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Hameed Shuja
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Hong Kong launches GenAI regulatory sandbox across entire financial system
The initiative will cover multiple financial sectors including banking, securities and capital markets, asset and wealth management, insurance, mandatory provident fund (MPF), and stored value facilities.
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FCA work in review: March 2-6, 2026
Our regular roundup of the latest news and developments from the FCA.
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John Wood Group fined £12.9m by FCA for issuing misleading statements
The company agreed to resolve the case at an early stage and qualified for a 30% discount on the penalty imposed. The original fine was £18.5 million.
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Report highlights weaknesses in AML supervision among UK firms
OPBAS says the accountancy and legal sectors make a significant contribution to UK GDP, but there is significant room for improvement in supervision.
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UK launches consultation on banning children from social media
Effects of gaming, restriction of AI chatbot features, and overnight curfews are being discussed as part of the consultation.
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UK’s CMA investigates hotel chains for suspected unlawful data sharing
The probe will focus on whether some chains shared “competitively sensitive” information with each other, leaving other businesses in a disadvantaged position.
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Asia-Pacific in focus: February 2026 at a glance
Our February 2026 roundup from the financial regulation industries across the Asia-Pacific region.
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FCA work in review: February 16-27, 2026
Our regular roundup of the latest news and developments from the FCA.