The Joint Committee of the European Supervisory Authorities (ESAs) has highlighted progress in implementing the Digital Operational Resilience Act (DORA) and strengthening consumer protection in its 2025 Annual Report.

The ESAs include the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA), and EIOPA chaired this year’s Joint Committee.

In 2025, the implementation of the DORA was at the core of the Joint Committee’s work, having finalised key rules, designated 19 critical third-party providers, and launched new oversight and cyber incident coordination frameworks to strengthen the EU financial sector’s resilience to digital disruption.

The ESAs also prioritised consumer protection through stronger disclosures and financial education, issuing crypto risk warnings and guidance under Markets in Crypto-Assets Regulation, while updating Packaged Retail and Insurance-based Investment Products Regulation rules to improve transparency for retail investors.

During the year, the Joint Committee also improved the effectiveness of sustainable finance disclosures and enhanced cross-sectoral risk monitoring.

Cross-sectoral initiatives that it focused on included work to enhance the EU securitisation framework, progress on the European Single Access Point (ESAP), and support for financial innovation through the European Forum for Innovation Facilitators (EFIF).

It also continued 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).

Furthermore, in line with the European Commission’s priorities, the Joint Committee further contributed to efforts to simplify the EU financial regulatory framework and reduce unnecessary complexity.

The Joint Committee was established to strengthen cooperation between the EBA, EIOPA and ESMA.

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