Central bank leaked DSB info: Elsevier

The central bank was responsible for leaking information about the financial difficulties at DSB bank the day before it began to collapse, magazine Elsevier claims on Thursday, without quoting direct sources.

Elsevier says central bank officials told outsiders they were asking for the bank to be put under court protection on the night of October 11. The request had to be made in conditions of utmost secrecy to prevent a run on the bank.
But on Monday, October 12, the Volkskrant published a story saying DSB was being put under administration, even though the court had actually turned down the request the night before.
The newspaper said it had been told of the court request by ‘sources close to the finance ministry’. The publication led to a renewed run on the bank, which was finally declared bankrupt a week later.
Elsevier claims central bank officials told Niek Hoek, CEO at Delta Lloyd and a member of the insurance association board, of the decision to go to court before the court had made its ruling.
Hoek claims to have passed the information only to his fellow board members but sources told Elsevier he had spread the news further.
Elsevier says the central bank refused to comment on its report.

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