1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General
(i) EU -
EBA: Updated methodology on the regulatory and supervisory equivalence of non-EU countries -
Status: Final -
The EBA has published its updated...more
4/2/2025
/ Anti-Money Laundering ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Markets ,
Digital Operational Resilience Act (DORA) ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Investment Firms ,
Investment Funds ,
MiFID ,
Payment Services Directive ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Requirements
The Luxembourg Business Registers (LBR) recently published a notice in relation to the Luxembourg national identification numbers (LNIN) of individuals that need to be registered with the Luxembourg trade and companies...more
In this edition of our "MiCAR under the microscope" series, we examine the prudential requirements, with a specific focus on the capital requirements that are applicable to issuers of ARTs and EMTS and CASPs under Regulation...more
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) International -
BCBS: Work programme and strategic priorities for 2025/26
Status: Final -
The BCBS has published its work programme and strategic...more
The Luxembourg Parliament recently enacted a law reforming the Trade and Companies Register (RCS) and the Register of Beneficial Owners (RBE) laws.
This reform is a direct response to the decision of the Court of Justice of...more
2/10/2025
/ Anti-Money Laundering ,
Beneficial Owner ,
Compliance ,
Corporate Transparency Act ,
Court of Justice of the European Union (CJEU) ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
EU ,
Luxembourg ,
Member State ,
New Legislation ,
Regulatory Reform
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) EU -
EC: Communication on EU competitiveness compass -
Status: Final -
The EC has published a communication on a Competitiveness Compass for the EU,...more
The new Regulation (EU) 2024/886 on instant credit transfers in euros (IPR), amending the so-called SEPA Regulation, is here, and it’s time to gear up! Effective from April 8, 2024, the first set of obligations kicks in on...more
1/15/2025
/ Anti-Money Laundering ,
Banking Sector ,
Compliance ,
Economic Sanctions ,
EU ,
Eurozone ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Payment Systems ,
Regulatory Agenda ,
Regulatory Requirements
In order to increase the use of instant credit transfers in euros at Union level, the EU legislators have amended Regulation (EU) No 260/2012 establishing technical and business requirements for credit transfers and direct...more
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) International -
FSB: Plenary December 2024 -
Status: Final -
The FSB has set out the outcomes of its Plenary that met on 3 and 4 December. Points of...more
1/6/2025
/ Anti-Money Laundering ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Capital Markets ,
Cybersecurity ,
Digital Operational Resilience Act (DORA) ,
EMIR ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Investment Firms ,
Investment Funds ,
IOSCO ,
Payment Systems ,
Prudential Regulation Authority (PRA) ,
Real Estate Investments ,
Regulatory Agenda ,
Stock Exchange ,
UCITS
The Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR) has further expanded the panel of regulated entities by introducing the regulatory status of Issuers of Asset Reference Tokens (ART Issuers) and crypto-asset...more
12/12/2024
/ Acquisitions ,
Asset Tokens ,
Cryptocurrency ,
Digital Assets ,
EU ,
Financial Regulatory Reform ,
Financial Services Industry ,
Regulatory Agenda ,
Taxonomy ,
Technology ,
UK ,
UK Cryptoassets Taskforce
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) International -
FSB: 2024 list of global systemically important banks -
Status: Final -
The FSB has published a 2024 list of global systemically...more
12/2/2024
/ Banking Sector ,
Capital Markets ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
FATF ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment ,
MiFID ,
MiFIR ,
Payment Services Directive ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Sustainable Finance ,
UK
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) EU -
ESRB: Speech on old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis -
Status: Final -
The ESRB has published a speech by...more
11/4/2024
/ Banking Sector ,
Capital Requirements Regulation (CRR) ,
ESRB ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
Regulatory Reform ,
Regulatory Requirements ,
UK
1. Bank regulation -
1.1 PRUDENTIAL REGULATION -
a) General -
(i) EU -
EC: Report on the future of European competitiveness Status: Final -
The EC has published a report on the future of European competitiveness,...more
10/2/2024
/ Banking Sector ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Legislative Agendas ,
Payment Services Directive ,
Prudential Regulation Authority (PRA) ,
Regulatory Agenda ,
UK
1. Bank regulation -
1.1 PRUDENTIAL REGULATION
a) General -
(i) EU -
EBA: Opinion on measures in accordance with Article 458 CRR following a notification by the De Nederlandsche Bank -
Status: Final -
The EBA has published an...more
9/4/2024
/ Banks ,
Capital Markets ,
Commission Delegated Regulation ,
EMIR ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment ,
Regulatory Agenda
1. Bank regulation -
1.1 Prudential Regulation -
(a) General -
(i) International -
BCBS: Consultation on report regarding various technical amendments and FAQs -
Status: Consultation -
Deadline for the submission of...more
8/6/2024
/ Anti-Money Laundering ,
Artificial Intelligence ,
Banking Sector ,
Capital Markets ,
Commission Delegated Regulation ,
Digital Assets ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Investment Funds ,
MiFID ,
MiFIR ,
Payment Systems ,
Prudential Standards ,
Sustainable Finance
On 21 May 2024, a bill of law n° 8387 was introduced before the Luxembourg Parliament. Its objective is to amend several pieces of Luxembourg legislation to operationalise various European regulations, in particular...more
New EU legislative requirements will reshape how non-EU (including European Economic Area) banks service EU clients on a cross-border basis. In this note we summarise the new regime, its implications for firms providing...more
The Regulation (EU) 2023/1114 on Markets in Crypto-assets (MiCAR) has further expanded the panel of regulated entities by introducing the regulatory status of crypto-asset service providers (CASPs)....more
6/17/2024
/ Corporate Governance ,
Cryptoassets ,
Disclosure Requirements ,
EU ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Fund Managers ,
Investment Management ,
Regulatory Agenda ,
Regulatory Requirements
To avoid potential risks to investor protection, as well as to financial stability within the European single market, the Regulation on Markets in Crypto-assets (MiCAR) is about to introduce a harmonised and dedicated set of...more
In our annual financial services Horizon Scanning webinar, our regulatory team provided an overview of upcoming and expected changes for UK firms.
Partners from our UK team considered regulatory updates on the horizon for...more
The EU is harmonising the rules on the prudential supervision of EU branches of non-EU banks under CRD VI. The new EU-wide third country branch regime will introduce minimum requirements including capital and liquidity...more
1/26/2024
/ Banking Sector ,
Capital Markets ,
Capital Requirements ,
Capital Requirements Regulation (CRR) ,
Cross-Border ,
EU ,
European Banking Authority (EBA) ,
Governance Standards ,
Grandfathering Rules ,
Intergovernmental Agreements ,
Liquidity ,
NCAs ,
Outsourcing ,
Recordkeeping Requirements ,
Reporting Requirements ,
Third Country Entities (TCEs)
Final provisions on cross-border banking services in the EU published -
CRD VI will bring in uniform minimum prudential requirements for third country branches providing banking services in the EU and, more importantly,...more
1/26/2024
/ Banking Sector ,
Basel III ,
Capital Requirements Regulation (CRR) ,
Credit Institutions ,
Cross-Border ,
EU ,
European Commission ,
Final Rules ,
Grandfathering Rules ,
Investment ,
Jurisdiction ,
Liquidity ,
Luxembourg ,
MiFID ,
New Rules ,
Prudential Standards ,
Reverse Solicitation
The huge expansion of crypto-assets over recent years and the popularity of their underlying technology (distributed ledger technology (DLT) or blockchain) have come with their share of challenges, including a significant...more
12/15/2023
/ Blockchain ,
Cryptoassets ,
Cryptocurrency ,
Distributed Ledger Technology (DLT) ,
EU ,
Financial Markets ,
Financial Regulatory Reform ,
Regulatory Agenda ,
Stablecoins ,
UK ,
Virtual Currency
As the final compromise text of the so-called Instant Payments regulation has just been published, our regulatory payment experts have summarised the key obligations that will apply to payment service providers in this...more
Since the beginning of the Brexit transition period, developments in both the UK and EU have impacted the MiFID rules in various ways.
In the UK, there have been changes under the EUWA on-shoring process; “quick-fix”...more