Financial stability can be defined as a condition in which the financial system – which comprises financial intermediaries, markets and market infrastructures – is capable of withstanding shocks and the unravelling of financial imbalances.
This mitigates the prospect of disruptions in the financial intermediation process that are severe enough to adversely impact real economic activity.The ECB and financial stability
Financial Stability Review
This biannual publication 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.More
This publication raises awareness of macroprudential policy issues in the euro area by bringing greater transparency to the ECB's ongoing work and thinking in this field.More
The ECB is responsible for assessing macroprudential measures adopted by national authorities in the countries subject to ECB Banking Supervision. If necessary to address risks to financial stability, the ECB has the power to apply more stringent measures than those adopted nationally.More