Compliance & Ethics

Austria's FMA has fined Liechtensteinische Landesbank (Österreich) AG EUR 244,000 for breaches of the Securities Supervision Act 2018 (WAG 2018) and Delegated Regulation (EU) 2017/565, citing inadequate training procedures for producing compliant suitability declarations. The decision is not yet final and may be subject to appeal, but it underscores ongoing regulatory scrutiny of investment firms' internal organizational controls in the EU/EEA.

The Monetary Authority of Singapore has launched a public consultation proposing legislative amendments to the Payment Services Act 2019 to formally regulate stablecoins, updating its approach in light of market developments since 2023. Compliance teams at payment institutions, digital asset firms, and financial institutions engaging with stablecoins should review the proposals closely, as they will shape licensing, reserve, and operational requirements for stablecoin issuers and related entities in Singapore.

The European Banking Authority has published its routine transparency disclosure for EBA Chair Francois-Louis Michaud's public meeting register, covering 16-31 August 2026, with no external meetings recorded during this period. This is a standard governance transparency filing with no substantive regulatory or policy implications for financial institutions.

The Ontario Securities Commission has flagged six firms—including Trin Wealth, Lumixus Global Securities, Nexora Groups, Independence Financial LLP, DIGIFUNDS FINSERVICES LTD, and Crown Gate Flow—as unregistered to deal or advise in securities within Ontario. Compliance teams at financial institutions should treat this as a signal to reinforce due diligence protocols around registration verification and third-party onboarding, particularly for retail-facing investment products.

This document is a ceremonial speech by Deutsche Bundesbank Vice President Fritzi Köhler-Geib honoring Professor Michael Weber's Alexander von Humboldt Professorship. It contains no regulatory guidance, requirements, or compliance obligations and requires no action from compliance teams.

The New York Department of Financial Services' examination of Northwell Health Foundation's Segregated Gift Annuity Fund (period 2020–2024) identified a violation of Section 1110(a) of the New York Insurance Law due to the use of unfiled gift annuity agreement forms, along with a governance gap in that the board of trustees had not formally approved the Fund's Investment Policy Statement. These findings highlight ongoing document-control and governance risks for charitable annuity issuers subject to DFS oversight, underscoring the need for rigorous form-filing discipline and board-level approval processes.

The CMA has appointed 12 new independent panel members, effective September and October 2026, bringing expertise in finance, economics, law, and technology to support merger inquiries, phase 2 market investigations, and regulatory appeals. For compliance teams at financial institutions, this expansion signals continued investment in the CMA's decision-making capacity and may influence the pace, rigor, and sectoral focus of future competition and merger reviews.