The Bank of Albania and the European Investment Bank presented the third and final draft of Albania’s National Green Taxonomy, including its general framework, technical screening criteria and legislative adaptations. The taxonomy will support the classification and financing of environmentally sustainable activities as banks and businesses adapt to climate risks and European sustainability requirements.

The European Association of CCP Clearing Houses urged ECOFIN ministers to agree a proportionate MISP framework that gives ESMA’s Executive Board genuine and independent supervisory authority. It opposes joint supervisory teams and seeks a short transition, clear responsibilities and fees that do not fund duplicated oversight. The association also called for simpler reporting and outsourcing rules, legal certainty for distributed ledger technology and fewer barriers to central clearing.

The National Bank of Moldova discussed expanded cooperation with CFA Institute and CFA Romania on investment training, mentoring and financial education. It also reported that Moldova’s first year connected to SEPA generated EUR 16.4 million in savings from about 1.2 million transactions, with average transfer costs falling to roughly EUR 1.

The Central Bank of the UAE opened its second Climate Forum and outlined preparations for a climate risk stress test, implementation of its climate risk regulation and sustainable sukuk refinancing for more than USD 100 billion of sustainable assets. Sustainable bonds represent an average 5% of its USD 257 billion in foreign reserves, while the central bank has also become the first in the Middle East and North Africa to co-chair a Network for Greening the Financial System workstream.

The Financial Industry Regulatory Authority approved four rule modernization proposals for SEC filing. The changes would make membership reviews more risk focused, increase CEO certification deadline flexibility and repeal outdated or overlapping quoting and mutual fund disclosure requirements.

The Office of the Superintendent of Financial Institutions warned that frontier AI can amplify cyber, technology, third-party and reputational risks across Canada’s financial system. Institutions should strengthen governance, controls and testing, while boards and senior management remain accountable for managing these risks. OSFI is also enhancing its assessment of frontier AI, technology concentration and critical third-party dependencies.

A South African Reserve Bank working paper finds that private sector inflation expectations became more firmly anchored over 2000–2025, with only a temporary drift during the pandemic inflation surge. Distribution measures offer the clearest early warnings of instability, while firms adjust more slowly than analysts and unions. Expectations began converging toward the new 3% target in 2025.

The Bank of Greece kept the countercyclical capital buffer at 0.5% for the fourth quarter of 2026 after assessing cyclical systemic risks as low. Emerging risks remain in corporate credit growth, residential property prices and the current account, but there is no excessive credit growth.

Central Bank of Bosnia and Herzegovina Governor Jasmina Selimović called for responsible, transparent and secure use of artificial intelligence in central banking. She emphasized data protection, clear human accountability and AI’s role in supporting rather than replacing expert judgment.

The Dutch Authority for the Financial Markets has directed supervised firms to align sustainability claims and marketing with EU consumer rules enforceable in the Netherlands since July 2026. Claims must be specific and substantiated, while generic environmental claims, unverified labels, offset-based claims and unsupported future targets face tighter restrictions. The rules apply alongside existing financial sector requirements.

Estonia's Ministry of Finance has detailed a government approved bill introducing standardized pension fund disclosures from June 2027 and a uniform methodology for personal return calculations from the start of 2028. The bill would also expand investment fund lending and depositary options, strengthen liquidity management requirements and make fund mergers more flexible.

The Financial Supervisory Authority of Norway reported higher life insurer returns and substantially stronger non-life insurer results in the first half of 2026. Life insurers’ collective portfolio return rose to 7.8%, while non-life insurers’ pretax profit reached 23.3% of insurance revenue and their combined ratio fell to 82.6%. Pension fund returns edged down to 7.2%.