Equities surveillance is increasingly shaped by how trading intent translates into economic exposure across instruments and time, rather than individually monitoring trade by trade. In 2026, market abuse risk is less about isolated trades and orders and more about patterns that emerge across client activity and across related movements in correlated instruments. Supervisors have always focused on outcomes, but are more explicit in expecting firms to evidence surveillance effectiveness across client flows, execution models, cross-venue and cross-product activity, rather than relying purely on individual instance alerting on a single security. Against this backdrop, panelists will examine the standards equities surveillance must meet in 2026 and beyond, including the challenge of detecting abusive behaviour dispersed across products and venues. They will explore the role of technology and how firms are balancing cost pressures with the need for more holistic, integrated equities coverage in a fragmented market.

In this fireside‑chat style session, senior leaders from BNY will reflect on their multi‑year effort to consolidate surveillance operations across regions, asset classes and legacy systems. They will share insights into the organisational drivers behind consolidation, the steps taken to strengthen model validation and governance, and how they approached the complexities of integrating global teams and processes. This discussion offers a practical look at how a large, diversified financial institution navigated the challenges of modernising and unifying its surveillance framework.

Global markets are evolving rapidly, shaped by technological innovation, new asset classes, and shifting capital flows. Regulators are adapting their approaches to supervision, enforcement, and market oversight to address these changes while maintaining confidence in the financial system. This session will bring together senior regulators to discuss how regulatory priorities are evolving across traditional markets, digital assets, and private markets, and how firms should think about compliance in an increasingly complex environment. The discussion will also explore the role of cross-border coordination, how regulatory priorities are shifting, and the broader philosophies shaping how regulators approach market oversight in an era of rapid change.