MPs to question central bank chief on Icesave

The president of the central bank, Nout Wellink, is to appear before parliament’s finance committee on September 11 to give a public account of the bank’s actions in relation to the collapse of the internet bank Icesave, reports the Financieele Dagblad on Wednesday afternoon.

Finance minister Wouter Bos approved the hearing in a letter to MPs on Wednesday, the paper said.
Earlier this year Bos commissioned a report into the role of the central bank in the Icesave affair on the request of the parliamentary finance committee.
On Tuesday a letter from Wellink rejecting criticism against the bank made by the report was made public in the press. In his letter to Bos, Wellink warned that such criticism and other negative comments by politicians undermine the authority of the central bank.
The bankruptcy of Landsbanki and its Icesave internet subsidy led to 128,000 Dutch savers losing some €2bn in savings. Much of the compensation bill was picked up by the taxpayer.

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