Structural systemic risks were on top of the agenda of the 49th meeting of the Financial Market Stability Board (FMSB), which took place on 25 June 2026. Other topics included the impact of the sectoral systemic risk buffer on lending activity and lending rates, the evolution of lending standards for private residential real estate financing and the risks associated with investment funds and private credit. The recommendation for a countercyclical capital buffer of 0% remained unchanged.
