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ESMA's recent report on MiFID II compliance shows positive developments in NCAs' supervisory frameworks. National Authorities have made significant progress, conducting investigations and adopting enforcement tools to discourage non-compliance.

For financial institutions, implementing GRC software is crucial. It safeguards data during transactions, mitigates risks, ensures compliance, streamlines operations, and enhances decision-making. In the digital age, GRC software is vital to preserve trust and integrity.

ESMA issues proposals for EU crypto firms under MiCA Regulation, covering user complaints, conflict management, ICT security, and governance. CASPs can operate across 27 EU nations with one license. Consultation period until Sep 2020, further consultations in Oct and early 2024.

The EBA calls for early adoption of MiCA regulation for stablecoins, expecting increased issuance. Emphasis on risk management and consumer protection through measures like perpetual redemption right. ESMA proposes rules to separate assets for crypto service providers.

The EU proposes ESG rating regulation to improve transparency and integrity. It aligns with sustainable finance strategy, enhancing information quality and operational clarity of rating providers. Aim: foster trust, ensure proper market functioning, transition to sustainable finance.