Regulations
Regulatory developments, compliance updates, and policy changes in global finance.
Upgrade applied for Nevada industrial bank charter and federal insurance
US fintech Upgrade applied to establish a Nevada-chartered industrial loan bank with federal deposit insurance, seeking a wholly owned banking subsidiary alongside its existing partner-bank model.
UK tribunal set February hearing for motor-finance challenges from lenders
Britain’s Upper Tribunal scheduled 16–26 February 2027 hearings for challenges to the FCA’s motor-finance compensation scheme, which the regulator estimates could cost the industry £9.1 billion.
India postponed UPI merchant fee rollout until after Diwali festival
India’s payments operator postponed a planned 0.4% merchant discount rate on eligible UPI transactions above Rs2,000, moving the 15 October start until immediately after Diwali.
Visa won approval to prepare China domestic bankcard clearing business
Visa received central-bank approval to begin formal preparations for a domestic bankcard clearing institution in China, advancing its market-entry plans without disclosing a launch timetable.
Spain amended financial rules covering bank resolution and deposit guarantees
Spain's Royal Decree 813/2026 updated anti-money-laundering and financial-market rules, including bank-resolution funding, deposit guarantees, a 3% takeover disclosure threshold and provisions for non-European dual listings.
Bank of Algeria tightened reporting rules for banks and payment providers
The Bank of Algeria issued three instructions requiring periodic digital reporting from banks, financial institutions and payment providers, with submissions due within 15 calendar days.
FSB flagged cross-border stablecoin risks as market held near $300 billion
The Financial Stability Board said global stablecoins carried cross-border liquidity, legal and operational risks, while their market value stood near $300 billion and 99% remained dollar-pegged.
Vietnam capped AI-automated bank payments under new sector risk-management rules
Vietnam's central bank capped AI-executed daily payments at VND100 million for individuals and VND500 million for organisations under banking rules effective 15 November, with existing systems due to comply by March 2027.
India's RBI tightened rupee derivatives rules and opened oil dollar window
India's RBI opened a special dollar window for three state oil companies and tightened foreign-exchange derivatives rules, helping the rupee rise nearly 1% on Monday.
FCA proposed 90-day notice period for UK illiquid investment funds
The FCA proposed a 90-day minimum redemption notice for in-scope UK retail funds holding mainly illiquid assets, with existing funds receiving two years to comply.
ESMA set three-month deadline for non-compliant stablecoin services across Europe
ESMA told national supervisors to ensure authorised crypto firms stop services involving non-MiCA-compliant stablecoins, with remaining pre-existing exposure remedied as soon as possible and within three months.
Bank of Ghana proposed 100% liquidity coverage ratio for licensed banks
Bank of Ghana proposed a 100% liquidity coverage ratio for licensed banks, with comments due by 30 November and implementation scheduled for 1 September 2027.