GRC Report Staff

ESMA's fourth thematic note sets out expectations for how issuers, fund managers, and benchmark administrators should communicate climate transition claims, emphasizing accuracy, accessibility, substantiation, and timely progress reporting. While not creating new binding rules, the note signals supervisory focus areas and provides concrete do's/don'ts and examples that compliance teams should use to benchmark existing disclosures and marketing materials against regulatory expectations.

De Nederlandsche Bank has released the AnaCredit reporting submission calendar for 2026, setting out monthly reporting periods and corresponding delivery deadlines for credit institutions. Compliance and regulatory reporting teams must align internal data production cycles with these fixed dates to avoid late or non-submission breaches.

An ECB Lamfalussy Fellowship working paper argues that pairing common EU debt with a non-defaultable common tax can benefit both fiscally strong and fiscally weak member states, rather than functioning as a one-way transfer. While this is academic research rather than policy, it signals the direction of thinking around a future permanent EU common borrowing capacity, which compliance and public policy teams at financial institutions operating in the EU should monitor.

ASIC is consulting on a 10-year extension (to 2037) of its CFD product intervention order, with amendments to modernize the definition of CFDs to capture digital asset-settled products and clarify margin requirements. CFD issuers and industry stakeholders have a short four-week window to respond, making prompt internal review essential for affected firms.

ASIC is consulting on a proposal to extend the CFD Product Intervention Order (PIO) for a further 10 years and introduce targeted amendments addressing margin calculation, inducements, record-keeping, and digital asset settlement. CFD issuers and brokers should review the proposed changes closely, as they tighten margin requirements for CFDs over options and multi-position netting, and expand the PIO's scope to capture digital-asset-settled derivatives with CFD-like characteristics. Feedback is due by 9 November 2026, giving firms a limited window to assess operational and compliance impacts.

The EBA Board of Supervisors' June 2026 minutes reveal heightened supervisory focus on frontier AI-related cyber risk, NBFI interlinkages, and approval of the 2027 EU-wide stress test methodology, including a new climate risk module. These discussions signal upcoming supervisory actions and reporting expectations that compliance teams at EU banks should begin preparing for now.

DNB is hosting an in-person information session on November 5, 2026, to explain its personal background assessment process for individuals subject to fit-and-proper reviews at financial institutions. Compliance and HR teams involved in candidate nominations or assessments should register by November 2 to secure attendance and submit questions in advance.