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European Regulators Announce Public Hearings and Consultations

The European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), and the National Bank of Slovakia (NBS) have announced a series of public hearings and consultations on various financial regulatory topics.

Upcoming Events

  • January 17: EBA’s Consultation Paper on Guidelines on Recovery Plans under MiCAR A virtual public hearing will be held from 10:00 to 12:00 CET to discuss the EBA’s consultation paper. The EBA will consider responses received by February 8, 2024.
  • January 30: Public Hearing on MiCAR Consultation Papers Another virtual public hearing is scheduled for January 30 from 10:00 to 16:00 CET to discuss several consultation papers related to MiCAR. The EBA will consider responses received by March 31, 2024.

Ongoing Consultations

  • EBA’s Discussion Paper on the Role of Environmental Risks in the Prudential Framework The EBA has an ongoing consultation on its discussion paper, with responses due by August 2, 2024.
  • ESMA’s Joint European Supervisory Authority Discussion Paper on DORA ESMA is seeking feedback on its joint discussion paper, with responses due by June 23, 2024.

Recent Developments

  • EBA Publishes Consultation Paper on Guidelines on Recovery Plans under MiCAR The EBA published a consultation paper outlining requirements for banks to develop and implement recovery plans in the event of financial distress.
  • ESMA Publishes Call for Evidence on Market Characteristics for ESG Rating Providers in the EU ESMA is seeking feedback from stakeholders on the market characteristics of ESG rating providers.

Background

The European Union’s financial regulatory authorities are continually reviewing and refining their regulations to ensure the stability and integrity of the financial system. These public hearings and consultations provide an opportunity for industry participants, consumers, and other stakeholders to engage with regulators and share their views on proposed changes to financial regulations.

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