International

AI Training Compliance Guidance Post-SRB Ruling

This guidance analyzes the impact of the EU Court of Justice's Single Resolution Board ruling on AI training compliance for engineers. It outlines two pathways for compliance, emphasizing engineering choices in defining identifiability and data protection.

Maine Privacy Bill Advances, Oregon AI Chatbot Bill Clears Legislature

Maine's legislature has advanced a comprehensive privacy bill, the Maine Online Data Privacy Act, through both chambers. Oregon's Senate Bill 1546, an AI chatbot safety bill, has also cleared its state legislature and is heading to the governor. Both bills represent significant state-level regulatory developments.

US House Committee Advances KIDS Act and Other Online Safety Bills

The U.S. House Committee on Energy and Commerce advanced the KIDS Act, Sammy's Law, and the App Store Accountability Act to a full House vote. These bills aim to enhance children's online safety by addressing issues like dangerous content, age verification, and app store policies.

EU AI Act Omnibus: New Compliance Deadlines and Deepfake Ban

Members of the European Parliament have reached a preliminary agreement on amendments to the EU AI Act, including extended compliance deadlines for high-risk systems and a ban on non-consensual deepfakes. The agreement aims to provide legal certainty and allow more time for technical standards and guidance development.

South Korea Overhauls PIPA with 10% Turnover Fines and CEO Accountability

South Korea has significantly amended its Personal Information Protection Act (PIPA), introducing fines up to 10% of total turnover and assigning direct supervisory liability to CEOs. These changes, effective September 11, 2026, aim to strengthen deterrence and promote proactive data protection investment.

ISO 20022: AI for Structured Postal Data Transition

SWIFT is providing an open-source AI solution to help financial institutions transition from unstructured to structured postal data for ISO 20022 payment messages. This is a mandatory change required by November 2026 to avoid message rejection and ensure data integrity for AML efforts.

ISO 20022 Payments Standard Deadline Approaching

SWIFT has issued a notice reminding financial institutions that the ISO 20022 standard for cross-border payments will become mandatory on November 22, 2025, ending the coexistence period with older MT formats. Institutions must complete their migration and testing to avoid disruptions and potential charges.

ISO 20022 Becomes Standard for Cross-Border Payments

As of November 22, 2025, ISO 20022 is the mandatory standard for cross-border payments, replacing the MT message format. This change aims to enhance efficiency, data richness, and compliance for financial institutions worldwide, supporting G20 goals for international payments.

ISDA: Safe, Efficient Markets for SFTs

The International Swaps and Derivatives Association (ISDA) has published a paper outlining structural and regulatory drivers impacting Securities Financing Transactions (SFTs). The paper identifies advocacy priorities to support resilient SFT markets and addresses differences in frameworks for SFTs and derivatives.

ISDA and EMTA Publish 2026 FX Definitions for Derivatives

ISDA and EMTA have published the 2026 FX Definitions, consolidating previous documentation and updating market practices for FX derivatives. The new definitions aim to enhance market safety and efficiency, with an implementation target of November 2027.