Italy

It has now been four months since Legislative Decree No. 208 of 31 December 2025 (the “Decree“) was published in the Official Gazette, and a number of questions on material aspects remain unanswered.

By way of background, the Decree took effect the day after its publication – that is, 9 January 2026. It

On 10 April 2026, the European Banking Authority (EBA) published a decision (the Decision) (dated 1 April 2026) harmonising how national competent authorities (NCAs) report data under Regulation (EU) No 260/2012 (the SEPA Regulation).

Under Article 15(4) of the SEPA Regulation, NCAs should provide the European Commission and the

On 10 April 2026, the European Banking Authority (EBA) published two consultation papers in relation to simplifying the supervisory reporting framework under the Capital Requirements Regulation (CRR).

Revisions to the implementing technical standards (ITS) on supervisory reporting

The first consultation paper relates to the EBA supervisory reporting requirements that are currently

  • Delegated Regulation supplementing the Market Abuse Regulation (596/2014) (MAR): this delegated regulation relates to disclosures and amends the MAR disclosure regime by excluding intermediate steps in protracted processes from the disclosure obligation and by clarifies the conditions under which disclosure may

On 7 April 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published a report containing the technical specification for the calculation of criteria for small and non-complex undertakings (SNCUs) and groups (SNCGs).

Background

The Solvency II Directive (2009/138/EC), as amended by the Solvency II Amending Directive ((EU) 2025/2)

On 9 April, the European Banking Authority (EBA) published a consultation on revised Guidelines on limits on exposures to shadow banking entities carrying out banking activities outside a regulated framework. The EBA explained that the revised Guidelines aim to align with the updated EU large-exposure reporting framework and to support sound risk management

On 31 March 2026, the Eurosystem issued its payments strategy outlining its vision for the evolution of Europe’s payments amid rapid technological change.

The payments strategy complements the Eurosystem’s cash strategy and extends the Eurosystem’s retail payments strategy by covering wholesale, business-to-business and cross-border payments.

The Eurosystem takes a two-pronged approach to payments: it wants

On 30 March 2026, the German act transposing Directive 2024/1619 (CRD VI) into national law was published. The act is entitled Banking Directive Implementation and Bureaucracy Relief Act  (Bankenrichtlinienumsetzungs- und BürokratieentlastungsgesetzBRUBEG).

BRUBEG is a comprehensive reform that covers the implementation of the European rules set out in CRD VI

Many thanks to Frankfurt Main Finance and VIB – Association of International Banks in Germany for the opportunity to contribute to this 𝗙𝗼𝗼𝗱 𝗳𝗼𝗿 𝗧𝗵𝗼𝘂𝗴𝗵𝘁 video session!

It was a great discussion about the impact of CRD VI and BRUBEG on third-country banks seeking market access to the EU and Germany.

Here are the

On 30 March 2026, the European Banking Authority (EBA) issued a final report containing draft regulatory technical standards (RTS) on amending Delegated Regulation (EU) No 529/2014 supplementing the Capital Requirements Regulation (CRR) with regard to RTS for assessing the materiality of extensions and changes of the Internal Ratings Based