EBI Regulatory Report #99

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 – 3 July 2022)

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

Key developments since 27 June 2022:

1 July 

  • IADI Policy Brief No. 6 – Inflation and Deposit Insurance Coverage 
  • IOSCO: IFRS Foundation Monitoring Board welcomes strong momentum towards establishing IFRS Sustainability Disclosure standards 
  • ECB response to the Joint Consultation of the ESA’s on STS securitisations-related sustainability disclosures 
  • EBA Risk Dashboard points to high capital and liquidity ratios and indicates first signs of deterioration in asset quality not least related to geopolitical tensions 
  • EBA adopts decision on reporting of payment fraud data under the revised Payment Services Directive 
  • Are fund managers rewarded for taking cyclical risks? 
  • Housing and credit misalignments in a two-market disequilibrium framework 
  • Monitoring systemic risks in the EU securitisation market 

30 June 

  • Basel Committee on Banking Supervision: Prudential treatment of cryptoasset exposures – second consultation 
  • Opinion of the ECB of 27 April 2022 on the Proposal for a Directive of the European Parliament and of the Council amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, environmental, social and governance risk (CON/2022/16) 2022/C 248/03 (OJ C 248, 30.6.2022, pp. 87-96) 
  • EBA publishes its final guidelines on the remuneration and gender pay gap benchmarking exercise under the Capital Requirements Directive and the Investment Firms Directive 
  • EBA publishes its final Guidelines on data collection exercises regarding high earners 
  • ESRB risk dashboard  
  • The General Board of the ESRB held its 46th regular meeting on 23 June 
  • Council: Digital finance: agreement reached on European crypto-assets regulation (MiCA) 

29 June 

  • ECB: Monetary developments in the euro area: May 2022 

28 June 

  • Commission Delegated Regulation (EU) 2022/1011 of 10 March 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying how to determine the indirect exposures to a client arising from derivatives and credit derivatives contracts where the contract was not directly entered into with the client but the underlying debt or equity instrument was issued by that client (OJ L 170, 28.6.2022, pp. 22-26) 
  • EBA observed an increasing encumbrance ratio in 2021 albeit with some signs of stabilisation 
  • EBA adopts decision on reporting of supervisory data from investment firms’ competent authorities to the EBA 
  • ESMA updates on applications for recognition from U.S.- based CCPs 

27 June 

  • New times for ECB’s monetary policy: decisions and press conference 
  • ECB: Governing Council statement on the treatment of the European banking union in the assessment methodology for global systemically important banks 
  • SRB publishes Annual Report for 2021 
  • ESMA publishes results of its Call for Evidence on ESG ratings