ESMA has published its Final Report on the increase of the commodity derivatives EMIR clearing threshold (CT), and proposes to increase the CT from EUR 3 billion to EUR 4 billion.

The Final Report considers:
  • the need for structural changes in the way the CTs should be calculated (i.e., distinguishing between cleared vs. non-cleared transactions rather than between ETD and OTC);
  • the time that it will take for these changes to be effective; and
  • the exceptional circumstances that non-financial counterparties (NFCs) are facing.
EBA has published phase 2 of version 3.2 of its reporting framework.
The technical package supports the implementation of the updated reporting framework by providing standard specifications and includes the validation rules, the Data Point Model (DPM) and the XBRL taxonomies for version 3.2.

In particular, the updated technical package supports the amendments to supervisory benchmarking and resolution reporting, with reference dates as of September 2022 and December 2022 respectively. The package also includes some technical amendments on minimum requirement for own funds and eligible liabilities (MREL) and funding plans reporting, and updates for the reporting of one single module covering the Consolidated/Individual and IFRS/GAAP old approach.
The  DPM Query Tool has also been updated to reflect the current release.
EIOPA has published the technical information on the symmetric adjustment of the equity capital charge for Solvency II with reference to the end of May 2022.
EIOPA has published technical information on the relevant risk free interest rate term structures (RFR) with reference to the end of May 2022.