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EU Systemic Risk Guardians Warn of Mounting Stability Threats

June 30, 2022, 1:29 PM

Risks to financial stability within the European Union have increased noticeably, with widespread slumps in asset prices a key threat, according to the bloc’s panel of central bankers and regulators monitoring the dangers.

The European Systemic Risk Board -- a committee chaired by European Central Bank President Christine Lagarde -- issued its warning on Thursday after a quarterly meeting last week.

The gathering followed a period of such market volatility that she and colleagues were forced to pledge the development of a new anti-crisis tool.

This is what they said on overall threats:

“Risks to financial stability have increased perceptibly ...