Regulus — The global regulatory broadcast network

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United States BIS Press Releases AI, Technology & Data ✓ 16 claims 26 Oct 2026

Fed's Waller says AI agents now drive half of FRED data site traffic

Federal Reserve Governor Christopher Waller used a speech at the St. Louis Fed's FRED Con 2026 to describe how artificial intelligence is reshaping use of the Fed's FRED economic data platform, including a surge in AI-driven traffic and a new connector tool for AI agents. Compliance and data governance teams tracking how central banks manage AI-sourced data access will find the detail on misattribution risk relevant.

FRED traffic is presently growing 150 percent a year, with most of that growth attributed to AI and bots.
About half of visits to FRED currently come from AI agents retrieving data rather than human visitors.
FRED staff have sometimes observed AI agents misattributing data to FRED instead of the original source in testing.
The Fed has introduced the FRED MCP Connector, using the Model Context Protocol, to let users link AI agents of their choice to FRED data.
Users seeking certain data published by the Federal Reserve Board will soon be routed to FRED and its tools, Waller announced.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Sustainability ✓ 12 claims 26 Oct 2026

Fourth Circuit affirms Army Corps CWA permit for Charleston's Cainhoy Plantation development

The U.S. Court of Appeals for the Fourth Circuit affirmed a Clean Water Act Section 404 permit issued by the Army Corps of Engineers for a large residential development near Charleston. The published decision turned on how the Corps evaluated alternatives and reduced wetlands impacts, and it signals how NEPA-adjacent permitting records will be tested on appeal when development and conservation claims collide.

The Fourth Circuit on October 23, 2026 affirmed the Corps' Clean Water Act Section 404 permit for the Cainhoy Plantation development in Charleston.
The permit covers residential and mixed-use development on portions of a 9,076-acre property, with thousands of acres to be permanently conserved.
The Corps reduced projected wetlands impacts by nearly 90%, from 1,820 acres to 181.5 acres, after years of analysis.
The court found the Corps evaluated numerous alternatives and concluded none offered a practicable path to needed housing with fewer environmental impacts.
Attorneys from ENRD's Environmental Defense, Natural Resources, Wildlife and Marine Resources, and Appellate Sections handled the litigation.

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International Association for Trusted Blockchain Applications Source document ↗

European Union International Association for Trusted Blockchain Applications Digital Assets ✓ 20 claims 26 Oct 2026

INATBA paper separates blockchain credential verification from institutional recognition

INATBA's Education Working Group has published a knowledge paper examining why technically verifiable micro-credentials are not automatically recognised by employers or academic institutions. It sets out a five-part framework for credential value and surveys EU digital identity and credential infrastructure. Useful background for compliance and education teams tracking EU digital identity wallet rollout and blockchain-based credentialing standards.

The paper applies the EU Council Recommendation of June 2022, under which universities, vocational institutes, employers and industry associations can all design and issue micro-credentials.
It proposes a five-part framework for credential value: credibility, evidence, verifiability, recognition and relevance.
It references the W3C Verifiable Credentials Data Model v2.0 as a trusted standard for cryptographic authentication of credential records.
It discusses upcoming European Digital Identity Wallets under Regulation EU 2024/1183, citing Germany's planned d-you wallet as an example.
It cites empirical research finding micro-credentials boost earnings by approximately 9% when aligned with specific job requirements.

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Regulus Weekend Edition Source document ↗

United States Regulus Weekend Edition Governance & Accountability ✓ 19 claims 25 Oct 2026

A clearing house with no members and a ban broken on a livestream

The lighter side this week is a comedy of timing rather than misconduct. A clearing house writes default rules before it has a single member, a banned pharmaceutical executive is accused of broadcasting the very trading he is forbidden to do, and a federal department finalises a paperwork estimate its own commenters say does not add up. None is a scandal; each misses its own target.

CME Securities Clearing filed SR-CMESC-2026-011 to codify default-management procedures while stating it currently has no Members or Users and has received no comments, with the comment window closing 12 November 2026.
The FTC and seven states moved on 13 October 2026 to hold Martin Shkreli in civil contempt of his 2022 lifetime pharmaceutical ban, citing his livestreamed claim that he was teaching viewers how to trade and invest in biotech.
The FTC alleges Shkreli has traded in pharmaceutical stocks of at least 60 companies since his May 2022 release and seeks a fine equal to trading profits plus prejudgment interest with no offset for losses, on a Commission vote of 1-0.
The State Department finalised a 600,000-hour recordkeeping collection and declined to withdraw it after the Council for Global Equality flagged a 52,500-hour gap and an $85 million cost-assumption discrepancy, with comments due 25 November 2026.

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Regulus Weekend Edition Source document ↗

Global Regulus Weekend Edition Prudential & Capital ✓ 20 claims 25 Oct 2026

Live cyber duties strip firm discretion now as PRA, Fed and ECB defer relief for years

Two of the week's measures bound firms the moment they landed: the OCC's two-hour cyber notification deadline and the FBI's PHP patch order. The reforms that drew the headlines, the PRA's threshold indexation, the ECB's digital euro and the Fed's supervisory redesign, are dated years out or wait on legislation. The gap between the two is this week's story.

The OCC's Rule 213 change (SR-OCC-2026-010) sets a firm two-hour cyber notification deadline for clearing members and deletes self-assessment language.
The FBI's IC3 PSA tells firms to patch two PHP flaws, CVE-2026-109618 and CVE-2026-109619, or take affected systems offline.
The PRA's CP13/26 would index 128 regulatory thresholds to nominal UK GDP, with the first update on 1 July 2031; it closes 7 February 2027.
The ECB plans a digital euro pilot in 2027 and rollout from 2029, contingent on an EU regulation adopted this year.
Four US comment windows close between 3 November and 28 December, and the SEC must decide NYSE Texas's Rule 24 by 30 November.

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Regulus Weekend Edition Source document ↗

Global Regulus Weekend Edition Prudential & Capital ✓ 19 claims 25 Oct 2026

OCC cyber clock and FBI patch order bind now as four comment windows close by December

The week ahead is governed by sequencing rather than any single rule. Two measures bind immediately: the OCC's two-hour cyber notification deadline for clearing members and the FBI's order to patch two PHP flaws or take systems offline. Four US comment windows then close in order through 28 December, the SEC must decide NYSE Texas's Rule 24 by 30 November, and the PRA, Fed and ECB relief that drew headlines is dated to 2027 and beyond.

The OCC's two-hour cyber notification deadline under SR-OCC-2026-010, filed 8 October 2026, is in force for clearing members and removes self-assessment language, with a disciplinary process attached to lateness.
Four US comment windows close in sequence: Cboe BZX's IEX fee (File SR-CboeBZX-2026-083) on 3 November, CMESC's default-management rule on 12 November, the State Department's PHFFA collection on 25 November and Treasury's garnishment-notice estimate on 28 December 2026.
The SEC must approve, disapprove or open proceedings on NYSE Texas's proposed Rule 24 by 30 November 2026, having extended review after Amendment No. 1 superseded the original filing on 5 October.
The PRA's CP13/26, proposing automatic indexation of 128 regulatory thresholds, closes on 7 February 2027, but its first indexation update does not operate until 1 July 2031.
The ECB plans a digital euro pilot using real transactions in 2027 and rollout from 2029, both contingent on EU legislation the ECB hopes will be adopted by year-end.

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Regulus Weekend Edition Source document ↗

United States Regulus Weekend Edition Financial Crime ✓ 20 claims 25 Oct 2026

Licensed bank sat at the chokepoint of a $36.9m crypto laundering chain

US enforcement did the week's financial crime work. A money laundering extradition located the laundering failure at a regulated bank's conversion desk, a telemedicine owner was sentenced for a $46.2m Medicare scheme built on overlapping ownership, and the FTC asked a court to hold Martin Shkreli in contempt of a lifetime industry ban. Three cases, three distinct control failures worth studying.

Zheng Zhao faces up to 20 years on a money laundering conspiracy charge after more than $36.9m from 174 US victims was routed through a Deltec Bank account and converted to Tether, with eight co-conspirators already pleaded guilty, two sentenced to 51 and 46 months for unlicensed money transmission.
Christopher Harwood was sentenced to 20 years for a $46.2m Medicare fraud and ordered to pay $17,942,402 in restitution and $10,431,463 in forfeiture, having owned both the telemedicine front end that generated orders and the DME companies that billed them.
The FTC and seven states filed on 13 October 2026 to hold Martin Shkreli in civil contempt of his 2022 lifetime pharmaceutical ban, alleging trading in at least 60 pharmaceutical stocks since his May 2022 release.
The Shkreli motion seeks a fine equal to trading profits plus prejudgment interest with no offset for losses, a coercive construction aimed at compliance rather than net enrichment.

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Regulus Weekend Edition Source document ↗

Global Regulus Weekend Edition Prudential & Capital ✓ 30 claims 25 Oct 2026

Cyber rules bind now while PRA and ECB relief waits until 2031 and 2029

The week split cleanly in two: obligations that strip firms of discretion landed immediately, led by the OCC's two-hour cyber reporting clock and an FBI order to patch or disconnect, while the relief that drew the headlines, PRA threshold indexation and the ECB digital euro, was dated to 2031, 2029 or a Brussels vote. Four US comment windows close by December. A $36.9m laundering case sharpened a stablecoin on-ramp lesson.

OCC's SR-OCC-2026-010 sets a firm two-hour cyber notification deadline for clearing members, removes self-assessment language and lets OCC disconnect a member or its third-party service provider.
The FBI's IC3 issued a formal PSA on two PHP core flaws, CVE-2026-109618 and CVE-2026-109619, telling firms to patch immediately or take affected systems offline.
The PRA's CP13/26 would index 128 regulatory thresholds to nominal GDP but does not make its first update until 1 July 2031; the consultation closes 7 February 2027.
Four US comment windows close in sequence: Cboe BZX's IEX fee on 3 November, CMESC's default rule on 12 November, the State Department's PHFFA collection on 25 November and Treasury's garnishment notice on 28 December.
DOJ arraigned Zheng Zhao over a scheme that routed more than $36.9m through a single Deltec Bank account, converted to Tether and sent to a Cambodia-controlled wallet, with 174 US victims.

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European Central Bank Source document ↗

European Union European Central Bank Digital Assets ✓ 21 claims 25 Oct 2026

ECB targets 2027 digital euro pilot, 2029 rollout if law passes this year

An interview with ECB Executive Board member Piero Cipollone sets out the digital euro's timeline, design choices and rationale, covering holding limits, offline functionality, distribution through banks and the project's link to European payments sovereignty. Useful for compliance and payments teams tracking when and how the instrument will need to be integrated.

A pilot based on real transactions by ECB and national central bank staff is planned to launch in 2027.
If the EU regulation is adopted by year-end, the digital euro could be rolled out as early as 2029.
Holdings of digital euro in a wallet will be capped, but there will be no limit on payments; amounts exceeding the balance can be drawn automatically from a linked current account.
The digital euro will support offline payments via device-to-device transfer, functioning during power cuts or in areas without internet connectivity.
36 market operators, including seven from Italy, are already collaborating in preparatory work, alongside more than 70 operators that participated in earlier innovation programmes.

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Financial Stability Board Source document ↗

Global Financial Stability Board Governance & Accountability ✓ 11 claims 25 Oct 2026

FSB Sub-Saharan Africa group meets in Maseru on AI, climate and vulnerabilities

A readout from the FSB's Regional Consultative Group for Sub-Saharan Africa, covering its 23-24 October 2026 meeting in Maseru. Useful for compliance and government affairs teams tracking which financial stability themes regional regulators are feeding into the FSB's global agenda.

The meeting took place on 23-24 October 2026 in Maseru, Lesotho, hosted by the Central Bank of Lesotho.
The group is co-chaired by Lesetja Kganyago, Governor of the South African Reserve Bank, and Denny Kalyalya, Governor of the Bank of Zambia.
Agenda items included climate-related data gaps, insurance protection gaps, and the cybersecurity and financial stability implications of AI and quantum computing.
Members discussed the applicability of the FSB's proposed principles on regulatory and supervisory modernisation to the Sub-Saharan African context.
Members agreed on regional priorities and key messages to put to the FSB Plenary ahead of the FSB's 2027 work programme.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 16 claims 25 Oct 2026

State Department finalizes 600,000-hour recordkeeping rule for aid recipients, pushes back on NGO group's cost objections

The State Department has submitted a new information collection, tied to its Protecting Human Flourishing in Foreign Assistance policy, for 30-day public comment before OMB approval. Two advocacy groups challenged the burden estimates and scope during the earlier 60-day comment period; this notice contains the Department's point-by-point response and final position on each objection.

Comments on the proposed collection are due by November 25, 2026, under a 30-day notice following an earlier 60-day notice published April 6, 2026.
The collection applies to an estimated 2,500 respondents, each facing an average 240-hour burden, for a total estimated 600,000 hours.
The Council for Global Equality cited a 52,500-hour gap between the final rules' 652,500-hour estimate and the Notice's 600,000-hour figure, plus a cost assumption gap of $175/hour versus $50/hour.
The Department confirmed that the physical and financial separation requirement applies only to U.S. NGOs, and only when they engage in otherwise prohibited activities funded from another source.
Record retention will follow 2 CFR 200.334, generally three years from the date of the final expenditure report, subject to applicable exceptions.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 21 claims 25 Oct 2026

SEC opens comment on CMESC default management rule change

The SEC has published for comment a proposed rule change from CME Securities Clearing that rewrites how the clearing agency documents the handling of a Participant default. The amendments add detail on using a third-party liquidation agent and execution brokers, clarify the Risk Management Committee's role, and make administrative fixes. CMESC has no Members or Users yet, so this is framework in advance of operations.

CMESC would amend Section 14.1.1 of its Risk Management Framework to specify that the close-out of a defaulted Participant's portfolio may use a liquidation agent and one or more execution brokers.
The amended framework provides that CMESC may hold an account with an execution broker as principal, receiving back-to-back trades that mirror the liquidation agent's close-out trades to keep a net flat position.
Section 14 would clarify that the Risk Management Committee (CSRMC) provides guidance on the design of default procedures, changing its role from discretionary and advisory.
CMESC states it currently has no Members or Users and has neither received nor solicited written comments on the proposal.
Comments are due by November 12, 2026, and the Commission must approve, disapprove or institute proceedings within 45 days of publication, extendable up to 90.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 18 claims 25 Oct 2026

Treasury seeks comment on garnishment-notice paperwork burden estimate

A routine Paperwork Reduction Act notice covering the disclosure financial institutions must give account holders when a garnishment order reaches an account receiving federal benefit payments. It extends an existing OMB control number rather than changing the underlying rule. Relevant to institutions that process garnishment orders against accounts with direct-deposited federal benefits.

Written comments on the information collection must be received by Treasury on or before December 28, 2026.
The collection governs notices required under 31 CFR 212.6 when a garnishment order affects an account with directly deposited federal benefit payments.
Treasury estimates 487,750 respondents and 487,750 total annual responses, occurring on occasion upon qualifying garnishment events.
Estimated time per response is 10 minutes per account-holder notice and 5 minutes per child support notice, totalling an estimated 76,688 annual burden hours.
The 2023 supporting statement reports no program changes but describes a revised burden-estimation methodology.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 21 claims 25 Oct 2026

Chinese national extradited to US over $36.9m Cambodia-based crypto scam

The Justice Department has brought a Chinese national from the Netherlands to a Los Angeles courtroom over a cryptocurrency investment fraud run from scam centers in Cambodia. The case maps a specific laundering route: US bank accounts to Deltec Bank in the Bahamas, conversion into Tether, and onward transfer to wallets in Cambodia. It shows how the DOJ is pursuing the financial plumbing behind pig-butchering schemes.

Zheng Zhao, 44, was arraigned in the Central District of California after extradition from the Netherlands and faces a maximum of 20 years if convicted.
More than $36.9 million in victim funds moved from US accounts to a single Deltec Bank account in the Bahamas, was converted to Tether, and transferred to a wallet controlled in Cambodia.
The government identified 174 US victims of the fraudulent digital asset investment scheme.
Eight co-conspirators have pleaded guilty, including ShengSheng He and Jingliang Su, sentenced to 51 and 46 months respectively for conspiracy to operate an unlicensed money transmitting business.
Zhao was charged in August 2025 with conspiracy to commit money laundering as part of the Criminal Division's Cyber-Enabled Scam Initiative.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 13 claims 23 Oct 2026

SEC extends review of NYSE Texas plan to give issuers complimentary products

The SEC has given itself more time to rule on a NYSE Texas proposal to offer certain listed issuers complimentary products and services under a new exchange rule. This is a procedural extension under the Exchange Act, but it signals the Commission wants longer to weigh a filing that was substantially rewritten before the comment window closed. The item matters to anyone tracking exchange listing incentives.

NYSE Texas filed the proposed rule change on 13 August 2026 and Amendment No. 1 on 5 October 2026, which superseded the original filing in its entirety.
The proposal would adopt new Rule 24 under Article 22 of the NYSE Texas Rule Book to offer certain issuers complimentary products and services.
The SEC designated 30 November 2026 as the date by which it will approve, disapprove, or institute proceedings on the filing (File No. SR-NYSETEX-2026-30).
The Commission has received no comments on the proposed rule change.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

OCC proposes two-hour cyber incident reporting deadline for clearing members

The SEC has opened a comment period on OCC's proposed overhaul of Rule 213, its cybersecurity obligations rule for clearing members. The filing replaces the existing 'Security Incident' standard with a new reporting regime carrying a fixed two-hour notification clock and a tiered 'Major' event category triggering OCC's disconnection authority.

Clearing Members must notify OCC in writing no later than two hours after becoming aware of a Clearing Member System Event.
OCC may disconnect a Clearing Member or its Third-Party Service Provider upon declaring a 'Major Clearing Member System Event,' which requires approval from two or more Designated Officers and notification to the Chairman of the Board.
The Cybersecurity Confirmation attestation, required at least every two years and within 180 calendar days of OCC's notice, may now be signed by any authorized senior executive rather than a specifically designated one.
OCC's definition of 'OCC's Systems' is expanded to include established communication channels such as File Transfer Protocols, not only direct connections.
Late notification beyond the two-hour window will be evaluated under OCC's disciplinary process set out in Chapter XII of its Rules.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center AI, Technology & Data ✓ 13 claims 23 Oct 2026

FBI warns of critical PHP core flaws enabling remote code execution

The FBI's Internet Crime Complaint Center has issued a public service announcement reiterating warnings about two PHP vulnerabilities that allow remote code execution. The alert gives organizations concrete triage steps, from patching to monitoring to incident reporting, and should be read by anyone running internet-facing PHP infrastructure or vendor products that bundle it.

The PSA follows an initial FBI social media alert issued on October 21 about the same PHP vulnerabilities.
CVE-2026-109618 and CVE-2026-109619 could allow malicious cyber actors to remotely execute code in PHP core.
The FBI recommends organizations take systems offline if an immediate update is not feasible.
Organizations should inventory where PHP runs, prioritizing internet-facing systems and vendor products that bundle PHP.
CISA published related guidance on October 21, 2026, and CERT-EU issued Security Advisory 2026-018.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center Governance & Accountability ✓ 21 claims 23 Oct 2026

FBI and USPIS probe suspicious powder letters sent to election officials, media

A joint FBI and US Postal Inspection Service advisory flags a wave of letters containing suspicious substances sent to election offices, Secretaries of State, media organisations and polling companies. The notice sets out immediate handling steps for mailrooms and reporting channels, relevant to any organisation in these sectors reviewing its physical mail intake procedures.

The FBI and USPIS are investigating multiple letters containing suspicious substances mailed to election offices, Secretaries of State, media organisations and polling companies.
No hazardous material has been identified to date, though laboratory testing remains ongoing and all substances should be treated as hazardous.
Mail handlers at election-related locations should use PPE such as a smock or apron, mask, and nitrile gloves.
If an unknown substance is found, personnel should call 911, avoid disturbing the powder, isolate the area, and avoid alcohol-based cleansers or hand sanitizer on exposed skin.
Incidents should be reported to an FBI Election Crimes Coordinator or WMD Coordinator, the FBI tip line (1-800-225-5324), or USPIS at 1-877-876-2455.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

SEC approves FINRA exemption letting collective trust funds buy IPO shares

The SEC has approved a FINRA rule change exempting certain collective trust funds from restrictions that otherwise bar related persons from buying initial public offering shares. The order explains why FINRA dropped a numeric participant threshold it had originally proposed, and what safeguards remain in its place.

The SEC approved SR-FINRA-2026-007 on October 2, 2026, exempting specified collective trust funds from FINRA Rule 5130 and from the spinning provision in Rule 5131(b).
The exemption applies only if the CTF was not formed or maintained for the specific purpose of permitting restricted persons to invest in new issues.
FINRA removed an originally proposed condition requiring 1,000 or more plan participants and beneficiaries after two commenters said the condition was difficult to administer.
The Commission received two comment letters, from the Coalition of Collective Investment Trusts and the Investment Company Institute, both filed May 1, 2026.
FINRA filed Partial Amendment No. 1 on July 8, 2026, and the Commission instituted proceedings on July 9, 2026 before ultimately approving the filing as amended.

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HM Treasury Source document ↗

United Kingdom HM Treasury Governance & Accountability ✓ 13 claims 23 Oct 2026

Ministry of Justice adds four major-project assessments to GMPP transparency page

HM Treasury and the Ministry of Justice refreshed the page listing accounting officer assessment summaries for MOJ projects in the Government Major Projects Portfolio. The update adds several 2026 entries, including a batch dated 26 February 2026 and a further Accelerated Houseblocks Delivery Programme addendum on 12 October 2026. For anyone tracking public spending governance, it is a window into how departments evidence regularity, propriety, value for money and feasibility.

The page was first published on 25 July 2019 and was last updated on 12 October 2026 with an Accelerated Houseblocks Delivery Programme: Programme Business Case 3 Addendum.
The 26 February 2026 batch lists four items: the Future Voice Service Full Business Case, the HMP Norwich Major Refurbishment Project, a Programme Business Case 3 Addendum for HMP Wayland, and the Community Support Programme.
Departmental accounting officers must assess every GMPP project against regularity, propriety, value for money and feasibility.
The Accelerated Houseblocks Delivery Programme appears twice in 2026, with Programme Business Case 3 Addendum entries on 26 February 2026 and 12 October 2026.

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ECB Banking Supervision Source document ↗

European Union ECB Banking Supervision Prudential & Capital ✓ 28 claims 23 Oct 2026

ECB supervisor says output floor and Single Rulebook must survive simplification push

An ECB Supervisory Board member discusses rising global interest rates, sovereign bond exposure and the EU's bank competitiveness debate. Relevant for compliance and government affairs teams tracking how the ECB will position itself on Basel output floor calibration and any move to tailor capital rules by bank size.

Montagner says sovereign bonds account for around 9% of euro area banks' total assets.
He states banks are under no obligation to sell sovereign bond holdings even as values fall.
He says current bank capital is mainly Common Equity Tier 1, unlike 2008 when it was largely subordinated debt.
He supports preserving the Basel output floor's role even if its calibration is reassessed, as proposed by the European Commission.
He says the ECB will always favour retaining a Single Rulebook rather than tailoring capital rules by bank size.

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Bank of England Source document ↗

United Kingdom Bank of England Prudential & Capital ✓ 14 claims 23 Oct 2026

PRA proposes 128 regulatory thresholds track nominal GDP automatically

The PRA has opened a consultation proposing that 128 thresholds across banking, insurance and credit unions rise automatically in line with nominal GDP, rather than through manual updates. This affects which rules apply to firms and what they must report, with the first change set for 2031.

The PRA proposes that 128 thresholds across banking, insurance and credit unions increase automatically with nominal GDP.
The largest in-scope threshold is £320 billion in total assets for detailed capital reporting; the smallest is £7,500 covering amounts owed to a credit union by an individual.
The first automatic update would take place on 1 July 2031, with further updates every five years thereafter.
The PRA selected nominal UK GDP, published by the Office for National Statistics, as the indexation metric over measures such as the Consumer Price Index or real GDP growth.
The consultation opens 7 October 2026 and closes 7 February 2027, with some thresholds excluded and instead addressed in a parallel discussion paper under Section 4 of CP13/26.

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FCA Publications Source document ↗

United Kingdom FCA Publications Governance & Accountability ✓ 18 claims 23 Oct 2026

FCA finds governance gaps at benchmark administrators in multi-firm review

This review closes a supervisory programme the FCA began after its 2024 portfolio letter flagged governance weaknesses at benchmark administrators. It sets out observations across five areas, from board composition to assurance, intended to help firms assess their own arrangements rather than prescribe a single model. Compliance and risk teams supporting benchmark administration should read it as a diagnostic checklist.

The review is the final part of supervisory work launched after the FCA's 2024 portfolio letter identified governance weaknesses at a number of benchmark administrators.
The FCA assessed firms across five areas: board composition and capability, board engagement and challenge, governance structure and escalation, board packs and information flow, and governance assurance.
In some cases governance records did not clearly capture board decisions, challenge, decision rationale and resulting actions.
The FCA found information and escalation flows between UK regulated entities and wider group governance forums were less developed in some cases.
The FCA says it will use the findings to inform supervisory engagement and encourages administrators to engage with the government's ongoing review of the UK Benchmarks Regulation.

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BIS Press Releases Source document ↗

United States BIS Press Releases Prudential & Capital ✓ 14 claims 23 Oct 2026

Fed to restructure bank supervision into five regions, scrap committee layers

Federal Reserve Vice Chair for Supervision Michelle Bowman set out plans to overhaul the Fed's bank supervisory structure, replacing a committee-heavy system with five accountable regions aligned to state boundaries. The speech also covers pending CAMELS rating revisions, Regulation O changes and asset threshold indexing. Compliance teams at supervised banks should track the regional realignment and CAMELS changes for direct effects on examination contacts and ratings methodology.

The Federal Reserve will realign its supervisory function into five regions based on state boundaries rather than existing Reserve Bank districts.
Each region will have a single regional leader accountable for all supervisory activity, with examiners remaining in current Reserve Bank locations.
The FFIEC is finalizing CAMELS rating revisions so the Management ('M') rating no longer singularly drives the composite rating.
In July 2026 the Board proposed revisions to Regulation O, which has not been comprehensively updated since 1979.
Later this year the Board will consider updates to fixed-dollar asset thresholds, with a mechanism to adjust them every five years, and broader changes to the large bank tailoring framework.

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Federal Register — Federal Reserve Source document ↗

United States Federal Register — Federal Reserve Governance & Accountability ✓ 13 claims 23 Oct 2026

WaFd applies to Fed to acquire EverBank Financial Corp

The Federal Reserve has published notice of WaFd, Inc.'s application to acquire EverBank Financial Corp under the Bank Holding Company Act. The notice opens a public comment window running to November 12, 2026, handled through the Federal Reserve Bank of San Francisco. This is the procedural gateway through which the transaction will be assessed against the statutory approval standards.

WaFd, Inc. of Seattle has applied to the Federal Reserve to acquire EverBank Financial Corp and indirectly EverBank, National Association, both of Jacksonville, Florida.
The application is made under the Bank Holding Company Act of 1956 and Regulation Y.
Written comments must be received no later than November 12, 2026, at the Federal Reserve Bank of San Francisco or the Board of Governors.
Comments received are subject to public disclosure and will generally be made available without change.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 16 claims 23 Oct 2026

Telemedicine owner gets 20 years for $46.2M Medicare fraud scheme

A DOJ sentencing release detailing a six-year Medicare fraud conspiracy run through a telemedicine company and affiliated durable medical equipment suppliers. Relevant for compliance teams at telehealth, DME and laboratory businesses monitoring enforcement patterns in the health care fraud space and the penalties now being imposed.

Harwood was sentenced to 20 years in prison for organizing a $46.2 million Medicare fraud conspiracy spanning more than six years.
He was ordered to pay $17,942,402 in restitution to Medicare and $10,431,463 in forfeiture.
Doctors paid by Harwood signed orders for orthotic braces and genetic tests without Medicare-compliant telemedicine visits or real patient relationships.
Harwood sold the signed doctors' orders to DME supply companies, laboratories and marketers, and used his own DME companies to bill Medicare directly.
Harwood pleaded guilty in March 2026 to conspiracy to commit health care fraud and wire fraud.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 19 claims 23 Oct 2026

BZX adds IEX to options routing fee code at $0.25 per contract

Cboe BZX has amended its options Fees Schedule to add IEX Exchange to fee code RP, the sub-category covering Customer orders routed away to other venues. The charge is unchanged at $0.25 per contract. The filing took immediate effect under Section 19(b)(3)(A), and the SEC is taking comment through 3 November 2026.

Fee code RP is extended to cover Customer orders routed to IEX, which BZX describes as a national securities exchange.
The per-contract charge under fee code RP remains $0.25; the addition does not change it.
The change took immediate effect on 1 October 2026 under Section 19(b)(3)(A) of the Act and Rule 19b-4(f).
Comments on File No. SR-CboeBZX-2026-083 are due on or before 3 November 2026, and the SEC may suspend the change within 60 days of filing.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Governance & Accountability ✓ 21 claims 23 Oct 2026

FTC asks court to hold Shkreli in contempt over lifetime pharma ban

The FTC and seven state co-plaintiffs have moved to hold Martin Shkreli in civil contempt of a 2022 court order permanently barring him from the pharmaceutical industry. They allege he traded in pharma stocks and broadcast views on drug companies online. The filing seeks divestment, disgorgement of trading profits without offsetting losses, and escalating future penalties including possible incarceration.

The FTC and seven states filed a civil contempt motion against Martin Shkreli on October 13, 2026, in the U.S. District Court for the Southern District of New York.
The motion alleges Shkreli publicly traded in pharmaceutical stocks of at least 60 companies and broadcast opinions about drug companies since his release from prison in May 2022.
The 2022 injunction banned Shkreli from directly or indirectly participating in the pharmaceutical industry, including holding an ownership interest or influencing a pharmaceutical company's management.
Sanctions sought include divestment of pharma stocks, a fine equal to trading profits plus prejudgment interest with no offset for losses, and potential incarceration for future violations.
The Commission vote to authorise the filing was 1-0; Chairman Andrew N. Ferguson is recused and Commissioner Mark R. Meador issued a statement.

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OCC Bulletins Source document ↗

United States OCC Bulletins Prudential & Capital ✓ 14 claims 23 Oct 2026

OCC publishes fall 2026 interest rate risk statistics, adds two downward shock scenarios

The OCC has released the fall 2026 edition of its Interest Rate Risk Statistics Report, drawn from examinations of supervised midsize and community banks and federal savings associations. The edition adds two new downward parallel rate shock scenarios and their policy risk limits. The data is informational only and sets no suggested limits, but the new scenarios tell treasury teams where the examiner lens is widening.

The fall 2026 report draws on interest rate risk data from OCC examinations of supervised midsize and community banks and federal savings associations.
The edition adds minus 400 and minus 300 basis point parallel rate shock scenarios for earnings at risk and economic value of equity, plus their corresponding policy risk limits.
Statistics are presented for all supervised banks with reported data, and broken out by asset size and by charter type.
The OCC states the data is informational only and does not represent suggested limits or exposures.
The bulletin rescinds OCC Bulletin 2026-14, which transmitted the spring 2026 report.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 14 claims 23 Oct 2026

Google to verify US financial services ads using ABA bank registry

Google is expanding its Financial Services Verification program to the US and Canada, using an American Bankers Association registry to confirm advertisers are legitimate banks. The move follows years of ABA pressure on platforms to curb impersonation scams, and sets a new gatekeeping step banks will need to clear before running ads.

Google will expand its Financial Services Verification program to the US and Canadian markets starting early next year.
The verification program is currently operating in 42 countries, according to Google's blog post.
Financial services firms will need to seek verification through the program before advertising on Google.
Google will use an American Bankers Association registry to verify authorized banks before ads run in the US.
Google is working with the Canadian Bankers Association on a parallel verification arrangement for Canada.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 23 Oct 2026

Nasdaq Texas extends clearly erroneous trade rules to overnight sessions

Nasdaq Texas filed a rule change with the SEC amending its Clearly Erroneous Transactions rule to cover the new Overnight Price Bands approved for round-the-clock equity trading. Compliance and trading operations staff at broker-dealers should understand how trade-busting eligibility shifts once overnight trading begins.

Nasdaq Texas filed proposed rule change SR-NasdaqTX-2026-047 with the SEC on September 25, 2026.
The amendment extends Rule 11890's bar on clearly erroneous review during Market Hours to the new Overnight Protected Hours, defined as 9:00 p.m. to 4:00 a.m. ET.
The Commission approved Overnight Price Bands under the LULD Plan on August 5, 2026 via the 27th Amendment to that plan.
Transactions in NMS stocks not subject to the LULD Plan, such as rights and warrants, executed overnight would be reviewed using the Numerical Guidelines that currently apply to Pre-Market and Post-Market Hours.
The rule change is scheduled to become operative December 6, 2026, when industry-wide 23/5 trading commences, and public comments are due by November 3, 2026.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 16 claims 23 Oct 2026

Nasdaq Texas drops duplicate circular rule for UTP derivative securities

Nasdaq Texas has filed a rule change, effective on filing, removing its own requirement to distribute an information circular before UTP derivative securities begin trading on the exchange. The filing also updates cross-references and renumbers rule provisions. Compliance teams at member firms should check how this affects their internal disclosure and suitability workflows for these products.

Nasdaq Texas deleted Rule 5740(a)(1), ending its requirement to distribute its own information circular before UTP Derivative Security trading begins.
Rule 5740(a)(2) now requires the written description to be provided in a form approved by the listing exchange or prepared by the issuing open-ended management company, no later than delivery of the first transaction confirmation.
The exchange added express cross-references to General 9, Section 10 (suitability) and Equity 2, Section 20 (customer disclosures) in the introductory paragraph of Rule 5740.
The SEC waived the usual 30-day operative delay under Rule 19b-4(f)(6)(iii), making the change effective upon filing on September 28, 2026.
Comments on file number SR-NasdaqTX-2026-049 are due on or before November 3, 2026.

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Bank of Ghana Source document ↗

Bank of Ghana AI, Technology & Data ✓ 11 claims 23 Oct 2026

Bank of Ghana publishes paper on AI and big data for inflation measurement

Bank of Ghana has published a paper titled 'Measuring Inflation in Ghana: Evidence From Big Data and Artificial Intelligence Techniques.' The listing provides only the title and publication date, with no further detail available from the source page itself.

Bank of Ghana published a paper titled 'Measuring Inflation in Ghana: Evidence From Big Data and Artificial Intelligence Techniques' on October 23, 2026.
The publication is listed with a download link on the Bank of Ghana news page alongside other recent notices and press releases.
The source page does not contain the paper's text, methodology, data sources or findings.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 18 claims 23 Oct 2026

FTC sues sextortion relief firm accused of taking $60 million from victims

The FTC obtained a temporary halt against Digital Forensics Corporation, alleging it exploited sextortion victims by charging up to $20,000 for services it never performed, including fake investigative reports and manufactured reviews. The complaint names Belkin, several affiliated companies and multiple statutes allegedly violated, giving compliance and consumer-protection teams a detailed account of the deceptive tactics alleged.

The FTC alleges Digital Forensics misled victims into paying at least $60 million for sextortion assistance services that were never provided.
Consumers were charged between $1,499 and $20,000 for a 'Phase 1' package promising tracking, communication and law enforcement reporting that allegedly did not occur.
Defendants allegedly generated fake positive reviews using employees in India, purchased reviews from Uber drivers, and coerced customers into posting reviews before receiving services.
The complaint names Belkin, Digital Forensics and twelve affiliated companies, filed in the U.S. District Court for the Northern District of Ohio.
The FTC alleges violations of the FTC Act, the Telemarketing Sales Rule, the Reviews and Testimonials Rule and the Gramm-Leach-Bliley Act.

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Financial Services and the Treasury Bureau Source document ↗

Hong Kong Financial Services and the Treasury Bureau Governance & Accountability ✓ 20 claims 23 Oct 2026

Hong Kong launches pharmacy pairing pilot, resets Co-care consultation fees

The Health Bureau has set out two linked changes to Hong Kong's primary care system: the start of a community pharmacy pairing pilot for chronic disease patients, and the annual reset of consultation co-payment fees charged by doctors in the Primary Healthcare Co-care Network. Compliance and government affairs teams tracking healthcare policy and public subsidy mechanisms should note the phased rollout timeline and fee data below.

The CPP (Community) pilot launches patient pairing with 20 designated pharmacies across four districts by the end of October.
Full coverage across all 18 districts is planned for the fourth quarter of next year, following second and third phase rollouts.
Co-care Network consultation co-payment fees for the screening and treatment phases take effect from November 1.
Of 1,239 participating service points, 1,022 (82.5%) retain existing fees, 28 reduce fees by a median of $100, and 189 raise fees, with the overall treatment-phase increase at 3.7%.
More than 300,000 citizens had enrolled in the Co-care Network as of October 7, with around 70,000 diagnosed with cardiovascular risk factors or chronic hepatitis B and now in the treatment phase.

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Bank of England Publications Source document ↗

United Kingdom Bank of England Publications Markets & Infrastructure ✓ 12 claims 23 Oct 2026

BoE study finds QE effectiveness hinges on why non-banks are growing

This Bank of England staff working paper models how monetary policy transmits through an economy as non-bank financial institutions (NBFIs) grow. For compliance and policy teams at banks and asset managers, it offers a research-based signal on how regulators may think about the diverging roles of banks and shadow credit providers in future stimulus design.

The paper is Bank of England Staff Working Paper No. 1,212, published 23 October 2026 and authored by Nicolò Bandera, Kristina Bluwstein, Michael Kumhof, Mauricio Salgado-Moreno and Jacob Stevens.
The authors build a DSGE model incorporating banks, NBFIs and a central bank interacting via wholesale deposits, bonds and reserve markets, estimated on UK data.
Conventional interest rate policy transmission to output and inflation is found to be essentially unaffected by the size of the NBFI sector.
Quantitative easing transmission is found to be strongly altered by NBFI sector size and by the source of its expansion, with amplification occurring when NBFI growth stems from firm funding preferences but not when it stems from higher bank finance costs.
The paper states that monetary policymakers retain rate control regardless of financial structure, but that balance sheet policy effectiveness depends on the composition and behaviour of the non-bank sector.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 24 claims 23 Oct 2026

CVS to pay $315M over unlawful opioid fills and false Medicare claims

A settlement between CVS Pharmacy and the Justice Department resolves claims the chain filled invalid controlled-substance prescriptions and billed federal healthcare programs for them. This briefing sets out the alleged conduct, the monetary and remedial terms, and the whistleblower origin of the case.

CVS Pharmacy Inc. will pay $315 million to resolve CSA and FCA allegations covering October 17, 2013 through December 2, 2025.
The government's complaint, filed December 13, 2024 in the District of Rhode Island, alleged CVS filled excessive, early, 'trinity' combination and pill-mill prescriptions.
CVS has entered a memorandum of agreement with DEA requiring a hotline for reporting suspected illegal dispensing, proactive monitoring of dispensing patterns, and evaluation of suspect prescribers.
The case stems from a qui tam lawsuit by former CVS employee Hillary Estright, captioned No. 22-cv-00222 (D.R.I.), with her whistleblower recovery share not yet determined.
The complaint alleged CVS's corporate performance metrics, incentive compensation and understaffing policies prioritized profits over patient safety and barred pharmacists from warning each other about problematic prescribers.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 15 claims 23 Oct 2026

DOJ charges 14 in DPRK IT worker scheme that hit over 70 US firms

DOJ and FBI announced coordinated action against a North Korean remote IT worker fraud network, including a 14-defendant indictment in Ohio and a multi-week device seizure operation in Texas. The release details how the scheme used stolen identities and US-based facilitators to place DPRK workers inside American companies, and lists email indicators firms can use to screen hires.

The indictment charges 14 defendants, including US nationals Michael James Bostelle and Juan Cecilio Pena Carrillo, with wire fraud, money laundering and identity theft.
The scheme ran from 2019 to around July 2025 and generated approximately $3 million in revenue believed sent to sanctioned DPRK-controlled accounts.
More than 70 US companies were affected across Ohio, sixteen additional states and the District of Columbia, in sectors including health care, communications and manufacturing.
Between September 21 and 25, the FBI conducted Operation Lonestar Roundup, searching over 40 Texas residences and seizing approximately 187 laptops and KVM devices.
DOJ listed eleven specific email addresses used in the scheme and encouraged employers to add them to their detection indicators.

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CISA Advisories Source document ↗

United States CISA Advisories AI, Technology & Data ✓ 14 claims 23 Oct 2026

CISA adds six actively exploited flaws to known vulnerabilities catalog

CISA's latest KEV Catalog update adds six CVEs spanning Plex Media Server, EG Secure Solutions SiteGuard Server Edition and Siemens Software Center. The addition triggers remediation obligations under Binding Operational Directive 26-04 for federal civilian agencies and signals priority risk for any organization running the affected software.

CISA added six CVEs to the KEV Catalog on October 20, 2026 based on evidence of active exploitation.
Four of the six vulnerabilities affect Plex Media Server: CVE-2026-96652, CVE-2026-96654, CVE-2026-96655 and CVE-2026-96656.
CVE-2026-106931 affects EG Secure Solutions SiteGuard Server Edition via OS command injection.
CVE-2026-110936 affects Siemens Software Center through an uncontrolled search path element vulnerability.
BOD 26-04 requires FCEB agencies to prioritize remediation of KEV vulnerabilities on publicly exposed assets granting total control post-exploitation and to check for pre-patch compromise.

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BIS Press Releases Source document ↗

Global BIS Press Releases Prudential & Capital ✓ 13 claims 23 Oct 2026

BIS working paper links oil discoveries to inflation under fixed exchange rates

This BIS Working Paper (No. 1389) examines whether news of future income, specifically large oil and gas discoveries, moves current inflation before any extraction begins. It matters to macro policy teams because it identifies exchange rate flexibility as the variable that determines whether such news shocks become domestic inflation.

The dataset covers 1,309 large oil and gas discoveries across 79 economies from 1980 to 2019.
The study restricts its sample to discoveries with realised production lags of at least five years to isolate anticipation effects.
About half of the total increase in core consumer prices occurs before extraction begins.
Inflation rises mainly under inflexible exchange rate regimes but is largely absent under flexible regimes.
The current account initially worsens as domestic demand increases, then turns to surplus once new oil production begins.

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European Data Protection Board Source document ↗

European Union European Data Protection Board Governance & Accountability ✓ 20 claims 23 Oct 2026

EDPB issues initial statement on data protection risks of smart glasses

The EDPB has adopted a preliminary statement addressing how GDPR applies to smart glasses equipped with cameras and microphones. For compliance teams at manufacturers and service providers, it signals early regulatory thinking on transparency obligations and the limits of the household exemption, ahead of more detailed guidance.

The EDPB adopted statement 1/2026 on smart glasses during its latest plenary on 13 October 2026.
Users become data controllers when sharing recordings on public social media or using smart glasses for official, professional or political activities.
Purely personal use, such as filming family or friends, falls under the GDPR household exemption, though other criminal, civil or labour law may still apply.
Manufacturers and linked app or service providers cannot transfer their data controller obligations to users and must keep processing compatible with original purposes.
The accompanying report was commissioned following a proposal from the French DPA and prepared by a digital sociologist through the EDPB's Support Pool of Experts programme.

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Deutsche Bundesbank — speeches Source document ↗

Germany Deutsche Bundesbank — speeches Markets & Infrastructure ✓ 22 claims 23 Oct 2026

Germany's current account surplus falls to €10.3bn in August, down €11.5bn

The Bundesbank's monthly balance of payments release shows a sharp narrowing of Germany's current account surplus in August 2026, alongside a swing to net capital exports. The figures matter for anyone tracking German external demand, trade flows and cross-border capital movements, including portfolio reallocation and Bundesbank TARGET balances.

Germany's current account surplus fell to €10.3 billion in August 2026, a decline of €11.5 billion on July.
The goods account surplus dropped by €7.5 billion to €13.1 billion as receipts fell more sharply than expenditure.
The services deficit widened by €3.1 billion to €11.5 billion, with declines in other business services and intellectual property charges a significant factor.
Net capital exports totalled €16.1 billion in August, reversing net capital imports of €6.4 billion recorded in July.
Cross-border portfolio investment shifted to net capital exports of €19.0 billion from net capital imports of €34.4 billion the previous month.

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IC3 — FBI Internet Crime Complaint Center Source document ↗

United States IC3 — FBI Internet Crime Complaint Center Financial Crime ✓ 23 claims 23 Oct 2026

FBI updates guidance on North Korean IT worker threat as facilitator use expands

The FBI's Internet Crime Complaint Center has refreshed its public and private sector guidance on North Korean remote IT workers who infiltrate western companies using stolen identities. The alert documents a shift toward paid facilitators, subcontracting to third-party foreign nationals, extortion and threats of physical violence, and urges firms to adopt a layered "identity in depth" detection approach rather than relying on single indicators.

North Korean ITWs collect salaries, steal data and extort victims under government direction, with the North Korean government receiving an estimated 85-90% of the revenue the actors generate.
ITWs pay facilitators to appear on camera, sit interviews, verify fraudulent identities, ship packages, complete urinalysis or fingerprint submissions, and host employment devices in "laptop farms".
The FBI has observed ITWs make death threats against former managers and families, and threaten to leak corporate data unless paid large lump sums.
ITWs target positions requiring U.S. government security clearances, cleared defense contractors, and active-duty military members asked to host laptops.
The FBI urges an "identity in depth" approach of layered access controls and continuous verification, warning that sole reliance on ban lists is unreliable and can block identity-theft victims.

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CSSF / Banque centrale du Luxembourg Source document ↗

CSSF / Banque centrale du Luxembourg Markets & Infrastructure ✓ 13 claims 23 Oct 2026

Luxembourg external assets rose 614 billion euros in second quarter of 2026

The Banque centrale du Luxembourg has published its quarterly international investment position statistics, tracking the stock of external financial assets and liabilities held by the jurisdiction's residents. This release gives compliance and treasury teams a reference point on the scale and composition of Luxembourg's cross-border financial exposures as of end-June 2026.

Luxembourg's external financial assets increased by 614 billion euros quarter-on-quarter to reach 14,350 billion euros at end-June 2026.
External financial liabilities increased to 14,329 billion euros over the same period, leaving a net international investment position of 21 billion euros.
Direct investment assets rose slightly to 5,218 billion euros, mainly owing to investment funds, while direct investment liabilities fell to 3,683 billion euros, driven by captive financial institutions.
Portfolio investment assets increased by 542 billion euros to 6,991 billion euros, and portfolio investment liabilities increased by 523 billion euros to 8,768 billion euros, the latter comprising 101 billion euros of transactions and 423 billion euros of price and exchange effects.
Other investment liabilities rose by 70 billion euros to reach 1,539 billion euros at end-June 2026, while other investment assets reached 1,766 billion euros.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Markets & Infrastructure ✓ 11 claims 23 Oct 2026

SEC chairman backs approval of binary options tied to company KPIs

Chairman Paul Atkins issued a statement explaining the Commission's approval of a securities exchange rule change permitting binary options tied to specified key performance indicators reported by certain issuers. The statement sets out how these products will be regulated and flags what the order deliberately leaves unaddressed, including CFTC jurisdiction over comparably structured KPI contracts.

The SEC approved a proposed rule change permitting a securities exchange to list binary options overlying specified KPIs reported by certain issuers.
The approved binary KPI options will be cash-settled, European-style, standardized options classified as NMS securities.
These options will be subject to existing securities exchange rules covering customer accounts, margin requirements, trading halts, auctions, market-maker quoting obligations, order types and time-in-force.
The approval order does not address or foreclose CFTC jurisdiction over similarly structured KPI contracts falling under that agency's jurisdiction.
Chairman Atkins' statement is dated October 13, 2026.

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BIS Press Releases Source document ↗

Global BIS Press Releases Prudential & Capital ✓ 10 claims 23 Oct 2026

CPMI and IOSCO finalise guidance on FMI general business risk and losses

CPMI and IOSCO have published final guidance supplementing the Principles for Financial Market Infrastructures, addressing how FMIs should identify and fund against general business losses. The report follows a 2025 consultation and a Level 3 assessment that found gaps in how FMIs apply Principle 15. Relevant for FMI boards, risk officers and resolution authorities overseeing recovery and wind-down planning.

CPMI and IOSCO published a final report on FMIs' management of general business risks and general business losses on 14 October 2026.
The report provides supplemental guidance to the CPMI-IOSCO Principles for Financial Market Infrastructures covering identification, monitoring and governance of general business risk.
It sets guidance on determining the minimum amount of liquid net assets funded by equity that FMIs should hold against potential general business losses.
The final report builds on a consultative report on general business losses published in November 2025.
It incorporates findings from a Level 3 assessment report on implementation of PFMI Principle 15, which identified issues in FMIs' management of general business risk and their liquid net assets funded by equity.

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BIS Press Releases Source document ↗

Global BIS Press Releases Conduct & Consumer ✓ 14 claims 23 Oct 2026

BIS official urges central banks to treat household financial health as core mandate

A speech by Fernando Restoy, chair of the BIS Financial Stability Institute, delivered at the G-24/AFI Policymakers' Roundtable in Bangkok, sets out why household financial health should inform how central banks pursue existing financial stability and monetary policy mandates, including through cryptoasset-related risks and new indicators.

Restoy explicitly states he is not suggesting financial health should become a new central bank objective.
The G20 working definition cited identifies four dimensions of financial health: managing day-to-day obligations, coping with shocks, pursuing future goals, and feeling financially secure.
Restoy cites a recent FSI paper (Frost et al 2026) finding that expanded financial inclusion has not automatically translated into better financial health across countries.
He identifies two required actions: better measurement of household financial health, and research into whether financial health indicators can complement existing financial stability and monetary policy frameworks.
On cryptoassets, he notes volatility, fraud prevalence, absence of deposit-insurance-like protections, and lower financial literacy in markets with the fastest-growing crypto use as risks to financial health.

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Bank of England Source document ↗

United Kingdom Bank of England Markets & Infrastructure ✓ 25 claims 23 Oct 2026

BoE securities lending committee flags T+1 readiness gaps and AI governance risks

The Bank of England's Securities Lending Committee met on 15 September 2026 to review T+1 settlement preparations, tax harmonisation challenges, digital asset developments and emerging AI use cases in securities finance. The minutes, published 22 October, give compliance teams a read on industry-wide readiness gaps and the issues supervisors and market bodies are watching ahead of October 2027 implementation.

The committee noted industry participants are broadly on track for T+1 implementation in October 2027 but highlighted significant differences in readiness between firms.
Persistent operational challenges include securities lending recalls, collateral sourcing, funding, settlement timing, partial settlements and agent lender capabilities.
The Tax & Regulations sub-committee reported increased operational challenges from holding-period rules and record date requirements across national tax regimes, which T+1 could amplify.
The group discussed a legal case involving potential re-characterisation of a securities financing transaction as a secured loan, which it said could have significant implications for repos and securities lending.
Members raised concerns about AI use in governance, resilience, vendor oversight and data security, particularly if AI systems gained access to sensitive operational data.

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ISDA Source document ↗

Japan ISDA Digital Assets ✓ 17 claims 23 Oct 2026

ISDA chief flags tokenised collateral push alongside Japan derivatives growth

ISDA CEO Scott O'Malia's welcoming remarks at the Transforming Asset Management event in Tokyo set out where derivatives fit into Japan's asset management strategy and previewed ISDA's push on collateral tokenisation. Useful for compliance and markets teams tracking Japan's FSA reform agenda and the industry body's parallel work on digital collateral infrastructure.

Average daily turnover in Japanese OTC interest rate derivatives rose from $51 billion in April 2022 to $170 billion in April 2025, per the latest BIS survey.
The FSA published an upgraded financial services strategy last month, building on three years of asset management reforms.
ISDA convened a new buy-side working group and held its first meeting with asset managers earlier this month.
At the end of last year, $1.6 trillion of initial and variation margin was collected by the largest market participants, according to ISDA's annual margin survey.
ISDA has published an abridged Japanese version of its paper on how pension funds use derivatives.

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AFM Netherlands Source document ↗

AFM Netherlands AI, Technology & Data ✓ 17 claims 23 Oct 2026

AFM chair warns against treating AI chatbots as financial decision-makers

AFM chair Laura van Geest used her Financieele Dagblad column to set out survey data on how Dutch consumers use generative AI for financial questions, and to flag the supervisory questions this raises. The piece draws on the AFM Consumer Monitor and is aimed at readers weighing how seriously to treat AI-generated financial advice.

AFM Consumer Monitor found 14% of consumers used an AI tool for financial questions in the past year, with 19% considering doing so.
30% of those who sought AI help for financial questions are heavy users, having consulted the tool more than five times.
Two-thirds of AI users say the information helped them make actual financial decisions, and for roughly a fifth of them GenAI was their only source of information.
49% of non-users were sceptical about the reliability of financial information or advice from AI, compared with only 15% of actual users.
Only around 7% of users of Google's AI assistant click through to the underlying source links, according to the figure cited in the column.

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