On 14 October 2025, the European Banking Authority (EBA) published a report on white labelling.
Background
The EBA has a statutory duty to monitor and assess market developments, including technological innovation and innovative financial services. As part of the EBA’s 2024-25 priorities on innovative applications, the EBA is examining evolutions in the value
On 14 October 2025, there was published in the Official Journal of the EU (OJ), Regulation (EU) 2025/2075 of 8 October 2025 amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union. The Regulation enters into force on the twentieth day following its publication in OJ (3 November 2025).
On 13 October 2025, the European Securities and Markets Authority (ESMA) issued a Final Report on amendments to Commission Delegated Regulation (EU) 2018/1229 (the Regulatory Technical Standards (RTS) on settlement discipline) which supplements the Central Securities Depositories Regulation (CSDR).
Background
Regulation (EU) 2023/2845 (CSDR Refit) has made
On 10 October 2025, the European Securities and Markets Authority (ESMA) issued a red line version of its updated manual on post-trade transparency under MiFID II/MiFIR.
The updates to the manual reflect the changes in the revised MiFID II/MiFIR that were not affected by Level 2 measures.
In December 2024, ESMA submitted
On 10 October 2025, the European Securities and Markets Authority (ESMA) issued its second statement concerning the transition for the application of the MiFID II/MiFIR review.
ESMA issued its first statement on the MiFID II/MiFIR review on 27 March 2024 and the statement complements an interpretative notice issued by the European Commission (
On 9 October 2025, the European Securities and Markets Authority (ESMA) published a Consultation Paper on draft Regulatory Technical Standards (RTS) on the elements to be considered when central counterparties (CCPs) define participation requirements.
Regulation (EU) No 2024/2987 amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131
On 9 October 2025, the European System of Central Banks (ESCB) publicly reaffirmed its commitment to the updated FX Global Code (the Code).
All ESCB members, including the European Central Bank (ECB), have renewed their Statements of Commitment to the Code demonstrating their strong commitment to adhere to its principles when acting
On 8 October 2025, the European Banking Authority (EBA) issued a final report on Member State competent authorities’ (NCAs) approaches to the anti-money laundering and countering the financing of terrorism (AML/CFT) supervision of banks.
Background
The final report follows in-depth reviews that the EBA carried out on 40 NCAs’
On 6 October 2025, the European Commission (Commission) announced that it will not be adopting certain level 2 measures until after 1 October 2027. The level 2 measures are set out in an annex to a letter that the Commission has sent to the European Supervisory Authorities. Where empowerments have legal deadlines, the