Disclaimer & copyright
The European Central Bank (ECB) maintains this website for the European Systemic Risk Board (ESRB). The ESRB through its website intends to enhance public access to information about its activities. Our goal is to keep this information timely and accurate. However, the ESRB and the ECB accept no responsibility or liability whatsoever with regard to the material on this website.
- is information of a general nature and is not intended to address the specific circumstances of any particular individual or entity
- is sometimes linked to external websites over which the ESRB and the ECB have no control and for which the ESRB and the ECB assume no responsibility
- does not constitute professional or legal advice
While information published on this website are based on sources which the ESRB and the ECB consider to be reliable, the ESRB and the ECB accept no responsibility or liability for any losses incurred in connection with any decision made or action or inaction on the part of any party in reliance upon such publication. In particular, the ESRB and the ECB do not accept any responsibility or liability for any economic loss or any indirect or consequential loss or damage including, without limitation, loss of business and loss of profits, as a direct or indirect consequence of, or in connection with, the ESRB publishing the information, including the frequency of such publication or the use of the information by any person.
Please note that documents or other information available on this website are not guaranteed to exactly reproduce officially adopted texts. Only ESRB legal instruments as published in the Official Journal of the European Union and other ESRB documentation and/or data as published by the ESRB are deemed to be authentic.
It is our goal to minimise disruption caused by technical errors. However, the ECB cannot guarantee that its service will not be interrupted or otherwise affected by such problems. The ESRB and the ECB accept no responsibility with regard to any problems occurring as a result of using this website or any linked external websites.
This disclaimer is not intended to limit the ESRB’s and the ECB’s liability in contravention of any requirements laid down in applicable national law or to exclude their liability for matters which cannot be excluded under such law.
If you access any part of this website, you will be deemed to have accepted the foregoing.
Copyright © for the entire content of this website: European Systemic Risk Board, c/o European Central Bank, Frankfurt am Main, Germany.
Subject to the exception below, users of the ESRB's website may make free use of the information obtained directly from it subject to the following conditions:
- When such information is distributed or reproduced, it must appear accurately and the ESRB must be cited as the source.
- Where the information is incorporated in documents that are sold (regardless of the medium), the natural or legal person publishing the information must inform buyers, both before they pay any subscription or fee and each time they access the information taken from the ESRB's website, that the information may be obtained free of charge through the ESRB's website.
- If the information is transformed by the user (e.g. by seasonal adjustment of statistical data, calculation of growth rates) this must be stated explicitly.
- When linking to the ESRB's website from business sites or for promotional purposes, the ESRB's website must be the sole element of the browser's window (i.e. must not appear within another website's frame).
As an exception to the above, any reproduction, publication or reprint, in whole or in part, of documents that bear the name of their author(s), in the form of a different publication, whether printed or produced electronically is permitted only with the explicit prior written authorisation of the ESRB or the author(s).
Use of name and logos
The ESRB and the ECB wish to point out that they cannot be held responsible if the ESRB’s name, logo or address is misused in schemes that are intended to defraud the public. If a member of the public sees or receives questionable documentation that refers to, or allegedly stems from, the ESRB, they should report it immediately to their local law enforcement authority or seek advice from the relevant national members of the ESRB.