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 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 25 November 2021. The review documents relevant developments as well as vulnerabilities in the German financial system and highlights risks to its stability.

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.

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 Systemic Risk Board (ESRB) published a recommendation on vulnerabilities in the European commercial real estate sector on 25 January 2023 (ESRB/2022/09). The recommendation is addressed to microprudential and macroprudential supervisory authorities and to the European Commission.

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.

ESRB has published a policy recommendation aimed at increasing the resilience of money market funds based on the lessons learned on the financial market turmoil of 2020 (ESRB/2021/9). An additional report provides an impact assessment.

ESRB has published five warnings and two recommendations on medium-term residential real estate vulnerabilities and the assessment of compliance with recommendations issued in 2019 (ESRB/2021/10).

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.