DNB implements ‘geopolitical resilience programme’ for banks
Chair of supervision says Dutch central bank must be able to perform core tasks in ‘extreme scenarios’
The Netherlands Bank (DNB) is to oversee an enhancement of cyber and physical defences, for itself and the country’s lenders, in the face of heightened geopolitical volatility.
In an announcement on February 24, the bank said it had studied how different scenarios would impact the Netherlands’ economy, commercial banks and DNB itself. The scenarios included cyber attacks, disruption to logistics chains, longer power outages, and “economic and physical warfare”.
DNB said it had identified key
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