Publications DNB

Financial Stability Report - autumn 2020

Economic Developments and Outlook – December 2017

The half-yearly publication Economic Developments and Outlook highlights DNB's forecasts for the Dutch economy. They are placed against the backdrop of recent national and international developments.

Speech Olaf Sleijpen - “Effective investment in climate action: what can central banks do?”

In his address today Olaf Sleijpen emphasized that effective carbon pricing is absolutely key to unleashing green investment. ‘This is the one thing that make all the other things that we do, much more effective.’, he said.

Speech Inge van Dijk - “Experiences with PSD2 and open banking: what’s next?”

In her speech at the webinar ‘Fintech meets the Regulator’ DNB Division Director Inge van Dijk spoke about innovation in payments, the experiences with PSD2, and future developments. 

Opening Statement by Frank Elderson to the Economic and Monetary Affairs Committee of the European Parliament

In his opening statement in European Parliament at the formal hearing for the position of member of the Executive Board of the ECB, Frank Elderson spoke about the challenges facing the ECB and Europe, notably Covid-19 and the climate crisis, and about gender diversity.

Speech Klaas Knot - “Monetary policy in the face of the Corona pandemic”

At the UBS European Conference today Governor Knot spoke about the economic outlook as we have entered the second wave of the pandemic. Next, he drew lessons for the policy response based on crisis experiences.

Speech Klaas Knot - “On the right track: why is the Capital Markets Union important and how do we get there”

At the OMFIF-DNB Conference ‘Developing European Capital Markets’ governor Knot said the Capital Markets Union has clearly moved on from being a ‘nice to have’ to a ‘need to have’.

Speech Klaas Knot - “The ECB’s strategy review against the background of the Covid-19 crisis”

‘It is fiscal policy that has to be in the lead in mitigating the macro-economic consequences of this prolonged public health emergency. Efforts that monetary policy can support by keeping financing costs low for all borrowers.’ This was one of the messages governor Knot delivered at the Euro50 Group Videoconference. Knot spoke about the impact that COVID-19 will have on the ongoing ECB’s monetary strategy review.

Speech Frank Elderson - “Covid-19: A Digitalisation Boost and the Supervisory Response”

As the COVID-19 pandemic unfolded back in March of this year, suddenly hundreds of thousands of financial sector workers were working from home. From board members to secretaries, our homes became our new offices, Skype became our new meeting room. That was a major shock but we adapted quickly. IT systems that once took ages to implement were rolled out in a matter of weeks. Network capacity was stepped up in record time. Also, the trend from cash to digital payments accelerated. Just before the lockdown in mid-March, the Dutch used cash for 3 out of 10 retail payments. Now, they use it for only 2 out of 10 retail payments. That’s a huge drop in cash usage in only a few months’ time. In addition, we have seen a large increase in online payments.

Speech Klaas Knot - “Steps central banks can take on the road to a green recovery”

At a two-day digital conference organized by UBS, Klaas Knot explained the role central banks can play in aiming for a green recovery after the economic crisis, caused by the pandemic. Irrespective of the many unknowns, we should aim for a 1.5 degree economy when shaping this recovery, he said.