GRC Report Staff

A Deutsche Bundesbank discussion paper (No. 27/2026) finds that optimal monetary policy should still look through sectoral shocks, such as energy price spikes, even if inflation expectations may de-anchor. However, the nominal interest rate response needed to achieve the same output and inflation outcomes is more aggressive. The paper creates no compliance obligations, but it is relevant to institutions' interest rate risk, stress testing, and scenario planning.

The Ontario Securities Commission released its Investment Management Division Annual Summary Report for fiscal 2025-2026, outlining regulatory trends and policy priorities for fund managers and advisers. Key themes include ETF market growth, a proposed streamlined Fund Report, liquidity risk management, and an expanded Investment Fund Survey. Compliance teams should treat the report as a signal of upcoming supervisory focus and policy direction.

On September 15, 2026, BaFin published Circular 12/2026, which sets out the licensing procedure for alternative investment fund (AIF) management companies under Section 22 of the German Investment Code (KAGB). It replaces the 2013 information sheet and aims to give applicants clearer documentation requirements and faster processing. Compliance teams at prospective and existing AIF managers should review the new expectations, especially given the changes that stem from the Fund Risk Limitation Act.

ASIC Form 522 is the notification a liquidator must lodge under section 496(7) of the Corporations Act 2001 after a creditors' meeting held to consider replacing the existing liquidator. It records the meeting date, whether a new liquidator was appointed, and the statement of assets and liabilities presented to creditors. Compliance and insolvency-related teams should confirm that their lodgement processes are accurate and signed correctly, because errors can create regulatory and reputational exposure. Note that this is a form (version dated 16 February 2015) and not a new rule, despite the 2026-09-15 date and "Press Release" label in the metadata.

On September 15, 2026, Japan's Financial Services Agency (FSA) released its "FSA Strategic Priorities: July 2026 - June 2027," which sets out its key supervisory and policy priorities for the 2026 program year. The press release gives no detail on specific priorities, but it links to the Cabinet Secretariat's growth investment and asset management center strategy. Compliance teams should read the full documents to anticipate supervisory focus areas and align their program plans.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about the website marketorbitlabs.it.com, citing a France-issued alert from the AMF's impersonation (usurpation) blacklist. Compliance teams should treat the domain as a suspected fraudulent or unauthorized investment site and update screening, blocking, and customer-protection controls accordingly.

The Deutsche Bundesbank announced a multi-ISIN auction to increase two German Federal Treasury Bills (Bubills) by a combined EUR $5 Billion, with bidding on September 21, 2026. The notice is operational rather than a new regulatory obligation, but eligible bidders and treasury, trading, and liquidity teams must meet strict bid, timing, and settlement requirements.