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 21 May 2025. 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 16 May 2024. It provides an overview of potential risks to financial stability in the euro area.

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.

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.

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 Bundesbank published its annual Financial Stability Review on November 6, 2025. In the review the Bundesbank highlights relevant developments, explains vulnerabilities in the German financial system and points out risks to its stability.

The Bundesbank published its annual Financial Stability Review on 21 November 2024. In the review the Bundesbank explains vulnerabilities in the German financial system and highlights risks to its stability.

The Bundesbank published its annual Financial Stability Review on 23 November 2023. In the review the Bundesbank explains vulnerabilities in the German financial system and highlights risks to its stability.

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.