Dnb President Sleijpen: 'Financial Stability Remains at Code Orange'

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Although the stock market has calmed down somewhat after a turbulent start to the year, and the economy is continuing to grow steadily, the risks of renewed panic remain. "If I were standing here as a weatherman, I'd say it's code orange," says Olaf Sleijpen, who took office as the new president of De Nederlandsche Bank (DNB) this summer. "Code orange means you need to be well-prepared. And that also applies here to financial institutions," Slei…

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"If I worked at the KNMI (Royal Netherlands Meteorological Institute), it would still be code orange," says Olaf Sleijpen, President of De Nederlandsche Bank (DNB), regarding financial stability in the Netherlands. "The risk of economic and financial shocks remains high. It's not a question of if, but when and where those shocks will occur."