EBI Regulatory Report #141

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 10 – 14 July 2023:

14 July

Opinion of the ECB of 6 June 2023 on the proposal for a Directive on corporate sustainability due diligence (CON/2023/15) 2023/C 249/03 (OJ C 249, 14.7.2023, pp. 3-6)
Macroeconomic imbalance procedure (MIP): Council adopts conclusions

13 July

ECB/Eurosytem: Monetary Policy Account: Meeting of 14-15 June 2023
Eurogroup: Statement on the euro area fiscal stance for 2024
EBA: publication of fourth Opinion on money laundering and terrorist financing risks across the EU
EBA: EU/EEA banking sector shows rising profitability, but asset quality and profitability related risks are looming
ESMA: New Q&As available
ESMA: National regulators strengthen their supervision of the compliance function

12 July

Financial Stability Board (FSB): outline of next steps on climate roadmap, following the finalisation of the global sustainability disclosure standards
FSB Chair outlines work on recent banking turmoil and to finalise crypto-asset recommendations
Basel Committee on Banking Supervision (BCBS): Regulatory Consistency Assessment Programme (RCAP): Assessment of Basel Committee’s Net Stable Funding Ratio standard – United States
BCBS: Regulatory Consistency Assessment Programme (RCAP): Assessment of Basel Committee’s large exposures framework – United States
ECB/SSM: Supervisory Banking Statistics on significant institutions for the first quarter of 2023
EBA: encouragement of timely preparatory steps towards the application of MiCAR to asset-referenced and electronic money tokens
EBA: consultation on draft technical standards on complaints handling procedures under the MiCAR
EBA: consultation on draft technical standards on EU market access of issuers of asset-referenced tokens under the MiCAR
SRB joins Network for Greening the Financial System
ESMA: highlighting of risks arising from securities lending to retail investors
ESMA: no evidence to ban pre-hedging but warning on risks
ESMA: seeking first input on detailed rules for crypto markets

11 July

ESMA: Opinion on CNMV product intervention measures
ESMA: publication of Final Report on revised technical standards for passporting
ESMA: provision of insights into the expected sustainability disclosures in prospectuses
ESMA: update of its guidance on the definition of advice in a supervisory briefing

10 July

Reports