EMEA Regulatory Pulse: Expected Impact and Complexity of Upcoming FSI Regulations

PUBLISHED: March 21, 2025

PAGES: 50 Pages

DELIVERY TIME: 1-2 business days

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Description

Many regulators and FSIs around the world keep a close eye on the EU's regulatory agenda as it increasingly influences global standards, provides valuable lessons, and sets regulatory super trends in ESG, operational resilience, consumer/investor protection, and AI and data. This report gives a comprehensive overview of the most impactful regulations across those four areas about to hit banks, insurers, and capital markets across the EMEA region. "Europe's financial sector is reaching a critical inflection point where the excessive regulation is stifling innovation and organizations are falling behind their international peers in profitability and productivity. Slowly, this realization is sinking in with politicians and policymakers, and whether they have the will and perseverance to move beyond mere lip service when it comes to reducing bureaucracy remains to be seen." Tom Zink, Senior Research Director, IDC Financial Insights.

Product Code: EUR153191125

Executive Snapshot

Situation Overview

AI and Data Regulations
- The AI Act (EAA) - (EU) 2024/1689
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- The European Data Act (EDA) - (EU) 2023/2854
  - Regulation highlights
  - Regulation requirements in summary
  - Expected Impact on FSIs
- Financial Data Access Regulation (FIDA) - (EU) 2023/0205
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Consolidated Review of Markets in Financial Instruments Directive II (MiFID II) and Markets in Financial Instruments Regulation (MiFIR) - (EU 2024/790, 2024/791)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Payments Services Directive 3 (PSD3) - (EU) 2023/0209 (COD)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Payment Services Regulation (PSR) - (EU) 2024/886
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Open Finance Framework (OFF) - (UAE)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Personal Data Protection Law (PDPL) - (KSA)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Open Banking Framework (KSA)
  - Regulation highlights
  - Implications for Financial Institutions
  - Expected impact on FSIs
Credit, Consumer/Investor Protection, and Other Regulations
- Consumer Duty (UK PS22/9)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Digital Markets, Competition, and Consumers Act 2024 (DMCC) (U.K.)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Revised Consumer Credit Directive (CCD2.0) - (EU) 2023/2225
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Markets in Crypto-Assets Regulation (MiCAR) - (EU) 2023/1114
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Instant Payments Regulation (IPR) - (EU) 2024/886
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Alternative Investment Fund Managers Directive II (AIFMD II) - (EU) 2024/927
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
Liquidity, Solvency, and ESG Regulations
- Sustainable Finance Disclosure Regulation (SFDR) - (EU) 2019/2088
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Capital Requirements Regulation III (CRR3) - (EU) 2024/1623
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Capital Requirements Directive VI (CRD6) - 2021/0341(COD)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- EBA Guidelines on the Management of ESG Risks
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Fundamental Review of Trading Book (FRTB) - (EU/UK)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Solvency II Review - (EU) COM(2021) 581
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Insurance Recovery and Resolution Directive (IRRD) (EU 2025/1)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Sustainability Disclosure Requirement (SDR) (UK PS23/16)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- European Accessibility Act (EEA) - (EU 2019/882)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Principles for Sustainability-Related Disclosures (UAE)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
Operational Resilience Regulations
- Digital Operational Resilience Act (DORA) - (EU 2022/2554)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- European Digital Identity Regulation II (eIDAS 2.0) - (EU 2024/1183)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Network and Information Security Directive II (NIS 2) - (EU 2022/2555)
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Payment Services Regulation (PSR) - (EU) 2024/886
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs
- Directive on Operational Resilience (ZA) - D10-2021
  - Regulation highlights
  - Regulation requirements in summary
  - Expected impact on FSIs