English
Other languages23 +
Menu
  • Fifth ESRB annual conference
    EVENT
    Fifth ESRB annual conference

    Our annual conference will take place on 8 December to celebrate the tenth anniversary of the ESRB. Senior policymakers, central bankers and top academics will discuss the challenges that lie ahead for macroprudential policy. Check out the programme and follow the conference online.

Measures taken in response to coronavirus (COVID-19) pandemic
Reports on macroprudential stance
1 December 2021 PUBLICATION

Reports on macroprudential stance

We have published two reports on macroprudential stance, continuing the work begun in 2019. The reports explore how to assess a country’s macroprudential stance, and demonstrate complementary approaches for assessing, discussing and communicating on the topic.

ESRB Risk Dashboard
24 September 2021 Publication

ESRB Risk Dashboard

The ESRB Risk Dashboard is a set of quantitative and qualitative indicators of systemic risk in the EU financial system. The dashboard is published on a quarterly basis.

25 November 2021
Template 3 - Reporting templates under Recommendation B of Recommendation ESRB/2020/08
English
19 October 2021
Opinion of the European Systemic Risk Board of 19 October 2021 regarding the Swedish notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2021/8)
English
OTHER LANGUAGES (1) +
Select your language
SvenskaSV
Report
English
OTHER LANGUAGES (1) +
Select your language
SvenskaSV
16 July 2021
Opinion of the European Systemic Risk Board of 17 June 2021 regarding the Estonian notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2021/5)
English
OTHER LANGUAGES (1) +
Select your language
Eesti keelET
Report
English
OTHER LANGUAGES (1) +
Select your language
Eesti keelET
25 June 2021
Opinion of the European Systemic Risk Board of 25 May 2021 regarding the French notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2021/4)
English
OTHER LANGUAGES (1) +
Select your language
FrançaisFR
Report
English
OTHER LANGUAGES (1) +
Select your language
FrançaisFR
7 June 2021
Adverse scenario for the ESMA 2021 EU-wide central counterparty stress test
English
Letter to Ms Anneli Tuominen
English
7 May 2021
Adverse scenario for the EIOPA 2021 EU-wide insurance sector stress test
English
Letter to Mr Peter Braumueller
English
22 March 2021
Opinion of the European Systemic Risk Board of 18 February 2021 regarding the Belgian notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2021/1)
English
OTHER LANGUAGES (2) +
Select your language
FrançaisFR NederlandsNL
Report
English
OTHER LANGUAGES (2) +
Select your language
FrançaisFR NederlandsNL
29 January 2021
Macro-financial scenario for the 2021 EU-wide banking sector stress test
English
Letter to Mr José Manuel Campa
English
2021 EU-wide stress test - market risk shocks
English
29 January 2021
ESRB response to the European Commission consultation on the review of AIFMD
English
13 January 2021
Adverse scenario for the ESMA money market fund stress-testing guidelines in 2020

Details

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.

English
Letter to Mr Steven Maijoor
English
18 December 2020
Recommendation of the European Systemic Risk Board of 15 December 2020 amending Recommendation ESRB/2020/07 on restriction of distributions during the COVID-19 pandemic (ESRB/2020/15)
English
OTHER LANGUAGES (22) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Related
8 December 2020
Recommendation of the European Systemic Risk Board of 4 December 2020 regarding Norwegian notification of its intention to set a systemic risk buffer rate in accordance with Article 133 of Directive (EU) 2013/36/EU (ESRB/2020/14)
English
Report
English
30 November 2020
Recommendation of the European Systemic Risk Board of 24 September 2020 on identifying legal entities (ESRB/2020/12)
English
OTHER LANGUAGES (22) +
Select your language
БългарскиBG ČeštinaCS DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
17 November 2020
Opinion of the European Systemic Risk Board of 14 October 2020 regarding the Swedish notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2020/13)
English
OTHER LANGUAGES (1) +
Select your language
SvenskaSV
Report
English
OTHER LANGUAGES (1) +
Select your language
SvenskaSV
19 October 2020
Response letter to a consultation of the European Commission on the review of Solvency II
English
1 October 2020
Letter to European Commission and ESMA on procyclical impact of downgrades of corporate bonds on markets and entities across the financial system
English
References to external ratings or credit rating agencies in EU law
English
ESMA response letter
English
12 August 2020
ESRB Secretariat staff’s response to ESMA’s consultation paper on technical standards on reporting, data quality, data access and registration of trade repositories under EMIR Refit
English
14 July 2020
Opinion of the European Systemic Risk Board of 19 May 2020 regarding the French notification of an extension of the period of application of a stricter national measure ESRB/2020/5
English
OTHER LANGUAGES (1) +
Select your language
FrançaisFR
Report
English
OTHER LANGUAGES (1) +
Select your language
FrançaisFR
25 June 2020
ESRB opinion on ESMA report on Central Clearing Solutions for Pension Scheme Arrangements
English
25 June 2020
ESRB opinion on ESMA report on post trade risk reduction services with regards to the clearing obligation
English

All publications

7 June 2021
Notification by Central Bank of Cyprus on LTV
English
7 June 2021
Notification by National Committee for Macroprudential Oversight (NCMO) Romania on recalibration of SyRB
English
7 June 2021
Notification by Danish Financial Supervisory Authority (Finanstilsynet) on seven other systemically important institutions (O-SII)
English
29 March 2021
Notification by Bank of Slovenia on six other systemically important institutions (O-SIIs)
English
29 March 2021
Notification by Poland's Minister of Finance on Article 124 CRR
English
22 February 2021
Notification by Austrian Financial Market Authority on the systemic risk buffer (SyRB) rate for twelve institutions
English
22 February 2021
Notification by the Prudential Regulation Authority (United Kingdom) on the systemic risk buffer (SyRB)
English
22 February 2021
Notification by Czech National Bank on the systemic risk buffer (SyRB)
English
22 February 2021
Notification by Finansinspektionen (Sweden) on the systemic risk buffer (SyRB)
English
22 February 2021
Notification by De Nederlandsche Bank (Netherlands) on the systemic risk buffer (SyRB)
English
22 February 2021
Notification from Hrvatska Narodna Banka (Croatia) on the systemic risk buffer (SyRB)
English
22 February 2021
Notification by the Norwegian Ministry of Finance on the systemic risk buffer (SyRB)
English
22 February 2021
Notification by Haut Conseil de Stabilité Financière (France) on the DSTI ratio and maturity recommendation for housing loans
English
22 February 2021
Notification by the Norges Bank on the DTI and LTV ratios, stress test, loan amortisation and speed limits
English
22 February 2021
Notification by Comité du Risque Systémique (Luxembourg) on loan-to-value (LTV) ratio limits
English
22 February 2021
Notification by the Norwegian Ministry of Finance on Article 458 of the CRR (on residential real estate)
English
22 February 2021
Notification by the Norwegian Ministry of Finance on Article 458 of the CRR (on commercial real estate)
English
22 February 2021
Notification by Finansinspektionen (Sweden) on Article 458 of the CRR
English
22 February 2021
Notification by the Bank of Greece on four other systemically important institutions (O-SIIs)
English
22 February 2021
Notification by the CBM and the MFSA (Malta) on four other systemically important institutions (O-SIIs)
English
22 February 2021
Notification by the Austrian Financial Market Authority on nine other systemically important institutions (O-SIIs)
English
22 February 2021
Notification by the Prudential Regulation Authority (United Kingdom) on fifteen other systemically important institutions (O-SIIs)
English
22 February 2021
Notification by De Nederlandsche Bank (Netherlands) on one global systemically important institution (G-SII)
English
22 February 2021
Notification by Banca d'Italia on one global systemically important institution (G-SII)
English
22 February 2021
Notification by the Czech National Bank on six other systemically important institutions (O-SIIs)
English

All publications

Alberto Giovannini Programme for Data Science
8 November 2021 RESEARCH

Alberto Giovannini Programme for Data Science

We are looking for scientists, policy experts and researchers in data science to conduct high-level research and develop innovative analytical tools. If you want to get involved, send your proposal for the Alberto Giovannini Programme for Data Science by 28 February 2022.

2021 edition of the Ieke van den Burg Prize
Publication

2021 edition of the Ieke van den Burg Prize

The annual prize of the ESRB’s Advisory Scientific Committee highlights outstanding young scholars’ research on topics related to systemic risk. This year’s award ceremony and the presentation of the winning paper took place virtually on 1 October.