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MiCA and PSD2: EBA issues No Action letter on dual authorisation

The EBA has set out its opinion on the interplay between MiCA and PSD2 in relation to crypto-asset service providers (CASPs) that transact with electronic money tokens (i.e. a category of stablecoins under MiCA). The EBA...more

The European Commission rejects draft Regulatory Technical Standards on subcontracting under the Digital Operational Resilience...

What has happened: On 21 January 2025, the European Commission sent a letter to the Chair of the Joint Committee of the ESAs with its decision to reject the draft Regulatory Technical Standards (“RTS”) on subcontracting...more

The EU's Markets in Crypto Assets (MiCA) regulation

On 26 June 2024, Hogan Lovells, in collaboration with Buen Crypto, hosted an event to discuss imminent implications for firms who will be subject to the Markets in Crypto Asset Regulation (MiCA) due to come into force from 30...more

EU election results – what does this mean for Hungary?

This article outlines the four key implications for Hungary following the 2024 EU Elections. The 2024 EU Parliament elections, which were held together with local government elections, have reshaped the political map in...more

The 2024 EU elections – What do industry sectors need to look out for?

This article considers the likely mandates to come forward as part of the new EU Parliament and what impact these may have on different industry sectors. We take a look at what impact these elections will have on different...more

EU elections results – what does this mean for the U.S.?

This article outlines the three key things that may impact the U.S. as a result of the EU election results. The impact of these elections will reverberate beyond the EU, and some in the U.S. may be wondering what this may say...more

Five key takeaways from the 2024 EU elections

This article considers the likely future mandates from the EU Parliament following the 2024 EU elections. As ballot boxes close and the final votes are being counted, we have begun to see what the composition of the...more

EUCS: controversial data sovereignty issues continue to drive debate for cloud services

The European Union Cloud Services Scheme (“EUCS”) is a certification framework for cloud services introduced under the EU Cybersecurity Act. Currently still under consultation, the EUCS, once finalised, will be implemented by...more

PSD3: European Parliament adopts amended PSD3 and PSR texts at first reading

On 23 April 2024, the European Parliament announced its adoption at first reading of amended texts of the European Commission’s June 2023 legislative proposals for a Directive on payment services and electronic money services...more

Frankfurt to host the EU Anti-Money Laundering Authority

After a much anticipated vote, Frankfurt will be the host of AMLA. Frankfurt came out as the winner with 28 votes. Madrid came in second with 16, Paris in third with 6 and Rome in fourth with 4 in a vote that required just...more

Evolution not revolution: European Commission publishes financial data access and payments package

As part of the European Commission’s 2020 Retail Payments Strategy and following its 2022 review of PSD2 and related consultations, it has published legislative proposals to improve the functioning of PSD2. The first is for a...more

Proposed EU AML/CFT Regulation: Cryptoassets are key focus of ECON/LIBE Committees’ adopted position

On 28 March 2023, the European Parliament’s Economic and Monetary Affairs (ECON) Committee and Civil Liberties, Justice and Home Affairs (LIBE) Committee voted through their position on the proposed anti-money laundering and...more

Financial Institutions Horizons 2023

The outlook for 2023 looks uncertain, following another tumultuous year. The collapse of a number of large cryptocurrency exchanges has shone another spotlight on the digital asset market. The financial system’s resilience...more

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