The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) has published its Annual Report for 2025, outlining the main priorities and achievements of its cross-sectoral work over the past year. The report highlights the Committee’s role in coordinating supervisory efforts across the European Union in an environment characterised by heightened geopolitical uncertainty, accelerating digitalisation and rapid financial innovation.
In 2025, the Joint Committee focused on protecting consumers in increasingly digital financial markets. This work formed part of a broader effort to ensure that regulatory frameworks remain robust, proportionate and forward-looking as financial services continue to evolve.
A core priority was strengthening operational and cyber resilience through the implementation of the Digital Operational Resilience Act (DORA). The Joint Committee contributed to coordinated approaches aimed at enhancing the resilience of financial entities to operational and cyber risks across sectors.
The Committee also worked on improving the effectiveness of sustainable finance disclosures. This included efforts to make sustainability-related information more consistent and comparable across the financial sector, in line with wider EU objectives on sustainable finance.
Another key area of activity was the enhancement of cross-sectoral risk monitoring. By pooling insights from the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA), the Joint Committee aimed to promote consistent supervisory practices and a more comprehensive view of emerging risks.
Coordination and regulatory simplification
Chaired by EIOPA, the Joint Committee continued in 2025 to act as a key coordination platform, supporting close cooperation and information exchange between the ESAs, the European Commission and the European Systemic Risk Board (ESRB). This coordination role underpinned cross-sectoral supervisory work across the EU.
In line with the European Commission's priorities, the Joint Committee contributed to efforts to simplify the EU financial regulatory framework and reduce unnecessary complexity. This work focused in particular on areas such as sustainable finance and packaged retail and insurance-based investment products (PRIIPs).
Cross-sectoral initiatives
The Annual Report also details progress on several cross-sectoral initiatives. These include work to enhance the EU securitisation framework, aimed at improving the functioning of securitisation markets within the regulatory architecture.
The Joint Committee reported advances on the European Single Access Point (ESAP), an initiative designed to support more efficient access to financial and sustainability-related information. In addition, it supported financial innovation through the European Forum for Innovation Facilitators (EFIF), fostering cooperation on innovation-related supervisory practices.
Overall, the 2025 Annual Report underscores the Joint Committee’s role in promoting consistent supervision and coordinated policy responses across banking, insurance, pensions and securities markets within the European Union.
