The time series for the indicators used to set the CCyB have been updated. The time series are now available for Q3 2021.

The European Systemic Risk Board (ESRB) has published a Recommendation for the establishment of a pan-European systemic cyber incident coordination framework (EU-SCICF) (ESRB/2021/17).

ESRB has published a policy recommendation aimed at increasing the resilience of money market funds based on the lessons learned on the financial market turmoil of 2020 (ESRB/2021/9). An additional report provides an impact assessment.

The German Financial Stability Committee (FSC) has analysed which macroprudential instruments currently most effectively address the risks identified in the financial system. The FSC welcomes the package of macroprudential measures announced by the Federal Financial Supervisory Authority (BaFin).

At its December meeting, the Financial Stability Committee (FSC) assessed the current risk situation in the German financial system. It concluded that macroprudential policy should return to prevention mode. Given the existing uncertainties over economic trends, the FSC will assess which instruments should be activated swiftly in 2022 to address the identified risks as effectively as possible.

The Bundesbank published its annual Financial Stability Review on 25 November 2021. The review documents relevant developments as well as vulnerabilities in the German financial system and highlights risks to its stability.

The semi-annual Financial Stability Review finds that financial stability risks from the pandemic have lessened in the near term, but vulnerabilities are building up ahead.

The time series for the indicators used to set the CCyB have been updated. The time series are now available for Q2 2021.

The time series for the indicators used to set the CCyB have been updated. The time series are now available for Q1 2021.

The Financial Stability Committee (Ausschuss für Finanzstabilität) is presenting its eighth report on financial stability in Germany to the German Bundestag. Its work has focused on the impact of the coronavirus pandemic on the German financial system. Amongst other topics, the Committee has also been looking at risks emanating from the real estate market, Brexit, central counterparties (CCPs), …