Latest news from EU institutions and bodies

ESAs publish Joint Annual Report for 2023 07 June 2024 Joint Committee The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) today published its 2023 Annual Report, providing an account of the joint work completed over the past year. In 2023, under the EBA's chairmanship, the Joint Committee continued to play a coordinating role to facilitate discussions and the exchange of information across the three ESAs, the European Commission, and the European Systemic Risk Board (ESRB). Through the Joint Committee the ESAs explore and monitor potential emerging risks for financial markets participants and the financial system as a whole. The main areas of cross-sectoral focus were joint risk assessment, sustainable finance, digitalisation, consumer protection, securitisation, financial conglomerates, and central clearing. Among the Joint Committee’s main deliverables were policy products for the implementation of the Digital Operational Resilience Act (DORA) as well as ongoing work related to the Sustainable Finance Disclosure Regulation (SFDR). Background The Joint Committee is a forum with the objective of strengthening cooperation between the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), collectively known as the three European Supervisory Authorities (ESAs).Through the Joint Committee, the three ESAs coordinate their supervisory activities in the scope of their respective responsibilities regularly and closely and ensure consistency in their practices.   Further information: Aleksandra Bojanić Senior Communications Officer@ press@esma.europa.eu 07/06/2024 JC 2024 16 Joint Committee Annual Report 2023

ESAs and ENISA sign a Memorandum of Understanding to strengthen cooperation and information exchange 05 June 2024 Digital Finance and Innovation International cooperation Joint Committee Press Releases The European Supervisory Authorities (EBA, EIOPA, and ESMA - the ESAs) today announced that they have concluded a multilateral Memorandum of Understanding (MoU) to strengthen cooperation and information exchange with the European Union Agency for Cybersecurity (ENISA). This multilateral MoU formalises the ongoing discussions between the ESAs and ENISA to strengthen their already close cooperation, as a result of the Directive on measures for a high common level of cybersecurity (NIS2 Directive) and the Digital Operational Resilience Act (DORA).  This MoU sets out the framework for cooperation and exchange of information on tasks of mutual interest, including policy implementation, incident reporting, and oversight of critical Information Communication Technologies (ICT) third-party providers. It will also promote regulatory convergence, facilitate cross-sectoral learning and capacity building on areas of mutual interest, and information exchange on emerging technologies. Verena Ross, Chair of the Joint Committee of the ESAs and ESMA Chair, said: This new cooperation agreement that we sign today will reinforce the collaboration between the ESAs and ENISA. By bringing together the ESAs working on cybersecurity risk in the financial sector and ENISA as the EU’s cybersecurity agency, we are further strengthening our commitment to safeguarding the financial system from information security risks.  In an interconnected world, ICT risk does not limit itself to one geographical or sectoral area, making cooperation in this field crucial. Through facilitating collaboration and resource sharing, we continue to enhance our capability to detect and respond to cybersecurity threats. Juhan Lepassaar, Executive Director of the European Union Agency for Cybersecurity (ENISA), highlighted:  The MoU signed today showcases our willingness to move forward with a common and comprehensive approach in cybersecurity both at sectorial and horizontal level. Our efforts towards the implementation and harmonisation of NIS2 and DORA provisions, such as those on incident reporting, are paving the way to intensify our endeavours in creating a robust mechanism for cybersecurity in financial ICT systems.  Notes to editors The Directive on measures for a high common level of cybersecurity across the Union (NIS2 Directive) is the EU-wide legislation on cybersecurity which provides legal measures to boost the overall level of cybersecurity in the EU. The Digital Operational Resilience Act (DORA) sets a harmonised and comprehensive regulatory framework on digital operational resilience for EU financial entities and introduces oversight over Critical Third-party ICT Providers (CTPPs). About ENISA The European Union Agency for Cybersecurity, ENISA, is the Union's agency dedicated to achieving a high common level of cybersecurity across Europe. Established in 2004 and strengthened by the EU Cybersecurity Act, ENISA contributes to EU cyber policy, enhances the trustworthiness of ICT products, services, and processes with cybersecurity certification schemes, cooperates with Member States and EU bodies, and helps Europe prepare for the cyber challenges of tomorrow. Through knowledge sharing, capacity building and awareness raising, the Agency works together with its key stakeholders to strengthen trust in the connected economy, to boost resilience of the Union’s infrastructure, and, ultimately, to keep Europe’s society and citizens digitally secure. About the ESAs The three European Supervisory Authorities (the EBA, EIOPA and ESMA) have the objective to protect the public interest by contributing to the short, medium, and long-term stability and effectiveness of the financial system, for the Union economy, its citizens, and businesses. The ESAs are tasked with developing and implementing a common regulatory framework and convergent supervisory practice across the EU. While most ongoing supervision of financial institutions still rests with the national supervisory authorities, the ESAs also carry out micro-prudential supervision of the EU financial markets along with the national supervisory authorities of the member states, as well as direct supervision of some market players. Through the Joint Committee, the three ESAs coordinate their supervisory activities in the scope of their respective responsibilities regularly and closely and ensure consistency in their practices. The three ESAs Joint Committee is chaired alternately each year by one of the authorities. In 2024 the forum is chaired by ESMA.    More information: Cristina Bonillo Senior Communications Officerpress@esma.europa.eu 05/06/2024 MoU ESAs-ENISA Memorandum of Understanding on cooperation between the ESA and ENISA

The registration for the 11th Joint Consumer Protection Day organised by the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) on 3 October 2024 in Budapest, Hungary is now open. Interested stakeholders can register until 2 September 2024.

European Commission Speech Lisbon, 03 Jul 2024 This is great day. A big day. A big day for Europe. And a big day for all of you. In January 2022 I proposed a new and stronger mandate for you.   And today, tw...

The representatives of member states’ governments appointed three judges and an advocate-general to the Court of Justice as part of its 2024 partial renewal.

Marking a historic moment, one year ago today, Eurojust launched the International Centre for the Prosecution of the Crime of Aggression (ICPA) - a unique judicial coordination platform dedicated to supporting national investigations into the crime of aggression related to the war in Ukraine.Since its launch in July 2023, the ICPA has made significant progress in building a common investigative and prosecutorial strategy for cases on the crime of aggression. ICPA participants have selected relevant evidence to focus on, and have coordinated and strengthened ongoing investigative efforts at national level.

EIOPA publishes monthly technical information for Solvency II Relevant Risk-Free Interest Rate Term Structures – end-June 2024

EIOPA publishes biannual shifted risk-free rates for duration calculation in financial stability reporting – end-June 2024

Monthly update of the symmetric adjustment of the equity capital charge for Solvency II – end-June 2024