The European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) have issued a discussion paper examining the potential review of the Investment Firms Regulation (IFR) and Investment Firms Directive (IFD), which sets capital and risk management requirements for investment firms in the European Union.
After several years in development, the newly crafted AI Act has entered into force following its publication in the Official Journal of the European Union. Designed to regulate artificial intelligence (AI), it aims to create better conditions for its innovation and application. The act is part of the EU Digital Regulation package, which includes other significant regulations such as the General Data...
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