EBI Regulatory Report #117

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

EBI Report
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(16 January 2023)

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

All previous entries have been put in two archives, which can be retrieved here.

Main developments from 12 December 2022 – 13 January 2023:

13 January 

  • EBA: The liquidity coverage ratio (LCR) of EU banks declined in the first half of 2022 but is still well above the minimum requirement 

12 January 

  • EBA Risk Dashboard shows that capital and liquidity ratios remain robust 
  • European Supervisory Authorities identify good practices for financial education initiatives on scams, fraud and cyber security 

11 January 

EBA publishes peer review on authorisation under the Payment Services Directive 

10 January 

  • EBA updates JSON files within the taxonomy package  
  • FSB: Public responses to consultation on achieving greater convergence in cyber incident reporting  

9 January 

  • Ready for the challenge – Dominique Laboureix takes up mandate as SRB Chair 

5 January 

  • ECB Decision (EU) 2023/55 of 16 December 2022 amending Decision (EU) 2019/1743 on the remuneration of holdings of excess reserves and of certain deposits (ECB/2019/31) and Decision (EU) 2022/1521 on temporary adjustments to the remuneration of certain non-monetary policy deposits held with national central banks and the ECB  

4 January 

  • Public responses to FSBs Proposed Framework for International Regulation of Crypto-asset Activities 

1 January 

  • ECB: Correspondent central banking model (CCBM): Procedures for Eurosystem counterparties 
  • ECB: CCBM information for counterparties: Summary of legal instruments used in the euro area 

29 December 

  • Commission Delegated Regulation (EU) 2022/2580 of 17 June 2022 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information to be provided in the application for the authorisation as a credit institution, and specifying the obstacles which may prevent the effective exercise of supervisory functions of competent authorities  
  • Commission Delegated Regulation (EU) 2022/2579 of 10 June 2022 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the information to be provided by an undertaking in the application for authorisation in accordance with Article 8a of that Directive  

22 December 

  • ECB withdraws banking licence of RCB Bank 
  • ESAs publish list of financial conglomerates for 2022 
  • ESMA publishes 2022 ESEF XBRL taxonomy files and ESEF Conformance Suite 

21 December 

  • ECB: Governing Council statement on macroprudential policies 
  • Letter from Fabio Panetta to Irene Tinagli, ECON Chair, on progress on the investigation phase of a digital euro – second report 
  • EBA publishes final technical standards on the identification of a group of connected clients 
  • EBA updates list of diversified indices 
  • ESMA publishes technical standards on cross-border activities under the UCITS Directive and the AIFMD 

20 December 

  • ECB reviews its risk control framework for credit operations 
  • ECB: Study on the payment attitudes of consumers in the euro area (SPACE) – 2022 
  • Council: Financial markets: member states agree position to revise EU rules on central securities depositories 
  • Capital markets union: Council agrees negotiating mandate on proposal to strengthen market transparency 
  • FSB reports on global trends and risks in non-bank financial intermediation 
  • ESMA supports position limits for TTF gas futures 
  • ESMA publishes Guidelines and technical documentation on reporting under EMIR REFIT 

19 December 

  • Administrative Board of Review (ABOR): eight years of experience reviewing ECB supervisory decisions 
  • ECB report on good practices for climate stress testing 
  • SRB and ECB revise Memorandum of Understanding 
  • EBA updates list of CET1 instruments 

16 December 

  • ECB publishes enhanced rules for private financial transactions of high-level officials 
  • FSB encourages final transition to robust reference rates as cessation of remaining LIBOR panels approaches 
  • Basel Committee on Banking Supervision: Prudential treatment of cryptoasset exposures 
  • SSM: Key observations from the 2022 horizontal analysis of IT and cyber risk 
  • ECB sanctions ABANCA for failing to report cyber incident within deadline 
  • EBA standardises information requirements to support sales and transfers of non-performing loans 
  • EBA publishes its closure report of Covid-19 measures and repeals its Guidelines on Covid-19 reporting and disclosure 
  • ESMA: New Q&As available 

15 December 

  • ECB: Monetary policy decisions 
  • ECB extends liquidity lines with non-euro area central banks until 15 January 2024 
  • ESMA provides guidance to applicants under the DLT Pilot Regime 

14 December 

  • FSB proposes strengthening the liquidity management framework for open-ended funds 
  • Basel Committee on Banking Supervision: Evaluation of the impact and efficacy of the Basel III reforms 
  • EBA consults on Guidelines on the overall recovery capacity in recovery planning 
  • ​EBA publishes its first thematic review on the transparency and level of fees and charges for retail banking products in the EU, observing that significant detriment still arises for consumers 
  • ESMA promotes clarity to market participants on best execution reporting 
  • ESMA provides guidance for supervision of cross-border activities of investment firms 

13 December 

  • Agreement of 12 December 2022 between the ECB and the national central banks of the Member States outside the euro area amending the Agreement of 16 March 2006 (…) laying down the operating procedures for an exchange rate mechanism in stage three of EMU  
  • EBA publishes its roadmap on sustainable finance 
  • ESMA publishes latest edition of its newsletter 

12 December 

  • ECB Regulation (EU) 2022/2419 of 6 December 2022 amending Regulation (EU) 2021/378 on the application of minimum reserve requirements  
  • ECB Banking Supervision: SSM supervisory priorities for 2023-2025 
  • ESAs publish joint advice to the EU Commission on the review of the securitisation prudential framework 
  • EBA issues revised list of ITS validation rules