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2025-07-10•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 7.1% year-on-year increase in net foreign direct investment (FDI) inflows to USD 610 million in April 2025, driven by a 24.3% rise in nonresident debt instrument investments. However, net investments in equity capital excluding reinvested earnings plummeted by 94.1% to USD 4 million. Cumulatively, net FDI inflows from January to April 2025 fell by 33.4% to USD 2.4 billion, with the central bank highlighting differences in reporting standards compared to other sources.
Data & statisticsBalance of payments and other external statistics
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2025-07-10•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) supports the formation of the New Zealand Anti-Scam Alliance to combat scams, aligning with its regulatory priorities. Over the past year, the FMA issued 110 new warnings, updated existing ones, identified numerous suspicious websites, and took action against them, disseminating warnings through various channels including the International Securities & Commodities Alerts Network (I-SCAN).
SupervisionCooperationFraud and scams
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2025-07-10•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed individuals listed in an accompanying notice to pay a statutory fee of VND 1,000,000 for the issuance of a securities practicing certificate, as per Ministry of Finance Circular 25/2022/TT-BTC. Payment can be made via bank transfer or in person, with specific identification details required. Failure to complete the procedure within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-07-10•Serbia•National Bank of Serbia
The National Bank of Serbia clarified that Serbia's external debt includes only liabilities to the rest of the world, not domestic debts. As of March 2025, external debt was EUR 49.0 billion, or 58.6% of GDP, with public sector debt at EUR 26.4 billion and private sector debt at EUR 19.1 billion. The bank highlighted that debt to the International Monetary Fund (IMF) was EUR 2.4 billion, with significant portions in Eurobonds and borrowing from international financial institutions.
Policy & regulationGuidance & interpretationBalance of payments and other external statistics
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2025-07-10•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Circular Letter CVM/SEP 3/2025 detailing enhancements to the Empresas.Net system for issuer filings. Updates include changes to the Reference Form and Traded and Held Securities Form, as well as new support materials for document submissions. These enhancements aim to improve the submission process for publicly held companies and registered foreign issuers.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-07-10•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has approved an addendum to its 2022 cooperation agreement with BSM Supervisão de Mercados, enhancing coordination of supervisory activities for public offerings on the B3 exchange. Key changes include biweekly meetings, expanded datasets for CVM, and a new mechanism for data requests to improve supervisory information exchange.
SupervisionCooperationCross-border cooperation
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2025-07-10•Oman•Oman Financial Services Authority
The International Association of Insurance Supervisors (IAIS) completed a Member Assessment Program on Oman, finding its insurance regulatory framework largely compliant with Insurance Core Principles. Oman is the fifth jurisdiction assessed, following Guernsey, Morocco, Mexico, and Albania. The Oman Financial Services Authority welcomed the findings and emphasized its commitment to global supervisory standards.
SupervisionPeer reviews and country evaluationsSupervision process and methodologies
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2025-07-10•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission issued the first licences for takaful window operations to Pru Life U.K. and Etiqa, marking a significant step in the domestic rollout of Shari’ah-compliant insurance. This initiative aligns with the National Strategy for Financial Inclusion 2022–2028 and aims to bolster the Philippines’ Islamic finance ecosystem.
SupervisionAuthorisations & approvalsFinancial inclusion
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2025-07-10•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands announced regulatory actions in response to new fees by the Bank of South Pacific Financial Group Limited, Solomon Islands Branch, citing customer grievances and invoking the CBSI Act 2012 and Financial Institution Act 1998. It emphasized the requirement for effective complaints handling by banks and advised customers to escalate unresolved issues to the Central Bank.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-07-10•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) has charged Usman Asif with fraud and breaching a cease trade order related to his role at Lendle Corporation. Asif allegedly issued a promissory note to All Ships Investors Incorporated while under a cease trade order, using the CAD 315,000 investment for personal expenses. The OSC Tribunal found Asif and his companies guilty of fraud, leading to a permanent trading ban in June 2024.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-07-10•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC announced that the Department of Justice has indicted Maria Francesca Tan Group of Companies, Inc., Foundry Ventures I, Inc., and their officers for unauthorized investment solicitation. Charges include violations of the Securities Regulation Code related to unregistered securities, fraud, and failure to register as brokers or dealers. The SEC's complaint, initiated in April 2024, highlighted an alleged Ponzi scheme and implicated Isla Lipana & Co. (PwC Philippines) and its auditors for purportedly validating false financial statements.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-07-10•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Filinvest Development Corporation's registration for a preferred share offering of up to PHP 8 billion, pending compliance with remaining requirements. The offering includes up to eight million perpetual, cumulative, non-voting, non-participating, non-convertible, redeemable, and re-issuable shares priced at PHP 1,000 each. Proceeds are earmarked for refinancing, capital expenditures, and general corporate purposes, with BPI Capital Corporation as sole issue manager among joint lead underwriters.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-10•Global•Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures (TNFD) proposed to the EFRAG Sustainability Reporting Board to consolidate the European Sustainability Reporting Standards ESRS E2 to E5 into a single integrated nature standard. This revised 'E2' would address four drivers of nature change and span all realms of nature, while promoting the TNFD LEAP framework and reducing quantitative datapoints. TNFD highlighted growing market adoption of its disclosures, with 600 organizations managing over EUR 13 trillion in assets.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable finance
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2025-07-10•Kosovo•Central Bank of the Republic of Kosovo
Deputy Governor Dardan Fusha participated in the World Bank Global Payments Week 2025, discussing Kosovo's efforts to modernize payment systems and enhance cross-border payments. Initiatives include the EU-backed Payment Systems Modernisation Project and SECO-funded Remittances Programme, aligning with SEPA for potential savings of over EUR 55 million. Challenges like high cross-border fees and EU payments infrastructure access were also addressed, alongside themes like instant payments interoperability and AI for security.
Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket development
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2025-07-10•United States•U.S. Senate Committee on Finance
The U.S. Senate Committee on Finance announced the confirmation of Jonathan Gould as Comptroller of the Currency, approved by a 50-45 vote. Chairman Mike Crapo highlighted Gould's prior experience and anticipates his leadership in enhancing banking safety, soundness, and fair access to financial services.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-10•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee announced that the U.S. House will review three digital-asset bills during "Crypto Week": the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. The CLARITY Act focuses on consumer protection for digital asset market participants. The Anti-CBDC Surveillance State Act aims to prevent federal issuance of a central bank digital currency, while the GENIUS Act proposes a regulatory framework for payment stablecoins, which currently lack federal oversight.
Policy & regulationRules & requirementsCBDCStablecoins
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2025-07-10•Russia•Central Bank of Russia
The Central Bank of Russia's latest Monitoring of Sectoral Financial Flows review indicates a 0.1% increase in incoming payments processed in June, following a decline in May. Excluding mining, quarrying, petroleum refining, and general government, receipts fell by 0.6%, with declines noted in consumer, investment, and external demand sectors.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-10•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission warned investors that Marketsca, PandoraProfit, and TW Pro are not registered to deal or advise in securities in the province. The Commission highlighted misleading claims about regulatory status and advised using the National Registration Search tool for verification.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-10•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that Marketsca is not registered to deal in or advise on securities in New Brunswick. The firm claims an office in North York, Ontario, operated by Finalto (BVI) Ltd, and also uses the name MarketsHelp. Investors are advised to verify registration through the National Registration Search tool.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-10•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warns that PandoraProfit, claiming a Toronto base, isn't registered to deal or advise in securities in New Brunswick. The alert notes misleading claims on PandoraProfit's website about regulation by the Financial Services Authority Saint Vincent and the Grenadines. Investors should use the National Registration Search tool to verify registration status.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-10•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued an investor alert regarding TW Pro, which is not registered to deal or advise in securities in New Brunswick. The warning includes TW Pro's alternate names, TW-pro and Pro-TW, and mentions a London, UK location.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-10•Russia•Central Bank of Russia
The Central Bank of Russia has proposed measures to enhance issuers' disclosures by reducing duplicative reporting, standardizing annual reports, and transitioning to electronic formats. Key changes include synchronizing the publication of financial statements and explanatory reports. These proposals are open for public discussion.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-10•Russia•Central Bank of Russia
The Central Bank of Russia released its 2024 ranking of insurers based on confirmed consumer-rights violations in compulsory motor third-party liability insurance (CMTPLI) complaints. The ranking categorizes insurers into those with more than two million CMTPLI contracts and those with fewer, using a consumer risk indicator to order firms by complaints per 10,000 contracts. Insurers with only one complaint are excluded from the ranking.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2025-07-10•United Kingdom•HM Treasury
UK HM Treasury recommends the FCA integrate international competitiveness and growth into policymaking under the Financial Services and Markets Act 2000. The FCA's five-year strategy prioritizes regulatory streamlining, flexible disclosure rules, and initiatives for informed risk-taking. Plans include an Open Finance roadmap, workplace pensions consultations, and climate disclosure rule updates.
Policy & regulationReform agendas & prioritiesOther
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2025-07-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority, in a meeting with Prime Minister Mostafa Madbouly, announced initiatives for the non-banking financial sector, including a fintech forum in July to discuss legislation for digital transformation and funding support. The Authority highlighted its digital transformation efforts, success stories of licensed firms, and participation from venture capital firms. It is also nearing the application of Basel III standards to non-banking finance companies to enhance capital adequacy and solvency.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2025-07-10•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, Federal Reserve, and Office of the Comptroller of the Currency proposed revisions to the FFIEC 031 Call Report to align with regulatory capital amendments. Key changes include new line items for leverage buffer standards for subsidiaries of U.S. global systemically important bank holding companies and revised instructions for reporting eligible retained income and discretionary bonus payments. The FFIEC 041 and FFIEC 051 Call Reports will be extended without changes.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-10•Chile•Central Bank of Chile
Starting 10 July 2025, the Central Bank of Chile will publish the Sales by Stratum Indicator (IVE) monthly, providing experimental statistics on nominal sales in manufacturing, commerce, and business services by firm size and economic activity. The IVE will classify firms into micro, small, medium-sized, and large enterprises, aiding sectoral analysis. Data will be available in the "Experimental Statistics" section of the Statistical Database and on the Central Bank’s website, with potential for significant revisions as the series develops.
Data & statisticsEconomic data and developmentsFinancial and market indicators
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2025-07-10•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) have finalized amendments to increase system fees for SEDAR+ and the National Registration Database (NRD) over five years starting 28 November 2025, ensuring sufficient funding for national systems. The amendments maintain a flat per-filing fee model, with fees rising proportionally based on system use, and introduce WKSI-related fees aligned with a new expedited shelf prospectus regime. Implementation is contingent on obtaining necessary approvals.
Policy & regulationRules & requirementsRegulatory burden
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2025-07-10•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher J. Waller explained the Fed's balance sheet is larger than in 2007 due to quantitative easing and an ample-reserves regime. The balance sheet is about USD 6.7 trillion, down from nearly USD 9 trillion in early 2022. Waller stressed reserves should exceed 9 percent of GDP for market stability and emphasized shifting the portfolio toward shorter-duration assets like Treasury bills while maintaining passive runoff of maturing securities.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2025-07-10•United States•Federal Reserve Board
The Federal Reserve Board seeks comments on revising its supervisory rating framework for large bank holding companies to clarify "well managed" criteria. A firm would be well managed with no more than one deficient-1 rating across capital, liquidity, and governance. Similar changes are proposed for insurers, with further revisions under consideration.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-07-10•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) released a Phase 1 white paper and proposed rule amendments to streamline account transfers, addressing delays and operational friction. The proposals mandate automated systems for eligible transfers, electronic communications, and a 10-day settlement period. CIRO seeks feedback on these amendments and proposals for a technology solution to digitize transfers, with a Phase 2 white paper expected in 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-07-10•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets adopted decisions on consumer protection and capital markets, including rules for pension fund mergers and dissolutions and enforcement against OCN “ZOOM CREDIT” SRL for consumer credit breaches. The regulation outlines pre-approval procedures, participant consent requirements, and monitoring of dissolutions, with provisions for appointing an external liquidator if needed. Additionally, the Commission registered Moldova-Agroindbank JSC’s bond issue and SCHUH BECHER JSC’s share capital increase.
Policy & regulationRules & requirementsCorporate governance
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2025-07-10•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has amended its Basel III Pillar 2 framework to refine bank-specific additional capital requirements where risks are not covered by Pillar 1. Key updates include revisions to Annex 1 on banking book market risk, adjustments to capital assessment metrics, and changes to reporting requirements. These amendments aim to enhance supervisory processes and clarify capital and risk assessment, with phased implementation starting November 2025.
Policy & regulationRules & requirementsCapital adequacy
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2025-07-10•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) is consulting on amendments to General Rule No. 514 for the Open Finance System, aiming to make Technical Annex 3 specifications permanent. The proposal includes updates on API standards, operational features, consent management, and reporting requirements. Future work will address elements like payment initiation not covered in this proposal.
Policy & regulationRules & requirementsOpen banking and finance
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2025-07-10•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) engaged with SWIFT to discuss priorities like international payment messaging security, foreign exchange reserve operations, and ISO 20022 adoption. SBV highlighted its role in the Vietnam SWIFT community and adherence to the SWIFT Customer Security Programme. It reported successful ISO 20022 testing with several international counterparts and outlined a plan for an MT-MX conversion tool in line with SWIFT's migration roadmap.
Policy & regulationCooperationCross-border cooperation
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2025-07-10•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission (SEC) charged First Liberty Building & Loan, LLC and its founder, Edwin Brant Frost IV, with operating a Ponzi scheme defrauding 300 investors of at least USD 140 million. The SEC alleges misuse of funds, including personal expenses by Frost, and seeks emergency relief, asset freeze, and various legal remedies. The defendants consented to the SEC's requests without admitting or denying the allegations, with monetary remedies pending court decision.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-07-10•Egypt•Central Bank of Egypt
The Central Bank of Egypt and the People’s Bank of China discussed enhancing central bank cooperation, focusing on local currency swap agreements, payment system connectivity, and bilateral investment flows. The meeting concluded with the signing of three cooperation agreements, including MoUs to promote the use of the Chinese yuan in the China-Egypt Suez Economic and Trade Cooperation Zone and to expand UnionPay card acceptance in Egypt.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-07-10•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) approved General Resolution No. 1075, simplifying share capital increase conditions for issuers already in the public offering regime. The unanimity requirement for waiving pre-emptive rights now applies only to non-admitted issuers. This aligns with General Resolution No. 1072, enhancing the dynamic of company financing through capital markets.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-10•Argentina•Argentina Securities Commission (CNV)
CNV president Roberto E. Silva highlighted efforts to address regulatory challenges in fintech, crypto, and traditional markets, advocating for frameworks balancing innovation and compliance. Silva noted 86 general resolutions issued under the current administration, about 10% of all CNV rules, and emphasized collaboration with the Central Bank and Ministry of Economy to modernize Argentina's capital markets.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegtech and suptech
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2025-07-10•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission has barred Ms. Tania Sharmin, former Managing Director and CEO of CAPM Advisory Limited, from engaging in any capital market activities for five years. This enforcement action follows severe violations related to the initial public offering of Ring Shine Textile Limited. The Commission has also instructed market entities not to appoint her during this period.
EnforcementInvestigations & enforcement actions
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2025-07-10•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission has barred Mr. Mahbub H. Mazumdar, former CEO of AFC Capital Limited, from engaging in any capital market activities for five years. This enforcement action follows severe violations related to the IPO of Ring Shine Textile Limited, deemed likely to harm Bangladesh's capital market. The order prohibits his appointment by market intermediaries and listed companies during this period.
EnforcementSanctions & designations
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2025-07-10•Moldova•National Bank of Moldova
The National Bank of Moldova's 2024 report details licensing, regulatory, and supervisory activities for payment service providers and electronic money issuers. It outlines Moldova's accession to the Single Euro Payments Area (SEPA) and the rollout of the MIA instant payments solution, highlighting the finalization of nine secondary legal acts, including rules on strong customer authentication and secure communication standards.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-07-10•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission's May 2025 statistics showed modest increases in credit card counts and electronic payment users. Credit card revolving credit was TWD 113.4 billion with a 0.3% delinquency ratio, while cash card loans were TWD 10.1 billion with a 1.146% delinquency ratio. Electronic payment accounts had 32.63 million users, with TWD 21.23 billion in agent collection/payment flows and TWD 30.12 billion in monthly stored value funds.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-10•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported that the average non-performing loan (NPL) ratio for 38 domestic banks remained stable at 0.16% in May 2025, slightly lower than the previous year. Total outstanding loans decreased by TWD 329 billion to TWD 42.94 trillion, while NPL balances fell by TWD 1.76 billion to TWD 66.83 billion. The FSC deemed asset quality manageable and will require banks to enhance asset quality and financial structure.
Data & statisticsAsset quality
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2025-07-10•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority has launched a consultation proposing amendments to Solvency II reporting requirements to reduce the burden for (re)insurance undertakings. Key measures include lowering the frequency of certain templates, deleting some annual templates, and expanding proportionality, with an estimated reporting reduction of at least 26% for solo undertakings and 36% for small and non-complex undertakings. The package also addresses technical simplifications and error corrections.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-10•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) issued an Opinion for national authorities on liquidity risk management at Institutions for Occupational Retirement Provision (IORPs). It emphasizes monitoring liquidity risk exposures, stress testing cash flows, and maintaining liquid asset buffers, focusing on margin and collateral calls on derivatives. Supervisors should apply these expectations in a risk-based and proportionate manner across Member States.
Policy & regulationGuidance & interpretationLiquidity risk
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2025-07-10•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE imposed a financial sanction of 3,000,000 AED on a bank for non-compliance with anti-money laundering and counter-terrorism financing regulations. The penalty was issued under Article 14 of Federal Decree Law No. (20) of 2018 and Article 137 of Decretal Federal Law No. (14) of 2018.
EnforcementSanctions & designationsAML and CFT
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2025-07-09•Central African Republic•Securities and Exchange Commission of Central Africa
The Securities and Exchange Commission of Central Africa (COSUMAF) has initiated a public consultation on draft instructions to clarify provisions of the Central African financial market framework and COSUMAF General Regulation. The drafts address the content requirements for annual reports by valuation experts for real estate collective investment undertakings and disclosure obligations for issuers making public offerings.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-09•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission presented two draft regulations for consultation: a corporate governance code for non-bank financial institutions and securities issuers’ information disclosure duties. The virtual session explained the proposals and invited market feedback.
Policy & regulationRules & requirementsCorporate governanceDisclosures
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2025-07-09•Europe•Committee on Economic and Monetary Affairs
The European Parliament's Committee on Economic and Monetary Affairs will hold a public hearing with Dr. Wolf Klinz regarding his proposed renewal as Chair of the Financial Reporting Board of the European Financial Reporting Advisory Group. The hearing is scheduled for 14 July, followed by a committee vote on 15 July.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-09•Europe•Committee on Economic and Monetary Affairs
The European Parliament's Committee on Economic and Monetary Affairs will hold a public hearing on 15 July 2025 with Single Resolution Board Chair Dominique Laboureix. The session will address the Board’s execution of its mandate under the Single Resolution Mechanism Regulation and the new legislative package on crisis management and deposit insurance.
Policy & regulationCooperationRecovery and resolution
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2025-07-09•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic has completed its recertification under ISO/IEC 27001:2022 for information security management, now including its Real-Time Gross Settlement system. The recertification, validated by Der Norske Veritas, aims to enhance stakeholder confidence in information security and privacy. The bank has maintained ISO/IEC 27001 certification since 2012 for its investment certificates process.
Institutional developmentTechnology & data transformationCyber resilience
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2025-07-09•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Authority, and Mandatory Provident Fund Schemes Authority launched the Anti-Scam Consumer Protection Charter 3.0 to combat financial frauds in Hong Kong. Supported by local organizations, Charter 3.0 outlines six principles for fraud reporting, advertiser checks, internal monitoring, and public education. The initiative emphasizes coordinated action among regulators, industry, and enforcement bodies to protect Mandatory Provident Fund interests.
Policy & regulationCooperationFraud and scams
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2025-07-09•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Monetary Authority, Securities and Futures Commission, Insurance Authority, and Mandatory Provident Fund Schemes Authority launched the Anti-Scam Consumer Protection Charter 3.0 to combat financial frauds with technology and telecom firms. Charter 3.0 introduces six principles, including reporting suspected frauds, checking advertisers, and enhancing public education. The initiative is supported by the Consumer Council, Hong Kong Association of Banks, Hong Kong Police Force, and Office of the Communications Authority.
Financial literacy & educationFraud and scamsConsumer and investor protection
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2025-07-09•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus hosted the fifth meeting of the Cyprus Financial Literacy Committee's Board to review the National Strategy for Financial Literacy and Education. Updates included progress from thematic working groups, actions by the Chambers of Commerce, and collaboration with the Organisation for Economic Co-operation and Development on financial literacy initiatives. Budget discussions covered KEHAP’s 2025 budget and the commission’s budget for the next year.
Financial literacy & educationFinancial literacy and education
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2025-07-09•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority (CMA) has approved amendments to the Investment Funds Regulations, Real Estate Investment Funds Regulations, and CMA Glossary. Key changes include expanded distribution channels, revised fund termination and manager dismissal provisions, and new investment allowances for Real Estate Investment Traded Funds on the Parallel Market. The amendments also introduce caps on fixed income exposures and retail cash subscriptions, following three public consultation rounds.
Policy & regulationRules & requirementsMarket development
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2025-07-09•Belgium•Belgium Financial Services and Markets Authority
Belgium's Financial Services and Markets Authority (FSMA) concluded the initial collection of information registers on third-party service providers under the DORA Regulation, with nearly all supervised financial entities completing the process.
SupervisionRegulatory reportingOutsourcing and third-party risk management
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2025-07-09•Europe•European Banking Authority
The European Banking Authority has initiated a public consultation to amend the EU Delegated Regulation on regulatory technical standards for own funds and eligible liabilities instruments. The proposal aims to reduce the application processing timeframe from four months to three months and eliminate the simplified procedure for MREL eligible liabilities for liquidation entities. These changes are based on recent experiences to enhance flexibility in capital planning.
Policy & regulationRules & requirementsCapital adequacy
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2025-07-09•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) released its 2024 Statistical Bulletin, noting solid profitability for EXM-listed companies and a slowdown for small-cap firms on the EGM market. The report describes 2024 as a year of adjustment amid normalizing interest rates and geopolitical uncertainty, with improved profitability driven by operating efficiency and resilient margins. Financial leverage decreased across sectors except insurance, and dividend policies were balanced, reflecting varying priorities in balance-sheet strengthening and shareholder remuneration.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-09•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance, UNEP FI, BancoEstado, and CAF launched the forum “Connecting the Southern Cone through Sustainable Finance” to showcase Chile’s progress in sustainable finance. The First Progress Report of the 2024 Green Agreement showed 67% progress for financial authorities and 51% for financial institutions, with challenges for insurers and stock exchanges. The forum highlighted structural gaps and the need for standardized information and international frameworks to improve coordination.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-07-09•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority (CMA) has launched the "Qualified Broker" model, issuing the first license for a clearing agency to offer Central Clearing Counterparty (CCP) services via a new "Central Broker" activity. Preliminary approvals were granted to nine brokerage firms for "Qualified Broker" activities. This is part of the Capital Market System Development Program, aimed at improving settlement, collateral management, and reducing counterparty risk.
SupervisionAuthorisations & approvalsLicensing framework and process
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2025-07-09•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has removed Al-Nokhitha Fund from its Investment Funds Register following the fund's licence cancellation and liquidation. This action, effective 8 July 2025, implements Article III of Resolution No. (76) of 2024.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-07-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) is consulting on extending relief for digital financial services disclosures by remaking two electronic disclosure instruments expiring on 1 October 2025 and updating Regulatory Guide 221. The extensions allow digital disclosures and ease requirements, with RG 221 updates including simplified drafting and revised digital disclosure guidance.
Policy & regulationRules & requirementsDisclosures
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2025-07-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) seeks industry feedback on proposed updates to Regulatory Guide 168, consolidating guidance on Product Disclosure Statements (PDSs) and related obligations. The revisions integrate PDS disclosure, lodgement, and notification guidance into RG 168, removing guidance on Financial Services Guides and Statements of Advice. The guide reframes misleading conduct material to address general PDS disclosure concerns and clarifies the legislative basis for Good Disclosure Principles, ensuring compliance with the Corporations Act 2001.
Policy & regulationGuidance & interpretationDisclosures
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2025-07-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has banned former financial adviser Isaac Jacob McQueen from providing financial services for four years due to inappropriate advice involving high-risk investments in the Shield Master Fund. This action is part of ASIC's broader investigation into the Shield Master Fund, with over AUD 480 million invested by at least 5,800 consumers since February 2022. The ban is effective from 17 June 2025 and is recorded on ASIC’s Banned and Disqualified Register, with Mr. McQueen having the right to appeal.
EnforcementSanctions & designations
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2025-07-09•Australia•Australian Securities & Investments Commission
ASIC has banned Sydney financial adviser Matthew Simon Bradley for eight years for giving inappropriate advice, recommending high-risk investments in the Shield Master Fund, and making misleading claims about its performance. Effective 3 July 2025, the ban is on ASIC’s Banned and Disqualified Register. ASIC's investigation into Shield and related entities continues, with over AUD 480 million invested by 5,800 consumers. Bradley may appeal.
EnforcementSanctions & designations
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2025-07-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) proposes to remake six sunsetting legislative instruments, extending disclosure relief for foreign securities offers to Australian investors by five years. This relief eases participation by reducing multi-jurisdictional disclosure burdens and includes advertising restrictions relief for foreign-targeted ads incidentally published in Australia. Proposed refinements aim for clarity by consolidating exemptions and rewording ambiguities without changing the relief's operation.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-07-09•Europe•European Banking Authority
The European Banking Authority has launched a public consultation on revising its Guidelines for retail banking products with Environmental, Social, and Governance features to address greenwashing. The proposal clarifies existing requirements without new regulatory burdens, covering internal controls, target market assessment, and information flows. This aligns with the EBA’s greenwashing report and recent EU legislative changes, affecting manufacturers and distributors of products like mortgages and personal loans.
Policy & regulationGuidance & interpretationClimate risk and sustainable financeConsumer and investor protection
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2025-07-09•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority conducted an insurance education session for Kilimani Schools students at the Saba Saba exhibition as part of its "Insurance Village" initiative. The session featured participation from various insurance companies, with professionals addressing students' inquiries. Teachers expressed gratitude and committed to further collaboration with TIRA to enhance insurance awareness among younger students.
Financial literacy & educationFinancial literacy and education
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2025-07-09•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine’s National Commission on Securities and Stock Market has implemented amendments to the approval process for key appointments in professional market participants, aiming to enhance corporate governance and capital market transparency. The changes were adopted on 20 June 2025 and registered by the Ministry of Justice on 7 July 2025.
Policy & regulationRules & requirementsCorporate governance
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2025-07-09•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) has revoked the business licence of PT Dana Mandiri Sejahtera for failing to meet the minimum equity requirement. The firm is prohibited from conducting venture capital activities and must settle obligations with stakeholders, hold a general meeting to decide on dissolution, and establish a liquidation team. PT DMS is also barred from using "venture capital" or "Sharia venture capital" in its name.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-07-09•Indonesia•Bank Indonesia
Bank of Indonesia's June 2025 Retail Sales Survey forecasts a 2.0% year-on-year increase in the Real Sales Index (RSI) to 233.7, driven by sectors like Automotive Fuel and Clothing. The survey also anticipates a 0.5% month-on-month growth due to seasonal factors. Price expectations indicate easing in August but an increase by November 2025.
Data & statisticsEconomic data and developments
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2025-07-09•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a record number and value of restructurings under the Out-of-Court Debt Settlement Mechanism in June, with 1,995 agreements totaling over EUR 670 million. The increase is attributed to higher income and asset eligibility thresholds and recent legislative improvements. Additionally, bilateral loan restructurings with major credit servicers reached EUR 0.5 billion in May, with a 41% focus on mortgages and an 83.7% approval rate.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-09•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance, via Minister Kyriakos Pierrakakis, addressed allegations of irregularities in government digital projects funded by the Recovery and Resilience Facility, emphasizing a 26-stage review process. The minister highlighted that 203 projects were tendered, with EUR 1.8 billion awarded to 102 companies, and noted a Competition Commission review initiated by the Ministry of Development. Pierrakakis stated he would pursue legal action against defamatory claims.
Policy & regulationReform agendas & prioritiesOther
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2025-07-09•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance proposed legislation to align with the EU's new fiscal rule, creating EUR 1.5 billion of fiscal space for 2026. Kyriakos Pierrakakis highlighted a primary surplus of 4.8% and an overall surplus of 1.3%, linking fiscal room to measures like connecting POS terminals to cash registers. He noted a EUR 1.1 billion package for rent returns, pensioner payments, and public investment, and clarified the EU defence escape clause, securing 2024 as the base year for EUR 500 million of fiscal space.
Policy & regulationGuidance & interpretationOther
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2025-07-09•United States•Financial Industry Regulatory Authority
FINRA released the 2025 Industry Snapshot, detailing statistics on registered representatives, brokerage firms, and market activity. The report includes metrics on FINRA membership, firm revenues, and trading activity, with new topics on off-hours trading and Bitcoin exchange-traded products. Updates provide firm-size and account-owner-type breakdowns for trading and order volumes.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-09•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission released a speech by Ms. Julia Leung titled “A New Charter for a Safer Digital Ecosystem,” presented at the launch of the “Anti-Scam Consumer Protection Charter 3.0.”
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-07-09•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) has allocated approximately EUR 2.9 million from its Jubilee Fund to finance 13 research projects. These projects cover topics such as monetary policy transmission, shadow banks, term structure modelling, digital media transformation, and the interplay between public finances and climate policy.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-09•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority (FMA) released the second video in its "1 Minute – 1 Begriff" series, explaining memecoins and warning of their speculative and fraudulent nature. This initiative is part of the FMA's broader consumer information campaign, "Let’s talk about money," which includes content on Instagram and YouTube.
Financial literacy & educationConsumer and investor protection
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2025-07-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert stating that "Chong Sing Heritage Trust Bank" is not authorised under the Banking Ordinance to conduct banking or deposit-taking business in Hong Kong. The HKMA advised the public to verify the status of organisations offering banking services online and referenced its list of authorised institutions for verification.
SupervisionAlertsLicence approval
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2025-07-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert regarding a fraudulent website and internet banking login screen involving Dah Sing Bank, Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-07-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency announced legislative amendments allowing the insurance sector to engage in IT activities, including software development and acquiring IT company interests. The Insurance Payout Guarantee Fund's functions now include software development and professional training. These changes aim to enhance access to insurance products, reduce service costs, and boost market competition.
Policy & regulationRules & requirementsFintech and insurtechRegulatory reporting
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2025-07-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan drafted a resolution to amend the National Bank's 2017 banking rules. The amendments aim at financial market development, consumer protection, and reducing regulatory burdens, requiring banks to enhance accessibility for people with disabilities, publish loan calculators, and provide advance notice of fee increases. The draft is available on the “Open NLA” portal and the Agency’s website.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-07-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency announced amendments capping insurance agents’ commissions on contracts linked to bank loans or microcredits at 10% of the insurance premium. The amendments prohibit banks from mandating insurance or restricting borrowers' choice of insurer, making credit-related insurance voluntary. These changes take effect 60 days after the law's first official publication.
Policy & regulationRules & requirementsPrudential risksSupervision process and methodologies
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2025-07-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan announced legislative amendments extending the Insurance Payments Guarantee Fund’s coverage to all types of savings life insurance. Previously, the fund's guarantees applied only to compulsory insurance, excluding imputed insurance, State Education Savings System contracts, and pension annuity contracts.
Policy & regulationRules & requirementsOther
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2025-07-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency announced a law restricting market access for entities linked to terrorism financing. It prohibits listed individuals from holding significant shares in insurance brokers and empowers the Agency to enforce stake reductions below 10%. These measures align with Financial Action Task Force standards and apply to banks, insurance organizations, and investment portfolio managers.
Policy & regulationRules & requirementsAML and CFT
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2025-07-09•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced updates to the Isle of Man sanctions regimes, as notified by the Isle of Man Treasury, Customs and Immigration Division. The update includes new information on financial sanctions related to chemical weapons and directs stakeholders to relevant online resources for further details.
Policy & regulationGuidance & interpretationSanctions list update
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2025-07-09•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released a report from a thematic review of low impact financial advisory firms, highlighting good practices and areas for improvement. The review involved questionnaire responses from 20 class 2 licenceholders and onsite inspections at four firms. Findings aim to enhance the Authority's understanding of the sector and guide future outreach and engagement.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2025-07-09•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
Türkiye's Insurance and Private Pension Regulation and Supervision Agency released a guide on Building Completion Insurance (Bina Tamamlama Sigortası, BTS), a surety-type insurance for construction projects. It details BTS requirements or alternative security, guarantee certificate issuance, and insurer obligations in contractor defaults, including cash compensation or project completion. It advises verifying insurer licensing and policy validity via the Insurance Information and Monitoring Center’s Sigortam360 tools.
Policy & regulationGuidance & interpretationOther
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2025-07-09•Qatar•Qatar Central Bank
The Qatar Central Bank reported that international reserves and foreign currency liquidity reached QAR 258.9 billion in June 2025, a 3.5% increase from June 2024, with international official reserves rising 4.5% year on year to QAR 199.6 billion.
Data & statisticsMonetary data
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2025-07-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has mandated KWI Insurance Public Company Limited to enhance its financial position by increasing its paid-up capital by at least THB 30 million within July 2025, while maintaining a temporary halt on underwriting non-life insurance. The company must continue capital raising efforts to ensure liquidity during ongoing business sale negotiations. KWI Insurance may appeal the order within 15 days, with potential further actions if conditions are unmet or risks to policyholders arise.
SupervisionInterventionsLicence withdrawal
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2025-07-09•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan met with Switzerland’s Cooperation Office to mark the leadership transition from Salome Steib to Denise Luci, emphasizing ongoing banking collaboration. Chairman Firdavs Tolibzoda acknowledged Steib's contributions to enhancing banking-system capacity and transparency and expressed commitment to continued partnership with SECO. Discussions included optimizing existing capacities and exploring new cooperation areas.
Institutional developmentLeadership change & appointmentsCross-border cooperation
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2025-07-09•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina hosted a delegation from the National Bank of Austria to enhance cooperation on monetary policy strategy and macroeconomic research. Discussions included the European Central Bank’s revised monetary policy strategy, macroeconomic trends, and the implications for Bosnia and Herzegovina's currency board regime. The central bank plans to intensify collaboration with the National Bank of Austria.
Policy & regulationCooperationCross-border cooperation
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2025-07-09•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a transcript of Ranking Member Elizabeth Warren's remarks at a hearing on crypto market structure proposals. Warren raised concerns about potential legislation undermining the U.S. Securities and Exchange Commission's authority and creating conflicts of interest related to President Trump's crypto holdings. Former officials warned that exemptions for decentralized trading could weaken SEC oversight and benefit Trump's crypto interests.
Policy & regulationOther
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2025-07-09•Spain•Bank of Spain
The Bank of Spain published a speech by Governor José Luis Escrivá highlighting tourism's role in Spain's economic growth from 2022 to 2024, with tourism exports contributing positively and foreign tourist arrivals increasing significantly. The speech noted diversification in tourism flows and improved quality indicators, while also addressing challenges such as climate change adaptation and labour shortages.
OtherMarket development
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2025-07-09•Spain•Bank of Spain
The Bank of Spain's updated Financial Accounts show a decline in the consolidated debt of non-financial corporations and households to 106.1% of GDP in Q1 2025, down from 111.1% a year earlier, despite a nominal increase to EUR 1,710bn. Non-financial corporate debt rose to EUR 1,009bn, with its GDP ratio at 62.6%, the lowest since Q3 2001, while household debt increased to EUR 701bn, with its GDP ratio at 43.5%, the lowest since Q1 2000. Household financial assets grew to EUR 3,171bn, driven by revaluation and net acquisitions, leading to an 8.1% rise in net financial wealth to EUR 2,408bn.
Data & statisticsBalance of payments and other external statistics
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2025-07-09•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines requires non-bank financial institutions with quasi-banking functions and trust entities to publish their Statement of Condition and Consolidated Statement of Condition or balance sheet as of 30 June 2025 in a local newspaper or, if unavailable, in a Metro Manila publication within 20 working days. Institutions must also submit PDF copies of these documents and the publisher’s certificate within specified deadlines.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-09•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued Memorandum No. M-2025-026, renaming the Residential Real Estate Price Index (RREPI) to the Residential Property Price Index (RPPI) and simplifying quarterly reporting requirements for banks. The update removes the notarization requirement for submissions, replacing it with scanned forms signed by authorized officials, aligning with international standards.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-09•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) warned consumers in GIFT IFSC about rising online scams, especially via social media and messaging platforms. The advisory details common scams like unsolicited investment offers and impersonation, urging consumers to verify entities through the IFSCA directory and report suspicious activities. It stresses due diligence and highlights IOSCO's call for platform providers to combat online harm.
SupervisionAlertsFraud and scams
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2025-07-09•United States•New York State Department of Financial Services
The New York State Department of Financial Services and regulators from five other states reached a multistate settlement with Wise US, Inc. over deficiencies in its AML/CFT program. Wise will pay a USD 4.2 million penalty and implement corrective measures, including enhanced reporting, due diligence, and system improvements. An independent third party will verify compliance, with Wise required to submit quarterly progress reports for two years.
EnforcementInvestigations & enforcement actionsAML and CFT