Regulatory Alerts2026-06-30
Added · Updated
Final report on amending Guidelines on product oversight and governance arrangements for retail banking products
The European Banking Authority issued this final report to amend its Product Oversight and Governance Guidelines, explicitly integrating requirements for managing Environmental, Social, and Governance risks and preventing greenwashing in retail banking products. The updated framework mandates that manufacturers implement robust internal control functions to identify and mitigate greenwashing risks throughout the product lifecycle, while also extending the scope to include consumer credits under the Consumer Credit Directive. These amendments align with recent EU legislative changes and are scheduled to apply from 11 January 2027 to ensure higher standards of consumer protection and market integrity.
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