Netherlands

Cross-border payments in Europe

A survey carried out by the Netherlands Bank finds that Dutch consumers pay differently for their cross-border purchases than for their domestic purchases.

FSF proposals require careful implementation

The Financial Stability Forum's (FSF) recommendations must be implemented in such a way that ensures financial systems becomes less prone to instability, Nout Wellink, the governor of the Netherlands Bank, comments.

No need for Sint Maarten CB: Antilles's Tromp

Sint Maarten, a tiny Caribbean island, scheduled to become a country on 15 December, should not set up its own supervisory authority nor have its own monetary policy, said Emsley Tromp, the president of the Bank of the Netherlands Antilles.

BIS's Wellink outlines Basel II amendments

The Basel Committee will review the capital charges for collateralised debt obligations (CDOs) set out in the Basel II framework, said Nout Wellink, the president of the Netherlands Bank and chairman of the committee.

Cyprus and Malta join gold agreement

Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.

Curacao needs reform for an ongoing recovery

Curacao, an island in the Caribbean belonging to the Netherland Antilles, must introduce fiscal and structural reforms if its recent economic recovery is to continue, Emsley Tromp, the governor of the Bank of the Netherlands Antilles, said.

Dugan to replace Witteveen at joint forum

John Dugan, the comptroller of the currency in the US, will head the Joint Forum, a group of senior financial sector regulators, following the death of Dirk Witteveen, an executive director at the Netherlands Bank, earlier this month.

Bank of Netherlands Antilles to be investigated

The financial supervision exercised by the Bank of the Netherlands Antilles (BNA) is to be checked once more by the Dutch Financial Market Authority (AFM). Last month it was announced that the AFM had found the BNA to be seriously lacking in its…

Tromp on Caribbean marketplace

In a speech on "the Caribbean marketplace," Dr ED Tromp, president of the Bank of the Netherlands Antilles discussed the need for further Caribbean cooperation and integration and said, "The high vulnerability of our economies... is primarily the result…

Holland's Wellink assesses eight years of EMU

Speaking at the Nieuwegein Business Center, Nout Wellink, the president of the Dutch central bank, took stock of the achievements of eight years of economic and monetary integration and set out what he saw as the challenges facing the eurozone.

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