EU & UK Reg Roundup 23/4/26
European Banking Authority
The EBA responds to the European Commission’s consultation on EU banking sector competitiveness
17 April 2026
The EBA responded to the European Commission’s consultation on strengthening the competitiveness of the EU banking sector. The authority emphasised the importance of completing the Single Market for banking, avoiding fragmentation of prudential rules and maintaining alignment with Basel III standards. It highlighted that while EU banks remain resilient, they face challenges from geopolitical developments and digitalisation, and called for regulatory simplification and greater cross-border integration.
The EBA publishes draft technical package for Reporting Framework v4.3
16 April 2026
The EBA released a draft technical package for Reporting Framework v4.3, introducing updates to supervisory reporting including new ITS for third-country branches and enhancements to DPM taxonomies. The package also supports identification of entities under the new Anti-Money Laundering Authority (AMLA) framework. Feedback is invited until 10 May 2026 ahead of finalisation in June 2026.
The EBA publishes report on banks’ dry-run testing of recovery plans
13 April 2026
The EBA published a report assessing banks’ dry-run testing of recovery plans, finding that regular and well-designed exercises enhance crisis preparedness and governance integration. The report highlights that more advanced institutions embed testing within management frameworks, while others treat it as a compliance exercise, and encourages stronger senior management involvement and alignment with resolution planning.
The EBA publishes decision harmonising reporting of SEPA data by national authorities
10 April 2026
The EBA adopted a decision to harmonise how national authorities report SEPA credit transfer and instant payment data, centralising submissions through the EBA before onward transmission to the European Commission. The change aims to reduce administrative burden, improve consistency and support monitoring of pricing rules for instant payments.
The EBA consults on major simplification of supervisory reporting framework
10 April 2026
The EBA launched a consultation proposing a significant simplification of supervisory reporting and benchmarking ITS. The proposals aim to reduce data points by around 50%, integrate stress-testing and benchmarking into regular reporting, and enhance proportionality for smaller institutions. Implementation is expected from September 2027.
The EBA consults on revised guidelines for exposures to shadow banking entities
9 April 2026
The EBA launched a consultation to revise guidelines on limits to exposures to shadow banking entities, aligning with the updated large exposures framework. Proposed changes include shifting the limit base to Tier 1 capital and removing the materiality threshold, while maintaining strong governance expectations.
The EBA publishes list of known Data Point Model (DPM) issues
9 April 2026
The EBA announced it will publish a regularly updated list of known DPM issues, including workarounds and resolution timelines. The initiative aims to improve transparency, reporting quality and operational efficiency for institutions.
ESAs publish Spring 2026 Joint Risk Update
27 March 2026
The Joint Committee of the ESAs highlighted that risks to the EU financial system remain elevated due to geopolitical tensions, higher interest rates and cyber risks. While the sector remains resilient, the ESAs pointed to vulnerabilities including asset repricing, liquidity risks and emerging risks in private markets, and urged firms to strengthen risk management frameworks.
European Securities and Markets Authority
ESMA publishes reporting templates for Active Account Requirement under EMIR 3
13 April 2026
ESMA released reporting templates and instructions for the Active Account Requirement (AAR) under EMIR 3, aiming to harmonise reporting by clearing participants. The first submission is due 31 July 2026, with reporting required on a semi-annual basis.
ESMA clarifies expectations for EU consolidated tapes implementation
1 April 2026
ESMA published a Q&A to support the implementation of EU consolidated tapes, providing guidance to trading venues and data contributors. The authority encouraged early engagement with consolidated tape providers and highlighted the need for robust data transmission and confidentiality arrangements.
ESMA postpones rollout of new commodity derivatives reporting system
27 March 2026
ESMA announced the postponement of a new commodity derivatives position reporting system following testing issues. Market participants should continue using the existing system until further notice.
Bank of England / Prudential Regulation Authority
PRA publishes Business Plan 2026/27
April 2026
The PRA published its Business Plan outlining key priorities, including implementation of Basel 3.1, development of the Strong and Simple framework, and enhancements to liquidity risk, operational resilience, climate risk and data capabilities. The plan also highlights continued focus on simplification and supervisory effectiveness.
Bank of England finalises changes to resolution reporting and disclosure requirements
26 March 2026
The Bank of England finalised reforms to resolution reporting and disclosure, reducing frequency for smaller firms and simplifying MREL reporting. From April 2026, firms with less than £100bn in retail deposits will move to biennial resolvability assessments, reducing burden while maintaining resolvability standards.