EBI Regulatory Report #140

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
(8 July 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 3 – 7 July 2023:

7 July 

  • Commission Recommendation (EU) 2023/1425 of 27 June 2023 on facilitating finance for the transition to a sustainable economy (OJ L 174, 7.7.2023, pp. 19-46) 
  • EBA: launch of public consultation on amendments to the ITS on disclosures and reporting on MREL and TLAC 
  • ESMA: upgrade of rating data repository and publication of latest data on CRA performance 

6 July 

  • Opinion of the ECB of 5 July 2023 on amendments to the Union crisis management and deposit insurance framework (CON/2023/19) 
  • Opinion of the ECB of 5 July 2023 on a proposal for economic governance reform in the Union (CON/2023/20) 
  • Basel Committee on Banking Supervision (BCBS): launch of public consultation on revisions to the Core principles for effective banking supervision 
  • EBA: publication of validation requirements on initial margin models 
  • Single Resolution Fund (SRF) grows by €11.3 billion to reach € 77.6 billion 
  • ESMA and NCAs: assessment of disclosures and sustainability risks in the investment fund sector 
  • ESMA: latest edition of its newsletter 
  • ESMA: highlighting of areas for improvement in firms’ disclosure of cost and charges under MIFID 

5 July 

  • Financial Stability Board (FSB): consultation on policies to address vulnerabilities from liquidity mismatch in open-ended funds 

4 July 

  • ECB/Eurosystem: Survey on credit terms and conditions in euro-dominated securities financing and OTC derivatives markets (SESFOD) – June 2023 
  • OECD: Consumer Prices – Updated: 4 July 2023 
  • BCBS: Newsletter on credit risk issues 
  • European Court of Auditors: Special report 17/2023: ‘Circular economy – Slow transition by member states despite EU action’ 2023/C 236/02 (OJ C 236, 4.7.2023, p. 2) 

3 July  

  • European Systemic Risk Board: ESRB Annual Report 2022 
  • IOSCO: Anti-dilution Liquidity Management Tools – Guidance for Effective Implementation of the Recommendations for Liquidity Risk Management for Collective Investment Schemes 
  • IOSCO: Statement on Alternatives to USD Libor 
  • ESMA: publication of second overview of national rules governing fund marketing