According to the ECB’s May 2022 Financial Stability Review, the war in Ukraine has increased the risks to financial stability. However, the European banking system has proved resilient. Challenges could also arise in relation to debt sustainability.

According to the ECB’s May 2023 Financial Stability Review, the risks to financial stability have remained elevated since November 2022. Although euro area growth expectations for 2023 have been revised upwards, risks to inflation and other risks are still tilted to the upside. Targeted macroprudential measures are contributing strongly to the stability of the financial system.

The European Central Bank (ECB) published its semi-annual Financial Stability Review on 16 May 2024. It provides an overview of potential risks to financial stability in the euro area.

The European Central Bank (ECB) published its semi-annual Financial Stability Review on 21 May 2025. It provides an overview of potential risks to financial stability in the euro area.

According to the ECB’s November 2022 Financial Stability Review, the risks to financial stability have risen further since May 2022. The probability of recession has increased substantially. Macroprudential buffers are contributing to the financial system’s stability.

The European Central Bank (ECB) published its semi-annual Financial Stability Review on 22 November 2023. This provides an overview of potential risks to financial stability in the euro area.

The European Central Bank (ECB) published its semi-annual Financial Stability Review on 20 November 2024. It provides an overview of potential risks to financial stability in the euro area.

The European Central Bank (ECB) published its semi-annual Financial Stability Review on 26 November 2025. It provides an overview of potential risks to financial stability in the euro area.

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), …

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.