Financial Regulation
EBA and ESMA consult on management suitability rules
The EBA and ESMA have launched a joint consultation to update the suitability assessment framework for the management of banks and investment firms. The proposed guidelines aim to ensure that leaders in the financial sector possess the necessary expertise and high ethical standards. This revision reflects recent regulatory changes and the evolving complexity of the financial landscape. Stakeholders are invited to provide feedback to shape the final standards for corporate governance. The final rules will help strengthen the stability and integrity of the EU financial sector.
Stricter standards for bank leadership aim to improve governance and stability in EU finance.