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ARTICLE · 29 JANUARY 2026

Global FSR Outlook 2026: The Human Element

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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Technology and automation continue to be transformative, but our analysis shows individual decision-makers remain central to the future of financial services.

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Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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The 2020s have been unusual from the get-go, with a global pandemic at the start of a decade which so far has been marked by unprecedented geopolitical uncertainty and technological advances.

By the midpoint of the decade, we were 'learning to live with' the uncertainty and instability – in our Global FSR Outlook 2025, we considered the gamut of challenges facing the industry over the coming years and discussed potential industry and regulatory responses.

From our vantage point at the turn of the year, we can see that the topics in our 2025 Outlook remain very much part of the current landscape. We did a stock take at the end of 2025, highlighting where our predictions for the year had rung true and cataloguing some of the developments which had occurred. Our global FSR practice will continue to comment on those topics – including changing regulatory approaches and new technologies (and many more) – throughout 2026 and beyond.

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