On 30 July 2026, the Single Resolution Board (SRB) published Operational Guidance for banks on Business Reorganisation Plan Analysis Reports alongside a complementary quantitative template.
The document sets out operational guidance for institutions to consider when implementing the expectations regarding business reorganisation plan analysis reports and when producing business reorganisation plans. Depending on
On 24 July 2026, the Financial Ombudsman Service (FOS) issued its response to HM Treasury’s (HMT) Call for Evidence for the Access to Banking Review.
The Call for Evidence for the Independent Review into Access to Banking Services will gather evidence on the impact of changes to in-person banking services and
On 23 July 2026, the European Banking Authority (EBA) issued four consultation papers on technical standards and guidelines under the revised Deposit Guarantee Schemes Directive (DGSD3). Under DGSD3, the EBA is mandated to develop 12 technical standards and guidelines, the first four of which have now been published for consultation.
Consultations
This latest briefing note outlines the recent European Commission communication on competitiveness of the EU banking sector and the financial reforms that may be included as part of the forthcoming EU Banking Package expected in early 2027.
On 17 July 2026, the European Commission (the Commission) adopted a communication on strengthening the competitiveness of the EU banking sector.
Background
The Commission emphasises that it considers that a competitive banking sector is essential to finance growth, innovation, strategic autonomy and the EU’s major investment needs and sets out that this communication is
On 16 July 2026, the European Banking Authority (EBA) published the official translations of its amended guidelines on the application of the definition of default required under Article 178 of the Capital Requirements Regulation (CRR), as amended by CRR III. The final report on the guidelines had been published in May
On 17 July 2026, the European Banking Authority (EBA) published its final report on draft regulatory technical standards (RTS) and draft implementing technical standards (ITS) on new supervisory tools relating to material operations under Capital Requirements Directive (EU) 2024/1619 (CRD VI), amending Capital Requirements Directive 2013/36/EU (CRD), which introduced
On 17 July 2026, the European Banking Authority (EBA) published a consultation paper on draft implementing technical standards (ITS) amending Commission Implementing Regulation (EU) 2016/2070 in relation to the benchmarking of internal models.
Article 78 of Capital Requirements Directive (CRD) IV requires national competent authorities (NCAs) to conduct an
On 14 July 2026, the Prudential Regulation Authority (PRA) published a consultation paper setting out its proposal to delete the Continuity of Provision of Services Chapter in the Ring-fenced Bodies Part of the PRA Rulebook, make certain consequential changes to that Part, and amend associated material in supervisory statement (SS) 8/16.
On 14 July 2026, the Prudential Regulation Authority (PRA) published a policy statement (PS16/26) in relation to rule changes rule changes to accommodate HM Treasury’s (HMT’s) Overseas Prudential Requirements Regime (OPRR).
Background
CP3/26 set out proposed amendments to the PRA Rulebook and Statement of Policy (SoP) 5/15 to accommodate