The Swedish Financial Supervisory Authority has released its annual supervisory disclosures under Article 143 of the Capital Requirements Directive for 2024. The update details Swedish laws, regulations, and guidance under the CRD, national options and discretions exercised, and provides aggregated data on CRD and Capital Requirements Regulation implementation.
Sweden’s Financial Supervisory Authority (Finansinspektionen) has appointed Gunnar Larsson as a new board member, effective 1 July 2025, succeeding Cecilia Renfors. Larsson previously held roles as Director General of the Swedish Consumer Agency and the Swedish Legal, Financial and Administrative Services Agency. His term will last until 30 June 2028.
The Central Bank of Iceland released its June 2025 Economic Indicators report, offering a chart-based overview of macroeconomic, financial market, and financial system developments, with detailed data accessible in spreadsheet format. The report includes nine chapters covering topics such as inflation, output, trade, labour market, public finance, asset markets, and the financial system, complemented by interactive indicators online.
The Central Bank of Russia's June 2025 monitoring shows a decline in the average maximum interest rate on Russian rouble household deposits from 18.87% to 18.40% among the top 10 credit institutions. Rates by maturity were 17.43% for up to 90 days, 17.94% for 91 to 180 days, 17.52% for 181 days to one year, and 16.11% for over one year. The monitoring excludes special-category deposits and is based on data from major banks including Sberbank and VTB.
The Finnish Financial Supervisory Authority (FIN-FSA) released findings from a review on AI usage among Finnish financial entities to guide future market supervision under the EU Artificial Intelligence Act. The review highlights widespread AI adoption, particularly in banking and insurance, with generative and general-purpose AI models used for internal processes. Key risks include data quality and protection, while governance measures such as AI strategies and ethical standards are being implemented.
Finland's Financial Supervisory Authority (FIN-FSA) maintained its macroprudential settings, keeping the systemic risk buffer (SyRB) at 1.0%, other systemically important institution (O-SII) buffers at 0.5%–2.5%, and the countercyclical capital buffer (CCyB) at 0.0%. The housing loan cap remains at 95% for first-home loans and 90% for other new housing loans. FIN-FSA also approved full reciprocation of Norway’s updated SyRB requirement at 4.5% for Finnish banks operating in Norway, effective 1 October 2025.
The Finnish Financial Supervisory Authority released a review on AI use in the Finnish financial sector, highlighting widespread adoption among large and medium-sized firms, particularly in banking and insurance. Key risks include data quality, protection, and AI expertise, with the EU Artificial Intelligence Act expected to drive sector-wide changes. The review noted that supervisory and sanction powers will be effective from 2 August 2025.
The Finnish Financial Supervisory Authority (FIN-FSA) Board has published an updated macroprudential strategy, enhancing its focus on financial system risk resilience. The revision includes new operational policy objectives and clarifies the application of macroprudential instruments. The FIN-FSA Board will annually review the strategy's effectiveness and relevance.
The Federal Deposit Insurance Corporation Board is considering a proposed rule to modify the enhanced supplementary leverage ratio (eSLR) for US global systemically important banks (GSIBs), linking it to each firm’s GSIB capital surcharge. The change is expected to reduce required Tier 1 capital by approximately USD 13 billion, or about 1.4%, and aims to alleviate leverage constraints on low-risk activities. Acting Chairman Travis Hill stated the FDIC will review public comments on the proposal.
Payments Canada elected Mairead Lavery as an Independent Director and Blair Wiley as a Member Director to its Board of Directors, while renewing the terms of Kevan Cowan and Jennifer Hawkins. The board acknowledged the service of outgoing directors Anju Virmani and Sean Goldrick. Payments Canada's board consists of 12 directors elected under the Canadian Payments Act, with a majority being independent.
The Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC propose changes to the enhanced supplementary leverage ratio (eSLR) for U.S. GSIBs and subsidiaries. The proposal recalibrates the eSLR to support it as a backstop to risk-based capital requirements and addresses disincentives for low-risk activities. The Federal Reserve also suggests amendments to total loss-absorbing capacity and long-term debt requirements to align with the new eSLR approach.
The Federal Deposit Insurance Corporation and other regulators exempt banks from directly collecting taxpayer identification numbers under the Customer Identification Program Rule, allowing third-party collection. This applies to all FDIC-supervised institutions if they maintain risk-based identity verification and comply with the CIP Rule. The Financial Crimes Enforcement Network supports this method as consistent with the Bank Secrecy Act, and its implementation is optional.
The Central Bank of Chile is consulting on proposed amendments to payment card regulations to enable open-loop card use in public transport systems. The amendments include safeguards against fraud in offline transactions, such as an issuer exposure cap of 0.1 unidad de fomento (UF) and a preventive blocking mechanism. Only nominative open-loop cards regulated by the Central Bank will be permitted.
The Federal Deposit Insurance Corporation (FDIC) released a list of administrative enforcement actions from May 2025, including 12 orders and two Notices. These actions featured one consent order, one order terminating a consent order, four orders of prohibition, and six orders terminating 100 Section 19 waiver orders. No administrative hearings are scheduled for July 2025.
The FDIC is appointed receiver for The Santa Anna National Bank after its closure by the Office of the Comptroller of the Currency. Coleman County State Bank will assume insured deposits and some assets. The FDIC estimates a USD 23.7 million cost to the Deposit Insurance Fund, citing suspected fraud. The failed bank's office will reopen as a Coleman County State Bank branch, and depositors will retain FDIC insurance coverage.
Bank of Albania Governor Gent Sejko attended the IMF and World Bank Group constituency meeting in Italy, discussing global economic developments and financial stability. Sejko highlighted Albania's limited exposure to US tariffs but warned of potential risks from a global tariff war. The meeting also addressed resilience to crises and disaster-related financing, with Banca d’Italia acknowledging collaboration on modernizing payment systems.
The Federal Reserve Board's annual stress test results show 22 banks would stay above minimum CET1 capital requirements during a severe recession. The scenario projects a 1.8 percentage point decline in the aggregate CET1 capital ratio after over USD 550 billion in losses, significantly impacting credit card, commercial, and real estate loans. The Board plans to address model volatility and has proposed averaging stress test results over two years to stabilize capital requirements.
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency proposed changes to regulatory capital standards to reduce leverage-based disincentives for low-risk activities and support US Treasury markets. The proposal recalibrates the enhanced supplementary leverage ratio (eSLR) for systemically important banks, aiming to maintain overall capital levels while reducing tier 1 capital standards by less than 2%. Conforming amendments will affect frameworks linked to the eSLR, including total loss-absorbing capacity and long-term debt requirements.
The Norwegian Financial Supervisory Authority has set the late payment interest rate at 12.25% per annum and the standard compensation for recovery costs at NOK 460 for the second half of 2025, effective 1 July. This is the first determination under the new delegation from the Ministry of Finance. The interest rate is adjusted semi-annually to match Norges Bank’s policy rate plus at least 8 percentage points, while the compensation amount aligns with EUR 40, adjusted for exchange-rate changes.
Norway's Financial Supervisory Authority published an inspection report on Assuranceforeningen Gard – Gjensidig, highlighting weaknesses in their Solvency II internal model governance. Issues include inadequate inflation risk treatment, outdated model parameters, and insufficient validation of interest rates and mortgage-backed securities. The authority calls for systematic improvements and further testing, with Gard expected to address these concerns in 2025.
The Financial Supervisory Authority of Norway published an inspection report on RSM Norge AS, revealing serious breaches of the Norwegian Auditor Act linked to loan fraud. The engagement partner relinquished his auditor authorisation following notification of its intended revocation. No further measures were imposed on RSM Norge AS due to prior fines and remediation efforts.
The Chile Financial Market Commission (CMF) celebrated 100 years of banking regulation at its Annual Conference, discussing past and future supervision with key figures like the Finance Minister and an IMF speaker. CMF Chairwoman Solange Berstein highlighted progress on Basel III standards and the Fintech Act, while identifying priorities such as the Consolidated Debt Registry and deposit insurance framework. IMF Deputy Chief Dirk Jan Grolleman addressed global supervisory challenges, including financial interconnections and Basel III implementation disparities.
Chile's Financial Market Commission (CMF) has launched a consultation to modernize regulations for savings and credit cooperatives, including an Updated Compilation of Cooperative Regulations and an Information Systems Manual. This initiative aims to reorganize requirements and introduce cooperative-specific instructions, reflecting CMF's expanded remit under the Financial Resilience Act. The approach emphasizes proportional, risk-based supervision tailored to each cooperative's vulnerabilities.
The Chile Financial Market Commission authorized Mastercard Administradora Chile S.A. and Visa Chile Sociedad Administradora de Cámara de Compensación de Pagos de Bajo Valor S.A. to operate low-value payment clearinghouses. This brings retail card payment settlements under CMF supervision, ensuring finality and irrevocability per international standards. The move follows the 2024 authorization of a similar clearinghouse for wire transfers.
The Chile Financial Market Commission's May 2025 report highlights weak real-term lending in banks, with a 0.05% annual decrease, but improved profitability due to lower taxes and operating expenses. Savings and credit cooperatives showed a 6.38% increase in loans and a 46.2% rise in profits, with consumer loans comprising 69.61% of operations. Key risk metrics for banks included a loan-loss provisions index of 2.55% and a 90+ days arrears ratio of 2.29%, while cooperatives had a provisions index of 4% and a 90+ days arrears ratio of 2.33%.
The Chile Financial Market Commission amended rules prohibiting banks from granting loans to directors, general representatives, and related parties, clarifying definitions and treating civil partners as spouses. The framework specifies corporations subject to the ban and defines "indirectly" per the General Banking Act, with exclusions for collective participation below 5%. Reporting requirements were updated, and breaches incur sanctions equal to the loan amount or surplus value.
The State Bank of Vietnam announced amendments to the Law on Credit Institutions, approved by Vietnam’s National Assembly, effective 15 October 2025. Key changes include a refined framework for special lending and new conditions for seizing collateral backing non-performing loans. The Government will issue guidance on inspection, supervisory, and enforcement mechanisms and develop a decree on collateral seizure conditions.
The State Bank of Vietnam's Banking Times has introduced a "Banking Law Advice" column to offer legal guidance on financial and banking issues, following amendments to the Law on Credit Institutions. The column will address reader inquiries on topics such as credit agreements and collateral handling, in collaboration with the State Bank of Vietnam’s Legal Department and legal experts.
The State Bank of Vietnam announced the re-election of Pham Chi Quang as Party cell secretary and the election of Mai Thi Trang as deputy secretary for its Monetary Policy Department. The congress emphasized proactive and flexible monetary policy management, coordination with fiscal policies, and digital transformation in banking. Priorities include modernizing the monetary policy framework and enhancing policy advice quality.
Norway's Financial Supervisory Authority released an inspection report on Storebrand Asset Management AS, highlighting misleading sustainability-related disclosures under Regulation (EU) 2019/2088 (SFDR). The report criticized the firm's website presentation of its "Storebrand sustainability score" and found issues with disclosures for Article 8 and Article 9 funds. Storebrand has removed the score from marketing materials and initiated a review of fund documentation.
The British Columbia Financial Services Authority reminded consumers on National Insurance Awareness Day to review their insurance policies for adequate natural disaster coverage. It emphasizes that wildfires and floods may not be automatically covered and highlights the need for separate earthquake insurance. The authority also directs consumers to resources on natural disaster coverage and home insurance tips.
The Office of the Comptroller of the Currency appointed the Federal Deposit Insurance Corporation as receiver for The Santa Anna National Bank in Texas due to unsafe or unsound conditions. The bank faced substantial asset and earnings dissipation, with assets falling below obligations. As of March 31, 2025, the bank reported approximately USD 77 million in total assets.
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency seek comments on proposed changes to capital standards for major banking organizations. The proposal adjusts leverage requirements to backstop risk-based standards without discouraging low-risk activities. Changes include modifying the enhanced supplementary leverage ratio (eSLR) based on systemic risk, with expected Tier 1 capital reductions for some entities.
The Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and National Credit Union Administration, with Financial Crimes Enforcement Network's concurrence, exempted banks and credit unions from directly collecting taxpayer identification numbers under the Customer Identification Program Rule. This allows third-party methods to obtain TINs, addressing consumer reluctance due to data breaches and identity theft concerns. Institutions must still maintain risk-based procedures to verify customer identities.
The Office of the Comptroller of the Currency issued an order exempting banks from the Customer Identification Program rule, allowing them to obtain Taxpayer Identification Number information from third parties under certain conditions. This exemption is part of Bank Secrecy Act modernization, facilitating online and mobile banking and enhancing financial inclusion. The order offers an optional compliance approach without imposing new requirements or weakening the BSA's ability to combat illicit finance.
The China Securities Regulatory Commission announced penalties against delisted Nanjing Yuebo Power System Co., Ltd. for financial fraud and will extend enforcement to third-party accomplices. From 2018 to 2022, Yuebo Power inflated revenue and profits through fabricated sales and sham asset disposals, leading to proposed fines totaling CNY 30.8 million and market bans for involved individuals. The CSRC emphasized its commitment to comprehensive enforcement, including criminal referrals and leniency for cooperative accomplices.
The Australian Prudential Regulation Authority (APRA) has introduced electronic forms for regulated entities to fulfill notification requirements under Prudential Standard CPS 230 Operational Risk Management, covering operational risk incidents, breaches of critical operation tolerance, and changes to material arrangements or offshoring.
Argentina Securities Commission President Roberto E. Silva highlighted the CNV's efforts to support financial innovation at Fintech Meetup Rosario. He emphasized the pioneering regulation of PSAVs in the virtual-assets space, developed through public consultation and compliant with Law No. 27.739, aiming to balance regulation with industry innovation incentives.
Liu Wei, a former first-level inspector in the National Financial Regulatory Administration's Institutions Recovery and Disposition Department, is under disciplinary review and investigation for suspected serious violations of discipline and law. The investigation is conducted by Hubei's Xiangyang Municipal Supervisory Commission with the Central Commission for Discipline Inspection and National Supervisory Commission's unit at the NFRA.
FinCEN launched COMMAND under its FinCEN Exchange program to combat money linked to narcotics and drug trafficking. The initiative partners community and regional financial institutions with law enforcement to target illicit finance. COMMAND supports Executive Order 14157 and collaborates with the Texas Department of Banking and local law enforcement.
The Central Bank of Argentina has initiated a public consultation process for draft regulations, starting with rules on special accounts for employment termination funds. Drafts will be available on the BCRA’s website for two weeks, allowing stakeholders to submit non-binding improvement proposals. The first draft pertains to implementing rules for "Fondos de Cese Laboral" under Article 96 of Law 27,742 and Annex II of Decree 847/24.
The Securities and Exchange Board of India confirmed conducting search and seizure operations in June 2025 related to alleged pump-and-dump activities in certain scrips. Incriminating evidence was seized, and the investigation is ongoing.
The National Bank of Moldova released a video detailing its alignment with international best practices in financial stability as part of Moldova's European integration efforts. It highlights the bank's role in maintaining price stability, harmonizing legislation with European standards, adopting Basel III resilience standards, and integrating into European financial networks like SEPA to modernize the payments system and bolster trust in the banking system.
The Securities and Exchange Board of India has issued an updated master circular for Research Analysts, consolidating all relevant circulars and directions. It outlines key operational requirements, including client-count based deposits, retail fee caps, client-level segregation, AI-tool accountability, and record-keeping standards. It also includes guidelines for proxy advisers, investor grievance handling, and compliance timelines for existing Research Analysts.
The U.S. Department of the Treasury announced senior appointments, including Paras Malik as Counselor to the Secretary and Chief AI Officer. John Crews was named Deputy Assistant Secretary for Financial Institutions Policy, with Connor Dunn and John Poulson as Deputy Assistant Secretaries for Legislative Affairs. Other appointments include Spencer Hurwitz and David O’Brien in Public Affairs, Ashtyn Landen and Zach Mollengarden as Deputy Executive Secretaries, Shane Shannon as Counselor to the General Counsel, and Cory Wilson for Cybersecurity and Critical Infrastructure Protection.
The European Insurance and Occupational Pensions Authority, European Banking Authority, and European Securities and Markets Authority have launched a public consultation on draft Joint Guidelines for ESG stress testing under the Capital Requirements Directive and Solvency II. These Guidelines aim to harmonize the integration of environmental, social, and governance risks into supervisory stress tests across the EU, focusing on methodology, governance, and data management. The draft seeks to enhance the effectiveness and efficiency of existing practices without imposing new requirements for ESG-focused stress tests.
The Bulgaria Financial Supervision Commission approved the prospectus for Debitum Invest REIT's EUR 5.5 million bond issue and registered it for trading on a regulated market. Additionally, it registered a share issue by Corporation for Technology and Innovations AD for market trading and adopted its normative activities programme for the second half of 2025.
Mexico's Ministry of Finance and Public Credit announced a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. Under Article 129 of the Credit Institutions Law, this action replaces the banks' administrative bodies and legal representatives. The intervention responds to potential impacts from U.S. Treasury measures, with ongoing coordination among Mexican financial authorities to maintain financial system stability.
The Central Bank of the Republic of Kosovo and UK Ambassador Jonathan Hargreaves discussed strengthening institutional cooperation, focusing on legal and regulatory reforms and financial system integrity. The meeting highlighted UK support through development agencies, cooperation with the Bank of England, and alignment with EU requirements, including SEPA preparations. Delays in financial sector laws due to constitutional review were noted, alongside governance reforms and anti-counterfeiting efforts.
ESMA issued a final report advising the European Commission on defining cash penalties under the CSDR settlement discipline regime. ESMA's advice excludes scenarios like technical failures at the Central Securities Depository level and full-day trading suspensions. The European Commission will use this advice to draft a new delegated act specifying applicable operations and transactions.
Saudi Arabia's Capital Markets Authority announced the conviction of ten investors for violating securities laws in trading Dar Alarkan shares. They were fined SAR 860,000, ordered to pay over SAR 96 million for illegal gains, and banned from purchasing shares for two to three years. The violations involved manipulating share prices to create a misleading market impression. Affected parties may file compensation claims with the Committee for Resolution of Securities Disputes.
The Financial Superintendence of Colombia (SFC) announced five strategic projects to transform the financial system: regulatory optimisation, open finance, digital supervision, optimal risk management, and institutional modernisation. A new Basic Legal Circular was introduced under the regulatory optimisation programme. The update was presented at an SFC-hosted event with participation from financial institutions, industry associations, and academia.
The Financial Superintendence of Colombia outlined five strategic projects led by Superintendent César Ferrari to reform the financial system, including the introduction of a new Basic Legal Circular under the Regulatory Optimisation project. Other initiatives focus on open finance, digital supervision, optimal risk management, and institutional modernisation, with supporting materials provided at a recent event.
The Financial Superintendence of Colombia announced progress on five strategic projects aimed at transforming the financial system, including the introduction of a new Circular Básica Jurídica for regulatory optimisation. The update, presented at an event with industry stakeholders, also covered initiatives in open finance, digital supervision, risk management, and institutional modernisation.
Mexico's National Banking and Securities Commission has ordered a temporary managerial intervention in CI Banco, S.A. and Intercam Banco, S.A. to protect depositors and creditors. The intervention, based on Article 129 of the Credit Institutions Law, replaces the banks’ administrative bodies and legal representatives. Mexican financial authorities will continue coordinating actions to support financial system stability and integrity.
Mexico's National Banking and Securities Commission (CNBV) has initiated a temporary managerial intervention at CI Banco, S.A. and Intercam Banco, S.A. under Article 129 of the Credit Institutions Law to protect depositors and creditors. The intervention involves replacing the banks' administrative bodies and legal representatives due to potential impacts from U.S. Department of the Treasury measures. Mexican authorities will continue coordinating efforts to maintain financial system stability and integrity.
EFRAG released its final comment letter on the ISSB's exposure draft amending greenhouse gas emissions disclosure requirements in IFRS S2. EFRAG suggests proposed reliefs to omit certain disclosures should be temporary and reassessed as reporting practices develop. The letter serves as input to the ISSB’s due process, focusing on applying IFRS S2 for those reporting under the ESRS.
The Central Bank of Uruguay has issued a warning about a fraudulent AI-generated video misusing its image to promote a fake investment platform. The Bank emphasized that it does not endorse investment mechanisms or request personal data and urged the public to verify the authorization of financial product providers. It also encouraged reporting suspected fraud through official channels.
The Danish Finanstilsynet completed its annual designation of systemically important financial institutions (SIFIs) in Denmark, the Faroe Islands, and Greenland, resulting in three classification changes. Nordea Kredit Realkreditaktieselskab A/S moved to category 1, while Spar Nord Bank A/S is now included within the Nykredit Realkredit A/S group, which remains in category 3. The 2025 Danish SIFI groups include Danske Bank A/S, Nykredit Realkredit A/S, Jyske Bank A/S, Nordea Kredit Realkreditaktieselskab, Sydbank A/S, DLR Kredit A/S, Saxo Bank A/S, and Aktieselskabet Arbejdernes Landsbank.
The Central Bank of Cyprus will maintain the countercyclical buffer rate at 1.5% under the Macroprudential Supervision of Institutions Laws of 2015 to 2022, effective from 14 January 2026.
The European Securities and Markets Authority (ESMA) has issued technical advice to the European Commission on revising the UCITS Eligible Assets Directive to enhance regulatory clarity and uniformity. Key proposals include a look-through approach for asset eligibility, allowing up to 10% indirect exposure to alternative assets with safeguards, and improved retail investor access to EU alternative investment funds. The European Commission will consider this advice in its review of the directive.
The Bank for International Settlements, with CGAP, the IMF, the UN's Special Advocate for Financial Health, and the World Bank, released "Key considerations for open finance" to aid financial authorities. The paper defines open finance as customer-permissioned data access beyond banking, covering investments, insurance, and pensions, and discusses benefits, risks, and supervisory needs. It includes 10 framework elements, focusing on risk-based rules, privacy measures, and standardized APIs.
Tanzania's Ministry of Finance held a capacity-building programme for Microfinance Services Coordinators to enhance financial education and promote formal financial channels. Supported by the President’s Office, the Bank of Tanzania, and the Tanzania Cooperative Development Commission, it involved participants from 13 regions. Dr. Charles Mwamwaja emphasized the need for increased speed, innovation, and professionalism in community outreach.
The Tanzania Insurance Regulatory Authority will participate in the 49th Dar es Salaam International Trade Fair, operating an "Insurance Village" to connect the public with insurers and provide insurance education. The village will feature multiple insurance companies and an NHIF booth, offering various insurance services and opportunities for visitor feedback.
The Tanzania Insurance Regulatory Authority will participate in the Saba Saba 2025 International Trade Fair in Dar es Salaam, featuring an "Insurance Village" with various insurance companies. The event will showcase health, motor, and agricultural insurance products, and TIRA's Eastern Zone team will be available to gather public opinions and complaints.
The Ukraine National Commission on Securities and Stock Market attended the OSCE summit in Warsaw, focusing on digital asset market security and cross-border risk responses. Discussions covered regulatory strategies, international cooperation, and Financial Action Task Force standards, addressing risks related to DeFi, anonymous transactions, and stablecoins. The NSSMC highlighted the summit's relevance to Ukraine's legislative framework for virtual asset market regulation.
Angola's Ministry of Finance held a seminar under the Competition Regulatory Authority's advocacy strategy to foster dialogue among financial sector operators amid banking and insurance market convergence. ARC administrator Ana Ramalheira highlighted issues with banks hindering insurers and exceeding regulatory limits, advocating for an educational response to complaints. The seminar reviewed the ARC’s framework and competition law, focusing on restrictive practices in bancassurance and risks from collective agreements.
The Dutch Authority for the Financial Markets (AFM) released a study on banks and insurers using consumer behavioural insights, highlighting the growing prominence of behavioural expertise. The study notes that while interventions focus on improving consumer insight and self-reliance, there is potential in altering choice environments and product offerings. The AFM suggests integrating behavioural insights more structurally into processes like product development.
Dutch Authority for the Financial Markets (AFM) officials highlight systemic vulnerabilities in the Dutch audit sector, citing widespread exam fraud at major firms as indicative of broader issues. The AFM, alongside the US Public Company Accounting Oversight Board, has conducted investigations and imposed fines, emphasizing market and organizational drivers like time pressure and commercial incentives. The AFM plans to oversee firms' remediation efforts, focusing on outcome-based supervision while allowing firms to develop their own detection capabilities.
MONEYVAL's follow-up report indicates Romania has made limited progress in strengthening its anti-money laundering framework, with several moderate shortcomings remaining. Romania is rated compliant on seven of the 40 Financial Action Task Force recommendations, largely compliant on 18, and partially compliant on 15. The country will continue under MONEYVAL’s enhanced follow-up procedure, with a progress report due in May 2026.
Mexico's National Banking and Securities Commission (CNBV) has ordered a temporary managerial intervention of Vector Casa de Bolsa, S.A. de C.V. to protect investors and creditors by replacing its administrative bodies and legal representatives. This action, under Article 141 of the Securities Market Law, responds to potential implications from measures announced by the U.S. Department of the Treasury.
The Moroccan Insurance Authority (ACAPS) attended the third annual exchange meeting for ISO 37001 certified organizations at Bank Al-Maghrib in Rabat. The event, part of the Anti-Corruption Commission's annual roadmap, gathered around 20 organizations to discuss ethics and anti-corruption issues.
The Superintendency of Banks of Ecuador has enhanced its social media presence to provide verified and timely information to the public. It will utilize platforms such as Facebook, Instagram, X, LinkedIn, YouTube, and TikTok to disseminate information on the national financial system, prevention campaigns, and citizen alerts.
Mexico's Ministry of Finance and Public Credit reported that the Financial System Stability Council's 60th session concluded the financial system remains solid and resilient, despite global trade tensions and geopolitical conflicts. The Council noted easing inflation and monetary policy rate cuts globally, with the US Federal Reserve maintaining its target range. Domestically, the Mexican peso appreciated, bond yields declined, and equity indices rose, while potential vulnerabilities in non-bank financial intermediaries were deemed non-systemic.
Mexico's Financial System Stability Council reported the financial system remains solid and resilient despite global uncertainties, following its 23 June 2025 session. Key risks include global volatility from trade policies, geopolitical tensions, and potential surprises in financial conditions. Local markets showed stability with the peso appreciating, bond yields declining, and equity indices rising, while commercial banks maintain strong capital and liquidity.
The Australian Securities & Investments Commission announced that the Companies Auditors Disciplinary Board has cancelled Bradley Laurence Willot Taylor's registration as a company auditor due to inadequate performance in auditing iSignthis Ltd’s 2018 financial statements. Taylor, a partner at Grant Thornton Audit Pty Ltd, was subject to ASIC's application to the CADB in November 2020. The proceedings faced delays due to related criminal cases and judicial reviews, with ASIC emphasizing auditor misconduct as a 2025 enforcement priority.
The Australian Securities & Investments Commission (ASIC) has formed a three-member panel to investigate the Australian Securities Exchange (ASX) group's governance, capability, and risk management. Chaired by Rob Whitfield, with Christine Holman and Guy Debelle, the panel will recommend solutions for deficiencies. The inquiry, linked to concerns about ASX's infrastructure stability, will conclude with a report by 31 March 2026. An ASIC Secretariat, led by Senior Executive Jane Eccleston, will support the panel.
The Australian Securities & Investments Commission (ASIC) announced that Cairns pawnbroker Cash Lenders was fined AUD 12,000 by the Cairns Magistrates Court for unlicensed credit activity. Between July 2015 and May 2020, Cash Lenders issued 9,641 pawn tickets functioning as credit contracts, allowing debt recovery actions beyond typical practices. ASIC highlighted excessive fees, misleading loan representations, and inadequate contract term disclosures. The prosecution followed an ASIC referral, prompted by concerns from the Indigenous Consumer Assistance Network.
The Luxembourg Commission de Surveillance du Secteur Financier reported a year-on-year decline in net interest income for the Luxembourg banking sector as of 31 March 2025, attributed to falling interest rates. Despite higher fee and commission income and other net income, the cost-to-income ratio slightly increased, with 14 out of 116 banks recording negative results. Staff costs and general expenses also rose during the period.
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) reported that its chair, Margarida Corrêa de Aguiar, hosted a delegation from the Monetary Authority of Macao on 16 June. The delegation included Wilson Vong Lap Fong, board member responsible for insurance supervision, and Doris Chan, Director of Supervision.
Greece’s Ministry of National Economy and Finance, represented by Deputy Minister Giorgos Kotsiras, emphasized internal audit's role in enhancing fiscal responsibility and public administration integrity. The ministry supports the Internal Audit System framework to improve accountability and transparency, focusing on technology upgrades and formal audit procedures. Internal audit is crucial for effective tax administration and anti-tax-evasion efforts, aiming to boost compliance and return resources to citizens.
Greece's Ministry of National Economy and Finance, through Deputy Minister Giorgos Kotsiras, emphasized extending digital transformation to enhance economic competitiveness and tax compliance. Key initiatives include connecting POS terminals to cash registers and the myDATA system, which generated an additional EUR 2 billion in 2024. A draft customs code aimed at modernizing outdated provisions is open for public consultation.
The Central Bank of Colombia updated rules on interoperability for immediate low-value payment systems, detailing how "Identifiers as Keys" can be uploaded under transitional measures. This modifies sections of External Regulatory Circular DSP-465, allowing participants to request identifier uploads from systems maintaining these databases. The circular targets administrators of low-value payment systems and relevant Colombian supervisory bodies.
The Bank of the Lao PDR’s Bank Inspection Department conducted a meeting to enhance staff understanding of corruption prevention and anti-corruption frameworks. Co-chaired by Vingsavanh Xaiyavong and Thepphathai Phankha, the session covered updates on relevant laws and compliance, with 120 participants from various financial sectors.
The Financial Conduct Authority (FCA) announced that Matthew and Nikolas West pleaded guilty to insider dealing, with sentencing rescheduled to 1 September 2025. Matthew West traded shares using confidential information, generating GBP 42,948 in profits, while Nikolas West dealt on disclosed information. The offences, occurring between 2016 and 2020, are punishable by a fine and/or up to seven years’ imprisonment.
Hong Kong's Financial Services and the Treasury Bureau released Policy Statement 2.0 on Digital Assets, introducing a "LEAP" framework for risk management and investor protection. The Securities and Futures Commission will oversee licensing for digital asset dealing and custodian services, with a stablecoin issuer licensing regime set for August 1. Plans include tokenisation of government bonds, real-world assets, and financial instruments, alongside a blockchain and digital asset funding scheme by Cyberport.
The Mauritius International Financial Centre reported on the 2025 Workshop on Gender Mainstreaming in the Financial Services Sector, urging stakeholders to commit to the Women in Investment and Finance Charter. The Charter, initiated by the Association of Women in Investment and Finance, advocates for internal gender targets and leadership accountability. Several firms reaffirmed their commitment, with others pledging to join.
The Slovenia Insurance Supervision Agency summarized its director's address at the 31st Insurance Days, noting a 13% decline in gross premiums to EUR 2.43 billion in 2024 due to the abolition of supplementary health insurance. The agency is guiding insurers on preventive recovery plans under the IRRD directive and preparing a new insurance resolution law. Key topics included natural catastrophe protection proposals, distribution transparency challenges, and intensified supervision under the DORA Regulation.
The Hong Kong Securities and Futures Commission (SFC) announced that the Court of First Instance has set terms for a buy-out offer requiring Mr. Wen Yibo to purchase shares from minority shareholders of Sound Global Ltd. at $2.98 per share, following findings of falsified bank balances. Wen has not made the required advance payment to the court-appointed administrator and has proposed postponing implementation due to enforcement measures over his Mainland assets. The SFC is considering Wen’s proposal and appropriate actions.
The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have concluded their joint consultation on the annual update to the Financial Services Providers list under the OTC derivatives clearing regime. The update, confirming changes proposed in April 2025, will be gazetted in Q4 2025 and implemented on 1 January 2026.
The Australian Prudential Regulation Authority (APRA) released results from its 2025 biennial stakeholder survey, showing strong support for its supervisory approach among banks, insurers, and superannuation trustees. With a 70% response rate, the survey revealed positive impacts on organizational strength and risk management, though only 24% felt regulatory cost considerations were adequate. APRA Chair John Lonsdale noted the feedback will inform APRA's priorities, balancing financial safety with minimizing industry burden.
The Australian Prudential Regulation Authority (APRA) has published product-level data on superannuation retirement products to enhance transparency regarding investment returns, fees, costs, and strategies. This release includes performance data for 600 multi-sector investment options, detailing fee structures, investment strategies, and strategic asset allocations. APRA plans to expand insights in the 2026 Comprehensive Product Performance Package.
The Austrian Financial Market Authority issued a circular on the supervisory framework for private residential real estate loans post-KIM-V expiry on 30 June 2025, maintaining core lending standards with flexibility for justified deviations. Key rules include a maximum 90% loan-to-collateral ratio, repayment instalments capped at 40% of annual income, and a maximum term of 35 years. The FMA highlighted a significant rise in residential property loans and warned of potential systemic risks due to overvalued real estate.
The Austrian Financial Market Authority (FMA) held its first in-person dialogue with Austria's financial influencers to address applying financial market rules to social media, focusing on preventing unlawful investment advice. The Vienna meeting discussed risks of misleading information, promoting complex products, and undisclosed conflicts of interest. The FMA will evaluate if current regulations adequately cover finfluencers' impact on retail investors and market participants.
The Portuguese Securities Commission (CMVM) released a research paper highlighting capital market development's role in fostering economic growth and innovation in Portugal. The study finds that improved access to capital markets enhances investment, productivity, and innovation, with listed firms and venture capital-backed companies showing superior performance. It also notes limited household participation in capital markets due to economic and behavioral barriers.
The Portuguese Securities Commission (CMVM) determined that Visabeira Indústria SGPS, S.A.'s acquisition of a stake in Martifer, SGPS, S.A. does not require a mandatory public takeover bid, as Visabeira lacks dominant influence. Despite clauses suggesting coordinated voting, Visabeira cannot override I’M — SGPS, S.A.'s position, which holds 49.18% of voting rights. Visabeira must notify the CMVM of significant voting rights changes and launch a takeover bid if it gains dominant influence.
The Hong Kong Monetary Authority and the Asian Infrastructure Investment Bank have partnered to support venture capital in emerging Asia through joint investments in VC funds. The focus will be on innovative technologies and green infrastructure, leveraging AIIB's expertise and network. The initiative aims to enhance Hong Kong's venture capital and innovation ecosystem.
The Hong Kong Monetary Authority and the Securities and Futures Commission have concluded their joint consultation on the annual updates to the Financial Services Providers List under Hong Kong’s OTC derivatives clearing regime. The updates, based on the April 2025 consultation, will be implemented on 1 January 2026. The consultation conclusions and updated list are available on the HKMA and SFC websites.
The International Association of Insurance Supervisors released its mid-year update of the 2025 Global Insurance Market Report, noting stability in the global insurance sector at year-end 2024 with consistent solvency, liquidity, and profitability. The report highlights risks from slower global growth, trade tensions, and rising debt burdens, while diversified portfolios have bolstered returns. Supervisory focus areas include geoeconomic fragmentation, private credit investments, AI governance, and cyber and climate-related risks.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has approved Dina Tuleubekovna Galieva as a member of the governing body and an independent director of JSC Halyk Global Markets, a subsidiary of JSC Halyk Bank of Kazakhstan.