Global Scans · Financial Services · Weekly Summary

• [New] In the 2026 Global Financial Services Regulatory Outlook, we see a shift from 2025's challenge-fragmentation-to a new era of localization, as national regulators rewrite rules to match domestic growth and competitiveness goals. EY
• [New] Potential fraud losses for financial services institutions in the U.S. alone could reach $40 billion USD by 2027, highlighting why financial services are racing to strengthen their defences. Cybercrime Magazine
• [New] In 2026, the FCA will deliver a new wave of growth initiatives to focus on more efficient supervision, the digitalization of financial services, increasing SME lending, and boosting trade and international competitiveness. FCA
• [New] In the near-term (2026 and immediate years following), AI will continue to rapidly enhance financial services by improving efficiency, reducing costs, and offering more tailored solutions. The Daily Press
• [New] The research points to a broader opportunity for UK financial services and insurance firms to elevate compliance from a regulatory function to a strategic enabler. Fintech Intel
• [New] Looking ahead to 2026, rates are expected to remain stable to slightly down for well-protected risks, while underwriters may tighten terms and push selective increases in higher-exposure industries such as healthcare, financial services, and public entities. SterlingRisk Insurance
• [New] The UAE's 2025 expansion is expected to be driven by the non-oil sector, hydrocarbon production recovery, tourism, construction, financial services, and major infrastructure projects. ANBA News Agency
• If executed well, Neo Banks could become a cornerstone of Nepal's financial modernization-offering affordable, fast, and accessible services to millions. NEPSE Trading
• The New York State Department of Financial Services has set the 2026 Paid Family Leave contribution rate at 0.432% of weekly wages, an 11.3% increase from 2025. Precision Benefits Group
• As financial services continue to evolve - with more banking-as-a-service models, API-driven fintech integrations, cloud-native infrastructures, and global vendor ecosystems - institutions that master third-party risk management will build more resilient, trustworthy, and sustainable businesses. FinExtra
• Financial services firms will be providing new, easily navigable ways for people to find the right UK investment for them. Osborne Clarke
• Cancer Council welcomes the governments $7.9 billion expansion of the Bulk Billing Practice Incentive Program, which will reduce the financial burden of cancer and improve access to health services for all Australians. Mirage News
• By industry vertical, banking, financial services, and insurance captured a 34.82% revenue share in 2024, while the healthcare and life sciences sector is projected to advance at an 8.14% CAGR through 2030. / Canada Mordor Intelligence
• Banking, financial services, and insurance entities in India prioritise cyber vulnerabilities, while manufacturing and construction firms emphasise supply chain continuity. Insurance Business
• The UK is taking decisive action to ensure its financial services sector leads in supporting the global transition to net zero, capturing a major share of the $7.5 trillion annual global investment opportunity through 2030 and creating opportunities for firms and communities across the UK. GOV.UK
• Looking ahead, Trust Money will play an even more significant role in shaping the future of digital financial services in Bangladesh. The Business Standard
• BNP Paribas Cardif will participate through the insurance arm of BNP Paribas, Xiaomi through a technology affiliate registered in Sichuan province, and Volkswagen through its financial services affiliate in China. Insurance Business
• In 2026, the financial services sector will find that it needs to change the way it utilises AI. FinExtra
• Over the past decade, China's healthcare reforms have provided equitable access to basic medical services for all citizens, along with reasonable quality assurance and financial risk protection. PubMed Central (PMC)
• Organizations in regulated industries financial services, healthcare, defence, critical infrastructure should assume mandatory compliance timelines will emerge by 2027-2028. Medium
• The anticipated dip in 2026 was likely to be temporary and followed by improvement in growth levels across most UK financial services in 2027 and 2028. The Guardian
• A dip in 2026 is likely to be temporary, and as uncertainty recedes, growth levels across most of the UK financial services sectors will improve over 2027 and 2028. EY

Last updated: 15 December 2025