2022 Look Back | 2023 Look Ahead

On September 30, 2026, the Securities and Exchange Commission (SEC) issued two rule proposals and five notices aimed at expanding investors’ access to private markets. The package would add ways to qualify as an accredited investor, including passing a new exam administered by the Financial Industry Regulatory Authority (FINRA), broaden performance-based compensation and modernize regulated funds, including interval funds and business development companies (BDCs).

The SEC has approved new NYSE and NYSE American listing rules establishing a $0.25 minimum trading price, effective July 1, 2027. A single closing price below this threshold triggers immediate trading suspension and delisting proceedings with no cure period. Companies trading at low share prices must act now during the transition period to implement reverse stock splits and establish monitoring procedures before this hard floor takes effect.

As AI infrastructure spending surges toward $697 billion in 2026, hyperscalers and compute providers are increasingly turning to debt, structured financing, and GPU-backed collateral to fund expansion. While demand projections remain bullish, a critical timing gap is emerging between capital deployment and cash flow generation, creating significant risks for lenders, sponsors, and operators across the ecosystem.

The SEC has issued a groundbreaking Innovation Exemption allowing tokenized securities venues to facilitate trading of tokenized NMS stocks using automated market makers and liquidity pools. This temporary five-year exemption from exchange and dealer registration requirements establishes conditions for permissioned blockchain-based trading while granting public companies a 30-day window to object to third-party tokenization of their securities.

The U.S. Securities and Exchange Commission has proposed Regulation Crypto Assets, introducing two new exemptions from registration requirements and a safe harbor provision for investment contracts involving crypto assets. How will these tailored frameworks—the Startup Exemption for offerings up to $5M and the Fundraising Exemption for larger capital raises—reshape the regulatory landscape for digital asset issuers while preserving investor protections?

The SEC and CFTC have issued coordinated regulatory relief measures that significantly advance crypto-based trading infrastructure in US markets, bypassing Congressional gridlock on the CLARITY Act. These orders establish new frameworks for tokenized securities venues and passive software providers, potentially reshaping how digital assets are traded and accessed in regulated markets.

Moore & Van Allen's Derivatives & Trading team provides comprehensive analysis of recent CFTC and SEC enforcement actions, proposed regulations on crypto assets...

On March 19, 2026, the federal banking agencies issued a package of proposed changes to the regulatory capital requirements for banking institutions of all sizes, from the largest GSIBs and super-regional banks to community banks (the “Proposed Rules”). This package of proposals is a second full attempt at implementing the 2017 “Basel III Endgame” international framework—following the agencies’ initial package of proposals in July 2023 (the “2023 NPR”)—to better reflect credit, trading and operational risk in the calculation of minimum regulatory capital ratios.

The Health Resources and Services Administration has announced a revised 340B Rebate Model Pilot Program for drugs subject to Medicare's Maximum Fair Price, expanding eligibility to manufacturers with selected drugs for 2026 and 2027. The program introduces new data requirements, dispute resolution mechanisms, and stricter compliance monitoring while addressing stakeholder concerns about administrative burden and program integrity.

On May 29, 2026, the Commodity Futures Trading Commission (CFTC) took a series of coordinated actions to establish a domestic regulatory framework for perpetual contracts on digital commodities.

This collection of insights from Ankura explores critical challenges facing multiple industries in 2026, from cybersecurity threats targeting AI assistants to the evolving landscape of freight capacity, cryptocurrency enforcement, and healthcare compliance. The articles examine how organizations navigate regulatory complexity, operational constraints, and emerging risks across financial services, logistics, healthcare, and technology sectors.

In the wake of Russia's invasion of Ukraine in February 2022, a broad and unprecedented range of sanctions were imposed on Russia by various countries and international bodies to target the Russian...

Independent special committee investigations are gaining prominence in bankruptcy and restructuring as stakeholders demand greater transparency and accountability. Organizations are leveraging AI and data analytics to transform business intelligence into actionable decision intelligence, while navigating complex regulatory landscapes from stablecoin certification to third-party distribution risks.

Challenger banks have achieved a great deal of success since they burst on the scene in a big way a decade or so ago to vie with traditional retail banks for a share of the market.

This collection showcases Ankura's latest insights spanning cryptocurrency enforcement, parcel shipping costs, sanctions compliance, cybersecurity threats, mortgage industry dynamics, healthcare labor challenges, AI governance in financial services, and business transformation strategies. Each piece examines critical operational and regulatory challenges facing organizations across multiple sectors, offering strategic perspectives on navigating complex business environments.

From AI-driven phishing toolkits and hidden malware in trusted software to the operational realities of cyber incident response, this collection examines the evolving threat landscape facing organizations today.

Explore critical insights on healthcare compliance, cryptocurrency regulation, supply chain risk, sanctions enforcement, and cybersecurity threats. Discover how operational models, regulatory frameworks...

Ankura's latest insights explore how organizations can transform data and analytics investments into actionable business value through decision intelligence, while addressing critical challenges in AI workforce readiness, cybersecurity threats, and regulatory compliance across multiple industries. The collection examines emerging opportunities in stablecoin regulation, healthcare data optimization, and procurement efficiency.

A senior partner at a global law firm is sitting with a forensic team, discussing a high-stakes investigation. There are millions of documents to review, timelines are tight, and regulatory pressure is building.

Ankura's latest insights explore critical developments across cybersecurity, supply chain disruption, healthcare compliance, and financial crime enforcement. From AI-driven malware threats and tariff-induced supply chain reconfigurations to evolving cryptocurrency sanctions enforcement and clinical trial participant support regulations, these analyses examine how organizations navigate operational, regulatory, and strategic challenges in an increasingly complex risk landscape.