EBI Regulatory Report #159

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
(21 December 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 18 – 21 December 2023:

21 December

  • Decision (EU) 2023/2870 of the ECB of 7 December 2023 amending Decision (EU) 2019/166 on the Market Infrastructure Board (ECB/2019/3) (ECB/2023/37) (OJ L, 2023/2870, 21.12.2023)
  • EBA: consultation on Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national sanctions
  • ESMA: consultation on possible changes to the securitisation disclosure templates

20 December

  • Council of the EU: Sustainable finance: agreement on negotiating mandate on the proposed Regulation on ESG ratings providers
  • Financial Stability Board (FSB) and IOSCO: publication of policies to address vulnerabilities from liquidity mismatch in open-ended funds
  • EBA: update of Guidelines on the specification and disclosure of systemic importance indicators
  • EBA: publication of amendments to disclosures and reporting on MREL and TLAC
  • EBA: EU banks’ liquidity coverage ratio declined but remains well above the minimum requirement
  • ESAs: proposal for extending the EMIR equity option exemption
  • SRB: Statement on the General Court’s judgments on the decisions on 2021 ex-ante contributions
  • IOSCO: Anti-dilution Liquidity Management Tools – Guidance for Effective Implementation of the Recommendations for Liquidity Risk Management for Collective Investment Schemes
  • Regulation (EU) 2023/2859 of the European Parliament and of the Council of 13 December 2023 establishing a European single access point providing centralised access to publicly available information of relevance to financial services, capital markets and sustainability (OJ L, 2023/2859, 20.12.2023)
  • Directive (EU) 2023/2864 of the European Parliament and of the Council of 13 December 2023 amending certain Directives as regards the establishment and functioning of the European single access point (OJ L, 2023/2864, 20.12.2023)
  • Regulation (EU) 2023/2869 of the European Parliament and of the Council of 13 December 2023 amending certain Regulations as regards the establishment and functioning of the European single access point (OJ L, 2023/2869, 20.12.2023)

19 December

  • ECB/SSM: Aggregated results of SREP 2023
  • ECB/SSM: Supervisory methodology
  • ECB Banking Supervision: SSM supervisory priorities for 2024-2026
  • ESRB: Recommendation of 13 November 2023 regarding the Portuguese notification of its intention to set a sectoral systemic risk buffer rate in accordance with Article 133 of Directive 2013/36/EU (ESRB/2023/11)
  • ESRB: Adverse scenario for the 2023 ESMA’s money market fund stress testing guidelines
  • IOSCO: Policy Recommendations for Crypto and Digital Asset Markets (including DeFi) – Umbrella Note
  • IOSCO: Final Report with Policy Recommendations for Decentralized Finance (DeFi)
  • ESMA: presentation of methodology for climate risk stress testing and analysis of the financial impact of greenwashing controversies
  • ESMA: update of the parameters and methodology for MMF stress testing
  • ESMA: final technical standards under the revised ELTIF regulation

18 December

  • Decision (EU) 2023/2811 of the ECB of 7 December 2023 on the national central banks’ percentage shares in the key for subscription to the European Central Bank’s capital and repealing Decision (EU) 2020/137 (ECB/2020/3) (ECB/2023/31) (OJ L, 2023/2811, 18.12.2023)
  • EBA: An increase in the current deposit coverage level of EUR 100,000 would have limited impact on financial stability and depositor protection, an EBA simulation shows
  • EBA: Guidance on the benchmarking of diversity practices under the Capital Requirements and Investment Firms Directives
  • ESRB: Towards macroprudential frameworks for managing climate risk
  • ESMA: The average cost of retail investment products declines but significant differences across EU Member States remain