ESAs warn of risks resulting from a fragile economic outlook

The ESAs warn national supervisors of the financial stability risks stemming from the heightened uncertainty, and call for vigilance from all financial market participants.

Metadata
Provider: 
EBAEBA
URL: 
https://www.eba.europa.eu/esas-warn-risks-resulting-fragile-economic-outlookhttps://www.eba.europa.eu/esas-warn-risks-resulting-fragile-economic-outlook
Retrieved on: 
Wednesday, September 27, 2023
Information
Tags: 
Policy, ESMA, EBA, Joint committee, Report, News, EIOPA, Income, Cryptocurrency, EU
Geotags: 
UKRAINE
Summary
Key Points: 
  • The ESAs warn national supervisors of the financial stability risks stemming from the heightened uncertainty, and call for vigilance from all financial market participants.
  • Nonetheless, the European economy continues to experience a period of heightened uncertainty which presents material financial stability risks that necessitate vigilance from all financial market participants.
  • The economic outlook remains fragile, not least amid persistently elevated geopolitical risks, high inflation, and an uncertain macro-financial outlook.
  • This resulted in increased net interest income for banks, reduced profitability for insurers and liquidity risks for the asset management sector.
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