Transatlantic Financial Leaders Back Creation of New Defence Bank
Last month [July], a high-level taskforce co-chaired by UK Chancellor Rachel Reeves and UK Defence Secretary John Healey endorsed the creation of the Defence, Security and Resilience Bank (DSRB); a new international financial institution owned by nations that will help NATO and allies across the world deliver on the landmark five percent (5%) of GDP defence investment pledge adopted at the NATO Summit in June 2025. Equally, MEPs in the European Parliament have also voted for a resolution urging member states to create the DSRB to fund critical defence procurement whilst boosting modernisation and supply chain resilience across NATO, the EU, and Indo-Pacific allied nations.
A detailed plan and draft charter for the DSRB have been developed by the DSRB Development Group — an international team of former multilateral bankers, lawyers, defence investment specialists, and senior defence policy leaders.
The DSRB is being supported by five major transatlantic financial institutions including Commerzbank AG, ING Group N.V., JPMorganChase, Landesbank Baden-Württemberg (LBBW) and RBC Capital Markets to create a new multilateral bank designed to bring capital market expertise to global security and resilience.
The formal involvement of these transatlantic financial leaders marks a historic milestone in the development of the DSRB.
“For too long, we have underestimated the role of capital in defence,” said Rob Murray, [former head of innovation at NATO] and Chief Executive Officer of the DSRB Development Group, a non-profit corporation, helping to lead the development of the bank. “The banks stepping up today understand that deterrence demands financial support—and this new institution is being built to deliver it.”
These financial institutions bring decades of experience advising sovereigns, mobilising investor capital, and designing resilient financial architecture. Their participation ensures the Defence, Security and Resilience Bank will launch with both the technical credibility and market trust needed to operate at scale.
The participating banks will provide expert input on sovereign lending instruments, capital structuring, investor engagement, ratings advisory, risk and asset-liability management, and debt capital market access—ensuring that the Defence, Security and Resilience Bank can crowd in and secure private capital with confidence and speed.
“This is not just about financing defence—it is about redefining deterrence for the modern era,” said Kevin Reed, President of the DSRB Development Group. “In the twentieth century, deterrence meant industrial mobilisation. In the twenty-first, it means financial partnership.”
Further announcements are expected in the coming weeks, including a second wave of prominent banking partners, global investment firms, and sovereign stakeholders. Early September will mark the beginning of formal engagement on the bank’s institutional structure and charter design, with participating partners convening for initial discussions.
About the Defence, Security and Resilience Bank
The Defence, Security and Resilience Bank is being developed as a new multilateral financial institution to meet the sovereign financing needs of NATO and allied nations across the Indo-Pacific region. Its mission is to harness capital markets in support of deterrence, readiness, and collective security—ensuring that the free world has the financial tools to defend itself in an era of systemic threat.
About theDSRB Development Group
The DSRB Development Group is a nonprofit corporation helping to lead the development of the Defence, Security and Resilience Bank. The DSRB Development Group acts as an international coordination body in partnership with governments, financial institutions, and industry to design and mobilize a dedicated financial infrastructure that will deliver resilient, bankable solutions for 21st-century challenges in support of allied defence, resilience, and security supply chain ecosystems.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250807391220/en/
Contacts
Sean Palmer 004475 91760844 / sean.palmer@camarco.co.uk
(c) 2024 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
EIG’s MidOcean Energy Completes Acquisition of Interest in Canada from PETRONAS17.12.2025 09:58:00 CET | Press Release
MidOcean Energy (“MidOcean”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its acquisition of a 20% interest in PETRONAS’ key entities in Canada. The transaction includes a 20% interest in the North Montney Upstream Joint Venture (“NMJV”), which holds PETRONAS’ upstream investment in Canada, and a 20% interest in the North Montney LNG Limited Partnership (“NMLLP”), which holds PETRONAS’ 25% participating interest in the LNG Canada Project. This strategic investment positions MidOcean across the LNG value chain, securing upstream resources and downstream liquefaction through the LNG Canada Project, with around 0.7 MTPA of associated LNG and potential to grow further. RBC Capital Markets acted as financial advisor to MidOcean, and Latham & Watkins acted as legal advisor. About EIG EIG is a leading institutional investor in the global energy and infrastru
Nexo Announces Landmark Crypto Partnership with Tennis Australia for Australian Open and Summer of Tennis17.12.2025 09:00:00 CET | Press Release
Nexo, the premier digital assets platform, has entered a landmark multi-year global partnership with Tennis Australia, becoming the Official Crypto Partner of the Australian Open and the Summer of Tennis, including the United Cup, Adelaide International, Brisbane International, and Hobart International. This agreement marks the first time a digital asset company has partnered with a Grand Slam tournament, affirming Nexo’s prestige, long-term vision, and leadership at the intersection of elite sport and digital assets. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216497915/en/ Antoni Trenchev, Co-founder, Nexo, noted: “The Australian Open stands at the intersection of excellence and ambition – precisely where Nexo positions itself. Our partnership reflects a shared commitment to disciplined performance and long-term thinking. We are honored to join Tennis Australia in elevating the sport while showcasing the value of int
Jerrod Chong, Yubico ’ s Chief Operating Officer, appointed as acting CEO17.12.2025 08:05:00 CET | Press Release
Yubico (NASDAQ STOCKHOLM: YUBICO), the creator of the most secure passkeys and the leading provider of hardware authentication security keys, today announced that Jerrod Chong, Yubico’s current Chief Operating Officer, has been appointed to serve as acting CEO. Mattias Danielsson will be stepping down from his role as CEO of Yubico. "I am very pleased that Jerrod has accepted the role of acting CEO. With his extensive experience in cybersecurity and twelve years in senior leadership at Yubico, I am confident that he will lead Yubico on a continued path of growth and he will ensure Yubico maintains and strengthens its leading position. On behalf of the board, I also want to extend our sincere thanks to Mattias Danielsson for his hard work and significant contributions to Yubico’s development as a respected leader and colleague over sixteen years. We deeply appreciate his commitment to Yubico over the years," says Patrik Tigerschiöld, Chairman of the Board. "Yubico is entering an excitin
VeritasChain Unveils VAP Architecture, New Auditability Research, and Confirms Submissions to 58 Regulators Globally17.12.2025 08:00:00 CET | Press Release
VeritasChain today unveiled its Verifiable AI Provenance Framework (VAP) architecture, published new research on verifiable audit trails, and confirmed informational submissions to 58 regulatory authorities across 43 jurisdictions. These milestones advance VeritasChain’s mission to establish a global framework for verifiable auditability in AI and algorithmic trading. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251216433807/en/ Map indicates jurisdictions where regulatory outreach or informational submissions have been made as of Dec 2025. Verifiable AI Provenance Framework (VAP) VAP is a layered assurance architecture designed for independent verification of AI decision-making. It is not a single product, but a framework defining how cryptographic evidence and third-party verification interoperate across diverse systems. The architecture records decision-to-execution events as immutable audit trails, facilitating regulat
Outpost24 Secures New Investment to Scale its Exposure Management and Identity Security Solutions17.12.2025 08:00:00 CET | Press Release
Outpost24, a leader in exposure management and identity security, today announced a new investment from Vitruvian Partners to fuel its next phase of global growth. This significant new funding will accelerate innovation across the company's platform, with a focus on integrating AI capabilities to optimize how security teams identify and neutralize critical vulnerabilities. The only European vendor recognized as an overall leader in the 2025 KuppingerCole Leadership Compass Report for Attack Surface Management, Outpost24 delivers a distinct approach to cyber defence that empowers security teams to gain a complete understanding of their digital and human risk landscape. Last week, Outpost24 announced the acquisition of Infinipoint, a specialist in device identity, posture validation, and secure workforce access. The acquisition marks the company's entry into the Zero Trust Workforce Access market and lays the foundation for its identity security division, Specops, to offer a unified appr
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom