Dutch Government poised to revamp supervision

NETHERLANDS - Gerrit Zalm, the Dutch finance minister, is considering transforming the financial sector's three existing supervisory bodies into two watchdogs, according to well-informed sources. The reorganisation could mean that the central bank DNB would lose its independent role as supervisor of the banking sector.

Zalm has told the insurance sector that he is considering following the example of Australia which has a watchdog for code of conduct in the financial sector and a supervisor re