European Systemic Risk Board

You have two more weeks to submit your paper!

You have two more weeks to submit your paper!

Submit your paper by Tuesday, 31 March!

How do links between banks and non-bank intermediaries – such as investment funds and insurance firms – affect financial stability? A new joint ECB-ESRB report analyses bank to shadow bank linkages and the vulnerabilities they can create link.europa.eu/8FGyNn

How can rising geopolitical risks and heightened uncertainty affect financial stability across Europe? A new joint ECB and ESRB report explores key transmission channels through which geopolitical shocks can spread to the financial system link.europa.eu/vGyGnQ

Are you researching systemic risks to financial stability? If you’d like the chance to win funding, apply for this year’s Ieke van den Burg prize! Submit your paper by Tuesday, 31 March. Find out more about how to apply on our website link.europa.eu/FgJWvJ

Are markets underestimating the impact of policy uncertainty on euro area growth? Despite buoyant equity prices and low market volatility, our analysis points to elevated downside risks and a potential macro-financial disconnect link.europa.eu/8QYC7g

ESRB Chair Christine @Lagarde spoke before the Committee on Economic and Monetary Affairs of the @Europarl_EN and answered questions from its members. Read her introductory statement link.europa.eu/VGXcKh

Live now: ESRB Chair Christine @Lagarde speaks before the Committee on Economic and Monetary Affairs of the @Europarl_EN and answers questions from its members. Follow here link.europa.eu/TKNGCB @EP_Economics

Tune in at 16:30 CET to watch ESRB Chair Christine @Lagarde speak before the Economic and Monetary Affairs Committee of the @Europarl_EN and answer questions from its members. Watch the live webcast link.europa.eu/TKNGCB @EP_Economics

At its meeting on 20 November, the General Board assessed the main risks to EU financial stability. Read the press release link.europa.eu/r39XN3

The ESRB has issued a recommendation on stablecoins. In an accompanying report, it also discusses crypto-asset investment products and multi-function groups operating in crypto-asset markets. Read the press release link.europa.eu/TwXHBW

Missed our annual conference? You can now watch recordings of the discussions by policymakers, central bankers and academics on our website. This year’s theme was “Broadening Horizons: The ESRB’s Next Decade of Impact” link.europa.eu/tnVnKt #9thESRBAnnualConference

At its meeting on 25 September, the General Board assessed the main risks to EU financial stability. Read the press release link.europa.eu/DfN4bc

Missed our annual conference? You can catch up on all the recorded sessions and watch short interviews featuring insights from some of our speakers on our website esrb.europa.eu/news/schedule/…

It has been an insightful day! Listen to the closing remarks by Francesco Mazzaferro, Head of the ESRB Secretariat. Thank you to our speakers and audience! Stay tuned for recordings on our website europa.eu/!tnVnKt #9thESRBAnnualConference

Watch our panel discussion on system-wide stress testing, chaired by Deputy Governor of @Riksbanken and Vice-Chair of the ESRB Advisory Technical Committee, Aino Bunge europa.eu/!tnVnKt #9thESRBAnnualConference

Professor @Yoshua_Bengio, Université de Montréal, speaks about the future of AI and considerations for systemic risks europa.eu/!tnVnKt #9thESRBAnnualConference

Congratulations to Arved Fenner, Philipp Klein and Carina Schlam, winners of the 2025 Ieke van den Burg prize! Watch the #9thESRBAnnualConference livestream as they present their award-winning research europa.eu/!tnVnKt

Watch our panel discussion on the EU financial system amidst new threats, chaired by ESRB First Vice-Chair and Governor of @SuomenPankki @OlliRehn europa.eu/!tnVnKt #9thESRBAnnualConference