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Netherlands

Recovery a long way off: Wellink

Despite strong interventions, recovery of the banking system seems a long way off, said Nout Wellink, the president of the Netherlands Bank and chairman of the Basel Committee on Banking Supervision.

ING gets Dutch lifeline

ING, the biggest financial services firm in the Netherlands, has become the latest major financial institution to receive a capital injection from the government.

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.

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