Annual Financial Stability Report

The primary aim of the Annual Financial Stability Report is to inform the public about the condition of the financial system, to highlight the risks in the system and to timely alert of the potential systemic risks. To this end, the Report elaborates on the key systemic risks stemming from the domestic and international environment, regulatory measures taken or to be taken in order to prevent, mitigate or eliminate these risks. The Report presents in aggregate terms the results of macroprudential stress tests for the banking sector, tendencies in the banking and non-banking sectors, developments in the domestic and international environment, and trends in different segments of the financial market. Numerous text boxes in the Report place special emphasis on the most topical issues relating to financial stability and macroprudential policy at global and national level.

Text boxes:

  • Text box 1: Role of financial stability in the ECB’s new monetary policy strategy
  • Text box 2: ECB macroprudential stress tests of the euro area banking system amid the coronavirus pandemic
  • Text box 3: Novelties in capital market development
  • Text box 4: Development of fintech and regulation of digital assets in the Republic of Serbia
  • Text box 5: Residential real estate valuation in 2021
  • Text box 6: Regulatory innovations relating to capital buffers introduced by CRD V
  • Text box 7: ECB climate risk stress test

Annual Financial Stability Report - Archive

Financial Stability Report - Archive until 2010

Reports until 2010