Risks News

• A new European Central Bank (ECB) report reveals that the euro's international use has seen a moderate increase, reaching approximately 20% in 2025. • The currency has achieved record levels of euro-denominated debt issuance and maintains a leading position within the global green bond market. • Despite these gains, the ECB warns of growing risks regarding monetary system fragmentation and an increase in gold hoarding by central banks.

• The European Central Bank's (ECB) May 2026 Financial Stability Review warns that conflict in the Middle East has caused a significant energy supply shock. • This geopolitical instability is driving up inflation risks and threatening overall economic growth across the region. • The report highlights increased vulnerabilities within non-bank financial institutions and sovereign debt markets due to prolonged fiscal challenges.