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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
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2026-05-11•Europe•European Central Bank
The European Central Bank published a Working Paper assessing the impact of its exchange rate communication during 217 monetary policy press conferences between 2002 and mid-2023. The authors find that, after controlling for monetary policy shocks, exchange rate statements had limited and short-lived effects on the euro, with effectiveness particularly weak at the effective lower bound, and that monetary policy and central bank information shocks, rather than exchange rate remarks, explained most high-frequency euro moves.
ResearchCurrency and cash managementMarket risk and volatility
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2026-05-11•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a further consultation on amendments to its takeover rules, focusing on disclosure and exemption mechanics for securities acquisitions. Proposals include requiring a declaration of intent on Form 247-3 for conditional takeover announcements (with an exemption for delisting tender offers), clarifying waiver calculations for partial tender offers, and specifying timelines for reducing holdings and filing Form 246 2 where exemptions from mandatory tender offers apply.
Policy & regulationRules & requirementsCorporate governance
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2026-05-11•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has adopted amendments to its Rulebook, covering the General Module, prudential requirements for investment, insurance intermediation and banking business, the Glossary Module, and the Islamic Finance Rules, effective 1 January 2027. The DFSA Board made four rule-making instruments and issued a feedback statement, noting that the final legislation may differ from Consultation Paper No. 167 and that updated modules will replace existing versions on its website, with earlier versions retained in an archive.
Policy & regulationRules & requirements
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2026-05-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority warned that Hong Kong Interbank Clearing Limited has identified a fraudulent website, paymentsystem[.]sbs, impersonating HKICL and harvesting user login credentials before directing victims to WhatsApp chats with fraudsters posing as customer service staff. The authority stressed the site has no affiliation with HKICL, which does not operate any WhatsApp channel or normally contact the public proactively, and urged the public to treat suspicious communications cautiously, verify HKICL contacts via its general line, and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
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2026-05-11•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia and Bank Indonesia have signed a new Memorandum of Understanding to strengthen bilateral cooperation across central banking functions, including monetary policy, financial stability, macroprudential policy, payment systems, digitalisation and financial sector development. The memorandum aims to deepen cooperation in existing areas, extend collaboration into emerging areas of mutual interest and provide a comprehensive platform for continued joint work and information sharing.
Policy & regulationCooperationDomestic cooperation
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2026-05-11•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority has approved draft IFSCA Managing General Agents Regulations, 2026, establishing a framework for registering, regulating and operating managing general agents (MGAs) in Indian IFSCs. The draft sets eligibility criteria for MGAs and foreign insurers, minimum capital and net worth thresholds, and requirements on binding authority agreements, fiduciary accounts, audits, financial security, governance, conduct and record-keeping. Registered MGAs may undertake direct insurance business within the IFSC and outside India, with business from Double Taxation Avoidance Agreement jurisdictions subject to Section 2CB of the Insurance Act, 1938.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-11•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority reported that its chief executive officer participated in the 51st Annual Meeting of the International Organization of Securities Commissions, a virtual gathering focused on market development in emerging economies, capacity-building and related risks. The agenda covered sessions of the Growth and Emerging Markets Committee, the Africa and Middle East Committee and the Presidents Committee, where participants reviewed the March 2026 Growth and Emerging Markets Committee Market Development Survey and shared experience on supporting local capital markets and improving rankings in global equity indices.
Policy & regulationCooperationMarket development
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2026-05-11•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela has rejoined the Center for Latin American Monetary Studies as part of the normalization of Venezuela’s multilateral financial relations, regaining access to joint work programmes, technical cooperation and regional exchanges on monetary policy, financial stability and new technologies. The announcement followed acting president Luis A. Pérez G.’s participation in CEMLA’s 120th Meeting of Governors and assembly in Spain, where participants agreed a 2026 roadmap focused on institutional normalization and the use of artificial intelligence and big data.
Policy & regulationCooperationCross-border cooperation
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2026-05-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported that gross foreign exchange reserves stood at EUR 28,156.3 million at end-April, down EUR 329.5 million from end-March, while net reserves declined to EUR 23,625.5 million, covering 159.7% of M1 and 6.5 months of imports. Gold reserves reached a record 53,963.0 kilograms, valued at EUR 6,857.9 million or 24.4% of gross reserves, following additional domestic purchases, while the dinar remained broadly stable against the euro as the central bank was a net buyer of EUR 15.0 million in April but a net seller of EUR 1,205.0 million year-to-date.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Serbia•National Bank of Serbia
The National Bank of Serbia’s Executive Board has designated systemically important banks in Serbia and set additional common equity capital buffer rates of 1% or 2% of risk-weighted assets, depending on their systemic importance. The assessment is conducted at least annually under the bank capital adequacy framework, with the list of systemically important banks and applicable buffer rates published on the central bank’s website.
Policy & regulationRules & requirementsCapital adequacyFinancial stability and systemic risk
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2026-05-11•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission co-hosted an online training workshop with the Australian Securities and Investments Commission on ASIC’s regulatory approach to cryptoassets and digital assets, as a capacity-building exercise for Vietnam’s securities officials. Discussions covered ASIC’s legal framework and licensing roadmap for digital asset platforms, tokenization initiatives, asset classification, client asset protection, use of distributed ledger technology, and anti-money laundering and market transparency requirements.
Institutional developmentCooperation & capacity buildingFintech and insurtechRegtech and suptech
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2026-05-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro’s Council adopted measures to strengthen regulation of non-bank financial service providers, align the framework for financial conglomerates with the relevant EU directive, and modernise payments infrastructure. The draft amendments introduce a new company for combined financial operations subject to stricter prudential requirements and raise the minimum value of transactions processed through the real-time gross settlement system from EUR 1,000 to EUR 3,000 in preparation for a domestic instant payments system under the TIPS Clone project.
Policy & regulationRules & requirementsPayments and payment systems
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2026-05-11•San Marino•Central Bank of San Marino
The Central Bank of San Marino announced that the Great and General Council has appointed Massimo Mancini to its Board of Directors under Article 10 of its statute, replacing outgoing Vice President Francesco Mancini at the end of his term. At its 30 April meeting, the Board appointed Walter Guidi as Vice President.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has adopted a 27 April 2026 board resolution amending several regulatory legal acts to align them with the Law On Consumer Credit and the law amending certain legislative acts on banking legal relations. The electronic version of the resolution is available on the central bank’s website.
Policy & regulationRules & requirementsLending
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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 draft regulatory technical standards on cooperation between home and host supervisors of cross-border groups in the financial and non-financial sectors. Within a broader cooperation framework including AML/CFT supervisory colleges and guidelines, the standards clarify roles and day-to-day cooperation arrangements, address supervisory communication channels and digital solutions, introduce a simplified intra-EU disclosure regime, and set out provisions for cross-border inquiries and coordinated supervisory approaches.
Policy & regulationRules & requirementsCross-border cooperation
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2026-05-11•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway will phase out the Altinn role “Utfyller/Innsender” in 2026, replacing it with access packages for Altinn forms and a dedicated Altinn single service “Finanstilsynet e-Reg” for e-Reg reporting. Delegation of the “Utfyller/Innsender” role will cease from 31 May 2026, though existing holders may continue to use it until year-end 2026, while existing Altinn entity roles, including the managing director role “DAGL”, remain unchanged.
SupervisionRegulatory reportingMandate change
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2026-05-11•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has published a new edition of its quarterly dashboard on Belgian public open-ended investment funds. The dashboard provides an overview for 2025 and figures for the fourth quarter.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-11•Jordan•Jordan Securities Commission
The Jordan Securities Commission has outlined the main features of a draft law amending the Securities Law to align the legislative framework with economic and technological developments. The draft focuses on strengthening investor protection, developing financial market instruments and investments, regulating digital assets and securities, and enhancing the efficiency and transparency of Jordan’s financial market.
Policy & regulationRules & requirements
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2026-05-11•Albania•Bank of Albania
The Bank of Albania Governor, speaking at the IIA Albania International Conference 2026, underscored internal audit as a core pillar of financial stability, institutional integrity and trust, and highlighted enhancements to the central bank’s internal audit as part of the third line of defence. He detailed measures including external quality and self-assessments, strengthened reporting lines, closer cooperation with the Audit Committee and Supervisory Council, and a greater role in operational risk and business continuity management, while noting Albania’s progress in aligning internal auditing standards with European and international practice, including the 2025 Global Internal Audit Standards.
Institutional developmentGovernanceMonetary policy decisions and developments
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that Monetary Board Member Rosalia V. De Leon co-chaired the 29th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in Samarkand, where members reaffirmed their commitment to regional financial cooperation amid global economic challenges and issued a joint statement. Officials reviewed initiatives under the Chiang Mai Initiative Multilateralization, the ASEAN+3 Macroeconomic Research Office, the Asian Bond Markets Initiative and cross-border digital payments. De Leon also co-led the inaugural Central Banking Dialogue on cross-border payments and regional payment connectivity, underscoring the role of efficient, interoperable payment systems in supporting trade, remittances, financial inclusion and financial stability.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2026-05-11•Global•ISDA
The International Swaps and Derivatives Association has released a new episode of The Swap podcast featuring US Securities and Exchange Commission Commissioner Hester Peirce. The discussion covers crypto regulation, Treasury clearing and artificial intelligence in the context of the Clarity Act’s progress in Congress and the evolving US regulatory approach to digital assets.
Financial literacy & educationFintech and insurtechRegtech and suptech
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2026-05-11•Europe•European Commission
The European Commission has published a report concluding that the EU’s regulatory framework for money market funds continues to function well, accompanied by FAQs providing additional guidance. The clarifications focus on minimum liquidity levels and the use of liquidity buffers, particularly during market stress, and aim to support more consistent supervision across the EU. Building on the Commission’s 2023 review, the guidance is intended to help fund managers and competent authorities identify situations requiring closer scrutiny and reduce contagion risk.
Policy & regulationGuidance & interpretationLiquidity riskPrudential risks
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2026-05-11•Europe•European Central Bank - Banking Supervision
In an interview, European Central Bank Banking Supervision Board Member Sharon Donnery said bank competitiveness should rest on resilience, not weaker prudential standards, and called for simplifying the EU framework via greater harmonisation, less complex capital buffers, streamlined reporting and deeper banking integration. She said fragmentation remains a key constraint, reiterated the ECB opposes lower capital buffers, and noted an ECB study found euro area and US banks have comparable capital requirements. She added supervision prioritises business model, governance, resilience in cross-border mergers and geopolitical risk, with results from the ECB’s reverse stress test due in summer.
SupervisionSupervision approach, priorities & toolkitRegulatory burdenSupervision process and methodologies
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2026-05-11•Albania•Bank of Albania
The Bank of Albania, in a speech at an international internal audit conference, underscored internal audit as a core pillar of governance, risk management and financial stability, and described its role as the third line of control in line with international standards. It highlighted enhancements to the internal audit function through external and self-assessments, strengthened reporting and governance cooperation, and progress in aligning with European and global internal audit standards, including the 2025 Global Internal Audit Standards.
Institutional developmentGovernanceAuditing
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2026-05-11•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative reported that France’s export credit agency Bpifrance Assurance Export has moved from affiliate to full membership of the Net-Zero Export Credit Agencies Alliance, committing to decarbonize its portfolio in line with limiting global warming to 1.5°C by 2050. At the alliance’s annual high-level meeting in Oxford, members reviewed progress and agreed to prioritise mobilizing capital for climate solutions and technologies and strengthening cooperation within the export finance sector.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable financeCarbon markets
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2026-05-11•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported that daily average reserve money rose by NT$11.1 billion in April 2026 to NT$7,547.0 billion, as expansionary flows more than offset contractionary liquidity factors. Currency in circulation declined by NT$92.3 billion while reserves deposited with the Bank increased by NT$103.4 billion, and the annual growth rate of daily average reserve money rose to 7.78%, with the average annual growth rate for the first four months of 2026 at 6.68%.
Data & statisticsMonetary data
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority announced that Kingscrown Finance Limited has voluntarily stopped onboarding new customers and undertaking new business with existing customers, including extending credit, with effect from 21 April 2026. The authority reiterated the risks of dealing with unregulated lenders and reminded firms seeking registration under the Money Laundering Regulations 2017 that they must meet anti-money laundering requirements, noting it may impose business restrictions where appropriate.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority published a speech by deputy chief executive Sarah Pritchard outlining expectations for maintaining confidence in growing UK private markets, including strong first-line controls, proportionate regulation and more connected oversight, alongside forthcoming reforms to the alternative investment fund manager regime. The FCA plans parallel proposals to the Treasury’s consultation that would ease obligations for smaller funds and increase requirements for larger ones, and highlighted its focus on conduct and financial stability risks, including a multi-firm review of conflicts of interest and work with the Bank of England on private market risks.
SupervisionSupervision approach, priorities & toolkitMarket development
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2026-05-11•Lebanon•Central Bank of Lebanon
The Central Bank of Lebanon reported USD 6.109 billion in payments to depositors under Circulars 158 and 166 through March 2026, including USD 4.183 billion funded by the central bank. The measures had benefited 578,770 depositors, with 266,166 fully recovering the deposits in their designated subaccounts. All Circular 158 beneficiaries with eligible deposits of USD 40,200 or less had recovered their full savings by the end of April.
Policy & regulationImplementation, projects & pilotsFinancial and market indicators
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2026-05-11•South Africa•South African Reserve Bank
The South African Reserve Bank has appointed Dr Konstantin Makrelov as Chief Economist and Head of Economic Research, with membership on the Monetary Policy Committee and Financial Stability Committee. Dr Makrelov has led the bank’s economic and climate change-related research since January 2024 and previously spent 12 years at National Treasury working on fiscal forecasting and policy assessment.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market revoked two share issue registrations for JSC ZNVKIF Paritet Invest Resurs and JSC ZNVKIF Bekton and suspended the professional capital markets licence of Financial Company Zhytlo-Capital LLC for property management activities related to construction and real estate. The Commission also approved senior appointments, including board, compliance, internal audit, risk, financial monitoring and supervisory board roles, at several regulated firms.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-05-11•Estonia•Ministry of Finance (Estonia)
The Ministry of Finance (Estonia) published the OECD-INFE 2026 financial literacy survey showing an overall score increase from 68 percent to 70 percent over three years, with the largest gains in attitudes, economic wellbeing and digital financial literacy. The ministry highlighted improving investment knowledge and reducing income-, education- and gender-based gaps as priorities, noting strong basic understanding of inflation and interest rates but weak knowledge of bond–interest rate relationships.
Financial literacy & educationFinancial literacy and education
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2026-05-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro’s Council adopted draft amendments tightening the framework for financial leasing, factoring, purchase of receivables, micro-lending and credit-guarantee operations, fully aligning the financial conglomerates regime with the relevant EU directive, and raising the mandatory RTGS payment threshold to EUR 3,000 from EUR 1,000. The measures strengthen governance, internal control and risk management for non-bank financial service providers and support payment system harmonisation and preparations for a domestic instant payments system.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-11•Indonesia•Bank Indonesia
Bank of Indonesia’s April 2026 Consumer Survey shows consumer confidence remained optimistic and broadly stable, with the Consumer Confidence Index edging up to 123.0 from 122.9 in March. The improvement was driven by a higher Current Economic Condition Index at 116.5, while the Consumer Expectation Index stayed optimistic at 129.6, slightly down from 130.4.
Data & statisticsEconomic data and developments
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2026-05-11•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy will lead a high-level delegation to the fourth Investopia Europe Milan, part of Investopia Global Talks, to strengthen economic and investment partnerships with Italy and wider European markets. The programme will focus on expansion opportunities in the new economy, tourism, real estate, luxury, artificial intelligence and advanced technologies, and will also examine opportunities in Africa across capital, financial services, energy, luxury goods, real estate, logistics and supply chains. The delegation will hold meetings with Italian ministers, officials and businesses to explore new economic partnerships.
OtherCross-border cooperation
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2026-05-11•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision has published 2025 data on complaints received by insurance undertakings operating in Italy, reporting 107,460 complaints, down 5.4% from 2024, with 47.5% relating to motor third-party liability, 40% to other non-life lines and 12.5% to life business. The decline was driven by a 9.5% fall in complaints against Italian undertakings, while complaints against foreign undertakings rose by 15.3%, particularly in non-life business. IVASS reports that 29.8% of complaints were upheld, with an average response time of 21 days versus a 45-day regulatory maximum, and has published full documentation and complaint rankings via interactive tables on its website.
Data & statisticsComplaints and dispute resolution
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2026-05-11•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities held its 20th annual Board meeting, approving the 2025 annual report and financial statements, the 2026 budget forecast and training plan, and reviewing the 2026 work plan. The Board instructed publication of guidance on cross-border financial activities, market risks and cybersecurity cooperation, launched consultation on the 2026–2030 strategic plan, and authorized a Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions, subject to no financial or legal obligations.
Policy & regulationGuidance & interpretationCyber resilienceRegtech and suptech
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2026-05-11•Italy•Bank of Italy
The Bank of Italy published a research paper on the euro-area repo market using Securities Financing Transactions Regulation data to map market structure and participant roles, finding outstanding volumes are almost evenly split between centrally cleared and bilateral segments. The centrally cleared segment is mainly an interbank, overnight market, while the bilateral segment involves a broader mix of banks and non-bank financial institutions and longer tenors, with primary dealers accounting for around half of bilateral and close to 80% of centrally cleared volumes. A network snapshot of the bilateral market identifies a stable core-periphery structure with 22 core nodes out of 855 participants, underscoring the persistent intermediation role of primary dealers.
ResearchMarket infrastructure
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2026-05-11•Sweden•Finansinspektionen
Sweden’s Financial Supervisory Authority has invited public and private actors in the financial services preparedness sector to participate in FTPOS Sector Exercise 2026, a tabletop and functional exercise aimed at strengthening sector-wide coordination and crisis management through realistic scenarios. The exercise targets authorities, banks, insurance companies, securities firms, central infrastructure organisations and cash-handling actors, and is structured around situational awareness and reporting, sector focus areas, and communication and common messaging.
Policy & regulationImplementation, projects & pilotsOperational risk and resilience
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2026-05-11•France•France Autorite des marches financiers
The French Financial Markets Authority has appointed Christophe Bonnet as director of data and supervision, placing him in charge of the unit responsible for market surveillance and the authority’s broader use of data science, succeeding Alexandra Givry. The directorate is central to the AMF’s market monitoring framework and uses tools such as the ICY surveillance platform, based on big data and artificial intelligence, to detect market anomalies and potential abuse and support the rollout of data and AI across the authority.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Laos•Bank of the Lao
The Bank of the Lao reported that its governor met Australia’s ambassador to discuss bilateral cooperation in the banking sector, focusing on technical assistance from the Australian Treasury and the Reserve Bank of Australia under the Southeast Asia Government-to-Government Partnerships framework. Australia signalled willingness to support implementation of Laos’s 2026–2030 financial institutions and monetary system development plan, including cooperation in priority financial and banking sector areas.
Policy & regulationCooperationOther
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2026-05-11•Laos•Bank of the Lao
The Bank of the Lao announced an internal leadership reshuffle affecting the Information Technology Department, the Deposit Protection Office and the Non-Bank Financial Institution Supervision Department, as part of an organizational adjustment to align posts with current banking sector needs. Two department heads retired with pension benefits, while the bank appointed acting heads and transferred a deputy branch head to strengthen leadership, management and operational agility.
Institutional developmentLeadership change & appointmentsOther
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2026-05-11•Europe•Single Resolution Board
The Single Resolution Board has launched a public consultation on consolidated draft operational guidance for banks on liquidity and funding in resolution, updating expectations based on resolution planning experience and lessons from the 2023 banking turmoil. Targeted amendments cover the scope and standardised identification of Key Liquidity Entities, methodological assumptions for estimating liquidity needs, governance expectations for monitoring and reporting, and collateral-related expectations, consolidating prior guidance for banks under its direct remit where resolution is the preferred strategy.
Policy & regulationGuidance & interpretationLiquidity riskRecovery and resolution
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2026-05-11•Europe•European Central Bank
The European Central Bank has published staff research on how higher energy prices and war-related uncertainty in the Middle East could affect the euro area household saving rate, real GDP growth and inflation. Model scenarios show that an adverse terms-of-trade shock lowers the saving rate and growth but raises Harmonised Index of Consumer Prices inflation, while a rise in consumer uncertainty increases the saving rate and further reduces growth with negligible inflation effects. The analysis also finds contrasting distributional impacts, with lower-income households bearing most of the consumption decline under a terms-of-trade shock and higher-income households driving the adjustment under an uncertainty shock.
Research
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2026-05-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has fined Renta Nacional Compañía de Seguros Generales S.A. UF 150 for selling insurance between October 2021 and January 2025 through sales agents not enrolled in the Registry of Insurance Sales Agents and through brokers whose listings in the Registry of Insurance Trade Auxiliaries had been cancelled. The CMF Board found breaches of Articles 57 and 58 of the Insurance Law and General Rule No. 471, noting that the insurer failed to verify in the public registry that intermediaries were authorized before selling policies.
EnforcementInvestigations & enforcement actionsSales and distribution
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2026-05-11•Germany•German Bundesbank
The German Bundesbank, in cooperation with vdpResearch, has introduced a new quarterly commercial property price index for Germany based on more than 300,000 transactions since 2013, providing an additional data source for market monitoring. The first release shows commercial property prices up 2.1 percent year on year in the first quarter of 2026, continuing the upswing that began in mid-2024, with multifamily buildings recording the strongest long-term price growth and retail prices back near their initial level.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-11•Estonia•Central Bank of Estonia
The Central Bank of Estonia has published the timetable for balance of payments data releases, including first quarter figures on 8 June and second quarter 2026 foreign travel statistics on 12 August 2026. The travel statistics, which cover exports and imports of travel services, will be released as part of the central bank’s statistical data and separately from economic policy releases.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Pakistan•State Bank of Pakistan
The State Bank of Pakistan reported workers’ remittances of USD 3.5 billion in April 2026, up 11.4 percent year on year but down 7.6 percent month on month. Cumulative workers’ remittances for July to April of FY26 reached USD 33.9 billion, an 8.5 percent increase from USD 31.2 billion a year earlier, with April inflows mainly from Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Indonesia•Bank Indonesia
Bank of Indonesia and Bank Negara Malaysia have signed a new memorandum of understanding to strengthen bilateral cooperation across central banking functions. The framework covers monetary policy, financial stability and macroprudential policy, payment systems and digitalisation, financial sector development, capacity-building and information sharing, and other agreed areas.
Policy & regulationCooperationDomestic cooperationMacroprudential policy and tools
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2026-05-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has disqualified Sydney director Katsuyoshi “Ken” Sadamatsu from managing corporations for five years, until 27 April 2031, for misconduct involving five failed accommodation and food services companies in New South Wales. ASIC found failures to meet statutory obligations to the Australian Taxation Office, inadequate books and records, asset sales below market value and to related entities to the detriment of the companies, and failure to prevent insolvent trading, with unsecured creditors owed AUD 4,375,875.63. Sadamatsu may seek review of the decision by the Administrative Review Tribunal.
EnforcementSanctions & designationsCorporate governance
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2026-05-11•Moldova•National Bank of Moldova
The National Bank of Moldova, in collaboration with the International Finance Corporation, held an online training session on green and sustainability linked loans to strengthen institutional capacity in line with Moldova’s Sustainable Finance Roadmap. The session covered global and European market developments, relevant EU and international regulatory frameworks, differences between green and sustainability linked loans, and Moldova’s potential to develop a domestic market for such lending.
Institutional developmentCooperation & capacity buildingClimate risk and sustainable financeFinancial inclusion
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2026-05-11•Madagascar•Central Bank of Madagascar
The Central Bank of Madagascar has released its bulletin on economic conditions for the fourth quarter of 2025.
Data & statisticsEconomic data and developments
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2026-05-11•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has asked the public prosecutor to file a civil lawsuit against Paranya Rudjanapronpajee for alleged manipulation of Thiensurat Public Company Limited (now TSR Living Solution Public Company Limited) shares, after she refused to comply with sanctions imposed by the Civil Sanction Committee. The SEC is seeking THB 43,018,879.32 plus interest and maximum statutory penalties, including trading and director/executive bans, and has referred the case to the Anti-Money Laundering Office as unfair securities trading is a predicate offense under the Anti-Money Laundering Act.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-11•Europe•European Central Bank
European Central Bank Vice-President Luis de Guindos urged caution ahead of the June rate decision, stressing the need to await new staff projections, incoming data and more clarity on the Iran conflict, while saying the current energy shock poses lower inflation risk than in 2021-22. He warned that limited euro area fiscal space amid rising defence spending and possible energy support could lift yields and sovereign spreads, though the Transmission Protection Instrument has not been considered. De Guindos reiterated support for cross-border banking consolidation, urged restructuring of Germany’s fragmented banking sector and said political resistance to deals such as UniCredit–Commerzbank undermines the savings and investments union.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-11•Caribbean•Caribbean Financial Action Task Force (CFATF)
The Caribbean Financial Action Task Force issued Saint Vincent and the Grenadines’ second enhanced follow-up report, saying the country has been re-rated on four FATF Recommendations and is now compliant or largely compliant with 31 of 40. The report text provided shows Recommendation 15 on new technologies remained partially compliant because, despite new rules for virtual asset service providers, a sector-specific risk assessment and risk-based supervision are not yet in place.
Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported net foreign direct investment inflows of USD 590 million in February 2026, bringing cumulative January–February net inflows to USD 1 billion based on its Balance of Payments measure. February inflows were led by the United States and directed mainly to financial and insurance activities, while year-to-date equity capital placements came primarily from Japan, the United States, and Singapore into manufacturing, financial and insurance, and real estate. The central bank reiterated that its FDI statistics follow BPM6 and apply a 10 percent ownership threshold, distinguishing them from the Philippine Statistics Authority’s commitment-based approved foreign investment data.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Honduras•Central Bank of Honduras
The Central Bank of Honduras reported that net international reserves increased by USD1,129.7 million between 27 January and 8 May 2026, raising import coverage from 6.0 to 6.6 months under the 2026-2027 Monetary Program. Reserves rose from USD10,305.8 million to USD11,435.5 million over the period, although they declined by USD51.3 million in the latest week, with import coverage remaining at 6.6 months.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has fined Renta Nacional Compañía de Seguros Generales S.A. UF 150 for selling insurance between October 2021 and January 2025 through unregistered sales agents and brokers whose registrations had been cancelled. The authority found breaches of Articles 57 and 58 of Decree with Force of Law No. 251, the Insurance Law, and General Rule No. 471, which require insurers to verify in the public registry that intermediaries are duly authorized to market insurance.
EnforcementInvestigations & enforcement actionsSales and distribution
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2026-05-11•Egypt•Central Bank of Egypt
The Central Bank of Egypt has signed a memorandum of understanding with the COMESA Competition and Consumer Commission to strengthen regional cooperation on competition protection across the Common Market for Eastern and Southern Africa, focusing on the banking sector and other central bank regulated activities. The arrangement aims to coordinate competition policies, enhance enforcement of competition rules, support review of cross-border mergers and acquisitions, and provide expertise sharing and capacity building across banks, exchange businesses, money transfer, credit inquiry and rating, credit guarantee, payment system operators, payment service providers, and financial technology.
Policy & regulationCooperationCross-border cooperation
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2026-05-11•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama reported that Superintendent Milton Ayón Wong participated in the first LatAm Economic Forum organized by the Bank of Spain, focused on capital flows, exchange rates, geopolitics and broader economic and financial challenges facing Latin America. As part of the same agenda, he also attended meetings of the Latin American Center for Monetary Studies on cross-border payments and monetary cooperation and held bilateral meetings with representatives of Spanish banks.
SupervisionCooperationCross-border cooperation
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2026-05-11•Global•World Bank
The World Bank’s Pacific Economic Update projects regional growth slowing to 2.8 percent in 2026 as higher fuel and shipping costs, supply chain disruptions, and global volatility weigh on fuel‑dependent Pacific economies. It urges shifting from repeated crisis response to a jobs‑first strategy that strengthens water, energy, transport, digital connectivity, skills, business conditions, market access, and access to finance and private investment. The report highlights reliable water systems as critical for employment, identifies tourism, agribusiness and fisheries, health and care services, resilient infrastructure, and digital services as key job‑creating sectors, and calls for stronger public financial management and targeted, temporary support for vulnerable households instead of broad subsidies.
ResearchEconomic data and developments
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2026-05-10•Egypt•Central Bank of Egypt
The Central Bank of Egypt has signed a cooperation protocol with the Internal Trade Development Authority to give banks aggregated electronic access to commercial registry data, including unified commercial registry numbers. The initiative supports completion of the Central Bank’s national database for corporate financial inclusion and aims to improve company profiling, risk analysis, credit decisions and tailored products, particularly for micro and small enterprises, women-owned firms, and businesses formalising from the informal economy.
Policy & regulationCooperationFinancial inclusion
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2026-05-10•Peru•Central Bank of Peru
The Central Bank of Peru published April results of its Macroeconomic Expectations Survey, reporting improved indicators of companies’ current conditions alongside a decline in business expectations that largely remained in optimistic territory. Overall, 15 of 18 indicators were above the 50-point neutral threshold, with the three-month economy indicator the only expectations measure below this level, while current-condition indicators such as business situation and production strengthened and demand stayed below neutral.
Data & statisticsEconomic data and developments
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2026-05-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority met with the consumer finance federation’s anti-fraud committee and 48 companies to review anti-fraud and cash-out measures, highlighting progress on a unified central database of entities and individuals created under Board Decision No. 222 of 2025. Enhancements include a separate watch list, expanded reporting and editing capabilities, broader coverage of harmful actors, and plans for real-time case reporting via APIs and phased expansion to microfinance and other financial federations.
Policy & regulationImplementation, projects & pilotsFraud and scamsAML and CFT
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2026-05-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has issued new rules for licensed takaful insurance companies under the Unified Insurance Law, replacing the 2019 framework and introducing an integrated wakala–mudaraba model alongside standalone models. The regime sets requirements for policy documentation, surplus and deficit treatment, reserves, Sharia-compliant investment, governance and disclosure, including an independent Sharia supervisory committee, a Sharia auditor, separation of shareholder and participant accounts, and rules on reinsurance placement with takaful or, subject to approval, conventional reinsurers.
Policy & regulationRules & requirementsCorporate governance
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2026-05-10•Oman•Oman Financial Services Authority
The Oman Financial Services Authority met active individual investors in the Muscat Stock Exchange to gather feedback on trading and the regulatory environment. It said the input will be considered in future capital market policies and procedures as part of a more interactive supervisory approach.
SupervisionSupervision approach, priorities & toolkitMarket development
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2026-05-10•Europe•European Central Bank
The European Central Bank and the Reserve Bank of India have signed an updated Memorandum of Understanding on cooperation in central banking, replacing their 2015 agreement. The MoU establishes a framework for regular information exchange, policy dialogue and technical cooperation, including joint seminars and workshops in areas of mutual interest.
Policy & regulationCooperationCross-border cooperation
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2026-05-10•Iraq•Central Bank of Iraq
The Central Bank of Iraq announced two seven-day dinar auctions for execution on 12 May 2026: Islamic certificate of deposit auction ICD816 for Islamic banks and central bank bill auction W508 for conventional banks at 5.25%. Participation in both is limited to banks with at least IQD 50 billion in qualifying IQD deposits as of 23 April 2026, with bid sizes between IQD 50 billion and IQD 500 billion, based on data submitted via BSRS.
Monetary policyMonetary policy instruments & operationsMonetary policy operations
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2026-05-10•Iraq•Central Bank of Iraq
The Central Bank of Iraq announced a seven-day auction of Islamic certificates of deposit (ICD816) for execution on 12 May 2026, open to Islamic banks via the Central Securities Depository system. Participation is restricted to Islamic banks with Iraqi dinar deposits above IQD 50 billion, with subscription sizes between IQD 50 billion and IQD 500 billion, based on private sector deposit data as of 23 April 2026 submitted through the BSRS system.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-10•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank has licensed Madark Solutions for Financing to provide buy now pay later services, bringing the total number of licensed finance companies to 74. The authority reiterated that customers should only deal with authorized financial institutions listed on its website.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-10•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority has licensed Tatbiq Darahem Company for Technology Almaliya to provide account information services, a payment service linked to open banking, bringing the total number of licensed payment service companies in Saudi Arabia to 32. The licence follows the company’s completion of the regulatory sandbox phase under the authority’s supervision, and the authority reiterated that customers should deal only with authorized financial institutions.
SupervisionAuthorisations & approvalsLicence approvalRegulatory sandbox
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2026-05-10•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank held a meeting in Riyadh with chief executives of open banking companies to review developments in the open banking ecosystem and set operational and regulatory priorities as firms move from the Regulatory Sandbox to licensing. Discussions focused on strengthening compliance with upcoming requirements, enhancing coordination during the transition, and maintaining a regulatory framework that balances financial innovation with beneficiary protection.
SupervisionCooperationOpen banking and finance
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2026-05-10•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority has issued new instructions establishing a regulatory framework for sharia compliant financial leasing, including licensing requirements, governance standards and clarified roles and responsibilities. The rules prohibit firms from combining conventional and sharia compliant financial leasing, mandate appointment of an independent Sharia adviser, and strengthen transparency and disclosure obligations, with compliance assessed against sharia requirements and relevant standards.
Policy & regulationRules & requirementsOther
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2026-05-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved First Avenue for Real Estate Development Company’s capital increase from SAR 205 million to SAR 300 million through issuing 95 million bonus shares, raising outstanding shares from 205 million to 300 million. Eligible shareholders will receive nine bonus shares for every 20 existing shares, funded by transferring SAR 95 million from the share premium account to capital, subject to an extraordinary general assembly and regulatory compliance.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Edarat Communication and Information Technology Company’s capital increase from SAR 50.4 million to SAR 75.6 million via a bonus issue of one new share for every two existing shares, funded by transferring SAR 25.2 million from retained earnings. Outstanding shares will rise from 5.04 million to 7.56 million, with bonus shares allocated to shareholders registered at the Securities Depository Center on the second trading day after a due date set by the board, subject to an extraordinary general assembly and regulatory compliance.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-10•Syria•Central Bank of Syria
The Central Bank of Syria announced the start of Oliver Wyman’s work to assess gaps in the central bank and the Syrian financial sector. Governor Abdulkader Husrieh met with banks and licensed exchange companies to discuss cooperation with the consultancy on a comprehensive assessment and the identification of technical and regulatory development needs in line with international standards.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-10•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority reported that a delegation led by Director General Buraq Nabulsi visited Jordan to review the Jordanian insurance market’s experience, focusing on the electronic traffic accident reporting system E-Kroka. The delegation held working sessions with the Central Bank of Jordan, the Jordanian insurance federation and the Public Security Directorate on electronic issuance, data exchange with official bodies and the implementation and outcomes of E-Kroka, including faster, more accurate compensation and enhanced data for underwriting, claims and market analysis.
Policy & regulationCooperationOther
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2026-05-10•Israel•Bank of Israel
The Bank of Israel’s Banking Supervision Department published a retrospective update on crisis-era customer assistance programs, noting that payments on more than one million loans were deferred and that over 90 percent of borrowers subsequently resumed orderly repayment. The measures, developed and adjusted during the COVID-19 pandemic and recent conflicts, included loan deferrals and regulatory leniencies that enabled banks to hold less equity and continue expanding credit to households and businesses.
Policy & regulationImplementation, projects & pilotsLendingSupervision process and methodologies
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2026-05-09•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela reported on the participation of its acting president, Luis A. Pérez G., in the first LatAm Economic Forum, which gathers central bank governors, financial supervisors, academics and monetary policy researchers to discuss capital flows, exchange rates and geopolitics. Hosted by the Bank of Spain from 7 to 9 May, the event features an opening intervention by European Central Bank President Christine Lagarde and four closed-door panels. The Central Bank of Venezuela stated that its delegation’s participation forms part of the normalization of Venezuela’s relationship with multilateral financial institutions.
Policy & regulationCooperationCross-border cooperationMonetary policy decisions and developments
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2026-05-09•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority announced that the eMPF Platform has completed onboarding of all 24 Mandatory Provident Fund schemes offered by 12 trustees and is now fully operational as a one-stop digital system for more than 10 million accounts. The authority highlighted that the platform is intended to streamline procedures, reduce time and fees, enhance transparency and improve efficiency, and encouraged employers and scheme members to register and use the system.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-09•Vietnam•State Bank of Vietnam
The State Bank of Vietnam signed a memorandum of cooperation with the Reserve Bank of India on financial innovation and digital payments, establishing a framework for cooperation on financial and banking sector modernization, information sharing, management experience and innovation initiatives. The first project will support research and implementation of a cross-border retail QR code payment link between Vietnam and India to facilitate tourism, strengthen people-to-people exchanges and support the use of local currencies in bilateral retail transactions.
Policy & regulationCooperationCross-border cooperation
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2026-05-09•Europe•European Central Bank - Banking Supervision
European Central Bank Banking Supervision’s Sharon Donnery said in a keynote that completing the EU Single Market and reducing gender-based barriers should form a unified productivity agenda, arguing that a more integrated market would improve supervision and capital allocation. Citing IMF estimates that remaining Single Market barriers equal tariffs of about 44% for goods and 110% for services, she said convergence towards US internal market levels could raise long-run European productivity by nearly 7 percentage points and called for deeper capital markets via a savings and investments union. Donnery also highlighted persistent gender gaps in financial literacy, employment, pay and pensions, noting that euro area central banks are building a financial literacy network and implementing targeted initiatives for women.
Policy & regulationReform agendas & prioritiesOther
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2026-05-09•China•China Securities Regulatory Commission
The China Securities Regulatory Commission, with other agencies and State Council approval, issued a two-year plan to crack down on illegal cross-border securities, futures and fund business and to phase out domestic investor accounts while protecting investor property. It targets offshore institutions operating in China without approval, their domestic affiliates and related online marketing channels, and restricts existing investors to one-way sales and withdrawals before these institutions must fully shut China-facing services. The CSRC will lead implementation and maintain a list of illegal offshore operators.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2026-05-09•Moldova•National Bank of Moldova
The National Bank of Moldova has published Europe Day videos in which staff describe participation in the European Commission’s National Experts in Professional Training programme, highlighting exposure to EU policy development in banking legislation, financial market risk monitoring and anti-money laundering and counter-terrorist financing. The bank reports that this has strengthened analytical and risk capabilities, informed proposals on data harmonisation, artificial intelligence adoption and internal mobility, and expanded professional networks across the EU.
Institutional developmentCooperation & capacity buildingCapacity building
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2026-05-09•Moldova•National Bank of Moldova
The National Bank of Moldova, in a Europe Day statement, highlighted progress in aligning the country’s financial sector with the European framework, including modernisation of payment infrastructure and safer, more efficient payment services. It noted that Moldovan banks’ access to the Single Euro Payments Area has led to more than 70% of cross-border euro transaction volume being processed through SEPA and a reduction in transfer costs of over 90% to an average of EUR 1.26 per transfer, alongside efforts to enhance financial inclusion.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-08•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia has launched its 31st Training and Examination and Continuing Professional Education program for securities business firms, collective investment scheme firms, derivatives firms, issuers, and other securities service providers. The program targets management and senior staff of licensed, approved, or accredited entities to strengthen professionalism among market participants.
Policy & regulationImplementation, projects & pilotsCapacity building
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2026-05-08•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia held a seminar on the offering of real estate investment trusts under collective investment schemes at the Non-Bank Financial Services Authority building. The event was chaired by Director General Sou Socheat and brought together representatives from the Financial Services Authority, Cambodian Securities Exchange and a broad range of securities market stakeholders.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-05-08•Japan•Japan Financial Services Agency
Japan’s Financial Services Agency has published for consultation a draft partial revision to its Comprehensive Supervision Guidelines for Financial Instruments Traders to strengthen liquidity risk management by investment managers of public investment trusts. The proposals align domestic supervision with the International Organization of Securities Commissions’ recommendations on liquidity risk management for collective investment schemes and complement related changes consulted on by the Asset Management Association of Japan.
Policy & regulationGuidance & interpretationLiquidity risk
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2026-05-08•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated 10 individuals and entities across the Middle East, Asia and Eastern Europe for supporting Iran’s procurement of weapons and raw materials for Shahed-series unmanned aerial vehicles and its ballistic missile program, including suppliers of aerospace-grade materials to the Islamic Revolutionary Guard Corps’ Aerospace Force Self Sufficiency Jihad Organization. The U.S. Department of State also designated four entities linked to Iran’s conventional arms activities. The designations under Executive Order 13382 block U.S.-held property, bar U.S. persons from dealings, extend blocking to majority-owned affiliates, and expose foreign financial institutions to secondary sanctions for significant transactions.
EnforcementSanctions & designationsNew sanctions designations
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2026-05-08•Poland•Ministry of Finance (Poland)
Poland’s Ministry of Finance announced that the Council of Ministers has adopted a draft law to implement the EU’s Markets in Crypto-Assets Regulation, designating the Polish Financial Supervision Authority as supervisor with broad powers over crypto-asset issuance, trading and services. The proposal is largely unchanged from earlier drafts but introduces tougher sanctions, including up to 8 years’ imprisonment, fines of up to PLN 25 million, extended suspension powers, and enhanced client and investor protections such as stricter disclosure, marketing and redemption requirements.
Policy & regulationRules & requirements
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2026-05-08•Turks & Caicos Islands•Turks & Caicos Financial Services Commission
The Turks and Caicos Islands Financial Services Commission has launched a public consultation on a proposed Virtual Assets Business Bill, 2026, establishing a licensing, supervisory, prudential and enforcement framework for virtual asset service providers, stablecoin issuers and related activities. The draft regime addresses authorization, AML/CFT/CPF obligations, prudential rules for stablecoins, ICT and cyber resilience, sanctions, enforcement and a regulatory sandbox, aligns with FATF, IOSCO and FSB guidance, and excludes closed-loop tokens and certain non-VASP technology and infrastructure providers.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-08•Trinidad & Tobago•Trinidad & Tobago Securities & Exchange Commission
The Trinidad and Tobago Securities and Exchange Commission hosted its inaugural Industry Dialogue Series on virtual assets and Virtual Asset Service Providers and formally recognised eight registered providers operating within Trinidad and Tobago’s regulatory framework. The hybrid session, held after new virtual asset legislation took effect, brought together regulators, law enforcement, financial sector representatives and industry stakeholders to discuss the evolving market, risk landscape, regulatory framework, suspicious activity reporting and emerging crypto-sector challenges.
Policy & regulationImplementation, projects & pilots
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2026-05-08•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency has issued a report, consistent with section 4 of Executive Order 14294 Fighting Overcriminalization in Federal Statutes, identifying criminal regulatory offenses enforceable by the Office of the Comptroller of the Currency or the Department of Justice. The report catalogues the relevant criminal regulatory offenses within the agencies’ remit.
Policy & regulationGuidance & interpretationOther
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2026-05-08•Zimbabwe•Securities & Exchange Commission of Zimbabwe
The Securities & Exchange Commission of Zimbabwe has posted a financial sector framework for contingency planning and systemic crisis management. It creates a cross-agency structure for crisis oversight and resolution, requires recovery and resolution planning for specified and systemically important firms, and sets quantitative triggers and tools for managing failing institutions. The framework took effect on 1 November 2025 and will be reviewed every two years.
Policy & regulationRules & requirementsRecovery and resolution
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2026-05-08•United Kingdom•Open Banking Limited
Open Banking Limited has launched the next phase of UK open banking by facilitating an industry-led design process for a Future Entity expected to become the primary standard-setting body, acting as a neutral facilitator while decision-making remains with industry participants. The programme aims to deliver a majority-supported blueprint aligned with the Financial Conduct Authority’s direction, and OBL is inviting firms, particularly smaller third-party providers and account servicing payment service providers, to join the Future Entity Design Working Group, with funding contributions starting at GBP 750 and GBP 1,500.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2026-05-08•United States•U.S. Securities & Exchange Commission
U.S. Securities & Exchange Commission Commissioner Hester Peirce, speaking in a personal capacity, urged regulators to understand rapid changes in market structure and investor behaviour before intervening, cautioning against broad prescriptive rulemaking in response to expanded retail participation, prediction markets, options activity, active exchange-traded funds, crypto-linked products and technology-driven trading. She highlighted growth and complexity in options markets, called for greater engagement with market participants and academics, underscored the SEC’s statutory limits on enforcement and product approvals, and noted that the Office of Information and Regulatory Affairs dashboard indicates the SEC plans to rescind its climate disclosure rules.
Policy & regulationOtherFintech and insurtechMarket development
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2026-05-08•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission Chairman, speaking in a personal capacity, said the agency has recalibrated enforcement to focus on cases that deliver meaningful investor protection and strengthen market integrity, rather than signaling regulatory displeasure or expanding its reach. He emphasized rigorous economic analysis in determining securities law violations, calibrating corporate penalties, addressing issues such as preferential allocation and cherry-picking, ensuring fair distribution of recovered funds, and signaled an expanded role for the Division of Economic and Risk Analysis under new Enforcement Director David Woodcock.
EnforcementEnforcement frameworkOther