The Bundesbank published its annual Financial Stability Review on 24 November 2022. In the review the Bundesbank explains vulnerabilities in the German financial system and highlights risks to its stability.

The assessment of the macroprudential stance may support policymakers in deciding how to address systemic risks, aid communication of macroprudential policy decisions and increase accountability.

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 European Systemic Risk Board (ESRB) has published a second report on macroprudential policy issues arising from the low interest rate environment in the financial system of the European Union (EU). Looking beyond recent cyclical developments, the coronavirus (COVID-19) shock may have increased the likelihood and persistence of a “low for long” scenario.

The Federal Ministry of Finance has issued a new statutory instrument on the collection of financial stability data (FinStabDEV), which entered into force on 3 February 2021. It gives the Deutsche Bundesbank the power to collect relevant data on residential real estate lending on a regular basis. The additional data will strengthen macroprudential supervision and make it possible to deploy …

The global Covid-19 pandemic led to the worst economic downturn in Germany in decades during the first half of 2020.

Germany’s financial supervisory authority is carefully and continuously monitoring the impact of the Covid-19 pandemic on the financial sector. BaFin has summarised what actions BaFin, the European Central Bank and the European supervisory authorities are taking in response to Covid-19 on the BaFin website.

The ESRB addresses its recommendations to national macroprudential supervisory authorities. In Germany, this is the function of the Financial Stability Committee. Accordingly, the Financial Stability Committee will participate in identifying, and sharing information related to, recommended fiscal policy actions in connection with Covid-19.