On 15 October 2026 the Financial Stability Board (FSB) published the final report on its FSB AI sound practices: twelve practices for the responsible adoption of artificial intelligence by financial institutions, released alongside an overview of the roughly 160 responses to the June consultation. Its operative request goes to boards and senior management, which the…
On 14 October 2026 the European Banking Authority (EBA) announced that it has classified USDC, issued in the EU by Circle Internet Financial Europe SAS, as a significant e-money token under the Markets in Crypto-Assets Regulation (MiCAR). The EBA says 45 e-money tokens (EMTs) have been notified under MiCAR, and USDC is the first to…
On 1 October 2026 the European Commission adopted COM(2026) 515, a proposal for a Council directive that would let Member States keep using two VAT anti-fraud tools until 30 June 2030: the optional reverse charge mechanism in Article 199a of the VAT Directive and the Quick Reaction Mechanism (QRM) in Article 199b. Under the Directive…
On 7 October 2026 the Monetary Authority of Singapore (MAS) issued its Guidelines on Artificial Intelligence Risk Management, together with a response to the feedback it received on consultation paper P017-2025 of November 2025. The MAS AI risk management guidelines take effect on 7 October 2027 and reach every financial institution (FI) as defined in…
On 24 September 2026 the ECB announced that its Governing Council had approved a feasibility assessment for TIPS Pix interlinking: a possible connection between the Eurosystem’s TARGET Instant Payment Settlement (TIPS) platform and Pix, the fast payment system owned and operated by the Central Bank of Brazil. The two central banks will work through technical,…
CESOP reporting in Luxembourg is triggered when, in a calendar quarter, a PSP provides payment services corresponding to more than 25 cross-border payments to the same payee. The count is calculated separately for payment services provided per Member State and per Article 243c(2) payee identifier; where the PSP knows that several identifiers belong to the…
On 3 September 2026 the European Commission put a number on five years of the EU e-commerce VAT reforms: more than 125 billion euro in VAT collected through the One Stop Shop and the Import One Stop Shop since the rules took effect on 1 July 2021. In 2025 alone the schemes brought in more…
The label “MAS-regulated stablecoin” is about to become a statutory gate. On 1 September 2026 the Monetary Authority of Singapore (MAS) published a consultation on legislative amendments to the Payment Services Act 2019 that would give the MAS stablecoin framework legal effect. The consultation invites feedback by 16 October 2026; responding is not a mandatory…
On 19 August 2026 the Eurosystem named 61 financial market stakeholders and public sector institutions to the Appia contact group, the standing forum that will now shape how central bank money settles tokenised assets in Europe. The seats were filled from a call for expressions of interest issued on 1 June 2026, and the group…
On 18 August 2026 the European Central Bank asked a narrow slice of the technology industry a very specific question: are the secure-hardware standards behind the offline digital euro mature enough, and does the market support them? The call for expression of interest, published through the ECB’s market infrastructure and payments news channel, gives interested…