ESAs publish 2026 work programme

The Joint Committee of the European Supervisory Authorities (comprising the European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority) (ESAs) have published their 2026 work programme, setting out key priorities for cross-sectoral collaboration for 2026.

The programme focuses on joint efforts in relation to:

• Digital Operational Resilience Act (DORA) – the ESAs will concentrate on the effective operation of the new oversight framework and work related to supervisory convergence of DORA. The ESAs will designate third-party providers critical (CTPPs) to the EU financial sector by the end of 2025 and will conduct risk assessments to outline individual annual oversight plans for each CTPP, complemented by a strategic multi-annual oversight plan.
• Consumer protection and financial innovation – in 2026, the ESAs expect to work on drafting regulatory technical standards based on the empowerments in the proposed amendments to the PRIIPs Regulation in the European Commission's (EC's) Retail Investment Strategy. Work on consumer confidence and protection will consider the EC's strategy to develop a Savings and Investment Union.
• Securitisation – the ESAs will continue work relating to the review of the Securitisation Regulation. They will also monitor regulatory developments with third countries, particularly the U.S. and UK, to identify potential risks of divergence that could have a material impact on cross-border investments and financing to the EU economy.
• Cross-sector initiatives – the ESAs will collaborate on other areas of focus including financial conglomerates, innovation facilitators and external credit assessment institutions.
• Sustainable finance – the ESAs will support the review of the Sustainable Finance Disclosure Regulation. In addition, they will develop guidelines to ensure that consistency, long-term considerations and common standards for assessment methodologies are integrated into stress testing ESG risks by January 2026.

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