The following sections provide a more detailed description of the methodology for assessing the internal governance and risk management (IGRM) of significant institutions as part of the Supervisory Review and Evaluation Process (SREP).

This paper proposes a possible EU-level solution to address the widening gap in natural catastrophe insurance protection in Europe. Increased economic exposure and the growing frequency and severity of natural catastrophes linked to climate change have been driving up the cost of natural...

We build a balance sheet-based model to capture run risk, i.e., a reduced potential to raise capital from liquidity buffers under stress, driven by depositor scrutiny and further fuelled by fire sales in response to withdrawals. The setup is inspired by the Silicon Valley Bank (SVB) meltdown in...

In accordance with Article 3 of the Statute of the European System of Central Banks and of the European Central Bank, one of the tasks entrusted to the European System of Central Banks (ESCB) and the European Central Bank (ECB) is the holding and management of the official foreign reserves of...

This publication provides a new resource for those who would like to know how the Eurosystem designs and conducts the risk management of its monetary policy operations. Monetary policy operations often involve the collateralised provision of funds to eligible counterparties on a temporary basis...

This publication provides a new resource for those who would like to know how the Eurosystem designs and conducts the risk management of its monetary policy operations. Monetary policy operations often involve the collateralised provision of funds to eligible counterparties on a temporary basis...