ESMA publishes the second Trends, Risks and Vulnerabilities (TRV) Report of 2023: ESMA sees prevailing market uncertainties as downside risks rise

ESMA sees that financial markets are adapting to the new economic environment of durably higher inflation and interest rates, however risks remain high in ESMA’s remit. Markets are set to remain very sensitive to potential deteriorations in economic fundamentals or risks in the financial sector.