- What are the most significant recent or forthcoming changes to your jurisdiction’s AML/CFT framework, and
Regulation Around the World – Issue 19: Anti-money laundering
Basel Committee finalises measures to address window-dressing in the G-SIB framework and consults on G-SIB methodology review
On 16 October 2026, the Basel Committee on Banking Supervision (Basel Committee) published final amendments to address window dressing in the global systemically important bank (G-SIB) framework and a consultation on the G-SIB methodology review. The final amendments follow a consultative document that the Basel Committee issued in March 2024
“Window dressing” seeks
FSB issues sound practices for responsible adoption of AI
On 15 October 2026, the Financial Stability Board (FSB) published a final report setting out 12 sound practices to facilitate responsible artificial intelligence (AI) adoption by financial institutions. The final report includes case studies illustrating the benefits that financial institutions have reported and how some sound practices have been applied proportionately.
CPMI and IOSCO final report on FMIs’ management of general business risks and losses
On 14 October 2026, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a final report that provides supplemental guidance for financial market infrastructures (FMIs) and relevant authorities on certain principles and key considerations relating to FMIs’ management of general business
FSB consultation report on regulatory and supervisory modernisation principles
On 14 October 2026, the Financial Stability Board (FSB) issued a consultation report on regulatory and supervisory modernisation principles.
The consultation report responds to a request from the G20 Presidency and is informed by a stocktake of modernisation efforts already underway or completed by FSB members and a symposium hosted by the FSB
G20 Implementation Monitoring Review: 2026 report
On 14 October 2026, the Financial Stability Board (FSB) issued its 2026 report to the G20 covering its implementation monitoring work.
Background
In 2025, the G20 Presidency asked the FSB to review how it promotes and monitors implementation of G20 financial sector reforms. To undertake this work, the FSB established an implementation monitoring
Basel Committee finds Australia, Japan, Korea, Switzerland compliant, and Canada, United Kingdom largely compliant with its leverage ratio framework
On 13 October 2026, the Basel Committee on Banking Supervision (Basel Committee) published assessment reports on the implementation of its leverage ratio framework in Australia, Canada, Japan, Korea, Switzerland and the United Kingdom. The assessments form part of the Basel Committee’s Regulatory Consistency Assessment Programme, which evaluates the consistency and completeness of Basel
Financial Services Regulatory ESG updater
3 September – 3 October 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
FSB Chair sets out FSB work on AI and stablecoins
On 12 October 2026, the Financial Stability Board (FSB) published a letter from its Chair, Andrew Bailey, to G20 Finance Ministers and Central Bank Governors, ahead of their meeting on 15 October.
Background
The letter highlights risks to the global financial system, including heightened volatility in sovereign bond markets, vulnerabilities in private credit
FSB peer review report – Thematic review on public sector backstop funding mechanisms
On 9 October 2026, the Financial Stability Board (FSB) issued a peer review report on its thematic review on public sector backstop funding (PBF) mechanisms.
Background
The FSB adopted the Key Attributes of Effective Resolution Regimes for Financial Institutions (KAs) in 2011, to make it possible to resolve a