Wed. Sep 18th, 2024

Insight EU Finance Monitoring Weekly: 22 – 26 July 2024

Aug 2, 2024
euro, money, currency
Insight EU Finance Monitoring. Photo by geralt on Pixabay

27 July 2024

JULY INFRINGEMENT PACKAGE
  • EU Commission calls on 9 Member States to complete the transposition into national law of amendments to the Bank Recovery and Resolution Directive.
  • EU Commission calls on SPAIN to guarantee internal market freedoms in national supplementary pension schemes
  • EU Commission calls on HUNGARY to correctly transpose into national law the Anti-Money Laundering Directive
  • EU Commission calls on SPAIN and PORTUGAL to complete the implementation of the Regulation on pan-European Personal Pension Product
  • EU Commission calls on SWEDEN to empower the Swedish Financial Supervisory Authority to prohibit trading on a regulated market in case of breaches of the Transparency Directive
  • EU Commission calls on SWEDEN to correctly transpose the new rules for the reporting of sustainability information by companies introduced by the Corporate Sustainability Reporting Directive
  • EU Commission calls on 12 Member States to complete the transposition into national law of the Directive on credit servicers and credit purchasers
DEFICIT PROCEDURES
  • Stability and growth pact: EU Council launches excessive deficit procedures against seven member states
BASEL III
  • EU Commission proposes to postpone by one year the market risk prudential requirements under Basel III in the EU
  • Banking package: Moving forward with the implementation of the Basel standards, while preserving the international level playing field
RUSSIAN FROZEN ASSETS
  • First transfer of €1.5 billion of proceeds from immobilised Russian assets made available in support of Ukraine today
  • Questions and Answers on first transfer of €1.5 billion of proceeds from immobilised Russian assets made available to Ukraine
SUSTAINABLE FINANCE
  • ESMA sets out its long-term vision on the functioning of the Sustainable Finance Framework
  • EIB projects drive major net emissions reductions, annual Sustainability Report shows
ECB
  • ECB Consumer Expectations Survey results – June 2024
  • Interview with Europa Press: Luis de Guindos, Vice-President of the ECB, conducted by Sergio Rivas
  • The ECB blog on repo markets: Understanding the effects of a declining Eurosystem market footprint
  • ECB concludes cyber resilience stress test
  • A ECB key priority: Enhancing banks’ resilience against cyber threats
  • Further documents published by the ECB
  • Euro area economic and financial developments by institutional sector: first quarter of 2024
  • Payments statistics: second half of 2023
  • Monetary developments in the euro area: June 2024
  • Payments statistics: second half of 2023
  • Bail-in in action
  • Firms’ heterogeneous (and unintended) investment response to carbon price increases
  • Toss a stablecoin to your banker – Stablecoins’ impact on banks’ balance sheets and prudential ratios
  • Inflation preferences
  • Does IT help? Information technology in banking and entrepreneurship
ASSET REGISTRY
  • Feasibility study for a European asset registry in the context of the fight against money laundering and tax evasion
NORWAY
  • Financing change: Norway’s experience in sharing wealth
DORA – DIGITAL RESILIENCE 
  • ESAs published joint Final report on the draft technical standards on subcontracting under DORA
EIOPA
  • Publication of Taxonomy 2.9 for Pension Funds Hotfix
  • Update on Taxonomy 2.8 Deactivation and List of Known Issues – June Update
EBA
  • The EBA extends the existing Joint Committee Guidelines on complaints handling to credit servicers
EU COUNCIL REGISTER
  • CM 3736 2024 INIT – Council Decisions related to the excessive deficit procedure COUNCIL DECISIONS on the existence of an excessive deficit in Belgium, France, Hungary, Italy, Malta, Poland and Slovakia COUNCIL DECISION establishing that no effective action has been taken by Romania in response to the Council Recommendation of 18 June 2021 Outcome of written procedure initiated by CM 3735/24
  • CM 3857 2024 INIT – Working Party on Tax Questions (Direct Taxation)
  • ST 12379 2024 INIT – Ecofin report to the European Council on an Article 126(8) Decision
  • ST 12630 2024 INIT – COMMISSION DELEGATED REGULATION (EU) …/… of 19.7.2024 supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity
  • ST 12630 2024 ADD 1 – ANNEX to the COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity
  • ST 12630 2024 ADD 2 – ANNEX to the COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2015/760 of the European Parliament and of the Council with regard to regulatory technical standards specifying when derivatives will be used solely for hedging the risks inherent to other investments of the European long-term investment fund (ELTIF), the requirements for an ELTIF’s redemption policy and liquidity
  • ST 12634 2024 INIT – ESMA Opinion – Sustainable investments: Facilitating the investor journey – a holistic vision for the long term (ES MA36-1079078717-2587)
  • ST 12445 2024 INIT – COUNCIL OF THE EUROPEAN UNION (Economic and Financial Affairs)
  • CM 3735 2024 INIT  – Council Decisions related to the excessive deficit procedure COUNCIL DECISIONS on the existence of an excessive deficit in Belgium, France, Hungary, Italy, Malta, Poland and Slovakia COUNCIL DECISION establishing that no effective action has been taken by Romania in response to the Council Recommendation of 18 June 2021 Initiation of written procedure
  • ST 12164 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in Belgium
  • ST 12166 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in France
  • ST 12167 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in Hungary
  • ST 12169 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in Malta
  • ST 12170 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in Poland
  • ST 12171 2024 INIT – COUNCIL DECISION on the existence of an excessive deficit in Slovakia
  • ST 12463 2024 INIT – COMMISSION DELEGATED REGULATION (EU) …/… of 24.6.2024 correcting the Polish language version of Delegated Regulation (EU) 2015/35 supplementing Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II)
EU PARLIAMENT REGISTER
  • Briefing – Council position on the CMDI reform- An initial analysis regarding key aspects of the proposed bank crisis management framework – PE 755.737 – Committee on Economic and Monetary Affairs
  • In-Depth Analysis – Euro area monetary policy: Quarterly overview, July 2024 – PE 760.232 – Committee on Economic and Monetary Affairs
  • Election of Chairs and Vice-Chairs of committees and subcommittees – Committee on Economic and Monetary Affairs
EU COMMISSION REGISTER
  • COMMISSION IMPLEMENTING DECISION amending Commission Implementing Decision (C2023) 9290 of 22.12.2023 on the authorisation of the disbursement of the third and fourth instalment of the non-repayable support and the third and fourth instalment of the loan support for Portugal
  • 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 Italy
  • COMMISSION IMPLEMENTING DECISION on the partial suspension of the disbursement of the fifth instalment of the non-repayable support for Italy
  • COMMUNICATION TO THE COMMISSION on the intention to reject and further adopt with amendments the draft Commission Implementing Regulation supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to implementing technical standards on standard templates for the register of information
  • COMMISSION OPINION in accordance with Article 19 of the Statute of the European Investment Bank
  • COMMISSION DELEGATED REGULATION (EU) …/… amending Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to the date of application of the own funds requirements for market risk
  • REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL Half-yearly report on the implementation of borrowing, debt management and related lending operations pursuant to Article 13 of Commission Implementing Decision C(2023)8010 1 January 2024 – 30 June 2024
BIS BRIEFS
  • Derville Rowland: Industry briefing on Markets in Crypto-Asset Regulation
  • Crypto exchange tokens
  • Granular data: new horizons and challenges
  • Derville Rowland: Building trust in central banks and regulatory authorities
  • Gent Sejko: Albania’s participation process in the Single Euro Payments Area
  • The changing geography of global capital flows
  • Trade and Inequality in an Overlapping Generations Model with Capital Accumulation
  • Average inflation targeting: how far to look into the past and the future?
  • Loss-given-default and macroeconomic conditions
  • Dissecting the Great Retirement Boom
  • HANK faces unemployment
  • The impact of ECB Banking Supervision on climate risk and sustainable finance
  • Pandemic Layoffs and the Role of Stay-At-Home Orders
  • The Effect of Primary Dealer Constraints on Intermediation in the Treasury Market
  • Geographic shareholder dispersion and mutual fund flow risk
  • The impact of macroeconomic and monetary policy shocks on the default risk of the euro-area corporate sector
  • Mortgage lending and bank involvement in the insurance business: the effects of cross-selling
  • Mom’s out: employment after childbirth and firm-level responses
  • Financial inclusion transitions in Peru: does labor informality play a role?
  • Counterfactual Simulation of the Effect of Large-Scale Monetary Easing on Japan’s Financial System
  • Unequal Climate Policy in an Unequal World
IMF BRIEFS
  • Public Perceptions of Canada’s Investment Climate
  • Climate Policies and External Adjustment
  • Capital Controls on Outflows: New Evidence and a Theoretical Framework
  • Public Spending Pressures in the UK: United Kingdom
  • Monetary Policy Issues in the UK: United Kingdom
  • Republic of Lithuania: 2024 Article IV Consultation-Press Release; and Staff Report
  • Republic of Lithuania: Selected Issues
  • Italy: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy
  • Italy: Selected Issues
  • Germany: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Germany
  • Germany: Selected Issues
  • United States: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the United States
USA
  • U.S. Agencies remind banks of potential risks associated with third-party deposit arrangements and request additional information on bank-fintech arrangements

 

We publish the headlines of our Insight EU Monitoring mails delayed by several days. To receive real-time monitoring emails, subscribe to our annual target group full-text services on the Insight EU Store page:

 

 

 

If you need tailored regulatory monitoring services that focus on specific policy areas, institutions, or topics, please contact Insight EU without hesitation at sales@ieu-monitoring.com or follow one of the links below:

     

     

     

    • FAQs for further information

     

    Forward to your friends