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In a historic move, IASB proposes urgent amendments to the SMEs Accounting Standard, in response to the OECD's Pillar Two model rules. The aim is to aid SMEs affected by international tax reform, aligning with the amendments to IAS 12, while ensuring financial transparency.

In light of banking sector unrest in the US and Switzerland, ECB Chair Andrea Enria underlines the need for robust governance and risk management. Euro area banks' resilience, she says, is due to firm capital and quality assets, despite global shocks

The ESA warns of greenwashing risks in the financial sector, as it could mislead consumers and investors. The ESA, with the NCA, aims to tackle the issue, with a focus on rising cases in the banking sector.

The ECB applies a risk-based method to assess credit risk at large financial institutions. The process, part of SREP, aligns with EBA guidelines and ensures banks comply with ECB norms. The approach considers past and future risks, accommodating the specific nature of each institution.

The European Commission has adopted a significant decision that seeks to unify EU rules on personal data protection and fraud prevention. Open for public feedback, this move aims to actively involve citizens in shaping future policies.