Thu. Sep 19th, 2024

Insight EU Future of Finance Monitoring – February 2022

Mar 4, 2022 ,
FINANCIAL SANCTIONS: RUSSIA, BELARUS
  • Russia’s military aggression against Ukraine: EU bans certain Russian banks from SWIFT system and introduces further restrictions
  • Press remarks by Executive-Vice President Dombrovskis at the informal video conference of economy and finance ministers
  • U.S. Treasury prohibits transactions with Russia’s Central Bank, National Wealth Fund, and Finance Ministry
  • Switzerland adopts EU sanctions against Russia – background and details
  • Belarus: EU imposes sanctions on 22 more individuals and sharpens trade restrictions
  • Mastercard Statement on financial sanctions against Russia
EURO AREA
  • The ECB playbook for monetary policy decisions – Speech by Philip R. Lane
  • MEPs commemorate 20 years of euro bank notes and coins
  • 20th anniversary of the entry into circulation of euro banknotes and coins: Speech by ECB President Christine Lagarde at the European Parliament
BANKING SUPERVISION
  • EBA publishes annual assessment of banks’ internal approaches for the calculation of capital requirements
  • EBA updates methodology for assessing third country equivalence of regulatory and supervisory frameworks
PAYMENT SERVICES
  • EBA publishes final Guidelines on the limited network exclusion under the Payment Services Directive
RISK SENSITIVITY
  • EBA responds to ESRB recommendation on identifying legal entities
  • EBA workshop: Tackling unwarranted de-risking: lessons learnt and next steps
  • EBA issues an Opinion on the European Commission’s proposed amendments to the EBA final draft technical standards on fixed overheads requirements
CAPITAL STRUCTURE
  • IMF Working Paper: Determinants and Effects of Countries’ External Capital Structure: A Firm-Level Analysis
DIGITAL EURO
  • Eurogroup statement: The digital euro will complement euro coins and banknotes
  • Digital Euro at the Eurogroup, 25 February 2022
CBDC
  • The Future of Money: Gearing up for Central Bank Digital Currency – By Kristalina Georgieva, IMF Managing Director
DIGITAL CURRENCIES
  • ITU: Towards a common understanding of digital currency
ROLE OF THE US DOLLAR
  • IMF Working Paper No. 2022/028 : Dollar Invoicing, Global Value Chains, and the Business Cycle Dynamics of International Trade
CRYPTO ASSETS
  • EP DRAFT REPORT on the proposal for a regulation of the European Parliament and of the Council on information accompanying transfers of funds and certain crypto-assets
DIGITAL FINANCE
  • The ESAs want to adapt the EU’s regulatory and supervisory framework to the digital age
CROWDFUNDING
  • EU Commission urges AUSTRIA and ROMANIA to update national laws exempting entities authorised under the Regulation on European Crowdfunding service providers
CREDIT POLICIES
  • EP DRAFT REPORT on the proposal for a directive of the European Parliament and of the Council on consumer credits
INVESTOR PROTECTION
  • Hellas 2022: A New Era of Investor Protection, Sustainability & Pension Reform in Greece
FINANCIAL CRIMES
  • FinCEN’s Rapid Response Program Aids in Recovering More Than $1.1B Since Inception
AML/CTF
  • EBA concludes its Luanda leaks investigation and points to significant differences in competent authorities’ responses to emerging money laundering and terrorist financing risks
  • EBA launches today ‘EuReCA’, the EU’s central database for anti-money laundering and counter-terrorism financing
  • ST 5746 2022 INIT AML Regulation: Proposal for a Regulation of the European Parliament and of the Council on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing – list of working papers (WK) distributed between 1 July and 31 December 2021
  • ST 5767 2022 INIT AML Directive: Proposal for a Directive of the European Parliament and of the Council on the mechanisms to be put in place by the Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing and repealing Directive (EU) 2015/849 – list of working papers (WK) distributed between 1 July and 31 December 2021
  • ST 5768 2022 INIT AML Agency Regulation: Proposal for a Regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010 – list of working papers (WK) distributed between 1 July and 31 December 2021
  • ST 5769 2022 INIT AML Transfer of funds Regulation: Proposal for a Regulation of the European Parliament and of the Council on information accompanying transfers of funds and certain crypto-assets (recast) – list of working papers (WK) distributed between 1 July and 31 December 2021
  • AML BRIEFS: U.S. Federal Reserve Board announces $20.4 million penalty against the National Bank of Pakistan, a foreign bank operating in the United States and headquartered in Pakistan, for anti-money laundering violations
ILLICIT FINANCE RISKS
  • Illicit Finance Risks: FinCEN proposes rule for suspicious activity report sharing pilote
  • FinCEN Announces Extension of the Comment Period for its Real Estate Advance Notice of Proposed Rulemaking
  • #SuisseSecrets: SP erwirkt erste Anhörungen
  • EU-Abgeordneter Rasmus Andresen (Grüne/EFA) Suisse-Secrets-Affäre zeigt: Bankenaufsicht muss verbessert werden!
TAXONOMY
  • EU Taxonomy: EU Commission complements Climate Delegated Act for gas and nuclear energy
  • EU taxonomy for sustainability: Summary and further links
SUSTAINABLE FINANCE
  • ESMA prioritises the fight against greenwashing in its new Sustainable Finance Roadmap
  • MEPs discuss the future of corporate sustainability reporting with Commissioner McGuinness
  • Credit Ratings: ESMA Finds High Level Of Divergence In Disclosure Of ESG Factors
  • ESMA launches call for evidence on environmental, social and governance ratings
  • ST 5766 2022 INIT International Platform on Sustainable Finance (IPSF) – meetings – List of WKs published in 2021
  • AmCham EU Position paper – Corporate reporting – improving its quality and enforcement
RESERVE BANKS
  • Federal Reserve Board invites public comment on transparency of reserve banks
EU COMMISSION REGISTER
  • Documents of the Directorate-General for Economic and Financial Affairs in February 2022
  • COMMUNICATION TO THE COMMISSION – COMMUNICATION FROM COMMISSIONER GENTILONI TO THE COMMISSION IN AGREEMENT WITH EXECUTIVE VICE-PRESIDENT DOMBROVSKIS on the positive preliminary assessment of the first payment request of Italian Republic pursuant to Regulation (EU) 2021/241
  • COMMUNICATION TO THE COMMISSION – COMMUNICATION FROM COMMISSIONER GENTILONI TO THE COMMISSION IN AGREEMENT WITH EXECUTIVE VICE-PRESIDENT DOMBROVSKIS on the positive preliminary assessment of the first payment request of the Hellenic Republic pursuant to Regulation (EU) 2021/241
  • COMMISSION IMPLEMENTING DECISION on the authorisation of the disbursement of the first instalment of the non-repayable support for France
  • COMMUNICATION FROM THE COMMISSION – Enhanced Surveillance Update – Greece, February 2022
  • COMMUNICATION FROM THE COMMISSION – Enhanced Surveillance Update – Greece, February 2022
  • Commission opinion in accordance with Article 19 of the Statute of the European Investment Bank
  • COMMISSION DECISION on the financing of Directorate General for Economic and Financial Affairs’ activities and adoption of a corresponding annual work programme for 2022
  • Commission opinion in accordance with Article 19 of the Statute of the European Investment Bank
  • Commission Decision – SURE addendum to loan agreement
  • COMMISSION IMPLEMENTING DECISION on the prolongation of enhanced surveillance for Greece
  • Commission opinion in accordance with Article 19 of the Statute of the European Investment Bank
  • COMMUNICATION TO THE COMMISSION Communication from Executive Vice-President Dombrovskis in agreement with the President 2020 Annual Report of the Governor of the EBRD representing the European Union to the European Parliament
  • Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on providing macro-financial assistance to Ukraine
  • COMMISSION STAFF WORKING DOCUMENT ex-ante evaluation statement Accompanying the document Proposal for a DECISION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on providing macro-financial assistance to Ukraine
  • Commission opinion in accordance with Article 19 of the Statute of the European Investment Bank
  • Commission opinion in accordance with Article 19 of the Statute of the European Investment Bank

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