The Committee believes that the financial services regulators are not doing enough to manage the risks presented by AI....By: Latham & Watkins LLP

we are pleased to announce the launch of our regulatory resources hub, a centralised and easy-to-navigate guide to the core laws and compliance frameworks shaping financial services across leading jurisdictions. the hub provides concise summaries and direct access to key regulations from bermuda, the british virgin islands, and the cayman islands, helping firms and professionals quickly identify the regulatory requirements relevant to their operations. whether you are reviewing licensing obligations, aml requirements, or governance standards, this hub is designed to support efficient and informed compliance. current jurisdictions covered bermuda: overview of the core regulatory framework and licensing requirements. british virgin islands: summary of key financial services legislation and regulatory obligations. cayman islands: guidance on compliance standards and ongoing regulatory responsibilities. we will continue to expand the regulatory resources hub including additional jurisdictions such as anguilla, cyprus, and jersey. we invite you to explore and make use of this new resource as part of your ongoing compliance and regulatory monitoring activities. visit our regulatory resources hub here. stay informed. stay compliant.

On 23 January 2026, the European Systemic Risk Board (ESRB) issued a summary compliance report that assesses compliance with certain aspects of Recommendation ESRB/2019/18 on exchange and collection of information for macroprudential purposes on branches of credit institutions having their head office in another Member State or in a third country. The Recommendation is aimed at harmonising the scope and frequency of the exchange of information on branches available to relevant authorities across Member States.  The Recommendation has three parts: Recommendation A of Recommendation ESRB/2019/18 recommends that the relevant authorities cooperate and exchange, on a need-to-know basis, information deemed necessary for the discharge of their tasks related to the adoption and/or activation of macroprudential policy measures or for other financial stability tasks, in an effective and efficient manner. Recommendation B of Recommendation ESRB/2019/18, addressed to the European Commission, is aimed at ensuring the removal of any impediments which might exist in Union legislation, and which might prevent the relevant authorities from having or obtaining necessary information on branches. Recommendation C of Recommendation ESRB/2019/18, addressed to the European Banking Authority, is aimed at ensuring a consistent, effective and efficient approach to the exchange of information for the purposes of the Recommendation. The overall results of this latest assessment show a high level of compliance with the ESRB Recommendation across all addressees.