Worldwide: Financial Services

On 3 November 2025, the European Banking Authority (EBA) published a consultation paper setting out draft guidelines on the authorisation of third country branches (hereinafter referred to as the Guidelines).

The Malta Financial Services Authority ("MFSA"), in collaboration with the Malta Financial Services Advisory Council ("MFSAC"), has issued a Consultation on the Proposed Establishment...

On 23 October 2025, the EU Member States adopted the 19th package of sanctions against Russia, which is intended to significantly increase pressure on the Russian war economy.

Despite progress under the Capital Markets Union (CMU) – relaunched as the Savings and Investments Union (SIU)Show Footnote –, European capital markets still face...

On 18 December 2025, the European Securities and Markets Authority ("ESMA") published its Report on amended guidelines on liquidity management tools of UCITS and open-ended AIFs (the "Guidelines").

New format requirements for crypto-asset white papers under the EU Markets in Crypto-Assets Regulation (MiCA) will take effect on 23 December 2025.

Bill of law 8669 was submitted to Parliament yesterday to authorise the deferral of payment of the minimum share capital for private limited companies (SARLs)...

In this podcast, Alberto Claretta-Assandri, head of Italy Funds and Financial Regulatory, and Tommaso Paltrinieri, senior associate from the restructuring team, provide an overview of the proposed reform of the Italian Financial Act with reference to the new insolvency-related measures applicable to Italian funds and their implications to the long-debated issue of their legal status.

The Central Bank's review of life insurers focused on Pillar 1 of its Cross-Industry Guidance on Operational Resilience (as amended).