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2025-09-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission Board has approved senior management appointments and organizational restructuring effective 1 January 2026. Ms. Sucha Boonyanate will become Deputy Secretary-General, overseeing the Fundraising and Accounting Supervision and Sustainable Development Divisions, while Mr. Siwakorn Karnasuta will be Assistant Secretary-General for the Legal Division. The restructuring reallocates divisions under various Deputy Secretaries-General, including Mr. Thawatchai Pittayasophon, Ms. Jomkwan Kongsakul, and Mr. Anek Yooyuen.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-16•Russia•Central Bank of Russia
The Central Bank of Russia released a consultation paper addressing the economic and financial risks posed by climate change, emphasizing the need for enhanced risk assessment tools and improved stress testing. The paper highlights potential GDP losses of 1–2% annually due to climate impacts, while also noting possible benefits if preventive measures are implemented. Feedback on the proposed methods for assessing these risks is invited.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-09-16•Russia•Central Bank of Russia
The Central Bank of Russia has unveiled the draft Russian Financial Market Development Programme for 2026–2028, focusing on capital market development, IPO transparency, long-term investment appeal, and investor protection. It emphasizes digital and payment infrastructure projects and financial market innovations while addressing systemic risks. The programme incorporates feedback from financial institutions, aligns with current economic objectives, and discussions in the State Duma are anticipated.
Policy & regulationReform agendas & prioritiesMarket development
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2025-09-16•Russia•Central Bank of Russia
The Central Bank of Russia reported an average maximum interest rate of 15.59% on Russian ruble deposits for the first 10 days of September 2025, based on data from the 10 largest credit institutions by household deposits. The rates, excluding special conditions and specific deposit categories, varied by maturity, with 15.14% for up to 90 days and 12.39% for over one year.
Data & statisticsFinancial and market indicators
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2025-09-16•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria issued a circular to Domestic Systemically Important Banks (DSIBs) detailing succession-planning expectations for Managing Director/Chief Executive Officers (MD/CEOs). DSIBs must secure approval for successor appointments six months before the current MD/CEO's tenure ends and publicly announce successors three months prior to the planned exit. The circular emphasizes compliance with the Central Bank's Corporate Governance Guidelines.
Policy & regulationRules & requirementsLeadership change and appointments
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2025-09-16•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) and the IOTA Foundation are partnering to explore how the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) can enhance secure digital identity in global supply chains, aiming to improve transparency and reduce friction in cross-border trade. Initial proof-of-concept work focuses on streamlining customs checks, simplifying supply chain processes, enabling secure digital payments, and expanding trade finance access.
Policy & regulationImplementation, projects & pilots
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2025-09-16•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) partnered with the IOTA Foundation to explore using the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) for secure digital identity in global supply chains. They aim to leverage IOTA's distributed ledger technology to enhance transparency and reduce cross-border trade friction. Initial proof-of-concept work targets streamlining customs checks, simplifying supply chain processes, enabling secure digital payments, and expanding trade finance access.
Policy & regulationImplementation, projects & pilots
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2025-09-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning against Aurora Stocks, stating it is not registered to deal or advise in securities in New Brunswick. The alert clarifies that this warning does not apply to other similarly named businesses, such as Aurora Cannabis Inc. The UK Financial Conduct Authority has also warned that Aurora Stocks has been impersonating the legitimately authorised Aurora Financial IFA Limited.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-09-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned against Aurora Stocks and CapricornXPro, stating they are not registered to deal or advise in securities in New Brunswick. Aurora Stocks falsely claims association with the authorised Aurora Financial IFA Limited, while CapricornXPro is linked to complaints involving Quantum. Investors should verify registration status using the National Registration Search tool.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-09-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission issued a warning against CapricornXPro, which is not registered to deal or advise in securities in New Brunswick. The alert highlights the firm's operations through various websites and advises investors to avoid unregistered firms. Similar warnings were issued by the Manitoba Securities Commission and Quebec's Autorité des marchés financiers.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-09-16•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) requires credit providers extending credit to natural persons, excluding consumers, to register with the Positive credit register by 31 October 2025. This applies to professional traders, even if not supervised by FIN-FSA, with exceptions for occasional credit or credit for purchasing the trader's own products. Reporting includes credit to business name entrepreneurs and agricultural operators with Finnish residency and identity code.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-09-16•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority's chair, Mohamed Farid, emphasized non-banking financial services for real estate funding and reported 17 applications under the Authority’s digital platform for real estate investment funds. Farid noted 30 securitisation bond issuances totaling EGP 77.2bn, 36.6% of total issuance value from 2022 to August 2025. Updates to Egyptian accounting standards and potential listing incentives were also discussed to bolster institutional investment and the securities market supply side.
Policy & regulationImplementation, projects & pilotsMarket developmentSecurities offerings and listings
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2025-09-16•United States•Federal Reserve Board
Dr. Stephen I. Miran has joined the Board of Governors of the Federal Reserve System after being confirmed by the United States Senate. His term will conclude on 31 January 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-16•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets announced a memorandum to establish a modern stock exchange with the Bucharest Stock Exchange to develop the capital market and attract investment. The EUR 3 million public-private project involves a consortium including Moldova Agroindbank and Vienna Insurance Group, focusing on financing for SMEs and expanding investment opportunities. The exchange will utilize BVB technology for secure and transparent trading.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-09-16•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved a bond prospectus for GEK TERNA SA and authorised POS Global Investors S.A. as an Alternative Investment Fund Manager. It also approved a squeeze-out by OLYMPIA HOLDINGS S.A., delisted KEPENOU MILLS S.A. and METLEN ENERGY & METALS S.A. from the Athens Stock Exchange, and removed DASK Capital from its virtual asset-related registers.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-09-16•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority's report on Njord Alternative Investments AS highlights non-compliance with sustainability disclosure requirements. The firm used misleading marketing by displaying a "Signatory of PRI Principles for Responsible Investments" logo without corresponding SFDR commitments and failed to publish required "comply or explain" disclosures under SFDR Articles 4 and 7 on principal adverse impacts.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-09-16•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority has released a Pension Plan Administrators’ Guide to enhance governance for employer-sponsored pension plans. The guide centralizes BCFSA materials and industry resources, focusing on minimum standards under the Pension Benefits Standards Act and Regulation.
Policy & regulationGuidance & interpretationCorporate governance
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2025-09-16•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) released a Pension Plan Administrators’ Guide to enhance governance for employer-sponsored pension plans in British Columbia. The guide centralizes access to BCFSA resources and industry materials, aligning with minimum standards under the Pension Benefits Standards Act and Regulation.
Policy & regulationGuidance & interpretationCorporate governance
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2025-09-16•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chair Wu Qing met with IOSCO Board Chair Jean-Paul Servais and Secretary General Rodrigo Buenaventura to discuss strengthening IOSCO's role and advancing multilateral cooperation in global securities regulation.
Policy & regulationCooperationCross-border cooperation
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2025-09-16•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president, Roberto E. Silva, discussed the CNV's regulatory framework for tokenisation and Virtual Asset Service Providers (PSAVs) at a Cámara de Sociedades forum. He addressed questions on the Regime for Tokenisation of Negotiable Securities and the PSAV regulatory regime. The session was part of broader discussions on financing projects in sectors like mining, energy, and agribusiness.
Policy & regulationGuidance & interpretation
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2025-09-16•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) participated in the second Economic Cybercrime Meeting organized by the Córdoba Public Prosecutor’s Office. CNV's Victoria Donato discussed criminal policy and cryptoassets, focusing on prosecution challenges and Argentina’s crypto ecosystem. The event emphasized emerging challenges, prevention tools, and public-private collaboration in the crypto sector.
Policy & regulationCooperationCyber resilienceRegtech and suptech
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2025-09-16•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1085 to amend its framework for Collective Investment Products, streamlining authorisation and registration by removing non-essential requirements. The changes harmonise rules for Financial Trusts and Common Investment Funds, consolidating provisions and creating specific chapters for each regime. This reorganisation reduces the rule text by 33 articles.
Policy & regulationRules & requirementsLicensing framework and process
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2025-09-16•South Korea•Bank of Korea
The Bank of Korea reported that in August 2025, both the Export and Import Price Indexes rose month-on-month by 0.7% and 0.3%, respectively, but declined year-on-year by 1.0% and 2.2%. The Net Barter Terms of Trade Index improved by 2.9% compared to the previous year.
Data & statisticsEconomic data and developments
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2025-09-16•United States•U.S. Department of the Treasury
The U.S. Treasury's OFAC designated two Iranian financial facilitators and over a dozen individuals and entities in Hong Kong and the UAE for coordinating funds transfers benefiting the Islamic Revolutionary Guard Corps-Qods Force and Iran’s Ministry of Defense. This action, under Executive Order 13224, targets Iran's "shadow banking" infrastructure, blocking all U.S. jurisdictional property of the designees and warning foreign financial institutions of potential secondary sanctions.
EnforcementSanctions & designationsNew sanctions designations
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2025-09-16•Moldova•National Bank of Moldova
The National Bank of Moldova participated in the International Conference on Anti-Money Laundering (AML) and Compliance in Chisinau, with Governor Anca Dragu emphasizing the importance of compliance and international cooperation for financial stability and European integration. Discussions addressed AML and compliance trends, risks related to beneficial owners, fraud prevention, and digital solutions.
Policy & regulationInternational standards & recommendationsAML and CFTCompliance
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2025-09-16•Moldova•National Bank of Moldova
The National Bank of Moldova issued Decision No. 210, approving a regulation for insurance companies to conduct simultaneous activities, effective 16 October 2025.
Policy & regulationRules & requirementsLicensing framework and process
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2025-09-16•Isle of Man•The Treasury (Isle of Man)
The Treasury (Isle of Man) amended the Customs (Contravention of a Relevant Rule) Regulations 2009, introducing a new civil penalty for breaches related to the movement or examination of goods, effective 15 September 2025. The amendment includes a fine of up to GBP 1,000 for failing to transport goods to designated examination locations. This update aligns Isle of Man customs rules with the United Kingdom under the Customs and Excise Agreement 1979.
Policy & regulationRules & requirementsOther
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2025-09-16•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE's Governor, Khaled Mohamed Balama, attended the 85th Gulf Cooperation Council Central Bank Governors Committee meeting in Kuwait. Discussions focused on strengthening cooperation in monetary policy, financial systems, and banking services, with emphasis on payment systems, supervision, financial technology, cybersecurity, international cooperation, and combating money laundering and terrorism financing.
Policy & regulationCooperationCross-border cooperationMonetary policy decisions and developments
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2025-09-15•South Africa•National Treasury (South Africa)
South Africa's National Treasury, via Deputy Minister Ashor Sarupen, stressed financial inclusion at the G20 Global Partnership for Financial Inclusion Working Group, focusing on transitioning from access to usage of financial services for underserved groups. The speech highlighted the economic importance of MSMEs and the informal sector, advocating for better financial literacy, consumer protection, and tailored financial products. Domestically, the National Treasury's Financial Inclusion Policy and legislative reforms aim to enhance financing channels, including the Johannesburg Stock Exchange and non-bank finance options.
Policy & regulationReform agendas & prioritiesSME financing
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2025-09-15•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported its August 2025 balance sheet, showing total assets of EUR 1.98 billion, an increase of EUR 119.03 million from July. International reserve assets rose to EUR 1.56 billion, driven by higher deposits from the Budget of the Republic of Kosovo, commercial banks, the Kosovo Privatization Agency, and pension funds. Investments abroad in deposits and securities reached EUR 1.46 billion, with central bank deposits totalling EUR 1.69 billion.
Data & statisticsBalance of payments and other external statistics
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2025-09-15•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has partnered with Ant International to enable Alipay+ payments in Saudi Arabia via the National Payment System (mada) by 2026. Announced at the Money20/20 Middle East conference, this initiative supports SAMA's goal to enhance the digital payments ecosystem under Saudi Vision 2030, promoting a shift towards a less cash-dependent economy. The integration will allow visitors and global digital wallet users to transact with participating merchants.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-09-15•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority (SAMA) launched Google Pay in Saudi Arabia via the mada national payment system, announced at the Money20/20 Middle East Conference in Riyadh. This allows users to manage mada and credit cards through Google Wallet for digital payments. It aligns with SAMA's agenda to enhance digital payments under the Financial Sector Development Program and Saudi Vision 2030, promoting a less cash-dependent economy.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-09-15•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank has granted Vision Bank a non-objection to begin digital banking operations in Saudi Arabia. This decision aligns with SAMA's strategy to enhance financial sector stability, stimulate economic growth, and support Saudi Vision 2030 objectives, including financial inclusion and digital economy development.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-15•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority and the Central Bank of Syria discussed expanding cooperation in financial services during Money 20/20 Middle East. Key topics included technical support, banking supervision, fintech, payments, monetary policy, and remittance regulation. The governors agreed to maintain communication and exchange visits, with the Syrian governor also meeting Saudi bank officials to explore further collaboration.
Policy & regulationCooperationDomestic cooperation
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2025-09-15•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro announced the start of the IMF's annual Article IV consultations in Podgorica, focusing on Montenegro's economy, outlook, and policies. The IMF delegation, led by Srikant Seshadri, is engaging with key government officials and private sector representatives to discuss economic trends and financial stability. Preliminary findings will be presented on 26 September at a joint press conference.
ResearchEconomic data and developmentsFinancial stability and systemic risk
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2025-09-15•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission conducted a workshop at the Competition Regulatory Authority to enhance cooperation and align regulatory practices. The session featured presentations on capital markets fundamentals, regulatory principles, and frameworks, with opening remarks by Board Member Dr Nelson Lembe.
Policy & regulationCooperationCross-border cooperation
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2025-09-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority fined Investors Group Holding Company and executives, including the chairman, vice chairman, and CEO, for breaches of Listing Rules, Corporate Governance rules, and securities activities requirements. The company was fined KD 10,000 for not applying IFRS 10 and KD 1,000 for late financial statement filing. Additional fines were imposed on board members and the external auditor for governance and audit-related breaches.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Arabi Group Holding Company for failing to submit interim financial statements as required by the Listing Rules. The breach pertains to Item (1) of Article (1-16-1) of Module Twelve of the Executive Bylaws of Law No. 7 of 2010. The company missed the submission deadline for the period ending 31 March 2025, and the statements remained outstanding at the time of the decision.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority’s Disciplinary Board fined Equipment Holding Company KD 10,000 for breaching disclosure and transparency requirements for listed companies. The penalty, under Disciplinary Board Resolution No. 23/2025, pertains to the company's failure to disclose a capital restructuring agenda item on Boursa Kuwait as required by the Executive Bylaws to Law No. 7 of 2010.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-09-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Kuwait Business City Real Estate Company for breaching disclosure and transparency requirements. The company failed to disclose a KD 10,000,000 investment in bank bonds on Boursa Kuwait Stock Exchange, violating Article (4-1-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-09-15•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission (KNF) announced that the Steering Committee of the National Working Group on Reference Rate Reform approved recommendations for new banking, leasing, and factoring products based on POLSTR. The recommendations were finalized after addressing public consultation feedback.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2025-09-15•Italy•Italian Securities Commission (Consob)
The Italian, French, and Austrian financial authorities issued a joint paper advocating for a stronger EU supervisory framework for crypto markets, citing cyber risk gaps and non-EU platform access. Despite MiCA's EU authorisation requirement, national supervisory differences persist. They propose direct ESMA supervision and enhanced cyber-risk oversight, aligning with 2023 recommendations from the Financial Stability Board and IOSCO.
Policy & regulationCooperation
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2025-09-15•Europe•European Banking Authority
The European Banking Authority released a revised list of validation rules under its Implementing Technical Standards on supervisory reporting, noting deactivated rules due to errors or IT issues. EU competent authorities are advised not to validate submissions against these deactivated rules. A small validation package, including a micro taxonomy package and update scripts, is required from release 4.0 for consistent rule deactivation.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements (BIS) published a Quarterly Review article analyzing its debt securities statistics, revealing a shift from loans to bonds in global debt financing since the 2008–09 crisis. By end-2024, global debt securities exceeded USD 150 trillion, with government issuance driving market expansion. The article highlights challenges in monitoring risks due to shifts in currency and duration exposures, particularly for non-bank financial institutions and non-financial corporations.
ResearchMarket developmentFinancial stability and systemic risk
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements has introduced a new taxonomy for classifying central banks' monetary policy frameworks, moving beyond traditional "corridor" and "floor" labels. This classification uses two dimensions: the marginal opportunity cost of holding reserves and the quantity of reserves. Research applied to 12 jurisdictions reveals significant variations in these dimensions and unexpected similarities across different frameworks.
ResearchMonetary policy operations
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2025-09-15•France•France Autorite des marches financiers
France's Financial Markets Authority, Austria's Financial Market Authority, and Italy's National Commission for Companies and the Stock Exchange propose enhancing the EU supervisory framework for crypto-asset markets due to national divergences in MiCA implementation. Key proposals include ESMA direct supervision of major providers, stricter requirements for EU-facing platforms outside the EU, and enhanced cybersecurity measures. They also suggest a clearer process for reviewing crypto-asset white papers and a potential ESMA-run single filing point for token offerings, excluding stablecoins.
Policy & regulationCooperationFintech and insurtechRegulatory reporting
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2025-09-15•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) joined Expo Mercado de Valores 2025 in Santo Domingo, supporting financial literacy and responsible investment. Key figures included Vice President Raquel Peña and Central Bank Governor Héctor Valdez Albizu, discussing securities market transactions and regulatory updates. SIPEN promoted its conocetufuturo.do platform for retirement financial planning.
Financial literacy & educationFinancial literacy and educationMarket development
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2025-09-15•Australia•Australian Securities & Investments Commission
ASIC has initiated four civil penalty proceedings against ANZ, seeking AUD 240 million in penalties after ANZ admitted to alleged misconduct. The cases involve unconscionable dealing in a AUD 14 billion bond transaction, inflated bond turnover reporting, and failures in handling customer hardships, affecting nearly 65,000 customers. The Federal Court will assess the proposed penalties, including a record AUD 80 million for unconscionable conduct.
EnforcementInvestigations & enforcement actions
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2025-09-15•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated four Federal Court proceedings against ANZ Bank, seeking AUD 240 million in penalties for contraventions in a Commonwealth bond transaction and retail misconduct affecting nearly 65,000 customers. Allegations include unconscionable and misleading conduct, inefficient operations, and customer harm, with issues in bond trading, financial hardship notices, bonus interest promotions, and deceased estate handling. ASIC proposes an AUD 80 million penalty for unconscionable conduct, pending court approval, and will monitor ANZ's remediation efforts and risk management.
EnforcementInvestigations & enforcement actions
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2025-09-15•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has extended its deposit product disclosure relief for authorised deposit-taking institutions (ADIs) until 1 October 2030. This exempts ADIs from including interest rates in Product Disclosure Statements (PDS) and termination values in periodic statements, provided current interest rates are accessible and early termination restrictions or fees are disclosed in the PDS. ASIC will monitor the relief's effectiveness and stakeholder feedback.
Policy & regulationRules & requirementsRegulatory burden
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2025-09-15•Papua New Guinea•Bank of Papua New Guinea
The Bank of Papua New Guinea released its September 2025 Economic Outlook, available for download in PDF format.
ResearchEconomic data and developments
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2025-09-15•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) engaged with the Tabora Press Club to brief journalists on the insurance sector and TIRA's supervisory role, including licensing, compliance, and digital systems. Discussions highlighted challenges such as low public understanding of insurance and claims delays. TIRA plans ongoing media collaboration for public education on insurance and consumer rights.
Financial literacy & educationFinancial literacy and education
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2025-09-15•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye is organizing a paper contest for university students to explore topics such as central banks and digital currencies, the impact of price stability on social welfare, and the evolution of its monetary policy tools. The initiative aims to engage students in economic discourse and enhance their understanding of economic developments.
Financial literacy & educationOther
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2025-09-15•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) issued a step plan to nineteen crowdfunding platforms to enhance compliance with the European Crowdfunding Regulation. The plan outlines six key areas, including information provision and ICT risk management, for platforms to improve service delivery and operations. AFM will maintain risk-based supervision and thematic compliance reviews focusing on these areas.
SupervisionInterventionsCrowdfunding
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2025-09-15•Peru•Central Bank of Peru
The Central Bank of Peru reported a 4.4% increase in national formal employment in July 2025, marking sixteen consecutive months of growth and adding 259,000 new formal jobs. Private sector formal employment rose 5.9% year on year, with significant job creation in agriculture, services, and commerce. Electronic payroll data shows private formal employment reached 4.410 million jobs, up from 4.166 million a year earlier.
Data & statistics
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2025-09-15•Mozambique•Insurance Supervision Institute of Mozambique
Mozambique's Government approved a draft law to establish a new Insurance and Pension Funds Supervisory Authority, dissolving the Insurance Supervision Institute of Mozambique. The new authority aims to enhance anti-money laundering and counter-terrorism financing controls, align with international principles, and improve transparency to meet Financial Action Task Force recommendations. The revised regime will introduce a customer ombudsman, redefine reinsurance risk distribution, expand offences, strengthen sanctions, and set market conduct rules.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-09-15•Italy•Bank of Italy
The Bank of Italy will participate in European Researchers' Night 2025 during Science Week, hosting talks and outreach activities in Frascati to engage citizens with the scientific community. Events include sessions on quantum physics, future money, and climate risks, alongside exhibitions and interactive activities at the Donato Menichella Centre. Participation is limited to 500 attendees with prior online registration.
Financial literacy & educationClimate risk and sustainable finance
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2025-09-15•Georgia•National Bank of Georgia
The National Bank of Georgia released an interactive press release detailing money transfer statistics for August 2025, accessible on its website's statistics section.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-09-15•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) issued Regulation No. 19 of 2025 to enhance MSME financing access, mandating simplified credit processes and inclusive, lower-cost financing while upholding prudential standards. The regulation requires financial institutions to adopt tailored policies, including intellectual property as collateral, alternative credit rating tools, and digital ecosystem support. It applies to various financial entities and includes governance, risk management, and consumer protection measures.
Policy & regulationRules & requirementsSME financing
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2025-09-15•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced Duncan Stewart's 18-month sentence for insider trading in Kidman Resources Limited shares, with immediate release upon a AUD 10,000 recognisance and a AUD 64,975.48 penalty. Stewart pleaded guilty to using inside information on a Wesfarmers Limited takeover proposal, profiting approximately AUD 64,975.48. ASIC highlighted its 2025 focus on insider trading, backed by a new criminal investigation taskforce from late 2024.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-09-15•Indonesia•Bank Indonesia
Bank of Indonesia reported a decline in Indonesia's external debt to USD 432.5bn in July 2025, down from USD 434.1bn in June, with year-on-year growth slowing to 4.1%. The decrease was driven by slower public sector debt growth and US dollar appreciation against the rupiah. Government external debt was USD 211.7bn, primarily long-term, while private external debt remained stable at USD 195.6bn, with a 0.3% contraction year-on-year.
Data & statisticsBalance of payments and other external statistics
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2025-09-15•United States•National Association Of Insurance Commissioners
The U.S. National Association of Insurance Commissioners issued an advisory highlighting state and territorial Departments of Insurance as free resources for understanding insurance, resolving disputes, and reporting misconduct. Services include policy explanation, complaint handling, enforcement actions, consumer education, licensing, financial monitoring, and fraud investigations. Insurance departments do not set prices or act as legal counsel but can investigate unfair practices.
Financial literacy & educationConsumer and investor protection
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2025-09-15•Europe•European Banking Authority
The European Banking Authority (EBA) announced that Chairperson José Manuel Campa will step down at the end of January 2026 for personal reasons. Campa, who has served since March 2019, will remain engaged to ensure a smooth leadership transition. The EBA will begin its standard open selection process for a new Chairperson, subject to European Parliament approval.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-15•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority has appointed Mr. John Hinchliffe as Statutory Manager of Fima Enterprises Pty Ltd under section 62(1) of the NBFIRA Act, 2023, effective 26 August 2025. Stakeholders are directed to address all queries, complaints, and claims to the Statutory Manager.
SupervisionInterventionsOther
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2025-09-15•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority appointed Mr. John Hinchliffe as the statutory manager of Inkunzi Investments (Pty) Ltd under Section 62(1) of the NBFIRA Act, 2023, effective 26 August 2025. Stakeholders are advised to direct queries and claims to the statutory manager.
SupervisionInterventionsOther
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2025-09-15•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC reminded financial services of their duty to report activities linked to child sexual exploitation. It stressed the importance of suspicious matter reports from banks and digital platforms in aiding law enforcement. Highlighting the 'sextortion' threat to minors, AUSTRAC noted Operation Huntsman's closure of over 3,000 related bank accounts. A financial crime guide with red flags was provided, including low-value transactions under AUD 500 coded as innocuous items.
SupervisionAlertsAML and CFT
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2025-09-15•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) highlighted its efforts to enhance gender diversity in corporate governance through an opinion article by President Margarida Corrêa de Aguiar. ASF's Public Consultation No. 9/2025 proposes recommendations for improving gender balance in management and supervisory bodies of insurance and pension fund entities, advocating for diversity objectives and transparent practices without imposing quotas.
Policy & regulationGuidance & interpretationDiversity and inclusion
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2025-09-15•Laos•Bank of the Lao
The Bank of the Lao has launched a senior-level training course at its Banking Institute to enhance senior management capabilities in public administration, leadership, and governance. Chaired by Deputy Governor Vathana Dalaloy, the program includes 22 department and regional branch heads and features lectures from former Deputy Minister of Interior Siphak Vongphakdy. The curriculum covers change management, civil service management, and anti-corruption.
Institutional developmentCooperation & capacity buildingOther
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2025-09-15•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance outlined a tax reform prioritizing direct tax reductions for families, young people, and low-income pensioners. Measures include tax scale changes for self-employed individuals, exemptions for self-employed mothers, and benefits for those in small settlements. Property owners will see reduced taxation, and tenants may receive a rent refund, pending a ministerial decision.
Policy & regulationReform agendas & prioritiesOther
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2025-09-15•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a state budget surplus of EUR 2,160 million for January–August 2025, surpassing the target of a EUR 1,381 million deficit. The primary surplus reached EUR 8,696 million, exceeding the target by EUR 3,767 million, with net state budget revenues slightly above target and expenditures EUR 3,356 million below target. The ministry noted timing effects in expenditure and revenue, which do not impact the general government fiscal result.
Data & statisticsOther
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2025-09-15•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau announced that Invest Hong Kong has facilitated over 200 family offices to establish or expand operations in Hong Kong, surpassing the government's target ahead of schedule. This aligns with the March 2023 policy statement, which introduced measures like tax concessions and the New Capital Investment Entrant Scheme. The government plans to further enhance tax regimes for funds and family offices, while InvestHK will continue international outreach and collaboration efforts.
Policy & regulationImplementation, projects & pilotsOther
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2025-09-15•Zimbabwe•Zimbabwe Insurance and Pensions Commission
Zimbabwe's Insurance and Pensions Commission (IPEC) reaffirmed its commitment to revitalizing long-term savings through the pensions industry, emphasizing retirement planning as a social security issue. IPEC outlined five desired outcomes for an effective pension system: adequate benefits, sustainability, affordability, administrative efficiency, and broader coverage, especially for informal sector workers and vulnerable groups.
Policy & regulationReform agendas & prioritiesFinancial literacy and education
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2025-09-15•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority, French Autorité des Marchés Financiers, and Italy’s Commissione Nazionale per le Società e la Borsa released a position paper proposing changes to the EU Markets in Crypto-Assets Regulation (MiCA) for better supervisory consistency and investor protection. It suggests European Securities and Markets Authority oversight of major crypto-asset providers, stricter rules for non-EU platforms, mandatory cybersecurity audits, and improved white paper scrutiny, aligning with Financial Stability Board and International Organization of Securities Commissions recommendations.
Policy & regulationCooperation
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2025-09-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites, phishing emails, and other scams involving OCBC Bank (Hong Kong) Limited and DBS Bank (Hong Kong) Limited. The HKMA reminded the public that banks will not request sensitive information via SMS, email, or phone, nor send links for transactions. Affected individuals should contact the relevant bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-09-15•Global•Bank for International Settlements
The BIS Quarterly Review introduces a survey showing households' 12-month-ahead inflation expectations exceed current rates and professional forecasts, linked to post-pandemic price surges. Conducted in 31 economies, it highlights wide expectation dispersion, with some anticipating inflation above 15% and a 6% real wage loss. The study notes limited awareness of central banks' roles, with social media as a key information source, especially in emerging markets.
Research
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements (BIS) published a Quarterly Review article using its debt securities statistics to analyze bond financing and financial stability vulnerabilities. It notes a post-2008 shift from bank loans to bond markets, with government issuance driving expansion and private sector borrowers relying on foreign currency bonds, mainly in US dollars. It highlights challenges in monitoring hedging and potential currency and duration mismatches on investors' balance sheets.
ResearchBalance of payments and other external statistics
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2025-09-15•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria published August 2025 data on banknotes and coins in circulation, available in dynamic series and tabular form. The information is accessible in the "Statistics of banknotes and coins in circulation" section, along with a dissemination calendar.
Data & statisticsCurrency and cash management
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2025-09-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority will hold a biannual AML forum on 7 October 2025 to update compliance heads on the MONEYVAL mutual evaluation process and the Island’s preparations for the October 2026 evaluation. The event will include presentations on the National Risk Assessment, a timeline for the evaluation, and expectations for firms, with opportunities for Q&A and informal engagement. Attendance is limited to one representative per supervised entity, and the session will be recorded for distribution.
Policy & regulationGuidance & interpretationAML and CFT
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2025-09-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued guidance on registered office and accommodation address services under the Financial Services Act 2008 and Class 4 of the Regulated Activities Order 2011. The guidance helps companies and individuals determine if their activities require authorization and highlights the need for a licence or applicable exemptions. It also references a Central Registry practice note on registered office requirements.
Policy & regulationGuidance & interpretationAML and CFTRegulatory burden
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2025-09-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan discussed its draft Law on Banks and Banking Activity with the Kazakhstan Association of Financiers and bank executives. The draft aims to modernize banking regulation by removing outdated rules, supporting financial technology, and enhancing stability. Key proposals include new bank licensing, Islamic finance development, conduct supervision, corporate governance improvements, and problem bank regulation, with further discussions on lending, financial ombudsman roles, and senior management requirements.
Policy & regulationRules & requirementsOther
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2025-09-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has submitted draft legislation to the Mazhilis of Parliament to overhaul bank law and amend financial market regulations. The proposal aims to modernize the framework by enhancing bank resource mobilization, competition, financial technology, and digital asset regulation, including the digital tenge. It introduces new bank licensing approaches, Islamic finance development, conduct supervision, corporate governance improvements, and troubled bank regulation, aligning with international standards and expert recommendations.
Policy & regulationRules & requirementsLicensing framework and process
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2025-09-15•India•Reserve Bank of India
The Reserve Bank of India has issued a consolidated Master Direction on the Regulation of Payment Aggregators, creating a unified framework for bank and non-bank entities. Effective immediately, it replaces previous guidelines and introduces requirements for cross-border activities, including net-worth criteria, governance standards, and compliance mandates. Key provisions include prohibitions on co-mingling funds, transaction caps, and mandatory escrow arrangements, with detailed transition and compliance timelines for existing and new entities.
Policy & regulationRules & requirementsPayments and payment systems
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2025-09-15•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities announced the appointment of Emad Muhammad Abuhaltam as chairman of the Jordan Securities Commission’s Board of Commissioners, with Muhammed Abd Al Satattar Jaradat, Alla Eldin Naser Al Zubai, and Elyas Ayoub Izriqat as commissioners.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-15•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission announced results of its "Insurefluencer the new GEN 2025" programme and School Media Creator Award, aimed at enhancing youth engagement in insurance knowledge. Wachiraprakarn Wittayakom School won the Insurefluencer competition, receiving a THB 80,000 grant, while other schools were recognized for creativity and communication. Plans for 2026 include expanding the school network and integrating student projects into communities.
Financial literacy & educationOther
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2025-09-15•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
MENAFATF participated in the 2025 Global Coalition to Fight Financial Crime Summit, where President Samya Abou Sharif emphasized leadership and collaboration in anti-money laundering and counter-terrorist financing. MENAFATF's involvement included discussions on cooperation, policy development, and emerging financial crime trends aligned with Financial Action Task Force standards.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-09-15•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) participated in the 2025 Annual Summit of the Global Coalition to Fight Financial Crime, emphasizing leadership and collaboration in anti-money laundering and counter-terrorist financing efforts. MENAFATF's President and Executive Secretary highlighted regional cooperation and policy development aligned with Financial Action Task Force standards.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-09-15•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported a 12.0% decrease in consumer complaints in Hidalgo from January to August 2025, totaling 3,027 cases. Despite the decline, the amount claimed rose by 25.2% to MXN 114.7 million, with MXN 25.1 million recovered, an 80.6% increase. Commercial banks were the primary sector involved, with 63.3% of complaints, mainly concerning unrecognised purchases and electronic transfers.
Data & statisticsComplaints and dispute resolution
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2025-09-15•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait hosted the second annual conference of the Committee of the Governors of the Central Banks in the GCC Countries, focusing on "Central Banks in the Age of Artificial Intelligence," on 14 September 2025.
Policy & regulationCooperationArtificial intelligence
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2025-09-15•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan held the first meeting of a National Expert Group to prepare for the third round of evaluating the country's anti-money laundering and counter-terrorist financing framework. Formed under a 2025–2027 action plan approved by the Prime Minister, the group includes representatives from relevant ministries and agencies. Members will train on Financial Action Task Force standards and support data collection and meetings with assessors.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-09-15•Liberia•Central Bank of Liberia
The Central Bank of Liberia’s latest Regulator magazine centers on the rollout of PAPSS and a national Financial Education Program, alongside a broader 2025-2029 reform agenda for payments, supervision and financial inclusion. It also reports a 0.25 percentage point increase in the policy rate to 17.25 percent and outlines plans to modernize payment infrastructure, advance insurance sector reform and expand county-level outreach.
Policy & regulationReform agendas & prioritiesPayments and payment systemsFinancial inclusionFinancial stability and systemic risk
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2025-09-15•Europe•European Central Bank
The European Central Bank's working paper examines how fiscal stimulus announcements signal policymakers' economic assessments, potentially undermining fiscal policy's stabilizing effects. Using a Japan dataset, the study finds larger-than-expected fiscal packages during high uncertainty can lead to negative stock-price reactions and reduced GDP growth. The research highlights the nuanced impact of signaling effects on economic outcomes under varying uncertainty levels.
ResearchOther
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2025-09-15•Europe•European Central Bank
The European Central Bank has issued a guideline for national competent authorities within the Single Supervisory Mechanism to adopt a harmonised approach in supervising less significant entities' management of non-performing exposures. The framework aims to standardize supervisory practices across Member States and includes exemptions and transitional measures. Full assessments will apply from 31 December 2028, with transitional calibration for earlier dates.
Policy & regulationGuidance & interpretationAsset quality
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2025-09-15•Europe•European Central Bank
The European Central Bank's Working Paper analyzes how structural labor market shifts impact households' likelihood of holding a mortgage. It finds that economy-wide occupational growth is linked to lower mortgage-holding among workers with favorable prospects, as improved mobility options increase opportunity costs of homeownership. The effects of job permanency and income growth on mortgage likelihood diminish when occupational growth is higher.
ResearchLending
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2025-09-15•Europe•European Central Bank
European Central Bank President Christine Lagarde stressed Europe's need to adapt to "system power" by reducing asymmetric dependencies. She prioritized pooling strategic policies at the European level, enhancing sector coherence, and building coalitions for critical inputs. Lagarde also emphasized strengthening the euro's international role and developing a digital euro.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-09-15•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported on the IMF's concluding statement, which commended efforts to enhance the regulatory framework and consumer protection. The IMF noted the planned implementation of market valuation in January 2026 and emphasized prioritizing Basel II and III standards. Strengthening macroprudential and resolution tools was also highlighted during meetings with key stakeholders.
Policy & regulationPeer reviews and country evaluationsSupervision process and methodologiesPrudential risksFinancial stability and systemic risk
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2025-09-15•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 3.0% year-on-year increase in cash remittances for July 2025, totaling USD 3.18 billion, with sea-based overseas Filipinos contributing USD 585 million and land-based workers USD 2.59 billion. Cumulative cash remittances for January to July rose 3.1% to USD 19.93 billion, with the United States as the top source. Personal remittances grew 3.1% in July to USD 3.53 billion, with cumulative figures reaching USD 22.21 billion for the same period.
Data & statisticsBalance of payments and other external statistics
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2025-09-15•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) has issued a warning to clients of former financial adviser David McEwen and subscribers to the McEwen Investment Report to review their card statements for unauthorised charges, following complaints. The FMA highlighted previous actions against McEwen, including a Stop Order and criminal charges for non-compliance with the Financial Markets Conduct Act 2013.
SupervisionAlertsFraud and scams
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements used multi-sector models to assess short-run effects of recent US and retaliatory tariffs on output, inflation and monetary policy. It projects the largest output declines in Canada (1.2%) and Mexico (1.0%), with smaller falls elsewhere, and significant spillovers to services. Simulations show that treating tariffs as a supply shock and “looking through” the initial price jump can reduce US output losses at the cost of higher inflation, but in economies where tariffs resemble a demand shock, such as Mexico, this worsens both output and inflation relative to a standard Taylor-rule response.
Research
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements has proposed a new two-dimensional taxonomy for classifying central banks’ monetary policy operational frameworks, arguing that traditional corridor versus floor labels are too coarse. The framework is based on the marginal opportunity cost of holding reserves—defined as the spread between the overnight money market rate and the central bank deposit facility rate—and the quantity of reserves, including certain overnight central bank liabilities, with application to 12 jurisdictions in 2024 revealing wide dispersion in both dimensions and unexpected similarities across different designs.
Research
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2025-09-15•Serbia•National Bank of Serbia
The National Bank of Serbia concluded Phase II of a capacity-building programme with the EU under the Western Balkans Central Banks and Supervisors Programme, funded by the EU’s Pre-Accession Funds. Implemented with the Deutsche Bundesbank and European System of Central Banks, the programme enhanced governance, risk management, and operational resilience, among other areas.
Institutional developmentCooperation & capacity buildingCapacity building