Bank of England staff research finds that monetary policy should prioritize output stabilization when carbon pricing or green subsidies create inflation-output trade-offs. The model prescribes a rate cut after an inflationary, contractionary carbon price shock and a rate increase after a deflationary, expansionary green subsidy shock. Dual mandate Taylor rules produce lower welfare costs than inflation-only approaches.

The Financial Stability Board found that only four of 19 member jurisdictions fully comply with its standard for last-resort public funding of systemic banks in resolution, while about half have material gaps or no substantive implementation. Key weaknesses concern funding scale, rapid deployment, operational testing and protections against taxpayer losses. The FSB called for prearranged, scalable mechanisms with clear loss recovery, moral hazard and cross-border coordination safeguards.

Federal Reserve Board staff analysis of new 2025 Survey of Consumer Finances measures finds that affluent families account for more spending than prior surveys indicate, although spending is less concentrated than income or wealth. The top income and wealth deciles each account for about 28 percent of spending. Evidence of a K-shaped recovery is mixed, with no disproportionate gains at the top but more reports of deterioration among lower income families.

Federal Reserve Board analysis finds that 85.4% of U.S. families participate in informal financial or caregiving support networks. Emergency support is substantially more common among wealthier families, suggesting balance sheets alone understate inequality. Another 5.5% of families have both low wealth and no measured informal support network, placing them at heightened risk from financial shocks.

The Reserve Bank of India has raised scheduled banks’ daily minimum CRR maintenance from 90% to 99% of the requirement from the fortnight beginning Oct. 16, 2026, while retaining the prescribed fortnightly average requirement.

The Thailand Securities and Exchange Commission is consulting on draft qualification and disclosure requirements for internal auditors at IPO and SPO companies. From Jan. 1, 2028, covered applicants would need internal auditors with an active prescribed certificate and at least five years of relevant experience, including three years related to internal audit. IPO, SPO and listed companies would also face internal auditor disclosure requirements from 2028.

The China Securities Regulatory Commission is consulting on revised operating and supporting rules for publicly offered securities investment funds, advancing a project in its 2026 legislative plan. The proposals would strengthen fund manager accountability, support equity fund development and product innovation, and increase operating flexibility through adjustments to regulatory indicators and mechanisms.

Bank of Ghana Governor Dr Johnson Pandit Asiama reported that all 23 banks now meet regulatory capital requirements, shifting the supervisory focus from capital restoration to longer-term resilience. Banks must reduce nonperforming loan ratios to 10% by the end of December 2026. The central bank is also preparing credit risk, liquidity and artificial intelligence directives and plans further business model and cybersecurity reviews.

Bank Negara Malaysia is adding MYR 5 billion to the SME Stabilisation Relief Facility, doubling its allocation to MYR 10 billion and extending availability until June 30, 2027, or full use. Budget 2027 measures also expand financing support for small government contractors and provide tax relief and MYR 40 million in vouchers for the MediAsas health plan. Banks will phase in basic credit cards with a maximum interest or profit rate of 14% a year from October 2026.

Spain’s Tax Agency and National Police arrested 21 people on suspicion of money laundering and membership in a criminal organization. Authorities seized 48 properties and estimate that homes worth about EUR 20 million were purchased with drug trafficking proceeds. The investigation remains open.

The Single Resolution Board has proposed stronger information sharing, supervisory coordination and legal clarity for stablecoin exposures under the MiCA review. It warns that reserve deposits and redemption pressures could impair bank liquidity and resolvability. The board also supports a proportionate crisis management regime for significant stablecoins issued by non-credit institutions.

The Financial Conduct Authority has appointed Liam Coleman as permanent chair of the Financial Ombudsman Service with Treasury approval. He will begin a three year term on Oct. 10, 2026, after serving as interim chair for the past year.