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ARTICLE · 26 FEBRUARY 2024

Banking Regulation Outlook 2024: Chambers Banking Regulation 2024 Global Practice Guide

Osborne Clarke LLP
Osborne Clarke LLP
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Osborne Clarke LLP

Osborne Clarke LLP

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For the Dutch banking sector, 2024 promises to be a transformative year marked by regulatory changes and technological advancements...

NetherlandsFinance and Banking
Johannes de Jong
Johannes de Jong
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Johannes de Jong Head of Financial Regulatory of Osborne Clarke's Amsterdam office:

For the Dutch banking sector, 2024 promises to be a transformative year marked by regulatory changes and technological advancements, with artificial intelligence (AI) playing a pivotal role. The integration of generative AI, particularly in fintech, will be a prominent feature, with innovations such as chatbots facilitating natural language communication between customers and banking apps. Major Dutch licensed banks, including ING and ABN are already embracing generative AI initiatives.

The year will also challenge the banking sector in newways as banks encounter new obstacles because of economic difficulties, which place addition pressure on the sector. In 2023, global uncertainties, particularly due to the war in Ukraine and tensions in the Middle East, significantly influenced the Dutch economy.

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