EU financial regulators highlight risks of a no-deal Brexit and search for yield

The European Union's (EU) banking, insurance, pensions and securities sectors continue to face a range of risks, the latest report on "Risks and Vulnerabilities in the EU Financial System" published today by the Joint Committee of the European Supervisory Authorities (ESAs) shows.

The 2019 Autumn ESAs' report highlights the following risks as potential sources of instability:

• Uncertainties around the terms of the United Kingdom's withdrawal from the European Union
• Persistently low interest rates, which combined with flattening yield curves, put

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