President, The Netherlands Central Bank Nout Wellink of Netherlands

The RA President Robert Kocharyan received the Chairman of the Netherlands Bank Nout Wellink who is in Armenia with an official visit.

Wellink has a very distinguished and long career in economic, monetary and financial policymaking, both nationally and internationally.

Wellink has inspired and stimulated in an extraordinary way economic, monetary and financial research both within and outside De Nederlandsche Bank.

Wellink has shaped economic, monetary and financial policies both nationally and internationally during the past decades.

Banks are still concerned about the adoption of Basel II requirements to mitigate capital risks, European Central Bank Governing Council Member Nout Wellink said Friday.

Banks continue to have concerns about the potentially inconsistent application of Basel II across jurisdictions," Wellink said in a speech at the Institute of International Finance spring meeting.

Wellink is also chairman of the Basel Committee on Banking Supervision and president of the central bank of the Netherlands.

ATHENS, Jun 01, 2007 -- Banks are still concerned about the adoption of Basel II requirements to mitigate capital risks, European Central Bank Governing Council Member Nout Wellink said Friday.

var RTR_ArticleTitle = "UPDATE 1-ECB's Wellink says US.

economy is already in a recession and it could last longer than just two quarters, European Central Bank Governing Council member Nout Wellink has told a Dutch newspaper.

The latest disclosures of losses among banks are helping resolve problems in financial markets, but more will be needed to help restore investor confidence, European Central Bank governing council member Nout Wellink said Wednesday.

As head of the Basel Committee on Banking Supervision, Wellink said work was still underway to tailor the Basel II rules to lessons learnt from the past six months of market turmoil.

NEW YORK, Feb 27, 2008 -- The latest disclosures of losses among banks are helping resolve problems in financial markets, but more will be needed to help restore investor confidence, European Central Bank governing council member Nout Wellink said Wednesday.

var RTR_ArticleBlurb = "AMSTERDAM (Reuters) - European Central Bank (ECB) Governing Council Member Nout Wellink said on Friday he did not anticipate good news from euro zone growth figures next week, adding his governing council peers were ''very concerned'' about.

AMSTERDAM (Reuters) - European Central Bank (ECB) Governing Council Member Nout Wellink said on Friday he did not anticipate good news from euro zone growth figures next week, adding his governing council peers were "very concerned" about inflation.

Wellink said among ECB governing council members who meet regularly to set interest rates: "there was broad agreement during the meeting that this time we did not need to act.

2 percent, data showed on Thursday, Wellink said the government would need to act to help curb prices if inflation threatened to rise above 4 percent.

NICE, France, Sept 11 (Reuters) - There is a risk the euro zone economy will suffer a technical recession, European Central Bank Governing Council Member Nout Wellink said on Thursday, but he cautioned against too much emphasis on statistics.

Wellink said it was too early to say if the economic slowdown in the euro zone -- which is likely to halve the growth rate this year to 1.

AMSTERDAM (Reuters) - European Central Bank Governing Council member Nout Wellink said on Friday that the global credit crisis had now reached a "second wave," worse than the first.

Federal Reserve and its counterparts in launching a new temporary short-term lending facility to ease money market strains ahead of normal year-end demand for cash, Wellink said in the interview with Dutch daily De Volkskrant.

Basel Committee chairman Nout Wellink said there was no plan to raise minimum capital requirements now.

AMSTERDAM, Feb 24: European Central Bank Governing Council member Nout Wellink said hedge fund TCI was going too far in calling for a break-up of Dutch bank ABN AMRO, Dutch daily NRC Handelsblad reported on Saturday.

Wellink said when hedge funds cooperate and want to exercise voting rights on more than 10 per cent of the share capital, they have to ask permission from the Dutch Central Bank.

Wellink has been President of De Nederlandsche Bank since 1 July 1997.

Since January 1999, Mr Wellink has sat on the Governing Council of the European Central Bank.

Wellink has sat on the Board of Directors of the Bank for International Settlement, which he chaired from 2002 until 2006.

Mr Wellink is a member of the Group of Ten Governors, the committee of central bank governors of the G10 countries, and a Governor of the International Monetary Fund.

Speaking in Beijing, Nout Wellink said the international forum is working.

That's what the President of the Dutch Central Bank Nout Wellink had to say earlier today.

Wellink says not to fear banks failing as a result of restricting liquidity.

In highlighting the central role that Pillar 2 plays in the Basel II framework, Mr Wellink said This is not a compliance exercise! Senior management and boards of directors need to lead the process and ensure that their institutions establish robust internal systems that capture all material risks for their institution in a rigorous manner.

increasing money supply and rising inflation.

var RTR_ArticleBlurb = " AMSTERDAM, May 15 (Reuters) - European Central Bank Governing Council member Nout Wellink said the bank's priority is to keep inflation expectations in line with price stability.

is to keep inflation expectations in line with price stability.

speech published by the Dutch central bank on Thursday.

Banks need to set aside additional capital cushions to protect them from unexpected losses in their own trading activities and conduct more rigorous stress tests, Wellink said in the text of a speech.

Wellink said the standard risk-measurement practice known as VAR, or value at risk, was inadequate for calculating potential losses and ‘needs to be supplemented with a default risk charge.

By calling for more testing and by pointing to new charges for risky trading, Wellink is signalling that regulators are moving closer to reducing risk-taking in the financial system.

Wellink said the securities, which suffered the most dramatic ratings downgrades ever seen on high-quality debt, held the potential to disrupt the banking system, with important knock-on effects for the real economy.

Wellink said the supply of liquidity to banks was an adequate reaction to the credit crisis and added: "There is a limit to how long you can do this.

Bankier Nout Wellink is blij met financiële inn.

To some extent, the banks are to blame for what has happened, Wellink said in an interview.