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2025-08-05•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission received its first communication regarding a private offer by a public company for a bond issuance by Banco Angolano de Investimentos, S.A. The transaction, totaling AOA 118 billion with AOA 53.459 billion subscribed, does not require prior regulatory approval under the Securities Code and Regulation No. 5/16. ÁUREA – Sociedade Distribuidora de Valores Mobiliários, S.A. served as the intermediation agent.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-05•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority approved Shatirah House Restaurant Company's request to increase its share capital from SAR 35 million to SAR 56 million via bonus shares. The increase will be funded by transferring SAR 21 million from retained earnings, raising outstanding shares from 35 million to 56 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-05•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) is modernising the pension system through digitalisation, enhancing information access, and implementing Complementary Pension Plans. Initiatives include digital affiliation, AI-enabled chatbots, virtual appointments, digital signatures, data-driven supervision tools, and interoperability with financial entities. Superintendent Francisco A. Torres emphasizes priorities like coverage expansion, labour formalisation, voluntary savings, and investment diversification.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg reported a 1.71% monthly increase in the aggregate balance sheet total of Luxembourg credit institutions, reaching EUR 984,310 million as of 30 June 2025. The rise was driven by higher claims on banks and increased debts to other sectors, with notable growth in loans to non-bank customers and resident non-bank deposits. Annual changes showed a decline in credit to non-financial corporations and substantial increases in household mortgage lending and lending to other financial intermediaries.
Data & statisticsBalance of payments and other external statistics
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2025-08-05•Israel•Bank of Israel
The Bank of Israel's second-quarter 2025 review highlights a significant strengthening of the shekel, with a 9.3% appreciation against the US dollar and increased exchange-rate volatility, driven by improved investor sentiment and US dollar weakness. Nonresidents led foreign exchange sales, while average daily trading volume rose 6% to USD 14 billion, with nonresidents accounting for 86% of spot and forward trading activity.
Data & statisticsForeign exchange policy and markets
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2025-08-05•Uruguay•Central Bank of Uruguay
Guillermo Tolosa, president of the Central Bank of Uruguay, highlighted the economic, social, and ethical risks of money laundering at the Congress on Prevention of Money Laundering of the Americas. He stressed protecting Uruguay's credibility against sophisticated illicit structures, emphasizing enhanced coordination, resource prioritization, and reviewing the sanctions framework. Tolosa noted regulatory progress but warned of growing threats from organized crime, virtual assets, and transnational criminal networks.
Policy & regulationReform agendas & prioritiesAML and CFT
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2025-08-05•Europe•European Banking Authority
The European Banking Authority issued final draft Regulatory Technical Standards for calculating crypto-asset exposures under the Capital Requirements Regulation. These standards address capital treatment for risks associated with asset-referenced tokens and unbacked crypto-assets, aligning with Basel standards and the Markets in Crypto Assets Regulation. Key changes include removing a prudent valuation requirement and clarifying the aggregation of long and short positions.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-08-05•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved certificates on two draft laws and adopted supervisory, registration, and licensing decisions, including granting URB LLC a license for professional activity in organized commodity markets. The Commission registered changes to URB LLC’s rules and amendments to the All-Ukrainian Pension Fund CARE's charter. It also approved prospectus appendices for NovaPay Credit LLC bonds, registered bond issues, and approved draft charters and share issue registrations for several companies.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-05•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Shatirah House Restaurant Company's capital increase from SAR 35 million to SAR 56 million through the issuance of bonus shares. This will involve issuing three bonus shares for every five existing shares, raising the total outstanding shares by 21 million. An extraordinary general assembly must be convened within six months, contingent on regulatory compliance.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-05•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released detailed interest rate data on deposits and loans for each credit institution for June 2025, along with additional related information.
Data & statisticsMonetary data
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2025-08-05•Georgia•National Bank of Georgia
First Vice Governor Ekaterine Mikabadze of the National Bank of Georgia highlighted Alma's debut bond issuance as a milestone for Georgia's capital market, marking increased issuer confidence and sectoral diversity. She noted the market's size has doubled recently, with corporate bond issuance reaching GEL 325 million, a 50% increase from last year. The issuance, supported by Galt & Taggart and TBC Capital, attracted over 150 investors under Enterprise Georgia’s Capital Market Support Program.
OtherSecurities offerings and listingsMarket development
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2025-08-05•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan reported on the 33rd State Bank of Pakistan–SECP Coordination Committee meeting, focusing on policy coordination and joint initiatives. Topics included integrating digital payments into capital markets, improving access to credit information, and addressing legacy credit data issues. The committee also discussed financial product innovation, shared digital infrastructure, and regulatory alignment in emerging sectors.
Policy & regulationCooperationDomestic cooperation
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2025-08-05•Indonesia•Bank Indonesia
Bank Negara Malaysia, Bank of Indonesia, and the Bank of Thailand have appointed more commercial banks as Appointed Cross-Currency Dealers to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment. This expanded network aims to improve local-currency liquidity and transaction options among Malaysia, Indonesia, and Thailand. Newly appointed banks include AmBank (M) Berhad, PT Bank Danamon Indonesia Tbk, and Bank of China (Thai) Public Company Limited, among others.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-05•China•Central Bank of the Republic of China
The People's Bank of China and government bodies issued Guiding Opinions to boost financial support for industrialisation and manufacturing upgrades, targeting a mature financial system by 2027. The framework promotes monetary policy tools for priority sectors and long-term funds for technology commercialisation. It includes measures for green, digital, and supply-chain finance, and cross-border trade, focusing on strengthening financial institutions and industry-finance cooperation.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-05•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York's Center for Microeconomic Data reported a USD 185 billion (1%) increase in total household debt for Q2 2025, reaching USD 18.39 trillion. Mortgage balances rose by USD 131 billion, while credit card and auto loan balances increased by USD 27 billion and USD 13 billion, respectively. Student loan delinquencies surged as unreported missed payments surfaced, contributing to an elevated aggregate delinquency rate of 4.4%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-05•Europe•European Banking Authority
The European Banking Authority has launched a public consultation on proposed amendments to its Regulatory Technical Standards for resolution plans and resolvability assessments, aiming to simplify requirements and enhance cooperation among authorities. The changes focus on streamlining plan content, introducing optionality for scenarios, and reorganizing assessments around core dimensions. For resolution colleges, the proposals seek to simplify processes, improve information exchange, and strengthen coordination in implementing resolution schemes.
Policy & regulationRules & requirementsRecovery and resolution
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2025-08-05•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) revoked its 2021 rule on EBA guidelines for STS criteria in securitisations, following new EBA guidelines for balance-sheet securitisations. ASF will supervise Article 5 due diligence for insurance and pension entities, while the Portuguese Securities Market Commission (CMVM) oversees compliance with Articles 26 to 27 for originators and related parties.
Policy & regulationRules & requirementsSecuritization
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2025-08-05•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) issued a regulatory standard for updating sums insured in housing-related property insurance policies using specified indices. For Q4 2025, the Buildings Index is 559.63, the Household Contents Index is 348.52, and the Combined Index is 475.18. ASF emphasized policyholders' responsibility to ensure insured values' adequacy, considering regional variations and property changes.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-05•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported 40,515 debt arrangements under the Out-of-court Debt Settlement Mechanism by end-July, covering initial debts of EUR 13.25 billion. The July report noted a 30% increase in successful arrangements due to mandatory creditor participation and an expanded debtor perimeter. Additionally, 314 arrangements were made for vulnerable groups, and EUR 514 million of debts were restructured in June through bilateral agreements.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency has doubled Fannie Mae and Freddie Mac's investment capacity in Low Income Housing Tax Credit (LIHTC) properties to USD 2 billion each, raising the combined annual capacity to USD 4 billion. Half is allocated to difficult-to-serve LIHTC markets, with at least 20% directed to Duty to Serve Rural Communities. This expansion aligns with President Trump's One Big Beautiful Bill, which aims to enhance LIHTCs.
Policy & regulationRules & requirementsOther
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2025-08-05•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) has imposed an additional AUD 5.5 million capital requirement and new licence conditions on KeyInvest Limited, a life insurance company, after a review revealed deficiencies in its risk management framework. The capital add-on will remain until APRA is satisfied with the remediation. KeyInvest must implement a remediation plan and develop an APRA-approved board renewal plan, with further work needed to ensure effectiveness.
SupervisionInterventionsRisk managementPrudential risks
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2025-08-05•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake banking login screens, and phishing emails linked to press releases by The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. HKMA stressed that banks won't send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the relevant bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-08-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Damir Utebekovich Kakiev as a securities market senior officer for a management body member role as an independent director, per protocol No. 258/RЦБ dated 29 July 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reminded borrowers that a microfinance organisation's closure doesn't cancel microcredit obligations. Borrowers should be informed of reassigned collection rights and verify a lender's licence before obtaining microcredit. In 2024, 29 microfinance organisations ceased activity due to systemic legislative breaches.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-08-05•Ghana•Bank of Ghana
The Bank of Ghana launched the Bank of Ghana Chair in Finance and Economics at the University of Ghana to enhance the connection between academic research and financial policymaking. Governor Dr. Johnson Asiama announced the Governor’s Future Leaders Fellowship to develop high-performing graduates in economics, finance, and public policy. The address also covered digital finance, virtual asset regulation, and macroeconomic context, noting significant cedi appreciation in 2025 and banks' increased holdings of government securities.
ResearchOther
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2025-08-05•United States•Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta has promoted Philip Ridgway to vice president of Product Development for Federal Reserve Financial Services, effective 1 June. Ridgway will oversee product development for Check and FedACH. He has been with the Atlanta Fed since 2016, previously serving as assistant vice president for product development.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Jordan•Jordan Securities Commission
The Jordan Securities Commission released a draft licensing system for virtual asset service providers and is soliciting stakeholder feedback through the Government Tawasul Platform before finalizing the framework.
Policy & regulationRules & requirementsLicensing framework and process
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2025-08-05•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) and the Institute of Pure and Applied Mathematics (IMPA) have launched an Insurance Innovation Laboratory to modernize the insurance market and foster innovation. The initiative aims to strengthen connections between the insurance sector, academia, and the science and technology ecosystem. The laboratory was established under a technical cooperation agreement and introduced at an event in Rio de Janeiro with key stakeholders.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
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2025-08-05•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority released master circulars for capital market intermediaries under the IFSCA (Capital Market Intermediaries) Regulations, 2025. These circulars serve as a comprehensive reference for credit rating agencies, debenture trustees, distributors, ESG ratings providers, investment advisers, investment bankers, and research entities, detailing operational expectations like registration, governance, KYC, AML, cyber security, and reporting.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2025-08-05•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reminds resident entities to submit their Foreign Borrowings Plan for Q4 2025 and full year 2026 by 30 September 2025. This requirement, in the Manual of Regulations on Foreign Exchange Transactions, helps assess foreign funding needs and ensures borrowings align with debt servicing capacity. Submissions are confidential and must follow the standard form in Annex D.3 of the FX Manual.
SupervisionRegulatory reporting
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2025-08-05•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles and the Seychelles Bankers Association held a pilot outreach event for stevedores and dockworkers to enhance financial inclusion by promoting access to banking services. The session aimed to provide financial knowledge and encourage bank account openings, facilitating formal financial activity. Preparatory meetings involved key stakeholders to ensure a smooth process, with potential expansion to other underserved groups.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-05•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported a significant increase in cash issuance for Q2 2025, with euro banknotes up 44% and coins doubling compared to Q1. ATM activity showed a decline in cash withdrawals and deposits year on year, while the Estonian Forensic Science Institute identified 99 counterfeit euro banknotes and 36 counterfeit coins. The joint coin exchange programme with Omniva was extended to the end of 2025.
Data & statisticsCurrency and cash management
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2025-08-05•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance plans to introduce a voluntary Personal Investment Account (OKI) to promote long-term investing and bolster the domestic capital market. The account allows tax-free investments up to PLN 100,000, with a savings portion capped at PLN 25,000. Investments exceeding PLN 100,000 will incur a low assets tax of 0.8% to 0.9%.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has released a discussion paper outlining its proposed approach to AI development and adoption in the Malaysian financial sector. The paper details expectations for responsible AI use, focusing on consumer outcomes and policy objectives, and seeks feedback on the issues raised.
Policy & regulationGuidance & interpretationArtificial intelligence
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2025-08-05•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia, Bank Indonesia, and the Bank of Thailand have appointed more commercial banks as Appointed Cross-Currency Dealers (ACCDs) to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment settlements. This aims to improve local currency liquidity and customer outreach for MYR-IDR, MYR-THB, and IDR-THB transactions. Newly appointed banks include AmBank, Bank of China, OCBC Bank, Standard Chartered, and Sumitomo Mitsui in Malaysia, with corresponding appointments in Indonesia and Thailand.
SupervisionAuthorisations & approvalsCross-border payments
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2025-08-05•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued an alert regarding a fraudulent website, http://www.fsaseychelle.com/, which is impersonating the FSA's official site. The authority advises the public to verify licensing status through the official FSA website and cautions against engaging with the fraudulent site.
SupervisionAlertsFraud and scams
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2025-08-05•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission, chair of the ASEAN Capital Markets Forum Working Group on Corporate Governance, participated in the 2025 ASEAN Corporate Governance Conference and Awards in Kuala Lumpur. The event recognized top-performing publicly listed companies based on the 2024 ASEAN Corporate Governance Scorecard, now aligned with the 2023 G20/OECD Principles, emphasizing sustainability and stakeholder engagement. Six Philippine companies ranked in the ASEAN Top 50, and 35 received ASEAN Asset Class distinctions.
Data & statisticsCorporate governance
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2025-08-05•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The minority staffs of the Senate Banking and Foreign Relations Committees released a report criticizing the Trump Administration for not implementing new sanctions or export controls against Russia for over six months. The report contrasts this with the Biden Administration's 141 sanctions and export control actions since February 2022. It also highlights ineffective sanctions signals, missed opportunities to reduce Russian oil revenue, and staffing challenges in agencies handling Russia-related sanctions.
ResearchSanctions list update
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2025-08-05•Russia•Central Bank of Russia
The Central Bank of Russia identified over 4,000 fraudulent schemes in H1 2025, a 20% increase from H1 2024, primarily involving fake investment offers. It detected 2,300 online Ponzi schemes and noted a rise in financial pyramids, though their lifespans have shortened due to faster detection. The bank blocked 11,000 scam-related online resources and reported over 200 administrative cases for illegal consumer loans.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-05•Canada•Payments Canada
Payments Canada has finalized improvements to its bill payment framework, effective December 1, 2026, expanding coverage to electronic payments to non-Corporate creditor identification number billers. Updates include streamlined biller enrollment, revised operational practices, and guidelines for financial institutions to ensure timely payment recognition. The changes were endorsed by members and approved by Payments Canada’s Board of Directors following consultation.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-05•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority updated solvency margin standards for insurance and reinsurance companies under the Unified Insurance Law to ensure sufficient capital coverage and enhance supervision. Property and liability insurers must calculate solvency margins using two methodologies, applying the higher result, while personal insurance calculations are based on insured capital and technical provisions. The decision mandates asset quality considerations and allows remediation plans if solvency margins fall below legal limits.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-08-05•United States•Federal Deposit Insurance Corporation
The FDIC issued guidance on using pre-populated customer information for CIP requirements during account opening. Pre-filled fields are allowed if customers can review, correct, and confirm the information, and if the institution can verify the customer's identity. This applies to all FDIC-supervised institutions, with data potentially sourced from various internal and external entities.
Policy & regulationGuidance & interpretationKYC
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2025-08-05•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority extended the deadline for insurance companies to submit financial statements for the period ending 31 March 2025 to 7 September 2025. Insurers must provide board-approved statements to external auditors by 15 August 2025 and notify the Authority. Companies with investments in insurance firms receive an additional 15-day extension.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-05•Chile•Central Bank of Chile
The Central Bank of Chile's Survey of Price Determinants and Expectations shows firms' persistent perception of rising costs and stable median inflation expectations at 4% for 12- and 24-month horizons. Selling prices, sales levels, and input availability remained neutral, with profit margins slightly up since late 2024. Costs and the USD exchange rate continue to exert upward price pressures, though less than in previous quarters.
Data & statisticsEconomic data and developments
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2025-08-05•Chile•Central Bank of Chile
The Central Bank of Chile's 2025 Payment Systems Report highlights trends and challenges in digital payments, financial market infrastructures, and new technologies. It emphasizes rapid digital payment growth and potential impacts of expanding digital asset markets. Central Bank President Rosanna Costa and Financial Policy Division General Manager Claudio Raddatz stressed evolving regulation, interoperability, and robust frameworks for financial stability.
ResearchPayments and payment systemsMarket infrastructure
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2025-08-05•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation released a list of state nonmember banks evaluated for Community Reinvestment Act compliance, detailing CRA ratings assigned in May 2025. The CRA mandates assessments of banks' credit provision to their communities, including low- and moderate-income areas, while ensuring safe operations. Public disclosure of CRA evaluations and ratings is required for banks examined since July 1, 1990.
SupervisionReviews, inspections & stress testsCompliance
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2025-08-05•United States•Federal Deposit Insurance Corporation
The Federal Reserve Board and FDIC have released public sections of resolution plans for the eight largest domestic banking organizations, 56 foreign banking organizations, and 12 large insured depository institutions. Mandated by the Dodd-Frank Act, these "living wills" outline strategies for orderly resolution in financial distress, with public sections providing transparency. The documents are accessible on the FDIC and Federal Reserve Board websites.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-08-05•United States•Federal Reserve Board
The Federal Reserve Board and FDIC published public sections of resolution plans for major domestic and foreign banking organizations, as mandated by the Dodd-Frank Act. These plans, known as living wills, outline strategies for orderly resolution in financial distress. Additionally, the FDIC released public sections of resolution plans for large insured depository institutions under the FDIC’s IDI Rule.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has released new statistical data on the banking sector and payment card issuers via its Temporary Series Statistical Database (BEST) platform. The dataset includes liquidity and solvency indices for banks, details on banking leasing operations, and disaggregated activity, risk, and performance data for payment card issuers. A tutorial video is available to guide users on utilizing the BEST platform.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) alerted investors that 11 entities, including Koddpa and GROKR Exchange, are not registered under Law No. 21,521 and lack authorization to provide regulated services. Consequently, the CMF cannot supervise or sanction these entities. Investors are advised to verify registration status on the CMF website and consult the Fraud Alerts Page for supervision confirmation and alerts.
SupervisionAlertsOther
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) issued a public alert regarding fraudulent entities offering loans online and via messaging, falsely claiming CMF supervision and demanding advance payments for non-existent loans. Seven cases have been reported to the Public Prosecutor’s Office for alleged fraud. The CMF advises the public to use its Fraud Alerts Page to verify the legitimacy of financial service providers.
SupervisionAlertsFraud and scams
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2025-08-05•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Division of Corporation Finance clarified that "liquid staking" activities in proof-of-stake networks do not constitute the offer and sale of securities under federal law. Liquid staking involves receiving tokens that represent ownership of staked crypto assets, allowing transfer or use without unstaking. The SEC’s Crypto Task Force is open to inquiries and feedback on this clarification.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-05•United States•U.S. Securities & Exchange Commission
SEC Commissioner Caroline A. Crenshaw criticized the Division of Corporation Finance’s statement on liquid staking, saying it lacks clarity on federal securities laws for crypto assets and increases uncertainty. She noted its reliance on unsupported assumptions, narrow legal conclusions, and limited applicability due to factual variations, echoing concerns from a previous protocol staking statement.
Policy & regulationGuidance & interpretation
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2025-08-05•United States•U.S. Securities & Exchange Commission
The U.S. SEC’s Division of Corporation Finance stated that "liquid staking" arrangements are not securities transactions under the Securities Act of 1933 or the Securities Exchange Act of 1934. Participants generally need not register these transactions or rely on an exemption. The statement is limited to arrangements with specific features and excludes activities beyond administrative functions or inconsistent receipt token transactions.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-05•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Division of Corporation Finance issued a staff statement clarifying that certain liquid staking activities do not constitute the offer and sale of securities under the Securities Act of 1933 or the Securities Exchange Act of 1934. The statement, part of the SEC’s Project Crypto initiative, provides guidance on crypto asset activities potentially outside the SEC’s jurisdiction.
Policy & regulationGuidance & interpretationFintech and insurtechTokenization
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2025-08-05•Thailand•Bank of Thailand
The Bank of Thailand Board appointed Mr. Charl Kengchon as an expert member of the Monetary Policy Committee, effective 2 September 2025. He replaces Mr. Roongrote Rangsiyopash and will serve until 31 October 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Thailand•Bank of Thailand
The Bank of Thailand, Bank Indonesia, and Bank Negara Malaysia have appointed more commercial banks as Appointed Cross-Currency Dealers (ACCDs) to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment settlements between Malaysia, Indonesia, and Thailand. The expanded ACCD network aims to increase customer outreach, improve local-currency liquidity access, and broaden cross-border transaction options across the three markets.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam is advancing a VND 500 trillion preferential credit programme for infrastructure and digital technology investments, with full registration from 21 commercial banks. The central bank has requested project lists from relevant ministries to aid targeted appraisal and disbursement. Participating banks are to provide feedback on preferential pricing, set at a minimum 1.5 percentage points below their average medium- and long-term lending rates.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the Asian Development Bank (ADB) discussed enhancing ADB financing for Vietnam's private sector and advancing technical assistance for the central bank. Key topics included increasing private sector financing without government guarantees, addressing legal constraints, and simplifying procedures. ADB reported USD 1 billion in private sector financing and proposed expanding financing products, supporting trade finance, and providing anti-money laundering software.
Policy & regulationCooperationOther
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2025-08-05•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has imposed an additional AUD 5.5 million capital requirement and new licence conditions on KeyInvest Limited due to deficiencies in its risk management framework and board oversight, as identified by an independent review. KeyInvest must implement a remediation plan and develop a board renewal plan, both subject to APRA approval.
SupervisionInterventionsRisk managementPrudential risks
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2025-08-05•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported a decrease in official foreign exchange reserves to USD 597.87 billion at the end of July 2025, down USD 563 million from the previous month. The decline was due to returns from reserves management and valuation effects from currency movements. Foreign portfolio investors' securities and New Taiwan dollar deposits totaled USD 952.9 billion, 159% of the reserves.
Data & statisticsBalance of payments and other external statistics
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2025-08-05•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on risk-free interest rate term structures as of July 2025, in accordance with the RFR Technical Documentation. These structures are essential for calculating technical provisions for (re)insurance obligations under Solvency II. EIOPA updates this information monthly to ensure consistency across Europe.
Policy & regulationGuidance & interpretationFinancial and market indicators
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2025-08-05•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority reported that Governor Yahya Shunnar met with Australia's Representative to Palestine, Bethany Randell, to discuss the Palestinian banking sector and challenges related to the Israeli new shekel (ILS) accumulation crisis. This crisis affects banking services and economic needs, prompting the PMA to initiate measures for financial stability. Shunnar called for international support, with Randell expressing Australia's readiness to assist in maintaining banking system continuity and stability.
Policy & regulationCooperationCross-border cooperation
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2025-08-04•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has directed investors to its official channel for complaints regarding unpaid dividends or coupons, despite issuers having declared and paid them. This applies to securities issued via public offering or traded on the Angola Debt and Securities Exchange. Investors are urged to use this channel for clarification and to formally register issues, with communications managed rigorously and confidentially.
SupervisionInterventionsComplaints and dispute resolution
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2025-08-04•Panama•Panama Superintendencia del Mercado de Valores
Panama’s Superintendency of the Securities Market (SMV) issued Public Communiqué No. 7, targeting issuers, prospective issuers, and legal representatives about securities registration requests.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-04•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's June 2025 Banking and Financial System indicators note highlights robust performance with strong liquidity and solvency. Public deposits and the credit portfolio expanded significantly, with public deposits rising 11.7% year-on-year and the credit portfolio increasing 15.6%. Key financial metrics include a non-performing loan ratio of 1.1%, a liquidity ratio of 34.6%, and a capital adequacy ratio of 19.2%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported a 15.3% increase in foreign direct investment (FDI) to USD 2,892.8 million in the first half of 2025, projecting over USD 4,700 million by year-end. Nearly half of FDI targeted tourism and energy, with energy's share rising due to state incentives for renewables. Total foreign-currency earnings, including remittances and exports, reached about USD 23,900 million, aiding exchange-rate stability, with the central bank committed to monitoring market conditions.
Data & statisticsBalance of payments and other external statistics
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2025-08-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority announced that Razeen Financial Company has fulfilled the requirements to commence managing investments in the securities business. This follows a licence granted by a CMA resolution dated 28 November 2024, in accordance with the Capital Market Law and its implementing regulations.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) warns about fraudulent ads on platforms like Facebook and Instagram leading users to WhatsApp groups with fake investment tips. These scams impersonate financial institutions, promising high returns and pressuring communication via unofficial channels. The FSMA advises verifying authorisation, avoiding unofficial messaging, and reporting suspicious activity to authorities.
SupervisionAlertsFraud and scams
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2025-08-04•Europe•European Banking Authority
The European Banking Authority released three final draft Regulatory Technical Standards (RTS) for the EU Banking Package, focusing on operational risk losses. These RTS establish a common taxonomy for recording operational risk loss events, provide conditions for temporary waivers on calculating annual losses, and outline data integration methods for mergers and acquisitions. The standards align with international frameworks and the Digital Operational Resilience Act, incorporating ESG attributes.
Policy & regulationRules & requirementsOperational risk and resilience
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2025-08-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released "Climate-related Disclosures: Insights from our reviews 2025," offering feedback to enhance climate reporting entities' disclosures under New Zealand's climate-related disclosures regime. The report clarifies compliance requirements, addresses misconceptions about mandatory disclosure versus action, and outlines future monitoring and supervision focus areas.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-08-04•Kenya•Central Bank of Kenya
The Central Bank of Kenya, in collaboration with the Kenya National Bureau of Statistics and Financial Sector Deepening Kenya, has launched the first Remittances Household Survey to enhance data on international remittance flows. The survey aims to provide insights into remittance amounts, uses, costs, and challenges, including informal and in-kind support. Remittance inflows reached a record KES 666.7 billion in 2024, accounting for 4% of GDP.
Data & statisticsBalance of payments and other external statistics
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2025-08-04•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority highlighted a visit by the Deputy Permanent Secretary of the Ministry of Agriculture, Engineer Athuman Kilundumya, to their booth at the Nane Nane exhibition. He commended advancements in agricultural insurance and called for increased public education to enhance inclusivity for farmers, livestock keepers, and fishers.
Financial literacy & educationFinancial literacy and education
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2025-08-04•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority and TAIC are participating in the Nane Nane farmers exhibition in Dodoma to promote agricultural insurance. The event aims to educate the public on insurance options for farming, livestock, and fishing.
Financial literacy & educationMarket development
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2025-08-04•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of dubious investment projects, adding Moncheri Girl and Viktoras Karapetyants, bringing the total to 441 flagged projects. The Commission warns that such projects often masquerade as legitimate companies, offer guaranteed returns, and lack proper licensing. Investors are advised to consult the list and engage only with licensed market participants.
SupervisionAlertsSanctions list update
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2025-08-04•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance announced a support package for businesses impacted by looting and vandalism, including concessional financing and tax measures. Banco de Poupança e Crédito will provide credit at a 5.0% interest rate with a nine-month grace period. Additional measures include a USD 25 million line for equipment imports, expedited VAT recovery, and social security exemptions. The government coordinated with business owners and trade associations to expedite the support process.
Policy & regulationImplementation, projects & pilotsLending
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2025-08-04•Angola•Ministry of Finance (Angola)
The chair of Angola’s insurance regulator, ARSEG, stated that the supervisor is monitoring insurers' handling of claims related to recent provincial events to ensure compliance with deadlines and contractual obligations. Oversight is conducted by ARSEG’s Market Conduct and Complaints Handling Department. Businesses with adequate coverage have activated policies, with losses typically covered under multi-risk property insurance.
SupervisionRisk monitoring & watch pointsOther
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2025-08-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority announced that Razeen Financial Company has fulfilled the requirements to commence Managing Investments Activity in the securities business. This follows a licence granted by a CMA resolution dated 28 November 2024, under the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-04•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS), Bank Al-Maghrib, and AMMC released the 12th Financial Stability Report for 2024, detailing the Moroccan financial system's status, key risks, and economic trends. The report covers macroeconomic developments, financial positions of non-financial agents, financial institutions' resilience, and capital market developments, emphasizing risks to market stability and critical infrastructure.
ResearchFinancial stability and systemic riskMacroprudential policy and tools
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2025-08-04•Ecuador•Superintendencia de Bancos de Ecuador
Ecuador's Superintendency of Banks is supervising Banco Pichincha and has started an administrative sanctioning process to ensure client deposits and operations remain secure. The bank's financial indicators, including a solvency ratio above 13% and immediate liquidity over 21%, exceed regulatory requirements. The authority warns against spreading misinformation, which could lead to legal action under Ecuador's Comprehensive Criminal Code for causing "financial panic."
SupervisionInterventionsPrudential risksCapital adequacyLiquidity risk
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and capital market Self-Regulatory Organizations (SROs) hosted a Capital Market Goes to Community event to boost market literacy among young bikers, resulting in 452 new investor sign-ups. The event highlighted the "2L" principle—Legal and Logical—for prospective investors to mitigate fraud risks. OJK noted Indonesia has over 17 million capital market investors, with 79% under 40.
Financial literacy & educationFinancial literacy and education
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) confirmed financial sector stability in its July 2025 Board of Commissioners meeting, detailing supervisory indicators and enforcement actions. Developments include fines, licence revocations, and policy updates across capital markets, banking, insurance, non-bank finance, and digital assets. OJK is preparing deregulation measures for financing institutions and finalizing amendments to the digital financial asset framework to include crypto-asset derivatives.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMarket risk and volatility
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority hosted the Syariah Financial Fair in Bandung to enhance access to Islamic financial products and launched the One Account One Student programme. The event highlighted a rise in Islamic financial literacy from 9% to 43% and emphasized efforts to increase the uptake of Islamic financial products. A memorandum of understanding was signed to strengthen education and access in West Java.
Financial literacy & educationFinancial inclusion
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2025-08-04•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has invited public consultation on proposed amendments to the Research Analyst Regulations, 2015. The amendments aim to expand research report coverage, mandate analyst registration, extend blackout periods, and enhance disclosure requirements. Additionally, a code of communication for analysts and a research platform by the Pakistan Stock Exchange are proposed.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-04•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners, LIMRA, and the Society of Actuaries Research Institute have initiated a long-term care insurance industry experience study covering data from 2000 to 2023. The study aims to establish benchmarks for mortality, persistency, claim incidence, and termination to aid in pricing, reserving, and regulatory oversight. Thirteen carriers, representing two-thirds of the market, are participating, with efforts to recruit more companies underway.
ResearchOther
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2025-08-04•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) updated its Health Insurance Observatory data, highlighting rapid premium growth and reduced market concentration in Portugal's health insurance sector. Gross written premiums reached EUR 1.7bn in 2024, with individual and group policies nearly evenly split. Complaints decreased significantly, attributed to improved market practices and enhanced regulatory intervention.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DEP-478 regarding COP 100,000 banknotes.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-08-04•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia has released a Bicentennial commemorative banknote and gold and silver coins, alongside a Bs2 coin for circulation, to mark Bolivia's 200th anniversary. The banknote features prominent historical figures and cultural elements, while the coins display the National Coat of Arms and the Casa de la Libertad. These items are available for purchase at BCB counters, with the Bs2 coin serving as legal tender.
Monetary policyMonetary policy instruments & operationsOther
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2025-08-04•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about scams with fraudulent bank-branded websites, fake internet banking login screens, and phishing messages linked to banks like The Bank of East Asia and Ant Bank (Hong Kong) Limited. The HKMA stressed that banks won't send messages with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report incidents to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-08-04•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has revoked the licence of D.M. Autolombard LLP for microfinance activities due to non-compliance with regulatory instructions. The firm must re-register to remove terms implying microcredit activity or decide on reorganisation or liquidation within 30 days. Clients remain liable for obligations under existing microcredit agreements.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-04•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Total Business Services under the Designated Businesses (Registration & Oversight) Act 2015, effective 4 August 2025, pursuant to section 12(1)(a) of the Act.
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-08-04•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a warning regarding www.niolic.com, which falsely claims to represent Niolic Limited and offers financial services using AI-related bots. Niolic Limited is not licensed or registered with the Authority, and investors have reported issues withdrawing funds. The Authority advises affected individuals to contact local police and report cyber concerns to the Isle of Man’s Cyber Security Centre.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2025-08-04•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is advancing the "Restaurants with Peace of Mind, with Insurance Protection" project to help SME restaurant operators access insurance and enhance business standards. Following a pilot in Khon Kaen, the OIC plans to implement the project in Q3–Q4 2025, with outreach in several provinces and supporting technology development for a certification mark. In 2026, the OIC aims to expand awareness and participation in key cities, focusing on insurance literacy and product development.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-04•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait's 2024 Financial Stability Report highlights the local banking sector's resilience amid geopolitical tensions and economic uncertainty, with strong indicators in asset quality, capital adequacy, liquidity, and profitability. The report, in five chapters, examines global and domestic economic developments, assesses financial system risks, and includes analyses on the Kuwait Overnight Interest Average index and Basel III capital adequacy impacts.
ResearchFinancial and market indicatorsSupervisory data
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2025-08-04•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan granted Open Joint Stock Company Tourism Promotion Services Tajikistan, operating as Dushanbe Serena hotel, a special-service licence for foreign currency operations. This authorization aligns with Tajikistan's licensing and foreign exchange regulatory framework.
SupervisionAuthorisations & approvalsOther
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2025-08-04•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan issued a note distinguishing cryptocurrencies, central bank digital currencies (CBDCs), and virtual assets, reaffirming the somoni as the sole legal tender. It outlines risks of cryptocurrencies, like volatility and lack of regulation, contrasting them with CBDCs, citing examples from various countries. The bank's regulatory analysis of digital currencies and assets is ongoing, considering digital technology's significance and national interests.
Policy & regulationGuidance & interpretationFintech and insurtechBlockchain and distributed ledger technology
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2025-08-04•Liberia•Central Bank of Liberia
The Central Bank of Liberia now requires all mobile money providers to charge a 2% cash-out fee on withdrawals, effective August 1, 2025. The policy is aimed at standardizing fees, protecting agents and consumers, and shifting transactions away from cash. The bank also linked the move to work on the National Electronic Payment Switch, which is expected to enable real-time transfers between Liberia's two mobile money operators.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-04•Spain•Bank of Spain
The Bank of Spain reported a 10.5% year-on-year increase in non-cash payment transactions to 9.358 billion in the second half of 2024, with the total value rising 9.5% to EUR 6.5 trillion. Cards accounted for 65.5% of transaction volume, while credit transfers represented 88.5% of the total value. Notably, electronically initiated instant credit transfers surged 16.7% in volume and 26.2% in value.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•South Africa•South African Reserve Bank
The South African Reserve Bank's Working Paper examines fintech startup impacts on South African financial institutions' risk and performance. It finds fintech entry generally reduces bankruptcy and credit risk and enhances performance, though effects vary by bank size and can shift from collaboration to competition. The study highlights the need for regulatory vigilance regarding potential systemic risks from increased competition and interconnections.
ResearchFintech and insurtechFinancial stability and systemic risk
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2025-08-04•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 12.1% year-on-year increase in outstanding loans from universal and commercial banks in June, up from 11.3% in May. Resident lending grew 12.6%, while loans to non-residents fell 6.4%. The BSP emphasized its role in monitoring bank lending to ensure alignment with its price and financial stability mandates.
Data & statisticsMonetary data