A new taskforce will tackle poor handling of motor finance claims by some claims management companies (CMCs) and law firms, after the FCA, Solicitors Regulation Authority (SRA), Information Commissioner’s Office (ICO) and Advertising Standards Authority (ASA) agreed to join up their efforts. The announcement comes as the FCA prepares to set out its final compensation scheme for motor finance customers. The regulators will step up efforts to share intelligence and continue to take co-ordinated and targeted actions using the full extent of their powers to mitigate harm to consumers. It will take swift action to tackle issues with unsolicited and misleading advertising, meritless claims, multiple representation, and unfair exit fees. Alison Walters, director of consumer finance and FCA taskforce lead, said: 'Our scheme will be free and people don’t need to use a CMC or law firm. Should they decide to do so, it’s important that they can trust CMCs and law firms to act in their best interests. This taskforce will ensure we deal with problems quickly and decisively.' Deb Jones, executive director of transformation and the SRA’s taskforce lead, said: 'We want consumers to have confidence in the system. The taskforce is a great example of how we as regulators can use our collective expertise and powers to not only take action, but also to improve consumers’ awareness of the standards they can expect from law firms and CMCs.' Miles Lockwood, director of complaints and investigations at the ASA, said: 'It’s vital that ads promoting motor finance redress services are clear about the commitments and costs of engaging with a CMC or law firm. The ASA will take robust and proactive action to tackle misleading advertising of such services, working in partnership with other regulators as part of this taskforce.' Andy Curry, head of investigations at the ICO, said: 'The law is long-standing, clear and simple – do not send unsolicited direct marketing without consent. We provide advice and support to help companies to comply, but where we see unlawful practices causing harm to the public, we will take action to the fullest extent. This is a serious issue, and we will work alongside our taskforce partners, pooling our expertise, knowledge and powers to address it.' Advice for consumers The FCA’s motor finance redress scheme will be free to use. Consumers do not need to use a CMC or a law firm, and those who do may lose up to 30% of any compensation. If you decide to go through the courts, this may cost you more. Don’t sign up to multiple CMCs or law firms to represent you. Doing so may lead to multiple fees. Be cautious of potential scammers who may try to contact you via cold calls, texts or emails, claiming you are owed motor finance commission compensation or offering to check eligibility. Report nuisance calls and texts to the ICOLink is external and report misleading advertising to the ASALink is external.  If a CMC is authorised by the FCA and you're unhappy with how it's handled your case, find out how to complain. If the firm is regulated by the SRA, find out how and where to complainLink is external. Complaints for poor service or excessive fees should first be directed to the law firm, and can then be raised to the Legal Ombudsman. Background The FCA will announce details of a motor finance redress scheme shortly after markets close on Monday 30 March. More FCA information for consumers, including how to deal with unwanted car finance emails. The SRA's website includes expectations for law firmsLink is external with regards to motor finance commission claims, and a guide for consumers who are represented by a law firm for a claimLink is external. Research commissioned by the FCA shows that 79% of motor finance customers are aware that they may be owed compensation and 61% of a possible compensation scheme. However, 41% of those aware they may be owed compensation didn’t know they would not need to use a CMC or law firm if a redress scheme is introduced. The taskforce is the latest measure by the regulators to improve standards. The FCA has already removed or amended 800 misleading adverts, in excess of 28,000 consumers have been able to exit contracts free of charge, and 3 CMCs reduced their unreasonable fees protecting over 500,000 consumers. Formal investigations are also under way, with 1 announced by the FCA. The SRA regulates more than 9,000 law firms in England and Wales. At 31 January 2026, it had 89 open investigations relating to 71 firms that manage high-volume consumer claims. It has also closed 7 firms working in this area. Previous joint statements: FCA and SRA issue joint warning to firms representing motor finance commission claims. Regulators join forces to tackle poor claims management practices. SRA and FCA warn law firms and claims management companies over poor practices in motor finance commission claimsLink is external.

This notice confirms that Mr David Warren has been made an Honorary Member of the LME in recognition of his service to LME Group. Download notice

ACER has published its Recommendation to the European Commission on measures to speed up the effective implementation of EU electricity market rules. Background The EU electricity market is grounded in a comprehensive legal and regulatory framework. This includes EU-wide network codes and guidelines and the adoption of detailed rules (e.g. terms and conditions or methodologies (TCMs)), designed to ensure that the market operates efficiently. Delays in implementing these rules hinder the proper functioning of Europe’s electricity system, resulting in economic costs for market participants and consumers. Why an ACER Recommendation to the European Commission? ACER’s (2024) monitoring found major delays in implementing the TCMs, both at EU and regional level, affecting key areas such as electricity balancing, system operation and forward capacity. This ACER Recommendation responds to the European Commission’s (2024) request for advice on how to strengthen the regulatory framework to reduce such delays. What are ACER’s findings and recommendations?  ACER’s Recommendation identifies challenges in three main areas: Implementation timelines: deadlines are often unclear or lack sufficient justification. Non-compliance: the decision-making process for addressing non-compliance by the European Union Network of Transmission System Operators for Electricity (ENTSO-E) and regional coordination centres (RCCs) has room for improvement. Collective non-compliance: while the enforcement of individual obligations of transmission system operators (TSOs) and nominated electricity market operators (NEMOs) poses no problem, current enforcement processes could fall short when tackling delayed implementation or failure to comply in cases where, across Union obligations, all TSOs or all NEMOs are tasked with jointly carrying out an obligation and collectively fail. ACER recommends that the European Commission: Improve implementation and monitoring through clearer deadlines and reporting requirements. Strengthen the enforcement framework in the ACER Regulation to ensure non-compliance by ENTSO-E and RCCs is addressed consistently and effectively. Assess how to further improve enforcement for collective obligations (i.e. all TSOs and all NEMOs obligations). Read more.

Stability Matters Latest news from the FSB March 2026 FSB Annual Report 2025 2025 it has been a year shaped by profound shifts in the global landscape, underscoring the critical importance of the FSB’s work.   FSB Chair’s foreword to the FSB Annual Report 2025 In presenting the Report, FSB Chair Andrew Bailey reflects on current challenges to multilateralism and how the FSB will remain fit for purpose. Workshop on nonbank financial intermediation (NBFI) In March, we hosted a senior workshop for FSB members to discuss and share insights on addressing financial stability risks associated with leverage in NBFI. Reforming Cross-border payments Keynote speech by Andrew Bailey, Chair of the Financial Stability Board, at the FSB Payments Summit, Bank of England, 12 March 2026.   FSB Cross-border Payments Summit At its third Cross-border Payments Summit, the FSB kicked off a new implementation phase to enhance cross-border payments through public-private partnership. Recap Vulnerabilities in Government Bond-backed Repo Markets Upcoming   13 April: FSB Chair’s letter to the G20 Finance Ministers and Central Bank Governors 22 April: Final guidance on insurers subject to resolution planning End-April: Report on vulnerabilities in private credit Meet the FSB Secretariat Karen Gallagher-Teske Senior Financial Market Analyst Hello! I’m Karen and I rejoined the FSB Secretariat in December 2025, having previously worked as an associate from 2018 to 2019. It’s a privilege to return to an organisation that plays a critical role in promoting global financial stability and fostering international cooperation. Since my earlier time at the FSB, I pursued further studies in economics and worked at the Office of the Comptroller of the Currency (OCC), an independent bureau of the US Treasury Department. There, I deepened my understanding of financial regulation, economic research, and policy analysis. At the FSB Secretariat, my work focuses on supporting members’ assessments of vulnerabilities in the global financial system, particularly in the rapidly evolving crypto-asset space, as well as assessing the effectiveness of recommendations and implementation monitoring. I’m excited to be back in Basel to keep learning about the global financial system across a broad range of topics, collaborate with colleagues and members from around the world, and tackle complex challenges together.

Nasdaq (Nasdaq: NDAQ) today announced the resolution of its public consultation on proposed enhancements to the Nasdaq-100 Index® methodology. Following a transparent and open comment period, that opened February 2 and closed February 27, 2026, Nasdaq Global Indexes, has approved updates to the Nasdaq-100 Index methodology, effective May 1, 2026. Nasdaq Global Indexes periodically reviews index methodologies through standard governance processes, and feedback submitted during the consultation informed the final determination. Following the review and evaluation of consultation submissions, Nasdaq will proceed with the updated methodology changes outlined in the Summary of Responses and Conclusions and the updated methodology, effective May 1, 2026. The current methodology will remain in effect through April 30, 2026. Nasdaq Global Indexes will communicate implementation details through standard index notice channels in advance of the effective date.

Click here to download  the 'Index Dashboard' for the month ended March 2026.

Key Points Announcement of the 715 listed companies on SET and mai that have passed the initial screening criteria for the 2026 SET Awards presentation, together with the award criteria for all categories, is available at www.set.or.th/setawards. The Sustainability Awards will be paused for two years (2026–2027) to provide listed companies with sufficient time to prepare for new disclosure requirements and changes in ESG assessment criteria. Certificates of Recognition will be presented to listed companies in 2026 based on their Sustainability Awards achievements over the past 10 years.  Listed companies and capital market participants are invited to submit supporting information for consideration for the SET Awards in 6 awards from March 30 - May 29, 2026. The Awards presentation ceremony will be organized in October 2026. The Stock Exchange of Thailand (SET), jointly with Money & Banking Magazine, will hold SET Awards 2026 presentation ceremony, considered the 23rd consecutive year, to recognize companies portraying excellence in business and sustainability in two awards categories: 1) Business Excellence Awards, and 2) Sustainability Excellence Awards.  said that SET is committed to promoting the sustainable growth of the capital market sector, boosting confidence and creating opportunities for all stakeholders, in line with "The Trusted Gateway to Inclusive Opportunities" vision. SET’s key mission priorities are to create a trusted marketplace with quality products, good governance, as well as investment opportunities and solutions, and to empower market participants in various perspectives, including the SET Awards. SET recognizes prominent companies as exemplary organizations in the capital market for their operations and quality values. This synergy, combined with the support in the capability development across all sectors of the Thai capital market, will ensure strength and drive growth towards sustainability. The SET Awards presentation has been designed to promote and uplift the standards of excellence in the Thai capital market. This year, the sustainability landscape is undergoing a transition, including SET's adoption of FTSE Russell ESG Scores for sustainability assessment, and the SEC's updated disclosure requirements in line with IFRS S1 and S2 (Form 56-1 One Report-S). In order to facilitate listed companies with sufficient time to prepare for these regulatory and assessment changes, the Sustainability Awards presentation will be paused for 2 years (2026-2027). The Supply Chain Management Awards will continue as usual. During this period, SET will review and develop new award criteria to be in line with the evolving sustainability landscape, ensuring that the Sustainability Excellence Awards reflect the quality and leadership in sustainability of the Thai capital market. The criteria will be announced in the second quarter of 2027. “This year, SET will award Certificates of Recognition to listed companies that have received the Sustainability Awards during the past 10 years all along or a decade since the first year that SET launched these awards, praising the organizations that have continuously driven tangible sustainability results,” added Asadej. Money & Banking Magazine Editor-in-Chief, Santi Viriyarangsarit, co-founder of the SET Awards and a member of the expert judging committee for this prestigious SET Awards, stated that the SET Awards are prestigious awards recognized by all sectors of the Thai capital market. This year the working committee has refined the initial screening criteria for the Best Asset Management Company Awards. In addition, the definition of Wealth clients for the Best Securities Company Awards in the Digital Wealth Service category has also been updated to better suit the current context. The SET Awards are divided into two categories: 1) Business Excellence Awards, to be presented to listed companies, top executives of listed companies, securities firms, asset management companies, financial advisory firms, and real estate investment trusts (REIT), with awards result processing carried out by Sasin School of Management (Sasin), Chulalongkorn University; and 2) Sustainability Excellence Awards, to be presented to listed companies with distinguished performance in implementing in accordance with the practice guidelines of sustainable development. In addition, the awards result processing of the Supply Chain Management Awards will be carried out by Thammasat University Research and Consultancy Institute (TU-RAC). Moreover, there is also the SET Awards of Honor to be presented to companies or individuals who have been able to continuously maintain excellence in various areas for three consecutive years or more. In the Business Excellence Awards, there are five awards that listed companies must submit supporting information for consideration: Best Investor Relations Awards, Best Innovative Company Awards, Deal of the Year Awards, Best Securities Company Awards, and Best Asset Management Company Awards-ESG. As for the Sustainability Excellence Awards, the award type that must submit the supporting information for consideration is the Supply Chain Management Awards. The award types other than these will be judged based on publicly available information. Interested individuals or parties can view the criteria and list of listed companies that have passed the initial screening at www.set.or.th/setawards. For more information about the Business Excellence Awards category, please contact the Issuer Department at tel: 0 2009 9768, and for the Sustainability Excellence Awards category, please contact the Sustainable Investment & Ecosystem Strategy Department at tel: 0 2009 9902.

Solactive is pleased to announce the latest collaboration with Global X Australia on the launch of the Global X Humanoid Robotics ETF (ASX: HMND), which tracks the Solactive Global Humanoid Robotics AUD Index. The product is designed to provide exposure to companies driving innovation in the ecosystem of humanoid robotics. Technological progress in generative artificial intelligence, machine vision, and motion control is accelerating the transition of humanoid robots from research environments toward commercial deployment. At the same time, structural labor shortages, aging populations, and growing automation demand across industries such as manufacturing, logistics, and healthcare continue to support robotics adoption. The Solactive Global Humanoid Robotics AUD Index, an Australian dollar-denominated version of the Solactive Global Humanoid Robotics Index, is designed to capture the performance of 30 companies active across the humanoid robotics value chain, including developers of humanoid and service robots, industrial and autonomous robotics, assistive and wearable robotics, and enabling technologies such as artificial intelligence and advanced robotic components. Companies are identified and ranked using ARTIS®, Solactive’s proprietary natural language processing algorithm, and must derive at least 50% of their revenues from humanoid robotics or related technologies. Constituents are weighted according to their thematic relevance ranking, with individual weights capped at 4.5%. The ETF was listed on 30 March 2026 on the Australian Securities Exchange (ASX) with the ticker code “HMND”. Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “As advances in artificial intelligence and automation continue to accelerate the development of humanoid robotics, the sector is becoming increasingly relevant globally. We are pleased to collaborate with Global X Australia to support this launch with a transparent and rules-based benchmark, including an Australian dollar-denominated version tailored to the local market.”ssible.” Alex Zaika, Chief Executive Officer at Global X ETFs Australia, said, “Humanoid robotics will be one of the defining technology stories of the coming decades.” “The Global X Humanoid Robotics ETF gives Australians a unique opportunity to invest in innovation as this sector accelerates from concept to commercial reality.” “The launch of HMND marks an important milestone as Australia’s first humanoid robotics ETF. We know that investors are increasingly seeking exposure to the structural trends transforming global industries, and humanoid robotics are poised to play a significant role in that evolution. HMND allows Australians to participate in that trajectory while supporting companies at the forefront of technological innovation.”

London Stock Exchange Group plc (LSEG) announces today that it has purchased the following number of its ordinary shares of 679/86 pence each on the London Stock Exchange from Morgan Stanley & Co. International Plc (Morgan Stanley) as part of its share buyback programme, as announced on 26 February 2026: Ordinary Shares Date of purchase: 27 March 2026 Number of ordinary shares purchased: 360,201 Highest price paid per share: 8,458.00p Lowest price paid per share: 8,228.00p Volume weighted average price per share: 8,328.67p   LSEG intends to cancel all of the purchased shares. Following the cancellation of the repurchased shares, LSEG has 498,258,749 ordinary shares of 679/86 pence each in issue (excluding treasury shares) and holds 21,451,599 of its ordinary shares of 679/86 pence each in treasury. Therefore, the total voting rights in the Company will be 498,258,749. This figure for the total number of voting rights may be used by shareholders (and others with notification obligations) as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. In accordance with Article 5(1)(b) of Market Abuse Regulation (EU) No 596/2014 (as it forms part of the law of the United Kingdom by virtue of the European Union (Withdrawal) Act 2018, as implemented, retained, amended, extended, re-enacted or otherwise given effect in the United Kingdom from 1 January 2021 and as amended or supplemented in the United Kingdom thereafter) a full breakdown of the individual trades made by the Morgan Stanley on behalf of the Company as part of the buyback programme can be found at: http://www.rns-pdf.londonstockexchange.com/rns/5219Y_1-2026-3-27.pdf This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction. Schedule of Purchases Shares purchased: 360,201 Date of purchases: 27 March 2026 Investment firm: Morgan Stanley & Co. International Plc   Aggregate Information: Venue Volume weighted average price Aggregated Volume Lowest price per share Highest price per share XLON 8,325.36p 335,768 8,228.00p 8,458.00p TRQX 8,374.16p 24,433 8,272.00p 8,458.00p

The Securities and Exchange Commission today approved an amendment to the National Market System Plan governing the Consolidated Audit Trail (“CAT”) and provided exemptive relief from certain requirements of Rule 17a-1 under the Securities Exchange Act of 1934 to allow for the implementation of various cost savings measures designed to meaningfully reduce the costs of the CAT while maintaining core regulatory functionality. “After a decade of increasing costs, today’s amendment builds on last year’s progress towards a more efficient and cost-effective CAT. It is a step in the right direction, but there are still many more steps to be taken,” said SEC Chairman Paul S. Atkins. “The Commission’s ongoing comprehensive review of the CAT will consider the sustainability of the CAT’s budget, and we expect the Plan Participants that operate the CAT and the industry to work together towards further cost savings.” “The Division supports efforts by the CAT NMS Plan Participants to control the sizeable costs of operating the CAT.  We expect these efforts to continue and look forward to additional progress,” said Jamie Selway, Director of the SEC’s Division of Trading and Markets. The amendment approved today expands on cost savings measures approved by the Commission in 2025, and will allow the Plan Participants to, among other things: (1) cease creating interim lifecycle linkages absent request by an authorized regulatory user; (2) delete certain CAT data, including all CAT data older than three years; (3) ease requirements related to the re-processing of late records; (4) cease providing certain functionality associated with the online targeted query tool; (5) cease reporting of rejected messages received by Plan Participants; (6) relax certain processing deadlines for CAT data; (7) implement a revised approach for the generation of anonymized customer identifiers; and (8) implement a spending cap provision governing future changes to the CAT. The Commission estimates that today’s amendment will result in approximately $50 million to $70 million in annual cost savings as compared to the 2025 CAT budget, and approximately $19.4 to $24.1 million in incremental additional cost savings as compared to estimated savings with the implementation of cost savings exemptive relief granted by the Commission in 2025.  Resources SEC Order

The current reports for the week of March 24, 2026 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data. Additional information on Commitments of Traders (COT) | CFTC.gov Historical Viewable Historical Compressed COT Release Schedule CFTC Public Reporting Environment (PRE) PRE User Guide PRE Frequently Asked Questions (FAQs)

In accordance with the MIAX Penny Interval Program annual review, MIAX will remove option classes in the Penny Interval Program that fall outside the 425 most actively traded multiply listed option classes on the first trading day of April.For a list of option classes that will be removed on April 1, 2026, please refer to the following Regulatory Circulars: MIAX Options RC 2026-46 MIAX Pearl Options RC 2026-46 MIAX Emerald Options RC 2026-35 MIAX Sapphire Options RC 2026-47 Please direct questions to the Regulatory Department at Regulatory@miaxglobal.com or (609) 897-7309.

Nadex will observe the following holiday schedule for the 2026 Good Friday and Easter Monday holidays: Thursday, April 2, 2026: The Exchange will observe normal business hours. Indices, Forex, and Commodity contracts listed on this day will expire pursuant to their regular schedule or as indicated in the Holiday Product Schedule Guidelines. Cryptocurrency and Industry Event - Live Presentations - NAICS 711 contracts will observe their regular schedule. Friday, April 3, 2026: Industry Event - Live Presentations - NAICS 711 will observe their regular schedule. The Exchange will list Crypto currency related products during Friday’s trade date, and they observe their regular schedule. All other non-Crypto Currency or Industry Event - Live Presentations - NAICS 711 related products will NOT be listed during Friday’s trade date. Saturday, April 4, 2026: The Exchange will observe normal business hours. Sunday, April 5, 2026: The Exchange will observe normal business hours. Monday, April 6, 2026: The Exchange will observe normal business hours. Please note, Nadex’s Market Maker Agreement identifies the following products and time periods as Illiquid Markets: All Intraday 5-Minute, Intraday 2-Hour, Daily, and Weekly, Foreign Currency Binary contracts available for trading, at times the Exchange is open, between the hours of 2:00pm ET and 3:00am ET. Additionally, in regard to the Easter Holiday markets in relation to the Foreign Currency Binary contracts, Nadex authorized Market Makers operating pursuant to a Market Maker Agreement will be relieved of their quoting obligations relating to size on trade date Monday, April 6, 2026, from 3:00am to 2:00pm ET. A Market Maker(s) that elects to quote in any Intraday 5-Minute, 2-Hour, Daily, and Weekly Currency Binary markets during this period will be required to comply with the spread obligations set forth in its Market Maker Agreement. Lastly, Nadex is extending the Illiquid Markets coverage to Cryptocurrency products for trade dates April 3, 2026, and April 6, 2026. As such, Nadex authorized Market Makers operating pursuant to a Market Maker Agreement will be relieved of their quoting obligations relating to size on trade date April 3, 2026, from 5:00pm on calendar date April 2, 2026, to 5:00pm ET on calendar date April 3, 2026, and on trade date April 6, 2026, from 6:00pm on calendar date April 5, 2026, to 5:00pm ET on calendar date April 6, 2026. A Market Maker(s) that elects to quote in any Crypto Currency markets during this period will be required to comply with the spread obligations set forth in its Market Maker Agreement. Please refer to the Holiday Product Schedule Guidelines for specific product trading hours. Should you have any questions or require further information, please contact the Compliance Department.

John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, is to continue as Chair of the Bank for International Settlements' Markets Committee. Mr Williams was first appointed for a three-year term in January 2023. At their recent meeting at the Bank for International Settlements in Basel, the central bank Governors of the Global Economy Meeting (GEM) announced that John C. Williams, President and Chief Executive Officer of the Federal Reserve Bank of New York, has been appointed to a second three-year term as Chair of the Markets Committee. Mr Williams was first appointed in January 2023 to succeed Jacqueline Loh, Deputy Managing Director of the Monetary Authority of Singapore (MAS). The Markets Committee is a forum in which central bank officials discuss current market conditions, market functioning and central bank operations. Comprising senior officials from 27 central banks, it was established in 1962 and is the longest-standing BIS committee.

Euronext today announced that it has filed its 2025 Universal Registration Document, prepared in ESEF format (European Single Electronic Format), including the 2025 Annual Financial Statements and Directors’ Report to the Stichting Autoriteit Financiële Markten (the “AFM”), on 27 March 2026, as competent authority under Regulation (EU) 2017/1129. The 2025 Universal Registration Document has been filed in English and is available in ESEF format on Euronext’s website at: https://www.euronext.com/en/investor-relations/financial-information/financial-reports Printed copies of the official version filed to the AFM in ESEF format are available at the registered office of Euronext N.V.: Beursplein 5 1012 JW Amsterdam The Netherlands.

A total turnover of 3.950 billion shares worth ₦201.312 billion in 359,642 deals was traded this week by investors on the floor of the Exchange, in contrast to a total of 8.761 billion shares valued at ₦267.253 billion that exchanged hands last week in 193,473 deals. Click here for full details.

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is postponing the rollout of the new solution for Commodity Derivatives Weekly Position Reporting, originally scheduled for 1 April 2026. The decision follows the identification of issues during the final testing phase, which require further corrective actions to ensure system stability and data quality.  A revised go live date will be communicated once the necessary fixes have been fully implemented and validated. Until then, stakeholders should continue using the current version.  ESMA appreciates the cooperation and understanding of all reporting entities during this process.

The European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published their spring 2026 Joint Committee update on risks and vulnerabilities in the EU financial system. The update focuses on the challenges arising from ongoing geopolitical tensions and developments in private finance. Geopolitical tensions continue to pose significant risks The ESAs warn that ongoing geopolitical tensions, namely the war in the Middle East, pose significant risks to the global financial landscape through higher energy prices, potential inflationary pressures and weaker economic growth. The ESAs had previously warned about the risks of sudden repricing and liquidity reductions at times of elevated equity market valuations and compressed spreads in bond markets. Such developments can exacerbate market vulnerabilities, triggering volatility and revaluations. Higher interest rates may further tighten funding conditions and affect asset quality. Tensions around the Strait of Hormuz and airspace closures raise multi-line risk, although war exclusions are expected to limit net losses for insurers. More broadly, geopolitical events and cyber-attacks could generate shocks and disruptions to critical infrastructures.  - Risks linked to private finance The update also highlights emerging risks in private finance driven by limited data, low transparency, prolonged growth and complex, opaque interconnections with the broader financial system. These factors increase the potential for sudden market shifts in investor liquidity and spillovers to other parts of the financial system.  Recent developments in certain US private credit funds, linked to AI replacing more traditional software businesses, illustrate potential vulnerabilities related to changes in investor sentiment.  EU financial sector remains resilient overall Despite the challenging geopolitical environment, European financial markets have continued to demonstrate resilience. The insurance and Institutions for Occupational Retirement Provision (IORP) sectors maintain robust capital and funding positions.  In the banking sector, capital ratios remain high, while liquidity positions and asset quality are solid. Direct exposures to countries most affected by the war remain limited. Supervisors and market participants to maintain vigilance Given the ongoing geopolitical tensions, the Joint Committee of the ESAs calls on supervisors and market participants to maintain a high level of readiness. This includes proactive risk assessments with appropriate tools, the prudent management of sovereign exposures and the inclusion of geopolitical context in risk management. Possible indirect effects stemming from energy prices and exposures to highly affected sectors should also be closely monitored.   Financial institutions, authorities and investors are also encouraged to closely monitor and manage risks associated with private markets, considering limited transparency, rising exposures, and potential shifts in risk profiles, linked to the upcoming Solvency II 2027 changes. Related Documents DateReferenceTitleDownloadSelect 27/03/2026 JC 2026 06 Joint Committee Update on Risks and Vulnerabilities in the EU Financial System – Spring 2026

This notice informs the market that the LME has carried out a review (the “Review”) of the third-party assurance reports (the “Reports”) of information barriers between Warehouse Companies and Trading Companies for the period 1 January 2024 to 31 December 2024 (the “Relevant Period”). The Review did not identify any issues of general concern for the market. Download notice

From March 30 to 31, 2026, we will be updating the Securities (UAT_GATEWAY) and FX (UATCUR_GATEWAY) markets T0 dedicated test environment. Test trading system could be temporarily unavailable during that period. All trades concluded on that day in the test trading system will be reset. Please note that we do not guarantee the regular delivery of the end-of-day trading and clearing reports during the first days after the scheduled server maintenance. Additionally, please be aware that due to the maintenance, the following services will be unavailable in the test environment: Creation of new IDs, opening of new accounts and client codes, depositing funds and taking positions. Read more on the Moscow Exchange: https://www.moex.com/n98812