Ireland: Capital Adequacy/BASEL

The European Commission has unveiled a comprehensive Communication addressing the structural challenges that limit EU banking sector competitiveness, proposing sweeping reforms to prudential regulation, cross-border integration, and regulatory complexity. With formal legislative proposals expected in Q1 2027, this initiative represents one of the most ambitious banking regulatory reform packages in recent EU history, fundamentally reshaping how banks operate across member states.

ESMA withdraws market data guidelines as new regulatory standards take effect, while AMLA assumes full AML/CFT oversight from EBA. How will these regulatory shifts reshape compliance frameworks for financial institutions across the European Union?

The Department of Finance's public consultation on the exercise of the national discretions in AIFMD II closes for feedback on 17 January 2025. Discretions covered by the consultation include whether to...