The ESRB has published a new note on the financial stability implications of the fiscal support measures taken during the coronavirus crisis. It presents the effects of these fiscal measures on the real economy and the financial system.
The ESRB has published the sixth EU Non-Bank Financial Intermediation Risk Monitor. The report presents an overview of developments in the investment fund and “other financial institutions” sectors and highlights risks to financial stability.
The ESRB has today published the adverse scenario as input into ESMA’s updated stress testing guidelines for managers of money market funds under Article 28 of the MMF Regulation. The scenario, which was approved by the General Board of the ESRB during its meeting on 24 September 2020 highlights adverse conditions that are relevant to this sector.
The General Board of the European Systemic Risk Board held its 42nd regular meeting on 24 June 2021. On the agenda were the primary risks to financial stability in the EU, which are also highlighted in the ESRB Annual Report.