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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 provisionally set for 31 May 2023.

November 2022

Overview

Financial stability risks have risen, as people and firms across the euro area feel the impact of higher inflation, a weaker economic outlook and tighter financial conditions.

Read the key messages
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
Focus

This edition also looks at the risks from the perspective of household income inequality in an environment of rising prices and interest rate hikes.

Find out more

For the media

Current developments are increasing the vulnerability of firms, households and governments with more debt, and are a potential source of stress in financial markets and investment funds.

Read the press release of 16 November 2022

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 of 16 November 2022

The ECB Podcast: Hacktivists, ransoms and cyberwar – threats for the financial system?

Are cyberattacks a threat to financial stability? Why do hackers target financial institutions?

Listen to the podcast

Analyse the results

Download the latest Financial Stability Review in PDF format
Download the statistical data of the latest Financial Stability Review

WANT TO LEARN MORE?

CHECK OUT OUR PREVIOUS RELEASES

16 November 2022

Financial Stability Review, November 2022

25 May 2022

Financial Stability Review, May 2022

17 November 2021

Financial Stability Review, November 2021

19 May 2021

Financial Stability Review, May 2021

25 November 2020

Financial Stability Review, November 2020

SHOW ALL RELEASES

The ECB Podcast

Also in previous episodes of The ECB Podcast, our host talked to experts about topics and trends that matter for financial stability in the euro area.

Is financial stability at risk?

How is financial stability faring in today's challenging environment? What risks do we see for financial markets and the real estate sector?

Listen to the podcast on financial stability amid high inflation and rate hikes
Financial stability amid Russia’s war in Ukraine

How is financial stability doing in the wake of Russia’s invasion of Ukraine? What risks are we keeping an eye on, for instance in the crypto-asset and housing markets?

Listen to the podcast on financial stability amid Russia’s war in Ukraine
Financial stability in the wake of the third wave

What does financial stability have to do with cycling and zombies? How has the third wave of the pandemic affected the financial system? What risks lie ahead?

Listen to the podcast on financial stability in the wake of the third wave
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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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