In this latest edition of Regulation Around the World, we focus on the global transformation of the settlement of securities transactions, as many jurisdictions begin to shift from a standard settlement timeline of two business days after trade to just one. In this issue, we examine these developments, exploring the regulatory frameworks, cross-border challenges and technological
Australia
Future of Payments series – Episode 3 Safeguarding in Australia’s new payments framework
In the latest edition of our global podcast series, Future of Payments, James Morris and Simon Lovegrove continue their discussion on Australia’s payment services reforms focussing on the proposed safeguarding regime.
Listen to this episode here.
Financial Services Regulatory ESG updater
3 April – 3 May 2026
Introduction
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is…
Silent AI risks finally make some noise

A decade ago, “silent cyber” forced the market to confront unintended, unpriced coverage lurking among traditional policy lines. The same dynamic is now playing out with artificial intelligence, and it is accelerating faster than policy language, underwriting questionnaires or claims protocols can adapt. The result is a growing category of “silent AI” exposure, being AI-related…
APRA’s latest System Risk Outlook

- Australia’s financial system is resilient and well-positioned
ASIC sets financial reporting, audit and sustainability focus areas for FY 2026–27

- Financial reporting: ASIC will be particularly interested in areas where significant judgement
Silent AI risks finally make some noise

A decade ago, “silent cyber” forced the market to confront unintended, unpriced coverage lurking among traditional policy lines. The same dynamic is now playing out with artificial intelligence, and it is accelerating faster than policy language, underwriting questionnaires or claims protocols can adapt. The result is a growing category of “silent AI” exposure, being AI-related…
ASIC issues early observations on sustainability reporting ahead of 30 June 2026

On 18 May 2026, the Australian Securities and Investments Commission (ASIC) shared its observations on the first sustainability reports prepared under Chapter 2M of the Corporations Act 2001 (Cth) (Corporations Act). ASIC is sharing these observations to help other reporting entities as they approach the 30 June 2026 reporting season. ASIC’s…
APRA consults on more efficient and transparent bank licensing framework
On 13 May 2026, the Australian Prudential Regulation Authority (APRA) released for consultation a new draft licensing framework for locally-incorporated Authorised Deposit-taking Institutions (ADIs). Aside from the consultation paper, APRA has also released the draft ADI licensing framework for feedback, which comprises the ADI Licensing Criteria and ADI Licensing Guidelines.
Background…
ASIC urges immediate cyber resilience measures amid rising AI-driven threats


On 8 May 2026, the Australian Securities and Investments Commissions (ASIC) issued an open letter to industry calling on all licensees and market participants to urgently strengthen their cyber resilience measures, as frontier artificial intelligence (AI) intensifies the global cyber risk environment.
The letter emphasises the need for urgent, focused action…


























