Global Trustee and Fiduciary Services Bite-Sized Issue 4 2026

7 QUICK LINKS CMU CONDUCT CRYPTO ASSETS EMIR FINTECH FUND LIQUIDITY IOSCO OPERATIONAL RESILIENCE SUSTAINABLE FINANCE/ESG T+1 ASIA EUROPE LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 4 | 2026 Central Bank of Ireland Launches Discussion Paper on Tokenisation and Distributed Ledger Technology in Financial Services On 5 March 2026, the Central Bank of Ireland (CBI) published Discussion Paper 12, examining the potential role of Distributed Ledger Technology (DLT) and tokenisation in the financial system. The Discussion Paper aims to: • Increase the CBI’s understanding of DLT and its potential to transform the underlying infrastructure of finance and create new innovative financial services; • Assess the opportunities, challenges, enablers (including legal and regulatory clarity, operational resilience and scalability, and interoperability) and risks arising from these technological innovations; • Examine how DLT and tokenisation interact and intersect with existing financial infrastructures, intermediaries and product offerings; and • Ensure that the use of DLT and tokenisation in financial services deliver the benefits of efficiency, transparency, and accessibility for the welfare of society as a whole. Submissions on the Discussion Paper are invited by 5 June 2026 . The CBI intends to publish a feedback statement following the consultation period. Link to Discussion Paper 12 here Hong Kong Regulators Launch GenA.I. Sandbox++ to Foster A.I. Innovation Across Financial Services On 5March 2026, the Hong KongMonetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced the launch of the Generative Artificial Intelligence (GenA.I.) Sandbox++ initiative. The regulators said that, building on the success of the GenA.I. Sandbox initiative launched in 2024, they jointly expand the GenA.I. Sandbox++ to cover multiple financial sectors including banking, securities and capital markets, asset and wealth management, insurance, mandatory provident fund (MPF) and stored value facilities. The regulators said the initiative maintains its focus on three high-impact areas — risk management, anti-fraud, and customer experience —while continuing to advance “A.I. vs. A.I.” strategies by leveraging A.I. to manage the risks associated with A.I. adoption. It’s explained that participating financial institutions will receive targeted supervisory guidance, technical support, and complimentary access to graphics processing unit (GPU) computing resources at Cyberport’s A.I. Supercomputing Centre, enabling them to develop, pilot, and refine their use cases in a risk-controlled environment, thereby accelerating responsible A.I. adoption across Hong Kong’s financial ecosystem. By fostering collaboration among regulators, financial institutions, and technology firms, the initiative aims to spark new ideas and cultivate deeper cross-sector and cross-boundary partnerships. Link to Full Announcement here