Nout Wellink

Nout Wellink

Arnout Henricus Elisabeth Maria "Nout" Wellink (born 27 August 1943 in Bredevoort, Netherlands) is a Dutch economist and central banker.

In 2010, Financial News determined that Wellink as the one man who is 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 has been President of the De Nederlandsche Bank (DNB) and a Director of the Bank for International Settlements (BIS) since 1997. He was Chairman of the Board from 2002 through 2006. Also, Wellink has been a member of the Governing Council of the European Central Bank since 1999.[2]

Wellink is a Governor of the International Monetary Fund (IMF) and member of the Financial Stability Board (FSB).[3]

Contents

Early life

He studied law at Leiden University from 1961 to 1968. He was awarded a Ph.D. degree in economics from Erasmus University Rotterdam in 1975.[4]

Career

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 term as president of DNB will end.

In 2000, Wellink became a member of the Trilateral Commission.[4]

Basel Committee

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.[5] 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."[6]

Selected works

Wellink published works include books[7] and articles.[4]

  • Jonge wijn in oude zakken : op weg naar een nieuwe Nieuwe economie (2001)
  • President's speech (2005)

Honours

Notes

  1. ^ Ahuja, Vivek. "And the most important financial regulator of 2010 was...," Wall Street Journal (US). January 19, 2011; citing and FN100 which annually ranks the most influential people in the European capital markets
  2. ^ a b c Nout Wellink bio notes, Wall Street Journal (US).
  3. ^ De Nederlandsche Bank (DNB), Governing Board
  4. ^ a b c d e Curriculum vitae A.H.E.M. Wellink
  5. ^ Ewing, Jack. "Central Banker Takes a Chance by Speaking Out," New York Times (US). November 1, 2010.
  6. ^ Choudry, Moorad. (2010). Structured Credit Products: Credit Derivatives and Synthetic Securitisation, p. 12 at Google Books; compare "The Group of Governors and Heads of Supervision reach broad agreement on Basel Committee capital and liquidity reform package," Bank for International Settlements Press Release, 26 July 2010
  7. ^ WorldCat Identities: Wellink, Nout
  8. ^ Hoge onderscheiding voor Nout Wellink - website nu.nl (Dutch)

References

  • This article incorporates information from the article Nout Wellink on the Netherlands Wikipedia.

External links

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