EBI Regulatory Report #141

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
(15 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 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 

  • ESMA: New Manual on post-trade transparency available