Global

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

We have published a new guide focusing on key elements of the public M&A rules in 10 jurisdictions. Using a Q&A format, the guide provides an overview of the features of each regime and identifies early-stage issues for bidders to be aware of.

On 2 June 2026, the Basel Committee on Banking Supervision (Basel Committee) published a report describing a range of observed information and communication technology (ICT) risk management practices across jurisdictions to address non-malicious ICT incidents.

The report covers a range of observed ICT risk management practices across different jurisdictions relevant to

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

On 21 May 2026, the International Organization to Securities Commissions (IOSCO) published a Consultation Report, Regulatory Considerations and Good Practices on the Evolution of Market Liquidity During the Trading Day.

The Consultation Report analyses how liquidity is distributed throughout the trading day – including the increasing concentration of trading at the close

On 21 April 2026, the EU Parliament adopted a new Anti-Corruption Directive, introducing a comprehensive anti-corruption criminal law to Member States with significant corporate penalties. The Directive reinforces cooperation with EU agencies and bodies including the European Anti-Fraud Office, the European Public Prosecutor’s Office, Europol and Eurojust, signalling a coordinated enforcement landscape for cross-border corruption

On 6 May 2026, the Financial Stability Board (FSB) issued a report on vulnerabilities in private credit.

The report forms part of the FSB’s work programme to enhance resilience in non-bank financial intermediation.

Private credit activity has grown rapidly, to an estimated $1.5 to 2.0 trillion in assets at end-2024 and is heavily