The National Bank of the Kyrgyz Republic has amended several regulatory acts to refine the framework governing Kyrgyz commercial banks’ activities in foreign countries. The changes aim to strengthen the legal basis for cross-border banking regulation and maintain an adequate level of banking supervision.
The Bank for International Settlements has published a working paper analysing how prudential regulation can strengthen fiat-backed stablecoins by imposing liquidity and capital thresholds designed as usable buffers rather than hard minima. The paper finds that such thresholds increase cash and capital, materially reduce issuer default and spillover risks, and that hard minimum liquidity requirements can instead trigger premature bond sales and higher default risk.
The National Bank of Romania reported that foreign exchange reserves declined to EUR 64.051 billion at 31 May 2026 from EUR 64.836 billion at end-April, with total international reserves (including gold) falling to EUR 77.042 billion from EUR 78.007 billion. In May, inflows of EUR 2.253 billion and outflows of EUR 3.038 billion reflected changes in foreign currency minimum reserve requirements, funding of Ministry of Finance and European Commission accounts, and EUR 1.417 billion in public debt service, while the gold stock remained at 103.6 tonnes valued at EUR 12.991 billion.
The State Bank of Vietnam held a training session for regional branch leaders where Permanent Deputy Governor Doan Thai Son provided guidance on legal work and state management in the monetary and banking sector. Branches were instructed to operate strictly within their statutory authority, consult central units on legal issues, standardise procedures and checklists for inspections, supervision and licensing, and strengthen use of electronic legal databases. The session also underlined the direct role of regional branches in managing and supporting local people’s credit funds.
The Central Bank of the Republic of Azerbaijan revoked the electronic money organisation licence of Paysis LLC (licence EPT-007) by Board decision on 1 June 2026 under Article 54.1.1 of the Law on Payment Services and Payment Systems. The licence had been granted on 11 July 2024.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved the appointment of Erlan Ersainovich Esenov as deputy chief accountant of ADCB Islamic Bank JSC. The decision was formalised under Protocol No. 36/BVU/T dated 29 May 2026.
The Agency for Regulation and Development of the Financial Market of Kazakhstan reminded market participants of the independent insurance ombudsman mechanism for out-of-court resolution of insurance disputes. Individuals and small businesses may bring disputes across all insurance types within a monetary cap, while other legal entities are limited to compulsory motor insurance disputes, with ombudsman decisions binding on insurers if accepted by applicants and serving as evidence of mandatory pre-trial dispute resolution.
The Financial Supervisory Authority of Norway has published its 2025 report on alternative investment funds, based on reporting from registered and authorised AIF managers in Norway. The report shows total assets under management of NOK 396.3 billion at end-2025, up NOK 39.6 billion from end-2024, with real estate funds and active ownership funds the largest fund types, and reviews developments in managers, funds, investors and investments, excluding managers or funds authorised in the fourth quarter.
The National Bank of Belgium’s latest Business Echo reports that Belgian economic activity strengthened in the first quarter of 2026, though firms remain cautious for the second quarter amid fragile demand, renewed uncertainty and higher energy prices. Hiring has slowed, labour shortages are increasingly concentrated in technical and digital or AI-related roles, and firms face renewed cost pressures while weak demand and competition constrain pricing power. Investment plans largely continue but focus on automation, digitalisation, AI and efficiency, with manufacturing under structural pressure and construction subdued, while ICT-related business services outperform.
The Insurance Supervision Agency of Montenegro has licensed Veder neživotno osiguranje AD Zeta to conduct non-life insurance business, adding a new entrant to the Montenegrin non-life market. The company has been entered in the Central Register of Business Entities and the authorisation decision published in the Official Gazette of Montenegro.
The Insurance Supervision Agency of Montenegro outlined its supervisory priorities for 2026, focusing on protection of insurance users, development of market competition, digitalisation of services and greater transparency in distribution channels. The director reported that policyholder protection mechanisms are functioning, financial stability remains high, and the agency will continue to strengthen the regulatory framework, enhance supervisory practices and align with European standards.
The Central Bank of Jordan has revoked the licence of Sadad Logistics Services Company as an electronic payment service provider for electronic money collection through the eFawateercom system via cash collection offices. The decision, taken by the board on 21 May 2026, was made under the Electronic Payment and Transfer System Regulation No. 111 of 2017 and related instructions.
The Basel Committee on Banking Supervision has published a report on information and communication technology risk management for non-malicious ICT incidents at banks, positioning these within operational risk and resilience. The report compares bank, regulatory and supervisory practices across jurisdictions and complements the Committee’s earlier cyber resilience work. The Committee will continue to monitor digitalisation and financial technology developments, including artificial intelligence models and their implications for banks’ cyber security.
The Australian Securities & Investments Commission reported that the Downing Centre Local Court convicted two New South Wales directors ex parte for failing to obtain a director identification number, fining each AUD 10,000 for breaching section 1272C(1) of the Corporations Act 2001. ASIC noted that failure to hold a director identification number is a strict liability offence and that these cases bring its total director ID non-compliance prosecutions to 11, with more than AUD 40,000 in fines.
The National Bank of Moldova has launched a project to amend functional and technical requirements for interfaces used by account servicing payment service providers, so they comply with open, common and secure communication standards set by international or European standardisation bodies and support Moldova’s open banking framework. Planned changes include new provisions on access for legal persons and recurring payments, aimed at improving interoperability, efficiency and accessibility in digital financial services and aligning with European practices.
The Austria Financial Market Authority’s 2025 annual report finds the financial sector stable, profitable and well capitalised, and urges firms to strengthen capital, adopt conservative valuations, maintain provisions, reduce problem loans and invest profits in digitalisation, efficiency and cybersecurity while preparing for external shocks and real estate risks. It details the first year of Markets in Crypto-Assets Regulation supervision, initial data on licensed crypto-asset service providers, notes application of the Digital Operational Resilience Act in 2025, and highlights artificial intelligence as a 2026 supervisory focus after pilots in fraud prevention, identification, anti-money laundering and claims handling.
The European Commission’s Gas Market Task Force has issued a special report finding that EU gas and gas derivatives markets function well, while highlighting areas for further work. The report covers monitoring algorithmic trading, developing new market surveillance tools, implementing the Regulation on wholesale Energy Market Integrity and Transparency, refining commodity derivatives trading rules, and enhancing data sharing and cooperation between energy and financial supervisors, drawing on the Commission’s 2025 consultation on commodity derivatives markets.
Iceland’s Ministry of Finance and Economic Affairs has published a report by foreign experts on options for Iceland’s future currency arrangements to support an informed policy debate. The ministry is hosting a conference in Reykjavik to present the report’s conclusions and discuss implications for the krona, potential euro adoption, and labour market and competitiveness in a changed currency environment.
The Astana Financial Services Authority has issued guidance on how annual supervision fees apply to authorised persons holding combined licences for multiple Regulated or Market Activities under the Astana International Financial Centre Fees Rules. The guidance clarifies when licence combinations are considered interrelated or overlapping so that participants pay only the highest applicable fee, and provides an illustrative list of activity combinations that may qualify under FEES 3.1.5(c)–(e).
The European Banking Authority has updated its European Union list of other systemically important institutions based on 2025 notifications from national authorities, identifying 172 O-SIIs at the highest level of consolidation, broadly unchanged from 2024. The list discloses each institution’s systemic importance score and applicable capital buffer, which ranges from 0.25% to 3%, with designation remaining the responsibility of national authorities under harmonised EBA Guidelines.
The Norwegian Ministry of Finance has appointed Susanne Munch Thore as chair of the Financial Supervisory Complaints Board from 1 September 2026 and Linda Brennbakk, Mirella Elisa Grant and Eyvinn Rudjord Helgevold as new members from 1 June 2026. Deputy chair Morten Kinander will act as chair until September and then continue as deputy chair, while existing member Trude Myklebust will leave the board on 30 June 2026. The board is an independent body reviewing complaints against decisions of the Financial Supervisory Authority of Norway.
The Central Bank of Montenegro’s Council adopted the 2025 Annual Report, Price Stability Report and Financial Stability Report, highlighting progress on EU accession, completion of Montenegro’s accession to the Single Euro Payments Area and financial system resilience. The reports note strong bank capital and liquidity, rapid credit growth, rising real estate prices, and average 2025 inflation of 3.9 percent, with an uncertain 2026 outlook. The Council said earlier macroprudential measures had strengthened resilience and that it would continue to monitor systemic risks.
The Taskforce on Nature-related Financial Disclosures, in partnership with Accounting for Sustainability, has published a guide for chief financial officers on assessing how nature-related dependencies, impacts, risks and opportunities affect financial performance and prospects. The guide uses targeted questions to help embed nature into risk management, capital allocation, valuation, performance management, financial planning and strategy, and to support responses to growing scrutiny from boards, investors and stakeholders.
The Bank of Mozambique issued a new payments notice requiring credit institutions and financial companies to connect to the National Single Network before offering electronic payment products and services, mandating real-time reporting of connection status and outages, and routing all electronic payment terminals and new products through the network under Sociedade Interbancária de Moçambique’s oversight. A separate investor protection notice requires securities intermediaries to classify clients as professional or non-professional, maintain written categorisation policies and records, and apply quantitative limits on non-professional investments in complex or high-risk products and certain public offers, subject to suitability and risk assessments.
The Central Bank of Russia reported that project finance in housing construction grew 1% in 2026 Q1 to RUB 10.3 trillion, with weak growth driven by developer debt repayment, weather-related delays and cautious project launches amid demand uncertainty. Credits to escrow accounts fell 33% quarter-on-quarter to RUB 1.3 trillion, normalising to 2025 levels, while outstanding shared construction agreements stayed near RUB 1.5 trillion. The weighted average project finance rate dropped below 10%, well under the 15.4% corporate rate, but project finance costs are declining more slowly as key rate cuts have limited impact on loans backed by escrow funds.
The National Bank of Hungary’s Financial Stability Report finds the banking system remained highly profitable, liquid and well capitalised in 2025, with non-performing loans at a historic low and stress tests showing only limited capital shortfalls. It highlights rising risks in household lending and housing as the Home Start Programme boosted mortgage growth, raised loan-to-value ratios and coincided with a 23.5 per cent rise in house prices and an estimated 22.5 per cent overvaluation. Interest-subsidised loans are increasing earnings volatility, while the war in Iran has added pressure via higher energy prices and weaker risk appetite.
Reserve Bank of Australia Monetary Policy Board member Ian Harper said the recent fuel price shock from the Middle East conflict reinforced the Bank’s May decision to raise the cash rate to 4.35 per cent, noting inflation had already begun rising before the conflict. He said monetary policy cannot prevent the initial fuel price increase but aims to stop the shock embedding in broader inflation, with forecasts showing underlying inflation above the 2 to 3 per cent target band until 2027 and GDP growth slowing to around 1.3 per cent as labour market conditions soften.
The Riksbank appointed Karolina Liron Källåker as its new HR Manager. She previously held HR leadership roles at Business Sweden, Vinnova and Finansinspektionen, and the start date for her new position has not yet been set.
The European Central Bank’s June 2026 review finds that foreign demand for the euro area’s benchmark safe asset, proxied by German government bonds, has increased, with the foreign convenience yield rising from almost 60 basis points in 2023 to around 90 basis points in 2025. However, the euro’s reserve and safe-asset role remains constrained by the limited and fragmented supply of highly rated euro-denominated sovereign debt, as US Treasuries still benefit from a significantly deeper, more unified market. The paper notes upcoming and proposed European Union bond issuance for Ukraine support, defence and crisis instruments, and concludes that a genuine highly rated European safe asset could bolster the euro’s international reserve role.
The European Central Bank reported a moderate rise in the euro’s international role in 2025, with its share of key international currency use indicators at around 20%, supported by a roughly 30% increase in international euro debt issuance to a record high and strong foreign portfolio inflows. The euro became the leading currency in the green and sustainable international bond market, reinforcing its status as the second most important global currency. The report warns that geopolitical fragmentation, higher central bank gold holdings and alternative cross-border payment systems expose fragilities in the international monetary system, and argues that a stronger global role for the euro will require deeper capital markets, a larger safe pool of EU public debt and sustained trust in euro area institutions and policies.
The European Central Bank published new indicators on the currency composition of the euro area’s cross-border assets and liabilities, showing the euro denominated about two-thirds of liabilities and one-third of assets in 2025. The euro’s share of liabilities rose from 54% in 2015 to 66% in 2025, largely at the expense of the US dollar, leaving the euro area net short in euro and long in foreign currencies, with potential valuation gains when the euro depreciates. The ECB links the higher euro share in liabilities to increased government debt supply, higher interest rates, stronger extra-euro area trade, improved business sentiment and lower policy uncertainty.
The European Central Bank’s latest review of the international role of the euro finds that the currency showed safe-haven characteristics in several US-driven risk-off episodes in 2025 and early 2026, appreciating alongside the Swiss franc and Japanese yen while the US dollar weakened. The report highlights increased foreign purchases of euro area securities, higher convenience yields on German Bunds and a USD 82 billion decline in official US Treasury holdings at the New York Federal Reserve to USD 2.7 trillion, and concludes that deeper, more integrated euro area capital markets are needed to manage volatile inflows and strengthen the euro’s international role.
The European Central Bank’s 25th annual review finds the euro’s global use increased moderately in 2025, with its composite international role measure rising to around a 20% share across indicators and the currency showing safe-haven behaviour during several risk-off episodes. The strongest gains were in funding markets, where international euro-denominated bond and loan issuance rose by around 30% to more than USD 1.1 trillion and the euro became the leading currency in the green and sustainable international bond market, while its share in global foreign exchange reserves and trade invoicing remained broadly stable. The review stresses that further strengthening of the euro’s international role hinges on completing the Single Market, deepening capital markets and reinforcing economic and institutional resilience, and notes ongoing Eurosystem work on payments infrastructure, a potential digital euro and the EUREP liquidity facility.
South Korea’s Ministry of Economy and Finance said Second Vice Minister Heo Jang will attend the OECD Ministerial Council Meeting in Paris on 3–4 June, where South Korea will serve as a vice-chair. Heo will deliver a keynote at the opening session, chair a session on the state’s role in regulation and fiscal matters, and hold bilateral meetings with the OECD chief economist and senior French financial officials on economic trends and cooperation.
The Bank of Finland reported that Finnish non-financial corporations excluding housing corporations drew EUR 6.2 billion in new loans in January–April 2026, down 18% year on year, while April lending rose 4% to EUR 1.9 billion and the average rate on new corporate loans increased to 4.07%. Recognised losses on corporate loans rose to EUR 160 million and non-performing corporate loans to EUR 2.0 billion, while impairments declined to EUR 740 million. New housing loan drawdowns fell to EUR 1.2 billion in April with an average rate of 3.12%, and household deposits stood at EUR 117.2 billion with an average rate of 0.81%.
Dubai International Financial Centre announced that Allied World Assurance Company Holdings has opened a new regional office in the Centre, adding specialist insurance and reinsurance capacity and a local base for Middle East clients. DIFC reported gross written premiums exceeding USD 4.2bn in 2025, up 20 per cent year on year and more than double 2022 levels, with premiums brokered from the Centre rising 14 per cent to over USD 3.4bn. Its insurance and reinsurance ecosystem now comprises more than 135 firms, including 28 new insurance-related firms authorised during 2025 and early 2026.
The Australian Treasury has launched a consultation on whistleblowing frameworks in Part 9.4AAA of the Corporations Act 2001 and Part IVD of the Taxation Administration Act 1953, assessing whether 2019 reforms adequately protect whistleblowers and support compliance in tax, corporate and financial sectors. The paper addresses issues including whistleblower eligibility, scope of entities and disclosures, protections, remedies, penalties, policies and potential financial incentives, and notes divergences between tax and corporate regimes and overlaps with other frameworks. Stakeholder submissions will inform a final report to government for tabling in Parliament.
The Thailand Office of Insurance Commission has joined a national preparedness project led by the Anti-Money Laundering Office to ready the country for its 2028 assessment against Financial Action Task Force standards as a member of the Asia/Pacific Group on Money Laundering. It outlined its supervision of insurers’ anti-money laundering, counter-terrorist financing and counter-proliferation financing controls, including customer due diligence, transaction monitoring and oversight of agents and brokers. The Office of Insurance Commission and the Anti-Money Laundering Office plan to sign a memorandum of understanding in 2026 to enhance information sharing and coordinated supervision.
The Agency for Regulation and Development of the Financial Market of Kazakhstan approved 10 senior appointments in the insurance sector, including governing body members, independent directors, executives, other senior managers and heads of insurance brokers, with one multi-role consent granted to Zh.B. Dzhanserikova. The agency reiterated that, under the Law on Insurance Activities, senior executives with existing supervisory consent may move to similar roles without new approval if qualification requirements are met, and that current consents are recorded in the insurance sector permits register.
Poland’s Monetary Policy Council kept Narodowy Bank Polski’s reference rate at 3.75% (corridor steady at 3.25–4.25%), extending a three-meeting pause after 200 bp of cuts since May 2025. Citing May CPI at 3.1 % and softer Q1 growth against mounting external price pressures, the Council affirmed a data-dependent stance and readiness to intervene in foreign-exchange markets to preserve macro-financial stability.
The South Korea Financial Supervisory Service reported that April 2026 corporate financing via debt and equity issuance rose 13.2% month on month to KRW22.6157 trillion, driven by a 13.6% increase in debt issuance despite a 6.0% decline in equity issuance. Commercial paper and short-term bond issuance also expanded 13.0% to KRW226.6038 trillion, while the outstanding balance of debt fell to KRW745.2807 trillion at end-April.
The Superintendency of the Financial System of El Salvador has certified the Directing Council’s approval for Savings and Credit Company LAFISE, S.A. to begin operating with the public as a savings and credit company under Article 20 of the Banks Law and technical standards NRP-47. LAFISE has fixed share capital of USD 6,000,000, fully subscribed and paid, and the certification must be published in the Official Gazette and widely circulated media or equivalent digital platforms.
The New Zealand Financial Markets Authority announced that the Credit Contracts and Consumer Finance Amendment Bill confirms transfer of responsibility for the Credit Contracts and Consumer Finance Act 2003 from the Commerce Commission to the FMA on 1 July 2026. From that date, entities governed by the Act will be monitored and supervised by the FMA and deemed to hold an FMA licence for their consumer credit service, while the FMA and Commerce Commission manage staff and information transfer under agreed governance and security protocols.
The Central Bank of Uruguay hosted the “Include to Grow” event on expanding women’s financial inclusion and reducing gender gaps in access to finance, with Vice President Ana Claudia de los Heros linking this agenda to the bank’s monetary and regulatory roles. Participants noted that women lead about half of Uruguay’s micro, small and medium-sized enterprises yet face weaker access to formal finance than men, and reviewed tools to integrate gender perspectives into product design, data management and organisational processes, including UN Women’s Inclusive Financial Ecosystems approach.
The Brazil Securities Commission imposed a BRL 255,000 fine on Thiago Yabrudi Brimana for irregular securities portfolio management in breach of CVM Resolution 21 and Law 6,385/76. It also fined six directors of TBM-Têxtil Bezerra de Menezes S.A. for failures in periodic reporting and in holding the annual general meeting within the legal deadline. All sanctioned parties may appeal to the National Financial System Appeals Council with suspensive effect.
The Central Bank of Belize, through the Governor as Registrar of Credit Unions, has authorised the administrator of St. Francis Xavier Credit Union Ltd. to convene a special meeting on 14 June 2026 for members to elect a new Board of Directors and Supervisory and Credit Committees. The administrator will remain in place for three months to support an orderly transition. The Registrar aims to preserve reforms introduced during the administration, including reduced non-performing loans, strengthened controls and compliance, adjusted loan interest rates, and upgraded services and infrastructure, and may conduct fitness and propriety due diligence on elected or appointed individuals.
The Consumer Financial Protection Bureau reported that Bilt has contacted potentially affected customers and is reimbursing overdraft, late and insufficient funds fees arising from its transition to a new bank partner, following the bureau’s direction to provide full redress. Bilt’s documentation indicates transition-related technical issues have been resolved and systems restored, and the bureau will continue to monitor remediation efforts and provide an update once satisfied that full redress has been achieved.
The Zimbabwe Insurance and Pensions Commission has cancelled the registration of Orchid Funeral Assurance Private Limited for breaching its licensing terms and failing to remedy the issues. The firm did not maintain minimum capital, failed to submit required returns and audited financial statements, and operated without a Principal Officer and functioning board.
The Securities and Exchange Regulator of Cambodia, together with market intermediaries, held an investor education seminar titled “Unlocking Wealth In Securities Market” to promote more active securities trading. The event explained investment fundamentals and demonstrated how to start investing in stocks using the Cambodia Securities Exchange Trade application to around 100 participants.
The Japan Financial Services Agency reported that the director of the Local Finance Bureau imposed administrative action on Kurosai Co., Ltd. on 1 June 2026, following a recommendation from the Securities and Exchange Surveillance Commission. The action followed an inspection that identified problems at the company, with further details available from the Finance Bureau.
The Angola Capital Markets Commission held a workshop at the Methodist University of Angola on capital markets, saving and investment as part of its Financial Education Programme. Aimed at students and faculty, the session covered the functioning of the financial system, basic capital markets principles and the collective investment schemes industry, and included an interactive question-and-answer segment.
The Japan Financial Services Agency has introduced a new registration regime under the Payment Services Act for intermediaries of electronic payment instruments and crypto asset services, effective June 1, 2026. Firms entrusted by a registered electronic payment instruments business operator, including stablecoin brokers and managers, or a crypto asset exchange operator may conduct specified intermediary activities in Japan by registering, provided they perform only one defined category of activity.
The Superintendency of Banks of the Dominican Republic reported that agricultural sector lending reached DOP 132,415 million at end-2025, up 4.1% year-on-year and accounting for 10% of total commercial credit, focused on crop and livestock production and agroindustrial credit lines. Rice, cocoa and coffee together represented about 23.6% of the agricultural portfolio, while the North (Cibao) and Metropolitan regions concentrated most lending, and agricultural loans carried lower average interest rates and slightly lower delinquency than other commercial credit.
The Bank of Italy has published a historical note marking the 80th anniversary of Italy’s June 1946 institutional referendum, highlighting how the birth of the Republic restored the central bank’s autonomy and normal institutional role. This autonomy enabled Banca d’Italia to lead post-war monetary stabilisation, manage international aid and loans, and support reconstruction and low-inflation growth that raised Italy’s per capita income to levels comparable with France, the United Kingdom and Germany.
The Office of the Comptroller of the Currency appointed Benjamin Eddy as Senior Deputy Comptroller for Regional and Midsize Financial Institutions, effective June 1. He will oversee supervision of national banks and federal savings associations with assets between USD 30 billion and USD 500 billion, shape and scale supervision teams and infrastructure, and serve on the agency’s executive committee.
The Commodity Futures Trading Commission awarded more than USD 8 million to five whistleblowers whose timely reports and assistance helped resolve a fraudulent scheme and secure a substantial recovery for defrauded investors. The agency reiterated that whistleblowers may receive 10 to 30 percent of collected monetary sanctions, with awards paid from the Customer Protection Fund, and noted that its whistleblower program has issued over USD 430 million in awards tied to more than USD 3.7 billion in sanctions since 2014.
The European Central Bank is inviting financial market stakeholders and public sector bodies to join the Appia contact group to support the Eurosystem’s Pontes and Appia projects on tokenisation and distributed ledger technology. The group will advise on business and technical aspects of a tokenised wholesale financial market, including Pontes’ operation and evolution and the Appia blueprint, and will comprise private and public stakeholders and national central banks.
The Croatian Financial Services Supervisory Agency adopted a regulatory package for the investment fund sector, including a new rulebook on the register of alternative investment fund managers and funds, amendments on authorisation, capital, units, depositary services and reporting, and an updated public consultation plan through 2026. It also approved a EUR 4 million subordinated bond prospectus for SLATINSKA BANKA d.d., authorised DIGITAL ASSETS d.o.o. as a crypto-asset service provider, adjusted several insurance distribution licences, and confirmed remedial compliance by Oraclum Capital LLC while maintaining trading and distribution bans on the ORCA BASON Fund.
The Bank of Spain published official reference rates for variable-rate mortgage loans for May 2026, with the one-year Euribor rising to 2.804% from 2.747% and standing 0.723 percentage points above its level a year earlier. It also released updated Euribor tenors, the five-year interest rate swap at 2.886%, €STR-based reference rates, and Mibor at 2.804%, which remains applicable only to contracts formalised before 1 January 2000.
The Chile Financial Market Commission has extended to 15 June 2026 the second public consultation on its regulatory project to tighten debtor consent terms for accessing information in the Consolidated Debt Registry. The extension follows industry requests in light of the proposed amendment’s potential effects.
The Chile Financial Market Commission has opened a consultation on two regulatory proposals specifying how and when securities intermediaries and commodity exchange brokers must submit information for supervisory purposes. One proposal introduces monthly turnover reporting to assign firms to brackets that determine proportional application of General Rules No. 510, No. 528 and No. 562, while the other requires monthly and daily reporting on minimum capital, collateral, liquidity and indebtedness to monitor compliance.
The European Fund and Asset Management Association’s March 2026 Monthly Statistical Release reports combined UCITS and alternative investment fund net outflows of EUR 38 billion, reversing EUR 143 billion of net inflows in February, with total net assets down 3.4% to EUR 25.4 trillion. UCITS recorded EUR 41 billion of net outflows, driven by long-term and money market funds, while alternative investment funds saw EUR 3 billion of net inflows. EFAMA attributed the UCITS outflows, about 0.2% of net assets, to market disruption and weaker investor sentiment during the war with Iran.
The Superintendency of Banks of the Dominican Republic published a report showing that agricultural lending rose 4.1 percent to DOP 132.415 billion at the end of 2025, representing 10 percent of total commercial credit. Financing was concentrated in agricultural and livestock production, with rice, cacao and coffee making up 23.6 percent of the portfolio. Interest rates remained below the wider commercial portfolio and the delinquency ratio in multiple banks was 0.8 percent.
The Brazil Securities Commission will hold a public judgment session on 2 June to hear two administrative sanctioning proceedings. One case concerns alleged irregular exercise of securities portfolio management activity by Thiago Yabrudi Brimana, and the other alleged failures by directors of TBM-Têxtil Bezerra de Menezes S.A. to submit periodic information and hold the annual general meeting within the legal deadline.
The Jordan Securities Commission announced the start of official operations of an electronic trading link between Jordan’s capital market institutions and Abu Dhabi Securities Exchange via the Tabadul platform. The link enables cross-market trading through brokerage firms under an integrated legal, regulatory and operational framework, with settlement, clearing and pre- and post-trade services embedded in the arrangement.
The Argentina Superintendency of Insurance signalled a continued shift toward international standards and a gradual move to risk- and solvency-based supervision, with a focus on market organisation, deregulation and greater use of technology. Superintendent Guillermo Plate highlighted improving economic conditions, growth potential in life, retirement, health and agricultural insurance, and ongoing cooperation with regional and international supervisory bodies to modernise oversight.
The Saudi Central Bank has licensed Muwafaqa Alragmiya to provide finance aggregation services in Saudi Arabia. It reiterated that customers should deal only with authorized financial institutions listed on its website.
The Saudi Central Bank has licensed jak almuqaddimah Company to provide consumer finance in Saudi Arabia, bringing the total number of finance companies licensed by the authority to 75. The central bank reiterated that customers should deal only with authorized financial institutions.
The Commodity Futures Trading Commission has enhanced its electronic filing system for product self-certifications, allowing exchanges to submit a single set of certification documents for multiple comparable contracts in one consolidated filing. The change removes the need for duplicate submissions, is intended to reduce administrative burden for exchanges and the Commission, and aligns with Executive Order 14243 on eliminating bureaucratic duplication and inefficiency.
The Astana Financial Services Authority fined Veritas Group Limited USD 18,072 and S1LK PAY Ltd USD 19,224 for regulatory breaches under the Astana International Financial Centre framework, applying a 30% settlement discount. Veritas conducted unauthorised regulated activities and issued non-compliant financial promotions, while S1LK PAY had deficiencies in systems and controls for ongoing compliance; both firms took corrective action and remain under AFSA monitoring. AFSA will not publish Decision Notices for these cases due to a transition in its enforcement disclosure framework, with this press release serving as the public record.
The Astana Financial Services Authority fined Verum Payments Limited USD 21,854 for conducting regulated activity and issuing financial promotions before meeting post-authorisation conditions, resolving the case by settlement with a 30% discount. Verum Payments has agreed to remediate the breaches under an action plan, which the authority will monitor, and the AFSA stated that this press release serves as public disclosure under the previous enforcement framework, with future outcomes to be published via Decision Notices.
The Securities and Exchange Commission of the Republic of North Macedonia and Mother Teresa University in Skopje opened a three-day Summer School on financial markets and securities for students, as part of broader efforts to strengthen financial literacy and support the domestic capital market. The programme covers fundamentals of financial markets and instruments, the regulatory environment, ethics, practical aspects of securities trading, market analysis, investment strategies and risk management.
The Isle of Man Financial Services Authority is consulting on proposed updates to capital requirements for class 12 captive insurers and class 13 insurance special purpose vehicles. The package would introduce a simplified solvency capital requirement framework for class 12 firms, transpose with amendments the minimum and solvency capital requirement framework for class 13 firms, and amend valuation, solvency and corporate governance rules to support a proportionate regime in a competitive international insurance market.
Financial Planning Standards Board India has appointed Ramesh Vishwanathan as chief executive officer, responsible for strategic direction, growth and advancing financial planning standards with a focus on Certified Financial Planner certification. The appointment comes amid continued growth in India’s CFP market, where the number of CFP professionals increased 9.9% year on year in 2025 to 3,534, within a global CFP community of 236,300 across 29 territories.
The Central Bank of Brazil published its annual Economics and Finance Research Report, outlining 2025 research activity and its role in supporting public policy. The report details 29 working papers, other publications and research events with external partners, and notes the launch of the 2026–2029 Research Agenda to set priorities in macroeconomics, finance and the National Financial System.
The Central Bank of Peru reported that total credit to the private sector grew 8.7 percent year on year in April, up from 7.2 percent in March, with outstanding balances reaching PEN 447.66 billion. Household credit rose 8.2 percent year on year and 1.1 percent month on month to PEN 187.39 billion, while business credit increased 9.0 percent year on year and 2.5 percent month on month to PEN 260.28 billion. Sol-denominated credit grew 7.4 percent year on year, and foreign-currency credit rose 13.4 percent year on year.
Mexico’s Ministry of Finance and Public Credit reported that the Financial Intelligence Unit and the National Customs Agency of Mexico signed a cooperation agreement to strengthen information sharing, coordination and capacity building against illicit foreign trade activity. The Financial Intelligence Unit will share intelligence from financial institutions, while the customs agency will provide data on foreign trade operations and cross-border cash movements, supported by joint training, technical assistance and secure information-sharing with confidentiality safeguards.
The Central Bank of the Dominican Republic will introduce DOP 500 banknotes dated 2025 into circulation from 2 June 2026, with existing DOP 500 notes remaining legal tender. The new series retains the current security features, including the Juan Pablo Duarte watermark, tactile marks for the visually impaired, latent image, color-shifting security thread, serial numbering, microprinting, and the Central Bank visual identity mark.
The Central Bank of the Dominican Republic will introduce 2025 issue DOP 100 banknotes into circulation on 2 June 2026, treating them as a new print year rather than a redesign. The notes retain the existing security features, and current DOP 100 banknotes will remain legal tender.
The Central Bank of the Dominican Republic will introduce 2025 series DOP 50 banknotes into circulation on 8 June 2026, with existing DOP 50 notes remaining legal tender. The new notes retain the current security design, including a year mark, tactile mark for visually impaired users, latent image, embedded security thread, serial numbering, microprinting and the Central Bank’s visual identity mark.
The Central Bank of Chile reported that the Monthly Economic Activity Index (Imacec) fell 1.2% year on year in April 2026, mainly due to weaker mining, while rising 0.1% month on month on a seasonally adjusted basis. Non-mining Imacec increased 0.4% year on year, with goods production down 5.4% on lower copper output, partly offset by growth in commerce and services.
The Financial Services Regulatory Authority of Ontario imposed CAD 37,500 in administrative penalties and issued compliance orders against 24/7 Auto Collision Inc., 2551662 Ontario Inc., and Altaf Hussain, restricting them from engaging in the business of insurance. FSRA found they engaged in unfair or deceptive acts or practices by charging for insurance-claim-related goods or services that were not provided or were substantially deficient, contrary to section 439 of the Insurance Act. The respondents did not request a hearing before the Financial Services Tribunal.
The Financial Conduct Authority announced that Halo Financial Limited entered special administration on 29 May 2026, with two joint special administrators appointed to manage customer claims and return funds where possible. Halo had previously agreed to a voluntary undertaking restricting its payment services activities and remains authorised while the FCA engages with the administrators to seek the best outcomes for consumers. The FCA also warned customers to be alert to potential fraud.
At the African Development Bank’s Board of Governors meetings, the Mozambique Ministry of Finance called for urgent action to reduce Africa’s high financing costs by tackling uncertainty and investor risk. It urged less regulatory fragmentation, a stronger African Development Bank de-risking role and deeper domestic and regional financial markets. Mozambique also pressed for faster project execution and support to scale youth employment and MSME finance programs.
The Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru announced the winners of World Savings Week 2026, recognizing partner institutions for financial education initiatives reviewed by national and international experts. The campaign, promoted by the Organisation for Economic Co-operation and Development and held from 16 to 22 March under the theme “Let’s talk clearly about money”, involved 74 allies, more than 2,700 activities and reached nearly 12.5 million Peruvians.
De Nederlandsche Bank published an exploratory review of payment fraud controls at seven banks, payment institutions and electronic money institutions, finding that while all had dedicated teams and multiple measures, fraud management was often not guided by clear strategic objectives. The review highlights differing roles and tools across the payments chain and notes that explicit strategic goals can reduce fraud. DNB will follow up the findings through ongoing supervision and, where relevant, on-site inspections.
De Nederlandsche Bank published opening remarks by Director for Monetary Affairs Bas ter Weel stressing that innovation in retail payments must be matched by safeguards for resilience, accessibility and other public interests. He presented the digital euro as a complementary form of public money to preserve trust as cash use declines and digital payments expand, and highlighted the need for coordination among banks, payment firms, retailers, policymakers and consumer groups amid broader shifts such as European initiatives like WERO and evolving cash infrastructure.
De Nederlandsche Bank board member Steven Maijoor, speaking at a Money20/20 pre-event in Amsterdam, addressed fintech innovation and supervision. He emphasized that both the fintech sector and supervisors share responsibility for maintaining a safe, reliable and future-proof financial system.
The Financial Services Regulatory Authority of Ontario has issued final Own Risk and Solvency Assessment guidance for Ontario-incorporated insurance companies and reciprocal insurance exchanges, setting out how it will assess ORSA under a principles-based approach to strengthen risk management and capital adequacy. The guidance outlines principles and outcomes for prudent capital management, allows flexibility and proportionality in supervisory assessments, and reflects feedback from a prior public consultation.
The Financial Services Regulatory Authority of Ontario has issued final Corporate Governance Guidance and Operational Risk and Resilience Guidance for Ontario-incorporated insurance companies and reciprocal insurance exchanges. The principles-based guidance sets expectations for governance, operational risk management and resilience to strengthen oversight and improve insurers’ ability to manage operational risk and respond to disruptions, informed by a prior public consultation and consultation summary report.
The National Bank of Georgia announced that Tbilisi will host the Tbilisi Financial Summit on 27–28 October, focused on regional economic corridors at the intersection of policy, finance and technology. Co-organised with the Ministry of Economy and Sustainable Development and Singapore’s Global Finance & Technology Network, the summit will convene central bank governors, financial and technology participants for sessions on cross-border corridors, financial technology, open banking, artificial intelligence and Georgia’s role as a regional financial innovation platform, and will include a hackathon.
The National Bank of Georgia and Visa launched “Financial Football”, an interactive web-based game to build financial awareness and money-management skills among young people. Developed under Visa’s educational initiative, the game uses football-themed scenarios and decision-making tasks to help students apply financial concepts in practice.
The Central Bank of the Republic of Kosovo reported a March 2026 current account deficit of EUR 239.57 million, down 22.21% year on year, driven by a narrower goods trade gap and a larger services surplus. Remittances reached EUR 313.46 million through March and an estimated EUR 431.07 million through April, while direct investment in Kosovo rose 7.81% to EUR 215.55 million and reserve assets increased by EUR 130.37 million, mainly due to higher deposits.
The Central Bank of Russia will extend existing restrictions on cross-border funds transfers from 8 June 2026 to 7 December 2026. Non-resident individuals from unfriendly countries who work in Russia may continue to transfer abroad up to their wages, while the ban remains for other non-resident individuals and legal entities from such countries, with exemptions for foreign companies controlled by Russian persons, certain foreign investors, and RUB transfers via correspondent accounts of banks in unfriendly countries.
The Central Bank of Russia has doubled to RUB 30 million the threshold below which Russian residents do not need individual approval to pay for shares, contributions and units in non-residents’ assets for the benefit of one legal entity. The threshold, calculated from transactions since 1 April 2024, applies to payments in RUB or foreign currency and also covers contributions to non-residents under simple partnership agreements, with transactions above the limit still requiring approval.
The Central Bank of Russia reported that individual endowment life insurance premiums rose more than 1.5 times year on year to RUB 364.4 billion in January–March 2026, driving an 11.4% increase in total insurance premiums despite a near one-third contraction in non-credit life insurance. Most endowment policies had terms of up to one year and deposit-like guaranteed income, with payouts of RUB 250.3 billion and almost half of single-premium contracts exceeding RUB 10 million. Insurers stopped selling investment life insurance, causing related premiums to almost halve to RUB 105.9 billion, while newly introduced unit-linked life insurance generated RUB 16.5 billion in premiums.
The Central Bank of Russia’s latest Financial Stability Review reports broadly stable conditions across the corporate, banking and household sectors. It notes that lower interest expenses are supporting corporate resilience despite weaker profits, banks hold sufficient capital buffers to absorb potential corporate loan losses, and household debt burdens are declining with debt servicing quality gradually stabilising after the 2024–2025 rise in non-performing loans.
The Office of the Comptroller of the Currency released Community Reinvestment Act performance evaluations made public between May 1 and May 31, 2026 for national banks, federal savings associations, and insured federal branches of foreign banks. The OCC reiterated that CRA evaluations assess how institutions meet community credit needs, including in low- and moderate-income areas, and highlighted its online archive of CRA evaluations and list of institutions scheduled for upcoming examinations.
The National Bank of Ukraine reported its May 2026 business activity expectations index rose to 52.1, staying above the neutral 50 level for a third month, supported by a stable energy situation, international aid, recovering consumer demand, improved inflation expectations and seasonal factors. Construction, services and industry remained positive, while trading stayed below neutral amid higher fuel prices, exchange rate fluctuations and rising operating costs, with firms expecting slower growth in input prices and more moderate selling price increases. Labour market expectations were mixed, with construction and trading firms planning to hire and industrial and services firms anticipating workforce cuts.
The National Bank of Ukraine detailed its Emerging Researcher Forum in Kyiv as a platform for students and young researchers to present work, exchange ideas, and receive expert feedback. Selected papers from multiple Ukrainian universities cover fiscal impulses, foreign exchange pass-through, lending availability, global risks to crop production, labour-market effects of digitalisation, and economic effects of reintegrating internally displaced persons, alongside a lecture by the International Monetary Fund’s Resident Representative in Ukraine.