Tanzania Capital Market and Securities Authority launches 2025 higher education capital markets challenge
The Tanzania Capital Market and Securities Authority launched the 2025 Capital Markets Universities and Higher Learning Institution Challenge.
-
-
Ontario Securities Commission releases research on rising AI references and shifting sentiment in S&P/TSX Composite issuers’ MD&A disclosures
The Ontario Securities Commission analyzed AI mentions in financial disclosures by Canadian listed issuers. The study, covering a decade of Management Discussion and Analysis filings from S&P/TSX Composite Index issuers, noted a significant rise in AI mentions and a shift to negative sentiment in 2024. Sentiment varied by sector, with Finance and Information sectors maintaining a more positive outlook compared to others.
-
Ontario Securities Commission issues investor warning on 11 firms not registered to deal or advise in Ontario
The Ontario Securities Commission has issued a warning about 11 companies not registered to deal or advise in securities in Ontario, including Easy Bit AI and BitProGain. The OSC advises investors to verify registration status through its resources like "Check Before You Invest."
-
European Central Bank working paper develops a non-parametric structural inflation model and finds euro area inflation reacts disproportionately to large energy shocks
The European Central Bank's Working Paper Series No 3052 introduces a Bayesian machine-learning structural inflation model capturing non-linear shock transmission. It shows euro area inflation reacts disproportionately to large shocks, especially energy shocks, suggesting differentiated monetary policy may be needed. The model improves forecast accuracy over a linear Bayesian VAR benchmark, particularly for longer horizons and higher-inflation scenarios.
-
Taskforce on Nature-related Financial Disclosures releases Asking Better Questions on Nature guide for board directors
The Taskforce on Nature-related Financial Disclosures (TNFD) released its first "Asking Better Questions on Nature" guide to aid board directors in integrating nature-related considerations into governance and strategy. The guide, developed with several partners, outlines 12 key questions for management and highlights analysis expectations for board discussions. TNFD plans further guides for different audiences over the next year.
-
International Swaps and Derivatives Association publishes April 2025 roundup of new research and policy materials
The International Swaps and Derivatives Association (ISDA) released "ISDA in Review – April 2025," compiling links to its documents, research papers, press releases, and comment letters from April 2025.
-
Financial Transactions and Reports Analysis Centre of Canada imposes CAD 36,360 penalty on Immeubles Village Pointe-Claire for AML compliance failures
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 36,360 penalty on Immeubles Village Pointe-Claire Inc. for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate policies, procedures, and training, as well as deficiencies in recordkeeping for customer and entity identity verification. The penalty has been paid, concluding the proceedings.
-
Sweden's Financial Supervisory Authority begins quarterly publication of median fund fees after survey finds many investors unaware of charges
The Swedish Financial Supervisory Authority's survey found about half of Swedish fund savers unaware of their fund fees. To aid comparison, the authority will publish quarterly median fees for popular fund categories, with Q1 2025 showing median fees of 1.30% for actively managed Sweden and global funds, and 0.25% and 0.35% for Sweden and global index funds, respectively. The survey, conducted with Origo Group, also revealed few investors regularly compare fund fees.
-
Financial Planning Standards Board research finds widespread AI adoption in financial planning alongside privacy and reliability concerns
The Financial Planning Standards Board published research indicating that two-thirds of surveyed financial planners are using or plan to adopt artificial intelligence (AI) within 12 months, with 78% expecting AI to enhance client service. The study highlights AI's role in client communications, data collection, and risk profiling, while noting concerns about data privacy, cybersecurity, and the need for professional development in data skills.
-
U.S. House Committee on Financial Services chair calls for action on digital asset regulation after objection to joint hearing
U.S. House Financial Services Chairman French Hill addressed Ranking Member Maxine Waters' objection to a joint subcommittee hearing on digital assets, urging Congress to advance a regulatory framework. Hill emphasized the need for safeguards and regulatory certainty to protect consumers and foster innovation, warning against regulatory limbo. He affirmed ongoing bipartisan efforts to establish a lasting framework for U.S. digital asset leadership.
-
U.S. House Financial Services Committee and House Agriculture Committee convene joint roundtable on SEC and CFTC roles and digital asset classification
The U.S. House Financial Services and Agriculture Committees held a joint roundtable on digital assets to evaluate the regulatory roles of the SEC and CFTC. Led by Digital Asset Subcommittee Chairmen Bryan Steil and Dusty Johnson, the discussion emphasized the need for comprehensive legislation to address regulatory gaps and reduce uncertainty, focusing on asset classification, agency jurisdiction, reducing regulatory fragmentation, and establishing sector guardrails.
-
Egypt Financial Regulatory Authority warns against unlicensed public fundraising and share subscription promotions
The Egypt Financial Regulatory Authority (FRA) issued guidance on its supervisory remit, warning against unlicensed entities soliciting public funds with promises of "guaranteed" returns. Only registered joint-stock companies can legally receive public funds for investment. The FRA highlighted legal risks associated with unlicensed offerings, cryptocurrencies, and unauthorized public share promotions. The public is advised to verify entities via the FRA's online register and report suspicious activities through its whistleblowing channel.
-
Egypt Financial Regulatory Authority confirms only three licensed gold investment funds and warns against misleading claims of licensing for direct gold sales
The Egypt Financial Regulatory Authority (FRA) clarified its regulatory perimeter for gold investments, approving only three public gold-focused funds and emphasizing it does not license gold traders for direct sales to citizens. The FRA outlined requirements for fund documentation, eligible metals, and investment managers, reporting that 200,000 investors hold EGP 2.1bn through authorized funds. It warned against misleading promotions suggesting FRA licensing for direct gold purchases and urged verification of authorizations.
-
Egypt Financial Regulatory Authority warns against unlicensed fundraising and securities solicitations and will publish a negative list of unauthorised providers
The Egypt Financial Regulatory Authority (FRA) warned against engaging with unlicensed entities soliciting investments, securities subscriptions, or financing, highlighting legal risks and penalties. The FRA emphasized compliance with the Capital Market Law and noted penalties for unlicensed crypto activities. It also announced an updated website section listing licensed providers and plans to publish a "negative list" of unlicensed entities.
-
Central Bank of Chile publishes price-setting and inflation expectations survey with 12-month median at 4% and 24-month median down to 3.7%
The Central Bank of Chile released the Survey of Price Determinants and Expectations, indicating firms' inflation expectations at 4% over 12 months and 3.7% over 24 months. Firms reported a slight easing in cost increases, with sales and profit margins remaining stable. The influence of the USD exchange rate on prices has decreased, and input costs and availability impacts have lessened compared to previous quarters.
-
Payments Canada publishes 2025 SUMMIT Day One highlights with focus on fraud, payment legislation and Real-Time Rail progress
Payments Canada recapped Day One of The 2025 Payments Canada SUMMIT, highlighting discussions on payments innovation and modernization. Key sessions included insights from Interac Corp. on trust and inclusion, a panel on real-time payment fraud, and an Idea Exchange on modern payment legislation. Upcoming sessions will address scams, economic crime, global payments standards, and the Real-Time Rail program.
-
State Bank of Vietnam publishes expert interview on Basel III and IFRS 9 implementation and bank capital needs
The State Bank of Vietnam published an interview with Peter Verhoeven of Anax Invest on implementing Basel III and IFRS 9 in Vietnamese banks. Verhoeven emphasizes stronger balance sheets, governance, and oversight, highlighting shareholder contributions, foreign investment, and tighter controls as key to capital resilience. He notes IFRS 9 requires forward-looking provisioning and that the transition may temporarily impact credit growth.
-
State Bank of Vietnam appoints Dang Dinh Thich as acting General Director of Vietnam Asset Management Company
The State Bank of Vietnam appointed Dang Dinh Thich as acting General Director of Vietnam Asset Management Company (VAMC) at a ceremony led by Deputy Governor Pham Tien Dung. The Deputy Governor emphasized expectations for VAMC's transparent operations and stable financial resource development. Dang Dinh Thich committed to achieving the objectives set by the Governor, acknowledging the contributions of Doan Van Thang, the outgoing General Director.
-
State Bank of Vietnam publishes forum takeaways including calls for bank M&A and a review of foreign ownership limits
The State Bank of Vietnam's report emphasized the need for banks to enhance innovation, customer experience, and technology adoption to compete globally. Professor John Quelch suggested mergers and easing foreign investment ratios for international expansion. Peter Verhoeven advocated for stronger supervision, adoption of international standards, and improved data oversight to maintain service quality.
-
State Bank of Vietnam’s Banking Times appoints John Quelch and Peter Verhoeven to Banking Journal high-level advisory council
The State Bank of Vietnam appointed Professor John Quelch and financial executive Peter Verhoeven to the High-level Advisory Council of Banking Journal to modernize and enhance the publication. This aligns with Deputy Governor Pham Thanh Ha’s directives to improve press quality following organizational changes. The advisers will support the relaunch of the Vietnamese edition and introduce an English-language version.
-
State Bank of Vietnam issues banking-sector plan to roll out the Digital Literacy Movement
The State Bank of Vietnam has released a banking-sector implementation plan for the Central Steering Committee’s Plan 01, focusing on science, technology, innovation, and digital transformation. The plan emphasizes the "Digital Literacy Movement" and assigns responsibilities to various banking entities to enhance digital skills and safety.
-
State Bank of Vietnam sets out bank-branding and competitiveness priorities and cites 13 Vietnamese banks in Brand Finance global top 500
The State Bank of Vietnam's report from a Hanoi forum emphasized the banking sector's role in competitiveness, digital transformation, and international integration. Deputy Governor Pham Thanh Ha outlined a strategy to elevate 2–3 Vietnamese banks into Asia's top 100 by brand by 2025, focusing on financial capacity, governance, transparency, and innovation. Experts recommended mergers, relaxed foreign ownership limits, and adherence to international standards like Basel III to boost global competitiveness.
-
State Bank of Vietnam participates in ASEAN+3 meeting that approves revised Chiang Mai Initiative with rapid financing and freely usable currencies
Deputy Governor Doan Thai Son attended the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in Milan, where amendments to the Chiang Mai Initiative Multilateralisation (CMIM) were approved, including a Rapid Financing Facility and freely usable currencies. Discussions covered transitioning CMIM to a paid-in capital model, with a technical working group analyzing governance and operations. The Milan 2025 Joint Statement emphasized local-currency bond markets, disaster risk insurance, and a digital bond platform.
-
Moldova's National Commission for Financial Markets publishes 2024 capital market indicators showing primary market contraction and bond issuance rising to MDL 569.9 million
Moldova's National Commission for Financial Markets reported a decline in 2024 capital market activity, with a significant drop in primary market issuance, despite a strong rise in corporate and municipal bond issuance. Total securities issues amounted to MDL 674.71 million, with bonds making up MDL 569.9 million, more than double the 2023 level. The Commission noted market stagnation but highlighted increased debt issuance as a positive sign for potential development.
-
Tanzania Capital Markets and Securities Authority launches 2025 university challenge with prizes up to TZS 1.8 million
The Tanzania Capital Markets and Securities Authority has launched its 2025 university challenge to build capital markets literacy and investor participation among undergraduates in Tanzania Mainland and Zanzibar. Running from May 2 to Aug. 31, 2025, the program includes quiz and essay competitions, institutional awards and individual prizes of up to TZS 1.8 million. The top 80 winners must invest at least 33% of their awards in capital markets portfolios.
-
Hellenic Capital Market Commission approves QUALCO GROUP prospectus for public offering and Athens Stock Exchange listing
The Hellenic Capital Market Commission approved QUALCO GROUP S.A.'s prospectus for a public offering and listing on the Athens Stock Exchange. The offering includes newly issued and existing dematerialized, common, registered voting shares, with pre-emption rights for existing shareholders abolished.
-
U.S. Securities & Exchange Commission urges review of Regulation A including Tier 2 resale preemption and at-the-market offerings
U.S. SEC Chair Paul S. Atkins stressed expanding capital-raising for entrepreneurs and smaller companies, focusing on Regulation A. Despite its potential, Regulation A's usage has declined, prompting discussions on federal preemption and at-the-market offerings. Atkins urged the Small Business Capital Formation Advisory Committee to propose amendments to enhance Regulation A's viability, including for crypto asset securities, while minimizing compliance costs.
-
Argentina Securities Commission marks first on-exchange negotiation of product-linked promissory notes on MAV
The Argentina Securities Commission (CNV) announced the first negotiation of "pagaré producto" promissory notes on Mercado Argentino de Valores S.A. (MAV), following CNV General Resolution No. 1046. These notes, linked to commodities or financial rates, aim to enhance credit and financing options for the productive sector. Initial transactions were tied to soybeans, the Badlar rate, and the Tamar rate.
-
National Bank of Moldova announces New Technology for Old Markets conference and opens call for research papers
The National Bank of Moldova will host a hybrid conference in Chișinău titled “New Technology for Old Markets” to explore the impact of emerging technologies like AI and distributed ledger technology on traditional financial markets in Eastern Europe. Organized with the National Bank of Romania and the Bank of France, the event will feature keynote sessions, policy panels, and research presentations on AI for market surveillance, DLT-based infrastructure, and digital banking transformation.
-
Central Bank of the Argentine Republic receives USD 12 billion as the Ministry of Economy cancels non-transferable bills held by the BCRA
Argentina's Ministry of Economy has cancelled non-transferable bills on the Central Bank of Argentina's balance sheet, providing the bank with USD 12 billion in cash. The cancellation affects bills maturing in 2025, 2026, and partially in 2029. The Central Bank of Argentina linked these liquid resources to a new agreement with the International Monetary Fund, enhancing its balance sheet.
-
Bank for International Settlements Innovation Hub and South African Reserve Bank launch sixth G20 TechSprint on trust and integrity in scalable and open finance
The Bank for International Settlements Innovation Hub and the South African Reserve Bank have launched the sixth G20 TechSprint, seeking global technology solutions to enhance trust and integrity in scalable and open finance. The competition focuses on digital identity, credit data portability, and fraud mitigation, with winners receiving USD 30,000 and submissions closing on 20 June 2025.
-
Central Bank of Taiwan reports foreign exchange reserves rose to USD 582.83 billion at end-April 2025
The Central Bank of Taiwan reported foreign exchange reserves of USD 582.83 billion at the end of April 2025, an increase of USD 4.81 billion from the previous month. This rise was due to reserve management returns, exchange rate movements, and central bank interventions. Foreign portfolio investments in securities and New Taiwan dollar deposits amounted to USD 721.9 billion, representing 124% of the reserves.
-
South Korea's Ministry of Economy and Finance signs MoU for ADB AI center in Korea and backs critical minerals supply chain initiative
South Korea’s Ministry of Economy and Finance highlighted Deputy Prime Minister Gu Yun-cheol’s participation in ASEAN+3 and Asian Development Bank meetings, where he set priorities on supply chain stability, the green transition and AI adoption. A key outcome was an MoU with the ADB to establish the Center for AI Innovation and Development in Korea, supported through Korea’s trust fund to apply AI in ADB projects and assist developing countries. Gu also discussed regional energy diversification, ASEAN+3 co-chairing, Korean government bonds’ inclusion in the World Government Bond Index, and a KRW 26.2 trillion supplementary budget funded by excess tax revenue to support vulnerable groups.
-
European Insurance and Occupational Pensions Authority publishes end-April 2025 risk-free interest rate term structures for Solvency II technical provisions
The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on risk-free interest rate term structures as of April 2025, for use in calculating technical provisions under the Solvency II Directive. The data is based on the RFR Technical Documentation and is available on EIOPA's website.
-
European Insurance and Occupational Pensions Authority publishes end-April 2025 symmetric adjustment for the Solvency II equity capital charge
The European Insurance and Occupational Pensions Authority (EIOPA) released the technical information for the symmetric adjustment to the Solvency II equity capital charge as of April 2025. This update is governed by Article 106 of Directive 2009/138/EC, Article 172 of the Solvency II Delegated Regulation, and EIOPA’s final report on implementing technical standards.
-
Dubai International Financial Centre welcomes Manulife’s Dubai office launch under a Category 4 licence for high-net-worth life insurance
Dubai International Financial Centre announced Manulife's new office in DIFC, marking it as the first international high-net-worth insurer with a Category 4 licence for life insurance contracts. The office will cater to high-net-worth clients in the Middle East and connect with wealth managers and family offices. As of end-2024, DIFC hosted 125 insurance and reinsurance-related companies, including insurers, reinsurers, brokers, and related professional services firms.
-
UAE Cabinet approves Islamic finance and halal industry strategy targeting AED2.56 trillion in Islamic bank assets and AED660 billion in sukuk by 2031
The UAE Cabinet approved the UAE Strategy for Islamic Finance and Halal Industry, aiming to develop the Islamic financial sector and position the UAE as a global hub. Targets include increasing Islamic bank assets to AED 2.56 trillion and raising sukuk issuances to AED 660 billion by 2031. Implementation will be overseen by a committee chaired by the Central Bank governor.
-
Belgium Financial Services and Markets Authority publishes Q4 2024 dashboard on Belgian public open-ended investment funds
The Belgium Financial Services and Markets Authority released its quarterly dashboard on Belgian public open-ended investment funds, detailing developments from Q4 2024.
-
Central Bank of Montenegro starts IMF technical mission to stress test its balance sheet
The Central Bank of Montenegro (CBCG) is using IMF technical assistance to enhance its balance sheet stress testing. This includes developing advanced models for projections, revenue and expenditure analysis, and assessing SEPA and a national TIPS-based instant payment system. This supports Montenegro's EU accession and alignment with European standards.
-
Bank of Israel reports shekel weakened 2% against the US dollar and 6% against the euro as FX volatility declined in the first quarter of 2025
The Bank of Israel's quarterly update reveals the shekel weakened by 2% against the US dollar and 6% against the euro in Q1 2025, with a 3.7% decline in nominal effective terms. Shekel-dollar volatility decreased, institutional investors and the financial sector increased USD purchases, while nonresidents and the business sector sold USD, amid a 0.6% rise in average daily trading volume to USD 13.3 billion.
-
Reserve Bank of New Zealand flags financial stability risks from rapid AI adoption in financial services
The Reserve Bank of New Zealand's May 2025 Financial Stability Report examines the impact of artificial intelligence adoption in financial services, noting efficiency gains and new vulnerabilities. Regulated entities must manage AI-related risks, while regulatory frameworks need to adapt to technological changes.
-
Australian Securities & Investments Commission launches new portal for Australian financial services licence applications
The Australian Securities & Investments Commission (ASIC) has introduced a digital portal for Australian financial services (AFS) licence applications to streamline processes. Starting 5 May 2025, applicants can apply for an AFS licence via the portal, with more functionalities coming soon. The current eLicensing system remains until all features are available. The application interface is redesigned for better usability, with updated guidance to follow.
-
Angola Capital Markets Commission signs cooperation protocol with State Intelligence and Security Service on information sharing for AML/CFT and proliferation financing
The Angola Capital Markets Commission has signed a cooperation protocol with the State Intelligence and Security Service to enhance information sharing and combat money laundering, terrorist financing, and the financing of weapons proliferation. The agreement aims to bolster investor protection and the integrity of Angola’s financial system by mitigating financial risks and promoting market efficiency.
-
Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru and Central Reserve Bank of Peru sign two cooperation agreements on payments and open finance
The Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru and the Central Reserve Bank of Peru have signed two cooperation agreements to strengthen coordination and support the development of Peru’s payment system and open finance. The first establishes a permanent interinstitutional cooperation and information-sharing framework, while the second aligns regulatory and supervisory efforts on open finance and payment initiation, supported by a joint working group.
-
Mauritius Financial Services Commission consults on amended captive insurance rules and new captive insurance return templates with feedback due 19 May 2025
The Mauritius Financial Services Commission has initiated a public consultation on proposed amendments to the Captive Insurance (Captive Insurance Business) Rules, including new templates for regulatory returns. The draft templates address various captive insurance business classes, and revisions may occur based on consultation feedback.
-
Ukraine National Commission on Securities and Stock Market updates Freedom Finance clients on May steps to approve asset lists and return assets
The Ukraine National Commission on Securities and Stock Market (NSSMC) held an online meeting with Freedom Finance clients to discuss progress in resolving the case and returning client assets. The NSSMC plans to complete the second and third stages in May, including forming and approving the list of client assets and actions for asset return. A revised draft procedure for compiling the list of assets in sanctioned institutions awaits approval by the Security Service of Ukraine.
-
Ukraine National Commission on Securities and Stock Market secures Supreme Court confirmation that centralized commodity exchange trading requires a licence
The Ukraine National Commission on Securities and Stock Market announced that the Supreme Court upheld its actions against Universal Commodity Exchange “UICE” Contract House for operating without a licence. The court confirmed licensing obligations for all centralized bidding activities and emphasized compliance with legal requirements. The Commission advised market participants to review licensing conditions and highlighted non-compliance risks.
-
Nigeria's Ministry of Finance tasks Economic Management Team to deliver new growth roadmap targeting 7% medium-term GDP growth
Nigeria's Economic Management Team, led by Minister Wale Edun, outlined priorities for rapid, sustained, and inclusive growth, targeting 7% medium-term growth. Key developments include macroeconomic stabilisation, improved fiscal revenues, and a sovereign credit rating upgrade. The Central Bank of Nigeria's transparent exchange rate regime and rising foreign reserves were credited with restoring external sector confidence.
-
Insurance Supervision Institute of Mozambique presents 2020 insurance activity report showing 15.9% market growth
The Insurance Supervision Institute of Mozambique reported a 15.9% growth in the insurance sector's production for 2020, driven by increased gross written premiums in life and non-life segments. Despite Covid-19 disruptions affecting premium and claims volumes, net profit rose to MZN 2,839.2 million from MZN 1,575.7 million in 2019. Supplementary pension fund contributions increased by 20.1%, although financial performance declined by 47%.
-
Insurance Supervision Institute of Mozambique reviews 2021 performance and presents its 2022 activity plan
The Insurance Supervision Institute of Mozambique held its annual meeting in Marracuene to review its 2021 activities and discuss the 2022 plan. ISSM Board Chair Otília Santos emphasized the need for improved communication and stronger staff commitment to meet institutional targets.
-
Insurance Supervision Institute of Mozambique presents on insurance and guarantees at Maputo’s first International MSME Fair
The Insurance Supervision Institute of Mozambique participated in the International Fair for Micro, Small and Medium Enterprises in Maputo, highlighting the role of insurance and guarantees for MSMEs. Rui Tsevete, Director of Legal Affairs, discussed the Institute's mandate, the legal regime for insurance contracts, and key product types. Contributions from industry experts emphasized the benefits of insurance in asset and investment protection.
-
Insurance Supervision Institute of Mozambique launches World Bank supported AML/CFT workshop series for insurers and mandatory pension funds
The Insurance Supervision Institute of Mozambique, with the World Bank, launched a workshop and training for the insurance sector and mandatory pension funds to address Financial Action Task Force recommendations. This initiative, under increased monitoring by the Eastern and Southern Africa Anti-Money Laundering Group, clarifies obligations under Law No. 10/2022 on anti-money laundering and counter-terrorist financing. The programme will extend to central and southern regions, including Sofala and Maputo.
-
Insurance Supervision Institute of Mozambique delivers insurance education sessions for over 700 students during Global Money Week in Inhambane
The Insurance Supervision Institute of Mozambique participated in Global Money Week, conducting insurance-focused talks and activities for over 700 secondary school students in Inhambane province. The program, themed “Plan your Money, plant your Future,” included sessions on insurance basics and its role in managing future risks. This marks the Institute's fifth participation, aligning with Mozambique’s National Financial Inclusion Strategy.
-
Insurance Supervision Institute of Mozambique holds ninth EFISE insurance capacity-building session in Chimoio
The Insurance Supervision Institute of Mozambique held its ninth capacity-building session in Chimoio, focusing on consumer protection and public education under the Insurance Financial Education Strategy. Part of the National Financial Inclusion Strategy, the event highlighted disaster and climate-risk insurance and the Ministry of Economy and Finance's sovereign insurance plan. Participants urged better supervision of money laundering and terrorist financing in the insurance sector.
-
Insurance Supervision Institute of Mozambique runs seventh EFISE insurance training and outreach programme in Inhambane
The Insurance Supervision Institute of Mozambique (ISSM) held its seventh insurance capacity-building session in Inhambane province, focusing on natural disaster risk coverage and investment protection. ISSM addressed challenges like expanding insurance operators nationwide and enhancing inclusivity with products for low-income populations. The event included training on compulsory motor third-party liability insurance and featured an insurance-themed theatre piece and plans for awareness songs under the "Aposte no Seguro" project.
-
Insurance Supervision Institute of Mozambique appoints Ester dos Santos José as board chair and sets priorities on life and microinsurance, climate risk rules and supervisory modernisation
The Insurance Supervision Institute of Mozambique appointed Ester dos Santos José as President of its Board of Directors, succeeding Maria Otília Monjane Santos. The Prime Minister tasked her with promoting growth in life and microinsurance, updating legislation for current market risks, and modernising systems and controls. Dos Santos José plans to adopt the Banking Supervision Application to enhance information organisation and statistics.
-
Insurance Supervision Institute of Mozambique highlights cooperation protocol to strengthen AML CFT information sharing and insurance sector capability
The Insurance Supervision Institute of Mozambique announced a cooperation protocol to enhance information exchange and investigations in the insurance sector, supporting AML/CFT reforms. This initiative addresses areas for improvement identified by ESAAMLG and assists Mozambique in exiting the FATF list of jurisdictions under increased monitoring. The protocol also introduces new AML/CFT concepts through technical training and regulatory application.
-
Securities and Exchange Commission of Pakistan issues licensing compliance checklists for REIT management companies and Section 42 not for profits and expands grievance channels
The Securities and Exchange Commission of Pakistan has issued new compliance checklists for Real Estate Investment Trust Management Companies and Section 42 companies under the Companies Act, 2017. These checklists streamline licensing and compliance by outlining procedural and documentation requirements, aiming to reduce incomplete submissions and processing times. Additionally, SECP has enhanced grievance redressal channels with a dedicated helpline and a 24/7 online complaints portal.
-
National Bank of the Republic of North Macedonia hosts Czech National Bank experts on macroprudential buffers and systemic stability indicators
The National Bank of the Republic of North Macedonia hosted Czech National Bank experts to discuss macroprudential policy instruments under the Western Balkans central bank capacity-building programme. Topics included capital buffers for systemically important banks, systemic risk, and credit exposure quality measures. The programme, coordinated by the Deutsche Bundesbank, is funded by the EU's Instrument for Pre-accession Assistance with EUR 3 million.
-
People's Bank of China co-chairs ASEAN+3 agreement to create a renminbi-funded rapid financing tool under the Chiang Mai Initiative Multilateralisation
The People's Bank of China reported that Governor Pan Gongsheng co-chaired the ASEAN+3 finance ministers and central bank governors’ meeting in Milan, agreeing to establish a new rapid financing tool under the Chiang Mai Initiative Multilateralisation (CMIM). Discussions included US tariff policy impacts and enhancing CMIM and the ASEAN+3 Macroeconomic Research Office, with consensus on deepening intra-regional policy coordination. China, Japan, and Korea also held a trilateral meeting, and Pan engaged in bilateral talks with key regional counterparts.
-
Portuguese Insurance Regulator publishes results of its second national health insurance survey
The Portuguese Insurance Regulator (ASF) released an information note and results from its second national survey on health insurance. The survey examines consumption trends, satisfaction levels, and changes in access to medical care in Portugal.
-
Financial Industry Regulatory Authority clarifies proposed outside-activity rule would cut reporting burdens and exclude personal investments
The Financial Industry Regulatory Authority clarified its proposed amendments to broker-dealer associated persons’ outside activities, emphasizing that the changes streamline existing obligations without new reporting or approval requirements. The proposal focuses on higher-risk investment-related activities while excluding personal activities and certain securities transactions. It also considers reducing obligations for unaffiliated investment adviser activities.
-
Sweden's Riksbank appoints Hilkka Nyberg as Head of the Internal Audit Department
The Executive Board of Sweden's Riksbank has appointed Hilkka Nyberg as Head of the Internal Audit Department, effective 8 May. Nyberg, who has been acting head since November 2024, brings experience from PwC, Telia, ICA Gruppen, and Grant Thornton Sweden.
-
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan cites 2024 insurance assets of KZT 3.2 trillion and outlines new compulsory and digital measures
At a press conference, the Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 25% rise in insurers' assets to KZT 3.2 trillion in 2024, with premiums up 51% and claims payments up 22%. Key developments include the "Keleshek" system, mandatory professional liability insurance for medical workers, and the digital insurance product "Europrotocol". The Agency also announced plans for mandatory pre-trial dispute resolution via the insurance ombudsman and potential expansion of the Guarantee Fund's coverage.
-
Kazakhstan's Agency for Regulation and Development of the Financial Market approves four senior executive appointments in the insurance sector
Kazakhstan's Agency for Regulation and Development of the Financial Market has approved four senior appointments in the insurance market, including Duysebaev T.M., Kapyshev B.T., Karpykova A.S., and Tugelbasov B.D., covering executive functions and IT oversight. Managers with existing consent can transfer within the sector without additional approval, per Kazakhstan’s Law on Insurance Activity.
-
Indonesia’s Ministry of Finance highlights ASEAN+3 discussions on accelerating the Chiang Mai Initiative and strengthening the regional financial safety net
Indonesia’s Ministry of Finance reported on the ASEAN+3 Finance Ministers and Central Bank Governors’ Meeting in Milan, focusing on global economic outlook and regional collaboration. Finance Minister Sri Mulyani Indrawati emphasized ASEAN+3's role in easing tensions and enhancing certainty, advocating for progress on the Chiang Mai Initiative and regional financial safety net. She reaffirmed Indonesia's commitment to ASEAN+3 welfare and cooperation with the U.S. and multilateral institutions.
-
Qatar Central Bank Governor meets Chernin Group, Liberty Capital and Oaktree executives at Milken Institute Global Conference
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with key investment figures at the 2025 Milken Institute Global Conference to discuss global finance and investment developments.
-
Jordan Securities Commission discusses implementing cooperation memorandum with King Abdullah II Center for Excellence
The Jordan Securities Commission and the King Abdullah II Center for Excellence discussed activating their memorandum of understanding to enhance cooperation in development and training, aligning with international best practices in government administration. The Center expressed readiness to support the agreement's implementation and intensify training and awareness activities.
-
European Central Bank establishes digital euro innovation platform with around 70 market participants
The European Central Bank has launched an innovation platform for the digital euro project, engaging nearly 70 market participants to test payment functionalities and explore new use cases. The initiative is divided into "pioneers" focusing on technical implementation and "visionaries" researching societal applications like digital financial inclusion. Findings from both workstreams will be consolidated in a report later this year.
-
Central Bank of Liberia releases 2025-2029 strategic plan with inflation targeting shift and USD 43.86 million funding gap
The Central Bank of Liberia has released its 2025-2029 strategic plan, built around five pillars and 55 initiatives covering inflation control, de-dollarization, financial sector oversight, payments modernization and operational reform. The plan targets inflation of 5 percent plus or minus 2 percent and a 70 percent financial inclusion rate by 2029, while raising the Liberian dollar share of broad money to 50 percent. Full implementation is estimated at USD 63.32 million, with a USD 43.86 million funding gap.
-
Central Bank of Curaçao and Sint Maarten and Kadaster Sint Maarten launch online Property Price Index dashboard
The Central Bank of Curaçao and Sint Maarten, in collaboration with Kadaster Sint Maarten, has launched an online Property Price Index dashboard to monitor real estate price trends in Sint Maarten. This tool aims to aid decision-making and assess financial stability impacts, as mortgages account for 64.4% of local loans. A similar dashboard for Curaçao is planned.
-
Norway's Norges Bank flags higher geopolitical and concentration risk for the Government Pension Fund Global and will submit strategy analysis in autumn
Norges Bank Governor Ida Wolden Bache told Parliament that the Government Pension Fund Global faces a riskier environment and that recent strong returns should not be assumed to continue, as the Ministry of Finance reviews the fund’s strategy with a focus on bond investments, geopolitical risk and equity concentration. She highlighted plans to strengthen due diligence and accelerate responses to material country risk changes, work on responsible AI use, operational resilience and real estate strategy, and higher ambition for unlisted renewable energy infrastructure. A government-appointed committee is reviewing the fund’s ethical framework after debate over investments linked to Israel’s occupation of Palestinian territories and the war in Gaza, while Norges Bank continues to target the highest possible responsible return.
-
Vietnam State Securities Commission confirms successful go-live of the KRX integrated securities market IT system
The Vietnam State Securities Commission announced the launch of the KRX information technology system for Vietnam's securities market, providing an integrated platform across the market. The system went live on 5 May 2025, with stable connectivity reported on the first trading day. Ongoing monitoring will support the rollout of new products and market upgrades.
-
Vietnam State Securities Commission requires VND 1 million fee payment to finalise securities practising certificate issuance
The Vietnam State Securities Commission issued Notice No. 35/TB-UBCK mandating individuals on a specified list to pay a VND 1,000,000 licensing fee for a securities practising certificate, as per the Ministry of Finance’s Circular No. 25/2022/TT-BTC. Payments can be made via bank transfer to VietinBank or Vietcombank, or directly at the Commission. Failure to complete the certification process within one year will result in certificate cancellation.
-
Vietnam State Securities Commission opens applications for round 2 2025 securities practising certificate exams in Hanoi
The Vietnam State Securities Commission’s Scientific Research and Securities Training Centre is accepting applications for the round 2 2025 qualifying exams for securities practising certificates in Hanoi. The exams cover securities brokerage, financial analysis, and fund management.
-
Brazil Securities Commission publishes annual circular to independent auditors with Infoaudi system guidance and audit documentation focus
The Brazil Securities Commission (CVM) issued its annual technical circular to independent auditors, highlighting priorities for maintaining registration and applying audit standards. Updates include guidance on using Infoaudi, the new Auditor Registration system, and reinforced supervisory expectations on audit execution and documentation. The circular addresses CVM Resolutions 23 and 193, digital protocols, and issues identified by the International Forum of Independent Audit Regulators.
-
Monetary Authority of Singapore publishes ASEAN+3 statement approving amended CMIM Agreement with a new Rapid Financing Facility
The Monetary Authority of Singapore released the joint statement from the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, highlighting priorities for regional financial cooperation and key upgrades to the Chiang Mai Initiative Multilateralisation (CMIM). The amended CMIM Agreement introduces a Rapid Financing Facility for emergency financing and advances work towards a paid-in capital structure. Additional initiatives include the ASEAN+3 Fiscal Policy Exchange, a Disaster Risk Financing Initiative roadmap, and a Digital Bond Market Forum.
-
Singapore’s Securities Industry Council launches consultation on Singapore Code changes covering deal protection, schemes timetable and takeover disclosure
The Securities Industry Council of Singapore has released a consultation paper proposing amendments to the Singapore Code on Take-overs and Mergers to enhance regulation, expedite schemes of arrangement, and improve disclosures. Key proposals include limiting deal protection measures, requiring prompt action post-shareholder approval for schemes, and setting a 28-day deadline for potential offerors to clarify intentions. Additional rules aim to prevent false markets and mandate independent advice for frustrating actions.
-
Kazakhstan's Astana Financial Services Authority sets out its 2025 agenda for regulatory reviews across securitisation, capital markets, digital assets and crowdfunding
The Astana Financial Services Authority (AFSA) has outlined its 2025 plan to enhance its regulatory framework, focusing on securitisation, capital markets, digital assets, and crowdfunding. Initiatives include revising securitisation rules, enhancing digital asset frameworks, and strengthening crowdfunding investor protections. Public consultations are anticipated in mid-2025, with further developments expected in fund management, Islamic finance, and insurance.
-
Philippines Insurance Commission places Caritas Financial Plans under liquidation and sets 16 September 2025 claims deadline
The Philippines Insurance Commission has placed Caritas Financial Plans, Inc. under liquidation effective 05 May 2025, appointing Atty. Jose A. Barcelon as liquidator. Planholders must verify their names via CFPI’s portal, with claims due by 16 September 2025. The Commission clarified CFPI's distinct status from Caritas Health Shield, Inc. and Caritas Life Insurance Corporation.
-
Central Bank of Paraguay securities supervisor delivers AML and CFT training for securities market obligated entities
The Central Bank of Paraguay said its Superintendence of Securities, together with the anti-money laundering authority, held training for securities market obligated entities on preventing money laundering and terrorist financing. The session focused on transactional profiling, transaction monitoring, suspicious transaction reports and risk-based methods for identifying unusual activity.
-
Bank Negara Malaysia publishes ASEAN+3 joint statement approving amended CMIM Agreement introducing a Rapid Financing Facility
Bank Negara Malaysia released the joint statement from the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, outlining a 2025 work programme to enhance regional financial cooperation. Key developments include an amended CMIM Agreement with a Rapid Financing Facility, endorsement of SPIRIT, and advancing regional market initiatives like the ABMI Digital Bond Market Forum.
-
European Central Bank blog estimates a lasting 10% rise in electricity prices could cut employment in energy-intensive manufacturing by up to 2%
The European Central Bank's analysis indicates that high energy prices could significantly impact euro area employment, especially in energy-intensive manufacturing. A permanent 10% rise in electricity prices may reduce employment in these industries by 1% to 2%, particularly in southern Germany and northern Italy. The blog suggests mitigating measures like faster access to cheaper energy and enhancing labor market flexibility to support worker upskilling and mobility.
-
Saudi Arabia Insurance Authority and Ministry of Culture sign MoU to develop cultural insurance market
The Saudi Arabia Insurance Authority and Ministry of Culture signed an MoU to develop tailored cultural insurance products and strengthen protection for cultural assets. Their work will cover valuation and restoration standards, asset assessment criteria, and market data sharing.
-
Swedish Financial Supervisory Authority survey finds only two in five Swedes hold enough cash for a week
The Swedish Financial Supervisory Authority's survey reveals that only 40% of Swedes have enough cash at home to cover a week's expenses if digital payments fail. It highlights that preparedness is weakest among those aged 30–50, with many lacking backup payment options. The authority advises maintaining diverse payment and banking access methods for resilience.
-
U.S. House Financial Services and Agriculture Committees release discussion draft to establish a digital asset market structure framework
The U.S. House Committees on Financial Services and Agriculture released a draft bill to establish a regulatory framework for digital assets, aiming to enhance market structure, regulatory clarity, and consumer protection. Introduced by Financial Services Chairman French Hill and Agriculture Chairman G.T. Thompson, it seeks to address oversight gaps and provide certainty for digital asset stakeholders. A joint hearing is scheduled for May 6, 2025, to gather public feedback.
-
Central Bank of Russia reports 23.6% rise in Q1 consumer complaints driven by banks and microfinance as insurance complaints drop 44.6%
The Central Bank of Russia reported a 23.6% year-on-year increase in financial consumer and investor complaints for Q1 2025, totaling nearly 95,000. Complaints about banks rose by 36.8% due to suspensions of remote banking services following new fraud prevention measures. Insurance complaints dropped by 44.6% due to procedural changes, while complaints about microfinance organizations increased by over 10%, driven by unauthorized loans and debt recalculations.
-
Central Bank of Russia adds 25 corporate bond series from 12 issuers to the Lombard List
The Central Bank of Russia's Board of Directors has added 25 corporate bond series from 12 issuers to the Lombard List as of 25 April 2025. The additions include exchange-traded bonds from companies such as Atomic Energy Power Corporation, Magnit, METALLOINVEST, and others.
-
Central Bank of Russia publishes April monitoring results showing top 10 banks’ maximum ruble deposit rates easing to 19.79%
The Central Bank of Russia reported a decline in the average maximum interest rates on Russian-ruble deposits at the 10 largest credit institutions, from 20.05% in early April to 19.79% by the end of the month. The rates exclude special categories and are based on offers available to any client without conditions. Detailed data and changes in monitoring results are accessible on the Central Bank's website.
-
Federal Deposit Insurance Corporation issues list of state nonmember banks evaluated for Community Reinvestment Act compliance
The Federal Deposit Insurance Corporation (FDIC) released a list of state nonmember banks examined for Community Reinvestment Act (CRA) compliance, detailing evaluation ratings from February 2025. The CRA mandates assessments of banks' efforts to meet community credit needs, with public disclosure of evaluations required by Congress since July 1990.
-
State Bank of Vietnam to run controlled fintech sandbox for credit scoring open APIs and peer-to-peer lending from 1 July 2025
The State Bank of Vietnam has issued a decree for a controlled testing mechanism in the banking sector to trial fintech products, effective 1 July 2025. The sandbox includes credit scoring, data sharing via open APIs, and peer-to-peer lending, involving various entities but excluding cross-border trials. Participation is not an official authorisation, and results will inform potential legal framework refinements.
-
State Bank of Vietnam publishes Prime Minister’s National Assembly report setting an 8% growth goal for 2025 and outlining flexible monetary policy
The State Bank of Vietnam reported Prime Minister Pham Minh Chinh's presentation on 2024 economic outcomes and 2025 targets, including an 8% GDP growth goal and an economy size above USD 500bn. The 2024 GDP grew by 7.09% with inflation at 3.63%, while early 2025 saw Q1 GDP growth of 6.93% and inflation at 3.2%. The Prime Minister proposed 11 measures for 2025, focusing on macro policy coordination, flexible monetary policy, and fiscal discipline, with a potential budget deficit adjustment to 4–4.5% of GDP.
-
State Bank of Vietnam urges stronger bank branding and digitalisation as 13 Vietnamese banks rank in Brand Finance global top 500
The State Bank of Vietnam (SBV) aims to enhance Vietnamese banks' competitiveness through digital transformation and international brand recognition. Deputy Governor Pham Thanh Ha stressed aligning governance with international standards and improving transparency, targeting 2–3 Vietnamese banks to rank among Asia's top 100. SBV plans to strengthen the legal framework, encourage innovation, and require banks to develop structured brand strategies for long-term growth and integration.
-
State Bank of Vietnam Governor issues anniversary message urging organisational streamlining and a new development strategy
The State Bank of Vietnam, through a message from Governor Nguyen Thi Hong, marked the 74th anniversary of Vietnam’s banking sector by reflecting on its historical contributions and setting future priorities. Achievements noted include inflation control, macroeconomic stability, and international integration. The message urged staff to innovate and streamline operations to support Vietnam's goal of becoming a developed industrial country by 2045.
-
Norwegian Financial Supervisory Authority reports consumer debt up 6.8% to NOK 172.7bn and related collection cases up 3.9%
The Norwegian Financial Supervisory Authority reported that total consumer debt in Norway reached NOK 172.7 billion as of 31 March 2025, a 6.8% increase over the past year. Debt collection cases rose by 3.9% to 678,300 by end-2024, with defaulted consumer debt totaling NOK 60.2 billion. Inflation rose 2.6% during the same period, while interest-bearing debt increased by 5.3% and non-interest-bearing debt by 13.6%.
-
Commodity Futures Trading Commission places staff on administrative leave pending investigations into potential legal and ethics violations
The Commodity Futures Trading Commission has placed staff on administrative leave as it investigates potential violations of laws, government ethics requirements, and professional rules of conduct, in line with the President’s executive orders on lawful governance and accountability.
-
United States Office of the Comptroller of the Currency seeks input on barriers to community banks’ adoption of digital banking solutions
The Office of the Comptroller of the Currency has issued a request for information to identify challenges community banks face in adopting digital banking solutions. This initiative aims to support banks' safe transition to digital banking by understanding obstacles related to technology provider arrangements and competitive fairness.
-
Argentina Securities Commission participates in Expo EFI congress and discusses capital markets technology and public private coordination
The Argentina Securities Commission (CNV) participated in the Argentine Economic Congress at the 12th Expo Argentina de Economía, Finanzas e Inversiones (EFI). Vice President Patricia Boedo attended sessions on capital markets priorities. Economy Minister Luis Caputo outlined national economic policy and challenges, while President Javier Milei discussed macroeconomic results. Boedo emphasized CNV's focus on institutional strengthening and public-private coordination to enhance market efficiency and competitiveness.
-
Argentina Securities Commission chair showcases crypto regulatory work and investment opportunities at UK Fintech Week
The Argentina Securities Commission (CNV) chair, Roberto E. Silva, participated in UK Fintech Week 2025, promoting Argentina's capital markets and discussing innovative crypto regulation. Silva engaged in panels and meetings with global financial leaders, including the Bank of England and the UK Financial Conduct Authority, to strengthen investment links and support regulatory technology.
-
United States House Committee on Agriculture and House Committee on Financial Services release discussion draft bill to create digital asset regulatory framework
The United States House Committee on Agriculture and the House Committee on Financial Services released a discussion draft for a regulatory framework on digital assets, aiming to enhance regulatory clarity and consumer protection. The draft builds on bipartisan efforts from the 118th Congress to provide certainty for digital asset developers and users. A joint hearing titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century” is scheduled for May 6, 2025.