This episode of Global Regulation Tomorrow Plus is the first in a three part mini-series in which Jonathan Herbst, Georgia Karamani and Simon Lovegrove discuss how financial services firms can build regulatory and operational resilience amid the geopolitical landscape. This first episode covers prudential related issues – mapping exposures, stress testing and reviewing internal capital
Global
FATF targeted report on stablecoins and unhosted wallets
On 3 March 2026, the Financial Action Task Force (FATF) published a targeted report on recommended practices for jurisdictions and the private sector to adopt to mitigate the misuse of stablecoins.
Overview
Compared to the FATF’s previous targeted update which focused on virtual assets more broadly, this targeted report focuses on stablecoins and…
Basel Committee issues consolidated version of its guidelines
On 26 February 2026, the Basel Committee on Banking Supervision launched a new section of its website that sets out a consolidated version of its guidelines and sound practices for banks and supervisors. The website has been published, initially in draft form, together with a consultative document to gather feedback from stakeholders. The deadline for…
Monthly Financial Services Regulatory ESG updater
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 limited uniformity in regulation as financial…
IOSCO publishes 2026 workplan
- Strengthening Financial Resilience and Market
FSB warns of financial stability challenges in repo markets
On 4 February 2026, the Financial Stability Board (FSB) published a report on Vulnerabilities in Government Bond-backed Repo Markets.
The report forms part of the FSB’s work programme to enhance resilience in nonbank financial intermediation (NBFI).
The report focuses on the repo markets backed by government bond collateral as this…
FSB Work Programme 2026
On 3 February 2026, the Financial Stability Board (FSB) published its Work Programme for 2026.
The Work Programme summarises ongoing and planned FSB initiatives in 2026, some of which extend into 2027 and beyond. An Annex to the Work Programme provides an indicative timeline of key FSB publications and external events planned…
Regulation Around the World – Issue 17: 2026 Global Horizon Scanning
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.
Global Horizon Scanner: International collaboration
In the next instalment of our global horizon series (first instalment available here), our team observes a growing trend of increased international collaboration between regulators in different jurisdictions despite wider geopolitical tensions.
Europe
The European Public Prosecutor’s Office (EPPO), the independent public prosecution office of the European Union has become increasingly active. It is…
Investment Association publishes roadmap for transition to t+1
On 26 January 2026, the Investment Association published a report in relation to T+1 Settlement Navigating the UK EU and Swiss Transition (the Report).
Summary
The Report provides a roadmap of the UK and European Union securities markets from a trade-date-plus-two (T+2) to a trade-date-plus-one (T+1) settlement cycle, currently targeted…