Key developments from 22 – 26 September:

• ECB: presentation of findings from digital euro innovation platform and announcement of second round of experimentation
• SRB: publication of operational guidance on resolvability testing for banks to enhance crisis readiness

• Commission Delegated Regulation (EU) 2025/1493 of 11 June 2025 amending Commission Delegated Regulation (EU) No 876/2013 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as regards changes to the functioning and management of colleges for central counterparties (OJ L, 2025/1493, 25.9.2025)
• ESMA: Updated Instructions for weekly Commodity Derivative Position reporting

• ECB: consolidated banking data for end-March 2025
• EBA: Q2 2025 supervisory data indicate improvements in ROE despite continued tightening of net interest margins in EU/EEA banks

• InvestEU: Council and Parliament agree to make the programme easier and more efficient
• OECD: Global economic outlook weakens as policy uncertainty weighs on demand
• EBA: advice the EU Commission on the review of the EU covered bond framework

• European Systemic Risk Board (ESRB) Decision of 25 June 2025 amending Decision ESRB/2011/1 adopting the Rules of Procedure of the European Systemic Risk Board (ESRB/2025/7)
• ESRB Recommendation of 27 June 2025 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2025/4) (OJ C, C/2025/5111, 22.9.2025)
• ESRB Recommendation of 9 July 2025 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2025/5) (OJ C, C/2025/5112, 22.9.2025)
• ESRB Recommendation of 9 July 2025 amending Recommendation ESRB/2015/2 on the assessment of cross-border effects of and voluntary reciprocity for macroprudential policy measures (ESRB/2025/6) (OJ C, C/2025/5113, 22.9.2025)