Blog

ESMA invites stakeholders to consult on MiCA regulation's technical specifications. Feedback sought on all aspects, especially Annex I questions. Clear rationales and alternatives requested. Confidentiality option available. Inclusive consultation for cryptoasset issuersand service providers.

The EU Data Act strikes a balance between data access and IP rights. It ensures fair access to EU-generated data while protecting manufacturers' trade secrets. By establishing a veto mechanism, it fosters a competitive data market, drives innovation, and makes data more accessible.

ESMA updates financial advisory definition under MiFID 2. Joint action with national regulators on sustainability-related disclosures and risk integration. Goal: assess compliance with SFDR, taxonomy regulation, and implementation measures among asset managers.

The European Banking Authority's recent meeting covered key banking regulations, including the finalized Basel 3 report. Fintech and regtech's growing influence, managing digital risks, and the EBA's commitment to sustainable finance were highlighted, promoting a more sustainable economy.

The EBA's Opinion highlights ML/TF risks in the EU's financial sector amid a changing risk landscape. Geopolitical events, legislative developments, and emerging risks like corruption and cybercrime require enhanced compliance. Stay informed about vital strategies to counter these risks.