Regulatory News
ESMA has published Q&As on the onboarding of data contributors to the EU’s consolidated tapes, and on the operational rules for the consolidated tape providers.
EIOPA has published its annual report on the costs and past performance of retail investment products in the EU, covering the period from 1 January 2020 to 31 December 2024.
EIOPA has published its third report on the application of the IDD, which considers changes in insurance intermediaries' market structure, developments in cross-border activity, the quality of advice and selling methods, the impact of the IDD on insurance intermediaries that are SMEs, and whether competent authorities are sufficiently empowered and have adequate resources to carry out their tasks.
ECB reports that it is streamlining how it assesses changes to banks’ internal models for credit risk. By shifting from an ex ante to an ex post assessment, ECB states that it is making the approval process faster and more predictable for banks.
This update from the ESAs focuses on the challenges arising from ongoing geopolitical tensions and developments in private finance.
FSB has published its report on work undertaken in 2025.
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EIOPA has submitted its draft amendments of two implementing technical standards that set out supervisory reporting and disclosure requirements under Solvency II to the EC.
EBA’s Opinion follows a notification by HCSF with regard to its intention to extend a measure introduced in 2018 on the use of Article 458(9) CRR. The measure intends to tighten, for French global or other systemically important institutions, the large-exposure limits applicable to large and highly indebted non-financial corporations resident in France or groups of connected NFCs assessed to be highly indebted and based in France. EBA does not object to the extension of the proposed measure, which will be applied from 1 July 2020 to 30 June 2021.
PRA has published a statement on the announcement by ACPR, the French regulatory authority, that it does not intend to comply with EIOPA’s recommendation with regard to insurance policies originally sold in the UK by UK insurers to policyholders now resident/established in France. The statement notes that PRA and FCA are encouraging firms to seek legal advice and consider any risk arising from the ACPR approach to affected policyholders as soon as possible
The EBA stated that they intend to provide clarity on the appropriate treatment of 'legacy instruments' at the end of 2021. By this time the benefits of the grandfathering period will have expired. The EBA state that the aim of the clarification is to preserve a consistent and high quality of capital base for EU institutions under CRR. The EBA intents to communicate this clarification by mid-2020.
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