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2025-11-13•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has ordered the immediate suspension of securities intermediation services by 24 online platforms, citing unauthorized operations. CVM's Superintendence of Market and Intermediaries Relations identified these platforms as soliciting Brazilian clients for securities transactions without proper authorization. The suspension was formalized through Declaratory Act CVM 24,167.
Supervision Authorisations & approvals Unlicensed or unauthorized activity
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2025-11-13•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan will host a high-level COP30 event with COP Sustainable Business and the International Development Finance Club to present a Roadmap for enhancing sustainable finance taxonomies. The initiative aims to improve transparency and comparability in climate financing, featuring outputs like a global digital mapping system and interoperability principles. This voluntary platform, established at COP29, includes partners such as the International Finance Corporation and Brazil’s Ministry of Finance.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-13•Canada•Ontario Securities Commission
The Ontario Securities Commission announced that Sergiy Kaspirovych pleaded guilty to providing false information during an investigation, violating section 122(1)(a) of the Securities Act. He was sentenced to 18 months’ probation and 150 hours of community service. Kaspirovych submitted forged documents, including falsified criminal record checks, to support his registration as a scholarship plan dealing representative.
Enforcement Investigations & enforcement actions
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2025-11-13•Global•Network for Greening the Financial System
The Network for Greening the Financial System (NGFS) has updated its Guide on Climate Scenario Analysis to incorporate advances in scenario design, data, and modelling, emphasizing short-term scenarios for assessing near-term financial risks related to climate change. The Guide aims to serve as a practical reference for supervisory exercises and firms' risk management, reflecting methodological progress and emerging best practices.
Policy & regulation Guidance & interpretation Climate risk and sustainable finance
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2025-11-13•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network announced that the Taxonomy Roadmap Initiative, in collaboration with the Sustainable Business COP and the International Development Finance Club, will host a high-level event at COP30 in Belém to enhance interoperability and comparability of sustainable finance taxonomies. The event will present a progress report on global taxonomy trends, high-level principles for interoperability, a digital tool for comparing taxonomies, and a dedicated website for resource sharing, building on COP29's goal to mobilize USD 1.3 trillion annually by 2035.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-13•Malaysia (Labuan)•Labuan Financial Services Authority
The Labuan Financial Services Authority announced the appointment of Datuk Ahmad Hizzad bin Baharuddin as Chairman for a two-year term starting 15 November 2025. Datuk Hizzad, with extensive experience at Bank Negara Malaysia and previous roles at Labuan FSA, succeeds Dato’ Wan Mohd Fadzmi Bin Che Wan Othman Fadzilah, who retired in 2024.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-13•Russia•Central Bank of Russia
The Central Bank of Russia's Board of Directors has extended Tatyana Savitskaya's term as Financial Consumer Ombudsman for credit cooperation, insurance, and other financial operations, effective 1 January 2026. Her role, initially appointed on 1 January 2021, is governed by Federal Law No. 123-FZ and involves a five-year term.
Institutional development Leadership change & appointments Mandate change
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2025-11-13•Russia•Central Bank of Russia
The Central Bank of Russia's review for July–September 2025 highlights that banks thwarted 28.5 million fraudulent transactions, preventing the theft of ₽3.5 trillion, while 460,100 fraudulent transactions resulted in ₽8.2 billion stolen. Successful fraud incidents rose by 51% compared to the previous four quarters, attributed to enhanced reporting capabilities in mobile apps. From October 2025, all large banks must offer in-app fraud reporting.
Policy & regulation Rules & requirements Fraud and scams
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2025-11-13•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network plans a COP30 event in Belém to align sustainable finance taxonomies, enhancing cross-border comparability and private capital mobilisation for climate goals. Deliverables include a progress report, interoperability principles, a taxonomy mapping tool, and a dedicated website. The initiative builds on COP29 outcomes, aiming to mobilize at least USD 1.3 trillion annually by 2035, focusing on emerging markets and developing economies.
Policy & regulation Implementation, projects & pilots Climate risk and sustainable finance
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2025-11-13•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 3.1bn for September 2025, down from PLN 3.5bn in September 2024, with surpluses in services and secondary income offset by deficits in primary income and trade in goods. Goods exports increased by 5.3% to PLN 128.1bn, while imports rose 6.8% to PLN 132.4bn, driven by agricultural products, consumer goods, and passenger cars. The primary income deficit widened due to increased foreign direct investment income.
Data & statistics Balance of payments and other external statistics
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2025-11-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has amended regulations to refine banks' credit policies and establish a framework for services related to the initial placement of virtual assets under the Law on Virtual Assets. The changes enhance collateral monitoring and aim to improve banks' interactions with state authorities.
Policy & regulation Rules & requirements Lending Prudential risks
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2025-11-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Jalal-Abad regional office conducted a financial literacy lecture for government employees in Tash-Kumyr. Topics included money management, financial risk protection, QR code development and standards, digital financial services, and the Tündük platform's credit transaction self-ban process following recent legislative amendments.
Financial literacy & education Financial literacy and education
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2025-11-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has enforced measures against currency exchange bureaus, fining one bureau KGS 55,000 and suspending the licence of LLC Magnit X for regulatory breaches. Magnit X's licence is suspended from 13 to 19 November 2025.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2025-11-13•Global•International Monetary Fund
The International Monetary Fund released a Fintech Note offering a framework to assess financial stability implications of retail central bank digital currency (CBDC) adoption. It identifies six transmission channels affecting stability, including banks' funding structures and payment-system competition, suggesting mild CBDC adoption generally has limited impact on bank profitability. The note recommends data-driven diagnostics and outlines design and policy options to mitigate risks.
Policy & regulation Guidance & interpretation CBDC
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2025-11-13•Global•International Monetary Fund
The International Monetary Fund's IMF Fintech Note outlines strategies to enhance payment ecosystem resilience in Fragile and Conflict-Affected States, impacting central bank digital currency (CBDC) design. It presents a framework for assessing vulnerabilities across five ecosystem layers and explores digital innovations like offline functionality and interoperability. Case studies highlight measures such as multisite architectures and satellite connectivity, with CBDC considerations including offline solutions and crisis disbursement programmability.
Policy & regulation International standards & recommendations Cross-border payments Financial stability and systemic risk
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2025-11-13•Global•International Monetary Fund
The International Monetary Fund published a Fintech Note on retail central bank digital currency (CBDC) impact on domestic retail payment competition, offering guidance for policymakers. It outlines four channels through which CBDC could influence competition, with significant effects in concentrated, lightly regulated markets. Key design considerations include intermediary participation, interoperability standards, fee structures, and the risk of crowding out private alternatives.
Policy & regulation Guidance & interpretation CBDC
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2025-11-13•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force concluded its 41st Plenary Meeting in Manama, Bahrain, approving Bahrain as vice-president for 2026 and endorsing UAE-Bahrain joint presidency priorities for 2026-2027. The meeting also addressed governance enhancements, challenges in implementing financial sanctions, and trends in money laundering and terrorist financing.
Policy & regulation International standards & recommendations AML and CFT
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2025-11-13•United Kingdom•Bank of England
The Chancellor of the Exchequer, Rachel Reeves, has reappointed Megan Greene for a second term as an external member of the Bank of England’s Monetary Policy Committee (MPC), extending her tenure until 4 July 2029. External MPC members are appointed by the Chancellor and may serve up to two three-year terms, with reappointments considered on their merits.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-13•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen, FI) has issued guidance for banks and financial firms to ensure critical financial services during crises and war. It emphasizes continuity in electronic and cash payments, salary payments, and access to savings, credit, and insurance, aligning with Sweden’s civil defence objectives. FI aims to enhance cooperation with firms to address development needs relevant to Sweden’s total defence.
Policy & regulation Guidance & interpretation Other
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2025-11-13•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a consumer alert urging residents to verify the licensing of door-to-door sellers, following reports of unlicensed operations. The Commission emphasized that direct sellers must be licensed and carry their licence during business activities. Warning signs include cash-only payments, upfront fee demands, removable car signage, evasiveness, and high-pressure sales tactics.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-13•United Kingdom•HM Treasury
HM Treasury has reappointed Megan Greene as an external member of the Bank of England’s Monetary Policy Committee for a second three-year term, extending her tenure until 4 July 2029. The reappointment follows the Governance Code for Public Appointments, with Greene confirming no political activity in the past five years.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-13•Canada•Canadian Securities Administrators
The Canadian Securities Administrators issued a Notice and Request for Comment on proposed amendments to National Instrument 52-112, aiming to align with IFRS 18 and reduce duplicative disclosures. Key changes include redefining "non-GAAP financial measure" to encompass management-defined performance measures, allowing certain disclosures by reference, and introducing a prominence rule for additional subtotals. The amendments consolidate existing exemptions and integrate NI 52-112 into the Multilateral Instrument 11-102 Passport System.
Policy & regulation Rules & requirements Accounting and financial reporting
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2025-11-13•United States•Federal Reserve Board
The Federal Reserve Board issued a consent prohibition order against Nicholas Sheeley, a former Commerce Bank employee, for misappropriating customer funds. It also terminated cease and desist orders against Société Générale S.A. and Industrial and Commercial Bank of China Ltd., originally issued in 2018.
Enforcement Investigations & enforcement actions
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2025-11-13•Egypt•Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority (FRA) has authorized Azimut Investments – Egypt to establish the first digital platform for investing in real estate investment fund units. The FRA is reviewing the prospectus for the "Halan – Azimut" real estate fund, which will be offered digitally. This follows FRA Board Decision No. 125 of 2025, setting rules for digital platforms in real estate investment, with existing models required to comply.
Supervision Authorisations & approvals Securities offerings and listings
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2025-11-13•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved EURONEXT N.V.'s suitability for acquiring control-related holdings in the Hellenic Exchanges group and related entities, including indirect acquisitions in Athens Exchange Clearing House S.A., Hellenic Central Securities Depository S.A., and Hellenic Energy Exchange S.A. The Commission also approved certain EURONEXT N.V. shareholders' suitability for indirect participation in this acquisition.
Supervision Authorisations & approvals Licence approval
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2025-11-13•Thailand•Bank of Thailand
The Bank of Thailand released the IMF staff's concluding statement from the 2025 Article IV Consultation, highlighting a weaker growth outlook and subdued inflation. The IMF projects growth to slow to 2.1% in 2025 and 1.6% in 2026, with inflation remaining low and returning to the 1–3% target range by 2027. The statement emphasizes the need for targeted fiscal support, further monetary easing, and structural reforms to enhance productivity and competitiveness.
Policy & regulation International standards & recommendations Economic data and developments
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2025-11-13•Thailand•Bank of Thailand
The Bank of Thailand, Bank of England, and Monetary Authority of Singapore are collaborating to explore synchronised settlement mechanisms for foreign exchange transactions. The initiative will assess the feasibility of atomic, real-time FX transactions and Payment versus Payment settlement across jurisdictions. Experiments will use simulated Real Time Gross Settlement systems and Distributed Ledger Technology to test interoperability and multilateral use cases.
Policy & regulation Cooperation Cross-border payments Market infrastructure
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2025-11-13•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released notes from Chair John Lonsdale's remarks at the Insurance Council of Australia CEO roundtable, emphasizing regulatory balance and inviting input from general insurance industry executives.
Policy & regulation Guidance & interpretation Regulatory burden
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2025-11-13•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency, in collaboration with the Federal Deposit Insurance Corporation and the Federal Reserve Board through the Federal Financial Institutions Examination Council, released 2024 data on small business, small farm, and community development lending under the Community Reinvestment Act. The FFIEC also provided aggregate reports for each metropolitan statistical area and county in the U.S. and its territories, along with supporting data tables.
Data & statistics Financial and market indicators Supervisory data
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2025-11-13•Romania•National Bank of Romania
The National Bank of Romania reported a widening current account deficit to EUR 22,275 million for January–September 2025, up from EUR 20,515 million in 2024, driven by a larger goods and primary income deficit. Total external debt increased by EUR 17,773 million to EUR 221,283 million as of 30 September 2025, with long-term debt rising 11.3% to EUR 174,027 million. Non-resident direct investment reached EUR 5,647 million, with net equity participation at EUR 4,972 million and net intra-group loans at EUR 675 million.
Data & statistics Balance of payments and other external statistics
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2025-11-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission's Chair, Wu Qing, visited Paris and Rio de Janeiro to meet with the French Financial Markets Authority and Brazil’s Securities and Exchange Commission, discussing securities market regulation and bilateral cooperation. Wu also engaged with international institutional investors and Chinese corporates to communicate policy messages and explore investment opportunities in China's capital markets.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-13•Global•Financial Stability Board
The Financial Stability Board's Regional Consultative Group for the Middle East and North Africa convened in Istanbul to address regional and global financial stability issues. Discussions included financial vulnerabilities, debt sustainability, nonbank financial intermediation, and the use of artificial intelligence in finance. The group also reviewed the FSB's 2025 activities and set priorities for 2026.
Policy & regulation Cooperation Artificial intelligence Financial stability and systemic risk
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2025-11-13•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) president Roberto E. Silva discussed the 2025 regulatory framework's impact on capital markets at an IDEA event, emphasizing digitalisation, tokenisation, and simplification. Key measures include a tokenisation regime, streamlined capital markets regulation, and a framework for Virtual Asset Service Providers. Silva noted the CNV board's approval of over 100 regulations, aiming to simplify rules and balance investor protection with innovation.
Policy & regulation Rules & requirements
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2025-11-13•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) President Roberto E. Silva highlighted over 100 regulations to enhance private-sector financing and modernize Argentina's capital markets at Marval Legal Forecast 2026. Key measures include the Tokenisation Regime, the regulatory framework for Virtual Asset Service Providers, and the Automatic Public Offering regime. Silva noted many improvements promised at the previous year's event have been implemented.
Policy & regulation Rules & requirements Market development
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2025-11-13•Luxembourg•Ministry of Finance (Luxembourg)
Luxembourg’s Ministry of Finance reported Finance Minister Gilles Roth’s participation in Eurogroup and ECOFIN meetings in Brussels, where finance ministers approved amendments to national recovery and resilience plans, including Luxembourg’s. Discussions covered euro area competitiveness, innovation, Banking Union developments, digital finance, and international issues related to Ukraine and Pillar 2. Roth also met with European Commissioner for Financial Services Maria Luís Albuquerque to discuss Europe's supervision architecture.
Policy & regulation Reform agendas & priorities Cross-border cooperation
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2025-11-13•Asia•Eurasian Group (EAG)
The Eurasian Group said the 41st MENAFATF plenary approved member progress reports and discussed targeted financial sanctions, cybercrime and AML/CFT trends. It also noted that the United Arab Emirates will take over MENAFATF chairmanship in 2026, with Bahrain as vice president, and used the meeting to preview side events for the 43rd Eurasian Group plenary.
Policy & regulation Cooperation
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2025-11-13•Vietnam•State Bank of Vietnam
The State Bank of Vietnam announced the National Assembly's resolution on the 2026 socio-economic development plan, targeting GDP growth of 10% or higher with macroeconomic stability and inflation control. The plan emphasizes restructuring credit institutions, stabilizing interest and exchange rates, and supporting production funding. Key targets include GDP per capita of USD 5,400–5,500, 8.5% labour productivity growth, and a digital economy share of 14% of GDP.
Policy & regulation Reform agendas & priorities Other
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2025-11-13•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission requires stock brokers, dealers, and merchant bankers to disclose negative equity and unrealized losses per International Financial Reporting Standards. Firms must submit quarterly updates and face restrictions on negative equity accounts, including bans on new securities purchases and margin loan interest charges. Temporary net-worth compliance relaxation applies only to deficits from provisioning and adjustment, with the Commission retaining the right to amend or withdraw the order.
Policy & regulation Rules & requirements Accounting and financial reporting
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2025-11-13•South Korea•Bank of Korea
The Bank of Korea published "Financial Market Trends in October 2025," providing detailed data in attached files.
Data & statistics Financial and market indicators Monetary data
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2025-11-13•United States•Financial Crimes Enforcement Network
FinCEN proposes a rule to designate transactions involving ten Mexico-based gambling establishments linked to the Cartel de Sinaloa as primary money laundering concerns, aiming to sever their US financial system access. The action is coordinated with the Mexican government and the Treasury’s Office of Foreign Assets Control. FinCEN requests Suspicious Activity Reports include specific identifiers and highlights its whistleblower program for enforcement actions.
Policy & regulation Rules & requirements AML and CFT Whistleblowing
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2025-11-13•Bhutan•Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan announced a "New Generation" series of Ngultrum banknotes to commemorate the 70th birth anniversary of the Fourth Druk Gyalpo, Jigme Singye Wangchuck. The polymer notes, featuring updated security elements and national motifs, will be more durable and recyclable than paper notes, with previous banknotes remaining legal tender. The new BTN 1,000, BTN 500, and BTN 100 notes are expected to circulate from January 2026.
Policy & regulation Implementation, projects & pilots Other
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2025-11-13•United States•U.S. Department of the Treasury
The U.S. Treasury's OFAC and FinCEN targeted the Hysa Organized Crime Group and Mexico-based gambling establishments linked to cartel money laundering. OFAC designated 27 individuals and entities, while FinCEN proposed cutting off 10 gambling establishments from the U.S. financial system, prohibiting transactions and requiring special due diligence on correspondent accounts.
Enforcement Sanctions & designations New sanctions designations
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2025-11-13•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago discussed fintech innovation and secure payment systems with stakeholders. Key topics included the proposed Payment Systems and Services Bill for modernizing payment regulation, modular licensing for Payment Service Providers, and improved dispute resolution. Updates were given on supervisory approaches, the Regulatory Innovation Hub, and the Regulatory Sandbox for fintech collaboration and testing.
Policy & regulation Guidance & interpretation Fintech and insurtech Payments and payment systems
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2025-11-13•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority released its October 2025 PMA Business Cycle Index, showing a slight improvement, and the Residential Property Price Index for Q3 2025, indicating market stability. Additionally, the PMA Governor participated in the AAOIFI–Islamic Development Bank conference on Islamic finance and AI, and a Wilton Park meeting on private sector investment for Gaza's reconstruction.
Data & statistics Economic data and developments
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2025-11-13•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority released the Residential Property Price Index for Q3 2025, showing stable residential prices with a 0.71% quarterly increase to 107.5 points, but a 0.5% decline year-on-year. Sub-indices aligned with the overall trend, with house prices up 0.82% and apartment prices at 107.4 points. The index excludes the Gaza Strip due to ongoing conflict.
Data & statistics
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2025-11-13•Moldova•National Bank of Moldova
The National Bank of Moldova released an annex detailing its 2026 publication calendar, with scheduled release dates on 13 February, 14 May, 13 August, and 12 November. The annex also includes historical publication dates from 2016 to 2025.
Data & statistics Other
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2025-11-13•Moldova•National Bank of Moldova
The National Bank of Moldova Executive Committee adopted Decision No. 255, amending various foreign exchange-related normative acts. These amendments will take effect on 1 January 2026.
Policy & regulation Rules & requirements Currency and cash management
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2025-11-13•Moldova•National Bank of Moldova
The National Bank of Moldova's Executive Committee approved an instruction mandating foreign exchange bureaus and hotels to report to the central bank.
Policy & regulation Rules & requirements Regulatory reporting
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2025-11-13•Moldova•National Bank of Moldova
The National Bank of Moldova has amended its normative acts concerning leverage ratio reporting, effective 1 January 2026.
Policy & regulation Rules & requirements Regulatory reporting
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2025-11-13•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank's survey of over 2,400 Dutch households shows overall trust in the financial sector remains stable, despite declining confidence in banks, insurers, and pension funds. Trust in financial institutions is split, with 52% expressing fairly high or very high trust, while 48% report little or no trust. These shifts in confidence occur despite stable financial positions, driven by personal experiences, sector supervision, and general sentiment.
Data & statistics Financial and market indicators
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2025-11-13•United Arab Emirates•ADGM Financial Services Regulatory Authority
The Financial Services Regulatory Authority of Abu Dhabi Global Market hosted the IOSCO Africa and Middle East Regional Committee Plenary Meeting and Public Conference on regional securities regulation. The plenary involved 29 IOSCO member regulators discussing capital markets integration, global regulatory alignment, and supervisory enhancements. The public conference addressed market innovation topics like tokenisation, distributed ledger technology, and private credit.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-13•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE, in collaboration with the Arab Monetary Fund and the World Bank, will host the MENA Leaders’ Summit on Financial Inclusion 2025 in Abu Dhabi on 17–18 November. The event will launch the National Strategy for Financial Inclusion 2026–2030 and feature discussions on digital financial services, women’s financial health, and financial literacy. The summit will present the Arab regional edition of the Global Findex Database and conclude with the issuance of the "Abu Dhabi Principles for Digital Financial Inclusion."
Policy & regulation Implementation, projects & pilots Financial inclusion
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2025-11-13•Barbados•Central Bank of Barbados
The Central Bank of Barbados published an explainer titled “Tariffs: What It Means; Why It Matters”, detailing the effects of tariffs and geopolitical events on the Barbadian economy. The document highlights impacts on manufacturing, tourism, and consumer prices.
Financial literacy & education Economic data and developments
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2025-11-12•Colombia•Superintendencia Financiera de Colombia
The Superintendencia Financiera de Colombia (SFC), led by Superintendent César Ferrari, met with China's central bank to discuss inter-institutional coordination in monetary policy management. The delegation, including Colombia’s Ministry of Finance officials, also examined key macroeconomic variables in China. The visit coincided with the Ministerial Seminar on financial system innovation for developing countries.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-12•Global•Egmont Group
Egmont Group Chair, Elzbieta Franków-Jaskiewicz, emphasized the growing role of Financial Intelligence Units (FIUs) in combating illicit financial flows at the AMLP Forum’s 19th Annual European Financial Crime Conference. She highlighted the importance of cross-border cooperation and technological advancements, noting the group's 30-year history of facilitating secure intelligence exchanges among 182 FIUs. She called for enhanced resources and operational independence to address challenges like fragmented data and sophisticated criminal activities.
Policy & regulation Cooperation AML and CFT Cross-border cooperation
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2025-11-12•Italy•Bank of Italy
The Bank of Italy released a paper examining Italian government bonds amid the unwinding of euro-area central banks' expansionary monetary policy. The study finds private investment in sovereign securities remained stable or increased when Eurosystem purchases were reduced, with modest effects on issuance costs. However, during market stress, demand from end investors weakens, leading to higher auction issuance costs.
Research
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2025-11-12•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority's Artificial Intelligence Survey 2025 shows AI use among Dubai International Financial Centre authorised firms rose to 52% from 33% in 2024, with generative AI adoption up 166%. Despite increased AI integration, governance gaps persist, with 21% of AI users lacking clear accountability mechanisms. The DFSA plans to maintain a risk-based supervisory approach and collaborate with firms and regulators to develop guidance for responsible AI adoption.
Research Artificial intelligence
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2025-11-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released its Audit Quality Monitoring Report 2025, detailing audit quality reviews of registered audit firms and licensed auditors conducted between 1 July 2024 and 30 June 2025, emphasizing the importance of high-quality audits for informed investor decision-making.
Supervision Reviews, inspections & stress tests Activity and performance reporting
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2025-11-12•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has issued an updated draft of the Oversight Framework for Payment Systems and Their Operators for public consultation. The draft aligns with the Law of Payments and Payment Services and its Implementing Regulations, detailing supervisory methodology and obligations per international standards like the Principles for Financial Market Infrastructures. Feedback will be considered before finalizing the framework.
Policy & regulation Rules & requirements Payments and payment systems
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2025-11-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority fined Middle East Healthcare Co. SAR 20,000 for not promptly disclosing a material dispute with the Zakat, Tax and Customs Authority over assessments from 2015 to 2018. The dispute, totaling SAR 156,858,311, exceeded 5% of the company's net assets as per interim financial statements ending 30 September 2020. The company only mentioned the dispute in its annual financial statements for the year ending 31 December 2022.
Enforcement Investigations & enforcement actions Disclosures
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2025-11-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority is consulting on draft amendments to the Implementing Regulation of the Companies Law for Listed Joint Stock Companies. Key proposals include allowing shareholders with 10% or more voting shares to request board member removals and changes to the determination of distributable profits, which would no longer need to be linked to audited financial statements. The consultation will consider public feedback before finalizing the amendments.
Policy & regulation Rules & requirements Corporate governance
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2025-11-12•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS) was re-elected as the MENA region's representative on the Executive Committee of the International Association of Insurance Supervisors (IAIS) in Tirana, Albania. Represented by Ms. Siham Ramli, ACAPS will continue addressing MENA strategic priorities and supervisory challenges. ACAPS also holds the vice-chairmanship of the IAIS Executive Committee and participates in various committees and technical working groups.
Policy & regulation Cooperation Leadership change and appointments
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2025-11-12•Georgia•National Bank of Georgia
Governor Natia Turnava of the National Bank of Georgia stressed regional cooperation and flexible economic strategies amid geoeconomic fragmentation at the Bank of Albania’s 100th anniversary conference. She highlighted Georgia's strategic role in connecting Europe and Asia, emphasizing efficient financial services and interconnected infrastructures. Notable speakers included Albania’s Prime Minister Edi Rama and European Central Bank President Christine Lagarde.
Monetary policy Monetary policy assessments & outlooks Cross-border cooperation
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2025-11-12•Georgia•National Bank of Georgia
Natia Turnava, Governor of the National Bank of Georgia, attended the BIS Committee on Payments and Market Infrastructures symposium in Basel for its 35th anniversary. Central bank leaders, including those from the Bank of England and the Reserve Bank of Australia, discussed payment system complexities and risk identification. The symposium highlighted CPMI's role as a key international standard setter for payment, clearing, and settlement systems.
Policy & regulation Cooperation Cross-border cooperation Payments and payment systems
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2025-11-12•Ireland•Department of Finance (Ireland)
Ireland's Department of Finance detailed Minister Paschal Donohoe's Brussels engagements, including chairing the Eurogroup and attending the Economic and Financial Affairs Council. Discussions will cover macroeconomic developments, fiscal policy coordination, and updates on the euro area banking system, digital euro, and stablecoin developments. ECOFIN will address Ukraine's financing needs, OECD tax reforms, and amendments to Recovery and Resilience Plans for several EU countries.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-12•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) reported incorporating 14,802 new companies in the first four months of fiscal year 2025, mainly via its eZfile system, raising the total to 272,918. SECP issued 94 licenses across sectors, including capital markets and non-banking finance. Additionally, SECP announced an awareness drive on incorporation benefits and plans to enhance digital infrastructure and regulatory processes.
Supervision Authorisations & approvals Licensing framework and process
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2025-11-12•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan concluded the International Capital Market Conference & Expo 2025, focusing on advancing capital market cooperation and strengthening market linkages. Attended by representatives from Azerbaijan, Bangladesh, China, Iran, and the United States, the event covered themes like integration, digitisation, and Islamic finance. Discussions highlighted the need for legislative reforms, capacity building, and harmonised Shariah frameworks to enhance retail investor participation and ethical investment awareness.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-12•China•Central Bank of the Republic of China
The Central Bank of the Republic of China, led by Governor Pan Gongsheng, emphasized strategic improvements to the central bank system during an internal briefing on the Fourth Plenary Session of the 20th Communist Party of China Central Committee and the 15th Five-Year Plan. Priorities include enhancing the monetary policy framework, strengthening macroprudential management, and improving systemic risk prevention mechanisms. Pan also highlighted the importance of financial supply-side reform, financial opening, and national financial security.
Policy & regulation Reform agendas & priorities Monetary policy decisions and developments
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2025-11-12•Europe•European Banking Authority
The European Banking Authority launched a consultation on draft Guidelines to enhance supervisory independence under the Capital Requirements Directive. The Guidelines focus on managing conflicts of interest, term limits for management bodies, and harmonising safeguards for staff and governance members.
Policy & regulation Guidance & interpretation Supervision process and methodologies
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2025-11-12•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) issued a public warning against QFEX Bermuda Limited for falsely claiming BMA licensing on its website. QFEX, neither licensed nor registered, was added to the BMA's warning list of unauthorised firms. The BMA highlighted the risks of engaging with unregulated entities and noted QFEX's removal of public website access following the warning.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-12•United States•National Futures Association
The National Futures Association (NFA) fined Oil Brokerage Limited USD 290,000 for allowing unregistered individuals to solicit and accept orders from U.S. customers and failing to supervise. The Business Conduct Committee found violations of NFA Bylaw 301(b) and Compliance Rule 2-9(a) based on a complaint and the firm's settlement offer.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2025-11-12•United States•Federal Reserve Bank of Richmond
The Federal Reserve Bank of Richmond has established a Center for Rural Economies to enhance economic opportunity and resilience in rural communities within the Fifth District and beyond. The Center will focus on research, policy analysis, and community engagement in areas such as education, career pathways, and business dynamics. Initiatives like the Investing in Rural America Conference and the Rural Economic Development Webinar Series will continue.
Institutional development Mandate & organizational structure Economic data and developments
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2025-11-12•Canada•Financial Services Regulatory Authority of Ontario
Douglas E. Turnbull has been appointed as the next chair of the Financial Services Regulatory Authority of Ontario’s board, effective 1 January 2026, succeeding Joanne De Laurentiis. Turnbull, who joined FSRA’s board in May 2025, brings over 45 years of experience in investment banking and related fields. De Laurentiis has served as chair since 2021, with her mandate extended until the end of 2025.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-12•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance announced Minister Kyriakos Pierrakakis will attend Eurogroup and ECOFIN meetings in Brussels, focusing on EU energy taxation changes and customs reforms. ECOFIN will discuss revising the Energy Taxation Directive, abolishing duty exemptions for low-value parcels, and implementing the OECD's 15% global minimum corporate tax. Additional topics include the EU–EFTA dialogue, the European Fiscal Board's annual report, and the economic implications of Russia's actions in Ukraine.
Policy & regulation Cooperation Economic data and developments
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2025-11-12•Sweden•Riksbank
Sweden's Riksbank's autumn 2025 Financial Markets Survey shows the SEK FX and fixed-income markets are functioning well, despite decreased risk appetite due to geopolitical tensions. With a 40% response rate, most respondents report neutral risk-taking, though concerns about liquidity and volatile interest rates remain.
Data & statistics Financial and market indicators Supervisory data
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2025-11-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced that Hong Kong Exchanges and Clearing Limited will acquire a 20% stake in CMU OmniClear Holdings Limited, with the Exchange Fund retaining 80%. This partnership aims to enhance Hong Kong's capital markets infrastructure and develop its fixed income and currencies ecosystem. The venture will focus on expanding investor services, asset class coverage, and collateral management to strengthen the region's central securities depository.
Policy & regulation Implementation, projects & pilots Market infrastructure
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2025-11-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, internet banking login screens, and phishing emails linked to press releases by four banks, including The Bank of East Asia and Bank Julius Baer & Co. Ltd. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
Supervision Alerts Fraud and scams
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2025-11-12•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors (IAIS) released its 2024 Financial Report following its Annual General Meeting in Tirana. The report includes financial statements for the year and contributions from the Chairs of the Executive, Budget, and Audit and Risk Committees. It complements the IAIS Year in Review published in April.
Institutional development Governance Accounting and financial reporting
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2025-11-12•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released a quarterly Funds Bulletin with aggregate statistical data on the island’s funds sector as of 30 September 2025.
Data & statistics Financial and market indicators Supervisory data
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2025-11-12•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a sanctions update referencing new information from the Isle of Man Treasury, Customs and Immigration Division concerning Counter Terrorism (Domestic), ISIL (Da’esh) and Al‑Qaida, and Russia financial sanctions. It highlights new Russia General Licences IOM/2025/RUS046, IOM/2025/RUS047, and IOM/2025/RUS048, advising firms to consult the Isle of Man Government’s news releases for detailed changes. Current sanctions notices are accessible via the Treasury division’s Sanctions and Export Control webpage.
Policy & regulation Guidance & interpretation Sanctions list update
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2025-11-12•Global•Bank for International Settlements
The Bank for International Settlements announced that Christine Lagarde, President of the European Central Bank, will succeed Jerome H Powell as Chair of the Global Economy Meeting and Economic Consultative Committee from May 2026. These principal meetings occur bi-monthly.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-12•Ghana•Bank of Ghana
The Bank of Ghana celebrated the 10th anniversary of the Ghana Fixed Income Market (GFIM) with Governor Dr. Johnson Pandit Asiamah outlining priorities for enhancing market liquidity and broadening issuance. The Governor highlighted a recovery in trading volumes, improved macroeconomic conditions, and limited corporate issuance, suggesting credit-enhancement mechanisms and educational initiatives as potential growth drivers.
Policy & regulation Reform agendas & priorities Market development
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2025-11-12•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has updated the "Value Loss Expert Report" for motor traffic insurance to minimize disputes over vehicle value loss. The revised template aligns with judicial decisions to support efficient assessment and compensation of claimants' losses. Further measures are planned in consultation with stakeholders.
Policy & regulation Guidance & interpretation Complaints and dispute resolution
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2025-11-12•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan, the Kazakhstan Stock Exchange, and the National Bank briefed foreign investors in London on capital market developments. Equity market capitalisation rose 22% to USD 73bn, and corporate bonds totalled USD 26bn. The Agency is working with the National Bank to establish a legal framework for digital financial assets and consolidate securities, Islamic finance, and digital-asset legislation.
Policy & regulation Reform agendas & priorities Market development
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2025-11-12•United States•Federal Reserve Bank of Atlanta
Federal Reserve Bank of Atlanta President Raphael W. Bostic will retire at the end of his term on 28 February 2026. A search committee of non-banking directors will conduct a nationwide search for his successor. If no successor is appointed by then, First Vice President Cheryl Venable will serve as interim president.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) began its 41st Plenary Meeting in Manama, Bahrain, to evaluate member countries' anti-money laundering, counter-terrorist financing, and counter-proliferation financing systems. The agenda includes discussions on regional and international money laundering trends, best practices, and MENAFATF's capacity-building efforts, following preparatory meetings from 9 to 10 November 2025.
Policy & regulation Peer reviews and country evaluations AML and CFT Capacity building
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2025-11-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) began its 41st Plenary Meeting in Manama, Bahrain, focusing on evaluating member countries' anti-money laundering, counter-terrorist financing, and proliferation financing frameworks. The agenda includes discussions on emerging money laundering patterns, good practices, and updates on MENAFATF's capacity-building efforts, following recent workshops and working group meetings.
Policy & regulation Cooperation AML and CFT Capacity building
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2025-11-12•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait announced it hosted the 9th Gulf Cooperation Council Knowledge Exchange Workshop on Building and Using Economic Models.
Policy & regulation Implementation, projects & pilots Economic data and developments
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2025-11-12•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned against fraudulent schemes falsely claiming ties to Avior Capital Markets (Pty) Ltd, including unauthorized WhatsApp groups, apps, and social media pages. The FSCA noted impersonation of Avior staff and fraudulent bank accounts linked to Discovery Bank and Absa Bank. Avior Capital Markets confirmed it does not offer investment advice to retail clients or manage cryptocurrency or "quant AI" funds.
Supervision Alerts Fraud and scams Unlicensed or unauthorized activity
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2025-11-12•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia will release commemorative coins for Miki Muster's 100th anniversary and 2025 euro coin sets on 26 November 2025, with advance online orders fully reserved. Purchases are limited to one proof coin and one proof set per customer, while no limits apply to brilliant uncirculated versions.
Other
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2025-11-12•Europe•European Central Bank
The European Central Bank's Working Paper Series No 3151 examines how monetary policy surprises and macroprudential tightening affect euro-area investment fund activity. Joint tightening episodes can lead to opposite responses, with contractions in bank-centric markets like Germany, France, and the Netherlands, but inflows in fund hubs such as Luxembourg, Ireland, and Italy. Liquidity-focused tightening prompts faster reactions than capital-based measures, and equity funds are more sensitive than bond funds, which partly offset contractions through higher yields.
Research Macroprudential policy and tools
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2025-11-12•Europe•European Central Bank
The European Central Bank's Working Paper No 3150 examines how euro area monetary policy impacts corporate investment using firm survey data. It finds that firms with strong fundamentals but limited external finance access show the strongest investment response to policy changes. A 1 basis point monetary policy tightening can reduce investment by up to 0.25 percentage points over two years, with significant variation based on firms' funding needs and availability.
Research Corporate governance
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2025-11-12•Tajikistan•National Bank of the Republic of Tajikistan
Daler Murodalizoda, Deputy Chairman of the National Bank of Tajikistan, attended the "Asia Small and Medium-Sized Enterprise Monitor 2025" forum in Baku, organized by the Asian Development Bank (ADB). The forum covered SME financing, trade policy, and sustainable development, focusing on mitigating financial market risks amid geopolitical tensions. Murodalizoda also met with ADB Executive Director for Japan, Shigeo Shimidzu, to discuss cooperation and technical assistance for developing a regulatory framework for consumer protection in insurance services.
Policy & regulation Cooperation SME financing
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2025-11-12•Spain•Bank of Spain
The Bank of Spain's 2025 study shows cash is the primary in-store payment method for 57% of consumers, despite a rise in mobile payments. Cash remains common for transactions between individuals, though Bizum is gaining popularity among those under 45. The study notes limited awareness of the digital euro, with only 20% willing to use it alongside existing methods.
Research Currency and cash management
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2025-11-12•Vietnam•Ministry of Finance (Vietnam)
Vietnam's Ministry of Finance, with Australia's Department of Foreign Affairs and Trade and the Asian Development Bank, held a workshop in Hanoi to advance Vietnam’s credit rating market. The event focused on mandatory credit rating requirements for corporate bonds, noting VND 287.4 trillion in rated bond issuance in the first 10 months of 2025. The workshops aim to promote international best practices and enhance legal compliance and internal controls within credit rating firms.
Policy & regulation Implementation, projects & pilots Credit ratings
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2025-11-12•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten announced Raquel Lo Fo Wong's appointment as Conduct Supervision Division Manager effective 1 January 2026. Lo Fo Wong has led the Sint Maarten office since 2019. The CBCS is recruiting a new Director for the Sint Maarten Office to ensure operational continuity.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-12•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) launched the Simplifica PREVIC initiative to simplify government communications on pensions. Since January 2023, it reviews documents to make language more direct, reducing technical terms and acronyms. The initiative collaborates with the Ministry of Social Security and the National Social Security Institute to enhance clarity in normative acts, websites, and public services.
Policy & regulation Implementation, projects & pilots Other
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2025-11-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority published its Audit Quality Monitoring Report 2025, detailing audit quality reviews of registered audit firms and licensed auditors conducted between 1 July 2024 and 30 June 2025, emphasizing the importance of high-quality audits for informed investor decision-making.
Supervision Reviews, inspections & stress tests Activity and performance reporting
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2025-11-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released its 2024/25 Audit Quality Monitoring Report, identifying key areas for improvement in audit quality, including insufficient evidence for related party disclosures, the need for enhanced quality management systems, and risks associated with variable remuneration. The report also provides early insights on mandatory climate statement assurance and oversight of overseas auditors.
Supervision Reviews, inspections & stress tests Auditing
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2025-11-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines emphasized blended finance as a tool to boost funding for climate adaptation at the Blended Finance Forum in Manila. The event, co-organized with Australia's Department of Foreign Affairs and Trade and Convergence, aimed to build a pipeline of investable adaptation projects and mobilize domestic capital. It aligns with the BSP Sustainability Agenda and the Philippines' National Adaptation Plan 2023–2050.
Policy & regulation Cooperation Climate risk and sustainable finance