EBI Regulatory Report #198
EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(8 December 2024)
Professor Dr. Christos V. Gortsos and Daphne Farmaki
(Law School, National and Kapodistrian University of Athens)
All previous entries have been put in 4 archives, which can be retrieved here.
Main developments during the 2-week period 25 November – 6 December 2024:
6 December
- EBA: final standards on the specification of long and short positions under the derogations for market and counterparty risks
- EU Agency for the Cooperation of Energy Regulators (ACER) and ESMA: cooperation to better protect businesses and consumers from abuse of the energy market
5 December
- Financial Stability Board (FSB): Advances in global resolution regimes and list of insurers subject to resolution planning standards
- European Systemic Risk Board (ESRB): Risk dashboard, November 2024 (Issue 50)
4 December
- ECB/Eurosystem: announcement of new timeline for harmonisation of banks’ statistical reporting
- ECB/Eurosystem: completion of tests using DLT for central bank money settlement
- OECD Economic Outlook: Global growth to remain resilient in 2025 and 2026 despite significant risks
- EBA: proposal of criteria to appoint a central contact point for crypto-asset service providers to strengthen the fight against money-laundering and terrorism financing in host Member States
- ESRB: Report on system-wide approach to macroprudential policy (4/12/2024)
- ESRB: Opinion of 7 October 2024 regarding the Norwegian notifications of the resetting of the systemic risk buffer pursuant to Article 133 and of the resetting of the O-SII buffer pursuant to Article 131 CRD IV (ESRB/2024/6)
- Council of the EU: Capital Markets Union – agreement to make consumers’ financial data more accessible
- Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to mitigate excessive exposures to third-country central counterparties and improve the efficiency of Union clearing markets (OJ L, 2024/2987, 4.12.2024)
- Directive (EU) 2024/2994 of the European Parliament and of the Council of 27 November 2024 amending Directives 2009/65/EC, 2013/36/EU and (EU) 2019/2034 as regards the treatment of concentration risk arising from exposures towards central counterparties and of counterparty risk in centrally cleared derivative transactions (OJ L, 2024/2994, 4.12.2024)
3 December
- ECB/Eurosystem: ECB staff contribution to the European Commission’s targeted consultation on the functioning of the EU securitisation framework
- EBA: amendment of the supervisory reporting framework for investment firms
- Single Resolution Board (SRB): opening of public consultation on resolvability self-assessment
- Commission Implementing Regulation (EU) 2024/2984 of 29 November 2024 laying down [ITSs] for the application of [MiCAR] with regard to forms, formats and templates for the crypto-asset white papers (OJ L, 2024/2984, 3.12.2024)
2 December
- ECB/Eurosystem: Second progress report on the digital euro preparation phase
29 November
- ECB/Eurosystem: Decisions taken by the Governing Council (in addition to decisions setting interest rates)
- ECB/Eurosystem: announcement of changes to the Eurosystem collateral framework to foster greater harmonisation
- EBA Report: EU banks continue to be robust although risks from geopolitical tensions and cyber threats remain significant
- IOSCO: Final Report on Regulatory Implications and Good Practices on the Evolution of Market Structures
28 November
- Basel Committee on Banking Supervision (BCBS): publication of a range of practices reports on implementing a positive neutral countercyclical capital buffer
- SRB: publication of the list of consultations and requests to the industry for 2025
- Commission Implementing Regulation (EU) 2024/2902 of 20 November 2024 laying down [ITSs] for the application of [MiCAR] with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official currency of a Member State (OJ L, 2024/2902, 28.11.2024)
27 November
- IADI Digest – November 2024
- EBA: EU banks continue to meet their MREL, still 21 banks in their transition period report a shortfall
26 November
- European Parliament: Resolution of 27 February 2024 on the European Central Bank annual report 2023 (2023/2064(INI)) (OJ C, C/2024/6738, 26.11.2024)
- European Commission: Questions and answers on the European Semester Autumn Package
- FSB: publication of 2024 G-SIB list
- BCBS: publication of more details on global systemically important banks (G-SIBs)
- SRB: put of focus on testing in its 2025 work programme
25 November
- IOSCO: Report on Targeted Implementation Review on Principles for the Regulation and Supervision of Commodity Derivatives Markets
- IOSCO: Final Report on Post Trade Risk Reduction Services: Sound Practices for Consideration
- ESMA: announcement of further guidance on exclusion criteria for the selection of Consolidated Tape Providers