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2025-08-18•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has initiated a public consultation on its regulatory impact analysis of flood and inundation coverage in comprehensive residential insurance. The consultation seeks feedback on the methodology, dimensions, potential impacts, and scoring of alternatives to enhance market penetration in Brazil.
Policy & regulationOther
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2025-08-18•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has licensed BEST LLC to operate the BEST payment system in compliance with national laws governing the central bank, licensing, and payment services.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-18•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) attended a Rio de Janeiro event on the new Mutualist Property Protection system and its regulatory challenges. The event coincided with Public Consultation Notice No. 2/2025 to gather input on the regulatory framework. Discussions covered mutualist entities' responsibilities, legal issues, and alignment with supervisory rules, linked to Brazil's National Policy for Access to Insurance.
Policy & regulationRules & requirementsOther
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2025-08-18•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has issued a tender to select an audit firm for auditing its consolidated financial statements from 2025 to 2029. Participation is limited to the ten internationally recognised audit firms.
Institutional developmentProcurementLicence approval
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2025-08-18•Spain•Bank of Spain
The Bank of Spain reported that Spanish public administration debt under the Excessive Deficit Procedure (EDP) was 103.4% of GDP in June 2025, a decrease of 1.9 percentage points from the previous year. In nominal terms, EDP debt reached EUR 1.691 trillion, marking a 4% year-on-year increase. Central government debt was EUR 1.534 trillion, while regional and local government debts were EUR 343 billion and EUR 23 billion, respectively.
Data & statisticsBalance of payments and other external statistics
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2025-08-18•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has initiated the "Verify first, protect your data" campaign to raise public awareness about cyberattacks and fraud. The campaign's first phase, "Anzuelo" (Bait), uses mass communications to mimic fraud techniques, redirecting users to educational messages. With 7,882 interactions reported, the campaign is expanding its educational outreach through various media channels.
Financial literacy & educationFraud and scamsCyber resilience
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2025-08-18•Philippines•Central Bank of the Philippines
At the Economic Journalists Association of the Philippines Economic Forum 2025, Central Bank of the Philippines Governor Eli M. Remolona, Jr. stated that the inflation outlook remains manageable for the year. He highlighted a 5.5% economic growth in the second quarter despite trade and policy uncertainties.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-08-18•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines clarified that technical service providers (TSPs) are not required to register with the bank, allowing BSP-supervised institutions to engage TSPs without registration. These institutions remain responsible for managing risks from TSP arrangements, with the BSP monitoring TSP performance through the institutions they serve. TSPs focus on technical support rather than clearing and settlement services, distinguishing them from operators of a payment system.
Policy & regulationGuidance & interpretationOutsourcing and third-party risk management
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2025-08-18•Serbia•National Bank of Serbia
The National Bank of Serbia announced that payment institution Dunav – Union d.o.o., Belgrade has joined the IPS NBS instant payments system as an indirect participant, effective 15 August 2025. Transactions for Dunav – Union’s clients will be executed through OTP banka Srbija, a direct participant in the system. IPS NBS operates continuously, ensuring payees receive funds within seconds.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-18•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission is seeking consultancy services to survey and prepare a project for an "overall information technology system" to enhance its management and supervisory functions. The Technology and Digital Transformation Department is overseeing this initiative.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-08-18•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced a VND 1,000,000 fee for reissuing a securities practising certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the Commission. Failure to collect the certificate within one year of the fee-payment notice will result in cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-18•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) updated the Manual for Submission of Periodic and Eventual Information via the Empresas.Net system. Changes include revised document association settings and maximum file sizes for submissions by registered public companies, foreign issuers, incentivised issuers, and those applying for initial registration. The system facilitates the submission of key forms to CVM and B3.
Policy & regulationRules & requirementsIT management
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2025-08-18•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a public sanctions judgment session on 19 August 2025 to decide on three administrative sanctioning proceedings. Cases include alleged fraudulent operations by Finance Moinhos, non-equitable market practices by Marcelo Costa da Cruz and associates, and audit irregularities by BDO RCS Auditores Independentes. Judgments in the FIP Cais Mauá and Osasco Properties cases were previously suspended for review.
EnforcementInvestigations & enforcement actionsAuditing
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2025-08-18•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission upheld a MYR 50,000 fine and a one-year prohibition against Ahmad Aljafree bin Hj Mohd Razalli, a partner at Al Jafree Salihin Kuzaimi PLT, for audit failures. The penalties relate to non-compliance with International Standards on Auditing for a public listed company for the financial years ending 30 June 2020 and 2021. Aljafree did not contest the prohibitions.
EnforcementSanctions & designationsAuditing
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2025-08-18•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission released Q2 2025 statistics showing insurance penetration increased to 1.79%, driven by premium growth. Total premiums for life and non-life products rose 12.98% year-on-year to PHP 242.84 billion, with life insurance premiums up 12.01% and non-life net premiums up 20.48%. The report also highlighted a 10.70% increase in invested assets to PHP 2.26 trillion and a net worth rise of 8.70% to PHP 493.76 billion.
Data & statisticsActivity and performance reporting
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2025-08-18•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released its "Insurance Geography 2024," detailing a prefecture-level analysis of gross written premiums, paid claims, and premium per capita. Tirana led with 62.09% of gross written premiums and the highest premium per capita at ALL 20,011.64. The report highlights the concentration of insurance activity in major prefectures, with Tirana and Durrës also leading in paid claims.
Data & statisticsOther
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2025-08-18•Poland•Central Bank of Poland
The Central Bank of Poland reported July 2025 core inflation indices, with headline Consumer Price Index (CPI) inflation at 3.1% year-on-year and core inflation excluding food and energy at 3.3%. Other measures include 2.7% excluding administered prices, 3.9% excluding the most volatile prices, and a 15% trimmed mean of 3.2%. These indices are calculated monthly to evaluate underlying inflation dynamics and persistent price pressures.
Data & statisticsEconomic data and developments
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2025-08-18•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission, with the Ministry of Finance and other agencies, announced the "TouristDigiPay" sandbox project, allowing foreign tourists to convert digital assets into THB via e-money. Involving SEC-regulated digital asset operators and Bank of Thailand-regulated e-money providers, payments are made through smartphone apps, and merchants receive THB. The 18-month project includes Know Your Customer and Customer Due Diligence standards, launching in Q4 2025.
Policy & regulationImplementation, projects & pilotsCross-border paymentsRegulatory sandbox
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2025-08-18•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren urged President Trump to intensify economic pressure on Russia through sanctions and export controls, citing weakened Ukrainian leverage. A report by Warren and Senator Jeanne Shaheen criticizes the Administration's reduced commitment to sanctions, missed opportunities to cut Russian oil revenue, and staffing challenges in agencies managing Russia sanctions and export controls.
OtherSanctions list update
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2025-08-18•Namibia•Bank of Namibia
The Bank of Namibia has initiated a national Financial Inclusion Awareness Campaign to enhance equitable access to financial services and improve their quality and usage. The campaign includes community engagement, a Digital Financial Literacy Booklet, and a financial inclusion survey with the Namibia Statistics Agency. Additionally, the Bank is developing an Instant Payment System to modernize and improve digital transactions.
Financial literacy & educationFinancial inclusion
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2025-08-18•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that QuilCapital, based in London, UK, is not registered to deal or advise in securities in New Brunswick. The alert specifies websites associated with QuilCapital and clarifies that the warning does not apply to other similarly named businesses. Investors are advised to use the National Registration Search tool to verify registration status.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-18•Pakistan•State Bank of Pakistan
State Bank of Pakistan Governor Jameel Ahmad emphasized the need for deep and diversified capital markets to support sustainable growth, citing Pakistan's low domestic savings rate of 7.4% of GDP. Recent reforms include widening participation in the government bond market and expanding Investor Portfolio Securities accounts. Ahmad urged coordinated efforts to enhance financial literacy and market transparency.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-18•Canada•Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI) revised its policy plan to enhance regulatory efficiency and reduce unnecessary burdens while maintaining the resilience of federally regulated financial institutions. This update is part of OSFI's Policy Modernization initiative, which has already rescinded 20 guidelines and advisories and paused Basel III output floor implementation. Further guideline rescissions are anticipated in fall 2025, with more details in the upcoming Semi-Annual Risk Outlook.
Policy & regulationGuidance & interpretationRegulatory burden
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2025-08-18•Mauritius•Bank of Mauritius
The Bank of Mauritius has issued a tender for a Threat Intelligence Sharing Platform for the banking sector, inviting bids from qualified bidders. Proposals must adhere to specific submission requirements, including encryption with Pretty Good Privacy (PGP), and be submitted electronically by 12 September 2025.
Institutional developmentProcurementCyber resilience
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2025-08-18•Mauritius•Bank of Mauritius
The Bank of Mauritius has issued a request for proposal to procure a Privileged Access Management tool. Proposals must be submitted electronically, encrypted with the Bank's public key, and adhere to specified requirements. The Bank reserves the right to accept or reject any bid or annul the process.
Institutional developmentProcurement
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2025-08-18•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) identified a cybersecurity threat, prompting a precautionary shutdown of some systems during an investigation. Preliminary findings show some personal information of member firms and registered employees was affected, though critical functions like real-time equity market surveillance remain operational. CIRO assures Canadians' investments are not at risk and plans to notify affected individuals and provide risk mitigation services.
SupervisionAlertsCyber resilience
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2025-08-18•Thailand•Ministry of Finance (Thailand)
The Ministry of Finance (Thailand), in collaboration with the Securities and Exchange Commission, the Anti-Money Laundering Office, and the Ministry of Tourism and Sports, launched the TouristDigiPay project. This initiative aims to facilitate foreign tourists in converting digital assets into Thai baht for secure payments in Thailand.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
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2025-08-18•Thailand•Bank of Thailand
The Bank of Thailand and the People’s Bank of China have renewed their CNY-THB Bilateral Currency Swap Arrangement for five years starting 22 December 2025. This renewal aims to support trade and investment, enhance bilateral financial cooperation, and boost private-sector confidence in using local currencies for cross-border operations.
Monetary policyMonetary policy instruments & operationsCross-border cooperationForeign exchange policy and markets
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2025-08-18•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported progress on its administrative reform programme, achieving a 30% simplification of business conditions under Government Resolution 66/NQ-CP. Proposed measures include cutting or simplifying 91 of 298 administrative procedures and reducing processing times by 166 days. The central bank aims to finalise a package for submission to the Prime Minister and continue reviews to meet further simplification targets.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2025-08-18•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) conducted virtual seminars on fintech and capital markets with Harvard Law School's Program on International Financial Systems. The sessions addressed the impact of emerging financial technologies and social media on market regulation and misconduct. Presentations featured experts from academia and industry, with participation from regional regulators and Amazon Web Services.
Institutional developmentCooperation & capacity buildingFintech and insurtechSupervision process and methodologies
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2025-08-18•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network, under the U.S. Department of the Treasury, issued a Request for Comment on innovative methods for detecting illicit digital asset activity. The focus is on technologies like APIs, AI, digital identity verification, and blockchain. Feedback will inform research on these tools' effectiveness, costs, and privacy and cybersecurity risks, aligning with Executive Order 14178 on enhancing U.S. leadership in digital financial technology.
Policy & regulationGuidance & interpretationArtificial intelligenceBlockchain and distributed ledger technology
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2025-08-18•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has launched Project Noor to equip financial supervisors with tools to evaluate AI models in banks, focusing on transparency, fairness, and robustness. Led by the BIS Innovation Hub Hong Kong Centre with the Hong Kong Monetary Authority and the UK's Financial Conduct Authority, the project aims to convert complex model logic into plain language and visuals for use cases like mortgage approvals and fraud flagging, without setting definitive standards.
SupervisionInnovation & testingArtificial intelligence
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2025-08-18•Moldova•National Bank of Moldova
The National Bank of Moldova approved the SNIF 2030 concept, developing Moldova's first National Financial Inclusion Strategy. It aims to enhance access to financial services for vulnerable groups and SMEs, focusing on diversifying financial products, modernizing payments, strengthening consumer protection, and improving financial education. Supported by the World Bank's M-GROW programme, it involves multiple public institutions and the Association of Banks of Moldova.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2025-08-18•Moldova•National Bank of Moldova
The Parliament of the Republic of Moldova has published an online version of the Law on the National Bank of Moldova, originally enacted as Law No. 548-XIII on 21 July 1995. The law has been in force since 12 October 1995 and was republished in the Official Monitor on 30 October 2015. PDF and DOC versions are accessible via the State Register of legal acts.
Policy & regulationOther
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2025-08-18•Moldova•National Bank of Moldova
The National Bank of Moldova has initiated work on the National Financial Inclusion Strategy of the Republic of Moldova 2030 (SNIF 2030) to enhance financial inclusion. The strategy will focus on improving access, use, and quality of financial services, particularly for vulnerable groups and SMEs, structured around four priority pillars. Stakeholders are encouraged to engage in the drafting process to ensure transparency and participation.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-18•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury issued a Request for Comment under the GENIUS Act, seeking input on methods for detecting illicit activity involving digital assets. The request focuses on application program interfaces, artificial intelligence, digital identity verification, and blockchain technology. Public feedback will inform Treasury research on these tools' effectiveness, costs, and associated risks.
Policy & regulationOtherStablecoinsRegulatory burden
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2025-08-18•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
Trinidad and Tobago’s Finance Minister Davendranath Tancoo addressed opposition remarks on reduced US dollar credit card limits, citing a foreign exchange shortfall. Republic Bank cut limits from USD 15,000 in 2015 to USD 5,000, with further reductions of 67% at Republic Bank and 73% at RBC Royal Bank from 2020 to 2023. Tancoo proposed increasing foreign exchange generation, managing holdings, and pursuing import substitution, while engaging stakeholders for efficient use.
Policy & regulationReform agendas & prioritiesForeign exchange policy and markets
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2025-08-18•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) fined Morpheus Software Technology FZE for deficiencies in its Anti-Money Laundering programme, governance, and controls, and breaches of licence conditions. The firm conducted unlicensed virtual asset activity and failed to disclose material facts, accepted the findings, and proposed a remediation plan. VARA will continue supervising Morpheus (Fuze) to ensure compliance with remedial actions.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
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2025-08-18•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. 48 of 2023 due to non-compliance with the regulatory framework for insurance companies. YAS Takaful remains responsible for all rights and obligations from insurance contracts concluded prior to the suspension.
SupervisionAuthorisations & approvalsCompliance
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2025-08-17•Venezuela•Ministry of Economy & Finance (Venezuela)
Venezuela's National Securities Superintendency (Sunaval) celebrated its 15th anniversary, emphasizing its role in regulating the securities market and protecting investors. Superintendent Carlos Herrera highlighted Sunaval’s public training initiatives, including the Virtual Stock Market School and the new “Café Bursátil” YouTube program, as well as measures to simplify market access for companies and investors.
Financial literacy & educationCorporate governance
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2025-08-17•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported a year-on-year increase in June 2025 exports, with non-traditional exports rising 17% to USD 1,758 million and traditional exports up 9.2% to USD 5,136 million. Non-traditional export growth was driven by a 24.4% rise in volumes, particularly in fisheries and agriculture, while traditional exports benefited from higher mineral prices, notably copper and gold. In the first half of 2025, non-traditional exports totaled USD 10,371 million, marking a 21.7% increase, and traditional exports reached USD 29,578 million, up 15.6%.
Data & statisticsBalance of payments and other external statistics
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2025-08-17•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) visited Mauritania on 12 August 2025 to discuss readiness for a mutual evaluation of its anti-money laundering and counter-terrorist financing system. Mauritanian authorities affirmed their commitment to align with Financial Action Task Force standards. The visit, involving senior officials, is part of MENAFATF's efforts to prepare for the third round of mutual evaluations.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-08-17•Jordan•Central Bank of Jordan
The Central Bank of Jordan launched the second Cyber Security Training Camp 2025 to enhance cyber readiness in the financial sector, with 311 employees expected to receive 1,040 certificates through advanced training in risk management, compliance, and cybersecurity leadership.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-08-17•Iraq•Central Bank of Iraq
The Central Bank of Iraq, in collaboration with the German International Cooperation Agency and the Iraqi Association of Private Banks, launched an Index for Access to Financing for medium, small, and micro enterprises to streamline loan navigation and expedite financing procedures.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-08-17•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted a delegation from the Central Bank of Iraq to discuss cooperation in central banking operations. The visit included briefings on Egypt's banking supervision, financial inclusion, FinTech, payment systems, and consumer protection. Key topics included the Meeza payment scheme, Instant Payment Network, FinTech strategy, and anti-fraud measures.
Policy & regulationCooperationDomestic cooperation
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2025-08-16•Tanzania•Tanzania Insurance Regulatory Authority
Dr. Baghayo Saqware, Tanzania Insurance Regulatory Authority's Insurance Commissioner, emphasized expanding insurance agents' presence in underserved areas to boost market development. He highlighted TIRA's focus on consumer protection, increasing insurance uptake in the informal sector, and enhancing agent training and certification. Saqware urged agents to act as ambassadors for insurance, maintain high integrity standards, and adapt to technological changes and evolving customer needs.
Policy & regulationGuidance & interpretationMarket development
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2025-08-16•Peru•Central Bank of Peru
The Central Bank of Peru reported a goods trade surplus of USD 26,652 million for the 12 months to June 2025, with a June surplus of USD 2,523 million. June exports increased by 11% year on year to USD 6,905 million, driven by higher international prices for gold, copper, zinc, steel, and metal products. Imports rose 13% to USD 4,382 million, mainly due to increased purchases of industrial inputs and consumer goods.
Data & statisticsBalance of payments and other external statistics
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2025-08-16•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission, through its Center of InsurTech, Thailand, conducted the "INTENSIVE BOOTCAMP 2025" as part of the OIC InsurTech Award 2025. The bootcamp aimed to develop the work of 25 shortlisted teams with consulting and workshops, preparing them for the final selection of 10 teams. Expert judging panels were introduced for the two competition tracks.
SupervisionInnovation & testingFintech and insurtech
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2025-08-16•Jordan•Jordan Securities Commission
The Jordan Securities Commission reported record performance on the Amman Stock Exchange, with market capitalisation rising 26.31% to JOD22.3 billion by July 2025, driven by reforms in the investment environment. The Commission anticipates continued positive momentum due to economic stability and plans for market infrastructure development and diversification of financial instruments.
Data & statistics
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2025-08-16•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) conducted an investor seminar at Canadia Bank PLC’s Siem Reap Branch to promote active securities trading and bolster investor confidence. The event, chaired by SERC Deputy Director General H.E. Seang Thirith, included investment strategies and guidance on the CSX Trade application, with participation from SERC, the Cambodia Securities Exchange, and Canadia Securities Co., Ltd.
Financial literacy & educationFinancial literacy and education
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2025-08-15•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported its July 2025 balance sheet, showing total assets of EUR 1.86 billion, an increase of EUR 68.71 million from June. The rise was driven by higher deposits from the Republic of Kosovo budget, the Kosovo Privatization Agency, pension funds, and the Deposit Insurance Fund. International reserve assets reached EUR 1.46 billion, with a EUR 77.4 million increase in deposits and a EUR 28.6 million decrease in securities.
Data & statisticsBalance of payments and other external statistics
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has initiated a public consultation on draft rules for depositary services related to open-ended investment funds with a public offering. The draft, adopted at the Authority's 137th session, is grounded in the Law on Open-ended Investment Funds with Public Offering.
Policy & regulationRules & requirementsOther
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has initiated a public consultation on draft rules for the structure and content of financial statements and reports by alternative investment fund management companies. The draft, adopted on 8 August 2025, is based on the Law on Alternative Investment Funds.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has adopted new rules mandating electronic filing of annual and semi-annual financial reports via its reporting portal, with automatic public availability through the Central Register of Prescribed Information. Issuers must adhere to International Financial Reporting Standards, and email-based submissions are discontinued. Previous financial reporting rules are repealed.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has expanded its Superannuation Data Reporting guidance with 32 new frequently asked questions, complementing existing examples available on its website under the Superannuation Data Transformation materials.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has updated its Superannuation Data Reporting guidance with 32 new frequently asked questions, available on its website under the Superannuation Data Transformation materials.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-15•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) hosted a visit from Egypt’s ARCORP Holdings to explore collaboration on projects to enhance insurance efficiency and access in Tanzania. Discussions included leveraging technology to improve service delivery and public awareness, with ARCORP engaging various national stakeholders for coordinated implementation. TIRA emphasized its commitment to maintaining a safe and stable insurance market.
Policy & regulationCooperationMarket development
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2025-08-15•Georgia•National Bank of Georgia
The National Bank of Georgia released an interactive press release detailing money transfer statistics for July 2025, accessible on its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-15•China•Central Bank of the Republic of China
The People's Bank of China, with the National Financial Regulatory Administration and the National Forestry and Grassland Administration, announced 15 measures to boost financial support for high-quality forestry development. Initiatives include expanding forest rights-backed lending, broadening eligible collateral, and promoting private capital in reserve and storage services. The notice also emphasizes using structural monetary policy tools and developing a comprehensive forest insurance product system.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-08-15•Norway•Department of Finance (Norway)
Norway's Ministry of Finance has notified EU and EEA authorities of financial institutions deemed systemically important, requiring additional capital buffers. These include DNB Bank ASA, Kommunalbanken AS, Nordea Eiendomskreditt AS, Sparebank 1 Sør-Norge ASA, and Sparebanken Norge. Approval by the EFTA States’ Standing Committee is needed due to the systemic risk buffer exceeding 5%, with formal decisions pending completion of the notification and approval process.
Policy & regulationRules & requirementsFinancial stability and systemic risk
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2025-08-15•Laos•Bank of the Lao
The Bank of the Lao hosted the 50th meeting on Capital Account Liberalization in Vientiane, focusing on capital account liberalization and cross-border finance priorities. Co-chaired by representatives from the Bank of the Lao and the Central Bank of the Philippines, discussions included the 2025 priority implementation plan, regional capital flow risks, and local currency use in cross-border transactions. Participants included ASEAN member states, the International Monetary Fund, and other regional institutions.
Policy & regulationCooperationOther
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2025-08-15•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina released preliminary data on the performance of entities in the region's banking system as of 30 June 2025. Final data will be available in the quarterly report "Information on entities of the banking system of the Federation of Bosnia and Herzegovina."
Data & statisticsActivity and performance reporting
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2025-08-15•Belize•Central Bank of Belize
The Central Bank of Belize clarified that financial institutions have not been instructed to reject mutilated 2025 banknotes. Damaged notes can be exchanged at local banks, credit unions, or the Central Bank for assessment and replacement. The notice also warns that intentionally defacing currency is a criminal offence with a maximum fine of BZD 250.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-08-15•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) issued a circular to licensed virtual asset trading platforms outlining expectations for robust client asset custody, as part of the "ASPIRe" roadmap. This follows cybersecurity incidents and a review revealing deficiencies in platform resilience. The circular includes minimum standards and good practices, and references a public consultation on regulating virtual asset custodian services.
Policy & regulationGuidance & interpretationClient asset custody and safekeeping
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2025-08-15•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendence of Banking, Insurance and Private Pension Funds (SBS) has ordered the dissolution of Cooperativa de Ahorro y Crédito APROCREDI LIMITADA, with deposits protected by the Cooperative Deposit Insurance Fund. Coverage is capped at PEN 5,000 per depositor, as per Law No. 30822 and SBS Resolution No. 5061-2008. Details on the collection of insured amounts will be announced shortly.
SupervisionInterventionsOther
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2025-08-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website linked to Alipay Financial Services (HK) Limited. The stored value facility licensee reported the case to the HKMA. The HKMA advises affected individuals to contact the relevant licensee and report to the Police or Anti-Deception Coordination Centre.
SupervisionAlertsFraud and scams
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2025-08-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released Q2 2025 credit card lending survey results, indicating a 2.5% decline in outstanding card receivables to HKD 149.0 billion. The delinquent and rescheduled ratio increased to 0.45%, and the charge-off ratio rose slightly to 0.64%, both remaining low.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-15•Global•G20
The G20 South African Presidency, with the International Association of Insurance Supervisors and the World Bank Group, published a summary on widening natural catastrophe insurance protection gaps in emerging markets. The report urges coordinated action to address uninsured disaster losses, emphasizing public-private partnerships, pre-arranged disaster finance, and innovative solutions like parametric insurance. The IAIS and World Bank will continue providing guidance to narrow these gaps, as noted in the July G20 Communiqué.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-08-15•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria released July 2025 data on banknotes and coins in circulation, available as dynamic series in its statistics section. An updated dissemination calendar is also provided.
Data & statisticsCurrency and cash management
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2025-08-15•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 issued guidelines on transferring overdue debts to collection agencies, including a moratorium from 1 July 2024 to 1 May 2026 on assigning citizens’ credit claims to collectors. During this period, resolution options are limited to restructuring, waiving fines, or pre-trial recovery without transferring the claim. The explainer also outlines debtor rights and collector conduct requirements, including contact limits and prohibitions on harassment and misleading statements.
Policy & regulationGuidance & interpretation
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2025-08-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered R P Harker under the Designated Businesses (Registration & Oversight) Act 2015, effective 15 August 2025, in accordance with section 12(1)(b).
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-08-15•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has received ISO/IEC 27001:2022 and ISO/IEC 27701:2019 certifications for information security and personal data protection. These certifications cover core IT operations, including the Insurance Bureau System for life and non-life policyholder data, following an audit by Bureau Veritas Certification (Thailand).
Institutional developmentTechnology & data transformationCyber resilienceData protection
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2025-08-15•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) issued Public Consultation Notice No. 2/2025 to gather feedback on its draft regulation for mutualist property protection operations, with a 45-day submission period. This draft aims to implement Complementary Law No. 213/2025, following extensive technical studies. SUSEP plans further consultations on insurance cooperatives, administrative sanctions, and specific rules for cargo carriers.
Policy & regulationRules & requirementsOther
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2025-08-15•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has initiated Public Consultation Notice No. 3/2025 on a draft resolution for Universal Life Insurance, aiming to replace the existing framework under Resolution No. 344/2016. The proposal incorporates feedback from a previous consultation and aligns with Law No. 15.040/2024, clarifying product classification and enhancing operational flexibility.
Policy & regulationRules & requirementsOther
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2025-08-15•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan held a virtual meeting with US-based Column Bank to explore correspondent banking relationships and joint investment projects. Supported by Tajikistan’s Embassy in the US and the US Business Council, discussions emphasized compliance with international standards, including anti-money laundering measures. Both parties aim to enhance banking-sector cooperation between Tajikistan and the United States.
Policy & regulationCooperationLicensing framework and process
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2025-08-15•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan highlighted a financial literacy festival in Isfara as part of the 2022–2026 National Financial Inclusion Strategy, aiming to expand financial service access and improve literacy. The initiative involves recurring festivals and outreach, focusing on remote areas and target groups like students, employees, women, and migrants. Activities included discussions on non-cash payments, fraud prevention, savings, and property insurance.
Financial literacy & educationMarket development
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2025-08-15•South Africa•South African Reserve Bank
The South African Reserve Bank announced 15 finalists for the G20 TechSprint 2025, an innovation challenge with the Bank for International Settlements Innovation Hub. The competition addresses privacy-preserving digital identity, credit data portability, and fraud mitigation in fast payment systems. Finalists will develop prototypes by mid-October, with winners announced in November before the G20 Summit.
SupervisionInnovation & testingFintech and insurtechRegtech and suptech
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2025-08-15•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam (BDCB) updated its Alert List, adding entities perceived as licensed but not authorized by BDCB. The bank advised the public to engage only with licensed financial institutions and warned against unlicensed providers, emphasizing the lack of consumer protection for dealings with such entities.
SupervisionAlertsSanctions list update
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2025-08-15•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 3.7% year-on-year increase in cash remittances to USD 2.99 billion in June 2025, with land-based overseas Filipinos contributing USD 2.43 billion. Cumulative cash remittances for January to June 2025 rose 3.1% to USD 16.75 billion, with the United States as the top source, followed by Singapore and Saudi Arabia.
Data & statisticsCross-border payments
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2025-08-15•Serbia•National Bank of Serbia
The National Bank of Serbia's Q2 2025 lending report shows continued double-digit growth in domestic lending to the non-monetary sector, driven by lower interest rates and relaxed lending standards. Total domestic loans grew 10.8% year-on-year in June, with household loans increasing by 14.0% and corporate loans by 7.1%. Asset quality remained strong with low non-performing loans, and banks anticipate further easing of standards and increased loan demand in Q3.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-15•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has invited bids for a procurement package to renew and update cybersecurity software licenses, including extended warranty and technical support, as part of its 2025 IT budget. The tender will be conducted online through Vietnam's National e-Procurement System, with a contract period of 455 days. The bid security is set at VND 125,000,000.
Institutional developmentProcurement
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2025-08-15•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission announced the removal of Alex Kande MUPOMPA from the UK Democratic Republic of the Congo sanctions regime list, lifting the asset freeze in Guernsey. This update reflects changes under the Democratic Republic of the Congo (Sanctions) (EU Exit) Regulations 2019, implemented locally through the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations 2020.
EnforcementSanctions & designationsSanctions list update
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2025-08-15•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission clarified criteria for determining if a company has an "established place of business" in the Bailiwick of Guernsey, impacting the statutory exemption for director registration or licensing. The exemption applies only if the company has premises and staff in the Bailiwick and the director does not engage in regulated activities. Having just a registered office or statutory documents in Guernsey is insufficient.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-08-15•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission alerted about a phishing attempt impersonating Commission Secretary Alice Joy using a fraudulent domain. It emphasized official emails come from domains ending in “gfsc.gg” and advised caution with suspicious emails. The Commission reminded firms of the Cyber Rules and Guidance, 2021, stressing vigilance, cyber security measures, timely IT updates, and reporting significant cyber events.
SupervisionAlertsCyber resilienceFraud and scams
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2025-08-15•Tonga•National Reserve Bank of Tonga
The National Reserve Bank of Tonga seeks feedback on the proposed Payment System and Services Bill 2025, aiming to establish a legal framework for digital and real-time payment systems and enhance the central bank's oversight. The Bill outlines the Reserve Bank's expanded powers, introduces a licensing regime for payment service providers, and includes protections for participants and consumers, with feedback due via designated channels.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-15•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission released a draft memorandum circular for public comment, clarifying procedures for claiming or confirming exemptions from securities registration under Section 10 of the Securities Regulation Code. The draft amends Rules 10.1, 10.2, and 10.3, introducing SEC Form 10.1 for exemption notices and applications, with a 0.1% fee for confirmation applications.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-15•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed a CAD 30,000 penalty and added conditions to Viviana Prentice's mortgage agent licence. This enforcement action follows a settlement related to a breach of the Mortgage Brokerages, Lenders and Administrators Act, 2006, where Prentice received remuneration from a non-brokerage source, violating Ontario Regulation 187/08.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-15•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission has directed Charan Insurance Public Company Limited to collaborate with its auditor to rectify and review its Q1 2025 interim financial statements, following an auditor's disclaimer due to insufficient audit evidence related to the adoption of Thai Financial Reporting Standard 17. CHARAN must submit the revised statements to the SEC and disclose them publicly via SETLink by 15 September 2025.
SupervisionInterventionsAuditing
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2025-08-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren criticized a U.S. Court of Appeals for the D.C. Circuit panel decision on the Trump Administration's attempt to dismantle the Consumer Financial Protection Bureau (CFPB), arguing it failed to hold officials accountable. She highlighted Judge Pillard's dissent and the CFPB's success in returning over USD 21 billion to defrauded Americans. The decision is not yet in effect, pending potential review by the full D.C. Circuit.
OtherConsumer and investor protection
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2025-08-15•Russia•Central Bank of Russia
The Central Bank of Russia reported a significant increase in individual investment accounts (IIAs) in 2025 Q2, with numbers rising by nearly 94,000 to over 6.2 million. Net inflows into brokerage accounts reached RUB 39 billion, and total assets in IIAs grew to RUB 680 billion, driven by account replenishments and bond revaluations. Debt securities comprised 39% of portfolios, while Russian shares decreased to 33%, the lowest since 2023 Q2.
Data & statisticsLiquidity risk
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2025-08-15•Russia•Central Bank of Russia
The Central Bank of Russia released its August 2025 monitoring results for maximum interest rates on Russian ruble household deposits from the top 10 credit institutions. The average maximum rate for early August was 15.96%, with rates varying by maturity: 15.48% for up to 90 days, 15.52% for 91–180 days, 14.59% for 181 days to one year, and 13.25% for over one year. The monitoring excludes special conditions and non-standard deposit products.
Data & statisticsFinancial and market indicators
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2025-08-15•Iceland•Central Bank of Iceland
The Central Bank of Iceland's August 2025 survey of market agents revealed slightly higher inflation expectations and a consensus that the policy rate will remain at 7.5% for the rest of the year, contrasting with May's anticipated rate cuts. The survey also indicated expectations for the króna to depreciate and a shift in views on monetary policy stance, with fewer respondents considering it too tight.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-08-15•United States•Federal Reserve Board
The Federal Reserve Board will discontinue its novel activities supervision program, integrating oversight of banks' crypto and fintech activities into the standard supervisory process. This includes withdrawing the 2023 supervisory letter that established the program. The Board has enhanced its understanding of these activities and related risks, which will now be part of regular supervision.
SupervisionSupervision approach, priorities & toolkitFintech and insurtechSupervision process and methodologies
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2025-08-15•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is reviewing staff compliance with time and attendance requirements, prompted by an Office of Inspector General report and a Congressional inquiry. The review, covering January 1, 2020, to the present, will assess telework, return-to-office, and reasonable accommodation compliance, alongside auditing time and attendance records. This follows an investigation into a CFTC risk analyst that revealed timekeeping misconduct and other violations.
Institutional developmentGovernanceCompliance
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2025-08-15•Moldova•National Commission for Financial Markets
The National Commission for Financial Markets (CNPF) warned of a fraudulent scheme on WhatsApp and Telegram involving fake investment and crypto trading opportunities. The scheme uses bots and false experts to lure victims into transferring funds to fictitious accounts, with a pyramid-like structure reliant on recruitment. CNPF advises verifying firm authorisation, avoiding sharing personal information on messaging apps, and reporting suspicious activities.
SupervisionAlertsFraud and scams
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2025-08-15•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets published Board decisions, including a draft regulation to align shareholder identification and rights facilitation with EU standards. It targets joint-stock companies and intermediaries, mandating timely corporate information transmission. Additionally, the Board approved the reorganisation of Joint-Stock Company ACCENT-INVESTMENT and adjustments to GLICERIA's securities issuance and OCN MOGO LOANS' credit contracts.
Policy & regulationRules & requirementsOther
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2025-08-15•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency released its annual update to the Bank Accounting Advisory Series, revising content for clarity and removing outdated questions. The update maintains previous conclusions and interpretations by the Office of the Chief Accountant. The BAAS reflects interpretations of generally accepted accounting principles and regulatory guidance, not OCC rules or regulations.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2025-08-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has approved the Shanghai Futures Exchange's registration of offset printing paper futures and options. The Commission will oversee the exchange's preparations to ensure a smooth launch and stable operation.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has approved the Shanghai Futures Exchange's registration of options on fuel oil, petroleum asphalt, and pulp. The exchange must complete preparatory work to ensure a smooth launch and stable operation.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-08-15•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) noted that while compliance with Chinese Accounting Standards among A-share listed companies was generally sound, some issuers made accounting or disclosure errors. Of the 5,413 companies that disclosed their 2024 annual reports, 192 received non-standard audit opinions. The CSRC plans to enhance oversight, issue practical guidance on complex accounting topics, and urge companies and intermediaries to rectify errors.
Policy & regulationGuidance & interpretationAccounting and financial reporting