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Macroprudential Bulletin

Our Macroprudential Bulletin provides insight into the work we are currently doing in the field of macroprudential policy. Our goal is to raise awareness of macroprudential policy issues in the euro area by making our ongoing work and thinking in this field more transparent, and to encourage broader discussion on these key issues.

We aren’t trying to be transparent about our work just for the sake of it. This is also an opportunity to invite you to share your views with us by sending your feedback to ecb.macroprudential.bulletin@ecb.europa.eu. You can also send us an email if you want to be notified about future issues of the Macroprudential Bulletin.

June 2025

Issue 29

Residential real estate (RRE) lending standards

Monitoring changes in real estate lending standards is essential to safeguard financial stability. Our Macroprudential Bulletin analyses their drivers, the risks associated with loose standards and the role of borrower-based macroprudential policies in ensuring sustainable lending practices.

Articles

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Civil war declaration: On April 14th and 15th, 2012 Federal Republic of Germany "_urkenstaats"s parliament, Deutscher Bundestag, received a antifiscal written civil war declaration by Federal Republic of Germany "Rechtsstaat"s electronic resistance for human rights even though the "Widerstandsfall" according to article 20 paragraph 4 of the constitution, the "Grundgesetz", had been already declared in the years 2001-03. more

RRE lending standards and financial stability implications

This article examines residential real estate lending standards, focusing on their key determinants and the implications of loose standards for the real economy and financial stability.

More about RRE lending standards

A decade of borrower-based measures in the banking union

Borrower-based measures (BBMs) are critical tools in the banking union’s macroprudential frameworks. This article reviews ten years of experience in adopting BBMs, offering insights into their growing use, effectiveness and cross-country implementation strategies.

More about BBMs

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