Bold emphasis is mine:
https://www.ecb.europa.eu/press/financial-stability-publications/fsr/focus/2025/html/ecb.fsrbox202505_02~7f616fcd3f.en.html
You don't say?
The BIS is calling for papers for an upcoming conference to be hosted jointly with the BoE, ECB and IMF in Basel, Switzerland:
https://www.bis.org/events/240429_cfp_bis_boe_ecb_imf_conference.pdf
Anyone feel like submitting a paper? :snidely: Tell us the topic you choose and the headline...