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2026-05-29•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported that Minister of Finance Katayama announced OpenAI, in coordination with the United States government, will grant selected Japanese financial institutions access to its frontier AI model GPT-5.5-Cyber as a cybersecurity measure. Katayama said access for a few major institutions is already underway, while discussions continue on other frontier AI systems and any broader rollout beyond currently trusted institutions, and noted the government will review reports that Anthropic may release comparable technology.
Policy & regulationCooperationArtificial intelligence
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2026-05-29•Japan•Japan Financial Services Agency
At a press conference, Finance Minister Katayama said the government has not decided on a benefit-linked tax credit or any consumption tax relief, calling recent National Social Security Council talks non-decisional. He said no formal proposal exists to cut the food and beverage consumption tax from 8 percent to 1 percent, estimated five to six months would be needed to adjust systems for such a change, and reiterated that authorities may take decisive foreign exchange action against volatility or speculation while declining to discuss intervention effects ahead of official data.
Policy & regulationReform agendas & prioritiesOther
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2026-05-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation and the Bank for International Settlements have launched Project Aperta, a prototype showing how Legal Entity Identifiers can streamline Know Your Customer, Know Your Business and anti-money laundering checks for small and medium-sized enterprises using open banking and open finance APIs for cross-border payments and account opening. Run by the BIS Innovation Hub Hong Kong Centre, the project created a neutral interoperability layer linking open finance networks in the United Kingdom, United Arab Emirates, Brazil, Hong Kong and India to reduce duplicated checks, lower compliance costs and shorten onboarding times. The release also highlights potential use of Legal Entity Identifiers in tokenized finance and cross-border digital asset transactions through the exchange of verified legal entity data among financial institutions, digital asset platforms and regulators.
Policy & regulationImplementation, projects & pilotsKYCAML and CFT
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2026-05-29•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic kept its monetary policy rate at 5.25% in May 2026, with the 1-day repo facility at 5.75% and the overnight deposit rate at 4.50%, citing the economy’s gradual recovery and inflation pressures from higher international oil prices while noting that medium-term inflation expectations remain anchored at its 4.0% ± 1.0% target. Headline inflation rose to 5.11% in April and may stay above target in coming months before returning in the fourth quarter, while the central bank said it will keep monitoring global uncertainty and act as needed to meet its inflation objective.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-29•Europe•European Banking Federation
The European Banking Federation has published a policy paper urging EU institutions and Member States to simplify and modernise the tax framework for financial institutions and services to reduce duplication, compliance complexity and legal uncertainty. It sets five reform priorities, including streamlining the interaction between Pillar Two and the Anti-Tax Avoidance Directive via the 2026 Tax Omnibus, recalibrating automatic exchange of information under the recast Directive on Administrative Cooperation, reassessing the FASTER Directive, and reviewing the value added tax exemption regime for financial services without new sector-specific taxes.
Policy & regulationReform agendas & prioritiesTax transparency and information exchange
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2026-05-29•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported that GDP grew 2.4% year on year in the first quarter, driven mainly by domestic consumption supported by higher household disposable income and increased government spending. It warned that the budget deficit is supporting growth only in the short term and urged political parties to agree on deficit reduction, while noting modest export growth, weaker investment and sectoral divergence, with manufacturing and several services sectors performing strongly. The bank added that the impact of higher energy prices and supply chain disruption from the war in Iran is likely to become more evident in the second quarter.
ResearchEconomic data and developments
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2026-05-29•Kyrgyzstan•National Bank of the Kyrgyz Republic
The Talas Regional Office of the National Bank of the Kyrgyz Republic held a financial literacy lecture for students of Talas State University’s College of Information Technologies, Technology and Economics as part of its regional financial literacy programme. The session covered the history of the Kyrgyz som, numismatic values, financial planning, measures against dropper activity, and activation and removal of a self-ban on obtaining credit in the Tunduk mobile app of the state electronic services portal.
Financial literacy & educationFinancial literacy and education
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2026-05-29•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic participated in the opening of the Bishkek International Financial Forum 2026, where stakeholders discussed digital transformation, fintech, payment systems, cybersecurity, digital assets and central bank digital currency. Governor Almaz Baketaev highlighted digital transformation as a state priority and outlined work on digital infrastructure, including international QR payments, the fast payments system and the Digital Som project.
Policy & regulationReform agendas & prioritiesFintech and insurtechCBDC
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2026-05-29•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has signed a memorandum of understanding with 46 public and private sector bodies under the 2026 State Welfare Registration Project and will act as an eligibility verification agency to support more efficient, transparent delivery of state benefits. The OIC will verify registrants’ qualifications under criteria set by the Cabinet or welfare committee, limit personal data use to eligibility checks, apply security controls in line with the Personal Data Protection Committee’s 2022 requirements, and delete or return data with certification to the Ministry of Finance within 30 days after verification.
Policy & regulationCooperationOther
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2026-05-29•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has instructed Vinhomes to ensure any programme linking customers’ gold holdings to real estate transactions complies with Vietnamese law, including the Law on Credit Institutions, the Ordinance on Foreign Exchange, Decree 24/2012 as amended by Decree 232/2025, and laws on real estate business and consumer protection. The central bank reiterated that policy aims to channel public gold into economic activity while limiting hoarding and speculation, and warned that any gold-based fundraising or payment schemes must comply with the law or face enforcement.
SupervisionInterventionsOther
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2026-05-29•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism held a public hearing on draft guidelines setting minimum requirements for business-wide risk assessments and related information sources. The Authority stressed a risk-based, clear and practical rulebook for obliged entities in the European Union, with drafting guided by simplification and proportionality. Feedback from over 1,000 stakeholders will supplement consultation responses and inform the final standards.
Policy & regulationGuidance & interpretationAML and CFT
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2026-05-29•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority has authorised Firi AS to provide crypto asset services under Markets in Crypto-Assets Regulation (MiCA) Article 63, effective 22 May 2026. Firi is the first trading platform operator for crypto assets to receive authorisation under this provision and may offer custody, trading platform operation, exchange, order execution and transfer services for crypto assets on behalf of clients.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-29•India•Securities & Exchange Board of India
The Securities and Exchange Board of India has revised nomination norms for demat accounts and mutual fund folios, requiring single-holder accounts opened on or after September 1, 2026 to include either a nomination or a formal opt-out, while keeping nomination optional for joint holdings. The framework standardises online and offline nomination processes, permits up to three nominees with flexible changes, and applies to existing accounts and folios. Depository participants and mutual fund registrars and transfer agents must update systems, acknowledge nomination requests, disclose nomination status in statements, and send periodic reminders to investors without nominations.
Policy & regulationRules & requirementsOther
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2026-05-29•Moldova•National Bank of Moldova
The National Bank of Moldova is preparing the 2026–2030 implementation programme for the National Financial Inclusion Strategy 2030, aiming to translate its objectives into concrete measures to strengthen financial inclusion for individuals and small and medium-sized enterprises. The programme will support diversification of financial products and services, expansion of digital financial services, stronger consumer protection, improved financial capability and enhanced data frameworks, while promoting responsible and sustainable inclusion.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-05-29•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported that banks’ derivatives notional turnover fell 18.88% month on month in April 2026 to TWD 22,373.8 billion, driven mainly by a 51.38% drop in interest rate contracts. Foreign exchange contracts remained dominant at 83.62% of turnover, with New Taiwan dollar contracts comprising 45.88% of the total, and domestic banks accounting for 73.00% of activity.
Data & statisticsFinancial and market indicators
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2026-05-29•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan’s 20th Financial Stability Report finds markets, institutions and payment systems operated smoothly and the financial system stayed stable from early 2025 to April 2026, while warning of risks from U.S. trade policy shifts, geopolitical tensions and higher volatility. It cites strong 2025 GDP growth, rising listed company revenues, record bank profits and sound credit quality, but weaker life insurer profitability, elevated liquidity risks at bills finance companies and slightly lower household and mortgage burdens amid cooling real estate. Policy rates have been unchanged since early 2025, with liquidity managed via open market operations and selective credit controls adjusted in March 2026.
ResearchRisk analysis and outlookFinancial and market indicators
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2026-05-29•Czech Republic•Czech National Bank
The Czech National Bank has updated its quarterly list of financial corporations engaged in lending in subsector S.125 (other financial intermediaries excluding insurance undertakings and pension funds). The list covers Czech and foreign entities operating in the Czech Republic that mainly provide credit, loans, financial leasing, factoring, consumer credit or hire purchase and are subject to reporting duties under Decree No. 314/2013 Coll.
SupervisionRegulatory reportingLending
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2026-05-29•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The Kyrgyz Republic State Service for Regulation and Supervision of Financial Markets held an introductory meeting with insurance market representatives to discuss sector issues and potential regulatory updates, focusing on modernizing compulsory motor third party liability insurance (OSAGO) and introducing a Europrotocol mechanism. Participants also considered revising OSAGO tariffs, creating an insurance pool, improving reinsurance and insurers’ investment practices, and enhancing the regulator’s website and information exchange to support further refinement of insurance legislation.
Policy & regulationRules & requirementsSupervision process and methodologies
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2026-05-29•Czech Republic•Czech National Bank
The Czech National Bank reported that Czech gross domestic product grew 0.2% quarter on quarter and 2.2% year on year in the first quarter of 2026, below its Spring 2026 Monetary Policy Report forecast of 2.5% annual growth, as strong import growth offset domestic demand. Household consumption and fixed investment remained the main growth drivers, while net exports and inventory reductions weighed on output. The central bank said the weaker first quarter outcome and risks from high energy prices increase the likelihood that full-year GDP growth will undershoot its 2.5% projection.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-05-29•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands and Rural Inclusion held the first stakeholder workshop on a proposed National Digital Financial Literacy Content Hub. Participants identified barriers to digital financial services uptake, including connectivity, limited awareness, low trust and the need for localized content. The hub is intended to support coordinated financial education under the national financial inclusion agenda.
Financial literacy & educationFinancial literacy and education
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2026-05-29•Greece•Ministry of National Economy and Finance (Greece)
The Ministry of National Economy and Finance (Greece) plans for the Property Acquisition and Leaseback Body for vulnerable households to be operational by the end of autumn, with binding offers expected shortly. Finance Minister Kyriakos Pierrakakis outlined changes to the out-of-court debt workout mechanism to allow borrowers to define the perimeter of protection, and noted that the eligibility threshold has been lowered from EUR 10,000 to EUR 5,000.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-29•Uganda•Uganda Insurance Regulatory Authority
The Uganda Insurance Regulatory Authority has directed insurers, brokers and reinsurance brokers to stop granting Long-Term Agreement discounts at policy inception and instead apply any eligible discount only at the end of the LTA period via a credit note against the following year’s premium. Grounded in the Insurance (Minimum Premium and Maximum Commission Rates) Regulations, 2023, the guidance requires LTAs to be supported by executed agreements submitted for prior approval and to run for three to five years, with non-compliance subject to regulatory action.
Policy & regulationGuidance & interpretationSales and distribution
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2026-05-29•South Africa•South African Reserve Bank
The South African Reserve Bank published South Africa’s end-April 2026 template on international reserves and foreign currency liquidity, reporting official reserve assets of USD 77.089 billion, comprising USD 51.235 billion in foreign currency reserves, USD 18.700 billion in gold, USD 6.258 billion in special drawing rights and USD 896 million in the International Monetary Fund reserve position. Within foreign currency reserves, securities amounted to USD 36.304 billion and deposits to USD 14.931 billion. Memorandum items record USD 73.553 billion of reserves in special drawing rights basket currencies including gold and USD 3.536 billion in non-special drawing rights basket currencies.
Data & statisticsBalance of payments and other external statistics
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2026-05-29•Estonia•Ministry of Finance (Estonia)
The Ministry of Finance (Estonia) has proposed a draft bill, approved by the government, to give banks a clearer legal basis to temporarily halt payments on justified suspicion of fraud and to exchange information needed to prevent fraud. The bill allows banks to suspend suspect customer payments and share relevant data with other banks, the Police and Border Guard Board and the Information System Authority’s cyber security department, supporting anti-money laundering efforts and aligning with new EU payment services anti-fraud rules.
Policy & regulationRules & requirementsFraud and scams
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2026-05-29•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro has opened applications for the 2026 CBCG Green Award for unpublished academic papers on climate change challenges and their impact on the financial system, offering a plaque and EUR 3,000. The award targets innovative theoretical and empirical work relevant to central banks, financial regulators and supervisors, international organisations, credit institutions, and other financial system participants, and is part of the Roadmap of the Financial Sector towards Sustainable Finance adopted by the Financial Stability Council in 2025.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2026-05-29•Finland•Finanssivalvonta
Finland’s Financial Supervisory Authority published its 2025 survey on basic banking services, reporting slightly improved availability as branch closures slowed and the number of ATMs increased, but noting higher list prices, especially for non-digital and cash-based services. It urged banks to keep services affordable for non-digital customers, provide clear branch-specific service information, and continue expanding equal-priced basic services for customers unable to use digital channels.
SupervisionRisk monitoring & watch pointsFinancial inclusion
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2026-05-29•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has issued a Guidance Note to help securities issuers prepare for the uncertificated securities market regime targeted to launch on 16 November, setting out obligations and required operational and documentation changes. Issuers must amend terms of issue, including articles of association where relevant, by 16 November 2027 or their first annual general meeting after launch, and must maintain an approved securities registrar. The Stock Exchange of Hong Kong Limited has published a complementary guide on Listing Rules obligations, and a commencement notice for the related legislation was tabled before the Legislative Council on 6 May 2026 for negative vetting.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-05-29•Malawi•Reserve Bank of Malawi
The Reserve Bank of Malawi, through the Registrar of Financial Institutions, has outlined key requirements now in force under the Insurance Act 2024, including a general requirement for premiums to be paid before cover incepts and mandatory insurance for construction projects and public buildings. The Act also requires insurance on imported goods to be placed with a licensed Malawian insurer and backed by bank letters of credit on a cost and freight basis. Insurance fraud attracts a fine of MWK 100,000,000 or three times the amount defrauded, whichever is higher, and imprisonment for ten years.
Policy & regulationGuidance & interpretation
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2026-05-29•Europe•European Central Bank
The European Central Bank published a blog post using Consumer Expectations Survey data showing that the 2026 war in Iran, like Russia’s 2022 invasion of Ukraine, quickly shifted euro area households towards a more stagflationary outlook. One month after the Iran conflict began, 12‑month inflation expectations rose sharply while growth expectations fell, medium‑term inflation expectations increased from an already elevated base, and attention to price changes and concern about geopolitical risks stayed high. The authors find that higher trust in the ECB is associated with smaller upward revisions in inflation expectations and say future survey rounds will show whether expectations adjust further as the conflict evolves.
ResearchGeopolitical risk
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2026-05-29•Spain•Bank of Spain
The Bank of Spain hosted the 13th Centre for Economic Policy Research History Symposium and the 11th Bank of Spain Economic History Seminar at its Roda de Berà premises from 27 to 29 May, opened by Deputy Governor Soledad Núñez. Participants from both institutions and the international academic community discussed globalisation and the legacies of colonisation, financial, banking and monetary history, interwar financial integration, institutional roles, technological and cultural change, demographic trends, and gender gaps.
ResearchOther
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2026-05-29•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy & Finance outlined a housing market response to expand supply and accelerate construction, advancing the 6,300-home Seongnam project to 2029, expediting 2,800 homes in Dongdaemun-gu and Eunpyeong-gu, and tightening oversight of the 29 January supply measures. A new pan-government support center led by the Ministry of Land, Infrastructure and Transport will tackle project finance, materials and cost issues delaying about 100,000 homes, while authorities will strengthen management of key public housing sites and crack down on speculative or fraudulent transactions and false information on development plans and prices.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-29•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia’s April 2026 IMF SDDS breakdown of international reserves reports official reserve assets of USD129,738.4 million and other foreign currency assets of USD66.6 million, confirming reserves remain usable. Pre-determined short-term outflows over 12 months total USD8,222.9 million, net short forward positions USD24,450.3 million, projected foreign currency inflows USD2,984.2 million, and contingent short-term net drains from government guarantees USD846.4 million, with no foreign currency loans with embedded options, undrawn unconditional credit lines, or foreign currency options vis-à-vis ringgit.
Data & statisticsBalance of payments and other external statistics
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2026-05-29•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau has announced new appointments to the two industry advisory committees that advise the Insurance Authority on long-term and general insurance business, reappointing 15 non-official members and appointing five new ones. The statutory committees, established under the Insurance Ordinance, comprise members with experience in insurance, actuarial science, fintech, banking, legal services and academia, and the Bureau acknowledged the contributions of five outgoing members.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-29•China•Central Bank of the Republic of China
The People's Bank of China reported Governor Pan Gongsheng's supervisory visit to its Beijing branch, confirming Li Wei as the branch's new Party secretary and governor and setting out key work priorities. Pan instructed the branch to strengthen execution of central financial policies, better use relending tools for technological innovation and equipment upgrades, enhance financial risk monitoring in the capital, support higher-level financial opening, and advance reforms to facilitate cross-border trade and investment and improve foreign exchange services.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-29•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has issued guidelines requiring capital market business operators to strengthen Know Your Customer and Customer Due Diligence controls and monitor customer transactions on an ongoing, risk-based basis to reduce money laundering and technology-related crimes. Firms must enhance checks at account opening, including Ultimate Beneficial Owner identification, source of funds verification and transaction behaviour monitoring, apply Enhanced CDD, file suspicious transaction reports when irregularities arise, and control transactions to maintain a clear audit trail and prevent mule accounts.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2026-05-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines’ latest Business Expectations Survey shows business sentiment weakened for a second consecutive month in April, with the confidence index falling to minus 35.8 percent from minus 24.3 percent in March amid concerns that the Middle East conflict could keep inflation elevated and raise operating costs. Forward-looking sentiment improved, with three- and 12-month-ahead confidence indices rising and firms reporting favorable hiring intentions, although fewer plan expansion due to higher fuel prices and uncertainty. The central bank said it is closely monitoring the conflict’s impact and stands ready to take monetary action to prevent inflation expectations from de-anchoring from the 3 percent target.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-05-29•Armenia•Ministry of Finance (Armenia)
Armenia's Deputy Minister of Finance, Avag Avanesyan, participated in the Armenian Stock Exchange's 25th anniversary event and discussed the role of capital markets in economic interconnection. His remarks focused on deeper economic ties, stronger investment flows and financial system integration.
OtherMarket development
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2026-05-29•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic revoked the licences of 13 Bishkek exchange bureaus, effective 28 May 2026, for breaches of Kyrgyz Republic legislation and the National Bank’s regulatory acts. The affected entities include Tyan-Shan Group, Amanat Finance, Asman Cash, Baibol Invest, Brent Plus, Valyuta 888, Valyuta Plus, Mobi Finance, Nur+1, Region-U, Safe KG, TezEx and Emir Finance.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-05-29•Australia•Australian Securities & Investments Commission
The Australian Securities and Investments Commission issued a reporting and audit update on early findings from the first sustainability reports under Chapter 2M of the Corporations Act 2001, its 2026-27 supervisory priorities, enforcement, and revised relief and guidance. ASIC reported improved climate-related financial disclosures against AASB S2 Climate-related Disclosures but highlighted deficiencies in disclaimers, use of reasonable and supportable climate risk information, disclosure of judgements and measurement uncertainty, presentation of material information, cross-referencing, and treatment of legally required emissions targets. It will prioritise reviews of significant judgement areas, Group 1 sustainability reports and large audit firms’ assurance methodologies, and has extended and remade selected relief and updated sustainability reporting guidance.
Policy & regulationGuidance & interpretation
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2026-05-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has released March 2026 quarterly aggregate insurance statistics for general, life and private health insurance, covering performance, capital, investment and sector-specific indicators. The publications reflect APRA’s new insurance reporting framework effective 1 July 2023, and APRA reiterates that historical data under the previous framework is not directly comparable. Institution-level general insurance statistics remain on hiatus pending consultation on data confidentiality and updates.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has released the April 2026 Monthly Authorised Deposit-taking Institution Statistics, providing selected data on the domestic banking business of individual banks, including a back series from March 2019 and the glossary. APRA reiterates that balance sheet data prior to July 2019 are available in earlier Monthly Banking Statistics and Australian Banking Statistics, with a series break from March 2002 due to changes in bank reporting requirements.
Data & statisticsSupervisory data
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2026-05-29•South Korea•Ministry of Economy & Finance (South Korea)
The South Korea Ministry of Economy and Finance reported that industrial production fell 0.6 percent month on month in April, with mining and manufacturing down 0.7 percent and services down 1.0 percent, though output remained 2.4 percent higher year on year. The ministry cited base effects, raw material supply disruptions and weaker sentiment, noting declines in retail sales, equipment investment and construction, and weakness in petroleum refining and chemicals. It expects conditions to improve in May, citing stronger sentiment, recovering crude oil and naphtha supplies, and sharp gains in early May exports and capital goods imports.
Data & statisticsEconomic data and developments
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2026-05-29•South Korea•Bank of Korea
The Bank of Korea reported that in April 2026 deposit rates rose while lending rates were broadly steady on new business and higher on outstanding balances. The weighted average rate on new deposits at commercial and specialized banks increased 10 basis points to 2.92%, with new loan rates unchanged at 4.20%, while rates on outstanding deposits and loans rose to 2.02% and 4.30%. Corporate new loan rates held at 4.14% and household new loan rates fell to 4.43%, as outstanding corporate and household loan rates both increased by 2 basis points.
Data & statisticsMonetary data
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2026-05-29•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported a modest deterioration in domestic banks’ asset quality in March 2026, with the ratio of substandard or below loans rising to 0.60% and their stock increasing to KRW17.7 trillion. Business loans, particularly to small and medium-sized enterprises, remained the main source of problem assets, while household loan quality also weakened. With provisions unchanged at KRW26.7 trillion, the non-performing loan coverage ratio declined to 150.4% from 160.3% at end-December 2025.
Data & statisticsAsset quality
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2026-05-29•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported that in April 2026 foreign investors were net sellers of KRW4.046 trillion in listed stocks and net buyers of KRW442.0 billion in listed bonds, marking a fourth consecutive month of equity outflows and continued rotation into bonds. End-April foreign holdings totalled KRW2,121.4 trillion in stocks (32.5% of market capitalisation) and KRW325.2 trillion in bonds (11.6% of listed bonds), with equity selling concentrated in Singapore and the United Kingdom and bond purchases focused on longer-maturity Korean Treasury Bonds, mainly by European investors.
Data & statisticsBalance of payments and other external statistics
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2026-05-29•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has released its May 2026 Quarterly Statistical Digest, providing monetary, financial, public debt and economic statistics through March 2026. The publication updates key macro-financial data series for the jurisdiction.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-05-29•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has published its annual report on the quality and use of regulatory data, noting improvements across key datasets under EMIR, SFTR, MiFIR, AIFMD and MMFR, and wider use of these data by ESMA and national competent authorities for supervision and market monitoring. The report extends coverage to Prospectus reporting and major ICT incident reporting under DORA, and outlines 2025 work to simplify and harmonise reporting, develop an integrated reporting framework for investment funds, and expand automation and advanced analytics.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2026-05-29•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission has issued an alert on a cold-calling scam in which fraudsters impersonate banks and bank fraud teams to obtain security details and access online accounts. The Commission advises residents and businesses not to share personal or banking information over the phone, to verify contacts using official channels, and to report suspected incidents to their bank, the States of Jersey Police, and the Commission’s Enforcement team.
SupervisionAlertsFraud and scams
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2026-05-29•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador has introduced External Trade Price Indices to strengthen measurement of the external sector and improve analysis of exports and imports, aligned with international statistical standards. The new methodology replaces unit-value calculations with a classification of homogeneous products to better capture price and quantity movements, using 2024 as the base year and providing monthly series for price, volume and value indices, including changes in strategic export products.
Data & statisticsEconomic data and developments
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2026-05-29•Ghana•Bank of Ghana
In a keynote address, the Bank of Ghana set out its current priorities for monetary policy, financial supervision and digital finance. The governor highlighted reforms to inflation targeting, liquidity management, reserve building and policy transparency, alongside a more risk-sensitive supervisory approach. He also pointed to the e-Cedi pilot and the bank’s fintech and virtual assets functions as part of its digital finance agenda.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developmentsFinancial stability and systemic risk
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2026-05-29•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has issued Resolution CVM 244 amending Resolution CVM 193 to make adoption of CBPS and ISSB sustainability reporting standards fully voluntary for listed companies, while maintaining comply-or-explain disclosure for non-adopters. Voluntary adopters must use CBPS and ISSB standards, report for at least three consecutive fiscal years, and announce any decision to stop reporting in the preceding fiscal year, aligning listed companies’ treatment with that of investment funds and securitization companies.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-05-29•Global•International Monetary Fund
The International Monetary Fund, International Energy Agency, World Bank Group and World Trade Organization issued a joint statement on coordinated support for countries hit by the war-related energy, trade and economic impacts in the Middle East. They highlighted record drawdowns in global oil inventories, risks to fuel security and fertilizer supply as peak demand and planting seasons approach, and uneven effects on vulnerable countries. The institutions will closely coordinate to monitor developments, promote transparency and align support for the most affected economies and global stability.
Policy & regulationCooperationGeopolitical risk
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2026-05-29•Global•International Monetary Fund
The International Monetary Fund completed its Article IV consultation and mid-term review of Costa Rica’s Flexible Credit Line, confirming the country still meets qualification criteria and that current access remains appropriate. Directors backed a cautious, data-dependent monetary stance amid below-target inflation and urged adherence to the fiscal rule, revenue reforms, stronger risk-based and consolidated supervision, and implementation of new bank resolution, deposit insurance, fintech and broader structural reforms. Costa Rica will continue to treat the Flexible Credit Line as precautionary.
Policy & regulationPeer reviews and country evaluationsEconomic data and developments
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2026-05-29•Global•International Monetary Fund
The IMF Executive Board concluded its Article IV consultation for Fiji, noting resilient 2025 growth but a weaker outlook after the oil shock, with inflation and the current account deficit set to rise as temporary tax cuts fade and fuel costs increase. Directors backed gradual, growth-friendly fiscal consolidation to rebuild buffers, liquidity normalization and policy rate hikes from the Reserve Bank of Fiji’s 0.25 percent, and easing of exchange restrictions and capital flow measures while safeguarding external stability. They urged stronger public financial and debt management, AML/CFT and supervisory frameworks, and structural reforms to tackle infrastructure gaps, labor shortages, outward migration, private sector barriers, climate resilience, governance and rule of law.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-29•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre said Australia will extend AML/CTF laws from 1 July to tens of thousands of additional businesses, including real estate agents, lawyers, conveyancers, accountants and precious metals and stones dealers. Covered firms providing designated services must have compliance arrangements in place when the obligations start and must enrol with AUSTRAC by 29 July. Registration remains limited to certain higher-risk services such as remittance and virtual asset services.
Policy & regulationRules & requirementsAML and CFT
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2026-05-29•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama published its April 2026 Banking Activity Report, reporting continued year-on-year growth in deposits, loans, assets and securities across the International Banking Center. Deposits reached USD 120.7 billion and net loans USD 102.7 billion, with growth driven mainly by external deposits and external loan portfolios. The national banking system’s legal liquidity ratio was 59.42% versus a 30% minimum and the capital adequacy ratio 16.04% versus an 8% minimum.
SupervisionRegulatory reportingActivity and performance reporting
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2026-05-29•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported a sharp increase in enforcement activity, including formal investigations rising from 110 in 2020–21 to 252 in 2024–25 and approximately AUD 484 million in penalties secured as at 27 May, but warned that funding pressures on the Enforcement Special Account could constrain this program. ASIC outlined priorities in criminal enforcement, climate disclosure, digital assets, markets oversight, scams and regulatory simplification, and highlighted investments in data and artificial intelligence, supported by government funding for RegistryConnect and enhanced oversight of managed investment schemes.
EnforcementEnforcement statisticsLeadership change and appointments
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2026-05-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, Senator Elizabeth Warren, criticized the Securities and Exchange Commission’s proposed rescission of its climate risk disclosure rules. She argued the rollback would reduce information available to investors on companies’ exposure to climate-related risks and the costs of severe weather events for U.S. businesses and taxpayers.
Policy & regulationRules & requirementsClimate risk and sustainable financeDisclosures
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2026-05-29•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission approved final rules establishing the country’s first local ETF regime via FCI ETFs and CEVA ETPs, and revised the framework for CEDEAR and CEVA offerings. The regime sets custody, segregation, pricing and disclosure requirements, restricts cross-investment among products, and introduces securities lending and creation/redemption rules to support arbitrage. The updated CEDEAR and CEVA rules provide automatic authorization for certain issuance changes, adjust trustee and manager requirements, remove local liquidity constraints on ETF CEDEAR underlying assets, and enhance prospectus disclosures on CEVA risks and replication.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-05-29•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has amended the reporting regime for settlement and clearing agents, refining requirements on foreign currency holdings and key liquidity and leverage indicators and introducing a net foreign currency holding concept. The measures clarify calculation bases, link prudential limit breaches to progressive trading and operational suspensions, and adjust timing for daily reporting, which will begin with June data submitted in July.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-29•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported continued positive performance of the banking and financial system in April 2026, with public deposits up 14.7 percent year on year to C$291,214.3 million and the credit portfolio up 11.5 percent to C$243,948.7 million. Loan quality improved, liquidity reached 34.2 percent of public deposits, legal reserve requirements were overfulfilled in both currencies, and capital adequacy rose to 19.0 percent while profitability remained broadly stable.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has imposed additional licence conditions on HTFS Nominees Pty Limited, trustee of HUB24 Super Fund, after a review found weaknesses in investment option selection and oversight, conflicts management and member outcomes frameworks. HTFS must appoint an independent expert to review and remediate these frameworks, reassess each investment option’s suitability, and is restricted from onboarding certain high-risk options without extra checks, with conditions continuing if HUB24 Limited’s proposed acquisition proceeds. APRA also directed other platform trustees to strengthen onboarding, monitoring and remediation frameworks and will escalate supervision where necessary.
SupervisionInterventionsCorporate governance
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2026-05-29•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported that first quarter 2026 exports rose 33.5% year on year to USD 2,768.2 million, while imports increased 5.7% to USD 2,870.8 million, narrowing the trade deficit to USD 102.6 million, 84.0% below the prior-year level. The improvement reflects a 61.5% increase in merchandise exports, led by higher gold, coffee and beef shipments, and a 14.7% gain in terms of trade as export prices rose and import prices edged down.
Data & statisticsBalance of payments and other external statistics
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2026-05-28•Sierra Leone•Ministry of Finance (Sierra Leone)
The Ministry of Finance of Sierra Leone used the Inter-Governmental Action Group against Money Laundering in West Africa Plenary in Abidjan to call for stronger regional cooperation and coordinated financial security measures across Economic Community of West African States members. Finance Minister Sheku Ahmed Fantamadi Bangura urged enhancements to anti-money laundering and counter-terrorism financing frameworks, intelligence sharing, financial oversight, digital resilience, maritime surveillance and harmonised legal and regulatory approaches to cybercrime and illicit financial activity.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-05-28•Kyrgyzstan•Ministry of Finance (Kyrgyzstan)
The Kyrgyz Finance Ministry reported that the third consultative meeting on establishing the Shanghai Cooperation Organisation Development Bank was held in Bishkek, where participants discussed the bank’s creation and confirmed readiness to continue cooperation. Delegates from 26 countries and the SCO Secretariat agreed to present updates at the upcoming meeting of finance ministers and central bank heads, following the 1 September 2025 decision by SCO heads of state in Tianjin to create the bank and intensify consultations on its operations.
Policy & regulationCooperationCross-border cooperation
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2026-05-28•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro and the National Bank of Austria agreed to deepen cooperation on reforms linked to Montenegro’s European integration and future inclusion in the European System of Central Banks, focusing on payment system modernisation. Discussions highlighted SEPA integration benefits and the TIPS Clone project as a key step toward 24/7 instant payments, while the Austrian central bank will continue providing technical support to strengthen the Montenegrin central bank’s readiness for ESCB and Eurosystem membership.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2026-05-28•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde’s Behavioral Supervision Office, in partnership with Associação Abraço, will hold a community event in the Alto da Glória neighbourhood as an early World Children’s Day celebration to promote financial education for children. The programme combines educational content on savings, the value of money, needs versus wants and basic financial planning with recreational activities including a children’s theatre performance, shared snack and entertainment.
Financial literacy & educationFinancial literacy and education
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2026-05-28•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has revoked its 2020 circular mandating use of the ASANnet platform and designated the ARSEG Portal as the exclusive channel for regulatory reporting, including compulsory motor third-party liability insurance. Insurers must now submit all periodic information on these policies through the ARSEG Portal, which centralises reporting, removes duplicate mechanisms and aligns with the updated prudential reporting framework.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-28•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated five companies in Hong Kong and the United Arab Emirates under Executive Order 13224 for supporting Sepehr Energy Jahan Nama Pars Company, the oil sales arm of Iran’s Armed Forces General Staff. Treasury linked the firms to chartering vessels, handling cargoes, managing storage and port costs, and procuring petroleum products for Iranian military oil trade. U.S. persons are generally barred from dealings, and foreign financial institutions face secondary sanctions risk for significant transactions. The State Department’s Rewards for Justice program is offering up to USD 15 million for information disrupting the financial mechanisms of the Islamic Revolutionary Guard Corps and its branches.
EnforcementSanctions & designationsNew sanctions designations
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2026-05-28•United States•U.S. Department of Justice
The U.S. Department of Justice announced that former TD Bank N.A. employee Cheungkin “Kelvin” Lam pleaded guilty to conspiring to commit wire fraud affecting a financial institution and making false bank entries or reports. Prosecutors said Lam misused insider access at TD Bank and bribed an employee at another financial institution to steal confidential customer information and falsify records, facilitating USD 3,433,989.07 in fraud losses and receiving at least USD 155,000 in bribes.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-28•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services warned of rising digital fraud, noting that 37.4% of the 22,199 claims it received nationwide in January to March 2026 were linked to possible fraud, mainly involving unrecognized charges and misuse of personal data in banking services. CONDUSEF reported that multiple banks accounted for 94% of possible fraud complaints and about six in ten of its matters overall, and urged users to avoid unknown links, block suspicious numbers, verify information through official channels and strengthen financial education.
SupervisionAlertsFraud and scams
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2026-05-28•El Salvador•Central Reserve Bank of El Salvador
The Central Reserve Bank of El Salvador reported that the financial system remained solid at end-April 2026, supported by 8.3% year-on-year loan growth to USD 21,526.2 million and 13.7% deposit growth to USD 24,469.2 million. Prudential indicators stayed above minimum requirements, with a 1.6% past-due loan ratio versus a 4% standard and a 15.2% solvency ratio versus a 12% requirement, while business lending expanded across key sectors and system profits reached USD 152.0 million.
SupervisionRisk monitoring & watch pointsLiquidity riskCapital adequacyAsset quality
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2026-05-28•Italy•Bank of Italy
The Bank of Italy announced that the Minister of Economy and Finance, on its proposal, has ordered the compulsory administrative liquidation of Cirdan Group S.p.A., the Milan-based holding company of the Smart Bank group. On 26 May, the Bank of Italy appointed two liquidators and a three-member oversight committee for Cirdan, which took office on 28 May 2026. Smart Bank S.p.A. remains under special administration, continues to operate normally, and remains under Bank of Italy supervision, with banking transactions proceeding without interruption.
SupervisionInterventionsRecovery and resolution
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2026-05-28•Romania•Ministry of Finance (Romania)
Romania’s Ministry of Finance published its 2025 report on enforcing fair competition rules, highlighting a risk-based programme that checked over 14,000 companies for misleading advertising and unfair practices. Reviews covered online and offline promotion, with sanctions for misleading claims, unclear information and non-compliant promotions. The ministry continued outreach on legal advertising obligations and will maintain verification and monitoring in 2026, prioritising online commerce, digital services, transport, financial activities and digital advertising.
SupervisionReviews, inspections & stress testsCompetition and market structure
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2026-05-28•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) hosted the European Insurance and Occupational Pensions Authority’s annual Strategy Day, gathering EU supervisory heads to discuss more coherent and aligned supervision of the insurance and pension funds sector in line with EIOPA’s 2030 strategy. ASF highlighted the event as part of its contribution to EIOPA’s work and its 2026–2028 Strategic Plan commitment to strengthen the European System of Financial Supervision.
SupervisionCooperationSupervision process and methodologies
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2026-05-28•Portugal•Bank of Portugal
The Bank of Portugal and Statistics Portugal corrected the 2024 household finance survey after finding an error in the population weights, reducing estimated mean net wealth by 7%. Corrected data still show mean and median net wealth rising about 29% in real terms from 2020, to EUR 298,400 and EUR 151,800.
Data & statisticsData managementActivity and performance reporting
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2026-05-28•France•Bank of France
The Bank of France announced that the Bank of Finland has adopted the Market Activities Processing System (MAPS) to process its market operations, further extending use of the platform within the European System of Central Banks. MAPS, supplied and operated by the Bank of France and the Bank of Spain and built on Nasdaq-Calypso, supports front office, back office, risk management and accounting functions and is already used by several euro area central banks, with further participants considering joining.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2026-05-28•France•Bank of France
The Bank of France, via the National Payments Committee, reaffirmed that strengthening strategic autonomy in payments is central to European economic sovereignty, highlighting three pillars: cash access and infrastructure, the domestic Cartes Bancaires scheme, and the European payment solution Wero. The committee said these tools could later be complemented by a digital euro, noted the launch of a national register of accounts flagged for fraud risk as a potential model for EU-wide fraud data-sharing under the future Payment Services Regulation, and urged updating the EU retail payments strategy to reflect technological change and payments sovereignty.
Policy & regulationReform agendas & prioritiesCBDC
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2026-05-28•Greece•Bank of Greece
The Bank of Greece welcomed the IMF's assessment of Greece's financial sector, which found limited near-term stability risks, stronger banks and high-quality supervision. The IMF recommended further work on large exposures, governance at less significant institutions, credit servicer oversight, resolution readiness and macroprudential tools. The central bank said it will implement the recommendations within the set deadlines.
Policy & regulationPeer reviews and country evaluationsSupervision process and methodologiesFinancial stability and systemic risk
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2026-05-28•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved the appointment of Mun Kengho as Chair of the Board of Directors of BNK Commercial Bank. It also approved Roman Vladimirovich Marchukov as Deputy Chair and member of the Management Board of Citibank Kazakhstan, and Cho Hyun Sung as a member of the Management Board of Shinhan Bank Kazakhstan.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2026-05-28•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency has published its schedule of Community Reinvestment Act evaluations for national banks and federal savings associations in the third quarter of 2026 and opened the usual opportunity for public comment on the CRA-related activities of banks scheduled for review. The OCC noted it can no longer publish CRA evaluation schedules two quarters in advance due to changes in community bank evaluation scheduling and supervisory strategy process reforms.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2026-05-28•United States•New York State Department of Financial Services
The New York State Department of Financial Services gained broader insurance oversight powers in the FY 2027 budget, including prior approval of auto insurance rate increases, new policyholder notification requirements for auto and home rate changes, restrictions on certain non-driving rating factors, and detailed reporting on multifamily residential property pricing. The budget also introduces an anti-fraud package that caps payouts for drivers engaged in criminal conduct, narrows the definition of serious injury, limits recoveries where a driver is mostly at fault, and authorizes criminal penalties for organizers of staged accidents, while directing DFS and other agencies to coordinate enforcement.
Policy & regulationRules & requirementsOther
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2026-05-28•United States•New York State Department of Financial Services
The New York State Department of Financial Services has begun implementing new budget laws intended to make insurance more affordable and accessible, including measures to lower auto insurance costs by addressing fraud and helping consumers use policy discounts. The laws also require insurers to make covered benefits more transparent and reduce barriers to coverage for people with chronic conditions, as part of the Department’s broader work to improve access to affordable financial products.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2026-05-28•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance, through Superintendent Guillermo Plate, outlined supervisory priorities focused on modern oversight adapted to local conditions, with solvency as the core prudential requirement and an emphasis on anticipating emerging risks and protecting the public interest. Plate highlighted digital transformation and artificial intelligence, including data protection and responsible AI use, and, as President of the Association of Latin American Insurance Supervisors, underscored efforts to strengthen regional supervisory cooperation, technical exchange, training and financial education.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologiesMarket development
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2026-05-28•Argentina•Ministry of Finance (Argentina)
Argentina’s Economy Minister Luis Caputo told the 12th Latam Economic Forum that disinflation is continuing, citing April inflation of 2.6%, the lowest since November 2025, and indicating May inflation is expected to be lower. He said recent cuts to export duties on agriculture and industry, together with FAL, will bring total tax reductions close to 3 percentage points of GDP, and highlighted strong export, harvest, air traffic and activity indicators as consistent with market inflation expectations of around 20% over the next 12 months.
OtherEconomic data and developments
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2026-05-28•Canada•Payments Canada
Payments Canada has issued non-binding best practices and formatting guidelines for Canadian routing numbers (CACPA codes) to improve straight-through processing of domestic and international wire transfers to Canada. The guidance standardises use of the nine-digit CACPA code, creditor account number, and inclusion of the creditor’s full legal name and address to reduce misdirected or delayed transactions and align with travel rules.
Policy & regulationGuidance & interpretationPayments and payment systems
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2026-05-28•France•France Autorite des marches financiers
The French Financial Markets Authority has published the annexes to its 2025 annual report, detailing approvals, authorizations and visas issued for savings management, crypto-asset service providers and financial transactions. The annexes also cover investigations and judicial follow-up, international cooperation and European rules that entered into force in 2025.
Data & statisticsOther
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2026-05-28•France•France Autorite des marches financiers
The French Financial Markets Authority has published its 2025 annual report, outlining actions taken against its strategic priorities of strengthening financial centre safety and resilience, supporting European capital markets and the attractiveness of Paris, and framing innovative finance. The report also presents key figures and highlights across all of the authority’s missions.
Other
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2026-05-28•France•France Autorite des marches financiers
The French Financial Markets Authority’s 2025 annual report and a letter to the President set a 2026 agenda focused on financial stability, European capital markets integration, Paris market competitiveness, and investor protection amid geopolitical, cyber and market structure risks. It highlighted a cross-sector stress test with the Bank of France and the Prudential Supervision and Resolution Authority, support for stronger ESMA powers and a tokenization framework, and implementation of MiCA with a focus on risk control. The authority plans stronger action against financial scams and illegal online content, seeks completion of measures to reinforce its enforcement powers, and reiterated its request for a multi-year resource increase from 2027.
Policy & regulationReform agendas & prioritiesRisk analysis and outlookFinancial stability and systemic risk
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2026-05-28•Italy•Ministry of Finance (Italy)
Italy’s Ministry of Economy and Finance reported that a Palermo operation against illicit capital laundering by the District Anti-Mafia Directorate and the Guardia di Finanza resulted in asset seizures exceeding EUR 200 million. The ministry said the seized sums will be used to strengthen police activity, with a focus on security at railway stations.
EnforcementInvestigations & enforcement actionsAML and CFT
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2026-05-28•Italy•Ministry of Finance (Italy)
The Italian Ministry of Finance reported that Economy and Finance Minister Giancarlo Giorgetti participated in a meeting of E6 finance ministers in Berlin to discuss strengthening the Capital Markets Union to accelerate integration and improve the efficiency of the European financial system. The ministers sought a common position reflecting national specificities, with Giorgetti noting work on a high-level compromise balancing common and national interests, while final decisions will rest with prime ministers.
Policy & regulationCooperationCross-border cooperation
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2026-05-28•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, stated that the latest inflation figures show higher gas, food, housing and utility costs, with inflation outpacing wages. She attributed these price pressures to President Donald Trump’s tariffs and the impact of the war with Iran.
OtherEconomic data and developments
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2026-05-28•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a letter in which Ranking Member Senator Elizabeth Warren pressed Bilt Rewards to explain reported transaction and payment problems during its transition between bank partners. Warren requested information on rejected or delayed rent and mortgage payments, the shift of balances from Wells Fargo, Bilt’s new partnership with Evolve Bank, compliance of Bilt 2.0’s immediate debiting with the Credit CARD Act of 2009, and the impact of Bilt’s AI chatbot on customer service.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-05-28•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a letter from Ranking Member Elizabeth Warren and other lawmakers warning that the Department of Defense’s growing reliance on private equity-backed defense contractors may pose risks to taxpayers and national security. The letter cites increased private equity investment, higher bankruptcy risk from debt-heavy acquisitions, and opaque ownership structures that could enable foreign influence and supply chain vulnerabilities, and requests information on the Department’s engagement with private equity firms.
Policy & regulationOther
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2026-05-28•Moldova•National Bank of Moldova
The National Bank of Moldova said Governor Anca Dragu held bilateral talks with ECB President Christine Lagarde on strengthening cooperation in banking supervision, financial stability, payment infrastructure modernisation and Moldova’s integration into the European financial system. They reviewed Moldova’s progress toward joining the Single Euro Payments Area, the rollout of the MIA instant payments system, central bank independence and continued alignment of regulatory and supervisory frameworks with EU standards. The bank aims to secure EBA recognition of the equivalence of Moldova’s banking prudential framework with the EU framework by end-2026.
Policy & regulationCooperationCross-border cooperation
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2026-05-28•Moldova•National Bank of Moldova
The National Bank of Moldova reported that Governor Anca Dragu met National Bank of Belgium Governor Pierre Wunsch to discuss intensifying bilateral cooperation, including projects to strengthen institutional capacity and support Moldova’s EU accession. Dragu highlighted progress in transposing European banking requirements and modernising prudential supervision, noting that Moldova is at an advanced stage of assessing the equivalence of its prudential regime with the EU, supported by continued cooperation and experience-sharing with the National Bank of Belgium.
Policy & regulationCooperationCross-border cooperation
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2026-05-28•United States•Federal Reserve Board
The Federal Reserve Board issued two consent prohibition orders against former bank employees Crystal Moore of Atlantic Union Bank and Jesse Romo of Frost Bank. The actions relate respectively to CARES Act loan fraud and embezzlement of bank funds.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-28•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has moved to intervene in the U.S. District Court for the District of Rhode Island to prevent the state from applying gambling laws to CFTC-registered contract markets, asserting that the Commodity Exchange Act preempts such state regulation of designated contract markets and event contracts. The action follows parallel federal and state complaints involving a CFTC-registered designated contract market facing threatened state enforcement, which the CFTC calls part of a broader pattern of state challenges to its jurisdiction.
EnforcementInvestigations & enforcement actionsOther
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2026-05-28•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has removed 76 outdated entries from the Specially Designated Nationals and Blocked Persons List as part of its sanctions modernization initiative, following an interagency vetting process. The delistings cover deceased individuals, decommissioned vessels, obsolete illicit networks, and older entries lacking sufficient identifiers, and are intended to reduce low-risk screening burdens and reassess sanctions programs that no longer deliver measurable national security outcomes.
Policy & regulationRules & requirementsSanctions list update
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2026-05-28•France•France Autorite des marches financiers
The French Financial Markets Authority’s 2025 report sets three priorities for 2025–early 2026: strengthening financial resilience, supporting deeper European capital markets and Paris’s attractiveness, and building a framework for innovative finance. It highlights vulnerabilities in private finance, growing cyber risk and retail participation, calls for new legal tools and rapid adoption of the Labaronne bill, and advances work on the Savings and Investments Union, UCITS eligibility, MiCA implementation and tokenisation. The authority will issue a communication on cyber resilience and launch the third phase of its investor campaign in autumn.
Policy & regulationReform agendas & priorities