Securities at Risk
AUTHOR: Barendregt, Jaap
PUBLISHER: Aksant Academic Publishers
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The end of the 1990s saw a renewed interest in the theft of Jewish-owned securities in the Netherlands by the German occupying forces during World War II, the controversial role that the exchange played in the sale of the securities, and the subsequent restitution of rights following liberation. Research showed that the post-war restitution process had been incomplete, particularly as far as the restitution of securities and insurance claims were concerned. The final report of the Scholten Committee was published in December 1999. It revealed serious shortcomings in the process of restitution, largely due to the actions of the most important representative of the stock market at that time: the Amsterdam Stock Exchange Association (Vereniging voor de Effectenhandel).
In response to the Scholten Committee report, in 2000 the Amsterdam Stock Exchange Association, which by then was in liquidation, and Amsterdam Exchanges (its successor at that time), together with the Netherlands Bankers' Association, reached agreement on compensation with representatives of Jewish institutions, with the aim of completing the restitution of securities rights. Part of this agreement was that the exchange organizations and Jewish institutions should jointly publish this book on events affecting Jewish-owned securities that took place during and after the occupation and the role played by the then Amsterdam Stock Exchange Association, using the Scholten Committee's final report as a guide.
The result is this book, readable and accessible to non-specialists. It will be of interest to those interested in Holocaust Studies, as well as those interested in the fiscal and moral foundations of payments to survivors of the Holocaust.
Jaap Barendregt is an economist and historian and is currently working as a financial analyst at FBS Bankiers, a Dutch investment bank based in Amsterdam.
PUBLICATION DATE: 8/1/2004
CATEGORY: Business & Economics, History