On 16 December 2025, the Financial Conduct Authority (FCA) published an Engagement Paper on market risk capital requirements for FCA investment firms.
The UK Government took up the idea of formally reviewing the market risk capital requirements for specialised investment firms as part of its Financial Services Growth and Competitiveness Strategy published in
On 12 December 2025, the European Banking Authority (EBA) published a Final Report on draft regulatory technical standards (RTS) on the treatment of structural foreign exchange (FX) positions under Article 104c of the Capital Requirements Regulation (CRR).
The structural FX provision in Article 352 of the CRR
On 10 December 2025, the European Banking Authority (EBA) published a Final Report on draft Regulatory Technical Standards (RTS) amending Delegated Regulation (EU) 2023/206 supplementing the Capital Requirements Regulation with regard to RTS specifying the types of factors to be considered for the assessment of the appropriateness of risk weights for
On 9 December 2025, there was published in the Official Journal of the EU (OJ), Commission Implementing Regulation (EU) 2025/2475 of 8 December 2025 amending the implementing technical standards laid down in Implementing Regulation (EU) 2024/3117 as regards operational risk supervisory reporting of institutions. The Implementing Regulation enters into force on the twentieth
On 4 December, the Australian Prudential Regulation Authority (APRA) released a letter that responds to submissions to its consultation on amendments to its prudential and reporting frameworks to facilitate the phase out of Additional Tier 1 (AT1) capital instruments – also known as hybrid bonds – as eligible regulatory capital for
On 5 December 2025, the Australian Prudential Regulation Authority (APRA) published a Discussion Paper ‘A more proportionate banking prudential framework’.
Background
The Discussion Paper is part of the Council of Financial Regulators’ Review into Small and Medium-sized Banks and APRA’s commitment earlier this year to make the Australian banking prudential framework
On 5 December 2025, the European Banking Authority (EBA) issued a consultation on draft Regulatory Technical Standards (RTS) and Implementing Technical Standards (ITS) concerning material acquisitions, material transfers of assets or liabilities, and mergers and divisions involving credit institutions or (mixed) financial holding companies under the Capital Requirements Directive
On 4 December 2025, the Bank of England (BoE) launched its second system-wide exploratory scenario (SWES) exercise.
This latest SWES exercise will focus on how the private markets ecosystem operates under stress and the potential implications for UK financial stability and the UK real economy. The BoE will seek to
On 3 December 2025, the Basel Committee on Banking Supervision (Basel Committee) published its latest report covering the implementation of the Basel standards by member jurisdictions. The report is part of the Basel Committee’s Regulatory Consistency Assessment Programme and focuses on the implementation of the Net Stable Funding Ratio (NSFR) and