May 2023

26 May 2023

External communication

ECB’s Annual Report 2022

On 5 May 2023 the Governing Council adopted the ECB’s Annual Report 2022, which was presented to the Committee on Economic and Monetary Affairs of the European Parliament and made available on the ECB’s website in all official languages of the European Union on 25 May 2023.

Macroprudential policy and financial stability

Financial Stability Review – May 2023

On 24 May 2023 the Governing Council held an exchange of views on euro area financial stability issues on the basis of the May 2023 edition of the Financial Stability Review and authorised its publication on the ECB’s website. In addition to providing an overview of key financial stability vulnerabilities in the euro area, this edition includes three special features. The first examines how the interaction between market liquidity and funding liquidity can amplify stress in the financial system. The second investigates the channels through which stress in…