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).

The Financial Stability Committee approved a recommendation to the German government regarding the creation of national macroprudential instruments for the residential real estate market. They comprise additional intervention rights on the part of the supervisory authority in order to counteract credit-driven overheating on the residential real estate market and potential systemic crises in Germany.

At its meeting on 27 May 2019, the Financial Stability Committee recommended that the Federal Financial Supervisory Authority (BaFin) activate the domestic countercyclical capital buffer (CCyB) starting in the third quarter of 2019 and increase it from zero to 0.25 per cent within 12 months.

The German Financial Stability Committee (FSC) agrees with the risk assessment and the conclusions of the European Systemic Risk Board (ESRB) in its warning on vulnerabilities in the European financial system. The ESRB’s warning is also addressed at national authorities with responsibility for financial stability. The Committee supports the ESRB’s call to preserve or further build up micro and …

The Financial Stability Committee (FSC; Ausschuss für Finanzstabilität) presents its eleventh report to the German Bundestag, covering the reporting period from 1 April 2023 to 31 March 2024. The FSC dealt with developments in the risk situation and resilience in the German financial system as well as the adequacy of the package of macroprudential measures. Among other things, the FSC discussed …

The Financial Stability Committee (FSC; Ausschuss für Finanzstabilität) presents its twelfth report to the German Bundestag covering the reporting period from 1 April 2024 to 31 March 2025. The FSC dealt with developments in the risk situation and resilience in the German financial system as well as the appropriateness of the package of macroprudential measures. Among other things, the FSC …

The Financial Stability Committee (FSC; Ausschuss für Finanzstabilität) presents its thirteenth report to the German Bundestag, covering the reporting period from 1 April 2025 to 31 March 2026. The FSC dealt with developments in the risk situation and resilience in the German financial system as well as the appropriateness of the package of macroprudential measures. Among other things, the FSC …

In the second half of 2023 the German financial system proved stable despite the existence of high vulnerabilities. However, uncertainty remains high in view of interest rate rises, a clouded growth outlook, increased cyber risks and geopolitical conflicts.

The time series for the indicators used to set the CCyB have been updated. The time series are now available for Q1 2020.

The time series for the indicators used to set the CCyB have been updated. The time series are now available for Q2 2020.