Regnology Nexus Briefing | November 2026

05 Nov 2026: The European Banking Authority (EBA) published revised Guidelines on internal governance under the Capital Requirements Directive, reflecting CRD VI. The package covers mapping of duties for management-body members and key function holders, third-country-branch governance, conflicts of interest and internal control frameworks, with a more proportionate, risk-based approach. Versus the consultation draft, the final version reduces detail on duty mapping and individual statements, eases third-country-branch provisions, simplifies conflicts-of-interest rules and cuts diversity-monitoring granularity. The Guidelines await translation into EU official languages before application.

03 Nov 2026: The European Central Bank (ECB) continued its Integrated Reporting Framework (IReF) industry workshop series during the implementation phase, ahead of the public consultation on the draft IReF Regulation. The 22 October high-level session covered the Regulation's scope, reporting population, proportionality and derogations, timeline, and transition (pilot and parallel reporting). The 3 November workshop addressed modelling of reporting requirements, country-specific requirements and the role of the Banks’ Integrated Reporting Dictionary (BIRD) in standardizing processes across the banking sector.

30 Oct 2026: The European Insurance and Occupational Pensions Authority (EIOPA) published final advice on (re)insurance disclosures under the Taxonomy Disclosures Delegated Act. It proposes renaming the Underwriting KPI to an Adaptation Underwriting KPI, using a common numerator based on premiums attributable to climate-related perils, and limiting the denominator to eight eligible lines of business. EIOPA also recommends removing gas and nuclear underwriting breakdowns, using Investment or Underwriting KPI for group exposure, and aligning with the other European Supervisory Authorities (ESAs) on parent-KPI group disclosures without an OpEx KPI for financial undertakings.

30 Oct 2026: ECB Banking Supervision updated its list of additional supervisory reporting data quality checks. The list now follows the EBA DPM-XL format, aligned with EBA validation rules, with the next update due before end-April 2027 and the first reference date 30 June 2027. Significant institutions are strongly encouraged to comply before submission to the national competent authorities.

29 Oct 2026: EBA advised the European Commission on Article 8 Taxonomy disclosures for credit institutions and investment firms. The advice recommends removing the Fees and Commissions and Trading Book KPIs, simplifying investment firms' other-services KPI, aligning grandfathering with the EU Green Bond Regulation, and simplifying group disclosures via the parent undertaking's KPIs. It also proposes clearer Green Asset Ratio templates for credit institutions.

29 Oct 2026: The European Securities and Markets Authority (ESMA) published Final Report technical advice to the European Commission on simplifying Taxonomy KPIs under the Disclosures Delegated Act. ESMA recommends narrowing the mandatory OpEx KPI to non-capitalized research and development expenditure, simpler group reporting including removal of the weighted-average KPI, and more proportionate templates, coordinated with the other ESAs.

28 Oct 2026: The European Financial Reporting Advisory Group (EFRAG) Financial Reporting Board met to discuss key messages for its IASB comment letter on Risk Mitigation Accounting (RMA), the proposed IFRS 9 / IFRS 7 model for dynamic repricing-risk management. EFRAG supports a principle-based model aligned with actual risk management, seeks a wider portfolio scope, and says that time bands, lower-of, and excess tests need to be redesigned before IAS 39 (including the EU carve-out) can be withdrawn. The meeting also covered the IFRS 9 hedge-accounting post-implementation review.

21 Oct 2026: ESMA published reporting instructions for the MiCA Digital Assets Surveillance (MIDAS) system (ESMA65-955014868-17690). Crypto-asset service providers must submit UTF-8 JSON via SFTP on a generally fortnightly cycle: auth.117 execution reports for all CASPs and auth.118 order-book data for trading-platform CASPs, under NCA-ESMA delegation for market-abuse monitoring.

20 Oct 2026: ESMA published its Final Report on draft RTS for post-trade risk reduction (PTRR) services whose OTC derivative transactions may qualify for the EMIR 3 clearing-obligation exemption. The draft sets conditions for providers and users on participant information, exercise design, controls, record-keeping and exemption monitoring, and will go to the European Commission for endorsement.

15 Oct 2026: ECB Banking Supervision announced that, because IFRS 18 applies from 1 January 2027 while the amended EBA ITS is expected only from September 2027, significant institutions may voluntarily use IFRS 18-aligned FINREP templates in EBA package 4.4 Phase 1 (for example F 02.01 and F 16.01.1) with matching ECB Annex A/B mappings. Less significant institutions may do so only where NCAs allow; NCAs will collect each institution’s choice between IAS 1 and IFRS 18.

15 Oct 2026: ESMA updated its transparency manual with new guidance on identification and reference data for OTC derivatives subject to transparency, including for consolidated-tape consistency, and strengthened tick-size guidance. OTC identifying-reference-data material remains draft until RTS 2 and related consolidated tape input/output RTS enter into force.

14 Oct 2026: The EBA classified USDC, issued by Circle Internet Financial Europe SAS, as a significant e-money token under MiCA. From 12 November 2026, the EBA assumes responsibility for own funds, reserves of assets, liquidity, and recovery and redemption plans, while the Autorité de contrôle prudentiel et de résolution (ACPR) retains governance, qualifying holdings, fit-and-proper, outsourcing, and conflicts of interest supervision.

13 Oct 2026: The Joint Committee of the ESAs (EBA, EIOPA and ESMA) published its Annual Work Programme for 2027. Priorities include digital operational resilience, AI and technological innovation, sustainable finance, securitization and cross-sectoral risk monitoring. Under DORA, the ESAs will continue to oversee critical third-party ICT providers and reinforce cyber preparedness, while supporting the Commission’s Savings and Investment Union agenda.

13 Oct 2026: ESMA outlined the European Common Enforcement Priorities for 2026 annual financial reports of listed issuers. IFRS priorities cover geopolitical risks and restructuring provisions and debt restructuring. Sustainability statements under the ESRS should advance materiality assessment and related IRO information; for ESEF digital reporting, ESMA highlights common filing errors in the statement of changes in equity.

12 Oct 2026: The EBA released the final technical package for reporting and disclosure framework 4.4 (Phase 1), including DPM, validation rules and XBRL taxonomies. It covers IFRS 18 FINREP (voluntary from 31 March 2027), Pillar 3 ESG, equity and shadow-banking disclosures (from 31 December 2026; SNCIs 31 December 2027), selected FRTB templates (March 2027), and resolution/MREL fixes. A second phase in early 2027 will implement the supervisory reporting simplification package from September 2027.

12 Oct 2026: The EBA published a Final Report proposing draft RTS amendments on prudential requirements for central securities depositories and designated credit institutions offering banking-type ancillary services. The changes respond to the CSDR Refit, allowing banking CSDs to provide cash and FX-related payment services to other CSDs while updating prudential and notification requirements to contain interconnectedness risk.

09 Oct 2026: ESMA launched a Call for Evidence on tokenized collateral use by central counterparties, with responses due by 15 January 2027. The consultation examines the transfer, management, protection, and use of collateral throughout its lifecycle, while emphasizing that CCP collateral must remain high-quality, legally enforceable, highly liquid, and operationally available in periods of stress.

09 Oct 2026: The Single Resolution Board (SRB) published its response to the Commission MiCA consultation. It calls for data sharing on material token-to-token linkages and concentration risks with credit institutions; coordination with the MiCA-resolution authority, including redemption-plan notifications; stronger BRRD/SRMR interaction on reserve deposits and depositor protection; and proportionate crisis management for significant tokens issued by non-credit institutions.

09 Sep 2026: ESMA launched a public consultation on a package of materials under the Prospectus Regulation to reflect changes introduced by the Listing Act. The package includes proposed updates to the guidelines on disclosure requirements and to the Q&As on the Prospectus Regulation. The measures aim to promote supervisory convergence and contribute to ESMA’s simplification efforts.

04 Nov 2026 : The Bangko Sentral ng Pilipinas has issued a draft circular amending the credit risk capital requirements under the Risk-Based Capital Adequacy Framework, aligning the credit risk capital charge with Basel III standards where practicable in the domestic context. The proposal introduces more granular, risk-sensitive exposure classifications and recalibrated risk weights, supported by prudent credit risk management practices. Key provisions cover bank exposures, with distinct risk weights for short-term exposures and Grades A, B and C for unrated banks, and lower risk weights for local government units under certain conditions.

02 Nov 2026: The Hong Kong Monetary Authority (HKMA) announced that EnsembleTX now supports interbank settlement of tokenized deposit transactions in tokenized Central Bank Money on a 24/7 basis, with 12 participating banks and 20 industry pioneers. The upgrade extends settlement beyond conventional HKD RTGS hours for corporate treasury and tokenized money-market fund use cases, building on Project Ensemble’s October 2026 Interoperability Standard, Taxonomy and Business Use Case Report with the Securities and Futures Commission (SFC).

02 Nov 2026: The Bank of Thailand (BOT) opened a public hearing from 2 November to 1 December 2026 on remaining Basel III Reform elements not yet applied in Thailand: credit RWA (standardized and IRB), counterparty credit risk for derivatives, market-risk capital, and operational-risk standardized approach capital. Feedback will inform the BOT's final prudential rules.

29 Oct 2026: The Bangko Sentral ng Pilipinas (BSP) issued M-2026-048 setting XML submission guidelines via PRIME under BRMS. Banks must file a Supplemental SBGPCL report for reference periods from 31 December 2026 through 31 March 2027. FRP version 15 remains official through 31 May 2027; live FRP version 16 starts 30 June 2027, after which stand-alone INTRADAY, AFRD, DDA, LEX, SBGPCL and NSA reports are discontinued and FRP v16 penalties are strictly enforced.

29 Oct 2026: The Australian Prudential Regulation Authority (APRA) published updated APRA Connect ADI taxonomy artefacts, including ARS 110.0 Capital Adequacy (V26) for reporting periods ending on or after 1 January 2027. The update implements APRA's Additional Tier 1 capital-instrument reforms in the capital-adequacy collection (ADI_uCAPAD.xsd), alongside current artefacts for credit risk, operational risk, repricing analysis and IRRBB. ADIs should refresh Connect mappings and validation ahead of the first 2027 reporting period.

23 Oct 2026: The Reserve Bank of India (RBI) issued the Commercial Banks - Prudential Norms on Capital Adequacy Eleventh Amendment Directions, 2026, aligning the leverage-ratio framework with the BCBS 2017 standard from 1 April 2027. D-SIBs must meet 4% and other banks 3.5%; G-SIB branches in India must meet 3.5% plus the applicable G-SIB buffer, with distribution constraints if the buffer is missed. Quarter-end calculation applies (more frequent averaging only with RBI approval), and banks must publish LR1 and LR2 disclosure templates.

29 Oct 2026, the Monetary Authority of Singapore (MAS) issued Notice 642 and Notice 1113 on motor vehicle loans. Loan-to-value (LTV) caps: 70% of OMV ($20,000 or less); 60% of OMV (more than $20,000).

23 Oct 2026: The RBI issued the Commercial Banks - Forthcoming Instructions Second Amendment Directions, 2026, amending Minimum Capital Requirements for Operational Risk from 1 April 2027. The changes refresh Business Indicator mappings to financial-statement schedules, clarify Internal Loss Multiplier calculations using 10 years of high-quality loss data (or at least 5 years on the first ILM application), and add guidance on measuring losses when assets are damaged, repaired, or replaced.

15 Oct 2026: The HKMA issued supervisory materials on responsible AI adoption under the ART Framework (Accountability, Resilience and Trust). The package updates guidance on AI strategies, use-case owners, proportionate lifecycle controls and human oversight, summarizes Generative AI Sandbox insights, and publishes a concept note on agentic-AI governance ahead of a forthcoming discussion paper.

12 Oct 2026: The HKMA published a Practice Guide on Data Excellence that operationalizes DataGRID (Granularity, Reliability, Ingenuity, Discoverability) across governance and accountability, data-quality management and data infrastructure. The guide is non-prescriptive and complements Granular Data Reporting 3.0, with practical examples for supervisory collections and internal risk uses.

09 Oct 2026: The BSP issued Circular No. 1241 adopting the Basel III new standardized approach (NSA) for operational risk capital for universal and commercial banks, digital banks, and subsidiary banks and quasi-banks. Parallel CAR reporting continues during a monitoring period, with full NSA adoption from the end-December 2027 report date; early adoption is allowed with prior BSP notice.

30 Oct 2026: The Prudential Authority's Circular 4/2026, issued under section 6(4) of the Banks Act, 1990, sets out the prescribed capital treatment of investments in banking, financial, securities, insurance and commercial entities, along with reporting requirements for threshold items that are not fully deducted from qualifying capital and reserve funds. It replaces Circular 4/2013 and Circular 5/2013 and follows the implementation of Basel III post-crisis reforms effective 1 July 2025, which changed the BA700 form and related reporting returns without introducing substantive changes to prudential treatment.  

21 Oct 2026: The Prudential Authority addresses inconsistencies in the regulatory audit process for Banks Act (BA) returns. This proposed directive aims to standardize the version of BA returns that auditors use for their assurance opinions, as current varying practices create an 'uneven playing field' and limit supervisory visibility into adjustments made after initial submissions. By requiring auditors to base their opinion on the latest submitted returns while also reporting all interim adjustments, the PA seeks to enhance transparency and align with the Basel Core Principles for Effective Banking Supervision, ensuring a consistent and thorough independent verification of banks' regulatory reporting.