France

On 30 December 2025, there was published in the Official Journal of the EU, Commission Notice on the application of the sustainable finance framework and the Corporate Sustainability Due Diligence Directive to the defence sector. The Notice is intended to help market operators ensure compliance with the requirements of the EU sustainable finance framework in…

On 14 January 2026, the European Securities and Markets Authority (ESMA) issued a thematic note on sustainability-related claims, focusing on ESG strategies.

The thematic note contains four principles for making sustainability claims to ensure that all claims are clear, fair, and not misleading and thereby avoid the risk of greenwashing. The principles do…

On 13 January 2026, the European Securities and Markets Authority (ESMA) issued a Final Report containing updated guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation).

The MMF Regulation provides that ESMA shall develop guidelines with a view to establishing common reference parameters of the stress test…

On 14 January 2026, the Financial Conduct Authority, Bank of England and Prudential Regulation Authority signed a Memorandum of Understanding (MoU) with the European Supervisory Authorities to enhance cooperation and oversight of critical third parties (CTPs) that fall under the UK’s CTP regime. The MoU establishes a framework for coordinating and…

On 13 January 2026, the European Securities and Markets Authority (ESMA) announced that it had adopted a new Digital Strategy and updated its Data Strategy.

Data Strategy

The Data Strategy 2023–2028 has been updated to reflect the focus on burden reduction, the evolving technological landscape, and ESMA’s desire for unlocking efficiency opportunities. While…

On 13 January 2026, the G7 Cyber Expert Group (G7 CEG) issued a statement on advancing a coordinated roadmap for the transition to post-quantum cryptography in the financial sector. The statement follows an earlier statement that the G7 CEG issued in September 2024 which highlighted the benefits and risks associated with quantum computing.…

On 12 January 2026, the International Regulatory Strategy Group (IRSG) published a report mapping how jurisdictions are approaching artificial intelligence (AI) in financial services. The report identifies where global coherence is emerging and outlining practical steps for policymakers and regulators to promote the safe and responsible innovation of AI.

Key findings…

On 9 January 2026, the European Banking Authority (EBA) issued a report on the completeness and appropriateness of the definitions and provisions on consolidation under Article 18(10) of the Capital Requirements Regulation (CRR).

The EBA states that the report is the first comprehensive assessment of the EU regulatory framework on prudential…

On 9 January 2026, the European Banking Authority (EBA) issued a report on prudential consolidation and the final guidelines on ancillary services undertakings (ASU) under the Capital Requirements Regulation (CRR).

The EBA has prepared the report in accordance with the mandate given to it under Article 18(10) of the…

On 9 January 2026, the European Banking Authority (EBA) issued a final report containing final draft Regulatory Technical Standards (RTS) specifying the booking arrangements that third-country branches are to apply for the purposes of Article 48h of the Capital Requirements Directive IV (CRD IV), as amended by the Capital…