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Explore the Dutch government's interventions during financial crises, documented in cooperation with Statistics Netherlands. Delve into the dilemmas faced, action steps taken, and the registration process of interventions. Get insights from various stakeholders involved, including the Dutch government, European Commission, financial institutions, and expert teams.
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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 • Dutch government - Parliament - Excessive Deficit Procedure • European Commission • Financial institutions
Expert team • External experts merger and acquisition • Internal experts ESA and EDP - External academic expert accountancy
Process - Exchange of knowledge • List of documents • Interviews • Ministry of Finance • Dutch Central Bank • Consultants • Rating agency • Presentation at Ministry of Finance
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
Conclusions • + Registration not disputed • + Fruitful cooperation • + Finished in time • + Within the budget • - Process hard to control