Dear colleagues You may be interested in the attached webinar. Please feel free to forward to colleagues. Participation is free. For registration, please use this link<https://www.suerf.org/webinars/2659/key-takeaways-from-the-ecbs-new-financial-stability-review>. Kind regards Ernest Gnan Prof Dr Ernest Gnan Secretary General, SUERF – The European Money and Finance Forum www.suerf.org<http://www.suerf.org/> Counsel to the Board and Head, Economic Analysis Division Oesterreichische Nationalbank PO box 61, 1011 Vienna, Austria ernest.gnan@oenb.at<mailto:ernest.gnan@oenb.at> +43 1 40420 7400 [cid:image002.png@01D7CFD9.8FA24BF0] Invitation: “Key takeaways from the ECB’s new Financial Stability Review"<https://www.suerf.org/webinars/2659/key-takeaways-from-the-ecbs-new-financial-stability-review> 25 May 2022 • 14:30-15:45 CET www.suerf.org<http://www.suerf.org/> Dear SUERF Member, We are delighted to invite you to join us on Wednesday, 25 May 2022, for a SUERF-BAFFI Bocconi e-lecture: “Key takeaways from the ECB’s new Financial Stability Review”<https://www.suerf.org/webinars/2659/key-takeaways-from-the-ecbs-new-financial-stability-review> with John Fell and Tamarah Shakir, ECB; Stefan Avdjiev, BIS; Patrick Darlap, FMA; and Ranjit Singh, IMF. The e-lecture will be moderated by Ernest Gnan, OeNB I SUERF. Motivation Energy and commodity price shocks, amplified by the Russian invasion of Ukraine, have weakened the post-pandemic economic recovery both in the euro area and globally. Euro area sovereigns, corporates and households, after just having weathered the challenges from the pandemic, are facing new pressures that could test debt sustainability for the more highly indebted groups. While banks have shown striking resilience to the pandemic shock, the probability of credit and interest rate risks materializing has increased. Market functioning has been largely orderly during recent volatility – what are the risks of further corrections? Non-banks, while having been effectively shielded from the pandemic, are now exposed to duration, credit, and liquidity risks – what might the global normalization of monetary policies amid an economic slowdown imply? These are among the topics addressed in this e-lecture where the ECB is going to present its latest Financial Stability Review. Participants are encouraged to actively engage in the discussion, ask questions and bring in their own views. The Financial Stability Review<https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html> provides an overview of potential risks to financial stability in the euro area. It aims to promote awareness in the financial industry and among the public of euro area financial stability issues. It is published twice a year, with the next release date set to 25 May 2022. Speakers [cid:image001.png@01D86479.CF3FE080] [cid:image003.png@01D86479.CF3FE080] [cid:image006.png@01D86479.CF3FE080] [cid:image008.png@01D86479.CF3FE080] [cid:image007.png@01D86479.CF3FE080] [cid:image009.png@01D86479.CF3FE080] Ernest Gnan Head, Monetary Policy Section, OeNB SUERF Secretary General John Fell Deputy Director General, Macroprudential Policy and Financial Stability, ECB Tamarah Shakir Deputy Head, Systemic Risks and Financial Institutions Division, ECB Stefan Avdjiev Adviser, Financial Stability, Monetary and Economic Department, BIS Patrick Darlap Head of Division, Integrated Financial Markets, Austrian Financial Market Authority (FMA) Ranjit Singh Assistant Director, Global Financial Stability, IMF ________________________________ Date: Wednesday, 25 May 2022 Time: 14:30-15:45 CET Register here<https://www.suerf.org/webinars/2659/key-takeaways-from-the-ecbs-new-financial-stability-review#register> Feel free to share this invitation with colleagues who might be interested to attend! ________________________________ We look forward to your participation! ________________________________ Upcoming Event 35th SUERF Colloquium and 49th OeNB Economic Conference: “The Return of Inflation”<https://www.suerf.org/registration/8949/colloquium2022> Monday, 23 May 2022: 13:30-17:45 CET | Tuesday, 24 May 2022: 09:00-17:15 CET ________________________________ SUERF - The European Money and Finance Forum c/o OeNB, Otto-Wagner-Platz 3, A-1090 Vienna<https://maps.google.com/?q=Otto-Wagner-Platz+3,+A-1090+Vienna&entry=gmail&source=g> Tel: +43 1 40420 7216<tel:+431404207216> - E-mail: suerf@oenb.at<mailto:suerf@oenb.at>. Disclaimer: You are receiving this e-mail, because you are a Member of SUERF. Privacy Policy<https://www.suerf.org/privacy-policy> I Terms and Conditions<https://www.suerf.org/terms-and-conditions>. [Suerf On Twitter] <https://twitter.com/suerf_org> [Suerf On LinkedIn] <https://www.linkedin.com/company/suerf---the-european-money-&-finance-forum> Der Euro hat für uns alle viele Vorteile. Alle Infos zu 20 Jahre Euro-Bargeld unter: http://www.euroat20.at Diese E-Mail kann vertrauliche Informationen enthalten und irrtümlich an Sie gelangt sein. In diesem Fall informieren Sie bitte sofort die Absenderin bzw. den Absender und vernichten Sie diese E-Mail. Das unerlaubte Kopieren sowie die unbefugte Weitergabe dieser Mail oder von Teilen dieser Mail sind nicht gestattet. Informationen gemäß DSGVO zur Verarbeitung personenbezogener Daten durch die OeNB finden Sie unter www.oenb.at/datenschutz<https://www.oenb.at/datenschutz>.