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“This update is based on the EBA reporting framework version 4.0 and covers indicators on institutions' profitability, solvency and operational risk, among others. The update also includes a new sets of risk indicators laid down in the Banking Package (Capital Requirements Regulation and Capital Requirements Directive - CRR3/CRD6), indicators related to Environmental, Social and Governance (ESG), and those already used in the context of the Minimum Requirement for Own Funds and Eligible Liabilities (MREL).”

Fairness in machine learning is vital, especially as AI shapes decisions across sectors. In insurance pricing, fairness involves unique challenges due to regulatory demands for transparency and restrictions on using sensitive attributes like gender or race. Traditional fairness methods may not align with these specific requirements. To address this, the authors propose a tailored approach for building fair insurance models using only privatized sensitive data. Their method ensures statistical guarantees, operates without direct access to sensitive attributes, and adapts to varying transparency needs, balancing regulatory compliance with fairness in pricing.

In 2024, the Joint Committee remained key in analyzing cross-sectoral financial risks, publishing joint risk reports in spring and autumn. The spring report warned of elevated risks from weak growth, uncertain rates, and geopolitical tensions, with concerns over rising credit risk and potential market corrections. The autumn report emphasized ongoing economic uncertainty, market volatility, and the effects of high interest rates. It highlighted inflation risks, operational and cyber threats, and included a detailed focus on credit risk, urging financial institutions to maintain strong risk management, provisioning, and adaptability in facing evolving challenges.

AI could revolutionize UK sectors, enhancing productivity and decision-making, notably in finance by automating processes and refining decisions like underwriting. However, its rapid evolution raises uncertainties and financial stability risks, including systemic issues from flawed AI models, market instability, and cyber threats. The Financial Policy Committee (FPC) is assessing these risks to ensure safe AI adoption, supporting sustainable growth through vigilant monitoring and regulation.

EIOPA advocates for smarter, harmonized EU regulation and stronger supervision to simplify rules and reduce administrative burdens, boosting European competitiveness. This balanced approach aims to create a thriving Single Market while protecting consumers and ensuring financial stability. EIOPA has already taken steps in this direction and emphasizes that simplification should prioritize EU interests and avoid creating new national burdens.

Selon l’ACPR, seuls la moitié des organismes intègrent les risques de durabilité dans leurs politiques clés. L’intégration est la plus avancée dans la gestion des risques d’investissement, mais reste limitée dans la souscription et le provisionnement. Peu d’ajustements tiennent compte des impacts climatiques, malgré leur effet croissant. L’ACPR encourage une amélioration, notamment via la réassurance et l’atténuation des risques, même au-delà des exigences réglementaires actuelles.

The insurance industry supports delaying the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) until 2028 while negotiations continue. Insurance Europe emphasizes the need for more time to assess impacts and avoid excessive regulatory burdens. Key recommendations include reducing CSRD reporting requirements, postponing CSDDD deadlines, simplifying EU Taxonomy rules, and removing Sustainability Risk Plans under Solvency II.

Insurance Europe calls on the EU to simplify the Retail Investment Strategy (RIS) to improve consumer access to investment, protection, and advice. Their recommendations include streamlining the "value for money" assessment by allowing supervisors to use benchmarks without requiring peer grouping by insurers and avoiding new reporting. They also advocate for a smoother consumer journey by shortening suitability tests and removing duplicative inducement tests. Finally, they propose reducing information overload by focusing on key disclosures and avoiding overly technical cost details. These simplifications, they argue, will boost investment and EU competitiveness.

The ESAs Spring 2025 update highlights geopolitical tensions and cyber risks as major threats to EU financial stability. Trade disputes, policy shifts, conflicts, and economic fragmentation demand increased vigilance. Financial institutions face uncertainties in international markets, liquidity, and AI's role. Proactive risk management, cyber resilience, and monitoring global linkages are crucial.

Banks’ digital accessibility communication varies, reflecting strategic priorities. ING and Santander proactively integrate it into long-term goals, while Deutsche Bank focuses on compliance, often superficially. Société Générale aspires to improve, but gaps persist between claims and action. Swedbank and Danske Bank offer limited transparency, prioritizing sustainability over accessibility. This fragmentation highlights differing stakeholder pressures and strategic ambitions, suggesting a need for stronger collaboration to embed inclusivity beyond compliance in self-service banking.