The Depository Trust & Clearing Corporation (DTCC) recently announced its plan to extend US equities clearing hours, a move that Tokenovate CEO and Founder Richard Baker believes signals a larger shift in post-trade infrastructure. While many have focused on the implications for trading hours, Baker argues that the transition to continuous markets highlights the inherent limitations of legacy post-trade systems. "DTCC's move confirms that capital markets are becoming continuous, but much of the post-trade infrastructure was designed for batch processing and defined market hours," commented Baker. He suggests that simply extending operating hours is not enough. According to Baker, the industry's push towards an "always-on" trading environment exposes the inefficiencies of current post-trade operations, which often rely on manual processes, fragmented data, and overnight batches. He warns that without significant modernization, longer trading hours could merely shift operational bottlenecks rather than eliminate them. "The industry has spent years making execution faster. The next competitive advantage will come from modernising what happens after the trade," Baker explained. He argues that as market hours extend, the firms that will succeed are those that can automate post-trade workflows, including lifecycle events, collateral movements, and settlement, on a continuous basis."

Board lot units in the Hong Kong securities market will be standardised to eight options Board lot value will be subject to floor and ceiling guidance of HK$1,000 and HK$50,000 respectively The new board lot framework will be implemented in phases, starting 2 July 2026 Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to publish today (Tuesday) the conclusions of its consultation on proposed enhancements to the board lot framework for the Hong Kong securities market. The consultation received 85 responses from a broad range of market participants across the primary and secondary markets. All proposed enhancements received strong market support, with respondents recognising the potential for enhanced operational efficiencies and improved accessibility to the Hong Kong securities market. Taking into account the feedback received, HKEX will proceed with the following enhancements to the board lot framework for Applicable Securities, which include equities1 and REITs: Reduction of the board lot value floor guidance from HK$2,000 to HK$1,0002; Introduction of board lot value ceiling guidance at HK$50,000 for issuers that adopt board lot units larger than 100 shares; and Standardisation of board lot units to a defined set of eight options: 1, 50, 100, 500, 1,000, 2,000, 5,000 and 10,000 share(s). HKEX Head of Markets, Gregory Yu, said: “We are delighted to introduce a more streamlined board lot framework, marking a significant step forward in making our market more accessible and inclusive. The feedback received highlights broad market support for simplifying market arrangements and enhancing trading efficiency. Moving to a more standardised set of board lot units lays a strong foundation for the continued evolution of Hong Kong’s market microstructure, paving the way towards the potential for a unified board lot unit in the longer term. Together with other market infrastructure initiatives and product innovations at HKEX, these enhancements reinforce Hong Kong’s role as a leading international financial centre.” To facilitate a smooth transition and minimise operational impact on the market, HKEX will adopt a two‑phased implementation approach: Phase 1 (effective 2 July 2026) Prospective issuers with IPO application filings made before 2 July 2026 will be required to comply with the updated board lot value floor guidance and the new board lot value ceiling guidance; with IPO application filings (including the refiling of IPO applications lapsed before 2 July 2026) made on or after 2 July 2026 will be required to comply with all components of the new board lot framework. Existing issuers Existing issuers will be required to comply with the updated board lot value floor guidance and the new board lot value ceiling guidance3. Existing issuers undertaking corporate actions involving a change of board lot unit, share consolidation or share sub-division, will be required to comply with all components of the new board lot framework. Board lot value ceiling guidance The ceiling guidance applies only to Applicable Securities with a board lot unit exceeding 100 shares. HKEX will regularly review board lot values and notify issuers whose average daily closing board lot value during the six-month assessment period4 exceeds HK$50,000. Issuers will be asked to reduce the board lot value within six months of the end of the relevant assessment period. Phase 2 (effective upon the launch of USM on 16 November 2026) All issuers will be required to adopt one of the standardised board lot units within six months of completing the Uncertificated Securities Market (USM) transition process. The requirement to conduct parallel trading for a change of board lot unit will be removed for issuers that have completed the USM transition process. In conjunction with the enhanced board lot framework, HKEX also plans to enhance the odd lot trading mechanism, with the exploration of a new automatic matching mechanism considered to be launched earliest by the third quarter of 2027, subject to regulatory approval and market readiness. Further details of this enhancement will be announced in due course. The consultation conclusions and copies of the respondents’ submissions are available on the HKEX website. The Guide on Trading Arrangements for Selected Types of Corporate Actions has also been updated to reflect the new board lot framework and associated changes.   Notes: The following instruments are excluded from the scope of the proposal: Exchange Traded Products, Structured Products, debt securities, equity warrants, investment companies (listed under Chapter 21 of the Listing Rules), Special Purpose Acquisition Company shares and warrants. Only applicable upon initial listing, when the board lot unit is being changed, and when conducting share consolidation or sub-division. Issuers that are not Specified Prescribed Securities under the USM regime, which in general are issuers incorporated outside Hong Kong, the Chinese Mainland, Bermuda, or Cayman Islands, would not be expected to observe the board lot value ceiling guidance until such time as they are able to elect to undertake an earlier USM transition. The first assessment period will commence in July 2026 and will run from January to June and from July to December each year.

KEY POINTS TSD hosted “The 26th ACG Cross Training Seminar” under the theme “Adaptation of CCP & CSD Services for the New Era” from June 23–26, 2026, bringing together over 100 representatives from 27 ACG member organizations. Members exchanged knowledge and expertise across four key areas: collaboration, service standards, market connectivity and technology adoption for the digital era. TSD Managing Director Pichaya Chomchaiya said that Thailand Securities Depository Co., Ltd. (TSD) hosted “The 26th ACG Cross Training Seminar” under the theme “Adaptation of CCP & CSD Services for the New Era” from June 23–26, 2026. Over 100 delegates from central securities depositories and central counterparty clearing houses, representing 27 organizations within the Asia-Pacific Central Securities Depository Group (ACG), gathered to exchange knowledge and define collective working guidelines. The seminar aimed to elevate post-trade service standards, a critical infrastructure for capital markets, ensuring resilience against rapid technological change and enabling sustainable long-term growth. Discussions focused on four key pillars: Collaboration: Fostering synergy between regulators and capital market organizations to align practices, regulations, and post-trade infrastructure to support future investment growth. Core Services: Elevating service standards to bolster investor confidence and preserve capital market stability. Connectivity: Enhancing inter-market connectivity to expand investment opportunities for regional investors. Technology Adoption: Applying cutting-edge technologies, including AI, to increase operational efficiency and transparency. TSD also showcased its digital transformation milestones, including TSD e-Service on the “wiset” application, which enhances shareholder access to investment information and portfolio management. The “Pan Hoon Aom Boon” (Share Donation for Merit) and “Pan Pol Aom Suk” (Dividend Donation for Happiness) initiatives further enable shareholders to donate securities and dividends to charitable causes, reflecting TSD’s commitment to meaningful ESG impact. “This seminar is a vital mechanism to advance post-trade services for Thai and regional capital markets, while reinforcing our commitment to creating opportunities for all stakeholders within The Stock Exchange of Thailand group, in line with our vision: ‘The Trusted Gateway to Inclusive Opportunities’,” added Pichaya.   

The 2025 Consolidated Annual Activity Report outlines ACER’s regulatory work and achievements over the year. It also reviews how ACER delivered on its 2025 work programme.  The report reviews ACER’s role in advancing the integration of EU electricity and gas markets, including work on decarbonised gases and hydrogen, infrastructure planning and security of supply. It also covers ACER’s activities to safeguard market integrity and transparency through market surveillance (REMIT).  The report was adopted by ACER's Administrative Board on 28 May 2026, following approval by the Board of Regulators. Discover ACER’s 2025 achievements

The Disciplinary Committee of Nasdaq Stockholm (the “Exchange") has found that TriCarbs BidCo AB (the “Offeror") has breached the Takeover rules of Nasdaq Stockholm (the “Takeover Rules") and has therefore issued the Offeror a fine amounting to SEK 100,000,000. On April 27, 2026, the Offeror announced a recommended cash offer to acquire all outstanding shares in Cint Group AB (publ) (“Cint”). The consortium members at that time consisted of Triton Fund 6, Bolero Holdings SARL as well as Patrick Comer, CEO of Cint, and Brett Schnittlich, board member and former COO of Cint. The Offeror has undertaken vis-à-vis the Exchange to comply with the Takeover Rules and to submit to any sanctions that the Exchange may impose in the event of a breach of those rules. On 27 May 2026, the Swedish Securities Council (Aktiemarknadsnämnden) issued a ruling (2026:18), in which it concluded that the planned composition of the bidding consortium was incompatible with the equal treatment principle set out in Rule II.10 of the Takeover Rules. The Offeror has acknowledged the breach of the Takeover Rules. The Disciplinary Committee therefore finds that the Offeror has breached the Takeover Rules. The Disciplinary Committee considers the violation to be particularly serious and sets the fine at SEK 100,000,000. The Disciplinary Committee’s decision is available at: https://www.nasdaq.com/market-regulation/nordic/stockholm/disciplinary/decisions-sanctions

Fime today unveiled the launch of its new mobile driving license (mDL) certification scheme, the first in a planned family of digital identity certification schemes designed to help wallet providers, reader providers, governments and ecosystem stakeholders demonstrate compliance, interoperability and market readiness. As digital identity ecosystems move from pilots to large-scale deployment, solution providers and issuing authorities face growing complexity. Differences across markets, standards interpretations, and certification approaches can slow adoption and create uncertainty for governments, relying parties, and technology providers. Fime’s new scheme cuts through that complexity. It provides an independent certification framework that enables structured validation against international standards while supporting interoperability across the broader ecosystem. Built on the foundations of Fime’s established testing programs, it provides a clear progression path, from compliance testing through to formal certification, with successful solutions earning the ability to use the Fime-certified mark. The scheme validates compliance against ISO/IEC 18013-5:2021 and ISO/IEC TS 18013-7:2025 covering both in-person and remote mDL presentation use cases. Its governance model aligns with ISO/IEC 17065 principles, while evaluations are conducted by laboratories operating in accordance with ISO/IEC 17025, ensuring the same level of rigor, consistency, and global credibility that underpin Fime’s wider certification services. Certification decisions are governed separately from testing and advisory activities to support impartiality, consistency and confidence in the mark. “Our industry is moving quickly from fragmented pilots to large-scale deployments, where trust and interoperability are critical,” said Steve Pannifer, SVP Digital Identity at Fime. “This scheme gives solution providers a structured, independent path to demonstrate they are market ready, while helping governments and ecosystem stakeholders accelerate real-world adoption with greater confidence.” The mDL certification scheme is the first step in Fime’s broader digital identity certification roadmap. This family will include the emerging European Digital Identity (EUDI) framework as well as schemes from regions, countries and sectors around the world. To learn more visit Fime Digital Identity certification services.

The Bank of England and the FCA have published a joint approach setting out how they and where relevant other authorities will work together to regulate systemic stablecoin issuers in the UK. It explains how responsibilities will be split between the authorities, and how UK stablecoin issuers may move from FCA supervision to joint regulation once recognised as systemic by HM Treasury. The approach aims to provide clarity and predictability for firms as the market develops.  Read the paper

Firms supporting people to buy, trade and hold crypto will need to meet clear standards under landmark rules set out by the FCA. All firms must meet financial resilience requirements including capital and stress testing. The FCA is also introducing new market integrity rules covering areas such as insider trading and market manipulation.   The new framework also sets out specific rules for stablecoins, a type of cryptoasset designed to maintain a stable value, typically by being linked to a currency such as the pound. Stablecoins will be subject to clear, strong and transparent standards, helping to build trust in how they are used over time.   Following consultation, the FCA has simplified key elements of the regime to make it more workable in practice including simpler capital requirements for stablecoin firms and tailoring trading rules to better reflect how crypto markets operate.  The FCA drew upon international best practice, applying established financial services standards where risks are comparable, including the Consumer Duty. David Geale, executive director of payments and digital finance at the FCA said:   'This is a significant moment for crypto regulation in the UK. We’ve created a framework that doesn’t force firms to choose between regulatory certainty and room to innovate – this regime means they can have both in a stable, competitive home to build and grow. For consumers, it means firms will be held to similar standards to other financial providers, though we can’t regulate away risk.' Legislation in February 2026 brought cryptoassets into the FCA’s remit, marking one of the most significant expansions of the regulator’s oversight in years. Until the new rules come into effect in October 2027, the FCA’s oversight of crypto will continue to be limited to financial promotions and anti-money laundering controls.  Crypto firms, including trading platforms, intermediaries, custodians, stablecoin issuers, and firms arranging staking must obtain FCA authorisation to operate in the UK.  The FCA is encouraging firms to prepare now and make use of its pre-application support meetings available from July. Firms can apply for authorisation between 30 September 2026 and 28 February 2027, so they are ready to start or continue to trade under the new mandatory regime which will come into force on 25 October 2027.    Crypto remains high-risk and consumers should understand what protections apply before investing. The new rules set by the FCA provide the foundation for a more sustainable and trusted crypto market in the UK. Background Read the policy statements. The FCA has also published consultations on non-handbook guidance for prudential requirements for cryptoasset firms: Read GC26/4: Non-Handbook Guidance on COREPRU 7: Overall risk assessment. Read GC26/5: Non-Handbook Guidance on CRYPTOPRU 7: Overall risk assessment for CRYPTOPRU firms. Read the Cost Benefit Analysis on the impact of the cryptoasset regime. Read the statement on joint supervision of stablecoin issuers by the FCA and Bank of England. The FCA will be hosting a webinar setting out its policy statements on 17 July.   This follows legislation set out by the Government in February 2026 to bring cryptoassets into UK regulation.   These publications mark the completion of the FCA’s crypto roadmap.   The authorisation gateway for firms will open on 30 September 2026. Pre-application support meetings are available.     The FCA will publish a further policy statement in September 2026 setting out how the regulatory perimeter applies to cryptoasset activities.   Later this year, the FCA will consult on decentralised finance (DeFi) guidance and separately on operational resilience guidance for firms using distributed ledger technology (DLT). It will also consult on updates to the Financial Crime Guide relevant to cryptoasset firms.   The FCA and the Bank of England are working together on stablecoins and will consult later this year on how FCA rules will apply when a stablecoin issuer is recognised as systemic by HM Treasury.   Find out more about the requirements firms must comply with and how firms can prepare for crypto authorisation.  Rhiannon Butterfield, Director, Digital Money and Payments, UK Finance, said: 'We welcome the FCA’s final Crypto Roadmap rules, which will provide clarity and help strengthen confidence in the UK market. UK Finance supports a balanced approach that encourages innovation and protects consumers while regulating risks. We look forward to working with the FCA in the coming months as it considers how stablecoin payments will connect with the wider Modernising Payments Regulations programme.' Su Carpenter, Executive Director, CryptoUK, said: 'At CryptoUK, we have worked for many years with our members and the regulators to find a framework that provides clarity alongside proportionate and balanced regulation for the UK digital asset sector. The FCA have engaged directly with the industry to review, revise and finalise their rules, and we welcome the collaborative and inclusive approach they have taken to ensure this sets out clear parameters for the UK market. The provision of a final set of guidance means the UK can move forward with more certainty and provide firms with an opportunity to develop and grow their businesses in a competitive jurisdiction. This provides an opportunity to build trust and confidence in the sector and realise the huge opportunities this industry can bring to the UK economy.' Emma Joyce, Head of EMEA, Global Blockchain Business Council, said: 'This marks an important step forward. Standards are what make markets work: they create the trust and common foundation needed for an industry to scale responsibly – and that is essential to the UK’s strength as a global financial hub.'

Market capitalisation of shares approximately NOK 136 million 38th listing on Euronext in 2026 and the 14th international listing Approximately 45.2 million series 2 preferred shares admitted to trading Euronext today congratulates Questerre Energy Corporation, a Canadian energy technology and innovation company, on the listing of its series 2 preferred shares on Euronext Growth Oslo (ticker code: QGAS). The company has been listed on Euronext Oslo Børs since 2005. This is the 38th listing on Euronext so far this year and the 14th international listing in 2026.  Questerre is an energy technology and innovation company focused on the responsible development of oil and gas resources. The company is headquartered in Canada and its common shares are listed on Euronext Oslo Børs and the Toronto Stock Exchange (ticker: QEC).  The preferred shares track the economic performance and value of Questerre's Quebec assets, including the company's significant natural gas discovery in the Quebec Utica shale. The shares were issued in January 2026 following a reorganisation of the company's share capital approved by shareholders. A total of 45,221,345 preferred shares are admitted to trading on Euronext Growth Oslo. At market opening today, the share price was NOK 3 per share, giving the new share class a market value of NOK 135.7 million and the company a combined market value of approximately NOK 893.3 million.  Michael Binnion, President & Chief Executive Officer of Questerre Energy Corporation, said: “Today's listing gives investors direct, tradeable exposure to our Quebec discovery for the first time. This reorganisation marks an important step in recognising the underlying value of our Quebec business. The new structure enables greater transparency and a more market-based valuation of this opportunity.”

Consultation on Sound Practices for Responsible Adoption of Artificial Intelligence (AI) We are seeking your feedback on proposed sound practices for financial institutions to adopt, use, and innovate with AI in a responsible manner. Join our virtual outreach event for stakeholders on 7 July at 13:00 CEST.   Roundtable on audit quality and structural shifts in the global audit industry The global audit industry is undergoing important structural shifts. On 18 June, we held a roundtable to understand their implications for audit quality. Regulatory and supervisory modernisation symposium The event was part of our work to promote well-aligned modernisation efforts and support members in making regulation and supervision more effective. FSB RCG for Europe meets Our Regional Consultative Group for Europe met on 2-3 June in Vienna, hosted by the Oesterreichische Nationalbank.   FSB Plenary highlights potential new vulnerabilities to financial stability FSB members met in London to discuss vulnerabilities in the global financial system and review progress on several FSB workstreams. Recap FSB Secretary General, John Schindler, spoke about “Building resilience in an uncertain world” at Insurance Europe’s 16th International Conference Report on Vulnerabilities in Private Credit Upcoming   1 July: FSB Deputy Secretary General, Martin Moloney, delivers a keynote speech on managing uncertainty at XLoD Global. 7 July: Public virtual outreach event on the FSB’s Sound Practices for Responsible Adoption of Artificial Intelligence consultation report. Register here. 8 July: FSB Deputy Secretary General, Martin Moloney, speaks at a virtual seminar on cross-border payments and digital assets organised by OMFIF. 8-9 July: FSB 2026 ReSolve Event: Exploring cross-sectoral interconnections and financial stability implications in crisis management. Late July: OTC derivatives reforms monitoring report. 28 July: FSB Secretary General, John Schindler, speaks at the Atlantic Council. Meet the FSB Secretariat Rebecca Maher Member of Secretariat Hello, I’m Rebecca and I’m currently on secondment at the FSB Secretariat from the Bank of England, where I was a manager on the Sterling Operations Desk. In that role I was responsible for designing, implementing, and executing monetary policy and liquidity insurance operations. I really enjoy being able to take what I had learnt there and applying it in a global context, for example in one of my first projects at the FSB, Enhancing the Functioning and Resilience of Commercial Paper and Negotiable Certificates of Deposit Markets. The work benefitted from great input from a range of stakeholders, including FSB Members around the world and private sector experts, who helped us to get into the detail of market functioning issues. Currently, I spend most of my time leading the FSB’s annual global monitoring of Non-bank Financial Intermediation (NBFI). This was a new area for me, but I’ve learnt so much from working with experts on NBFI. Our flagship Global Monitoring Report and the unique underlying datasets cover 29 jurisdictions. Alongside my data scientist colleagues, we’re currently enhancing the way we present the data and analysis, as well as modernising the analytical framework we use to analyse the NBFI sector and its vulnerabilities. More to come towards the end of this year! Beyond NBFI analysis, I lead Secretariat support for the FSB Regional Consultative Group for Europe, and I’m applying my operational background to our analytical work on operational resilience. Working at the FSB Secretariat has provided a different context to that of the Bank of England, but it gives me the same ultimate motivation: I believe in the ethos of the institutions. On a day-to-day basis, I see the same commitment to excellence from colleagues. I will look back on this experience with gratitude.

CFTC's Weekly Swaps Report has been updated, and is now available: http://www.cftc.gov/MarketReports/SwapsReports/index.htm.Additional information on the Weekly Swaps Report. Archive Explanatory Notes Swaps Report Data Dictionary Release Schedule Released: Weekly on Mondays at 3:30 p.m.

Nasdaq (Nasdaq: NDAQ) has scheduled its second quarter 2026 financial results announcement. Who: Nasdaq’s CEO, CFO, and additional members of its senior management team     What: Review Nasdaq’s second quarter 2026 financial results     When: Thursday, July 23, 2026Results Call: 8:00 AM Eastern     Senior management will be available for questions from the investment community following prepared remarks. All participants can access the conference via webcast through the Nasdaq Investor Relations website at http://ir.nasdaq.com/. Note: The press release and results presentation for the second quarter 2026 results will be posted on the Nasdaq Investor Relations website at http://ir.nasdaq.com/ on Thursday, July 23, 2026 at approximately 7:00 AM Eastern.

MIAX Options and MIAX Emerald Options will change the maximum valid bid/ask differentials for certain symbols traded on the Exchanges. The changes to the extended quote width requirements will begin on Wednesday, July 1, 2026, and remain in effect through Wednesday, September 30, 2026, unless withdrawn by the Exchanges before that time.For additional information on the expanded bid/ask differentials, please refer to the following Regulatory Circulars: MIAX Options RC 2026-91 MIAX Emerald Options RC 2025-73

The Office of the Comptroller of the Currency (OCC) today announced two senior personnel changes to support the evolution of the agency’s technology and information infrastructure and to elevate experienced supervisory leadership within our most complex portfolios. Megan Crespi will join the OCC as Senior Deputy Comptroller (SDC) for Technology and Information Services. Additionally, Jennifer Crosthwaite, an acting Deputy Comptroller for Large and Global Financial Institutions (LGFI), will serve as acting SDC for LGFI upon the retirement of Greg Coleman. As SDC for Technology and Information Services, Ms. Crespi will oversee the OCC’s information technology, information security, AI and data governance policies, procedures, and personnel. “As part of our ongoing commitment to strengthening agency operations, Megan’s arrival will support our work to keep pace with an ever-evolving technology landscape while maintaining the highest levels of safety and security across our infrastructure and operations,” said Comptroller of the Currency Jonathan V. Gould. “She will add tremendous value as we look to integrate technology, including AI, into our day-to-day supervision of banks and evaluate the use of technology by the institutions we supervise.” Prior to joining the OCC, Ms. Crespi served as Senior Executive Vice President and Chief Operating Officer of a large financial institution. Her career also includes leading a Technology and Operations division. In that role, she oversaw a range of functions to include enterprise change and project management; technology; cyber security, physical security and resiliency; process transformation; customer contact centers; real estate strategy and facilities management; data, analytics and AI; and operations for commercial lending. She has also served as a Chief Technology Officer and consultant. As acting SDC for LFGI, Ms. Crosthwaite will direct the supervision of the country’s OCC-regulated institutions with assets of over $500 billion and those institutions that have a foreign parent. “Jennifer is widely recognized across the OCC for her ability to navigate complex supervisory challenges and for her dedication to the professional development of examination staff,” said Comptroller of the Currency Jonathan V. Gould. “Her willingness to step into this position will help the OCC maintain continuity in experienced leadership for our largest regulated institutions as we continue advancing a risk-based approach to tailored supervision.” Ms. Crosthwaite, who was named a Senior National Bank Examiner in October 2025, has made significant contributions in key roles across the Community Banks, Regional and Midsize Financial Institutions, and LGFI lines of business. She joined the OCC in 1984, initially conducting bank examinations in Southern California. Ms. Crosthwaite received her National Bank Examiner commission in 1988 and relocated to San Francisco where she served as the Capital Markets Team Lead, the Enterprise Risk Management Team Lead and the Examiner-in-Charge at several of the largest OCC-supervised institutions.

The European Banking Authority (EBA) today published a roadmap outlining how it will deliver its mandates under the revised Deposit Guarantee Schemes Directive (DGSD3). The roadmap sets out the EBA’s role in implementing DGSD3 by developing a set of regulatory products to strengthen depositor protection across the EU. It also presents the timeline for these deliverables, which will ensure depositors are better informed about their rights, better protected, and that deposit guarantee schemes are prepared to act when needed. More broadly, the roadmap outlines the EBA’s contribution to strengthening the EU bank crisis management framework by enhancing depositor protection, supporting financial stability, and further harmonising protection standards across the EU. It provides stakeholders with clarity on the sequencing of the EBA’s work ahead of the Directive’s application in May 2028. The revised DGSD3, published on 20 April 2026, introduces over 100 operational improvements, many based on five Opinions issued by the EBA to the European Commission between 2019 and 2021. To support its implementation, the EBA will develop 12 regulatory products, to be delivered in three batches over the next three years. These technical standards and guidelines will bring tangible benefits to EU citizens by: improving how depositors are informed about their rights and protection; ensuring faster repayment in both domestic and cross-border bank failures; strengthening cooperation between national deposit guarantee schemes and relevant authorities; and enhancing stress-testing frameworks to ensure preparedness for crisis situations. Together, these measures will help ensure that bank failures can be managed effectively without jeopardising financial stability or causing contagion to the financial system. Notes for editors The roadmap follows the publication of the Crisis Management and Deposit Insurance (CMDI) package in the Official Journal (OJ) of the European Union. The revised DGSD3 builds on the following five Opinions issued by the EBA to the European Commission: EBA Opinion on the eligibility of deposits, coverage level and cooperation between deposit guarantee schemes, EBA Opinion on deposit guarantee scheme payouts, EBA Opinion on deposit guarantee scheme funding and uses of deposit guarantee scheme funds, EBA Opinion on the interplay between the EU Anti-Money Laundering Directive and the EU Deposit Guarantee Schemes Directive, and EBA Opinion on the treatment of client funds under Deposit Guarantee Schemes Directive.   Documents Roadmap on the delivery of the DGSD mandates (355.9 KB - PDF) Related content Topic Depositor protection

On 7 July 2026 at 13:00 CEST the FSB will host a virtual event as part of the consultation process for its proposed sound practices for financial institutions’ responsible adoption of AI. On 10 June 2026, the Financial Stability Board published a consultation report on Sound Practices for Responsible Adoption of Artificial Intelligence (AI) to help financial institutions responsibly navigate AI adoption in a rapidly evolving technological landscape. As part of its consultation, the FSB will host a virtual outreach event on Tuesday 7 July from 13:00-15:00 CEST. The event aims to inform stakeholders about the consultation and to gather preliminary perspectives on the topics covered in the consultation report. Registration closes at midday CEST Monday 6 July. The event will be recorded and may be published on the FSB website. Register for the viortual outreach event Related Information 10 June 2026 Sound Practices for Responsible Adoption of Artificial Intelligence (AI): Consultation report The FSB has developed sound practices to help all types of financial institutions navigate benefits and risks responsibly as they adopt AI.

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that its subsidiary, the National Securities Clearing Corporation (NSCC), has extended its clearing hours to 24x5 availability, from Sundays at 8:00 PM ET to Fridays at 8:00 PM ET, supporting overnight trading activity from Alternative Trading Systems (ATS) and exchanges. The move to 24x5 trading reflects growing global demand for increased access to U.S. markets as investors seek greater flexibility to trade outside traditional hours. By supporting 24x5 trading activity, NSCC is helping to strengthen the safety, soundness and efficiency of the U.S. equities marketplace while supporting greater global participation. This milestone represents a major step forward in the evolution of the U.S. equities market, enabling NSCC to apply its central counterparty guarantee immediately to transactions executed across extended trading hours and multiple time zones. “Today marks a significant milestone in the evolution of the U.S. equities market,” said Brian Steele, Managing Director and President of Clearing & Securities Services at DTCC. “By increasing clearing hours to operate on a near-continuous basis, we are enhancing access to U.S. markets for investors around the world, while maintaining the robust risk management and resiliency capabilities that are critical to market stability.” Over the past year, DTCC has worked closely with clients, exchanges, alternative trading system providers and other industry partners to support readiness for this transition, including extensive testing, operational planning and client engagement to ensure a smooth and seamless implementation. DTCC opened its testing environment in January 2026, requiring all consumers of the UTC real-time messages to test the required changes. All firms completed testing successfully prior to the recent go-live. “DTCC has collaborated closely with our clients and industry stakeholders to prepare for this moment,” Steele added. “With 24x5 trading now in place, we are enabling market participants to operate confidently in a more accessible, globally connected trading environment.” This development builds on earlier enhancements to NSCC’s operating hours with took place in September 2024 and reflects DTCC’s broader transformation efforts to advance post-trade infrastructure, strengthen resiliency and improve operational efficiency across the financial ecosystem. ATSs have already been leveraging NSCC’s previously extended operating window, introduced in September 2024 with clearing beginning approximately 2.5 hours earlier than before, while exchanges are expected to follow with longer trading hours in late 2026, alongside planned extensions from Securities Information Processors (SIPs). “The expansion to 24x5 clearing is a critical enabler for continuous trading models,” said 24X National Exchange Founder and CEO Dmitri Galinov. “As a venue built to operate beyond traditional market hours, we see strong demand from global participants seeking seamless 24x5 access to U.S. equities. This development helps align clearing infrastructure with that demand and supports 24X’s long-term vision of a truly around-the-clock marketplace.” “NSCC’s move to 24x5 clearing is a significant advancement that supports growing investor demand for broader market access,” said Bill Capuzzi, CEO of Apex Fintech Solutions. “As the clearing agent for Bruce ATS, Apex is committed to enabling seamless post-trade processing and maintaining strong operational resiliency as trading activity expands across time zones.” “Since Blue Ocean ATS officially launched, we’ve seen a meaningful shift in how global retail investors engage with U.S. equities, demanding real-time access aligned to their local markets and time zones,” said Brian Hyndman, CEO of Blue Ocean Technologies. “NSCC’s move to 24x5 clearing represents a critical inflection point in that evolution, reinforcing the infrastructure needed to support sustained, around-the-clock participation and bringing us closer to a truly continuous global marketplace.” “The DTCC’s move will add another layer of resilience by removing counterparty risk from overnight trading and encouraging broader adoption among a more diverse set of market participants,” said Jason Wallach, CEO of Bruce Markets. “It confirms that 24/5 trading is the new standard and marks a major step forward for the industry. Today’s announcement will fundamentally strengthen our financial system and affirms what we have long believed: the best markets remove friction while inviting broad and responsible participation.” “Cboe has long supported innovation that enhances market access and efficiency,” said Oliver Sung, Head of North American Equities at Cboe Global Markets. “Now that the clearing infrastructure is in place to support extended trading hours for U.S. equities, the industry will continue to build on that progress. Cboe has already successfully introduced near 24x5 trading in many of its markets and looks forward to bringing that same capability to our U.S. equities exchange next.” "As clearing agent for Moon ATS, we recognize the importance of aligning our infrastructure with changing trading patterns as global market participation expands," said Gerry Miligan, Head of Americas and President, Instinet, LLC. "To support extended-hours activity, we have strengthened our operational and risk management framework, ensuring trades are processed efficiently and reliably." “MEMX supports efforts that promote greater competition, efficiency and accessibility across U.S. equities markets,” said Adrian Griffiths, Head of Market Structure at MEMX. “NSCC’s move to 24x5 clearing represents meaningful progress in modernizing post-trade infrastructure, helping ensure the industry can meet growing demand for extended trading while maintaining strong operational resilience.” “NSCC’s transition to 24x5 clearing is a significant step forward in supporting always-on trading,” said Cromwell Coulson, President and CEO of OTC Markets Group, Operator of Moon ATS and OTC Overnight ATS. “As investor demand grows for access to NMS and OTC equities beyond traditional market hours, having a resilient post-trade infrastructure is essential. By reducing operational risk and speeding settlement processes across time zones, we can bring more global liquidity to America's financial markets." “Extending clearing hours is a critical step in modernizing U.S. equity market infrastructure,” said Chuck Mack, Senior Vice President, North American Markets, Nasdaq. “As trading and operating hours adapt to an always-on environment, a resilient, continuously aligned post-trade process is essential to supporting liquidity, price discovery, and investor confidence. This milestone helps ensure markets can scale globally while maintaining the strength and integrity that investors expect.” "DTCC's 24x5 clearing is the unlock that makes extended hours trading possible at scale," Kevin Tyrrell, Head of Markets at NYSE. "We're proud to work alongside DTCC and lead the industry to bring more investors into U.S. markets while maintaining the transparency and protections they depend on." “NSCC’s move to 24x5 clearing represents a significant advancement in supporting the continued growth of extended-hours trading,” said Michael Sanocki, CEO of RQD* Clearing. “As the clearing agent supporting Blue Ocean’s activity, RQD* recognizes that this evolution strengthens the risk management and post-trade infrastructure needed to facilitate consistent, reliable processing across a near-continuous trading cycle. It marks an important step toward enabling greater stability and scalability as participation in after-hours markets continues to expand globally.”

Shield, the global Communication Risk Management platform for financial services, today added two new AI agents to AmplifAI, its agentic suite for digital communications surveillance and investigations. The Alert Closure Agent extends the suite’s reach from detecting and investigating risk to resolving it, while the Language Expansion Agent takes surveillance from limited coverage of monitored languages to full coverage of all languages. Together, AmplifAI provides an industry-first approach that equips compliance teams with a comprehensive set of AI agents that span the full surveillance lifecycle.The launch comes at a pivotal moment for compliance. Regulatory expectations around AI governance, explainability, and language coverage continue to expand, while operational pressures remain acute. The average financial institution generates roughly one million Level 1 alerts annually, yet fewer than 0.02% progress beyond initial review, and 93% of firms identify false positives as a meaningful operational challenge. Across the industry, agentic AI is increasingly being recognized as the next major evolution in compliance technology, shifting the focus from systems that identify risk to systems that can help resolve it (1LoD, 2026 Surveillance Benchmarking Survey). But for regulated firms, autonomous action alone is not enough. AI must be explainable, auditable, and defensible, with human oversight and full decision transparency built in.AmplifAI’s two newest agents address these pressures directly.The Alert Closure Agent evaluates flagged communications across message content, risk language, and full conversation context to determine whether an alert reflects genuine compliance concern. Where context clearly establishes no risk is present, the agent closes the alert, with use of the agent in customer evaluations resulting in a 77.3% reduction of false positives.The agent is built to remove only contextually clear false positives -- a gap that current surveillance tools miss, but that should not require the attention of a human reviewer -- allowing them to direct their attention toward risk that warrants it. Full transparency and oversight are maintained, with closure reasoning recorded in the alert detail, every closed alert reopenable, and QA workflow steps configurable, ensuring that the agent operates under continuous human oversight rather than as a standalone decision-maker.The Language Expansion Agent addresses a separate, longstanding gap in communications surveillance. Multilingual blind spots are no longer defensible: coverage is an explicit and growing regulatory expectation, and firms operating across borders cannot assume their current monitoring captures risk across all languages used within employee communications. The Language Expansion Agent proactively identifies risk across unmonitored or rare languages, bringing all communications within a firm’s compliance perimeter regardless of the languages selected for monitoring.Together, the two agents broaden AmplifAI's coverage across detection, investigation, and governed resolution. The suite already includes a Noise Reduction Agent and Coverage Expansion Agent for enhanced detection, a Risk Reasoning Agent for at-a-glance triage and analysis, and Shiela, an agentic assistant for natural-language queries and investigation. The Alert Closure and Language Expansion Agents extend Shield’s multi-agent layer natively across the platform into resolution, delivering a suite that covers every stage of the surveillance lifecycle.“Financial services compliance is entering a new era,” said Shiran Weitzman, CEO of Shield. “While the industry has continued to focus on AI for individual tasks, such as classifying a message or flagging a keyword, AmplifAI represents a different vision: a coordinated system of specialized agents that reasons across the full surveillance lifecycle, from detection through to resolution. These two new agents are a first step toward a more sustainable compliance model, built for autonomy where needed and to keep human judgment at the center. AmplifAI is what responsible innovation looks like in a regulated industry.”"For years, compliance leaders have been forced to make tradeoffs between scale, coverage, and operational efficiency, all of which are becoming increasingly difficult to justify,” said Tamar Sharir, Chief Product Officer of Shield. “Shield's new agents are designed to remove those constraints. Together, these agents give compliance programs the coverage and capacity they need to operate with confidence across channels, languages and alerts.”With an advanced multi-agent approach built for compliance, Shield’s platform has previously been recognized in Gartner's 2025 Magic Quadrant for AI Architecture and Extensibility, SynPulse's 2026 AI in Compliance report, the AI Fintech100, and GreySpark's AI in Surveillance research.The Alert Closure Agent and Language Expansion Agent are available now as part of the AmplifAI suite, with the Alert Closure Agent already in deployment with a Tier 1 financial institution.To learn more about how Shield's AmplifAI suite closes some of the fastest-growing gaps in communications surveillance, visit https://www.shieldfc.com/amplifai or contact Shield to request a demo.

Mati Carbon has been issued 717 CORCs under the Puro Standard's Enhanced Rock Weathering (ERW) methodology, certified from its operations in Chhattisgarh, India. Mati Carbon applies basalt-based ERW across smallholder rice paddy farms in India, combining proprietary MRV techniques with logistics technology to deliver verified carbon dioxide removal. Its proximity to Deccan Traps basalt deposits reduces feedstock transport emissions, strengthening both the carbon accounting and the commercial model. The project delivers agronomic co-benefits for participating farmers alongside verified carbon removal. The CORCs are listed on the Puro Registry: https://registry.puro.earth/projects/868685

TMX Group Limited will announce its financial results for the second quarter ended June 30, 2026 in the evening of Thursday, July 30, 2026. An analyst conference call to review the results will be held on Friday, July 31, 2026 at 8:00 a.m. ET. WHAT: TMX Group Limited Q2 2026 financial results analyst conference call WHO: John McKenzie, Chief Executive Officer, TMX GroupDavid Arnold, Chief Financial Officer, TMX GroupAmanda Tang, Director, Investor Relations, TMX Group WHEN: Friday, July 31, 2026, 8:00 a.m. ET HOW: Participants may access the conference call via the webcast link. The audio webcast of the conference call will also be available and archived in TMX's shareholder events section.