Our Scans · (FS.7.00) Banking Regulation · Weekly Summary

• [New] As a bonus, the European Banking Authority could open a review of the systemic risks that US stablecoins pose. European Council on Foreign Relations
• [New] Debt collection services in the United Kingdom are set to grow at 2.6% CAGR through 2036 as credit brokers and debt advisers face tighter information submission under FCA rules. FactMr
• [New] HSBC received a stablecoin issuer license from the Hong Kong Monetary Authority and plans to launch a Hong Kong dollar-denominated stablecoin in the second half of 2026. Acceleron Bank
• [New] The Financial Conduct Authority has warned 17-25 year olds on ghost broking scams as research finds half of young drivers have bought insurance through social media or messaging apps. Insurance Age
• [New] ESMA, the European Securities and Markets Authority, emphasized that mitigation of cyber risks and assurance of digital resilience remain focus topics of supervisory efforts in 2026. Financial Regulatory News Blog Germany
• [New] Persons that carry on cryptoasset regulated activities in the UK will require authorization from the FCA unless an exclusion is available. JD Supra
• [New] Financial firms have made progress in preventing sanctions breaches - with £37bn worth of assets frozen in the UK as of last year - but gaps remain, warns the FCA. FCA
• [New] The SEC emphasized that going forward it will prioritize fraud in its many forms rather than pursuing registration-based actions against crypto firms. JD Supra
• The FCA has explicitly confirmed that the new CCI regime will apply to overseas firms that wish to promote products to UK consumers. JD Supra
• The SEC has long held the view that holding larger companies to a higher disclosure standard will better protect investors without unfairly burdening smaller issuers, and has looked to public float in determining filer status. JD Supra
• Investment firms could save around £20m a year under new proposals from the FCA to simplify climate reporting for investment products. FCA
• The SEC has identified AI-washing as a clear target: using AI buzzwords to make a business sound more advanced or lower-risk than it is. JD Supra
• The CLARITY Act has sparked a lot of debate, including concerns that it could shield bad actors, strip the SEC of authority, or pressure banks into adopting blockchain-based technologies. The Digital Chamber
• Expect AI bill of materials - every AI system in production, who deployed it, what data it touches, who can shut it off - to show up in SEC filings and regulatory examinations within 18 months. Cyberbase AI
• The FCA is warning 17 - to 25-year-old drivers about 'ghost broking' scams where criminals sell bogus insurance policies through social media and messaging platforms. FCA
• In the UK, the Financial Conduct Authority is consulting on its own crypto-asset supervision regime, which is expected to go live in 2027. OMFIF
• Instant payment rails are compressing fraud detection windows to seconds; the European Banking Authority has warned that fraud risk in instant payment environments is ten times higher than in traditional transfer channels. Alessa
• While no overarching UK AI Act is expected, sector-specific guidance is emerging from regulators, including the SRA, Financial Conduct Authority, and ICO. Legal Futures

Last updated: 23 June 2026