European Union: Finance and Banking

The Central Bank of Ireland has published updated UCITS rules and guidance following consultation, introducing significant changes to liquidity management tools, performance fees, and operational requirements. These amendments align Ireland's regulatory framework with AIFMD 2.0 while addressing domestic policy developments and implementing ESMA Guidelines on performance fees for UCITS and certain retail investor AIFs.

EU financial supervisory authorities have published their 2025 annual reports, revealing a fundamental shift from framework development to operational enforcement and implementation monitoring. The reports demonstrate how the European Banking Authority, ESMA, EIOPA, ECB-SSM, and Single Resolution Board are moving toward data-driven supervision, systematic DORA monitoring, and enhanced cross-sectoral coordination. What does this transition from rule construction to demonstrable, peer-comparable outcomes mean

Dr. Martin Heuber has taken the helm as Managing Partner of Mayer Brown in Germany, succeeding Guido Zeppenfeld in this leadership role. What strategic priorities is this banking and finance expert setting in the current market climate, and how are debt funds performing under his guidance?