Italy

On 23 February 2026, the European Banking Authority (EBA) published a follow-up report (the Report) of its peer review on information and communication technology (ICT) risk assessment under the Supervisory Review and Evaluation Process (SREP).

Background

The Report is a follow-up to the EBA peer review report published

On 23 February 2026, the European Securities and Markets Authority (ESMA) issued a consultation paper on draft regulatory technical standards (RTS) amending Commission Delegated Regulation 153/2013 in relation to public guarantees, public bank guarantees and commercial bank guarantees as collateral and in relation to certain aspects of investment policy and highly

On 23 February 2026, the European Parliament’s Economic and Monetary Affairs Committee issued a draft report on digital assets – challenges for the competitiveness and integrity of the European Union’s financial system. The draft report explores the impact of the emergence of digital assets on the financial services sector and what that means for the

On 23 February 2026, the Single Resolution Board (SRB) updated its operational guidance on separability and transferability for more alignment and proportionality. The update follows a consultation that took place between 13 August 2025 to 22 October 2025. The SRB has also issued a Feedback Statement to the consultation.

When a bank is

On 20 February 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing that aims to clarify and provide examples as to how compliance with the representativeness obligation should be performed and reported by counterparties in accordance with Article 7b of EMIR and Annex III of Commission Delegated Regulation (EU) 2026/305.

On 17 February 2026, the European Commission adopted a proposal for a Directive on the supplementary supervision of credit institutions, insurance or reinsurance undertakings, investment firms, asset management companies and alternative investment fund managers in a financial conglomerate.

The proposed Directive will codify and replace the current Financial Conglomerates Directive (FICD). The content

Introduction

ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.

Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.

There is limited uniformity in regulation as financial

On 19 February 2026, the European Securities and Markets Authority (ESMA) issued a Consultation Paper on MAR guidelines on delay in the disclosure of inside information.

Background

Under the Market Abuse Regulation (MAR), issuers are to disclose to the public as soon as possible the inside information that directly concerns

On 13 February 2026, the European Banking Authority (EBA) issued final guidelines (dated 5 February 2026) on proportionate retail diversification methods under the standardised approach for credit risk.

Background

The final guidelines have been developed pursuant to Article 123(1) of the Capital Requirements Regulation, which mandates the EBA to specify proportionate diversification methods

On 11 February 2026, the European Commission (Commission) launched a public consultation and a call for evidence on the evaluation and potential review of the Shareholder Rights Directive.

Overview

On 19 March 2025, the Commission adopted its strategy for the Savings and Investments Union (SIU) and announced its intention to