Dutch banks take a new look at risk
Dutch banks were considered to be among the best and safest in the world, but now they are reducing their global presence and concentrating primarily on their home market. Boris Agranovich looks at what went wrong and at the local risk management community’s response
It has been a turbulent year for the Dutch banking and financial sector, marked by break-ups, painful restructurings and closures. Among the major events, on October 26 ING, under pressure from the European Commission, announced it was splitting up its insurance and banking businesses. The move meant the end of ING’s global ambitions and was the last nail in the coffin of its well-established
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