Yields on Japan's 40-year bonds reached a record 3.68% amid concerns about Prime Minister Sanae Takaichi's proposed economic stimulus package. The yields on 20- and 30-year bonds also rose. The package is expected to surpass last year's $89.8 billion, raising concerns about market stability.

Asia-Pacific markets fell Tuesday, with Japan's Nikkei 225 dropping more than 3% and South Korea's Kospi down 3.15%, following a tech-led decline in US stocks. The pullback in US stocks was driven by losses in major tech companies such as Nvidia, Salesforce, and Apple.

The cryptocurrency market has lost $1.2 trillion in value over the past six weeks amid concerns about tech valuations and US interest rates. The value of more than 18,000 coins tracked by CoinGecko is down 25% since Oct. 6, with Bitcoin down more than 28%.

The European Banking Authority is preparing to offer more detailed regulatory guidance on credit spread risk in the banking book, addressing uncertainty among EU banks. The EBA plans to publish a report with a dedicated section on the scope of products subject to credit spread risk, aiming to provide banks with clearer criteria and examples for compliance.

Market risk-weighted assets hit record highs at major Chinese banks including China Construction Bank, Bank of China and Bank of Communications in the third quarter, driven by the Fundamental Review of the Trading Book, which China implemented at the start of the year. CCB reported $55.2 billion in market RWAs, up 14.4% from Q2, while BoC's increased 11.5% to $41.4 billion, and BoCom's surged 25.5% to $38 billion.

Indian exchanges trade 3.7 times as many options contracts as US exchanges, but the value of those contracts is only one-fifth of that seen in the US, according to a report from the National Stock Exchange of India. The notional value of a single S&P 500 Index options contract is more than 31 times greater than that of a Nifty 50 Index contract.

European Central Bank Supervisory Board Chair Claudia Buch has called for more authority to override national restrictions on capital movement within the eurozone, which she says would enhance integration and competitiveness. "Looking more favorably" at waivers to overcome domestic hurdles "could be a useful step for policymakers," Buch says. "There are barriers to the development of pan-European business models that are not related to prudential regulation but to other rules around banking activities that very much differ across markets."

The Bank of England is preparing to ease some aspects of the UK's bank ringfencing regime but will resist significant changes sought by lenders, sources say. The BoE is reportedly open to allowing shared back-office functions and vanilla derivatives within ring-fenced banks, but it opposes allowing banks to use more of their retail deposits for investment banking.

The Securities and Exchange Board of India is hoping to double the country's unique investor base within the next three to five years. "We are looking at double the number of investors. I think that is more than the population of several countries put together. If we add another 100 million investors...," Chair Tuhin Kanta Pandey said when asked about ambitions for the future.

Over the past decade, the headcount at the UK's five largest financial regulators has increased by more than 50%, according to City AM. This growth amounts to nearly 4,500 additional staff compared to ten years ago, despite ongoing governmental efforts to reduce regulatory burdens on the financial sector.

Investor confidence and trust in the industry remain high, according to the 2025 Voice of Investor Satisfaction, Trust, and Advocacy (VISTA) study. The KPMG LLP independent study, sponsored by SIFMA and released at SIFMA's 2025 Annual Meeting, surveyed 2,000+ investors and found 8 in 10 are satisfied with the industry. But there are significant breaks between younger and older investors. Download the full study to learn more.