ECB and EBA step up efforts to make banking industry data reporting more efficient
ECB and EBA establish Joint Bank Reporting Committee to make data reporting by the banking industry more efficient New structure will harmonise and integrate reporting of statistical, supervisory and resolution data with the aim of developing [...]
MFSA Shifts to Outcomes-Based Supervision in 2024
The Malta Financial Services Authority (MFSA) has released its Supervisory Priorities for 2024. This document sets the MFSA’s focus for its supervisory engagement in 2024 and outlines how it is implementing an outcomes-based approach to [...]
CSRD (Corporate Sustainability Reporting Directive) – The What, When and Why
What - The Corporate Sustainability Reporting Directive (CSRD) is a proposed legislative framework by the European Union (EU) that aims to enhance and standardise sustainability reporting by companies operating within the EU. It builds [...]
Supervisors of banks are making progress in the fight against financial crime, the EBA finds
The European Banking Authority (EBA) published today the findings from its 2022 review of competent authorities’ approaches to tackling money laundering and terrorist financing (ML/TF) risks in the banking sector. For this Report, the EBA [...]
ECB welcomes European Commission legislative proposals on digital euro and cash
Proposed legislation establishes framework facilitating the possible introduction of a digital euro that is widely usable and available throughout the euro area ECB also welcomes Commission proposal to protect legal tender status of euro cash [...]
Card fraud in Europe declines significantly
Card fraud in 2021 falls to lowest level since start of data collection 12% decline in card-not-present fraud after introduction of strong customer authentication 63% of total value of card fraud involves cross-border transactions The [...]