Nout Wellink

Picture of Nout Wellink

Date of Birth: 08/27/1943

Age: 73

Place of birth: bredevoort

Nationality: Netherlands

One of the most influential bankers of our time

In 2010, the newspaper `Financial News` considered that Wellink - the same person who has the greatest influence on global financial supervision, including the` proposal, changing the rules of the game in relation to capital requirements and likvidnosti` for global banks.

Arnut Henricus Maria Elizabeth `Nut` Wellink born August 27, 1943 in bredevoort (Bredevoort), a small town near the eastern border of the Netherlands (Netherlands). From 1961 to 1968 he studied law at Leiden University, and in 1975 he defended his doctorate in economics in Rotterdam Erasmus University named. From 1970 to 1982, Wellink worked in the Dutch Ministry of Finance, and climbed the ladder from petty clerk to the Director General for Financial and Economic Policy. He also served as General Treasurer.

In 1982, 39-year-old became ispolnitelnymdirektorom Wellink of the Netherlands Bank, the country`s central bank.

In 1997, he was appointed president of the bank, and ended his second term in office Wellink July 1, 2011.

In 2000 he became a member of the Trilateral Commission.

From 2006 to 2011, Nout Wellink was the chairman of the Basel Committee on Banking Supervision, which studies and proposes ways reconfiguration of global banking rules.

Wellink also published several books and articles. Nout Wellink of Merit were awarded state and professional awards, including the degree of Commander of the Order of Orange-Nassau, the title of Knight of the Order of the Netherlands Lion, and an honorary doctorate Tilburg University.

Throughout his long career Wellink more than once became the object of criticism. While Wellink led by the Netherlands Bank, has raised a number of serious problems in the Dutch banking sector, and the central bank of the country became the object of attention of the Dutch Parliament.

In this regard, we can mention the bankruptcy of Icelandic bank `Landsbanki`, which in 2008 received a license for banking activities, acting under the name` Icesave`, while the Bank of France allegedly refused him permission for banking activities in France. Later the Bank of France has officially declared that it is not received from the `Icesave` request as a credit institution, and that the Icelandic banks were allowed to engage in France only its own current affairs. Later that same year `Landsbanki` went bankrupt and was nationalized by the Government of Iceland.

Wellink criticized in connection with the bankruptcy of the Dutch bank DSB in 2009 (license from the Dutch bank DSB was in 2005). Subsequent analysis showed that at the time of the issuance of risk-management DSB license still had serious shortcomings, the business model of the bank was also recognized as risky. However, based on a plan to improve the bank`s activities and meeting with the supervisory board of the central bank issued a license. After the collapse of DSB was found out that the supervisory board had absolutely no effect on the General Director of DSB, and they all planned improvements were not realized.

In 2007, the `Fortis`,` Banco Santander` and `RBS` successfully acquired` ABN Amro`, planning to split the bank into different divisions. The central bank approved the takeover, despite the important `ABN Amro` for the Dutch economy. In 2008 it turned out that `Fortis` seriously injured during the credit crisis, which led to the nationalization and` Fortis`, and `ABN Amro Dutch and Belgian governments. The Dutch parliament was investigating the case and exposed the Dutch bank`s sharp criticism.

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