Regnology Nexus Briefing | September 2026

26 August 2026: The European Banking Authority has initiated a public consultation on new draft Regulatory Technical Standards (RTS) that define the operational risk management framework for financial institutions under the Capital Requirements Regulation (CRR3). The proposed standards cover governance, risk management processes, and assessment systems, with more proportionate requirements for smaller institutions. The consultation period is open until 31 December 2026, and a public hearing will be held on 29 September 2026.

25 August 2026: EBA launched a consultation on three draft Regulatory Technical Standards (RTS) regarding the reclassification of investment firms as credit institutions when their total assets exceed EUR 30 billion. The proposals clarify how total assets should be calculated, the reporting requirements for firms, and the conditions under which competent authorities can grant a waiver from this reclassification. The consultation is open until 25 November 2026, with a public hearing on 30 September 2026.

14 August 2026: The European Securities and Markets Authority (ESMA) announced the go-live for the new weekly commodity derivatives position reporting framework on September 3, 2026. This will require market participants to submit weekly position reports in accordance with updated technical specifications and validation rules introduced by XML schema version v2.0.

12 August 2026: The Swiss National Bank (SNB) welcomed the measures proposed by the Federal Council to strengthen "too big to fail" regulations. The planned measures are a crucial step towards addressing regulatory weaknesses highlighted by the Credit Suisse crisis and will further strengthen the stability of the Swiss financial system.

Starting from November 2026, the metadata for the Banks’ Integrated Reporting Dictionary (BIRD) will be delivered using the new SMCube 2.0 standard. This technical update is a key step in the ongoing effort to harmonize and standardize supervisory and statistical reporting for banks across the Eurosystem. The ECB has provided supporting documentation and practical examples to assist institutions in transitioning to the new information model.

1 September 2026: The Monetary Authority of Singapore (MAS) published a consultation paper on legislative amendments to implement its regulatory framework for single-currency stablecoins. The proposed framework will allow qualifying issuers to label their products as "MAS-regulated stablecoins," subject to strict requirements on value stability, capital, and redemption at par. The consultation also seeks feedback on recognizing certain foreign-issued stablecoins, prohibiting interest payments on MAS-regulated stablecoins, and implementing additional consumer protection and financial stability safeguards.

28 August 2026: The Hong Kong Monetary Authority (HKMA) launched a consultation with the banking industry on proposed revisions to its Supervisory Policy Manual (SPM) module CA-B-2, "Systemically Important Banks". The consultation seeks feedback on updates to the framework for identifying and supervising domestic systemically important, authorized institutions (D-SIBs). The consultation will close on 28 September 2026.

27 August 2026: HKMA, along with other financial regulators, announced the first cohort for the GenA.I. Sandbox++, selecting 36 use cases involving 30 financial institutions. This cohort will focus on testing more autonomous "agentic A.I." applications across end-to-end processes such as customer onboarding and payments and will also explore how AI can provide dynamic oversight of other AI applications. The initiative aims to foster innovation and responsible AI adoption, strengthening Hong Kong's position as a financial technology hub.

20 August 2026: The Australian Prudential Regulation Authority (APRA) published its 2026-27 Corporate Plan, outlining its strategic priorities for the next four years. The plan focuses on ensuring the risk management practices of banks, insurers, and superannuation trustees keep pace with a rapidly moving threat environment.

20 August 2026: HKMA issued revised implementation guidance on the credit risk framework under the Banking (Capital) Rules. The updates to the chapters on the Standardised (STC) and Internal Ratings-Based (IRB) approaches address findings from a recent Basel Committee assessment and industry requests for clarification. Key revisions include new Q&As on the look-through approach for fund investments, the recognition of guarantees, and operational requirements for real estate collateral under the IRB approach.

12 August 2026: The Reserve Bank of India (RBI) has invited public comments on draft directions to create a harmonized, principles-based framework for setting interest rates on loans and advances across all regulated entities. The proposal seeks to address inconsistencies in current practices, particularly between commercial banks and other entities like NBFCs and co-operative banks, and introduces clearer guidelines for both fixed- and floating-rate loans. The goal is to ensure effective monetary policy transmission and fair treatment of borrowers. Comments are invited until September 11, 2026.

07 Aug 2026: The Philippine Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) formalized a stronger institutional partnership to simplify compliance processes and enhance the delivery of public services. A key initiative is a proposed Unified Audited Financial Statements (AFS) Submission Portal to reduce duplicative submissions.

7 August 2026: HKMA issued an update to its Liquidity Facilities Framework for authorized institutions, following a review. While confirming that the framework remains adequate and effective, the HKMA has refined the minimum haircuts for eligible collateral to enhance its efficacy. The new haircut schedule, detailed in an enclosure, supersedes the previous operational note annex with immediate effect.

07 August 2026: RBI invited public comments on draft directions for a revised Credit Valuation Adjustment (CVA) framework, aligning with the final Basel III standards. The proposed framework introduces a new basic approach (BA-CVA) and allows banks with insignificant derivative volumes to use a simpler method. The revisions aim to enhance risk sensitivity by clarifying CVA hedge recognition, increasing the granularity of counterparty risk weights, and separating systematic and idiosyncratic risk components. The consultation closed on 28 August 2026.