Klaas Knot, Former President of De Nederlandsche Bank - EIOPA's anniversary conference 2026

📅 Feb 11, 2026 EIOPA videos 20 MIN 11 VIEWS 12 SEGMENTS · 2 SPEAKERS

Questions asked in this interview

0:03Who could be better placed to reflect on the evolution of financial supervision and the challenges ahead?

Host 0:03 ↗

Good morning everyone. It is a pleasure to welcome you to Frankfurt and to AOPA's 15th anniversary conference, Supervision with Impact. This year marks 15 years since AOPA was established. Over the past decade and a half, AOPA has shaped insurance and pension supervision in Europe, strengthening financial stability and crucially reinforcing trust for European consumers. Today is both a moment to reflect and to look ahead. As AOPA enters its next phase, our discussions will focus on how supervision can continue to deliver tangible, real-time impact in a rapidly changing environment. It is my great pleasure to introduce our opening keynote speaker, Klaas Knot. Klaas is the former president of the Netherlands Bank and former chair of the Financial Stability Board. Who could be better placed to reflect on the evolution of financial supervision and the challenges ahead? Klaas, thank you very much for being with us today. Here, the floor is yours.

1 more exchange in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Knot, K. (2026, February 11). Klaas Knot, Former President of De Nederlandsche Bank - EIOPA's anniversary conference 2026 [Interview transcript]. EIOPA videos. CEOInterviews.AI. https://ceointerviews.ai/interview/698873/

MLA

Klaas Knot. "Klaas Knot, Former President of De Nederlandsche Bank - EIOPA's anniversary conference 2026." EIOPA videos, 11 Feb. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/698873/.

BibTeX

@misc{knot2026_698873,
  author       = {Klaas Knot},
  title        = {Klaas Knot, Former President of De Nederlandsche Bank - EIOPA's anniversary conference 2026},
  howpublished = {Interview transcript, EIOPA videos. CEOInterviews.AI},
  year         = {2026},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/698873/},
  note         = {Speaker-attributed transcript with timestamps}
}

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Key Quotes (2)

“Today, however, the biggest threats to financial stability may lie outside traditional banks in the realm of what we call non-bank financial intermediaries or in short NBFI.”

▶ 5:29 POLICY

“For example, when we look at hedge funds using repo markets to finance sovereign bond trades, we see that in 2025, around 56% of bilateral repo transactions by hedge funds in US Treasury markets were conducted with zero haircuts.”

▶ 9:12 CONTROVERSIAL POLICY

More interviews with Klaas Knot

Explanation by Lelylijn envoy Klaas Knot to House of Representatives members (May 13, 2026)May 18, 2026 · Kunst en Landschap Noord Nederland · 61 min
De Mathieu Segers Lezing door Klaas KnotFeb 10, 2026 · Haagsch College · 108 min
#100 - S5E20 - Klaas Knot — President van De Nederlandsche Bank, voorzitter FSB, over DNB, jeugd,...Jan 27, 2026 · Leaders in Finance · 50 min
Monetary policy and the euro in an uncertain worldApr 23, 2025 · Peterson Institute for International Economics · 54 min
Amsterdamse iconen: Klaas KnotDec 02, 2024 · Pakhuis de Zwijger · 58 min

All Klaas Knot transcripts →

About Klaas Knot

Klaas Knot, who stepped down as president of De Nederlandsche Bank in mid-2025 after 14 years, has continued to speak publicly on financial stability, European integration, and monetary policy. In February 2026, he delivered the keynote at EIOPA’s anniversary conference, where he warned that the biggest threats to financial stability now lie outside traditional banks, in the non-bank financial intermediary sector. He cited data showing that in 2025, around 56% of bilateral repo transactions by hedge funds in US Treasury markets were conducted with zero haircuts, which he described as "worrisome." He also noted that the UK gilt market crisis of 2022 demonstrated how real-money investors like pension funds can pose risks to financial stability. At the same event, he praised EIOPA for showing "maturity, ambition, and a clear sense of purpose" at age 15. In a February 2026 lecture in memory of Mathieu Segers, Knot argued that deeper European economic integration is necessary for Europe to survive in an era of superpowers, stating that "sharing sovereignty is necessary" and that Europe needs higher economic growth "not to become like the Chinese or Americans, but to preserve and defend what we value in Europe." He also addressed the question of countries that obstruct harmonization, citing the concept of "variable geometry" as a possible approach. In earlier appearances in 2025, Knot expressed openness to eurobonds for joint defense financing, saying he wished for a "more rational debate" on the topic in the Netherlands, and noted that while the Netherlands would not directly benefit from lower borrowing costs, it would benefit from stronger European defense. He also discussed the impact of US trade tariffs, stating in May 2025 that it was "crystal clear" tariffs could hit growth in the short term, and that the ECB was in a "pretty good place" with rates neither restrictive nor stimulative.

All Klaas Knot appearances → EIOPA videos on YouTube →