On 28 April 2025, the European Parliament’s Committee on Economic and Monetary Affairs published a draft report on safeguarding and promoting financial stability amid economic uncertainties. Among other things the Rapporteur identifies several macro-financial risks and stresses the need for robust crisis preparedness mechanisms to safeguard the EU’s financial system. The rapporteur also highlights the need for stronger cooperation with international financial bodies to manage cross-border risks and ensure a coordinated response to financial instability.