Events listed in European Union
Commission Delegated Regulation (EU) 2023/2830 laying down rules on the timing, ...
ID 26399
New Commission Delegated Regulation (EU) 2023/2830 as regards the timing, administration, and other aspects of the auctioning of emission allowances under Directive 2003/87/EC, which establishes a system for greenhouse gas emission allowance trading within the European Union, was published in the Official Journal (OJ) of the EU. The regulation covers a wide range of provisions aimed at ensuring the fairness, transparency, and integrity of ...
Shortening the settlement cycle
ID 26398
EFAMA supports a timely transition to a T+1 settlement cycle for Europe in response to the ESMA Call for Evidence (eventid=23184). EFAMA acknowledges the imminent move to T1 in the US (eventid=19797, eventid=24191) and emphasizes the need for a dynamic roadmap that can be adapted based on lessons learned from the US migration. The document highlights the **potential impacts of moving to T+1 or ...
ESMA updates the parameters and methodology for MMF stress testing
ID 26396
ESMA has released a Final Report on Guidelines on stress test scenarios under the MMF Regulation. The update includes changes in methodology to simulate hypothetical liquidity changes in MMF portfolios and an annual calibration of risk parameters. The adjustments are based on stakeholder feedback and introduce parameters reflecting liquidity stress in the money market and a new risk factor representing the additional cost of ...
ESMA presents methodology for climate risk stress testing and analysis of the ...
ID 26395
ESMA has published two articles addressing critical aspects of sustainable finance. The first article outlines a methodology for dynamically modeling the impact of climate-related shocks on the investment fund sector. It focuses on asset price shocks, investor flows, and portfolio rebalancing, aiming to assess the overall direction and sequencing of these effects. The dynamic modeling is a part of ESMA’s mandate from the EC ...
Technical standards / LMT combinations under the revised ELTIF regulation
ID 26394
ESMA finalises technical standards under the revised ELTIF regulation ESMA has finalized the draft RTS for the ELTIF regulation. The draft covers various aspects, including the compatibility of ELTIF life cycles with individual asset life cycles, features of the redemption policy, use of matching mechanisms, and costs disclosure. ESMA considered feedback from 23 stakeholders in its consultation (eventid=21373), leading to proposed amendments.In terms of ...
Council Regulation (EU) 2023/2877 concerning restrictive measures in view of the ...
ID 26390
New Council Regulation (EU) 2023/2877 as regards sanction measures „in view of the situation in Syria“ was published in the Official Journal (OJ) of the EU. The regulation modifies Council Regulation (EU) No 36/2012 relating to same issue, specifically Article 16a of the 2012 regulation, to **extend the permission for otherwise prohibited (financial) transactions to enable continuous humanitarian aid in the country following the ...
Adverse scenario for the 2023 European Securities and Markets Authority’s money ...
ID 26389
The European Systemic Risk Board, ESRB, has issued a statement to inform of and published the adverse scenarios and latest guidelines for performing the next EU-wide money market fund stress test. The scenarios were developed by the ESRB’s Task Force on Stress Testing in cooperation with the European Central Bank (ECB) and ESRB Secretariat and were recently sent to ESMA for application. ##### *In ...
Opinion of the European Systemic Risk Board of 10 October 2023 on the Swedish ...
ID 26371
The European Systemic Risk Board (ESRB) has published an opinion that was drawn up by the Board on October 10, 2023 as regards the continued application of stricter national measures of the Swedish supervisory authority Finansinspektionen (FI) in connection with the use of internal models for credit risk assessment for certain credit exposures. Specifically, Finansinspektionen had applied for extending its minimum risk-weight floor requirement ...
Recommendation of the European Systemic Risk Board of 13 November 2023 regarding ...
ID 26367
The European Systemic Risk Board (ESRB) has issued a new recommendation regarding a notification of the Portuguese Central Bank, Banco de Portugal, of its intention to set a sectoral systemic risk buffer rate (sSyRB) in accordance with Article 133 of Directive 2013/36/EU, the Capital Requirements Directive IV (CRD IV). Specifically, Banco de Portugal has notified the ESRB of its plan to set a 4% ...
New consolidated version: Council Regulation (EC) No 881/2002 imposing restrictive ...
ID 26366
A new consolidated version of Council Regulation (EC) No 881/2002 with respect to sanction measures directed against persons and entities associated with ISIL (Da’esh) and Al-Qaida was published in the Official Journal (OJ) of the EU. The consolidated version contains the amendments made by Commission Implementing Regulation (EU) 2023/2670 which modified Annex I of the 2002 Regulation containing a list of sanctioned parties to ...