On April 12, 2018, the Joint Committee, comprising the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA), also known as the European supervisory authorities (ESAs), released a report on the risks and vulnerabilities in the EU financial system for the second half of 2017. The report also outlines policy actions that should be taken to mitigate the identified risks.