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 ESRB issued a warning about risks to EU financial stability (ESRB/2022/7). It calls for resilience in the financial system to be preserved or enhanced in order to support the economy if these risks materialise.

The German financial system remained resilient in the second half of 2024. Macro-financial conditions improved gradually over the course of the year, and existing vulnerabilities declined slowly and in an orderly manner.

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 third Financial Stability Committee report concerned itself with more than just domestic developments. Corrections on the Chinese markets and political uncertainty triggered by the refugee crisis and Brexit are also having an impact on the German financial system.

BaFin reduced the countercyclical capital buffer for German banks in light of the uncertain impact of the Covid-19 pandemic. The Financial Stability Committee endorses the lowering of the countercyclical capital buffer in March 2020.

The Financial Stability Committee (FSC) presents the German Bundestag its tenth report, covering the reporting period from 1 April 2022 to 31 March 2023. The FSC dealt with developments in the risk situation and resilience of the German financial system as well as the adequacy of the package of macroprudential measures. Amongst other things, the FSC looked at risks that financial stability might …

In its sixth report of 20 May 2019, the Financial Stability Committee focused on cyber risks and Brexit. It also addressed the countercyclical capital buffer for banks.

The Financial Stability Committee presented its seventh report to the German Bundestag today. The report indicates that during the period from 1 April 2019 to 31 March 2020, the Financial Stability Committee was primarily concerned with the risk of underestimating credit risks, the low interest rate environment and property markets.

The ECB’s expansionary monetary policies are not the only factor contributing to uncertainty concerning the financial stability situation and trends in Germany. Developments in Greece and the Russia-Ukraine conflict also play a significant role. This is explored in more depth in the Financial Stability Committee’s second report, issued on 30 June 2015.