Article archive

Showing 18,301–18,400 of 51,558 updates · Page 184 of 516

  • 2026-03-31NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank figures show Dutch pension funds shifted EUR 30 billion out of US securities and increased European bond holdings in 2025

    De Nederlandsche Bank reported that in 2025 Dutch pension funds cut United States securities and increased European holdings, especially sovereign and corporate bonds. Net U.S. sales totaled EUR 30 billion, while European securities rose by about EUR 23 billion, driven by German and Spanish sovereign bonds and European corporate bonds from French and Dutch issuers and financial institutions. Globally, pension funds sold EUR 36 billion of equities, including major disposals linked to Japan, Taiwan and the Cayman Islands.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-03-31AustriaAustrian National Bank (OeNB)

    Austrian National Bank launches public dashboard consolidating data and macroprudential analysis on commercial real estate

    The Austrian National Bank has launched a free, interactive commercial real estate dashboard consolidating key data and analysis on Austria’s commercial property market as part of its financial stability work. Complementing its residential real estate dashboard, the tool provides around 50 indicators and over 1,000 time series across supply, demand, market and macroprudential dimensions, including granular data on lending volumes, interest rates, financing structures and credit quality, and will be expanded in July 2026 to include price, transaction and vacancy data.

    Data & statisticsMarket development
  • 2026-03-31GermanyGerman Bundesbank

    German Bundesbank reports 2025 general government debt up EUR 144 billion to EUR 2.84 trillion and debt ratio at 63.5%

    The German Bundesbank reported that Germany’s general government Maastricht debt rose by EUR 144 billion in 2025 to EUR 2.838 trillion, lifting the debt-to-GDP ratio to 63.5% from 62.2%. It said the 1.3 percentage point rise reflected a 3.3 point mechanical increase from higher debt, partly offset by 2.0 points from nominal GDP growth, and that debt growth exceeded the Maastricht deficit because some borrowing financed financial asset accumulation. The Bundesbank estimated Germany’s attributed share of EU institutions’ debt at about EUR 118 billion (2.6% of GDP) out of EUR 477 billion in 2025, mainly from Next Generation EU transfers and EU loans to Ukraine.

    Data & statisticsEconomic data and developments
  • 2026-03-31TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye issues circular operationalising EKSIST-based appointment and performance rules for insurance experts

    Türkiye’s Insurance and Private Pension Regulation and Supervision Agency issued a circular detailing operating rules for appointing insurance experts (loss adjusters) and managing examinations under the Insurance Experts Appointment Regulation, centred on the Expert Appointment and Tracking System (EKSIST) and a list- and score-based allocation model. It sets claim notification and documentation procedures, expert appointment timelines for compulsory motor third-party liability and motor own-damage insurance, operational limits on appointments and reporting, and a 1,000-point performance scoring system guiding expert selection. It applies from 1 April 2026, with a 30-day transition for mandatory appointments, and will initially run as a pilot in Bursa and Ordu.

    Policy & regulationRules & requirementsOther
  • 2026-03-31Malaysia (Labuan)Labuan Financial Services Authority

    Labuan Financial Services Authority reports Labuan IBFC rises to 55th in Global Financial Centres Index and moves into International Contender category

    The Labuan Financial Services Authority reported that the Labuan International Business and Financial Centre has risen to 55th place in the Global Financial Centres Index 39, up from 60th, and reclassified from an International Specialist to an International Contender. Labuan IBFC was also ranked 37th globally for its FinTech Offering, recognised among the top 15 centres for Reputational Advantage, and its positioning was linked to Malaysia’s 2025 FATF Mutual Evaluation outcome and Labuan’s role in the national AML/CFT/CPF framework, including cross-border structuring and sustainable finance.

    OtherMarket developmentFinancial and market indicators
  • 2026-03-31HungaryNational Bank of Hungary

    National Bank of Hungary releases March Financial and Economic Review with research on Bulgaria’s euro accession, CSRD bank reporting and capital rules

    The National Bank of Hungary has published the March issue of its Financial and Economic Review, featuring research on Bulgaria’s euro area accession, BERT-based text analysis in economic research, evolving bank sustainability disclosures under EU rules, and capital adequacy requirements. Articles note that euro adoption would reduce currency and country risk but not Bulgaria’s structural issues, show that a news-based sentiment index can help predict crises, and find that banks’ sustainability reports under the Corporate Sustainability Reporting Directive have become more standardised and narrative. Other contributions assess capital requirements for investment firms, fiscal pressures from global challenges, and argue that monitoring debtors’ greenhouse gas emissions should rest with environmental authorities, not banks.

    ResearchClimate risk and sustainable financeFinancial stability and systemic risk
  • 2026-03-31UzbekistanMinistry of Finance (Republic of Uzbekistan)

    Uzbekistan Ministry of Finance reviews 2026 budget parameters and FSAP implementation with International Monetary Fund Article IV mission

    Uzbekistan’s Ministry of Finance reported that Deputy Prime Minister and Economy and Finance Minister Jamshid Kuchkarov met the IMF mission under the Article IV consultation to review the economic outlook and priority reforms. Discussions in Tashkent focused on macroeconomic stability, inflation control, state-owned enterprise and bank transformation, energy-sector reforms, financial-sector development and implementation of Financial Sector Assessment Program recommendations. Both sides described cooperation as constructive and ready to deepen engagement in support of reforms.

    Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
  • 2026-03-31EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association reports record global long-term fund inflows in Q4 2025 as assets reach EUR 80.3 trillion

    The European Fund and Asset Management Association reported that worldwide investment fund net assets rose 3.5% in Q4 2025 to EUR 80.3 trillion, with global fund flows reaching a record high on the back of strong equity and bond markets. Long-term funds attracted EUR 909 billion of net inflows, led by the United States and Europe, while exchange-traded funds and money market funds gathered EUR 699 billion and EUR 401 billion respectively. For 2025 as a whole, worldwide regulated open-end fund assets increased 5.3% to EUR 80.3 trillion, with net inflows of EUR 3,183 billion, driven primarily by bond funds.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-03-31EuropeEuropean Banking Federation

    European Banking Federation backs Member State drive on the Savings and Investments Union and presses for proportionate retail investment rules and a consolidated tape

    The European Banking Federation welcomed renewed political engagement, particularly by the E6 group, to advance the Savings and Investments Union and strengthen EU capital markets, while calling for sustained ambition focused on simplification and practical outcomes. It identified three priorities: a proportionate Retail Investment Strategy Level 1 text that addresses implementation issues such as the Value for Money concept and the new Inducement Test, a Market Infrastructure Package that delivers a consolidated tape without constraining alternative trading mechanisms, and an EU simplification agenda that streamlines rules, reduces unnecessary burdens and limits national fragmentation and gold-plating.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2026-03-31EuropeSingle Resolution Board

    European Union's Single Resolution Board outlines operational crisis readiness approach and plans to expand resolution dry runs

    The Single Resolution Board outlined a strategic shift with National Resolution Authorities from resolution planning to operational crisis readiness under the Single Resolution Mechanism Vision 2028, centred on resolution testing and crisis preparedness. The framework is built around simplified crisis policies and procedures, an operational toolkit and trained staff, supported by ready-to-use materials, National Handbooks, tools such as a bail-in calculator, valuation tool and Ready for Crisis platform, and multiannual “dry run” exercises. The Single Resolution Board plans to broaden these large-scale exercises and explore closer integration with bank-led testing to refine resolution methodologies.

    Policy & regulationImplementation, projects & pilotsRecovery and resolution
  • 2026-03-31FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes SPOT inspection takeaways on compliance and internal control in portfolio management companies

    France’s Autorité des marchés financiers published a synthesis of its SPOT inspections on compliance and internal control functions within portfolio management companies. The review, conducted on five firms as part of the European Securities and Markets Authority 2025 common supervisory action, follows the AMF’s 2020 SPOT campaign on outsourcing of internal control and was preceded by a questionnaire-based analysis of 41 companies.

    SupervisionReviews, inspections & stress testsSupervision process and methodologies
  • 2026-03-31FranceFrance Autorite des marches financiers

    France's Financial Markets Authority publishes SPOT inspection findings on asset managers’ compliance and internal control frameworks

    The France Autorité des marchés financiers published findings from SPOT thematic inspections on the organisation and effectiveness of compliance and internal control at portfolio management companies, conducted under its 2025 supervisory priorities and ESMA’s 2025 Common Supervisory Action. While all inspected firms had an identified compliance and internal control function, the AMF found uneven maturity of control plans, partial follow-up of recommendations, and deficiencies in the quality of regulatory data submitted, particularly in annual information forms, and set expectations for independent periodic control at larger and more complex firms.

    SupervisionReviews, inspections & stress testsSupervision process and methodologies
  • 2026-03-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines instructs authorized agent banks to migrate Cash Service Alliance access from Citrix to VPN by 08 May 2026

    The Central Bank of the Philippines has directed all Authorized Agent Banks to transition access to the Cash Service Alliance web application from Citrix to a Bangko Sentral ng Pilipinas Virtual Private Network platform, with cutover scheduled for 08 May 2026. Banks must complete VPN onboarding, configuration and testing, with non-compliance risking loss of system access and disruption to CSA-dependent processes.

    Policy & regulationImplementation, projects & pilotsIT management
  • 2026-03-31Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission appoints and reappoints members across 11 committees effective 1 April 2026

    The Hong Kong Securities and Futures Commission has announced new appointments and reappointments to 11 committees and panels effective 1 April 2026, including advisory, disciplinary, compensation, listing and takeover bodies. Key changes include Keith Pogson becoming chairman of the Nominations Committee, Rico Leung Chung Yin continuing to chair the Investor Compensation Fund Committee and Securities Compensation Fund Committee with new members added, and refreshed membership across the Products Advisory Committee, Public Shareholders Group, Takeovers and Mergers Panel, Takeovers Appeal Committee and Share Registrars’ Disciplinary Committee.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-03-31Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission review finds securities industry net profits up 62% to $71.7 billion in 2025

    The Hong Kong Securities and Futures Commission reported that Hong Kong’s securities industry net profits rose 62% year on year to a five-year high of HKD 71.7 billion in 2025, alongside a 52% increase in transaction value to HKD 219.0 trillion. Growth was broad-based, with strong gains in commission, advisory, underwriting and asset management income, and Stock Exchange of Hong Kong participants’ net profits up 62% to HKD 35.4 billion. Average collateral coverage improved to 4.5 times from 3.9 despite a 22% increase in margin loans.

    Data & statistics
  • 2026-03-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports narrower international investment position net liability of USD 50.8 billion at end-December 2025

    The Central Bank of the Philippines published updated International Investment Position data showing the country’s net external liability narrowed to USD 50.8 billion (10.4% of GDP) as of end-December 2025, from USD 52.1 billion (10.8% of GDP) at end-September 2025. The improvement reflects residents’ foreign financial assets rising 1.0% to USD 264.1 billion, outpacing a 0.4% increase in foreign investments in Philippine assets to USD 314.9 billion.

    Data & statisticsBalance of payments and other external statistics
  • 2026-03-31PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission files criminal complaint over Royal Kingdom of Maharlika investment scheme

    The Philippine Securities and Exchange Commission filed a criminal complaint against Royal Kingdom of Maharlika, Royal Vanguard and 15 individuals for allegedly conducting an unauthorized and fraudulent investment scheme. The entities offered purported lifetime benefits of up to PHP 5 million despite lacking the secondary license required to solicit investments from the public.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activityFraud and scamsSecurities offerings and listings
  • 2026-03-31PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission reports court denial of restraining order against nine-year independent director term limit

    The Makati Regional Trial Court denied GMA Network’s request to temporarily block the Philippine Securities and Exchange Commission’s nine-year cumulative term limit for independent directors. The court found no extreme urgency because GMA had postponed its annual stockholders’ meeting from May 20 to December 9. GMA’s petition seeking to invalidate the rule remains the underlying proceeding.

    Policy & regulationRules & requirementsCorporate governanceCompliance
  • 2026-03-31PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission extends 20% MSME corporate registration fee discount through 2026

    The Philippine Securities and Exchange Commission extended the 20% MSME corporate registration fee discount through Dec. 31, 2026. A separate 50% discount on eligible MSME securities registration fees remains in effect through June 30.

    Policy & regulationRules & requirementsSME financingSecurities offerings and listingsMarket development
  • 2026-03-31EuropeEuropean Central Bank

    European Central Bank publishes comprehensive payments strategy spanning retail, wholesale, business-to-business and cross-border payments

    The European Central Bank published the Eurosystem’s comprehensive payments strategy, outlining its vision for retail, wholesale, business-to-business and cross-border payments while reaffirming central bank money as the anchor of trust and stability. The framework focuses on preserving the role of central bank money, strengthening the robustness and autonomy of Europe’s payment system, promoting integrated and innovative payments, and supporting the international role of the euro, including keeping wholesale settlement centred on central bank money complemented by EU-governed, euro-denominated tokenised deposits and stablecoins. It consolidates key initiatives such as the digital euro, Pontes, Appia and cross-border enhancements, and work to maintain euro cash availability and develop new banknotes.

    Policy & regulationReform agendas & prioritiesPayments and payment systemsTokenization
  • 2026-03-31EuropeEuropean Central Bank

    European Central Bank research shows euro area digital and intangible assets are driving investment growth while still lagging the United States

    The European Central Bank published analysis showing that digital-related investment has increasingly driven euro area business investment since 2020, with intangible assets such as software, databases and research and development accounting for around 80% of cumulative investment growth since late 2019. ECB proxy measures indicate euro area digital investment rose by just over 60% between 2014 and 2025, lagging a comparable United States proxy where digital investment more than doubled. The ECB expects the digital share of investment to keep rising, supported by venture capital, Next Generation EU funding and EU-wide AI initiatives, while highlighting constraints such as energy supply, skills shortages and overregulation.

    ResearchMarket development
  • 2026-03-31EuropeEuropean Central Bank

    European Central Bank publishes comprehensive payments strategy covering tokenised settlement assets, T2 enhancements and the digital euro

    The European Central Bank has outlined a Eurosystem payments strategy combining upgrades to existing infrastructures with new solutions across wholesale, corporate, retail and cross-border payments, anchored in central bank money to strengthen European autonomy, innovation and the euro’s international role. Key elements include an integrated market for tokenised settlement assets with tokenised central bank money, continued investment in T2 and DLT-compatible money via Pontes and Appia, enhanced digital euro and EU-governed wallets, and cross-border initiatives using TIPS and BIS Project Nexus. Pontes is due by end-Q3 2026 and digital euro issuance readiness in 2029, subject to regulation.

    Policy & regulationReform agendas & priorities
  • 2026-03-31PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission consults on tighter auditor accreditation and coverage of major government contractors

    The Philippine Securities and Exchange Commission is consulting on tighter external auditor accreditation rules and Group A coverage for corporations with government contracts reaching PHP 100 million individually or PHP 150 million in aggregate during a reporting year. The draft raises auditor experience requirements, strengthens denial and enforcement grounds, and limits repeated conditional accreditation. Comments are due by May 15, 2026.

    Policy & regulationRules & requirementsAuditingAccounting and financial reportingCompliance
  • 2026-03-31CanadaCanadian Public Accountability Board

    Canadian Public Accountability Board begins firm-specific public inspection reporting and reports 23% significant findings rate

    The Canadian Public Accountability Board’s 2025 Annual Report confirms completion of its disclosures project and the shift to firm-specific public inspection reports for audits of Canadian reporting issuers. CPAB reported significant inspection findings in 23% of 120 files reviewed, continued issuer- and enforcement-related disclosures, and noted 20 enforcement actions, four financial statement restatements and one denial of access to component auditor working papers in China. The report also highlights 2026 decisions on regulatory interventions and a leadership transition from CEO Carol Paradine to Sonny Randhawa in March 2026.

    SupervisionReviews, inspections & stress testsRegulatory reportingSupervisory data
  • 2026-03-31CanadaCanadian Public Accountability Board

    Canadian Public Accountability Board reports improved 2025 inspection results and starts publishing firm-specific inspection reports

    The Canadian Public Accountability Board’s 2025 annual report details inspection results and progress on expanded public disclosures, including public, firm-specific inspection reporting. CPAB inspected 120 audit files and found significant findings in 23% of cases, down from 24% in 2024 and 34% in 2023, with improvements at many smaller firms. It also launched a Regulatory Reporting webpage for expanded disclosures and firm-specific reports. The report notes growing use of artificial intelligence-enabled tools in audits and stresses the need to manage related risks and adopt responsible, effective practices.

    SupervisionReviews, inspections & stress testsAuditing
  • 2026-03-31CanadaCanadian Public Accountability Board

    Canadian Public Accountability Board reports 23% significant findings in 2025 inspections and begins publishing firm-level inspection results

    The Canadian Public Accountability Board has published its 2025 regulatory report on inspections of audit firms for Canadian reporting issuers and announced expanded public disclosures, including publication of individual firm inspection results. CPAB reported significant findings in 27 of 120 files (23%), with higher findings rates at non-annually inspected firms and recurring issues in risk assessment, audit evidence, accounting estimates and use of technology, as well as constraints in cross-border inspections involving China. Twenty firms were subject to enforcement actions, with CPAB signalling potential easing or escalation of certain interventions in 2026.

    SupervisionReviews, inspections & stress testsAuditing
  • 2026-03-31AustraliaAustralian Transaction Reports and Analysis Centre (AUSTRAC)

    Australian Transaction Reports and Analysis Centre opens AML CTF enrolment for lawyers accountants and real estate professionals ahead of regime expansion to nearly 100000 businesses

    The Australian Transaction Reports and Analysis Centre has opened online enrolment for lawyers, accountants, conveyancers, real estate professionals, and dealers in precious stones and metals ahead of their inclusion in the anti-money laundering and counter-terrorism financing regime from 1 July 2026, expanding coverage to nearly 100,000 businesses. Newly covered entities must implement AML/CTF programs, conduct customer due diligence, report suspicious matters, and keep records, while those offering remittance or virtual asset services must also apply for registration. AUSTRAC has updated enrolment requirements for existing reporting entities, requiring additional information and new forms on the AUSTRAC Online platform.

    Policy & regulationImplementation, projects & pilotsAML and CFT
  • 2026-03-31AustraliaAustralian Transaction Reports and Analysis Centre (AUSTRAC)

    Australian Transaction Reports and Analysis Centre expands AML and CTF oversight of virtual asset service providers and publishes searchable register

    The Australian Transaction Reports and Analysis Centre announced that Australia’s expanded anti-money laundering and counter-terrorism financing regime now brings a broader range of crypto and other virtual asset businesses under supervision, with digital currency exchange providers renamed virtual asset service providers, all required to register with AUSTRAC and comply with AML/CTF obligations. The reforms aim to close gaps exploited to move illicit funds and align Australia with global standards, and AUSTRAC has cleaned up the former register, removed inactive entities, launched a searchable public virtual asset service provider register, and continues to treat the sector as a priority high money-laundering risk.

    Policy & regulationRules & requirementsAML and CFT
  • 2026-03-31KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves three senior appointments in the insurance sector

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has approved three individuals for senior roles in the insurance sector, including executive and board positions. It also clarified that, subject to qualification requirements under the Law on Insurance Activities, individuals with existing regulatory consent may be transferred within the sector to similar senior roles without additional consent, with such consents recorded in the insurance sector register.

    SupervisionAuthorisations & approvalsLeadership change and appointments
  • 2026-03-31KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Kazakhstan’s Agency for Regulation and Development of the Financial Market reports 5.1 million users of the Stop-credit loan self-exclusion service

    The Agency for Regulation and Development of the Financial Market of Kazakhstan detailed the “Stop-credit” service, which allows individuals to block bank loans and microcredits in their name via the eGov portal and eGov Mobile, creating a refusal flag in their credit history that should lead lenders to reject new applications, with any loan issued in breach subject to write-off; the restriction excludes pawnshops and other entities that do not use credit bureaus, and as of 16 March 2026, 5.1 million citizens had activated it.

    Policy & regulationImplementation, projects & pilotsLending
  • 2026-03-31AndorraAndorran Financial Authority

    Andorran Financial Authority issues technical communication on the countercyclical capital buffer for the second quarter of 2026

    The Andorran Financial Authority published Technical Communication No. 1/2026-SF on the countercyclical capital buffer for the second quarter of 2026. The communication provides a solvency and macroprudential update for banks and other regulated financial entities.

    Policy & regulationGuidance & interpretationMacroprudential policy and toolsPrudential risks
  • 2026-03-31AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission issues AUD 594,000 in infringement notices to three Mecca group companies for late audited financial report lodgements

    The Australian Securities & Investments Commission reported that Mecca Brands Pty Ltd, Mecca Brands NZ Pty Ltd and RTCH Pty Ltd have each paid an AUD 198,000 infringement notice, totalling AUD 594,000, for allegedly failing to lodge their audited financial reports for the year ended 28 December 2024 on time. ASIC framed the action within its 2026 enforcement priority on financial reporting misconduct and a data-driven surveillance program targeting non-lodgement and persistent late lodgement, and reminded directors and auditors of their obligations to report non-compliance.

    EnforcementInvestigations & enforcement actionsAccounting and financial reporting
  • 2026-03-31AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission remakes relief for foreign AFS licensees and foreign ADIs and extends lease asset capital relief to 2031

    The Australian Securities & Investments Commission has remade its relief instrument for foreign Australian financial services licensees and foreign authorised deposit-taking institutions, replacing ASIC Corporations (Foreign Licensees and ADIs) Instrument 2016/186 and extending its effect to 1 April 2031. The new ASIC Corporations (Foreign Licensees and ADIs) Instrument 2026/121 maintains exemptions from certain record-keeping and financial reporting obligations for foreign licensees and from Australian financial services licensing for foreign authorised deposit-taking institutions, while the ASIC Corporations (Licence Conditions—Treatment of Lease Assets) Instrument 2021/229 is extended to 1 May 2031.

    Policy & regulationRules & requirementsOther
  • 2026-03-31AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission remakes technical relief for AFS licensees and updates reverse mortgage disclosure until 2031

    The Australian Securities & Investments Commission has remade two legislative instruments providing technical relief for Australian financial services licensees and updating reverse-mortgage disclosure for Australian credit licensees, both effective until 1 April 2031. ASIC Corporations (Miscellaneous Technical Relief) Instrument 2026/115 extends exemptions from holding an Australian financial services licence and adjusts rules on lodging or publishing supplementary or replacement documents, while ASIC Credit (Updated details for prescribed disclosure) Instrument 2026/122 updates the reverse mortgage information statement by removing a reference to the National Information Centre on Retirement Investments.

    Policy & regulationRules & requirementsRegulatory burden
  • 2026-03-31AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority publishes February 2026 Monthly Authorised Deposit-taking Institution Statistics

    The Australian Prudential Regulation Authority has released the February 2026 Monthly Authorised Deposit-taking Institution Statistics, including updated bank-level data, a back-series from March 2019 to February 2026, and the MADIS glossary. APRA also reiterates that earlier balance sheet data are available in the Monthly Banking Statistics and Australian Banking Statistics, noting a series break in March 2002 due to changes in reporting requirements and coverage.

    Data & statisticsSupervisory data
  • 2026-03-31ColombiaCentral Bank of Colombia

    Banco de la República lifts benchmark rate 100 bp to 11.25 %

    Banco de la República lifted its policy rate by 100 bp to 11.25 %, following January’s similar move, to counter rising headline (5.4 % y/y in February) and core (5.5 %) inflation, stubborn expectations (6.3–7 %) and weaker-than-forecast 2025 growth. The board also warned that Iran-related commodity shocks could add price pressure and said further action will depend on data to secure a clear disinflation path.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-03-31South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports banks remain above capital requirements despite end-December 2025 ratio declines

    The South Korea Financial Supervisory Service published preliminary end-December 2025 capital and leverage ratios for domestic banks and bank holding companies, showing modest quarter-on-quarter declines but levels remaining comfortably above Basel Committee minimum requirements. Average common equity Tier 1, Tier 1, total capital and leverage ratios for both banks and bank holding companies stayed well in excess of these thresholds. The Financial Supervisory Service said it will continue to guide banks to strengthen loss-absorbing capacity and closely monitor capital ratios.

    SupervisionRegulatory reportingFinancial and market indicators
  • 2026-03-31South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports February 2026 corporate financing up to KRW19.25 trillion and CP plus short term bonds issuance at KRW159.57 trillion

    The South Korea Financial Supervisory Service reported that total corporate fund-raising via debt and equity reached KRW19.2497 trillion in February 2026, up 8.5% month-on-month, while commercial paper and short-term bond issuance rose 3.1% to KRW159.5722 trillion. Equity issuance more than tripled to KRW341.5 billion on the back of three initial public offerings and four public equity offerings, while debt issuance increased to KRW18.9082 trillion, driven by higher financial debentures despite lower corporate bond and asset-backed securities volumes.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-03-31Timor-LesteCentral Bank of Timor-Leste

    Central Bank of Timor-Leste reports Petroleum Fund balance fell to USD 18.31 billion in first quarter of 2026

    The Central Bank of Timor-Leste's first-quarter 2026 Petroleum Fund report shows the fund balance fell to USD 18.31 billion from USD 18.61 billion in the previous quarter. Gross investment income was negative USD 97.72 million and the portfolio returned negative 0.62%, while withdrawals totaled USD 204.18 million, including USD 200 million for the state budget.

    Data & statisticsBalance of payments and other external statistics
  • 2026-03-31AustraliaReserve Bank of Australia

    Reserve Bank of Australia finalises reforms removing card surcharging and lowering interchange fee caps

    The Reserve Bank of Australia has finalised a reform package from its Review of Merchant Card Payment Costs and Surcharging, confirming lower interchange fee caps and stronger fee transparency requirements for designated eftpos, Mastercard and Visa card networks. The Reserve Bank of Australia expects the measures to reduce payment acceptance costs, particularly for small businesses, and to promote competition and efficiency. It also plans a separate consultation in mid-2026 on potential regulation of other retail payment services, including mobile wallets, three-party card networks, buy-now pay-later services and e-commerce platforms.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2026-03-31AustraliaReserve Bank of Australia

    Reserve Bank of Australia releases February 2026 financial aggregates showing total credit growth at 7.8% year on year

    The Reserve Bank of Australia published its February 2026 financial aggregates, reporting total credit growth of 0.6% over the month and 7.8% over the year, and broad money growth of 0.8% in February and 7.7% over the year. Housing credit rose 0.6% in February and 7.1% over the year, personal credit increased 0.4% over the month and 4.3% over the year, and business credit to non-financial businesses grew 0.8% in February and 9.5% over the year. Growth rates are seasonally adjusted, and revised historical data reflect resubmissions, re-estimated seasonal factors and securitisation data.

    Data & statisticsMonetary data
  • 2026-03-31BoliviaMinistry of Finance (Bolivia)

    Bolivia’s Ministry of Finance appoints Jorge Marcelo Velasco Tudela as chair of the Banco de Desarrollo Productivo board

    Bolivia’s Ministry of Finance has appointed Jorge Marcelo Velasco Tudela as chair of Banco de Desarrollo Productivo, aligning the leadership change with the government’s strategy to strengthen the bank’s role in inclusive growth and productive transformation. Velasco pledged to expand access to productive financing, promote innovation and support economic diversification, while the ministry reiterated BDP’s mandate to back sustainable development through financing, technical assistance and “productive intelligence” for key sectors.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-03-31New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority grants class exemption easing disclosure requirements for green and social bond offers

    The New Zealand Financial Markets Authority has granted a class exemption to provide a faster, more cost-effective route to market for issuers of green, social, sustainability or sustainability-linked bonds. The exemption allows offers of bonds identical to existing quoted bonds, except for interest rate, redemption date and GSSS status, without a product disclosure statement, subject to conditions including provision of information on the bond’s GSSS status, which may be delivered via a shorter terms sheet.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2026-03-31BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission publishes 2025 management report highlighting the FÁCIL regime reforms and record 92,818 regulated participants

    The Brazil Securities Commission (CVM) published its 2025 Management Report outlining key initiatives to simplify rules and broaden access to capital markets, including the FÁCIL regime for smaller issuers, streamlined debenture issuance, and modernisation of Administrative Sanctioning Proceedings under CVM Resolution 45. The report details adjustments and deferrals to multiple resolutions, consultations on crowdfunding, disclosure, rating agencies and fund regimes, and analytical work on ESG disclosure, suitability and governance. CVM also reported a record 92,818 regulated participants at end-2025 and increased staffing in Rio de Janeiro and São Paulo.

    Policy & regulationRules & requirementsMarket development
  • 2026-03-31United StatesFederal Reserve Board

    Federal Reserve Board Vice Chair Bowman highlights capital proposals to lower risk weights on small business lending

    The Federal Reserve Board published a speech by Vice Chair for Supervision Michelle W. Bowman outlining how recently proposed capital rule changes are intended to support small business credit amid tight lending conditions. She highlighted proposed reductions in standardized corporate and small business loan risk weights, revised capital treatment for small business credit cards, and a request for comment on the treatment of unused credit lines, encouraging stakeholder feedback on the potential impact on lending.

    Policy & regulationRules & requirementsSME financing
  • 2026-03-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports universal and commercial bank loan growth accelerates to 9.5% year on year in February

    The Central Bank of the Philippines published preliminary data showing loans from universal and commercial banks rose by 9.5% year on year in February, with seasonally adjusted outstanding loans up 0.8% month on month. Resident lending grew by 10.1% while non-resident loans declined by 13.2%, driven by an 8.6% expansion in business loans and 20.8% growth in consumer loans amid strong credit to utilities, transport, real estate, trade and household borrowing.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2026-03-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports domestic liquidity growth accelerates to 10.3% to PHP 19.8 trillion in February

    The Central Bank of the Philippines reported that domestic liquidity (M3) grew 10.3% year on year to PHP 19.8 trillion in February, with seasonally adjusted M3 up 1.2% month on month. Growth was driven by an 11.0% increase in claims on the domestic sector, including higher lending to the private sector and increased net claims on the central government, while net foreign assets rose 7.4%. The central bank said it will continue managing liquidity conditions consistent with its price and financial stability objectives.

    Data & statisticsMonetary data
  • 2026-03-31AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority publishes 2024–25 private health insurance risk equalisation statistics

    The Australian Prudential Regulation Authority has released private health insurance risk equalisation statistics for the 2024–25 financial year, detailing the net risk equalisation result for each insurer. The data are available as a downloadable spreadsheet on the authority’s website.

    Data & statisticsSupervisory data
  • 2026-03-31AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority launches consultation to remake Level 3 conglomerate prudential standards with minor amendments

    The Australian Prudential Regulation Authority has issued a consultation on remaking its Level 3 conglomerate prudential standards, which are due to sunset on 1 October 2026. APRA proposes to remake Prudential Standards 3PS 221, 3PS 222 and 3PS 310 with minor amendments to keep them current, without introducing new requirements for Level 3 conglomerate groups.

    Policy & regulationRules & requirementsPrudential risks
  • 2026-03-31AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority finalises longevity product capital reforms introducing an Advanced Illiquidity Premium option effective 1 July 2026

    The Australian Prudential Regulation Authority has finalised amendments to its prudential standards on the capital treatment of longevity products, introducing an option for insurers to use an Advanced Illiquidity Premium in capital calculations with additional prudential safeguards. The package adds governance, reporting and asset composition risk controls for portfolios using the Advanced Illiquidity Premium and is intended to deliver a more risk-sensitive, principles-based and less procyclical capital framework aligned with long-dated retirement income liabilities.

    Policy & regulationRules & requirementsCapital adequacy
  • 2026-03-30BermudaBermuda Monetary Authority

    Bermuda Monetary Authority outlines activity based regulatory framework and licensing exemptions for asset tokenisation

    The Bermuda Monetary Authority has issued a stakeholder letter on feedback to its November 2025 asset tokenisation discussion paper and initial policy direction ahead of an April 2026 consultation. It proposes an activity-based, technology-neutral framework under the Digital Assets Business Act 2018, with a functional, role-based perimeter, stronger custody, governance and disclosure standards, extended AML/ATF guidance, and independent smart contract audit and operational resilience requirements. The Authority will also clarify the regulatory taxonomy via a new “tokenised investments” definition, harmonise the Investment Business Act 2003 and Digital Asset Issuance Act 2020 through integrated exemptions, and work with national stakeholders on legislative changes, including recognising distributed ledger technology-based registers.

    Policy & regulationReform agendas & prioritiesTokenization
  • 2026-03-30IndiaReserve Bank of India

    Reserve Bank of India revises ECB return reporting including late submission fee calculation and seven-day submission timeline

    The Reserve Bank of India has updated directions to Authorised Dealer Category I banks on reporting requirements for External Commercial Borrowing returns under the Foreign Exchange Management Act, 1999, including revised Late Submission Fees (LSF). Form ECB 1 and Revised Form ECB 1 will be treated as non-flow returns for LSF, while for Form ECB 2 the LSF will apply per return under each Loan Registration Number, with designated banks responsible for timely submission and remittance to the relevant Reserve Bank regional office.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2026-03-30PeruSuperintendencia del Mercado de Valores de Peru

    Peru's Superintendency of the Securities Market concludes the 27th Securities Market Specialization Programme

    The Superintendency of the Securities Market of Peru has concluded the twenty-seventh Securities Market Specialization Programme, delivered in-person with the Peruvian University of Applied Sciences to strengthen financial education in regulated markets. The 2026 cohort comprised 28 merit-selected students and graduates from public and private universities across multiple regions, alongside four SMV staff, and the programme has trained more than 800 participants since its launch in 1995.

    Financial literacy & educationCapacity building
  • 2026-03-30BrazilNational Treasury (Brazil)

    Brazil's National Treasury implements automatic PIX key validation to speed up income tax refunds

    Brazil’s National Treasury, in coordination with the Federal Revenue Service and Serpro, has introduced an automatic validation feature for PIX keys used for income tax refunds starting in 2026. The integration with the Central Bank’s PIX key database allows real-time verification of whether the taxpayer’s CPF is registered as a PIX key, reducing errors, rework and delays in refund payments.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-30JapanBank of Japan

    Bank of Japan publishes updated liquidity indicators for JGB futures, cash and special collateral repo markets

    The Bank of Japan’s Financial Markets Department published updated chart-based liquidity indicators for Japanese government bond futures, cash and special collateral repo markets, with most series updated through end-February 2026. The data cover transaction volumes, bid-ask spreads, order-book depth, price-impact measures, quote availability and market depth, as well as general collateral–special collateral repo rate spreads and volume-weighted special collateral repo rates, shown as 10-day backward moving averages.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-03-30NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua publishes Q4 2025 balance of payments results showing USD 2,101.6 million current account surplus in 2025

    The Central Bank of Nicaragua published its 2025 balance of payments, reporting a goods and services trade deficit of USD 2,865.2 million and a current account surplus of USD 2,101.6 million, alongside a positive financial account balance of USD 1,180.5 million. Exports rose 14.6% to USD 9,319.6 million, driven by agricultural and mining goods, while imports increased 8.1% to USD 12,184.9 million, supported by higher consumer and capital goods. Gross foreign direct investment inflows reached USD 3,059.2 million, net FDI was USD 1,502.5 million, and reserve assets increased by USD 2,166.1 million.

    Data & statisticsBalance of payments and other external statistics
  • 2026-03-30AfricaEastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)

    Eastern and Southern Africa Anti-Money Laundering Group sets Third Round mutual evaluation agenda including FATF Recommendation 8 review and DRC membership

    The Eastern and Southern Africa Anti-Money Laundering Group reported on its 51st Task Force of Senior Officials meeting in Arusha, focused on preparations for the Third Round of Mutual Evaluations and prioritising effectiveness. The agenda covered follow-up and high-level mission reports, adoption of a horizontal review of implementation of Financial Action Task Force Recommendation 8 across the region, and the admission of the Democratic Republic of the Congo as a full member, with the Chair calling for continued technical support from member countries.

    Policy & regulationPeer reviews and country evaluationsAML and CFT
  • 2026-03-30MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority signs memorandum with North Macedonia Securities Commission to deepen supervisory and enforcement cooperation

    The Montenegro Capital Market Authority signed a Memorandum of Cooperation with the North Macedonia Securities Commission to establish a framework for closer cooperation, consultation and mutual assistance in capital market supervision and enforcement. It provides for information exchange and joint work on market and trading supervision, inspections, licensing and supervision of market participants, and measures to prevent market abuse, supporting regional regulatory capacity and alignment with European standards.

    Policy & regulationCooperationCross-border cooperation
  • 2026-03-30LuxembourgCentral Bank of Luxembourg

    Central Bank of Luxembourg reports consumer confidence indicator dropped to -16 in March 2026

    The Central Bank of Luxembourg reported a sharp deterioration in consumer confidence in March 2026, with the overall indicator falling to -16 from -6 in February. Households’ expectations for the general economic situation, their future financial situation and major purchase intentions all weakened significantly, while perceptions of their past financial situation improved.

    Data & statisticsEconomic data and developments
  • 2026-03-30JapanJapan Financial Services Agency

    Japan Financial Services Agency publishes public comment results on revised Comprehensive Supervision Guidelines for Insurance Companies effective 1 June 2026

    The Japan Financial Services Agency has published the results of its public consultation on partial revisions to the Comprehensive Supervision Guidelines for Insurance Companies and confirmed the updated guidelines will apply from 1 June 2026. The revisions reflect recommendations on insurers’ claims management and solicitation frameworks and on collaboration between insurance agents and intermediaries, and are accompanied by a summary of comments with FSA responses and a comparison table against the current guidelines.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2026-03-30JapanJapan Financial Services Agency

    Japan Financial Services Agency publishes consultation results and amends insurance supervision guidelines for Insurance Business Act reforms effective 1 June 2026

    The Japan Financial Services Agency published results of its consultation on draft amendments to the Comprehensive Supervision Guidelines for Insurance Companies and related measures under the amended Insurance Business Act, with revised supervisory guidelines to apply from 1 June 2026. The changes strengthen system development obligations for specified large-scale multi-life insurance solicitors, agents and insurers, introduce a prohibition on excessive convenience provided to policyholders, and include measures to promote use of insurance intermediaries. The agency will separately announce the outcome of public comments on securing appropriate comparative recommended sales at ride-sharing agencies, including revisions to information provision rules.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2026-03-30JapanJapan Financial Services Agency

    Japan Financial Services Agency promulgates Insurance Business Act implementing ordinances and publishes consultation results on strengthened controls for large-scale insurance agents

    The Japan Financial Services Agency has finalized Cabinet Office Ordinance amendments implementing the revised Insurance Business Act, effective 1 June 2026. The measures tighten system and governance requirements for specified large-scale insurance solicitors and multi-life insurance agents, strengthen outsourcing and concurrent business rules for insurers, expand the ban on excessive benefits, and introduce new obligations related to insurance intermediaries and reporting of scandalous incidents.

    Policy & regulationRules & requirementsOther
  • 2026-03-30MadagascarMinistry of Finance (Madagascar)

    Madagascar Ministry of Finance hosts IMF mission for third and fourth reviews of the Extended Credit Facility and Fund for Resilience and Sustainability programmes

    Madagascar’s Ministry of Finance announced the start of an IMF mission in Antananarivo for the third and fourth reviews of the Extended Credit Facility and Resilience and Sustainability programmes. Discussions focused on domestic revenue mobilisation, public spending quality, governance and transparency, monetary and financial stability, and integrating climate considerations into public financial management. The authorities reiterated their commitment to pursuing reforms under these programmes to support structural transformation despite remaining challenges.

    Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
  • 2026-03-30MexicoMinistry of Finance & Public Credit (Mexico)

    Mexico's Ministry of Finance & Public Credit announces Mexican Mint ISO 9001 and ISO 37001 certification for its integrated management system

    Mexico’s Ministry of Finance and Public Credit reported that Casa de Moneda de México obtained certification in December 2025 for its Integrated Management System under ISO 9001:2015 and ISO 37001:2016. The system formalizes quality management and anti-bribery controls to strengthen operational effectiveness, efficiency and integrity in coin and medal minting, aligned with continuous improvement and modernization policies in the Federal Public Administration.

    Institutional developmentCooperation & capacity buildingBribery and corruption
  • 2026-03-30GlobalInternational Monetary Fund

    International Monetary Fund publishes Central Bank Transparency Code review of the Centrale Bank van Curaçao en Sint Maarten

    The International Monetary Fund published a Central Bank Transparency Code Review for the Centrale Bank van Curaçao en Sint Maarten, assessing transparency as part of modernization. The report links enhanced transparency, internal governance improvements, and regulatory reforms to rebuilding trust after past supervisory failures, and underscores heightened expectations for clear communication and stakeholder engagement across both countries, including on financial stability, macroprudential policy, lender-of-last-resort functions, foreign exchange, and AML/CFT.

    Policy & regulationPeer reviews and country evaluationsAML and CFTCorporate governance
  • 2026-03-30GlobalInternational Monetary Fund

    International Monetary Fund publishes Morocco selected issues report on capital budgeting, infrastructure spending efficiency and productivity

    The International Monetary Fund published a “Selected Issues” country report for Morocco (Country Report No. 2026/073) examining capital budgeting and public expenditure, expenditure efficiency and infrastructure, and themes related to national accounts, production, productivity, and public financial management. The 34-page report is identified by DOI 10.5089/9798229042338.002.

    ResearchFintech and insurtech
  • 2026-03-30GlobalInternational Monetary Fund

    International Monetary Fund publishes Morocco Article IV consultation and Flexible Credit Line review noting 4.8% growth and a 3.5% fiscal deficit

    The International Monetary Fund published the staff report and related documents for Morocco’s 2026 Article IV consultation and review under the Flexible Credit Line arrangement, highlighting faster growth, low inflation, a modestly wider external deficit and continued fiscal consolidation. It notes real GDP growth of 4.8% in 2025 Q1–Q3, a neutral monetary policy stance by Bank Al-Maghrib, a faster-than-expected reduction of the fiscal deficit to 3.5% of GDP, and progress on structural reforms and social strategies. It also links Morocco’s hosting of major international events, including the 2030 FIFA World Cup, and S&P’s upgrade to investment grade to stronger investor confidence and new growth opportunities.

    Research
  • 2026-03-30GlobalInternational Monetary Fund

    International Monetary Fund outlines how the Middle East war is transmitting shocks through energy, trade and financial markets

    The International Monetary Fund warns that the war in the Middle East is raising energy prices, disrupting supply chains and tightening financial conditions, pushing up inflation and slowing growth, especially for energy importers and countries with weak fiscal and external buffers. It flags severe energy supply risks from potential disruptions in the Strait of Hormuz, higher freight and insurance costs, and greater food insecurity in low‑income countries, alongside increased market volatility and tougher refinancing conditions for governments and firms in emerging and low‑income economies.

    ResearchEconomic data and developmentsFinancial stability and systemic risk
  • 2026-03-30GlobalInternational Monetary Fund

    International Monetary Fund concludes Cameroon Article IV consultation and urges fiscal consolidation and stronger debt and financial sector governance

    The IMF Executive Board concluded its 2026 Article IV consultation with Cameroon, citing slower 2025 growth from election-related disruptions, a weakened fiscal position, and a wider current account deficit, but a cautiously favorable outlook with growth expected to recover in 2026 under a tighter fiscal stance. Directors urged sustained fiscal consolidation, stronger revenue mobilization, tighter expenditure controls, completion of fuel subsidy reforms with an automatic fuel price mechanism and targeted support, reinforced debt management amid high debt distress risks, and vigilance over financial sector vulnerabilities, including elevated non-performing loans and the sovereign-bank nexus. They also called for faster anti-money laundering and counter-terrorist financing reforms to support Cameroon’s exit from the FATF grey list and noted continued engagement under the Post-Financing Assessment framework.

    Policy & regulationInternational standards & recommendationsEconomic data and developments
  • 2026-03-30CanadaDepartment of Finance (Canada)

    Department of Finance Canada mobilises FINTRAC and financial institutions in a follow-the-money strategy against extortion

    The Department of Finance Canada outlined a national “follow-the-money” strategy to better detect, disrupt, and prevent extortion by strengthening financial intelligence collection and sharing, with a focus on Québec and Montréal. The initiative mobilises the Financial Transactions and Reports Analysis Centre of Canada through embedded liaison officers, reprioritised analytical resources, a new Countering Extortion Partnership, and targeted guidance, producing a more than threefold increase in extortion-related financial intelligence disclosures. It aligns with broader federal measures, including CAD 1.7 billion in additional Royal Canadian Mounted Police capacity, work toward a new Financial Crimes Agency by spring 2026, and Bill C-12 reforms to increase anti-money laundering and anti-terrorist financing penalties.

    Policy & regulationImplementation, projects & pilots
  • 2026-03-30British Virgin IslandsBritish Virgin Islands Financial Services Commission

    British Virgin Islands Financial Services Commission launches Legitimate Interest transactions for beneficial ownership register inspection requests and reiterates filing deadlines and transitional penalties

    The British Virgin Islands Financial Services Commission issued an industry circular ahead of the 1 April 2026 launch of Legitimate Interest transaction functionality for inspection requests of the Beneficial Ownership Register, outlining timelines for objections, appeals and processing. The circular also details operational requirements for Registered Agents, changes to VIRRGIN and VIRRGIN Lite access, a USD 125 filing fee for beneficial ownership information, and transitional penalties of up to USD 1,400 per entity from 1 January 2026.

    Policy & regulationGuidance & interpretationBeneficial ownership
  • 2026-03-30CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario publishes first enforcement annual report reporting 100 actions initiated and CAD 1.2 million in penalties

    The Financial Services Regulatory Authority of Ontario published its first Enforcement Annual Report for 2024/25, highlighting increased enforcement activity in both volume and impact, underpinned by a stronger supervisory framework and expanded legal powers. FSRA initiated 100 enforcement actions, nearly doubled the volume of sanctions over two years, imposed CAD 1.2 million in administrative monetary penalties, and revoked or refused 25 licences in the mortgage and insurance sectors.

    EnforcementEnforcement statistics
  • 2026-03-30CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario refuses to renew Rajesh Narayanan Ramdass Raja’s life and accident and sickness insurance agent licence

    The Financial Services Regulatory Authority of Ontario has refused to renew the life insurance and accident and sickness insurance agent licence of Rajesh Narayanan Ramdass Raja. FSRA found him unsuitable under Ontario’s Insurance Act due to repeated submission of applications with false or misleading information and allowing others to use his agent code to submit fraudulent business, and issued the order following a settlement with him.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2026-03-30GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance to submit amendment postponing mandatory rent payments via bank accounts to 1 October

    Greece’s Ministry of National Economy and Finance will submit an amendment to Parliament to defer the planned requirement for rent to be paid via a bank account. The start date will be pushed from 1 April to 1 October, extending the deadline through end-September to allow for technical adjustments and avoid operational disruptions.

    Policy & regulationRules & requirementsOther
  • 2026-03-30United StatesNational Credit Union Administration

    National Credit Union Administration releases streamlined Phase 1 charter application system and targets full automation in 2027

    The National Credit Union Administration has launched a streamlined Phase 1 system for new credit union charter applications to standardise and reduce burdens in the early stages, including preliminary approval of a proposed credit union’s field of membership. The initiative, backed by a USD 2 million NCUA Board approval in December 2024, will be expanded in further phases, with a fully automated charter application processing system expected in 2027.

    Policy & regulationImplementation, projects & pilotsLicensing framework and process
  • 2026-03-30EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority orders weekly Sunday remote work across non-banking financial firms in April 2026

    The Egypt Financial Regulatory Authority has instructed supervised non-banking financial institutions to implement remote working on Sundays during April 2026, as appropriate to their activities, to support operational readiness and business continuity amid regional developments. Firms must ensure uninterrupted delivery of services, maintain service quality and internal efficiency, keep digital platforms and support channels fully operational, and strengthen cybersecurity and coordination across branches and departments.

    Policy & regulationImplementation, projects & pilotsOperational risk and resilience
  • 2026-03-30MauritiusBank of Mauritius

    Bank of Mauritius terminates Silver Bank conservatorship and appoints KPMG Mauritius’ Huns Biltoo as receiver

    The Bank of Mauritius has terminated the conservatorship of Silver Bank Limited and appointed Mr Huns Biltoo of KPMG Mauritius as receiver, citing the bank’s financial position and the absence of a complete application from the only prospective acquirer. The conservatorship, initiated in February 2024 under section 65 of the Banking Act 2004, was ended under section 67(1)(b), and receivership imposed under section 75 after extensions failed to yield a complete acquisition application. Further information, including claims procedures, will be provided by the receiver.

    SupervisionInterventionsRecovery and resolution
  • 2026-03-30Costa RicaCentral Bank of Costa Rica

    Central Bank of Costa Rica releases monthly economic conditions report analysing developments through March 2026

    The Central Bank of Costa Rica published its monthly economic conditions report reviewing developments through March 2026. The report covers output, employment and wages, external trade, public finances, monetary and financial accounts, the foreign exchange market, prices, and international economic indicators.

    Data & statisticsEconomic data and developmentsMonetary data
  • 2026-03-30EuropeEuropean Third Party Providers Association

    European Third Party Providers Association urges EU institutions to accelerate FiDA talks to prevent open finance being shaped by Big Tech ecosystems

    The European Third Party Providers Association urged EU institutions to keep the proposed Financial Data Access Regulation on the agenda and accelerate trilogue negotiations, warning that delays or withdrawal would leave open finance to develop via proprietary, non-EU data ecosystems as AI-driven consumer finance expands. It highlighted growing consumer use of generative AI tools for financial advice, risks of unregulated data collection and reliance on US infrastructures, and disputed claims that the framework would mainly benefit Big Tech. The paper supports FiDA but calls for more progressive implementation, clearer use case prioritisation, stronger cybersecurity and operational focus, and early investment in data infrastructure and interoperability.

    Policy & regulationReform agendas & prioritiesFintech and insurtechArtificial intelligence
  • 2026-03-30CanadaOntario Securities Commission

    Ontario Securities Commission seeks feedback on building a machine-readable dataset of securities rules and regulatory documents

    The Ontario Securities Commission has outlined plans and requested feedback on developing a machine-readable dataset of Ontario securities rules and related regulatory documents to improve access, clarity and usability for capital market participants and reduce compliance burden. The project, informed by 2025 feasibility work with RegGenome on machine-assisted annotation, will guide next steps and support the Commission’s 2026–2027 priority to develop a proof of concept for a machine-readable version of Ontario’s securities regulation.

    Policy & regulationImplementation, projects & pilotsRegulatory burden
  • 2026-03-30ChileChile Financial Market Commission

    Chile Financial Market Commission keeps six banks designated as systemically important and lifts Banco del Estado de Chile’s additional core equity requirement to 1.5%

    The Chile Financial Market Commission has completed its annual assessment of systemically important banks, maintaining the designation of six banks and increasing the additional core equity requirement for Banco del Estado de Chile. Additional core equity requirements, as a share of risk-weighted assets, remain at 1% for Banco Itaú Chile, 1.25% for Banco de Chile and Scotiabank Chile, and 1.5% for Banco Santander-Chile and Banco de Crédito e Inversiones, while Banco del Estado de Chile rises from 1.25% to 1.5%. The assessment, under Chapter 21-11 of the Updated Compilation of Banking Regulations, is in its fifth year and the additional requirements must be met in December 2026.

    Policy & regulationRules & requirementsFinancial stability and systemic riskPrudential risks
  • 2026-03-30ChileChile Financial Market Commission

    Chile Financial Market Commission publishes February 2026 performance report for supervised banks and cooperatives

    The Chile Financial Market Commission published its February 2026 report on the performance of the banking system and savings and credit cooperatives, covering activity, risk and results indicators. Banks recorded a 1.07% real annual contraction in total loans to USD 316,140 million, mixed credit risk metrics, and a 4.65% real decline in cumulative profits to USD 991 million, with return on equity at 14.81%. Savings and credit cooperatives saw loans grow 7.42% in real terms to USD 4,130 million but reported weaker asset quality and a 21.15% real drop in cumulative results to USD 15 million, with lower profitability.

    SupervisionRisk monitoring & watch pointsSupervision process and methodologies
  • 2026-03-30ChileChile Financial Market Commission

    Chile Financial Market Commission publishes February 2026 performance report showing bank loans down 1.07% and profits down 4.65%

    The Chile Financial Market Commission published performance data for supervised banks and savings and credit cooperatives as of February 2026, showing a 1.07% year-on-year real decline in bank loans to USD 316,140 million and a 4.65% fall in cumulative bank profits to USD 991 million, alongside mixed credit risk indicators and lower returns on equity. Savings and credit cooperatives recorded 7.42% loan growth to USD 4,130 million but a 21.15% drop in cumulative results to USD 15 million, with rising credit risk and weaker profitability.

    SupervisionRisk monitoring & watch pointsSupervision process and methodologies
  • 2026-03-30UgandaUganda Capital Markets Authority

    Uganda Capital Markets Authority launches year-long 30th anniversary programme and reports UGX 15.9 trillion domestic market capitalization

    The Uganda Capital Markets Authority launched its 30th anniversary with a year-long outreach programme, highlighting its record in market supervision, investor protection and innovation, including strengthened enforcement, the Investor Compensation Fund and a regulatory sandbox. It reported that Uganda’s markets had raised UGX 2.3 trillion in public equity, UGX 290 billion in corporate bonds and over UGX 1.8 trillion in private markets, with domestic market capitalization at UGX 15.9 trillion and collective investment schemes mobilizing UGX 5.6 trillion. The authority also noted growth in investor accounts and said listed companies employed more than 11,000 Ugandans, contributed UGX 2.45 trillion in taxes and paid over UGX 1.15 trillion in dividends.

    Financial literacy & educationMarket developmentFinancial inclusion
  • 2026-03-30United StatesFederal Reserve Board

    Federal Reserve Board research assesses payment stablecoins for cross-border payments and implications for monetary policy implementation

    The Federal Reserve Board published a FEDS Notes analysis on how payment stablecoins defined under the Genius Act could reduce frictions in cross-border payments and affect monetary policy by changing demand for central bank liabilities and other safe assets. The note assesses reserve-asset backing strategies for payment stablecoins, highlighting impacts on bank balance sheets, U.S. Treasury bill markets, and Federal Reserve balances, and concludes that large-scale adoption could require recalibration of reserve management amid volatile flows between banks and stablecoin issuers.

    ResearchStablecoinsPayments and payment systems
  • 2026-03-30ColombiaCentral Bank of Colombia

    Central Bank of Colombia highlights RCN report on cooperatives adopting Bre-B for real-time payments

    The Central Bank of Colombia published a press clipping highlighting an RCN news article on the use of the Bre-B instant payments system by savings and credit cooperatives. The article describes how these cooperatives are leveraging Bre-B to modernise their services and expand access to digital financial services beyond the traditional banking sector in Colombia.

    Financial literacy & educationOther
  • 2026-03-30CanadaOffice of the Superintendent of Financial Institutions

    Office of the Superintendent of Financial Institutions details June 2026 streamlined approvals framework and targeted capital recalibration

    The Office of the Superintendent of Financial Institutions outlined its risk priorities and agenda, emphasizing integrity and security risks, including cyber risk, and resilience amid slowing growth and geopolitical uncertainty. Key prudential initiatives include proposed reductions in risk weights for some SME loans, intensified supervision of non-bank financial institution exposures and synthetic risk transfer transactions, and alignment of its Credit Risk Management Guideline with international principles. OSFI will launch a streamlined approvals framework in June 2026 for eligible new entrants and confirmed that the Domestic Stability Buffer range of 0% to 4% remains appropriate, with the buffer at 3.5%.

    SupervisionSupervision approach, priorities & toolkitFinancial stability and systemic riskPrudential risks
  • 2026-03-30NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues governance standard requiring one third independent directors and stricter board and auditor tenure limits

    The Namibia Financial Institutions Supervisory Authority has issued a governance standard for regulated entities under the Financial Institutions and Markets Act, 2021. It requires boards to have one-third independent directors, an independent chairperson, annual performance reviews, stronger risk and control frameworks, and continued oversight of outsourced functions. The standard also caps non-executive director tenure at three consecutive three-year terms and auditor tenure at five consecutive years unless the regulator approves otherwise.

    Policy & regulationRules & requirements
  • 2026-03-30VietnamState Bank of Vietnam

    State Bank of Vietnam urges Vietnam Association of People’s Credit Funds to accelerate digital transformation and support the 2025–2030 restructuring of cooperative credit institutions

    The State Bank of Vietnam reported on the Vietnam Association of People’s Credit Funds’ 5th term congress, which set priorities for strengthening system-wide coordination and supporting member People’s Credit Funds to develop safely and sustainably. The new executive committee will develop an action programme to implement the congress resolution and coordinate the 2025–2030 restructuring of the People’s Credit Fund system and Vietnam Cooperative Bank, with a longer-term orientation to 2045. The State Bank also stressed supporting members through organisational changes and enhancing digital transformation, training, internal rules, professional ethics, and shared IT and digital infrastructure.

    Policy & regulationReform agendas & prioritiesOther
  • 2026-03-30NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority sets approval and investor protection rules for collective investment scheme transfers mergers and reorganisations

    The Namibia Financial Institutions Supervisory Authority has issued a standard governing transfers, mergers and reorganisations of collective investment schemes and portfolios. It requires prior NAMFISA approval and, as a rule, investor consent from holders of 51% in value of participatory interests, while allowing limited exemptions subject to notice, governance and asset-compatibility conditions. Approval depends on investor value being preserved, no unfair prejudice, no majority objection and protection of creditor rights and existing obligations.

    Policy & regulationRules & requirementsOther
  • 2026-03-30VietnamState Bank of Vietnam

    State Bank of Vietnam deputy governor urges Vietcombank to reinforce capital and asset quality while accelerating digital transformation

    The State Bank of Vietnam published remarks by Deputy Governor Pham Tien Dung outlining priority areas for Vietcombank to maintain its leading position while implementing its 2026 conference resolution. He called for stronger financial capacity and capital, tighter asset quality and safety indicators aligned with international standards, accelerated end-to-end digital transformation, enhanced trade union and supervisory roles, and continued workforce training and development.

    Policy & regulationGuidance & interpretationOther
  • 2026-03-30BahamasCentral Bank of the Bahamas

    Central Bank of the Bahamas selects Montran to build a fast payment system targeted for launch by the first quarter of 2027

    The Central Bank of the Bahamas has selected Montran Corporation to design and implement a national Fast Payment System (FPS), expected to launch by the first quarter of 2027. The FPS, owned and operated by the Central Bank, will provide real-time domestic payments settlement interoperable with the Automated Clearing House, the Bahamas Inter-bank Settlement System and the SandDollar central bank digital currency, and will include commercial banks, credit unions, licensed payment service providers, the government and the National Insurance Board as participants.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2026-03-30NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority revises CIS transfer and merger standard after industry feedback

    The Namibia Financial Institutions Supervisory Authority published industry comments and responses on its draft standard for CIS transfers, mergers and reorganizations, indicating several accepted revisions. These include clearer transaction definitions, removal of an overlapping business transfer clause, and confirmation that investor approval must be obtained before seeking NAMFISA approval. It kept a principles-based approach on timing, disclosure and prejudice assessments rather than adding fixed procedural thresholds.

    Policy & regulationGuidance & interpretationOther
  • 2026-03-30NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority issues governance standard for financial markets entities with one third independent directors and auditor rotation

    The Namibia Financial Institutions Supervisory Authority has issued a governance standard for all registered financial markets entities under the Financial Institutions and Markets Act, 2021. It requires one-third independent directors, an independent board chair, annual board evaluations, stronger conflict and outsourcing controls, and formal risk and information technology governance. The standard also sets tenure limits for non-executive directors and five-year rotation limits for auditors, subject to regulatory approval for longer service.

    Policy & regulationRules & requirements
  • 2026-03-30NorwayNorwegian Finanstilsynet

    The Financial Supervisory Authority of Norway sets out ELTIF 2 implementation enabling ELTIFs to be established in Norway from 1 April 2026

    The Financial Supervisory Authority of Norway has announced amendments to the Alternative Investment Fund Act and related regulations to apply the revised European long-term investment funds framework (ELTIF 2) in Norway, enabling the establishment of ELTIFs under Regulation (EU) 2023/606 from 1 April 2026. Delegated Regulation (EU) 2024/2759 will also be incorporated from that date, aligning technical regulatory standards with ELTIF 2 and complementing Delegated Regulation (EU) No 480/2018.

    Policy & regulationRules & requirementsOther
  • 2026-03-30NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority urges DORA firms to check and correct rejected Register of Information filings after EBA validation

    The Norwegian Financial Supervisory Authority has reminded entities in scope of the Digital Operational Resilience Act that some Register of Information submissions for information and communication technology service agreements, filed by 13 March 2026 and forwarded to the European Banking Authority, were rejected and require correction. Firms must check submission status in the e-Reg production environment, review EBA error feedback for any rejected filings, correct the issues, and resubmit via e-Reg.

    SupervisionRegulatory reporting
  • 2026-03-30NamibiaNamibia Financial Institutions Supervisory Authority

    Namibia Financial Institutions Supervisory Authority finalizes feedback on FIM Act subordinate legislation and posts updated standards

    NAMFISA has completed its review of industry comments from the formal consultation on subordinate legislation under the Financial Institutions and Markets Act, 2021. The finalized feedback covers governance and CIS-related standards, and the updated final versions have been posted on the authority's website.

    Policy & regulationGuidance & interpretationCorporate governance