The Bundesbank published its annual Financial Stability Review on 25 November 2021. The review documents relevant developments as well as vulnerabilities in the German financial system and highlights risks to its stability.
Financial stability was not endangered during the Corona-pandemic and the financial system fulfilled its functions at any time. A decisively factor were the comprehensive governmental support measures to the real economy and private households.
Simultaneous, the vulnerabilities in the financial system raised further. Especially due to a continued expansive financial cycle and now in combination with an economic recovery.