Fintech

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

On 2 December 2024, there was published in the Official Journal of the EU Commission Implementing Regulation (EU) 2024/2956 of 29 November 2024 laying down implementing technical standards for the application of the Regulation on digital operational resilience for the financial sector (DORA) with regard to standard templates for the register of information.

On 28 November 2024, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in cryptoassets (MiCAR) containing regulatory technical standards (RTS) specifying the manner in which crypto-asset service providers (CASPs) operating a trading platform for crypto-assets are to present transparency data.

Background

Article 76 of MiCAR

On 28 November 2024, Commission Implementing Regulation (EU) 2024/2902, which lays down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council (MiCAR) with regard to reporting related to asset-referenced tokens and to e-money tokens denominated in a currency that is not an official

On 27 November 2024, Commission Implementing Regulation (EU) 2024/2545 of 24 September 2024, which lays down implementing technical standards for the application of Regulation (EU) 2023/1114 of the European Parliament and of the Council (MiCAR) with regard to standard forms, templates and procedures for the cooperation and exchange of information between competent

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On 19 November 2024, the International Organization of Securities Commissions (IOSCO) issued a new roadmap to enhance retail investor online safety.

The first wave of the roadmap comprises of three consultation reports:

  • Consultation report on Finfluencers. The consultation report explores the evolving landscape of finfluencers, the associated potential benefits and risks, and

On 15 November 2024, the European Supervisory Authorities issued a Decision on the information that Member State competent authorities (NCAs) must report to them for the designation of critical ICT third-party service providers under the Digital Operational Resilience Act (DORA). In particular, the Decision requires NCAs to report by 30 April

On 14 November 2024, the Financial Stability Board (FSB) issued a report on the financial stability implications of artificial intelligence (AI).

High-level overview

The report provides a high-level overview of recent developments in AI, along with an assessment of their potential financial stability implications. It revisits the 2017 FSB report on