On 7 July 2026, the European Systemic Risk Board (ESRB) issued a warning (dated 25 June 2026) on systemic cyber risks stemming from frontier artificial intelligence models (FAIMs).
Warning
The warning notes that current evidence indicates that FAIMs are capable of discovering vulnerabilities, generating working exploits and autonomously executing full-scale cyberattacks
On 4 May 2026, the Australian Securities and Investments Commission (ASIC) reminded providers of financial services involved in digital assets to decide whether they require an Australian Financial Services (AFS) licence (or variation to their existing AFS licence) by 30 June 2026. After this date, ASIC’s no-action position expires.
Key deadline
On 30 April 2026, the Australian Prudential Regulation Authority (APRA) issued a letter calling for a step-change in how banks, insurers and superannuation trustees manage AI-related risks as the technology continues to rapidly evolve. In particular, APRA warns that governance, risk management, assurance and operational resilience practices are not keeping pace with the
On 26 March 2026, the Department for Business and Trade issued a Policy Paper ‘Smart Data 2035 – The UK’s Smart Data Strategy’.
Under the Data (Use and Access) Act 2025, the government now has powers to require firms to participate in smart data schemes. The Policy Paper sets out the Government’s vision for
The Capital Market Authority (CMA) has approved amendments to the Capital Market Institutions Regulations, formally establishing the regulatory framework for robo‑advisory services in Saudi Arabia. This follows the successful pilot conducted within the CMA’s FinTech Lab and represents a shift from limited sandbox experimentation to full regulatory integration.
Robo‑advisory services may now be