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2025 Joint ESA stocktaking of BigTechs’ direct financial services activities in the EU
EBA BSG 2025 030 rev. 1 (Minutes - 2 July 2025)
ESAs’ Joint Committee publishes Work Programme for 2026
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today presented its 2026 Work Programme, outlining key areas of collaboration for the coming year. The upcoming Programme aims to strengthen the financial system’s digital operational resilience, ensure the continued protection of consumers, and identify risks that could undermine financial stability.
The EBA publishes its 2024 Report on supervisory convergence
The European Banking Authority (the EBA) today published its annual Report on convergence of supervisory practices for 2024 across the European Union (EU). The Report details the EBA’s extensive efforts to strengthen the alignment of supervisory approaches across Member States and across all dimensions of its activities: prudential, resolution, consumer protection, digital finance and, until the end of 2025, anti-money laundering/countering the financing of terrorism (AML/CFT). This is also a first step in implementing the recommendations set out in the EBA’s Report on the efficiency of the regulatory and supervisory framework. Going forward, the EBA will further deepen its focus on supervisory outcomes to ensure consistent and robust supervision across the EU.
MICA042 - Offerors and CASPs’ responsibilities with regards to white papers for Title II tokens admitted to trading prior to 30 December 2024
What are the respective responsibilities of offerors, persons seeking admission to trading, operators of trading platforms and other CASPs mentioned in Article 66(3) of MiCA with regard to white papers for crypto-assets other than ARTs and EMTs that were admitted to trading prior to 30 December 2024?
The EBA and ESMA recommend targeted revisions to the investment firms’ prudential framework
The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have issued their technical advice in response the European Commission's Call for Advice (CfA) on the Investment Firms Regulation (IFR) and Investment Firms Directive (IFD). They propose limiting significant changes to the framework, which has proven to be fit-for-purpose, as confirmed by stakeholder feedback during the joint consultation.
MICA041 - How to distinguish between different execution services
How should the crypto-asset services of ‘exchange of crypto assets for funds’ or ‘exchange of crypto assets for other crypto assets’ (Article 3(1)(16c and d respectively) of MiCA), ‘execution of orders for crypto-assets on behalf of clients’ (Article 3(1)(16e), and ‘reception and transmission of orders for crypto-assets on behalf of clients’ (Article 3(1)(16g)) be distinguished from one another?
Report on Supervisory Convergence 2024
Report on the Call for Advice on the investment firms prudential framework
2025 10 15 Letter to Mr Berrigan re the Final report on the CfA on the investment firms prudential framework
ROPAp - DORA Oversight
Report on white labelling
White labelling of financial services and products in the EU (factsheet)
Joint General Privacy statement - DORA Oversight
The EBA finds that white labelling is widely used in banking and payments
The European Banking Authority (EBA) today published a Report on white labelling, i.e. a business model in which a financial institution works with another company (partner)—sometimes not even a financial firm—to offer products and services under the partner’s brand. The EBA found that over a third of banks surveyed in 2025 use this model and has identified a need for ongoing supervisory convergence actions that will be taken forward in 2026.
Board of Supervisors meeting
The EBA updates list of third-country groups and branches operating in the European Union and the European Economic Area
The European Banking Authority (EBA) today released an updated list of third-country groups and third-country branches operating across the European Union and the European Economic Area (EU/EEA). This annual publication enhances market transparency by providing stakeholders with clear information on the ownership structures of institutions operating within the EU/EEA under foreign control.