ECB - Financial Stability Review

The European Central Bank released their bi-annual Financial Stability Review on Monday, which highlighted four key risks and vulnerabilities for the financial system:

a further deterioration in the US and the euro area housing markets and the impact this may have on banks' loan quality and the value of securities backed by mortgage-related assets;

a deeper and more prolonged slowdown in both the global and the euro area economy than currently expected that could cause a sharper and broader

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