Library of the Joint Committee
This final report presents new draft amending regulatory technical standards (RTS) on the risk mitigation techniques for OTC derivative contracts not cleared by a CCP (bilateral margining) that the European Supervisory Authorities (ESAs) have developed under Article 11(15) of EMIR1 . The draft RTS...
Report, which provides a comprehensive analysis on the completeness, adequacy and uniformity of the applicable laws and practices on the withdrawal of license for serious breaches of the rules on anti-money laundering and countering the financing of terrorism (AML/CFT).
Joint ESA Supervisory Statement on expectations regarding the 'What is this product' section in PRIIPs KID
The objective of this Supervisory Statement is to achieve a high, effective and consistent level of regulation and national supervision promoting a level playing field and the protection of retail investors. The ‘What is this product?’ section is the first descriptive section of the KID and is an...
Mandate to the ESAs to develop SFDR regulatory technical standards on principal adverse impacts indicators
Mandate to the ESAs to develop SFDR regulatory technical standards on product exposures to gas and nuclear activities
Regulation | PRIIPs
This Report presents the European Supervisory Authorities’ (ESAs) technical advice to the Commission on Regulation (EU) No 1286/2014 (PRIIPs Regulation) 1 following a request received from the Commission on 27 July 20212 . It will serve as input to the Commission’s work to develop a strategy for...
In 2021, the Joint Committee under the chairmanship of the ESMA, continued to have a central role for the coordination and exchange of information between the European Supervisory Authorities (ESAs), the European Commission (EC) and the European Systemic Risk Board (ESRB). The main areas of cross-...
The report highlights the increasing vulnerabilities across the financial sector as well as the rise of environmental and cyber risks. It also includes a preliminary assessment of the consequences of Russia's invasion of Ukraine.
Sustainability | Disclosure
Updated Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation
Supervision | Digitalisation
The European Supervisory Authorities (EBA, ESMA and EIOPA – the ESAs) warn consumers that many crypto-assets are highly risky and speculative. The ESAs set out key steps consumers can take to ensure they make informed decisions. This warning comes in the context of growing consumer activity and...
This report sets out the findings and advice of the ESAs in response to the European Commission’s Call for Advice on digital finance and related issues. It covers cross-sectoral and sector-specific market developments in the three key areas identified in the Call for Advice, and the risks and...
Financial literacy and education
The repository contains 127 national initiatives that provide consumers with helpful information on how to improve their financial literacy. If you are interested in initiatives aimed to help consumers find their way in the insurance and pensions sectors, check our Financial education map .
ESAs statement on ESRB Recommendation on a pan-European systemic cyber incident coordination framework
The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content and presentation of disclosures under Articles 8(4), 9(6) and 11(5) of Regulation (EU) 2019/2088 (‘Sustainable Finance Disclosure...
The report takes stock of the situation on NCAs independence along key aspects i.e. operational independence, financial independence, personal independence as well as accountability and transparency. It should be noted that this report does not represent an assessment of NCAs independence. Rather...
In 2022 the Joint Committee work will continue to focus on the area of consumer and investor protection, retail financial services, retail investment products and prudential analysis of cross-sectoral developments, risks and vulnerabilities for financial stability, cybersecurity, financial...
The report highlights the increasing vulnerabilities across the financial sector, the rise seen in terms of cyber risk and the materialisation of event-driven risks.
Call for advice to the Joint Committee of the European Supervisory Authorities regarding the PRIIPs Regulation
Amended Implementing Technical Standards (ITS) on the mapping of credit assessments of External Credit Assessment Institutions (ECAIs)
The amendments of the Implementing Technical Standards (ITS) reflect: the recognition of two new credit rating agencies (CRAs); the outcome of a monitoring exercise on the adequacy of existing mappings; and the deregistration of a number of CRAs. The ITS are part of the EU Single Rulebook for...
This report aims to identify the status of the application of the Securitisation Regulation (Regulation (EU) 2017/24021) (SECR) as well as some initial inconsistencies and challenges that occurred in the first years of implementation of the SECR and which may affect the overall efficiency and...
Joint Position of the European Supervisory Authorities on Manufacturers’ Product Oversight & Governance Processes