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Reserve Bank of India consolidates requirements for bank credit facilities to Scheduled Castes and Scheduled Tribes
The Reserve Bank of India has consolidated its instructions to scheduled commercial banks on expanding credit to Scheduled Caste and Scheduled Tribe borrowers. Banks must support applicants, avoid deposits and delayed subsidies under specified government programs, subject rejections to higher level review and monitor credit flows quarterly. Reporting remains linked to the priority sector lending framework.
Reserve Bank of India withdraws 268 currency management circulars after consolidating operative instructions
The Reserve Bank of India has withdrawn 268 currency management circulars and guidelines issued between 1976 and 2025. Operative provisions have been consolidated into Master Directions or subject-specific instructions, while obsolete or redundant materials have been removed.
South Korea Financial Services Commission finds crypto trading down 44% and domestic holdings value down 33% in first half of 2026
The South Korea Financial Services Commission reported that average daily cryptoasset trading fell 44% to KRW 3.1 trillion in the first half of 2026, while the value of domestic holdings dropped 33% to KRW 58.9 trillion. Won markets remained dominant, and exchange operating profit declined 78% despite a 0.4% increase in tradable accounts. The authority also flagged liquidity and volatility risks among assets listed on only one domestic exchange.
South Korea Financial Services Commission consults on tokenized securities rules for February 2027 rollout
The South Korea Financial Services Commission is consulting on implementing rules for the tokenized securities framework due to take effect on Feb. 4, 2027. The proposals set eligible securities, distributed ledger conditions and a KRW 4 billion capital requirement for issuer account managers. They also establish an over-the-counter license category for debt securities and cap each retail investor’s annual net purchases at KRW 100 million per venue.
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Last update: 21 min agoView 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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237 updates in the past 7 daysThe Australian Prudential Regulation Authority has reviewed progress in simplifying prudential requirements without lowering safety standards. Eight of nine initiatives from its 2025-26 Corporate Plan are expected to be finalized by the end of 2026, alongside further capital, reporting and policy reforms. APRA aims to offset the burden of new requirements through additional simplification in 2026-27.
The Bermuda Monetary Authority has implemented agreed upon procedures for general business insurers with segregated or separate accounts. Approved auditors must conduct annual cell-level reconciliation and segregation checks, alongside specified reviews on a rolling five-year cycle, and file a separate factual findings report with the annual Statutory Financial Return.
France's Financial Markets Authority found that third party providers caused 87% of the 31 major DORA incidents confirmed for portfolio management companies in 2025, while cyberattacks accounted for 71%. The incidents disrupted critical investment management, trading, data and compliance functions across firms of all sizes. Reporting arrangements also remain incomplete, with 23% of portfolio managers lacking a DORA-compliant major incident reporting system in a November 2025 self-assessment.
A departing U.S. Securities and Exchange Commission commissioner urged regulators to shift Know Your Customer compliance from broad personal data collection toward attribute based verification and zero knowledge proofs. The commissioner also advocated wider reliance on third party identity checks and regulatory approaches suited to permissionless networks, while reiterating that the SEC’s Innovation Exemption for tokenized securities is a temporary bridge to permanent rules.
The U.S. Securities and Exchange Commission charged CMI Capital and founder Michael D. Williams over an alleged scheme that raised about USD 860,000 from at least 18 investors using fabricated performance claims. Williams allegedly misappropriated about USD 384,000, while trading generated losses of at least USD 428,000. The defendants agreed to proposed injunctions and other relief, subject to court approval, with financial penalties to be determined.
The Financial Action Task Force placed Türkiye in enhanced follow-up after finding strong financial intelligence and international cooperation but material gaps in supervision, beneficial ownership, complex investigations and overseas asset recovery. Türkiye is compliant or largely compliant with 38 of 40 FATF Recommendations, but eight of 11 effectiveness outcomes are rated moderate. A three-year roadmap targets high-risk money laundering cases, terrorist financing controls, targeted sanctions and cross-border asset recovery.
The Czech National Bank used AI to synthesize 463 financial stability reports from 28 European countries covering 2015 to 2025. The analysis maps changing financial risks and compares national use of capital buffers and borrower based measures.
All 11 Democrats on the U.S. Senate Banking Committee called for a bipartisan public hearing on prediction markets rather than a private, Republican-only industry roundtable. They raised concerns about investor exposure, possible Securities and Exchange Commission jurisdiction, market manipulation, insider trading and concentrated profits.
The National Securities and Stock Market Commission of Ukraine discussed cooperation with TheCityUK on AI, tokenized assets, corporate governance and institutional development. Priorities include secure use of AI agents for routine regulatory work, defining the status of tokenized assets and preparing a new Corporate Governance Code with the OECD.
A Bank for International Settlements working paper finds that financial factors now drive global imbalances, which reached 41% of global GDP in 2025 across the economies studied. Common proposals such as dollar depreciation or lower trade imbalances would have limited effects, while an equity market correction could reduce imbalances sharply but cause substantial international losses. The paper calls for greater resilience to financial shocks transmitted through cross-border exposures.