Compliance & Ethics

On September 17, 2026, the Austrian Financial Market Authority (FMA) warned that CMC Trading EU Ltd., apparently based in London, is not authorized to conduct licensed securities transactions or execute client orders in Austria. The FMA also flags a risk of confusion with a similarly named provider supervised in another country. Compliance teams should treat this as a red flag for onboarding, payment monitoring, and counterparty screening.

The FCA has updated its RegData guidance so firms now reach scheduled regulatory tasks through a single My FCA login, which also covers Connect and the Online Invoicing System. Compliance teams should confirm that user access, reminder-email handling, and reporting workflows reflect the new portal so that regulatory submissions are not missed or delayed.

The Bank of England Governor wrote to the Chancellor explaining why CPI inflation, at 3.1% in August, sits more than 1 percentage point above the 2% target. The cause is mainly energy price increases linked to the Middle East conflict. The Monetary Policy Committee (MPC) held Bank Rate at 3.75% and projects inflation of around 3¾% in 2026 Q4 and slightly above 4% in early 2027. Compliance and risk teams should treat this as a signal of a prolonged high-inflation, elevated-rate environment that affects planning, stress testing, and customer outcomes.

The Bank of England's weekly balance sheet for 16 September 2026 shows reserve balances down about GBP £3.6 Billion week over week, while short-term and indexed long-term repo lending increased. This is a routine data release rather than a new regulatory requirement, but it provides useful signals on sterling liquidity conditions and central bank operations for treasury, liquidity risk, and compliance teams.

The OCC's September 2026 enforcement release announces two Orders of Prohibition against former employees of U.S. Bank, N.A. and PNC Bank, N.A. for insider misconduct involving customer and bank funds. The actions show that the OCC continues to hold individuals personally accountable and that frontline insider fraud remains a live risk. Compliance teams should use these cases to test controls over employee access to accounts and funds.

This ECB Working Paper (No 3284) is a research publication, not a regulatory requirement. It presents a method for adjusting model-based forecasts so they match survey probability histograms exactly, and it reports improved accuracy, especially during the Great Recession and COVID-19. Compliance teams should treat it as supervisory-adjacent context for model risk management and stress-testing practices, not as a new obligation.

Finansinspektionen (the Swedish FSA) has responded to the Swedish National Debt Office's consultation on a proposed policy for assessing whether a bank should be managed in resolution. It largely supports the policy's design but raises unspecified comments. Compliance and recovery and resolution planning teams should monitor the final policy, since it will clarify which banks are treated as resolution banks.