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Regulatory monitoring: EU version - July 2025

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - EBA: Report on the exemption of third country undertakings from the requirement to set-up a branch for the provision of banking services to EU...more

CRD VI—European Banking Authority report on direct provision of services from third country institutions

This note discusses the European Banking Authority’s (EBA’s) report, published on July 23, 2025, which addresses whether and when EU non-bank entities should be allowed to deal with locally unregulated non-EU banks. In some...more

EBA’s draft regulatory technical standards elaborate on requirements for EU branches of non-EU banks under CRD VI

Directive 2024/1619 (CRD VI) will (among other things) establish a new and more prescriptive EU regulatory regime for EU branches of non-EU banks. New harmonised licencing, authorisation, capital, liquidity, booking, and...more

Regulatory monitoring: EU version - June 2025

Our monthly regulatory newsletter monitors all relevant developments regarding European regulatory law in English language....more

Great Fund Insights: Navigating NAV issues in open-ended real estate funds during economic challenges

This publication focuses on the key issue currently facing managers of open-ended real estate funds offered to institutional investors: the difficulty of striking reliable valuations of properties under the economically...more

Regulatory monitoring: EU version Newsletter - February 2025

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) International - BCBS: Work programme and strategic priorities for 2025/26 Status: Final - The BCBS has published its work programme and strategic...more

Regulatory monitoring: EU version Newsletter - January 2025

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - EC: Communication on EU competitiveness compass - Status: Final - The EC has published a communication on a Competitiveness Compass for the EU,...more

Regulatory monitoring: EU version Newsletter - October 2024

1. Bank regulation - 1.1 PRUDENTIAL REGULATION - a) General - (i) EU - ESRB: Speech on old and new frontiers of the ESRB: Systemic risk, non-banks and data analysis - Status: Final - The ESRB has published a speech by...more

New licensing requirements for cross-border lending into Europe

New EU legislative requirements will reshape how non-EU (including European Economic Area) banks service EU clients on a cross-border basis. In this note we summarise the new regime, its implications for firms providing...more

French law revisits the MiFID RTO Service definition

A new decree no. 2023-813 of 22 August 2023 (the Decree) just amended the French definition of the MiFID service of reception and transmission of orders (the RTO Service) since 1st September 2023....more

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