ECB Financial Stability Review: Brexit not the main concern for EZ financial stability
|The ECB's latest Financial Stability Review (FSR), released on Wednesday, revealed that Brexit was not the main concern for Euro-zone's financial stability.
Key points:
• The risk of a rapid re-pricing in global fixed income markets is significant
• Vulnerabilities remain for Euro-area banks from low rates, high npls and weak profitability
• The increasing size of the EZ investment fund sector has the potential to amplify financial stability risks
• Most measures of EZ systemic stress remained at low levels over the past 6 months
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