GRC Report Staff

HKMA Releases Analytical Accounts of the Exchange Fund for July 2026

The Hong Kong Monetary Authority (HKMA) has published its monthly analytical accounts, reporting that foreign assets increased by HKD $13.8 Billion to a total of HKD $3,694.5 Billion. This disclosure provides transparency regarding the Exchange Fund's balance sheet and the monetary base, which is critical for monitoring systemic liquidity and macroeconomic stability in Hong Kong.

ECB Report Analyzes the Impact of Government Subsidies on Global Trade Imbalances

The European Central Bank (ECB) has released a report examining how industrial subsidies influence global trade imbalances. The findings highlight that while global imbalances are driven by savings and investment gaps, targeted subsidies in China significantly drive exports in strategic sectors like semiconductors and electric vehicles.

BMI Statement Regarding BaFin Consultation on AIFM Approval Procedures

The Federal Association of Medium-Sized Investment Partners (BMI) has submitted a formal response to BaFin's consultation 17/2025 regarding updates to the information sheet for AIF capital management company approvals. The industry group is seeking clarification to prevent legal uncertainty surrounding the management of "old funds" under transitional provisions of the KAGB.

Norway Financial Supervisory Authority Issues Warning Regarding 3cGroup Website

The Norway Financial Supervisory Authority has issued a formal warning concerning the website of 3cGroup, an entity based in Luxembourg. This notification serves as a red flag for investors and financial institutions regarding the legitimacy or regulatory standing of the entity's operations within the Norwegian jurisdiction.

DNB Extends Non-Enforcement Period for Banking and Trading Book Boundary

De Nederlandsche Bank (DNB) has extended its period of non-enforcement regarding the boundary between the banking book and the trading book. This decision follows guidance from the European Banking Authority (EBA) to mitigate operational complexity and legal uncertainty during the implementation of revised market risk frameworks.

FCA Update on Post-Brexit Regulatory Framework and End of TTP Powers

The Financial Conduct Authority (FCA) has provided an update regarding the conclusion of the UK's transition period and the expiration of Temporary Transitional Powers (TTP). Compliance teams must ensure all regulatory activities align with updated UK law and local EEA requirements following the end of passporting.

De Nederlandsche Bank Highlights Impact of Food Delivery Services on Inflation

De Nederlandsche Bank has released a report noting that takeaway and food delivery services now play a larger role in the Dutch consumer basket and inflation figures. This shift is driven by permanent changes in consumer behavior following the COVID-19 pandemic and increased costs passed to consumers.