The Dutch central bank is bringing in changes to the way it assesses the suitability of financial sector executives following complaints about ’30-year-old psychologists’, the Financieele Dagblad reports on Thursday.
Central bank supervisory chief Jan Sijbrand told the paper in an interview that department heads and other directors will be involved in the screening procedures from next year.
‘We are introducing more seniority because we have noticed that those involved in the talks are not always on the same wavelength,’ Sijbrand said.
Since 2012, executive and supervisory board members have had to go through an assessment process to determine if they are sufficiently reliable and trustworthy. Some 10% fail the test, the FD says.
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