On 8 July 2026 the European Securities and Markets Authority published its final report on the technical standards that flesh out how EU central counterparties must build their CCP admission criteria (ESMA91-1505572268-4692). The standards sit under Article 37(7) of EMIR, the participation-requirements article that Regulation (EU) 2024/2987, better known as EMIR 3, rewrote when it…
On 8 July 2026, the Financial Stability Board’s Deputy Secretary General, Martin Moloney, told an OMFIF audience that the G20 Roadmap for Enhancing Cross-border Payments is approaching its finish line without having reached its destination. The G20 cross-border payments targets on cost, speed, transparency and access were set in 2021, and most of them fall…
On 8 July 2026 the European Securities and Markets Authority launched a Common Supervisory Action on crypto-asset service providers, aimed squarely at one activity: custody. The exercise assesses the maturity of CASP digital operational resilience frameworks for custody services, and national competent authorities will run it on a risk-based sample of authorised CASPs from the…
On 6 July 2026, the European Securities and Markets Authority (ESMA) published the first stage of its effectiveness assessment of the EMIR Active Account Requirement, together with the first annual report of the Joint Monitoring Mechanism. The rule applies to financial and non-financial EU counterparties that are subject to the EMIR clearing obligation and meet…
On 7 July 2026, the Chair of the ECB Supervisory Board, Claudia Buch, wrote to the CEO of every significant institution under a letter numbered SSM-2026-0301 and titled “Addressing AI-enabled cybersecurity threats”. The ECB AI cybersecurity letter does one operationally concrete thing behind its strategic language: it gives each directly supervised bank until 31 October…
A non-EU bank that wants to keep taking deposits, lending, or issuing guarantees in an EU Member State through a branch now has a hard date to work toward: 11 January 2027. On 7 July 2026 the European Banking Authority published its final Guidelines on the authorisation of third-country branches (EBA/GL/2026/08), and they settle the…
On 6 July 2026 the European Securities and Markets Authority (ESMA) selected Etrading Software (Netherlands) B.V. to run the EU’s OTC derivatives consolidated tape, naming it the consolidated tape provider for over-the-counter derivatives under the Markets in Financial Instruments Regulation (MiFIR). It is the third and last asset class under Article 27da of MiFIR to…
On 1 July 2026 the three European Supervisory Authorities each opened a consultation on rewriting the Key Performance Indicators that firms disclose under Article 8 of the EU Taxonomy Regulation. ESMA published a Consultation Paper, the European Banking Authority a Discussion Paper, and EIOPA a consultation on the insurance side. All three close on 12…
On 6 July 2026 the European Banking Authority published its 2025 immovable property loss data: the annual dataset of losses and exposures for residential and commercial property across the EU and EEA. For a standardised-approach credit-risk reporting team, that dataset does real work. It is one of the inputs that decides whether the preferential risk…
Every spring, a Luxembourg reporting team assembles a document that no COREP or FINREP template captures: the institution’s own account of whether it holds enough capital and enough liquidity to survive the risks it actually runs. That account is the ICAAP and ILAAP file, and in Luxembourg its rules sit in Circular CSSF 07/301. The…