On 17 July 2026 the European Commission published its Communication on the Competitiveness of the Banking Sector and the Single Market in Banking, filed as COM(2026) 615 final with an accompanying Staff Working Document, SWD(2026) 615 final. It changes no reporting obligation the day it lands. What it does is set out the shape of…
On 17 July 2026 the European Banking Authority published its final draft Regulatory Technical Standards (EBA/RTS/2026/06) and Implementing Technical Standards (EBA/ITS/2026/03) covering four operations that CRD VI brought under prudential supervision for the first time: material acquisitions, material transfers of assets or liabilities, mergers and divisions carried out by credit institutions and financial holding companies….
On 17 July 2026 the European Banking Authority opened a consultation (EBA/CP/2026/11) on draft Implementing Technical Standards that would reshape the 2027 market risk benchmarking exercise, and the change that matters most is one of population. The exercise that has run each year with around 40 institutions is set to capture around 100, because banks…
On 3 July 2026, ESMA told every UCITS management company and alternative investment fund manager in the European Union that their risk management function is next in line for coordinated scrutiny. The announcement launched a Common Supervisory Action, an exercise ESMA will run with national competent authorities throughout 2026 and 2027, with a final report…
On 13 July 2026 the CSSF published a new version of its CSSF MiFID II/MiFIR FAQ, the question-and-answer document that sets out how the regulator expects Luxembourg investment firms and credit institutions to run transaction reporting, transparency and commodity-derivative obligations in practice. Several answers carry a fresh 13 July 2026 stamp, and four are new…
On 6 July 2026 the CSSF published a single spreadsheet on its website, the active account notification form under Article 7a(1) of EMIR. It carries more weight than its size suggests. This EMIR active account notification is the declaration a Luxembourg financial or non-financial counterparty makes to say whether it has been pulled inside the…
On 10 July 2026, the European Securities and Markets Authority published the first set of market capitalisation figures and ratios for EU Member States under the FASTER Directive, Council Directive (EU) 2025/50. The figures cover reference years 2024 and 2025, and they start a multi-year clock that will decide which national markets have to build…
On 15 July 2026 the CSSF published its AIFM Reporting Dashboard covering the position as at 31 December 2025. The document aggregates the Annex IV returns that authorised and registered AIFMs file, and it is the closest thing the Luxembourg alternative fund sector has to a public benchmark. The CSSF AIFM reporting dashboard adds no…
On 14 July 2026 the Banque centrale du Luxembourg (BCL) confirmed it will take part in the European Central Bank’s digital euro pilot, joining the ECB and 18 other Eurosystem national central banks in a controlled test of a beta version of the digital euro. The same day the ECB named the 36 payment service…
On 15 July 2026 the CSSF updated the two forms a Luxembourg fund manager reaches for when it closes a branch it had opened in another Member State: the CSSF branch termination annex under Article 33 of Directive 2011/61/EU (AIFMD), and its counterpart under Article 17 of Directive 2009/65/EC (the UCITS Directive). Both moved to…