The European Commission (Commission) has published its work programme for 2025. The work programme consists of a communication discussing the Commission’s main plans and priorities and is accompanied by an Annex listing new initiatives and their expected timings, as well as initiatives the Commission intends to withdraw.
The communication emphasises that the
On 31 January 2025, the European Securities and Markets Authority (ESMA) published its 2026-2028 Programming Document.
In the foreword of the Programming Document ESMA’s Executive Director, Natasha Cazenave, notes that the years 2026-2028 will be a period of transformation for ESMA, as several new supervisory mandates will be added to ESMA’s remit
The European Commission (Commission) has published its Competitiveness Compass (Compass). The Compass is a policy document that describes the overall Commission policy on increasing the EU’s competitiveness over the coming five-year term. The Compass comes as a response to the reports published by Enrico Letta and Mario Draghi, which both warned
Introduction
Following a process that took nearly six months and started with the June 2024 European Parliament elections, the new European Commission (Commission) started its five-year term on 1 December 2024. The EU institutions have spent the previous month selecting, vetting, hearing, and voting on the new College of Commissioners, which consists of
On Tuesday 17 September, Commission Present-elect Ursula von der Leyen published her long-awaited list of European Commissioner-designates and the allocation of their portfolios. The presentation of the Commissioner-designates and their responsibilities is a key step in the transition to the 2024-2029 legislative term. The process for selecting candidate Commissioners has been complex so far, as
The European Parliament elections took place between 6 and 9 June 2024. While the results are still coming in, the provisional data indicates that even though the traditional parties have retained their majority in the hemicycle, the more radical groupings on the right have gained more ground. This is in line with opinion polling carried
On 15 May 2024, the Eurogroup issued a statement on the follow-up to the Eurogroup agreement on the future of the Capital Markets Union (CMU).
In March 2024, the Eurogroup agreed on a statement of the future of the CMU and today’s statement marks the first step towards its delivery. The endorsement by
From 22 to 25 April 2024, the European Parliament (Parliament) held is final plenary sessions before the Parliament elections taking place on 6-9 June 2024. During this session, the Parliament plenary adopted a large number of important financial services-related legislative proposals. This note provides an overview of these proposals, their main contents, as
On 17 January 2024, the European Supervisory Authorities (ESAs) published the first part of their draft regulatory technical standards (RTS) and implementing technical standards (ITS) developed under the Digital Operational Resilience Act (DORA). The publication follows a public consultation on the draft measures that the ESAs conducted
On 16 November 2023, the European Commission published a consultation on a draft delegated act under Regulation (EU) 2022/2554 on digital operational resilience for the financial sector (DORA). The draft delegated act concerns the amount of the oversight fees to be charged to critical ICT third-party service providers (CTPPs) and the