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2025-11-11•Global•United Nations PRI
The Taskforce on Net Zero Policy, supported by the UN PRI, released its COP30 report urging faster, coordinated net zero reforms among G20 jurisdictions. It notes a tripling of net zero regulations since 2020, with increased policy ambition in Asia Pacific and the Global South. The report emphasizes integrated frameworks, clearer carbon credit market rules, stronger accountability, transparency in fossil fuel lobbying, and estimates a need for USD 1.3 trillion in annual climate finance by 2035.
Policy & regulation Guidance & interpretation Climate risk and sustainable finance
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2025-11-11•United Kingdom•UK Parliament
The UK Parliament has completed the legislative process for the Public Authorities (Fraud, Error and Recovery) Bill, which aims to prevent fraud against public authorities, reduce erroneous payments, and recover funds lost to fraud or error. The bill, which underwent amendments and scrutiny in both Houses, received Royal Assent on 2 December and is now law.
Policy & regulation Rules & requirements Other
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2025-11-11•Ghana•Bank of Ghana
At the 29th National Banking and Ethics Conference, the Bank of Ghana announced enhanced oversight of digital assets and new conduct expectations for banks, including a proposed mandatory Ethics Certification Programme. It is developing a Virtual Asset Service Providers Bill with the Securities and Exchange Commission and the Financial Intelligence Centre to regulate crypto exchanges. The central bank also reported a 37.04% cedi appreciation and an 8.0% inflation rate in October 2025, while addressing increased fraud cases and collaborating on a Ghana Banking Code of Ethics.
Policy & regulation Rules & requirements CBDC
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2025-11-11•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved KO Yu RA as Deputy Chair and Management Board member at JSC Commercial Bank BNK, focusing on administrative and economic operations oversight.
Supervision Authorisations & approvals Supervision process and methodologies
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2025-11-11•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency warned of a phone fraud scheme targeting the elderly. Fraudsters impersonate officials to create urgency, persuading victims to transfer money to a "safe account" and often gaining remote device access. Consumers should verify requests independently, avoid sharing confidential information, and report suspicious calls to banks or law enforcement.
Supervision Alerts Fraud and scams
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2025-11-11•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan re-elected Igor Alekseyevich Yakovenko as Insurance Ombudsman for a three-year term. Yakovenko, who has served since November 2022, has implemented measures to enhance dispute resolution, including structural reforms, digitisation, and a CRM system for improved interaction with insurers.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-11•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority issued a warning about individuals impersonating Exness ZA (Pty) Ltd on Telegram and WhatsApp to solicit investments. Exness confirmed no association with these administrators, who are not authorised to provide financial services. The FSCA advised caution against unsolicited offers and urged verification of a provider's authorisation status.
Supervision Alerts Fraud and scams Unlicensed or unauthorized activity
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2025-11-11•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned that Quantum Wins is not authorised to provide financial services in South Africa. Quantum Wins reportedly solicits funds online, promising guaranteed cryptocurrency trading profits, but clients can't withdraw funds. The FSCA advises verifying authorisation and cautions against red flags like unrealistic returns and pressure to act quickly.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-11•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned about Mr. David Sean's unauthorized use of Capitec Bank Limited’s financial services provider number to solicit investments. Capitec confirmed no association with Mr. Sean, who is not authorized to provide financial services. The FSCA advised the public to verify the authorization status of financial service providers and be cautious of common red flags in investment offers.
Supervision Alerts Unlicensed or unauthorized activity Fraud and scams
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2025-11-11•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned about individuals impersonating Alexander Forbes Financial Planning Consultants and its CEO on Telegram to solicit investments. Alexander Forbes confirmed no association with these administrators, who are unauthorized to provide financial services. The FSCA advised caution with unsolicited offers on social media, noting red flags like unrealistic returns and urgent payment demands.
Supervision Alerts Fraud and scams
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2025-11-11•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warns about individuals on Telegram falsely claiming ties to Altvest Capital Solutions and CEO Warren Wheatley to solicit investments. Altvest confirmed no connection to these individuals and does not operate via social media. The FSCA advises verifying authorizations and being wary of scams like unrealistic returns and unsolicited offers.
Supervision Alerts Fraud and scams
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2025-11-11•Israel•Bank of Israel
The Bank of Israel's Financial Stability Report for H1 2024 highlights the financial system's resilience amid the Swords of Iron War, supported by strong capital ratios and liquidity. Despite high macroeconomic risks and increased government financing needs, stability is bolstered by a low pre-war debt-to-GDP ratio and substantial foreign exchange reserves, with private-sector credit rising by NIS 51 billion, mainly in real estate and mortgages.
Research Financial stability and systemic risk Geopolitical risk
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2025-11-11•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina participated in the Bank of Albania’s centennial conference, discussing Europe's strategic challenges and the EU's role in stabilizing and integrating the Western Balkans. She emphasized the importance of central bank independence for financial system trust and highlighted cooperation with the Bank of Albania on monetary policy and banking modernization.
Other Cross-border cooperation
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2025-11-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has expanded its Complaints Ranking publication, now accessible via social media and categorized by sector. The rankings cover insurance, open private pensions, and capitalisation, utilizing the RppA index to proportionally compare firms based on complaints relative to premium or contribution volumes. The data is updated quarterly and published approximately 60 days post-quarter.
Data & statistics Complaints and dispute resolution
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2025-11-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance reported SUSEP-supervised activity totaled BRL 313.09bn from January to September 2025, a 3.43% nominal decrease from the same period in 2024. Indemnities, surrenders, benefits, and prize draws rose 9.72% nominally to BRL 198.61bn. Property and personal insurance revenues increased 7.45% nominally to BRL 164.82bn, with life insurance growing 12.13% nominally and auto insurance 6.12% nominally.
Data & statistics Other
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2025-11-11•Spain•Bank of Spain
Bank of Spain Governor José Luis Escrivá stressed improving financing access for Spanish SMEs to boost growth, noting they lag behind European counterparts. He highlighted resilient growth, easing borrowing costs, and lower private-sector leverage but pointed out higher loan rejection rates and limited use of securitisation and venture capital for SMEs. The Bank supports SME-focused financial education and aims to expand funding access through its credit assessment system and participation in a European securitisation platform.
Policy & regulation Implementation, projects & pilots SME financing
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2025-11-11•Estonia•Finantsinspektsioon
Estonia's Financial Supervision Authority has withdrawn AS BaltCap’s operating licence as an alternative fund manager, following the firm's application due to reduced assets under management. AS BaltCap will continue as a registered manager of small alternative funds, which under Estonia’s Investment Funds Act, do not require a licence if assets are below EUR 500 million and certain conditions are met. Supervision of such registered managers is limited to collecting supervisory reports.
Supervision Authorisations & approvals Licence withdrawal
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2025-11-11•South Africa•South African Reserve Bank
The South African Reserve Bank and the Bank for International Settlements announced the 2025 G20 TechSprint winners, focusing on trust and integrity in scalable, open finance. Launched under South Africa’s G20 Presidency, the initiative sought tech solutions for digital identity, credit data portability, and fraud and cyber-risk mitigation. Winners include Ownapay SA for digital identity, Silence Laboratories for credit data portability, and FNA and Proto for fraud and cyber-risk mitigation.
Policy & regulation Implementation, projects & pilots Fintech and insurtech Regtech and suptech
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2025-11-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported on Governor Eli M. Remolona, Jr.'s participation in the 61st SEACEN Governors’ Conference, emphasizing digital payments connectivity for cross-border economic integration. The conference called for greater interoperability and standardization of payment systems. Additionally, the 45th SEACEN Board of Governors’ Meeting approved the 2026 work plan and budget and discussed the strategic business plan for 2026–2030.
Policy & regulation Cooperation Cross-border payments
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2025-11-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines, during its 2025 Peso Real-Time Gross Settlement (RTGS) Forum, called for stakeholder support to develop a 24/7 peso RTGS service, indicating a potential shift to continuous settlement in the BSP-owned PhilPaSSplus system. The forum also addressed operational refinements, progress on the ISO 20022 Standard Harmonization Project, and updates on penalties and liquidity-saving mechanisms.
Policy & regulation Implementation, projects & pilots Payments and payment systems
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2025-11-11•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) warns about counterfeit surety bond insurance policies falsely marketed under Nordic Guarantee Försäkringsaktiebolag's name, which disowns them. IVASS advises consumers to verify insurers and intermediaries' legitimacy through its online resources before making payments. Nordic Guarantee is a Swedish insurer authorized to operate in Italy under the freedom to provide services in non-life class 15 (Surety).
Supervision Alerts Fraud and scams
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2025-11-11•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation by two websites, with blocking by Italian internet service providers underway. This action brings the total number of targeted abusive sites to 309 since November 2023. IVASS emphasized consumer due diligence for insurance offers, particularly for temporary motor third-party liability policies, advising verification of insurer and intermediary authorization.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2025-11-11•Oman•Oman Financial Services Authority
The Oman Financial Services Authority held a workshop with the Idrak Fintech Community on security regulations and fraud prevention for fintech firms. The session detailed the regulatory framework, sandbox environment, licensing criteria, and fraud prevention measures. It emphasized compliance obligations and risk management, highlighting the importance of clear regulatory guidance in fostering innovation and trust in digital financial services.
Policy & regulation Guidance & interpretation Fintech and insurtech Compliance
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2025-11-11•Europe•European Central Bank
The European Central Bank's Working Paper Series No 3149 examines why banks choose bilateral versus syndicated corporate lending, finding syndication mainly serves as a risk-management tool. Analysis of euro area credit register and syndicated-loan data shows banks are more likely to syndicate when their risk-bearing capacity is weaker, screening and monitoring costs are higher, and borrowers are riskier. Syndicated loans are priced higher than bilateral loans, with spreads averaging 57 basis points more, and do not increase the likelihood of subsequent first-time bond issuance.
Research Lending
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2025-11-11•Europe•European Central Bank
The European Central Bank's Working Paper introduces a machine learning approach to identify turning points in euro area monetary aggregates M1 and M3 in near real time. M1 turning points can be detected with a three-month delay using Learning Vector Quantisation, while a distinction-sensitive extension provides interpretability for M3 by highlighting key drivers like lending to households and firms. The paper benchmarks performance against the Bry–Boschan algorithm and standard classifiers, reporting robust results across various models and metrics.
Research Other
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2025-11-11•Europe•European Central Bank
The European Central Bank's Economic Bulletin examines China's widening trade surplus post-pandemic, citing subdued domestic demand and structural changes that have depressed imports while boosting exports. The research highlights a decoupling in China's goods trade, with exports rising and imports stagnating due to factors like the housing downturn and the "Made in China 2025" strategy. The ECB notes that China's export growth, especially in sectors with weak domestic sales, poses competitive pressures for trading partners, including the European Union.
Research Geopolitical risk
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2025-11-11•Estonia•Central Bank of Estonia
The Central Bank of Estonia's Supervisory Board confirmed Andrus Alber as Deputy Governor for a five-year term starting January 2026, succeeding Veiko Tali. Governor Madis Müller nominated Alber, citing his financial sector experience and previous roles at the International Monetary Fund and the central bank. The board also advanced Ülo Kaasik's nomination as the next Governor to the President for confirmation, with Müller's term ending June 2026.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-11•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission reported a 13.25% year-on-year increase in total premiums to PHP 372.08 billion for licensed insurers and mutual benefit associations as of Q3 2025. Life and non-life insurance premiums rose by 13.77% and 13.07%, respectively, with total assets reaching PHP 2.62 trillion. Insurance penetration and density also improved, indicating premium growth outpacing population growth.
Data & statistics Financial and market indicators Supervisory data
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2025-11-11•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of the Republic of North Macedonia has finalized an agreement with UKIM to enhance vocational and non-formal education for economics and finance students. The collaboration aims to innovate university curricula, incorporating industry expertise and practical experiences, and may include a joint digital platform for financial education. Initiatives also cover potential internships, scholarships, and employment opportunities.
Policy & regulation Cooperation Domestic cooperation
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2025-11-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) is consulting on a draft rule to amend the disclosure regime for Financial Investment Funds under Annex I of CVM Resolution 175. The proposal seeks to balance investor protection and supervisory needs with reduced compliance costs, including changes to reporting requirements and data submission frequency.
Policy & regulation Rules & requirements Regulatory burden
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2025-11-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Joint Circular Letter CVM/SMI/SIN/SSE 2/2025, clarifying obligations for administrators and infrastructure providers in reconciling investment fund units distributed "on behalf and by order." The guidance emphasizes daily reconciliation among fund administrators, market entities, and registrars, following CVM Resolution 175, to ensure accurate investor positions and enhance unitholder benefits.
Policy & regulation Guidance & interpretation Supervision process and methodologies
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2025-11-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) approved settlement agreements totaling BRL 1.77 million to resolve proceedings against an issuer investor relations director and two equity fund managers. José Ricardo Elbel Simão agreed to pay BRL 330,000 for alleged disclosure failures, while Francisco Giffoni Meirelles de Andrade and Michel Shirozono will pay BRL 720,000 each for alleged price manipulation. The CVM board accepted the agreements following recommendations from the Term of Commitment Committee.
Enforcement Investigations & enforcement actions Other
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2025-11-11•Brazil•Brazil Securities Commission (CVM)
Brazil’s Securities Commission (CVM) warned RSM Brasil Auditores Independentes for non-compliance with education requirements, acquitted T4F Entretenimento S.A. board members, and suspended judgment against Gol Linhas Aéreas board member Henrique Constantino, who faced allegations of enabling contracts without business rationale and diverting resources. The T4F case involved alleged abuse of power and duty of care breaches, which were unanimously dismissed.
Enforcement Investigations & enforcement actions Auditing
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2025-11-11•Albania•Albania Financial Services Authority
Albania Financial Services Authority's Executive Director, Mimoza Kaçi, joined EIOPA’s Tirana roundtable on insurance regulation and European integration. Discussions covered Albania's insurance market challenges, EIOPA's support, and enhancing supervisory capacity for EU alignment, emphasizing financial stability, consumer protection, and sustainable market development. Senior figures from EIOPA, the European Commission, the World Bank, and the Austrian Financial Market Authority attended.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-11•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia co-hosted the inaugural Investor Roundtable on Sustainable Finance in Phnom Penh with several international organizations. The event featured high-level participation, including H.E. Sou Socheat and representatives from the Global Green Growth Institute and the United Nations Economic and Social Commission for Asia and the Pacific.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-11•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) and ACLEDA University of Business (AUB) conducted a workshop to enhance financial literacy in the securities sector. The event was supported by ACLEDA Securities Plc. and Benjaran Asset Management (Cambodia) Plc., with SERC Director General Sou Socheat and AUB President Phon Narin presiding.
Financial literacy & education Financial literacy and education
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2025-11-11•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) issued an investor warning from October 21 to November 11, 2025, identifying six unregistered companies, including Arquette Insurance and Wealth Management and PT-Option. The OSC advises investors to verify registration to avoid potential risks and maintains a warning list of entities engaged in potentially harmful or illegal activities.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-11•Tonga•National Reserve Bank of Tonga
The National Reserve Bank of Tonga has issued a warning about the circulation of counterfeit pa‘anga banknotes, particularly affecting cash-only informal businesses, and advises careful inspection of notes. Counterfeit TOP 100, TOP 5, and TOP 50 notes have been identified, with details on genuine security features available on the bank's website; the public is urged to report suspicious currency to the bank or police.
Supervision Alerts Fraud and scams
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2025-11-11•Montenegro•Central Bank of Montenegro
Central Bank of Montenegro Governor Irena Radovic emphasized innovation's role in sustainable growth and financial stability at a Tirana conference, highlighting digital payments and FinTech. She framed Montenegro's EU accession as a stability anchor and noted the EU's innovation agenda's relevance for future members. Radovic also discussed Montenegro's early adoption of a Smart Specialisation Strategy to enhance technology uptake and financial regulation.
Policy & regulation Reform agendas & priorities
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2025-11-11•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority warned that https://commercialregister.sc/, run by Commercialregister LTD, is not a government body and is unaffiliated with the Seychelles Government. The FSA noted the unauthorised use of the Seychelles Coat of Arms and its logo, which may falsely imply official status, and highlighted inaccurate and misleading information on the site. Investors and the public should exercise caution regarding services offered by Commercialregister LTD.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-11•Global•IOSCO
The International Organization of Securities Commissions (IOSCO) released a report on tokenizing financial assets, examining distributed ledger technology's impact on market integrity and investor protection. Prepared by IOSCO’s Fintech Task Force, it identifies challenges like interoperability issues and legal uncertainties, while noting potential efficiency gains. IOSCO urges members to apply its crypto and digital asset policy recommendations to tokenized assets, emphasizing consistent regulatory outcomes.
Policy & regulation International standards & recommendations Tokenization
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2025-11-11•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji will launch a new series of banknotes, unveiled on 02 December 2025 and circulated from 02 January 2026, featuring updated designs, improved durability, enhanced security, and features for the visually impaired.
Monetary policy Other Currency and cash management
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2025-11-11•Global•ISDA
The International Swaps and Derivatives Association (ISDA) and the Credit Derivatives Governance Committee have invited tenders for an independent regulated entity to administer the Credit Derivatives Determinations Committees, including the DC secretary role. The administrator will manage DC processes, build a new DC website, and collaborate on rule improvements, with submissions due by January 9, 2026, and the successful bid announced in Q1 2026.
Policy & regulation Implementation, projects & pilots Market infrastructure
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2025-11-11•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's October 2025 Purchasing Managers’ Index (PMI) report shows a rise in the composite PMI to 55.4, marking the eleventh consecutive month of economic expansion. Sector PMIs for Industry, Services, and Agriculture remained in expansionary territory, with Agriculture showing the longest expansion streak. Key indicators like output, new orders, and employment expanded, while the Agriculture sector recorded the largest gap between input and output prices.
Data & statistics Economic data and developments
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2025-11-11•Hungary•National Bank of Hungary
Governor Mihály Varga of the National Bank of Hungary emphasized the Budapest Stock Exchange's (BSE) role in regional economic development at the 10th anniversary of the "BÉT50 – Fifty Prosperous Hungarian Companies" publication. He noted a 35% rise in the BUX index in 2025 and highlighted household savings' importance in capital markets, with Hungarian households' financial wealth reaching HUF 115 trillion in Q2 2025. Varga also discussed the BSE's expanding securities offerings and a cooperation agreement to enhance research on corporate growth and support SMEs through the BÉT50 programme.
Other Market development
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2025-11-11•Hungary•National Bank of Hungary
The National Bank of Hungary's October 2025 Bank Sentiment Survey showed banks viewed their operating environment as unchanged despite a worsening macroeconomic climate, tighter regulation, and lower profitability. Intensifying competition and stronger demand for banking products supported banks, with expectations for improvement in the next six months. Large banks noted weaker corporate creditworthiness but anticipated rising credit demand, especially in household lending, while regulatory tightening mainly affected medium-sized and small banks.
Data & statistics Economic data and developments
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2025-11-11•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini's September/October 2025 Monthly Statistical Release highlights continued growth in private sector credit and broad money, alongside a weaker banking system liquidity position. Private sector credit rose 2.1% month-on-month to SZL 21.7 billion, while broad money supply increased 0.2% to SZL 26.0 billion. Provisional gross official reserves surged to SZL 14.4 billion in October, enhancing import cover to 3.4 months.
Data & statistics Monetary data
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2025-11-11•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's October 2025 Expectations Survey Report shows increased optimism among firms, with the Confidence Index rising to 38.5 from 31.5 and projected to reach 52.5 in six months. Industry leads with a 40.0 index point outlook, while Mining and Quarrying show the highest business confidence and capacity utilisation. Regional optimism varies, with the North-East at 56.1 index points and the South-South at 23.3, amid concerns over insecurity, power supply, and taxation.
Data & statistics Economic data and developments
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2025-11-11•United Kingdom•HM Treasury
HM Treasury has issued recommendations for the FCA and PSR to align payments regulation with government growth goals in the National Payments Vision. They emphasize reducing regulatory congestion, enhancing Open Banking and Finance, and maintaining consumer protection. The joint FCA-PSR response highlights early consolidation of PSR functions into the FCA, revised cooperation, and progress on retail payments infrastructure and fraud reimbursement.
Policy & regulation Guidance & interpretation Payments and payment systems
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2025-11-11•United States•Federal Reserve Board
Federal Reserve Board Governor Michael S. Barr discussed generative AI's transformative potential in central banking, emphasizing robust risk controls. He noted AI's rapid integration in finance for credit decision support, fraud detection, and trading, while addressing risks like bias and systemic threats. The Federal Reserve is advancing AI adoption through a comprehensive program, focusing on technology modernization and assessing AI's impact on economic and financial stability.
Policy & regulation Guidance & interpretation Artificial intelligence
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2025-11-11•Albania•Bank of Albania
Governor Gent Sejko of the Bank of Albania emphasized price stability and continuity in monetary policy at the centennial conference, advocating for an inflation-targeting regime with a freely floating exchange rate. He highlighted the central bank's commitment to adopting the EU's regulatory framework and enhancing financial integration, while addressing challenges like geopolitical fragmentation and rapid financial innovation. The Bank also issued a commemorative coin for its 100-year anniversary.
Monetary policy Monetary policy framework & strategy Other
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2025-11-11•Egypt•Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority (FRA) mandates investment fund administration service companies to establish technology and information-security infrastructure for electronic database connectivity with the FRA. This initiative aims to enhance real-time oversight of investment funds, requiring firms to provide detailed fund and unit-holder information under strict confidentiality and technical controls. Upon completion, the FRA will offer real-time investment fund unit prices on its I Invest website.
Policy & regulation Rules & requirements Supervision process and methodologies Regtech and suptech
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2025-11-11•Global•International Monetary Fund
The International Monetary Fund has outlined the legal foundations jurisdictions should assess before issuing retail or wholesale central bank digital currencies. The guidance calls for clear issuance mandates, protection of CBDC holders, effective oversight of platforms and intermediaries, and legal certainty over token transfers and settlement finality. It does not recommend CBDC issuance.
Policy & regulation Guidance & interpretation CBDC Payments and payment systems Compliance
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2025-11-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission amended General Rule No. 243 on technical reserves for Disability and Survivors' Insurance, updating calculation methodologies to enhance consistency and align with international standards. Key changes include adjustments to premium sufficiency tests, reserve models for claims in settlement, and methodologies for incurred and unreported survival claims. The final regulation reflects public consultation feedback and is detailed in an accompanying Regulatory Report.
Policy & regulation Rules & requirements Accounting and financial reporting
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2025-11-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission issued a public warning about predatory loan offers promoted through unsupervised mobile applications and filed a criminal complaint against those responsible. The alert identifies five apps, including DALE CRÉDITO - PRÉSTAMO VELOZ and SR LUMINALOAN, and directs the public to the CMF's Fraud Alerts Page for verification of CMF supervision and alerts on unregulated entities.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) warned about seven entities falsely claiming CMF supervision and requesting advance payments for loans that never materialize. The CMF filed complaints with the Public Prosecutor’s Office for alleged fraud involving entities like Cooperativa Nordsee Capital and Partners Financial. The CMF advised the public to use its Fraud Alerts Page to verify the legitimacy of financial service providers.
Supervision Alerts Fraud and scams
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2025-11-11•United Arab Emirates•Ministry of Finance (United Arab Emirates)
The UAE Ministry of Finance and Dubai Finance completed the first government financial transaction using the Digital Dirham with the UAE Central Bank. This pilot, part of the Digital Dirham project under the Central Bank’s Financial Infrastructure Transformation Programme, was executed through mBridge, a multi-central bank digital currency platform. The initiative aims to enhance settlement speed, reduce operational costs, and improve transparency and accuracy in government payments.
Policy & regulation Implementation, projects & pilots CBDC
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2025-11-11•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission held a briefing to outline its strategy following the Communist Party's recent decisions for the Fifteenth Five-Year Plan. Director Li Yunze emphasized preventing financial risks, strengthening supervision, and supporting high-quality development. The briefing highlighted maintaining Party leadership over financial work and advancing self-governance, with priorities including optimizing the financial institution system.
Policy & regulation Guidance & interpretation Other
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2025-11-11•Qatar•Qatar Financial Centre
The Qatar Financial Centre Authority signed a memorandum with Türkiye's Investment and Finance Office to enhance investment and market access. The agreement includes information exchange, joint business activities, and support for cross-border ventures. QFCA will assist IFOTP-referred companies in establishing or expanding in Qatar, aligning with its legal and regulatory framework.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-11•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) hosted a financial education event for secondary students on investment decision-making, featuring panels and expert talks. Representatives from the Central Bank, Banco de la Nación Argentina, and industry bodies covered capital market instruments, digital risk prevention, and financial technology. CNV President Roberto E. Silva emphasized the initiative's alignment with efforts to modernize Argentina's capital market.
Financial literacy & education Financial literacy and education
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2025-11-11•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission President Roberto E. Silva discussed fintech rulemaking at the Argentina Fintech Forum, focusing on frameworks for Virtual Asset Service Providers and the Tokenization Regime. Silva emphasized 100 general resolutions as milestones for modernizing and deregulating capital markets. Collaboration with the Central Bank of the Argentine Republic and the Financial Information Unit was noted, alongside public consultations with industry stakeholders.
Policy & regulation Rules & requirements
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2025-11-11•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
FINMA is taking enforcement actions after discovering manipulated VBV intermediary certificates, affecting about 100 examination certificates. It will remove affected untied intermediaries from the public register and assess further supervisory measures for potential financial market law violations. VBV, not supervised by FINMA, will restore compliance, inform affected individuals, and has filed a criminal complaint.
Enforcement Investigations & enforcement actions Other
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2025-11-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) reported pension system assets at approximately DOP 1.5 trillion, growing 13% annually, with a shift towards diversified investments. Superintendent Francisco A. Torres noted that since 2017, pension funds have expanded to sectors like hotels and renewable energy under approved risk criteria. Despite AFP-generated returns exceeding 50% of total worker account accumulations, low contribution density has prompted the introduction of complementary pension plans and enhanced digital engagement efforts.
Policy & regulation Implementation, projects & pilots Other
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2025-11-11•Vietnam•State Bank of Vietnam
Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam attended the 2025 Annual Vietnam Business Forum, stressing collaboration with the Banking Working Group on monetary policy, green transition, digital transformation, payments, and fintech. The forum highlighted the importance of green and digital transformation for competitiveness, efforts to develop a legal framework for green banking, and initiatives like Decree No. 94/2025/ND-CP for a banking sandbox. The focus includes enhancing smart infrastructure, IoT applications, and fintech supervisory capacity to support SMEs and green tech startups.
Policy & regulation Implementation, projects & pilots Climate risk and sustainable finance
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2025-11-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, led by Governor Nguyễn Thị Hồng, attended the Bank for International Settlements Governors’ meeting in Basel to discuss global economic and financial market developments. The SBV also engaged with the Basel Committee on implementing Basel III, focusing on internal ratings-based approach models and model risk supervision.
Policy & regulation International standards & recommendations Cross-border cooperation
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2025-11-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) appointed Doan Manh Tu as Deputy General Director of Vietnam Deposit Insurance (DIV) to strengthen its leadership amid efforts to pass a new Deposit Insurance Law. The draft law aims to expand DIV's mandate, including restructuring credit institutions and enhancing supervision of credit funds. DIV's chair highlighted the importance of reinforcing senior roles to implement the forthcoming framework.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-11•India•Securities & Exchange Board of India
The Securities and Exchange Board of India and the Investor Education and Protection Fund Authority held the third "Niveshak Shivir" in Amritsar to help shareholders reclaim unpaid dividends and unclaimed shares. Supported by market infrastructure institutions and registrar and transfer agents, the event provided end-to-end assistance to over 223 investors. SEBI and IEPFA plan similar events in other cities with significant unclaimed investor assets.
Financial literacy & education Other
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2025-11-11•South Korea•Bank of Korea
The Bank of Korea signed a memorandum of understanding with the Magyar Nemzeti Bank to enhance mutual exchange and cooperation.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-11•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi held a workshop for microfinance executives and auditors to address financial report irregularities, warning that inaccuracies could lead to severe sanctions. Reporting issues threaten sector stability, with erroneous data distorting risk assessments. The bank emphasized management and auditors' shared responsibility in ensuring accurate information for prudential oversight.
Supervision Interventions Accounting and financial reporting
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2025-11-11•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub's Project Tamga, led by the Hong Kong Centre, explores validating regulatory proofs like licenses across jurisdictions using existing internet infrastructure and security standards without new registry systems. The project employs "trust metadata" for proof verification, enabling real-time compliance checks while maintaining sovereignty and confidentiality.
Policy & regulation Implementation, projects & pilots Regtech and suptech
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2025-11-11•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements and the South African Reserve Bank announced the winners of the G20 TechSprint 2025 challenge, focusing on digital identity, credit data portability, and fraud and cyber-risk mitigation. Winners include Ownapay SA for digital identity, Silence Laboratories for credit data portability, and FNA and Proto for fraud and cyber-risk mitigation.
Policy & regulation Implementation, projects & pilots
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2025-11-11•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic announced that Governor Héctor Valdez Albizu received special recognition from the El Dinero Economic Forum for his contributions to economic development and stability. Valdez Albizu highlighted the central bank's technical capacity and the support of the Monetary Board and the President in maintaining independent monetary policy and navigating economic challenges.
Other
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2025-11-11•India•Insurance Regulatory and Development Authority of India
The Insurance Regulatory and Development Authority of India emphasized policyholder protection, focusing on grievance redressal and claims experience, while reinforcing the Insurance Ombudsman network's role as an independent dispute-resolution channel. The chair highlighted sector metrics, including premium collections exceeding INR 11.93 lakh crore and a high resolution rate for grievances. IRDAI plans to issue guidelines on appointing internal ombudsmen after reviewing feedback on its exposure draft.
Policy & regulation Guidance & interpretation Complaints and dispute resolution
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2025-11-11•Isle of Man•The Treasury (Isle of Man)
The Treasury of the Isle of Man has issued three General Licences under the Russia (Sanctions) (EU Exit) Regulations 2019, as applied in the Isle of Man b...
Policy & regulation Rules & requirements Sanctions list update
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2025-11-11•Europe•Single Resolution Board
The Single Resolution Board (SRB) released its bi-annual report to the Eurogroup, detailing updates on bank resolvability and operational readiness. Key topics include developments in the minimum requirement for own funds and eligible liabilities (MREL), simplification workstreams, and progress on the Crisis Management and Deposit Insurance (CMDI) package. The note also addresses efforts towards completing the Banking Union with a simpler framework.
Policy & regulation Implementation, projects & pilots Regulatory reporting
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2025-11-11•Barbados•Central Bank of Barbados
The Central Bank of Barbados announced the "BiMPay Walk" outreach event in Bridgetown to raise awareness about the national instant payment system, BiMPay, ahead of its March 2026 launch. On 14 November 2025, Bank teams will visit local businesses to explain BiMPay's functionality and benefits. This initiative follows previous engagements with financial and governmental stakeholders.
Financial literacy & education Payments and payment systems
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2025-11-10•Bahamas•Bahamas Securities Commission
The Securities Commission of The Bahamas issued a public notice warning that Huber Management Divisions (HMD) is not registered or licensed and may be conducting unauthorized activities. HMD falsely claims to be regulated by the Commission and appears to impersonate Huber Management Ltd., a legitimate entity. The Commission advises the public to verify authorizations and report concerns to its Enforcement Department.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-10•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority (SAMA) has licensed Tabby Finance for buy-now-pay-later (BNPL) activities, increasing the total number of SAMA-licensed finance companies to 68. SAMA emphasized the importance of engaging only with authorized financial institutions and directed stakeholders to its website for a list of licensed entities.
Supervision Authorisations & approvals Licence approval
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has penalized Agility Public Warehousing Company for breaching listing rules, following a review of its 2024 financial statements. The company failed to comply with International Financial Reporting Standard 9 and International Accounting Standard 36 by not recording an investment at fair value.
Enforcement Investigations & enforcement actions Accounting and financial reporting
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Sultan Center for Foodstuffs Company and its executives for breaching Listing and Corporate Governance Rules related to the 2024 financial statements. They failed to ensure accurate disclosures and used an unsound valuation report. Penalties include KD 10,000 for the company, KD 5,000 for the chair, vice chair, and board members, and KD 8,000 for the CEO and CFO.
Enforcement Investigations & enforcement actions Corporate governance
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 5,000 penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements. The company used promotional phrases and forward-looking expectations without an objective basis in a market disclosure to Boursa Kuwait Securities. The breach involved Clauses (4) and (5) of Article (4-6-3) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.
Enforcement Investigations & enforcement actions Disclosures
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority fined Iktib Holding Company and board members for breaches of disclosure, transparency, and corporate governance under Law No. 7 of 2010. Violations included non-disclosure of significant contracts and lawsuits, corporate governance shortcomings, and failures in risk and remuneration committee functions. Penalties totaled KWD 20,000 for Iktib Holding and varying amounts for board members, with the vice chairman and CEO fined KWD 40,000.
Enforcement Investigations & enforcement actions Corporate governance
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Kuwait & Middle East Financial Investment Company KWD 20,000 for breaching Capital Adequacy Instructions. The firm must increase its qualified regulatory capital to meet the 100% risk-based capital requirement, as its capital adequacy ratio fell to 32.48% as of 30 June 2025, below the required threshold since 31 December 2022.
Enforcement Investigations & enforcement actions Capital adequacy
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined EFG Hermes EVA Financial Brokerage Company and its internal audit officer for breaches in securities activities, business ethics, and corporate governance. The firm was fined KD 5,000 for each of three violations, including governance failures in outsourced services, discrepancies in order recording, and incorrect corporate governance reporting. The internal audit officer was fined KD 5,000 for inadequate audit reports in 2023 and 2024.
Enforcement Sanctions & designations Corporate governance
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Arabi Group Holding Company for failing to submit interim financial statements by the legal deadline, breaching listing rules. The violation pertains to Clause (1) of Article (1-16-1) of Module Twelve of the Executive Bylaws of Law No. 7 of 2010.
Enforcement Investigations & enforcement actions Accounting and financial reporting
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2025-11-10•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 5,000 fine on ACICO Industries Company for breaching disclosure and transparency requirements by failing to disclose a material agenda item to Boursa Kuwait Stock Exchange. The breach involved not disclosing a refund of provisions amounting to KD 7,221,988, violating Clause (26) of Article (4-1-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.
Enforcement Investigations & enforcement actions Disclosures
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2025-11-10•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo stressed the need for stronger governance, ethics, data protection, and supervisory controls as AI adoption grows in the financial sector. Governor Ahmet Ismaili highlighted AI-related risks and noted the bank's Regulation on Information Systems and Cyber Risk Management and its Cybersecurity Strategy for 2025–2028. The speech referenced studies on AI's potential to enhance analytics and decision-making, emphasizing regulation and the role of accountants and auditors in maintaining ethical standards.
Policy & regulation Guidance & interpretation Artificial intelligence
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2025-11-10•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported remittance inflows of USD 9,878.4 million from January to October 2025, a 10.8% increase from the previous year, with full-year remittances expected to exceed USD 11,700 million. The Dominican peso depreciated by 5.0% against the US dollar as of October 31, 2025, while international reserves were USD 14,640.2 million, equivalent to 11.4% of GDP. The central bank will monitor economic conditions to support price stability and the foreign exchange market.
Data & statistics Balance of payments and other external statistics
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2025-11-10•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg reported that employment in Luxembourg credit institutions totaled 26,234 as of 30 September 2025, a decrease of 160 from the previous quarter and 12 year on year. The full time series is available on the BCL website.
Data & statistics Activity and performance reporting
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2025-11-10•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and Bank Indonesia are committed to fostering an innovative, inclusive digital finance ecosystem while enhancing security and consumer protection. OJK Commissioner Juda Agung noted rapid digitalization, significant mobile phone ownership, and increased digital financial activities. Authorities address rising cybercrime risks by strengthening security standards and using AI and machine learning for detection and prevention, supported by tools like the Indonesia Anti-Scam Centre and the Financial System Stability Committee.
Policy & regulation Cooperation Fintech and insurtech Supervision process and methodologies
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2025-11-10•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) concluded the 2025 Islamic Finance Expo and Seminar (EKSiS) in Jakarta, highlighting efforts to enhance sharia financial literacy and inclusion. The event featured participation from 37 sharia financial services businesses and recorded 12,893 visitors and 9,489 account openings.
Financial literacy & education Financial literacy and education
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2025-11-10•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine’s National Commission on Securities and Stock Market approved a revised draft decision updating rules for share issuance and registration. Key changes include aligning procedures with administrative legislation, introducing issuer questionnaires for the Central Securities Depository, and streamlining annexes from 50 to 27. The new regulation is open for discussion.
Policy & regulation Rules & requirements Securities offerings and listings
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2025-11-10•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market will review two draft decisions on 11 November concerning Real Estate Transaction Fund (FON) certificates and property management activities. The first draft proposes regulations for issuing, circulating, and registering FON certificates, while the second draft amends capital market regulations to define operating reserve requirements for property management activities.
Policy & regulation Rules & requirements Other
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2025-11-10•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets announced the reappointment of Hanzo van Beusekom for a third term as an AFM board member, effective 1 June 2026. Van Beusekom will assume supervision of the retail market and asset management from September 2026, succeeding Jos Heuvelman. The AFM Supervisory Board will begin recruiting a new board member for capital markets and accountancy.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-10•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) announced that board member Jos Heuvelman will leave the board at the end of his second term on 1 September 2026, but will remain affiliated for an additional year to focus on international work. Heuvelman has overseen retail market supervision and asset management at AFM since 2018 and holds roles with the European Securities and Markets Authority and other financial initiatives.
Institutional development Leadership change & appointments Leadership change and appointments
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2025-11-10•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus, in collaboration with the Ministry of Education, Sports and Youth, conducted educational workshops for sixth-grade students in Nicosia to celebrate World Savings Day. The initiative, part of the bank's broader financial literacy efforts, featured activities on savings and financial planning. The CBC plans to continue partnering on initiatives to enhance financial literacy.
Financial literacy & education Financial literacy and education
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2025-11-10•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) revoked PT Crowde Membangun Bangsa's business licence for breaching minimum equity and other regulations, impacting operations. This follows escalating sanctions and a failed re-assessment of Yohanes Sugihtononugroho, now barred from key financial roles. Crowde must cease online lending, preserve assets, settle obligations, and initiate liquidation.
Supervision Authorisations & approvals Crowdfunding
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2025-11-10•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Monetary Authority of Singapore (MAS) have updated their memorandum of understanding to enhance cooperation in financial technology. The agreement extends their 2018 arrangement, focusing on innovation in digital financial assets and artificial intelligence. It includes exchanges of ideas, supervisory practices, and cross-border information sharing for FinTech firms.
Policy & regulation Cooperation Fintech and insurtech Cross-border cooperation
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2025-11-10•Indonesia•OJK
Indonesia's Financial Services Authority (OJK), with the Ministry for the Protection of Indonesian Migrant Workers (KP2MI) and Bank Indonesia, launched a financial literacy pocketbook for migrant workers. The initiative aims to enhance financial management and protection for migrant workers, whose remittances significantly contribute to financial inclusion. Plans include expanding financial education outreach to various regions and integrating guidance into Pre-Departure Orientation.
Financial literacy & education Financial literacy and education
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2025-11-10•Ireland•Central Bank of Ireland
The Central Bank of Ireland has initiated a consumer awareness campaign highlighting evolving fraud techniques, particularly on social media and digital channels. The campaign warns of tactics such as fake comparison websites, fraud recovery schemes, and the use of artificial intelligence for creating deepfakes and realistic ads. Consumers are urged to verify offers, scrutinize ads, and report scams to the Central Bank or An Garda Síochána.
Financial literacy & education Fraud and scams