European Banking Authority Report issued May 5, 2015 – completed March 2015 – Joint Committee Report on the Risks and Vulnerabilities in the EU Financial System

“Since the August 2014 Joint Committee Report on Risk and Vulnerabilities the risks facing the EU financial system did not substantially change in character, but intensified further. The same key risks continued to aggravate the challenge to the stability of the European financial system:

• Low growth, deflationary tendencies, volatile asset prices and their consequences for financial entities;
• Search for yield behaviour risks exacerbated by already materializing and potential snapbacks;
• Risks from deteriorating conduct of business of financial institutions;
• Increased concern about IT risks and cyber-attacks…”