The standards include a "pragmatic and simplified" supervisory procedure applicable to smaller counterparts as well as easier documentation, governance and outsourcing requirements.
July 7, 2023The EBA says money laundering and terrorist financing risks are "not managed effectively" at EU payment institutions.
June 21, 2023The provisions on stablecoins will be enforced from 30 June 2024. The provisions for crypto asset service providers will be enforced starting 30 December 2024.
June 10, 2023The EBA, EIOPA and ESMA have put forward a common high-level definition of greenwashing applicable to banking, insurance and pensions and financial markets.
June 6, 2023The ECB is concerned that banks are not prepared for new climate and environmental risk disclosure standards that take effect mid-year.
April 25, 2023MiCA is expected to come into force around July; provisions relating to stablecoins from July 2024; and provisions relating to CASPs and the travel rule from January 2025.
April 21, 2023Pre-collapsed FTX and today's Binance would not meet the threshold for classification as 'significant' CASPs. Even if they did, stricter requirements wouldn't apply.
April 10, 2023The amendments are part of efforts to implement MiCA, which is due to be voted on in April.
March 30, 2023The 6 percent GDP decline in the adverse scenario makes it the most severe scenario ever used in the EU-wide stress test.
February 2, 2023A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities.
February 1, 2023