This morning, the Jetten government was sworn in at Huis ten Bosch Palace. The new government is a coalition of Democrats ‘66 (D66), the People’s Party for Freedom and Democracy (VVD) and the Christian Democratic Alliance (CDA), and consists of 18 ministers and 10 state secretaries.
The swearing-in ceremony in the presence of the King marks the official entry into office of the Jetten government.
D66 is providing 7 ministers and 3 state secretaries. The VVD is providing 6 ministers and 3 state secretaries. The CDA is providing 5 ministers and 3 state secretaries. State Secretary Sandra Palmen has no party affiliation.
Ministries en ministerial positions
The Jetten government has 3 ministries fewer than the previous government. These 3 ministries now fall under another ministry. They are:
the Ministry of Asylum and Migration (now part of the Ministry of Justice and Security)
the Ministry of Climate Policy and Green Growth (now part of the Ministry of Economic Affairs and Climate Policy)
the Ministry of Housing and Spatial Planning (now part of the Ministry of the Interior and Kingdom Relations)
One ministry has changed name:
Ministry of Economic Affairs and Climate Policy (was: Economic Affairs)
The new government has 6 ministers who do not have political leadership of a ministry:
Minister of Foreign Trade and Development
Minister of Asylum and Migration
Minister of Housing and Spatial Planning
Minister of Climate Policy and Green Growth
Minister of Work and Participation
Minister of Long-term Care, Youth and Sport
First cabinet meeting
The new government will hold its first cabinet meeting later today.
On 24 February 2022 Russia launched its full-scale invasion of Ukraine. Every day, the Ukrainian people fight for their lives and liberty – and for the security of Europe as a whole. Together with its allies, the Netherlands will continue to support Ukraine in defending itself against Russian aggression.
Why is the Netherlands’ continued support so important?
For Ukraine and its people
Russia has caused devastation to the daily lives of millions of Ukrainians. Many towns and villages have been completely destroyed by Russian bombs and missiles. Ever since 2014, Ukrainians in the areas occupied by Russia have been suffering violence and oppression. In several reports the UN has concluded that the Russian army is guilty of murder, torture, rape and the abduction of thousands of Ukrainian children. Ukrainians have shown incredible resilience against Russia’s aggression. With international support, Ukrainians have now been defending their country for four years.
Russia started the war. And Russia could end it at any time.
For the security of Europe as a whole
This is a war not only against Ukraine, but also against key values that Ukraine, the Netherlands and Europe as a whole stand for: territorial integrity, the right to self-determination and the importance of human rights. Russia is also stepping up its efforts to undermine countries across Europe. This includes cyberattacks, sabotage, election interference and the dissemination of fake news. By defending itself against Russia, Ukraine is fighting for the security of Europe.
An end to this war must mean a just and lasting peace for Ukraine. Ending the war by means of a quick fix will give Russia the opportunity to try its luck again in the future. And a just and lasting peace can only be achieved if all parties are involved. There can be no decisions on Ukraine and on Europe without Ukraine and Europe’s engagement.
For a world in which aggression is not rewarded
If Russia gets what it wants, there will be consequences for the whole world. That would send a signal to Russia and other countries that aggression reaps rewards. A shift from international rules and agreements to the principle of ‘might makes right’ could trigger a global rise in territorial conflicts.
Peace through strength, not war through weakness.
Ukraine must be able to defend itself. And Russia must be made to pay a high price for its aggression. That is why the Dutch government continues to provide unwavering support to Ukraine. To help secure a positive outcome to the war, based on the principle of achieving peace through strength, not risking further war by showing weakness.
Dutch support for Ukraine
Together with its allies, the Netherlands continues to support Ukraine. For example, the Netherlands is providing:
Military support: this includes equipment, such as munitions, F-16 aircraft and anti-aircraft systems, along with training for Ukrainian military personnel.
Justice for Ukraine: working to ensure that war crimes do not go unpunished and that people who have suffered damage, loss or injury in the war receive compensation. The Netherlands will also host the International Claims Commission for Ukraine, dealing with compensation claims for damage inflicted in Ukraine during the war.
Reconstruction: support to repair damage where it is most needed: water mains, roads, hospitals and the electrical grid. This support is crucial so that Ukraine can continue to function.
Sanctions against Russia: the sanctions imposed by EU member states are isolating Russia and hurting its economy. That makes it harder and more expensive for Russia to keep the war going.
Humanitarian aid: helping Dutch, Ukrainian and international organisations to provide emergency aid, ensure the availability of drinking water, medicine and food, provide protection and assist civilian victims.
DNA kits for missing Ukrainian children:these DNA kits are used to reunite Ukrainian children abducted by Russia with their families. In early 2026, the Netherlands contributed an additional €2 million for these DNA kits.
Other support: the Netherlands is also helping Ukraine by providing support in areas like healthcare, psychosocial care for victims, agriculture and cybersecurity.
The European Banking Authority (EBA) today published the latest edition of its ESG risk dashboard, integrating data up to the second quarter of 2025. The dashboard reflects the latest changes in banks ‘exposures to climate risks and aims to provide background information to support institutions and authorities in managing these risks. The new release confirms continued stability across major climate related risk indicators, broadly in line with the patterns observed in previous updates.
Banks’ exposures to sectors that significantly contribute to climate change remained elevated at around 62%, reflecting the importance of climate-sensitive industries in their non-financial corporate portfolios, warranting continuous efforts to develop and maintain robust climate risk management tools and monitoring frameworks.
Environmental data quality continued to improve. Exposures secured by immovable property showed strong energy-efficiency scores, while banks’ reliance on proxy indicators has declined by approximately 10 percentage points since December 2023, signalling better data coverage and more reliable sustainability assessments.
Physical risk metrics remained heterogeneous across jurisdictions, likely due to methodological differences among institutions. This variability highlights the inherent complexity of measuring physical risk across diverse European geographies and datasets.
Notes to editors
With this edition, the ESG Risk Dashboard becomes part of the Data Access Portal (EDAP), the EBA’s central hub for supervisory data in the EU/EEA. Publishing the Dashboard within EDAP represents a major step forward in transparency and accessibility, enabling users to access all supervisory data tools in a single, integrated environment.
The ESG dashboard presents data from a representative sample of nearly 120 large EU/EEA banks, aggregating exposures and risk indicators at both country and anonymised bank level. The sample includes banks reporting under Pillar 3 ESG disclosure requirements, ensuring comparability across institutions.
Following the issuance of the EBA no-action letter on 5 August 2025 (LINK) , the charts under the “Taxonomy Alignment” and “Beyond the GAR/BTAR” tabs have not been updated beyond Q4 2024 data.
The European Banking Authority (EBA) published today an Opinion on the draft amended European Sustainability Reporting Standards (ESRS) developed by the European Financial Reporting Advisory Group (EFRAG). The EBA recognises through this Opinion, addressed to the European Commission, the progress achieved in simplifying elements of the initial standards while also highlighting key issues that require further attention – most notably, the permanent nature of certain reliefs.
The EBA welcomes the progress achieved by EFRAG in streamlining and clarifying several aspects of the initial standards and supports the general approach that aims to reduce the reporting compliance costs.
However, the EBA calls for institutions to keep analysing sustainability related risks and recommends time-limits for alleviations in a number of areas. The Opinion focuses on key aspects and concerns related to the proposed reliefs, specially those with a permanent nature, and their possible consequences. In particular, the possible cumulative impact of the overall set of reliefs may significantly reduce the amount of quantitative information reported by undertakings, against one of the objectives expressed by the Commission when opening this review (i.e. prioritise quantitative data) and shift the burden onto users of the information, including banks. The EBA encourages the Commission to consider the issues described in the Opinion before adoption of the amended draft ESRS.
Undertakings within the scope of the revised CSRD – typically the largest and best-resourced companies – should be capable of meeting these requirements. The EBA notes that granting such reliefs without an adequate time-limit may undermine the interoperability with international sustainability standards, and would increase the burden on users of the information, such as financial institutions, who may need to resort to the bilateral contact with their counterparties to request information necessary for their risk management.
The European Commission also requested an Opinion from the European Securities and Markets Authority (ESMA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Central Bank (ECB).
Legal basis and background
This Opinion is based on Article 16a(4) of Regulation (EU) No 1093/2010 (‘EBA founding regulation’), which mandates the EBA to issue opinions in its area of competence as requested by the European Commission. In addition, Article 49(3b) of Directive 2013/34/EU (Accounting Directive), as amended by the Corporate Sustainability Reporting Directive (CSRD), lays down the conditions for the adoption by the European Commission of the delegated acts on the ESRS, including the need to request an opinion, among others, to the EBA.
In 2025, EFRAG was requested by the European Commission to deliver a technical advice on how to simplify the delegated act1 on the European Sustainability Reporting Standards (ESRS ‘Set 1’) by November 2025. EFRAG completed this simplification exercise at the end of November and published the draft amended ESRS on 3 December 2025, after a public consultation period in the summer of 2025.
The draft amended ESRS set out simplified rules and requirements for companies to report on sustainability-related aspects under the Corporate Sustainable Reporting Directive (CSRD).
The European Banking Authority (EBA) today published its final Guidelines on proportionate retail diversification methods under the Capital Requirements Regulation (CRR). The Guidelines provide a harmonised framework to assess whether their retail portfolios are sufficiently diversified, while ensuring a proportionate application for smaller institutions.
To benefit for the preferential 75% risk weight for retail exposures, the Guidelines outline an approach whereby institutions demonstrate that retail portfolios are sufficiently granular. As a starting point, no single exposure to a counterparty or group of connected clients should exceed 0.2% of the total eligible retail portfolio.
Recognising that not all institutions, particularly smaller ones, can consistently meet this benchmark, the Guidelines introduce an additional approach: institutions may still apply the preferential risk weight even if they exceed the baseline benchmark, provided that no more than 10% of their eligible retail portfolio is above the 0.2% threshold.
In the consultation paper, the EBA presented two alternative approaches for assessing diversification: an iterative method proposed as the baseline option, and a one-step alternative. In the final Guidelines, the EBA opted for the one-step approach to ensure proportionality and reduce the operational burden for institutions. The diversification threshold has also been raised from 5% to 10% compared with the consultation proposal, reflecting industry feedback and easing the impact on small and medium-sized institutions while maintaining sound prudential safeguards.
The Guidelines also clarify the treatment of securitised retail exposures, distinguishing between the diversification assessment applicable when institutions act as originators and when they act as investors. For investor institutions, a limited and temporary derogation is introduced when obligor‑level information is not available under the applicable transparency templates, allowing the diversification condition to be deemed fulfilled.
Legal basis and background
The Guidelines have been developed pursuant to Article 123(1) of Regulation (EU) No 575/2013 (CRR), which mandates the EBA to specify proportionate diversification methods for retail exposures under the Standardised Approach for credit risk.
The European Banking Authority (EBA) published today an Opinion advising national competent authorities (NCAs) under the Revised Payment Services Directive (PSD2) on how to proceed once the transition period that is set in the EBA’s No-Action Letter of 2 June 2025 (EBA/Op/2025/08) comes to an end on 2 March 2026. The transition period allows crypto asset service providers (CASPs) nine months to continue transacting electronic money tokens that qualify as payment services while submitting, and awaiting the response to, their application for authorisation under PSD2.
The Opinion outlines the conditions under which NCAs are advised to allow CASPs to continue providing electronic money token (EMT)s that qualify as a payment service after 2 March 2026, while they do not (yet) hold a license under the PSD2. NCAs are further advised to require CASPs that do not meet all of these conditions to discontinue the provision of such EMT services. Where necessary, NCAs are advised to cooperate with the relevant national authority under the Markets in Crypto-Assets Regulation (MiCA) and/or other national enforcement authorities to ensure compliance.
The Opinion follows the EBA’s No-Action Letter published on 2 June 2025, which responded to a request from the European Commission to clarify the interplay between PSD2 and MiCA in relation to CASPs transacting EMTs that qualify as a payment services. The No-Action letter allowed CASPs to continue providing these services by requiring a second authorisation under PSD2 not immediately but only after a 9-month transition period. In addition, the letter advised national competent authorities to consider only a subset of crypto-asset services with EMTs as payment services, thereby reducing the number of CASPs requiring such an authorisation. It also advised national competent authorities to apply a streamlined authorisation process that makes full use of information already provided during the CASP authorisation process under MiCA, reducing the administrative burden for CASPs.
Since the publication of the No-Action Letter, more than 100 CASPs have approached national competent authorities informally or submitted an application for authorisation as payment service providers (PSPs). With the end of the transition period approaching, and given that application volumes are likely to vary across Member States, the EBA is issuing this Opinion to advise NCAs how to prioritise their authorisation efforts when the transition period ends.
Legal basis
The EBA’s competence to issue this Opinion is based on Article 29(1)(a) of Regulation (EU) No 1093/2010[1], which requires the EBA to play an active role in building a common Union supervisory culture and consistent supervisory practices, as well as in ensuring uniform procedures and consistent approaches throughout the Union, including by issuing Opinions addressed to national competent authorities.
[1] Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority) amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC (OJ L 331, 15.12.2010, p. 12).
The European Banking Authority (EBA) launched today a public consultation on its Discussion Paper on the simplification and assessment of the credit risk framework. The Paper sets out preliminary ideas to enhance the usability, efficiency and simplicity of the credit risk framework, aiming to stimulate a broader discussion on how to better structure the EBA’s future work in this area. Based on the comments received, the EBA will assess potential simplifications as part of its future policy work. The consultation runs until 10 May 2026.
The EBA’s 2025 Report on the efficiency of the regulatory and supervisory framework introduced a set of principles aimed at enhancing simplicity and efficiency across the regulatory landscape. This Report recommends the EBA launches a review of all the regulatory products it has developed (Level 2 and Level 3) since its establishment in relation to the Single Rulebook, starting with credit risk. As the credit risk area has accumulated a particularly large number of mandates under the EU Banking Package, the Discussion Paper examines how a systematic review of these mandates could be organised so that EBA’s future work better supports efficiency and simplicity.
The Discussion Paper sets out concrete proposals to enhance the efficiency and simplicity of the credit risk framework within the remit of EBA’s credit risk mandates. Because the framework must balance several key objectives, including risk‑sensitivity, comparability, and cost‑efficiency, assessing simplicity is inherently challenging. In addition to exploring potential policy simplifications, the paper also looks at improving the presentation of the framework by consolidating EBA products and aligning key regulatory definitions, thereby making the EBA’s credit risk outputs more coherent and easier to navigate. It further highlights a number of challenges linked to specific mandates in the credit risk area and sets out measures to be applied in future mandated reports assessing the appropriateness of several elements laid down in the Capital Requirements Regulation (CRR).
Consultation process
Comments to this consultation can be sent to the EBA by clicking on the “Send your comments” button on the consultation page. Please note that the deadline for the submission of comments is 10 May 2026. All contributions received will be published following the close of the consultation, unless requested otherwise.
Legal basis and background
The EBA published in December 2023 its roadmap on the implementation of the EU Banking Package. In the area of credit risk, the new mandates assigned to the EBA relate in many cases to existing EBA products developed and implemented upon previous CRD-CRR requirements. Hence, the implementation of these mandates provides an opportunity to update those products and ensure greater consistency and efficiency across the framework.
The 2025 EBA Report on the efficiency of the regulatory and supervisory framework includes as one of its recommendations to launch a comprehensive review of both the new flow of mandates (i.e. those not yet consulted on) and the existing stock (current products from the Single Rulebook). This Discussion Paper outlines how such a review should be carried out in the credit risk domain and proposes initial avenues to streamline and enhance the usability of the framework.
The Dutch state is selling 25.1% of its shares in TenneT Germany to the investment bank KfW, acting on behalf of the German state. The German state will thus acquire a minority stake in the company. The Dutch state and German state, TenneT, and the three private investors who acquired stakes in TenneT Germany earlier last year, have reached an agreement on this.
As a result of the energy transition, TenneT Germany needs additional capital to strengthen the German electricity grid. This is why three private investors were brought in last year, who will receive up to 46% of the shares. The German state is now also buying a 25.1% stake. For this, it paid the same price per share to TenneT as the private investors did last year. This will amount to approximately 3.3 billion euros in 2026. On top of that, assuming capital requirements remain unchanged, a further 1.5 billion euros in proceeds will be generated via the private investors by 2029 at the latest.
After the sale, TenneT Holding will retain approximately 28.9% of the shares in TenneT Germany. This means that TenneT Holding will retain a veto right over important decisions. It is important that the synergy benefits created by the cooperation between TenneT Netherlands and Germany are maintained. Active efforts are being made to achieve this. For example, the two companies will continue to work together on the development of infrastructure to connect wind farms in the North Sea to the electricity grid.
Minister Heinen (Finance) welcomes the fact that the German state is now also participating. “It is important that we, as neighbouring countries and within Europe, work well together, including on our energy network. This investment contributes to that and at the same time strengthens the financial position of TenneT Germany. It also generates money for the treasury, which can be used for other investments”, said Heinen.
With their participation, the German state will actively contribute to TenneT Germany’s capital requirement, which will strengthen their financial position. In addition, they are purchasing shares directly from TenneT Holding, which generates funds for the Dutch treasury. The proceeds will be used to partly repay a current loan from the Dutch state. This repayment will be processed in the government’s financial statements in the 2026 Spring Budget.
The European Banking Authority (EBA) today launched a public consultation on draft amendments to its Guidelines on the appropriate subsets of sectoral exposures to which competent or designated authorities may apply a systemic risk buffer (EBA/GL/2020/13). The revised Guidelines aim to facilitate a more effective use of the systemic risk buffer to address systemic risks stemming from climate change.
More specifically, the draft revised Guidelines introduce greater granularity in identifying exposures subject to physical and transition risks related to climate change, through enhanced sectoral and geographical classifications. The amendments also incorporate lessons learned from the implementation of existing systemic risk buffer measures across Member States, with the objective of improving their design, monitoring and reciprocation.
Consultation process
Comments to the consultation paper can be sent by clicking on the “send your comments” button on the EBA’s consultation page. The deadline for the submission of comments is 30 April 2026.
The EBA will hold a virtual public hearing on 9 April 2026 from 15:00 to 16:00 CET. The EBA invites interested stakeholders to register using this link by 1 April 2026 (16:00 CET). The dial-in details will be communicated to those who have registered for the meeting.
All comments received will be published following the end of the public consultation, unless requested otherwise.
Legal basis
These draft revised Guidelines have been developed on the basis of Article 133 of the Capital Requirements Directive (EU) 2024/1619 (CRD VI), as amended, which clarifies that the systemic risk buffer may be used to address risks arising from climate change.
The European Banking Authority (EBA) today announced the go-live of its Pillar 3 data hub, marking the first time prudential information from all EEA institutions is made publicly accessible through a single, harmonised digital platform. The hub discloses the data that large and other institutions began submitting on 26 January, and significantly enhances the availability, usability and comparability of prudential information across the EU. By boosting transparency and supporting market discipline, the hub contributes to further strengthening the resilience and soundness of the European financial system.
With the first wave of institutions successfully onboarded, Pillar 3 reports can now be submitted to the EBA platform for publication in the data hub. Users gain access to official data submitted by institutions and can explore it through an intuitive visualisation tool that enables easy comparisons across institutions, reference dates, and other dimensions. Bulk data downloads are also available, for deeper analysis and research. The full data set for the three first reference dates – June, September and December 2025 – is expected to be available by June this year.
The launch follows a successful testing phase with a sample of institutions. From June onwards, Institutions are expected to submit via the platform the Pillar 3 reports they have already published on their own websites for 2025 reference dates, in line with the transitional arrangements envisaged under the final draft ITS (link). This transition period enables institutions to familiarise themselves with the platform and submission process, before moving to the steady state. It will conclude with the submission of reports for the December 2025 reference date.
A comprehensive user guide (link) covering all features of the Pillar 3 data hub was published on 23 January 2026.
Legal basis and next steps
The new Banking Package (Capital Requirements Regulation/Capital Requirements Directive – CRR3/CRD6), which implements the latest Basel III reforms in the EU, includes a mandate for the EBA to develop a Pillar 3 data hub. The EBA’s plan implementation plan for all the mandates under the Banking Package is available on the Pillar 3 data hub webpage (link).
The EBA intends to introduce in the visualisation tool a dynamic dashboard of key indicators, planned to evolve over time based on industry feedback and emerging needs.