Dear colleagues,
In this issue, we look at current developments at European and national level: the ESAs are fleshing out the supervision of critical ICT service providers as part of DORA, and ESMA is preparing regulatory changes to the volume cap mechanism. BaFin also provides an outlook on this year’s money laundering symposium with a focus on the role of AMLA and new risk methodologies.
Table of Contents
- Joint ESAs guidance on DORA supervisory activities published
- ESMA announces switch to uniform volume cap mechanism from October 2025
- BaFin publishes key points of the Money Laundering Conference 2025
- Now receive the most important compliance reports every week free of charge
Joint ESAs guidance on DORA supervisory activities published
Applicable to:
Financial institutions (including banks, insurance companies, investment firms), IT service providers in the financial sector, compliance and IT risk managers.
The three European supervisory authorities (EBA, ESMA, EIOPA) have published a joint guide that regulates the coordination and implementation of supervision under the Digital Operational Resilience Act (DORA). Among other things, the guidelines focus on the consistency and efficiency of the supervision of critical ICT service providers.
Measures required:
- Analyze and implement the recommendations in your own ICT risk management.
- Preparation for possible supervisory controls regarding the use of external IT service providers.
- Review existing contracts and security measures with critical ICT providers.
ESMA announces switch to uniform volume cap mechanism from October 2025
Applicable for:
Trading venues, investment firms, exchange operators, market infrastructure managers and regulatory departments.
ESMA is preparing the introduction of a uniform volume cap mechanism from October 2025. The aim is to increase market transparency and simplify regulatory requirements. The new model will replace the previous double volume cap (DVC).
Measures required:
- Evaluation of the impact on existing trading strategies and market models.
- Adaptation of technical systems and reporting to the new uniform limit.
- Training of compliance and trading departments on the new regulation.
BaFin publishes key points of the Money Laundering Conference 2025
Applicable for:
Money laundering officers, compliance officers, risk managers and supervisory law specialists in companies obliged to comply with the AMLA.
Topics at this year’s BaFin symposium include the introduction of the European money laundering supervision AMLA, new developments in risk methodology (RTS), findings from supervisory practice and exchanges with representatives from the FIU, industry and law enforcement.
Measures required:
- Strategic preparation for the requirements and expectations of the AMLA, particularly with regard to Group-wide structures and reporting obligations
- Review and, if necessary, further development of internal risk methods in accordance with BaFin’s current findings on RTS
- Strengthening internal communication and reporting channels in order to be able to react more quickly to trends and phenomena
- Integration of sector-specific supervisory experience (e.g. factoring/leasing) into risk analysis and internal training plans
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We wish you a successful week.
Your Riscreen team