On 17 September 2025 the Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Singapore (MAS) announced that they had exchanged a Memorandum of Understanding on banking supervisory cooperation. The two authorities describe the HKMA-MAS banking supervision MoU as strengthening supervisory cooperation and facilitating the exchange of information and mutual assistance for supervisory purposes,…
On 28 October 2025 the Hong Kong Monetary Authority published the e-HKD Pilot Programme Phase 2 Report and, with it, drew a line under three years of retail testing. The report sets out the HKMA’s latest policy stance on Hong Kong’s central bank digital currency: the immediate priority for the e-HKD sits in wholesale settlement…
On 8 September 2026, the Canadian Depository for Securities (CDS) begins the first, dry-run stage of the fail fee framework for Government of Canada (GoC) securities. During this stage, CDS calculates indicative 50 basis point fees for chargeable seller-side DvP fails in GoC bills, nominal bonds, real return bonds and strips. CIMPA and CDS, on…
In August 2026 the European Central Bank issued a new edition of Volume III of its Legal Framework for Banking Supervision, the digital compilation that gathers the internal-organisation rules of the Single Supervisory Mechanism. Volume III is the part supervised banks meet when they interact with the ECB itself: it holds the rules of procedure…
On 14 August 2026 ESMA confirmed that the reworked weekly commodity derivatives position reporting framework goes live on 3 September 2026. From that date, an investment firm or market operator operating an EU trading venue whose relevant contract is subject to the Article 58 weekly-reporting obligation must submit the weekly report to ESMA using the…
The CBAM definitive period has applied since 1 January 2026. It applies to goods listed in Annex I to Regulation (EU) 2023/956 that originate in a third country and are imported into the Union, subject to the Regulation’s scope exclusions and exemptions, including the Article 2a de minimis exemption for the four mass-based sectors. Electricity…
On 12 August 2026, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) answered media enquiries about the preferential tax regime for carried interest and used the reply to draw a boundary. Under the current Schedule 16D, the 0 per cent profits tax concession applies to eligible carried interest received by a qualifying person from…
Norges Bank’s Monetary Policy and Financial Stability Committee decided on 12 August 2026 to keep Norway’s countercyclical capital buffer rate unchanged at 2.5%, a decision the bank published on 13 August 2026. The Committee reached it unanimously. For a reporting officer the headline is that nothing in the number moves, but the calendar behind it…
11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…
On 12 August 2026, FINMA published two sanctions notifications on the same day: one on Switzerland’s Ukraine ordinance (SR 946.231.176.72) and one on its Moldova ordinance (SR 946.231.156.5). Both notices concern EAER amendments made on 10 August 2026. SECO and Fedlex state that the measures entered into force at 23:00 on 11 August 2026. The…