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2025-08-13•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a widening current account surplus to EUR 475.9 million in June 2025, up from EUR 132.5 million in May, due to a smaller primary income deficit and reduced goods trade deficit. The goods trade deficit decreased by 40.4% to EUR 362.2 million, while the services balance surplus fell by 9.3% to EUR 905.6 million. Net financial account investment was negative at EUR 88.7 million, with negative other and direct investments offset by positive portfolio investment.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Laos•Bank of the Lao
The Bank of the Lao hosted a seminar with the Central Bank of Malaysia on managing foreign currency flows. The session, chaired by Manola Mueangmani, covered Malaysia's foreign exchange policy, MYR usage, cross-border cash oversight, and financial transaction reporting. Practical lessons and challenges were also discussed.
Policy & regulationCooperationOther
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2025-08-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the Exchange Fund Advisory Committee Currency Board Sub-Committee meeting record and a report on Currency Board operations from 17 April to 20 June 2025. The Hong Kong dollar traded between 7.7500 and 7.8499 against the US dollar, with the strong-side Convertibility Undertaking triggered four times, leading to HKD 129.40 billion sales and an Aggregate Balance increase to HKD 174 billion. The Sub-Committee noted smooth market operations, softened interbank rates, and highlighted risks from global market volatility, US tariffs, and Mainland China policy easing.
Monetary policyMonetary policy instruments & operationsCurrency and cash managementMarket risk and volatility
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2025-08-13•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 the Republic of Kazakhstan issued guidance for bank customers on reasons for account blocking and steps to restore access. Common causes include suspected fraud, public authority requests, technical issues, and arrears. Customers are advised to check bank notifications, contact the bank for clarification, verify debts, and maintain updated personal data.
Policy & regulationGuidance & interpretationOther
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2025-08-13•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority is consulting on amendments to the Retirement Benefits Schemes Act 2000, aiming to strengthen the regulatory framework for pension schemes and providers. Proposed changes include revisions to the Financial Services Act 2008 and the Insurance Act 2008. Consultation documents are accessible via the Isle of Man Government Engagement Hub.
Policy & regulationRules & requirementsAML and CFTRegulatory burden
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2025-08-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), represented by Superintendent Alessandro Octaviani, participated in the XVI Risk and Insurance Management Seminar in São Paulo. Octaviani highlighted significant changes introduced by Law No. 15.040 of 2024, enhancing insurance contracts and supporting sector growth. The seminar also addressed climate events, credit risk, ESG management, governance, data protection, and specific insurance lines.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-13•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has joined the Alliance for Financial Inclusion, a global network aimed at advancing financial inclusion and developing inclusive financial policies. This membership provides access to AFI's resources and initiatives, focusing on digital financial services, inclusiveness, and financial education, supported by the European Bank for Reconstruction and Development and the European Fund for South East Europe.
Policy & regulationCooperationCapacity buildingFinancial inclusion
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2025-08-13•Iraq•Central Bank of Iraq
The Central Bank of Iraq and the International Finance Corporation plan to sign a memorandum of understanding to enhance training for Iraqi banking staff. Discussions also included establishing a leasing finance company and implementing a banking reform plan with Oliver Wyman to align with international standards.
Policy & regulationCooperationCapacity buildingDomestic cooperation
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2025-08-13•Iraq•Central Bank of Iraq
The Central Bank of Iraq, with the International Labour Organization and the Iraqi Company for Bank Guarantees, reported the AFAC programme's success in aiding internally displaced persons and host communities via guaranteed lending, business training, and job creation, achieving a 100% repayment rate. The initiative, involving USD 1 million in ILO guarantees and training for 2,981 entrepreneurs, expanded to Basra and Muthanna and facilitated partnerships with entities like the German Development Bank.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-13•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) plans a 2025 public consultation to amend its regulatory framework for closed pension funds under Resolution PREVIC 23/2023. This will address provisions to align with changes from the National Council of Complementary Pensions and the National Monetary Council, including rules on the Administrative Management Plan, sponsor withdrawal, and ESG investment. PREVIC aims to balance updates with regulatory stability through annual consultations.
Policy & regulationRules & requirementsOther
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2025-08-13•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released the Business Sentiment Index for June 2025, showing neutral sentiment with a Current Business Conditions sub-index of 50.0 and a slight rise to 50.4 for the one-month-ahead index. Mixed conditions were due to school holiday boosts and promotional activities, offset by subdued domestic demand and operational disruptions. Sector results varied, with Transport and Communication at 50.8 and Health and Education at 49.4, while small firms recorded 50.5, and micro and large firms were at 50.0.
Data & statisticsEconomic data and developments
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2025-08-13•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam issued an education note for National Financial Literacy Day 2025, offering guidance on responsible loan and financing management. It emphasizes understanding debt burdens, repayment strategies, and credit health, recommending a Total Debt Service Ratio under 35% of monthly income. The note also advises on prioritizing debt repayment methods and checking credit reports to mitigate identity-theft risks.
Financial literacy & educationFinancial literacy and education
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2025-08-13•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency has launched a public consultation on two draft general acts under the Investment Funds and Management Companies Act (ZISDU-3). The drafts address the definition and categorization of investment funds and reporting requirements for management companies, including those from EU Member States. Key proposals specify UCITS types, introduce additional liquid assets, and detail reporting content and formats.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-13•Global•Bank for International Settlements
The Bank for International Settlements published a BIS Bulletin proposing an alternative anti-money laundering model for cryptoassets that leverages public blockchain transaction histories and applies safeguards at fiat conversion “off-ramps,” rather than relying on “trusted intermediaries.” The note highlights that stablecoins are the dominant vehicle for illicit crypto activity, outlines how an “AML compliance score” could be constructed for bitcoin and stablecoins using allow- and deny-lists and varying stringency levels, and stresses the need to clarify duties of care and enhance cross-border regulatory cooperation.
Policy & regulationInternational standards & recommendationsAML and CFTBlockchain and distributed ledger technology
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2025-08-13•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced updates on a draft decree amending Decree No. 155/2020/ND-CP, focusing on foreign ownership ratios, clearing and settlement, and trading accounts. Deputy Prime Minister Ho Duc Phoc emphasized safeguarding business rights and sustainable development, with the Ministry of Finance tasked with refining the draft. The decree, prepared under expedited procedures, was approved by 23 of 24 government members.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-13•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission requires individuals listed in a notice to pay a VND 1,000,000 fee for securities practising certificates to complete licensing. Payments can be made via bank transfer to specified banks or directly at the Commission, following the Ministry of Finance’s Circular 25/2022/TT-BTC. Failure to complete procedures within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-13•Estonia•Central Bank of Estonia
The Central Bank of Estonia released its monthly flash estimate of the balance of payments, noting it relies on a smaller, partly subjective database compared to the quarterly report. The estimate incorporates available data from administrative sources and international payments, with adjustments made upon the quarterly release.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) rejected settlement agreements in three administrative sanctioning proceedings, following negative recommendations from the Term of Commitment Committee. The cases involve alleged fraudulent securities operations, failure to file registration forms, and omissions in disclosure related to significant share acquisitions. Consequently, the enforcement proceedings remain open.
EnforcementInvestigations & enforcement actions
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2025-08-13•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has renewed technical cooperation agreements with the Military Public Prosecutor’s Office and the Federal Public Prosecutor’s Office. The agreements aim to enhance the exchange of technologies, knowledge, and databases, including CVM's access to the Banking Movements Investigation System.
Policy & regulationCooperationCross-border cooperation
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2025-08-13•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice correcting the entry for Marko Petrovic under the UK Irregular Migration and Trafficking in Persons Sanctions Regulations 2025. Businesses are reminded to freeze assets of designated persons, report findings to the States of Guernsey Policy & Resources Committee, and notify the Commission of any affected relationships in compliance with statutory reporting requirements.
EnforcementSanctions & designationsSanctions list update
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2025-08-13•Switzerland•Swiss National Bank
The Swiss National Bank has unveiled twelve designs for Switzerland’s new banknote series and initiated a public survey for evaluation. The top six designs will proceed to a second phase involving cooperation and commercial considerations. The winning design will be announced in early 2026.
Monetary policyOtherCurrency and cash management
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2025-08-13•Poland•Central Bank of Poland
The National Bank of Poland reported a current account surplus of PLN 2.8bn in June 2025, reversing a deficit of PLN 0.6bn from June 2024. This shift was driven by surpluses in services (PLN 15.9bn) and trade in goods (PLN 0.3bn), despite deficits in primary income (PLN 12.0bn) and secondary income (PLN 1.4bn). Goods exports increased by 0.7% to PLN 119.5bn, while imports decreased by 1.4% to PLN 119.2bn, due to lower oil prices and reduced industrial activity.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision's review of SME lending found significant disparities in crisis preparedness due to limited automation and IT infrastructure. Covering 14 significant and four less-significant German banks, it noted high sectoral concentration in SME portfolios and a higher non-performing loan ratio for SMEs compared to the total non-financial corporate portfolio. Issues included delayed borrower information retrieval, outdated ratings, and inadequate early warning systems, with minimal differences between large and smaller banks' approaches.
SupervisionReviews, inspections & stress testsLendingPrudential risksSupervision process and methodologies
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2025-08-13•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision updated its guide to internal models, aligning with Regulation (EU) 2024/1623 (CRR3) and clarifying the assessment of banks' internal models for own funds requirements. The update introduces new supervisory expectations on data governance, machine learning, and credit risk models, while highlighting a trend towards simplification in rating systems and modelled exposures. Proactive internal model investigations will increase, focusing on areas of concern and ensuring robust internal controls.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-08-13•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority's June 2025 report details EGP 640.1 billion in total financing across capital markets and non-banking financial services. Key figures include EGP 334.8 billion in equity issuances and EGP 84.4 billion in financial leasing contracts. The Movable Collateral Registry recorded EGP 3.7 trillion in asset registrations, while insurance premiums collected amounted to EGP 56.8 billion.
SupervisionOtherSME financing
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2025-08-13•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets reminds minority shareholders of their right to require issuers to buy their shares when additional issuances exceed 25% of share capital, per the Law on Joint Stock Companies. This follows transactions by companies like ALBINUȘA-II, EDIFICIU, CRIO IZVORUL, and JLC. The buyback price, based on net asset value per share, is determined by the companies' censors commissions, with specific values provided for each company.
Policy & regulationGuidance & interpretationCorporate governance
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2025-08-13•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned four securities issuers for failing to submit financial statements on time, breaching disclosure duties. Under Exempt Resolution No. 7,730, Sudmédica Quillota S.A. was fined UF 350, while Unión Inmobiliaria S.A., Andacor S.A., and Inmobiliaria Yugoslava S.A. each received fines of UF 150.
EnforcementSanctions & designationsAccounting and financial reporting
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2025-08-13•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission has introduced an online statistics and data visualization page offering interactive market indicators for U.S. capital markets. It features metrics on IPOs, exempt offerings, corporate bonds, and more, presented through various chart formats and geographic heat maps. The page includes a statistics table, metric guide, and download options for underlying data.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-13•Canada•Bank of Canada
The Bank of Canada awarded a joint Canada Border Services Agency and Royal Canadian Mounted Police team for their efforts in preventing bank note counterfeiting. The team disrupted counterfeit smuggling operations, leading to a significant arrest in Nova Scotia. This award, presented annually since 2004, underscores interagency cooperation in safeguarding Canada's financial security.
OtherFraud and scams
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2025-08-13•Romania•National Bank of Romania
The National Bank of Romania released provisional data for January to June 2025, showing a current account deficit increase to EUR 13,897 million from EUR 11,682 million in the same period in 2024. Non-resident direct investment rose to EUR 2,779 million, while total external debt increased by EUR 7,480 million to EUR 212,373 million. The goods deficit widened, the services surplus grew, and the primary income deficit narrowed.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Romania•National Bank of Romania
The National Bank of Romania has begun publishing the "Personal remittances" indicator in its interactive database, offering quarterly data from 2013 to Q2 2025. This indicator includes workers' transfers and net compensation of employees, detailing receipts and payments for the top 10 partner countries. The data is supplemented with charts illustrating quarterly trends and the annual geographic distribution of inbound remittances.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reviewed its 2020–2025 performance and set 2025–2030 priorities, emphasizing flexible monetary policy coordination with fiscal policy, institutional reform, and digital transformation. Achievements include legal reforms, interest rate stabilization, and progress in cashless payments. Future priorities focus on banking legislation, foreign exchange policy, non-performing loan resolution, and expanding the national credit information database.
Policy & regulationReform agendas & prioritiesOther
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2025-08-13•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1079, allowing term "pase" transactions on individually issued negotiable securities eligible for trading on authorized markets. This change aims to enhance liquidity and support SME funding by expanding the range of instruments, including post-dated checks and MiPyME electronic credit invoices. Amendments also permit pase transactions in bilateral trading segments, broadening funding and investment options.
Policy & regulationRules & requirementsSME financing
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2025-08-13•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has prohibited four individuals from holding positions in the administrative, supervisory, or senior management bodies of insurance and reinsurance entities. The individuals affected are Alberto Oscar De Anso, Santiago Arrizabalaga, Verónica Alves de Brito, and Andrés Martín Pérez Pasarín. These measures aim to enhance transparency and proper administration within the sector.
SupervisionAuthorisations & approvalsFitness and propriety
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2025-08-13•Moldova•National Bank of Moldova
The National Bank of Moldova reported a decline in the national economy's net financial worth to -MDL 100.0 billion as of 31 March 2025, down from -MDL 91.1 billion at the end of 2024, with liabilities rising faster than assets. Households remained net creditors but saw a 1.8% decline, while non-financial corporations had the largest net debtor position at -MDL 285.5 billion. Total economy-wide debt reached MDL 629.3 billion, or 191.5% of GDP, with significant external borrowing by the general government and non-financial corporations.
Data & statisticsBalance of payments and other external statistics
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2025-08-13•Moldova•National Bank of Moldova
The National Bank of Moldova has launched an "experimental statistics" section, releasing initial quarterly financial accounts for Q1 2025. The data shows a net financing requirement of -MDL 18,326 million, a deterioration of MDL 8,813 million from Q1 2024, equating to 5.6% of GDP. The experimental release includes detailed matrices and methodologies, with plans to refine and integrate findings into official statistics based on user feedback.
Data & statisticsEconomic data and developmentsFinancial and market indicators
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2025-08-13•Moldova•National Bank of Moldova
The National Bank of Moldova's Q2 2025 update shows a continued rise in Chișinău's residential property prices, albeit slower, with the RPPI at 222.0. Despite a 34.4% drop in total residential transactions, the mortgage-financed share rose to 71.6%, driven by a 77.8% increase in Prima Casă Plus mortgage lending. The central bank emphasized its ongoing monitoring of real estate developments and readiness to use macroprudential tools to manage systemic risks.
Data & statistics
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2025-08-13•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated the UK Sanctions List under the Global Irregular Migration and Trafficking in Persons regime, affecting one designation subject to an asset freeze. The amendment concerns Marko Petrovic, linked to the Kavac Gang, involved in passport procurement for unlawful entry into Balkan and Turkish countries. Entities must freeze assets immediately upon identification, report suspected breaches, and consider indirect control by designated persons.
EnforcementSanctions & designationsSanctions list update
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2025-08-13•Europe•Single Resolution Board
The Single Resolution Board (SRB) has launched a public consultation on updated operational guidance for banks regarding separability and transferability in resolution. The revisions include an operational framework for transfer playbooks and an annex on testing strategies, aiming to enhance efficiency without introducing new deliverables. The SRB will engage with the banking industry and stakeholders in September to discuss the proposals.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-08-13•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE and the Bank of South Sudan signed a memorandum to cooperate on security printing, payment card solutions, and knowledge exchange. UAE's Oumolat will provide banknote security printing, while Al Etihad Payments will help develop South Sudan's payment card system in two phases, focusing on transaction processing and infrastructure. The agreement includes information sharing and training for South Sudanese banking personnel.
Policy & regulationCooperationCross-border cooperation
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2025-08-12•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reached a settlement with Mylecke SA, mandating a payment of EUR 17,500 and the publication of the firm's name on the FSMA website. The press release is available on the FSMA’s French and Dutch sites.
EnforcementInvestigations & enforcement actionsOther
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2025-08-12•Chile•Ministry of Finance (Chile)
Chile’s Ministry of Finance shared insights from Capital Markets Coordinator Alejandro Puente on the Pension Reform's impact. Expected outcomes include deeper capital markets, a shift to long-term investing, and increased pension system certainty. Puente projected pension fund assets could rise by 10% of GDP over 20 years, with phased implementation starting in 2027 and a Financial Stability Council working group addressing potential risks.
Policy & regulationGuidance & interpretation
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2025-08-12•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo's 21st Financial Stability Report affirms the resilience and stability of the financial system amid global economic uncertainties. Kosovo's economy grew by 4.4% in 2024 with inflation at 1.6%, and forecasts for 2025 predict 4.1% growth and 3.3% inflation. The report highlights a stable fiscal position, a widening current account deficit, and robust bank credit growth, with financial soundness indicators within norms.
ResearchFinancial and market indicatorsSupervisory data
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2025-08-12•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia (SFC) has launched the “¡Alerta! Ofertas fraudulentas” microsite to help consumers identify and avoid fraudulent investment and credit offers. It covers pyramid schemes, cryptoasset and forex scams, unauthorised insurance activity, and fake lenders, providing definitions, recommendations, and reporting guides. This follows the SFC's issuance of 13 administrative measures against illegal deposit-taking activities affecting 938 people for at least COP 30,678 million between 2024 and mid-2025.
Financial literacy & educationFraud and scams
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2025-08-12•Colombia•Central Bank of Colombia
The Central Bank of Colombia announced the Unidad de Valor Real (UVR) values for 16 August to 15 September 2025, as detailed in Board of Directors Bulletin 31 of 2025, pursuant to External Resolution 13 of 2000.
Data & statisticsOther
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2025-08-12•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama met with the United States Ambassador to discuss regulatory cooperation, technical assistance, and correspondent banking relationships. The meeting emphasized the importance of the U.S. as Panama’s main trading partner and the strength of Panama’s banking system. Cooperation and technical assistance were identified as priorities for enhancing transparency and financial-sector soundness.
SupervisionCooperationCross-border cooperation
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2025-08-12•Europe•European Banking Authority
The European Banking Authority released a report on supervisory technology (SupTech) in AML/CFT supervision, highlighting its role in the new EU framework. It notes 47% of SupTech tools are operational, with benefits like improved data quality and risk identification, but challenges remain in resources and data governance. The EBA will continue supporting national authorities and the Anti-Money Laundering and Countering the Financing of Terrorism Authority in enhancing technology use.
Policy & regulationGuidance & interpretationAML and CFTRegtech and suptech
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2025-08-12•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority and CRDB Bank have agreed to finalize agricultural insurance regulations and enhance specialist skills in Tanzania. This agreement follows a 2024 memorandum of understanding focused on agricultural policy reform, insurance product development, and capacity building.
Policy & regulationCooperationCapacity building
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2025-08-12•Italy•Bank of Italy
The Bank of Italy released updated statistics on international tourism in Italy as of May 2025, based on its long-standing survey of resident and non-resident travellers at Italian borders.
Data & statisticsBalance of payments and other external statistics
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2025-08-12•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) hosted the National Forum of Financing Services and Microfinance 2025 in Jakarta, focusing on expanding funding access for productive sectors and MSMEs. OJK emphasized the need for tailored regulation and supervision due to increased risk and complexity from innovation in financing and microfinance, aligned with Law No. 4 of 2023. The forum outlined steps to finalize industry roadmaps and advance deregulation efforts, with the segment's assets and financing disbursements growing year-on-year.
Policy & regulationReform agendas & prioritiesSME financing
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2025-08-12•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) launched Cybersecurity Guidelines for Digital Financial Asset Trading Platform Operators at OJK Digination Day 2025 to enhance platform resilience and consumer protection. The event reviewed Financial Sector Technology Innovation developments and marked two years since OJK's supervisory function establishment for Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets. Highlights included a strategic talkshow on market deepening and a mock-up project with the International Labour Organization to digitise the dairy industry ecosystem.
Policy & regulationGuidance & interpretationFintech and insurtechSupervision process and methodologies
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2025-08-12•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Corruption Eradication Commission (KPK) have launched the Integrity Builder Expert certification programme to enhance OJK's internal integrity and anti-corruption efforts. The initiative aligns with OJK's core functions and includes an Anti-Fraud Strategy with measures like fraud risk assessments and a whistleblowing system. OJK plans to expand collaboration with a PAKSI certification programme for 50 employees in November 2025.
Institutional developmentCooperation & capacity buildingOther
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2025-08-12•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported on a Training of Trainers session under its OJK PEDULI programme, aimed at enhancing financial literacy among women entrepreneurs and MSMEs. Conducted with the Indonesian Women Entrepreneurs Association (IWAPI), the initiative aligns with Indonesia’s National Strategy for Financial Literacy 2021–2025. The Jakarta session involved over 500 IWAPI members and aims to create a network of women MSME "financial literacy ambassadors."
Financial literacy & educationFinancial literacy and education
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2025-08-12•Bermuda•Ministry of Finance (Bermuda)
Bermuda's Ministry of Finance hosted a Digital Finance Roundtable and launched the Bermuda Stablecoin Association (BSA) to advance its digital finance agenda. The roundtable included the Bermuda Monetary Authority and industry stakeholders to discuss priorities for regulated digital assets and stablecoins. The BSA aims to support stablecoin adoption and institutional standards through working groups on compliance, technical standards, policy engagement, and public education.
Policy & regulationCooperationStablecoins
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2025-08-12•Australia•Australian Securities & Investments Commission
In the second half of FY25, the Australian Securities & Investments Commission (ASIC) took action against 28 self-managed superannuation fund auditors, totaling 48 actions for the year. These addressed breaches in independence, auditing standards, and statement lodgement. From January to June 2025, ASIC disqualified three auditors, imposed conditions on 12, and cancelled 13 registrations. Overall, FY25 saw seven disqualifications, three suspensions, 14 conditions, and 24 cancellations. Auditors can appeal to the Administrative Review Tribunal.
SupervisionAuthorisations & approvalsAuditing
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2025-08-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission announced that the Federal Court imposed AUD 7.4 million in penalties on Rent4Keeps Pty Ltd and its largest franchisee, Darranda Pty Ltd, for overcharging consumers and failing to meet credit licensee obligations. Darranda entered into 516 agreements misrepresented as leases, breaching the 48% annual rate cap and failing to disclose key contract details. Rent4Keeps was complicit in these breaches, targeting low-income consumers and Centrelink recipients, leading to payments nearly four times the retail cost of goods.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-08-12•Australia•Australian Securities & Investments Commission
The Administrative Review Tribunal upheld ASIC's decision to ban Joel James Hewish, director of United Global Capital Pty Ltd, from financial services for 10 years. This follows Hewish's appeal against ASIC's May 2024 ruling. Hewish may appeal to the Federal Court, and ASIC's investigation continues.
EnforcementSanctions & designations
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2025-08-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that Darryl Brian Mapleson was sentenced by the Supreme Court of Western Australia for insider trading in Beacon Minerals Limited. Mapleson received a 12-month imprisonment, to be released on a AUD 5,000 recognisance for good behaviour for two years, and a AUD 60,000 fine. He used inside information from his role at BM Geological Services Pty Ltd to procure shares through Rosdarem Pty Ltd and Rosdarem Investments Pty Ltd before a significant announcement, leading to a 33% share price increase. The case was prosecuted by the Commonwealth Office of the Director of Public Prosecutions.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) charged former investment manager Rodney Forrest with insider trading and providing unlicensed financial advice. Forrest pleaded guilty to acquiring AUD 2.6 million in Platinum Asset Management shares using inside information and operating a financial services business without a licence. The case, prosecuted by the Commonwealth Director of Public Prosecutions, is among the first referred to the Federal Court under ASIC's expanded criminal jurisdiction.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-12•United States•National Association Of Insurance Commissioners
At the 2025 Summer National Meeting, National Association of Insurance Commissioners President Jon Godfread prioritized modernizing state-based insurance supervision. Key areas include strengthening Risk-Based Capital (RBC) governance, enhancing reinsurance oversight, and implementing AI guardrails. Godfread emphasized RBC governance should prioritize solvency objectives and highlighted scrutiny of offshore reinsurance and asset adequacy testing.
Policy & regulationReform agendas & prioritiesOther
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2025-08-12•Norway•Department of Finance (Norway)
Norway's Department of Finance is soliciting written input for its evaluation of the monetary policy provision established by royal resolution on 13 December 2019. This initiative, highlighted in the Financial Markets Report 2025, invites stakeholders to share their experiences with the current arrangement.
Policy & regulationGuidance & interpretationMonetary policy decisions and developments
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2025-08-12•Ghana•Securities and Exchange Commission Ghana
The Securities and Exchange Commission Ghana released the Securities Industry (Financial Resources) Guidelines 2025, detailing financial resource requirements for licensed market operators. The guidelines specify minimum liquid capital thresholds by activity, such as GHS 5,000,000 for a securities exchange and GHS 200,000,000 for a primary dealer, and outline the calculation of liquid capital and monitoring obligations. Operators must comply with phased liquidity requirements by December 2026, facing penalties for non-compliance.
Policy & regulationRules & requirementsPrudential risksAccounting and financial reporting
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2025-08-12•United States•Federal Reserve Bank of Richmond
The Federal Reserve Bank of Richmond's Econ Focus article addresses rising payments fraud, emphasizing recent check-fraud tactics. It highlights a viral TikTok hack in 2024 that led to account freezes and reports USD 12.5 billion in fraud losses, likely underestimated due to underreporting. The article also discusses criminal methods and the Federal Reserve's FraudClassifier and ScamClassifier models for classifying and monitoring fraud.
ResearchFraud and scams
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2025-08-12•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that the Stock Exchange of Hong Kong Limited has taken its first disciplinary action against two former directors of TOMO Holdings Limited for non-cooperation with investigations. Ms. Ma Xiaoqiu and Mr. Jin Lailin were publicly censured and deemed unsuitable for director or senior management roles. The SFC's investigation into possible contraventions involving TOMO is ongoing.
EnforcementSanctions & designationsCorporate governance
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2025-08-12•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendence of Banking, Insurance and Private Pension Funds (SBS) reported that Municipal Savings and Credit Banks (CMAC) reached PEN 37.1bn in direct lending as of June 2025, focusing on micro and small enterprises. CMAC also provided PEN 7bn in consumer credit and PEN 1.6bn in mortgages, while managing PEN 32.7bn in deposits. The SBS is conducting in-person supervisory visits to discuss governance and financial soundness as part of a national outreach programme.
SupervisionReviews, inspections & stress testsLendingSupervision process and methodologies
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2025-08-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert after Chong Hing Bank Limited reported a fraudulent website and internet banking login screen. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-08-12•Global•Ceres
Ceres' analysis of US insurance sector climate risk reporting reveals a gap between insurers' climate commitments and progress measurement, with none of the 45 groups disclosing necessary emissions targets. The report highlights limited emissions-target reporting, inadequate climate goal monitoring, and underutilization of scenario analysis technologies. This complements Ceres' broader 2025 climate disclosure review of 526 insurance groups, structured around the TCFD framework.
ResearchClimate risk and sustainable finance
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2025-08-12•Palau•Palau Financial Institutions Commission
The Palau Financial Institutions Commission (FIC) announced that Palau International Bank Limited (PIBL) is not licensed to operate in Palau, following false claims on a website. The FIC is working to remove the site, clarified PIBL's lack of affiliation with the licensed Palau Investment Bank, and warned of penalties for unauthorized use of banking terms.
SupervisionAlertsLicence withdrawal
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2025-08-12•Palau•Palau Financial Institutions Commission
The Governing Board of the Palau Financial Institutions Commission appointed Ms. V. Tikei Sbal as Executive Commissioner, effective May 20, 2025, to uphold the Commission's mandate for integrity and stability in Palau's financial sector.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-12•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 the Republic of Kazakhstan has revoked the licence of “Arys” Credit Partnership LLP for microfinance activities due to systematic legal breaches. The firm must re-register to remove terms implying microcredit provision or opt for reorganisation or liquidation within 30 days. Clients must continue to fulfill obligations under existing microcredit agreements.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-12•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Agency for Regulation and Development of the Financial Market has licensed JSC KMF Bank as the 23rd second-tier bank, transitioning from a microfinance organization. The licence permits deposit-taking, credit provision, and foreign exchange transactions, with individual services pending inclusion in the mandatory deposit guarantee system. As of 1 August 2025, KMF reported assets of KZT 395bn, a loan portfolio of KZT 315bn, and a capital adequacy above 22%, mainly serving small and medium-sized enterprises.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-12•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced updates to the financial sanctions regimes for Iraq and Russia, as issued by the Isle of Man Treasury, Customs and Immigration Division. The notice directs stakeholders to the Isle of Man Government news releases and the Treasury division’s Sanctions and Export Control webpage for detailed information and ongoing notifications.
Policy & regulationGuidance & interpretationSanctions list update
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2025-08-12•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has updated its Regulatory Guidance on Fitness and Propriety and the F&P1 Individual Questionnaire, altering the processing of criminal record checks for Controlled Functions. Firms must now submit a copy of the criminal record check certificate with the F&P1 Questionnaire, aligning with the existing practice for R1 individual controllers under the F&P3 process.
Policy & regulationGuidance & interpretationFitness and propriety
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2025-08-12•Global•Bank for International Settlements
The Bank for International Settlements' BIS Bulletin analyzes the macroeconomic impacts of tariff hikes and trade policy uncertainty, noting tariffs reduce output growth and can increase inflation. It identifies the direct trade channel as the primary mechanism, with higher import prices causing stagflationary effects in tariff-imposing countries and weaker export demand in tariffed economies. It warns of risks from supply chain disruptions and trade diversion, noting prolonged trade policy uncertainty can significantly impact GDP and growth-at-risk outcomes.
Research
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2025-08-12•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 the Republic of Kazakhstan has terminated the licence of Tezpolis Insurance Broker LLP for insurance brokerage activities following the firm's voluntary return of the licence, as per Deputy Chair order No. B-314.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-12•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
Ernesto Bournigal, superintendent of the Dominican Republic's Securities Market Superintendency, highlighted efforts to expand securities market access, noting DOP 3 billion mobilised in public offerings. Initiatives include financial education sessions, digital platform investments, and an "On Boarding" mechanism for opening brokerage accounts. The market supports financing in sectors such as energy, infrastructure, health, and tourism.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-08-12•Iraq•Central Bank of Iraq
The Central Bank of Iraq, led by Governor Ali Mohsen Al-Allaq, engaged with Oliver Wyman to refine the banking reform plan, emphasizing governance, compliance, risk management, and technological efficiency to align with international standards and restore ties with correspondent banks.
Policy & regulationReform agendas & priorities
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2025-08-12•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority has introduced a regulatory framework for "Global Access" via India's International Financial Services Centre, allowing regulated foreign securities trading. Developed with stakeholder input, it sets norms for Global Access Providers and Introducing Brokers to enhance market access, investor protection, and market integrity. It aims to facilitate Indian retail investors' global market access and encourage onshoring trading activities to the IFSC.
Policy & regulationRules & requirementsCross-border payments
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2025-08-12•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) updated on implementing Resolution PREVIC 23/2023, shifting from focusing on 18 systemically important entities to a segmentation approach for supervising 270 closed supplementary pension entities (EFPC). The update highlights a transition to risk-based supervision, structured risk management, and standardized inspection procedures. PREVIC plans a public consultation in September 2025 for further revisions, aiming to align with national pension and monetary council rules, including ESG investment criteria.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2025-08-12•United States•Council of Economic Advisers
The US Council of Economic Advisers released a paper evaluating the impact of expanding retail investor access to alternative investments, particularly private equity, through defined contribution retirement plans. The study suggests such access could enhance participant outcomes, increase risk-adjusted returns, and boost retirement wealth, especially for younger cohorts. It also estimates a potential GDP increase of up to USD 35 billion from expanded private equity access.
ResearchOther
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2025-08-12•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic assessed risk management practices across 45 financial entities, revealing widespread adoption of key risk tools, with 98% defining key risk indicators and 93% conducting stress tests. The report highlights areas for improvement, including concentration measurement and sector correlation analysis. Operational risk specialization increased, and risk tool usage rose, with advancements in risk culture and training.
SupervisionRisk monitoring & watch pointsRisk managementSupervision process and methodologies
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2025-08-12•Global•Bank for International Settlements
The Bank for International Settlements published a BIS Bulletin finding that tariffs generally reduce output growth and raise inflation, especially in tariff-imposing economies, with indirect channels and persistent trade policy uncertainty amplifying these effects. Trade-model estimates suggest the United States would see the largest GDP impact, with smaller but model-dependent effects for the euro area and China, while high-tariff retaliation scenarios generate pronounced stagflationary pressures for Canada and Mexico.
Research
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2025-08-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has mandated Mr. Hoàng Anh Nhật to pay a VND 1,000,000 fee for the re-issuance of his securities brokerage practising certificate. Payment can be made via bank transfer or directly at the Commission. Failure to collect the re-issued certificate within one year will result in its cancellation.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2025-08-12•Estonia•Central Bank of Estonia
The Central Bank of Estonia announced its publication schedule for Estonia's balance of payments and foreign travel statistics. The second quarter balance of payments will be released on 10 September, and third quarter foreign travel statistics on 6 November 2025. These statistics are published separately from economic policy releases.
Data & statisticsBalance of payments and other external statistics
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2025-08-12•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) fined and temporarily banned entities and individuals for unregistered offerings and fraudulent activities. Investplan Securitizadora S.A. and DDbank Donard Digital Bank were fined BRL 3,700,000 each. Salomão Silveira Soares and Pâmela Cristine de Souza received fines and a 60-month ban. Gleiverson Almeida Morete was fined BRL 2,877,927.94 and banned for 69 months, while Thatiana Schaffer de Souza Morete was fined BRL 170,000. Appeals can be made to the Council of Appeals of the National Financial System.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-12•Germany•German Bundesbank
The German Bundesbank's June 2025 securities market statistics show a gross issuance of EUR 143.9 billion in the German bond market, with a net increase of EUR 84.1 billion in debt securities outstanding. Domestic enterprises led net issuance with EUR 46.5 billion, while domestic non-banks were the largest net buyers of domestic bonds at EUR 53.7 billion. In equities, new shares issued amounted to EUR 5.1 billion, with domestic non-banks and banks as net buyers, while foreign investors were net sellers.
Data & statisticsFinancial and market indicators
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2025-08-12•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia and ICAEW Malaysia launched the Coastal Flooding Adaptation & Resilience Challenge for university students to propose scalable solutions for Carey Island. The initiative aims to enhance climate adaptation through the capital market, with SD Guthrie and SEADPRI-UKM as partners. Finalists will present at the ICAEW Sustainability Summit, with winners receiving cash prizes and recognition at the ASEAN Capital Markets Forum International Conference.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice correcting details for Nikola VEIN under the UK Irregular Migration and Trafficking in Persons Sanctions Regulations 2025. Businesses must freeze relevant funds and assets of designated persons and report findings to the Policy & Resources Committee. Prohibitions on providing funds or resources to designated persons remain unless a derogation or licence is granted.
Policy & regulationGuidance & interpretationSanctions list update
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2025-08-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a cyber sanctions notice correcting entries for Aleksey Sergeyevich Morenets and Yevgeniy Mikhaylovich Serebriakov on the consolidated list, maintaining their designation under the Cyber (Sanctions) (EU Exit) Regulations 2020. Businesses must check for relationships with designated persons, freeze relevant funds, report findings, and avoid providing resources unless permitted by derogation or licence. Firms must inform the Commission and submit a report under Handbook Rule 12.37 if an affected relationship is identified.
EnforcementSanctions & designationsSanctions list update
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2025-08-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has launched its new online Applications and Authorisations Portal to streamline processes for financial services businesses in the Bailiwick. Featuring guardrails and conditional logic, the portal has seen increased uptake and more submissions than traditional channels since its release. The Commission plans to expand application types and achieve full industry adoption by year-end.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-08-12•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed a CAD 10,000 penalty and added conditions to Ishaan Ahuja’s insurance licence, citing unsuitability under Ontario’s Insurance Act due to false information and character concerns. This follows a Tribunal decision directing FSRA to issue the licence with conditions, which FSRA has appealed to the Ontario Superior Court of Justice. A stay on the Tribunal’s decision is pending the court's ruling.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-12•Global•World Federation of Exchanges
The World Federation of Exchanges has released a paper urging governments to modernize tax systems to incentivize investment, support savings, and enhance public market appeal. Key recommendations include tax relief for pension savings, reduced withholding taxes, removal of levies on public listings, and streamlined tax reporting, with a focus on supporting small and medium-sized enterprises and opposing financial transaction taxes.
Policy & regulationInternational standards & recommendationsTax transparency and information exchange
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2025-08-12•Russia•Central Bank of Russia
The Central Bank of Russia will replace the Basel LCR with a national liquidity coverage ratio (NLCR) for systemically important credit institutions from 1 October 2025. The NLCR will start at 80% in 2025, increasing to 100% by 2026. It uses domestic bank data, includes a phased concentration limit for high-quality liquid assets, prohibits using dormant nostro accounts to boost liquidity ratios, and adjusts outflow rates for Federal Treasury and household funds. Compliance remains flexible with modified irrevocable credit lines, and a new NLCR reporting form will be introduced in January 2026.
Policy & regulationRules & requirementsLiquidity risk
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2025-08-12•Russia•Central Bank of Russia
The Central Bank of Russia, with ministries and agencies, has adopted a roadmap requiring banks to base loan decisions on borrowers' current official income data. Following a presidential directive, lenders will access real-time income data from the Federal Tax Service and the Social Fund of Russia via the Digital Profile, with borrower consent. The system is expected to be operational by March 2026.
Policy & regulationImplementation, projects & pilotsLending
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2025-08-12•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini's June/July 2025 Monthly Statistical Release reports a slight month-on-month decline in private sector credit and broad money in June, with a sharp increase in provisional gross official reserves in July. Private sector credit fell 0.05% month-on-month but grew 6.5% year-on-year to SZL21.6 billion, while broad money declined 2.0% to SZL23.4 billion. Provisional gross official reserves rose 45.1% month-on-month to SZL11.9 billion, increasing import cover to 2.9 months; the discount rate and commercial banks’ prime lending rate remained unchanged.
Data & statisticsMonetary data
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2025-08-12•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority (FRA) met with ambassadors to promote investment in Egypt's non-banking financial sector, highlighting regulatory developments in digitalisation and fintech. The FRA shared market growth indicators, including increases in equity issuances, insurance premiums, and consumer finance. Future plans involve collaboration with global investment funds and coordination with the Ministry of Foreign Affairs to engage Egyptian communities abroad.
Policy & regulationCooperationMarket developmentDomestic cooperation
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2025-08-12•United States•Federal Reserve Board
The Federal Reserve Board issued a consent prohibition order against Khalila Cooper, a former First Horizon Bank employee, for embezzling bank funds.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-12•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization has proposed guidance to expand educational resources and decision-making supports for Order Execution Only (OEO) dealers, ensuring they do not make recommendations. The proposal aims to provide DIY investors with regulated information and warnings, allowing OEO dealers to offer educational content and tools like alerts and sample portfolios, with safeguards to prevent conflicts of interest.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-08-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission announced a final judgment by the U.S. District Court for the Eastern District of New York against Daniel Winston LaMarco, totaling USD 3,450,400 in restitution and penalties, with a permanent ban on commodity-related activity. The judgment follows prior rulings on forex and commodity pool operator fraud, involving LaMarco and his company, GDLogix, Inc., which fraudulently solicited USD 1,492,650 and operated a Ponzi-like scheme. The court also sanctioned LaMarco for bad-faith filings and threats toward CFTC counsel.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-12•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority fined Vend Marketplaces ASA NOK 10 million for unlawful disclosure of inside information during analyst calls. Vend shared non-public, price-sensitive information, violating the Market Abuse Regulation. The company will accept the penalty and has decided to discontinue pre-close analyst calls and revise its investor-relations practices.
EnforcementInvestigations & enforcement actionsMarket abuse