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  • 2025-05-07BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission launches daily-updated open dataset on administrative sanctioning proceedings ahead of schedule

    Brazil’s Securities Commission (CVM) has launched a new "Sanctioning Proceedings" dataset on its Open Data Portal, ahead of its planned release. The dataset, updated daily, includes basic information on Administrative Sanctioning Proceedings at the "service of process and submission of defences" stage. CVM also released an updated Open Data Plan for June 2024 to May 2026, detailing data management strategies.

    Data & statisticsRegulatory reporting
  • 2025-05-07SerbiaNational Bank of Serbia

    National Bank of Serbia reports record 468,697 instant payments in the IPS NBS system

    The National Bank of Serbia reported a new daily record for its instant payments system, IPS NBS, with 468,697 payments totaling RSD 6.9 billion on 5 May 2025. The system, operational since October 2018, allows 24/7/365 payment initiation with immediate fund availability.

    Data & statisticsPayments and payment systems
  • 2025-05-07SerbiaNational Bank of Serbia

    National Bank of Serbia reminds citizens that fee-free tax payments at Treasury Administration counters are available only with the Dina card

    The National Bank of Serbia reminded taxpayers that the second instalment of the 2025 personal property tax is due on 15 May and can be paid commission-free using the Dina card at Ministry of Finance Treasury Administration counters. The Dina card can also be used for various taxes and public-revenue obligations, including personal income tax, motor vehicle sales tax, and mandatory social insurance contributions for farmers. Payments can be made for entities with sub-accounts in the Treasury Administration and those holding accounts in commercial banks, such as electricity utilities and telecom services.

    Policy & regulationGuidance & interpretationPayments and payment systems
  • 2025-05-07SerbiaNational Bank of Serbia

    National Bank of Serbia reports April RTGS and clearing activity with 19 million payments and 100% availability

    The National Bank of Serbia reported April 2025 operational statistics for its RTGS, Clearing, Interbank Foreign Currency Clearing, and International Foreign Exchange Clearing Systems, highlighting 19.0 million payments processed with 100% availability. RTGS handled 95% of payments, totaling RSD 17,288.4bn, while the Clearing System processed RSD 24.6bn. The foreign currency systems processed EUR 172.2 million with full availability.

    Data & statisticsActivity and performance reporting
  • 2025-05-07PhilippinesPhilippines Insurance Commission

    Philippines Insurance Commission orders liquidation of Caritas Financial Plans and approves liquidation plan

    The Philippines Insurance Commission has ordered the liquidation of Caritas Financial Plans, Inc. (CFPI) due to trust fund and capital deficiencies, appointing Atty. Jose A. Barcelon as liquidator. CFPI was previously under conservatorship and receivership for failing to comply with the Pre-Need Code of the Philippines and facing liquidity issues. The liquidation plan allows claimant-planholders and creditors a 120-day period to file claims, with initial payments expected in early 2026.

    SupervisionInterventionsLiquidity riskPrudential risks
  • 2025-05-07MalaysiaMalaysia Securities Commission

    Malaysia Securities Commission charges Razrul Anwar bin Rusli over RM3.159 million Amal Trust fictitious investment scheme and unlicensed securities dealing

    The Malaysia Securities Commission has charged Razrul Anwar bin Rusli with defrauding investors of RM3.159 million through fictitious investments in a scheme called "Amal Trust." He faces ten charges, including falsely representing Shariah-compliant bonds and conducting unlicensed capital market activities. Razrul claimed trial and was granted bail, with the SC advising the public to verify investment offers through its Investment Checker.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-05-07AlbaniaAlbania Financial Services Authority

    Albania Financial Services Authority publishes April 2025 issue of its periodical

    The Albania Financial Services Authority released issue 191 of its periodical for April 2025, detailing its regulatory, supervisory, and institutional activities. The publication aims to assist consumers and investors in understanding the markets under its supervision.

    Financial literacy & educationOther
  • 2025-05-07GlobalNetwork for Greening the Financial System

    Network for Greening the Financial System publishes first five-year short-term climate scenarios for central banks and supervisors

    The Network for Greening the Financial System released the first vintage of NGFS Short-Term Scenarios to aid central banks and supervisors in assessing near-term macro-financial effects of climate policy and change over the next five years. The scenarios, which include transition and physical risk pathways, highlight potential global output losses and unemployment impacts, with detailed results accessible via the NGFS IIASA Scenario Explorer.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-05-07PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission launches six new digital platforms and inaugurates an in-house data center

    The Philippine Securities and Exchange Commission has launched six digital platforms and the SEC Data Center to enhance regulatory services and internal processes. Key platforms include HARBOR for beneficial ownership information, VERITAS for blockchain-based document approval, and EASE for alternative corporate filings. The SEC Data Center aims to improve service availability, data security, and regulatory oversight.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-05-07SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority issues scam alert over luxequant.com’s unauthorised use of an FSA securities dealer licence number

    The Seychelles Financial Services Authority (FSA) issued a scam alert regarding luxequant.com, which falsely displays the licence and registration number of an FSA-regulated Securities Dealer. The FSA emphasized the importance of conducting thorough research before engaging in financial transactions and clarified it will not be liable for any engagements with the website.

    SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
  • 2025-05-07CroatiaCroatian Financial Services Supervisory Agency

    Croatian Financial Services Supervisory Agency reports EUR 7.77 million management-fee refund to mandatory second-pillar pension funds

    The Croatian Financial Services Supervisory Agency has redistributed EUR 7,768,047.40 in excess management fees to members of mandatory second-pillar pension funds, following statutory caps on fee retention. The funds were allocated via the Central Register of Insured Persons to pension funds managed by Allianz ZB, Erste, PBZ Croatia osiguranje, and Raiffeisen. The management fee rate is currently 0.24% per year, set to decrease to 0.20% by 2029.

    SupervisionInterventionsLicence approval
  • 2025-05-07PolandCentral Bank of Poland

    National Bank of Poland reports official reserves down to EUR 213.2bn at end-April 2025

    The National Bank of Poland reported official reserve assets of EUR 213.2 billion (USD 242.4 billion) at the end of April 2025. Reserves decreased by EUR 6.2 billion from March in euro terms but increased by USD 4.9 billion in dollar terms. The bank prioritizes safety and liquidity in reserve management, with investments primarily in Treasury securities and some diversification into non-government debt and investment funds.

    Data & statisticsBalance of payments and other external statistics
  • 2025-05-07GlobalISDA

    International Swaps and Derivatives Association extends Digital Regulatory Reporting to EU and UK MiFID MiFIR and plans integration with DTCC GTR reporting mechanism

    The International Swaps and Derivatives Association (ISDA) will expand its Digital Regulatory Reporting solution to include EU and UK MiFID/MiFIR transaction reporting, collaborating with The Depository Trust & Clearing Corporation (DTCC) to integrate this into DTCC’s Global Trade Repository MiFID/MiFIR Approved Reporting Mechanism. This initiative aims to enhance report accuracy and efficiency, with DTCC planning to support UK MiFID/MiFIR transaction reports from Q1 2026, pending regulatory approval, and revised requirements expected in 2027.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2025-05-07Saudi ArabiaSaudi Arabia Insurance Authority

    Saudi Arabia Insurance Authority reports 2024 sector profit of SAR 3.6 billion and higher non-oil GDP contribution

    The Saudi Arabia Insurance Authority reported that sector profit rose to SAR 3.6 billion in 2024 from SAR 3.2 billion in 2023, while its contribution to non-oil GDP reached 2.59%. Total written premiums grew, with notable increases in protection and savings insurance.

    Data & statisticsActivity and performance reportingRegulatory reportingMarket development
  • 2025-05-07HungaryNational Bank of Hungary

    National Bank of Hungary releases March 2025 securities statistics showing central government securities down HUF 687 billion

    The National Bank of Hungary released March 2025 statistics on securities issued by Hungarian residents, showing total outstanding securities at HUF 108,766 billion, with positive transaction flows offset by price losses and exchange-rate effects. Central government securities fell by HUF 687 billion, influenced by higher yields and exchange-rate movements. Revisions were made to securities statistics back to December 2024 due to data corrections.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-05-07United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee chair urges Treasury to scrap the IMF Resilience and Sustainability Facility and end multilateral bank support for China

    U.S. House Financial Services Committee Chairman French Hill urged a "back-to-basics" approach for the IMF and multilateral development banks, criticizing their climate and social policy focus. Hill proposed eliminating the Resilience and Sustainability Facility, emphasizing the Poverty Reduction and Growth Trust, and requiring legislative approval for future Special Drawing Rights allocations. He urged ceasing all assistance to China, while supporting nuclear energy financing and prioritizing public health, education, and infrastructure.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-07EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority to form joint working teams with Ministry of Local Development and Social Housing Fund to expand non-banking finance and insurance

    The Egypt Financial Regulatory Authority, in coordination with the Minister of Local Development and the Social Housing and Mortgage Finance Support Fund, plans to enhance the use of non-banking financial services and insurance products. Joint working teams will develop an executive plan to extend these services, focusing on insurance coverage and financial awareness, to a wider citizen base, including rural areas.

    Policy & regulationCooperationFinancial inclusionDomestic cooperation
  • 2025-05-07CanadaPayments Canada

    Payments Canada confirms Real-Time Rail build remains on track for completion in Q3 2025

    Payments Canada announced that the Real-Time Rail (RTR) system is on schedule for completion in Q3 2025, as per the program plan. The update, shared at The Payments Canada SUMMIT with partners Interac, CGI, IBM Canada, and Deloitte Canada, emphasized the collaborative approach. Testing is expected to continue through 2025 and 2026, with the RTR launching post successful testing.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-05-07Sri LankaCentral Bank of Sri Lanka

    Central Bank of Sri Lanka mandates two-hour notification for banks’ IT and cybersecurity incidents and revokes 2016 reporting circular

    The Central Bank of Sri Lanka has updated supervisory requirements for licensed commercial and specialised banks to report IT and cybersecurity incidents, enhancing operational resilience. The directive specifies reportable incidents, including intrusions, scams, outages, and regulatory non-compliances, with immediate and periodic reporting obligations. The 2016 circular on cybersecurity event reporting is revoked.

    Policy & regulationRules & requirementsCyber resilience
  • 2025-05-07NorwayNorwegian Finanstilsynet

    The Financial Supervisory Authority of Norway criticises Sparebanken Sør for opaque securities fund price disclosures

    The Financial Supervisory Authority of Norway released a report on Sparebanken Sør's securities fund marketing, highlighting unclear and complex online price information. Key issues include the need for customers to calculate total costs themselves and difficulty in locating nominal fund prices. Sparebanken Sør agreed with the findings and plans interim corrections before a full webpage redesign following its merger with Sparebanken Vest.

    SupervisionReviews, inspections & stress testsDisclosures
  • 2025-05-07NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority invites to 5 June seminar on financial stability risks, bank stress testing and regulatory simplification

    The Norwegian Financial Supervisory Authority (Finanstilsynet) will host a seminar on 5 June 2025, addressing vulnerabilities in Norway’s financial system and banks' stress resilience. The event will feature Finanstilsynet’s Financial Outlook report, stress test results, and insights from over 60 inspections. Discussions will also cover regulatory simplification efforts at European, Nordic, and Norwegian levels.

    SupervisionRisk monitoring & watch pointsStress testingFinancial stability and systemic risk
  • 2025-05-07VietnamState Bank of Vietnam

    State Bank of Vietnam coordinates VND 500 trillion preferential credit package with 21 banks for infrastructure and digital investment

    The State Bank of Vietnam has launched a VND 500 trillion credit package through 21 commercial banks to support infrastructure and digital technology investments, offering preferential lending terms. Contributions come from state-owned and private banks, with a minimum interest rate discount of 1 percentage point and a preferential period of at least two years. The central bank is working with ministries to define eligible sectors and manage funding challenges, with implementation efforts underway since April.

    Policy & regulationImplementation, projects & pilotsLending
  • 2025-05-07MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets to sue BT LEASING MD over abusive leasing clauses and rejects INTACT ASIGURARI GENERALE appeal on MTPL claim payout

    Moldova's National Commission for Financial Markets (CNPF) identified non-compliance by BT LEASING MD in a consumer leasing arrangement and rejected INTACT ASIGURARI GENERALE SA's appeal regarding motor third party liability (MTPL) claim handling. BT LEASING MD breached Law No. 202/2013 by altering contract terms and imposing abusive penalties, prompting CNPF to seek court action. INTACT ASIGURARI GENERALE's appeal against a decision requiring claim regularisation under Law No. 106/2022 was denied.

    EnforcementInvestigations & enforcement actionsConsumer and investor protection
  • 2025-05-07NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway fines Revisor-Partner AS NOK 300000 for serious breaches of the Auditor Act

    The Financial Supervisory Authority of Norway fined Revisor-Partner AS NOK 300,000 for serious breaches of the Auditor Act, including deficiencies in client acceptance, audit evidence sufficiency, and professional scepticism. The report highlighted inadequate assessments of management integrity, reliance on management representations, insufficient fraud risk identification, and a deficient anti-money laundering risk assessment, with potential follow-up actions on the firm's quality management practices.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission fines Jorge Said Yarur UF 200 for breaching issuer blackout trading restrictions

    The Chile Financial Market Commission sanctioned Jorge Said Yarur with a UF 200 fine for violating insider trading restrictions under the Securities Market Law. Said Yarur, brother of a Parque Arauco S.A. director, sold 1.3 million shares before the issuer's financial statements disclosure, breaching Article 16(5) of Law No. 18,045.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission opens second consultation on revised Fraud Act reporting and File E24 requirements

    Chile’s Financial Market Commission has launched a second consultation on updating reporting requirements under Law No. 20,009 (Fraud Act). The proposal amends General Rule No. 487 to align with Law No. 21,673, adding fields for fraud-claim processing, judicial actions, and expanding reporting to include more case types and user claim requirements.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission relaxes promissory note requirement for non-resident checking-account overdrafts in Chilean pesos

    The Chile Financial Market Commission amended Chapter 8-1 of the Updated Compilation of Banking Regulations to ease access for non-resident, non-domiciled counterparties to overdrafts in Chilean pesos. This change allows banks to use alternative instruments for debt collection, except for entities with high risk ratings or global systemic importance. The amendment, from the Market Development Committee, aims to support the internationalization of the Chilean peso and improve market liquidity.

    Policy & regulationRules & requirementsCross-border paymentsMarket development
  • 2025-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission sanctions 30 private investment fund managers for late quarterly fund reporting

    Chile’s Financial Market Commission sanctioned 30 Private Investment Fund Managers for failing to meet quarterly disclosure obligations under General Rule No. 475. Sanctions included fines ranging from UF 30 to UF 330 and censures, with the highest fines imposed on IBF Capital Administradora S.A. and Gestora La Avanzada S.A.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-05-07ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission issues action plan to link public fund fees and incentives to long-term investor returns and streamline product approvals

    The China Securities Regulatory Commission's "Action Plan for Promoting High-Quality Development of Publicly Offered Funds" aims to shift from scale-driven growth to investor-return outcomes. Reforms include performance-benchmark-based floating management fees, enhanced governance, risk controls, new regulatory guidelines, and disclosure templates. The plan emphasizes faster registration, revised fund company governance standards, and stronger legal and enforcement tools.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-07ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission issues action plan to reform public mutual funds with performance-linked fees and stronger investor alignment

    The China Securities Regulatory Commission has released an action plan to enhance the public mutual fund sector, focusing on investor returns over asset gathering. Key measures include a floating management fee model linked to fund performance, strengthened alignment between fund managers and investors, and improved governance and liquidity risk frameworks. The plan also calls for optimized fund registration, more index funds, and enhanced performance assessments.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-05-07United StatesOffice of the Comptroller of the Currency

    United States Office of the Comptroller of the Currency clarifies national banks’ and federal savings associations’ authority to provide crypto-asset custody and execution services

    The United States Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1184, clarifying that national banks and federal savings associations can provide crypto-asset custody and execution services. Banks may buy and sell assets at a customer's direction and outsource these activities to third parties, subject to risk management practices. All activities must comply with applicable law and be conducted safely, referencing authority from Interpretive Letters 1170 and 1183.

    Policy & regulationGuidance & interpretationClient asset custody and safekeepingOutsourcing and third-party risk management
  • 2025-05-07ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission launches consultation on automatic authorisation regimes for low and medium impact public share offerings

    The Argentina Securities Commission (CNV) has initiated a public consultation on General Resolution 1065 to establish two new special public offering regimes for shares with "automatic authorisation" to simplify market access and reduce IPO costs. The low-impact regime exempts issuers from general-entry documentation and ongoing disclosure, while the medium-impact regime requires only annual financial statements under Argentine standards. Existing issuers can transfer to these regimes if they meet certain criteria, with CNV maintaining supervisory and investor-protection powers.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-05-07ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission publishes State Council Information Office press conference transcript on package of financial policies to stabilise markets and expectations

    The China Banking and Insurance Regulatory Commission released a transcript from a State Council Information Office press conference detailing financial policies aimed at supporting market stability and stabilizing expectations.

    Policy & regulationGuidance & interpretationMonetary policy decisions and developments
  • 2025-05-07ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration sets 2025 requirements for micro and small enterprise finance including stable lending volumes and reasonable inclusive loan rates

    China's National Financial Regulatory Administration's 2025 agenda for micro and small enterprises focuses on maintaining volume, improving quality, stabilizing prices, and optimizing structure in inclusive finance. It emphasizes credit support, risk management, financial technology to reduce costs, improved loan pricing, and outreach to first-time borrowers. Banks and insurers should enhance incentives, resource support, and product development, focusing on coordination and information sharing.

    Policy & regulationReform agendas & prioritiesSME financing
  • 2025-05-07MaldivesMaldives Monetary Authority

    Maldives Monetary Authority launches the Maldives Islamic Social Finance Initiative with MVR 250 million pledged for Shariah-compliant social finance programmes

    The Maldives Monetary Authority launched the Maldives Islamic Social Finance Initiative to integrate Islamic social finance into the national banking framework, focusing on socially impactful projects. It will use instruments like Sadaqah, Waqf, and Islamic crowdfunding, with initial funding of MVR 250 million from Bank of Maldives, Maldives Islamic Bank, and the MMA. The pilot phase will develop digital platforms and financial products for underserved communities, aiming for scalable growth.

    Policy & regulationImplementation, projects & pilotsFinancial inclusionMarket development
  • 2025-05-07ArgentinaArgentina Superintendency of Insurance

    Argentina Superintendency of Insurance launches centralized public search tool for authorised insurance market participants

    Argentina’s Superintendency of Insurance has launched a centralized public consultation tool for verifying the registration and authorization of individuals and entities in the insurance market. The platform allows name-based searches for insurance companies, producers, advisers, actuaries, and other regulated subjects, enhancing transparency and public access to information.

    Policy & regulationImplementation, projects & pilotsLicence approval
  • 2025-05-07AustraliaAustralian Competition and Consumer Commission

    Australian Competition and Consumer Commission consults on authorising AusPayNet and paper clearing members to coordinate the wind-down of Australia’s cheques system

    The Australian Competition and Consumer Commission has issued a draft determination proposing to grant authorisation AA1000689, allowing Australian Payments Network Limited and members of the Australian Paper Clearing System to collaborate on the government's planned wind-down of the cheques system, with cessation targeted by 2029. Submissions on the draft are due by 23 May 2025, with the authorisation proposed until 31 December 2030.

    SupervisionAuthorisations & approvalsPayments and payment systems
  • 2025-05-07United Arab EmiratesGeneral Pension and Social Security Authority

    General Pension and Social Security Authority launches May 2025 awareness campaign on medical retirement and work fitness assessments

    The General Pension and Social Security Authority (GPSSA) launched a May 2025 awareness campaign on medical retirement, addressing increased public engagement on social media. The initiative clarifies eligibility for retirement due to medical unfitness and directs insured individuals to the Work Fitness Assessment service via the Ma’ashi platform. GPSSA outlines conditions under Federal Law No. 7 of 1999 for retirement due to total disability from work injuries, non-work causes, and permanent medical unfitness.

    Financial literacy & educationOther
  • 2025-05-07MongoliaCentral Bank of Mongolia

    Central Bank of Mongolia presents results of Mongolia’s first climate scenario analysis involving six banks

    The Central Bank of Mongolia, with the United Nations Economic and Social Commission for Asia and the Pacific, presented Mongolia’s first bottom-up Climate Scenario Analysis (CSA) assessing climate-related financial risks across six banks. Part of the "Readiness Support for Greening the Bank of Mongolia" project, it applied climate transition and physical risk scenarios, focusing on drought-dzud and flooding. The CSA aims to encourage broader participation from banks and financial institutions in future assessments.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan Financial Services Commission plans digital insurer regime overhaul including six-month innovation protection and lower capital floors of NT$500 million and NT$1 billion

    The Taiwan Financial Services Commission (FSC) plans to revise rules for internet-only insurers, renaming them "digital insurers" and expanding their product and operational scope. The framework includes reduced capital requirements, eased founder thresholds, and provisions for foreign digital insurers to establish branches in Taiwan. The FSC will introduce a six-month innovation protection period for new products and continue regulatory revisions with public consultations.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan's Financial Supervisory Commission sets new policy direction for digital insurers including broader operating scope and lower minimum capital

    Taiwan's Financial Supervisory Commission will revise the qualification framework for "internet-only insurers," transitioning to a broader "digital insurer" concept with eased entry and operating constraints. Changes include renaming to "digital insurer," allowing physical service locations, and lowering minimum paid-in capital requirements. Foreign digital insurers meeting specific criteria may apply to establish a branch in Taiwan, with further regulatory revisions and public hearings planned.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan Financial Supervisory Commission consults on rule changes to broaden digital insurer models and lower minimum capital requirements

    Taiwan's Financial Supervisory Commission has released draft amendments to support digital insurers, renaming the "internet-only insurer" framework to "digital insurer" and expanding business models. Key changes include removing the time limit for establishing digital insurers, reducing minimum paid-in capital requirements, and allowing physical operations. The draft also introduces innovation protection mechanisms and sets requirements for foreign insurers establishing digital branches in Taiwan.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07United KingdomThe Pensions Regulator

    United Kingdom's The Pensions Regulator updates guidance to improve third-party applications for independent trustee appointments and other powers

    The Pensions Regulator (TPR) has issued updated guidance to assist trustees, scheme managers, and sponsoring employers in making third-party applications for TPR to exercise certain powers, such as appointing an independent trustee. The guidance clarifies the roles of applicants, TPR’s case team, and the Determinations Panel, emphasizing the applicant's responsibility to provide evidence for the use of powers.

    Policy & regulationGuidance & interpretationOther
  • 2025-05-06Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency updates interactive map showing pension funds invested DOP 147,961 million across 170 projects

    The Dominican Republic's Pensions Superintendency (SIPEN) updated its Interactive Map of pension fund investments, showing a 30.86% increase in investment value to DOP 147,961 million and a 10.39% rise in projects to 170 by December 2024. The Commission for Risk Rating and Investment Limits (CCRyLI) approved 56 investment funds, totaling DOP 446,532 million, as eligible for pension fund investments. These investments span sectors like tourism, real estate, and sustainable energy, impacting over half of the country's provinces.

    Data & statisticsMarket development
  • 2025-05-06GlobalEgmont Group

    Egmont Group reinforces cooperation with MENAFATF at the 40th Plenary and spotlights female leadership

    The Egmont Group updated on its cooperation with the Middle East and North Africa Financial Action Task Force (MENAFATF), emphasizing the role of Financial Intelligence Units (FIUs) in combating money laundering and terrorist financing in the MENA region. The update highlighted discussions at MENAFATF’s 40th Plenary and contributions of Egmont Group Chair Elzbieta Franków-Jaskiewicz and Vice-Chair Sheika May Al Khalifa in fostering collaboration.

    Policy & regulationCooperationAML and CFTFinancial inclusion
  • 2025-05-06MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro highlights cooperation with Narodowy Bank Polski and supports stronger Montenegro Poland economic ties

    The Central Bank of Montenegro reported a meeting between Governor Irena Radovic and Veljko Milonjic on enhancing Montenegro–Poland economic cooperation. Discussions highlighted collaboration with Narodowy Bank Polski under an EU-financed program to strengthen central bank capacities in the Western Balkans. Poland's upcoming role as chair of the Council of the European Union presents opportunities for advancing Montenegro's European integration efforts.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro meets incoming ambassador to Denmark to explore stronger economic and central bank cooperation

    The Central Bank of Montenegro's Governor Irena Radovic met with Snežana Radovic, Montenegro’s future ambassador to Denmark, to discuss enhancing bilateral economic cooperation. Key areas included the green transition, digital transformation, and sustainable tourism, with potential collaboration between the two central banks. The meeting also considered Montenegro's positioning in the European context during Denmark's upcoming EU Council presidency.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06FranceFrance Autorite des marches financiers

    France's Financial Markets Authority warns against nine unauthorised crypto-asset websites operating in France

    France's Financial Markets Authority (AMF) issued a public warning and updated its list of websites illegally offering crypto-assets or services in France. Newly flagged sites include capstellar.com, exchangesage.com, and gateusd.com. The AMF advises investors to consult its blacklist and whitelist for authorised service providers.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-05-06MexicoMexico Comision Nacional Bancaria y de Valores (CNBV)

    Mexico's National Banking and Securities Commission publishes Q1 2025 liquidity ratios with median Liquidity Coverage Ratio at 278%

    Mexico's National Banking and Securities Commission (CNBV) released Q1 2025 liquidity metrics for banks, showing all institutions met or exceeded the 100% regulatory minimum for liquidity ratios. The median individual and consolidated Liquidity Coverage Ratio (CCL) was 278%, and the median individual and consolidated Net Stable Funding Ratio (CFEN) was 148% and 146%, respectively.

    Data & statistics
  • 2025-05-06New ZealandReserve Bank of New Zealand

    Reserve Bank of New Zealand releases 2024 general insurance stress test results showing claims could be met after extreme Hikurangi quake but solvency recovery depends on parent capital and reinsurance

    The Reserve Bank of New Zealand's 2024 General Insurance Industry Stress Test revealed that while insurers could meet policyholder claims in extreme earthquake and cyber scenarios, substantial mitigating actions would be necessary to restore solvency. The test highlighted the importance of capital injections, reinsurance, and fiscal buffers, with insights informing the Reserve Bank's review of solvency standards and recovery planning.

    SupervisionReviews, inspections & stress testsStress testing
  • 2025-05-06CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes updated aggregated banking sector non-performing loan data showing a slight fall in the NPL ratio to 6.2%

    The Central Bank of Cyprus reported a slight decrease in the non-performing loans (NPLs) ratio to 6.2% as of February 2025, down from 6.3% in January. This decline is attributed to repayments, positive movements in Served Categories, write-offs, and exchange rate fluctuations. The coverage ratio for non-performing exposures (NPEs) with default provisions rose to 58.9%, while restructured loans totaled EUR 1.3 billion, with EUR 0.7 billion still classified as NPEs.

    Data & statisticsFinancial and market indicators
  • 2025-05-06BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority warns consumers about seven newly identified fake online credit lenders

    The Belgium Financial Services and Markets Authority (FSMA) issued a warning about unauthorized lenders offering fake credit to Belgian consumers online, identifying seven fraudulent operators. These scams involve "cloned firm" fraud, where fraudsters misuse the names or logos of legitimate institutions and offer attractive loan terms. Consumers are urged to verify lender authorization on the FSMA website and avoid paying upfront fees.

    SupervisionAlertsFraud and scams
  • 2025-05-06UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market registers bond issuance amendments and grants capital markets licences to GONZO INVEST and EA INVEST

    The Ukraine National Commission on Securities and Stock Market registered amendments to corporate bond offerings and issuance decisions for PJSC Pharmaceutical Firm Darnitsa and TAS Dniprovagonmash LLC. It also registered share issuance result reports for JSC Ukrainian Distribution Networks and PJSC Stalkanat, approved a financial monitoring officer for COMEX SECURITIES LLC, and issued new licenses for Gonzo Invest LLC and FC "EA INVEST" LLC.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique and Bank of Mozambique sign memorandum to coordinate AML CFT and proliferation financing supervision

    The Insurance Supervision Institute of Mozambique and the Bank of Mozambique signed a memorandum to enhance cooperation against money laundering, terrorist financing, and weapons proliferation. This agreement establishes a framework for information sharing and joint actions, aligning with Mozambique's National Strategy for 2023–2027 and efforts to exit the Financial Action Task Force grey list. Additionally, the Insurance Supervision Institute joined the Bank Supervision Application platform for improved oversight.

    SupervisionCooperationAML and CFTCross-border cooperation
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique adopts Bank Supervision Application to strengthen insurance supervision and AML monitoring

    The Insurance Supervision Institute of Mozambique conducted outreach in Beira, focusing on financial education and anti-money laundering. It held its 12th insurance capacity-building programme, aligning with Mozambique’s National Financial Inclusion Strategy, and promoted the Bank Supervision Application for better supervision and data management. A briefing on compulsory motor third-party liability insurance was also provided to local authorities.

    SupervisionSupervision approach, priorities & toolkitFinancial literacy and education
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique holds AML CFT and WMD proliferation financing workshop for insurers in support of grey list exit efforts

    The Insurance Supervision Institute of Mozambique held a workshop in Maputo to enhance anti-money laundering and counter-terrorist financing practices in the insurance sector. The event aimed to improve risk assessment and clarify obligations under the AML/CFT framework. Participants requested further training and standardization of reporting templates.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique holds seminar on AML CFT obligations and national risk assessment results

    The Insurance Supervision Institute of Mozambique held its fourth outreach seminar in Inhambane, focusing on preventing money laundering and terrorist financing as part of the 2023–2027 strategy. The seminar aimed to disseminate the National Risk Assessment results and reinforce obligations under Law No. 11/2022 for entities under the Institute's supervision. This initiative is linked to broader reforms and Mozambique's strategy to be removed from the grey list approved by the Council of Ministers in December 2022.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique consults market on proposed revisions to insurance and pensions legislation

    The Insurance Supervision Institute of Mozambique, with the World Bank and a consortium, held a seminar in Maputo to discuss revising Mozambique’s insurance and pensions legislation. The initiative aims to update the legal framework to support sector development, consumer protection, and market stability. The seminar aligns with Mozambique's efforts to exit the Financial Action Task Force grey list and includes plans to modernize supervisory information systems.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique delivers its 13th insurance training in Nampula focused on mandatory cover uptake and market oversight

    The Insurance Supervision Institute of Mozambique held its 13th insurance capacity-building programme in Nampula to enhance insurance knowledge and support compulsory insurance implementation. This aligns with the National Financial Inclusion Strategy, emphasizing consumer protection and anti-money laundering. The programme also addressed regional insurance market engagement and included a session on compulsory motor third-party liability insurance for local authorities.

    Policy & regulationImplementation, projects & pilotsFinancial literacy and education
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique outlines sector priorities at the first Annual Insurance Conference

    The Insurance Supervision Institute of Mozambique reported on the Mozambique Insurers Association’s first Annual Insurance Conference, emphasizing the need for growth in life insurance, pensions, and microinsurance. The Vice-Minister of Economy and Finance urged collaboration with the government to enhance consumer education and modernize systems. Supported by experts, the conference aimed to strengthen the insurance sector and addressed topics like legal regime trends, climate events, and financial inclusion.

    Policy & regulationOtherMarket development
  • 2025-05-06PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan cuts Electronic Mortgage Register access fee to PKR 3,000 and expands access to registered intermediaries

    The Securities and Exchange Commission of Pakistan has approved reforms to the Electronic Mortgage Register, reducing access fees from PKR 15,000 to PKR 3,000 and extending validity from 30 to 90 days. Enhancements include expanded access for intermediaries, improved transparency with separate charge displays, and new features like monthly auto-alerts and prepayment options. These changes aim to streamline mortgage processing and enhance digital access for financial and corporate sectors.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-05-06GeorgiaNational Bank of Georgia

    National Bank of Georgia convenes Customs Department and banks on New Computerized Transit System and upcoming mandatory Georgian guarantees

    The National Bank of Georgia conducted a meeting with key financial stakeholders to discuss simplified customs procedures under the New Computerized Transit System (NCTS). The Customs Department outlined NCTS changes, including mandatory Georgian guarantees for cargo exiting and transiting Georgia starting May 15 and June 1, 2025, respectively. Regular informational meetings are planned.

    Policy & regulationGuidance & interpretationOther
  • 2025-05-06AlgeriaAlgeria Market Authority (COSOB)

    Algeria Market Authority promotes stock market and private equity financing at information day on nontraditional funding

    The Algeria Market Authority and the Algerian Chamber of Commerce and Industry held an information day focused on financing outside traditional channels. COSOB used the event to promote the stock market and private equity as funding options, especially for SMEs, and to encourage businesses to diversify beyond conventional financing.

    Policy & regulationCooperationSME financing
  • 2025-05-06NigeriaNigeria Securities & Exchange Commission

    Nigeria Securities and Exchange Commission warns public against unauthorized presale of Punisher Coin

    The Nigeria Securities and Exchange Commission issued a warning against an unauthorized presale of "PUNISHER COIN" ($PUN), noting the promoters are not registered in the Nigerian capital market. The Commission highlighted that PUNISHER COIN, a meme coin, lacks intrinsic value and is prone to pump-and-dump schemes. The public is advised to verify the registration status of digital assets and their promoters before investing.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-05-06NigeriaNigeria Securities & Exchange Commission

    Nigeria Securities & Exchange Commission directs public companies and registrars to honour unclaimed dividend claims pending Unclaimed Funds Trust Fund

    The Nigeria Securities & Exchange Commission issued a circular clarifying that public companies and registrars must continue honouring shareholder requests for unclaimed dividends, rather than treating them as "statute-barred," pending the operationalisation of the Unclaimed Funds Trust Fund (UFTF). This directive, based on Section 60 of the Finance Act 2020, applies to dividends unclaimed for six years or more, which are to be transferred to the UFTF. The measure is interim until the UFTF is established under the Investments and Securities Act 2025.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-05-06ChinaCentral Bank of the Republic of China

    People's Bank of China and China Securities Regulatory Commission set out measures to support issuance of science and technology innovation bonds

    The People's Bank of China and the China Securities Regulatory Commission announced a framework to support science and technology innovation bonds, aiming to expand the bond market and fund technology innovation. It allows financial institutions, technology companies, and private equity and venture capital to raise funds for technology investments with flexible issuance methods and streamlined processes. The framework includes tailored credit rating approaches, broader investor participation, and enhanced risk mitigation tools.

    Policy & regulationRules & requirementsMarket developmentSecurities offerings and listings
  • 2025-05-06IndonesiaBank Indonesia

    Bank of Indonesia survey shows primary-market residential price growth moderates to 1.07% year on year in Q1 2025

    Bank of Indonesia's Residential Property Price Survey for Q1 2025 shows a 1.07% year-on-year increase in the Residential Property Price Index, down from 1.39% in Q4 2024. Primary-market residential sales rose 0.73% year on year, driven by small property sales, while medium and large house sales declined. Developers primarily used non-bank financing, while bank loans remained the main funding source for buyers.

    Data & statistics
  • 2025-05-06LatviaMinistry of Finance (Latvia)

    Latvia's Ministry of Finance updates Financial Sector Development Council on MONEYVAL review progress and planned FinTech growth targets

    Latvia's Ministry of Finance reported on the Financial Sector Development Council meeting, chaired by the Prime Minister, which reviewed Latvia’s progress in MONEYVAL’s sixth-round assessment and discussed strengthening financial sector security and transparency. The Council also focused on developing Latvia’s FinTech sector, with input from the Financial Intelligence Unit, FinTech Latvia Association, and Latvian Blockchain Association, highlighting public-private cooperation and strategic objectives like increasing FinTech firms and international visibility.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-06PortugalBank of Portugal

    Bank of Portugal publishes March 2025 banking rate statistics showing household term deposit rates at 1.69% and new housing lending at EUR 1.951bn

    The Bank of Portugal's March 2025 data shows a continued decline in average rates for new household term deposits to 1.69% and new housing lending to 3.11%. New housing loan contracts rose to EUR 1.951 billion, while new household lending totaled EUR 3.245 billion, with borrowers aged 35 or under making up 56% of new lending for owner-occupied residences. Corporate new lending volumes increased to EUR 2.355 billion, with the average rate falling to 4.06%.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-05-06GuernseyMinistry of Finance (Guernsey)

    Ministry of Finance (Guernsey) announces Guernsey hosted International Anti-Corruption Coordination Centres associate members meeting

    Guernsey hosted the International Anti-Corruption Coordination Centres Associate Members Annual Working Group Meeting for the first time outside London, the U.S., and Singapore. Opened by Deputy Rob Prow, the event focused on enhancing cross-jurisdiction cooperation in grand corruption investigations and financial intelligence sharing. Guernsey's Financial Intelligence Unit highlighted its role in mitigating money laundering and terrorist financing risks identified in the National Risk Assessment.

    Policy & regulationCooperationBribery and corruption
  • 2025-05-06United StatesConsumer Financial Protection Bureau

    United States' Consumer Financial Protection Bureau de-prioritises enforcement of Regulation Z guidance on Buy Now, Pay Later digital user accounts

    The Consumer Financial Protection Bureau (CFPB) announced it will de-prioritize enforcement of its Truth in Lending (Regulation Z) guidance concerning digital user accounts for Buy Now, Pay Later loans. The CFPB will redirect resources to address more pressing consumer threats, especially those affecting servicemen and veterans, and is considering rescinding the Buy Now, Pay Later guidance.

    SupervisionSupervision approach, priorities & toolkitBNPL
  • 2025-05-06AustraliaAustralian Financial Complaints Authority

    Australian Financial Complaints Authority updates EDR response guide for add-on insurance complaints with compliance expected from 19 May 2025

    The Australian Financial Complaints Authority (AFCA) released an updated External Dispute Resolution response guide for add-on insurance complaints, effective from 19 May 2025, to enhance complaint resolution efficiency. Firms are urged to align responses with the guide, even when disputing AFCA's jurisdiction.

    Policy & regulationGuidance & interpretationComplaints and dispute resolution
  • 2025-05-06Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission engages UAE regulators and Web3 firms to deepen cooperation on virtual asset regulation

    The Hong Kong Securities and Futures Commission (SFC) engaged with regulatory counterparts and Web3 industry participants in Abu Dhabi and Dubai to discuss virtual asset regulation, aligning with its ASPIRe roadmap. Meetings with the United Arab Emirates Securities and Commodities Authority focused on evolving regulatory approaches and the need for clarity. The SFC aims to enhance its overseas network and explore cross-border opportunities with Middle Eastern markets.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission and Hong Kong Stock Exchange launch Technology Enterprises Channel and allow confidential filing for specialist technology and biotech listings

    The Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited have launched the Technology Enterprises Channel (TECH) to assist Specialist Technology and Biotech Companies with Main Board listing applications, including a new confidential filing option. TECH offers early engagement and guidance on eligibility, suitability, and Listing Rule questions for Main Board Chapters 18C and 18A. The confidential filing option allows eligible companies to submit Application Proofs confidentially under Main Board Rule 2.04.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-05-06AustriaAustrian National Bank (OeNB)

    Austrian National Bank reports Austria posted a EUR 11.7 billion current account surplus in 2024 and record foreign financial assets

    The Austrian National Bank reported a 2024 current account surplus of EUR 11.7 billion (2.4% of GDP), driven by a higher net balance in goods trade and stable tourism earnings. Despite declines in both exports and imports, Austria's foreign financial assets reached a record EUR 1,190 billion. The OeNB noted potential impacts from U.S. tariff measures, which could reduce Austria’s real value added by up to 0.3%.

    Data & statisticsBalance of payments and other external statistics
  • 2025-05-06FranceBank of France

    Bank of France publishes CCSF report proposing 16 measures to improve customer understanding of AML CFT obligations

    The Bank of France released a report on customer perceptions of AML/CFT regulations, proposing 16 measures to improve understanding and acceptance. It emphasizes better communication, simplified know-your-customer processes, and digital identity use, noting challenges like frequent information requests and varying expectations, impacting professionals, humanitarian groups, politically exposed persons, and French citizens abroad.

    Policy & regulationGuidance & interpretationAML and CFTConsumer and investor protection
  • 2025-05-06KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Kazakhstan Agency for Regulation and Development of the Financial Market reports KZT 7.5 billion in automatic loan deferrals for conscripts and flags proposed lending ban

    The Agency for Regulation and Development of the Financial Market of Kazakhstan outlined protections for conscripted citizens, including automatic deferral of microcredit and bank loan payments during military service and 60 days post-demobilisation, with no interest or penalties. As of early 2025, 20,100 of 22,400 conscripted borrowers had loans deferred, totaling KZT 7.5 billion. Additionally, the Mazhilis approved a draft law prohibiting lending to servicemembers during compulsory military service.

    Policy & regulationRules & requirementsLending
  • 2025-05-06CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission notes initiation of dissolution and liquidation of The Three Tuns Capital RAIF

    The Cyprus Securities and Exchange Commission (CySEC) announced that MFO Asset Management Ltd has initiated the dissolution and liquidation of The Three Tuns Capital RAIF F.C.I.C. PLC. The fund will remain listed as "under liquidation" until the process is completed and necessary documents are submitted to CySEC.

    SupervisionAuthorisations & approvalsOther
  • 2025-05-06CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission and University of Cyprus launch financial education campaign after survey finds 22% invest based solely on online ads and influencers

    The Cyprus Securities and Exchange Commission and the University of Cyprus launched a campaign to highlight financial decision-making pitfalls using real accounts of losses. A survey showed 22% of investors relied solely on online ads or social media for decisions. Campaign materials target younger audiences via CySEC’s website and social media, offering financial tips and resources.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-06Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to phishing instant messages impersonating Industrial and Commercial Bank of China (Asia)

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing instant messages linked to Industrial and Commercial Bank of China (Asia) Limited. The HKMA emphasized that banks will not request sensitive information via SMS, email, or embedded hyperlinks. Individuals who have disclosed personal information are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-05-06Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority survey finds SME credit conditions steady with 75% seeing similar or easier bank approvals in Q1 2025

    The Hong Kong Monetary Authority's survey for Q1 2025 indicates stable credit conditions for SMEs, with 75% perceiving banks' credit approval stance as "similar" or "easier" than six months prior. Among SMEs with existing credit lines, 5% reported a "tighter" stance, up from 0% previously. Only 3% applied for new credit, with 79% of those applications being fully or partially successful.

    Data & statisticsEconomic data and developments
  • 2025-05-06United KingdomUK Parliament

    UK Parliament’s Business and Trade Committee convenes evidence session on UK economic security and investment screening

    The UK Parliament’s Business and Trade Committee is holding hearings on economic security, focusing on critical supply chains and the investment screening regime. The inquiry addresses threats like hostile state actions, cyber-attacks, and intelligence sharing with the private sector, linked to concerns over Chinese ownership of British Steel and high-impact cyber-attacks. Witnesses include experts from Global Counsel, Control Risks, Flint Global, and RAND Europe.

    Policy & regulationReform agendas & prioritiesGeopolitical risk
  • 2025-05-06GlobalBank for International Settlements

    Bank for International Settlements and South African Reserve Bank launch G20 TechSprint 2025 on trust and integrity in scalable and open finance

    The Bank for International Settlements and the South African Reserve Bank have launched the sixth G20 TechSprint, a global competition for technology solutions enhancing trust and integrity in scalable and open finance. The 2025 challenge focuses on digital identity solutions, credit data portability, and fraud mitigation for fast payment systems. Developers worldwide can participate, with winners receiving USD 30,000 per category.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechRegtech and suptech
  • 2025-05-06ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission reports record 4.6654 out of 5 score for the Victims of Motor Vehicle Accident Fund in Comptroller General’s revolving fund assessment

    The Thailand Office of Insurance Commission reported that the Victims of Motor Vehicle Accident Fund achieved a 4.6654 out of 5 score in the Comptroller General’s Department’s fiscal year 2567 performance assessment. This highest-ever score was attributed to the fund's strategic plan, enhanced technology use, and improved internal controls and risk management. Key management systems monitored included finance, objective delivery, risk management, information, and human resources management.

    SupervisionReviews, inspections & stress testsOther
  • 2025-05-06Middle EastUnion of Arab Securities Authorities

    Union of Arab Securities Authorities Board approves 2024 financial statements and 2025 programme and mandates publication of sukuk guidance and market studies

    The Union of Arab Securities Authorities (UASA) Board, in its 19th annual meeting hosted by the Algerian Securities Commission, approved the 2024 financial statements, budget forecast, and 2025 training plan, and agreed to publish a guideline on Islamic sukuk issuance and thematic studies after member feedback. Discussions emphasized cooperation on cybersecurity, fintech, and regulatory best practices, with progress reviewed on the 2021–2025 strategic plan, and plans to draft the 2026–2030 strategic plan.

    Policy & regulationGuidance & interpretationCyber resilienceFinancial inclusion
  • 2025-05-06Middle EastUnion of Arab Securities Authorities

    Union of Arab Securities Authorities approves 2024 annual report outlining sukuk guidance work and cross-border finance initiatives

    The Union of Arab Securities Authorities published its 19th annual report, detailing member activities in market regulation, enforcement, and financial technology, alongside guiding principles for Islamic sukuk issuance and cross-border financial activities. The report highlights a 12.1% increase in global market capitalisation to USD 124.7 trillion in 2024, while Arab market capitalisation decreased by 4.3% to USD 4.4 trillion, with the Saudi Stock Exchange comprising 61.4% of the total.

    Policy & regulationReform agendas & prioritiesActivity and performance reporting
  • 2025-05-06EuropeEuropean Central Bank

    European Central Bank publishes disaggregated Eurosystem financial statement as at 4 April 2025 with total assets of EUR 6,338,174 million

    The European Central Bank released the disaggregated financial statement of the Eurosystem as of 4 April 2025, revealing a consolidated balance sheet total of EUR 6,338,174 million. Key assets include EUR 4,390,681 million in euro-denominated securities and EUR 1,002,214 million in gold, while liabilities feature EUR 2,980,682 million related to monetary policy operations. The statement notes potential negative "capital and reserves" for national central banks due to accumulated losses.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance announces programme for the 12th National Financial Education Week

    The Brazilian Superintendence of Private Insurance (SUSEP) announced its agenda for the 12th National Financial Education Week, focusing on financial education for children and youth. As chair of the Brazilian Forum for Financial Education, SUSEP will lead events including an opening ceremony, discussions on inclusive insurance, and webinars on financial education challenges. Activities will feature collaborations with CNseg, FenSeg, FenaPrevi, and FenaCap, including sessions on insurance access and employee financial wellbeing.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance joins BRICS PPP and Infrastructure task force in Abu Dhabi and highlights insurance role in risk management

    The Brazilian Superintendence of Private Insurance (SUSEP) attended the BRICS Task Force meeting in Abu Dhabi, focusing on financing mechanisms and international cooperation for climate-resilient infrastructure. Discussions covered PPP project structuring, attracting private capital, hybrid financing, and insurance as a risk-management tool. The meeting also addressed new technologies, government coordination, and capital mobilisation, in preparation for COP30 in Belém.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance launches consultation on ESG and climate guidelines for rural insurance contracts

    The Brazilian Superintendence of Private Insurance (SUSEP) has issued a public consultation on a draft resolution by the National Council of Private Insurance (CNSP) to establish environmental, social, and climate-related guidelines for rural insurance. The proposal aims to align rural insurance rules with the Federal Government’s Ecological Transformation Plan and existing rural credit regulations. It includes mechanisms to expedite access to subsidies and claims while restricting insurance for properties not meeting ESG standards.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance amends insurance line tables adding a new road cargo carrier liability branch and updating life and rural run-off classifications

    The Brazilian Superintendence of Private Insurance (SUSEP) issued Resolution No. 51/2025, amending insurance groups and lines in Circular No. 682/2022, effective 1 July 2025. Key changes include new and renamed lines for transport and persons insurance, aligning with recent legal amendments and anticipated resolutions. The update also corrects rural run-off mapping and supports SUSEP's 2023/2024 Regulatory Plan initiatives.

    Policy & regulationRules & requirementsOther
  • 2025-05-06EuropeEuropean Central Bank

    European Central Bank publishes Digital Euro Rulebook Development Group outcome covering identification, fraud and implementation specifications

    The European Central Bank released results from the 21st meeting of the Digital Euro Scheme Rulebook Development Group, detailing progress on rulebook dossiers and implementation specifications. Key updates include a digital euro account number, environmental footprint requirements, draft fraud rules, and operational risk management. The ECB plans to present draft operational risk rules and review updated end-to-end flows in upcoming meetings.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-05-06South AfricaSouth African Reserve Bank

    South African Reserve Bank and Bank for International Settlements launch 2025 G20 TechSprint challenge on digital identity, credit data sharing and payment fraud

    Deputy Governor Mampho Modise of the South African Reserve Bank urged global innovators at the launch of the Bank for International Settlements’ 2025 G20 TechSprint to develop solutions for trust and integrity in open finance. The address emphasized balancing technological innovation with financial stability through TechSprints and innovation facilitators, highlighting regulatory clarity and supervised testing. It outlined three TechSprint challenges: digital identity solutions, secure credit data exchange, and fraud mitigation in fast payment systems.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-05-06BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission rejects WNT Gestora de Recursos settlement proposal in Light S.A. disclosure investigation

    The Brazil Securities Commission (CVM) board rejected a settlement proposal from WNT Gestora de Recursos Ltda in an enforcement proceeding, despite the Settlement Agreement Committee's recommendation. WNT had agreed to pay BRL 780,000, and the CVM's General Counsel found no legal barriers to the agreement. The case involved alleged disclosure failures about changes to Light S.A.'s administrative structure, potentially breaching CVM Resolution 44.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-05-06MalawiReserve Bank of Malawi

    Reserve Bank of Malawi publishes register of licensed and registered financial institutions operating as at 31 December 2024

    The Reserve Bank of Malawi has released the list of licensed financial institutions as of 31 December 2024, urging the public to transact only with those on the register. The list includes banks, capital markets, microfinance, insurance, and pension entities. The public is advised to report any transactions with unlisted entities to the Registrar of Financial Institutions.

    Policy & regulationGuidance & interpretationLicence approval
  • 2025-05-06MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia launches consultation on a proposed framework for tokenised capital market products

    Securities Commission Malaysia has issued a consultation paper on a proposed framework for tokenised capital market products using distributed ledger technology, separate from existing digital token frameworks. The proposal includes enhanced disclosure, governance, and technology risk management requirements to ensure compliance with securities laws. Feedback is sought from stakeholders, including issuers and technology providers, to support DLT use in capital markets while maintaining investor protection.

    Policy & regulationRules & requirementsTokenizationMarket infrastructure