Market | Europe

Current risk Level

Red: severe risk of a crisis in the financial market. Our risk measure suggests that a financial crisis is imminent or happening right now. This risk level is given for lambda values higher than the 80%-ratio. (Updated July 2025)

Timeline

FRM Europe captures the systemic risk behaviour embedded in the 100 largest European financial institutions, covering the Euro Area, the UK, the Nordics and Switzerland, thereby reflecting the financial linkages between these countries.

By leveraging adjacency matrices, we gain insight into the network dynamics and interconnections among European companies, as visually depicted in the image.