The Angola Capital Markets Commission has approved the registration of the BFA AM Emerging Income Fund, a closed-end special securities investment fund. The fund aims to generate income and capital growth through long-term exposure to emerging markets, with potential investments outside Angola.
The Angola Capital Markets Commission approved the Jim Simons Commodities – Closed-End Special Securities Investment Fund for public subscription. The fund aims to build a portfolio of assets in the national currency, focusing on short-term interest rate movements, exchange rate variation, and issuer credit quality. Its investment strategy includes money market instruments, debt securities, equities, and other financial instruments.
The Angola Capital Markets Commission has approved the registration of IMCUBA ANGOLA, LDA. as an external auditor (legal entity).
Panama's Superintendency of the Securities Market has launched a consultation to review and update the consolidated text of the Securities Market Law.
South Africa's National Treasury released Finance Minister Enoch Godongwana’s remarks for the G20 Finance Ministers and Central Bank Governors meeting, highlighting fragile global growth, rising debt vulnerabilities, and a USD 4 trillion annual financing gap for Sustainable Development Goals. The agenda includes discussions on global macroeconomic risks, international financial architecture reform, infrastructure finance mobilisation, and challenges to development and growth in Africa, as well as sustainable finance, financial sector issues, and financial inclusion.
Saudi Arabia’s Finance Minister Mohammed Aljadaan will lead the Kingdom’s delegation, including Saudi Central Bank Governor Ayman Al-Sayari, to the G20 Finance Ministers and Central Bank Governors meeting in South Africa on July 17-18. The meeting will address global economic developments and financial stability, with participation from G20 finance ministers, central bank governors, and international financial organisations.
The Central Bank of Colombia released Draft Regulation PR-DEFI-025 for public consultation, suggesting changes to External Resolution No. 3 of 2000 regarding mandatory investments in Títulos de Desarrollo Agropecuario (TDA).
The Central Bank of Bolivia reported that demand for the Bono BCB Bicentenario has driven total placements above BOB 102 million as of 15 July, with La Paz accounting for 77.0% of placements. The bond offers a 9.75% fixed annual rate plus a variable return indexed to the international gold price, potentially reaching a total return of 14.75%. Available until 31 August 2025, the bond can be purchased by individuals through the central bank's website and partner financial institutions.
The Australian Securities & Investments Commission (ASIC) fined Sky Money Pty Ltd and Smart Financial Capital Pty Ltd AUD 31,300 each for allowing unregistered advisers to provide personal advice to retail clients. Both firms registered the advisers and self-reported the breaches, which ASIC considered in its enforcement. ASIC emphasized that advisers must be registered before giving personal advice, noting five infringement notices issued in 2025 for similar breaches. Payment of the notice does not imply guilt or liability.
The Australian Securities & Investments Commission (ASIC) cancelled seven Australian credit licences and suspended one for not maintaining mandatory membership with the Australian Financial Complaints Authority (AFCA). This occurred between 24 March and 11 July 2025, affecting entities like Glove Finance Pty Ltd and Capital House Pty Ltd. ASIC also noted failures in lodging annual compliance certificates, paying industry funding levies, and ceasing credit activities. Affected licensees may appeal to the Administrative Review Tribunal.
The Australian Competition and Consumer Commission granted interim authorisation for Australian Payments Network Limited to maintain certain regulatory provisions while assessing its reauthorisation application, as the current authorisation expires on 1 August 2025.
The Central Bank of Algeria issued Instruction No. 05-2025, setting the foreign exchange travel allowance for resident national citizens at EUR 750 for adults and EUR 300 for minors, effective 20 July 2025. The bank has coordinated operational arrangements to ensure smooth distribution.
Mozambique's Ministry of Finance held a seminar in Inhambane to educate non-financial businesses on anti-money laundering and counter-terrorist financing. Part of efforts to exit the Financial Action Task Force grey list, it addressed grey-listing's impact on investor confidence and currency circulation, emphasizing improved supervision of sectors like casinos, bureaux de change, and real estate to prevent illicit funds.
The Ukraine National Commission on Securities and Stock Market announced the commencement of the new grain exchange trading season, with initial contracts already concluded on the Ukrainian Universal Exchange. An early deal involved 100 tonnes of new-crop wheat valued at over UAH 800,000. The Commission emphasized exchange trading's role in fair pricing, risk reduction, and transparency, while promoting compliance and modern technologies.
Angola's Ministry of Finance noted the insurance sector's stable claims ratio and transformation due to strengthened AML/CFT and governance expectations. Recent legislative updates include amendments to Law 5/20 and Law 18/22, affecting AML/CFT obligations and insurers' structures. The pending publication of amended Notice 3/21 was noted as a forward-looking step.
The Central Bank of Peru reported a 17% year-on-year increase in non-traditional exports for May, driven by a 21.5% rise in exported volumes from fisheries and agriculture. Non-traditional exports reached USD 8.698 billion from January to May 2025, marking a 24% increase from the same period in 2024. Peru led regional growth in non-traditional exports over the past 12 months at 22.4%, surpassing Colombia, Chile, Mexico, and Brazil.
AUSTRAC has released its 2025–26 regulatory priorities, emphasizing an outcomes-focused approach in the anti-money laundering and counter-terrorism financing framework. The strategy prioritizes sector-level risk assessments, particularly in cash and digital currencies, and outlines expectations for current and tranche 2 reporting entities to enhance controls and compliance by mid-2026. AUSTRAC plans to support these efforts with tailored guidance, education, and direct sector communications.
Ecuador's Superintendence of Banks launched a modernization project to enhance supervisory and risk-control mechanisms for money laundering, focusing on politically exposed persons. Supported by the U.S. Embassy and the Organization of American States, the initiative includes an interoperable technology platform with advanced analytics and financial crime prevention tools. The project aims for widespread adoption of the PEP query platform and improved information sharing.
Indonesia’s Financial Services Authority (OJK) issued three circular letters to enhance transparency and accountability in the insurance, guarantee, and pension fund sectors. These include updated reporting requirements for pension funds and insurance intermediaries, and detailed rules on competency certification for industry staff. Affected entities must adjust internal policies to comply, with OJK overseeing implementation.
The Insurance State Supervision Service of Georgia presented its 2024 insurance sector report and 2025-2029 development strategy to the Supervisory Board, noting 18% market growth in 2024 and increases in insurers' assets and net profits. Medical insurance was identified as the largest segment, comprising 42% of the market, with plans to introduce voluntary private pension schemes in 2025. The meeting included board members, ministers, and representatives from the Business and Employers’ Associations.
The National Bank of Georgia and China's Cross-Border Interbank Payment System (CIPS) discussed enhancing Georgian financial institutions' access to CIPS's global payment network. The meeting, following a memorandum with the People’s Bank of China, focused on improving payment connectivity and Georgia's role in the Middle Corridor. CIPS, with over 4,700 participating banks globally, aims to streamline transactions between Georgia and China.
The Algeria Market Authority approved BASA ALGERIE SPA’s information memorandum for a DZD 200 million participatory securities issuance aimed at professional investors, including institutional and qualified investors.
The Algeria Market Authority's new organization of services has been published in Official Gazette No. 45 under Regulation No. 25-03 dated March 26, 2025.
The People's Bank of China and the Ministry of Agriculture and Rural Affairs issued guidance to enhance financial services for rural reform and revitalisation, focusing on increased financial resource allocation to priority rural areas. Key measures include expanded credit support for grain security, rural infrastructure, and agricultural technology, alongside new collateral approaches and rural revitalisation bonds. The guidance also emphasizes improved credit management and reforms for rural credit unions and village banks.
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released a framework on market conduct and complaints management for insurers and pension fund managers. The rules extend to cross-border occupational pension institutions and require board-approved procedures, a central complaint-handling function, and structured supervisory reporting. Firms must assign board-level responsibility for market conduct and ensure periodic internal audits, with phased implementation provisions for governance and reporting requirements.
The Financial Conduct Authority (FCA) proposes regulating unregulated Buy Now Pay Later (BNPL) lending by 2026, aligning protections with consumer credit regulations. Lenders must assess borrower affordability, support customers in financial difficulty, and ensure access to the Financial Ombudsman Service for disputes. The FCA will rely on existing requirements, including the Consumer Duty, and implement a temporary permissions regime for the transition to full authorisation.
Bolivia's Financial System Supervisory Authority reported mid-year financial indicators, with credit outstanding at BOB 226.721bn, a 4.4% increase from the previous year, and deposits at BOB 224.106bn, up 1.3%. The non-performing loan ratio remained stable at 3.2%, while the capital adequacy ratio was 14.6%. Sector profits rose 29.2% to BOB 1.140bn, with liquid assets at BOB 71.151bn and a liquidity ratio of 63.2%.
The Hong Kong Securities and Futures Commission announced that the Market Misconduct Tribunal found Cynthia Chen Si Ying and her associate Wen Lide guilty of insider dealing in Asiasec Properties Limited shares, ordering disgorgement of over HKD 1 million in illicit profits. Chen was disqualified from managing any listed corporation in Hong Kong for four years, and both were subjected to cold shoulder and cease and desist orders. The Tribunal also recommended disciplinary action against Chen by the Hong Kong Chartered Governance Institute.
The Bank of France's 2024 report on regulated savings highlights continued household use of products like Livret A and the Popular Savings Booklet (LEP) amid slowing inflation and adjusted remuneration rates. Net flows into regulated savings reached EUR 20.1bn, with Livret A accounting for EUR 432bn of outstandings. The report also notes EUR 21bn in new loans for social housing and EUR 240bn in loans supporting energy transition, with the household saving rate at 18% of disposable income.
The International Association of Insurance Supervisors, G20 South African Presidency, and World Bank Group hosted a G20 side event on natural catastrophe insurance protection gaps and disaster risk mitigation. The event highlighted a 62% global protection gap in 2023, with higher rates in emerging markets, and advocated for public-private partnerships, parametric insurance, and regional risk pooling. An IAIS-World Bank Group input paper will be published next week to guide jurisdictions on these issues.
The Cyprus Securities and Exchange Commission (CySEC) announced that the Administrative Court annulled its 2017 sanctions against Ioannis and Amalia Vardinoyiannis related to their share acquisition in Sea Star Capital Plc. The court found procedural issues, specifically improper board composition during a critical meeting, leading to the annulment of fines totaling EUR 6,438,300.
The Cyprus Securities and Exchange Commission's appeal was dismissed by the Supreme Constitutional Court, which upheld the annulment of a EUR 45,000 fine against Stavros Hadjikyriakos. The fine, originally imposed for breaches of investment law, was annulled due to the unlawful composition of CySEC's Board at the time. The court found the appointment of a CySEC Board member by the Council of Ministers to be improper and invalid.
The Central Bank of the Republic of Uzbekistan signed a Memorandum of Understanding with Tashkent State University of Economics and Westminster International University in Tashkent to foster academic cooperation and talent development. The agreement includes opportunities for master's and PhD students, collaborative research, internships, and expert-led seminars.
The National Bank of the Republic of Tajikistan reviewed the insurance sector's performance, setting priorities to enhance supervision and digitisation, aligning with international standards. Regulatory acts were drafted under the Law on Insurance Activity, addressing reserve funds, policy information, financial statement deadlines, and account descriptions. The bank is also developing a "Unified Electronic Insurance System" to digitise operations and improve service quality.
Eurosif has launched the Eurosif Club to unite European companies in sustainable finance, promoting EU sustainable finance rules. The club serves as a forum for discussing sustainable finance requirements, implementation issues, and regulatory changes amid the European Commission's Omnibus programme. Initial partners include Amundi, Astra Diligence, Deloitte (Luxembourg), Generation Impact Global, Mirova, Pax Asset Management, and Tauw.
The U.S. Senate Committee on Banking, Housing and Urban Affairs announced the passage of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, co-sponsored by Senate Banking Committee Chairman Tim Scott. The Act establishes a regulatory framework for payment stablecoins focusing on consumer protection and national security. It is the first bipartisan digital assets legislation to pass both the Senate and the House. Led by Senator Bill Hagerty, the bill was advanced by the Senate Banking Committee in March and passed by the Senate on June 17, 2025, with President Trump endorsing it.
Senator Elizabeth Warren urged the Financial Stability Oversight Council (FSOC) to conduct a stress test on nonbank financial institutions' private credit exposures, highlighting risks such as opacity and liquidity in the USD 1.7 trillion private credit market. She also requested credit rating agencies to clarify their business practices and rating methodologies for private credit products.
The Bank of Spain reported that the Spanish general government debt ratio was 102.3% of GDP in May 2025, a decrease of 2 percentage points from the previous year. In absolute terms, debt rose to EUR 1.663 trillion, a 3.5% increase year on year. State debt increased by 4.4% to EUR 1.509 trillion, while social security debt rose by 8.6% to EUR 126 billion, attributed to State loans to the General Treasury of Social Security.
Waleed Saeed Al Awadhi, CEO of the UAE Securities & Commodities Authority, has been elected chair of the International Organization of Securities Commissions’ Africa and Middle East Regional Committee. In this role, he will focus on enhancing cross-border regulatory cooperation and investor protection. The appointment underscores the UAE's leadership in regional capital market development.
The Central Bank of the Philippines highlighted Governor Eli M. Remolona, Jr.'s remarks at the 5th BSP International Research Fair, emphasizing central bank research's role amid global economic fragmentation. The event addressed challenges from shifting trade dynamics, geopolitical tensions, and supply chain disruptions, urging updates to policy frameworks and analytical models. Research from various central banks and institutions was presented to over 100 attendees.
The German Bundesbank's 2024 statistics show continued banking sector consolidation, with a net reduction of 35 credit institutions to 1,368 and an 8.4% decline in domestic branches to 17,870. Mergers, especially in the cooperative sector, drove exits, while major banks like Deutsche Bank reduced branch networks. Internationally, German banks saw a slight decrease in majority-owned foreign subsidiaries to 73, while foreign branches increased by 5.4% to 271, mainly in Europe.
The German Bundesbank's Q1 2025 sectoral financial accounts show German households' financial wealth remained stable, shifting towards liquid, short-term deposits amid economic uncertainty. Non-financial corporations' external financing rose to EUR 56 billion, driven by increased borrowing and net debt securities issuance. The Bundesbank noted recent revisions to financial and national accounts affect comparability with previous data.
The Vietnam State Securities Commission's Technology and Digital Transformation Department is seeking price quotations from providers to assist in preparing an investment policy proposal report for an IT system to enhance the Commission's management and supervision.
The Vietnam State Securities Commission has released an implementation plan to establish central counterparty clearing and settlement for cash securities market transactions. The CCP model is targeted for deployment in 2027, pending approval from the Ministry of Finance's leadership.
The Vietnam State Securities Commission has issued a notice requiring individuals listed to pay a statutory fee of VND 1,000,000 for securities practising certificates, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the authority, with specific transfer details required. Failure to complete the procedure within one year will result in certificate cancellation.
The National Bank of Serbia reported a 24.6% increase in first-quarter 2025 transactions for its IPS NBS instant payment system, totaling 24.4 million payments and RSD 294.6 billion in value, a 40.1% rise year on year. The system supports various payment methods, including QR-based and mobile number transfers, with tools for QR code generation and validation. Daily transaction volumes reached new records, with significant increases in average daily payments compared to Q1 2024.
The Central Bank of the Republic of Azerbaijan and the Abu Dhabi Global Market Financial Services Regulatory Authority have signed a memorandum of understanding to enhance cooperation in financial technologies, services, and capital markets. The agreement facilitates information exchange, training, and joint initiatives to study international practices and apply advanced regulatory approaches.
The Guernsey Financial Services Commission announced that the UN Security Council Committee has added Gran GRIF and Viv ANSANM to its sanctions list under Resolution 2653. This update is effective in the UK and Guernsey under the Haiti (Sanctions) Regulations 2020. Businesses must freeze relevant assets and report any findings to the States of Guernsey Policy & Resources Committee, ensuring compliance with statutory reporting obligations.
The Philippine Securities and Exchange Commission issued Memorandum Circular No. 8, Series of 2025, introducing discounted filing fees for MSMEs on corporate registration, capital stock amendments, and securities registration. Discounts range from 20% to 50% and are available until specified dates in 2025 and 2026, with eligibility based on asset-size classifications under Republic Act No. 9501. The circular also references previous measures to reduce corporate data request fees and enforce strict application processing timelines.
The World Federation of Exchanges has called on policymakers, regulators, and market participants to focus on revitalizing public markets, as global initial public offerings have hit a five-year low. It plans a multi-year campaign to address structural issues, including aligning public and private markets, exploring incentives for IPOs, and reducing market fragmentation, with a particular emphasis on EMEA and Asia-Pacific regions.
The Islamic Financial Services Board (IFSB) hosted a working visit from the Central Bank of the Republic of Uzbekistan to discuss leveraging IFSB standards for developing Uzbekistan's Islamic banking sector. Discussions focused on adapting standards to local needs and exploring strategic cooperation opportunities. The visit marks a step towards deeper institutional collaboration following Uzbekistan's 2024 membership in the IFSB.
The Prudential Regulation Authority (PRA) issued Statement of Policy 3/25 on assessing applications for rule modifications under section 138BA of the Financial Services and Markets Act 2000, focusing on Own Funds (CRR) provisions. The policy outlines discretionary permission criteria, including factors for Common Equity Tier 1 classification and non-cash distributions, effective from 1 January 2026. It excludes credit unions and third-country branches, emphasizing prompt notification of changes affecting compliance.
The Prudential Regulation Authority (PRA) has finalized a policy statement incorporating key Capital Requirements Regulation (CRR) provisions into the PRA Rulebook, updating external credit assessment institution (ECAI) rating mappings, and amending securitisation supervisory expectations. Effective 1 January 2026, these changes apply to PRA-authorised banks, building societies, investment firms, relevant holding companies, and UK Solvency II firms. The statement includes adjustments for proportionality and transparency, updates to ECAI mappings, and new expectations for securitisation risk transfer transactions.
The Central Bank of the Republic of Kosovo hosted Burkhard Balz from the German Bundesbank to deepen cooperation on reserve management, operational cooperation, and capacity building. Discussions included Kosovo's financial-sector reforms and its commitment to joining the Single Euro Payments Area, with expectations for continued support from European partners. Both parties acknowledged ongoing assistance under the EU-funded Central Bank Capacity Building Programme in the Western Balkans and expressed interest in further collaboration.
The Reserve Bank of Fiji, with international partners, launched the Fiji Innovation Hub to support entrepreneurs in developing inclusive financial solutions, aligned with Fiji’s National Financial Inclusion Strategy 2022–2030. Funded by the Pacific Digital Economy Programme, it will initially focus on financial inclusion challenges through an accelerator programme and hackathon, with plans to expand into new innovation areas over the next five years.
The UK Economic Secretary to the Treasury has reappointed Marjorie Ngwenya as an external member of the Bank of England’s Prudential Regulation Committee for a three-year term starting 5 September 2025. Ngwenya, with a background in actuarial leadership and executive roles in South Africa, will continue contributing to the committee responsible for key decisions affecting the Prudential Regulation Authority.
The Alberta Securities Commission issued a Notice of Hearing against CatalX CTS Ltd., former CEO Hyuek Jae Park, and former CFO Jae Ho Lee for alleged breaches of Alberta securities laws, including fraud. Allegations include Lee's improper withdrawal of at least CAD 14,030,000 in client crypto assets and misappropriation of fiat currency deposits. The ASC collaborated with the British Columbia Securities Commission, the Financial Transactions and Reports Analysis Centre of Canada, and the Financial Market Authority Liechtenstein.
The Central Bank of Russia has issued new rules for calculating capital adequacy ratios, effective 18 August 2025, under Instructions No. 220-I and No. 221-I. Universal licence banks must adopt a more risk-sensitive approach, while basic licence banks and non-bank credit institutions will continue with the standard approach. Changes include refined borrower classification criteria, differentiated risk weights based on credit ratings, and measures targeting credit concentration and mortgage risk weights.
The Central Bank of Russia updated the criteria for obtaining qualified investor status, introducing an income-based route and revising education and certification pathways. An annual income of RUB 12 million now qualifies independently, or RUB 6 million when combined with other criteria. The property threshold remains at RUB 12 million, increasing to RUB 24 million in 2026, with reduced amounts when combined with other criteria.
The U.S. Financial Services Committee’s Subcommittee on Housing and Insurance held a hearing on bipartisan solutions to the housing shortage, focusing on modernizing the HOME Investment Partnerships Program. Discussions highlighted its role as gap financing with the low-income housing tax credit and the impact of regulatory burdens on costs and timelines. Testimony emphasized HOME's economic impact, noting the production or preservation of 1.4 million affordable units and significant job creation and local income generation.
The U.S. House Committee on Financial Services passed three digital asset-related bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. The CLARITY Act establishes a regulatory framework for digital assets, the GENIUS Act provides clarity for payment stablecoins, and the Anti-CBDC Act prohibits creating a U.S. central bank digital currency. Chairman French Hill anticipates collaboration with the Senate and President Trump for enactment and implementation.
The U.S. Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing on CFIUS, emphasizing its role in balancing national security with open investment. Discussions highlighted the economic impact of foreign investment and concerns over the Biden-era Outbound Investment Rule's lack of clarity, increasing compliance risks. Witnesses advocated for a security-focused, evidence-based process and clearer definitions within the Outbound Investment Security Program.
The Federal Deposit Insurance Corporation proposed raising and indexing certain asset-based and numerical regulatory thresholds to prevent inflation from expanding requirements' scope. The proposal targets thresholds related to audit, internal control, audit committee composition, and reporting frameworks, increasingly affecting smaller institutions. The FDIC is also evaluating other thresholds, including those in the continuous examination program and the USD 10 billion large bank deposit insurance pricing scorecard.
The Central Bank of Sri Lanka issued macroprudential Directions under the Central Bank of Sri Lanka Act, setting maximum loan-to-value (LTV) ratios for motor vehicle credit facilities, effective 18 July 2025. LTV caps vary by vehicle type and registration status, with specific percentages for commercial vehicles, motor cars, SUVs, vans, three-wheelers, and others. Transitional provisions apply to letters of credit opened before the effective date, with distinct caps for electric and hybrid vehicles.
Federal Reserve Board Governor Lisa D. Cook discussed AI as a transformative technology affecting employment and price stability, clarifying its limited role in monetary policymaking. She emphasized principles for responsible AI adoption, including governance, privacy safeguards, and a culture of experimentation. Cook highlighted Federal Reserve research using AI tools and noted potential economic impacts, such as productivity gains and inflationary pressures.
Federal Reserve Board Governor Adriana D. Kugler addressed housing affordability issues and inflation risks, advocating for maintaining the current policy rate to stabilize long-term inflation expectations. She noted cooling rent inflation from increased multifamily construction but emphasized ongoing affordability pressures, especially for lower-end rentals. Kugler also highlighted stable labor market conditions but warned of potential inflation acceleration due to tariff impacts and geopolitical risks.
The National Commission for Financial Markets (CNPF) has published an overview of a new law enhancing financial consumer protection and expanding financial services providers' responsibilities. The law grants CNPF new supervision and enforcement tools, including oversight of consumer-credit debt collection and conduct of financial intermediaries, and introduces mandatory complaints handling procedures. Additional reforms align consumer-credit rights, require internal restructuring policies for creditors, and impose new insurance contract requirements.
U.S. Securities and Exchange Commission Chair Paul S. Atkins commended the House of Representatives for passing the GENIUS Act, which establishes a regulatory framework for payment stablecoins. Atkins emphasized the need for clear regulations for blockchain and crypto asset technologies and anticipates the market will adopt the framework to develop stablecoin solutions with strong risk safeguards.
The State Bank of Vietnam has restructured the management area of its Region 11 branch and announced leadership changes, appointing Nguyen Tra Duong and Hoang Linh as Deputy Directors. Deputy Governor Doan Thai Son led discussions with local credit institutions to address operational challenges and pledged VND 3 billion to support housing improvements in Dak Lak province.
The State Bank of Vietnam and the World Bank discussed cooperation priorities, including policy advice, technical assistance, and project financing, focusing on a USD 1.52 billion loan project portfolio for fiscal year 2026. They addressed ongoing legal reforms related to public investment and external borrowing and reviewed a new technical assistance project. The World Bank committed to supporting Vietnam's prioritized projects for fiscal years 2027–2029.
The State Bank of Vietnam announced personnel changes for its Region 10 office, appointing Vo Van Thanh and Pham Thanh Tinh as deputy directors and transferring four deputy department heads from Region 11. Region 10 oversees monetary, banking, and foreign-exchange activities in Khanh Hoa and Lam Dong, with deposits and outstanding credit rising significantly in the first half of 2025. Deputy Governor Doan Thai Son emphasized stabilizing the structure, enhancing coordination with local authorities, and strengthening oversight of credit institutions.
The Office of the Comptroller of the Currency (OCC) announced its July 2025 enforcement actions, including Orders of Prohibition against four former bank employees for various offenses, such as unauthorized withdrawals and ATM theft. Additionally, the OCC terminated a cease-and-desist order against GN Bank concerning previous unsafe practices.
The Alberta Securities Commission issued a Notice of Hearing against CatalX CTS Ltd., CEO Hyuk Jae Park, and CFO Jae Ho Lee, alleging fraud and breach of a written undertaking. Lee is accused of improperly withdrawing at least CAD 14,030,000 of clients' crypto assets and misappropriating fiat currency deposits. The firm allegedly failed to notify the ASC of the fraud promptly and lacked adequate policies to prevent employee misappropriation of client assets.
The Alberta Securities Commission issued a Notice of Hearing against CatalX CTS Ltd., CEO Hyuek Jae Park, and former CFO Jae Ho Lee for alleged breaches of Alberta securities laws. Allegations include Lee's fraudulent withdrawal of at least CAD 14,030,000 in client crypto assets and misappropriation of fiat currency, with Catalyx failing to report the fraud and manage risks effectively. A hearing date will be set on September 15, 2025, in Calgary.
The Alberta Securities Commission issued a Notice of Hearing against CatalX CTS Ltd, Hyuek Jae Park, and Jae Ho Lee, alleging fraud and non-compliance during Catalyx's registration review as a crypto asset trading platform. Allegations include Lee's improper withdrawal of at least CAD 14,030,000 in client crypto assets and misappropriation of fiat deposits, with Park allegedly aware of the fraud by November 2023 but failing to report it promptly. The allegations remain unproven, and a hearing date is set for 15 September 2025.
The Bank of Korea released the preliminary Korean National Balance Sheet for 2024, estimating the total economy's net worth at KRW 24,014.6 trillion, a 5.3% increase from the previous year.
The National Bank of Moldova's Governor Anca Dragu met with Japan’s Ambassador Yamada Yoichiro to discuss enhancing bilateral relations and Moldova’s EU accession efforts through financial system alignment with European standards. The discussions highlighted Moldova's acceptance into the Single Euro Payments Area as a significant step in European integration and ongoing cooperation with Japan, including the "Development Policy for Economic Recovery."
The National Bank of Moldova and Romania's Minister of Investments discussed Moldova's EU accession, focusing on financial stability, banking infrastructure modernization, and legislative alignment with EU standards. Key topics included international supervisory standards, digital financial services, and integration into the Single Euro Payments Area (SEPA). They emphasized institutional capacity-building for EU fund absorption and dialogue with the National Bank of Romania.
The National Bank of Moldova has released a draft decision to amend its Regulation on the required reserves regime, affecting reporting, settlement, and remuneration processes, including provisions for negative rates. Key changes include a shortened reporting deadline, a new remuneration formula, and updated supervision and enforcement measures. The draft also introduces a framework for applying the regime during bank mergers and demergers.
The Pensions Regulator (TPR) released its 2025/26 Corporate Plan, focusing on improved trusteeship, investment governance, and value for savers, while addressing the Pension Schemes Bill's market impact. Key initiatives include "value for members" assessments for smaller schemes, a value for money framework for defined contribution schemes, and enhanced supervision of master trusts and professional trustee firms. TPR's annual report highlights meeting most performance indicators, except for cyber risk management, which is being addressed with cybersecurity experts.
The ADGM Financial Services Regulatory Authority signed a Memorandum of Understanding with the Central Bank of the Republic of Azerbaijan to enhance cooperation in financial technologies, services, and capital markets. The agreement establishes a framework for information exchange, supervisory experience sharing, and collaborative activities like training and research, aligning with ADGM FSRA's strategy to foster international regulatory partnerships and promote global standards.
The Eastern Caribbean Central Bank and the World Bank signed a USD 115 million concessional financing package for Phase One of the Caribbean Resilient Renewable Energy Infrastructure Investment Facility, involving Grenada, Saint Lucia, Saint Vincent and the Grenadines, and the Eastern Caribbean Partial Credit Guarantee Corporation. Led by ECCB, it aims to provide technical support, risk mitigation, and funding for grid modernization and emergency response. Phase Two includes Saint Christopher (St Kitts) and Nevis and the Commonwealth of Dominica, supported by project preparation grants.
The Panama Superintendency of the Securities Market has modified the connection settings for its System for Submission of Information (SERI), removing the IP-based regional restriction. This change allows regulated entities to access SERI from outside Panama without prior authorization or additional procedures.
The Spanish Securities Commission (CNMV) released its 2024 supervisory overview of suspicious transaction and order reports (STOR), noting a 13.5% increase in notifications, mainly concerning equity instruments and suspected insider dealing. The CNMV emphasized effective detection and reporting frameworks, timely STOR submission referencing the EU's 60-day benchmark, and improved report quality, with medium-high quality rising to 62%. It stressed calibrating alerts to trading patterns and ensuring adequate human analysis and staff training.
The Central Bank of Cyprus released its 2024 Financial Stability Report, evaluating the stability of Cyprus's financial system. The report highlights medium-term risks, sector resilience, and macroprudential policy actions.
Mexico’s National Banking and Securities Commission (CNBV) reported the multiple banking sector's capital adequacy indicators as of end-May 2025, with an overall capitalisation index (ICAP) of 19.82%. The Basic Capital Ratio (CCB) was 17.91%, and the Core Capital Ratio (CCF) was 16.55%.
The Central Bank of Luxembourg released its third report on climate-related financial disclosures for its non-monetary policy portfolios. The 2025 report is available in English.
The National Bank of Ukraine secured nearly EUR 1.5 billion at the Ukraine Recovery Conference 2025 for businesses, municipal projects, and energy investments. Key transactions include European Bank for Reconstruction and Development guarantees for PrivatBank and Ukrgasbank, and European Investment Bank agreements with Ukrgasbank. Additional deals involve Ukreximbank, Oschadbank, Credit Agricole Ukraine, Bank Lviv, Kredobank, Piraeus Bank, and a KfW grant for an SME Resilience Facility.
The Central Bank of Cyprus reported a slight decrease in the non-performing loans (NPLs) ratio to 6.1% as of 31 March 2025, down from 6.2% at the end of December 2024. This improvement is due to repayments, positive movements in NPL categories, write-offs, and exchange rate fluctuations. The coverage ratio for non-performing exposures (NPEs) increased to 60.5%, with total restructured loans at EUR 1.3 billion, of which EUR 0.7 billion remain in NPEs.
The Central Bank of Cyprus reported a decline in banking sector profitability by EUR 82 million in Q1 2025, attributed to lower net interest income. Total assets increased by EUR 422 million, driven by higher loans and advances and debt securities. The Common Equity Tier 1 (CET1) ratio improved by 1.3 percentage points to 26.0%, due to reduced total risk exposure.
The Spanish Securities Commission (CNMV) issued Circular 3/2025, updating reporting requirements for collective investment institutions and venture capital entities to align with the European Central Bank’s Regulation (EU) 2024/1988. The circular introduces new statistical statements, including a return on participants (OIF7), and establishes criteria for size-based exemptions. It repeals Circulars 5/2014 and 5/2008, effective 1 December 2025.
Australia's Council of Financial Regulators and the Australian Competition and Consumer Commission released a consultation paper on a potential regulatory framework for cash distribution, emphasizing cash's ongoing importance and challenges in rural areas. Stakeholder feedback is sought by 15 August 2025.
The Ukraine National Commission on Securities and Stock Market approved amendments to market rules and issued determinations for corporate bonds and investment fund shares. It terminated certain remedial orders related to capital markets and AML/CFT violations and confirmed FC GARANT CAPITAL LLC's compliance with Cabinet of Ministers Resolution No. 76. The Commission also registered corporate bonds for AZURRO FINANCE LLC and YAVIR-INVEST LLC, and share issuances for several investment funds.
The Central Bank of Peru has issued a PEN 1 coin featuring the Vicús culture as part of its “Pre-Columbian Peruvian Ceramics” series. This legal tender coin, minted in alpaca alloy, is the third in an 11-coin collection promoting Peru’s cultural heritage. Presentation cases are available for purchase exclusively through the central bank’s online portal.
The Central Bank of Costa Rica has launched a redesigned Economic Indicators website, enhancing access to over 9,000 statistical series with tools for customised chart creation and data downloads. The platform introduces user registration for saving preferences, data-integration tools for app development, and a real-time "most consulted" section. It will run alongside the previous version during a transition period, with a mobile app forthcoming.
The National Bank of Georgia announced a new partnership between The Bank of New York Mellon Corporation and Basisbank JSC, enhancing Basisbank's global correspondent banking network. This collaboration aims to streamline international USD transfers and payments, improving transaction efficiency for Basisbank customers.
The Securities and Exchange Commission of Pakistan (SECP) released a White Paper on transitioning public pensions to a defined contribution system under the Voluntary Pension System framework. Following a national workshop, it outlines policy recommendations for a coordinated rollout, including finalising the pension scheme framework and amending labour laws. It highlights provincial reforms, such as Khyber Pakhtunkhwa's and Punjab's initiatives, and emphasizes the need for transparency and sustainability.
The National Association of Insurance Commissioners announced that the South Dakota Division of Insurance has adopted State Based Systems (SBS), becoming the 36th member to do so. SBS facilitates comprehensive insurance regulatory workflows, including licensing, complaints, and enforcement actions, and integrates with the National Insurance Producer Registry.
The European Banking Authority has released a new chapter of its Union resolution Handbook, detailing a framework for resolution authorities to conduct structured simulation exercises. It introduces a common taxonomy and defines six core exercise types, including end-to-end simulations for real-world scenarios. The chapter provides operational guidance on planning, executing, and evaluating these exercises.
The Bank of Portugal's updated securities statistics for June 2025 show an increase in the outstanding amount of debt securities issued by resident entities to EUR 317.6bn, up EUR 2.5bn from end-May. Listed shares rose to EUR 68.4bn, with a EUR 515m monthly increase. Notably, general government debt securities totalled EUR 191.4bn, representing 60.3% of resident-issued debt securities, while ESG-labelled debt securities fell to EUR 14.4bn due to redemptions exceeding issuance.