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Operational Resilience / Outsourcing in European Union

Operational Resilience / Outsourcing regulatory updates from European Union.

🇪🇺 All European Union updates All Operational Resilience / Outsourcing updates globally 58 updates
🇪🇺 ESMA Warning high

ESAs spring risk update highlights geopolitical pressures and rising private finance risks

ESAs spring risk update highlights geopolitical pressures and rising private finance risks 27 March 2026 Joint Committee Risk monitoring The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their spring 2026 Joint Committee update on risks and vulnerabilities in the EU financial system. The update focuses on the challenges arising from ongoing geopolitical tensions and developments in private finance. Geopolitical tensions continue to pose significant risks Th...

Sectors:
Banking & CreditInvestment ManagementInsurance & Pensions
Topics:
Prudential / Capital RequirementsOperational Resilience / OutsourcingESG
BankAsset ManagerInsurance
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🇪🇺 ESMA News high

EU financial markets enter 2026 amid high-risk environment

EU financial markets enter 2026 amid high-risk environment 11 March 2026 Press Releases Risk monitoring The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today its first risk monitoring report of 2026 , outlining the key risks and vulnerabilities in EU financial markets. ESMA finds that risks of market and systemic stress remain high despite resilient market performance in the second half of 2025. Our risk assessment for the s...

Sectors:
Capital Markets & TradingCrypto & Digital Assets
Topics:
Market Abuse / SurveillanceOperational Resilience / OutsourcingTechnology & Cyber
BankBroker DealerCrypto Exchange
Fintech
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🇪🇺 ESMA Consultation high

ESMA consults on post-trade risk reduction services under EMIR 3

ESMA consults on post-trade risk reduction services under EMIR 3 26 February 2026 Post Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on the requirements for how post-trade risk reduction (PTRR) services can benefit from the conditioned exemption from the clearing obligation introduced under the European Market Infrastructure Regulation (EMIR 3). ESMA is seeking feedback on several elements of the ...

AI Analysis

ESMA has launched a consultation on draft Regulatory Technical Standards (RTS) that establish requirements for **post-trade risk reduction (PTRR) services** to qualify for a conditioned exemption from the mandatory clearing obligation under EMIR 3. This framework is critical because it balances market efficiency gains from risk reduction tools against systemic risk concerns, requiring compliance professionals to understand new operational, transparency, and monitoring requirements before the standards take effect.

Sectors:
Capital Markets & TradingBanking & Credit
Topics:
Reporting & DisclosurePrudential / Capital RequirementsOperational Resilience / Outsourcing
Broker DealerAsset ManagerBank
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🇪🇺 ESMA News medium

ESMA issues a supervisory briefing on algorithmic trading

ESMA issues a supervisory briefing on algorithmic trading 26 February 2026 Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published a supervisory briefing to support consistent supervision of algorithmic trading across the EU. The briefing provides National Competent Authorities (NCAs) with practical tools and clarified expectations for supervising firms engaged in algorithmic trading under MiFID II. It focuses on key a...

Sectors:
Capital Markets & Trading
Topics:
Technology & CyberOperational Resilience / OutsourcingAuthorisation & Licensing
Broker DealerFintechAll Firms
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🇪🇺 ESMA Consultation high

ESMA consults on guarantees as CCP collateral and on certain aspects of CCP investment policy

ESMA consults on guarantees as CCP collateral and on certain aspects of CCP investment policy 23 February 2026 CCP The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a public consultation following the review of the European Market Infrastructure Regulation (EMIR 3). ESMA is encouraging all interested stakeholders, including non-financial counterparties (NFCs), to share their views about: the relevant conditions under which ...

AI Analysis

ESMA has launched a public consultation under EMIR 3 to gather stakeholder input on conditions for CCPs accepting public guarantees, public bank guarantees, and commercial bank guarantees as collateral, eligibility of debt instruments for CCP investment policies, and secured arrangements for emission allowances as margins or default fund contributions. This matters because it permanently broadens eligible collateral types and extends access to NFC clients, enhancing EU CCP efficiency, competitiveness, and accessibility amid liquidity pressures in energy and other markets.

Sectors:
Capital Markets & TradingBanking & CreditPayments & E-Money
Topics:
Prudential / Capital RequirementsReporting & DisclosureOperational Resilience / Outsourcing
BankBroker DealerAll Firms
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🇪🇺 ESMA Guidance high

ESMA publishes a supervisory briefing on the AAR representativeness obligation

ESMA publishes a supervisory briefing on the AAR representativeness obligation 20 February 2026 CCP The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a supervisory briefing on the representativeness obligation linked to the active account requirement (AAR). The briefing sets out ESMA’s supervisory expectations for how counterparties should comply with and report on the AAR representativeness obligation. It provides guidanc...

AI Analysis

ESMA has published supervisory guidance clarifying how counterparties must comply with the **representativeness obligation** under the Active Account Requirement (AAR), a key component of EMIR 3 that mandates EU counterparties maintain active accounts at EU central counterparties (CCPs) and clear representative volumes of derivatives trades. This briefing is critical because market participants and regulators have held conflicting interpretations of the representativeness requirement, creating compliance uncertainty that this guidance now resolves.

Sectors:
Capital Markets & TradingBanking & CreditInvestment Management
Topics:
Reporting & DisclosureOperational Resilience / OutsourcingPrudential / Capital Requirements
Asset ManagerBroker DealerBank
Hedge Fund
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🇪🇺 ESMA Enforcement high

ESMA sanctions Regis-TR for serious breaches of organisational obligations

ESMA sanctions Regis-TR for serious breaches of organisational obligations 19 February 2026 Press Releases Securities Financing Transactions Supervision Trade Repositories The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial markets regulator and supervisor, has fined the trade repository (TR) REGIS-TR, S.A. a total of EUR 1,374,000 for seven infringements under the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions ...

AI Analysis

ESMA has fined REGIS-TR, S.A. €1,374,000 for seven negligent breaches of organisational obligations under EMIR and SFTR, marking the first SFTR enforcement action and ESMA's highest fine against a trade repository. The breaches involved deficiencies in policies, procedures, organisational structure, operational risk management, and data confidentiality, compromising SFTR reporting and market data integrity. This underscores ESMA's intensified enforcement on trade repositories (TRs) to ensure high-quality data for market surveillance and financial stability.

Sectors:
Capital Markets & Trading
Topics:
Reporting & DisclosureOperational Resilience / OutsourcingSenior Managers / Governance
All Firms
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🇪🇺 ESMA Consultation high

ESMA publishes list of supplementary deferrals for sovereign bonds

ESMA publishes list of supplementary deferrals for sovereign bonds 19 February 2026 Post Trading The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), has agreed supplementary deferrals that may be applied on top of the standard Markets in Financial Instruments Regulation (MiFIR) deferral regime for sovereign bonds. ESMA and all NCAs, except the National Bank of Slovakia (NBS), have decided to allow the following supplementary deferrals: fo...

AI Analysis

ESMA has authorized **supplementary deferrals for sovereign bond post-trade transparency**, allowing market participants to omit transaction volumes from immediate publication for medium-sized trades on liquid bonds, with full disclosure required by end-of-day. This measure balances market transparency with liquidity protection in EU sovereign bond markets, effective May 4, 2026, with a compressed implementation timeline requiring immediate compliance planning.

Sectors:
Capital Markets & TradingInvestment ManagementBanking & Credit
Topics:
Reporting & DisclosureMarket Abuse / SurveillanceOperational Resilience / Outsourcing
Broker DealerAsset ManagerBank
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🇪🇺 ESMA News high

The European Supervisory Authorities and UK financial regulators sign Memorandum of Understanding on oversight of critical ICT third-party service providers under DORA

The European Supervisory Authorities and UK financial regulators sign Memorandum of Understanding on oversight of critical ICT third-party service providers under DORA 14 January 2026 Digital Finance and Innovation International cooperation The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have today signed a Memorandum of Understanding (MoU) with the Bank of England (BoE), the Prudential Regulation Authority (PRA), and the Financial Conduct Authority (FCA). This agreement...

Sectors:
Banking & CreditInvestment ManagementWealth & Private Banking
Topics:
Operational Resilience / OutsourcingTechnology & Cyber
BankAsset ManagerWealth Manager
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🇪🇺 ESMA News medium

ESMA’s Digital and Data strategies support supervision of EU financial markets

ESMA’s Digital and Data strategies support supervision of EU financial markets 13 January 2026 About ESMA Market data Press Releases The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has adopted a new Digital Strategy and updated its Data Strategy . They reflect ESMA’s commitment to smarter regulatory reporting and technology-driven supervision, promote synergies and innovation while reducing unnecessary complexity. The digital strategy...

Sectors:
Capital Markets & TradingCrypto & Digital Assets
Topics:
Reporting & DisclosureTechnology & CyberOperational Resilience / Outsourcing
All Firms
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🇪🇺 ESMA Speech

Principles for risk-based supervision: a critical pillar for ESMA’s simplification and burden reduction efforts

Principles for risk-based supervision: a critical pillar for ESMA’s simplification and burden reduction efforts 09 January 2026 Supervision The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today its principles for risk-based supervision . These principles support a common and effective EU-wide supervisory culture and strengthen the EU single market. The principles on risk-based supervision outline key concepts and foundationa...

Sectors:
Capital Markets & TradingInvestment Management
Topics:
Prudential / Capital RequirementsOperational Resilience / Outsourcing
Asset ManagerBankBroker Dealer
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🇪🇺 ESMA Consultation medium

ESMA publishes latest Spotlight on Markets newsletter featuring updates on market integration and transparency

ESMA publishes latest Spotlight on Markets newsletter featuring updates on market integration and transparency 23 December 2025 ESMA newsletter The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published the latest edition of its Spotlight on Markets newsletter. This edition opens with ESMA welcoming the European Commission’s ambitious proposal on market integration, underlining the importance of deeper, more integrated and ef...

AI Analysis

ESMA's latest *Spotlight on Markets* newsletter (November/December 2025 issue, published 23 December 2025) summarizes key regulatory updates on EU market integration, transparency enhancements, and supervisory actions, including welcoming the European Commission's market integration proposal and announcing an equity consolidated tape provider (CTP) selection. This matters for compliance professionals as it signals accelerating EU efforts to deepen capital markets integration, improve data transparency, and strengthen oversight under MiFID II and DORA, potentially requiring firms to adapt governance, reporting, and conflict management practices.

Sectors:
Capital Markets & TradingInvestment Management
Topics:
Reporting & DisclosureMarket Abuse / SurveillanceOperational Resilience / Outsourcing
Asset ManagerBroker DealerAll Firms
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