EBI Regulatory Report #181

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(22 June 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 17 – 21 June 2024:

21 June
  • ECB/Eurosystem: Decisions taken by the Governing Council (in addition to decisions setting interest rates)
  • ECB/Eurosystem: Second group of participants chosen to test DLT for settlement in central bank money
  • EBA: update of the Pillar 3 disclosure framework finalising the implementation of the Basel III Pillar 3 framework
20 June
  • European Stability Mechanism: ESM Board of Governors approves 2023 Annual Report
  • EBA: publication of final standards for assessing the materiality of extensions and changes to new market risk internal models
  • EBA Q1 2024 quarterly Risk Dashboard (RDB): Profitability of EU banks remains resilient although the sector is confronted with materialising credit risks
  • SRB to develop new expectations on valuation capabilities
19 June
  • ECB Opinion of 30 April 2024 on a proposed Regulation and Directive on payment and electronic money services (CON/2024/13) (OJ C, C/2024/3869, 19.6.2024)
  • European Commission: European Semester Spring Package – policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances
  • European Commission: Questions and answers on the 2024 European Semester Spring Package
  • Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism [AMLA] and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010 (OJ L, 2024/1620, 19.6.2024)
  • Regulation (EU) 2024/1623 of the European Parliament and of the Council of 31 May 2024 amending [the CRR] as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor (OJ L, 2024/1623, 19.6.2024)
  • Regulation (EU) 2024/1624 of the European Parliament and of the Council of 31 May 2024 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (OJ L, 2024/1624, 19.6.2024)
  • Directive (EU) 2024/1619 of the European Parliament and of the Council of 31 May 2024 amending [the CRD IV] as regards supervisory powers, sanctions, third-country branches, and environmental, social and governance risks (OJ L, 2024/1619, 19.6.2024)
  • Directive (EU) 2024/1640 of the European Parliament and of the Council of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849 (OJ L, 2024/1640, 19.6.2024)
  • Directive (EU) 2024/1654 of the European Parliament and of the Council of 31 May 2024 amending Directive (EU) 2019/1153 as regards access by competent authorities to centralised bank account registries through the interconnection system and technical measures to facilitate the use of transaction records (OJ L, 2024/1654, 19.6.2024)
  • Council of the EU: agreement on its position on the bank crisis management and deposit insurance (CMDI) framework
  • EBA: publication of regulatory products under the MiCAR
  • ESMA: withdrawal of the CRA registration of EuroRating
18 June
  • ECB/Eurosystem Report: Completing banking union and capital markets union is crucial
  • ECB/Eurosystem: Sveriges Riksbank one step closer to joining all ECB TARGET Services
  • Financial Stability Board: FSB Americas Group discusses risks associated with the sovereign-bank nexus and crypto-asset arrangements
  • Commission Delegated Regulation (EU) 2024/1728 of 6 December 2023 supplementing [the CRR] with regard to regulatory technical standards [RTSs] specifying in which circumstances the conditions for identifying groups of connected clients are met (OJ L, 2024/1728, 18.6.2024)
  • Commission Delegated Regulation (EU) 2024/1700 of 5 March 2024 supplementing Regulation (EU) 2017/2402 of the European Parliament and of the Council with regard to [RTSs] specifying, for simple, transparent and standardised non-ABCP traditional securitisation, and for simple, transparent and standardised on-balance-sheet securitisation, the content, methodologies and presentation of information related to the principal adverse impacts of the assets financed by the underlying exposures on sustainability factors (OJ L, 2024/1700, 18.6.2024)
  • ESAs: proposals for improvements to the sustainable finance disclosure regulation
17 June
  • Commission Delegated Regulation (EU) 2024/1085 of 13 March 2024 supplementing [the CRR] with regard to [RTSs] on the assessment methodology under which competent authorities verify an institution’s compliance with the requirements to use internal models for market risk (OJ L, 2024/1085, 17.6.2024)