October 2024
Welcome to the latest edition of European Regulatory Radar
The new issue of European Regulatory Radar brings you the latest updates impacting financial services providers in the region.
Complementing the UK Regulatory Radar series, European Regulatory Radar provides an overview of the wider economic and political environment, progress across the regulatory agenda and deep-dive articles on some of the most important regulatory developments.
The wider economic and political environment
After securing her second term as Commission President, Ursula von der Leyen has proposed Commissioners to the EU Parliament for scrutiny. The new Commission, which should be finalised by December, will have to balance regulatory priorities with increasing industry calls for competitiveness.
The recent 'Draghi Report' presented several recommendations for EU financial services, including ESMA becoming a single supervisor for all EU security markets, and reconsideration of the Basel 3.1 roll-out. Such changes would bring the EU’s capital markets more in line with the US. However, whether any are taken forward remains to be seen.
Deep dives
The articles below provide more detailed insights on some of the most critical developments. Click on the links to read more:
Further updates
This issue of European Regulatory Radar is available at the link below:
Get in touch
Ian Nelson
Partner, Head of Financial Services & Regulatory
KPMG in Ireland