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DNB warns of geopolitical risks to finance

The Dutch national bank warns of geopolitical risks to financial institutions, urging them to improve resilience and cooperation.

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Netherlands

GeopoliticsNetherlandsCybersecurityFinanceRegulationRisk

Dutch National Bank (Dnb)European Union (Eu)

Steven MaijoorDonald Trump

What is the purpose of the EU's Digital Operational Resilience Act?: The EU's Digital Operational Resilience Act, effective January 2024, aims to improve digital security by strengthening regulations for IT outsourcing contracts.
What does the DNB say about the future of the European financial system?: Europe needs to complete its banking and capital market union and establish Europe-wide supervision to maintain a robust and diverse financial system.
What are the main geopolitical risks identified by the Dutch national bank?: The Dutch national bank (DNB) has warned financial institutions about geopolitical risks, including protectionist economic policies and cyberattacks.
Why is the Netherlands considered particularly sensitive to geopolitical tensions?: The Netherlands' dependence on international trade makes it particularly vulnerable to geopolitical tensions, cyberattacks, and sanctions imposed on companies it has lent to.
What recommendations does the DNB provide to financial institutions to mitigate these risks?: The DNB recommends that banks, insurers, and pension funds enhance operational resilience and maintain sufficient financial buffers to withstand global events.

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