International and European news

On 21 July 2021 the European Commission presented an ambitious package of legislative proposals to strengthen the EU's anti-money laundering and countering terrorism financing (AML/CTF) rules.

On 20 July 2021, the European Commission published a draft Directive as regards access of Member State competent authorities to centralized bank account registries through the single access point.

On 16 July 2021, the European Securities and Markets Authority (ESMA) published its CSDR report on the provision of banking-type ancillary services by central securities depositories (CSDs).

On 23 June 2021, the European Banking Authority (EBA) published a report on management and supervision of environmental, social and governance (ESG) risks for credit institutions and investment firms.

On 3 June 2021, the EU Commission proposed a framework for a European Digital Identity (EUid) which will be available to all EU citizens, residents, and businesses in the EU.

On 1 June 2021, the European Securities and Markets Authority (ESMA) published its final Guidelines on the MIFID / MIFIR market data obligations.

On 27 May 2021, the European Commission endorsed the implementing technical standards (implementing regulations 2021/955) for the entry into force on 2 August 2021 of EU regulation 2019/1156 regarding procedures, forms and technical provisions to be used for publications and notifications of marketing rules.

0n 21 April 2021, the European Commission adopted the sustainable finance package, a package of measures in line with the European Commission Sustainable Finance Action Plan which had already implemented the Taxonomy Regulation, the Climate Benchmarks Regulation and the Sustainable Finance Disclosure Regulation ("SFDR").

On 8 April 2021, ESMA published its Final Report containing draft regulatory technical standards (RTS) relating to changes to central counterparty (CCP) services and activities, as well as models and parameters under the European Markets Infrastructure Regulation (EMIR).