Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport ESMA na temat tendencji, zagrożeń i słabości (2/2022)

ESMA document number: 50-165-2229

Publication date: 1 September 2022

TRV Risk Monitor

ESMA Report on Trends, Risks and Vulnerabilities No. 2, 2022

Executive summary

Risk summary and outlook: The Russian military aggression against Ukraine, its political and economic effects, and increased inflation profoundly affected the risk environment of EU financial markets. Recoveries in EU financial markets faltered, volatility increased and market corrections grew more likely. The overall risk to ESMA’s remit thus remains at its highest level. Contagion and operational risks are now considered very high, like liquidity and market risks. Credit risk stays high but is now expected to rise. Risks remain very high in securities markets and for asset management. Risks to infrastructures and to consumers both remain high, though now with a worsening outlook, while environmental risks remain elevated. Going forward, the confluence of risk sources continues to provide a highly fragile market environment,...