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New Zealand Department of Internal Affairs identifies 64 real estate reporting entities and AML/CFT risk assessment gaps
The New Zealand Department of Internal Affairs identified 64 real estate businesses subject to AML/CFT supervision through its Know Your Population project. Although 86% of assessed entities had appointed a compliance officer, risk assessments and the programs based on them were less consistently in place. The department will use the findings to improve sector scans, outreach and supervisory data.
Australian Competition and Consumer Commission reports 80% merger review target met and sharpens resale price maintenance enforcement
The Australian Competition and Consumer Commission is meeting its target to assess 80% of acquisitions within 20 business days under the new merger regime, with four matters resolved in Phase 1 through targeted divestments. The regime is providing greater visibility into serial acquisitions and consolidation across critical services. The regulator is also sharpening enforcement against resale price maintenance and has brought its first case alleging a concerted practice.
Australian Prudential Regulation Authority and Reserve Bank of New Zealand find banks resilient in first joint stress test since 2017
The Australian Prudential Regulation Authority and Reserve Bank of New Zealand found that both banking systems would remain resilient under a severe cross-border stress scenario, with banks continuing to extend credit despite substantial losses and capital and liquidity pressure. The first joint exercise since 2017 examined economic, funding, market and cyber shocks and will inform future supervision, crisis management and stress testing.
Australian Securities & Investments Commission consults on standards and guidance for digital asset and tokenised custody platforms from April 2027
The Australian Securities & Investments Commission is consulting on licensing guidance and standards for digital asset and tokenised custody platforms ahead of the new framework’s commencement on April 8, 2027. The proposals cover licensing, customer disclosures, platform rules, asset holding, trading and settlement, and net tangible asset requirements, with streamlined processes proposed for certain existing licensees and earlier applicants.
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Last update: 22 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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222 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'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.
The Taiwan Financial Supervisory Commission approved the merger of Bank SinoPac and King’s Town Bank, with Bank SinoPac as the surviving entity. The combined bank will have NT$3.19 trillion in assets, NT$129.4 billion in capital and 191 operating locations in Taiwan.