2023 will bring more challenges as we see the introduction of a new draft adequacy decision between the EU and the US and a DPC with two more commissioners aiming to increase enforcement.
The European Insurance and Occupational Pensions Authority (EIOPA) has issued an opinion on the supervision of captive (re)insurance undertakings (captives) providing clarity on their expectations for cash pooling and governance arrangements.
Given the publication of the AI Act in the Official Journal of the European Union, the clock is now running to deliver compliance on a stepped basis until full implementation of the AI Act in August 2026.
This is the fifth installment of our Markets in Crypto Assets (MiCAR) series. Today’s article focuses on the guidelines issued by the European Banking Authority (EBA) in relation to recovery plans, outlining requirements for Asset-referenced tokens (ARTs), Electronic-money tokens (EMTs) and E-money issuers.
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