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Regulatory Watch News

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  The ESAs call for vigilance amid rising geopolitical and cyber risks

  ESMA

  March 31, 2025

  The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their Spring 2025 Joint Committee update on risks and vulnerabilities in the EU financial system, which focuses on the challenges linked to geopolitical tensions and cyber risks.

  The ESAs warn that growing geopolitical tensions and rising cyber risks present significant challenges to financial stability. These include trade disputes, rapidly shifting policies, ongoing international conflicts and the prospect of economic fragmentation which are reshaping global markets, requiring heightened vigilance and adaptability from supervisors and financial entities alike. Financial institutions must navigate growing uncertainties, including exposure to international markets, liquidity risks and the evolving role of artificial intelligence (AI). Ensuring resilience in the face of these developments is crucial.

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  New investment supports the CPS work to crackdown on illegal immigration

  The Crown Prosecution Service

  March 31, 2025

  PEOPLE smuggling gangs who exploit vulnerable people for financial gain could see their criminal enterprises dismantled more swiftly thanks to a £3.23m funding boost for extra prosecutors. The Crown Prosecution Service (CPS) has been allocated extra funds by Government to increase capacity for work on the Border Security Command. The money will allow CPS to recruit additional staff in the areas at the front line of combatting organised immigration crime.

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  Eid- el- Fitr: We Can Overcome Corruption by Stronger Resolve – Olukoyede

  EFCC

  March 31, 2025

  Executive Chairman of the Economic and Financial Crimes Commission,  Mr Ola Olukoyede has expressed optimism that Nigerians are capable of breaking the fang of corrupt practices by mustering stronger resolve and determination against them. He stated this in Abuja on Sunday,  March 30, 2025 in his Goodwill Message to muslims commemorating Eid- el- Fitr across the country. According to him,  tackling economic and financial crimes and other acts of corruption are achievable through courageous readiness and corporate commitments of Nigerians.