Reg Round Up: installment 0
European Banking Authority
02 May 2023 - EBA makes supervisory reporting requirements easier to navigate
As part of its drive for more proportionate regulatory reporting framework, the European Banking Authority (EBA) has issued the first version of an interactive signposting tool, that aims at supporting institutions in identifying relevant modules and templates for their reporting requirements.
28 April 2023 - EBA updates data on deposit guarantee schemes across the European Economic Area
The European Banking Authority (EBA) published end-2022 data related to two key concepts and indicators in the Deposit Guarantee Schemes Directive (DGSD), namely available financial means (AFMs) and covered deposits. The EBA publishes these data for the deposit guarantee scheme (DGS) in each Member State on a yearly basis to enhance the transparency and public accountability of DGSs across the EEA to the benefit of depositors, markets, policymakers, DGSs and Members States.
27 April 2023 - EBA publishes draft version of its revised taxonomy architecture
The European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA) have been working jointly with Eurofiling to produce a revised version of the taxonomy architecture in order to implement the improvements introduced by data point model (DPM) Refit to data point modelling, such as the historisation of certain concepts. The revisions also simplify the structure by removing unnecessary artefacts, such as normative codes for taxonomy frameworks.
ESMA
10 May 2023 - ESMA postpones to 2024 the annual IFRS amendment of the ESEF
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has decided to postpone to 2024 the amendment of the European Single Electronic Format (ESEF) Regulatory Technical Standard (RTS). This decision is in part due to the limited changes in the 2023 update to the International Financial Reporting Standards (IFRS) Taxonomy. Throughout 2023, ESMA will monitor the implementation of the ESEF requirements, assess how to improve digital reporting and develop the ESEF sustainability taxonomy and requirements.
28 April 2023 - ESMA publishes the annual transparency calculations for non-equity instruments, bond liquidity data and quarterly SI calculations
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has started to publish the results of the annual transparency calculations for non-equity instruments, new quarterly liquidity assessment of bonds and the quarterly systematic internaliser calculations under MiFID II and MiFIR.
European Commission
27 April 2023 - Intellectual property: harmonised EU patent rules boost innovation, investment and competitiveness in the Single Market
The Commission has proposed new rules to help companies, especially small and medium-sized companies (SMEs), make the most of their inventions, leverage new technologies and contribute to the EU's competitiveness and technological sovereignty
Bank of England
12 May 2023 - Asset Purchase Facility: corporate bond sales programme – Market Notice 12 May 2023
This supplementary Market Notice describes the Bank of England’s updated operational approach for the programme of sales of corporate bonds held in the Asset Purchase Facility (APF). The changes to auction structure will take effect in the week beginning 15 May 2023.
11 May 2023 - PS5/23 – Risks from contingent leverage
This Prudential Regulation Authority (PRA) policy statement (PS) provides feedback to responses to consultation paper (CP) 12/22 – Risks from contingent leverage. It also contains the PRA’s final policy
11 May 2023 - Bank Rate increased to 4.5% - May 2023
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 10 May 2023, the MPC voted by a majority of 7–2 to increase Bank Rate by 0.25 percentage points, to 4.5%. Two members preferred to maintain Bank Rate at 4.25%
Deutsche BundesBank Euro System
02 May 2023 - April results of the Bank Lending Survey in Germany
The German banks responding to the Bank Lending Survey (BLS) tightened their credit standards for loans to enterprises, loans to households for house purchase, and consumer credit and other lending in the first quarter of 2023. The adjustments were less restrictive than in the fourth quarter of 2022 and matched the plans announced in the previous quarter relating to loans to enterprises and loans to households for house purchase. The banks justified the tightening in all loan categories primarily on the grounds of higher credit risk.
Financial Conduct Authority
03 May 2023 - Improvements to equity secondary markets
The changes are part of the Wholesale Markets Review, which have been conducting alongside government. FCA is tailoring their rules to better suit UK markets and to promote competition and growth. FCA previously consulted on rule changes for secondary markets, including on the transparency regime for equity markets.