ESAs Publish 2027 Work Programme Priorities
The Joint Committee of the EBA, EIOPA and ESMA sets out cross-sectoral supervisory priorities for the coming year.
Updated on Nov. 5, 2026 in Financial Services
The Joint Committee of the European Supervisory Authorities, comprising the EBA, EIOPA and ESMA, has published its Annual Work Programme for 2027. The document sets out priorities for addressing cross-sectoral risks across the European Union's financial sector.
Why it matters
The programme shapes how supervisors across banking, insurance and securities coordinate oversight in the EU. It supports the European Commission's goal of building an efficient Savings and Investment Union while advancing a simplification agenda intended to reduce unnecessary regulatory burdens.
The programme is an official supervisory planning document rather than a set of reported financial metrics, and the source provides no specific figures. Its scope is defined by named priority areas, with no quantified targets stated.
The players
European Banking Authority (EBA)
The EBA is one of the three European Supervisory Authorities responsible for banking sector oversight and regulatory standards across the EU.
European Insurance and Occupational Pensions Authority (EIOPA)
EIOPA is one of the three European Supervisory Authorities that oversees insurance and occupational pensions regulation across the EU.
European Securities and Markets Authority (ESMA)
ESMA is one of the three European Supervisory Authorities that supervises securities markets and market participants across the EU.
The details
Key priorities include digital operational resilience, technological innovation, sustainable finance, securitisation and cross-sectoral risk monitoring. The ESAs will continue overseeing critical ICT third-party providers under the Digital Operational Resilience Act and keep up joint work on issues affecting retail consumers.
Timeline
5 November 2026: The Joint Committee published the Annual Work Programme for 2027.
2027: The programme's priorities period, which the work programme covers.
Big Picture
The 2027 programme carries forward the ESAs' oversight of critical ICT third-party providers under the Digital Operational Resilience Act. It places that work alongside sustainable finance and securitisation priorities within the Commission's Savings and Investment Union agenda.
Consumers and firms dealing with EU banks, insurers and investment providers may see supervisory emphasis on digital resilience and retail consumer issues shape the products and services they encounter. The simplification agenda aims to reduce compliance burdens, though the programme itself sets priorities rather than immediate rule changes.
The takeaway
The programme signals where EU financial supervisors will concentrate effort in 2027, from digital operational resilience and AI-related developments to sustainable finance and retail consumer protection. Readers following EU financial regulation can track how these priorities translate into specific supervisory actions over the coming year.
Further reading
For broader context on how supervisors approach these issues, see the Financial Services section.
Source note: This article includes information reported by European Banking Authority.
