Publications on Financial stability

24/05/2016
Financial Stability Review Press release:
23/05/2016
Recent trends in euro are banks' business models and implications for banking sector stability
23/03/2016
Macroprudential Bulletin, Issue 1 / 2016
04/02/2016
Eurosystem contribution to the European Commission's call for evidence on the EU regulatory framework for financial services
12/01/2016
Research Bulletin No. 23
10/12/2015
The impact of the CRR and CRD IV on bank financing - Eurosystem response to the DG FISMA consultation paper
25/11/2015
Financial Stability Review Press release:
23/11/2015
The impact of the Basel III leverage ratio on risk-taking and bank stability
29/10/2015
Report on financial structures
24/07/2015
Research Bulletin No. 22
28/05/2015
Financial Stability Review, May 2015
27/04/2015
Financial integration in Europe, 2015
27/11/2014
Financial Stability Review
[online only]
Press release:
13/11/2014
Article: The financial vulnerability of euro area households - evidence from the Eurosystem's Household Finance and Consumption Survey
Monthly Bulletin 11/2014
13/11/2014
Article: Early warning indicators for fiscal stress in European budgetary surveillance
Monthly Bulletin 11/2014
13/10/2014
Banking structures report, October 2014
[online only]
Press release
28/05/2014
Financial Stability Review
[online only]

Press release:
28/04/2014
Financial Integration in Europe
[online only]

Press release:
11/04/2014
The impaired EU securitisation market: causes, roadblocks and how to deal with them
Joint paper by the ECB and the Bank of England
27/11/2013
Financial Stability Review Press release:
04/11/2013
Banking structures report, November 2013
[online only]
Press release:
08/08/2013
Article: A macro stress-testing framework for bank solvency analysis
Monthly Bulletin 8/2013
11/07/2013
Article: Is there a risk of a creeping rise in trade protectionism?
Monthly Bulletin 7/2013
29/05/2013
Financial Stability Review Press release:
25/04/2013
Financial integration in Europe
Press release:
14/02/2013
Article: Enhancing the monitoring of shadow banking
Monthly Bulletin 2/2013
17/12/2012
Research Bulletin No. 17
[online only]
14/12/2012
Financial Stability Review Press release:
14/11/2012
European Commission's public consultation on the regulation of indices - Eurosystem's response
[online only]
30/10/2012
Report on the first two years of the Macro-Prudential Research Network
[online only]
Press release:
19/07/2012
Research Bulletin No. 16
[online only]
12/07/2012
Article: Assessing the anchoring of longer-term inflation expectations
Monthly Bulletin 7/2012
06/07/2012
Commission's green paper on shadow banking. The Eurosystem's reply
12/06/2012
Financial Stability Review Press release:
10/05/2012
Article: A fiscal compact for a stronger Economic and Monetary Union
Monthly Bulletin 5/2012
10/05/2012
Article: Comparing the recent financial crisis in the United States and the euro area with the experience of Japan in the 1990s
Monthly Bulletin 5/2012
26/04/2012
Financial integration in Europe Press release:
26/04/2012
Changes in bank financing patterns
[online only]
12/04/2012
Article: Analysing government debt sustainability in the euro area
Monthly Bulletin 4/2012
13/03/2012
The great financial crisis: Lessons for financial stability and monetary policy. An ECB colloquium held in honour of Lucas Papademos, 20-21 May 2010
17/02/2012
Research Bulletin No. 15
[online only]
16/02/2012
Article: Corporate indebtedness in the euro area
Monthly Bulletin 2/2012
19/12/2011
Financial Stability Review Press release:
14/07/2011
Article: The new EU framework for financial crisis management and resolution
Monthly Bulletin 7/2011
15/06/2011
Financial Stability Review Press release:
31/05/2011
European Commission’s public consultation on the technical details of a possible EU framework for bank recovery and resolution – ESCB contribution
[online only]
European Commission: Consultation on technical details of a possible European crisis management framework
02/05/2011
Financial integration in Europe Press release:
23/02/2011
European Commission’s public consultation on credit rating agencies – Eurosystem reply
23/02/2011
European Commission’s public consultation on the review of the MiFID– Eurosystem contribution
21/02/2011
Recent developments in securitisation
[online only]
17/01/2011
Eurosystem reply to consultation on countercyclical capital buffer
[online only]
09/12/2010
Financial Stability Review
20/10/2010
Recent developments in supervisory structures in the EU Member States (2007-10)
[online only]
18/10/2010
Article: The ECB's response to the financial crisis
Monthly Bulletin 10/2010
29/09/2010
EU banking sector stability
[online only]
29/09/2010
Beyond RoE: How to measure bank performance. Appendix to the report on EU banking structures
[online only]
29/09/2010
Report on EU banking structures
[online only]
05/08/2010
Commission public consultation on short selling - Eurosystem reply
[online only]
23/07/2010
EU stress-test exercise. Technical note on the macroeconomic scenarios and reference risk parameters
[online only]
Press release:
23/07/2010
2010 EU-wide stress testing exercise: Questions & Answers
[online only]
Press release:
23/07/2010
EU stress-test exercise. Key messages on methodological issues
[online only]
Press release:
15/07/2010
Article: The effectiveness of euro area fiscal policies
Monthly Bulletin 7/2010
31/05/2010
Financial Stability Review June 2010
28/04/2010
Memorandum of understanding on the exchange of information among national central credit registers for the purpose of passing it on to reporting institutions
Annexes updated: January 2012 [online only]
15/04/2010
Article: Prospects for real and financial imbalances and a global rebalancing
Monthly Bulletin 4/2010
15/04/2010
Article: Measures taken by euro area governments in support of the financial sector
Monthly Bulletin 4/2010
12/04/2010
Financial integration in Europe Press release:
11/02/2010
Article: Euro area commercial property markets and their impact on banks
Monthly Bulletin 2/2010
08/02/2010
Commission communication to 'An EU framework for cross-border crisis management in the banking sector': Eurosystem's reply to the public consultation
[online only]
15/01/2010
Structural indicators for the EU banking sector
[online only]
18/12/2009
Financial Stability Review December 2009 Press release:
28/08/2009
EU banking sector stability
[online only]
28/08/2009
Credit default swaps and counterparty risk
[online only]
13/08/2009
The Eurosystem's stance on the Commission's consultation document on the review of directive 94/19/EC on deposit-guarantee schemes
[online only]
15/06/2009
Financial Stability Review
14/05/2009
Article: Credit rating agencies: developments and policy issues
Monthly Bulletin 5/2009
13/05/2009
EU banks' funding structures and policies
[online only]
06/04/2009
Financial integration in Europe Press release:
06/03/2009
Guiding principles for bank asset support schemes
[online only]
European Commission website
25/02/2009
European Commission's consultation on hedge funds - Eurosystem contribution
[online only]
19/12/2008
Commercial property markets - financial stability risks, recent developments and EU banks' exposures
[online only]
19/12/2008
Recommendations of the Governing Council of the European Central Bank on government guarantees for bank debt
19/12/2008
Recommendations of the Governing Council of the European Central Bank on the pricing of recapitalisations
19/12/2008
The incentive structure of the ‘originate and distribute’ model
[online only]
17/12/2008
Covered bonds in the EU financial system
[online only]
15/12/2008
Financial Stability Review Summary: en
Press release:
28/11/2008
EU banks' liquidity stress testing and contingency funding plans
[online only]
13/10/2008
EU banking structures
[online only]
Press release:
09/10/2008
Article: Cross-border bank mergers & aquisitions and institutional investors
Monthly Bulletin 10/2008
25/09/2008
Commission's draft directive/regulation on credit rating agencies
Eurosystem contribution to the public consultation [online only]
02/09/2008
Simulating financial instability. Conference on stress testing and financial crisis simulation exercises, 12-13 July 2007 Conferences & seminars
11/07/2008
Payment systems and market infrastructure oversight report
[online only]
Press release:
20/06/2008
Memorandum of Understanding on Co-operation between the Financial Supervisory Authorities, Central Banks and Finance Ministries of the EU on Cross-Border Financial Stability
[online only]
09/06/2008
Financial Stability Review, June 2008 Press release:
29/04/2008
Financial integration in Europe Press release:
17/04/2008
Article: Developments in the EU arrangements for financial stability
Monthly Bulletin 4/2008
31/01/2008
ECB Payments and monetary and financial stability
12/12/2007
Financial Stability Review, December 2007 Press release:
30/11/2007
Review of the Lamfalussy framework - Eurosystem contribution
[online only]
14/11/2007
EU banking sector stability
[online only]
Press release:
05/10/2007
EU banking structures
[online only]
Press release:
09/08/2007
Article: Adjustment of global imbalances in a financially integrating world
Monthly Bulletin 8/2007
09/08/2007
Article: The financing of small and medium-sized enterprises in the euro area
Monthly Bulletin 8/2007
09/08/2007
Article: Leveraged buyouts and financial stability
Monthly Bulletin 8/2007
11/07/2007
Potential impact of solvency II on financial stability
[online only]
15/06/2007
Financial Stability Review, June 2007 Press release:
18/04/2007
Large banks and private equity-sponsored leveraged buyouts in the EU
11/04/2007
Risk measurement and systemic risk. Fourth joint central bank research conference 8-9 November 2005
In co-operation with the Committee on the Global Financial System
Fourth joint central bank research conference page
28/03/2007
Financial Integration in Europe
15/02/2007
Article: The EU arrangements for financial crisis management
Monthly Bulletin 2/2007
19/12/2006
Assessment of accounting standards from a financial stability perspective
[online only]
Press release:
11/12/2006
Financial Stability Review, December 2006 Press release:
09/11/2006
Article: Financial development in central, eastern and south-eastern Europe
Monthly Bulletin 11/2006
07/11/2006
EU banking sector stability Press release:
25/10/2006
EU banking structures Press release:
23/10/2006
Recent developments in supervisory structures in EU and acceding countries
[online only]
29/09/2006
Indicators of financial integration in the euro area Press release:
01/06/2006
Financial Stability Review Press release:
11/05/2006
Article: The contribution of the ECB and the Eurosystem to European financial integration
Monthly Bulletin 5/2006
19/01/2006
Article: Hedge funds: developments and policy implications
Monthly Bulletin 1/2006
08/12/2005
Financial stability review - December 2005 Press release:
01/12/2005
The European Commission’s Green Paper on mortgage credit in the EU. Eurosystem contribution to the public consultation
[online only]
25/11/2005
Large EU banks' exposures to hedge funds Press release:
17/11/2005
Green paper on the enhancement of the EU framework for investment funds. Eurosystem contribution to the Commission's public consultation
[online only]
17/10/2005
EU banking sector stability Press release:
13/10/2005
Article: Assessing the performance of financial systems
Monthly Bulletin 10/2005
07/10/2005
EU banking structures Press release:
30/09/2005
Indicators of financial integration in the euro area, September 2005 Press release:
01/08/2005
Eurosystem contribution to the public consultation by the European Commission on the Green Paper on Financial Services Policy (2005-2010)
[online only]
20/07/2005
Reply of the ECB to the public consultation by the CEBS on the consolidated financial reporting framework for credit institutions
[online only]
31/05/2005
Financial stability review - June 2005
12/05/2005
Article: The evolving framework for corporate governance
Monthly Bulletin 5/2005
12/05/2005
Article: Consolidation and diversification in the euro area banking sector
Monthly Bulletin 5/2005
22/02/2005
Review of the application of the Lamfalussy framework to EU securities markets legislation
[online only]
10/02/2005
Article: Bank market discipline
Monthly Bulletin 2/2005
31/01/2005
Banking structures in the new EU Member States Press release:
20/01/2005
Article: The new Basel capital accord: main features and implications
Monthly Bulletin 1/2005
15/12/2004
Financial Stability Review Press briefing on the “ECB Financial Stability Review“
24/11/2004
EU banking sector stability 2004 Press release:
24/11/2004
Report on EU banking structure 2004 Press release:
11/11/2004
Article: Developments in the EU framework for financial regulation, supervision and stability
Monthly Bulletin 11/2004
08/07/2004
Accounting for the resilience of the EU banking sector since 2000
08/07/2004
Article: Accounting for the resilience of the EU banking sector since 2000
Monthly Bulletin 7/2004
24/05/2004
Credit risk transfer by EU banks: activities, risks and risk management Press release:
12/02/2004
Article: The impact of fair value accounting on the European banking sector - a financial stability perspective
Monthly Bulletin 2/2004
02/12/2003
Comments of the ECB on the third consultative document of the European Commission on regulatory capital review
28/11/2003
Structural analysis of the EU banking sector, Year 2002 Press release:
19/11/2003
EU banking sector stability Press release:
09/10/2003
Article: Recent developments in financial structures of the euro area
Monthly Bulletin 10/2003
09/10/2003
Article: The integration of Europe’s financial markets
Monthly Bulletin 10/2003
04/09/2003
The New Basel Capital Accord: reply of the European Central Bank to the third consultative proposals (CP3)
07/08/2003
Article: Recent developments in the euro area banking sector
Monthly Bulletin 8/2003
18/06/2003
Developments in national supervisory structures
10/04/2003
Article: A bank lending survey for the euro area
Monthly Bulletin 4/2003
22/03/2003
Memorandum of Understanding on the exchange of information among credit registers for the benefit of reporting institutions
Annexes updated: January 2009 [online only]
12/02/2003
EU banking sector stability Press release:
16/11/2002
Structural analysis of the EU banking sector Press release:
08/08/2002
Article: Recent developments and risks in the euro area banking sector
Monthly Bulletin 8/2002
28/05/2002
Developments in banks' liquidity profile and management
09/05/2002
Article: International supervisory co-operation
Monthly Bulletin 5/2002
08/11/2001
Fair value accounting in the banking sector: ECB comments on the "Draft standard and basis for conclusions - financial instruments and similar items" issued by the Financial Instruments Joint Working Group of Standard Setters
15/06/2001
The New Basel Capital Accord, Comments of the European Central Bank Additional information is available on the Bank for International Settlements web site
17/05/2001
Article: The new capital adequacy regime the ECB perspective
Monthly Bulletin 5/2001
30/03/2001
The role of central banks in prudential supervision Press release:
20/12/2000
Mergers and acquisitions involving the EU banking industry - facts and implications Press release:
20/12/2000
EU banks' margins and credit standards Press release:
10/08/2000
Article: Price and cost indicators for the euro area: an overview
Monthly Bulletin 8/2000
22/04/2000
Article: EMU and banking supervision
Monthly Bulletin 4/2000
03/04/2000
Asset prices and banking stability Press release:
03/04/2000
EU banks' income structure Press release:
30/07/1999
The effects of technology on the EU banking systems
20/04/1999
Article: Banking in the euro area: structural features and trends
Monthly Bulletin 4/1999
25/02/1999
Possible effects of EMU on the EU banking systems in the medium to long term Press release: