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  • 2026-05-08CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission marks 30 years and sets next decade priorities on digital age investor protection and market integrity

    The Cyprus Securities and Exchange Commission used its 30th anniversary conference to review its evolution into a 200-strong authority with expanded supervision of digital finance, financial technology and crypto-assets, and to outline future priorities around investor protection in the digital age, digitalised products, innovation and market integrity. Contributions from the European Securities and Markets Authority, the International Organization of Securities Commissions and other European regulators highlighted cross-border coordination and artificial intelligence-related risks and opportunities, including cyber resilience, model opacity, market concentration and the use of AI tools for detecting market abuse and illegal offerings.

    SupervisionSupervision approach, priorities & toolkitOther
  • 2026-05-08CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns investors that Nexymus is not registered to deal or advise in securities or derivatives

    The New Brunswick Financial and Consumer Services Commission issued an investor warning that Nexymus, which claims to be located in the United Kingdom and operates via Nexymus.com, is not registered to deal or advise in securities or derivatives in New Brunswick. The Commission urged investors to avoid unregistered firms due to the lack of investor protections and referenced alerts from other Canadian securities regulators and the National Registration Search tool for verifying registration status.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-05-08RomaniaMinistry of Finance (Romania)

    Romania's Ministry of Finance drafts TechUp Romania scheme with up to RON 5.3 billion for advanced R&D and production investments

    The Ministry of Finance (Romania) has drafted a decision to establish the TechUp Romania financing scheme, a 2026–2032 programme to support frontier technology projects from research and development through to production, with an annual budget of about RON 759 million and a total allocation of up to RON 5.3 billion. The scheme would provide grants and a 200 percent tax deduction for research and development, as well as grants for initial production investments, targeting digital technologies, life sciences, energy, mobility and space, and Industry 4.0. Designed under EU state aid rules that do not require European Commission notification, the programme is part of Romania’s economic recovery package.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
  • 2026-05-08VietnamState Bank of Vietnam

    State Bank of Vietnam holds growth roundtable as officials outline proactive monetary policy and report credit above VND 19.4 quadrillion

    The State Bank of Vietnam held a roundtable on the banking sector’s role in supporting economic growth, outlining plans to run monetary policy in 2026 proactively and flexibly in coordination with fiscal and other macroeconomic policies. Officials reported total outstanding credit of more than VND 19.4 quadrillion as of 28 April 2026, up 4.42 percent from end-2025 and 18.26 percent year on year, including VND 437.7 trillion in policy credit supporting over 6.7 million poor households and other beneficiaries. The discussion is intended to refine policy mechanisms to improve capital transmission and access to finance, with credit directed toward production and other high-growth sectors.

    Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
  • 2026-05-08NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway warns of fraudsters misusing its name and staff in purported intra group loan transactions

    The Financial Supervisory Authority of Norway has warned of fraud cases where its name, employees and logo are misused in connection with supposed loan transactions between Norwegian companies and foreign subsidiaries. It reiterated that it does not participate in, approve or facilitate loan agreements between private or intra-group companies and urged businesses and individuals to treat any such claims as misleading and verify information via official channels.

    SupervisionAlertsFraud and scams
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues retirement fund standards on funding governance and member disclosure effective 30 April 2026

    The Namibia Financial Institutions Supervisory Authority has issued a comprehensive set of retirement fund standards under the Financial Institutions and Markets Act, 2021, effective 30 April 2026. The standards set binding requirements on funding, actuarial valuations, governance, member communications, transfers, dissolutions and registration. They require a minimum 100% funding ratio, annual valuations for defined benefit funds and remediation or rehabilitation plans for underfunded funds.

    Policy & regulationRules & requirementsPrudential risksCorporate governance
  • 2026-05-08BurundiBank of the Republic of Burundi

    Bank of the Republic of Burundi launches BurundiPay and promotes PAPSS integration for cross-border local-currency payments

    The Bank of the Republic of Burundi has launched BurundiPay, a national instant payment system providing domestic interoperability across banks, microfinance institutions and mobile wallets, and held a workshop on the Pan-African Payment and Settlement System (PAPSS) as the next stage of payment modernisation. PAPSS, launched by Afreximbank and the African Union, enables real-time cross-border African payments in local currencies, and Burundi’s planned integration is framed as a way to facilitate instant transactions with institutions in 19 connected countries and ease pressure on the central bank’s foreign exchange reserves.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues comprehensive medical aid fund standards with immediate effect

    The Namibia Financial Institutions Supervisory Authority has issued a full set of medical aid fund standards under the Financial Institutions and Markets Act, 2021, covering governance, solvency, member disclosures, waiting periods, reporting, dissolution and licensing processes for funds and brokers. The standards took effect on publication in the Gazette, and medical aid funds have 12 months to align their rules with the new rule requirements. Key measures include a three-month cap on general waiting periods, a 12-month cap on condition-specific waiting periods, stricter valuator and annual reporting requirements, and board accountability even where functions are outsourced.

    Policy & regulationRules & requirementsCorporate governance
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues collective investment scheme standards covering disclosures governance portfolio rules and market entry requirements

    The Namibia Financial Institutions Supervisory Authority has issued a comprehensive set of collective investment scheme standards under the Financial Institutions and Markets Act, 2021, effective on publication in the Gazette. The package introduces new disclosure, governance, valuation, merger and transfer, and portfolio composition rules, including five-year and seven-year minimum investment periods for participation bond and unlisted securities schemes and a N$5,000,000 capital floor for trustees and custodians. It also formalises registration and approval requirements for key scheme participants and sets due diligence rules for foreign securities investments.

    Policy & regulationRules & requirements
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues comprehensive standards for friendly societies covering governance reporting and solvency

    The Namibia Financial Institutions Supervisory Authority has issued a full rulebook for friendly societies under the Financial Institutions and Markets Act, 2021, covering governance, financial reporting, actuarial soundness, registration and dissolution. The standards require annual asset, liability and annual report filings, impose governance and risk controls, and set operational thresholds including a seven-member minimum and a 75% loan-to-value cap on member mortgage loans. Existing societies referred to in section 292 must update their rules within 12 months.

    Policy & regulationRules & requirementsAccounting and financial reporting
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority publishes financial markets standards setting rules for exchanges self-regulatory bodies investment managers and market disclosures

    The Namibia Financial Institutions Supervisory Authority has issued a comprehensive package of financial markets standards under the Financial Institutions and Markets Act, 2021, with immediate effect on gazette publication. The rules cover exchange listings, self-regulatory organisation reporting, off-exchange control-changing transactions, issuer and offer disclosures, governance, and licensing processes. Key measures include a two-day reporting deadline for certain off-exchange control transactions, a 5% affected-transaction threshold, and new capital, insurance, liquidity and conduct requirements for investment managers.

    Policy & regulationRules & requirementsMarket infrastructureSecurities offerings and listings
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues cross sector governance conduct and operational standards under the Financial Institutions and Markets Act

    The Namibia Financial Institutions Supervisory Authority has issued a comprehensive set of general standards under the Financial Institutions and Markets Act, 2021, covering governance, fit and proper tests, independence, outsourcing, investment, customer treatment and supervisory filings. Key requirements include 30 day notifications for changes to auditors, valuators and principal officers, prior approval for offshoring of material functions, and payment of certain fund contributions within seven days of falling due. The standards took effect on publication, with a 12 month transition for existing outsourcing arrangements.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues standards for registration and cancellation processes for fund and society administrators

    The Namibia Financial Institutions Supervisory Authority has issued standards governing how fund and society administrators apply for registration, how registration certificates are issued, and how registrations can be cancelled or varied. The measures require detailed governance, ownership, fit and proper, insurance and operational information, with submissions mainly made through NAMFISA's electronic system. Registered administrators seeking to exit or change licence conditions must follow a formal notice and application process and show how liabilities and client obligations will be handled.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority publishes gazette notices bringing 2021 financial sector laws into force on 1 May 2026 and setting implementing regulations

    The Namibia Financial Institutions Supervisory Authority has published notices confirming that the Financial Institutions and Markets Act, 2021 and the Namibia Financial Institutions Supervisory Authority Act, 2021 took effect on 1 May 2026, subject to limited exceptions. Accompanying regulations implement detailed rules for micro-insurance, health policies, money market instruments, retirement funds, investment limits for friendly societies and medical aid funds, and late-fee interest for intermediaries.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority announces new supervisory and markets laws took effect on 1 May 2026

    The Namibia Financial Institutions Supervisory Authority said its 2021 enabling act and the Financial Institutions and Markets Act, along with related regulations and standards, took effect on 1 May 2026. Transitional provisions keep existing subordinate measures in force unless they conflict with the new laws, while implementation will follow a risk-based and proportionate supervisory approach. A planned regulation on preservation of pension benefits has been delayed, so existing lump sum commutation rules remain unchanged.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-05-08NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority identifies insurance pension and market rules to be grandfathered under the FIM Act

    The Namibia Financial Institutions Supervisory Authority has identified the legacy subordinate legislation, market rules and other measures that will continue to apply under the Financial Institutions and Markets Act until replaced. The grandfathered measures cover insurance, medical aid funds, retirement funds, Namibia Stock Exchange rules, unit trust scheme deeds, declarations of undesirable practices, and all directives and circulars issued to date. Financial institutions must also amend or replace their own rules within six months from the Act's effective date if needed to comply.

    Policy & regulationGuidance & interpretationRegulatory reporting
  • 2026-05-08IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India sets 30 day lag for educational sharing and use of market price data and grants National Institute of Securities Markets one day access

    The Securities and Exchange Board of India has revised norms on educational use of market price data, introducing a uniform 30-day lag for sharing and use in investor education, except allowing the National Institute of Securities Markets one-day-lag access for its simulation lab. The provisions apply to market infrastructure institutions and registered intermediaries, prohibit monetary incentives, require due diligence, legal agreements and audit trails, and bar educators from using data from the preceding 30 days when indicating future prices, advice or recommendations.

    Policy & regulationRules & requirementsMarket infrastructure
  • 2026-05-08Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago welcomes Republic Bank response to public concerns and says its intervention was minimal

    The Central Bank of Trinidad and Tobago issued a media statement welcoming Republic Bank’s response to public concerns, stating that the bank’s chairman and board took appropriate action. It said its own intervention was minimal and aligned with working alongside the banking sector, and commended the chairman for the sensitive and positive handling of the matter.

    SupervisionInterventionsOther
  • 2026-05-08MoldovaMinistry of Finance (Moldova)

    Ministry of Finance of Moldova hosts International Monetary Fund mission for talks on fiscal reform and a new Policy Coordination Instrument program

    The Ministry of Finance of Moldova announced an International Monetary Fund mission to Chișinău from 7 to 20 May 2026 to negotiate a new program under the Policy Coordination Instrument. Discussions will cover tax reform, fiscal discipline, public revenue administration, macroeconomic and monetary policy, financial sector stability, capital market development, and an updated assessment of the macroeconomic outlook and risks. The ministry said the Policy Coordination Instrument enhances dialogue with the IMF and can bolster external partner confidence and financing.

    Policy & regulationCooperationOther
  • 2026-05-08IndiaReserve Bank of India

    Reserve Bank of India revises quarterly profit inclusion in Common Equity Tier 1 capital for commercial banks

    The Reserve Bank of India has amended its capital adequacy directions to allow commercial banks to include current-year profits in Common Equity Tier 1 capital on a quarterly basis, subject to audited or limited review financials and a prescribed formula. Eligible profit up to quarter t is defined as net profit minus 0.25 times the average dividend of the last three financial years times t, while any cumulative net loss must be fully deducted from Common Equity Tier 1 capital.

    Policy & regulationRules & requirementsCapital adequacy
  • 2026-05-08IndiaReserve Bank of India

    Reserve Bank of India revises payments bank capital rules to allow quarterly profit recognition in CET1 subject to review and dividend adjustment

    The Reserve Bank of India has amended payments bank capital adequacy rules to allow inclusion of current-year profits in Common Equity Tier 1 capital for capital to risk weighted assets ratio calculations on a quarterly basis. Quarterly profit recognition is allowed only where financial statements are audited or subject to limited review, with eligible profit defined as net profit up to the relevant quarter minus 0.25 times the average dividend paid over the last three financial years multiplied by the quarter number, and any cumulative net loss fully deducted from CET1 capital.

    Policy & regulationRules & requirementsCapital adequacy
  • 2026-05-08IndiaReserve Bank of India

    Reserve Bank of India revises how small finance banks can include quarterly profits in CET1 capital

    The Reserve Bank of India has amended capital adequacy rules for small finance banks to allow inclusion of current-year profits in Common Equity Tier 1 capital on a quarterly basis, effective immediately. Quarterly profits may be recognised for capital to risk-weighted assets ratio purposes only where financial statements are audited or subject to limited review, with eligible profit defined as net profit up to the quarter minus 0.25 times the average dividend of the last three financial years multiplied by the number of quarters.

    Policy & regulationRules & requirementsCapital adequacy
  • 2026-05-08United StatesCommodity Futures Trading Commission

    Commodity Futures Trading Commission proposes replacing CDOR and TIIE clearing requirements with overnight rate requirements for CAD and MXN interest rate swaps

    The Commodity Futures Trading Commission has proposed amendments to its Part 50 swap clearing requirements to remove mandatory clearing for interest rate swaps linked to the Canadian Dollar Offered Rate and the Interbank Equilibrium Interest Rate, and to introduce clearing requirements for Canadian dollar and Mexican peso swaps referencing overnight, nearly risk-free rates. The proposal specifies new termination date ranges for Canadian dollar overnight index swaps referencing the Canadian Overnight Repo Rate Average and for Mexican peso overnight index swaps referencing the Overnight TIIE Funding Rate, and revises Regulation 50.25(b) to update compliance dates for the new mandatory clearing set.

    Policy & regulationRules & requirementsCCPs
  • 2026-05-08CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada acknowledged for supporting investigation that led to charges in CAD 5.7 million cyber enabled wage subsidy fraud case

    The Financial Transactions and Reports Analysis Centre of Canada supported a Royal Canadian Mounted Police investigation that led to criminal charges against two individuals for a cyber-enabled scheme that fraudulently obtained about CAD 5.7 million from the Canada Emergency Wage Subsidy program. The suspects allegedly used compromised Represent a Client credentials to access Canada Revenue Agency My Business Account profiles of legitimate businesses and submit unauthorized claims, with affected businesses unaware their accounts were misused.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-08ColombiaSuperintendencia Financiera de Colombia

    Financial Superintendence of Colombia convenes interest rate risk event as officials warn high financing costs are restricting investment

    The Financial Superintendence of Colombia held an event on interest rates, risk management and their social function, highlighting that financing costs remain restrictive despite recent declines. Financial Superintendent César Ferrari and Deputy Delegate for Risks Guillermo Sinisterra noted that average lending rates remain in double digits, with commercial, consumer and housing loan rates still elevated and microcredit growing faster than other segments, while emphasising that pass-through from the policy rate to lending rates is not immediate due to funding costs.

    SupervisionRisk monitoring & watch pointsMonetary policy decisions and developments
  • 2026-05-08Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority warns against fraudulent Oliver Ottey stockbroking correspondence using a Douglas address

    The Isle of Man Financial Services Authority warns about letters sent globally in the name of “Oliver Ottey” at 55 Athol Street, Douglas, Isle of Man, soliciting stockbroking investments and personal details, exposing recipients to potential fraud and identity theft. The Authority found no legitimate link between this individual and the address or any genuine Isle of Man business, and confirmed he is not licensed to provide financial services in or from the Isle of Man. Recipients should ignore the correspondence and contact local police.

    SupervisionAlertsFraud and scams
  • 2026-05-08United KingdomBank of England

    Bank of England working paper finds Brexit cut UK banks' EEA lending and deposits with banks losing passporting hit about 45% more

    The Bank of England has published a staff working paper on how post-Brexit regulatory barriers affected UK banks’ cross-border activity with European Economic Area countries. Using confidential bank-level data for 2014 to mid-2024, it finds that banks losing passporting rights cut loans to and deposits from EEA countries by about 45% more than banks not reliant on that authorisation, with little evidence of offsetting activity via foreign affiliates. The authors conclude that regulatory access is central to cross-border banking and trade in services, stressing the views are research in progress and not Bank of England policy.

    Research
  • 2026-05-08United KingdomFinancial Conduct Authority

    Financial Conduct Authority tells lenders to keep preparing the motor finance redress scheme while planning for a complaint led fallback by mid-November 2026

    The Financial Conduct Authority has updated guidance on its motor finance compensation scheme amid legal challenges, confirming firms should continue preparations while it supervises lenders on the basis that any quashed elements would be handled through complaints and supervision. Lenders must stay operationally and financially ready, including via provisions and auditor engagement, keep identifying relevant complaints and agreements, collect data on commission and disclosure, cooperate with the Financial Ombudsman Service, and be ready to resume normal complaint handling from mid-November 2026. Consumers are urged to complain directly to lenders rather than use potentially costly claims management firms.

    Policy & regulationGuidance & interpretationOther
  • 2026-05-08United KingdomFinancial Conduct Authority

    Financial Conduct Authority secures extra 499 days in prison for money launderer over unpaid GBP 529,961 confiscation order

    The Financial Conduct Authority has secured an additional 499-day prison sentence for Richard Faithfull after he failed to fully pay a Confiscation Order linked to his 2021 conviction for laundering GBP 2.5 million from at least seven overseas investment frauds. Faithfull has repaid GBP 349,214.37 of the GBP 529,961 ordered, remains liable for the outstanding balance and accruing interest, and recovered funds will be used to compensate victims.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2026-05-08TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority welcomes launch of Mufti Bima Foundation to help Tanzanians with special needs meet medical costs

    The Tanzania Insurance Regulatory Authority published remarks by Insurance Commissioner Dr Baghayo Saqware welcoming the launch of the Mufti Bima Foundation, a health insurance fund established by BAKWATA to support Tanzanians with special needs. TIRA framed the initiative as aligned with President Samia Suluhu Hassan’s vision and the government’s agenda to ensure universal access to health insurance services.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-05-08South AfricaSouth African Reserve Bank

    South African Reserve Bank outlines AI supervision agenda with joint discussion paper expected in early second half of 2026

    The South African Reserve Bank’s Prudential Authority outlined a three-part AI supervisory agenda for the financial sector focused on improving information, building skills and calibrating regulation. A joint Prudential Authority–Financial Sector Conduct Authority discussion paper on AI regulation is expected in early H2 2026, with regulatory arrangements likely by early 2027. The speech highlighted AI as a growing prudential and conduct issue, citing vulnerabilities such as third-party dependencies, cyber and model risks, and prioritising AI taxonomies, governance, explainability and disclosure. It noted gaps in skills, fairness testing and board oversight. In parallel, the Intergovernmental Fintech Working Group is developing an AI workstream with sandbox testing for complex use cases including algorithmic credit scoring, index insurance and tokenised assets.

    SupervisionSupervision approach, priorities & toolkitArtificial intelligence
  • 2026-05-08BermudaBermuda Monetary Authority

    Bermuda Monetary Authority releases 31 March 2026 insurance return templates and requires Middle East crisis exposure reporting

    The Bermuda Monetary Authority has published Quarterly Financial Return templates for the quarter ended 31 March 2026 and requested in-scope insurers to report exposure to the Iran war and Middle East crisis, including latest loss estimates in the ‘MiddleEastExp’ tab. The request applies to Insurance Groups and Class 4, Class 3B and Class 3A insurers already subject to quarterly financial returns, with preliminary best estimates acceptable where loss figures are still being developed, and filings must be submitted via the BMA Submit Portal.

    SupervisionRegulatory reporting
  • 2026-05-08United StatesThe White House

    The White House highlights April jobs report showing 115,000 jobs added and 12,600 factory construction jobs

    The White House issued a statement highlighting the April US jobs report as evidence of continued labor-market strength, citing 115,000 jobs added in April and strong private-sector hiring, including 12,600 factory construction jobs. It noted average monthly job creation of 76,000 in 2026 versus 10,000 in 2025, the first manufacturing job growth since 2023, robust prime-age labor force participation, and a federal workforce reduced by 345,000 to its smallest level since May 1966 as a share of the total workforce.

    OtherEconomic data and developments
  • 2026-05-08United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission chair signals limited innovation pathway and future rulemaking for onchain markets

    The Chair of the U.S. Securities and Exchange Commission, speaking in a personal capacity, said the Commission may consider a limited innovation pathway for onchain trading systems and use notice-and-comment rulemaking to clarify how securities law applies to onchain market structures. He outlined four policy work areas on applying exchange, broker, dealer and clearing agency definitions to onchain activity and clarifying treatment of crypto vaults, while reiterating firms remain responsible for AI tools they deploy.

    Policy & regulationReform agendas & priorities
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board research links bank dominated institutional prime money market funds to more volatile flows and more conservative portfolios

    The Federal Reserve Board published a FEDS Note analysing newly available SEC Form N-MFP investor-type data for institutional prime money market funds. It finds that share classes dominated by bank investors exhibit more volatile daily flows and a higher likelihood of large outflows, while holding more liquid, lower-risk portfolios, and suggests investor composition may indicate money market fund flow dynamics and potential run risk, although the analysis does not establish causality and is based on a non-stress period sample.

    ResearchLiquidity riskMarket risk and volatility
  • 2026-05-08United StatesFederal Reserve Board

    United States Federal Reserve Board research develops a liquidity buffer metric for corporate bond mutual funds and finds heavy reliance on short term investment vehicles and repos

    The United States Federal Reserve Board published a research note introducing a Short-Term Liquid Assets Ratio for long-term domestic corporate bond mutual funds, using SEC Form N-PORT data and a methodology to infer fund type and liquidity where disclosures are incomplete. The study finds that funds primarily manage redemption risk through short-term investment vehicles and repurchase agreements rather than cash, with liquidity buffers drawn down after stress episodes and subsequently rebuilt. It documents average and median ratios of 4.7% and 3.4% over 2019 Q4 to 2025 Q3 and finds higher buffers associated with stronger current net flows, prior extreme inflows and higher Level 3 asset shares, and lower buffers with prior extreme outflows.

    ResearchLiquidity riskPrudential risks
  • 2026-05-08United StatesFederal Reserve Board

    United States Federal Reserve Board research finds no mortgage renter proxies in credit bureau data materially misclassify households and understate renter distress

    The Federal Reserve Board published research showing that classifying all individuals without a mortgage in credit bureau data as renters generates substantial measurement error and understates renter financial stress. Linked survey and Experian data reveal that many proxy renters are actually homeowners, leading to lower observed delinquency, credit utilization and financial hardship than among self-reported renters, and that alternative proxies based on age, credit scores or recent moves only partially improve identification.

    ResearchCredit risk
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board research finds buy here pay here auto dealers serve riskier borrowers while banks hold more than USD 2 billion of exposure

    The Federal Reserve Board published research on buy here pay here auto dealers, finding they serve materially riskier borrowers than traditional auto finance and manage this risk through higher interest rates, more frequent repayments and greater use of repossessions. Buy here pay here loans account for about 2% of the USD 1.6 trillion auto loan market and 5% of the subprime segment, with balances up 214% since 2018, delinquency and repossession rates far above traditional lenders, and average subprime interest rates of 25.39%. The study also highlights more than USD 2 billion in bank commitments to the sector, historically supported by strong collateral protections, but notes that bank-reported probabilities of default on these exposures rose sharply in 2025.

    ResearchLendingPrudential risks
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board research finds U.S. bank trade finance is concentrated in large banks, has declined over time and poses limited direct systemic risk

    The Federal Reserve Board has published a research note finding that U.S. banks’ trade finance activities remain meaningful but declining and highly concentrated, with the five largest providers accounting for over 75 percent of trade finance loans and over 87 percent of trade finance claims. For the fourth quarter of 2024, trade finance exposures were small relative to balance sheets, and the note concludes that direct financial stability risks from these activities are limited, with broader lending to firms exposed to trade shocks posing a more important risk channel.

    Research
  • 2026-05-08CanadaOffice of the Superintendent of Financial Institutions

    Canada's Office of the Superintendent of Financial Institutions publishes June 4 Industry Day agenda for upcoming quarterly releases

    The Office of the Superintendent of Financial Institutions has published registration details and the agenda for a virtual Industry Day on 4 June 2026, following its Quarterly Release Day on 21 May 2026, to allow stakeholders to engage with OSFI experts on quarterly regulatory releases and risks identified in the Annual Risk Outlook 2026-2027. Sessions will cover a draft revised Guideline B-2 on large exposures for small and medium-sized banks, proposed 2027 updates to the Capital and Liquidity Treatment of Crypto-asset Exposures Guideline, draft amendments to Pillar 3 interest rate risk in the banking book disclosures and Guideline B-12, proposed updates to the Draft 2027 Liquidity Adequacy Requirements Guideline and a new draft Internal Liquidity Adequacy Assessment Process Guideline, as well as revised Guides to Intervention and the approvals framework for targeted new entrants.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2026-05-08IndonesiaOJK

    Indonesia Financial Services Authority intensifies supervision of KoinP2P after management detention and holds shareholders responsible for continuity

    The Indonesia Financial Services Authority has imposed intensive supervision on PT Lunaria Annua Teknologi (KoinP2P) following legal action against its management, including summoning shareholders, on-site inspections, an operational review and a special audit, while requiring continued services and fulfilment of lender obligations. It will monitor remediation, may impose sanctions, and reiterated peer-to-peer lending safeguards under POJK No. 40 of 2024, including caps on borrower charges, stricter e-KYC and credit scoring, enhanced internal controls, mandatory risk disclosures and potential licence revocation.

    SupervisionReviews, inspections & stress testsCrowdfunding
  • 2026-05-08IndonesiaOJK

    Indonesia Financial Services Authority imposes IDR 875 million sanction on Indosaku over third party debt collection oversight failures

    The Indonesia Financial Services Authority sanctioned PT Indosaku Digital Teknologi for deficiencies in managing and supervising third-party debt collection, imposing an IDR 875,000,000 fine, a written warning to the President Director and an order to implement a remediation plan. The plan must strengthen policies, third-party agreements, oversight, quality control, training and complaint handling. The authority reiterated that outsourcing does not diminish providers’ responsibility and signalled possible stronger action for further non-compliance.

    EnforcementSanctions & designationsCompliance
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia highlights need for integrated policy responses and institutional autonomy amid digital and cross-border risks

    Bank of Indonesia Deputy Governor Thomas A.M. Djiwandono said evolving financial architecture and stronger links between institutions, sectors and policy domains require a more integrated policy framework, closer inter-agency coordination, clear legal mandates and autonomy for central banks and financial regulators. At the 4th International Conference and Call for Papers of the Journal of Central Banking Law and Institutions, participants said rapid digital transformation in finance enables innovation but also heightens interconnected risks, underscoring the need for stronger governance, crisis readiness and adaptive supervision to safeguard financial stability.

    Policy & regulationReform agendas & prioritiesMacroprudential policy and toolsMonetary policy decisions and developments
  • 2026-05-08United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation offers disaster-related regulatory relief for Northern Mariana Islands institutions after Typhoon Sinlaku

    The Federal Deposit Insurance Corporation announced supervisory and regulatory relief for FDIC‑supervised institutions affected by Typhoon Sinlaku in the Northern Mariana Islands, including Northern Islands, Rota, Saipan, and Tinian. The FDIC will not criticize prudent loan modifications or other constructive measures to assist borrowers, will consider delays in regulatory filings beyond an institution’s control, may provide flexibility on branch changes and temporary facilities, and will recognize eligible disaster-related activities for Community Reinvestment Act purposes.

    SupervisionSupervision approach, priorities & toolkitOperational risk and resilience
  • 2026-05-08Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago and De La Rue offer two postgraduate scholarships for 2026 2027 worth USD 8500 each

    The Central Bank of Trinidad and Tobago, in partnership with UK-based De La Rue, has opened applications for two postgraduate De La Rue Scholarships for the 2026/2027 academic year, each worth USD 8,500 and tenable for up to two years at the University of the West Indies, St. Augustine. The awards target Trinidad and Tobago nationals pursuing advanced degrees in economics, statistics, mathematics, data science, artificial intelligence and cybersecurity, with selection based on academic merit, community service and financial need. Successful candidates must complete a three-month internship at the Central Bank or another designated public sector institution.

    Institutional developmentCooperation & capacity buildingHiring and recruitment
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission proposes CNY 205.88 million in fines and market bans for Qingyue Technology financial fraud with delisting process to follow

    The China Securities Regulatory Commission has issued a prior administrative penalty notice against Suzhou Qingyue Optoelectronics Technology Co., Ltd. for inflating profits in 2021, 2022 and its 2023 interim report, citing suspected fraudulent issuance and illegal disclosure. Proposed measures include fines totalling CNY 205.88 million on the company and four individuals, securities market bans of four to eight years, potential mandatory delisting by the Shanghai Stock Exchange, and investigations into intermediaries, with any suspected criminal offences to be referred to public security authorities.

    EnforcementInvestigations & enforcement actionsAccounting and financial reportingFraud and scams
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission issues advance penalty notice to Yuandao Communication over 2019 to 2022 revenue overstatement with proposed CNY 238.84 million fine and mandatory delisting risk

    The China Securities Regulatory Commission has issued an advance notice of administrative penalties against Yuandao Communication Co Ltd for overstating revenue between 2019 and 2022, conduct that may constitute fraudulent issuance and unlawful disclosure. It proposes fines of CNY 238.84 million on the company, CNY 18 million on three responsible individuals, five-year securities market bans on relevant personnel, and notes the case may trigger mandatory delisting. The commission has frozen related fundraising accounts, is investigating intermediary institutions, and will refer suspected criminal offences to public security authorities.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-08KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo and Eurostat review progress on statistical alignment with European standards

    The Central Bank of the Republic of Kosovo hosted a Eurostat mission to review progress in aligning Kosovo’s statistical framework with European standards, noting advances in balance of payments, international investment position, foreign direct investment and international trade in services statistics. The central bank outlined efforts to improve data quality, expand coverage, modernise statistical processes and strengthen cooperation with the Kosovo Agency of Statistics, and reiterated its work toward accession to the IMF’s Special Data Dissemination Standard.

    Policy & regulationCooperation
  • 2026-05-08RussiaCentral Bank of Russia

    Central Bank of Russia reports 102,100 first quarter complaints up 8.1 percent as out of remit cases rise and MFO grievances surge

    The Central Bank of Russia received 102,100 financial consumer and investor complaints in Q1 2026, up 8.1% year on year, mainly due to matters outside its competence, while in-scope complaints declined. Complaints against credit institutions and insurers fell, including sharp drops in mortgage, cyberfraud and authorised fraud cases, but complaints against microfinance organisations rose over 47%, largely over refunds for additional services and debt management. The Bank partly attributed this to “debt relief companies” and is considering standardising and regulating their activities with market participants and bona fide legal firms.

    Data & statisticsComplaints and dispute resolution
  • 2026-05-08RussiaCentral Bank of Russia

    Central Bank of Russia analysis shows lower 2025 mortgage delinquencies as lending to older and second mortgage borrowers rises

    The Central Bank of Russia published an analytical commentary using credit history bureau data showing that mortgages issued in 2025 have lower delinquency rates than those in 2024, reflecting tighter creditworthiness assessments and a changing composition of new lending. It notes that many new mortgages are taken by borrowers who will be over 60 at maturity, Family Mortgage loans account for 59% of mortgagors, and the total number of borrowers across banks and microfinance organisations has fallen to 48.5 million, with a notable decline among highly indebted individuals.

    ResearchFinancial and market indicatorsSupervisory data
  • 2026-05-08UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves draft municipal bond rules with base prospectus option and 7 working day review

    The Ukraine National Commission on Securities and Stock Market has approved for consultation a draft regulation updating rules for issuing and circulating municipal bonds, aligning them with the Budget Code and expanding communities’ capital market funding options. The draft introduces two issuance models based on a single prospectus or a base prospectus with multiple issues and clarifies that approvals may be granted by the Verkhovna Rada of the Autonomous Republic of Crimea and oblast, city, settlement and village councils, while shortening the Commission’s bond registration review period to seven working days.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2026-05-08Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury issues six month legal fees general licence under most autonomous sanctions regimes with new DP Group rules

    The Treasury of the Isle of Man has issued General Licence IOM/2026/SAN004 under most autonomous sanctions regimes, permitting law firms and counsel to receive payments for legal services from designated persons without a specific licence, subject to conditions. The licence introduces definitions of “DP Group” and “Foreign Bank Account”, revises permissions and conditions, and imposes aggregate fee and expense caps per firm or counsel across all matters for a DP Group or designated person. Users must report activity under the licence to the Treasury and retain records for at least six years.

    Policy & regulationRules & requirementsSanctions list update
  • 2026-05-08EuropeEuropean Central Bank

    European Central Bank publishes transparency paper on 19 Eurosystem and European System of Central Banks committees and their operating framework

    The European Central Bank has published a paper on the history, role and functioning of the Eurosystem and European System of Central Banks committee framework, explaining how these bodies provide technical advice and coordinate implementation for the ECB’s decision-making bodies and the Supervisory Board. It outlines a structure of 19 non-decision-making bodies with mandates reviewed every three years and work organised via annual programmes, meetings and written procedures, noting that committees held more than 200 meetings and over 1,300 written procedures in 2025 and that from 2026 physical meetings are capped at 2024 levels, contributing to an 80% reduction compared with 2019.

    Institutional developmentMandate & organizational structureOrganizational structure
  • 2026-05-08EuropeEuropean Central Bank

    European Central Bank reports weekly balance sheet down EUR 10.8 billion to EUR 6.19 trillion

    The European Central Bank reported that its total assets and liabilities declined by EUR 10,766 million week-on-week to EUR 6,185,235 million, mainly reflecting lower lending to euro area credit institutions and reduced euro-denominated securities of euro area residents. On the liabilities side, monetary policy-related liabilities to euro area credit institutions and current accounts under the minimum reserve system decreased, while use of the deposit facility increased, alongside higher foreign-currency claims on non-euro area residents and lower euro-denominated liabilities to other euro area residents.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan reports foreign exchange purchase auction results with 14 participants and a weighted average rate of 9.3670 USD TJS

    The National Bank of the Republic of Tajikistan published results of its 8 May 2026 foreign exchange purchase auction, which attracted 14 participants. The weighted average accepted rate was 9.3670 USD/TJS, with accepted bid sizes ranging from USD 80,000 to USD 21,705,000.

    Monetary policyMonetary policy instruments & operationsOther
  • 2026-05-08Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority announces pricing of about HKD27.6 billion in HKSAR Government green and infrastructure bonds

    The Hong Kong Monetary Authority, on behalf of the HKSAR Government, has priced about HKD27.6 billion equivalent of green and infrastructure bonds in HKD, RMB, USD and EUR under the Government Sustainable Bond Programme and Infrastructure Bond Programme, with proceeds to finance or refinance eligible projects under the Government's Green Bond and Infrastructure Bond Frameworks. The multi-currency offering, including a HKD3 billion 30-year tranche and long-dated RMB tranches, attracted orders of about HKD239 billion equivalent, or 8.6 times the amount offered, and is rated AA- (Fitch), Aa3 (Moody's) and AA+ (S&P).

    Policy & regulationImplementation, projects & pilotsGreen taxonomyClimate risk and sustainable financeFinancial stability and systemic risk
  • 2026-05-08CroatiaCroatian Financial Services Supervisory Agency

    Croatian Financial Services Supervisory Agency highlights need for coordinated implementation of Croatia's capital market strategy

    At the Financial Market conference in Opatija, the Croatian Financial Services Supervisory Agency (Hanfa) said Croatia’s capital market now depends on coordinated operational implementation rather than new strategies, urging alignment between the state, regulator, infrastructure, industry and issuers, and reforms tailored to entrepreneurs’ financing needs. A panel on the Ministry of Finance’s 2025–2030 Strategic Framework noted early progress but gaps between planned measures and feasibility, citing complex administration, weak liquidity and limited quality investments, and discussed tax-favoured investment accounts, the PutNaTržište regulatory sandbox and an IPO fund.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-05-08BrazilCentral Bank of Brazil

    Central Bank of Brazil launches four tutorials to improve access to its Open Data Portal

    The Central Bank of Brazil has published four tutorials for its Open Data Portal explaining how to access, navigate and extract public datasets, including via the Olinda data browser and direct OData and CSV connections in Excel. The materials respond to user queries on handling portal data and illustrate use cases such as querying Pix statistics and exchange rate series, as portal views rose to about 5.6 million in 2025 from 1.4 million in 2024.

    Policy & regulationGuidance & interpretationRegulatory reportingSupervisory data
  • 2026-05-08EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association urges targeted Shareholder Rights Directive revision and warns against wholesale changes

    The European Fund and Asset Management Association has urged the European Commission to pursue a targeted revision of the Shareholder Rights Directive to remove barriers to shareholder participation, while warning that large-scale changes could hinder shareholder rights. EFAMA prioritises harmonised AGM timelines, digitalised Power of Attorney processes, workable split voting, automatic end-to-end vote confirmation and clearer EU-level safeguards for speaking and intervention rights in all AGM formats, with hybrid meetings seen as most suitable for asset managers. It also supports retaining the current comply-or-explain approach to annual engagement reporting and opposes any weakening of say-on-pay provisions.

    Policy & regulationOtherCorporate governance
  • 2026-05-08GhanaBank of Ghana

    Bank of Ghana announces fintech commitments including innovation hub and Continental FinTech Sandbox

    The Bank of Ghana Governor used his closing keynote at the 3i Africa Summit 2026 to announce an innovation hub, a dedicated fintech legal framework, a Continental FinTech Sandbox and a National FinTech Inclusion Programme as the summit’s implementation phase. He highlighted recent measures including the Virtual Asset Service Providers Act, 2025, a directive for digital credit providers and amendments to the Cyber and Information Security Directive, alongside macroeconomic improvements and efforts toward financial system harmonisation, licence passporting and supervisory convergence across Africa.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
  • 2026-05-08Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority publishes consultation conclusions on risk based capital amendments to incentivise infrastructure investment

    The Hong Kong Insurance Authority has published consultation conclusions on amendments to the Insurance (Valuation and Capital) Rules under the Risk-based Capital regime, aimed at encouraging infrastructure investment by insurers while maintaining prudential safeguards. Following generally supportive feedback, the authority refined the draft amendments, including the scope of eligible infrastructure investments and reduction factors, and introduced a consequential amendment to the Insurance (Maintenance of Assets in Hong Kong) Rules.

    Policy & regulationRules & requirementsCapital adequacyPrudential risks
  • 2026-05-08ChileCentral Bank of Chile

    Central Bank of Chile reports debit card use at 81 percent and cash at 64 percent in 2025 payment preferences survey

    The Central Bank of Chile has published results of the 12th National Survey on Cash Use and Preferences (ENUPE 2025), indicating a broader mix of payment options with debit cards the most used method at 81 percent, followed by cash at 64 percent, and a widened post-pandemic gap between the two. Cash remains widely used, particularly for low-value transactions, fairs and public transport, with frequent cash use stable at 60–64 percent and 57 percent of respondents saying they would be affected if merchants stopped accepting cash.

    Data & statisticsCurrency and cash management
  • 2026-05-08MalaysiaBank Negara Malaysia

    Bank Negara Malaysia reports USD129.7 billion in international reserves with 4.7 months import cover

    Bank Negara Malaysia reported that its international reserves stood at USD129.7 billion as at 30 April 2026, sufficient to finance 4.7 months of imports of goods and services and equivalent to 0.9 times total short-term external debt. The central bank noted that short-term external debt, measured using 4Q 2025 data, mainly reflects resident banks’ foreign currency liquidity operations and multinational corporations’ intra-group borrowing, typically serviced from external assets rather than central bank reserves.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority and FICCI sign MoU to develop GIFT IFSC as a global aviation finance hub at aircraft leasing summit

    The India International Financial Services Centres Authority, the Ministry of Civil Aviation and the Federation of Indian Chambers of Commerce & Industry held the second India Aircraft Leasing and Financing Summit, underscoring plans to develop GIFT IFSC as a hub for aircraft leasing and aviation finance. IFSCA highlighted enabling measures, including an extended tax holiday, a single-window IT system and new SPV and trust structures, and signed an MoU with FICCI to support GIFT IFSC’s growth as an international financial centre and aviation finance hub.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-05-08EstoniaCentral Bank of Estonia

    Central Bank of Estonia highlights April inflation at 3.4% with energy accounting for a third of the rise

    The Central Bank of Estonia commented on Statistics Estonia data showing annual consumer price inflation of 3.4% in April, with around one third of the increase driven by energy, mainly motor fuels linked to the war in Iran and supply disruptions in the Persian Gulf. The bank highlighted sharply higher diesel and petrol prices, continued upward pressure from last year’s value added tax increase, and noted that at constant tax rates Estonia’s inflation has recently been among the lowest in the euro area, where inflation was 3% in April.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2026-05-08United StatesFederal Reserve Board

    United States Federal Reserve Board Governor Cook outlines tokenization opportunities and warns of liquidity and interconnectedness risks

    The Federal Reserve Board published a speech by Governor Lisa D. Cook noting that tokenization of financial assets could enhance collateral mobility, liquidity management, settlement efficiency and cross-border market access, but may pose new financial stability risks as it scales. She said U.S. tokenized assets have more than doubled over the past year to around USD 25 billion, led by government bond funds, and stressed that tokenization should complement traditional market infrastructure.

    ResearchTokenization
  • 2026-05-08AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan publishes insurance intermediary attestation results with one candidate passing

    The Central Bank of the Republic of Azerbaijan published the results of a 1 May 2026 attestation for the insurance sector, with one of four candidates, Cavid Vahid Mammadov, achieving the required pass mark for insurance intermediation activities. The attestation requirement applies under Rule 4.6 to heads of legal entity insurance brokers, heads of legal entities engaged exclusively in insurance agency activity, and natural persons applying for an insurance intermediary licence.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-08NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway finds market manipulation breach and imposes NOK 500000 penalty over NEXT opening auction trades

    The Financial Supervisory Authority of Norway found that an individual investor breached the prohibition on market manipulation under Article 15 of the Market Abuse Regulation and imposed a NOK 500,000 fine. Extensive, systematic purchases in the opening auction for NEXT shares, often exceeding 50 percent of auction volume and lifting opening prices, gave misleading signals and supported the share price at an artificial level. The decision underscores that executed trades can constitute market manipulation when they influence reference prices and notes that the trading pattern continued despite broker warnings.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2026-05-08NorwayNorwegian Finanstilsynet

    The Financial Supervisory Authority of Norway updates DORA incident reporting guidance and clarifies 72 hour status reporting and one month final report deadlines

    The Financial Supervisory Authority of Norway has updated its guidance on incident reporting under the Digital Operational Resilience Act, clarifying when firms must submit status and final reports following serious ICT-related incidents. It specifies timelines and triggers for initial and subsequent status reports, confirms that remedial actions need not be completed before the final report, and updates the Altinn incident reporting form to allow firms to enter future dates for handling root causes and expected resolution.

    Policy & regulationGuidance & interpretationOperational risk and resilience
  • 2026-05-08BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority outlines 2026 operating cost contribution notices for intermediaries

    The Belgium Financial Services and Markets Authority has issued a newsletter for intermediaries outlining notices to pay contributions toward its operating costs for the 2026 financial year. The authority states that these notices will be sent by the second half of June 2026, with further details available in Dutch and French.

    Policy & regulationGuidance & interpretationLicensing and supervisory fees
  • 2026-05-08BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority announces reopening of VGP trading on Euronext Brussels at 09:00 CET on 08 May 2026

    The Belgium Financial Services and Markets Authority announced that, pursuant to Article 78 of the Law of 21 November 2017, trading in VGP financial instruments on Euronext Brussels will reopen. Trading will resume on 08 May 2026 at 09:00 CET.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08BotswanaBank of Botswana

    Bank of Botswana says Financial Stability Council sees Botswana’s financial system as resilient but risks tilted to the upside

    The Bank of Botswana’s Financial Stability Council concluded at its 7 May 2026 meeting that Botswana’s financial system remains broadly resilient, supported by strong capital buffers, sound market infrastructure, and robust regulation, but that systemic risks have increased and are skewed to the upside. Sovereign vulnerabilities were deemed the main threat, alongside persistent liquidity pressures, structural funding weaknesses, climate-related risks, and sectoral vulnerabilities. Domestic risks stem from weaker external inflows, subdued diamond markets, declining foreign exchange reserves, and rising public debt. The council warned that weak fiscal consolidation and debt management could crowd out private credit and heighten reliance on central bank facilities, and urged maintaining strong capital and liquidity buffers, better liquidity risk management and stress testing, closer monitoring of sovereign exposures, and stronger regulatory coordination.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
  • 2026-05-08AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan convenes banks and fintechs on digital payments expansion instant payments and open banking

    The Central Bank of the Republic of Azerbaijan held an event with banks and fintech organisations on the digital transformation of the payments ecosystem, focusing on wider use of digital payment instruments, development of the Instant Payment System, AZQR payments, and open banking solutions. Discussions highlighted the impact of QR and instant payments on consumer behaviour, the need for stronger cooperation and common standards, and future strategic directions for digital payment solutions.

    Policy & regulationImplementation, projects & pilots
  • 2026-05-08MauritiusBank of Mauritius

    Bank of Mauritius extends business transformation consultancy bid deadline to 18 May and clarifies core banking project scope

    The Bank of Mauritius has issued an addendum to its RFP for consultancy services on its Business Transformation Project, clarifying scope, commercial terms and project approach while extending the submission deadline. The consultant will provide independent oversight for replacing and enhancing the Bank’s core banking system and central banking functions, including governance support, review of vendor processes, test strategy, quality assurance and data migration oversight. The Bank confirmed requirements such as on-site presence, no subcontracting, fixed lump-sum pricing in MUR with milestone-based payments, and liquidated damages of up to 20% of contract value for consultant-attributable delays.

    Institutional developmentProcurementOutsourcing and third-party risk management
  • 2026-05-08MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority signs cooperation memorandum with the Agency for Prevention of Corruption on real time asset data sharing

    The Montenegro Capital Market Authority has signed a memorandum of cooperation with the Montenegro Agency for Prevention of Corruption to establish joint working arrangements and real-time electronic information exchange on public officials’ conflicts of interest and asset monitoring, focusing on securities and cryptocurrencies. The agreement includes joint staff training and is linked to the forthcoming Law on Prevention of Corruption, expected to introduce broader powers, additional obligations and stronger control mechanisms.

    Policy & regulationCooperationDomestic cooperation
  • 2026-05-08MoldovaNational Bank of Moldova

    National Bank of Moldova reports 2025 insurance sector growth while profitability weakens and the combined ratio reaches 103.5 percent

    The National Bank of Moldova’s end-2025 review of the insurance sector reports growth in assets, technical reserves, premiums and claims, alongside weaker profitability and lower average solvency and liquidity ratios compared with end-2024. All nine insurers remained above prudential thresholds, with solvency ratios above 100 percent, liquidity coefficients above 1 for each insurance category, and sufficient admissible assets to cover technical reserves and the minimum capital requirement.

    Data & statisticsOther
  • 2026-05-08GeorgiaInsurance State Supervision Service of Georgia

    Insurance State Supervision Service of Georgia joins NAIC international insurance forum and discusses supervisory reforms with US regulators

    The Insurance State Supervision Service of Georgia reported that its head, Davit Onoprishvili, joined the 2026 National Association of Insurance Commissioners international insurance forum in Washington and met US insurance supervisors. Discussions covered supervisory and legislative frameworks, technological innovation, cybersecurity and operational risk, health insurance data processing, personal data protection, and climate-related catastrophe risk. The engagement supports Georgia’s international integration in insurance supervision, adoption of US and other international practices, and closer legislative alignment.

    SupervisionCooperationOther
  • 2026-05-08TaiwanCentral Bank of Taiwan

    Central Bank of Taiwan reports unchanged 0.823% April overnight call rate as interbank turnover rises and commercial paper rates edge up

    The Central Bank of Taiwan reported that the weighted average overnight interbank call loan rate was unchanged at 0.823% in April 2026, while interbank call loan activity strengthened and commercial paper rates increased. Total interbank call loan turnover rose 3.38% month on month to TWD 2,298 billion, with domestic banks remaining the main borrowers and lenders, and outstanding short-term bills in the TDCC Bills Clearing and Settlement System increased 4.82% to TWD 4,303.5 billion despite declines in overall short-term bill and commercial paper turnover.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2026-05-08CyprusCentral Bank of Cyprus

    Central Bank of Cyprus updates banking sector non-performing loan data with ratio unchanged at 1.6% in February 2026

    The Central Bank of Cyprus published updated aggregate data on non-performing loans in the Cypriot banking sector as of 28 February 2026, showing the non-performing loan ratio unchanged at 1.6% under the European Banking Authority Risk Dashboard methodology. The coverage ratio for non-performing loans rose slightly to 62.4%, while total restructured loans stood at EUR 0.8 billion, of which EUR 0.3 billion remained classified as non-performing.

    Data & statisticsSupervisory data
  • 2026-05-08BulgariaNational Bank of Bulgaria

    Bulgarian National Bank reports 92.52% of lev cash withdrawn and euro circulation above EUR 8.4 billion

    The Bulgarian National Bank reported that Bulgaria’s cash changeover is progressing under the existing legal and operational framework, with 92.52% of lev banknotes and coins in circulation at the start of 2025 already withdrawn and the euro serving as sole legal tender since 1 February 2026. It noted that BGN 2.3 billion in lev cash remains outside its cash desks and that net euro banknotes and coins in circulation exceed EUR 8.4 billion, sufficient to support normal payment system functioning and economic needs.

    Policy & regulationImplementation, projects & pilotsMandate change
  • 2026-05-08South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes April official reserve data with gross reserves at USD 77.1 billion and ILP at USD 73.8 billion

    The South African Reserve Bank reported that as at 30 April 2026 gross reserves were USD 77.089 billion, down USD 670 million from end-March, while the international liquidity position rose USD 570 million to USD 73.757 billion. Gold reserves increased to USD 18.700 billion and Special Drawing Rights to USD 6.664 billion, while foreign exchange reserves fell to USD 51.725 billion and foreign currency deposits from customers narrowed to minus USD 3.918 billion. Reserve movements mainly reflected a USD 235.8 million foreign exchange loan from the French Development Agency, a higher US dollar gold price, valuation effects, and government foreign exchange payments.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes April 2026 statement showing total assets and liabilities down ZAR 32.5 billion

    The South African Reserve Bank’s monthly statement of assets and liabilities as at 30 April 2026 reported total assets and total equity and liabilities of ZAR 1,351,264,975,635, down ZAR 32,482,040,643 from March. The decline was driven by lower gold and foreign assets, including a ZAR 31,713,280,349 fall in foreign exchange reserves excluding Special Drawing Rights to ZAR 867,827,657,019 and a ZAR 2,288,324,039 decrease in gold to ZAR 313,733,372,321, partly offset by higher bank deposits and increased domestic holdings of South African government securities.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08LuxembourgLuxembourg Commissariat aux Assurances

    Luxembourg Insurance Commission reports first quarter 2026 non-life premiums down 2.19 percent and life premiums up 18.13 percent

    The Luxembourg Insurance Commission reported Q1 2026 premiums up 8.29 percent year on year to EUR 14.85 billion, with non-life premiums down 2.19 percent and life premiums up 18.13 percent. The non-life decline was mainly linked to 2025 restructurings, with constant perimeter non-life premiums up 3.54 percent, while life growth was broad-based across unit-linked and guaranteed-return products and pension funds. Life insurers’ technical provisions rose 7.82 percent to EUR 261.57 billion, with unit-linked products representing over 80 percent of the total.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia reports April reserve assets at USD146.2 billion remaining above adequacy standards

    Bank of Indonesia reported that official reserve assets declined to USD146.2 billion at end-April 2026 from USD148.2 billion in March, remaining equivalent to 5.8 months of imports and above the international adequacy standard. The change reflected tax and services receipts and government global bond issuance offset by external debt repayments and Rupiah stabilisation operations, with the central bank stating reserves remain adequate to support external resilience and macro-financial stability.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia survey shows primary residential property price growth slowed to 0.62% and sales contracted 25.67% in the first quarter of 2026

    Bank of Indonesia’s latest Residential Property Price Survey reports subdued primary market price growth in the first quarter of 2026, with the Residential Property Price Index up 0.62% year on year versus 0.83% in the previous quarter and primary market sales contracting 25.67% year on year. Medium residential unit sales increased, while small and large unit sales remained weak, and developers relied predominantly on internal funds for development (80.66%) and housing loans from banks for home purchases (69.87%).

    Data & statisticsFinancial and market indicators
  • 2026-05-08LuxembourgCentral Bank of Luxembourg

    Central Bank of Luxembourg publishes provisional March lending and deposit rates as household variable mortgage rates hold at 3.07 percent and large corporate lending reaches EUR 3.49 billion

    The Central Bank of Luxembourg published provisional March 2026 data on average interest rates for new loans and deposits of Luxembourg credit institutions to euro area households and non-financial corporations, showing broadly stable household variable mortgage rates at 3.07 percent alongside higher new mortgage volumes of EUR 308 million. Fixed mortgage rates for households moved mixed across maturities, while consumer credit and household term deposit rates edged higher. Corporate borrowing costs increased across size bands, with variable rates on loans above EUR 1 million rising to 3.02 percent and new lending reaching EUR 3.489 billion, and term deposit rates for non-financial corporations with maturities up to one year at 1.96 percent.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2026-05-08EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision publishes updated climate and nature risk management good practices with expanded focus on nature risks and ICAAP

    The European Central Bank Banking Supervision has updated its report on good practices for climate and nature risk management, reflecting its 2020-25 supervisory programme and alignment with European Banking Authority ESG risk guidelines. The report refreshes 18 practices, adds five, and expands coverage of internal capital adequacy assessment and nature-related risk management, emphasising transition planning and physical, reputational and litigation risks. The ECB stresses the examples are illustrative and do not introduce new supervisory expectations or legal requirements.

    Policy & regulationGuidance & interpretation
  • 2026-05-08EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision updates climate and nature risk stress testing good practices with new physical and nature risk modelling examples

    The European Central Bank Banking Supervision has updated its report on good practices for banks’ climate and nature-related risk stress testing. By end-2024, all significant institutions had integrated climate risk into stress-testing frameworks, but key risk drivers, portfolios and transmission channels are still sometimes missed and modelling remains insufficiently robust. The 2026 update focuses on integrating climate risk into credit risk models, adds sections on physical and emerging nature-related risks, and highlights data gaps, especially for greenhouse gas emissions and energy performance certificates. The report supports implementation of the ECB Guide on climate and environmental risks and the EBA Guidelines on environmental scenario analysis and ESG stress testing, effective 1 January 2027, without introducing new legal or regulatory requirements.

    Policy & regulationGuidance & interpretation
  • 2026-05-08NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets publishes chair's column urging more long term investing by Dutch households

    The Dutch Authority for the Financial Markets published a column by chair Laura van Geest highlighting that many Dutch households lack adequate cash buffers and, once those buffers are in place, underinvest despite sufficient resources, with implications for financial resilience and retirement. She notes that more than half of non-investors cite lack of knowledge, around 40% cite risk and about 30% lack interest, while retail risks such as investment fraud estimated at about EUR 750 million and unsuitable products persist. The column frames this as a consumer financial wellbeing issue and stresses that supervision should protect retail investors without creating unnecessary barriers.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission and Ministry of Finance approve two mainland accounting firms for eligible H share audits in Hong Kong

    The China Securities Regulatory Commission and the Ministry of Finance have approved Rongcheng and Tianzhi International, both special general partnerships, to issue audit reports in their own names for eligible H-share companies in the Hong Kong capital market from 15 May 2026. The approvals follow review by the mainland approval and recommendation committee for H-share audit business and confirmation by Hong Kong regulators, with the firms under strict ongoing supervision to ensure compliance with relevant requirements.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission and China's Ministry of Finance add two mainland accounting firms to list for H-share company audits

    China's Ministry of Finance, the China Securities Regulatory Commission and the Hong Kong Accounting and Financial Reporting Council have added two mainland accounting firms, Rongcheng and Tianzhi International, to the supplementary list of firms eligible to undertake H-share company audit work, following the exit of two firms. The authorities will apply dynamic list management and market exit arrangements, including ongoing practice quality inspections, annual sampling inspections of H-share audit engagements and mandatory submission of H-share audit information via the unified certified public accountant industry supervisory platform.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08EuropeEuropean Commission

    European Commission launches call for bioeconomy investment group to mobilise blended public and private finance

    The European Commission has launched a call for expressions of interest to join the European Bioeconomy Investment Deployment Group, a new platform to accelerate funding for sustainable bio-based innovation and close financing gaps. The group will bring together the Commission, the European Investment Bank Group, national promotional banks, commercial banks, private financial institutions and selected investors to coordinate investment, improve access to capital and develop blended finance and risk-sharing mechanisms for innovative bio-based technologies and industrial deployment.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeMarket development
  • 2026-05-08ItalyBank of Italy

    Bank of Italy research finds interest rate derivatives cut Italian non-financial firms' annual debt costs by about 20 per cent during monetary tightening

    The Bank of Italy published a research note showing that Italian non-financial companies’ use of interest rate derivatives in 2021-24 materially mitigated the impact of the European Central Bank’s 2022-23 tightening on borrowing costs, reducing the annual cost of debt by about 20 per cent on average and delivering estimated benefits of roughly 100 basis points in 2023 and 70 basis points in 2024. The analysis, based on linked EMIR, AnaCredit, Securities Database and Cerved data, finds widespread use of interest rate swaps and high hedge ratios against variable-rate bank debt, with most swaps contracted with the lending banking group.

    ResearchRisk managementMarket risk and volatility
  • 2026-05-08UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market outlines 2026 to 2027 reform priorities including 10 to 14 day securities issuance and virtual assets regulation

    The Ukraine National Commission on Securities and Stock Market outlined its 2026–2027 capital markets reform priorities, focusing on shortening securities issuance timelines, introducing individual investment accounts and enabling municipal bond issuance. It highlighted a securitisation bill to allow banks to raise funds against mortgage portfolios, a virtual assets bill making the Commission the lead regulator, and ongoing work to expand foreign investor access and address capital repatriation.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2026-05-08GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance says illegal gambling bill will enter public consultation with EUR 800 million supplementary budget and support measures

    Greece’s Ministry of National Economy and Finance will release a bill on illegal gambling for public consultation, including a EUR 800 million supplementary budget with support measures targeting higher energy costs and international uncertainty. The minister outlined revised macroeconomic projections, with lower 2026 growth and a temporary inflation rise, but higher 2027 growth and investment and lower 2027 inflation. The draft bill will introduce new social benefits, tax online betting companies, and expand private debt relief, including extended out-of-court mechanisms and more flexible primary residence restructuring.

    Policy & regulationRules & requirementsOther
  • 2026-05-08SwedenFinansinspektionen

    Swedish Financial Supervisory Authority joins ESMA-led review of investment firms' conflicts of interest controls

    The Swedish Financial Supervisory Authority is participating in an EU-wide supervisory review, coordinated by the European Securities and Markets Authority, on how investment firms manage conflicts of interest in their dealings with clients. The review will assess firms’ routines, suitability processes, control functions and remuneration systems to ensure products are appropriate for consumers and that the duty to act in clients’ best interests is not subordinated to firms’ profitability, including through an in-depth analysis of Swedish firms.

    SupervisionCooperationCorporate governance