Letter to House of Representatives on EU bank supervision

The Netherlands Court of Audit wrote to the Dutch House of Representatives on 9 February on the matter of the supervision of banks in the European Union. Responsibility for supervising ‘significant banks’ was transferred from the Dutch central bank to the European Central Bank (ECB) on 4 November 2014. There are seven ‘significant banks’ in the Netherlands, with a combined balance sheet total of approximately €2,480 billion.