Arnout Henricus Elisabeth Maria "Nout" Wellink (born 27 August 1943) is a Dutch economist and former central banker.
In 2010, Financial News determined that Wellink was the man who was believed to have wielded the greatest influence on worldwide financial oversight including "game-changing proposals on capital requirements and liquidity" for the world's banks. [1] He was president of De Nederlandsche Bank (DNB), a director of the Bank for International Settlements (BIS) from 1997 to 2012 and chairman of the board from 2002 through 2006. Also, Wellink was a member of the Governing Council of the European Central Bank from 1999 to 2012, [2] a governor of the International Monetary Fund (IMF) and a member of the Financial Stability Board (FSB). [3] Since October 2012 he has been a member of the board of the Bank of China. [4]
A native of Bredevoort, Wellink studied law at Leiden University from 1961 to 1968. He was awarded a Ph.D. degree in economics from Erasmus University Rotterdam in 1975. [5]
From 1970 to 1982, Wellink worked at the Dutch Ministry of Finance. He rose through the bureaucracy to become director general of financial and economic policy. He, also, held the post of treasurer general. [2]
In 1982, he became executive director of De Nederlandsche Bank (DNB), the central bank of The Netherlands. In 1997, he was named president of the bank. [2] On 1 July 2011 his second term as president of DNB ended.
In 2000, Wellink became a member of the Trilateral Commission. [5]
Nout Wellink's career has, also, been criticised. Under his supervision some serious problems arose in the Dutch banking sector, where DNB's actions have come under scrutiny by the Dutch parliament:
From 2006 through 2011, Wellink was chairman of the Basel Committee on Banking Supervision (BCBS). BCBS examines and proposes ways to reconfigure global banking regulations. [10] Wellink's point of view is not fixed, encompassing the premise that "a resilient banking system is central to sound financial markets and growth. Supervisors cannot predict the next crisis but they can carry forward lessons from recent events to promote a more resilient system which can weather shocks, whatever the source." [11]
Wellink published works include books [12] and articles. [5]
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cite web}}
: CS1 maint: archived copy as title (
link)
Media related to Nout Wellink at Wikimedia Commons
Arnout Henricus Elisabeth Maria "Nout" Wellink (born 27 August 1943) is a Dutch economist and former central banker.
In 2010, Financial News determined that Wellink was the man who was believed to have wielded the greatest influence on worldwide financial oversight including "game-changing proposals on capital requirements and liquidity" for the world's banks. [1] He was president of De Nederlandsche Bank (DNB), a director of the Bank for International Settlements (BIS) from 1997 to 2012 and chairman of the board from 2002 through 2006. Also, Wellink was a member of the Governing Council of the European Central Bank from 1999 to 2012, [2] a governor of the International Monetary Fund (IMF) and a member of the Financial Stability Board (FSB). [3] Since October 2012 he has been a member of the board of the Bank of China. [4]
A native of Bredevoort, Wellink studied law at Leiden University from 1961 to 1968. He was awarded a Ph.D. degree in economics from Erasmus University Rotterdam in 1975. [5]
From 1970 to 1982, Wellink worked at the Dutch Ministry of Finance. He rose through the bureaucracy to become director general of financial and economic policy. He, also, held the post of treasurer general. [2]
In 1982, he became executive director of De Nederlandsche Bank (DNB), the central bank of The Netherlands. In 1997, he was named president of the bank. [2] On 1 July 2011 his second term as president of DNB ended.
In 2000, Wellink became a member of the Trilateral Commission. [5]
Nout Wellink's career has, also, been criticised. Under his supervision some serious problems arose in the Dutch banking sector, where DNB's actions have come under scrutiny by the Dutch parliament:
From 2006 through 2011, Wellink was chairman of the Basel Committee on Banking Supervision (BCBS). BCBS examines and proposes ways to reconfigure global banking regulations. [10] Wellink's point of view is not fixed, encompassing the premise that "a resilient banking system is central to sound financial markets and growth. Supervisors cannot predict the next crisis but they can carry forward lessons from recent events to promote a more resilient system which can weather shocks, whatever the source." [11]
Wellink published works include books [12] and articles. [5]
{{
cite web}}
: CS1 maint: archived copy as title (
link)
Media related to Nout Wellink at Wikimedia Commons