GRC Report Staff

Superintendent Routledge announced that OSFI is recalibrating its risk appetite. Financial system resilience remains the primary responsibility, but OSFI is adding an enhanced focus on supporting sustainable economic growth and on promoting competitive intensity. Compliance teams should expect capital amendments this fall and in 2027, easier market entry, and an annual regulatory burden reduction program. These changes will affect capital planning, supervisory engagement, and regulatory change management.

Regulation H (12 CFR Part 208) is the Federal Reserve's core rulebook for state member banks. It covers admission to the System, ongoing conditions of membership, capital adequacy, dividend limits, and branch establishment. The text provided is a codified, consolidated version dated 2026-09-14 and is truncated mid-§ 208.6(f). It reads as a restatement of existing requirements, not a clearly identified new amendment, so compliance teams should confirm whether any substantive change is intended.

The Deutsche Bundesbank hosted its 21st Central Bank Conference on the Microstructure of Financial Markets, covering FX volatility, central clearing and collateral, transparency, safe asset liquidity, and AI in securities markets. The event creates no binding obligations, but it signals supervisory research priorities that may shape future policy. Compliance teams should treat it as an early indicator of emerging regulatory focus areas.

The SEC's Division of Examinations published a Risk Alert detailing observations on how investment advisers conduct the annual compliance review required under the Advisers Act compliance rule (Rule 206(4)-7). The alert identifies areas advisers should consider and encourages them to strengthen their review processes. Compliance teams should treat it as a preview of examination priorities and benchmark their current review practices against it.

The FSA's September 14, 2026 weekly review lists a draft partial amendment to the Comprehensive Guidelines for Supervision for Insurance Companies, new sustainability assurance and growth-funding council activity, and disaster-related measures for financial institutions. It also lists an unregistered money lending warning and draft EDINET Taxonomy updates for 2027. Compliance teams with Japanese operations should review the open consultation and the disaster reporting relief now, because several items carry action dates or likely downstream obligations.

The FCA has published forms, checklists, and practical guidance supporting the UK's new public offers and admissions to trading regime (POATR and the PRM sourcebook), which took effect on January 19, 2026. Compliance teams must use the correct forms for each submission type, particularly for prospectuses approved under the old UKPR that remain valid, and must update base prospectuses to meet the new single disclosure standard.

The OCC's 12 CFR Part 25 sets out the Community Reinvestment Act framework, including authority, scope, and an extensive definitions section that determines how banks are classified and evaluated. The excerpt covers only Subpart A (§§ 25.11 and part of 25.12) and is truncated mid-definition, so compliance teams should confirm the full text and current effective dates before acting.