As part of its 2025 enforcement priorities, the Australian Securities and Investments Commission (ASIC) has been taking on insurers it says haven’t treated customers fairly or in good faith. In its latest move, announced on 23 September 2025, the regulator initiated proceedings in the Federal Court against RACQ Insurance Limited (RACQ)
On 23 September 2025, the European Banking Authority (EBA) published its advice in response to the European Commission’s (the Commission) Call for Advice (CfA) on the review of the EU covered bond framework.
Background
On 27 November 2019, the EU adopted a covered bond legislative package composed of the Covered
On 24 September 2025, the Australian Securities and Investments Commission (ASIC), issued a no-action letter reducing the internal dispute resolution (IDR) reporting frequency for certain small banks, ahead of formalising ASIC’s technical and system changes for IDR reporting in approximately 2027.
ASIC does not intend to take action against a small
On 24 September 2025, the Australian Government issued for comment draft legislation that would ban the use of genetic test results in life insurance underwriting. The amendments follow the policy concern that individuals are delaying or neglecting to obtain genetic testing for fear that an adverse result will affect their ability to obtain affordable life
On 24 September 2025, the Financial Conduct Authority (FCA) published a brief but consequential update regarding its plans to appoint a bond consolidated tape provider.
The FCA states that it has received a legal challenge to its decision awarding the contract for the consolidated tape provider. As a result, the FCA cannot enter
On 22 September 2025, the Financial Conduct Authority (FCA) published a memorandum of understanding (MoU) between itself, the Swiss Financial Market Supervisory Authority and the Bank of England (BoE), including the Prudential Regulation Authority, setting out the arrangements for supervisory cooperation and information sharing under Article 14(5) of the
On 22 September 2025, the Australian Securities and Investments Commission (ASIC) published an update on its work on Australia’s public and private markets.
The progress update relates to a discussion paper issued by ASIC earlier this year regarding Australia’s evolving capital markets. Following the publication of the discussion paper ASIC has met a
Following revisions to its third country branch policies as part of the Solvency UK reforms, on 16 September 2025, the PRA published CP20/25 proposing further reforms which seek to address identified inconsistencies, further streamline the policy framework, clarify expectations and enhance regulatory transparency. Responses close on 16 December 2025 and the majority of the proposals
On 22 September 2025, the Financial Conduct Authority (FCA) published a new webpage – Smart Data Accelerator.
The webpage explains that the Accelerator is for:
The webpage goes
On 22 September 2025, the Bank of England (BoE) issued a Policy Statement, Expanding mandatory ISO 20022 enhanced data in CHAPS from 2027.
In the Policy Statement the BoE sets out its position on expanding its mandatory ISO 20022 enhanced data requirements for CHAPS from November 2027, reflecting feedback to an earlier