The ECB Report on Financial Structures (RFS) in the euro area reviews the main structural features of and developments in the broader euro area financial sector. Like the ECB Banking Structures Report (BSR), which was published until 2014 and can be seen as a predecessor of the RFS, the RFS has a clear structural focus, thereby serving as a complement to the biannual ECB Financial Stability Review (FSR) which focuses more on cyclical factors.