Sun. Oct 6th, 2024

Insight EU Finance Monitoring Weekly: 23 – 27 September 2024

Sep 30, 2024
euro, money, currency
Insight EU Finance Monitoring. Photo by geralt on Pixabay
SSA DEBTS
  • Fitch: SSA-50 Debt Rose to USD4.7 Trillion in 2023; EU Was the Largest Issuer
DIGITAL EURO
  • Monetary sovereignty in the digital age: the case for a digital euro – Keynote speech by Piero Cipollone, Member of the Executive Board of the ECB, at the Economics of Payments XIII Conference organised by the Oesterreichische Nationalbank
  • Bundesbank: The future of the euro: digital currency in everyday life and the financial markets
ECB
  • Technology as a new frontier for macroprudential policy – Welcome address by Christine Lagarde, President of the ECB and Chair of the European Systemic Risk Board, at the eighth annual conference of the ESRB
  • Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) – August-September 2024
  • Global rifts and financial shifts: supervising banks in an era of geopolitical instability – Keynote speech by Claudia Buch, Chair of the Supervisory Board of the ECB, at the eighth European Systemic Risk Board (ESRB) annual conference on “New Frontiers in Macroprudential Policy”
  • ECB Consumer Expectations Survey results – August 2024
  • The ECB’s monetary policy: towards price stability – Isabel Schnabel, Member of the ECB Executive Board – Wirtschaftsrat der CDU, Stuttgart, 26 September 2024 (PDF)
  • In-Depth Analysis – The ECB’s Monetary Policy Stance in Perspective – EP Committee on Economic and Monetary Affairs
  • Further publications by the ECB
  • Letter from the ECB President to Mr Stefano Cavedagna, MEP, on monetary policy
  • Economic Bulletin Issue 6, 2024
  • Money and credit dynamics in the euro area and a comparison with the United States
  • Liquidity conditions and monetary policy operations from 17 April to 23 July 2024
  • Why are euro area households still gloomy and what are the implications for private consumption?
  • Recent developments in wages and the role of wage drift
  • Findings from a survey of leading firms on labour market trends and the adoption of generative AI
  • Accounting for nature in euro area economic activity
  • Economic and financial impacts of nature degradation and biodiversity loss
  • Asymmetries in the transmission of monetary policy shocks over the business cycle: a Bayesian Quantile Factor Augmented VAR
  • Labour productivity growth in the euro area and the United States: short and long-term developments
  • Past and future challenges for the external competitiveness of the euro area
  • Monetary developments in the euro area: August 2024
  • Supervisory Banking Statistics for significant institutions – Second quarter 2024
SUSTAINABLE FINANCE
  • EP Think Tank: Potential economic impact of European sustainable finance
CAPITAL MARKETS UNION
  • EP Study – The Capital Markets Union – an extra feather to the EMU: Are Capital Markets Important for Monetary Policy?
CRR3/CRD6
  • Briefing – CRR/CRD: The delegated act on the date of application of the own funds requirements for market – EP Committee on Economic and Monetary Affairs
EIOPA
  • EIOPA seeks feedback on measures aimed at strengthening the supervision of occupational pension funds’ liquidity management
  • Updated technical RFR documentation applicable as of 1 January 2025
EBA
  • Final Q&As published by the EBA
  • 2023_6949 Secure corporate payment processes and protocols and inactivity time period
  • 2024_6989 Criteria for selecting the operations to be included in the calculation of fraud rates for the transaction risk analysis (TRA) exemption
  • 2024_7103 Revocation of ASPSP’s Exemption from the Contingency Mechanism due to Prolonged Service Disruption
  • 2024_7148 Breakdown of currencies to be reported
  • 2024_7073 Treatment of two-leg derivatives with respect to rate type and currency
EU PARLIAMENT REGISTER
  • Highlights – Monetary Dialogue with Christine Lagarde, President of the European Central Bank – Committee on Economic and Monetary Affairs
  • Highlights – Scrutiny of delegated acts and implementing measures – Committee on Economic and Monetary Affairs
  • Draft agenda – Monday, 30 September 2024 – PE763.269v01-00 – Committee on Economic and Monetary Affairs
  • Minutes – Monday, 2 September 2024 – PE763.115v01-00 – Committee on Economic and Monetary Affairs
  • Question to the ECB – Banking Capital requirements – PE763.207v01-00
EU COUNCIL REGISTER
  • CM 4384 2024 INIT – Regular dialogue with the European Parliament on new own resources meeting on 3 October 2024: Debriefing Council of the European Union
  • CM 4378 2024 INIT – Council of the European Union Informal videoconference of the members of the Working Party on Combating Fraud
  • ST 13858 2024 INIT – 4047th meeting of the COUNCIL OF THE EUROPEAN UNION REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulations (EU) No 305/2011, (EU) 2016/424, (EU) 2016/425, (EU) 2016/426, (EU) 2023/988 and (EU) 2023/1230 as regards emergency procedures for the conformity assessment, presumption of conformity, adoption of common specifications and market surveillance due to an internal market emergency
  • ST 13503 2024 INIT – Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directive 2014/49/EU as regards the scope of deposit protection, use of deposit guarantee schemes funds, cross – borde r cooperation, and transparency WK 7817 2024 INIT 31/05/2024 Presidency’s 2nd DGSD text – Proposal for a Directive of the European Parliament and of the Council amending Directive 2014/49/EU as r egards the scope of deposit protection, use of deposit guarantee schemes funds, cross -border cooperation, and transparency.
  • ST 13626 2024 INIT – Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on a framework for Financial Data Access and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010, (EU) No 1095/2010 and (EU) 2022/2554 – List of WKs published from 1 January to 30 June 2024
EU COMMISSION REGISTER
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards establishing a template document for cooperation arrangements between competent authorities and supervisory authorities of third countries
  • COMMISSION DELEGATED REGULATION (EU) …/… amending the regulatory technical standards laid down in Delegated Regulation (EU) 2019/815 as regards the 2024 update of the taxonomy for the single electronic reporting format
  • COMMISSION DECISION on the combined waiver of the recovery of debts owed by several entities
  • COMMISSION DECISION on the adoption of the answers to be provided to questions submitted by the European Banking Authority under Article 16b(5) of Regulation (EU) No 1093/2010 of the European Parliament and of the Council
  • COMMISSION IMPLEMENTING REGULATION (EU) …/… laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to standard forms, templates and procedures for the cooperation and exchange of information between competent authorities and EBA and ESMA
  • COMMISSION IMPLEMENTING REGULATION (EU) …/… laying down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to standard forms, templates and procedures for the cooperation and exchange of information between competent authorities
  • COMMUNICATION TO THE COMMISSION Communication from the Commissioner with responsibility for Economy to the Commission asking the College to endorse the extension of the deadlines of submission of national medium-term fiscal-structural plans under Regulation (EU) 2024/1263 of the European Parliament and of the Council on the effective coordination of economic policies and on multilateral budgetary surveillance.
  • Commission Decision on a policy check under Article 23 of Regulation (EU) 2021/523 of the European Parliament and of the Council establishing the InvestEU Programme
  • COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
BIS BRIEFS
  • Basel Committee approves annual G-SIB assessment and advances follow-up response to 2023 banking turmoil
  • The impact of financial crises on industrial growth: lessons from the last 40 years
  • Post-turmoil bank failure management: the European challenges
  • Unallocated TLAC – Executive Summary
  • Impact of Digitalisation on Operational Continuity in Resolution – Executive Summary
  • SNB-FRB-BIS fourth high-level conference on Global Risk, Uncertainty, and Volatility: call for papers
  • Tiff Macklem: Economic growth during uncertain times
  • Alessandra Perrazzelli: Steering the transition to a quantum-safe world. An internationally coordinated approach
  • Luigi Federico Signorini: Building a quantum-safe financial system – what role for authorities and for the private sector?
  • Michelle W Bowman: Recent views on monetary policy and the economic outlook
  • Frank Elderson: Energy performance data – a must-have for managing climate-related credit risk
  • Derville Rowland: Change and challenges – responding to uncertainty, transforming for the future and driving innovation
  • Elizabeth McCaul: The future of European banking supervision – connecting people and technology
  • Luigi Federico Signorini: Disaster risk financing – the role of insurance in new public-private partnerships
  • Nicolas Vincent: Monetary policy decision-making – behind the scenes
  • Tiff Macklem: Artificial intelligence, the economy and central banking
  • Paolo Angelini: Labour market policies and institutions
  • Klaas Knot: The mission of Gerard Vissering – why we need independent central banks
  • Chinese banks and their EMDE borrowers: have their relationships changed in times of geoeconomic fragmentation?
  • Examining the Macroeconomic Costs of Occupational Entry Regulations
  • Economic Surveillance using Corporate Text
  • International finance through the lens of BIS statistics: bank exposures and country risk
  • The US dollar and capital flows to EMEs
  • Deconstructing global trade: the role of geopolitical alignment
  • Shifting landscapes: life insurance and financial stability
  • Defining Households That Are Underserved in Digital Payment Services
  • The transmission of monetary policy to credit supply in the euro area
  • Constructing fan charts from the ragged edge of SPF forecasts
  • Bank supervision and non-performing loan cleansing
  • Temporary VAT exemption in Colombia: How did household consumption respond?
  • A Mixed Duopoly in the Provision of Payment Services
  • The Rapid Adoption of Generative AI
  • The Implications of Labor Market Heterogeneity on Unemployment Insurance Design
  • Mismatch Unemployment During COVID-19 and the Post-Pandemic Labor Shortages
  • Hours Worked and Lifetime Earnings Inequality
  • Measuring Trends in Work From Home: Evidence from Six U.S. Datasets
  • The Bank of Japan’s Large-Scale Government Bond Purchases and the Formation of Long-Term Interest Rates
OECD
  • Reducing public spending, boosting employment, and improving the business environment for SMEs are key to sustainable high living standards in Belgium – OECD
IMF 
  • Working Paper No. 2024/211 : Migration into the EU: Stocktaking of Recent Developments and Macroeconomic Implications
  • Working Paper No. 2024/206 : Mending the Crystal Ball: Enhanced Inflation Forecasts with Machine Learning
  • Working Paper No. 2024/205 : Chinese Banks and Their Emergering Markets / Developing Economies (EMDE)  Borrowers: Have Their Relationships Changed in Times of Geoeconomic Fragmentation?
  • Further IMF publications
  • Terms of Appointment of Kristalina Georgieva as Managing Director of the International Monetary Fund
FINANCIAL STABILITY BOARD
  • OECD – FSB Roundtable on Artificial Intelligence (AI) in Finance: Summary of Key Findings
  • FSB Chair calls for further progress implementing non-bank financial intermediation reforms
  • Virtual public workshop on the evaluation of the effects of the G20 financial regulatory reforms on securitisation
  • FSB takes stock of the wide range of regulatory and supervisory initiatives on nature-related financial risks
  • FSB consults on recommendations related to data flows and regulation and supervision in cross-border payments
  • FSB consults on interim findings of its evaluation of the effects of the G20 financial regulatory reforms on securitisation
RUSSIA
  • U.S. Treasury Takes Coordinated Actions Against Illicit Russian Virtual Currency Exchanges and Cybercrime Facilitator
USA
  • Opening remarks by U.S. Fed Chair Powell at the 10th Annual U.S. Treasury Market Conference, September 26, 2024
  • Recent Views on Monetary Policy and the Economic Outlook – Governor Michelle W. Bowman at the Mid-Size Bank Coalition of America Board of Directors Workshop, Dallas, Texas
  • Supporting Market Resilience and Financial Stability – Vice Chair for Supervision Michael S. Barr at the 2024 U.S. Treasury Market Conference, Federal Reserve Bank of New York, New York, New York
  • Recent Views on Monetary Policy and the Economic Outlook – U.S. Fed Governor Michelle W. Bowman
  • How We Got Here: A Perspective on Inflation and the Labor Market – U.S. Fed Governor Adriana D. Kugler
  • Senior Credit Officer Opinion Survey on Dealer Financing Terms

 

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