Dutch bank tax makes recapitalization hard, panel says

07/1/2013 | Bloomberg

Banks in the Netherlands are struggling to rebuild capital because of a bank tax, according to a government-commissioned panel. "Reconsider the banking tax, because it has an adverse effect on the accumulation of equity for banks," said Herman Wijffels, a lawmaker and professor who led the committee. The panel also recommends that banks do not engage in proprietary trading, echoing the Liikanen group.

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