On 22 October 2026 the Prudential Regulation Authority published CP14/26, its SM&CR Phase 2 consultation, and the Financial Conduct Authority published its companion paper CP26/37 the same day. The PRA proposes to remove regulatory pre-approval for almost half of the current Senior Manager Functions (SMFs), to drop the requirements to assess, certify and seek regulatory…
Millionenkredit reporting under section 14 of the German Banking Act (Kreditwesengesetz, KWG) has a fixed end date. Article 36 of the Standortfoerdergesetz (StoFoeG) of 4 February 2026 deletes section 14 KWG with effect from 30 December 2026, and the Deutsche Bundesbank’s notice of 5 October 2026 to the firms in the procedure describes the notification…
On 14 October 2026 the Financial Stability Board (FSB) opened consultation on eight FSB modernisation principles, published as the consultation report Regulatory and Supervisory Modernisation Principles and addressed to the financial authorities of its member jurisdictions. Responses are due by Friday 8 January 2027, and the FSB says the final report will follow in the…
On 15 October 2026 the Financial Stability Board (FSB) published the final report on its FSB AI sound practices: twelve practices for the responsible adoption of artificial intelligence by financial institutions, released alongside an overview of the roughly 160 responses to the June consultation. Its operative request goes to boards and senior management, which the…
On 8 October 2026 FINMA published a partial revision of FINMA Circular 2016/7 “Video and online identification”, the circular that sets out how Swiss financial intermediaries meet their Anti-Money Laundering Act (AMLA) due diligence duties when a client relationship is opened through a digital channel. FINMA adopted the amendments on 23 September 2026, and they…
On 7 October 2026 the Prudential Regulation Authority published CP13/26, Updating regulatory thresholds: An autopilot approach. It proposes PRA threshold indexation for 128 fixed amounts in the PRA Rulebook and in PRA guidance: each would rise with UK nominal GDP, first on 1 July 2031 and then every five years. Responses to the consultation, and…
On 7 October 2026 the Monetary Authority of Singapore (MAS) issued its Guidelines on Artificial Intelligence Risk Management, together with a response to the feedback it received on consultation paper P017-2025 of November 2025. The MAS AI risk management guidelines take effect on 7 October 2027 and reach every financial institution (FI) as defined in…
On 30 September 2026 FINMA opened a consultation on a partial revision of FINMA Circular 2017/6 “Direct transmission”, the circular that sets out when Swiss supervised institutions may send non-public information straight to a foreign authority without going through FINMA’s administrative assistance. Comments are due by 27 November 2026, and FINMA plans to bring the…
On 30 September 2026 the Monetary Authority of Singapore (MAS) published consultation paper P016-2026, which proposes amendments to the corporate governance regulations for banks, insurers and designated financial holding companies (DFHCs). The MAS corporate governance consultation runs until 11:59 pm on 9 December 2026, and comments go in through a FormSG link. Five instruments are…
On 1 July 2026 the three European Supervisory Authorities each opened a consultation on rewriting the Key Performance Indicators that firms disclose under Article 8 of the EU Taxonomy Regulation. ESMA published a Consultation Paper, the European Banking Authority a Discussion Paper, and EIOPA a consultation on the insurance side. All three close on 12…