Presentation on theme: "1 Auditing the Financial Crisis Kees Vendrik, vice president NCA."— Presentation transcript:
1 Auditing the Financial Crisis Kees Vendrik, vice president NCA
1 Scope and Stage: the Focus of SAIs EU as an institution and EU measures serve as context ànd object of activities Wide range of SAI activities; not only audits but also enhanced monitoring and websites (creating insight/overview) (National) financial stability and fiscal sustainability are key
1 Scope & Stage: Different Aspects EU - Enhanced fiscal discipline - Banking Union - ESM & EFSF -Development monetary policy ECB Institutional aspects - Impact fiscal discipline c.a. on national budgetary cycle - Accountability & control EMU-data - Supervision financial sector - Accountability arrangements ESM, EFSF Financial & budgetary aspects - (Insight in) spending cuts - (Insight in) risks to public finance - Interventions in financial sector - Dutch exposure to ECB, ESM, EFSF operations
2 Insight in spending cuts: measures taken > hier komt de tekst
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