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  • 2025-05-14MoldovaNational Bank of Moldova

    National Bank of Moldova reports MDL 5,509.3 million in insurer assets and solvency above 100% at end‑2024

    The National Bank of Moldova's end-2024 supervisory overview of the insurance market shows increases in insurers' assets, own funds, and technical reserves, with all licensed insurers maintaining solvency ratios above 100% and positive net profit. However, liquidity ratios weakened, and aggregate net profit declined compared to 2023. The market remains concentrated in non-life insurance, with gross written premiums rising 10.8% to MDL 3,251.6 million, while claims paid increased by 27%.

    SupervisionRisk monitoring & watch pointsCapital adequacyAsset qualityLiquidity risk
  • 2025-05-14GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub publishes Project Pine prototype for tokenised central bank open market operations

    The Bank for International Settlements Innovation Hub released the final report on Project Pine, a joint study with the Federal Reserve Bank of New York, exploring central banks' use of smart contracts in tokenised wholesale markets for monetary policy operations. The project developed a prototype toolkit adaptable for various central bank frameworks, supporting both standard and emergency operations across jurisdictions and currencies.

    ResearchTokenizationMarket infrastructure
  • 2025-05-14South KoreaBank of Korea

    Bank of Korea releases Financial Market Trends in April 2025 data

    The Bank of Korea released its "Financial Market Trends in April 2025" report, offering updated data on financial market trends and bank lending. Detailed figures are included in the attached files.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-05-14IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India accepts Strata SM REIT’s surrender of registration and cautions investors

    The Securities and Exchange Board of India (SEBI) accepted the surrender of Strata SM REIT’s registration certificate and issued an investor caution notice regarding the entity. Strata SM REIT will no longer represent itself as a SEBI-regulated intermediary. SEBI's decision follows engagement with the entity's management and a review of legal proceedings against its promoter.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-05-14GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub and Federal Reserve Bank of New York publish Project Pine study on smart-contract tools for tokenised monetary policy operations

    The Federal Reserve Bank of New York and the Bank for International Settlements published research under Project Pine on central bank monetary policy operations in tokenised markets, highlighting programmable smart contracts for policy tool deployment. The prototype "tokenised toolkit" was tested in various scenarios, emphasizing its experimental nature and identifying interoperability and data standardisation as areas for further research.

    ResearchTokenizationMarket infrastructure
  • 2025-05-14United KingdomThe Pensions Regulator

    The Pensions Regulator sponsors PPI decumulation research and calls for a retirement sat-nav to guide DC savers

    The Pensions Regulator released findings from a Pension Policy Institute report on the UK retirement income market, highlighting inadequate support for defined contribution pension savers transitioning to drawdown. The regulator called for improved governance, transparency, and data use, and advocated for market consolidation to enhance charges, governance, and investment strategies. It plans to collaborate with the Department for Work and Pensions and the Financial Conduct Authority on frameworks to aid savers and will introduce an innovation design service next month.

    Policy & regulationGuidance & interpretation
  • 2025-05-14BarbadosCentral Bank of Barbados

    Central Bank of Barbados launches Economics in Everyday Life public education series starting May 15

    The Central Bank of Barbados is launching an online series, “Economics in Everyday Life,” to explain economic concepts through relatable stories. The inaugural article by Governor Greenidge, “The Price of a Nap,” highlights inefficiencies affecting productivity. Future topics will cover traffic jams, inflation, and financial literacy, with contributions from various experts.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-13VanuatuVanuatu Financial Services Commission

    Vanuatu Financial Services Commission sets out licence classes and application requirements under the new Virtual Asset Service Providers Act

    The Vanuatu Financial Services Commission issued a notice on the Virtual Asset Service Providers Act No. 3 of 2025, detailing a new licensing and supervisory framework for virtual asset service providers, initial token offerings, and fintech sandbox activities. The Act introduces five VASP licence classes with specific application requirements, including evidence of physical presence, beneficial ownership, AML/CFT measures, manager and director approval criteria, and associated fees.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-05-13MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro outlines SEPA transaction start by October 2025 and TIPS Clone instant payments launch in July 2026

    The Central Bank of Montenegro detailed its payments modernization and regulatory reform agenda during Governor Irena Radovic’s participation in the Economic and Financial Dialogue with the EU in Brussels. Key developments include Montenegro's integration into the Single Euro Payments Area (SEPA) and preparations for instant payments via a European TIPS Clone, with significant economic benefits anticipated. Discussions also covered regulatory harmonization and institutional transformation for European System of Central Banks membership.

    Policy & regulationImplementation, projects & pilotsCross-border cooperation
  • 2025-05-13AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission cancels Thistle Financial Group’s Australian financial services licence after it ceased business

    ASIC has cancelled Thistle Financial Group Pty Ltd's AFS licence, effective 7 May 2025, after the firm ceased operations. Under section 915B of the Corporations Act, ASIC can cancel licences when business stops. Thistle, holding Licence No. 484742 since 2016, was authorised to advise retail and wholesale clients. The firm may seek a review by the Administrative Review Tribunal.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-05-13United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority hosts inaugural Regulatory College with 18 authorities on AI and cybersecurity oversight

    The Dubai Financial Services Authority held its inaugural Regulatory College at the Dubai FinTech Summit 2025, engaging over 30 regulators from 18 jurisdictions in discussions on AI and cybersecurity oversight. The session emphasized cross-border dialogue on emerging technology risks, including post-quantum cryptography and agentic AI, and explored evolving regulatory frameworks. The DFSA highlighted its expanded Innovation Testing Licence and participation in international FinTech groups.

    Policy & regulationCooperationArtificial intelligenceCyber resilience
  • 2025-05-13BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority announces reopening of Aedifica trading on Euronext Brussels

    The Belgium Financial Services and Markets Authority announced that trading in Aedifica financial instruments on Euronext Brussels will resume at 11:00 CET on 13 May 2025. This notice pertains to Aedifica (ISIN BE0003851681) under Article 78 of the Law of 21 November 2017.

    SupervisionAuthorisations & approvalsTrading
  • 2025-05-13FranceFrance Autorite des marches financiers

    France's Financial Markets Authority orders Danae Group to submit a draft mandatory takeover bid for Entreprendre by 23 May 2025

    France's Financial Markets Authority (AMF) has ordered Danae Group to file a draft mandatory takeover bid for Entreprendre shares it does not own, following its acquisition of a controlling block. Danae Group holds 85.38% of Entreprendre’s share capital and 75.68% of its voting rights, triggering a mandatory tender offer under Euronext Growth rules. The AMF's decision, based on Article L. 621-14 II of the Monetary and Financial Code, requires compliance by May 23, 2025.

    SupervisionInterventionsSecurities offerings and listings
  • 2025-05-13AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission reports sentencing of former Coco Joy CEO for disqualified management and misuse of AUD 111,392 in company funds

    The Australian Securities & Investments Commission (ASIC) announced that Tim Xenos, former CEO of FAL Healthy Beverages Pty Ltd, was sentenced to 18 months' imprisonment under an Intensive Corrections Order for managing a company while disqualified and misusing funds. The Downing Centre Local Court found him guilty of breaching the Corporations Act 2001 and the Bankruptcy Act 1966, gaining approximately AUD 111,392. He is disqualified from managing companies for five years. The Commonwealth Office of the Director of Public Prosecutions prosecuted the case. Xenos has appealed the conviction and sentence.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-05-13UkraineUkraine National Commission on Securities and Stock Market

    Ukraine’s National Commission on Securities and Stock Market applies to join IOSCO’s Multilateral and Extended Memorandums of Understanding

    Ukraine’s National Commission on Securities and Stock Market has applied to join the International Organization of Securities Commissions’ Multilateral Memorandum of Understanding (MMoU) and Extended MMoU. Linked to the 2024 Law of Ukraine on the Transformation of the Commission, this aims to enhance international supervisory cooperation, market surveillance, and investor protection. The Commission has been an IOSCO member since 1996 but has not previously been a party to these memorandums.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-13UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market registers new securities issues, cancels Lviv City Council local bonds and approves procedures on dubious projects and sanctioned participants

    The Ukraine National Commission on Securities and Stock Market approved securities issuance registrations, cancelled certain municipal bond registrations, and introduced measures for investor information and client asset treatment linked to sanctioned participants. It registered share issues for JSC "ZNVCIF "MONTECO"", TAS-LOGISTIC LLC, JSC "PROCREDIT BANK", and PrJSC "Insurance Company "Euroins Ukraine"". Additionally, it cancelled Lviv City Council's internal local loan bond registrations and adopted resolutions for investor protection and asset list procedures.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-05-13IrelandCentral Bank of Ireland

    Central Bank of Ireland governor calls for monetary policy frameworks to adapt to fragmentation-driven supply shocks and highlights the Digital Euro as a resilience priority

    Central Bank of Ireland Governor Gabriel Makhlouf emphasized adapting monetary policy to geoeconomic fragmentation, highlighting agile frameworks and interest rates as primary tools. He stressed completing the EU Single Market and advancing the Savings and Investment Union to unlock EUR 12 trillion in savings. Additionally, he advocated for a central bank digital currency like the Digital Euro to enhance payments infrastructure and strategic autonomy.

    Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
  • 2025-05-13ItalyBank of Italy

    Bank of Italy publishes research showing only a minority of large language models choose ethical conduct in simulated financial scenarios

    The Bank of Italy's paper, “Chat Bankman-Fried? Notes on the ethics of artificial intelligence in the financial sector,” assesses LLMs' ethical behavior in finance. It reveals significant variability, with few models adhering to ethical norms without constraints. The study emphasizes simulation-based evaluations and calls for robust governance frameworks to manage LLM-related risks in financial institutions.

    ResearchArtificial intelligence
  • 2025-05-13ItalyBank of Italy

    Bank of Italy publishes research testing large language model alignment with fiduciary duty in simulated financial scenarios

    The Bank of Italy's research paper, “Chat Bankman-Fried? An Exploration of LLM Alignment in Finance,” examines the alignment problem in large language models (LLMs) through simulated financial decision-making. The study reveals significant variability in LLM behavior and responses to changes in risk tolerance, profit expectations, and regulation. It suggests that simulation-based testing and analysis of internal LLM mechanics can help regulators assess LLM safety and underscores the need for robust risk-governance frameworks in financial institutions.

    ResearchArtificial intelligence
  • 2025-05-13ChinaCentral Bank of the Republic of China

    People’s Bank of China outlines monetary policy framework shift and confirms the seven-day reverse repo rate as the main policy rate

    The People's Bank of China Deputy Governor Xuan Changneng detailed a shift in China's monetary policy from quantity-based targets to price-based tools like interest rates. He emphasized developing a market-based interest rate control mechanism and expanding the monetary policy toolkit, including secondary-market trading of government bonds and structural tools for capital market stability. At international meetings, he discussed global economic conditions and regional integration with other central bank governors.

    Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
  • 2025-05-13ChinaCentral Bank of the Republic of China

    People's Bank of China and six agencies issue policy package to build a technology finance system including a national venture capital guidance fund and a bond market technology board

    China's Ministry of Science and Technology, the People's Bank of China, and other agencies have issued measures to enhance the technology finance system, focusing on financial support for national science and technology tasks and tech-focused SMEs. Measures include establishing a National Venture Capital Guidance Fund, optimizing monetary policy tools, expanding credit facilities for tech firms, developing technology insurance policies, promoting cross-border financing, and creating a bond market technology board.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
  • 2025-05-13ChinaCentral Bank of the Republic of China

    People's Bank of China and the Central Bank of Brazil renew CNY 1,900 billion BRL 157 billion local-currency swap and sign strategic cooperation and AML MoUs

    The People's Bank of China and the Central Bank of Brazil signed a strategic cooperation MoU and renewed a CNY 1,900 billion/BRL 157 billion local-currency swap agreement. The MoU aims to enhance financial market investment, cross-border payments connectivity, and local-currency liquidity, while a separate MoU focuses on anti-money laundering cooperation. Additionally, the PBoC plans to sign a financial strategic cooperation MoU with Brazil’s Ministry of Finance to further international financial and monetary policy coordination.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-13United StatesFederal Reserve Bank of New York

    Federal Reserve Bank of New York reports Q1 2025 household debt rising to USD 18.20tn as student loan delinquencies jump

    The Federal Reserve Bank of New York's Center for Microeconomic Data reported a USD 167bn increase in total US household debt in Q1 2025, reaching USD 18.20tn. Mortgage balances rose by USD 199bn, while credit card and auto loan balances declined. Student loan delinquencies surged to 7.74% in Q1 2025 from less than 1% in Q4 2024, as previously unreported delinquent payments began appearing in credit reports.

    ResearchEconomic data and developments
  • 2025-05-13United StatesNational Association Of Insurance Commissioners

    National Association of Insurance Commissioners convenes Capitol Hill fly-in to press Congress on abolishing the Federal Insurance Office and other priorities

    The National Association of Insurance Commissioners will host the 2025 Commissioner Fly-In in Washington, focusing on federal priorities like consumer protection and insurance market stability. Key priorities include abolishing the Federal Insurance Office, enhancing property insurance market resilience, and opposing federal preemption of state data privacy protections. Scheduled speakers include representatives from FEMA, the U.S. House Financial Services Committee, and the Centers for Medicare & Medicaid Services.

    Policy & regulationCooperationConsumer and investor protection
  • 2025-05-13PortugalPortuguese Insurance Regulator (ASF)

    Portuguese Insurance and Pension Funds Supervisory Authority to host online presentation of draft disclosure requirements for pension fund memberships

    The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) will hold an online public session to present its draft Regulatory Standard on information disclosure for closed pension funds and memberships in open pension funds. The session will be broadcast live on the ASF website.

    Policy & regulationRules & requirementsDisclosures
  • 2025-05-13GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance reaffirms priorities on the digital euro, banking union and defence fiscal flexibility after Eurogroup and ECOFIN

    Greece’s Ministry of National Economy and Finance outlined priorities after Eurogroup and ECOFIN meetings, emphasizing the digital euro, Banking Union completion, and EU-US trade agreement support. Minister Kyriakos Pierrakakis highlighted reducing regulatory red tape to boost competitiveness and advancing a Savings and Investment Union. Greece seeks to activate the national escape clause for defence investments and prioritizes developing a national defence industry, supporting the SAFE instrument for common procurement.

    Policy & regulationReform agendas & prioritiesCBDC
  • 2025-05-13GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance backs deeper Banking Union, digital euro, new VAT rules for third-country e-commerce and SAFE defence financing at Eurogroup and ECOFIN

    Greece's Ministry of National Economy and Finance detailed Finance Minister Kyriakos Pierrakakis's participation in Eurogroup and ECOFIN meetings, advocating for deepening the Banking Union, the digital euro, and updated VAT rules for imports. Greece supported the Savings and Investments Union's administrative simplification and the European Commission's savings and investment initiatives. On defence financing, Pierrakakis endorsed EU defence industry funding and the SAFE tool, emphasizing conditions for non-EU participation.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-13PortugalPortuguese Insurance Regulator (ASF)

    Portugal’s Insurance and Pension Funds Supervisory Authority issues recommendations to strengthen insurers’ liquidity risk and asset-liability management and related SFCR disclosures

    Portugal’s Insurance and Pension Funds Supervisory Authority (ASF) issued Recommendation No. 3/2025, outlining expectations for insurers and reinsurers on liquidity risk and asset-liability management (ALM). The guidance emphasizes prudent risk management in a changing interest rate environment, aligning with International Association of Insurance Supervisors standards. ASF will oversee implementation through supervisory follow-up on Own Risk and Solvency Assessment (ORSA) exercises and Solvency and Financial Condition Report (SFCR) disclosures.

    Policy & regulationGuidance & interpretationLiquidity riskAsset quality
  • 2025-05-13AustraliaAustralian Transaction Reports and Analysis Centre (AUSTRAC)

    Australian Transaction Reports and Analysis Centre expands Fintel Alliance and makes its collaborative data analytics hub a central function

    AUSTRAC has expanded its Fintel Alliance, creating a hub for real-time data sharing and analysis with industry and law enforcement to detect criminal patterns. Initiatives include analyzing cash deposits, issuing alerts on money muling, and addressing scams. The expansion prepares for future partnerships with newly regulated entities.

    Policy & regulationCooperationAML and CFTMarket development
  • 2025-05-13LaosBank of the Lao

    Bank of the Lao PDR holds internal workshop on regulatory drafting techniques and repeal procedures

    The Bank of the Lao PDR conducted a workshop to standardize its approach to drafting regulatory instruments and documentation, aiming for consistent understanding and implementation across departments. The session covered drafting techniques, guidance on supporting documents, and evaluation of implementation outcomes, with participation from 73 bank members.

    Institutional developmentCooperation & capacity buildingOther
  • 2025-05-13United KingdomFinancial Conduct Authority

    Financial Conduct Authority finds one in four UK adults have low financial resilience and outlines a consumer support agenda

    The FCA's Financial Lives survey shows widespread financial vulnerability in the UK, with 25% having low financial resilience and 10% lacking savings. While banking access and digital inclusion improved, challenges remain in long-term savings. The FCA is promoting consumer engagement with lenders and financial advice, aligning its strategy with new support rules, the InvestSmart campaign, and financial inclusion initiatives.

    ResearchFinancial and market indicatorsConsumer and investor protection
  • 2025-05-13SwedenRiksbank

    Sweden's Riksbank publishes research estimating March 2025 uncertainty could reduce Swedish GDP by just under 0.5% in Q2 2025

    Sweden's Riksbank released an Economic Commentary analyzing early 2025 uncertainty's impact on the economy, particularly in Sweden. The report finds heightened uncertainty typically suppresses economic activity, with significant effects when the economy is weak or uncertainty is prolonged, while inflation impacts vary based on demand or supply shocks. Increased uncertainty could reduce Swedish GDP by about 0.2% in the next quarter, with potential for larger effects if uncertainty remains high.

    Research
  • 2025-05-13Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission signs MoU with Ontario Securities Commission and recognises Ontario as an acceptable inspection regime

    The Hong Kong Securities and Futures Commission and Ontario Securities Commission signed a Memorandum of Understanding to enhance cooperation on supervising investment managers of collective investment schemes. The agreement strengthens regulatory collaboration and information exchange, allowing OSC-licensed managers to provide services for SFC-authorised funds.

    SupervisionCooperationCross-border cooperation
  • 2025-05-13GlobalInternational Financial Reporting Standards Foundation

    International Financial Reporting Standards Foundation updates going concern educational material to reflect IFRS 18 and revised ISA 570

    The International Financial Reporting Standards Foundation released updated educational material to aid consistent application of IFRS Accounting Standards on going concern assessments and disclosures. The update incorporates recent developments, including IFRS 18 and ISA 570 (Revised 2024), while removing outdated references.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-05-13SloveniaCentral Bank of Slovenia

    Central Bank of Slovenia publishes climate disclosure detailing EUR 625 million in green, social and sustainable bond holdings and lower portfolio carbon intensity

    The Central Bank of Slovenia disclosed changes in its financial asset portfolio, highlighting increased holdings of green, social, and sustainable bonds, which rose to EUR 625 million by end-2024. The bank reported significant reductions in the carbon intensity of its non-financial corporate bond and equity portfolios, aligning with its long-term goal of net zero emissions by 2050. Medium-term milestones for end-2025 include further reducing the carbon footprint of private-sector holdings.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-05-13KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves chair appointment at Kazakhstan-Ziraat International Bank and independent director at Bank VTB Kazakhstan

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Zorlu Savas as Chairman of the Management Board of Subsidiary Bank JSC Kazakhstan-Ziraat International Bank and Andrey Viktorovich Kopov as an independent director and Board member of Subsidiary JSC Bank VTB (Kazakhstan).

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-05-13KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes guidance on protecting against online fraud

    Kazakhstan's Financial Market Agency warns of sophisticated internet fraud. Scammers impersonate sellers, buyers, bank employees, police officers, or acquaintances to access money or data. The agency advises practicing "digital hygiene" by safeguarding personal information, verifying website authenticity, and avoiding pressure to transfer money.

    SupervisionAlertsFraud and scams
  • 2025-05-13CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission announces WAVENTURES RAIF has initiated dissolution and liquidation

    Hanseatic Capital Management Ltd has notified the Cyprus Securities and Exchange Commission (CySEC) of the dissolution and liquidation of WAVENTURES RAIF F.C.I.C. PLC, a Registered Alternative Investment Fund (RAIF). The RAIF will remain listed as "under liquidation" until the process is completed and all necessary documents are submitted, after which CySEC will remove it from the register per Article 138 of the Alternative Investment Funds Law of 2018.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-05-13Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent DBS Bank Hong Kong websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to DBS Bank (Hong Kong) Limited. The HKMA reminded customers that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank using official details and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-05-13Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority publishes Coin Collection Programme Coin Cart schedule for 2 June to 17 August 2025

    The Hong Kong Monetary Authority has updated the service schedule for its Coin Collection Programme's "Coin Carts," operating from 2 June to 17 August 2025. The Coin Carts, which rotate across Hong Kong's 18 districts, allow users to exchange coins for banknotes or add value to stored-value facilities free of charge. Since its inception in 2014, the programme has collected 1,031 million coins with a total face value of HKD 1,652 million.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-05-13United KingdomUK Parliament

    UK Parliament passes bank resolution recapitalisation law for small bank failures after dropping minimum recapitalisation payment and zero public cost clauses

    The UK Parliament has finalized the Bank Resolution (Recapitalisation) Bill, granting the Bank of England greater flexibility in handling small bank failures. The House of Lords approved amendments from the House of Commons, removing provisions on recapitalisation payment requirements and public cost neutrality. The bill received Royal Assent on 15 May, becoming an Act of Parliament.

    Policy & regulationRules & requirementsRecovery and resolution
  • 2025-05-13ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission holds workshop with Moody’s Insurance ASEAN to strengthen climate and catastrophe stress testing

    The Thailand Office of Insurance Commission (OIC) and Moody’s Insurance ASEAN held a workshop to enhance supervisory standards and risk management for climate change and natural catastrophe risks in the insurance sector. The session focused on regulatory approaches for assessing physical and transition risks, integrating these into insurers’ Own Risk Solvency Assessment (ORSA). This initiative is part of OIC's ongoing cooperation with Moody’s to bolster climate stress test readiness.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-05-13BrazilNational Treasury (Brazil)

    Brazil's National Treasury and Central Bank of Brazil sign technical cooperation agreement to expand financial education for children and youth

    Brazil's National Treasury and the Central Bank of Brazil signed a Technical Cooperation Agreement to enhance financial citizenship for children and young people. The agreement supports the Treasury Direct Financial Education Olympiad and the Aprender Valor programme, with a 60-month work plan detailing actions and targets. The signing coincided with the 12th National Financial Education Week, featuring a joint virtual roundtable on integrating Aprender Valor projects with OLITEF preparation.

    Policy & regulationCooperationFinancial literacy and education
  • 2025-05-13TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan announces winners of awards for financial institutions serving women entrepreneurs

    The National Bank of the Republic of Tajikistan announced the results of the “Best financial credit institution for servicing women entrepreneurs” competition, evaluating 2024 performance in lending, Islamic finance, deposit mobilisation, electronic payments, and support projects. Sanoatsodirotbonk, Humo, Alif Bank, and Arvand Bank were category winners, with additional awards given to other institutions and successful women entrepreneurs. This initiative is part of the 2023–2025 action plan under Tajikistan’s State Programme for the Development of Women’s Entrepreneurship through 2027.

    Other
  • 2025-05-13EuropeEuropean Central Bank

    European Central Bank working paper analyses PEPP commercial paper purchases and finds higher post-exit yields for heavily supported issuers

    The European Central Bank (ECB) released a working paper on the euro-area non-financial commercial paper market during the March 2020 money market fund run and the ECB's Pandemic Emergency Purchase Programme (PEPP). The study finds that PEPP purchases restored issuance and improved funding terms for eligible issuers, but the withdrawal of support led to higher yields and reduced money market fund engagement for firms heavily reliant on the programme. The ECB purchased EUR 35 billion of commercial paper, significantly impacting issuance volumes and yields, with notable effects observed as the programme unwound.

    ResearchMarket development
  • 2025-05-13BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance hosts National Financial Education Week webinar on strengthening financial education in Brazil

    The Brazilian Superintendence of Private Insurance (SUSEP) hosted a webinar during the 12th National Financial Education Week, focusing on enhancing financial education in Brazil. Discussions included the social impact of financial education, its integration into schools, and the role of Semana ENEF in engaging stakeholders. The event featured SUSEP directors and was structured into panels exploring the potential of financial education.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-13BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance hosts ENEF week event on inclusive insurance and presents study on supervised entities’ financial education initiatives

    The Brazilian Superintendence of Private Insurance (SUSEP) hosted "Insurance for All" during the 12th National Financial Education Week, focusing on financial education, socioeconomic vulnerability, and inclusive insurance. Panels addressed financial education progress, insurance access for vulnerable groups, and long-term financial sustainability, emphasizing tailored products for low-income consumers and pension plans for informal workers. The event was held in Brasília and livestreamed on SUSEP's YouTube channel.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-13South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes working paper on fintech revenue-based financing and small business revenue hiding

    The South African Reserve Bank's working paper on fintech-provided revenue-based financing for small businesses shows that businesses accepting such financing have 16% lower payments through a major processor than non-takers. Using data from over 100 million transactions, the study suggests revenue hiding and adverse selection by riskier firms. Two natural experiments indicate competitive pricing and longer non-lending interactions can impact transaction volumes and improve screening.

    ResearchSME financingFintech and insurtech
  • 2025-05-13BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority highlights the need to start saving early at National Financial Education Week opening

    The Brazilian Pension Funds Authority (PREVIC) participated in the opening of the 12th National Financial Education Week, promoting financial, pension, insurance, and tax education. PREVIC standards director Alcinei Rodrigues emphasized the importance of early retirement planning and the need for engagement from workers and plan sponsors, noting the sector's annual payout of BRL 100 billion in benefits.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-13Brunei DarussalamCentral Bank of Brunei Darussalam

    Central Bank of Brunei Darussalam publishes March 2025 Business Sentiment Index showing slightly weaker current conditions but improvement one month ahead

    The Central Bank of Brunei Darussalam released the Business Sentiment Index for March 2025, showing the Current Business Conditions sub-index slightly below neutral at 49.9, while the one-month-ahead index improved to 50.3 for April. Reduced consumer demand and slower project mobilisation during Ramadhan impacted sentiment, though expectations of increased activity ahead of Hari Raya Aidilfitri provided some offset. Wholesale & Retail Trade showed optimism at 50.7, whereas Health & Education recorded the lowest sentiment at 49.3.

    Data & statisticsEconomic data and developments
  • 2025-05-13ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision warns of counterfeit Axiom Insurance Company JSC surety bond policy draft

    The Italian Institute for Insurance Supervision (IVASS) issued an alert regarding a counterfeit draft surety bond policy falsely attributed to Axiom Insurance Company JSC, which the insurer has disowned. IVASS had previously warned about similar counterfeit policies in February and May 2024. The authority advises heightened caution and verification of insurance offers against IVASS lists and registers to ensure authenticity.

    SupervisionAlertsFraud and scams
  • 2025-05-13ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of four unauthorised insurance intermediation websites

    The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation and blocking of insurance intermediation through four unauthorized websites in Italy. This action raises the total number of blocked sites to 242 since November 2023. IVASS advises consumers to verify the authorization of insurance offers, particularly for temporary motor third-party liability policies, before making payments.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-05-13VietnamVietnam State Securities Commission

    Vietnam State Securities Commission and Ministry of Finance consult on adding administrative sanctions for crypto assets

    Vietnam’s Ministry of Finance and the Vietnam State Securities Commission are seeking feedback on a draft decree introducing administrative penalties for crypto asset violations. The amendments aim to align sanctions with a draft government resolution on piloting a crypto-asset market in Vietnam.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-05-13GermanyGerman Bundesbank

    German Bundesbank reports EUR 45.9bn increase in debt securities outstanding in March driven by EUR 26.0bn net domestic issuance

    The German Bundesbank's March 2025 statistics reveal gross bond issuance of EUR 135.1bn and a net increase in domestic debt securities of EUR 26.0bn. Foreign investors were the primary net buyers of domestic bonds, while domestic non-banks and banks focused on domestic and foreign securities, respectively. The equity market saw modest activity, with domestic firms raising EUR 0.2bn and foreign investors as the sole net buyers.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-05-13BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission launches consultation to replace Resolution CVM 44 and refine disclosure rules for relevant shareholdings and market communications

    The Brazil Securities Commission (CVM) has launched a public consultation on two draft measures. Draft A proposes changes to CVM Resolution 44, focusing on disclosure of relevant shareholdings and clarifying the use of "Material Fact" and "Market Notice." Draft B aims to amend CVM Resolution 80 to prevent premature disclosure of offering information.

    Policy & regulationRules & requirementsDisclosures
  • 2025-05-13SerbiaNational Bank of Serbia

    National Bank of Serbia reports 2,361 counterfeit banknotes detected in January–March 2025 led by euro counterfeits

    The National Bank of Serbia's Cash Operations Division reported 2,361 counterfeit banknotes detected in Q1 2025, with euro counterfeits comprising the largest share by number and value. Among 450 counterfeit Serbian dinar notes, RSD 2,000 notes were most prevalent. In foreign currency, 1,911 counterfeit notes were found, predominantly euros and US dollars, with a total nominal value of RSD 34,862,439.19.

    Data & statisticsCurrency and cash management
  • 2025-05-13GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission granted leave to appeal in Weighbridge Trust Limited case

    The Guernsey Financial Services Commission has been granted leave to appeal a judgment by LB Marshall KC in its case against Weighbridge Trust Limited, citing novel interpretations of the Bailiwick’s regulatory laws. The appeal was approved by the Rt Hon James Wolffe KC of the Guernsey Court of Appeal on all grounds proposed by the Commission.

    EnforcementInvestigations & enforcement actions
  • 2025-05-13PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission convenes inaugural ASTIG partners meeting to coordinate anti-scam enforcement and financial literacy efforts

    The Philippine Securities and Exchange Commission held the inaugural Anti-Scam and Illegal Taking of Investments Group (ASTIG) Partners Meeting with 35 agencies to enhance coordination against fraudulent investment schemes. The meeting emphasized a comprehensive action plan focusing on public awareness and inter-agency cooperation, involving entities like the Bangko Sentral ng Pilipinas and the Philippine National Police. ASTIG, part of the SEC Communication, Advocacy, and Network Initiative, aims to empower local governments to combat scams effectively.

    Policy & regulationCooperationFinancial literacy and educationConsumer and investor protection
  • 2025-05-13CroatiaMinistry of Finance (Croatia)

    Croatia's Ministry of Finance outlines reform agenda and capital market priorities at EBRD Investment Outlook Session

    Croatia’s Ministry of Finance reported on an Investment Outlook Session held alongside the European Bank for Reconstruction and Development Annual Meeting in London, where Deputy Prime Minister and Finance Minister Marko Primorac outlined Croatia’s economic transition and reforms to strengthen the investment climate. The discussion covered Croatia’s investment environment, EU capital market development and integration, and public enterprise reform, with Primorac stressing the need for a robust capital market to improve capital allocation, liquidity, risk diversification, and long-term investment.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-05-13CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario refuses to renew Hong Wei Liao’s life and accident and sickness agent licence

    The Financial Services Regulatory Authority of Ontario (FSRA) refused to renew Hong Wei Liao's life and accident and sickness agent licence under Ontario’s Insurance Act. FSRA cited false information in the licence application and past conduct as reasons for deeming Liao unsuitable to hold the licence. The order followed Liao's withdrawal of her request for a hearing before the Financial Services Tribunal.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-05-13GlobalWorld Federation of Exchanges

    World Federation of Exchanges research quantifies climate risk premium in commodity options and links it to climate policy uncertainty

    The World Federation of Exchanges' research reveals that climate risks are positively priced into commodity options, creating a climate risk premium, with moderate climate policy uncertainty linked to higher premia. The study, using a proprietary dataset of iron ore options on the Singapore Exchange, suggests that transparent climate policies can reduce uncertainty and enhance pricing efficiency.

    ResearchClimate risk and sustainable finance
  • 2025-05-13ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges STRD24DA bondholders to scrutinize proposed default waivers and revised repayment terms

    The Thailand SEC advises holders of Wastech Exponential’s STRD24DA bond to review information and exercise rights at the bondholders’ e-meeting. Proposals include waiving default due to non-payment, altering repayment schedules, and adjusting interest rates. Bondholders will vote on changes, including shifting principal repayment to maturity in December 2026 and modifying interest payment terms.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-05-13GlobalISDA

    International Swaps and Derivatives Association details margin and collateral initiatives for pension derivatives users including semiannual SIMM calibration

    The International Swaps and Derivatives Association (ISDA) highlighted the role of derivatives in pension risk management and discussed regulatory and market-structure changes impacting pension funds' hedging and margining practices. ISDA also noted its efforts to enhance margin and collateral processes, including semiannual calibration of the ISDA Standard Initial Margin Model and promoting automation in collateral management.

    Policy & regulationImplementation, projects & pilots
  • 2025-05-13GlobalISDA

    International Swaps and Derivatives Association extends Digital Regulatory Reporting to Canadian Securities Administrators reporting amendments and adds Harmonized XML support

    The International Swaps and Derivatives Association (ISDA) has expanded its Digital Regulatory Reporting (DRR) solution to include revised Canadian derivatives trade reporting rules by the Canadian Securities Administrators (CSA), with implementation set for July 25, 2025. The update supports Harmonized XML for compliance and will extend to Commodity Futures Trading Commission (CFTC) reporting, marking Canada as the seventh jurisdiction covered by ISDA DRR, with plans to support 11 rule sets across nine jurisdictions.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2025-05-13CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada imposes CAD 249,480.50 administrative monetary penalty on Marouf Management for AML compliance failures

    The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 249,480.50 penalty on Marouf Management Inc. for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate compliance policies, risk assessment failures, and registration issues. FINTRAC also issued 12 notices of violation in 2023–24, totaling CAD 26,115,999.50.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-05-13EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority urges deeper regional and international cooperation at IOSCO AMERC meeting

    Mohamed Farid, chair of Egypt's Financial Regulatory Authority, attended the AMERC meeting at IOSCO's annual event in Qatar, advocating for enhanced cooperation among capital markets regulators. He emphasized robust supervisory frameworks to protect retail investors amid digital and geopolitical changes, highlighting fintech's role in market development and balanced regulation. Discussions covered online retail investor protection, fintech, sustainability, and IOSCO's roadmap for retail investor protection.

    Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
  • 2025-05-13EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority delivers non-banking finance awareness lecture to more than 140 Alexandria University students

    The Egypt Financial Regulatory Authority, in collaboration with Alexandria University, conducted an awareness lecture on its supervisory role in non-banking financial activities. The session highlighted the FRA's efforts in risk reduction, financial awareness promotion, and market participant protection. This lecture is part of a broader initiative to enhance youth financial literacy and inclusion.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-13EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority hosts virtual Nilepreneurs workshop for 80 participants on non-banking financial services

    The Egypt Financial Regulatory Authority held a virtual workshop under the Nilepreneurs initiative to enhance non-banking financial literacy. Attended by 80 participants, it focused on supervising non-banking financial activities like mortgage finance, insurance, and consumer finance, emphasizing financing for small, medium, and micro enterprises. This workshop is part of efforts to strengthen entrepreneurship support and connect projects with financing providers.

    Policy & regulationImplementation, projects & pilotsFinancial literacy and education
  • 2025-05-13ChileCentral Bank of Chile

    Central Bank of Chile’s Business Perceptions Report finds trade tensions have lifted uncertainty while financial conditions ease

    The Central Bank of Chile's latest Business Perceptions Report highlights increased uncertainty among Chilean firms due to global trade tensions following U.S. tariff hikes. While direct impacts are not yet widespread, concerns focus on potential price increases for raw materials and lower sales. Financial conditions have eased with lower interest rates, but credit demand remains limited, and firms are cautious about investments amid international uncertainties.

    Data & statisticsMarket risk and volatility
  • 2025-05-13RussiaCentral Bank of Russia

    Central Bank of Russia outlines State Duma-approved amendments expanding access to the Long-term Savings Programme and adding a cooling-off period

    The Central Bank of Russia announced legislative amendments expanding access to the Long-term Savings Programme (LSP) and allowing early termination of certain agreements without losing government support. From 1 October 2025, individuals can join the LSP via the Public Services Portal. A new cooling-off mechanism permits termination of LSP agreements without co-financing, retaining eligibility for government support under other agreements if done before 1 April of the co-financing year.

    Policy & regulationRules & requirementsSME financing
  • 2025-05-13VietnamState Bank of Vietnam

    State Bank of Vietnam proposes Law on Credit Institutions amendments to codify collateral seizure powers and 0% special lending

    The State Bank of Vietnam has proposed a draft law amending the Law on Credit Institutions, to be presented to the National Assembly. It aims to codify Resolution 42's bad-debt framework, establish conditions for collateral seizure, and revise the central bank's special lending powers, including a 0% interest rate. The proposal has been assessed by the Ministry of Justice and will be reviewed by the National Assembly with an appraisal report from its Economic and Financial Committee.

    Policy & regulationRules & requirementsOther
  • 2025-05-13United StatesCommodity Futures Trading Commission

    US Commodity Futures Trading Commission schedules Energy and Environmental Markets Advisory Committee meeting to consider transitional energy metals markets report

    The US Commodity Futures Trading Commission's Energy and Environmental Markets Advisory Committee will hold a virtual public meeting on May 28, 2025, to discuss subcommittee reports on metals markets in transitional energy and physical energy infrastructure. The meeting will include a vote on advancing the metals markets report to the Commission. Public access will be available via webcast and listen-only conference line.

    Policy & regulationOtherClimate risk and sustainable finance
  • 2025-05-13United StatesCommodity Futures Trading Commission

    Commodity Futures Trading Commission responds to court-recommended sanctions in Traders Global case and sets out enforcement conduct reforms

    The Commodity Futures Trading Commission (CFTC) issued a statement by Acting Chairman Caroline D. Pham addressing a federal court report recommending sanctions against the agency for misconduct in CFTC v. Traders Global Group Inc. The report highlighted willful misconduct and false statements by CFTC staff, prompting Pham to outline corrective actions, including reorganization of the Division of Enforcement and enhanced training. Staff involved have been placed on administrative leave pending further investigation.

    Institutional developmentMandate & organizational structure
  • 2025-05-13CanadaBritish Columbia Financial Services Authority

    British Columbia Financial Services Authority CEO outlines extra-provincial requirements for credit unions to operate across provincial borders

    British Columbia Financial Services Authority CEO Tolga Yalkin, at a Canadian Credit Union Association conference, discussed how provincially regulated credit unions could expand services beyond their home province while maintaining consumer protection and financial stability. He highlighted extra-provincial operations as a less disruptive alternative to federal continuance, emphasizing the need for provincial coordination on prudential and conduct outcomes, including capital adequacy, liquidity, and deposit insurance.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-13ArgentinaCentral Bank of Argentina

    Central Bank of the Argentine Republic sets out Stage 3 FX liberalisation under a band regime and signals BOPREAL Series 4

    The Central Bank of Argentina's Vice President, Vladimir Werning, outlined the Board's "Stage 3" program at the Argentine Institute of Finance Executives Congress, focusing on eliminating the exchange-rate gap and lifting FX controls within a managed band regime. Key measures include using IMF resources to repurchase non-transferable USD instruments, expanding the repo facility, and introducing a banded exchange-rate regime. The speech also highlighted the forthcoming BOPREAL Series 4 issuance to address legacy external obligations and efforts to enhance payments interoperability and banking deregulation through 2025.

    Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
  • 2025-05-13United Arab EmiratesGeneral Pension and Social Security Authority

    General Pension and Social Security Authority records 130 work-related disability cases resulting in unplanned retirements

    The General Pension and Social Security Authority (GPSSA) reported 130 unplanned retirements due to work-related injuries or disabilities from Work Fitness Assessment applications. Employers submitted 479 applications, with a medical committee determining eligibility for disability pensions, calculated on 15 years of service or the actual contribution period. GPSSA emphasized the importance of accurate and timely submissions from employers and reminded individuals of their rights to claim disability pensions.

    Data & statisticsOther
  • 2025-05-13TaiwanTaiwan Financial Services Commission

    Taiwan Financial Services Commission publishes March 2025 credit card, cash card and electronic payment business statistics

    The Taiwan Financial Services Commission released March 2025 business statistics for credit cards, cash cards, and electronic payment institutions. Key figures include NT$113.1 billion in revolving credit balances for credit cards, NT$10.2 billion in cash card loan balances, and NT$2.04 trillion in non-cash payment transactions for the first quarter. The report highlights delinquency ratios of 0.31% for credit cards and 1.169% for cash cards.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-05-13TaiwanTaiwan Financial Services Commission

    Taiwan Financial Supervisory Commission reports domestic banks SME loans at NT$10,412bn by end-March 2025

    Taiwan's Financial Supervisory Commission reported domestic banks' loans to SMEs totaled NT$10,412 billion by March 2025, a NT$43 billion increase from February. SME lending accounted for 64.08% of loans to all enterprises and 67.92% of loans to private enterprises, with a slight decrease from February. The average non-performing loan ratio for SME loans rose to 0.25%, prompting the FSC to emphasize risk management in SME lending.

    Data & statisticsLendingAsset quality
  • 2025-05-13United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury outlines bank regulatory reform agenda spanning supervisory culture changes and capital and liquidity modernization

    At a U.S. Bancorp meeting, Treasury Deputy Secretary Michael Faulkender outlined priorities for modernizing bank regulation, emphasizing reduced regulatory burden and enhanced financial risk oversight. He highlighted an executive order for regulatory review by the Office of Management and Budget and Treasury's role in harmonizing regulatory approaches. Key points included refining supervisory practices, potential selective use of Basel Committee standards, and reassessing capital and liquidity frameworks.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-05-13Trinidad & TobagoMinistry of Finance (Trinidad & Tobago)

    Trinidad and Tobago Ministry of Finance meets CAF to review ongoing initiatives as Trinidad and Tobago takes one-year chairmanship of CAF Board

    The Trinidad and Tobago Ministry of Finance detailed an introductory meeting between Finance Minister Davendranath Tancoo and CAF Development Bank representatives, highlighting CAF's role as the principal multilateral development partner. Discussions covered loan financing and technical assistance in flood mitigation, corporate governance, digital payments, and public procurement. Trinidad and Tobago also assumed the chairmanship of CAF’s Board of Directors for a year.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-13Trinidad & TobagoMinistry of Finance (Trinidad & Tobago)

    Trinidad and Tobago Ministry of Finance meets CAF to review cooperation and confirms one-year chairmanship of CAF Board

    Trinidad and Tobago's Ministry of Finance announced Finance Minister Davendranath Tancoo's meeting with the CAF Development Bank of Latin America and the Caribbean, highlighting CAF as the country's main multilateral development partner. Trinidad and Tobago has also assumed the chairmanship of CAF’s Board of Directors for a one-year term.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-13United Arab EmiratesDubai International Financial Centre

    Dubai International Financial Centre signs partnership with Moro Hub to expand digital transformation, cloud and cybersecurity services

    The Dubai International Financial Centre (DIFC) signed a Memorandum of Understanding with Moro Hub to collaborate on advanced digital services for the DIFC Authority and its ecosystem. The partnership aims to enhance technology infrastructure and services, focusing on digital transformation, cloud services, cybersecurity, artificial intelligence, and enterprise resource planning. The MoU was signed at the Dubai FinTech Summit, where Moro Hub showcased its solar-powered data centre.

    Institutional developmentCooperation & capacity buildingFintech and insurtechMarket development
  • 2025-05-13United Arab EmiratesDubai International Financial Centre

    Dubai International Financial Centre launches 1 Million Learners initiative to deliver sustainability and sustainable finance education to one million people by 2030

    Dubai International Financial Centre (DIFC) has launched the '1 Million Learners' initiative under its Sustainable Finance Catalyst to educate one million individuals on sustainability and sustainable finance by 2030. Supported by 29 founding partners, including major financial and educational institutions, the programme will have GIST Impact as its impact partner to measure outcomes aligned with global sustainability frameworks.

    Financial literacy & educationESGFinancial literacy and education
  • 2025-05-12BulgariaBulgaria Financial Supervision Commission

    Bulgaria Financial Supervision Commission approves board appointment and REIT articles changes and notifies Germany on a planned cross-border fund offering

    The Bulgaria Financial Supervision Commission approved an independent board member for POD – Future AD and amendments to Varvara Thermal Village REIT's Articles of Association. It also notified German authorities about Karoll Capital Management EAD's plan to offer units of the Advance Opportunities in New Europe mutual fund in Germany.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-05-12KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo partners with the Bank of Slovenia to upgrade its macroprudential framework

    The Central Bank of the Republic of Kosovo announced cooperation with the Bank of Slovenia to enhance its macroprudential framework under the Western Balkans central bank capacity-building programme. Senior BQK officials visited the Bank of Slovenia to assess macroprudential instruments and exchange experiences. This EU-funded initiative involves the European Central Bank, 20 EU national central banks, and eight Western Balkan central banks, coordinated by Deutsche Bundesbank.

    Policy & regulationCooperationCapacity buildingMacroprudential policy and tools
  • 2025-05-12KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo discusses EU-aligned banking reforms, SEPA pre-application and fast payments with Deutsche Bundesbank

    The Central Bank of the Republic of Kosovo detailed Governor Ahmet Ismaili's meeting with Deutsche Bundesbank President Joachim Nagel, emphasizing cooperation in financial-sector reforms and European integration. Discussions included Kosovo's EU integration progress, the Single Euro Payments Area pre-application, and the TIPS Clone project with the Bank of Italy. The meeting also addressed aligning Kosovo's banking regulations with EU standards, with Bundesbank support in capacity building and operational areas.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-12Dominican RepublicCentral Bank of the Dominican Republic

    Central Bank of the Dominican Republic reports USD 3,917.4 million in remittances in January to April 2025, up 12.1% year on year

    The Central Bank of the Dominican Republic reported remittance inflows of USD 3,917.4 million from January to April 2025, a 12.1% increase year-on-year, with April alone seeing USD 954.6 million. Most of April's remittances originated from the United States, accounting for 82.7% of the total. The bank also highlighted tourism receipts, exports, and foreign direct investment figures, projecting 2025 remittances to reach approximately USD 11.0 billion.

    Data & statisticsCross-border payments
  • 2025-05-12MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro gains European Commission backing for deeper alignment of Montenegro’s financial system with the EU and ESCB standards

    The Central Bank of Montenegro reported that Governor Irena Radovic met with European Commission officials to discuss integrating Montenegro’s financial system into the EU’s regulatory framework. The Commission expressed strong support for Montenegro’s progress in finance and monetary policy. Discussions with the central banks of Belgium and the Netherlands focused on aligning with European System of Central Banks standards, with plans for cooperation through specific projects.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-12LuxembourgCentral Bank of Luxembourg

    Central Bank of Luxembourg reports credit-institution employment at 26,151 at end-March 2025

    The Central Bank of Luxembourg announced that as of 31 March 2025, Luxembourg credit institutions employed 26,151 people, reflecting a quarterly increase of three jobs but a year-on-year decrease of 200. The related statistical series is available on the bank's website.

    Data & statisticsActivity and performance reporting