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Regulatory Watch News

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  G7 Cyber Expert Group Releases Roadmap for Coordinating the Transition to Post-Quantum Cryptography in the Financial Sector

  US Department of the Treasury

  January 12, 2026

  The G7 Cyber Expert Group (CEG) - chaired by the U.S. Department of the Treasury and the Bank of England - released a public statement today advising financial entities, authorities and suppliers of key considerations and potential activities for transitioning to quantum-resilient technology in a coordinated and timely way.

  Quantum computers have the potential to revolutionize the financial sector, unlocking significant new capabilities and opportunities for organizations. This is not without risk however – sufficiently advanced quantum computers have the potential to break widely used cryptographic protocols that protect our systems and data.

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  Scam alert related to banks

  HKMA

  January 12, 2026

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA. Hyperlinks to the press releases are available on the HKMA website.  

  Bank	Type of Scam
  The Bank of East Asia, Limited	Fraudulent websites and internet banking login screens
  Shanghai Commercial Bank Limited	Fraudulent website and internet banking login screen
  Chong Hing Bank Limited	Fraudulent website and internet banking login screen
  Chiyu Banking Corporation Limited	Fraudulent websites and internet banking login screens
  The Hongkong and Shanghai Banking Corporation Limited	Fraudulent website and internet banking login screen
  DBS Bank (Hong Kong) Limited	Fraudulent website

   

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  Croatia: Council of Europe’s GRECO issues report evaluating progress in anti-corruption measures regarding the government and the police

  GRECO

  January 12, 2026

  In a follow-up report published today, the Group of States against Corruption (GRECO) of the Council of Europe calls on Croatia to step up its efforts to fully implement the recommendations issued to the country to promote integrity and prevent corruption among top executive functions of the central government and the police. GRECO concludes that Croatia has fully implemented 11 of the 17 recommendations contained in the Fifth Round Evaluation Report, adopted in 2019, and partially implemented six recommendations.