On 21 November 2022, 03:00 PM - 04:00 PM (CEST), the SAFE Policy Center and the Centre for Economic Policy Research (CEPR), within the Research Policy Network (RPN) European Financial Architecture, organised a web seminar online on:
Presentation of the November 2022 : ECB Financial Stability Review
Speakers: Tamarah Shakir, Daniel Dieckelmann & Manuela Storz (all ECB).
Moderator: Jan-Pieter Krahnen (Leibniz Institute SAFE and CEPR)
The November 2022 issue of the ECB Financial Stability Review (FSR) has been published on the 16th of November. Since the previous issue of the FSR euro area financial stability conditions have deteriorated against a background of rising inflation, higher rates and weaker growth prospects. Driven by soaring energy and food prices inflationary pressures have continued to rise both globally and in the euro area. This has prompted a normalisation of monetary policy stances by major central banks, contributing to tighter global financial conditions and increased financial market volatility. With these developments in mind, the November FSR assesses financial stability vulnerabilities and their implications for financial markets, debt sustainability, bank resilience, the non-bank financial sector and macroprudential policies.