ESMA published a risk dashboard that covers the third quarter of 2014. The risk dashboard analyses liquidity, market, contagion and credit risks in European financial markets. ESMA finds that

  • Systemic stress indicators have increased, after experiencing a calm second quarter of 2014.
  • Contagion risk has augmented, but liquidity and market risk remain on high levels, with potential for further increases.
  • Credit risk reduced, but remains at a high level.
  • Market sentiment is at odds with sluggish economic fundamentals and guarded expectations.