EBI Regulatory Report #199

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(15 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 week 9 – 13 December 2024:

13 December
  • ECB/Eurosystem: Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)
  • ECB Decision (EU) 2024/3127 of 26 November 2024 on the approval of the volume of coin issuance in 2025 (ECB/2024/38) (OJ L, 2024/3127, 13.12.2024)
  • ESCB Legal Conference 2024: proceedings
  • ECB/SSM: LSI supervision report 2024
  • EBA: EU banks’ liquidity coverage ratio increased in June 2024, underpinned by growth in banks’ holdings of liquid assets
  • EBA Report: Competent authorities have made significant progress in their approaches to tackling money laundering and terrorist financing
  • Council of the EU: Insolvency law – position for core capital markets union legislation
  • ESMA: consultation on proposals to digitalise sustainability and financial disclosures
  • ESMA: Q&As on the application of the Guidelines on funds’ names using ESG or sustainability-related terms
12 December
  • ECB/Eurosystem: Monetary policy decisions – lowering of the three key ECB interest rates by 25 basis points
  • Eurosystem staff macroeconomic projections for the euro area, December 2024
  • Financial Stability Board (FSB): Recommendations related to data flows and regulation and supervision of cross-border payments
  • EBA: Potential benefits and challenges of tokenised deposits
  • Council of the EU and Parliament: deal on financial benchmarks
  • Regulation (EU) 2024/3005 of the European Parliament and of the Council of 27 November 2024 on the transparency and integrity of Environmental, Social and Governance (ESG) rating activities, and amending Regulations (EU) 2019/2088 and (EU) 2023/2859 (Text with EEA relevance) OJ L, 2024/3005, 12.12.2024
  • ESMA: consultation on Technical Advice on Listing Act implications
11 December
  • ECB Decision (EU) 2024/2938 of 14 November 2024 on the annual accounts of the European Central Bank (ECB/2024/32) (recast) (OJ L, 2024/2938, 11.12.2024)
  • ECB Decision (EU) 2024/2939 of 14 November 2024 amending Decision (EU) 2016/2248 on the allocation of monetary income of the national central banks of Member States whose currency is the euro (ECB/2016/36) (ECB/2024/33) (OJ L, 2024/2939, 11.12.2024)
  • ECB Guideline (EU) 2024/2941 of 14 November 2024 on the legal framework for accounting and financial reporting in the European System of Central Banks (ECB/2024/31) (recast) (OJ L, 2024/2941, 11.12.2024)
  • ECB Guideline (EU) 2024/2942 of 14 November 2024 on the composition, valuation and modalities for the initial transfer of foreign-reserve assets, and the denomination and remuneration of equivalent claims by national central banks of those Member States which adopted the single currency on 1 January 1999 and repealing Guideline ECB/2000/15 (ECB/2024/34) OJ L, 2024/2942, 11.12.2024
  • Basel Committee on Banking Supervision: Final guidelines for counterparty credit risk management
  • ESMA: publication of latest edition of its newsletter
10 December
  • OECD: Adult skills in literacy and numeracy declining or stagnating in most OECD countries
  • FSB: Policy Recommendations to enhance non-bank market participants’ preparedness for margin and collateral calls
  • BIS Quarterly Review, December 2024
  • ESAs: Guidelines to facilitate consistency in the regulatory classification of crypto-assets by industry and supervisors
9 December
  • Eurogroup: Statement on the draft budgetary plans for 2025
  • EBA: consultation on draft technical standards that specify material changes and extensions to the Internal Ratings Based approach