Wednesday 7 September 2016

Europe: risks and vulnerabilities in the financial system

The Joint Committee of the European Supervisory Authorities (European Banking Authority, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority) today published its second 2016 risk assessment report for the EU financial system: see here (pdf). An overview is available here. As well as noting the legal and political uncertainty caused by the UK referendum on EU membership, the report also notes the growing interconnectedness between the financial sector outside of the banking, insurance and pension fund industries with the wider financial system.

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