On 18 December 2024, the European Securities and Markets Authority (ESMA) issued a final report on the technical advice on revisions to Commission Delegated Regulation (EU) 447/2012 and Annex I of Regulation on credit rating agencies.
Next steps
ESMA will publish the final report on its website and transmit the technical advice to
On 18 December 2024, the European Commission issued a press release welcoming the political agreement reached by the European Parliament and the Council on the proposal to facilitate data‑sharing and reduce redundant reporting in EU financial services.
The proposal seeks to:
On 12 December 2024, the European Securities and Markets Authority (ESMA) published a consultation paper to gather feedback on proposed technical advice on the Market Abuse Regulation (MAR) and Markets in Financial Instruments Directive II (MiFID II) as amended by the Listing Act.
Background
The consultation paper covers a
On 4 December 2024, the Council of the EU issued a press release stating that it had reached agreement on the proposed framework for Financia Data Access (FIDA) that aims to open the access of financial institutions to each other’s customer data. The FIDA framework complements the proposed Payment Services Regulation by covering
On 26 November 2024, the Single Resolution Board (SRB) published its Annual Work Programme for 2025, which sets out its main priorities for the next year (alongside its continued work on standard operations).
The Annual Work Programme for 2025 (which complements the SRB Multi-annual Plan) concentrates on three strategic areas: core business
On 20 November 2024, the European Supervisory Authorities (ESAs) published a final report on joint guidelines on the system established by the ESAs for the exchange of information relevant to the assessment of the fitness and propriety of holders of qualifying holdings, directors and key function holders of financial institutions and financial market
In the latest podcast in our EMEA regulatory insights series Anna Carrier from our Brussels office discusses the recent changes to the European Regulation on wholesale energy market integrity and transparency (REMIT 2).
In particular we cover:
Listen to
On 7 October 2024, the Joint Committee of the European Supervisory Authorities (ESAs) issued its work programme for 2025.
Among other things the work programme notes that the ESAs will focus on:
4 October
UK
On 9 September 2024, the Financial Conduct Authority (FCA) published a Guidance Consultation, GC24/5, setting out proposed changes to its Payment Services and Electronic Money Approach Document to support new legislation to tackle authorised push payment (APP) fraud. The deadline for responses to GC24/5 is 4 October
On 27 September 2024, the European Systemic Risk Board (ESRB) published a speech by Olli Rehn (First Vice-Chair of the ESRB and Governor of the Suomen Pankki) entitled Old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis.
The speech covers three issues – the ESRB’s track record, key