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. This programme outlines key areas of collaboration for the coming year. It aims to strengthen the financial system’s digital operational resilience and ensure consumer protection. Furthermore, it seeks to identify risks that could undermine financial stability. More specifically, the ESAs will undertake joint work in 2026 to: * Ensure the effective operation of the Oversight Framework for critical third-party ICT providers under the Digital Operational Resilience Act (DORA). * Perform joint risk analyses amid ongoing geopolitical tensions and heightened uncertainties. * Further financial education and consumer protection in the EU’s financial sector, including within the context of the European Commission’s Savings and Investments Union (SIU) initiative. * Monitor developments on the securitisation market. * Collaborate on other cross-sectoral matters such as financial conglomerates, innovation facilitators, and credit assessment institutions. * Support the planned review of the Sustainable Finance Disclosure Regulation (SFDR). The Joint Committee serves as a forum. Its objective is to strengthen cooperation between the three ESAs. They regularly and closely coordinate their supervisory activities within their respective responsibilities. This ensures consistency in their practices. The Joint Committee focuses on micro-prudential analyses of cross-sectoral developments, risks, and vulnerabilities for financial stability. It also addresses retail financial services, consumer and investor protection issues, and retail investment products. Other areas include cybersecurity, financial conglomerates, accounting, and auditing. More information is available here.