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Council agrees negotiating mandate to clean up crypto-asset transfers

EU ambassadors have agreed (1 December) on a mandate to negotiate with the European Parliament on a proposal to update existing rules on information accompanying transfers of funds. The update aims to extend the scope of the rules to certain crypto-assets. โ€œTodayโ€™s agreement is an important step towards closing the gaps in our financial systems […]
Information Systems Cooperation Group Economic Monetary Affairs Committee European Union Billy Kelleher Joint Oversight Lead Overseer

Protecting the EU's financial system from cyber attacks and ICT disruptions

MEPs on the Economic Monetary Affairs Committee voted (1 December) for new rules aimed at  strengthening the resilience of ICT systems in the financial services sector, specifically the requirements to detect, contain, protect against and repair information and communication ICT problems. The new requirements would be accompanied with reporting and testing of digital capabilities. โ€œThe […]
Information Systems Cooperation Group Economic Monetary Affairs Committee European Union Billy Kelleher Joint Oversight Lead Overseer

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