ESRB recommends establishing a systemic cyber incident coordination framework

The European Systemic Risk Board (ESRB) has today published a Recommendation for the establishment of a pan-European systemic cyber incident coordination framework (EU-SCICF). The financial sector relies on resilient information and communications technology systems and is highly dependent on the confidentiality, integrity and availability of the data and systems it uses. Major cyber incidents have the potential to […]

Euro area economic and financial developments by institutional sector: third quarter of 2021

Euro area net saving increased to €776 billion in four quarters to third quarter of 2021, compared with €714 billion one quarter earlier Household debt-to-income ratio grew to 97.0% in third quarter of 2021 from 95.4% one year earlier Non-financial corporations’ debt-to-GDP ratio (consolidated measure) decreased to 79.8% in third quarter of 2021 from 81.9% one year earlier