The IRSG has launched its new Global Regulatory Coherence Dashboard to assess the level of alignment and divergence in international financial regulation.
According to Finextra, the new dashboard was developed in response to growing regulatory fragmentation across global markets, particularly in emerging sectors such as digital assets and artificial intelligence (AI). This fragmentation presents increasing challenges for cross-border financial services, driving up compliance costs and undermining market efficiency.
The IRSG, supported by industry leaders from financial and professional services, plays a key role in shaping international policy and regulatory frameworks. The group works closely with government and standard setters to advocate for proportionate, coherent, and internationally competitive regulation.
The Global Regulatory Coherence Dashboard aims to provide policymakers, regulators, and industry stakeholders with an overview of how aligned or fragmented financial regulations are across key policy areas. By doing so, it identifies where the UK can continue to lead on promoting international standards, as well as areas requiring closer cooperation or reform.
Among the topics highlighted in the dashboard are sustainable finance, operational resilience, digital assets, AI, and data governance. The findings stress the importance of international collaboration in emerging areas such as distributed ledger technology (DLT), stablecoin regulation, and the cross-border governance of AI systems. It also underscores the need for greater interoperability in operational resilience frameworks and the continued development of mutual recognition agreements for data flows.
The IRSG emphasised that sustainable finance represents one of the most promising areas for regulatory alignment, with the International Sustainability Standard Board’s (ISSB) disclosure standards offering a global foundation for transparency and comparability. The dashboard further recommends that the UK take a leadership role in supporting the consistent adoption of these standards.
Farmida Bi, chair of the IRSG Council, said, “As global financial markets become increasingly interconnected, regulatory coherence is ever more important for stability, efficiency, and innovation. Having a clear picture of the global landscape not only highlights the UK’s leadership in shaping international standards, but also areas where there is urgent need for collaborative solutions, such as sustainable finance and digital assets. By working with global standard setters and embracing innovative approaches, the UK can continue to ensure it remains open, competitive, and resilient in a rapidly evolving landscape.”
Ultimately, the dashboard aims to encourage dialogue and inform decision-making among governments, regulators, and industry participants to address fragmentation and support a stable, competitive global financial ecosystem.
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