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EU plans new anti-money laundering framework: strengthens laws, protects citizens' rights. Banks to conduct thorough customer due diligence to combat money laundering and terrorism financing. Proposed changes: new EU authority, risk-based regulation.

The ESAs will hold a hearing on the first batch of DORA consultation papers. It aims to gather market views on ICT risk management, incident classification, and contractual arrangements with third-party providers. Feedback on proposed policies is sought from participants.

The European Commission assures cryptocurrency industry that the Data Act won't ban smart contracts. Requirements for tamper-proof, resettable, and controlled access contracts apply to specific software in data-sharing contexts. Smart contract vendors shouldn't face issues.

The MiCA regulation proposes an EU framework for crypto-assets, providing legal certainty and consumer protection. It affects token issuers and crypto-asset service providers. MiCA covers asset-referenced tokens, stablecoins, standardizing rules for market integrity and compliance.

AFME backs the EU's Sustainable Finance package, proposing laws to bolster ESG ratings' transparency and integrity. It promotes transition finance for EU's environmental goals and upgrades to the EU Taxonomy.