On 16 April 2025, a Corrigendum to Regulation (EU) 2024/1623 of 31 May 2024 (CRR3) amending Regulation (EU) No 575/2013 as regards requirements for credit risk, credit valuation adjustment risk, operational risk, market risk and the output floor was published in the Official Journal of the EU.
The Corrigendum concerns an amendment to
On 16 April 2025, Directive (EU) 2025/794 of 14 April 2025 amending Directives (EU) 2022/2464 and (EU) 2024/1760 as regards the dates from which Member States are to apply certain corporate sustainability reporting and due diligence requirements was published in the Official Journal of the EU.
The Directive, which is known as the ‘Stop-the-clock’ Directive
On 15 April 2025, the European Commission (“the Commission”) launched a public consultation on a review of Directive 2003/87/EC establishing a system for greenhouse gas emission allowance trading within the Union (ETS Directive) and Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission
On 15 April 2025, the European Banking Authority (EBA) published its benchmarking report on remuneration and gender pay gap for institutions and investment firms.
Background
The EBA collects remuneration and gender pay gap data from national competent authorities for benchmarking under the Capital Requirements Directive and the Investment Firms Directive (IFD)
On 14 April 2025, the Council of the EU formally adopted the ‘Stop-the-clock’ Directive under the Omnibus I package. The Directive postpones the dates of application of certain corporate sustainability reporting and due diligence requirements, as well as the transposition deadline of the due diligence provisions.
The Omnibus I package was adopted by the European
On 15 April 2025, the Financial Stability Board (FSB) published its finalised Format for Incident Reporting Exchange (FIRE), a global standardised format aimed at streamlining cyber and operational incident reporting and enhancing cross-border cooperation.
FIRE is a common framework that financial firms can use to report operational incidents, including cyber
On 15 April 2025, the European Securities and Markets Authority (ESMA) published draft regulatory technical standards (RTS) and a final report on its guidelines on liquidity management tools (LMTs).
Background
The revised Alternative Investment Fund Managers (AIFMs) Directive (AIFMD) and Undertakings for Collective Investment in
On 11 April 2025 the European Commission (“the Commission”) launched a public consultation on the review of Regulation (EU) 2019/881 on the European Union Agency for Cybersecurity (ENISA) and on information and communications technology cybersecurity certification (Cybersecurity Act). The consultation forms part of the Commission’s simplification agenda, which is a key
On 9 April 2025 the European Commission (the Commission) launched a public consultation on the proposal for a Cloud and AI Development Act. The initiative forms part of the Commission’s AI Continent Action Plan that was published the same day. In the accompanying Call for Evidence, the Commission sets out background to its proposed
On 10 April 2025, the European Securities and Markets Authority issued a TRV risk analysis article, ‘Fund names: ESG-related changes and their impact on investment flows’. The article provides an analysis of the evolution of ESG names among EU-domiciled investment funds since 2009, including both UCITS and alternative investment funds. It also examines the