Here are the some of the key highlights from the ECB's bi-annual Financial Stability Review, released this Wednesday.

   •  Economic growth supporting financial stability but markets vulnerable to a sudden increase in volatility
   •  Euro area systemic stress indicators have remained low over the past six months
   •  There is no generalized overvaluation in EZ fin markets
   •  Re-pricing of global risk premia remains significant
   •  Over past six months, ongoing economic recovery supported outlook for sustainability of Euro area sovereign debt
   •  High private, public debt could give rise to debt sustainability concerns in some countries
   •  Higher rates may trigger concerns on debt servicing