On 12 December 2025, the Basel Committee on Banking Supervision (Basel Committee) and the International Organization of Securities Commissions (IOSCO) published a report that reviews the implementation of margin requirements for non-centrally cleared derivatives. The report concludes that the framework has been effectively implemented and finds no evidence of material issues.
Asia
Basel Committee publishes assessment reports on the implementation of its global standards in the UK
On 3 December 2025, the Basel Committee on Banking Supervision (Basel Committee) published its latest report covering the implementation of the Basel standards by member jurisdictions. The report is part of the Basel Committee’s Regulatory Consistency Assessment Programme and focuses on the implementation of the Net Stable Funding Ratio (NSFR) and…
Operating in a world of considerable challenge – FSB Chair’s letter to G20
On 20 November 2025, the Financial Stability Board (FSB) published a letter from its Chair to G20 leaders ahead of their summit on 22-23 November 2025.
In his letter FSB Chair, Andrew Bailey, refers to the challenging economic outlook, noting that the FSB is operating in a “world of considerable challenge”, and calls…
Basel Committee meeting focuses on financial stability, digitalisation and Basel III implementation
- The use of synthetic
Open Finance in focus: From Open Banking to Open Finance across the UK, EU, Australia, and the US
Join us at our next webinar examining how jurisdictions are progressing from Open Banking to Open Finance, including updates on the Open Finance regimes in the UK, EU, Australia, and the US.
Our Global Financial Services Regulation team will be joined by Simone Plances, a Smart Data Accelerator Manager from the Financial Conduct Authority who…
FCA partners with Singapore to drive growth and AI innovation
On 12 November 2025, the Financial Conduct Authority (FCA) announced a strategic partnership on artificial intelligence with the Monetary Authority of Singapore. For the first time, the FCA will also establish a presence in Singapore with the appointment of an FCA Financial Services Attaché based at the British High Commission. This forms part…
IA-IMAS report on tokenised asset markets in the UK and Singapore
On 12 November 2025, the Investment Association and the Investment Management Association of Singapore issued a joint report examining the challenges and opportunities in tokenised asset markets across both jurisdictions. It also provides an operational readiness checklist for market participants looking to design and launch tokenised financial products. The report was developed in collaboration with…
FATF issues Asset Recovery Guidance and Best Practices
On 4 November 2025, the Financial Action Task Force (FATF) issued Asset Recovery Guidance and Best Practices.
The FATF revised its Recommendations on asset recovery and related international co-operation in October 2023 and made corresponding changes to the FATF Assessment Methodology in June 2024. These changes signal that asset recovery must become…
FMSB Statement of Good Practice on Unauthorised Trading Frameworks
On 9 October 2025, the Financial Markets Standards Board (FMSB) published in final form a Statement of Good Practice on Unauthorised Trading Frameworks.
The FMSB is an industry-led, member-funded global standards body for the wholesale financial markets.
The FMSB has issued the Statement of Good Practice to help establish practical, industry-wide guidance…
FSB issues fourth AI report
On 10 October 2025, the Financial Stability Board (FSB) issued a report that examines how financial authorities can monitor artificial intelligence (AI) adoption and assess related vulnerabilities. The report builds on the FSB’s 2024 report and incorporates findings from a member survey on AI monitoring approaches, interviews with member authorities, publicly…