The U.S. Senate Committee on Banking, Housing and Urban Affairs announced the reintroduction of legislation that would make private equity firms and general partners liable for obligations at controlled companies while limiting value extraction and tax advantages. The bill would also strengthen worker protections, expand investor disclosures, restrict firms receiving public funds and curb real estate investment trust involvement in health care.

The Financial Transactions and Reports Analysis Centre of Canada imposed a CAD 82,500 penalty on Caisse Alliance for anti-money laundering and terrorist financing compliance failures. The deficiencies involved compliance policies, high-risk measures, risk assessments and biennial program reviews. The credit union paid the penalty in full, and the case is closed.

The Financial Transactions and Reports Analysis Centre of Canada imposed a CAD 676,500 penalty on UNI Financial Cooperation for reporting, compliance policy and risk assessment failures. The credit union paid the penalty in full, and the case is closed.

The National Bank of Belgium has maintained its countercyclical capital buffer at 1.25% for the fourth quarter of 2026, equivalent to about EUR 3.5 billion. The buffer addresses potential geopolitical and macroeconomic shocks and can be released to support lending during a major downturn. Banks should also ensure their credit risk provisions reflect current uncertainty and adverse scenarios.

Central Bank of Syria Governor Safwat Raslan outlined a fintech vision focused on stability, financial inclusion and regulated electronic financial channels. The bank plans to use its electronic payments and transfers regime to support supervised innovation while developing a model suited to rebuilding and modernizing Syria’s banking sector.

De Nederlandsche Bank highlighted how buy now pay later services can amplify youth debt risks when financial knowledge and age controls are weak. The services are expected to come within credit provision rules from the end of 2026, while participants advocated financial education, clearer payment design and stronger protections for young users.

Dimitrios P. Tsomocos was sworn in as deputy governor of the Bank of Greece, joining Governor Yannis Stournaras and Deputy Governor Christina Papaconstantinou in the central bank’s administration.

The European Financial Reporting Advisory Group updated its endorsement status after the Accounting Regulatory Committee backed amendments to the IAS 28 fair value option for associates and joint ventures. The changes address divergent interpretations affecting IFRS 18 classification and will apply when entities first use IFRS 18 from Jan. 1, 2027, subject to EU scrutiny, with earlier application permitted.

The National Bank of Moldova reviewed progress on aligning financial legislation with EU rules during meetings with European Commission and European Central Bank officials. SEPA processed 1.1 million transfers in its first 11 months, while the MIA instant payment system surpassed 1 million users.

The National Bank of Moldova has completed the first stage of the European Banking Authority’s assessment of Moldova’s prudential equivalence with the EU and is moving through the next stages. Governor Anca Dragu also reviewed reforms covering banking supervision, capital movements, payment systems and central bank independence with European Commissioner Maria Luís Albuquerque.