De Nederlandsche Bank has published the Dutch Financial Stability Committee’s account of its June 26, 2026 meeting, in which the committee concluded that advanced artificial intelligence models are materially reshaping the cyber threat landscape for finance. It said financial institutions need to adapt their cyber resilience and risk management accordingly, while stronger coordination and information sharing are needed nationally, across Europe and across sectors. The committee also said risks to financial stability remain elevated because of cyber threats, geopolitical uncertainty, financial market vulnerabilities and concerns about sovereign debt sustainability, and it highlighted the rapid growth of private credit as an area needing closer monitoring and better data. The committee said advanced AI models can help but also allow existing vulnerabilities to be exploited faster, more cheaply and at greater scale. Through supply-chain dependencies, concentration risk and reliance on critical third parties, those risks can spread beyond individual firms to the financial system as a whole, with dependence on non-European technology and digital infrastructure adding to the concern. Financial institutions should adjust risk management to identify and remediate vulnerabilities earlier, and rapid recovery may require temporarily restricting or shutting down some systems or services, making it important to clarify in advance how such actions fit with expectations for continuous service availability. The committee endorsed similar warnings from the European Systemic Risk Board and the Authority for the Financial Markets, and said cyber resilience also depends on stronger crisis coordination and information sharing between the financial sector and other vital sectors such as energy and telecommunications. It added that the Dutch financial sector has solid buffers, but regulatory simplification should not weaken firms’ resilience or supervisors’ primary mandate. On private credit, the committee said nonbank financing can complement bank lending, but the market’s rapid growth, limited transparency and links to other parts of the financial sector create concerns. Existing reporting does not provide enough visibility on exposures, credit quality and interconnectedness, and because private credit has not yet been tested in a downturn it remains unclear whether it would absorb shocks or amplify them under stress. The committee’s next meeting is scheduled for Nov. 13, 2026.
De Nederlandsche Bank2026-07-07
De Nederlandsche Bank reports Financial Stability Committee urges stronger cyber coordination and better private credit data
De Nederlandsche Bank said the Dutch Financial Stability Committee has warned that advanced AI models are changing cyber risk and that financial institutions need to adapt their risk management and resilience. The committee also said financial stability risks remain high and called for stronger cross-sector cyber coordination and information sharing. It separately flagged rapid private credit growth and said better data are needed on exposures, credit quality and interconnectedness.