Last updated: March 2026 Your resolution authority has set your MREL requirement. You know the number. What you may not know is how to prove, every quarter, that you meet it. MREL reporting is not a single template and a single submission. It is a set of interlocking templates covering key metrics, creditor ranking, funding…
Last updated: March 2026 Luxembourg credit institutions had their first deadline on 9 January 2025. They had to be reachable for instant credit transfers in euro by that date. Their second deadline, sending instant payments, hit on 9 October 2025. For Luxembourg banks that were already live on SCT Inst voluntarily, the regulation mostly formalized…
Last updated: March 2026 Your payment processing system goes down at 2:15 PM on a Tuesday. Client-facing services are unavailable. Internal teams are scrambling. At some point in the next few hours, someone needs to answer a question that has nothing to do with fixing the problem: does this incident meet the classification criteria for…
Last updated: March 2026 Your compliance team filled out the CSSF Questionnaire on Financial Crime last year. This year, you can forget everything about that format. The CSSF has replaced its annual questionnaire with a standardised template developed by the European Authority for Anti-Money Laundering (AMLA). The data points are different, the structure is different,…
Last updated: March 2026 Your compliance team has spent years building its AML framework around the Luxembourg Law of 12 November 2004, as amended, which transposes the EU Anti-Money Laundering Directives. That framework is about to be replaced. Not amended. Replaced. The AMLR (Regulation (EU) 2024/1624), published on 19 June 2024, is a directly applicable…
Last updated: March 2026 Your compliance team has a list of ICT providers. Your procurement team has a different list. Your IT department has a third list that includes vendors nobody told compliance about. You now have until 31 March 2026 to reconcile all three into a single, structured, template-compliant DORA Register of Information and…
Last updated: March 2026 A single lapsed LEI can cascade into hundreds of rejected EMIR reports overnight. I have watched a team spend three days reconstructing and resubmitting trades that should have filed cleanly, all because one counterparty’s LEI renewal slipped through the cracks. That is the reality of EMIR reporting: the regulation itself is…
Last updated: March 2026 Introduction MiCAR (Markets in Crypto-Assets Regulation) creates the first comprehensive regulatory framework requiring crypto-asset service providers to implement authorization, prudential reporting, transaction monitoring, and incident notification systems. The Markets in Crypto-Assets Regulation (Regulation (EU) 2023/1114) represents the first unified rulebook for crypto-asset activities across the entire European Union. For reporting teams…
Last updated: March 2026 What Is FINREP and Why It Matters FINREP stands for Financial Reporting. It’s the European regulatory framework for collecting standardized financial data from banks and certain investment firms. If you work in prudential reporting at a European bank, FINREP is not optional – it’s a statutory obligation enforced by your national…
Last updated: March 2026 Why COREP Errors Matter COREP submission day is busy, stressful, and error-prone – but overlooking COREP reporting errors carries real consequences that extend far beyond a missed deadline. You’re pulling data from multiple systems, running reconciliations, and pushing templates through validation in the final hours. When errors appear – especially late…