The first high risk is the deterioration of the internal macroeconomic balances. It has remained the top risk on the risk map in the last two years.
The following high risks by importance are the risk of an increase in borrowing cost as a result of the increase in the interest rate and/or depreciation of the exchange rate with negative effects on the payment capacity of debtors, especially households and small and medium-sized businesses, the risk of non-repayment of loans taken out by the non-governmental sector and the risk of the uncertain and unpredictable financial-banking sector legal framework, with an impact on the solvency of the banking sector.
The moderate risks by importance are the risk of the cybersecurity and financial innovation challenges, the risk associated with the trend of the residential real estate market, the risk of the liquidity of the banking sector, the risk of a fast decline in investor sentiment about emerging economies, the risk of an increase in the connection between the banking sector and the public sector, the risk associated with the trend of the commercial property market and the climate risk.
(English version by Loredana Fratila-Cristescu)