Europe faces ‘severe risks’ to financial system, regulators warn

Financial Times LogoFinancial Times2 mo ago

Europe faces ‘severe risks’ to financial system, regulators warn - Financial Times

Quick Summary:

The ESRB warned the probability of “tail-risk scenarios” had risen since the start of the year, pointing out that house prices had been increasing at rapid rates for years and overall debt levels in Europe had surged by almost a fifth since early 2020 to €27.5tn.

The ESRB’s warning was agreed on September 22, several days before the new UK government’s unorthodox fiscal plans caused turmoil in financial markets and forced the Bank of England to intervene by buying bonds.

Europe’s financial system has come through the pandemic relatively unscathed, but that was in large part due to significant support for households and businesses from governments and central banks.

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Article Details

Author / Journalist: Martin Arnold

Category: MarketsFinanceInvesting



Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 16:21:34 (2 months ago)

News Timezone: GMT -5:00

Ranking: #330 (out of 3371 stories this day)

News Source URL:

Language: English

Article Length: 592 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 622909

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website:

Update Frequency: 18 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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