Nout Wellink: Rebuilding the financial sector Speech by Dr Nout Wellink, President of the Netherlands Bank and Chairman of the Basel Committee on Banking Supervision, at the Colloquium of the Centre for Financial Studies, Frankfurt am Main, 8 December 2010. *  *  *  Introduction 1.
Ladies and gentlemen, the financial crisis that has raged since July 2007 is a manyheaded monster. At its core is a lack of market confidence in financial institutions and in some countries. I will speak about the background to the global financial crisis, its impact, and about the current situation in some European countries.