The European Banking Authority has urged targeted changes to MiCA, led by stronger rules for third-country multi-issuer stablecoins and clearer crypto-asset classifications. It also recommends regulating crypto lending, including facilitated access to decentralised finance protocols, and improving issuer and service provider reporting. Existing stablecoin requirements are broadly appropriate, although reserve deposit rules should be reviewed without weakening liquidity safeguards.

European Central Bank research finds that interlinking countries’ fast payment systems is associated with about 4% more bilateral trade. Gains are greatest for smaller and underserved economies, high-cost payment corridors, and systems that support wholesale transactions.

An Australian Securities and Investments Commission investigation has led to eight charges against Emre Tahsin Basar over alleged unauthorized share sales that generated about AUD 498,500. The funds were allegedly transferred to a company he controls, and the case is listed for committal mention on Dec. 17, 2026.

Bank Indonesia and the Hong Kong Monetary Authority agreed to explore interoperable cross-border QR code payments and coordinate on the related technical, operational and regulatory issues.

The Hong Kong Monetary Authority and Bank Indonesia signed an MoU to explore interoperability between their QR code payment systems and coordinate on the related technical, operational and regulatory issues.

The Securities and Exchange Board of India approved new portfolio management and settlement regimes, expanding permissible investments, simplifying compliance and creating faster and wider settlement routes. It also broadened foreign investor access to commodity derivatives, enabled depository receipts on REIT and InvIT units and simplified accredited investor status through manager-led accreditation and new eligibility routes. Additional measures cover advertising, debt listings, bullion vaults, alternative investment funds and research analysts.

The Australian Securities & Investments Commission has finalized stronger, technology neutral controls for automated and AI enabled trading, with amended Market Integrity Rules taking effect in 2028 after an 18-month transition. The reforms strengthen algorithm testing, monitoring and governance while harmonizing requirements across securities and futures markets. ASIC is also consulting on consolidated guidance that would reduce relevant material for securities participants by almost 60%.

The Australian Prudential Regulation Authority has reviewed progress in simplifying prudential requirements without lowering safety standards. Eight of nine initiatives from its 2025-26 Corporate Plan are expected to be finalized by the end of 2026, alongside further capital, reporting and policy reforms. APRA aims to offset the burden of new requirements through additional simplification in 2026-27.

The Bermuda Monetary Authority has implemented agreed upon procedures for general business insurers with segregated or separate accounts. Approved auditors must conduct annual cell-level reconciliation and segregation checks, alongside specified reviews on a rolling five-year cycle, and file a separate factual findings report with the annual Statutory Financial Return.

France's Financial Markets Authority found that third party providers caused 87% of the 31 major DORA incidents confirmed for portfolio management companies in 2025, while cyberattacks accounted for 71%. The incidents disrupted critical investment management, trading, data and compliance functions across firms of all sizes. Reporting arrangements also remain incomplete, with 23% of portfolio managers lacking a DORA-compliant major incident reporting system in a November 2025 self-assessment.

A departing U.S. Securities and Exchange Commission commissioner urged regulators to shift Know Your Customer compliance from broad personal data collection toward attribute based verification and zero knowledge proofs. The commissioner also advocated wider reliance on third party identity checks and regulatory approaches suited to permissionless networks, while reiterating that the SEC’s Innovation Exemption for tokenized securities is a temporary bridge to permanent rules.

The U.S. Securities and Exchange Commission charged CMI Capital and founder Michael D. Williams over an alleged scheme that raised about USD 860,000 from at least 18 investors using fabricated performance claims. Williams allegedly misappropriated about USD 384,000, while trading generated losses of at least USD 428,000. The defendants agreed to proposed injunctions and other relief, subject to court approval, with financial penalties to be determined.