A majority of MPs have doubts about whether central bank president Nout Wellink is the right man to push through a ‘cultural change’ at the bank, the Financieele Dagblad reports on Friday.

Although caretaker finance minister Jan Kees de Jager defended Wellink in Thursday’s parliamentary debate, MPs from across the political spectrum said the central bank had repeatedly failed to show enough muscle.
MPs were debating a damning report on the collapse of independent bank DSB, which said the central bank should never have issued it a banking licence.
Teeth
But the bank had also failed to show enough teeth during the credit crisis, the takeover of ABN Amro bank and the swift rise of internet savings back Icesave, MPs said.
The central bank has been given until August 1 to draw up a plan to overhaul its operations and implement a ‘cultural change’.
‘The internal supervision within DNB needs to be changed, for instance via the supervisory board … the supervisory board needs to exercise more control of DNB’s supervisory tasks. The law needs to be changed and I will change the law,’ Reuters news agency quoted De Jager as saying.
Once the plan has been drawn up, MPs will have their say on whether they feel Wellink is the right man to implement it, according to the NRC.
MPs do not have the right to appoint the central bank president, but a lack of support would be an important signal that he should go, experts say.