Geopolitical tensions, soaring asset valuations and financial innovation have put the topic of financial stability back on the agenda. But today, people are talking about hedge funds, bond market functioning, private credit, valuations of AI companies and stablecoins. They rarely mention banks….
https://www.ecb.europa.eu/press/key/date/2025/html/ecb.sp251003_1~edb1443d00.en.html
