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2026-05-08•Europe•European Central Bank - Banking Supervision
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
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2026-05-08•Netherlands•Dutch Authority for the Financial Markets
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
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2026-05-08•China•China Securities Regulatory Commission
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
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2026-05-08•China•China Securities Regulatory Commission
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
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2026-05-08•Europe•European Commission
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
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2026-05-08•Italy•Bank of Italy
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
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2026-05-08•Ukraine•Ukraine National Commission on Securities and Stock Market
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
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2026-05-08•Greece•Ministry of National Economy and Finance (Greece)
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
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2026-05-08•Sweden•Finansinspektionen
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
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2026-05-08•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority reported that average rates on new and renegotiated variable-rate mortgages rose in the first quarter of 2026, with significant differences between lenders. In March, the average variable rate at the eight largest mortgage banks was 2.62 percent, and the 0.26 percentage point spread equated to just over SEK 5,000 a year on a SEK 2 million loan. The share of borrowers choosing fixed rates increased from 17.5 percent in February to 33 percent in March. The authority said average rates, reflecting actual customer outcomes, are a more reliable benchmark than advertised rates for comparing banks and negotiating mortgage terms.
Data & statisticsFinancial and market indicators
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2026-05-08•Europe•European Central Bank
The European Central Bank published a speech by President Christine Lagarde arguing that Europe should not promote euro-denominated stablecoins, as their financial stability and monetary policy trade-offs outweigh potential benefits for euro demand. She instead advocates tokenised finance built on infrastructure anchored in central bank money, highlighting the Eurosystem’s Pontes project to link distributed ledger platforms to TARGET for wholesale settlement and the Appia roadmap towards a fully interoperable European tokenised financial ecosystem by 2028.
Monetary policyMonetary policy assessments & outlooksStablecoins
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2026-05-08•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has extended to 30 June 2026 the deadline for all covered Bangko Sentral ng Pilipinas-supervised financial institutions to submit their 2025 audited financial statements and accompanying reports. Electronic submission requirements for banks and non-bank financial institutions will continue to follow Bangko Sentral ng Pilipinas Memoranda Nos. M-2020-055 and M-2020-060.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-08•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reminded all Bangko Sentral ng Pilipinas-supervised institutions to strictly apply existing anti-money laundering and counter-terrorism and proliferation financing controls across payment activities, including account onboarding, monitoring and merchant payment acceptance. The memorandum reiterates that institutions remain primarily responsible for AML/CTPF compliance, including where payment aggregators are involved, and must maintain visibility over underlying merchants and payment activity, distinguish merchant from personal accounts, and implement measures against mule merchants and QR code misuse, including controls for QR-enabled services under QR Ph.
Policy & regulationGuidance & interpretationAML and CFTPayments and payment systems
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2026-05-08•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines warned the public against using unauthorized virtual asset service providers, citing heightened risks of fraud, operational failures, weak consumer protection and potential service disruption from enforcement action. It highlighted risks including loss of funds from scams, security breaches, cyber attacks and bankruptcy, limited legal recourse and data privacy issues, and said it is working with the Securities and Exchange Commission and other agencies to restrict access to unlicensed platforms while directing consumers to use only licensed institutions.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-05-08•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has published an external audit of its covenant with Stichting DSI on the professional competence of investment professionals. The audit by KWINK group concludes the arrangement is an efficient, effective tool within the AFM’s risk-based supervision and will be renewed at the end of 2026. It found broad support for DSI certification but highlighted low registration rates after DSI-accredited training, misalignment between training, examinations and practice, and scope to improve monitoring. The renewal will incorporate these recommendations and reflect AFM’s recent information requests to investment firms and banks on how they ensure staff competence.
SupervisionSupervision approach, priorities & toolkitAuditing
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2026-05-08•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched two targeted supervisory campaigns in the virtual assets sector to assess how crypto businesses manage money laundering risks as new reforms broaden regulation. The campaigns cover 36 over-the-counter “ramps and rails” providers and 27 local crypto exchanges, focusing on business models, AML/CTF risk management and governance. AUSTRAC noted that obligations will extend to a wider range of virtual asset services, including custody and brokerage, and said it will continue to provide guidance to support compliance.
SupervisionReviews, inspections & stress testsAML and CFT
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2026-05-08•Uzbekistan•Ministry of Finance (Republic of Uzbekistan)
The Ministry of Economy and Finance of Uzbekistan convened a working group roundtable and seminar on a draft law On Startups and on supporting regional startup projects, as part of the presidential decision to introduce a comprehensive startup support ecosystem. Discussions addressed the legal status and registration of ecosystem participants, rights of venture funds and investors, state support mechanisms, intellectual property protection and commercialization, and embedding concepts such as startup, institutional investor, venture fund, business angel, accelerator and incubator in legislation, alongside coordination of regional initiatives and financing.
Policy & regulationRules & requirementsFintech and insurtech
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2026-05-08•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reminded borrowers of the unified mechanism for restructuring obligations to banks, microfinance organizations and collection agencies in documented financial hardship, and of the option to escalate disputes to bank and microfinance ombudsmen whose binding decisions are free. It also highlighted the out-of-court personal bankruptcy procedure, noting consequences including a five-year ban on new loans, three years of financial monitoring and a seven-year interval before repeat bankruptcy.
Policy & regulationGuidance & interpretationOther
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2026-05-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has permanently banned property developer Trent Simon Giumelli from providing financial services after finding serious incompetence, irresponsibility and disregard for financial services laws. ASIC found that, through the Giumelli Group, he operated real estate wealth coaching programs and unregistered managed investment schemes without an Australian financial services licence over eight years, raising around AUD 48 million. The ban, effective 6 May 2026 and recorded on ASIC’s Banned and Disqualified Register, prohibits him from any role in a financial services business, and he may apply to the Administrative Review Tribunal for review.
EnforcementSanctions & designationsUnlicensed or unauthorized activity
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2026-05-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission published a fireside discussion with outgoing Chair Joe Longo, who reiterated ASIC’s priorities, including operating as a modern, confident regulator with more systematic engagement with the community and financial counselling sector. Longo emphasised greater investment in preventing financial harm through financial literacy and tools such as Moneysmart, enhanced capability to address scams and AI-driven misconduct, and closer work with digital platforms. He noted that recent Shield and First Guardian cases highlighted vulnerabilities in Australia’s AUD 4.5 trillion superannuation system and underscored the need for law reform and safer access to advice.
Policy & regulationReform agendas & prioritiesOther
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2026-05-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has launched an anonymous survey to gather feedback from businesses and other users as it upgrades systems, portals and processes under a broader digital improvement program. The initiative aims to make ASIC’s business registers and online services more secure and easier to use, and to inform how ASIC communicates upcoming changes and supports users in understanding and meeting their obligations.
Policy & regulationImplementation, projects & pilotsIT management
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2026-05-08•Asia•Eurasian Group (EAG)
The Eurasian Group issued a summary of the second Global Network secretariats meeting in Samarkand. Participants discussed preparations for the next round of mutual evaluations, as well as staff capacity, internal procedures and digital tools. The meeting followed the first such session in Abu Dhabi in April 2025.
Policy & regulationCooperationAML and CFTSupervisory colleges
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2026-05-08•Asia•Eurasian Group (EAG)
The Eurasian Group on Combating Money Laundering and Financing of Terrorism published the outcomes of its 22-24 April supervisory forum in St Petersburg, where more than 200 delegates from 30 FATF Global Network member states discussed risk-based supervision, crypto compliance and digital banks. Banking supervisors focused on improving domestic and cross-border supervisory information sharing and agreed to continue the roundtable format at future Eurasian Group meetings. The forum will continue next year.
SupervisionCooperationAML and CFTCross-border cooperation
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2026-05-08•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance hosted the 15th Korea Green Innovation Days with the World Bank and Sejong City for the Korea Green Growth Trust Fund, focusing on scaling green growth globally and expanding cooperation on project preparation, technical assistance and co-financing. Since 2012, the fund has influenced about USD 35.9 billion in World Bank lending and co-financing and facilitated knowledge exchange with 94 Korean institutions, resulting in 59 partnerships. In a meeting with World Bank Vice President Guangzhe Chen, the ministry reaffirmed support for green growth cooperation and called for stronger development outcomes through private capital mobilisation and collaboration on artificial intelligence and green transitions.
Policy & regulationCooperationClimate risk and sustainable financeGreen taxonomy
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2026-05-08•Honduras•Central Bank of Honduras
The Central Bank of Honduras reported that net international reserves increased by USD 1,152.0 million between 27 January and 6 May 2026, raising import coverage from 6.0 to 6.6 months under the 2026-2027 Monetary Program. Reserves rose from USD 10,305.8 million to USD 11,457.8 million over the period, with the release detailing cumulative and weekly changes.
Data & statisticsBalance of payments and other external statistics
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2026-05-08•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher Waller outlined a framework to standardize and centralize back-office functions across the Federal Reserve System while preserving local control over district-specific activities. Functions such as IT, HR, financial management, enterprise risk management, and payments could be led by a single Reserve Bank under service-level agreements, with the Board retaining oversight of performance and costs. Waller said the “System-first” model is still being operationalized and will affect critical services, including the daily movement of trillions of USD in payments for commercial banks and the U.S. Treasury.
Institutional developmentMandate & organizational structure
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2026-05-08•United States•Federal Reserve Board
Federal Reserve Vice Chair for Supervision Michelle Bowman outlined a three-part approach to the shift of corporate lending from banks to nonbank financial institutions: recalibrating capital for traditional bank lending, preserving a role for private credit and business development companies, and enhancing supervisory reporting on bank exposures to nondepository financial institutions. She noted banks’ share of corporate lending fell from 48 percent in 2015 to 29 percent in 2025 as the U.S. private credit market grew to about USD 1.4 trillion. Bowman said the Basel III proposal would cut risk weights on investment-grade corporate exposures to 65 percent from 100 percent and that the largest banks must report detailed financial information on nondepository financial institution borrowers, citing concerns from recent private credit bankruptcies and business development company redemptions.
SupervisionSupervision approach, priorities & toolkitLendingPrudential risks
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2026-05-08•Australia•Department of Treasury (Australia)
Australia’s Department of the Treasury has released a consultation paper on strengthening the annual superannuation performance test to reduce barriers to investment while maintaining focus on member outcomes. Proposals include revised benchmarks for emerging and alternative assets, a risk‑adjusted return assessment using a simple reference portfolio with routine benchmark reviews, and extending the test to more accumulation products. Treasury notes the test currently covers more than 560 products, representing around 62 per cent of the Australian Prudential Regulation Authority‑regulated sector by value, with members in underperforming products falling from around 1 million in 2021 to about 8,500 in 2025.
Policy & regulationReform agendas & prioritiesFinancial benchmarks
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2026-05-08•United States•Federal Reserve Board
The Federal Reserve Board approved applications by Columbia Bank MHC and Columbia Financial, Inc. of Fair Lawn, New Jersey, allowing Columbia Financial to become the organization’s new top-tier holding company and a savings and loan holding company through the acquisition of Columbia Bank. The Board also approved Columbia Financial’s acquisition of Northfield Bancorp, Inc. of Woodbridge, New Jersey, and the indirect acquisition of Northfield Bank of Staten Island, New York.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-08•Global•International Monetary Fund
The IMF Executive Board approved the FY2027–FY2029 medium-term budget, maintaining a flat real net administrative envelope and setting the FY2027 net administrative budget at USD 1,601.3 million, consistent with projected income and precautionary balances. The framework keeps the envelope near its real level of two decades ago, reduces the maximum carryforward of unused resources to 3 percent in FY2027, and sets a capital budget of USD 129.4 million focused on essential facilities maintenance, cybersecurity, remediation of IT under-investment, and expanded use of artificial intelligence in core functions.
Institutional developmentOther
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2026-05-08•Global•International Monetary Fund
The IMF Executive Board completed its annual review of the Fund’s income position for the financial year ending April 30, 2026, projecting General Resources Account (GRA) net income of about USD 2.5 billion before a proposed USD 1.90 billion distribution to the Interim Poverty Reduction and Growth Trust Administered Account (IPAA), total comprehensive income of USD 5.2 billion, and precautionary balances of USD 35.9 billion, above the medium-term target of SDR 25 billion. The Board kept the 60 basis point margin on the IMF’s basic lending rate over the SDR interest rate for financial years 2027–2028 and approved related decisions on reimbursements, transfers among the GRA, Investment Account and subaccounts, and placing pension-related gains and residual net income in the Special Reserve.
Data & statisticsFinancial and market indicators
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2026-05-08•Global•International Monetary Fund
The International Monetary Fund reached staff-level agreements with Cabo Verde on the eighth review of the Extended Credit Facility and the fourth review of the Resilience and Sustainability Facility, which, subject to Executive Board approval, would allow disbursements of SDR 2.37 million and up to SDR 5.276 million. IMF staff assessed performance under the Extended Credit Facility as strong and noted progress under the Resilience and Sustainability Facility, while highlighting delays in audited state-owned enterprise statements and slower climate-related reforms. The Fund described the near-term outlook as stable but with downside risks, and recommended temporary energy price support, a cautious 2027 budget aligned with debt reduction, and continued reforms in state-owned enterprises, public financial management, central bank operations and climate resilience.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2026-05-08•Global•International Monetary Fund
The IMF Executive Board completed the third review of Pakistan’s Extended Fund Facility and the second review of its Resilience and Sustainability Facility, enabling immediate disbursements of about USD 1.1 billion and USD 220 million and bringing total disbursements to about USD 4.8 billion. The IMF cited continued macroeconomic stabilisation and climate resilience reforms, highlighting strong fiscal performance, rising reserves, and the need for ongoing fiscal consolidation, tight monetary policy, exchange rate flexibility, and structural reforms.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2026-05-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has issued an open letter urging all licensees and market participants to strengthen cyber resilience as frontier AI increases the speed, scale and sophistication of cyber threats. ASIC reiterates that cyber resilience is a core licensing obligation requiring board and executive leadership, references its recent court outcome against FIIG Securities Limited, and sets expectations for effective, proportionate cyber risk controls and governance. The letter must be tabled at boards and risk governance committees and directs firms to Australian Government guidance as ASIC coordinates with other regulators to promote consistent expectations.
Policy & regulationGuidance & interpretationCyber resilienceArtificial intelligence
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2026-05-08•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission reported that its board held two meetings with over 100 market participants, industry associations and major law firms to discuss the public consultation on its “Big Bang” regulatory package. The core proposal would shift the capital markets framework from prior approvals to automatic authorization, with limited exceptions, and includes measures to facilitate issuance of corporate bonds, shares, financial trusts and mutual funds, promote tokenization, broaden medium- and low-impact regimes, and expand the regulatory sandbox.
Policy & regulationRules & requirementsMarket development
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2026-05-08•South Korea•Bank of Korea
The Bank of Korea published preliminary balance of payments data showing a current account surplus of USD 37.33 billion in March 2026, bringing the January–March surplus to USD 73.78 billion, driven by a USD 35.07 billion goods account surplus amid a 56.9% year-on-year rise in exports. The services account remained in deficit, while the primary income account was in surplus and the financial account recorded a net asset increase of USD 36.99 billion, led by higher net portfolio and direct investment.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported on Governor Irena Radovic’s meetings in Brussels with senior EU counterparts on financial sector reforms and steps toward integration into the EU economic and financial framework. Discussions focused on alignment with the EU acquis, modernisation of payment infrastructure, preparations for future integration into the European System of Central Banks, and initiatives such as SEPA accession and the TIPS Clone project, alongside broader support for Montenegro’s EU accession path and financial stability.
Policy & regulationCooperationCross-border cooperation
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2026-05-07•Japan•Bank of Japan
The Bank of Japan published its latest statement of assets, liabilities and net assets, reporting total assets of JPY 663.3 trillion, dominated by Japanese government bonds of JPY 531.9 trillion. Key liabilities comprised current deposits of JPY 469.4 trillion and banknotes of JPY 116.8 trillion, while outstanding amounts under the Loan Support Program totaled JPY 49.1 trillion and funds-supplying operations against pooled collateral stood at JPY 28.9 trillion.
Data & statisticsMonetary data
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2026-05-07•United States•U.S. Department of Justice
The U.S. Department of Justice announced that the former president and Chief Executive Officer of the now-defunct First National Bank of Lindsay, Danny Seibel, pleaded guilty to one count of bank fraud related to manipulated loan records and reports. Court documents state that Seibel used new loans or bank funds to cover overdrafts and falsified reports to overstate loan performance before the Office of the Comptroller of the Currency appointed a receiver. He faces up to 30 years in prison and a fine of up to USD 1 million, with sentencing pending.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-07•Canada•Department of Finance (Canada)
The Department of Finance Canada has introduced the second Budget 2025 implementation bill, covering measures across tax administration, international tax, crypto-asset reporting, housing finance, labour mobility, transport complaints and defence procurement. Key provisions include automated federal tax filing for low-income individuals, amendments to the Global Minimum Tax Act, implementation of the Crypto-Asset Reporting Framework for platform user data, changes to housing and mortgage insurance legislation, a ban on most non-compete clauses in federally regulated industries, and the creation of a stand-alone Defence Investment Agency.
Policy & regulationRules & requirementsOther
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2026-05-07•Cuba•Central Bank of Cuba
The Central Bank of Cuba reported on a Mother's Day community outreach event at the Doña Leonor Pérez Cabrera maternal home in Old Havana, where staff provided financial education to healthcare workers and pregnant women. The session covered household budgeting, debt avoidance, saving, and use of the Transfermóvil and Enzona payment platforms, including practical guidance on configuring accounts and new mobile features, and formed part of the bank’s National Financial Education Strategy.
Financial literacy & educationOther
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2026-05-07•Cuba•Central Bank of Cuba
The Central Bank of Cuba reported on a meeting of Banco Metropolitano’s provincial management council, where senior leadership and Havana branch heads reviewed early 2026 results and measures to sustain service quality amid a difficult economic environment. Discussions focused on operating indicators, leadership policies, income portfolio, financial statements, discipline issues, enhanced use of Ticket-style online reservation tools, and implementation of the new foreign currency management and allocation mechanism introduced by the Central Bank in late 2025.
SupervisionReviews, inspections & stress testsOperational excellence
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2026-05-07•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendence of Banking, Insurance and Private Pension Fund Administrators announced that Lima is hosting the Basel Consultative Group for the first time in South America, with discussions on current banking supervision challenges. The authority highlighted Peru's progress in strengthening its stress testing framework, including climate-related financial risks, and noted agenda items such as proportional Basel III implementation, more forward-looking, risk-based supervisory tools, and emerging risks from digitalisation, cyber, climate, geopolitics and non-bank financial intermediation.
SupervisionCooperation
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2026-05-07•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network has admitted the Banks Association of Peru (ASBANC) as its newest member, expanding the network to 104 member institutions across 74 countries. SBFN highlighted ASBANC’s role in Peru’s sustainability and financial inclusion agenda, including its Green Protocol commitments, public Sustainable Finance Repository, and leadership of the National System of Accounts for Financial Inclusion.
Other
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2026-05-07•France•Bank of France
The Bank of France and France's Ministry of the Economy have launched a national register of accounts reported for fraud risk, enabling payment service providers to share alerts on IBANs linked to potentially fraudulent accounts to improve detection and prevention of transfer fraud. The central bank-managed register, which excludes personal data and retains information only for a limited period, is intended to strengthen vigilance against manipulation-based fraud and complements existing anti-fraud tools. Over time, the register is expected to be integrated into a broader European Union data-sharing framework under the future regulation on payment services.
Policy & regulationImplementation, projects & pilotsFraud and scams
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2026-05-07•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners published President Scott A. White’s prepared keynote for its 2026 International Insurance Forum, outlining priorities for leadership, modernization, and resilience in the state-based insurance system. The remarks emphasize clearer expectations for artificial intelligence governance and cybersecurity oversight, stronger capital and investment frameworks, expanded data and analytics for proactive supervision, enhanced catastrophe risk management, climate disclosures, and stress testing, and intensified international engagement and cooperation.
Policy & regulationReform agendas & prioritiesCyber resilienceClimate risk and sustainable finance
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2026-05-07•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners met with U.S. Treasury Secretary Scott Bessent to discuss insurers’ growing exposure to private credit and related risk management and investment oversight within the state-based insurance regulatory framework. The meeting highlighted concrete steps taken by state insurance regulators and underscored ongoing collaboration as Treasury monitors developments in the U.S. life insurance industry and private credit markets.
SupervisionCooperationRisk managementPrudential risks
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2026-05-07•Mauritius•Bank of Mauritius
The Bank of Mauritius reported gross official international reserves of MUR 463.1 billion (USD 9,810.5 million) at end-April 2026 and introduced a revised import cover measure that includes Global Business Companies (GBC) services imports alongside the existing measure excluding them. The new series, aligned with balance of payments statistics and extended back to 2018, shows reserves at end-April 2026 covering 13.6 months of imports excluding GBC services imports and 10.0 months including them.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Chile•Chile Financial Market Commission
The Chile Financial Market Commission Board has approved structural changes to streamline its organisation, merging the General Directorates of Market Conduct Regulation and Prudential Regulation into a single General Directorate of Regulation, while keeping market conduct supervision separate. The reforms include new leadership appointments, consolidation of prudential and conduct licensing into a Licensing Area reporting directly to the Board, creation of an Insurance Prudential Regulation Directorate, and transfer of the International Area to the General Directorate of Research, in line with Chile’s twin peaks model.
Institutional developmentMandate & organizational structureOrganizational structure
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2026-05-07•Mexico•Bank of Mexico
Banco de México cut the overnight interbank rate by 25 bp to 6.50% effective 8 May 2026, extending the cumulative easing to 300 bp since February 2025 amid weaker Q1 GDP, wider slack and a moderating but still risky disinflation path. The corridor was left intact and the Governing Board signalled the cycle is likely over, expecting to keep the policy rate unchanged for an extended period to guard against persistent upside inflation risks.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Europe•European Banking Federation
The European Banking Federation has submitted feedback on the Anti-Money Laundering Authority draft regulatory technical standards on customer due diligence under Article 28(1) of Regulation (EU) 2024/1624, urging that the framework remain proportionate, risk based and workable. It calls for greater flexibility in customer identification and verification, clearer definitions of Senior Managing Officials and persons acting on behalf of customers, a more risk-based treatment of ownership and control structures and end-investors, recognition that perpetual know-your-customer is sufficient in low-risk cases, and phased implementation.
Policy & regulationOtherKYC
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2026-05-07•Europe•European Banking Federation
The European Banking Federation has submitted feedback on the Anti-Money Laundering Authority’s draft regulatory technical standard on criteria for identifying business relationships, occasional and linked transactions, and lower thresholds under Article 19(9). It warns that the draft would create legal and operational uncertainty, pull low-risk situations into scope, and lead to divergent interpretations across Member States, and calls for clearer, more proportionate, risk-based criteria that operate as risk indicators rather than automatic triggers for AML/CFT obligations.
Policy & regulationRules & requirementsAML and CFT
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2026-05-07•Brunei Darussalam•Ministry of Finance (Brunei Darussalam)
Brunei Darussalam’s Ministry of Finance and Economy reported on its participation in the 29th ASEAN+3 Finance Ministers and Central Bank Governors Meeting and the 59th Asian Development Bank Board of Governors Annual Meeting in Samarkand, where it outlined priorities on regional financial cooperation, fiscal sustainability, connectivity and digital innovation. At the ASEAN+3 meeting, Brunei reaffirmed pro-growth policies while prioritising fiscal sustainability amid global uncertainty, as participants reviewed regional economic outlooks and progress on initiatives including the Chiang Mai Initiative Multilateralization and the Asian Bond Markets Initiative. At the ADB meeting, Brunei called for integrating climate resilience and digital innovation into regional agendas and for partnerships on financing, resource mobilisation and capacity building to support economic corridors, new industrial clusters, domestic economic diversification and green transition.
Policy & regulationCooperationEconomic data and developmentsMonetary policy decisions and developments
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2026-05-07•United States•U.S. Securities & Exchange Commission
A U.S. Securities and Exchange Commission commissioner, speaking in a personal capacity at the SEC’s Annual Conference on Financial Market Regulation, questioned the effectiveness of a “broken windows” approach to securities enforcement, arguing that focusing on minor or technically arguable violations can misallocate resources and chill market activity. Citing research on sweep investigations and strict-liability cases, the commissioner also highlighted new academic work on exchange-traded funds, noting ETF assets could reach USD 13.4 trillion by 2025 and calling for further empirical analysis as active ETFs expand.
EnforcementEnforcement frameworkOther
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2026-05-07•Global•Financial Stability Board
The Financial Stability Board reported that its Regional Consultative Group for the Commonwealth of Independent States met in Astana to discuss key financial stability issues affecting the region and the global system. Participants reviewed global and regional vulnerabilities, foreign exchange market strains, resolution regimes, and developments in global stablecoins and crypto-assets, and considered how regional perspectives could inform the Financial Stability Board’s 2026 work programme.
Policy & regulationCooperationFinancial stability and systemic riskStablecoins
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2026-05-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam discussed with the IMF Resident Representative Vietnam’s macroeconomic outlook, monetary policy and financial sector development, confirming that 2026 monetary policy will remain proactive, flexible and cautious, with inflation control and macroeconomic stability as core anchors. The Governor outlined plans to guide credit in line with macro stability while developing capital and corporate bond markets to diversify medium- and long-term funding and reduce reliance on bank credit, and committed to improving data quality and alignment with international standards. The State Bank also requested continued IMF policy dialogue, technical assistance and capacity building in monetary policy, statistics, financial stability and banking supervision.
Monetary policyMonetary policy assessments & outlooks
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2026-05-07•Israel•Bank of Israel
The Bank of Israel reported that Israel’s foreign exchange reserves rose to USD 235.745 billion at end-April 2026, an increase of USD 6.326 billion, equivalent to 38.4 percent of GDP. The rise was mainly due to a USD 7.467 billion revaluation effect, partly offset by USD 1.154 billion in government foreign exchange activity, with USD 231.130 billion held outside the International Monetary Fund and USD 4.615 billion in IMF-related reserve assets.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•United Arab Emirates•Ministry of Economy (UAE)
The UAE Ministry of Economy’s Economic Integration Committee reviewed measures to strengthen the national digital system for commercial company data by enhancing links between the National Economic Register and federal and local authorities and ensuring data is updated. It discussed implementing national anti-money laundering and counter-terrorist financing policies, including beneficial ownership identification and coordination for the upcoming Financial Action Task Force mutual evaluation, and reviewed joint work on business and investment resilience, SME support, market oversight, supply chains, strategic stocks, and economic legislation.
Policy & regulationImplementation, projects & pilotsOperational risk and resilience
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2026-05-07•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy held three workshops for designated non-financial businesses and professions on recent changes under Federal Decree-Law No. 10 of 2025 on combating money laundering, terrorist financing and proliferation financing. The sessions addressed enhanced beneficial ownership requirements, oversight of virtual assets, internal controls, suspicious transaction reporting, use of technology in compliance and the legal framework for breaches and penalties. The ministry also developed a system to assess and classify risks in these sectors and to standardise procedures for the national assessment file.
Policy & regulationGuidance & interpretationAML and CFTCompliance
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2026-05-07•Global•International Monetary Fund
The IMF Executive Board concluded its Article IV consultation with Antigua and Barbuda, noting continued economic expansion, easing inflation and a projected decline in public debt to 68 percent of GDP in 2025, but warning that persistent arrears and high gross financing needs still weigh on debt sustainability. Directors called for a credible arrears strategy, stronger cash and debt management, broader tax bases with fewer exemptions, restrained current spending, better-targeted social assistance and stronger fiscal institutions, while assessing the financial system as stable and liquid and urging enhanced risk-based supervision, provisioning, capital positions and AML/CFT and Citizenship-by-Investment frameworks.
Policy & regulationInternational standards & recommendationsEconomic data and developments
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund concluded its 2026 Article IV consultation with St. Kitts and Nevis, stressing that continued fiscal consolidation is critical amid falling Citizenship-by-Investment revenue, a wider fiscal deficit and rising public debt, although debt remains sustainable. It recommended moderately frontloaded consolidation focused on expenditure rationalization, revenue mobilization, fiscal rules anchored to the 60 percent of GDP debt benchmark, a Sovereign Wealth Resilience Fund and parametric Social Security reform. The banking system was assessed as broadly stable but vulnerable, with priorities including resolving legacy nonperforming loans, strengthening provisioning, reducing portfolio risks, reforming the Development Bank and enhancing non-bank oversight.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund has completed the main mission for a Governance and Corruption Diagnostic in Nepal, aimed at identifying macro-critical governance weaknesses and designing sequenced reforms to address corruption risks. An IMF team from the Fiscal Affairs, Monetary and Capital Markets, and Legal departments assessed vulnerabilities in public financial management, tax and customs administration, financial sector oversight, anti-money laundering, rule of law, and oversight institutions, engaging with authorities and non-government stakeholders. A draft report with findings and a reform plan will be shared with the Nepali authorities for input, with publication subject to their consent.
Policy & regulationImplementation, projects & pilotsCapacity building
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2026-05-07•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held a press conference on its Board decision regarding the parameters of the interest rate corridor. Governor Taleh Kazimov presented information on the inflation environment and forecasts, economic growth, the balance of payments and monetary conditions, followed by a question and answer session with media representatives.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Canada•Payments Canada
Payments Canada published a recap of the 2026 Payments Canada SUMMIT, where over 2,300 delegates discussed real-time payments, artificial intelligence, cross-border payments, open banking, digital assets and fraud, with leadership emphasizing secure, efficient innovation as a shared responsibility for Canada’s competitiveness. Announcements included Neo Financial joining as a payment service provider member, Visa launching an “agentic ready” program and selecting Wealthsimple for a stablecoin pilot, and a Visa Canada–RemitBee cross-border payments partnership.
OtherCross-border paymentsOpen banking and financeArtificial intelligence
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2026-05-07•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua (BCN) held its Monetary Reference Rate at 5.75%, citing continued domestic growth, low and stable expected inflation, and balanced macroeconomic conditions. The one-day Monetary Repo and Monetary Deposit window rates remain at 7.00% and 4.50%, respectively.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission held an informational meeting on new reporting regimes for clearing and settlement agents (ALyCs) covering securities lending and borrowing, financial indebtedness, and open futures and options positions. Under General Resolutions No. 1094, 1113, 1122 and 1130, certain ALyCs must also report monthly foreign currency holdings, liquidity and leverage indicators, and comply with prudential liquidity and leverage limits to enhance supervision and risk detection.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-07•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission has issued guidance confirming that in-scope counterparties under EMIR 3.0 must submit their first active account report by 31 July 2026, including backlog data evidencing compliance since 25 June 2025. Consob clarifies that Commission Delegated Regulation (EU) 2026/305 only determines when its templates become mandatory and does not alter the July 2026 reporting expectation, and instructs intermediaries to use ESMA’s electronic templates and, where needed, attach methodological notes to address interpretive uncertainties.
Policy & regulationGuidance & interpretationCCPs
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2026-05-07•Europe•European Commission
The European Commission detailed EU support for a JOD 10 million (USD 14.1 million) EBRD loan to Aqaba Digital Hub in Jordan to expand the country’s largest Tier 3 carrier-neutral data centre, with Capital Bank of Jordan as a parallel lender. EU backing includes a first-loss guarantee under the European Fund for Sustainable Development Plus Digital Transformation Platform, a complementary grant from the EBRD’s Finance and Technology Transfer Centre for Climate Change, and technical assistance for the Aqaba Digital Academy to deliver ICT and cybersecurity training focused on women and young people.
Policy & regulationImplementation, projects & pilotsSME financing
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2026-05-07•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated Iraq’s Deputy Minister of Oil Ali Maarij Al-Bahadly, three senior militia-linked figures, and four Iraqi companies for allegedly exploiting Iraq’s oil sector to finance Iran-linked militia activity. The network is accused of diverting Iraqi oil, mixing Iranian and Iraqi supplies, falsifying origin documents, and using commercial fronts for oil smuggling and weapons procurement. The designations under Executive Orders 13902 and 13224 block property under U.S. jurisdiction and may expose foreign financial institutions that knowingly facilitate significant transactions for them to secondary sanctions.
EnforcementSanctions & designationsNew sanctions designations
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2026-05-07•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury said Secretary Scott Bessent met state insurance commissioners and the National Association of Insurance Commissioners to discuss the U.S. life insurance sector, including private credit markets, offshore movement of life and annuity reserves, and regulatory responses. Treasury and the commissioners agreed to continue engagement on the NAIC’s work on risk-based capital, private letter ratings, offshore reinsurance jurisdictions and oversight of evolving business models, with Bessent emphasizing regulation that supports innovation while managing risk.
Policy & regulationCooperationPrudential risksMarket development
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2026-05-07•Europe•European Central Bank
The European Central Bank’s Isabel Schnabel warned that central bank independence is increasingly threatened by fiscal dominance from rising public debt and financial dominance from renewed deregulation and risk migration. She argued that preserving the ability to prioritise price stability requires credible fiscal frameworks, robust prudential rules and strict adherence to central bank mandates, with tools such as the 2022 Transmission Protection Instrument used to contain fragmentation without easing policy.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-07•Europe•European Banking Authority
The European Banking Authority has issued a final report amending its Guidelines on the definition of default, mainly targeting non-recourse factoring and alignment with the Capital Requirements Regulation as amended by CRR 3. Key changes include extending the specific technical past-due treatment for non-recourse factoring from 30 to 90 days, updating terminology to reflect CRR 3, and retaining the 1% net present value loss threshold for default recognition in debt restructuring, with no changes to the one-year probation period or moratoria rules.
Policy & regulationGuidance & interpretationCredit risk
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2026-05-07•Europe•European Banking Authority
The European Banking Authority has launched a public consultation on draft amendments to technical standards for assigning risk weights to specialised lending exposures under the Supervisory Slotting Criteria Approach, updating the framework for the revised Capital Requirements Regulation. The proposals introduce environmental, social and governance risk drivers, clarify the treatment of unfunded credit protection, strengthen documentation and validation requirements, and revise annex criteria, including new sub-factors on refinancing, corruption, governance, tranched exposures, transportation and commodity price risks.
Policy & regulationRules & requirementsCredit risk
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2026-05-07•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has announced that Kanda Products and Services Ltd, an authorised credit broker with around 700 introducer appointed representatives, entered liquidation on 6 May 2026, with Joint Liquidators appointed from FRP Advisory Trading Limited. Kanda had previously agreed a voluntary requirement in February 2026 restricting new appointed representative appointments due to systems and controls weaknesses. The Joint Liquidators will manage the firm’s affairs, and the FCA will continue to engage with them to seek the best outcome for consumers.
SupervisionAuthorisations & approvalsRecovery and resolution
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2026-05-07•Poland•Ministry of Finance (Poland)
Poland’s Ministry of Finance reported on Eurogroup and ECOFIN meetings focused on the Savings and Investments Union, the economic and financial impact of Russia’s aggression against Ukraine, and the Middle East conflict’s consequences for the EU economy and energy security. Poland advocated stronger EU energy resilience through supply chain diversification and strategic reserves, supported proportionate reforms to enhance the European Securities and Markets Authority’s effectiveness and supervisory remit, and noted agreement to grant the European Public Prosecutor’s Office and the European Anti-Fraud Office access to EU-level VAT data to combat tax fraud.
Policy & regulationReform agendas & prioritiesOther
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2026-05-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York published a Community Development report finding that 55 million U.S. households that struggle to afford basic necessities also face limited access to affordable credit, accounting for 42% of U.S. households. Using regional data, the report links better access to affordable credit in low-income counties to higher median incomes, employment, homeownership, and educational attainment, and highlights elevated credit stress indicators in low-income areas, particularly rural communities.
ResearchCredit riskFinancial inclusion
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2026-05-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York’s April 2026 Survey of Consumer Expectations shows one-year-ahead inflation expectations rising to 3.6%, with three- and five-year expectations steady at 3.1% and 3.0%. Respondents reported sharply lower expected gas price growth, softer home price expectations, slightly higher expected earnings growth, increased perceived unemployment risk, and worsening views on credit access. Expected spending growth rose while expected income growth eased, and the perceived probability of missing a minimum debt payment over the next three months fell to its lowest level in over two years.
Data & statisticsEconomic data and developments
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2026-05-07•Indonesia•OJK
The Indonesia Financial Services Authority reported that the Financial System Stability Committee judged Indonesia’s fiscal, monetary and financial conditions to be stable in the first quarter of 2026 despite global volatility, with GDP growth of 5.61% year on year and April inflation at 2.42% within target. Bank Indonesia kept its policy rate at 4.75% and tightened some foreign exchange thresholds. OJK highlighted solid banking indicators and announced capital market transparency measures, including enhanced shareholding disclosures, a 15% minimum free float and ultimate beneficial owner reporting for holdings of 10% or more. Authorities also adjusted credit reporting thresholds, extended special treatment for disaster-affected debtors, issued a 2026–2031 bullion ecosystem roadmap with rules for gold-backed exchange-traded funds, and continue to finalise implementing rules under the P2SK Law.
SupervisionRisk monitoring & watch pointsEconomic data and developmentsFinancial stability and systemic risk
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2026-05-07•Monaco•Ministry of Finance & Economy (Monaco)
Monaco’s Ministry of Finance and Economy outlined the next phase of its strategy against money laundering, terrorist financing, proliferation financing and corruption after the first meeting of the Coordination and Monitoring Committee. Priorities include reviewing the legislative and regulatory framework, preparing a third national risk assessment, improving statistical data collection and continuing work on the fourth Financial Action Task Force progress report ahead of a future MONEYVAL evaluation. The Minister of State also confirmed continuity of the reform programme with the appointment of new Finance and Economy Minister Frédéric Cottalorda.
Policy & regulationReform agendas & prioritiesAML and CFT
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2026-05-07•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance reported a 9.2% year-on-year rise in industrial output in the first quarter, driven by a 40.6% jump in electricity and gas supply and 1% growth in manufacturing. Strong gains in fabricated metal products and food production contrasted with declines in wood processing, beverages, and machinery repair. Record hydro and solar generation made March the first month in a year in which Latvia was a net electricity exporter. The ministry noted only a slight softening in industrial confidence and said that, if geopolitical risks do not intensify, manufacturing could grow by 2% to 3% in 2026.
Data & statisticsEconomic data and developments
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2026-05-07•Central African Republic•Banking Commission of the Central African Republic
The Banking Commission of the Central African Republic published a press release on the 6 May 2026 meeting of the governors of the Central Bank of West African States and the Bank of Central African States.
Policy & regulationCooperationCross-border cooperation
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2026-05-07•Global•World Bank
The World Bank has signed a partnership framework with the United Arab Emirates Ministry of Investment to support an investment reform agenda aimed at enhancing the predictability, transparency and international competitiveness of the UAE’s investment environment. The framework will leverage World Bank expertise to strengthen institutional foundations, support the UAE’s National Investment Strategy and build on a 2019 agreement with the Ministry of Finance, with the UAE targeting a doubling of annual foreign direct investment to USD 65 billion by 2031.
Policy & regulationCooperationOther
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2026-05-07•Global•World Bank
The World Bank, through the International Bank for Reconstruction and Development, has priced an AUD 2 billion five-and-a-half-year Sustainable Development Bond due November 14, 2031, to finance eligible sustainable development activities in developing countries. The bond carries a 5.00% fixed coupon, was re-offered at 99.924% for a 5.016% semi-annual yield, priced at 34.75 basis points over the Australian government bond due November 2031, and attracted over AUD 6.5 billion in orders from more than 80 investors across Australia, EMEA, the Americas, and Asia.
Other
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund warns that advances in artificial intelligence are increasing the scale and speed of cyberattacks on the financial system and could turn extreme cyber incidents into macro-financial shocks. It urges supervisors to treat cybersecurity as a core financial stability issue by strengthening resilience standards, oversight of systemic transmission channels, and public-private coordination, while noting that AI can also enhance cyber defenses if supported by appropriate investment, governance, oversight and cooperation.
ResearchCyber resilienceArtificial intelligence
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2026-05-07•Global•OECD
The Organisation for Economic Co-operation and Development's Economic Survey of New Zealand forecasts gross domestic product growth of 1.4% in 2026 and 2.3% in 2027, with domestic demand still weak despite support from lower interest rates and exports. It urges continued fiscal consolidation and pension reform to address ageing-related costs. The report also calls for electricity market reforms and deeper capital markets to improve energy security, affordability and business financing.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-07•Greece•Bank of Greece
The Bank of Greece reported that the 2025 travel services surplus rose 8.0% year-on-year to EUR 20,287.8 million, driven by a 9.4% increase in travel receipts to EUR 23,626.8 million as inbound non-resident traveller flows and average expenditure per overnight stay increased. Receipts grew from both European Union (27) residents and other countries, with notable gains from the United Kingdom, the United States and Germany, while Attica recorded the highest number of visits and the Southern Aegean the largest shares of total travel receipts and overnight stays.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of its 7 May 2026 foreign exchange purchase intervention auction, in which nine participants had bids satisfied between USD 100,000 and USD 8.49 million. The weighted average exchange rate was 9.3722 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-07•Ghana•Bank of Ghana
The Bank of Ghana’s Second Deputy Governor Matilda Asante-Asiedu said the central bank requires all banks to maintain dedicated women banking desks and is developing an evidence-based policy framework with international partners to close gender gaps in credit access and expand targeted digital financial services for women-led enterprises. She highlighted that women own 44% of SMEs in Ghana and have 81% account ownership but less than 10% of women-led MSMEs access formal credit, and said the Bank of Ghana will continue investing in interoperable payment systems, cross-border trade connectivity, cybersecurity and consumer protection while urging lenders to use alternative data and better tailor products to women’s cash flow needs.
Policy & regulationRules & requirementsFinancial inclusionMarket development
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2026-05-07•United Kingdom•Open Banking Limited
Open Banking Limited has appointed former Financial Conduct Authority General Counsel Sean Martin as an Independent Non-Executive Director as it prepares for anticipated 2026 secondary legislation giving the FCA oversight of open banking and supporting implementation of a Long-Term Regulatory Framework and transition to a Future Entity. Martin brings extensive regulatory and government legal experience, following the addition of Rt Hon John Glen MP as an Independent Non-Executive Director in February 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-07•Norway•Department of Finance (Norway)
The Norwegian Department of Finance has published a letter from the finance minister to the European Commissioner for Financial Services and the Savings and Investments Union in response to the European Commission’s review of banks’ operating framework. The letter welcomes simplification of the regulatory framework but stresses that changes must maintain strong banks and preserve banking system resilience, and the department has also released its April responses to questions in the Commission’s consultation.
Policy & regulationInternational standards & recommendationsRegulatory burden
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2026-05-07•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published March 2026 statistics showing net new loans rose to EUR 495.3 million from EUR 328.7 million, with increases across all main loan categories and the largest rise in lending to non-financial corporations above EUR 1 million. Deposit rates for households and non-financial corporations remained low, with the bank noting weak pass-through on new deposit rates relative to most euro area countries. The share of variable-rate lending continued to decline, with variable-rate house purchase loans falling to 12.2% and the overall variable-rate share for new household and corporate loans dropping to 61.5%, below the euro area median.
Data & statisticsMonetary data
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2026-05-07•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has warned that an unauthorised third party is falsely claiming a business relationship and underwriting arrangements with Stelai Insurance ICC Ltd, a Commission-licensed international general insurer. The third party has used Stelai Insurance ICC Ltd’s details and the Stelai group’s logo on its website, but Stelai has confirmed there is no association or business relationship and that such representations are unauthorised. The Commission urges anyone seeking to conduct business with Stelai Insurance ICC Ltd to verify they are dealing with the genuine firm.
SupervisionAlertsLicence withdrawal
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2026-05-07•Moldova•National Bank of Moldova
The National Bank of Moldova reported official reserve assets of EUR 5,209.83 million on 30 April 2026, down EUR 56.71 million month-on-month, while net foreign assets fell EUR 55.90 million to EUR 5,182.64 million. The decline was mainly driven by depreciation of reserve currencies against the euro, external public debt service payments, and net foreign exchange sale interventions, partly offset by income from reserve management and external receipts for the Ministry of Finance. Since end-2025, official reserve assets and net foreign assets have risen by EUR 105.57 million and EUR 108.00 million respectively.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has published a presentation with slides and audio outlining practical considerations for firms on proliferation financing and targeted financial sanctions risks, including sanctions frameworks, regulatory responsibilities, risk assessments, and firms’ roles. The material elaborates on sanctions-related obligations under the AML/CFT Code 2019, covering due diligence, sources of risk, onboarding, screening, training and monitoring, and stresses that sanctions due diligence must go beyond name screening to ownership and control, fronting arrangements and scrutiny of product end-users and end-uses.
Policy & regulationGuidance & interpretation
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2026-05-07•France•France Autorite des marches financiers
The French Financial Markets Authority has approved professional rules extending the updated AFG code of conduct on third-party asset management, effective 4 July 2025, to all investment services providers that are not AFG members and conduct collective investment and/or portfolio management for third parties. For providers other than portfolio management companies, the anti-money laundering and counter-terrorist financing provisions do not apply, as these matters fall under the Prudential Supervision and Resolution Authority.
Policy & regulationRules & requirementsOther
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2026-05-07•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has extended the transitional permission for external credit assessment institutions to use credit ratings that assume implicit state support when assigning risk weights under the standardized approach for credit risk until 1 January 2027. The extension aligns the Danish regime more closely with the broader transition period permitted under Article 495e of CRR III, which allows such ratings to be used until 31 December 2029.
Policy & regulationRules & requirementsCredit ratings
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2026-05-07•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has published a report on diversity in the leadership of 25 Danish credit institutions, finding that progress at board and executive management level remains slow and that men remain overrepresented, particularly in chief executive officer and board chair roles. A supervisory review of seven institutions shows more balanced gender representation among employee-elected board members, rising average leadership age, and a predominance of banking backgrounds in executive management, while diversity efforts are anchored in boards and executive management through policies, targets, talent development, recruitment measures, and reporting.
SupervisionReviews, inspections & stress testsDiversity and inclusion
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2026-05-07•Europe•European Central Bank
The European Central Bank has published a working paper analysing temporary cross-border labour migration in a two-country dynamic stochastic general equilibrium model calibrated to older and newer EU Member States. The research finds that temporary migration can materially alter business cycle dynamics by amplifying output and employment volatility in receiving economies, moderating wage pressures, and dampening productivity shocks in sending economies while increasing macroeconomic interdependence through labour reallocation and remittances. The paper is research and does not represent the ECB’s views.
ResearchCross-border payments
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2026-05-07•Europe•European Central Bank
The European Central Bank has published a Working Paper analysing how different natural gas market shocks transmit to euro area inflation expectations and realised inflation using a weekly Bayesian vector autoregressive model for 2018–2024. It finds that pipeline supply and industrial demand shocks were the main drivers of market-based headline and core inflation expectations, while liquefied natural gas supply shocks, despite affecting gas prices and realised inflation, were less reflected in inflation-linked swap pricing. The paper concludes that precautionary demand played a larger role in the 2021–2023 energy crisis than previously thought and that euro area gas market developments need to be assessed in a global framework.
ResearchNature-related risk
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2026-05-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with Mastercard to expand non-cash and digital payments, focusing on digital transformation, national payment infrastructure, and completing the legal framework. The bank plans to upgrade payment, financial switching and clearing systems, enhance interoperability, expand bilateral QR code links, and promote e-payments in key public sectors. Mastercard will boost cooperation and investment in Vietnam, especially with banks and SMEs, and provide security and fraud prevention solutions.
Policy & regulationReform agendas & prioritiesPayments and payment systemsMarket development