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United Nations Environment Programme Finance Initiative finds nature-negative finance outpaces nature-based investment 30 to 1
The United Nations Environment Programme Finance Initiative found that finance for nature-negative activities exceeded investment in nature-based solutions by about 30 to 1 in 2023. It called for stronger financial sector action, better data and reporting, and clearer government policies to redirect capital toward the 2030 biodiversity targets.
UK Financial Conduct Authority revokes LIBOR and EURIBOR bans on four individuals after convictions overturned
The UK Financial Conduct Authority has revoked bans on Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar after their convictions were overturned. It removed the associated Final Notices and will take no further action against them in this matter.
Bank for International Settlements' Basel Committee finalizes G-SIB averaging rules and raises reporting threshold to EUR 350 billion
The Bank for International Settlements' Basel Committee finalized G-SIB framework changes requiring stock indicators to be based on averages over the reporting year, limiting year-end window dressing. The averaging rules take effect in 2030, with higher frequencies applying to G-SIBs and near-G-SIBs. The reporting and disclosure threshold rises from EUR 200 billion to EUR 350 billion from Jan. 1, 2027.
Bank for International Settlements’ Basel Committee consults on formalizing European Banking Union exposure treatment in G-SIB methodology
The Bank for International Settlements’ Basel Committee is consulting on codifying the existing treatment of intra-European Banking Union exposures in the G-SIB framework. Parallel scores would recognize 66% of the reduction from treating those exposures as domestic, with any downward bucket adjustment limited to one level and no effect on G-SIB designation or banks outside the union.
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Last update: 29 min agoView the key developments for the period from October 5 - 11 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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246 updates in the past 7 daysThe South Korea Financial Services Commission and Korea Development Bank selected seven managers for KRW 880 billion of ultra long term technology funds. The funds will invest in qualifying advanced technology companies for up to 16 years, with at least 40% of qualifying investments directed outside artificial intelligence and semiconductors. Fundraising and formation are expected by December, with investment potentially starting by year end.
Thailand’s Ministry of Finance announced Cabinet approval of a THB 50 billion Government Housing Bank program aimed primarily at helping low and middle income borrowers buy homes. Loans are capped at THB 3 million, offer initial annual rates of 2.6% or 2.8% for two years and may run for up to 40 years. Applications open on Oct. 15, 2026.
Moldova and the European Union have opened accession negotiations on the Internal Market and Competitiveness and Inclusive Growth clusters. Moldova’s Ministry of Finance coordinates five related chapters covering capital movements, financial services, taxation, economic and monetary policy, and the customs union.
Moldova's Ministry of Finance reported the formal opening of EU accession negotiations on the Internal Market and Competitiveness and Inclusive Growth clusters. The ministry will coordinate chapters covering capital movements, financial services, taxation, economic and monetary policy, and the customs union.
Bank Indonesia launched three programs covering Islamic financial market conduct, zakat risk management and scholarships funded through Islamic social finance. The measures are intended to deepen Islamic markets, strengthen governance and develop expertise as Indonesia expands its halal economy.
The Hong Kong Monetary Authority and Chongqing authorities have launched a platform that verifies customer data without transferring or storing original documents across the boundary. Banks are developing Northbound and Southbound use cases, initially covering services such as account opening and loan applications.
The Financial Supervisory Authority of Norway found weaknesses across Marker og Eidsberg Sparebank’s controls for cash related money laundering and terrorist financing risks. Risk classification and monitoring did not adequately reflect actual cash activity, while file reviews identified deficiencies in due diligence, investigations and repeat reporting of persistent suspicious activity to Økokrim.
The Norwegian Financial Supervisory Authority found that Njord Kapitalforvaltning’s suitability model overemphasized investment horizons, creating a risk of unsuitable advice. It also identified misleading cost and expected-return disclosures for the Onepointfive private equity fund. Njord has revised its risk-scoring model and disclosures, and the authority has taken note of the changes.
The Norwegian Financial Supervisory Authority found significant shortcomings in Norse Securities AS’s ICT governance, risk controls, supplier oversight and continuity arrangements. The firm has since implemented extensive measures that the authority considers largely sufficient to address the findings and support DORA compliance.
The Financial Supervisory Authority of Norway found that SpareBank 1 Ringerike Hadeland has broadly sound credit and liquidity risk frameworks but needs to improve default recognition and IFRS 9 Stage 3 loss calculations. The bank must clarify its default definitions, strengthen credit assessments and board reporting, and further develop climate risk management for forthcoming Capital Requirements Directive VI requirements. Its board will prepare a detailed remediation plan.
The Financial Supervisory Authority of Norway fined ES Revisjon NOK 500,000 for serious audit law breaches across four engagements. The firm failed to address fraud and revenue risks adequately, apply sufficient professional skepticism and obtain appropriate audit evidence. Its cyclical engagement reviews had also been deficient for several years.
The Swedish Financial Supervisory Authority will offer two reporting options for the first two quarters of 2027 as IFRS 18 takes effect. Firms may continue using FINREP alone or use a separate IFRS 18 module while excluding overlapping FINREP templates. Revised FINREP requirements are expected to apply from third-quarter 2027 reporting.