The Financial Services Regulatory Authority of Ontario has appointed Paul Martiniello as Executive Vice-President, Pensions, effective in September. Martiniello currently leads prudential supervision for single-employer and multi-employer pension plans and has more than 20 years of pension sector experience.
The British Columbia Securities Commission imposed a CAD 60,000 penalty on Michael Derek Townsend for failing to report 528 insider transactions on time. The transactions involved securities valued at almost CAD 1.6 million between October 2020 and June 2024.
South Korea's Ministry of Economy and Finance introduced the RFI-K regime, allowing registered foreign financial institutions to provide offshore KRW services and settle through domestic omnibus accounts and the Bank of Korea’s international KRW network. The rules ease settlement funding and capital transaction reporting while requiring customer verification, monthly transaction reports and compliance with prudential controls.
The South Korea Financial Services Commission and Kazakhstan’s financial regulator discussed deeper policy cooperation and support for financial institutions entering each other’s markets. A bilateral seminar covered banking regulation, financial stability, nonperforming loan resolution and capital markets infrastructure.
The Financial Services Commission plans dedicated standards for calculating penalties under the Act on Use and Protection of Credit Information. The framework would replace broad severity bands with more granular rates and factors reflecting the data involved, affected individuals and resulting harm. Related regulations will be amended after industry input.
The Reserve Bank of New Zealand will create separate Assistant Governor roles for Monetary Policy and for Payments and Cash as Karen Silk prepares to leave in mid-December. Silk will participate in the December monetary policy decision, while recruitment for both roles and arrangements for a short-term internal Monetary Policy Committee appointment proceed.
The Bermuda Monetary Authority is consulting on the first phase of a resolution regime for commercial insurers, including its designation as resolution authority and a statutory set of resolution objectives. The risk based regime would initially cover domestic insurers and internationally active insurance groups under its group wide supervision, with discretion to include other systemically relevant firms. Later phases will address resolution powers, tools, planning, cross-border cooperation and safeguards.
The Bahamas Ministry of Economic Affairs is consulting Brazilian and Bahamian stakeholders on expanding the country’s financial services offerings to meet demand from Brazil.
The Central Bank of Ecuador raised its 2026 growth forecast to 2.7% from 2.5%, supported by stronger consumption, investment and exports. Its scenario analysis indicates that El Niño could reduce 2027 growth by 0.5 percentage points under a moderate event or 1.4 percentage points under a severe event.
The United States Council of Economic Advisers defended its estimate that banning stablecoin yield would increase bank lending by only USD 2.1 billion, or 0.02%, while costing households about USD 800 million annually. Even its most extreme scenario produces a USD 531 billion increase, or 4.4%, and requires several assumptions that the Council considers implausible. An interactive model allows users to test the alternative assumptions raised by industry groups and advocates.
In a Fox Business interview, Senate Banking Committee Chairman Tim Scott described the Clarity Act procedural vote as a step toward continued negotiations on digital asset market structure and stronger consumer protections. He also said implementation of housing legislation enacted in July will take time and emphasized increasing housing supply and construction alternatives.
House Financial Services Chairman French Hill and House Agriculture Chairman Glenn Thompson renewed calls for a statutory digital asset market structure framework after the Senate failed to invoke cloture on the CLARITY Act. Pending legislation, they plan to work with federal regulators using existing authorities while continuing negotiations with the Senate.
The commission handled 2,663 complaints in Colima from January through August 2026, an increase of 9.5%, and recovered MXN 26.4 million for users in completed cases. Multiple banking generated 65.1% of complaints, while 34.7% of all cases involved possible fraud.
Qatar Central Bank and the Saudi Central Bank have begun phased reciprocal acceptance of HIMYAN and mada cards. Technical and operational connectivity is complete, with card use and payment service access set to expand as the approved integration phases are completed.
The Central Bank of Armenia raised its policy rate by 25 basis points to 6.75% in a 5-3 vote. The majority cited above-target inflation and strong demand, while dissenters emphasized disinflationary and growth risks from restrictions on exports to Russia.
The National Bank of Georgia published interactive remittance statistics through August 2026.
A Central Bank of Liberia-led conference agreed national priorities for resolving elevated nonperforming loans, which continue to constrain credit and weaken financial sector resilience. Priorities include stronger credit discipline and legal certainty, modernized financial infrastructure, better debt recovery mechanisms and support for viable businesses.
Bermuda’s construction investment rose 8.1% year over year in the first quarter of 2026. Construction work completed increased 9.4% to BMD 45.6 million, while new projects started were valued at BMD 60.3 million.
The Central Bank of Barbados has warned BiMPay users not to share verification codes, tokens, passwords or other security credentials after a reported online loan fraud. The platform itself was not compromised, and the unauthorized transaction followed the customer's disclosure of security information to a third party. Affected users should immediately contact their financial institution and report suspected fraud to the police.
The Angola Capital Markets Commission presented an integrated system for processing licensing applications electronically from submission through decision. Applicants will be able to track cases in real time, receive notifications and provide additional information, while the platform’s audit trail will support stronger controls and greater transparency.
The Moroccan Capital Markets Authority disclosed the crossing of the 10% shareholding threshold in Auto Hall.
Greece’s Minister of National Economy and Finance Kyriakos Pierrakakis called for stronger common capital markets supervision, greater banking consolidation and faster progress on the Savings and Investments Union. He proposed EU-wide auctions of 6G and space spectrum, with proceeds supporting the EU budget and European Investment Bank technology financing. He also backed reform-linked EU funding while noting the absence of consensus on permanent common debt.
Eurogroup President and Greek Minister of National Economy and Finance Kyriakos Pierrakakis discussed European economic priorities with German Chancellor Friedrich Merz. The talks emphasized faster capital markets integration to channel European savings into businesses, innovation and investment, alongside energy, technology and strategic autonomy.
The Angola Capital Markets Commission has directed investors and other participants in Standard Bank Angola’s public share offering to its complaints and reporting channel for suspected unfair treatment or market misconduct. Reports will be handled confidentially and reviewed independently under applicable law.
Minister of National Economy and Finance and Eurogroup President Kyriakos Pierrakakis urged Europe to advance reforms covering investment, capital markets, banking, energy, technology and the digital euro. Discussions in Berlin also addressed fiscal balance, bond market pressures and the energy effects of the Middle East crisis.
Ukraine's National Securities and Stock Market Commission is preparing changes to simplify securities issuance and make the process more predictable. The review draws on market feedback, including Activitis’ experience with a UAH 300 million corporate bond issue and a planned issue of up to UAH 2 billion.
The Croatian National Bank approved OTP banka’s Supervisory Board appointing Balázs Pál Békeffy as chairman of the Management Board. It also authorized 500,000 EUR 2 City of Vukovar commemorative coins and new gold and silver collector coins.
U.S. House Financial Services Committee Chairman French Hill urged tighter oversight of the IMF and World Bank, particularly over their policies toward China. He welcomed the World Bank’s plan to end China lending by 2031 and its renewed support for nuclear energy, while pressing the IMF to demand greater transparency before expanding China’s influence.
The UK Financial Conduct Authority has banned Nurul Miah from financial services after finding that he lacked honesty and integrity. The decision follows findings that he caused or allowed more than GBP 28 million to be taken from law firm client accounts without permission, with more than GBP 10 million missing and used for his own benefit.
The Ontario Securities Commission’s fiscal 2025-2026 investment management report highlights ETF growth and work on foreign ETF access, streamlined fund disclosure and liquidity risk management. An expanded survey now captures data from fund managers not registered in Ontario, broadening regulatory visibility across Canada.
The National Bank of Angola (BNA) cut its policy rate by 100 basis points to 14.75%, lowered liquidity facility rates to 13.75% and 15.75%, and reduced the domestic-currency reserve requirement to 16.5%. Annual inflation slowed to 8.78% in August, while the BNA maintained its end-2026 inflation forecast at 8.6% and raised its 2026 growth forecast to 6.15%.
The Central Bank of Russia’s Business Climate Index rose slightly to minus 2.3 points in September. Output, demand and price expectations increased, while businesses reported tighter nonprice lending conditions.
The South African Reserve Bank estimates that cash costs South Africa ZAR 88.5 billion annually, split almost evenly between direct consumer expenses and indirect costs such as time and crime. Formal cash value chain costs total ZAR 27.1 billion and are embedded in the broader estimate, while retailer cash back is substantially cheaper than ATM or branch access. The study recommends expanding lower cost cash access, shared infrastructure and cash recycling while preserving financial inclusion.
The Egypt Financial Regulatory Authority reviewed regulated funding channels for real estate development, including securitization, sukuk and investment funds. It highlighted safeguards such as minimum BBB ratings, project-linked fund calls and separate project accounts, while licensed digital platforms must provide semiannual valuations and exit mechanisms for fractional property investors.
The US Commodity Futures Trading Commission secured a default judgment requiring Michael Frederick Staryk to pay USD 547,616 in restitution and a USD 5,907,720 penalty for misappropriating funds from at least 26 retail clients. The court also imposed permanent trading and registration bans, while two relief defendants were ordered to disgorge USD 110,509.86.
The Spanish National Securities Market Commission and Autocontrol have agreed to strengthen compliance and transparency in investment advertising, including promotions by financial influencers. Cooperation will cover preventive advertising reviews, supervisory information, training and initiatives to prevent and detect online financial fraud.
Bank of Spain Governor José Luis Escrivá participated in the ninth Digital Assets Forum.
The Portuguese Insurance and Pension Funds Supervisory Authority has opened a preliminary market consultation on AI tools for supervisory work, engaging 20 technology companies. The proposed tools would support complaints handling, regulatory document processing, report analysis and legal compliance checks for insurance policies, with submissions informing a future competitive procurement.
AMLA Executive Board Member Simonas Krepšta outlined the authority’s Crypto Action Plan for 2026 and beyond, centered on EU-wide risk analysis, supervisory convergence and stronger blockchain analytics. A forthcoming report will present findings on money laundering and terrorist financing risks in the crypto sector, where vulnerabilities remain despite stronger EU regulation.
The Organisation for Economic Co-operation and Development estimates that OECD countries need USD 7.1 billion annually in purchasing power parity terms to establish core pandemic preparedness systems. It recommends layered early interventions, essential supply stockpiles and combined clinical and wastewater surveillance to prevent deaths, contain economic losses and reduce reliance on lockdowns.
The OECD estimates that strengthening pandemic preparedness across its members requires about USD 7.1 billion annually, or USD 5.9 per capita in purchasing power parity terms. Early, layered non-pharmaceutical interventions could avert most deaths and limit economic losses, while lockdowns used alone could reduce GDP by 11.7% to 28.9%. Stockpiles, wastewater surveillance and rapid response capacity are the main investment priorities.
The Organisation for Economic Co-operation and Development forecasts Swiss GDP growth of 2.0% in 2026 and 1.4% in 2027, with inflation at 0.6% in both years. It urges reforms to competition, financial oversight, pensions, health care, housing and climate adaptation to strengthen productivity and contain long-term fiscal pressures.
The Swedish Financial Supervisory Authority has adopted amendments to three sets of securities market regulations to align them with MiFID II changes arising from the EU Listing Act. The changes cover securities businesses, investment funds and alternative investment fund managers and take effect Oct. 1, 2026.
The Central Bank of Ireland has appointed Simon Sloan as Director of Strategy and Governance. He replaces Glenn Calverley and will take up the role as the Central Bank develops its priorities and organizational strategy for its next strategic cycle.
A European Central Bank working paper finds that monetary policy becomes more powerful as tightening raises private sector debt servicing exposure, while easing gradually reduces its own effectiveness. The amplification is stronger for faster or larger moves and when tightening coincides with an economic downturn.
The European Central Bank reported a EUR 5.911 trillion balance sheet as of Sept. 11, 2026, down EUR 942 million due to weekly transactions. Deposit facility balances fell by EUR 42.445 billion, while current accounts increased by EUR 20.845 billion.
The Palestine Capital Market Authority is recruiting an accountant for its financial and administrative affairs directorate in Ramallah. Applicants need a bachelor’s degree in accounting, while experience is not required and must be under one year if held. Electronic applications close Sept. 22, 2026.
The Saudi Central Bank and Qatar Central Bank will gradually roll out acceptance of mada cards in Qatar and HIMYAN cards in Saudi Arabia. The initiative uses the Gulf Payment Network to expand cross-border ATM withdrawals and point-of-sale payments.
Kazakhstan’s financial market regulator has published draft laws to overhaul insurance regulation, including a unified compulsory insurance model and mandatory home cover for earthquakes, floods and natural forest fires. The package would introduce new investment-linked products, ease licensing for foreign insurer branches and strengthen market infrastructure and guarantee arrangements. It would also make electronic contracts the main format for mass-market voluntary insurance and regulate insurance marketplaces and intermediaries.
Kazakhstan’s financial market regulator presented the main elements of its draft 2030 capital market program, including a target to place 20-30% of pension assets under private domestic management, up from 0.3%. The reforms would simplify issuance, expand investment products and introduce securities lending and covered short selling to address weak liquidity. They also propose stronger restructuring, bond trustee and cross-border insolvency mechanisms for creditor protection.
Senate Banking Committee Chairman Tim Scott urged the SEC and CFTC to set clear digital asset rules until Congress acts. His call followed the Senate’s failure to advance the Clarity Act despite support from nearly all Senate Republicans.
The Bank of the Republic of Burundi has opened a new agency in Buhumuza to serve eastern and northeastern communities that previously traveled long distances for central bank services. The branch will support public revenue collection, transactions by local financial institutions and the regional rollout of BurundiPay.
Bank Indonesia appointed Mal Isnaini S. Meyyanti as head of the Macroprudential Policy Department. The appointment is part of efforts to strengthen institutional accountability, governance and leadership.
The Bank of Greece estimated that nominal apartment prices increased by 5.5% year on year in the second quarter of 2026. New apartments rose by 6.2%, while regional increases ranged from 4.7% in Thessaloniki to 7.1% in other areas of Greece.
Ukraine's National Commission on Securities and Stock Market is recruiting authorized officers for case review, investigations and case support. Applicants should have relevant legal, financial markets, compliance, supervisory or investigative experience and must apply by Sept. 23.
The Central Bank of Armenia raised its policy rate by 25 basis points to 6.75% as inflation remained above the 3% target and core price pressures broadened. Strong construction, services and external demand outweighed downside risks from weaker global growth and restrictions on exports to Russia.
The Central Bank of Armenia raised its policy rate by 25 basis points to 6.75%. It set the Lombard Repo Facility Rate at 8.25% and the Deposit Facility Rate at 5.25%.
The State Bank of Pakistan concluded its first regulatory sandbox cohort, with four solutions successfully demonstrated in inward remittances and open banking. Completion does not amount to regulatory approval, and participants must secure authorization before commercial launch.
The Dutch Authority for the Financial Markets found that investment fund managers have improved anti-money laundering and sanctions compliance, but light managers continue to lag as their numbers grow. Only 66% of managers establish client transaction profiles, 55% are registered with the Financial Intelligence Unit Netherlands and fewer than half of daily policymakers recently completed relevant training. The authority is contacting firms that persistently fail to meet training requirements.
The Bank of Italy reported EUR 4.5 billion in net bond redemptions by resident sectors in July, as positive government issuance was outweighed by redemptions from banks and other sectors. Benchmark BTP yields rose across three, 10 and 30-year maturities in August, reaching 3.15%, 3.99% and 4.78%, respectively.
The Bank of Italy published two digests of Banking Union case law covering July 2024 to June 2025. The latest edition focuses on Single Resolution Fund contributions, resolution decisions, license withdrawals, temporary administration and supervisory sanctions.
The Hong Kong Monetary Authority alerted the public to fraudulent banking websites, fake login screens, phishing emails and other scams. Customers who disclosed information or conducted transactions in response should contact the relevant bank and report the matter to the police.
The Portuguese Securities Commission is consulting on procedures for DORA reporting by entities under its prudential supervision, covering severe technology incidents, significant cyberthreats and third party technology contracts. Contract registers would be due annually by Feb. 28, while planned contracts supporting critical or important functions would require 30 days’ notice, rising to 60 days for specified market infrastructures.
HM Treasury has launched a GBP 500 million anti-money laundering and asset recovery strategy funded over three years through the economic crime levy. It will add 500 officers across key enforcement agencies and strengthen intelligence, technology and partnerships to disrupt money laundering networks and recover criminal assets.
The National Bank of the Kyrgyz Republic hosted a regional roundtable on maintaining engineering systems in central bank buildings. Participants from Kazakhstan, Tajikistan and Armenia exchanged technical practices and identified areas for further cooperation.
The Egypt Financial Regulatory Authority has required consumer finance companies to digitally verify applicants and consider I-Score behavioral scores based on alternative data in credit decisions. The scoring requirement will apply from April 1, 2027, supplementing existing identity verification and credit inquiry controls.
Germany's Federal Financial Supervisory Authority has clarified the authorization requirements for alternative investment fund capital management companies, replacing its March 2025 guidance. The circular sets detailed expectations for capital, management expertise, governance, business plans and outsourcing. Previously registered firms seeking full authorization must submit the complete set of required documents.
The Financial Conduct Authority found no evidence that its regulation is a major barrier to SME finance, but identified particular difficulties for microbusinesses. It will target duplicated customer checks, Consumer Credit Act requirements and information gaps through digital verification, regulatory reform and open finance. An early 2027 discussion paper will set out options for the first open finance scheme, with SME lending a priority use case.
The Bank of Finland raised its GDP growth forecasts to 1.7% for 2026 and 1.6% for 2027 as exports and private investment strengthen. Unemployment is expected to decline gradually from 10.4% in 2026, while energy prices will temporarily lift inflation to 2.4%. A prolonged Middle East conflict could keep energy prices elevated and weaken growth.
The Central Bank of Estonia will not issue crypto asset market statistics for the third quarter of 2026 because too few providers hold Finantsinspektsioon licenses. Statistics in subsequent quarters will depend on whether more licensed providers enter the market.
The Vietnam State Securities Commission and Ministry of Finance are consulting on draft guidance for reporting and information disclosure in the crypto-asset trading market.
Norges Bank’s monthly balance sheet presents month-end assets, liabilities, equity and selected notes and is released around the 11th business day of the following month.
The World Bank Group is providing USD 1.06 billion in loans to support industrial decarbonization in Brazil, with the financing expected to mobilize another USD 1.8 billion. Channeled through the Brazilian Development Bank, the funding will target low carbon industrial production, cleaner fuels and shared green hydrogen and ammonia infrastructure.
The Organisation for Economic Co-operation and Development finds that agentic AI is entering operational workflows, particularly for structured tasks with verifiable outcomes and bounded risks. Organisations are using limited autonomy, human approval checkpoints and layered technical safeguards. Evaluation, cybersecurity, traceability and cross-organisational accountability remain underdeveloped.
The National Bank of the Republic of North Macedonia held its policy rate at 4.25% in September as inflation remained moderate, although energy-price pressures, domestic demand risks and external uncertainty clouded the outlook. Annual inflation reached 2.6% in August, while second-quarter real gross domestic product growth accelerated to 4.3% and credit growth exceeded projections.
A Bank for International Settlements working paper finds that cryptoasset and DeFi indicators can vary substantially with data treatment and assumptions. Bitcoin transfer estimates differ by up to sixfold, while smart contract proliferation and different stablecoin uses across blockchains further weaken comparability. The paper recommends bounded estimates, explicit assumptions and greater technical disaggregation.
The Institutional Investors Group on Climate Change issued five expectations for companies to manage deforestation risks across their operations and supply chains. The framework covers public commitments, risk assessment, operational changes, collaborative action and annual disclosure, while aligning with existing standards rather than adding reporting requirements.
The Bank of Israel has appointed Tal Harel Matityahu as Deputy Supervisor of Banks and head of the Bank-Customer Division. She will oversee policy and supervision concerning banks’ treatment of customers, including fairness, transparency, consumer protection, access, competition and innovation.
The Central Bank of Syria discussed bilateral banking and economic ties with the first U.S. Chamber of Commerce trade mission to the country, which included more than 60 U.S. companies.
The European Financial Reporting Advisory Group appointed Gianmario Crescentino, Chrystelle Richard and Elbano de Nuccio to three governance boards. It also extended Chiara Del Prete’s mandate as chair of the Sustainability Reporting Technical Expert Group until Jan. 31, 2028.
The Monetary Authority of Macao promoted its new investment fund regime to about 100 representatives in Chengdu, focusing on cross-border fund opportunities and financial cooperation with Sichuan. Its mainland outreach sessions have now attracted about 780 participants since January, with further promotion planned to draw fund businesses to Macao.
The European Central Bank has invited euro area e-commerce and mobile commerce merchants to join a 12-month digital euro pilot expected to start in the second half of 2027. Selected merchants will test beta digital euro payments, checkout integration and user experience in a controlled environment. The beta will not have legal tender status, and any issuance decision remains subject to EU legislation.
Guernsey fund net assets fell 0.9% during the quarter to GBP 270 billion, driven by a 2.1% decline in closed ended funds. Open ended fund assets increased 5.1% to GBP 45.8 billion, while Guernsey Sustainable Funds held GBP 4.3 billion.
The Guernsey Financial Services Commission reported a 0.9% quarterly decline in Guernsey fund net assets to GBP 270 billion. A GBP 4.8 billion fall in closed ended funds outweighed a GBP 2.2 billion increase in open ended funds.
European Central Bank Banking Supervision Chair Claudia Buch called for broader, evidence-based evaluation of prudential policy and warned against weakening standards for uncertain short-term gains. She cited findings that post-crisis reforms increased resilience without materially reducing aggregate lending or growth. Buch also urged wider stakeholder participation and better access to research and granular banking data.
European Central Bank Banking Supervision reported that significant institutions’ annualised return on equity reached a series high of 10.73% in the second quarter of 2026, while the cost-to-income ratio fell to a record low of 53.06%. Capital, asset quality and liquidity metrics remained broadly stable. The ECB also released new quarterly system-wide statistics combining significant and less significant institutions.
European Central Bank Banking Supervision Chair Claudia Buch called for broader, evidence-based evaluation of prudential regulation and supervision. She cautioned that weaker capital standards may create long-term risks and noted that existing studies find stronger resilience without material harm to aggregate lending or growth. Buch also advocated wider stakeholder participation and improved access to research and granular banking data.
A European Central Bank blog finds that 80% of euro area households do not own market based financial instruments, while nearly EUR 10 trillion remains in cash and low yield deposits. Barriers range from limited resources to perceived risk, low trust and weak financial knowledge. The authors call for tailored financial literacy measures, accessible investment products and pension reforms.
AMLA Executive Board member Rikke-Louise Petersen outlined how EU-level risk analysis, financial intelligence and supervisory cooperation can strengthen AML/CFT work across borders. AMLA plans its first joint Financial Intelligence Unit analysis toward the end of 2026, ahead of Article 75 information-sharing partnerships becoming possible from July 2027.
Austria's Ministry of Finance discussed capital market development, financial regulation and export cooperation with Vietnam. The talks also covered the EUR 150 million bilateral financing agreement signed in June 2025, which includes EUR 100 million in tied concessional loans and EUR 50 million in untied concessional loans.
The Central Bank of Taiwan reported that renminbi deposits rose to RMB 109.99 billion at the end of July 2026, while July remittances increased to RMB 191.57 billion. A total of 65 domestic banking units and 56 offshore banking units conducted renminbi business as of Aug. 31.
The Central Bank of Russia reported lower money market rates and higher long-term federal government bond yields in August, while broad money growth eased slightly.
A Central Bank of Liberia-led conference agreed national priorities for tackling elevated nonperforming loans through coordinated action. The priorities include stronger credit discipline and legal certainty, modernized financial infrastructure, better debt recovery mechanisms and support for viable businesses.
National Bank of Georgia President Natia Turnava called for stronger pre-decision protection for financial consumers, particularly vulnerable groups facing risks from digital transformation. She highlighted financial education and risk awareness as tools for reducing both consumer losses and systemic risks.
The National Bank of Georgia has published its capital market review for the second quarter of 2026, with a focus on government securities and publicly issued corporate bonds. It covers investor and ownership structures, secondary market activity, challenges and the role of financial institutions in developing liquidity and the investor base.
South Korea Financial Services Commission Chair Lee Eog-weon discussed growth finance, market stability and bilateral cooperation with German Bundestag Finance Committee Chair Christian Görke and other lawmakers. Lee highlighted funding for emerging growth sectors, capital market reforms and stronger risk monitoring, while both sides supported closer cooperation in capital markets, digital finance and financial firms’ mutual market entry.
The Bank of France cut its 2026 growth forecast to 0.4% and projects a recovery to 0.9% in 2027 and 1.2% in 2028. Inflation is expected to average 2.3% in 2026 before falling below 2%, while unemployment is forecast to reach 8.4% at year-end. Middle East conflict and energy prices remain the main downside risks.
The Central Bank of Montenegro adopted secondary legislation aligning bank prudential, governance, remuneration, fitness and disclosure rules with CRD VI, CRR3 and EBA standards. It also updated requirements for the Credit Registry, voluntary bank liquidations and statistical reporting under the KD 2025 economic activity classification.
The Central Bank of Armenia raised its policy rate by 25 basis points to 6.75%, citing above-target inflation, broadening price pressures and excess demand. Annual inflation reached 4.4% in August against a 3% target, while second-quarter economic growth accelerated to 6.7% year on year.
The National Bank of Moldova has added QR code payments to MIA’s business-to-business instant transfer service. Businesses can authorize low-cost payments through online banking, with funds delivered immediately at any time. MIA now has more than 1 million unique users and connects over 12,000 businesses.