On 2 October 2024, the European Banking Authority (EBA) published its Work Programme with the key priorities and initiatives for 2025. The EBA will begin oversight and supervisory activities under the Digital Operational Resilience Act (DORA) and the Markets in Crypto-Assets Regulation (MiCAR). Regarding DORA, the European Supervisory Authorities (ESAs) will define which ICT third-party providers are to be included in the scope of oversight by designating Critical TPPs. Moreover, the EBA will continue establishing a new IT system to support its oversight function. For MiCAR, the EBA will enhance its readiness to supervise issuers of significant asset-referenced tokens (ARTs) and e-money tokens (EMTs), with the new Crypto-Asset Standing Committee facilitating the performance of supervision tasks. Supervisory capacity-building will continue through, among others, extended training for staff and workshops with NCAs on techniques to supervise ART and EMT issuers. Under the newly established Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) framework, the EBA will continue to: implement the transfer of powers, methodologies and data to the Anti-Money Laundering Authority (AMLA); develop its focus on the conduct of financial institutions; ensure citizens’ access to financial and banking services; and focus on consumer protection mandates under MiCAR and the Credit Servicers and Credit Purchasers Directive. Additionally, the ESAs and the European Commission will continue to support and finalise the activities of the EU Supervisory Digital Finance Academy (SDFA). Finally, the EBA will start delivering payment services and depositor protection mandates conferred under the revised Deposit Guarantee Schemes Directive, PSD3/PSR and FiDA.
