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
On 1 June 2026, the International Organization of Securities Commissions (IOSCO) published a final report in valuing collective investment schemes (CIS). The final report updates and consolidates IOSCO’s earlier 2007 Principles for the Valuation of Hedge Fund Portfolios and 2013 Principles for the Valuation of CIS. It also contains an updated
3 April – 3 May 2026
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 25 May 2026, the International Organisation of Securities Commissions (IOSCO) issued a final report, Supervisory Toolkit for AI use in Capital Markets.
The final report is intended to support IOSCO member authorities in their oversight of the use of artificial intelligence (AI) systems by entities subject to their regulation
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
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