ECB's Financial Stability Review is now out

  • low level of systemic financial risk in Eurozone
  • see risk of rising debt sustainability concerns
  • warns of weak profitability prospects for banks, insurers
  • sees risk of stress from rapidly growing shadow banking
  • faster than expected Fed tightening could push Eurozone yields higher
  • commercial property prices above long-term average amid continued strong price increases
  • sees no asset bubbles in corp bonds ,equities residential real estate

No real surprises from the ECB. More on their site here