With Notice of 7 July 2021, Consob announced its intention to comply with the Guidelines issued by ESMA on certain aspects of the MiFID II requirements relating to the compliance function.

These guidelines provide operational guidance on the role and responsibilities of the compliance function within the internal control system.

Intermediaries subject to […]

EIOPA published its Financial Stability Report, which addresses the main risks to financial stability in the European insurance and pension sector.

The Authority underlines that the pandemic crisis is not yet over and many uncertainties remain. The impact on the real economy has been reduced by comprehensive fiscal measures, but some negative effects may only become […]

EBA published final draft regulatory technical standards (RTS) and Implementing Technical Standards (ITS) on cooperation and information exchange between competent authorities involved in prudential supervision of investment firms.

These draft standards, developed in consultation with ESMA, provide a solid framework for (i) cooperation in the supervision of investment firm groups through colleges of supervisors and […]

ESMA and EBA published their revised final joint Guidelines on the assessment of the suitability of members of the management body and key function holders.

These Guidelines take into account the amendments introduced by the revised Capital Requirements Directive (CRD V) and the Investment Firms Directive (IFD), and their effect on the assessment […]

ESMA has submitted its first report on national rules governing the marketing of investment funds under the Regulation on cross-border distribution of funds.
ESMA provides an overview of the marketing requirements across Member States, and analyses the effects of national laws, regulations and administrative provisions governing the marketing of investment funds. The report is based […]

EBA published its quarterly Risk Dashboard together with the results of the spring edition of the Risk Assessment Questionnaire (RAQ).

The Q1 data shows that the CET1 ratio increased slightly on a fully loaded basis. The NPL ratio improved further, except for some sectors that may have been more affected by the pandemic. The RAQ […]

EBA has published an analysis of the current RegTech landscape in the EU.

The Report assesses the overall benefits and challenges faced by financial institutions and RegTech providers in the use of RegTech. It also identifies potential risks arising from RegTech solutions that supervisors will need to address and proposes actions designed to enhance knowledge […]

ESMA has approved the registrations of the first two securitisation repositories (SRs) under the Securitisation Regulation (SECR):

• European DataWarehouse GmbH based in Germany; and
• SecRep B.V. based in the Netherlands.
  The registration decisions will become effective on 30 June 2021.

EBA has published its final draft Implementing Technical Standards (ITS) on information on supervisory approaches […]