‘There is no reason to run banks in the Netherlands’

De Nederlandsche Bank (DNB) Tubman Claes Not expects a major banking crisis in the Netherlands. “The reasons that were at the root of the problems in banks in the US and in Credit Suisse do not occur in Dutch banks,” Knot says in a conversation with BNR.

Thus, a banking crisis elsewhere is “not a concern at the top of my list,” says Nott, who, as CEO, shared the bad news that DNB incurred losses for the first time in 90 years. This is mainly due to the rapid rise in interest rates.

Also read | DNB expects dramatic years after historic loss

bank run

The banking crisis will certainly not spread to the Dutch banking sector, according to Han de Jong, home economist at BNR. “In the end, if all the account holders in the bank are worried and withdraw their money, every bank will collapse.” De Jong says this scenario is unrealistic. “In the Netherlands, there is absolutely no reason to do that, whereas in Silicon Valley it was different.”

Also read | The European Central Bank has only one goal: to reduce inflation

The comparison is often made with the 2008 financial crisis. De Jong also sees parallels with that time. This is still fresh in my mind. But the differences between now and 2008 are much greater. This does not keep me awake.

The European Union has stricter rules

The home economist’s confidence is mainly due to stricter supervision since 2008. “Surveillance has been significantly tightened, liquidity and solvency requirements have increased significantly and that has changed in the US.” De Jong refers, among other things, to the loosening of financial rules in the United States, while in the European Union this did not happen.