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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 17 November 2021.

May 2021

At a glance

Overview

Vaccinations bring hope, but divergence is growing as some countries and sectors are hit harder than others.

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Climate change

This edition also includes new analyses of the impact of climate change on financial stability in the euro area.

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Full report

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

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Watch our latest findings

Financial stability vulnerabilities remain elevated as the coronavirus pandemic continues to dominate the euro area outlook.

For the media

The uneven economic impact of the pandemic is concentrating financial stability risks in specific sectors and countries.

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
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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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