Financial Stability Review
The Financial Stability Review contains the Bundesbank’s analyses and evaluations of the stability of Germany’s financial system. It gives an account of the principal risks arising from the international environment and the risk situation of the German financial system. It also provides detailed analyses of the risk situation both in the German banking sector and also elsewhere in the financial system, such as in the insurance and investment fund sector. Furthermore, some of the Bundesbank’s Financial Stability Reviews contain special chapters dedicated to current financial stability issues. The Deutsche Bundesbank presented its Financial Stability Review as a standalone publication for the first time in November 2005 after publishing the two previous reviews in December 2003 and October 2004 as part of its Monthly Report.
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Financial Stability Review 2020
13.10.2020 DE
In the first half of 2020, the global coronavirus pandemic led to the most severe economic slump in Germany in decades. Governments and central banks around the world have taken extensive measures to stabilise the economy as well as labour and financial markets.
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Financial Stability Review 2019
21.11.2019 DE
The German financial system remains vulnerable to adverse economic developments. Future credit risk could be underestimated and the recoverability of loan collateral such as real estate overestimated.
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Financial Stability Review 2018
14.11.2018 DE
Times of strong growth and low interest rates have seen vulnerabilities build up in the German financial system. In addition, the probability of an economic downturn has increased.
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Financial Stability Review 2017
29.11.2017 DE
Given the upbeat prospects for the economy as a whole, there is little risk to the stability of the German financial system at present. Yet with interest rates sitting at low levels for years now and the economy in such robust shape, there is a danger that market participants might underestimate the risks to financial stability, the Bundesbank cautions.
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Financial Stability Review 2016
16.11.2016 DE
Given its public mandate to safeguard monetary stability, the Bundesbank has an inherent interest in ensuring a stable financial system. As an integral part of the European System of Central Banks, it also has an explicit mandate to contribute to financial stability.
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Financial Stability Review 2014
The main topics in this year's edition are risks to the stability of the German banking and financial system in the current low-interest-rate environment, developments in the German real estate market and the importance of the banking union for a stable financial system.
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Financial Stability Review 2013
Low interest rates and an ample supply of central bank liquidity have helped to ease the tensions on the international financial markets. So far this year, the German financial system has also benefited from this situation. However, the Bundesbank believes that these exceptional financial conditions present risks to financial stability the longer they prevail.
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Financial Stability Review 2012
The European sovereign debt crisis remains the greatest threat to financial stability in Germany. The Bundesbank considers that a substantial worsening of the situation would have a significant adverse impact on German banks and insurers. In addition, low interest rates, high liquidity and potential exaggerations in the German real estate market could pose a future threat to financial stability.