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Australian Securities and Investments Commission reports improved climate disclosures, consolidates relief and strengthens enforcement
The Australian Securities and Investments Commission reported stronger mandatory climate disclosures but identified gaps in financial statement connectivity, quantitative financial effects and value chain assessments. It also consolidated reporting and audit relief, while late filing surveillance has produced 27 infringement notices totaling more than AUD 5 million since August 2025. Audit oversight and greenwashing action are continuing, including Big Four surveillance and a AUD 7.3 million ESG fund penalty.
Hong Kong Monetary Authority reports seven credit approvals in first IP Financing Sandbox pilots
The Hong Kong Monetary Authority reported seven credit approvals under the first Intellectual Property Financing Sandbox pilots, with loans ranging from HKD 1 million to HKD 39 million. Banks used independent patent and trademark valuations in their credit assessments, while the pilots identified opportunities to improve professional fee support, valuation processes and market capabilities.
Monetary Authority of Singapore launches consultation on targeted corporate governance changes for banks and insurers
The Monetary Authority of Singapore is consulting on stronger director independence, board composition and key appointment requirements for banks, insurers and designated financial holding companies. More systemically important or retail-focused institutions would face tighter standards, while lower-impact firms would receive streamlined approval requirements.
Australian Transaction Reports and Analysis Centre issues infringement notices over AML/CTF enrollment failures
The Australian Transaction Reports and Analysis Centre has begun issuing infringement notices to real estate, accounting and jewellery businesses over AML/CTF enrollment failures. Penalties start at AUD 21,840 for companies and AUD 4,368 for individuals and can accrue daily. The action follows the regime’s July 1, 2026, expansion to additional professional and property related sectors.
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Updated just nowView the key developments for the period from September 21 - 27 2026 in the latest Global Regulator & Central Bank News Roundup. Access Regxplora on the go with our new iOS app.
Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.
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206 updates in the past 7 daysThe Office of the Commissioner of Financial Institutions of Puerto Rico restricted Banex chairman and sole shareholder Luis A. Gasparini Sr. from controlling bank funds or disposing of assets allegedly financed with depositor money. The complaint seeks at least USD 13.78 million in restitution, USD 800,000 in fines and his removal and disqualification. The proposed sanctions remain subject to an administrative hearing on Oct. 6, 2026.
The Cyprus Ministry of Finance has formalized the appointments of Giorgos Karatzias as chair and Loukas Lagoudis as vice chair of the Cyprus Securities and Exchange Commission. Their appointments have been effective since Sept. 15, 2026.
The Office of the Commissioner of Financial Institutions of Puerto Rico immediately revoked Banex International Bank’s license, ordered it to cease operations and placed it into receivership and liquidation after finding it insolvent. The regulator cited more than USD 24 million in untraceable funds, capital funded with depositors’ money and extensive related-party receivables. It also proposed USD 534,000 in administrative fines, subject to adjudication.
The Office of the Commissioner of Financial Institutions of Puerto Rico ordered Banex International Bank into liquidation and appointed Driven P.S.C. as receiver after finding it insolvent. The regulator cited USD 46.9 million in depositor obligations against USD 10.2 million in cash and cash equivalents, more than USD 24 million in unverified in transit funds and extensive related party receivables. The receiver will take control of the institution, recover and liquidate assets, and administer depositor and creditor claims.
The Cyprus Ministry of Finance formalized the appointments of George Karatzias as CySEC chairman and Loukas Lagoudis as vice chairman. Their appointments have been effective since Sept. 15, 2026.
The Central Bank of the Dominican Republic is consulting on changes to the prudential capital adequacy rules that would incorporate operational risk capital into the solvency ratio formula. The amendments would align the framework with the revised Regulation on Operational Risk and apply from April 12, 2027.
Egypt’s Financial Regulatory Authority and the National Council for Women signed a protocol to expand women’s access to nonbank finance, financial technology and financial education while strengthening fraud prevention. The initiative includes joint training, data sharing and support for women-owned businesses, overseen by a joint committee.
Saudi Arabia’s Capital Market Authority is consulting on tighter IPO rules that would require book building orders to reflect participants’ actual liquidity and become binding for payment. The proposals would strengthen underwriting obligations and require issuers to provide at least one year of forward looking financial information. If approved, the provisions will take effect on Nov. 2, 2026.
The Reserve Bank of India has standardized commercial banks’ valuation of InvIT and REIT instruments with immediate effect. Quoted holdings follow existing quoted security rules, while unquoted units generally use disclosed net asset value and must be valued at INR 1 if required disclosures are not made or the units are classified as infrequently traded.
The Reserve Bank of India has standardized local area banks’ valuation of InvIT and REIT instruments with immediate effect. Quoted holdings follow existing quoted security rules, while unquoted units generally use disclosed net asset value and must be valued at INR 1 if required disclosures are not made or the units are classified as infrequently traded.