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  • 2025-08-08IndonesiaOJK

    Indonesia Financial Services Authority promotes digital financial literacy for MSMEs through GENCARKAN outreach in Tegal

    Indonesia’s Financial Services Authority (OJK) held a Digital Financial Literacy event in Tegal to boost financial literacy and inclusion for MSMEs under the GENCARKAN programme. The initiative aids consumer protection by helping the public identify legitimate financial services and avoid scams. The event is part of a broader strategy prioritising MSMEs, which significantly contribute to Indonesia's GDP and employment.

    Financial literacy & educationFinancial literacy and education
  • 2025-08-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission releases August 2025 financial advice update with new Financial Advisers Register dataset and registration compliance warnings

    The Australian Securities & Investments Commission (ASIC) released its August 2025 Financial advice update, introducing a dataset to help financial services licensees verify Financial Advisers Register information. The update includes reminders on registration and compliance, a summary of enforcement actions, and findings from a market scan of professional indemnity insurance. Recurring issues like incorrect adviser records and unregistered advice led to penalties. The dataset will detail reliance on the experienced provider pathway and exam completion dates, with a qualification deadline of 1 January 2026.

    Policy & regulationGuidance & interpretationFinancial and market indicatorsSupervisory data
  • 2025-08-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission publishes first Reporting and audit update and launches sustainability reporting relief decisions register

    The Australian Securities & Investments Commission (ASIC) released its first quarterly Reporting and Audit Update, focusing on sustainability and financial reporting. It reviewed voluntary climate-related disclosures, noting issues like repetitive disclosures and inadequate scenario analysis. ASIC launched a register for sustainability reporting and audit relief decisions and reported AUD 34.7 million in civil penalties from greenwashing cases. It is collaborating with the Australian Accounting Standards Board on e-learning materials for sustainability reporters, with releases planned for 2025. Upcoming publications will address auditor independence and financial reporting surveillance.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-08-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission referral results in eight-year prison sentence for Gold Coast developer over superannuation investment fraud

    The Australian Securities & Investments Commission announced that former Gold Coast property developer Michael David Steele was sentenced to eight years in prison for misusing over AUD 1.3 million of investor funds. Steele persuaded 14 investors to withdraw funds from their superannuation and savings for personal expenses. The conviction disqualifies him from managing corporations until five years post-imprisonment. The Commonwealth Director of Public Prosecutions prosecuted the case, with ASIC's support and funding from the Assetless Administration Fund.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-08-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission secures AUD 10 million penalty against iSignthis and six-year director ban for former CEO

    The Australian Securities & Investments Commission secured Federal Court penalties against Southern Cross Payments Ltd and former CEO Nickolas John Karantzis for disclosure violations. The company was fined AUD 10 million, and Karantzis was disqualified for six years and fined AUD 1 million. The Court found misleading conduct in revenue disclosures and failure to disclose Visa's relationship termination.

    EnforcementInvestigations & enforcement actionsCorporate governanceDisclosures
  • 2025-08-08United KingdomFinancial Conduct Authority

    Financial Conduct Authority and Bank of England open third consultation on draft guidance for revised UK EMIR Article 9 reporting

    The Financial Conduct Authority and the Bank of England have initiated a third consultation on additional draft guidance for counterparties reporting under the revised UK European Market Infrastructure Regulation (EMIR) Article 9 requirements. Finalised Q&As are expected to be published on 31 October 2025.

    Policy & regulationGuidance & interpretationRegulatory reporting
  • 2025-08-08Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority publishes finalised Pillar 3 public disclosure rules for insurers under the risk-based capital regime

    The Hong Kong Insurance Authority released its consultation conclusions on the draft Insurance (Public Disclosure) Rules, detailing Pillar 3 requirements under the risk-based capital regime for insurer disclosures. Feedback was supportive, leading to amendments in scope and disclosure items. The rules will be presented to the Legislative Council for negative vetting, targeting implementation in 2026.

    Policy & regulationRules & requirementsDisclosures
  • 2025-08-08LaosBank of the Lao

    Bank of the Lao receives US Ambassador to discuss continued cooperation including anti-money laundering support

    The Bank of the Lao reported a courtesy call from U.S. Ambassador Heather Variava to Governor Bounkham Vorachit, discussing future cooperation and technical assistance. The U.S. Embassy expressed continued support for the Bank, particularly in anti-money laundering efforts, while the Governor acknowledged past U.S. contributions in training and capacity building.

    Institutional developmentCooperation & capacity buildingOther
  • 2025-08-08LaosBank of the Lao

    Bank of the Lao Governor meets Thai Ambassador to discuss bilateral financial and banking cooperation

    The Bank of the Lao's Governor, Bounkham Vorachit, met with the Thai Ambassador, Morakot Srisawat, to discuss Laos–Thailand financial cooperation and the 75th anniversary of diplomatic relations. The meeting highlighted collaboration between the Bank of the Lao and the Bank of Thailand, anti-money laundering efforts, and educational opportunities in Thailand.

    Policy & regulationCooperationOther
  • 2025-08-08BoliviaFinancial System Supervisory Authority of Bolivia

    Financial System Supervisory Authority of Bolivia reports credit portfolio up 4.1% year on year to BOB 226.737bn with delinquency stable at 3.2%

    The Financial System Supervisory Authority of Bolivia reported that as of 31 July 2025, the national financial system's credit portfolio reached BOB 226.737 billion, a 4.1% increase year on year, with a stable delinquency ratio of 3.2%. Deposits rose to BOB 223.936 billion, and the capital adequacy ratio stood at 14.6%, exceeding the legal minimum. Microcredit drove growth, while Santa Cruz led in credit distribution, accounting for 41% of the total.

    Data & statisticsLendingAsset qualityLiquidity risk
  • 2025-08-08Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about forged e-HKD Pilot Programme notice and fake Stablecoins Ordinance leaflet

    The Hong Kong Monetary Authority (HKMA) warned about fraudulent documents falsely claiming to be from the HKMA, including those related to the e-HKD Pilot Programme and the Stablecoins Ordinance. The alert highlights a forged notice instructing a firm to distribute e-HKD and issue "e-HKD bank cards," as well as an unauthorized leaflet about the Stablecoins Ordinance. The HKMA advises the public to refer to its website for official information on participating firms and the stablecoin issuer regime.

    SupervisionAlertsFraud and scams
  • 2025-08-08Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert on phishing messages and fake internet banking sites linked to two banks

    The Hong Kong Monetary Authority issued a scam alert about fraudulent activities involving Bank of China Hong Kong Limited and China Construction Bank Asia Corporation Limited, including phishing messages and fake banking websites. The HKMA reminded the public that banks will not send SMS or emails with links for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-08-08KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes consumer guidance on securing mobile banking

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan issued guidance on mobile banking cyber safety, highlighting fraudsters' exploitation of user behavior despite banks' protective measures. Key advice includes using secure networks, complex passwords, two-factor authentication, and monitoring account activity. Users are urged to download apps from official sources and secure device access.

    Financial literacy & educationCyber resilience
  • 2025-08-08United StatesFederal Reserve Bank of Boston

    Federal Reserve Bank of Boston convenes panel on economic uncertainty and AI implications for productivity and labour markets

    The Federal Reserve Bank of Boston hosted a panel with Federal Reserve Board Governor Lisa D. Cook, Boston Fed President Susan M. Collins, and Central Bank of Chile Board Member Luis Felipe Céspedes on economic uncertainty and AI's impact on productivity, employment, and inflation. Collins highlighted mixed responses of New England businesses to uncertainty, while Céspedes stressed sound monetary policy in emerging markets. Cook called for cautious policymaking, noting concerns from the July 2025 US jobs report and AI's potential to reshape job tasks and price stability.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsArtificial intelligence
  • 2025-08-08TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan holds training for insurers on calculating and managing insurance reserve fund allocations

    The National Bank of the Republic of Tajikistan conducted a training session for insurance organisations on calculating and managing insurance reserve funds, referencing international practices. The programme covered the regulatory framework and highlighted the importance of reserves for financial stability. The session was supported by the U.S. Department of the Treasury, with international experts contributing.

    Policy & regulationGuidance & interpretationSupervision process and methodologies
  • 2025-08-08South AfricaSouth African Reserve Bank

    South African Reserve Bank sets three strategic priorities and reports R118 billion profit driven by GFECRA settlement

    At the South African Reserve Bank's 105th annual Ordinary General Meeting, Governor Lesetja Kganyago outlined a strategy focusing on price and financial stability amid global uncertainty. The Bank forecasts slight growth reduction and temporary inflation rise, with potential for lower interest rates if inflation stabilizes at 3%. The address covered enforcement actions, AI-related risks, payment system modernization, cross-border payment improvements, and financial reporting, noting a profit after tax of R118 billion and foreign exchange reserves of USD 68 billion.

    Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
  • 2025-08-08VietnamVietnam State Securities Commission

    Vietnam State Securities Commission requires listed applicants to pay VND 1 million securities practising certificate fee and collect certificates within one year

    The Vietnam State Securities Commission announced a payment notice for the fee required to issue a securities practising certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. The fee is VND 1,000,000 per person, payable via bank transfer or in person at the Commission. Failure to complete the procedure within one year of notification will result in cancellation of the certificate.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-08-08MalawiReserve Bank of Malawi

    Reserve Bank of Malawi warns that informal and online foreign currency trading is illegal and must be conducted through authorized dealers

    The Reserve Bank of Malawi warned against illegal foreign currency transactions, stating they must occur through authorized dealers under the Foreign Exchange Act, No. 18 of 2025. It highlighted that unauthorized dealings, including online and targeting the diaspora, are illegal and subject to sanctions. The notice urged the public to report suspicious activities to authorities.

    Policy & regulationGuidance & interpretationForeign exchange policy and markets
  • 2025-08-08MalaysiaMalaysia Securities Commission

    Malaysia Securities Commission case results in concurrent prison terms totalling 20 years and MYR 9 million fine for unlicensed derivatives fraud

    The Malaysia Securities Commission announced that the Kuala Lumpur Sessions Court sentenced Mohd Azhidi bin Laili to 20 years in prison and a MYR 9 million fine for unlicensed activities and derivatives fraud. Azhidi deceived nine victims of MYR 1.45 million through a non-existent futures crude palm oil investment scheme. The SC emphasized the importance of verifying investment offers using its Investment Checker.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activityFraud and scams
  • 2025-08-08AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan reviews first-half 2025 progress on financial market development and credit accessibility plan

    The Central Bank of the Republic of Azerbaijan, with the Secretariat of the Commission on Business Environment and International Rankings, held an online meeting to assess progress on its 2025 Action Plan for financial market development and credit accessibility. The meeting covered updates on initiatives for small and medium-sized enterprises, banking, insurance, capital markets, and financial literacy. Participants also reviewed the implementation status of decisions from the May 2025 meeting.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2025-08-08United KingdomBank of England

    Bank of England finalises UK EMIR trade repository reporting changes and delays implementation to 26 January 2026

    The Bank of England has issued a policy statement confirming final amendments to UK EMIR trade repository reporting requirements for central counterparties, effective 26 January 2026. Key changes include the addition of an "Execution agent" reporting field, correction of a cross-referencing error, and minor validation rule adjustments. The final validation rules and XML reporting schemas have been published to aid implementation.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-08-08PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission orders listed companies to end Class A and Class B common share classifications

    The Philippine Securities and Exchange Commission has mandated the discontinuation of Class A and Class B share classifications for listed companies, repealing a 1973 framework tied to foreign ownership limits. This move aims to enhance equity trade efficiency and settlement, leveraging technological advances in the Philippine Stock Exchange. Companies must amend their articles of incorporation within a year, and violations will incur penalties under the Securities Regulation Code.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-08-08EuropeEuropean Association of CCP Clearing Houses

    European Association of CCP Clearing Houses publishes interview with Federal Reserve Bank of Chicago’s Cindy Hull on technology and the future of clearing

    The European Association of CCP Clearing Houses published an interview with Cindy Hull of the Federal Reserve Bank of Chicago on innovation's impact on central clearing and financial stability. Hull highlights investments in cloud, AI, and distributed ledger technology to reduce costs and manage risks, noting uncertainty about DLT's widespread adoption and its implications for credit, liquidity, and operational risks. The interview also covers career development, emphasizing advocacy, excellence in daily roles, and pursuing transformational projects.

    OtherLeadership change and appointments
  • 2025-08-08MoroccoMoroccan Capital Markets Authority

    Moroccan Capital Markets Authority reports Heidelberg Materials AMWA Holding GmbH i.G crosses multiple thresholds to reach 41% of Ciments du Maroc

    The Moroccan Capital Markets Authority announced that Heidelberg Materials AMWA Holding GmbH i.G received 5,918,737 Ciments du Maroc shares from Heidelberg Materials Italia Cementi Spa, crossing the 5%, 10%, 20%, and 33.33% thresholds to hold 41% of the company's capital. The holder stated no intention to acquire additional shares within the next six months.

    SupervisionRegulatory reportingSecurities offerings and listings
  • 2025-08-08MoroccoMoroccan Capital Markets Authority

    Moroccan Capital Market Authority issues threshold crossing notice after Heidelberg Materials Italia Cementi transfers Ciments du Maroc shares to a subsidiary

    The Moroccan Capital Market Authority issued a threshold-crossing notice for Ciments du Maroc after Heidelberg Materials Italia Cementi SpA's internal reorganisation. Heidelberg Materials Italia Cementi now holds 51% of Ciments du Maroc's share capital indirectly through its subsidiaries, Heidelberg Materials AMWA Holding GmbH i.G and Procimar.

    SupervisionRisk monitoring & watch pointsSecurities offerings and listings
  • 2025-08-08MoroccoMoroccan Capital Markets Authority

    Moroccan Capital Markets Authority discloses Heidelberg Materials Italia Cementi sale reducing Ciments du Maroc stake to 10%

    The Moroccan Capital Markets Authority issued a disclosure notice for Ciments du Maroc, indicating that Heidelberg Materials Italia Cementi Spa has reduced its stake, crossing the 50%, 33.33%, and 20% ownership thresholds, now holding an indirect 10% via Procimar. The transaction and declaration were dated 17 July 2025.

    SupervisionRegulatory reportingSecurities offerings and listings
  • 2025-08-08PakistanState Bank of Pakistan

    State Bank of Pakistan supports NIBAF and Risk Associates PCI DSS v4.0 training to strengthen financial sector cybersecurity capacity

    The State Bank of Pakistan held a two-day training on PCI DSS v4.0, focusing on payment security and cardholder data protection. In collaboration with the National Institute of Banking and Finance, Pakistan, and Risk Associates, the event aimed to enhance cybersecurity skills among banking professionals. Plans are underway to expand this collaboration into advanced training on cybersecurity governance and emerging threats.

    Policy & regulationImplementation, projects & pilotsCyber resilience
  • 2025-08-08United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation plans rulemaking to restrict reputational-risk based supervision and politicized debanking

    The FDIC supports President Trump's Executive Order on "Guaranteeing Fair Banking For All Americans" and will prevent politicized or unlawful debanking. A new rule will prohibit examiners from criticizing institutions based on reputational risk or directing account closures due to customers' views. The FDIC will review practices of supervised institutions and collaborate with interagency partners to ensure access to banking for law-abiding customers.

    Policy & regulationRules & requirementsOther
  • 2025-08-08CanadaCanadian Public Accountability Board

    Canadian Public Accountability Board prohibits Abu-Farah Professional Corporation from accepting new reporting issuer audit engagements and orders audit quality remediation

    The Canadian Public Accountability Board (CPAB) imposed enforcement actions on Abu-Farah Professional Corporation, including restrictions, requirements, and a public censure, following 26 violations in audit files. Key breaches involved audit documentation and execution under Canadian Auditing Standards, leading to a ban on new audit engagements and mandatory corrective measures. The firm must engage in ongoing oversight, including bi-monthly meetings with CPAB and notification to audit committees, and has paid approximately USD 50,000 in investigation costs.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-08-08NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway identifies elevated corporate credit risk and IFRS 9 provisioning weaknesses at Sparebank 1 Helgeland

    The Financial Supervisory Authority of Norway's report on Sparebank 1 Helgeland highlights high risk in the bank's corporate lending portfolio, emphasizing the need for enhanced risk monitoring and compliance with governance frameworks. It identifies concentration risk, increased high-risk corporate loans, and shortcomings in credit assessments and IFRS 9 practices. Finanstilsynet expects action plans to reduce credit risk and improve governance, with follow-up including board meeting minutes and auditor review of the preliminary report.

    SupervisionReviews, inspections & stress testsCredit riskAccounting and financial reporting
  • 2025-08-08VietnamState Bank of Vietnam

    State Bank of Vietnam tasks Vietnam Banking Trade Union with streamlining and digital transformation as provincial branches consolidate into 15 regions

    The Vietnam Banking Trade Union held its fifth Executive Committee conference to review 2025 results and set priorities amid reorganisation from 63 provincial to 15 regional branches. Discussions included changes to union membership eligibility, professional ethics initiatives, and financial settlements. The union reported on welfare metrics, including VND 933bn in social welfare spending and VND 82bn raised for housing improvements, while prioritising organisational streamlining and digital transformation.

    Institutional developmentGovernanceOther
  • 2025-08-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission proposes CNY 160m penalties for *ST Gaohong over sham trading that inflated disclosures and may trigger mandatory delisting

    The China Securities Regulatory Commission (CSRC) has issued an advance notice of administrative penalties to Datang Gaohong Network Co., Ltd. for suspected information disclosure violations, including materially overstating revenue and profits. The CSRC plans to fine responsible parties CNY 160 million and third parties CNY 7 million, with potential mandatory delisting by the Shenzhen Stock Exchange. Suspected criminal leads will be transferred to public security authorities for further investigation.

    EnforcementInvestigations & enforcement actionsDisclosures
  • 2025-08-08ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission chair promotes Argentina’s VASP and tokenization regime at Blockchain Rio 2025 and meets Brazil Securities Commission

    Argentina Securities Commission (CNV) president Roberto E. Silva highlighted Argentina's regulatory framework for virtual asset service providers at Blockchain Rio 2025, emphasizing its alignment with international standards. Silva discussed anti-money laundering and counter-terrorist financing supervision with counterparts from El Salvador and Brazil. He also engaged in talks at the Brazil Securities Commission's headquarters on international cooperation and shared priorities.

    Policy & regulationGuidance & interpretationFintech and insurtechTokenization
  • 2025-08-08ArgentinaArgentina Superintendency of Insurance

    Argentina Superintendency of Insurance outlines supervision policy pillars and enforcement actions at Expoestrategas

    Argentina’s Superintendency of Insurance, led by Superintendent Guillermo Plate, outlined its supervision policy at Expoestrategas, emphasizing macroeconomic order, comprehensive system oversight, and private-sector participation. The strategy aims to eliminate distortive practices, enhance solvency, and restore trust through comprehensive supervision and enforcement actions. Key measures include sanctions, licence revocations, and a focus on fair competition and fraud prevention.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2025-08-08ArgentinaCentral Bank of Argentina

    Central Bank of Argentina opens applications for the 17th Raúl Prebisch Annual Economic Research Prize

    The Central Bank of Argentina invites entries for the 17th Annual Economic Research Prize “Dr. Raúl Prebisch,” targeting university students, early-career professionals, and authors of economics doctoral theses. Submissions must address monetary, banking, payments, foreign exchange, financial, or macroeconomic issues, focusing on the Argentine or international economy. Awarded papers will be published on the prize section and may be considered for publication in the central bank’s journal, Ensayos Económicos.

    ResearchOther
  • 2025-08-08MoldovaNational Bank of Moldova

    National Bank of Moldova signs cooperation agreement with Romania’s Financial Supervisory Authority to strengthen regulation and supervision of insurers

    The National Bank of Moldova and Romania’s Financial Supervisory Authority have signed a bilateral cooperation agreement to enhance Moldova's capacity to license, regulate, and supervise insurance companies. This agreement establishes a framework for information exchange and technical assistance to support the transposition of EU rules into national legislation, focusing on the insurance market. It builds on previous collaboration under the EU-supported Twinning project aimed at aligning Moldovan legislation with Solvency II and motor third-party liability insurance requirements.

    Policy & regulationCooperationDomestic cooperation
  • 2025-08-07AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission sets out fintech regulatory priorities at UCAN conference

    The Angola Capital Markets Commission, represented by Executive Administrator Vasco Januário, participated in a conference at the Catholic University of Angola, discussing fintech's role in finance and technology. Key topics included the legal framework for crowdfunding, digital access to investment funds, and promoting digital financial literacy. The event gathered academics, entrepreneurs, and regulators to explore digital finance and inclusion in Angola.

    Policy & regulationGuidance & interpretationFintech and insurtechFinancial inclusion
  • 2025-08-07Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Central Bank licenses Al-an Alkhaligia to provide fintech-enabled consumer microfinance

    The Saudi Central Bank (SAMA) has licensed Al-an Alkhaligia for consumer microfinance activities via financial technology, increasing the total number of SAMA-licensed finance companies to 67. SAMA emphasized the importance of dealing only with authorized financial institutions and referred the public to its website for a list of licensed entities.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-08-07UruguayCentral Bank of Uruguay

    Central Bank of Uruguay denies signing any agreement in the liquidation of Custodia de Valores Mobiliarios

    The Central Bank of Uruguay clarified it has not signed any agreement with Sara Goldring, shareholder of Custodia de Valores Mobiliarios Corredor de Bolsa S.A., currently in liquidation. Acting as administrative liquidator under Law No. 18.627, the bank emphasized that any Private Reorganisation Agreement requires creditor and debtor consent and judicial approval. The bank will exercise its legal powers to ensure optimal recovery of claims if statutory conditions are met.

    Policy & regulationGuidance & interpretationOther
  • 2025-08-07IsraelBank of Israel

    Bank of Israel reports July 2025 foreign exchange reserves fell to USD 226.8bn

    The Bank of Israel reported a decrease in foreign exchange reserves to USD 226,768 million at the end of July 2025, down USD 1,481 million from June, primarily due to a revaluation and government foreign exchange activity. Reserves were 41.4% of GDP, with USD 222,157 million excluding the International Monetary Fund and USD 4,611 million held at the IMF.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07UkraineNational Bank of Ukraine

    National Bank of Ukraine reports international reserves fell 4.5% to USD 43.0 billion in July

    The National Bank of Ukraine reported international reserves decreased by 4.5% in July to USD 43,030.8 million as of 1 August 2025, primarily due to foreign exchange interventions and public debt servicing. The NBU was a net seller of USD 3,457.0 million in the FX market, with significant inflows from the European Union, IMF, and domestic government debt securities. Reserves cover 4.7 months of future imports, with data published monthly.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07MexicoMexico Comision Nacional Bancaria y de Valores (CNBV)

    Mexico's National Banking and Securities Commission reports Q2 2025 liquidity ratios with LCR median at 331% and NSFR median at 145%

    Mexico's National Banking and Securities Commission (CNBV) released Q2 2025 statistics on banks' liquidity metrics, showing all institutions exceeded the 100% regulatory minimum for Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The median LCR was 331% individually and 322% consolidated, while the median NSFR was 145% individually and 140% consolidated.

    Data & statistics
  • 2025-08-07EuropeEuropean Financial Reporting Advisory Group

    European Financial Reporting Advisory Group opens preparer field tests on amended ESRS Gross vs Net guidance and non-EU adequate wages methodology

    The European Financial Reporting Advisory Group (EFRAG) invites corporate preparers to field test the Amended European Sustainability Reporting Standards (ESRS) Exposure Drafts. The tests will evaluate clarity and consistency, focusing on "Gross vs Net" guidance in Double Materiality Assessment and revised methodology for calculating adequate wages for non-EU employees. Participants will complete a questionnaire and engage in interviews with the EFRAG Secretariat.

    Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
  • 2025-08-07South AfricaNational Credit Regulator

    South Africa's National Credit Regulator publishes circular on submitting the 2025 B-BBEE report

    South Africa's National Credit Regulator released Circular Number 8 (August 2025) titled “Submission of B-BBEE Report 2025”. The circular includes a disclaimer stating the regulator cannot guarantee factual accuracy, especially concerning future events, and disclaims liability for actions taken based on the circular.

    Policy & regulationGuidance & interpretationOther
  • 2025-08-07ChileMinistry of Finance (Chile)

    Chile's Ministry of Finance advances the Economic Intelligence Subsystem bill with amendments tightening fit-and-proper rules for managers and 10% shareholders

    Chile's Ministry of Finance submitted amendments to establish an Economic Intelligence Subsystem to prevent organized crime. Approved by the Chamber of Deputies’ Citizen Security Commission, the amendments introduce fit-and-proper requirements, disqualification for serious administrative breaches, and standardize evidence of sound financial conduct. The bill amends financial-sector laws to enhance money-trail detection for money laundering and related offenses through improved data analysis and reporting.

    Policy & regulationRules & requirementsFintech and insurtechAML and CFT
  • 2025-08-07AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority to formalise three-tier proportionality and streamline internal-ratings based accreditation for small and medium-sized banks

    The Australian Prudential Regulation Authority (APRA) will revise its banking prudential framework to enhance proportionality and reduce regulatory burden. APRA plans a three-tier proportionality approach, streamline accreditation for banks using the internal-ratings based approach, and improve communication on Pillar 2 capital requirements. Amendments to the bank licensing framework are included, with collaboration on cross-agency initiatives. Further productivity-related initiatives are anticipated.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-08-07AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority commits to three-tier proportionality, streamlined IRB accreditation and licensing changes for smaller banks

    The Australian Prudential Regulation Authority (APRA) will adjust its banking prudential framework to enhance proportionality and reduce regulatory burdens for small and medium-sized banks, following the Council of Financial Regulators Review. Key measures include a three-tier proportionality approach, streamlined accreditation for the internal-ratings based approach, improved communication on capital requirements, and a review of covered bonds as liquid assets.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-08-07AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority consults on non-confidentiality determinations and enhancements to general and life insurance statistical publications

    The Australian Prudential Regulation Authority has initiated a consultation on proposed non-confidentiality determinations for the general and life insurance sectors. This includes updates to its General Insurance (GI) and Life Insurance (LI) statistical publications, with draft content and data items proposed for non-confidential treatment accessible on APRA’s website.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-08-07AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority consults on non-confidentiality determinations for general and life insurers and updates to statistical publications

    The Australian Prudential Regulation Authority has initiated a consultation on proposed determinations to classify certain general and life insurance reporting items as non-confidential and to amend its statistical publications, with relevant documents available on its website.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-08-07KenyaCentral Bank of Kenya

    Central Bank of Kenya launches consultation on draft Non-Deposit Taking Credit Providers Regulations

    The Central Bank of Kenya has released draft regulations for Non-Deposit Taking Credit Providers to update the supervisory framework and align with recent amendments to the Central Bank of Kenya Act. These regulations aim to address challenges in the sector, including high loan costs and unethical practices, despite licensing 126 providers under the 2022 Digital Credit Providers Regulations. Public comments have been invited to refine these regulations.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-08-07RwandaRwanda Capital Markets Authority

    Rwanda Capital Markets Authority mandates CISI certification for client-facing capital markets employees with one-year transition from 1 September 2025

    The Rwanda Capital Markets Authority mandates employees of licensed capital markets entities in Rwanda obtain professional certifications from the Chartered Institute of Securities and Investment in the UK. Certification is now a prerequisite for licensing, with a one-year transition period starting 1 September 2025. Additionally, certified employees must complete annual continuing professional development, and new legal instruments will require further examinations.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-08-07TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority promotes agricultural insurance awareness at the Nane Nane exhibition in Dodoma

    The Tanzania Insurance Regulatory Authority (TIRA) participated in the Nane Nane exhibition in Dodoma, emphasizing agricultural insurance as a risk-management tool for farmers. The event featured educational materials and demonstrations, with significant engagement from farmers, students, and entrepreneurs. The Tanzania Agricultural Insurance Consortium (TAIC) also participated, focusing on climate-related risks and insurance options.

    Financial literacy & educationFinancial literacy and education
  • 2025-08-07TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority showcases agricultural insurance at Nane Nane exhibition as Mkalama district official urges expanded insurance education

    At the Nane Nane agricultural exhibition in Dodoma, the Mkalama District Administrative Secretary highlighted the importance of public insurance education to boost understanding and uptake. The Tanzania Insurance Regulatory Authority and other insurers were urged to enhance outreach efforts to help residents leverage insurance for economic and social benefits.

    Financial literacy & educationFinancial literacy and education
  • 2025-08-07GeorgiaNational Bank of Georgia

    National Bank of Georgia updates its 2023–2025 Supervisory Strategy for 2025 and confirms five supervisory priorities

    The National Bank of Georgia has released the 2025 edition of its 2023–2025 Supervisory Strategy, retaining its five supervisory priorities. The update focuses on an action plan with specific activities and deadlines, and includes a 2024 implementation progress report. The Bank will soon start developing a new strategy for 2026–2028 with input from stakeholders.

    Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
  • 2025-08-07PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan files criminal insider trading complaint alleging PKR 338.085 million illicit gains

    The Securities and Exchange Commission of Pakistan has filed a criminal complaint against a company secretary, four relatives, and a private company for alleged insider trading under the Securities Act, 2015. Complaint No. 14 of 2025 involves share accumulation based on non-public information about a sponsor buy-back and delisting, leading to illicit gains of PKR 338.085 million. Insider trading under the Act may result in up to three years’ imprisonment or a fine of up to PKR 200 million or three times the illicit gain.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-08-07PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan launches Digital Asset Management Companies framework and designates MUFAP as the first self-regulatory organization

    The Securities and Exchange Commission of Pakistan announced reforms for the mutual funds industry, introducing a Digital Asset Management Companies framework and registering the Mutual Funds Association of Pakistan as a self-regulatory organization. These measures aim to enhance investor protection, operational efficiency, and digitization, while aligning with global standards and promoting financial inclusion. Additionally, a white paper on industry transformation and a committee to boost exchange traded funds market growth were released.

    Policy & regulationRules & requirements
  • 2025-08-07AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission disqualifies Northern Territory director Mark Zappia for five years after five company failures

    The Australian Securities & Investments Commission (ASIC) has disqualified Mark Zappia from managing corporations for five years due to improper conduct and failure to meet director obligations across five collapsed businesses. These companies owed unsecured creditors AUD 7,049,582, including significant debts to the Australian Taxation Office. ASIC's findings highlighted failures in tax payments, record-keeping, and insolvency management. Mr. Zappia may seek a review of the decision by the Administrative Review Tribunal.

    EnforcementSanctions & designationsOther
  • 2025-08-07AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission charges four Victorians with money laundering offences tied to fake bond investment scam

    ASIC has charged Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos, and Harry Tsalikidis with money laundering related to a fraudulent investment scheme offering fake bonds to Australian investors from January to July 2021. The scheme allegedly used fictitious websites and counterfeit documents. Funds were funneled through Australian bank accounts to offshore accounts or crypto exchanges. Podaridis and Floropoulos face 28 charges each, Tsalikidis 12, and Delis 8.

    EnforcementInvestigations & enforcement actionsFraud and scamsAML and CFT
  • 2025-08-07United StatesFederal Reserve Bank of New York

    Federal Reserve Bank of New York releases July 2025 Survey of Consumer Expectations showing higher short and long term inflation expectations

    The Federal Reserve Bank of New York's July 2025 Survey of Consumer Expectations shows a rise in median inflation expectations at the one-year (3.1%) and five-year (2.9%) horizons, with stability at the three-year horizon (3.0%). The survey highlights mixed labor market expectations, with increased median earnings growth (2.6%) and a higher perceived probability of job loss (14.4%), alongside improved household financial assessments and a decline in expected tax growth (2.9%).

    Data & statisticsEconomic data and developments
  • 2025-08-07United StatesNational Association Of Insurance Commissioners

    National Association of Insurance Commissioners to hold 2025 Summer National Meeting in Minneapolis on 10–13 August to advance consumer protection and financial stability priorities

    The NAIC's 2025 Summer National Meeting will be held from 10–13 August in Minneapolis, focusing on consumer protection, market stability, and financial stability. Discussions will include climate resilience, health insurance reform, cybersecurity, and AI, with NAIC President Jon Godfread delivering a keynote on 11 August. A special session will address the implications of rising health care costs and policy changes on consumers and states.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-08-07EuropeEuropean Banking Authority

    European Banking Authority launches consultation on revised internal governance guidelines reflecting CRD VI and DORA

    The European Banking Authority has opened a consultation on revised Guidelines on internal governance under the Capital Requirements Directive, incorporating changes from CRD VI and the Digital Operational Resilience Act. Updates include role and duty documentation for management, guidance for third-country branches, and alignment with diversity and remuneration policies. The consultation reflects supervisory lessons and findings from the EBA's diversity benchmarking report.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-08-07GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance abolishes bank ATM withdrawal fees and caps third-party charges at EUR 1.50

    Greece’s Ministry of National Economy and Finance has established a new fee regime for retail cash withdrawals, eliminating charges at Greek banks’ ATMs and capping fees at EUR 1.50 for third-party ATMs. Interbank withdrawals via the DIAS system will be free, and third-party providers cannot charge fees where there is a shareholding link with the customer’s bank or in areas with only one ATM. Balance enquiries will be free, while digital money transfers via third-party channels will incur a EUR 0.50 fee.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-08-07LaosBank of the Lao

    Bank of the Lao receives UK ambassador to discuss future financial and banking cooperation

    The Bank of the Lao reported that Governor Bounkham Vorachit met with Melanie Barlow, the UK Ambassador to Lao PDR, to discuss future cooperation between the central bank and the UK. The meeting also acknowledged past UK support in banking sector supervision and legal work, with hopes for continued collaboration in finance and banking.

    Policy & regulationCooperationOther
  • 2025-08-07Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert on fraudulent bank websites and phishing targeting four banks

    The Hong Kong Monetary Authority (HKMA) alerted the public about scams involving fraudulent websites, fake internet banking login screens, and phishing emails linked to press releases by several banks. The HKMA stressed that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Affected individuals should contact their bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-08-07Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority reports foreign currency reserves at USD 425.4 billion at end-July 2025

    The Hong Kong Monetary Authority reported a decrease in Hong Kong's foreign currency reserve assets to USD 425.4 billion at the end of July 2025, down from USD 432.0 billion in June. Including unsettled foreign exchange contracts, reserves totalled USD 424.5 billion. The HKMA reiterated its monthly Exchange Fund data release cycle, with four related press releases issued each month under the IMF’s Special Data Dissemination Standard.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority coordinates second Hong Kong Green Week and co-hosts climate business, ESG and green fintech events in September

    The Hong Kong Monetary Authority announced the second Hong Kong Green Week, commencing on 8 September, themed “Forging a Sustainable Future Together.” The event will feature over 35 activities hosted by more than 50 local and international institutions, including global conferences, a business expo, and workshops. The HKMA will co-host key events such as the Climate Business Forum: Asia Pacific and the 2025 Green Fintech Symposium.

    Financial literacy & educationClimate risk and sustainable finance
  • 2025-08-07New ZealandSerious Fraud Office

    New Zealand's Serious Fraud Office secures guilty plea in alleged Ponzi scheme case involving almost $4 million

    New Zealand's Serious Fraud Office reported that Thomas Alexander Kokouri Tuira pleaded guilty to charges related to an alleged Ponzi scheme involving nearly 4 million NZD, while his wife, Aroha Awhinanui Tuira, pleaded not guilty with her trial set for 11 August 2025 in the Christchurch High Court.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-08-07KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan revokes Tolebi Credit Partnership’s microfinance licence for repeated noncompliance

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has revoked the licence of LLP “Tolebi Credit Partnership” for microfinance activities due to non-compliance with regulatory instructions. Customers must fulfill existing microcredit obligations, with potential liability for breaches. The firm has 30 days to re-register, reorganize, or liquidate following the revocation.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-08-07Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority announces FBI case study session for Countering Financial Crime Conference 2025

    The Isle of Man Financial Services Authority announced FBI participation in the 2025 Isle of Man Countering Financial Crime Conference, featuring a case study on a USD 2 billion fraud and money laundering scheme. The conference, opened by Chief Minister Alfred Cannan MHK, will address organised crime, virtual asset abuse, and anti-money laundering in the UK art market, with a focus on the Island’s upcoming MONEYVAL evaluation.

    Policy & regulationCooperationAML and CFTFraud and scams
  • 2025-08-07TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye raises mandatory medical malpractice insurance limits to TRY 1m–4m from 1 November 2025

    Türkiye's Insurance and Private Pension Regulation and Supervision Agency amended the framework for mandatory financial liability insurance for medical malpractice, raising maximum indemnity limits to TRY 1,000,000 for Risk Group I, TRY 2,000,000 for Risk Group II, TRY 3,000,000 for Risk Group III, and TRY 4,000,000 for Risk Group IV. The premium tariff has been revised accordingly. Insurance companies will offer policies with the new coverage limits starting 1 November 2025.

    Policy & regulationRules & requirementsOther
  • 2025-08-07UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan marks five years of Finlit.uz and reports 73 financial literacy projects

    The Central Bank of the Republic of Uzbekistan celebrated the fifth anniversary of its financial literacy platform, Finlit.uz, highlighting its outreach to diverse population groups. The bank is executing 73 projects to enhance financial knowledge, including educational initiatives in schools and universities, community events, and media projects. Collaboration with international organizations and local institutions supports these efforts, with participation encouraged through Finlit.uz.

    Financial literacy & educationFinancial literacy and education
  • 2025-08-07Middle EastArab Monetary Fund

    Arab Monetary Fund publishes Arab Economic Outlook projecting stronger growth and lower inflation across Arab economies in 2025–26

    The Arab Monetary Fund's 21st Arab Economic Outlook report forecasts GDP growth for Arab economies at 3.8% in 2025 and 4.3% in 2026, with inflation expected to decrease significantly. The report emphasizes fiscal and monetary policy priorities, including fiscal sustainability, revenue diversification, and efficient public spending.

    ResearchEconomic data and developments
  • 2025-08-07BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance joins IRB(Re) forum and stresses public–private cooperation on emerging risk transfer

    Carlos Queiroz, Director of Prudential and Reinsurance Supervision at the Brazilian Superintendence of Private Insurance (SUSEP), emphasized public-private cooperation in shaping a national resilience agenda for emerging risks at the 2nd IRB(P&D) Forum in Rio de Janeiro. The event, organized by IRB(P&D) with support from CNseg, also addressed climate risks, innovations, and AI in insurance and reinsurance pricing.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-08-07TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan meets Japan’s Embassy and JICA to discuss expanding cooperation

    The National Bank of the Republic of Tajikistan engaged with the Embassy of Japan and the Japan International Cooperation Agency to enhance cooperation and joint programmes. Talks highlighted Japan's support for projects in education, healthcare, infrastructure, agriculture, energy, and capacity building, with both parties eager to expand their partnership.

    Policy & regulationCooperationOther
  • 2025-08-07BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance outlines three-phase regularisation for mutual patrimonial protection and warns no administrators are yet authorised

    The Brazilian Superintendence of Private Insurance (SUSEP) issued guidance on regularising mutual patrimonial protection operations under Complementary Law No. 213/2025, outlining a three-phase process. Phase I, involving registration, has concluded with over 2,000 associations registered. Phase II focuses on drafting regulations for authorising administrators, while Phase III will commence post-regulation issuance, requiring associations to contract with authorised administrators.

    Policy & regulationGuidance & interpretationLicence approval
  • 2025-08-07IraqCentral Bank of Iraq

    Central Bank of Iraq outlines national e-payments projects and says work is under way to regulate crypto-asset activity

    Central Bank of Iraq Governor Ali Mohsen Al-Allaq outlined initiatives to enhance electronic payment systems and settlement infrastructure, including a 24/7 instant payments system and a unified payment gateway, at Baghdad’s Comprehensive Transformation Conference for Electronic Payment. The Bank is also working on regulating crypto assets to balance risks and opportunities, while promoting financial stability and combating financial crimes.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-08-07South AfricaSouth African Reserve Bank

    South African Reserve Bank reports gross reserves up to USD 69.2bn and international liquidity position at USD 65.1bn as at 31 July 2025

    The South African Reserve Bank reported an increase in gross reserves to USD 69.161 billion as of 31 July 2025, driven by a USD 1.5 billion foreign exchange loan from the World Bank and higher gold prices. Gold reserves rose by USD 93 million, and foreign exchange reserves increased by USD 743 million, while SDR holdings decreased by USD 90 million. The international liquidity position decreased to USD 65.143 billion, influenced by US dollar appreciation and foreign exchange payments, including a USD 525.5 million IMF loan repayment.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07South AfricaSouth African Reserve Bank

    South African Reserve Bank working paper links stricter capital requirements to higher problem loans except for banks with moderate market power

    The South African Reserve Bank's Working Paper examines capital requirements regulation's impact on problem loans in South Africa during Basel II and III. It finds tighter capital requirements generally correlate with higher problem loans, but this reverses for banks with moderate market power. Key findings highlight the capital regulation index and Basel II dummy's significance, while Basel III is not significant. Macroeconomic factors like GDP growth and interest rates also influence problem loans.

    ResearchCapital adequacy
  • 2025-08-07South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes July 2025 statement of assets and liabilities with total assets up ZAR 34.6bn to ZAR 1.31 trillion

    The South African Reserve Bank's monthly statement for July 2025 reports a ZAR 34.6bn increase in total assets to ZAR 1,306.7bn, driven by higher gold and foreign assets. Foreign exchange reserves rose by ZAR 28.3bn to ZAR 893.2bn, while gold increased by ZAR 5.7bn to ZAR 241.1bn. On the liabilities side, bank deposits fell by ZAR 22.7bn, but other deposits and government foreign loans saw increases.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority reports USD 22.11 billion fund commitments and highlights 2025 reforms for GIFT-IFSC fund managers

    The India International Financial Services Centres Authority (IFSCA) reported significant growth in the fund management ecosystem at GIFT-IFSC, attributing it to recent regulatory reforms and the IFSCA (Fund Management) Regulations, 2025. Key developments include frameworks for Angel Schemes, Accredited Investors, and mechanisms for Sovereign Wealth Fund participation, with notable increases in fund commitments and investments. IFSCA also proposed amendments to the Ministry of Finance regarding Variable Capital Companies and continues its industry engagement through the Chintan Shivir series.

    Policy & regulationRules & requirementsMarket development
  • 2025-08-07United StatesNew York State Department of Financial Services

    New York State Department of Financial Services secures USD 48.5 million settlement with Paxos over AML and Binance due diligence failures

    The New York State Department of Financial Services reached a USD 48.5 million settlement with Paxos Trust Company due to inadequate due diligence of Binance and systemic anti-money laundering program failures. Paxos must pay a USD 26.5 million penalty and invest USD 22 million to enhance its compliance program. DFS found Paxos failed to monitor illicit activities and escalate red flags, with deficiencies in Know Your Customer and transaction monitoring processes.

    EnforcementInvestigations & enforcement actionsAML and CFTCompliance
  • 2025-08-07PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines finalizes online gambling payment rules with biometric verification and daily transfer limits

    The Central Bank of the Philippines is finalizing new rules to enhance safeguards against consumer harm from online gambling, following public consultation. The measures will include stricter identity verification, daily limits on gambling-related transfers, and user tools for spending caps and self-exclusion. An implementation date has not been specified.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2025-08-07PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports July 2025 gross international reserves down to USD 105.7 billion

    The Central Bank of the Philippines reported a decline in the country's gross international reserves to USD 105.7 billion in July 2025, down from USD 106.0 billion in June, due to lower global gold prices and government drawdowns for debt servicing. The reserves cover 7.2 months of imports and are 3.4 times the short-term external debt. Net international reserves also fell by USD 0.3 billion to USD 105.7 billion.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of two unauthorised insurance intermediation websites

    The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation activities on two websites and instructed internet providers in Italy to block access. This action is part of IVASS's ongoing efforts to combat unauthorized insurance services, with 265 sites blocked since November 2023. IVASS advises consumers to verify the authorization of insurers and intermediaries before making payments.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-08-07ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision warns FWU Life Insurance Lux policyholders about fraudulent offers of new life policies

    The Italian Institute for Insurance Supervision (IVASS) issued an alert regarding false identity proposals targeting FWU Life Insurance Lux S.A. policyholders. This follows previous warnings about potential contacts related to the company's liquidation flagged by Luxembourg’s Commissariat aux Assurances. IVASS advises recipients to verify the legitimacy of any proposals and seek assistance if needed.

    SupervisionAlertsFraud and scams
  • 2025-08-07VietnamVietnam State Securities Commission

    Vietnam State Securities Commission holds Be Friends with Investing retail investor workshop in Ho Chi Minh City

    The Vietnam State Securities Commission's Scientific Research and Securities Training Center in Ho Chi Minh City conducted the "Be Friends with Investing" programme to enhance individual investors' securities knowledge and risk awareness. Dragon Capital Vietnam Investment Fund Management JSC contributed, covering topics like open-end funds, ETFs, and fraud prevention. SRTC awarded scholarships to two participants and plans further collaboration with financial institutions for future training initiatives.

    Financial literacy & educationFinancial literacy and education
  • 2025-08-07GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission flags UN Iraq sanctions list amendment for Bashar Sabawi Ibrahim Hasan Al-Tikriti

    The Guernsey Financial Services Commission issued a sanctions notice after a UN Security Council amendment to the UN Consolidated List concerning Bashar Sabawi Ibrahim Hasan Al-Tikriti. Firms must verify relationships with designated individuals, freeze relevant assets, and report findings to the States of Guernsey Policy & Resources Committee. Affected firms must also inform the Commission and provide a detailed report under Handbook Rule 12.37.

    EnforcementSanctions & designationsSanctions list update
  • 2025-08-07GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission issues notice on Guernsey implementation of the UK Global Irregular Migration sanctions regime

    The Guernsey Financial Services Commission issued a sanctions notice after the UK's establishment of a Global Irregular Migration and Trafficking in Persons sanctions regime, implemented locally in Guernsey. Businesses must identify links to designated persons, apply asset-freeze measures, and report findings to the States of Guernsey Policy & Resources Committee. Firms must also notify the Commission and report under Handbook Rule 12.37 when an affected relationship is identified.

    Policy & regulationGuidance & interpretationNew sanctions designations
  • 2025-08-07ZambiaBank of Zambia

    Bank of Zambia signs refined-gold supply contract with Kansanshi Mining and plans to widen domestic gold purchase programme

    The Bank of Zambia announced a third gold supply agreement with Kansanshi Mining PLC to bolster reserves, having purchased 2.8 metric tonnes of refined gold. The Bank is expanding its domestic gold purchase programme to include more suppliers and has circulated draft guidelines for feedback. Additionally, the Bank highlighted progress on the Export Proceeds Tracking Framework and upcoming currency regulations mandating the Kwacha and Ngwee as the sole legal tender for domestic transactions.

    Policy & regulationImplementation, projects & pilotsCross-border cooperation
  • 2025-08-07PolandCentral Bank of Poland

    Central Bank of Poland reports Poland’s official reserve assets rose to EUR 223.5bn at end-July 2025

    The Central Bank of Poland reported Poland's official reserve assets at EUR 223.5 billion (USD 255.9 billion) as of the end of July 2025, marking an increase of EUR 12.5 billion from June. The bank emphasized that reserve management prioritizes safety and liquidity, with investments primarily in Treasury securities, non-government debt, investment fund units, and short-term bank deposits with high credit standing.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-07ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges INGRS shareholders to scrutinise and vote on ratifying MYR 197.31 million financial assistance to major shareholder ICB

    The Thailand Securities and Exchange Commission urges Ingress Industrial (Thailand) Public Company Limited shareholders to review disclosures and vote on ratifying financial assistance transactions to Ingress Corporation Berhad. The independent financial advisor recommends against approval due to risks like potential default and inappropriate loan terms. The extraordinary shareholders’ meeting is on 14 August 2025, with approval needing a three-fourths majority vote, excluding conflicted shareholders.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-08-07United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs chair applauds Trump executive order to combat debanking

    Senate Banking Committee Chairman Tim Scott welcomed President Trump's executive order to combat "debanking" of federally legal businesses, emphasizing its role in protecting financial access. Scott linked the order to the committee's oversight activities, including hearings with Federal Reserve Chair Jerome Powell and bank leaders. He highlighted the Financial Integrity and Regulation Management Act, which aims to remove "reputational risk" from bank supervision, noting its progress and industry support.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-08-07United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs chair Tim Scott says committee will quickly consider Stephen Miran for Federal Reserve Board

    U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott announced the committee will expedite consideration of Stephen Miran's nomination to the Board of Governors of the Federal Reserve System. Scott seeks to understand Miran's plans for enhancing transparency and accountability at the Federal Reserve, emphasizing the importance of prioritizing its mandate and avoiding political influence.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-08-07TanzaniaBank of Tanzania

    Bank of Tanzania launches guided self-regulatory approach for Tier II microfinance service providers

    The Bank of Tanzania has launched a guided self-regulatory approach for Tier II microfinance service providers, collaborating with the Tanzania Association of Microfinance Institutions (TAMFI) and the Tanzania Microfinance Institutions Union (TAMIU). TAMFI and TAMIU will enforce market conduct and best practices, while the Bank will continue licensing and oversight. All Tier II institutions must join either association and comply with the new self-regulation agreements.

    Policy & regulationImplementation, projects & pilotsFinancial inclusionSupervision process and methodologies
  • 2025-08-07RussiaCentral Bank of Russia

    Central Bank of Russia reports 8.1% fall in incoming payments through the Bank of Russia in July

    The Central Bank of Russia reported an 8.1% decline in incoming payments processed through the Bank in July compared to the second quarter of 2025. This decrease was observed across all consolidated industry groups and federal districts, with a 8% drop excluding mining, quarrying, petroleum refining, and general government.

    Data & statisticsFinancial and market indicatorsSupervisory data