In the latest episode of our mini-series on artificial intelligence, we consider recent regulatory developments in Australia. In particular, we draw on a series of recent significant regulatory developments – including APRA’s letter to industry on AI, published on 30 April 2026, ASIC’s own work on AI governance and cyber resilience, and the Federal Court’s
Financial services: Regulation tomorrow
Tracks financial services regulatory developments and provides insight and commentary
Latest from Financial services: Regulation tomorrow
AI and the Board: Closing the Governance Gap
As AI moves from experimentation to embedded use across financial services, boards are under growing pressure to demonstrate they understand its risks and can provide effective oversight.
We support boards through an accelerated training course with two complimentary phases:
- Off-the-shelf training materials to orientate the board – a combination of written briefings, podcasts and videos
…
Global Regulation Tomorrow Plus: AI mini-series – Unpacking the FCA’s Technology Horizon Scan 2026
In this podcast episode, Simon Lovegrove is joined by Peter McBurney, a consultant and Professor of Computer Science, and Matthew Gregory, Matthew Gregory, a partner in our London financial services team, to examine the FCA’s Emerging Technology Horizon Scan 2026 — the regulator’s first external publication of its kind. The report explores how converging technologies…
FCA speech – Beyond the headlines: the unseen fight against financial crime
On 17 June 2026, the Financial Conduct Authority (FCA) published a speech delivered by Therese Chambers, joint executive director of enforcement and market oversight, regarding financial crime supervision and enforcement, which had been delivered at the International Bar Association Anti-Corruption Conference.
Key points of note from the speech include:
- Changing threat: Financial crime is becoming
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Silent AI risks finally make some noise
A decade ago, “silent cyber” forced the market to confront unintended, unpriced coverage lurking among traditional policy lines. The same dynamic is now playing out with artificial intelligence, and it is accelerating faster than policy language, underwriting questionnaires or claims protocols can adapt. The result is a growing category of “silent AI” exposure, being AI-related…
APRA’s latest System Risk Outlook
By Liz Hastilow & Tim Sutton
On 21 May 2026, the Australian Prudential Regulation Authority (APRA) issued the latest edition of its System Risk Outlook report.
The System Risk Outlook report provides an overview of risks and vulnerabilities affecting the financial system from the perspective of Australia’s financial safety regulator.
Highlights include:
- Australia’s financial system is resilient and well-positioned to support
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London Investigations Horizon Scan May 2026
Introduction
The UK investigations and enforcement landscape continues to shift.
The Crime and Policing Act 2026, which received Royal Assent on 29 April, includes a significant expansion of corporate criminal liability, extending the senior manager attribution test to all criminal offences – a development with potentially far-reaching implications for businesses.
It is a time of…
FCA publishes Cyber Co-Ordination Group insights
On 24 April 2026, the Financial Conduct Authority (FCA) published a summary of discussions held throughout 2025 with industry members of its Cyber Coordination Group (CCG) programme.
Background
The FCA set out that its CCG programme brings together up to 140 firms and that members of this group have contributed their insights that reflect what’s…
New briefing note: AI & Privilege: Part one, internal investigations – Key considerations for professional services and financial services firms
The rapid adoption of artificial intelligence (AI), particularly generative AI (GenAI), is transforming how professional services and financial services firms operate. We have published a new briefing note which is the first in a two-part series examining privilege and AI. In Part 1 we set out: (1) a recap on key privilege principles and interaction…
EU Institutions agree Roadmap to achieve “One Europe, one Market” by end of 2027
On 24 April 2026, the Presidents of the European Parliament, Council of the EU and European Commission signed a Joint Declaration committing to achieve the “One Europe, One Market” roadmap.
With the roadmap, which is a political and operational commitment, the European Parliament, the Council, and the Commission commit to achieving One Europe, One Market,…