Global Regulation Tomorrow

On 10 November 2026, the Financial Services and Markets Bill had its Second Reading in the House of Commons.

The date for the Committee Stage has not yet been announced.

On 11 November 2026, the Financial Conduct Authority (FCA) published its findings following a review of a sample of trading firms, to highlight good practices and where they could deal with incidents more effectively.

Background

The FCA assessed the cyber and operational resilience of a sample of trading

On 11 November 2026, HM Treasury published a draft of The Financial Services and Markets Act 2023 (Central Counterparties Compensation Scheme) (Independent Valuers) Regulations 2026 together with a draft explanatory memorandum. These draft Regulations sets out the obligations on HM Treasury following the resolution of a central counterparty, in

On 11 November 2026, the Financial Conduct Authority (FCA) published its latest findings from its review of firms’ 2025 to 2026 operational resilience self-assessments.

Background

The findings build on the operational resilience insights that the FCA published in March 2026 and focuses on how firms can evidence resilience

3 October 2026 – 3 November 2026

Introduction

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

On 10 November 2026, the European Commission adopted a Delegated Regulation supplementing the European Market Infrastructure Regulation (EMIR) (as amended by with regard to regulatory technical standards (RTS) specifying the requirements on margin transparency and margin simulation tool by central counterparties and margin transparency and margin

On 10 November 2026, the Prudential Regulation Authority (PRA) published its second policy statement in relation to amendments to the Large Exposures (LE) framework (PS20/26).

Background

In CP14/24, the PRA consulted on amendments to the LE framework, taking into consideration internationally agreed Basel

On 9 November 2026, the Basel Committee on Banking Supervision (Basel Committee) issued a consultation on proposed additional Pillar 2 guidance on interest rate risk in the banking book (IRRBB).

Background

In April 2016, the Basel Committee published its standard on IRRBB.  The IRRBB standard was

On 9 November 2026, the European Banking Authority issued the final methodology, draft templates and template guidance for its 2027 EU-wide stress test, together with the key milestones for the exercise. The 2027 exercise will also include, for the first time, a dedicated module assessing climate-related risks. The 2027 EU-wide

On 9 November 2026, the European Commission adopted two Delegated Regulations relating to credit rating methodologies under the Credit Rating Agency (CRA) Regulation:

• Commission Delegated Regulation (EU) amending Annex I to the CRA Regulation as regards transparency, review and validation of methodologies. Point 1 of the Annex

The Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a reminder for market parties to comply with their legal obligations under the Markets in Crypto-Assets Regulation (MiCAR) as it has noticed a lack of awareness among parties that create and offer crypto-assets

On 2 November, the Dutch Central Bank (De Nederlandsche Bank, DNB), published a report on the economic impact of AI in the Netherlands. According to DNB, AI could significantly affect economic growth and inflation, making it a matter of importance for central banks. The effects of AI

On 4 November 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) published a report on the state of the financial service providers sector. The report highlights the increasing use of artificial intelligence (AI) by financial service providers and the critical importance

On 6 November 2026, the European Banking Authority (EBA) outlined the way forward for the finalisation of proposals to simplify EU supervisory reporting, following extensive dialogue with the banking industry and feedback received during public consultation.

Background

On 10 April 2026 the EBA issued a public consultation on

On 6 November 2026, the Financial Conduct Authority (FCA) published a blog in relation to the fairness of consumer contracts and how the FCA can use its powers to tackle harm.

Background

The FCA highlights that all firms are responsible for making sure that terms in their consumer

On 5 November 2026, the Basel Committee on Banking Supervision (Basel Committee) issued a consultative document on consequential amendments to the Basel Framework to update cross-references to refer to the relevant chapters in the consolidated guidelines.

Background

In 2025, the Basel Committee initiated work to consolidate its guidelines

On 5 November 2026, the European Banking Authority (EBA) issued a final report containing revisions to its July 2021 guidelines on internal governance under the Capital Requirements Directive (CRD).

Background

The guidelines on internal governance were initially developed to address governance weaknesses identified in the aftermath

On 28 October 2026, the German Federal Ministry of Finance (“BMF”) published the ministerial Draft Act Implementing the Sixth EU Anti-Money Laundering Directive and Strengthening Money Laundering Prevention (“Draft Bill”). Although the Draft Bill has been characterised by the BMF as a 1:1 implementation, a more detailed review is warranted.

On 5 November 2026, the Financial Conduct Authority (FCA) announced a new Quantum Experimentation Group (QEG) intended to explore quantum computing applications in financial services.

Summary

The FCA explains that the QEG will aim to help firms assess where quantum computing may offer benefits over existing

On 4 November 2026, the Bank of England (BoE) published its response to the Retail Payments Infrastructure Board’s (RPIB) June 2026 consultation on the design of the UK’s Next Generation retail payments infrastructure.

Background

On 25 June 2026, the BoE published a consultation setting out its