# Financial Stability Review, May 2021

> The ECB's May 2021 Financial Stability Review warns that the pandemic leaves a legacy of higher debt and weaker corporate balance sheets that could prompt sharp market corrections. It says financial stability risks remain elevated and unevenly distributed, with euro area banks facing profitability headwinds.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: report · region Europe · magnitude low
- Page: https://feedsoft.ai/events/47299-financial-stability-review-may-2021
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Financial stress and market corrections can drive capital flight and dollar strength, which tends to weigh on commodity prices. The review is a risk assessment and does not itself move feed supply or demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2018-11-29 | [Financial Stability Review, November 2018](https://feedsoft.ai/events/62242-financial-stability-review-november-2018.md) | +0.8% | +1.5% |
| EURUSD | 2021-08-26 | [Meeting of 21-22 July 2021](https://feedsoft.ai/events/45765-meeting-of-21-22-july-2021.md) | +0.8% | -0.2% |
| EURUSD | 2024-04-01 | [ECB staff macroeconomic projections for the euro area, March 2024](https://feedsoft.ai/events/31425-ecb-staff-macroeconomic-projections-for-the-euro-area-march-2024.md) | +0.5% | -1.0% |
| EURUSD | 2026-07-31 | [Euro recovers as Eurozone inflation stays firm](https://feedsoft.ai/events/7687-euro-recovers-as-eurozone-inflation-stays-firm.md) | -0.0% | +1.1% |
| EURUSD | 2023-10-01 | [ECB staff macroeconomic projections for the euro area, September 2023](https://feedsoft.ai/events/34320-ecb-staff-macroeconomic-projections-for-the-euro-area-september-2023.md) | +0.1% | +0.3% |

## Sources

- ecb.europa.eu: https://www.ecb.europa.eu/press/financial-stability-publications/fsr/html/ecb.fsr202105~757f727fe4.en.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.