The European Banking Authority (EBA) today published its Q4 2024 Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.

The European Banking Authority (EBA) today published its Q4 2024 Risk Dashboard (RDB), which discloses aggregated statistical information for the largest EU/EEA institutions.

The European Banking Authority (EBA) today published key indicators on climate risk in the EU banking sector, based on information published by banks as part of their Pillar 3 ESG disclosures. This new dashboard is a first step in establishing a broader ESG risks monitoring framework and allows centralised access to comparable climate risk indicators. It also provides relevant benchmarks and enhances the assessment and monitoring of transition and physical climate-related risk across the EU/EEA banking sector.

The FCA has fined the London Metal Exchange (LME) £9.2 million for failing to ensure its systems and controls were adequate to deal with severe market stress. Between 4 and 8 March 2022, the price of LME’s 3-month nickel futures contract encountered extreme volatility. This culminated in the early hours of 8 March 2022 when its price rose to over $100,000, more than double the closing price on 7 March 2022, with most of the rise occurring in little over an hour. These events undermined the orderliness of and confidence in LME’s market.The LME suspended its nickel market for 8 days and cancelled all nickel trades that took place on 8 March.The LME’s systems and controls were not adequate to ensure orderly trading under conditions of severe market stress. In particular, LME did not have adequate controls or policies relating to the operation of its automatic volatility controls, its ‘price

The European Banking Authority (EBA) today launched a call for papers in view of its 14th Policy Research Workshop taking place on 18-19 November 2025 and titled “Bridging capital and growth - the role of financial structures and intermediaries”. The deadline for submitting papers is 6 June 2025.

ESMA publishes the results of the annual transparency calculations for equity and equity-like instruments 28 February 2025 Market data The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the results of the annual transparency calculations for equity and equity-like instruments, which will apply from 7 April 2025. The calculations made available include: the liquidity assessment as per Articles 1 to 5 of CDR 2017/567; the determination of the most relevant market in terms of liquidity as per Article 4 of CDR 2017/587 (RTS 1); the determination of the average daily turnover relevant for the determination of the pre-trade and post-trade large in scale thresholds; the determination of the average value of the transactions and the related the standard market size; and the determination of the average daily number of transactions on the most relevant market in terms of liquidity relevant for the

The ESAs acknowledge the European Commission's amendments to the technical standard on subcontracting under the Digital Operational Resilience Act 07 March 2025 Digital Finance and Innovation Joint Committee The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today issued an Opinion on the European Commission’s (EC) rejection of the draft Regulatory Technical Standard (RTS) on subcontracting. The EC rejected the original draft RTS on subcontracting, which specified further elements that financial entities must determine and assess when subcontracting ICT services that support critical or important functions under the Digital Operational Resilience Act (DORA), on the grounds that certain elements exceeded the powers given to the ESAs by DORA. Today’s Opinion acknowledges the assessment performed by the EC and confirms that the amendments proposed ensure that the draft RTS is in line with the mandate set out under DORA. For this reason, the ESAs do not recommend further amendments to the

ESMA extends the tiering and recognition of the three UK-based CCPs 17 March 2025 CCP International cooperation The European Securities and Markets Authority (ESMA) announced today its decision to temporarily extend the application of the recognition decisions under Article 25 of the European Market Infrastructure Regulation (EMIR) for three central counterparties (CCPs) established in the United Kingdom (UK). On 30 January 2025, the European Commission adopted a new equivalence decision in respect of the regulatory framework applicable to CCPs in the UK. Subsequently, ESMA has prolonged the tiering determination decisions and recognition decisions for the three recognised UK CCPs - ICE Clear Europe Ltd, LCH Ltd (as Tier 2) and LME Clear Ltd (as Tier 1) – that were adopted by ESMA on 25 September 2020, to align with the expiry date of the new equivalence decision. The application of the tiering determination decisions and recognition decisions is temporarily extended

ESMA and Bank of England conclude a revised MoU in respect of UK-based CCPs under EMIR 17 March 2025 CCP International cooperation Press Releases The European Securities and Markets Authority (ESMA) and the Bank of England (BoE) have signed a revised Memorandum of Understanding (MoU) on cooperation and information exchange concerning the three central counterparties (CCPs) established in the United Kingdom (ICE Clear Europe Ltd, LCH Ltd and LME Clear Ltd) which have been recognised by ESMA under the European Market Infrastructure Regulation (EMIR). Verena Ross, ESMA Chair, said:  “I welcome the update of the MoU between the Bank of England and ESMA reflecting the recent amendments to the European Market Infrastructure Regulation. This will further enhance the existing cooperation between our institutions.  ESMA, as part of its supervisory responsibilities towards systemic third-country CCPs, looks forward to continue working with the Bank of England in ensuring a safe and resilient

New Q&As available 21 February 2025 Market data MiFID - Secondary Markets Trade Repositories The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published or updated the following Questions and Answers: European Market Infrastructure Regulation (EMIR) Assessment of significance for the purpose of the Error and Omission Notifications (2441) Reporting of Settlement Rate Options (2442) European crowdfunding service providers for business (ECSPR) Calculation of threshold in point (c) of Article 1(2) of ECSPR (2437) Crowdfunding multiple offers (2438) Markets in Financial Instruments Directive II (MiFID II) - Secondary Markets Open interest thresholds in energy derivatives (2439)   ▸ Questions and Answers section

ESMA clarifies the treatment of settlement fails with respect to the CSDR penalty mechanism 14 March 2025 Post Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a statement on the treatment of settlement fails with respect to the Central Securities Depositories Regulation (CSDR) penalty mechanism, following the major incident that affected TARGET Services (T2S and T2) last month.  Concretely, ESMA clarifies in this statement that National Competent Authorities (NCAs) do not expect CSDs to apply cash penalties in relation to settlement fails for the days of 27 and 28 of February 2025.  A major incident caused by a failure of the infrastructure component adversely affected T2S and T2 on 27 of February 2025 causing that settlement instructions, payment, ancillary system instructions or liquidity transfers between TARGET Services could not be processed for several hours.   As specified in an existing CSDR Q&A,

The European Banking Authority (EBA) today launched a public consultation on draft Regulatory Technical Standards (RTS) on the threshold of activity at which Central Securities Depositories (CSDs) providing ‘banking-type ancillary services’, need to meet certain prudential risk management requirements set out in the Central Securities Depositories Regulation (CSDR). The aim of this work is to allow CSDs to do more settlement of foreign currency in commercial bank money without increasing the risk in CSDs or the overall financial system. This consultation runs until 16 June 2025. A public hearing will be held on 13 May.

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today issued an Opinion on the European Commission’s (EC) rejection of the draft Regulatory Technical Standard (RTS) on subcontracting.