Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
India’s RBI eased approval rules for institutional stakes in banks
India’s central bank allowed eligible mutual funds, insurers and pension funds to seek one-time approval for aggregate bank shareholdings of up to 10%, replacing repeated approvals around the 5% threshold.
US SEC proposed crypto custody rules for advisers and funds
The US Securities and Exchange Commission proposed custody rules allowing conditional self-custody and state trust companies for crypto assets held by investment advisers and regulated funds.
Kenya licensed 29 additional digital lenders as regulated provider count reached 281
Kenya’s central bank licensed 29 additional digital credit providers, raising the regulated total to 281 after firms had issued 9.6 million loans worth KSh165.1 billion by August.
US SEC proposed rules to broaden retail access to private markets
The US SEC proposed rule changes on adviser performance fees and interval and closed-end funds to expand retail access to private markets, and sought comment on new ways to qualify as an accredited investor.
Federal Reserve finalised stress-test reforms to cut capital volatility for large banks
The Federal Reserve finalised two stress-testing rules, including averaging two years of results from 2028, changes it said were likely to cut year-over-year volatility in large-bank capital requirements by about 50%.
Peru’s regulator authorised BTG Pactual to open a corporate-focused bank
Peru’s banking regulator authorised Banco BTG Pactual Peru to operate, completing a process started in July 2025 and preparing a new bank focused on corporate and institutional clients.
Basel Committee chair warned fragmented supervision could make cross-border risks harder to manage
Basel Committee chair Erik Thedéen warned that supervisory fragmentation could widen information gaps, increase regulatory arbitrage and make increasingly interconnected cross-border financial risks harder to manage.
India’s Supreme Court refused interim stay on UPI merchant fee
India’s Supreme Court refused to pause the 0.4% UPI merchant fee for specified payments above ₹2,000, while seeking affidavits from the Centre, RBI and NPCI within four weeks.
FINMA imposed CHF250 million capital add-on after Julius Baer breaches
FINMA ordered Julius Baer to hold an additional CHF250 million of capital after finding serious risk-management and anti-money-laundering breaches spanning private-debt lending and high-risk client relationships.
EBA proposes streamlined capital and liquidity decisions for cross-border banking groups
The European Banking Authority proposed revising supervisory-college procedures for bank-specific capital and liquidity decisions, including an integrated risk report and explicit coverage of Pillar 2 guidance.
Tunisia's central bank overhauls payment-institution rules, raising account caps and mandating annual cybersecurity audits
Circular 2026-10, published on 25 September, replaces the 2018 framework for payment institutions, raising payment-account balance caps and requiring annual IT security audits by ANCS-certified firms.
New Zealand orders independent review of TSB capital and liquidity reporting
New Zealand’s central bank required TSB to commission an independent prudential review, which Deloitte will carry out, after the lender identified errors affecting its capital and liquidity ratio calculations and regulatory reporting.