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2026-05-12•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority plans to accelerate an integrated electronic system linking it with all supervised sectors and companies, providing real-time verified data, AI-based analytics and a chatbot, while exploring greater integration across capital markets, insurance and financing and incentives for green economy transactions. It will consult stakeholders on new frameworks, urged early Basel III implementation before 1 January 2027, and reiterated expectations on digital documentation, use of the electronic factoring platform and compliance with anti-money laundering and counter-terrorist financing rules.
Policy & regulationImplementation, projects & pilotsRegtech and suptechOperational excellence
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reported that its 42nd plenary in Rabat saw several bilateral memoranda of understanding signed among member states to enhance cooperation and exchange expertise in anti-money laundering, counter-terrorist financing and counter-proliferation financing. These included agreements between Libya and the State of Palestine and between Libya and the Islamic Republic of Mauritania.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-05-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued guidance clarifying how record dates and ex rights dates determine investor entitlements to attendance rights, dividends, bonus shares, subscription rights, and bond interest and principal for securities registered at the Vietnam Securities Depository and Clearing Corporation. The guidance explains eligibility rules around the ex rights date, the depository’s role in preparing holder lists and allocating rights, and how reference prices are adjusted on ex rights dates for exchange-traded shares, including impacts on margin maintenance and sale pricing.
Policy & regulationGuidance & interpretationCorporate governance
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has revoked, effective 17 April 2026, licence No. 7095 of El Aman Plus LLC exchange bureau for conducting cash foreign exchange operations. The revocation, covering the bureau located at 51/1 Moskovskaya Street in Bishkek, was based on breaches of Kyrgyz Republic legislation and the National Bank’s regulatory legal acts.
SupervisionAuthorisations & approvals
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic announced the annulment, effective 30 April 2026, of certificate No. 216 issued on 20 March 2024 by its Jalal-Abad Regional Administration to the Public Foundation Microcredit Agency Eco Service. The decision follows a 27 April 2026 resolution by the founders’ general meeting and supervisory board to terminate the agency’s activities.
SupervisionAuthorisations & approvalsMandate change
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2026-05-12•Global•Bank for International Settlements
The Bank for International Settlements has published a working paper quantifying how policy rate increases transmit to realised bank credit losses across 113 economies between 1990 and 2022. A 1 percentage point rate rise raises loan loss rates by about 0.1 percentage points over a three-to-five-year horizon on average, providing a rule of thumb for stress testing. The effects are materially stronger under adverse macro-financial conditions, lifting loss rates by about 0.2 to 0.3 percentage points, and are larger in relative terms in advanced economies, with bank-level evidence from 3,350 institutions confirming sharper increases at banks with weaker initial asset quality.
Research
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2026-05-12•Germany•BaFin
At its annual press conference, Germany's Federal Financial Supervisory Authority said consumer protection and financial stability are equal priorities and flagged cyber risk, private debt and risky residential mortgage lending as key supervisory concerns. BaFin is adding resources to cyber inspections, warned about liquidity and transparency risks in retail private-markets products such as ELTIFs, and said supervisory action on higher-risk new mortgages remains possible. It also pointed to tougher enforcement against unauthorized business, including more than 800 fraud warnings in 2025.
SupervisionSupervision approach, priorities & toolkitCyber resilienceConsumer and investor protection
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2026-05-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Deputy Governor Pham Tien Dung outlined the central bank’s approach to artificial intelligence in banking, stressing that digital innovation must be matched by safety, risk control and customer protection, and that AI must not dilute human and institutional accountability for financial decisions. He highlighted the rapid expansion of digital banking and payments, the State Bank’s efforts to strengthen legal and security frameworks, biometric authentication and data cleansing with the Ministry of Public Security, and the requirement for credit institutions to upgrade technology, information security and risk management. Dung also underscored AI’s benefits in credit scoring, fraud detection and anti-money laundering, and the associated risks, calling for shared risk alerts, coordinated handling of suspicious accounts and strict compliance with personal data protection and cybersecurity rules.
Policy & regulationGuidance & interpretationArtificial intelligenceSupervision process and methodologies
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2026-05-12•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism outlined its expansion and priorities, highlighting work on technical standards and guidelines for the Single Rulebook, preparations for direct supervision from 2028, and efforts to foster convergence among Financial Intelligence Units. Executive Board Member Rikke-Louise Petersen said staffing has risen from around 30 to more than 100, with a target of 432 employees by end-2027, and stressed structured private-sector engagement, better information-sharing, and early industry input into consultations. She also flagged emerging risks from artificial intelligence, crypto assets, decentralised finance and online platforms.
Policy & regulationReform agendas & prioritiesAML and CFT
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2026-05-12•Jordan•Jordan Securities Commission
The Jordan Securities Commission, with the Amman Stock Exchange and the Securities Depository Center, hosted University of Jordan finance students for an educational visit linking academic study with capital market operations. The programme covered the Commission’s regulatory framework, the Depository Center’s post-trade functions, and the Exchange’s trading systems, emphasizing the importance of developing practical skills in finance, accounting and financial technology.
Financial literacy & educationOther
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2026-05-12•Albania•Bank of Albania
The Bank of Albania has completed its first full cybersecurity assessment cycle for the entire banking system using a U.S. Treasury-assisted methodology based on 93 controls and is conducting a horizontal reassessment. Governor Gent Sejko said cyber risk regulation and supervision have been a strategic priority, with efforts focused on supervisory capacity, cooperation with domestic authorities, adoption of international standards, and alignment with EU rules. Work is under way to harmonise the framework with the Digital Operational Resilience Act, with assessments to be repeated until consistent cybersecurity maturity is achieved across all banks.
SupervisionReviews, inspections & stress testsCyber resilience
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2026-05-12•Global•CDP
CDP’s analysis of 2025 environmental disclosures finds extreme weather is already causing material financial losses but is under-recognized, with only 35% of 11,261 companies identifying it as a material risk despite reporting nearly USD 3 billion in losses and USD 898 billion in expected future impacts. Almost half of reported risks are expected to materialize within two years, mitigation costs are significantly lower than projected risk costs, and subnational governments report adaptation funding gaps of at least USD 34 billion. CDP urges companies, governments, regulators and central banks to treat extreme weather as a system-level financial risk and align disclosure, fiscal, adaptation and supervisory policies.
ResearchClimate risk and sustainable finance
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2026-05-12•Albania•Bank of Albania
The Bank of Albania has elevated cyber risk to a supervisory priority, completing an initial cyber security maturity assessment of the entire banking system using a 93-control methodology developed with United States Treasury support and now conducting a repeat horizontal assessment. It is also strengthening supervisory capacity and cooperation with domestic stakeholders, and working to align its regulatory framework with the European Union’s Digital Operational Resilience Act for the financial sector as part of Albania’s European Union accession objective.
SupervisionSupervision approach, priorities & toolkitCyber resilience
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2026-05-12•Europe•European Central Bank
The European Central Bank’s Frank Elderson said Europe should address weak growth, strategic dependence and large investment needs by reducing banking market fragmentation rather than loosening post-crisis prudential rules. He called for a time-bound roadmap to complete the Single Market, deepen the banking union, advance a savings and investments union and integrate capital markets, while highlighting ECB efforts to simplify supervision, including potential consolidation of macroprudential buffers, greater proportionality for small institutions and faster approvals without lowering standards.
Policy & regulationReform agendas & prioritiesCross-border cooperationMarket development
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2026-05-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan approved new foreign exchange market authorizations, including reappointing Mega International Commercial Bank as settlement bank for foreign currencies other than USD, RMB, JPY and EUR, and allowing Cathay United Bank to offer non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals. It also authorized one bank branch to operate foreign exchange business, bringing the total number of authorized banks to 3,449 as of end-April 2026.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-12•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance outlined plans for 24-hour interbank KRW-USD trading from July 2026 and an offshore KRW settlement system from January 2027, calling the package a fundamental overhaul of the post-1997 foreign exchange framework. The reforms will let foreign investors invest in Korean securities and borrow KRW via foreign bank accounts without domestic accounts, with banks expected to adjust staffing, processes and IT systems and coordinate closely with the government.
Policy & regulationReform agendas & prioritiesForeign exchange policy and markets
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2026-05-12•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported that Finance Minister Katayama reaffirmed close coordination with the United States on financial market developments, including foreign exchange, in line with the Japan-US finance ministers' joint statement. He announced a new public-private working group involving the financial industry, IT firms, the government and the Bank of Japan to strengthen financial sector cybersecurity against advanced AI-related threats and develop a shared view of associated risks and responses.
Policy & regulationCooperationCyber resilienceArtificial intelligence
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2026-05-12•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has fined Wael Abdelmohsen Abdellatif Mohamed Emara (also known as Mohsen) USD 139,722 for misleading and deceptive conduct and banned him from any role at a DFSA Authorised Firm in or from the Dubai International Financial Centre. Over more than three years as a senior reinsurance broker at Ed Broking MENA Limited, he manipulated premiums, deductions and reinsurance documents so that additional brokerage was retained by the firm. The DFSA concluded he lacked integrity and was not fit and proper. The fine was reduced from USD 285,149 following settlement and consideration of financial hardship.
EnforcementInvestigations & enforcement actions
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2026-05-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has banned Frank Breuer from UK financial services and fined him GBP 755,000 for repeatedly acting without integrity over defined benefit pension transfer advice at Bluesky Wealth Management Limited. He advised on at least 16 transfers knowing the firm lacked appropriate professional insurance and misled the regulator about its insurance. The FCA found he breached restrictions by stripping assets from Bluesky through large dividends, personal loans and transfers via connected accounts, contributing to its April 2023 insolvency and leaving at least GBP 214,772.88 in customer liabilities, which the Financial Services Compensation Scheme has paid in redress.
EnforcementInvestigations & enforcement actions
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2026-05-12•Pakistan•State Bank of Pakistan
The State Bank of Pakistan’s Half-Year Report FY26 finds that macroeconomic stability strengthened in H1-FY26, with lower inflation, stronger external buffers, a fiscal surplus and faster real GDP growth, despite global trade uncertainty and domestic floods. It highlights risks from the Middle East war to inflation, external trade, remittances and activity, and now projects FY26 real GDP growth and the current account deficit near the lower bounds of earlier forecasts, with National CPI inflation staying above the medium-term target range for most of FY27. A special chapter on climate change underscores Pakistan’s high vulnerability, low preparedness and unmet financing needs.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-05-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority announced that Standard Chartered Capital Saudi Arabia Company has completed the commencement of business requirements for managing investments and operating funds. The firm is now authorised to conduct these securities business activities under a licence approved on 5 May 2025.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-12•Indonesia•Bank Indonesia
Bank of Indonesia’s latest Retail Sales Survey indicates retailers expect stable sales in April 2026, with a Real Sales Index of 231.0, despite a projected 10.0% month-on-month decline as private demand normalises after the Ramadan and Eid-ul-Fitr festive period. March data showed the Real Sales Index at 256.7, with retail sales up 10.3% month on month, driven by broad-based gains across commodity groups, while the survey also signals rising inflationary pressures over the next three and six months as the Price Expectations Index for June and September 2026 increases.
Data & statisticsEconomic data and developments
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2026-05-12•Global•Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures, Conservation X Labs and the United Nations Development Programme named Dunya Analytics, Mozaic Earth and Space Eagle Enterprises as winners of the Nature Intelligence for Business Grand Challenge, which seeks practical, affordable tools aligned with TNFD’s LEAP assessment approach for small and medium sized enterprises. Selected from more than 380 applicants after testing with over 20 SMEs in 13 countries, the three winners will each receive a USD 20,000 grant and ongoing support to scale SME access to nature intelligence tools.
Policy & regulationImplementation, projects & pilotsNature-related risk
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2026-05-12•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore appointed Ong Pang Thye to its Board of Directors for a three-year term from 1 June 2026 to 31 May 2029 and reappointed four existing directors. Chairman Gan Kim Yong was reappointed for a further three-year term, Managing Director Chia Der Jiun for two years, Attorney-General Lucien Wong for three years, and Chaly Mah for a final one-year term, during which Mah will remain chairman of the Audit Committee.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-12•Italy•Bank of Italy
The Bank of Italy’s updated March 2026 Banks and Money data show faster annual growth in credit to the private sector and weaker deposit growth. Private sector lending rose 2.8 per cent year on year, with lending to households up 2.7 per cent and to non-financial corporations up 2.8 per cent, while private sector deposits grew 2.5 per cent and bond funding 3.9 per cent. Bulgaria’s entry into Economic and Monetary Union in January 2026 and adoption of the Ateco 2025 classification affected certain time series and led to revisions for January 2022 to December 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-12•Italy•Bank of Italy
The Bank of Italy’s May “Italian economy in brief” reports Q1 2026 GDP growth of 0.2% quarter on quarter, preliminary harmonized consumer price inflation of 2.9% in April, and baseline 2026 projections of 0.5% growth and 2.6% inflation. It highlights a EUR 1.8 billion current account surplus in January-February 2026, an estimated 2026 general government deficit of 2.9% of GDP, gross public debt of 138.6% of GDP, and December 2025 banking ratios including a Common Equity Tier 1 ratio of 15.69% and total capital ratio of 19.56%.
Data & statisticsEconomic data and developments
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2026-05-12•Russia•Central Bank of Russia
The Central Bank of Russia’s latest Financial Market Risks Review reports that retail investors sharply increased bond purchases in April, with corporate bond buying reaching a record RUB 157 billion and federal government bond purchases totaling RUB 92 billion. Higher oil prices drove a doubling of corporate foreign currency sales, supporting ruble appreciation, while individuals bought RUB 108 billion in foreign currency and stock indices ended negative amid the stronger ruble and a shift toward bonds.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-05-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market and other financial authorities published a progress report on the Financial Sector Development Strategy, stating that by end-2025, 77% of 104 measures were completed or on schedule, with four of 14 strategic indicators at target and the highest completion under financial and macroeconomic stability goals. Key 2025 actions included a resilience assessment and baseline stress test of the 21 largest banks, strategies for mortgage lending and public debt management, draft laws on virtual assets and personal investment accounts, new risk management and cyber rules, and applications to join IOSCO’s MMoU and Enhanced MMoU. Authorities plan to fully implement 35% of measures in 2026, with all measures completed by end-2030.
Policy & regulationImplementation, projects & pilotsMarket developmentFinancial stability and systemic risk
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2026-05-12•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority is introducing staged call recording across case handling teams to create accurate records, reduce misunderstandings and support complaint resolution. Customer Service calls are already recorded, with calls to and from case workers, ombudsmen and the Rules, Systemic Issues and Service Complaints teams to be recorded from July 2026, subject to caller opt-out. Recordings are stored as internal case records, may be used for quality and training, and are generally not shared between consumers and financial firms except in special circumstances.
Institutional developmentTechnology & data transformationData management
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2026-05-12•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan hosted a delegation from the Central Bank of the Republic of Azerbaijan for discussions on strategic and operational aspects of monetary policy, agreeing to maintain regular dialogue and expand cooperation. The meetings focused on Uzbekistan’s inflation targeting regime, monetary policy operational framework, decision-making and communication practices, and included an exchange of views on the Forecasting and Policy Analysis System.
Monetary policyMonetary policy framework & strategyDomestic cooperation
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2026-05-12•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority has launched a consultation on revising its Anti-Money Laundering Ordinance for financial intermediaries to align with amendments to the Anti-Money Laundering Act, implement remaining FATF recommendations and codify supervisory practice. The draft would tighten requirements on understanding customer ownership and control structures, introduce stricter conditions for payments via transitory and payable-through accounts, require beneficial owner declarations for sub-accounts, repeal the treatment of payments to and from Liechtenstein as domestic, and update references to recognized self-regulation for banks, securities firms and insurers.
Policy & regulationRules & requirementsAML and CFT
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2026-05-12•Global•Bank for International Settlements
The Bank for International Settlements has appointed Fabio Panetta, Governor of the Bank of Italy, as Chair of its Board of Directors for a three-year term starting 3 June, succeeding François Villeroy de Galhau. Governors also named Gabriel Galípolo as Chair of the meeting of Governors of major emerging market economies, Michele Bullock as Chair of the Asian Consultative Council, and Kazuo Ueda as Chair of the Committee on the Global Financial System, with terms ranging from two to three years.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-12•Europe•European Central Bank
The European Central Bank has published staff research on how China’s industrial rise is affecting euro area trade, production and prices, finding that cheaper Chinese imports support EU output when used as intermediate inputs but weigh on domestic production when they are final goods. Using 2000-22 data, the paper links higher imports of Chinese intermediates to stronger industrial production growth and higher imports of final goods to weaker growth, and finds that stronger Chinese competitiveness is disinflationary and can raise EU GDP in the short run through cheaper imports and higher household purchasing power, while warning that these gains coincide with weaker Chinese import demand, market share losses for EU exporters and longer-run risks from production displacement and strategic vulnerabilities.
ResearchMarket development
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2026-05-12•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre has issued three annual national updates on money laundering, terrorism financing and proliferation financing risks, highlighting a more complex threat environment driven by technology, globalisation and the overlap of legitimate and illicit activity. The updates note increased misuse of financial services, trade flows, professional facilitators, corporate structures and emerging technologies such as artificial intelligence and virtual assets, with Australia’s open, trade-integrated economy heightening exposure. AUSTRAC states the updates will inform its risk assessment cycle and underpin the Government’s anti-money laundering and counter-terrorism financing reforms.
ResearchAML and CFT
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2026-05-12•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam published Brunei Darussalam’s Business Sentiment Index for February 2026, showing the Current Business Conditions sub-index falling to 42.4 from 55.2 in January, while the one month ahead index rose to 53.1, indicating expected improvement. The release introduces a revised methodology allowing full use of the 0.0 to 100.0 scale with 50.0 as neutral, with historical data to be recalculated and published in the Statistical Bulletin.
Data & statisticsEconomic data and developments
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2026-05-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has launched an open domestic e-bidding process for a procurement package to replace and upgrade information technology security infrastructure, aiming to maintain stable operations and reduce information security risks. The 180-day contract, funded from the state budget under the Commission’s digital transformation operating cost estimate, will be conducted via the National E-Procurement System with bid security set at VND 940,000,000.
Institutional developmentProcurementIT management
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has approved the nomination of Nikolai Valeryevich Markelov as head of the internal audit service of Open Joint Stock Company Eurasian Savings Bank. The decision was adopted on 30 April 2026.
Institutional developmentLeadership change & appointmentsLicence approval
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2026-05-12•Israel•Bank of Israel
The Bank of Israel said banks’ credit exposure to construction and real estate continued to grow rapidly in 2025 while key risk indicators deteriorated, and it is closely monitoring developments and requiring stricter risk management. Construction and real estate now account for about 39 percent of total business credit, with sector credit up 14 percent, driven by a 40 percent rise in financial credit for residential projects to about ILS 69 billion amid weaker demand, record unsold inventory and higher construction costs.
SupervisionRisk monitoring & watch pointsCredit riskAsset quality
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2026-05-12•Israel•Bank of Israel
The Bank of Israel reported that housing credit continued to grow rapidly in 2025 despite fewer housing transactions, with the average gap between purchase and loan drawdown widening to about eight months. It attributed this to developers’ financing incentives and longer construction periods, and noted differing reliance on bank housing loans across buyer groups. While the longer timing gap does not itself signal higher credit risk, the Bank highlighted increased uncertainty around final loan pricing and borrowers’ ability to complete transactions and said it will keep monitoring housing credit risks.
SupervisionRisk monitoring & watch pointsLending
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2026-05-12•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority, with the Union of Arab Securities Authorities, held a seminar on virtual digital products and services, focusing on the virtual economy, security risks, and protection practices. Delivered by cybersecurity expert Dr Hesham Afifi, it covered cloud computing, virtualization, blockchain, digital and virtual assets, cryptocurrencies, cybersecurity, cybercrime, and included a Q&A on distinctions between these assets and related financial applications.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial literacy and education
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2026-05-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has recommended that the systemic risk buffer rate remain at 4.5 percent for exposures in Norway and that the materiality threshold stay at NOK 5 billion. It cited largely unchanged structural vulnerabilities, including high household and corporate debt, similar bank lending and funding structures, exposure to international downturns and market turbulence, and longer-term geopolitical and climate-related risks, while stressing the need for consistent capital requirements without unduly burdening small cross-border exposures.
Policy & regulationGuidance & interpretationCapital adequacyFinancial stability and systemic risk
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2026-05-12•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority has published a commentary presenting Rwanda’s capital market as a steadily expanding part of the country’s long-term development. It points to stronger regulation, trading and settlement infrastructure, and the central role of Treasury securities in building the market. The piece also identifies digital access, retail participation and East African Community integration as key areas for further growth.
Policy & regulationGuidance & interpretationMarket developmentSupervision process and methodologies
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2026-05-12•Norway•Norges Bank
Norges Bank’s semiannual financial stability report finds the Norwegian financial system remains robust despite geopolitical uncertainty, market volatility risks, and increased cyber and operational vulnerabilities, with banks well placed to handle stress and higher losses. The Committee on Monetary Policy and Financial Stability kept the countercyclical capital buffer at 2.5 percent and advised maintaining the systemic risk buffer at 4.5 percent, while warning that climate-related shocks and vulnerabilities in non-bank financial institutions require close monitoring. It also noted international discussions on simplifying capital requirements and reporting, stressing that simplification must not weaken resilience.
ResearchFinancial stability and systemic riskClimate risk and sustainable finance
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2026-05-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that the Administrative Review Tribunal has replaced a two-year registration prohibition on financial adviser Stephen Rogers with a three-year prohibition ending on 27 November 2028, after crediting an earlier non-registration period. Rogers remains prohibited from registration with ASIC and from providing personal advice to retail clients on relevant financial products, following findings that he gave non-compliant and misleading or deceptive advice using a scaled advice model while authorised by United Global Capital Pty Ltd.
EnforcementSanctions & designations
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2026-05-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that former financial services director Ashley Arandez has been sentenced by the County Court of Victoria to five years and six months’ imprisonment, with parole eligibility after three years and six months, after pleading guilty to dishonest conduct, operating an unlicensed financial services business and recklessly dealing with the proceeds of crime involving AUD 1.97 million. Between 2017 and 2021 he advised clients to invest self-managed superannuation funds into products he controlled, promising returns of 8–12% per annum or up to 300% over three years, with many investments not fulfilled and some funds used for personal purchases.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-05-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs has released updated bill text for digital asset market structure legislation that will serve as the basis for committee markup of the CLARITY Act. The manager’s amendment, published by Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis and Senator Thom Tillis, reflects ongoing negotiations with Democrats and input from regulators, industry and consumer groups, and builds on prior market structure principles and discussion drafts.
Policy & regulationRules & requirements
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2026-05-12•Australia•Council of Financial Regulators
The Council of Financial Regulators has published a Better Regulation Roadmap for the financial sector, combining an implementation plan with more than 50 commitments across CFR Plus agencies and a separate APRA-ASIC package to streamline data collection and sharing. The measures focus on cutting duplicate reporting, improving digital and data processes, and simplifying guidance, licensing and other regulatory requirements. Relevant initiatives will feed into the Regulatory Initiatives Grid, while legislative reform feedback is being reviewed for advice to government.
Policy & regulationImplementation, projects & pilotsRegulatory burdenRegulatory reporting
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2026-05-12•Uzbekistan•Ministry of Finance (Republic of Uzbekistan)
The Ministry of Economy and Finance of Uzbekistan reported progress on digitisation and artificial intelligence, including four priority digital projects, an AI working group, AI-based support tools, and a business process audit and redesign initiative. The projects cover subsidy administration, higher education workforce planning, supervisory board governance and open budget processes, while AI pilots include an assistant on the Open Budget portal, a G'azna chatbot module in the UzASBO suite and the IM AI analytical system for regional macroeconomic and enterprise-level analysis.
Institutional developmentTechnology & data transformationOther
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2026-05-12•Japan•Ministry of Finance (Japan)
Japan’s Ministry of Finance reported that Finance Minister Katayama and U.S. Treasury Secretary Scott Bessent met in Japan on 11–12 May to review global economic issues and reaffirm closer Japan-U.S. cooperation, with follow-up expected at the G7 Finance Ministers and Central Bank Governors’ Meeting. Discussions covered the Middle East outlook and its impact on financial and foreign exchange markets, responses to cyber threats linked to artificial intelligence, and measures to strengthen supply chain resilience for critical minerals.
Policy & regulationCooperationGeopolitical riskCross-border cooperation
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2026-05-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has launched the BSP E-Learning Academy Know Your Money course, a free self-paced online program to improve Filipino cash handlers’ ability to authenticate banknotes and coins and support currency integrity. Developed by the central bank’s currency experts and delivered via BELA, the course covers currency authentication, proper cash handling, relevant laws and regulations, and central bank policies, and provides certificates to participants from financial institutions and retail establishments who complete the training.
Financial literacy & educationFinancial literacy and education
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2026-05-12•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo is hosting an IMF technical assistance mission from 12 to 22 May 2026 to complete systemic risk analysis and stress testing under the Financial Sector Stability Review. The mission will calibrate macroeconomic stress scenarios, execute a full solvency stress test, and further develop liquidity stress testing, including bank-specific Liquidity Coverage Ratio scenarios and system-level liquidity analysis. IMF experts will work with central bank staff to support these exercises, address data and modelling gaps, and shape the bank’s future financial stability agenda.
Policy & regulationImplementation, projects & pilotsCapacity buildingFinancial stability and systemic risk
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2026-05-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has issued final guidance for issuers of financial products with sustainability-related characteristics, clarifying how fair dealing and disclosure obligations under the Financial Markets Conduct Act 2013 apply when such characteristics are promoted. Replacing 2020 and 2022 integrated financial product guidance, it sets principles that claims must be clear, substantiated, consistent and supported by effective management of third-party involvement, and applies to statutory disclosure documents and wider communications, with a focus on retail products.
Policy & regulationGuidance & interpretationDisclosures
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2026-05-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway closed its review of Napatech A/S’s unsolicited pre-close analyst calls, finding it could not determine that inside information had been disclosed. It warned listed issuers that such calls pose a risk of unlawful selective disclosure and highlighted European Securities and Markets Authority good practices on pre-close communications, while noting Napatech’s commitment to tighten internal policies and align future calls with this guidance.
SupervisionReviews, inspections & stress testsMarket abuse
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2026-05-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission held an internal workshop on tokenization and digital assets led by specialists from El Salvador’s National Commission of Digital Assets under their cooperation agreement. The session focused on public offerings of real-world asset tokens and stablecoins, technology standards for exchange and tokenization platforms, P2P market activity within the supervisory perimeter, and blockchain transaction traceability tools, and forms part of ongoing bilateral cooperation on digital assets.
Institutional developmentCooperation & capacity buildingFintech and insurtechBlockchain and distributed ledger technology
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2026-05-12•United Kingdom•UK Parliament
The UK Parliament House of Lords Industry and Regulators Committee warns that unclear Government guidance, legislative constraints and competing statutory duties risk leaving regulators unable to meet expectations to support innovation and economic growth, potentially deterring investment. It calls for clearer direction on balancing growth with consumer and environmental protections, political backing and legislative change where a less risk-averse approach is desired, and better metrics and lead regulator models to improve accountability and reduce regulatory costs. The report also urges regulators to speed up processes, engage more proactively with industry and expand regulatory sandboxes.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2026-05-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has published materials from the 152nd and 153rd Automobile Liability Insurance Councils detailing decisions to increase and revise compulsory automobile liability insurance premiums, with new rates to apply from November 2026. The publication is intended to help automobile users understand the background and necessity of the premium changes.
Policy & regulationGuidance & interpretationOther
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2026-05-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the 15th Consultative Council of the Ministry of Finance in Luanda, where its representatives delivered a panel on crowdfunding. The presentation covered advantages and risks, different models, parties involved and regulatory aspects, and was framed as a contribution to developing new funding sources for companies and other economic agents.
Policy & regulationCooperationCrowdfunding
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2026-05-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the 4th Academic Week of the Higher Polytechnic Institute of Technologies and Sciences in Luanda, presenting an analysis of capital market performance and a strategic review of key challenges, opportunities and future prospects. It also joined a roundtable on capital market perspectives and barriers in Angola, focusing on the market’s role in national economic growth, the contribution of financial institutions and strategies to attract more companies and investors.
OtherFinancial literacy and education
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2026-05-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has issued for comment draft revisions to its Comprehensive Supervision Guidelines for Financial Instruments Traders to align supervision with updated NISA system guidance on verifying the location of NISA customers. The draft reflects the fiscal 2026 tax revision and related updates by the NISA Promotion and Liaison Council to its guidelines for account opening, solicitation and sales of the NISA system.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-05-11•Global•International Monetary Fund
The IMF reached a staff-level agreement with Honduras on policies and reforms to complete the fourth and fifth reviews of its Extended Credit Facility and Extended Fund Facility, enabling potential access to about USD 245 million pending Executive Board approval. IMF staff assessed performance as broadly favorable and agreed to maintain a 2026 non-financial public sector deficit target of 1 percent of GDP, while prioritizing targeted social spending, strengthening the monetary and exchange rate framework, reforming foreign exchange auctions, and advancing energy sector measures. The statement also highlights governance and business climate reforms, including liquidating identified trust funds, temporarily ring-fencing the new health trust fund, adopting Financial Action Task Force-related legislation, and operationalizing the beneficial ownership registry before Honduras’ 2026 evaluation.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-11•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force set strategic priorities under its current presidency to enhance faster, more flexible responses to organised crime, fraud and cyber threats, with a work programme focused on strengthening the presidency framework, advancing institutional development and overseeing the third round of mutual evaluations. Launched last year, this round now covers five countries at different stages, and MENAFATF has also created its first forum for research and training centres to integrate academia into regional efforts against financial crime.
Policy & regulationReform agendas & prioritiesCyber resilience
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2026-05-11•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland reported that U.S. business leaders raised their 12‑month Consumer Price Index inflation expectations to 3.7 percent in the second quarter of 2026, up from 3.1 percent in the first quarter. The Survey of Firms’ Inflation Expectations now includes new questions on prices, costs, employment, wages, research and development spending, gross domestic product growth, sectoral uncertainty, views on the Federal Reserve’s inflation objective and optimal inflation, and the probability of sub‑1 percent inflation.
Data & statisticsEconomic data and developments
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2026-05-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic Pensions Superintendency’s superintendent, Francisco A. Torres, outlined a preferred mixed pension model combining a guaranteed basic pension floor with incentives for additional saving through complementary plans. He noted that the Dominican system is an individual capitalization scheme providing a basic benefit after 25 years of contributions, highlighted that over 70% of global pension systems use individual capitalization as their main pillar, and stressed the system’s security while warning that weak contribution density and the need for higher contributions risk lower-than-expected pensions.
SupervisionRisk monitoring & watch points
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2026-05-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic’s Pensions Superintendency published remarks by Superintendent Francisco A. Torres highlighting a global shift toward mixed pension models that combine a guaranteed pension floor with incentives for supplementary savings, and warning that low contribution density risks lower-than-expected pensions. He noted that the Dominican system already guarantees a basic income after 25 years of contributions, emphasized that over 70% of global systems use individual capitalization as their main pillar, and underscored its 24-year track record of security supported by continuous supervision and individually owned, non-seizable accounts.
Policy & regulationReform agendas & priorities
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2026-05-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique’s Ministry of Finance announced that the Assembly of the Republic has approved in principle a law to establish the Development Bank of Mozambique, to finance economic, social and sustainable development projects in sectors underserved by commercial banks. The bank will have initial share capital of MZN 32 billion, fully subscribed by the state, with potential participation of development finance institutions and multilateral banks of up to 49 percent, and will operate on a non-commercial basis with a mandate focused on financial additionality and a catalytic role in the financial system.
Policy & regulationRules & requirementsMarket development
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2026-05-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique’s Ministry of Finance announced that the Assembly of the Republic has approved the law establishing the Mozambique Development Bank as a specialised vehicle to connect development partners with transformative projects and support financial inclusion. Grounded in principles of financial additionality and catalytic effect, it will operate as a non-commercial development institution mandated to support structuring projects and mobilise financing for strategic investments, with no private-sector crowding out expected.
Policy & regulationRules & requirementsSME financing
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2026-05-11•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network has issued a notice urging financial institutions in and around 2026 FIFA World Cup host cities to heighten monitoring for sex and labor trafficking and report suspicious activity linked to potential human trafficking. FinCEN calls on firms to notify law enforcement through the National Human Trafficking Hotline, file Suspicious Activity Reports as soon as possible, and enhance vigilance by customer-facing staff for transactional and behavioral red flags, including unusual travel-related payments, cash deposits followed by transfers, peer-to-peer transfers, digital assets or prepaid cards, and exploitative labor patterns.
SupervisionAlertsAML and CFT
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2026-05-11•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has published a digital reference consolidating securities regulatory updates from 2000 to 2026 into the 2015 implementing rules. It incorporates amendments into the relevant provisions, cross-references other guidance and will be updated regularly.
Policy & regulationGuidance & interpretationComplianceSecurities offerings and listingsConsumer and investor protection
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2026-05-11•United States•The White House
The White House submitted new nominations to the Senate, including Francis Brooke as Deputy Secretary of the Treasury and John Crews to the National Credit Union Administration Board for a term expiring August 2, 2031. The package also withdraws Casey Means’s nomination as Medical Director in the Regular Corps of the Public Health Service and Surgeon General and nominates Nicole Saphier to those roles for a four-year term, along with other senior appointments across homeland security, labor, transport, and public health.
Institutional developmentLeadership change & appointmentsOther
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2026-05-11•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has clarified which licensing and registry requests must now be filed via the GovBr portal and which remain on the SEI system after the migration to the new CADPREVIC register. Four licensing workflows have been automated and are only available on GovBr, while 22 are being digitalised under a transformation plan with the Ministry of Management and Innovation in Public Services, with other non-automated requests continuing on SEI. PREVIC also outlined current CADPREVIC consultation functionalities and confirmed that officer-related filings for certain entities remain on SEI.
Policy & regulationGuidance & interpretationProcurement
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2026-05-11•Puerto Rico•Office of the Commissioner of Financial Institutions of Puerto Rico
The Office of the Commissioner of Financial Institutions of Puerto Rico has rejected allegations of improper conduct made in an affidavit by an officer of a company it fined and reaffirmed its 31 October 2025 complaint and order to show cause against Allied Fleet Services and AAA Car Rental. The authority cites a long pattern of non-compliance, including repeated late licence renewals, operating without required licences since 1 January 2025, and failures to submit mandated reports and audited financial statements, and notes that fines were imposed under applicable regulations after remediation efforts. It adds that both companies’ leasing licences were renewed on 1 April 2026 once required documentation was provided and that they are currently authorized to operate.
EnforcementInvestigations & enforcement actionsOther
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2026-05-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has scheduled an enforcement hearing to consider two administrative sanctioning proceedings involving IRB - Brasil Resseguros S.A. and its managers, and the directors of Companhia de Tecidos Norte de Minas (Coteminas) under judicial reorganization. The cases concern alleged disclosure irregularities and possible breaches of article 176 of Law 6,404 and multiple provisions of Brazil Securities Commission Resolution 80.
EnforcementInvestigations & enforcement actionsDisclosures
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2026-05-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has published an assessment of ESG disclosures in the Reference Form (FRE), finding that Resolution CVM 59 has expanded transparency but that use of this information remains limited and reporting could be better harmonised as Resolution CVM 193 becomes fully operational. Based on consultations, surveys and disclosure reviews, the study highlights the comply-or-explain model and lack of assurance requirements, and proposes reviewing low-quality disclosure areas, removing fields duplicative of IFRS S1 and IFRS S2, limiting disclosures to ISSB-based standards and separating ESG from broader corporate governance reporting.
Policy & regulationGuidance & interpretationDisclosuresClimate risk and sustainable finance
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2026-05-11•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said its chairman, Youcef Bouzenada, participated by videoconference in the 51st IOSCO Annual Meeting. Discussions covered capacity building, financial market development and support for emerging markets through the IOSCO Growth and Emerging Markets Committee, Africa and Middle East Regional Committee and Presidents Committee. The meeting also included presentations on international regulatory practices and lessons from market development initiatives.
Policy & regulationCooperationCapacity buildingMarket development
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority published findings from a multi-firm review of UK-registered credit rating agencies, reinforcing expectations under the UK Credit Rating Agencies Regulation on surveillance, methodologies and internal controls. The review identified weaknesses in surveillance frequency and governance, model review and validation, error management, internal oversight, and treatment and disclosure of environmental, social and governance factors, and stressed that artificial intelligence and models require robust governance. The FCA expects boards to oversee remediation of gaps and will continue supervisory engagement, including spot checks.
SupervisionReviews, inspections & stress testsCredit ratings
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2026-05-11•Romania•National Bank of Romania
The National Bank of Romania hosted the spring meeting of the OECD International Network on Financial Education in Bucharest, where members discussed priorities and actions for the next two years and ways to strengthen cooperation in financial education. A subsequent conference on “Financial literacy to support security, independence and inclusion” examined financial education’s role in economic and social development, financial security, inclusion and consumer protection, and was framed as part of Romania’s preparations for OECD accession and broader cooperation within the organisation.
Financial literacy & educationFinancial literacy and education
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2026-05-11•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has published its 2025 Roadshow report, summarising feedback gathered by Chair Bruna Szego during visits to all EU Member States on evolving risks, supervisory and obliged entity challenges, and expectations of the new EU anti-money laundering and counter-terrorist financing framework. The report serves as a common reference point for AMLA’s engagement with national supervisors, financial intelligence units and private sector stakeholders, and complements a 2025 survey of non-financial sector supervisors as part of a broader mapping of the European AML/CFT landscape.
Policy & regulationCooperationAML and CFT
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2026-05-11•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority has approved Digital Research Company's capital increase from SAR 16,875,000 to SAR 29,531,250 through the issuance of three bonus shares for every four existing shares. The increase will be funded by transfers from the statutory reserve and share premium accounts, raising outstanding shares from 1,687,500 to 2,953,125, and is conditional on an extraordinary general assembly being held within six months and compliance with all regulatory requirements.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-11•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance reported progress on a new cooperation agenda between the Association of Latin American Insurance Supervisors and the National Association of Insurance Commissioners, including joint projects on catastrophic risk analysis for Latin American supervisors. The agenda focuses on climate resilience, protection gaps, risk-based supervision and technical strengthening, while discussions also addressed financial inclusion, broader access to insurance and enhanced policyholder protection in the region.
SupervisionCooperationCross-border cooperationFinancial inclusion
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2026-05-11•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative has issued a briefing paper clarifying how banks can support and measure their contribution to sustainability, emphasizing that banks act primarily as enablers and that their main impacts arise indirectly through financed activities. The paper calls for bank-specific expectations and assessment frameworks and highlights the need for a stronger sector-specific focus on private actors beyond 2030. UNEP FI also launched a Bank Indicator Repository of sustainability and impact management indicators mapped to the Sustainable Development Goals.
Policy & regulationGuidance & interpretationClimate risk and sustainable financeESG
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2026-05-11•United States•U.S. Department of Justice
The U.S. Department of Justice has launched the remission compensation process for victims of AirBit Club, a purported virtual currency mining and trading company that it described as a pyramid scheme. More than USD 400 million in forfeited assets is available for eligible victims, who will be contacted by the remission administrator, RCB Fund Services, LLC, and are warned to be alert to impersonation scams, as no payment is required to participate.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-11•Canada•Ontario Securities Commission
The Ontario Securities Commission has published a Capital Markets Tribunal order requiring one or more respondents in the Go-To Developments Holdings Inc. matter to disgorge amounts obtained through violations of Ontario securities law. Any funds collected will be administered under OSC Rule 11-502, and investors can obtain updates on potential distributions and the status of disgorgement amounts via the Ontario Securities Commission website.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-11•Canada•Ontario Securities Commission
The Ontario Securities Commission’s Capital Markets Tribunal approved settlements with former Medivolve Inc. director Stan Bharti and former CEO Neil Said, who admitted authorizing financial disclosure documents with material misstatements about an April 2020 acquisition and undisclosed related-party share issuances. Bharti is permanently banned from serving as a director or officer of any issuer, Said faces a five-year ban, and they paid a combined 985,000 in administrative penalties, 1.779 million in disgorgement, and nearly 100,000 in investigation and proceeding costs.
EnforcementInvestigations & enforcement actionsAccounting and financial reportingCorporate governance
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2026-05-11•United States•Financial Crimes Enforcement Network
The U.S. Financial Crimes Enforcement Network has issued an alert to help financial institutions identify and disrupt funding and procurement networks supporting Iran’s Islamic Revolutionary Guard Corps, including those tied to illicit oil sales. It details the use of shell and front companies, shadow banking networks, a shadow fleet of vessels, forged shipping documents and digital asset channels, and provides red flags related to shipping, exchange houses and digital asset activity to support suspicious activity reporting. It reiterates that persons, vessels and foreign financial institutions facilitating illicit Iranian oil trade risk U.S. sanctions, including secondary sanctions.
SupervisionAlertsAML and CFT
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2026-05-11•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority reported on a meeting between Chairperson Islam Azzam and the Egyptian Private Equity and Venture Capital Association, highlighting private equity, venture capital and entrepreneurship as key drivers of financing and growth. Discussions covered listing attractiveness, secondary debt markets, securitisation, legislative incentives to boost Egyptian Exchange listings and exits, and greater use of financial technology. Azzam noted stronger market activity in early 2026, including total trading of more than EGP 6 billion in the first quarter, April securities trading of about EGP 2,198 billion, market capitalisation of about EGP 3.7 trillion and a 215% year-on-year rise in new investor codes.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-11•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has amended rules for executing redemption requests in open-ended charitable investment funds to provide greater flexibility in meeting redemption demand while managing liquidity and protecting investors. Redemptions will continue to be executed up to the level of purchase requests, with excess requests allocated pro rata, and funds may permit redemptions above purchase levels if justified by the investment manager and approved by the board. Egypt currently has five such funds with total net assets of EGP 1.1 billion.
Policy & regulationRules & requirementsLiquidity risk
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that loans of universal and commercial banks grew 10.7 percent year on year in March 2026, up from a revised 9.6 percent in February, with seasonally adjusted outstanding loans rising 1.7 percent month on month. Business loans expanded 9.7 percent, driven by real estate, utilities, trade and transport, while consumer loans grew 20.5 percent amid slower growth in motor vehicle and salary-based general purpose loans. Outstanding loans to residents increased 11.1 percent, whereas loans to non-residents declined 5.9 percent.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that domestic liquidity (M3) grew 12.0 percent year on year to PHP 20.4 trillion in March 2026, driven mainly by continued growth in borrowings by non-financial private corporations and households, with seasonally adjusted M3 up 1.7 percent month on month. Claims on the private sector rose 11.8 percent and net claims on the central government increased 12.1 percent, while net foreign assets expanded 8.6 percent and the narrower M1 measure grew 9.4 percent year on year.
Data & statisticsMonetary data
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2026-05-11•North Macedonia•North Macedonia Insurance Supervision Authority
The North Macedonia Insurance Supervision Authority will hold Open Days on 18 and 26 May 2026 as part of activities marking May as the month of financial literacy. The sessions aim to explain in a simple and practical way the authority’s role and functioning and the rights of insured persons.
Financial literacy & educationFinancial literacy and education
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2026-05-11•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds has published a draft regulation establishing a framework for the Banking as a Service model under its Open Finance Roadmap. The proposal governs accounts, loans, payments and transfers, clarifies that the regulated financial institution remains fully responsible to customers and the supervisor, and sets requirements on information security, risk management, prevention of illicit activities and consumer protection, including rules to avoid user confusion over responsible entities.
Policy & regulationRules & requirementsOpen banking and finance
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2026-05-11•Indonesia•OJK
The Indonesia Financial Services Authority used a digital financial literacy lecture to urge young consumers to approach crypto assets and tokenisation critically and responsibly, stressing that stronger literacy is essential to participation in Indonesia’s expanding digital finance market. OJK highlighted rapid growth, including more than 21 million crypto accounts as of February 2026, 2025 trading value of IDR 482.23 trillion, over 1,464 traded crypto assets, and 25 licensed digital financial asset traders supported by exchange, clearing, custody, banking and payment infrastructure. The authority will continue working with universities, industry associations and other stakeholders to expand digital financial literacy.
Financial literacy & educationFinancial literacy and educationBlockchain and distributed ledger technology
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2026-05-11•Indonesia•OJK
The Indonesia Financial Services Authority used the Australia-Indonesia Anti-Scam Workshop to deepen cross-border cooperation with Australian authorities on fast-evolving financial scams, highlighting a sharp rise to more than 530,000 reported cases in Indonesia’s financial services sector. OJK outlined a four-pillar strategy of prevention, detection, disruption and enforcement, including public education, data and artificial intelligence, rapid blocking of accounts and phone numbers, and closer work with law enforcement and other agencies through Satgas PASTI and the Indonesia Anti-Scam Centre.
Policy & regulationCooperation
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2026-05-11•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles has published its first climate-related financial risk assessments of the banking sector, finding that while average losses may be low under normal conditions, severe physical climate events could significantly weaken economic activity, impair loan repayment and pressure banks’ capital, particularly where assets are exposed to sea-level rise and tidal flooding. A review of the 25 largest lending exposures at the two biggest banks shows over 92% of portfolios are tied to highly vulnerable coastal assets, with about SCR1.64 billion, or 54% of analysed debt, in the critical risk category and all high-risk loans lacking insurance. The findings will guide implementation of the central bank’s Climate-related Financial Risk Supervision Strategy and inform future climate stress-testing, supervisory frameworks and data collection.
ResearchClimate risk and sustainable financeStress testing
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2026-05-11•Liechtenstein•Finance Liechtenstein
Finance Liechtenstein, in an article by Simon Tribelhorn for The European, underscores Liechtenstein’s strategic position between the European and Swiss markets, combining full European Economic Area single market access with close economic integration with Switzerland. The piece highlights constitutional stability, transparent institutions, rule of law and a diversified, globally oriented economy as key advantages, positioning the principality as a stable base for cross-border business and long-term planning amid geopolitical uncertainty in Europe.
OtherGeopolitical risk
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2026-05-11•Indonesia•Bank Indonesia
The Bank of Indonesia has launched Green Calculator Version 2, an enhanced carbon emissions calculation tool to support more accurate and consistent sustainability reporting, green finance development and climate risk management. The updated tool expands sectoral coverage, incorporates more comprehensive methodologies, improves accessibility and produces higher-quality emissions data aligned with the international Greenhouse Gas Protocol standard.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeGreen taxonomy
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2026-05-11•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 1,697 first-quarter 2026 complaints in Oaxaca, 2.4% of the national total and up 9.6% year-on-year, with users recovering MXN 7.3 million and a 49.5% favorable outcome rate. Possible fraud, mainly unrecognized purchases and account charges, accounted for 28.6% of complaints, while commercial banks represented 53.4% of cases and electronic case management 77.0%. In banking, unrecognized purchases, account charges and electronic transfers comprised 43.2% of complaints, with credit cards, debit cards and personal loans making up 59.7% of cases.
Data & statisticsComplaints and dispute resolution
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2026-05-11•United Arab Emirates•General Pension and Social Security Authority
The United Arab Emirates General Pension and Social Security Authority issued guidance on how benefits build under the current pension system, including a maximum pension entitlement of 100 percent of pension calculation salary after 35 years of service. It also highlighted day-one protection for disability, occupational illness and death, tiered end-of-service gratuity rates for those leaving before retirement eligibility, and continuing survivor benefits subject to legal conditions. Members were directed to the Ma’ashi Platform to monitor service records and estimate pension or gratuity outcomes.
Policy & regulationGuidance & interpretation
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2026-05-11•France•Bank of France
The Bank of France reported that the G7 central bank Quantum Technologies Working Group, co‑chaired with the Bank of Canada, has issued its first public report outlining a shared analytical framework on how quantum technologies could affect central bank activities and the wider financial sector. The report highlights risks to data and communication security from future quantum computing, the central role of post‑quantum cryptography in quantum‑resilient security, exploratory applications in portfolio optimisation and risk analysis, and system‑level issues including provider concentration, shared dependencies and skills gaps, while stressing that the work supports monitoring and knowledge exchange rather than regulatory decisions.
Policy & regulationCooperationQuantum computing
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2026-05-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has published the results of its 2025 Common Supervisory Action on the compliance and internal audit functions of alternative investment fund managers and UCITS management companies, finding broad compliance with core requirements but significant weaknesses in the independence, quality and practical application of control functions and related oversight by senior management and boards. The EU-wide review highlights gaps in documentation, compliance risk assessments, monitoring and audit plans, follow-up of remedial actions, resourcing and oversight of outsourced or group-provided tasks, and sets out examples of good and poor practices. National competent authorities will address breaches and vulnerabilities through supervisory action and remediation requests, while ESMA will continue to coordinate supervisory convergence work.
SupervisionReviews, inspections & stress testsAuditing
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2026-05-11•Europe•European Central Bank
The European Central Bank has published a working paper on how auto lenders adjusted used-car loan terms after the 2015 diesel emissions scandal and the introduction of low-emission zones. Using 843,889 loans from France, Germany, Italy and Spain between 2008 and 2018, the authors find that captive lenders owned by car manufacturers supported diesel vehicle financing by lowering interest rates and increasing loan-to-value ratios, while independent banks raised borrowing costs in response to circulation restrictions. The paper finds no evidence that lenders adjusted diesel loan conditions in anticipation of future restrictions based solely on prior nitrogen dioxide limit breaches.
ResearchCredit riskMarket risk and volatility