Dutch bank mangers to face proficiency exams

27th May 2009, Comments 0 comments

Bank managers in the Netherlands may have to take a proficiency test in 2010 to qualify for a top executive position.

The Netherlands – Bank managers may have to take a test to prove they are qualified for the job in 2010.

In a Dutch current affairs TV programme, Dutch Finance Minister Wouter Bos proposed the possibility of setting up a proficiency test for bankers to help restore public confidence in the financial sector.  

Bos said if accountants and lorry drivers have to take a proficiency test to qualify for their jobs, the same should apply to bankers.

The test will be drawn up by the Dutch Central Bank and the banking sector.

The proposal is one of the recommendations of the Maas Commission, which was created in 2008 to study what lessons can be learned from the crisis in the financial sector.

The finance minister hopes to make the examination mandatory before the end of the year.

Gerrit Zalm, the CEO of ABN Amro and one of the country's longest serving finance minister, will also be required to take the test.

Radio Netherlands / Expatica

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