Clifford Chance
First measure by Disciplinary Commission for Dutch banks: what lies ahead?
21 December 2016
The world’s first disciplinary board for bankers rooted in law has now issued its first disciplinary measure. In its decision published on 15 December 2016, the Disciplinary Commission of the Dutch Foundation for Banking Ethics Enforcement has imposed a 6 month disqualification from the profession for violation of the banker's oath and related code of conduct. This decision right at the end of 2016 provides a preview of what lies ahead for the banking sector in 2017, both in the Netherlands and beyond.
