ESAs' Joint Committee unveils 2026 Work Programme focusing on financial stability

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today presented its 2026 Work Programme. It outlines key areas of collaboration for the coming year. The Programme aims to strengthen the financial system’s digital operational resilience. It also ensures continued consumer protection and identifies risks to financial stability. In 2026, the ESAs will work to ensure effective oversight of critical third-party ICT providers under DORA. They will also perform joint risk analyses amidst geopolitical tensions and uncertainties. Further efforts include enhancing financial education and consumer protection in the EU financial sector. This includes supporting the European Commission’s Savings and Investments Union initiative. They will also monitor developments in the securitisation market. Collaboration will extend to cross-sectoral matters like financial conglomerates, innovation facilitators, and credit assessment institutions. Finally, the ESAs will support the planned review of the Sustainable Finance Disclosure Regulation (SFDR). The Joint Committee is a forum with the objective of strengthening cooperation between the three ESAs, where they regularly and closely coordinate their supervisory activities in the scope of their respective responsibilities and ensure consistency in their practices. The Joint Committee focuses on micro-prudential analyses of cross-sectoral developments, risks, and vulnerabilities. These include financial stability, retail financial services, and consumer protection issues. Their work also covers retail investment products, cybersecurity, financial conglomerates, accounting, and auditing. More information about the Joint Committee is available online.