Digital, Innovation, Payments
Digital Omnibus: The European Commission’s proposed simplification of EU digital rules
Published on 03 December 2025
The most immediate element of the European Commission’s new Digital Package is the Digital Omnibus, which proposes targeted amendments to existing EU rules on data, cybersecurity, privacy and artificial intelligence. Its stated objective is to simplify requirements, reduce fragmentation, and make compliance more workable for organisations operating across the Single Market.
Summary
Digital Omnibus
A central proposal is the consolidation of several data related legal instruments into a more streamlined framework under the Data Act, with the aim of improving legal clarity.
In the area of cybersecurity, the Omnibus proposes a single entry point for incident reporting. This would allow companies to meet cybersecurity and data breach reporting obligations across different EU laws through one unified channel.
For artificial intelligence, the Omnibus links the application of high risk AI obligations to the availability of supporting standards and tools. It also extends simplified requirements to small mid-cap companies and strengthens the supervisory role of the AI Office, with the objective of supporting more consistent implementation across the EU.
The proposed amendments also include changes relating to the GDPR, clarifying specific concepts such as pseudonymisation and updating rules on cookies. The Commission’s approach would allow users to manage consent through simplified, centralised settings.
Data Union Strategy
The Data Union Strategy complements the Omnibus by focusing on data availability, reduced regulatory complexity and the EU’s approach to international data flows.
It includes measures such as Data Labs, intended to facilitate access to high quality datasets for AI development, and a Data Act Legal Helpdesk designed to support companies, particularly SMEs, in applying the new rules.
European Business Wallets
The proposal for European Business Wallets would create a secure and interoperable digital tool for companies and public sector bodies. The wallets are intended to support digital identification and authentication, document signing, and the exchange of verified information across Member States.
According to the Commission, widespread uptake could generate administrative savings of up to EUR 150 billion per year for businesses. The Commission also refers to an estimated EUR 5 billion in one-off savings expected from the simplification measures in the Digital Omnibus.
The ABBL is analysing the proposals with its members and assessing the implications for the Luxembourg banking sector. It is coordinating sector specific feedback and, where appropriate, will pursue targeted advocacy to help ensure that implementation supports legal certainty, operational efficiency and the competitiveness of financial institutions in Luxembourg.
If you would like to contribute to ABBL work and advocacy on the Digital Package, please contact ABBL’s Member Relations Team.
Andrey Martovoy
Senior Adviser - Innovation & Digital, ABBL
Published on 03 December 2025