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2026-01-21•Lebanon•Central Bank of Lebanon
The Central Bank of Lebanon mandates banks to use a standardized Cash Transaction Slip (CTS) for daily cash deposits of at least USD 10,000, aligning with customer KYC information. The CTS requires detailed transaction and identification data, including the source of funds and a declaration of legality. Effective immediately, this measure acts as a second "ring fence" alongside existing KYC requirements for non-banking financial institutions.
Policy & regulation Rules & requirements AML and CFT Payments and payment systems
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2026-01-21•Global•International Monetary Fund
The International Monetary Fund's January 2026 World Economic Outlook Update projects global growth at 3.3% for 2026, with inflation easing but still above central bank targets. Key risks include potential AI-related financial market corrections and rising public debt, while central banks are urged to maintain agility in policy adjustments.
Research Economic data and developments
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2026-01-21•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Century Properties Group, Inc.'s registration for a PHP 12 billion fixed-rate bond program, with an initial offering of up to PHP 3 billion and a PHP 2 billion oversubscription option. The bonds, due in 2030 and 2033, will fund residential projects, with the offer period set for January 26-30 and listing on February 6.
Supervision Authorisations & approvals Securities offerings and listings
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2026-01-21•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC announced the Department of Justice will file criminal charges against Modesto Cardano Market Cap Tr3ding Services OPC for illegal investment solicitation, citing violations of the Securities Regulation Code and the Cybercrime Prevention Act. The charges follow an SEC investigation revealing unauthorized investment offerings via social media, with guaranteed returns, despite lacking registration or authority to sell securities.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-01-21•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC amended Rule 68, raising the audit threshold to PHP 3 million for corporations, allowing micro enterprises to file certified financial statements instead of audited ones. Effective for fiscal years ending on or after December 31, 2025, it excludes Groups A, B, C, and public interest entities, with penalties for inaccuracies and SEC authority to require audits for investor protection.
Policy & regulation Rules & requirements Auditing Regulatory burden
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2026-01-21•Guernsey•Ministry of Finance (Guernsey)
Guernsey's Ministry of Finance outlined a strategy to boost the financial sector's growth over the next decade, following an Oliver Wyman review commissioned by government and industry stakeholders. The strategy addresses competition and slowing momentum, focusing on regulatory competitiveness, market share expansion, innovation investment, and redefining Guernsey's global value proposition, with a detailed public summary expected in March.
Policy & regulation Reform agendas & priorities Market development
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2026-01-21•China•China Banking and Insurance Regulatory Commission
China's State Administration of Financial Supervision and Administration has updated rules for processing administrative licensing for financial institutions to standardize procedures and optimize workflows, aligning with financial regulatory reforms. The revised framework includes seven chapters and 50 articles, addressing application processes, decision-making, and legal liabilities, with adjustments made following public consultation feedback.
Policy & regulation Rules & requirements Licensing framework and process
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2026-01-21•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina announced a public call for selecting members of the Second-instance Commission, which handles appeals against the Agency's first-instance decisions.
Institutional development Leadership change & appointments Complaints and dispute resolution
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2026-01-21•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina delivered a lecture at the University of Mostar, emphasizing the well-capitalized and liquid state of the banking sector and outlining its supervisory role in risk monitoring and user protection to ensure deposit safety and confidence.
Financial literacy & education Financial stability and systemic risk Monetary policy decisions and developments
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2026-01-21•Czech Republic•Czech National Bank
The Czech National Bank is commemorating 100 years since the National Bank of Czechoslovakia's founding with a new exhibition and a commemorative CZK 100 banknote featuring Vilém Pospíšil, available from 21 January 2026. Further anniversary activities are planned for spring 2026, with details on a dedicated centenary website.
Other
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2026-01-21•United States•U.S. Department of the Treasury
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) designated six Gaza-based organizations, the Popular Conference for Palestinians Abroad (PCPA), and Zaher Khaled Hassan Birawi for allegedly supporting Hamas under Executive Order 13224. This action blocks their property within U.S. jurisdiction and warns of enforcement risks for U.S. persons and foreign financial institutions involved in transactions with these entities, while humanitarian activities remain covered by OFAC’s general licenses.
Enforcement Sanctions & designations New sanctions designations
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2026-01-21•Qatar•Qatar Central Bank
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Joshua Fink, Founder of Luma Group, at the World Economic Forum Annual Meeting 2026 in Davos to discuss global financial and investment developments.
Other
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2026-01-21•Qatar•Qatar Central Bank
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Franklin Templeton CEO Jenny Johnson at the World Economic Forum 2026 in Davos to discuss global financial and investment developments.
Other
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2026-01-21•Serbia•Republic of Serbia Securities Commission
The Republic of Serbia Securities Commission highlighted its focus on investor education and legal frameworks at the conference “The Role of Lawyers in the Development of Financial Markets,” emphasizing financial literacy, long-term investing, and the legal profession's role in market development and investor protection.
Financial literacy & education Financial literacy and education
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2026-01-21•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario published its biennial Stakeholder Engagement Survey results, highlighting high recognition of its role and positive perceptions of its effectiveness, while identifying areas for improvement such as reducing regulatory burden and enhancing stakeholder engagement. The survey, with over 2,700 responses, will guide FSRA's future improvement efforts, with progress to be reassessed in two years.
Institutional development Cooperation & capacity building Mandate change
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2026-01-21•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission has mandated a 2026 Continuing Education Course for all mortgage brokers and associates licensed under the Mortgage Brokers Act, available online from 21 January 2026. Licensees must complete the course by specified deadlines to avoid automatic licence suspension.
Policy & regulation Rules & requirements Licence approval
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2026-01-21•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) released updated guidance in CSA Staff Notice 96-307, addressing new market participant inquiries and clarifying derivatives trade reporting requirements.
Policy & regulation Guidance & interpretation Regulatory reporting
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2026-01-21•Ethiopia•Ministry of Finance (Ethiopia)
Ethiopia's Ministry of Finance and the National Bank announced the successful completion of the Fourth Review of the economic reform programme, leading to the IMF's approval of an additional USD 261 million disbursement. The review highlighted stronger-than-expected performance, with achievements in growth, inflation reduction, fiscal discipline, foreign exchange market reforms, revenue mobilisation, and debt sustainability.
Policy & regulation Peer reviews and country evaluations Economic data and developments
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2026-01-21•Global•The Wolfsberg Group
The Wolfsberg Group announced leadership changes, appointing Stevenson Munro as Co-chair, succeeding Jennifer Shasky Calvery, and adding Rachel Sloan to its Management Committee. Munro is Global Head of Financial Crime Risk at Standard Chartered Bank, while Sloan is BSA Officer and Head of the Global AML Program at Citi.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-01-21•Sweden•Riksbank
Sweden's Riksbank hosted King Carl XVI Gustaf and Queen Silvia, focusing on contingency planning and preparedness. Governor Erik Thedéen and General Council Chair Bo Broman discussed the Riksbank's role in crisis management, payment systems, and monetary policy during crises. The visit included a tour of the Brunkebergstorg building and a presentation on its upcoming remodelling.
Other Financial stability and systemic risk Monetary policy decisions and developments
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2026-01-21•Brazil•Central Bank of Brazil
The Central Bank of Brazil has ordered the extrajudicial liquidation of Will Financeira S.A. Crédito, Financiamento e Investimento due to its financial deterioration and insolvency, linked to Banco Master S.A., which is also under liquidation. The central bank will continue to investigate, potentially leading to administrative sanctions and asset freezes for the institution's controllers and former administrators.
Supervision Interventions Prudential risks Liquidity risk
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2026-01-21•Global•International Monetary Fund
The International Monetary Fund published the press release and staff report for Canada’s 2025 Article IV consultation, highlighting the economy's resilience amid significant North American trade policy shifts, despite challenges in exports, investment, and confidence due to trade uncertainty.
Research Other
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2026-01-21•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank has irrevocably withdrawn the payment institution licence of Caleen Financial Services B.V. due to repeated statutory failures, including inadequate operational management and failure to meet fit and proper requirements. The withdrawal, effective 5 April 2024, follows CFS's unsuccessful objection and lack of appeal, with a wind-down deadline set for 15 April 2024.
Supervision Authorisations & approvals Licence withdrawal
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2026-01-21•Global•International Monetary Fund
The IMF Executive Board concluded the 2025 Article IV consultation with Grenada, noting robust activity post-Hurricane Beryl with 4.4% growth, moderated inflation, and a stable financial sector. The IMF emphasized returning to a 1.5% of GDP primary balance by 2027 to maintain fiscal discipline, recommending stronger management of public investment projects, improved fiscal frameworks, and enhanced monitoring of financial sector risks.
Policy & regulation Peer reviews and country evaluations Economic data and developments
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2026-01-21•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) published its 2025 review, emphasizing intensive supervision, strict enforcement, and digital upgrades as strategic priorities for 2026, in preparation for Cyprus's EU Council Presidency. Key activities in 2025 included 600 inspections, €2.3 million in fines, and enhanced anti-money laundering measures. CySEC plans further digital transformation and human resource enhancements, focusing on major EU legislative files and financial literacy initiatives.
Supervision Supervision approach, priorities & toolkit Supervision process and methodologies
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2026-01-21•Latin America•Financial Action Task Force of Latin America (GAFILAT)
GAFILAT concluded its 52nd Plenary Meeting, establishing the Fifth Round of Mutual Evaluations and adopting a Strategic Plan for 2026–2030. Key updates include modifications to Recommendations 7 and 16, adjustments to evaluation procedures, and endorsement of strategic documents. Panama and Colombia were elected as presidency and vice-presidency for 2026, with the next plenary in February 2026 under Mexico's presidency.
Policy & regulation International standards & recommendations AML and CFT Supervision process and methodologies
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2026-01-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam summarized Deputy Prime Minister Pham Thi Thanh Tra’s address at the 14th National Congress, highlighting the Government’s motto and a six-part programme for future development, including institutional improvements, innovation-led growth, infrastructure development, social policy strengthening, modernised governance, and reinforced national defence. The speech reviewed the 2021–2025 term achievements, noting GDP growth, inflation control, and administrative restructuring.
Policy & regulation Reform agendas & priorities Other
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2026-01-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam Region 15 held a conference in An Giang to outline 2026 banking tasks, emphasizing credit management tailored to regional needs, with a focus on production, agriculture, and tourism. By end-2025, credit institutions in An Giang and Ca Mau mobilized VND 275,000 billion, with plans for 2026 to enhance credit growth in priority sectors, control risky credit areas, and advance digital transformation.
Policy & regulation Implementation, projects & pilots Other
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2026-01-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's report on the Vietnamese Communist Party’s 14th National Congress outlines an agenda focused on renewing thinking, improving institutions, and strengthening governance, with milestones set for 1930–2030 and 1945–2045. Priorities include synchronising Party institutions with State laws, enhancing digital transformation in inspection, and implementing city-level governance models, with progress in restructuring exceeding targets set for 2030.
Policy & regulation Reform agendas & priorities Other
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2026-01-21•Europe•European Banking Federation
The European Banking Federation and business associations have called on the European Union to implement proportionate, harmonised regulation of professional third-party litigation funding, emphasizing its importance for civil justice reform, EU competitiveness, and investment attractiveness.
Policy & regulation Reform agendas & priorities Other
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2026-01-21•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank has released its weekly balance sheet in accordance with the Eurosystem framework and national legislation. It will also publish monthly and annual balance sheets, along with an income and expenses report, after the respective reporting periods. The balance sheet details the main assets and liabilities as per Article 7(5) of the Bulgarian National Bank Act.
Data & statistics Balance of payments and other external statistics
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2026-01-21•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria issued a reminder on identifying genuine euro banknotes amid Bulgaria's euro adoption. It advises using the "Feel, Look and Tilt" method for authenticity checks and directs to the European Central Bank's website for detailed security features. The bank emphasizes not accepting suspected counterfeits and reporting them to the police, noting that using counterfeit notes is a criminal offence.
Supervision Alerts Other
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2026-01-21•Peru•Central Bank of Peru
The Central Bank of Peru's president, Julio Velarde, highlighted macroeconomic stability and institutional strength as key to unlocking Latin America's growth potential at the World Economic Forum in Davos. He noted Peru's stable exchange rate and sovereign bonds amid political volatility and identified macroeconomic instability and global geoeconomic tensions as factors affecting regional growth.
Monetary policy Monetary policy assessments & outlooks Economic data and developments Monetary policy decisions and developments
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2026-01-21•China•Central Bank of the Republic of China
The People's Bank of China outlined its 2026 priorities for payment and settlement, focusing on expanding RMB cross-border payment infrastructure and enhancing oversight of payment institutions. Key goals include advancing the modern payment system, improving cross-border interconnection, and optimizing payment services to support inclusion and efficiency.
Policy & regulation Reform agendas & priorities Payments and payment systems
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2026-01-21•Jordan•Jordan Securities Commission
The Jordan Securities Commission hosted a student delegation from the Jordan Judicial Institute to the Amman Stock Exchange and Securities Depository Center to enhance cooperation with judicial authorities and support investor protection. The visit included briefings on the Commission's regulatory role, the Securities Law, and the framework for securities issuance and registration.
Policy & regulation Cooperation Domestic cooperation
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2026-01-21•Global•Bank for International Settlements
The Bank for International Settlements released a working paper analyzing the impact of domestic economic policy uncertainty on macroeconomic and financial outcomes in Latin America. It finds that uncertainty disrupts activity and can raise inflation, especially when the economy is weak or financial conditions are tight. Using data from Brazil, Chile, Colombia, and Mexico, the study highlights that a one-standard-deviation rise in domestic uncertainty can lead to a GDP decline of up to 0.8% and an inflation increase of about 0.15 percentage points, with effects varying based on economic conditions.
Research
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2026-01-21•Russia•Central Bank of Russia
The Central Bank of Russia reported that annual inflation decreased to 5.6% in 2025 from 9.5% in 2024, the lowest since 2020, and affirmed that monetary conditions will remain tight to achieve a 4% inflation target. Non-food inflation averaged 3%, while services and food prices rose by 9.3% and 5.2% respectively, with December's seasonally adjusted monthly price growth at 2.6% annualised.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-01-21•Georgia•National Bank of Georgia
The National Bank of Georgia published the third issue of its journal Monetary Economics, featuring Governor Natia Turnava's article on Georgia’s monetary and foreign exchange policy for 2026–2028, and research on monetary policy, financial supervision, and financial inclusion. The journal, available in Georgian and English, serves as an academic resource and dialogue platform, with the next issue due in March 2026.
Research
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2026-01-21•Macao•Monetary Authority of Macao
The Monetary Authority of Macao and the Macao Central Securities Depository and Clearing marked MCSD's fourth anniversary by awarding contributions to Macao's bond market and highlighting infrastructure upgrades and legal framework improvements. The update noted significant settlement through the CSD–CMU link, broader product issuance, and ongoing efforts to enhance Macao's CSD and legal framework to boost connectivity with mainland China and international markets.
Policy & regulation Implementation, projects & pilots Market development
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2026-01-21•United Arab Emirates•National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)
The UAE National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee and France agreed to advance a joint strategic dialogue on money laundering and terrorist financing across five workstreams. They also discussed an asset recovery workshop and exchanges of specialists and experts.
Policy & regulation Cooperation AML and CFT Cross-border cooperation
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2026-01-21•Turkmenistan•Ministry of Finance (Turkmenistan)
Turkmenistan's Ministry of Finance announced the opening of the United Nations Special Programme for the Economies of Central Asia (SPECA) economic forum in Ashgabat, focusing on interregional connectivity for sustainable development, with discussions on energy and transport connectivity in the Caspian region. The forum, chaired by Turkmenistan’s Minister of Finance and Economy, Mämmetguly Astanagulow, will run until 22 January.
Policy & regulation Reform agendas & priorities Other
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2026-01-21•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission announced that Elite Insurance Company Limited's Joint Administrators have disclaimed its insurance policies, except those protected by the UK Financial Services Compensation Scheme (FSCS). A court-approved scheme of arrangement is being pursued to close the business and manage claims, potentially affecting policyholders' legal rights and claims handling, with FSCS compensation available until 31 December 2027 if the scheme is implemented.
Supervision Interventions Recovery and resolution
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2026-01-21•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) is hosting Mozambique's Insurance Supervision Institute (ISSM) to share insights on the Regulatory Sandbox, Open Insurance, and the Operations Registration System. The visit includes technical sessions on technology-driven innovation in insurance supervision. SUSEP also emphasized the role of the Association of Lusophone Insurance Supervisors as a cooperation channel.
Supervision Cooperation Regulatory sandbox
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2026-01-21•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury has indefinitely extended General Licence IOM/2023/RUS041 under its Russia financial sanctions framework, amending reporting conditions and requiring users to report statutory fee payments within seven working days. The update includes a new reporting email and mandates record retention for six years, while prohibiting actions that breach the Regulations unless permitted by granted licences.
Policy & regulation Rules & requirements Sanctions list update
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2026-01-21•Iraq•Central Bank of Iraq
The Central Bank of Iraq celebrated the National Day of the Holy Quran with a ceremony featuring Quran recitation, a lecture on its rhetorical miracle, and the distribution of certificates and shields to participants.
Other
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2026-01-21•Argentina•Central Bank of Argentina
The Central Bank of the Argentine Republic published Vice President Vladimir Werning’s London presentation on “Argentina: Economic Programme Phase 4”, outlining how post-election financial normalisation is expected to enable reforms, remonetisation and reserve purchases. The presentation reviewed 2025 “Phase 3” policy progress and financial normalisation after a pre-election “black swan” shock, and set out 2026 “Phase 4” policy prospects and an inflation outlook.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments
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2026-01-21•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the Bank of Korea concluded joint research on Uzbekistan's balance of payments dynamics, focusing on fundamental determinants, risks, and policy responses, during an international seminar under the Knowledge Partnership Program.
Research Cross-border cooperation
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2026-01-21•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reached a settlement with Alliance Batelière de la Sambre Belge, mandating a EUR 10,000 payment and public disclosure of the settlement on the FSMA website.
Enforcement Investigations & enforcement actions Other
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2026-01-21•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) warned the public that SE-RE-CO, trading as "SERECO," is not authorised to offer mortgage credit in Belgium and should only direct clients to registered credit intermediaries or lenders. Consumers are advised to be cautious and reject any direct mortgage credit offers from SERECO.
Supervision Alerts Unlicensed or unauthorized activity
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2026-01-21•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Century Properties Group, Inc.'s PHP 12 billion fixed-rate bond program, contingent on certain requirements. The initial offering includes PHP 3 billion in bonds, with a PHP 2 billion oversubscription option, earmarked for residential development projects. China Bank Capital Corporation and PNB Capital and Investment Corporation will manage and underwrite the issuance.
Supervision Authorisations & approvals Securities offerings and listings
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2026-01-21•Ireland•Department of Finance (Ireland)
Ireland's Department of Finance released a statement by Chief Economist John McCarthy to the Budgetary Oversight Committee, outlining the Future Forty fiscal and economic outlook to 2065. The analysis, based on a no-policy-change baseline, highlights demographic, digitalisation, decarbonisation, and deglobalisation impacts, projecting significant age-related fiscal pressures and a potential deficit of nearly 8% of GNI* by 2065.
Research Economic data and developments
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2026-01-21•Germany•BaFin
Germany’s Federal Financial Supervisory Authority (BaFin) is considering a general administrative order to apply Austria's 1.0% sectoral systemic risk buffer to German institutions' risk exposures in Austria's construction and real estate sectors, excluding non-profit housing associations. The requirement, applicable where exposures exceed EUR 100 million, would be met with Common Equity Tier 1 capital, with comments open until 4 February 2026.
Policy & regulation Rules & requirements Capital adequacy Macroprudential policy and tools
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2026-01-21•Cuba•Central Bank of Cuba
The Central Bank of Cuba reported on a Banco Metropolitano meeting to enhance operational efficiency and staff capability, focusing on the national foreign-exchange market and new regulations for foreign currency allocation to non-state corporations. The session reviewed citizen survey results on banking service quality and acceptance, with discussions led by Banco Metropolitano directors. A campaign for the bank's 30th anniversary was also presented.
Institutional development Cooperation & capacity building Capacity building
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2026-01-21•Qatar•Ministry of Finance (Qatar)
Qatar’s Minister of Finance, Ali bin Ahmed Al Kuwari, participated in a Bloomberg dialogue at the 2026 World Economic Forum in Davos, discussing global economic outlooks, Qatar's diversification agenda, and technology priorities. The session also addressed Qatar's debt issuance plans, AI trends, and progress on the Third National Development Strategy to 2030, emphasizing flexible fiscal policies and investment in advanced technologies.
Other Economic data and developments Artificial intelligence
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2026-01-21•Qatar•Ministry of Finance (Qatar)
Qatar's Ministry of Finance participated in the 11th Meeting of Undersecretaries of Finance in Arab Countries, discussing artificial intelligence in fiscal policy, sustainable financing, social safety nets, and preparations for the Arab Ministers of Finance meeting, with contributions from the International Monetary Fund, World Bank, and Organisation for Economic Co-operation and Development.
Policy & regulation Cooperation Climate risk and sustainable finance
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2026-01-21•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan and the National Agency of Perspective Projects of the Republic of Uzbekistan have signed a memorandum of understanding to enhance cooperation in capital and insurance markets and the regulation of crypto-assets. The agreement includes experience sharing, joint initiatives, and the promotion of innovative financial technologies to boost financial inclusion and operational efficiency.
Policy & regulation Cooperation Cross-border cooperation
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2026-01-21•South Korea•Ministry of Economy & Finance (South Korea)
South Korea's Ministry of Economy and Finance, via its One-Stop Export·Order Support Task Force, met with six policy financial institutions to outline 2026 export finance support plans, addressing exchange-rate volatility and supply-chain risks. Initiatives include the Export-Import Bank of Korea's KRW 20 trillion programme for AI and value-chain support, Korea Trade Insurance Corporation's KRW 114 trillion trade insurance for SMEs, and expanded financial support across strategic industries.
Policy & regulation Cooperation Market development
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2026-01-21•South Korea•Ministry of Economy & Finance (South Korea)
South Korea's Ministry of Economy and Finance released a comprehensive overview of 130 policy changes for 2026, focusing on tax and financial measures, cultural content incentives, and operational adjustments. Key updates include tax-free employer-provided childcare allowances, increased card-spending income deductions, new capital-market tax rules, and various tax credits and fee reductions to support households, investors, and businesses.
Policy & regulation Rules & requirements Other
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2026-01-21•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission secured Court of First Instance orders against three former directors of Superb Summit International Group Limited, mandating HKD 595 million in compensation for fraudulent schemes and disqualifying them from management roles for up to 15 years. This concludes the SFC’s legal actions against the company's former directors for misconduct.
Enforcement Investigations & enforcement actions Corporate governance
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2026-01-21•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported on the Hong Kong Mortgage Corporation Limited's premiere of a micro-film and public session to promote the "HKMC Retire 3" products, including the Reverse Mortgage Programme and HKMC Annuity Plan, supporting over 45,000 customers since 2011. The event, attended by around 30 partner organizations, also introduced the AMIGOS By HKMC loyalty programme, with a year-round promotional campaign planned across various media platforms.
Financial literacy & education Financial literacy and education
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2026-01-21•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) and the Ukrainian Universal Exchange discussed expanding the organised exchange commodity market to include agricultural products, aiming to replicate the success seen in unprocessed timber. The NSSMC emphasized the importance of transparent exchange rules and systematic enforcement to enhance market transparency and traceability from production to export or processing.
Policy & regulation Cooperation Market development
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2026-01-21•Norway•Department of Finance (Norway)
Norway's Finance Minister Jens Stoltenberg is attending the World Economic Forum in Davos from 20 to 22 January, engaging in discussions on the economy, security, and global health, and highlighting Norway's NOK 85 billion support to Ukraine in 2026. The visit includes bilateral meetings with NATO Secretary General Mark Rutte and IMF Deputy Managing Director Dan Katz.
Other Geopolitical risk
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2026-01-21•Global•Financial Stability Board
The Financial Stability Board has updated its practices paper for Crisis Management Groups of Global Systemically Important Banks, enhancing cross-border crisis preparedness and resolution planning. The revision includes a supplementary note with insights from the 2023 bank failures, emphasizing communication with non-CMG host authorities.
Policy & regulation International standards & recommendations Recovery and resolution
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2026-01-21•Indonesia•Bank Indonesia
Bank Indonesia's Board of Governors maintained the BI-Rate at 4.75%, the Deposit Facility rate at 3.75%, and the Lending Facility rate at 5.50%, focusing on stabilizing the rupiah amid global uncertainty and supporting the 2026–2027 inflation target. The bank aims to enhance monetary easing transmission and macroprudential measures, considering further BI-Rate cuts if inflation remains within the 2.5% ±1% target, while promoting pro-growth macroprudential and inclusive payment system policies.
Monetary policy Policy rate decisions Monetary policy decisions and developments
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2026-01-21•Portugal•Bank of Portugal
The Bank of Portugal issued a warning that "PRESTUGAL - Empréstimos Financeiros em Portugal" is not authorised to conduct lending or any financial activities under its supervision. Lending activities are restricted to authorised entities as per the Legal Framework of Credit Institutions and Financial Companies. A list of authorised entities is available on the Bank's website.
Supervision Alerts Unlicensed or unauthorized activity
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2026-01-21•Moldova•National Bank of Moldova
The National Bank of Moldova reported that the National Committee for Financial Stability's December 2025 meeting assessed systemic risks across financial sectors as low, with moderate risk in banking credit growth. Key findings include a rise in non-performing loans, stable liquidity and market risks, and progress towards launching the Moldova International Stock Exchange.
Supervision Risk monitoring & watch points Operational risk and resilience
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2026-01-21•Moldova•National Bank of Moldova
The National Bank of Moldova's December 2025 update shows net foreign-currency supply from individuals covered 92.1% of economic agents’ net demand, with no central bank interventions. Compared to November, individual supply increased by EUR 90.3 million to EUR 308.7 million, and net sales to legal entities rose by EUR 92.3 million to EUR 335.3 million, while the leu's average exchange rate against the euro shifted from MDL 19.7041 to MDL 19.7993.
Data & statistics Currency and cash management
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2026-01-21•Moldova•National Bank of Moldova
The National Bank of Moldova released December 2025 statistics on the non-cash foreign exchange market, detailing banks' spot, swap, and forward transactions against the Moldovan leu, excluding central bank activities. Interbank and intrabank spot turnover was dominated by the euro and U.S. dollar, with limited swap activity and no forward operations recorded.
Data & statistics Currency and cash management
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2026-01-21•Moldova•National Bank of Moldova
The National Bank of Moldova released December 2025 statistics on the banking system's aggregate foreign exchange position, detailing foreign currency assets and liabilities, open FX positions by currency, and total regulatory capital. Total foreign currency assets were MDL 53.279 billion, liabilities MDL 53.092 billion, with aggregate open long positions at MDL 324.820 million and open short positions at MDL 137.592 million.
Data & statistics Currency and cash management
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2026-01-21•Moldova•National Bank of Moldova
The National Bank of Moldova reported December 2025 cash foreign exchange market statistics, showing a total turnover of EUR 456.3 million, with purchases at EUR 364.8 million and sales at EUR 91.5 million. The euro accounted for 75.8% of turnover, and overall activity increased 26.0% from November 2025, driven by a 30.6% rise in purchases.
Data & statistics Foreign exchange policy and markets
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2026-01-21•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu participated in a ceremony at the Technical University of Moldova, emphasizing education, research, and innovation as vital for Moldova's economic transformation and EU integration. She highlighted recent progress in macroeconomic stability and international perceptions, linking these to institutional quality and investment in education.
Other
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2026-01-21•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has approved the prospectus for Ghani Dairies Limited's initial public offering of 104,200,000 ordinary shares, representing 24.28% of its post-IPO paid-up capital, using the book-building method. This marks the seventh prospectus approved for public subscription in FY 2025–26 and the third in January 2026.
Supervision Authorisations & approvals Securities offerings and listings
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2026-01-21•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has permitted Asset Management Companies to open Sehl Sarmayakari Accounts directly for resident Pakistani individuals via their digital platforms or physical forms, under a simplified due diligence regime. This change allows AMCs to manage customer information and compliance, with the option to upgrade accounts for broader investment opportunities.
Supervision Authorisations & approvals Financial inclusion
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2026-01-21•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority (FRA) showcased its financial literacy initiatives for non-banking financial activities at the Cairo International Book Fair, attended by Prime Minister Mostafa Madbouly. FRA Chair Mohamed Farid highlighted the 2025 financial awareness efforts, including the launch of the I Invest website and cooperation protocols with ministries. The FRA pavilion features educational materials, supported by financial institutions, with planned seminars during the fair.
Financial literacy & education Financial literacy and education
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2026-01-21•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has launched a public consultation on proposed amendments to the Updated Compilation of Banking Regulations, aiming to consolidate corporate governance requirements and strengthen risk management for banks. Influenced by IMF and World Bank recommendations, the amendments include integrating recovery planning into governance and supervisory assessments. The framework is expected to be applied in the 2028 Management Assessment process.
Policy & regulation Rules & requirements Corporate governance Prudential risks
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2026-01-21•Chile•Chile Financial Market Commission
The Chile Financial Market Commission released its 2025 Indebtedness Report, highlighting a median bank debtor debt of CLP 1,680,453 and a financial burden of 11.9% of monthly income. The report covers 84% of household obligations, noting a decline in over-indebtedness to 14.1% and a reduction in unpaid debtors to 6.1%. The Consolidated Debt Registry, effective April 2026, aims to address information gaps in national indebtedness assessment.
Data & statistics Consumer and investor protection
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2026-01-21•Europe•European Commission
The European Commission has launched an in-depth investigation to determine if an arbitral award requiring Bulgaria to compensate ACF Renewable Energy Limited for changes to its renewable electricity support scheme aligns with EU State aid rules. The Commission's preliminary view suggests the award constitutes incompatible State aid under Article 107(1) of the Treaty on the Functioning of the European Union, and the investigation will assess its compliance with internal market regulations.
Enforcement Investigations & enforcement actions Climate risk and sustainable finance
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2026-01-21•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority will apply voluntary reciprocity for Sweden’s macroprudential measure on lending secured by commercial real estate, maintaining risk-weight floors for Norwegian banks with relevant exposures. It did not recognize Sweden’s mortgage measure or Germany’s housing-related measure due to Norwegian banks' exposures being below materiality thresholds. The authority will monitor exposures and reassess if thresholds are surpassed.
Supervision Interventions Macroprudential policy and tools
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2026-01-21•Egypt•Central Bank of Egypt
The Central Bank of Egypt announced an improvement in Egypt's balance of payments for Q1 FY 2025/2026, with the current account deficit narrowing by 45.2% to USD 3.2 billion. The capital and financial account, however, showed a net outflow of USD 366.4 million.
Data & statistics Balance of payments and other external statistics
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2026-01-21•Myanmar•Central Bank of Myanmar
The Central Bank of Myanmar released data from its Foreign Exchange Market Online Trading Platform.
Data & statistics Foreign exchange policy and markets
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2026-01-21•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority and Qatar Stock Exchange joined a World Economic Forum Davos 2026 panel to discuss enhancing Qatar's capital markets via governance, liquidity, and investment products. The QFMA detailed strategies from the Third Financial Sector Strategy, focusing on market efficiency, cross-border capital flows, and digital infrastructure. The QSE highlighted a transformation to boost liquidity, investor access, and ESG-aligned offerings, emphasizing coordinated efforts for market growth and investor protection.
Policy & regulation Reform agendas & priorities Market development
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2026-01-21•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren criticized large banks and their CEOs, including JPMorgan Chase's Jamie Dimon, for opposing bipartisan efforts to cap credit card interest rates and not adopting a voluntary cap, highlighting their travel to a Swiss ski resort and Dimon's USD 770 million compensation.
Other
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2026-01-21•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee is holding its annual hearing with the Department of Housing and Urban Development (HUD), focusing on HUD's reform agenda and housing affordability. Chairman French Hill criticized regulatory inefficiencies and highlighted the bipartisan Housing for the 21st Century Act, which aims to streamline housing development and increase local flexibility.
Policy & regulation Reform agendas & priorities
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2026-01-21•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services has released its February 2026 hearing schedule, covering topics such as financial stability oversight, Securities and Exchange Commission accountability, and housing market policy, with sessions planned for February 4, 10, and 11 at the Rayburn House Office Building.
Other Financial stability and systemic risk Supervision process and methodologies
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2026-01-21•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance issued an alert regarding unauthorized individuals falsely claiming to represent the supervisor and requesting information via non-official channels like WhatsApp. The authority emphasized that it only communicates through its official website, institutional email accounts, published telephone numbers, and official social media channels, urging the public to use these methods exclusively.
Supervision Alerts Fraud and scams
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2026-01-21•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission proposed amendments to ease loan-to-deposit ratio calculations, reducing the weighting for non-Seoul loans by 5 percentage points to boost regional business lending. This initiative, part of a broader strategy to expand regional funding, could increase lending capacity by up to KRW21 trillion, with public comments open from January 22 to February 11, 2026, before implementation in the first quarter of 2026.
Policy & regulation Rules & requirements Lending
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2026-01-21•Kazakhstan•Ministry of Finance (Kazakhstan)
The Kazakhstan Ministry of Finance released a draft ministerial order outlining rules and deadlines for a pilot project to compensate value-added tax to foreign citizens exporting goods outside the Eurasian Economic Union's Customs Territory, available in Kazakh and Russian.
Policy & regulation Rules & requirements Other
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2026-01-21•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority fined Proportunity Management Company Limited and ACLB Management Company Limited for regulatory breaches and prohibited their CEO, Arman Bayev, from holding office. AFSA petitioned the Astana International Financial Centre Court for the compulsory winding up of both companies and related entities due to unauthorized activities and rule violations, prioritizing creditor payments over fines if the order is granted.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2026-01-21•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and the Hong Kong Association of Banks announced the implementation of the Guideline on Elderly-friendly Banking Services and the updated Practical Guideline on Barrier-free Banking Services to enhance banking access for elderly and impaired customers. These guidelines, aligned with the Government’s silver economy agenda, focus on digital enablement, accessibility, staff training, and financial education.
Policy & regulation Guidance & interpretation Financial inclusion
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2026-01-21•Global•International Monetary Fund
The International Monetary Fund's assessment of Burkina Faso's Public Investment Management and Climate-PIMA highlights improvements since 2017 but notes insufficient progress in enhancing public investment efficiency, with recommendations for strengthening investment processes and climate resilience.
Policy & regulation Peer reviews and country evaluations Climate risk and sustainable finance
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2026-01-20•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission announced that Christina M. Thomas will rejoin the Division of Corporation Finance in February as deputy director and chief advisor on disclosure, policy, and rulemaking.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-01-20•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission announced the senior team in its Division of Corporation Finance, including Luna Bloom, Duc Dang, Gabriel Eckstein, and others, who will advise Division Director James Moloney on rulemaking, corporate disclosure, and divisional operations.
Institutional development Leadership change & appointments Leadership change and appointments
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2026-01-20•Israel•Bank of Israel
The Bank of Israel released an updated comparison of inflation expectations, highlighting one-year market-implied inflation at 1.4% and a 12-month-ahead average forecast of 1.9%. The report also details five-year expectations at 1.9% and five-to-ten-year forward rates at 2.3%, noting that breakeven inflation includes an inflation-risk premium and can be influenced by taxation, liquidity, and market-depth differences.
Data & statistics
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2026-01-20•Europe•European Central Bank
The European Central Bank reported a decline in the euro area current account surplus to EUR 9 billion in November 2025 from EUR 27 billion in October, with a 12-month cumulative surplus falling to EUR 267 billion. The decrease was driven by a shift in primary income from a surplus to a deficit and a reduced services surplus, partially offset by an increased goods surplus.
Data & statistics Balance of payments and other external statistics
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2026-01-20•Japan•Japan Financial Services Agency
The Japan Financial Services Agency summarized a press conference where Finance Minister Katayama discussed yen depreciation, Japan–US exchange rate coordination, and market concerns over a potential House of Representatives dissolution. Katayama emphasized Japan's readiness for decisive intervention, rejected US pressure for monetary-policy changes, and highlighted Japan's fiscal responsibility amid rising interest rates and yen weakness.
Policy & regulation Guidance & interpretation Monetary policy decisions and developments
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2026-01-20•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released a summary of remarks by Minister of Finance and Minister for Financial Services Katayama from the "Japan’s Turn" event at the 56th Annual Meeting of the World Economic Forum.
Other
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2026-01-20•Japan•Japan Financial Services Agency
The Japan Financial Services Agency updated its English-language lectures and speeches listings, including a summary of remarks from the 56th Annual Meeting of the World Economic Forum in Davos, and links to recent speeches and messages by Japanese financial authorities at various international forums.
Other
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2026-01-20•Japan•Japan Financial Services Agency
The Japan Financial Services Agency will host a financial and economic education event, "Learning with Wanisa Money Classroom for the Future in Takamatsu," at AEON MALL Takamatsu on 28 February 2026, featuring family-oriented programs and free admission.
Financial literacy & education Financial literacy and education
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2026-01-20•Japan•Japan Financial Services Agency
Japan's Financial Services Agency and the Ministry of Health, Labour and Welfare have updated guidelines on business transfers and mergers, incorporating procedures for corporate value security interests. These revisions, following legislative resolutions, include explanatory leaflets and updates to the FSA's guidance on the Act on the Promotion of Business Financing.
Policy & regulation Guidance & interpretation Other
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2026-01-20•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission appointed Keith E. Cassidy as Director of the Division of Examinations, transitioning from his role as Acting Director since May 2024. Cassidy has led initiatives to enhance the national examinations program and has extensive experience in technology-focused examinations and cybersecurity.
Institutional development Leadership change & appointments Leadership change and appointments