2022-09-22

Added 2026-07-13 · Updated 2026-09-22

Warning of the European Systemic Risk Board on vulnerabilities in the Union financial system

The European Systemic Risk Board identifies severe systemic risks to financial stability, including balance sheet stress for non-financial corporations and households, sharp asset price falls, and deteriorating credit quality for banks. The document urges credit institutions to adjust capital projections and provisioning practices to account for expected and unexpected losses under adverse macroeconomic scenarios. It calls on national authorities to preserve or build up macroprudential buffers and utilize supervisory powers to mitigate risks where macroprudential tools are unavailable. Additionally, it requires non-bank financial institutions and market participants to strengthen risk management practices to address liquidity strains and cyber risks.

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EUR-Lex - 32022Y1107(01) - EN

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Issued under: Regulation (EU) No 1092/2010 of the European Parliament and of the Council of 24 November 2010 on European Union macro-prudential oversight of the financial system and establishing a European Systemic Risk Board2010
Refers to: Recommendation of the European Systemic Risk Board on liquidity and leverage risks in investment funds2017 Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (recast) Text with EEA relevance2014 Council Regulation (EU) No 1024/2013 of 15 October 2013 conferring specific tasks on the European Central Bank concerning policies relating to the prudential supervision of credit institutions2013 Directive 2013/36/EU of the European Parliament and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms, amending Directive 2002/87/EC and repealing Directives 2006/48/EC and 2006/49/EC Text with EEA relevance2013 Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012 Text with EEA relevance2013 Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories Text with EEA relevance2012
+4 more
Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Banking Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/78/EC2010 Regulation (EU) No 1094/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Insurance and Occupational Pensions Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/79/EC2010 Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority), amending Decision No 716/2009/EC and repealing Commission Decision 2009/77/EC2010 Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II) (recast) (Text with EEA relevance)2009
Referred to by: Recommendation of the European Systemic Risk Board on vulnerabilities in the commercial real estate sector in the European Economic Area2022

Source: European Systemic Risk Board — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works