Updates

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has issued its annual European Common Enforcement Priorities ("ECEP") Statement for 2024 corporate reporting.  In 2025, ESMA and European enforcers will prioritize Internation Financial Reporting Standards (“IFRS”) financial statements, focusing on liquidity, consistency of accounting policies, and transparency of estimates and judgments. They will also evaluate sustainability statements for materiality under the European Sustainability Reporting Standards ("ESRS"), ensuring clarity and compliance with Article 8 of the Taxonomy Regulation.

On 3 October , the three European Supervisory Authorities (European Banking Authority ("EBA"), European Insurance and Occupational Pensions Authority ("EIOPA"), European Securities and Markets Authority ("ESMA") - collectively referred to as "ESAs") – organised the 11th edition of their annual Consumer Protection Day, in Budapest.

The European Banking Authority ("EBA") published its final Guidelines on the orderly redemption of token holders in case of crisis of the issuer.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has launched two consultations on transaction reporting and order book data under the Markets in Financial Instruments Regulation ("MiFIR") Review.

The Financial Conduct Authority ("FCA") is stepping in to better protect customers when payments and e-money firms go out of business. Use of payments firms has grown in recent years, but the FCA says it continues to see poor safeguarding practices from firms.

The three European Supervisory Authorities ("EBA, EIOPA and ESMA" or "ESAs") issued their Autumn 2024 Joint Committee Report on risks and vulnerabilities in the EU financial system.

Recognising the vital role that the regulator plays in enabling new financial services firms’ ability to meet regulatory standards to get off the ground, the Financial Conduct Authority has improved its authorisation process.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, publishes its second risk monitoring report of 2024, setting out the key risk drivers currently facing EU financial markets.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published the translations in all official EU languages of its Guidelines on funds’ names using ESG or sustainability-related terms.

The European Banking Authority ("EBA") published final amendments to its Regulatory Technical Standards ("RTS") on the fundamental review of the trading book ("FRTB").

The European Banking Authority (“EBA”) published its final draft Implementing Technical Standards (ITS), amending the Implementing Regulation on the benchmarking of credit risk, market risk and IFRS9 models for the 2025 exercise.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published the new quarterly liquidity assessment of bonds and the data for the quarterly systematic internaliser calculations for equity, equity-like instruments, bonds and for other non-equity instruments under MiFID II and MiFIR.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published an Opinion on the Sustainable Finance Regulatory Framework, setting out possible long-term improvements.

The three European Supervisory Authorities (European Banking Authority ("EBA"), European Insurance and Occupational Pensions Authority ("EIOPA"), European Securities and Markets Authority ("ESMA") - collectively referred to as "ESAs") published the second batch of policy products under the Digital Operational Resilience Act ("DORA").

The three European Supervisory Authorities (European Banking Authority ("EBA"), European Insurance and Occupational Pensions Authority ("EIOPA"), European Securities and Markets Authority ("ESMA") - collectively referred to as "ESAs") published a joint report following their workshop on the use of behavioural insights by supervisory authorities in their day-to-day oversight and policy work.

The European Banking Authority ("EBA") issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets.

The European Banking Authority ("EBA") published an updated Report on the monitoring of Additional Tier 1 ("AT1"), Tier 2 and total loss absorbing capacity ("TLAC") as well as the minimum requirement for own funds and eligible liabilities ("MREL") instruments of European Union ("EU") institutions.

EBA published its final draft Regulatory Technical Standards ("RTS") on the conditions for assessing the materiality of model extensions and changes, as well as changes to the subset of modellable risk factors, applicable under the Fundamental Review of the Trading Book ("FRTB") rules.

The European Banking Authority ("EBA") publishes the package of technical standards and guidelines under Regulation (EU) 2023/1114 on Markets in Crypto-assets ("MiCAR") on prudential matters, namely own funds, liquidity requirements, and recovery plans. These products are part of the EBA’s ongoing efforts to foster a well-regulated market for asset-referenced and e-money tokens in the EU.

The European Banking Authority ("EBA") has been actively working on shaping the regulatory landscape for crypto assets by publishing three regulatory products on governance, conflicts of interest and remuneration under Markets in Crypto-Assets Regulation ("MiCAR").

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, issued a statement providing initial guidance to firms using Artificial Intelligence technologies ("AI") when they provide investment services to retail clients.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, is launching a public consultation on proposed changes to the rules for position management controls and position reporting.

Following the public statement of 14 December 2023, the European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published the final report containing Guidelines on funds’ names using Environmental, Social, and Governance ("ESG") or sustainability-related terms.

The European Securities and Markets Authority (''ESMA''), the EU’s financial markets regulator and supervisor, has published its latest edition of the Spotlight on Markets Newsletter.

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, has published the results of the annual transparency calculations for non-equity instruments, new quarterly liquidity assessment of bonds and the quarterly systematic internaliser calculations under MiFID II and MiFIR.

EBA launched a public consultation on its draft Regulatory Technical Standards ("RTS") on the method for identifying the main risk driver and determining whether a transaction represents a long or a short position.

The European Supervisory Authorities (European Banking Authority ("EBA"), European Insurance and Occupational Pensions Authority ("EIOPA") and European Securities and Markets Authority ("ESMA") - (''ESAs'')  launched a public consultation on the draft Regulatory Technical Standards (''RTS'') on the conduct of oversight activities in relation to the joint examination teams under the Digital Operational Resilience Act (''DORA'').

The European Securities and Markets Authority ("ESMA"), the EU’s financial markets regulator and supervisor, is publishing the fourth edition of its Report on the Quality and Use of Data aiming to provide transparency on how the data collected under different regulations is used systematically by authorities in the EU, and clarifying the actions taken to ensure data quality.

The European Banking Authority ("EBA") published its Q4 2023 quarterly Risk Dashboard ("RDB"), which discloses aggregated statistical information for the largest EU/EEA institutions.

Every year on April 7^th, World Health Day is observed worldwide, serving as an opportunity to raise awareness about pressing health issues and mobilize efforts to address them. As we celebrate World Health Day, World Health Organization (WHO) has chosen a theme that resonates deeply with the essence of its founding principles: "My Health, My Right. “This theme serves as a powerful reminder that health is not merely a privilege for a fortunate few, but a fundamental human right for all individuals, irrespective of their background, socioeconomic status, or geographical location.