• Non-Bank Financial Intermediation Risk Monitor
    Research
    Non-Bank Financial Intermediation Risk Monitor

    The ESRB has published the fifth EU Non-Bank Financial Intermediation Risk Monitor, an overview of 2019 developments in the investment fund and other financial institutions sectors, highlighting risks to financial stability as well as the coronavirus-related market shock.

Measures taken in response to coronavirus (COVID-19) pandemic
2020 Edition of the Ieke van den Burg Prize
24 September 2020 EVENT

2020 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 at 15:00 CET.

ESRB risk dashboard
1 October 2020 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.

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
24 September 2020
Recommendation of the European Systemic Risk Board on identifying legal entities (ESRB/2020/12)
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
22 June 2020
Decision ESRB/2020/10 on the cancellation of certain reports on actions and measures taken pursuant to Recommendation ESRB/2014/1 and Recommendation ESRB/2015/2
English
Related
8 June 2020
ESRB letter to EIOPA on Liquidity risks in the insurance sector
English
8 June 2020
Recommendation of the European Systemic Risk Board on monitoring the financial stability implications of debt moratoria, and public guarantee schemes and other measures of a fiscal nature taken to protect the real economy in response to the COVID-19 pandemic (ESRB/2020/8)
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
Template 1 - Reporting templates under Recommendation B of Recommendation ESRB/2020/08 (PDF)
English
Template 2 - Reporting templates under Recommendation B of Recommendation ESRB/2020/08 (PDF)
English
Template 3 - Reporting templates under Recommendation B of Recommendation ESRB/2020/08 (PDF)
English
Compliance assessment template of Recommendation A and B ESRB/2020/08 (Word document)
English
8 June 2020
Recommendation of the European Systemic Risk Board on restriction of distributions during COVID-19 pandemic (ESRB/2020/7)
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
Compliance assessment template of Recommendation ESRB/2020/7 (Word document)
English
8 June 2020
Recommendation of the European Systemic Risk Board on liquidity risks arising from margin calls (ESRB/2020/6)
English
OTHER LANGUAGES (22) +
Select your language
ČeštinaCS БългарскиBG DanskDA DeutschDE EλληνικάEL EspañolES Eesti keelET SuomiFI FrançaisFR HrvatskiHR MagyarHU ItalianoIT LietuviųLT LatviešuLV MaltiMT NederlandsNL PolskiPL PortuguêsPT RomânăRO SlovenčinaSK SlovenščinaSL SvenskaSV
Compliance assessment template of Recommendation ESRB/2020/6 (Word document)
English
14 May 2020
ESRB letter to Governments on the financial stability impact of the national guarantee schemes and other fiscal measures
English
14 May 2020
Recommendation of the European Systemic Risk Board on liquidity risks in investment funds (ESRB/2020/4)
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
ESMA public statement on Recommendation ESRB/2020/4
English
8 April 2020
Opinion of the European Systemic Risk Board of 26 February 2020 regarding Belgian notification of an extension of the period of application of a stricter national measure based on Article 458 of the CRR (ESRB/2020/2)
English
OTHER LANGUAGES (2) +
Select your language
FrançaisFR NederlandsNL
Report
English
OTHER LANGUAGES (2) +
Select your language
FrançaisFR NederlandsNL
11 March 2020
Opinion of the European Systemic Risk Board of 6 February 2020 regarding Dutch notification of a stricter national measure based on Article 458 of the CRR (ESRB/2020/1)
English
OTHER LANGUAGES (1) +
Select your language
NederlandsNL
Report
English
OTHER LANGUAGES (1) +
Select your language
NederlandsNL
5 February 2020
Letter from the ESRB to the European Commission on shortcomings of the AIFMD framework
English
31 January 2020
Adverse scenario for the EBA 2020 EU-wide banking sector stress test

Details

The ESRB has today published the adverse scenario for the EU-wide banking sector stress test to be carried out by the EBA in 2020. This scenario, which has been approved by the General Board of the ESRB, highlights adverse conditions that are relevant to this sector. This information has also been published by the EBA as part of its communication on the 2020 EU-wide banking sector stress test.

English
Letter to Mr José Manuel Campa
English
17 January 2020
ESRB response to the EIOPA Consultation Paper on the 2020 review of Solvency II
English
13 December 2019
Recommendation of the European Systemic Risk Board of 26 September 2019 on exchange and collection of information for macroprudential purposes on branches of credit institutions having their head in another Member State or in a third country (ESRB/2019/18)
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
Corrigenda of Recommendation ESRB/2019/18
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

All publications

22 October 2020
Notification by Norges Bank (central bank of Norway) on amendments of requirements for new residential mortgage loans [02 April 2020]
English
Notification by Norges Bank (central bank of Norway) on an extension of the measure regarding altered requirements for new residential mortgage loans [01 July 2020]
English
19 October 2020
Notification by Bank of Slovenia on the debt-service-to-income (DSTI) ratio limit
English
19 October 2020
Notification by Magyar Nemzeti Bank (Central Bank of Hungary) on amendments of the FFAR, FECR and IFR regulations
English
19 October 2020
Notification by the Finnish Financial Supervisory Authority (FIN-FSA) on the loan-to-value (LTV) ratio limit
English
19 October 2020
Notification by the Financial Market Authority of Liechtenstein on three other systemically important institutions (O-SIIs)
English
19 October 2020
Notification by the Central Bank of Cyprus (CBC) on five other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Národná banka Slovenska (Slovakia Central Bank) on five other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Bank of Lithuania on three other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Financial Market Authority Liechtenstein (FMA) on three other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Seðlabanki Íslands (Central Bank of Iceland) on three other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Magyar Nemzeti Bank (Hungary Central Bank) on eight other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Finnish Financial Supervisory Authority, (FIN-FSA) on three other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Danish Financial Supervisory Authority on seven other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Central Bank of Cyprus (CBC) on six other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by the Banco de Portugal on six other systemically important institutions (O-SIIs)
English
27 August 2020
Notification by De Nederlandsche Bank N.V. on five other systemically important institutions (O-SIIs)
English
14 July 2020
Notification by the French Haut Conseil de stabilité financière (HCSF) on a stricter measure based on Article 458 of the CRR
English
8 April 2020
Notification by National Bank of Belgium on a stricter measure based on Article 458 of the CRR
English
11 March 2020
Notification by De Nederlandsche Bank on a stricter measure based on Article 458 of the CRR
English
14 February 2020
Notification by Národná banka Slovenska (National Bank of Slovakia) on tightening the limit on DSTI
English
14 February 2020
Notification by Bank of Slovenia on macroprudential restrictions on household lending
English
14 February 2020
Notification by Banco de Portugal (Bank of Portugal) on amendment to the macroprudential Recommendation on new credit agreements for consumers
English
14 February 2020
Notification by the Financial Market Authority of Liechtenstein on systemic risk buffer
English
14 February 2020
Notification by Bank of Slovenia on seven other systematically important institutions (O-SIIs)
English
14 February 2020
Notification by Finansinspektionen of Sweden (Bank of Sweden) on four other systemically important institutions (O-SIIs)
English

All publications

Interactive map on countercyclical capital buffers
NATIONAL POLICY

Interactive map on countercyclical capital buffers

The countercyclical capital buffer (CCyB) is a macroprudential instrument that aims to counter pro-cyclicality in the financial system. The interactive map shows the CCyB rates currently applicable in Europe and is continuously updated.

Macroprudential policy measures in Europe
PUBLICATION

Macroprudential policy measures in Europe

The ESRB has updated its overview of national measures of macroprudential interest in the EU and the European Economic Area. The overview covers capital buffers, reciprocation measures and various other measures. It was last updated on 16 October 2020.