Regulators across Europe are advancing a dense agenda of measures that affect financial institutions operating in France, ranging from crisis management planning to anti money laundering and securities settlement reform. The single resolution board has issued operational guidance on Business Reorganisation Plan Analysis Reports so that institutions can develop and demonstrate their ability to restore viability after resolution. In parallel, the European Commission has adopted Commission Delegated Regulation (EU) 2026/264, which amends regulatory technical standards supplementing the Benchmarks Regulation on third country administrator recognition applications, with the amended standards now published in the Official Journal of the European Union. These initiatives reflect a continued effort to refine the post crisis framework for supervised entities and the benchmark administrators that support their activities.
Supervisory authorities are also tightening expectations around newer asset classes and climate risk. The European Securities and Markets Authority has released official translations of guidelines that set criteria to assess knowledge and competence under the Regulation on markets in cryptoassets ((EU) 2023/1114), following a final report published in July 2025, which signals an emphasis on ensuring that staff dealing in cryptoassets meet consistent professional standards across the union. The European Banking Authority has circulated a draft of its 2027-2029 Single Programming Document that sets out planning of activities and corresponding resource requirements at a three year horizon and identifies three priorities for 2027-2029. In addition, the EBA has launched a consultation on draft amendments to guidelines (EBA/GL/2020/13) on appropriate subsets of sectoral exposures for application of a systemic risk buffer in order to address systemic risks stemming from climate change, indicating that macroprudential tools will be adapted to capture climate related vulnerabilities.
Data, transparency and international coordination are emerging as central themes. The European Banking Authority has put its Pillar 3 data hub into operation, and the hub discloses the data that large and other institutions began submitting on 26 January and significantly enhances the availability, usability and comparability of prudential information across the EU. The EU Authority for Anti Money Laundering and Countering the Financing of Terrorism has started a data collection exercise to test and calibrate its risk assessment models, and these models will inform the selection of up to 40 entities for the authority’s direct supervision as well as its broader supervisory strategy. Market infrastructure is also in transition, with the Investment Association issuing a report titled T+1 Settlement Navigating the UK EU and Swiss Transition that sets out a roadmap for moving from a trade date plus two (T+2) to a trade date plus one (T+1) settlement cycle in UK and European Union securities markets, which is currently targeted but not yet implemented. Alongside these sector specific changes, cross border horizon scanning projects highlight growing international collaboration between regulators, led in Europe by an increasingly active European Public Prosecutor’s Office, and map expected regulatory developments in 2026 across the United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, Türkiye, United States, UAE, Australia and China.
