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
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
We invite you to join a training session on key legal and regulatory issues for firms seeking to trade on prediction markets. The session will provide an overview of recent developments relevant to market intermediaries and end users. Topics will include Commodity Futures Trading Commission (CFTC) guidance and enforcement actions, industry comments on the CFTC’s
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
Since the outbreak of hostilities in Iran and the surrounding region on February 28, 2026, the conflict has introduced notable volatility into global energy markets. Crude oil and refined product prices have experienced sharp dislocations, natural gas benchmarks have come under pressure and physical supply chains across the region and beyond have faced material disruption.
Our latest briefing note on prediction markets and key developments in the US is now available here.
In the latest edition of our podcast series, Split the Difference, Mark Highman, Stephan Ariyan, Hannah Meakin and Simon Lovegrove compare the US and UK regulatory approaches to Prediction Markets and Events Contracts.
Listen to this episode here.
On March 5, 2026, the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, published guidance (Tokenized Securities Capital Guidance or Guidance), in the form of responses to frequently asked questions, addressing the regulatory capital treatment of tokenized securities under capital regulations
On March 12, 2026, the Commodity Futures Trading Commission took two significant actions furthering the development of a regulatory framework for prediction markets. First, the CFTC issued a staff advisory outlining current regulatory expectations for listing and trading event contracts on prediction markets. Second, the CFTC published an advance notice of proposed rulemaking, signaling the