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2026-02-13•Global•International Monetary Fund
The International Monetary Fund's 2026 Article IV consultation for Kosovo highlights slower growth and higher inflation in 2025, recommending a tighter fiscal stance in 2026 to address macroeconomic imbalances. The report emphasizes monitoring rapid credit expansion, upgrading supervision, and enhancing crisis preparedness, while suggesting fiscal policy adjustments to target a deficit of about 1 percent of GDP.
Policy & regulation International standards & recommendations Economic data and developments
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2026-02-13•United States•U.S. Department of the Treasury
The U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN) launched a webpage for confidential whistleblower tips on fraud, money laundering, and sanctions violations, offering financial rewards for tips leading to enforcement actions. FinCEN’s Office of the Whistleblower will handle submissions related to the Bank Secrecy Act and U.S. sanctions, while the Treasury outlines anti-fraud initiatives, including investigations into Money Services Businesses and enhanced reporting to disrupt fraud rings.
Enforcement Whistleblowing
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2026-02-13•United States•U.S. Securities & Exchange Commission
The U.S. SEC’s Division of Corporation Finance, led by Director Jim Moloney, outlined an accelerated rulemaking agenda aligned with Chairman Paul Atkins’ reform priorities, focusing on crypto-asset reforms, semi-annual reporting models, and reducing Regulation S-K disclosure burdens. Key initiatives include developing a crypto-asset taxonomy, preparing HFIAA rulemaking for a March 18, 2026 deadline, and addressing operational recovery post-Fall 2025 government shutdown.
Policy & regulation Rules & requirements Securities offerings and listings
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2026-02-13•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets in the Kyrgyz Republic announced a free educational seminar in Bishkek on February 21, 2026, focusing on digital literacy and cryptocurrency basics, organized by Binance. The session will cover cryptocurrency fundamentals, Binance products, KYC procedures, and responsible asset management.
Financial literacy & education Financial literacy and education
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2026-02-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission issued a prior notice of penalties against Tianfeng Securities and Wuhan Contemporary Technology Industry Group over unlawful financing and disclosure breaches between 2020 and 2022. Proposed sanctions include CNY 59.8 million in fines, lifetime securities market bans for three senior figures, supervisory measures on Tianfeng and maximum disciplinary action by the Shanghai Stock Exchange.
Enforcement Sanctions & designations Corporate governance Disclosures
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2026-02-13•India•India International Financial Services Centres Authority
India's International Financial Services Centres Authority and Norway's Financial Supervisory Authority have formalized regulatory cooperation through a Memorandum of Understanding, effective 13 February 2026, to enhance information sharing and enforcement in financial markets, technology, and regulatory practices.
Policy & regulation Cooperation Cross-border cooperation
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2026-02-13•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) has introduced Unified Registration, or the Master Key, enabling entities to apply for multiple capital market activities in the IFSC with a single application, receiving a common registration certificate. This initiative, operationalized through the Single Window IT System Portal, aims to streamline procedures and reduce processing time for multi-activity registrations.
Policy & regulation Implementation, projects & pilots Licensing framework and process
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has amended its Small Finance Banks credit facilities directions, introducing a framework for lending against securities and a chapter on credit facilities to Capital Market Intermediaries (CMIs). Key changes include updated definitions, collateral eligibility, loan-to-value parameters, and integration of these exposures into the banks' capital market exposure treatment, effective from 1 April 2026.
Policy & regulation Rules & requirements Lending
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has amended its concentration risk management directions for small finance banks, redefining capital market exposures (CME) and setting new caps and calculation methods, including board-level requirements for intraday limits. Effective from the date of implementation or April 1, 2026, whichever is earlier, the amendments cap aggregate CME at 40% of Tier 1 capital and direct investment exposures at 20% of the eligible capital base.
Policy & regulation Rules & requirements Credit risk Prudential risks
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India revised capital adequacy directions for small finance banks, updating the prudential treatment of irrevocable payment commitments to clearing corporations. These commitments remain financial guarantees with a 100 percent credit conversion factor, but capital must be maintained only on exposures recognized as capital market exposure under the 2025 Directions, with a 125 percent risk weight applied, effective from the bank's chosen implementation date or April 1, 2026, whichever is earlier.
Policy & regulation Rules & requirements Other
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has amended its financial statement presentation and disclosure framework for small finance banks, introducing a new "Exposure to Capital Markets" disclosure requirement. This amendment, effective from the earlier of a bank's implementation date or April 1, 2026, mandates detailed reporting on various capital market exposures, including direct investments and credit facilities.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-02-13•United Kingdom•Bank of England
The Bank of England published a staff working paper on euro-area inflation dynamics after Covid. It finds domestic supply shocks lifted trend inflation to about 3% by 2022Q2, while domestic and global demand shocks explain 85% of the surge through the inflation gap. The paper also estimates euro-area trend inflation fell to 1% in 2015 and potential GDP growth slowed markedly after 2006.
Research
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2026-02-13•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance reported a meeting between Deputy Prime Minister and Finance Minister Tomislav Coric and European Commission Commissioner Maria Luís Albuquerque. They focused on European Commission initiatives in financial services, particularly the Savings and Investments Union. Discussions highlighted mobilizing private capital to address structural challenges and the importance of an EU-wide single capital market, with Coric emphasizing the need for adequate time to evaluate proposed measures' impacts on smaller markets.
Policy & regulation Cooperation Cross-border cooperation
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2026-02-13•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission (KNF) has updated its "ordinary data" release for the banking sector, reflecting December 2025 figures.
Data & statistics Other
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2026-02-13•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 7.2bn for December 2025, up from PLN 6.1bn in December 2024. Goods exports increased by 8.5% to PLN 115.6bn, while imports rose 8.9% to PLN 125.3bn, marking the fastest growth in nearly three years. The primary income deficit slightly widened due to higher foreign direct investment income and additional outflows from portfolio and other investments.
Data & statistics Balance of payments and other external statistics
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2026-02-13•Isle of Man•The Treasury (Isle of Man)
The Isle of Man's Treasury announced an amendment to the UK Sanctions List under the Russia sanctions regime, affecting Saodat Narzieva, who remains subject to asset freeze, travel ban, trust services sanctions, and director disqualification. Institutions are reminded to freeze assets on a true match, report frozen assets and suspected breaches, and assess ownership and control during screening.
Enforcement Sanctions & designations Sanctions list update
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2026-02-13•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market convened with non-state pension market representatives to discuss reforms, including EU directive implementation and enhanced governance for non-state pension funds, affecting around 900,000 participants with UAH 6.7 billion in assets. Participants supported EU-standard reforms but stressed safeguarding funds and avoiding excessive regulatory costs.
Policy & regulation Reform agendas & priorities
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2026-02-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) reported a 4.75% nominal decrease in the supervised sector's 2025 collections, totaling BRL 415.09 billion, while payments to policyholders rose by 9.54% to BRL 265.30 billion. Technical provisions reached a record BRL 2.06 trillion, equivalent to 16.15% of Brazil's GDP. Key 2025 regulatory milestones included Complementary Law No. 213/2025, Law No. 15.040, a public consultation on property insurance contracts, and new rules for universal life insurance.
Data & statistics Other
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2026-02-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent activities involving Ant Bank (Hong Kong) Limited, including fake websites and phishing emails. The HKMA reminded the public that banks will not send messages with embedded hyperlinks or request sensitive information, advising those affected to contact their bank and report to the Hong Kong Police Force.
Supervision Alerts Fraud and scams
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2026-02-13•Europe•European Banking Authority
The European Banking Authority issued final Guidelines on proportionate retail diversification under the Capital Requirements Regulation, establishing a harmonised approach for institutions to demonstrate sufficient diversification in eligible retail portfolios to apply a 75% preferential risk weight. The Guidelines include a granularity benchmark, a one-step approach, increased tolerance levels, and provisions for securitised retail exposures, with a temporary derogation for investors lacking obligor-level information.
Policy & regulation Guidance & interpretation Credit risk
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2026-02-13•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam has updated its Alert List to include Rashidah Miller, highlighting individuals not licensed or regulated by the bank. The list aims to caution the public against unlicensed entities, emphasizing the importance of engaging only with BDCB-licensed financial institutions to ensure consumer protection.
Supervision Alerts Other
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2026-02-13•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) has initiated a pilot multilingual, AI-enabled public outreach program to enhance investor awareness of the SEBI Check Tool and validated Unified Payments Interface (UPI) handles, in partnership with Sarvam. This initiative includes informational calls to a sample of investors, focusing on verifying UPI IDs, QR codes, and bank account details of SEBI-registered intermediaries.
Policy & regulation Implementation, projects & pilots Fintech and insurtech
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2026-02-13•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a significant increase in the current account balance surplus for December 2025, rising from EUR 143.2 million in November to EUR 473.0 million, driven by a reduced primary income deficit and a higher services surplus. Detailed data, including customizable datasets, are accessible on the Bank's external statistics webpage.
Data & statistics Balance of payments and other external statistics
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India amended capital adequacy directions for commercial banks, revising risk-weighted asset treatment for irrevocable payment commitments to clearing corporations, classifying them as financial guarantees with a 100% credit conversion factor. Capital is required only on the portion treated as capital market exposure, attracting a 125% risk weight, effective from the earlier of a bank's implementation decision or April 1, 2026.
Policy & regulation Rules & requirements Capital adequacy
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has amended its commercial banks' concentration risk management framework, redefining capital market exposures (CME) to include both direct and indirect exposures with updated prudential ceilings and calculation rules. Effective from a bank's decision date or April 1, 2026, whichever is earlier, the amendments set CME limits at 40% of eligible capital base, with specific sub-limits for investment and acquisition finance exposures.
Policy & regulation Rules & requirements Credit risk Prudential risks
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has amended its Commercial Banks – Credit Facilities Directions, 2025, introducing a revised prudential framework for acquisition finance and loans against eligible securities, effective April 1, 2026. Key changes include eligibility criteria, exposure limits, and collateral requirements, with specific provisions for capital market intermediaries and alignment with capital market exposure and concentration requirements.
Policy & regulation Rules & requirements Lending
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has issued the Third Amendment Directions, 2026, revising disclosure requirements for banks' exposure to capital markets in their financial statements. The amendments, effective from the implementation of the Commercial Banks – Credit Facilities Amendment Directions, 2026, or 1 April 2026, require detailed disclosures across specified categories, including direct investments, lending, and underwriting commitments.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India amended its 2025 Directions on commercial banks, updating guidelines to include acquisition and bridge finance for promoter stakes and lending to individuals against eligible securities, effective upon bank implementation or by 1 April 2026.
Policy & regulation Rules & requirements Lending
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2026-02-13•Malta•Malta Financial Services Authority
The Malta Financial Services Authority, with the IIA Malta Chapter, hosted the MFSA Internal Audit Conference to discuss internal audit's evolving role in a complex regulatory environment. Keynotes included insights on moving beyond compliance-driven models and expectations for high-quality assurance, covering internal audit's role across financial sectors and the impact of European regulatory trends and artificial intelligence.
Other Auditing
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2026-02-13•Estonia•Central Bank of Estonia
The Central Bank of Estonia released a flash estimate indicating rapid increases in exports and imports of goods and services in December, with monthly balance of payments figures subject to adjustment upon the release of quarterly statistics on 11 March 2026.
Data & statistics Balance of payments and other external statistics
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2026-02-13•Russia•Central Bank of Russia
The Central Bank of Russia published annual data showing foreign equity represented 5.84% of the aggregate authorised capital of credit institutions with banking licences and 3.16% of insurance companies as of 1 January 2026. Those shares were down slightly from 5.86% and 3.69% a year earlier. Foreign investments used for the measure totalled RUB 199.551 billion for banks and RUB 8.384 billion for insurers.
Data & statistics Foreign exchange policy and markets
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2026-02-13•Russia•Central Bank of Russia
The Central Bank of Russia reported that banks' anti-fraud systems blocked 134.2 million fraudulent transactions in 2025, preventing RUB 13.9 trillion in potential losses, despite a 6.4% increase in stolen amounts to RUB 29.3 billion. Fraudulent transaction reports rose by 31.2%, attributed to a new in-app fraud reporting feature for large banks. The Bank also blocked 69,100 fraudulent phone numbers and 38,400 websites, noting a high incidence of targeted cyber attacks and ransomware incidents, often via contractors.
Data & statistics Fraud and scams Cyber resilience
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2026-02-13•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has initiated an open e-tender to secure consulting services for overseeing the implementation of its integrated IT system project. This 12-month consulting contract is funded by public investment and will be selected through an online one-stage, two-envelope procedure on the National E-Procurement System.
Institutional development Procurement
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2026-02-13•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) received 843 complaints about Shield's collapse and 1,319 about First Guardian Master Funds, expecting more due to ASIC's estimate of 5,800 Shield and 6,000 First Guardian investors. Complaints mainly target financial advice firms, with AFCA issuing 42 determinations and conducting nearly 500 investigations, while coordinating with ASIC and Super Consumers Australia.
Supervision Other Complaints and dispute resolution
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Household Expectations Survey shows a decline in the consumer sentiment index to 2.8 points from 4.8 in December 2025, though it remains positive for the third consecutive month. Forward-looking indicators suggest increasing optimism, with consumer outlook rising to 9.2 points for February 2026 and further improvements expected over the next six months. Price sentiment turned positive at 4.2 points, with expectations of low prices in the near term, despite a slight negative outlook for the next three months.
Data & statistics Economic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Inflation Expectations Survey Report shows a slight improvement in inflation sentiment, with the perception index easing to 41.4 points from 41.7 in December 2025. The report highlights that 86% of respondents believe Central Bank communication influences inflation expectations, while most expect inflation to remain stable short term. Key inflation drivers include energy, transportation, exchange rate, insecurity, and interest rates.
Data & statistics Economic data and developments
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2026-02-13•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini launched the Global Money Week 2026 high school competition, inviting schools to submit a theatre play or skit on financial decision-making under the theme “Smart Money Talks.” Open to all legally recognised high schools in Eswatini, cash prizes will be awarded to the top three entries. Submissions will be evaluated on theme relevance, creativity, clarity, effort, and originality, with content restrictions on language and political content.
Financial literacy & education Financial literacy and education
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2026-02-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the Exchange Fund’s key analytical accounts for January 2026, reporting a HKD 71.8 billion increase in foreign assets to HKD 3,597.3 billion. The Monetary Base was HKD 2,058.7 billion, with claims on the private sector at HKD 386.1 billion and foreign liabilities at HKD 63.9 billion; the February 2026 data release is scheduled for 27 February.
Data & statistics Monetary data
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2026-02-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has concluded its public consultation on proposed enhancements to the Banking Ordinance, receiving broad support and outlining responses to feedback. The proposals aim to improve regulatory clarity and effectiveness while reducing compliance burdens, with legislative amendments expected to be introduced in 2026.
Policy & regulation Rules & requirements Regulatory burden
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2026-02-13•Global•Financial Markets Standards Board
The Financial Markets Standards Board published a Spotlight Review on AI in trading, highlighting its early-stage adoption in electronic trading systems and implications for risk and governance in global wholesale markets. AI is integrated within existing infrastructure under human supervision, with current controls addressing many risks but needing updates as AI complexity grows. The AI Working Group aims to develop guidance on model risk management and trading controls for AI models.
Research Artificial intelligence
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2026-02-13•Kosovo•Ministry of Finance (Kosovo)
Kosovo's Ministry of Finance, alongside the Central Bank of the Republic of Kosovo and the International Monetary Fund (IMF), announced the completion of Article IV consultations, projecting 3.8% economic growth in 2026. Finance Minister Hekuran Murati highlighted strong budget revenue and spending discipline, while Central Bank Governor Ahmet Ismaili noted the financial sector's health and advancements in supervision and digitalisation.
Research Economic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Household Expectations Survey shows a decline in consumer sentiment to 2.8 index points from 4.8 in December 2025, though optimism about the broader economy persists. The Economic Condition index is at 7.4, the Family Financial Situation index is -8.2, and Family Income Sentiment is 9.1. Price sentiment improved to 4.2 from -1.4, with a decline in the average prices index to 22.6 from 25.9, reflecting perceived moderation despite high price levels.
Data & statistics Economic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Business Expectations Survey reveals widespread optimism among firms, with a Confidence Index of 38.2 points expected to rise to 58.0 points in six months. The industry sector showed the highest macroeconomic confidence, while construction had the strongest expansion prospects. Despite positive sentiment, challenges such as insecurity, high taxes, and insufficient power supply were noted.
Data & statistics Economic data and developments
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2026-02-13•Singapore•Monetary Authority of Singapore
Singapore's Prime Minister and Minister for Finance announced the formation of a Growth Capital Workgroup, supported by the Monetary Authority of Singapore and the Ministry of Trade and Industry, to enhance Singapore's position as a growth capital hub. Chaired by Mr. Chee Hong Tat, the workgroup will explore strategies to deepen growth capital markets and aims to complete its review by end-2027.
Policy & regulation Implementation, projects & pilots Market development
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2026-02-13•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan is transitioning from the AI Challenge hackathon to operational projects, signing cooperation memorandums with startups Global Move and Balcom Soft to support banking sector digitalisation and automation, in line with Presidential Decree No. UP-189. The initial project involves developing a national Uzbek-language Speech-to-Text model to enhance dialect and banking terminology recognition.
Policy & regulation Implementation, projects & pilots Artificial intelligence
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2026-02-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) announced enforcement actions against Tianfeng Securities for illegal financing and undisclosed related-party transactions with Wuhan Contemporary Technology Industry Group Co., Ltd. from 2020 to 2022. Proposed penalties include CNY 25 million in fines for Tianfeng and Contemporary Group, CNY 34.8 million for nine individuals, lifetime market bans for key executives, and disciplinary measures by the Shanghai Stock Exchange.
Enforcement Investigations & enforcement actions Corporate governance
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has updated the framework for non-banking financial companies through the Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026, aligning loan asset classification and provisioning requirements with the 2025 IRACP directions. This amendment, effective immediately, replaces paragraph 25(1) of the 2025 directions.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India amended prudential directions for non-banking financial companies (NBFCs) on income recognition, asset classification, and provisioning, allowing eligible Default Loss Guarantee (DLG) cover to be factored into Expected Credit Loss (ECL) provisioning, subject to Indian Accounting Standards. Effective immediately, the amendments include disclosure and recalculation obligations, requiring NBFCs to adjust ECL provisioning as DLG cover reduces upon invocation.
Policy & regulation Rules & requirements Accounting and financial reporting
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2026-02-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has launched an investigation into Shenzhen Yingjixin Technology Co., Ltd. for suspected misleading statements on the Shanghai Stock Exchange E-interactive platform, involving alleged "self-questioning and self-answering" activities. The case will be addressed legally after a thorough investigation.
Enforcement Investigations & enforcement actions Disclosures Market abuse
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2026-02-13•China•China Banking and Insurance Regulatory Commission
China's State Administration of Financial Regulation, the People's Bank of China, and the China Securities Regulatory Commission held a joint meeting in Beijing to review 2025 efforts on financial consumer and investor protection. They plan to enhance coordination through regular meetings, policy documents, and information sharing, while urging financial institutions to integrate protection requirements comprehensively.
Supervision Cooperation Consumer and investor protection
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2026-02-13•China•China Banking and Insurance Regulatory Commission
China's State Administration of Financial Regulation, with the State Administration for Market Regulation and the People’s Bank of China, interviewed six travel platform companies about their lending business cooperation with financial institutions. The platforms were instructed to standardize marketing practices, ensure transparency in credit product information, and enhance consumer protection through better complaint handling and service quality.
Supervision Interventions Consumer and investor protection
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2026-02-13•China•Central Bank of the Republic of China
The People's Bank of China and Guangxi Zhuang Autonomous Region held a conference in Beijing to advance Guangxi's "financial open gateway" with ASEAN, focusing on enhancing financial cooperation, improving service efficiency with AI, and strengthening regional financial governance. Vice Governor Lu Lei emphasized better policy support and coordination, while Guangxi officials committed to leveraging geographic advantages and ensuring effective policy implementation.
Policy & regulation Reform agendas & priorities Market development
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2026-02-13•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) hosted Payments Forum 2026 at GIFT-IFSC, focusing on evolving payments infrastructure and cross-border transaction efficiency. Key discussions included IFSCA Payment Services Regulations 2024, the Foreign Currency Settlement System (FCSS), and digital onboarding initiatives, with over 1,100 entities registered and USD 19 billion in External Commercial Borrowing flows routed through IFSC channels in 2024–25.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2026-02-13•United States•Federal Reserve Board
Federal Reserve Board staff released a FEDS Notes analysis on AI infrastructure's impact on global trade, noting increased demand for critical inputs since early 2025. U.S. data-center spending exceeded USD 0.5 trillion in 2025. The analysis proposes a narrow trade measurement definition focused on specific Harmonized System categories. AI-related trade surged, with the U.S. and China leading growth, and supplier economies like Taiwan and Mexico benefiting from increased exports.
Research Artificial intelligence
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2026-02-13•United States•Federal Reserve Board
The US Federal Reserve Board released a FEDS Notes article detailing changes in the Federal Reserve's balance sheet from 1914 to 2025, emphasizing the post-2008 expansion and recent adjustments toward an "ample" reserves framework. It highlights key historical shifts, including the decline of gold's role post-Bretton Woods and the transition to federal funds rate targeting in the 1990s. The balance sheet peaked at 22% of GDP during the Great Depression and WWII, exceeded 25% in 2014, and was approximately 22% at the end of 2025.
Research Accounting and financial reporting
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2026-02-13•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) and India's International Financial Services Centres Authority (IFSCA) have signed a letter of intent to enhance cooperation on supervision, focusing on information exchange. The agreement covers sharing insights on financial market developments, regulation, business models, and technology use, effective from 13 February 2026.
Supervision Cooperation Cross-border cooperation
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2026-02-13•Norway•Norwegian Finanstilsynet
Norwegian Finanstilsynet imposed a NOK 600,000 penalty on Revisorkonsult AS for breaches of the Auditor Act, citing deficiencies in quality management and audit work on expected credit losses. The penalty, reduced from NOK 750,000 after the firm's response, follows findings of inadequate audit evidence and documentation. Revisorkonsult AS can appeal the decision, with the penalty to be collected by the Norwegian Tax Administration.
Enforcement Investigations & enforcement actions Auditing
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2026-02-13•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to financial institutions from parts of its 2016 Customer Due Diligence rule, removing the requirement to identify and verify beneficial owners each time a legal entity customer opens a new account. Institutions must now verify beneficial ownership only at the initial account opening, when reliability of information is questioned, or as required by risk-based procedures. All other Bank Secrecy Act obligations, including anti-money laundering measures, remain unchanged.
Policy & regulation Rules & requirements KYC
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2026-02-13•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi has issued a new anti-money laundering and counter-terrorist financing regulation and five circulars to enforce the amended AML/CFT law. This aligns Burundi's framework with Financial Action Task Force and Eastern and Southern Africa Anti Money Laundering Group standards, enhancing governance, due diligence, and transaction monitoring. The circulars address Know Your Customer requirements, transaction thresholds, and suspicious activity criteria, while setting compliance expectations and sanctions for non-compliance.
Policy & regulation Rules & requirements AML and CFT Supervision process and methodologies
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2026-02-13•Global•Financial Action Task Force
The FATF Plenary in Mexico City added Kuwait and Papua New Guinea to its increased monitoring list, adopted mutual evaluation reports for Austria, Italy, and Singapore, and approved work on cyber-enabled fraud and virtual assets. Governance updates include appointing Giles Thomson as FATF President from July 2026 to June 2028, with mutual evaluation and virtual asset reports set for publication in April–May 2026 and next month, respectively.
Policy & regulation Rules & requirements AML and CFT
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2026-02-13•Global•Financial Action Task Force
The Financial Action Task Force (FATF) updated its list of jurisdictions under increased monitoring, adding Kuwait and Papua New Guinea, while Algeria and Namibia are set for on-site assessments after substantial progress. The FATF emphasized a risk-based approach, avoiding de-risking, and highlighted concerns about Venezuela's oversight of the non-profit sector, urging reconsideration of parts of its NPO law.
Policy & regulation International standards & recommendations AML and CFT
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2026-02-13•Guinea•Central Bank of the Republic of Guinea
The Central Bank of the Republic of Guinea is partnering with Mojaloop Foundation and GuiM on an acceleration programme for system integrators in Guinea. The programme offers practical training, collaboration with Mojaloop working groups and mentoring through real-world implementation, with a stated focus on financial inclusion.
Policy & regulation Implementation, projects & pilots Financial inclusion
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2026-02-13•Australia•Reserve Bank of Australia
The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to the Monetary Policy Board, emphasizing his expertise in economics and monetary policy. Governor Michele Bullock also expressed gratitude to Alison Watkins for her service, as her term concludes on 28 February.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-02-13•Brazil•Central Bank of Brazil
The Central Bank of Brazil reported a security incident involving personal data linked to Pix keys at Banco Agibank S.A., with no exposure of sensitive data such as passwords or transaction details. Affected individuals will be notified through their institution's app or internet banking, and a detailed investigation is underway with potential sanctions as per existing regulations.
Enforcement Investigations & enforcement actions Data protection
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2026-02-13•Canada•British Columbia Securities Commission
The British Columbia Securities Commission settled with Varandeep Singh Grewal, imposing a CAD 500,000 payment and 10-year bans from certain investment activities for breaching the Securities Act by disseminating misleading investor relations materials for a purported mineral exploration start-up. The materials falsely claimed operational and technological advancements, while the company was still in the exploration phase.
Enforcement Investigations & enforcement actions
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2026-02-13•Samoa•Central Bank of Samoa
The Central Bank of Samoa issued a request for proposal to conduct a strategic review of the National Financial Inclusion Strategy II and to draft the National Financial Inclusion Strategy III.
Policy & regulation Implementation, projects & pilots Financial inclusion
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2026-02-13•United States•Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council will update the Uniform Bank Performance Report commercial bank peer group definitions on or shortly after 26 February 2026, as part of a review initiated in 2025 by the Task Force on Surveillance Systems.
Policy & regulation Rules & requirements Supervision process and methodologies
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2026-02-12•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico's Ministry of Finance and Public Credit reported MXN 58.6 billion in profits for the development banking sector in 2025, with a Capital Adequacy Ratio of 28.5% and total assets exceeding MXN 3.1 trillion. The sector originated over MXN 870 billion in direct credit to the private sector, with total placements, including guarantees, reaching MXN 1.149 trillion.
Data & statistics Capital adequacy Asset quality
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2026-02-12•Europe•European Central Bank
European Central Bank Executive Board member Philip R. Lane, speaking in Sofia, praised Bulgaria's smooth transition to the euro, noting minimal impact on prices and Bulgaria's new role in Eurosystem decision-making. He emphasized the euro's role in addressing structural and geopolitical risks and highlighted Bulgaria's need for institutional improvements, cautioning about potential inflation and credit dynamics, while endorsing fiscal reforms.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-02-12•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved Team-98 Holding AD’s EUR 23 million bond issue, authorised two new mutual funds, and registered Smart Organic AD’s new share issue, while suspending a tender offer for Momina Krepost AD and declining a crypto-asset licence request due to incomplete submissions. Additionally, amendments to the Rules of Structure and Operation of the Guarantee Fund were adopted, awaiting publication in the State Gazette.
Supervision Authorisations & approvals Securities offerings and listings
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2026-02-12•Czech Republic•Czech National Bank
The Czech National Bank has released its 2026–2028 research priorities framework to enhance transparency and alignment with monetary policy and financial stability, focusing on areas such as monetary policy transmission, model innovation, financial stability, and AI. This framework is linked to a 2024 external review and will be complemented by an updated list of research questions to address short-term analytical needs.
Institutional development Other Artificial intelligence Market infrastructure
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2026-02-12•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released a FAQ document on Regulation (EU) 2022/2554, the Digital Operational Resilience Act (DORA), to guide financial entities on applying the framework and cybersecurity standards. The document addresses 74 questions on DORA’s pillars, emphasizing proportionality based on entity size, risk profile, and service complexity, and includes a CNMV channel for DORA-related inquiries.
Policy & regulation Guidance & interpretation Operational risk and resilience
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2026-02-12•Italy•Bank of Italy
From 13 April 2026, the Bank of Italy's Online Services for the Public Platform will be the sole electronic channel for accessing the Central Credit Register and the Interbank Register of Bad Cheques and Payment Cards, as well as for submitting complaints about banks and financial intermediaries. E-mail and certified e-mail submissions will be discontinued, but paper, fax, and in-person submissions remain available.
Policy & regulation Implementation, projects & pilots Regulatory reporting
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2026-02-12•Japan•Bank of Japan
The Bank of Japan released its "Failure Occurrence Status" for January 2026, detailing 558,195 settlement fails in Japanese government bond delivery-versus-payment transactions, with a total face value of 7,411,437 JPY 100 million units and an average fail duration of 1.27 business days. The report covers 246 institutions participating in the JGB book-entry system and BOJ-NET JGB DVP services.
Data & statistics Financial and market indicators Supervisory data
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2026-02-12•India•Reserve Bank of India
The Reserve Bank of India has released draft Directions to revise the Kisan Credit Card scheme, aiming to expand coverage and streamline operations, with public comments due by 6 March 2026. Key proposals include standardizing crop seasons, extending KCC tenure to six years, and aligning drawing limits with cultivation costs, while expanding eligible components for farm asset maintenance.
Policy & regulation Rules & requirements Other
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2026-02-12•India•Reserve Bank of India
The Reserve Bank of India released draft amendment directions concerning the conduct of regulated entities in loan recovery and the engagement of recovery agents.
Policy & regulation Rules & requirements Recovery and resolution
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2026-02-12•Brazil•Central Bank of Brazil
The Central Bank of Brazil will launch a standalone webpage for the Central Bank Economic Activity Index (IBC-Br) on 19 February, enhancing data access with interactive charts and improved historical series viewing while maintaining monthly releases on the existing platform.
Data & statistics Economic data and developments
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2026-02-12•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority published FAQs to assist firms in implementing its updated Crypto Token regulatory framework effective from 12 January 2026, detailing authorisation requirements, suitability assessments, and monitoring expectations for Crypto Token activities in the Dubai International Financial Centre. The DFSA will update the FAQs periodically and advises firms to consult the latest version alongside relevant Rulebook provisions and guidelines.
Policy & regulation Guidance & interpretation
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's working paper analyzes demand function parameters for consumer products over three decades, revealing stable aggregate median price elasticity and markups, but a recent decline in price elasticity and rise in markups. The study highlights the impact of increased female labor force participation on reduced price sensitivity and demand curvature, with findings intended to stimulate discussion rather than represent official views.
Research Other
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2026-02-12•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority issued a warning about the misleading website www.montenegroberza.com, clarifying it is not affiliated with Montenegroberza a.d. Podgorica and advising against its use for official information. The authority will take legal action to prevent further misuse of designations related to the capital market organizer.
Supervision Alerts Fraud and scams
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2026-02-12•Pakistan•State Bank of Pakistan
The State Bank of Pakistan's Agricultural Credit Advisory Committee reviewed agricultural credit performance, urging banks to expand outreach to underserved areas and small farmers, and to scale up the Zarkheze digital lending platform. Agricultural credit disbursements hit PKR 2,577 billion in FY25, with initiatives like the Risk Coverage Scheme and Electronic Warehouse Receipt Financing discussed to enhance credit access and risk management.
Policy & regulation Implementation, projects & pilots Other
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2026-02-12•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's Q4 2025 Report on Payment Systems and Services highlights a significant increase in payment system activity, with 4 million transactions valued at NIO 753,007 million, marking a 60.1% rise in volume and 23.0% in value year-on-year. The report also notes a rise in cash circulation, payment card usage, and digital wallet adoption, with debit cards being the most utilized payment instrument.
Data & statistics Financial and market indicators Supervisory data
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2026-02-12•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has transferred suspect SAS to the Boyolali District Prosecutor's Office in a capital markets crime case involving alleged manipulation of PT Sriwahana Adityakarta Tbk (SWAT) shares. The case, involving four suspects and significant trading irregularities, is being pursued under Articles 91 and/or 92 in conjunction with Article 104 of Law No. 8 of 1995 on Capital Markets.
Enforcement Investigations & enforcement actions Market abuse
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2026-02-12•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board released a joint report highlighting systemic risks from funding and liquidity vulnerabilities in bank and non-bank financial intermediation (NBFI) linkages in the euro area, with significant concerns over short-term funding and derivatives exposures. The report calls for enhanced data sharing and legislative changes to address data gaps, particularly concerning non-EU NBFI entities and hedge funds.
Research Financial stability and systemic risk
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2026-02-12•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board released a report highlighting significant financial stability risks from bank and non-bank financial intermediation linkages, especially in large euro area global systemically important banks. It identifies systemic risk channels through concentrated short-term funding and bank lending to leveraged non-bank financial intermediaries, while noting data gaps and recommending improved information sharing to enhance risk assessment.
Research Financial stability and systemic risk Market risk and volatility
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2026-02-12•Europe•European Central Bank
The European Central Bank released a Working Paper introducing a Bayesian mixed-frequency vector autoregression model for real-time fiscal monitoring, aimed at nowcasting the annual government deficit-to-GDP ratio. Tested on Italian data from 2010–2023, the model shows accuracy comparable to the European Commission's forecasts and highlights cash revenue and expenditure as key drivers of deficit ratio movements. Scenario analysis indicates that monetary policy tightening leads to a more persistent deficit increase than typical recessions.
Research
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2026-02-12•Europe•European Central Bank
The European Central Bank's Working Paper by Christian Kubitza and Martin Oehmke suggests CCPs can use margin calls to induce early default of fragile members, enabling position transfers to healthier counterparties and reducing cascading failures. It highlights setting higher "canary" margins to screen for hidden fragility and suggests margin procyclicality can stabilize the system by facilitating replacement, emphasizing the need for CCPs to access a large pool of healthy counterparties.
Research CCPs
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2026-02-12•Japan•Bank of Japan
The Bank of Japan’s Institute for Monetary and Economic Studies released a discussion paper by Mitsuru Katagiri examining the impact of employment protection on labor market fluidity, highlighting issues related to human capital and job tenure.
Research Other
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's Institute for Monetary and Economic Studies released a newsletter summarizing the 2025 BOJ-IMES Finance Workshop, which focused on machine learning and artificial intelligence applications in financial analysis.
Research Artificial intelligence
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2026-02-12•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a public consultation on extending the disposal period for treasury stocks under an employee stock option program, aligning with the Ministry of Commerce's amended regulation on share repurchases. Closing on 13 March 2026, the consultation includes conditions for extending the disposal period by up to two years and references changes to disposal periods, repurchase caps, and program breaks for Stock Exchange of Thailand-listed securities.
Policy & regulation Rules & requirements Other
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2026-02-12•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority stated that trading in Celyad Oncology financial instruments on Euronext Brussels will resume on 12 February 2026 at 09:00 CET.
Supervision Authorisations & approvals Trading
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2026-02-12•Belgium•Belgium Financial Services and Markets Authority
Belgium's Financial Services and Markets Authority issued Circular FSMA_2026_03 detailing the required information and transmission methods for an annual questionnaire to evaluate obliged entities' compliance with anti-money laundering and counter-terrorist financing systems.
Policy & regulation Guidance & interpretation AML and CFT
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2026-02-12•Europe•European Central Bank
European Central Bank Executive Board member Piero Cipollone emphasized the need for a digital euro to enhance euro area monetary sovereignty, addressing reliance on non-European payment solutions and US dollar-denominated stablecoins. He outlined plans for a digital euro as legal tender, tokenised central bank money for DLT markets, and expanded cross-border instant payment links, with key developments expected in 2026 and beyond.
Policy & regulation Implementation, projects & pilots Cross-border cooperation
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2026-02-12•Japan•Bank of Japan
The Bank of Japan released updated banking statistics for December 2025, detailing average contract interest rates on loans and discounts, with short-term loans at 1.139% and long-term loans at 2.052% for domestically licensed banks. The data, covering July to December 2025, will be available on the BOJ Time-Series Data Search following the next business day.
Data & statistics Monetary data
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's preliminary January 2026 data shows a 0.2% monthly increase in the Producer Price Index (PPI), with a year-on-year rise of 2.3%. Export and import prices on a contract currency basis rose 2.0% and 1.2% respectively, with notable contributions from nonferrous metals and electric products, while petroleum and coal products offset gains.
Data & statistics Economic data and developments
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2026-02-12•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority finalized a cooperation protocol with the Ministry of Finance and other regulatory bodies to enhance tax information exchange, supporting Decree Law No. 6 of 2024 and its regulations, and aligning with international tax transparency standards.
Policy & regulation Cooperation Cross-border cooperation
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2026-02-12•Australia•Australian Securities & Investments Commission
ASIC updated the Senate Economics Legislation Committee on enforcement progress, highlighting recovery of over AUD 420 million for Shield and First Guardian investors, court actions against related entities, and ASX Group's commitments to enhance governance and financial resilience. ASIC also reported recent custodial sentences for fraud and insider trading, including a landmark case by its specialist insider trading team.
Enforcement Investigations & enforcement actions Market abuse
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2026-02-12•Australia•Australian Securities & Investments Commission
ASIC has imposed additional conditions on Cambridge Mercantile (Australia) Pty Ltd's financial services licence due to compliance failures in its foreign exchange derivatives business, including client misclassification and inadequate risk management. Cambridge must prepare a remediation plan, appoint an independent expert to assess its adequacy, and ensure operational effectiveness to prevent recurrence.
Supervision Interventions Compliance Client asset custody and safekeeping
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2026-02-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Rabigh Refining and Petrochemical Company's request to reduce its capital from SAR 21,973,649,980 to SAR 16,709,999,980, subject to the company's extraordinary general assembly approval and completion of regulatory procedures. The company will provide shareholders with a disclosure document detailing the capital reduction method and its effects before the assembly meeting.
Supervision Authorisations & approvals Licence approval
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2026-02-12•Ireland•Central Bank of Ireland
The Central Bank of Ireland's Deputy Governor Vasileios Madouros stressed the need for increased domestic investment to support structural transitions in Ireland, citing demographic ageing, geoeconomic fragmentation, the net zero transition, and digitalisation. He highlighted investment gaps in public infrastructure, housing, and indigenous business, warning of risks from external shocks and supply-side constraints. Madouros also emphasized creating fiscal space and buffers to avoid reliance on volatile corporate tax receipts and mitigate inflationary pressures.
Policy & regulation Reform agendas & priorities