On 11 September 2026 EFRAG opened a survey asking large non-EU companies to put a number on the cost of a reporting obligation many of them have not yet started to build for. The obligation sits in Articles 40a to 40d of the EU Accounting Directive: from financial year 2028, the EU subsidiary or branch…
From 1 April 2027, a Luxembourg payment institution or electronic money institution still using the current Excel-based reporting process, or a crypto-asset service provider authorised under Article 63 of MiCAR, must submit the reports covered by the new CSSF prudential reporting framework through eDesk; the previous reporting process for those reports will be discontinued. On…
On 9 September 2026 the European Payments Council (EPC) removed the fixed end date it had set for unstructured customer addresses in SEPA payments. Its Payment Scheme Management Board (PSMB) decided to delay the 15 November 2026 sunset of the unstructured address format across all five EPC payment scheme rulebooks, and support for unstructured addresses…
ESMA published a full package of prospectus materials on 9 September 2026, and only one part of it is still open for comment. The European Securities and Markets Authority put out a Consultation Paper on updated Guidelines on disclosure requirements under the Prospectus Regulation (Regulation (EU) 2017/1129), revised its Q&As, finalised Guidelines on supplements that…
On 9 September 2026 the European Banking Authority confirmed that the European Commission had declined to endorse its draft technical standards to shorten the prior permission window for reducing own funds and eligible liabilities instruments. For capital and resolution teams, that confirmation carries one practical instruction: keep timing calls, redemptions and buybacks around the existing…
The European Union adopted the VAT in the Digital Age package, known as ViDA, on 11 March 2025. It arrives as three connected legal acts: Council Directive (EU) 2025/516, Council Regulation (EU) 2025/517 and Council Implementing Regulation (EU) 2025/518. Together they rewrite how VAT is invoiced and reported across the single market. From 1 July…
On 20 February 2026 the Basel Committee on Banking Supervision published Working Paper No 47, a 35-page literature review titled “Literature review on non-maturity deposit stability: established factors and recent developments”. Non-maturity deposit stability is the question of how reliably sight deposits, current accounts and savings balances stay put when a bank comes under stress,…
On 3 September 2026 the European Commission put a number on five years of the EU e-commerce VAT reforms: more than 125 billion euro in VAT collected through the One Stop Shop and the Import One Stop Shop since the rules took effect on 1 July 2021. In 2025 alone the schemes brought in more…
On 23 March 2026 the Basel Committee on Banking Supervision finalised a technical amendment to the standardised approach to operational risk, and paired it with a new answer to a market risk frequently asked question. Both changes work at the definitional level, touching the plumbing beneath the numbers: how a single accounting line maps into…
On 17 February 2026 the Basel Committee on Banking Supervision published Synthetic risk transfers, a 31-page report on a market that has become an important source of capital relief for corporate credit risk. Across Canada, the euro area, the United Kingdom and the United States, the Committee estimates that about EUR 750 billion of assets…