Despite all the fintech mania, however, we banking supervisors have not yet morphed into app developers – though for us, too, prevention is a high priority. And it was precautionary motives that led us to once again conduct the low-interest-rate survey.
Furthermore, it represented a state-backed deposit institution, which can be seen as an important cornerstone of Amsterdam’s flourishing financial market and the prospering economy of the Netherlands at that time. When the euro was introduced in 1999, the euro-area countries left behind the problem of many different types of currencies. That helped to tap the potential benefits offered by the world’s largest common market.