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  • 2025-08-01United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission approves USD 200 million Barclays Fair Fund distribution plan including LSE ordinary share trades over commissioner dissent

    The U.S. Securities and Exchange Commission approved a plan to distribute a Fair Fund, funded by Barclays PLC's USD 200 million civil penalty, to compensate investors for losses tied to over-issued securities. The distribution will occur in two stages, prioritizing American Depositary Receipts (ADRs) before ordinary shares, with recognized losses calculated using a price inflation schedule. Commissioner Hester M. Peirce dissented, citing concerns over potential extraterritorial application of the Sarbanes-Oxley Act and reduced funds for the Treasury.

    EnforcementInvestigations & enforcement actionsSecurities offerings and listings
  • 2025-08-01United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission launches nationwide Crypto Task Force roundtables led by Commissioner Hester Peirce

    The U.S. Securities & Exchange Commission's Crypto Task Force will host roundtables across the U.S. with Commissioner Hester Peirce. The initiative targets crypto projects with 10 or fewer employees, less than two years old, extending previous discussions in Washington, D.C. Sessions will occur in multiple cities, and the SEC will publish a list of participating projects while accepting written input from those unable to attend.

    Policy & regulationImplementation, projects & pilots
  • 2025-08-01United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission launches AI Task Force and appoints Valerie Szczepanik as Chief AI Officer

    The U.S. Securities and Exchange Commission (SEC) has established an Artificial Intelligence Task Force to enhance AI use for innovation and efficiency. Valerie Szczepanik has been appointed as the SEC’s Chief AI Officer to lead this initiative. The task force aims to centralize AI efforts, promote collaboration, and support AI integration across the agency to improve operational capabilities.

    Institutional developmentMandate & organizational structureArtificial intelligence
  • 2025-08-01EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision publishes 2025 stress test results showing euro area banks’ CET1 would fall to 12.0% in adverse scenario

    The European Central Bank's 2025 stress test shows the euro area banking system's resilience, with the CET1 ratio dropping by 4.0 points to 12.0% under a severe downturn. Covering 96 banks, it reveals €628 billion in projected losses, mainly from credit and market risks, but with less capital depletion due to strong initial profitability. Findings will inform the Supervisory Review and Evaluation Process (SREP) and guide further supervisory actions.

    SupervisionReviews, inspections & stress testsStress testing
  • 2025-08-01United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency releases CRA performance evaluations for 15 institutions with six rated outstanding

    The Office of the Comptroller of the Currency (OCC) released Community Reinvestment Act (CRA) performance evaluations for 15 national banks and federal savings associations for July 2025. Six institutions received an "outstanding" rating, while nine were rated "satisfactory" based on their ability to meet community credit needs. The OCC's website offers a searchable list of CRA evaluations and upcoming examination schedules.

    SupervisionReviews, inspections & stress testsOther
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam publishes Agribank restructuring update and next-step priorities including preparation for equitisation

    The State Bank of Vietnam reviewed Agribank's 2020–2025 performance, highlighting improved asset quality, governance, and digital transformation. Key metrics include an NPL ratio of 1.26% and a capital adequacy ratio of 11.19%. Priority actions for 2026–2030 focus on completing restructuring, enhancing digital transformation, and preparing for equitisation.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Nguyen Le Nam as Deputy Director of its Monetary Policy Department

    The State Bank of Vietnam appointed Nguyen Le Nam as Deputy Director of the Monetary Policy Department for a five-year term, effective under Decision No. 2901/QD-NHNN. Deputy Governor Pham Thanh Ha emphasized the role's significance due to the department's increasing workload and importance.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam to coordinate a joint STATE BANK OF VIETNAM exhibition booth with Vietcombank VietinBank and Agribank at Sibos 2025

    The State Bank of Vietnam's Foreign Exchange Management Department will coordinate a joint exhibition booth for the Vietnamese banking sector at Sibos 2025 in Frankfurt. The booth, branded “STATE BANK OF VIETNAM,” will feature Vietcombank, VietinBank, and Agribank under the slogan “Empowering Digital Finance - Building the Bank of Tomorrow.” The event aims to promote digital finance and enhance engagement with international partners.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam reviews 2025 first-half anti-corruption work and sets priorities on power control and digital transformation

    The State Bank of Vietnam reviewed anti-corruption and misconduct efforts for the first half of 2025 and outlined future priorities. Key actions include enhancing institutional frameworks, power controls, integrity safeguards, and digital transformation, alongside ongoing coordination with authorities on enforcement. These efforts align with preparations for the 14th National Party Congress in early 2026.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-08-01RomaniaNational Bank of Romania

    National Bank of Romania reports international reserves rising to EUR 72.864bn at end-July 2025

    The National Bank of Romania reported an increase in international reserves to EUR 72.864bn as of 31 July 2025, up from EUR 67.627bn the previous month. This rise was driven by inflows from credit institutions’ foreign-currency reserve requirements and Ministry of Finance eurobond issues, while outflows included public debt payments. Gold reserves remained stable at 103.6 tonnes, valued at EUR 9.639bn.

    Data & statisticsBalance of payments and other external statistics
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam agrees bilateral AML and CFT cooperation plan with Indonesia’s PPATK to support FATF action plan delivery

    The State Bank of Vietnam's Anti-Money Laundering Department hosted Indonesia's Financial Transaction Reports and Analysis Center (PPATK) to share technical assistance and experiences on implementing Vietnam's FATF commitments. They agreed on a bilateral cooperation plan focusing on technical assistance, advisory support, and enhanced information sharing. Discussions included strengthening Vietnam's anti-money laundering framework and preparing for future mutual evaluations.

    Policy & regulationCooperationCapacity buildingAML and CFT
  • 2025-08-01VietnamState Bank of Vietnam

    State Bank of Vietnam’s Region 14 branch sets second-half 2025 supervisory priorities for people’s credit funds

    The State Bank of Vietnam's Region 14 branch conducted a mid-year review of the people's credit fund system, setting supervisory priorities for H2 2025 focused on safer credit growth, governance, and resolving non-performing loans. As of June 2025, Region 14 had 49 licensed funds with VND 4,472bn in operating funds and a 5.53% NPL ratio. Challenges include small scale, high NPLs, and weak compliance, with priorities on cooperative principles, debt management, training, and IT system deployment.

    SupervisionSupervision approach, priorities & toolkitLendingSupervision process and methodologies
  • 2025-08-01ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission meets notaries bodies to advance cooperation and discuss tokenisation rulemaking

    The Argentina Securities Commission (CNV) met with the Buenos Aires Province Notaries College and the Federal Council of Argentine Notariat to discuss cooperation on regulatory developments related to tokenisation. The meeting addressed applying emerging technologies to markets, particularly real estate, amid modernization and digitalization efforts. Participants committed to maintaining a collaborative relationship for future joint projects.

    Policy & regulationCooperationCross-border cooperationTokenization
  • 2025-08-01ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission updates micro and small enterprise financing coordination mechanism as banks extend CNY 17.8 trillion in new loans

    The China Banking and Insurance Regulatory Commission updated on the micro and small enterprise financing coordination mechanism, established in October 2024 to enhance bank credit access. As of June 2025, local programs facilitated visits to over 90 million entities, resulting in CNY 23.6 trillion in new credit approvals and CNY 17.8 trillion in new loans. The Commission plans to further improve demand identification and credit channel efficiency with the National Development and Reform Commission.

    Policy & regulationImplementation, projects & pilotsSME financing
  • 2025-08-01AsiaEurasian Group (EAG)

    Eurasian Group launches fourth annual competition for best anti-money laundering and counterterrorist financing analysis

    The Eurasian Group Secretariat has opened its fourth annual competition for the best financial analysis in anti-money laundering and counterterrorist financing for representatives of financial institutions in member states. Each member state or observer delegation may nominate one anonymized case study. The final is scheduled for Sept. 30, 2025 in Krasnoyarsk, with awards due in November at the 43rd Eurasian Group Plenary in Minsk.

    Policy & regulationImplementation, projects & pilotsAML and CFT
  • 2025-08-01TaiwanTaiwan Financial Services Commission

    Taiwan Financial Supervisory Commission approves Chang Hwa Commercial Bank for high-asset customer financial products and services bringing total approvals to 20 banks

    Taiwan's Financial Supervisory Commission has authorized Chang Hwa Commercial Bank to offer financial products and services to high-asset customers, increasing the number of approved banks to 20. The bank's operational plan includes talent cultivation, product development, risk management, and enhanced governance. This follows the FSC's recent rule amendments expanding bank eligibility and relaxing certain business activity restrictions.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-08-01TaiwanTaiwan Financial Services Commission

    Taiwan's Financial Supervisory Commission survey shows AI adoption rising to 33% of institutions and generative AI used by 48% of AI adopters

    The Taiwan Financial Supervisory Commission's survey shows 33% of financial and peripheral institutions use AI, with banks leading at 87%. Generative AI is rising for internal operations and customer service, despite challenges like output instability and compliance issues. The FSC plans to monitor AI adoption and promote joint development in anti-fraud AI and risk management.

    ResearchArtificial intelligence
  • 2025-08-01United Arab EmiratesCentral Bank of the UAE

    Central Bank of the UAE imposes a 10.7 million financial sanction on an exchange house for AML CFT and sanctions compliance failures

    The UAE Central Bank fined an exchange house 10,700,000 AED for violating Anti-Money Laundering and Combating the Financing of Terrorism policies under Article (14) of Federal Decree Law No. (20) of 2018. This follows an examination revealing failures in AML/CFT procedures and sanctions obligations. The measure aligns with the Central Bank's mandate to uphold transparency and integrity in the exchange house sector and protect the UAE financial ecosystem.

    EnforcementSanctions & designationsNew sanctions designations
  • 2025-07-31LuxembourgCentral Bank of Luxembourg

    Central Bank of Luxembourg reports break-even 2024 result after EUR 86.5 million risk provisioning as balance sheet falls to EUR 261.8 billion

    The Central Bank of Luxembourg reported a break-even result for 2024 after net risk provisions of EUR 86.5 million offset pre-provision profits. Total assets decreased by 7.5% to EUR 261.8 billion due to higher funding costs across the Eurosystem. Euro-denominated monetary policy lending dropped by 99.9% following the run-off of TLTRO-III, while net interest income fell to EUR 883 million with a net outflow of EUR 727 million to the Eurosystem.

    Data & statisticsAccounting and financial reporting
  • 2025-07-31Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority confirms Hamah Capital Company may commence securities advising activity

    The Saudi Arabia Capital Markets Authority announced that Hamah Capital Company has fulfilled the commencement-of-business requirements and is authorized to conduct the Advising Activity in the Securities Business under a licence granted by a CMA resolution dated 21 October 2024.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-07-31MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro and Deposit Protection Fund report EUR 87.5 million paid to depositors of two failed banks and assets of EUR 232.7 million

    The Central Bank of Montenegro reported on a meeting between Governor Irena Radovic and Deposit Protection Fund Director General Vojin Vlahovic, emphasizing deposit protection system stability. As of 30 June 2025, the Fund compensated depositors of Atlas Bank AD Podgorica and Invest Bank Montenegro AD Podgorica with EUR 67 million and EUR 20.5 million, achieving compensation rates of 74.2% and 91.4% respectively. The Fund's assets totaled EUR 232.7 million, with plans to enhance public education on deposit insurance rights.

    SupervisionRisk monitoring & watch pointsRecovery and resolution
  • 2025-07-31CanadaFinancial Consumer Agency of Canada

    Financial Consumer Agency of Canada identifies complaint-handling shortcomings at small and medium-sized banks and sets remediation expectations

    The Financial Consumer Agency of Canada (FCAC) released a supervisory highlight from a review of six small and medium-sized banks, identifying weaknesses in complaint record-keeping, resolution timeliness, and reporting quality under the Financial Consumer Protection Framework. Issues included incomplete complaint records, failure to meet the 56-day resolution requirement, and reporting gaps. FCAC requires corrective actions from the reviewed banks and urges all Canadian banks to address compliance deficiencies.

    SupervisionReviews, inspections & stress testsComplaints and dispute resolution
  • 2025-07-31South AfricaNational Credit Regulator

    National Credit Regulator publishes circular on misrepresentations of debt review

    The National Credit Regulator released Circular 07 of 2025, titled "Misrepresentations of Debt Review." The circular includes a disclaimer stating that while factual accuracy is prioritized, the regulator cannot guarantee accuracy regarding future events and disclaims liability for any damages from decisions based on the circular's information.

    Policy & regulationGuidance & interpretationOther
  • 2025-07-31KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo approves Banka Ekonomike takeover of Türkiye Is Bankasi Kosovo branch

    The Central Bank of the Republic of Kosovo has approved Banka Ekonomike Sh.A.’s acquisition of the Kosovo branch of Türkiye Is Bankasi A.S., consolidating the banking sector and eliminating foreign bank branches in Kosovo. Governed by Chapter V of Law No. 04/L-093, the transaction transfers all assets and liabilities to Banka Ekonomike, with no service interruption for existing customers. The central bank will oversee the acquisition and the transformation of Ziraat Bank’s Kosovo branch into Ziraat Kosova Sh.A.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-07-31ChileMinistry of Finance (Chile)

    Chile's Ministry of Finance reports parliamentary vote advancing Economic Intelligence Subsystem bill and approving CMF fine collection and bank data access reporting rules

    Chile's Ministry of Finance announced lawmakers are reviewing a bill to establish an Economic Intelligence Subsystem to combat organized crime, with several provisions already approved. Key measures include enhanced data analysis, operational traceability, and expanded reporting obligations, alongside changes to fine collection procedures and reporting requirements for the Financial Market Commission. The bill is in its second legislative stage, with further article-by-article votes pending.

    Policy & regulationRules & requirementsAML and CFT
  • 2025-07-31EuropeEuropean Banking Authority

    European Banking Authority consults on harmonised supervisory reporting for third-country branches across the EU

    The European Banking Authority (EBA) has initiated a public consultation on draft Implementing Technical Standards to standardize supervisory reporting for third-country branches under the Capital Requirements Directive. The draft standards aim to harmonize formats, definitions, and reporting frequencies across the EU, enhancing oversight through structured data collection and new templates. This approach seeks clearer insights into financial soundness, risk exposures, and intra-group dependencies of branches.

    Policy & regulationRules & requirementsSupervisory dataRegulatory reporting
  • 2025-07-31GlobalISDA

    International Swaps and Derivatives Association Board elects Amy Hong as chair

    The International Swaps and Derivatives Association (ISDA) Board of Directors has elected Amy Hong as its new Chair, succeeding Jeroen Krens following his departure from HSBC. Hong, Head of Strategy, Investments and Partnerships at Goldman Sachs, joined the ISDA Board in June 2020.

    OtherLeadership change and appointments
  • 2025-07-31TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority and Dar es Salaam Stock Exchange sign strategic cooperation agreement to promote capital markets and financial inclusion

    The Tanzania Insurance Regulatory Authority signed a strategic cooperation agreement with the Dar es Salaam Stock Exchange to support Tanzania’s financial sector development. The agreement focuses on joint training, improving public understanding of financial products, promoting capital markets, and strengthening financial inclusion. It aims to help insurers raise capital through capital markets and enhance public education on insurance and investment products.

    Policy & regulationCooperationMarket developmentDomestic cooperation
  • 2025-07-31UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market publishes step-by-step infographic on returning blocked assets for Freedom Finance Ukraine clients

    The Ukraine National Commission on Securities and Stock Market released an infographic to guide Freedom Finance Ukraine LLC clients in reclaiming blocked assets. It details steps based on asset type, actions if appeals fail, and guidance for stakeholders, requiring accounts with depository institutions or investment firms. Payments will commence post-state registration of the Procedure, with updates on the Commission's website and social media.

    Policy & regulationGuidance & interpretationClient asset custody and safekeeping
  • 2025-07-31NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets fines KC Audit EUR 250,000 for carrying out statutory audits without a licence

    The Dutch Authority for the Financial Markets fined KC Audit & Assurance Services B.V. EUR 250,000 for conducting statutory audits without the required AFM licence. The firm submitted 32 audit engagements, with nine reviewed and found non-compliant. The penalty was reduced from EUR 2 million due to KC Audit’s limited size and financial capacity, despite objections filed by the firm.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-07-31Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority confirms Hamah Capital Company has met start-up requirements to begin securities advising

    The Saudi Arabia Capital Markets Authority has authorized Hamah Capital Company to conduct Advising Activity in the Securities Business, following the completion of business commencement requirements. This authorization was granted under a CMA resolution dated 18/04/1446H (21/10/2024G) in accordance with the Capital Market Law and its Implementing Regulations.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-07-31CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes June 2025 MFI interest rate statistics as net new loans rise to EUR 642.8 million

    The Central Bank of Cyprus reported updated statistics for June 2025, indicating a decrease in household deposit rates to 1.13% and an increase in consumer and home purchase loan rates to 7.01% and 3.95%, respectively. Interest rates on loans to non-financial corporations fell, with net new lending rising sharply to EUR 642.8 million, primarily driven by loans over EUR 1 million to non-financial corporations.

    Data & statisticsMonetary data
  • 2025-07-31CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes Quarterly Financial Accounts for the quarter ending March 2025

    The Central Bank of Cyprus released the Quarterly Financial Accounts for the quarter ending March 2025, detailing aggregated financial assets and liabilities by economic sector. The report includes data for various sectors, including non-financial corporations, monetary financial institutions, and households, among others. The publication is available in Greek and English.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-07-31El SalvadorSuperintendencia del Sistema Financiero de El Salvador

    Superintendency of the Financial System of El Salvador opens 11–22 August 2025 application window for its Valuation Experts Register

    The Superintendency of the Financial System of El Salvador will accept applications for its Register of Valuation Experts from 11 to 22 August 2025. Applicants must comply with the Technical Standards for the Register of Valuation Experts and their Professional Obligations (NRP-27).

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-07-31PeruCentral Bank of Peru

    Central Bank of Peru reports private sector liquidity up 8.4% year on year in June

    The Central Bank of Peru reported an 8.4% year-on-year increase in private sector liquidity to PEN 510,130 million in June 2025, driven by higher liquidity in both soles and US dollars. Currency in circulation rose 11.8%, while deposits grew 7.9%, with savings deposits up 16.4% and demand deposits up 9.5%. Month-on-month, total liquidity increased 0.1%, despite a 1.0% decline in liquidity in soles.

    Data & statisticsMonetary data
  • 2025-07-31El SalvadorSuperintendencia del Sistema Financiero de El Salvador

    El Salvador's Financial System Superintendence opens 11–22 August 2025 window for External Auditors Register applications

    El Salvador's Financial System Superintendence will accept applications for registration in its Register of External Auditors from 11 to 22 August 2025. Applicants must submit documentation as per the Technical Standards for the Register of External Auditors (NRP-16).

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-07-31CongoCongo Insurance Regulation and Control Authority

    Congo Insurance Regulation and Control Authority meets Equity Group as it explores entry into the DRC insurance market

    The Congo Insurance Regulation and Control Authority engaged with Equity Group's CEO, Dr. James Mwangi, who expressed interest in the Democratic Republic of the Congo's insurance sector. Dr. Mwangi highlighted the market's attractiveness, ranking it highly in sub-Saharan Africa after South Africa.

    Policy & regulationCooperationMarket development
  • 2025-07-31North MacedoniaNational Bank of the Republic of North Macedonia

    National Bank of the Republic of North Macedonia discusses cooperation with the International Finance Corporation on digital finance and payments development

    The National Bank of the Republic of North Macedonia and the International Finance Corporation (IFC) discussed cooperation to enhance digital financial services and inclusion. Key topics included the central bank's role in digital transformation, integration with EU payment systems, and a new medium-term strategy for payment system development. The IFC emphasized aligning regulatory frameworks with international standards and fostering partnerships among banks, fintech firms, and the private sector.

    Policy & regulationCooperationFintech and insurtechFinancial inclusion
  • 2025-07-31IndonesiaOJK

    Indonesia's Financial Services Authority and Bappebti complete transfer of digital financial asset supervision including crypto asset derivatives

    Indonesia's Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (Bappebti) have finalized transferring regulatory responsibilities for digital financial assets, including crypto assets, from Bappebti to OJK. The addendum extends OJK's oversight to crypto asset derivatives, enhancing legal certainty. The transition, formalized on 30 July, aligns with the Financial Sector Development and Strengthening Law, with ongoing coordination to support stakeholders.

    Institutional developmentMandate & organizational structureMandate change
  • 2025-07-31PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan consults on amendments to the Private Fund Regulations introducing a unified Private Fund framework and revised investor eligibility

    The Securities and Exchange Commission of Pakistan has released a consultation paper proposing amendments to the Private Fund Regulations, 2015, aiming to align with global practices. Key changes include consolidating private equity and venture capital under a unified "Private Fund" framework, expanding investor eligibility, and enhancing governance with defined roles for trustees and fund managers. The SECP seeks public and stakeholder feedback on these proposals.

    Policy & regulationRules & requirementsOther
  • 2025-07-31United StatesNational Credit Union Administration

    National Credit Union Administration issues prohibition order and notices permanently barring three former credit union employees from federally insured institutions

    In July 2025, the National Credit Union Administration issued one consent-based order and two notices of prohibition, barring three individuals from participating in any federally insured depository institution. Raul Villareal and Ana Alicea, former employees of MERCO Credit Union and Greater Alliance Federal Credit Union, faced theft charges. Brian Socha, a former MassMutual Federal Credit Union employee, consented to the prohibition order to settle claims.

    EnforcementSanctions & designations
  • 2025-07-31ChinaCentral Bank of the Republic of China

    Central Bank of the Republic of China publishes June market data on bond issuance, trading and foreign holdings

    The Central Bank of the Republic of China reported June statistics, highlighting total bond issuance of CNY 8.79tn and total bond custody outstanding at CNY 188.5tn. Interbank cash bond trading reached CNY 34.3tn, while money market activities included interbank lending turnover of CNY 8.4tn and bond repo turnover of CNY 156.3tn. The report also noted commercial bill acceptances of CNY 3.5tn and discounts of CNY 2.8tn.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-07-31AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission highlights Better Banking for Indigenous Consumers project delivering AUD 93 million refunds and migration of one million customers to low-fee accounts

    The Australian Securities & Investments Commission (ASIC) reported that its Better Banking for Indigenous Consumers project led banks to refund over AUD 93 million to low-income Australians and migrate around one million customers to low-fee accounts, potentially saving AUD 50 million annually. Part of ASIC’s Indigenous Outreach Program, the initiative facilitated significant refunds for individuals, including pensioners and jobseekers. ASIC plans to continue advocating for improved consumer outcomes and anticipates further refunds, urging customers to review bank charges and consider switching to low-fee accounts.

    Policy & regulationImplementation, projects & pilotsConsumer and investor protection
  • 2025-07-31EuropeEuropean Banking Authority

    European Banking Authority MREL dashboard shows broad compliance and EUR 242bn of instruments to become ineligible by end-2025

    The European Banking Authority's Q4 2024 Dashboard on MREL shows most of the 345 EU banks meet requirements, with a EUR 2.3bn shortfall. Banks reported EUR 242bn of MREL instruments expected to become ineligible by end-2025 due to residual maturity under one year. Bail-in strategies dominated risk-weighted assets, while smaller banks favored transfer strategies.

    Data & statisticsRecovery and resolution
  • 2025-07-31LuxembourgLuxembourg Commission de Surveillance du Secteur Financier

    Luxembourg Commission de Surveillance du Secteur Financier warns of surge in scams impersonating the CSSF to demand payments

    The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has issued a warning about a rise in fraud attempts involving criminals impersonating CSSF representatives to solicit tax payments and fees. The CSSF clarified it does not request payments, manage financial instruments, or provide fund recovery services. Examples of ongoing scams were also published.

    SupervisionAlertsFraud and scams
  • 2025-07-31LithuaniaBank of Lithuania

    Bank of Lithuania signs cybersecurity cooperation agreement with the National Cyber Security Centre and joins the National Cyber Incident Management Platform

    The Bank of Lithuania has signed an agreement with Lithuania’s National Cyber Security Centre to enhance cybersecurity cooperation in the financial sector. This includes joining the National Cyber Incident Management Platform for real-time information exchange and coordinated incident response. The agreement aligns with Lithuania’s Law on Cybersecurity, the NIS2 Directive, and the Digital Operational Resilience Act, with more institutions expected to join.

    Policy & regulationCooperationCyber resilience
  • 2025-07-31PortugalBank of Portugal

    Bank of Portugal releases June 2025 lending and deposit statistics with new mortgage rates down to 2.91% and household term deposit rates to 1.43%

    The Bank of Portugal's June 2025 statistics show continued declines in rates for household term deposits and housing loans. New household term deposits totaled EUR 10.648 billion, mainly in short-term deposits, while new household lending reached EUR 3.083 billion, mostly for housing. A new BPstat subdomain for sector-level interest rates reflects declines across major sectors in Q2 2025.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-07-31GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance notes Euronext agreement to acquire the Athens Stock Exchange and signals review of the deal

    Greece's Ministry of National Economy and Finance announced that Euronext will acquire the Athens Stock Exchange, as reported by Minister Kyriakos Pierrakakis. The transaction is positioned as a significant foreign investment, enhancing funding options for Greek companies and bolstering Greece's market credibility. The government will review the agreement details and oversee its implementation.

    Policy & regulationImplementation, projects & pilotsLicence approval
  • 2025-07-31GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance to legislate tougher enforcement and penalties against illegal gambling from autumn

    Greece's Ministry of National Economy and Finance plans legislative measures to combat illegal gambling, targeting unlicensed websites and venues, focusing on player and minor protection. The initiative includes stricter sanctions, enforcement, and licensing rules, with nearly 800,000 citizens involved in illegal gambling activities amounting to EUR 1.67 billion. The measures are anticipated to take effect in autumn, alongside the proposed appointment of Antonis Vartholomaios as president of the Gaming Supervision and Control Commission.

    Policy & regulationRules & requirementsOther
  • 2025-07-31Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority leads industry delegation to Beijing to discuss market development and bilateral regulatory collaboration with the National Financial Regulatory Administration

    The Hong Kong Insurance Authority led a delegation to Beijing to meet with senior officials of the National Financial Regulatory Administration, including Party Secretary and Minister Li Yunze. Discussions focused on developments in the Mainland and Hong Kong insurance markets and enhancing bilateral regulatory cooperation. The delegation included IA Chairman Stephen Yiu, CEO Clement Cheung, and stakeholders from the Hong Kong Federation of Insurers.

    Policy & regulationCooperationCross-border cooperation
  • 2025-07-31United KingdomFinancial Conduct Authority

    Financial Conduct Authority fines Sigma Broking GBP 1.09m for widespread MiFIR transaction reporting failures

    The Financial Conduct Authority fined Sigma Broking Limited GBP 1,087,300 for failing to submit accurate transaction reports over five years, breaching Article 26 of the UK Markets in Financial Instruments Regulation and Principle 3 of the FCA’s Principles for Businesses. The firm submitted approximately 924,584 incorrect reports due to system setup errors and reporting process weaknesses. This is the second enforcement action against Sigma, following a 2022 fine for similar failures.

    EnforcementInvestigations & enforcement actionsRegulatory reporting
  • 2025-07-31BelizeCentral Bank of Belize

    Central Bank of Belize expands authorised dealers’ authority to sell foreign currency for prepaid imports up to BZ$100,000

    The Central Bank of Belize now allows authorised dealers to approve foreign currency purchases up to BZ$100,000 for prepaid imports without prior approval. Transactions exceeding this require Central Bank approval. Dealers can approve payments with a valid pro forma invoice, per Exchange Control Direction Number 5 (2025).

    Policy & regulationRules & requirementsCross-border payments
  • 2025-07-31Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission secures six-year director disqualification against former Zhongda International vice-chairman

    The Hong Kong Securities and Futures Commission (SFC) secured a Court of First Instance order disqualifying Mr. Zhang Yuqing from directorial roles in any corporation in Hong Kong for six years. This follows an SFC investigation revealing Zhang's failure to disclose unauthorized fund transfers and undervalued asset disposals at Zhongda International Holdings Limited. Despite no personal gain, Zhang's actions led to misleading financial disclosures, warranting disqualification.

    EnforcementInvestigations & enforcement actionsCorporate governance
  • 2025-07-31AustriaAustria Financial Market Authority

    Austria Financial Market Authority warns of rising WhatsApp investment tip scams impersonating media brands and financial firms

    The Austria Financial Market Authority (FMA) warned of fraud via WhatsApp groups offering "exclusive" stock tips and high returns, often impersonating financial media or services. Recent cases include fake profiles using Executive Director Helmut Ettl’s name and cloned social media profiles. The FMA advises verifying invitations, being wary of high-return offers, and reporting suspicious profiles to relevant platforms and authorities.

    SupervisionAlertsFraud and scams
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority reports Exchange Fund assets rose to HKD 4,297.1 billion and backing ratio increased to 111.54% at end-June 2025

    The Hong Kong Monetary Authority reported the Exchange Fund's assets rose to HKD 4,297.1 billion at end-June 2025, up HKD 137.7 billion from end-May, with the backing ratio at 111.54%. Hong Kong dollar assets increased by HKD 88.5 billion, and foreign currency assets rose by HKD 49.2 billion, influenced by interest income and investment revaluation. The Monetary Base decreased by HKD 4.7 billion to HKD 2,120.2 billion, mainly due to Hong Kong dollar purchases under the Currency Board arrangements.

    Data & statisticsBalance of payments and other external statistics
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority publishes end-June 2025 international reserves and foreign currency liquidity data

    The Hong Kong Monetary Authority (HKMA) published data on Hong Kong's foreign currency reserves and liquidity for June 2025, following the IMF's Template on International Reserves and Foreign Currency Liquidity. The HKMA adheres to the IMF's Special Data Dissemination Standard, issuing four Exchange Fund data press releases monthly, including three SDDS-related releases and one on the Exchange Fund's balance sheet and Currency Board Account.

    Data & statisticsBalance of payments and other external statistics
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority publishes June 2025 residential mortgage survey showing higher applications, approvals and drawdowns

    The Hong Kong Monetary Authority's June 2025 residential mortgage survey showed increases in mortgage applications, approvals, and drawdowns, with outstanding mortgage lending rising slightly. Mortgage applications rose 4.8% to 8,581, and loans approved increased 3.3% to HKD 27.5 billion. HIBOR-linked mortgages dominated new loan pricing, comprising 94.7% of the market.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority reports HKD 194.4 billion Exchange Fund investment income in the first half of 2025 and assets of HKD 4,297.1 billion at end-June

    The Hong Kong Monetary Authority reported the Exchange Fund's unaudited financial position at end-June 2025, with investment income of HKD 194.4 billion for the first half of the year and total assets of HKD 4,297.1 billion. Gains were primarily from bonds, Hong Kong equities, other equities, and a positive currency translation effect on non-Hong Kong dollar assets. Total assets increased by HKD 216.1 billion from end-2024, with an accumulated surplus of HKD 877.9 billion.

    Data & statisticsFinancial and market indicators
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert following Welab Bank warning on fraudulent website app and phishing messages

    The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites, a fake mobile application, and phishing messages linked to Welab Bank Limited. The HKMA emphasized that banks do not send messages with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-07-31Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority reports decline in negative equity residential mortgage loans at end-June 2025

    The Hong Kong Monetary Authority reported a decrease in residential mortgage loans (RMLs) in negative equity, with cases falling to 37,806 and the total value declining to HKD 190.2 billion as of end-June 2025. The unsecured portion also decreased, while the three-month delinquency ratio rose slightly to 0.21%. The survey, covering 99% of the industry, highlighted that most cases involved bank staff housing loans or RMLs under the mortgage insurance program.

    Data & statisticsAsset quality
  • 2025-07-31CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission announces voluntary liquidation of C.Q.I. Cyprus Quality Investment AIF V.C.I.C. PLC and its compartments

    The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of the Alternative Investment Fund C.Q.I. Cyprus Quality Investment AIF V.C.I.C. PLC and its compartments, C.Q.I. Income Fund and CQI Growth Fund, following a shareholders' decision. The action, communicated by the external manager GMM Global Money Managers AIFM Ltd, complies with the Alternative Investment Funds Law of 2018. CySEC confirmed the AIF is in voluntary liquidation.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-07-31CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission publishes Q1 2025 collective investments statistics showing assets under management at EUR 10.7bn

    The Cyprus Securities and Exchange Commission's Q1 2025 bulletin reports 322 supervised management companies and collective investment undertakings with total assets under management (AUM) of EUR 10.7 billion, a 6.64% increase from Q4 2024. It details AUM distribution across management entities and investment allocations, highlighting significant investments in private equity and real estate. Additionally, 162 UCIs invest in Cyprus, with local investments totaling EUR 2.9 billion, representing 27.19% of total AUM.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-07-31KazakhstanAgency 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 highlights new 10% cap on commissions for loan-linked insurance agents

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reminded financial entities of new regulations on insurance sold with loans, capping agent commissions at 10% of the premium. Lenders must not impose insurance requirements or limit insurer choice, emphasizing the voluntary nature of such insurance products. The law takes effect on 31 August 2025.

    Policy & regulationGuidance & interpretationLicensing and supervisory fees
  • 2025-07-31BulgariaNational Bank of Bulgaria

    Bulgarian National Bank to publish ECB-based exchange rates against the euro and discontinue BGN gold price data on euro adoption

    The Bulgarian National Bank will publish exchange rates of foreign currencies against the euro and vice versa, using European Central Bank rates, once Bulgaria adopts the euro. Concurrently, it will cease publishing gold prices in Bulgarian lev. This decision is based on Article 12(1) of the Currency Act.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2025-07-31BulgariaNational Bank of Bulgaria

    Bulgarian National Bank adopts ordinances governing euro cash frontloading, bank reporting and exchange of damaged lev

    The Bulgarian National Bank's Governing Council adopted three ordinances to implement the Law on the Introduction of the Euro in Bulgaria. Ordinance No. 46 outlines rules for the supply and distribution of euro cash, including starter kits and ATM loading. Ordinances No. 47 and No. 48 address banks' information obligations and procedures for exchanging damaged lev banknotes and coins into euros.

    Policy & regulationRules & requirementsCurrency and cash management
  • 2025-07-31BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria adopts a new ordinance on quality control of euro banknotes and coins in cash circulation

    The National Bank of Bulgaria has adopted Ordinance No. 18, establishing a national framework for quality control of euro banknotes and coins in circulation, aligning with EU rules. The ordinance outlines procedures for reproducing, replacing, and assessing euro banknotes and coins, including handling suspected counterfeits and compliance controls. It becomes effective with the new Law on the National Bank of Bulgaria.

    Policy & regulationRules & requirementsCurrency and cash management
  • 2025-07-31BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria sets 2024 supervisory and resolution administrative fees totalling BGN 36.839 million

    The Governing Council of the National Bank of Bulgaria has set individual fees for 2024 to cover administrative costs, totaling BGN 36.839 million. This includes BGN 29.228 million for banking supervision, BGN 4.029 million for credit institution resolution, and BGN 3.582 million for payment supervision. The decision aligns with the Bulgarian National Bank Act and Ordinance No. 40.

    Policy & regulationRules & requirementsMandate change
  • 2025-07-31Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority issues Dear CEO letter clarifying expectations for Designated Businesses Portal administration

    The Isle of Man Financial Services Authority issued a Dear CEO letter to Designated Businesses under the Designated Businesses (Registration and Oversight) Act 2015, clarifying expectations for information submission and portal maintenance. The letter references the Designated Business Registration Website User Guide from December 2019 as supporting material.

    Policy & regulationGuidance & interpretationAML and CFTSupervision process and methodologies
  • 2025-07-31ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission links insurers’ Examination Form governance assessments to Composite Risk Rating

    The Thailand Office of Insurance Commission has enhanced its supervision of insurers by mandating the submission of an Examination Form to assess governance and risk management. The form evaluates board performance and compliance risks, with findings revealing general compliance but some deficiencies in oversight and evaluation processes. The OIC is reviewing submissions and considering future cycles to align with insurers' risk profiles.

    SupervisionRegulatory reportingSupervision process and methodologies
  • 2025-07-31ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission outlines five measures to support insurers’ climate transition

    The Thailand Office of Insurance Commission (OIC) outlined a five-pronged strategy for the insurance sector's climate change response, focusing on supervisory tools, risk management, disclosure, investment flexibility, and product development. Key initiatives include climate-related stress testing for insurers, a Climate Risk Management Guideline, and an ESG disclosure framework. The OIC also emphasized green investment opportunities and product initiatives like microinsurance and crop insurance.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-07-31Middle EastArab Monetary Fund

    Arab Monetary Fund bulletin reports Arab stock market index up 1.55% in Q2 2025 while market capitalisation declines

    The Arab Monetary Fund's quarterly bulletin reported a 1.55% quarterly and 6.73% annual rise in its composite index, with 11 Arab exchanges posting gains despite a 2.42% decline in total market capitalisation and an 8.04% drop in trading values. The index's performance was attributed to rising oil prices, easing global trade tensions, and accommodative monetary policies, including rate adjustments by major central banks.

    Data & statisticsFinancial and market indicatorsMonetary policy decisions and developments
  • 2025-07-31LiechtensteinLiechtenstein Financial Market Authority

    Liechtenstein Financial Market Authority publishes FMA Practice 2024 with selected supervisory rulings and CHF 971,500 in fines

    The Liechtenstein Financial Market Authority released FMA Practice 2024, detailing supervisory decisions and rulings from the FMA Board of Appeal, the Administrative Court, and the EFTA Court. Key cases include the rejection of an insurance acquisition due to unmet legal requirements and a financial intermediary deemed untrustworthy following convictions. The report notes 34 ongoing proceedings, 84 concluded, 18 fines totaling CHF 971,500, and 20 warnings.

    Policy & regulationGuidance & interpretationLicensing and supervisory fees
  • 2025-07-31TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan issues a banking licence to Vasl Bank and voids Vasl’s previous non-bank credit licence

    The National Bank of the Republic of Tajikistan has issued a banking licence to closed joint-stock company Vasl Bank for operations in national and foreign currency, following its conversion into a bank. The licence previously granted to limited liability company non-bank credit organisation Vasl has been invalidated.

    SupervisionAuthorisations & approvalsLicensing framework and process
  • 2025-07-31Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina hosts Croatian National Bank workshop on implementing SEPA standards

    The Central Bank of Bosnia and Herzegovina hosted a workshop with the Croatian National Bank to discuss Croatia's experience with implementing SEPA standards. The event aimed to support Bosnia and Herzegovina's EU integration by focusing on SEPA process management, payment infrastructure, and regulatory frameworks. The workshop was supported by Bosnia and Herzegovina’s Directorate for European Integration and Croatia’s Ministry of Foreign and European Affairs.

    Policy & regulationCooperationCross-border cooperationPayments and payment systems
  • 2025-07-31SpainBank of Spain

    Bank of Spain publishes balance of payments data showing Spain’s net lending capacity at 3.9% of GDP in the 12 months to May 2025

    Spain's net lending capacity rose to 3.9% of GDP (EUR 63.7bn) in the 12 months to May 2025, according to the Bank of Spain's data. The current account surplus decreased to 2.7% of GDP, while the capital account surplus increased to 1.2% of GDP. A larger tourism surplus offset a weaker non-tourism goods and services balance, with the financial account balance excluding the Bank of Spain falling to 3.6% of GDP due to a decline in other investment flows.

    Data & statisticsBalance of payments and other external statistics
  • 2025-07-31BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority PREVIC issues joint rule extending portability contribution-history deadlines to 2026 and 2027 and setting withdrawal request procedures

    The Brazilian Pension Funds Authority (PREVIC), alongside the Brazilian Federal Revenue Service and the Superintendence of Private Insurance, issued a joint normative instruction amending procedures for contribution-history information in pension portability transfers. The update extends deadlines for closed supplementary pension entities to obtain and transmit historical data, addressing challenges faced in meeting the original timeline.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-07-31BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority directors publish analysis of reinstated held-to-maturity accounting for federal bonds in defined contribution pension plans

    Directors of the Brazilian Pension Funds Authority analyzed CNPC Resolution 61/2024, reintroducing the classification of Brazilian federal securities as "held to maturity" for certain pension plans. This change aligns pension entities' business models with asset management, enhancing stability and pension security while supporting federal public debt management. The authors discuss impacts, opportunities, and potential regulatory adjustments.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-07-31Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Dominican Republic's Superintendency of Banks announces CCSBSO expansion of cross-border supervision and resolution information-sharing memoranda and confirms Alejandro Fernández as chair

    The Central American Council of Superintendents of Banks, Insurance and Other Financial Institutions (CCSBSO) expanded its multilateral memoranda for cross-border supervision and elected its 2025–2027 board, with Dominican superintendent Alejandro Fernández W. as president. Ecuador's Superintendency of Banks joined as a member, and the assembly reviewed accountability reports and strategic progress. The Sustainable Finance for Development initiative concluded, advancing sustainability training and regional green taxonomy development.

    SupervisionCooperationLeadership change and appointments
  • 2025-07-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines signs MOU with the Bureau of the Treasury to strengthen government securities and large-value payment infrastructures

    The Central Bank of the Philippines and the Bureau of the Treasury signed a memorandum to enhance systems for government securities trading and large-value fund transfers. The agreement covers the Philippine Peso Real-Time Gross Settlement System, PhilPaSSPlus, and the National Registry of Scripless Securities, aiming to improve security, efficiency, and resilience. BSP Governor Eli M. Remolona, Jr. noted potential collaboration on systemic risk management and capital market development.

    Policy & regulationCooperationMarket infrastructure
  • 2025-07-31PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports other financial corporations domestic assets of PHP 10.6 trillion and liabilities of PHP 11.2 trillion in Q1 2025

    The Central Bank of the Philippines reported that other financial corporations held PHP 10.6 trillion in domestic assets at the end of Q1 2025, marking a 4.9% quarterly and 14.6% annual increase. Sector liabilities rose to PHP 11.2 trillion, up 6.2% quarter on quarter and 16.2% year on year. Net foreign assets increased by 34.1% from the previous quarter to PHP 0.6 trillion.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-07-31SloveniaSlovenia Securities Market Agency

    Slovenia Securities Market Agency issues investor warning on cryptoassets and reminds firms of MiCA authorisation and disclosure duties

    The Slovenia Securities Market Agency warned about increased cryptoasset activity and aggressive marketing, highlighting their speculative nature and lack of investor protection. The agency noted that the EU Markets in Crypto-Assets Regulation (MiCA) doesn't protect investors dealing with unauthorised firms and stressed compliance with regulatory requirements for issuers. Investors should verify EU authorisation, secure their assets, and be cautious with high-return promises.

    SupervisionAlertsConsumer and investor protectionFinancial stability and systemic risk
  • 2025-07-31New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority secures NZD 1.105 million payment under enforceable undertaking over misleading travel insurance discount claims

    New Zealand's Financial Markets Authority announced that Southern Cross Benefits Limited admitted liability for breaches of fair dealing laws and paid NZD 1,105,000 under an enforceable undertaking. The insurer misrepresented discounts on premiums, affecting NZD 3,501,221, but cooperated with the investigation and fully remediated affected customers.

    EnforcementInvestigations & enforcement actions
  • 2025-07-31BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission launches public consultation on targeted amendments to CVM Resolution 160

    The Brazil Securities Commission (CVM) has launched a public consultation on proposed amendments to CVM Resolution 160 concerning public offerings. Key changes include enhanced disclosure obligations in securitisation transactions, revisions to economic indicators for debt offerings, and transparency in expense allocation for mixed public offerings. The amendments also align Resolution 160 with new legal requirements for securities with tax benefits.

    Policy & regulationRules & requirementsSecuritization
  • 2025-07-31MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia holds Sabah roadshow to promote MyCIF-backed equity crowdfunding and peer-to-peer financing for MSMEs

    Securities Commission Malaysia held a MyCIF roadshow in Kota Kinabalu to connect Sabah MSMEs with equity crowdfunding and peer-to-peer financing. Supported by Invest Sabah Bhd, the event featured networking and exhibitor booths with SC-registered platform operators. MyCIF, administered by the SC, has co-invested over RM1 billion in more than 70,000 campaigns, benefiting over 9,500 MSMEs, with total funds raised surpassing RM6 billion.

    Policy & regulationImplementation, projects & pilotsCrowdfunding
  • 2025-07-31PhilippinesPhilippines Insurance Commission

    Philippines Insurance Commission hosts UNDP exchange on microinsurance distribution through the mutual benefit association model

    The Philippines Insurance Commission, UNDP Insurance and Risk Finance Facility, and CARD Mutual Benefit Association hosted a peer-to-peer learning exchange on microinsurance distribution using the mutual benefit association model. Regulators and stakeholders from Bangladesh, Thailand, Vietnam, and the Philippines explored mutual models for expanding microinsurance coverage and supporting MBA growth. Field visits highlighted CARD MBA's operations, governance, and its role as the largest microinsurance provider in the Philippines.

    Policy & regulationCooperationOther
  • 2025-07-31GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission updates Russia sanctions designation details for Petr Olegovich Aven

    The Guernsey Financial Services Commission amended the designation details for Petr Olegovich Aven under the Russia (Sanctions) (EU Exit) Regulations 2019, maintaining his asset freeze and trust services sanctions. Businesses must freeze relevant funds and assets immediately and report findings to the States of Guernsey Policy & Resources Committee, complying with the Sanctions Law 2018. Firms must also notify the Commission of any affected relationships and actions taken, following statutory reporting requirements.

    Policy & regulationGuidance & interpretationSanctions list update
  • 2025-07-31MalaysiaBank Negara Malaysia

    Bank Negara Malaysia releases IMF SDDS reserve template showing end June 2025 official reserves of USD120.6bn

    Bank Negara Malaysia released its IMF Special Data Dissemination Standard disclosure for end-June 2025, detailing international reserves and foreign currency liquidity. Official reserve assets were USD120,609.7 million, with short-term outflows of USD12,989.1 million and net short forward positions of USD22,601.5 million. The report indicates Malaysia's international reserves remain usable, with minimal contingent short-term net drains.

    Data & statisticsBalance of payments and other external statistics
  • 2025-07-31GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission issues notice correcting consolidated list details for 19 UK cyber sanctions designations

    The Guernsey Financial Services Commission updated its cyber sanctions list, correcting details for 19 entries under the UK Cyber (Sanctions) (EU Exit) Regulations 2020. Businesses must freeze assets of listed individuals and entities, avoid providing them with funds or resources, and report findings to the States of Guernsey Policy & Resources Committee and the Commission. Compliance with reporting obligations under the Sanctions Law and Handbook Rule 12.37 is mandatory.

    Policy & regulationRules & requirementsSanctions list update
  • 2025-07-31CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario notifies industry of Durham College LLQP exam fee increase effective 1 August 2025

    The Financial Services Regulatory Authority of Ontario announced that Durham College will increase Life Licence Qualification Program exam fees by CAD 1–2 from 1 August 2025. The new fees will be CAD 66.00 for both paper-based and electronic in-person exams, and CAD 84.00 for virtual online exams, with HST at CAD 0.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-07-31ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission launches joint investor awareness campaign with Meta on online investment scams

    The Thailand SEC and Meta have launched a campaign to raise awareness of online investment and payment scams. It aims to enhance public investment literacy and promote verification before investing, focusing on scams involving cryptocurrency, romance, fake assets, and public figure impersonation. The campaign advises checking SEC licensing, being wary of high-return offers, and using Meta's tools for scam prevention and account security.

    Financial literacy & educationFraud and scams