meta_id 3304114

On July 7, 2026, De Nederlandsche Bank (DNB) published a press release from the Financial Stability Committee (FSC) following its meeting on June 26, 2026. The FSC identified advanced artificial intelligence (AI) models as significantly altering the cyberthreat landscape and called for financial institutions to strengthen their cyber resilience accordingly. The FSC emphasised that while AI models present opportunities, they also enable existing vulnerabilities to be exploited faster, more cheaply, and at greater scale. These risks extend beyond individual institutions through chain dependencies, concentration risks, and reliance on critical third parties, potentially affecting the entire financial system. The committee highlighted particular concern regarding dependence on non-European technology and digital infrastructure, underscoring the importance of strengthening European digital autonomy. The FSC stressed that financial institutions must adapt their risk management to address AI-driven cyber risks, including earlier identification and faster remediation of vulnerabilities. However, rapid recovery may require institutions to temporarily restrict or suspend certain systems or services, necessitating clarity on how such decisions align with existing requirements for continuous availability of financial services. The committee welcomed warnings from the European Systemic Risk Board (ESRB) and the Dutch Authority for Financial Markets (AFM) containing similar findings. Enhanced cyber resilience requires not only increased investment but also improved collaboration, coordination, and information sharing at national and European levels, as well as across the financial sector and other critical economic sectors including energy and telecommunications. The FSC additionally noted concerns regarding rapid private credit growth, citing insufficient transparency and unclear interconnections with other financial sector components. The committee stressed the need for better data collection and risk management to understand private credit's behaviour during market downturns. The FSC's next meeting is scheduled for November 13, 2026.