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  1. ECB Financial Stability Review
    ECB publishes Financial Stability Review in May 2025

    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.

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  2. ECB Financial Stability Review
    ECB publishes Financial Stability Review in May 2024

    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.

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  3. ECB Financial Stability Review
    ECB publishes Financial Stability Review in May 2023

    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.

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  4. ECB Financial Stability Review
    ECB publishes Financial Stability Review in May 2022

    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.

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  5. ECB Financial Stability Review
    ECB published November 2021 Financial Stability Review

    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.

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  6. Bundesbank Financial Stability Review
    Bundesbank publishes 2024 Financial Stability Review

    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.

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  7. Bundesbank Financial Stability Review
    Bundesbank publishes 2023 Financial Stability Review

    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.

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  8. Bundesbank Financial Stability Review
    Bundesbank publishes 2022 Financial Stability Review

    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.

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  9. Bundesbank Financial Stability Review
    Bundesbank publishes 2021 Financial Stability Review

    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.

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  10. Bundesbank Financial Stability Review
    Bundesbank publishes 2020 Financial Stability Review

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

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