Dutch Regulator Says Banks Benefit More Than They Pay for

Banks will draw benefits from the European Central Bank’s direct oversight that will outweigh the extra supervisory costs they face, according to the Dutch central bank’s chief supervisory official.

“They said it’s a lot of money, but it’s worth it,” Jan Sijbrand, who is also a member of the board of the ECB’s banking supervisory arm, told reporters in Amsterdam today. “Banks benefit from cheaper funding.”