The Dutch banking sector explains itself under the magnifying glass. A special committee will examine how the financial sector in the future should see. That will include looking at issues such as remuneration, monitoring and codes of conduct to which banks must now hold. That way the banks want to draw lessons from the credit crisis.
Next year, the committee with recommendations are made the Dutch Association of Banks (NVB) disclosed yesterday. NVB-chairman Boele Steel expects that the committee not only to the banks themselves will look, but also the political will act in concert. The work of the committee will conduct new and appropriate legislation directing, expects Steel.
The committee is headed by Cees Maas, former financial director of ING. The choice is remarkable because ING recently by the state had to knock for support to strengthen its buffers. Maas earlier led an international commission to deal with the credit crisis arc.
According to NVB-President Steel is the high time for 'self', also from politics because it is called. The committee must include dealing with the question of how much money a bank can lend to someone and how much risk it stuck.
Cees Maas except sit in committee, the former bankers Tom de Swaan and Wim van de Goor Bergh and professor of economics Sylvester Eijffinger.
Next year, the committee with recommendations are made the Dutch Association of Banks (NVB) disclosed yesterday. NVB-chairman Boele Steel expects that the committee not only to the banks themselves will look, but also the political will act in concert. The work of the committee will conduct new and appropriate legislation directing, expects Steel.
The committee is headed by Cees Maas, former financial director of ING. The choice is remarkable because ING recently by the state had to knock for support to strengthen its buffers. Maas earlier led an international commission to deal with the credit crisis arc.
According to NVB-President Steel is the high time for 'self', also from politics because it is called. The committee must include dealing with the question of how much money a bank can lend to someone and how much risk it stuck.
Cees Maas except sit in committee, the former bankers Tom de Swaan and Wim van de Goor Bergh and professor of economics Sylvester Eijffinger.
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