EBI Regulatory Report #183

EBI Report
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(6 July 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 1 – 5 July 2024:

5 July
  • Directive (EU) 2024/1760 of the European Parliament and of the Council of 13 June 2024 on corporate sustainability due diligence and amending Directive (EU) 2019/1937 and Regulation (EU) 2023/2859 (OJ L, 2024/1760, 5.7.2024)
  • EBA: announcement of priorities for the supervision of issuers of ARTs and EMTs for 2024/2025
  • EBA: start of dialogue with the banking industry on 2025 EU-Wide stress test methodology
  • ESMA: putting forward measures to support corporate sustainability reporting
4 July
  • EBA: ‘travel rule’ guidance to tackle money laundering and terrorist financing in transfers of funds and crypto assets
  • ESMA: new MiCA rules increase transparency for retail investors
3 July
  • Global Partnership on Artificial Intelligence (GPAI) and OECD unite to advance coordinated international efforts for trustworthy AI
  • Financial Stability Board (FSB): Public responses to consultation on Liquidity Preparedness for Margin and Collateral Calls
  • Basel Committee on Banking Supervision: approval disclosure framework and capital standard for banks’ cryptoasset exposures and amendments to interest rate risk in the banking book standard, and agreement to consult on third-party risk principles
2 July
  • FSB: consultation on interim findings of its evaluation of the effects of the G20 financial regulatory reforms on securitisation
  • EBA: call for caution amid rising geopolitical risks for the EU/EEA banking sector
  • EBA: dashboard finding – most EU resolution banks comply with the requirement aimed at supporting orderly resolution in case of failure
1 July
  • BIS Innovation Hub: Project Nexus completes comprehensive blueprint for connecting domestic instant payment systems globally and prepares for work towards live implementation
  • BIS latest update July 2024: Smooth landing, AI and central banks
  • Competent authorities responsible for ensuring compliance with the Payment Accounts Directive 2014/92/EU of the European Parliament and of the Council (OJ C, C/2024/4264, 1.7.2024)
  • European Systemic Risk Board (ESRB): Opinion of 23 May 2024 regarding the Norwegian notification of an adjustment of the risk weight set for commercial immovable property pursuant to Articles 124(2) and 126(1) CRR (ESRB/2024/1)