EBA revises SREP Guidelines and consults on MiCA fines

EBA published revised SREP Guidelines, updated supervisory reporting validation rules, and consulted on a fines methodology under MiCA.

Revised SREP Guidelines aim to enhance supervisory efficiency, while updated validation rules affect regulatory reporting quality. The MiCA fines consultation signals concrete enforcement infrastructure for crypto-asset service providers, raising sanction risk for non-compliance.

Impacts prudential supervision, reporting accuracy and enforcement risk for crypto-asset activities across the EU.

Combines core prudential supervision reforms with enforcement framework for the emerging crypto-asset regime.

“EBA revised SREP Guidelines; EBA updates validation rules for supervisory reporting; EBA consults on a draft methodology for setting fines under MiCA”