The Financial Services Insider | Issue 18
NewslettersGrant Thornton’s "The Financial Services Insider" is a Quarterly Newsletter designed to help you navigate the constantly changing regulatory landscape within which your business operates.
Grant Thornton’s "The Financial Services Insider" is a Quarterly Newsletter designed to help you navigate the constantly changing regulatory landscape within which your business operates.
"The Financial Services Insider" covers the main regulatory developments in the Financial Services sector, published by the EU and Greek competent authorities the previous quarter, in order to help you remain up to date with the most significant regulatory updates affecting your organization.
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The most important highlights
The 2nd quarter of 2025 was marked by several regulatory developments in various areas such as Capital Markets, ESG, Fintech, Insurance and Risk Management.
Capital Markets
ESMA published i) implementing rules on Liquidity Management Tools for funds, ii) the final report on the active account requirement under EMIR 3 and iii) a final report that specifies the scope of CSDR cash penalties.
ESG
ESMA launched consultation on rules for external reviewers of European Green Bonds and EBA published key indicators on climate risk in the EU/EEA banking sector. Furthermore, ESMA published its report on the CSA carried out in 2023 and 2024 with NCAs on the integration of sustainability risks and disclosures in the investment management sector.
Fintech
ESMA issued supervisory guidelines to prevent market abuse under MiCA.
Insurance
EIOPA and Insurance Europe published their annual reports. Moreover, EIOPA:
- launched consultations on new rules related to group supervision, related undertakings and volatility adjustments following Solvency II Review;
- released a new study highlighting the importance of clearer and more consumer-friendly information disclosures regarding the natural catastrophe coverage of home insurance policies;
- published the results of the first coordinated mystery shopping exercise in the EU’s insurance sector.
Risk Management
Basel Committee continues to prioritise Basel III implementation, progresses work to strengthen supervisory effectiveness and discusses finalisation of principles on third-party risks. Furthermore, EBA:
- published key regulatory products on operational risk capital requirements and related supervisory reporting;
- updated technical standards on resolution planning reporting;
- published an updated list of indicators for risk assessment and risk analysis tools.
Other
EC published an analysis indicating that EU’s RRF impact is expected to reach EUR 891.7 billion by 2030. EBA and BIS published their annual reports. Also, ESAs published their Joint Annual Report for 2024.
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The Financial Services Insider | Issue 17
NewslettersGrant Thornton’s "The Financial Services Insider" is a Quarterly Newsletter designed to help you navigate the constantly changing regulatory landscape within which your business operates.
The Financial Services Insider | Issue 16
NewslettersGrant Thornton’s "The Financial Services Insider" is a Quarterly Newsletter designed to help you navigate the constantly changing regulatory landscape within which your business operates.