Netherlands takes on systemically important banks

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Dutch officials have warned that systemically important banks (sibs) should start to build up their capital buffers and begin to develop recovery plans, amid growing fears the sovereign debt crisis in Europe may destabalise the banking sector.

In its Autumn Financial Stability report published on Wednesday, the Netherlands Bank said the European sovereign debt crisis and weak economic growth in Europe had created increasing amounts of instability in the financial system, as households and banks

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