Grant Thornton’s "The Financial Services Insider" is a Βiannual Newsletter designed to help you navigate the constantly changing regulatory landscape within which your business operates.
"The Financial Services Insider" covers the main regulatory developments in the Financial Services sector, published by the EU and Greek competent authorities the previous half, in order to help you remain up to date with the most significant regulatory updates affecting your organization.
The most important highlights
The 4th quarter of 2023 and the 1st quarter of 2024 were marked by several regulatory developments in various areas such as AML, ESG, Fintech, Risk Management, Insurance, MIFID II and Capital Markets.
Anti-Money Laundering (AML)
EBA issued guidance to AML/CFT supervisors of CASPs and crypto-asset service providers.
Capital markets
EBA updated technical standards on supervisory colleges.
ESG
EBA recommended enhancements to the Pillar 1 framework to capture environmental and social risks.
Fintech
ESMA finalised first rules on crypto-asset service providers.
Insurance
Insurance Europe responded to the second batch of draft DORA measures & EIOPA published a research which probes reasons behind consumers’ reluctance to taking out natural catastrophe insurance.
MIFID II
ESMA launched a common supervisory action with NCAs to coordinate supervisory activities on MiFID II pre-trade controls.
Risk Management
ESAs published first set of rules under DORA for ICT and EBA published its annual risk assessment of the European banking system.
Other
EC endorsed Greece's €35.95 billion modified recovery and resilience plan.
