The Bank of the Lao initiated its 2025 training programme at the Banking Institute to enhance inspection skills within the banking sector. Co-chaired by Arun Boonyong and Dr Daoboualapha Bavongphet, the programme involves over 60 participants from various banking departments and focuses on party and state inspection work, including oversight of party activities and procurement processes.
The Bank of the Lao’s Banking Institute launched its 2025 training programme on party and state inspection work in the banking sector, co-chaired by Arun Bounyoung and Dr. Daobualapha Bavongphet. The programme, attended by over 80 participants, covered key resolutions and directives, focusing on party and state inspection processes.
The Hong Kong Securities and Futures Commission issued circulars for SFC-licensed virtual asset trading platforms to enhance global liquidity and expand offerings under its ASPIRe roadmap. The shared liquidity framework allows order matching across affiliated platforms with risk management safeguards. Platforms can also offer trading in virtual assets without a 12-month track record for professional investors and distribute tokenised securities and digital asset-related products.
The Hong Kong Securities and Futures Commission released a summary of CEO Julia Leung's discussion at Hong Kong FinTech Week 2025, focusing on strategies to sustain growth in Hong Kong's digital asset ecosystem. Additional speeches and synopses are available in the "Published resources > Speeches" section.
Greece's Ministry of National Economy and Finance outlined a tax reform bill at the Athens Tax Forum 2025, focusing on reducing tax rates and combating tax evasion. The reform aims to benefit families and young people, support regional development, and address housing pressures with measures like an intermediate rental income tax rate and enhanced leasing incentives. The bill is under parliamentary debate.
Greece's Ministry of National Economy and Finance and the Ministry of Climate Crisis and Civil Protection announced a 12-month suspension of compulsory enforcement measures for those affected by the June to August 2025 wildfires. This includes auctions, seizures, evictions, and personal detention orders, excluding maintenance claims, for certified individuals and businesses in specified regions. Eligibility requires enrollment in the state aid framework or housing assistance program, with the moratorium starting from the wildfire date in each area.
The Financial Services Regulatory Authority of Ontario (FSRA) is seeking new members for its Consumer Advisory Panel to provide consumer insights for policy and decision-making. Panel members will serve two-year terms, contributing to meetings and working groups, with selection based on expertise in FSRA-regulated sectors and diverse representation.
The Hong Kong Monetary Authority has launched "Fintech 2030," a strategy to advance fintech through four "DART" pillars and over 40 initiatives. Key measures include developing next-generation data and payment infrastructure, promoting responsible AI adoption, and enhancing cybersecurity with a fintech-specific certification framework. The strategy also focuses on accelerating tokenisation of real-world assets and exploring blockchain settlement with digital currencies like the e-HKD.
The Hong Kong Monetary Authority alerted about scams with fake websites, internet banking screens, and phishing emails targeting Livi Bank Limited and Fubon Bank (Hong Kong) Limited. HKMA stressed banks won't send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
Indonesia's Ministry of Finance reported the financial system remained stable in Q3 2025, supporting economic growth, according to the Financial System Stability Committee's meeting. The committee emphasized vigilance against global risks and enhanced policy coordination among financial authorities. The Finance Minister noted global uncertainties, including U.S. import tariffs, and highlighted domestic growth projections above 5.5% for Q4 2025 and 5.2% for the full year.
The Isle of Man Financial Services Authority has de-registered Sigma Accounting under section 12(1)(a) of the Designated Businesses (Registration & Oversight) Act 2015, effective 3 November 2025.
The Isle of Man Financial Services Authority has de-registered Jb Quirk under section 12(1)(a) of the Designated Businesses (Registration & Oversight) Act 2015, effective 3 November 2025.
The Isle of Man Financial Services Authority has de-registered Cornerstone Crew Management Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 03 November 2025.
PwC Kazakhstan partner Alvaro Benzo assessed the Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan's proposed shift to an ex-post financing model for bank regulation. This model aims to reduce reliance on government funds during financial crises while maintaining financial stability and consumer protection. Benzo noted that excessive supervisory and capital requirements could hinder banks' lending capacity.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved resolutions allowing JSC ForteBank to acquire JSC Home Credit Bank and LLP Home ITTech as subsidiaries.
Kazakhstan's Agency for Regulation and Development of the Financial Market reported banking sector growth as of 1 October 2025, with assets rising 0.6% in September to KZT 67.0 trillion and a stable NPL90+ ratio at 3.5%. Credit to the economy increased by 1.8% to KZT 38.7 trillion, driven by business and household lending, while resident deposits grew 1.5% to KZT 43.4 trillion. The sector's capital adequacy ratios remained strong at 19.1% (k1) and 20.3% (k2), with a net profit of KZT 2.1 trillion for January–September.
Kazakhstan's Financial Market Agency reported a 2.0% rise in insurance sector assets in September 2025, reaching KZT 3.8 trillion, with KZT 118.2 billion in premiums. Year-to-date, assets rose 20.1%, driven by insurance operations and securities investments, while liabilities and equity increased by 21.0% and 18.0%. Insurance contracts grew 11.4% from 2024, notably in life insurance and voluntary property insurance premiums.
Kazakhstan's Financial Market Agency reported a 1.6% rise in equity market capitalization to KZT 40.2 trillion as of October 1, 2025, with the KASE Index up 2.2% to 7,149.42 points. Equity trading turnover increased 9.0% to KZT 27.0 billion, driven by Air Astana and Bank CenterCredit shares, while corporate bond turnover surged 35.0% to KZT 670.8 billion. Government debt outstanding rose 2.1% to KZT 30.7 trillion, despite a 22.3% decline in government securities turnover.
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported on its September 2025 consumer protection and supervisory activities, addressing borrower complaints, loan restructuring, and debt reduction. It reviewed 11,672 appeals, a 4.5% increase from August, and issued supervisory measures, orders, and fines totaling KZT 1.2 million. The update also highlighted progress in a mortgage refinancing programme, with significant refinancing of mortgages and foreign-currency loans.
Qatar Central Bank announced that Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani participated in the launch of Qatar Development Bank's National Funding Gate "TAM KEEN," aimed at improving companies' access to funding in Qatar.
Mexico's CONDUSEF reported a 7.8% increase in complaints in San Luis Potosí, totaling 4,325 from January to September 2025. The claimed amount decreased by 6.9% to MXN 107.3 million, while recoveries rose by 5.8% to MXN 21.9 million. Credit cards, special credit reports, and personal loans were the most complained-about products, with multiple banking accounting for 53.7% of complaints, primarily involving older adults and potential fraud.
The Central Bank of Iraq and the European Union Mission to Iraq discussed enhancing economic and banking cooperation, focusing on banking reforms, transparency, and attracting foreign capital. Both parties emphasized financial stability and private-sector development, with ongoing dialogue expected to support economic growth.
The Superintendence of Banks of the Dominican Republic reported that financial system deposits surpassed DOP 3 trillion as of June 2025, marking a 10.4% year-on-year increase and accounting for 40.8% of GDP. Public deposits constituted 86.4% of local banks' liabilities, with time deposits growing 19.8% and representing 48.1% of total deposits. Most deposits were in Dominican pesos, with the East region experiencing the fastest growth at 12.5%, led by La Altagracia at 15.1%.
The South African Reserve Bank announced the removal of Grindrod Bank as a Restricted Authorised Dealer.
The South African Reserve Bank has removed Grindrod Bank from the manuals used by Authorised Dealers and Authorised Dealers with limited authority.
The Bank of Portugal reported that Maastricht public debt increased by EUR 6.0 billion in September 2025, reaching EUR 294.3 billion, or 97.6% of GDP for Q3. The rise was driven by higher long-term debt securities and savings certificates, partially offset by a decrease in Treasury certificates. General government deposit assets increased by EUR 10.0 billion, resulting in a net public debt decrease of EUR 4.0 billion to EUR 255.2 billion.
The Central Bank of the Philippines' Q3 2025 Senior Bank Loan Officers’ Survey reveals that most banks anticipate unchanged lending standards for business and household loans in Q4 2025, with a net tightening of 7.0% and 7.5% respectively. Loan demand is expected to remain steady, with more banks predicting increased demand compared to the previous quarter.
The Central Bank of the Philippines summarized its delegation's participation in the 2025 IMF and World Bank Group Annual Meetings in Washington, DC, highlighting dialogues with international counterparts, rating agencies, and investors. Led by Monetary Board Members Romeo L. Bernardo and Walter C. Wassmer, the delegation engaged in strategic discussions and investor briefings, sharing updates on the Philippines' ASEAN Chair preparations for 2026. Wassmer also accepted the "Best Central Banker Award" from Global Finance on behalf of Governor Eli M. Remolona, Jr.
The National Bank of Serbia reported a 2.0% year-on-year growth in real GDP for Q3 2025, alongside increased industrial production and expanding goods exports and imports. Industrial production rose by 2.5% year-on-year in September, with notable growth in manufacturing, mining, and the energy sector. Retail trade turnover and tourism showed mixed results, while goods exports and imports increased significantly in September and year-to-date.
The National Bank of Slovakia has appointed Joan Paredes as Director of the Department of Economic and Monetary Analyses, expanding its analytical division's leadership. Paredes, with over 20 years of experience at the European Central Bank, was selected through an extensive international process to enhance the bank's global professional connections.
The European Central Bank's working paper reveals that euro area banks often model non-maturing deposits (NMDs) with longer maturities than contractual terms, with only 20% treated as zero maturity. Despite recent monetary policy tightening, banks did not adjust conservative maturity assumptions, with the average assumed NMD maturity increasing slightly from 2.00 to 2.15 years. The study also notes that banks with more volatile and interest rate-sensitive deposits assume shorter maturities but did not update models post-tightening.
The European Central Bank released its Q3 2025 €STR "transparency on errors" summary, identifying one error exceeding 0.1 basis points. The error, dated 11 August 2025, resulted from a late submission and impacted the euro short-term rate by 0.001 to 0.005 percentage points.
The Guernsey Financial Services Commission (GFSC) issued an Iran sanctions notice, updating Ali Aliakbar Ansari's designation details, who remains under a UK asset freeze. Businesses must freeze relevant assets, report to the States of Guernsey Policy & Resources Committee, and comply with the Sanctions (Bailiwick of Guernsey) Law, 2018. Firms must also notify the GFSC and provide detailed reports under Handbook Rule 12.37 when identifying affected relationships.
The Albania Financial Services Authority released issue 197 of its periodical for October 2025, detailing its regulatory, supervisory, and institutional activities. The publication aims to assist consumers and investors in understanding the markets under its jurisdiction.
The Central Bank of Paraguay published a notice that applications are open until November 12 for the competition to form the shortlist for Superintendent of Retirement and Pensions. The process is being run by the Social Security Council under Law No. 7235/2023 and sets nationality, integrity, expertise and exclusivity requirements. The post will direct and prudentially supervise Paraguay's National Retirement and Pension System.
The Philippine SEC proposes allowing corporations with assets or liabilities under PHP 3 million to file financial statements certified by their treasurer or CFO, instead of audited ones. This aims to reduce compliance costs and focus oversight on higher-risk entities, pending Department of Finance approval. The current threshold for audited statements is PHP 600,000, per the Revised Corporation Code and Securities Regulation Code.
IOSCO released reports on pre-hedging, ESG indices, and secondary market disclosure, offering definitions, recommendations, and analyses for regulatory consistency. Feedback is sought on disclosure recommendations, with plans for reports on tokenization, neo-brokers, and investment scheme valuation.
The National Bank of the Kyrgyz Republic approved Omurzakova Asel Avazbekovna as deputy chief accountant of OJSC Mbank and Sherkulova Asel Tolomushovna as chief accountant of CJSC FINCA Bank on 30 October 2025.
The National Bank of the Kyrgyz Republic's Talas regional office conducted guest lectures for senior students at four secondary schools in Talas Region during World Savings Day 2025. Topics included the history of the Kyrgyz som, financial planning, financial literacy, QR-code payments, and telephone fraud prevention.
The International Swaps and Derivatives Association (ISDA) has extended its Saudi Arabia netting legal opinions to include Capital Market Authority (CMA) regulations, ensuring enforceability of close-out netting for CMA-supervised entities. ISDA plans to publish collateral opinions under both CMA and Saudi Central Bank (SAMA) regulations by year-end.
The Alberta Securities Commission and the RCMP's Integrated Market Enforcement Team charged Alexander Francis Ongoma with six Criminal Code offences, including fraud over CAD 5,000 and uttering forged documents. Ongoma allegedly misrepresented his financial success to obtain investor funds for foreign exchange trading and property development, which were not returned. He was released with conditions prohibiting investment solicitation and advisory roles, with assistance acknowledged from the Calgary Police Service and the Financial Transactions and Reports Analysis Centre of Canada.
FINTRAC issued guidance on voluntary information sharing among reporting entities under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Sharing is allowed without individual consent if under an approved code of practice, submitted to FINTRAC and the OPC for approval. The guidance outlines conditions for disclosure and use, and mandates periodic re-approval of codes.
The Financial Transactions and Reports Analysis Centre of Canada and the Global Risk Institute released an interim report from the second Financial Industry Forum on Artificial Intelligence workshop, highlighting AI's role in financial crime. Discussions included AI-enabled fraud, data manipulation, cybercrime, and challenges like limited AI investment and regulatory gaps. Opportunities to enhance resilience, data integrity, and information sharing were also identified.
Saudi Arabia's Insurance Authority will host the Global Insurance Conference and Exhibition from Nov. 10-12 in Riyadh. More than 100 speakers and 150 organizations will discuss insurance regulation, investment, technology, risk, inclusion and environmental, social and governance issues.
The Thailand Securities and Exchange Commission attended IOSCO's 3rd Board Meeting for 2025 in Madrid, discussing international capital market regulation, digital asset standards, and SupTech. Key topics included retail investor protection, emerging risks, and regional regulatory approaches. The SEC Secretary-General also held bilateral talks with the Hong Kong Securities and Futures Commission on investor protection and regulatory cooperation.
The Thailand Securities and Exchange Commission advises Aqua Corporation's AQUA275A bondholders to review information and join the electronic meeting on 6 November 2025 to vote on waivers and bond term changes. The SEC instructed the bondholders’ representative to assess implications of approving or rejecting proposals, including default event exemptions, restructuring repayment terms, and extending the redemption date to 30 November 2027. The agenda depends on the AQUA25NA bondholders' meeting outcome on 30 October 2025.
The Financial Planning Standards Board Ltd. appointed Omer Ahmed as chief operating officer, effective 3 November 2025, succeeding Eric Cauble. Ahmed will focus on executing strategic goals, maintaining financial health, and enhancing global infrastructure for operational efficiency.
The State Bank of Pakistan's Annual Payment Systems Review for fiscal year 2024-25 highlights significant growth in the payment ecosystem, with retail payments reaching 9.1 billion transactions worth PKR 612 trillion, a 38% increase in volume and 12% in value. Digital channels accounted for 88% of retail transactions, with mobile banking apps processing over 6.2 billion transactions, up 52%, and e-money wallet apps showing the fastest growth. Infrastructure developments include the expansion of the Raast system and the point-of-sale network, a 7% increase in ATMs, and an upgraded RTGS system, PRISM+.
The Central Bank of Chile reported a 3.2% year-on-year increase in the Monthly Economic Activity Index (Imacec) for September, with a 0.5% rise from the previous month. The growth was driven by services and trade, despite a decline in mining production. Non-mining Imacec rose 3.8% year-on-year, while trade and services showed significant gains, supported by wholesale, automotive, and retail sectors.
The Canadian Public Accountability Board (CPAB) appointed Sonny Randhawa as its new Chief Executive Officer, effective 2 March 2026, succeeding Carol Paradine. Randhawa, currently Executive Vice President at the Ontario Securities Commission, brings over 25 years of experience in regulatory oversight and audit quality. An executive search firm facilitated the selection process.
The National Commission for Financial Markets issued guidance on a new complaint resolution procedure under Law No. 189/2025, requiring consumers to first address complaints to their financial services providers before escalating to the Commission or courts. Providers must respond within 15 working days, with non-response considered a refusal. The Commission will review petitions, redirect improperly filed ones, and may seek court action against abusive contract terms.
Moldova's National Commission for Financial Markets announced a milestone in the operationalisation of the International Stock Exchange of Moldova, with APP and market participants signing a shareholders’ agreement on 31 October. Signatories include Bucharest Stock Exchange, Moldagroinbank, and OTP Bank Moldova. The project aims to establish a modern, internationally connected capital market in Moldova.
The Canadian Bankers Association has updated its Your Money Students programme to enhance fraud prevention education for Grade 10 to 12 students, aligning with Financial Literacy Month. The expanded content addresses scams such as employment fraud, phishing, and AI-generated scams, developed with the Financial Consumer Agency of Canada. The programme, delivered by volunteer bankers, also covers budgeting, saving, investing, and credit use.
The Office of the Comptroller of the Currency released Community Reinvestment Act (CRA) performance evaluations for 16 national banks and federal savings associations for October 2025. Six institutions received an "outstanding" rating, while ten were rated "satisfactory." CRA evaluations measure how well institutions meet community credit needs, including those of low- and moderate-income neighborhoods.
The Alberta Securities Commission and RCMP's Integrated Market Enforcement Team charged Calgary resident Alexander Francis Ongoma with six Criminal Code offences, including fraud over CAD 5,000 and uttering forged documents. Ongoma allegedly misrepresented his financial success to solicit investments in foreign exchange and property development, with funds not returned to investors. He is prohibited from soliciting investments and acting in certain financial roles, with a court appearance set for 14 November 2025.
The Central Bank of Egypt, through FinTech Egypt’s FinYology initiative, hosted the third edition of the FinTech Got Talent 2025 competition to foster innovative FinTech projects from university students. The programme concluded with three winning teams, with two finalists securing top positions in the Arab FinTech Challenge. Launched in 2023, FinYology now spans over 30 Egyptian universities, supporting 900 projects and involving approximately 19,000 students.
The Alberta Securities Commission and the RCMP's Integrated Market Enforcement Team have charged Alexander Francis Ongoma with six Criminal Code offences, including fraud and forgery, after a Joint Serious Offences Team investigation. Ongoma allegedly misrepresented his financial success to solicit investments, which were not returned, and faces conditions prohibiting investment solicitation and securities advice. His court appearance is set for November 14, 2025, in Calgary.
The UAE Ministry of Economy and Tourism, with the Dubai Chamber of Commerce, organized workshops to enhance anti-money laundering and counter-terrorism financing compliance among Designated Non-Financial Businesses and Professions. The sessions focused on international best practices, transparency, and supervisory expectations, covering sanctions screening, customer due diligence, and sector-specific compliance in real estate, precious metals, and auditing.
The National Bank of Romania reported October 2025 international reserves: foreign exchange reserves at EUR 65.347 billion and total reserves, including gold, at EUR 76.885 billion. Foreign exchange reserves rose from September due to EUR 5.516 billion inflows, including EUR 3.0 billion from Ministry of Finance eurobond issuance, and EUR 5.184 billion outflows, including EUR 2.110 billion in eurobond maturities. Gold holdings remained unchanged at 103.6 tonnes, valued at EUR 11.538 billion.
The Canadian Bankers Association has updated its Your Money Students program to enhance fraud prevention education for high school students, aligning with Financial Literacy Month. The program, developed with the Financial Consumer Agency of Canada, addresses new scam tactics and is delivered in English and French by volunteer bankers.
The Central Bank of Nepal and the Reserve Bank of India held the ninth Joint Technical Coordination Committee meeting in Kathmandu, focusing on cross-border digital payment facilitation and adopting Indian policy practices in monetary policy, liquidity, and foreign exchange management. The meeting also reviewed the implementation of previous agreements and included presentations on the Indian economy and payment system developments.
The Swiss Financial Market Supervisory Authority (FINMA) has issued guidelines on the Berne Financial Services Agreement (BFSA) between Switzerland and the UK, simplifying mutual market access for investment services and insurance providers. The guidelines detail technical and practical processes for Swiss and British institutions, supplemented by guidance from the UK's Financial Conduct Authority and Prudential Regulation Authority. The BFSA, signed on 21 December 2023, is anticipated to take effect on 1 January 2026.
The Bank of Jamaica and the Jamaica Bankers Association are restoring banking services and cash access in areas hit by Hurricane Melissa, despite physical damage and service outages. Some operations have resumed, but branch and ATM networks face significant constraints. The BOJ has suspended fees for Real Time Gross Settlement System services and is considering further relief measures for affected customers.
The State Bank of Vietnam's Region 11 branch reviewed people's credit funds in Đắk Lắk and Gia Lai, noting an 8.37% increase in operating capital and a 9.88% rise in mobilised funds as of September 2025. Despite most funds operating safely, issues like governance, management capacity, and slow technology adoption were identified. The branch set supervisory priorities for 2026 and signed coordination rules with the Cooperative Bank of Vietnam and Deposit Insurance of Vietnam units.
The State Bank of Vietnam has approved a digital transformation strategy for the banking sector through 2030, focusing on households and businesses. Key priorities include modernising the legal framework, enhancing digital banking models, and expanding technologies like AI and blockchain. The strategy aims for 95% of those aged 15 and above to have a transaction account and for non-cash payment value to reach 30 times GDP by 2030.
Argentina’s Superintendency of Insurance has updated sums insured, coverage limits, and mandatory deductibles for motor vehicle third-party liability insurance, effective 1 January 2026. Key changes include ARS 910,000 per person for medical expenses, ARS 533,000 for funeral expenses, and varying civil liability limits for different vehicle categories, with the highest at ARS 676,000,000 for public passenger transport. These adjustments are based on the Argentine Federation of Professional Councils of Economic Sciences rate to maintain the real value.
The Bank of Korea and the People’s Bank of China have renewed their bilateral Korean won–Chinese yuan currency swap arrangement for five years, effective from 1 November 2025 to 31 October 2030. Any extension will require mutual agreement between the two central banks.
NAMFISA has submitted the final draft Consumer Credit Bill to the Minister of Finance after public consultation. The Bill aims to reform consumer credit regulation in Namibia, requiring registration and conduct standards for credit providers, credit bureaus, and debt collectors. NAMFISA and the Bank of Namibia are designated as Consumer Credit Regulators with supervisory and enforcement powers.
The National Bank of Denmark reported a 2.2% decrease in total payment card turnover, down DKK 4 billion from Q2 to Q3 2025, influenced by seasonal holiday spending. Danish card turnover fell by DKK 7.2 billion, while foreign card turnover rose by DKK 3.3 billion, with Germany contributing 23% of the foreign total. Foreign cards accounted for 11% of total turnover, with five countries generating over half of the foreign-card turnover.
The Cayman Islands Monetary Authority has updated the REEFS portal forms for mutual and private fund de-registrations, effective 8 November 2025. The TMF-147-22 v2 and TRS-142-99 v2 forms replace their predecessors, expanding coverage to include private fund sub-funds and alternative investment vehicles. A transition period from 8 to 20 November 2025 allows in-progress applications to be resubmitted with original forms; new submissions must use the updated forms.
National Bank of Moldova Governor Anca Dragu discussed Moldova's EU integration and economic transformation at the Bucharest Leaders' Summit. Initiatives include adopting a regulatory framework for crypto-assets by June 2027, launching the MIA Instant Payments system in 2024, and joining the Single Euro Payments Area in October 2025. Dragu also announced Moldova’s first National Financial Inclusion Strategy, set for implementation by mid-2026.
Governor Yahya Shunnar of the Palestine Monetary Authority addressed the 20th Annual Islamic Banking and Finance Conference, emphasizing AI as both an opportunity and challenge for Islamic finance. He highlighted Islamic banks' role in supporting Palestine's economy and SMEs, and called for innovative technological solutions to enhance efficiency and transparency. Shunnar advocated for Shariah supervisory boards to collaborate with technology experts and diversify Islamic finance instruments, citing the USD 430 million "Istidama" Fund to encourage sectoral financing.
Dubai International Financial Centre announced that Bentley Reid has opened a Dubai office through Bentley Reid (DIFC) Limited, receiving a Category 4 regulatory licence from the Dubai Financial Services Authority. This licence permits the firm to arrange and advise on wealth management services from DIFC. CEO Peter Clark has relocated from the UK to lead the new operation, which is part of DIFC's expanding wealth management ecosystem.
The Central Bank of the Bahamas' June 2025 Bank Lending Conditions Survey shows improved lending conditions in the first half of 2025, driven by stronger private-sector credit demand. Total loan applications increased by 11.5% to 19,081, with an approval rate of 82.0%. Consumer lending dominated, while mortgage and commercial financing applications declined, with banks reporting reduced lending rates and stable near-term credit conditions.
The Central Bank of the UAE hosted a Cybersecurity Seminar and the 2nd Cybersecurity Drill for BRICS central banks in Dubai, in collaboration with Brazil's 2025 BRICS Presidency. The event featured discussions and practical exercises on future threats from advanced technologies, with simulated cyberattacks to test response capabilities and enhance global financial infrastructure resilience.
The Bank of Cape Verde has launched an educational video campaign to promote safe handling of Cape Verdean escudo banknotes. The initiative advises against folding, tearing, or writing on notes and provides guidance on recognizing security features.
The Kuwait Capital Markets Authority has licensed Wazen International Investment Consulting Company S.A.S.C. and Wazen International Investment Advisors S.S.A.W. to operate as investment advisors. The licenses, effective from 30 October 2025, are valid for three years, subject to renewal. This follows Resolution No. (86) of 2025 under Law No. (7) of 2010, contingent on meeting the Authority's requirements.
The Kuwait Capital Markets Authority has registered National Investments Company as a FinTech service provider, authorizing it to offer a securities-based crowdfunding platform. This registration, under the framework of Letter Nineteen of the Executive Bylaws of Law No. 7 of 2010, brings the total number of such providers to two. The CMA is also reviewing further applications for securities-based crowdfunding services.
The Saudi Arabia Capital Markets Authority approved Mohammed Hadi Al Rasheed and Partners Company's capital increase from SAR 120 million to SAR 180 million via bonus shares funded from retained earnings. This involves issuing one bonus share for every two existing shares, raising total shares from 12,000,000 to 18,000,000. An extraordinary general assembly must convene within six months, and the company must comply with all regulatory requirements.
The Saudi Arabia Capital Markets Authority announced that the Committee for the Resolution of Securities Disputes (CRSD) approved investor class actions against Sanam Business Holding Company and Sport Address Business Services Holding Company. These actions relate to alleged non-compliance with the Rules on the Offer of Securities and Continuing Obligations in their share offers and marketing campaigns. Claimants seek annulment of subscription agreements and repayment of capital paid.
The Saudi Arabia Capital Markets Authority approved Academy of Learning Company's request to increase its capital from SAR 90 million to SAR 135 million through a bonus share issue. This involves issuing one bonus share for every two existing shares, funded by transferring SAR 45 million from retained earnings. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.
Indonesia's Financial Services Authority (OJK) emphasized digital financial transformation for expanding societal access, focusing on responsible, ethical, and sustainable innovation. OJK aims to balance innovation support with risk mitigation and consumer protection, aligning with the government's Asta Cita agenda. The Festival Ekonomi Keuangan Digital Indonesia and Indonesia Fintech Summit & Expo 2025 featured initiatives like the BI–OJK Hackathon and QRIS Jelajah, promoting collaboration between OJK, Bank Indonesia, and industry.
The Central Bank of Curaçao and Sint Maarten will conduct a second survey of manufacturing firms in Curaçao to gather data on production, employment, exports, and investment. This initiative aims to enhance sectoral data for economic analysis and forecasting, complementing other industry-specific surveys. Results will contribute to the CBCS Economic Bulletin and inform monetary and fiscal policy.
The Central Bank of Bahrain's Equal Opportunities Committee, chaired by Sh. Shaikha Khalifa Al Khalifa, held its second meeting for 2025 to review gender equality initiatives and discuss the 2025–2026 Action Plan. The plan aims to align with the National Plan for the Advancement of Bahraini Women, focusing on empowerment and leadership.
National Bank of Hungary Governor Mihály Varga emphasized household savings and a robust stock exchange for financial stability during OTP Bank's 30th anniversary. He highlighted Hungary's financial stability amid global challenges, noting the forint's stabilization and its positive impact on inflation. Varga also pointed out the growth in Hungarian households' net financial assets and the strong performance of the BUX index.
The Egypt Financial Regulatory Authority announced new auditing standards effective 1 January 2027, replacing the 2008 standards. The updated framework aligns with international developments, enhancing financial statement reliability and includes 46 standards focusing on quality control, audit evidence documentation, and expanded auditor reporting. It promotes technology use in audits and differentiates application between public interest and smaller entities.
The Qatar Financial Markets Authority hosted a student delegation from New York University Abu Dhabi, offering insights into its regulatory framework and the integration of financial and digital technology in markets. The visit featured departmental tours, briefings on current regulations, and presentations on licensing, investment funds, FinTech, and investor protection, complemented by lectures and workshops.
The Central Bank of Peru reported a 12.8% year-on-year increase in non-traditional exports for September 2025, reaching USD 2.135 billion, driven by a 22.7% rise in export volumes. From January to September, exports totaled USD 16.394 billion, up 17.1% from the previous year, with significant contributions from fishery and agricultural products. Peru's non-traditional export growth of 17.4% over the past 12 months outpaced Colombia, Mexico, and Chile.
The Central Bank of Peru reported a 4.6% year-on-year increase in national formal employment for September 2025, marking 18 months of continuous growth and 276,000 new formal jobs. The formal wage bill rose 9.1% in real terms compared to September 2024. Private-sector employment grew 5.9%, with agriculture, services, and commerce leading job creation, while the real private-sector wage bill increased by 10.2%.
The Australian Securities & Investments Commission (ASIC) is collaborating with Cboe Global Markets on the sale of its Australian and Canadian markets businesses, ensuring an orderly transition of Cboe Australia to a suitable buyer. This divestment aligns with Cboe's strategic focus on its core derivatives business. ASIC has approved Cboe Australia's listing application and acknowledges its role in market competition, handling around 20% of Australia's equity market turnover.
The International Organisation of Pension Supervisors updated its 2008 Guidelines for Supervisory Assessment of Pension Funds, emphasizing prudential supervision, proportionate information gathering, and cross-border sharing. The focus is on legal compliance, asset valuation, and risk management. Future guidance may address conduct-of-business practices for contract-type defined contribution pension funds.
The International Association of Insurance Supervisors (IAIS) announced governance changes, including electing Toshiyuki Miyoshi as Executive Committee Chair and restructuring key committees effective January 2026. Two public consultations were launched on the Common Framework for the Supervision of Internationally Active Insurance Groups and revised Application Papers on recovery planning and resolution powers. Updates to the Holistic Framework toolkit were published, and the Financial Stability Board will continue using it for systemic risk assessment in insurance.
The Bank for International Settlements released a paper analyzing how environmental factors affect capital inflows to emerging market economies (EMEs). The study finds that lower exposure to extreme weather, a higher renewables share, and stronger climate policies correlate with increased foreign direct investment (FDI) and portfolio inflows. Additionally, stricter environmental regulations in advanced economies are linked to higher FDI and bank inflows to EMEs with weaker regulations.
The Bank for International Settlements' paper on Austrian consumers' potential digital euro adoption highlights financial loss protection and monetary incentives as key drivers. Involving 1,421 participants, the study found a realistic design could achieve a 45% adoption rate, with EUR 10 monthly savings and enhanced loss protection boosting likelihood. Younger, higher-educated individuals and those trusting the central bank were more inclined to adopt, while privacy-sensitive consumers were less responsive to incentives.
The Bank for International Settlements released a working paper analyzing non-financial corporates' use of foreign currency debt and hedging practices. Covering over 66,000 firms across 47 countries from 2005 to 2023, it reveals that while FX borrowing is prevalent in both advanced and emerging economies, emerging markets have more firms with unhedged depreciation risk. The paper finds FX debt exposures are generally offset by other balance-sheet or operational exposures, with emerging market firms relying more on FX revenues and assets for hedging.
The Inter Governmental Action Group against Money Laundering in West Africa has issued Guinea’s second enhanced follow-up report under its mutual evaluation process. It assesses Guinea’s technical compliance progress on Recommendations 28 and 34, which are subject to possible re-rating if sufficient progress has been made.
The Intergovernmental Action Group against Money Laundering in West Africa will hold its 44th Technical Commission and Plenary meetings in Monrovia from November 17 to 21, 2025. The agenda centers on follow-up reports for Mali, Niger, Guinea and Sierra Leone under the second round of mutual evaluations, as well as work on trade-related ML/TF/PF risk typologies and an operational manual for member states' Financial Intelligence Units. GIABA will also celebrate its 25th anniversary during the meetings.
The Inter Governmental Action Group against Money Laundering in West Africa has published Sierra Leone’s fifth enhanced follow-up report. It reviews progress on Financial Action Task Force technical compliance items subject to re-rating after the December 2020 mutual evaluation report.
The Inter Governmental Action Group against Money Laundering in West Africa has opened recruitment for a permanent Administrative and Stores Assistant in Dakar. The role covers administrative support, stores and asset management, supplier oversight and facilities-related duties, with salary bands from UC 23,895.00 to UC 31,502.30. Applications close on 26 December 2025 and the post is subject to ECOWAS local recruitment rules.
The Inter Governmental Action Group against Money Laundering in West Africa is recruiting a permanent Research, Documentation and Publication Assistant for its Policy and Research Directorate in Dakar. The G4 to G6 role covers documentation systems, libraries, research support, typologies work and publication management, with applications due by 26 December 2025. The post is subject to ECOWAS local recruitment rules.