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  • 2026-05-13United StatesNational Credit Union Administration

    National Credit Union Administration chairman participates in Treasury and OCC roundtable on financial education and Trump Accounts

    The National Credit Union Administration reported that Chairman Kyle Hauptman joined a financial literacy roundtable hosted by the U.S. Department of the Treasury and the Office of the Comptroller of the Currency, focused on best practices and collaboration on financial education, including how credit unions can help members understand Trump Accounts. Two credit unions presented school-based financial education initiatives, and participants discussed curriculum development, digital tools, gaming, experiential learning, and expanding access to financial guidance.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-13TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority calls for greater innovation and technology use to expand insurance access

    The Tanzania Insurance Regulatory Authority has urged insurance sector stakeholders to strengthen innovation and technology use to expand access to affordable, transparent, needs-based insurance products. At the Tanzania R3Lab workshop, it highlighted low insurance penetration, weak innovation infrastructure, limited insurer–technology collaboration and regulatory gaps as key obstacles, and signalled openness to a regulatory sandbox to support safe testing of new solutions while protecting customers and market stability.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2026-05-13AngolaMinistry of Finance (Angola)

    Angola Ministry of Finance publishes Credit Guarantee Fund 2025 results with a 19% 2026 growth forecast and regional expansion plans

    The Angola Ministry of Finance published data from the Credit Guarantee Fund’s 2025 report, showing a 9% rise in revenues and a 19% increase in the financial intermediation result, equivalent to an additional AOA 250 million, alongside higher intermediation and commercialisation costs. The fund forecasts 19% growth in 2026, plans to expand access to finance and guarantees for micro, small and medium-sized enterprises, and will open a branch in Saurimo to extend coverage to eastern Angola.

    Policy & regulationImplementation, projects & pilotsActivity and performance reporting
  • 2026-05-13UgandaUganda Capital Markets Authority

    Uganda Capital Markets Authority holds first biannual intermediaries forum on proactive technology enabled compliance

    The Uganda Capital Markets Authority said it held its first Bi-Annual Capital Markets Intermediaries Forum 2026 to promote more proactive, technology-enabled compliance across the capital markets sector. The forum covered the annual compliance report, sector-wide risk assessment, anti-money laundering obligations and the regulatory sandbox. Officials also stressed risk-based supervision and stronger defenses against fraud, fake investment websites and money laundering risks.

    SupervisionSupervision approach, priorities & toolkitComplianceRegtech and suptech
  • 2026-05-13UgandaBank of Uganda

    Bank of Uganda publishes May 2026 macroeconomic indicators showing 3.0 percent inflation and a 9.75 percent policy rate

    The Bank of Uganda's May 2026 macroeconomic indicators pack showed headline and core inflation at 3.0 percent in April 2026, with the Central Bank Rate unchanged at 9.75 percent. Food inflation eased further while energy-related inflation accelerated, and the latest lagged data showed gross reserves at USD 6,007.6 million with 4.0 months of import cover and private sector credit at UGX 29,157 billion.

    Data & statisticsEconomic data and developments
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank's Philip Lane says global energy shocks pose larger euro area inflation and growth risks than regional shocks

    The European Central Bank published remarks by Executive Board member Philip Lane, who presented staff analysis showing that a global energy shock would depress euro area activity more and generate stronger non-energy inflation spillovers than a regional shock. Simulations suggest a 10 per cent geopolitical oil supply shock could reduce real GDP growth by 0.2–0.3 percentage points annually over three years, with global shocks producing a cumulative non-energy inflation contribution of about 1.5 percentage points versus 0.4 for regional shocks. Lane said only material and persistent inflation overshoots would warrant more forceful monetary policy and noted that energy shock scenarios are embedded in recent and upcoming ECB staff projections.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank President Lagarde urges Europe to act on Draghi competitiveness report and strengthen common institutions

    European Central Bank President Christine Lagarde used a speech in Aachen to argue that Europe must convert episodes of decisive leadership, such as Mario Draghi’s “whatever it takes” intervention, into lasting common institutions to close gaps in its economic and financial architecture. She endorsed Draghi’s diagnosis of structural weaknesses in the single market, energy, capital and defence sectors, and urged European leaders to act on these findings amid ongoing economic and geopolitical shocks.

    Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
  • 2026-05-13CanadaOntario Securities Commission

    Ontario Securities Commission CEO Grant Vingoe elected IOSCO Vice-Chair for 2026 to 2028 term

    The Ontario Securities Commission announced that its Chief Executive Officer, Grant Vingoe, has been elected Vice-Chair of the International Organization of Securities Commissions for the 2026 to 2028 term. Vingoe will join IOSCO’s senior leadership while continuing as OSC CEO, working with regulators from advanced and emerging markets on market integrity, investor confidence, financial innovation, cross-border cooperation, and systemic risk.

    Institutional developmentLeadership change & appointmentsCross-border cooperationLeadership change and appointments
  • 2026-05-13Trinidad & TobagoMinistry of Finance (Trinidad & Tobago)

    Trinidad and Tobago Ministry of Finance highlights FIUTT emphasis on VASP reporting duties as TTSEC admits eight firms to the sandbox

    The Ministry of Finance of Trinidad and Tobago reported remarks by the Financial Intelligence Unit underscoring that virtual asset service providers (VASPs) are subject to oversight under the Virtual Assets and Virtual Asset Service Providers Act and must report suspicious transactions. The release notes that the Trinidad and Tobago Securities and Exchange Commission has granted sandbox certificates to eight VASPs and that the FIUTT is working with the TTSEC, the Central Bank and the Trinidad and Tobago Police Service on regulation and enforcement as the virtual asset sector develops.

    Policy & regulationGuidance & interpretationAML and CFTSupervision process and methodologies
  • 2026-05-13PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission suspends monthly penalties for overdue corporate reports until December 31

    The Philippine Securities and Exchange Commission has suspended monthly penalties for late or non-filing of annual financial statements and general information sheets until December 31, 2026. Base fines remain in effect, and final but unpaid assessments will be revised to remove the monthly charges.

    Policy & regulationRules & requirementsAccounting and financial reportingRegulatory reportingCompliance
  • 2026-05-13United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation approves deposit insurance for Stellantis Bank USA subject to 15 percent leverage and parent support conditions

    The Federal Deposit Insurance Corporation approved federal deposit insurance for Stellantis Bank USA, a proposed Utah-chartered industrial bank focused on nationwide automotive financing, subject to multiple pre-opening conditions. The order requires at least USD 150 million in initial capital, a minimum 15 percent Tier 1 leverage ratio, written capital and liquidity support agreements from Stellantis affiliates, governance and affiliate-transaction safeguards, and completion of a Community Reinvestment Act strategic plan. Insurance will only become effective once the bank secures its Utah charter and other approvals and passes an FDIC pre-opening visitation.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-13EstoniaCentral Bank of Estonia

    Central Bank of Estonia Supervisory Board reviews latest financial stability review and economic conditions

    The Supervisory Board of the Central Bank of Estonia reviewed the latest financial stability report and received an update on economic conditions in the euro area, Estonia and neighbouring countries at its regular meeting. The next meeting of the Supervisory Board is scheduled for 16 June.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
  • 2026-05-13VietnamVietnam State Securities Commission

    Vietnam State Securities Commission reports seminar on IFRS adoption for listed companies under market upgrade agenda

    The Vietnam State Securities Commission reported on a Hanoi seminar under the Vietnam Stock Exchange’s 2026 training plan focused on International Financial Reporting Standards adoption for listed companies, particularly Hanoi Stock Exchange issuers. The event linked IFRS implementation to the Prime Minister’s September 2025 stock market upgrade plan and Ministry of Finance Circular 99/2025/TT-BTC, highlighting the need for further legal and disclosure alignment, stronger corporate capacity, and additional training.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2026-05-13United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Enforcement Director outlines back to basics agenda and plans to reinstitute Retail Fraud Working Group

    The U.S. Securities and Exchange Commission’s Division of Enforcement will pursue a “back to basics” agenda focused on quality over quantity and targeting conduct causing real investor harm, prioritizing offering, accounting and disclosure fraud, insider trading, market manipulation, foreign-actor fraud, fiduciary breaches by advisers, and misconduct in private funds. It will maintain intensive scrutiny of investment advisers and private funds, including client asset safeguards, strategy disclosures, fees, valuations, trading practices, and conflicts, while monitoring liquidity, fee, valuation, and conflict risks across private markets. It will also enhance collaboration with domestic and foreign authorities, continue the Cross-Border Task Force, reestablish the Retail Fraud Working Group, and factor self-reporting, cooperation, remediation, and the distinction between honest mistakes and fraud into enforcement decisions.

    EnforcementEnforcement frameworkOther
  • 2026-05-13BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission publishes National Financial Education Week agenda with investor webinars elderly guidance and behavioural research

    The Brazil Securities Commission has announced its programme for the 13th National Financial Education Week, featuring public education activities on investing, securitisation, indebtedness and financial anxiety. It will also publish a digital leaflet on protecting elderly investors and participate with Fundação Getulio Vargas in research on whether short videos can influence decision-making and reduce sunk cost and anchoring biases among secondary school students.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-13AlgeriaAlgeria Market Authority (COSOB)

    Algeria Market Authority explores cooperation with applied mathematics research center to strengthen market oversight

    The Algeria Market Authority is examining cooperation with the Applied Mathematics Research Center on research and tools for the financial market. The focus includes market development, stronger supervision and control, and intelligent solutions to improve efficiency, transparency and investor protection.

    Institutional developmentCooperation & capacity buildingFintech and insurtechSupervision process and methodologies
  • 2026-05-13RomaniaMinistry of Finance (Romania)

    Romania's Ministry of Finance identifies repetitive EUR 1.7 billion cross-border cash flows and sends findings to economic crime authorities

    The Romanian Ministry of Finance and Customs Authority reported large, repetitive cross-border cash movements exceeding EUR 1.7 billion in 2024–2025, involving few individuals, recurring Ukraine–Romania–Austria/Turkey routes and major money laundering risks. Findings were sent to economic and financial crime authorities, while intensified controls since mid-2025 coincided with a marked decline in declared cash flows and ongoing checks on compliance with EU cash declaration rules.

    SupervisionRisk monitoring & watch pointsAML and CFT
  • 2026-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam reports organizational streamlining while keeping banking operations uninterrupted in Politburo inspection review

    The State Bank of Vietnam reported to Politburo Inspection Team No. 12 that it has reorganized under Resolution 18 to create a leaner, more effective structure while maintaining uninterrupted banking operations and translating central economic growth directives into sectoral tasks. It outlined implementation of Politburo Resolution 57 on science, technology and national digital transformation, including sector-wide action programs and promotion of cashless payments, and confirmed that personnel assessments under Regulation 366 guide planning, training and deployment. The inspection team commended the Party Committee’s self-review and urged further refinement of leadership and implementation measures, which the State Bank committed to pursue.

    Institutional developmentMandate & organizational structureOther
  • 2026-05-13IrelandDepartment of Finance (Ireland)

    Ireland's Department of Finance discusses upcoming Budget Investment Account plans with pillar banks and urges joint action on child abuse paywalls

    Ireland’s Department of Finance said Minister Simon Harris met AIB, Bank of Ireland and Permanent TSB to discuss the planned Investment Account framework and the use of paywalls to conceal child abuse material, stressing closer cooperation between government, financial institutions, police and technology firms to disrupt such networks and tackle online fraud. Harris plans to introduce the new Investment Account in the upcoming Budget to simplify retail investing and improve long-term savings returns, and to bring the National Financial Literacy Strategy to government to support a retail investment culture.

    Policy & regulationRules & requirementsFinancial literacy and education
  • 2026-05-13BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority chair Jean-Paul Servais re-elected as IOSCO Board chair until 2028 as Karel De Bondt is named successor

    The Belgium Financial Services and Markets Authority announced that its chairman, Jean-Paul Servais, has been re-elected for a third term as chairman of the International Organization of Securities Commissions Board, extending his mandate until 2028 alongside his FSMA chairmanship. Upon his departure in September 2028, he will be succeeded as FSMA chairman by Karel De Bondt, currently head of economic affairs and strategic projects at the authority.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-13CanadaPayments Canada

    Payments Canada admits Tru Cooperative Bank as member after approval as a federally regulated credit union

    Payments Canada announced that Tru Cooperative Bank, formerly First West Credit Union and now a federally regulated credit union, has become a member of its payment systems framework. The authority highlighted that its membership spans the Bank of Canada, domestic and authorized foreign banks, insurers, securities dealers, money market mutual funds and other deposit-taking institutions, and that 2025 amendments to the Canadian Payments Act expanded eligibility to certain payment service providers, credit union locals and designated clearing houses.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-13CanadaPayments Canada

    Payments Canada publishes summit discussion reaffirming Real-Time Rail launch in Q4 2026 with mandatory fraud controls

    Payments Canada released a recording of a fireside discussion between Minister of Finance and National Revenue François-Philippe Champagne and Payments Canada President and CEO Susan E. Hawkins at the 2026 Payments Canada SUMMIT. The minister reaffirmed the government’s commitment to the forthcoming Real-Time Rail as critical national infrastructure delivering instant, irrevocable, data-rich payments with mandatory fraud mitigation from launch, and framed payment modernization and a new financial crime agency as central to Canada’s response to geopolitical change, advanced technologies and national security.

    Policy & regulationReform agendas & prioritiesPayments and payment systemsGeopolitical risk
  • 2026-05-13GhanaSecurities and Exchange Commission Ghana

    Securities and Exchange Commission Ghana warns public to ignore unauthorized recruitment advertisements and rely on official channels

    The Securities and Exchange Commission Ghana warned the public about unauthorized advertisements and publications relating to recruitment and other matters. It said only information released through its official website and social media channels should be treated as authoritative.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-05-13United StatesFederal Reserve Board

    Federal Reserve Board issues 2025 household well being report showing stable finances and a softer labor market

    The Federal Reserve Board’s 2025 Economic Well-Being of U.S. Households report finds overall household financial conditions broadly unchanged from 2024, with 73 percent of adults at least okay financially and 63 percent able to cover a USD 400 emergency expense. Price increases remained the most common concern, though the share viewing them as a major concern edged down to 53 percent, while labor market indicators softened modestly. The report also notes that one in four workers used generative artificial intelligence at work in the prior month, with 81 percent of users reporting time savings.

    Data & statisticsEconomic data and developments
  • 2026-05-13CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission panel finds Port Moody resident failed to produce records and obstructed justice

    The British Columbia Securities Commission found that Port Moody resident Brandon Wade Boddy failed to comply with a demand to produce records and obstructed justice under the British Columbia Securities Act in connection with an investigation into a company for which he was a consultant and shareholder. The panel concluded that his failure to provide records constituted non-compliance and obstruction, while a separate allegation that he refused to attend an interview under oath was dismissed, and parties have been directed to make submissions on sanctions.

    EnforcementInvestigations & enforcement actionsComplianceDisclosures
  • 2026-05-13LibyaCentral Bank of Libya

    Central Bank of Libya invites commercial banks to subscribe to unrestricted Mudaraba Deposit Certificates issue 16-2026

    The Central Bank of Libya has invited commercial banks to subscribe to Issue No. 16-2026 of unrestricted Mudaraba Deposit Certificates under the same procedures and controls as previous issuances and according to the announced tenors and maturity dates.

    Monetary policyMonetary policy instruments & operationsSecurities offerings and listings
  • 2026-05-13United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee marks up bills on AI safeguards fraud tools and Federal Reserve price stability

    The U.S. House Financial Services Committee released Chairman French Hill’s remarks on a legislative package to expand the federal response to AI-enabled financial fraud, promote regulatory sandboxes for financial technology, strengthen anti-scam enforcement, and assess regulators’ technology gaps. The bills, including the AI Plan Act, Unleashing AI Innovation in Financial Services Act, Bank Fraud Technology Advancement Act, GUARD Act, FUTURES Act, and Price Stability Act of 2025, are framed as part of the committee’s agenda on financial innovation, consumer protection, and refocusing the Federal Reserve.

    Policy & regulationRules & requirementsArtificial intelligenceRegulatory sandbox
  • 2026-05-13United StatesU.S. Financial Services Committee

    U.S. House Committee on Financial Services bills pass the House including tailored supervision changes for smaller banks

    The U.S. House Committee on Financial Services announced House passage of four bills addressing community bank supervision, Treasury support for small financial institutions, and U.S. policy on international financing for foreign shrimp farming. The measures would tailor supervisory requirements and examination frequency for well managed, well capitalized smaller banks, codify the Treasury Department’s mentor-protege program for rural and small financial institutions, and require the United States to oppose such financing.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2026-05-13IndiaReserve Bank of India

    Reserve Bank of India removes prior approval for bank tie ups with non bank outward remittance platforms and sets operating rules

    The Reserve Bank of India has removed the requirement for prior approval of tie-up arrangements between authorised dealer banks and non-bank entities facilitating online outward remittances for non-trade current account transactions, and introduced a new operating framework. Authorised dealers remain fully responsible and liable for regulatory and know your customer compliance, must provide detailed disclosures on pricing, timelines and grievance mechanisms, and ensure robust contractual, data, risk management and customer protection safeguards, including ringfencing of customer funds and enhanced due diligence for higher-risk jurisdictions.

    Policy & regulationRules & requirementsLicence approval
  • 2026-05-13Middle EastMiddle East and North Africa Financial Action Task Force (MENAFATF)

    Middle East and North Africa Financial Action Task Force adopts Algeria and Kuwait follow up reports with rating upgrades and approves Italy as observer

    The Middle East and North Africa Financial Action Task Force adopted Enhanced Follow-Up Reports for Algeria and Kuwait at its 42nd Plenary Meeting, upgrading some Technical Compliance ratings and noting significant legislative and supervisory enhancements to anti-money laundering and counter-terrorist financing frameworks, including targeted financial sanctions and beneficial ownership transparency. The plenary also approved Italy as an observer, adopted a study on waqf classification against international standards, welcomed a Toronto Centre proposal for cooperation on training and technical assistance, and expanded engagement with academic and research institutions through the Research and Training Centers Forum.

    Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
  • 2026-05-13Middle EastMiddle East and North Africa Financial Action Task Force (MENAFATF)

    Middle East and North Africa Financial Action Task Force adopts Algeria and Kuwait follow-up reports with compliance upgrades and approves Italy as observer

    The Middle East and North Africa Financial Action Task Force adopted Enhanced Follow-Up Reports for Algeria and Kuwait, upgrading some technical compliance ratings after reviewing progress in their anti-money laundering and counter-terrorist financing frameworks, and approved Italy as an observer. Kuwait’s report highlights legislative changes on UN Security Council resolutions and targeted financial sanctions, enhanced non-profit supervision, improved beneficial ownership transparency, and stronger oversight of financial institutions and designated non-financial businesses. Algeria’s report notes a completed national risk assessment, a national risk-based strategy, amendments to its AML/CFT law, and additional measures on preventive controls, supervision, targeted financial sanctions, and implementation of UN Security Council resolutions.

    Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
  • 2026-05-13CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes April 2026 statistics for the Central Information Register and preliminary list on dishonoured cheque issuers

    The Central Bank of Cyprus published April 2026 statistics for the Central Information Register and preliminary list of issuers of dishonoured cheques, recording 16 new registrations and 16 dishonoured cheques worth EUR 36,152 involving 11 persons. For January–April 2026, there were 48 registrations and 59 dishonoured cheques totalling EUR 178,476 involving 41 persons, while since January 2022 the register has recorded 892 registrations and 1,401 dishonoured cheques worth EUR 4,713,179. The bank notes that Central Information Register person counts reflect registrations only and do not account for deletions.

    Data & statisticsRegulatory reporting
  • 2026-05-13EstoniaMinistry of Finance (Estonia)

    Estonia's Ministry of Finance announces 2026 financial literacy award winners and first youth competition prizes

    The Ministry of Finance (Estonia) announced the 2026 Rahatarkuse Vedur financial literacy awards, recognising Junior Achievement Estonia, teacher Kristiina Vaikmets and the Ministry of Social Affairs’ pension literacy service as the main award recipients. The event also introduced first-time youth creative and research prizes on financial literacy and conferred Financially Smart Employer labels on Bigbank AS, KPMG Baltics OÜ and Swedbank AS.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-13CanadaBank of Canada

    Bank of Canada says Canadian business AI adoption has risen to around 12% and limited productivity gains are in projections

    The Bank of Canada’s External Deputy Governor Michelle Alexopoulos said the Bank views artificial intelligence as a potential driver of structural change in productivity, growth, employment, inflation and financial stability, and is beginning to incorporate AI-related productivity gains into its projections of potential output. She highlighted rapid but uneven AI adoption in Canada, with most firms using AI to automate routine tasks and support analysis rather than replace workers, and noted that the Bank uses AI and machine learning for forecasting, text and sentiment analysis, and financial stability monitoring while keeping monetary policy decisions under human control.

    Monetary policyMonetary policy assessments & outlooksArtificial intelligence
  • 2026-05-13MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro outlines institutional transformation and regulatory reforms for future ESCB membership

    The Central Bank of Montenegro outlined its reform agenda to support EU accession and future membership in the European System of Central Banks, stating that the banking sector remains stable with strong liquidity and sound capitalisation. It is pursuing institutional transformation and capacity building in supervision, payment systems, statistics, risk management and internal functions with Eurosystem central banks. The bank is prioritising banking system stability, financial integrity and further alignment of supervisory and regulatory frameworks with European standards, including digital resilience and bank recovery and resolution.

    Policy & regulationReform agendas & prioritiesCapacity buildingOrganizational structure
  • 2026-05-13GeorgiaNational Bank of Georgia

    National Bank of Georgia highlights record growth in public bond issuance at Tegeta Holding EUR 11 million bond placement

    The National Bank of Georgia published remarks by First Vice President Ekaterine Mikabadze highlighting Tegeta Holding’s EUR 11 million two-year bond placement under a USD 60 million programme as evidence of growing corporate bond issuance and investor interest. She noted that Georgian companies conducted GEL 1.6 billion in public bond placements last year, a 3.3-fold increase and a record level, with the trend continuing this year. The Tegeta Holding bonds carry a 6.25 percent coupon, the lowest rate for EUR-denominated bonds in Georgia’s capital market over the past five years, and will be listed on the Tbilisi Stock Exchange.

    OtherCapital adequacy
  • 2026-05-13GlobalWorld Bank

    World Bank says Somalia’s growth slowed to 3 percent in 2025 as aid cuts and drought raise risks to jobs and livelihoods

    The World Bank’s eleventh Somalia Economic Update reports growth slowed to an estimated 3 percent in 2025 from about 4 percent in 2023–2024, with real GDP per capita stagnant and poverty reduction stalling amid declining foreign aid, drought, and higher living costs. Inflation rose to 3.7 percent in 2025 and is projected to reach 6 percent in 2026, while real GDP growth is forecast to weaken to 2.8 percent in 2026 and 3.1 percent in 2027. The report highlights unreliable, diesel-based electricity as a key vulnerability and calls for stronger sector governance, more renewable energy, and upgraded transmission and distribution to lower costs and exposure to fuel price shocks.

    ResearchOther
  • 2026-05-13GlobalWorld Bank

    World Bank projects Kazakhstan growth to slow to 4.6 percent in 2026 and flags skills deficits as a constraint on productivity

    The World Bank’s latest Kazakhstan Economic Update projects resilient but slowing growth, from 6.5 percent in 2025 to 4.6 percent in 2026 and around 3.5 percent by 2028, as oil output normalizes and structural constraints emerge. Inflation is expected to stay above the 5 percent target through at least 2027, with upside risks from fiscal stimulus and tariff liberalization, while monetary policy transmission is weakened by entrenched expectations and rapid credit growth. The report stresses that gaps in foundational skills are weighing on productivity and job quality, making human capital development central to diversification, and notes that higher oil prices temporarily bolster fiscal and external positions amid geopolitical and quasi-fiscal risks.

    ResearchEconomic data and developments
  • 2026-05-13GlobalInternational Monetary Fund

    International Monetary Fund publishes Liberia third Extended Credit Facility review and Resilience and Sustainability Facility request

    The International Monetary Fund has published a country report on Liberia covering the third review of its 40‑month Extended Credit Facility and a request for an arrangement under the Resilience and Sustainability Facility, noting that the program is helping restore fiscal credibility, debt sustainability and financial sector stability. The report underscores Liberia’s high exposure to climate and pandemic risks, with recent shocks and a fragile health sector, alongside declining external donor support, constraining development prospects.

    ResearchOther
  • 2026-05-13GlobalInternational Monetary Fund

    International Monetary Fund staff projects Dutch growth slowing to 1.0 percent amid energy shock and calls for tighter mortgage borrowing limits

    In its staff concluding statement for the Netherlands’ 2026 Article IV consultation, the International Monetary Fund projects growth of 1.0 percent in 2026 and 1.3 percent in 2027, with headline inflation at 2.9 percent in 2026 and around 2.5 percent in 2027–2028, and warns of downside risks from higher energy prices. It supports targeted energy support and a broadly neutral fiscal stance, but calls for structural reforms, including tighter borrower-based housing measures such as lowering the maximum loan-to-value ratio to 90 percent, phasing out mortgage-interest deductibility and reducing interest-only mortgages, as well as tax, health and pension reforms to safeguard long-term fiscal sustainability.

    ResearchEconomic data and developments
  • 2026-05-13UkraineUkraine National Commission on Securities and Stock Market

    National Securities and Stock Market Commission of Ukraine adopts insider information disclosure regulation and approves wider supervisory and issuance actions

    The National Securities and Stock Market Commission of Ukraine adopted a Regulation on insider information and its disclosure on capital markets, approved its implementation plan under Ukraine’s programme to align legislation with the EU acquis, and cleared draft resolutions on indicative lists of issuers’ legitimate interests and information subject to disclosure under Article 133-1 of the Law on Capital Markets and Organized Commodity Markets. It also adopted measures on internal governance and supervisory structures, and issued decisions on securities operations, issuances, registrations, cancellations and key risk, compliance and internal audit appointments at professional market participants.

    Policy & regulationRules & requirementsOther
  • 2026-05-13GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance rejects bank windfall tax and defends targeted temporary support

    Greece’s National Economy and Finance Minister Kyriakos Pierrakakis used a parliamentary debate on a bill transposing EU tax administrative cooperation amendments and pension provisions to restate the government’s economic stance, rejecting opposition calls for an extraordinary bank tax and insisting support measures remain temporary and targeted. He cited improved macro indicators, including a projected debt-to-GDP ratio of 136%, and an IMF review endorsing targeted aid for vulnerable groups and the EUR 0.20 per litre diesel subsidy. He also noted Bank of Greece data showing 2025 bank profits mainly driven by lower credit-risk provisions and impairment losses, and private-sector credit growth shifting from about -0.4% in 2019 to 10% in 2025.

    Policy & regulationOther
  • 2026-05-13SwedenMinistry of Finance (Sweden)

    Sweden Ministry of Finance proposes tax transparent securities funds for institutional investors from 1 January 2027

    The Ministry of Finance (Sweden) has issued a legislative referral proposing a new tax-transparent securities fund structure limited to institutional investors managing pension assets or other public capital. The fund would not be a separate taxable entity, with unitholders taxed on an ongoing basis, aiming to offer a more cost-effective, tax-advantageous domestic alternative to foreign tax-transparent funds and enhance the competitiveness of Swedish fund companies.

    Policy & regulationRules & requirementsOther
  • 2026-05-13OmanOman Financial Services Authority

    Oman Financial Services Authority receives Urban Compliance Certificate for building standards and sustainability

    The Oman Financial Services Authority received the Urban Compliance Certificate for Buildings for meeting approved planning, technical and regulatory standards for its building. The recognition also reflects compliance with Oman Building Code-based requirements and the authority’s focus on workplace sustainability and infrastructure efficiency.

    Institutional developmentCooperation & capacity buildingCompliance
  • 2026-05-13KyrgyzstanState Service for Regulation and Supervision of Financial Markets

    Kyrgyz Republic State Service for Regulation and Supervision of Financial Markets warns of fake messenger accounts and AI voice calls impersonating its chairman

    The Kyrgyz Republic State Service for Regulation and Supervision of Financial Markets warned that unknown persons are creating fake messenger accounts and using voice generation technology to impersonate Chairman Kairat Adamkalievich Mamatov. The authority urged citizens to remain vigilant, not to share personal data, and to verify information only through official sources.

    SupervisionAlerts
  • 2026-05-13QatarQatar Financial Centre

    Qatar Financial Centre signs Commercial Bank partnership to expand banking access for licensed firms and support tokenisation testing

    The Qatar Financial Centre has signed a Memorandum of Understanding with Commercial Bank to facilitate access to customised banking products and immediate banking services for firms and employees licensed on its platform. The agreement also establishes a framework for collaboration in fintech and digital assets, including joint ecosystem initiatives and testing of tokenisation opportunities through the Qatar Financial Centre Digital Assets Lab.

    Policy & regulationCooperationFintech and insurtechMarket development
  • 2026-05-13GlobalISDA

    International Swaps and Derivatives Association expands Digital Regulatory Reporting with AI tools and plans first agents later this year

    The International Swaps and Derivatives Association outlined the next phase of its Digital Regulatory Reporting initiative, adding artificial intelligence tools to support interpretation and coding of regulatory reporting rules, with the platform now covering eight global rule sets. ISDA has selected Gentek AI to build a traceability tool to create an audit trail of DRR decision-making and is developing an AI-driven translator agent to convert new or updated reporting requirements into code, with initial AI agents expected later this year.

    Policy & regulationImplementation, projects & pilotsArtificial intelligenceRegtech and suptech
  • 2026-05-13EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority issues non-binding briefing on operationalising central counterparty write-down and conversion tool

    The European Securities and Markets Authority has issued a non-binding briefing for National Resolution Authorities on operationalising the write-down and conversion of instruments tool in central counterparty resolution plans, covering methodologies for loss absorption, recapitalisation and impact assessment. The guidance sets minimum data requirements, calibrates loss-absorbing resources, sequences the tool relative to other resolution and government stabilisation tools, and details operational steps such as issuing new shares and handling listings. It forms part of ESMA’s work on a single resolution rulebook and requires a business reorganisation plan and subsequent viability assessment if the tool is applied.

    Policy & regulationGuidance & interpretationCCPs
  • 2026-05-13ChinaCentral Bank of the Republic of China

    People's Bank of China vice governor attends BIS governors' meeting and discusses global conditions oil price shocks and emerging market risks

    The People's Bank of China reported that Deputy Governor Xuan Changneng attended the Bank for International Settlements governors' regular meeting in Basel on 10–11 May, where central bank governors discussed global economic and financial conditions, oil price shock transmission, monetary policy responses and risk challenges facing emerging market economies. Xuan also held bilateral meetings with several participating central bank representatives on issues of mutual interest.

    Policy & regulationCooperationMonetary policy decisions and developments
  • 2026-05-13Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury introduces 2026 sanctions risk assessment tool for businesses

    The Treasury (Isle of Man) has launched the Sanctions risk assessment tool 2026, a structured questionnaire to help businesses assess sanctions risks associated with specific activities. The tool is designed to support checks on potential dealings with listed persons or entities, but is intended only as guidance and not a substitute for legal advice.

    Policy & regulationGuidance & interpretationNew sanctions designations
  • 2026-05-13SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission annual report shows equity trading above EUR 1 trillion and fines rising to EUR 19.4 million

    The Spanish Securities Commission (CNMV) has published its 2025 annual report, highlighting a strong rebound in Spanish capital markets and continued growth in collective investment, with equity trading in Spanish shares up 40.5% to EUR 1.01 trillion and collective investment vehicle assets up 13% to EUR 486 billion. Supervisory activity remained intensive, including information requirements on disclosures, CFD advertising, FX derivatives, AI use and initial authorisation work for crypto-asset service providers. Market oversight and enforcement remained robust, with more than 70 million transaction reports reviewed, 71 fines totalling EUR 19.4 million and significant investor protection activity.

    SupervisionOtherSupervision process and methodologiesMarket infrastructureTrading
  • 2026-05-13TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan publishes foreign exchange purchase auction results with weighted average rate of 9.3530 USD/TJS

    The National Bank of the Republic of Tajikistan published results of its 13 May 2026 foreign exchange purchase auction, which attracted eight participants. Accepted bid sizes ranged from USD 100,000 to USD 5.02 million, with a weighted average rate of 9.3530 USD/TJS.

    Monetary policyMonetary policy instruments & operationsOther
  • 2026-05-13ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission seeks comments on revised rating rules for foreign risk exposure bonds

    The Thailand Securities and Exchange Commission is consulting on draft amendments to credit rating rules for bonds with foreign risk exposure to align with international credit rating agency practices and support issuer fundraising. The proposal would require both issuer and expected issue ratings from an international credit rating agency, maintain a minimum investment grade for new issuers with limited waivers, and introduce enhanced disclosure of expected and final ratings, including explanations where final ratings differ.

    Policy & regulationRules & requirementsCredit ratings
  • 2026-05-13ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission imposes 10-year bar on investment consultant over THB 115.55 million misappropriation from 11 clients

    The Thailand Securities and Exchange Commission has revoked the approval of Miss Suntaree Kitipanya as an Investment Consultant for Complex Products Type 1 and will not accept any application from her to act as capital market business personnel for 10 years starting 13 May 2026. The action follows findings that, while at Krung Thai Bank Public Company Limited, she misappropriated assets from 11 clients between April 2018 and December 2024, causing losses of THB 115,550,000, falsified documents and account statements to conceal the misconduct, and later admitted wrongdoing, with losses reimbursed by her and the bank.

    EnforcementSanctions & designations
  • 2026-05-13Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts the public to bank reported fraudulent websites phishing emails and other scams

    The Hong Kong Monetary Authority has issued a public warning highlighting recent bank press releases on fraudulent websites, fake internet banking login screens, phishing emails and other scams. It reiterates that banks will not send embedded hyperlinks for transactions or request sensitive information such as login passwords or One-Time Passwords by phone, email or SMS, and advises customers to contact their bank and report incidents to the Crime Wing Information Centre of the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2026-05-13NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets says supervised firms will not face a separate AMLA eligibility reporting request

    The Dutch Authority for the Financial Markets has informed supervised firms that they do not need to submit a separate report using the European Anti-Money Laundering Authority eligibility template, as the additional data will be collected via existing AFM supervisory questionnaires. The same approach will apply to managers of investment funds and UCITS, who will receive related questions in June or July, and firms should not expect any additional AFM request based on the AMLA template.

    SupervisionRegulatory reportingAML and CFT
  • 2026-05-13ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of five illegal insurance websites bringing total since November 2023 to 372

    The Italian Institute for Insurance Supervision (IVASS) has ordered Italian providers to block five websites offering insurance services illegally, bringing the total number of blocked sites to 372 since it gained website blocking powers in November 2023. IVASS also warned consumers to be cautious of policy offers via instant messaging or text, requests for payment by prepaid credit card, and websites not listed among its supervised insurance intermediaries and insurance undertakings.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-13AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan adopts unified bank stress testing framework and related risk management amendments

    The Central Bank of the Republic of Azerbaijan has approved a new Rule on stress testing in banks, establishing a single framework for conducting, assessing and reporting stress tests to strengthen bank and sector-wide risk resilience. It sets detailed requirements for stress testing principles, programme content, modelling, validation, scenario and sensitivity analysis across key risk types, and related reporting and supervisory assessment. The central bank has also amended banking corporate governance and risk management rules to align them with the new regime, which reflects international practice and forms part of the 2024–2026 Financial Sector Development Strategy.

    Policy & regulationRules & requirementsStress testing
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank publishes research finding biodiversity risk is mainly priced through higher syndicated loan spreads

    The European Central Bank has published a working paper under its Lamfalussy Fellowship Programme finding that higher firm-level biodiversity risk is associated with significantly higher syndicated loan spreads for U.S. borrowers from 2007 to 2023, suggesting banks mainly adjust through pricing rather than credit rationing. Using a new text-based biodiversity risk indicator derived from 10-K disclosures, the study shows stronger loan pricing effects after environmental violations and for firms with weaker environmental performance, while finding limited impact on banks’ syndicate participation or differential responses by lenders from more environmentally vulnerable countries.

    ResearchNature-related risk
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank working paper finds supervisory judgement materially shapes SREP scores and Pillar 2 capital requirements

    The European Central Bank published a working paper analysing how supervisory judgement influences euro area banks’ Supervisory Review and Evaluation Process scores and Pillar 2 capital requirements under the pre‑2026 framework. Using data from nine SREP cycles, the authors find that judgement is a material driver of SREP score changes, with a common supervisory judgement channel evident across the euro area and factors such as business model assessments helping explain Pillar 2 requirement adjustments.

    Research
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank research finds euro area labour force rose by 7.8 million since 2019 driven by older workers and migration

    The European Central Bank published research showing the euro area labour force grew by 7.8 million between late 2019 and mid-2025 to 173 million, with higher participation and net migration offsetting demographic ageing and supporting more than half of GDP growth in most quarters since late 2021. The paper finds older workers and migrants are the main drivers of labour force growth, helping reduce unemployment and ease labour shortages, while highlighting persistent issues such as below pre-pandemic average hours worked in several countries, a 9 percentage point gender participation gap, and a 40% overqualification rate among non-EU citizens.

    Research
  • 2026-05-13ZambiaBank of Zambia

    Bank of Zambia cuts Monetary Policy Rate by 25 bp to 13.25%

    Bank of Zambia cut its policy rate by 25 bp to 13.25 % at the 11–12 May 2026 MPC meeting, extending a 100 bp easing cycle since November 2025 while leaving other instruments unchanged. The move reflects a stronger kwacha and favourable maize harvest keeping inflation within the 6–8 % target (April 6.8 %), though risks from global oil prices and potential El Niño persist; next review is scheduled for 28–29 September 2026.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-13EuropeEuropean Central Bank

    European Central Bank research finds later retirement drove most recent euro area employment gains while ageing cut only 0.4 percentage points

    The European Central Bank published research finding that population ageing has so far had only a limited drag on euro area employment, as later retirement has offset the negative compositional effect of an older workforce. Older workers aged 55-74 accounted for most of the 1.7 percentage point rise in the employment rate since early 2022, driven by higher labour force participation and a trend towards later retirement. The research notes further scope for higher employment among older workers, while stressing that future gains will depend on statutory retirement age changes and health.

    Research
  • 2026-05-13EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority extends deadline for insurers and insurance pools to file March 2026 periodic financial statements to 15 June 2026

    The Egypt Financial Regulatory Authority has extended to 15 June 2026 the deadline for insurance companies and pools to submit periodic financial statements for the period ended 31 March 2026, including disclosures and the external auditor’s report, under the Unified Insurance Law No. 155 of 2024 and related decisions. The board had earlier extended to 15 May 2026 the deadline for these entities to present annual financial statements for the year ended 31 December 2025 to their general assemblies, with related disclosures, the auditor’s report and the board report.

    Policy & regulationRules & requirementsOther
  • 2026-05-13GermanyGerman Bundesbank

    German Bundesbank reports March current account surplus rose to EUR 23.6 billion while net capital exports eased to EUR 17.6 billion

    The German Bundesbank reported that Germany’s current account surplus rose to EUR 23.6 billion in March 2026, up EUR 3.1 billion from February, as stronger services and income balances more than offset a smaller goods surplus. Germany recorded net capital exports of EUR 17.6 billion, driven by direct investment outflows of EUR 23.0 billion and net inflows in portfolio and other investment, while the Bundesbank’s reserve assets increased by EUR 0.5 billion.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-13GermanyGerman Bundesbank

    German Bundesbank reports March securities market data with EUR 9.8 billion domestic bond redemption and EUR 2.5 billion fund inflows

    The German Bundesbank reported that in March domestic debt securities saw net redemptions of EUR 9.8 billion, which were more than offset by a EUR 12.5 billion increase in foreign debt securities, leaving total bonds outstanding in Germany up EUR 2.7 billion. The public sector was a net domestic issuer at EUR 15.9 billion, while domestic banks and companies reduced debt, and domestic companies raised EUR 1.3 billion in equity and domestic investment funds recorded inflows of EUR 2.5 billion.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-13EswatiniCentral Bank of Eswatini

    Central Bank of Eswatini publishes economic update showing 5.7 per cent fourth quarter growth and March inflation at 1.6 per cent

    The Central Bank of Eswatini’s March/April 2026 Recent Economic Developments review reports a slight moderation in late-2025 activity alongside continued disinflation, with quarterly GDP growth easing to 5.7 per cent year on year in the fourth quarter of 2025 and consumer price inflation falling to 1.6 per cent in March 2026. Policy rates were unchanged, while private sector credit rose 8.1 per cent to SZL23.2 billion and broad money grew 17.1 per cent to SZL27.8 billion. Gross official reserves increased to SZL10.2 billion, public debt declined to SZL39.5 billion or 37.9 per cent of GDP, and the trade surplus narrowed to SZL794.2 million.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2026-05-13SerbiaNational Bank of Serbia

    National Bank of Serbia schedules authorized actuary qualification exam for 23 June and sets 10 June application deadline

    The National Bank of Serbia announced details for the June 2026 professional examination for obtaining the title of authorized actuary, including application requirements under the Decision on acquiring the title and continuing professional development of an authorized actuary. The authority specified exam and authorization fees of RSD 20,000, reduced to RSD 10,000 for repeat sittings, alongside applicable republic administrative taxes.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-13SerbiaNational Bank of Serbia

    National Bank of Serbia raises inflation forecast and cuts 2026 GDP growth outlook to 3.0 percent amid Middle East energy shock

    The National Bank of Serbia, in its May 2026 Inflation Report, raised its inflation projection and cut 2026–2027 GDP growth forecasts, citing higher global energy prices from the Middle East conflict, while keeping the policy rate at 5.75%. Inflation is seen within target through Q3 2026, slightly above the band in late 2026–early 2027, then back within it by Q2 2027, assuming a temporary energy shock and easing commodity prices from Q3 2026. The bank projects a current account deficit of about 6% of GDP in 2026, narrowing to about 4% in 2027, and said monetary policy will depend on the duration of the energy shock and its pass-through to prices and expectations.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2026-05-13Brunei DarussalamCentral Bank of Brunei Darussalam

    Central Bank of Brunei Darussalam adds Brunei Capital Financing and related aliases to alert list of unlicensed entities

    The Central Bank of Brunei Darussalam has updated its Alert List to include Brunei Capital Financing and its aliases Capital Financing BN, Pinjaman Wang Brunei and Syarikat Loan Wang Trusted, which are not licensed or regulated by the central bank. It reiterated that the public should only use licensed financial institutions for services such as money remittance, money changing, money lending and pawn broking, as customers of unlicensed entities are not protected by its regulatory framework.

    SupervisionAlertsSanctions list update
  • 2026-05-13ComorosCentral Bank of Comoros

    Central Bank of Comoros launches new payment systems and advances four financial modernization projects

    The Central Bank of Comoros has launched four projects to modernize the national financial system: KomorPay, Komor Switch, Mali Ya Wakazi and a public securities market. KomorPay has been operational since April 23, 2026 and is intended to speed up and secure interbank payments. Komor Switch and the agent banking network are being rolled out, while the public securities market has completed pilot tests and will start progressively.

    Policy & regulationImplementation, projects & pilotsPayments and payment systemsMarket infrastructure
  • 2026-05-13Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority publishes webinar stressing tailored AML CFT risk assessments for Island firms

    The Isle of Man Financial Services Authority has published a recorded webinar on money laundering, terrorist financing and proliferation financing risk assessments, emphasising that firms should adopt tailored, proportionate processes aligned to their specific risks and sector. Delivered by senior AML/CFT supervisors, the webinar outlines the risk assessment cycle, interaction of procedures and controls with risk management, and key Anti-Money Laundering and Countering the Financing of Terrorism Code requirements, with related guidance in the AML/CFT Handbook.

    Policy & regulationGuidance & interpretationAML and CFTRisk analysis and outlook
  • 2026-05-13KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic honors staff and ELQR contributors at Banking Worker Day ceremony

    The National Bank of the Kyrgyz Republic held an awards ceremony marking Banking Worker Day, recognizing contributors to the creation of the ELQR system and the national QR code standard. The central bank highlighted the rollout of this infrastructure as a key stage in the digital transformation of the country’s financial sector, with awards granted for professionalism, long service and contributions to digital financial technologies.

    OtherOperational excellence
  • 2026-05-13KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic suspends Euro Lust exchange bureau licence from 13 to 17 May over legal and regulatory breaches

    The National Bank of the Kyrgyz Republic has suspended the licence of Euro Lust LLC exchange bureau from 13 to 17 May 2026 for breaches of Kyrgyz Republic legislation and the National Bank’s regulatory legal acts. The suspended licence was issued on 7 August 2023 and relates to the bureau located in Bazar-Korgon, Jalal-Abad region.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2026-05-13GlobalBank for International Settlements

    Bank for International Settlements publishes research finding the 1805 silver shortage cut Banque de France lending by nearly 50 percent and triggered wider European stress

    The Bank for International Settlements has published a working paper on the 1805–1806 financial crisis after the Battle of Trafalgar as a case of an exogenous global liquidity shock from Europe’s loss of Latin American silver. The study links the silver shortage to bank failures, a sharp contraction in money and credit, and the end of Latin American silver’s dominance as the main international safe asset, highlighting how the Banque de France’s aggressive hoarding of specie amplified the squeeze. It concludes that a safe asset’s status depends on both resilient supply and the credibility of its issuer.

    ResearchFinancial stability and systemic riskMarket risk and volatility
  • 2026-05-13ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission sets four measures for compulsory motor insurance including 100% real time CMIS reporting by end Q3 2026

    The Thailand Office of Insurance Commission has announced four measures to upgrade the compulsory motor insurance system, focusing on real-time data reporting, digital policy delivery, alignment of cover with annual vehicle tax periods, and expanded road safety initiatives. Insurers are expected to achieve 100% real-time submission of underwriting data to the CMIS system, make e-Policies the primary delivery channel, and comply with forthcoming registrar orders on cancellation and cover periods.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-05-13DenmarkDanish Finanstilsynet

    Danish Financial Supervisory Authority publishes 2026 fit and proper practice report covering 2025 assessments and conditional approvals

    The Danish Financial Supervisory Authority has published its 2026 report on fit and proper assessment practice for board members, executive managers and key function holders at financial firms, based on assessments made in 2025. The report explains the authority’s holistic, case-by-case approach across different firm types and uses anonymised examples to illustrate when conditional approvals may be granted, including the need for concrete, measurable and time-limited conditions to address competence or experience gaps.

    Policy & regulationGuidance & interpretationFitness and propriety
  • 2026-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam reports Vietnam Banks Association elects Tran Minh Binh as chair for the 2026 to 2031 term

    The State Bank of Vietnam reported on the eighth congress of the Vietnam Banks Association for the 2026–2031 term, which elected a new 15-member council chaired by Tran Minh Binh of VietinBank and approved the association’s operating direction. The agenda focuses on strengthening the association’s intermediary role with state authorities, expanding policy consultation and legal feedback, supporting members in resolving operational difficulties, and enhancing training and international cooperation, priorities broadly endorsed by Standing Deputy Governor Doan Thai Son.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam calls for closer cooperation with Visa on digital payments and fraud prevention

    The State Bank of Vietnam met with Visa’s Chief Executive Officer to seek continued cooperation on payment innovation and security in support of Vietnam’s digital transformation and growing cashless payments. The central bank highlighted that 88 percent of adults now have bank accounts and asked Visa to work with it and local credit institutions on new payment technologies, product development and stronger controls against fraud, money laundering and high-tech crime, with Visa committing ongoing support.

    Policy & regulationCooperationCross-border cooperation
  • 2026-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam launches 2026 banking sector occupational safety and hygiene action month and Workers' Month

    The State Bank of Vietnam reported that the Vietnam Banking Trade Union has launched the banking sector’s 2026 Month of Action on Occupational Safety and Hygiene and Workers’ Month, focused on improving safety management in the digital era and promoting worker innovation. Deputy Governor Pham Tien Dung urged banking units to strengthen workplace safety, employee dialogue, welfare and compliance oversight, and to encourage operational and digital initiatives, while the union supported seriously ill workers and signed cooperation agreements on member welfare benefits.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam backs IBEC 2027-2031 strategy centred on trade finance

    The State Bank of Vietnam reported that Deputy Governor Nguyen Ngoc Canh expressed support for the International Bank for Economic Cooperation’s 2027-2031 strategic direction and its development into a specialised international trade finance institution serving member countries. He positively assessed IBEC’s 2024-2026 strategy implementation and urged continued initiatives to promote economic and trade cooperation among member states, while IBEC confirmed it will focus resources on implementing its 2027-2031 strategy.

    Policy & regulationCooperationCross-border cooperation
  • 2026-05-13FinlandFinanssivalvonta

    Finland's Financial Supervisory Authority imposes EUR 115000 penalty on Pareto Securities for transaction reporting omissions

    Finland's Financial Supervisory Authority has imposed a EUR 115,000 penalty on Pareto Securities Ltd for significant transaction reporting failures that undermined market abuse surveillance and monitoring. The authority identified unreported transactions over 71 days in 2024 and 20 days in 2025, as well as 13 transactions reported exceptionally many times between June 2023 and May 2025, most submitted more than 300 times. The penalty, payable to the State, reflects an overall assessment of the omissions, with Pareto Securities' cooperation treated as a mitigating factor, and the decision remains open to appeal.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2026-05-13EuropeAuthority for Anti-Money Laundering and Countering the Financing of Terrorism

    Authority for Anti-Money Laundering and Countering the Financing of Terrorism publishes three instruments to standardise EPPO reporting and FIU.net information exchanges

    The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has issued three instruments to standardise and strengthen AML/CFT information flows between financial intelligence units, the Authority and the European Public Prosecutor’s Office. Two instruments harmonise formats and require machine-readable, secure-channel reporting to the European Public Prosecutor’s Office, while a third introduces six common templates for FIU-to-FIU exchanges on FIU.net to improve information completeness, consistency and timeliness.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2026-05-13KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes 2025 bank SREP results with capital supervisory add-ons of 0% to 4.5%

    Kazakhstan’s Agency for Regulation and Development of the Financial Market has published its report on the 2025 risk-based Supervisory Review and Evaluation Process for the banking sector, resulting in capital supervisory add-ons ranging from 0% to 4.5%. All banks remained sufficiently capitalised and continued to meet minimum prudential requirements after these add-ons, following an assessment covering corporate governance, internal controls, risk management systems, and system-wide trends and risks.

    SupervisionReviews, inspections & stress testsSupervision process and methodologies
  • 2026-05-13TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan revokes Madadgor-D microcredit fund banking licence and requires voluntary liquidation

    The National Bank of the Republic of Tajikistan has revoked the banking operations licence of microcredit fund Madadgor-D under the law on the liquidation of credit organisations. It has instructed the fund’s authorised body to establish a liquidation commission and conduct its voluntary liquidation in line with national legal requirements.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-13MauritiusBank of Mauritius

    Bank of Mauritius warns of fraudulent emails and social media messages seeking transfers and other payments

    The Bank of Mauritius has issued a scam alert warning of fraudulent emails and social media messages impersonating banks, financial institutions, public and private entities, or individuals, seeking to induce recipients to transfer funds or make payments for purported prizes, rewards, administrative processes or financial support. The central bank urges the public not to respond to unsolicited communications without prior verification and to report suspected scams to the Police and relevant authorities, including the Bank of Mauritius.

    SupervisionAlertsFraud and scams
  • 2026-05-13AlbaniaBank of Albania

    Bank of Albania Governor supports memorandum on SME and farmer financing and urges banks to expand lending

    The Bank of Albania published remarks by Governor Gent Sejko at the signing of a memorandum of understanding under the National Initiative for Financing Micro, Small and Medium-Sized Enterprises and Farmers, establishing an information exchange framework between public institutions and banks to improve SME and farmer access to credit. Sejko highlighted strong credit growth, including ALL 907 billion in private sector credit as of March 2026 and ALL 423 billion in new credit in 2025, but noted persistent financing constraints for smaller businesses. He referenced the Bank’s SME Financing Programme and the Government’s Sovereign Guarantee Scheme for agriculture, urging banks to increase SME focus without weakening prudential standards.

    Policy & regulationCooperationSME financing
  • 2026-05-13AustriaAustrian National Bank (OeNB)

    Austrian National Bank reports EUR 9.5 billion current account surplus for 2025 and warns of 2026 energy price drag

    The Austrian National Bank reported a 2025 current account surplus of EUR 9.5 billion (1.9% of GDP) on total trade in goods and services of about EUR 554 billion, supported mainly by tourism and a positive goods trade contribution. Tourism generated a EUR 9.7 billion travel surplus, and Austria’s net foreign asset position reached a record EUR 135 billion, driven by valuation gains on foreign financial investments. For 2026, the current account surplus is expected to narrow by about 0.75 percentage points of GDP due to higher energy prices linked to the war in the Middle East and the closure of the Strait of Hormuz.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-13AlbaniaMinistry of Finance (Albania)

    Albania Ministry of Finance formalizes SME financing partnership backed by a EUR 250 million credit line and an expanded EUR 30 million sovereign guarantee

    The Ministry of Finance of Albania has launched the “Double Your Entrepreneurship” National Financing Programme for small and medium-sized enterprises with the Bank of Albania and domestic banks, aimed at expanding SME access to finance in underfinanced sectors and supporting technological, digital and energy efficiency investments. The programme will be supported by a EUR 250 million low-interest credit line, a sovereign guarantee of about EUR 30 million to be gradually increased, and government grants to help SMEs prepare business plans and investment projects.

    Policy & regulationImplementation, projects & pilotsSME financing
  • 2026-05-13EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision details simplification reforms with faster approvals and a review of supervisory guides

    The European Central Bank Banking Supervision is advancing its “next-level supervision” simplification agenda, including faster handling of lower-risk cases, more proportionate supervision for smaller banks, streamlined internal model and fit and proper processes, and a review of supervisory guides to clarify their non-binding status. Vice-Chair Frank Elderson called for treating the euro area as a single jurisdiction and further progress on banking union, and noted that supervisors are following up on banks’ private credit risk management and cyber resilience, with expectations aligned to the Digital Operational Resilience Act.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2026-05-13EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision says banks remain resilient and details a 300 basis point reverse stress test and SREP overhaul

    The European Central Bank Banking Supervision published an interview with Supervisory Board Chair Claudia Buch, who said euro area banks remain broadly resilient, supported by stronger capital and liquidity, improved profitability and a decline in non-performing loans to around 2% from 7.5% in 2015. She highlighted priorities including resilience to macroeconomic, geopolitical, climate and environmental risks, operational resilience to cyber risk, and enhanced assessment of banks’ exposure to private credit and other non-bank finance, alongside new stress tests. Buch also outlined an overhaul of the Supervisory Review and Evaluation Process and related procedures, aiming for a more efficient, risk-based multi-year approach and clearer, more proportionate supervisory guidance by 2026.

    SupervisionSupervision approach, priorities & toolkitCapital adequacyLiquidity riskPrudential risks
  • 2026-05-13United KingdomFinancial Conduct Authority

    United Kingdom Financial Conduct Authority launches review of investment firms' support for bereaved customers

    The Financial Conduct Authority has launched a supervisory review into how consumer investment firms support bereaved customers, covering advisers, platforms, wealth managers and other firms that manage or administer investments. The review will assess the end-to-end customer journey, including communications, treatment of vulnerable customers, service standards and fee handling, and will draw on findings from previous retail banking and insurance reviews highlighting unclear processes, repeated information requests and avoidable delays.

    SupervisionReviews, inspections & stress testsConsumer and investor protection
  • 2026-05-13United KingdomFinancial Conduct Authority

    Financial Conduct Authority appoints Simon Walls as permanent executive director of markets and Johan Sekora as chief operating officer

    The Financial Conduct Authority has appointed Simon Walls as executive director of markets and Johan Sekora as chief operating officer, making both roles permanent. Walls will continue to lead work on wholesale markets, while Sekora, joining from SEB, will support the regulator’s strategy and operations, bringing experience in financial crime prevention and the use of data and artificial intelligence.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-13NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank publishes first SME lending breakdown showing nearly half of Dutch corporate bank loans go to SMEs at higher average rates

    De Nederlandsche Bank has published new statistics on bank lending to non-financial companies in the Netherlands, showing that small and medium-sized enterprises account for just under half of the EUR 340 billion outstanding as of March 2026 and pay higher average interest rates than non-SME companies. Lending is concentrated in a few sectors, led by real estate at EUR 149 billion, with average business interest rates broadly stable at 3.4 percent over the past 12 months. De Nederlandsche Bank has also revised its sectoral lending table to a monthly frequency, aligned with Eurostat’s new industry classification and based on combined data from De Nederlandsche Bank and Statistics Netherlands.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-13NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank president Olaf Sleijpen appointed to chair NGFS from 1 July 2026 for two years

    De Nederlandsche Bank announced that its president, Olaf Sleijpen, has been appointed chair of the Network for Greening the Financial System from 1 July 2026 for a two-year term, succeeding Sabine Mauderer after unanimous NGFS member approval. Sleijpen highlighted the challenge of translating climate and nature risks into supervisory risk assessments, while the release credits Mauderer with expanding the NGFS globally and advancing integration of climate, adaptation and nature into financial risk management.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-13IndonesiaOJK

    Indonesia Financial Services Authority calls for common interpretation of the business judgment rule in bank bad loan cases

    The Indonesia Financial Services Authority published remarks from its Chief Executive of Banking Supervision stressing that sustainable credit growth requires legal certainty for banks, including a shared understanding of how the business judgment rule applies in criminal cases involving non-performing loans. At a banking forum, Supreme Court and Attorney General’s Office representatives outlined conditions under which the rule protects lending decisions taken in good faith, with prudence, proper procedures and no conflicts of interest, and emphasized that compliant business failures should not be criminalized. Speakers also called for uniform legal interpretation and for criminal enforcement to remain a last resort.

    Policy & regulationGuidance & interpretationCredit riskSupervision process and methodologies
  • 2026-05-13MaltaCentral Bank of Malta

    Central Bank of Malta reports 6.4% growth and a narrower fiscal deficit in the fourth quarter of 2025

    The Central Bank of Malta reported that annual real GDP growth accelerated to 6.4% in the fourth quarter of 2025, while inflation reached 2.5% and the labor market remained tight. The four-quarter fiscal deficit narrowed to 2.2% of GDP, public debt stood at 46.4% and the current account surplus reached 8.6% of GDP.

    ResearchEconomic data and developments