EBI Regulatory Report #127

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
(25 March 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 during the week 20 – 24 March 2023:

24 March  

  • Statement of the Euro Summit, 24 March 2023 
  • Back to the (macroprudential) future: Reflections and questions on macroprudential policy, Keynote speech by the Chair of the Basel Committee  
  • EBA: consultation on standards for supervisors assessing the new market risk internal models under the Fundamental Review of the Trading Book 
  • ESMA fines S&P €1.11 million for failures related to the premature release of credit ratings to the public 

23 March 

  • ECB: Climate-related financial disclosures of the Eurosystem’s corporate sector holdings for monetary policy purposes  
  • ECB: Climate-related financial disclosures of the ECB’s non-monetary policy portfolios 
  • Decision (EU) 2023/673 of the ECB of 14 March 2023 nominating heads of work units to adopt delegated decisions relating to on-site inspections and internal model investigations (OJ L 84, 23.3.2023, pp. 24-25) 
  • Decision (EU) 2023/672 of the ECB of 10 March 2023 on delegation of the power to adopt decisions relating to on-site inspections and internal model investigations (OJ L 84, 23.3.2023, pp. 18-23) 
  • Basel Committee to review recent market developments, advances work on climate-related financial risks, and reviews Basel Core Principles 

22 March 

  • Eurogroup President Donohoe’s report to the President of the Euro Summit of 24 March 2023 
  • Croatia becomes 20th Member of ESM 

21 March 

  • ECB: Successful launch of new T2 wholesale payment system 
  • ECB Annual Report on supervisory activities 2022 
  • EBA: consultation on amendments to the reporting on the Fundamental Review of the Trading Book 

20 March 

  • ECB Banking Supervision, SRB and EBA statement on the announcement on 19 March 2023 by Swiss authorities 
  • ESRB: Macro-financial scenario for the 2023 EU-wide banking sector stress test (updated)  
  • Regulation (EU) 2023/606 of the European Parliament and of the Council of 15 March 2023 amending Regulation (EU) 2015/760 as regards the requirements pertaining to the investment policies and operating conditions of European long-term investment funds and the scope of eligible investment assets, the portfolio composition and diversification requirements and the borrowing of cash and other fund rules (OJ L 80, 20.3.2023, pp. 1-23) 
  • ESMA raises concerns with the proposed changes to the insider list regime