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Domestic
European
Related areas
Central Bank of Ireland provides an update to the rules and guidance applicable to supervisory disclosures
On 27 June 2025, the Central Bank of Ireland (CBI) updated the rules and guidance applicable to supervisory disclosures, pursuant to article 143(1)(a) of Directive 2013/36/EU. The update covers access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms which requires competent authorities to publish the information on texts of laws, regulations, administrative rules and general guidance adopted in the relevant member state in the field of prudential regulation.
Decision of the ECB on access by non-bank payment service providers to Eurosystem central bank operated payment systems and central bank accounts
On 2 June 2025, the European Central Bank (ECB) adopted Decision (EU) 2025/1148 which amends Decision (EU) 2025/222 on access by non-bank payment service providers (PSPs) to Eurosystem operated payment systems and central bank accounts. The ECB has decided to postpone the date from which non-bank PSPs can request access to TARGET until 6 October 2025 following delays by some member states in transposing previous amendments to Directive 98/26/EC and Directive (EU) 2015/2366 into national law. The ECB has also extended the transition period for non-bank PSPs to migrate from their current status to full TARGET participants until 31 March 2026.
European Council agrees its position on a more modern payment service framework in the EU
On 18 June 2025, the European Council agreed its position on a more modern payment service framework in the EU which aims to reduce payment fraud, promote technological innovation, better protect consumers and increase transparency on fees.
The agreement by the European Council suggests changes in the areas of:
Proposal for a regulation laying down a general framework for securitisation
On 17 June 2025, the European Commission published a proposal for a regulation laying down a general framework for securitisation and creating a specific framework for simple, transparent and standardised securitisation. The proposal seeks to amend Regulation EU 2017/2402 (the Securitisation Regulation) in addition to legislation setting out the prudential requirements for securitisation positions; namely the Capital Requirements Regulation, Solvency II Delegated Regulation, and the Liquidity Coverage Requirement (LCR) Delegated Regulation.
The proposal is a package of three legislative proposals which are:
The European Banking Authority consults on technical standards on acquisitions in credit institutions
On 18 June 2025, the European Banking Authority (EBA) launched a public consultation on its draft regulatory technical standards (RTS) which specify the minimum information to be provided to a national competent authority at the time of notification of the proposed acquisition of qualifying holdings in a credit institution.
The consultation runs until 18 September 2025.
The EBA reviews standardised terminology in relation to payment accounts
On 20 June 2025, the EBA published a report which reviewed the standardised terms for the most common services related to payment accounts. This regular review is mandated by Directive 2014/92/EU on the comparability of fees related to payment accounts, payment account switching and access to payment accounts with basic features. The EBA found that the standardised terms remain fit-for-purpose throughout the European Union.
The standardised terms seek to make it easier for consumers to make informed decisions through being able to compare payment account fees and offers, also on a cross-border basis.
These standardised terms have been set out in RTS developed by the EBA with the latest version issued being in 2018.
The Commission and Parliament strike a deal to strengthen the EU crisis management framework
On 25 June 2025, the European Commission and European Parliament reached a political agreement for a reformed crisis management and deposit insurance framework for banks in the EU. The reforms relate to improvements in the resolution process for small and medium-sized banks whereby such banks would have access to industry-funded safety nets as an additional resolution-financing tool.
Regulation 2025/1215 amending the CRR as regards requirements for securities financing transactions under the net stable funding ratio
On 25 June 2025, Regulation 2025/1215 as regards requirements for securities financing transactions under the net stable funding ratio (the Regulation) was published in the Official Journal of the EU. The Regulation amends Regulation (EU) No 575/2013 on prudential requirements for credit institutions and investment firms, as regards the requirements for securities financing transactions under the net stable funding ratio.
The amendments applied from 29 June 2025.
For more information on these topics please contact any member of A&L Goodbody's Financial Regulation Advisory team.
This publication provides an overview of certain legal and regulatory developments that may be of interest to certain entities. It does not purport to provide analysis of law or legal advice and is strictly for information purposes only.