European Central Bank research finds that interlinking countries’ fast payment systems is associated with about 4% more bilateral trade. Gains are greatest for smaller and underserved economies, high-cost payment corridors, and systems that support wholesale transactions.
The Reserve Bank of Fiji held the Overnight Policy Rate at 0.25%, balancing inflation of 7.6% in August against weakening growth conditions. Inflation is expected to remain above 6% through year-end, while foreign reserves remain adequate and monetary policy may be adjusted to preserve price stability and reserve adequacy.
The Central Bank of Solomon Islands and the Royal Australian Mint have released a new 50 cent coin featuring King Charles III, the second Solomon Islands circulation coin to carry his effigy. The coin retains the Eagle Spirit reverse design and will enter circulation in October 2026.
An Australian Securities and Investments Commission investigation has led to eight charges against Emre Tahsin Basar over alleged unauthorized share sales that generated about AUD 498,500. The funds were allegedly transferred to a company he controls, and the case is listed for committal mention on Dec. 17, 2026.
The Reserve Bank of Fiji held the overnight policy rate at 0.25 percent as it balanced rising inflation against weaker economic conditions. Inflation reached 7.6 percent in August and is expected to remain above 6 percent through year-end, while foreign reserves and banking system liquidity remain adequate.
Japan's Ministry of Finance reported total assets of JPY 120.139 trillion, down JPY 248.1 billion from the previous month. Loans represented 99.08% of assets, while deposits on the liabilities side fell by JPY 2.5789 trillion to JPY 28.8945 trillion.
Bank Indonesia and the Hong Kong Monetary Authority agreed to explore interoperable cross-border QR code payments and coordinate on the related technical, operational and regulatory issues.
The Hong Kong Monetary Authority has published the Coin Cart service schedule for October 26, 2026, to January 3, 2027. Since October 2014, the free programme has completed 1.53 million transactions and collected 1.156 billion coins worth HKD 1.879 billion for recirculation.
The Hong Kong Monetary Authority and Bank Indonesia signed an MoU to explore interoperability between their QR code payment systems and coordinate on the related technical, operational and regulatory issues.
The Hong Kong Deposit Protection Board marked the scheme’s 20th anniversary by reviewing expanded coverage and faster payouts. The protection limit has risen to HKD 800,000, 92.5% of depositors are fully protected and the target payout period has fallen from 42 days to seven days.
The Securities and Exchange Board of India approved new portfolio management and settlement regimes, expanding permissible investments, simplifying compliance and creating faster and wider settlement routes. It also broadened foreign investor access to commodity derivatives, enabled depository receipts on REIT and InvIT units and simplified accredited investor status through manager-led accreditation and new eligibility routes. Additional measures cover advertising, debt listings, bullion vaults, alternative investment funds and research analysts.
The Thailand Office of Insurance Commission hosted 30 Department of Mineral Fuels officials for an exchange on digital regulation and organizational development. Discussions covered innovation testing, integrated insurance services, digital complaint management, streamlined processes and workforce skills.
The Australian Securities & Investments Commission has finalized stronger, technology neutral controls for automated and AI enabled trading, with amended Market Integrity Rules taking effect in 2028 after an 18-month transition. The reforms strengthen algorithm testing, monitoring and governance while harmonizing requirements across securities and futures markets. ASIC is also consulting on consolidated guidance that would reduce relevant material for securities participants by almost 60%.
The Australian Prudential Regulation Authority has reviewed progress in simplifying prudential requirements without lowering safety standards. Eight of nine initiatives from its 2025-26 Corporate Plan are expected to be finalized by the end of 2026, alongside further capital, reporting and policy reforms. APRA aims to offset the burden of new requirements through additional simplification in 2026-27.
The Superintendency of Banks of the Dominican Republic hosted a panel on the effects of climate change and extreme weather on the economy and financial system. It highlighted the use of its Environmental and Social Risk Management System as a standardized tool for addressing climate exposure and integrating sustainability into risk management.
The Bermuda Monetary Authority has implemented agreed upon procedures for general business insurers with segregated or separate accounts. Approved auditors must conduct annual cell-level reconciliation and segregation checks, alongside specified reviews on a rolling five-year cycle, and file a separate factual findings report with the annual Statutory Financial Return.
Ceres highlights California, Pennsylvania, Virginia and Massachusetts as state models for managing data center growth through clean energy, cost allocation, water conservation and community safeguards. The measures include faster permitting for qualifying projects, developer funding for grid infrastructure, limits on polluting backup generation and local approval requirements. Ceres expects further state legislative action in 2027.
Ceres called for investors, companies and policymakers to remove barriers to large-scale climate investment. New York Gov. Kathy Hochul announced a USD 1 billion energy and grid initiative, while New York City Comptroller Mark Levine proposed USD 5 billion in additional private market climate investments by three city pension funds.
The Canadian Investment Regulatory Organization elected Marc Provost as an independent director and re-elected Rhonda Goldberg as an industry director for two-year terms. Provost brings investment and governance experience from Québec’s financial sector, while Goldberg contributes securities regulation and asset and wealth management expertise.
INTERPOL is convening officials from 27 countries to address organized crime threats across the Americas. Discussions will focus on money laundering, cryptocurrency misuse and asset recovery after fraud-related alerts across the Americas and Caribbean rose 40% between 2024 and 2025.
France's Financial Markets Authority found that third party providers caused 87% of the 31 major DORA incidents confirmed for portfolio management companies in 2025, while cyberattacks accounted for 71%. The incidents disrupted critical investment management, trading, data and compliance functions across firms of all sizes. Reporting arrangements also remain incomplete, with 23% of portfolio managers lacking a DORA-compliant major incident reporting system in a November 2025 self-assessment.
The Namibia Financial Institutions Supervisory Authority published an industry comments template.
A departing U.S. Securities and Exchange Commission commissioner urged regulators to shift Know Your Customer compliance from broad personal data collection toward attribute based verification and zero knowledge proofs. The commissioner also advocated wider reliance on third party identity checks and regulatory approaches suited to permissionless networks, while reiterating that the SEC’s Innovation Exemption for tokenized securities is a temporary bridge to permanent rules.
The Moroccan Capital Markets Authority approved an update to Aradei Capital’s commercial paper program, setting a new ceiling of MAD 750 million. The notes will have a nominal value of MAD 100,000, maturities of 10 days to 12 months and interest rates fixed for each issuance based on market conditions.
The Bank of Israel reported that the public’s financial assets increased 4.6% to NIS 7.62 trillion in the second quarter of 2026, led by investments abroad and higher cash and deposit balances. Institutional investor assets rose 6.1% to NIS 3.5 trillion, while mutual fund assets grew 6% to NIS 826 billion.
The U.S. Securities and Exchange Commission charged CMI Capital and founder Michael D. Williams over an alleged scheme that raised about USD 860,000 from at least 18 investors using fabricated performance claims. Williams allegedly misappropriated about USD 384,000, while trading generated losses of at least USD 428,000. The defendants agreed to proposed injunctions and other relief, subject to court approval, with financial penalties to be determined.
The U.S. Securities and Exchange Commission reported that first-half 2026 IPO proceeds rose nearly 400% year over year to more than USD 137 billion, while the number of IPOs increased 16% to 208. Follow-on registered offerings raised more than USD 111 billion, a 33% increase, across 557 transactions.
The US Office of the Comptroller of the Currency reported that 97.7% of covered mortgages were current and performing at the end of the second quarter of 2026, while serious delinquencies declined year over year. Foreclosure initiations increased, and completed loan modifications rose 16.5% from the previous quarter to 7,349.
Federally insured credit union assets increased by a median 2.9% over the year ending in the second quarter of 2026, while the median loan to shares and deposits ratio was 69%. Although aggregate membership grew, median membership fell 0.6%, and 87% of credit unions reported positive year to date net income.
The Financial Action Task Force placed Türkiye in enhanced follow-up after finding strong financial intelligence and international cooperation but material gaps in supervision, beneficial ownership, complex investigations and overseas asset recovery. Türkiye is compliant or largely compliant with 38 of 40 FATF Recommendations, but eight of 11 effectiveness outcomes are rated moderate. A three-year roadmap targets high-risk money laundering cases, terrorist financing controls, targeted sanctions and cross-border asset recovery.
De Nederlandsche Bank describes ransomware as a professional global industry that is using artificial intelligence to scale attacks and increasingly shifting from file encryption to data theft. DNB estimates global losses at tens of billions each year and emphasizes backups, updates, unique passwords, two-step verification and staff vigilance as core defenses.
The National Bank of Ukraine’s annual research conference emphasized that central bank flexibility during shocks must remain anchored in price stability, institutional independence and credibility built before crises. Participants also highlighted responsible technological development and Ukraine’s wartime policy adaptation, growing alignment with EU financial regulation and high use of cashless card payments.
The Czech National Bank used AI to synthesize 463 financial stability reports from 28 European countries covering 2015 to 2025. The analysis maps changing financial risks and compares national use of capital buffers and borrower based measures.
All 11 Democrats on the U.S. Senate Banking Committee called for a bipartisan public hearing on prediction markets rather than a private, Republican-only industry roundtable. They raised concerns about investor exposure, possible Securities and Exchange Commission jurisdiction, market manipulation, insider trading and concentrated profits.
Bank of Italy Deputy Governor Gian Luca Trequattrini called for European investment, regulation and industrial capacity to reduce critical technology dependencies. He presented the digital euro as public infrastructure that could limit reliance on non-European payment providers, while warning that funding, skills and foreign dominance of cloud and advanced processors remain major constraints.
The Bank of Albania published its first-half 2026 Financial Stability Report, assessing banking sector risks arising from economic and financial market interactions and banks’ operating activities.
The Central Bank of Russia has expanded the assets available to retail unit investment funds and allowed funds to invest qualified investors’ assets in cash-settled cryptocurrency derivatives. Retail funds may hold a broader range of unlisted Russian securities and eligible investment units, subject to a portfolio cap. A 10% concentration limit will apply at affiliated-group level in one year, with a two-year transition for existing funds.
Federal Reserve Board Governor Michael S. Barr said further monetary policy adjustments are likely to be needed after he supported last week’s rate increase. He attributed housing unaffordability largely to a supply shortfall of 2 million to 5.5 million units, compounded by construction constraints and high financing costs. Barr urged coordinated action to expand supply and support low- and moderate-income households.
The National Securities and Stock Market Commission of Ukraine discussed cooperation with TheCityUK on AI, tokenized assets, corporate governance and institutional development. Priorities include secure use of AI agents for routine regulatory work, defining the status of tokenized assets and preparing a new Corporate Governance Code with the OECD.
Ukraine’s National Securities and Stock Market Commission will meet at 10:30 a.m. on Sept. 24, 2026, with the agenda available online.
European Central Bank Executive Board member Piero Cipollone outlined a payments strategy combining a digital euro, central bank settlement for tokenised assets and stronger cross-border instant payment links. A 12-month digital euro pilot is due to start in the second half of 2027, with potential issuance readiness targeted for 2029 subject to EU legislation. Pontes launched on Sept. 21, while Appia is preparing a longer-term tokenised finance blueprint for 2028.
The Czech National Bank ranked second among Prague organizations with up to 5,000 employees in the Pluxee Employer of the Year 2026 competition. The assessment considered factors including investment in employee development and workplace stability.
The Isle of Man Financial Services Authority has published presentations from its 2026 Countering Financial Crime Conference. The sessions cover financial crime risks, MONEYVAL evaluations, whistleblowing, country risk assessment, online investment fraud and illicit finance in offshore territories.
A Bank for International Settlements working paper finds that financial factors now drive global imbalances, which reached 41% of global GDP in 2025 across the economies studied. Common proposals such as dollar depreciation or lower trade imbalances would have limited effects, while an equity market correction could reduce imbalances sharply but cause substantial international losses. The paper calls for greater resilience to financial shocks transmitted through cross-border exposures.
The European Central Bank finds that the proposed EU Inc. regime could reduce company law fragmentation and help European firms scale across borders. The optional framework would simplify incorporation, financing, governance and some exit procedures. Its impact will depend on adoption, consistent implementation and further integration of capital markets and other national regulatory frameworks.
The Central Bank of Russia reported RUB 490 billion in microloans issued in the second quarter of 2026, despite a continued decline in consumer lending. Firms shifted toward longer-term loans and credit limit products, while short-term lending fell amid income verification requirements and an upcoming cap on simultaneously outstanding expensive microloans.
The Insurance Regulatory and Development Authority of India is consulting on a simplified distribution architecture, lower insurer expense limits and commissions tailored by product, channel and servicing needs. Life insurer expense limits would fall to 12.5% of Gross Direct Premium Income within five years, while the general insurer limit would decline to 20%. The proposals also strengthen commission disclosure, mis-selling controls and digital distribution infrastructure.
Indonesia’s Financial Services Authority has broadened the framework for issuing and reporting asset-backed participation securities used in secondary housing finance. The rules expand eligible assets and structuring options while strengthening governance, disclosure, reporting and investor protections, and took effect on Sept. 17, 2026.
The Central Bank of Kuwait convened Kuwaiti banks to assess the domestic impact of changing global and regional economic and geopolitical conditions. Discussions covered diversification, private-sector financing, capital markets, housing finance, technology, cybersecurity and sustainable finance.
The Qatar Financial Centre signed two memoranda of understanding during a delegation visit to Beijing and Hong Kong to deepen financial cooperation and business links with China. The partnerships cover knowledge and talent exchanges, joint initiatives, business networking and the exchange of market opportunities.
The Federal Reserve Bank of Richmond’s third quarter CFO Survey found broad optimism but increasing strain among small and financially constrained firms. One-fifth of small firms reported constraints that prevented them from covering costs or pursuing new opportunities, while fewer companies planned near-term capital investment. Demand and hiring expectations remained broadly stable.
Central Bank of Bahrain Governor Khalid Humaidan met Tanami executives after the company won a regional fintech award among more than 350 participants. Discussions covered Tanami’s growth plans and its progression from the regulatory sandbox and licensing in Bahrain to regional expansion.
The Malta Financial Services Authority and FinanceMalta have launched Malta Finance Week 2027, scheduled for Oct. 13-15, 2027. The event will convene public and private sector stakeholders around financial innovation, sustainable finance, capital markets, regulatory resilience and international competitiveness.
The Central Bank of the UAE has prohibited all UAE branches of Bank Melli Iran from conducting financial transactions to and from Iran, including trade finance and fund transfers. The action follows findings of noncompliance, including breaches of requirements addressing money laundering, terrorist financing and proliferation financing.
The Reserve Bank of India set export rules for an INR 48.5 billion Export-Import Bank of India credit line financing development projects in Maldives. At least 75% of applicable contract value must be supplied from India, and individual credit agreements must be worth at least INR 5 billion. The facility became effective on Aug. 27, 2026.
The India International Financial Services Centres Authority has allowed registered distributors to offer products and services from regulated entities in the United Arab Emirates, Singapore, Australia and the European Union to investors other than sophisticated investors. The amendment broadens permitted cross-border distribution under the authority’s 2025 capital market intermediaries framework.
The Monetary Board of the Bank of Guatemala unanimously held the monetary policy rate at 3.50%, citing contained upside risks and inflation forecasts within target for 2026 and 2027. Headline inflation rose to 3.37% in August, within the 4.0% plus or minus 1 percentage point target, while 2026 gross domestic product growth is projected at 3.3%-5.3%.
Insurance and pension sector firms must obtain prior authorization from the Gaming Supervision Institute for promotional raffles, contests and other random prize mechanisms. The requirement covers insurers, reinsurers, pension fund managers, insurance intermediaries and brokers.
The Central Bank of Chile has launched annual gross fixed capital formation series for all 16 regions, covering 2013-2025 and split between construction and other works and machinery and equipment. Preliminary data show national investment rose 7% in 2025, with growth in 13 regions, led by a 16.3% increase in machinery and equipment.
The Palau Financial Institutions Commission presented an update on systemic risks, supervisory actions and implementation of risk-based supervision at a meeting of Pacific financial regulators. The accompanying workshop examined financial technology oversight, customer fund segregation, cyber governance and operational resilience requirements.
The Central Bank of Chile reported that the economy contracted 0.2% in the second quarter of 2026 as weaker copper mining drove declines in seven of 16 regions. Household consumption rose 1.2%, supported by services, while goods exports fell 1.9% mainly because of lower copper shipments.
Bank Indonesia held the BI-Rate at 5.75% and kept its facility rates unchanged to support the rupiah and contain inflation. It increased premium reductions for swap and Domestic Non-Deliverable Forward hedging backed by eligible foreign funding. A strengthened inclusive financing ratio policy will take effect on Oct. 1, 2026.
Malaysia's Ministry of Finance raised unsubsidized RON97 and RON95 prices by MYR 0.20 per liter and diesel by MYR 0.15 for Sept. 24-30. Eligible BUDI MADANI recipients will continue to pay MYR 1.99 per liter for RON95 and MYR 2.10 for diesel.
Hong Kong Securities and Futures Commission Chairman Dr Kelvin Wong outlined a capital markets plan focused on renminbi and fixed income markets, Mainland connectivity, and market efficiency and infrastructure. The SFC will support more renminbi products and risk management tools, enhance Connect schemes and prepare for REIT Connect. Reforms will seek to reduce unnecessary barriers while maintaining investor protection, disclosure quality and market resilience.
Hong Kong Securities and Futures Commission Chief Executive Officer Julia Leung detailed plans to expand renminbi markets, Connect schemes and market efficiency under the regulator’s Strategic Action Plan. Targets include renminbi counter trading in southbound Stock Connect by July 1, 2027, REIT Connect in the first half of 2027 and a consultation on streamlined prospectus disclosures. The SFC is also studying T+1 settlement and collateral reforms while maintaining scrutiny of IPO quality and market misconduct.
NLB Banka a.d. Banja Luka has joined Bosnia and Herzegovina’s Instant Payment System, which processes payments within seconds and operates continuously throughout the year.
The Central Bank of the Republic of Azerbaijan held an expert session on local currency financing, bond market development and market making. Representatives of banks and capital markets institutions discussed international practices with experts from the European Bank for Reconstruction and Development and the Industrial and Commercial Bank of China.
The National Bank of the Kyrgyz Republic participated in the first meeting of an interagency commission on information security and cybersecurity. The initiative covers threat assessment, rapid information sharing and stronger coordination to protect financial infrastructure and information systems.
The South African Reserve Bank’s Monetary Policy Committee unanimously raised the policy rate by 25 basis points to 7.25%, effective 25 September, citing fuel-price shocks, higher global interest rates and upside inflation risks. Inflation is expected to exceed 5% later in 2026 and early 2027 before returning toward the 3% target by end-2027, while 2026 growth is projected at 1.2% with downside risks.
The National Bank of the Kyrgyz Republic fined a Bishkek legal entity KGS 13,000 for unjustifiably refusing to accept national currency as payment.
The National Bank of the Kyrgyz Republic fined a Bishkek legal entity KGS 13,000 for unjustifiably refusing to accept national currency as payment.
The National Bank of the Kyrgyz Republic hosted central bank representatives from five countries to exchange practical experience and strengthen cooperation on employee training and professional development.
The National Bank of the Republic of Tajikistan completed a TJS 3.8168 billion securities auction at a weighted average yield of 6.60%, with bid yields ranging from 6.00% to 7.00%.
The National Bank of Moldova found adequate financial resilience and no excessive systemic risk at the end of the second quarter of 2026. Financial stress and banking vulnerability measures remained below their thresholds, while direct contagion risk was low. Credit risk remained the main banking exposure, but prudent household lending metrics and strong liquid asset buffers supported banks’ shock absorption capacity.
The Egyptian Financial Regulatory Authority concluded its 2026 university summer training program, selecting 228 practical trainees from 7,480 applicants. The program combined financial education with experience across the authority’s departments and forms part of plans to expand youth awareness of regulated nonbank financial activities.
The Central Bank of Algeria’s Monetary and Banking Council authorized Djezzy Payment Services to establish itself as a payment service provider. The Optimum Telecom Algeria subsidiary must apply for operating approval within 12 months of notification.
The Bank of Spain reported that Spain’s net debtor position remained historically low at 40.7% of GDP in the second quarter of 2026. Gross external debt rose to 168.4% of GDP, while four-quarter net lending capacity fell to 3.8% as the goods deficit widened despite strong services surpluses. An extraordinary revision of the balance of payments is planned for 2027.
The European Securities and Markets Authority will begin a digital innovation supervisory priority in 2027, initially focusing on supervised entities’ use of AI and tokenisation. Authorities will map client facing uses, build common supervisory approaches and conduct initial checks on selected firms. The initiative will operate alongside the continuing cyber and operational resilience priority as the ESG disclosures priority closes.
Bank of Spain Deputy Governor Soledad Núñez called on banks to integrate geopolitical risk into strategy, stress testing and risk appetite frameworks, despite strong profitability, capital and liquidity. She highlighted rising housing risks, the need for greater transparency in private credit and the importance of financing energy and technological investment without relaxing credit standards.
The Bank of Italy has published a study finding that cross-border financial architecture is shifting from an integrated, Western-centric network toward a more fragmented and multipolar structure. Tighter regulation, declining correspondent banking and geopolitical tensions are driving alternative payment, messaging and regional infrastructure networks. Technology may improve integration, but political alignment is likely to determine how these networks connect.
The Dutch Authority for the Financial Markets found that many consumers have limited knowledge of their pensions and insurance and rarely revisit financial choices. One in seven used AI for financial matters in the past year, while embedded insurance and low reporting of suspected investment fraud highlight emerging consumer protection risks.
The Austrian Financial Market Authority reported that pension fund assets rose 5.9% to EUR 31.9 billion and employee provision fund assets increased 5.7% to EUR 25.2 billion in the second quarter. A proposal before the National Council would expand pension fund access from 2028 and create a more dynamic investment option without the existing capital guarantee or early termination payouts.
The Central Bank of Iceland kept the countercyclical capital buffer at 2.5%, finding that strong banks and low private-sector indebtedness support financial stability. A cooling economy and housing market could increase pressure on construction companies, while AI-enabled cyberattacks require stronger defenses and coordinated incident preparedness. Offline payment card functionality has now been implemented to strengthen payment resilience.
The Central Bank of Iceland kept the countercyclical capital buffer at 2.5%, with banks remaining highly resilient and profitable. Rising construction exposures and nonperforming loans are increasing systemic risk, though distress is not widespread. Geopolitical uncertainty and AI-enabled cyber threats also require stronger financial infrastructure and fallback arrangements.
Financial Conduct Authority Chief Executive Nikhil Rathi called for wholesale tokenisation to move from pilots to adoption at scale. An upcoming joint roadmap with the Bank of England will set out the transition to established market infrastructure, while the FCA intends to consult on safeguards for relevant tokenised investment assets. Industry feedback highlighted opportunities in post-trade processes and obstacles involving settlement, interoperability and regulatory accountability.
The Tanzania Insurance Regulatory Authority participated in a World Maritime Day 2026 workshop in Tanga. It promoted the role of insurance in protecting property, businesses and other activities against maritime transport risks.
Tanzania Insurance Regulatory Authority Commissioner of Insurance Dr. Baghayo Saqware is expected to attend the 2026 insurance brokers AGM in Zanzibar to discuss sector issues and growth strategies.
The Central Bank of Estonia Supervisory Board appointed Kristina Kips as an internal auditor and reviewed updates on internal operations, the euro area economy and the latest economic forecast.
The Danish Financial Supervisory Authority found that insurers and pension companies are advancing their DORA implementation but still have weaknesses in governance, risk management documentation, skills, operational testing and incident learning. Companies with deficiencies must submit remediation plans, while targeted inspections and inadequate progress may result in supervisory action.
The Ministry of Finance reported that Capital Market Commission Chair Elmer Serrão called for more private issuers to drive capital market growth beyond Angola’s privatization program. Companies will need viable projects, organized accounts and credible governance to attract investors and use the market as an alternative to bank financing.
The OECD projects global growth of 2.9% in 2026 and 3.0% in 2027, with energy disruptions lifting inflation while AI-related activity supports demand. It expects G20 inflation to ease from 4.1% in 2026 to 3.6% in 2027. Central banks should keep expectations anchored, while governments should target energy support and address fiscal and financial stability risks.
Oman's Ministry of Finance and partner authorities held a London roadshow on the country’s green finance readiness and sustainable finance framework. The delegation presented Oman’s economic position, net zero strategy and opportunities to finance green and sustainable projects, seeking to broaden the investor base and attract foreign investment.
Uganda Finance Minister Henry Musasizi urged banks to reduce lending rates from their current 18% to 20% range and direct more long-term credit to priority productive sectors. He invited banks to sign an ATMS Financing Compact containing measurable commitments on credit growth, pricing, sector lending and financial inclusion. Private sector credit is expected to rise from UGX 28 trillion to UGX 490 trillion by 2040 to support Uganda’s tenfold growth agenda.
The Bank of Uganda has approved seven commercial banks as Primary Dealer Market Makers from Oct. 1, 2026, to Sept. 30, 2029, following a competitive selection process.
The European Parliament’s Committee on Economic and Monetary Affairs will discuss the ECB’s monetary policy with President Christine Lagarde on Sept. 28. The dialogue follows the ECB’s second 25 basis point rate increase of 2026 and will examine how artificial intelligence could affect inflation and monetary policy transmission.
The Bank of Guatemala Monetary Board unanimously held its policy rate at 3.50% as it assessed inflation risks as contained. Inflation rose to 3.37% in August, driven mainly by fuel prices, while forecasts remain within target for 2026 and 2027.
The Bank of Guatemala’s Monetary Board unanimously maintained the policy interest rate at 3.50%. Annual inflation was 1.65% in August, below the central bank’s target range, while GDP growth is projected at 3.3% in 2026.
The OECD has issued nonbinding guidance calling for consistent transparency standards across retail cross-border payment and remittance providers, instruments and channels. Providers should disclose total costs, foreign exchange charges, delivery times, tracking information and service terms before execution. A review of 41 jurisdictions found widespread cost disclosure rules but substantial gaps in payment tracking and consistent market coverage.
The Basel Committee on Banking Supervision found that capital and leverage ratios for large internationally active banks remained broadly stable at the end of 2025. Full implementation of final Basel III would raise their Tier 1 minimum required capital by an average of 2.2%, with an aggregate capital shortfall of EUR 1.4 billion. All sampled banks exceeded the 100% Liquidity Coverage Ratio and Net Stable Funding Ratio minimums.
The Financial Action Task Force found that Türkiye has strengthened financial intelligence and international cooperation but still has material effectiveness gaps in supervision, beneficial ownership, complex money laundering cases and asset recovery. Türkiye is compliant or largely compliant with 38 of 40 FATF Recommendations, yet eight of 11 effectiveness outcomes are rated moderate. It has entered enhanced follow-up with a three-year improvement roadmap.