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2026-03-19•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama's January 2026 Banking Activity Report indicates robust growth in the International Banking Center, with deposits up 8% to USD 117,466 million and a 5.4% increase in the net loan portfolio to USD 100,348.3 million. Liquidity and capital ratios exceeded regulatory minima, with a legal liquidity index of 56.15% and a capital adequacy index of 16.27%. Net profit rose slightly to USD 253.6 million, while profit before provisions increased by 8.0%.
SupervisionRisk monitoring & watch pointsAsset qualityCapital adequacyLiquidity risk
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2026-03-19•Mexico•Central Bank of Mexico
The Central Bank of Mexico has initiated a public consultation on proposed amendments to rules for financial institutions and the Interbank Electronic Payment System (SPEI) to enhance the mobile electronic fund transfer experience. The amendments target Circular 3/2012 and Circular 14/2017, aiming for a more uniform and intuitive process for mobile transfers.
Policy & regulationRules & requirementsPayments and payment systems
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2026-03-19•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved Euro Invest Management AD’s EUR 25 million bond issue for trading on a regulated market. The Commission also admitted three candidates to the May 2026 investment consultant exam and rejected Cu500 Europe EOOD’s crypto-asset services provider licence application due to incomplete documentation.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-19•Japan•Japan Financial Services Agency
The Japan Financial Services Agency, UK Treasury, Bank of England, and Financial Conduct Authority issued a joint statement after the Japan-UK Financial Regulation Forum in Tokyo, focusing on digital finance, sustainable finance, and other key regulatory topics. The discussions are part of ongoing cooperation under the Japan-UK Economic Partnership Agreement.
Policy & regulationCooperationCross-border cooperationClimate risk and sustainable financeArtificial intelligence
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined five exchange offices in Bishkek KGS 55,000 each for violating foreign currency exchange regulations. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unlicensed cash foreign currency exchange transactions.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Naryn regional department conducted a lecture at Zh. Mambetov secondary school in Ak-Talaa village, focusing on financial literacy. Topics included activating and removing the self-ban on loans in the Tunduk application and understanding "dropping."
Financial literacy & educationFinancial literacy and education
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has suspended the licence of AktilekMik LLC's exchange bureau from 20 March to 3 April 2026 due to violations of national legislation and central bank regulations.
EnforcementSanctions & designationsUnlicensed or unauthorized activity
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined three individuals KGS 17,500 for unauthorized cash foreign currency exchange transactions in Bishkek. The transactions were conducted without a National Bank licence.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released draft revisions to the Comprehensive Supervisory Guidelines for Insurance Companies, focusing on small-amount and short-term insurers, and opened them for public comment. The revisions aim to enhance claims management and business promotion frameworks, clarify co-insurance contract supervision, and incorporate recommendations from recent industry reports. A comparison table of the old and new text and related public comment materials were published.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-03-19•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released a draft revision to the Comprehensive Supervision Guidelines for Insurance Companies, focusing on small and short-term insurers, for public comment. It aligns with planned amendments to the Enforcement Regulations of the Insurance Business Act, aiming to enhance practices at multi-tied insurance agencies. The revisions are based on reports from the Expert Meeting on Structural Issues and Competition in the Non-life Insurance Industry and the Financial Services Council Working Group.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-03-19•Japan•Japan Financial Services Agency
Japan's Financial Services Agency has released a draft revision to its Comprehensive Supervision Guidelines for Insurance Companies, focusing on small-amount and short-term insurers, to align with the amended Insurance Business Act. The draft is open for public comment and aims to synchronize supervisory guidelines with recent legislative changes.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-03-19•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America (GAFILAT) conducted an intensive course in Costa Rica to prepare its anti-money laundering and counter-terrorist financing (AML/CFT) authorities for a mutual evaluation. Supported by experts from Spain, the program focused on the effectiveness of the AML/CFT framework and the mutual evaluation process. Participants included GAFILAT’s Executive Secretariat and Costa Rican authorities.
Institutional developmentCooperation & capacity buildingCapacity buildingAML and CFT
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2026-03-19•Israel•Bank of Israel
The Bank of Israel published updated statistics on inflation expectations, comparing market-implied breakeven inflation with survey forecasts, bank measures, and inflation contract pricing. Current one-year inflation expectations are 1.5% from the capital market, 1.7% from forecasts, 1.9% from banks, and 1.8% from contracts. Forward expectations for the second year are 1.7%, rising to 2.2% for years 3–5, then declining to 1.5% for years 5–10.
Data & statisticsOther
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2026-03-19•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its Bank Lending Survey for Q4 2025, indicating stable lending standards and terms for new credit. While enterprise loan demand remained unchanged, household borrowing demand increased, particularly for consumer and other loans.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-03-19•Angola•National Bank of Angola
The National Bank of Angola and the South African Reserve Bank's Prudential Authority conducted a banking supervision exercise at Standard Bank Angola from 3 to 5 March. This collaboration, under their memorandum of understanding, included discussions on banking sector performance, regulatory developments, and supervisory processes, as well as meetings with Standard Bank Angola's key personnel and external auditors.
SupervisionCooperationCross-border cooperation
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2026-03-19•Angola•National Bank of Angola
The National Bank of Angola announced that domestic-currency credit to the economy rose to AOA 7.2 trillion in January, marking an 18.9% increase from January 2025.
Data & statisticsLending
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2026-03-19•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) released its first execution report for the 2025 Annual Supervision and Monitoring Programme, detailing 72 inspection procedures across 70 closed pension funds (EFPC) and generating 1,057 supervisory acts. The report highlights a shift to risk-based supervision and segmentation of the supervised population, with 96% of planned procedures executed. Key outputs included 233 determinations, 367 recommendations, and four infringement notices, with ongoing monitoring covering 103 entities and 191 plans.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2026-03-19•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance has issued circulars detailing registration fees for Insurance Producer Advisers (PAS), PAS companies, and Agentes Institorios. Fees are ARS 33,000 for individual PAS, ARS 132,000 for PAS companies, and ARS 210,000 for Agentes Institorios, with surcharges applied for late payments.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-03-19•Europe•European Parliament
European Parliament President Roberta Metsola urged EU leaders to advance competitiveness measures, emphasizing progress on the Savings and Investments Union and reviewing outdated regulations. She advocated for the "One Europe, One Market" initiative with fixed timelines and full European Parliament involvement. Metsola also highlighted Europe's energy vulnerabilities and geopolitical concerns, including Iran, Gulf attacks, Cyprus, and Russia's war in Ukraine.
Policy & regulationReform agendas & prioritiesOther
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2026-03-19•Pakistan•State Bank of Pakistan
The State Bank of Pakistan's Quarterly Report on Payment Systems for Q4 2025 highlights 3.4 billion retail transactions, with 92% via digital channels, totaling PKR 167 trillion. Mobile app payments dominated, accounting for 2.6 billion transactions worth PKR 40 trillion. The Raast Instant Payment System processed 645.7 million transactions valued at PKR 18.5 trillion, with significant person-to-person and person-to-merchant activity.
Data & statisticsOther
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2026-03-19•Mexico•Central Bank of Mexico
The Central Bank of Mexico received the Digital Transformation Award 2026 from Central Banking Publications for modernizing its systems with an Autonomous Decentralized Service-Oriented Architecture. This migration enhances the resilience and adaptability of core systems for financial market operations. The bank's efforts align with its mandate to maintain low inflation, promote financial system development, and ensure smooth payment systems.
Institutional developmentTechnology & data transformationOperational excellence
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2026-03-19•Japan•Japan Financial Services Agency
The Japan Financial Services Agency and the Bermuda Monetary Authority held a bilateral meeting in Tokyo to discuss insurance regulatory and supervisory developments. The meeting addressed key issues from the International Association of Insurance Supervisors, emphasizing the need for enhanced cross-border coordination among national insurance supervisors.
Policy & regulationCooperationCross-border cooperation
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2026-03-19•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) and the Metropolitan Municipality of Lima inaugurated the Lima Ahorra fair as part of Global Money Week, focusing on interactive financial education. The event features 31 public and private entities offering activities on saving, financial product use, and financial education talks, under the theme “Let’s talk clearly about money.”
Financial literacy & educationFinancial literacy and education
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2026-03-19•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) announced that the British Columbia Court of Appeal upheld a Supreme Court order mandating Earle Douglas Pasquill to forfeit payments from two Life Income Fund accounts to the BCSC to settle outstanding sanctions. Pasquill owes CAD 36.7 million, including a CAD 15 million penalty and CAD 21.7 million in ill-gotten gains, with no payments made. The Court also dismissed the BCSC's cross-appeal for a receiver appointment.
EnforcementSanctions & designationsFraud and scams
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2026-03-19•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency has opened registration for its 2026 in-person workshops for board directors and senior management of national community banks and federal savings associations. The programme includes six full-day workshops on management, risk governance, compliance risk, credit risk, operational risk, and asset management, plus a half-day session on capital markets. Details on the schedule, locations, and costs are available on the OCC’s website.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2026-03-19•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has updated benchmark amounts for determining maximum credit in the Caribbean Netherlands, effective 1 April 2026. These benchmarks, reflecting 2025 consumer price index increases, vary by household composition and island, and are used in creditworthiness assessments for mortgages and consumer credit. The updates are incorporated into a revised table in the Financial Markets BES Regulation 2012.
Policy & regulationRules & requirementsLending
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2026-03-19•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren criticized the U.S. Senate Committee on Banking, Housing and Urban Affairs' Basel III proposal, claiming it would weaken safeguards by reducing large banks' loss-absorbing capital. She argued the proposal results from big banks' lobbying and would increase risks by allowing more debt-funded activities, potentially leading to higher payouts for shareholders and executives while reducing small business and family lending.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2026-03-19•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren has requested information from Federal Reserve chair nominee Kevin Warsh about his name in materials released under the Epstein Files Transparency Act. The inquiry seeks to clarify Warsh's potential interactions with Jeffrey Epstein before his nomination hearing. Warren and other Democrats have also urged delaying Warsh's hearing pending investigations against Federal Reserve officials Jerome Powell and Lisa Cook.
SupervisionRisk monitoring & watch pointsOther
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2026-03-19•Brazil•Central Bank of Brazil
The Central Bank of Brazil released its Financial Stability Research, known as Pesquisa de Estabilidade Financeira (PEF).
ResearchFinancial stability and systemic risk
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2026-03-19•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on the National Currency Printing Factory's 2026 workers’ congress, highlighting the completion of the 2025 production plan and setting 2026 priorities on banknote quality, cost control, and modernization. The factory aims to reduce defective output, cut production costs, and advance the NH.09B project for a new plant. Commendations were awarded to factory teams and individuals for their achievements.
Institutional developmentMandate & organizational structureOther
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2026-03-19•Peru•Central Bank of Peru
The Central Bank of Peru reported a 51.8% year-on-year increase in traditional exports to USD 7,855 million in January 2026, driven by higher prices for gold and copper. Non-traditional exports rose 0.9% to USD 1,976 million, with notable growth in fresh grapes, blueberries, mangoes, and frozen jumbo squid, despite lower export prices. Hydrocarbon exports declined due to reduced volumes and lower prices.
Data & statisticsBalance of payments and other external statistics
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2026-03-19•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has introduced a streamlined Approval in Principle process to provide an expedited, conditional pre-approval pathway for establishing new investment funds in Bermuda. Complete applications may receive conditional pre-approval within two to three business days, compared with eight business days for standard review, but this does not constitute registration or authorisation under the Investment Funds Act 2006, and funds may not commence business until formal authorisation is granted and all requirements are met.
Policy & regulationImplementation, projects & pilotsLicence approval
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2026-03-19•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has restricted the insurance operating licence of “AtaSigorta” Open Joint-Stock Company, revoking authorisations for various insurance classes following a voluntary request. The cancellation affects motor liability, property, personal accident, medical, travel, and professional liability insurance. Under Article 105.3 of the Law on Insurance Activity, the restriction prohibits concluding new contracts or extending existing ones for these insurance types.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-19•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) warned of fraudsters impersonating regulators, including the OSC, to legitimize unlicensed trading platforms and scams. These schemes involve fake licensing numbers, misuse of OSC branding, and emails impersonating OSC staff, often requesting upfront payments. The OSC emphasized it never solicits funds or promotes investment opportunities and advised verifying suspicious communications through its official website.
SupervisionAlertsFraud and scams
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2026-03-19•United States•Federal Deposit Insurance Corporation
FDIC Chairman Travis Hill endorsed two proposals to modernize the capital framework for large banks. The first implements the 2017 Basel agreement with a risk-sensitive "single stack" approach, while the second updates the standardized approach with adjustments to risk weights and operational risk assessments. Hill emphasized the importance of feedback on operational risk simplification and anticipated a swift conclusion post-comment period.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-19•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, Federal Reserve, and Office of the Comptroller of the Currency proposed revisions to risk-weighted asset measurement for Category I and II banks and those with significant trading activity. Changes include eliminating internal models for credit risk, revising the standardized approach, and updating methodologies for counterparty credit risk and securitization. The proposal also introduces a standardized approach for operational risk and revises the market risk and credit valuation adjustment frameworks.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-19•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, Federal Reserve, and Office of the Comptroller of the Currency proposed revisions to the standardized approach for risk-weighted assets and regulatory capital definitions. Changes include modified risk weights for various exposures, adjustments to counterparty credit risk methodologies, and updates to synthetic risk transactions. The proposal affects Category III and IV banking organizations by including most components of Accumulated Other Comprehensive Income in regulatory capital over a five-year transition.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-19•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) announced proposed rulemaking to modernize the regulatory capital framework, estimating a 6.9% reduction in minimum capital requirements for banks it supervises. The proposals aim to simplify the framework by eliminating multiple risk weight methodologies, addressing complexity issues. The OCC will collaborate with the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve in reviewing public feedback.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-19•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has introduced a streamlined Approval in Principle (AIP) process to expedite new investment funds by providing a conditional pre-approval pathway. Complete applications are reviewed within eight business days, while AIP applicants may receive pre-approval in two to three days. The AIP does not equate to registration or authorisation under the Investment Funds Act 2006, and funds must meet all statutory and regulatory requirements before commencing business.
Policy & regulationImplementation, projects & pilotsLicence approval
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2026-03-19•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) and Major League Baseball (MLB) have signed a Memorandum of Understanding (MOU) to facilitate cooperation and information exchange on issues like safeguarding the integrity of professional baseball and related prediction markets. This agreement aims to enhance response to incidents and anticipate trends, supporting market integrity and participant protection against fraud and manipulation.
Policy & regulationCooperationMarket developmentMarket abuse
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2026-03-19•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) highlighted the "energy revolution" in Governor Antoine’s "Big Push" strategy to double GDP by 2030. Charlin Bodley from the Caribbean Centre for Renewable Energy advocated for renewable energy to enhance fiscal space and create jobs. Five conditions for this transition include leadership, strategic planning, an enabling environment, financing access, and human capital development.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable financeMarket development
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2026-03-19•Europe•European Banking Authority
The European Banking Authority (EBA) published final draft amendments to its Regulatory Technical Standards, reducing the assessment timeframe for institutions' applications to call, redeem, repay, or repurchase own funds and eligible liabilities from four to three months. This change reflects the EBA's confidence in authorities' ability to complete assessments more efficiently. The amendments also adjust consultation periods and remove certain simplified procedures, aligning with Directive (EU) 2024/1174.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-19•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago has launched “Club FINLIT”, a 12‑month pilot financial literacy club for secondary schools under its National Financial Literacy Programme as part of Global Money Week 2026. The initiative targets students aged 13 to 15 in seven schools and includes monthly meetings, competitions, entrepreneurship sessions and leadership roles, with support from partners such as the Trinidad and Tobago Securities and Exchange Commission, the Trinidad and Tobago Stock Exchange and the Deposit Insurance Corporation.
Financial literacy & educationFinancial literacy and education
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2026-03-19•South Africa•South African Reserve Bank
The South African Reserve Bank's Financial Stability Department briefing highlights how global geopolitical risk (GPR) shocks impact small open emerging market economies, affecting sovereign risk premiums and banks' balance sheets. GPR shocks are inflationary, depreciate currencies, weaken demand, and tighten financial conditions. Macroprudential policies stabilize credit and output but create an inflation-output trade-off. Empirical analysis shows a positive relationship between GPR and Emerging Markets Bond Index Global spreads, with significant coefficients for South Africa, Brazil, and India.
ResearchGeopolitical riskFinancial stability and systemic risk
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2026-03-19•Ireland•Central Bank of Ireland
The Central Bank of Ireland has issued a warning notice against Suisse Equity, stating it is not authorised to operate as an investment firm or business in Ireland. The notice, published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013, links Suisse Equity to the website suisseequity.com.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-19•Colombia•Central Bank of Colombia
The Central Bank of Colombia announced that Bre-B, the country's instant payments system, won a Central Banking Awards 2026 prize for "Payments and market infrastructure development – retail segment." The award recognizes Bre-B's agile implementation, proactive regulation, and effective market adoption, enhancing Colombia's retail payments infrastructure. The system complements high-value payments with a fast, interoperable retail capability, operational since 2025.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-03-19•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
The Superintendence of the Securities Market of the Dominican Republic reported significant growth and diversification, with total placements exceeding DOP 3 trillion. Sovereign debt remains dominant, though its market share has decreased to 85%, while corporate bonds and investment funds have increased to 12%. Superintendent Ernesto Bournigal emphasized financial education initiatives and highlighted over DOP 15 billion invested in renewable energy.
Financial literacy & educationMarket development
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2026-03-19•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) held a Beijing roundtable, chaired by Wu Qing, with major institutional investors to discuss capital market development for the 15th Five-Year Plan. Key topics included a market stabilization mechanism with "Chinese characteristics," encouraging medium- and long-term investments, and enhancing investor returns. Proposals also focused on deepening investment-side reforms and improving market inclusiveness and stability.
Policy & regulationReform agendas & prioritiesMarket development
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2026-03-19•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) will launch a Disgorgement Distribution Program on April 1, 2026, allowing funds from disgorgement orders to be distributed to financially harmed investors. The program introduces eligibility criteria, governance controls, and oversight mechanisms, while investors can still pursue existing recovery avenues. Further details, including eligibility and process information, have been published by CIRO.
Policy & regulationImplementation, projects & pilotsComplaints and dispute resolution
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2026-03-19•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) launched a pilot project allowing eligible venture issuers on the TSX Venture Exchange Inc. or CNSX Markets Inc. to opt for semi-annual financial reporting under Coordinated Blanket Order 51-933. This exempts them from filing first- and third-quarter reports required by National Instrument 51-102. The CSA plans to use insights from this pilot to develop broader rules on voluntary semi-annual reporting.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2026-03-19•United States•U.S. Securities & Exchange Commission
SEC Chair Paul S. Atkins outlined an "A-C-T" framework at SEC Speaks, focusing on market-aligned rules, clarifying SEC-CFTC jurisdiction, and transforming regulatory requirements to reduce burdens. He emphasized moving away from "regulation by enforcement" in crypto markets, harmonizing definitions with the CFTC, and revising disclosure and reporting regimes. Atkins invited market feedback on the SEC's token guidance and broader agenda.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2026-03-19•Moldova•National Bank of Moldova
National Bank of Moldova on 19 Mar 2026 left the base rate at 5.00 %, overnight lending/deposit rates at 7.00 %/3.00 %, the repo at 5.25 % and reserve ratios at 18 % (MDL) and 26 % (FX), noting February inflation at 5.06 % is within its 5 % ± 1.5 pp target band. The Board warned that Strait of Hormuz–driven energy price rises pose upside risks and said it is ready to tighten if sustained cost pressures trigger second-round effects.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•China•Central Bank of the Republic of China
The People's Bank of China held discussions with Hong Kong officials, including Financial Secretary Chen Maobo, on enhancing financial cooperation and connectivity between mainland China and Hong Kong. Key topics included strengthening Hong Kong's offshore renminbi market and its role as an international financial centre.
Policy & regulationCooperationCross-border cooperation
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2026-03-19•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority hosted the second IFSCA Talent Summit at GIFT City, focusing on developing a future-ready talent pipeline for GIFT IFSC. The event emphasized global career opportunities, industry-academia collaboration, and the role of foreign universities in education. Key speakers highlighted priorities such as social infrastructure, human resource development, and tax policies for GIFT IFSC.
Other
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2026-03-19•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) reported non-compliance among capital market intermediaries (CMIs) in the GIFT International Financial Services Centre regarding "substance" requirements. Inspections revealed inadequate infrastructure, absence of key personnel, and conflicts of interest, leading to regulatory action under the IFSCA Capital Market Intermediaries Regulations, 2025. IFSCA advised all CMIs to adhere strictly to the regulations and guidelines.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2026-03-19•Czech Republic•Czech National Bank
Czech National Bank held the two-week repo rate at 3.50 %, with the discount and Lombard rates unchanged at 2.50 % and 4.50 % respectively, after the 25 bp repo cut in February 2026; no macro commentary or forward guidance was offered.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance highlighted Eurogroup President Kyriakos Pierrakakis's statement at the Eurozone Summit, linking the Middle East crisis to rising costs and uncertainty in Europe. The strategy focuses on crisis management and long-term economic strengthening, emphasizing support for households and businesses, removing EU trade barriers, and enhancing the euro's international role. The response will depend on the Strait of Hormuz's closure duration, influencing whether measures are national or European.
Policy & regulationReform agendas & prioritiesGeopolitical risk
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2026-03-19•Europe•European Central Bank
European Central Bank left the deposit facility, main refinancing and marginal lending rates at 2.00%, 2.15% and 2.40%, keeping June’s stance while monitoring Middle East conflict risks to inflation and growth. APP and PEPP run-offs continue and staff now forecast headline inflation falling from 2.6% in 2026 to 2.0% in 2027, with the Council staying data-dependent.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Ukraine•National Bank of Ukraine
The National Bank of Ukraine held its key policy rate at 15 %, postponing the easing outlined in January amid higher energy prices, February inflation of 7.6 % y/y and worsening expectations. Stressing the need to sustain hryvnia demand and reserves of almost USD 55 bn, the NBU signalled it will pause cuts and stands ready to raise rates if external and inflationary pressures grow.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Greece•Bank of Greece
The Bank of Greece released provisional residential property price indices indicating a 7.6% year-on-year increase in apartment prices for Q4 2025, with an average annual rise of 7.8% compared to 9.1% in 2024. New apartments saw a 7.4% price increase, while old apartments rose by 8.1% in 2025. Regional price growth varied, with Athens at 6.2%, Thessaloniki at 9.6%, other cities at 9.8%, and other areas of Greece at 8.8% for the year.
Data & statisticsFinancial and market indicators
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2026-03-19•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority hosted the second IFSCA Talent Summit 2026 at GIFT City, focusing on workforce development for the GIFT International Financial Services Centre and positioning it as a hub for international financial services careers. The event emphasised industry–academia collaboration, the role of foreign university branch campuses in providing industry-relevant education, and included announcements on employment initiatives and new programmes. IFSCA Chairperson K. Rajaraman said recommendations from the first summit have been acted upon and ideas from the 2026 edition will also be pursued.
Institutional developmentWorkforce & recruitmentOther
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2026-03-19•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority published findings from supervisory visits assessing whether Capital Market Intermediaries in the GIFT IFSC maintain adequate on-the-ground substance, identifying multiple non-compliance instances and initiating regulatory action. Issues included closed or unattended offices during business hours, absence or dual-hatting of Principal and Compliance Officers, poor awareness of the regulatory framework, deficient operational infrastructure, remote trading inconsistent with jurisdictional requirements, and conflicts of interest where Compliance Officers also handled trading. The authority reminded intermediaries to ensure substance and strict adherence to the IFSCA Capital Market Intermediaries Regulations, 2025 and related guidance.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2026-03-19•Russia•Central Bank of Russia
The Central Bank of Russia has extended the suspension of money transfers abroad by non-residents from unfriendly states for another six months starting 1 April 2026. This applies to transfers from brokerage and trust management accounts of individuals and legal entities with Russian brokers and trustees. The restrictions, in place since April 2022, aim to ensure financial stability and exclude foreign investors with In-type accounts.
Policy & regulationRules & requirementsCross-border payments
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2026-03-19•Russia•Central Bank of Russia
The Central Bank of Russia proposed a draft ordinance to lower local coefficients for compulsory motor third-party liability insurance in the Novosibirsk Region, citing improved anti-fraud measures. Reductions include a decrease from 3.12 to 2.34 for Novosibirsk and similar adjustments for Berdsk, Iskitim, and other localities. The bank will monitor the market, with future decisions contingent on market conditions and anti-misconduct efforts.
Policy & regulationRules & requirementsFraud and scams
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2026-03-19•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held an expanded Entrepreneurs Cooperation Council meeting to enhance collaboration between the financial sector and entrepreneurs, focusing on improving access to financial services. Discussions included real-sector financing, credit access, SME support, and innovative financial instruments. Chairman Taleh Kazimov emphasized the need for ongoing dialogue and mutual trust to implement initiatives.
Policy & regulationCooperationOther
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2026-03-19•Global•IOSCO
IOSCO released a consultation report proposing good practices for OTC commodity derivatives markets to enhance its Principles for Regulation and Supervision. The proposals aim to improve authorities' ability to obtain information, prevent disorderly markets, and respond to disruptions, focusing on data collection, position aggregation, and cross-border cooperation. Feedback will inform a final report offering implementation guidance for IOSCO members.
Policy & regulationInternational standards & recommendationsMarket infrastructure
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2026-03-19•Global•ISDA
The International Swaps and Derivatives Association (ISDA) released a whitepaper on regulatory and structural frictions in securities financing transactions (SFTs) during market stress, proposing changes to improve secured funding markets. Recommendations include recognizing cross product netting in the US capital framework, extending the standardized approach for counterparty credit risk (SA-CCR), and revising Basel III liquidity ratios. ISDA also suggests legal and operational alignment through ISDA documentation and the Common Domain Model for harmonized lifecycle event representations.
Policy & regulationInternational standards & recommendationsLiquidity riskPrudential risks
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2026-03-19•United Kingdom•Bank of England
Bank of England’s Monetary Policy Committee left Bank Rate unchanged at 3.75 % and kept gilt holdings at GBP 528 bn, following three 25 bp cuts between May and December 2025. Citing conflict-related spikes in energy and commodity prices, the MPC now sees CPI at 3–3.5 % in coming quarters and said it stands ready to act if second-round effects jeopardise the 2 % target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway released the "Solvency in Norwegian banks as at 31 December 2025" report, part of its series on solvency and liquidity for financial undertakings.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-03-19•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD 128.1 billion as of 13 March 2026, sufficient to finance 4.7 months of imports and cover 0.9 times total short-term external debt. The central bank clarified that short-term external debt mainly involves resident banks' foreign currency operations and multinational corporations' borrowings, which can be settled from external assets without impacting the reserves.
Data & statistics
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2026-03-19•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has banned Kuo Che-jung, a former Yuanta Securities officer, for four and a half years and fined him $1 million for conducting matched trades in Hang Seng Index options and operating undisclosed accounts. Kuo executed trades favoring his wife's account at Yuanta's expense and concealed his interests with false declarations. The ban is effective from 19 March 2026 to 18 September 2030, with the SFC noting concerns about his fitness and properness.
EnforcementSanctions & designationsOther
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2026-03-19•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about scams involving fraudulent websites, internet banking login screens, and phishing emails linked to banks like The Bank of East Asia and OCBC Bank (Hong Kong). HKMA emphasized banks won't send messages with transaction hyperlinks or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2026-03-19•Moldova•National Bank of Moldova
The National Bank of Moldova issued a unified responsible lending regulation for banks and non-bank credit organisations to protect individuals from over-indebtedness. The regulation aligns approaches between banks and non-bank lenders, ensuring consistent consumer protections and allowing additional income sources like remittances to be considered. BNM analysis shows over 95% of employed individuals can still access zero-interest loans for instalment sales.
Policy & regulationRules & requirementsLending
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2026-03-19•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) has renewed and expanded its Geographic Targeting Order (GTO) to include more money services businesses (MSBs) in specific southwest border locations, requiring enhanced reporting for cash transactions between USD 1,000 and USD 10,000. The GTO now covers areas in Arizona, California, New Mexico, and Texas, aiming to aid law enforcement in investigating cartel-linked illicit finance and money laundering. The order is effective from March 7, 2026, to September 2, 2026, with extended filing deadlines for Currency Transaction Reports.
Policy & regulationRules & requirementsAML and CFTWhistleblowing
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2026-03-19•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission published financial examination findings for the second half of 2025 across 12 sectors, highlighting systemic deficiencies in AML/CFT/CPF, customer protection, cyber security, and real estate lending. Issues include weak onboarding and monitoring of high-risk customers, incomplete insurance and ETF disclosures, inadequate controls over personal data and privileged accounts, and insufficient scrutiny of lending to speculators and vacant-land projects. The authority will continue publishing findings and corrective actions to signal priorities and support stronger controls.
SupervisionReviews, inspections & stress testsAML and CFTConsumer and investor protectionCyber resilience
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2026-03-19•Armenia•Central Bank of Armenia
The Central Bank of Armenia hosted an International Monetary Fund mission led by Alexander Tieman to review macroeconomic developments and discuss policy issues. Key topics included monetary policy, foreign exchange interventions, and financial sector reforms, such as bank resolution and stablecoin regulation. The meeting also addressed capital market development, risk management, and payment system upgrades.
Policy & regulationCooperationFinancial stability and systemic riskPrudential risks
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2026-03-19•United Kingdom•HM Treasury
HM Treasury and the Japan Financial Services Agency released a joint statement summarizing discussions from the fourth UK-Japan Financial Regulatory Forum on 18 March 2026.
Policy & regulationCooperationCross-border cooperation
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2026-03-19•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini warned against Eswatini New Fund Asset Depositor and Green City Developers, citing false claims of a USD 1 billion currency swap and misleading returns. The Bank clarified no agreements exist with these entities and reminded that unlicensed banking is illegal under the Financial Institutions Act, 2005. It is monitoring for breaches and collaborating with regulators and law enforcement.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-19•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan released results from a 16 March 2026 attestation for insurance intermediary licensing. Participants must answer 70 test questions correctly to pass, with recorded scores of 52 and 54 points, and two entries without scores.
SupervisionAuthorisations & approvalsLicensing framework and process
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined five exchange bureaus in Bishkek KGS 55,000 each for violating Kyrgyz legislation and National Bank regulations. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unlicensed cash foreign-currency exchange operations in Bishkek.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported faster year-on-year growth in money supply and credit in February 2026, with M1B and M2 up 7.12% and 5.38% respectively and supported by Lunar New Year-related currency issuance and stronger bank lending and investment. Total outstanding loans and investments of monetary financial institutions rose 1.03% month on month, with annual growth increasing to 7.37%, driven by higher claims on the private sector and government.
Data & statisticsMonetary data
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Naryn regional office conducted a financial literacy lecture at Zh. Mambetov secondary school in Ak-Talaa village. The session covered basic financial literacy, managing credit bans in the Tunduk app, and addressing dropper activity.
Financial literacy & educationFinancial literacy and education
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic suspended the licence of exchange bureau OsOO “AktilekMik” in Bazar-Korgon, Jalal-Abad region, due to violations of Kyrgyz legislation and the bank's regulatory acts. The suspension is effective from 20 March to 3 April 2026.
EnforcementInvestigations & enforcement actionsOther
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic imposed fines of KGS 17,500 each on Kyrgyz citizens E.Ö.T., R.R.S., and T.A.B. for unlicensed cash foreign currency exchange operations in Bishkek.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan hosted a forum at Turan University on financial technologies and consumer fraud protection, under the Fingramota.kz project and OECD's Global Money Week. Discussions included personal finance management, fintech solutions, fraud schemes, and the National Bank's Anti-Fraud Center's efforts. The event also featured a financial quiz and a video contest with winning entries showcased nationwide.
Financial literacy & educationFinancial literacy and education
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2026-03-19•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan urged borrowers to review loan agreements to avoid financial difficulties. Key points include checking loan terms, interest rates, repayment schedules, and understanding penalties and data processing conditions. Borrowers should seek clarification from lenders and recognize the impact of timely repayments on credit history.
Policy & regulationGuidance & interpretationLendingPrudential risks
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2026-03-19•China•Central Bank of the Republic of China
The People's Bank of China, led by Governor Pan Gongsheng, outlined its 2026 priorities, maintaining a "moderately loose" monetary policy with targeted financial support and risk mitigation. Strategies include reserve requirement adjustments, bond transactions, and enhanced interest-rate policy supervision to ensure liquidity and stable renminbi exchange rates. The agenda emphasizes structural monetary policy optimization, local government debt risk management, and reforms to strengthen macroprudential frameworks and cross-border financial connectivity.
Monetary policyMonetary policy framework & strategyOther
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2026-03-19•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration, with other agencies, set 2026 priorities to clean up non-compliant local financial organizations and market misconduct. The program targets microloan, financing guarantee, pawnshops, financial leasing, commercial factoring, and local asset management companies, using public disclosure and withdrawal of qualifications. By 2025's end, these organizations decreased by 26% year-on-year, with over 5,600 non-compliant institutions exited since 2024.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-03-19•Switzerland•Swiss National Bank
The Swiss National Bank kept its policy rate at 0 % on 19 Mar 2026, maintaining the post-June-2025 stance and signalling greater readiness to intervene in foreign-exchange markets to counter rapid franc appreciation. While energy-linked pressures lifted headline inflation to 0.1 %, the SNB’s conditional forecast remains at 0.5 % for 2026-27 and 0.6 % for 2028, supporting its view that medium-term price stability is intact.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Sweden•Riksbank
Sveriges Riksbank held the policy rate at 1.75 % and reiterated that it expects to keep it there “for some time”, arguing this stance balances activity support with a return of inflation to the 2 % target amid Middle-East conflict uncertainty. The board noted weaker core inflation but higher energy costs and said it stands ready to adjust policy if the outlook shifts.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Philippines•Central Bank of the Philippines
The Financial Stability Coordination Council, led by Central Bank of the Philippines Governor Eli M. Remolona, Jr., reaffirmed the strength of the Philippine financial system but stressed vigilance on concentration risks and systemic vulnerabilities. The council noted strong capital and liquidity support banking resilience but expressed concerns over concentrated corporate exposures and rising leverage. It plans to expand surveillance, improve data quality, and enhance oversight, especially for non-bank financial institutions and early intervention frameworks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-03-19•Jordan•Central Bank of Jordan
The Central Bank of Jordan kept its key rate at 5.75% and left all other policy rates unchanged, saying this supports monetary stability, banking soundness and the dinar’s appeal amid global and regional uncertainty. It underscored solid fundamentals—foreign reserves at USD 28.2 bn (9.9 months of imports), lower dollarisation and 1.11% YTD inflation—and pledged readiness to act if conditions shift.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Canada•Payments Canada
Payments Canada has approved Meridian Credit Union as its first credit union member following amendments to the Canadian Payments Act, which now allow provincial credit unions to join directly. This membership grants access to policy development and payment expertise, and is a step toward direct participation in Payments Canada systems. Additionally, five new payment service providers were approved as members in January, marking the first wave of new members since the eligibility expansion.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-19•Lithuania•Ministry of Finance (Lithuania)
Lithuania's Ministry of Finance and the Bank of Lithuania have developed a supervisory model for the National Development Bank ILTE, incorporating insights from the European Investment Bank and the European Bank for Reconstruction and Development. The framework applies banking prudential standards with proportionate capital, risk management, governance, and control requirements to enhance risk supervision, transparency, and digital security. A draft law outlining the implementation principles will be submitted for coordination.
Policy & regulationRules & requirementsOther
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2026-03-19•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority (FIN-FSA) reported that Finland's financial sector remained well-capitalised and solvent in 2025 despite geopolitical and market uncertainties. FIN-FSA supports EU regulatory simplification but warns against compromising resilience and stability, noting a rise in payment fraud. Banking capital ratios improved slightly, while the employee pension sector's solvency capital increased, and insurance sector solvency showed mixed results.
SupervisionRisk monitoring & watch pointsCapital adequacyFinancial stability and systemic risk
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2026-03-19•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance and the Bank of Latvia have proposed draft laws for public consultation to establish a recovery and resolution framework for insurance and reinsurance undertakings and update the framework for credit institutions and investment brokerage firms. The drafts align with the EU's Directive (EU) 2025/1, enhancing financial stability and policyholder protection while minimizing public sector financial support. The initiative aims to harmonize national regimes and improve crisis management for cross-border insurance groups.
Policy & regulationRules & requirementsRecovery and resolution
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2026-03-19•Europe•European Payments Council
The European Payments Council has issued guidelines recommending a "Federated Approach" to enhance the adoption of the SEPA Request-to-Pay scheme. This approach aims to facilitate a smooth transition for existing intra-community initiatives and ensure cross-community interoperability. Governance of technical and functional components will be standardized, while business aspects remain at the discretion of individual communities.
Policy & regulationGuidance & interpretationPayments and payment systems
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2026-03-19•Chile•Chile Financial Market Commission
The Chile Financial Market Commission announced leadership changes with three senior directors stepping down and deputy appointments effective from 20 March. Nicolás Álvarez, Alfredo Pistelli, and Claudia Soriano will assume roles in Market Conduct Supervision, Studies, and the General Legal Directorate, respectively. The CMF described these changes as a leadership renewal to address new priorities and challenges.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-19•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has updated its Mutual Funds Portal with data as of December 2025, showing the industry managing over USD 98 billion and serving more than 3.7 million participants. The portal will be updated quarterly.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-19•Chile•Chile Financial Market Commission
Chile's Financial Market Commission announced leadership changes in three General Directorates, effective March 20. Nicolás Álvarez, Alfredo Pistelli, and Claudia Soriano will assume deputy leadership roles in Market Conduct Supervision, Studies, and the General Legal Directorate, respectively. The CMF described these changes as a leadership renewal to address new priorities and challenges.
Institutional developmentLeadership change & appointmentsLeadership change and appointments