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2026-05-26•Canada•Canadian Bankers Association
The Canadian Bankers Association told a parliamentary committee it supports draft French-language regulations for federally regulated private businesses but wants compliance flexibility for banks. It highlighted challenges for smaller institutions and for hiring in some designated francophone regions. The association also called for a substantial implementation period and plans to participate in the consultation.
Policy & regulationOther
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2026-05-26•Spain•Bank of Spain
The Bank of Spain’s 2025 Financial Inclusion Report finds that in-person access to banking services and cash improved between 2021 and 2024, driven mainly by mobile branches, despite fewer branches and ATMs. Municipalities and people without access fell significantly, especially older people and rural communities, though 32.4% of municipalities still lack access. The report highlights persistent barriers for irregular migrants, including scarce basic payment accounts and anti–money laundering constraints, and calls for stronger financial education, easier account access, product and practice changes, and notes supporting measures in the draft law on the Financial Customer Ombudsman Authority.
ResearchFinancial inclusion
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2026-05-26•Global•World Federation of Exchanges
The World Federation of Exchanges has published draft Transition Equity Principles, an industry-backed framework for exchanges to establish Transition Equity Designations for listed companies on credible decarbonisation pathways, aiming to improve capital access and provide investors with decision-useful information. Developed by the WFE Sustainability Working Group with input from its Transition Equity Principles Consultative Committee, the draft builds on the WFE Green Equity Principles and its Practical Guide for Issuers on Accessing Transition Finance, and seeks to bring clarity, consistency and rigour to transition equities.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable financeGreen taxonomy
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2026-05-26•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia announced a gradual rollout of the instant payments system across the public sector with banks, savings banks and payment systems operator Bankart, extending the application of the Instant Payments Regulation. The Slovenian Pension and Disability Insurance Institute will use instant payments for pensions from 29 May, with all domestic SEPA credit transfers to migrate to the instant payments system and the existing pension payment system to be discontinued by the end of September.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-05-26•San Marino•Central Bank of San Marino
The Central Bank of San Marino shareholders’ meeting approved the 2025 Annual Report, reporting net profit of EUR 11.17 million, the highest since 2010, and allocated the full amount to the General Financial Risk Fund, raising equity to EUR 64.12 million. The bank cited higher net interest income and financial operations as key drivers, alongside balance sheet growth to EUR 857.66 million and strengthening of the domestic banking sector, and reappointed Monica Zafferani as Statutory Auditor for a further three-year term.
Institutional developmentGovernanceOperational excellence
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2026-05-26•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority warned that individuals are falsely claiming to represent Jade Capital OEIC Ltd and circulating a fabricated AFSA licence while offering financial services and taking client funds. AFSA clarified that the licence was never issued, that Jade Capital OEIC Ltd is only registered as an investment fund, and reminded the public that under the Astana International Financial Centre framework only the fund manager may hold the licence and that authorisations should be verified via its Public Register.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-05-26•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
The Trinidad and Tobago Ministry of Finance has extended the mandatory registration deadline for the Landlord Business Surcharge to June 30, 2026, to allow landlords and rent-collecting agents more time to register and avoid penalties. The surcharge, introduced under the Finance Act, 2025, applies at 2.5 percent or 3.5 percent of actual gross quarterly rental income depending on whether income is at or below, or above, TT$20,000, carries a one-time TT$2,500 registration fee, and is payable quarterly. Registration forms are available via the Inland Revenue Division website, with completed physical forms and supporting documents accepted only at the Port of Spain, San Fernando, Tunapuna and Tobago regional offices.
Policy & regulationRules & requirementsLicence approval
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services published results of its 2025 financial transparency review of eight regulated multiple purpose financial companies (SOFOM E.R.) offering current account credit and personal loans, finding that none met the transparency standard. The review identified persistent deficiencies in disclosure of commissions, complaint and contract termination procedures, account statements and receipts, website information, and product-specific terms, despite some score improvements after remediation. CONDUSEF said the breaches remain subject to sanctions and that it will continue supervisory work on financial transparency.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency review of payroll loans from eight unregulated multiple purpose financial institutions, finding six compliant after remediation and awarding them the maximum score of 10, with the average score rising from 5.1 to 8.9. The review focused on disclosure in contracts, statements, websites and advertising, identified widespread deficiencies in key terms and required disclosures, and did not assess pricing or product value. CONDUSEF said remediation does not preclude sanctions and that it will continue supervisory actions.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency supervision of 13 unregulated multiple-purpose financial companies offering simple credit, reporting an average score improvement from 3.0 to 8.8 after remediation. The review identified deficiencies in contract terms, disclosure of interest and commissions, account statements, amortization tables and website information, and confirmed that subsequent corrections do not exempt institutions from sanctions or further measures.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency supervision of 10 unregulated multi-purpose financial entities (SOFOM E.N.R.) offering current account credit, reporting an average score improvement from 3.2 to 8.0 after remediation, with seven institutions achieving a score of 10. The review focused on transparency and quality of user information in contracts, disclosures, statements and websites, and identified deficiencies in key terms, fee and interest disclosures, use of unregistered contracts, incomplete forms and website omissions. CONDUSEF noted that the exercise does not preclude sanctions.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-26•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has required all financial institutions to report quarterly sex-disaggregated data on MSME financing. Firms must report women’s ownership shares in MSME clients and credit application outcomes, including rejections and reasons, with the first submission based on Sept. 30, 2026 data. The rule embeds WE Finance Code reporting into the supervisory framework after a voluntary pilot launched in 2023.
SupervisionRegulatory reportingDiversity and inclusion
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) published 2025 results of its financial transparency review of financial leasing by 10 non-regulated multiple purpose financial institutions, finding seven initially met disclosure rules and that corrective actions raised the average score from 1.4 to 8.8. The review identified deficiencies in contract and website disclosures, including missing early termination and advance payment procedures, prohibited or inconsistently disclosed commissions, unclear payment and interest terms, and incomplete account statement notices. CONDUSEF stressed that remediation does not preclude sanctions and that it will continue supervisory actions.
SupervisionReviews, inspections & stress testsConsumer and investor protectionDisclosures
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2026-05-26•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick has launched Finfo.ca, a consumer education program to help New Brunswickers understand financial choices in areas the Commission regulates. The site offers interactive tools and guidance on saving, investing, borrowing and fraud protection, and will become the primary hub for consumer education content as FCNB.ca shifts focus to the Commission’s regulatory role and information for regulated sectors.
Financial literacy & educationFinancial literacy and education
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2026-05-26•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia has ended the Commercial Bank of Ethiopia’s exclusive role in processing export-related banking services for goods bound for China. From May 26, 2026, all licensed commercial banks may issue export permits, manage documentary credits and handle related transactions, subject to existing foreign exchange and export rules.
Policy & regulationRules & requirementsCross-border payments
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2026-05-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
In an interview, Executive Board Member Rikke-Louise Petersen outlined how the EU’s Anti-Money Laundering Authority is approaching supervision and private-sector engagement, urging firms to move beyond tick-box compliance, embed AML awareness at board level and prepare before rules are finalised. She noted AMLA’s work on regulatory technical standards, highlighted the benefits of combining supervision and financial intelligence unit coordination in one authority, and said AMLA plans more structured private-sector engagement beyond formal consultations.
SupervisionSupervision approach, priorities & toolkitAML and CFT
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2026-05-26•Global•Egmont Group
The Egmont Group reported on Vice-Chair Mohammed Shahid Ahmed’s intervention at an international conference in Taipei, where he stressed that Financial Intelligence Units are central to cross-border asset recovery and that speed, coordination and trusted intelligence exchange are critical. He highlighted an Information Exchange Working Group report on FIUs’ role in asset recovery, the ongoing Increasing FIUs’ Effectiveness in the Asset Recovery Process initiative, and a joint Egmont Group, Financial Action Task Force, INTERPOL and United Nations Office on Drugs and Crime handbook on international cooperation for money laundering cases.
Policy & regulationCooperationAML and CFT
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2026-05-26•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority has updated its Risk-Free Rate Technical Documentation and published three spreadsheet examples, setting out how risk-free interest rate term structures will be calculated under the revised Solvency II framework from 30 January 2027. The revision reflects amendments to the Solvency II Directive and Commission Delegated Regulation (EU) 2015/35, introduces changes to interpolation, extrapolation and the undertaking-specific volatility adjustment, and provides more detailed methodological and mathematical descriptions, while deferring this year’s depth, liquidity and transparency assessment and representative portfolio updates.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2026-05-26•Albania•Bank of Albania
The Bank of Albania hosted National Bank of Austria Governor Martin Kocher for his first official visit, highlighting strengthened institutional cooperation in the context of Albania’s European integration and alignment with EU regulatory and supervisory standards. Discussions with the central bank, banking sector representatives and the prime minister covered economic and financial developments, banking sector modernisation, geopolitical and real estate risks, technological change and cybersecurity, and prospects for deeper financial and capital markets cooperation.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Moldova•National Bank of Moldova
The National Bank of Moldova adopted amendments to its regulatory acts on reporting the own funds requirement for operational risk. The changes will apply from 1 January 2027, except for point 4, which takes effect from 26 May 2026.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-26•Ghana•Securities and Exchange Commission Ghana
Securities and Exchange Commission Ghana has published the latest Financial Stability Review, which assesses developments in Ghana’s financial system and policies aimed at mitigating financial stability risks. The edition adds sections on Financial Stability Council initiatives and Systemic Risk Survey results, and includes special features on mutual evaluation, deposit insurance, microfinance reforms, FinTech and payment system risks, and green bonds regulation.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-05-26•Albania•Bank of Albania
The Bank of Albania hosted Austrian National Bank Governor Martin Kocher for his first official visit to strengthen cooperation, focusing on economic and financial developments, Albania’s European integration and regional banking sector issues. Discussions covered aligning Albania’s regulatory and supervisory framework with EU standards, the impact of technological change and financial innovation, and managing geopolitical, real estate, technological and cyber risks while deepening European capital markets.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Hungary•National Bank of Hungary
Hungary’s Monetary Council kept the Magyar Nemzeti Bank base rate at 6.25 % and the policy corridor at 5.25 %–7.25 %, citing a still-fragile inflation outlook and geopolitical risks. It will maintain positive real rates and support forint stability, with April inflation down to 2.1 %-2.2 % and future moves to be guided by incoming data and the June Inflation Report.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-26•Kenya•Kenya Capital Markets Authority
The Kenya Capital Markets Authority has licensed Moneto Ventures and Pesa Bridge as Intermediary Service Platform Providers under the collective investment schemes framework. The approvals cover digital platforms that connect retail investors to collective investment schemes. Moneto’s Chumz platform had previously completed testing in the Authority’s regulatory sandbox.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-26•Global•International Financial Reporting Standards Foundation
The International Financial Reporting Standards Foundation and the Global Reporting Initiative issued a joint statement on using GRI Standards and International Sustainability Standards Board standards together, noting that resulting disclosures can be complementary while serving distinct purposes. The statement outlines common disclosures the Global Sustainability Standards Board and the International Sustainability Standards Board have aligned and highlights ongoing cooperation to support more efficient reporting.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-05-26•Poland•Ministry of Finance (Poland)
The Polish Ministry of Finance announced that the Council of Ministers adopted a draft law amending the Banking Law to tighten governance requirements for the largest banks, expand the Polish Financial Supervision Authority’s (KNF) powers over significant bank transactions, and align with European Union requirements. The bill would subject key management and supervisory appointments to KNF approval, require prior notification of major transactions, and introduce post-employment conflict-of-interest rules for KNF leadership and staff.
Policy & regulationRules & requirementsCorporate governance
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2026-05-26•Canada•Bank of Canada
The Bank of Canada’s External Deputy Governor Nicolas Vincent said Canada’s labour market has shifted to mild excess supply, with slower employment growth, a lower employment rate and unemployment around 6.5%–7%, and that some weakness may reflect structural rather than cyclical factors. He highlighted low turnover, rising long-term unemployment and deteriorating conditions for young people, and said the Bank is using microdata, surveys, regional and scenario analysis, and a new multi-sector model to distinguish structural change from cyclical weakness and assess implications for inflation and monetary policy.
Monetary policyMonetary policy assessments & outlooks
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2026-05-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank’s Financial Stability Overview concludes that the largest Dutch banks, insurers and pension funds would remain resilient under a severe shock from a prolonged Gulf conflict and persistently high oil prices, supported by strong buffers. Stress tests show lower profits and higher losses but no threat to stability, while DNB highlights macroeconomic risks from sustained high energy prices, elevated AI-driven equity valuations and rising cyber risk under the Digital Operational Resilience Act.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskStress testing
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2026-05-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank’s semiannual Financial Stability Overview flags cyber and operational risks, driven by rapid advances in artificial intelligence and heightened geopolitical tensions, as a major threat to financial stability, with geo-economic fragmentation and prolonged higher energy prices remaining key risk drivers. Stress tests indicate Dutch banks can absorb losses from a Middle East conflict escalation within existing capital buffers, while the bank also highlights rising private credit exposures of large insurers and rapid global stablecoin market growth as emerging vulnerabilities.
SupervisionRisk monitoring & watch pointsCyber resilienceGeopolitical risk
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Finance Ministry reports that the current pipeline of state and municipal companies planning IPOs or strategic investors by 2027 will not meet medium-term capital market goals. It proposes joining EU initiatives, adjusting savings and tax rules, promoting savings bonds and other instruments, expanding company financing options, and advancing the legal framework for REITs, securitisation, investor representation and market infrastructure. Citing OECD findings and stakeholders, it notes few large market-ready firms, a weak start-up ecosystem, limited venture capital, low domestic institutional investor activity and the need to improve state-owned enterprise governance.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance announced that the Cabinet has taken a conceptual decision for Latvia to join Bruegel, a Brussels-based economic policy think tank, to support preparations for Latvia’s presidency of the Council of the European Union in the second half of 2028 and strengthen its role in shaping EU economic and financial policy. Membership would provide access to independent analytical expertise, closer cooperation with European researchers and policymakers, and participation in Bruegel’s expert discussions and conferences.
Policy & regulationCooperationOther
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance announced Cabinet approval of a 13‑bill package transferring registration, licensing and supervision of nonbank consumer lenders and credit intermediaries, plus financial consumer protection and oversight of unfair practices and advertising, from the Consumer Rights Protection Centre to the Bank of Latvia. The reform consolidates supervision, data analysis and consumer protection in a single risk-based supervisor, aligns related financial, anti-money laundering, sanctions and advertising laws, and responds to MONEYVAL’s call for stronger coordination and more efficient resource use.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Georgia•National Bank of Georgia
The National Bank of Georgia clarified that three UK‑sanctioned virtual asset companies were unregistered, not regulated by the central bank and therefore outside its supervision. It said it had identified the unauthorized activity, shared information with law enforcement in September 2025, and taken supervisory measures, with investigations ongoing and some liability already established. The bank added that its virtual asset service provider framework aligns with Financial Action Task Force standards and that Moneyval’s 2024 assessment rated Georgia largely compliant with Recommendation 15.
Policy & regulationGuidance & interpretationNew sanctions designations
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2026-05-26•Global•International Monetary Fund
The International Monetary Fund has published a Departmental Paper assessing long-run inflation expectations in Latin America during the post-COVID inflation shock, finding that modern monetary frameworks generally kept long-run beliefs stable despite large shocks. The study reports that expectations have moved closer to central bank targets over the past two decades, that stronger anchoring dampened the inflationary impact of external shocks, and that credibility responds asymmetrically, with dovish surprises eroding anchoring more than hawkish surprises.
ResearchOther
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2026-05-26•Denmark•National Bank of Denmark
The National Bank of Denmark’s biannual Financial Stability analysis highlights heightened risks from geopolitical shocks, rapid house price growth around Copenhagen and cyberattacks, and advises against easing lending rules that limit household debt. It finds systemic credit institutions remain profitable and resilient under severe stress tests, though some may need higher capital targets, and notes limited direct Danish exposure to private credit but potential for international spillovers. It also calls for stronger operational resilience, including central storage of critical customer data and an emergency bank solution to maintain basic services in extreme disruptions.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskGeopolitical risk
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2026-05-26•Global•International Monetary Fund
The International Monetary Fund’s 2026 Article IV staff concluding statement on Lithuania notes that current solid growth is driven by temporary demand factors that are adding to inflation pressures and recommends a tighter fiscal stance from 2026 and a credible medium-term strategy to preserve buffers. It projects 2.9 percent growth and 5.2 percent average inflation in 2026, warns of risks of weaker growth and higher inflation, and advises permanent revenue measures, targeted energy support, selective spending reprioritization and stronger fiscal council independence to contain rising debt. The statement finds the financial system sound but calls for readiness to tighten macroprudential policy if credit and house price growth accelerate, and highlights structural reforms in labour and capital markets, technology and energy resilience as key to longer-term growth.
Policy & regulationReform agendas & prioritiesOther
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2026-05-26•Global•International Monetary Fund
IMF staff, drawing on a departmental paper, find that Latin America’s well‑anchored inflation expectations should help cushion the latest oil price shock from Middle East conflict by limiting pass‑through from higher import to consumer prices. The paper credits reforms over the past 25 years—especially inflation targeting, greater central bank independence, and reduced fiscal dominance—but warns credibility is fragile and that loose monetary policy can erode expectations more than tight policy strengthens them. It concludes that regime choice is context‑dependent, that inflation targeting can work under difficult conditions with strong transparency and accountability, and that fiscal support and low dollarization are important for disinflation.
Research
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2026-05-26•Russia•Central Bank of Russia
The Central Bank of Russia reported that households’ one-year-ahead inflation expectations in May edged up to 13.0% from 12.9% in April and remained elevated. The consumer sentiment index rose on improved assessments of personal wealth, the economy and consumer market conditions, while business price expectations declined.
Data & statisticsEconomic data and developments
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2026-05-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market held a two-day staff training on implementing the European Union crowdfunding regulation, supported by the EU’s Ukraine2EU initiative. The programme focused on platform operating rules, licensing, investor protection, supervisory models and key risks to prepare the regulator to oversee crowdfunding platforms and align Ukrainian legislation with EU standards.
Institutional developmentCooperation & capacity buildingCrowdfunding
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2026-05-26•Russia•Central Bank of Russia
The Central Bank of Russia reported that its Business Climate Index fell to 1.7 points in May from 2.1 points in April, as firms became more cautious about output and demand over the next three months despite a more positive assessment of current demand. Business price expectations also declined month on month and on average moved below 2024–2025 levels, according to the May monitoring commentary.
Data & statisticsEconomic data and developments
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2026-05-26•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The Kyrgyz Republic’s State Service for Regulation and Supervision of Financial Markets has intensified monitoring of virtual asset market participants to improve transparency and stability and prevent breaches of virtual asset rules, terrorist financing, money laundering and sanctions evasion. Supervisory focus will include compliance with virtual asset legislation, customer due diligence, suspicious transaction reporting, sanctions measures, and the effectiveness of internal compliance and risk management systems. The authority will continue to cooperate with domestic agencies, international partners and industry participants in line with international standards such as the Financial Action Task Force recommendations.
SupervisionSupervision approach, priorities & toolkitRegulatory sandbox
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2026-05-26•Hong Kong•Hong Kong Securities & Futures Commission
The Financial Services & the Treasury Bureau and the Hong Kong Securities & Futures Commission have issued consultation conclusions on proposals to regulate virtual asset advisory and management service providers under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The regimes will align with Type 4 and Type 9 activities under the Securities and Futures Ordinance and complement Hong Kong’s proposed virtual asset dealing and custody regimes. The authorities aim to introduce a bill into the Legislative Council in 2026 and encourage firms to engage early with the SFC for pre-application discussions.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has launched a consultation on updated guidelines for standardised procedures and messaging protocols to support the European Union’s move to a T+1 settlement cycle. The draft changes mandate electronic, standardised communication channels and international messaging standards for allocations and confirmations, removing non-electronic methods except in temporary technical disruptions, and align the guidelines with proposed amendments to the Regulatory Technical Standards on Settlement Discipline.
Policy & regulationGuidance & interpretationMarket infrastructure
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2026-05-26•China•Central Bank of the Republic of China
The People's Bank of China Deputy Governor Xuan Changneng met SWIFT Chief Executive Javier Perez-Tasso to discuss bilateral financial cooperation. The parties exchanged views on strengthening collaboration between the central bank and SWIFT.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Europe•European Central Bank
The European Central Bank published a Working Paper Series study on how carbon pricing under the EU Emissions Trading System affects employment, using quarterly microdata from 23 EU countries between 2007 and 2019. It finds that an exogenous 1 percent increase in EU-ETS prices reduces aggregate employment by about 0.2 percent after roughly 18 months, with a much larger impact on more polluting jobs, and that effects are stronger where fewer emissions are covered by free allowances and weaker where employment protection legislation is stricter.
ResearchCarbon markets
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2026-05-26•Europe•European Central Bank
The European Central Bank published blog analysis of first quarter 2026 Survey on the Access to Finance of Enterprises data around the 28 February outbreak of the United States–Iran war, indicating an immediate supply-driven shock for euro area firms. Firms sharply raised expectations for non-labour input costs, selling prices and one-year inflation, became more pessimistic on near-term turnover, investment and bank loan availability, and reported the strongest deterioration in energy-intensive sectors such as construction and transportation. Wage cost expectations and three- and five-year inflation expectations remained broadly stable, suggesting firms viewed the shock as temporary.
ResearchGeopolitical risk
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2026-05-26•Europe•European Central Bank
The European Central Bank has published a working paper proposing a sequential deep learning method to solve dynamic stochastic general equilibrium models without a pre-computed starting approximation. The authors report that relatively shallow networks offer the best accuracy-cost trade-off and that, in a two-country open-economy model, the method captures strongly non-linear tariff shock responses, including exchange-rate sign reversals that local solution methods miss.
ResearchArtificial intelligence
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2026-05-26•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of a foreign exchange purchase auction with seven participants and accepted bid sizes between USD 400,000 and USD 10,215,000. The weighted average rate on accepted bids was 9.2559 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-26•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission urged shareholders of Origin Global Empire Public Company Limited to carefully review materials and the independent financial advisor’s recommendation to reject a proposed disposal of all DRJ Group subsidiaries and related acquisitions of Multita Co., Ltd. and newly issued shares in SPT X Public Company Limited. The authority also wrote to EMPIRE’s board and audit committee, stating that their response did not adequately address concerns over the reliability of information on Multita and SPTX.
SupervisionAlertsCorporate governance
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2026-05-26•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission is consulting on revisions to net capital requirements and digital asset custody rules for digital asset business operators, alongside changes to the capital framework for securities and derivatives firms. Proposals introduce counterparty, settlement and fund management risks into the NC-1 approach, recalibrate net capital for digital asset custodians, align capital rules and cessation thresholds with mixed traditional and digital asset activities, broaden the definition of derivatives business operators, and update net capital reporting.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2026-05-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority relayed a warning from Hong Kong Interbank Clearing Limited about fraudulent Faster Payment System Facebook advertisements that impersonate FPS and seek users’ credentials by requesting Hong Kong identity card scans for purported lending. HKICL clarified it has no Facebook channel and does not usually contact individuals, and the public was urged to treat suspicious communications with caution, protect personal data, and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
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2026-05-26•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has updated its potential GDP and output gap estimates, projecting moderate potential growth of 3.38 percent in 2026, 3.32 percent in 2027 and 3.07 percent in 2028, with a small negative output gap of 0.26 percent in 2026 expected to close by the end of the period. It notes that real growth exceeded potential from 2022 to 2025, partly due to strong nominal wage growth in 2025, but stresses that potential growth remains too low for faster convergence with the European Union, underscoring the need for productivity gains and higher labour participation. The bank will refine its model by developing firm- and industry-level productivity estimates and replacing some assumptions with model-based estimates from next year.
Research
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2026-05-26•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets’ annual Financial Stability Report finds that the escalation of the conflict in the Middle East has worsened the global outlook and heightened valuation, liquidity, operational and cyber risks for financial firms. It highlights vulnerabilities in the Dutch TTF gas derivatives market, growing dependence on non-European digital infrastructure and AI-related fraud and market integrity risks, with investment fraud losses in the Netherlands estimated at about EUR 750 million. The report also flags private credit illiquidity and transparency issues and expects asset managers to strengthen liquidity risk management.
SupervisionRisk monitoring & watch points
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2026-05-26•Serbia•National Bank of Serbia
The National Bank of Serbia has published a draft Law on Credit Institutions to strengthen bank regulation and align Serbia’s framework with European Union requirements under Chapter 9 of the accession negotiations. The draft transposes the European Union regime on access to credit institution activities and prudential supervision under Directive 2013/36/EU and on recovery and resolution of failing credit institutions and investment firms under Directive 2014/59/EU.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has required individuals listed in an attached notice to pay a fee of VND 1,000,000 per securities practice certificate to complete the licensing process, in line with the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment may be made by bank transfer or in person, and certificates will be cancelled if recipients do not complete the collection procedure within one year of the fee payment notice.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2026-05-26•Sri Lanka•Central Bank of Sri Lanka
The Central Bank of Sri Lanka raised the Overnight Policy Rate by 100 bps to 8.75%, after holding at 7.75% in January and March 2026, citing inflation above target, stronger demand and intensifying external sector pressures amid domestic and global uncertainty. It said April 2026 headline inflation rose to 5.4% year on year on domestic energy price adjustments linked to high oil prices, while credit growth, credit-driven imports, a wider fuel-led trade deficit, slower tourism earnings and recent rupee depreciation pressure supported tighter policy.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has opened a public consultation on a draft resolution to amend several regulatory acts on the licensing and regulation of specialized financial organizations. The consultation seeks stakeholder feedback on the proposed changes.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission rejected a proposed settlement in an administrative proceeding against the CEO and CFO of REAG Capital Holding S.A., after its settlement committee found the case inseparable from other ongoing proceedings involving the REAG group and related parties. The case concerns alleged failures by REAG Capital Holding to disclose full annual and standardized financial statements for 2024 and to prepare quarterly information forms for the first and second quarters of 2025, potentially breaching Article 176 of Brazil’s Corporations Law and Article 31 of CVM Resolution 80.
EnforcementInvestigations & enforcement actions
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2026-05-26•Global•Bank for International Settlements
The Bank for International Settlements published research showing that supervisory scrutiny alone can significantly increase banks’ cybersecurity spending, based on the European Central Bank’s 2024 cyber resilience stress test for 109 large euro area banks. The announcement of the qualitative test, which had no capital consequences and did not disclose bank-level results, was associated with a 45% rise in sector-wide cybersecurity investment, with prior underinvestors increasing spending by about 80% and adjusting outsourcing, staffing and cyber insurance in response to more intensive supervisory follow-up.
Research
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2026-05-26•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency reported U.S. house prices rose 1.7 percent between the first quarter of 2025 and the first quarter of 2026, with a 0.5 percent quarterly increase and a 0.1 percent monthly gain in March. Price gains occurred in 42 states and 65 of the 100 largest metropolitan areas, with Illinois and the Elgin, Illinois metro area recording the strongest annual increases and Colorado and Austin-Round Rock-San Marcos, Texas posting the largest declines. FHFA also expanded its Expanded-Data House Price Index coverage from 50 to more than 400 metropolitan areas.
Data & statisticsFinancial and market indicators
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2026-05-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, together with domestic partners, announced Digital Finance Day 2026 under the theme Smart Payments Driving Digital Finance, recasting the annual No Cash Day into a broader digital finance initiative. The programme positions cashless payments as the foundation for wider access to modern financial services, highlights growth to 25.2 billion transactions worth over VND 362 quadrillion by end-2025, and includes QR code migration in key commercial areas and public events, plus education on safe digital finance and new rules for household businesses.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-05-26•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority has issued Circular No. 5/2026 to revoke the extraordinary supervisory measures and additional monthly reporting regime introduced during the COVID-19 pandemic and extended in 2022, effective from the May 2026 reference period. The move repeals Circular Letters No. 4/2020 and No. 10/2020 and Circulars No. 5/2020, No. 6/2021 and No. 6/2022, as regular reporting is deemed sufficient, while reserving the option to reintroduce exceptional measures if macroeconomic conditions deteriorate.
Policy & regulationRules & requirementsGeopolitical risk
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2026-05-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam used the launch of its 2026 Digital Finance Day programme to outline a digital finance agenda focused on revising the legal framework for digital banking and non-cash payments, upgrading national payment infrastructure, and expanding bilateral cross-border QR retail payments, with an emphasis on data protection and system security. It reported strong growth in non-cash payments, high levels of digitalisation in banking operations, and active use of its SIMO fraud monitoring system, and plans further legal revisions and broader deployment of standardised payment QR codes and cross-border QR links.
Policy & regulationRules & requirementsPayments and payment systemsFinancial inclusion
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2026-05-26•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority published a thematic review of retail instant credit transfer services, finding that instant payments generally meet the 10-second execution requirement but that customer communication and some security practices fall short of regulatory expectations. It calls on banks to strengthen security limits, payee verification warnings, fraud monitoring and risk-based automatic blocking, and will monitor remediation of shortcomings, including in sanctions screening linked to the Instant Payments Regulation.
SupervisionReviews, inspections & stress testsPayments and payment systemsFraud and scams
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2026-05-26•Global•Bank for International Settlements
The Bank for International Settlements published a research volume for emerging market economy Deputy Governors on how post-crisis shifts in capital flows, exchange rates and global financial conditions are reshaping EME financial structures and policy choices. The papers find a move from bank lending to bond and equity financing, greater local currency use, larger resident outflows, a bigger role for non-bank financial institutions and stronger intraregional integration, which have supported resilience but left domestic conditions heavily influenced by global factors, especially the US dollar. The volume highlights evolving use of policy rates, foreign exchange intervention, macroprudential tools and financial conditions indices, and flags the growing importance of NBFIs, deeper foreign exchange markets and the potential impact of cryptoassets and stablecoins on capital flows and monetary policy.
ResearchCross-border paymentsForeign exchange policy and markets
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2026-05-26•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 Kazakhstan reminded policyholders of the simplified Europrotocol procedure for filing compulsory motor insurance claims at accident scenes without traffic police or courts, subject to valid insurance, loss limits, agreed fault, and no injuries or third‑party damage. Claims must be submitted via designated mobile apps or insurers’ websites using digital identification and on-site photo and video evidence, and drivers must remain until insurer confirmation. The agency reported 27,822 accidents processed and KZT 5.5 billion paid under Europrotocol, noting faster payments and reduced pressure on roads and courts.
Policy & regulationGuidance & interpretationOther
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2026-05-26•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on Sem & Johnsen Oppgjør og Administrasjon AS identifying multiple errors in real estate settlements and concluding that the firm’s internal control system was not adequately designed to prevent serious failures. It highlighted weaknesses in settlement practices under the Housing Construction Act and in anti-money laundering compliance, noting that most breaches occurred before 1 July 2025, when the administrative penalty provision took effect. The firm has tightened routines, enhanced training and controls, committed to updating its anti-money laundering risk assessment and procedures, and was instructed to share the report with its auditor.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2026-05-26•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway reported that the share of new loans granted under flexibility quotas outside the lending regulation’s requirements rose slightly in the first quarter of 2026, covering residential mortgage loans, consumer loans and loans secured on assets other than housing. The report is based on quarterly data from a sample of Norwegian and foreign financial undertakings on total lending volumes and deviations from each regulatory requirement.
SupervisionRisk monitoring & watch pointsLending
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2026-05-26•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority suspended trading in BioSenic financial instruments (ISIN BE0974280126) on Euronext Brussels at the company’s request. The suspension took effect at 10:40 CET on 26 May 2026 and will remain in place until the publication of a press release.
SupervisionAuthorisations & approvalsTrading
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2026-05-26•Global•World Bank
The World Bank’s Spring 2026 Afghanistan Development Update reports real GDP grew 4.8 percent, but rapid population growth, weak investment, and structural constraints caused a 5.6 percent fall in GDP per capita and worsening living standards. Inflation reached 7.6 percent by March 2026, the current account deficit widened to 36.1 percent of GDP, and declining external grants constrained infrastructure and shock response despite stronger domestic revenue collection. The World Bank projects growth to slow to about 4 percent in 2026 and calls for stronger private sector policies, better access to finance, and higher infrastructure investment to sustain recovery.
Research
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2026-05-26•Laos•Bank of the Lao
The Bank of the Lao briefed industry on subordinate rules under the revised Law on Payment Systems, detailing the supervisory framework for payment system operators and payment service providers, including licensing, service categories, governance, reporting, monitoring and inspection requirements. The session also covered rules on fintech testing, payment and electronic money services, and presented findings from 2025 inspections highlighting outstanding compliance issues for providers to address.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-05-26•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission reported that premium revenue from new foreign-currency denominated life insurance policies reached about TWD 148.996 billion at end-March 2026, up 50% year on year from TWD 99.476 billion. Investment-linked products contributed TWD 23.936 billion, or about 16% of the total, up 54% year on year, while traditional products contributed TWD 125.06 billion, or about 84% of the total, up 49% year on year.
Data & statisticsFinancial and market indicators
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2026-05-26•India•Insurance Regulatory and Development Authority of India
The Insurance Regulatory and Development Authority of India has amended its Master Circular on Corporate Governance to revise performance parameters for key management persons at insurers, shifting emphasis towards customer outcomes, governance, and transparent disclosures. Performance is now tied to financial soundness, product performance, claim responsiveness, grievance redressal, removal of dark patterns, and enhanced disclosures, including multi-year, comparable data in accessible formats. IRDAI also signalled further work on a sector-wide framework and benchmarking key management person remuneration.
Policy & regulationRules & requirementsCorporate governance
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2026-05-26•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank has amended its ordinance on capital buffers, combined buffer requirements, distribution restrictions and recommendations for additional own funds. The changes ensure that information produced under the ordinance can be submitted to the European Single Access Point and introduce formatting requirements to enable machine search, filtering and analysis.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-26•South Africa•South African Reserve Bank
The South African Reserve Bank reported that the composite leading business cycle indicator rose 2.4% in March 2026, driven by faster real M1 growth, a wider long-term government bond–Treasury bill yield spread, and gains in export commodity prices, approved building plans, new passenger vehicle sales and job advertisements. The composite coincident indicator fell 0.1% and the lagging indicator rose 0.6% in February 2026, reflecting weaker manufacturing capacity utilisation and industrial production, while some component series were unavailable and the indicators remain subject to revision.
Data & statisticsEconomic data and developments
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2026-05-26•Ireland•Central Bank of Ireland
The Central Bank of Ireland Deputy Governor outlined a positive stance on tokenised finance, stressing system-wide coordination, interoperable infrastructure and central bank money as the anchor, while noting macrofinancial issues such as stablecoin growth, capital markets intermediaries and potential DLT fragmentation. He set out a three-part response: enabling DLT-based settlement in central bank money and advancing the Digital Euro; expanding eligibility of DLT-issued assets as Eurosystem collateral; and authorising and supervising MiCA entities while using the innovation sandbox and consultation to assess regulatory changes. The Bank will also support work on a longer-term European tokenised financial ecosystem.
Policy & regulationGuidance & interpretationTokenization
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2026-05-26•Ukraine•National Bank of Ukraine
The National Bank of Ukraine, the European Bank for Reconstruction and Development and Korn Ferry have launched a scoring self-assessment model for financial institutions that signed the Charter on Financial Inclusion and Reintegration of Veterans, to gauge their readiness to work with veterans as employers and financial service providers. The model assesses human resources policies, financial products and services using a maturity framework with differentiated benchmarks for small, medium and large institutions. Participants also discussed a Financial Inclusion Development Strategy, to be finalized by end-2026, with support for military personnel, veterans and their families as a key goal.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-05-26•Greece•Ministry of National Economy and Finance (Greece)
The Ministry of National Economy and Finance announced that Deputy Minister Nikos Papathanasis has submitted to the European Commission a EUR 1.63 billion Recovery and Resilience Facility payment request, covering 34 milestones and marking Greece’s eighth grants and seventh loans request. Greece has completed 112 of 130 reform milestones (86.15%), including health, employment, social cohesion, digital, and economic resilience measures, as well as milestones on EUR 11.5 billion of contracted loans and EUR 600 million-backed venture capital schemes. A final, ninth payment request is planned for September 2026.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2026-05-26•Denmark•National Bank of Denmark
The National Bank of Denmark’s biannual Financial Stability analysis finds Denmark’s risk outlook has worsened amid sharply rising house prices and heightened geopolitical and energy price uncertainty, and cautions against easing lending rules. It highlights more pronounced housing market warning signs in Copenhagen, increased but still limited use of mortgage-like bank loans, and potential spillovers from sharp global market price falls. The analysis notes banks’ high profits and stress tests indicate the sector can withstand a severe recession, though corporate borrowers could be vulnerable under significantly higher energy prices and interest rates.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-05-26•Global•Islamic Financial Services Board
The Islamic Financial Services Board’s 2026 Islamic Financial Stability Report finds the Islamic financial services industry expanded to about USD 4.4 trillion in assets in 2025, with growth across banking, capital markets and insurance and stronger momentum in non-bank segments. It warns that new hybrid products and balance-sheet structures are reshaping Islamic banks’ risk profiles in ways not fully captured by current frameworks, and calls for enhanced capital treatment, macroprudential monitoring and oversight of operational dependencies. The report also highlights rising external risks from geopolitical tensions and market volatility and urges more proactive risk management, stronger liquidity preparedness, forward-looking supervision and reinforced crisis management.
ResearchFinancial stability and systemic riskPrudential risks
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2026-05-26•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines now requires money service businesses to submit the Financial Reporting Package for MSBs in XML via the Prudential Reporting Innovation and Monitoring Engine under the BSP Relationship Management System. The rule covers remittance transfer companies, money changers, foreign exchange dealers, and virtual asset service providers, with an observation period before live submissions. Existing reporting standards and sanctions remain, and other MSB reports continue under current arrangements until further guidance.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-05-26•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has permanently banned former Nerico Brothers Limited responsible officer and director Paul Wan Kai Leung from the industry for his role in misusing and misappropriating client funds and providing false or misleading information. The SFC found that Nerico Brothers used over USD68 million of client funds for its own account, facilitated a scheme that misappropriated about USD154 million more, and submitted fabricated explanations and documents, with Wan authorizing transfers and executing facilitating documents. Wan withdrew his application to the Securities and Futures Appeals Tribunal to review the SFC’s August 2025 decision in May 2026.
EnforcementSanctions & designationsClient asset custody and safekeepingCorporate governance
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2026-05-26•Malaysia•Malaysia Securities Commission
The Securities Commission Malaysia reported that the Kuala Lumpur High Court has allowed its appeal and made absolute a garnishee order nisi against Goh Chin Liong and Leong Ah Chai, enabling recovery of the RM5.83 million judgment sum from a 2022 insider trading ruling involving WCT Berhad shares. The court also ordered each defendant to pay an additional RM5,000 in costs, and the regulator will proceed with recovery while the defendants’ main appeal remains pending before the Court of Appeal.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-26•Europe•European Central Bank
The European Central Bank published a special feature on stress in global private credit markets and implications for euro area financial stability, finding limited direct exposures and low systemic risk, with main vulnerabilities arising indirectly via leveraged loans, high-yield bonds and equities. Simulations show contained bank losses, larger losses for insurers and the largest relative losses for pension funds, driven mainly by second-round market revaluations. The ECB calls for closer monitoring, better data, a harmonised global definition of private credit, and for reviewing whether existing recommendations on liquidity mismatches and leverage in non-bank finance should apply more directly to private credit funds.
ResearchCredit riskFinancial stability and systemic risk
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2026-05-26•Uzbekistan•Ministry of Finance (Republic of Uzbekistan)
The Ministry of Finance of the Republic of Uzbekistan held an open dialogue with IT Park residents and other digital economy participants to identify sector issues and proposals, which it has forwarded to relevant ministries and agencies for review and action. Discussions focused on tax procedures for marketplaces and e-commerce platforms, the use of QR codes in goods classification, and measures to support artificial intelligence and other modern IT technologies.
Policy & regulationCooperationOther
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2026-05-26•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on Axactor Norway AS, finding the firm breached good debt collection practice by adding a 25 percent VAT-equivalent uplift to extrajudicial collection costs in cases for Axactor Capital AS, despite both entities being in the same VAT group. The authority states the uplift is only permitted where the creditor incurs non-deductible VAT, and expects Axactor Norway to repay overcharged debtors, restart unsettled cases with new notices, correct cases from the past three years and confirm changes to its collection routines, while also noting issues with client money reconciliation, risk management and ICT governance.
SupervisionReviews, inspections & stress testsOperational risk and resilienceOutsourcing and third-party risk management
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2026-05-26•Japan•Ministry of Finance (Japan)
Japan’s Ministry of Finance published year-end 2025 estimates of the international investment position, reporting external assets of JPY 1,805.6 trillion, external liabilities of JPY 1,243.9 trillion and a net position of JPY 561.8 trillion, up JPY 23.7 trillion from end-2024. Asset growth was driven mainly by portfolio and direct investment and by exchange-rate and other valuation effects, while liabilities rose largely through portfolio and other investment, with stock and bond price movements also affecting positions.
Data & statisticsBalance of payments and other external statistics
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2026-05-26•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service has designated 42 highly indebted business groups as 2026 main debtor groups, based on borrowings above KRW 2.5569 trillion and bank credit exposure above KRW 1.5032 trillion. These groups account for KRW 386.9 trillion of banks’ KRW 2,173.2 trillion enterprise credit and total borrowings of KRW 743.9 trillion. Principal creditor banks will assess their financial stability and implement restructuring and turnaround agreements for vulnerable groups to manage credit risk.
SupervisionRisk monitoring & watch pointsCredit riskSupervision process and methodologies
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2026-05-26•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has cancelled the Australian financial services licence of Global Pacific Solutions Group Pty Ltd, effective 20 May 2026, on the basis that the firm is no longer carrying on a financial services business. ASIC acted under section 915B(3)(a) of the Corporations Act; the firm held AFS licence 514164 since 24 February 2019 and may seek review by the Administrative Appeals Tribunal.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-05-26•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission reported that internal stress and liquidity tests show most life and non-life insurers maintain capital and liquidity well above supervisory requirements despite risks from the Middle East conflict. As of the fourth quarter of 2025, capital adequacy ratios were 442.4 percent for life insurers and 367.2 percent for non-life insurers against a 140 percent minimum. The regulator expects slower premium growth in 2026 amid weaker economic conditions and will continue to monitor conflict-related and global economic risks, focusing on more exposed lines such as travel, marine, aviation, energy, property and business interruption.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskStress testing
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2026-05-26•Uruguay•Central Bank of Uruguay
Central Bank of Uruguay kept the Tasa de Política Monetaria at 5.75 % for a second straight meeting after 325 bp of cumulative cuts since Oct 2025, citing anchored two-year inflation expectations at the 4.5 % target and ongoing disinflation. The Board noted a slight uptick in inflation risks from higher energy prices and tighter global yields and signalled readiness to act if needed.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-26•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance secured Cabinet approval for an amendment to the Foreign Exchange Transactions Act bringing cross-border virtual asset transfer businesses into the foreign exchange control framework. These businesses must register with the Minister of Economy and Finance and report cross-border transfer details via the Bank of Korea’s foreign exchange electronic network, with data shared with tax, customs, supervisory and financial intelligence authorities. Non-compliant operators will face sanctions comparable to those applied to existing foreign exchange institutions.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2026-05-26•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported that the delinquency rate on domestic banks’ won-denominated loans fell to 0.56% at end-March 2026 from 0.62% a month earlier, but remained above 0.53% a year earlier. The improvement reflected higher resolved loans and fewer new delinquencies, with notable declines in small and medium-sized enterprise and household loan delinquency, while large corporate loan delinquency rose. The authority said domestic banks typically reduce delinquency rates toward quarter-end through closer management of delinquent loans.
Data & statisticsFinancial and market indicators
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2026-05-26•Peru•Superintendencia de Banca, Seguros y AFP del Peru
The Superintendence of Banking, Insurance and Private Pension Fund Administrators of Peru is close to completing the diagnostic phase of its open finance roadmap and will next move into the regulatory phase, targeting approval of a Banking as a Service framework as a key near-term step. The World Bank–supported diagnostic highlighted existing API experience, implementation gaps, and high-potential use cases in credit assessment and personal and business financial management, with security identified as the main concern. The authority plans to share the outline of the future open finance model with industry ahead of a planned 2028 start.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2026-05-26•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held its first Corporate Governance Summit for directors of universal, commercial, and digital banks to reinforce governance expectations and link board oversight, internal controls, and accounting transparency to prudential rules on capital, liquidity, and disclosure. The event focused on global governance practices, leadership and culture, and digital and cybersecurity governance, with contributions from international and domestic experts. The central bank plans to use the summit as a continuing platform for dialogue and best-practice sharing.
Policy & regulationGuidance & interpretationCorporate governance
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2026-05-26•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau and the Securities and Futures Commission have published consultation conclusions on separate licensing regimes for virtual asset advisory and management service providers, aligned with Type 4 and Type 9 regulated activities under the Securities and Futures Ordinance. Most respondents supported the proposals while seeking clarifications. The authorities are finalising legislative proposals covering virtual asset dealing, custodian, advisory and management service providers, aiming to introduce a bill into the Legislative Council this year.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury will temporarily cut value added tax from 20% to 5% on selected family-related spending, including children’s restaurant meals, family tickets for cinemas, theatres and shows, and admission to attractions, and will extend the Island’s temporary fuel duty reduction until 31 December 2026. Red diesel duty for farmers and fishermen will also fall by more than a third from 15 June 2026 until year-end, mirroring a UK Government VAT cut and avoiding a fuel duty increase that would otherwise have applied under the Customs and Excise Agreement.
Policy & regulationRules & requirementsOther
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2026-05-26•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority’s 2026 Climate-related Disclosures Insights Report reviews 62 climate statements from the second year of the mandatory regime, noting more mature reporting, clearer structures, improved greenhouse gas disclosures, and stronger governance and risk explanations. It calls for more decision-useful physical risk disclosures, stronger data and analysis, clearer links between risks and transition planning, and more complete greenhouse gas assurance. The authority will continue monitoring with an educative approach, including further engagement and support on physical risks.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2026-05-26•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has filed complaints with the Public Prosecutor's Office for alleged fraud against those responsible for three entities that offered mortgage loan advisory and processing services, collected advance payments, and then failed to provide services or refunds. The Commission states that Wolv Brokers (or Wolv Inmobiliaria), Asesoría Estratégica Inmobiliaria SPA, and MAX Millón SPA falsely claimed to be supervised, and it warns the public about similar scams and directs users to its fraud alerts page to verify entities and review alerts on unregulated activities.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-26•Europe•European Association of CCP Clearing Houses
The European Association of CCP Clearing Houses and the Federation of European Securities Exchanges issued a joint statement on the European Commission’s MISP agenda, backing its single market goals while calling for an effective, efficient and proportionate supervisory model. They recommend that entities under direct European Securities and Markets Authority supervision be overseen solely by ESMA, seek a short transition, and argue that existing crisis management tools under EMIR and the EU recovery and resolution regime are sufficient, opposing additional loss-sharing measures such as a resolution fund for central counterparties.
Policy & regulationReform agendas & prioritiesCCPs