DFSA introduces temporary regulatory relief measures to support new firms seeking DFSA authorisation and existing regulated firms in Dubai International Financial Centre Measures will provide flexibility for firms to continue to meet our high regulatory standards during this exceptional operating environment and over the period ahead, enabling them to continue to serve their clients and markets The Dubai Financial Services Authority (DFSA), the independent regulator of banking, wealth & asset management, capital markets, and insurance in Dubai International Financial Centre (DIFC), today announced a package of temporary and proportionate regulatory relief measures to support the DIFC financial services community during the current exceptional operating environment and over the period ahead. The measures are intended to assist regulated firms in continuing to support clients and markets, during the current circumstances, pending their conclusion. Mark Steward, Chief Executive of the DFSA, said: “DIFC firms have demonstrated great resilience and financial strength during this exceptional period. The DFSA wishes to provide assistance to firms, on request, as a bridge to the resumption of normal trading and has developed a framework to provide temporary regulatory flexibility across a range of areas for those seeking DFSA authorisation and for existing authorised firms. These measures will ease operational challenges while ensuring our high regulatory standards continue to be met. We will continue to review the situation, as it unfolds, and will provide additional measures to assist firms, if needed, including assistance in returning to normal trading conditions.” Headline Areas of Relief The DFSA’s relief initiatives include targeted, temporary flexibility across a number of areas, including: Authorisation, licensing, and administrative requirements, including flexibility where appropriate in application and supervisory timelines Governance and staffing arrangements, reflecting evolving staff location dynamics and the continued integration of remote working practices Regulatory reporting and supervisory processes, including extended timelines, to allow firms additional capacity to manage operational challenges and prioritise critical activities Implementation timelines for selected regulatory initiatives, where postponement would not undermine regulatory outcomes These measures are intended to be risk‑based, proportionate, and time‑limited, and will be applied in a manner that reflects the nature, scale, and complexity of individual firms. Regulatory Standards Remain Unchanged The DFSA emphasises that regulatory standards and supervisory expectations remain unchanged. Any relief provided will be temporary, subject to appropriate governance and oversight, and designed to support compliance and resilience rather than dilute regulatory requirements. The DFSA will continue to closely monitor financial and operational conditions, maintain active supervisory engagement, and take action where necessary to safeguard the integrity and reputation of the DIFC’s financial services framework. The DFSA is committed to working constructively with the DIFC financial community, other UAE authorities, and international partners to ensure the continued strength, resilience, and global standing of the DIFC – as the leading international financial centre in the Middle East, Asia and South Asia (MEASA) region.

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for March 2026, as well as quarterly volumes, estimated revenue capture, number of listings, and index statistics for the quarter ended March 31, 2026, on its Investor Relations website. A data sheet showing this information can be found at: https://ir.nasdaq.com/financials/volume-statistics.

The Federal Reserve on Wednesday released the minutes of the Federal Open Market Committee meeting that was held on March 17–18, 2026. The minutes for each regularly scheduled meeting of the Committee are generally published three weeks after the day of the policy decision. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting. The minutes can be viewed on the Board’s website. Minutes of the Federal Open Market CommitteeMarch 17–18, 2026: HTML | PDF

BondXN Inc., a leading electronic trading and data venue for mortgage-backed securities (MBS), today announced a multi-year partnership with BlackRock Aladdin®. Through this integration, common clients of BondXN and BlackRock Aladdin will be able to directly access BondXN’s Specified Pool and TBA trading capabilities from the Aladdin platform, BlackRock’s technology that unifies the investment management process. Common clients will benefit from seamless connectivity to BondXN’s BWIC workflows, dealer inventories, and advanced screening tools, enabling streamlined execution across multiple e-trading protocols. “By combining BondXN’s market-leading technology with the Aladdin platform’s institutional reach, we are creating new standards for transparency and efficiency in MBS trading that has long been limited by fragmented workflows and legacy platforms,” said Nic Tandon, Chief Product Officer at BondXN. “This partnership allows common clients to access deeper liquidity, simplify complex workflows, and accelerate trade execution.” Orders submitted through the Aladdin platform will flow directly into BondXN, allowing users to source liquidity, engage multiple dealers, and process trades straight-through back into the Aladdin platform - reducing operational friction and manual steps. Beyond its integration with the Aladdin platform, BondXN is transforming workflows across the MBS ecosystem. For originators, the platform has digitized the previously spreadsheet driven BWIC process by connecting sellers to all their counterparties, significantly lowering execution times and error rates. BondXN’s unique technology allows dealers to organize all BWIC and offer activity into a single electronic workflow to improve client connectivity, speed and reduce trade booking violations.

ISDA has announced that Natixis CIB has adopted ISDA’s Digital Regulatory Reporting (DRR) solution, enabling the bank to meet regulatory reporting requirements more efficiently and accurately. The ISDA DRR uses the Common Domain Model (CDM) – an open-source data standard for financial products, trades and lifecycle events – to convert a golden-source interpretation of regulatory reporting rules into machine‑executable code, increasing the accuracy and consistency of data reported to regulators and reducing the time, resources and costs associated with compliance. Natixis CIB’s adoption follows the recent announcement that LSEG has integrated the ISDA DRR into its TradeAgent post-trade processing platform. “The adoption of the ISDA DRR by Natixis CIB highlights the increasing demand for a scalable, automated and industry‑standard approach to regulatory reporting compliance. By leveraging the ISDA DRR and CDM, firms can reduce operational complexity, enhance data quality and respond more effectively to evolving regulatory requirements,” said Scott O’Malia, ISDA’s Chief Executive. “The adoption of the CDM and DRR into production at Natixis CIB marks a critical step towards transaction regulatory reporting data and function rationalization. This initial milestone validates Natixis CIB’s commitment to further modernize its regulatory reporting solution across multiple market segments and reporting jurisdictions. CDM/DRR adoption is paving the way for greater efficiency and agility in meeting evolving regulatory demands, delivering positive value to both Natixis CIB and its customers,” said Nicolas Fenaert, Natixis CIB’s Global Head of IT & Operations. The ISDA DRR has so far been applied to eight sets of reporting rules around the world and ISDA is committed to supporting 14 core regulatory reporting regimes across nine jurisdictions. For more information on the ISDA DRR and the CDM, visit the ISDA Solutions InfoHub.

The Securities and Exchange Commission today announced that David Woodcock has been appointed Director of the Division of Enforcement, effective May 4, 2026. Mr. Woodcock is currently a partner in the Dallas and Washington, D.C. offices of Gibson, Dunn & Crutcher LLP, where he serves as chair of the firm’s Securities Enforcement Practice Group. Sam Waldon will continue to serve as Acting Director of the Enforcement Division until May 4. “The Division of Enforcement has undergone a significant course correction, restoring Congressional intent by prioritizing cases that provide meaningful investor protection and strengthen market integrity,” said SEC Chairman Paul S. Atkins. “I thank Sam for his steadfast commitment to serve in key senior roles at the SEC and am grateful for his wise counsel and leadership.” Chairman Atkins continued, “I am incredibly pleased to have David rejoin the SEC at this critical time, as we continue to focus on the types of misconduct that inflict the greatest harm to investors. With experience as a senior officer at the SEC, global law firm partner, a certified public accountant, and senior in-house corporate attorney, David is a foremost expert in all relevant facets of securities law and has deep institutional knowledge. I look forward to him leading our 1,000+ team of talented enforcement investigators, trial attorneys, accountants, and other professionals.”  “I am honored to join the exceptionally talented team in the Enforcement Division and look forward to advancing our vital mission of investor protection,” said Mr. Woodcock. “My commitment is to lead the division with the highest level of professionalism and rigor as we execute the Chairman’s vision and ensure the integrity of our financial markets.” Mr. Woodcock is a widely recognized securities and governance attorney who returns to the Commission after serving as Director of the Fort Worth Regional Office from 2011 to 2015. During his prior SEC tenure, Mr. Woodcock led Enforcement and Examinations Division lawyers, accountants, and examiners, oversaw investigations in nearly every major area of the SEC’s enforcement program, served as a member of the Enforcement Advisory Committee, and created and served as Chair of the SEC’s cross-office and cross-division Financial Reporting and Audit Task Force, which was designed to enhance the SEC’s detection and prosecution of violations involving accounting and false financial statements. Most recently, Mr. Woodcock’s practice at Gibson, Dunn & Crutcher focused on regulatory enforcement, internal investigations, and corporate governance. Previously, he served as a senior in-house corporate attorney at Exxon Mobil Corporation. Mr. Woodcock is also an Adjunct Professor of Law at Texas A&M University School of Law, where he has taught for more than a decade on securities, ethics, and compliance. Mr. Woodcock earned his bachelor’s degree in accounting from Louisiana State University, and his JD from the University of Texas School of Law.

The Ontario Securities Commission (OSC) is inviting applications from senior leaders to join its new Capital Markets Advisory Committee (CMAC). CMAC will be a senior‑level, industry‑wide forum established on a pilot basis to provide strategic insight and perspectives on trends and developments affecting Ontario’s capital markets, while serving as an integrated forum for advisory input previously provided through multiple committees. CMAC will play an important role in supporting the OSC’s Strategic Plan by providing expert insight on regulatory operations, emerging market trends, and innovation opportunities. The committee will:   Provide expert input on proposed rules, guidance, and regulatory initiatives to promote effective and proportionate regulation.  Advise on strategic priorities to ensure alignment with market realities and supporting strong investor outcomes.  Share insights on global and domestic trends, risks, and opportunities for innovation to inform policy and strategy.  “The Capital Markets Advisory Committee will strengthen the links between the OSC and leading experts by connecting our regulatory functions, and providing insights and advice to help support the important work the OSC delivers on behalf of Ontario’s market participants and investors,” said Grant Vingoe, Chief Executive Officer, OSC. “As global capital markets evolve in response to the external environment, we look forward to working with industry leaders to position Ontario as a destination for innovation, competitiveness, and strong investor protection.” Application Process The OSC welcomes applications from senior leaders across Ontario’s capital markets, including marketplace representatives and dealers, reporting issuers, institutional investors, technology innovators, academics and other market participants.  Diversification of membership on CMAC will be a priority to promote representation from a wide range of market segments, business models, and perspectives. Interested parties should submit their resume indicating their areas of practice and relevant experience by April 30, 2026. Additional information about CMAC, including its mandate and details on the selection process can be found in the terms of reference . Applicants will be informed accordingly by late May, and the composition of the new Advisory Committee will be made public on the OSC’s website.   Applications should be submitted by email to cmac@osc.ca. The OSC is committed to diversity, and it is our priority to provide an inclusive workplace, including on our advisory committees, where all individuals feel safe, valued, respected, and empowered. We are committed to ensuring an inclusive, barrier-free, accessible recruitment process so that all individuals with disabilities, who are interested in pursuing and who apply for employment with the OSC, are made aware of the accommodation measures available to them throughout the recruitment and hiring process. If you require an accommodation, please contact Paloma Ellard and we will work with you to meet your needs. For further information, please refer to accessibility at the OSC. The OSC is a proud partner with the following organizations: BlackNorth Initiative , Canadian Centre for Diversity and Inclusion  and Pride at Work Canada, and is committed to our Accessibility and Reconciliation Action Plans. Background: The Market Structure Advisory Committee (MSAC) and Investment Funds Technical Advisory Committee (IFTAC) will be put on pause during the pilot committee. The Continuous Disclosure Advisory Committee (CDAC) and Small Business Advisory Committee (SBAC) terms have ended and will not be reconstituted. The following committees are continuing: Securities Advisory Committee (SAC) Registrant Advisory Committee (RAC) The pilot will run for 12 months with the inaugural meeting taking place in June 2026.

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) issued a joint proposed rule to implement provisions of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act).  The proposed rule, which implements the GENIUS Act’s anti-money laundering and sanctions compliance program requirements, encourages innovation in payment stablecoins while providing an appropriately tailored regime to mitigate potential illicit finance risks. “President Trump is strengthening American leadership in digital financial technology,” said Secretary of the Treasury Scott Bessent.  “This proposal will protect the U.S. financial system from national security threats without hindering American companies’ ability to forge ahead in the payment stablecoin ecosystem.” The GENIUS Act provides a framework for the federal regulation of payment stablecoins. The law directs Treasury to issue regulations that would treat permitted payment stablecoin issuers (PPSIs) as financial institutions for purposes of the Bank Secrecy Act (BSA) and impose anti-money laundering obligations on PPSIs.  The GENIUS Act also mandates that PPSIs maintain an effective sanctions compliance program and directs Treasury to issue appropriate regulations implementing such obligations. The proposed rule would subject PPSIs to requirements applicable to financial institutions relating to prevention of money laundering and impose obligations specified in the GENIUS Act. Consistent with FinCEN’s efforts to modernize BSA requirements, the proposed obligations are designed to be fit for purpose, assist law enforcement, and minimize unnecessary burden. The proposed rule would require PPSIs to adopt and maintain an effective sanctions compliance program as required by the GENIUS Act. Read more about the proposed rule here. FinCEN and OFAC welcome public comments on the proposal, which will be published in the Federal Register in the coming days. Resources Notice of Proposed Rulemaking Fact Sheet Report to Congress from the Secretary of the Treasury on Innovative Technologies to Counter Illicit Finance Involving Digital Assets

The Federal Reserve Board on Wednesday invited public comment on a proposal that would allow U.S. banks and credit unions to use intermediaries to transfer funds through the FedNow Service. This additional flexibility would support new private sector use cases for the FedNow Service. For example, it would allow U.S. banks to use FedNow to transact with correspondent banks to facilitate the international portion of a cross-border payment. Currently, a transfer of funds sent through the FedNow Service can include only two U.S. banks. Comments are due within 60 days after publication in the Federal Register. Federal Register notice: Collection of Checks and Other Items by Federal Reserve Banks and Funds Transfers Through the Fedwire Funds Service and the FedNow Service (PDF)

Overall volumes in listed derivatives saw a 30 percent increase in March 2026. OTC Clearing saw strong growth, with notional outstanding volumes rising by 37 percent. Eurex Repo reported a solid growth of 66 percent in March, driven by an 85 percent increase in the GC Pooling segment. Eurex – Europe’s leading derivatives exchange and, together with Eurex Clearing, one of the world’s leading central counterparties – reported record trading volumes, with derivative contracts rising by 30 percent to 322.1 million in March 2026. Heightened volatility also supported increased hedging activity. Index derivatives saw a 19 percent gain, climbing from 89 million in March 2025 to 106.2 million in March 2026. The strongest growth was in interest rate derivatives, which surged by 47 percent, from 117.6 million in March 2025 to 172.7 million in March 2026, while equity derivatives increased by 8 percent, rising from 39.5 million to 42.6 million over the same period. OTC Clearing recorded strong growth in March 2026, with notional outstanding volumes rising 37 percent year on year to EUR 53,320 billion, up from EUR 38,849 billion in March 2025. The main growth driver was Overnight Index Swaps, which surged by 84 percent to EUR 8,900 billion compared with EUR 4,839 billion in the previous year. Eurex Repo, Eurex’s leading electronic market for secured funding and financing, delivered another very strong performance in March. Average term‑adjusted volumes increased by 66 percent year‑on‑year compared with March 2025, reaching EUR 530 billion. Growth was driven by strong activity in term Special Repo, benefiting from elevated term trading in EUR government bonds during January and February. At the same time, the GC Pooling segment recorded consistently solid term business across the curve.   Business overview – March 2026  March 2026  March2025  Change  Financial derivatives: traded contracts Eurex Exchange  Index derivatives (million)  106.2 89.0 +19% Interest rate derivatives (million)  172.7 117.6 +47% Equity derivatives (million)  42.6 39.5 +8% Total (million)1 322.1 248.2 +30% OTC Clearing² Notional outstanding volumes (billion EUR)  53,320 38,849 +37% of which interest rate swaps (billion EUR)  22,540 16,914 +33% of which overnight index swaps (billion EUR)  8,900 4,839 +84% Average daily cleared volumes (billion EUR)  372 312 +19% of which interest rate swaps (billion EUR)  88 52 +69% of which overnight index swaps (billion EUR)  113 42 +167% Compression volumes (billion EUR)  213 197 +8% Repo: Average daily term adjusted volume on Eurex Repo  GC Pooling³ (billion EUR)  276.9 149.4 +85% Repo Market (billion EUR)  253.5 171.1 +48% Total (billion EUR)  530.4 320.5 +66% 1 The total number of contracts traded includes other asset classes such as commodities.2 Notional cleared volumes including post trading events such as compression.3 Includes all currencies.  

Euronext, the leading European capital market infrastructure, today announced trading volumes for March 2026. Monthly and historical volume tables are available at this address: euronext.com/investor-relations#monthly-volumes

EEX Group reports its March monthly volumes with record volume levels across several markets. In March, traded volumes on the EEX Group's Global Power markets rose by 59% Year-on-Year, reaching a new monthly record at 1,761.9 TWh. The European Power Spot markets reached a new monthly record at 91.9 TWh. The markets, operated by EPEX SPOT, showed increases both on the Day-Ahead (+16%) and the Intraday markets (+20%), with new records registered in several Intraday markets. The volume on the European Power Derivatives market significantly increased by 67%, reaching 1,373.2 TWh in total. March 2026 marked the highest monthly volume ever, with strong growth rates across all futures markets. Most notable are new EEX monthly records in German (962.1 TWh, +72%), Italian (108.4 TWh, +63%) and Spanish (35,8 TWh, +97%) as well as Belgian Power Futures (5.9 TWh, +199%). The EEX German Power Open Interest (OI) share continued at around 91% in the course of March.* The Nordic Power Futures showed the highest growth rate during the month (+759%) with 6.3 TWh traded which is a new monthly record. On the Nordic markets, the EEX System Price OI share has further increased (+131% YoY), in addition to significant annual growth across the Finnish, Swedish (SE2, SE3) and Danish (DK1, DK2) zones, several of which also hit all-time highs on EEX markets. The Japanese Power Futures market continued its growth trend, with another monthly record at 43.9 TWh, nearly tripling the volume YoY Trading on the EEX Group Natural Gas markets reported a strong growth of 55% year-on-year, resulting in a total volume of 1,067.0 TWh. While the European Gas Spot markets rose by 13% YoY to 315.5 TWh, trading in the European Gas Derivatives markets nearly doubled the volumes from March 2025 (+95%), reaching a total of 730.9 TWh. On the spot markets, growth was supported by the German THE (+31%), the French PEG (+11%) and the British NBP (+42%). In the derivatives markets, EEX recorded new monthly records in the Dutch TTF market (453.5 TWh, + 76%), the German THE (164.1 TWh, +173%) and the Italian PSV (17.8 TWh, +295%). In addition to these records, EEX saw high growth rates across the board on all gas derivatives markets. The European Environmental markets increased by 129% year-on-year to 164.6 million tonnes of CO2. This development was largely driven by the secondary market, where trading increased by 520% YoY. On this market, trading in Emission Futures sharply increased by 558% to 115.7 million tonnes of CO2, while spot trading increased by 99% year-on-year. The volume in EEX Group’s Guarantees of Origin (GO) markets grew by 166% YoY. This was mainly driven by a strong performance of the EEX GO Futures, which posted a new monthly record at 13.2 TWh, with an extraordinary growth rate of 529% as against March 2025. Also, the EEX Group Freight markets followed the overall trend, with an annual increase of 11%, reaching 149,481 lots.  Please find the full volume report in English and German below. EEX Group builds secure, successful and sustainable commodity markets worldwide – together with its customers. The group offers trading in power, natural gas, environmental products, freight and agriculturals as well as subsequent clearing and registry services, connecting a network of more than 1,000 trading participants. EEX Group consists of European Energy Exchange (EEX), EPEX SPOT, Power Exchange Central Europe (PXE), GET Baltic and Nodal Exchange as well as the software companies KB Tech and Lacima. Clearing is provided by EEX Group’s clearing houses European Commodity Clearing (ECC) and Nodal Clear. EEX Group is part of Deutsche Börse Group.  Related Files EEX Group Monthly Volumes – March 2026 pdf (156 KB) EEX Press Release - EEX Group Monthly Volumes – March 2026 (English | German)

Wedbush Fund Advisers, LLC has launched the Dan IVES Wedbush AI Power & Infrastructure ETF, which tracks the Solactive Wedbush AI Power & Infrastructure Index. The ETF is designed to provide investors with targeted exposure to companies positioned to benefit from the growing need for electricity generation, grid expansion, and energy-efficient technologies supporting the buildout of AI and digital infrastructure. This launch builds on the thematic vision and research of acclaimed technology analyst Dan Ives, whose perspective on the next phase of AI adoption played a central role in shaping the index’s design and focus. The rapid expansion of AI adoption is reshaping the physical infrastructure required to support the digital economy. As additional AI-focused data centers come online, demand is increasing for reliable electricity generation, transmission capacity, grid modernization, and technologies that improve energy efficiency across increasingly power-intensive systems. The Solactive Wedbush AI Power & Infrastructure Index is constructed using the research of technology analyst Dan Ives. ARTIS®, Solactive’s proprietary natural language processing technology, is used to establish a broad starting universe of companies relevant to AI infrastructure and electrification. From there, defined market capitalization and trading volume thresholds are applied, and companies must be included in the Wedbush Industry Note on Disruptive Technology titled, Physical Foundation of the AI Revolution: Energy a Key Beneficiary of Buildout (the “Wedbush Research Note”), to be eligible for selection. The index applies a modified market capitalization weighting approach, seeking to provide diversified and meaningful exposure across the AI power and infrastructure value chain. It is rebalanced quarterly, with additional updates possible following the publication of changes to the Wedbush Research Note. The ETF listed on 8th April 2026 on NYSE Arca under the ticker symbol IVEP. Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “After the successful launch of the Dan IVES Wedbush AI Revolution ETF last year, we are pleased to extend our collaboration with Wedbush Fund Advisers to the infrastructure side of the AI buildout. This is a prime example of how differentiated research can be combined with tailored index engineering to create targeted market access to one of the most important enablers of AI adoption.” “As AI adoption accelerates, energy and infrastructure are emerging as key drivers,” said Matt Bromberg, Chief Operating Officer of Wedbush Fund Advisers. “AI implementation and adoption ultimately require energy, and the scale of demand is creating meaningful opportunities for the companies enabling that buildout. We designed IVEP to provide investors access to this physical backbone of AI.”

The 12th official meeting of the U.S.-UK Financial Regulatory Working Group (Working Group) was hosted by the U.S. Department of the Treasury in Washington, DC on February 25, 2026. Senior officials from the U.S. Treasury and His Majesty’s (HM) Treasury were joined by representatives from the Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Securities and Exchange Commission, Bank of England, and Financial Conduct Authority. Participation varied across themes, with participants expressing views on issues in their organizations’ respective areas of responsibility. The Working Group emphasized close, ongoing U.S. and UK cooperation and focused on several key themes, including: 1) the economic and financial stability outlook, 2) the Transatlantic Taskforce for Markets of the Future (TTMF), 3) digital finance and innovation, and 4) regulatory modernization and developments. The meeting opened with a broad discussion of the U.S. and UK economic and financial stability outlooks, with participants taking stock of current economic trends and market conditions. Both U.S. Treasury and HM Treasury emphasized facilitating economic growth and cross-border activity, while also modernizing regulation and protecting financial stability. Participants received a progress report on the work of the TTMF, including a readout of a joint industry roundtable hosted in Washington, DC the prior day.  During this TTMF engagement, U.S. Treasury hosted representatives from HM Treasury, and U.S. and UK regulatory agencies, for a second round of industry engagement exploring opportunities to improve links between our capital markets and to collaborate on digital assets.  The TTMF aims to report back to both Treasuries with recommendations via the Working Group in summer 2026. Participants discussed issues related to digital finance and innovation, noting broad support for promoting the use and growth of digital assets and digital financial innovation globally. Authorities discussed their respective priorities for digital assets and provided updates on the progress of regulation in both jurisdictions, including to support the adoption of stablecoins for payments. UK participants also provided an update about their Digital Securities Sandbox, and the Working Group discussed potential opportunities to support cross-border innovation. Participants emphasized the importance of continued bilateral engagement on digital assets developments in their respective jurisdictions. Participants also shared recent developments in their respective work on payments modernization.  Representatives exchanged views on their respective approaches to artificial intelligence (AI) and both current and future uses of AI in financial services. U.S. and UK authorities discussed ways to work together, to realize the potential of this technology and mitigate the potential risks of AI in financial services. The Working Group discussed approaches to cybersecurity and operational resilience for supervised institutions and their use of critical third parties, including opportunities for authorities’ further engagement. Participants continued discussions about the importance of working with industry to improve the resilience of the financial sector. The Working Group continued with a discussion of developments in non-bank financial intermediation (NBFI), with participants providing updates on their respective domestic agendas and support for continued international engagement on this topic. Participants also offered an overview of developments in their domestic banking systems and banking regulation. Participants conferred on the investment environment, including capital markets regulation. HM Treasury set out the UK government’s program of reforms to reinvigorate capital markets, including its commitment to move to a T+1 settlement cycle in October 2027.  The Working Group plans to formally reconvene in summer 2026 to continue its ongoing biannual dialogue, first established in 2018 to deepen bilateral regulatory cooperation between the UK and the U.S. and to enhance robust economic growth; financial stability; investor protection; fair, orderly, and efficient markets; and capital formation across both jurisdictions. 

Haruko, a leading provider of institutional digital asset technology, is proud to announce its integration with STS Digital one of the world’s leading principal derivatives trading firms. This strategic collaboration enhances Haruko’s ability to deliver secure, scalable, and comprehensive portfolio risk management workflows tailored for institutional investors.   Through this integration, STS Digital users will access real-time insights into trading activity, positions, and market exposure. Haruko consolidates data across STS Digital and other venues, providing a unified view of digital asset portfolios alongside advanced pricing, risk analytics, and performance reporting.   “Our collaboration with STS Digital is another step toward building a more connected, transparent and efficient institutional digital asset ecosystem,” said Shamyl Malik, CEO of Haruko. “By integrating with STS Digital, we’re empowering institutional risk managers with the precision and clarity they need to navigate complex markets. This collaboration allows our clients to gain a unified view of their exposures, driving better decision-making and robust operational control. Together, we are setting a new standard for confidence in digital asset management.”    STS Digital is the leading regulated principal trading firm for digital asset derivatives, offering institutional clients vanilla and exotic options, spot, and structured products across more than 400 tokens via UI, API, and voice. The integration with Haruko follows the recent launch of its structured products platform and a $30 million strategic round led by CMT Digital, reinforcing the firm's position at the centre of institutional options infrastructure.    “Through this integration, Haruko clients who trade options on STS Digital's platform can now view those positions on an aggregated basis alongside all their other venues in a single risk dashboard," said Maxime Seiler, CEO and Co-Founder, STS Digital. “With access to vanilla and exotic options, along with full visibility of trade history, exposures, and P&L through Haruko, institutions can engage with digital asset options markets more seamlessly than ever.”   As institutional participation in digital assets accelerates, the need for transparency and operational clarity continues to grow. The collaboration between Haruko and STS Digital reflects a broader shift toward integrated infrastructure, where trading and risk management operate seamlessly together.  

Exegy, a leading provider of market data, trading technology, and managed services for the capital markets, today announced a significant performance enhancement to nxAccess, its FPGA-based trading engine. The update introduces the Session Override feature and expanded connectivity options, delivering an impressive 71% reduction in execution-stack latency to help firms capture every market opportunity. As electronic trading infrastructure grows increasingly complex, the ability to choose the optimal path to local and remote venues is a significant driver of execution performance. The latest evolution of nxAccess addresses this by giving firms the agility to bypass traditional hardware constraints and pivot to the fastest available session or network link at the moment of execution. “In today's fragmented markets, the fastest route at market open isn't necessarily the fastest at midday. Relying on static configurations creates 'latency leakage' that firms can no longer afford. nxAccess bridges this gap by turning connectivity into a dynamic asset rather than a hardware bottleneck," said Olivier Cousin, Director of Product, FPGA Solutions at Exegy. “This reduction allows firms to maintain deterministic performance even during high-burst volatility, ensuring orders are filled at intended prices." The centerpiece of this release is Session Override, a built-in capability of nxAccess that allows firms to monitor session performance in real-time. Because local exchange latency can fluctuate throughout the day, Session Override enables an algorithm to select the best-performing session the instant a trigger occurs. Key benefits and enhancements of the new nxAccess release include: ‌Dramatic Latency Improvement: Achieves up to a 71% reduction in execution-stack latency, measured from Start-Of-Packet (SOP) to Start-Of-Packet (SOP) on the switch, ensuring deterministic performance for the most demanding environments. ‌Dynamic Session Optimization: The new Session Override feature allows firms to use their own software to measure session performance in real-time and automatically pivot to the fastest available path without the need for hardware re-coding. ‌Expanded Connectivity for Premium Links: Beyond standard TCP, nxAccess now supports UDP-based multicast and raw Ethernet frame transmission “out of the box”, allowing firms to leverage ultra-low latency wireless and private links immediately. ‌Accelerated Time-to-Production: As an off-the-shelf FPGA platform, nxAccess combines the raw speed of hardware with the flexibility of software, allowing firms to deploy these performance improvements without the long development cycles typical of custom FPGA builds. nxAccess is Exegy’s premier FPGA-based trading engine, designed to load order templates via software while using hardware-level logic to trigger, update, and transmit orders with nanosecond precision.

TS Imagine, a leading global cross-asset provider of trading, portfolio, risk management and prime brokerage solutions, today announces a new module within its comprehensive, cross-asset class platform, designed to provide a fully integrated system for managing the economics and risk of swaps. The solution introduces a modular approach for synthetic prime brokerage desks and asset managers, replacing end-of-day reconciliation with a single, real-time intra-day view across swap positions and hedge books. User benefits include: Significantly reduced operational overhead through elimination of manual processes Real-time intraday P&L visibility of risk, hedge discrepancies and more Native P&L attribution for streamlined regulatory reporting  Reduced reconciliation breaks and investigation time  The module is available across TS Imagine’s platform to users of SwapSmart, TS Imagine’s swaps lifecycle management engine, RiskSmart+, its real-time risk and P&L platform, and TradeSmart, its multi-asset order and execution management system. Regardless of the role the user plays within the investment lifecycle, they benefit from a unified, intraday view of the entire portfolio, including swap positions and corresponding cash equity hedges within a single system. The module also delivers embedded regulatory-grade P&L attribution, including full Volcker Rule decomposition, removing the need for manual overlays and streamlining compliance. The platform supports a wide range of instruments, including but not limited to, single name and index TRS, basket and portfolio swaps, CFDs and multi-asset underlying's, and is designed to meet the operational and regulatory demands of institutional prime brokerage desks and asset managers. Its architecture has already been validated against the requirements of large institutional synthetic prime broker clients. “The days of the patchwork trading desk are over. Our users do not have time to navigate fragmented technology systems while also managing performance swaps and monitoring P&L and risk in real-time. They need one stack to cover price discovery and execution through every swap’s lifecycle event,” said Rob Flatley at TS Imagine. “By replacing fragmented workflows and end-of-day reconciliation with a unified, real-time view, we are empowering our users to operate with greater precision, speed, and control.” TS Imagine's platform delivers comprehensive coverage across the entire trade lifecycle — from pre-trade through post-trade — within a single, seamlessly integrated environment. By collapsing fragmented systems into one operating environment, TS Imagine reduces cost, accelerates deployment, and creates a defensible competitive moat for clients. Natively integrated modules eliminate data handoffs and latency, enabling fluid transitions across front and middle office workflows. Built to support all major asset classes — including equities, fixed income, FX, and derivatives — the platform scales to meet the sophisticated demands of large, global institutions, with built-in multi-region compliance and margin optimization. Centralized real-time and historical market data ensures consistent pricing, analytics, and confident decision-making.

Vietnam reclassification from Frontier to Secondary Emerging market status  Nigeria reclassification from Unclassified to Frontier market status  FTSE Russell, the global index provider, today published the results of its March 2026 semi-annual country classification review for countries monitored by its global equity and fixed income indices. Equities FTSE Russell confirms the reclassification of Vietnam from Frontier to Secondary Emerging market status, effective from the open on Monday 21 September 2026, The March interim assessment considered progress in enabling access to global brokers, which is essential to support index replication and meet the needs of the international investment community. FTSE Russell recognises the progress made by the Vietnamese market authorities in evolving market infrastructure, including the removal of the prefunding requirement for Foreign Institutional Investors through the implementation of a non-prefunding model and the establishment of a formal process for handling failed trades. FTSE Russell confirms that Vietnam meets all criteria for Secondary Emerging market status under the FTSE Equity Country Classification Framework and will continue to monitor developments closely ahead of the September 2026 effective date. David Sol, Global Head of Policy at FTSE Russell, says:“FTSE Russell welcomes the continued progress made by the Vietnamese market authorities in aligning with international standards. The March interim review confirms that the key enhancements required to support the planned reclassification in September 2026 remain on track.” FTSE Russell confirms through the March 2026 interim review that Nigeria will be reclassified from Unclassified to Frontier market status and that Greece continues to meet all the requirements for reclassification from Advanced Emerging to Developed market status, with both reclassifications scheduled to take effect in conjunction with the FTSE Frontier annual review and the FTSE Global Equity Index Series September 2026 semi-annual review, effective from the open on Monday 21 September 2026. Fixed income FTSE Russell is pleased to announce that inclusion of South Korean government bonds in the FTSE World Government Bond Index has commenced effective with April 2026 index profiles and will be phased in over an eight-month period. As previously announced, Slovakia will be added to the FTSE World Government Bond Index effective with the June 2026 index profiles, having met the relevant market size, credit rating and Market Accessibility Level requirements as of the September 2025 FTSE Fixed Income Country Classification Review. More information on the Equity Country Classification and Fixed Income Country Classification an be found on our website. The next update will be published in September 2026.

The Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and the National Credit Union Administration (NCUA) (collectively, the “Agencies”) today invite public comment on a proposed rule to amend the respective requirements for their supervised institutions to establish and maintain effective risk-based anti-money laundering and countering the financing of terrorism (AML/CFT) programs designed to identify, assess, and mitigate risks of illicit finance. The amendments are intended to align each agency’s AML/CFT rules with changes concurrently proposed by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). The Bank Secrecy Act (BSA) refers to the statutory framework imposing various AML/CFT regulatory requirements on financial institutions, including banks and credit unions supervised by the Agencies. In 2020, Congress passed the Anti-Money Laundering Act of 2020 (AML Act), which directed FinCEN and the Agencies to modernize and strengthen the AML/CFT regulatory framework to encourage more effective outcomes for financial institutions, regulators, law enforcement, and national security agencies. The Agencies are proposing to revise their respective regulations to reflect these broader revisions to the BSA, as well as to ensure consistency between FinCEN’s and the Agencies’ separately authorized compliance program requirements. Among other changes, the proposed rule would: Incorporate the AML Act provision that a bank’s AML/CFT program should be risk-based, including ensuring that banks direct more attention and resources toward higher-risk customers and activities, consistent with the risk profile of the institution, rather than toward lower-risk customers and activities. Describe the requirements for a bank to establish an AML/CFT program; explicitly incorporate FinCEN’s existing customer due diligence requirement; and clarify that a bank’s designated AML/CFT officer must be located in the U.S. and accessible to regulators. Require that once a bank has properly established its AML/CFT program, the institution maintains that program in all material respects. In addition, the proposed rule would clarify that only significant or systemic failures to implement a properly established program would warrant an “AML/CFT enforcement action” or a “significant AML/CFT supervisory action.” Enhance FinCEN’s role in the Agencies’ supervision and enforcement process by establishing a new consultation framework for certain actions by the Agencies. Clarify that banks may share any information with FinCEN related to certain AML/CFT supervisory and enforcement actions. Comments on the proposed rule are due 60 days after the date of publication in the Federal Register. Related Link Notice of Proposed Rulemaking: Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements (PDF)

The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation (the agencies) today jointly issued a final rule that codifies the elimination of reputation risk from their supervisory programs. The rule defines “reputation risk” and prohibits the agencies from criticizing or taking adverse action against an institution on the basis of reputation risk. The rule also prohibits the agencies from requiring, instructing, or encouraging an institution to close customer accounts or take other actions on the basis of a person or entity’s political, social, cultural, or religious views or beliefs, constitutionally protected speech, or solely on the basis of politically disfavored but lawful business activities perceived to present reputation risk. This rule also responds to concerns expressed in Executive Order 14331, Guaranteeing Fair Banking for All Americans, that the use of reputation risk can be a pretext for restricting law-abiding individuals’ and businesses’ access to financial services on the basis of political or religious beliefs or lawful business activities. Related Link Federal Register (PDF)