The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, published the second Trends, Risks and Vulnerabilities (TRV) Report of 2022. 

The Russian war on Ukraine against a backdrop of already-increasing inflation has profoundly impacted the risk environment of EU financial markets, with overall risks to ESMA’s remit remaining at its highest level.

ESMA – Trends, Risks and Vulnerabilities (TRV) Report of 2022, see it here.