This week’s financial industry news highlights continued regulatory activity across enforcement, compliance, technology risk, and market reform:

• The SEC launched a new unit focused on financial reporting and accounting fraud
• FINRA imposed a $20 million penalty for anti-money laundering failures
• EU regulators warned that frontier AI models may create heightened cyber and operational risks for financial firms
• the UK FCA moved to streamline IPO rules by eliminating certain requirements related to unconnected analyst research

Read the full update from FiSolve here.