In the latest episode of our EMEA insights series, Michael Born from our Frankfurt office discusses recent communications from the German regulator on MiCA and the CRD 6. He also covers BaFin’s recent Annual Press Conference where the regulator discussed adjusting its own supervisory practice wherever possible to create more flexibility for small and medium
Germany
EBA publishes final technical standards on operational risk capital requirements and related supervisory reporting
- Regulatory technical standards (RTS) on the components of the business indicator under Article 314(9)(a) of the Capital Requirements Regulation (CRR) and
Council approves decision to maintain certain bank liquidity rules
On 13 June 2025, the Council of the EU issued a press release which stated that it had adopted targeted changes to EU liquidity rules for the banking sector.
Changes
The changes, set out in a draft Regulation amending the Capital Requirements Regulation (CRR) as regards requirements for securities financing transactions under the…
ESMA’s principles for third-party risk supervision
On 12 June 2025, the European Securities and Markets Authority (ESMA) published principles on third-party risks supervision.
The 14 principles on third-party risks have been developed to address the growing risks observed over recent years in the use of outsourcing, delegation or other types of third-party services by supervised firms. They take…
Commission adopts technical standards for consolidated tapes
- Commission Delegated Regulation supplementing MiFIR with regard to regulatory technical standards (RTS) on the authorisation and organisational requirements for
Commission proposes to postpone by one additional year the market risk prudential requirements under Basel III
On 12 June 2025, the European Commission (Commission) adopted a Delegated Regulation that postpones by one additional year – until 1 January 2027 – the date of application of the one remaining part of the Basel III international standards in the EU – the Fundamental Review of the Trading Book (FRTB).…
Commission updates list of high-risk countries presenting strategic deficiencies in their national AML/CFT regimes
On 10 June 2025, the European Commission (Commission) adopted a Delegated Regulation which amends Delegated Regulation (EU) 2016/1675.
Delegated Regulation 2016/1675 is provided for under the Fourth Money Laundering Directive (4MLD) identifying third countries that have strategic deficiencies in their anti-money laundering (AML) and countering the financing of terrorism…
Commission Delegated Regulation amending Delegated Regulation (EU) No 876/2013 supplementing EMIR as regards changes to the functioning and management of colleges for CCPs
On 11 June 2025, the European Commission adopted a Delegated Regulation amending Delegated Regulation (EU) No 876/2013 supplementing the European Market Infrastructure Regulation (EMIR) as regards changes to the functioning and management of colleges for central counterparties (CCPs).
The Delegated Regulation makes limited amendments to Commission Delegated Regulation (EU) No 876/2013…
Commission call for evidence – Recommendation on savings and investment accounts
On 10 June 2025, the European Commission (Commission) issued a call for evidence for a Recommendation on savings and investment accounts.
The call for evidence is part of the Savings and Investments Union strategy and contributions to it will be taken into account by the Commission when drafting its Recommendation on establishing savings…
SRB dry run to assess the EU’s banking crisis management
On 5 June 2025, the Single Resolution Board announced that it will be running a simulation of the collapse of a major bank to test the EU’s crisis management systems.
The scenario has been developed in secrecy and the central theme involves the failure of a systemically important bank with operations in multiple countries including…