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2026-04-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and The Hong Kong Association of Banks have established the Northern Metropolis Financial Advisory Taskforce to explore financing solutions for development of Hong Kong’s Northern Metropolis. The Taskforce, comprising the authorities and 15 banks with large-scale project financing experience, with the Chinese Banking Association of Hong Kong as observer, will advise on financing and banking services, assess opportunities and needs, and propose recommendations to strengthen banking sector support for key initiatives.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-04-22•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency published a recap of its annual student debate, held with the Croatian National Bank and universities, on “Finance in the era of Instagram and TikTok: knowledge or hype?”. Participants concluded that social media can be a useful entry point for financial education but stressed the need for critical assessment, verification of information and greater responsibility by both content creators and users.
Financial literacy & educationFinancial literacy and education
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2026-04-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued an alert highlighting recent scams reported by five banks involving fraudulent websites, fake internet banking login screens and phishing emails. It reiterated that banks do not send embedded hyperlinks for transactions or request sensitive information such as passwords or One-Time Passwords by phone, email or SMS, and advised affected individuals to contact their bank and the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-04-22•Chile•Chile Financial Market Commission
The Chile Financial Market Commission published remarks by Chairwoman Catherine Tornel outlining a regulatory simplification approach based on continuous review, principles-based foundations, and balancing prudential, market conduct and development mandates. She emphasised simple, proportionate rules grounded in cost-benefit analysis, aligned with international standards yet tailored locally, stronger inter-agency coordination, and the CMF’s collegial governance, including Senate-ratified Commissioner Osvaldo Adasme. Tornel also prioritised ex-post impact studies of regulations, leveraging internal research and academic cooperation subject to information security and privacy safeguards.
Policy & regulationGuidance & interpretationRegulatory burden
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2026-04-22•Spain•Bank of Spain
The Bank of Spain published preliminary monthly statistics showing Spanish Public Administrations’ debt under the Excessive Deficit Procedure at 101.2% of GDP in February 2026, 1.3 percentage points lower than a year earlier, with the nominal stock rising 4.7% year on year to EUR 1.723 trillion. By subsector, State debt reached EUR 1.573 trillion (92.4% of GDP), Autonomous Communities EUR 346 billion (20.3%), Local Corporations EUR 21 billion (1.2%), Social Security EUR 136 billion (8.0%), and other central government units EUR 34 billion (2.0%), with consolidation within general government at EUR 386 billion.
Data & statisticsBalance of payments and other external statistics
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2026-04-22•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority hosted its third Insurance-linked Securities Conference, convening over 120 institutional investors, reinsurers, insurers and professional service providers to exchange insights and foster partnerships. Chairman Stephen Yiu highlighted rising institutional demand for ILS amid market uncertainty and positioned Hong Kong as well placed to promote alternative risk transfer tools, citing its open financial market, connectivity with the Chinese Mainland and sizeable family office presence. The programme featured panels on global and Asian ILS ecosystems, ILS in institutional portfolios and practical experience addressing common misperceptions.
OtherSecurities offerings and listings
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2026-04-22•Iraq•Central Bank of Iraq
The Central Bank of Iraq’s Information Security Department held a workshop on governance, risk management and compliance, highlighting GRC as a core pillar for improving institutional efficiency and effectiveness. The workshop covered governance in decision-making, foundations of cyber risk management linked to information security, and the role of information security in supporting GRC and compliance with relevant systems, instructions and legislation within financial institutions.
Institutional developmentCooperation & capacity building
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2026-04-22•Vietnam•Vietnam State Securities Commission
Vietnam’s Ministry of Finance and the Vietnam State Securities Commission published a consolidated table of stakeholder comments and regulatory responses on a draft circular governing surveillance for greenhouse gas emission allowances and carbon credits traded on the domestic carbon exchange. The draft circular also sets out the reporting regime for the stock exchange and the Vietnam Securities Depository and Clearing Corporation to the Commission on domestic carbon exchange activities.
Policy & regulationGuidance & interpretationCarbon marketsClimate risk and sustainable finance
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2026-04-22•Liechtenstein•Finance Liechtenstein
Finance Liechtenstein reported that a delegation led by Financial Market Authority Chairman Mario Gassner attended the IMF’s 2026 Spring Meetings in Washington, D.C., focusing on economic and financial developments and international cooperation. The delegation held technical discussions with IMF staff on Liechtenstein’s macroeconomic developments, financial stability, regulatory and supervisory issues, and follow-up on Article IV recommendations, plus bilateral meetings on challenges for small, open economies. Sessions also addressed expanding Liechtenstein’s macroeconomic statistics, and Gassner joined International Monetary and Financial Committee and Swiss constituency meetings on global risks, financial stability and the IMF’s strategic direction.
SupervisionCooperationCross-border cooperationFinancial stability and systemic risk
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2026-04-22•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank has implemented a Single Resolution Board decision to adjust credit institutions’ individual ex ante annual contributions to the Single Resolution Fund, approving a positive adjustment of BGN 0.33 thousand and transferring this amount to the Fund. Acting under national recovery and resolution legislation, the Governing Council approved the adjustment to the relevant sub-fund, which is deducted from credit institutions’ 2023 ex ante contribution obligations.
Policy & regulationRules & requirementsCCPs
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2026-04-22•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina published an information package, including tables and charts, on entities in the Federation’s banking system as at 31 December 2025. The package provides statistical data on the structure and status of the banking sector at year-end 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with the Industrial Bank of Korea to discuss banking cooperation following the licensing of IBK Vietnam as a 100% foreign-owned bank. The central bank urged IBK Vietnam to expand comprehensive financial services to Korean firms and Vietnamese small and medium-sized enterprises, promote Vietnam’s investment environment, and support supply chain finance and Vietnamese participation in global value chains.
Policy & regulationCooperationCross-border cooperation
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2026-04-22•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has revoked the authorisation of a state-authorised auditor after identifying gross, pervasive breaches of audit requirements, including recurring failures to obtain sufficient evidence and issuing confirmations without adequate basis. The supervisory report highlights systemic documentation weaknesses, lack of professional scepticism, misleading confirmations in a law firm engagement involving NOK 2–4 million transfers, inadequate work on client money controls, and major shortcomings in 2024 audits of revenue and project accounting.
SupervisionAuthorisations & approvalsAuditing
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2026-04-22•Global•Bank for International Settlements
The Bank for International Settlements published a BIS Bulletin on euro area investment funds’ US dollar risk, finding bond funds keep high, stable hedge ratios near full hedging, while equity funds’ ratios are lower, more volatile and consistent with opportunistic speculation. Bond fund hedging is driven mainly by hedging costs and dollar strength, whereas equity fund hedging co-moves with non-commercial currency futures positioning and sometimes implies over-hedging. Equity funds’ rapid ex post hedging around the 2 April 2025 “Liberation Day” episode likely amplified dollar depreciation. Before April 2025, low-hedged equity funds outperformed and drew stronger inflows, but this reversed after the shock in favour of more highly hedged funds.
ResearchCurrency and cash management
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2026-04-22•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan supported interactive cybersecurity risk management training for financial sector participants, delivered with Estonia’s e-Governance Academy under a European Union-funded initiative to enhance cyber resilience in Eastern Partnership countries. The programme covered the cyber threat and risk landscape, regulatory and digital operational resilience requirements, and modern approaches to cyber risk management, including oversight, coordination and cross-sector cooperation.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2026-04-22•Moldova•National Bank of Moldova
The National Bank of Moldova’s Executive Committee has designated BC “MAIB” S.A., BC “Moldindconbank” S.A., OTP Bank S.A. and B.C. “Victoriabank” S.A. as other systemically important institutions and set corresponding capital buffer rates. The O-SII buffers are 1.5% for MAIB, 1.0% for Moldindconbank, and 0.5% for OTP Bank and Victoriabank, to be reviewed at least annually.
Policy & regulationRules & requirementsFinancial stability and systemic risk
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2026-04-22•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative and the Global Reporting Initiative outlined how biodiversity loss is becoming a systemic financial risk and why comparable, decision-useful nature-related corporate reporting is central to banks’ and insurers’ risk assessment, portfolio analysis and client engagement. The article highlighted growing supervisory and policy momentum, persistent data and methodological constraints, and recent developments including Taskforce on Nature-related Financial Disclosures guidance, GRI’s updated Biodiversity Standard and UNEP FI’s work on location-specific and value-chain metrics. It noted that the International Sustainability Standards Board has advanced its biodiversity project to standard-setting and that GRI plans Financial Services Sector Standards in 2026.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable financeDisclosures
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2026-04-22•Europe•European Central Bank
The European Central Bank published an interview with Executive Board member and Supervisory Board Vice-Chair Frank Elderson, who said the ECB’s price stability, financial stability and sound banking mandates require it to factor climate and nature risks into monetary policy and supervision, while climate policy remains for elected governments. He noted existing climate-related operational measures and said the operational framework review will assess using similar tools more structurally. Almost all directly supervised banks have now mapped their climate and nature risk exposures, though gaps remain. Elderson also urged swift, full Basel IV implementation, completion of the banking and capital markets unions including a single European deposit guarantee scheme, and stronger transparency and supervision for private credit and the wider non-bank financial sector.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2026-04-22•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan published March 2026 statistics for the Taipei foreign exchange market, reporting total net trading volume of USD 1,011.1 billion and average daily turnover of USD 46.0 billion after eliminating interbank double counting. Transactions between banks and customers accounted for 76.6% of volume, New Taiwan dollar versus foreign currency trades represented 43.2% of activity led by NTD/USD, and foreign exchange swaps remained the largest product at 52.3% of turnover.
Data & statisticsForeign exchange policy and markets
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2026-04-22•Türkiye•Central Bank of Türkiye
Central Bank of Türkiye kept the one-week repo rate at 37 % (overnight corridor 35.5 %–40 %), noting an imminent uptick in underlying inflation, volatile energy prices and slowing activity. The MPC will sustain tight policy, use corridor, liquidity and macroprudential tools to ensure transmission and stands ready to tighten further until inflation converges to its 5 % medium-term target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-04-22•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance convened its third advisory committee on expanding foreign securities investment, detailing foreign exchange and capital market reforms to improve equity-market access and support potential MSCI Developed Market Index inclusion. Measures include allowing global custodians and asset managers to open settlement accounts for underlying funds, adopting legal entity identifier-based verification and account structures, easing notarisation and agent requirements, and reducing duplicative Naked Short Selling Detection System reporting. Advisers backed the reform pace but urged monitoring of operational frictions and liquidity risks, with the ministry planning further refinements and enhanced market communication.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-04-22•Bolivia•Ministry of Finance (Bolivia)
Bolivia’s Ministry of Finance, together with the Attorney General’s Office and pension authorities, responded to a final ruling by the Supreme Court of the Netherlands confirming Bolivia must pay about USD 105 million to BBVA under an ICSID award tied to pension fund nationalisation. Officials blamed prior administrations and announced audits of arbitration processes, a review of legal-administrative weaknesses and transitions, and measures to identify those responsible to recover losses and limit economic impact. The Public Pension Fund Manager said pension funds remain independent, protected, and unaffected.
EnforcementInvestigations & enforcement actionsOther
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2026-04-22•United Kingdom•Financial Conduct Authority
The UK Financial Conduct Authority has conducted its first joint operation with HM Revenue & Customs and the South West Regional Organised Crime Unit to disrupt illegal, unregistered peer-to-peer crypto trading across multiple London locations, issuing cease and desist letters at eight premises. Evidence from the inspections is feeding into ongoing criminal investigations, with the authority stressing there are currently no FCA-registered peer-to-peer crypto traders or platforms in the UK and that its action is taken under the Money Laundering Regulations 2017.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-04-22•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has finalised Phase 1 reforms to the Senior Managers and Certification Regime, amending multiple Rulebook Parts and supervisory statements to streamline processes while maintaining accountability for all PRA-authorised firms and relevant Change in Control cases from 24 April 2026. Key changes include revised operation of the 12-week rule, extended Senior Manager Conduct Rules, clarified expectations for Group Entity Senior Manager roles and SMF7, exemptions for certain resolution officials, and adjustments to Statements of Responsibilities, Management Responsibility Maps, regulatory references and criminal record checks. Most measures take effect in April 2026, with system changes for Forms A and E deferred to 10 July 2026, and a further consultation on more extensive Phase 2 reforms signalled.
Policy & regulationRules & requirementsCorporate governance
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2026-04-22•Indonesia•Bank Indonesia
Bank Indonesia kept the BI-Rate at 4.75% (Deposit 3.75%, Lending 5.50%), pledging intensified spot/DNDF/offshore NDF intervention, liquidity expansion and selective SBN purchases to defend the rupiah and hold 2026-27 inflation within the 2.5 ± 1 % band amid a weaker global backdrop. After 150 bp of cumulative easing since September 2024, the central bank will keep domestic yields attractive and said it stands ready to tighten if currency or price stability come under pressure.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-04-22•South Africa•South African Reserve Bank
The South African Reserve Bank has published a tax white paper and transition milestones to support the move from Jibar to the South African Rand Overnight Index Average (ZARONIA) ahead of Jibar’s discontinuation after 31 December 2026. The paper addresses tax implications of converting legacy Jibar-linked contracts, underpins Market Practitioners Group engagement on possible formal tax guidance, and accompanies the selection of FTSE Russell as prospective administrator of a forward-looking Term ZARONIA and the launch of a “no new Jibar” issuance initiative from 1 May 2026, as detailed in Joint Communication 1 of 2026.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2026-04-22•United Kingdom•Bank of England
The Financial Conduct Authority and the Bank of England’s Prudential Regulation Authority have issued initial Senior Managers and Certification Regime reforms to lower compliance costs and increase flexibility while preserving senior manager accountability. Measures include extended timelines for applications and reporting, reduced overlap in certification functions, narrowed enhanced firm scope through higher thresholds, and streamlined “fit and proper” checks. HM Treasury’s consultation response outlines potential legislative changes to remove the Certification Regime from statute and give regulators more discretion over pre-approval functions, with further consultations on broader reforms planned.
Policy & regulationRules & requirementsRegulatory burden
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2026-04-22•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority referred to the Public Prosecution a suspected violation of Article 31 of the Capital Market Law and Articles 5 and 17 of the Securities Business Regulations involving alleged unlicensed securities advising via a Telegram channel and related fee transfers. The authority reiterated that investors should only deal with authorized capital market institutions and noted that identities of convicted violators will be published, while affected investors may seek contract rescission and recovery of funds through the Committee for the Resolution of Securities Disputes.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-04-22•Russia•Central Bank of Russia
The Central Bank of Russia published its 2025 Analytical Review of the Credit Information System, highlighting increased use of credit history bureau data by individuals and lenders, including a 4% rise in credit reports obtained by individuals. Use of credit history bureau services by microfinance organisations grew sharply, with credit scorings provided to them increasing by a factor of 1.6, and the central bank estimated that in 2025 each RUB spent on a credit report could reduce overdue loans by more than RUB 337.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-22•Russia•Central Bank of Russia
The Central Bank of Russia has updated terms for loans backed by securities or credit claims, revising treatment of non-marketable assets in collateral pools and tightening eligibility thresholds. From 4 May 2026, the Bank may transfer non-marketable assets between credit institutions’ collateral pools in reorganisations, raise the minimum outstanding principal balance of loans accepted as collateral from RUB 2 million to RUB 5 million, and allow withdrawal of requests to increase the value of non-marketable assets via unified electronic messages.
Policy & regulationRules & requirements
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2026-04-22•Lithuania•Ministry of Finance (Lithuania)
The Ministry of Finance of Lithuania announced the election of Thomas Östros as Chairman of the Supervisory Board of ILTE, replacing Daina Klepone, who remains on the board and its Remuneration and Appointments Committee. The leadership change is linked to ILTE’s transformation into a national development bank tasked with mobilising and injecting EUR 6 billion of investment into the Lithuanian economy over four years, operating under bank supervisory requirements and strengthened governance.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-04-22•Finland•Bank of Finland
The Bank of Finland has published its Data Balance Sheet 2025, reviewing the central bank’s data, technology and information management as a complement to its Annual Report. The publication, available in Finnish and English, covers data production and use, information security and data protection, artificial intelligence expansion in public authority and expert work, and current development projects, and includes 22 articles plus key figures from content management, online communications and statistical systems.
Institutional developmentTechnology & data transformationRegulatory reporting
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2026-04-22•Germany•Ministry of Finance (Germany)
The German Federal Ministry of Finance has appointed Tim Armbruster and Alain Demarolle as co-chairs of the Franco-German Taskforce on the Future of Digital Finance. The taskforce will work with public and private stakeholders to promote euro-denominated digital payments and assess the use of distributed ledger technology in financial markets to enhance efficiency, capital market integration and corporate financing in Europe.
Institutional developmentLeadership change & appointmentsCBDCBlockchain and distributed ledger technology
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2026-04-22•Philippines•Department of Finance (Philippines)
The Philippines Department of Finance used the Philippine Executive Forum in San Francisco to promote the country as a destination for high-impact investments, citing policy credibility, macroeconomic stability and resilience to external shocks. Officials highlighted a young English-speaking workforce, a reform-driven environment and priority sectors including semiconductors, electronics, mineral processing, pharmaceuticals, medical devices, agriculture, steel, renewable energy, infrastructure and tourism, plus the Philippines’ strategic partnership with the United States.
OtherMarket development
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2026-04-22•United Arab Emirates•General Pension and Social Security Authority
The United Arab Emirates General Pension and Social Security Authority, together with Gulf Cooperation Council pension and social security entities, has launched a unified awareness campaign on the Unified Extension Protection System for GCC nationals working abroad. The campaign explains cross-border preservation of pension contributions and rights, insurance benefits for insured persons and their families, and statutory obligations of employers and employees, and will be delivered through digital and traditional media, official social channels, and workshops.
Financial literacy & educationOther
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2026-04-22•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission hosted the plenary meeting of IOSCO’s Committee on Regulation of Secondary Markets, bringing together global regulators to discuss extended trading hours, market liquidity and volatility, and measures to strengthen global market resilience. The SFC highlighted its commitment to international standards and cross-border cooperation to support market integrity and investor protection.
Policy & regulationCooperationCross-border cooperationMarket development
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2026-04-22•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission’s Annual Report 2025, Audit Oversight Board Annual Report 2025 and Capital Market Stability Review 2025 highlight 3.2% growth in the capital market to RM4.3 trillion, robust fundraising and no systemic stability concerns. They detail supervisory and enforcement outcomes, including criminal, civil and administrative actions, and confirm intermediaries remain well-capitalised with investment funds resilient to redemption shocks. The Commission will implement initiatives under the Capital Market Masterplan 2026-2030, including revisions to the Malaysian Code on Corporate Governance, enhancements to listing and digital asset frameworks, and measures to support securities tokenisation.
SupervisionReviews, inspections & stress testsActivity and performance reporting
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2026-04-22•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported on Vice Governor Xuan Changneng’s participation in the IMF and World Bank Spring Meetings, including the Global Sovereign Debt Roundtable and the FATF ministerial meeting. Xuan linked Middle East tensions to higher global inflation and financing costs, urged stronger multilateral and private sector roles in sovereign debt restructurings, and called for better global sovereign debt governance and debt sustainability analysis for low-income countries, while stressing FATF’s technical role and closer public‑private coordination on money laundering and terrorist financing.
Policy & regulationCooperationCross-border cooperationAML and CFT
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2026-04-22•Europe•European Central Bank
The European Central Bank published research modelling how central banks should adjust the precision of their communications when markets’ perceived “reputation for confidence” diverges from the bank’s actual uncertainty. Using alternative Federal Reserve FOMC statements, the authors find that communication becomes more precise when confidence is higher or reputation is lower, supporting the theory that central banks may optimally choose deliberate vagueness or extra precision to mitigate market over- or underreaction.
Research
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2026-04-22•Europe•European Central Bank
European Central Bank Executive Board member Philip R. Lane argued that the euro area faces an undersupply of euro-denominated safe assets and that expanding common euro debt could enhance market liquidity, hedging capacity and global trust in the euro. He highlighted the growing resilience but remaining limitations of national sovereign bonds, the role of EU-level issuance and the revised Eurosystem repo facility for central banks, and outlined options including greater joint borrowing and blue bond/red bond structures to increase safe asset supply.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket development
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2026-04-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of Tajikistan reported that its First Deputy Chairman participated in the World Bank Group’s Reserve Advisory and Management Partnership high-level forum on asset management and international reserves in Washington, D.C. Discussions focused on the macroeconomic outlook, sovereign asset management in crisis conditions, strategic asset allocation, risk assessment and the use of digital technologies in reserve management, supporting the adoption of international practices and deeper cooperation with international partners.
Policy & regulationCooperationMarket development
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2026-04-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported the results of a foreign exchange intervention conducted as a USD purchase auction on 22 April 2026. Eight participants submitted satisfied bids ranging from USD 2.22 million to USD 9.00 million at a weighted average rate of 9.4472 TJS per USD.
Monetary policyMonetary policy instruments & operationsOther
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2026-04-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan met with the World Bank Group Treasury’s Reserve Advisory and Management Partnership to discuss strengthening cooperation on international reserve management. The parties focused on expanding collaboration in training, knowledge exchange and capacity building, and considered potential cooperation on external asset management and steps for the National Bank of the Republic of Tajikistan to begin direct investment in government securities.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2026-04-22•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency’s March 2026 report showed broad declines in pension fund and UCITS asset values, linked to negative market developments related to the Middle East crisis, while insurance activity grew. Mandatory pension fund net assets fell to EUR 27.0bn with negative Mirex returns across all categories, and voluntary pension fund assets declined 2.5% to EUR 1.68bn. UCITS net assets decreased 2.8% to EUR 4.1bn amid net outflows, while the Zagreb Stock Exchange recorded a 5.58% fall in the CROBEX index and a 3.1% drop in market capitalisation.
SupervisionRisk monitoring & watch pointsSupervision process and methodologies
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2026-04-22•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets imposed an administrative fine of EUR 297,000 on Arrowstreet Capital, Limited Partnership for structurally misreporting net short positions in Just Eat Takeaway.com and Galapagos between July 2020 and November 2024, resulting in 101 incorrect notifications and 85 inaccurate public disclosures. The fine was reduced in light of Arrowstreet’s self-reporting, remediation, cooperation and preventive measures, and was accepted under a simplified settlement, closing the matter.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-04-22•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji has launched a Confidential Disclosure section on its website for the public to report suspected underground banking and other unlicensed financial services, including virtual asset-related activities. It covers suspected breaches involving unlicensed foreign currency exchange, unauthorised Money Value Transfer Services or remittance channels, virtual asset provision and Virtual Asset Service Provider activities, and the marketing or facilitation of virtual asset products and services, with disclosures submitted via a downloadable form and handled confidentially.
EnforcementWhistleblowingAML and CFTUnlicensed or unauthorized activity
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2026-04-22•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority reported that its chief executive participated in the 20th Annual Meeting of the Union of Arab Securities Authorities Board, which reviewed work under the Union’s 2026 strategic plan and examined guidance on cross-border financial activities, capital flows and market risk practices. The video conference also addressed a multilateral memorandum of understanding on cybersecurity, the Smart Investor Guide, the Union’s 2026-2030 strategic plan and its 2026 action plan.
Policy & regulationCooperationCross-border paymentsMarket risk and volatility
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2026-04-22•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan held a monetary policy seminar outlining its inflation targeting regime and the central role of the policy rate in shaping monetary conditions, borrowing costs, and economic activity. It highlighted the lagged transmission of policy rate changes through the banking system, the importance of inflation expectations, and the need for transparency and clear communication. The Central Bank will continue engaging professional and academic audiences through further seminars and lectures.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2026-04-22•Australia•Department of Treasury (Australia)
Australia’s Department of the Treasury has released an exposure draft Cash Distribution Framework Bill 2026 proposing a new regime to support nationwide access to cash, assigning new responsibilities to the Reserve Bank of Australia and the Australian Competition and Consumer Commission. The RBA would designate key cash distribution entities, set distribution and resolvability standards, and deploy crisis tools including statutory management and compulsory transfers, while the ACCC would regulate pricing and terms for critical services, set service-level standards, and administer an arbitration framework, with potential government funding for continuity of critical services capped at AUD 400 million.
Policy & regulationRules & requirementsCurrency and cash management
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2026-04-22•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE reported that Emiratisation in the banking, financial, and insurance sectors reached 23,364 UAE nationals and a 31% Emiratisation rate as of 31 December 2025, with hiring at around 160% of the annual target and a 97% institutional compliance rate. Emiratisation continued to rise across banking, insurance, exchange houses, finance companies, and insurance-related professions, with notable gains in critical, leadership, and voting committee roles in banking. The update also highlights progress under the “Al Ain Initiative” and other regional employment programmes, alongside extensive training and qualification efforts with the Emirates Institute of Finance and through “Ethraa” programmes and career fairs.
Data & statisticsHiring and recruitment
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2026-04-22•Australia•Council of Financial Regulators
The Council of Financial Regulators and the Australian Competition and Consumer Commission recommend a new regulatory regime for cash distribution focused on critical providers rather than all firms. The package would introduce designation, oversight, crisis resolution, agreement and access powers, regional service standards and enforcement. The agencies dropped the earlier proposal to register all cash distribution providers in response to concerns about burden on smaller firms.
Policy & regulationReform agendas & prioritiesPayments and payment systems
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2026-04-22•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance briefed the OECD Advisory Task Force on the Codes of Liberalisation on recent foreign exchange and capital market rule changes to improve foreign investor access. Measures include raising foreign exchange forward position limits for foreign bank subsidiaries, easing foreign exchange loan rules, permitting integrated foreign accounts, temporarily suspending a foreign exchange stability-related levy, and pursuing reforms linked to potential MSCI Developed Market Index inclusion. The ministry also discussed market-stabilisation responses and signalled continued engagement in international policy discussions.
Policy & regulationRules & requirementsForeign exchange policy and marketsMarket development
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2026-04-22•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank published a speech by Olaf Sleijpen calling for a clear productivity agenda, more predictable policy and deeper European market integration to safeguard living standards amid slowing productivity, ageing, labour shortages and rising fiscal pressures. He argued governments should act mainly as market referees enabling private investment, and backed an ambitious European Savings and Investment Union, further internal market integration and greater regulatory harmonisation to better channel over EUR 10 trillion in household savings and reduce trade barriers within the EU.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-04-22•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has joined a Global Week of Action Against Unlawful Finfluencers with 17 other regulators, focusing on public awareness and legal boundaries around financial promotions. It contacted 14 finfluencers about their obligations, prompting removal of misleading content and some providers scaling back or ceasing services to New Zealanders amid rising “copy trading” promotions involving complex, high‑risk products. The FMA is also publishing social media content, a podcast and updated website guidance to help consumers identify red flags and support finfluencers in communicating responsibly.
Policy & regulationCooperationConsumer and investor protection
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2026-04-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, sent a follow-up letter to executives linked to GSS Data Services, LLC and Goal Solutions Inc. seeking clarity on who hires, supervises, and directs GSS’s work for the National Collegiate Student Loan Trusts amid concerns about protections against predatory student loan servicing. She challenges prior claims that GSS does not assist in loan sales or hire collectors or servicers, citing a 2024 administration agreement suggesting it may enter agreements to fulfill Trust obligations, and requests detailed information on its interactions with servicers and subservicers.
Policy & regulationOther
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2026-04-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs published remarks by Ranking Member Senator Elizabeth Warren warning that a debt-fuelled boom in artificial intelligence investment could pose systemic financial stability risks. She highlighted heavy reliance on private credit and complex debt structures, growing interconnectedness and opacity, and questioned whether AI revenues can scale sufficiently to service projected borrowing. Warren reiterated calls for structural financial reforms, a new digital regulator, and stronger accountability measures to mitigate potential AI-related financial shocks and avoid future bailouts.
Policy & regulationReform agendas & prioritiesArtificial intelligenceFinancial stability and systemic risk
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2026-04-22•Philippines•Central Bank of the Philippines
Bangko Sentral ng Pilipinas raised the target reverse repurchase rate by 25 bp to 4.50 percent, adjusting overnight deposit and lending facility rates to 4.0 percent and 5.0 percent, respectively, and reversing February’s cut. Citing elevated oil- and fertiliser-driven inflation that is now projected to exceed the 4 percent ceiling through 2027, the Board called the move “timely and pre-emptive” and signalled readiness for further data-dependent tightening.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-04-22•South Korea•Bank of Korea
The Bank of Korea published preliminary March 2026 price statistics showing the all-items Producer Price Index up 1.6% month on month and 4.1% year on year, alongside releases of the Domestic Supply Price Index and Total Output Price Index. The Domestic Supply Price Index rose 2.3% month on month (3.7% year on year), while the Total Output Price Index increased 4.7% month on month (9.0% year on year), driven mainly by higher manufacturing product prices.
Data & statisticsEconomic data and developments
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2026-04-21•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has published for consultation Regulation No. 1/26 of 13 April, introducing a new chart of accounts for non-banking financial institutions and collective investment undertakings. The regulation revokes conflicting provisions and expressly repeals Regulation No. 9/16, Regulation No. 10/16 and Instructions No. 001/CMC/03-2020 and No. 002/CMC/03-2020 on the accounting treatment of value added tax.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-04-21•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported that Minister Katayama met Bank for International Settlements General Manager Pablo Hernández de Cos on 20 April 2026. They exchanged views on recent developments in the financial sector, including digital finance.
Policy & regulationCooperationCross-border cooperation
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2026-04-21•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has amended the Cabinet Office Ordinance to exempt certain “venture funds for professionals” from fund audit requirements when conducting “Special Business for Qualified Institutional Investors, etc.” within National Strategic Special Zones under the asset management project framework. The exemption is limited to operators designated as implementing entities in approved regional plans, with a main or other office in the zone and business conducted there, and takes effect on 22 April 2026.
Policy & regulationRules & requirementsOther
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2026-04-21•Japan•Japan Financial Services Agency
The Japan Financial Services Agency published a summary of Finance Minister Katayama’s briefing to the Diet on measures under the Act on Emergency Measures for the Revitalization of Financial Functions, noting no new trustee dispositions, financial gifts or asset purchases for failed institutions during the latest reporting period. Cumulative Deposit Insurance Corporation of Japan financial gifts to bailout institutions total JPY 19.031 trillion and cumulative asset purchases JPY 6,519.2 billion, with government-guaranteed borrowings and related balances of JPY 337 billion as of 31 March.
Data & statisticsRecovery and resolution
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2026-04-21•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated 14 individuals, entities and aircraft in Iran, Turkey and the United Arab Emirates for procuring or transporting weapons and components for the Iranian regime, including networks supporting Shahed-series unmanned aerial vehicles, ballistic-missile inputs and Mahan Air. The action, taken under Executive Orders 13382 and 13224, includes two Boeing 777 aircraft owned by Mahan Air and multiple trading companies and facilitators, with all property within U.S. jurisdiction blocked and U.S. persons generally prohibited from dealings.
EnforcementSanctions & designationsNew sanctions designations
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2026-04-21•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago’s Annual Economic Survey 2025 reported 0.2% real GDP growth in the first nine months of 2025, with a 2.2% rise in energy output offsetting a 0.6% fall in non-energy activity, 1.0% inflation and 4.5% unemployment. The Central Government posted a FY2024/25 deficit of TTD 8.1bn (4.6% of GDP) and adjusted General Government debt of TTD 146.9bn (84.0% of GDP). The external accounts showed a USD 908.2m deficit and reserves declined to USD 5,369.0m (6.3 months of imports) amid Central Bank foreign exchange sales. The repo rate stayed at 3.50%. For 2026, the Bank expects domestic activity to stabilise, supported by new energy production, against a global outlook facing downside risks from the US‑Israel‑Iran war.
ResearchEconomic data and developments
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2026-04-21•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas, in its Q1 2026 Quarterly Market Brief, reported that investor demand for domestic government securities remained strong, with an overall market absorption rate of 109% versus 93% in Q4 2025 on issuance of approximately USD 1.4bn, mainly for refinancing. Treasury bills comprised 93% of issuance and Bahamas Registered Stock 7%, with demand concentrated in shorter tenors and an inverted yield curve alongside a 14 basis point decline in the 30-year yield by end-March 2026.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-04-21•United States•New York State Department of Financial Services
The New York State Department of Financial Services reported on Governor Kathy Hochul’s proposals to lower auto insurance rates by intensifying enforcement against staged crashes and other fraud, enhancing inter-agency coordination, and tightening rules on damages and New York’s no-fault serious injury threshold. Measures include new criminal penalties for organizers of staged accidents, strengthened collaboration with prosecutors, extended timelines for insurers to pursue fraud, and targeted scrutiny of medical providers alleged to facilitate fraud.
Policy & regulationRules & requirementsClaims management
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2026-04-21•Zimbabwe•Securities & Exchange Commission of Zimbabwe
The Securities and Exchange Commission of Zimbabwe published a securities trustees listing for Baker Tilly Trustee Services (Private) Limited. The entry includes the firm's Borrowdale address and the listed senior and contact names.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2026-04-21•United States•The White House
The White House released a recap of President Donald J. Trump’s CNBC interview, in which he discussed Iran negotiations, warned of potential market fallout from Middle East escalation, and questioned the need for NATO support. He endorsed Kevin Warsh to lead the Federal Reserve, reiterated support for rate rises while arguing the United States should have the lowest interest rate, and commented on potential airline mergers, favouring a Spirit Airlines acquisition but opposing a tie-up between American Airlines and United Airlines.
Other
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2026-04-21•San Marino•Central Bank of San Marino
The Central Bank of the Republic of San Marino used its participation in the IMF and World Bank Spring Meetings in Washington to deepen bilateral cooperation with peer central banks and supervisory authorities, focusing on technical cooperation, information exchange, financial education, and climate and environmental risks. Discussions with European counterparts and IMF and World Bank representatives were framed by IMF projections of global growth of 3.1 percent in 2026 and 3.2 percent in 2027, and Global Financial Stability Report warnings on vulnerabilities from high debt and potential asset price corrections.
Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
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2026-04-21•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority approved the information notice for EPE CRAPC EXPERTISE SPA's 15% capital increase. The transaction will be carried out through a public offering of 39,000 new shares to be listed on the growth compartment of the Algiers Stock Exchange equity market.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-04-21•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher J. Waller, in a Brookings Institution speech, urged modernizing Federal Reserve operations by standardizing and centrally leading more Reserve Bank functions while keeping genuinely district-specific activities local. He proposed centralizing platform-based support functions, potentially consolidating some into a small number of operations centers with outsourcing where cost-effective, and called for governance changes that delegate more authority to system function leaders and reduce consensus-based decision-making across the 12 Reserve Banks.
Institutional developmentGovernanceOperational risk and resilience
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2026-04-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, through Deputy Governor Pham Tien Dung, used remarks at the BIDV Leadership Summit 2026 to signal expectations for banks’ digital transformation, including the use of artificial intelligence with strengthened risk management and data governance. The central bank emphasised data-driven decision-making, data security and confidentiality, and compliance with Vietnam’s Personal Data Protection Law and Cybersecurity Law in protecting users’ lawful rights and interests.
Policy & regulationGuidance & interpretationFintech and insurtechMarket development
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2026-04-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has appointed Nguyen Xuan Hai, Deputy Editor-in-Chief of Banking Times, as acting Editor-in-Chief until the position is fully staffed. Banking Times has also been tasked with streamlining its organisational structure, reinforcing its role as the central bank’s communications outlet and policy forum, and enhancing the speed, accuracy and digitalisation of its policy communications.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-04-21•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has launched a securitisation theme page providing an overview of processes and practical information for firms under the Norwegian securitisation framework, in force since 1 August 2025. Finanstilsynet outlines its supervisory approach to traditional and synthetic securitisations, including significant risk transfer assessments, STS compliance checks, notification requirements and its practice for assessing firms’ overall risk and capital needs, with links to relevant regulations and EBA and ESMA resources.
Policy & regulationGuidance & interpretationSecuritization
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2026-04-21•Peru•Central Bank of Peru
The Central Bank of Peru reported that total exports reached USD 8,988 million in February 2026, up 38.2% year on year, mainly due to higher prices. Traditional exports rose 48.8% to USD 7,258 million on stronger prices for gold, copper and lead, while non-traditional exports increased 6.4% on higher volumes of agricultural and fishing products. For January to February 2026, total exports were USD 18,781 million, up 37.6% year on year, with traditional exports up 49.5% and non-traditional exports up 3.9% to USD 3,700 million.
Data & statisticsBalance of payments and other external statistics
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2026-04-21•Croatia•Ministry of Finance (Croatia)
The Ministry of Finance (Croatia) reported that Deputy Prime Minister and Finance Minister Tomislav Coric hosted Italian Ambassador Paolo Trichilo for an inaugural visit, reaffirming close bilateral relations and cooperation in finance, customs and international initiatives. Discussions covered Croatia’s economic developments, implementation of the National Recovery and Resilience Plan, the ministry’s co-chairmanship of the Coalition of Finance Ministers for Climate Action, Croatia’s accession to the Organisation for Economic Co-operation and Development, and the importance of a resilient banking sector.
Policy & regulationCooperationCross-border cooperationClimate risk and sustainable finance
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2026-04-21•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance reported on Superintendent Guillermo Plate’s role, as President of the Association of Latin American Insurance Supervisors, in convening and chairing a high-level regional conference on insurance supervision in Costa Rica, followed by ASSAL’s XXXVII Annual Assembly. Co-organised with the Financial Stability Institute and the International Association of Insurance Supervisors, the conference addressed inflation, market volatility, climate change, natural catastrophe protection gaps and supervisory challenges from insurers’ use of artificial intelligence, while the Assembly presented ASSAL’s first-year management report and ratified the National Association of Insurance Commissioners as an associate member.
SupervisionCooperationSupervision process and methodologies
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2026-04-21•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Banking Committee published Ranking Member Elizabeth Warren’s opening statement opposing Kevin Warsh’s nomination as Federal Reserve Chair and instead calling for oversight of perceived political efforts to pressure the central bank. Warren warned that weakening Fed independence could enable misuse of its authorities, criticised Warsh’s record as a former governor, and noted prior Democratic requests to postpone the hearing pending oversight of alleged probes involving Chair Jerome Powell and Governor Lisa Cook.
OtherLeadership change and appointments
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2026-04-21•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on President Trump’s nomination of Kevin Warsh to serve as Chair of the Federal Reserve System, as the central bank transitions to new leadership. Committee Chairman Tim Scott emphasized the Federal Reserve’s dual mandate and independence, arguing it should focus on its core mission rather than issues such as climate initiatives, and highlighted Warsh’s prior service as a Federal Reserve Governor during the financial crisis as key experience.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-04-21•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Banking Committee Chairman Tim Scott endorsed President Trump’s nomination of Kevin Warsh as Federal Reserve Chair, citing his crisis-management experience and public and private sector background. Scott called for renewed focus on the Fed’s independence and dual mandate, linking monetary policy to long-term economic conditions affecting mortgage rates, homeownership and small business formation within a collaborative framework between the administration, Congress and the central bank.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-04-21•Libya•Central Bank of Libya
The Central Bank of Libya has opened subscription for commercial banks to Issue No. 13-2026 of unrestricted Mudaraba Deposit Certificates, using the same procedures and controls as in earlier issuances and the tenors and maturity dates specified in the announcement.
Monetary policyMonetary policy instruments & operationsOther
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2026-04-21•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee released Chairman French Hill’s prepared remarks for a markup of bills to modernize the financial regulatory framework. Key measures include proposals to roll back certain beneficial ownership reporting, delay and narrow Dodd-Frank Section 1071 small business lending data rules, condition support for International Monetary Fund voting power increases on members’ exchange rate policies, and tighten transparency and conflict-of-interest rules in the proxy advisory and voting process.
Policy & regulationRules & requirementsOther
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2026-04-21•India•Reserve Bank of India
The Reserve Bank of India has issued the Digital Payments – E-mandate Framework, 2026, consolidating prior e-mandate circulars into Directions for recurring domestic and cross-border transactions using cards, prepaid instruments and UPI. It standardises one-time AFA-based registration, issuer-led notifications, and exempts AFA for recurring transactions up to INR 15,000, and up to INR 100,000 for insurance premiums, mutual fund subscriptions and credit card bill payments, with higher-value transactions requiring AFA. It also prohibits charges for the facility, applies existing customer liability rules, and requires issuers and acquirers to ensure dispute redressal and merchant compliance.
Policy & regulationRules & requirementsPayments and payment systems
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2026-04-21•Canada•Alberta Securities Commission
The Alberta Securities Commission has published written reasons for its 19 December 2025 interim order against Midas Vantage Projects (MVP) Lithium Limited, Carolyn Jean Orazietti (also known as Carolyn Jean Beeler), and Vinay Ramachand Iyer (also known as Max Iyer). The panel found sufficient evidence of fraud, prohibited representations about MVP securities, and misleading of Staff, and highlighted the seriousness of the alleged misconduct and potential investor harm while the investigation and hearing continue.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-04-21•Canada•Alberta Securities Commission
The Alberta Securities Commission published a recap of the Joint Forum of Financial Market Regulators’ annual meeting in Montreal, where Canadian securities, insurance and pension supervisors discussed priorities for improving retirement outcomes, including access to high-quality financial advice and coordinated oversight. The plenary featured OECD and National Institute on Ageing research on barriers to effective advice, retirement preparedness beyond pensions, and the impact of rising costs on retirees’ purchasing power, as well as perspectives on the North American political environment and implications for Canada’s financial sectors.
Policy & regulationCooperation
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2026-04-21•Canada•Canadian Securities Administrators
The Joint Forum of Financial Market Regulators, including the Canadian Securities Administrators, held its annual meeting in Montreal to discuss retirement-related consumer and market issues and the need for cross-sector coordination among securities, insurance and pension regulators. Plenary sessions examined barriers to retirees accessing high-quality financial advice, policy approaches to improve retirement decision-making, and broader challenges such as rising costs, retirees’ purchasing power, and cross-sector retirement products and advice.
Policy & regulationCooperationOther
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2026-04-21•United Kingdom•HM Treasury
HM Treasury published the UK Governor’s statement to the World Bank Group and IMF Development Committee, setting out UK priorities for faster, larger-scale and more accountable multilateral responses to global instability, including spillovers from the Iran–Middle East conflict. The UK calls for enhanced World Bank crisis tools and prearranged finance, support for IDA21 and private capital mobilisation, stronger global debt architecture and MDB capital adequacy reform, and sustained climate finance. It also backs strengthened IMF surveillance and program design, welcomes new IMF–IEA–World Bank coordination on the Middle East, and flags upcoming UK-hosted events on global partnerships and illicit finance.
Policy & regulationReform agendas & prioritiesOther
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2026-04-21•United Kingdom•HM Treasury
HM Treasury updated Parliament on the UK government’s economic response to the Middle East conflict, announcing a package to strengthen energy security and mitigate price shocks, including extending the Electricity Generator Levy beyond 2028 and raising the rate from 45% to 55%. The package also sets out further detail ahead of legislation on allowing tiebacks to existing North Sea fields, accelerating renewables deployment, and using the higher levy to support households and businesses and incentivise older low-carbon generators to move to fixed-price contracts.
Policy & regulationRules & requirementsEconomic data and developments
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2026-04-21•West Africa•Central Bank of West African States
The Central Bank of West African States published a note detailing procedures for handling external payments by foreign nationals who have obtained resident status in the West African Economic and Monetary Union. The note is issued pursuant to Article 31 of Regulation No. 06/2024/CM/UEMOA on member states’ external financial relations and Article 2 of its Annex I.
Policy & regulationGuidance & interpretationCross-border payments
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2026-04-21•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario published its 2025 Ontario Pensions Sector Overview and Activities Report, analysing the workplace pension landscape and regulatory activities based on plans supervised as of 31 December 2025. The report notes sector growth, with total pension assets up 5% from 2024, membership rising to 4.8 million, continued diversification across plan types, high compliance with statutory filing requirements, and steps to strengthen oversight of defined contribution plans through enhanced data collection and transparency.
SupervisionRisk monitoring & watch pointsActivity and performance reporting
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2026-04-21•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors found that 85% of assessed members observed or largely observed its standards on reinsurance and other forms of risk transfer. The peer review covered 80 jurisdictions across all IAIS regions.
SupervisionPeer reviews and country evaluationsRisk managementCross-border cooperationPrudential risks
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2026-04-21•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services renewed the “Sáasil” badge for Seguros Monterrey New York Life’s “Vida Mujer” insurance product, recognising it as a women-focused solution combining protection, savings and support for financial autonomy. CONDUSEF highlighted the product’s coverage tailored to women’s specific needs and life stages, and used the renewal to encourage more institutions to design gender-focused products and raise market standards.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
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2026-04-21•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico’s National Banking and Securities Commission published February 2026 capitalisation indicators for the multiple banking sector, reporting an overall capital adequacy ratio of 20.29% and confirming all institutions remain in Category I of its early warning framework, with no solvency-related supervisory actions. The Tier 1 capital ratio stood at 18.41% and the core capital ratio at 17.19%, and all Domestic Systemically Important Institutions met the Basel III-aligned systemic risk capital surcharge.
SupervisionRisk monitoring & watch pointsCapital adequacy
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2026-04-21•Germany•BaFin
The Federal Financial Supervisory Authority (BaFin) has launched Consultation 04/2026 on a draft banking circular specifying the treatment of acquisition, development and construction (ADC) risk positions related to residential real estate. The draft circular is intended to clarify the application of Article 126a of the Capital Requirements Regulation.
Policy & regulationGuidance & interpretationCredit risk
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2026-04-21•Germany•BaFin
The Federal Financial Supervisory Authority (BaFin) has launched a written consultation on a draft circular to incorporate the European Banking Authority guidelines on acquisition, development and construction (ADC) risk exposures to residential property under Article 126a of the Capital Requirements Regulation. The draft circular implements EBA/GL/2025/03 to clarify the supervisory treatment of such exposures, and BaFin intends to notify the European Banking Authority that it will adopt the guidelines into its supervisory practice.
Policy & regulationRules & requirementsCapital adequacy
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2026-04-21•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) delivered a public lecture at the University of Riau on “Digital Financing: Opportunities, Challenges, and Future Prospects” to strengthen financial literacy and inclusion among students, highlighting risks such as personal data misuse and illegal financing. OJK referenced existing laws and regulations on digital and online lending and plans to deepen collaboration with academic institutions and other stakeholders to bolster youth readiness for digital financial services.
Financial literacy & educationFinancial literacy and education
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2026-04-21•Czech Republic•Czech National Bank
The Czech National Bank published its quarterly Bank Lending Survey, which tracks developments in the Czech bank credit market. The survey summarises movements in credit standards, loan terms and conditions, loan demand from households and corporations, and banks’ expectations for future credit market developments.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-21•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation has issued disaster-related guidance providing supervisory and regulatory relief to support recovery in parts of Washington affected by severe storms, linked to FEMA’s April 7, 2026 federal disaster declaration. The guidance, for all FDIC‑supervised institutions, encourages constructive borrower assistance, flexibility on prudent loan workouts, Community Reinvestment Act consideration, reporting and publication requirements, and temporary banking facilities, and reminds banks of relevant Regulation Z and accounting considerations for loan modifications.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2026-04-21•China•China Securities Regulatory Commission
The China Securities Regulatory Commission and seven other national authorities have issued cross-sector Measures for the Administration of Online Marketing of Financial Products, setting unified rules for how financial institutions and commissioned third-party internet platforms may promote financial products online. The Measures impose licensing and geographic scope limits, detailed content and conduct requirements, and tighten outsourcing, data use and platform behaviour, while prohibiting unlicensed online financial marketing and misleading practices. Supervisory responsibilities are allocated across sectoral regulators, with enforcement tools ranging from rectification orders and administrative penalties to referrals for suspected criminal conduct.
Policy & regulationRules & requirementsSales and distribution
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2026-04-21•Global•International Monetary Fund
The International Monetary Fund published a paper on Liechtenstein’s long-term fiscal outlook, projecting cumulative annual spending pressures of around 3.5 percent of GDP by 2050 driven by population aging, the climate transition, and higher security needs. Using a Marginal Abatement Cost Curve framework, demographic modeling, and cross-country benchmarking, the paper attributes most pressures to climate mitigation, adaptation, and pensions, noting that Liechtenstein’s strong fiscal position provides space to address these costs while recommending more systematic integration of long-term projections into budget frameworks.
Research