EBI Regulatory Report #234
- Date November 10, 2025

EBI Report
on
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(7 November 2025)
Professor Dr. Christos V. Gortsos and Daphne Farmaki
(Law School, National and Kapodistrian University of Athens)
Key developments from 3 – 7 November:
7 November
- ECB Opinion of 7 November 2025 on a proposal for a regulation of the European Parliament and of the Council establishing the exchange, assistance and training programme for the protection of the euro against counterfeiting for the period 2028-2034 (the ‘Pericles V’ programme) and repealing Regulation (EU) 2021/840
- Committee on Payments and Market Infrastructures (CPMI): Global standard-setting bodies publish an assessment report and a consultative report to set out guidance on general business risks and general business losses
- CMPI and IOSCO Board: Implementation monitoring of PFMI: Level 3 assessment report on general business risks
- CMPI and IOSCO Board: MIs’ management of general business risks and general business losses: Further guidance to the PFM
- EBA: call on financial and non-financial counterparties using an initial margin model based on ISDA SIMM to seek authorisation through their competent authorities
6 November
- EBA: Competent authorities have made progress in their approaches to the supervision of CVA risk
- EBA: update of the information disclosed by EU Competent Authorities according to the supervisory disclosure exercises for Q4 2024
- ESMA: Distribution Costs Account for almost Half of the Total Costs Paid to Invest In UCITS
- IAIS Report: financial stability implications from natural catastrophe insurance protection gaps
- Commission Notice on the interpretation and implementation of certain legal provisions of the European Green Bond Regulation (OJ C, C/2025/5885, 6.11.2025)
5 November
- Committee on the Global Financial System (CGFS): Interest rate risk exposures of non-financial corporates and households
- SRB Chair Dominique Laboureix: ECON Committee hearing
- EIOPA: support for the NGFS Declaration on the Economic Cost of Climate Inaction
- EBA: final Guidelines on environmental scenario analysis
4 November
- ECB/SSM: sanctions on LHV Group for misreporting capital requirements
- European Systemic Risk Board (ESRB): Report on credit default swaps (CDS)
- EBA: update of mapping and signposting tools to reflect latest changes in Pillar 3 and supervisory reporting frameworks
3 November
- BIS Newsletter: AI, financial health and the weaker dollar
- EBA: consultation on Guidelines on authorisation of third country branches under the Capital Requirements Directive
- EBA: The market share of EU subsidiaries of third country banking groups remains stable at 9.8% of total assets
- IOSCO Board: Report – Single-Name Credit Default Swaps Market
- IOSCO Board: Report – Pre-Hedging
- IOSCO Board: Report – Recommendations for Secondary Market Disclosure
- IOSCO: Statement on the Importance of High-Quality Valuation Information in Financial Reporting
- Commission Delegated Regulation (EU) 2025/1143 of 12 June 2025 supplementing MiFIR with regard to RTSs on the authorisation and organisational requirements for approved publication arrangements and approved reporting mechanisms, and on the authorisation requirements for consolidated tape providers, and repealing Commission Delegated Regulation (EU) 2017/571
- Commission Delegated Regulation (EU) 2025/1155 of 12 June 2025 supplementing MiFIR with regard to RTSs specifying the input and output data of consolidated tapes, the synchronisation of business clocks and the revenue redistribution by the consolidated tape provider for shares and ETFs, and repealing Commission Delegated Regulation (EU) 2017/574 (OJ L, 2025/1155, 3.11.2025)
- Commission Delegated Regulation (EU) 2025/1246 of 18 June 2025 amending the RTSs laid down in Delegated Regulations (EU) 2017/583 and (EU) 2017/587 as regards transparency requirements for trading venues and investment firms in respect of bonds, structured finance products, emission allowances, and equity instruments (OJ L, 2025/1246, 3.11.2025)
- Commission Delegated Regulation (EU) 2025/1156 of 12 June 2025 supplementing MiFIR with regard to RTSs on the obligation to make market data available to the public on a reasonable commercial basis (OJ L, 2025/1156, 3.11.2025)
- Commission Implementing Regulation (EU) 2025/1157 of 12 June 2025 laying down ITSs for the application of MiFIR with regard to the standard forms, templates and procedures for the authorisation of approved publication arrangements, approved reporting mechanisms and consolidated tape providers, and related notifications, and repealing Commission Implementing Regulation (EU) 2017/1110 (OJ L, 2025/1157, 3.11.2025)
- IOSCO Board: Report – ESG Indices as Benchmarks
