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2026-02-26•United States•Financial Crimes Enforcement Network
The US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule to cut MBaer Merchant Bank AG’s access to the US financial system due to its financial support to illicit actors linked to Russia and Iran. The rule would prohibit US financial institutions from maintaining correspondent accounts for MBaer, designating it as a primary money laundering concern.
Policy & regulation Rules & requirements New sanctions designations
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2026-02-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
Staff from the Osh regional office of the National Bank of the Kyrgyz Republic delivered a lecture at the B. Sydykov Kyrgyz-Uzbek International University on financial and payments topics. The session covered the National Bank’s role, the history and security of the national currency, and basic financial concepts. It also included the use of QR codes in payments and managing credit bans in the Tunduk application.
Financial literacy & education Financial literacy and education
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2026-02-26•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 the Republic of Kazakhstan approved Bekzhan Olzhaevich Pirmatov as an independent director of JSC Holding Group ALMEX and Talgat Zhumanovich Kuanyshev as a board member of JSC Home Credit Bank, a subsidiary of JSC ForteBank.
Supervision Authorisations & approvals Licence approval
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2026-02-26•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 and the National Bank of Kazakhstan held a roundtable with the Kazakhstan Stock Exchange to discuss a capital market development programme through 2030 and a draft securities market law. The initiatives aim to remove structural constraints, align with international standards, and enhance the capital market's role in economic financing. Key focuses include expanding the investor base, attracting foreign capital, integrating with global markets, and modernising regulatory frameworks.
Policy & regulation Reform agendas & priorities Other
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2026-02-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported that captive financial institutions within multinational groups had EUR 154 billion in outstanding intra-group loans to the Dutch corporate sector by Q3 2025, representing 13% of the Dutch GDP. These loans, primarily from non-EU multinationals, are a significant credit source for Dutch companies, facilitating both domestic investment and conduit financing abroad.
Data & statistics Financial and market indicators
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2026-02-26•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia's Director General, Sou Socheat, participated in the GFTN Forum 2026 in Tokyo, discussing AI's role in enhancing regulatory analysis. The roundtable focused on using AI to reduce policy inconsistencies, improve regulatory review speed, and support innovation, financial stability, consumer protection, market integrity, and cybersecurity.
Other Artificial intelligence Compliance
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2026-02-26•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) has revised the valuation method for mutual fund schemes holding physical gold and silver, shifting to polled spot prices from recognized stock exchanges for derivatives settlement. Effective 1 April 2026, this change aims to better reflect domestic market conditions and ensure uniform valuation practices. The Association of Mutual Funds in India will establish a uniform policy for implementation in consultation with SEBI.
Policy & regulation Rules & requirements Valuation
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2026-02-26•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines released the first results of its new monthly Business Expectations Survey, transitioning from a quarterly to a monthly format to better monitor business sentiment. The January 2026 survey showed a positive Confidence Index (CI) of 0.9 percent, down from 29.7 percent in Q4 2025, with future CIs rising due to anticipated consumer demand and business improvements. The survey methodology remains largely unchanged, covering about 500 firms with a higher margin of error.
Data & statistics Economic data and developments
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2026-02-26•India•Securities & Exchange Board of India
The Securities & Exchange Board of India (SEBI) warned investors about scams involving unauthorized "account handling" services that promise risk-free profits. SEBI advised against sharing demat or trading account credentials and emphasized that these entities are not SEBI-registered. Investors are urged to transact only through SEBI-registered intermediaries and verify registration status on SEBI’s website.
Supervision Alerts Fraud and scams
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2026-02-26•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) issued a warning about fraudsters using forged notices and SEBI's name to demand Securities Transaction Tax payments. SEBI clarified that it does not issue such notices and that the tax is collected by brokers. Investors are advised to verify enforcement actions on SEBI's website and ensure payments are made through SEBI's official channels.
Supervision Alerts Fraud and scams
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2026-02-26•Brazil•Brazil Securities Commission (CVM)
The Corporate Relations Superintendence of the Brazil Securities Commission (CVM) issued its 2026 Annual Circular Letter, guiding CVM-registered companies on disclosure procedures for the Reference Form and remote voting bulletin. It warns against using election poll results before public dissemination as an unfair practice under CVM Resolution 62. The circular also addresses Technical Pronouncement CPC 51 and provides operational guidance on systems like CICORP and Empresas.NET, with CVM Resolutions 237 and 238 effective from 1 January 2027.
Policy & regulation Guidance & interpretation Accounting and financial reporting
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2026-02-26•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission's Securities Registration Superintendence issued Circular Letter CVM/SRE 1/2026, guiding lead underwriters on public offerings with tax incentives under Decree 11.964 and Laws 12.431 and 14.801. The circular updates the SRE offer registration system to collect additional data for incentivised debentures, infrastructure debentures, CRI, FIDC, and infrastructure funds, effective 2 March 2026. Accurate tax-benefit information is crucial for supervision by the Ministry of Finance and the Brazilian Federal Revenue Service, with potential consequences for issuers if incorrect.
Policy & regulation Guidance & interpretation Securities offerings and listings
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2026-02-26•Global•Bank for International Settlements
The Basel Committee on Banking Supervision has launched a consultation and published a draft consolidated version of its guidelines on the Bank for International Settlements website. This initiative aims to enhance accessibility by reorganizing existing guidelines into a modular structure, reducing content by about 75% and removing outdated material. The Committee plans periodic reviews to maintain relevance as standards and practices evolve.
Policy & regulation International standards & recommendations Prudential risks Supervision process and methodologies
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2026-02-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of potentially dangerous investment projects, adding "Bits Global" and "DAXIA LIMITED" due to signs of increased risk. The list, now comprising 462 projects, aims to warn investors of potential fraud or legal violations. Common warning signs include missing documentation, lack of transparency, and promises of high returns without acknowledging risks.
Supervision Alerts Fraud and scams
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2026-02-26•China•Central Bank of the Republic of China
The People's Bank of China has designated Bank of China Limited's Colombo Branch as the renminbi clearing bank in Sri Lanka, following a cooperation memorandum with the Central Bank of Sri Lanka.
Supervision Authorisations & approvals Cross-border cooperation
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2026-02-26•Russia•Central Bank of Russia
The Central Bank of Russia said households’ one-year inflation expectations fell to 13.1% in February 2026, with declines among respondents both with and without savings, and companies’ price expectations also decreased.
Data & statistics Economic data and developments
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2026-02-26•Russia•Central Bank of Russia
The Central Bank of Russia issued a draft ordinance to amend remuneration calculations for non-governmental pension funds (NPFs), linking variable performance fees to individual investment portfolio results. Investment income for separate strategies will be calculated individually, with performance fees payable for portfolios achieving positive results. The amendments take effect on 1 January 2027.
Policy & regulation Rules & requirements Other
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2026-02-26•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported a nearly 10% annual increase in the average volume of housing loans in its latest statistical release on credit institutions and leasing companies. The release details changes in assets, loans, leases, deposits, and interest rates, distinct from economic policy communications.
Data & statistics Financial and market indicators Supervisory data
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2026-02-26•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has issued guidance for 2026 on filing annual reports and related documents, specifying different submission channels for unlisted firms and listed issuers. Unlisted firms must use the digital form on virk.dk, while listed issuers file through the Authority’s OAM. Reports approved by the general meeting must be submitted to the Danish Business Authority via virk.dk and published in the CVR register.
Policy & regulation Guidance & interpretation Regulatory reporting
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2026-02-26•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance proposes the Bank of Latvia oversee non-bank consumer lenders to streamline oversight and reduce administrative burdens. The shift to a single risk-based supervisory model addresses inefficiencies noted by MONEYVAL. The ministry cites rapid sector growth and ongoing industry discussions, with legislative amendments pending Cabinet approval.
Policy & regulation Reform agendas & priorities Mandate change
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2026-02-26•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority and the Equestrian Authority have agreed to assess coverage gaps and develop specialized insurance products for equestrian activities. The work will address risks including personal accidents and public liability while improving protection for horse owners and facilities.
Policy & regulation Cooperation Consumer and investor protection Risk management
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2026-02-26•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji kept the Overnight Policy Rate at 0.25 % on 26 Feb 2026, pointing to January headline deflation of -2.5 %, resilient domestic demand, ample liquidity of FJD 1.9 bn and foreign reserves of FJD 3.6 bn (5.3 months cover). It expects inflation to move to 2.5–3.0 % and GDP growth of 3 % by end-2026 but said it stands ready to adjust policy should commodity-price shocks or cyclone risks threaten its inflation or reserve objectives.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-02-26•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued Official Letter 1474/UBCK-GSĐC to state-owned enterprises (SOEs), groups, and corporations, requesting a review of their qualification as public companies. SOEs are instructed to report findings to the state ownership representative agency and ensure subsidiaries comply with the Securities Law No. 54/2019/QH14, Law No. 56/2024, Law No. 68/2025/QH15, and relevant guidance.
Policy & regulation Guidance & interpretation Securities offerings and listings
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2026-02-26•Tonga•National Reserve Bank of Tonga
The National Reserve Bank of Tonga hosted a delegation from the Asia Pacific Group on Money Laundering to enhance strategies against financial crime, aligning with Financial Action Task Force standards. The visit marks progress in implementing Tonga's Money Laundering and Proceeds of Crime Act, strengthening supervisory powers and asset recovery. Tonga will continue collaborating with regional partners to improve legal frameworks and financial crime risk management.
Policy & regulation Cooperation AML and CFT Cross-border cooperation
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2026-02-26•Portugal•Bank of Portugal
The Bank of Portugal's January 2026 statistics reveal a 10.4% year-on-year increase in housing loans, marking the strongest growth since February 2006, and a 9.8% rise in total household lending, the highest since February 2008. Household deposits grew 4.4% year on year to EUR 200.7 billion, despite a monthly decline, while corporate deposits fell EUR 2.3 billion on the month, with annual growth slowing to 7.7%.
Data & statistics Financial and market indicators Supervisory data
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2026-02-26•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has permanently banned Andy Lau Ka Ho, a former Sun Hung Kai representative, for serious misconduct involving unauthorised trading and client deception. Lau's actions over five years included fabricating trading instructions, providing false account statements, and obstructing a cash withdrawal with fraudulent claims. The SFC deemed his conduct blatantly dishonest and incompatible with industry standards.
Enforcement Investigations & enforcement actions
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2026-02-26•Portugal•Bank of Portugal
The Bank of Portugal has exempted Portuguese credit institutions from reciprocating Austria's 1% sectoral systemic risk buffer on construction and real estate exposures, citing non-material exposure levels. This exemption aligns with the de minimis principle under the European Systemic Risk Board Recommendation and remains effective as long as exposures stay below the Austrian materiality threshold. A document detailing the rationale for both measures has been published.
Policy & regulation Rules & requirements Macroprudential policy and tools
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2026-02-26•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority upgraded the Egyptian Movable Collateral Registry to enhance use and reduce burdens, allowing individuals to register movable assets as collateral. The system aims to improve credit processes, reduce costs, and enable data-driven supervision, with registry notices valued at EGP 4.5 trillion. This development involved collaboration with government bodies and the Central Bank of Egypt, leveraging the electronic invoicing system in factoring.
Policy & regulation Implementation, projects & pilots Other
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2026-02-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) discussed supporting housing and real estate markets by managing credit risks and accelerating social housing credit disbursement. Deputy Governor Nguyễn Ngọc Cảnh highlighted adjustments to credit growth and interest rates for low-cost funding, noting higher real estate credit growth in 2025. The SBV aims to enhance real estate credit monitoring and improve market regulations for sustainable capital market financing.
Policy & regulation Implementation, projects & pilots
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2026-02-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam appointed Vu Minh Chau as Director of the Department of International Cooperation and Secretary of the Party Cell for the 2025–2027 term. Deputy Governor Nguyen Ngoc Canh announced the decision, highlighting Chau's performance as Acting Director since October 2025 and setting expectations for enhanced international engagement and strategic advisory capacity.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-02-26•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported a Q4 2025 current account surplus of USD 69.93 billion, with a net asset increase of USD 74.86 billion on the financial account and a USD 1.00 billion decrease in reserve assets. The goods trade surplus rose to USD 63.64 billion, driven by export growth in AI and emerging technologies. For 2025, the balance of payments showed a current account surplus of USD 181.14 billion and a net asset increase of USD 157.16 billion.
Data & statistics Balance of payments and other external statistics
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2026-02-26•Chile•Chile Financial Market Commission
Chile's Financial Market Commission (CMF) warned that ERVShares, Inversiones e Inmobiliaria Mella e Hijos SPA, INVESTIVEO, FRWEBONLINE LTD., CROWNEQUITYPRO, and AZUL INVEST are not registered or authorized to provide regulated services. The CMF cannot supervise or sanction these entities and advised investors to verify firm registration on its website and seek information on potential complaints. The alert also directs investors to CMF tools for checking supervision status and accessing guidance on unregulated activities.
Supervision Alerts Unlicensed or unauthorized activity
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2026-02-26•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's January 2026 report highlights a 1.59% decline in bank lending, while bank profits rose 37.94% to USD 517 million. Savings and credit cooperatives saw a 7.02% increase in loans, with profits up 136.1% to USD 8 million. Both sectors experienced mixed movements in credit risk indices, with banks showing a slight uptick and cooperatives facing higher arrears and impaired portfolio ratios.
Data & statistics Lending Asset quality
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2026-02-26•China•Central Bank of the Republic of China
The People's Bank of China issued macroprudential rules for RMB cross-border interbank financing to standardize business development and manage capital flows. The framework ties a bank's net financing balance to its capital and financial strength, with provisions for counter-cyclical adjustments. The measures aim to support stable liquidity and promote cross-border RMB use.
Policy & regulation Rules & requirements Cross-border payments Macroprudential policy and tools
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2026-02-26•South Korea•Bank of Korea
Bank of Korea’s Monetary Policy Board held the Base Rate at 2.50 % on 26 February, noting inflation is set to stay near the 2 % target while growth strengthens and financial-stability risks persist. The Board signalled a data-dependent stance, highlighting oil prices, exchange-rate swings, property values and household debt as key variables for future decisions.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-02-26•Hungary•National Bank of Hungary
National Bank of Hungary Governor Mihály Varga highlighted strengthened market stability, citing a firmer forint, reduced inflation to 2.1%, and record-high foreign exchange reserves of EUR 56.8bn. The Budapest Stock Exchange saw a 50% increase in average daily trading turnover and historic highs in stock market indices. Additionally, household financial wealth surpassed HUF 118,000bn in Q4 2025.
Monetary policy Monetary policy assessments & outlooks Market development
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2026-02-26•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1114, expanding the entities permitted to record purchase-sale agreements and related contracts for future properties under certain regimes. This includes stock exchanges registered as Clearing and Settlement Agents (ALyC), in addition to entities already authorized under previous resolutions.
Policy & regulation Rules & requirements Licence approval
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2026-02-26•Argentina•Argentina Securities Commission (CNV)
Argentina’s Securities Commission (CNV) has introduced a new reporting regime for markets to submit weekly data on open positions in futures and options contracts, enhancing derivatives risk monitoring. The rules require detailed reports for Clearing and Settlement Agents, excluding direct participants and financial institutions. Historical data from August 2025 to January 2026 must be submitted weekly, with daily data capture starting from 1 February 2026.
Policy & regulation Rules & requirements Market infrastructure Supervision process and methodologies
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2026-02-26•Thailand•Bank of Thailand
The Bank of Thailand appointed Ms. Sauwanee Thairungroj to the Monetary Policy Committee, succeeding Mr. Rapee Sucharitakul after his resignation. Her term begins on 26 February 2026 and concludes on 31 October 2026.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-02-26•Brazil•Central Bank of Brazil
Brazil’s National Monetary Council and Central Bank extended client confidentiality to virtual asset service providers and set accounting criteria for virtual assets. These measures aim to align regulations, enhance governance, and prevent illicit activities. The Central Bank reported a BRL 119.97 billion loss for 2025, mainly from foreign-exchange operations, with PwC confirming compliance with international standards.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-02-26•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Market Participants Division reissued CFTC Staff Letter 25-50, adding a no-action position on delegation arrangements between commodity pool operators (CPOs). This reissuance clarifies that enforcement action will not be recommended against delegating CPOs meeting criteria of Letter 14-126, provided the designated CPO is a Qualified Eligible Person No-Action CPO. The update follows a request from the Managed Funds Association.
Policy & regulation Guidance & interpretation Other
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2026-02-26•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) released its Quarterly Superannuation Performance report for December 2025, indicating total superannuation assets of AUD 4.5 trillion, a 0.8% quarterly increase. APRA-regulated funds comprised AUD 3.2 trillion, with a 9.1% year-on-year rise to AUD 3,181.4 billion. Contributions for entities with over six members grew 11.5% to AUD 220.8 billion, while benefit payments increased 12.5% to AUD 139.9 billion.
Data & statistics Financial and market indicators Supervisory data
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2026-02-26•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a minority press statement featuring Ranking Member Elizabeth Warren's critique of a "Wall Street-first" deregulatory agenda and conflicts involving President Trump's crypto business. Warren highlighted concerns over weakened bank safeguards, reduced enforcement, and questioned the Office of the Comptroller of the Currency's handling of World Liberty's bank charter application. She also raised concerns about Federal Reserve Vice Chair Michelle Bowman's rulemaking potentially reducing capital requirements at major banks by over USD 200 billion.
Policy & regulation Other
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2026-02-26•Australia•Australian Securities & Investments Commission
The Australian Securities and Investments Commission (ASIC) has disqualified Kylie Jane Campbell from managing corporations for five years due to her involvement in the failure of three property development and investment companies. The companies owed $4.55 million to unsecured creditors, and Campbell failed to fulfill her director duties, including maintaining financial records and assisting liquidators. Campbell may seek a review of ASIC's decision by the Administrative Review Tribunal.
Enforcement Sanctions & designations Corporate governance
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2026-02-26•United Kingdom•Payment Systems Regulator
The Payments Vision Delivery Committee, comprising the UK Treasury, Bank of England, UK Financial Conduct Authority, and UK Payment Systems Regulator, released a Payments Forward Plan detailing upcoming retail and wholesale payment initiatives, including digital assets. This plan aims to enhance transparency for firms and aligns with recent publications on open banking and stablecoins. The committee will also emphasize payments in the 2027 Regulatory Initiatives Grid.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-02-25•Global•World Savings and Retail Banking Institute
The World Savings and Retail Banking Institute's statement highlights how tighter financial conditions and evolving prudential frameworks limit mortgage credit access and banks' lending in Europe. Housing affordability pressures stem from a supply-demand gap, higher costs, demographic factors, and central banks' interest rate policies. The statement suggests the European Commission's upcoming competitiveness report as an opportunity to evaluate regulatory impacts and emphasizes EU policies' role in supporting the European Affordable Housing Plan.
Policy & regulation Other Lending Prudential risks
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2026-02-25•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has begun the second tranche of consultation on exposure drafts and guidance for the Deposit Takers Act (DTA) Standards, including Due Diligence Guidance for directors. This aims to modernize and integrate the prudential framework, covering governance, risk management, disclosure, business transfers, holding entities, restricted activities, and reporting standards. The DTA Standards consultation is divided into three tranches, with the final tranche expected in June 2026 and full implementation by December 2028.
Policy & regulation Guidance & interpretation Prudential risks Regulatory burden
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2026-02-25•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama reported growth in Panama’s International Banking Center for 2025, with deposits at USD 116,810 million and net credit at USD 100,000 million. Liquidity and capital ratios exceeded regulatory benchmarks, with a legal liquidity ratio of 54.87% and a capital adequacy index of 16.34%. The authority emphasized its risk-based supervisory approach and compliance with anti-money laundering requirements, featuring an IMF-led session on cybersecurity.
Supervision Risk monitoring & watch points Financial stability and systemic risk Prudential risks Market development
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2026-02-25•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic announced that its ProUsuario mobile app has surpassed 500,000 registered users since its launch in October 2021. The app facilitates consumer complaints and interactions with the supervisor, with 48% of interactions occurring through digital channels. Key features include credit history access, account checks, and a Banking Map, and it is available for free on Google Play and the App Store.
Supervision Supervision approach, priorities & toolkit Consumer and investor protection
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2026-02-25•Europe•European Central Bank
The European Central Bank's Governing Council has endorsed the Council of the European Union's recommendation to appoint Boris Vujcic as ECB Vice-President, confirming his qualifications in monetary policy and banking. Vujcic, currently Governor of Hrvatska narodna banka, will begin his non-renewable eight-year term on 1 June 2026, succeeding Luis de Guindos.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-02-25•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has released the agenda and materials for the "Expert Meeting on the Revision of the Corporate Governance Code," including a draft revised Code. The materials feature both tracked-changes and clean versions for review.
Policy & regulation Rules & requirements Corporate governance
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2026-02-25•Global•International Monetary Fund
The International Monetary Fund, with the Bank of England, Banque de France, Banca d’Italia, and the OECD, announced a call for papers for the 7th annual workshop on International Capital Flows and Financial Policies. The workshop will explore the impact of cyclical factors like inflation-driven monetary policy shifts and structural forces such as financial system fragmentation on capital flows and risks. Topics include exchange rates, trade policies, climate change, non-bank financial intermediation, and digital currencies.
Policy & regulation Implementation, projects & pilots
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2026-02-25•Italy•Bank of Italy
The Bank of Italy will automate requests for data access from the Interbank Register of Bad Cheques and Payment Cards (CAI) via its Online Services platform starting 2 March. Applicants must use an authorised digital identity service, such as SPID or CIE, to access their personal data. Responses will be available in the user's personal area, accessible through a link sent to their email.
Policy & regulation Implementation, projects & pilots Regulatory reporting
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2026-02-25•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) supports the 2026-27 Budget proposals to enhance the MPF system, focusing on improving recovery of default contributions and increasing investment flexibility. Key measures include a two-tier surcharge to expedite employer compliance and broadened investment management options for better risk diversification. MPFA plans to consult stakeholders on legislative proposals and continues to prioritize MPF "Full Portability" and reviews of income levels.
Policy & regulation Rules & requirements Other
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2026-02-25•Japan•Bank of Japan
The Bank of Japan's Research and Statistics Department released updated data on underlying inflation measures to filter out transitory disturbances from headline consumer price movements. The release includes four estimates aligned with Japan's official Consumer Price Index: a diffusion index, trimmed mean, mode, and weighted median. These are published shortly after the official CPI release, with methodological details available in the Bank of Japan Review Series.
Research
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2026-02-25•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority endorsed the 2026-27 Budget's policy initiatives, aligning with the National 15th Five-Year Plan, and supported extending the Government’s Programme to Enhance Talent Training for the Insurance Sector. Chairman Stephen Yiu linked the Budget's direction to promoting captive insurers, catastrophe bonds, AI adoption, marine insurance, re-domiciliation of insurance groups, and amending the Risk-based Capital Regime to boost infrastructure investment. Talent supply was emphasized as crucial for these initiatives.
Policy & regulation Guidance & interpretation Climate risk and sustainable finance
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2026-02-25•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a January 2026 state budget surplus of EUR 2,288 million, surpassing the EUR 543 million target. The primary surplus reached EUR 3,511 million, exceeding the EUR 1,751 million target, largely due to deferred spending. Net revenues were EUR 6,138 million, slightly above target, while expenditures were significantly below target at EUR 3,851 million.
Data & statistics Economic data and developments
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2026-02-25•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has published draft Regulatory Technical Standards (RTS) under EMIR 3, setting new and revised clearing thresholds for over-the-counter derivatives to manage systemic risk. The RTS, submitted to the European Commission for endorsement, propose higher thresholds for commodity, interest rate, and credit derivatives, reflecting market changes. The draft also clarifies calculation timing and adjusts the mechanism for triggering threshold reviews.
Policy & regulation Rules & requirements CCPs
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2026-02-25•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released its 2026 Activity Plan with nine priorities through 32 actions and 60 initiatives focused on investor protection, market development, and internal improvement. Key initiatives include drafting a new Corporate Governance Code, deploying AI tools for supervision and fraud prevention, and enhancing communication on cryptoassets and sustainable investments. The plan also emphasizes retail investor education, market competitiveness, and supervisory process simplification.
Policy & regulation Reform agendas & priorities Supervision process and methodologies Artificial intelligence
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2026-02-25•Italy•Bank of Italy
The Bank of Italy's research evaluates the impact of climate-related physical risks, like floods and landslides, on the one-year probability of default (PD) for Italian non-financial firms. The study introduces a hydrogeological risk indicator and finds 38% of firms are exposed to these risks, with regional and sectoral variations. While insurance coverage mitigates PD impacts, firms in high-risk areas experience greater creditworthiness deterioration.
Research Climate risk and sustainable finance
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2026-02-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has launched a brief questionnaire to gather public perceptions on savings and investment ahead of its "Financial Literacy for Life – European Citizens’ Dialogue" event on 26 March. The survey aims to inform discussions featuring key figures such as Maria Luís Albuquerque and Governor Christodoulos Patsalides, and will be streamed live on the Central Bank's YouTube channel.
Financial literacy & education Financial literacy and education
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2026-02-25•Europe•European Parliament
European Parliament committees endorsed creating a "small mid-cap" category, offering SME-style exemptions to firms with under 1,000 employees and specific financial thresholds. The package includes GDPR exemptions for non-high-risk data processing, updates to the Markets in Financial Instruments Directive, and simplified prospectus disclosures. Inter-institutional negotiations are authorized, with plenary endorsement expected in March.
Policy & regulation Rules & requirements SME financing
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2026-02-25•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the European Bank for Reconstruction and Development (EBRD) held the twelfth Uzbekistan Money Market Working Group meeting to discuss monetary policy transmission and money market development. Topics included macroeconomic conditions, liquidity formation, interbank market activity, and interest rate dynamics. A session with commercial bank treasurers explored liquidity management, currency swaps, and interest rate risk management, referencing global derivatives practices and recent simulation training.
Monetary policy Monetary policy instruments & operations Cross-border cooperation Market development
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2026-02-25•Europe•European Central Bank
The European Central Bank's research shows homeowners insurance as a monetary policy channel, with contractionary shocks raising insurance prices and affecting real estate and mortgage markets. A 1 percentage point surprise in the 10-year U.S. Treasury yield correlates with a 7 to 9.6 percentage point increase in insurance prices, impacting insurers with low capital ratios and interest-rate-sensitive portfolios. The ECB Working Paper highlights stronger effects in disaster-prone areas and on mortgage applications.
Research
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2026-02-25•Europe•European Central Bank
The European Central Bank's Working Paper examines how asset management companies (AMCs) purchasing nonperforming loans (NPLs) can stabilize credit markets by reducing default and lending rates, unlike government purchases of performing loans. AMCs effectively lower defaults and improve welfare, while government interventions may crowd out bank deposits and increase defaults. The paper suggests policies should address default dynamics directly when credit conditions are tight due to elevated NPLs.
Research Asset quality Prudential risks
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2026-02-25•Europe•European Central Bank
The European Central Bank Banking Supervision outlined its 2026-28 priorities, focusing on enhancing banks' resilience to geopolitical risks and macro-financial uncertainty. Key initiatives include a thematic review of credit underwriting to improve data collection and reporting consistency, and a reverse stress test to assess banks' vulnerability to geopolitical events impacting Common Equity Tier 1 capital. The stress test will be integrated into the 2026 internal capital adequacy assessment process, with feedback from Joint Supervisory Teams.
Supervision Reviews, inspections & stress tests Credit risk Macroprudential policy and tools
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2026-02-25•Japan•Bank of Japan
The Bank of Japan released its statement of assets and liabilities, reporting total assets and liabilities of JPY 683.3 trillion. Japanese government securities were the largest asset at JPY 546 trillion, while current deposits and banknotes were the main liabilities at JPY 460 trillion and JPY 117 trillion, respectively. Other significant assets included loans, index-linked ETFs, and foreign currency assets.
Data & statistics Balance of payments and other external statistics
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2026-02-25•Japan•Bank of Japan
The Bank of Japan's preliminary January 2026 Services Producer Price Index (SPPI) shows a 2.6% year-on-year increase, with the index falling 0.5% from December to 111.9. Notable year-on-year changes include increases in Other services (+3.0%), Advertising services (+3.1%), and Leasing and rental (+2.4%), while hotels and civil engineering services slowed. The report also notes a 3.1% year-on-year rise in the fourth-quarter 2025 index for wholesale trade and business enterprise research and development.
Data & statistics Economic data and developments
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2026-02-25•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand is consulting on a proposed cash services standard to ensure banks provide accessible cash withdrawals, deposits, and change, particularly addressing reduced cash access in rural areas. The proposal includes shared cash infrastructure and estimates benefits of NZD 2.83 billion annually, with costs to banks of NZD 104 million. Over 80% of adults use cash, and 72% of small businesses would be negatively impacted by cash shortages.
Policy & regulation Rules & requirements Currency and cash management
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2026-02-25•Palau•Palau Financial Institutions Commission
The Palau Financial Institutions Commission completed training to strengthen risk-based bank supervision and examination practices. The program mapped quarterly off-site monitoring workflows for future standard operating procedures and developed preliminary tools to support supervisory analysis and prioritization.
Institutional development Cooperation & capacity building Risk management Regulatory reporting Operational excellence
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2026-02-25•United States•Federal Reserve Bank of St. Louis
The Federal Reserve Bank of St. Louis has appointed Cathe Dykstra, Dave Leipholtz, and Re’Donna Thompson to its Community Development Advisory Council. The council advises on issues affecting the Eighth District and supports local community development efforts. Members include executives from nonprofits, financial institutions, universities, government, and foundations.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-02-25•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Division of Enforcement issued an advisory after two KalshiEX prediction market cases, emphasizing that trading on material nonpublic information or engaging in fraud violates the Commodity Exchange Act and Regulation 180.1. The advisory underscores the Commission's authority to address illegal trading on designated contract markets, regardless of internal disciplinary actions, and highlights these markets' responsibilities to maintain audit trails, conduct surveillance, and enforce rules against prohibited practices.
Enforcement Investigations & enforcement actions Market abuse
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2026-02-25•Brazil•Central Bank of Brazil
The Central Bank of Brazil published the December 2025 Regional Economic Activity Index (IBCR), including both observed and seasonally adjusted data series.
Data & statistics Economic data and developments
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2026-02-25•Libya•Central Bank of Libya
The Central Bank of Libya has opened subscription for commercial banks to Issue No. 6-2026 of unrestricted Mudaraba Deposit Certificates under the same procedures and controls used in earlier issuances.
Monetary policy Monetary policy instruments & operations Other
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2026-02-25•Guernsey•Ministry of Finance (Guernsey)
Guernsey’s Committee for Economic Development released the Finance Sector Strategy 2035, outlining a plan for sustainable growth in the finance sector. Developed with Oliver Wyman and input from over 100 stakeholders, the strategy includes over 40 workstreams under six strategic initiatives, aiming for 3% annual real Gross Value Added growth. Implementation will be overseen by a Financial Growth Forum, with industry introductions via presentations.
Policy & regulation Reform agendas & priorities Market development
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2026-02-25•United Arab Emirates•Dubai International Financial Centre
Payrails will set up its Middle East headquarters in Dubai International Financial Centre (DIFC), boosting its regional presence and supporting businesses with payments and financial infrastructure. The fintech firm provides a modular financial operating system for payment lifecycle management and already supports major enterprise merchants in the region. DIFC emphasizes governance, transparency, and operational resilience within its ecosystem of financial institutions and technology providers.
Other Fintech and insurtech Market development
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2026-02-25•Belize•Central Bank of Belize
The Central Bank of Belize announced that the High Court upheld the Registrar of Credit Unions' decision to terminate Mr. Rafael Dominguez as General Manager of Saint Francis Xavier Credit Union, deeming it lawful and procedurally fair. The court confirmed the Registrar's authority under the Credit Unions Act and dismissed most claims for termination benefits, while ordering a recalculation of severance entitlement.
Enforcement Investigations & enforcement actions Corporate governance
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2026-02-25•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice following the addition of four individuals to the United Nations Security Council Committee’s Sudan sanctions list. Firms must freeze assets related to these individuals and report findings to the States of Guernsey Policy & Resources Committee. The notice also prohibits making funds available to designated persons unless a permitted derogation or licence is in place.
Enforcement Sanctions & designations Sanctions list update
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2026-02-25•Guernsey•Guernsey Financial Services Commission
Guernsey’s Committee for Economic Development released the Finance Sector Strategy 2035, developed in collaboration with government, industry, Guernsey Finance, and the Guernsey Financial Services Commission. The strategy aims to guide the future development of Guernsey’s finance sector.
Policy & regulation Reform agendas & priorities Market development
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2026-02-25•Georgia•National Bank of Georgia
The National Bank of Georgia summarized Governor Natia Turnava’s meeting with the Movement of the Enterprises of France (MEDEF), highlighting Georgia’s macroeconomic environment and financial stability. Inflation is forecasted to reach the 3 percent target in 2026, with long-term expectations well anchored. The banking sector is sound, with record-high international reserves, and discussions included economic growth and fintech initiatives.
Monetary policy Monetary policy assessments & outlooks Cross-border cooperation
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2026-02-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market amended licensing procedures and regulations on capital market abuse and XBRL-based financial disclosures. It issued investor alerts, updated asset blocking sanctions, and approved registration and licensing actions, including corporate bonds and share issues. The Commission confirmed compliance with Cabinet of Ministers Resolution No. 76 and approved governance and significant participation changes in several financial entities.
Policy & regulation Rules & requirements Licensing framework and process
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2026-02-25•Malta•Malta Financial Services Authority
The Malta Financial Services Authority and the Malta Tax and Customs Administration have signed a memorandum of understanding to enhance supervisory oversight of financial services and taxation in Malta. The agreement focuses on improving information sharing, compliance efforts, and includes joint training, education initiatives, and staff secondment for capacity building.
Supervision Cooperation Cross-border cooperation
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2026-02-25•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has released a roadmap for an Open Finance System, emphasizing secure, standardized data sharing via APIs. The phased approach starts with a diagnostic phase in 2026, followed by regulatory and technical specification development, gradual implementation of open banking, and expansion to open finance by 2029. User consent and data security are central, with SBS coordinating regulatory processes and industry engagement.
Policy & regulation Implementation, projects & pilots Open banking and finance
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2026-02-25•Sweden•Riksbank
Riksbank Governor Erik Thedéen stated that the policy rate will remain at 1.75% as Sweden's cyclical recovery continues and inflation nears the target, with expectations of a decline partly due to reduced VAT on food. He emphasized monetary policy stability, readiness to adjust if necessary, and highlighted the importance of cash infrastructure, supporting legislation for improved bank services for cash deposits.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-02-25•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The proposal outlines regulations for payment stablecoin issuers and certain custody activities under OCC supervision, excluding Bank Secrecy Act and anti-money laundering requirements. The OCC will coordinate with other agencies and the Treasury Department for related rulemaking.
Policy & regulation Rules & requirements
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2026-02-25•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) has outlined its 2026 supervisory priorities in its Strategic Plan 2025–2028, focusing on asset management, issuers, investment intermediation, crowdfunding, and crypto-asset services. Key areas include Digital Operational Resilience Regulation (DORA), corporate governance, AML/CFT compliance, and MiFID II conflict-of-interest requirements. The CMVM also emphasizes developing an integrated risk model for issuers and market-development initiatives, including the phased application of the Listing Act and launching an "Investor App."
Supervision Supervision approach, priorities & toolkit Supervision process and methodologies
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2026-02-25•Global•Bank for International Settlements
The Basel Committee on Banking Supervision discussed vulnerabilities in government bond-backed repo markets and expedited review of banks' cryptoasset exposure standards during its February 2026 meeting. It approved a technical amendment to the operational risk standard and a response to a market risk framework FAQ, both to be published in March. The next International Conference of Banking Supervisors will be hosted by Bank Indonesia and the Indonesian Financial Services Authority in September 2026.
Policy & regulation Implementation, projects & pilots Prudential risks Market risk and volatility
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2026-02-25•France•France Autorite des marches financiers
The French Financial Markets Authority announced an administrative settlement agreement (TRA-2026-01) with Caisse d'Epargne et de Prévoyance Ile-de-France, addressing professional obligations for an investment services provider.
Enforcement Investigations & enforcement actions Sanctions list update
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2026-02-25•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) reported a 2025 gender equality index score of 97 out of 100 under the Avenir professionnel framework. Key scores included 37 out of 40 for the gender pay gap and 20 out of 20 for the pay rise rate gap. As of 31 December 2025, women represented 55% of staff and 51% of managers, with ongoing training and anti-discrimination measures highlighted.
Institutional development Workforce & recruitment Diversity and inclusion
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2026-02-25•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) issued a warning about four websites—deumarket.com, crowd-base.com, velorato.com, and xt-blimited.com—operating without authorization under Article 5 of Law 87(I)/2017. CySEC advises investors to check the authorisation status of investment firms on its website before engaging in business.
Supervision Alerts Unlicensed or unauthorized activity
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2026-02-25•Germany•BaFin
BaFin has issued a general administrative order recognising and reciprocally applying Austria’s 1.0% sectoral systemic risk buffer to relevant risk exposures in Austria to non-financial corporations in the construction and real estate sector, excluding non-profit housing associations. The buffer applies on a solo and consolidated basis to institutions and groups whose defined Austrian exposures in NACE F41, NACE F43 and NACE L68 exceed EUR 100 million, including via branches and direct cross-border lending. BaFin may withdraw the order with future effect and will review it in line with Austria’s periodic review of the buffer.
Policy & regulation Rules & requirements Capital adequacy
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2026-02-25•Latin America•Financial Action Task Force of Latin America (GAFILAT)
GAFILAT's 2026–2030 Strategic Plan aims to strengthen systems against money laundering, terrorist financing, and weapons proliferation. Priorities include consolidating progress, addressing challenges, and enhancing cooperation. The plan emphasizes a risk-based approach, effective AML/CFT systems, and technical support for members, focusing on virtual assets and emerging technologies.
Policy & regulation Reform agendas & priorities AML and CFT
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2026-02-25•Brazil•Central Bank of Brazil
The Central Bank of Brazil released updated Monetary and Credit Statistics, reflecting data through January 2026.
Data & statistics Monetary data
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2026-02-25•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision outlined a forward-looking, risk-based supervisory approach for 2026-28, prioritizing banks' resilience to geopolitical risks and macro-financial uncertainty, and enhancing operational resilience and ICT capabilities. Key initiatives include a 2026 thematic review on credit underwriting for data consistency and a reverse stress test to assess banks' capacity to withstand geopolitical shocks, requiring banks to identify events that could deplete CET1 capital by at least 300 basis points over three years.
Supervision Supervision approach, priorities & toolkit Credit risk
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2026-02-25•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, led by Elizabeth Warren, urged the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to reinstate disparate impact analysis in bank supervision. They argue its removal weakens civil rights protections and hinders detecting lending discrimination. The request follows an executive order aimed at minimizing disparate impact liability.
Supervision Supervision approach, priorities & toolkit Consumer and investor protection
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2026-02-25•Global•Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures, Conservation X Labs and the United Nations Development Programme have announced 12 finalists in the Nature Intelligence for Business Grand Challenge, a global competition for tools that help small and medium-sized enterprises manage nature dependencies and impacts. Selected from more than 380 applications, the finalists’ solutions include open-source data platforms, low-bandwidth mobile tools, automated LEAP workflows, GIS-based landscape intelligence, natural capital accounting and rating systems, and smartphone-based site analysis, aimed at reducing the cost and complexity of generating nature intelligence aligned with TNFD’s LEAP approach.
Policy & regulation Implementation, projects & pilots Nature-related risk Climate risk and sustainable finance
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2026-02-25•Global•International Monetary Fund
The IMF's end-of-mission statement on Syria noted improved sentiment, increased electricity, and regional reintegration. The 2025 budget ended with a surplus, and the 2026 budget plans to boost healthcare, education, and infrastructure spending. A technical assistance program was agreed upon, focusing on fiscal and financial reforms, including public financial management, banking system rehabilitation, and monetary policy framework development.
Policy & regulation Reform agendas & priorities Other
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2026-02-25•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) mandates a 1.0% sectoral systemic risk buffer on specified Austrian exposures over EUR 100 million, aligning with Austrian Financial Market Authority requirements. This applies to NACE sectors F41, F43, and L68, excluding non-profit housing associations, at individual, sub-consolidated, and consolidated levels. BaFin upheld the EUR 100 million threshold, rejecting proposals to increase it, citing proportionality and consistency with the European Systemic Risk Board's framework.
Policy & regulation Rules & requirements Capital adequacy
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2026-02-25•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties totaling CAD 20,000 on Shan Jamal for violations of the Mortgage Brokerages, Lenders and Administrators Act, 2006. Jamal dealt in mortgages for remuneration without acting on behalf of his authorized brokerage and received fees from unauthorized entities. The order was issued after Jamal did not contest FSRA’s proposal.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-02-25•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC released a video and transcript on complying with beneficial ownership requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It outlines the 25% ownership threshold, verification measures, and record-keeping expectations, addresses reporting obligations for high-risk corporations, and steps for when beneficial ownership information cannot be obtained.
Policy & regulation Guidance & interpretation AML and CFT Beneficial ownership