ESAs Joint Committee to focus on digital resilience and sustainability disclosures in 2025

Written by Adam Cadle

10/10/2024

The Joint Committee of the European Supervisory Authorities (ESAs) has published its work programme for the year ahead, outlining plans to prioritise strengthening digital resilience and sustainability disclosures in 2025.

The ESAs, which include the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), said that the Joint Committee will focus on ongoing collaboration to tackle cross-sectoral risks, and fostering regulatory consistency.

The Joint Committee will also be focused on ensuring adequate risk assessment, supporting financial stability, and protecting consumers and investors.

In addition to this, the ESAs will work on providing further guidance on sustainability disclosures.

They will also monitor financial conglomerates and promote coordination and cooperation among national innovation facilitators to help scale up innovative solutions in the financial sector.

Furthermore, the Joint Committee plans to improve digital operational resilience by overseeing information and communication technology (ICT) third-party providers and implementing the ICT-related incident coordination framework in accordance with the Digital Operational Resilience Act.

The programme noted that the Joint Committee aims to address other cross-sectoral matters such as retail financial services, investment products, and securitisation.

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