On 6 May 2026, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a consultation on proposed amendments to (i) the Resilience of central counterparties (CCPs): Further guidance on the Principles for financial market infrastructures (PFMI) (CCP resilience
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CPMI-IOSCO assesses that the UK has implemented the PFMI but recommends improvements
On 16 April 2026, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) announced that it had completed its assessment of the United Kingdom’s implementation of the framework for systemically important payment systems and central securities depositories (CSDs)…
Financial Services Regulatory ESG updater
3 March – 3 April 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…
Basel Committee technical amendment on the standardized approach to operational risk
On 23 March 2026, the Basel Committee on Banking Supervision (Basel Committee) issued a document containing a technical amendment on the standardised approach to operational risk.
In June 2025, the Basel Committee issued a proposed technical amendment for consultation related to the standardised approach to operational risk. The technical amendment sought to clarify…
IOSCO proposes good practices concerning OTC commodities derivatives markets

On 19 March 2026, the International Organization of Securities Commissions (IOSCO) issued a consultation report inviting comments on proposed good practices intended to support the implementation of IOSCO’s Principles for the Regulation and Supervision of Commodity Derivatives Markets (the Principles). Specifically, the consultation report is focussing on strengthening Principles 12 (authority to…
Financial Services Regulatory ESG updater
3 February – 3 March 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…
FATF report – Understanding and Mitigating the Risks of Off-shore VASPs
On 11 March 2026, the Financial Action Task Force (FATF) issued a report, Understanding and Mitigating the Risks of Off-shore Virtual Asset Service Providers.
The FATF has issued this report so that parties may better understand the risks of off-shore Virtual Asset Service Providers (oVASPs) with a view to identifying…
Podcast | Global Regulation Tomorrow Plus: Geopolitics 1
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…
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…






