In their Autumn 2025 Joint Committee Report, the European Supervisory Authorities (the EBA, EIOPA and ESMA) describe a financial sector that remains resilient on paper, yet increasingly exposed to forces beyond its control. The warning is not about a brewing crisis so much as a reminder that shocks are arriving faster and hitting harder, from trade wars to cyber strikes.
When the EU’s landmark Markets in Crypto-Assets Regulation (MiCA) took effect at the end of 2024, it was meant to bring order and credibility to a sector long defined by volatility and uneven rules. Less than a year later, three of Europe’s top financial watchdogs are warning that the job is far from finished.
EY’s latest Global Risk Transformation Study draws a sharp line between organizations merely enduring volatility and those converting it into strategic momentum. In today’s NAVI world (nonlinear, accelerated, volatile, interconnected) the margin between thriving and stumbling is defined not by luck, but by leadership mindset and structural alignment.
Corporate attention to risk has never been higher, but preparedness has not kept pace. EY’s 2025 Global Risk Transformation Study reveals that while earnings calls are increasingly filled with references to today’s unpredictable climate, 73% of organizations admit they lack preparations to manage it.
The European Securities and Markets Authority (ESMA) has issued a warning in its latest risk monitoring report, showing that geopolitical tensions, cyber threats, and volatile investor sentiment are combining to keep risks in EU financial markets at high or very high levels. The findings, published in ESMA’s second risk report of 2025, point to vulnerabilities across equities, bonds, crypto-assets, and the wider financial infrastructure.
Australia’s prudential regulator is warning that while financial stability has long been the bedrock of the nation’s prosperity, it cannot be taken for granted in a world increasingly defined by conflict, technological disruption, and mounting cyber threats. Addressing the RMA CRO Conference in Sydney on Thursday, APRA Executive Director of Cross-Industry Risk Chris Gower sketched out a landscape fraught with “severe but plausible” risks, while also pledging to pare back regulatory burdens that risk stifling competition and growth.
The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing updated Guidelines on Liquidity Risk Management for banks, merchant banks, and finance companies in Singapore. The move marks the first major revision since 2013, reflecting lessons learned from supervisory reviews and recent global banking turmoil.