The Horizon Scan

Weekly risk intelligence
for those who lead.

Published every Monday at 06:00 UTC. A curated synthesis of the week's most significant regulatory signals, enforcement actions, and emerging risk themes — written for CROs, risk committees, and compliance executives at financial institutions.

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47 editions published
Every Monday · 06:00 UTC

What You Receive

Weekly Horizon Scan

Every Monday · 06:00 UTC

The flagship briefing. A curated synthesis of the week's most significant regulatory signals, enforcement actions, and emerging risk themes — written for risk executives.

Signal Highlights

Top 5 by materiality score

The five highest-materiality signals from the weekly scan, each with analyst commentary, time-to-materialisation assessment, and linked scenario context.

Regulatory Digest

Jurisdiction-grouped

Jurisdiction-by-jurisdiction regulatory update covering speeches, consultations, enforcement actions, and supervisory guidance issued in the prior week.

Sample Edition

Issue 47 · 6 Jan 2026

The Horizon Scan — Issue 47

Week of 6 January 2026 · 14 signals · 9 jurisdictions

Verified

Lead Intelligence

This week's monitoring cycle captured an accelerated pattern of supervisory signalling across operational resilience and AI model risk governance. Three themes dominate the horizon: the convergence of model risk expectations across the PRA and ECB; continued APRA pressure on cloud concentration within ADI outsourcing structures; and a widening enforcement posture in MAS digital asset supervision.

The PRA's Dear CEO letter, issued Tuesday, represents the most prescriptive articulation yet of UK model risk expectations for AI-driven decisioning — and sets a precedent that peer regulators are expected to mirror within two quarters. Institutions with material AI exposure in credit and stress-testing models should treat this as an immediate-horizon signal.

This Week's Signals

HIGH·Supervisory Guidance
PRA

PRA Issues Dear CEO Letter — AI Model Risk Governance Expectations

Immediate
ELEVATED·Thematic Review
APRA

APRA Heightens Operational Resilience Expectations Across ADIs

Near Term
ELEVATED·Enforcement Action
ECB

ECB Thematic Review: Material Gaps in Liquidity Stress Scenario Coverage

Medium Term
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+11 more signals available to subscribers — including 2 Critical, 4 High severity

Jurisdictions covered

APRAPRAFCAECBMASOSFIBISBCBSIOSCO

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Archive

47 editions
#47

AI Model Governance Convergence — PRA, ECB Signals Align on Binding Expectations

6 Jan 2026·14 signals
PRAECBMAS
#46

APRA CPS 230 First Enforcement Action; MAS Digital Asset Framework Finalised

30 Dec 2025·11 signals
APRAMASBIS
Subscribers
#45

Year-End Review — 2025's Ten Most Material Regulatory Signals

23 Dec 2025·18 signals
APRAPRAFCA
Subscribers
#44

FCA Consumer Duty Post-Implementation Review: Systemic Data Adequacy Gaps

16 Dec 2025·9 signals
FCAPRA
Subscribers
#43

BCBS Consultation on Cryptoasset Exposures — Implications for Capital Frameworks

9 Dec 2025·12 signals
BCBSEBAOCC
Subscribers

Full archive available to subscribers — 47 editions from January 2025.