Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
European Central Banks Proposed Flexible MiCA Liquidity Rules for Stablecoins
The European System of Central Banks proposed replacing MiCA's 30% to 60% bank-deposit requirements for stablecoin reserves with minimum holdings of highly liquid assets maturing within five working days.
Swiss Senate Backed 90% CET1 Requirement for UBS Foreign Subsidiaries
Switzerland's Council of States backed a 90% CET1 requirement for UBS's foreign subsidiaries by 29 votes to 16, rejecting a softer structure as the bill moved to the lower house.
UBS Chief Rejected 90% Swiss Capital Proposal Before Parliamentary Vote
UBS chief Sergio Ermotti rejected a 90% CET1 backing proposal as no meaningful compromise, favouring a 50% CET1 and 50% AT1 alternative before Switzerland’s upper-house vote.
PhonePe Secured Two UAE In-Principle Approvals for Planned Payments Expansion
PhonePe secured in-principle UAE approval for two licences covering retail payments, card schemes and stored value facilities, while final regulatory clearance remains necessary before the Indian fintech can begin commercial operations.
Kenya Central Bank Proposed Dividend Curbs and New Capital Buffers
Kenya's central bank proposed barring dividends at banks with core capital below 8.625% of risk-weighted assets and adding new countercyclical buffers of up to 2.5%.
Reserve Bank of India Finalised Basel Market-Risk Capital Rules for Banks
The Reserve Bank of India finalised Basel III market-risk capital requirements for Indian banks, with the new trading-book framework taking effect on 1 April 2027.
Hong Kong Considers Bank Climate Disclosures Ahead of 2027 Taxonomy Survey
Hong Kong’s monetary authority is considering further bank climate-finance disclosures, with a survey planned for 2027 to assess how lenders use its sustainable finance taxonomy before any supervisory changes.
Avant applied for US bank charter to expand lending and deposits
Avant applied to US regulators to establish a national bank, seeking deposit funding and greater control over a lending business that has served approximately 4.8 million customers.
FCA Identified Small Business Lending Barriers and Outlined Targeted Regulatory Reforms
The Financial Conduct Authority outlined steps to improve small business finance after finding that SMEs receive 21% of UK business lending, while its own regulation was not a major barrier.
Turkey Assigned 131 Investment Funds to İşbank and Ziraat for Liquidation
Turkey’s markets regulator assigned 131 investment funds managed by seven portfolio companies to İşbank and Ziraat Bank for liquidation, affecting assets reported above TRY890 billion.
ECB Revised Bank Licensing Guide for Authorisations and Charter Extensions
The ECB revised its bank licensing guide, replacing the 2019 version and clarifying how supervisors assess initial authorisations, bridge-bank applications and extensions across the Single Supervisory Mechanism.
US OCC Conditionally Approved Bastion’s Conversion Into National Trust Bank
The US OCC conditionally approved Bastion Platforms Trust Company’s conversion into an uninsured national trust bank authorised for specified stablecoin, custody and conversion services, subject to completion requirements.