Banking & Finance

Italian Bond Issuance €22.4B, February 2026

Banca d'Italia released February 2026 financial market statistics showing total net bond issues of €22.4 billion across resident sectors. General government net issues contributed €20.1 billion, driven by BTPs (€15.1B), BOTs (€5.1B), CCTs (€2.0B) and other central government securities (€0.4B). Banks recorded net issues of €0.9 billion while non-financial corporations contributed €2.2 billion. Benchmark BTP yields in March 2026 increased to 2.82% (3-year), 3.73% (10-year) and 4.54% (30-year).

Italian Public Debt at 3,000 Billion Euros, Down 50 Billion

Banca d'Italia released February 2026 public finance statistics showing general government debt at €3,000 billion, down €50 billion. Data was revised following the Excessive Deficit Procedure notification to the European Commission, with upward revisions of €0.1 billion for 2024 and €0.4 billion for 2025. The publication includes comprehensive statistical tables on debt composition by instrument, holding sector, maturity, and currency.

Nir Zuk - DMG Bancshares Bank Control Application, Comment Deadline April 30, 2026

The Federal Reserve Bank of San Francisco is soliciting public comments on Nir Zuk's application to acquire voting shares of DMG Bancshares, Inc. and thereby indirectly acquire voting shares of Liberty Bank N.A., both of Irvine, California. The application is under the Change in Bank Control Act (12 U.S.C. 1817(j)) and Regulation Y (12 CFR 225.41). Comments must be received by April 30, 2026.

NYSE American Proposes MSCI World Index, MSCI ACWI Index, and MSCI USA Index Options Trading

The SEC published a notice that NYSE American LLC filed a proposed rule change (SR-NYSEAMER-2026-28) to permit the listing and trading of options overlaying the reduced value of the MSCI World Index (1/100), the full value of the MSCI ACWI Index, and the reduced value of the MSCI USA Index (1/100). The filing was made under Section 19(b)(3)(A) of the Securities Exchange Act of 1934 and became immediately effective upon filing. The SEC seeks public comment on the proposed rule change.

NYSE Arca Options Trading Rule Change for Reduced Value MSCI Indices

NYSE Arca filed a proposed rule change with the SEC to facilitate the transfer and trading of options overlaying the reduced value of the MSCI World Index (1/100), the full value of the MSCI ACWI Index, and the reduced value of the MSCI USA Index (1/100). The exchange claims the change has immediate effectiveness under Section 19(b)(3)(A) of the Securities Exchange Act. The SEC published notice of the filing in the Federal Register on April 15, 2026.

SEC Seeks Public Comment on Form ID Extension

The SEC published a notice in the Federal Register (91 FR 20237) seeking public comment on extending OMB Control No. 3235-0328, the information collection for Form ID (Application for EDGAR Access). Form ID is used by entities filing electronically with the SEC to obtain access credentials for the EDGAR system. The notice solicits comments on the necessity of the collection, accuracy of the burden estimate, and quality of utility of the information collected.

Form 3 Beneficial Ownership Reporting Extension Request

The SEC published a notice in the Federal Register (91 FR 20238) seeking public comment on extending OMB Control No. 3235-0104, which covers the information collection for Form 3 - Initial Statement of Beneficial Ownership of Securities. The notice requests comments on the necessity of the collection, accuracy of the burden estimate, and ways to enhance the quality of information collected. Comments are requested by June 30, 2026.

John Hancock GA Mortgage Trust - Investment Company Act Application Notice

The SEC published a notice regarding John Hancock GA Mortgage Trust's application under the Investment Company Act of 1940. The application was filed June 4, 2025, and subsequently amended on September 19, 2025, January 23, 2026, and March 19, 2026. The notice provides procedural information about the application and invites public comment.

SRB Response to Commission Consultation on EU Banking Sector Competitiveness

The Single Resolution Board submitted its response to the European Commission's consultation on EU banking sector competitiveness on 15 April 2026. The SRB's response focuses on four key areas within its mandate: advancing an integrated European deposit protection framework, strengthening liquidity resolution frameworks, enhancing cross-border capital and liquidity allocation with resolvability safeguards, and promoting targeted simplification including streamlined MREL processes. The SRB emphasizes that while the Banking Union has strengthened bank resilience over the past decade, remaining fragmentation continues to affect integration and efficiency.

Nasdaq PHLX Options Pricing Schedule - Customer Rebate Program Tier Changes

Nasdaq PHLX LLC filed a proposed rule change with the SEC to amend its Options Pricing Schedule at Options 7, Section 2 (Customer Rebate Program) and Options 7, Section 4 (Multiply Listed Options Fees). The Exchange proposes to modify the percentage thresholds to qualify for Tier 4 and Tier 5 of the Customer Rebate Program, and to discontinue the exemption from the Marketing Fee for the contra side of orders that execute against the originating order in an Exposure Complex Auction. The proposed changes were effective upon filing and became operative on April 1, 2026.