-
2026-05-27•Europe•European Association of CCP Clearing Houses
The European Association of CCP Clearing Houses published an interview with Maud Timon of the European Securities and Markets Authority, who expects clearing to become more concentrated and strategically important, with market fragmentation, credit and collateral pressures, and digital finance developments potentially reducing the number of central counterparties. She anticipates that local or regional CCPs will remain due to links with market structure, currency areas, legal frameworks and public policy, and that supervisory expectations will further elevate CCPs’ risk management and technological resilience.
OtherLeadership change and appointments
-
2026-05-27•United States•U.S. Securities & Exchange Commission
The SEC’s Trading and Markets Director said the Commission is reviewing near- and long-term reforms to the Consolidated Audit Trail, focusing on funding, governance, functionality, and security, while preserving cross-market surveillance. He said CAT’s operating budget has been cut by more than USD 100 million, and the SEC is seeking input on modernizing broker-maintained blue sheets and a request-response mechanism to link sensitive client data to CAT. He also highlighted the need to surveil products providing U.S. equity exposure outside traditional markets, including tokenized assets, event contracts, and perpetual futures on offshore venues.
Policy & regulationReform agendas & prioritiesMarket infrastructureMarket development
-
2026-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on a meeting between Governor Pham Duc An and Asian Infrastructure Investment Bank President Zou Jiayi on expanding medium and long term financing cooperation in Vietnam. Discussions focused on mobilising long term funding for strategic infrastructure, green growth and energy transition, with priority given to transport (especially rail), energy, digital infrastructure, sustainable urban development and climate adaptation, and on increasing private sector financing, including non-sovereign guaranteed funding for green projects.
Policy & regulationCooperationCross-border cooperation
-
2026-05-27•Portugal•Bank of Portugal
The Bank of Portugal reported higher financial stability risks from geopolitical tensions, a potential market correction, residential real estate and increasingly interconnected climate and cyber threats. Banks retain strong profitability, capital and liquidity, supported by macroprudential measures including a 0.75% countercyclical capital buffer.
ResearchFinancial stability and systemic riskMacroprudential policy and toolsOperational risk and resilience
-
2026-05-27•France•Bank of France
The Bank of France has appointed Emmanuel Moulin as governor for a six-year term from 2 June 2026, succeeding François Villeroy de Galhau, who becomes honorary governor, with Denis Beau and Agnès Bénassy-Quéré remaining deputy governors. Moulin will chair the Prudential Supervision and Resolution Authority and key observatories on payment security and banking inclusion, sit on the High Council for Financial Stability, and represent the Bank of France on the European Central Bank Governing Council and General Council, the Bank for International Settlements board, the G7 and G20 finance tracks, and as alternate governor at the International Monetary Fund.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2026-05-27•Peru•Central Bank of Peru
The Central Bank of Peru reported that Peru’s terms of trade rose 35.9 percent year on year in the first quarter of 2026, driven by a 37.3 percent increase in export prices led by traditional mining exports. Higher prices for gold, copper, zinc, silver and coffee, as well as most non-traditional exports, outweighed a 1.1 percent rise in import prices, mainly from consumer and capital goods.
Data & statisticsBalance of payments and other external statistics
-
2026-05-27•Ireland•Department of Finance (Ireland)
Ireland’s Department of Finance reported that the Central Bank (Amendment) Bill 2025 has passed Committee Stage, advancing plans to require insurers to disregard certain cancer-related medical history when underwriting mortgage protection insurance. Agreed measures include a statutory right to disregard after five years’ remission, a higher mortgage protection threshold of EUR 650,000, and reforms to the Insurance Acts 1936 and 1964 to complete Insurance Compensation Fund changes in line with EU requirements.
Policy & regulationRules & requirementsConsumer and investor protection
-
2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova has extended its campaign against financial fraud as a long-term public awareness initiative to help citizens recognise scams and verify information through official channels. Conducted with law enforcement, financial regulators and banking associations, the campaign warns that fraudsters use false identities and digital channels to obtain personal and banking data, and reiterates that licensed institutions do not request codes, passwords, full card details or transfers to “safe accounts” by phone or messaging apps.
Financial literacy & educationFraud and scams
-
2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova recalibrated bank capital buffers by raising the countercyclical capital buffer rate for loans granted in Moldova by 1 percentage point to 2.5% and reducing the systemic risk buffer rate to zero, keeping overall own funds requirements unchanged. The central bank cited credit growth outpacing economic activity and a sustained positive deviation of the credit-to-GDP ratio as evidence of cyclical systemic risk, and said all banks currently hold sufficient capital to meet the new requirement.
Policy & regulationRules & requirementsCapital adequacy
-
2026-05-27•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved the prospectus for Safe Bulkers Inc.'s admission to Euronext Athens and the offer document for Alpha Bank S.A.'s voluntary public offer for Alpha Trust Holdings S.A. It also imposed EUR 41,000 in fines for stake disclosure breaches and anti-money laundering related organizational failures. The largest penalty was EUR 20,000 for late and missing voting rights notifications.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
-
2026-05-27•Czech Republic•Czech National Bank
The Czech National Bank reported that instant payments have become mainstream in the Czech Republic, with 53% of the population using the service, high user satisfaction, and strong growth in volumes processed via the CERTIS interbank payment system. Almost all banks now offer instant payments, including QR-code payments to retailers, and the CNB plans to extend the system to instant euro payments by 2027 while preparing bulk koruna instant payments for use cases such as wage payments.
Data & statisticsPayments and payment systems
-
2026-05-27•Ireland•Central Bank of Ireland
The Central Bank of Ireland, in its first 2026 Financial Stability Review, said external risks to the Irish financial system remain elevated and have intensified, driven mainly by the war in the Middle East and energy market concerns, and is maintaining the Countercyclical Capital Buffer at 1.5 per cent. It warned of potential sudden tightening in global financial conditions and highlighted amplification risks from leveraged non-bank financial intermediaries, AI-related equity valuations, parts of US private credit, and evolving cyber threats, while noting that Irish banks’ balance sheets remain robust with limited direct exposures. The Bank signalled updated economic forecasts in its June Quarterly Bulletin and said any fiscal response to the energy shock should be time bound and consistent with sustainable fiscal policy.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskGeopolitical risk
-
2026-05-27•Canada•Bank of Canada
The Bank of Canada has joined the BIS’s Project Agorá, which is testing whether tokenization can improve wholesale cross-border payments via a multi-currency unified ledger enabling atomic settlement using tokenized commercial bank deposits and wholesale central bank money. The next phase will further test the prototype and assess how such a platform could operate within existing legal and regulatory frameworks, including settlement finality and AML/CFT laws, alongside seven other central banks and over 40 private sector financial institutions.
Policy & regulationCooperationCross-border paymentsTokenization
-
2026-05-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank published a speech by Olaf Sleijpen positioning the digital euro as public money in digital form, distributed via banks and payment institutions for everyday in-store, online and person-to-person payments, with offline functionality, privacy safeguards and holding limits. He stressed that the digital euro would complement cash, preserve access to central bank money, and reduce reliance on non-European payment providers, while remaining distinct from cryptoassets, stablecoins and programmable money. Sleijpen said the European Central Bank is in a technical preparation phase and, subject to EU legislation, issuance would not occur before 2029.
Policy & regulationGuidance & interpretationCBDC
-
2026-05-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank said the roughly 80 percent rise in crude prices constitutes an oil supply shock, but with smaller macroeconomic effects than past energy crises due to the lower real oil burden and reduced oil dependence of the Dutch economy. It links the shock to disruptions in the Strait of Hormuz and Middle Eastern production, noting higher fuel and transport costs and heightened risks for energy-intensive and diesel-dependent sectors. The central bank is using multiple scenarios to assess the impact of sustained high oil prices and ongoing supply uncertainty.
ResearchEconomic data and developments
-
2026-05-27•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority has amended FMA Guidance 2019/2 to clarify that vested pension benefits may be paid out in cash only within one year of commencing self-employment. The change removes the previous hardship-based practice of allowing later payouts and aims to align with Switzerland, reduce cross-border circumvention, and strengthen legal certainty and equal treatment.
Policy & regulationGuidance & interpretationOther
-
2026-05-27•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
The Superintendence of the Securities Market of the Dominican Republic, the Ministry of Environment and Natural Resources, and the International Finance Corporation signed a cooperation agreement for the second phase of the country’s green taxonomy project. The initiative will develop regulations to support taxonomy compliance in the financial and real sectors and build market capacity to apply the framework. It is aimed at attracting green investment into strategic sectors such as tourism and energy.
Policy & regulationCooperationGreen taxonomy
-
2026-05-27•Georgia•National Bank of Georgia
The National Bank of Georgia has released the May editions of its Current Macroeconomic Review and Financial Sector Review. The publications aim to enhance analytical communication and provide timely analytical data to the public via the Publications section of its website.
ResearchEconomic data and developmentsFinancial and market indicators
-
2026-05-27•Georgia•National Bank of Georgia
The National Bank of Georgia reported to Parliament on its 2025 activities, with lawmakers backing a resolution on its monetary, foreign exchange and supervisory policies and audited financial statements. President Natia Turnava noted 3.9 percent average inflation in 2025, a May 2026 policy rate increase to 8.25 percent, a 2.6 percent of GDP current account deficit, higher foreign direct investment, record reserves, reduced dollarization, strong banking sector credit growth and profitability, and continued work on consumer protection, capital markets, pensions, payments, virtual asset service providers and financial technology.
Monetary policyMonetary policy assessments & outlooks
-
2026-05-27•Latvia•Central Bank of Latvia
The Central Bank of Latvia’s Supervision Committee has licensed Trek Technologies SIA (Backpack EU) to provide crypto-asset services and operate as a payment institution, allowing it to execute payments and transfers to payment accounts. The crypto-asset licence covers custody and administration, exchange, execution of client orders and transfer services, making Trek Technologies SIA the fifth firm authorised under the Markets in Crypto-Assets Regulation, enabling EU-wide passporting via cross-border notification.
SupervisionAuthorisations & approvalsLicence approval
-
2026-05-27•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago met the Tobago Division of the Trinidad and Tobago Chamber of Industry and Commerce to gather business input on Tobago’s economic conditions and brief stakeholders on payments reforms and its next five-year strategy. The Bank updated participants on the Draft Payment Systems and Services Bill, the CARICOM Payments Settlement System and the domestic Instant Payment System, and invited the Chamber’s views for its 2026–2031 Strategic Plan.
Policy & regulationRules & requirementsDomestic cooperation
-
2026-05-27•Bahamas•Insurance Commission of the Bahamas
The Insurance Commission of the Bahamas hosted a courtesy meeting with the Bahamas Financial Services Board to strengthen cooperation in supporting insurance sector growth and its alignment with the wider financial services industry. Discussions focused on improving the sector’s domestic and international visibility and on joint initiatives to enhance consumer awareness and financial literacy, highlighting insurance’s role in financial protection, resilience and long-term economic stability.
Policy & regulationCooperationFinancial literacy and educationDomestic cooperation
-
2026-05-27•Global•International Monetary Fund
The IMF’s staff concluding statement for its 2026 Article IV mission to Italy projects GDP growth of 0.5 percent in 2026 and 2027 and calls for faster fiscal consolidation to reduce high public debt. Staff recommend additional fiscal efforts of about 1 percent of GDP over 2026-2027 focused on tax base broadening, improved compliance and spending efficiency, and urge more proactive financial supervision and macroprudential policy alongside continued structural reforms. The 2026 Financial Sector Assessment Program finds the banking sector resilient, supported by strong profitability, capital and liquidity, but highlights the need to address sovereign-bank linkages, legacy non-performing loans and implementation of the National Recovery and Resilience Plan.
Policy & regulationInternational standards & recommendationsEconomic data and developmentsFinancial stability and systemic risk
-
2026-05-27•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market updated its 2026 rulemaking plan, reference systems, and work on a draft law for a national greenhouse gas emissions quota trading system, and endorsed a Cabinet resolution on eligible foreign exchanges for listing shares of international financial institutions and other issuers, excluding those from Russia, Belarus, Iran, North Korea and other aggressor or occupying states. It also issued investor alerts, adjusted sanctions-related asset lists, withdrew a rating agency’s authorisation, suspended multiple bond series, cancelled an investment fund’s registrations, revised critical-importance status for certain firms, suspended a financial company’s trading licences, and approved senior appointments.
Policy & regulationRules & requirementsCarbon marketsClimate risk and sustainable finance
-
2026-05-27•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation’s latest Quarterly Banking Profile reports aggregate net income of USD 80.5 billion for 4,278 insured institutions in the first quarter of 2026, up 3.6 percent from the prior quarter, with a return on assets of 1.26 percent despite an 8 basis point decline in the net interest margin to 3.31 percent. Community bank net income rose 3.9 percent, domestic deposits and loan balances grew, and asset quality remained generally favorable, although some commercial real estate and consumer portfolios showed elevated delinquencies. The Deposit Insurance Fund reserve ratio increased to 1.43 percent and capital and liquidity levels remained strong.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported that 113 delegates from its Party Committee, internal units and inspection functions joined a nationwide hybrid conference on updated legal rules and professional training for Party inspection and supervision. Organised by the Central Inspection Commission and linked to more than 3,000 sites, the programme covered new legal requirements on organisation and personnel, science and technology, public finance and assets, land and natural resources, oversight of key Central resolutions and deployment of inspection software, emphasising stronger legal foundations, specialist expertise and digital tools for supervisory staff.
Institutional developmentCooperation & capacity buildingOther
-
2026-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Financial Stability Task Force reviewed the draft 2025 Financial Stability Report and set 2026 priorities to strengthen analytical, forecasting and early warning capacity and improve policy coordination. The draft finds Vietnam’s financial system remained stable in 2025, with estimated GDP growth of 8.02 percent, inflation of 3.31 percent, improved balance of payments and expanding credit institutions as the main funding channel. The 2026 report will provide a more detailed assessment of overall and sectoral financial stability, with members asked to identify gaps and needed adjustments.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
-
2026-05-27•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has imposed administrative penalties on Andrew White following a settlement for breaches of the Mortgage Brokerages, Lenders and Administrators Act, 2006. White provided information about a prospective borrower to a prospective lender contrary to section 2(3) and carried on, or held out as carrying on, the business of mortgage lending without a brokerage licence or exemption contrary to section 4(2).
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2026-05-27•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission’s annual conference examined how technological innovation could reshape capital markets in Portugal and the European Union. Discussions covered artificial intelligence, distributed ledger technology, investor protection and the regulatory implications for supervised entities.
ResearchArtificial intelligenceBlockchain and distributed ledger technologyConsumer and investor protection
-
2026-05-27•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub published the Project Agorá report on a prototype shared distributed ledger platform combining tokenised commercial bank deposits and central bank reserves for atomic multi-currency wholesale cross-border settlement. Its two-layer architecture preserves correspondent banking while aiming to cut delays, failed payments and reconciliation burdens. Testing showed atomic settlement is achievable across all seven participating jurisdictions without direct legal or regulatory conflicts, though further work is needed on settlement finality, governance and interoperability. Participating central banks and private institutions plan to explore the prototype further and expand the private sector role.
Policy & regulationImplementation, projects & pilotsCross-border payments
-
2026-05-27•Ireland•Central Bank of Ireland
The Central Bank of Ireland’s latest Financial Stability Review finds that risks to Ireland’s financial system from the global environment have intensified, driven by a persistent global energy supply shock, potential financial market corrections, vulnerabilities in parts of the global non-bank sector and rising cyber risks. Prolonged energy disruption could raise inflation, slow growth and increase costs for households and businesses, while high valuations and debt-funded investment in the artificial intelligence sector and greater use of private credit add to vulnerabilities. The review stresses the need to maintain strong bank capital buffers, prudent lending standards and operational resilience, and notes that public finances remain exposed due to reliance on corporation tax-driven surpluses.
ResearchFinancial stability and systemic risk
-
2026-05-27•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand announced that the Government has decided in principle to introduce a levy under the Reserve Bank of New Zealand Act to fund the Bank’s prudential functions and powers. The Bank will consult, on the Minister’s behalf, with affected entities on whether the levy should cover all or part of these costs, which sectors should be in scope, and how individual levy amounts should be determined, in line with section 296(1) of the Act.
Policy & regulationRules & requirementsMandate change
-
2026-05-27•Global•Bank for International Settlements
The Bank for International Settlements and the Institute of International Finance published a Project Agorá report finding that tokenisation and programmable technology can reduce inefficiencies in wholesale cross-border payments while preserving settlement in central bank reserves. The prototype demonstrated atomic settlement of tokenised central bank reserves and commercial bank deposits across currencies and jurisdictions, with a layered architecture supporting central bank control, privacy, regulatory compliance and enhanced financial crime controls. The project will move to testing with real-value transactions, a larger private sector role and the addition of the Bank of Canada.
Policy & regulationImplementation, projects & pilotsCross-border paymentsTokenization
-
2026-05-27•Czech Republic•Czech National Bank
The Czech National Bank reported that instant koruna payments have become a mainstream retail method, with 53% of Czechs using the service, high satisfaction and growing volumes, supported by near-universal bank coverage and 24/7 CERTIS operation. It highlighted rising QR code merchant payments, emerging private applications, and use for taxes, fees and other public payments. The CNB plans to introduce instant euro payments in 2027, requiring banks to receive and later send such payments continuously, and is working with banks on bulk koruna instant payments for wages.
Policy & regulationRules & requirementsPayments and payment systems
-
2026-05-27•Europe•European Central Bank
The European Central Bank published a working paper proposing an econometric framework to identify relationship-specific credit demand and supply shocks in firm-bank networks using jointly observed price and quantity data. Using AnaCredit data for nine euro area countries from 2019 to 2023, the authors find large within-firm and within-bank shock variation, substantial bias in standard fixed-effects estimates, and that post-2022 monetary tightening had stronger negative effects on firms with floating-rate or short-term borrowing.
Research
-
2026-05-27•Europe•European Central Bank
The European Central Bank published a working paper using Consumer Expectations Survey data from 11 euro area countries (2020–2024), finding that household participation in risky assets remains low and broadly stable despite inflows of new investors. About 10% of non-stockholders enter the stock market each year while more than 20% of stockholders exit, with non-participation driven by financial constraints and behavioural barriers, and pandemic-era gains in participation fragile. The paper also reports that crypto ownership of around 8% to 10% is concentrated among younger, male and more risk-tolerant households, with small, speculative holdings and trust concerns limiting wider adoption.
ResearchFinancial inclusionFinancial stability and systemic risk
-
2026-05-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that Hong Kong Interbank Clearing Limited has identified a fraudulent website, paymentystemfps.click, impersonating HKICL to obtain users’ login credentials and divert them to WhatsApp chats with fraudsters posing as customer service staff. HKICL clarified it has no connection with the site, does not use WhatsApp for communication, and urged the public to verify suspicious contacts and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
-
2026-05-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority alerted the public to recent bank notices on fraudulent websites, fake internet banking login screens, phishing emails and related scams, and has posted links to these notices on its website. It reiterated that banks do not send embedded hyperlinks for transactions or request sensitive information by phone, email or SMS, and advised anyone who has disclosed information or transacted in response to such scams to contact their bank and report the matter to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
-
2026-05-27•Global•Bank for International Settlements - Committee on Payments and Market Infrastructures
The BIS Committee on Payments and Market Infrastructures and the Financial Stability Board report gradual improvements in payment infrastructure, access and standards under the G20 cross-border payments roadmap but find uneven implementation and deem the 2027 targets unlikely to be fully met. The 2025 survey notes wider use of fast payment systems, longer RTGS hours, greater non-bank access, broader cross-border processing and increased ISO 20022 and API adoption. Priorities include scaling fast payment links, expanding access for non-banks and foreign banks, extending RTGS hours in the Americas and Europe, and aligning ISO 20022 implementations with CPMI harmonisation requirements.
Policy & regulationImplementation, projects & pilotsCross-border payments
-
2026-05-27•Serbia•National Bank of Serbia
The National Bank of Serbia has published draft amendments to the law on protecting financial service users in distance contracting to align Serbia’s framework with EU rules, reflecting Directive 2023/2673 on distance marketing of financial services. The draft introduces new requirements for providers using online interfaces, including a ban on misleading design, easier withdrawal from distance contracts and additional pre-contract information obligations, with the main practical impact expected in new functionality requirements for online channels.
Policy & regulationRules & requirementsConsumer and investor protection
-
2026-05-27•Serbia•National Bank of Serbia
The National Bank of Serbia published its weekly overview of global financial markets for 18–22 May 2026, highlighting shifting signals on US-Iran negotiations, Federal Reserve minutes indicating no urgency to cut rates, and weaker euro area activity data. The review notes modest euro depreciation against the US dollar, mixed moves in US and German government bond yields, and declines in gold and Brent crude prices. It also flags renewed pressure on Turkish assets after a court ruling and Poland’s CHF 885 million three-tranche bond issue, including a 10-year green bond.
Data & statisticsMonetary policy decisions and developments
-
2026-05-27•United States•U.S. Securities & Exchange Commission
A U.S. Securities and Exchange Commission Commissioner, speaking personally, argued that privacy-enhancing technologies should play a larger role in financial regulation, particularly in crypto, and that privacy and investor protection can reinforce each other. She suggested allowing transfer agents to record that securities reside on a blockchain at a public address instead of collecting investors’ home addresses, and invited firms developing tools that meet Know Your Customer and anti-money laundering requirements while limiting personally identifiable information to engage with the SEC Crypto Task Force.
Policy & regulationGuidance & interpretationKYCAML and CFT
-
2026-05-27•Comoros•Central Bank of Comoros
The Central Bank of Comoros has published a relaunched call for applications for an international consultant to draft the banking law of the Union of the Comoros. The notice says the assignment will support the FSRP-KM project unit in preparing project P512649, with applications due by June 15, 2026 at 14:00.
Institutional developmentWorkforce & recruitmentOther
-
2026-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission fined Eduardo Garcia de Souza BRL 210,000 for unauthorized securities portfolio management under Article 2 of CVM Resolution 21 and Article 23 of Law 6.385/76, with the decision appealable to the National Financial System Appeals Council. In a separate case on alleged fraudulent transactions involving CABOPREV resources and executives linked to Petróleo Brasileiro S.A., the board removed the matter from the agenda to review new evidence and testimony, with judgment to return later.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2026-05-27•Guatemala•Bank of Guatemala
The Monetary Board of the Bank of Guatemala unanimously kept the monetary policy rate at 3.50%, citing inflation within target and a still-positive domestic growth outlook despite higher external uncertainty and imported price pressures. Headline inflation rose to 3.24% in April 2026 from 2.50% in March but remained within the 4.0% plus or minus 1 percentage point target, and the Board said inflation is still expected to stay on target in 2026 and 2027 despite upside risks from the Middle East conflict, El Niño and a potentially prolonged fuel and energy supply shock.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-05-27•Global•Bank for International Settlements
The Bank for International Settlements published a working paper finding that the Basel III Liquidity Coverage Ratio reduced US banks’ wholesale funding costs from money market funds and shifted funding toward longer maturities. Banks with larger pre-regulation Liquidity Coverage Ratio shortfalls saw greater declines in funding costs, particularly for instruments with maturities of 31 days or more, and increased their borrowing volumes and tenors.
Research
-
2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova is drafting an Executive Board decision to approve an instruction on reporting annual and consolidated financial statements for insurance and reinsurance undertakings, including branches from third countries, to transpose Council Directive 91/674/EEC. The project aims to align national financial reporting with EU standards, enhance transparency and comparability of insurers’ financial statements, and support integration of Moldova’s insurance market into the European space in line with EU accession commitments.
Policy & regulationRules & requirementsRegulatory reporting
-
2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova will host the 38th annual conference of the Group of Banking Supervisors from Central and South-Eastern Europe in Chisinau on 28–29 May 2026, focusing on supervisory cooperation and adapting oversight to rapid digital transformation in the financial sector. Under Moldova’s BSCEE presidency, the event will review the annual report, discuss network development priorities, and consider rule amendments to strengthen confidentiality and secure information exchange among member states.
SupervisionCooperationCross-border cooperation
-
2026-05-27•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission has published a Sustainable Finance Notebook finding that Italian issuers, especially non-financial corporates, can raise funding more cheaply with sustainable bonds, as investors accept lower yields for ESG-labelled debt. Based on more than 3,300 bonds outstanding in June 2025, the study estimates sustainable bond yields at issuance are on average 1 percentage point below comparable conventional bonds, implying a funding-cost advantage of about 23%, and notes that stronger issuer ESG ratings further reduce funding costs.
ResearchESG
-
2026-05-27•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported that April 2026 check clearing volumes and values fell month on month, while the dishonored-check ratio by volume edged up to 0.08%. The value share of dishonored checks declined to 0.27%, driven by fewer large-value defaults, while corporate accounts’ share of dishonored checks increased and personal accounts’ share decreased.
Data & statisticsFinancial and market indicators
-
2026-05-27•Guatemala•Bank of Guatemala
Bank of Guatemala’s Monetary Board on 27 May 2026 kept the policy rate at 3.50 % for a second consecutive meeting, seeing April inflation at 3.24 % y/y as on course to stay within the 4 % ± 1 pp target through 2027. While domestic growth remains solid, the board flagged rising global oil costs and possible El Niño impacts as upside inflation risks and said it stands ready to tighten if needed.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-05-27•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission has consulted on revising fees for collective investment management entities, including management companies and funds, with charges differentiated by type, category and size and capped at EUR 45,000. The proposal updates the methodology for annual fees, amends authorisation and material change fees, introduces new disclosure requirements and removes certain obsolete notification obligations, as part of a broader effort to align fees with supervised activities and strengthen CySEC’s financial autonomy.
Policy & regulationRules & requirementsLicensing and supervisory fees
-
2026-05-27•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has finalised the transfer of key Capital Requirements Regulation definitions into the PRA Rulebook Glossary, with consequential amendments and updates to Supervisory Statement 15/13 on groups. The policy mainly introduces drafting and clarification changes, including updated definitions of branch, recognised exchange, securitisation and certain regulatory capital instruments, and clarifies market value for some physical collateral. The changes apply to PRA-authorised UK banks, building societies, PRA-designated UK investment firms and their qualifying parent undertakings, and take effect on 1 January 2027 alongside Basel 3.1.
Policy & regulationRules & requirementsPrudential risks
-
2026-05-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank and the Dutch Payments Association report a further decline in cash at point of sale in 2025, with cash falling to 17% of checkout payments and card use rising to 83%, while total transactions edged down to 7.1 billion but value increased to EUR 185 billion. The study highlights growing use of debit cards for small purchases, declining traditional card insertion, and increased mobile and smartwatch payments. It also notes a marked shift to digital payments among people aged 75 and over and more electronic transfers for informal payments.
Data & statisticsCurrency and cash management
-
2026-05-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority is inviting applications from senior practitioners at smaller regulated firms in the general insurance and consumer credit sectors to join its Smaller Business Practitioner Panel. The panel provides independent advice and challenge from the perspective of smaller firms to support the FCA’s strategic and operational objectives during a period of regulatory change in UK financial services.
Institutional developmentCooperation & capacity buildingHiring and recruitment
-
2026-05-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority’s supervisory review found some authorised firms approving financial promotions for unauthorised businesses are failing to protect consumers, including by approving unsubstantiated claims, exposing retail investors to promotions intended for professional clients and relying on third-party templates. The review of 10 firms, focused on Buy Now Pay Later, crowdfunding and corporate finance promotions, has led to one remediation exercise and blocking some websites to retail customers, while the strongest firms applied the Consumer Duty from the outset. The FCA will continue to monitor compliance and hold firms to account.
SupervisionReviews, inspections & stress testsConsumer and investor protection
-
2026-05-27•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets reported that the Trade and Industry Appeals Tribunal has fully dismissed an external auditor’s appeal against a 2022 disciplinary ruling, confirming that two of his audit opinions were unreliable and upholding his three-month removal from the registers. The tribunal agreed that the auditor failed to obtain sufficient and appropriate audit evidence, did not exercise adequate professional scepticism and improperly altered an audit file, and found the sanction proportionate to the misconduct.
EnforcementInvestigations & enforcement actionsAuditing
-
2026-05-27•Russia•Central Bank of Russia
The Central Bank of Russia reported faster corporate lending growth in April, a rebound in household deposits, modest mortgage expansion and broadly flat consumer credit, alongside lower profitability. Corporate loans, including bonds, rose 1.9% month-on-month and 12.8% annualised, while mortgages grew 0.4% month-on-month and 10.5% annualised, with subsidised mortgages at around 60% of new issuance and the consumer loan portfolio contracting. The banking sector posted RUB 348 billion in profit in April, down 22% from March, with a total financial result of RUB 369 billion reflecting positive revaluation of debt securities in equity.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-05-27•Russia•Central Bank of Russia
The Central Bank of Russia’s 2025 pawnshop market review reports lending volumes grew faster than the customer base, with agreements up 13% to 19 million and clients up 3% to 2.16 million, driven mainly by repeat borrowers. From 1 April 2026, the maximum effective rate on consumer loans issued by pawnshops was cut from 130% to 100% of the loan amount. The review notes that 85% of loans are repaid, nearly 95% are secured by jewellery, and the average loan size rose from RUB 21,000 to RUB 27,000 in 2025.
Policy & regulationRules & requirementsLending
-
2026-05-27•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance and Ministry of Social Cohesion and Family confirmed that 31 May 2026 is the final date for entry into the My Home II programme, after which no new applications or electronic eligibility certificates via gov.gr will be accepted. The deadline for signing loan agreements between beneficiaries and banks remains 31 August 2026.
Policy & regulationRules & requirementsOther
-
2026-05-27•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau reported that Secretary Christopher Hui led a delegation to Shenzhen for the fourth meeting of the Shenzhen-Hong Kong Financial Co-operation Committee, which reviewed market developments, co-operation initiatives and proposals to deepen a shared market. The meeting underscored fintech integration, support for Shenzhen listings in Hong Kong, cross-boundary schemes such as Stock Connect, Bond Connect and Wealth Management Connect, and co-operation in gold and green finance. Hui urged closer regulatory alignment and greater use of finance to support the real economy and technology sectors, while Shenzhen officials highlighted future priorities in technology finance, outbound enterprise support, expanded wealth management and financial risk controls.
Policy & regulationCooperationDomestic cooperation
-
2026-05-27•Australia•Reserve Bank of Australia
The Reserve Bank of Australia’s Carolyn Hewson outlined how the Monetary Policy Board makes decisions under uncertainty, stressing that its dual mandate of low, stable inflation and high employment is complementary over time. Policy judgements draw on staff analysis, financial market indicators, business and community liaison, and internal debate. The Board uses a broad set of financial conditions indicators to assess whether policy is expansionary, neutral or restrictive, without relying on any single measure. Hewson said the current Middle East conflict is lifting inflation via higher energy prices but is expected to have a more limited impact on activity than past oil shocks, with a modest, uneven hit to household real incomes and ongoing monitoring of second-round effects.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2026-05-27•Europe•European Central Bank
The European Central Bank’s Financial Stability Review finds that strictly applied redemption gates and anti-dilution levies in open-ended funds can reduce tail losses, protect fragile funds and limit fire-sale spillovers without materially affecting banks’ capital ratios. Using a system-wide agent-based model based on the 2025 EU-wide stress test adverse scenario, the ECB shows that a 2% redemption gate and anti-dilution levies capped at 2% modestly lower sector redemptions and reallocate outflows towards more resilient funds, with anti-dilution levies having the larger impact. The ECB cautions that the model does not capture potential drawbacks such as pre-emptive redemptions or signalling effects.
ResearchLiquidity riskFinancial stability and systemic risk
-
2026-05-27•Europe•European Central Bank
The European Central Bank’s Financial Stability Review warns that stretched valuations in US technology and artificial intelligence equities are a key financial stability vulnerability for the euro area, given investors’ growing exposures via investment funds. Euro area holdings of US equities have quadrupled over the past decade, with about 70% of the increase driven by valuation effects, and flows into US technology funds are highly sensitive to macroeconomic, monetary policy and risk shocks. The ECB cautions that weaker-than-expected AI outcomes or worsening geopolitics could trigger outflows, forced asset sales and spillovers to euro area corporate funding and household wealth.
ResearchAsset qualityFinancial stability and systemic risk
-
2026-05-27•Europe•European Central Bank
The European Central Bank’s May 2026 Financial Stability Review finds euro area financial stability vulnerabilities remain elevated amid the Middle East war, energy disruptions, and persistent trade and cyber risks, with pressure points in sovereign and market sentiment, non-bank financial institutions, and bank credit and funding. It highlights elevated asset valuations, liquidity and leverage risks in parts of the non-bank sector, and potential spillovers to banks despite robust capital and liquidity. The ECB urges maintaining bank macroprudential buffers, implementing non-bank reforms, strengthening supervisory and macroprudential frameworks, and closing data gaps, including in private credit.
ResearchGeopolitical riskFinancial stability and systemic risk
-
2026-05-27•Europe•European Central Bank
The European Central Bank’s May 2026 Financial Stability Review finds euro area financial stability has weakened as the war in the Middle East triggers an adverse energy supply shock and heightens trade, fiscal and cyber risks. It highlights risks from abrupt repricing in financial and sovereign debt markets, liquidity and leverage vulnerabilities in the non-bank sector, and spillovers to banks. The review calls for maintaining releasable bank capital buffers, applying borrower-based measures to safeguard lending standards, and strengthening EU macroprudential, supervisory and data frameworks for non-banks.
ResearchFinancial stability and systemic riskGeopolitical risk
-
2026-05-27•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group will host a symposium at the European Accounting Association’s 2026 congress in Prague on whether more structured, comparable corporate information for start-ups and scale-ups can ease financing constraints for European SMEs. Requested by the European Commission, the event will examine a voluntary key information disclosure template and how proportionate summarised reporting could improve transparency, support investment decisions and strengthen Europe’s risk capital markets, drawing on EFRAG’s work on a voluntary sustainability reporting standard for SMEs.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
-
2026-05-27•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre announced that the Federal Court imposed civil penalties of AUD 50,000 on Castra Licensee Pty Ltd and AUD 45,000 on Princeton Securities (NSW) Pty Ltd for failing to pay infringement notices for alleged breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The Court also ordered Castra to pay AUD 15,000 in costs and Princeton AUD 5,000, noting both firms’ admissions of liability and cooperation.
EnforcementInvestigations & enforcement actionsAML and CFT
-
2026-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has submitted to the Ministry of Finance a plan with 22 measures for the emergency restructuring of its supervisory activity, prepared in response to the Supreme Court’s interim order in Direct Action of Unconstitutionality 7.791. The plan assumes a significant budget increase and sets out actions on staffing, organisational redesign, technology and supervisory tools, including expanded use of artificial intelligence, enhanced market abuse detection, broader fund industry oversight and systematic audits of FIDCs and single-class funds.
Institutional developmentMandate & organizational structureOperational excellenceOrganizational structure
-
2026-05-27•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on DNB’s UK operations, identifying high operational risk in the London branch and calling for stronger governance, non-financial risk documentation and a more holistic risk view. It highlights critically high risks in external fraud, data management and key-person risk in IT, as well as operational risks from outsourcing know-your-customer processes to DNB Riga and heightened geopolitical risks for clients in international trade. DNB will introduce quarterly credit risk reports to the Management Committee from the second quarter of 2026 and strengthen anti-money laundering and counter-terrorist financing considerations in decision memoranda and branch controls.
SupervisionReviews, inspections & stress testsAML and CFTOperational risk and resilience
-
2026-05-27•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on Revisorene Helberg og Øverås AS identifying serious breaches of audit law in audits of the 2024 and 2025 annual accounts, including gross deficiencies in going concern assessments, inventory testing, related-party transactions and fraud-risk procedures. The authority noted improvements in the 2025 audit work and decided not to revoke the approval of one state authorised auditor, but will continue to follow up the firm, which has engaged another audit firm for an external quality review.
SupervisionReviews, inspections & stress testsAuditing
-
2026-05-27•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has launched the second year of its “Insurefluencer the new GEN 2026” programme to expand insurance literacy, risk management awareness and financial planning skills among secondary and vocational students. The 2026 programme centres on Boot Camp activities, mandatory insurance training for at least 100 students per institution, and community outreach, with participants submitting activity reports and videos for regional and national competitions. The national winner will receive up to THB 80,000 in education funding and an e-certificate.
Financial literacy & educationOther
-
2026-05-27•New Zealand•Serious Fraud Office
The New Zealand Serious Fraud Office reported that Christopher Peters pleaded guilty in the Auckland District Court to four charges of obtaining by deception relating to a NZD 4.47 million mortgage fraud and one charge relating to a NZD 1.8 million investment fraud involving false representations to banks and an investor. The Crown offered no evidence against his brother Robert Peters, whose charges were dismissed, while co-defendants Francis Peters and Gur Raj Bhachu had previously pleaded guilty and been sentenced.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2026-05-27•New Zealand•Reserve Bank of New Zealand
Reserve Bank of New Zealand’s Monetary Policy Committee kept the Official Cash Rate at 2.25 percent, noting 3.1 percent inflation projected to peak at 4.3 percent in September amid weak demand, falling confidence and a –1.3 percent output gap. It judged risks skewed to higher inflation and signalled the OCR will “most likely” need to rise sooner and by more than envisaged in February, depending on wage- and price-setting versus demand softness.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-05-27•Australia•Australian Securities & Investments Commission
ASIC Chair Joe Longo signalled an ambition to make ASIC’s regulatory sandbox more supportive, including a clearer path from innovation to licensing and closer coordination with the Reserve Bank of Australia and other regulators. He said rapid advances in artificial intelligence, payments and digital assets require regulators to deepen their technology capabilities while applying existing law, and noted ASIC has been addressing its technology debt and expanding its use of AI tools.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory sandbox
-
2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has used new financial market infrastructure powers to declare Euroclear Bank SA/NV has a material connection to Australia, bringing it within the domestic clearing and settlement facility licensing regime and granting a temporary exemption while it prepares a licence application. The decision follows ASIC’s assessment and consultation with the Reserve Bank of Australia, reflecting Euroclear’s role in Australia’s debt securities market and in providing cross-border settlement and custody services, including for Australian Government bonds.
Policy & regulationRules & requirementsLicensing framework and process
-
2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has opened a consultation on remaking six legislative instruments that provide relief for various managed investment schemes, proposing to extend them for five years beyond their 1 October 2026 expiry with only minor clarifying amendments. ASIC also proposes to remove certain transitional provisions, including section 6 of the Attribution Managed Investment Trusts instrument, and is seeking specific feedback on the horse schemes instrument.
Policy & regulationRules & requirementsOther
-
2026-05-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has finalised a three-tier proportionality structure for the banking prudential framework, including a new Most Significant Financial Institutions tier for banks with more than AUD 300 billion in assets and an increased Significant Financial Institution threshold to AUD 30 billion. Banks moving into a higher tier will receive a 12-month transition period before stricter prudential settings apply, with additional time for non-SFIs where appropriate. The changes form part of APRA’s response to the Council of Financial Regulators’ review of small and medium-sized banks and are implemented via updates to CPS 001.
Policy & regulationRules & requirementsPrudential risks
-
2026-05-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority warned that the total and permanent disability insurance model is under strain from rising mental health claims but does not plan to prescribe product definitions or adjust capital. A thematic review and joint roundtable with the Australian Securities and Investments Commission identified needed improvements in claims handling for complex cases, product design for episodic conditions, and stakeholder alignment in group insurance. APRA will continue thematic reviews, share better practices, convene industry stakeholders and engage with government on legislative settings affecting product sustainability.
Policy & regulationGuidance & interpretationOther
-
2026-05-27•South Korea•Bank of Korea
The Bank of Korea published preliminary data showing Korea’s net international investment position declined by USD 132.1 billion in Q1 2026 to USD 753.6 billion, as external liabilities grew faster than assets. External assets rose USD 15.0 billion to USD 2,882.6 billion, while foreign investment in Korea increased USD 147.1 billion to USD 2,129.0 billion. Net external assets in debt instruments fell by USD 7.6 billion to USD 365.5 billion and the short-term external debt ratio to reserve assets stood at 43.3%.
Data & statisticsBalance of payments and other external statistics
-
2026-05-27•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported that aggregate net income of 52 insurers rose 9.5% year-on-year to KRW4.4817 trillion in the first quarter of 2026, driven by a 40.6% increase in life insurers’ earnings, while nonlife insurers’ net income declined. Premium income grew 6.0% to KRW66.4884 trillion, sector return on assets improved to 1.33% and return on equity fell to 10.03%, with aggregate assets reaching KRW1,353.9 trillion. The authority said it will monitor earnings and financial stability risks and guide insurers to respond preemptively amid market uncertainty.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
-
2026-05-27•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has joined Gemini Trust Company LLC in seeking to vacate the prospective provisions of the January 2025 consent order in CFTC v. Gemini Trust Company LLC, while leaving intact non-prospective terms already satisfied, including the civil monetary penalty. Following an internal review, the CFTC concluded the June 2022 complaint should not have been filed under current enforcement standards, citing reliance on a non-credible whistleblower, evidentiary weaknesses, concerns over Gemini’s status as a fraud victim, and internal failures.
EnforcementInvestigations & enforcement actionsWhistleblowing
-
2026-05-27•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Swiss resident and former Google software engineer Michele Spagnuolo, alleging insider trading on Polymarket.com using nonpublic information about Google’s 2025 “Year in Search” list. The CFTC claims he traded at least 23 related prediction market contracts with near-perfect accuracy under the handle AlphaRaccoon, generating about USD 1.2 million in profits, and seeks restitution, disgorgement, civil monetary penalties, and a permanent injunction.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2026-05-27•United States•Federal Reserve Board
Federal Reserve Governor Lisa D. Cook said elevated risks to inflation and employment argue for holding rates steady, noting risks still tilt toward higher inflation and she is prepared to raise rates if disinflation stalls or ease if the labor market weakens. She said artificial intelligence (AI) investment could add to price pressures and labor-market churn even as it boosts productivity in financial services, and warned AI may amplify financial stability risks. Cook outlined how the Fed is using AI in financial-stability analysis, including new technology-risk teams, smaller AI models, and systemwide agentic AI experiments.
Monetary policyMonetary policy assessments & outlooksArtificial intelligence
-
2026-05-27•United States•Federal Reserve Board
Federal Reserve Vice Chair Philip N. Jefferson expects U.S. growth to moderate in 2026 as higher energy costs weigh on households, with inflation elevated but projected to decline as tariff and energy effects fade. He said the Federal Open Market Committee’s decision to keep the federal funds target range at 3-1/2 to 3-3/4 percent leaves policy well positioned, while noting labor market downside risks and inflation upside risks. Jefferson cited higher energy prices, artificial intelligence advances, and disrupted trade flows as key global developments and reiterated the commitment to the 2 percent inflation target.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2026-05-27•Global•International Monetary Fund
The IMF completed the combined fifth and sixth reviews of Sri Lanka’s 48‑month Extended Fund Facility, unlocking SDR508 million and bringing total disbursements to SDR1.778 billion under the SDR2.286 billion arrangement. The Board noted strong implementation but a weaker outlook from external shocks, endorsed temporary fiscal easing in 2026 with a return to the primary balance target from 2027, and urged completion of fiscal, investment and electricity reforms, sustained revenue mobilization, price stability-focused monetary policy, greater exchange rate flexibility, and gradual removal of balance-of-payments measures. It said debt restructuring is nearly complete but debt sustainability risks remain high.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
-
2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that the court ordered Westpac Banking Corporation to pay AUD 26 million in civil penalties for failing to respond within the legal timeframe to more than 200 online financial hardship requests between 2017 and 2023. The court found gross negligence arising from inadequate systems and operational failures, noting serious undermining of the legislative hardship regime and adverse impacts on vulnerable customers, including incorrect credit reporting and debt sales. Westpac admitted contraventions of the National Credit Code and National Credit Act and has paid over AUD 1.7 million in remediation.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
-
2026-05-27•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Banking Committee Minority Staff, led by Ranking Member Elizabeth Warren, released a report alleging President Trump’s China trip primarily advanced his and his billionaire allies’ financial interests rather than U.S. workers, farmers, and households. The report cites extensive campaign donations by participating CEOs, failure to secure relief from China’s unfair trade practices while imposing tariffs estimated to cost American families USD 2,500 on average this year, and links NVIDIA CEO Jensen Huang’s inclusion in the delegation to subsequent approval of advanced AI chip sales to China despite military concerns.
ResearchOther
-
2026-05-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president outlined rules for virtual asset service providers and the tokenization regime as the core of its current approach to regulating crypto-related activity and tokenized markets at a FinLaw Association technical meeting. He said these frameworks aim to support a more transparent market environment and improve efficiency, traceability and access, while maintaining clear and modern regulation, in a discussion focused on regulatory perimeter, operational compliance, supervision, and international competition.
Policy & regulationGuidance & interpretationFintech and insurtechTokenization
-
2026-05-27•South Korea•Bank of Korea
The Bank of Korea’s May 2026 Business Survey and Economic Sentiment Index show broad improvement in business and private sector sentiment, with the all-industry Composite Business Sentiment Index rising 4.0 points to 98.9 and the Economic Sentiment Index up 5.8 points to 97.5. Manufacturing CBSI increased to 100.8 and non-manufacturing to 97.5, supported by better business conditions, production, new orders and profitability, while the cyclical component of the Economic Sentiment Index remained unchanged at 95.2.
Data & statisticsEconomic data and developments
-
2026-05-27•Kyrgyzstan•Ministry of Finance (Kyrgyzstan)
The Ministry of Finance of the Kyrgyz Republic announced the arrival of a Chinese Ministry of Finance delegation, led by Vice Minister Liao Min, for a working visit. The delegation will attend the Bishkek meeting of Shanghai Cooperation Organisation finance ministers and central or national bank governors and the third consultative council on establishing the Shanghai Cooperation Organisation Development Bank, where Liao Min serves as co-chair.
Policy & regulationCooperationCross-border cooperation
-
2026-05-26•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has mandated all financial institutions to submit quarterly sex-disaggregated data on financing to micro, small and medium-sized enterprises, including ownership composition and credit application outcomes. The measure, which builds on a voluntary WE Finance Code pilot involving 26 institutions representing about 97% of system assets, aligns with Organisation for Economic Co-operation and Development standards and will support reporting of disaggregated indicators to the organisation.
SupervisionRegulatory reportingDiversity and inclusion
-
2026-05-26•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the fifth National Forum of Regulators in Luanda, organised by the Competition Regulatory Authority, on how competition and regulation affect price stability in Angola. Discussions covered the interaction between competition policy and market regulation, including factors influencing price stability and the effects of competition in regulated sectors, and aimed to promote experience-sharing and closer cooperation among regulators.
Policy & regulationCooperationCross-border cooperation
-
2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported on a joint press conference where Finance Minister Katayama and Bank of Japan Governor Ueda outlined the G7 Finance Ministers and Central Bank Governors’ communiqué on the economic and financial impact of Middle East tensions, non-market policies, critical minerals supply chains and financial technology, including frontier AI. It highlights risks from energy, food and fertilizer disruptions, calls for safe navigation through the Strait of Hormuz, supports enhanced IMF monitoring of global imbalances, and restates the May 2017 exchange rate commitment. Ueda noted emerging effects of the Middle East shock on Japan’s exports, industrial activity and prices, and said the Bank of Japan will assess bond market conditions and its government bond purchase reduction plan at the June interim evaluation.
Policy & regulationCooperationCross-border cooperation
-
2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency summarized Minister Katayama’s explanation to the House of Councillors on the report to the National Diet regarding measures under Article 5 of the Act on Emergency Measures for the Rehabilitation of Financial Functions. From April 1 to September 30, 2025, there were no new dispositions, monetary gifts or asset purchases by the Deposit Insurance Corporation, while cumulative monetary gifts remained at JPY 19.031 trillion, cumulative asset purchases at JPY 6,519.2 billion, and government-guaranteed borrowings at JPY 344.5 billion.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
-
2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has published for comment a draft amendment to the Regulations on the Accounting of Investment Corporations. The proposal would permit investment corporations to deliver asset management reports and related documents to investors by posting them on a website.
Policy & regulationRules & requirementsAccounting and financial reporting
-
2026-05-26•United States•U.S. Department of Justice
The U.S. Department of Justice sentenced Greg Lindberg, founder and chairman of Eli Global LLC and owner of Global Bankers Insurance Group, to 12 years in prison for a bribery conspiracy and multibillion-dollar fraud and money laundering scheme that bankrupted multiple insurance companies. Lindberg and co-conspirators allegedly diverted more than USD 2 billion of insurance company funds into affiliated entities, concealed their true financial condition, and paid millions to influence the North Carolina insurance commissioner, leaving victims owed over USD 1 billion and prompting rehabilitation and liquidation proceedings.
EnforcementInvestigations & enforcement actionsBribery and corruptionFraud and scams
-
2026-05-26•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services reported that Nuevo León accounted for 4.3% of national complaints in the first four months of 2026, with 4,122 cases, a 14.7% year-on-year increase, and MXN 14.1 million recovered, while 41.9% of cases were resolved in users’ favor. Multiple banking institutions generated 67.3% of complaints, mainly related to unrecognized charges and abusive collection practices, with credit cards, debit cards and personal loans driving most cases and 33.8% of all complaints involving possible fraud.
Data & statisticsComplaints and dispute resolution
-
2026-05-26•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
The Ministry of Finance of Trinidad and Tobago met with the Bankers Association of Trinidad and Tobago to review market conditions, the state of the economy and collaboration with the Central Bank and banking sector, including proposed legislative improvements for the financial sector. The ministry described the engagement as constructive, with participants stressing continued dialogue, practical collaboration, market stability and public confidence, and linked it to a broader consultation programme with key stakeholders.
Policy & regulationCooperationDomestic cooperation
-
2026-05-26•Russia•Ministry of Finance (Russia)
Russia’s Ministry of Finance reported Deputy Prime Minister Dmitry Chernyshenko urging closer coordination among “global majority” countries to counter technological and informational dominance, unequal economic relations, rising digital financial threats, and to expand access to AI development. He highlighted financial security education initiatives, including the International Financial Security Olympiad and Movement, and new institutional support such as the MGIMO-coordinated Value Sovereignty research centre, which will develop an international value sovereignty index.
Policy & regulationReform agendas & prioritiesGeopolitical risk