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2025-07-30•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee introduced the Unleashing AI Innovation in Financial Services Act, a bipartisan bill to promote AI use in financial services through regulatory sandboxes at federal agencies. The proposal (H.R. 4801) would establish "AI Innovation Labs" for supervised firms to experiment with AI, aligning with the Trump Administration’s AI Action Plan. The initiative emphasizes experimentation with safeguards and consumer protection.
Policy & regulationRules & requirementsArtificial intelligence
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2025-07-30•United Kingdom•HM Treasury
HM Treasury’s Office of Financial Sanctions Implementation (OFSI) fined Markom Management Limited GBP 300,000 for breaching UK financial sanctions against Russia, linked to a payment of GBP 416,590.92 to a designated person. OFSI emphasized the need for firms to assess sanctions risk, maintain compliance processes, and manage payment risks. Additionally, OFSI launched a consultation on enhancing enforcement processes, proposing to double penalties for severe breaches and expedite resolutions.
EnforcementInvestigations & enforcement actionsSanctions list update
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2025-07-30•United States•Federal Deposit Insurance Corporation
The FDIC has issued guidance for institutions in Lincoln County, New Mexico, affected by severe weather. It includes regulatory relief for operational continuity, prudent loan accommodations, and expectations for evaluating loan modifications under accounting standards. It also highlights Community Reinvestment Act considerations and offers flexibility on reporting delays and branch actions.
Policy & regulationGuidance & interpretationOther
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2025-07-30•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) issued supervisory relief for institutions affected by June 2025 storms in West Virginia, following a federal disaster declaration. The relief supports lending and customer assistance, allowing flexibility in regulatory and operational requirements. Institutions are encouraged to notify the FDIC of disaster-related delays in filings, with expedited processing for temporary banking facilities.
SupervisionSupervision approach, priorities & toolkitOther
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2025-07-30•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Division of Market Oversight issued a no-action letter, indicating it will not pursue enforcement against a swap execution facility lacking a central limit order book as per CFTC Regulation 37.3(a)(2). This applies to swap transactions on the facility not subject to the trade execution requirement in Commodity Exchange Act section 2(h)(8).
EnforcementInvestigations & enforcement actionsTrading
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2025-07-30•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's June 2025 report indicates subdued bank lending with a 0.49% real contraction, driven by commercial loans, while cumulative profits rose 9.07% to USD 482 million. Consumer loans grew for the second consecutive month, and housing loans expanded at a slower pace. Savings and credit cooperatives saw a 6.5% real increase in total loans, with profits up 44.59% to USD 13 million.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2025-07-30•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved PE Sub Holdings, LLC's mandatory public offer for Intralot S.A. and imposed penalties on two firms for anti-money laundering (AML) breaches. Eurobank Equities AEPEY was fined EUR 10,000, and Ethniki Asset Management SA was fined EUR 5,000 for violations of AML-related organisational obligations under Law 4557/2018.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-07-30•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched the 2025 Knowledge Partnership Program (KPP) with the Bank of Korea and Chungnam National University to enhance balance of payments statistics capacity. The program supports research and statistical capabilities for monetary policy and financial stability. The kickoff meeting included presentations on current practices and frameworks, concluding with signed minutes of discussion for implementing the KPP.
Institutional developmentCooperation & capacity buildingOther
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2025-07-30•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) has appointed Adam Cohen as Senior Deputy Comptroller and Chief Counsel, overseeing the agency’s legal function and joining its Executive Committee. Cohen will manage the OCC’s Law Department, providing legal analysis and advisory services across various areas, and advising on policy and operational initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-30•Vietnam•State Bank of Vietnam
The State Bank of Vietnam held a workshop on Circular 14/2025/TT-NHNN, detailing Basel III-style capital buffers and regulatory capital ratio calculations for banks. The circular outlines requirements for Common Equity Tier 1, Tier 1 capital, and minimum capital adequacy ratios, introducing buffers for capital conservation, countercyclical measures, and systemically important banks. It also updates operational risk requirements and maintains counterparty credit and market risk provisions from Circular 41.
Policy & regulationRules & requirementsCapital adequacy
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2025-07-30•Vietnam•State Bank of Vietnam
At a workshop, State Bank of Vietnam Deputy Governor Pham Tien Dung emphasized tech-enabled credit scoring and automated risk management for online lending, aligning with digital transformation goals. Circular 12/2024 permits online loans up to VND 100 million, while Circulars 31/2024 and 14/2025 mandate internal credit rating systems. The Vietnam Banks Association highlighted weaknesses in current rating approaches, urging a shift towards integrated data products for better credit assessment.
Policy & regulationGuidance & interpretationCredit riskArtificial intelligence
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2025-07-30•Malta•Malta Financial Services Authority
The Malta Financial Services Authority issued a Dear CEO letter to companies listed on the Malta Stock Exchange, outlining supervisory expectations for improved market disclosures. A 2024 review revealed delays, inconsistencies, and accessibility issues in company announcements. The MFSA expects enhancements in financial calendars, timely updates, digital formats, and transparency in shareholder rights, with ongoing monitoring through guidance and reviews.
SupervisionRegulatory reportingDisclosures
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2025-07-30•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) met in Buenos Aires with a U.S. congressional delegation and embassy officials to discuss Argentina's recent capital market regulations, including those on Virtual Asset Service Providers (PSAVs) and tokenization. CNV President Roberto E. Silva highlighted regulatory advancements and the importance of dialogue with U.S. officials. The U.S. delegation, led by House Financial Services Committee Chair French Hill, also met with key Argentine government figures.
Policy & regulationCooperationFintech and insurtechTokenization
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2025-07-30•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has initiated a public consultation on a draft General Resolution to implement an automatic authorisation regime for open mutual funds. This regime would streamline approvals for funds within the same "family" by allowing automatic authorisation of subsequent funds and non-substantive amendments after the initial fund is approved. The proposal also includes a simplified filing process for certain amendments to existing funds' management regulations.
Policy & regulationRules & requirementsLicence approval
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2025-07-30•China•China Banking and Insurance Regulatory Commission
Li Yunze, Party secretary and director of the China Banking and Insurance Regulatory Commission, visited the Tibet Autonomous Region to assess financial services' role in supporting regional development and major projects. He emphasized tailoring financial supply to local conditions, improving service quality, and enhancing risk management. Li also called for stronger local supervision and adherence to the Central Committee’s rules.
SupervisionSupervision approach, priorities & toolkitDomestic cooperation
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2025-07-30•United States•The White House
The White House released a fact sheet on the President’s Working Group on Digital Asset Markets report, recommending regulatory and legislative actions under Executive Order 14178. Key proposals include a federal market structure for digital assets, clearer banking rules for crypto services, and legislation to enhance CFTC oversight of non-security digital assets. The report also urges implementing the GENIUS Act stablecoin framework and calls for Congress to pass the Anti-CBDC Surveillance State Act.
Policy & regulationReform agendas & priorities
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2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has implemented a regulation for supervising currency exchange units, effective 30 July 2025. This regulation was approved by the Executive Committee through Decision No. 163 and published in the Official Monitor of the Republic of Moldova.
Policy & regulationRules & requirementsOther
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2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has issued a regulation detailing the supervision of non-bank payment service providers, effective 30 July 2025. This regulation was approved by the Executive Committee under Decision No. 162 and published in the Official Monitor of the Republic of Moldova.
Policy & regulationRules & requirementsPayments and payment systems
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2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has set a countercyclical capital buffer rate of 0.5% for credit exposures in Moldova, effective six months post-publication. This decision follows a review of Q4 2024 data, showing a private sector credit-to-GDP ratio of 97.8% and a credit-to-GDP gap of +2.7%. Banks are required to maintain records of applicable CCyB rates for accurate buffer calculations, with the rate reviewed quarterly.
Policy & regulationRules & requirementsMacroprudential policy and tools
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2025-07-30•Luxembourg•Luxembourg Commissariat aux Assurances
The Luxembourg Commissariat aux Assurances released its 2024/2025 annual report, including 2024 key figures and an annex to the report.
Institutional developmentOtherRegulatory reporting
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2025-07-30•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority issued Consultation Paper No. 8 of 2025, proposing enhancements to its regulatory framework to align with IOSCO standards. Key proposals include prohibiting misleading conduct, powers to suspend permissions, impose prudential directions, and enhanced disclosure requirements. Additional amendments address client asset protection, auditor appointments, complaints handling, and record-keeping.
Policy & regulationRules & requirementsRegulatory burden
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2025-07-30•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has revoked the licence of Al Nahdi Exchange and removed it from the official register due to significant non-compliance with Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. This enforcement action was taken under Article 137 of Decretal Federal Law No. 14 of 2018.
EnforcementSanctions & designationsAML and CFTCompliance
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2025-07-29•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission published a policy paper assessing the impact of Ghana's 24-Hour Economy blueprint on risk exposures and necessary changes in the insurance sector. It highlights the need for agile supervision, product innovation, and enhanced claims capabilities to support round-the-clock operations. It also discusses efforts to expand insurance penetration, particularly in agriculture, aiming to double penetration over the next three years.
Policy & regulationReform agendas & prioritiesOther
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2025-07-29•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission, led by acting Commissioner Dr. Abiba Zakariah, announced a strategic "reset" for the insurance sector to enhance efficiency, fairness, and market stability, focusing on the informal sector. The strategy includes market sanitization, increased penetration through initiatives like an Insurance Penetration Committee and digital tools, and positioning Ghana as an African insurance hub. Stakeholder consultations and plans for compulsory insurance enforcement and regional pool expansion are in progress.
Policy & regulationReform agendas & prioritiesMarket developmentSupervision process and methodologies
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2025-07-29•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance announced the "More Women on Boards" law, promoting gender diversity on boards overseen by the Financial Market Commission. The law introduces a "comply or explain" model with a suggested cap on the overrepresented sex, moving to 60%, and includes potential mandatory quotas for non-compliance. An advisory committee will assist in implementation, and companies with strong gender equity may receive public procurement recognition.
Policy & regulationRules & requirementsDiversity and inclusion
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2025-07-29•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported remittances in the first half of 2025 reached USD 5,826.7 million, an 11.2% year-on-year increase. Governor Héctor Valdez Albizu emphasized their role in supporting consumption, investment, and financing for vulnerable sectors. The bank's 2025 outlook anticipates strong foreign currency inflows from tourism, foreign direct investment, exports, and remittances, projecting USD 11.3 billion in remittances and USD 4.7 billion in foreign direct investment by year-end.
Data & statisticsOther
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2025-07-29•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced that trading in Celyad Oncology financial instruments will resume on Euronext Brussels on 29 July 2025 at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
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2025-07-29•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority (CMA) released its fourteenth annual report, detailing a 62% completion of its 2023/2024–2026/2027 strategy, including 50 out of 127 sub-initiatives. Key achievements include progress on the Capital Market System Development Program, implementation of a securities-based FinTech regulatory framework, and issuance of rules for inter-registration funds. The report also outlines future initiatives and preparation for the next strategic phase to 2031.
Policy & regulationImplementation, projects & pilotsActivity and performance reporting
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2025-07-29•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) and the Prudential Supervision and Resolution Authority (ACPR) warned about unauthorised actors offering investments in the unregulated Forex market and crypto-asset derivatives. Since early 2025, 30 Forex and 13 crypto-asset derivatives websites have been blacklisted. Investors should verify intermediary authorisation via public registers like REGAFI and ORIAS and avoid solicitations from unlisted entities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-29•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) aims to strengthen the pension system and enhance financial education, noting low and irregular contributions limit access to minimum pensions. Superintendent Francisco A. Torres highlighted that only 20% of affiliates contribute regularly, with pension fund assets totaling RD$1.45 trillion, representing 20% of GDP. Torres reassured affiliates that accounts remain secure and emphasized updating contact information and exploring long-term savings options.
Financial literacy & educationFinancial literacy and education
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2025-07-29•Australia•Australian Securities & Investments Commission
ASIC has charged Donald James Cuthbertson, former director of Professional Wealth Management Pty Ltd, with six counts of dishonest conduct under section 1041G of the Corporations Act. Alleged misrepresentations to investors between December 2018 and October 2019 led to losses of at least AUD 850,000. The case, prosecuted by the Commonwealth Director of Public Prosecutions, is adjourned to 23 September 2025.
EnforcementInvestigations & enforcement actions
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2025-07-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority and the Reserve Bank of Australia updated their Memorandum of Understanding to enhance cooperation for financial stability. The MOU clarifies roles and responsibilities and outlines arrangements for consultation, liaison, and information sharing, covering macroprudential policy, liquidity support, payments policy, and crisis management. Concurrently, the Council of Financial Regulators released an updated Charter for multilateral coordination.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority and the Reserve Bank of Australia have updated their Memorandum of Understanding to enhance cooperation for financial stability, detailing roles, responsibilities, and arrangements for macroprudential policy, liquidity support, payments policy, and crisis management. This update complements multilateral coordination through the Council of Financial Regulators, which has also refreshed its Charter.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released Report 811 on banks' responses to excessive fees for low-income customers. Banks will refund over AUD 93 million and transition over one million customers to low-fee accounts, potentially saving AUD 50 million annually. Refunds include AUD 33 million already repaid to 150,000 customers and an additional AUD 60 million for 770,000 customers. The review of 21 banks led to broader refund commitments and improved processes. ASIC will continue monitoring and may enforce actions if necessary.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2025-07-29•Australia•Council of Financial Regulators
The Council of Financial Regulators released an updated Charter and Memorandum of Understanding on Crisis Management to enhance cooperation among its members, including the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, the Australian Treasury, and the Reserve Bank of Australia, to bolster financial stability in Australia.
Policy & regulationCooperationOrganizational structure
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2025-07-29•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority, in collaboration with TAN-RE and ATI, conducted training on Takaful insurance for service providers in Zanzibar to enhance public understanding and ensure accurate information dissemination. The session, attended by key officials, emphasized the importance of continued education to promote inclusive insurance and improve coverage.
Financial literacy & educationFinancial literacy and education
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2025-07-29•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved the final List of clients of Freedom Finance Ukraine LLC eligible for the return of blocked funds. The List includes updated asset status and reconciled balance sheet data. Professional market participants will use the List for payment processing following state registration by the Ministry of Justice.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2025-07-29•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted rule-making and licensing decisions, including asset blocking sanctions for FREEDOM FINANCE UKRAINE LLC clients. It advanced changes to depository-system access and corporate governance for JSC Ukrainian Railways, and invalidated parts of a prior decision. Additionally, it registered amendments and approvals for exchanges and investment entities, including share issues and bond decisions.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-29•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported that Dutch pension funds' funding ratios improved in Q2 2025 due to higher asset values and reduced liabilities. Total investments rose by EUR 10 billion to EUR 1,604 billion, while liabilities fell by EUR 22 billion to EUR 1,309 billion, driven by rising interest rates. The average funding ratio increased to 122.5%, with the policy funding ratio slightly up to 118.0%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-29•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia and the Ministry of Energy discussed the financial impact of EU decarbonisation and green energy transition regulations on domestic firms. The meeting emphasized coordinated measures to support corporate adaptation and competitiveness, highlighting the financial sector's role in promoting energy sustainability. Future initiatives will focus on facilitating access to finance for green energy investments and technological modernisation to enhance macroeconomic stability.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-07-29•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has amended the Companies Regulations, 2024 to establish a centralized Ultimate Beneficial Ownership Registry at the SECP. This aims to ensure accurate beneficial ownership information and align with Financial Action Task Force and OECD recommendations. Companies must submit UBO data annually via the SECP’s eZfile portal, with access granted to financial institutions and stakeholders.
Policy & regulationRules & requirementsBeneficial ownership
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2025-07-29•Lithuania•Ministry of Finance (Lithuania)
Finance ministers from Lithuania, Latvia, and Estonia signed a joint statement to the EBRD to strengthen a pan-Baltic capital market. The statement prioritizes encouraging capital raising through Baltic trading venues, enhancing institutional investor participation, and pursuing legal convergence for cross-border investment. It also emphasizes financial education, investor confidence, and market transparency improvements.
Policy & regulationCooperationMarket development
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2025-07-29•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said Alliance Assurances will pay its 2024 dividend on July 30, 2025, at DZD 35 per share.
Other
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2025-07-29•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said Groupe Industriel SAIDAL Spa will begin paying its 2024 dividend on 10 August 2025. The dividend is set at DZD 21 per share.
Other
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2025-07-29•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance has submitted draft amendments to strengthen the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing. Key proposals include lowering customer due diligence thresholds for currency exchange firms, stricter governance for cryptoasset providers, and enhanced data sharing with the Financial Intelligence Unit. The amendments also aim to improve access to beneficial owner information.
Policy & regulationRules & requirementsAML and CFT
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2025-07-29•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) reviewed principal trading firms' compliance with MiFID Regulatory Technical Standards 6 (RTS 6), focusing on algorithmic trading control frameworks. Improvements since 2018 were noted, but significant compliance variations remain, including incomplete self-assessments, outdated policies, and weaknesses in documentation and accountability. The FCA provided individual feedback and urged firms to enhance their control frameworks, with ongoing supervision to continue.
SupervisionReviews, inspections & stress testsTrading
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2025-07-29•Finland•Bank of Finland
The Bank of Finland has appointed Iina Lario as Head of Communications for a five-year term, overseeing communications planning, implementation, and strategic development. Lario, with extensive experience at the Bank of Finland and the European Central Bank, will manage the Bank's publications, online services, and social media channels.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency released updated House Price Index results indicating a 0.2% decline in U.S. house prices in May on a seasonally adjusted monthly basis, with a 2.8% increase from May 2024 to May 2025. April's monthly change was revised to a 0.3% decline. Across nine census divisions, monthly changes varied from -0.8% to +0.3%, with all divisions showing positive 12-month changes.
Data & statistics
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2025-07-29•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia (NBE) reviewed its macroeconomic reform package, highlighting monetary policy changes, market-based exchange rate determination, and financial sector reforms. Achievements include reducing inflation to 13.9%, increased FX inflows, and significant growth in deposits and domestic credit. For 2025-26, NBE aims to reduce inflation to single digits, deepen the FX market, and enhance financial sector supervision and infrastructure.
Policy & regulationReform agendas & priorities
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2025-07-29•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency released 2024 data on cross-border insurance and reinsurance activities, highlighting distinctions between freedom of establishment (FoE) and freedom of services (FoS) within the European Economic Area. Slovenian insurers had two branches abroad, while eight foreign branches operated in Slovenia, with total insurance service exports at EUR 237 million and imports at EUR 352 million. Key export markets included Poland, Croatia, Norway, and Greece, while imports were primarily from Austria, Croatia, and Germany.
Data & statisticsBalance of payments and other external statistics
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2025-07-29•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency's 2024 report shows strong financial results for insurers, reinsurers, and pension companies despite challenges. Insurers recorded EUR 2.4 billion in premiums and EUR 229 million in profits, while reinsurers and pension companies reported EUR 65 million and EUR 12.1 million, respectively. The agency issued 501 supervisory measures, conducted six inspections, initiated a sustainability review, and addressed the earthquake insurance gap through industry collaboration.
SupervisionReviews, inspections & stress tests
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2025-07-29•Austria•Austrian National Bank (OeNB)
The Austrian National Bank and Financial Market Authority have initiated mandatory simulated cyberattacks for selected financial companies, supported by an updated TIBER-AT Implementation Guide under the EU Digital Operational Resilience Act. The framework mandates systemically important financial entities to conduct threat-led penetration testing every three years. The OeNB’s TIBER Cyber Team Austria will oversee these tests, with formal attestation by the FMA or the European Central Bank to ensure compliance.
SupervisionInnovation & testingCyber resilience
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2025-07-29•Austria•Austria Financial Market Authority
The Oesterreichische Nationalbank and Austrian Financial Market Authority released a revised TIBER-AT Implementation Guide, mandating simulated cyber attacks for selected Austrian financial entities. This aligns with the EU Digital Operational Resilience Act and European Supervisory Authorities’ standards on Threat-Led Penetration Testing. The TIBER framework aims to enhance cyber resilience by replicating real attacks, with mandatory exercises every three years for systemically relevant financial undertakings.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-07-29•Australia•Reserve Bank of Australia
The Reserve Bank of Australia and the Australian Prudential Regulation Authority updated their memorandum of understanding to enhance cooperation for financial stability, detailing roles, responsibilities, and arrangements for macroprudential policy, liquidity support, payments policy, and crisis management. Additionally, the Council of Financial Regulators released an updated charter for multilateral cooperation among agencies.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has issued final supervisory and anti-money laundering guidelines for Hong Kong’s stablecoin issuers licensing regime, effective 1 August 2025 under the Stablecoins Ordinance. The guidelines, including consultation conclusions and explanatory notes, will be published in the Gazette on the same date. The HKMA warns against misleading public statements about licensing status, as falsely claiming to be a licensee or applicant is an offence.
Policy & regulationGuidance & interpretationStablecoins
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2025-07-29•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Ministry of Finance and the Australian Prudential Regulation Authority met in Sydney to initiate technical cooperation for financial system resilience and inclusion. Discussions covered Indonesia's institutional restructuring, reforms under the Omnibus Law on the Financial Sector, and coordination between financial regulators. APRA acknowledged Indonesia's response to global shocks and its efforts to diversify its investor base with the Kangaroo Bond launch.
Policy & regulationCooperationCross-border cooperation
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2025-07-29•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 Kazakhstan warned of fraudsters using psychological manipulation to access citizens' money and data. The alert details tactics like creating urgency and emotional pressure, urging the public to verify information through official channels and avoid sharing personal details with unknown contacts. Additional resources are available on Fingramota.kz.
SupervisionAlertsOther
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2025-07-29•Samoa•Central Bank of Samoa
The Central Bank of Samoa released a public notice detailing the results of its 2025 review of foreign exchange control policies and procedures, along with general reminders on foreign exchange control.
Policy & regulationGuidance & interpretationForeign exchange policy and markets
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2025-07-29•Ghana•Bank of Ghana
The Bank of Ghana stressed integrating ESG factors into construction finance due to their impact on project timelines, costs, and regulatory risks. It reported progress in embedding sustainability into banking supervision, with compliance to the Ghana Sustainable Banking Principles rising from 42.28% in March 2021 to 73.06% in March 2025. The Bank also outlined its 2024 Climate-Related Financial Risk Directive, requiring banks to update governance and risk management systems by the end of 2025.
Policy & regulationGuidance & interpretationESG
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2025-07-29•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the Central Bank of Azerbaijan held a two-day event to share expertise in accounting, financial reporting, and economic activities. The program included presentations on budget planning, accounting policies, and international reserves management, followed by discussions on international practices. Both banks agreed to continue cooperation to enhance staff qualifications and broaden experience.
Institutional developmentCooperation & capacity buildingAccounting and financial reporting
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2025-07-29•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) launched the 13th Advanced Insurance Executive Programme for 150 senior executives to enhance understanding of insurance and risk management. The Permanent Secretary of the Ministry of Finance emphasized the need for increased insurance use in managing geopolitical, natural disaster, technology, and ageing-society risks. The programme aims to develop "Insurance Ambassadors" to effectively communicate insurance concepts to society.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-29•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait imposed penalties on three local banks, one foreign bank, and one exchange company under its supervision.
EnforcementInvestigations & enforcement actionsCompliance
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2025-07-29•Spain•Bank of Spain
The Bank of Spain's Executive Commission approved a rotation of deputy directors general, appointing Juan Peñalosa and Helena Tejero to new roles and expanding Carlos Conesa's responsibilities. These changes aim to promote internal mobility as part of the strategic plan. All appointments were ratified by the Governing Council.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines mandates digital, universal, and commercial banks to submit the Report on Intraday Liquidity in XML format via the Prudential Reporting Innovation and Monitoring Engine (PRIME) starting 30 September 2025. The transition includes a parallel run from 31 July 2025 using PRIME’s Sandbox module. This new process supersedes the previous INTRADAY reporting memorandum.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has launched the Credit Risk Database Philippines (CRDPh) System, a web-based platform for financial institutions to submit anonymised SME data and retrieve credit risk outputs. In collaboration with the Japan International Cooperation Agency, it aims to enhance risk-based SME lending, with 33 financial institutions participating. Phase 2 focuses on developing additional services and transitioning to a sustainable model, overseen by a Joint Coordinating Committee and an independent Third-party Evaluation Committee.
Policy & regulationImplementation, projects & pilotsCredit riskFinancial inclusion
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2025-07-29•South Africa•South African Reserve Bank
The South African Reserve Bank reported its international reserves and foreign currency liquidity as of end-June 2025, with official reserve assets at USD 68,415 million. Reserves include USD 64,999 million in Special Drawing Rights basket currencies and USD 3,416 million outside the basket. Predetermined net drains within one year total USD 5,712 million, with contingent drains of USD 1,069 million.
Data & statisticsBalance of payments and other external statistics
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines and the Japan International Cooperation Agency have launched the Credit Risk Database Philippines Web-based Scoring System to aid financial institutions in evaluating SME creditworthiness. The platform uses anonymized data to produce credit scores and default probabilities, facilitating faster loan assessments. It aims to assist in loan approvals and pricing for SMEs, including "missing middle" firms, and to generate benchmark statistics for SME financing policy.
Policy & regulationImplementation, projects & pilotsCredit riskSME financing
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2025-07-29•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has adopted a comprehensive framework for money services in the Astana International Financial Centre, consolidating requirements into a single rulebook for AIFC Participants. It includes new rules on money services, amendments to existing AIFC rules, and regulates digital asset transactions like traditional money services. Key provisions address client protection, cyber resilience, and digital asset handling, with phased implementation starting October 2025.
Policy & regulationRules & requirementsLicensing framework and process
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2025-07-29•Albania•Albania Financial Services Authority
The Albania Financial Services Authority's statistical bulletin for January–June 2025 shows a 7.99% increase in total gross written premiums to ALL 12.829bn and an 8.06% rise in insurance contracts, while gross paid claims slightly declined by 0.73% to ALL 4.094bn. Non-life insurance dominated with 90.98% of total premiums, and compulsory motor insurance premiums rose 13.38% year on year. Life insurance premiums increased by 12.33%, while accident and health premiums fell by 9.04%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-29•United Kingdom•Bank of England
The Bank of England has launched a consultation on extending CHAPS settlement hours, proposing an optional early settlement window from 1.30am to 6am starting in the second half of 2027. The proposal maintains existing throughput rules and participant-specific start times, with no changes to other payment services during this window. The consultation also seeks feedback on extending the CHAPS contingency window and enabling RT2 settlement during some bank holiday weekends.
Policy & regulationReform agendas & prioritiesPayments and payment systems
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) and Switzerland’s Federal Statistical Office have launched an initiative to integrate Swiss business registry data into Legal Entity Identifier (LEI) records, enhancing global due diligence processes by embedding a URL in each LEI for direct access to verified company information.
Policy & regulationImplementation, projects & pilotsKYC
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2025-07-29•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a public alert regarding Coral Trust Services, which is promoting services requiring a licence under the International Corporate Services Act without possessing one. The FSA confirmed that Coral Trust Services has never been licensed under any legislation it administers and advised caution when engaging with the entity or its website.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission fined LHL Online Lending Inc. PHP 129,000 for misleading loan agreement disclosures, violating the Truth in Lending Act. An investigation revealed discrepancies between stated and actual repayment terms, with hidden surcharges imposed. The SEC warned that further violations could lead to cancellation of the company's registration and authority to operate.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission imposed a PHP 1 million penalty on Link Credit Lending Investors Inc. for unfair debt collection practices, violating SEC Memorandum Circular No. 18, Series of 2019. The SEC's investigation revealed over 200 complaints, with four cases substantiating the order, and warned of harsher penalties for future violations.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protection
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against Hinance Lending Investors Corp. for operating an unregistered online lending platform under various names. Hinance Lending breached disclosure requirements and a moratorium on new online lending platforms, violating SEC Memorandum Circulars and the Financial Products and Services Consumer Protection Act. The order aims to prevent fraud and protect financial consumers.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-07-29•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario reminded insurers about increased denials of travel time expense claims, confirmed by Health Claims for Auto Insurance data. Insurers must cover reasonable medical and rehabilitation expenses, including provider travel time, under the Statutory Accident Benefits Schedule. FSRA will monitor compliance and directed stakeholders to its guidance on listed expenses.
SupervisionInterventionsOther
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2025-07-29•Global•United Nations Environment Programme Finance Initiative
The UN Environment Programme Finance Initiative updated on the Net-Zero Asset Owner Alliance's (NZAOA) role in the UNFCCC’s Baku to Belem Roadmap, emphasizing private capital's role in achieving the USD 1.3 trillion climate finance goal by 2035. Erich Cripton of La Caisse presented six priorities, including expanding access to catalytic capital, standardizing blended finance, and increasing multilateral development banks' private capital mobilization. The NZAOA, with 86 investors managing USD 9.2 trillion, aims for net-zero emissions by 2050 and remains engaged in the Baku to Belem process and COP30 discussions.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-07-29•Uganda•Uganda Insurance Regulatory Authority
The Uganda Insurance Regulatory Authority clarified accreditation fees for 2026, applicable to both renewal and first-time applications for foreign reinsurers and reinsurance brokers. The fees are USD 7,500 for reinsurance brokers and USD 12,500 for foreign reinsurance companies. Updated application forms require documentation such as incorporation evidence, financial ratings, audited statements, and regulatory compliance confirmations.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-07-29•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo announced the official availability of Apple Pay, enabling domestic banks and financial institutions to link their cards for contactless payments via Apple devices. Full enablement will depend on individual institutions' agreements and technical integrations. This launch is part of the central bank's efforts to modernize the payments system, aligned with its 2024–2028 Strategic Plan.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-07-29•United Kingdom•Bank of England
The Bank of England has re-appointed Jackie Bennett OBE as Chair of the Residential Property Forum for a second three-year term, effective immediately. The forum, established in 2010, convenes quarterly to provide insights into the UK residential property sector for the Financial Policy Committee. Peter Pereira-Gray has also been re-appointed as Vice-Chair for a second term.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs unanimously advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, aimed at increasing affordable housing access and improving federal housing oversight. The package includes 40 provisions, such as zoning policy updates, streamlined inspections, and coordination among federal housing agencies. It also proposes reforms to disaster recovery programs and initiatives for rural housing and commercial redevelopment.
Policy & regulationRules & requirementsOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs unanimously advanced the bipartisan ROAD to Housing Act, the first housing bill to progress through the committee in over a decade. The legislation aims to increase housing supply and affordability, reduce homelessness, and enhance oversight of federal housing programs. Key measures include supporting modular housing, reducing regulatory barriers, and improving HUD's disaster recovery efforts.
Policy & regulationRules & requirementsOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a summary of endorsements for the bipartisan ROAD to Housing Act of 2025, aiming to expand housing supply, improve affordability, and enhance federal housing program oversight. Major industry and advocacy groups support provisions on zoning reforms, transit-oriented development, and housing stock modernization. The committee will consider the package in an executive session, with stakeholders anticipating further refinements before Senate floor consideration.
Policy & regulationReform agendas & prioritiesOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a minority press release endorsing the bipartisan Renewing Opportunity in the American Dream to Housing Act of 2025 (ROAD to Housing Act). The act aims to expand housing supply and improve affordability through regulatory streamlining and programmatic reforms, including the Whole-Home Repairs Act and enhancements to the HOME Investment Partnerships program. Endorsing groups urge the committee to advance the legislation to the full Senate.
Policy & regulationReform agendas & prioritiesOther
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) has partnered with Switzerland’s Federal Statistical Office to integrate Swiss business registry data into Legal Entity Identifier (LEI) records via a direct linking approach, enhancing global due diligence processes and international visibility for Swiss businesses. Each LEI will now include a URL to the Swiss UID register, facilitating immediate access to verified company information.
Policy & regulationImplementation, projects & pilotsKYC
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation and Switzerland’s Federal Statistical Office have launched an initiative to integrate Swiss business registry data into Legal Entity Identifier records by embedding a URL linking directly to the Swiss UID register, enhancing global due diligence processes and international visibility for Swiss SMEs.
Policy & regulationImplementation, projects & pilotsKYCOther
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia has initiated a pilot for "share ratings," allowing two credit rating agencies to assign non-credit ratings to ordinary shares. This initiative aims to evaluate a company's fair value and offer investors an additional reference for investment decisions. The pilot will be reviewed by the end of 2025 to determine its potential integration into financial regulation.
Policy & regulationImplementation, projects & pilotsCredit ratings
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia's H1 2025 review reported an 18.6% year-on-year increase in financial consumer and investor complaints, totaling 182,400, though complaints decreased nearly 7% in Q2 compared to Q1. Complaints against banks rose 28.6% due to anti-fraud measures, while those against insurers fell 47% after improved access to the National Insurance Information System. Complaints against microfinance organizations and non-governmental pension funds increased, whereas those against securities market participants and related to sanction restrictions declined significantly.
SupervisionRisk monitoring & watch pointsConsumer and investor protection
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia issued a regulation setting reserve ratios and parameters for calculating reservable liabilities for Russian credit institutions and foreign bank branches, effective 1 August 2025. Ruble liabilities are set at 4.5% for banks with a universal licence and foreign branches, and 1% for banks with a basic licence. Foreign currency liabilities have ratios of 6% for friendly countries and 8.5% for unfriendly countries, with averaging ratios of 0.9 for banks and 1 for non-bank credit institutions and foreign branches.
Policy & regulationRules & requirementsLiquidity risk
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2025-07-29•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority (FRA) issued Circular No. 4 of 2025, prohibiting mortgage finance and financial leasing companies from using unregistered real estate valuation experts. Valuation reports from unregistered parties are void, and non-compliance breaches Mortgage Finance Law No. 148 of 2001, subject to accountability. The circular mandates adherence to Egyptian Real Estate Valuation Standards and is based on FRA's observations of unlawful practices.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-07-29•Egypt•Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority approved licenses for financial activities like leasing, factoring, investment funds, mortgage finance, and secondary-market dealings in government securities. Key authorizations include Al Ahli Kuwait – Egypt Financial Leasing for factoring, IFS Financial Solutions for leasing, and Aspire Capital Holding for investment funds. The committee's actions follow FRA Chairman’s Decision No. 3060 of 2023.
SupervisionAuthorisations & approvalsLicence approval
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2025-07-29•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned four individuals for violating the Securities Market Law's trading restrictions before financial statement publications. María Velázquez and Bogdan Borkowski received fines of UF 400 and UF 500, respectively, for trading ENTEL and Soquicom shares during restricted periods. Mónica Mitarakis and Fernando Pérez were censured for similar violations involving Conchatoro and Cencosud shares.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-07-29•Chile•Chile Financial Market Commission
The Chile Financial Market Commission and the Superintendence of Pensions have amended the System of Consultations and Offers of Pension Amounts (SCOMP) to exclude "external" pension offers from 1 September 2025. Companies must now present their best offers within SCOMP, aligning with a pension-system modification enacted in March. A transition period allows external offers in Offer Certificates until 31 August 2025.
Policy & regulationRules & requirementsOther
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2025-07-29•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has opened a public consultation on proposed amendments to the regulatory framework for state-guaranteed loans, aiming to enhance reporting and accounting for the FOGAPE and Special Guarantee Fund (FOGAES) programs. The proposal extends reporting obligations to banking subsidiaries and support companies and adds new supplementary accounts. Changes, if adopted, would be effective from September 2025 data, with specific rectification requirements for certain programs.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) alleges that Green Hygienics Holdings Inc. and its CEO, Ronald Wayne Loudoun, breached a cease trade order in place since 2014. The company allegedly distributed shares worth nearly 5.5 million CAD and issued promissory notes valued at 3 million CAD between 2019 and 2022. Loudoun is accused of personally selling shares and authorizing the company's actions, though the allegations remain unproven.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2025-07-29•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority announced changes to enhance sustainability, featuring a simplified structure centered on three core departments. The reshaping involves changes to reporting lines, financial policy reviews, and role transitions to align with its mandate and priorities. Further adjustments and clarifications in roles and processes are anticipated as BCFSA transitions to the new structure.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-07-29•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), moving away from a cash-only redemption structure. Commissioner Mark T. Uyeda highlighted that the in-kind model should reduce transaction costs and price slippage, aligning crypto ETPs with other ETP markets and addressing market asymmetries.
Policy & regulationRules & requirementsTrading
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2025-07-29•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved orders allowing authorized participants in crypto asset exchange-traded products (ETPs) to create and redeem shares in-kind, aligning spot bitcoin and ether ETPs with other commodity-based ETPs. Further orders advanced listings and derivatives for crypto-based products, including options and increased position limits for certain BTC ETPs. The Commission also scheduled comments on proposals to list and trade two large-cap crypto-based ETPs.
Policy & regulationRules & requirementsTrading
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2025-07-29•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted the Governor of the Central Bank of Nigeria to discuss expanding bilateral cooperation on supervision, policy, and operational capabilities. The visit included a tour of the New Administrative Capital’s Printing House and discussions on supervisory regulations, Basel implementation, and capacity-building programmes. This meeting follows a recent visit by the CBE Governor to Nigeria during the African Export-Import Bank’s annual meetings.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Vietnam•State Bank of Vietnam
The State Bank of Vietnam visited the Shanghai Free Trade Zone and Astana International Financial Centre to inform Vietnam's international financial centre development and banking regime. This visit, linked to the National Assembly's resolution, will guide a Government decree on licensing, banking operations, and compliance. Insights will refine the draft decree to align with the resolution's timeline.
Policy & regulationCooperationMarket developmentFinancial stability and systemic risk