NASAA improves access to CRD and IARD systems

🇬🇧🇨🇭The Swiss Financial Market Supervisory Authority (FINMA), together with the UK Bank of England, in its capacities as Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), has signed the attached Memorandum of Understanding (MoU). This MoU implements the cooperation framework established under the Berne Financial Services Agreement (BFSA), signed at the end of 2023, and contributes to strengthening the stability and integrity of the financial markets in Switzerland and the United Kingdom, while enhancing the protection of clients and investors. The MoU will enter into force upon the entry into effect of the BFSA at the beginning of 2026.

In the third and fourth quarter of 2024, the CBCS received a total of 47 signals regarding supervised institutions: 19 complaints, 16 reports, and 12 questions. In addition, 3 reports and 1 complaint were received concerning institutions not supervised by the CBCS. Each signal helps us identify and address potential issues, contributing to stronger financial markets and greater integrity within the financial sector. Check out our latest update (in Dutch) here: https://lnkd.in/gh2XswAx

Companies clarify chargesheets against RCFL, RHFL, and Anil Ambani have no bearing on their governance or financial stability Read More: https://lnkd.in/gUabKAtV Annurag Batra | Noor Fathima Warsia | Tanvie Ahuja #RelianceInfra #ReliancePower #CBI

On September 26, 2025, NYLIB submitted a comment letter to the Federal Deposit Insurance Corporation (FDIC) in support of its proposal to raise the Part 363 FDICIA thresholds to account for historical inflation and to index those thresholds to inflation going forward. NYLIB recommended that the FDIC consider significantly higher initial thresholds than it proposed, returning Part 363 to its original focus of ensuring sound financial management of institutions posing the greatest risk to the Deposit Insurance Fund. Read the full letter here. https://lnkd.in/eKrT4bRc

FIMM checks in with the Financial Markets Ombudsman Service (FMOS) to highlight how it helps resolve disputes with banks, insurers, and investment providers — and why it’s important for the public to know this support exists. Learn what cases FMOS handles, how the process works, and what “ombudsman” really means. 🎥 Watch now on FIMM’s YouTube: https://lnkd.in/gDCE8_ZM #FIMM #UTS #unittrust #PRS #privateretirementscheme #investing

#MarketToday | Sebi replaces 'penalty' with 'financial disincentive' to ease compliance burden on brokers. Under the existing system, brokers with memberships across multiple exchanges often faced differing penalties -- or even multiple penalties -- for the same observation. http://ow.ly/cGz2106o4Kf

A neat summary of the pros of principles-based regulation. And, no, it does not mean you cannot produce your regulations as machine-readable code. In fact, that would make it easier for firms to extract their obligations from the principles, align them to their policies and set their controls, without having to copy and paste everything into a spreadsheet

The SBA was pleased to host the seminar on the implementation of the Berne Financial Services Agreement (BFSA).   💡 Representatives from the State Secretariat for International Finance (SIF), HM Treasury (HMT), the Swiss Financial Market Supervisory Authority (FINMA) and the UK Financial Conduct Authority (FCA) shared their insights on the BFSA's structure, the timeline for its entry into force, the recently signed Memorandum of Understanding between the supervisory authorities, and investment services processes. 📍 Furthermore, experts from UBS and HSBC provided valuable information on the scope, benefits, and cost implications of the BFSA. This included a step-by-step pathway that a Swiss bank would need to follow to take advantage of the agreement.   Many thanks to Thomas Koch, Zoe Johnson, Mareva Malzacher, John Battram, Pauline Bearblock, Veronique Nebel and Ghazala Amaral for making this seminar such a success.

The entry into force of the Berne Financial Services Agreement (BFSA) is approaching, and the finance ministries and supervisory authorities are working intensively on the final steps to operationalise the agreement. In parallel, and in collaboration with Swiss Banking and other industry associations, SIF, FINMA, HMT, FCA and BoE are informing interested companies about the agreement at various events.

Amid a shifting specialty landscape, where softening market conditions, rising catastrophe costs, and regulatory pressures are reshaping priorities - the conversations in Bermuda reinforced one clear message: Data is no longer just an operational necessity; it’s a strategic asset. As markets strive for quality data, efficiency and compliance, VIPR remains committed to delivering clarity through automation, enabling insurers, reinsurers and MGAs to focus on growth, insight, and resilience. Download your free white paper today: https://bit.ly/4nmwKkV