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Article: Dutch Central Bank Cites Stability in ABN Matter

Article from:
Daily News
Article date:
March 5, 2007
Author:
Copyright

AMSTERDAM, March 5 (Reuters)--Dutch central bank chief Nout Wellink cannot be considered protectionist for criticizing a British hedge fund for suggesting that ABN Amro should be broken up, the Dutch banking association said on Monday.

"Financial institutions must be distinguished from other companies," Hein Blocks, chief of the Dutch Banking Association (NVB), told reporters at the publication of the group's annual data. "There must also be considerations to protect consumers."

The Children's Investment Fund said on Feb. 21 in a letter to ABN, the ...

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