ESAs Issue AI Cyber Risk Guidance for the EU Financial Sector
The ESAs have issued a joint statement calling for stronger governance, risk management and consistent supervision to address ICT risks from frontier AI models, reinforcing DORA oversight and operational resilience expectations.
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EIOPA appoints Stavros Konstantas to Management Board
EIOPA's Board of Supervisors has elected Stavros Konstantas, Director of Occupational and Private Insurance Supervision at the Bank of Greece, to EIOPA's Management Board for a two-and-a-half-year term. He succeeds Ante Žigman, who left the position after becoming Governor of the Croatian National Bank. The appointment took effect on 13 August 2026.
13 Aug 2026
ESAs Propose Simplified Bilateral Margin Rules for Sub-€8bn Counterparties
The European Supervisory Authorities (EBA, EIOPA and ESMA) published a final report on draft Regulatory Technical Standards (RTS) amending Delegated Regulation (EU) 2016/2251 on bilateral margin requirements. The proposal removes initial margin exchange obligations for both new and existing uncleared OTC derivative contracts for counterparties below the €8 billion threshold. The RTS have been submitted to the European Commission for endorsement.
03 Aug 2026
EIOPA July 2026 Risk Dashboard: Stable Sector Risks, Cyber Risk Elevated
EIOPA published its July 2026 Insurance Risk Dashboard, showing a broadly stable medium-level risk environment for the European insurance sector. Macroeconomic risks have a worsening outlook due to geopolitical tensions, while digitalisation and cyber risks have increased to a high level. Solvency and capital positions remain broadly unchanged.
30 Jul 2026