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Financial Stability Review

The Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims to promote awareness in the financial industry and among the public of euro area financial stability issues. It is published twice a year, with the next release set for November 2026.

May 2026

At a glance

Overview

Euro area financial stability vulnerabilities remain elevated as geoeconomic shock unfolds.

Read the key messages
Focus

This issue also looks at the implications of stress in global private credit markets for euro area financial stability.

Discover the potential impact
Full report

Explore the latest sources of risk and vulnerabilities for the euro area financial system in detail by reading the full report.

See the full report

For the media

The outlook for euro area financial stability is shaped by geoeconomic stress and energy supply disruptions.

Read the press release

Presentation slides

View the key messages and findings as presented by Vice-President Luis de Guindos in the press conference marking the latest release.

See the slides

Euro Matters

In some previous episodes of Euro Matters, the ECB's podcast, our host talked to experts about topics and trends that matter for financial stability in the euro area.

27 November 2025

The rise of AI, stablecoins and private markets: how stable is the financial system?

22 May 2025

Trade, tensions, tariffs... and a whole world of uncertainty

25 November 2024

Financial stability in uncertain times

17 May 2024

Financial stability in a ChatGPT world

2 December 2023

When the yin meets the yang: resilience in gloomy times

Not an expert? Check out our explainer
Learn more
Spotlight on financial stability

SEE ALSO

Find out more about related content

Macroprudential policies

The Macroprudential Bulletin provides insight into our work in the field of macroprudential policy. The aim of the Macroprudential Bulletin is to raise awareness of macroprudential policy issues in the euro area and to foster broader discussion on key macroprudential issues.

Macroprudential Bulletin

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