ECB sees higher financial stability risks from outside Eurozone

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