Compliance Alert: 2015 Work Program of the ESAs

Summary: The Joint Committee of the European Supervisory Authorities (EBA, ESMA and EIOPA) has published its working program for the upcoming year. Throughout 2015, the Joint Committee will continue to give high priority to consumer protection and cross-sectoral risk analysis. In particular, the ESAs will continue their joint regulatory work in key areas such as: packaged retail and insurance based investment products (PRIIPs); the operation of financial conglomerates; anti-money laundering (AML); benchmark setting processes; and credit rating agencies. Furthermore, the ESAs will continue to monitor legislative and regulatory developments closely, both in the European Union and on an international level, to provide appropriate follow-up as required.