Report From the Commission to the Council and the European Parliament on the Preparedness in the EU Financial Sector
On 10 March 2026 the European Commission delivered a report to the Council and European Parliament assessing the EU financial sector's preparedness for systemic shocks. The document synthesises input from the European Central Bank, European Supervisory Authorities, the European Systemic Risk Board, the Single Resolution Board, national authorities and industry representatives. It maps current resilience measures, highlights gaps in crisis‑management frameworks, and proposes coordinated actions to strengthen cross‑border stability. The report marks the most comprehensive readiness review since the pandemic‑driven reforms.
Podcast | Global Regulation Tomorrow Plus: Geopolitics 1
The Global Regulation Tomorrow Plus podcast launches a three‑part series on building regulatory and operational resilience amid rising geopolitical tensions. In the first episode, hosts Jonathan Herbst, Georgia Karamani and Simon Lovegrove focus on prudential challenges, including exposure mapping, stress...
Podcast | Global Regulation Tomorrow Plus: HM Treasury’s Consultation on Appointed Representatives
HM Treasury has launched a consultation proposing significant reforms to the UK’s Appointed Representatives (AR) regime. The changes aim to broaden the scope of activities covered, introduce a stricter gateway test, and provide a grandfathering period for existing ARs. Additional...
New Briefing Note – Preparing for the FCA’s New Safeguarding Rules: A Countdown to 7 May 2026
The Financial Conduct Authority has issued final rules and guidance under Policy Statement 25/21 that overhaul the safeguarding regime for payments and e‑money firms. The new requirements take effect on 7 May 2026, compelling firms to redesign client‑asset segregation, capital buffers, and governance...
US SEC’s Updated Enforcement Manual Enhances Transparency, Fairness
On February 24, 2026, the U.S. Securities and Exchange Commission released the first comprehensive revision to its Enforcement Manual since 2017. The update codifies policy changes the agency rolled out over the past year, mirroring similar reforms at the CFTC...
New Briefing Note: PSD3 and PSR: From Provisional Agreement to 2026 Readiness
The European Commission has reached a provisional agreement on the Payment Services Directive 3 (PSD3) and the accompanying Payment Services Regulation (PSR), setting a roadmap toward full implementation by 2026. The new rules broaden the definition of payment service providers, tighten...
SEC and CFTC Progress Toward Harmonized Crypto Regulation
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have signaled a coordinated push toward a unified regulatory framework for digital assets. Recent staff memoranda and public statements outline joint rulemaking initiatives, shared definitions, and cross‑agency enforcement...
FCA Publishes Webpage on Cryptoasset Firms Use of s.21 Approvers
On 27 February 2026 the FCA launched a dedicated webpage outlining how cryptoasset firms can use Section 21 approvers to validate financial promotions. The guidance distinguishes firms applying for FCA authorisation during the application period, those that do not apply, and...
FCA Direction on the Relevant Application Period for an Application for a Cryptoasset Permission
The FCA has issued a direction that defines the relevant application period for crypto‑asset permissions under section 55U of the Financial Services and Markets Act 2000. The window opens at 9:00 am on 30 September 2026 and closes at 11:59 pm on 28 February 2027. The direction clarifies...