In this semi-annual publication, De Nederlandsche Bank outlines developments that could potentially affect financial stability in the Netherlands. We discuss the fact that vulnerabilities in the Dutch financial sector have increased again in the past six months due to high inflation, rising interest rates and the worsened economic outlook. Likewise, there is uncertainty about the further course of the war in Ukraine and its economic impact. Buffers within the Dutch financial sector are robust, but the resilience of financial institutions will be tested again in the period ahead.
The Financial Stability Report is originally issued in Dutch as Overzicht Financiële Stabiliteit.
Financial Stability Report - Autumn 2022
Cijferreeks Financial Stability Report - Autumn 2022 (Dutch Only)
Macroprudentiele indicatoren Financial Stability Report - Autumn 2022 (Dutch Only)
The rising importance of BigTechs in the financial sector may lead to radical changes in the financial landscape. While BigTechs are boosting innovation and driving efficiency in financial services, their increasing prominence may also lead to concentration risk.
Read more Rise of BigTechs in financial services sector requires adjustments in supervision
Dutch banks risk losses from coastal and river flooding through their loans to businesses. Flood measures such as dykes and storm surge barriers mitigate most of the risk, even as climate change increases flood risks. Without flood measures, expected losses would total more than €2.5 billion a year.
Read more Dutch banks' exposure to flood risks through corporate lending is limited
The market for Dutch green securitisations of residential mortgages and for green covered bonds more than tripled in size in 2023 compared to 2022, DNB figures show, reflecting investor demand for green investments.
Read more Sharp increase in green securitisations in 2023
Insurers in the Netherlands continued to sell direct investments in bonds in 2023, new figures from DNB show. For the fourth year in a row, insurers sold more bonds than they bought.
Read more Dutch insurers continue to invest less in bonds
