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2025-06-18•United Kingdom•The Pensions Regulator
The Pensions Regulator urged defined contribution scheme trustees to prepare for the Pension Schemes Bill by focusing on governance and member services. Interim Director Patrick Coyne highlighted four action themes: reviewing investment strategies, assessing value propositions and considering consolidation, enhancing digital infrastructure for data quality, and innovating retirement products.
Policy & regulationGuidance & interpretationOther
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2025-06-18•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
The Trinidad and Tobago Ministry of Finance seeks parliamentary approval for an additional TTD 3.14bn in spending under the Finance Supplementary Appropriation Bill 2025, projecting a fiscal deficit of TTD 9.67bn. The budget allocates TTD 2.87bn for recurrent expenditure and TTD 278.9m for development, focusing on health, public utilities, and education. The ministry announced a USD 15m loan for Tobago's coastal protection and outlined policy work, including transfer pricing legislation and measures for foreign exchange shortages.
Policy & regulationRules & requirements
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2025-06-18•Barbados•Central Bank of Barbados
The Central Bank of Barbados announced a cooperation agreement with the CARICOM Committee of Central Bank Governors and the International Finance Corporation to develop a regional green finance taxonomy for the English-speaking Caribbean. This initiative aims to define green assets, expand climate-related lending and investment, and support green job creation, involving collaboration with financial institutions and regulators to ensure alignment with international standards and local context.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-06-17•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reached a settlement with AG Insurance, Allianz Benelux, Axa Belgium, and P&V Verzekeringen, involving a EUR 200,000 payment and public disclosure of the firms' names on the FSMA website.
EnforcementInvestigations & enforcement actionsOther
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2025-06-17•Uruguay•Central Bank of Uruguay
Uruguay's Central Bank Financial Stability Committee reported a stable financial system, supported by strong liquidity and resilience. It highlighted macro-financial risks from global volatility, regional challenges in Argentina and Brazil, and domestic solvency and liquidity. Ongoing regulatory adjustments aim to manage risks related to livestock-sector capitalization contracts without impacting stability.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2025-06-17•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported remittance inflows of USD 985.5 million in May 2025, totaling USD 4,903.0 million from January to May, an 11.9% year-on-year increase. Remittances from the United States comprised 83.1% of May's total, with contributions from Spain, Haiti, Italy, and Switzerland. The bank forecasts remittances of USD 11.3 billion and foreign direct investment of USD 4.7 billion by year-end, with international reserves at USD 14,643.6 million, covering 5.4 months of imports.
Data & statisticsBalance of payments and other external statistics
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2025-06-17•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has licensed Madafuou Alarabia Company to conduct buy now pay later (BNPL) activities, bringing the total number of SAMA-licensed finance companies to 67. This move supports the finance sector's efficiency and innovation, promoting financial inclusion in Saudi Arabia. SAMA emphasized the importance of engaging with authorized financial institutions.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-17•Montenegro•Central Bank of Montenegro
The Financial Stability Council, led by Central Bank of Montenegro Governor Irena Radovic, reviewed its 2024 report and Q1 2025 update, noting preserved stability and moderate systemic risks. It highlighted rising cyclical risks from high real estate prices and supported aligning domestic laws with the EU's DORA for better cybersecurity. Recent data showed mixed indicators: increased tourist arrivals and loans, but declines in industrial output and transport.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2025-06-17•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg is partnering in a national campaign to combat online fraud, launched at the Governance, Risk, Compliance Summit. Supported by over fifteen partners, including the Luxembourg House of Cybersecurity and the Ministry of Economy, the initiative aims to address complex fraud schemes and enhance cybersecurity for the public and financial sector, underscoring the importance of securing payment instruments to maintain public confidence.
Financial literacy & educationFraud and scamsCyber resilience
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2025-06-17•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has extended the exception allowing banks to provide certain investment services in securities and derivatives until 31 December 2030. This extension aims to facilitate a smooth transition of these activities to securities distributors and brokers while ensuring market continuity. Banks must apply for endorsement or registration and provide detailed reporting during this period.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-06-17•Ukraine•National Bank of Ukraine
The National Bank of Ukraine's Financial Stability Report highlights favorable banking conditions in H1 2025, with historical highs in capital adequacy, liquidity, profitability, and loan quality. Banks are expanding lending, with hryvnia loan growth rates at 34% for households and 29% for businesses, while deposit rates have risen following policy rate hikes. The report also notes resilience assessments and plans for EU acquis alignment, including capital buffers and leverage ratio requirements.
SupervisionRisk monitoring & watch pointsCredit riskFinancial stability and systemic risk
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2025-06-17•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released a keynote speech by Commissioner Alan Kirkland on enhancing credit protections, focusing on predatory lending, financial hardship, and debt management misconduct. ASIC's review of small amount credit contracts found unsuitable lending and target market issues, with scrutiny on motor vehicle finance affecting vulnerable consumers. Enforcement actions include proceedings against Westpac, National Australia Bank, and Resimac for hardship response failures. ASIC is also addressing debt collection and credit repair industry concerns, issuing infringement notices and pursuing legal actions. The speech highlighted obligations in AI and cybersecurity, noting enforcement against FIIG Securities for cybersecurity lapses.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
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2025-06-17•Uruguay•Central Bank of Uruguay
Central Bank of Uruguay's president, Guillermo Tolosa, at a Vistage Uruguay event, emphasized reducing credit costs in Uruguayan pesos and enhancing domestic currency lending. Tolosa noted a structural financing gap, with higher peso borrowing costs compared to US dollars and unfavourable real interest rates relative to other South American countries. He stressed Uruguay's strong inflation control and institutional stability as key to navigating global uncertainty.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-06-17•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission updated eligibility for Asset and Fund Manager Certificates, linked to a ten-year tax holiday. One officer qualifies for an Asset Manager Certificate if managing USD 50-100 million, and two for USD 100 million. Fund Manager Certificate eligibility is per fund with similar thresholds. Other conditions, including annual certification and reporting to the Mauritius Revenue Authority, remain unchanged.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-06-17•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority is participating in the Public Service Week exhibition in Dodoma to educate the public and stakeholders on insurance services and its digital transformation efforts. The Authority is highlighting insurance customer rights, economic opportunities, and the role of insurance across various sectors, while showcasing its TIRAMIS system for sector supervision.
Financial literacy & educationFinancial literacy and education
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2025-06-17•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has licensed Madafuou Alarabia for buy-now-pay-later (BNPL) activities, bringing the total number of licensed finance companies to 67. SAMA emphasized the importance of engaging only with authorised financial institutions and referred to its website for a list of licensed entities.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-17•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance announced a cooperation protocol between the Insurance Regulatory and Supervisory Agency (ARSEG) and the National Institute for Support of Micro, Small and Medium Enterprises (INAPEM) to enhance regulation and insurance promotion for smaller businesses. The initiative aims to increase insurance penetration and support MSME inclusion in the financial system, aligning with Decree No. 53/05 on workplace accidents and diseases.
Policy & regulationCooperationSME financing
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2025-06-17•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported a EUR 54 billion (3%) decline in Dutch pension funds' investment value in Q1 2025, mainly due to foreign exchange losses. The US dollar depreciation caused a EUR 24 billion (4%) loss on US dollar holdings, partially offset by EUR 11 billion gains from currency-hedging derivatives. Pension funds managed EUR 1,771 billion in assets, with significant US dollar exposure, and typically hedge only part of their foreign exchange risk.
Data & statisticsBalance of payments and other external statistics
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2025-06-17•Uruguay•Ministry of Economy & Finance (Uruguay)
Uruguay's Financial Stability Committee, including the Ministry of Economy and Finance and the Central Bank, confirmed the financial system's stability, citing solvency, liquidity, and resilience. The committee reviewed macro-financial risks, noting international volatility, geopolitical tensions, and regional challenges, particularly in Argentina and Brazil. It reported no direct impact from livestock sector capitalization contracts on stability and is developing regulatory changes to manage related risks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2025-06-17•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
MONEYVAL's follow-up report shows Bulgaria has improved its anti-money laundering and counter-terrorist financing framework, achieving compliance or large compliance with 32 Financial Action Task Force Recommendations. Notable improvements include targeted financial sanctions, customer due diligence, and transparency of legal persons. Bulgaria did not seek re-rating for eight partially compliant Recommendations and will report back to MONEYVAL within a year on further progress.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-06-17•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported a 12.4% increase in total exports for April 2025, reaching USD 5,802 million, driven by a 10.6% rise in export prices and a 1.5% increase in volumes. Higher international metal prices, particularly for gold, copper, and zinc, contributed significantly to this growth. From January to April, exports totaled USD 26,590 million, marking a 22.2% year-on-year increase.
Data & statisticsBalance of payments and other external statistics
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2025-06-17•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique conducted a financial education outreach programme in Mandlakazi district, Gaza province, during Global Money Week 2025, focusing on insurance, saving, and entrepreneurship. The programme included talks, workshops, and recreational activities, engaging over 300 participants. Feedback from the event will be considered by the Institute.
Financial literacy & educationFinancial literacy and education
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2025-06-17•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) held a Student Integrity Campaign at Universitas Lambung Mangkurat to promote governance and integrity in the financial sector. Audit Board Chair Sophia Wattimena highlighted the importance of advisory, audit, and risk management functions, addressing cyber-enabled fraud risks and applying governance principles to AI and machine learning. The campaign is part of OJK's broader Governance Roadshow to embed these values across Indonesia.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-17•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) hosted a Governansi Insight Forum in Banjarmasin, emphasizing integrity and good governance in the financial sector. The forum highlighted Financial Services Authority Regulation No. 12 of 2024, mandating an anti-fraud strategy for financial institutions to enhance fraud risk resilience. OJK is also integrating governance expectations internally through the Corruption Eradication Commission Integrity Assessment Survey.
Policy & regulationRules & requirementsCorporate governance
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2025-06-17•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan hosted a National Workshop in Islamabad on transitioning to Defined Contribution (DC) Pension Schemes. Finance Minister Senator Muhammad Aurangzeb emphasized the unsustainability of the current defined benefit system and government support for the transition. SECP Chairman Akif Saeed highlighted progress in developing a regulatory framework for DC schemes, focusing on technology, transparency, and awareness-building.
Policy & regulationReform agendas & priorities
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2025-06-17•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan secured the first insider trading conviction, with the Sindh Special Court convicting Mr. Zakir Hussain Somji of Habib Metropolitan Bank Limited for violating Section 128 of the Securities Act, 2015. The court imposed a PKR 8,599,938 penalty, three times the unlawful gain. The conviction followed SECP's investigation into suspicious trading activities linked to the bank's investment decisions.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-06-17•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance reported on a Financial Sector Development Council meeting, chaired by Prime Minister Evika Siliņa, which reviewed lending environment developments and legal amendments to simplify individual refinancing. Discussions included potential regulatory adjustments for refinancing loans to legal persons to enhance lender competition and borrower mobility. Latvijas Banka noted lending growth surpassing economic indicators, with Latvia recording the euro area’s fifth-highest annual growth rate in the non-financial private sector loan portfolio.
Policy & regulationReform agendas & prioritiesLending
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2025-06-17•Norway•Department of Finance (Norway)
Norway's Ministry of Finance is consulting on a proposal by the Norwegian Financial Supervisory Authority (Finanstilsynet) to introduce administrative fines for insider trading violations. This would provide an alternative to existing criminal sanctions, excluding the most serious cases. The proposal is supported by Økokrim and aims to enhance enforcement effectiveness.
Policy & regulationRules & requirementsMarket abuse
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2025-06-17•United Kingdom•Financial Conduct Authority
The Upper Tribunal upheld the UK Financial Conduct Authority's decision that Craig Donaldson and David Arden, former Metro Bank executives, were knowingly involved in a Listing Rules breach due to inaccurate market disclosures. Fines of £167,325 and £100,950 were imposed on Donaldson and Arden, respectively, with final notices issued. Metro Bank had previously been fined £10,002,300 for the breach after its share price fell 39% following the correction of a material data error.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-17•Sweden•Riksbank
Sweden's Riksbank has decided to renovate its Brunkebergstorg building, requiring full replacement of technical infrastructure such as air, ventilation, fire safety, and lighting systems. The renovation will preserve the building's cultural and historical value and is expected to take several years. To minimize disruption, the Riksbank is securing additional office space in Stockholm, with relocation anticipated to begin in late 2026.
Institutional developmentOtherOperational risk and resilienceOrganizational structure
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2025-06-17•Global•World Bank
The World Bank approved USD 30 million in grants for Yemen to enhance digital financial infrastructure and sustain basic education access in disadvantaged areas. A USD 20 million grant will fund the Yemen Financial Market Infrastructure and Inclusion Project, focusing on digital payment systems and financial service access. A USD 10 million grant will support the Sustaining Education and Learning Project, aimed at maintaining school operations and improving access, particularly for girls in rural areas.
Policy & regulationImplementation, projects & pilots
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2025-06-17•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 and the National Bank of Kazakhstan held a joint meeting with First Abu Dhabi Bank (FAB) to discuss expanding investment partnerships and developing Islamic finance. The parties agreed to enhance cooperation to advance Kazakhstan’s financial sector. FAB, formed in 2017, has total assets of USD 356bn and a market capitalisation of USD 34.7bn.
Policy & regulationCooperationOther
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2025-06-17•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority alerted about scams with fake websites, banking login screens, and phishing emails targeting banks like The Bank of East Asia and Standard Chartered Bank (Hong Kong). HKMA stressed banks won't send SMS or emails with transaction hyperlinks or request sensitive information via phone, email, or SMS. Affected customers should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-06-17•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 has issued Amaranth Capital JSC a licence to operate in the securities market, effective 10 June 2025.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-17•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority imposed a GBP 2,376 penalty on Edwin A Fryer Accountant for breaches of the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019. The investigation revealed systemic weaknesses since 2019, including inadequate AML/CFT procedures, customer due diligence, and compliance monitoring. The penalty reflects cooperation and early settlement, with learning points for the accountancy sector on maintaining risk-based AML/CFT frameworks.
EnforcementInvestigations & enforcement actions
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2025-06-17•Ghana•Bank of Ghana
Bank of Ghana Governor Johnson P. Asiama announced initiatives to boost digital finance and inclusion, including a National Digital Finance Interoperability Forum, guidelines for interoperable digital identity standards, and an AI and Risk Governance Working Group. These aim to address mobile money dominance, enhance open banking readiness, data governance, and consumer protection. Asiama also highlighted the cedi's stability due to market-oriented policies and mentioned upcoming legislation on virtual assets.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
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2025-06-17•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC), led by Secretary-General Chuchat Pramoolpol, participated in the 2025 NAIC International Insurance Forum in Washington, DC. The OIC discussed supervisory issues on macroeconomic change, risk management, and regulatory frameworks, and held bilateral talks with NAIC President Jon Godfread and California Insurance Commissioner Ricardo Lara on catastrophe insurance, health insurance, and risk-based capital.
Policy & regulationCooperation
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2025-06-17•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force, with the United Nations Office on Drugs and Crime and the German Agency for International Cooperation, launched a regional workshop in Rabat, Morocco, on criminal asset tracing, freezing, and confiscation. The event aims to enhance confiscation procedures and interagency cooperation, using tools like artificial intelligence and big data analytics, with participation from financial intelligence units and international experts.
Policy & regulationCooperation
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2025-06-17•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
MENAFATF, with the UN Office on Drugs and Crime and the German Agency for International Cooperation, launched a Rabat workshop on criminal asset tracing, freezing, and confiscation to strengthen capacity per FATF standards. The 16–18 June 2025 event in Morocco includes participants from various authorities and international experts, focusing on interagency cooperation and modern investigative tools.
Policy & regulationImplementation, projects & pilots
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2025-06-17•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan announced that its chair, Firdavs Tolibzoda, discussed Tajikistan's investment environment and banking sector in an interview with The Investor. Tolibzoda highlighted the country's favourable conditions and regulatory framework for foreign direct investment. The Investor plans to feature Tajikistan's opportunities to its network of 165,000 investors and executives.
Other
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2025-06-17•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten (CBCS) raised the maximum for a one-time walk-in exchange of Netherlands Antillean guilders (ANG) to Caribbean guilders (XCG) from ANG 2,500 to ANG 20,000. Exchanges above this amount require an appointment and documentation of funds, aligning with AML/CFT standards. The ANG will cease to be legal tender on 1 July 2025, but remains exchangeable until 31 March 2026 at banks and until 31 March 2055 at CBCS.
Policy & regulationRules & requirementsCross-border payments
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2025-06-17•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has extended its cooperation with the Ministry of Management and Innovation in Public Services to enhance the EVA PREVIC data platform. This includes new dashboards, a Market Monitor Panel for internal use, and a public Licensing Panel to improve licensing management. The 18-month agreement aims to expand supervisory transparency and make the PREVIC information dashboard publicly accessible.
Institutional developmentTechnology & data transformationOther
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2025-06-17•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported that its training platform, Escuela SB, trained 19,031 individuals with 29,390 enrolments in its first year. The platform offers virtual courses on financial education, regulation, and professional development, targeting staff of supervised entities and the public. Planned enhancements include redesigning the learning management system, improving course quality, and expanding offerings to establish Escuela SB as a regional hub.
Policy & regulationImplementation, projects & pilotsFinancial literacy and education
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2025-06-17•Estonia•Finantsinspektsioon
Estonia's Financial Supervision and Resolution Authority has withdrawn the payment institution operating licence of AS Creditinfo Eesti following the firm's application for withdrawal. The company had not provided account information services since 31 May 2025. Two payment institutions with exemptions continue to operate under licences issued by the authority.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-06-17•Morocco•Central Bank of Morocco
The Central Bank of Morocco and the High Commission for Planning have signed a partnership agreement to enhance cooperation in statistics and economic analysis. The agreement includes establishing a secure, automated data exchange system, sharing expertise, and harmonizing statistical reference systems. The institutions aim to align Morocco's national statistical system with international standards.
Institutional developmentCooperation & capacity buildingDomestic cooperation
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2025-06-17•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has initiated judgment in an administrative proceeding against Romes Gonçalves Ribeiro of Banco de Brasília S.A. over alleged conflicts of interest and disclosure failures. CVM President João Pedro Nascimento voted to acquit Ribeiro on most allegations but recommended a warning for incomplete registration forms. The session was suspended for further review by Director Otto Lobo.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-17•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority granted its first fiat-backed stablecoin license to AnchorX.KZ Limited, authorizing money services related to digital assets. This approval, under the Stablecoin Framework introduced in January 2024, permits 1:1 fiat-backed stablecoins pegged to recognized currencies like USD, EUR, CNY, and NOK. AnchorX aims to leverage this for future cross-border financial solutions, highlighting Kazakhstan's growing economic ties with China.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-17•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has granted Azvvallet LLC an indefinite licence to operate as an electronic money institution. This decision follows an assessment under Azerbaijan’s Law on Payment Services and Payment Systems and was approved by the Central Bank’s Board.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-17•Albania•Albania Financial Services Authority
The Albania Financial Services Authority reported a 9.21% increase in total net assets of Albania’s collective investment undertakings market, reaching ALL 67.01 billion (EUR 675 million) by end-March 2025. The number of investors rose by 6.00% to 40,053. Six licensed management companies managed 18 investment funds, with portfolios heavily invested in Albanian government securities.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-17•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay reported the close of the 9th Forum of Deposit Insurers of the Americas in Asuncion. The meeting brought together regional supervisors, deposit insurers and resolution authorities to discuss crisis management, cooperation and the role of deposit insurance in financial safety nets. Participants ended the forum by calling for continued technical dialogue and vigilance over risks to public confidence.
Policy & regulationCooperationCapacity buildingFinancial stability and systemic risk
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2025-06-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia hosted the Sasana Symposium 2025, focusing on structural reforms to enhance Malaysia's resilience. Key initiatives include the launch of a Digital Asset Innovation Hub and a Climate Finance Innovation Lab. The event featured discussions on digital assets, climate finance, and regional economic milestones.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-06-17•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a Russia sanctions notice identifying 20 vessels under the UK's Russia (Sanctions) (EU Exit) Regulations 2019, applicable in Guernsey. Businesses must verify connections to these vessels and comply with reporting obligations to the States of Guernsey Policy & Resources Committee and the Commission.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-06-17•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a Russia sanctions notice designating 10 individuals and entities under the UK's Russia (Sanctions) (EU Exit) Regulations 2019, applicable in Guernsey. Firms must freeze relevant assets and report any findings to the States of Guernsey Policy & Resources Committee. Affected firms are also required to report to the Commission under Handbook Rule 12.37 with customer or transaction details.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-06-17•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) issued a warning that six companies, including MuxCap, Trendscentre, and Virtus Capital, are not registered to deal or advise in securities in Ontario. The OSC advises investors to consult its warning list and registration-check resources.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-06-17•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario announced the approval of its Fraud Reporting Service Rule, mandating Ontario automobile insurers to report specified fraud information once related Insurance Act changes are enacted. This initiative aims to enhance fraud tracking and identification, which FSRA associates with higher premiums, and will involve collaboration with the industry and government for implementation.
Policy & regulationRules & requirementsFraud and scams
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2025-06-17•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo convened the National Payments Council to discuss reforms for integrating Kosovo's payment system into the European infrastructure, including SEPA accession. A legal package aligning with EU standards has been approved, but the European Commission's assessment is delayed due to constitutional review. The bank also initiated a "TIPS Clone" fast payments system with the Bank of Italy to enhance payment efficiency and security.
Policy & regulationImplementation, projects & pilotsPayments and payment systemsMarket development
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2025-06-17•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission urges bondholders of 14 Energy Absolute Public Company Limited bond series to review information and exercise their rights at the electronic Bondholders’ Meeting on 20 June 2025. The agenda includes voting on bondholder waivers and a proposed debt restructuring to extend maturity by 11 years with a 0.50% annual interest-rate increase. Bondholders should analyze the proposals' impacts and seek comprehensive information before voting.
SupervisionInterventionsSecurities offerings and listings
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2025-06-17•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) has issued new guidelines to enhance consumer protection in the mortgage market. These include requirements for lenders to notify borrowers in writing at least one month before the expiration of time-limited interest-rate discounts and updated methods for calculating interest rate differential compensation for early mortgage repayment. The guidelines will be effective from 1 July 2025.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-06-17•Europe•European Commission
The European Commission has adopted measures to simplify the EU securitisation framework under the Savings and Investments Union Strategy, aiming to facilitate securitisation activity while ensuring financial stability. Proposed amendments to the Securitisation Regulation and Capital Requirements Regulation (CRR) focus on reducing operational costs and enhancing risk sensitivity. Amendments to the Liquidity Coverage Ratio (LCR) and Solvency II Delegated Regulations address eligibility inconsistencies and prudential costs for securitisations.
Policy & regulationRules & requirementsSecuritization
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2025-06-17•United States•U.S. Financial Services Committee
U.S. House Financial Services Chairman French Hill welcomed the Senate's passage of the GENIUS Act, marking progress toward stablecoin regulations and a digital asset framework. Hill praised Senate Banking Chairman Tim Scott and Senators Bill Hagerty and Cynthia Lummis for their efforts. He committed to working with House colleagues to enhance regulatory clarity and protections for digital assets.
Policy & regulationRules & requirements
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2025-06-17•Russia•Central Bank of Russia
The Central Bank of Russia proposed a draft ordinance to expand non-governmental pension funds' investment options by removing specific limits and allowing a higher share of higher-risk assets, increasing from 7% to 15% of pension reserves. The proposal includes canceling limits on various bonds and securities and expanding the list of eligible shares. Additionally, it plans to reduce the concentration limit for investments in a single entity from 10% to 5% by 2030.
Policy & regulationRules & requirementsOther
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2025-06-17•Canada•Financial Consumer Agency of Canada
At Open Banking Expo Canada 2025, FCAC Commissioner Shereen Benzvy Miller highlighted progress on Canada's Consumer-Driven Banking Framework, emphasizing secure alternatives to screen-scraping and consumer trust safeguards. FCAC research shows low awareness of open banking and a preference against screen-scraping. The framework includes the Consumer-Driven Banking Act, FCAC's oversight role, and collaboration with the Department of Finance on consumer protection and security standards.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2025-06-17•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority (FIN-FSA) rates money laundering and terrorist financing risks in life insurance as moderately significant. Elevated risks stem from endowment and capital redemption policies, necessitating stronger risk controls, especially in customer due diligence and suspicious transaction reporting. FIN-FSA urges life insurers to enhance resources and controls to manage these risks effectively.
SupervisionRisk monitoring & watch pointsAML and CFT
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2025-06-17•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has issued new decisions on temporary licensing for specialised medical insurance and healthcare programme management companies under the Unified Insurance Law. Decision No. 90 of 2025 outlines capital and operational requirements, while Decision No. 102 of 2025 extends the compliance period by one year. The authority also plans to introduce further rules on customer protection, solvency, and governance under the law.
Policy & regulationRules & requirementsLicensing framework and process
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2025-06-17•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission (KNF) hosted a meeting in Warsaw for the European Securities and Markets Authority (ESMA) Board of Supervisors and Management Board, coinciding with Poland's EU Council Presidency. The agenda included discussions on ESMA management, legislative proposals, and key issues for EU capital markets supervision, such as UCITS, EMIR 3, MiCA Regulation, and ESG disclosure.
SupervisionCooperationCross-border cooperation
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2025-06-17•Chile•Chile Financial Market Commission
The Chile Financial Market Commission and the Superintendence of Pensions have proposed a joint regulation to amend the System of Consultations and Offers of Pension Amounts (SCOMP). The changes, effective from 1 September 2025, will eliminate external pension offers from SCOMP, requiring companies to submit their best offers within the system. A transition period allows external offers in Offer Certificates until 31 August 2025.
Policy & regulationRules & requirementsOther
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2025-06-17•Chile•Chile Financial Market Commission
Chile's Financial Market Commission issued a regulation setting minimum standards for security, registration, and authentication for electronic payments and transfers, applicable to banks, payment card issuers, and cooperatives. It mandates reinforced client authentication for specific use cases, with broader application allowed under certain conditions. The CMF is also evaluating the need for standards for other retail payment system participants.
Policy & regulationRules & requirementsPayments and payment systemsOperational risk and resilience
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2025-06-17•Vietnam•State Bank of Vietnam
At the Banking Times Party Committee Congress, State Bank of Vietnam Deputy Governor Pham Thanh Ha outlined priorities for enhancing policy communications through digital transformation and AI. The reorganisation includes merging with Banking Magazine and integrating the central bank's online portal into the newsroom, positioning it as a central information hub. Six priority workstreams were set for 2025–2030, focusing on governance, oversight, and a multi-platform media ecosystem.
Institutional developmentMandate & organizational structureOther
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2025-06-17•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on the sixth Party Congress of the Vietnam Bank for Social Policies (VBSP) Central Office for the 2025–2030 term, targeting 10% average annual growth in policy lending and an overdue debt ratio below 2%. The congress reviewed 2020–2025 results, noting 12.3% average annual growth in funding sources and 11.6% in outstanding loans, with overdue debt averaging 0.2%. As of 31 May 2025, total policy credit resources were VND 410,857bn, with outstanding loans at VND 389,388bn and overdue debt at 0.22%.
Institutional developmentLeadership change & appointmentsOther
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2025-06-17•Global•Financial Stability Board
The Financial Stability Board’s Regional Consultative Group for Sub-Saharan Africa met in Livingstone to discuss regional financial stability. Key topics included global and regional financial vulnerabilities, extreme weather impacts, and progress on the G20 Roadmap for cross-border payments. The group also addressed regional developments in crypto-assets and stablecoins, focusing on implementing the FSB’s regulatory framework.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-06-17•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) hosted a session for secondary school students as part of its Financial Education programme with Junior Achievement Argentina. The event included technical briefings, a visit to the Buenos Aires Stock Exchange, and discussions on accounting supervision, capital markets regulation, and anti-money laundering. CNV director Sonia Salvatierra emphasized equipping students with essential knowledge for entering the capital markets.
Financial literacy & educationFinancial literacy and education
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2025-06-17•China•China Banking and Insurance Regulatory Commission
China Banking and Insurance Regulatory Commission head Li Yunze and Financial Conduct Authority Chief Executive Nikhil Rathi met in Shanghai to discuss the macroeconomic and financial environment. They aim to advance plans for a supervisory cooperation memorandum of understanding.
SupervisionCooperationCross-border cooperation
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2025-06-17•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) launched a pension education programme for employers, starting with Casa Brugal, involving over 90 executives and staff. The training, including in-person and online modules, aimed to enhance understanding of the pension system and the importance of increased savings due to rising longevity. Casa Brugal plans to pursue the "Aquí Sabemos de Pensiones" seal after 70% workforce course completion, with further sessions planned for other production sites.
Policy & regulationImplementation, projects & pilotsFinancial literacy and education
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2025-06-17•Moldova•National Bank of Moldova
The National Bank of Moldova reported a significant increase in digital processing of "Green Card" motor insurance certificates, with over 11,000 processed in May 2025 compared to 239 in May 2024. This shift is attributed to enhanced digital tools and infrastructure, alongside the introduction of a new digital Green Card certificate format from January 2025.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-06-17•South Korea•Bank of Korea
The Bank of Korea released preliminary May 2025 data indicating declines in both export and import price indexes on a Korean won basis. The export price index dropped 3.4% month-on-month and 2.4% year-on-year, while the import price index fell 3.7% month-on-month and 5.0% year-on-year. The net barter terms of trade index rose 3.4% year-on-year.
Data & statisticsEconomic data and developments
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2025-06-17•Denmark•National Bank of Denmark
The National Bank of Denmark's analysis on distributed ledger technology (DLT) in financial markets stresses the importance of central bank money in Danish kroner as the primary settlement asset for interbank transactions. It notes challenges like limited compatibility between DLT platforms and central bank systems, potentially leading to alternatives like tokenised bank deposits or stablecoins. The analysis suggests two solutions: interoperability models linking DLT platforms to central bank systems and integrated models placing central bank money on DLT platforms, with few solutions currently deployed and up to nine central bank solutions expected by 2030.
Policy & regulationGuidance & interpretationBlockchain and distributed ledger technologyPayments and payment systems
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2025-06-17•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated the UK sanctions list under the Russia sanctions regime, designating six entities, four individuals, and 20 vessels for asset freeze and trust services sanctions. The notice mandates immediate asset freezing and reporting of suspected breaches to the Financial Intelligence Unit. Specified ships face entry prohibitions to UK and Isle of Man ports, with restrictions on registration and the Oil Price Cap exception not applicable.
EnforcementSanctions & designationsNew sanctions designations
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2025-06-17•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) conducted its first EU-coordinated mystery shopping exercise, revealing gaps in disclosure and transparency in selling insurance-based investment products across eight EU Member States. Most distributors asked about product holding periods, but fewer addressed risk tolerance and sustainability preferences, with complete cost information provided in less than half of interactions. EIOPA plans to analyze poor consumer outcomes and consider a more outcome-oriented approach with simpler, transparent products to enhance consumer benefits.
SupervisionReviews, inspections & stress testsSales and distribution
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2025-06-17•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas' Quarterly Economic Review highlights the financial sector's contribution to GDP, estimating it at 15%-20% for 2024, with subdued activity due to global regulatory changes. Government revenue from taxes and fees increased by BSD 19.6 million to BSD 249.9 million, while domestic banking assets grew 3.6% to BSD 12.1 billion. The report details supervisory and infrastructure initiatives, including Basel II and III implementation, a Crisis Management and Resolution Unit, and enhancements to the SandDollar Wallet.
Data & statisticsEconomic data and developments
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2025-06-17•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE revoked Sundus Exchange's licence, removed it from the licences register, and imposed a 10 million AED fine under Article 14 of Federal Decree Law No. 20 of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. These actions followed examinations revealing violations of the relevant framework and regulations.
EnforcementInvestigations & enforcement actionsAML and CFTUnlicensed or unauthorized activity
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2025-06-16•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance submitted a draft bill to the Plurinational Legislative Assembly to address FATF recommendations on money laundering and terrorist financing. The bill aims to fill a legislative gap identified by FATF, leading to Bolivia's increased monitoring status. The ministry emphasized the urgency of passing the law, following commitments made during the 13 June 2025 FATF and Moneyval meeting.
Policy & regulationRules & requirementsAML and CFT
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2025-06-16•Chile•Ministry of Finance (Chile)
Chile's Superintendence of Pensions has initiated a procurement process to hire a consultancy for designing Generational Funds and investment frameworks under Law No. 21.735. The consultancy will propose an Investment Regime for Generational Funds, transitioning from the current multi-fund structure by April 2027, with a budget capped at CLP 444,000,000. The tender is open to qualified Chilean and foreign entities, focusing on methodologies for evaluating volatility, returns, and risk aligned with pension objectives.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-16•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released statistics on the Central Information Archive for May 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-16•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Al-Modawat Specialized Medical Company’s capital increase from SAR 23,750,000 to SAR 71,250,000 via bonus shares, issuing two bonus shares per existing share, funded by transferring SAR 47,500,000 from the share premium account. An extraordinary general assembly must occur within six months, and the company must comply with all regulatory requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-16•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Paper Home Company's request to increase its share capital from SAR 20 million to SAR 60 million by issuing bonus shares. The increase will be funded by transferring SAR 40 million from retained earnings, raising outstanding shares from 2 million to 6 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-16•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has advanced its Tokenisation Regulatory Sandbox by engaging firms in its Innovation Testing Licence programme, allowing tokenisation-related financial products to be tested in the Dubai International Financial Centre. The sandbox attracted 96 global expressions of interest, focusing on tokenisation of assets like bonds and fund units. Selected firms will co-develop testing plans with the DFSA, with results expected to inform future regulatory policy and framework refinements.
SupervisionInnovation & testingFintech and insurtechTokenization
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2025-06-16•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has initiated Public Consultation Process No. 2/25, proposing a Governance Code for non-bank financial institutions linked to capital markets and investment. The consultation paper details the code's structure and key topics, seeking stakeholder input and additional contributions.
Policy & regulationRules & requirementsCorporate governance
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2025-06-16•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission (CMC) released the final report on its 100-day operational plan, achieving an execution rate of 89.17% with 34 out of 44 initiatives completed. The plan aims to enhance Angola's capital markets by boosting visibility and attractiveness, strengthening stakeholder confidence, and aligning with government objectives for sustainable growth.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-06-16•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has initiated Public Consultation Process No. 3/25, releasing a draft regulation on information disclosure duties for securities issuers. The consultation document details the regulation's structure, main topics, and poses specific questions for stakeholder feedback. Both the draft regulation and consultation document are available for review.
Policy & regulationRules & requirementsDisclosures
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2025-06-16•France•France Autorite des marches financiers
The French Financial Markets Authority and the Prudential Supervision and Resolution Authority released their 2024 report, highlighting consumer protection efforts and setting 2025-2026 priorities, including the EU Savings and Investment Union. It addresses rising financial scams, with nearly 1,460 unauthorised sites blacklisted and a campaign reaching over 3 million views. It also outlines plans for mapping structured products for French savers and preparations for the European Accessibility Directive effective June 2025.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protectionSupervision process and methodologies
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2025-06-16•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV), in collaboration with the Bank of Spain and the Ministry of Economy, Trade and Enterprise, has launched the tenth edition of the Finanzas para Todos awards. These awards recognize outstanding financial education initiatives and partners supporting Spain's Financial Education Plan.
Financial literacy & educationFinancial literacy and education
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2025-06-16•Australia•Australian Securities & Investments Commission
ASIC has applied to the Federal Court for asset preservation orders and the appointment of receivers to Australian Fiduciaries Ltd amid investigations into its managed investment schemes. ASIC seeks to protect assets and clarify the firm's financial position, as it hasn't filed audited statements for FY2024 and FY2025. About 600 retail investors have invested AUD 160 million since February 2020, mainly via self-managed super funds. The investigation focuses on potential conflicts of interest, related-party transactions, and valuation failures.
EnforcementInvestigations & enforcement actionsCorporate governanceAccounting and financial reporting
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2025-06-16•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) released its 2024 Annual Report, highlighting achievements in market stability, supervision, and investor protection, while advancing sustainable finance and technological innovation. Key developments include finalizing the T+1 settlement cycle report, implementing MiFIR transparency changes, and enhancing EU crypto-assets regime policy work. ESMA also outlined future priorities, including the 2026 launch of the European Single Access Point and new supervisory roles over EU green bond verifiers and ESG rating providers.
OtherSupervision process and methodologies
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2025-06-16•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay announced that the Supreme Court of Justice concluded proceedings against former Banco de Montevideo directors, awarding damages totaling over USD 451 million. The court held the Peirano brothers and others liable for breaches, including imprudent transfers to Trade & Commerce Bank, under Article 23 of Law 17.613.
EnforcementInvestigations & enforcement actionsOther
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2025-06-16•Europe•European Systemic Risk Board
The European Systemic Risk Board awarded the 2025 Ieke van den Burg Prize for research on systemic risk to "Better be careful: the replenishment of ABS backed by SME loans" by Arved Fenner, Philipp Klein, and Carina Schlam. The award process involved peer reviews by the Advisory Scientific Committee. The winning paper will be presented at the Ninth ESRB annual conference, with selected competing papers published in the ESRB Working Paper Series.
OtherSecuritization
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2025-06-16•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand's research indicates that changes in the Official Cash Rate (OCR) affect GDP sectors and domestic prices unevenly, with goods-producing industries and housing being most sensitive, while primary production and public services show less responsiveness. The study highlights accommodation services and housing construction costs as responsive to monetary policy, whereas energy and insurance prices adjust more slowly.
Research
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2025-06-16•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) has administered the banker’s oath to over 500 bankers under a new disciplinary regime requiring integrity and professionalism. Effective from early 2025 for senior management and key function-holders, it will extend to all bankers by summer 2026, with non-compliance potentially resulting in sanctions. The FSMA plans regular oath-taking sessions and noted broad awareness of the regime, though clarity on individual responsibilities remains limited.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-16•Australia•Australian Securities & Investments Commission
ASIC has launched an Inquiry into ASX group, focusing on governance, capability, and risk management due to repeated failures. Concerns from ASIC and the RBA about ASX's market infrastructure stability prompted this action. An expert panel will lead the Inquiry, using ASIC's powers under the Corporations Act 2001 and possibly the Treasury Laws Amendment Act 2024, to evaluate ASX's compliance. The Inquiry includes the 20 December 2024 CHESS Batch Settlement failure, pausing ASIC's separate investigation, while continuing the CHESS technical review. The panel's composition will be announced soon, supported by an ASIC secretariat with secondees from the RBA, APRA, and ACCC. ASX must prioritize infrastructure safety and CHESS replacement progress.
SupervisionReviews, inspections & stress testsMarket infrastructureOperational risk and resilience
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2025-06-16•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Finance Minister Carla Loveira highlighted the importance of capital account liberalization for economic growth and market efficiency at the Bank of Mozambique’s Scientific Days. She advocated a gradual, calibrated approach, considering the country's economic characteristics and financial system robustness. The event also marked the 45th anniversary of the Metical and the commemoration of the 1960 Mueda Massacre.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-06-16•Ukraine•Ukraine National Commission on Securities and Stock Market
At the Incrypted Conference 2025, Ukraine National Commission on Securities and Stock Market Chair Ruslan Magomedov emphasized support for an effective crypto-asset law and denied responsibility for the bill's suspension. He noted the 2025 draft aligns 70% with the NSSMC's 2023 proposal but includes critical changes affecting investor protection and market integrity. Magomedov expressed readiness to refine the bill for the second reading to ensure clear regulations and risk minimization.
Policy & regulationRules & requirements