EBI Regulatory Report #101

Business graphs and charts on table. Financial development, Banking Account, Statistics

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(1 September 2021 – 16 July 2022)

Professor Dr. Christos V. Gortsos and Georgios Zervakis, LLM candidate
(Law School, National and Kapodistrian University of Athens)

Key developments since 11 July 2022:

15 July 

  • ESRB publishes EU Non-bank Financial Intermediation Risk Monitor 2022 
  • ESRB Annual Report 2021 

14 July 

  • European Commission: Summer 2022 Economic Forecast: Russia’s war worsens the outlook 
  • FSB outlines progress made on addressing financial risks from climate change 
  • FSB issues statement on the international regulation and supervision of crypto-asset activities 
  • Committee on Payments and Market Infrastructures: Central bank liquidity bridges for cross-border payments  
  • IOSCO: The Use of Innovation Facilitators in Growth and Emerging Markets 
  • Commission Implementing Regulation (EU) 2022/1210 of 13 July 2022 laying down implementing technical standards for the application of Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to the format of insider lists and their updates (OJ L 187, 14.7.2022, pp. 23-30) 

13 July 

  • ECB: The case for a digital euro: key objectives and design considerations 
  • FSB Chair flags to G20 growing challenges to financial stability 
  • Committee on Payments and Market Infrastructures: Application of the Principles for Financial Market Infrastructures to stablecoin arrangements 
  • Financial Stability Institute: FSI Insights No 45 – Counting the cost of payout: constraints for deposit insurers in funding bank failure management  
  • IADI Sponsored Paper No. 2: “ECB Significant-Bank Risk Profile and COVID-19 Crisis Containment: What Approach in the Transitioning Phase?” 
  • SRB publishes Resolvability Assessment and Heat-map 
  • ESRB’s view regarding data quality issues and risks for financial stability 
  • IOSCO: Application of the Principles for Financial Market Infrastructures to stablecoin arrangements 

12 July 

  • ECB: Croatia to join euro area on 1 January 2023 
  • Macroeconomic imbalance procedure: Council adopts conclusions 
  • Regulatory Consistency Assessment Programme (RCAP): Assessment of Basel Committee’s large exposures framework – European Union  
  • Regulatory Consistency Assessment Programme (RCAP): Assessment of Basel Committee’s Net Stable Funding Ratio standard – European Union 
  • ESMA issues a third statement on the implementation of LEI requirements for third-country issuers 
  • ESMA identifies data reporting services providers to be supervised directly 
  • ESMA explains classification of third-country counterparties in weekly position reports 

11 July  

  • ECB contribution to the European Commission’s targeted consultation on the evaluation of State aid rules for banks in difficulty 
  • Eurogroup statement on fiscal policy orientations for 2023 
  • FSB issues statement on the international regulation and supervision of crypto-asset activities 
  • ECB publishes supervisory banking statistics for the first quarter of 2022 
  • IOSCO: Operational resilience of trading venues and market intermediaries during the COVID-19 pandemic & lessons for future disruptions 
  • ESMA reviews Clearing and Derivatives Trading Obligations