Mon. Feb 17th, 2025
euro, money, currency, clockwork
Insight EU Finance Monitoring. Photo by geralt on Pixabay

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PAYMENT STUDY
  • Digital payments continue to rise, albeit at a slower pace – cash remains a key payment method
EUROPEAN SEMESTER
  • The second part of the European Semester Autumn Package addresses socio-economic challenges for 2025
  • Questions and answers on the second part of the 2025 European Semester Autumn Package
FINANCIAL SECTOR
  • EU Parliament background on Deal for better data sharing and less red tape in the EU financial sector
  • EU Council on better data sharing and the deal on financial reporting requirements
ECB
  • The euro area outlook and monetary policy – Speech by Philip R. Lane, Member of the Executive Board of the ECB, MNI Webcast
  • Monetary policy in the euro area – Speech by ECB President Christine Lagarde
  • Interview with Luis de Guindos, Vice-President of the ECB, conducted by Wouter van Bergen and Martin Visser
  • Further publications by the ECB
  • ECB Podcast: Tariffs, tensions and tackling inflation
  • Consolidated financial statement of the Eurosystem as at 13 December 2024
  • ECB publishes new wage tracker indicators
  • Scientific papers by the ECB
  • Navigating a fragmenting global trading system: insights for central banks
  • The geography of capital allocation in the euro area
  • Towards a European system for natural catastrophe risk management
  • Trust in central banks
  • Nowcasting Made Easier: a toolbox for economists
  • Why do we need to strengthen climate adaptations? Scenarios and financial lines of defence
  • A look back at 25 years of the ECB SPF
ECB BANKING SUPERVISION
  • Banking supervision press conference
  • Speech by Claudia Buch, Chair of the Supervisory Board of the ECB, at the press conference on the 2024 SREP results and the supervisory priorities for 2025-27
  • Further publications by the ECB Banking Supervision
  • ECB publishes supervisory banking statistics on significant institutions for the third quarter of 2024
  • Supervisory Banking Statistics for significant institutions – Third quarter 2024
  • Supervisory priorities 2025-27
  • Market risk SREP methodology
  • ECB sanctions BNP Paribas Fortis SA/NV for misreporting capital requirements
  • ECB appoints Karin Turner-Hrdlicka as Director General On-site and Internal Model Inspections
  • ECB keeps capital requirements broadly steady for 2025, reflecting strong bank performance amid heightened geopolitical risks
  • List of supervised entities – Cut-off date 1 November 2024
  • Governing Council statement on macroprudential policies
CAPITAL MARKETS
  • ECMI: Shareholder preferences and shareholder democracy: Aligning corporate governance with societal expectations
  • EFAMA: Stronger demand for both equity and money market funds in Q3 2024
EIB
  • European Investment Bank Group Risk Management Disclosure Report
  • Further publications by the EIB
  • EIB Group Product Catalogue
  • Priorities for prosperity: The EIB Group 2024 Activity Report
  • Evaluation of EIB support for agriculture and bioeconomy outside the European Union from 2014 to 2023
DORA
  • ESAs are recruiting Heads of Unit for their DORA Joint Oversight Team
  • EIOPA revokes previous guidelines to avoid duplicities and overlaps with DORA
  • The ESAs’ Dry Run exercise shows the goal of reporting of registers of information under Digital Operational Resilience Act in 2025 within reach
EIOPA
  • EIOPA provides updated information to policyholders affected by FWU AG’s insolvency
  • EIOPA’s stress test shows EU insurers can handle surging geopolitical risks but at a heavy price
  • EIOPA and ECB propose European approach to reduce economic impact of natural catastrophes
ESMA
  • ESMA consults on the Internal Control Framework for some of its supervised entities
  • ESMA publishes feedback received to proposed review of securitisation disclosure templates
  • ESMA consults on EU code of conduct for issuer-sponsored research
  • ESMA releases last policy documents to get ready for MiCA
  • ESMA publishes its Final Report on bond transparency and reasonable commercial basis under MiFIR Review
  • ESMA delivers technical standards on CTPs and other DRSPs
  • ESMA delivers final report on equity transparency under MiFID II
  • Ongoing ESMA Consultations
  • Further ESMA documents
  • ESMA page: Markets in Crypto-Assets Regulation (MiCA)
  • List of firms that have meet the obligations under the Article 69 or Article 70 of the European Green Bonds Regulation
  • Compliance table on the revised Guidelines on 2023 stress tests scenarios under MMF Regulation
EBA
  • The EBA responds to a law firm on the treatment of some legacy instruments of Banque Fédérative du Crédit Mutuel
  • EBA issues revised list of ITS validation rules
  • The EBA releases the technical package for its 4.0 reporting framework
  • The EBA published a Handbook on independent valuers for resolution purposes
  • The EBA provides further guidance on reporting requirements under the Markets in Crypto Assets Regulation
  • Overall, the EBA observes a stable number of monitored high earners in the EU in 2023
  • EU/EEA banks’ profitability is holding up well despite declining net interest margin
  • The EBA publishes final draft technical standards on the conditions for determining whether an instrument attracting residual risk acts as a hedge
  • The EBA publishes a no action letter on the application of the European Market Infrastructure Regulation
  • Colleges on anti-money laundering and countering the financing of terrorism have become more effective but further progress is needed, the EBA finds
  • Final EBA Q&As
  • 2024_7092 Consistency of Article 447(f) CRR and ITS on public disclosures with the mapping tool for the key metric LCR in KM1
  • 2024_7099 Loan commitments, financial guarantees and other commitments received in F 9.2
  • 2024_7139 Definition of SME in Finrep vs COREP under CRR3 Regulation
  • 2024_7158 NACE CODES
  • 2024_7164 Definition of ‘project finance loans’ for FINREP reporting
  • 2024_7191 The asset resulted from the customer´s obligation to reimburse the payment to the bank from the financial guarantee
  • 2024_7207 FINREP reporting of loans secured by mortgage mandates (Belgium)
  • 2024_7212 a) Disclosure of Items in Transit balance in FINREP Table 01.01 {F01.01, c0010 (r0020 or r0183 or r0360)} b) EBA_v5013 (Type – Error): [F 05.01, F 01.01] Sum of Loans & Advances across Industry ({{F 05.01, r0080, (c0010, c0020, c0030, c004
  • 2024_7222 FINREP Group Structure Template 40.02
  • Ongoing EBA Consultations
  • Consultation on Regulatory Technical Standards on CCP to strengthen fight against financial crime
  • Consultation on Technical Standards on structural foreign exchange under CRR
  • Consultation on Guidelines on proportionate retail diversification methods
EU PARLIAMENT REGISTER
  • Study – Debt Sustainability Analysis: Assessing its Use in the EU’s New Fiscal Rules – PE 760.273 – Committee on Economic and Monetary Affairs
  • Press release – MEPs approve Bruna Szego as Chair of the EU Anti-Money Laundering Authority
  • REPORT on the proposal for the appointment of the Chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism – A10-0032/2024
  • DRAFT REPORT on the draft Council directive amending Directive 2006/112/EC as regards VAT rules for the digital age – PE766.716v01-00
EU COUNCIL REGISTER
  • ST 16996 2024 INIT Proposal for a COUNCIL DECISION on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee concerning an amendment to Annex IX (Financial services) to the EEA Agreement (DORA)
  • ST 16996 2024 ADD 1 ANNEX to the Proposal for a COUNCIL DECISION on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee concerning an amendment to Annex IX (Financial services) to the EEA Agreement (DORA)
  • ST 16994 2024 INIT Proposal for a COUNCIL DECISION on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee concerning an amendment to Annex IX (Financial services) to the EEA Agreement (MiCA)
  • ST 16994 2024 ADD 1 ANNEX to the Proposal for a COUNCIL DECISION on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee concerning an amendment to Annex IX (Financial services) to the EEA Agreement (MiCA)
  • ST 17006 2024 INIT REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the implementation of the Innovation Fund in 2023
  • ST 17071 2024 INIT COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE EUROPEAN CENTRAL BANK, THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE, THE COMMITTEE OF THE REGIONS AND THE EUROPEAN INVESTMENT BANK 2025 European Semester – Autumn package
  • ST 17115 2024 INIT Report from the Commission to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and the Court of Auditors: Interim evaluation under Regulation (EU) 2021/785 of the European Parliament and of the Council of 29 April 2021 establishing the Union Anti-Fraud Programme and repealing Regulation (EU) No 250/2014
  • ST 17115 2024 ADD 1 Commission Staff Working Document accompanying the document “Report from the Commission to the European Parliament, the Council, the European Economic and Social Committee, the Committee of the Regions and to the European Court of Auditors: Interim evaluation under Regulation (EU) 2021/785 of the European Parliament and of the Council of 29 April 2021 establishing the Union Anti-Fraud Programme and repealing Regulation (EU) No 250/2014”
EU COMMISSION REGISTER
  • COMMUNICATION TO THE COMMISSION Communication from Commissioner Dombrovskis in agreement with the President 2023 Annual Report of the EU Governor of the EBRD to the European Parliament
  • 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 approving the Amendment Agreement in respect of the EIF Member State compartment for Spain
  • COMMUNICATION TO THE COMMISSION COMMUNICATION FROM COMMISSIONER DOMBROVSKIS TO THE COMMISSION IN AGREEMENT WITH EXECUTIVE VICE-PRESIDENT FITTO on the assessment of the first instalment of the non-repayable support of Spain pursuant to Regulation (EU) 2021/241 – Reversal of milestone 144
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of a qualifying holding in a crypto-asset service provider
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of a qualifying holding in an issuer of an asset-referenced token
  • COMMISSION IMPLEMENTING DECISION on the authorisation of the disbursement of the fourth and fifth instalments of the non-repayable support and the first instalment of the loan support for Czechia
  • COMMISSION IMPLEMENTING DECISION on the partial suspension of the disbursement of the fourth and fifth instalments of the non-repayable support for Czechia
  • COMMISSION IMPLEMENTING DECISION on the authorisation of the disbursement of the second and third instalments of the non-repayable support for Germany
  • COMMISSION IMPLEMENTING DECISION on the authorisation of the disbursement of the fifth instalment of the non-repayable support and the fifth instalment of the loan support for Portugal
  • COMMISSION IMPLEMENTING DECISION on the reduction of the amount of the second instalment of the loan support for Romania
  • COMMISSION IMPLEMENTING DECISION on the authorisation of the disbursement of the sixth instalment of the non-repayable support and the sixth instalment of the loan support for Italy
  • COMMISSION IMPLEMENTING DECISION amending Commission Implementing Decision C(2023) 6464 final of 21 September 2023 on the authorisation of the disbursement of the second instalment of the non-repayable support and the second instalment of the loan support for Romania
  • COMMISSION IMPLEMENTING DECISION on the release by the European Union of exceptional macro-financial assistance to Ukraine
  • COMMISSION IMPLEMENTING DECISION on the release by the European Union of short-term macro-financial assistance to the Arab Republic of Egypt
  • Austria – transmission letter with reference trajectory
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the content, methodologies and presentation of information in respect of sustainability indicators in relation to adverse impacts on the climate and other environment‐related adverse impacts
  • COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE Alert Mechanism Report 2025 prepared in accordance with Article 3 of Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances
  • Recommendation for a COUNCIL RECOMMENDATION on the economic policy of the euro area
  • COMMISSION STAFF WORKING DOCUMENT STATISTICAL ANNEX Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE Alert Mechanism Report 2025 prepared in accordance with Article 3 of Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances
  • COMMISSION STAFF WORKING DOCUMENT 2025 Report on the euro area Accompanying the document Recommendation for a COUNCIL RECOMMENDATION on the economic policy of the euro area
  • COMMISSION STAFF WORKING DOCUMENT On the changes in the scoreboard of the Macroeconomic Imbalance Procedure Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE Alert Mechanism Report 2025 prepared in accordance with Article 3 of Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances
  • COMMISSION DECISION on the adoption of the answers to be provided to questions submitted by the European Insurance and Occupational Pensions Authority under Article 16b(5) of Regulation (EU) No 1094/2010 of the European Parliament and of the Council
  • COMMISSION DECISION approving the Second Addendum to the Financing Agreement between the Commission and Germany and Luxembourg pursuant to Regulation (EU) 2021/241
  • COMMISSION DECISION on the adoption of the answers to be provided to questions submitted by the European Securities and Markets Authority under Article 16b(5) of Regulation (EU) No 1095/2010 of the European Parliament and of the Council
  • COMMISSION STAFF WORKING DOCUMENT Accompanying the document COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE Alert Mechanism Report 2025 prepared in accordance with Article 3 of Regulation (EU) No 1176/2011 on the prevention and correction of macroeconomic imbalances
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the minimum content of the governance arrangements on the remuneration policy of issuers of significant asset-referenced or e-money tokens
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the data necessary for the classification of crypto-asset white papers and the practical arrangements to ensure that such data is machine-readable
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards to specify the criteria for determining the composition of the joint examination team ensuring a balanced participation of staff members from the ESAs and from the relevant competent authorities, their designation, tasks, and working arrangements
  • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the procedure and timeframe for an issuer of asset-referenced tokens or of e-money tokens to adjust the amount of its own funds
  • COMMISSION DECISION approving the Amendment Agreement N° 1 to the Agreement between the European Union and Banco Português de Fomento, S.A.
BANK FOR INTERNATIONAL SETTLEMENTS
  • Further BIS publications
  • Making Sense of Financial Vulnerability: Between Sensitivity, Resilience, and Exposure (Valentin Voith, Sandra Mauser)
  • How Do Global Shocks Affect Australia?
  • International finance through the lens of BIS statistics: the geography of banks’ operations
  • Targeted Taylor rules: monetary policy responses to demand- and supply-driven inflation
  • Monetary policy and housing markets: insights using a novel measure of housing supply elasticity
  • Large language models: a primer for economists
  • Domestic Effects of the Pandemic-Induced Container Freight Disruption in a Globalized World
  • Potential Growth in Japan: Issues on Its Relationship with Prices and Wages
  • Determinants of Price Markups at Japanese Firms and Implications for Productivity
  • Japan’s Economy and Prices over the Past 25 Years: Past Discussions and Recent Issues
  • Summary of CPMI-IOSCO workshops on climate risks for financial market infrastructures
  • Faster digital payments: global and regional perspectives
  • Fiscal stimulus plans and households’ expectations
  • A proposal for a retail central bank digital currency (CBDC) architecture
  • The macroeconomics of green transitions
  • Navigating liquidity stress: operational readiness for central bank support
  • Jan Frait: Twenty years of financial stability at the Czech National Bank
  • Kevin Greenidge: Micro, small, and medium-sized enterprises are the backbone of our economy
  • Isabel Schnabel: Navigating towards neutral
  • Claudia Buch: Results of the 2024 Supervisory Review and Evaluation Process (SREP) and the supervisory priorities for 2025-27
  • Gabriel Makhlouf: Protecting consumers
  • Rajeshwar Rao: Strengthening the Insolvency and Bankruptcy Code (IBC) framework for effective resolution
  • Philip R Lane: The euro area outlook and monetary policy
  • Ahmed Munawar: Speech – 2024 Annual Meetings of the IMF and the World Bank Group
  • Gediminas Šimkus: Pillars of resilience amid global geopolitical shifts
  • Gent Sejko: Bank of Albania’s achievements in 2024
  • Tiff Macklem: Delivering price stability – learning from the past, preparing for the future
  • Sarah Hunter: Shedding light on uncertainty – using scenarios in forecasting and policy
  • Michael Debabrata Patra: New frontiers in economic research
  • Eddie Yue: Opening remarks – Hong Kong Academy of Finance 5th Anniversary and Financial Leaders Programme Graduation Ceremony
  • Christian Kettel Thomsen: Risks related to geoeconomic fragmentation, cyber, and the green transition
  • Rosanna Costa: Presentation of the Financial Stability Report Second Half 2024
  • Jorgovanka Tabaković: The best investment in the future is investment in people, cooperation, and diversification
  • Jorgovanka Tabaković: Significant potential for mutual benefits
  • Toyoaki Nakamura: Economic activity, prices, and monetary policy in Japan
  • Gent Sejko: Albania’s economic outlook and the challenges
  • Martin Schlegel, Antoine Martin, Petra Tschudin: Introductory remarks by the Governing Board, Swiss National Bank news conference
  • Brad Jones: The future of the payments system
  • Kevin Greenidge: Enhancing regional cooperation across the Caribbean
  • Perry Warjiyo: Synergy to strengthen stability and national economic transformation
  • Yannis Stournaras: Ensuring Greece’s European path
  • Sharon Donnery: Financial regulation in a fragmenting world
  • François Villeroy de Galhau: Overcoming current challenges in public services
  • Denis Beau: Mastering AI in the financial sector – let us collectively rise the challenge!
  • David Ramsden: Getting the balance right – ensuring the Bank’s balance sheet can support financial stability
  • Andrew Hauser: The ghost of Christmas yet to come
  • Patrick Montagner: Learning from the past, preparing for the future
FINANCIAL STABILITY BOARD
  • FSB consults on recommendations to address financial stability risks arising from leverage in non-bank financial intermediation
  • FSB reports strong growth in non-bank financial intermediation in 2023
UK
  • Payment cycles: An update on the Future Roadmap for the RTGS service – speech by Victoria Cleland  at FinTech Connect
GERMANY
  • Recent publications by the German Bundesbank
  • Nagel: “We now have inflation well under control” | Interview with Focus
  • German balance of payments in October 2024
  • Banks’ foreign homes | Discussion paper 46/2024: Kirsten Schmidt, Lena Tonzer
  • Macroeconomic and financial effects of natural disasters | Discussion paper 45/2024: Sandra Eickmeier, Josefine Quast, Yves Schüler
  • The optimal inflation target: Bridging the gap between theory and policy | Discussion paper 44/2024: Klaus Adam, Henning Weber
  • The ECB’s climate activities and public trust | Discussion paper 43/2024: Sandra Eickmeier, Luba Petersen
  • What moves households’ expectations during a crisis? Evidence from a randomized information experiment | Discussion paper 42/2024: Norbert Metiu, Valentin Stockerl
  • Bundesbank-Vorstand erwartet 2025 “härtere Zeiten” für Banken | Interview mit dem Handelsblatt
  • Nagel: „Inzwischen haben wir den Preisanstieg gut im Griff“ | Interview mit Focus
  • Festrede anlässlich der Verabschiedung von Prof. Edgar Bohn | Verabschiedung von Prof. Edgar Bohn, Vorstandsvorsitzender des Badischen Gemeinde-Versicherungs-Verbands (BGV)
IMF
  • Europe Needs a Coordinated Approach to Industrial Policy
  • Further publications by the IMF
  • Country Report No. 2024/366 : Ukraine: Sixth Review Under the Extended Arrangement Under the Extended Fund Facility, Requests for Modification of a Performance Criterion, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Ukraine
  • Working Paper No. 2024/260 : Monetary Policy and Inflation Scares
  • Working Paper No. 2024/259 : Industrialization and the Big Push: Theory and Evidence from South Korea
  • Working Paper No. 2024/256 : The Urgency of Conflict Prevention – A Macroeconomic Perspective
  • Working Paper No. 2024/257 : A Confidence-Financial Inclusion Nexus in the Caucasus and Central Asia?
UNITED STATES
  • Federal Reserve issues Federal Open Market Committee (FOMC) statement
  • Federal Reserve Board and Federal Open Market Committee release economic projections from the December 17-18 FOMC meeting

 



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