Global | Financial Regulation: Weekly Update

Summary

The weekly update highlights the BCBS statement on Basel III, the ESMA report on systemic risks, and the ECB roadmap for a pan-European DLT. Furthermore, it includes Mineco's proposal on securitization and regulatory consultations in the United States.

Key points

• Key points:
• FATF warns about how gaps in the oversight of offshore virtual asset service providers facilitate large-scale fraud and money laundering, presenting good practices for their supervision.
• The FSB will ask its members for action plans to improve cross-border payment systems through public-private ties, identifying priorities at the jurisdictional and regional levels.
• The ECB recommends technical adjustments to the Digital Omnibus proposal to safeguard prudential standards, ensure consistent operational resilience, and secure proper third-party oversight.
• The CFTC seeks views for 45 days on event contracts in prediction markets, while the Treasury consults on the financial literacy strategy with a deadline of April 6, 2026.
• The SEC and CFTC signed a memorandum of understanding to align the oversight of derivatives and crypto assets, reducing duplication and supporting the US digital asset market.

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