Global Regulation Tomorrow

On 9 November 2026, the Basel Committee on Banking Supervision (Basel Committee) issued a consultation on proposed additional Pillar 2 guidance on interest rate risk in the banking book (IRRBB).

Background

In April 2016, the Basel Committee published its standard on IRRBB.  The IRRBB standard was

On 9 November 2026, the European Banking Authority issued the final methodology, draft templates and template guidance for its 2027 EU-wide stress test, together with the key milestones for the exercise. The 2027 exercise will also include, for the first time, a dedicated module assessing climate-related risks. The 2027 EU-wide

On 9 November 2026, the European Commission adopted two Delegated Regulations relating to credit rating methodologies under the Credit Rating Agency (CRA) Regulation:

• Commission Delegated Regulation (EU) amending Annex I to the CRA Regulation as regards transparency, review and validation of methodologies. Point 1 of the Annex

The Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a reminder for market parties to comply with their legal obligations under the Markets in Crypto-Assets Regulation (MiCAR) as it has noticed a lack of awareness among parties that create and offer crypto-assets

On 2 November, the Dutch Central Bank (De Nederlandsche Bank, DNB), published a report on the economic impact of AI in the Netherlands. According to DNB, AI could significantly affect economic growth and inflation, making it a matter of importance for central banks. The effects of AI

On 4 November 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a report on the state of the financial service providers sector. The report highlights the increasing use of artificial intelligence (AI) by financial service providers and the critical importance

On 6 November 2026, the European Banking Authority (EBA) outlined the way forward for the finalisation of proposals to simplify EU supervisory reporting, following extensive dialogue with the banking industry and feedback received during public consultation.

Background

On 10 April 2026 the EBA issued a public consultation on

On 6 November 2026, the Financial Conduct Authority (FCA) published a blog in relation to the fairness of consumer contracts and how the FCA can use its powers to tackle harm.

Background

The FCA highlights that all firms are responsible for making sure that terms in their consumer

On 5 November 2026, the Basel Committee on Banking Supervision (Basel Committee) issued a consultative document on consequential amendments to the Basel Framework to update cross-references to refer to the relevant chapters in the consolidated guidelines.

Background

In 2025, the Basel Committee initiated work to consolidate its guidelines

On 5 November 2026, the European Banking Authority (EBA) issued a final report containing revisions to its July 2021 guidelines on internal governance under the Capital Requirements Directive (CRD).

Background

The guidelines on internal governance were initially developed to address governance weaknesses identified in the aftermath

On 28 October 2026, the German Federal Ministry of Finance (“BMF”) published the ministerial Draft Act Implementing the Sixth EU Anti-Money Laundering Directive and Strengthening Money Laundering Prevention (“Draft Bill”). Although the Draft Bill has been characterised by the BMF as a 1:1 implementation, a more detailed review is warranted.

On 5 November 2026, the Financial Conduct Authority (FCA) announced a new Quantum Experimentation Group (QEG) intended to explore quantum computing applications in financial services.

Summary

The FCA explains that the QEG will aim to help firms assess where quantum computing may offer benefits over existing

On 4 November 2026, the Bank of England (BoE) published its response to the Retail Payments Infrastructure Board’s (RPIB) June 2026 consultation on the design of the UK’s Next Generation retail payments infrastructure.

Background

On 25 June 2026, the BoE published a consultation setting out its

On 3 November 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 15/26 ‘Northern Ireland Credit Unions: Implementing legislative changes’ (CP15/26).

Background

In April 2025, the Department for the Economy (DfE) in Northern Ireland consulted on a number of proposed reforms to modernise the

On 2 November 2026, the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2026 were made.

The Regulations come into force on 16 December 2026 and extend by 12 months the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019 which enable specified

Introduction

Financial services regulators, around the world are treating anti-money laundering (AML) compliance as a priority. They are strengthening their supervisory frameworks, imposing significant penalties for systems and controls failures, and dealing with emerging risks linked to crypto-assets, beneficial ownership transparency and increasingly sophisticated cross-border financial flows.

Regulation

On 4 November 2026, the European Commission (Commission) published a communication regarding its work programme for 2027.

The communication discusses the Commission’s main plans and priorities for 2027 and is accompanied by an Annex listing new initiatives and their expected timing, as well as initiatives the Commission

On 29 October 2026, the Council of the EU published statements on both the proposed Directive on payment services and electronic money services in the internal market (PSD3) and the proposed Regulation on payment services in the internal market (PSR) confirming that it had adopted at first reading the texts

On 3 November 2026, the FCA published Policy Statement 26/21 ‘‘Streamlining the UK EMIR Intragroup Regime’ (PS26/21).

Background

On 5 November 2026, HM Treasury published a draft statutory instrument for technical comment, which set out proposals to make the intragroup exemptions from the margin and clearing requirements currently

On 3 November 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/22 ‘ESG ratings: final regime’ (PS26/22).

Background

On 1 December 2025, the FCA published Consultation Paper 25/34 (CP25/34) on its proposed approach to Environmental, Social, Governance (ESG) ratings regulation. The