ESRB: Rising household debt could de-stabilise financial system in Finland

Medium-term vulnerabilities in the residential real estate sector could pose a systemic risk to financial stability in Finland, warns the European Systemic Risk Board (ESRB). The European Systemic Risk Board (ESRB) has warned Finland of residential real estate vulnerabilities, reports the Bank of Finland. The ESRB has drawn particular attention to the risks associated with the growing debt burden of households, warning that it could jeopardise the stability of the financial system and real economy in F...