EU

  • FASTER Directive Market Capitalisation Data: Securities Scope

    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…

  • CSSF AIFM Reporting Dashboard: Benchmarking Your Annex IV Filing

    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…

  • ECB Digital Euro Pilot: BCL and Two Luxembourg PSPs Join

    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…

  • SRB Resolution Planning: Simpler Procedures, Same MREL Bar

    On 15 July 2026 the SRB Chair told the European Parliament’s ECON Committee that the Single Resolution Board is simplifying resolution planning wherever its mandate allows, and drew a firm line around what simplification will and will not touch. For teams that run SRB resolution planning, the speech matters as a direction of travel: the…

  • ESMA July 2026 Q&As: ESG Ratings, MiCA and Consolidated Tape

    On 10 July 2026 ESMA announced thirteen Q&A repository items across the EU ESG Ratings Regulation, the Markets in Crypto-Assets Regulation and MiFIR secondary markets. All thirteen items carry published answers. The individual records also show that several answers pre-date 10 July 2026. None of the thirteen published answers creates a new reporting template or…

  • Commodity Derivative Position Limits: The CSSF Notification Form

    The CSSF workbook titled Notification of a commodity derivative is a contract-identification form. Its fields cover the submission and admission dates, commodity classification, contract name, unit and lot conversion, trading-venue identifiers, product code, ISIN, whether economically equivalent OTC contracts exist and the total number of securities issued. It does not collect position-holder or open-interest data…

  • EU Sanctions Screening: The 13 July 2026 List Refresh

    On 13 July 2026 the Council of the European Union added new names to two of its Russia restrictive-measures regimes. Council Implementing Regulation (EU) 2026/1708 amended the human-rights measures set out in Regulation (EU) 2024/1485, and Council Implementing Regulation (EU) 2026/1710 amended the destabilising-activities measures in Regulation (EU) 2024/2642. Both were published in the Official…

  • ESRB Frontier AI Warning: DORA Cyber Risk Reporting Under Scrutiny

    On 7 July 2026 the European Systemic Risk Board published a formal warning that frontier artificial intelligence models are now a source of systemic cyber risk with direct implications for DORA cyber risk reporting across the EU financial system, and the three European Supervisory Authorities backed it the same day. On the same date, ECB…

  • ESAP First Phase: Where Regulated Disclosures Must Now Be Filed

    On 10 July 2026, ESMA started pulling regulated disclosures into the European Single Access Point (ESAP). The public ESAP portal is not yet accessible; Regulation (EU) 2023/2859 requires ESMA to establish and operate it by 10 July 2027. What went live on 10 July was the plumbing underneath it: from that date, Officially Appointed Mechanisms…

  • IFRS 18 FINREP Reporting: The Interim Templates Banks Can File Early

    For annual reporting periods beginning on or after 1 January 2027, IFRS reporters must apply IFRS 18 unless they adopt it earlier. On the supervisory-reporting side, the affected population is the institutions inside FINREP’s IFRS scope under Article 430(3) or (4) of the Capital Requirements Regulation (CRR), not every bank that happens to use IFRS…