The Netherlands

3 April – 3 May 2026

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

On 26 May 2026, the European Commission (Commission) adopted a Commission Delegated Regulation supplementing Regulation (EU) 2024/3005 (the ESG Rating Regulation) with regard to regulatory technical standards specifying the information to be included in the application for authorisation as an ESG rating provider and in the application for recognition of an ESG

In this latest episode of our podcast series, Split the Difference, we continue exploring the differences and similarities between cryptoasset authorisation in the UK and the EU. Part 1 focused on structure and scope. In this Part 2 we turn our attention to authorisation and supervision.

Listen to this episode here.

On 26 May 2026, there was published a report from the European Commission (Commission) to the European Parliament and the Council on the Commission’s assessment of the markets for commodity derivatives, for emission allowances and for derivatives of emission allowances, pursuant to Article 90(5) of the Markets in Financial Instruments Directive II (

On 26 May 2026, the European Securities and Markets Authority (ESMA) issued a consultation paper updating the guidelines on standardised procedures and messaging protocols used between investment firms and their professional clients under Article 6(2) of the Central Securities Depositories Regulation (CSDR).

Article 6(2) of the CSDR requires investment firms to

On 21 May 2026, the European Commission (Commission) adopted a Commission Delegated Regulation supplementing the Markets in Financial Instruments Directive II with regard to regulatory technical standards (RTS) for the establishment of an EU code of conduct for issuer-sponsored research.

Background

Directive (EU) 2024/2811 empowers the Commission to adopt RTS developed

On 20 May 2026, the European Commission (Commission) issued a public consultation on the review of the Regulation on the Markets in Crypto‑Assets (MiCA).

Article 142 MiCA provides that the Commission shall present a report to the European Parliament and the Council on the latest developments with respect to crypto‑assets, in

The Senate has adopted the amendment to the bonus cap on 19 May 2026. This update outlines the key changes introduced by the amendment, including its impact on identified staff and the broader remuneration framework within the financial sector.

We also highlight practical steps that financial institutions may wish to consider in light of these

On 8 May 2026, the European Banking Authority (ECB) updated its compendium of non-binding good practices for climate and nature risk management and climate and nature-related stress testing to support banks with know-how to close gaps in their risk management frameworks and address vulnerabilities in the evolving risk environment.

The compendium serves different