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2026-05-25•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has launched a second public consultation on a revised regulation to strengthen consent requirements for debtor access to information in the Consolidated Debt Registry (REDEC). The proposal sets procedures for financial institutions on obtaining, recording, reporting and accounting for debtor consent, and the new consultation focuses on implementation timeframes in the updated regulation.
Policy & regulationRules & requirementsOpen banking and finance
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2026-05-25•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has published a free “Investor Guide 60+: Your Peace of Mind Deserves Extra Protection” to help older investors identify unsuitable investment offers. The guide responds to increasing inappropriate and aggressive approaches to this age group, including complex products misaligned with their recommended investment profile, and was launched during the 13th National Week of Financial Education 2026.
Financial literacy & educationFinancial literacy and education
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2026-05-25•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a judgment session on two administrative sanctioning proceedings, one concerning alleged fraudulent transactions involving assets of the municipal public servants pension regime CABOPREV and another concerning Eduardo Garcia de Souza for alleged irregular securities portfolio management. The CABOPREV case involves Bittenpar Participações S.A., GF Participações Ltda. and seven individuals, while the separate case concerns a possible breach of Article 2 of CVM Resolution 21 and Article 23 of Law 6.385/76.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority used a radio programme in Lindi to educate the public on insurance services, compulsory insurance requirements and its nationwide role and office network. Officials highlighted mandatory insurance for motor vehicles, petroleum, ferries and certain buildings, and a National Health Insurance Fund representative outlined implementation of health insurance for all, with listeners’ questions addressed live.
Financial literacy & educationFinancial literacy and education
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority published remarks by the Insurance Commissioner on the ATI Insurance Awards, highlighting the role of insurance in protecting assets, enabling investment and supporting broader economic growth. The event, organized by the Association of Tanzania Insurers, aimed to recognize market performance, promote competition and better services, and underscored the need to raise public awareness, strengthen integrity and use technology to improve customer service.
OtherMarket development
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority used the Insurance and Health Forum in Dar es Salaam to educate the public on Universal Health Insurance and its supervisory role in implementing the framework. Through its Eastern Zone booth, the authority outlined its responsibilities for handling insurance-related complaints and promoted market opportunities such as insurance agency, brokerage and related services.
Financial literacy & educationFinancial literacy and education
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2026-05-24•Cyprus•Ministry of Finance (Cyprus)
The Cyprus Ministry of Finance reported that EU finance ministers, meeting informally in Lefkosia, focused on accelerating competitiveness reforms, assessing stablecoins and addressing higher spending and investment needs while preserving fiscal sustainability. Ministers stressed turning the competitiveness agenda into concrete action, discussed stablecoin risks and opportunities including interoperability with Eurosystem services and a cautious approach to deeper integration, and highlighted the need for reforms to support private investment.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-24•Luxembourg•Ministry of Finance (Luxembourg)
The Luxembourg Ministry of Finance reported that Finance Minister Gilles Roth joined informal Eurogroup and ECOFIN meetings in Nicosia, where ministers discussed euro area macroeconomic developments, energy price impacts from the Middle East conflict, Europe’s competitiveness with a focus on housing, and progress on the digital euro. ECOFIN also examined the EU’s long-term competitiveness, the role of stablecoins in Europe, and options to meet rising spending needs while preserving sustainable public finances, with Roth urging accelerated reforms and support for investment, innovation, and financial stability.
Policy & regulationCooperationMonetary policy decisions and developmentsMacroprudential policy and tools
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2026-05-24•Czech Republic•Ministry of Finance (Czech Republic)
The Czech Ministry of Finance reported on the informal Economic and Financial Affairs Council meeting, where EU finance ministers discussed competitiveness, stablecoins and how to meet rising investment needs without weakening fiscal sustainability. Ministers urged faster EU reforms to support sustainable growth and examined stablecoin risks, opportunities and interoperability with Eurosystem platforms, stressing caution over deeper monetary integration. They agreed investment needs should be met through national measures and EU reforms that mobilise private investment while preserving fiscal discipline, with the stablecoin debate informing future Eurogroup work on digital finance.
Policy & regulationReform agendas & prioritiesOther
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2026-05-24•Greece•Ministry of National Economy and Finance (Greece)
The Greek Ministry of National Economy and Finance published an interview with Minister and Eurogroup President Kyriakos Pierrakakis outlining Greece’s economic performance, inflation support measures and housing policies, including short-term rental rules, rent subsidies and the ‘Spiti Mou’ programmes. At European level, he highlighted housing as a Eurogroup topic, warned that the Middle East crisis could raise energy costs and inflation, and called for a common European energy strategy and a Savings and Investments Union. He also backed the Greece–Cyprus–Israel electricity interconnection as a strategic Project of Common Interest with EUR 657 million in approved funding and noted that ADMIE will seek European Investment Bank financing.
Policy & regulationReform agendas & prioritiesEconomic data and developmentsMonetary policy decisions and developments
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2026-05-24•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority held an introductory seminar on the debt instruments market in Qatar, with participation from the Qatar Central Bank and Qatar Stock Exchange. The seminar reviewed legislative developments and transformations in the bond and sukuk market and outlined the legislative requirements for offering and listing these instruments on the Qatar Stock Exchange.
Policy & regulationGuidance & interpretationSecurities offerings and listingsMarket development
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for violating Article 25 of Decision No. 2 of 2009, which amends Decision No. 1/T of 2006 on licensing insurance agents under Insurance Law No. 20 of 2005.
SupervisionInterventionsOther
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for breaching Articles 20 and 21 of the 2009 decision on licensing insurance agents, as amended under the Insurance Law of 2005.
SupervisionInterventionsOther
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for breaching Article 20 of the 2009 decision amending the 2006 rules on licensing insurance agents under the 2005 Insurance Law. The action reflects enforcement of licensing requirements for insurance intermediaries.
SupervisionInterventionsOther
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2026-05-24•Qatar•Qatar Financial Centre
The Qatar Financial Centre has signed a Memorandum of Understanding with Ahli Bank Q.P.S.C. to collaborate on fintech innovation, digital transformation, and development of Qatar’s financial services sector, leveraging the QFC Digital Assets Lab to develop digital financial solutions and explore digital assets and tokenisation use cases. The parties will work with technology providers, startups, and other partners to advance emerging financial technologies, support pilot programmes with QFC technology firms, and run joint events and knowledge-sharing initiatives to support fintech firms within the QFC.
Policy & regulationCooperationFintech and insurtechMarket development
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2026-05-24•Liechtenstein•Finance Liechtenstein
The Financial Market Authority Liechtenstein has published its 2026 Financial Center brochure with updated statistics on supervised financial sectors. The data show continued growth in 2025, with client assets at banks up 6.8 percent to CHF 538.0 billion, assets under management at asset management companies up 6.5 percent to CHF 57.7 billion, fund volume at CHF 119.9 billion, and insurance premium income at CHF 4.90 billion with a solvency ratio of 189 percent. The brochure also notes that 19 percent of employees work in financial or related services and that the sector generates over half of income tax revenue.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-24•Qatar•Qatar Financial Centre
The Qatar Financial Centre announced that HMK Capital has registered the Salwa REIT Fund as Qatar’s first real estate investment trust collective investment fund, under the oversight of the Qatar Financial Centre Regulatory Authority. The fund is intended to provide investors with an efficient vehicle for income-generating real estate in Qatar and to support development of local asset management and capital markets. Subject to further approvals, the Salwa REIT aims to list on the Qatar Stock Exchange to broaden investor access and market liquidity.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye published President Recep Tayyip Erdoğan’s remarks for Financial Literacy Day, calling financial literacy essential to deepening capital markets, improving savings allocation and protecting investors from manipulation, speculation and digital fraud as technology and artificial intelligence reshape markets. Erdoğan praised the Board’s education initiatives, warned against manipulative social media content and fake investment advice, and stressed its regulatory and supervisory role. He noted that parliament had approved a measure to encourage foreign capital inflows, a One Stop Office had opened at the Istanbul Financial Centre, and further steps are planned to improve the finance and investment environment.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye published remarks by Treasury and Finance Minister Mehmet Şimşek highlighting that its Financial Literacy Platform, launched two years ago, now has over 1 million active users and 45 million visits. Şimşek said the initiative combines online education with tailored training, including a nationwide financial literacy lesson delivered in schools to around 18 million students, to strengthen saving habits and promote a more analytical, long-term investment culture.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye Chair Mahmut Sütcü, speaking at the Türkiye Financial Literacy Day programme, highlighted financial literacy as a key driver of financial inclusion, capital market deepening, real sector access to capital, financial stability and higher savings. He positioned the event within a broader national initiative, noting a presidential circular that designated 22 May as Financial Literacy Day and that President Recep Tayyip Erdoğan attended the programme.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye released a video for Türkiye Financial Literacy Day promoting its Financial Literacy Platform, which provides free, accessible educational content on accurate financial information. The video warns that digitalisation has increased risks and highlights fake investment schemes, illegal betting networks, cyber fraud and illegal money movements via rented IBAN accounts as key threats.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Peru•Central Bank of Peru
The Central Bank of Peru reported that nationwide formal employment rose 4.6 percent year-on-year in March 2026, adding 290,000 jobs, with private sector formal employment up 5.7 percent. Private job gains were concentrated in services, agriculture and trade, while the total real wage bill increased 9.0 percent and the private sector formal wage bill rose 10.3 percent, mainly driven by mining and electricity.
Data & statistics
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2026-05-23•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority granted eight approvals for non-banking financial activities, covering new formations and operating licences across investment funds, capital markets services, healthcare programme administration and consumer finance. Approvals include a temporary Third Party Administrator licence for Mid Mark TPA, a consumer finance licence for Malaz, and licences for Belton Fund Company, Lantis, Business Community Financial Investments, Al Salem Holding, Amjad Holding and SAFE for securities, venture capital and real estate investment activities.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-23•Vietnam•State Bank of Vietnam
The State Bank of Vietnam published remarks by Governor Pham Duc An outlining digitalisation priorities for the banking sector, including a stronger legal framework, expanded digital infrastructure and databases, enhanced cyber security and personal data protection, and improved workforce digital skills. He urged banks to centre citizens and businesses, treat data as foundational and technology as a driver, and advance digital payments, electronic authentication, biometric verification, data cleansing and anti-fraud measures linked to Project 06. The State Bank said contest proposals on process redesign, technology deployment, customer experience and system security will be further studied and implemented.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2026-05-23•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission reported that Danvil Plans has paid more than PHP 1.62 billion across 17,289 claims. Another 7,681 planholders have yet to claim their checks and are being contacted to complete the payment requirements.
SupervisionInterventionsClaims managementRecovery and resolution
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2026-05-23•Asia•Eurasian Group (EAG)
The Eurasian Group's 44th plenary approved follow-up reports for Kazakhstan, Turkmenistan and Uzbekistan ahead of the third round of mutual evaluations. It also endorsed further work on FATF standards for extended confiscation, launched an artificial intelligence-focused terrorist financing typologies project and approved a 2026-2027 regional money laundering and terrorist financing risk assessment.
Policy & regulationPeer reviews and country evaluationsAML and CFTArtificial intelligence
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2026-05-22•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission reported that the National Assembly has granted the President legislative authority to establish a legal regime for shareholding management companies (Sociedades Gestoras de Participações Sociais, SGPS). The dedicated framework will govern entities that manage equity holdings and structure corporate groups, with the stated aim of facilitating and encouraging the creation of economic groups and supporting their regulation and supervision.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-22•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has published its 2025 sectoral risk assessments for money laundering and terrorist financing, classifying money laundering risk as medium-low in the insurance sector and low in the pension fund sector, with terrorist financing risk low in both. ARSEG said the exercise supports ongoing actions under Angola’s National Plan with the Financial Action Task Force and reinforces the use of international practices on transparency and supervision, with terrorist financing assessments aligned to the national risk assessment.
SupervisionRisk monitoring & watch pointsAML and CFT
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2026-05-22•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has launched the sixth edition of the Fernando Aguiar Prize in Bengo province, expanding its student competition on financial literacy and insurance-related academic work. The prize covers monographs, papers and scientific articles on insurance, reinsurance, pension funds and insurance intermediation, and offers the winner Kz 1,500,000 and a six-month paid internship at ARSEG, with this edition also presented in Lunda Sul, Moxico and Zaire.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission held a workshop at Lusíada University of Angola on the fundamentals of the capital market, saving and investment as part of its Financial Education Programme. Organised by the Studies and Financial Education Division and led by Daniel Chipenda, the session covered the functioning of the financial system, the role of capital markets in medium and long term financing, an introduction to collective investment schemes, and included an interactive question and answer segment.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency published minutes of the third expert panel meeting on revising the Corporate Governance Code, outlining a draft that would make the code more principle-based and emphasise growth investment, stronger board functions and earlier disclosure of securities reports. Key changes include expanded examples of growth investment, a broader capital allocation framework, restored board responsibility for disclosure, a new risk management principle, wider diversity criteria and stronger provisions on minority and controlling shareholders and director independence. The secretariat will further revise the draft and move to public consultation, with potential application to corporate governance reports by July 2027.
Policy & regulationRules & requirementsCorporate governance
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has suspended certified public accountants Takio Fujii and Akio Ochiai for four months and one month respectively under the Certified Public Accountants Act, citing acts that damage professional credit. The agency based its action on prior suspensions of their tax accountant businesses by the Minister of Finance under the Certified Public Tax Accountant Act, treating those sanctions as a violation of Article 26 of the Certified Public Accountants Act.
EnforcementSanctions & designationsAuditing
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency’s Corporate Accounting Council Audit Subcommittee discussed revising Japan’s auditing standards in response to International Auditing and Assurance Standards Board changes on going concern and fraud. The secretariat proposed extending the going concern assessment period to at least one year from the financial statement approval date and expanding audit report disclosures, while keeping existing fraud standards but requesting updated practical guidance from the Japan Institute of Certified Public Accountants. Revised ISA 240-related application is expected from fiscal years starting in April 2027, subject to further stakeholder consideration.
Policy & regulationRules & requirementsAuditing
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency’s Corporate Accounting Council has approved a Sustainability Information Assurance Subcommittee to develop third-party assurance standards for sustainability information, aligned with international benchmarks but adapted to Japan. The move supports plans for large Prime Market-listed companies to use Sustainability Standards Board of Japan standards from the fiscal year ending March 2027 and obtain mandatory assurance from the fiscal year ending March 2028, under an amended Financial Instruments and Exchange Act that introduces a registration and supervisory regime for assurance providers.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-05-22•Japan•Bank of Japan
The Bank of Japan published a working paper finding that the link between Japanese households’ wage growth expectations and inflation expectations has strengthened, with households exhibiting a stronger link maintaining higher spending attitudes during periods of rising prices. The paper attributes differences in this linkage to labour market conditions, income levels and union membership, and suggests that limited additional labour supply due to population ageing may have reinforced it, concluding that aligning wage growth expectations with inflation expectations is important for sustaining consumption and growth.
ResearchEconomic data and developments
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has proposed draft Cabinet Order and Cabinet Office Ordinance amendments to implement 2026 changes to the Act on Special Measures for Strengthening Financial Functions, including tighter governance for cooperative financial institutions and expanded support for mergers and shared core banking systems among smaller regional institutions. The package would raise the grant ceiling to JPY 200 billion, broaden eligible institutions and costs for joint core banking systems, increase the maximum members of the Financial Function Enhancement Review Board to seven, and move existing guideline content into the Comprehensive Supervisory Guidelines for Small and Regional Financial Institutions.
Policy & regulationRules & requirementsOther
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2026-05-22•South Africa•National Treasury (South Africa)
South Africa’s National Treasury is reviewing the fiscal and economic baseline ahead of the Medium Term Budget Policy Statement and reforms to strengthen public finance rules, local government oversight and infrastructure delivery, including advanced reviews of the Public Finance Management Act and Municipal Finance Management Act. Treasury will deduct funds from national and provincial departments to settle municipal debts, continue using section 216(2) of the Constitution where municipalities breach financial management requirements, and pursue broader legislation on public finance, auditing, procurement, financial sector conduct and infrastructure funding.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency and the Bank of Japan have requested financial institutions and related entities to take short-term measures in response to threats posed by frontier artificial intelligence. The authorities are seeking immediate risk-mitigation actions from the sector.
SupervisionInterventionsCyber resilienceArtificial intelligence
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency will close its Consultation Desk for Cross-Border Payment Agency on 1 June 2026, when the amended Payment Services Act takes effect, and will redirect firms to local Finance Bureaus or Finance Offices for individual consultations. The agency also referred firms with broader financial and fintech questions to its FinTech Support Desk, noting that feedback from the consultation desk informed the Cabinet Office Ordinance on exempted acts.
Policy & regulationGuidance & interpretationMandate change
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has amended the Enforcement Order of the Financial Instruments and Exchange Act and a related Cabinet Office Order to expand the scope of specified trust beneficiary rights that are not treated as securities and to revise the definition of a parent company for insider trading rules. The trust beneficiary rights change aligns the order with the 2025 partial amendment of the Settlement of Funds Act, while the parent company concept for insider trading will now be based on control over a company’s decision-making bodies.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has finalized the Cabinet Order and Cabinet Office Ordinance implementing the 2025 Payment Services Act amendments, setting detailed rules for electronic payment instruments, crypto asset businesses, fund transfer businesses, and related activities of banks, insurers, and their subsidiaries. The measures define eligible domestic assets and trust structures for safeguarding customer funds, establish registration, conduct and disclosure requirements for new intermediaries, and clarify asset preservation, guarantor scope, and foreign exchange debt assumptions for fund transfer services. The amended law, related orders and ordinances, and administrative guidelines will take effect on 1 June 2026, with some provisions effective upon promulgation.
Policy & regulationRules & requirementsPayments and payment systems
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2026-05-22•United States•Federal Reserve Board
The Federal Reserve Board published a FEDS Note arguing that recent increases in the Personal Consumption Expenditures price index for Computer Software and Accessories may overstate inflation due to measurement problems. The authors cite category mismatches between Consumer Price Index and PCE data, challenges from subscription pricing and continuous updates, and missing quality adjustments for AI-related features, and estimate that correcting these issues could reduce the category’s annualized increase from 73.1 percent to about 22.0 percent and lower recent core PCE and core goods PCE inflation. The note warns that these biases could grow if rapid price increases in this category persist.
ResearchEconomic data and developments
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2026-05-22•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City reported that Tenth District services activity rose moderately in May, with the general revenue index doubling from the previous month while expectations for future activity cooled but remained positive. The survey indicated ongoing cost pressures, with about half of firms seeing more frequent input price changes than in 2025, and introduced updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, slightly revising historical indexes.
Data & statisticsEconomic data and developments
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2026-05-22•United States•Federal Reserve Bank of Dallas
The Federal Reserve Bank of Dallas projects Texas employment growth of 1.8 percent in 2026, implying about 253,000 additional jobs and total employment of 14.6 million by December, within an 80 percent confidence band of 1.2 to 2.4 percent. April data show annualized employment growth of 1.6 percent and a steady unemployment rate of 4.3 percent, with gains in professional and business services, construction, and trade and transportation, and losses in leisure and hospitality, financial services, and manufacturing.
Data & statisticsEconomic data and developments
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2026-05-22•Lithuania•Ministry of Finance (Lithuania)
Lithuania’s Ministry of Finance announced that Finance Minister Kristupas Vaitiekunas will attend informal Economic and Financial Affairs Council and Eurogroup meetings in Cyprus to discuss EU competitiveness, euro area macroeconomic developments, housing affordability, the digital euro, stablecoins, long-term fiscal sustainability and the energy market. Lithuania supports supply-side housing measures, targeted aid for vulnerable groups and a long-term cross-cutting housing strategy. Vaitiekunas will also meet Greek Finance Minister and Eurogroup President Kyriakos Pierrakakis to discuss Lithuania’s upcoming EU Council Presidency and negotiations on the EU Multiannual Financial Framework.
Policy & regulationCooperationMonetary policy decisions and developments
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2026-05-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation has proposed rules to implement Bank Secrecy Act and sanctions compliance standards for FDIC‑supervised permitted payment stablecoin issuers under the GENIUS Act. The proposal would require these issuers to meet anti-money laundering and countering the financing of terrorism, economic sanctions, reporting and customer identification obligations, and would establish an FDIC supervisory and enforcement framework coordinated with the Financial Crimes Enforcement Network.
Policy & regulationRules & requirementsAML and CFTStablecoins
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2026-05-22•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has published a proposed Guidance Note on participation in its Regulatory Sandbox Framework, setting out requirements for applicants and supervised financial institutions to test innovative products, services, business models and digital technology platforms in a controlled environment. The sandbox aims to support responsible financial innovation within a risk-based framework, improve access to financial services for underserved segments, and allow the Central Bank to assess the viability and impact of new business models on the domestic financial sector.
Policy & regulationGuidance & interpretationFintech and insurtechFinancial inclusion
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2026-05-22•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
Türkiye’s Insurance and Private Pension Regulation and Supervision Agency issued a sector announcement on the new private health insurance regime and published a public notice and information guide for consumers and policyholders. The materials explain amendments effective 1 January 2026 under the revised Private Health Insurance Regulation and Circular 2025/28, including changes to lifetime renewal guarantees, transfer procedures and waiting periods, and must be prominently linked on insurers’ and the sector association’s websites under the heading “New Period in Private Health Insurance.”
Policy & regulationGuidance & interpretationOther
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2026-05-22•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has introduced a new private health insurance regime from 1 January 2026 that strengthens policyholder protections, including a requirement for insurers to offer all insured persons under 60 a contract with a lifetime renewal guarantee. Waiting periods may only be applied on the first policy within regulatory limits, acquired rights are preserved when switching plans or insurers, and policyholders can obtain the lifetime renewal guarantee after three years of uninterrupted coverage if their claims-to-premium ratio remains below 80 percent, with insurers allowed to ease but not tighten these conditions.
Policy & regulationRules & requirements
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2026-05-22•Italy•Bank of Italy
The Bank of Italy will require all directly supervised intermediaries to submit annual consolidated estimates of aggregated costs and losses from major ICT incidents, in line with the EU Digital Operational Resilience Act. Firms must report using the Joint Guidelines of the European Supervisory Authorities and the operational instructions published by the Bank of Italy.
SupervisionRegulatory reporting
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2026-05-22•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency released a statement from Comptroller Jonathan V. Gould explaining his abstention from the FDIC vote on draft feedback letters for the July 2025 Dodd-Frank Act Section 165(d) resolution plans of U.S. global systemically important banks, citing a fundamentally flawed, extralegal process. Gould said the FDIC and Federal Reserve have used feedback letters and guidance to impose binding requirements without notice and comment, and that Section 165(d) planning has shifted from plan review to broader capabilities expectations with limited value. He urged longer intervals between submissions and a broader review of resolution planning guidance and prior feedback, warning that the latest letters leave future review scope undefined while signaling further capabilities testing.
Policy & regulationGuidance & interpretationRecovery and resolution
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2026-05-22•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic Pensions Superintendency awarded Médico Express the “Here We Know Pensions” seal, the first medical center in the country to receive this certification. The seal is granted where over 70% of employees complete SIPEN’s workshop on the Dominican pension system, with 92% of Médico Express staff (200 employees) having completed the virtual training as part of SIPEN’s broader pension education efforts in the health and social security sectors.
Financial literacy & educationCapacity building
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2026-05-22•United States•Federal Reserve Board
The United States Federal Reserve Board and the Federal Deposit Insurance Corporation published feedback on July 2025 resolution plans for eight large domestic banking organizations and 56 foreign banking organizations, finding no shortcomings or deficiencies. The agencies determined that derivatives-related weaknesses previously identified in the 2023 plans of Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup have been satisfactorily addressed and released firm-specific feedback for the eight domestic filers and HSBC North America Holdings, Inc., as well as template letters for foreign banking organizations.
SupervisionReviews, inspections & stress testsRecovery and resolution
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2026-05-22•United States•Federal Reserve Board
The Federal Reserve Board announced that Kevin Warsh has taken the oath of office as chairman and as a member of the Board of Governors, and that the Federal Open Market Committee unanimously selected him as its chairman. Warsh was nominated by President Donald J. Trump and confirmed by the United States Senate, with his term as chairman running until May 21, 2030 and his term as a Board member running until January 31, 2040.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-22•Brazil•Central Bank of Brazil
The Central Bank of Brazil used the 13th National Financial Education Week to present its Financial Citizenship Report 2025 and Sebrae research on gender, race and access to credit, showing that women and Black people face systematically worse credit conditions and financial outcomes despite similar participation in the financial system. The 2025 report expands analysis by race and updates breakdowns by gender, age and income, while Sebrae’s work on female entrepreneurship and financial education for women underlines the need to adapt financial products, service delivery and measures to improve women’s financial well-being.
Financial literacy & educationFinancial inclusionFinancial literacy and education
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2026-05-22•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has cut corporate document request fees by another 25%, effective June 1, following a 50% reduction in 2025. The lower rates cover physical and digital copies of company filings, while SEC API Marketplace charges remain unchanged.
Policy & regulationRules & requirementsComplianceActivity and performance reportingRegulatory reporting
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2026-05-22•Uruguay•Ministry of Economy & Finance (Uruguay)
Uruguay’s Ministry of Economy and Finance has launched an Economy and Environment section on its website as a central reference point for how environmental considerations are integrated into economic policy and sustainable finance. The page consolidates information on changes to the investment promotion regime, tax benefits and clean energy measures, climate- and environment-linked financing instruments, and environment-related initiatives developed with other public bodies.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeGreen taxonomy
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2026-05-22•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia hosted an international roundtable on financial literacy and stability with governors and board members from several European central banks, highlighting its growing importance for financial system resilience. Under the Masters of the Digital Future project, participants stressed lifelong financial education, its link to understanding central bank policies and resilience to shocks, and discussed risks in a digital financial environment, including fraud, scams, instant lending and cryptoassets.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay has outlined an agenda to increase the use of the Uruguayan peso in savings, lending and investment, following discussions with public and private banks. It will promote incentives to expand local currency products for households and businesses, aiming to reduce financial dollarization and exposure to foreign currency risk. The strategy is anchored in low and stable inflation and expectations aligned with the target, and the board reaffirmed its commitment to work with the financial system on the incentive framework.
Policy & regulationReform agendas & prioritiesCurrency and cash management
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2026-05-22•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher Waller said he would support removing the Federal Open Market Committee’s easing bias and keeping the policy rate unchanged, noting that the Middle East conflict has raised energy prices and the risk of more persistent inflation. He said a rate cut is no more likely than a rate increase and that he would need clearer improvement in inflation or a significant deterioration in the labor market before considering cuts, while he could support hikes if the energy shock persists and inflation expectations become unanchored.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-22•Poland•Central Bank of Poland
The Central Bank of Poland has published the voting results of Monetary Policy Council members for 9 April 2026.
Monetary policyPolicy rate decision minutes and accountsOther
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2026-05-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has instructed its regional branches to inspect how commercial bank branches are implementing the Governor’s April 2026 directive to reduce interest rates, after monitoring showed some banks had increased rates. Regional directors must convene meetings with local banks, enforce compliance, address violations within their authority, and report them to the central bank, which will continue to monitor deposit and lending rates and stand ready to support system liquidity through monetary policy measures.
SupervisionReviews, inspections & stress tests
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2026-05-22•Belize•Central Bank of Belize
The Central Bank of Belize hosted the 66th Bi-Annual Meeting of CARICOM Central Bank Governors, which reviewed regional work on payments modernisation, supervisory cooperation, cybersecurity and climate finance. Governors noted continued resilience of Caribbean economies and highlighted financial stability and policy coordination, while receiving updates on the pilot phase of the CARICOM Payment and Settlement System for instant cross-border payments, the Caribbean Regional Green Taxonomy, a proposed regional bond initiative for climate-resilient infrastructure and the V20 Lifeline Fund Initiative.
Policy & regulationImplementation, projects & pilotsCross-border cooperationFinancial stability and systemic risk
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2026-05-22•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has granted Týr Markets AS authorization under Article 63 of the Markets in Crypto-Assets Regulation to provide crypto-asset services in Norway, marking the first such approval for a virtual currency exchange platform under the country’s crypto-asset regime. Effective 18 May 2026, the authorization covers safeguarding and administering crypto-assets for clients, exchanging crypto-assets for funds or other crypto-assets, and providing transfer-related services on behalf of clients.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-22•Greece•Bank of Greece
The Bank of Greece said Greece’s current account deficit narrowed to EUR 2.3 billion in March 2026, driven mainly by a smaller goods deficit and a stronger services surplus. For the first quarter, the deficit widened to EUR 7.0 billion because weaker secondary and primary income more than offset improvements in goods and services. Reserve assets stood at EUR 21.4 billion at end-March 2026.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported that the annualised current account surplus rose to 4.3 percent of GDP in the first quarter of 2026, 1.9 percentage points higher than a year earlier, extending a three-year surplus run and 10 consecutive quarters of positive results. On a quarterly basis, the surplus reached USD 4.463 billion, driven mainly by a USD 5.990 billion widening in the goods trade surplus due to improved terms of trade, higher non-traditional fishery and agricultural exports, increased zinc and coffee shipments, and sustained remittance inflows.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has established a public framework to list natural and legal persons that breach laws governing non-bank financial activities, comprising a warning list, a negative list and an administrative measures list. Names are added following an internal review and approval by the chair, with provisions for temporary listings, prior notification and hearing, free appeals, and periodic review and removal when grounds no longer apply.
Policy & regulationRules & requirementsOther
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2026-05-22•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance reported that Superintendent Guillermo Plate represented Argentina at the International Association of Insurance Supervisors’ Implementation and Assessment Committee and Standards and Supervision Committee meetings in Basel on 19–20 May 2026, consolidating its permanent role in the former and recent membership in the latter. Discussions covered risk-based solvency, climate risks, protection gaps, operational resilience, inclusive insurance, and implementation of standards and supervisory tools for emerging markets. Plate also used his role as President of the Association of Latin American Insurance Supervisors to pursue bilateral engagements on priorities for Latin American emerging and developing markets.
Policy & regulationCooperationCross-border cooperationSupervision process and methodologies
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2026-05-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement opposing Kevin Warsh’s swearing in as Chair of the Federal Reserve. She said Warsh had damaged his credibility, put President Donald Trump’s political interests ahead of U.S. families, and tied Federal Reserve ethics concerns to his refusal to disclose the source of USD 100 million in what she called secret investments.
OtherLeadership change and appointments
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2026-05-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Chairman Tim Scott following Kevin Warsh’s swearing-in as Chair of the Federal Reserve Board of Governors. Scott highlighted Warsh’s experience and said he expects him to restore trust in the Federal Reserve, safeguard its independence and maintain its focus on stable prices and maximum employment amid concerns over costs and affordability for U.S. households and small businesses.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-22•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority said its president attended an ESMA conference in Paris on the future of EU capital markets and related reform efforts. Topics included market integration, supervision, infrastructure, digitalization and investor protection, with the authority linking its participation to Montenegro's alignment with European standards.
Policy & regulationCooperationCross-border cooperationMarket development
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2026-05-22•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services reported that the House passed the 21st Century ROAD to Housing Act by a 396-13 vote, with leaders describing it as a bipartisan compromise aligned with a Senate bill. Chairman French Hill highlighted negotiations that removed prior provisions and noted a measure to prevent institutional investors from outbidding households for single-family homes without cutting housing funding, adding that President Trump has indicated he will sign the bill if approved by the Senate.
Policy & regulationRules & requirementsOther
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2026-05-22•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD129.5 billion as at 15 May 2026, sufficient to finance 4.6 months of imports of goods and services and equal to 0.9 times total short-term external debt. The central bank noted that short-term external debt, mainly bank and multinational borrowing from non-residents, is typically serviced from external asset holdings and does not normally claim on its reserves.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing on modernizing the U.S. anti-money laundering framework, including proposed changes to Bank Secrecy Act requirements and Financial Crimes Enforcement Network programs. Members and witnesses examined reforms to Suspicious Activity Report and Currency Transaction Report thresholds, duplication in customer information collection, and the lack of effectiveness data and feedback from FinCEN required under the Anti-Money Laundering Act of 2020.
Policy & regulationReform agendas & prioritiesAML and CFTRegulatory burden
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published a staff working paper using firm-level data from Türkiye to assess whether pre-Covid-19 digital investment improved firms’ resilience during the pandemic. The research finds that more digitalised firms outperformed comparable peers in 2020–2021 across assets, sales, employment, profitability and exports, with effects strongest for micro and small firms. It attributes these gains to channels including more trading partners, longer-distance trade, lower labour churn and higher productivity, and notes that robustness checks support the results.
ResearchFintech and insurtech
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published Staff Working Paper No. 1,183, using its early-1980s overfunding policy as a historical analogue for quantitative tightening and empirically assessing its effects. The paper finds that excess gilt issuance raised long-term yields and lowered short-term rates, with limited impact on inflation and monetary aggregates, and that portfolio balance effects operated mainly through duration risk. It concludes that modern balance sheet policy frameworks can be applied to this episode and that different quantitative tightening channels can help calibrate balance sheet unwind.
Research
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published Staff Working Paper No. 1,182 on confidence measures in European unemployment dynamics, finding that firm and household confidence mainly reflects news about future non-technological conditions and explains around 50% of unemployment variance at business-cycle frequency. Using a panel of 22 European countries, the authors identify a mildly inflationary transitory demand shock, highly negatively correlated with long-run unemployment disturbances, that raises investment, wages, interest rates, fiscal surplus and vacancies, and lowers professional forecasters’ unemployment expectations.
ResearchOther
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2026-05-22•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has directed commercial banks to keep designated branches open on Saturday and Sunday, 23 and 24 May 2026, to facilitate over-the-counter payment of government duties and taxes at the request of the Federal Board of Revenue. The instruction covers Saturday-opening branches of all commercial banks, including National Bank of Pakistan customs-collecting branches, which must operate from 09:00 to 15:00 and remain open on 24 May as needed to support special NIFT clearing and ensure uninterrupted online payment channels.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-05-22•Croatia•Croatian National Bank
The Croatian National Bank has launched a public tender to sell, as a single lot, 3,464.2 tonnes of kuna and lipa coins and blanks it owns. The purchaser must collect and recover the material.
Policy & regulationImplementation, projects & pilotsProcurement
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2026-05-22•Ireland•Central Bank of Ireland
The Central Bank of Ireland plans to extend the modernised Consumer Protection Code 2025 to all credit union activities, closing gaps in statutory protections, including for mortgages, and supporting more digital delivery models. It highlighted new requirements on securing customers’ interests, recognising vulnerability and financial abuse, improving information, and ensuring transparent, cyber-resilient digital services, noting that implementation costs are manageable. The Bank will also consult on a regulatory framework for credit union shared service organisations and encouraged credit unions to expand their role in financial literacy and wellbeing under Ireland’s National Financial Literacy Strategy.
Policy & regulationRules & requirementsOther
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2026-05-22•Indonesia•OJK
The Indonesia Financial Services Authority held hybrid public lectures at three universities as part of the Road to Risk and Governance Summit 2026 to promote governance, risk management and integrity among higher-education students. OJK highlighted geopolitical risk, disinformation, cyberattacks, digital disruption and artificial intelligence as drivers for stronger governance and cyber resilience in a financial sector with assets of about IDR 30,000 trillion, and promoted the 2026 Summit and its Innovation Paper Competition for students.
Financial literacy & educationCorporate governance
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2026-05-22•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority’s 2026 Financial Center brochure reports further 2025 growth in banking, asset management, funds and insurance, with capital, liquidity and solvency at appropriate levels. Client assets at the 11 banks rose 6.8 percent to CHF 538.0 billion, asset management company client assets 6.5 percent to CHF 57.7 billion, fund volume reached CHF 119.9 billion and insurance premium income CHF 4.90 billion with a solvency ratio of 189 percent. Around 19 percent of employees work in financial services or related activities, and over 50 percent of income tax revenue comes from the sector.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-22•Indonesia•Bank Indonesia
The Bank of Indonesia reported that April 2026 broad money (M2) grew 9.2% year on year, down from 9.7% in March, to IDR 10,253.7 trillion, supported by 13.6% growth in narrow money and 4.7% growth in quasi-money. The M2 expansion was driven mainly by net claims on central government, which rose 38.6%, and disbursed loans, which accelerated to 9.4%.
Data & statisticsMonetary data
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2026-05-22•Indonesia•Bank Indonesia
Bank Indonesia reported a USD9.1 billion balance of payments deficit in Q1 2026, with reserves at USD148.2 billion, covering 5.8 months of imports and government external debt service. The current account deficit widened to USD4.0 billion (1.1% of GDP), while the capital and financial account posted a USD4.9 billion deficit, driven by higher primary income outflows and other investment deficits despite continued direct and portfolio investment surpluses. The central bank expects the balance of payments to remain sound in 2026, with the current account deficit at 0.5%–1.3% of GDP, and will adjust its policy mix with the government and other authorities.
Monetary policyMonetary policy assessments & outlooksBalance of payments and other external statistics
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2026-05-22•Global•The Wolfsberg Group
The Wolfsberg Group’s 2026 annual forum convened over 100 public and private sector participants from more than 20 countries to build consensus on a financial crime risk management framework focused on effective outcomes and innovation in anti-money laundering and countering the financing of terrorism. Participants developed a repository of effectiveness key performance indicators, discussed risk-based supervision and information sharing, and designed cross-border operational sprints targeting fentanyl networks, trade-based money laundering, fraud scams and terror finance cells, with national financial intelligence units and policymakers pledging support.
Policy & regulationCooperationAML and CFT
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2026-05-22•Georgia•National Bank of Georgia
The National Bank of Georgia reiterated that sustainability reporting is key to banking sector and capital market development and stressed the need to develop assurance services. First Vice President Ekaterine Mikabadze highlighted the bank’s ESG guidelines for commercial banks, ESG reporting and disclosure framework, and work on a regulatory framework for green, social, sustainability and sustainability-linked bonds, noting that high-quality sustainability information and assurance can support investor confidence and reduce greenwashing risk.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-05-22•Georgia•National Bank of Georgia
The National Bank of Georgia President Natia Turnava participated in a working meeting with commercial banks and microbanks organized by the Georgian Banking Association to discuss around 20 issues, including the state of the banking sector, current challenges and future plans. Turnava said such meetings strengthen coordination between the central bank and banks and support faster responses to challenges for the benefit of consumers.
Policy & regulationCooperationDomestic cooperation
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2026-05-22•Global•International Monetary Fund
The International Monetary Fund released a podcast in which Barry Eichengreen and Chima Simpson-Bell discuss shifts in the global reserve currency landscape, drawing on a recent National Bureau of Economic Research paper. They note that global volatility tends to increase demand for the US dollar, sanctions can redirect reserves toward gold, and alternative reserve currencies are starting to emerge.
ResearchCurrency and cash management
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2026-05-22•Italy•Bank of Italy
Bank of Italy Deputy Governor Chiara Scotti described the digital euro as a public European means of payment issued by the European Central Bank, distributed via private intermediaries, free for basic use and designed to complement cash with a focus on simplicity, accessibility, privacy and broad acceptance. She highlighted work with Spain’s ONCE Foundation to ensure usability for people with disabilities and the Bank of Italy’s lead role in a six‑central‑bank consortium building the Digital Euro Service Platform for secure real-time settlement. Scotti also distinguished the digital euro from stablecoins and cryptoassets, calling the latter privately issued or high-risk investment instruments rather than money.
Policy & regulationImplementation, projects & pilotsCBDC
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2026-05-22•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved rulemaking, supervisory and registration decisions, including draft laws to amend anti-money laundering rules for politically exposed persons, introduce risk-based financial monitoring, and establish securitization and covered bonds regimes with related Tax Code changes. It restricted securities of joint-stock companies, other companies and collective investment institutions, lifted restrictions on PrJSC Kyivmiskoformlennia, and registered corporate investment funds, NovaPay Credit’s series N and O bonds, and ProCredit Bank’s share capital structure.
Policy & regulationRules & requirementsAML and CFTSecurities offerings and listings
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2026-05-22•Ukraine•National Bank of Ukraine
The National Bank of Ukraine has issued a call for papers for its 10th Annual Research Conference, to be held with the National Bank of Poland in Kyiv on 21–22 September 2026 under the theme “Central Banks Response to Future Challenges: Resilience, Credibility, and Innovation.” Topics include central bank independence, fiscal dominance, wartime and postwar reconstruction, public trust and communication, geopolitical fragmentation, macrofinancial stability, and the macroeconomic and analytical implications of artificial intelligence, machine learning and big data, with a keynote by Nobel Laureate Simon Johnson.
Research
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2026-05-22•Denmark•National Bank of Denmark
The National Bank of Denmark reports sharply rising demand at its three exchange points ahead of the 31 May 2026 deadline to submit DKK 1000 banknotes from the 2009 and older series, after which they become invalid and worthless. Since November 2023, total submissions have reached DKK 21.1 billion, with more than 43,000 submissions and over DKK 200 million processed at the exchange points since December 2024, and the bank expects long queues and strict documentation checks for individuals and businesses.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-05-22•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets has issued a consumer warning on a sharp increase in fraud attempts using varied and convincing pretexts to obtain personal and banking data. The alert details schemes involving fake parcel deliveries, telecom operator calls, loan approvals, prize or inheritance claims, and requests from purported state or utility staff, and urges consumers not to share personal or banking details, avoid suspicious links or apps, and immediately contact their bank and the police if targeted.
SupervisionAlertsFraud and scams
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2026-05-22•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets under the Ministry of Economy and Commerce of the Kyrgyz Republic reported on its role in implementing the State Anti-Corruption Strategy for 2025-2030, focusing on anti-corruption culture, transparency, integrity in the business environment, prevention mechanisms and business ethics standards. It is carrying out measures under the 2025-2027 action plan and the 2026-2027 State Program of Anti-Corruption Information Policy, linking these to broader work on financial market transparency and corruption prevention.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-22•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission issued a circular setting controls for account opening and client relationship maintenance after a review of 12 brokers found serious due diligence weaknesses and questionable or forged documents. Licensed corporations must conduct internal reviews, close accounts opened with such documents and zero-balance dormant accounts for Mainland Chinese investors, tighten settlement and funding channels, and ensure compliance with Hong Kong and overseas requirements, with the Commission warning that serious lapses may lead to enforcement action.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2026-05-22•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission has warned of a scam targeting residents in which callers impersonate HSBC and seek personal and banking details using unauthorised phone numbers. The alert forms part of a broader warning about rising scams and unauthorised business, with criminals impersonating local professionals, authorities, regulators and well-known organisations using cloned websites, copied branding and AI-generated content. The Commission urged consumers to verify firms via official channels, avoid sharing sensitive information and report suspected scams to the Commission, police and their bank.
SupervisionAlertsFraud and scams
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2026-05-22•China•Central Bank of the Republic of China
The People's Bank of China and the Ministry of Finance held the fourth heads' meeting of their joint working group to review coordination outcomes and discuss support for stable financial markets, enhanced fiscal-financial coordination, and development of the offshore renminbi government bond market. The meeting agreed that closer fiscal and monetary policy coordination should improve the forward-looking, targeted and effective use of macro policy to support the real economy, with the joint working group continuing as the mechanism for implementing more proactive fiscal and moderately loose monetary policies in 2026.
Policy & regulationCooperationDomestic cooperation
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2026-05-22•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported that in April 2026 interbank activity increased sharply, short-term funding costs declined and corporate bond net financing rose, while government bond net financing eased and total bond market custody reached CNY 200.7 trillion. The renminbi appreciated against the US dollar in the interbank foreign exchange market, government bond futures turnover and open interest increased, and major equity indices recorded gains.
Monetary policyMonetary policy instruments & operationsMonetary dataFinancial and market indicators
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2026-05-22•Europe•European Central Bank
The European Central Bank’s biennial quality report on euro area and national balance of payments, international investment position and reserves statistics finds broad compliance with timeliness and coverage, but persistent weaknesses in methodological soundness, monthly data quality, internal consistency and intra-euro area asymmetries. Recurring issues include special purpose entity coverage, geographical allocation, functional classification of direct investment and trade credits, financial derivatives coverage, reconciliation of positions and flows, high net errors and omissions, and discrepancies with sector accounts, despite targeted improvements since 2023. The European System of Central Banks Statistics Committee has endorsed a strategy to implement revised national accounts and IMF BPM7 standards in Europe by decade-end, with the current assessment still based on BPM6.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Europe•European Central Bank
The European Central Bank approved Governing Council measures on financial stability publications, TARGET services and banking supervision, including the May 2026 Financial Stability Review, revised T2/Real-Time Gross Settlement pricing and TARGET rulebook changes, and new supervisory material on climate and nature risks, sanctioning activity and European Banking Authority guideline compliance. The new T2/RTGS pricing raises fixed monthly fees and recalibrates volume-based bands to support full cost recovery, while TARGET amendments add the European Payment Council’s One-Leg Out Instant Credit Transfer scheme. The ECB also approved publication of its June 2026 report on the international role of the euro and reported 370 sanctioning proceedings and EUR 57.15 million in fines in the 2025 Single Supervisory Mechanism sanctioning report.
Policy & regulationRules & requirementsMacroprudential policy and toolsFinancial stability and systemic risk