This week The Netherlands' Minister of Finance announced changes to the governance of De Nederlandsche Bank (DNB, the Dutch central bank and prudential supervisor of the financial sector). The Minister will send Parliament proposals to change the central bank law shortly.
These changes include strengthening the Supervisory Board (DNB's internal oversight body) by giving it authority to oversee, amongst other things, the effectiveness of DNB's supervisory policy regarding the financial sector; consequently, the profile of the Supervisory Board's members will be adjusted accordingly.
Furthermore, the Minister proposes limiting the mandate of members of DNB's Governing Board, including its President. Although the seven-year period will remain unchanged, the proposals aim to limit re-appointments to once only; consequently no Governing Board member will stay in office for more than 14 years.
For more information on these changes and other, follow this link--in Dutch only.
