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2025-11-07•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced the conviction of finfluencer Mr. Chau Pak Yin by the Eastern Magistrates’ Court for providing paid investment advice without a licence via a Telegram chat group. Chau received a six-week custodial sentence and was ordered to pay investigation costs, marking the first custodial sentence for such conduct by the SFC under sections 114(1)(a) and 114(8) of the Securities and Futures Ordinance.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2025-11-07•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance detailed its tax reform bill, financing tools, energy developments, and macroeconomic metrics. Deputy Minister Nikos Papathanasis projected 2.2% growth for 2025 and 2.4% GDP increase for 2026, with major budget allocations for public investment and development programs. The update included SME support, housing measures, and upcoming steps like the sixth Recovery Fund disbursement and new EU Just Transition Mechanism investment plans.
Policy & regulation Implementation, projects & pilots Other
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2025-11-07•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance proposed amendments to a tax reform bill, expanding eligibility for a 50% reduction in minimum net income assessments, extending the phased abolition of ENFIA, and broadening access to a EUR 130 monthly border-area allowance. The amendments target regions like Western Macedonia and border municipalities. Additionally, the minister presented dividend-tax figures to justify maintaining the 5% rate, highlighting increased declared income and tax revenue.
Policy & regulation Rules & requirements Other
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2025-11-07•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance introduced a tax reform bill to address demographic pressures and support middle-income households, costing EUR 1.76 billion in the first year. Key measures include reduced personal income tax rates, family incentives, and cuts to property and indirect taxes, like a 50% ENFIA reduction from 2026 and a 30% VAT cut for certain islands. Additional provisions offer tax exemptions for young individuals and new mothers, plus incentives for strategic business spending and electronic payments.
Policy & regulation Rules & requirements
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2025-11-07•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance and Romania’s Finance Ministry discussed enhancing bilateral coordination on connectivity, energy cooperation, and the EU economic agenda. Key topics included simplifying European procedures, the Multiannual Financial Framework, and tax and customs cooperation. The meeting underscored significant bilateral trade, energy security initiatives, and Greece's support for Romania's Schengen and OECD integration efforts.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-07•Global•International Financial Reporting Standards Foundation
The ISSB will develop new disclosure requirements on nature-related risks and opportunities, using the Taskforce on Nature-related Financial Disclosures framework. This aims to enhance investor information beyond current IFRS S1 and S2 standards. The ISSB will determine its approach, potentially including new guidance or standards, with an Exposure Draft expected by October 2026.
Policy & regulation Rules & requirements Climate risk and sustainable finance
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2025-11-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites, phishing emails, and fake banking screens linked to Shanghai Commercial Bank Limited and Chong Hing Bank Limited. The HKMA emphasized that banks will not request sensitive information via SMS, email, or phone. Affected individuals should contact their bank and report to the Hong Kong Police Force.
Supervision Alerts Fraud and scams
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2025-11-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority's third quarter 2025 survey indicates that credit conditions for Small and Medium-Sized Enterprises (SMEs) remained broadly stable. However, 59% of SMEs perceived banks' credit approval stance as "similar" or "easier" than six months ago, down from 65% in the previous quarter, while 41% found it "more difficult," up from 35%. The HKMA noted potential fluctuations due to small sample sizes for SMEs with existing credit lines and new credit applications.
Data & statistics Economic data and developments
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2025-11-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported an increase in Hong Kong's foreign currency reserve assets to USD 426.0 billion at the end of October 2025, up from USD 419.1 billion in September. No unsettled foreign exchange contracts were recorded at the end of October, compared to USD 0.3 billion in September. The reserves cover over five times the currency in circulation and approximately 37% of the Hong Kong dollar M3.
Data & statistics Balance of payments and other external statistics
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2025-11-07•Latin America•Financial Action Task Force of Latin America (GAFILAT)
GAFILAT's Asset Recovery Network (RRAG) joined the inaugural MENAARIN meeting in Jeddah, Saudi Arabia. MENAARIN seeks to enhance coordination among member states to address illicit assets related to corruption, money laundering, and organized crime. The meeting emphasized strengthening cross-regional cooperation and aligning with FATF standards.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-07•Belgium•National Bank of Belgium
The National Bank of Belgium announced changes to its macroprudential capital framework for 2026, reducing overall capital requirements for mortgage exposures by integrating the mortgage-specific buffer into a broader countercyclical capital buffer. The countercyclical buffer will increase from 1% to 1.25% on 1 July 2026, while the dedicated mortgage buffer will be abolished, lowering total capital requirements from EUR 3.9 billion to EUR 3.3 billion. This adjustment reflects improved lending quality and reduced vulnerabilities in mortgage portfolios.
Policy & regulation Rules & requirements
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2025-11-07•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria released videos on euro coins featuring Bulgaria’s national side, circulating from 1 January 2026. Euro coin starter kits will be available from 1 December 2025, priced at BGN 20 for individuals and BGN 200 for businesses, sold through the National Bank, Bulgarian Posts, and banks. Train-the-trainer sessions are also being conducted to align with European Central Bank standards.
Financial literacy & education Currency and cash management
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2025-11-07•Global•Bank for International Settlements
The BIS Committee on Payments and Market Infrastructures and IOSCO released a Level 3 report on FMIs' management of business risks. It highlights concerns about FMIs' liquid net assets funded by equity for potential losses. A consultative report suggests supplemental guidance on recovery and orderly wind-down planning.
Policy & regulation Guidance & interpretation Market infrastructure
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2025-11-07•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 has issued guidance on the "Stop-credit" service, allowing individuals to block bank loans and microloans to prevent fraud. Accessible via the egov.kz portal and eGov mobile app, it adds a refusal marker to credit histories, prompting banks and microfinance organizations to deny credit applications. The restriction can be lifted anytime but does not apply to pawnshops and entities not using credit bureau data.
Policy & regulation Guidance & interpretation Lending
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2025-11-07•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 the appointments of Olga Vladislavovna Yugai and Karlygash Tlekovna Raikhanova to the executive body of KMF Bank JSC. The consent was granted under protocols No. 87/БВУ/Т and No. 88/БВУ/Т dated October 2025.
Supervision Authorisations & approvals Licence approval
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2025-11-07•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 signed a memorandum with Abai Kazakh National Pedagogical University to enhance financial literacy among students. Activities will include lectures, webinars, and seminars on topics like personal budgeting and investment basics. The agency has established similar partnerships with other educational institutions across the country.
Financial literacy & education Capacity building
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2025-11-07•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warns about a Telegram group, "LeaderFatima_Vawda," falsely claiming ties to 27Four Investment Managers and its Managing Director, Ms Fatima Vawda. The group solicits funds with unrealistic return promises and lacks authorisation to provide financial services. The FSCA advises verifying authorisation status and exercising caution with social media investment offers.
Supervision Alerts Fraud and scams
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2025-11-07•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned about impersonators falsely claiming to represent Cuthman Capital (Pty) Ltd and its chief operating officer. These individuals use Telegram accounts to mislead the public by fraudulently associating themselves with Financial Services Provider number 51205. The FSCA advises verifying the authorisation status of financial services providers through its toll-free line or online register searches.
Supervision Alerts Fraud and scams
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2025-11-07•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia, in collaboration with the Ministry of Finance, launched financial literacy projects for children and young people, focusing on digital financial education. The initiatives, Masters of the Digital Future and Bodi FIN, will culminate in international and national events in May and March, respectively.
Financial literacy & education Financial literacy and education
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2025-11-07•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
Central Bank of Bosnia and Herzegovina Governor Jasmina Selimovic met with US Embassy Chargé d’Affaires John Ginkel to discuss cooperation and financial sector reforms. The meeting emphasized the domestic economy's resilience, supported by a stable monetary framework and currency board arrangement. Ginkel praised the central bank's transparency and reaffirmed US support for initiatives to strengthen the financial system and economic development.
Policy & regulation Cooperation Domestic cooperation
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2025-11-07•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) attended the “Insurance and Ecological Transformation: Towards COP-30” seminar in São Paulo, discussing insurance and pensions in Brazil’s ecological transition. Topics included developing a green taxonomy, expanding coverage for extreme climate events, and the insurance sector's investment under Law No. 15.042. Superintendent Alessandro Octaviani emphasized a long-term strategy integrating insurance with civil defence and public financing to mitigate climate catastrophe impacts.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-07•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam's Business Sentiment Index for September 2025 showed slightly weaker sentiment, with the Current Business Conditions sub-index at 49.9. The decline was due to weak customer demand and a slowdown post-project completion, partially offset by seasonal factors and firm-level initiatives. Investment expectations were marginally positive, while employment remained stable but cautious, and costs increased slightly.
Data & statistics Economic data and developments
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2025-11-07•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) attended the International Organisation of Pension Supervisors (IOPS) and Global Forum on Private Pensions meetings in Istanbul to enhance Brazil's role in international pension discussions. PREVIC's Director for Standards, Alcinei Rodrigues, participated in the IOPS Executive Committee meeting, which approved guidelines for private pension supervision. PREVIC also held bilateral meetings with counterparts from China, India, South Africa, Angola, and Mozambique.
Supervision Cooperation Cross-border cooperation
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2025-11-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported an increase in gross reserves to USD 71,550 million and the international liquidity position to USD 69,364 million as of 31 October 2025. Gold reserves rose to USD 16,210 million, while foreign exchange reserves increased to USD 48,839 million. The rise in reserves was due to a higher US dollar gold price, foreign exchange purchases, and asset price movements, partially offset by government foreign exchange payments.
Data & statistics Balance of payments and other external statistics
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2025-11-07•South Africa•South African Reserve Bank
The South African Reserve Bank's monthly statement of assets and liabilities reported a balance sheet total of ZAR 1.3 trillion as of 31 October 2025, an increase of ZAR 34.6 billion from the previous month. This rise was primarily due to higher gold and foreign assets, with notable increases in gold and foreign exchange reserves. On the liabilities side, bank deposits and notes and coin in circulation also saw significant increases.
Data & statistics Balance of payments and other external statistics
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2025-11-07•South Africa•South African Reserve Bank
The South African Reserve Bank's Prudential Authority sanctioned Discovery Bank Limited for non-compliance with the Financial Intelligence Centre Act 38 of 2001, following a 2021 inspection. Sanctions include four cautions and a ZAR 3 million penalty, with ZAR 1 million conditionally suspended. Non-compliance areas include delayed suspicious transaction reporting, inadequate employee training, failure to address transaction alerts promptly, and RMCP documentation deficiencies.
Enforcement Investigations & enforcement actions AML and CFT
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2025-11-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported an increase in Gross International Reserves (GIR) to USD 109.7 billion at end-October 2025, up from USD 109.1 billion at end-September 2025. The GIR level covers 7.3 months of imports and 3.7 times the short-term external debt. These reserves include foreign-denominated securities, foreign exchange, and gold, serving as a buffer for external liquidity needs.
Data & statistics Balance of payments and other external statistics
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2025-11-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported growth in the banking sector for the first half of 2025, with total assets rising 7.7% year on year to PHP 28.2 trillion and profits increasing 4.1% to PHP 198.1 billion. The report highlighted stable domestic deposits, strong liquidity, and capital buffers, alongside satisfactory asset quality. It also covered strategic initiatives in credit information, anti-money laundering, digital retirement savings, and financial cyber resilience.
Data & statistics
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2025-11-07•British Virgin Islands•British Virgin Islands Financial Services Commission
The British Virgin Islands Financial Services Commission updated its guidance and filing template for beneficial ownership information to address industry challenges and reduce rejected filings. Changes include improved template usability, expanded guidance for correcting rejections, and streamlined error messages. Additionally, the expiry period for filing links has been extended to 31 March 2026, providing extra access time beyond the standard period.
Policy & regulation Guidance & interpretation Regulatory reporting
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2025-11-07•Serbia•National Bank of Serbia
The National Bank of Serbia reported that its RTGS and Clearing systems processed 19.2 million payments in October 2025 with 100% availability. RTGS handled 94.5% of transactions, totaling RSD 20,175.4 billion, while the Clearing system processed 5.5%, totaling RSD 26.9 billion. The Interbank and International Foreign Exchange Clearing Systems processed EUR 155.98 million, also maintaining 100% availability.
Data & statistics Activity and performance reporting
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2025-11-07•Serbia•National Bank of Serbia
The National Bank of Serbia released October statistics for the IPS NBS 24/7/365 instant payments system, noting an average daily volume of 323,725 payments and a transaction execution time of 1.0 second. Total turnover reached RSD 128.7 billion, with an average daily turnover of RSD 4,151.9 million.
Data & statistics Financial and market indicators
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2025-11-07•Europe•European Central Bank
The European Central Bank released a redacted report on the February 2025 disruption of TARGET2 and TARGET2-Securities, detailing a 20-measure action plan to enhance resilience. The disruption was due to a critical hardware failure and its redundancy mechanism, prompting business continuity measures. The ECB will integrate findings into the annual T2S audit and maintain updates to the European Parliament.
Policy & regulation Implementation, projects & pilots Operational risk and resilience
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2025-11-07•Europe•European Central Bank
The European Central Bank (ECB) integrates climate change risks into its collateral framework through the credit risk channel, requiring climate-related risks in credit ratings for collateral eligibility. Currently, 69% of in-house ratings include climate risk assessments, affecting less than 4% of ratings, with limited changes. The ECB plans to refine methodologies and address data gaps, emphasizing robust climate-related disclosures under the Corporate Sustainability Reporting Directive.
Policy & regulation Implementation, projects & pilots Climate risk and sustainable finance
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2025-11-07•Europe•European Central Bank
The European Central Bank's weekly financial statement shows a decrease in total assets and liabilities to EUR 6,156,666 million, driven by reduced monetary policy lending and a decline in securities held for monetary policy purposes. Lending to euro area credit institutions fell by EUR 3,212 million, while deposit facility balances increased by EUR 56,018 million. The shift in euro area bank liquidity from current accounts to the deposit facility contributed to the contraction.
Data & statistics Balance of payments and other external statistics
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2025-11-07•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission, through Capital Markets Malaysia, released the Sustainable Batik Disclosure Guide to aid batik artisans in ESG data disclosure. Launched at the Batik Lestari Festival, it outlines 34 ESG disclosures aligned with sustainability standards and includes sector-specific steps for the batik industry. A memorandum with the Malaysian Handicraft Development Corporation aims to enhance ESG practices and market competitiveness for batik producers.
Policy & regulation Guidance & interpretation ESG
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2025-11-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has initiated a public consultation on a draft rule to align Brazilian accounting standards with International Accounting Standards Board (IASB) standards, effective 1 January 2026. The proposal mandates updates to CPC Technical Pronouncements, including changes to IFRS 9 and IFRS 7, and adjustments to carbon credits and emission allowances guidance. No regulatory impact assessment was conducted due to exemptions under Decree 10.411/20.
Policy & regulation Rules & requirements Accounting and financial reporting
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2025-11-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM), with the Ibero-American Institute of Securities Markets and Spain's National Securities Market Commission, hosted an event in São Paulo on sustainable finance taxonomies and their role in capital mobilization for sustainable development. The event introduced new Taxonomy Interoperability Principles developed with international organizations. CVM officials emphasized the Brazilian Sustainable Taxonomy and CVM Resolution 193, supporting voluntary sustainability reporting based on ISSB standards.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-07•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission announced the removal of Ahmad Hussain Al-Sharaa and Anas Hasan Khattab from the UK ISIL (Da'esh) and Al-Qaida sanctions list, effective in the Bailiwick of Guernsey. This follows the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020. Further details on asset freezes and related issues are available on the States of Guernsey sanctions webpage.
Enforcement Sanctions & designations Sanctions list update
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2025-11-07•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD123.8 billion as of 31 October 2025. These reserves are sufficient to finance 4.8 months of imports and cover 0.9 times the total short-term external debt, which is primarily due to resident banks' foreign currency operations and multinational companies' overseas borrowings.
Data & statistics Balance of payments and other external statistics
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2025-11-07•Albania•Albania Financial Services Authority
The Albania Financial Services Authority reported on a meeting with the International Monetary Fund, discussing non-bank financial markets, supervisory policies, and regulatory reforms. Key performance indicators showed significant growth in insurance premiums, investment funds, and private pension funds in 2025. The Authority noted progress in aligning with EU financial services regulations and highlighted the upcoming Financial Sector Assessment Program in 2026.
Policy & regulation Cooperation Other
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2025-11-07•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia renewed its Memorandum of Understanding with Maybank International Holdings to enhance cooperation for Cambodia's capital market growth. The updated MoU focuses on capacity building, regulatory expertise sharing, and technical collaboration.
Policy & regulation Cooperation Cross-border cooperation Market development
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2025-11-07•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan co-hosted the Nakhchivan Regional Bank Forum to discuss regional banking development and financial inclusion. Deputy Chairman Toghrul Aliyev highlighted growth in the national credit portfolio and regulatory measures for macroeconomic stability. The forum also addressed the economic outlook and banking infrastructure expansion in Nakhchivan, discussing sector development and cooperation opportunities.
Policy & regulation Cooperation Other
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2025-11-07•Global•Network for Greening the Financial System
The Network for Greening the Financial System (NGFS) released explanatory notes to enhance clarity and usability of its long-term climate scenarios, addressing user feedback for greater transparency. The notes provide detailed analyses of the NetZero 2050, Current Policies, and Fragmented World scenarios, and include insights on energy investments and physical risks, utilizing the updated Climate Impact Explorer.
Policy & regulation Guidance & interpretation Climate risk and sustainable finance
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2025-11-07•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said officials from its Superintendency of Banks attended an international seminar in Colombia on combating money laundering and transnational crime. The Paraguayan delegation presented the country’s anti money laundering and terrorism financing policies and progress as part of GAFILAT’s intensified follow-up after the latest mutual evaluation.
Policy & regulation Cooperation AML and CFT Cross-border cooperation
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2025-11-07•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation announced Dataswyft as the winner of the Global vLEI Hackathon for its solution using the verifiable Legal Entity Identifier to enhance MSME financing, while AEOTrade (Beijing) Technology Co., Ltd. was runner-up with its blockchain-integrated model for securing electronic bills of lading.
Other SME financing
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2025-11-07•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a warning about the website https://hugosway.com, operated by Hugo's Way, which lacks authorization under the Virtual Asset Service Providers Act, 2024, and the Securities Act, 2007. The company was dissolved as of 1 April 2025 and is no longer a legal entity. The FSA advises due diligence before engaging with entities and disclaims liability for interactions with the site.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-07•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission will lead the sixth nationwide Investor Protection Week from 8 to 14 November, focusing on investor education to enhance financial decision-making and protection against scams. Activities include a Run for Financial Literacy and events at the SEC headquarters in Makati City, with participation from government and private-sector partners. This initiative aligns with the International Organization of Securities Commissions’ World Investor Week.
Financial literacy & education Consumer and investor protection Financial literacy and education
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2025-11-07•Global•IOSCO
The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions released reports on financial market infrastructures' management of business risks and losses. The assessment reveals serious concerns about liquid net assets funded by equity and deficiencies in recovery and wind-down planning. Proposed guidance aims to enhance risk management by FMIs and relevant authorities.
Policy & regulation Guidance & interpretation Market infrastructure
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2025-11-07•Russia•Central Bank of Russia
The Central Bank of Russia concluded its regular assessment of the Mir payment system, determining it largely adheres to the Bank's risk management recommendations for payment systems.
Supervision Reviews, inspections & stress tests Payments and payment systems Risk management
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2025-11-07•Poland•Central Bank of Poland
The Central Bank of Poland reported its official reserve assets at EUR 228.0bn (USD 264.0bn) as of the end of October 2025, marking an increase of EUR 4.7bn and USD 1.5bn from the previous month. Reserve management focuses on safety and liquidity, with investments primarily in Treasury securities, non-government debt securities, global equity funds, and short-term deposits at highly rated banks.
Data & statistics Balance of payments and other external statistics
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2025-11-07•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission has mandated Samchai Steel Industries Public Company Limited to rectify and audit its 2024 and Q2 2025 financial statements due to inventory accounting issues and sales below cost. The special audit revealed non-compliance with financial reporting standards, affecting inventory records and cost accuracy. SAM must disclose the revised statements and rectification report via the Stock Exchange of Thailand’s SETLink by 8 December 2025.
Supervision Interventions Accounting and financial reporting Auditing
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2025-11-07•Iceland•Central Bank of Iceland
The Central Bank of Iceland has started publishing constant maturity interest rates based on Icelandic Treasury bond yields, offering daily benchmarks for three, five, and ten-year maturities on both indexed and nominal bonds. These rates, available by 11:00 each business day, include a daily par yield curve rate and zero-coupon rates, using a new methodology aligned with international practices.
Data & statistics Financial and market indicators
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2025-11-07•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation announced Dataswyft as the winner of the Global vLEI Hackathon for its solution using verifiable Legal Entity Identifier (vLEI) to enhance MSME financing, with AEOTrade (Beijing) Technology Co., Ltd. as runner-up for its blockchain-integrated model. Over 110 global submissions showcased vLEI's potential to improve identity verification and trust in cross-border trade.
Other SME financing
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2025-11-07•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation announced Dataswyft as the winner of the Global vLEI Hackathon for its solution using verifiable Legal Entity Identifier (vLEI) to enhance MSME financing, while AEO Trade (Beijing) Technology Co., Ltd. was the runner-up for integrating vLEI with blockchain to secure electronic bills of lading. GLEIF received over 110 submissions, highlighting vLEI's potential to streamline cross-border workflows.
Policy & regulation Implementation, projects & pilots
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2025-11-07•United Kingdom•HM Treasury
The Payments Vision Delivery Committee, chaired by HM Treasury, released a Strategy for Future Retail Payments Infrastructure to advance UK retail payments under the National Payments Vision. It outlines five strategic outcomes, emphasizing account-to-account payments at point of sale, enhanced cross-border interoperability, and robust fraud protection. A multi-year programme will be led by the Bank of England's Retail Payments Infrastructure Board, with industry collaboration for implementation and oversight.
Policy & regulation Reform agendas & priorities Payments and payment systems
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2025-11-07•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority will review Bankgirocentralen BGC AB's compliance with Sweden’s security protection regulatory framework. The investigation is part of the authority’s 2025 focus on ensuring banks and financial firms can operate securely in uncertain environments. The review emphasizes the Security Protection Act's requirements for security protection agreements to safeguard security-sensitive operations.
Supervision Reviews, inspections & stress tests Operational risk and resilience
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2025-11-07•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick issued a warning that Enterprise2u is not registered to deal or advise in securities or derivatives in the province. Investors are advised to avoid unregistered firms due to potential lack of protections and to use the Commission's resources for guidance on crypto asset trading platforms.
Supervision Alerts Unlicensed or unauthorized activity
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2025-11-07•Hungary•National Bank of Hungary
Governor Mihály Varga of the National Bank of Hungary stressed at the Hungarian-Polish Central Bank Conference that reducing inflation expectations and maintaining price stability are crucial for Central and Eastern European countries. He advocated for a stability-oriented monetary policy to achieve sustainable inflation targets and highlighted the role of forint stability in disinflation. Varga also emphasized cooperation and knowledge-sharing between Hungarian and Polish central banks to reinforce stability and support growth.
Monetary policy Monetary policy assessments & outlooks Monetary policy decisions and developments Domestic cooperation
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2025-11-07•Global•Network for Greening the Financial System
The Network for Greening the Financial System released explanatory notes to enhance the clarity and usability of its long-term climate scenarios. These notes address user feedback for increased transparency on the assumptions and narratives of the NGFS scenarios, aiming to support deeper understanding and broader application.
Policy & regulation Guidance & interpretation Climate risk and sustainable finance
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2025-11-07•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation updated its Consumer Compliance Examination Manual, altering the examination frequency schedule for FDIC-supervised financial institutions. Institutions are now placed on a 66–78 month, 54–66 month, or 24–36 month cycle based on asset size, with mid-point risk analyses for those on longer cycles. More frequent supervision applies to institutions with adverse ratings.
Policy & regulation Guidance & interpretation Supervision process and methodologies
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2025-11-07•United States•Federal Reserve Board
Federal Reserve Governor Stephen I. Miran warned that rapid growth in USD-denominated stablecoins could lead to a "global stablecoin glut," impacting monetary policy by increasing demand for U.S. Treasury bills and other liquid USD assets. The GENIUS Act establishes a regulatory framework requiring U.S. issuers to hold one-to-one reserves in safe USD assets. Miran highlighted potential effects on interest rates and the U.S. current account deficit, while questioning stablecoin impacts on monetary policy transmission and global dollar usage.
Monetary policy Monetary policy assessments & outlooks Stablecoins
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2025-11-07•United States•Federal Reserve Board
Federal Reserve Vice Chair Philip N. Jefferson discussed AI's uncertain impact on employment, inflation, and monetary policy, noting productivity gains and potential job displacement. He highlighted moderate U.S. economic growth and a cooling labor market, with inflation similar to last year. Jefferson supported a recent 25 basis point rate cut, emphasizing a data-dependent approach amid limited statistics due to the government shutdown.
Monetary policy Monetary policy assessments & outlooks Artificial intelligence
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2025-11-07•Albania•Bank of Albania
The Bank of Albania, with the Reinventing Bretton Woods Committee, will host a high-level scientific conference on 11 November 2025 for its 100th anniversary. Central bank governors, international financial institution representatives, and academics will discuss challenges for small open economies and emerging markets amid geopolitical shifts and financial innovation. Key topics include global trade openness, monetary policy, digital finance, and the euro area's role in a multipolar economic order.
Other
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2025-11-07•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets issued Board decisions on capital markets authorisations and supervisory actions, including approving DAAC-AUTO LLC’s voluntary takeover offer and registering share capital increases for CARIERA ȘAPTEBANI JSC and DACIA-LV JSC. The Board set the 2026 fee schedule, rejected a suspension request from ÎM CIA TRANSELIT SA, and dismissed SRL INCONARM’s complaint. It also provided insurance compliance recommendations and initiated an investigation into a cryptocurrency launch in Moldova.
Supervision Authorisations & approvals Securities offerings and listings
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2025-11-07•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) settled with William Brent Meikle and Hit TV Brands Inc., requiring nearly CAD 4.2 million for fraud, misrepresentations, and illegal securities distributions. The misconduct involved misuse of investor funds and unauthorized securities distributions between February 2018 and December 2019. Meikle and Hit TV face permanent market bans, with a limited exception for Meikle to trade in his own account through a registered dealer.
Enforcement Investigations & enforcement actions Fraud and scams
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2025-11-07•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has issued regulations detailing how General Fund Managers and other registered entities must submit information for supervisory purposes under General Rule No. 526. The regulations introduce new reporting requirements, covering business volume, customer numbers, equity, and crypto risk-weighted assets. An FAQ and related documents are available on the CMF website.
Policy & regulation Rules & requirements Regulatory reporting
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2025-11-07•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has approved the registration of platinum and palladium futures and options by the Guangzhou Futures Exchange. It will oversee the exchange's preparatory work to ensure a smooth launch and stable operation.
Policy & regulation Rules & requirements Licence approval
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2025-11-07•Argentina•Argentina Securities Commission (CNV)
At the First NOA Capital Markets Symposium, CNV Vice-President Sonia Salvatierra outlined plans to modernize capital markets rules and expand participation. Key initiatives include tokenization, regulation of virtual asset service providers, an Automatic Public Offering framework, and simplifying regulations. The program aims to streamline issuance processes, enhance SME financing access, and implement a CNV-approved financial education program.
Policy & regulation Reform agendas & priorities Market development Financial literacy and education
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2025-11-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president, Roberto E. Silva, highlighted the CNV's pioneering regulatory work on asset tokenisation and Publicly Offered Securities and Assets (PSAVs) at the Latin American Bitcoin & Blockchain Conference. Silva emphasized the CNV's efforts to modernize capital markets by developing a framework for PSAV regulation, balancing innovation with investor protection.
Policy & regulation Rules & requirements Fintech and insurtech Blockchain and distributed ledger technology
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2025-11-07•Global•Bank for International Settlements - Committee on Payments and Market Infrastructures
The Bank for International Settlements’ Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions released a report proposing supplemental guidance to the Principles for Financial Market Infrastructures on managing business risks and losses, including recovery and wind-down scenarios. The report clarifies the scope of these risks, provides guidance on governance and transparency, and invites comments by 6 February 2026.
Policy & regulation Guidance & interpretation Operational risk and resilience
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2025-11-07•Global•Bank for International Settlements - Committee on Payments and Market Infrastructures
The Bank for International Settlements' Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions issued a Level 3 assessment revealing significant issues in how 34 financial market infrastructures across 27 jurisdictions implement Principle 15 of the Principles for Financial Market Infrastructures on general business risk. The review highlights weaknesses in determining liquid net assets funded by equity, recovery and wind-down plans, and the management of general business risk, with a consultative report published for further guidance.
Policy & regulation Peer reviews and country evaluations Market infrastructure
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2025-11-07•Global•Bank for International Settlements - Committee on Payments and Market Infrastructures
The Bank for International Settlements Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions released a report highlighting serious concerns in financial market infrastructures' management of general business risks and liquid net assets funded by equity. A consultative report proposes guidance to address these issues, with comments due by 6 February 2026.
Policy & regulation Guidance & interpretation Market infrastructure
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2025-11-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has amended its framework for payment intermediary services, enhancing e-wallet requirements, safety controls, and information-sharing rules. Key changes include increased transaction limits, mandatory biometric verification, and expanded provider responsibilities for customer information accuracy and reporting. Providers can choose settlement measures, such as a dedicated guarantee account, to ensure service capacity.
Policy & regulation Rules & requirements Payments and payment systems
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2025-11-07•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance participated in the XII Insurance Conference in Buenos Aires, focusing on the transition of the insurance business amid disinflation. General Coordination Manager Valeria Hirschhorn discussed the regulator’s perspective on market challenges and opportunities. The event facilitated technical dialogue among industry stakeholders to enhance sector cooperation and market transparency.
Policy & regulation Cooperation Other
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2025-11-07•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs highlighted Chairman Tim Scott's leadership on economic opportunity, financial literacy, and housing affordability, noting recent achievements including a comprehensive housing bill and the ROAD to Housing legislation. The committee also established a digital assets subcommittee and co-sponsored a law for the first U.S. regulatory framework for payment stablecoins.
Policy & regulation Reform agendas & priorities Leadership change and appointments
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2025-11-07•Global•Financial Action Task Force
The Financial Action Task Force (FATF) and GIABA held their annual Joint Experts Meeting in Accra, Ghana, with over 270 experts from more than 40 countries discussing money laundering and terrorist financing risks. Topics included fraud, terrorist financing, and trade-based financial crimes, with input from 73 private-sector participants to enhance public-private partnerships. Insights will inform FATF's ongoing work for the February 2026 Plenary and GIABA's project on trade-based financial crimes due November 2026.
Policy & regulation Cooperation
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2025-11-07•Europe•Council of Europe
The Council of Europe’s MONEYVAL published its 2024 annual report, noting progress in implementing international anti-money laundering and counter-terrorist financing standards, but identifying significant shortcomings in asset confiscation and financial intelligence use. The report highlights 193 technical compliance upgrades and nine downgrades, mainly related to new product and technology risks. MONEYVAL completed its 5th round assessments and launched the 6th round in 2024, with Latvia's report adopted in June 2025.
Policy & regulation Peer reviews and country evaluations AML and CFT Supervision process and methodologies
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2025-11-07•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury announced the UN Security Council has removed Anas Hasan Khattab and Ahmed Al-Sharaa from the ISIL and Al-Qaida sanctions list, lifting their asset freeze. The sanctions regime is enforced in the Isle of Man through the ISIL and Al-Qaida (UN Sanctions) (EU Exit) Regulations 2019 and the Sanctions (Implementation of UK Sanctions) Regulations 2024. The Treasury emphasized firms must freeze assets immediately if a person matches the UK Sanctions List and report suspected breaches to the Financial Intelligence Unit.
Policy & regulation Guidance & interpretation Sanctions list update
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2025-11-07•Moldova•National Bank of Moldova
The National Bank of Moldova reported a decrease in official reserve assets to EUR 5,141.43 million as of 31 October 2025, down EUR 22.26 million from the previous month. The decline was primarily due to foreign exchange sales interventions and external public debt service payments, partially offset by exchange rate gains and reserve management income. Net foreign assets also fell to EUR 5,108.66 million, marking a EUR 95.54 million decrease since the end of 2024.
Data & statistics Balance of payments and other external statistics
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2025-11-07•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) issued a circular to Virtual Asset Service Providers (VASPs) clarifying expectations under the Compliance and Risk Management Rulebook on AML/CFT Business Risk Assessments (BRA). Following inspections revealing deficiencies, VASPs must maintain a documented, data-driven BRA addressing risks like money laundering and terrorist financing, incorporating UAE National Risk Assessment results. Compliance is mandatory, with VARA planning a thematic review in Q2 2026, and non-compliance may lead to reassessment and potential enforcement actions.
Policy & regulation Guidance & interpretation AML and CFT
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2025-11-07•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) issued a circular to Virtual Asset Service Providers (VASPs) clarifying expectations for AML/CFT Business Risk Assessments (BRAs) under Part III Rule III.D of the Compliance and Risk Management Rulebook. VASPs must maintain a documented, data-driven BRA with quarterly reviews and updates for material changes, addressing deficiencies found in recent inspections. The circular outlines minimum BRA features, including coverage of ML/TF/PF risks, alignment with UAE assessments, and integration into AML/CFT policies, with immediate compliance mandatory.
Policy & regulation Guidance & interpretation AML and CFT
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2025-11-06•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia shared remarks by Financial Superintendent César Ferrari at a seminar in Beijing, emphasizing China's rapid financial development and regulatory practices. Ferrari highlighted the impact of digitization on banks, insurers, and financial markets, and the implementation of Open Finance and digital supervision by Chinese authorities.
Policy & regulation Cooperation Cross-border cooperation
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2025-11-06•Global•Egmont Group
The Egmont Group attended the International Financial Crime Tech Forum 2025 in Kuala Lumpur. Executive Secretary Jérôme Beaumont discussed emerging financial crime risks, technology's impact on compliance, and public-private partnerships' role in enhancing compliance frameworks. Beaumont emphasized technology-driven threats to Financial Intelligence Units and advocated for better intelligence sharing and resource allocation.
Policy & regulation Cooperation AML and CFT Artificial intelligence
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2025-11-06•Global•Egmont Group
The Egmont Group participated in the Forum of Financial Intelligence Units of GIABA Member States Annual Retreat in Accra, focusing on regional cooperation in West Africa. Vice-Chair Mohammed Shahid Ahmed emphasized the importance of strategic foresight, ethical leadership, and regional harmonization in combating money laundering, terrorist financing, and proliferation financing.
Policy & regulation Cooperation Cross-border cooperation AML and CFT
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2025-11-06•Global•Egmont Group
The Egmont Group committed to combating environmental crime using financial intelligence and cross-border cooperation among Financial Intelligence Units (FIUs) at the United for Wildlife Global Summit. Chair Elzbieta Franków-Jaskiewicz highlighted FIUs' role in tracing illicit financial flows, supporting asset recovery, and uncovering corruption linked to illegal resource exploitation, with collaboration from INTERPOL, UNODC, and the Financial Action Task Force.
Policy & regulation Cooperation Climate risk and sustainable finance
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2025-11-06•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission registered Republic Holding AD's subsequent issue of 5,320,086 ordinary voting shares for trading on a regulated market. The shares are dematerialized, freely transferable, and have a nominal value of BGN 1 each.
Supervision Authorisations & approvals Securities offerings and listings
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2025-11-06•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia released the first Boliviano Digital report, outlining a roadmap for developing a wholesale central bank digital currency (CBDC) by 2026. The plan includes technical dialogues with stakeholders, a survey of potential CBDC participants, and developing functional prototypes to test technological and operational aspects. This initiative follows a 2024 board resolution supporting electronic payment channels and aligns with similar efforts by other Latin American central banks.
Policy & regulation Implementation, projects & pilots CBDC
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2025-11-06•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission attended the OECD's International Network on Financial Education meeting in Paris and was invited to join. The INFE enhances financial literacy and inclusion through shared practices and tools. The invitation recognizes the CMC's efforts in financial education and consumer protection in Angola, promoting collaboration with financial supervisors and educational ministries.
Policy & regulation Cooperation Financial literacy and education
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2025-11-06•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has licensed KFIC Financial Brokerage Company as a qualified securities broker on the Amman Stock Exchange, effective 03 November 2025. This follows the company's application under Resolution No. (116) of 2025 and aligns with Law No. (7) of 2010 and its Executive Bylaws. The firm's existing licence was amended to reflect this change.
Supervision Authorisations & approvals Licence approval
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2025-11-06•Israel•Bank of Israel
The Bank of Israel reported foreign exchange reserves of USD 231,954 million at the end of October 2025, a USD 74 million increase from September, representing 41.3% of GDP. The rise was primarily due to a USD 607 million revaluation, partially offset by USD 550 million in government foreign exchange activity.
Data & statistics Balance of payments and other external statistics
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2025-11-06•Europe•European Securities and Markets Authority
The European Securities and Markets Authority released a report assessing total costs for investors in Undertakings for Collective Investment in Transferable Securities (UCITS) and Alternative Investment Funds (AIFs) in the European Economic Area. Distribution costs constitute 48% of total UCITS costs, with inducements significantly impacting ongoing costs. The findings aim to inform the ongoing debate on retail participation.
Research Financial and market indicators Supervisory data
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2025-11-06•Peru•Superintendencia del Mercado de Valores de Peru
Peru's Superintendency of the Securities Market reported companies raised USD 1,022.9 million through primary public offerings of debt instruments in the first 10 months of 2025, a 15% increase from 2024. The SMV noted 57 placements by 30 companies, with demand nearly double the amount offered, and significant issuance acceleration in October 2025. Most placements were denominated in soles, with maturities ranging from 180 days to 10 years.
Data & statistics Financial and market indicators
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2025-11-06•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission attended the Africa Financial Summit 2025 in Casablanca. Executive Administrator Vasco Januário discussed capital markets' role in facilitating exits from private equity and venture capital investments. He highlighted Angola's venture capital industry, with about USD 65 million in assets under management, as a key investment channel, noting improving IPO market conditions. The Commission emphasized its commitment to enhancing institutional presence and experience-sharing in international forums.
Institutional development Cooperation & capacity building Market development
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2025-11-06•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority released its 2024 overview of institutions for occupational retirement provision, noting a 7% increase in total assets to EUR 48.9bn and a rise in the average coverage level to 123%. Membership grew by 5% to 2.66 million, with investments primarily in equity and bond funds yielding an 8.6% return. The FSMA attributed the improved coverage ratio to positive asset returns and provided additional financial statements and sector statistics online.
Data & statistics
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2025-11-06•Italy•Bank of Italy
The Bank of Italy released the testimony of Fabrizio Balassone, Deputy Head of the Directorate General for Economics, Statistics and Research, at the parliamentary hearing on Italy’s 2026-2028 Budget Law. The testimony was presented before a joint session of the Senate’s 5th Committee and the Chamber of Deputies’ V Committee.
Policy & regulation Other
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2025-11-06•Italy•Bank of Italy
The Bank of Italy released findings from its 2025 Business Outlook Survey, focusing on industrial and service firms.
Data & statistics Economic data and developments
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2025-11-06•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced the High Court dismissed an appeal by Cigno Australia director Mark Swanepoel and BSF Solutions director Brenton Harrison, affirming the Full Federal Court's decision on their unlicensed credit activity and charging prohibited fees. The High Court ordered the appellants to pay ASIC's costs, with over 100,000 consumers affected, many vulnerable. The case returns to Justice Jackman on 7 April 2026 for a penalty hearing.
Enforcement Investigations & enforcement actions Unlicensed or unauthorized activity
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2025-11-06•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine National Commission on Securities and Stock Market has approved draft regulations for public discussion, setting requirements for rating agencies, including foreign entities, operating in Ukraine. The drafts outline the authorisation process, documentation, and rules for ongoing activities and reporting, aligning with the Law of Ukraine "On Rating".
Policy & regulation Rules & requirements Credit ratings
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2025-11-06•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of dubious investment projects, adding Bulenox and Taxtrade, bringing the total to 454 projects flagged for potential fraud or legal violations. The Commission highlights warning signs such as lack of licences, transparency, and risk disclosure.
Supervision Alerts Sanctions list update
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2025-11-06•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets reported a significant rise in retail investment in crypto-based products, with one in ten investors participating in 2025, up from one in 100 in 2022. The AFM emphasized the high risk and volatility of these products and advised consumers to invest cautiously. Despite the increase in crypto investments, traditional investment funds and shares remain the most popular choices among investors.
Financial literacy & education Fintech and insurtech Consumer and investor protection