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2026-03-12•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 discussed the President’s constitutional initiative with financial sector representatives, focusing on its impact on financial market development. Key topics included strengthening the rule of law, protecting citizens’ rights, and enhancing public administration for a stable financial market environment. Provisions discussed included the constitutional status of the national currency and special financial regimes to attract investment.
Policy & regulation Cooperation Other
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2026-03-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has mandated individuals listed in an attached notice to pay a VND 1,000,000 licensing fee for a securities practice certificate, as per Ministry of Finance Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the Commission. Failure to complete the certification process within one year of the fee notice will result in certificate cancellation.
Policy & regulation Rules & requirements Licensing and supervisory fees
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2026-03-12•China•Central Bank of the Republic of China
The People's Bank of China, led by Governor Pan Gongsheng, held a symposium to evaluate economic conditions and monetary policy support. The central bank will maintain a moderately loose monetary policy, enhancing countercyclical adjustments to support market confidence. Future efforts will focus on aligning with central government policies to sustain economic improvement.
Monetary policy Monetary policy framework & strategy Monetary policy decisions and developments
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2026-03-12•United Arab Emirates•Dubai International Financial Centre
The Dubai International Financial Centre’s Innovation Hub, in partnership with Capital.com, has launched CapitalHer, a flagship programme to enhance women’s practical financial capability and responsible engagement with financial markets across the Gulf Cooperation Council. The six-week initiative for Gulf Cooperation Council national women combines financial education, hands-on learning, mentorship and peer collaboration, and will culminate in a Demo Day at the Dubai FinTech Summit.
Financial literacy & education Financial literacy and education
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2026-03-12•Moldova•National Bank of Moldova
The National Bank of Moldova reported a meeting between Governor Anca Dragu and Slovenia’s State Secretary Neva Grašic, focusing on financial cooperation and Moldova’s European integration. Discussions included Moldova’s accession to the Single Euro Payments Area and alignment with EU banking standards. Slovenia’s support for the Center of Excellence in Finance and the joint #NBM LearnOrgLab initiative was highlighted to enhance the central bank’s institutional capacities.
Policy & regulation Cooperation Cross-border cooperation
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2026-03-12•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority issued Communication 2026/2 outlining expectations on "value for money" for manufacturers of insurance-based investment products. The guidance aims to support product governance, ensure appropriate customer benefits, and promote consistent application of regulatory requirements.
Policy & regulation Guidance & interpretation Supervision process and methodologies
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a notice about the UK Sanctions List variation for Gulbakhor Ismailova, who remains under multiple sanctions, including an asset freeze and travel ban. Businesses in the Bailiwick must comply with the sanctions, report findings to the States of Guernsey Policy and Resources Committee, and notify the Commission with a Handbook Rule 12.37 report if an affected relationship is identified.
Policy & regulation Guidance & interpretation Sanctions list update
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2026-03-12•United States•Federal Reserve Board
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman announced US bank capital proposals to streamline requirements and align capital with risk. Developed with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, the proposals focus on stress testing, leverage ratios, Basel III requirements, and the G-SIB surcharge. Key changes include a single risk-based capital calculation for large banks, revised credit-risk and operational-risk requirements, and updates to the G-SIB surcharge methodology.
Policy & regulation Rules & requirements Capital adequacy
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2026-03-12•France•France Autorite des marches financiers
France's Autorité des marchés financiers (AMF) reminded crowdfunding service providers to comply with complaint handling procedures under Regulation (EU) 2020/1503. Providers must ensure transparent, traceable complaint processes, timely acknowledgments, and clear, reasoned responses within two months. The AMF will monitor adherence to these requirements as part of its Impact 2027 strategic plan and 2026 supervisory priorities.
Supervision Supervision approach, priorities & toolkit Crowdfunding
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2026-03-12•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency (Hanfa) announced decisions from its 63rd session, including amendments to the alternative investment fund framework and alignment with EU crypto-asset guidance. Key actions involved supervisory measures across insurance, capital markets, and virtual-asset services, such as deleting ADRIA DIGITAL EXCHANGE d.o.o. from the virtual asset service providers register and issuing a public warning under the EU Market Abuse Regulation. Hanfa also approved management board appointments for the Zagreb Stock Exchange and InterCapital Real Estate, and addressed AML/CFT compliance issues.
Policy & regulation Rules & requirements Licensing and supervisory fees
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2026-03-12•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) has proposed amendments to regulations on securities funds and managers of alternative investment funds, aligning with EU directives AIFM and UCITS. The changes aim to simplify requirements, enhance supervision, and align with Swedish legislative proposals on fund markets and OTC derivatives clearing. Most amendments are set to take effect on 1 July 2026.
Policy & regulation Rules & requirements Securities offerings and listings
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2026-03-12•France•Bank of France
The Bank of France, the French Financial Markets Authority, and the Directorate General of the Treasury have formed a group to advance distributed ledger technology (DLT) in financial markets, enhancing financing for the French and European economy. Led by Denis Beau, Christophe Bories, and Sébastien Raspiller, the group will focus on private tokenised settlement assets, tokenisation of financial instruments, and DLT-based market infrastructures. A report with technical analysis and recommendations is expected in summer 2026, supporting the planned release of a wholesale euro central bank digital currency by autumn 2026.
Policy & regulation Implementation, projects & pilots Blockchain and distributed ledger technology Market development
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2026-03-12•Germany•BaFin
BaFin has clarified that insurers are not required to establish a fluctuation reserve for the new stand-alone cyber insurance line (Va 26.1) in the 2025 balance sheet due to the absence of a ten-year loss history, with this position applying until 31 December 2030. Insurers may apply individually under the Insurance Company Accounting Ordinance to build a reserve earlier using at least seven years of their own data, subject to standard prerequisites, while BaFin separately published 2020–2024 net loss and gross expense ratios for stand-alone cyber business.
Policy & regulation Guidance & interpretation
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2026-03-12•Angola•National Bank of Angola
The National Bank of Angola’s Monetary Policy Committee kept the benchmark rate at 17.5% and the standing lending and absorption facilities at 18.5% and 16.5% but lowered the kwanza reserve-requirement ratio to 17.5% from 18% to support interbank liquidity, citing ongoing disinflation alongside heightened global uncertainty and geopolitical risk. The committee signalled a continued cautious stance to safeguard price stability.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-03-12•Rwanda•Rwanda Capital Markets Authority
Rwanda Capital Markets Authority, Rwanda Stock Exchange, and East Capital Group discussed strategic collaboration to enhance Rwanda's capital market ecosystem. Key areas include investment mobilisation, product diversification, and capacity building to attract regional and international investors. The discussions also addressed strengthening institutional and technical capacity to support innovation and improve market access.
Policy & regulation Cooperation Market development
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2026-03-12•United States•Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority (FINRA) Board approved five rule proposals under the FINRA Forward initiative to modernize member firm requirements. Key changes include electronic delivery of regulatory requests, adjustments to alternative investment reconciliation requirements, and updates to arbitration procedures. FINRA will publish details on fine-money allocations in its upcoming Report on the Use of 2025 Fine Monies.
Policy & regulation Rules & requirements Regulatory burden
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2026-03-12•Global•International Monetary Fund
The IMF's Chart of the Week links Europe's widening productivity gap with the US to challenges in scaling up European firms. It stresses the need for deeper integration of capital, labor, and consumer markets to boost productivity growth. The analysis notes disparities in market valuation and productivity between young firms in the US and the EU, citing fragmented capital flows, restrictive regulations, and cross-border marketing barriers as factors.
Research Market development
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2026-03-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Senator Chris Van Hollen, issued a statement on the U.S. Department of Justice's investigation into Binance's potential violation of U.S. sanctions laws linked to Iran. Supported by Senators Elizabeth Warren and Ruben Gallego, the statement highlighted concerns over Binance's history and alleged facilitation of transactions for Iran-aligned proxies. The Committee members emphasized their commitment to overseeing the investigation to ensure accountability if violations are confirmed.
Other New sanctions designations
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2026-03-12•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) has issued new guidance allowing Order Execution Only (OEO) dealers to expand decision-making supports for clients, while maintaining the ban on recommendations. The guidance permits educational resources, alerts, and notifications for DIY investors, provided they do not endorse specific investments and include safeguards like clear disclosures and conflict management.
Policy & regulation Guidance & interpretation Consumer and investor protection
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2026-03-12•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce, addressing the Investor Advisory Committee, advocated for simplifying public company disclosures and addressing fund proxy voting frictions, while supporting securities tokenization. She highlighted the need for an innovation exemption for limited trading of tokenized securities and questioned existing issuer disclosures' adequacy. Peirce also discussed challenges with the Investment Company Act of 1940 quorum standard and emphasized proxy voting authority's importance in serving the fund's interest.
Policy & regulation Reform agendas & priorities Corporate governance
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2026-03-12•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins, at the Investor Advisory Committee meeting, emphasized reducing disclosure burdens and proposed an innovation exemption for limited trading of tokenized equity securities. He advocated for a "minimum effective dose of regulation," focusing on materiality and scaling requirements to company size and maturity, and suggested extending the JOBS Act "IPO on-ramp" duration. The SEC is also exploring modernization approaches for shareholder-meeting quorums amid evolving retail voting patterns and account structures.
Policy & regulation Reform agendas & priorities Disclosures Tokenization
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2026-03-12•United States•Commodity Futures Trading Commission
The United States Commodity Futures Trading Commission (CFTC) issued an Advanced Notice of Proposed Rulemaking to gather public input on potential amendments to rules governing event contracts in prediction markets. The notice seeks feedback on the application of statutory core principles, potential prohibitions on certain event contracts, and cost-benefit assessments. This initiative is part of the CFTC's oversight of prediction markets.
Policy & regulation Rules & requirements Fintech and insurtech
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2026-03-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory on prediction markets, emphasizing designated contract markets' (DCMs) responsibility to comply with the Commodity Exchange Act and Commission regulations. It outlines DCM obligations under CEA section 5(d) and Part 38, including Core Principle 3, and addresses considerations for sports-related event contracts. DCMs are urged to proactively ensure compliance as prediction markets evolve.
Policy & regulation Guidance & interpretation Market development
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2026-03-12•Serbia•National Bank of Serbia
National Bank of Serbia kept the key policy rate at 5.75 % (deposit 4.5 %, lending 7.0 %) on 12 Mar 2026, citing January inflation’s fall to 2.4 % and forecasts it will remain within the 3 ± 1.5 pp target band through end-2026. The Board, which has held the benchmark since Sept 2024, will continue a meeting-by-meeting stance amid oil and trade risks, with the next review on 9 Apr.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-03-12•Türkiye•Central Bank of Türkiye
Central Bank of Türkiye’s Monetary Policy Committee held the one-week repo rate at 37% and the overnight corridor at 35.5–40%, judging current tight conditions sufficient to maintain a broadly flat inflation trend despite energy-led cost pressures. The Committee will manage liquidity closely, deploy macro-prudential tools if needed and stands ready to raise rates if the path to its 5% medium-term inflation target deteriorates.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-03-12•Georgia•National Bank of Georgia
The National Bank of Georgia announced Governor Natia Turnava's meeting with Bybit's CEO Ben Zhou regarding Bybit's market entry, emphasizing increased competition and financial stability. The central bank noted the growth of the non-bank financial sector, including virtual asset service providers, while Bybit praised Georgia's licensing process and outlined initiatives for education and professional development in digital asset services.
Policy & regulation Implementation, projects & pilots Fintech and insurtech Competition and market structure
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2026-03-12•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank warned citizens of the Eastern Caribbean Currency Union about rising financial crimes, urging vigilance against scams like phishing and business email compromise. Insights from the St Kitts-Nevis Bankers Association and police emphasized account alerts and quick bank-law enforcement collaboration to recover funds. The ECCB advised verifying suspicious activity with banks and reporting it to law enforcement immediately.
Supervision Alerts Fraud and scams
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2026-03-12•Macao•Monetary Authority of Macao
The Monetary Authority of Macao, assisted by the Judiciary Police, investigated six shops suspected of providing illegal foreign exchange services and facilitating cross-border transfers via e-wallets or overseas bank accounts. It reiterated that under Law No. 13/2023 only authorised financial institutions may conduct financial activities in Macao, with unauthorised activity subject to fines of MOP 500,000 to MOP 10,000,000, and urged the public to use authorised institutions.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-03-12•Canada•Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada (FCAC) has implemented new federal regulations capping non-sufficient funds (NSF) fees at CAD 10 for personal deposit accounts at federally regulated banks. The rules also prevent multiple NSF fees within two business days for the same account and prohibit fees when the overdrawn amount is under CAD 10. FCAC will oversee compliance and plans to release a report on bank fee structures and transparency in 2026.
Policy & regulation Rules & requirements Consumer and investor protection
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2026-03-12•Global•Bank for International Settlements
The Bank for International Settlements released a paper examining central bank funding's impact on bank lending, using the UK's Funding for Lending Scheme. It finds that central bank funding can enhance credit supply by lowering private wholesale funding costs, even if banks don't use the facility. However, stronger lending incentives may reduce this effect, highlighting a trade-off between broad credit support and targeted sector lending.
Research
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2026-03-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) announced that the High Court placed Concept Capital Group (CCG) into administration, pausing the FCA's proceedings against CCG. The FCA alleges CCG operated an unauthorised investment scheme involving static homes, falsely claiming government backing. The administration process will handle investor claims, while proceedings continue against other defendants in the FCA case.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-03-12•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan reported progress in expanding cashless payments and innovative payment technologies under its 2024–2026 Financial Sector Development Strategy. Key metrics include a 26% increase in domestic card-based non-cash payments to AZN 99.1bn and a rise in the non-cash share of domestic card transactions to 67.6%. Licensing activity in 2025 added three electronic money institutions, two payment institutions, and one operator, while digital banking accounted for 94.4% of customer transfers.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-03-12•Moldova•National Bank of Moldova
The National Bank of Moldova expanded its MIA Instant Payments system to support business-to-business transfers in Moldovan lei with real-time settlement. Since its March 2024 launch, MIA has seen widespread adoption, facilitating 24/7 real-time transfers for various uses. The central bank aims to interconnect MIA with regional instant payment systems, aligning with Moldova's accession to the Single Euro Payments Area.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-03-12•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of the Republic of North Macedonia will participate in Global Money Week 2026, focusing on financial education under the theme “Smart Money Talks.” The initiative involves collaboration with the National Bank, Ministry of Finance, and other agencies, featuring lectures, workshops, and the European Money Quiz.
Financial literacy & education Financial literacy and education
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a prohibition order under Section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020. James Watchorn is barred from serving as a money laundering reporting officer and compliance officer from 9 March 2026 to 9 August 2027.
Enforcement Sanctions & designations AML and CFT
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued an enforcement statement against Utmost Worldwide Limited, CEO Leon Steyn, and Deputy Money Laundering Reporting Officer James Alexander Watchorn for systemic financial crime control failings from 2015 to 2025. Penalties include GBP 1,960,000 for the firm, GBP 35,000 for Steyn, and GBP 10,500 for Watchorn, with Watchorn barred from certain roles for 17 months. The Commission highlighted deficiencies in client risk assessments, monitoring, and compliance, noting a remediation program initiated in late 2023.
Enforcement Investigations & enforcement actions AML and CFT Corporate governance
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission plans to reduce annual fees for the insurance sector by 15–20% in 2027, funded by surplus penalty income from a GBP 1.96mn fine imposed on an insurance licensee. A 15% discount will also apply to the pro-rata annual fee for new insurance licensees authorized after 15 March 2026. The fine, the largest since 2017, was calculated under the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020.
Policy & regulation Rules & requirements Other
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2026-03-12•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro and the European Bank for Reconstruction and Development have launched the third round of the Women on Boards Montenegro programme to boost women's roles in economic decision-making and corporate governance. This aligns with the EU Directive on gender balance, aiming for 40% female board representation and 33% in director roles in large enterprises. The programme offers a two-month training on corporate governance and leadership for women with management experience.
Policy & regulation Implementation, projects & pilots Diversity and inclusion
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2026-03-12•Russia•Central Bank of Russia
The Central Bank of Russia announced that Primorye Territory won the All-Russian Financial Culture Capital Competition for 2026, supported by the Bank of Russia and the Russian Ministry of Finance. The winning FinEco project integrates financial literacy with environmental awareness through initiatives like a corporate-team competition and a dedicated portal. Primorye will receive support to host forums and conferences to share best practices nationally.
Financial literacy & education Financial literacy and education
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2026-03-12•Angola•Ministry of Finance (Angola)
Angola's Insurance Regulation and Supervision Agency (ARSEG) reported fewer complaints against insurers and pension fund managers, crediting regulatory measures like ARSEG Regulatory Standard No. 3/25. The report highlights breaches in information duties and delays in claims settlement, with the insurance sector accounting for 56% of complaints. ARSEG's Market Conduct Supervision and Complaints Management Department has intensified efforts to improve claims resolution and consumer protection.
Supervision Risk monitoring & watch points Complaints and dispute resolution
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2026-03-12•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance reported a rise in capital markets activity, with BODIVA mobilizing AOA 417 billion over four years and market transactions reaching 37,000 in 2025. Trading doubled from 2023 to 2024 and expanded in 2025, with BFA Capital Markets trading AOA 1.98 trillion. The central securities depository saw a 60% increase in custody accounts, holding AOA 17.14 trillion for 41,000 investors, and integrated 40 issuances, including Etu Energias corporate bonds and a BAI bond issuance.
Data & statistics Market development
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2026-03-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails targeting The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.
Supervision Alerts Fraud and scams
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2026-03-12•Sri Lanka•Central Bank of Sri Lanka
The Central Bank of Sri Lanka is preparing to launch the Financial Inclusion Survey 2026 to inform the National Financial Inclusion Strategy Phase II. The survey will cover 480 Grama Niladhari Divisions to assess financial service awareness, usage, and access barriers. Kantar Lanka (Pvt) Ltd will conduct the survey.
Policy & regulation Implementation, projects & pilots Financial inclusion
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2026-03-12•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published January 2026 asset quality and financial statistics for 38 domestic banks, reporting total outstanding loans of NT$45.3 trillion (USD 1,440 billion), up NT$483 billion (USD 15.35 billion) month on month, with the average non-performing loan ratio unchanged at 0.15%. Total non-performing loans rose slightly to NT$67.27 billion (USD 2.14 billion) and the coverage ratio declined to 914.33%, which the authority still assessed as manageable while instructing banks to continue strengthening asset quality and financial structure.
Data & statistics Financial and market indicators
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2026-03-12•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published January 2026 statistics on credit card, cash card and electronic payment institution business, covering issuer numbers, card and user volumes, balances, transactions, write-offs and delinquency. Credit card and cash card portfolios were broadly stable with low delinquency, while electronic payment usage and balances continued to expand, particularly in electronic payment accounts.
Data & statistics Financial and market indicators Supervisory data
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2026-03-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan approved new foreign exchange market issuances by Australia and New Zealand Banking Group Taipei Branch, Bank SinoPac and Taiwan Cooperative Bank to promote liberalisation, internationalisation and development of the foreign exchange market. The approvals cover foreign currency-denominated negotiable certificates of deposit and various callable and non-callable USD-denominated senior unsecured structured notes linked to interest rate derivatives. The Bank also reported that as of end-February 2026 there were 3,448 authorised banks, comprising 3,408 domestic banks, three Mainland banks and 37 foreign banks.
Supervision Authorisations & approvals Securities offerings and listings
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2026-03-12•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini is implementing a "prompt correction" for Eswatini Bank to stabilize its operations and support a transformation programme. This initiative aims to enhance the bank's balance sheet, governance, and risk management framework, with strategic support from an experienced consultant. The intervention also focuses on improving service delivery and operational capacity while maintaining the bank's development mandate.
Supervision Interventions Capital adequacy Asset quality Supervision process and methodologies
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2026-03-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) mandates non-bank BSP-supervised financial institutions to transition prudential report submissions to the API-based Prudential Reporting Innovation and Monitoring Engine (PRIME) using Extensible Markup Language (XML). Institutions must map reports to BSP-provided XML Schema Definitions, generate compliant XML versions, and submit via API using Public Key Infrastructure digital certificates. The transition will occur in phases, with interim XML submissions allowed through the BSP Relationship Management System for those not yet API-ready.
Policy & regulation Implementation, projects & pilots Regulatory reporting
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2026-03-12•Russia•Central Bank of Russia
The Central Bank of Russia's Review of Key Indicators for 2025 Q4 highlights significant growth in collective investment and trust management activities. Net inflows into unit investment funds (UIFs) increased by over a third to RUB 2.8 trillion, while management companies' client assets rose by about a quarter to RUB 32.6 trillion. Trust management assets reached a record RUB 3.3 trillion, with retail inflows climbing to RUB 172 billion.
Data & statistics Asset quality
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2026-03-12•Global•Bank for International Settlements - Committee on the Global Financial System
The Bank for International Settlements Committee on the Global Financial System published a report analyzing foreign currency funding shortages and cross-border liquidity flows during market impairments. It highlights the US dollar's central role and the use of derivatives-based hedging to mitigate currency mismatches, noting potential rollover risks. The report underscores the importance of central bank liquidity facilities and calls for closing data gaps to better map global exposures to foreign currency funding.
Research Liquidity risk Foreign exchange policy and markets
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2026-03-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) reviewed the second charge mortgage market, highlighting deficiencies in affordability assessments, customer advice, and fee transparency. The FCA noted risks of financial harm, especially for borrowers consolidating debt, and urged lenders and brokers to enhance standards. Ongoing engagement with firms will continue, with potential policy changes considered to ensure consumer protection.
Supervision Reviews, inspections & stress tests Consumer and investor protection
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2026-03-12•Denmark•National Bank of Denmark
The National Bank of Denmark's mortgage credit statistics for Q4 2025 reveal a shift from fixed-rate to variable-rate mortgages among Danish homeowners. Fixed-rate mortgage holders decreased by 43,000 (4.6%), while variable-rate holders increased by 32,000 (4.0%). Median mortgage debt for variable-rate borrowers rose to over DKK 900,000, contrasting with a decrease for fixed-rate borrowers to under DKK 650,000.
Data & statistics Financial and market indicators
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2026-03-12•Estonia•Central Bank of Estonia
The Central Bank of Estonia released quarterly statistics on licensed crypto-asset service providers, revealing a decline in clients' crypto-asset holdings by over a third due to price drops. The data includes details on assets, client holdings, services, and providers' financial results, separate from economic policy communications.
Data & statistics Financial and market indicators Supervisory data
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2026-03-12•Global•International Monetary Fund
The IMF attributes Europe's widening productivity gap with the U.S. to challenges in scaling up European firms due to imperfect integration. Key impediments include fragmented capital markets, limited cross-border labour mobility, and barriers to cross-border product sales. The IMF suggests deeper integration of capital, labour, and consumer markets could enhance firm growth and productivity.
Research Market development
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2026-03-12•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) has updated its Rules and Operational Guidelines, effective 12 March 2026, expanding its jurisdiction to include scam-related disputes and introducing a mechanism to publicly identify non-compliant firms. Approved by the Australian Securities and Investments Commission, the updates remove legacy complaint provisions and clarify the definition of a "small business credit facility." These changes follow stakeholder feedback from 39 submissions during the 2025 public consultation.
Policy & regulation Rules & requirements Complaints and dispute resolution
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2026-03-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced that Hong Kong Green Week 2026 will occur from 7 to 11 September, themed “Future-proofing Sustainable Growth.” The event will feature large-scale conferences and forums, along with roundtables, workshops, and seminars, focusing on six thematic areas including climate adaptation and green technology. The 2025 edition involved 65 institutions and over 14,500 participants from more than 75 jurisdictions.
Financial literacy & education Climate risk and sustainable finance
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2026-03-12•United Kingdom•HM Treasury
HM Treasury and the European Commission issued a joint statement after the fifth Joint EU-UK Financial Regulatory Forum in London, highlighting cooperation in financial services regulation, sanctions, and anti-money laundering. Discussions covered the UK's Financial Services Growth and Competitiveness Strategy, the EU's Savings and Investments Union strategy, cybersecurity risks, and digital innovation. Updates were exchanged on benchmarks regulation, transaction reporting, asset management, and sustainable finance, with both parties agreeing on the importance of interoperability and continued engagement.
Policy & regulation Cooperation Cross-border cooperation
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2026-03-12•Malaysia•Malaysia Securities Commission
The Securities Commission Malaysia charged former Sarawak Consolidated Industries Berhad (SCIB) Group Managing Director Rosland bin Othman for allegedly causing SCIB to furnish a false statement to Bursa Malaysia. A warrant of arrest was obtained for former SCIB chairman Mohd Abdul Karim Abdullah for the same alleged offence. Rosland claimed trial and was granted bail, while Karim remains at large with prior charges resolved via a RM3 million compound.
Enforcement Investigations & enforcement actions Financial benchmarks
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2026-03-12•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority's inspection of Haugesund Sparebank revealed deficiencies in ICT governance and control, particularly in operationalising governance documents and managing ICT service providers. The report calls for a concrete plan to enhance ICT risk management, supplier reporting alignment, and independent assessments of third-party services. Haugesund Sparebank has started remediation efforts, including strengthening the second line and improving contingency testing.
Supervision Reviews, inspections & stress tests Operational risk and resilience
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2026-03-12•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has directed ERX Co., Ltd. (KuCoin Thailand) to clarify the involvement of directors from its major shareholders, Cryptosphere Ventures Co., Ltd. and ROE Co., Ltd., following reports of a director's link to Capital Asia Investment. This follows a Singapore operation against Capital Asia Investment for alleged money laundering. ERX must ensure its directors comply with regulations under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).
Supervision Interventions Corporate governance
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2026-03-12•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission is consulting on lifting the moratorium on new online lending platforms, subject to prior approval, enhanced safeguards and a 10-platform limit per company. The draft introduces tiered capital requirements, a three-year compliance period, consumer protection and credit reporting rules, and entity-level licensing fees. Comments are due by March 25, 2026.
Policy & regulation Rules & requirements Lending Consumer and investor protection Capital adequacy
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2026-03-12•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority has approved the annual update of Managem’s commercial paper issuance programme, with a ceiling of MAD 2 billion. The programme includes a reference document for financial year 2024 and the first half of 2025, and features maturities from 10 days to 12 months with fixed interest rates.
Supervision Authorisations & approvals Securities offerings and listings
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2026-03-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) detailed its credit measures for affordable and social housing, reporting VND 41 trillion in outstanding loans through policy and commercial-bank channels. The Vietnam Bank for Social Policies accounted for over VND 25 trillion, while commercial banks lent over VND 16 trillion, with preferential rates below average lending rates. SBV also allows programme lending balances to be excluded from banks’ annual credit growth targets to boost participation.
Policy & regulation Implementation, projects & pilots Other
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2026-03-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has replaced the licenses of Open Joint-Stock Company Ayyl Bank due to its corporate name change to ABank. The updated name forms are reflected in Kyrgyz, Russian, and English.
Supervision Authorisations & approvals Licence withdrawal
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2026-03-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway released a report detailing the liquidity status of Norwegian banks as of 31 December 2025.
Supervision Risk monitoring & watch points Other
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2026-03-12•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released a Q&A document on the DORA information register, extending the submission deadline to 31 March 2026. The Q&A addresses data collection, register completion, and the exclusive use of xBRL-CSV for submissions. AFM noted firms' challenges with data volume and requests for data collection outcomes.
Policy & regulation Guidance & interpretation Regulatory reporting
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2026-03-12•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption conducted "Fuse," a joint operation targeting suspected insider dealing by senior executives of three licensed corporations. Eight individuals, including executives from securities firms and a hedge fund, were arrested for allegedly accepting over 4 million HKD in bribes for confidential share placement information. The ongoing investigation involves potential breaches of the Prevention of Bribery Ordinance and the Securities and Futures Ordinance.
Enforcement Investigations & enforcement actions Bribery and corruption
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2026-03-12•Europe•European Central Bank
ECB Executive Board member Piero Cipollone outlined the Eurosystem’s Pontes and Appia initiatives for safe settlement of tokenised wholesale transactions in euro central bank money. Pontes will link TARGET Services to distributed ledger technology platforms by Q3 2026, while Appia will create next-generation European financial infrastructure through public-private collaboration. The roadmap will enhance Pontes and support market-led infrastructure solutions.
Policy & regulation Implementation, projects & pilots CBDC Tokenization
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2026-03-12•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission amended the Special Act on the Prevention of Loss Caused by Telecommunications-based Financial Fraud, extending it to virtual asset exchange service providers. These providers must verify transaction purposes, monitor for vishing-related activities, and participate in the AI-based Anti-phishing Sharing and Analysis Platform for real-time information sharing. Effective October 2026, the amended Act allows cash refunds from the sale of virtual assets in vishing cases.
Policy & regulation Rules & requirements Fraud and scams
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2026-03-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) has launched the "Open Finance for PERA Pilot," enabling customers of G-Xchange, Inc. (GCash), Union Bank, Philippine National Bank, and Rizal Commercial Banking Corporation to open Personal Equity and Retirement Accounts (PERA) online. Using BSP's Open Finance framework, it facilitates secure, consent-based information sharing to ATRAM Trust Corporation, simplifying onboarding and supporting PERA take-up. The BSP aims to expand this model with more financial institutions.
Policy & regulation Implementation, projects & pilots Open banking and finance
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2026-03-12•Peru•Central Bank of Peru
Central Reserve Bank of Peru kept its policy rate at 4.25 % for March 2026, extending a pause since September 2025 as headline and core inflation both reached 2.2 %—still near the 2 % midpoint of the 1–3 % target band—while activity held around potential. The bank retained supporting operational rates, warned of a temporary inflation overshoot from supply shocks, and will review policy on 9 April.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-03-12•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Circular Letter CVM/SRE 2/2026, detailing procedures for lead coordinators and intermediary institutions to follow for electronic registration of public offerings and tender offers during SRE Offer Registration System outages. The guidance addresses automatic-rite and ordinary-rite public offerings and tender offers, specifying actions during system unavailability identified by CVM's IT teams.
Policy & regulation Guidance & interpretation Regulatory reporting
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2026-03-12•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Quarterly ADI Performance and Property Exposures publications for Q4 2025, detailing ADIs' financial condition and property lending. Key updates include a 6.6% rise in net profit after tax to 42.3bn AUD, a 3.2% increase in total assets to 6,828.8bn AUD, and a total capital ratio of 20.3%. The data now includes new lending with a debt-to-income ratio of six or greater, with high DTI lending accounting for 6.8% of loans.
Data & statistics Credit risk Prudential risks
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2026-03-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate passed the 21st Century ROAD to Housing Act, sponsored by Tim Scott and developed with Elizabeth Warren. The legislation aims to lower housing costs by expanding supply and reducing regulatory barriers, focusing on cutting red tape, unlocking housing supply, and lowering costs without new mandatory federal spending. Key measures include streamlining environmental reviews, modernizing manufactured housing rules, and limiting large institutional investors in residential markets.
Policy & regulation Rules & requirements Other
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2026-03-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) plans to expand its FinTech sandbox pilot by introducing a restricted licence to facilitate market entry for innovative firms. The pilot revealed pathways to market for four of six participating firms and provided insights into innovation-related benefits and regulatory gaps. The FMA also published feedback on its tokenisation discussion paper, noting benefits like increased liquidity and risks such as cyber security and legal uncertainty.
Supervision Innovation & testing Fintech and insurtech Regulatory sandbox
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2026-03-11•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand is creating a Memorandum of Understanding (MoU) to enhance financial inclusion by improving access to basic transaction accounts. The MoU will involve commitments from financial entities to provide access to all New Zealand consumers, with progress monitored by the Reserve Bank and supported by various regulatory bodies. This initiative follows a consultation indicating strong support for addressing financial exclusion.
Policy & regulation Cooperation Financial inclusion
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2026-03-11•Israel•Bank of Israel
The Bank of Israel, in coordination with the Israel Tax Authority and the Accountant General Division, has decided that the majority of tax payments from Wiz shareholders, due to the sale of Wiz to Google, will be settled in USD.
Policy & regulation Implementation, projects & pilots Cross-border payments
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2026-03-11•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain confirmed normal operations and efficient service delivery in Bahrain's banking sector amid regional developments and Iranian aggression. It emphasized heightened oversight and coordination with financial institutions to ensure business continuity, supported by advanced regulatory frameworks and digital infrastructure. Capital adequacy and liquidity ratios exceed regulatory requirements, and payment systems and security measures are robust.
Supervision Risk monitoring & watch points Operational risk and resilience Financial stability and systemic risk
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2026-03-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released a summary of proceedings and sample forms from its Study Group on Corporate Value Security Trust Agreements. These materials aim to support the corporate value security interest system under the Act on the Promotion of Business Financing. The agency encourages parties to tailor trust agreement terms to individual borrower needs.
Policy & regulation Guidance & interpretation Lending
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2026-03-11•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two exchange bureaus in Bishkek and one in Kant KGS 55,000 each for breaching Kyrgyz legislation and the bank's regulations.
Enforcement Investigations & enforcement actions Foreign exchange policy and markets
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2026-03-11•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Superintendent Sergio Espinosa Chiroque of Peru’s Superintendency of Banking, Insurance and Pension Funds Administrators visited Tarapoto to engage with local stakeholders on the regional financial system. He participated in the Annual Strategic Leadership Summit in Microfinance, delivering presentations on financial regulation and open finance. The visit included workshops and meetings to enhance management capabilities and promote innovation among local cooperatives.
Supervision Risk monitoring & watch points Market development
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2026-03-11•Japan•Bank of Japan
The Bank of Japan released the February 2026 results of its Survey on Fails, detailing 13,205 settlement fails in Japanese government bond transactions with a total face value of JPY 16.0 trillion. The average fail duration was 1.32 business days, with a maximum of 24 days, and 33 buy-ins were reported. The survey includes data from 245 institutions participating in the JGB book-entry system and BOJ-NET JGB DVP services.
Data & statistics Financial and market indicators Supervisory data
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2026-03-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) corrected its default list by removing Natura & Co Holding S.A. following the cancellation of its registration as a publicly held company. This change is retroactive to 1 July 2025, aligning with its incorporation into Natura Cosméticos S.A.
Supervision Other Sanctions list update
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2026-03-11•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group has released an interactive version of its Technical Advice on the Draft Simplified European Sustainability Reporting Standards on its Knowledge Hub. This platform offers a navigable view of proposed simplifications, linking amended disclosures to the 2023 ESRS and vice versa. Access requires a free Knowledge Hub account.
Policy & regulation Guidance & interpretation Accounting and financial reporting
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2026-03-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) announced a National Council of Private Insurance (CNSP) resolution amending Vehicle Civil Liability Insurance (RC-V) requirements for road cargo transport. CNSP Resolution No. 488 limits mandatory coverage to events during active transport service, allowing optional coverage for off-service situations. This change aligns insurance rules with road cargo transport legislation and the Insurance Legal Framework, part of SUSEP's 2026 Regulation Plan.
Policy & regulation Rules & requirements Other
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2026-03-11•Ukraine•National Bank of Ukraine
National Bank of Ukraine Governor Andriy Pyshnyy detailed efforts to maintain stability during the war, starting with emergency controls and moving to standard policies. Measures included fixing the exchange rate, capital controls, and easing bank regulations, then shifting to managed exchange rate flexibility, inflation targeting, and EU standards alignment. Future priorities are European financial integration, corporate governance enhancement, and post-war recovery preparation.
Monetary policy Monetary policy framework & strategy Financial stability and systemic risk
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2026-03-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) released its first 2026 risk monitoring report, indicating high market and systemic stress risks in EU financial markets despite resilient late 2025 performance. The report highlights potential significant price swings due to geopolitical tensions, stretched equity valuations, and an uncertain EU economic outlook, with increased contagion risk from higher cross-asset correlations and cyber threats. It also notes record-high global equity valuations, mixed credit-quality signals, persistent weakness in EU equity issuance, a crypto flash crash, and settlement-fail spikes at central securities depositories.
Supervision Risk monitoring & watch points Financial stability and systemic risk Market risk and volatility
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2026-03-11•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released its annual report on 2024 financial report supervision, highlighting enforcement actions and 2025 review priorities. Key areas include consistency between financial and sustainability reporting, transparency on future regulatory impacts, and adherence to European guidance on Alternative Performance Measures (APMs). The CNMV will focus on geopolitical risks, segment reporting, and ESEF tagging errors, with additional scrutiny on disclosures regarding significant influence or control over investees.
Supervision Reviews, inspections & stress tests Accounting and financial reporting Supervision process and methodologies
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2026-03-11•Italy•Bank of Italy
The Bank of Italy released updated statistics on international tourism in Italy, covering data up to December 2025. The data is derived from a survey program initiated in 1996, which interviews and counts both resident and non-resident travelers at various entry points.
Data & statistics Balance of payments and other external statistics
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2026-03-11•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador is developing Ecuador’s Oceanic Thematic Account to improve economic statistics on marine activities and highlight ocean natural capital's contribution to economic development. This initiative aims to measure marine natural capital's impact on GDP and link growth to ecosystem sustainability. Additionally, the bank plans to update the Ecosystem Account for the insular Exclusive Economic Zone and integrate sustainability into its processes through related projects.
Data & statistics Other
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2026-03-11•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released February 2026 statistics for the Central Information Archive.
Data & statistics Supervisory data
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2026-03-11•Sweden•Riksbank
Sveriges Riksbank's February 2026 Business Survey reveals a slow and hesitant economic recovery for large Swedish companies, with global uncertainties impacting consumption and investment. Consumer-facing businesses see improved conditions, while manufacturing faces mixed demand, particularly in defence and export sectors. Most companies are using artificial intelligence to boost productivity, with expectations of long-term skill demand shifts.
Data & statistics Economic data and developments
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2026-03-11•Mexico•CONDUSEF
Mexico’s CONDUSEF held a Financial Health Forum focused on financial education from a gender perspective. Co-organised with the Mexican Association of Insurance Institutions and the Mexican Association of Pension Fund Administrators, it addressed gaps in women's economic participation and shared tools for informed financial decisions. Discussions included tailored financial products, the Minerva initiative's impact on over 104,000 women, and the need for a protective regulatory framework.
Financial literacy & education
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2026-03-11•United Kingdom•Bank of England
The Bank of England's Prudential Regulation Authority imposed a GBP 10.625 million penalty on U K Insurance Limited for miscalculating its Solvency II balance sheet in 2023 and 2024, leading to overstated solvency. This was due to ineffective controls and resourcing issues, undetected by Direct Line Group's internal controls. The penalty was reduced by 50% under the Early Account Scheme due to early admissions, marking its first use in enforcement.
Enforcement Investigations & enforcement actions Prudential risks
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the Office of the Director of Public Prosecutions (CDPP) will not proceed with charges from ASIC’s investigation into Capital Mining Limited, finalizing the matter. Charges against former directors were discontinued in 2024 under the Criminal Procedure Act 2004 (WA), and the CDPP will not pursue charges in another jurisdiction.
Enforcement Investigations & enforcement actions Other
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2026-03-11•Japan•Bank of Japan
The Bank of Japan's preliminary February 2026 data for the Corporate Goods Price Index shows a 0.1% decline in the Producer Price Index, while Export and Import Price Indexes rose by 1.5% and 0.9%. The decrease in producer prices was due to lower costs in electric power, gas, and water, partially offset by increases in petroleum, coal, and metal products. Export price growth was driven by electric, electronic, and metal products, with import prices rising mainly due to metals and energy products.
Data & statistics Economic data and developments
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2026-03-11•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) issued a regulation limiting foreign workers in Executive Officer roles and as experts or consultants to five years, with extensions subject to OJK approval. The regulation mandates knowledge-transfer programmes and requires Indonesian staff to gain international experience through talent-exchange arrangements. It applies to commercial banks, especially those with over 25% foreign ownership, effective 23 February 2026.
Policy & regulation Rules & requirements Other
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2026-03-11•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) launched the Santri Cakap Literasi Keuangan Syariah (SAKINAH) programme with Nahdlatul Ulama’s Executive Board to enhance Islamic financial literacy and entrepreneurship among santri in pesantren. The initiative includes a teaching module on entrepreneurship and Islamic finance, aiming for use across Nahdlatul Ulama’s educational institutions. This effort is part of OJK's broader strategy to expand Islamic financial literacy and inclusion.
Financial literacy & education Financial literacy and education
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the County Court of Victoria sentenced Remedy Housing officials for dishonesty offences related to promoting interest-free mortgages. Brent Smith, Mahmoud Khodr, and Fue Mano received prison sentences for misappropriating AUD 754,574 and misleading customers. The court found the scheme targeted vulnerable customers, with no actual investors or mortgages provided, and ordered reparations to victims.
Enforcement Investigations & enforcement actions Fraud and scams
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has introduced relief to streamline disclosure for residential strata insurance involving multiple insurers. Only the lead insurer is required to prepare the Product Disclosure Statement, with a supplementary statement detailing each insurer's risk share. This measure aims to facilitate coverage for high-value strata properties while ensuring compliance with the Corporations Act 2001.
Policy & regulation Guidance & interpretation Disclosures