Library of the Joint Committee

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...
Organisation

List of Financial Conglomerates 2020

Regulation

Joint committee report on the implementation and functioning of the securitisation regulation

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...
Supervision

ESAs Statement on variation margin exchange under the EMIR RTS on OTC derivatives

Statement by the European Supervisory Authorities (ESAs – European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) in response to industry requests relating to operational challenges in meeting the deadline of 1 March 2017...
Innovation

Joint Committee Report on the results of the monitoring exercise on automation in financial advice

The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited. As the identified risks have not materialised and considering the limited growth of the phenomenon, the ESAs believe...
Innovation

Joint Committee Final Report on Big Data

The report on Big Data analysis the impact of big data on consumers and financial firms. Overall, the ESAs have found that while the development of Big Data poses some potential risks to financial services consumers, the benefits of this innovation currently outweigh these. Many of the risks...
Innovation

Use of big data by financial institutions

The factsheet on Big Data aims at informing consumers of financial services about the impact of Big Data. The factsheet provides consumers with the information about the potential benefits and risks of the use of Big Data techniques and aims to raise awareness of the measures consumers can take if...
Supervision

Joint Guidelines on Risk Factors

According to Art 73 of the Regulation of EBA, EIOPA and ESMA (the ESAs) referring to language arrangements, the ESAs issue their Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010).
Supervision

Joint Guidelines on complaints-handling for the securities (ESMA) and banking (EBA) sectors

According to Art 73 of the Regulation of EBA, EIOPA and ESMA (the ESAs) referring to language arrangements, the ESAs issue their Guidelines in all EU official languages (with the exception of Irish, according to Council Regulation (EU) No 1257/2010).
Organisation

Joint Committee Annual Report 2020

In 2020, the Joint Committee under the chairmanship of the EBA, 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). Progress continued on...
Innovation

Crypto-assets: ESAs remind consumers about risks

As crypto-assets, including so-called virtual currencies such as Bitcoin, continue to attract public attention, the European Supervisory Authorities (EBA, EIOPA and ESMA – together the ‘ESAs’) recall the continued relevance of their previous warnings. The ESAs remind consumers that some crypto-...
Sustainability

Joint ESA Supervisory Statement on the application of the Sustainable Finance Disclosure Regulation

This Supervisory Statement of the European Supervisory Authorities (ESAs) seeks to mitigate the risk of divergent application of Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (hereinafter referred to as “SFDR”) within the period from 10 March 2021...
Digitalisation | Cyber Risks | Innovation

ESAs letter on the Digital Operational Resilience Act (DORA)

Sustainability | Disclosure

Final Report on draft Regulatory Technical Standards

The European Supervisory Authorities (ESAs) have developed through the Joint Committee (JC) draft Regulatory Technical Standards (RTS) with regard to the content, methodologies and presentation of sustainability-related disclosures under empowerments Articles 2a, 4(6) and (7), 8(3), 9(5), 10(2) and...