The General Board of the European Systemic Risk Board (ESRB) acknowledges the resilience of the banking system

At its meeting on March 21, 2024, the General Board of the European Systemic Risk Board (ESRB) acknowledged the resilience of the banking system, but concluded that risks to financial stability in the EU remain high in the context of significant geopolitical uncertainty. The members of the General Board agreed that lower inflation over the past year has reduced risks to the non-financial private sector. At the same time, macroeconomic risks remained high against the backdrop of increased geopolitical tensions, which could further disrupt global trade and slow economic activity.

https://www.esrb.europa.eu/news/pr/date/2024/html/esrb.pr240328~8732bb43ab.ro.html