12/05/2023- C572 - ESMA Guidelines on CCP recovery plan scenarios (Article 9(12) of Regulation (EU) 2021/23 on a framework for the recovery and resolution of central counterparties (CCPRRR) 

CySEC reminds the regulated entities that ESMA has published the Guidelines on CCP recovery plan scenarios (Article 9(12) of CCPRRR) (the ‘Guidelines’) on March 24, 2023, translated in all official languages of the EU.
The objective of preparing the range of recovery plan scenarios is to identify a range of forward-looking events of severe distress, a CCP may face, against which the effectiveness of recovery measures and the adequacy of indicators contained in the CCP recovery plan can be tested. 

CySEC has adopted these Guidelines by incorporating them into its supervisory practices and regulatory approach.
 

C-572 - ESMA Guidelines on CCP recovery plan scenarios

05/05/2023 - Statistics on Interest Rates applied by Monetary Financial Institutions

The main developments in interest rates on new deposit and loan contracts, including contracts which were renegotiated, are summarized about Deposit Rates and Lending Rates.

Statistics on interest rates 

30/05/2023 - Monetary Financial Institutions (MFIs) Deposits and Loans Statistics

 The CBC has today released the MFIs deposits and loans statistics for the reference month of April 2023, which are included in the May 2023 edition of Monetary and Financial Statistics.

MFIs Deposits and Loan Statistics

31/05/2023 Financial stability outlook remains fragile, ECB review finds. 

The outlook for euro area financial stability remains fragile, in the context of recent banking stress outside the currency union. While economic conditions have improved slightly, uncertain growth prospects paired with persistent inflation and tightening financing conditions continue to weigh on the balance sheets of firms, households and governments. Furthermore, an unexpected deterioration in economic conditions or financial tightening could lead to disorderly price adjustments in either or both financial and real estate markets.

 Financial stability outlook

25/05/2023 - EBA propose ESG disclosures for STS securitisations

The three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) today jointly submitted to the European Commission Draft Regulatory Technical Standards (RTS) on the ESG impact disclosure for Simple, Transparent and Standardised (STS) securitisations under the Securitisation Regulation (SECR).  These final draft RTS aim to help market participants make informed decisions about the sustainability impact of their investments.

ESAs propose ESG disclosures for STS securitisations 

30/05/2023 - EBA consults on new RTS and ITS on supervisory colleges - 30 May 2023

EBA launched a public consultation on draft Regulatory Technical Standards (RTS) and draft Implementing Technical Standards (ITS) on the functioning of supervisory colleges under the Capital Requirements Directive (CRD). These new technical standards will ensure that the Level 2 framework for the functioning of supervisory colleges is better aligned with the Level 1 regulation and able to promote a more efficient and effective supervision of cross-border banking groups. The consultation runs until 30 August 2023.

EBA consults on new RTS and ITS on supervisory colleges

31/05/2023 - EBA consults on amendments to the Guidelines on money laundering and terrorist financing risk factors to include crypto-asset service providers 

EBA launched a public consultation on amendments to its Guidelines on money laundering and terrorist financing (ML/TF) risk factors. The proposed changes extend the scope of these Guidelines to crypto-asset service providers (CASPs). The consultation runs until 31 August 2023.

EBA amendments to the Guidelines on money laundering 

25/05/2023 - ESMA highlights risks arising from investment firms providing unregulated products and services.

ESMA issued a public statement to warn investors of risks that arise when investment firms offer both regulated and unregulated products and/or services.

ESMA’s statement aims to remind firms of the behaviours they are expected to adopt in such circumstances (e.g. disclosure, appropriate documentation) to make investors fully aware of the unregulated status of these products and services and of the fact that they may not benefit from the regulatory protections that apply to investments in a regulated product. 

In addition, ESMA recommends investment firms take into consideration the impact that their unregulated activities may have on the firm’s business activity as a whole when it comes to risk management systems and policies.

 ESMA highlights risks arising from investment firms;