EBA and ESMA launch a consultation to harmonise ‘fit-and-proper’ checks for senior bank and investment leaders, proposing clearer supervision, standardised suitability, and stronger AML safeguards – feedback by 25 May 2026

The proposed updates revise joint guidelines governing how institutions assess the suitability of management-body members and key function holders, reflecting legislative changes introduced under CRD VI and aiming to strengthen governance, competence and integrity standards across the EU financial sector. In parallel, the EBA consults on draft regulatory technical standards to harmonise the information large institutions must submit to supervisors during suitability assessments, supporting greater supervisory…