Hong Kong’s Securities and Futures Commission has reached a landmark agreement with PricewaterhouseCoopers Hong Kong that will see the audit firm set aside approximately $128 million (HK$1 billion) to compensate certain shareholders of China Evergrande Group, marking a rare instance of auditors contributing directly to investor restitution.
Norway’s financial regulator, Finanstilsynet, has set out a broad and pointed supervisory agenda for 2026, signaling a year defined by heightened attention to resilience, financial crime, and the stability of an increasingly complex financial system.
The European Commission is refining one of the most technically demanding pieces of post-crisis banking reform, launching a public consultation on how European banks should calculate market risk under the Fundamental Review of the Trading Book, or FRTB.
U.S. banking regulators have taken a fresh pass at one of the industry’s most foundational risk disciplines, issuing updated guidance on how banks should manage the growing web of models underpinning modern finance.
For decades, anti-money laundering compliance has been defined by accumulation. More alerts, more filings, more controls, more documentation. Each layer added with the quiet understanding that no one would be faulted for doing too much, only for doing too little. The result was not failure, exactly, but a kind of defensive equilibrium. Programs became expansive, but not necessarily incisive. Activity was measurable. Effectiveness was not.
Europe’s new Anti-Money Laundering Authority launched two public consultations that go to the heart of that effort, setting out draft expectations for business-wide risk assessments and group-wide AML and counter-terrorist financing frameworks. The proposals arrive as part of a broader push to bring consistency to a system that has long varied across sectors and jurisdictions.
The Central Bank of the United Arab Emirates has rolled out a big update to its anti-financial crime framework, issuing new guidance aimed at strengthening how financial institutions detect and respond to money laundering, terrorist financing, and proliferation financing risks.