Latest news from EU institutions and bodies

ESMA reappoints three members to its Management Board 04 July 2024 About ESMA Management Board The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has reappointed three current members to its Management Board. The appointments took place at the Board of Supervisors meeting on 3 July 2024. The members who have been reappointed are: Thorsten Pötzsch, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin);  Rodrigo Buenaventura, Comisión Nacional del Mercado de Valores (CNMV) and Eduard Müller, Finanzmarktaufsicht (FMA) Their respective second terms will commence on 1 October 2024 and end on 31 March 2027. The Management Board, chaired by Verena Ross, Chair of ESMA, is responsible for ensuring that the Authority carries out its mission and performs the tasks assigned to it under its founding Regulation. The Management Board consists of: Verena Ross, European Securities and Markets Authority (ESMA); Vojtech Belling, Česká národní banka (CNB); Thorsten Pötzsch, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin); Armi Taipale, Finanssivalvonta (FIN-FSA); Vasiliki Lazarakou, Ελληνική Επιτροπή Κεφαλαιαγοράς (HCMC); Rodrigo Buenaventura, Comisión Nacional del Mercado de Valores (CNMV); Eduard Müller, Finanzmarktaufsicht (FMA) Natasha Cazenave, European Securities and Markets Authority (non-voting); and A European Commission representative (non-voting)   Further information: Solveig Kleiveland Communications Team Leaderpress@esma.europa.eu

Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1770 of 24 June 2024 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine.

Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1709 of 17 June 2024 amending Decision 2014/386/CFSP concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol.

Statement by the High Representative on behalf of the European Union on the alignment of certain third countries with Council Decision (CFSP) 2024/1603 of 31 May 2024 amending Decision (CFSP) 2016/849 concerning restrictive measures against the Democratic People’s Republic of Korea.

President of the Eurogroup, Paschal Donohoe, is travelling to Greece on 4 July and France on 5 July.

European Commission Speech Brussels, 03 Jul 2024 Distinguished Guests, I am so pleased to welcome you to this event on an issue that has been the compass of my mandate and even my whole political career: tackl...

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