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European Union EIOPA Financial Services Industry

The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of... more +
The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -
Paul Hastings LLP

AFME EU and UK Approaches to Greenwashing Enforcement in the Financial Market: A Comparison

Paul Hastings LLP on

The briefing contains a mapping exercise and analysis of the approach taken by the European Supervisory Authorities and the U.K.’s Financial Conduct Authority to address risks or concerns relating to such greenwashing. The...more

Skadden, Arps, Slate, Meagher & Flom LLP

Countdown to DORA – Four Takeaway Points From Regulators’ December Statements

The EU’s Digital Operational Resilience Act (DORA) becomes binding on 17 January 2025. As the compliance deadline approaches, EU financial regulators (ESAs) have issued a flurry of statements on the act, including: - An...more

King & Spalding

EU DORA: Are you in scope, and if so, how can you prepare?

King & Spalding on

The Digital Operational Resilience Act (DORA) establishes a harmonised and comprehensive framework for information and communication technology (ICT) risk management in the financial sector. It is a directly applicable EU...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula Podcast | The SFCR and Other Public Reporting: A Solvency II Cornerstone

“The Standard Formula” host Rob Chaplin is joined by Chiara Iorizzo to delve into the crucial, yet complex, public reporting component of Solvency II. This episode explores the Solvency and Financial Condition Report...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Standard Formula: A Guide to Solvency II – Chapter 12: Undertakings in Difficulty

Undertakings in difficulty, in the context of Solvency II, refers to insurers that are either failing or likely to fail to meet their solvency capital requirement (SCR) or their minimum capital requirement (MCR) (together,...more

Walkers

Global Legal Insights FinTech 2024: Ireland chapter

Walkers on

The Irish government has been supportive of the development of the financial services sector in Ireland and this extends to fintech. The government’s strategy for the development of Ireland’s international financial services...more

Goodwin

EU AI Act: Key Points for Financial Services Businesses

Goodwin on

The European Union (EU) Artificial Intelligence Act (AI Act), Regulation (EU) 2024/1689 of the European Parliament and of the Council of 13 June 2024 laying down harmonised rules on artificial intelligence and amending...more

Cadwalader, Wickersham & Taft LLP

European Financial Regulators Define Greenwashing, Outline Risks and Propose Mitigation Approaches

In progress reports to the European Commission (EC) published on June 1, 2023, the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority...more

A&O Shearman

EU Supervisory authorities launch consultation on the first batch of ICT security documentation under DORA

A&O Shearman on

The European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) (together the European Supervisory authorities or ESAs)...more

Hogan Lovells

Operational resilience regulatory framework in Europe

Hogan Lovells on

In recent years, operational resilience has come under the spotlight of financial regulators globally, leading to a proliferation of new regulation. The sheer number of publications on this topic can be confusing for...more

Hogan Lovells

The EU proposed digital operational resilience regulation

Hogan Lovells on

The European Commission has published a proposed Regulation on digital operational resilience within the financial services sector in the EU. This will replace and harmonise existing guidance in relation to ICT and security...more

Proskauer Rose LLP

Regulation Round Up - July 2020

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30 July - The Financial Conduct Authority (“FCA”) updated its webpage on the High Court business interruption insurance test case. The Prudential Regulation Authority (“PRA”) published a consultation paper (CP11/20)...more

Hogan Lovells

EIOPA Recommendations On Flexibility For Supervisory Reporting And Public Disclosure Deadlines

Hogan Lovells on

The European Insurance and Occupational Pensions Authority (EIOPA) has on 20 March 2020 published recommendations on supervisory flexibility regarding the deadline of supervisory and public disclosure by insurers, in light of...more

Hogan Lovells

EIOPA statement on actions to mitigate the impact of Coronavirus on the EU insurance sector

Hogan Lovells on

The European Insurance and Occupational Pensions Authority (EIOPA) issued on 17 March 2020 a statement addressed to the EU insurance sector acknowledging the significant consequences for financial services that the...more

Hogan Lovells

Corporate Insurance Newsletter – February 2020

Hogan Lovells on

Dormant assets scheme: HM Treasury and DCMS consult on expansion - HM Treasury and the Department for Digital, Culture, Media and Sport (DCMS) jointly published on 21 February 2020, a consultation paper on expanding the...more

Hogan Lovells

Corporate Insurance Newsletter – January 2020

Hogan Lovells on

The Hogan Lovells’ Corporate Insurance Newsletter for January 2020 has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. In this...more

BCLP

Planning for a post-Brexit world: spotlight on insurance

BCLP on

Financial services firms have spent a small fortune in planning for a post-Brexit world. Now that the UK has left the EU and we are in an implementation period due to end on 31 December 2020, this article looks at what forms...more

Proskauer Rose LLP

Regulation Round Up - July 2019

Proskauer Rose LLP on

1 July - The Financial Conduct Authority ("FCA") published a policy statement (PS19/19) setting out the final 2019/20 regulatory fees and levies. The European Insurance and Occupational Pensions Authority ("EIOPA")...more

A&O Shearman

Key Regulatory Topics: Weekly Update 12 July 2019 - 18 July 2019

A&O Shearman on

BREXIT - EEA Joint Committee Decisions - On 18 July, four Decisions of the EEA Joint Committee made on 29 March and five Decisions made on 11 April that amend Annex IX (Financial Services) to the EEA Agreement were...more

A&O Shearman

Key Regulatory Topics: Weekly Update 26 April - 2 May 2019

A&O Shearman on

CONSUMER/RETAIL - FCA call for input on RDR and FAMR review - On 1 May, the FCA published a call for input on its plans to evaluate the Retail Distribution Review (RDR) and Financial Advice Markets Review (FAMR). The...more

A&O Shearman

Key Regulatory Topics: Weekly Update 5 to 11 April 2019

A&O Shearman on

BREXIT - On 11 April, the European Council Decision (EU) 2019/584, taken in agreement with the UK to extend the period under Article 50(3) TEU, was published in OJ. The European Council agreed to a further extension to...more

Hogan Lovells

EIOPA to produce cloud outsourcing guidelines for insurers

Hogan Lovells on

On 27 March 2019, the European Insurance and Occupational Pensions Authority (EIOPA) published a report that looks at outsourcing to the cloud by (re)insurers. ...more

Proskauer Rose LLP

Regulation Round Up - February 2019

Proskauer Rose LLP on

1 February - The Financial Conduct Authority ("FCA") published a press release announcing that it has agreed with the European Securities and Markets Authority ("ESMA") and other European Union securities regulators...more

A&O Shearman

Key Regulatory Topics: Weekly Update 22 February to 28 February 2019

A&O Shearman on

BREXIT- Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 made On 28 February, the Financial Services Contracts (Transitional and Saving Provision) (EU Exit) Regulations 2019 were...more

Hogan Lovells

Transition without a transition period: EIOPA issues recommendations on continuity of insurance contracts following no-deal Brexit

Hogan Lovells on

On 19 February 2019, the European insurance regulator EIOPA released recommendations for the insurance sector, calling on national supervisory authorities (“NCAs“) in the EU27 to minimise the detriment to insurance...more

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