DNB cool on its own watchdog plans

NETHERLANDS - Dutch central bank DNB president Nout Wellink is less than enthusiastic about his own controversial plan for new watchdogs for the financial sector, according to an internal document leaked to Het Financieele Dagblad.

'If we had been able to choose the (regulatory) model which we are currently discussing, it would have looked a lot different,' Wellink is quoted as saying during a meeting on the new financial sector watchdogs on 16 August. In July, finance minister Gerrit Zalm pro