(Only in Italian)
(Only in Italian)
(Only in Italian)
Pubblicato nella Gazzetta Ufficiale n. 75 del 30 marzo 2022 il decreto del Ministero dell’economia e delle finanze del 24 marzo 2022 di rilevazione dei tassi di interesse effettivi globali medi (TEGM) ai fini della legge sull’usura, per il periodo di rilevazione dal 1° ottobre – 31 dicembre 2021.
A partire dal 1° aprile e fino al 30 giugno 2022, ai fini della determinazione degli interessi usurari i tassi riportati nella tabella indicata nel presente decreto devono essere aumentati di un quarto, cui si aggiunge un margine di ulteriori 4 punti percentuali.
La differenza tra il limite e il tasso medio non può essere superiore a otto punti percentuali.
ICMA’s European Repo and Collateral Council (ERCC) has published the updated version of its Guide to Best Practice in the European Repo Market.
The Guide provides recommended practices, conventions and clarifications aimed at supporting the orderly trading and settlement of repos.
The latest version introduces a number of new and updated guidelines aimed at addressing issues that have emerged since the last publication in March 2021.
In particular, the new edition introduces a number of updates on trading, margining and repo lifecycle managing that were agreed by the ERCC Best Practice Working Group and subsequently approved by the ERCC Committee.
The Guide provides recommended practices, conventions and clarifications aimed at supporting the orderly trading and settlement of repos.
The latest version introduces a number of new and updated guidelines aimed at addressing issues that have emerged since the last publication in March 2021.
In particular, the new edition introduces a number of updates on trading, margining and repo lifecycle managing that were agreed by the ERCC Best Practice Working Group and subsequently approved by the ERCC Committee.
Published in the Official Journal of European Union of 30 March 2022:
- the Regulation (EU) 2022/504 of the European Central Bank of 25 March 2022 amending Regulation (EU) 2016/445 on the exercise of options and discretions available in Union law;
- Guidelines (EU) 2022/508 of the European Central Bank of 25 March 2022 amending Guideline (EU) 2017/697 of the European Central Bank on the exercise of options and discretions available in Union law by national competent authorities in relation to less significant institutions.
Most of the changes relate to options and discretions in the application of the liquidity requirements and in particular, the authorisation of capital reduction requests by banks, the treatment of certain exposures in the calculation of the leverage ratio as well as some exemptions from the limits on large exposures.
The amendments have been adopted taking into account the changes introduced by CRR II and CRD V.
The amendments have been adopted taking into account the changes introduced by CRR II and CRD V.
The total amount of annual supervisory fees for 2021 shall be EUR 577 462 903.
Each category of supervised entities and supervised groups shall pay the following total amount of annual supervisory fees:
- significant supervised entities and significant supervised groups: EUR 546 085 119;
- less significant supervised entities and less significant supervised groups: EUR 31 377 783.
The European Central Bank (ECB) has adopted an opinion on the proposed amendment to Regulation (EU) No 575/2013 (CRR) as regards the requirements for credit risk, credit assessment adjustment risk, operational risk, market risk and the output floor.
ECB notes that the proposed amendments to the CRR are closely linked to another proposal on which ECB received a consultation request, namely a proposal for a Directive of the European Parliament and
of the Council amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, environmental, social and governance risk.
ECB welcomes the Commission’s proposals, which implement the outstanding Basel III reforms in the EU, reinforce the EU Single Rulebook and enhance the prudential framework for credit institutions in various areas.
The proposed reforms, ECB emphasises, are of crucial importance for the EU’s financial stability and international credibility. Consistent implementation of these reforms serves to underline the EU’s commitment to international financial cooperation, thereby helping to strengthen the functioning of the global financial system and confidence in EU banks.
ECB emphasises that there are a number of risks that need to be adequately addressed, in particular:
ECB notes that the proposed amendments to the CRR are closely linked to another proposal on which ECB received a consultation request, namely a proposal for a Directive of the European Parliament and
of the Council amending Directive 2013/36/EU as regards supervisory powers, sanctions, third-country branches, environmental, social and governance risk.
ECB welcomes the Commission’s proposals, which implement the outstanding Basel III reforms in the EU, reinforce the EU Single Rulebook and enhance the prudential framework for credit institutions in various areas.
The proposed reforms, ECB emphasises, are of crucial importance for the EU’s financial stability and international credibility. Consistent implementation of these reforms serves to underline the EU’s commitment to international financial cooperation, thereby helping to strengthen the functioning of the global financial system and confidence in EU banks.
ECB emphasises that there are a number of risks that need to be adequately addressed, in particular:
- the prudential treatment of real estate exposures
- the credit risk of un-rated corporates; and
- counterparty risk, equity exposures and operational risk.
ESMA makes recommendations to issuers and auditors to improve future financial and non-financial reports, by assessing how issuers comply with International Financial Reporting Standards (IFRS) and non-financial reporting obligations and adhere to ESMA’s recommendations.
The Report, with the aim of promoting investor protection, provides transparency and accountability to the market with an overview of the activities carried out by ESMA and enforcers on financial and non-financial information.
