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Date Ref. Title Section Type Download Info Summary Related Documents Translated versions
20/09/2013 2013/1138 Trends, Risks, Vulnerabilities No. 2, 2013 Final Report PDF
2.92 MB
20/09/2013 2013/1139 ESMA Risk Dashboard No.3, 2013 Final Report PDF
891.55 KB
15/11/2013 2013/1454 ESMA Risk Dashboard No.4, 2013 Final Report PDF
1.12 MB
The European Securities and Markets Authority (ESMA) is publishing its Risk Dashboard No.4 for 2013. The Risk Dashboard provides a snapshot of risk issues in the third quarter of 2013 and covers the following areas: Economic environment and securities markets conditions; Liquidity Risk; Market Risk; Contagion Risk; and Credit Risk.
14/02/2013 2013/212 Trends, Risks and Vulnerabilities report Final Report PDF
2.03 MB
14/02/2013 2013/213 ESMA Risk Dashboard No.1, 2013 Final Report PDF
717.92 KB
03/07/2013 2013/326 Retailisation in the EU Final Report PDF
976.31 KB
06/06/2013 2013/658 Final Report- ESMA-EBA Principles for Benchmark-Setting Processes in the EU Final Report PDF
620.19 KB
10/06/2013 2013/712 ESMA Risk Dashboard No.2, 2013 Final Report PDF
806.84 KB
14/11/2014 2014/1341 ESMA Risk Dashboard No. 4, 2014 Final Report PDF
766.77 KB
The European Securities and Markets Authority (ESMA) has today published its Risk dashboard for the third quarter of 2014. ESMA’s Risk Dashboard assess the risks associated to European financial markets looking into liquidity, market, contagion and credit risks. The Dashboard finds that in 3Q14 EU systemic stress indicators increased, after experiencing a calm 2Q14. Contagion risk augmented and liquidity and market risk remained on high levels, with potential for further increases ahead. Credit risk receded though remaining at a high level. Overall, market sentiment continued to be at odds with sluggish economic fundamentals and guarded expectations. An environment of ultra-low interest rates supported markets and preserved the current hunt-for-yield behaviour of investors. However, markets recognised resulting new balance sheet risks, as risk spreads increased, equity valuation moderated and expectations for future short-term interest rates fanned out. Due to these offsetting forces liquidity risk and market risk remained stable, preserving the risk of critical market corrections for the future. The systemic impact of such corrections could be exacerbated by liquidity bottlenecks, such as might arise from structural factors such as thin dealer markets or rising collateral requirements.
12/03/2014 2014/188 Trends, Risks, Vulnerabilities No. 1, 2014 Final Report PDF
2.33 MB
12/03/2014 2014/197 ESMA Risk Dashboard No.1, 2014 Final Report PDF
743.09 KB
16/05/2014 2014/536 ESMA Risk Dashboard No.2, 2014 Final Report PDF
782.65 KB
03/09/2014 2014/883 ESMA Risk Dashboard No. 3, 2014 Final Report PDF
763.54 KB
03/09/2014 2014/884 Report on Trends Risks Vulnerabilities No. 2, 2014 Final Report PDF
2.5 MB
14/09/2015 2015/1290 Report on Trends, Risks and Vulnerabilities No.2, 2015 Final Report PDF
2.88 MB
11/03/2015 2015/526 Report on Trends, Risks and Vulnerabilities No 1 2015 Final Report PDF
2.59 MB
11/03/2015 2015/527 ESMA Risk Dashboard No 1 2015 Final Report PDF
798.36 KB
22/12/2015 2015/WP/2015/2 Working Paper No.2, 2015 “Monitoring systemic risk in the hedge fund sector” Final Report PDF
872.37 KB

The working paper proposes new measures for systemic risk in the hedge fund sector. These measures are based on the ability of hedge funds to influence (be influenced by) the performance trend of the entire hedge fund sector. The proposed measures display a high ability to identify periods of financial distress, are robust to modifications in the underlying econometric model and deliver an innovation in the monitoring of systemic risks in the fund industry.

30/08/2016 2016/1234 Report on Trends, Risks and Vulnerabilities No.2, 2016 Final Report PDF
3.07 MB
30/09/2016 2016/1420 Financial Technology: The Regulatory Tipping Points , Speech PDF
273.28 KB