EBI Regulatory Report #147

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

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(1 October 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 3 archives, which can be retrieved here.

Main developments during the week 25 – 29 September 2023:

29 September

  • ECB (Eurosystem): Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
  • ESAs: specification of criticality criteria and oversight fees for critical ICT third-party providers under DORA in response to the European Commission’s call for advice
  • EBA: response to the European Commission’s Call for Advice on significance criteria and supervisory fees under the Markets in Crypto-Assets Regulation
  • ESRB: Opinion of 1 September 2023 regarding the Polish notification of higher risk weights set for immovable property pursuant to Articles 124(2) and 125(1) of the CRR (ESRB/2023/8)

28 September

  • ESAs analyse the extent of voluntary disclosure of principal adverse impacts under the SFDR
  • ESRB: response on the request for information for post-implementation Review of IFRS 9 Financial Instruments – Impairment
  • ESMA: Inclusion of South Africa on AML blacklist requires ESMA to withdraw the recognition decision of JSE Clear
  • ESMA Work Programme 2024: focus on digital change and the green transition

27 September

  • European Commission: Financial literacy: Commission publishes joint EU/OECD Financial Competence framework for children and youth
  • ESAs: Report on the landscape of ICT third-party providers in the EU
  • ESRB: advice on the prudential treatment of environmental and social risks

26 September

  • Basel Committee on Banking Supervision: Basel III Monitoring Report
  • Basel Committee on Banking Supervision: Basel III capital ratios for largest global banks increased above pre-pandemic levels in the second half of 2022, latest Basel III monitoring exercise shows
  • EBA: second mandatory exercise on Basel III full implementation shows a significantly reduced impact on EU banks with shortfalls nearly fully absorbed

25 September

  • Financial Stability Board (FSB): Frictions from data frameworks that pose challenges to enhancing cross-border payments