And in this case “very quickly” means that communications may often first have to be limited to process-related information. We also reached agreements on the need to communicate better. In other words, on who will communicate what in which circumstances. In the first instance, the bank that has been affected will communicate.
If, however, the problem is more widespread, the Netherlands Bankers’ Association (NVB) will communicate on behalf of the sector. 4  BIS central bankers’ speeches  DNB will communicate only if the payment system as a whole is at risk. Or, to put it more accurately, the Tripartite Crisis Organisation (TCO) will communicate.