The central bank and financial services sector regulator AFM have abandoned their investigations into the role of former DSB bank executive Ed Nijpels in the bank’s collapse.

The investigations were set up last year on the instigation of former finance minister Wouter Bos following the DSB bankruptcy after a run by customers concerned about the bank’s health.
DSB was embroiled in allegations of major and deliberate mis-selling.
Uncertainty
Last month, Nijpels resigned from his new job as chairman of the civil service pension fund ABP, citing uncertainty over the DSB probe. He was on the bank’s supervisory board from 2004.
A spokesman for the AFM said that since Nijpels had resigned from the ABP it saw no reason to continue the investigation. ‘We check out executives, not non-executives,’ he said.
The central bank is also halting its investigation, but declined to give further details, the Telegraaf reported.

On Monday the first of the two regulators’ reports were published. Both focus on the role of former finance minister Gerrit Zalm as chief financial officer at DSB. The central bank said he had done his work carefully, while the AFM said he should stand down as CEO at nationalised banking group ABN Amro.