As the competent authorities for the supervision of Italian central counterparties (CCPs), Consob and Bank of Italy have informed ESMA of their intention to comply with the “Guidelines on the consistent application of the triggers for the use of Early Intervention Measures (Article 18(8) of the CCPRRR)”, the “Guidelines on the application of the circumstances under which a CCP is deemed to be failing or likely to fail (Article 22(6) of the CCPRRR)” and the “Guidelines further specifying the circumstances for temporary restrictions in the case of a significant non-default event in accordance with Article 45a of EMIR”, issued by ESMA, by incorporating them into their respective supervisory practices
(Only in Italian)
IVASS has published the Statistical Bulletin Year XI – n. 2 – February 2024
EBA has published a consultation on two set of draft Regulatory Technical Standards (RTS) and one Implementing Technical Standard aiming to clarify the composition of the new business indicator at the heart of the operational risk capital requirements calculation, mapping the business indicator items to financial reporting (FINREP) items and highlighting possible adjustments to the business indicator in case of specific operations
The consultation will end on 21 May 2024.
EIOPA has published today its first shocked risk-free interest rate term structures (RFR).
These term structures are used to calculate the “Option-adjusted” duration of technical provisions to be reported in the context of the Guidelines for reporting for financial stability purposes.
EIOPA will update the term structures and publish them twice a year on its website.
The next update will be on July 2024.