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Vermont Securities Regulation Revised

The Vermont Department of Financial Regulation has revised Regulation S-2016-01 governing securities regulation in the state, updating requirements for broker-dealers, investment advisers, and securities issuers. The revision takes effect April 10, 2026.

Six UNESCO World Heritage Commemorative Coins Issued

Bank Negara Malaysia announces issuance of six limited-edition commemorative coins featuring Malaysia's UNESCO World Heritage Sites. Each coin is minted on gold-plated copper, weighing 28.65 grams with a face value of RM5. Mintage is limited to 2,000 pieces per design, priced at RM110 each.

Malaysia Economic Statistics Report February 2026

Bank Negara Malaysia published its monthly economic statistics for February 2026, containing monetary and banking data, financial and capital market indicators, external sector statistics, insurance and takaful data, and other macroeconomic indicators. The release includes updates to statistical datasets, new data series on credit to the private non-financial sector, and downloadable Excel and PDF files.

LMT Activation Module Launch for Luxembourg UCITS and AIFMs

The CSSF has launched the LMT activation module for Luxembourg-domiciled UCITS and authorised AIFMs managing open-ended AIFs. Affected entities must notify the CSSF of liquidity management tool activations or deactivations, including subscription suspensions, repurchases, redemptions, and side pockets, via the dedicated eDesk procedure. Notifications for non-ordinary course LMTs must be submitted with reasonable timeframe before activation.

Monetary Stabilization Bond Competitive Bidding Notice

The Bank of Korea issued a competitive bidding notice for Monetary Stabilization Bonds (MSB) on April 10, 2026. The notice, reference DC026-0714-0910, was issued by the Market Operations Team and includes attachments in HWP and PDF formats. This is a routine open market operations announcement for government bond dealers and financial institutions participating in MSB auctions.

Italian Bank Loans Rise 2.2% in February

Italian Bank Loans Rise 2.2% in February

Italian Economic Overview: GDP, Inflation, Labor, Trade

Banca d'Italia published its quarterly economic overview (Number 4/2026) covering GDP growth, inflation, labor market conditions, trade, credit, banking sector, and public finances in Italy. The report presents statistical data including Italian GDP growth of 0.8% in 2024 and 0.5% in 2025, inflation indicators, and banking sector conditions.

Change in Bank Control Act Applications - Multiple Notificants

The Federal Reserve published a notice seeking public comments on bank control applications under the Change in Bank Control Act. The applications involve proposed acquisitions of voting shares in bank holding companies and their subsidiary banks. Comments must be submitted by April 27, 2026.

Nonbanking Activity Application: Inbankshares Corp Extending Credit and Servicing Loans

Fed Reserve Nonbanking Proposals, Comments Due Apr 27

Survey of Small Business and Farm Lending Extended Three Years, Comments Due June 9

The Board of Governors of the Federal Reserve System invites public comment on a proposal to extend for three years, with revision, the Survey of Small Business and Farm Lending (FR 2028). The notice seeks feedback on whether the proposed information collection is necessary and accurate. Comments must be submitted by June 9, 2026.

FedNow Intermediary Rule Permits Correspondent Banks for Cross-Border Payments

The Board of Governors of the Federal Reserve System proposes amendments to Regulation J (subpart C) to permit FedNow Service participants to use private-sector intermediaries, such as correspondent banks, for funds transfers. The change would enable FedNow participants to leverage intermediaries for the international portion of cross-border transactions while using FedNow for U.S. domestic settlement. Currently, FedNow transfers may include only two U.S. banks other than a Reserve Bank, limiting the service to domestic payments only.

Fulda Bancorporation to Acquire Root River State Bank

The Federal Reserve Board published notice of Fulda Bancorporation Inc.'s application to acquire Root River State Bank under the Bank Holding Company Act. The application is available for public inspection at the Federal Reserve Bank of Minneapolis. The Board seeks written comments on the acquisition from interested parties by May 11, 2026.

FDIC Modifies Privacy Act System FDIC-004 Combining with FDIC-008

The FDIC is modifying SORN FDIC-004 to combine it with FDIC-008, renaming the system Financial Institution Ownership Records. The agency is updating several sections of the notice, rescinding FDIC-008, and seeking public comment on four proposed routine uses. This consolidation streamlines two existing Privacy Act systems that support FDIC regulatory and supervisory functions regarding financial institution ownership.

FDIC/OCC Final Rule Codifies Prohibition of Reputation Risk from Bank Supervision

The OCC and FDIC have finalized a rule codifying the elimination of reputation risk from their supervisory programs. The rule prohibits the agencies from criticizing or taking adverse action against institutions based on reputation risk, and bars agencies from requiring banks to close accounts or terminate services based on political, social, cultural, or religious views or constitutionally protected speech. The rule takes effect June 9, 2026.

GENIUS Act Stablecoin Requirements Proposed Rule

The FDIC has published a notice of proposed rulemaking to implement GENIUS Act requirements for FDIC-supervised permitted payment stablecoin issuers (PPSIs) and insured depository institutions. The proposal addresses reserve asset requirements, capital adequacy, and liquidity standards for stablecoin issuers, and clarifies deposit insurance coverage for stablecoin reserve deposits and tokenized deposits.

Banking Regulators Propose AML/CFT Program Requirements

The OCC, FDIC, and NCUA jointly proposed a rule requiring banks to establish and maintain effective AML/CFT programs reasonably designed to identify, assess, and mitigate illicit finance risks. The proposed amendments align with FinCEN's concurrent proposals to implement provisions of the Anti-Money Laundering Act of 2020 and the Bank Secrecy Act. The rulemaking also seeks to modernize federal supervision of AML/CFT programs by enhancing FinCEN's role in supervision and enforcement.

EBA Decision Harmonises SEPA Reporting for National Authorities

The European Banking Authority published a Decision harmonising how National Competent Authorities report SEPA payment data. NCAs must now report exclusively to the EBA through a single channel, which then shares data with the European Commission. The Decision also amends the EUCLID Decision Annex to incorporate the new requirement and takes effect immediately.

EBA Consults on Major Simplification of EU Supervisory Reporting Framework

The European Banking Authority has opened a public consultation on revised Implementing Technical Standards that would significantly simplify EU supervisory reporting requirements. The proposed changes aim to reduce harmonised reporting data points by approximately 50% while integrating EU-wide stress test and benchmarking data collections into regular reporting. Separate deadlines apply: 10 May 2026 for IFRS 18-related FINREP changes and 10 July 2026 for all other supervisory reporting changes.

Thai Economy Resilient, Transforming Tomorrow

Bank of Thailand Deputy Governor Piti Disyatat delivered a speech at the Japanese Chamber of Commerce discussing Thailand's economic resilience, noting 2025 GDP growth of 2.4% with eight consecutive quarters of approximately 0.8% growth. The speech addressed near-term risks including the Iran conflict's impact on oil prices and the need for structural transformation to ensure inclusive growth beyond headline statistics.

Fed Requests Comment on Extending Small Business Credit Conditions Survey

The Federal Reserve System published a notice requesting public comment on extending the Small Business Credit Conditions Survey (SBCS), part of the SLOOS framework. The comment period closes June 9, 2026. The survey collects data on small business lending conditions and credit access across the US economy.

Fulda Bancorporation Inc. Application to Acquire Root River State Bank

The Federal Reserve published a notice that Fulda Bancorporation, Inc. of Britton, South Dakota applied to the Board for approval to acquire Root River State Bank, Chatfield, Minnesota pursuant to the Bank Holding Company Act of 1956. The public may submit comments on the application to the Federal Reserve Bank of Minneapolis or the Board of Governors by May 11, 2026.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The Federal Reserve System published a notice in the Federal Register announcing the receipt of change in bank control notices regarding acquisitions of shares of banks and bank holding companies. The notice provides a 30-day comment period for the public to respond to these acquisition proposals. This is a routine regulatory filing under the Bank Holding Company Act.

Notice of Proposals To Engage In or To Acquire Companies Engaged in Permissible Nonbanking Activities

The Federal Reserve published a notice of proposals by bank holding companies and other entities to engage in or acquire companies engaged in permissible nonbanking activities. The notice announces these proposals for public review as part of the Federal Reserve's supervisory process. No specific proposals, entities, or timelines are detailed in this one-page notice.

Credit Risk and IFRS 9 Benchmarking Reporting ITS Amendment

The European Banking Authority has opened a consultation on draft Implementing Technical Standards amending Commission Implementing Regulation (EU) 2024/3117 regarding Credit Risk and IFRS 9 Benchmarking reporting. The consultation (EBA/CP/2026/08) runs from 10 April to 10 July 2026, inviting feedback on proposed changes to reporting requirements for credit risk and IFRS 9 benchmarking data. All responses will be published following the consultation close date unless otherwise requested.

EBA Consults on Revised ITS Supervisory Reporting Simplification Package

The European Banking Authority launched a consultation on revised Implementing Technical Standards for supervisory reporting covering nine modules: Liquidity, FINREP, Operational Risk Losses, Stress Testing, Market Risk, COREP OF, ESG, SNCI Alignment, and Others. The consultation runs from 10 April to 10 July 2026, with FINREP template responses due 10 May 2026. Affected institutions should review the proposed changes and submit feedback through the dedicated EU Survey platform using password Reporting2026.

CSA Proposes Amendment to Insider Reporting Requirements for Structured Products

The Canadian Securities Administrators published a notice and request for comment on a proposed amendment to National Instrument 55-104 Part 9, clarifying insider reporting obligations for transactions involving investment funds and structured products including structured notes, American Depositary Receipts, and Canadian Depositary Receipts based on the reporting insider's reporting issuer securities. The 60-day comment period closes June 8, 2026.

FMA Applies to Liquidate 25 Additional Chance Voight Entities

The FMA applied to the High Court to liquidate 25 additional entities in the Chance Voight Group, following interim liquidators' preliminary investigative findings. This is the second liquidation application from the FMA, with a hearing for the December 2025 application scheduled for June 29 – July 1, 2026. The interim liquidators' report remains under suppression until April 17, 2026.

Securitisation Entities Exempt From AFS Licence

ASIC has remade ASIC Corporations (Securitisation Special Purpose Vehicles) Instrument 2026/175, continuing relief exempting securitisation entities from holding an AFS licence when providing financial services to non-retail clients. The instrument preserves the framework from the 2016 version (2016/272). Minor amendments will be made to Regulatory Guide 167 for consistency and clarity.

SEC Extends Rule 22e-4 OMB Review for Liquidity Risk Management Programs

The SEC has submitted to the Office of Management and Budget a request for extension of the previously approved collection of information under Rule 22e-4 (OMB Control No. 3235-0737). Rule 22e-4 requires open-end funds and in-kind ETFs to establish written liquidity risk management programs including policies for liquidity classification, highly liquid investment minimums, 15% illiquid investment limits, and redemptions in kind.

OCC Collateral Rule Change - Acceptable Collateral Types and Wrong-Way Risk Update

The SEC approved OCC's proposed rule change to modify acceptable collateral types and strengthen wrong-way risk controls. OCC, the central counterparty for US listed options markets, will stop accepting certain collateral types and impose margin add-ons for positions involving equities and ETNs issued by clearing members and affiliates. Affected clearing members must adapt collateral management systems and portfolio strategies.

NYSE Amendment No. 2, Rule 5.2(j)(9), ETF Shares

The SEC granted accelerated approval to NYSE Rule 5.2(j)(9), enabling the generic listing and trading of Class Exchange-Traded Fund Shares. The new rule establishes standards for Class ETF Shares and includes conforming changes to existing NYSE listing rules. Asset managers and investors involved in ETF products will need to understand the new listing framework.

NYSE Proposes Amendments to Rule 8000 and Rule 9000 Disciplinary Rules

NYSE filed proposed amendments to Rule 8000 (Investigations and Sanctions) and Rule 9000 Series (Code of Procedure) to harmonize with recent FINRA disciplinary rule changes. The amendments would provide automatic stays of specified member organization expulsions and cancellations pending SEC review, and grant staff authority to stay other sanctions before they take effect.

DTC Rule Corrections, Clarifications, and Harmonization Changes

The SEC published a notice that The Depository Trust Company filed a proposed rule change to make corrections, clarifications, and harmonization changes to DTC's Rules and Procedures. The changes are designed to improve transparency and consistency between DTC and its two clearing agency affiliates, National Securities Clearing Corporation and Fixed Income Clearing Corporation. The SEC is publishing this notice to solicit comments from interested persons.

FINRA Proposes Exempting Collective Trust Funds from Rules 5130 and 5131

FINRA filed a proposed rule change with the SEC to amend Rules 5130 and 5131, which govern restrictions on initial equity public offerings and new issue allocations. The proposal would exempt specified collective trust funds from certain restrictions under these rules. The SEC is soliciting public comments on the proposed changes.

24X National Exchange LLC Amends LLC Agreement for Shinhan Capital Raise

The SEC published a notice that 24X National Exchange LLC filed a proposed rule change to amend the Fourth Amended and Restated Limited Liability Company Agreement of 24X US Holdings LLC. The amendment accommodates the issuance of Voting Common Units to Shinhan Securities Co., Ltd. upon conversion of a convertible promissory note as part of a capital raise. The SEC is soliciting comments on the proposed rule change.

TXSE Amends Stockholders' Agreement, Adopts Texas Bylaws

The SEC published notice of Texas Stock Exchange LLC's proposed rule change to convert TXSE Group Inc. and the Exchange from Delaware to Texas corporate governance documents. The filing includes amendments to the Stockholders' Agreement, adoption of Texas Certificates of Formation, Bylaws, and a Company Agreement, replacing all corresponding Delaware documents. The Exchange filed under the non-controversial expedited procedure.

FDIC Modifies Financial Institution Ownership Records Under Privacy Act

The Federal Deposit Insurance Corporation (FDIC) is modifying Privacy Act system of records FDIC-004 by combining it with FDIC-008 and rescinding the latter. The renamed 'Financial Institution Ownership Records' system will support FDIC's regulatory and supervisory functions. The agency is seeking public comment on four proposed routine uses through May 11, 2026.

GENIUS Act Requirements for FDIC-Supervised Permitted Payment Stablecoin Issuers

The FDIC has published a proposed rule implementing the GENIUS Act requirements and standards for permitted payment stablecoin issuers and FDIC-supervised insured depository institutions. The proposal establishes regulatory requirements for entities issuing payment stablecoins under FDIC supervision. The public comment period closes on June 9, 2026.

Anti-Money Laundering and Countering the Financing of Terrorism Programs

The OCC, FDIC, and NCUA have jointly published a proposed rule requiring banks and credit unions to establish formal Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs. The rule outlines minimum requirements for program design, implementation, and oversight. The agencies are seeking public comment for 60 days.

FDIC and OCC Ban Regulators' Use of Reputation Risk in Bank Supervision

The FDIC and OCC published a final rule prohibiting bank examiners from using reputation risk as a basis for supervisory criticism or enforcement actions. The rule removes informal guidance practices that critics argued allowed regulators to pressure banks over public perception rather than actual safety and soundness concerns. Federally chartered and state-chartered banks subject to OCC and FDIC supervision are directly affected.

ISDA Technical Comments on EC Settlement Finality Regulation

On April 9, 2026, ISDA published technical comments on the European Commission's proposed Settlement Finality Regulation addressing designated EU systems and registered third-country systems. ISDA identified concerns about unduly restricted insolvency protections for third-country systems and provided feedback on Financial Collateral Directive changes to facilitate distributed ledger technology implementation.

Draft Revisions to Japan's Corporate Governance Code for Public Consultation

The Financial Services Agency of Japan and Tokyo Stock Exchange have launched a public consultation on proposed draft revisions to Japan's Corporate Governance Code. The consultation seeks feedback on amendments affecting listed companies and institutional investors, with comments due by Friday, 15 May 2026. The revisions build upon prior versions applicable from 1 June 2015, revised on 1 June 2018 and 11 June 2021.

Guidelines to Facilitate Faster Cross-Border Inward Payments

The Reserve Bank of India issued circular RBI/2026-27/08 requiring all scheduled commercial banks to expedite cross-border inward payment processing. Banks must notify customers of incoming cross-border transactions immediately upon receipt and reconcile nostro accounts at intervals not exceeding one hour. Same-day crediting to beneficiary accounts is mandated for payments received during forex market hours, with next-business-day crediting for off-hours receipts.

CFTC Seeks Injunction Against Arizona Prediction Markets

The CFTC filed a motion for preliminary injunction and temporary restraining order in the U.S. District Court for the District of Arizona to halt Arizona's enforcement of state criminal and gambling laws against CFTC-regulated prediction markets. The CFTC argues that its authority over event contracts under the Commodity Exchange Act preempts state regulation. The agency has also filed complaints against Connecticut and Illinois for similar state actions.

Ringgit Banknote Auction, Special Serial Numbers, 11th-18th Apr

Bank Negara Malaysia announced an online auction of ringgit banknotes with special serial numbers from April 11-18, 2026, conducted by MNP Auctioneers. Bids will be accepted online via best2bid.com with a live auction on April 18, 2026. Items include sets of first 10 banknotes and super solid numbers with repetitive prefixes.

CSA Publishes Proposed Amendment to Insider Reporting Requirements for Investment Funds and Structured Products

The Canadian Securities Administrators (CSA) published a notice and request for comment on proposed amendments to Part 9 of National Instrument 55-104, which governs insider reporting requirements. The proposed changes would clarify the reporting regime for transactions involving investment funds and structured products such as structured notes, American Depositary Receipts, and Canadian Depositary Receipts based on securities of the reporting insider's reporting issuer. The 60-day comment period closes June 8, 2026.

AI-Based Small Business Credit Rating Framework Launches H2 2026

The Financial Services Commission of Korea announced plans to introduce the Small Business & Self-Ownership Credit Bureau (SCB), an AI-driven credit rating framework for small businesses and self-employed owners. The SCB will combine current credit bureau ratings with AI-generated future scale-up ratings using nonfinancial data such as sales performance, business category, and location. Financial companies will be required to adopt the new rating system, with pilot operations beginning August 2026.

HK Reserves US$430.8B, End March 2026

The Hong Kong Monetary Authority (HKMA) announced that Hong Kong's official foreign currency reserve assets stood at US$430.8 billion as at end-March 2026, a decrease from US$439.3 billion at end-February 2026. Including unsettled foreign exchange contracts, reserves amounted to US$430.5 billion. The reserves represent over five times the currency in circulation or about 38% of Hong Kong dollar M3.

Silver Bond 2027 Third Interest Payment Rate Set at 4.00% Per Annum

The Hong Kong Monetary Authority announced the third interest payment rate for Silver Bond Series due 2027 (Issue Number: 03GB2710R) under the Infrastructure Bond Programme. The Floating Rate of +1.28% (based on Composite Consumer Price Index year-on-year change) was compared against the Fixed Rate of +4.00%, with the higher rate of 4.00% per annum applied. The third interest payment is scheduled for 23 April 2026.

Scam Alert Related to Banks - Fraudulent Websites and Phishing Emails

The HKMA issued a scam alert warning the public about fraudulent websites, internet banking login screens, and phishing emails impersonating five Hong Kong banks (Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank Hong Kong, and HSBC Hong Kong). The alert reminds the public that banks will not send SMS or emails with embedded hyperlinks to conduct transactions, nor will they ask for sensitive information like passwords or One-Time Passwords through these channels. Anyone who may have provided personal information should contact their bank and report to the Hong Kong Police Force Crime Wing Information Centre at 2860 5012.