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Financials

UPDATE 1-ECB's Wellink survives Dutch confidence vote

* Majority of MPs back Wellink for now, want change

* Populist Freedom Party wanted Wellink’s ouster

* Wellink under pressure over report on a bank’s failure

* Dutch FinMin De Jager backs Wellink to deliver reforms (Adds voting result, detail)

By Gilbert Kreijger

AMSTERDAM, July 1 (Reuters) - Dutch central bank (DNB) president Nout Wellink on Thursday won enough support from the Dutch parliament’s lower house to remain in power, though it expects to see a substantial reform plan for the bank soon.

Wellink, who is a member of the European Central Bank governing council and chairman of the Basel Committee of central bankers, is under heavy fire over the collapse last year of DSB Bank [DSB.UL] and a scathing report on Tuesday. [ID:nLDE65S0TG]

But a call from Freedom Party (PVV) member Roland van Vliet to have Dutch Finance Minister Jan Kees de Jager oust Wellink, whose term expires July 1, 2011, only won support from the PVV and socialist SP party. The PVV and SP together hold 39 seats in the 150-seat lower house.

The Liberals, the biggest party in the lower house after elections last month, and the Christian Democrats both opted to give De Jager more time for a culture change to make the DNB a more assertive and decisive bank supervisor.

The Liberals and the Socialists have said change is necessary, citing DNB’s 2007 handling of ABN AMRO’s takeover by Fortis, which was bailed out in 2008, and Icelandic bank Icesave, which collapsed after the Fortis rescue.

De Jager, a Christian Democrat like Wellink, will present a plan mid-August and said he remained confident Wellink and DNB could change.

Labour, the second-largest party, and smaller party Green Left did not choose to support PVV’s motion but have asked De Jager to change leadership at DNB. (Reporting by Gilbert Kreijger, editing by Mike Peacock and Kenneth Barry)

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