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Registration of governmental interventions fighting financial turmoil

Registration of governmental interventions fighting financial turmoil. A.J. de Boo Statistics Netherlands. Introduction. Interventions by the Dutch Government Dilemmas for Statistics Netherlands Action taken Process Registration of the interventions Conclusions. Parties concerned.

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Registration of governmental interventions fighting financial turmoil

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  1. Registration of governmental interventions fighting financial turmoil A.J. de Boo Statistics Netherlands

  2. Introduction • Interventions by the Dutch Government • Dilemmas for Statistics Netherlands • Action taken • Process • Registration of the interventions • Conclusions

  3. Parties concerned • Dutch government - Parliament - Excessive Deficit Procedure • European Commission • Financial institutions

  4. Expert team • External experts merger and acquisition • Internal experts ESA and EDP - External academic expert accountancy

  5. Process - Exchange of knowledge • List of documents • Interviews • Ministry of Finance • Dutch Central Bank • Consultants • Rating agency • Presentation at Ministry of Finance

  6. Interventions by Dutch Government • Nationalisation of Fortis Netherlands • Capital support to ING, Aegon and SNS Reaal • Garantees for NIBC and Leaseplan • Compensation of Icesave depositors • Acquisition of ING Alt-A Mortgage portfolio

  7. Conclusions • + Registration not disputed • + Fruitful cooperation • + Finished in time • + Within the budget • - Process hard to control

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