Hi folks,
Some have probably heard that the Dutch Govt took over the 4th largest bank, SNS, for euro 3.7 billion. Nu.nl reports that DNB has what amounts to a cap gun at its disposal to intervene in certain situations. Lex Hoogduin asks if DNB reported this to Min Fin to ask for further powers. Then they could have intervened last summer when they first found out about the troubles. The question was if the MinFin was informed and what did he do. Maybe he was away at a meeting and missed the message, noone seems to know. Since the bank is brought under in a holding company, DNB was powerless. The cap gun was issued after the events of 2008. Or something like that.
http://www.nu.nl/economie/3081259/interventiewet-slechts-klappertjespist…
http://www.bloomberg.com/news/2013-02-02/sns-nationalized-in-netherlands…
http://www.bloomberg.com/news/2013-02-01/dutch-deficit-to-widen-0-6-poin…
(1 vote)
