https://desktop.fairmat.com/home/ https://desktop.fairmat.com/blog/the-financial-derivatives-crisis-in-the-netherlands/#PageComment_1 Also the following news may be relevant: even though either the Dutch labor party, which is proposing that some of the financial transactions will be taxed, and the socialist party is proposing to increase taxes on banks, the trend is a toughening of the rules on banks (http://www.businessweek.com/news/2012-09-10/feuding-dutch-politicians-agree-on-toughening-rules-for-banks), and it seems very probable that we will assist also to a strengthening of the financial supervision: in fact a report by the AFM (The Authority for the Financial Markets) observes that there is a need of using complex financial products but it still not clear if these non-retail customers are able to assess involved risks. The recent history triggered them to test the professionalism assumption among companies who have purchased derivatives (http://www.afm.nl/professionals/afm-actueel/nieuws/2012/sep/onderzoek-dienstverlening-niet-retailklanten.aspx).

AFM is also wise to extend the investigation (http://fd.nl/economie-politiek/971264-1209/derivaten-bij-mkb) to almost the whole system in order to understand which are the responsibility of the banks with the aim of protecting small business given that they must be treated as private customer and have the highest duty protection. How new regulations will treat medium companies is still unclear: according to European rules, when an organization satisfies two of the three following criteria: balance sheet total of at least € 20 million, a turnover of at least € 40 million and an equity capital of at least € 2 million is considered as a professional party in the transactions. Thu, 27 Sep 2012 16:12:30 +0200 matteot https://desktop.fairmat.com/blog/the-financial-derivatives-crisis-in-the-netherlands/#PageComment_1