On 16 December 2025, the Single Resolution Board (SRB) published its Expectations on Valuation Capabilities following a consultation that took place between 2 April to 2 July 2025.
EU banks’ capabilities to produce data for valuations are addressed explicitly by Principle 5.2 of the SRB’s Expectations for Banks, which requires banks to have
On 12 December 2025, the European Central Bank (ECB) announced that it will be assessing 110 directly supervised banks on the management of geopolitical risk.
As a key driver of macroeconomic uncertainty, geopolitical risk remains at the centre of the ECB’s supervisory priorities for 2026-28.
Reverse geopolitical risk stress test
As part of
On 9 December 2025, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2025/2475 of 8 December 2025 amending the implementing technical standards laid down in Implementing Regulation (EU) 2024/3117 as regards operational risk supervisory reporting of institutions. The Implementing Regulation enters into force on the twentieth
In this latest issue of Regulation Around the World we look at how regulators have implemented the Basel 3.1 reforms, asking eight key questions in the following jurisdictions: United Kingdom, United States, EU, Luxembourg, France, Italy, Turkey, Netherlands, Australia, South Africa and the UAE. For European jurisdictions we add one further topical question outside of
On 21 November 2025, there was published in the Official Journal of the EU, Commission Implementing Regulation (EU) 2025/2338 of 20 November 2025 amending Implementing Regulation (EU) 2016/100 laying down implementing technical standards (ITS) specifying the joint decision process with regard to the application for certain prudential permissions pursuant to Regulation (EU) No
On November 13, 2025, the German regulator, the Federal Financial Supervisory Authority (BaFin), issued version 5 of its Circular MaBail-in in the context of the resolution of institutions. The aim is to improve the resolvability of institutions for which the application of a bail-in resolution tool is planned.
The circular is addressed to all institutions
On 12 November 2025, the European Banking Authority (EBA) published a consultation paper setting out draft guidelines on supervisory independence of competent authorities under Directive 2013/36/EU.
Background
Article 4a of Directive 2013/36/EU establishes new requirements applicable to Member State competent authorities (NCAs) and their members of staff and of their governance
On 6 November 2025, the European Banking Authority (EBA) issued a follow-up peer review report on the exclusion from the credit valuation adjustment (CVA) risk of transactions with non-financial counterparties established in a third country.
The report is a follow-up to the EBA’s 2023 peer review report on excluding transactions with