An experiment in which the police and Dutch banks exchange the names of terrorist suspects is having possible results. Some 300 suspicious transactions were found over the past year. These transactions are being investigated further, NOS reports.
Should the Netherlands decide to stick to its low banker's bonus limit, the country could lose out on 17 thousand extra jobs and 1 billion euros in income and corporation tax, says employers' organization VNO-NCW. According to the organization, dozens of small financial institutions and at least three major international banks would move from London to the Netherlands after the Brexit, if the bonus limit was not an obstacle, NU.nl reports.
Exactly which financial institutions are involved, the VNO-NCW did not say.
Many banks and financial institutions moving to Europe after the Brexit, are shunning Amsterdam due to the Netherlands' cap on bonuses. While the rest of the European Union capped bonuses at 100 percent of the fixed salary, the Netherlands' cap is 20 percent of the fixed salary. The banks fear losing talent to the competition, being forced to pay irresponsibly high salaries to keep employees and do not feel welcome in the Netherlands, Financieele Dagblad reports after talking to a number of companies assisting banks in their move to the EU mainland.
Amsterdam is in talks with numerous financial firms currently based in London about relocating to the Netherlands due to Britain's decision to leave the European Union, deputy mayor Kasja Ollongren confirmed, according to The Guardian. "They [financial institutions] are all preparing themselves. They don't know exactly what they have to prepare for because the situation is unclear and it will take some time until it is more clear. Financials and others are looking at possibilities and very often Amsterdam is on the shortlist", Ollongren said, according to the newspaper.
Dutch central bank DNB is deeply concerned about the "profound consequences" the superlow interest rates will have on the entire financial sector, director of Supervision at DNB Jan Sijbrand said on Thursday
Cybercrime costs the Dutch government and companies about 10 billion euros a year, according to an analysis done by Deloitte. The public sector and technology sector in particular are hit hard by cybercrime
Two Dutch postbox firms are implicated in the so-called "Panama Papers" - the name given to a large-scale international investigation into documents leaked from a Panama based legal consultancy. The documents revealed letterbox companies used by politicians, businessmen and sports personalities worldwide to evade taxes.
Dutch central bank DNB launched an investigation into possible money laundering in professional football. The financial authority is investigating banks and trust companies to find out whether the financial sector is properly able to recognize and address match fixing and shady transfer deals, DNB announced on Thursday
The bankruptcy curator working on the bankruptcy of Perry Sport and Aktiesport is filing a law suit against the stores' four banks over unpaid wages for the staff.
In January 32,848 scam emails were reported to online fraud hotline Fraudehelpdesk.nl. That is almost double the 16,705 reports received in December, the hotline announced on Monday.
Finance Minister Jeroen Dijsselbloem wants a liaison officer to provide leadership for the FinTech Sector, similar to the role Neelie Kroes is playing as startup-ambassador, he said in an interview at B.Amsterdam
A Dutch plea to increase the buffer requirements for the world's banks from 3 percent to 4 percent was unsuccessful. The Basel Committee on Banking Supervision decided to keep the so-called leverage ratio at 3 percent
Banks want politicians to stop with the ever increasing rules and requirements for the sector. They fear that all these requirements will force them to implement extra fees on loans and mortgages.
Small and medium sized enterprises in the Netherlands now have a new opportunity to get a loan - the Netherlands Investment Institution has opened its Commercial Loan Fund, which has about 1 billion euros available to issue loans to SMEs.
The Fraud Helpdesk has issued a warning about a new trend in debit card fraud - emails sent to consumers asking them to send in expired debit cards.
Banks are relaunching the IBAN assistant. From today, people who want to convert their old bank account numbers to the longer IBAN numbers, can do so on www.OveropIBAN.nl, the Telegraaf reports.
The new financial advisory board (FSC) of the government believe that maximum mortgage in the country should not exceed 90 of the house price. They say it would help prevent people getting stuck with residual debt.
Major banks in the Netherlands are raising their mortgage rates for the first time after several years of contraction.
Banks are warning consumers against online services that convert old nine-digit Dutch bank account numbers into IBAN codes, reports NOS. Banks stopped providing the service last month.
It is still difficult for self-employed workers, including freelancers, to close a mortgage, concludes the Association of Homeowners (VEH) based on a survey of 851 people in the Netherlands. Self-employed who want to close their mortgage find themselves in "a world of distrust and opposition," writes the association in their report.
Family members of missing people often struggle with serious practical and financial difficulties because they cannot act on behalf of their missing family member. These family members, Slachtofferhulp Nederland and the Vereniging Achterblijvers na Vermissing are therefore advocating for missing persons to be given a separate legal status.
Dutch pension funds, insurance companies and banks will invest an additional 2 billion euros to provide loans for Dutch small- and medium-sized enterprises (SME) in the next three years, the government announced Wednesday. For this purpose, the Netherlands Investment Institution (NLII) is establishing two investment funds Wednesday.
A Tweede Kamer hearing about remuneration in the financial sector became confrontational between MPs and three major companies’ executives Tuesday. Speaking in the lower house of parliament, representatives from ABN AMRO, Aegon and ING attempted to convince the public of the need to pay market-based salaries to attract qualified managers, reports NOS.
According to De Nederlandsche Bank (DNB) and the Authority for Financial Markets (AFM), banks have to improve their management of the risks entailed in contributing to or using benchmark.