The European Central Bank (ECB) announced that Croatia is slated to join the euro area on January 01, 2023. The central bank also announced that the EC Regulation No 2866/98 is being amended to set a Croatian Kuna (HRK) conversion rate of 7.53450 per EUR, which will become effective on January 01, 2023. ECB and Hrvatska narodna banka (the Croatian National Bank) agreed to monitor developments in the HRK against EUR on the foreign-exchange market until January 01, 2023. ECB has been supervising Croatian banks since October 01, 2020, following the cooperation agreement between the ECB and Hrvatska narodna banka. ECB directly supervises eight significant institutions and oversees 15 less significant institutions in Croatia.
Keywords: Europe, EU, Croatia, Banking, Euro Adoption, Significant Institutions, Less Significant Institutions, Banking Supervision, European Council, Basel, Reporting, ECB
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The Australian Prudential Regulation Authority (APRA) has published the findings of its latest climate risk self-assessment survey conducted across the banking, insurance, and superannuation industries.
The French Prudential Supervisory Authority (ACPR) published a notice related to the methods for calculating and publishing prudential ratios under the Capital Requirements Directive (CRD IV) and the minimum requirement for own funds and eligible liabilities (MREL).
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A Consultative Group on Risk Management (CGRM) at the Bank for International Settlements (BIS) published a report that examines incorporation of climate risks into the international reserve management framework.
The European Banking Authority (EBA) published the final guidelines on liquidity requirements exemption for investment firms, updated version of its 5.2 filing rules document for supervisory reporting, and Single Rulebook Question and Answer (Q&A) updates in July 2022.
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The European Union published, in the Official Journal of the European Union, an opinion from the European Economic and Social Committee (EESC); the opinion is on the proposal for a regulation to amend the Capital Requirements Regulation (CRR).
HM Treasury published a draft statutory instrument titled “The Financial Services (Miscellaneous Amendments) (EU Exit) Regulations 2022,” along with the related explanatory memorandum and impact assessment.