Library of the Joint Committee
Financial literacy and education
ESAs Thematic Report on national financial education initiatives on digitalization, with a focus on cybersecurity, scams and fraud
The European Supervisory Authorities have issued a thematic report on the implementation across the EU of national financial education initiatives on digitalization, with a focus on cybersecurity, scams and fraud. The report provides meaningful insights for NCAs and other public entities on good...
Regulation
Joint Committee advice on the review of the securitisation prudential framework
The Joint Committee of the European Supervisory Authorities (hereafter the “JC”) received a call for advice (CfA) from the European Commission (EC) in October 2021 to assess whether the current securitisation framework, including its prudential aspects, is functioning in an optimal manner and to...
Regulation | Sustainability
ESAs' letter to the European Commission regarding a delay in delivery of mandate to review SFDR Delegated Regulation
Organisation
2023 Work Programme of the Joint Committee of the European Supervisory Authorities
In 2023 the Joint Committee work will continue to focus on areas such as consumer protection, sustainable finance, risk assessment, securitisation, digitalisation and financial innovation, among others.
Sustainability | Disclosure
ESAs Final Report on disclosures for fossil gas and nuclear energy investments under SFDR
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 information to be provided in pre-contractual documents, on websites, and in periodic reports about the exposure of...
Risk assessment
Joint Committee Report on risks and vulnerabilities in the EU financial system - Autumn 2022
The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their Autumn 2022 joint risk report. The report highlights that the deteriorating economic outlook, high inflation and rising energy prices have increased vulnerabilities across the financial sectors. The ESAs...
Sustainability
European Commission's call for advice to the ESAs on greenwashing risks and the supervision of sustainable finance policies
Sustainability
Joint ESAs’ Report on the extent of voluntary disclosure of principal adverse impact under the SFDR
Report to the Commission under Article 18 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐related disclosures in the financial services sector.
Regulation
ESAs Final Report on EMIR draft RTS with regards to intragroup contracts
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...
Supervision
Joint ESAs Report on the withdrawal of authorisation for serious breaches of AML/CFT rules
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).
PRIIPs
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...
Sustainability
Mandate to the ESAs to develop SFDR regulatory technical standards on principal adverse impacts indicators
Sustainability
Mandate to the ESAs to develop SFDR regulatory technical standards on product exposures to gas and nuclear activities
Regulation | PRIIPs
Technical advice on the review of PRIIPs Regulation
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...
Organisation
Joint Committee Annual Report 2021
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-...
Risk assessment
Joint Committee Report on risks and vulnerabilities in the EU financial system - Spring 2022
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
Warning to consumers on the risks of crypto-assets
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...
Digitalisation
Joint ESAs Report on Digital Finance
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
Repository of national financial education initiatives on digitalisation
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 .
Cyber Risks
ESAs statement on ESRB Recommendation on a pan-European systemic cyber incident coordination framework
Taxonomy
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 and presentation of disclosures under Articles 8(4), 9(6) and 11(5) of Regulation (EU) 2019/2088 (‘Sustainable Finance Disclosure...
Supervision
Report on the independence of National Competent Authorities
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...
Organisation
2022 Work Programme of the Joint Committee of the European Supervisory Authorities
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...
Risk assessment
Joint Committee Report on risks and vulnerabilities in the Eu financial system - Autumn 2021
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.