2025-07-22
The Dutch Financial Stability Committee (FSC), comprising the AFM, DNB, and the Ministry of Finance, assessed current financial stability risks amid moderate economic growth and heightened geopolitical tensions. The committee highlighted strategic dependencies on the United States, urging diversification and European strategic autonomy in financial infrastructure to mitigate external shocks. Additionally, the FSC reviewed progress on IMF FSAP recommendations, specifically endorsing enhanced governance for mortgage lending norms and greater supervisory roles for the AFM and DNB.