ESMA has published a fresh overview of how national competent authorities across the EU are lining up behind its Guidelines on Enforcement of Sustainability Information (GLESI), the framework first issued in July 2024 to bring consistency to the supervision of corporate sustainability disclosures.
The European Insurance and Occupational Pensions Authority (EIOPA) has submitted draft amendments to two Implementing Technical Standards (ITS), governing supervisory reporting and public disclosure under the Solvency II framework, to the European Commission.
Yesterday Brussels fired the starting gun on a new phase of capital-markets integration across Europe. The Commission’s “market integration and supervision” package is explicitly aimed at enlarging Europe’s capital markets that are presently too small and fragmented to finance significant economic transitions at scale or to compete with the depth and liquidity of larger markets.
The European Banking Authority (EBA) updated its overview of how national authorities across the EU are supervising banks and investment firms under the CRD V and IFD frameworks. This Q4 2024 update offers a comparative look at supervisory practices without imposing extra reporting burdens on institutions.
Supervision is moving to the centre of Europe’s financial debate. Speaking at the Eurofi Forum in Copenhagen, Martin Moloney, Deputy Secretary General of the Financial Stability Board, warned that “weak supervision is becoming even more of a core risk and wise supervision is a strategic opportunity.”
The European Central Bank (ECB) has set out its plans to simplify banking supervision without compromising resilience.
Earlier this month the European Supervisory Authorities (EBA, EIOPA and ESMA) jointly published a guide to oversight under the Digital Operational Resilience Act (DORA), laying out how they will supervise critical third-party ICT providers (CTPPs).
The UK Financial Conduct Authority (FCA) continues its crusade against regulatory red tape. On 6 June, the regulator proposed cutting down additional regulatory returns, aiming to ease the reporting load on firms and bolster economic growth.
The Basel Committee on Banking Supervision (BCBS) has published an updated version of its Core Principles for Effective Banking Supervision – the first update in 14 years. The new Core Principles address emerging supervisory challenges, regulatory developments, and risk mitigation, including those related to digitalisation and climate change.
The European Banking Authority (EBA) has announced substantial amendments to the reporting requirements for market risk, largely in recognition of the EU’s Fundamental Review of the Trading Book (FRTB). The updates are designed to align reporting standards with evolving market dynamics and regulatory frameworks.
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