EBI Regulatory Report #170

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
(23 March 2024)

Professor Dr. Christos V. Gortsos and Daphne Farmaki
(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 – 22 March 2024:

22 March

  • Decision (EU) 2024/902 of the ECB of 12 March 2024 amending Decision (EU) 2021/1486 adopting internal rules concerning restrictions of rights of data subjects in connection with the ECB’s tasks relating to the prudential supervision of credit institutions (ECB/2021/42) (ECB/2024/10) (OJ L, 2024/902, 22.3.2024)
  • Decision (EU) 2024/901 of the ECB of 12 March 2024 amending Decision (EU) 2022/2359 adopting internal rules concerning restrictions of rights of data subjects in connection with the ECB’s internal functioning (ECB/2022/42) (ECB/2024/9) (OJ L, 2024/901, 22.3.2024)
  • Commission Delegated Regulation (EU) 2024/920 of 13 December 2023 supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to regulatory technical standards specifying the performance-related triggers and the criteria for the calibration of those triggers (OJ L, 2024/920, 22.3.2024)
  • EBA: revised list of ITS validation rules
  • ESMA: fine of EUR 2,197,500 on Scope Ratings GmbH issue of a public notice, for breaches of conflict of interest obligations under the Credit Rating Agencies Regulation

21 March

  • ECB/Eurosystem: Denmark joins T2 and TIPS to fully integrate Danish krone in Eurosystem’s payment services
  • ECB/SSM: Annual Report on supervisory activities 2023
  • ECB/SSM: ECB sanctions Crédit Mutuel for breaching ECB requirements on internal models
  • SRB: Recent achievements and the road ahead – ECON Speech by SRB Chair Dominique Laboureix
  • ESMA: Transition to the revised MiFIR rulebook
  • ESMA: T+1 feedback report shows mixed impacts of shortening the settlement cycle in the EU

20 March

  • Commission Delegated Regulation (EU) 2024/895 of 13 December 2023 amending Delegated Regulation (EU) 2015/63 as regards the calculation of eligible liabilities and the transitional regime (OJ L, 2024/895, 20.3.2024)
  • EBA: updated list of institutions involved in the 2024 supervisory benchmarking exercise

19 March

  • Regulation (EU) 2024/886 of the European Parliament and of the Council of 13 March 2024 amending Regulations (EU) No 260/2012 and (EU) 2021/1230 and Directives 98/26/EC and (EU) 2015/2366 as regards instant credit transfers in euro (OJ L, 2024/886, 19.3.2024)

18 March

  • ECB/Eurosystem: Creation of seven additional workstreams of the digital euro Rulebook Development Group
  • Financial Stability Board: FSB Guidance on Arrangements to Support Operational Continuity in Resolution (revised version 2024)
  • ECB and EBA step up efforts to make banking industry data reporting more efficient
  • SRB: welcome of plans by ECB and EBA to step up efforts to make banking industry data reporting more efficient