Regulatory News
EC: RTS on margin transparency under EMIR
European Commission has adopted a Commission Delegated Regulation containing RTS on margin transparency requirements supplementing EMIR as amended by EMIR 3. The RTS contains provisions on: the information to be provided by a central counterparty (CCP) to its clearing members; the requirements of the CCP simulation tool; and information to be provided by clearing members and clients providing client clearing services. The Delegated Regulation will enter into force on the twentieth day following the date of its publication in the Official Journal of the European Union.
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EBA: 2027 EU-wide stress test
EBA has released the final methodology, draft templates, and template guidance for its 2027 EU-wide stress test, together with the key milestones for the exercise. Following engagement with industry, EBA has significantly streamlined the process and reduced the number of required data points by 55% through simplifying reporting templates and ensuring closer alignment with supervisory reporting. The 2027 EU-wide stress test will formally start in January 2027, following the release of the macroeconomic and climate scenarios, with the results scheduled for publication by the end of July 2027.
For more information
- https://www.eba.europa.eu/sites/default/files/2026-11/2a077772-ee1f-4aac-8184-e12e70e438d3/2027%20EU-wide%20stress%20test%20-%20Methodological%20Note.pdf
- https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.eba.europa.eu%2Fsites%2Fdefault%2Ffiles%2F2026-11%2Ff2562dfb-6aa9-4ba1-8f3d-dde29ad891fc%2F2027%2520EU-wide%2520stress%2520test%2520-%2520Templates.xlsx&wdOrigin=BROWSELINK
- https://www.eba.europa.eu/sites/default/files/2026-11/a9292ddc-ebcf-452e-a635-fe28a0613b4a/2027%20EU-wide%20stress%20test%20-%20Template%20Guidance.pdf
EC: CRA Regulation
European Commission has adopted the following Delegated Regulations under the CRA Regulation (Regulation (EC) No 1060/2009): a Delegated Regulation amending Annex I to the CRA Regulation as regards transparency, review and validation of methodologies (C(2026) 7817 final); and a Delegated Regulation amending the regulatory technical standards (RTS) laid down in Commission Delegated Regulation 447/2012 as regards strengthening the transparency and incorporation of ESG factors in credit rating methodologies (C(2026) 7853 final). The Delegated Regulations will enter into force on the twentieth day following publication in the Official Journal of the European Union and will apply twelve months later.
EBA: 2027 EU-wide stress test
EBA has released the final methodology, draft templates, and template guidance for its 2027 EU-wide stress test, together with the key milestones for the exercise. Following engagement with industry, EBA has significantly streamlined the process and reduced the number of required data points by 55% through simplifying reporting templates and ensuring closer alignment with supervisory reporting. The 2027 EU-wide stress test will formally start in January 2027, following the release of the macroeconomic and climate scenarios, with the results scheduled for publication by the end of July 2027.
For more information
- https://www.eba.europa.eu/sites/default/files/2026-11/2a077772-ee1f-4aac-8184-e12e70e438d3/2027%20EU-wide%20stress%20test%20-%20Methodological%20Note.pdf
- https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.eba.europa.eu%2Fsites%2Fdefault%2Ffiles%2F2026-11%2Ff2562dfb-6aa9-4ba1-8f3d-dde29ad891fc%2F2027%2520EU-wide%2520stress%2520test%2520-%2520Templates.xlsx&wdOrigin=BROWSELINK
- https://www.eba.europa.eu/sites/default/files/2026-11/a9292ddc-ebcf-452e-a635-fe28a0613b4a/2027%20EU-wide%20stress%20test%20-%20Template%20Guidance.pdf
ECB: Speech by Sharon Donnery: If time stood still – regulatory modernisation and financial stability
Text of Sharon Donnery’s speech of 6 November 2026 follows, in which she discusses how regulators can keep a changing financial system safe while reducing unnecessary complexity and costs.
BIS: Technical amendments – consolidated guidelines and sound practices
BIS has finalised a new section of its website that sets out a consolidated version of its guidelines and sound practices for banks and supervisors and is consulting on consequential amendments to the Basel Framework to update cross-references to refer to the relevant chapters in the consolidated guidelines. Responses are required by 21 December 2026.
EBA: Supervisory reporting simplification
EBA has set out the way forward for the finalisation of proposals to simplify EU supervisory reporting, noting that the final report on the draft implementing technical standards on supervisory reporting will be published in December 2026.
ECB: Speech by Anneli Tuominen: Anti-money laundering – how are supervisors tackling the current challenges?
Text of Anneli Tuominen’s speech of 5 November 2026 follows.
BIS: Scenarios for future banking – implications for profitability, liquidity and solvency
This BIS working paper considers who will perform what bank functions functions in ten years, and what the resulting configuration implies for financial stability.
EC: Work Programme 2027
The EC has published its work programme for 2027, with details set out in an annex. These include initiatives relating to the Savings and Investments Union and the Banking Union.
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