EBI Regulatory Report #92

Business graphs and charts on table. Financial development, Banking Account, Statistics

EBI Report
Economic Policy and Financial Regulation Measures:
International, EU and Euro Area Levels
(1 September 2021 – 14 May 2022)

Professor Dr. Christos V. Gortsos and Georgios Zervakis, LLM candidate
(Law School, National and Kapodistrian University of Athens)

Key developments since 9 May 2022:

13 May 

  • EBA publishes final technical standards on crowdfunding service providers 
  • ESMA makes recommendations for disclosures of expected impacts of IFRS 17 application 
  • ESMA reminds issuers of the main IFRS requirements amid the war in Ukraine 

12 May 

  • Committee on Payments and Market Infrastructures (CPMI): Improving access to payment systems for cross-border payments: best practices for self-assessments 
  • CPMI: Extending and aligning payment system operating hours for cross-border payments 
  • Computers and money: the work of the Basel Committee on cryptoassets 

11 May 

  • Digital finance: Provisional agreement reached on DORA 
  • Lessons from Covid-19 on Basel reforms and next steps 
  • EBA sees progress in the implementation of the supervisory review and evaluation process and of the supervisory priorities for 2021 but flags some areas for improvement 

10 May 

  • Commission boosts Horizon Europe budget to support green, health and digital innovations and displaced researchers of Ukraine 
  • ESAs call for improvements in product descriptions intended for retail investors 
  • The EBA has designed an efficient framework for reporting of deposits subject to Russian and Belarusian economic sanctions 

9 May 

  • FSB publishes peer review on out-of-court corporate debt workouts