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ARTICLE · 04 NOVEMBER 2026

FinTech Global FS Regulatory Round-up - W/e 9 October 2026

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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The Bank for International Settlements examines artificial intelligence's dual role in climate action, revealing how AI simultaneously drives innovation in climate mitigation while demanding substantial computational resources that increase electricity consumption and emissions. This comprehensive analysis explores two contrasting scenarios—gradual AI adoption versus transformative artificial general intelligence—and their implications for central banks navigating the complex balance between tec

GlobalStrategy
Chris Ninan
Chris Ninan
Jon Ford
Jon Ford
Cat Dankos
Cat Dankos
Michael Tan
Michael Tan
Rashid Ahmed
Rashid Ahmed
Oliver Hoong
Oliver Hoong
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In this edition we round up FinTech-related financial services regulatory developments for the week ending 9 October 2026.

ICYMI

Global

BIS paper: AI and climate change – balancing innovation and sustainability

The Bank for International Settlements (BIS) has published a paper examining AI’s direct environmental footprint, its contribution to climate mitigation and adaptation, and rebound effects arising from lower costs, higher productivity and wider adoption.

The paper finds that while AI can improve energy efficiency, optimise resource use, accelerate climate innovation and strengthen climate risk management, its development and deployment also require substantial computational resources, increasing electricity demand and, depending on the carbon intensity of electricity use, associated emissions. The paper considers two stylised scenarios: an ‘AI

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