European Union: EBA publishes revised internal governance guidance for investment firms

The European Banking Authority has published revised guidance on internal governance for investment firms: see here (pdf). The accompanying press release, available here, notes that the guidance has been developed on the basis of Article 26 of Directive (EU) 2019/2034 on the prudential supervision of investment firms, which obliges Member States to ensure that investment firms have "robust" governance arrangements and that, in this regard, the EBA should issue guidelines.