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Reports of the ESRB

The ESRB publishes reports on potential systemic risks arising in the financial sector. The ESRB General Board may give expert groups specific mandates in relation to assessing these risks. The expert groups are set up with the assistance of the Advisory Technical Committee (ATC) or the Advisory Scientific Committee (ASC), or both.

1 February 2024
Follow-up report on vulnerabilities in the residential real estate sectors of the EEA countries
15 January 2024
Improvements to the ESRB macroprudential stance framework
18 December 2023
Towards macroprudential frameworks for managing climate risk
4 September 2023
Issues note on policy options to address risks in corporate debt and real estate investment funds from a financial stability perspective
6 June 2023
EU Non-bank Financial Intermediation Risk Monitor 2023
25 May 2023
Crypto-assets and decentralised finance
14 February 2023
Advancing macroprudential tools for cyber resilience
25 January 2023
Vulnerabilities in the EEA commercial real estate sector
21 November 2022
Fiscal support and macroprudential policy - Lessons from the COVID-19 pandemic
30 August 2022
Issues note on macroprudential aspects of trade credit insurance
26 July 2022
The macroprudential challenge of climate change
15 July 2022
EU Non-bank Financial Intermediation Risk Monitor 2022
1 July 2022
Monitoring systemic risks in the EU securitisation market
31 March 2022
Review of the EU Macroprudential Framework for the Banking Sector - Concept Note
11 February 2022
Vulnerabilities in the residential real estate sectors of the EEA countries
27 January 2022
Mitigating systemic cyber risk
25 January 2022
Report on the economic rationale supporting the ESRB Recommendation of 2 December 2021 on money market funds and assessment
17 December 2021
Report of the Analytical Task Force on the overlap between capital buffers and minimum requirements
13 December 2021
Financial stability implications of IFRS 17 Insurance Contracts
1 December 2021
Report of the Expert Group on Macroprudential Stance – Phase II (implementation)
8 September 2021
Note on monitoring the financial stability implications of COVID-19 support measures
30 August 2021
EU Non-bank Financial Intermediation Risk Monitor 2021
1 July 2021
A Review of Macroprudential Policy in the EU in 2020
1 July 2021
Climate-related risk and financial stability
1 July 2021
Issues note on systemic vulnerabilities of and preliminary policy considerations to reform money market funds (MMFs)
1 June 2021
Lower for longer – macroprudential policy issues arising from the low interest rate environment
28 April 2021
Prevention and management of a large number of corporate insolvencies
16 February 2021
Financial stability implications of support measures to protect the real economy from the COVID-19 pandemic
21 October 2020
EU Non-bank Financial Intermediation Risk Monitor 2020
8 June 2020
Liquidity risks arising from margin calls
8 June 2020
System-wide restraints on dividend payments, share buybacks and other pay-outs
8 June 2020
Positively green: measuring climate change risks to financial stability
14 May 2020
Issues note on liquidity in corporate bond and commercial paper markets
29 April 2020
A Review of Macroprudential Policy in the EU in 2019
26 February 2020
Enhancing the macroprudential dimension of Solvency II
25 February 2020
Macroprudential implications of financial instruments in Levels 2 and 3 for accounting purposes
19 February 2020
Systemic cyber risk
9 January 2020
Mitigating the procyclicality of margins and haircuts in derivatives markets and securities financing transactions
17 December 2019
Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: commercial real estate
13 December 2019
Macroprudential policy implications of foreign branches relevant for financial stability
23 September 2019
Follow-up report on countries that received ESRB warnings in 2016 on medium-term vulnerabilities in the residential real estate sector
23 September 2019
Methodologies for the assessment of real estate vulnerabilities and macroprudential policies: residential real estate
23 September 2019
Vulnerabilities in the residential real estate sectors of the EEA countries
17 July 2019
EU Non-bank Financial Intermediation Risk Monitor 2019
30 April 2019
A Review of Macroprudential Policy in the EU in 2018
8 April 2019
Features of a macroprudential stance: initial considerations
18 March 2019
The cyclical behaviour of the ECL model in IFRS 9

Abstract

JEL Classification

G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages
M41 : Business Administration and Business Economics, Marketing, Accounting→Accounting and Auditing→Accounting
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation

31 January 2019
CCP interoperability arrangements

Abstract

JEL Classification

G10 : Financial Economics→General Financial Markets→General
G18 : Financial Economics→General Financial Markets→Government Policy and Regulation
G23 : Financial Economics→Financial Institutions and Services→Non-bank Financial Institutions, Financial Instruments, Institutional Investors
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation

28 January 2019
Macroprudential approaches to non-performing loans
16 January 2019
Expected credit loss approaches in Europe and the United States: differences from a financial stability perspective
26 November 2018
Report on vulnerabilities in the EU commercial real estate sector
26 November 2018
Macroprudential provisions, measures and instruments for insurance
10 September 2018
EU Shadow Banking Monitor, September 2018
25 April 2018
A Review of Macroprudential Policy in the EU in 2017
27 February 2018
Final report on the use of structural macroprudential instruments in the EU
29 January 2018
Sovereign bond-backed securities: a feasibility study – Volume I: main findings
15 January 2018
The ESRB handbook on operationalising macroprudential policy in the banking sector
17 August 2017
Regulatory risk-free yield curve properties and macroprudential consequences
17 August 2017
Recovery and resolution for the EU insurance sector: a macroprudential perspective
17 July 2017
Financial stability implications of IFRS 9
11 July 2017
Resolving non-performing loans in Europe
29 May 2017
EU Shadow Banking Monitor, May 2017
21 April 2017
Revision of the European Market Infrastructure Regulation
13 April 2017
A Review of Macroprudential Policy in the EU in 2016
16 February 2017
The macroprudential use of margins and haircuts
28 November 2016
Macroprudential policy issues arising from low interest rates and structural changes in the EU financial system
28 November 2016
Vulnerabilities in the EU residential real estate sector
6 October 2016
Market liquidity and market-making
6 October 2016
Preliminary investigation into the potential impact of a leverage ratio requirement on market liquidity
27 July 2016
EU Shadow Banking Monitor, July 2016
19 July 2016
Macroprudential policy beyond banking: an ESRB strategy paper
13 May 2016
A Review of Macroprudential Policy in the EU in 2015
4 January 2016
ESRB reports on residential and commercial real estate and financial stability in the EU
16 December 2015
ESRB report on systemic risks in the EU insurance sector, December 2015
25 June 2015
ESRB report: A review of macro-prudential policy in the EU one year after the introduction of the CRD/CRR
25 June 2015
ESRB report on misconduct risk in the banking sector
10 March 2015
ESRB report on the regulatory treatment of sovereign exposures, March 2015
3 March 2014
ESRB handbook on operationalising macro-prudential policy in the banking sector
3 March 2014
ESRB flagship report on macro-prudential policy in the banking sector