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2025-07-29•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance issued Resolution SSN No. 384/2025 to simplify administrative procedures in the insurance sector. It introduces rules for surety, credit, and agricultural and forestry risks, incorporating these into the Plan Deposit System to streamline authorisation processes. The resolution also amends the General Regulation of Insurance Activity to update documentation requirements for authorising insurance lines and plans.
Policy & regulationRules & requirementsLicensing framework and process
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2025-07-29•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance revised the General Regulation of Insurance Activity, mandating insurers report investments via a new microservices-based Information Regime for enhanced traceability and transparency. Under Resolution 388/25, insurers will submit weekly and monthly investment data through this regime, while reinsurers continue using SINENSUP. The SSN also released parameters for the new submission methodology.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission has extended the deadline for listed companies to appoint a female independent director to their boards under the Corporate Governance Code 2018. The new compliance deadline is 31 December 2025.
Policy & regulationRules & requirementsCorporate governance
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2025-07-29•Bahamas•Bahamas Securities Commission
The Bahamas Securities Commission issued a compliance notice to licensees after GRAN GRIF and VIV ANSANM were added to the UN Security Council Committee’s Haiti sanctions list. Firms must comply with The Bahamas’ sanctions framework and submit reports to the Financial Intelligence Unit and the Attorney General's Office within 24 hours. Non-compliance may result in fines up to $250,000 and additional disciplinary actions.
Policy & regulationGuidance & interpretationSanctions list update
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2025-07-29•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has reconfigured its Board of Directors following the death of Rafael Guardia Pérez, appointing Adriana Raquel Carles as Chair and Felipe Echandi Lacayo as Secretary. These appointments, made under Resolution SBP-JD-R-2025-00437, will last until 15 December 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has amended its regulatory framework for Authorised Persons and Recognised Bodies to enhance cyber risk management, effective 31 January 2026. The changes, following industry feedback, require integrating cyber risk management into existing frameworks and include a six-month transition period. Revised guidance clarifies proportionality, IT service provider arrangements, and cyber incident materiality assessment, with an updated notification template expected by year-end 2025.
Policy & regulationRules & requirementsCyber resilience
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2025-07-29•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has suspended the motor insurance business of a foreign insurance company's branch for non-compliance with solvency and guarantee requirements under Federal Decree Law No. 48 of 2023. The branch remains responsible for obligations from contracts made prior to the suspension. This enforcement action is based on Articles 33 and 44 of the law.
SupervisionAuthorisations & approvalsPrudential risksSupervision process and methodologies
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2025-07-29•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank, with the Regional Security System and Caribbean Development Bank funding, is holding a five-day workshop in Saint Christopher (St Kitts) and Nevis to enhance AML/CFT/CPF capabilities among judicial and prosecutorial officials. The program offers practical training in investigative and prosecutorial processes, addressing effectiveness shortcomings identified in FATF evaluations. Participants include judges, magistrates, prosecutors, crown counsels, and financial investigators from OECS member countries.
Policy & regulationImplementation, projects & pilotsAML and CFTDomestic cooperation
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2025-07-29•Samoa•Central Bank of Samoa
The Central Bank of Samoa's annual review confirmed no changes to exchange control policies but introduced procedural updates effective 1 August 2025. Key changes include retaining the original CBS BOP2 form for foreign payments and removing the reporting requirement for foreign currency deposit accounts. The notice reiterates existing controls, such as export permits for goods over SAT 500 and restrictions on foreign currency transactions to licensed entities.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-07-28•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission released an institutional video outlining its 2023–2027 strategic plan, focusing on consolidating the capital market, promoting financial inclusion, and supporting economic diversification. The strategy emphasizes creating a robust regulatory environment to enhance investor confidence and develop new financial products.
Policy & regulationReform agendas & prioritiesOther
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2025-07-28•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) has suspended trading in Celyad's financial instruments on Euronext Brussels at the company's request. The suspension is effective from 28 July 2025 at 16:02 CET and will continue until a company press release is issued.
SupervisionInterventionsTrading
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2025-07-28•Africa•Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)
The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the African Development Bank Group have launched a three-year project to enhance anti-money laundering and counter-terrorism financing frameworks in selected member countries, funded by a USD 5.2 million grant. The project targets Burundi, Eritrea, Madagascar, Mozambique, and South Sudan, focusing on capacity development as ESAAMLG starts its third round of mutual evaluations.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) joined Diario Libre’s Diálogo Libre forum, where Superintendent Francisco A. Torres discussed pension system improvements. Key issues included reforms for adequate, sustainable pensions, addressing low coverage and labor market informality, and updating legislation for digital platform work. Participants also emphasized strengthening pension education and exploring minimum pension guarantees for insufficient contributions.
Policy & regulationReform agendas & priorities
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) highlighted challenges in the pension system, noting only 2.3 million of over 5 million affiliates actively contribute due to high labor informality. SIPEN reported a contribution density of 41 months per 100 worked, with an average wage of DOP 36,000 and a 9.97% contribution rate. Contributions from the World Bank and CISS emphasized balancing efficiency and equity, recommending policy adjustments like linking retirement age to life expectancy.
Policy & regulationCooperation
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) conducted educational talks for Casa Brugal employees to enhance understanding of the pension system and retirement planning. Sessions were held both in-person and virtually across various locations, covering automatic enrollment and the process for switching pension fund administrators. Casa Brugal's involvement may earn it SIPEN's "Here We Know About Pensions" recognition.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Artal Capital Company's public offering of the Artal Monthly Distribution Fund, confirming compliance with the Capital Market Law and its Implementing Regulations. The CMA advises investors to review the fund's terms, investment strategy, and risk factors, and to consult the fund manager for any clarifications.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-28•Europe•European Banking Authority
The European Banking Authority's 2025 Opinion and report on EU financial sector money laundering and terrorist financing risks highlights shifting risks from geopolitical changes, legislative reforms, and digitalisation. It underscores weak AML/CFT controls in FinTech firms, with 70% of authorities noting high or rising risks, and flags serious compliance failures linked to improper RegTech tool use. Concerns about crypto-assets, AI-enabled fraud, and challenges in implementing EU restrictive measures are raised, aiming to inform the European Commission’s Supranational Risk Assessment and EBA policy priorities.
Policy & regulationGuidance & interpretationAML and CFTFintech and insurtech
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2025-07-28•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) warns against investing in unlicensed cryptocurrency futures from BTG Technology Holdings Limited, including Bitget. Bitget lacks an Australian Financial Services licence, leaving investors unprotected. These high-risk products offer leverage up to 125:1, exceeding ASIC's 2:1 limit. Bitget is registered with AUSTRAC but not licensed for financial services and has faced overseas regulatory actions since 2022.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-28•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance announced the inauguration of Microbanco Sólido S.A's first branch in Maputo by Finance Minister Carla Loveira, aimed at enhancing financial inclusion and reducing bureaucracy for informal entrepreneurs. The microbank, now part of Mozambique's 73 microbanks, focuses on providing tailored financial products to underserved citizens, particularly women and youth, and aims to strengthen financial literacy. Expansion to other regions is encouraged to support informal-sector clients lacking access to credit.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-07-28•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority hosted CRDB Bank PLC and Tanzania’s National Insurance Corporation to advance the Tanzania Agriculture Climate Adaptation Technology Deployment Programme, focusing on a parametric insurance scheme for smallholder farmers. The meeting reviewed progress under a Memorandum of Understanding, addressing policy reforms, product design, and capacity building. CRDB Bank, supported by the Green Climate Fund, was identified as a key implementer for the weather index insurance scheme.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-07-28•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye has launched the Data Research Center (VERIM) to support data-driven research by providing secure access to micro-level datasets. VERIM aims to facilitate research aligned with the CBRT Research Agenda on monetary policy, price stability, financial stability, and sustainable development, and is open to collaboration with public institutions, academia, and international organizations. Access is restricted to CBRT premises under secure protocols.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-28•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has commissioned KWINK groep to audit the effectiveness of its professional competence covenant with DSI, in place since 2018, to ensure compliance with MiFID II and the Dutch Financial Supervision Act. The review will evaluate the covenant’s methodology and the experiences of investment firms, with KWINK groep contacting organizations for input.
Policy & regulationImplementation, projects & pilotsAuditing
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2025-07-28•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Artal Capital Company's public offering of the Artal Monthly Distribution Fund. Investors are advised to review the fund's terms, investment strategy, and risk factors, and to consult the fund manager for any clarifications. The approval confirms compliance with legal requirements but is not a subscription recommendation.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-28•Indonesia•OJK
The Financial System Stability Committee (KSSK) assessed Indonesia's financial stability as maintained amid global uncertainty, projecting 5.0% economic growth for 2025. Key measures include Bank Indonesia's rate cuts, FX interventions, and macroprudential easing, alongside OJK's report of 7.77% bank credit growth and a 25.06% rise in peer-to-peer lending. The committee plans to finalize regulations under the Financial Sector Development and Strengthening Law (P2SK) by 2025.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-07-28•Georgia•Insurance State Supervision Service of Georgia
The Insurance State Supervision Service of Georgia and the Ministry of Economy and Sustainable Development conducted online training on voluntary private pensions under the International Finance Corporation Digital Financial Services project. Sessions covered international practices, product development, and digital distribution strategies, with participation from insurers, asset managers, and pension companies. World Bank experts led the training, which included industry stakeholders and government representatives.
Policy & regulationImplementation, projects & pilots
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2025-07-28•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) announced the transition to a T+1 settlement cycle for securities on the Pakistan Stock Exchange, effective 9 February 2026. The National Clearing Company of Pakistan Limited (NCCPL) is coordinating the change with market stakeholders and has prepared a roadmap for implementation. SECP advises market participants to ensure operational readiness, noting that the faster settlement is expected to reduce credit and market risk and enhance liquidity.
Policy & regulationImplementation, projects & pilots
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2025-07-28•Georgia•National Bank of Georgia
The National Bank of Georgia presented its fintech strategy to the Georgian Fintech Association, aiming to establish a unified national framework for fintech development. The strategy seeks to enhance stakeholder collaboration and position Georgia as a regional fintech hub for Middle Corridor countries. The meeting covered fintech market discussions, sector advancements, and key regulatory developments, with around 30 fintech companies participating.
Policy & regulationReform agendas & prioritiesFintech and insurtech
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2025-07-28•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority (COSOB) held a conference to present the results of a sectoral assessment of money laundering and terrorist financing risks in the securities sector.
SupervisionRisk monitoring & watch pointsAML and CFT
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2025-07-28•Lithuania•Bank of Lithuania
The Bank of Lithuania revised the CENTROlink payment system pricing, cutting operating fees by 50% and adding a high-volume tier for payments over 1 million monthly at EUR 0.003 each. CENTROlink, with over 130 participants, mainly serves electronic money and payment institutions, providing Single Euro Payments Area access. The central bank expands participation, upholds strict compliance standards, and offers consultations for prospective service providers.
Policy & regulationRules & requirementsPayments and payment systems
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2025-07-28•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released its June 2025 risk dashboard, maintaining macroeconomic, credit, and market risks at medium-high levels. Liquidity and interlinkages risks were rated medium-low, while profitability and solvency risks for pension fund management companies remained low. Specific risks for defined benefit and contribution plans were medium-low, with negative returns noted last quarter.
SupervisionRisk monitoring & watch pointsPrudential risksMarket risk and volatilityLiquidity risk
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2025-07-28•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance announced measures including a permanent annual rent refund and bank fee reductions, as outlined by Deputy Minister Giorgos Kotsiras. The rent refund will be automatic if lease details are in tax returns, with a 30 September update deadline. The new Customs Code aims to enhance digital operations and includes tax exemptions for employer-funded hospitalisation and volunteer firefighting vehicles.
Policy & regulationRules & requirementsOther
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2025-07-28•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority is seeking stakeholder feedback on a draft Approach document for assessing complaints about general insurance claim handling against insurers' legal obligations and industry standards, with the consultation open from 28 July to 29 August 2025.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-07-28•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission (GFSC) has expanded its portal to allow all firms to submit Regulated Individual applications online, following a soft launch for insurance and distributed ledger technology sectors. A PDF user guide has been issued to support adoption. The GFSC will accept email submissions until 31 October 2025, while encouraging portal use.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-07-28•Global•World Bank
The World Bank approved an EUR 8 million loan to Montenegro to modernize its digital payments infrastructure and expand access to digital financial services. The project aims to introduce fast digital transactions, adopt the Target Instant Payment Settlement (TIPS) clone solution, and increase digital payment usage by one third before 2030. It aligns with Montenegro's 2025–2029 Country Partnership Framework and targets reaching 110,000 more people, including 70,000 women.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-07-28•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks co-organised Data Summit 2025, highlighting advancements in the Commercial Data Interchange (CDI) to enhance trade finance and SME lending. Initiatives include Project Cargox for cargo data validation, open government data connectivity for faster loan approvals, and a proof-of-concept for a corporate credit scoring model. The CDI also linked to the Shenzhen-Hong Kong cross-boundary data validation platform to streamline loan applications.
Policy & regulationImplementation, projects & pilotsData protectionMarket development
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2025-07-28•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) released Issue No. 26 of Complaints Watch, highlighting a 33% increase in banking complaints in the first half of 2025, driven by a 54% rise in account operation issues. The publication urges Authorized Institutions to enhance customer communication and includes articles on complaint handling and customer-centric product design.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2025-07-28•Indonesia•Ministry of Finance (Indonesia)
Indonesia's Ministry of Finance reported that financial system stability was maintained in Q2 2025 despite global uncertainties from US-China tariff tensions and Middle East geopolitical issues. The Financial System Stability Committee (KSSK) is enhancing vigilance and cross-agency coordination, with capital flows shifting towards Europe, Japan, and gold. The World Bank and OECD have revised 2025 global growth forecasts downward, while Indonesia's growth remains supported by strong consumption and business activity.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-07-28•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has issued updated guidance on the Insurance Regulations 2025 and the Corporate Governance Code for Insurers 2021, effective 22 July 2025. This replaces previous guidance and includes changes from the Insurance Regulations 2025. Further updates are expected as the Authority works with the insurance sector on fast-track authorisations, insurance special purpose vehicles, and captive insurance.
Policy & regulationGuidance & interpretationAML and CFTCorporate governance
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2025-07-28•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released Phase 2 findings from its review of estate agents' compliance with the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019. The review included on-site inspections of 12 firms, focusing on risk assessments, business relationships, and staff training. The report highlights good practices, areas for improvement, and observations on firms' policies and controls, with the sector recording GBP 532.85 million in transactions in 2023.
SupervisionReviews, inspections & stress testsAML and CFTSupervision process and methodologies
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2025-07-28•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland will appoint a new director for its Cincinnati Branch to complete the term of Mary Meixelsperger, who is leaving on July 31. Meixelsperger is relocating and recently retired as CFO of Valvoline Inc. The new director will serve from January 1, 2026, until the term's end.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines released FAQ Series 1.2 to clarify the Philippine Sustainable Finance Taxonomy Guidelines for banks. The guidance covers the taxonomy's rationale, governance, scope, assessment criteria, classification system, and regulatory incentives for green projects. It emphasizes that the FAQ does not replace the SFTG, advising banks to consult Circular No. 1187 for comprehensive details.
Policy & regulationGuidance & interpretationGreen taxonomy
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2025-07-28•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam issued guidance for National Financial Literacy Day 2025, emphasizing personal finance management in a digital environment and scam prevention. Key advice includes setting financial goals, using budgeting tools, maintaining cyber hygiene, and engaging only with licensed financial institutions. Supported by the National Financial Literacy Council, the initiative aims to enhance financial literacy and awareness of financial products in Brunei Darussalam.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held a two-day forum in Dasmariñas City to boost economic, financial, and digital literacy among MSMEs under its Economic and Financial Learning Program. Attended by 1,874 participants, it covered inflation, interest rates, financial management, microfinance, and digital financial tools. BSP Deputy Governor Bernadette Romulo-Puyat emphasized practical financial education and digital skills for MSMEs and employees.
Financial literacy & educationFinancial literacy and educationFinancial inclusion
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held a two-day session for MSMEs in Dasmariñas City as part of its Economic and Financial Learning Program. The event on 23–24 July attracted 1,874 participants and covered topics like inflation, interest rates, financial management, and digital financial tools. Featuring speakers from various organizations, it aimed to empower MSMEs and their employees through financial education and digital skills.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission's 2025 conference highlighted improved detection and handling of market misconduct. Since 2020, 321 inspection teams issued 2,731 administrative sanctions and referred serious cases to authorities. Future priorities include enhancing the legal framework, upgrading supervisory tools, and strengthening coordination with the Ministry of Public Security and other entities.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-07-28•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission announced measures to combat vishing scams via an anti-vishing platform using AI analytics. The platform will enable rapid account suspensions and cross-sector information sharing, with AI-driven pattern analysis by the Financial Security Institute. Expected by the end of 2025, the initiative includes a broader overhaul of the anti-vishing response system.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2025-07-28•Estonia•Central Bank of Estonia
The Central Bank of Estonia's July 2025 statistics show a 23% year-on-year decline in profit before income tax to EUR 178 million, mainly due to falling Euribor. Despite this, lending growth remained robust, with housing loans up 10% and corporate loans up 8.5% by end-June, driven by long-term investment loans in real estate and infrastructure. Net profit for banks in the second quarter was EUR 146 million, with profitability returning to pre-interest-rate-rise levels.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-28•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has issued template documents for issuance prospectuses and information memoranda, along with guidance on licensing procedures for capital market participants, to enhance transparency and compliance. The templates address common errors and improve document quality, while the licensing guidance outlines the process, requirements, and timelines for obtaining and maintaining a licence. The central bank aims to continue such initiatives to support market participants.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-07-28•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released data on the off-exchange market for government securities for January–June 2025, highlighting primary-market auction order reception and transmission as the largest activity by volume. Retail investors dominated secondary-market transactions, with treasury bills accounting for 73.70% of these. Type B trades decreased by 68.25% in value, while type C trades increased by 16.41% compared to the same period in 2024.
Data & statisticsFinancial and market indicators
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2025-07-28•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay has made alias based transfers available to customers of 62 cooperatives and two electronic payment companies in the Paraguayan Payment System. The feature lets users send and receive transfers using identifiers such as an ID number, tax number, mobile number or email address instead of an account number. More than 3.2 million aliases have been registered since September 2023, and about 21% of Instant Payment System transfers now use the function.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-07-28•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia participated in an MoU signing between the Cambodia Association of Securities Firms and the Credit Guarantee Corporation of Cambodia to enhance cooperation in the securities market. Concurrently, SERC and partners launched "CSBA Phase III" to support the issuance of green and sustainability-linked bonds, aligning with Cambodia's climate priorities.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-07-28•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission (SEC) suspended Jia Financing Inc.'s certificate of authority for 60 days due to operating an illegal website and failing to disclose new loan products. The SEC ordered the removal of jia.ph for violating a moratorium on new online lending platforms and imposed a PHP10,000 penalty. Jia Financing's business plan also failed to disclose its lending operations, contravening SEC requirements.
EnforcementInvestigations & enforcement actionsLicence withdrawal
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2025-07-28•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has revoked the corporate registration and lending authority of Convenience Cash Lending Corp., operating as Zada Cash and Bloom Cash, due to unfair debt collection practices. This action followed over 600 complaints, including threatening messages and inappropriate delivery of funeral services to borrowers. Additionally, the company failed to comply with registration requirements under Republic Act No. 11765.
EnforcementInvestigations & enforcement actionsLending
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2025-07-28•United Kingdom•Bank of England
The Bank of England's Prudential Regulation Authority (PRA) fined Barents Reinsurance S.A., London Branch GBP 1,785,000 for governance and regulatory reporting failings, marking the first fine for a firm operating solely as a reinsurer. Barents failed to prepare for post-EU exit regulatory impacts and had inadequate governance and reporting systems, breaching several rules. Cooperation and early admissions reduced the penalty by 45%, with Barents now in supervised run-off, winding down its UK operations.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-07-28•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority released its June 2025 disclosure on transactions under listed companies' share buy-back programmes and liquidity contracts. For Maroc Telecom, the programme allows up to 10,165,623 shares with specific price limits, while BCP's programme authorises up to 1,500,000 shares. The report details execution volumes, weighted-average prices, and distinguishes between buy-back and liquidity contract activities.
Data & statisticsOther
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2025-07-28•Namibia•Bank of Namibia
The Bank of Namibia, in collaboration with the Ministry of Finance and NAMFISA, launched the Namibia Financial Sector Transformation Strategy 2025–2035. The strategy addresses challenges such as inequality, limited access to finance, and climate vulnerability, aiming to modernize and make the financial system more inclusive. It aligns with Vision 2030 and the Sixth National Development Plan to drive national transformation.
Policy & regulationReform agendas & prioritiesFinancial inclusionMarket development
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2025-07-28•Russia•Central Bank of Russia
The Central Bank of Russia's July 2025 monitoring results show a decline in maximum interest rates on Russian-ruble household deposits among the top 10 credit institutions, with rates dropping from 17.91% to 17.22% over the month. The report excludes special-category deposits and conditional rates, providing average maximum rates by maturity: 16.61% (up to 90 days), 16.94% (91 to 180 days), 16.25% (181 days to one year), and 14.69% (over one year).
Data & statisticsFinancial and market indicators
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2025-07-28•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets met with Bpifrance experts under the EU4Innovation East mission to enhance innovation financing. Discussions focused on a Fund of Funds for startups, attracting venture capital, and aligning regulations with EU standards for alternative investment vehicles. Led by CNPF Chair Dumitru Budianschi, the initiative aims to improve investor protection and access to finance for innovative enterprises.
Policy & regulationCooperationMarket development
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2025-07-28•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has amended its guidance to allow banks a one-year transition period before prohibiting loans to directors, general representatives, and related parties. This prohibition, outlined in the General Banking Act and Chapter 12-12 of the Updated Compilation of Banking Regulations, includes direct or indirect lending to these individuals and their close associates. Circular Letter No. 2,366 establishes this timeframe, following clarifications in Circular Letter No. 2,364 regarding the scope of related parties.
Policy & regulationGuidance & interpretationCorporate governance
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2025-07-28•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision updated its guide to internal models, reflecting changes under CRR3 and the revised Basel framework. Key updates include expectations for machine learning, credit risk model validation, and senior management responsibilities, alongside adjustments for market and counterparty credit risk. The revision aims to enhance transparency and harmonisation, with internal models accounting for about 60% of credit risk-weighted exposure for significant banks as of June 2024.
Policy & regulationGuidance & interpretationCapital adequacySupervision process and methodologies
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2025-07-28•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Region 14 branch and the Can Tho City People’s Committee held a conference to promote credit growth, reviewing local banking conditions and setting priorities for the latter half of 2025. As of 30 June 2025, deposits in Can Tho rose by 3.43% to VND 216.438 trillion, and outstanding credit increased by 6.85% to VND 308.477 trillion, with a non-performing loan ratio of 2.62%. Discussions focused on credit growth, non-performing loan resolution, and challenges in implementing SME credit guarantees.
Policy & regulationCooperationLendingMarket development
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2025-07-28•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chairman Wu Qing and Swiss Financial Market Supervisory Authority Chair Marlene Amstad discussed enhancing bilateral and multilateral supervisory dialogue and cooperation in regulatory technology during a video meeting on 24 July 2025.
SupervisionCooperationCross-border cooperation
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2025-07-28•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission has directed local regulators, property insurers, and industry bodies to enhance disaster response and expedite insurance claims amid severe flooding in Beijing and Hebei. Insurers are urged to activate contingency plans, mobilize resources for claims adjustment, and provide targeted support to affected regions. The notice emphasizes simplified claims processes, proactive services, and improved assessment efficiency through mechanisms like the motor insurance catastrophe survey mutual-recognition.
SupervisionInterventionsOther
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2025-07-28•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury issued the Customs and Excise Acts (Application) (Amendment) Order 2025, updating the import and export control framework effective 1 August 2025. The Order enforces UK legislation against importing or exporting counterfeit currency, with penalties including fines and up to 14 years' imprisonment. It also mandates fireworks importers to notify authorities in advance, with non-compliance penalties of up to GBP 10,000 and six months' imprisonment.
Policy & regulationRules & requirementsOther
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2025-07-28•United Arab Emirates•Dubai International Financial Centre
Dubai International Financial Centre (DIFC) reported its strongest first-half performance, driven by record new firms and growth in employment and regulated financial services. Active registered companies rose to 7,700, with 1,081 new additions in H1 2025, and the workforce expanded to 47,901 professionals. Dubai Financial Services Authority-regulated entities increased to 980, and financial services authorisations rose to 78. DIFC also highlighted proposed Variable Capital Company Regulations, legal updates, and announced Dubai Future Finance Week for May 2026.
Policy & regulationRules & requirementsActivity and performance reporting
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2025-07-27•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority (CMA) approved prioritizing public debt offering reviews for issuers with a CMA-licensed credit rating, effective until the end of 2026. This aims to enhance market transparency, encourage credit ratings, broaden investor participation, and expedite reviews. Credit ratings assess default likelihood and potential loss severity.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-27•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority (CMA) approved prioritizing public offering reviews for debt instruments with a CMA-licensed credit rating, effective until end-2026. This aims to enhance market efficiency and transparency, broaden investor participation, and expedite CMA reviews. Credit ratings are crucial for investor risk assessment and aiding financial advisers in marketing to institutional and qualified investors.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) supported the establishment of the China Capital Market Society, electing CSRC Chair Wu Qing as president and Vice Chair Li Chao as executive vice president. The society will focus on areas including market stability, innovation, and international markets, and plans to build a digital research platform, launch an academic journal, and serve as a policy advisory platform.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-26•Nigeria•Nigeria Securities & Exchange Commission
The Nigeria Securities and Exchange Commission (SEC) announced it does not recognize The Tourist Company of Nigeria Plc's (TCN) Annual General Meeting held on July 25, 2025, due to its suspension. Resolutions from the meeting, including changes to board composition, are invalid. The SEC will uphold its regulatory oversight, maintaining the current board and SEC-appointed independent directors, and will use legal measures to protect investors and ensure market discipline.
SupervisionInterventionsCorporate governance
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2025-07-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has authorized SAVINGS – Sociedade Distribuidora de Valores Mobiliários (SDVM), S.A. to operate as a securities distributor. The authorization includes client order handling, market execution, own account dealing, and various advisory and financial services, including public offerings and foreign exchange services.
SupervisionAuthorisations & approvalsLicence approval
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2025-07-25•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority released provisional Q1 2025 market statistics, showing total gross premiums of HKD 220.3 billion. Long term business saw a 43.1% increase in new office premiums to HKD 93.4 billion, while general business gross premiums reached HKD 31.2 billion. The authority will not publish separate statistics on Mainland visitors during a review of data collection criteria for non-local policyholders.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro adopted regulations to align its credit institutions framework with the EU Capital Requirements Directive and Regulation, fulfilling Benchmark 1 under Negotiation Chapter 9 on Financial Services. The package includes eleven decisions and five regulations for supervising the Development Bank, alongside amendments to the 2025 financial plan addressing SEPA implementation timelines, increased penalty revenues, and expenditures for EU reforms and digital upgrades.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-07-25•Angola•Angola Capital Markets Commission
Angola’s Capital Markets Commission, represented by Executive Administrator Vasco Januário, participated in the 40th Luanda International Fair, highlighting its regulatory and supervisory role in investor protection and market integrity. The discussion covered transparency, accountability, and reporting expectations for securities issuers and financial intermediaries, as well as financial literacy initiatives for investor preparedness.
Policy & regulationGuidance & interpretationMarket development
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2025-07-25•Europe•European Banking Authority
The European Banking Authority will publish the results of the 2025 EU-wide stress test on 1 August 2025. The test includes a baseline scenario based on December 2024 national central bank projections and an adverse scenario reflecting financial stability risks identified by the European Systemic Risk Board. The methodology aligns with the new EU banking package effective from 1 January 2025, covering 64 banks.
SupervisionReviews, inspections & stress testsStress testing
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2025-07-25•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico's Ministry of Finance has blocked the bank accounts of Hernán Bermúdez Requena and associated entities amid a financial investigation. The Financial Intelligence Unit (UIF) ordered the asset freeze due to suspected illicit activities, including money laundering and tax simulation schemes. Concurrently, the Ministry of the Interior suspended operations of gaming companies linked to relatives of Tabasco's former public security secretary.
EnforcementSanctions & designationsBribery and corruptionAML and CFT
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2025-07-25•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) has issued a public warning and updated its blacklist of websites offering crypto-assets or related services illegally in France, adding 19 new names since 2025. The blacklist is accessible on the AMF and Assurance Banque Épargne Info Service websites and is updated frequently. Users are advised to consult the AMF's whitelist of authorised Digital Asset Service Providers and Crypto-Asset Service Providers to verify legitimacy.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-25•Montenegro•Insurance Supervision Agency of Montenegro
The Insurance Supervision Agency of Montenegro is consulting on draft amendments to its rulebook regarding the content, method, and deadlines for reports and notifications submitted to the supervisor. The draft text and comment submission template are available for download.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has approved a procedure for returning blocked assets to clients of Freedom Finance Ukraine LLC, marking the final regulatory step. It outlines eligible entities, client entitlement confirmation, and exclusions due to sanctions or opaque ownership. The mechanism will launch after an official adjustment, with detailed instructions and a client list forthcoming.
Policy & regulationRules & requirementsClient asset custody and safekeeping
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2025-07-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted new procedures for asset return and financial sanctions enforcement, including fines for legislative breaches. Amendments were made to decisions and draft legislation concerning the Deposit Guarantee Fund, National Bank of Ukraine, and collective investment institutions. The Commission updated registration, licensing, and supervision protocols, terminated PrJSC Stock Exchange Perspektiva’s clearing licence, and approved share issues for various entities.
Policy & regulationRules & requirementsLicensing framework and process
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2025-07-25•Latvia•Central Bank of Latvia
The Central Bank of Latvia released Working Paper 3/2025, "Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area," examining the relationship between loan pricing and monetary policy transmission in the euro area.
ResearchLending
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2025-07-25•Latvia•Central Bank of Latvia
The Central Bank of Latvia published Working Paper 3/2025 titled “Details Matter: Loan Pricing and Transmission of Monetary Policy in the Euro Area.”
ResearchLending
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2025-07-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has set the reference interest rate at 11.53% under Article 314A of the Penal Code Law, Cap. 154. Exceeding this rate in financial transactions related to loans or payment terms is an offence, punishable by up to five years' imprisonment or a fine of up to EUR 30,000, or both.
Policy & regulationRules & requirementsFinancial benchmarks
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2025-07-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported an acceleration in deposit inflows and loan growth for June 2025, with total deposits rising by EUR 654.7 million (7.1% annual growth) to EUR 56.6 billion and total loans increasing by EUR 672.3 million (6.8% annual growth) to EUR 26.3 billion. Deposits from Cyprus residents grew by EUR 652.7 million, driven by non-financial corporations and households, while loans to residents increased by EUR 471.1 million, mainly to households and non-financial corporations.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-07-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its third Payment Statistics report for H2 2024, detailing developments in non-cash payment instruments and public use of payment cards and terminals. The report, based on data from Cyprus-resident payment service providers, will be published semi-annually in Greek and English.
Data & statistics
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2025-07-25•West Africa•Central Bank of West African States
The Central Bank of West African States’ Banking Commission imposed disciplinary and pecuniary sanctions on five banks in Benin, Burkina Faso, Niger, Senegal, and Togo for regulatory breaches. Three banks were fined XOF 300 million each, while two received XOF 151 million fines for governance, risk management, and anti-money laundering deficiencies. The penalties were based on second and third category infringements under Instruction No. 006-05-2018.
EnforcementInvestigations & enforcement actionsAML and CFTCorporate governance
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2025-07-25•Peru•Central Bank of Peru
The Central Bank of Peru reported a 9.3% year-on-year expansion in the agricultural and livestock sector for May, attributed to improved climatic conditions. Agricultural activity rose 11.6%, with export production up 33% due to a rebound in olive and avocado harvesting and increased cocoa output. Livestock activity grew 3.3%, driven by a 3.9% increase in poultry production.
Data & statisticsEconomic data and developments
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2025-07-25•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC has concluded its enforceable undertaking with NAB after the bank improved compliance with AML/CTF laws. An independent auditor confirmed NAB's compliance and suggested further enhancements, which NAB agreed to implement. AUSTRAC emphasized that the finalization does not equate to a "clean bill of health," urging NAB to continue strengthening its AML/CTF controls.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-07-25•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) supports law enforcement actions against Adrian Asharyanto Gunadi, former President Director of PT Investree Radhika Jaya, wanted for alleged financial crimes. OJK criticized Qatar's approval of Gunadi as CEO of JTA Investree Doha Consultancy and plans to enhance coordination with law enforcement. Previous measures include revoking Investree's business license, banning Gunadi from controlling roles, and designating him a suspect in an unlicensed fundraising case.
EnforcementInvestigations & enforcement actions
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2025-07-25•Georgia•National Bank of Georgia
The National Bank of Georgia released interactive press releases detailing trends in resident commercial banks' loan portfolios and deposits as of June 2025. These are accessible in the statistics section of its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-25•Georgia•National Bank of Georgia
The National Bank of Georgia conducted training seminars under its Educational Space initiative, focusing on non-bank sector resilience, transparency, and reporting. The sessions provided practical guidance on financial reporting, operational risk reduction, corporate governance, and anti-money laundering measures. Participation increased significantly, with nearly 200 representatives from currency exchange offices attending.
Policy & regulationGuidance & interpretationFinancial literacy and education
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2025-07-25•Georgia•National Bank of Georgia
The National Bank of Georgia welcomed American Express's decision to open its payment scheme in Georgia, allowing access to all eligible financial institutions. American Express plans to collaborate with interested banks for card issuance and acquisition. This development is linked to promoting competition in the payments industry, with Georgia's legislation emphasizing fair access to payment systems.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-07-25•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has intensified efforts to recover penalties, collecting PKR 26 million, or 30% of fines levied in the financial year 2024-25. Recovery actions involve periodic communications, legal proceedings, and collaboration with the Land-Revenue Department and High Courts. Excluded are PKR 334 million in penalties against four unlisted companies for illegal deposit-taking, with recovery proceedings underway.
EnforcementEnforcement statistics
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2025-07-25•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has reiterated the obligation for supervised entities to report ICT-related incidents as per Circular CSSF 25/893 and/or Circular CSSF 24/847, regardless of public or media attention. Entities must review and adhere to the reporting thresholds, timelines, and procedures.
SupervisionRegulatory reportingCyber resilience
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2025-07-25•Lithuania•Bank of Lithuania
The Bank of Lithuania released June 2025 MFI balance sheet and interest rate statistics, highlighting a EUR 337.9 million (0.8%) increase in deposits by Lithuanian residents and a EUR 400.4 million (1.3%) rise in loans. Household deposits grew by EUR 324.8 million (1.3%), while non-financial corporation deposits decreased by EUR 137.0 million (1.3%). Interest rates on new loans and deposits declined, with household loan rates at 5.01% and non-financial corporation loan rates at 4.53%.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-07-25•Lithuania•Bank of Lithuania
The Bank of Lithuania's Q1 2025 Banking Activity Review highlights continued lending growth, increased deposits, and strong capitalisation, despite declining net interest income due to lower rates. Sector profitability remains high, with net profit up 2.7% year on year to EUR 267.3 million, though return on assets and equity have decreased. The review also notes recurring cyberattacks and financial fraud challenges, with banks enhancing ICT risk management under the Digital Operational Resilience Act.
SupervisionRisk monitoring & watch pointsLendingAsset quality
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2025-07-25•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has launched a consultation on reforms to the UK listing regime, proposing a new UK Listing Rules sourcebook and a simplified structure to replace the current premium and standard segments. Key changes include a single "commercial companies" category, removal of certain premium-listing eligibility requirements, and a shift towards a disclosure-based approach for transactions. The proposals also address significant transactions, related party transactions, dual or multiple class share structures, and recalibration of the sponsor regime.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-25•Portugal•Bank of Portugal
The Bank of Portugal released updated June 2025 statistics on loans and deposits for households and companies, showing household credit growth at 7.4% year on year and mortgage lending up 7.3%, the highest since August 2008. Corporate lending increased by 3.6%, the highest since January 2022, while household deposits rose 5.2%, marking an eighth consecutive month of deceleration. The data series were revised back to June 2022 due to improved data sources.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-25•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a central government budget deficit of EUR 564 million for January–June 2025, well below the EUR 2.795 billion target, and a primary surplus of EUR 4.519 billion, exceeding the EUR 2.235 billion target. Net revenues were EUR 34.381 billion, 1.4% above target, driven by higher tax receipts, despite the delayed EUR 1.350 billion concession payment for the Egnatia Odos motorway. Expenditure was EUR 1.746 billion below target due to timing effects, with delayed transfer and defence procurement payments.
Data & statisticsOther
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2025-07-25•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has banned Jes Staley, former Barclays CEO, from senior management roles in financial services and imposed a £1.1m fine, following the Upper Tribunal's support. The case involved misleading statements approved by Staley about his relationship with Jeffrey Epstein, with evidence of continued contact beyond claimed dates. The Tribunal reduced the fine from £1.8m due to Barclays' decision not to allow Staley to receive deferred shares.
EnforcementSanctions & designationsWhistleblowing
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2025-07-25•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau announced the appointment of five new members and the reappointment of 22 members to the Insurance Appeals Tribunal (IAT) for a term from 26 July 2025 to 25 July 2027. The IAT, under the Insurance Ordinance, reviews decisions made by the Insurance Authority, with hearings comprising the chairperson and two ordinary members.
Institutional developmentLeadership change & appointmentsLeadership change and appointments