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
regulatory and legislative updates
Delivering a ‘true’ CMU will not happen as a single event
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…
European Parliament adopts large number of financial services proposals
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…
ESAs publish first set of draft RTS/ITS for DORA
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…
Commission consults on DORA draft delegated act – CTPP criteria and fees
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…
Commission consults on DORA draft delegated act – CTPP criteria and fees
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…
New briefing note – Digital Operational Resilience for the Financial Sector (DORA): 10 things to know
On 16 January 2023, the Regulation on digital operational resilience for the financial sector (DORA) entered into force.
As DORA is new and complex EU legislation we have published a new briefing note, Digital Operational Resilience for the Financial Sector (DORA): 10 things to know.
European Parliament LIBE and ECON Committees adopt draft report on Regulation on information accompanying transfers of funds and certain crypto-assets
On 31 March 2022, the European Parliament Economic and Monetary Affairs (ECON) Committee and the Committee on Civil Liberties (LIBE) adopted a draft report on the European Commission proposal for a Regulation on information accompanying transfers of funds and certain crypto-assets.
Revision of the Regulation on Transfers of Funds
The proposed Regulation will amend…