Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport ESMA na temat tendencji, zagrożeń i słabości (1/2022)

ESMA document number: 50-165-2058

Publication date: 15 February 2022

TRV Risk Monitor

ESMA Report on Trends, Risks and Vulnerabilities No. 1, 2022

Executive summary

Risk summary: The recovery of EU financial markets has slowed down, as the resurgence of the pandemic around the end of 2021 led market participants to revisit their growth and market expectations. We maintain our assessment of very high market and liquidity risks; high credit, contagion and operational risks; and elevated environmental risks. Going forward, we continue to see high risks to institutional and retail investors of further – possibly significant – market corrections. There is scope for a reduction in risk levels if past improvements in the economic environment and the relatively low volatilities in the market prove to be resilient. This resilience will critically depend, in particular, on the ability of markets to deal with geopolitical tensions building up in eastern Europe and to withstand a reduction in public...