Our Scans · (FS.7.02) Regulatory Bodies · Weekly Summary

• Financial Services: As a global financial hub, Singapore could benefit from any divergence between London and EU financial regulations by offering complementary services to both markets. Maxthon | Privacy Private Browser
• Belgium's financial regulator the FSMA is requiring virtual currency companies to add a short and punchy disclaimer to their advertising: 'Virtual currencies, real risks. FinExtra
• Addressing digitalization vulnerabilities is a priority area for the Council of Financial Regulators and for international policymakers, including the Basel Committee on Banking Supervision, the Financial Stability Board, and central banks globally. Reserve Bank of Australia
• In the face of geopolitical risks, international regulatory and standard-setting bodies, such as the Financial Stability Board and the Basel Committee on Banking Supervision, should continue to promote common financial regulations and standards to prevent an increase in financial fragmentation. Beroe Inc
• In 2025, expect RegTech solutions that reduce manual processes, enhance fraud detection, and ensure seamless compliance with global financial regulations. Digipay.guru
• Japan's top financial regulator is considering changes to its approach toward digital assets by 2026 following extensive meetings with other regulators and industry players. International Business Times
• Going forward, the Hong Kong government and financial regulators will reflect AI-related risks in relevant regulations and guidelines, continuously reviewing and updating them to keep pace with AI developments and international practices. King & Wood Mallesons
• In 2024, the United States and China plan to facilitate exchanges between financial regulators. CNN
• Following the growing investor interest, the FCA, which is the UK's top financial regulator, published a regulatory roadmap of plans to release comprehensive cryptocurrency regulations by 2026. CoinTelegraph
• In December, Australia's financial regulator ordered a Northern Territory clothing retailer to stop using Centrepay over concerns it was exposing vulnerable Aboriginal customers to financial risk. ABC News
• The Bank of England and UK financial regulators have introduced new rules to enhance IT resilience in financial firms, aiming to reduce risks from cyber attacks and power outages. Black Arrow Cyber Consulting
• The Vermont Department of Financial Regulation - the United States state of Vermont's financial regulatory agency - warned citizens against rising crypto investment frauds perpetrated over popular social media sites. CoinTelegraph
• The Council of Financial Regulators monitors developments in the NBFI sector and considers any associated systemic risks for the Australian financial system. Reserve Bank of Australia
• The United Kingdom's financial regulator, the Financial Conduct Authority, announced that it will consult in 2024 on proposals to make disclosure of climate transition plans mandatory for listed companies. Debevoise
• Cryptocurrencies operate on a global scale, and regulatory measures frequently necessitate international cooperation to manage possible dangers and assure compliance with financial regulations. Techstory Media
• A new publication from the UK's financial regulator signals to firms that they should take steps to manage risks in the use of AI. Latham.London
• Financial regulators like the US Security and Exchange Commission (SEC) can help, by requiring companies to disclose any risks and dependencies that are financially material. ESG Today
• The UK asset management industry - which collectively handles £11 trillion in assets - is still governed by retained EU laws which the FCA will now have powers to reform under the Future Regulatory Framework, tabled by ministers to boost powers of UK financial regulators. CityAM
• UK pension funds have criticised proposals to loosen listing requirements for the London Stock Exchange made by the financial regulator, warning they would undermine investor protections. UKTN | UK Tech News
• Governments and financial regulators globally have implemented strict anti-money laundering (AML) regulations to mitigate potential money laundering risks and combat illegal activity. CUBE global

Last updated: 24 June 2025