Adam

The General Board of the European Systemic Risk Board held its 42nd regular meeting on 24 June 2021

At its meeting on 24 June 2021, the General Board of the European Systemic Risk Board (ESRB) assessed the key systemic risks in the European Union (EU), as well as public policy priorities to address them. The General Board highlighted that the improved economic outlook has reduced the probability of severe scenarios and the risk of […]

A Unique European Bison Transport Just Arrived in the Southern Carpathians, Romania

The first bison relocation of its kind in Europe, with only male European bison, took place yesterday in the rewilding area of Romania known as Bison Hillock. The seven individuals arrived from Germany as part of the LIFE RE-Bison project and will contribute to the genetic diversity of the rewilded free-range bison population.

Systemic vulnerabilities in Money Market Funds

The 2020 financial market turmoil revealed that the regulatory reforms implemented after the global financial crisis did not address all sources of systemic risks in the money market fund sector. To this end, the European Systemic Risk Board (ESRB) publishes today an issues note on money market funds (MMFs), which sets out the ESRB’s analysis of systemic vulnerabilities […]

Joint ECB/ESRB report shows uneven impacts of climate change for the EU financial sector

Financial stability vulnerabilities from climate change concentrated in certain regions, sectors and firms, with evolution of risks conditional on effective and timely transition to low carbon economy Granular exposure mapping of climate hazards to financial risk reveals vulnerability to river flooding widespread across countries, compounded by wildfire, heat and water stress risk in some regions […]