EU Cracks Down

The European Union is cracking down on non-compliant member states, with France, Latvia, and Spain facing infringement procedures for failing to notify national measures under Article 53 of the Digital Operational Resilience Act, as reported by MLex. This move comes as the EU is strengthening its digital operational resilience, with the European Parliament's ECON Committee adopting its negotiating mandate on the Digital Euro / Single Currency Package, which is expected to open trilogues with the Council in the second half of 2026, as part of the broader effort to adopt the EU Adopts Digital Euro Package.

The EU's efforts to enhance financial regulation are also evident in the latest compromise text of the Payment Services Regulation, which includes domain-level enforcement provisions, enabling competent public authorities to order domain name registries or registrars to delete a fully qualified domain name belonging to a non-compliant service provider, as outlined on centr.org. Furthermore, the European Union legislator has adopted a new regulation establishing a screening framework for foreign direct investments, which is expected to strengthen the EU's ability to screen foreign investments, as discussed on concurrences.com, and is part of the EU's broader efforts to EU Screens Foreign Investments.

The transposition deadline for Directive (EU) 2024/927, also known as AIFMD II, passed on 16 April 2026, with member states required to apply the new rules from that date. However, implementation progress has varied, with some member states still working to implement the new rules. As the EU continues to strengthen its financial regulation, member states that fail to comply with EU rules and regulations can expect to face consequences, such as the infringement procedures currently facing France, Latvia, and Spain, which must notify measures under EU financial cybersecurity rules, and are also subject to the EU Countries Face Cybersecurity Rule Deadline.

The Sloan Sabbith Take

Money Markets & EU Financial Policy — Paris

As I see it, the EU's latest crackdown on regulatory measures is a step in the right direction, but it's just the beginning. My thesis is that without continued pressure and reform, the EU's efforts will be for naught. If nothing changes, the real winners will be the corporate giants and special interest groups that have long exploited the system for their own gain, at the expense of the average citizen. They will continue to reap the benefits of a lack of oversight and accountability, while the rest of us are left to deal with the consequences.

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