Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
APRA orders Macquarie to hold an extra A$100m of capital after a non-bank capital miscalculation dating to 2019
Australia’s prudential regulator has imposed a A$100m governance overlay on Macquarie Group, on top of a A$500m overlay applied to Macquarie Bank in 2021, and will oversee an assessment of how the group sets capital for its non-bank businesses.
South Korea suspends its 140% margin-loan collateral rule for three months as the Kospi falls 8.52%
Securities firms will be exempt from the 140% collateral ratio on margin loans from 9 November, after the Kospi fell 8.52% at the open and set off a circuit breaker.
Central Bank of Kuwait approves Gulf Bank's full conversion to Islamic banking
The Central Bank of Kuwait has approved Gulf Bank's full conversion to Sharia-compliant banking, letting the lender, which reported KD 41.9 million of nine-month profit, complete the procedures.
South Korea to run security checks at 580 financial firms after data leaks at 37 companies
More than 470,000 personal data records have leaked from 37 South Korean financial companies over the past month, including four commercial banks, and about 1 billion won has been stolen, the Financial Services Commission said on Thursday.
Korean regulator fines seven banks 361.96 billion won over Hong Kong-linked ELS sales
South Korea's Financial Services Commission imposed its largest-ever monetary sanction, about 374.6 billion won including brokerages, with KB Kookmin Bank fined 172.33 billion won.
Bank of England consults on tokenisation of collateral in central clearing until 12 February 2027
The Bank of England says existing rules are not a barrier to central counterparties accepting tokenised forms of eligible collateral that meet clearing standards, and its consultation closes on 12 February 2027.
UK Budget doubles bank surcharge to 6% for 15 months to fund energy support
Finance minister John Healey is doubling the surcharge on bank profits to 6% from 3% for 15 months, a rise the finance ministry estimates will raise £1.5 billion.
Societe Generale faces 2.37% Pillar 2 requirement from 1 January 2027
The ECB has set Societe Generale's Pillar 2 Requirement at 2.37%, including at least 1.39% in CET1, from 1 January 2027, against 2.36% for 2026.
Reserve Bank of New Zealand proposes six capital rule changes, including lower credit card risk weights
The Reserve Bank of New Zealand is consulting on six changes to how lenders assess regulatory capital, aiming to align requirements with lending risks, with submissions closing at 5pm on 1 December 2026.
Brazil's central bank sets new rules for credit offers within Pix from July 2027
The rules, set out in a resolution due to take effect on 1 July 2027, aim to reinforce institutions' responsibilities in offering and granting credit and to give Pix users greater protection and transparency.
Fed to propose higher supervisory category thresholds by year-end, Bowman says
The Federal Reserve will propose by year-end to let more banks stay in the lowest level of regulatory scrutiny, with Vice Chair for Supervision Michelle Bowman suggesting thresholds track GDP growth since 2019.
Bangladesh Bank proposes cutting family seats on bank boards to two from three
Bangladesh Bank's draft Bank Company Act amendment would cap family members at two board seats, down from three, and halve director tenure to six years, resisting pressure from bank owners.