Some energy firms use derivatives to hedge risk. But price surges and other volatility in energy markets have led to large margin calls and liquidity issues.

What does this mean for financial stability? Find out in our Financial Stability Review https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202211_01~173476301a.en.html?utm_source=twitter&utm_medium=social&utm_campaign=fsrnov2022_postpubenergy

🐦🔗: https://nitter.eu/ecb/status/1594700300694208512