The Dutch Authority for the Financial Markets has published an update from the Financial Stability Committee's June 26, 2026 meeting that centers on the effect of advanced artificial intelligence models on cyber risk and financial stability. The committee said advanced AI is materially changing the cyber threat landscape and that financial institutions need to adapt their cyber resilience accordingly, alongside stronger coordination and information sharing across national, European and cross-sector frameworks. It also said risks to financial stability remain high, citing cyber threats, geopolitical uncertainty, market vulnerabilities and concerns about the sustainability of public finances in and beyond the euro area. Advanced AI models can make it faster, cheaper and easier to exploit existing vulnerabilities at scale, with chain dependencies, concentration risk and reliance on critical third parties creating channels through which incidents could affect the wider financial system. The committee said firms should adjust risk management to identify and remediate vulnerabilities more quickly and be prepared, where necessary, to temporarily limit or shut down systems or services to support recovery, while clarifying how that fits with expectations on the continuous availability of financial services. On private credit, it said rapid growth can complement bank lending but that limited transparency, links with other parts of the financial sector and the lack of testing through a downturn mean better data are needed on exposures, credit quality and interconnectedness. The committee also said the Dutch financial sector has solid buffers and that any simplification of regulation should not weaken resilience or undermine supervisors' primary mandates. Its next meeting is scheduled for Nov. 13, 2026.

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