Fri. Apr 25th, 2025
euro, money, currency, clockwork
Insight EU Finance Monitoring. Photo by geralt on Pixabay

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FINANCIAL RISKS
  • EU Commission strengthens further the European Union’s financial risk management framework

SUSTAINABLE FINANCE
  • EU Commission simplifies rules on sustainability and EU investments, delivering over €6 billion in administrative relief
  • EU Commission: Questions and answers on simplification omnibus I and II
  • Remarks by Commissioners Dombrovskis and Albuquerque on the proposals to simplify rules on sustainability and EU investments
  • BETTER FINANCE Raises Concerns Over Proposed ‘Simplifications’ to EU Sustainability Legislation

ECB
  • The role of the digital euro in digital payments and finance – Contribution to Bancaria by Piero Cipollone, Member of the Executive Board of the ECB, based on remarks at the Crypto Asset Lab Conference
  • No longer convenient? Safe asset abundance and r* – Keynote speech by Isabel Schnabel, Member of the Executive Board of the ECB, at the Bank of England’s 2025 BEAR Conference
  • Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 29-30 January 2025
  • Further ECB documents
    • ECB Governing Council Press Conference – 6 March 2025
    • Letter from the ECB President to Ms Irene Tinagli, Mr Jonás Fernández, Ms Carla Tavares, Mr Nikos Papandreou, Ms Evelyn Regner, Mr Matthias Ecke, Ms Elisabetta Gualmini, Ms Camilla Laureti, Mr Thomas Bajada and Mr Bruno Gonçalves, MEPs, on the collateral framework for refinancing operations
    • Crypto-Asset Monitoring Expert Group (CAMEG) 2024 Conference – Book of abstracts
    • Report on card schemes and processors
    • The heterogeneous effects of household debt relief
    • Most EU countries rely on international card schemes for card payments, ECB report shows
    • Consolidated financial statement of the Eurosystem as at 21 February 2025
    • Monetary developments in the euro area: January 2025
    • ECB Consumer Expectations Survey results – January 2025
    • Isabel Schnabel: No longer convenient? Safe asset abundance and r*

ECB BANKING SUPERVISION
  • Further ECB Banking Supervision documents
  • List of supervised entities – Cut-off date 1 January 2025

DERIVATIVES MARKET
  • EU Commission launches a targeted consultation on commodity derivatives markets

AML / CFT / CPF
  • Financial Action Task Force (FATF) updates its AML/CFT/CPF Risk Lists

EBA
  • The EBA responds to the European Commission’s partial rejection of its technical standards on authorisation for issuers of asset-referenced tokens
  • The EBA finds progress in availability and accessibility of data used to identify and qualify environmental, social and governance risks but data landscape remains incomplete
  • The EBA consults to amend data collection for the 2026 benchmarking exercise
  • Further EBA publications
  • José Manuel Campa interview with Les Echos: Basel III is a good reform, we must go through with it
  • Consultation on amending ITS on benchmarking exercises
  • Upcoming EBA events
  • Public hearing on Regulatory Technical Standards on the calculation and aggregation of crypto exposure values
  • Workshop on the interplay between PSD 2 and MiCAR
  • Public hearing on Guidelines on ESG scenario analysis
  • Board of Supervisors meeting
  • Ongoing EBA consultations
  • Consultation on Regulatory Technical Standards that specify material changes and extensions to the Internal Ratings Based approach
  • Consultation on Regulatory Technical Standards on the calculation and aggregation of crypto exposure values
  • Consultation on Guidelines on ESG scenario analysis

    ESMA
    • Klaus Löber’s speech at the Sixth Joint Conference on CCP Risk Management, 25 February 2025
    • ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments
    • ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments
    • Further publications by ESMA
    • Artificial intelligence in EU investment funds: adoption, strategies and portfolio exposures
    • List of firms that have met the obligations under Article 69 or Article 70 of the European Green Bonds Regulation
    • Ongoing ESMA Consultations

    ECMI
    • Adjusting the EU’s Regulatory Process and Supervisory Structures
    • The EU’s sustainability rollback is a retreat disguised as simplification – European Capital Markets Institute

    EIB
    • EIB Group activity in the Western Balkans in 2024
    • EIB Group activity in Cyprus in 2024
    • EIB Group activity in Slovenia in 2024

    EU PARLIAMENT REGISTER
    • Newsletters – 2025 – Committee on Economic and Monetary Affairs
    • Draft agenda – Monday, 3 March 2025 – PE770.050v01-00 – Committee on Economic and Monetary Affairs
    • Hearings – Annual hearing with the Chairpersons of the European Supervisory Authorities (ESAs) – 14-10-2024 – Committee on Economic and Monetary Affairs
    • Hearings – Public Hearing on the future of the Capital Markets Union (CMU) – 16-01-2025 – Committee on Economic and Monetary Affairs
    • Hearings – Public Hearing on “Financial services for women, and by women” – 04-12-2024 – Committee on Economic and Monetary Affairs
    • Highlights – Public Hearing with Dominique Laboureix, Chair of the Single Resolution Board – Committee on Economic and Monetary Affairs
    • Subject files – Reports voted in ECON – Committee on Economic and Monetary Affairs
    • REPORT on the European Semester for economic policy coordination 2025 – A10-0022/2025
    • DRAFT REPORT on the proposal for the appointment of a member of the Single Resolution Board – PE770.018v01-00
    • DRAFT REPORT on the proposal for the appointment of a member of the Single Resolution Board – PE770.019v01-00
    • DRAFT REPORT on the proposal for the appointment of the Vice-Chair of the Single Resolution Board – PE770.020v01-00
    • Briefing – Public hearing with Dominique Laboureix, Single Resolution Board Chair – 3 March 2025 – PE 764.355 – Committee on Economic and Monetary Affairs
    • Minutes – Wednesday, 29 January 2025 – PE768.110v01-00 – Committee on Economic and Monetary Affairs

    EU COUNCIL REGISTER
    • CM 1769 2025 INIT – Informal Videoconference (Financial Services) (Digital Euro)
    • CM 1830 2025 INIT – Meeting of the Antici Group (Simplification)
    • ST 15342 2024 INIT – COUNCIL DIRECTIVE amending Directive 2006/112/EC as regards VAT rules for the digital age
    • ST 15343 2024 INIT – COUNCIL REGULATION amending Regulation (EU) No 904/2010 as regards the VAT administrative cooperation arrangements needed for the digital age
    • ST 15344 2024 INIT – COUNCIL IMPLEMENTING REGULATION amending Implementing Regulation (EU) No 282/2011 as regards information requirements for certain VAT schemes
    • ST 6304 2025 INIT – VAT in the Digital Age package: – Council Directive amending Directive 2006/112/EC as regards VAT rules for the digital age – Council Regulation amending Regulation (EU) No 904/2010 as regards the VAT administrative cooperation arrangements needed for the digital age – Council Implementing Regulation amending Implementing Regulation (EU) No 282/2011 as regards information requirements for certain VAT schemes = Adoption
    • ST 6516 2025 INIT Council Regulation (EU) 2025/395 of 24 February 2025 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine
    • ST 6521 2025 INIT – Council Decision (CFSP) 2025/394 of 24 February 2025 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine
    • ST 6537 2025 INIT – Council Regulation (EU) 2025/398 of 24 February 2025 amending Regulation (EU) 2022/263 concerning restrictive measures in response to the illegal recognition, occupation or annexation by the Russian Federation of certain non-government controlled areas of Ukraine
    • ST 6386 2025 INIT – COUNCIL DECISION amending Protocol No 5 on the Statute of the European Investment Bank Adoption
    • ST 6620 2025 INIT – COMMISSION DELEGATED REGULATION (EU) …/… of 27.2.2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying records to be kept of all crypto-asset services, activities, orders and transactions undertaken
    • ST 6621 2025 INIT – COMMISSION DELEGATED REGULATION (EU) …/… of 27.2.2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council with regard to regulatory technical standards specifying the requirements for policies and procedures on conflicts of interest for crypto-asset service providers and the details and methodology for the content of disclosures on conflicts of interest
    • ST 6623 2025 INIT – COMMISSION DELEGATED REGULATION (EU) …/… of 27.2.2025 supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council as regards regulatory technical standards specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens
    • CM 1771 2025 INIT – Meeting of the members of the Financial Services Committee
    • ST 6427 2025 INIT Council Directive (EU) 2022/2523 of 14 December 2022 on ensuring a global minimum level of taxation for multinational enterprise groups and large-scale domestic groups in the Union

    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 specifying records to be kept of all crypto-asset services, activities, orders and transactions undertaken
    • 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 requirements for policies and procedures on conflicts of interest for crypto-asset service providers and the details and methodology for the content of disclosures on conflicts of interest
    • COMMISSION DELEGATED REGULATION (EU) …/… supplementing Regulation (EU) 2023/1114 of the European Parliament and of the Council as regards regulatory technical standards specifying the requirements for policies and procedures on conflicts of interest for issuers of asset-referenced tokens
    • COMMISSION IMPLEMENTING REGULATION (EU) …/… amending for the 345th time Council Regulation (EC) No 881/2002 imposing certain specific restrictive measures directed against certain persons and entities associated with the ISIL (Da’esh) and Al-Qaida organisations
    • Germany – Prior guidance
    • COMMISSION IMPLEMENTING REGULATION (EU) …/… amending the implementing technical standards laid down in Commission Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions to be applied in the Union for the reporting referred to in Article 78(2) of Directive 2013/36/EU of the European Parliament and of the Council
    • Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements
    • Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting and due diligence requirements
    • CORRIGENDUM to COMMISSION DELEGATED REGULATION (EU) …/… of 16.12.2024 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 (C(2024) 8740 final)
    • 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 documents Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives 2006/43/EC, 2013/34/EU, (EU) 2022/2464 and (EU) 2024/1760 as regards certain corporate sustainability reporting and due diligence requirements Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements and specifying further steps
    • COMMISSION IMPLEMENTING DECISION on the eligibility of the bilateral loan between Ukraine and the United Kingdom

      BANK FOR INTERNATIONAL SETTLEMENTS
      • How far can digital innovation improve credit to small firms in emerging market economies?
      • Abdul Rasheed Ghaffour: Transforming banking and advancing sustainability
      • Michael S Barr: Managing financial crises
      • Michael S Barr: Risks and challenges for bank regulation and supervision
      • Yannis Stournaras: Euro area challenges in an uncertain geopolitical landscape
      • Olli Rehn: Hearing of the Committee on Economic and Monetary Affairs of the European Parliament
      • Zeljko Jović: Overview of recent monetary and macroeconomic trends in Serbia
      • Denis Beau: New payments landscape, but old challenges for central banks?
      • Ryozo Himino: An economy with positive interest rates
      • Anna Breman: How trade barriers affect the Swedish economy and inflation
      • Tiff Macklem: Tariffs, structural change and monetary policy
      • Philip N Jefferson: Reading between the lines? Textual analysis of central bank communications
      • Michele Bullock: Opening statement – House of Representatives Standing Committee on Economics
      • Adriana D Kugler: Navigating inflation waves – a Phillips Curve perspective
      • Gabriel Makhlouf: Building economic resilience
      • Paolo Angelini: Data science in central banking
      • A Neoclassical Model of the World Financial Cycle
      • Monetary Policy and the Great COVID-19 Price Level Shock
      • Estimating the Volume of Counterfeit U.S. Currency in Circulation
      • Research in Commotion: Measuring AI Research and Development through Conference Call Transcripts
      • Geopolitics Meets Monetary Policy: Decoding Their Impact on Cross-Border Bank Lending
      • Regulating Bank Portfolio Choice Under Asymmetric Information
      • The effect of ending the pandemic-related mandate of continuous Medicaid coverage on health insurance coverage
      • Foundational Processes and Growth

      IMF
      • Short-term Policy Responses to Geoeconomic Shocks in CESEE Countries
      • IMF Blog: How AI Can Help Both Tax Collectors and Taxpayers
      • IMF and Ukrainian Authorities Reach Staff Level Agreement on the Seventh Review of the Extended Fund Facility (EFF) Arrangement
      • Further IMF publications
      • IMF Managing Director Kristalina Georgieva’s Statement at the Conclusion of the First Meeting of the G20 Finance Ministers and Central Bank Governors
      • IMF Executive Board Concludes 2024 Article IV Consultation with India
      • IMF Executive Board Concludes Annual Discussions on CEMAC Common Policies and Common Policies in Support of Member Countries Reform Programs
      • North Macedonia: Staff Concluding Statement of the 2025 Article IV Mission
      • How AI Can Help Both Tax Collectors and Taxpayers
      • Public Investment Management in Low-income Developing Countries

      GERMANY
      • Pro-cyclical emissions, real externalities, and optimal monetary policy | Discussion paper 04/2025: Francesco Giovanardi, Matthias Kaldorf
      • Sabine Mauderer: Presentation of the Deutsche Bundesbank’s Annual Report 2024
      • Joachim Nagel: Presentation of the Deutsche Bundesbank’s Annual Report 2024

      SPAIN
      • Banco de España Working Papers
      • Occasional Papers. Agent-based modeling at central banks: recent developments and new challenges

      UNITED STATES
      • Managing Financial Crises – Speech by Vice Chair for Supervision Barr on financial stability

       

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