On 16 December 2024, several documents relating to Regulation (EU) 2023/1114 on markets in crypto-assets (MiCAR) were published.
RTS specifying the procedure and timeframe for an issuer of ARTs or of EMTs to adjust the amount of its own funds
The European Commission (Commission) adopted a Delegated Regulation (EU) supplementing MiCAR
On 17 December 2024, the Financial Markets Standards Board (FMSB) published for consultation a Statement of Good Practice (SoGP) on the governance of sustainability-linked products (SLPs) in transparency draft. The SoGP seeks to codify good practices for the governance of SLPs and support the adoption of consistent governance approaches
On 17 December 2024, the European Banking Authority issued a no action letter stating that Member State competent authorities (NCAs) should not prioritise any supervisory or enforcement action in relation to the processing of applications for initial margin (IM) model authorisation received as a result of the entry into force of
On 17 December 2024, the European Central Bank (ECB) published the results of its Supervisory Review and Evaluation Process (SREP) for 2024 and its Supervisory Priorities 2025-27.
The key message from the SREP 2024 is that the euro area banking sector remained resilient in 2024. On average, banks maintained solid capital
On 17 December 2024, the Platform on Sustainable Finance, an advisory body to the European Commission, published a briefing note outlining how a categorisation system for sustainable finance products could be set up and calibrated. The Platform on Sustainable Finance will present the proposal in a webinar on 21 January 2025 from 13:00 to 14:00
On 16 December 2024, the European Banking Authority (EBA) issued its fourth report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges.
The report sets out findings and observations from EBA staff’s monitoring of AML/CFT colleges in 2023, which suggest that, overall, Member State competent authorities
On 18 December 2024, the Financial Stability Board (FSB) issued a consultation report on proposed policy recommendations to its members and standard setting bodies on leverage in non-bank financial intermediation (NBFI).
Entities in scope of the proposed recommendations are non-bank financial firms that use leverage, either financial or synthetic, including hedge
On 18 December 2024, the European Commission adopted Delegated Regulation (EU) supplementing the Regulation in markets in crypto assets with regard to regulatory technical standards (RTS) specifying the detailed content of information necessary to carry out the assessment of a proposed acquisition of a qualifying holding in an issuer of an asset-referenced token.
On 18 December 2024, the European Banking Authority (EBA) issued a final report on guidelines on templates to assist Member State competent authorities (NCAs) in performing their supervisory duties regarding issuers’ compliance under Titles III and IV of the Regulation on markets in crypto assets (MiCAR).
The guidelines are
On 18 December 2024, the European Central Bank and European Insurance and Occupational Pensions Authority issued a paper which proposes a possible EU-level solution to address the widening gap in natural catastrophe insurance protection in Europe. The paper analyses 12 existing national natural catastrophe insurance schemes and how they employ private and public funds to