ESRB assesses systemic risks to EU financial system

The general board of the European Systemic Risk Board (ESRB) on March 22 held its fifth regular meeting in which the key systemic risks to the EU financial system were discussed.

In a statement released today, the board said an "environment of uncertainty and fragility" persists in areas of the system. The key systemic risk according to the statement is the mutual negative feedback loops between three main risks, which are: the persistent uncertainties on sovereign debt; the pressures on bank fu