Netherlands' Wellink defends position on ABN

Dutch central bank chief Nout Wellink, who expressed concerns about hedge fund TCI's push for a break-up of ABN AMRO, said in a letter published by the Wall Street Journal Europe Wednesday 7 March that his scrutiny was justified in order to ensure a sound banking system.

In the letter to the WSJ Europe, Wellink rejected criticism over his remarks, where he warned that putting pressure on a large bank such as ABN could threaten financial stability.

"We are not a country, and this is not a bank,