In addition, the Bank’s private-law legal form has worked successfully for two centuries partly because it enhances the Bank’s independence from politics, a factor that has gained in importance since the introduction of EMU. Another advantage of the private-law legal form is its flexibility. It is a form which facilitates responses to social developments.
Over the years, this private-law mantel has suited the Bank perfectly in changing circumstances and will undoubtedly continue to do so in future. The Nederlandsche Bank is not unique in this respect. The private-law origins of various other central banks can still be traced in their current legal structure. National versus European The second angle is the concurrence of national and European regulations.