EBI Regulatory Report #221

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(23 June 2025)

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 weeks 16-20 June:

20 June

  • ECB Decision (EU) 2025/1240 of 11 June 2025 amending Decision (EU) 2020/187 on the implementation of the third covered bond purchase programme (ECB/2020/8) (ECB/2025/20)(OJ L, 2025/1240, 20.6.2025)
  • ECB Decision (EU) 2025/1241 of 11 June 2025 amending Decision (EU) 2020/440 on a temporary pandemic emergency purchase programme (ECB/2020/17) (ECB/2025/21) (OJ L, 2025/1241, 20.6.2025)
  • EBA: review of standardised terminology in relation to payment accounts and conclusion it remains fit-for-purpose
  • ESMA: Q&A on the Shared Order Book Model under MiCAR
  • ESMA: launch of selection of consolidated tape provider for shares and ETFs

19 June

  • ESM: Board of Governors approves 2024 Annual Report
  • Financial Stability Board (FSB): examination of vulnerabilities in non-bank commercial real estate (CRE) investors
  • ESMA: consultation on the methodology for computing EU Member States’ Market Capitalisation and Market Capitalisation ratios
  • ESMA: Final Report on the Active Account Requirement under EMIR 3

18 June

  • Council: position on a more modern payment service framework in the EU
  • EBA: consultation on technical standards on acquisitions in credit institutions
  • Council and European Parliament: agreement on shorter settlement cycle for securities trading

17 June

  • Eurosystem: launch of a single collateral management system
  • European Systemic Risk Board (ESRB): Opinion of 7 May 2025 regarding the Norwegian notification of a stricter national measure based on Article 458 CRR (ESRB/2025/1)
  • IOSCO: World Investor Week 2024 – Report of IOSCO Committee 8 on Retail Investors

16 June

  • EBA: publication of key regulatory products on operational risk capital requirements and related supervisory reporting
  • ESMA: Activities in 2024 focused on strengthening the EU Capital Markets and putting citizens and businesses at the heart of it