Regnology Nexus Briefing | April 2026

01 Apr 2026: The Prudential Regulation Authority (PRA) released a consultation paper (CP6/26) on high loan-to-income (LTI) mortgage lending. The consultation seeks views on potential changes to the Financial Policy Committee’s LTI flow limit recommendation, aiming to ensure the mortgage market remains resilient and that lending standards do not become excessively risky, particularly in a changing economic environment.

26 Mar 2026: The PRA issued a policy statement (PS9/26) finalizing amendments to the reporting templates for the minimum requirement for own funds and eligible liabilities (MREL). These changes aim to improve the quality and consistency of data collected from firms, enhancing the PRA's ability to monitor resolvability and ensure that banks have sufficient loss-absorbing capacity in a crisis. 

26 Mar 2026: The PRA released final rules (PS10/26) that amend the thresholds for resolution assessments and the frequency of recovery plan reviews. The changes aim to ensure a proportionate application of regulatory requirements, focusing supervisory intensity on firms where the greatest risks lie while reducing compliance burden on smaller, less complex institutions. 

26 Mar 2026: The PRA published a policy statement (PS11/26) on the disclosure of resolvability resources and capital distribution constraints. The new rules enhance the transparency of firms' Pillar 3 disclosures, providing market participants with clearer information on a bank's ability to be resolved in an orderly manner and the constraints it may face in distributing capital.

26 Mar 2026: The Financial Conduct Authority (FCA) published its annual Perimeter Report, outlining its view on the boundaries of financial regulation. The report discusses emerging issues at the perimeter, such as crypto assets and "buy now, pay later" products, and highlights areas where legislative changes may be needed to protect consumers and maintain market integrity.

18 Mar 2026: The PRA published its policy statement (PS7/26) on operational resilience, setting out final rules for operational incident and third-party reporting. The new requirements are designed to enhance supervisory awareness of operational disruptions at firms and their key business services, ensuring that regulators have a clearer view of systemic risks and firms' ability to respond and recover effectively. 

08 Apr 2026: The Reserve Bank of India (RBI) announced multi-domain regulatory changes across supervision, payments, and financial markets. A key change is the relaxation in CRAR computation (removal of the restriction on including quarterly profits). RBI will also introduce a new classification structure for NBFCs by end-April which is expected to refine regulatory segmentation and supervisory treatment. 

02 Apr 2026: The Hong Kong Monetary Authority (HKMA) announced the upcoming implementation of its Granular Data Reporting (GDR) 3.0 initiative. In a circular to authorized institutions, the regulator outlined a fundamental shift from aggregated, template-based reporting to data-point-centric submissions, building on a new "DataGRID" framework. The initiative, to be implemented in phases, aims to enhance supervisory agility and forward-looking capabilities by collecting granular data at source. The HKMA will adopt a "co-design" approach with the industry throughout 2026 to finalize the implementation plan. 

02 Apr 2026: The Australian Prudential Regulation Authority (APRA) began consulting on a proposed FAQ to clarify the liquidity treatment of deposits that Minimum Liquidity Holdings (MLH) ADIs place with settlement service providers. The guidance confirms that any deposits encumbered to secure settlement obligations do not qualify as MLH liquid assets, aligning with APS 210, which requires such assets to be freely available for use. Subject to industry feedback due by April 24, 2026, APRA proposes that ADIs apply this clarified treatment in their September 2026 quarterly liquidity reporting, with no restatement of historical data required. The final FAQ is expected to be published by May 15, 2026. 

31 Mar 2026: APRA launched a consultation on the remaking of its standards for Level 3 conglomerate groups. The consultation seeks to modernize and streamline the prudential framework for groups comprising both authorized deposit-taking institutions and insurance companies, ensuring it remains fit for purpose in supervising complex financial groups. 

27 Mar 2026:  APRA announced the immediate and accelerated decommission of its legacy Direct to APRA (D2A) data submission system. This precautionary action was taken after security vulnerabilities were identified during a routine test. APRA has instructed all entities to immediately uninstall the D2A client to mitigate residual risks and is accelerating its program to migrate all data collections to the modern APRA Connect portal. In the interim, firms must contact APRA directly for secure instructions on meeting their reporting obligations. 

20 Mar 2026: The Monetary Authority of Singapore (MAS) announced a partnership with industry players to develop a risk management toolkit for the use of Artificial Intelligence (AI) in the financial sector. The initiative aims to promote the responsible adoption of AI by providing guidance on governance, risk assessment, and controls, helping firms to innovate while managing the associated risks.