On 30 April 2025, the Basel Committee on Banking Supervision (Basel Committee) revised its Principles for the Management of Credit Risk (Credit Risk Principles).
The Credit Risk Principles provide guidelines for banking supervisory authorities to evaluate banks’ credit risk management processes in four key areas: (i) establishing a suitable credit risk
On 23 April 2025, the Financial Stability Board (FSB) published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 23-24 April.
In the letter Mr Knot reflects on the progress made in addressing global challenges to financial stability and outlines priorities for
On 15 April 2025, the Financial Stability Board (FSB) published its finalised Format for Incident Reporting Exchange (FIRE), a global standardised format aimed at streamlining cyber and operational incident reporting and enhancing cross-border cooperation.
FIRE is a common framework that financial firms can use to report operational incidents, including cyber
In this latest podcast of our EMEA regulatory insights series Lucinda McCann from our Sydney office discusses APRA’s recently announced governance review and ASIC’s report ‘Beware the gap: Governance arrangements in the face of AI innovations’.
Listen to the podcast here.
We have also published a briefing note on APRA’s governance review.
Read the
On 12 March 2025, the International Organisation of Securities Commissions (IOSCO) issued a consultation report on neo-brokers.
Neo-brokers are a subset of brokers, characterized by providing online-only investment services and by the absence of physical operating branches, thereby using technology to facilitate those services and access to financial markets. Neo-brokers have very limited
On 12 March 2025, the International Organisation of Securities Commissions (IOSCO) issued a new consultation report on artificial intelligence (AI) in capital markets.
The purpose of the consultation report is to create a shared understanding among IOSCO members of the issues, risks and challenges that emerging AI technologies used in financial
In this latest episode of Global Regulation Tomorrow Plus Elisa de Wit, Vittorio Casamento and Simon Lovegrove explore the carbon market generally and then discuss the Australian financial services regime for carbon credits and when to apply for an AFS licence.
Listen to the podcast here.
On 26 February 2025, the Financial Action task Force (FATF) issued a public consultation seeking input on best practices in mitigating proliferation financing risks. The consultation is intended to help FATF produce a report that will improve country and private sector understanding of current proliferation financing risks. This will cover the evasion techniques
This article was co-authored with Michele Beck, Tom Clark, Masooma Saberi, Hasan Mohammad and Vivian Truong.
Between November 2024 and January 2025, the Australian Securities and Investments Commission (ASIC) released draft guidance for the new sustainability reporting regime, as well as guidance on the financial Advisor reforms in the Treasury Laws Amendments (Delivering Better Financial