Finalyse: Regulatory brief

Regulatory Brief

Finalyse RegBrief is a curated repository of regulatory updates affecting the financial industry. It focuses on risk management, reporting and disclosure, governance, accounting, trading and the wider business environment.

Press Release CRR Securitisation Framework Council Informative 22 Oct 2026 Council and Parliament Deal on Securitisation

The Council has published a press release announcing a provisional agreement with Parliament on the securitisation package, amending both the CRR securitisation provisions and the Securitisation Regulation. The deal aims to revive a market held back by post-crisis compliance and capital burdens: bank capital requirements are recalibrated on a risk-sensitive basis, a new "resilient" securitisation category sits alongside a strengthened STS label, and reporting and compliance burdens for investors are reduced. STS third-party verifiers move to EU-level supervision, UCITS investment limits are raised, and insurers and reinsurers will be able to invest in synthetic STS securitisations. The texts must now be finalised and formally endorsed by both co-legislators.

View source — Council

RTS EMIR ESMA Pending 20 Oct 2026 Post-Trade Risk Reduction Services

The ESMA has published its final report on draft RTS specifying the conditions under which post-trade risk reduction (PTRR) services benefit from the clearing obligation exemption introduced by EMIR 3. The RTS define compression, portfolio rebalancing and basis risk optimisation, require exercises to be market-risk neutral and to reduce counterparty risk for all participants, and set obligations for providers on conflicts of interest, algorithms, client information, controls and record-keeping. The aim is to make PTRR services easier to use while preventing the exemption from being used to avoid central clearing.

View source — ESMA

Standards BASEL BCBS Pending 16 Oct 2026 G-SIB window-dressing measures

The BCBS has published final amendments to the G-SIB framework to address window-dressing, where banks temporarily reduce their perceived systemic footprint around reporting reference dates. Banks in the G-SIB assessment sample will have to report and disclose all stock indicators as averages over the reporting year instead of year-end values. The reporting and disclosure threshold is also raised from EUR 200bn to EUR 350bn of leverage ratio exposure measure from 1 January 2027. Large internationally active banks should prepare data processes for averaged reporting, which may change their G-SIB scores.

Application date: 1 Jan 2030

View source — BCBS

Press Release CRR IFRS18 ECB Informative 15 Oct 2026 IFRS 18 transition option for supervisory profit and loss reporting

The ECB has published a press release presenting its approach to supervisory profit and loss reporting during the transition to IFRS 18, which takes effect on 1 January 2027. From January 2027 until the amended EBA reporting ITS apply (expected from the September 2027 reference period), institutions may report profit and loss items under either IAS 1 or IFRS 18, so they do not have to maintain two presentation formats in parallel. Significant institutions in scope of the EBA ITS can use the IFRS 18 aligned FINREP templates in EBA release 4.4 (Phase 1), while those reporting under the ECB FINREP Regulation get interim annexed templates until that regulation is amended. Less significant institutions benefit only where their national competent authority allows the choice.

View source — ECB

Report AI Act Supervision FSB Informative 15 Oct 2026 Responsible Adoption of Artificial Intelligence

The Financial Stability Board has published its final sound practices for the responsible adoption of AI by financial institutions, together with an overview of the responses to its earlier consultation. The 12 practices cover organisation-wide governance (board oversight aligned with strategy and risk appetite, clear roles, documentation of AI use) and lifecycle risk management, including materiality assessment of use cases, data governance, explainability and compensating controls, human oversight, cyber and ICT risk, and third-party AI dependencies. Boards and senior management are strongly encouraged to reference the practices when building AI governance, risk and control frameworks, tailored to their own context and risk profile.

View source — FSB

Report Market Trends EIOPA Informative 14 Oct 2026 Insurers Home and Cross-Border Securities Holdings

The EIOPA has published a factsheet on EEA insurers' home and cross-border securities holdings, based on 2025 Solvency II annual reporting. Of EUR 7.9 trillion held in government bonds, corporate bonds and equities, directly or through funds, 38.2% is invested in the home country, 33.9% elsewhere in the EEA and 27.9% in the rest of the world, about half of it in US securities. It also shows how concentrated each national market's fixed income and equity holdings are, with home bias strongest outside the euro area and cross-border exposure rising in the euro area and Scandinavia alongside growth in unit-linked business. Insurers, supervisors and policymakers can use it as a reference on investment concentration and capital market integration.

View source — EIOPA

Work Programme Supervision ESAs Informative 13 Oct 2026 ESAs publish 2027 Work Programme

The ESAs have published the Joint Committee's 2027 Work Programme, setting joint priorities on cross-sectoral risks and supervisory coordination, with simplification and less overlapping reporting as a cross-cutting goal. On DORA, they will refresh the list of critical ICT third-party providers, publish oversight plans and an annual major ICT incident report, and support the Commission on a possible DORA review. Planned deliverables also include draft PRIIPs RTS/ITS simplifying the KID performance and cost sections after the Retail Investment Strategy (possibly slipping to 2028), securitisation mandates and transparency standards, a Q1 2027 consultation on the financial conglomerates capital adequacy reporting template, and preparation for mandates under a revised SFDR.

View source — ESAs

Report Climate Risk NGFS Informative 13 Oct 2026 Nature-related risks implementation practices

The NGFS has published a compendium of implementation practices to help central banks and supervisors identify, assess and monitor nature-related financial risks. Building on its 2024 conceptual framework, it reviews 35 initiatives across jurisdictions and six in-depth case studies, showing that authorities are moving from conceptual work to practical analytical tools. It finds that disruptions to water-related ecosystem services are the most consistently identified risk source, with exposures concentrated in agriculture, forestry, manufacturing and real estate. Supervisors and the institutions they oversee can use it as a reference for emerging supervisory approaches to nature risk.

View source — NGFS

Finalyse Insurance

Finalyse offers specialized consulting for insurance and pension sectors, focusing on risk management, actuarial modeling, and regulatory compliance. Their services include Solvency II support, IFRS 17 implementation, and climate risk assessments, ensuring robust frameworks and regulatory alignment for institutions.

Finalyse Valuation

Valuing complex products is both costly and demanding, requiring quality data, advanced models, and expert support. Finalyse Valuation Services are tailored to client needs, ensuring transparency and ongoing collaboration. Our experts analyse and reconcile counterparty prices to explain and document any differences.

Finalyse Careers

Unlock your potential with Finalyse: as risk management pioneers with over 35 years of experience, we provide advisory services and empower clients in making informed decisions. Our mission is to support them in adapting to changes and innovations, contributing to a sustainable and resilient financial system.

Regulatory Brief

Get RegBrief updates by email

Finalyse Insurance

Our Insurance Services

Our Insurance Leaders

Client Cases

Insurance blog articles

Trending Services

BMA Regulations

Outsourced Function Services

Finalyse Banking

Our Banking Services

Client Cases

Trending Services

Finalyse Valuation

Our Valuation Services

Our Managed Services

Client Cases

Trending Services

Finalyse Publications

Blog

Regulatory Brief

Materials

Latest Blog Articles

About Finalyse

Our Story

Our Management

Our Sustainability Commitment

Media & PR

Finalyse Careers

Our Team

Why Finalyse

Life at Finalyse

Vacancies