Article summary
The European Systemic Risk Board (ESRB) held its 47th regular meeting on 22 September 2022, where it issued a warning on vulnerabilities in the EU financial system. The ESRB concluded that risks to EU financial stability and the probability of tail-risk scenarios materialising have increased. The risks relate to the deterioration of the macroeconomic outlook; a (possible) sharp asset price correction; and the implications of such developments for asset quality.
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