Regulatory Alerts2025-12-09
Financial Stability Committee Report 12 November 2025
The Dutch Financial Stability Committee (FSC), comprising AFM, DNB, and the Ministry of Finance, reports that while the Dutch economy remains resilient, heightened geopolitical tensions and rising asset valuations pose significant risks to financial stability. The Committee emphasizes the urgent need to strengthen operational and digital resilience, particularly regarding concentration risks in cloud providers and the strategic autonomy of the financial sector. Additionally, the FSC acknowledges the ESRB's recommendation to restrict multi-issuer stablecoins unless equivalent regulatory safeguards are implemented, balancing risk mitigation with innovation.
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