On 3 August 2026 the CSSF published a dedicated material-operations webpage explaining the prior-notification and assessment framework for Luxembourg credit institutions and in-scope financial holding companies and mixed financial holding companies. The page follows the Law of 5 May 2026, which amended the Law of 5 April 1993 on the financial sector to transpose CRD…
On 3 August 2026 the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority, acting together as the ESAs, sent the European Commission a final report and a set of draft regulatory technical standards that rewrite one paragraph of the EMIR bilateral margin requirements. The paragraph is…
On 29 January 2026 the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint consultation on a small but consequential part of the Hong Kong OTC clearing rules: the calculation periods that decide when a firm is caught by the mandatory clearing obligation. The regulators proposed to stop adding…
Japan’s Financial Services Agency published its Report on the Monitoring and Analysis of Deposit-Taking Financial Institutions on 31 July 2026. It sets out where the FSA spent its prudential supervision effort across Business Year (BY) 2025, the window from July 2025 to June 2026, and it identifies seven areas covered in the report without ranking…
Japan’s Financial Services Agency published its Analytical Report on IT Resilience in the Financial Sector on 30 July 2026, and the framing in the executive summary is blunt: the management of financial institutions needs to recognise IT risk and cyber risk as top management priorities. The Japan FSA IT resilience report carries no template and…
On 24 July 2026, Japan’s Financial Services Agency (FSA) published the English executive summary of its Progress Report 2026 for Advancing Asset Management Services in Japan. For firms providing the services discussed in Japan, the report is an official source on the FSA’s 2025 administrative-year monitoring findings and stated follow-up priorities. It identifies an industry-level…
Authorised Swedish authorities may query one platform for account and safe-deposit-box information where the purposes and conditions in sections 3 or 3a are met. That platform is the konto- och värdefackssystem, the account and safe-deposit box system that Skatteverket has run since 2020 and that its own developer pages call Mekanismen. The obligation to feed…
On 23 February 2026 ESMA opened a consultation (paper reference ESMA91-1505572268-4513) on the draft regulatory technical standards that set the conditions for using guarantees as CCP collateral at an EU central counterparty. The consultation closed on 30 April 2026. The subject is narrow on paper and wide in practice: the draft RTS amends Commission Delegated…
Canada’s anti-money laundering regime draws one line for correspondent banking that leaves no room for a risk-based judgment call. Under subsection 9.4(2) of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, no person or entity may have a correspondent banking relationship with a shell bank. FINTRAC’s correspondent banking guidance explains the pre-entry, record-keeping…
On 17 June 2026, MONEYVAL published its third enhanced follow-up report on Bulgaria, and the headline is clear: Bulgaria is now rated compliant or largely compliant on all 40 FATF Recommendations, and no further reporting is required under MONEYVAL’s fifth-round evaluation. For anyone who runs country-risk models or approves correspondent relationships, the MONEYVAL Bulgaria AML…