Consob has ordered to be blacked out the following websites:

The number of websites blacked out since July 2019 has thus risen to 651.

ESMA has published its peer review report on the supervision of cross-border activities of investment firms.

ESMA identifies in the peer review the need for National Competent Authority (NCA) to significantly improve their approach in the authorisation, ongoing supervision and enforcement work, relating to investment firm’s cross border activities. This includes calibrating their supervisory work to the nature, scale and complexity of those firms’ cross-border activities and the risks they pose.

ESMA, based on the peer review findings, identified that home NCAs’ supervision is not sufficiently effective when it comes to their firms’ cross-border activities: NCAs covered by the peer review did not specifically, adequately and structurally consider firms’ cross-border activities in their supervision. In particular, NCAs did not sufficiently identify, assess and monitor the risks related to firms’ cross-border activities or take supervisory actions to effectively address those risks.

ESMA has published the Guidelines o n common procedures and methodologies on supervisory review and evaluation process of CCPs under Article 21 of EMIR.

The objectives of these Guidelines are to establish consistent, efficient and effective supervisory practices within the ESFS and to ensure the common, uniform and consistent application of Article 21 of EMIR.

In particular, these guidelines seek to assist competent authorities in the application of the EMIR provisions in the context of performing the review and evaluation of central counterparties by further specifying common procedures and methodologies in order to ensure consistency in the format, frequency and depth of these reviews and evaluations.

EBA has published  phase 1 of its 3.2 reporting framework.

The technical package supports the implementation of the reporting framework by providing  standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for version 3.2. The phase 2 and 3 of the same framework will be published in Q2 and Q3 of this year. The EBA also published a revised list of validation rules for the reporting frameworks currently in use.

Phase 1 of the technical package covers the new reporting requirements that include the amendments to the following supervisory reporting frameworks: common reporting (COREP) on own funds, additional liquidity monitoring metrics (ALMM), net stable funding ratio (NSFR), asset encumbrance, global systemically important institutions (G-SII) reporting and Investment Firms).

The new reporting requirements are expected apply from December 2022.

EIOPA has published the results of its yearly study on the modelling of market and credit risk in internal models.

Moreover EIOPA launched another year-end 2021 survey on 14 January 2022, the results of which will be published in early 2023.