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2026-05-15•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) has approved regulatory amendments to reduce compliance and administrative burdens for market operators and issuers while maintaining investor protection and market integrity. Key changes include raising the internal dealing disclosure threshold from EUR 20,000 to EUR 50,000, simplifying prospectus and public offer procedures, allowing English for certain documentation, and aligning the Markets Regulation and related party transactions regime with recent Capital Law changes.
Policy & regulationRules & requirementsRegulatory burden
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2026-05-15•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission warned that topmarketsolution.com, cfdcapita.com and globaletradecif.com are not authorized under Article 5 of Law 87(I)/2017 to provide investment services or perform investment activities. It urged investors to verify firms’ licensing status on its website before engaging with them.
SupervisionAlertsSecurities offerings and listings
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2026-05-15•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has approved an action plan to implement the National Programme for adapting Ukrainian legislation to EU law in areas where it is lead or co-executor. The plan mandates alignment of 187 legal and regulatory acts and preparation of 22 draft laws covering corporate governance, capital markets regulation, prudential supervision of investment firms, investor compensation, electronic reporting and market transparency. Implementation will support further convergence of Ukraine’s capital markets regulation with EU rules and help fulfil its European integration obligations.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-05-15•Europe•European Central Bank
The European Central Bank published blog-based research arguing that cross-border activity by euro area non-bank financial institutions is diverting financing from euro area firms and weakening monetary policy transmission. It finds that NBFIs have shifted portfolios from euro area to US corporate equities and that banks have increased short-term collateralised lending to NBFIs, particularly outside the euro area, which is associated with reduced bank credit to firms and sluggish recovery in firms’ external financing.
ResearchMarket development
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2026-05-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that total credit card receivables fell 3.8% quarter on quarter to HKD 158.0 billion at end-March 2026, following an 8.7% increase in the previous quarter driven by festive spending and salaries tax payments. The combined delinquent and rescheduled ratio rose to 0.45% from 0.40%, while the charge-off ratio declined to 0.56% from 0.62%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-15•Ireland•Central Bank of Ireland
The Central Bank of Ireland appointed Glenn Calverley as Director of Finance and Business Performance, responsible for financial strategy, financial management and organisational performance monitoring. Calverley has held senior roles at the bank since 2015, including Director of Strategy & Governance, and previously worked in commercial banking in risk management and organisational change.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-15•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported that First Deputy Chairman Firoz Sharifzoda met Czech National Bank Board member Jakub Seidler in Prague to discuss economic conditions, inflation-targeting monetary policy and financial sector stability amid geopolitical uncertainty. They explored cooperation on implementing inflation targeting, strengthening banking stability, opening correspondent accounts in Europe, staff training, potential Czech banking presence in Tajikistan and using artificial intelligence in banking, with Sharifzoda highlighting Tajikistan’s stable growth and moderate inflation.
Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
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2026-05-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan clarified that borrowers may bring microcredit disputes with microfinance institutions to the microfinance ombudsman, whose binding services are free of charge. The notice details required documentation for complaints and reports that from the start of the year to 30 April the ombudsman received 1,537 applications and provided over 1,500 telephone consultations, noting that the institution has operated since 21 December 2024.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2026-05-15•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission reported first quarter 2026 data showing continued balance sheet growth, expansion in inclusive lending, and prudential indicators pointing to broadly stable commercial bank asset quality and insurance solvency above minimum requirements. Banking institutions’ assets reached CNY 494.7 trillion, insurance sector assets CNY 42.5 trillion, with commercial banks’ non-performing loan ratio at 1.51% and insurers’ average comprehensive and core solvency adequacy ratios at 181.0% and 131.9%. Inclusive small and micro enterprise and agriculture-related loans grew by 9.9% and 9.5% year on year.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-15•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan reported on its participation in a DOST Agency meeting on state monitoring of the rights of persons with disabilities, highlighting non-discrimination in access to financial services as an ongoing supervisory focus. It outlined joint initiatives with financial institutions, as well as regular meetings and awareness activities, to improve services and prevent discriminatory practices, and noted that the meeting also reviewed monitoring objectives and tasks for 2026.
SupervisionSupervision approach, priorities & toolkitOther
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2026-05-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission published a readout of a Beijing symposium chaired by Chairman Wu Qing with representatives of domestic and overseas listed companies in modern services and new consumption. The commission signalled it will study additional inclusive capital market reforms during the 15th Five-Year period to better align issuance, listing, refinancing, mergers and acquisitions, equity incentives, indices and fund products with the needs of these sectors. Wu Qing linked such measures to improving the A-share listed company mix, market stability and investor returns.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission outlined its investor protection agenda for the 15th Five-Year Plan and issued an industry-wide complaint guide for the 12386 platform, emphasizing stronger supervision and enforcement, broader compensation and litigation channels, and more targeted investor education and complaint handling. Measures include IPO and refinancing reforms, tighter intermediary accountability, a listed company governance campaign, stronger oversight of long-term capital and public funds, tougher action against misconduct, and faster rollout of key supervisory rules. The Commission cited recent redress, including advance compensation and court-ordered payments exceeding CNY 1.5 billion to tens of thousands of investors.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2026-05-15•China•China Securities Regulatory Commission
At its 2026 National Investor Protection Publicity Day in Beijing, the China Securities Regulatory Commission released the Trial Administrative Measures for the Supervision and Administration of Derivatives Trading and related self-regulatory rules, along with investor protection research, case studies, enforcement materials, and an updated 12386 Service Platform Complaint Guide. The commission will work with local financial regulators and public security and judicial authorities on nationwide investor protection publicity and education activities focused on capital market laws and policies, rights protection, and improving investors’ risk awareness and self-protection.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-05-15•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets of the Kyrgyz Republic warned that unknown persons are creating fake messenger accounts and using voice generation technology to impersonate Deputy Chairman Bayysh Turkmenovich Dushevaev. It urged citizens not to share personal data and to verify information only through official sources.
SupervisionAlertsFraud and scams
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2026-05-15•Albania•Bank of Albania
The Bank of Albania agreed with the World Bank and IFC to continue technical assistance to strengthen the financial system’s regulatory framework, focusing on banking supervision, payment systems, financial education and data infrastructure, including digital finance and the credit registry. The Bank highlighted progress in aligning payment regulations with European standards, accession to the Single Euro Payments Area, and ongoing work on the TIPS Clone project and an instant payment system, while noting a positive economic backdrop and temporary inflation risks from higher global energy prices.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2026-05-15•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities, in cooperation with the Qatar Financial Markets Authority, held a seminar in Doha on digital and virtual assets, including cloud computing, blockchain, digital assets and cryptocurrencies. The event addressed practical applications, cybersecurity, compliance, governance, risk management and regulatory frameworks, including Financial Action Task Force guidance, through interactive sessions and case studies for finance, technology and legal professionals.
Financial literacy & educationFintech and insurtechBlockchain and distributed ledger technology
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2026-05-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has approved Kunsulu Sagdatovna Kapbasova as head and member of the governing body of ForteFinance JSC in the securities market. The decision is set out in Protocol No. 308/RCB dated 13 May 2026.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2026-05-15•United Arab Emirates•Ministry of Finance (United Arab Emirates)
The United Arab Emirates Ministry of Finance joined the 11th Annual Meeting of the New Development Bank’s Board of Governors in Moscow, reaffirming support for stronger economic and development cooperation within BRICS and the bank’s role in financing sustainable development amid technological change. UAE officials urged closer integration between development finance and long-term economic strategies, more efficient and responsive financing models, support for open rules-based trade, broader representation for emerging markets and developing economies, and greater use of technologies including artificial intelligence.
Policy & regulationCooperationFintech and insurtechMarket development
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2026-05-15•Czech Republic•Czech National Bank
The Czech National Bank published balance of payments commentary and monthly key-item data. It noted that when balance of payments figures are revised due to data updates or methodological changes, the corresponding quarterly and monthly time series for the relevant period are revised simultaneously.
Data & statisticsBalance of payments and other external statistics
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2026-05-15•Czech Republic•Czech National Bank
The Czech National Bank reported that investment funds’ net asset value fell by CZK 24.2 billion in March 2026 to CZK 2161.2 billion, though it remained 29.1% higher year-on-year. Equity funds saw the largest month-on-month decline, while bond holdings increased and equity securities and other investments decreased as shares of total net assets.
Data & statisticsFinancial and market indicators
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2026-05-15•Czech Republic•Czech National Bank
The Czech National Bank has updated its list of Czech-resident investment funds for monetary and financial statistics and confirmed that listed funds, or their management companies, must report under Decree No. 389/2024 Coll. The update reflects a December 2025 reclassification under the recast European Central Bank Regulation on investment fund statistics, which moved certain sub-fund structures into the financial auxiliaries sector. The list covers Czech investment and mutual funds under Act No. 240/2013 Coll. and excludes money market funds, which remain classified as monetary financial institutions.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-15•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy & Finance outlined a two-part response to housing market risks, combining accelerated housing supply with tighter controls on real estate-related finance and household debt. The government will bring forward major projects, appoint site-specific supply managers and review measures to boost short-term move-in-ready supply, while strictly enforcing home mortgage loan targets, expanding inspections of business loans secured by housing and coordinating with other agencies to address market-disrupting real estate activity.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-15•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance reviewed the domestic impact of the Middle East war and set the direction for its second half 2026 growth strategy, aiming to limit pressure on prices, jobs, livelihoods and industry while strengthening economic security. Near-term measures include keeping fuel prices below current maximums, launching a second round of high oil price support payments, applying tariff-rate quotas on imported meat, expanding pork supplies, tightening supply chain monitoring for key goods, and curbing hoarding and fertilizer sales. The ministry will finalize the strategy through inter-ministerial and Cabinet procedures, with publication expected around end-June.
Policy & regulationImplementation, projects & pilotsGeopolitical risk
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2026-05-15•Japan•Japan Financial Services Agency
The Japan Financial Services Agency published a press conference summary in which Finance Minister Katayama said he will attend the G7 Finance Ministers and Central Bank Governors Meeting in France, where discussions are expected to cover crude oil price shocks, market volatility, critical minerals, global imbalances, and fertilizer and food supply risks. He said Japan is monitoring the domestic impact of higher energy prices but expects no immediate rise in electricity and gas tariffs, and is relying on existing gasoline support measures. Katayama added that recent bond yield increases and yen weakness will be discussed at the G7.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2026-05-15•Poland•Ministry of Finance (Poland)
The Ministry of Finance (Poland) reported Finance and Economy Minister Andrzej Domański’s remarks at Impact’26, where he set a 10-year goal for Poland to become one of Europe’s three strongest economies, underpinned by investment in modern technologies, innovation, energy security and competitiveness. In a debate with International Monetary Fund Managing Director Kristalina Georgieva, he linked Poland’s growth to earlier reforms and European Union membership, and highlighted initiatives in capital markets, innovative firms, energy transition, space technologies and artificial intelligence as key growth drivers.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-15•South Africa•South African Reserve Bank
The South African Reserve Bank has updated its Currency and Exchanges Manual for Authorised Dealers (version 1.131) to remove HSBC Bank as an Authorised Dealer under Circular 17-2026. The manual’s list of banks whose South African offices may act as Authorised Dealers under the Exchange Control Regulations no longer includes HSBC Bank, while existing permissions, conditions and reporting requirements for authorised foreign exchange transactions remain in place.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2026-05-15•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission has introduced a new online portal feature enabling firms across all sectors to submit Change of Control and disposition of control notifications digitally. The portal uses logic-driven forms, automated information requests, downloadable structure charts and live status tracking, with guidance to be published when the feature goes live.
SupervisionRegulatory reportingOther
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2026-05-15•China•Ministry of Finance (China)
China’s Ministry of Finance and Ministry of Commerce have revised rules for the central government’s service industry development fund, extending the programme to 2028 and resetting eligibility, allocation methods, fund management and performance oversight. The fund will support new consumption growth areas, trade and distribution infrastructure and modern supply chains through grants, interest subsidies, award-based subsidies and government procurement. The measures tighten controls on misuse and duplicate funding, make performance evaluation a key basis for future allocations, and replace the 2023 rules with immediate effect.
Policy & regulationRules & requirementsOther
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2026-05-15•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services published results of its 2025 transparency supervision of 20 insurers offering Civil Liability and Professional Risks Insurance, finding significant improvements in disclosure after remediation, with the average score rising from 5.5 to 9.6 and 16 insurers achieving full compliance. Key deficiencies included unclear contractual information, missing regulatory legends and identifiers, incomplete disclosure of commissions and customer service details, and failures to evidence delivery of documents, which may still be subject to sanctions.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-15•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services published results of its 2025 transparency review of 21 group life insurers, finding 19 fully compliant after remediation and two partially compliant, with the average score rising from 6.0 to 9.8. The review identified deficiencies in contractual wording, statutory disclosures, contact details, claims and termination clauses, and online product information, which firms were required to correct. The authority stated that remediation does not preclude sanctions and that it will strengthen supervisory actions to improve information quality for users.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has issued Interim Measures for the Supervision and Administration of Derivatives Trading, its first rulebook for derivatives trading outside futures markets, covering swaps, forwards, non-standardized options and combinations. The measures define covered activities, ban use of derivatives for illegal conduct, strengthen trader protection and impose internal control and risk management requirements, including a minimum net capital of CNY 500 million for securities and futures companies. They take effect on 16 November 2026, after which non-compliant business cannot be expanded and must be wound down at maturity.
Policy & regulationRules & requirements
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2026-05-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission disclosed disciplinary action against Chu Tianhui, former Party committee member and deputy director of its Henan bureau, including expulsion from the Communist Party and dismissal from public office. Investigators found he accepted gifts and benefits, failed to report personal matters, conducted long-term illegal stock trading, improperly held unlisted company shares, and abused his supervisory role for others’ gain. His illegal proceeds were confiscated, and the Luohe supervisory commission transferred suspected criminal matters to prosecutors for review.
EnforcementInvestigations & enforcement actionsBribery and corruption
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2026-05-15•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore has confirmed a shift to a more disclosure-based regime for complex products, removing mandatory financial advice for most such products while retaining safeguards for less knowledgeable investors. The revised framework enhances Product Highlights Sheets and labelling, classifies Investment-Linked Policies as complex products, and introduces pre-transaction alerts and customer knowledge checks. MAS will consult separately on legislative amendments to implement these changes.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-05-15•Italy•Bank of Italy
The Bank of Italy reported that resident sectors recorded net bond issuance of EUR 15.8 billion in March 2026, driven by general government issuance, while benchmark yields on 3-year, 10-year and 30-year BTPs and CCTs rose in April. The Bank also added table SHI0100 to its Statistical Database, providing quarterly data on securities held by resident institutional sectors from December 2021 based on Eurosystem securities holders statistics.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-15•Italy•Bank of Italy
The Bank of Italy reported that general government debt rose to EUR 3,158.8 billion at end-March 2026, up EUR 19.5 billion from February, with a borrowing requirement of EUR 31.5 billion. This was financed mainly through EUR 20.7 billion in debt instrument transactions and a EUR 10.8 billion drawdown of Treasury liquid balances, which fell to EUR 64.0 billion, leaving debt net of those balances at EUR 3,094.8 billion. Medium and long-term securities remained the largest component at EUR 2,509.2 billion, with average residual maturity stable at 7.9 years.
Data & statisticsEconomic data and developmentsFinancial and market indicators
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2026-05-15•Laos•Bank of the Lao
The Bank of the Lao PDR reported that a Deputy Governor and officials received a courtesy visit from an Industrial and Commercial Bank of China board delegation led by board member Dong Yang, focusing on policy guidance, banking sector management and operating plans for ICBC’s Vientiane branch. The central bank stated that the visit aims to support the branch in aligning its internal policies with the Bank of the Lao PDR’s plans.
Policy & regulationGuidance & interpretationOther
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2026-05-15•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission and the Financial Services Regulatory Authority of ADGM have signed a memorandum of understanding establishing a formal framework for cooperation and mutual assistance on capital markets supervision and regulation. The MoU provides for structured information exchange and joint work on anti-money laundering, counter-terrorist and proliferation financing, sanctions compliance, investor protection, market integrity and cross-border supervision.
Policy & regulationCooperationCross-border cooperation
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2026-05-15•China•Central Bank of the Republic of China
The People's Bank of China Governor Pan Gongsheng met Visa Chief Executive Officer Ryan McInerney to discuss China–US trade and economic relations. The meeting also addressed Visa's business development in China.
Other
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2026-05-15•Europe•European Central Bank
The European Central Bank published research finding that euro area equity markets remain fragmented and that integration within the euro area has advanced more slowly than euro area investors’ integration with the United States. Using a structural gravity model, the study estimates that frictions on intra-euro area cross-border equity holdings fell by about 12 percentage points in tax-equivalent terms between 2014 and 2023, compared with about 25 percentage points for euro area-United States holdings. The research concludes that meeting EU savings and investments union objectives will require further reductions in fragmentation, including greater supervisory and regulatory harmonisation.
ResearchCross-border paymentsMarket development
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2026-05-15•Europe•European Central Bank
The European Central Bank published analysis showing that cross-country dispersion in euro area real GDP growth has fallen to relatively low levels, with recent differences driven mainly by demographic and labour market factors rather than productivity. Dispersion in real GDP per capita has generally declined since 2015, with recent growth differences largely explained by Germany’s weaker and Spain’s stronger performance, shaped by population dynamics, labour force participation and unemployment. The ECB warns that the war in the Middle East and related energy price pressures could again increase cross-country growth dispersion, especially in manufacturing and other energy‑intensive sectors.
ResearchEconomic data and developments
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2026-05-15•Europe•European Central Bank
The European Central Bank published Economic Bulletin research on how tariff increases affect greenfield foreign direct investment and the implications for the euro area, finding that tariffs generally raise greenfield FDI as firms bypass trade barriers, but high-intensity measures deter manufacturing investment and did not trigger a broad-based surge in US manufacturing FDI. The article reports heterogeneous sectoral effects and notes that US inward greenfield FDI was elevated but concentrated in a few large projects, while euro area outward greenfield FDI to the United States declined, leading to the assessment that risks to the euro area remain contained.
Research
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2026-05-15•Europe•European Central Bank
The European Central Bank analysed the January 2026 changes to the Harmonised Index of Consumer Prices, which aligned the euro area measure with the COICOP 2018 standard via ECOICOP version 2, rebased the index to 2025 = 100 and extended the euro area aggregate to include Bulgaria. The ECB reported that the new classification refines the split between goods and services and better reflects consumption patterns, while leaving headline HICP inflation broadly unchanged and only marginally affecting main aggregates and most underlying indicators, with larger revisions to Supercore.
Policy & regulationRules & requirementsEconomic data and developments
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2026-05-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced that the Hong Kong Green and Sustainable Finance Cross-Agency Steering Group has issued the first phase of an operational reference guide on transition finance for the technology sector, using information and communications technology as a pilot and focusing on entity-level financing and investment. Developed by an industry working group, the guide maps common elements of international frameworks, sets out core transition-related information and metrics, and provides case studies, with later phases to address activity-level financing and stewardship and engagement.
Policy & regulationGuidance & interpretationClimate risk and sustainable financeDisclosures
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2026-05-15•Estonia•Central Bank of Estonia
The Central Bank of Estonia published the March 2026 flash estimate of the balance of payments, noting that it is an early monthly estimate rather than the definitive quarterly dataset. The bank explained that the quarterly balance of payments is based on broader primary data, including company surveys, while the monthly estimate relies on a smaller set of administrative data and international payments reports and is revised once quarterly figures are available.
Data & statisticsBalance of payments and other external statistics
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2026-05-15•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission held a seminar in Chiang Mai to address operational problems in insurance arbitration, focusing on limitation periods and compensation assessment, and to promote more consistent case handling between central and regional offices. Senior officials also met local insurers to reinforce policies on reducing complaints and ensuring unresolved cases are reviewed by internal complaint units under service level agreements, with outcomes to inform the Office’s 2026 arbitration seminar.
Policy & regulationGuidance & interpretationOther
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2026-05-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s Agency for Regulation and Development of the Financial Market, with the National Bank and international consultants, is developing a Capital Market Development Programme through 2030 and a new capital market law to modernise the market model and expand long term market-based financing. Measures include broadening the investor base, reforming pension asset management, digitising securities issuance, modernising market infrastructure, strengthening corporate governance and investor protection, and easing foreign investor access.
Policy & regulationReform agendas & prioritiesCapital adequacy
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2026-05-15•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has appealed a Federal Court order imposing AUD 7 million in civil penalties on Cigno Australia, BSF Solutions and two directors, arguing the penalties are insufficient to deter misconduct. ASIC notes the lending model generated more than AUD 90 million in unlawful fees, no remediation has occurred, and seeks clarification from the Full Federal Court on using legal advice in mitigation and whether “benefit obtained” for penalties should be based on profit or gross revenue.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-05-15•Global•World Bank
The World Bank’s Board approved a USD 500 million loan anchoring a USD 968 million package to expand financing for low-carbon industrial commodities, clean fuels and enabling infrastructure in Brazil’s Northeast. Channeled through Banco do Nordeste and complemented by concessional loans, grants and commercial financing, it will support first-of-a-kind and commercial demonstration projects in sustainable aviation fuels, low-carbon fertilizers, steel, cement and shared infrastructure. Grants will fund R&D and project preparation to address high upfront costs, technology risk, infrastructure gaps and limited long-term finance.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeMarket development
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2026-05-15•Asia•Asia/Pacific Group on Money Laundering (APG)
The Asia/Pacific Group on Money Laundering, with the World Bank and the Pacific Islands Forum Secretariat, completed its first implementation support visit to Tuvalu since the country joined APG in 2023. The visit focused on helping Tuvalu strengthen an AML/CFT/CPF framework tailored to its risk profile and national circumstances.
Policy & regulationImplementation, projects & pilotsAML and CFTDomestic cooperation
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2026-05-15•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that Overseas Filipino cash remittances reached USD 2.87 billion in March 2026, bringing January to March cash remittances to USD 8.68 billion, up 2.8 percent year on year. Personal remittances totaled USD 3.20 billion in March and rose 2.8 percent year to date to USD 9.66 billion, with the United States, Singapore and Saudi Arabia as the top sources. The central bank highlighted limitations in source-country data due to routing through correspondent banks and money couriers.
Data & statisticsBalance of payments and other external statistics
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2026-05-15•Barbados•Central Bank of Barbados
The Central Bank of Barbados warned that recent geopolitical tensions and disruptions to major shipping and energy routes could affect Barbados through higher prices and weaker availability and reliability of essential imports, which account for roughly 48 percent of total imports. The note highlights the economy’s heavy reliance on maritime transport and below-benchmark liner shipping connectivity, and recommends stronger storage capacity for critical goods, more diversified suppliers, deeper regional trade linkages, support for selected domestic production, and faster renewable energy investment to reduce vulnerability.
Policy & regulationGuidance & interpretationEconomic data and developments
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2026-05-15•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of Kosovo said Governor Ahmet Ismaili used a regional governors’ meeting at the Croatian National Bank to outline Kosovo’s financial sector reform agenda, including joining the Single Euro Payments Area, developing instant payments via the TIPS Clone initiative, and adopting EU‑aligned rules for payment services and crypto-assets. He called for innovation-friendly, risk-based regulation, stronger supervision and cyber resilience to boost financial inclusion, competition and lower cross-border payment and remittance costs, and noted that, as a euroized economy, Kosovo is closely following digital euro work and preparing to align with future European payments frameworks.
Policy & regulationReform agendas & prioritiesCross-border cooperationFinancial stability and systemic risk
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2026-05-15•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo published its April 2026 balance sheet and reserve assets data, reporting total assets of EUR 1.90 billion and international reserve assets of EUR 1.48 billion, both higher month on month. The rise in reserve assets was driven mainly by higher deposits and securities investments, with foreign deposits and securities totaling about EUR 1.38 billion and deposits at the central bank reaching EUR 1.59 billion.
Data & statisticsBalance of payments and other external statistics
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2026-05-15•Cayman Islands•Ministry of Finance & Economic Development (Cayman Islands)
The Cayman Islands Ministry of Finance and Economic Development reported that Premier and Minister for Financial Services and Commerce André M. Ebanks completed a two-day mission in Shanghai to engage financial services stakeholders on innovation, client relationships, and regulatory developments relevant to the Asian market. He held discussions with firms including CITIC Group, Vistra and Han Kun, as well as the British Chamber of Commerce in China and the British Consul General to Shanghai, and attended a reception hosted by Appleby Shanghai.
OtherCross-border cooperation
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2026-05-15•Global•Egmont Group
The Egmont Group published a readout of its Egmont Committee intersessional meeting in Krakow, where members advanced governance, strategic and operational priorities between plenary sessions. Discussions focused on implementing the 2022–2027 Strategic Plan, strengthening governance and engagement across the network, and preparing for institutional milestones including the 32nd Egmont Group Plenary. Members also met the head of Financial Intelligence Unit Poland and representatives of the National Revenue Administration.
Institutional developmentGovernanceOrganizational structure
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2026-05-15•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has signed a cooperation agreement with the International Institute of Antifraud Forensic Auditors to strengthen staff training and professional development in antifraud forensic auditing. The agreement aims to enhance the supervisor’s capacity to prevent, detect and investigate fraud, corruption and money laundering, and provides access to academic, scientific and technical training, international certifications and scholarships for its employees.
Institutional developmentCooperation & capacity buildingAuditingCapacity building
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2026-05-15•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has urged Australians to check for lost or unclaimed money, with about AUD 2.7 billion currently held where banks, insurers and companies have been unable to return funds after seven years. Individuals can search and claim for free via the Moneysmart unclaimed money tool, while smaller bank balances under AUD 500 should be claimed directly from the bank and some balances may earn interest from 1 July 2013 onwards.
Financial literacy & educationOther
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2026-05-15•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 letter from Ranking Member Elizabeth Warren to incoming Federal Reserve Chair Kevin Warsh questioning whether he has completed required divestments and fully disclosed his financial holdings. Warren alleges Warsh failed to disclose about USD 100 million in assets and related income, raising potential compliance issues under federal ethics laws and seeks detailed information on the nature, sale, and potential conflicts of his holdings.
Policy & regulationOtherCorporate governance
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2026-05-15•South Korea•Bank of Korea
The Bank of Korea’s preliminary April 2026 export and import price and trade indexes showed a sharp month-on-month rise in export prices in Korean won terms and a decline in import prices. Export prices rose 7.1 percent on the month and 40.8 percent year on year, while import prices fell 2.3 percent on the month but remained 20.2 percent higher year on year; export volumes increased 12.4 percent year on year and import volumes edged down 0.1 percent, with export and import values up 50.2 percent and 16.8 percent respectively.
Data & statisticsBalance of payments and other external statistics
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2026-05-14•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has established a working group under its public private partnership conference to strengthen financial sector cybersecurity against artificial intelligence-related threats. The group brings together financial institutions, technology providers, industry associations and government bodies, including the Bank of Japan, to build a shared understanding of AI-driven cyber risks and consider countermeasures, with discussions confidential due to their cybersecurity sensitivity.
Policy & regulationCooperationCyber resilience
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2026-05-14•Japan•Japan Financial Services Agency
The Japan Financial Services Agency marked Gambling Addiction Awareness Week by directing individuals with gambling-related financial problems to multiple debt consultation services and the loan self-restraint system. The agency emphasized that gambling addiction can cause loss of control, debt and wider social issues, and urged early use of consultation desks and self-restraint mechanisms, which allow individuals to block new borrowing for spending and gambling.
Financial literacy & educationOther
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2026-05-14•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia has proposed a socio-environmental pricing system for supervised entities to evaluate development projects by incorporating social welfare and environmental sustainability alongside private profitability. The system would estimate the social value of labor, public revenue, investment, foreign exchange, carbon, and the social discount rate, favoring labor-intensive, foreign exchange-generating, fiscally strengthening, lower-carbon projects.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeCarbon markets
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2026-05-14•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York reported to the US Congress that the Federal Reserve and US Treasury did not intervene in foreign exchange markets during January through March 2026. The report noted a 1.1 percent rise in the US dollar on the Federal Reserve Board’s broad trade-weighted index, driven by negative terms-of-trade shocks for major energy importers amid the US-Iran conflict and higher US export prices, with the euro, Korean won and Canadian dollar the largest contributors.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-05-14•Russia•Central Bank of Russia
The Central Bank of Russia reported that banks prevented nearly 16.8 million fraudulent transactions in the first quarter of 2026, stopping attempted theft of RUB 1.8 trillion, while clients reported 495,800 fraudulent transactions and actual losses totaled RUB 7.4 billion, 10.2% lower than in the previous quarter. The review notes malware attacks on legal entities via deceptive emails enabling remote access and disguised transfers. Over the same period, the Central Bank initiated the blocking of 10,500 fraudulent websites and social media pages and shared details of 8,300 fraud-related phone numbers with telecom operators.
SupervisionRisk monitoring & watch pointsFraud and scams
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2026-05-14•United States•Federal Reserve Board
The Federal Reserve Board published results from two Senior Financial Officer Surveys on banks’ views regarding discount window operating days and reserve balance management strategies and practices. The surveys collected information on reserve balance management, balance sheet and deposit expectations, money market activity, and discount window views from smaller banks and from institutions holding about three-fourths of total system reserve balances.
Data & statisticsSupervisory data
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2026-05-14•United States•Federal Reserve Board
The Federal Reserve Board announced that Stephen I. Miran has submitted his resignation as a Board member, effective when or shortly before his successor is sworn in. Miran joined the Board on September 16, 2025, to fill an unexpired term ending January 31, 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-14•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic’s Pensions Superintendency published comments by Superintendent Francisco A. Torres outlining measures to guide an update to the pension system and Social Security Law 87-01, including a guaranteed minimum pension funded by the solidarity fund, higher contribution rates, and expanded access for self-employed workers and Dominicans abroad. Torres also proposed enhanced complementary pension plans with options for early withdrawals for housing, education, and medical needs, citing actuarial assessments indicating the package could raise current pension amounts by 25% to 50% and increase replacement rates to 75% or more of final salary for new entrants.
Policy & regulationReform agendas & priorities
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2026-05-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority approved Maharah Human Resources Company’s capital increase from SAR 475 million to SAR 600 million via a bonus share issue, adding 125 million shares and granting shareholders five bonus shares for every 19 existing shares. The increase will be funded by transferring SAR 103,056,265 from statutory reserves and SAR 21,943,735 from retained earnings, and remains subject to an extraordinary general assembly and compliance with regulatory requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Arabian Internet and Communications Services Company’s capital increase to SAR 2.4 billion from SAR 1.2 billion through one bonus share for each existing share, funded by transferring SAR 1.2 billion from retained earnings. The move will double outstanding shares to 240 million, with eligibility based on shareholders registered at the Securities Depository Center as of the second trading day after a due date set by the board, and is subject to an extraordinary general assembly within six months.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority reported that the Appeal Committee for the Resolution of Securities Disputes issued two final decisions convicting 15 individuals of market manipulation and fraud in shares of six listed insurance companies, and one individual of unlicensed portfolio management. The decisions impose more than SAR 10.7 million in fines, require repayment of over SAR 12 million in illegal gains, and bar the unlicensed manager from trading and certain licensed activities for five years. Affected investors may seek compensation individually or via class action, and those who contracted with the unlicensed manager may seek rescission and recovery under Article 60(b) of the Capital Market Law.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-14•Mexico•Mexico Comision Nacional de Seguros y Fianzas (CNSF)
Mexico’s National Insurance and Surety Commission (CNSF) warned that fraudsters are impersonating authorised insurance, surety and reinsurance institutions to offer “financial products” for economic gain. The CNSF also flagged unauthorised persons posing as insurance or surety institutions or agents and offering products that appear to back or be required for obtaining credit.
SupervisionAlertsFraud and scams
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a markup of H.R. 3633, the Digital Asset Market Clarity Act of 2025, which would establish a clearer federal framework for digital assets. Chairman Tim Scott said the bill aims to protect consumers, retain digital asset innovation in the United States, and strengthen national security by enhancing disclosures, fraud safeguards, and anti-money-laundering and sanctions rules. He said the bill reflects months of bipartisan negotiations and expects the committee to keep advancing it.
Policy & regulationRules & requirementsFintech and insurtech
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2026-05-14•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has amended qualified buyer rules so securities exempt from registration count toward portfolio thresholds. Individuals need qualifying income or a PHP 10 million portfolio, while juridical persons need PHP 100 million in gross assets or a PHP 60 million portfolio. All parties to joint arrangements must maintain qualified buyer status to make further purchases.
Policy & regulationRules & requirementsSecurities offerings and listingsBeneficial ownershipConsumer and investor protection
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs advanced the Digital Asset Market Clarity Act of 2025 in a bipartisan markup, sending the digital asset market structure bill to the Senate floor following a 15-9 vote. The bill is intended to establish clearer rules for digital assets, with Chairman Tim Scott stating it would pair clearer rules with stronger safeguards and better tools to stop bad actors after nearly a year of bipartisan negotiations.
Policy & regulationRules & requirements
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2026-05-14•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services has reported six bills to the House of Representatives, including the Price Stability Act of 2025, which would replace the Federal Reserve’s dual mandate with a single mandate focused on price stability. The other bills would enhance protections against fraud affecting retirees, require joint federal assessment of artificial intelligence risks in financial crime, establish AI innovation labs and regulatory sandboxes, and direct regulators to upgrade supervisory technology and fraud-fighting tools, including for community banks and credit unions.
Policy & regulationRules & requirementsArtificial intelligenceRegulatory sandbox
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2026-05-14•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation has published the public sections of informational filings submitted by six large insured depository institutions under its triennial resolution planning requirements. Each filing comprises a public section, now available on the agency’s website, and a nonpublic confidential section.
SupervisionRegulatory reporting
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2026-05-14•El Salvador•Central Reserve Bank of El Salvador
The Central Reserve Bank of El Salvador reported increased usage of its Transfer365 instant payments service around Mother’s Day, with US$16.10 million processed in 127,391 transfers on 10 May alone. Between 1 and 12 May 2026, transfers via Transfer365 and related services rose to US$1,609.11 million in 2,364,377 operations from US$1,332.41 million in 1,558,189 operations a year earlier, including a more than tripling in value and volume of transfers referencing Mother’s Day.
Data & statisticsPayments and payment systems
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2026-05-14•Canada•Ontario Securities Commission
The Ontario Securities Commission’s Registration, Inspections and Examinations Division has set its 2026–27 Examination Priorities, maintaining a risk-based focus on high-impact firms identified through the Risk Assessment Questionnaire. The plan includes a thematic sweep on marketing practices with Canadian Securities Administrators partners and joint examinations of selected Canadian Investment Regulatory Organization firms, and notes that work will remain responsive to emerging risks. The division is also exploring technology, including artificial intelligence, to improve examination processes while retaining regulatory judgment.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-05-14•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario published its Q1 2026 solvency report for Ontario defined benefit pension plans, reporting a median solvency ratio of 122 per cent, down two points from the previous quarter due to economic uncertainty. The authority noted that overall solvency remains strong but funding positions are sensitive to investment and interest rate changes, and it urged more proactive, forward-looking risk management using stress testing and other analytical tools.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-14•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario reported a median solvency ratio of 122 percent for defined benefit pension plans as at 31 March 2026, down from 124 percent at year-end 2025, and asked administrators to correct Pension Services Portal profile and jurisdictional membership data. It updated its anonymized summary of retroactive adverse amendments, highlighted recurring actuarial reporting errors on Incremental Cost, and noted that sampled plans remained generally well funded. The Government of Ontario doubled the Pension Benefits Guarantee Fund monthly guarantee limit to CAD 3,000 for eligible plans effective 26 March 2026, with related reporting changes expected from 1 July 2026 and no form changes required.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-05-14•Serbia•National Bank of Serbia
The National Bank of Serbia has published the latest results of its quarterly survey on banks’ lending activity, together with the questionnaire and methodological explanations. The voluntary survey, conducted since 2014 with participation from almost all banks and aligned to euro area central bank practices, supports assessment of credit activity and informs monetary and macroprudential policy, government economic policy, and banks’ lending standards.
Data & statisticsSupervisory data
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2026-05-14•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority and the Higher School of Banking held a conference on financing the Algerian economy through a multi-actor model. The discussions highlighted recent COSOB regulatory reforms, activity at the Algiers Stock Exchange and financing tools such as private equity, venture capital mutual funds and sukuk. The event also addressed transaction security through Algeria Clearing.
Policy & regulationCooperationMarket development
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2026-05-14•United States•Federal Reserve Board
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined a more tailored supervisory approach for community banks, stressing alignment with size, complexity, risk, and business model and a focus on material financial risks rather than procedural issues. She highlighted disproportionate burdens from the current expected credit loss framework and Regulation O, clarified that Matters Requiring Attention and Matters Requiring Immediate Attention should address deficiencies that could materially harm a bank’s financial condition, and reaffirmed cybersecurity and operational resilience as core priorities.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-05-14•Global•Financial Markets Standards Board
The Financial Markets Standards Board has published its 2025 Annual Report, detailing progress against strategic priorities in its tenth anniversary year and highlighting eight publications, including the paper “Future of financial markets,” one Standard, three Statements of Good Practice and three Spotlight Reviews. The report notes four new members, a memorandum of understanding with the UK Debt Management Office, bringing formal public authority agreements to five, and a tenth anniversary event at Bloomberg.
Institutional developmentOther
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2026-05-14•United States•Federal Reserve Board
The Federal Reserve Board published results from two Senior Financial Officer surveys on banks’ views regarding discount window operating days, strategies for managing reserve balances, and expectations for balance sheets, deposits, money market activity, and the discount window. One survey, conducted from January 30 to February 9, 2026, covers smaller banks with median assets below USD 5 billion, while a second survey conducted with the Federal Reserve Bank of New York from March 20 to March 30, 2026, covers banks holding about three-fourths of total system reserves.
Data & statisticsSupervisory data
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2026-05-14•United States•Federal Reserve Board
The Federal Reserve Board announced that Stephen I. Miran has submitted his resignation as a member of the Board, effective when or shortly before his successor is sworn in. Miran has served since September 16, 2025, filling an unexpired term ending January 31, 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-14•Portugal•Bank of Portugal
The Bank of Portugal has set financial and operational resilience as its 2026 supervisory priorities for less significant credit institutions. Reviews will cover loan pricing, geopolitical credit exposures, governance, interest rate and credit spread risks, DORA implementation, digital fraud and digitalisation strategies. The authority will also assess artificial intelligence governance and CRR3 capital requirements.
SupervisionSupervision approach, priorities & toolkitOperational risk and resilienceCapital adequacyFinancial stability and systemic risk
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2026-05-14•Argentina•Central Bank of Argentina
The Central Bank of Argentina approved its 2025 accounts, reporting an ARS 34.3 trillion profit and a 66.3% increase in net worth to ARS 51.3 trillion. International reserves rose 48.5% to USD 41.095 billion, while lower interest expenses and stronger trading gains supported the result. The board made ARS 24.4 trillion of accumulated results available to the Treasury after allocating ARS 11.4 trillion to capital and reserves.
Institutional developmentOtherAccounting and financial reportingActivity and performance reportingAsset quality
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2026-05-14•United States•U.S. Senate Committee on Finance
The U.S. Senate Finance and Banking Committee ranking members sent a letter to the U.S. Department of the Treasury questioning the U.S. Mint’s gold sourcing after reports it purchased gold from foreign mines controlled by criminal and sanctioned groups. The senators seek details on implementation of Treasury Office of Inspector General recommendations, safeguards against U.S. dollar access by transnational criminal organizations, any Venezuelan gold purchases, coordination with the Office of Foreign Assets Control, and plans to ensure the Mint sources gold domestically.
Policy & regulationOther
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2026-05-14•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan revoked the licence of E-Kredit Non-Bank Credit Institution LLC on 13 May 2026 following the firm’s voluntary application, as part of its ongoing supervision of non-bank credit institutions. E-Kredit must cease operations when the decision takes effect and be liquidated in accordance with the Civil Code.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2026-05-14•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held a training session for media representatives on open banking as part of its financial literacy and public awareness efforts. The session outlined the concept, its role in the financial sector, and its potential to enhance competition, innovation, transparency and efficiency in financial services.
Financial literacy & educationFinancial literacy and educationOpen banking and finance
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2026-05-14•Albania•Bank of Albania
The Bank of Albania published a keynote speech by First Deputy Governor Zaçaj on the impact of Albania’s accession to the Single Euro Payments Area, highlighting strong growth in SEPA credit transfers, sharply lower cross-border transfer costs, and increased use of electronic payments and bank accounts. He linked these outcomes to regulatory and infrastructure reforms, including transposition of the EU Second Directive on Payment Services, new e-money and open banking providers, SEPA-style schemes, and fee caps favouring digital payments. Zaçaj also noted persistent cash use and fraud and cybersecurity risks, and said the Bank is preparing instant payments via a regional TIPS Clone platform interoperable with European infrastructure to support regional integration and future EU accession.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Ranking Members Elizabeth Warren and Jack Reed have asked the U.S. Treasury and Justice Department to investigate World Liberty Financial, citing reports of partnerships and token sales involving sanctioned and other illicit actors. The senators question whether the firm maintains adequate sanctions and counter-illicit finance controls and properly vets partners, counterparties, and users, and seek information on how authorities are considering enforcement actions against companies that fail to maintain such controls.
EnforcementInvestigations & enforcement actionsAML and CFTCorporate governance
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Banking Committee, has asked the SEC to investigate whether the Trump family’s cryptocurrency company, World Liberty Financial, misled investors or violated securities laws in connection with a USD 75 million borrowing backed by its WLFI tokens. The letter highlights the use of locked WLFI tokens as collateral via the Dolomite decentralized lending protocol, price declines and withdrawal constraints, and a token unlock schedule that leaves early investors with limited liquidity.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Minority staff of the U.S. Senate Committee on Banking, Housing and Urban Affairs issued a national security advisory warning that the Clarity Act would exacerbate illicit finance risks in cryptocurrency and decentralized finance markets. The advisory argues the bill fails to adopt global anti-money laundering standards for crypto platforms, creates exemptions for DeFi-related businesses, leaves the “Tornado Cash loophole” open, and preserves a stablecoin-related sanctions loophole.
Policy & regulationOtherAML and CFTDeFi
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2026-05-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released Ranking Member Elizabeth Warren’s opening remarks opposing advancement of H.R.3633, the Digital Asset Market Clarity Act of 2025. She argued the bill would weaken securities and state anti-fraud protections, heighten financial stability and national security risks, leave ethics concerns over officials’ crypto interests unresolved, and called for full debate on excluded amendments before the bill proceeds.
Policy & regulationRules & requirementsFintech and insurtech
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2026-05-14•Canada•Canadian Securities Administrators
The Canadian Securities Administrators has proposed changes to issuer bid, take-over bid and beneficial ownership reporting rules. The proposals would permit selective issuer repurchases under a new exemption, strengthen disclosure of certain derivative interests and clarify filing, early warning and public interest requirements.
Policy & regulationRules & requirementsBeneficial ownershipDisclosuresRegulatory reporting
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2026-05-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority approved Arabian Internet and Communications Services Company’s plan to double its capital to SAR 2.4 billion via a one-for-one bonus share issue funded by transferring SAR 1.2 billion from retained earnings. The move will increase outstanding shares from 120 million to 240 million, subject to an extraordinary general assembly and the company meeting all regulatory requirements.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority approved Maharah Human Resources Company’s capital increase from SAR 475 million to SAR 600 million through the issuance of five bonus shares for every 19 existing shares. The increase will be funded by transfers from statutory reserves and retained earnings and will raise the number of outstanding shares from 475 million to 600 million, subject to shareholder eligibility and an extraordinary general assembly.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-14•Albania•Bank of Albania
The Bank of Albania reported that Albania’s entry into the Single Euro Payments Area in November 2025 has reduced cross-border euro transfer costs and accelerated digital payments, with 363,000 SEPA credit transfers worth EUR 4.3 billion in the first six months. The bank cited prior legal and infrastructure reforms, rising use of online, card and mobile payments, and higher bank account ownership. It is reviewing the payment services law for full EU alignment and preparing instant payments via the regional TIPS Clone platform, while addressing persistent cash use, fraud and cybersecurity risks.
Policy & regulationImplementation, projects & pilotsCross-border payments