On 17 January 2025, the European Supervisory Authorities (ESAs) issued a report on the feasibility of further centralisation in the reporting of major ICT-related incidents by financial entities according to Article 21 of the Digital Operational Resilience Act (DORA).
Article 21 DORA requires that the ESAs prepare a joint report assessing
DORA is now live, without any transitional provision.
A wide range of rules applicable for managing ICT risks, including risks linked to ICT third-party service providers, applies from today. DORA applies to nearly all financial entities in the EU, with very few exemptions for smaller institutions. For the first time, it also covers major unregulated
On 17 December 2024, the European Supervisory Authorities (ESAs) issued a summary report with the key findings from the 2024 dry run exercise on reporting the registers of information (RoI) under the Digital Operational Resilience Act (DORA).
Dry run
The primary objective of the dry run exercise was to
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 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 12 December 2024, the Bank for International Settlement’s Financial Stability Institute published a paper which explores the potential transformative impact of artificial intelligence (AI) on the financial sector. In summary, the paper notes that while AI exacerbates existing risks such as model risk and data privacy, it does not introduce fundamentally new
On 10 December 2024, there was published a letter from John Berrigan (Director General in the Directorate-General for Financial Stability, Financial Services and Capital Markets Union of the European Commission) to the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA). In the letter Mr Berrigan raises certain
On 4 December 2024, the European Supervisory Authorities (ESAs) issued a statement on the application of the Digital Operational Resilience Act (DORA).
The statement notes that DORA and its technical standards and guidelines will apply from 17 January 2025 and financial entities and third-party providers are called on to advance their
On 29 November 2024, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in crypto-assets (MiCAR) with regard to regulatory technical standards specifying the content and format of order book records for crypto-asset service providers operating a trading platform for crypto-assets.
Next steps
The Council of the EU and the