Back to tracker

Article archive

Showing 34,401–34,500 of 51,884 updates · Page 345 of 519

  • 2025-09-18UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market confirms Financial Reporting System is ready for 2024 IFRS annual and consolidated filings and 2025 interim reports

    The Ukraine National Commission on Securities and Stock Market announced that the Financial Reporting System is ready for electronic submissions of 2024 annual and consolidated financial statements and 2025 interim reports using the UA XBRL IFRS 2024 taxonomy. Submission is mandatory for entities required by law to prepare financial statements under IFRS and those opting to apply IFRS voluntarily. Reporting entities registered with the CPPP will receive templates for the relevant period, with notification required for changes in reporting methods or new consolidated statements.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2025-09-18EuropeCommittee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)

    Committee of Experts on the Evaluation of Anti-Money Laundering Measures holds joint FATF assessor update training for 6th round evaluations

    MONEYVAL and the Financial Action Task Force conducted a three-day online training for assessors in preparation for the 6th round of evaluations, emphasizing effectiveness and countries' risk contexts. The course, attended by 42 experts, focused on evaluation procedures and developing Key Recommended Actions. Successful completion of this training is mandatory for evaluators in MONEYVAL and FATF assessments.

    Institutional developmentCooperation & capacity buildingAML and CFTSupervision process and methodologies
  • 2025-09-18PeruCentral Bank of Peru

    Central Bank of Peru reports formal wage bill rose 7.4% in real terms in July 2025

    The Central Bank of Peru reported a 7.4% real-term increase in the total formal wage bill in July 2025 compared to July 2024, driven by growth in formal employment. The private sector saw a 7.6% rise, primarily due to services and commerce, marking 16 consecutive months of improvement. The wage bill is calculated as average income multiplied by the number of formal jobs.

    Data & statisticsEconomic data and developments
  • 2025-09-18MoroccoMoroccan Insurance Authority (ACAPS)

    Moroccan Insurance Authority launches EDUCAPS digital platform for insurance and social welfare education

    The Moroccan Insurance Authority (ACAPS) has launched EDUCAPS, a digital platform aimed at enhancing understanding of insurance and social welfare concepts. EDUCAPS features interactive learning modules and is primarily targeted at younger audiences, with plans for future expansion to additional user groups.

    Financial literacy & educationFinancial literacy and education
  • 2025-09-18IrelandCentral Bank of Ireland

    Central Bank of Ireland raises 2025 Modified Domestic Demand forecast to 2.9% while warning of tariff driven investment and fiscal risks

    The Central Bank of Ireland's third Quarterly Bulletin of 2025 revises the 2025 Modified Domestic Demand forecast to 2.9% amid new EU-US trade tariffs and geoeconomic fragmentation. It highlights downside risks to inward investment and public finances due to reliance on large corporation tax receipts. The Bulletin projects a fiscal deficit of -3.3% of GNI* in 2025, with potential long-term national income reduction under the new US tariff regime.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2025-09-18ItalyBank of Italy

    Bank of Italy publishes Deputy Governor Chiara Scotti’s welcome address for the Economics of Payments conference

    The Bank of Italy published Deputy Governor Chiara Scotti’s welcome address for the “Economics of Payments” conference, co-organized with the Committee on Payments and Market Infrastructures. The event featured Scotti's speech on "Stablecoins in the Payments Ecosystem: Reflections on Responsible Innovation".

    OtherPayments and payment systems
  • 2025-09-18LithuaniaMinistry of Finance (Lithuania)

    Lithuania's Ministry of Finance approves ethics code for National Development Bank ILTE supervisory board members

    Lithuania's Ministry of Finance approved a Code of Ethics for the supervisory board of National Development Bank ILTE UAB, enhancing governance with standards on conflicts of interest and market abuse prevention. Oversight is assigned to ILTE’s compliance officer. The Government also plans to increase ILTE’s capital by EUR 150 million and expects private investment of EUR 850 million to finance strategic projects by 2030.

    Policy & regulationRules & requirementsOther
  • 2025-09-18AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission issues interim DDO stop orders on La Trobe Australian Credit Fund term account products

    The Australian Securities & Investments Commission (ASIC) has issued interim stop orders on the 12 Month Term Account and 2 Year Account products of the La Trobe Australian Credit Fund due to deficiencies in the target market determination. These orders prevent La Trobe Financial Asset Management Limited from dealing in interests, issuing product disclosure statements, or providing financial advice to retail clients. ASIC's concerns include inappropriate portfolio allocation levels and inadequate distribution conditions, following a surveillance review on fund transparency and governance.

    EnforcementInvestigations & enforcement actionsDisclosuresConsumer and investor protection
  • 2025-09-18AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission issues 21-day interim DDO stop order on La Trobe US Private Credit Fund

    The Australian Securities & Investments Commission (ASIC) has issued an interim stop order against the La Trobe US Private Credit Fund, citing concerns that the fund's target market determination does not align with its risk profile. This order restricts La Trobe Financial Asset Management Limited from offering, promoting, or advising on the fund to retail investors. ASIC's concerns include inappropriate portfolio allocation and unspecified investment timeframes, given the fund's focus on high-risk senior secured loans to unrated US middle-market companies.

    SupervisionInterventionsDisclosuresConsumer and investor protection
  • 2025-09-18United StatesNational Credit Union Administration

    National Credit Union Administration reports Share Insurance Fund earned USD 82 million in Q2 2025 with equity ratio at 1.28 percent

    The National Credit Union Administration Board reviewed the Q2 2025 Share Insurance Fund report, noting USD 82.0 million in net income and USD 23.2 billion in total assets. The equity ratio decreased to 1.28 percent, attributed to a 2.9 percent growth in insured shares. The fund can absorb USD 1.4 billion in losses without triggering a premium assessment or restoration plan, and 2025 spending is projected to be USD 7.0 million under budget.

    SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
  • 2025-09-18EuropeEBA Clearing

    European EBA CLEARING announces 10 multinational banks plan to enable One-Leg Out Instant Credit Transfers reachability on RT1 by 2027

    EBA CLEARING announced that 10 major multinational banks, including Barclays, BBVA, and Deutsche Bank, plan to expand reach for One-Leg Out Instant Credit Transfers (OCT Inst) using its RT1 OCT Inst Service. This aligns with the G20 Roadmap for Enhancing Cross-Border Payments, targeting 2027 for broader implementation across Europe. The RT1 system, operational since 2017, currently processes approximately 5.5 million real-time payments daily.

    Policy & regulationImplementation, projects & pilotsCross-border payments
  • 2025-09-18CroatiaMinistry of Finance (Croatia)

    Croatia's Ministry of Finance highlights circular economy gains, blue finance potential and growth in green and sustainability bonds at IFC Day in Zagreb

    Croatia's Ministry of Finance highlighted progress in circular economy practices and blue finance at IFC Day in Zagreb, co-organised with the Croatian Employers' Association and the International Finance Corporation. The conference noted increased municipal waste recycling rates and emphasized Croatia's maritime sector for blue economy investments. Green and sustainability bonds were identified as key instruments, with the IFC programme mobilising USD 332.5 million for green infrastructure and renewable energy from 2019 to 2024.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-09-18GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance sets out Minister Pierrakakis’s Copenhagen agenda for informal Eurogroup and ECOFIN talks

    Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, will attend informal Eurogroup and ECOFIN meetings in Copenhagen, focusing on innovation, digitalisation, and structural reforms. Discussions will include the digital euro, economic developments, and EU legislative efficiency. The minister will also engage in bilateral meetings and visit UN and UNICEF facilities.

    Policy & regulationCooperationOther
  • 2025-09-18United KingdomFinancial Conduct Authority

    UK Financial Conduct Authority secures changes to motor write-off and theft claim settlements and GBP 200m redress

    The Financial Conduct Authority (FCA) announced motor insurers revised settlement practices after underpaying customers on stolen or written-off vehicle claims. About 270,000 motorists are expected to receive GBP 200 million in compensation, with GBP 129 million already paid to nearly 150,000 customers. These changes follow the FCA's Consumer Duty and are part of broader vehicle valuation efforts, including a December 2022 warning and a March 2024 review covering 90% of the market.

    SupervisionInterventionsConsumer and investor protection
  • 2025-09-18GibraltarGibraltar Financial Services Commission

    Gibraltar Financial Services Commission issues AML CFT CPF newsletter on financial inclusion

    The Gibraltar Financial Services Commission's AML/CFT/CPF newsletter highlights financial inclusion's role in combating financial crime. It emphasizes that broader access to regulated services reduces reliance on vulnerable informal channels, while robust frameworks enhance trust and protection. Financial inclusion is key to resilience against money laundering, terrorist financing, and proliferation financing.

    Policy & regulationGuidance & interpretationAML and CFTFinancial inclusion
  • 2025-09-18Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission signs MoU with the UAE Securities and Commodities Authority to expand mutual recognition of public funds

    The Hong Kong Securities and Futures Commission and the UAE’s Securities and Commodities Authority signed a Memorandum of Understanding for a Mutual Recognition of Funds arrangement, enhancing cross-border market access for public funds. This is Hong Kong's first arrangement with a Middle Eastern market and the UAE's first with a jurisdiction outside the region, allowing unlisted foreign funds to be offered directly to UAE retail investors. The agreement was signed on 17 September 2025, following a bilateral meeting.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-18CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario obtains Divisional Court orders and fines up to CAD 25,000 for non-compliance with Insurance Act summonses

    The Financial Services Regulatory Authority of Ontario (FSRA) obtained court orders and monetary sanctions against Kostyantyn Poshtarenko and Anatolii Stoliar for non-compliance with FSRA summonses under the Insurance Act. The Divisional Court of Ontario mandated their attendance for an interview and imposed a CAD 5,000 fine, plus CAD 1,000 daily for continued non-compliance, up to CAD 25,000. This follows FSRA's previous CAD 100,000 penalty on Poshtarenko for unlicensed insurance activity.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-09-18Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert on fraudulent banking websites and internet banking login screens targeting Chong Hing Bank and China CITIC Bank International

    The Hong Kong Monetary Authority (HKMA) has issued an alert regarding fraudulent websites and phishing scams targeting Chong Hing Bank Limited and China CITIC Bank International Limited. The HKMA emphasized that banks will not request sensitive information through SMS, email, or embedded hyperlinks. Customers affected by these scams should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-09-18GlobalInternational Association of Deposit Insurers

    International Association of Deposit Insurers Executive Council approves revised Core Principles for Effective Deposit Insurance Systems

    The International Association of Deposit Insurers (IADI) has approved revised Core Principles for Effective Deposit Insurance Systems, to be presented at the 2025 Annual General Meeting in Lisbon. Member priorities include the Interbank Deposit Protection Fund’s Strategic Guidelines 2025–2027, focusing on innovation and efficiency. Upcoming IADI events include webinars on the Digital Brazilian Real, stablecoin runs, and the Europe Regional Committee Conference.

    Policy & regulationInternational standards & recommendationsOther
  • 2025-09-18FinlandMinistry of Finance (Finland)

    Finland's Ministry of Finance announces Minister Purra will attend informal Ecofin and Eurogroup discussions on regulatory simplification and the digital euro

    Finland's Ministry of Finance announced that Finance Minister Riikka Purra will attend the informal EU finance ministers meeting and the Eurogroup meeting in Copenhagen on 19–20 September. Discussions will focus on simplifying financial market regulation, structural reforms, and the economic impact of geopolitics on Europe. The Eurogroup will also address macroeconomic developments and the digital euro.

    Policy & regulationCooperation
  • 2025-09-18KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan appoints Dauren Salimbayev as Deputy Chair

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan appointed Dauren Niyazbekuly Salimbayev as Deputy Chair. Salimbayev previously directed the Agency’s Department of Methodology and Prudential Regulation, contributing to regulatory approaches, prudential standards, and key financial legislation.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-09-18KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan proposes conduct supervision and a single financial ombudsman office

    The Agency for Regulation and Development of the Financial Market of Kazakhstan proposed draft laws to the Mazhilis to shift financial services oversight to a conduct supervision model and establish a single financial ombudsman office. This model emphasizes consumer protection, fair competition, and effective dispute resolution, aligning with OECD principles. Additionally, a new draft banking law aims to adapt to technological changes, enhance the banking sector's economic role, and liberalize digital asset circulation.

    Policy & regulationRules & requirementsComplaints and dispute resolution
  • 2025-09-18KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan presents draft banking reforms introducing digital financial asset rules and digital tenge status

    The Agency for Regulation and Development of the Financial Market of Kazakhstan has proposed draft legislation to update the banking framework, focusing on fintech and digital financial asset regulation. It allows banks to invest in fintech sectors like AI and cybersecurity, with limits, and introduces regulations for digital assets, including stablecoins. The National Bank would oversee stablecoin issuance, while the Agency would regulate other digital assets and propose tighter controls on payment organizations.

    Policy & regulationRules & requirementsFintech and insurtechRegulatory burden
  • 2025-09-18KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan convenes banks to discuss draft banking law, consumer credit growth and digital tenge use

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan met with financial sector stakeholders to discuss the draft law on Banks and Banking Activity, consumer lending dynamics, and debt prevention measures. The meeting also addressed the introduction of digital financial assets, including the digital tenge, and fraud prevention strategies in the financial market.

    Policy & regulationCooperationSupervision process and methodologiesFinancial stability and systemic risk
  • 2025-09-18GhanaBank of Ghana

    Bank of Ghana outlines monetary policy, supervision and payments priorities to support Ghana’s 24-hour economy and warns on rising NPLs

    The Bank of Ghana, via Governor Dr. Johnson P. Asiama, outlined strategies to support Ghana's "24-hour policy" using monetary policy tools for macroeconomic stability and credit access. The speech addressed rising non-performing loans, emphasizing prudential supervision and payments infrastructure. It highlighted Development Bank Ghana's role in long-term financing and referenced the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) for agribusiness credit support.

    Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
  • 2025-09-18GhanaBank of Ghana

    Bank of Ghana sets out ESG and ethics initiatives including Sustainable Banking Principles for all banks

    At the Global Alliance for Banking on Values Africa Chapter Meeting, the Bank of Ghana highlighted its use of regulation, incentives, and collaboration to promote values-based banking with a focus on ESG integration. It emphasized its Sustainable Banking Principles, developed with the Environmental Protection Agency and the Ghana Association of Banks, supported by the International Finance Corporation. A partnership with the Chartered Institute of Bankers Ghana has also led to a banking sector Code of Conduct and an e-learning program to enhance ethical standards and professionalism.

    Policy & regulationImplementation, projects & pilotsESGFinancial inclusion
  • 2025-09-18TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye joins eight-state launch of the Turkic World Insurance Union

    The Insurance and Private Pension Regulation and Supervision Agency of Türkiye (SEDDK) announced its participation in forming the Turkic World Insurance Union in Shusha, Azerbaijan, to enhance cooperation in insurance and reinsurance among eight states. The Union will focus on strengthening relationships, technology collaboration, and experience sharing. SEDDK Chairman Davut Mentes emphasized Türkiye's technological infrastructure and readiness to support member authorities with supervisory and regulatory practices.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-18UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan highlights forum discussions on integrating Islamic finance instruments into the banking sector

    The Central Bank of the Republic of Uzbekistan hosted an international forum discussing the integration of Islamic finance instruments into the banking sector and sustainable support mechanisms. Experts from over 20 countries attended, marking the first time the event is held in Uzbekistan after 19 editions in Malaysia. A resolution is expected to be signed at the forum's conclusion.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-09-18ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission shares prosecution approach for unlicensed insurance activity with the Bank of Thailand

    The Thailand Office of Insurance Commission (OIC) and the Bank of Thailand discussed strategies for pursuing unauthorised operators in the insurance and banking sectors. The OIC detailed its enforcement methods, including the use of technology tools like CARES and IRIS for fraud detection and licence management. The agencies aim to integrate information to enhance legal proceedings and consumer protection.

    EnforcementEnforcement frameworkUnlicensed or unauthorized activity
  • 2025-09-18Middle EastArab Monetary Fund

    Arab Monetary Fund convenes Tunis workshop on rethinking monetary and fiscal policy amid rising uncertainty

    The Arab Monetary Fund, with the International Monetary Fund and the Central Bank of Tunisia, launched a high-level workshop in Tunis on rethinking monetary and fiscal policies amid rising uncertainty, involving key international financial institutions and experts. Director General Dr. Fahad M. Alturki stressed the need for enhanced coordination and resilient policies to safeguard financial stability in Arab economies.

    Policy & regulationCooperationFinancial stability and systemic riskMonetary policy decisions and developments
  • 2025-09-18LiechtensteinLiechtenstein Financial Market Authority

    Liechtenstein Financial Market Authority warns of phishing emails impersonating the FMA

    The Liechtenstein Financial Market Authority issued an alert regarding phishing emails impersonating its representatives to obtain personal data. The FMA clarified it does not contact individuals by email or phone and is not involved in refunding financial losses. Recipients are advised to verify sender addresses ending with "@fma-li.li" and avoid responding or clicking links in suspicious emails.

    SupervisionAlertsFraud and scams
  • 2025-09-18EuropeEurosif

    Eurosif, EFAMA and PRI call for an ESRS-based voluntary sustainability reporting standard for companies outside CSRD

    Eurosif, the European Fund and Asset Management Association, and Principles for Responsible Investment advocate for a voluntary sustainability reporting standard for companies with over 250 employees, outside the CSRD scope. They warn the European Commission's proposal may cause data gaps and market fragmentation. The organizations suggest using revised ESRS as a basis for scalability and transitioning to mandatory reporting.

    Policy & regulationGuidance & interpretationESGAccounting and financial reporting
  • 2025-09-18BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance participates in Brazil–China finance cooperation meetings with a focus on insurance and reinsurance

    Director Júlia Normande Lins of the Brazilian Superintendence of Private Insurance (SUSEP) attended the 2nd Brazil–China Financial Cooperation Forum and the 11th Economic-Financial Subcommittee meeting in São Paulo. Discussions emphasized insurance and reinsurance's role in supporting long-term investments in infrastructure and industry. Lins stressed the need for closer cooperation in these sectors with Brazil’s Securities and Exchange Commission and Chinese financial authorities.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-18TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan completes MF253814 credit auction with TJS 17 million bids at 7.92%

    The National Bank of the Republic of Tajikistan announced the results of its MF253814 credit auction, with bids reaching TJS 17,000,000 against an issuance volume of TJS 20,000,000 at an annual interest rate of 7.92%. Both the offered rate and the weighted average annual rate were 7.92%.

    Monetary policyMonetary policy instruments & operationsLiquidity riskPrudential risks
  • 2025-09-18United Arab EmiratesUAE Securities & Commodities Authority

    UAE Securities & Commodities Authority and Hong Kong’s Securities and Futures Commission sign mutual recognition framework for cross-border distribution of public investment funds

    The UAE Securities & Commodities Authority and Hong Kong’s Securities and Futures Commission have established a mutual recognition framework for cross-border distribution of public investment funds. This allows eligible funds and management companies to access each other's markets without redundant authorisation. It includes cooperation mechanisms for regulatory coordination, information exchange, and oversight to enhance market efficiency and investor protection.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-18SpainBank of Spain

    Bank of Spain Governor Escrivá backs the digital euro and DLT settlement projects while warning stablecoins could deepen dollar dependence

    Bank of Spain Governor José Luis Escrivá, at the Federación Iberoamericana de Bolsas meeting, highlighted technological changes in payments affecting competitiveness, stability, and monetary autonomy. He warned that widespread use of privately issued stablecoins could undermine public money and increase reliance on the US dollar. Escrivá emphasized the need for regulatory frameworks like the EU's Markets in Crypto-Assets Regulation and central bank innovations, such as the digital euro, to address these challenges.

    Policy & regulationReform agendas & prioritiesCross-border payments
  • 2025-09-18PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines restricts cash payouts above PHP 500,000 and requires enhanced due diligence for large cash transactions

    The Central Bank of the Philippines mandates non-cash channels for payouts over PHP 500,000, requiring enhanced due diligence. Cash payouts are allowed only with additional identification and proof of legitimate purpose. If due diligence fails, financial institutions must file a suspicious transaction report and monitor the account.

    Policy & regulationRules & requirementsAML and CFTPayments and payment systems
  • 2025-09-18EuropeEuropean Central Bank

    European Central Bank working paper links SSM fit and proper suitability concerns to lower bank return on assets and finds positive effect from female appointees

    The European Central Bank's Working Paper No 3115 examines the impact of suitability concerns in the Single Supervisory Mechanism's assessments on bank performance from 2014 to 2023. It finds that appointees with concerns, especially those leading to ancillary measures, correlate with reduced profitability, notably in conflicts of interest and lack of experience. The paper highlights that female appointees generally enhance profitability and notes the ECB's 2023 shift to legally binding ancillary measures for better supervisory outcomes.

    ResearchCorporate governance
  • 2025-09-18PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines welcomes JCR report reaffirming the Philippines A- rating and highlighting strong bank capital and asset quality

    The Central Bank of the Philippines welcomed Japan Credit Rating Agency's report affirming the Philippines' A- credit rating with a stable outlook, citing a strong banking sector and stable financial system. The report highlighted robust loan growth, a lower non-performing loan ratio of 3.1%, and a capital adequacy ratio of 16.5% for universal and commercial banks. Inflation averaged 1.7% in early 2025, with gross international reserves at USD 105.9 billion.

    SupervisionRisk monitoring & watch pointsCredit ratingsAsset qualityCapital adequacy
  • 2025-09-18PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines says BSP Hub has welcomed over 6,000 visitors since May 2025 public opening

    The Central Bank of the Philippines reported that its BSP Hub in Manila has received over 6,000 visitors since opening in May 2025. The Hub serves as a one-stop shop for public services, including handling complaints against BSP-supervised institutions and offering educational tours on the BSP's economic role.

    Institutional developmentOther
  • 2025-09-18PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines highlights BSP Hub one-stop public service centre with over 6,000 visitors since May 2025 opening

    The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) highlighted its mandate to promote price stability during a discussion at its BSP Hub. The Hub, located at the BSP Head Office in Manila, serves as a central access point for public services, including handling complaints, facilitating purchases, and managing transactions related to foreclosed properties. Since opening in May 2025, it has welcomed over 6,000 visitors.

    Institutional developmentOther
  • 2025-09-18South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports insurers’ K-ICS capital ratios rose to 206.8% at end-June 2025

    The South Korea Financial Supervisory Service reported an increase in insurers' capital adequacy under the Korean Insurance Capital Standard (K-ICS) to 206.8% with transitional measures, and 192.1% without, as of June 2025. Available capital rose to KRW 260.6 trillion, driven by net earnings, higher comprehensive income, and new capital securities issuance. The FSS plans to monitor insurers' asset-liability management amid an anticipated easing cycle and guide firms to improve risk management.

    SupervisionRegulatory reportingFinancial and market indicatorsSupervisory data
  • 2025-09-18SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore announces Singapore FinTech Festival 2025 programme focusing on AI tokenisation and quantum computing

    The Monetary Authority of Singapore, with the Global Finance & Technology Network and Constellar, announced the Singapore FinTech Festival 2025 for 12–14 November at the Singapore EXPO. The event will explore AI, tokenisation, and quantum computing in financial security and efficiency. Highlights include over 70 sessions on AI in risk management, tokenisation in capital markets, and quantum computing's impact on cybersecurity, alongside the 10th Global FinTech Hackcelerator and the inaugural GFTN Global Impact Champions Awards.

    OtherFintech and insurtechArtificial intelligenceTokenizationQuantum computing
  • 2025-09-18EstoniaCentral Bank of Estonia

    Central Bank of Estonia reviews 2024 activities and maintains a 1.5% countercyclical capital buffer while strengthening payment resilience

    The Central Bank of Estonia reviewed its 2024 activities, focusing on monetary policy transmission, financial stability, and crisis readiness. It kept the countercyclical capital buffer at 1.5% due to rapid credit growth and increased risk, highlighting updated resilience requirements for key banks. The bank reported a EUR 74 million profit, with EUR 18.5 million transferred to the state budget, and noted ongoing work on digital euro resilience options.

    Monetary policyMonetary policy assessments & outlooks
  • 2025-09-18VietnamVietnam State Securities Commission

    Vietnam State Securities Commission publishes Ministry of Finance decision on new, revised and abolished securities administrative procedures

    Vietnam's Ministry of Finance issued Decision 3169/QD-BTC, detailing changes to administrative procedures in the securities sector, effective 12 September 2025. The Vietnam State Securities Commission has released the decision.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-18VietnamVietnam State Securities Commission

    Vietnam State Securities Commission instructs securities firms and fund managers to strengthen cybersecurity for online trading systems

    The Vietnam State Securities Commission has directed securities firms, fund managers, and fund certificate distributors to enhance information system security for online trading to ensure market stability. Firms must intensify system testing, monitoring, and risk assessment, develop incident response plans, and comply with existing information security regulations. Additional measures include regular data backups, system recovery readiness, and timely software updates.

    Policy & regulationGuidance & interpretationCyber resilience
  • 2025-09-18VietnamVietnam State Securities Commission

    Vietnam State Securities Commission awards VND 1.858bn contract for permanent data wiping solution for classified storage and server systems

    The Vietnam State Securities Commission’s Technology and Digital Transformation Department awarded a contract to Công ty Cổ phần Công nghệ An ninh mạng Quốc gia Việt Nam for VND 1,858,000,000 to deploy a data wiping solution for classified documents. The contract was procured via domestic open competitive bidding, with an implementation period of 180 days. Two other bidders were not selected due to unmet evaluation criteria and ranking.

    Institutional developmentProcurement
  • 2025-09-18MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia hosts second GROWMatch cohort and expands programme to 50 agri and bio-based entrepreneurs

    Securities Commission Malaysia hosted the second GROWMatch cohort, connecting 50 agri and bio-based entrepreneurs with alternative financing. The 2025 edition focused on food security, expanding finalists to 50 and including pitching workshops and capacity building. Supported by various partners, the initiative reported over MYR 10 billion raised via equity crowdfunding and peer-to-peer financing by June 2025.

    Policy & regulationImplementation, projects & pilotsCrowdfunding
  • 2025-09-18BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission extends consultation deadline to 10 October 2025 on targeted amendments to public offering rules

    The Brazil Securities Commission (CVM) has extended the deadline for public consultation on proposed amendments to rules governing public offerings and trading of securities to 10 October 2025. The amendments address obligations in securitisation transactions, use of economic indicators in debt offerings, expense allocation in mixed offerings, and updates for offerings with tax benefits. This consultation is part of the CVM’s Regulatory Agenda 2025.

    Policy & regulationOtherSecurities offerings and listings
  • 2025-09-18GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission issues Russia sanctions notice amending Autel Robotics listing and reminding firms of asset-freeze reporting

    The Guernsey Financial Services Commission amended the designation details for AUTEL ROBOTICS CO., LTD. under the Russia (Sanctions) (EU Exit) Regulations 2019, maintaining an asset freeze and trust services sanctions. Firms must verify relationships with designated entities, freeze relevant assets, and report findings to the States of Guernsey Policy & Resources Committee. Affected firms must also inform the Commission and report under Handbook Rule 12.37.

    Policy & regulationGuidance & interpretationNew sanctions designations
  • 2025-09-18ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay says J.P. Morgan will add Paraguay government bonds to the GBI-EM index in the first half of 2026

    The Central Bank of Paraguay said J.P. Morgan will include Paraguay government bonds in its GBI-EM index from the first half of 2026 with an estimated initial weight of 0.04%. Two guarani-denominated bonds totaling about USD 1 billion already meet the entry criteria. Continued inclusion will depend on factors including issuance regularity and bond size and maturity.

    OtherSecurities offerings and listings
  • 2025-09-18ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay launches public consultation on payment card interoperability and interconnection rules

    The Central Bank of Paraguay has launched a public consultation on draft rules for interoperability and interconnection in the payment cards system, covering credit, debit and prepaid cards. The proposal is tied to the new National Payments System law and is intended to support equitable access, security, efficiency and competition while lowering merchants’ digital payment acceptance costs.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-09-18BahrainCentral Bank of Bahrain

    Central Bank of Bahrain Governor participates in 49th Council of Arab Central Banks meeting and policy roundtable

    The Central Bank of Bahrain's Governor Khalid Humaidan attended the 49th session of the Council of Arab Central Banks and Monetary Authorities’ Governors in Tunisia, discussing monetary and financial sector policies amid uncertainty. Key topics included cybersecurity resilience, banking supervisory practices, payment system modernization, financial technology, and sustainable finance. Humaidan emphasized Bahrain's experience in risk management and the importance of instant payment solutions in the Arab region.

    Policy & regulationCooperationCyber resilienceFinancial stability and systemic risk
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority terminates Securities Dealer Representative accreditation of Lenny Mbiga Ngatia for TGG International Ltd

    The Seychelles Financial Services Authority has revoked the accreditation of Mr. Lenny Mbiga Ngatia, Securities Dealer Representative Licence SDR064, as a representative of TGG International Ltd, effective 18 September 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority terminates accreditation of securities dealer representative Charilaos Charogiannis of Leadcapital Corp Ltd

    The Seychelles Financial Services Authority has revoked the accreditation of Mr. Charilaos Charogiannis as the representative of Leadcapital Corp Ltd under Securities Dealer Representative Licence SDR024, effective 18 September 2025. This action was taken pursuant to section 4(1)(m) of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority terminates Franck Corouna’s securities dealer representative accreditation effective 18 September 2025

    The Seychelles Financial Services Authority has revoked the accreditation of Mr. Franck Corouna as a Securities Dealer Representative and representative of Modmount Services Limited, effective 18 September 2025, under Section 4(1)(m) of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority terminates Mr Nicos Kezarides’ Securities Dealer Representative accreditation SDR206 effective 18 September 2025

    The Seychelles Financial Services Authority has terminated the accreditation of Mr. Nicos Kezarides as a Securities Dealer Representative for TouchStone Markets Limited, effective 18 September 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority terminates Yong Ning Hu’s Securities Dealer Representative accreditation effective 1 July 2025

    The Seychelles Financial Services Authority has revoked the accreditation of Mr. Yong Ning Hu, Securities Dealer Representative Licence SDR131, as the representative of GC Group Ltd, effective 1 July 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-18SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority rejects Peken Global’s Ku Coin VASP application and confirms its redomiciliation outside Seychelles

    The Seychelles Financial Services Authority rejected Peken Global Limited's application under the Virtual Asset Service Providers Act 2024, effective 4 June 2025, and instructed the firm to cease operations or relocate. Peken Global has since migrated its services outside Seychelles. The statement was issued under section 28 of the Financial Services Authority Act 2013.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-18KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic introduces the Bishkek Interbank Rate benchmark and a yield curve tool for the interbank money market

    The National Bank of the Kyrgyz Republic has introduced the Bishkek Interbank Rate (BIR) as a new benchmark interest rate for the interbank money market. BIR will be calculated daily and serve as a reference for pricing various financial instruments. Additionally, the bank has developed a model to visualize the term structure of interest rates, including a yield curve for government and its own securities.

    Monetary policyMonetary policy framework & strategyMarket development
  • 2025-09-18PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission supports AMLC freeze order on 135 bank accounts and 27 insurance policies in flood control money laundering probe

    The Philippine Securities and Exchange Commission supports the Anti Money Laundering Council's investigation into alleged money laundering linked to flood control projects, following a Court of Appeals freeze order on 135 bank accounts and 27 insurance policies. The AMLC's preliminary findings suggest a scheme involving laundering public funds, with the SEC emphasizing corporate governance to prevent misuse of corporate structures for illicit activities.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-09-18KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic convenes thirteenth Eurasian central bank audit advisory council meeting and signs protocol to continue internal audit cooperation

    The National Bank of the Kyrgyz Republic reported on the thirteenth meeting of the Advisory Council on audit activities, involving central banks from the Eurasian Economic Union, Tajikistan, and Kazakhstan. The meeting focused on enhancing internal audit practices, quality control, and performance assessment, alongside discussions on international audit standards and operational practices. A protocol was signed to continue collaborative efforts in these areas.

    Policy & regulationCooperationAuditing
  • 2025-09-18KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic instructs key payment system participants to review systems after QR-code payment disruptions

    The National Bank of the Kyrgyz Republic instructed major payment system participants to reassess technical capabilities and optimize processes to ensure uninterrupted consumer services after recent QR code payment disruptions. The bank emphasized the need for alternative payment methods and compliance with Kyrgyz law for continuous cashless settlement operations. QR-code payments surged to KGS 274.9 billion in the first half of 2025, a 19.9-fold year-on-year increase.

    SupervisionInterventionsPayments and payment systems
  • 2025-09-18UgandaUganda Insurance Regulatory Authority

    Uganda Insurance Regulatory Authority grants a health insurance exception allowing agents to hold an additional licence in the same class

    The Uganda Insurance Regulatory Authority has granted an exception allowing insurance agents to represent two insurers in the same class of business to address health insurance distribution constraints. This permits agents of insurers not offering health insurance to also act for one additional health insurer, subject to compliance and disclosure requirements. The Authority will oversee compliance and may adjust the approval as necessary.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-18EcuadorCentral Bank of Ecuador

    Central Bank of Ecuador reports appointment of new Financial and Monetary Policy and Regulation Board and election of its chair

    Ecuador’s National Assembly has appointed five members to the Financial and Monetary Policy and Regulation Board, the Central Bank of Ecuador's highest governing body, following reforms to the Organic Monetary and Financial Code. The Board, responsible for formulating various financial policies and regulations, elected Gustavo Camacho as Chair and María Isabel Camacho as Acting Chair for two-year terms.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-09-18United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs presses DOJ on Trump administration ties to Binance and reported plan to drop settlement monitor

    U.S. Senate Committee members, including Elizabeth Warren, have requested information from Attorney General Pam Bondi about the Trump Administration's oversight of Binance's compliance with its 2023 guilty plea and USD 4.3 billion settlement. Concerns include Binance's timeline for exiting the U.S. market and potential removal of its compliance monitor. The Senators also highlighted reports of increased financial ties between President Trump and Binance.

    Policy & regulationOther
  • 2025-09-18United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Democrats press FDIC Inspector General to restart suspended review of staffing cuts

    The minority of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Elizabeth Warren and Chris Van Hollen, objected to suspending the FDIC Inspector General's review of succession management and employee retention amid staffing cuts. They argue that these reductions, including a 20% workforce cut in April 2025, weaken bank supervision and heighten the risk of bank failures. The senators requested a timeline for the review's resumption and clarification on whether the Trump Administration influenced its suspension.

    OtherSupervision process and methodologies
  • 2025-09-18ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission imposes THB 264,791,946 in civil sanctions on 17 offenders for ECF share price and volume manipulation

    The Thailand Securities and Exchange Commission's Civil Sanction Committee has imposed civil sanctions on 17 individuals for manipulating the share price or trading volume of East Coast Furnitech Public Company Limited. Sanctions include payments totaling THB 264,791,946, trading and management bans, and potential Civil Court action for non-compliance. The penalties and compensation will be remitted to the Ministry of Finance.

    EnforcementSanctions & designationsMarket abuse
  • 2025-09-18CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada registration breach cited as RCMP seizes over CAD 56 million in crypto from TradeOgre

    The Royal Canadian Mounted Police dismantled the TradeOgre cryptocurrency exchange, seizing over CAD 56 million in cryptoassets for failing to register with the Financial Transactions and Reports Analysis Centre of Canada and identify clients. Initiated by a Europol tip, the investigation revealed the platform's use of anonymity features to conceal criminally sourced funds. Transaction data will be analyzed for potential charges as the investigation proceeds.

    EnforcementInvestigations & enforcement actionsAML and CFTUnlicensed or unauthorized activity
  • 2025-09-18CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada imposes CAD 93,390 administrative monetary penalty on Primary Capital Inc for anti-money laundering compliance failures

    The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 93,390 penalty on Primary Capital Inc for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate compliance policies, risk assessments, and failure to identify politically exposed persons. FINTRAC has issued 23 notices of violation in 2024–25, totaling over CAD 25 million.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-09-18RussiaCentral Bank of Russia

    Central Bank of Russia launches second All-Russian Financial Culture Capital competition with entries open until 20 October 2025

    The Central Bank of Russia and the Russian Ministry of Finance have launched the second All-Russian Financial Culture Capital Competition to enhance financial literacy across regions. Winning projects will receive support and host the annual conference on best practices. The competition, held annually since 2024, awards Financial Culture Capital status for one year.

    Financial literacy & educationFinancial literacy and education
  • 2025-09-18MaltaCentral Bank of Malta

    Central Bank of Malta Governor chairs Commonwealth Central Bank Governors Meeting on economic resilience amid international policy shifts

    Central Bank of Malta Governor Professor Edward Scicluna chaired a virtual meeting of Commonwealth Central Bank Governors, focusing on national and global economic challenges. The meeting, attended by governors, senior officials, and observers from 56 member countries, was themed “Strengthening Economic Resilience Amidst the International Policy Shifts”.

    Monetary policyOtherEconomic data and developmentsMonetary policy decisions and developments
  • 2025-09-18EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association urges EU policymakers to create an ESRS-based voluntary sustainability reporting standard for small and mid-caps outside CSRD

    The European Fund and Asset Management Association, Eurosif, and the Principles for Responsible Investment advocate for a voluntary sustainability reporting standard for companies with over 250 employees, excluded from the Corporate Sustainability Reporting Directive (CSRD) scope. They warn that the European Commission's proposal may cause ESG data gaps and market fragmentation, suggesting a voluntary regime based on revised European Sustainability Reporting Standards (ESRS) to improve disclosure comparability and reliability.

    Policy & regulationReform agendas & prioritiesESG
  • 2025-09-18United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee holds fraud and scams oversight hearing and seeks details on the Federal Reserve’s anti-fraud work

    The U.S. House Financial Services Committee’s Oversight and Investigations Subcommittee, led by Chairman Dan Meuser, held a hearing on financial fraud impacting American families. Meuser highlighted Federal Trade Commission data showing 2.6 million fraud reports in 2024 with consumer losses exceeding USD 12 billion, a 25% increase from 2023. He also noted recent actions by the Trump Administration and financial authorities, and requested details on the Federal Reserve's fraud prevention efforts.

    Policy & regulationOtherFraud and scams
  • 2025-09-18United StatesU.S. Financial Services Committee

    U.S. Financial Services Committee reviews rising financial fraud and asks Federal Reserve for details on mitigation and consumer outreach

    The U.S. Financial Services Committee’s Subcommittee on Oversight and Investigations held a hearing on the increasing impact of financial fraud on American consumers, highlighting schemes like check washing, identity theft, and AI-enabled impersonation. The hearing noted 2.6 million fraud cases in 2024 with USD 12.5 billion in losses, emphasizing transnational networks and low recovery rates. Witnesses urged a comprehensive response involving telecom, social media, mail security, and enhanced government intelligence-sharing.

    Policy & regulationCooperationFraud and scams
  • 2025-09-18United StatesU.S. Financial Services Committee

    U.S. House Committee on Financial Services presses Federal Reserve for information on payments fraud mitigation and consumer outreach

    The U.S. House Committee on Financial Services and two subcommittees have requested information from Federal Reserve Chair Jerome Powell on efforts to combat rising payments fraud. The inquiry seeks details on consumer outreach, plans to address scams, the Fed's organizational structure, and external collaborations. The letter highlights concerns over increasing check fraud and broader fraud losses.

    Policy & regulationOtherFraud and scams
  • 2025-09-18United StatesU.S. Financial Services Committee

    U.S. Financial Services Committee subcommittee holds hearing on financial sector use of AI and regulatory readiness

    The U.S. Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence held a hearing to evaluate AI use in financial services and its regulatory implications. Chairman Bryan Steil emphasized the need for a regulatory framework supporting responsible AI adoption without hindering innovation, referencing existing legislation like the CLARITY Act and the GENIUS Act. The hearing aims to inform future policy to enhance U.S. competitiveness in AI-driven financial technology.

    Policy & regulationOtherArtificial intelligence
  • 2025-09-18PakistanState Bank of Pakistan

    State Bank of Pakistan to hold Women Entrepreneurship Day 2025 nationwide events and awards on 19 November

    The State Bank of Pakistan will celebrate Women Entrepreneurship Day 2025 on 19 November with nationwide workshops and campaigns to enhance women's financial inclusion and entrepreneurial skills. The main ceremony in Karachi will honor high-performing banks and women-led businesses and announce winners of the Business Idea Competition 2025. Last year's outreach engaged over 1,500 women entrepreneurs and facilitated PKR 24 billion in bank disbursements to over 20,000 women-led businesses.

    Financial literacy & educationDiversity and inclusion
  • 2025-09-18CanadaOffice of the Superintendent of Financial Institutions

    Canada's Office of the Superintendent of Financial Institutions discusses updated Supervisory Framework, AMP enforcement and 2025–26 risk outlook

    Canada's Office of the Superintendent of Financial Institutions (OSFI) highlighted its focus on pressing risks and policy modernization. Updates include an enhanced Supervisory Framework for transparency and flexibility, and a risk-based Administrative Monetary Penalty framework to encourage compliance. These initiatives align with OSFI's mandate to protect financial stakeholders while fostering competitive and innovative institutions.

    SupervisionSupervision approach, priorities & toolkitRisk analysis and outlookSupervision process and methodologies
  • 2025-09-18CanadaOffice of the Superintendent of Financial Institutions

    Office of the Superintendent of Financial Institutions sets out regulatory efficiency measures and a dedicated Integrity and National Security team

    Superintendent Peter Routledge of the Office of the Superintendent of Financial Institutions (OSFI) emphasized regulatory efficiency while maintaining prudential safeguards, highlighting burden-reduction measures, capital adjustments, and a focus on integrity, cyber, and national security risks. Key actions include rescinding outdated guidelines, adjusting capital charges, and enhancing climate risk quantification. OSFI is also addressing AI-related risks and collaborating with Canadian security agencies, with plans to release its Risk Outlook in October 2025.

    Policy & regulationRules & requirementsFinancial stability and systemic riskPrudential risks
  • 2025-09-18EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority mandates a consumer finance blacklist and market-wide bans to curb cashing out of consumer finance

    The Egypt Financial Regulatory Authority mandates the Consumer Finance Union to create a prohibition list of entities and individuals who have misused consumer finance for cash conversion. Consumer finance companies must cease dealings with those involved and report them to the union, which will maintain and update the list. An electronic link with the authority will facilitate data sharing, and credit information companies will be informed of violators.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-09-18EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority mandates immediate reporting of approved credit limits to the Egyptian credit information company and bans charges on unused limits

    The Egypt Financial Regulatory Authority mandates non-bank finance companies to report approved credit limits to the Egyptian credit information company immediately, regardless of usage, and prohibits charging fees on unused limits. This change from end-of-month to immediate reporting aims to enhance credit data accuracy and support creditworthiness verification. Fees should only apply to the utilised portion of financing.

    Policy & regulationRules & requirementsCredit riskPrudential risks
  • 2025-09-18EgyptEgypt Financial Regulatory Authority

    Egypt's Financial Regulatory Authority signs cooperation protocol with Egypt's Court of Cassation on joint legal and supervisory training

    The Egypt Financial Regulatory Authority and Egypt’s Court of Cassation signed a cooperation protocol to facilitate specialised training and workshops for judges and FRA staff. The initiative aims to enhance legal and regulatory drafting skills and improve integration of legal and regulatory perspectives in non-banking financial markets.

    Institutional developmentCooperation & capacity buildingDomestic cooperation
  • 2025-09-18MauritiusBank of Mauritius

    Bank of Mauritius denies media allegations of unauthorised Rs500,000 payment and invoice splitting to evade procurement rules

    The Bank of Mauritius refuted media claims that its Governor and First Deputy Governor authorized a Rs500,000 payment to an external legal adviser without Board approval. It clarified that no such payment or cumulative payments of Rs500,000 have been made by the current management.

    Institutional developmentGovernanceCorporate governanceFraud and scams
  • 2025-09-18United StatesFederal Reserve Board

    Federal Reserve Board issues consent prohibition orders against former First Horizon and M&T employees over customer data and fund misappropriation

    The Federal Reserve Board executed consent prohibition orders against two former bank employees for alleged customer-related misconduct. Jermal McGlown of First Horizon Bank was cited for misappropriating customer data, while Rahimlen Dean of Manufacturers and Traders Trust Company was cited for misappropriating customer funds.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-09-18LiechtensteinFinance Liechtenstein

    Finance Liechtenstein highlights S&P Global reaffirmation of Liechtenstein banking sector stability in BICRA Group 2

    Finance Liechtenstein reported that S&P Global reaffirmed Liechtenstein's banking sector stability, maintaining its position in BICRA Group 2. The assessment highlights conservative business models, robust capitalisation, strong liquidity, and low credit risk. Additional factors include a resilient economy, low loan-to-value ratios, and IMF membership providing liquidity support and technical assistance.

    Data & statisticsFinancial stability and systemic risk
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission convenes roundtable to inform next steps on Regulation NMS trade-through prohibitions

    The U.S. SEC’s Division of Trading and Markets held a Roundtable on Trade-Through Prohibitions to assess the Regulation NMS trade-through framework, focusing on Rule 611. Discussions evaluated the framework's relevance and compared it with other investor-protection mechanisms, with insights from the Office of Analytics and Research on trade-through rates and market structure changes. The event included panels on the historical and current role of trade-through prohibitions and potential future directions.

    Policy & regulationReform agendas & prioritiesTrading
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Commissioner Crenshaw spotlights review of foreign private issuer rules and guardrails for retail access to private markets

    At the SEC's Investor Advisory Committee meeting, Commissioner Caroline A. Crenshaw discussed policy changes on foreign private issuers and retail investor access to private markets, emphasizing investor protection. She highlighted disclosure gaps and regulatory advantages for foreign issuers, especially from non-extradition jurisdictions, and stressed robust disclosures in private markets. Crenshaw advocated for Regulation D reforms to ensure expanded access includes consistent investor information and reporting.

    Policy & regulationReform agendas & prioritiesSecurities offerings and listings
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Commissioner Peirce questions proposed caps and added disclosure for retail access to private markets

    The U.S. Securities and Exchange Commission published remarks by Commissioner Hester M. Peirce linking the review of foreign private issuer (FPI) eligibility with retail investor access to private market assets. Peirce questioned current FPI disclosures and the role of regulatory bodies in determining private-market investment suitability. She critiqued proposals for increased issuer disclosure requirements and prudential investment limits, advocating for broader investor access.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission Chair Atkins highlights foreign private issuer eligibility review and ends staff comments restricting certain closed-end funds to accredited investors

    SEC Chairman Paul S. Atkins discussed a concept release for updating foreign private issuer accommodations, possibly adding conditions like minimum foreign trading volume. He noted a shift in the registration review of certain closed-end funds, removing the sales limitation to accredited investors, linked to private market growth and increased oversight. The SEC is exploring ways to facilitate individual participation in private markets with appropriate safeguards.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Chair Atkins calls for a course correction on Regulation NMS trade-through prohibitions

    SEC Chairman Paul S. Atkins, in a roundtable, called for reassessing Rule 611 of Regulation NMS, citing its impact on market fragmentation and liquidity. He argued the rule's price focus limits prioritizing other execution factors like speed and order-type attributes. Atkins emphasized the need for SEC staff to review Regulation NMS to prevent past regulatory errors.

    Policy & regulationReform agendas & prioritiesTrading
  • 2025-09-18United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Commissioner Peirce frames options to amend or repeal Regulation NMS trade-through rule

    SEC Commissioner Hester M. Peirce discussed potential amendments to Rule 611 of Regulation NMS at a roundtable on trade-through prohibitions. Key considerations include whether revised rules should apply only to exchanges above a certain volume threshold and implications for other Regulation NMS provisions. Peirce emphasized the need to consider market structure complexity and technological changes in any amendments.

    Policy & regulationReform agendas & prioritiesTrading
  • 2025-09-18United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency issues five prohibition orders and terminates two cease and desist orders in September 2025

    The Office of the Comptroller of the Currency (OCC) reported no new enforcement actions against national banks or federal savings associations for September 2025. The OCC issued five Orders of Prohibition against former bank employees for fraudulent activities and terminated two previous Cease and Desist Orders against Gateway Bank, F.S.B. and Vast Bank, N.A.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-09-18United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency realigns bank supervision into three business lines and reorganizes the Chief National Bank Examiner office

    The Office of the Comptroller of the Currency (OCC) announced a new framework for bank supervision, effective 1 October, with three lines of business: Large and Global Financial Institutions, Regional and Midsize Financial Institutions, and Community Banks, each led by a Senior Deputy Comptroller. The Office of the Chief National Bank Examiner will reorganize into five divisions, with the Office of Financial Technology reporting directly to the Chief National Bank Examiner.

    Institutional developmentMandate & organizational structureOrganizational structure
  • 2025-09-18MaltaMalta Financial Services Authority

    Malta Financial Services Authority issues transfer instrument moving Satabank depositor liabilities over EUR 30,000 and legally blocked accounts to the Residual Balances Fund

    The Malta Financial Services Authority issued a Deposit Liability Transfer Instrument for Satabank plc, transferring certain depositor liabilities and corresponding assets to the Residual Balances Fund. This applies to accounts with balances exceeding EUR 30,000 or with legal impediments. Depositors with balances of EUR 30,000 or less and no legal impediments will receive distributions directly from Satabank’s Controller.

    SupervisionInterventionsConsumer and investor protection