The Leibniz Institute for Financial Research SAFE is organizing a digital event on Friday, May 28, at 10:30 CEST, where the European Central Bank (ECB) representatives John Fell and Tamarah Shakir will present the monetary authority's latest Financial Stability Review (FSR). The Deputy Director General Macroprudential Policy and Financial Stability and the Deputy Head Of Division at the Systemic Risk and Financial Institutions Division at the ECB will address in their presentation different consequences of the Corona pandemic within the euro zone, the impact of the current crisis on corporate balance sheets, bank profitability at high credit risk, and increasing credit risk of non-banks.
In addition to John Fell and Tamarah Shakir's presentation on the latest findings of the ECB’s FSR, the SAFE Policy Web Seminar will feature a discussion following the presentation of the results. Loriana Pelizzon, director of SAFE's Financial Markets Research Department, will moderate the event. The SAFE Policy Web Seminar is part of the SAFE Policy Lecture Series, which aims to promote debates on relevant policy issues.
The ECB issues its FSR twice a year focusing on financial stability risks across all sectors of the economy. The current issue, dated May 2021, looks beyond the Corona pandemic and also addresses climate change as well as the risks that climate change poses to financial stability in the euro area. The review also looks at the ECB's framework for monitoring and assessing climate-related risks to financial markets, banks and non-banks.