The ECB’s top-down stress-testing framework  Beyond MaRs’ research in a cross-institutional context, a lot more analytical macroprudential work is undertaken here at the ECB, as at other central banks. Our main aim with this work is to be in a position to carry out systemic risk assessments in real time, directly and regularly supporting policy discussions.
For this we have at our disposal a number of tools and techniques which help to assess and quantify the impact of systemic risks on the banking sector and ultimately on the real economy. This enables us to rank, according to their severity, the systemic risks we have identified at any point in time.