‘Public expects too much from banking supervision’

The Dutch public expects too much from the central bank and AFM as financial service regulators, the central bank says in a report into public attitudes to their work.


The survey shows 83% think the central bank should warn the public if a bank is in trouble. But this is not possible because a warning could lead to a run on the bank, making its collapse inevitable, the central bank says.
Some 62% expect the central bank to stop banks going bankrupt – again an impossibility, the central bank researchers say.
Only one in five of those polled knew the central bank supervises the financial health of banks while the AFM monitors the way banks operate.
The central bank says the survey shows it needs to improve its public information services and will take steps to do so.

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