Cyber threats are evolving daily, pushing EU regulators to introduce new standards like DORA and NIS2 to enhance cyber resilience and mandate incident disclosure. A recent AuditBoard and Ascend2 Research survey reveals that many risk, InfoSec, and IT compliance professionals are concerned about the impact of these regulations on their work. Internal auditors and IT […]
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The European Securities and Markets Authority (ESMA) and national regulators across the EU have initiated a joint review of retail fund management companies and alternative investment managers. The review, which will be carried out throughout the year, will assess whether internal audit functions have the necessary staffing, authority, knowledge, and expertise to fulfill their responsibilities. […]
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The European Insurance and Occupational Pensions Authority (EIOPA) has opened a consultation on its Opinion on Artificial Intelligence Governance and Risk Management. This Opinion provides guidance for supervisors and insurance undertakings on interpreting and implementing sector-specific provisions in light of AI adoption and sets high-level supervisory expectations for the responsible use of AI in insurance, […]
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We’re pleased to present our new factsheet, which outlines the latest updates to the Corporate Sustainability Due Diligence Directive (CSDDD), following the European Commission’s proposed amendments on February 26, 2025. The revisions aim to ease regulatory burdens while maintaining the EU’s Green Deal objectives. The factsheet provides a concise breakdown of these updates impacted by […]
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The European Commission’s Omnibus proposals introduce significant changes to the Corporate Sustainability Reporting Directive (CSRD), impacting reporting requirements, materiality assessments, and assurance levels. Our latest factsheet provides a concise overview of these updates, helping organisations navigate the evolving regulatory landscape. 📄 Access the factsheet here.
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The European Commission has disclosed two major legislative packages—Omnibus I and Omnibus II—aimed at reducing regulatory burdens, improving sustainability rules, and unlocking investment. Objectives The proposals seek to achieve: Key Changes for CSRD Key Changes for CSDDD Next Steps The proposals are now under review by the European Parliament and the Council. ECIIA Perspective The […]
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The European Commission has published its 2025 Work Programme, setting a strategic course for boosting competitiveness, enhancing security, and strengthening economic resilience across the EU. With a focus on innovation and growth, the work programme outlines a series of initiatives aimed at creating more opportunities for citizens and businesses, as well as fostering a secure […]
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With the Digital Operational Resilience Act (DORA) coming into force on 17 January 2025, the European Banking Authority is streamlining its ICT and security risk management Guidelines to avoid duplication and ensure legal clarity. What’s changing? Why it matters? DORA introduces harmonised ICT risk management requirements across financial sectors, ensuring consistency and reducing regulatory duplication. […]
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Join Us for an Exclusive Webinar for CAEs and Their Teams in Banking We invite Chief Audit Executives (CAEs) and their direct reports in the banking sector to an insightful webinar designed to provide key regulatory updates and facilitate an engaging exchange on critical topics with EU regulators and supervisors. Agenda Highlights: Speakers: Further Information: […]
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The European Confederation of Institutes of Internal Auditing (ECIIA) is seeking a strategic and dynamic leader to become our next Chief Executive Officer. As CEO, you’ll play a key role in driving ECIIA’s mission, collaborating with European regulators, supporting our 35 national institutes, and ensuring the organisation remains fit for the future. Interested? Check out […]
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