On 13 January 2026, the G7 Cyber Expert Group (G7 CEG) issued a statement on advancing a coordinated roadmap for the transition to post-quantum cryptography in the financial sector. The statement follows an earlier statement that the G7 CEG issued in September 2024 which highlighted the benefits and risks associated with quantum computing.
Canada
IRSG report on AI in financial services: emerging global norms
On 12 January 2026, the International Regulatory Strategy Group (IRSG) published a report mapping how jurisdictions are approaching artificial intelligence (AI) in financial services. The report identifies where global coherence is emerging and outlining practical steps for policymakers and regulators to promote the safe and responsible innovation of AI.
Key findings…
Global Asset Management Review – Issue 4
- Update on the UK listed fund sector.
- Overview of funds market and fundraising environment.
- Tokenisation from pilot to practice: A UK manager’s guide
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…
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…
Basel Committee issues technical amendment regarding hedging of counterparty credit risk
On 28 October 2025, the Basel Committee on Banking Supervision issued a technical amendment to the Basel Framework which relates to the circumstance where a bank uses a guarantee or credit derivative to hedge the counterparty credit risk of a derivative exposure subject to the standardised approach to counterparty credit risk or the internal models…
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…