The SAFE Policy Center and the Centre for Economic Policy Research (CEPR) organize and cordially invite you to attend a web seminar on
Presentation and Discussion of the May 2022 ECB Financial Stability Review
John Fell, Deputy Director for General Macroprudential Policy & Financial Stability,
European Central Bank
Moderator of the Q&A: Loriana Pelizzon,
Leibniz Institute for Financial Research SAFE, Goethe University and CEPR
held on 14 June 2022, 3:30 p.m. - 4:30 p.m. CEST, via Zoom
Presentation and video
The May 2022 issue of the ECB Financial Stability Review (FSR) has been published on the 25th of May. This issue of the FSR has been prepared against the backdrop of the devastating invasion of Ukraine. The war and the associated uncertainty have prompted some repricing in global financial markets – albeit thus far with much less dislocations than seen in March 2020 – and dampened the confidence of firms and consumers that are only just emerging from the tight restrictions imposed during the coronavirus pandemic. This implies additional challenges for indebted firms at a moment when some countries’ fiscal space is limited. With these developments in mind, this FSR assesses financial stability vulnerabilities and their implications for financial markets, debt sustainability, bank resilience, the non-bank financial sector and macroprudential policies.
The policy web seminar is a part of the SAFE-CEPR joint seminar series aiming at fostering debates on policy-relevant issues.