On 27 March 2026, the European Commission (Commission) issued a press release stating it is taking action against several EU Member States that have failed to notify it of measures they have adopted to transpose EU Directives into their national laws.
The Commission decided to open infringement procedures by sending a letter of
On 27 March 2026, there was published in the Official Journal of the EU, a Corrigendum to Regulation (EU) 2025/1355 of the European Central Bank of 2 July 2025 on oversight requirements for systemically important payment systems. The corrigendum corrects a typographical error in recital 2 to Regulation (EU) 2025/1355.
On 27 March 2026, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2026/722 of 26 March 2026 amending the implementing technical standards laid down in Implementing Regulation (EU) 2024/3172 as regards the implementation and use by institutions, other than small and non-complex institutions, of the European
On 26 March 2026, the European Securities and Markets Authority (ESMA) published the official translations of its updated guidelines on stress test scenarios under the Money Market Funds Regulation (MMF Regulation).
The purpose of the guidelines is to ensure common, uniform and consistent application of the provisions in Article 28 of
On 26 March 2026, the European Parliament issued a press release stating that MEPs had approved the crisis management and deposit insurance (CMDI) package.
The package comprises three legislative files: the Bank Recovery and Resolution Directive (BRRD), the Single Resolution Mechanism Regulation (SRMR) and the Deposit Guarantee Schemes Directive
In the first episode of our global Future of Payments mini-series, we are joined by EU colleagues who discuss the Payment Services Directive 3 and the Payment Services Regulation. Together, we explore five key topics that are front of mind for the industry right now – fraud, transparency and consumer protection, supervision, MiCA, and the
On 17 March 2026, the European Banking Authority (EBA) issued two consultations on initial margin model authorisation under the European Market Infrastructure Regulation (EMIR) as amended by Regulation (EU) 2024/2987 (EMIR 3).
Under the new EMIR 3 rules, counterparties using internal initial margin models must obtain prior authorisation from
On 17 March 2026, the European Commission issued a Call for Evidence on the revision of State aid rules for banks in difficulty.
The current State aid rules for banks in difficulty precede the Crisis Management and Deposit Insurance (CMDI) framework and as such do not take into account the CMDI framework adopted
On 17 March 2026, the European Commission announced that it was seeking feedback on possible revisions to the criteria of the EU taxonomy in order to make the framework simpler and easier to use. As such the objectives being pursued under the review are the same as those for the Omnibus package, namely, to simplify
On 16 March 2026, the EU Anti-Money Laundering Authority (AMLA) issued its reporting package for its data collection and testing exercise.
The exercise will test and calibrate AMLA’s risk assessment models to inform the selection, taking place in 2027, of up to 40 entities for AMLA’s direct supervision starting in 2028, and to