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2026-03-04•Chile•Central Bank of Chile
The Central Bank of Chile's Price Determinants and Expectations Survey shows stable selling prices and a median inflation expectation of 3.5% over 12 months, declining to 3% over 24 months. Sales levels increased slightly, with profit margins improving, while the exchange rate influence and sales pressure on prices returned to neutral. Input costs remained a price driver, though less intensely, and fewer firms expect to raise selling prices next year.
Data & statistics Economic data and developments
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2026-03-04•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission is consulting on a 10-year cumulative service limit for broker directors of an exchange, generally including a two-year cooling-off period after five years. Exchanges breaching the cap could face a PHP 1 million annual penalty per director and PHP 30,000 for each additional month. Comments are due by March 19, 2026.
Policy & regulation Rules & requirements Corporate governance Fitness and propriety Compliance
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2026-03-04•Thailand•Thailand Securities & Exchange Commission
Thailand's Securities and Exchange Commission revised rules for ESG Funds, allowing investments in companies with a Corporate Governance Report score of 90+ in the Stock Exchange of Thailand's JUMP+ Program. Effective 1 March 2026, the framework includes sustainability-related securities, bonds, tokens, and funds with strong ESG ratings. As of 27 February 2026, 77 Thai ESG funds managed by 19 companies had a net asset value of THB 104,107 million, a 252% growth since 2024.
Policy & regulation Rules & requirements ESG
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2026-03-04•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission (SEC) has revised the definition of institutional investors and investment capital to better reflect financial standing and include more products and participants. The updated definition now includes digital asset business operators, investment planners, and consultants. Investment capital covers direct or indirect investments in securities, derivatives, investment tokens, and government tokens, aligning service provision across various business operators.
Policy & regulation Rules & requirements Securities offerings and listings
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2026-03-04•Chile•Chile Financial Market Commission
Board commissioners of the Chile Financial Market Commission (CMF) met with winners of the 2025 Capital Joven Contest to discuss student projects aimed at enhancing Chile’s capital market. The CMF highlighted ongoing work on a Policy Document on Capital Market Modernization, expected in early 2026. Winning proposals included digital incentives for pension savings, tokenized invoice markets, and addressing systemic risk in savings and credit cooperatives.
Policy & regulation Implementation, projects & pilots Market development
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2026-03-04•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's 2026–2027 Regulatory Plan focuses on prudential regulation and market conduct. Key initiatives include updates to banking governance, credit risk models, and ICT frameworks, alongside reforms in insurance, securities, and fintech. The plan emphasizes cross-sector conduct rules, cybersecurity coordination, and international regulatory alignment.
Policy & regulation Implementation, projects & pilots Prudential risks Market development
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2026-03-04•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 has outlined its 2026 priorities for securities market supervision, focusing on enhancing effectiveness and transparency. In collaboration with the National Bank, it plans a stock market programme through 2030, aiming for comprehensive reforms, including digital financial assets regulation and Islamic finance instruments. The proposed securities law reform seeks to liberalize market entry rules, improve corporate governance, and facilitate capital market access for private sectors.
Supervision Supervision approach, priorities & toolkit Accounting and financial reporting
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2026-03-04•Vietnam•Vietnam State Securities Commission
Vietnam's State Securities Commission is seeking cost quotations from qualified providers for an independent audit of its integrated IT system project, which aids regulatory management and supervision.
Institutional development Procurement Auditing
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2026-03-04•Thailand•Ministry of Finance (Thailand)
Thailand's Ministry of Finance is preparing to host the IMF–World Bank Group Annual Meetings in October 2026 at the Queen Sirikit National Convention Center in Bangkok. This marks Thailand's second time hosting since 1991. Themes include "Thailand’s New Horizons: Empowering People, Building Resilience" and "Safe and Inclusive Digital Finance (SIDF) for Financial Wellbeing."
Other
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2026-03-04•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) amended regulations to standardize naming and numbering of financial trusts under global programmes, enhancing issuance traceability and series identification. The amendment allows continuity in denomination and numbering if the trust's programme, trustee, settlor, and asset composition remain consistent, with added flexibility for programme changes. It applies to financial trusts authorized for public offering under CNV regimes.
Policy & regulation Rules & requirements Securitization
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2026-03-04•Poland•Central Bank of Poland
Poland’s Monetary Policy Council cut the Narodowy Bank Polski reference rate by 25 bp to 3.75 % at its 3–4 March meeting—bringing cumulative easing to 200 bp since May 2025—citing January CPI of 2.2 % and forecasts keeping inflation within the 1.5–3.5 % target band through 2026. The lombard and deposit rates fell to 4.25 % and 3.25 %, respectively, and future policy will hinge on incoming data, with readiness to intervene in FX markets to preserve stability.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-03-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority convicted former financial adviser David McEwen on four charges of breaching an FMA stop order, resulting in a seven-year ban from company management and financial advisory roles. McEwen was fined NZD 15,000 for offering financial products linked to Cosmopolitan Holdings 2024 Pty Ltd and Agtech 3 Ltd, and unauthorized activities with the International Opportunities Partnership. The court dismissed his application for a discharge without conviction.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-03-04•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, urged the Senate to reject Kevin Warsh's nomination as Chair of the Federal Reserve. Warren criticized Warsh as potentially being influenced by former President Trump, alleging attempts to control the Fed through investigations against Chair Powell and Governor Cook.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-03-03•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority announced the reopening of Nasdaq Dubai for trading on 4 March 2026. Nasdaq Dubai, located in the Dubai International Financial Centre, facilitates trading in equities, derivatives, sukuk, and conventional bonds. The DFSA continues to monitor regional developments and liaises with local authorities.
Supervision Authorisations & approvals Trading
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2026-03-03•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two exchange offices in Bishkek KGS 55,000 each for violating foreign exchange regulations. Additionally, an individual was fined KGS 17,500 for conducting unlicensed cash foreign currency exchanges.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-03-03•Japan•Japan Financial Services Agency
The Japan Financial Services Agency announced a Cabinet-approved bill to amend the Act on Special Measures to Strengthen Financial Functions, focusing on regional financial institutions. The amendments aim to extend deadlines for the capital participation and fund grant systems, supporting regional financial capacity. The agency urged early Diet deliberation with current deadlines ending in March.
Policy & regulation Rules & requirements Other
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2026-03-03•United Arab Emirates•UAE Securities & Commodities Authority
The UAE Securities & Commodities Authority has resumed trading, clearing, and settlement activities in the UAE's capital markets, including the Abu Dhabi Securities Exchange and Dubai Financial Market, effective 4 March 2026. This follows coordination with the exchanges and aligns with a previously communicated timetable. The Authority will continue monitoring regional developments and may take further actions to protect investors.
Policy & regulation Implementation, projects & pilots Trading
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2026-03-03•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority issued an investor reminder to exercise caution amid heightened global tensions. The DFSA highlighted increased risks of short-term market volatility, fake news, and phishing attempts, advising investors to verify online information and avoid spreading unverified content.
Supervision Alerts Market risk and volatility
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2026-03-03•Europe•European Securities and Markets Authority
The European Securities and Markets Authority's 2025 Costs and Performance report highlights a decline in ongoing costs for EU retail investment products in 2024, driven by newer, lower-fee funds. UCITS performance improved significantly, with notable returns in equity, mixed, and bond funds, while ESG UCITS underperformed. Alternative Investment Funds saw a decrease in retail investor share, and structured retail products maintained stable costs with a higher market share for interest-rate linked products.
Data & statistics Financial and market indicators Supervisory data
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2026-03-03•Ireland•Department of Finance (Ireland)
Ireland's Department of Finance announced the Government's decision to nominate Gabriel Makhlouf for re-appointment as Governor of the Central Bank of Ireland, with his second term starting on 1 September 2026. Makhlouf, serving since 2019, chairs the Central Bank Commission and holds roles in the European Central Bank and International Monetary Fund. The re-appointment follows the Central Bank Act 1942, allowing a seven-year extension.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-03-03•Europe•European Central Bank
The European Central Bank's Working Paper examines stablecoin adoption's impact on euro area bank intermediation and monetary policy transmission. Findings indicate stablecoins can shift funding from retail deposits to wholesale and foreign-currency sources, tightening credit supply and complicating monetary policy pass-through. The paper also highlights risks to monetary sovereignty from foreign-currency stablecoins, particularly USD-denominated funding.
Research Stablecoins
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2026-03-03•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Criminal Investigation Agency of the Indonesian National Police (Bareskrim Polri) have signed a cooperation agreement to enhance law enforcement in the financial services sector. This agreement updates their 2020 arrangement, focusing on data exchange, law enforcement coordination, and human resource development to improve case handling and coordination.
Policy & regulation Cooperation Cross-border cooperation
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2026-03-03•Japan•Japan Financial Services Agency
The Japan Financial Services Agency (FSA) released version 1.1 of its AI Discussion Paper, detailing the current use of artificial intelligence in financial institutions and initial issues for sound utilization. This update, building on the March 2025 version, includes insights from the FSA’s AI Public-Private Forum and highlights areas needing regulatory clarification. The FSA emphasizes that the analysis is preliminary and may change with technological and business developments.
Policy & regulation Guidance & interpretation Artificial intelligence
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2026-03-03•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority has authorized CNNC Captive Insurance Limited, a captive insurer established by China National Nuclear Corporation, marking the first captive authorization in 2026. This brings the total number of captive insurance companies in Hong Kong to seven. The Authority emphasized the role of captives in enterprise risk management and plans to promote Hong Kong’s captive proposition in the Chinese Mainland and Asia.
Supervision Authorisations & approvals Licence approval
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2026-03-03•United Kingdom•Bank of England
The Bank of England announced the availability of a BEEDS user acceptance testing environment for statistical reporting firms and software houses to test the Bank of England Statistical Taxonomy v1.3.1 FINAL. The UAT window, open from 30 March to 17 April 2026, is the last before live submissions for end-May 2026 data. Firms will be automatically enabled for UAT, and software houses must request access by 20 March 2026.
Policy & regulation Implementation, projects & pilots Regulatory reporting
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2026-03-03•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has appointed new heads for departments and regional offices to enhance continuity, integrity, and performance. Key appointments include Kristrianti Puji Rahayu as Head of the OJK Institute and Rudy Agus P. Raharjo as Head of the Department of Organisation, Human Resources and Culture. The inauguration, led by Acting Chairman Friderica Widyasari Dewi, emphasized integrity and professionalism.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-03-03•Global•ISDA
ISDA and EMTA, Inc. have released the 2026 FX Definitions, updating market practices and consolidating FX templates into a single document, effective November 22, 2027. The new definitions revise disruption events, incorporate non-deliverable FX transaction terms, and align with the 2021 ISDA Interest Rate Derivatives Definitions. The 2026 FX Definitions will replace the 1998 standards, with Swift discontinuing support for the old definitions post-implementation.
Policy & regulation Rules & requirements Foreign exchange policy and markets
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2026-03-03•Global•International Monetary Fund
An International Monetary Fund article in F&D magazine discusses sub-Saharan Africa's shift from external borrowing to domestic debt, highlighting reduced exchange-rate exposure but increased rollover and financial-stability risks. It notes no Eurobond issuances between spring 2022 and January 2024 and emphasizes stronger policy frameworks for domestic market development. The article addresses challenges like short maturities, high issuance costs, and the sovereign-bank nexus, recommending broader investor bases and enhanced transparency to manage these trade-offs.
Research Lending
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2026-03-03•Global•International Monetary Fund
The IMF published research by Anil K. Kashyap and Jeremy C. Stein on US Treasury market fragility, recommending the Federal Reserve develop targeted, duration-neutral tools. The study highlights structural issues like increased Treasury supply, dealer balance sheet constraints, and leveraged arbitrage. The authors suggest hedging future emergency Treasury purchases to maintain duration neutrality and propose limiting interventions to clearly dysfunctional thresholds to mitigate moral hazard.
Research Market infrastructure
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2026-03-03•Barbados•Central Bank of Barbados
The Central Bank of Barbados reiterated that foreign currency transactions must occur through authorised dealers as per the Exchange Control Act. It stressed the need for account holders to use existing foreign currency balances before requesting additional purchases. The Bank confirmed international reserves of approximately USD 3 billion, ensuring no foreign exchange shortage, and committed to efficient processing of legitimate transactions.
Policy & regulation Guidance & interpretation Foreign exchange policy and markets
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2026-03-03•New Zealand•Department of Internal Affairs
The New Zealand Department of Internal Affairs issued a scam alert regarding emails impersonating its Anti-Money Laundering and Countering Financing of Terrorism Group, falsely claiming funds are frozen or payments are required. The Department emphasized these are scams and does not request payments or transfers. Recipients are advised to report phishing and suspected fraud through established channels like CERT NZ and the Police.
Supervision Alerts Fraud and scams
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2026-03-03•Lithuania•Bank of Lithuania
The Bank of Lithuania has authorized Micar assets UAB to operate as a crypto-asset service provider under the Markets in Crypto-Assets Regulation (MiCA), enabling it to offer services to retail and business clients. This includes custody, administration, exchange, and processing of crypto-assets. Lithuania ranks second in the Nordic-Baltic region for crypto-asset service provider authorizations, according to ESMA data.
Supervision Authorisations & approvals Licence approval
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2026-03-03•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia has launched a free offline mobile app, Billetes de Bolivia, to let the public verify Series B BOB 10, 20 and 50 banknotes by checking serial numbers against those invalidated after a 27 February cargo aircraft accident. Only the 17.1 million notes on the crashed flight have been disabled; other Series B notes remain legal tender and should not be rejected without verification. The app complements an online verifier, and the bank plans additional mechanisms for users without technology while continuing to identify and perforate invalid notes.
Financial literacy & education Currency and cash management
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2026-03-03•Libya•Central Bank of Libya
The Central Bank of Libya reviewed electronic payments growth with banks and payment companies and agreed to start QR code payments at POS terminals next Sunday. Recent indicators showed sharp expansion in POS deployment, card and mobile transactions, and instant payments. The governor also called for easier access to electronic banking services and continued performance improvements.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-03-03•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario's March 2026 pensions update reports stable funding levels for defined benefit pension plans, with a median solvency ratio of 124% as of 31 December 2025. The update finalizes the Supervisory Approach Guidance for target benefit multi-employer pension plans, detailing conversion reviews, risk assessments, and compliance expectations. FSRA also initiated a Pension Services Portal data clean-up and found discrepancies in Investment Information Summary filings for defined benefit plans.
Supervision Supervision approach, priorities & toolkit
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2026-03-03•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) deactivated over 7,586 fraudulent investment and crypto scam websites targeting Canadians, involving more than 13,000 URLs between June 2025 and February 2026. This initiative is part of coordinated regulatory and enforcement efforts using technology and collaboration with industry and law enforcement. The CSA will include these statistics in its annual Year in Review publication starting in 2026.
Enforcement Investigations & enforcement actions Fraud and scams
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2026-03-03•United States•U.S. Department of the Treasury
The U.S. Treasury urged a review of post-2008 liquidity regulations, suggesting reforms to restore the central bank's lender-of-last-resort role by recognizing collateral-backed borrowing at the discount window as monetizable liquidity. It criticized current requirements as too restrictive, noting large banks' increased safe asset allocations and the stigma of discount window access. The Treasury also announced upcoming proposals on bank capital modernization, expanded deposit insurance, and AML/CFT supervision.
Policy & regulation Reform agendas & priorities Liquidity risk Prudential risks
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2026-03-03•United States•Federal Reserve Board
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman critiqued the post-GFC prudential liquidity framework, highlighting issues with the liquidity coverage ratio (LCR) and its pro-cyclical effects during market stress. She noted that the LCR can lead to excessive holdings of high-quality liquid assets (HQLAs) and discourage use of central bank backstops. Bowman called for a broader discussion to inform potential adjustments to the liquidity framework and modernization of the discount window.
Policy & regulation Guidance & interpretation Liquidity risk Financial stability and systemic risk
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2026-03-03•United States•Federal Reserve Board
The Federal Reserve Board issued consent prohibition orders against Jacob Hilton and Klaus Koberstein, former employees of United Bank and East Cambridge Savings Bank, respectively. Hilton was cited for embezzlement of bank funds, while Koberstein was cited for misappropriation of customer funds.
Enforcement Investigations & enforcement actions Fraud and scams
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2026-03-03•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank published a speech by Olaf Sleijpen emphasizing Europe's need to enhance resilience, growth, and stability amid geopolitical fragmentation. Key points include reducing foreign dependency on critical infrastructure, deepening the European single market, and prioritizing cyber resilience. Sleijpen also highlighted concerns over crypto-assets, particularly stablecoins, and advocated simplifying banking rules without deregulation.
Policy & regulation Guidance & interpretation Financial stability and systemic risk
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2026-03-03•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets and De Nederlandsche Bank's annual monitor advises against easing borrowing limits for homebuyers, warning it could increase house prices and buyer debt, impacting financial stability. The report recommends maintaining the current Loan-to-Value cap despite its high level compared to other countries, to avoid further challenges for first-time buyers. The monitor highlights that while homeowners are less vulnerable to shocks since 2013, risks persist due to high mortgage debt and rising LTVs and LTIs.
Research Lending Macroprudential policy and tools Financial stability and systemic risk
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2026-03-03•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendence of Banking, Insurance and Pension Fund Administrators (SBS) warned about money-lending apps offering unsolicited credit and requiring extensive phone data access. These apps collect personal information, impose high charges, and threaten borrowers with exposure to their contacts. SBS advises against downloading these apps without verifying requirements and highlights the need for registration and supervision under Legislative Decree No. 1106 and SBS Resolution No. 650-2024.
Supervision Alerts Unlicensed or unauthorized activity
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2026-03-03•Sweden•Riksbank
Sveriges Riksbank's Executive Board addressed the Riksdag Committee on Finance, discussing 2025 operations and current monetary policy. Key points included a policy rate of 1.75% to support economic activity, operational measures for payment system preparedness, and a new deposit requirement for Swedish credit institutions. The Board also noted inflation near target, easing interest rates, and geopolitical tensions impacting policy considerations.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-03-03•Colombia•Central Bank of Colombia
The Central Bank of Colombia's working paper analyzes natural-disaster-related closures on the Pan-American Highway, finding a 1% decrease in freight volumes and a 1% increase in logistics costs during closure months. Using 2017–2024 data, it identifies 128 closures, mainly from landslides and rockfalls, with mitigation priorities like slope stabilization and improved response capacity. The paper is provisional and reflects the authors' views, not the institution's.
Research Other
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2026-03-03•Colombia•Central Bank of Colombia
The Central Bank of Colombia will implement the Citizen Authentication System (SAUC) for accessing its Foreign Exchange Information System starting 16 March 2026, replacing the current method. SAUC eliminates the need for digital certificates, offering a faster interface while maintaining security standards. Users must enroll in SAUC, accept terms, and confirm their email, with support available during the transition.
Policy & regulation Implementation, projects & pilots Other
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2026-03-03•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland's 2026 Report on Employer Firms reveals small businesses are scaling back revenue and employment growth expectations to their lowest since 2020, though still above that low point. Rising costs remain the primary financial challenge, with 48% of firms sourcing inputs internationally and 84% of those facing higher costs. Online lender application rates have increased for the fifth year, with 60% of firms experiencing higher-than-expected borrowing costs.
Research Economic data and developments
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2026-03-03•Global•Financial Action Task Force
The Financial Action Task Force (FATF) released a report on stablecoins and unhosted wallets, highlighting increased illicit finance risks, particularly in peer-to-peer transactions. Stablecoins accounted for 84% of illicit virtual asset transaction volume in 2025, often involving unhosted wallets and complex laundering techniques. It urges countries to address stablecoin-specific risks with proportionate measures, including full implementation of Recommendation 15, and suggests good practices for issuers and authorities to mitigate these risks.
Policy & regulation International standards & recommendations Stablecoins
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2026-03-03•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario released its Q4 2025 Solvency Report for Defined Benefit Pension Plans, maintaining a median pension solvency ratio of 124% for Ontario plans. The report attributes year-end results to strong equity market performance in late 2025 and warns of potential 2026 risks like interest rate changes and geopolitical uncertainty. Plan sponsors are advised to employ stress testing and analytical tools for risk assessment.
Supervision Risk monitoring & watch points
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2026-03-03•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Agency for Regulation and Development of the Financial Market has approved Sergey Vladimirovich Nefedov for a senior officer position at JSC Bank RBK.
Supervision Authorisations & approvals Other
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2026-03-03•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) issued two final rules to reduce regulatory burdens for community banks. One rule rescinds the OCC’s Fair Housing Home Loan Data System regulation, eliminating redundant data collection requirements. The other rule simplifies licensing requirements by expanding eligibility for expedited procedures in corporate activities and transactions.
Policy & regulation Rules & requirements Regulatory burden
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2026-03-03•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine's Securities and Stock Market Chair, Oleksii Semeniuk, met with Kernel to discuss a pilot corporate bond issuance. They plan a single transaction to test capital markets infrastructure and identify changes. The Commission is finalizing OIR regulation to simplify market entry, amid rising investor demand and investments in domestic government bonds exceeding UAH 12bn.
Policy & regulation Implementation, projects & pilots Other
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2026-03-03•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported that seven financial institutions registered in SIPRES were impersonated to deceive individuals seeking credit. The impersonators used unauthorized trade names, corporate names, logos, and sometimes tax or administrative details.
Supervision Alerts Fraud and scams
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2026-03-03•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has amended the Manual of Regulations for Banks to enhance reporting governance, update standards for prudential and regulatory reports, and revise submission deadlines for XML reports via PRIME. The amendments introduce a new daily penalty structure for reporting breaches, clarify roles for governance and compliance, and validate digital signatures for electronic submissions. Effective 15 days post-publication, these changes apply exclusively to banks, with full implementation starting for reports ending 30 June 2026.
Policy & regulation Rules & requirements Regulatory reporting
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2026-03-03•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines raised the cash withdrawal threshold for enhanced due diligence (EDD) to PHP 1 million from PHP 500,000 to streamline legitimate transactions and focus on higher-risk activities. Under BSP Circular No. 1230, withdrawals above PHP 1 million require additional verification, with EDD at the customer level for regular large transactions. Financial institutions may set lower thresholds based on risk assessments, and the circular specifies no threshold for non-cash withdrawals.
Policy & regulation Rules & requirements AML and CFT Financial stability and systemic risk
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2026-03-03•Serbia•Republic of Serbia Securities Commission
The Republic of Serbia Securities Commission's Chairman, Marko Jankovic, participated in the 33rd Kopaonik Business Forum, discussing Serbia's efforts to harmonize its regulatory framework with the European Union acquis. The panel addressed capital market laws, financial market development, and modern instruments such as digital assets and tokenisation.
Policy & regulation Cooperation
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2026-03-03•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan revoked the insurance agent licences of five individuals following a Board decision on 27 February 2026. One licence was voluntarily surrendered, while the other four were revoked due to non-compliance with conditions for suspension removal.
Supervision Authorisations & approvals Licence withdrawal
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2026-03-03•United Arab Emirates•Dubai International Financial Centre
Dubai International Financial Centre issued an operational update advising firms and residents to maintain business continuity and monitor official guidance amid regional uncertainty. DIFC Authority services remain fully available, with staff returning to office-based work from 4 March 2026. Regulated clients affected by the situation are requested to provide updates via the DFSA portal.
Policy & regulation Guidance & interpretation Other
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2026-03-03•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported on the Financial Stability Council's review of Lending and Mortgage Lending Development Strategies, noting positive dynamics and updates for sustainable growth. The Council highlighted a one-third increase in net hryvnia loans in 2025, with market rates nearing prewar levels. It instructed the Financial Development Committee to propose improvements in financial instruments and lending infrastructure to enhance credit penetration while maintaining stability.
Policy & regulation Reform agendas & priorities Financial stability and systemic risk
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2026-03-03•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has granted National Investment Company a private marketing licence to offer shares in VALUE-ADD FUND 1A IC LIMITED to professional clients in Kuwait. The licence allows the marketing of 75,000 shares at EUR 1,000 each, with a subscription commission of up to 2.25%. The licence is valid for one year, contingent on fee payment within one month.
Supervision Authorisations & approvals Securities offerings and listings
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2026-03-03•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority granted National Investments Company a private marketing licence to offer shares in VALUE-ADD GBP FUND 2A IC LIMITED in Kuwait. The licence permits the marketing of 75,000 shares at GBP 1,000 each, with a subscription commission of up to 2.25%, to professional clients only. The licence is valid for one year, contingent on timely fee payment.
Supervision Authorisations & approvals Securities offerings and listings
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2026-03-03•United Kingdom•Financial Conduct Authority
The UK Financial Conduct Authority's report from the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) indicates improved effectiveness among AML supervisors since 2018, though enforcement remains weak. OPBAS oversees 25 Professional Body Supervisors in the accountancy and legal sectors, noting some struggle with enforcement and dual roles. The report aligns with the Government's decision for the FCA to assume AML supervision in these sectors by 2025 to enhance oversight and crime disruption.
Supervision Reviews, inspections & stress tests AML and CFT
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2026-03-03•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is advancing reforms to modernize the non-state pension system, focusing on the third pillar and accumulation-based pensions. Discussions include aligning legislation with European standards, enhancing participant protection, and strengthening asset management and oversight. Legislative changes will proceed through consultations with the professional community before submission to parliament.
Policy & regulation Reform agendas & priorities
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2026-03-03•France•France Autorite des marches financiers
France's Financial Markets Authority released a report from its 2025 Savings and Investment Barometer, highlighting that women are generally more risk-averse and less likely to invest compared to men. However, younger women show a higher propensity to invest than older cohorts.
Research Diversity and inclusion
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2026-03-03•France•France Autorite des marches financiers
France's Autorité des marchés financiers (AMF) released a special edition of its Savings and Investment Barometer, highlighting a persistent gender gap in financial investments. Women are less likely to invest than men, with only 24% participating in shares, crypto-assets, or crowdfunding compared to 45% of men. The report also notes women's higher risk aversion, lower financial confidence, and less engagement with market information.
Research Diversity and inclusion
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2026-03-03•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) will cease accepting email document submissions from 16 March, consolidating electronic submissions through the ProtocoloGOV PREVIC digital protocol to enhance transparency, security, and traceability. The platform, operational for a year, has processed over 1,950 documents and integrates with the Electronic Information System (SEI) for real-time tracking and alerts.
Policy & regulation Implementation, projects & pilots Operational excellence
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2026-03-03•Canada•Quebec Autorite des marches financiers
The Canadian Securities Administrators (CSA) updated its efforts to combat fraudulent online investment websites targeting Canadians, highlighting the use of regulatory and enforcement tools and collaboration with partners. The CSA emphasized intensified efforts to disrupt fraud, prevent online harm, and educate investors, urging vigilance and verification of registration status. From 2026, the CSA will include statistics on deactivated websites in its annual Year in Review.
Supervision Alerts Fraud and scams
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2026-03-03•India•Insurance Regulatory and Development Authority of India
The Insurance Regulatory and Development Authority of India released a draft amending regulations on insurers' actuarial, finance, and investment functions to support Indian Accounting Standards (Ind AS) adoption from 1 April 2026. It outlines a framework for financial statement recognition, measurement, presentation, and disclosure for all insurers, aiming to enhance consistency, transparency, and comparability in insurance financial reporting while maintaining regulatory prudence and protecting policyholder interests.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-03-03•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails targeting banks like The Bank of East Asia and OCBC Bank (Hong Kong). The HKMA stressed 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's Crime Wing Information Centre.
Supervision Alerts Fraud and scams
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2026-03-03•Europe•European Association of CCP Clearing Houses
The European Association of CCP Clearing Houses and other industry groups urged the European Commission and EU Member States to maintain the EU VAT Directive Article 199a derogation, allowing the Domestic Reverse Charge Mechanism (DRCM) for wholesale trading in electricity, gas, and related certificates. They warn of Missing Trader Intra-Community fraud risks and highlight DRCM's effectiveness in mitigating them. The associations call for a permanent derogation or a ten-year extension, consistent application across Member States, and clarification on the certificates covered under Article 199a.
Policy & regulation Rules & requirements Fraud and scams
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2026-03-03•Europe•European Commission
European Commission President von der Leyen addressed the 4th EIB Group Forum, emphasizing the European Investment Bank's (EIB) role in financing the clean transition, security, defence, and innovation. She highlighted the need for deeper capital markets through the Savings and Investments Union and noted that 60% of EIB financing supported clean energy projects last year. Von der Leyen urged completion of Commission proposals on market integration, securitisation, and supervision.
Policy & regulation Reform agendas & priorities Climate risk and sustainable finance
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2026-03-03•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The Kyrgyz Republic's State Service for Regulation and Supervision of Financial Markets seeks consultancy services to develop a reinsurance strategy under the World Bank's "Building Resilience to Disaster Risks in Kyrgyzstan" project. The goal is to enhance financial protection against natural disasters for compulsory residential building insurance, with a budget ceiling of USD 135,000. The consultancy requires experience in reinsurance strategy projects and engagement with government or financial entities.
Institutional development Procurement Other
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2026-03-03•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets in the Kyrgyz Republic reported on licensing and permitting decisions from 23 to 27 February 2026. Key actions included registering securities issues for several companies, updating auditor and audit organization registers, and licensing changes affecting pawnshops and securities market intermediaries. Notable decisions involved canceling certain pawnshop licenses and issuing new licenses for brokerage and investment asset management.
Supervision Authorisations & approvals Licensing framework and process
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2026-03-03•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam updated its BDCB Alert List, adding entities such as Official Amanah Baiduri and Mei’az Miharbi, warning the public against unlicensed financial activities. The central bank emphasized that only BDCB-licensed institutions are covered by regulatory protections, and activities like money lending and remittance require a licence. The BDCB will continue to monitor unlicensed financial activities in Brunei.
Supervision Alerts Other
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2026-03-03•Albania•Bank of Albania
The Bank of Albania announced a meeting between Governor Gent Sejko and the Kosova Academy of Sciences and Arts to enhance inter-institutional and inter-academic cooperation. Discussions included Albania–Kosovo economic integration, regulatory harmonization, and collaboration in monetary policy, banking supervision, and financial stability. The parties committed to joint scientific activities and expertise exchanges.
Policy & regulation Cooperation Other
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2026-03-03•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan will discontinue the AniPay mobile application and anipay.az website from 4 March 2026 to enhance competition in the digital payments market. The bank expects financial sector participants to continue offering comparable services, as AniPay functionalities are already available in mobile banking apps. This move aligns with the central bank's strategy to promote payment services and increase market participation.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-03-03•Russia•Central Bank of Russia
The Central Bank of Russia announced the inclusion of the MOEX Refined Gold Index as Russia's first commodity benchmark in the official register. This allows it to be referenced in regulations by Russian authorities and the Bank of Russia, expanding its accessibility. The index, developed by Moscow Exchange, is already used for over-the-counter transactions and financial instruments.
Policy & regulation Rules & requirements Financial benchmarks
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2026-03-03•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) released a communiqué detailing findings and recommendations from its Working Group on Banco Master, REAG, and related entities, following their liquidation. The review identified frequent issues in disclosure, compliance, and internal controls, with serious but less frequent cases of insider trading and market manipulation. Supervisory activities increased significantly in 2025, with many cases originating externally.
Supervision Reviews, inspections & stress tests Supervision process and methodologies
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2026-03-03•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) appointed Michaela Fleischer as Chief Operating and Financial Officer to enhance strategic financial leadership and operational delivery. Fleischer will oversee operational, financial, and administrative functions, reporting to CEO Alexandre Kech. The role responds to growing demand for secure organizational identities and increased adoption of the Legal Entity Identifier (LEI) and verifiable LEI (vLEI).
Institutional development Leadership change & appointments Leadership change and appointments
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2026-03-03•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two exchange bureaus in Bishkek KGS 55,000 each for breaching Kyrgyz legislation and central bank regulations. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unlicensed cash foreign-currency exchange operations in Bishkek.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-03-03•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has released a 2026 plan to enhance administrative procedure control, focusing on simplification and digitisation. Key targets include reducing processing times and compliance costs by 50% compared to 2024, enabling full online processing, and improving information reuse from government databases. The plan also emphasizes transparency, public feedback, and alignment with national e-government standards.
Policy & regulation Implementation, projects & pilots Regulatory burden
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2026-03-03•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has adopted its 2026 administrative reform plan to streamline procedures, enhance digital tools, and improve service quality in securities market administration. Key targets include online payment systems, digitisation of administrative outcomes, and a 50% reduction in processing times and compliance costs compared to 2024. The plan mandates full electronic business reporting and management, with upgrades to the Commission's systems and data synchronisation with the National Data Center.
Institutional development Technology & data transformation Other
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2026-03-03•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a World Wildlife Day message highlighting the First Philippine Polymer Banknote Series, featuring protected wildlife and native flora to emphasize biodiversity conservation. The series includes images of the Philippine eagle, Visayan spotted deer, Palawan peacock-pheasant, and Visayan leopard cat, with contributions from wildlife photographer Floyd Bermejo. The initiative aims to raise public awareness of the importance of protecting species and habitats.
Other
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2026-03-03•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued Circular No. 1230, raising the cash withdrawal threshold for enhanced due diligence (EDD) to PHP 1 million from PHP 500,000. This adjustment targets higher-risk activities while facilitating legitimate transactions, following consultations and findings from the anti-money laundering National Risk Assessment. Financial institutions may set lower thresholds based on risk assessments, and non-cash withdrawals remain unaffected.
Policy & regulation Rules & requirements AML and CFT Financial stability and systemic risk
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2026-03-03•Russia•Central Bank of Russia
The Central Bank of Russia has filed a claim with the General Court of the European Union challenging EU Council Regulation 2025/2600, arguing it unlawfully restricts its sovereign assets and violates rights under international and EU law. The bank contends the regulation breaches principles of access to justice, property inviolability, and sovereign immunity, citing procedural issues in its adoption. It reserves all rights and remedies concerning the regulation.
Enforcement Investigations & enforcement actions Other
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2026-03-03•Latvia•Central Bank of Latvia
The Central Bank of Latvia reported a 7% increase in the volume and an 11% rise in the value of non-cash payments in 2025, totaling 934 million transactions worth EUR 1.2 trillion. Payment cards and credit transfers dominated the payment volume, with credit transfers driving the growth in total payment value. The report also noted 35 thousand fraudulent payments totaling EUR 10.5 million, with a 9% increase in volume but a 12% decrease in value.
Data & statistics Financial and market indicators Supervisory data
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2026-03-03•Estonia•Central Bank of Estonia
The Central Bank of Estonia will host a seminar on 5 March addressing payment fraud, with participation from police, banks, and communications providers. The event will explore the persistence of scams in Estonia, despite security investments, and discuss necessary changes in legal frameworks, technology, and cross-sector cooperation. Topics include scam recognition, digital security, legal support for anti-fraud efforts, and solutions for preventing transaction scams and misuse of digital identities.
Policy & regulation Cooperation Fraud and scams
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2026-03-03•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority has approved the annual update of Jet Contractors’ commercial paper issuance programme. The programme includes a ceiling of MAD 200 million, with maturities from 10 days to 12 months and a fixed interest rate per issuance. The updated information dossier is accessible at Jet Contractors’ headquarters, its website, the placement agent, and the AMMC website.
Supervision Authorisations & approvals Securities offerings and listings
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2026-03-03•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) is conducting an accelerated review of the UK Listing Rules to evaluate their application to certain investment entities and potential changes to eligibility criteria. Stakeholder feedback suggests that current risk-spreading requirements may be overly restrictive. The review will also examine how FCA rules support shareholder rights and board management of conflicts of interest.
Policy & regulation Rules & requirements Securities offerings and listings
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2026-03-03•Europe•European Central Bank
ECB Executive Board member Philip R. Lane told the Financial Times that current monetary policy is appropriate despite inflation forecasts below the 2% target. He noted stronger-than-expected euro area growth driven by business investment, AI, and the green transition, with energy deflation affecting headline inflation. Lane identified external shocks, like energy price swings and geopolitical events, as primary inflation risks, with the ECB monitoring Middle East conflict developments.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-03-03•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish pension companies received DKK 175 billion in contributions in 2025, a 7.4% increase from the previous year. This rise is attributed to higher employment, rising wages, and anticipated changes to income tax thresholds in 2026. Total pension assets increased to DKK 4,584 billion, bolstered by both higher contributions and positive investment returns.
Data & statistics Financial and market indicators Supervisory data
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2026-03-03•Global•Financial Action Task Force
The Financial Action Task Force (FATF) released a report on stablecoins and unhosted wallets, emphasizing money laundering and terrorist financing risks due to their rapid growth and use outside regulated intermediaries. It recommends jurisdictions implement AML/CFT obligations for stablecoin issuers and related entities, highlighting best practices like risk-based controls and enhanced cooperation tools. Stablecoins reached over USD 300 billion in market capitalization by mid-2025, with significant illicit transaction volumes linked to unhosted wallets.
Policy & regulation Guidance & interpretation Stablecoins
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2026-03-03•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and the Monetary Authority of Macao have signed a revised Memorandum of Understanding to enhance bilateral cooperation. The updated framework extends collaboration to financial infrastructure linkage, currency and data statistics exchange, and industry training, aligning with the Greater Bay Area agenda.
Policy & regulation Cooperation Cross-border cooperation
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2026-03-03•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reminded drivers of the "Europrotocol" for filing auto insurance claims directly at accident scenes without police or courts. It applies when two insured vehicles are involved, damage is under 100 AEK, and there's no dispute or harm to life, health, or third-party property. Since its launch, about 25,000 cases totaling KZT 4.9 billion have been processed, streamlining payouts and easing road and court pressures.
Policy & regulation Guidance & interpretation Payments and payment systems
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2026-03-03•Egypt•Egypt Financial Regulatory Authority
The Egyptian Financial Regulatory Authority has restructured the licensing framework for key roles in non-banking financial firms, mandating a Financial Regulatory Authority licence for 14 specified positions. The framework includes a three-year renewable licence term, role definition requirements, and eligibility restrictions. Firms must comply within six months of the decision's publication in the Official Gazette.
Policy & regulation Rules & requirements Licensing framework and process
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2026-03-03•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority conducted a field outreach tour in Assiut Governorate to promote awareness of non-banking financial services, focusing on microfinance and microinsurance for microenterprises. Workshops addressed sustainability, climate change impacts, and sustainable finance, highlighting carbon certificates as a financing tool for farmers. This tour is part of a broader initiative to enhance citizen engagement and understanding of non-banking financial services across Egypt.
Policy & regulation Implementation, projects & pilots Financial literacy and education
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2026-03-03•Japan•Japan Financial Services Agency
Finance Minister Katayama, overseeing the Japan Financial Services Agency (JFSA), stated no specific action has been determined regarding SANAE TOKEN due to the absence of complaints or identified victims, though the JFSA will act as necessary to protect users. The Ministry of Finance disclosed around 28,000 pages related to the Moritomo Gakuen case, with further disclosures expected to exceed initial expectations, totaling over 310,000 pages.
Policy & regulation Implementation, projects & pilots Disclosures
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2026-03-03•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission met with authorities and financial institutions to assess market conditions amid Middle East tensions, agreeing on coordination and readiness for contingency plans, including over KRW100 trillion in market stabilisation. The FSC will intensify surveillance for market manipulation and support SMEs exposed to the conflict, deploying KRW13.3 trillion in financial assistance. A joint taskforce will be established for real-time information sharing and monitoring.
Policy & regulation Cooperation Geopolitical risk
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2026-03-03•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) will not expel firms involved in the Shield and First Guardian Master Funds collapse, deferring membership end dates to ensure consumer dispute resolution access. This aligns with AFCA's policy to keep complaint avenues open while assessing consumer harm, affecting firms like United Global Capital and Next Generation Advice. AFCA will independently assess complaints and may revisit membership decisions, providing advance notice of changes.
Policy & regulation Rules & requirements Complaints and dispute resolution
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2026-03-03•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) affirmed financial sector stability amid volatility and outlined measures to enhance resilience, market integrity, and consumer protection. Developments include eased pressure on domestic equities, significant capital market fines, and a 9.96% banking credit increase. OJK assumed regulatory responsibilities for digital financial assets, with anti-scam efforts freezing IDR 566.1bn in victim funds.
Supervision Interventions Economic data and developments Financial stability and systemic risk
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2026-03-03•Brazil•Central Bank of Brazil
The Central Bank of Brazil issued Resolution BCB No. 551, allowing financial institutions to deduct mandatory advance payments to the Credit Guarantee Fund (FGC) from required reserves on demand and time deposits. This measure aims to neutralize the liquidity impact of the FGC's advance collection and could release BRL 30 billion in 2026. Institutions can choose how to allocate the deduction between demand and time deposits.
Policy & regulation Rules & requirements Liquidity risk