Mon, 08 Nov 2021 10:17:28 GMT Thu, 09 Apr 2026 12:00:00 GMT https://www.dnb.nl/en/ ‘Resilience isn’t abstract: it’s practical, tangible – and sometimes it fits right in your pocket,’ said Bas ter Weel in his opening address at DNB’s Retail Payments Research Conference 2026 on ‘Future-proof payments: innovative, resilient and inclusive’, on 9 April 2026. Thu, 09 Apr 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/resilient-payments-cash-card-connected/ New figures from DNB show that the composition of the Dutch securitisation market has changed significantly in recent years. Whereas this market previously offered mainly securitised residential mortgages, it now offers a much broader mix of loans. Wed, 08 Apr 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/securitisation-market-diversifies-residential-mortgages-lose-their-dominance/ Workers in the Netherlands say that, on average, they spend a fifth of their working hours on activities that are not part of their core tasks. Meetings and administrative duties take up the bulk of this time, particularly in education and the public sector. Thu, 02 Apr 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/in-a-tight-labour-market-workers-spend-a-lot-of-their-time-on-non-core-tasks/ Pension funds in the Netherlands increased their investment holdings in Europe in 2025 and reduced them in the United States, as revealed by new DNB figures. They also disposed of a relatively large volume of equities to rebalance their asset allocation following the rise in share prices in years. Tue, 31 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/dutch-pension-funds-invested-more-in-europe-in-2025-and-less-in-the-united-states/ Professor Marike Knoef will join the Supervisory Board of De Nederlandsche Bank from 1 April. Knoef has been appointed by Finance minister Eelco Heinen on behalf of the shareholder on the nomination of DNB’s Supervisory Board, for an initial four-year term. Mon, 30 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2026/marike-knoef-appointed-to-dnb-supervisory-board-from-1-april/ According to new figures from De Nederlandsche Bank (DNB), the total value of Dutch exports to the Middle East amounted to €47 billion in 2025, while imports totalled €21 billion. This means that the Netherlands’ trade with the region accounts for less than 5% of total Dutch imports and exports. Thu, 26 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/the-netherlands-has-limited-financial-ties-with-the-middle-east/ It is precisely in these uncertain times that we must strengthen the Dutch economy. And this requires a strong European Union that is more resilient and autonomous. Tue, 24 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2026/uncertain-times-call-for-a-strong-netherlands-and-a-strong-europe/ The war in the Middle East could cause inflation in the Netherlands to rise significantly, though less so than during the 2022 energy crisis. In a severe scenario, economic growth could slow down considerably. This is according to new calculations by De Nederlandsche Bank. Tue, 24 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/war-in-the-middle-east-the-impact-on-the-dutch-economy/ Payments should be secure and accessible for everyone, now and in the future. This requires extra effort in these times of geopolitical tensions and technological innovations. More choice is also essential, so that consumers, retailers and payment service providers have sufficient options for... Mon, 09 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/how-do-we-keep-the-payment-system-secure-and-future-proof-for-everyone/ De Nederlandsche Bank (DNB) aims to broaden the range of options in the payments landscape. Consumers, retailers and payment service providers should have sufficient options available to execute payments. Mon, 09 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2026/more-choice-essential-for-stronger-payment-systems/ On 26 February 2026, De Nederlandsche Bank (DNB) imposed an administrative fine of €10,125 on the investment firm BondAuction Europe B.V. (BondAuction) for repeatedly failing to maintain sufficient own funds. Fri, 06 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2026/fine-imposed-on-bondauction-europe-b-v-for-repeated-capital-shortfall/ Import tariffs seem like a reasonable way for a country to protect its economy. But do they really work in practice? How do import tariffs affect the economy of the country that imposes them and the countries that are subject to them, and how should a central bank respond? Thu, 05 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/what-do-tariffs-mean-for-the-economy-impact-of-import-tariffs-on-prices-trade-and-growth/ Being able to borrow more for a house sounds like a solution to the tight housing market. However, this would only mean higher house prices and more debt, especially among first-time buyers. Using a new monitor, we answer five questions on why adjusting lending standards is not a good idea. Tue, 03 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/relaxing-lending-standards-leads-to-more-debt-and-higher-house-prices/ ‘Financial stability is often taken for granted. But if you work at a central bank, you know how much effort it takes to maintain it, especially when circumstances deteriorate’ said Olaf Sleijpen in his speech at the annual Congress of the Financial Study Association Groningen today. Tue, 03 Mar 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/providing-stability-in-an-unstable-world-the-task-of-central-banks/ The number of counterfeit euro banknotes in the Netherlands is declining. A total of 17,900 counterfeit euro banknotes were withdrawn from circulation in the Netherlands in 2025, a 26% drop compared with 24,100 counterfeit notes in 2024. The €50 note was counterfeited most often. Fri, 27 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/decline-in-counterfeit-euro-banknotes-in-the-netherlands-continues/ Large international firms lend substantial sums to their Dutch subsidiaries, DNB figures reveal. Their financial holdings – known as captive financial institutions (CFIs) – had extended over €154 billion in loans to Dutch businesses at the end of the third quarter of 2025. Thu, 26 Feb 2026 08:05:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/multinationals-extend-loans-worth-over-150-billion-to-dutch-companies/ New research among more than 1,700 consumers shows that 71% are aware of the advice of the National Forum on the Payment System (NFPS) to hold €70 per adult and €30 per child in cash per household for emergencies. 58% of consumers actually keep this amount on hand. Wed, 25 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/majority-of-consumers-aware-of-advice-on-cash-for-emergencies/ De Nederlandsche Bank (DNB) is taking additional measures to prepare for potential consequences of geopolitical tensions. In 2025, a resilience programme was launched to identify the main geopolitical risks and decide on the appropriate strategy going forward. Tue, 24 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2026/dnb-strengthens-resilience-to-geopolitical-risks/ ‘Our role as a central bank may be modest, but we are fully committed to doing our part to support you‘, said Olaf Sleijpen in a panel meeting with students at the National Bank of Ukraine, in Kyiv last Thursday. Mon, 23 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/standing-with-ukraine-strengthening-europe-resilience-growth-and-stability/ Dutch households look back on a strong investment year despite considerable turbulence in the financial markets. Overall, the value of household portfolio investments rose by 7.8% in 2025, according to new figures from DNB. This brought total investments to €204.3 billion at year-end. Thu, 19 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/households-close-eventful-investment-year-on-a-positive-note/ On 17 February 2026, Olaf Sleijpen talked about economic resilience in an uncertain world and what this means for Europe and the Netherlands. He was invited by the University of Amsterdam’s Economics and Business department at its annual EB NEXT! event. Tue, 17 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/economic-resilience-in-an-uncertain-world/ The European Central Bank (ECB) kept the interest rate at 2% again in February. It has done so for five consecutive meetings, because inflation is stabilising around the 2% target, while the economy is growing steadily but still faces uncertainties. Thu, 12 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2026/why-the-ecb-has-kept-the-interest-rate-unchanged-at-2/ The Netherlands is set to spend more than €19 billion extra on defence on a structural basis. If we want to efficiently increase our military capacity with these additional billions, we need to look at where we have an edge over other European countries. Fri, 06 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/target-additional-defence-expenditure-for-greatest-strategic-benefit/ ‘Europe’s competitiveness is on everybody’s mind. And well-functioning capital markets are essential for this’, said Olaf Sleijpen in his opening address for the Annual Symposium of the Radboud University Financial Law Centre. Fri, 06 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/repairing-the-vending-machine-how-the-savings-and-investment-union-is-key-to-europe-s-future/ De Nederlandsche Bank N.V. (DNB) has imposed an order subject to penalty on IDSG Group B.V. (IDSG). This is because IDSG failed to fully comply with DNB’s demand for information. Thu, 05 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2026/order-subject-to-penalty-on-idsg-for-failing-to-comply-with-demand-for-information/ ‘Europe’s digital dependence runs like a fault line underneath our financial system. To protect this system from shocks, we need vault lines: strong structures and partnerships, built on shared values, that will reduce our digital dependence and strengthen the resilience of our financial sector. Tue, 03 Feb 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2026/europe-s-digital-autonomy-between-fault-lines-and-vault-lines/ In the fourth quarter of 2025, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the value of their liabilities decreased more than the value of their investments. Tue, 27 Jan 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2026/pension-sector-funding-ratio-improves-in-fourth-quarter/ De Nederlandsche Bank (DNB) decided on 29 January 2024 to withdraw the licence of Caleen Financial Services B.V. (CFS), a payment institution with offices in Tilburg, with effect from 5 April 2024. Wed, 21 Jan 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2026/caleen-financial-services-b-v-s-licence-withdrawn-for-failing-to-meet-statutory-obligations/ Crypto securities holdings by Dutch companies, institutions and households have skyrocketed in recent years, new figures from DNB show. Tue, 20 Jan 2026 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2026/value-of-dutch-indirect-crypto-investments-grows-to-over-1-billion/ The size of financial relations between the Netherlands and other countries has grown further this year, as revealed by new figures from De Nederlandsche Bank (DNB). Wed, 24 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/the-netherlands-remains-financially-closely-intertwined-with-other-countries/ The figures paint a remarkably positive picture: the Dutch economy is growing faster than expected. But where do we really stand, and what can the government do to address factors that are constraining further growth? Below, we discuss five figures from our Autumn Projections. Fri, 19 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/the-dutch-economy-in-five-figures-where-do-we-stand/ Growth in the Dutch economy is significantly higher this year than expected in the spring. Whereas economic growth for 2025 was estimated at 1.1% last June, it is now projected to be 1.7%. This is evident from the Autumn Projections, published today by De Nederlandsche Bank (DNB). Fri, 19 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/dutch-economy-shows-remarkably-higher-growth/ Professor Bas ter Weel will join the Executive Board of De Nederlandsche Bank (DNB) on 1 March 2026, taking responsibility for the Monetary Affairs portfolio. Ter Weel is currently the General Director of SEO Amsterdam Economics. Fri, 19 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/bas-ter-weel-to-join-dnb-executive-board/ Dutch pension funds, insurers, and investment funds now hold more than €200 billion in technology firm stocks, a significant portion of which is invested in major US tech giants. This is twice the amount recorded in 2020. Wed, 17 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/dutch-financial-institutions-invest-heavily-in-volatile-tech-stocks/ In the past two years, Dutch life insurers have taken over €7 billion in pension liabilities through so-called buy-outs, according to new figures from De Nederlandsche Bank (DNB). For pension funds, a buy-out serves as an alternative to transitioning to the new pension system under the Wtp. Tue, 16 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-insurers-acquire-7-billion-in-pension-fund-liabilities/ New figures from De Nederlandsche Bank (DNB) show that income from foreign direct investment and royalties channelled through the Netherlands to low-tax jurisdictions continued to fall in 2024. Mon, 15 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/corporate-profits-flowing-to-tax-havens-via-the-netherlands-continue-to-decline/ Dutch bank customers from the Silent Generation and the Baby Boom Generation assign even greater importance to a socially committed and sustainable bank than Millennial and Gen Z customers Wed, 10 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/older-bank-customers-have-greener-and-more-social-attitude-than-younger-generations/ Euro area banks have been financing fewer and fewer greenhouse gas emissions through their loans to European firms in recent years, as revealed by new figures from De Nederlandsche Bank (DNB) and the European Central Bank (ECB). Tue, 02 Dec 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/drop-in-carbon-emissions-from-european-bank-loans/ ‘If we manage to rise to the occasion, Europe could truly become an Innovation Union’, said Olaf Sleijpen at the Central Bank of Ireland Financial System Conference in Dublin today. Tue, 25 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/awakening-europe-s-inner-animal-building-a-resilient-and-innovative-economy/ On 11 February 2021, the Nederlandsche Bank (DNB) issued an instruction to trust office Pan-Invest B.V. (Pan-Invest) for shortcomings found in its systematic integrity risk analysis (SIRA) and customer due diligence. As this decision has become irrevocable, it is now being disclosed. Thu, 20 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/instruction-issued-to-trust-office-pan-invest-b-v-in-2021-for-shortcomings-identified-in-its-sira-and-customer-due-diligence/ ‘Strong institutions and regulations ensure that new technologies and products are not a highway to the next crisis, but can be a true engine for sustainable growth’, said Olaf Sleijpen at the Euro Finance Week dinner at the Bundesbank in Frankfurt today. Wed, 19 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/strengthening-europe-in-a-fragmented-world-integration-as-the-key-to-stability/ The third quarter of 2025 saw Dutch households’ portfolio investments surpass €200 billion for the first time, as revealed by the latest DNB figures. The growth can mainly be ascribed to rising stock prices. Wed, 19 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/household-investments-break-through-the-200-billion-mark-due-to-rising-stock-prices/ De Nederlandsche Bank (DNB) strives to be an organisation that is agile, decisive and efficient in carrying out its tasks. This is necessary in a world rife with geopolitical tensions and uncertainty, accompanied by risks to financial stability. Tue, 18 Nov 2025 16:13:58 GMT https://www.dnb.nl/en/general-news/press-release-2025/dnb-to-make-10-budget-cuts-in-coming-years/ Geopolitical tensions and global uncertainty about economic policy continue to amplify the likelihood of economic and financial shocks, posing significant risks to financial stability in the Netherlands. These developments are analysed in detail in the Financial Stability Report published today.  Mon, 17 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/financial-stability-outlook-remains-concerning/ More than half of Dutch households have trust in the financial sector, which is similar to last year. At the same time, concerns about the financial health of banks, insurers and pension funds are growing. This has emerged from a survey of more than 2,400 households conducted by DNB. Thu, 13 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/trust-in-dutch-financial-sector-solid-despite-growing-concern-about-health-of-institutions/ Collectively, the Netherlands is among the largest investors in Europe. Few other countries invest a greater proportion of their national wealth in stocks and bonds. But if we zoom in on Dutch households, something stands out: they actually invest comparatively little. Thu, 13 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/dutch-households-invest-less-than-european-average/ ‘Since monetary and fiscal policy inevitably interact, our responsibility to coordinate them grows with every new challenge we face,’ said Olaf Sleijpen in his opening remarks at the Annual Research Conference of De Nederlandsche Bank, on 11 November 2025. Tue, 11 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/with-great-power-comes-great-responsibility-the-case-for-policy-coordination/ In this article, we explain how much of this shared EU debt is attributable to the Netherlands, and why we will now include it in our assessment of Dutch public finances. Mon, 10 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/what-is-the-dutch-share-of-eu-debt/ Inflation in the Netherlands has been higher than in the euro area as a whole for some time. In October, Dutch inflation was 0.9 percentage points higher than the euro area average. What is behind this trend and what can be done about it? Thu, 06 Nov 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/why-dutch-inflation-is-higher-than-euro-area-inflation/ In the third quarter of 2025, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the value of their liabilities decreased, while the value of their investments went up. Tue, 28 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/pension-sector-funding-ratio-improves-in-third-quarter/ Banks, insurers, and pension funds increasingly rely on digital infrastructure to operate securely and efficiently. Tue, 28 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/entangled-in-tech-financial-institutions-and-their-digital-dependence/ Dutch pension funds are on the eve of the transition to a new pension contract. This shift affects not only pension fund members, but is also being closely monitored by investors. Wed, 22 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/new-pension-contract-implications-for-international-interest-rate-markets/ The Dutch financial sector faces increasing systemic risks stemming from its growing reliance on a limited number of non-European IT service providers. This is the key message of a joint report published today by the Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB). Mon, 20 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/afm-and-dnb-warn-of-systemic-risks-in-the-financial-sector-from-digital-dependence/ In his speech at the Cumberland Lodge Financial Service Summit today, Steven Maijoor urged banks to improve their risk management and not to release their provisions too soon in dealing with the Covid legacy. “Let’s not forget the unprecedented nature of what happened in the last 1.5 years. Mon, 20 Oct 2025 09:24:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-steven-maijoor-strong-like-a-castle-challenges-for-banking-in-a-post-covid-world/ The economic damage inflicted by the coronavirus (COVID-19) pandemic is of such severity that a deep, almost globe-spanning economic recession is unavoidable... Mon, 20 Oct 2025 09:23:44 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-expects-dutch-economy-to-face-deep-economic-recession-due-to-pandemic/ On 8 July, Klaas Knot spoke at the Forum Analysis on financing the transition to a net-zero society. He said that the bulk of the much needed investments will have to come from the private sector, but that there is a loud and clear sine qua non. Mon, 20 Oct 2025 09:23:31 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-on-financing-the-energy-transition/ Mon, 20 Oct 2025 09:22:34 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-nicole-stolk-the-journey-towards-a-data-driven-organisation/ The latest figures available from DNB show that the Dutch financial sector had a direct exposure to Russia of approximately €11.4 billion in the fourth quarter of 2021. Mon, 20 Oct 2025 09:21:45 GMT https://www.dnb.nl/en/general-news/news-2022/financial-sector-has-11-4-billion-exposure-to-russia/ In the second quarter of 2021, Dutch pension funds saw their financial position improve for the fifth consecutive quarter, as growth in their aggregate pension assets outstripped the increase in liabilities. Mon, 20 Oct 2025 09:21:03 GMT https://www.dnb.nl/en/general-news/news-2021/financial-position-of-dutch-pension-funds-improved-in-second-quarter-of-2021/ The European Banking Authority (EBA) and the European Central Bank (ECB) this evening published the results of the European banking stress tests carried out recently. Mon, 20 Oct 2025 09:20:40 GMT https://www.dnb.nl/en/general-news/press-releases-2021/stress-tests-show-resilience-of-european-banking-system/ In the first half of 2020 just over 15,700 counterfeit euro banknotes were withdrawn from circulation in the Netherlands. This was 23% less than in the first half of 2019. The decrease was most marked in the second quarter of 2020 (-47%) and can be attributed to the economic lockdown in the... Mon, 20 Oct 2025 09:20:23 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/euro-banknote-counterfeiting-fell-during-covid-19-crisis/ De Nederlandsche Bank (DNB) calls on stakeholders in the payment chain to make agreements to ensure that cash remains readily accessible and available in the Netherlands in the next five years. DNB announced this today after outgoing Minister of Finance Wopke Hoekstra had presented... Mon, 20 Oct 2025 09:20:11 GMT https://www.dnb.nl/en/general-news/press-releases-2021/dnb-calls-for-new-agreements-about-cash/ DNB launches its new sustainable finance strategy. Five questions about the impact on the economy, the financial sector and consumers. Mon, 20 Oct 2025 09:15:36 GMT https://www.dnb.nl/en/general-news/news-2021/five-questions-about-the-impact-of-the-new-sustainable-finance-strategy/ Our payment system relies heavily on non-European service providers, leaving us vulnerable. And that is why we are now seeking European solutions to address this problem. In her latest payment blog, Inge van Dijk discusses the workings of our payment system. Fri, 10 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/blog-2025/working-under-the-bonnet-of-our-payment-system/ ‘We are doing what we can as central banks to facilitate adoption of new technology. It is up to you in the private sector to demonstrate where it will be used.’, said Steven Maijoor at the OPTIC event of the Association for Financial Markets in Europe (AFME), in Amsterdam. Tue, 07 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/unlocking-europe-s-financial-potential-innovation-regulation-and-trust/ According to recent data published by De Nederlandsche Bank (DNB), lending via Dutch fintech platforms increased by €0.9 billion to a total of €4.4 billion in 2024, representing year-on-year growth of 27%. The majority of this financing was directed toward small and medium-sized enterprises (SMEs). Mon, 06 Oct 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/financing-by-dutch-fintechs-more-than-doubled-over-three-years/ ‘Good data, and good statistics based on that data, are key to making informed decisions in a complex world and a modern economy.’, said Olaf Sleijpen at the opening of the IFC Satellite Seminar on Sustainability data issues and central banks, in Amsterdam. Sat, 04 Oct 2025 09:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/counting-what-s-missing-building-sustainability-statistics-in-a-data-scarce-world/ In the first half of 2025, the total value of Dutch institutions’ holdings in foreign government bonds declined by €23 billion, according to new figures from De Nederlandsche Bank. The losses were primarily concentrated in government bonds issued by countries in Europe, driven by interest rates.  Tue, 23 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-institutions-suffered-losses-on-european-government-bonds-in-first-half-of-2025/ Inflation in the Netherlands has been higher than in the euro area as a whole for some time. Yet this inflation differential has hardly led to more balanced economic conditions. Wed, 03 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/inflation-differential-with-euro-area-calls-for-structural-solutions/ On 27 May 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €2,250,000 on Aux Cayes Fintech Co. Ltd. (Aux Cayes), operating under the trade name 'OKX'. Wed, 03 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fine-for-aux-cayes-fintech-co-ltd-for-offering-crypto-services-in-the-netherlands-without-the-legally-required-registration-from-july-2023-to-august-2024/ If you think prices will rise, then there is a good chance they will. A look into the world of inflation expectations and why they play such a major role in our economy. Mon, 01 Sep 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/how-inflation-expectations-affect-households/ Everyone feels the effects of inflation differently. How you deal with inflation depends partly on your wages, assets and debt. We explain below. Fri, 29 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/what-is-the-impact-of-inflation-on-wages-assets-and-debt/ Merchants in the Netherlands are showing interest in the possibilities of an 'offline' digital euro, a payment method that can still be used when there is no electricity or internet connection. However, one key condition stands out: the costs associated with using the digital euro must remain low. Thu, 28 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/merchants-see-potential-in-an-offline-digital-euro/ How hard you are hit by inflation depends a lot on your spending patterns. But also on how much you can change your spending habits and what proportion of your income you spend on fixed expenses. Lower-income households are hit harder by inflation than groups that earn more. Why is that? Mon, 25 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/how-inflation-affects-households-differently/ De Nederlandsche Bank (DNB) on 6 May 2025 imposed an administrative fine of €2.6 million on bunq B.V. (bunq) for serious deficiencies in its anti-money laundering controls during the period under review, from January 2021 to May 2022. Mon, 25 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fine-for-bunq-b-v-for-insufficient-customer-due-diligence/ Dutch households are investing more and more in defence companies, new figures from DNB show. Germany’s Rheinmetall has become particularly popular. In Q2 of 2025, it became the first defence contractor to be among the top 25 companies in which households invest directly. Tue, 19 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/investing-in-defence-companies-more-popular-among-households/ There is growing demand worldwide for accurate, comparable, and verifiable primary emissions data at the product-level. Thu, 14 Aug 2025 16:21:40 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/international-working-conference-building-a-primary-product-level-emissions-data-platform/ Mortgage lending by banks in the Netherlands is growing robustly again after a temporary downturn, new figures from DNB show. Growth is even above the euro area average. Loans with fixed-interest periods of five to ten years in particular are in demand. Mon, 04 Aug 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/banks-are-lending-more-for-residential-mortgage-loans/ In the second quarter of 2025, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the value of their liabilities decreased, while the value of their investments went up. Tue, 29 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/pension-sector-funding-ratio-improves-in-second-quarter/ For the first time in more than a year, the ECB did not lower its key interest rate but kept it unchanged at 2%. Does this mean inflation is under control? Or are there other factors at play, and is the ECB just taking a breather? A look at some of the ECB's considerations. Fri, 25 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/why-the-ecb-has-kept-its-interest-rates-unchanged/ How much do Dutch people save? How do pension funds invest their money? And what would happen to the economy if we all went on holiday at the same time? Our statistics help answer these questions – and more. In our articles, we go beyond the numbers to explain what they mean. Tue, 08 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/tell-us-what-you-think-how-can-we-make-our-data-more-relevant-to-you/ New figures from DNB show that the Dutch used their debit or credit cards to pay for €198 billion worth of products and services in 2024. This represents a 15% increase from 2022. Although point-of-sale card payments still far outnumber them, online card payments in particular are on the rise. Fri, 04 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/card-payments-further-up-especially-online/ Lower-income households spend a higher proportion of their income on energy. To help these households, targeted government support is more effective than generic compensation for increased costs. This was revealed in a new study conducted by De Nederlandsche Bank (DNB). Thu, 03 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/energy-inflation-hits-low-income-households-harder/ On 5 August 2024, DNB imposed an order subject to penalty on Peken Global Limited (PGL), operating under the trade name ‘KuCoin’. The order subject to penalty was imposed because PGL provided crypto services in the Netherlands without registration with DNB, which is against the law. Tue, 01 Jul 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/order-subject-to-penalty-for-peken-global-limited-for-offering-crypto-services-in-the-netherlands-without-the-legally-required-registration/ Two times seven years. This is the maximum. And that is why Klaas Knot is now handing over the presidential baton to his successor, Olaf Sleijpen. Olaf will be leading a central bank that has changed considerably since Klaas started – just like the world around it. Mon, 30 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/klaas-knot-14-years-in-14-figures-and-5-videos/ In the first quarter, the current account balance was 9,9% of GDP, almost the same as last year. Despite rising geopolitical tensions, imports and exports of goods and services increased. Tue, 24 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/current-account-balance-remains-high/ Dutch people are still strongly attached to cash as a payment option. This is according to a survey commissioned by De Nederlandsche Bank. An overwhelming majority of respondents (92%) say that being able to pay with cash is socially important. Thu, 19 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/the-dutch-support-cash-regardless-of-whether-they-use-it/ ‘CCP’s are almost by nature global institutions that thrive on global cooperation and multilateralism. The more the industry can do by itself in order to improve the robustness and transparency of its activities, the better’, said Olaf Sleijpen at the annual meeting of central counterparties Thu, 19 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/central-counterparties-central-to-protecting-financial-stability/ On 14 May 2024, De Nederlandsche Bank (DNB) issued an instruction to trust offices ABiLiTieS Trust B.V. and The Netherlands Trust Services B.V. (Abilities and NTS) for shortcomings found in their systematic integrity risk analysis (SIRA) and the customer due diligence. Thu, 19 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/instruction-issued-to-trust-offices-abilities-trust-b-v-and-the-netherlands-trust-services-b-v-for-shortcomings-in-their-sira-and-customer-due-diligence/ On 10 June 2025, De Nederlandsche Bank (DNB) imposed a €15 million fine on ABN AMRO Bank N.V. (ABN AMRO) for non-compliance with the bonus ban. Thu, 19 Jun 2025 08:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fine-for-abn-amro-bank-n-v-for-non-compliance-with-bonus-ban/ The Dutch remain confident in the euro, even in times of economic uncertainty. This is according to a recently published survey by Eurobarometer, the European Commission’s survey instrument. It also shows that support for the single currency in the euro area is at its highest level on record. Wed, 18 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/dutch-public-are-positive-about-the-euro/ ‘Financial stability affects households, businesses, governments—and ultimately, the trust that underpins our economies’, said Olaf Sleijpen at the opening of the 9th Macroprudential Conference, at DNB in Amsterdam today. Wed, 18 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/financial-stability-it-s-not-glamorous-but-it-matters/ In the first quarter of 2025, the total value of Dutch pension funds' investments went down €54 billion (-3%), new figures from DNB show. In foreign investments, negative exchange rate movements in particular contributed to the losses Tue, 17 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/weaker-us-dollar-hits-pension-funds-harder-than-falling-stock-prices/ Olaf Sleijpen will become the new president of De Nederlandsche Bank (DNB) from 1 July 2025. On the recommendation of DNB’s Supervisory Board, Minister of Finance Eelco Heinen on Friday nominated Olaf Sleijpen for appointment by Royal Decree. Fri, 13 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/olaf-sleijpen-new-president-of-de-nederlandsche-bank/ ‘A license from a respected regulator helps your business build trust with customers, investors, and partners.’, said Gita Salden at the conference ‘FinTech meets the regulators’ at DNB, Amsterdam, today. Thu, 12 Jun 2025 14:34:12 GMT https://www.dnb.nl/en/general-news/speech-2025/innovation-we-can-trust-the-role-of-dnb-in-regulating-fintechs/ ‘Financial stability affects households, businesses, governments—and ultimately, the trust that underpins our economies.’, said Klaas Knot at a Financial Stability conference at Banco de España today. Thu, 12 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/how-is-the-water-continuing-our-work-to-preserve-financial-stability/ On 14 May 2024, De Nederlandsche Bank (DNB) issued an instruction to trust office DTS Dutch Trust Services B.V. (DTS) for shortcomings found in its systematic integrity risk analysis (SIRA) and customer due diligence. At DTS’s request Wed, 11 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/instruction-issued-to-trust-office-dts-dutch-trust-services-b-v-for-shortcomings-identified-in-its-sira-and-customer-due-diligence/ De Nederlandsche Bank (DNB) issued an instruction to Erez Corporate Service B.V. (Erez) on 3 June 2021 Tue, 10 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/instruction-for-erez-corporate-service-b-v-for-various-shortcomings-in-performing-its-gatekeeper-role/ ‘A fundamental principle that guides the FSB’s work is that we do not pick winners. Our focus is on ensuring that innovation develops safely and responsibly, within the boundaries of our public policy objectives.’, said Klaas Knot today at the G30 plenary meeting in Berlin. Sat, 07 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/remarks-for-the-93rd-g30-plenary-in-berlin-7-june-2025/ The Dutch economy is set to grow by 1.1% in 2025. Uncertainty and trade tensions will continue to mute economic growth at around 1% a year for the following two years. This is according to the Spring Projections as published by De Nederlandsche Bank (DNB) on Friday. Fri, 06 Jun 2025 13:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/uncertainty-and-trade-tensions-weigh-on-economic-growth/ The Dutch housing market is tight, making houses difficult to afford. While more houses are needed, high land prices and other obstacles are hindering new construction. Mon, 02 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/development-impact-fees-what-difference-could-they-make/ ‘ The importance of the BREEAM and WELL certificates reaches further than just this building. It shows that sustainable construction in the Netherlands is feasible, affordable and formidable.’, said Klaas Knot in Amsterdam today. Mon, 02 Jun 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/off-the-beaten-path-what-we-learned-during-the-renovation-at-frederiksplein/ De Nederlandsche Bank (DNB) on 18 October 2023 decided to withdraw the licences of B.V. Suri-Change (SC), a money exchange and payment institution with offices in Rotterdam, The Hague and Amsterdam. Fri, 30 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/suri-change-licences-withdrawn-for-failure-to-meet-statutory-obligations/ ‘There is no trade-off between financial stability and economic growth. Rather, financial stability is a necessary precondition for sustainable economic growth.’, said Klaas Knot in his opening address for the SSM Round Table, in Amsterdam today. Tue, 27 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/banking-on-buffers-why-we-need-resilience-in-times-of-uncertainty/ Recent years have seen Dutch banks lend more to domestic businesses, following a period in which growth in corporate lending lagged behind the euro area average. This is according to new figures from DNB which are discussed in the Dutch economists’ journal ESB today. Tue, 27 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-corporate-bank-lending-picks-up/ ‘The complex challenges we face every day - climate risks, the digital transformation, and geopolitical tensions - demand a rainbow of opinions, insights, and perspectives.’, said Klaas Knot during the ‘Talent to the Top’ event at DNB in Amsterdam today. He spoke there about DNB’s diversity policy. Mon, 26 May 2025 09:54:17 GMT https://www.dnb.nl/en/general-news/speech-2025/talent-is-worth-its-weight-in-gold/ ‘If we do not live up to the standards we impose on others, we lose all authority.’, said Olaf Sleijpen at an international conference of central bank internal auditors at DNB, Amsterdam. He spoke about the importance of internal auditing for central banks and what it takes to be a good auditor. Fri, 23 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/tough-love-the-importance-of-the-internal-audit-function-for-central-banks/ Based on a broader definition of investment income, the average Dutch current account surplus for the period 2021-2023 falls from 8.8% to 7.5%. This has emerged from an analysis conducted by DNB. The broader definition is in line with a recent International Monetary Fund (IMF) recommendation. Thu, 22 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/broader-definition-of-income-leads-to-lower-current-account-surplus/ In the first quarter of 2025, the value of Dutch households’ portfolio investments fell slightly, as revealed by the latest DNB figures. At the end of March, the value of investments stood at €188.9 billion, compared to €189.7 billion in the previous quarter (-0.4%, revised figures). Wed, 21 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/value-of-dutch-households-investments-falls-slightly-in-first-quarter-of-2025-relatively-high-losses-in-tech-stocks/ Consumers and retailers should be prepared for emergency situations in which the payment system is down for 72 hours. That could be the case if payment terminals are not working, ATMs are down or online banking cannot be used. Tue, 20 May 2025 16:00:56 GMT https://www.dnb.nl/en/general-news/press-release-2025/nfps-advice-prepare-for-a-three-day-disruption-of-electronic-payments/ The outlook for financial stability in the Netherlands has deteriorated due to geopolitical tensions and high economic uncertainty. In particular, uncertainty around trade, international cooperation and government budgets has risen sharply in recent months. Tue, 20 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/global-economic-uncertainty-leads-to-higher-financial-stability-risks/ De Nederlandsche Bank (DNB) issued an instruction to IQ EQ Netherlands N.V. (IQ EQ) on 5 March 2024 following an investigation in 2023, for failing to carry out sufficient customer due diligence. Tue, 20 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/instruction-for-iq-eq-netherlands-n-v-for-insufficient-customer-due-diligence/ ‘We have to ensure that human uniqueness is not just tolerated, but treasured in our financial institutions.’, said Klaas Knot today at the International Diversity and Inclusion Conference at DNB, Amsterdam. Thu, 15 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/a-true-treasure-why-we-need-diversity-and-inclusion-in-the-financial-industry/ ‘To keep financial institutions and the financial system safe, resilience against cyberattacks has become just as important as holding sufficient capital and liquidity.’, said Steven Maijoor at the ISDA Annual General Meeting in Amsterdam today. Wed, 14 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/a-race-we-cannot-afford-to-lose-cybersecurity-in-an-age-of-geopolitical-tensions/ The number of ‘PIN only’ points of sale has increased slightly from 4.5% in 2023 to 4.8% in 2024. The increase is most noticeable in the larger cities, and particularly at pharmacies and cinemas. Mon, 12 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/cash-acceptance-in-the-netherlands-slightly-down/ Trade conflicts and geopolitical tensions are resulting in historically high economic uncertainty worldwide. While much of the uncertainty originates abroad, its implications are also felt here in the Netherlands. Thu, 08 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/how-uncertainty-can-slow-down-the-dutch-economy/ In contrast to the general labour productivity growth trend in the Dutch economy, which has exhibited a marked deceleration, labour productivity growth in the market sector has demonstrated notable stability over the course of several years.   Fri, 02 May 2025 12:11:04 GMT https://www.dnb.nl/en/general-news/news-2025/productivity-growth-remains-remarkably-stable-in-much-of-the-dutch-business-sector/ On 2 April, President Trump’s announcement of "reciprocal tariffs" sent a shockwave through the global trading system and financial markets. If these exceptionally high tariffs are actually implemented, they would affect the Dutch economy mainly through a decline in global trade. Thu, 01 May 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/how-the-us-tariffs-can-harm-the-dutch-economy/ In the first quarter of 2025, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the value of their liabilities decreased more than the value of their investments. Total investments decreased by 5.8% to €1,589 billion... Tue, 29 Apr 2025 12:41:53 GMT https://www.dnb.nl/en/general-news/news-2025/pension-sector-funding-ratio-improves-in-first-quarter/ ‘A more widespread use of the euro would be a good thing for Europeans.’, said Klaas Knot in his speech at the Peterson Institute in Washington today. He spoke about what the current economic situation means for the ECB’s monetary policy and for the international use of the euro. Wed, 23 Apr 2025 18:06:14 GMT https://www.dnb.nl/en/general-news/speech-2025/agnostic-or-preaching-the-gospel/ Unknown does not necessarily mean unloved. DNB research shows that a majority of Dutch people would consider using the digital euro, should this digital counterpart to cash become available in the future. Tue, 15 Apr 2025 10:24:15 GMT https://www.dnb.nl/en/general-news/news-2025/majority-of-dutch-people-willing-to-use-digital-euro/ ‘Multilateralism is enlightened self-interest. It’s transactional, but in a smart way. It’s not always the easiest way, but in the long term it is the best way. That is the lesson we learned in post-war Europe.’, said Klaas Knot in his speech at Eurofi in Warsaw today. Fri, 11 Apr 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/stating-the-obvious-a-central-bankers-perspective-on-resilience-in-times-of-uncertainty/ On 9 April 2025 together with Bruegel we are organising a conference on Globalisation and geo-economic fragmentation. Tue, 08 Apr 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/conference-on-globalisation-and-geo-economic-fragmentation-follow-via-livestream-on-9-april/ After almost two decades of contraction, outstanding Dutch securitisations sold to investors increased substantially in 2024, new figures from DNB show. Net growth was €3.1 billion (12%) to €29.2 billion, still considerably less than 20 years ago. Tue, 08 Apr 2025 08:00:27 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/significant-growth-in-securitisations-in-2024-after-years-of-contraction/ ‘When politicians start to drift, independent experts, like in the IAASB, IASB and the Basel Committee, must stand firm. We need to continue explaining the advantages for countries to play by the rules, even if others don’t. Fri, 04 Apr 2025 09:15:24 GMT https://www.dnb.nl/en/general-news/speech-2025/standing-our-ground-auditors-and-supervisors-in-the-world-of-geopolitics/ From zinc smelters to asphalt producers, and from food producers to refineries – energy and emissions costs are determining factors for the output of much of Dutch industry. Thu, 03 Apr 2025 14:49:33 GMT https://www.dnb.nl/en/general-news/news-2025/dnb-studies-industry-resilience-to-cost-increases/ De Nederlandsche Bank (DNB) imposed an administrative fine of €530.450,- on trust office Amicorp Netherlands B.V. (Amicorp) on 25 March 2025. The fine was imposed because the customer due diligence carried out by Amicorp did not meet the legal requirements. Wed, 02 Apr 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fine-for-trust-office-amicorp-for-insufficient-customer-due-diligence/ The share of debit transactions in total payments at the checkout remained unchanged at 80% in 2024, but there are notable outliers among certain age groups. Tue, 01 Apr 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/younger-and-older-people-in-particular-are-more-likely-to-pay-by-debit-transaction/ De Nederlandsche Bank (DNB) on 30 July 2024 prohibited a proposed collective value transfer of Stichting Pensioenfonds Trespa in liquidation (Trespa). In this news release, we explain how we came to this decision. Mon, 31 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/ban-on-value-transfer-for-pension-fund-trespa-due-to-a-disproportionate-balance-of-interests/ Today, De Nederlandsche Bank publishes ‘Resilience in turbulent times’, a study on the potential impact of geopolitical risks on financial institutions. DNB economist Maurice Doll co-wrote the study and talks about its main findings. Mon, 31 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/european-cooperation-essential-to-confront-geopolitical-risks/ The United States has been the largest net international investor in the Netherlands for years, balance of payments figures from DNB show. This is due to investments by US multinationals in Dutch subsidiaries. Much of these investments flow out of the Netherlands to business units in other countries Wed, 26 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/united-states-largest-international-investor-in-the-netherlands/ We are facing geopolitical instability with the threat of a global trade war on top of a war in Ukraine that has been raging for three years. The world has been turned upside down again in recent weeks. Understandably, this has led to high levels of anxiety and uncertainty among citizens. Thu, 20 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/robust-policies-in-an-uncertain-world/ ‘We in the Netherlands have little influence on many of the developments currently taking place in the world. But we can do one thing. And that is to work to mitigate the economic consequences and perhaps seize new opportunities.’ Klaas Knot said this at the presentation of DNB’s 2024 Annual Report. Thu, 20 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/introductory-remarks-upon-the-presentation-of-the-2024-annual-report/ Dutch firms, institutions and households collectively held nearly €3,500 billion worth of securities as at year-end 2024. This is according to new figures DNB today released for the first time. From now on, DNB charts the securities holdings of the overall Dutch economy. Mon, 17 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-portfolio-investments-total-nearly-3-500-billion/ While inflation in the euro area is heading towards the 2% target over the course of this year, inflation in the Netherlands remains persistently higher than expected. In our new analysis, we show that the impact on inflation varies for each policy measure and depends on the state of the economy. Tue, 11 Mar 2025 09:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/the-impact-of-government-policies-on-inflation/ Dutch pension funds invest structurally less in European companies than in US companies, DNB figures reveal. At the end of 2024, invested assets in European (EU) non-financial corporations amounted to €97 billion, compared to €293 billion in US counterparts. Tue, 11 Mar 2025 09:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-pension-funds-invest-more-in-us-companies-than-in-european-companies/ De Nieuwe Schatkamer is located on three floors of the Amsterdam headquarters of De Nederlandsche Bank (DNB). Anyone interested in learning about gold, money or the economy is welcome. Mon, 03 Mar 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/de-nieuwe-schatkamer-is-open/ On 26 March, His Majesty King Willem-Alexander will perform the official opening ceremony together with the President of De Nederlandsche Bank, Klaas Knot, in the presence of some 350 invited guests. Thu, 27 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2025/dnb-headquarters-officially-opened-by-king-willem-alexander-on-26-march/ Chris Figee will join the Supervisory Board of De Nederlandsche Bank from 1 March. Figee has been appointed by Finance minister Eelco Heinen on behalf of the shareholder on the nomination of DNB’s Supervisory Board, for an initial four-year term. Wed, 19 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/chris-figee-appointed-to-dnb-supervisory-board-from-1-march/ King Willem-Alexander has appointed Professor Paul Hilbers as Commander of the Order of Orange-Nassau for his services to society. On Friday, 14 February, the Dutch Minister of Finance Eelco Heinen appointed him with the royal decoration. Tue, 18 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/royal-honour-for-paul-hilbers/ In the fourth quarter of 2024, Dutch households’ portfolio investments reached a new record high of €192.4 billion, as revealed by the latest DNB figures. The increase is entirely due to rising stock market prices, as households also sold a significant amount of their securities holdings. Tue, 18 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/households-with-investments-close-2024-with-record-securities-holdings/ ‘What we need now is for governments, central banks and academia to continue to speak out for the international financial rules-based order that has brought us stability and prosperity over the decades.’, said Klaas Knot at Nyenrode Business University today. Fri, 14 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/the-case-for-international-monetary-diplomacy/ ‘Our task as central bankers is to try to limit the economic cost of the current global political climate. […] By pointing to the economic and social costs of protectionist policies. Fri, 14 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/dealing-with-geo-economic-fragmentation/ ‘The modernization of payment systems has cross-border implications and presents both significant opportunities and notable risks. As we embrace these innovations, we must remain vigilant and proactive in managing the associated risks to ensure the stability and resilience of our financial systems.’ Thu, 06 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/cross-border-implications-of-the-modernization-of-payment-systems/ What if a large scale state-sponsored cyberattack is launched on the financial sector of an EU member state? How much damage would it cause? How long would it take to recover? In his speech at the Annual FinTech and Regulation Conference in Brussels today, Steven Maijoor addressed these questions. Tue, 04 Feb 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/cyber-resilience-in-an-age-of-geopolitical-tensions/ In the first Klaas Knot Lecture on international economic policy, initiated by the University of Groningen, Klaas Knot said ‘we should aim to design our policy choices in such a way that they are robust across different outcomes, rather than focusing on only one scenario’. Fri, 31 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2025/from-frankfurt-with-love-14-years-on-the-ecb-s-governing-council/ On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €5 million on de Volksbank N.V. (de Volksbank) for serious shortcomings in its anti-money laundering controls. Thu, 30 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fine-for-de-volksbank-n-v-for-deficient-anti-money-laundering-controls/ On 22 January 2025, De Nederlandsche Bank (DNB) imposed an administrative fine of €15 million on de Volksbank N.V. (de Volksbank). The fine was imposed because, at least during the period under review, between 2018 and 2023... Thu, 30 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/administrative-fine-for-de-volksbank-n-v-for-failure-to-ensure-sound-business-operations/ On 22 January 2025, De Nederlandsche Bank (DNB) imposed two administrative fines on de Volksbank. One amounts to €15 million for failing to ensure the sound conduct of business operations. The other, of €5 million, was imposed for deficient anti-money laundering controls. Thu, 30 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2025/fines-totalling-20-million-imposed-on-de-volksbank/ Dutch households again saved a lot of money in 2024, new figures from DNB show. Together, they held a record amount of €600.5 billion in payment and savings accounts at the end of December 2024. Thu, 30 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2025/dutch-households-keep-saving-more-than-600-billion-in-bank-accounts/ In the fourth quarter of 2024, Dutch pension funds saw their funding ratios decline relative to the third quarter, as the value of their liabilities increased more than the value of their investments. Tue, 28 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/average-funding-ratio-of-dutch-pension-sector-declined/ From October 2014 to mid-2022, the Eurosystem purchased government and corporate bonds to boost inflation. Also known among economists as Quantitative Easing (QE), the asset purchase programme was set up when policy rates could not be lowered further. Wed, 22 Jan 2025 15:43:09 GMT https://www.dnb.nl/en/general-news/background-2025/ecb-has-stopped-reinvestments-in-maturing-bonds/ The prices of services in the Netherlands are rising faster than the prices of goods. This trend was temporarily broken during the COVID pandemic due to supply chain issues, as revealed by new DNB figures. Tue, 21 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2025/relative-price-of-services-recovers-after-pandemic/ Digital payments are on the rise in the euro area, but cash was still the payment instrument used most often at points of sale (POS) in 2024. More than half (52%) of all POS transactions were paid in cash in 2024. Tue, 21 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/cash-remains-a-key-payment-method-in-europe-but-its-share-continues-to-decline/ De Nederlandsche Bank (DNB) and Across The Isles (ATI) have decided to end their cooperation on the 'Across the Seas' project on Bonaire, following extensive mutual consultations in recent weeks. Mon, 20 Jan 2025 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2025/dnb-and-ati-end-cooperation-on-bonaire/ Employees of De Nederlandsche Bank will return to the headquarters building on Frederiksplein in Amsterdam on 6 January 2025. Nearly five years of renovation work have resulted in a building that is ready for the future, sustainable and open for all. Sat, 04 Jan 2025 09:00:45 GMT https://www.dnb.nl/en/general-news/news-2025/dnb-returns-to-renewed-and-open-headoffice/ The negative balance in the goods trade with the United States has weakened in recent quarters after rising sharply since 2021, as revealed by new DNB balance of payments figures. In the third quarter of 2024, the balance was € -3.7 billion. Tue, 24 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/import-surplus-in-goods-trade-with-us-shrinks/ The volume of financing provided through fintech platforms operated by non-bank parties has almost doubled in two years, according to new global research by DNB and the Financial Stability Board (FSB). In the Netherlands, this type of lending amounted to €2.3 billion by the end of 2023. Wed, 18 Dec 2024 07:33:20 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/financing-through-fintechs-nearly-doubled/ Geopolitical shocks have a significant impact on the solvency of Dutch and European insurers. This has emerged from a stress test published by the European Insurance and Occupational Pensions Authority (EIOPA) on 17 December 2024. Tue, 17 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/geopolitical-shocks-have-a-significant-impact-on-the-solvency-of-dutch-and-european-insurers/ In the Netherlands, economic growth is set to accelerate in the coming years, but geopolitical uncertainty is increasingly threatening the Dutch economy. In addition, at 3%, inflation in the Netherlands will remain higher than in the euro area in the years ahead. Fri, 13 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/economic-growth-continues-uncertainty-increases/ Income from foreign direct investment in the Netherlands flowing to low-tax jurisdictions has declined structurally since 2020, new figures from DNB show. Income flows with other countries remained more stable over the same period. Wed, 11 Dec 2024 10:01:39 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/income-flowing-to-tax-havens-through-the-netherlands-structurally-down/ Dutch mortgage funds received €2 billion in new investments from institutional investors such as pension funds and insurers in the first three quarters of 2024, DNB figures show. This is less than in previous years and can be attributed to market interest rates having risen sharply during 2022. Fri, 06 Dec 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/investor-interest-in-dutch-mortgage-funds-continues-to-decline/ ‘With phronesis – practical wisdom. That is how the Eurosystem operates,’ said Klaas Knot on 28 November, at the Euro50 Group’s 25th anniversary. He illustrated this with three examples: the ECB's balance sheet policy, the change in the neutral interest rate (r*) and recent supply shocks. Thu, 28 Nov 2024 14:50:27 GMT https://www.dnb.nl/en/general-news/speech-2024/on-phronesis-and-price-stability/ On 21 December 2023, De Nederlandsche Bank (DNB) issued an instruction to Stichting Pensioenfonds PostNL because the pension fund had agreed to reduce a claim of around €80 million on the employer, PostNL N.V., to around €60 million. Tue, 26 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/dnb-issues-instruction-to-stichting-pensioenfonds-postnl-for-transferring-assets-to-employer-in-violation-of-statutory-conditions/ On 7 November, Klaas Knot was a guest at Room for Discussion, the interview programme of students from the University of Amsterdam. How does Knot experience the challenges in the field of monetary policy? How do you balance economic growth, financial stability and the fight against inflation? Mon, 25 Nov 2024 10:36:18 GMT https://www.dnb.nl/en/general-news/media-2024/klaas-knot-at-room-for-discussion-students-uva/ ‘The long-term cost of dealing with the consequences of climate change, if we do nothing or too little, far outweighs the short-term cost of an orderly and timely transition.’, said Olaf Sleijpen at the Green Finance Symposium at Tilburg University. Thu, 21 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/when-economists-agree-the-role-of-central-banks-in-the-green-transition/ ‘Geopolitical tensions can slow down economic growth, increase trade costs, and, most important for central bankers, lead to higher inflation,’ said Klaas Knot at DNB’s Annual Research Conference in Amsterdam, on 21 November 2024. Thu, 21 Nov 2024 09:01:55 GMT https://www.dnb.nl/en/general-news/speech-2024/geopolitics-and-economics-a-high-traffic-intersection/ ‘Strategic autonomy in retail payments means there also needs to be a European option, where Europe can independently manage its payments ecosystem.’, said Olaf Sleijpen at the annual conference of the European Payment Institutions Federation (EPIF) in Brussels today. Wed, 20 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/from-ding-dong-to-bleep-bleep-promoting-innovative-retail-payments-markets-in-a-fragmented-world/ In the third quarter of 2024, portfolio investments of Dutch households reached a new record level of €190.4 billion, new figures from DNB show. This is around 2% up from the previous all-time high recorded in the preceding quarter. Tue, 19 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/household-portfolio-investments-reach-another-all-time-high-in-third-quarter-of-2024/ ‘Given the growing cyber risks, we must continue our work to reduce the probability of cyberattacks while simultaneously boosting our resilience against their potential impact.’, said Olaf Sleijpen at the IIF International Accounting and Reporting Forum. Tue, 12 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/risks-to-financial-stability-in-autumn-2024/ The heightened international tensions can have an impact on financial institutions, according to De Nederlandsche Bank (DNB) in its supervisory strategy for 2025-2028 and in a study on the impact of geopolitical risks on financial institutions. Mon, 11 Nov 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/growing-geopolitical-risks-impact-financial-sector/ ‘If we are to live up to the high standards we set for ourselves, we need rules, but first and foremost we need an ethical culture.’ said Klaas Knot in his speech at the DNB Ethics and Compliance Conference. He spoke about promoting an ethical culture in central banks and supervisory authorities. Thu, 07 Nov 2024 09:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/beyond-the-rules-promoting-an-ethical-culture-in-central-banks-and-supervisory-authorities/ On 22 October 2024, De Nederlandsche Bank (DNB) imposed an administrative fine of €2,250,000 on Bybit Fintech Limited (Bybit). The fine was imposed because Bybit provided crypto services in the Netherlands without the legally required registration with DNB, which is against the law. Wed, 30 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/fine-for-bybit-fintech-limited-for-offering-crypto-services-in-the-netherlands-without-the-legally-required-registration-until-september-2023/ ‘While macro indicators point to a soft landing, we do not foresee a recession in the euro area. Also, the financial sector is resilient and inflation is getting close to target.’, said Klaas Knot at the G30 International Banking Seminar. Sat, 26 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/partly-cloudy-skies-in-the-euro-area-with-a-silver-lining/ Speaking at the Bloomberg Global Regulatory Forum held in New York on 22 October 2024, Klaas Knot looked back at the 2009 G20 in Pittsburgh and the measures taken since then to combat the financial crisis and strengthen the global financial system. Tue, 22 Oct 2024 15:05:00 GMT https://www.dnb.nl/en/general-news/speech-2024/strengthening-financial-resilience-lessons-from-pittsburgh/ Financial stability in the Netherlands has been buoyed in recent months by an improving economy and upbeat sentiment in financial markets, following a brief period of turbulence in the summer. Steadily falling inflation in the euro area and a ‘soft landing’ of the economy contribute to stability. Mon, 21 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/financial-stability-in-balance-risks-remain/ ‘The opposition to Basel III reflects a kind of short-term thinking, that, frankly, I find hard to understand.’, said Klaas Knot today in speech before the IIEB, an group of European bankers. Fri, 11 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/want-a-strong-financial-system-implement-basel-iii/ ‘Trust in the financial system and in our rule of law will never be for sale. Crime should not pay. Not in any way. Ever,’ concluded Gita Salden at the international workshop on the European anti-money laundering framework, organised by DNB on 10 October 2024. Thu, 10 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/lean-and-clean-europe-s-coordinated-fight-against-money-laundering/ Dutch insurers and pension funds invest not only directly in listed equity and corporate bonds, but also indirectly via investment funds. New DNB figures on CO2 emissions of non-financial corporations relate to both types of investments and provide a more complete.. Thu, 10 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/carbon-footprint-of-dutch-insurers-and-pension-funds-in-sharper-focus/ ‘We encourage the use of AI to its full potential, while respecting the rules and regulations that ensure the stability and integrity of the financial system and that uphold our values of fairness, freedom and security,’ said Steven Maijoor at the kick-off event of the impact centre ‘AI4 Fintech’. Fri, 04 Oct 2024 16:11:44 GMT https://www.dnb.nl/en/general-news/speech-2024/2024-an-ai-odyssey/ Prof. Mirjam van Praag has been reappointed to the Supervisory Board of De Nederlandsche Bank (DNB) effective from 1 October 2024. Minister of Finance Eelco Heinen, representing the Shareholder, decided this on the recommendation of the Supervisory Board. Fri, 04 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/mirjam-van-praag-reappointed-to-dnb-s-supervisory-board/ Based on a new forecast model, DNB expects the Dutch economy to grow by 0.4% in the third quarter of 2024 compared to the previous quarter. The uncertainty surrounding this forecast is large. In mid-November, CBS publishes the first official measurement of economic growth in the third quarter. Thu, 03 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-develops-new-model-to-forecast-short-term-economic-growth/ De Nederlandsche Bank (DNB) issued an instruction to Amicorp Netherlands B.V. (Amicorp) on 31 May 2024 for Amicorp's insufficient customer due diligence and lack of an effective compliance function. Tue, 01 Oct 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/instruction-issued-to-amicorp-netherlands-b-v-for-insufficient-customer-due-diligence-and-for-not-having-an-effective-compliance-function/ Esther Bunnik has been appointed Head of the Communications department with effect from 15 November 2024. She succeeds Ben Feiertag, who is leaving DNB from 1 December. Tue, 24 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/esther-bunnik-neuw-head-of-the-communications-department/ The current account surplus of the Netherlands’ balance of payments was €24.8 billion in the second quarter of 2024, almost the same as the corresponding period last year, new figures from DNB show. Mon, 23 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-current-account-balance-remained-almost-unchanged-despite-larger-export-surplus/ New European fiscal rules entered into force in April. Although more realistic, they are far-reaching, especially for high-debt countries. Whether they prompt Member States to reduce over-indebtedness will depend on compliance and enforcement. Fri, 20 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/under-new-european-budget-rules-it-is-important-to-remain-well-below-the-3-deficit-limit/ ‘Inflation in Türkiye has come down significantly. I think this is an accomplishment that should not be underestimated.’, said Klaas Knot in his short speech at the Turkish central bank. Fri, 20 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/opening-vissering-exhibition-ankara/ ‘Monetary policy credibility does not come overnight. It has to be earned. Again and again.’ , said Klaas Knot in his speech at Koç University, Istanbul. He spoke about the need for independent central banks to face the challenges of our times. Thu, 19 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/the-mission-of-gerard-vissering-why-we-need-independent-central-banks/ ‘Many of the potential risks of AI may seem new, but if you look beneath the surface, they are strikingly similar to traditional financial risks. Risks that we are familiar with’, said Steven Maijoor at a Bloomberg event in Amsterdam on September 16th. Tue, 17 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/painting-like-rembrandt-managing-risks-in-the-age-of-ai/ By and large, households in the Netherlands are able to replace approximately 60% of their previous income with a state pension (AOW) and supplementary retirement income, and 63% if savings are included. Fri, 13 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/a-look-at-post-retirement-income/ On 13 September, Klaas Knot spoke at the Eurofi Financial Forum in Budapest. He addressed the importance of implementing financial stability measures for NBFI, drawing parallels between flood management and the need for robust defences in the financial sector. Fri, 13 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/on-flood-management-and-financial-stability/ As at 30 June 2024, Dutch households held some €15 billion in bank deposits in other euro area countries, the latest figures from DNB and the European Central Bank (ECB) show. This means foreign savings keep growing. Thu, 05 Sep 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-households-see-foreign-bank-deposits-double-in-two-years/ On the recommendation of the Supervisory Board of De Nederlandsche Bank (DNB), Dutch Finance Minister Eelco Heinen, on behalf of the shareholder, has decided to appoint Hendrik Jan Biemond as a member of the Supervisory Board for an initial four-year term of office from 1 September 2024. Mon, 02 Sep 2024 16:33:39 GMT https://www.dnb.nl/en/general-news/press-release-2024/hendrik-jan-biemond-appointed-to-dnb-supervisory-board-from-1-september/ The new EU fiscal framework will only work if national governments reduce their debt during upturns. Whether this happens will largely depend on compliance and enforcement of the rules. Tue, 27 Aug 2024 12:49:03 GMT https://www.dnb.nl/en/general-news/speech-2024/monetary-fiscal-policy-mix-in-the-euro-area-lessons-learnt-and-the-way-forward/ The volume of lending by what are known as other non-bank financial intermediaries (OFIs) has continued to decline over the past two years. Tue, 27 Aug 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/lending-by-other-financial-intermediaries-has-declined-further-in-the-netherlands/ The value of combined investments of Dutch households reached a record high of €185 billion in the second quarter of 2024. This increase was mainly driven by rising global equity markets, which subsequently fell during the third quarter. Tue, 20 Aug 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/household-portfolio-investments-reach-all-time-high-in-second-quarter-of-2024/ European companies that are big carbon emitters are paying higher and higher interest rates on the bonds they issue on financial markets. Indeed, investors are asking for an interest rate premium to compensate for the risks that emission-intensive companies are exposed to Thu, 08 Aug 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/carbon-intensive-companies-pay-ever-higher-market-interest-rates/ Following a ruling by the Trade and Industry Appeals Tribunal (College van Beroep voor het bedrijfsleven - CBb), De Nederlandsche Bank (DNB) announces that on 15 October 2020 it imposed a fine of €75,000 on Zenco Corporate Services B.V. (ZCS). Thu, 08 Aug 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/zenco-fined-for-failing-to-commission-audits/ In the second quarter of 2024, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the decline in the value of their investments was less pronounced than the decline in the value of liabilities. Tue, 30 Jul 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dutch-pension-sector-s-funding-ratio-improves-july-2024/ Like eating, drinking and sleeping, spending money is simply part of life. But that doesn’t necessarily make it fun. Indeed, most people dislike spending money, according to research by De Nederlandsche Bank (DNB). Mon, 29 Jul 2024 16:16:17 GMT https://www.dnb.nl/en/general-news/news-2024/spending-money-hurts-but-less-if-you-re-a-teenager-paying-cash/ De Nederlandsche Bank (DNB) issued an instruction on 29 September 2022 to trust office CIS Management B.V. (CIS) for serious deficiencies in its systematic integrity risk analysis (SIRA). DNB confirmed to CIS on 18 December 2023 that it had sufficiently complied with the instruction. Fri, 26 Jul 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/instruction-issued-to-trust-office-cis-management-b-v-for-serious-shortcomings-in-its-sira/ De Nederlandsche Bank (DNB) issued an instruction on 9 July 2019 to the trust offices BK Corporate International B.V., Brave Knight Netherlands B.V and Exclusive Company Management B.V. (BK). DNB confirmed to BK on 8 March 2022 that it had complied with the instruction. Fri, 26 Jul 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/dnb-issued-an-instruction-to-trust-office-bk-in-2019/ De Nederlandsche Bank (DNB) imposed an administrative fine of €467,180 on trust office Pan-Invest B.V. (Pan-Invest) on 13 March 2024. The fine was imposed because the customer due diligence carried out by Pan-Invest did not meet the legal requirements. Thu, 18 Jul 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/fine-for-trust-office-pan-invest-for-insufficient-customer-due-diligence/ ‘AI is a technology that we can use to our benefit, but only if we implement the right policies and regulations.’, said Klaas Knot in his speech at the IMF/World Bank Constituency meeting in Moldova today. He spoke about the possible impact of AI on the economy and the financial system. Thu, 11 Jul 2024 14:30:00 GMT https://www.dnb.nl/en/general-news/speech-2024/the-ai-adventure-how-artificial-intelligence-may-shape-the-economy-and-the-financial-system/ At the CPMI (Committee on Payments and Market Infrastructures) conference on the ‘Progress and priorities on the G20 cross-border payments roadmap’ in Florence, Klaas Knot stressed the importance of deeds, not just words, when it comes to enhancing cross-border payments. Thu, 11 Jul 2024 10:15:00 GMT https://www.dnb.nl/en/general-news/speech-2024/acta-non-verba-interlinking-fast-payment-systems-to-enhance-cross-border-payments/ Thanks to buoyant stock markets worldwide, Dutch pension funds recorded strong price gains of almost €36 billion on their equity and investment fund shares, according to macroeconomic data from DNB. Thu, 04 Jul 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-pension-funds-see-assets-grow-due-to-price-gains-on-equities/ ‘Our world is currently threatened by increasing fragmentation, both political and economic.’ concluded Olaf Sleijpen in his opening speech at the 8th Annual Macroprudential Conference, organised by the Bundesbank, the Riksbank and De Nederlandsche Bank. Wed, 26 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/on-how-geo-economic-fragmentation-affects-financial-stability/ The Dutch conduit sector is shrinking faster than previously assumed. This is one of the findings of a five-yearly revision of the balance of payments figures, the results of which are being published by DNB today. Mon, 24 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/contraction-of-dutch-conduit-sector-previously-underestimated/ Cindy van Oorschot will join the Executive Board of De Nederlandsche Bank (DNB) on 1 July 2024. In her new position, she will be responsible for Internal Operations and Resolution. Van Oorschot is currently the Director of the Pension Supervision Division. Fri, 21 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/cindy-van-oorschot-to-join-dnb-executive-board/ ‘We can continue to, slowly but surely, lift our foot off the brake. In doing so, we will follow a data-dependent and meeting-by-meeting approach.’, said Klaas Knot, Knot spoke about the outlook for inflation and monetary policy in the euro area, both in the short and longer term. Thu, 20 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/play-defensively-but-be-ready-to-strike-back-a-gradual-easing-of-monetary-policy/ ‘Economic growth in the Netherlands is expected to pick up in the year ahead, spurring confidence in a “soft landing” for our economy.’ Klaas Knot said this today during the annual public session in the House of Representatives on macroeconomic risks to the financial system. Tue, 18 Jun 2024 17:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/klaas-knot-s-introductory-statement-for-the-standing-parliamentary-committee-for-finance/ Trust in the financial institutions among Dutch households remained stable over the past year. This has emerged from a DNB survey of more than 2,400 households. Mon, 17 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/public-trust-in-banks-insurers-and-pension-funds-remains-stable/ Lower inflation combined with a rebounding economy has a positive effect on financial sector stability. At the same time, uncertainty is increasing. Tue, 11 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/financial-stability-boosted-by-soft-landing-of-the-dutch-economy/ In July 2022, the ECB began raising its policy rate to curb persistent price rises. After the rate was raised to 4%, it is now being lowered again. Does this mean the era of inflation has come to an end? An update on the outlook for inflation. Mon, 10 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/why-the-ecb-has-lowered-its-policy-rate/ Marnix van Rij has been nominated as the deputy Executive Director of the Dutch-Belgian constituency at the International Monetary Fund (IMF). Fri, 07 Jun 2024 13:34:18 GMT https://www.dnb.nl/en/general-news/press-release-2024/marnix-van-rij-new-deputy-executive-director-at-imf/ Energy bills are becoming more affordable again. On average, households are expected to spend 4% of their disposable income on energy over the next three years, following a peak of 7% after the outbreak of the war in Ukraine. Fri, 07 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/energy-affordability-back-to-pre-crisis-levels/ Following a period of very high inflation and interest rate increases needed to bring it down, the Dutch economy has made a soft landing. Fri, 07 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/moderate-growth-follows-soft-landing-of-dutch-economy/ Higher mortgage rates over the past two years caused house prices to fall temporarily, but now they are rising. How can that be explained? Thu, 06 Jun 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/explanations-for-rapid-recovery-of-house-prices/ De Nederlandsche Bank (DNB) imposed an administrative fine of €15,810 on investment firm Black Swan Capital B.V. (BSC) on 21 May 2024, for failing to hold sufficient own funds from the year-end 2019 until 21 July 2023. Thu, 30 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/fine-imposed-on-black-swan-capital-for-failure-to-hold-sufficient-own-funds/ ‘Today, Indonesia is one of the leading economies in the world. It is good and fitting that Indonesia’s position as an economic powerhouse is reflected in a stronger role on the international financial stage. The world needs your leadership. The Netherlands supports you in that role.’ T Tue, 28 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/the-rise-to-economic-leadership-indonesia-s-development-from-the-perspective-of-the-dutch-central-bank/ ‘As the disinflationary path in the euro area continues and the medium-term inflation outlook further improves, we become increasingly confident that inflation will return to target in a timely manner', said Klaas Knot in his speech at the Barclays-CEPR Monetary Policy Forum today. Tue, 28 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/learn-from-the-past-and-plan-for-the-future-a-perspective-on-monetary-policy/ DNB statistics can now be accessed through an application programming interface (API), making them easier to use. Mon, 27 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-launches-api-for-statistics/ The Netherlands' net external asset position in 2021 was €181 billion lower than previously estimated. This is according to adjusted balance of payments data published by DNB today. Thu, 23 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-net-external-assets-181-billion-lower-than-previously-measured/ Dutch investors had a profitable first quarter: in the first three months of 2024, the value of their combined investments rose by €13.1 billion. Households posted returns of €11.3 billion due to higher stock prices, and they made additional net purchases of €1.8 billion. Tue, 21 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/banner-first-quarter-for-household-portfolio-investments-in-2024-11-3-billion-gain/ ‘The NBFI sector has grown substantially since 2008, to almost half of global financial assets. It has also become more diverse. As a result, NBFI is increasingly important for the financing of the real economy. More diverse financing channels are beneficial to the real economy. Mon, 20 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/a-solid-foundation-for-a-resilient-structure/ ‘Impact investing and lending creates a significant opportunity to mobilise capital into investments that target measurable positive social, economic or environmental impact alongside financial returns.’, said Olaf Sleijpen at the Erasmus/Netspar Symposium ‘What’s cooking in sustainable investing?’ Thu, 16 May 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/sustainable-investment-the-perspective-of-the-dutch-central-bank/ Households deposited a record EUR 3.8 billion in Dutch investment funds in 2020. This boosted their assets managed by investment funds to EUR 47.3 billion. Fri, 03 May 2024 16:06:20 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/dutch-investment-funds-hit-record-aum-at-eur-1-trillion/ The proportion of bonds carrying negative yields fell sharply in the first half of 2021 on the back of rising market rates. As of 30 June 2021, the combined nominal value of Dutch bonds with negative yields totalled €624 billion, down €142 billion on 31 December 2020. Fri, 03 May 2024 16:06:15 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/volume-of-dutch-bonds-with-negative-yields-has-fallen-sharply/ In the first quarter of 2021, Dutch pension funds saw their financial position improve again. Due to rising interest rates in financial markets, the value of aggregate liabilities fell EUR 111 billion to EUR 1,576 billion, outstripping the EUR 15 billion decline in aggregate assets to EUR 1,676.... Fri, 03 May 2024 16:06:14 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/dutch-pension-funds-financial-position-improved/ Effective investment in the United Nations’ sustainable development goals hinges on the possibility to measure the impact of such investments. Fri, 03 May 2024 15:06:44 GMT https://www.dnb.nl/en/general-news/background-2021/sdg-related-investment-overviews-of-impact-measurement-methods-and-data/ Consumers from vulnerable groups such as senior citizens, disabled people and those with low digital skills experience a decline in the accessibility and availability of payment services. This seems to be related to the fact that banks increasingly digitalise their services and close branches. Fri, 03 May 2024 15:06:22 GMT https://www.dnb.nl/en/general-news/news-2021/accessibility-of-payment-services-for-vulnerable-groups-deteriorating/ Since the outbreak of the COVID-19 pandemic, De Nederlandsche Bank (DNB) has processed far fewer banknotes than usual. The intake of banknotes has in fact decreased so much that, for the first time ever, DNB is issuing more banknotes than it is receiving. Fri, 03 May 2024 15:06:21 GMT https://www.dnb.nl/en/general-news/news-2021/sharp-fall-in-banknote-circulation-due-to-covid-19-pandemic/ Fri, 03 May 2024 15:06:20 GMT https://www.dnb.nl/en/general-news/news-2021/uk-overstromingen/ Dutch banks' interest margin decreased last year. Interest rates are expected to remain low, sustaining pressure on the interest margin. Banks are therefore applying negative interest rates to a growing proportion of savings. Fri, 03 May 2024 15:06:02 GMT https://www.dnb.nl/en/general-news/news-2021/low-interest-rates-put-pressure-on-banks-interest-margin/ More than three quarters of the Dutch population expect they will still make cash payments five years from now, but 42% think they will do so less often than today. This was revealed by a survey on the use and perception of cash among some 1,000 Dutch citizens, held in February 2021 Fri, 03 May 2024 15:05:57 GMT https://www.dnb.nl/en/general-news/news-2021/confidence-in-cash-remains-high-even-with-decreasing-use/ 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. Fri, 03 May 2024 15:05:44 GMT https://www.dnb.nl/en/general-news/news-2021/rise-of-bigtechs-in-financial-services-sector-requires-adjustments-in-supervision/ The coronavirus (COVID-19) crisis has exposed vulnerabilities in global value chains. For example, the supply of vital goods and product components was disrupted in many countries. This has sparked a public debate – also in the Netherlands – about solutions to make international trade more... Fri, 03 May 2024 14:25:54 GMT https://www.dnb.nl/en/general-news/news-2020/coronavirus-crisis-is-no-argument-for-restricting-free-trade/ In the first quarter of 2024, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as the increase in their liabilities was lower than the growth in their investments. Tue, 30 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dutch-pension-sector-s-funding-ratio-improves/ Klaas Knot spoke with Takerou Minami from Nikkei about monetary policy and financial stability. The interview was published on April 30th 2024. Tue, 30 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/media-2024/interview-klaas-knot-with-nikkei/ Klaas Knot discussed current financial stability risks and the FSB’s work program. ‘We cannot predict what is coming, but we can enhance resilience in the financial system by addressing the vulnerabilities discussed today and those that may emerge.’, he said Fri, 26 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/financial-stability-risks-and-the-fsb-s-work-program/ The vast majority of homeowners in the Netherlands have sufficient savings or could take out a loan to make their home more climate-friendly. They can afford to upgrade their home insulation to energy label B and install a heat pump. Mon, 22 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/almost-all-dutch-homeowners-able-to-finance-climate-measures/ 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. Thu, 18 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-banks-exposure-to-flood-risks-through-corporate-lending-is-limited/ More than 7 out of 10 point-of-sale payments were contactless in the Netherlands in 2023. More and more contactless payments are made using a smartphone or smartwatch rather than with a debit card. The traditional method of inserting a debit card is becoming less common. Mon, 15 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/mobile-payments-on-the-rise/ Transparency should be a guiding principle for central banks. They should be prepared to discuss their monetary policy decisions and clearly explain how their decisions safeguard price stability, and also not shy away from considering any link with public finances and the real economy. Fri, 12 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/central-bank-capital-of-capital-importance/ ‘Amidst widespread central bank losses, the significance of central bank capital has surged. Central bank capital plays a pivotal role as a buffer to absorb risks stemming from monetary policy operations.’ Thu, 11 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/on-the-pivotal-role-of-central-bank-capital/ “To test our society’s resilience against cyberattacks, DNB launches a brand-new framework: ART – ‘Advanced Red Teaming’. With ART, you can voluntarily get your core IT infrastructure hacked – not to steal your assets, but to seal your weak spots. The test framework is also modular. Wed, 10 Apr 2024 13:29:57 GMT https://www.dnb.nl/en/general-news/speech-2024/state-of-the-art-dnb-launches-a-new-cyber-security-test-framework/ 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. Tue, 09 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/sharp-increase-in-green-securitisations-in-2023/ High inflation, though now receding, has had a strong impact on recent wage growth. However, higher wages generally do not fully pass through to prices, which suggests that the likelihood of a wage-price spiral emerging is low. This is shown in a new Analysis by DNB. Fri, 05 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/new-study-confirms-low-likelihood-of-wage-price-spiral/ ‘Why do we need a central bank digital currency? To keep up with society. To pursue strategic autonomy. And to maintain access to public money in a digital world.’ Fri, 05 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/public-money-keeping-up-with-the-times/ On 14 July 2023, De Nederlandsche Bank (DNB) imposed an order subject to penalty on Payward International Markets Limited (Payward International), operating under the trade name Kraken. Fri, 05 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/order-subject-to-penalty-imposed-on-payward-international-markets-limited-for-offering-crypto-services-in-the-netherlands-without-registration/ De Nederlandsche Bank (DNB) imposed an instruction on Triodos Bank N.V. (Triodos) on 6 March 2019. DNB found that Triodos was in non-compliance with statutory requirements in the area of customer integrity. Thu, 04 Apr 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/instruction-for-triodos-bank-n-v-in-2019-for-failing-to-conduct-sound-and-ethical-operational-management/ According to the DNB business cycle indicator, the low point of the economic cycle has been reached, after which economic growth will pick up gradually and at a moderate pace this year. Thu, 28 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/turnaround-in-the-economy/ At her keynote address at the CMPI-IOSCO workshop today, Inge van Dijk (Director Payments, Cash & Market Infrastructure, De Nederlandsche Bank) said Financial Market Infrastructures could do more to integrate climate risk in their risk management. Tue, 26 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/climate-risk-what-does-it-mean-for-you/ In the fourth quarter of 2023, foreign multinationals transferred over €300 billion in conduit activities from the Netherlands abroad. These relocations indicate adjustments in business structures, and may be due to the introduction this year of a minimum tax for these international companies. Mon, 25 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/conduit-activities-in-the-netherlands-declined-in-fourth-quarter-of-2023/ The total number of retailers and service providers in the Netherlands that do not accept cash remained unchanged from last year. Trends are shifting in some sectors, however. Cash is no longer accepted at 25% of car parks, up from 16% a year ago. Mon, 18 Mar 2024 07:49:35 GMT https://www.dnb.nl/en/general-news/news-2024/no-more-decline-in-cash-acceptance-at-most-dutch-points-of-sale-except-for-car-parks-cinemas-and-pharmacies/ After the ECB's balance sheet grew substantially for years as a result of its government bond purchases and lending operations, it has been shrinking again for the past year and a half. This has consequences for the implementation of monetary policy. Fri, 15 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/ecb-adjusts-operational-framework-as-balance-sheet-normalises/ The Dutch economy is strong and resilient, but not everyone in the Netherlands experiences it that way. Many people are struggling financially or have concerns about their future. The Netherlands should therefore strive for a highly developed and finely tuned economy that works better for everyone. Thu, 14 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/towards-an-economy-that-works-better-for-everyone/ “We see that while the Dutch economy is doing quite well, it is not working well enough for some groups in society.” Klaas Knot said this at the presentation of DNB’s 2023 Annual Report. Thu, 14 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/introductory-remarks-upon-the-presentation-of-the-2023-annual-report/ On 2 October 2023, De Nederlandsche Bank (DNB) imposed an administrative fine of €2,850,000 on a crypto service provider. The fine was imposed because the crypto service provider offered crypto services in the Netherlands without the legally required registration with DNB, which is against the law. Wed, 13 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2026/fine-for-crypto-service-provider-for-offering-crypto-services-in-the-netherlands-without-the-legally-required-registration/ In his remarks at the BIS High Level Roundtable on Financial Inclusion today, Klaas Knot stressed that we must continue our efforts to make financial inclusion a reality for all. Tue, 12 Mar 2024 08:05:00 GMT https://www.dnb.nl/en/general-news/speech-2024/open-finance-regimes-experiences-in-some-countries/ 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. Mon, 11 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/dutch-insurers-continue-to-invest-less-in-bonds/ Among Dutch married and cohabiting couples, women mainly pay the household expenses, such as groceries, while men pay the larger expenses, such as mortgage payments and taxes. But the trend is shifting: among younger generations, this division of tasks is significantly less clear-cut. Fri, 08 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/who-pays-for-what-traditional-division-of-tasks-is-fading-among-younger-generations/ Our economy and society depend on nature. When nature deteriorates, financial and economic risks arise. Identifying these risks is uncharted territory for financial institutions such as insurers, pension funds and banks. Mon, 04 Mar 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-studies-nature-s-impact-on-own-account-equity-investments/ In his speech for the ASIFMA Annual Conference, FSB Chair Klaas Knot emphasized the need for globally consistent regulation of crypto-assets. He highlighted the work of the FSB in this field. Thu, 29 Feb 2024 05:18:34 GMT https://www.dnb.nl/en/general-news/speech-2024/speech-klaas-knot-the-need-for-regulating-crypto-assets-a-global-effort/ De Nederlandsche Bank (DNB) recorded a negative result of almost €3.5 billion in 2023. The lion’s share – more than €2.3 billion – is absorbed by the provision for financial risks, while the remaining loss of over €1.1 billion is charged to capital and reserves. T Fri, 23 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/dnb-records-negative-result-of-3-5-billion-in-2023/ In his speech today at Eurofi governor Knot (DNB) warned against the growing geopolitical tensions and geo-economic fragmentation, and their impact on cross border trade and investment. Fri, 23 Feb 2024 09:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/speech-klaas-knot-free-trade-and-financial-stability-containing-the-effects-of-geopolitical-fragmentation/ De Nederlandsche Bank N.V. (DNB) imposed an administrative fine on Aegon Bank N.V. (Knab) on 5 February 2024. Tue, 20 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/fine-for-aegon-bank-n-v-for-insufficiently-managing-credit-risks/ Dutch households on balance sold €4.7 billion worth of investments in the fourth quarter of 2023. This is the highest amount since our record-keeping of this data began, in 2009. Despite historically high sales, the value of household investments still increased due to rising stock prices. Tue, 20 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/households-sold-historically-high-levels-of-investments-in-late-2023/ Gita Salden will join the Executive Board of De Nederlandsche Bank (DNB) on 1 June 2024. Fri, 16 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/gita-salden-to-join-dnb-executive-board/ On 15 February, Klaas Knot spoke at a lunch of the Curaçao Business Association on the importance of sustainable green finance. Thu, 15 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2024/step-by-step-towards-a-sustainable-future/ By highlighting several financial stability risks, Olaf Sleijpen illustrated how central banks’ measures to safeguard price stability interact on various levels with various stakeholders – be it households or corporates, the general public or governments. Fri, 09 Feb 2024 15:53:02 GMT https://www.dnb.nl/en/general-news/speech-2024/speech-olaf-sleijpen-central-bank-independence-against-the-background-of-higher-interest-rates-and-financial-stability-ceteris-paribus-or-mutatis-mutandis/ The growth of the labour force in the Netherlands is set to decline sharply in the coming decades. To meet this challenge, we need to look not only at increasing labour supply, but also at ways of reducing labour demand and improving the match between supply and demand. Thu, 08 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/tight-labour-market-calls-for-broad-public-debate/ To curb high inflation, the European Central Bank has raised its policy rate in 10 steps since summer 2022 to 4%. The ECB has not changed this rate since last September, even though inflation has not yet come back down to the 2% target. Thu, 01 Feb 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2024/how-the-ecb-is-slowing-inflation-even-without-raising-its-policy-rate/ When a bank fails, we make sure that account holders can quickly regain access to their money. Effective 1 January 2024, this will take no more than seven working days. Back in 2009, it was three months. Tue, 30 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/customers-of-bankrupt-bank-have-access-to-their-money-even-faster/ In the fourth quarter of 2023, Dutch pension funds saw their average funding ratios deteriorate relative to the third quarter, as the value of their liabilities increased more than the value of their investments. Tue, 30 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2024/pension-sector-funding-ratio-down/ A total of 17,400 counterfeit euro banknotes were withdrawn from circulation in the Netherlands in 2023, which is the lowest number on record and a reduction by more than half (54%) of the 2022 level. Mon, 29 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/number-of-counterfeit-banknotes-down-sharply-in-the-netherlands/ Dutch households’ bank deposits continued to grow in 2023, new figures from DNB show. Total deposits in payment and savings accounts at banks in the Netherlands increased by €14.9 billion to €576.3 billion. Mon, 29 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/households-saving-as-much-as-before-the-pandemic/ De Nederlandsche Bank (DNB) imposed an administrative fine of €2,500,000 on trust office Intertrust (Netherlands) B.V. (Intertrust) on January 10th 2024. The fine was imposed because the customer due diligence carried out by Intertrust did not meet the legal requirements. Thu, 18 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2024/fine-for-trust-office-intertrust-netherlands-for-insufficient-customer-due-diligence/ In the third quarter of 2023, Dutch investment funds achieved relatively solid returns, despite falling global bond and equity prices, as revealed by new DNB figures. Mon, 15 Jan 2024 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2024/us-dollar-appreciation-bolstered-returns-of-dutch-investment-funds-in-third-quarter-of-2023/ Effective 15 April 2024, Nicole Stolk will take up her new post at the Albert Schweitzer hospital as chair of the Executive Board. Fri, 12 Jan 2024 10:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2024/executive-board-member-nicole-stolk-to-take-up-new-position-in-healthcare-sector/ De Nederlandsche Bank (DNB) has reached agreements with the Dutch State on how to deal with its temporary but substantial losses in the coming years. This adjusted capital policy allows DNB to restore its buffers over time through retained earnings. Wed, 27 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dnb-reaches-agreement-with-dutch-state-on-recovery-of-capital-position-following-losses/ Klaas Knot spoke with Mark Schroers from Boerzen Zeitung about monetary policy. The interview was published on December 20th. Fri, 22 Dec 2023 14:55:35 GMT https://www.dnb.nl/en/general-news/media-2023/interview-klaas-knot-with-boersen-zeitung/ The Dutch current account balance increased by €7.1 billion in the third quarter of 2023 compared to a year ago, reaching a record level of €32.2 billion. The increase can be attributed to developments in the goods account and the primary income. Fri, 22 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-current-account-balance-rises-further/ Dutch non-bank financial service providers once again provided less financing such as loans in 2022. The decrease is mainly due to fewer investments and price losses in investment funds. Tue, 19 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/non-bank-financing-declines-again/ Inflation in the Netherlands is falling, owing in part to lower energy prices and a further cooling of the economy. Inflation will still be 4.1% this year; we expect inflation to fall to 2.9% next year and to decline further to 2.2% in 2025. Mon, 18 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/inflation-falls-as-economic-growth-stalls/ At the Digital Money Conference in Korea today Steven Maijoor said investing in crypto-assets, despite all of the regulatory progress we’ve made, continues to be a risky affair – as the past two years have shown. Thu, 14 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-steven-maijoor-all-that-glitters-is-not-gold-in-crypto-assets/ The Netherlands is sensitive to worldwide economic fragmentation. If trade and financial flows between countries are disrupted, Dutch trade and GDP will be hit relatively hard. In turn, this may affect financial stability. Fri, 08 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/dutch-economy-is-sensitive-to-fragmentation-of-the-international-trading-system/ De Nederlandsche Bank (DNB) invests around €9 billion of its own reserves and aims for a solid financial return as well as a positive impact. To positively contribute to the transition to a carbon-neutral economy, DNB is bringing [...] Wed, 06 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dnb-is-aligning-its-own-reserves-with-the-paris-climate-agreement/ Dutch households are putting more and more money in bank accounts abroad, according to the latest quarterly figures from DNB and the ECB. Countries where savings rates have recently risen are particularly popular among Dutch savers. Wed, 06 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-save-more-abroad/ Today, speaking at the ASEAN+3 Economic Cooperation and Financial Stability Forum (online) in his capacity as FSB chair, Klaas Knot said that vulnerabilities in the global financial system remain elevated. Tue, 05 Dec 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/high-debt-and-financial-stress-implications-for-asian-financial-stability/ Today Olaf Sleijpen spoke at the inaugural meeting of the Foro di Pago Nacional (National Forum on Payments) in Oranjestad, Aruba. Wed, 29 Nov 2023 14:28:05 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-olaf-sleijpen-better-access-to-payment-services-the-dutch-experience/ Dutch institutional investors such as pension funds, investment funds and insurers kept their investments in risky bonds roughly the same over the past 12 months. This is a break from previous years: since 2019, large investors had expanded their exposure to what are termed high-yield bonds. Wed, 29 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-large-investors-do-not-expand-investments-in-high-risk-bonds/ Dutch banks are financially resilient, thanks in part to increased interest rates. This gives them the room to step up their ambitions in terms of digitalisation, sustainability and the fight against money laundering. Tue, 28 Nov 2023 13:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dutch-banks-are-resilient-but-need-to-step-up-their-ambitions/ In October the ECB did not raise its rates for the first time since the summer of 2022. This does not mean that the effects of tighter monetary policy have already worn off, however. Mon, 20 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/effect-of-monetary-policy-takes-time-to-materialise-and-varies-by-country/ “Could we not argue that it is actually a long-term value optimisation decision to include sustainable impact in investment decisions to make financial sector business models future proof?” Mon, 20 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/if-our-forests-could-speak-nature-related-financial-risks-and-opportunities/ Dutch households suffered losses on their portfolio investments in the third quarter of 2023. Overall, the value of portfolio investments fell some €3.6 billion (-2.1%) from a quarter earlier, to €162.4 billion. Mon, 20 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/first-fall-in-dutch-household-portfolio-investments-in-a-year/ Klaas Knot spoke on the lessons to be learnt from the recent financial sector tumult at the 7th Annual Conference of the European Systemic Risk Board, on 16 November 2023. Thu, 16 Nov 2023 12:45:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-the-recent-financial-tumult-lessons-and-responses/ On 16 November Olaf Sleijpen gave a speech at the APG Global Investors Day where he addressed the question how the financial ecosystem can play its part in the transition towards a sustainable future. Thu, 16 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-olaf-sleijpen-investing-in-the-future/ In his introductory remarks at the IMF Global Statistical Forum today, Klaas Knot highlighted the importance of having the right data for understanding the evolution and risks of the crypto-ecosystem. Thu, 16 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-introductory-remarks-imf-statistical-forum/ Not all countries benefit equally from the euro. There are three ways we can strengthen the Economic and Monetary Union and thus the euro. Klaas Knot discussed the proposals on 9 November at a seminar organised by DNB and Bruegel, a think tank. Thu, 09 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-you-can-t-always-get-what-you-want-but-after-25-years-of-emu-we-just-might-find-we-get-what-we-need/ On 2 November Klaas Knot opened the ‘Annual Research Conference’ in Artis, Amsterdam. In his speech he said that restrictive monetary policies will likely remain needed for some time to come to get inflation back down to target. Thu, 02 Nov 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-challenges-for-monetary-policy-that-make-us-think/ In the third quarter of 2023, Dutch pension funds saw their funding ratios improve relative to the second quarter, as the decline in the value of their investments was less pronounced than the decline in the value of liabilities. Tue, 31 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/dutch-pension-sector-s-funding-ratio-improves-in-third-quarter-2023/ At a conference on cyber security for Chief Information Security Officers from Belgium and the Netherlands, Nicole Stolk stated that only together we can preserve people’s trust in the financial system, preserve financial stability and keep people’s data and money safe from cyberattacks. Thu, 26 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-nicole-stolk-confessions-of-a-central-bank-cyber-director/ In his introductory remarks at the Fifth Macroprudential Policy and Research Conference at the ECB in Frankfurt Klaas Knot discussed some of the challenges in using macro-prudential tools. Tue, 17 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introductory-remarks-klaas-knot-at-ecb-fifth-macroprudential-policy-and-research-conference/ ‘We have made important progress in regaining control over inflation, but we are not quite there, yet. To continue this progress, and reach our target, restrictive policies will likely remain needed for some time to come. All in all, current policy is in the right place. Fri, 13 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/regaining-control/ De Nederlandsche Bank (DNB) imposed an instruction on trust office Intertrust (Netherlands) B.V. (Intertrust) on 31 March 2022 for non-compliance with the law regarding its procedures manual and customer due diligence. Fri, 13 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/dnb-imposes-instruction-on-trust-office-intertrust-for-incomplete-procedures-manual-and-inadequate-customer-due-diligence/ Financial institutions have to step up their efforts to adequately manage their risks related to climate change and environmental degradation. That’s what Steven Maijoor said in his key note speech at the Morningstar Sustainable Investing Summit 2023. Wed, 11 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/managing-climate-and-environmental-related-risk-stepping-up-the-pace/ "For a long time, crypto assets were an experiment on the fringes of the financial system. [...]", said Steven Maijoor at the Digital Asset Symposium hosted jointly by the Bank of England and the Financial Stability Board on 10 October 2023. Tue, 10 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/crypto-assets-regulation-from-patchwork-to-framework/ The Dutch financial sector must be prepared to face increasing interest rate and credit risks at financial institutions. In addition, lower liquidity in financial markets may cause price fluctuations in one market to spill over to other parts of the financial system more quickly. Mon, 09 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/risks-to-financial-stability-increase-due-to-rapidly-rising-interest-rates/ “Risks to financial stability increase due to rapidly rising interest rates. Rising interest rates have made it more expensive for households and businesses in the Netherlands to borrow money.” Klaas Knot said this today at the presentation of DNB’s autumn 2023 Financial Stability Report. Mon, 09 Oct 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introductory-remarks-by-klaas-knot-at-the-press-conference-on-the-fsr/ At the Flairs conference Klaas Knot spoke for an audience of young bankers about the experiences with bank failures since the global financial crisis, the importance of a well functioning and credible resolution regime, and the lessons we can draw from recent cases. Fri, 29 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/banks-going-bankrupt/ De Nederlandsche Bank (DNB) imposed an administrative fine of €10,000 on trust office Athos Business Services (Netherlands) B.V. (Athos) on. The fine was imposed because Athos provided trust services without carrying out sufficient customer due diligence. Tue, 26 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-trust-office-athos-business-services-netherlands-b-v-for-insufficient-customer-due-diligence/ The surplus on the current account of the Dutch balance of payments rose by €7.3 billion in the second quarter of 2023 (year-on-year) to €23.2 billion. Fri, 22 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/higher-export-surplus-boosts-current-account-balance/ Energy price hikes from 2022 still affect other prices, such as those of food. Why are some products still getting more expensive, even though energy prices have fallen again? And how long will this go on? Thu, 21 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/for-how-long-do-higher-energy-prices-affect-product-prices/ Dutch pension funds are increasingly investing their assets in foreign investment funds. Whereas their holdings in Dutch investment fund units have been declining for some time, an increasing share of their assets is being allocated to foreign, especially European, investment funds. Thu, 21 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-pension-fund-assets-increasingly-allocated-to-foreign-investment-funds/ Peter Blom has decided to step down as a member of DNB’s Supervisory Board. He had earlier resigned from his duties on a temporary basis on 7 November 2022. Blom has been a member of DNB's Supervisory Board since 1 September 2021. Fri, 15 Sep 2023 11:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/peter-blom-decides-to-step-down-from-dnb-s-supervisory-board/ De Nederlandsche Bank (DNB) imposed an administrative fine of € 156.250 on trust office CIS Management B.V. (CIS) on 25 May 2023. The fine was imposed because the customer due diligence carried out by CIS did not meet the legal requirements. Tue, 12 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-trust-office-cis-management-for-insufficient-customer-due-diligence/ At DNB's Statistics Division, we are constantly working to improve the quality and accessibility of our statistics. Our users expect our products and services – such as tables, statistical news releases and dashboards – to be insightful, timely and reliable. Tue, 12 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dnb-statistics-user-survey-september/ At the Launch Event of the NGFS Conceptual Framework on Nature-related Financial Risk Klaas Knot called for urgent action to assess and reduce the risks the nature crisis poses to the economy and the financial system. Thu, 07 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/lessons-from-mount-everest-acting-now-to-curb-nature-related-financial-risks/ De Nederlandsche Bank (DNB) imposed an instruction on CCV Group B.V. (CCV) on 13 March 2019 because CCV had failed to comply with certain provisions of the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft). Wed, 06 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/instruction-imposed-on-ccv-group-b-v-for-non-compliance-with-wwft/ Buy or rent? The housing situation of 1.8 million households in the Netherlands does not match their preferences. This means they currently rent their home but would prefer to buy, or own a home but would prefer to rent. Tue, 05 Sep 2023 07:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/1-8-million-dutch-households-would-rather-be-in-a-different-housing-situation/ In early 2024, Else Bos will step down as member of the Executive Board and Chair of Prudential Supervision of DNB. Mon, 04 Sep 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/else-bos-to-step-down-as-executive-board-member-and-chair-of-prudential-supervision-of-dnb/ Dutch companies have once again raised more capital by issuing green bonds, new figures from DNB reveal. In relative terms, the Netherlands is the leader in the euro area when it comes to issuing green debt securities. Thu, 31 Aug 2023 07:56:40 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/the-netherlands-european-leader-in-green-bonds/ De Nederlandsche Bank (DNB) issued an instruction on de Volksbank N.V (Volksbank) on 12 June 2023 because de Volksbank was gravely deficient in its statutory obligation to identify, analyse and assess its money laundering and terrorist financing risks. Tue, 29 Aug 2023 18:15:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/instruction-for-de-volksbank-for-deficient-assessment-of-money-laundering-and-terrorist-financing-risks/ At DNB's Statistics Division, we are constantly working to improve the quality and accessibility of our statistics. Our users expect our products and services – such as tables, statistical news releases and dashboards – to be insightful, timely and reliable. Mon, 28 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dnb-statistics-user-survey/ De Nederlandsche Bank (DNB) has signed four-year agreements with TCS and Capgemini for the provision of IT services. From 2024, these companies will support the central bank as it accelerates its digital ambitions. Fri, 25 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dnb-signs-agreements-with-tcs-and-capgemini-for-it-services/ On the recommendation of DNB’s Supervisory Board, Dutch Finance Minister Sigrid Kaag has decided to appoint Artie Debidien on behalf of the shareholder. She will succeed Margot Scheltema, who will step down after her term ends on 1 September 2023. Thu, 24 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/artie-debidien-appointed-to-dnb-supervisory-board-from-1-september/ The value of portfolio investments held by Dutch households continued to increase in the second quarter of 2023. The total value of portfolio investments at the end of June was €165.9 billion, an increase of €5.1 billion (+3.2%) compared to the previous quarter. Tue, 22 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-household-investments-rise-in-value-again/ The recent drop in energy prices pushed Dutch inflation down to the European average of 5.3% in July. However, core inflation (HICP excluding energy and food) remains higher in the Netherlands than in the euro area. One possible explanation is the more pronounced overheating of the Dutch economy. Tue, 08 Aug 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/falling-energy-prices-mask-high-dutch-core-inflation/ DNB has updated its sustainable finance strategy. It addresses climate-related and environmental risks for the economy and the financial sector, climate-proofing the Netherlands and social issues. Also, DNB gradually raises the bar on sustainability in its supervision of financial institutions. Thu, 06 Jul 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/with-our-own-transition-plan-we-aim-to-make-a-positive-contribution-to-sustainability/ The DNB Fund is open as from Friday, 30 June, 10:00. This means you can submit your funding proposal through the Prins Bernhard Cultuurfonds website. Fri, 30 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/prins-bernhard-cultuurfonds-opens-dnb-fund/ “Currently, the European economy has a large dependency on the banking system. But this banking-bias makes us vulnerable. It increases systemic risk, and as a result, it decreases our resilience to financial shocks. Wed, 28 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/high-hopes-rooting-the-cmu-in-sustainable-finance/ People with disabilities or low digital literacy or who have difficulty making ends meet particularly value cash. Of all Dutch people, 28% say they cannot do without cash and 7% say they only pay with cash at points of sale, but these percentages are higher for the aforementioned focus groups. Tue, 27 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/cash-plays-an-important-role-for-different-groups-in-dutch-society/ The current account surplus of the Dutch balance of payments was higher in 2021 and 2022 than previously recorded. This is mainly due to higher adjusted profits of listed multinationals and larger exports than previously projected. Fri, 23 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/netherlands-current-account-surplus-revised-upwards/ De Nederlandsche Bank (DNB) imposed a fine of €10,000 on trust office Lewben Netherlands B.V. (Lewben) on 19 January 2023. The fine was imposed for Lewben's failure to commission audits during the period from 1 January 2019 to 7 September 2021. Wed, 21 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-trust-office-lewben-netherlands-b-v-for-failing-to-commission-audits/ The Dutch economy will grow by 0.8% this year, which is sharply lower than last year's 4.5% growth. While inflation is set to decrease, in part due to the economy cooling down, it remains too high at 4.2%. Mon, 19 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/economic-growth-slows-inflation-remains-persistent/ De Nederlandsche Bank (DNB) imposed an administrative fine of €3,125,000 on trust office TMF Netherlands B.V. (TMF) on 2 March 2023. The fine was imposed because the customer due diligence carried out by TMF did not meet the legal requirements. *Adjusted on 20 February 2026 Thu, 15 Jun 2023 15:15:22 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-trust-office-tmf-netherlands-b-v-for-insufficient-customer-due-diligence/ Partly due to sharply higher energy prices in 2021 and 2022, the Netherlands had to pay more to foreign countries to import the same amount of goods and services. Tue, 13 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/netherlands-suffered-income-loss-in-2022-from-higher-energy-prices/ Following four quarters of declining assets, the assets under management of Dutch pension funds increased again in the first quarter of 2023. This increase can mainly be ascribed to price gains, especially of equities. Tue, 13 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-pension-funds-invest-more-in-the-netherlands/ In Europe, we have implemented the Basel standards more consistently across banks of all sizes. But let's not forget that the Basel III standards have not yet been fully implemented in European regulation. Thu, 08 Jun 2023 20:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/keeping-our-windshiels-intact-lessons-from-the-recent-market-turmoil/ “Dutch banks have so far remained in good shape, and that is borne out by a stress test that we conducted. Banks can certainly withstand stress. But we cannot sit back and assume that the worst is over.” Wed, 07 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introductory-line-for-the-standing-parliamentary-committee-for-finance/ In his keynote speech at the 5th Capital Markets Seminar, jointly organized by the European Stability Mechanism, the European Investment Bank and the European Commission, Klaas Knot discussed the current state of economic and financial affairs. Tue, 06 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/bold-but-realistic-monetary-policy-and-financial-stability/ On 1 June, Klaas Knot gave a speech at the International Banking Summit in Brussels. He stated that “our financial system has to be able to absorb change, to withstand shocks and address vulnerabilities. In other words: the global financial system has to be resilient. Thu, 01 Jun 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/to-improve-is-to-change/ Persistently high inflation and rising interest rates are making the risks to financial stability both tangible and visible, as can be seen from the recent failure of a number of regional banks in the United States. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/rapid-rise-in-interest-rates-exposes-financial-vulnerabilities/ Finance Minister Sigrid Kaag wants banks to continue to provide adequate, basic cash facilities, as she wrote today in a letter to Parliament. In her letter, she also stresses that cash withdrawals and deposits must remain affordable for both consumers and retailers. Wed, 31 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/minister-takes-initiative-to-preserve-cash/ One in three working people in the Netherlands is prepared to work more hours if it means a higher salary. People would also be willing to work more hours if their work were more fun, if remote working were easier and if they could spend less time caring for their children. Tue, 30 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/incentives-for-people-to-work-more-or-fewer-hours/ People with low incomes and insecure jobs are also more likely to be vulnerable in other areas, such as their housing situation and asset position. About a quarter of this group seems unable to escape their vulnerable position. Tue, 23 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/low-income-and-job-insecurity-often-occur-in-combination-with-other-vulnerabilities/ Dutch investors started off well in 2023 – in the first quarter, the value of investments held by Dutch households increased by €7.8 billion. Despite the turmoil in financial markets, Dutch households also invested more in equities and bonds issued by banks. Tue, 23 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-book-investment-gains-in-first-quarter-of-2023/ De Nederlandsche Bank (DNB), together with the Prins Bernhard Cultuurfonds (Culture Fund), is setting up a special fund to help address the impact of nineteenth-century transatlantic slavery. Tue, 16 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/dnb-and-prins-bernhard-cultuurfonds-new-fund-for-historical-links-to-slavery/ While interest rates on mortgages have risen sharply following the ECB's recent rate hikes, the increase of interest rates on savings accounts has been limited so far. Banks do not pass on an ECB rate hike equally to their customers as they wish to maintain their interest margin. Wed, 10 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/ecb-interest-rate-hikes-have-a-higher-pass-through-to-mortgage-than-to-savings-rates/ De Nederlandsche Bank (DNB) imposed an administrative fine of €47,500 on IJmond Corporate Solutions B.V. (IJCS) on 4 February 2020. The administrative fine is imposed because IJCS did not have two directors from 1 July 2019 until at least 19 August 2019. Thu, 04 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-ijmond-corporate-solutions-b-v-for-not-having-two-directors-in-time/ From the autumn of 2023, first-time buyers will find homes slightly more affordable. Although house prices are falling, first-time buyers’ mortgage costs are higher than a year ago as mortgage rates have gone up. Wed, 03 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/will-dutch-first-time-buyers-be-able-to-afford-a-home-again/ Dutch households' trust in financial institutions has remained stable over the past year, despite the recent problems faced by banks in the United States and Switzerland. During that period, households did think slightly more often about the possibility of Dutch banks failing. Tue, 02 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/public-trust-in-financial-institutions-remains-stable-despite-turmoil-in-financial-markets/ An increasing number of banks are reporting a drop in demand for residential mortgage loans, as revealed in the latest Bank Lending Survey. Tue, 02 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/more-banks-see-drop-in-demand-for-residential-mortgage-loans/ Dutch consumers and businesses made around 6.1 billion payments using a debit or credit card in 2022, representing a combined amount of €182 billion, new figures from DNB on payment transactions show. Mon, 01 May 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/card-payments-up-in-2022/ “So far, no shock has been the Waterloo of our global financial system. But we need to remain vigilant. We need to remain diligent, in mapping, measuring, and monitoring vulnerabilities. Old and new.” This is what Klaas Knot said at Eurofi’s High Level Seminar 2023 in Stockholm. Fri, 28 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-mamma-mia-here-we-go-again-lessons-from-svb-and-credit-suisse/ In the first quarter of 2023, Dutch pension funds saw their funding ratios improve relative to the previous quarter, as growth in their investments outstripped the increase in liabilities. Tue, 25 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/dutch-pension-sector-s-funding-ratio-improves/ More than 90% of Dutch people think it is important to be able to pay with cash. They find the €20 banknote the most beautiful, and more than two-thirds of respondents said they had never held a banknote in their hands that they doubted was genuine. Tue, 25 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/dutch-people-are-attached-to-their-cash/ If Dutch households are vulnerable, they are often vulnerable in several areas at once. For instance, households with high housing expenses relative to income are also more likely than average to have a poor position in the labour market and limited financial buffers, according to a new study by DNB Wed, 19 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/many-dutch-are-doing-well-but-for-some-vulnerabilities-are-accumulating/ On 19 April Klaas Knot gave the annual Whitaker Lecture in Dublin where he made clear that “to maintain financial stability we do not only have to adapt to changing conditions, we also have to create the conditions to be able to adapt when stability is threatened. Wed, 19 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-the-whitaker-lecture-striving-for-financial-stability/ “The thriving payments industry in our country is reflected in the enthusiastic use of your services by tonnes of Dutch businesses and organisations. Fri, 14 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-steven-maijoor-paying-attention-on-the-supervision-of-payment-institutions/ The rising importance of BigTechs such as Google, Amazon, Apple and Facebook in the financial sector requires special attention from supervisory authorities such as De Nederlandsche Bank (DNB). Wed, 12 Apr 2023 11:58:06 GMT https://www.dnb.nl/en/general-news/press-releases-2021/rise-of-bigtechs-requires-adjustments-in-financial-supervision/ In 2022, Dutch people used their mobile phone or wearable device for contactless payment at points of sale as often as they paid in cash. The share of these new means of payment rose to 21%, while the use of banknotes and coins stabilised at 20% of total payments. Thu, 06 Apr 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/paying-with-mobile-as-popular-as-cash-at-checkout/ Climate change and environmental degradation can result in direct and indirect damage, including financial damage. This means they impact the work of De Nederlandsche Bank (DNB). Thu, 30 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/new-climate-and-environmental-risk-management-guide-for-the-financial-sector/ Mortgage lenders are financing Dutch residential mortgages less and less often by selling bonds with these mortgages as collateral, new figures from DNB reveal. Thu, 30 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/bond-financing-less-popular-among-mortgage-lenders/ On the recommendation of the Supervisory Board (SB) of De Nederlandsche Bank (DNB), Finance Minister Sigrid Kaag, on behalf of DNB’s shareholder, the Dutch State, has decided to appoint Martin van Rijn as Chair of the SB. Thu, 30 Mar 2023 10:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2023/martin-van-rijn-appointed-chair-of-dnb-s-supervisory-board-from-1-june-2023/ De Nederlandsche Bank (DNB) revoked the trust office licence of D-Max Corporate B.V. (D-Max) on 21 October 2022. DNB revoked the trust office licence of D-Max for two reasons. Wed, 29 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/trust-office-licence-of-d-max-corporate-b-v-revoked/ At 5.6%, the Dutch current account surplus as a percentage of gross domestic product (GDP), based on three-year averages, was below the European Commission's 6% standard in 2022 for the first time in more than a decade, as revealed by new DNB figures. Mon, 27 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/current-account-surplus-dips-below-6-standard/ “Despite the shocks of recent years, the Dutch economy and the Dutch financial sector are in good shape.” Klaas Knot said this today at the presentation of DNB’s 2022 Annual Report. He reflected on the events of 2022 and looked ahead to the economic challenges facing us down the road. Thu, 23 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/introduction-dnb-annual-report-2022-press-conference/ 2022 was a turbulent year, with major events worldwide that affected nearly all of us to a greater of lesser extent. This year too, we see the impact of these events clearly reflected in our economy. We outline the most important below, but first we take a brief look back at 2022. Thu, 23 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/challenges-for-our-economy-in-2023/ Central banks were created specifically to ensure stable prices and intervene when needed. Why do we need price stability, and why do many people think this is the government’s responsibility? Thu, 23 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/who-is-responsible-for-fighting-inflation/ After years of price gains, pension funds suffered losses on their real estate investments in 2022, DNB figures show. Overall, the value of these investments fell by over €14 billion. Listed real estate in particular fell in value, while losses in directly held properties were limited. Tue, 14 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/pension-funds-suffer-losses-on-real-estate/ De Nederlandsche Bank N.V. (DNB) has imposed an order subject to penalty on the enterprise because the enterprise failed to cooperate with DNB’s request for information in a timely manner. Fri, 10 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/dnb-imposes-order-subject-to-penalty-on-an-enterprise-for-failing-to-provide-information/ For years, inflation in the euro area hovered around 1.5%, below the European Central Bank's (ECB) target of around 2%, despite historically low interest rates. But then it suddenly shot up in summer 2021, peaking at 10.6% in October 2022. How could inflation go up so fast? Thu, 02 Mar 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/how-inflation-reached-all-time-highs-in-two-years/ In 2022, Dutch households again invested more in emerging markets such as South Africa, Brazil and China. Despite net purchases, the value of these investments decreased to €2,241 million at the end of 2022 due to price losses, down from a record €2,631 million at the end of 2021. Mon, 20 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-invest-more-in-emerging-markets/ Global agreements on strengthening banks’ capital positions, as contained in the Basel III Accord, should be implemented in Europe as rapidly and consistently as possible. Fri, 17 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/timely-and-consistent-implementation-of-basel-iii-important-for-european-banks/ What is the state of cash acceptance in shops and by other retailers in the Netherlands? DNB monitors developments annually. Thu, 16 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/some-retail-sectors-refuse-cash-payments-too-often/ In response to soaring energy prices, the vast majority of Dutch households have turned down the thermostat and started taking shorter or fewer showers. Tue, 14 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/target-sustainability-measures-at-financially-vulnerable-households/ De Nederlandsche Bank (DNB) imposed an administrative fine of €100,000 on Travelex N.V. (Travelex; formerly: Grenswisselkantoor – GWK) on 2 February 2023. T Thu, 09 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/fine-for-travelex-for-failing-to-report-unusual-transactions-in-time/ Speaking on 8 February 2023, Klaas Knot discussed recent inflation developments and how they affect the ECB's monetary policy. Wed, 08 Feb 2023 16:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-staying-the-course/ “It is hard to predict when or where the next cyberattack will hit, but chances are that it will have to do with a human error. So it is important that people, in all layers of an organisation, know the why of it all. Why they need to follow certain processes and procedures. Why they need to... Wed, 08 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-steven-maijoor-the-human-life-of-cyber-resilience/ In his opening speech for the Climate Risk Conference in Slovakia on 7 February 2023, Klaas Knot said that central banks are not in the driving seat to save our planet but are definitely part of the team: “A part of the team in three different ways, in three different roles." Tue, 07 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-what-can-central-banks-do-to-help-save-our-planet/ The Dutch population's trust in De Nederlandsche Bank (DNB) and national politics has fallen. This is partly caused by the unprecedented high inflation over the past year. Mon, 06 Feb 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/trust-in-central-bank-and-national-politics-has-fallen-due-to-high-inflation/ In the fourth quarter of 2022, Dutch pension funds saw their funding ratios deteriorate relative to the third quarter, as the value of liabilities increased, while pension assets remained almost unchanged. Tue, 31 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-pension-sector-funding-ratio-down-mainly-due-to-indexation/ More counterfeit euro banknotes were withdrawn from circulation in the Netherlands in 2022 than in the previous year. A total of 38,200 were found, 47% more than in 2021. This increase is mainly due to a limited number of fraud cases involving counterfeit euro banknotes of very low quality. Mon, 30 Jan 2023 14:39:05 GMT https://www.dnb.nl/en/general-news/press-release-2023/increase-in-counterfeit-euro-banknotes-of-very-low-quality/ Some 2.6 million Dutch people aged 18 and above struggle with their digital payments and other banking affairs. This has emerged from a study conducted by De Nederlandsche Bank (DNB). Mon, 30 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/digital-banking-is-a-struggle-for-many/ 2.6 million Dutch adults do not manage all their banking affairs on their own. This has emerged from a study conducted by DNB. Although many of them would like to be more self-reliant, they need assistance for a variety of reasons. Mon, 30 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2023/millions-of-dutch-struggle-to-get-to-grips-with-digital-payments/ In 2022, bank balances of Dutch households increased further. The aggregate balance held in payment and savings accounts rose by €34.1 billion last year to reach €562.5 billion (equal to 61% of annual GDP). Dutch people continued to put aside substantial amounts in 2022, DNB statistics show. Mon, 30 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/dutch-households-continue-saving-steadily-even-post-pandemic/ On 18 January 2023, De Nederlandsche Bank (DNB) imposed an administrative fine of €3,325,000 on Coinbase Europe Limited (Coinbase). The fine was imposed because Coinbase provided crypto services in the Netherlands in the past without registration with DNB, which is in non-compliance with the law. Thu, 26 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/enforcement-measures-2023/dnb-imposes-administrative-fine-on-coinbase-europe-limited-for-providing-crypto-services-without-the-legally-required-registration-until-22-september-2022/ "Dare to know," said Klaas Knot at the ILF conference on systemic risks, relating the Financial Stability Board’s (FSB) role of enhancing the resilience of the global financial system to the Enlightenment adage of "sapere aude”. Tue, 24 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-2023/speech-klaas-knot-daring-to-know-in-times-of-uncertainty-and-structural-shifts/ DNB, together with the ECB and other central banks, is publishing new sustainability figures for the financial sector this week. Why, in fact? And what exactly are we measuring? See the Q&As below. Tue, 24 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2023/five-questions-on-our-new-sustainability-figures/ The equity portfolios of Dutch pension funds and insurers have become significantly “greener” over the 2017-2020 period. This is mainly because investee companies have emitted less carbon over that period, according to an analysis by De Nederlandsche Bank (DNB). Tue, 24 Jan 2023 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2023/smaller-carbon-footprint-from-large-investors-equity-portfolios/ Interview with Klaas Knot by Marco Zatterin and Fabrizio Goria of La Stampa. The interview was published on January 21, 2023. Tue, 24 Jan 2023 08:39:11 GMT https://www.dnb.nl/en/general-news/media-2023/interview-klaas-knot-in-la-stampa/ Interview with Klaas Knot by Martin Arnold of the Financial Times. Published on December 26, 2022. Mon, 26 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-in-the-financial-times/ The Dutch current account balance of €13.9 billion (6% of GDP based on three-year averages) in the third quarter of 2022 was €0.3 billion lower than a year earlier, according to figures from DNB. Fri, 23 Dec 2022 09:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/current-account-balance-in-line-with-last-year/ You can temporarily exchange Croatian banknotes for euros at DNB. The reason is the introduction of the euro in Croatia. The exchange rate: 7.53450 kuna = 1 euro. Thu, 22 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/exchanging-croatian-banknotes-at-dnb/ Companies in carbon-intensive sectors to which banks lend are not switching to sustainable alternatives quickly enough to meet the goals of the Paris Climate Agreement. This has emerged from an analysis conducted by DNB. Thu, 22 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/banks-at-risk-due-to-slow-pace-of-climate-transition-by-companies/ In most euro area countries, cash is used less and less in point-of-sale (POS) payments, whereas debit and credit cards are used more and more frequently. Nevertheless, cash remains the most important means of payment for six in ten people in the euro area. Tue, 20 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/use-of-cash-lower-in-euro-area-countries/ The Dutch economy has been cooling since the middle of 2022 and will stabilise at 0.8% gross domestic product (GDP) growth in 2023. This cooling is caused by high inflation and slowing world trade growth. Mon, 19 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dutch-economy-cools-due-to-high-inflation-and-lower-global-trade/ The European Central Bank (ECB) can bring down high inflation by tightening its monetary policy. This can be achieved more quickly if fiscal policy is also restrictive. This is shown in a new study by economists from DNB and Radboud University. Fri, 16 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/inflation-reduced-faster-if-central-bank-and-governments-apply-brakes-simultaneously/ De Nederlandsche Bank (DNB) announces that MEK Global Limited (MGL), doing business as ‘KuCoin’, is providing crypto services in the Netherlands without the required legal registration with DNB. Thu, 15 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/warning-against-mek-global-limited-doing-business-as-kucoin/ On Friday 2 July, DNB President Klaas Knot unveiled an art installation on the Frederiksplein square, together with local residents. Wed, 14 Dec 2022 15:38:41 GMT https://www.dnb.nl/en/general-news/news-2021/unveiling-of-art-installation-on-frederiksplein/ The financial sector is exposed to risks as a result of biodiversity loss. To manage these risks adequately, the quality of available biodiversity data must be improved. For this reason, DNB is urging for creation of more transparent and standardised biodiversity indicators at the COP15 conference. Wed, 14 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/adequate-pricing-of-biodiversity-risks-requires-higher-quality-data/ Dutch non-bank financial services providers provided €401 billion in financing in 2021, 14% less than in 2020. This left the sector as large as one-sixth of the Dutch banking system, accounting for 1% of global non-bank financing. Wed, 14 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/less-non-bank-financing-in-the-netherlands-in-2021/ On the recommendation of DNB’s Supervisory Board (SB), Dutch Finance Minister Sigrid Kaag has decided to appoint Frans Muller on behalf of the shareholder. He will succeed Feike Sijbesma, who will step down at the General Meeting on 22 March 2023, after ten years. Fri, 09 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/effective-from-1-january-2023-frans-muller-has-been-appointed-to-the-supervisory-board-of-de-nederlandsche-bank-dnb/ Dutch insurers sold €23 billion worth of assets on balance so far this year, DNB figures show. They used about three quarters of the proceeds to meet the margin requirements under derivatives contracts. I Thu, 08 Dec 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-insurers-are-selling-many-assets-this-year/ Companies in the chip industry account for almost a quarter of the market capitalisation of all listed companies having their registered office in the Netherlands, a DNB analysis shows. Thu, 01 Dec 2022 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/chip-manufacturers-largest-among-dutch-listed-companies/ Dutch households suffered large losses on investment funds in the first three quarters of 2022, DNB figures show. Falling stock market prices and rising interest rates reduced the size of investments in funds by €18.3 billion (-15.9%) to €97.3 billion in the first nine months of this year. Wed, 30 Nov 2022 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-households-suffer-large-losses-on-investment-fund-positions/ Renters in the private sector are on average 2.5 times more likely to move to a different region than homeowners. Renters in the social sector, on the other hand, are 1.4 times more likely to move than homeowners. This is the result of recent DNB research. Mon, 28 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/renters-in-social-housing-are-less-likely-to-move/ What has caused the recent sharp rise in inflation, and where is it heading? And what is the European Central Bank doing to bring inflation back to the 2% target? DNB President Klaas Knot answered these and other questions in a meeting with a parliamentary committee on Thursday afternoon. Thu, 24 Nov 2022 12:05:13 GMT https://www.dnb.nl/en/general-news/speeches-2022/klaas-knot-speaks-with-mps-about-inflation/ Dutch households are increasingly taking out variable-rate mortgage loans or fixed-rate residential mortgage loans of up to one year, DNB data show. Thu, 24 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/variable-and-short-term-mortgage-rates-increasingly-popular/ The digital euro has been in the news more and more lately. And rightly so, as digital payments are on the rise. But what is the digital euro, and why is it being developed? Inge van Dijk, DNB's director of Payments, explains. Wed, 23 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/blogs/blog-inge-van-dijk-preparing-the-euro-for-a-digital-future/ “For a long time, inflation was hardly on anyone’s mind. But today, it has become a key issue for everyone.” In his keynote address at the 32nd Frankfurt European Banking Congress, Klaas Knot spoke about the ECB’s resolute pursuit of price stability. Fri, 18 Nov 2022 14:15:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-in-resolute-pursuit-of-price-stability/ “Adequate regulation and supervision of governance, risk management, and transparency are quintessential elements of a well-functioning financial system that passes the litmus test of the public’s trust. Thu, 17 Nov 2022 10:04:56 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-public-trust-the-litmus-test-of-financial-innovation/ On average, the Dutch public has fairly high trust in De Nederlandsche Bank (DNB) as the supervisory authority for financial institutions. DNB's execution of the Dutch Deposit Guarantee, which insures account holders' balances up to €100,000, contributes greatly to this level of trust. Thu, 17 Nov 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/trust-in-dnb-benefits-from-greater-awareness-of-the-financial-supervisor-s-tasks-and-responsibilities/ Dutch households and businesses have very limited insurance cover against new and changing risks, such as those from floods and cyberattacks. Responding to this situation offers Dutch insurers opportunities to continue fulfilling their role in society and strengthen their future resilience. Wed, 16 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/insurers-in-the-netherlands-must-respond-to-new-and-changing-risks/ Thu, 10 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-into-the-unknown-decision-making-in-uncertain-times/ In many respects, Dutch banks are in a very different position when dealing with the impact of high inflation than they were in the 1970s and 1980s, when consumer prices also rose rapidly. Thu, 10 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/inflation-can-affect-banks-in-many-different-ways/ Thu, 10 Nov 2022 09:30:17 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-25th-annual-dnb-research-conference/ DNB experts Vera Lubbersen and Peter Wierts took a close look at all the developments in crypto assets. An interview on the pros and cons, how cryptos fit in our money system, and what new regulations will mean for crypto providers. Tue, 08 Nov 2022 13:18:15 GMT https://www.dnb.nl/en/general-news/news-2022/we-do-not-see-cryptos-as-money/ It is of the utmost importance that rules are swiftly agreed upon internationally to regulate the use of crypto-assets such as Bitcoin, Ethereum and Tether. Mon, 07 Nov 2022 15:01:54 GMT https://www.dnb.nl/en/general-news/press-release-2022/proper-regulation-indispensable-for-risky-cryptos/ Unbacked crypto-assets like Bitcoin are mainly used as speculative and risky investments, and their value is highly volatile. Bitcoin is therefore ill-suited as a means of payment, store of value or unit of account, and this means it is unsuitable as money. Mon, 07 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/unbacked-crypto-assets-not-suitable-as-money/ Peter Blom has decided to temporarily step down as a member of the Supervisory Board of De Nederlandsche Bank (DNB) with effect from 7 November 2022. Fri, 04 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/peter-blom-to-temporarily-step-down-as-dnb-supervisory-board-member/ Faced with soaring inflation that is eroding purchasing power, workers will try to compensate by negotiating higher wages. As the resulting pressure on profit margins grows, employers will in turn try to pass on higher wages in the prices they charge their customers. Wed, 02 Nov 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/avoiding-a-wage-price-spiral-requires-effort-from-governments-central-banks-and-social-partners/ Dutch companies are increasingly raising capital by issuing green bonds, new figures from DNB reveal. Thu, 27 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/non-financial-companies-lead-in-green-bonds/ A recent DNB analysis finds that the main driver behind the pre-pandemic sluggish corporate credit growth has been subdued demand. It also suggests that corporate bank lending in the Netherlands decreases more after a crisis and takes longer to recover compared to the rest of the euro area. Thu, 27 Oct 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/slow-growth-in-corporate-lending-before-the-pandemic-mainly-due-to-low-demand/ In the third quarter of 2022, Dutch pension funds saw their funding ratios improve relative to the second quarter, as the value of their liabilities showed a steeper decline than their assets. Tue, 25 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-pension-sector-s-funding-ratio-improves/ Introduction Klaas Knot delivered at the G30 panel Sat, 15 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-policy-responses-in-a-pandemic-and-conflict-impacted-world/ An insurance guarantee scheme (IGS) can be designed such that it offers policyholders affordable additional protection for their insurance. This emerged from a study conducted by De Nederlandsche Bank into the feasibility and affordability of such a scheme in the Netherlands. Thu, 13 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/a-feasible-and-affordable-insurance-guarantee-scheme-for-policyholders/ DNB and the OMFIF Sustainable Policy Institute have hosted a one-day conference on the relevance of biodiversity loss for the financial system and vice versa, and on the role of public and private finance in the preservation of biodiversity. Wed, 12 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/three-takeaways-from-our-biodiversity-conference/ Good morning everyone and a warm welcome to this press conference on the Financial Stability Report. I would like to start with a brief outline of the key messages from the FSR and I will then be happy to answer your questions. Mon, 10 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/introductory-remarks-by-klaas-knot-at-the-press-conference-on-the-fsr/ Financial stability risks have increased over the past six months. High inflation, rising interest rates, the war in Ukraine and the possibility of a global recession have combined to create an unprecedented situation. Mon, 10 Oct 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/inflation-and-growth-outlook-put-financial-sector-to-the-test/ The new EU regulation for issuers of crypto assets and crypto service providers – the Markets in Crypto Assets Regulation (MiCAR) – is a welcome step in the regulation of European crypto markets, according to DNB in response to the recent agreement reached in Brussels on the regulation. Thu, 06 Oct 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/micar-important-step-in-regulation-of-crypto-markets/ Ben jij een professional bij een financiële instelling en wil je in minder dan een uur meer leren over biodiversiteit? Dan is deze nieuwe e-learning die je de basisbeginselen over biodiversiteit bijbrengt iets voor jou. Thu, 29 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/the-sustainable-finance-platform-launches-e-learning-biodiversity-basics-for-professionals-of-financial-institutions/ During the DNB - OMFIF conference at Artis Klaas Knot called out for action to prevent biodiversity loss: “Our demand for nature’s goods and services far exceeds our planet’s ability to produce them on a sustainable basis. Now it’s time to restore the balance and save our planet and our economy. Thu, 29 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-to-quagga-or-not-to-quagga-time-to-restore-the-balance/ “There is no GPS to navigate climate-related risks. The navigation tools are still being developed. But fortunately, progress is being achieved rapidly – and it is up to us to catch the wind in our sails. The FSB Roadmap is an important tool to help us do that.” Thu, 29 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-navigating-climate-related-financial-risks/ “We have thirty years of experience to learn from. Thirty years of crises and successes, of design flaws and great innovation, of opportunities for reform that we have missed, and opportunities for prosperity gains that we have seized.” This is what Klaas Knot said at the Maastricht Treaty. Tue, 27 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-working-on-progress-on-public-and-private-risk-sharing-in-the-emu/ “The job for central bankers is clear. Like on the painting, we will rise up, fiercely spread our wings, and protect our eggs from the menacing mongrel of inflation,” said Klaas Knot, referring to "The Threatened Swan" at the informal dinner of the Economic and Financial Committee at the Rijksmuseum Fri, 23 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-spreading-our-wings-how-monetary-and-fiscal-policy-can-fight-inflation/ The Dutch current account balance has been revised downwards for the period 2015-2021 following recent research by Statistics Netherlands. Fri, 23 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/current-account-surplus-revised-sharply-downwards/ Dutch households again lost a significant amount of wealth in the stock market in the second quarter of 2022. Thu, 22 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/households-again-suffer-big-losses-on-equities/ The European Central Bank is tightening monetary policy in response to high inflation. This will have a negative impact on the profitability of De Nederlandsche Bank (DNB) and therefore on its capital position, as DNB has disclosed in a letter to Finance Minister Sigrid Kaag. Tue, 20 Sep 2022 15:56:08 GMT https://www.dnb.nl/en/general-news/news-2022/dnb-foresees-deterioration-of-capital-position/ Data and data mobility are having a growing impact on financial services. Moreover, new EU regulation has been proposed or is expected that aims to create an EU data market by 2030 by enhancing the ability of data holders to share their data. Thu, 15 Sep 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/data-mobility-and-the-financial-sector-how-to-regulate/ “Sustainable finance is not only about managing financial risks, about stability. Sustainability is also about change. About making better choices for a better world.” That was the message of Klaas Knot in his lecture at One Planet, where he spoke to an audience of mainly students. Wed, 14 Sep 2022 17:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-towards-a-sustainable-economy/ Since 2011, the Royal Netherlands Academy of Arts and Sciences and De Nederlandsche Bank (DNB) together facilitate the Annual Inspire2Live Congress. In this year’s edition, executive board member of DNB Olaf Sleijpen held a speech. Wed, 14 Sep 2022 16:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-olaf-sleijpen-embracing-a-healthy-economy/ In the fourth quarter of 2021, the surplus on the Dutch current account amounted to €15.2 billion, bringing the full-2021 surplus to €81.4 billion. Tue, 13 Sep 2022 13:36:47 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-current-account-surplus-back-at-2019-level/ A more risk-based approach will sharpen the focus of efforts to keep the financial sector free from financial crime. Fri, 09 Sep 2022 09:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/fight-against-money-laundering-must-be-more-focused/ “The early days of the pandemic serve as a stark reminder that - in our globalized economies - inward-looking policies almost always lead to a negative sum game. Fri, 09 Sep 2022 09:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-from-thaler-to-tackle-on-how-to-lift-us-out-of-the-current-crises/ De Nederlandsche Bank has published a report on preventing and combating financial crime. It recommends zooming in on the high-risk customer categories. An interview with Loes Wenink, supervisor at DNB. Fri, 09 Sep 2022 07:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/biggest-money-laundering-risks-must-be-given-top-priority/ Dutch pension funds sold €88 billion worth of assets in the first half of 2022, according to figures from DNB. They used part of the proceeds to meet the margin requirements under derivatives contracts, which had risen due to increased interest rates. Thu, 08 Sep 2022 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-pension-funds-sell-record-amount-in-assets/ "The current environment implies that the path and endpoint of the policy rate will be uncertain. That also implies that we will continue to take our decisions on a meeting-by-meeting basis, and that we will persevere until the inflation outlook has stabilized,” said Klaas Knot... Tue, 30 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-a-time-to-act-the-outlook-for-monetary-policy-in-the-euro-area/ A substantial part of the Dutch working population does not participate in an occupational pension scheme. A significant part of this group does not compensate for this with other forms of savings either. Thu, 25 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/workers-with-no-occupational-pension-also-save-little-privately/ In the aftermath of the Global Financial Crisis, central banks vastly expanded their toolkits in order to continue fulfilling their mandate. In addition to the regular rate setting policy, they have added new instruments such as asset purchase programmes and targeted lending operations to banks. Mon, 22 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/ecb-monetary-toolkit-constantly-evolving/ There are currently no indications that inflation, through wage increases and a self-reinforcing wage-price spiral, will develop into long-term high inflation. This means there is room for more wage growth in the current macroeconomic conditions. Wed, 17 Aug 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/wages-are-rising-in-line-with-inflation-to-a-limited-extent/ The current high inflation in the Netherlands occurs in a different economic environment than in the 1970s. Back then, the labour market, the financial position of businesses and monetary policy were a breeding ground for stagflation. Thu, 28 Jul 2022 08:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/inflation-is-high-but-context-differs-from-the-1970s/ In the second quarter of 2022, Dutch pension funds saw their average funding ratio improve relative to the first quarter, as the value of their liabilities showed a steeper decline than their assets. Pension assets went down by €190 billion to €1,517 billion. Tue, 26 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/dutch-pension-funds-average-funding-ratio-improved/ On Thursday, 21 July the European Central Bank (ECB), in addition to a 0.5% interest rate increase, announced the transmission protection instrument (TPI). Mon, 25 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/ecb-announces-new-instrument-in-fight-against-rising-inflation/ At a macro level, the sharp increase in energy prices has a limited impact on the profitability of Dutch companies. Even in an extreme scenario, the negative consequences remain manageable. Mon, 18 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/higher-energy-costs-have-limited-impact-on-corporate-profits/ Public trust in financial institutions has remained stable over the past year, while trust in other sectors (such as politics and the public sector) has decreased. This has emerged from a DNB survey held among more than 2,200 Dutch households. Wed, 06 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/trust-in-financial-institutions-stable/ The Dutch current account balance of €20.2 billion in the first quarter of 2022 was €2.3 billion lower than a year earlier, according to figures from DNB. This was due to lower revenues from abroad, including Russia. Tue, 05 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/russian-invasion-contributes-to-fall-in-dutch-current-account-balance/ De Nederlandsche Bank (DNB) apologises for its role in the Atlantic trade in enslaved people in the nineteenth century. DNB is also taking measures to help reduce the repercussions of the legacy of slavery for those directly affected to this day. Fri, 01 Jul 2022 13:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dnb-apologises-for-its-historical-links-to-slavery/ “Today, on behalf of De Nederlandsche Bank, I apologise. I offer our sincere apologies to all descendants of enslaved people in the Netherlands, in Suriname, in Bonaire, Sint Eustatius and Saba, in Aruba, Curaçao and Sint Maarten. Fri, 01 Jul 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-keti-koti-2022-marks-turning-point-for-dnb/ Income from foreign direct investment (FDI) in the Netherlands flowing to low-tax countries has fallen sharply over the past two years. This is probably due to newly introduced national and international legislation, according to a DNB analysis. Tue, 28 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/income-flowing-to-tax-havens-through-the-netherlands-significantly-down/ “The current macroprudential framework is not yet complete and effective to address all the different systemic risks within the financial system. Mon, 20 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-macroprudential-supervision-what-s-in-a-name/ The Dutch economy has shown a rapid and strong recovery following the coronavirus (COVID-19) recession. The Russian aggression against Ukraine is driving energy prices higher amid greater uncertainty, and global trade is under pressure. Mon, 13 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/war-in-ukraine-hits-newly-recovered-dutch-economy/ With the ongoing digitalisation of financial services, cyber threats are posing increasing risks for the financial sector. In a new study, DNB investigates under which circumstances a cyber incident at a financial institution could develop into a threat for the financial system as a whole. Wed, 08 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/cyber-risks-also-relevant-to-financial-stability/ The Biodiversity Working Group of the Sustainable Finance Platform, together with the Erasmus Platform for Sustainable Value Creation, today published its study “Financing regenerative agriculture”. Tue, 07 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/regenerative-finance-solutions-to-restore-and-conserve-biodiversity/ The volume of investments by Dutch households in listed equities fell by €3.0 billion to €58.9 billion in the first quarter of 2022. The 4.9% drop compared to the previous quarter was mainly due to falling share prices; only a small part was caused by sales of shares. Tue, 07 Jun 2022 09:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-households-suffered-large-losses-from-equity-investments-in-first-quarter-of-2022/ For his speech at the Green Swan Conference, Klaas Knot spoke in his capacity as Chair of the Financial Stability Board (FSB) about the role of the financial sector in the transition to net-zero. Wed, 01 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-propelling-a-graceful-transition-the-role-of-the-financial-system/ “Data are essential to innovate financial products and financial processes. To enable financial institutions to offer cheaper, faster and more personalised services. To increase efficiency and economic growth,” Steven Maijoor said at the 6th edition of FinTech meets the Regulators. Wed, 01 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-data-make-the-world-go-round-on-open-data-and-open-finance/ “Last year, we focused on the impact of the COVID-19 crisis. Just when we seem to have put the COVID-19 pandemic behind us and embarked on a strong economic recovery, the economy and the financial system are being tested again.” Wed, 01 Jun 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/klaas-knot-s-introductory-statement/ We have increased the countercyclical capital buffer (CCyB) from 0% to 1%. As a result, banks that provide loans in the Netherlands – including banks from outside the Netherlands – must set aside extra capital for these loans. For the Dutch banking sector as a whole this amounts to an... Fri, 27 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/dnb-activates-countercyclical-capital-buffer-ccyb-in-the-netherlands/ One month after the bankruptcy of Amsterdam Trade Bank (ATB), 95% of the guaranteed savings deposits have already been paid to ATB’s duped account holders. About 80% of all customers have applied for compensation. Wed, 25 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/95-of-guaranteed-savings-deposits-of-bankrupt-atb-now-paid-out/ After a strong recovery from the COVID-19 pandemic in 2021, the war in Ukraine and high inflation have worsened the economic outlook and increased financial stability risks. In addition to the enormous humanitarian consequences in Ukraine itself, the economic and financial impact of the war... Wed, 25 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/financial-stability-risks-increased-due-to-war-and-high-inflation/ Commercial banks end the year on a profit or loss, but what about a central bank like De Nederlandsche Bank (DNB)? And what happens if DNB makes a profit, or indeed a loss? Does DNB maintain buffers to absorb losses? And what’s the financial bottom line after 23 years of working with the euro? Thu, 19 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/how-does-dnb-s-profit-and-loss-account-work/ How can supervisors leverage data even better in supervision? This is the key question in Steven Maijoor’s speech at the Data Science Conference of the DNB Data Science Hub. Fri, 13 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-data-science-for-supervision-what-s-in-it-for-us/ On 11 May, Steven Maijoor spoke at the AFME European Sustainable Finance conference. He talked about how climate-related and environmental (C&E) risks affect the financial system and about how supervisors and banks must respond to these risks. Wed, 11 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-on-how-climate-related-and-environmental-risks-affect-banking-and-its-prudential-supervision/ On May 11, Klaas Knot spoke at the International Swaps and Derivatives Association in Madrid in his capacity as chairman of the Financial Stability Board (FSB). He talked about the current challenges to global financial stability and the measures being taken by the FSB to address them. Wed, 11 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-diverse-challenges-common-threads-preserving-global-financial-stability-today-and-tomorrow/ In the past two years, Dutch institutional investors increasingly preferred riskier high-yield (HY) bonds over their safer investment-grade (IG) counterparts. Most of these investments in HY debt securities are made abroad, for example in US firms and Brazilian and South African governments. Fri, 06 May 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-institutional-investors-increasingly-turn-to-high-risk-bonds/ From today, savers at Amsterdam Trade Bank (ATB) can get their savings back, up to €100,000 per person. This means most account holders will regain access to their savings within a few business days. Thu, 28 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dnb-starts-compensation-payouts-to-customers-of-amsterdam-trade-bank/ In the first quarter of 2022, Dutch pension funds saw their financial position improve for the eighth consecutive quarter, as the value of their liabilities showed a steeper decline than their assets. Tue, 26 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/dutch-pension-funds-financial-position-improved/ On 22 April 2022, De Nederlandsche Bank (DNB) decided to activate the Dutch deposit guarantee scheme (DGS) for account holders of Amsterdam Trade Bank N.V. (ATB). DNB administers the Dutch Deposit Guarantee on behalf of the Dutch government. Fri, 22 Apr 2022 18:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dnb-activates-deposit-guarantee-scheme-for-amsterdam-trade-bank-n-v-customers/ The public and the media have raised questions about service provision at Amsterdam Trade Bank (ATB). De Nederlandsche Bank (DNB) is in close consultation with the institution and we expect to be able to provide further information shortly. Fri, 22 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/update-on-amsterdam-trade-bank/ Dutch people increasingly prefer paying contactless, using either debit cards or devices such as mobile phones, smartwatches and wearables. The use of cash slightly declined during 2021, with one in five payments being made in cash. Tue, 12 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/increasing-preference-for-contactless-payments/ Twenty-three organisations closely involved in the Dutch payment system signed a new Cash Covenant this week. The aim of the agreements is to ensure that cash continues to function properly as a means of payment at points of sale in the face of a steady increase in electronic payments. Thu, 07 Apr 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/new-covenant-lays-down-agreements-on-proper-functioning-of-cash/ During the coronavirus (COVID-19) crisis, the Dutch government supported trade and industry with a comprehensive package of measures. Wed, 30 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/coronavirus-support-has-been-effective-but-different-approach-needed-for-the-future/ In these times of increasing digitalisation, the new Payments Strategy of De Nederlandsche Bank (DNB) focuses on safeguarding trust. Tue, 29 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/trust-at-the-heart-of-the-dnb-payments-strategy/ On 25 March, Klaas Knot gave a masterclass at the Treasury Fair organised by DACT (Dutch Association of Corporate Treasurers). Klaas talked about the lasting effects of the COVID-19 pandemic on our economies and on finance. Fri, 25 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/lasting-effects-of-the-pandemic-on-the-economy-and-finance/ Since year-end 2018, the value of investments held by Dutch households has increased by EUR 58 billion to over EUR 185 billion at year-end 2021, according to the first publication of new DNB statistics on households’ investments. This growth was mainly driven by price gains. Thu, 24 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-households-investments-grew-to-over-eur-180-billion-in-2021/ Interview with Klaas Knot, conducted by Guillaume Benoît and Sophie Rolland of les Echos, published on March 21, 2022. See the English and French version below. Mon, 21 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-les-echos/ At 31 December 2021, the volume of Dutch securitisations outstanding, also referred to as re-packaged loans, stood at €168 billion. Mon, 21 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/value-of-outstanding-dutch-securitisations-below-that-of-covered-bonds-for-the-first-time/ Let me begin by saying how satisfying it is to see you all in person again, after two years of virtual press conferences, for the presentation of our annual report. Current world affairs make that feeling of satisfaction rather relative, however. Thu, 17 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/introduction-by-the-president-at-the-press-conference-for-dnb-s-2021-annual-report/ European fiscal rules could become more effective if they were aimed more at public spending and less at the size of the public deficit and debt. Wed, 09 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/the-expenditure-rule-can-contribute-to-credible-debt-reduction-and-countercyclical-fiscal-policies/ The topic of this event is called ‘who has power in financial markets’. This is an intriguing question. As recent events show, financial markets do not operate in isolation, in a vacuum – so to speak. Tue, 08 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-banking-in-the-digital-age-seizing-opportunities-managing-risks/ What should banks, insurers, trust offices and other financial institutions do now that so many sanctions have been imposed? And is this process monitored? Tue, 08 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/financial-sanctions-who-does-what-and-who-monitors-this/ The European Union has imposed a range of financial sanctions against Russia in the last few days. Below is an overview of the various sanctions. Wed, 02 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/the-sanctions-against-russia-at-a-glance/ The European Union has imposed and announced various sanctions against Russia in the last few weeks. Follow the latest news on the sanctions and their impact on the financial sector, payments and the economy. We will update this page on a regular basis. Tue, 01 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/latest-news-on-sanctions-against-russia/ The European Union has announced that it will disconnect Russian banks from SWIFT. What is SWIFT, who does it belong to, and what are the consequences if a country is excluded? Tue, 01 Mar 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/five-questions-about-swift-update-of-4-march/ The European Union imposed sanctions against the Central Bank of Russia on 28 February. As a result, the Russian central bank can no longer access its assets at private institutions and central banks in the European Union. Mon, 28 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/what-do-the-sanctions-against-the-central-bank-of-russia-mean/ In his speech at Eurofi, Klaas Knot spoke in his capacity as Chair of the Financial Stability Board about the Covid exit, digitalization and climate change. Fri, 25 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-a-global-europe-to-meet-global-financial-stability-challenges/ The European Union has imposed a range of sanctions on Russia. What are financial sanctions, what are the consequences of these sanctions for the Netherlands and how does the war affect our economy? Read our answers to the main questions. Fri, 25 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/nine-questions-on-the-sanctions-and-the-economic-consequences-of-the-war/ In his speech as FSB Chair befor the G20 Finance Ministers and Governors, Klaas Knot said we may have seen only the beginning of the changes that the pandemic, digitalization and climate change are bringing to the financial system, and our economies more widely. Thu, 17 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/navigating-change-in-the-global-financial-system-the-role-of-the-fsb/ Dutch investments in EU bonds are among the top three largest within the European Union (EU). The capital raised with these bonds is used to finance the European Commission's (EC) extensive COVID-19 recovery plans. Thu, 17 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-financial-institutions-invest-heavily-in-new-eu-bonds/ A European or Dutch carbon tax will affect the Dutch economy in almost equal measure. Our economy will actually benefit from an international tax, however. Wed, 16 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/carbon-pricing-economic-impact-and-preconditions/ Between 1814 and 1863, De Nederlandsche Bank (DNB) and its former directors were involved in slavery. This emerges from by independent scholarly study conducted by Leiden University, which was published today. We deeply regret these findings. Wed, 09 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/dnb-s-history-is-closely-intertwined-with-slavery-dnb-starts-a-process-of-reflection/ In his speech at the 6th Annual Afore Conference, Steven Maijoor spoke about the complexity of reshaping regulation and supervision in a financial sector where platforms and new technology play in increasingly important role. Wed, 09 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-steven-maijoor-changing-landscape-changing-supervision-preserving-financial-stability-in-times-of-tech-revolution/ In the coming years, many new homes will have to be made more sustainable. That will not happen by itself. At present, homeowners often refrain from investing in insulation or a heat pump, for example. This is partly due to financial bottlenecks. Tue, 08 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/encourage-homeowners-to-make-their-homes-more-sustainable/ The financial sector as a driver of the circular economy. How do we achieve this? The Circular Economy Working Group of the Sustainable Finance Platform puts forward proposals for a number of concrete actions. Mon, 07 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/financial-sector-presents-roadmap-to-circular-economy/ Demand for loans to enterprises increased in the second half of 2021 as firms became more willing to invest. Tue, 01 Feb 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/dutch-banks-demand-for-loans-to-enterprises-increased-in-late-2021/ In 2021, Dutch households continued to save heavily. The total balance in current and savings accounts of Dutch households increased by €33.8 billion to a total of €528.4 billion in 2021. Mon, 31 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2022/households-saved-less-in-2021-than-in-first-year-of-the-covid-19-pandemic/ A total of 26,100 counterfeit euro banknotes were withdrawn from circulation in the Netherlands in 2021, roughly the same number as in 2020. Worldwide, a total of 347,000 counterfeit euro banknotes were detected, a decrease of 25% compared to 2020. Fri, 28 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/press-release-2022/number-of-counterfeit-euro-banknotes-remains-stable/ In the fourth quarter of 2021, Dutch pension funds saw their financial position improve for the seventh consecutive quarter, as pension assets increased by €63 billion to €1,815 billion, while the value of liabilities remained virtually unchanged at €1,588 billion. Tue, 25 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/financial-position-of-dutch-pension-funds-improved-in-fourth-quarter-of-2021/ Good financial supervision is not only about the ability but also about the will to act. This requires supervisors to have a clear and unambiguous mandate, operational independence coupled with accountability, and a relationship with industry and government that avoids regulatory capture. Tue, 18 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2022/speech-klaas-knot-the-ability-and-the-will-to-act/ The total carbon footprint of the bitcoin network increased by about 25% in 2020, while the number of transactions fell by 6%. This amounts to a climate impact of about 402 kg of CO2 per bitcoin transaction in 2020, Thu, 13 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2022/better-insight-into-bitcoin-s-climate-impact/ Higher interest rate levels are favourable for the banking sector. But a scenario of persistently low interest rates poses challenges. Thu, 06 Jan 2022 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2022/banks-profits-under-pressure-in-persistently-low-interest-rate-environment/ The FD sentiment indicator, based on articles in Dutch financial daily Het Financieele Dagblad (FD), has partially recovered following a sharp drop at the start of the coronavirus crisis. Thu, 30 Dec 2021 09:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/fd-sentiment-indicator-annual-overview-2021-in-the-rear-view-mirror/ The Dutch economy has shown a rapid and strong recovery from the coronavirus recession of 2020. GDP is expected to grow by 4.5% this year. We have prepared the forecasts for the years ahead at a time of great uncertainty. Mon, 20 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/strong-economic-recovery-despite-resurgence-of-pandemic/ EIOPA, the European supervisory authority for pension funds and insurers, has just published the results of a stress test conducted earlier this year among 44 European insurers. Thu, 16 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/eiopa-publishes-results-of-stress-test-for-european-insurers/ The Biodiversity Working Group of the Sustainable Finance Platform has developed a roadmap to help financial institutions address biodiversity loss. The roadmap offers guidance for institutions that are new to this theme, but also for institutions that have already taken their first steps. Thu, 16 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/financial-institutions-share-roadmap-to-protect-biodiversity/ Today, the European supervisory authority for insurers and pension funds (EIOPA) published a detailing the results of a stress test carried out among insurers in the European Union. Thu, 16 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/european-stress-test-scenario-has-limited-impact-on-dutch-insurers/ This afternoon, the Dutch Minister of Finance sent the report of the Conservatrix Evaluation Committee to the House of Representatives of the Netherlands. Tue, 14 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/minister-of-finance-sends-conservatrix-evaluation-committee-report-to-the-house-of-representatives/ Some 85% of pension funds have started to prepare for the new pension system. Thu, 09 Dec 2021 15:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/most-pension-funds-have-started-preparing-for-the-new-pension-system/ On 9 December, Klaas Knot spoke at the 13th Conference on Payments and Market Infrastructure, jointly organised by the National Bank of North Macedonia and De Nederlandsche Bank. Thu, 09 Dec 2021 15:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-on-payment-trends-opportunities-and-risks/ Speech by Klaas Knot at the FSB/FSI high-level Round Table to mark the 10th year anniversary of the adoption of the Key Attributes of Effective Resolution Tue, 07 Dec 2021 13:15:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-planning-is-everything-the-fsb-s-key-attributes-and-what-we-have-learnt-from-them/ The lack of consistent and reliable data makes measuring sustainability risks difficult, but not impossible. Tue, 07 Dec 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/sustainability-risks-can-be-measured-despite-data-constraints/ Klaas Knot, President of De Nederlandsche Bank (DNB), today has taken office as Financial Stability Board (FSB) Chair. He has been serving as FSB Vice Chair before taking office. Thu, 02 Dec 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/klaas-knot-takes-office-as-fsb-chair/ Despite the coronavirus crisis, the distribution of labour and profit income has remained constant. This is reflected in the labour income share (LIS) development of the market sector in 2020. It is notable that the LIS has remained stable. Thu, 02 Dec 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/stable-distribution-of-labour-and-profit-income-despite-coronavirus-crisis/ Consumers are increasingly paying electronically for in-store purchases. In 3% of stores they have no alternative because the retailer pursues a card-only policy. 27% of retailers use promotional materials to encourage consumers to pay electronically. Thu, 25 Nov 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dnb-calls-for-unambiguous-communication-about-cash-acceptance/ After being subdued for a number of years, euro area inflation has recently increased markedly. This raises two main questions. What are the drivers of this development? Mon, 22 Nov 2021 22:30:00 GMT https://www.dnb.nl/en/general-news/news-2021/the-surge-in-euro-area-inflation-during-the-pandemic-transitory-but-with-upside-risks/ Dutch investments in SPACs have increased strongly in the last year, particularly Institutional investors’ investments in these companies. Mon, 15 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/institutional-investors-increasingly-investing-in-spacs/ At the UBS European Conference today, Klaas Knot spoke about the outlook for inflation and monetary policy in the Euro Area. Tue, 09 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/remarks-klaas-knot-the-outlook-for-inflation-and-monetary-policy-in-the-euro-area/ Dutch mortgage debt is also on the rise. Unlike before, it is mainly institutional investors who are responsible for this growth, rather than the banks. In addition, growth is relatively subdued from a historical perspective in relation to the rise in house prices. Mon, 08 Nov 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/new-mortgage-loans-mainly-provided-by-institutional-investors/ On 5 November, Olaf Sleijpen opened the 24th Annual Research Conference of De Nederlandsche Bank. This year’s conference theme was: “The Economy in Transition: Efficient and Sustainable Policies to Support Business Dynamism”. Fri, 05 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-olaf-sleijpen-about-failing-small-in-order-not-to-fail-big/ The higher prices that businesses have faced in recent months are increasingly translated into higher consumer prices. This mainly concerns price increases for products that previously exerted downward pressure on inflation in the Netherlands. Fri, 05 Nov 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/supply-bottlenecks-visible-in-inflation/ On 3 November 2021, on Finance Day at the COP26, we will publish a statement in which we pledge, within our mandate, to contribute to a decisive policy commitment to implement the Paris Agreement and to mitigate the impact of climate change. Wed, 03 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dnb-publishes-pledge-cop26-1-1/ From an economic perspective, pricing is the most efficient means of reducing carbon emissions. As climate change is a worldwide problem, carbon pricing works best with a global price for carbon emissions. However, complete global pricing seems infeasible. Wed, 03 Nov 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/towards-a-global-price-for-carbon-emissions/ Banks have not generally lowered their credit assessments of Dutch businesses compared to before the coronavirus crisis. In most of the hardest-hit sectors, non-performing loans have however increased markedly following the outbreak of the pandemic. Thu, 28 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dutch-businesses-creditworthiness-so-far-so-good/ In the third quarter of 2021, Dutch pension funds saw their financial position improve for the sixth consecutive quarter, as growth in their aggregate pension assets outstripped the increase in liabilities. Tue, 26 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/financial-position-of-dutch-pension-funds-improved-in-third-quarter-of-2021/ In his speech at the Green Economy Conference at the Bank of Lithuania today, Olaf Sleijpen argued that central bank involvement in the race to net zero is both obvious and necessary, given that climate change and other forms of environmental degradation form a major financial stability risk. Thu, 21 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-olaf-sleijpen-the-long-run-the-road-to-net-zero-and-the-role-of-central-banks/ A wide range of factors contribute to confidence in the payment system, the most important of which is being able to pay safely. High public confidence in the payment system held up well during these turbulent times. Thu, 21 Oct 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/safe-payments-are-fundamental-to-sustaining-trust-and-confidence-in-the-payment-system/ The overheated Dutch housing market has to contend with multifaceted and urgent issues. Fri, 15 Oct 2021 06:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/four-key-elements-for-achieving-a-more-balanced-housing-market/ The economic recovery continues at a robust pace, the search for yield continues and house prices keep going up. Against this backdrop, it is important not to lose sight of growing vulnerabilities and risks to financial stability. Mon, 11 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/robust-economic-recovery-but-vulnerabilities-on-the-rise/ On 11 October 2021 Klaas Knot presented our six-monthly Financial Stabilty Report. You can read his introductory remarks here. Mon, 11 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/introduction-to-the-press-conference/ At the BIS Conference on Regulating Big Tech, Klaas Knot said that regulators need to re-examine their regulatory framework to respond to big tech risks to financial stability and competition. Thu, 07 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-big-tech-and-financials-a-happy-marriage/ The draft advisory report on social and economic policy for 2021-2025 of the Economic and Social Council of the Netherlands (SER) provides valuable guidance for the incoming government, in particular for curbing the excessive flexibility in the labour market. Mon, 04 Oct 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/ser-advisory-report-represents-important-step-in-future-proofing-dutch-labour-market/ The return on Dutch investment funds averaged 7.3% per year over the period from 2015 to July 2021. Fri, 01 Oct 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/return-on-dutch-investment-funds-is-the-highest-in-the-euro-area/ The ECB will incorporate climate change considerations in its new monetary policy strategy. Tue, 21 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-includes-climate-change-in-monetary-policy-strategy/ The European Central Bank (ECB) has decided to revise and broaden its analyses for monetary decisions. Within the new analytical framework, economic and monetary analyses will be more closely integrated, and more attention will be devoted to long-term developments and financial stability. Tue, 14 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-to-revise-analytical-framework-for-monetary-decision-making/ The costs of home ownership are to be included in the inflation measure of the European Central Bank (ECB). Tue, 07 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/home-ownership-costs-to-be-incorporated-in-the-inflation-measure/ Under the new strategy adopted this summer, the European Central Bank (ECB) wants to put an end to the confusion surrounding its inflation target. The ECB has raised its inflation target to 2% from the previous ‘below, but close to, 2%’. Wed, 01 Sep 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/ecb-sets-clear-and-simple-inflation-target/ Full quotes of the interview with Klaas Knot, conducted by Carolynn Look and Marton Eder on August 30 2021. Mon, 30 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-bloomberg/ Implementing an EU-wide tax of €50 per tonne of carbon emitted for the manufacturing, energy and transport sectors will have a modest impact on the competitiveness of the Netherlands and most other EU Member States. Mon, 30 Aug 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/improved-european-carbon-pricing-has-limited-impact-on-competitiveness/ Due to the coronavirus measures, households have been saving more, but they only expect to use a mere 14% of these savings for consumption. Thu, 26 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/households-expect-not-to-spend-the-vast-majority-of-savings-accumulated-during-the-pandemic-period-on-consumption/ De Nederlandsche Bank (DNB) announces that Binance* is providing crypto services in the Netherlands without the required legal registration with DNB. Wed, 18 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dnb-warns-against-binance/ In recent years, Dutch banks have strengthened their capital buffers. Four years ago, the largest Dutch banks were expected to need additional capital to meet the minimum standards set out in the Basel Accord. Wed, 18 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/dutch-banking-system-prepared-for-implementation-of-final-basel-iii-accord/ Crypto service providers not registered with DNB are not allowed to provide their services in the Netherlands. Four questions about unregistered providers and our supervision. Wed, 18 Aug 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2021/four-questions-about-unregistered-crypto-service-providers/ During the coronavirus (COVID-19) crisis, interest rates in the European money market were very divergent for some time. However, this was not the result of fragmentation in the market, and concerns about an impairment of monetary transmission were unjustified. Thu, 15 Jul 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/composition-of-collateral-explains-divergent-rates-in-european-money-market/ Following a historical contraction in gross domestic product (GDP) in 2020, the Dutch economy should recover strongly and rapidly, starting in the second quarter of 2021. This is projected to result in a GDP growth rate of 3.0% in 2021. Robust recovery is projected to continue into 2022, posting... Mon, 14 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/dutch-economy-expected-to-bounce-back-swiftly-after-covid-19-crisis/ As a result of the coronavirus (COVID-19) pandemic, many small and medium-sized enterprises (SMEs) have seen their turnover drop. Although the government's support and recovery package provides partial compensation, the crisis has affected the capital position and solvency of SMEs, particularly... Fri, 04 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/financial-health-of-most-dutch-smes-has-so-far-been-moderately-impacted-by-covid-19-pandemic/ Wed, 02 Jun 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/introductory-statement-by-klaas-knot-during-the-public-session-in-the-dutch-house-of-representatives-with-dnb-the-dutch-authority-for-the-financial-markets-afm-and-the-netherlands-bureau-for-economic-policy-analysis-on-macro-economic-risks/ More than a year after the outbreak of the coronavirus crisis, vaccination campaigns are picking up speed, and the virus appears to be coming under control. The end of the economic crisis therefore seems near. The outlook for the Dutch economy is favourable. Wed, 26 May 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/prospects-favourable-but-vulnerabilities-are-increasing/ Driven by rising stock prices, the total market value of Dutch companies reached an all-time high of EUR 1,407 billion in the first quarter of 2021, an increase of 13.6% quarter on quarter. Wed, 19 May 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/rising-stock-prices-drive-market-value-of-dutch-companies-to-record-high/ At the end of the first quarter of 2021, the balance sheet of De Nederlandsche Bank (DNB) amounted to no less than EUR 464 billion. This is an increase of EUR 149 billion (47%) compared to February 2020, just before the global outbreak of COVID-19, when DNB's balance sheet totalled EUR 314 billion. Mon, 17 May 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/dnb-balance-sheet-size-increases-due-to-covid-19-pandemic-response/ De Nederlandsche Bank (DNB) calls for climate investment to be scaled up. The lion's share of that investment will need to be made by private parties, while governments must create favourable conditions by pursuing appropriate climate policies. Wed, 12 May 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/new-dutch-cabinet-needs-to-boost-climate-investment/ Climate change and the energy transition are key challenges facing the economy and the financial sector. In the past year, we have taken important steps to identify the climate-related risks and opportunities of our own-account investment portfolios and to make our investments more sustainable. Thu, 06 May 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/update-socially-responsible-investment/ Over the past year, public trust in financial institutions has not weakened during the coronavirus (COVID-19) crisis. By contrast, trust in other key players in the Dutch economy and society has not emerged unscathed from the crisis. Mon, 03 May 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/trust-in-the-dutch-financial-sector-has-held-up-during-the-covid-19-crisis/ The surplus on the current account of the Dutch balance of payments in 2020 came to EUR 62 billion, or 7.8% of gross domestic product (GDP). Thu, 22 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/dutch-current-account-surplus-fell-sharply-in-2020/ About half of the Dutch population would be willing to open a current account for digital euros at the central bank, according to DNB research among a representative group of citizens. Thu, 22 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/digital-euro-appeals-to-half-of-the-dutch-population/ Commercial real estate prices may slide in the coming period, not only as a result of the coronavirus crisis and the lockdown restrictions, but also due to structural trends such as online shopping and remote working, both of which have accelerated since the outbreak of the pandemic. Mon, 19 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/the-impact-of-the-pandemic-on-the-commercial-real-estate-market/ Consumers in the Netherlands used debit cards, smartphones or wearables to pay for 79% of their purchases in shops, restaurants and similar establishments in 2020, which is a sharp rise compared to 2019. Tue, 13 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/pandemic-boosted-debit-card-use-in-2020-for-the-first-time-consumers-made-more-debit-card-payments-than-cash-payments-in-all-sectors/ Interview with Klaas Knot, President of De Nederlandsche Bank, conducted by Balazs Koranyi and Francesco Canepa of Reuters on April 6. A shortened version was published on April 7.  Wed, 07 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/media/interview-klaas-knot-with-reuters/ We have taken the atypical step of releasing interim projections, between our regular December and June projections. In his economics blog, Olaf Sleijpen explains: “Our economy shows not only adaptability but also resilience.” Tue, 06 Apr 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/blogs/blog-olaf-sleijpen-hope-springs-eternal/ Despite the sharp contraction of the Dutch economy in 2020, the unemployment rate increased only moderately last year. This conceals a number of deviating underlying developments in the labour market. The employment situation of young people in particular has deteriorated as a result of the crisis. Thu, 01 Apr 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/young-people-take-hardest-blows-on-the-labour-market/ Instant payments are already in widespread use in the Netherlands. But the instant execution of a euro payment to a customer of a foreign bank is not yet possible in many cases. Find out more. Wed, 31 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/introduction-of-instant-payments-across-the-euro-area/ In 2020, buy-to-let mortgages amounting to EUR 1.4 billion were packaged through securitisation and sold to investors. This accounts for one third of the total residential mortgage loans of EUR 4.2 billion that were securitised in 2020. Wed, 31 Mar 2021 10:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/more-packaged-loans-from-buy-to-let-mortgages/ An indicator that looks at positive and negative words in newspaper articles can be used to considerably improve the accuracy of short-term economic growth estimates. The almost ever-present prediction error in short-term forecasts can be reduced by 10% to 15% with the help of a sentiment indicator. Fri, 26 Mar 2021 22:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/measuring-the-state-of-the-economy-using-words-from-newspapers/ The Dutch economy was hit hard in the past year, marked by the pandemic, but recovery is in sight. Although the contraction of GDP was the largest on record, at 3.8%, it was still smaller than feared when the pandemic broke out, and also smaller than in many other countries. Mon, 22 Mar 2021 13:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/recovery-in-sight-after-historic-contraction-in-covid-19-crisis/ About a year ago this press conference was held remotely for the first time in the history of De Nederlandsche Bank (DNB). Back then, we had no way of knowing that we would now be meeting virtually once again. Mon, 22 Mar 2021 13:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/introductory-remarks-by-klaas-knot-at-the-press-conference-for-dnb-s-2020-annual-report/ Climate change and the energy transition are key challenges facing the economy and the financial sector. De Nederlandsche Bank (DNB) today presents its first progress report on financial climate-related risks and opportunities in its areas of responsibility, as part of its Annual Report. Mon, 22 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/dnb-publishes-its-first-report-on-financial-climate-related-risks-and-opportunities-in-accordance-with-tcfd-recommendations/ Steven Maijoor will join the Executive Board of De Nederlandsche Bank (DNB) on 1 April 2021. He is currently Chair of the Board of Supervisors of the European Securities and Markets Authority (ESMA). Fri, 19 Mar 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/steven-maijoor-will-join-dnb-s-executive-board-on-1-april-2021/ Women score lower than men in financial literacy surveys. This is largely because they do not always have the same level of confidence in their own financial knowledge, according to new research. So women underestimate their financial knowledge. "It is important we know this, because... Mon, 08 Mar 2021 09:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/women-underestimate-their-own-financial-knowledge/ Effective from 1 September 2021, Peter Blom has been appointed to the Supervisory Board of De Nederlandsche Bank (DNB). Fri, 19 Feb 2021 09:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/peter-blom-appointed-to-dnb-s-supervisory-board/ In a typical month, no more than 13% of prices for goods in the Netherlands are adjusted, according to research by De Nederlandsche Bank (DNB). Thu, 18 Feb 2021 08:05:00 GMT https://www.dnb.nl/en/general-news/news-2021/prices-in-the-netherlands-do-not-change-very-frequently/ Global trade in goods, which was hit hard at the beginning of the COVID-19 pandemic, has now recovered. The recovery is much faster than during the 2008-2009 financial crisis. Global trade in goods has proved resilient and is currently contributing to the global recovery from the COVID-19 crisis. Wed, 10 Feb 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/world-trade-recovers-faster-than-expected/ We launched our fully revamped website. With its enhanced user-friendly features, it also addresses a much wider audience. You’ll find some information in a different place. So if you have created favourites, links or bookmarks, we recommend that you update them. Tue, 02 Feb 2021 08:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/we-ve-launched-our-new-website/ Households deposited almost EUR 42 billion into their bank and savings accounts with Dutch banks in 2020, which is twice as much as in 2019. The main reasons for this are the containment measures and the increased economic uncertainty related to the coronavirus crisis. Fri, 29 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/exceptional-growth-in-household-deposits-in-2020/ In order to gain a proper understanding of the climate impact of the investments of financial institutions, it is important to consider inflation and exchange rate fluctuations. Thu, 28 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/inflation-and-exchange-rate-adjustments-improve-insight-into-climate-impact-of-financial-sector/ In the fourth quarter of 2020, Dutch pension funds saw their financial position improve again. Their combined managed assets went up EUR 94 billion to EUR 1,691 billion, while liabilities went up EUR 12 billion to EUR 1,687 billion. Tue, 26 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/financial-position-of-dutch-pension-funds-improved-in-fourth-quarter-of-2020/ The number of counterfeit euro banknotes in the Netherlands declined in 2020. A total of 25,500 counterfeit euro banknotes were withdrawn from circulation. That is some 34% less than in 2019. Fri, 22 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2021/press-release-fewer-counterfeit-euro-banknotes/ Flexible workers are much more likely to become unemployed than workers on permanent contracts. Moreover, they usually receive unemployment benefits for a shorter period than unemployed people previously on permanent contracts. Thu, 21 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/benefits-and-burdens-of-permanent-and-flexible-contracts-are-still-unevenly-shared/ Thu, 21 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-olaf-sleijpen-effective-investment-in-climate-action-what-can-central-banks-do/ The Netherlands benefits from a strong European Union (EU). Wed, 13 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2021/changing-international-relations-call-for-a-stronger-eu/ The assets managed by insurers and pension funds increased to EUR 2,112 billion at the end of the third quarter of 2020, which was higher than before the coronavirus crisis. This was mainly due to the recovery of stock exchange prices worldwide. Wed, 06 Jan 2021 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2021/assets-managed-by-insurers-and-pension-funds-beyond-coronavirus-crisis-dip/ The coronavirus crisis led to an increase in household savings in the second quarter of 2020. Remarkably, mortgage prepayments – which are also a form of savings – did not increase during the same period. They only increased in relatively young households. This may be due to their higher mortgage... Tue, 29 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/no-increase-in-households-mortgage-prepayments-despite-higher-savings/ Due to the COVID-19 pandemic, many Dutch consumers have switched to card- or smartphone-based contactless payment at points of sale. Tue, 22 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/contactless-payments-on-the-rise-during-the-covid-19-pandemic/ DNB supports the IFRS Foundation’s plans to set up a Sustainability Standards Board. Mon, 21 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-endorses-sustainability-standards-board/ A new DNB study concludes that cash still plays an essential role in society. However, the necessary infrastructure is under pressure, which can have negative consequences for the accessibility and acceptance of cash as a means of payment. DNB has therefore commissioned a medium-term study... Thu, 17 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-study-cash-must-remain-accessible-and-available/ The Netherlands contributes to the resources of the International Monetary Fund (IMF) with two new loan arrangements. Totalling EUR 16.8 billion, these loans supplement the IMF's lending capacity, maintaining its financial effectiveness. Wed, 16 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/the-netherlands-contributes-to-the-imf-s-lending-capacity-in-times-of-crisis/ In the first two quarters of 2020, the COVID-19 pandemic dealt the Dutch economy a severe blow. However, much of the loss in gross domestic product (GDP) was recovered in the third quarter. The second wave of infections will send GDP back into negative territory. Mon, 14 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-netherlands-in-deep-economic-crisis-but-less-severe-than-previously-feared/ At the 5th anniversary of the Paris Agreement, Frank Elderson spoke at the One Planet Summit about the promise governments from nearly 200 countries made five years ago: to keep the earth safe and inhabitable for future generations. Sat, 12 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-frank-elderson-climate-finance-towards-carbon-neutrality-2050/ In the Netherlands, most retailers still give their customers a choice in how they pay for their purchases. Research commissioned by DNB indicates that almost all retailers accept both cash (96%) and debit card payments (92%). Thu, 03 Dec 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/who-decides-the-way-we-pay-retailer-or-customer/ The COVID-19 crisis demands a great deal of attention and effort from the Dutch financial sector... Tue, 24 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-updates-its-supervision-priorities/ Against the background of the current economic crisis, banks need to identify their customers' payment problems in good time and adapt their provisioning policy accordingly... Tue, 24 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/banks-must-recognise-payment-problems-caused-by-the-economic-crisis-at-an-early-stage/ A quarter of the Dutch consumers authorised the use of their payment data during the past 12 months in exchange for the provision of new services based on these data, according to a survey conducted by De Nederlandsche Bank (DNB)... Thu, 19 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/a-quarter-of-dutch-consumers-shared-payment-data-in-exchange-for-services/ Today, DNB published a Q&A describing policy on how, for example, a bank or other financial entity is consolidated in the group balance sheet of insurance-led financial conglomerates... Sat, 07 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-publishes-qa-on-consolidation-in-insurance-led-financial-conglomerates/ The COVID-19 pandemic has a significant negative impact on the Dutch economy due to both constraints on production (supply side) and a reduction in spending (demand side)... Thu, 05 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/supply-and-demand-shocks-due-to-the-coronavirus-pandemic-contribute-equally-to-contraction-in-production/ 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’. Tue, 03 Nov 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/speech-klaas-knot-on-the-right-track-why-is-the-capital-markets-union-important-and-how-do-we-get-there/ Since 2015, the interest rates on interest-only mortgage loans have been higher than those on annuity-based mortgage loans. This price differentiation in mortgage loans provided by banks emerged when non-banks entered the market and banks began to earn less on their mortgage loans... Thu, 29 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/competition-intensifies-and-price-differentiation-increases-in-the-dutch-residential-mortgage-loan-market/ The third quarter of 2020 has seen improvement in the financial position of pension funds. Their assets went up EUR 41 billion to EUR 1,596 billion. In the same quarter, their liabilities increased by EUR 1 billion to EUR 1,675 billion. With the growth in assets outstripping that in liabilities... Tue, 27 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-pension-funds-financial-position-improved-october-2020/ As a result of the COVID-19 pandemic, the tightness in the labour market has eased rapidly. Despite this, Statistics Netherlands reported an average negotiated wage increase of 3.0% in September. Although newly concluded collective agreements already reflect the changed situation on the labour... Thu, 22 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/slowdown-in-wage-growth-on-the-way/ Paul Hilbers, until recently Director of Financial Stability at De Nederlandsche Bank (DNB), has today been appointed as new Executive Director at the International Monetary Fund (IMF) as of 1 November... Mon, 19 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/paul-hilbers-appointed-executive-director-to-the-imf/ The Dutch financial sector has so far proved resilient to the impact of the coronavirus crisis. Banks are sufficiently shock-resistant and can continue to fulfil their lending role. The second wave of infections, however, is leading to renewed uncertainty. This also increases the potential impact... Tue, 13 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-coronavirus-crisis-puts-dutch-financial-sector-to-the-test/ As a financial institution, how do you assess whether you are financing deforestation? What financial risks do you face as a result? And how can you limit your impact on deforestation? In a report published by the Biodiversity working group of the Sustainable Finance Platform, eight... Mon, 12 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/financial-sector-publishes-report-on-combating-deforestation/ Het afgelopen etmaal vrijdag 2 oktober 18.00 uur tot en met zaterdag 3 oktober 15.30 uur heeft een grootscheepse verhuisoperatie van Amsterdam naar Haarlem plaatsgevonden van ruim 200 ton aan goudbaren en een strategische voorraad bankbiljetten. Sat, 03 Oct 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/verhuisoperatie-goud-succesvol-afgerond/ Insurance claims for non-life insurers fell by 5% in the second quarter of 2020 from EUR 2.88 to 2.74 billion. The volume of motor insurance claims decreased particularly, due to the coronavirus crisis. Claims relating to occupational disability and ... Thu, 24 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/slight-drop-in-claims-for-non-life-insurers/ The surplus on the current account of the Dutch balance of payments fell by 7% (year-on-year) to EUR 12.6 billion at the end of the second quarter of 2020, the lowest it has been in four years. This corresponds to 6.6% of Dutch gross domestic product (GDP), see Figure 1. ... Wed, 23 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/coronavirus-squeezes-trade-surplus/ Acting in line with the European Central Bank (ECB), De Nederlandsche Bank (DNB) today confirmed that there are exceptional circumstances due to the coronavirus (COVID-19) pandemic. In doing so, DNB announced with respect to the smaller banks under its direct supervision what the ECB today... Thu, 17 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-replicates-temporary-ecb-relief-measure-on-banks-leverage-ratio-after-confirming-exceptional-circumstances-in-view-of-covid-19/ The inflation measurement problems due to the fact that no prices for certain categories of goods and services could not be observed as a result of the coronavirus pandemic, are now over. On average, items for which prices could not be measured but had to be estimated show a much higher inflation... Thu, 17 Sep 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/inflation-measurement-problems-due-to-unobservable-prices-are-over/ Tue, 01 Sep 2020 02:00:00 GMT https://www.dnb.nl/en/general-news/speeches-2021/speech-klaas-knot-emerging-from-the-crisis-stronger-together-how-we-can-make-europe-more-resilient-prosperous-and-sustainable/ As in many other countries, the Dutch government has introduced containment measures to reduce the spread of the COVID-19 virus. DNB research has demonstrated that these measures have been effective in reducing the number of COVID-19-related confirmed cases and deaths by limiting... Thu, 06 Aug 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/containment-measures-reduce-spread-of-covid-19/ In the Netherlands, the initial weeks of the lockdown saw payment transactions plummet in response to the COVID-19 pandemic, in terms of both numbers and value. Consumer payments have meanwhile rebounded in both terms. Supported by measures which Dutch banks have taken, contactless payments... Thu, 30 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/contactless-payments-gaining-further-ground-during-the-covid-19-crisis/ In the second quarter of 2020, Dutch pension funds saw their financial position improve relative to the first quarter. As financial markets recovered somewhat from the declines caused by the COVID-19 crisis as seen in the first quarter, the pension funds’ assets went up EUR 106 billion to ... Tue, 28 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-pension-funds-financial-position-improved-july-2020/ The coronavirus crisis has shown that a high dependence on crucial goods from abroad can create vulnerabilities. This has led to a renewed debate – including within Europe – on the imposition of restrictions on free trade... Thu, 23 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2020/dutch-trade-alongside-value-chains-focuses-mainly-on-europe/ The tripling of house prices in the Netherlands over the last 25 years is primarily attributable to homebuyers’ increased borrowing capacity, and less so to changes in the housing shortage... Thu, 16 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/house-prices-are-more-closely-related-with-borrowing-capacity-than-with-housing-shortage/ Dutch investors purchased domestic debt securities during the COVID-19 pandemic. In March, April and May 2020 their net purchases amounted to EUR 55 billion, while on balance there were no purchases of foreign debt securities. ... Thu, 16 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/domestic-debt-securities-portfolio-increased-by-eur-55-billion-during-the-coronavirus-crisis/ In a survey distributed by DNB, Dutch banks report that they tightened the credit standards for corporate loans and residential mortgage loans in the second quarter of 2020. In the next three months they expect to tighten these standards even further. Tue, 14 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/banks-tightened-credit-standards-for-corporate-loans-and-residential-mortgage-loans/ In the financial sector, more attention should be paid to climate risks in meetings with customers. In the case of corporate clients, this mainly concerns the potential impact of climate risks on their business operations, and in the case of mortgage owners, for example, the sustainability of... Thu, 09 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/working-group-on-climate-risk-as-a-financial-institution-discuss-climate-risks-with-customers/ In spite of concerns over the harmful impact of the coronavirus (COVID-19) crisis, Dutch households maintain confidence in their own financial institutions. The unflagging public trust in banks, insurance firms and pension funds was recorded against the backdrop of strengthened trust in... Thu, 09 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/covid-19-concerns-do-not-affect-public-trust-in-dutch-financial-sector/ Between 2014 and 2018, gross wage growth lagged behind contractual wage growth in spite of an economic upswing and a tightening labour market. One of the causes is the influx of young employees and flex workers during that period. This emerged from a joint study conducted by De Nederlandsche Bank... Thu, 02 Jul 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/influx-of-young-employees-and-flex-workers-slowed-down-wage-growth/ At the end of 2019, the policy funding ratio of 150 Dutch pension funds was below the required level. They expect to make up these shortfalls using the rerturn on investments they expect to realise in the years ahead. This is evidenced by the recovery plans the pension funds had to submit to... Thu, 25 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dutch-pension-funds-expect-to-rely-on-surplus-returns-for-recovery/ Central banks and prudential supervisors around the world are stepping up efforts to integrate climate-related risks into their work, in particular financial stability monitoring... Wed, 24 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/ngfs-publishes-climate-scenarios-for-forward-looking-climate-risks-assessment-a-user-guide-and-an-inquiry-into-the-impact-of-climate-change-on-monetary-policy/ The financial sector is exposed to risks as a result of biodiversity loss. This emerged from a joint study by De Nederlandsche Bank (DNB) and PBL Netherlands Environmental Assessment Agency. The new study builds on the report Values at risk?, published last year... Thu, 18 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/indebted-to-nature/ Dutch investors strongly retrenched to their home market in April 2020. They purchased a net amount of EUR 29 billion in domestic debt securities, while selling EUR 10 billion in foreign debt securities. Dutch firms also issued a record amount (EUR 42 billion) of corporate bonds in April 2020. Thu, 11 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-investors-retrench-to-their-home-market-during-the-covid-19-crisis/ The economic crisis brought about by the coronavirus (COVID-19) pandemic is also affecting the financial sector. Risks to financial stability will grow as long as the crisis continues... Mon, 08 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/protracted-coronavirus-crisis-could-severely-hit-the-dutch-financial-sector/ A group of eight Dutch financial institutions have revealed how they attempt to curb the loss of biodiversity. They have described their approach in a joint paper on the relationship between biodiversity and the financial sector... Fri, 05 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/financial-institutions-share-their-approach-to-biodiversity/ Parties who frequently deal with DNB feel that communication between them has improved in recent years. Although they assess DNB's relations with the outside world more positively across the board, there are clear differences in the extent to which the improvements have occurred, according to the... Tue, 02 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/stakeholders-more-positive-about-communication-with-dnb-room-for-improvements-remains/ The e-Line DNB portal will be shut down as of 1 July 2020. This means that as of that date it will no longer be possible for you to log into e-Line DNB to resubmit reports. This also applies to the functionality to consult submitted reports or use the archive function... Mon, 01 Jun 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/e-line-dnb-will-be-shut-down/ The coronavirus (COVID-19) crisis threatens to delay the implementation of climate policies worldwide. The negative consequences of climate change warrant undiminished attention, however. Although the coronavirus crisis temporarily depresses global carbon emissions, a structural reduction in... Thu, 28 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-calls-for-green-recovery-from-the-coronavirus-crisis/ Prudential supervisors around the world are stepping up to integrate climate-related and environmental risks into their work. Also there is a positive trend among financial institutions to better account for climate related risks of their assets... Wed, 27 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/ngfs-guides-central-banks-and-supervisors-towards-better-management-of-climate-related-and-environmental-risks/ As a result of the coronavirus crisis, Dutch investment funds recorded a negative return of 11.7% in the first quarter of 2020, a development that eliminated a year and a half of accumulated returns. Equity funds lost a much longer period of accumulated returns ... Fri, 22 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/eighteen-months-of-accumulated-investment-fund-returns-evaporated-through-recent-price-losses/ Dutch consumers are concerned about their jobs, their income and the value of their assets. They expect to feel the economic consequences of the coronavirus outbreak for a long time to come. If they were to receive EUR 1,000 in financial support, they would use it primarily to create financial... Mon, 18 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dutch-consumers-expect-to-be-hit-long-term-by-economic-crisis-due-to-coronavirus-outbreak/ The Netherlands plays an important role in the international tax strategies of many multinational corporations. As a result of national and international initiatives against tax avoidance, this role has increasingly become a subject of debate. This has led to a decrease in both the number of... Thu, 07 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/decreased-activity-among-mostly-smaller-special-purpose-entities/ Dutch investors purchased securities from European countries heavily impacted by the COVID-19 pandemic in March 2020. they purchased debt securities and listed equities issued in France, Italy and Spain worth EUR 3.3 billion and EUR 0.5 billion, respectively, on a net basis. ... Thu, 07 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-investors-continue-to-invest-in-european-countries-heavily-impacted-by-covid-19-despite-loss-in-value/ On 21 April 2020, the law was passed under which crypto service providers are subject to the integrity supervision of De Nederlandsche Bank. The new legislation is expected to enter into force on 18 May 2020. DNB calls on crypto service providers to apply for registration before that date... Mon, 04 May 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-calls-on-crypto-service-providers-to-apply-for-registration-before-18-may/ In his contribution to the virtual Petersberg Climate Dialogue side event ‘Financing Climate Ambition in the context of COVIDー19’, Frank Elderson pointed out three ideas that he thinks are important in order to shape our thinking in terms of recovery measures that should be taken. Wed, 29 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/contribution-by-frank-elderson-to-the-petersberg-climate-dialogue/ The financial position of Dutch pension funds worsened in the first quarter of 2020, mainly due to the coronavirus crisis. Pension funds' assets fell, by EUR 111 billion, to EUR 1,449 billion. By contrast, their liabilities went up EUR 118 billion to EUR 1,618 billion. ... Wed, 29 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-pension-funds-financial-position-deteriorated/ During the first quarter of 2020, some Dutch banks reported an increased demand for corporate loans. They expect this trend to continue in the second quarter. The rise can partly be attributed to the increased liquidity needs of businesses due to the current coronavirus measures. Tue, 28 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/banks-report-increased-demand-for-corporate-loans/ Central bank digital currency, or CBDC, is an amount in euro which Dutch households and firms hold with De Nederlandsche Bank (DNB) or the European Central Bank (ECB). CBDC can serve as a backup for non-cash payments as well as promote diversity in the payments market, and it could possibly make... Tue, 21 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/background-2020/digital-currency-issued-by-central-banks-can-protect-public-interests-in-payment-systems/ In his opening remarks at a virtual session organised by Danske Bank, Klaas Knot said that the outbreak of the coronavirus first of all represents a global health crisis. Tue, 21 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/contribution-by-klaas-knot-to-virtual-session-danske-bank-about-economic-impact-of-covid-19/ Dutch consumers used cash to pay for 32% of their purchases in shops, restaurants and similar establishments in 2019, compared to 37% in 2018. The share of debit card payments amounted to 67%. The share of contactless debit card payments (43%) for the first time surpassed the share of cash... Mon, 20 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/shift-of-cash-to-debit-card-continues/ How much time do you need to recognise a counterfeit banknote and which of the senses are the most effective? DNB research shows that the combination of looking and feeling works best. People can easily distinguish between genuine and counterfeit banknotes even within the space... Thu, 16 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/a-counterfeit-banknote-can-be-recognised-in-a-second/ Affordable rented homes in the non-subsidised sector are hard to find. New entrants to the housing market especially would benefit from a better-functioning non-subsidised rented sector. Moreover, a larger rented sector would also have benefits for the rest of society. Thu, 09 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/better-balance-between-owner-occupied-and-rented-homes-would-benefit-both-housing-market-and-society/ The surplus on the current account of the Dutch balance of payments showed a slight decline in 2019, landing at EUR 83 billion. This corresponds to 10% of Dutch gross domestic product (GDP), see Figure 1. 2018 saw a record surplus on the current account of EUR 84 billion, or 11% of GDP. Thu, 09 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-current-account-surplus-edged-down-in-2019/ In 2019, the amount outstanding in Dutch packaged loans, commonly known as securitisations, went down by EUR 6.6 billion (-13.3%) to EUR 43.0 billion. This is the lowest level since 2010. The new rules, under which investors investing in simpler securitisation structures benefit ... Tue, 07 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/market-for-packaged-loans-sees-no-recovery-as-yet-amid-new-rules/ Introducing unique aliases for all payment account numbers in the Netherlands would entail costs that outstrip the benefits. While it would make switching to a different bank easier, its social costs would widely outstrip its benefits. This emerges from a DNB study commissioned by Wopke Hoekstra... Thu, 02 Apr 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/costs-of-introducing-payment-account-alias-would-exceed-benefits/ We are here today to discuss our Annual Report for 2019. In my introduction to the Annual Report, I compare our current situation with how things looked ten years ago. I argue that the world has changed so dramatically over the past ten years that, going forward, we will need to make radically... Fri, 27 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/introduction-by-the-president-at-the-press-conference-for-dnb-s-2019-annual-report/ We announced on 17 March 2020 that Dutch banks would temporarily be subject to lower requirements to mitigate the impact of the coronavirus pandemic on the Dutch economy. This DNBulletin provides more details... Mon, 23 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-temporarily-lowers-bank-buffer-requirements-to-support-lending/ This afternoon, De Nederlandsche Bank (DNB), the Dutch Authority for the Financial Markets (AFM), the Ministry of Finance and representatives of the Dutch Banking Association (NVB), the Federation of the Dutch Pension Funds and the Dutch Association of Insurers discussed the consequences... Tue, 17 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-lowers-bank-buffer-requirements-to-support-lending/ Dutch insurance groups have been pursuing more sustainable investment strategies in recent years. These findings follow from research conducted by DNB. They have actively reduced their investments in raw materials extraction, a relatively high-polluting sector... Tue, 10 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/insurers-reduce-carbon-footprint-by-scaling-down-equity-investments-in-specific-sectors/ Consumers were able to pay in cash at 97% of all retailers as at mid-2019. This emerged from a DNB-commissioned study into cash acceptance by retailers and their reasons for accepting or refusing cash. Cash is still the most widely accepted means of payment. However, some retailers say they may... Mon, 09 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dutch-retailers-continue-to-accept-cash/ A DNB study shows that the Dutch economy tends to feature higher peaks and deeper troughs than the economies of similar European countries. Dutch households have relatively little free savings which they can mobilise in bad times. As a result, Dutch consumption – and thus the economy as a whole... Thu, 05 Mar 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/volatility-in-dutch-economy-harms-well-being/ In 2019 investment funds achieved returns of 18%, the highest level in 11 years. This was slightly below the increase of the AEX index (24%). The difference can be explained from the fact that investment funds also invest in bonds and ... Fri, 21 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-investment-funds-in-2019-achieve-highest-returns-since-the-financial-crisis/ Real estate prices are increasingly moving in sync, appreciating rapidly again in many countries (see Figure 1). The role of international investors is growing in both the residential and commercial property markets. The Property price dynamics: domestic and international... Tue, 18 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/global-synchronisation-of-real-estate-prices-but-significant-differences-in-cross-country-price-dynamics-remain/ Which of our core tasks can have the greatest impact on our sustainability and inclusiveness objectives? And what actions will we take in 2020 to achieve our CSR objectives for 2025? We asked our external and internal stakeholders for input to help us update our 2019-2025 CSR Strategy. Tue, 11 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/publication-of-csr-strategy/ Dutch private investors hold an increasingly smaller proportion of the Netherlands’ sovereign debt. In the third quarter of 2019, they held EUR 90.8 billion (nominal), against EUR 93.2 billion in the second quarter, down 2.5% quarter-on-quarter. Fri, 07 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-investors-hold-smaller-positions-in-dutch-government-paper/ At year-end 2019, Dutch banks held EUR 368 billion in household savings, up roughly EUR 13 billion, or 3.5%, on the previous year. The largest portion of the increase is attributable to higher net deposits, which reached EUR 12 billion in 2019. At EUR 1.2 billion, credited interest made ... Wed, 05 Feb 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/savings-held-at-banks-sharply-up-despite-low-interest-rates/ A new DNB study reveals that a share of the Dutch population is vulnerable to financial setbacks. One in seven Dutch residents is unable to raise EUR 2,000 in case of a financial emergency. Mon, 27 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/one-in-seven-dutch-households-financially-fragile-in-finanical-emergency/ The financial position of Dutch pension funds improved in the fourth quarter of 2019 compared to the previous quarter. Liabilities went down EUR 96 billion to EUR 1,500 billion. Pension funds' assets also fell, by EUR 6 billion, to EUR 1,560 billion. Fri, 24 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/dutch-pension-funds-financial-position-improved/ De Nederlandsche Bank (DNB) will adopt a more data-driven approach and focus on the use of digital technologies in its supervision. In 2020 we will strengthen our cooperation with the sector in order to build on our knowledge of the impact and opportunities of technological innovations... Wed, 22 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/dnb-s-supervision-focus-on-data-and-digitisation/ The loans, savings and payments market is changing and becoming increasingly more challenging with the advent of new parties and the dawn of the data age. In this highly dynamic environment, institutions must give first priority to the security, governance, optimum use and quality of... Wed, 22 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/data-age-calls-for-increased-attention-from-the-banking-sector-and-dnb/ Financially literate people are more likely to trust their bank, insurance firm and pension fund compared with people lacking financial knowledge. This has emerged from DNB research based on 14 years of data on Dutch consumer trust levels... Tue, 14 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/financial-knowledge-fosters-trust-in-financial-institutions/ Since the credit crisis, investments of Dutch insurers in mortgages have grown. Mortgage investments with longer fixed-interest periods offer insurers relatively high returns and reduce the maturity mismatch with their liabilities. Derivatives such as interest rate swaps further hedge ... Mon, 13 Jan 2020 12:00:00 GMT https://www.dnb.nl/en/general-news/statistical-news/2020/balance-sheets-of-insurers-show-increase-in-mortgages-and-derivatives/ DNB issued the autumn 2019 edition of its Financial Stability Report (FSR) on 15 October 2019. Below are the introductory remarks by DNB President Klaas Knot at the press conference... Tue, 15 Oct 2019 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/introductory-remarks-by-dnb-president-klaas-knot-at-the-press-conference-for-the-autumn-2019-financial-stability-report/ Prolonged low interest rates constitute one of the major risks to financial stability internationally. Financial conditions have been accommodative for several years now.This reduces incentives for bringing down debts and lead to distorted pricing in financial markets, which could cause asset... Tue, 15 Oct 2019 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dnb-prolonged-low-interest-rates-are-the-main-risk-to-financial-stability/ A recent report issued by De Nederlandsche Bank (DNB) reveals that the Dutch financial sector is exposed not only to climate-related risks, but also to other environmental and social challenges. Mon, 21 Jan 2019 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2019/dutch-financial-sector-also-faces-environmental-and-social-risks/ In an open banking sector, banks remain responsible for the services they provide, even if they outsource part of their activities or cooperate with third parties. Thu, 29 Nov 2018 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2018/banks-remain-responsible-when-cooperating-with-third-parties/ The supervision activities of De Nederlandsche Bank (DNB) do not pose particular obstacles to sustainable finance. However, a better understanding of the risks related to sustainable finance is crucial in order to adjust supervision accordingly, as became clear from the final report of the... Thu, 25 Oct 2018 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/platform-dnb-s-supervision-is-no-impediment-to-sustainable-finance/ The budding economic crises in a number of emerging countries, like Turkey and Argentina, illustrate that a sudden tightening of financial conditions constitutes one of the major risks to financial stability. Financial conditions in the developed countries have remained accommodative to... Mon, 08 Oct 2018 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/sudden-tightening-of-financial-conditions-poses-a-risk-for-financial-stability/ There are indications of increased homogeneity among banks. More attention should be given to promoting heterogeneity in the financial sector, as this helps to improve financial stability Thu, 31 May 2018 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2018/supervision-should-take-the-financial-sector-s-heterogeneity-into-consideration/ Over half of the aggregate Dutch mortgage debt consists of loans that do not involve any contractual repayments during the loan term. There is a risk that the households in question may not have the means to repay their debts before or when their loans expire. Lenders must actively alert... Mon, 09 Oct 2017 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/decisive-action-needed-with-regard-to-interest-only-mortgage-loans/ De financiële sector, overheid en toezichthouders verenigd in het Platform voor Duurzame Financiering verwelkomen de nieuwe leidraad om de impact te meten van investeringen in de Sustainable Development Goals (SDG’s) van de Verenigde Naties. Het Platform voor Duurzame Financiering... Fri, 06 Oct 2017 00:00:00 GMT https://www.dnb.nl/en/general-news/news-2020/dutch-financial-sector-enhances-impact-measurement-for-investment-in-sustainable-development-goals-dutch-only/ Financial institutions must increasingly factor in the consequences of a changing climate and the transition to a carbon-neutral economy. DNB explores the impact of climate-related risks on the Dutch financial sector in its recent report. Thu, 05 Oct 2017 12:00:00 GMT https://www.dnb.nl/en/general-news/news-2017/increasing-climate-related-risks-demand-more-action-from-the-financial-sector/ Prolonged low interest rates constitute one of the major risks to the Dutch financial sector. This emerges from DNB's spring 2017 Financial Stability Report (FSR) published today. The report will serve as DNB's input for the annual public meeting of the standing parliamentary committee for... Tue, 06 Jun 2017 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/prolonged-low-interest-rates-pose-risk-to-the-dutch-financial-sector/ De financiële sector, overheden en toezichthouders gaan intensiever samenwerken aan duurzame financiering. Het Platform voor Duurzame Financiering, dat deze week bijeenkwam bij De Nederlandsche Bank, heeft zich hiervoor uitgesproken. Fri, 16 Dec 2016 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/financial-sector-cooperates-on-transition-paths-for-more-rapid-carbon-reduction-dutch-only/ In the next few years, insurers in the Netherlands will need to make extra efforts to respond to the sweeping changes to their markets. Tue, 13 Dec 2016 11:00:00 GMT https://www.dnb.nl/en/general-news/news-2016/dutch-insurance-sector-faces-fundamental-choices/ The economic recovery continues, but political and economic uncertainties that affect the global economy have increased in recent months, due in part to the imminent Brexit. In addition, concerns about the profitability of the European banking sector have deepened further. Bank profits are... Tue, 04 Oct 2016 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/banks-interest-rate-margins-under-pressure-as-a-result-of-low-interest-rates/ Financial markets across the globe have become increasingly nervous in the past six months, which is partly attributable to disappointing global economic trends. Due in part to the ECB's accommodating monetary policy, interest rates are expected to remain low for some time to come, which... Tue, 26 Apr 2016 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/habituation-to-low-interest-rates-is-a-risk-to-households-and-businesses-with-high-debts/ The recent sharp price corrections have fuelled uncertainty in various financial markets. The increasing nervousness follows on a period of exceptionally low market stress and can therefore be partly interpreted as a correction of this situation. The repercussions of the economic slowdown in... Wed, 07 Oct 2015 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/growing-nervousness-in-global-financial-markets-demands-vigilance-at-financial-institutions-over-their-balance-sheets/ The budding economic recovery in the euro area and the Netherlands continues to be surrounded by downward risks to financial stability. The developments in Greece have put the European debt crisis in the limelight again, and geopolitical tensions have increased. The ECB's recently eased monetary... Tue, 14 Apr 2015 00:00:00 GMT https://www.dnb.nl/en/general-news/press-releases-2015-2020/low-interest-rates-pose-risk-to-financial-stability-further-cultural-changes-in-financial-sector-needed/