Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Singapore’s MAS issued phased AI risk guidelines for financial institutions
Singapore’s MAS issued AI risk management guidelines covering all financial institutions and AI technologies, with core governance expectations taking effect from 7 October 2027 and remaining provisions from October 2028.
UK Court Quashed Five Former Barclays Traders’ Rate-Rigging Convictions on Appeal
The UK Court of Appeal quashed the convictions of five former Barclays traders after a 2025 Supreme Court ruling found legal errors had undermined the fairness of related benchmark-rate trials.
UK PRA proposed automatic GDP-linked updates to 128 regulatory thresholds
The Prudential Regulation Authority proposed indexing 128 thresholds to nominal UK GDP every five years, with the first automatic adjustment scheduled for July 2031 under its new framework.
IMF urged closer hedge fund scrutiny as assets reached $13 trillion
IMF researchers urged stronger oversight of hedge funds after gross assets reached $13 trillion and notional exposures about $40 trillion, highlighting leverage, opacity and cross-border spillover risks.
United States FinCEN withdrew proposed reporting rules for cryptocurrency mixing
FinCEN withdrew its 2023 finding and proposed reporting measure for international cryptocurrency mixing, citing concerns that its broad definition could burden financial institutions and chill legitimate activity.
Federal Reserve began five-region overhaul of United States bank supervision
The Federal Reserve began reorganising bank supervision into five regions, assigning accountable leaders while preparing broader asset-threshold reforms intended to align oversight more closely with institutions’ risks.
Rain filed for US trust bank charter to support stablecoin payments
Rain said it applied to form a national trust bank that would hold digital assets, manage stablecoin reserves and issue or redeem dollar-backed stablecoins for institutional clients.
Singapore Parliament passed new bank loss-absorbing capacity powers for MAS
Singapore’s Parliament passed legislation allowing MAS to require systemically important banks to maintain total loss-absorbing capacity, with lawmakers debating a 14% risk-weighted-assets benchmark and potential funding-cost effects.
Modern Treasury sought US trust bank charter for stablecoin custody
Modern Treasury said it applied to establish an OCC-supervised national trust bank that would offer digital-asset and fiat custody while leaving its existing payments software business separate.
South Korea examined possible AI role in widening bank data breaches
South Korea opened a 28-member police investigation after data breaches struck seven financial companies, while officials said artificial intelligence may have helped attackers exploit vulnerabilities.
US CFTC opened federal crypto-market rulemaking after Congress stalled legislation
The US commodities regulator began a federal rulemaking process for leveraged retail crypto trading, proposing a new exchange category and opening a 60-day consultation after Congress failed to pass wider legislation.
UAE and Morocco central banks signed supervisory and payments cooperation agreements
The UAE and Moroccan central banks signed two agreements covering supervisory information-sharing, Islamic finance and possible links between their instant-payment platforms, national card switches and financial-messaging systems.