金融监管新动向与风险展望：全球视野

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The financial services industry is facing significant regulatory changes driven by geopolitical tensions, economic pressures, and the rapid evolution of technology, particularly in areas like artificial intelligence and digital assets [6][21][22]. - Regulatory bodies are under pressure to balance economic growth with the need for robust risk management and governance frameworks, leading to a trend towards regulatory simplification rather than outright deregulation [9][19]. - The fragmentation of global regulatory standards is becoming more pronounced, with different jurisdictions adopting varying approaches to regulation, particularly in the context of digital assets and sustainability [9][22][36]. Summary by Sections Global Overview - Financial markets experienced turbulence in early 2025 but stabilized later in the year, although underlying risks remain [6]. - Regulatory agencies are tasked with simplifying rules while monitoring emerging risks that could have systemic implications [6][9]. Regulatory Evolution - The adoption of artificial intelligence in financial services is accelerating, with 71% of CEOs identifying it as a primary investment focus, up from 53% in 2024 [12]. - Regulatory frameworks for digital assets are being established, with various jurisdictions developing their own guidelines, leading to a patchwork of regulations [9][36]. AI and Innovation - AI is expected to enhance the quality and inclusiveness of financial services, but it also presents challenges such as bias, opacity, and governance gaps [14][18]. - Regulatory sandboxes are being expanded to allow for the testing of AI solutions in a controlled environment, fostering innovation while managing risks [16][17]. Regional Focus: Europe and UK - The EU and UK are focusing on simplifying existing regulations rather than deregulating, with an emphasis on maintaining financial and operational resilience [22][23]. - The UK and EU are also addressing retail investment development, with the EU formulating a retail investment strategy and the UK implementing targeted support measures [9][19]. Regional Focus: US - The new US administration has issued over 200 executive orders focusing on cybersecurity, financial resilience, and digital finance leadership, indicating a shift in regulatory priorities [32][33]. - There is a trend towards customizing regulations for smaller institutions while potentially easing requirements for larger banks [34]. Regional Focus: Asia-Pacific - The Asia-Pacific region is characterized by diverse regulatory requirements, with a focus on prudential regulation, behavioral regulation, and the integration of digital assets [40][41]. - Regulatory bodies are enhancing scrutiny on cybersecurity and operational resilience, particularly for firms involved in digital asset ecosystems [42][43].