On Monday 7 October, the three European Supervisory Authorities (ESAs) - EBA, ESMA and EIOPA - published their work programme for 2025, with a particular focus on continued collaboration to tackle cross-sectoral risks, promoting sustainability in the EU financial system and strengthening the digital resilience of financial entities.
The ESAs will work to promote regulatory consistency, proper risk assessment, financial stability and consumer and investor protection. They will also: - provide additional guidance on sustainable development information; - make progress in the digital operational resilience of financial entities, in particular by initiating the monitoring of third-party suppliers of critical information and communication technologies (ICT); - monitor financial conglomerates; - promote coordination and cooperation between national innovation facilitators with a view to facilitating the scaling up of innovative solutions in the financial sector; - address other cross-sector issues such as retail financial services, investment products and securitisation.
In the area of the European Green Deal and the new EU Sustainable Finance Strategy, the ESAs will need to provide further guidance under the Delegated Regulation on Sustainable Finance Disclosure (SFDR). The ESAs may start work on new technical standards for ESG rating information introduced by the recently adopted ESG rating regulation (see EUROPE 13344/21).
Read the programme: https://aeur.eu/f/dsn (Original version in French by Anne Damiani)