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Registration of governmental interventions fighting financial turmoil

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Presentation on theme: "Registration of governmental interventions fighting financial turmoil"— Presentation transcript:

1 Registration of governmental interventions fighting financial turmoil
A.J. de Boo Statistics Netherlands

2 Introduction Interventions by the Dutch Government
Dilemmas for Statistics Netherlands Action taken Process Registration of the interventions Conclusions

3 Parties concerned Dutch government - Parliament
- Excessive Deficit Procedure European Commission Financial institutions

4 Expert team External experts merger and acquisition
Internal experts ESA and EDP - External academic expert accountancy

5 Process - Exchange of knowledge List of documents Interviews
Ministry of Finance Dutch Central Bank Consultants Rating agency Presentation at Ministry of Finance

6 Interventions by Dutch Government
Nationalisation of Fortis Netherlands Capital support to ING, Aegon and SNS Reaal Garantees for NIBC and Leaseplan Compensation of Icesave depositors Acquisition of ING Alt-A Mortgage portfolio

7 Conclusions + Registration not disputed + Fruitful cooperation
+ Finished in time + Within the budget - Process hard to control


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