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
Regulation Around the World – Issue 16: Basel 3.1 implementation
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
Published in OJ – Updated ITS on the joint decision process for internal model authorisation
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
Bail-in – BaFin issues revised circular
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
EBA consultation on guidelines on supervisory independence of competent authorities under Directive 2013/36/EU
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
EBA issues follow-up peer review report on the exclusion from the CVA risk of transactions with non-financial counterparties
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
Commission launches targeted consultation on FRTB
On 6 November 2025, the European Commission (Commission) launched a targeted consultation on the prudential framework for market risk for banks, the Fundamental Review of the Trading Book (FRTB).
The consultation is framed by the empowerment to the Commission under Article 461a of the Capital Requirements Regulation (CRR) and
EBA Final Report – Guidelines on environmental scenario analysis
On 5 November 2025, the European Banking Authority (EBA) published its final Guidelines on environmental scenario analysis, which complements the EBA Guidelines on the management of Environmental, Social and Governance (ESG) risks by specifying supervisory expectations regarding how institutions should conduct environmental scenario analysis.
Background
The Guidelines, like the Guidelines
EBA consults on guidelines on authorisation of third country branches
On 3 November 2025, the European Banking Authority (EBA) issued a consultation paper containing draft guidelines on the authorisation of third country branches in accordance with Article 48c(8) of the Capital Requirements Directive IV (as amended by Directive (EU) 2024/1619).
Scope
The draft guidelines are addressed to Member State competent authorities in charge
Basel Committee issues technical amendment regarding hedging of counterparty credit risk
On 28 October 2025, the Basel Committee on Banking Supervision issued a technical amendment to the Basel Framework which relates to the circumstance where a bank uses a guarantee or credit derivative to hedge the counterparty credit risk of a derivative exposure subject to the standardised approach to counterparty credit risk or the internal models