-
Omnibus package: Proposal for the simplification of sustainability reporting by companies
June 2025 In January 2025, the European Commission (EC) presented its Competitive Compass in line with the recommendations made by Mario Draghi in his report on the future of European competitiveness and confirmed its proposal of a package of measures for the simplification of sustainable finance reporting, sustainability due diligence and taxonomy. On 26 February…
-
The European Commission’s Strategy to achieve a Savings and Investments Union
June 2025 On 19 March 2025, the European Commission (EC) published a Communication developing its Strategy to achieve a unique Savings and Investment Union in the European Union (EU) through which it aims to foster its economic competitiveness and increase citizens’ wealth. The EC acknowledges in said document that, despite the EU’s great potential, with…
-
ESMA’s Supervisory Briefing on the authorisation of crypto-asset service providers
June 2025 The relatively recent publication of Regulation (EU) 2023/1114 on markets in crypto-asset¹ (MiCA) in 2023, its innovative nature and the technical complexity in crypto-asset trading has led to the extension of the development stage of the level two and level three regulation that detail and clarify certain obligations and requirements included in the…
-
FCA’s Strategy for 2025-2030: growth, risks and trustworthiness
June 2025 In March 2025, the United Kingdom’s Financial Conduct Authority (FCA) presented its latest quinquennial strategy (2025-2030), aimed at reinforcing trust in financial services, fostering sustainable economic growth and delivering better results for consumers and markets. This new strategic framework is based on four main interconnected priorities: (i) become a smarter regulator, (ii) support…
-
IOSCO Consultation Report on artificial intelligence in capital markets: use cases, risks and challenges
June 2025 Since the publication of IOSCO’s last report on Artificial Intelligence (AI) in 2021, AI technologies have undergone significant developments, including the emergence of large language models (LLMs) and generative AI systems (GenAI). Recent advancements in AI have expanded the range of AI applications in financial markets, leading to potential benefits as well as…
-
IOSCO’s Consultation Report on Neo-Brokers
June 2025 In recent years, technological innovation has rapidly transformed how retail investors interact with financial markets. Online trading platforms and mobile apps have reduced the barriers to market access and led to a significant increase in self-directed investing. Responding to this shift, the International Organization of Securities Commissions (IOSCO) launched initiatives to understand and…
-
ESMA’s response to the European Commission’s public consultation on the review of macroprudential regulatory policies for non-banking financial intermediation
February 2025 On 22 May 2024 the European Commission (EC) launched a targeted public consultation on the adequacy of macroprudential policies for Non-Bank Financial Intermediation (NBFI), as a response to the different events in recent years related to financial stability. ESMA responded to the consultation in November 2024 highlighting the need to implement a macroprudential…
-
European Commission targeted consultation on the functioning of the European Union securitization framework
February 2025 The Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) of the European Commission (EC) published a consultation in October 2024, asking for stakeholders´ views regarding the adequacy of the securitization framework currently in place in the European Union (EU). The framework for the European securitisation market was established in…
-
Call for evidence on the review of the Commission Directive on UCITS Eligible Assets
February 2025 Between 7 May and 7 August 2024, the European Securities and Markets Authority (ESMA) collected data from stakeholders in order to answer to the European Commission’s technical advice request to assess the implementation of the Commission Directive 2007/16/EC on Eligible Assets related to Undertakings for Collective Investment in Transferable Securities (EAD Directive). Its…
-
ESMA Consultation Paper on Active Account Requirement under EMIR 3
February 2025 On 20 November 2024, ESMA published a public consultation on Active Account Requirement (AAR) set out in the new Regulation known as EMIR 3¹, which includes a proposal with the appropriate regulatory technical standards (RTS) detailing operational conditions, representativeness obligation and reporting requirements of said obligation. With the said initiative, ESMA aims to gather…
