Commission Implementing Regulation (EU) 2025/790
This regulation lays down implementing technical standards concerning the operational functioning of supervisory colleges, which are essential for overseeing credit institutions across the EU. Think of it as a practical handbook for how these colleges should operate to ensure coordinated and effective supervision.
The regulation is split into chapters and annexes, detailing everything from mapping out the structure of banking groups to planning for emergency situations. It specifies who should be involved in these colleges, how information should be exchanged, and how supervisory activities should be coordinated, especially during crises.
Compared to the previous version, this regulation includes updated templates for mapping group entities and for written coordination and cooperation arrangements. It also formalizes the use of virtual meetings and emphasizes the importance of smooth information exchange, particularly in emergency situations. A significant addition is the requirement to agree on and exchange specific indicators related to capital, liquidity, and asset quality, which will help in identifying early warning signs and potential risks.
Commission Regulation (EU) 2025/1722
This regulation is a straightforward ban on bluefin tuna fishing for Greek vessels in the Atlantic east of 45° W and the Mediterranean Sea. It was triggered because Greece has used up its bluefin tuna quota for 2025.
The regulation prohibits Greek vessels from fishing for, keeping on board, moving, transferring, or landing any bluefin tuna caught after June 6, 2025. In short, it’s a closure of the bluefin tuna fishery for Greece due to quota exhaustion.
Review of each of legal acts published today:
Commission Delegated Regulation (EU) 2025/791 of 23 April 2025 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the general conditions for the functioning of supervisory colleges, and repealing Commission Delegated Regulation (EU) 2016/98
This regulation establishes the general conditions for the functioning of supervisory colleges, which are essential for the prudential supervision of credit institutions within the EU. It aims to enhance cooperation and information exchange among competent authorities responsible for supervising cross-border banking groups. The regulation outlines the procedures for establishing and managing these colleges, including the roles of members and observers, the mapping of group structures, and the coordination of supervisory activities, both in normal times and during emergencies. By repealing and replacing Delegated Regulation (EU) 2016/98, it incorporates new provisions related to financial holding companies, intermediate EU parent undertakings, and the treatment of investment firms.
The regulation is structured into three main chapters:
* **Chapter 1** contains general provisions, including definitions.
* **Chapter 2** focuses on the establishment and functioning of colleges of supervisors as referred to in Article 116 of Directive 2013/36/EU. It details the mapping of groups of institutions, the roles of members and observers, the requirements for written coordination and cooperation arrangements, and the planning and coordination of supervisory activities in both going concern and emergency situations.
* **Chapter 3** addresses the functioning of colleges of supervisors as referred to in Article 51(3) of Directive 2013/36/EU, focusing on institutions with significant branches in other Member States. It mirrors the structure of Chapter 2, adapting the provisions to the specific context of these colleges.
Key provisions that are most important for its use:
* **Mapping of a group of institutions (Article 2):** Requires the consolidating supervisor to map the group structure, identifying entities and branches within the EU and in third countries, including details on their importance and the authorities involved in their supervision.
* **Members and observers of a college of supervisors (Article 3):** Specifies which authorities should be members or observers, including third-country supervisory authorities, group-level resolution authorities, and AML/CFT lead supervisors.
* **Written coordination and cooperation arrangements (Article 5):** Mandates comprehensive written arrangements covering all areas of college work, including information exchange, confidentiality, task entrustment, and emergency planning.
* **Exchange of information (Articles 9-15, 30-33):** Details the types of information to be exchanged among college members, including supervisory review outcomes, early warning signs, non-compliance issues, and recovery plans.
* **College framework for emergency situations (Articles 19, 36):** Requires the establishment of a framework for managing emergency situations, including procedures and minimum information to be exchanged.
* **Coordination in emergency situations (Articles 20-24, 37-41):** Focuses on the coordination of supervisory assessments, responses, and external communications during emergency situations.
Commission Implementing Regulation (EU) 2025/790 of 23 April 2025 laying down implementing technical standards for the application of Directive 2013/36/EU of the European Parliament and of the Council with regard to the operational functioning of colleges of supervisors
Okay, I will provide a detailed description of the Commission Implementing Regulation (EU) 2025/790.
**1. Essence of the Act:**
Commission Implementing Regulation (EU) 2025/790 establishes implementing technical standards (ITS) regarding the operational functioning of colleges of supervisors. These colleges are crucial for the prudential supervision of credit institutions, ensuring coordinated oversight and cooperation among relevant authorities. The regulation outlines specific procedures and templates for mapping group structures, establishing colleges, managing communication, and coordinating supervisory activities, particularly in emergency situations. It aims to enhance the effectiveness and consistency of supervisory practices across the European Union by providing a clear operational framework for these colleges. This regulation repeals and replaces Implementing Regulation (EU) 2016/99 to reflect amendments to Directive 2013/36/EU and to improve information exchange within colleges.
**2. Structure, Main Provisions, and Changes:**
This Regulation is structured into two main chapters and several annexes, focusing on the operational functioning of colleges of supervisors as defined in Article 116 and Article 51(3) of Directive 2013/36/EU.
* **Chapter 1** deals with colleges of supervisors referred to in Article 116 of Directive 2013/36/EU. It includes sections on:
* Establishment and functioning of supervisory colleges, detailing the mapping of groups, the establishment of colleges, contact lists, and written coordination arrangements.
* Planning and coordination of supervisory activities in going concern situations, covering information exchange, ongoing review of internal approaches, and early warning signs.
* Planning and coordination of supervisory activities in preparation for and during emergency situations, including the college framework for emergencies and information exchange during such situations.
* **Chapter 2** addresses colleges of supervisors referred to in Article 51(3) of Directive 2013/36/EU, focusing on institutions with significant branches in other Member States. It mirrors the structure of Chapter 1 but is tailored to the specific context of these colleges.
* **Annexes:**
* **Annex I:** Provides a template for mapping a group of institutions.
* **Annex II:** Includes templates for written coordination and cooperation arrangements, contact lists, and information sharing during adverse events.
* **Annex III:** Presents a correlation table between this regulation and the repealed Implementing Regulation (EU) 2016/99.
**Key changes compared to the previous version (Implementing Regulation (EU) 2016/99):**
* **Updated Templates:** The regulation introduces updated templates for mapping group entities and for written coordination and cooperation arrangements to enhance information exchange.
* **Virtual Meetings:** It formalizes the possibility of holding virtual meetings for colleges of supervisors, reflecting practices developed during the COVID-19 pandemic.
* **Enhanced Information Exchange:** The regulation emphasizes the importance of timely and smooth information exchange, particularly in emergency situations, and includes specific provisions for sharing information with observers, such as group-level resolution authorities.
* **Indicators for Risk Assessment:** It mandates the agreement on and exchange of specific indicators related to capital, liquidity, asset quality, and other key areas to facilitate early warning and risk assessment.
**3. Main Provisions for Practical Use:**
Several provisions are particularly important for the practical application of this regulation:
* **Mapping of Group Entities (Article 1, Annex I):** The consolidating supervisor must create and maintain a detailed mapping of the group’s structure, using the provided template. This mapping is crucial for identifying college members and observers.
* **Written Coordination and Cooperation Arrangements (Article 4, Annex II):** The consolidating supervisor is responsible for drafting and updating written arrangements that outline how the college will function, exchange information, and coordinate activities. These arrangements must follow the template in Annex II and should be regularly reviewed.
* **Contact Lists (Article 3, Annex II):** Maintaining up-to-date contact lists, including emergency contacts, is essential for effective communication, especially during crises.
* **Information Exchange in Emergency Situations (Articles 14, 25):** The regulation sets out clear procedures for alerting relevant parties and exchanging information during emergency situations, emphasizing the need for prompt action and coordinated assessment.
* **Indicators for Early Warning (Article 10, Annex II):** The agreement on and regular exchange of key indicators help in identifying early warning signs and potential risks, informing the group risk assessment and facilitating proactive supervisory responses.
Commission Regulation (EU) 2025/1722 of 31 July 2025 establishing a fisheries closure for bluefin tuna in the Atlantic Ocean, east of 45° W, and Mediterranean for vessels flying the flag of or registered in Greece
This Commission Regulation (EU) 2025/1722 establishes a fisheries closure for bluefin tuna in the Atlantic Ocean, east of 45° W, and the Mediterranean Sea for vessels flying the flag of or registered in Greece. This regulation is triggered by the fact that Greece has exhausted its allocated quota for bluefin tuna for 2025. As a result, the regulation prohibits fishing activities for bluefin tuna by Greek vessels in the specified area from a specific date.
The regulation consists of three articles and an annex. Article 1 declares the quota exhaustion for Greece. Article 2 outlines the prohibitions, specifically banning fishing, retaining on board, relocating, transhipping, or landing bluefin tuna caught by Greek vessels after the specified date. Article 3 states the regulation’s entry into force. The annex specifies the exhausted quota (BFT/AE45WM) and the closing date (6 June 2025) for the fisheries.
The most important provision is Article 2, which explicitly prohibits all fishing activities related to bluefin tuna by Greek vessels in the specified area after June 6, 2025. This includes retaining, relocating, transhipping, or landing any bluefin tuna caught after this date.
