Banking & Finance

HKMA Scam Alert Related to Banks

The Hong Kong Monetary Authority (HKMA) has issued a scam alert regarding fraudulent websites and phishing attempts targeting bank customers. The alert specifically mentions OCBC Bank (Hong Kong) Limited and advises the public on how to protect themselves and report suspicious activity.

Public Finances: Borrowing Requirement and Debt - January 2026

The Bank of Italy has published its report on public finances, detailing the borrowing requirement and debt for January 2026. The report includes statistical data on government debt holders and changes in debt levels.

Banca d'Italia: January Bond Issues Total €4.4 Billion

The Banca d'Italia reported that net bond issues by resident sectors in January 2026 totaled €4.4 billion. General government net issues were positive at €3.0 billion, driven by BTPs and other central government securities, while BOTs contributed negatively. Other financial intermediaries, insurance corporations, and non-financial corporations also contributed positively to the remaining €1.3 billion in net issues.

BIS Appoints Hélène Rey as Economic Adviser and Department Head

The Bank for International Settlements (BIS) announced the appointment of Hélène Rey as its new Economic Adviser and Head of the Monetary and Economic Department. Ms Rey will serve a five-year term starting September 2026, succeeding Hyun Song Shin.

CFTC Names Jessica Harris as Director of Data and Chief Data Officer

The Commodity Futures Trading Commission (CFTC) announced the appointment of Jessica Harris as Director of the Division of Data and Chief Data Officer. This appointment aims to enhance the CFTC's data strategy amidst evolving derivatives markets.

UK Financial Ombudsman and FCA Modernise Redress System

The UK Financial Ombudsman Service (FOS) and the Financial Conduct Authority (FCA) are implementing measures to modernise the financial redress system. These changes aim to ensure consumers receive fair and timely compensation while providing businesses with greater certainty. Key reforms include a new registration stage for complaints.

FRC Guidance on Flexible Governance Reporting

The Financial Reporting Council (FRC) has published new guidance to help investors and advisors better understand flexible governance reporting. The guidance aims to encourage recognition of the value in companies thoughtfully departing from the UK Corporate Governance Code with clear explanations.

Federal Reserve Sunshine Act Meeting Notice

The Federal Reserve Board announced an open meeting scheduled for March 19, 2026, to discuss proposed revisions to capital rules for large banking organizations and adjustments to the surcharge for global systemically important banking organizations. The meeting will be webcast.

ASIC Refreshes Moneysmart Website for Young Australians

ASIC has refreshed its Moneysmart website to improve accessibility and relevance for young Australians seeking financial guidance. The update includes a new design, updated content, and fresh imagery to provide trusted, independent financial information.

ASIC Eases PDS Rules for Strata Insurance Providers

ASIC has introduced new relief measures for residential strata insurance providers. Under the changes, only the lead insurer will be required to prepare a Product Disclosure Statement (PDS), with a supplementary PDS listing other participating insurers.