2025–2026
MiFID III / MiFIR 2
Transaction reporting reform
Consolidate MiFID II frameworks.
2025–2026
2025–2026
Operational Resilience & DORA
Incident management & CTP oversight
Build integrated resilience strategies.
2025–2026
2025–2026
Crypto & Digital Assets
Stablecoin & custody regulation
Implement new prudential controls.
2025–2026
2025–2026
SM&CR Enhancements
Streamlined accountability
Refresh conduct frameworks.
2025–2026
2025 onward
AI & Digital Oversight
Responsible AI governance
Establish AI control frameworks.
2025 onward
2025+
Consumer Duty Evolution
Cultural embedding
Data-driven monitoring of fair outcomes.
2025+
2025–2027
FRTB
Market risk recalibration
Internal model rebuild, data lineage mapping.
2025–2027
Jan 2026
EMIR Refit
Data quality & reporting consistency
Review trade reporting infrastructure.
Jan 2026
2026 reporting cycles
Sustainable Finance & ESG
ISSB-aligned disclosures
Develop ESG data strategies.
2026 reporting cycles
2026
AIFMD Reform
Modernised fund management rules
Update governance and delegation models,
2026
Jan 2027 (phased to 2030)
BASEL 3.1
Capital adequacy, risk models, RWAs
Gap analysis, recalibration, impact assessments.
Jan 2027 (phased to 2030)
Oct 2027
T+1 Settlement
Operational efficiency
Programme mobilisation and tech upgrades.
Oct 2027