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2025-08-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission announced that its president, Roberto E. Silva, has been elected to the International Organization of Securities Commissions Finance and Audit Committee for a two-year term. This follows the departure of Nezha Hayat from the Moroccan Capital Market Authority. Silva is also serving as the Inter-American Regional Committee representative to IOSCO for the 2024–2026 term.
Institutional developmentLeadership change & appointmentsAuditingLeadership change and appointments
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2025-08-12•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission, People's Bank of China, and China Securities Regulatory Commission met to enhance financial consumer and investor protection. They reviewed 2025 consumer complaints, agreed on a problem-oriented approach for complaint trends, and emphasized cross-agency coordination to address misconduct. Plans include enhanced risk warnings, enforcement actions, and financial education activities to improve public financial literacy and risk prevention.
Policy & regulationCooperationConsumer and investor protection
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2025-08-12•Macao•Monetary Authority of Macao
The Monetary Authority of Macao reported on the 2025 Financial Talent Training Pilot Project in Wealth Management, noting 23 students completed the programme from 175 applicants. The five-week pilot included in-person training and internships at financial institutions. The authority emphasized its ongoing collaboration with the financial sector and educational institutions to enhance targeted training initiatives.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-12•India•Securities & Exchange Board of India
The Securities and Exchange Board of India released its Annual Report for FY 2024-25, detailing policies, programmes, and market trends from April 2024 to March 2025. The report, prepared under the SEBI (Annual Report) Rules, 2021, is available in Hindi and English on SEBI’s website.
OtherActivity and performance reporting
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2025-08-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan has authorized new foreign exchange activities to liberalize and internationalize the market. Approvals include CTBC Bank and Hua Nan Commercial Bank issuing dollar-denominated structured notes, Fubon Life Insurance conducting foreign exchange wealth management, and several banks issuing foreign currency negotiable certificates of deposit. UBS AG Taipei Branch and Union Bank of Taiwan were approved for foreign securities trading, excluding proprietary trading and hedging.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-12•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission released operating statistics for credit cards, cash cards, and electronic payment institutions as of June 2025, along with non-cash payment indicators for the first half of 2025. Key figures include 59.87 million effective credit cards with a delinquency ratio of 0.29%, and 4.183 billion non-cash transactions valued at NT$4.08 trillion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-12•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Services Commission reported domestic banks' loans to SMEs reached NT$10,569 billion at end-June 2025, up NT$102 billion from end-May. SME lending accounted for 64.73% of total enterprise loans and 68.56% of private enterprise loans, with a stable non-performing loan ratio of 0.21%. The Commission encourages banks to expand SME lending while ensuring risk management.
Data & statisticsSME financing
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2025-08-12•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has issued guidelines for a capital buffer for banks deemed locally systemically important, supplementing existing regulatory capital requirements. This framework applies to official and general licence banks identified as locally systemic.
Policy & regulationRules & requirementsCapital adequacy
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2025-08-12•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama issued Agreement 8-2025, amending its credit risk management framework to recognize guarantees from the Panama Guarantee Fund as a credit risk mitigant. The amendments update specific articles of Agreement No. 4-2013 and take effect upon publication in the Official Gazette.
Policy & regulationRules & requirementsCredit risk
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2025-08-12•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated its financial sanctions notice to align with the UK cyber sanctions list, removing duplicates and amending listings for Aleksey Sergeyevich Morenets and Yevgeniy Mikhaylovich Serebriakov. Both remain subject to asset freezes under the Cyber (Sanctions) (EU Exit) Regulations 2020 in the Isle of Man. The Treasury reiterated compliance expectations for institutions, including asset freezing, verification against the UK Sanctions List, and reporting to the Financial Intelligence Unit.
Policy & regulationRules & requirementsSanctions list update
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2025-08-12•Barbados•Central Bank of Barbados
The Central Bank of Barbados has launched the National Instant Payment System, set to go live on 31 March 2026. The system aims to benefit individuals, businesses, and the economy, with preparations underway to ready Barbadians for its implementation.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-08-11•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance will host activities in Iquique on 12 August to advance the National Financial Inclusion Strategy, focusing on economic autonomy for women and indigenous women entrepreneurs. Supported by UN Women, BancoEstado, and Arturo Prat University, the initiative aims to enhance access to financial services and education for historically excluded groups. A new financial management tool for indigenous women entrepreneurs will also be announced.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-11•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo met with the World Bank’s new Country Director, Carole Megevand, to discuss financial-sector developments and reaffirm cooperation, including technical assistance. Key topics included legal and regulatory reforms, digitalisation, financial resilience, SEPA membership preparation, and the green agenda. The meeting also covered the World Bank’s regional payment-system modernisation project and future integration with EU systems.
Policy & regulationCooperationCross-border cooperation
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2025-08-11•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority is consulting on a draft framework to publicly offer financing investment funds, expanding beyond private placements. The proposals aim to broaden fund structures and introduce new products by enabling public market access for funds engaged in direct and indirect financing. Key elements include public offering and listing on the Main and Parallel Markets, consolidated regulatory provisions, new risk management requirements, and defined investment areas, with indirect financing conducted through entities supervised by the Saudi Central Bank.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has authorized Arlete Marina Afonso da Silva e Santos as a Real Estate Valuation Expert for Collective Investment Undertakings. She is now permitted to value properties for real estate collective investment undertakings under the Commission's supervision.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-11•Ukraine•National Bank of Ukraine
The National Bank of Ukraine and key financial authorities have approved a revised Strategy of Ukrainian Financial Sector Development, addressing priorities amid the ongoing war. It aims to enhance macroeconomic stability, support private investment, and integrate Ukraine's financial system with the EU. Updates include legal reforms, infrastructure resilience, capital market upgrades, and expanded European integration initiatives, aiming for full regulatory equivalence with EU standards by 2027.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket development
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2025-08-11•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) released its report on authorisations and registrations for the first half of 2025, detailing key semiannual indicators.
SupervisionRegulatory reportingSupervisory data
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2025-08-11•Europe•European Banking Authority
The European Banking Authority's Q1 2025 Risk Dashboard shows the EU/EEA credit sector remains robust, with stable capitalisation and profitability despite rising operational risk and cost of risk. Total assets grew 2.7% to EUR 29 trillion, driven by increased debt securities and cash balances, while customer loans rose nearly 1%. Liquidity metrics eased, with the liquidity coverage ratio at 159.5% and net stable funding ratio at 126.9%.
Data & statisticsCredit riskAsset qualityLiquidity risk
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2025-08-11•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority (IA) has authorized SAIC Motor Insurance Limited, marking the second captive authorization in 2025. This reflects increasing market interest in Hong Kong as a captive domicile. The IA aims to address the risk management needs of Mainland state-owned and private enterprises and is exploring expanding captive structures and risk coverage.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) and the World Bank published a study on labour informality's impact on pension savings, revealing only 20% of affiliates have near-complete formal contribution histories. It shows a strong link between contribution density and income, with higher earners contributing more consistently, and notes improved participation among younger cohorts. It recommends enhancing retirement savings through consistent contributions and complementary pension plans.
ResearchFinancial inclusion
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2025-08-11•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released notes from its Superannuation CEO Roundtable, addressing recent cyber incidents affecting superannuation entities. The notes outline APRA's observations and supervisory expectations for enhancing cyber resilience to safeguard superannuation members and the broader system. The roundtable, held on 10 July 2025, included input from key government agencies and affected superannuation entities.
SupervisionRisk monitoring & watch pointsCyber resilience
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2025-08-11•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released notes from a superannuation industry CEO roundtable addressing recent cyber incidents, outlining observations and expectations for enhanced cyber resilience to protect members and the broader system.
Policy & regulationGuidance & interpretationCyber resilience
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2025-08-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance launched the National Financial Inclusion Strategy (ENIF) 2025-2031 to expand affordable financial services and enhance literacy. Building on ENIF 2016-2022, it emphasizes digital services, credit access, and green finance, led by the Bank of Mozambique and the Mozambique Insurance Supervision Institute. Targets include increasing adult bank account ownership to 60% and formal credit access to 30%, focusing on women, youth, and vulnerable groups.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2025-08-11•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine's National Securities and Stock Market Commission, with key financial authorities, approved an updated Strategy for Financial Sector Development to enhance coordination and stability amid wartime uncertainty. It includes legislative measures for entrepreneurship, mortgage lending, social insurance reform, digital resilience, and a new EU integration initiative. By end-2024, 87% of the Strategy's measures were either fully implemented or on schedule.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket development
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2025-08-11•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine's National Commission on Securities and Stock Market mandates that financial statements under International Financial Reporting Standards (IFRS) be submitted exclusively in XBRL format to the Financial Reporting Collection Center from November 2025. This change eliminates the XML format requirement and aligns with Cabinet of Ministers Resolution No. 419 and the updated Law No. 4196. Full compliance is expected by August 28, 2025.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-11•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority (CMA) is consulting on a draft framework to allow financing investment funds, previously limited to private placements, to be publicly offered and listed on the Main and Parallel Markets. The draft consolidates rules into a single document and introduces risk management limits, including a 25% exposure cap to a single beneficiary. It also outlines permitted investment areas and methods for indirect financing activities through entities supervised by the Saudi Central Bank.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-11•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released statistics for July 2025 from the Central Information Repository.
Data & statisticsSupervisory data
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2025-08-11•Italy•Bank of Italy
The Bank of Italy's Italian Housing Market Survey for Q2 2025 shows a moderate rise in house prices and a continued increase in rents, albeit with signs of slowing. Mortgage loan accessibility improved for the seventh consecutive quarter, while demand remained strong despite a decline in new sale listings. Short-term lets significantly impacted housing prices and availability, according to over half of the surveyed real estate agents.
Data & statisticsEconomic data and developments
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2025-08-11•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) aims to enhance the capital market's role in national development by expanding listings, strengthening investor demand, and upgrading infrastructure. OJK reported first-half 2025 economic growth of 5.12% and significant market performance, with the Jakarta Composite Index up 6.41% year-to-date. Since the last anniversary, OJK issued 18 regulations and highlighted achievements in corporate governance and carbon trading.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-11•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica reported a 4.2% year-on-year growth in its Monthly Index of Economic Activity for June 2025, slightly slower than the previous year. Growth was driven by firms in special regimes, with a 15.5% increase due to higher exports of medical devices and growth in IT services. The definitive regime saw a 1.8% expansion, tempered by declines in construction, agriculture, and air tourist arrivals.
Data & statisticsEconomic data and developments
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2025-08-11•Indonesia•Bank Indonesia
Bank of Indonesia's Retail Sales Survey forecasts a 4.8% year-on-year increase in the Real Sales Index to 222.5 for July 2025, despite a 4.0% month-on-month contraction due to a post-holiday slowdown. Growth is driven by spare parts, food, and automotive fuel, while declines are linked to weaker sales in information and communication equipment. Respondents anticipate milder inflationary pressures in the short term, with the Price Expectations Index for September 2025 at 134.7, but expect stronger pressures by December 2025 as the index rises to 163.4.
Data & statisticsEconomic data and developments
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2025-08-11•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance and Latvijas Banka have launched a public consultation on a 2025–2027 strategy to boost Latvia's FinTech sector, targeting growth in companies, investment, and employment. The strategy emphasizes infrastructure, regulation, capital access, international promotion, and talent, with measures like a single contact point for FinTech businesses and improved funding access. Existing initiatives include a crypto-asset licensing regime and access to Latvijas Banka’s payment system for non-bank providers.
Policy & regulationReform agendas & prioritiesFintech and insurtech
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2025-08-11•United States•National Association Of Insurance Commissioners
The NAIC's Financial Regulation Standards and Accreditation Committee granted reaccreditation to the insurance regulatory departments in Maryland, Oregon, and Washington State at the 2025 Summer National Meeting. NAIC accreditation confirms a state insurance regulator meets financial solvency oversight standards, facilitating multistate supervision. Accredited departments undergo comprehensive reviews every five years, with interim annual assessments.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2025-08-11•Czech Republic•Czech National Bank
The Czech National Bank reported a 27% increase in instant interbank credit transfers in the first half of 2025, with instant payments now comprising over 40% of daily transfers. The growth is attributed to 24/7 availability and extensive market coverage, with 99% of bank clients having access. The CNB plans to accept instant payments for public-sector accounts and is working on instant processing for bulk payments with banks by the end of 2025.
Data & statistics
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2025-08-11•New Zealand•Serious Fraud Office
New Zealand's Serious Fraud Office announced that Aroha Awhinanui Tuira pleaded guilty to charges of obtaining by deception in a Ponzi scheme involving nearly NZD 4 million and over 55 investors, following her husband's earlier guilty plea. The scheme, targeting the te ao Maori community, spanned from May 2014 to May 2021, with sentencing set for 7 November 2025.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-11•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission is developing the Fifth Insurance Development Plan for 2026–2030, focusing on consumer awareness, insurer stability, economic support, and sector modernization. Key areas include addressing emerging risks, enhancing financial literacy, and leveraging technology for transparency and fairness. The plan will undergo public consultation before final approval by the end of 2025.
Policy & regulationReform agendas & prioritiesOther
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2025-08-11•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 3,317 consumer complaints in Michoacán for January to June 2025, a 6.6% increase from 2024, with claims totaling MXN 236.7 million. Credit cards, debit cards, and personal loans were the main sources of complaints, with unrecognized purchases and electronic transfers being significant issues. Multiple banking accounted for 67% of complaints, with 55.1% linked to potential fraud.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2025-08-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) and the Institute of Pure and Applied Mathematics (IMPA) have partnered to establish the Insurance Innovation Laboratory (LabSeg) to advance insurance market solutions using advanced mathematics. LabSeg will focus on decision-support technologies, data processing, AI optimization, and sustainability, leveraging IMPA's expertise in mathematical modeling and AI to enhance regulation.
Institutional developmentCooperation & capacity buildingSupervision process and methodologies
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2025-08-11•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan's delegation, led by Chairman Firdavs Nazrimad Tolibzoda, visited the German Federal Bank in Munich to exchange central banking experiences, focusing on cash centre operations. Discussions with Bundesbank officials included modern cash processing technologies, security systems, and counterfeit currency measures. Both parties expressed a commitment to further developing their partnership.
Policy & regulationCooperationLeadership change and appointments
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2025-08-11•South Africa•South African Reserve Bank
The South African Reserve Bank's Working Paper shows that South African banks with higher climate and environmental engagement have better credit portfolio quality, indicated by lower impaired loan ratios. The study uses a text-based C&E engagement indicator from 647 investor reports and employs advanced econometric methods to address endogeneity and selection issues. This preliminary research aims to provoke discussion and does not reflect official policy.
ResearchClimate risk and sustainable finance
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2025-08-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has appointed Lyn I. Javier as Deputy Governor of its Financial Supervision Sector, succeeding Chuchi G. Fonacier. Javier, a certified public accountant, has been with the central bank since 1998 and previously served as Assistant Governor, overseeing supervisory policy and specialized supervision.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a year-on-year increase in net foreign direct investment (FDI) inflows to USD 586 million in May 2025, driven by an 88.3% rise in net investments in debt instruments. However, cumulative net FDI inflows for January to May 2025 decreased to USD 3.0 billion from USD 4.0 billion the previous year. The data, compiled under the Balance of Payments and International Investment Position Manual, 6th edition, highlighted a 61.4% decline in net equity capital inflows.
Data & statisticsBalance of payments and other external statistics
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2025-08-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported gross foreign exchange reserves of EUR 28,334.7 million at the end of July 2025, an increase of EUR 931.1 million from June, with net reserves rising to EUR 24,060.7 million. The reserves covered 165.0% of the M1 money supply and 6.7 months of imports. Interbank foreign exchange market trading in July totalled EUR 623 million, with the dinar's value against the euro remaining stable.
Data & statisticsBalance of payments and other external statistics
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2025-08-11•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission (FSC) announced a credit recovery support plan to expunge past overdue debt history for eligible delinquent debtors who repay overdue debts by 31 December 2025. The plan targets individuals and business owners with debts up to KRW 50 million accrued between January 2020 and August 2025. From 30 September 2025, financial companies will suspend sharing past delinquent debt history, potentially improving credit scores.
Policy & regulationImplementation, projects & pilotsCredit risk
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2025-08-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a public judgment session on 12 August to decide on two administrative sanctioning proceedings. The cases involve alleged irregularities by DDbank Donard Digital Bank in a debenture offering and alleged fraudulent operations by Thatiana Schaffer de Souza Morete and Gleiverson Almeida Morete. The session will be conducted in person and via videoconference, with restricted electronic voting if the accused do not participate.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2025-08-11•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia and Bank Negara Malaysia, co-chairs of the Joint Committee on Climate Change (JC3), reported progress on the Climate Finance Innovation Lab and outlined workstreams for a unified Malaysian Taxonomy on Sustainable Finance. JC3 discussed geopolitical impacts on decarbonisation and plans for a science-based taxonomy aligned with ASEAN standards. The committee supports the National Sustainability Reporting Framework and will publish the fourth JC3 Data Catalogue in November 2025.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-11•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released issue 194 of its July 2025 periodical, detailing its regulatory, supervisory, and institutional activities. The publication aims to enhance consumer and investor understanding of the markets under its supervision.
Other
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2025-08-11•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia and the Securities Commission Malaysia, co-chairs of the Joint Committee on Climate Change (JC3), outlined expanded membership and priorities to enhance climate finance and sustainability reporting. The JC3 highlighted strong interest in the Climate Finance Innovation Lab and discussed developing a unified Malaysian Taxonomy on Sustainable Finance. Upcoming initiatives include publishing the JC3 Data Catalogue and an SME climate conference in November 2025.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-11•Ukraine•Ministry of Finance (Ukraine)
Ukraine's Ministry of Finance and financial regulators approved a revised Financial Sector Development Strategy to tackle war challenges and boost EU integration. Updates focus on macroeconomic stability, capital market infrastructure, digital resilience, and EU cooperation. The Committee on Financial Development reports 87% of actions completed by end-2024.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2025-08-11•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) has charged Dino Delellis, aka Dean Delalis, with fraud and making a prohibited representation under the Securities Act, related to alleged misconduct affecting two Ontario investors. The OSC alleges Delellis misused investor funds for personal expenses, failed to invest as promised, and used a fake name to hide past securities misconduct. The charges stem from an OSC Enforcement Division investigation.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-11•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) issued a scam alert regarding the website https://bullcrestcopy.com, which is not associated with any FSA-licensed or regulated entity. The FSA advises investors and the public to perform due diligence before engaging in transactions or sharing personal information.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2025-08-11•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has released a draft memorandum for public comment, requiring sustainability reports from publicly listed companies and large non-listed entities using Philippine Financial Reporting Standards Sustainability Disclosure Standards. Implementation begins in fiscal year 2026, with tiered reporting based on market capitalization and potential mandatory assurance of greenhouse gas emissions. Penalties for non-compliance will align with existing frameworks for publicly listed companies, with further details for large non-listed entities to follow.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-08-11•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against an entity unlawfully using Una Amigo Lending Corporation's name for unregistered lending activities. The SEC directed the entity to stop all lending-related activities and misrepresentation following a complaint by Una Amigo Lending. The entity allegedly used unauthorized materials, including a fake website, SEC registration document, logo, identification cards, and office setup.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-11•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC warned against unlicensed online crypto-asset platforms, naming unregistered providers like OKX, Bybit, and Kraken. Risks include potential total loss of funds, fraud, and money laundering, referencing SEC Memorandum Circulars and the Anti-Money Laundering Act. The SEC may pursue legal actions, including cease and desist orders and criminal complaints, against violators.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs urged Federal Reserve Vice Chair for Supervision, Comptroller of the Currency, and FDIC Acting Chairman to extend the comment period and conduct a thorough economic analysis of the proposal to reduce the enhanced supplementary leverage ratio (eSLR). They highlighted concerns about potential impacts on GSIB capital levels, systemic risks, and costs to the Deposit Insurance Fund and broader economy, emphasizing the need for robust impact analysis and clear rationale for the proposed changes.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-08-11•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Royal Canadian Mounted Police’s Federal Policing Northwest Region reported a coordinated ATM fraud at casino-based ATMs in Edmonton, leading to money laundering and fraud charges. FINTRAC supported the investigation, uncovering over CAD 1 million in losses and resulting in additional drug trafficking charges. Six search warrants revealed evidence of fraud, money laundering, and cocaine possession, prompting an Alberta-wide arrest warrant for a fifth individual.
EnforcementInvestigations & enforcement actionsFraud and scamsAML and CFT
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2025-08-11•United Kingdom•HM Treasury
HM Treasury's policy statement on the UK's Appointed Representatives regime confirms plans to maintain its broad scope while reforming principal oversight and consumer redress. Key changes include requiring authorised firms to obtain Financial Conduct Authority permission before appointing ARs and extending the Financial Ombudsman Service's jurisdiction for direct AR investigations. The government will consult on the detailed design of these reforms.
Policy & regulationReform agendas & prioritiesOther
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2025-08-11•Chile•Central Bank of Chile
The Central Bank of Chile, in collaboration with INACAP, has concluded the semifinal phase of its Financial Education Olympics, a student competition marking the BCCh centenary. Twenty-eight school teams participated, with BCCh officials attending events across six regions. Seven teams will advance to the national final in October at the BCCh's institutional building.
Financial literacy & educationFinancial literacy and education
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2025-08-11•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets reported a 33.8% increase in primary-market issuance volumes to MDL 427.19 million for January–June 2025, despite a decrease in the number of issues. Secondary-market turnover fell 22.43% to MDL 812.38 million, with off-exchange activity dominating transactions. Notably, foreign direct investment in share capital rose significantly, driven by Romanian and German investors.
Data & statisticsFinancial and market indicators
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2025-08-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has initiated registrations for joint workshops with the private sector as part of its Market Development Agenda. These workshops aim to contribute to a Policy Document on the Modernization of the Chilean Capital Market, scheduled for release in the first half of 2026. The sessions will address corporate governance, financing for small businesses, savings promotion, and capital market infrastructure.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-08-11•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority released its second annual Consumer Complaints and Investigations Report, noting it closed more complaints than received from 1 April 2024 to 31 March 2025. Real estate complaints increased by 14%, and insurance enforcement collections rose from CAD 30,000 to CAD 200,000.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-08-11•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) released its second annual Consumer Complaints and Investigations Report, detailing complaint handling and compliance outcomes from April 2024 to March 2025. The report notes 1,890 complaints received and 2,077 closed, with real estate complaints rising 14% and insurance compliance agreements increasing, resulting in CAD 200,000 collected. An "at a glance" visual summary accompanies the report.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-08-11•Canada•Bank of Canada
The Bank of Canada's Q2 2025 Market Participants Survey indicates modest GDP growth and inflation near 2% through end-2025. Respondents noted a negative output gap and a non-trivial recession probability, with median forecasts of 0.8% GDP growth at end-2025 and 1.8% at end-2026. Upside risks include easing trade tensions and fiscal stimulus, while downside risks involve increased trade tensions and weaker consumer spending and housing markets.
Data & statisticsEconomic data and developments
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2025-08-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the Bank of Korea signed a memorandum of understanding on cooperation and technical support for central banking operations. This agreement was part of a broader package of Vietnam–Korea bilateral cooperation documents exchanged during Vietnam’s state visit to South Korea.
Policy & regulationCooperationOther
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2025-08-11•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) and the National Social Security Administration (ANSES) signed a cooperation agreement to enhance collaboration and develop joint financial education activities. The agreement includes mutual assistance in CNV’s financial education programme and CNV’s participation in the "ANSES goes to your workplace" initiative.
Policy & regulationCooperationDomestic cooperation
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2025-08-11•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
FINMA announced that Switzerland's Federal Department of Economic Affairs, Education and Research has expanded Russia-related sanctions lists, aligning with the EU's 18th sanctions package. Financial intermediaries must implement prohibitions, freeze assets, and report to SECO, while fulfilling obligations under the Anti-Money Laundering Act for further clarifications and reporting.
Policy & regulationRules & requirementsSanctions list update
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2025-08-11•South Korea•Bank of Korea
The Bank of Korea and the State Bank of Viet Nam have signed a revised memorandum of understanding, updating the original agreement from 2004.
Policy & regulationCooperationCross-border cooperation
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2025-08-11•Bhutan•Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan has revised the Single Minimum Lending Rate (MLR) to 6.11% for June 2025, down from 6.38% in December 2024, consistent with its 2016 circular.
Monetary policyPolicy rate decisionsAML and CFT
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2025-08-11•Moldova•National Bank of Moldova
The National Bank of Moldova is amending its regulation on electronic customer identity verification to align with updated anti-money laundering and counter-terrorism financing laws. This initiative seeks to harmonize Regulation No. 281/2024 with Article 51(1) of Law No. 308/2017, as revised by Law No. 144/2025.
Policy & regulationRules & requirementsKYC
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2025-08-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority approved Saudi Industrial Development Company's SAR 165 million capital increase via a rights issue for shareholders registered at the Security Depository Center post-extraordinary general assembly meeting. The meeting date, offering price, and number of shares will be announced later. The CMA stressed its approval confirms legal compliance, not a subscription recommendation, advising investors to review the prospectus and consult financial advisers.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Israel•Bank of Israel
Bank of Israel Governor Prof. Amir Yaron presented a report to enhance competition in Israel's retail banking by reducing entry barriers, easing licensing for nonbank entities while maintaining standards. It recommends a tiered approach to address compliance costs and financial backing, aiming to introduce new participants and complement ongoing reforms like open banking and immediate payments.
Policy & regulationReform agendas & prioritiesCompetition and market structure
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2025-08-10•Israel•Bank of Israel
The Bank of Israel announced that the Citizens of Israel Fund (CIF) was named "Fund of the Month" by Global SWF, recognizing its strategic shift toward private market investments while maintaining macroeconomic stability. CIF, which began operations in June 2022 with NIS 1 billion in resource revenues, follows a 70% equities and 30% debt benchmark and completed its first private investment in July 2025.
Other
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2025-08-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Saudi Industrial Development Company's capital increase through a SAR 165 million rights issue. Eligibility is limited to shareholders recorded at the Securities Depository Center two days post the extraordinary general assembly meeting, with details on the offering price and shares to be determined subsequently. The rights issue prospectus will be released to the public later.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission's Secretary-General visited hospitals in Ubon Ratchathani to support those injured in Thai-Cambodian border unrest and instructed local offices to expedite insurance benefits for affected individuals. The visit included reviewing medical treatment updates and emergency preparedness. Regional offices were directed to ensure victims receive full and timely insurance protection and benefits.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-10•Jordan•Central Bank of Jordan
The Central Bank of Jordan is offering 24 scholarships for outstanding high school students to pursue bachelor's degrees in economics, cybersecurity, accounting, or finance at Jordanian public universities, with applications open from 10 to 21 August 2025. Eligibility requires Jordanian nationality, a minimum 95% average in the scientific stream, and other specific conditions outlined on the Central Bank's website.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2025-08-10•Oman•Oman Financial Services Authority
The Oman Financial Services Authority issued a regulation for the Alternative Investment Market (AIM) under Royal Decree No. 18/2025, detailing listing rules for SMEs, start-ups, and specialised funds. The framework includes listing procedures, capital requirements, investor restrictions, and disclosure obligations. It aims to expand financing options, strengthen corporate governance, and improve liquidity and transparency in Oman’s capital markets.
Policy & regulationRules & requirementsSecurities offerings and listingsCorporate governance
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2025-08-10•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain announced the launch of its graduate development programme, GP15, aimed at training 15 Bahraini graduates through a six-month pathway aligned with global best practices. The programme includes project-based work, mentoring, directorate rotations, and participation in financial events to enhance understanding of regulatory strategies and banking policies.
Institutional developmentWorkforce & recruitmentOther
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2025-08-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority’s Establishment and Licensing Committee approved the incorporation of several entities and granted new authorizations in non-banking financial activities. Approvals include Sadara Holding, Taqa for Financial Investments, BFI Cash for Factoring, and Tex Fund for private equity activities. Commercial International Brokerage and Arab Financial Securities Brokerage received permissions related to government securities and same-session trading.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority renewed Dr Mohamed Farid's mandate as chair for one year, effective 7 August 2025. Farid emphasized modernizing the non-banking financial services sector, focusing on technology, sustainability, and new products to attract investment. Key priorities include updating digital and legislative infrastructure, activating the voluntary carbon market, and enhancing the societal impact of regulatory decisions.
Institutional developmentLeadership change & appointmentsOther
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2025-08-10•Egypt•Central Bank of Egypt
The Central Bank of Egypt's July 2025 inflation update shows a decrease in annual urban headline CPI inflation to 13.9% from 14.9% in June, while annual core CPI inflation rose slightly to 11.6% from 11.4%. Monthly urban headline CPI inflation was negative 0.5%, and monthly core CPI inflation was negative 0.3%.
Data & statisticsEconomic data and developments
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2025-08-09•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) is promoting insurance uptake among farmers, livestock keepers, and fishers to safeguard against disasters, supported by public education and government investment. TIRA highlighted that 15 companies offer agricultural insurance, with a pooled fund facilitating affordable coverage and efficient payouts, as demonstrated by TZS 2 billion in claims paid to tobacco farmers in Tabora. The Insurance Disputes Mediator encourages consumers to use alternative dispute resolution for complaints.
Financial literacy & educationOther
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2025-08-09•Georgia•National Bank of Georgia
The National Bank of Georgia reported S&P Global Ratings affirmed Georgia’s sovereign credit rating at ‘BB’ with a “Stable” outlook, citing structural reforms and prudent policies. S&P noted increased international reserves due to strategic net purchases and strong tourism revenues, and assessed the banking sector as resilient with high capitalization and liquidity. The agency forecasted 3.7% inflation in 2025 and raised GDP growth projection to 7.1%.
ResearchCredit ratings
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2025-08-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) clarified that the Thailand–Cambodia border clashes do not constitute "war" for insurance policy exclusions, advising insurers to specify applicable perils when denying coverage. The OIC confirmed that ex gratia payments are permissible under good-faith underwriting discretion without breaching statutory prohibitions. It offered to mediate between insurers and policyholders where coverage interpretation is uncertain.
Policy & regulationGuidance & interpretationOther
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2025-08-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission announced provincial-level results for "Insurefluencer the new GEN 2025," a youth competition promoting risk management and financial literacy among students. From 207 schools, 69 teams advanced to the regional stage, judged on insurance training, content integration, and community outreach. Provincial winners receive a THB 5,000 grant and electronic certificate.
Financial literacy & educationOther
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2025-08-09•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has authorized the corporate name change of Rural Bank of San Jose (Camarines Sur), Inc. to BANCO SAN JOSE (CAMSUR), INC. - A RURAL BANK. The Bangko Sentral ng Pilipinas granted this authorization on 10 April 2025, with the Securities and Exchange Commission approving the amended corporate documents on 11 July 2025.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-09•Oman•Oman Financial Services Authority
The Oman Financial Services Authority has appealed a court ruling that acquitted three board members of Sweets of Oman SAOG in a case involving serious violations. The FSA contends the acquittal conflicts with Article 18 of the Commercial Companies Law, which mandates joint liability for board members in cases of company losses due to mismanagement.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-08-09•Oman•Oman Financial Services Authority
The Oman Financial Services Authority organized an awareness platform at the Khareef Dhofar 2025 festival to enhance financial and insurance literacy among children and youth. The initiative featured storytelling, competitions, and workshops to simplify financial concepts and promote saving habits, while also highlighting the roles of the Muscat Stock Exchange and the Muscat Clearing and Depository Company.
Financial literacy & educationFinancial literacy and education
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2025-08-09•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against Fuse Lending, Inc. for using the former name of Fuse Financing, Inc. without a required SEC license. The SEC found Fuse Lending unregistered and lacking a secondary license, violating Republic Act No. 9474 and Republic Act No. 11765. The order mandates an immediate halt to all lending activities by Fuse Lending and its affiliates.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-09•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC suspended Sumulong Financing Inc.'s certificate for 60 days, affecting GoPeso, Fast Peso, and Fundly. The SEC found the firm violated Memorandum Circulars by operating Fundly without approval for an amended business plan and omitting required contact information, resulting in a PHP 10,000 penalty.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-09•United States•Federal Reserve Board
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman advocated for gradually lowering the federal funds rate and outlined priorities for community bank regulatory reform, including potential changes to the community bank leverage ratio. She dissented from the Federal Open Market Committee's decision to maintain the policy rate, citing inflation trends and labor market fragility. Bowman also highlighted reviews of supervisory practices and a coordinated strategy to address payments and check fraud.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-08-09•Argentina•Central Bank of Argentina
The Central Bank of Argentina published an article by President Javier Gerardo Milei challenging exchange rate "pass-through" narratives post-foreign exchange market liberalization, emphasizing inflation as a monetary phenomenon driven by money supply and demand. Milei argues that the co-movement between exchange rates and prices is a statistical illusion, with inflation expected to resolve by mid-2026 following a phased monetary policy adjustment. He warns that "money overhang" from price and capital controls may extend the adjustment period.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-08-09•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama convened the fifth supervisory college for the BiCapital Corporation Group, focusing on cross-border oversight and risk management. The meeting aimed to enhance supervisory coordination, technical exchanges, and understanding of the conglomerate’s corporate governance and control mechanisms. Delegations from Guatemala, Honduras, El Salvador, and Panama participated.
SupervisionCooperationCross-border cooperation
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2025-08-08•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved José Alberto Marques Ferreira as an external auditor in his individual capacity.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-08•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama updated on the Sustainable Finance for Development initiative, integrating ESG criteria into financial regulation in Central America, the Dominican Republic, and Colombia. Led by the Central American Council of Superintendents of Banks and supported by the International Finance Corporation, it developed methodologies for climate and social risks, including a regional green finance taxonomy. Pilot exercises identified risk exposures in bank portfolios, producing national roadmaps for risk supervision aligned with international standards.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-08•Europe•European Banking Authority
The European Banking Authority (EBA) released final draft Implementing Technical Standards amending the EU regulation on supervisory benchmarking for 2026, focusing on narrowing market risk data collection to the alternative standardised approach (ASA) for banks with internal model approval. Due to delays in adopting the Fundamental Review of the Trading Book (FRTB), templates based on the alternative internal model approach (AIMA) remain unimplemented. For credit risk, the EBA aligned benchmarking definitions with amended supervisory reporting standards following Basel III implementation.
Policy & regulationRules & requirementsSupervisory data
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2025-08-08•Global•Bank for International Settlements
The Bank for International Settlements released a working paper estimating trading frictions and welfare losses in UK government and corporate bond markets using a two-asset search-and-bargaining model. The study finds larger trading delays and welfare losses in corporate bonds, with normal condition losses at 2.38% for government bonds and 5.05% for corporate bonds, primarily due to search-related delays. During crises, welfare losses could more than double, significantly impacting corporate bonds.
ResearchMarket development
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2025-08-08•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine’s National Commission on Securities and Stock Market (NSSMC) updated its financial sector development strategy and 2025 rulemaking plan, amending rules on financial statements and share issue regulations. It approved a draft law on property appraisal and aligned sanctions with the US Office of Foreign Assets Control. Additionally, the NSSMC made key appointments, registered share issues for several companies, and terminated a licence for FC EXKOMBUD-INVEST LLC.
Policy & regulationRules & requirementsMarket development
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2025-08-08•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported a decrease in the Non-Performing Loans (NPLs) ratio to 5.9% as of 30 April 2025, down from 6.1% at the end of March 2025, driven by repayments and positive loan movements. The coverage ratio for Non-Performing Exposures (NPEs) rose slightly to 60.7%, with total restructured loans at EUR 1.3 billion, of which EUR 0.7 billion are still classified as NPEs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-08•Nigeria•Nigeria Securities & Exchange Commission
The Nigeria Securities and Exchange Commission released a court order and litigation documents concerning its enforcement action against Crypto Bridge Exchange (CBEX).
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-08•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group (EFRAG) has initiated a cost-benefit analysis, including an online survey, to evaluate proposed simplifications to the European Sustainability Reporting Standards (ESRS). This analysis, requested by the European Commission, aims to streamline ESRS while maintaining the EU Green Deal's core objectives. Stakeholder engagement is sought from entities under the Corporate Sustainability Reporting Directive and other market participants.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting