In this latest issue of Regulation Around the World, we look at some of the key regulatory developments that institutions operating in financial services should anticipate in 2026. The jurisdictions covered by this update include the United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, Türkiye, United States, UAE, Australia and China.
Read the full update here.
On 4 December, the Australian Prudential Regulation Authority (APRA) released a letter that responds to submissions to its consultation on amendments to its prudential and reporting frameworks to facilitate the phase out of Additional Tier 1 (AT1) capital instruments – also known as hybrid bonds – as eligible regulatory capital for
On 5 December 2025, ASIC has again extended the transitional relief for foreign financial services providers (FFSPs) for an additional 12 months (until 31 March 2027).
A person who carries on a financial services business in Australia must hold an Australian financial services licence (AFSL) covering the provision of the financial
In this latest issue of Regulation Around the World we look at how regulators have implemented the Basel 3.1 reforms, asking eight key questions in the following jurisdictions: United Kingdom, United States, EU, Luxembourg, France, Italy, Turkey, Netherlands, Australia, South Africa and the UAE. For European jurisdictions we add one further topical question outside of
On 26 November 2025, the Federal Parliament introduced the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Bill 2025 (the Bill). Among other things, the Bill is aimed at supporting the participation of foreign financial services providers (FFSPs) in Australia.
General licensing requirement
A person who carries on
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
On 17 October 2025, Treasury issued the second edition of the Regulatory Initiatives Grid (RIG). The RIG is available in three formats: a comprehensive RIG Report, an interactive dashboard, and an Excel workbook.
As with the first edition, the second edition of the RIG outlines upcoming initiatives from financial agencies. However, in order
On 9 October 2025, the Albanese Government released an exposure draft of a Bill that lays the foundations for a new regulatory framework for payment service providers (PSPs). The draft Bill builds on the changes the Government made last month with the passage of the Treasury Laws Amendment (Payments System Modernisation) Bill 2025
On 25 September 2025, the Australian Government opened a consultation on draft legislation to regulate digital asset platforms and tokenised custody platforms by introducing each as new financial products.
The draft legislation seeks to implement the Australian Government’s commitment in the 2024-2025 Budget to modernise Australia’s digital asset regulations. The proposals would address the current
On 25 September 2025, HM Treasury (HMT) published a policy paper on the inaugural UK-Australia Joint Financial Regulatory Forum (Forum), held virtually, and jointly chaired by Gwyneth Nurse, Director General (Financial Services) of HM Treasury (HMT), and James Kelly, Deputy Secretary (Markets Group) of the Australian Treasury on 24