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2025-04-25•Lithuania•Bank of Lithuania
The Bank of Lithuania's 2024 Banking Activity Review reports rapid credit portfolio growth and a shift in the largest banks by assets, with Revolut Holdings Europe UAB surpassing Swedbank, AB. The review emphasizes the need to combat financial fraud, enhance cyber resilience, and monitor loan quality. The sector saw a 15.4% increase in the loan portfolio to EUR 31.7 billion, with a non-performing loan ratio of 0.90% and a capital adequacy ratio of 21.39%.
SupervisionRisk monitoring & watch pointsLendingAsset quality
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2025-04-25•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority released provisional 2024 market statistics, reporting total gross premiums of HKD 637.8 billion, with significant growth in long-term new business. Long-term new office premiums excluding Retirement Scheme business rose 21.4% to HKD 219.8 billion, driven by Non-Linked individual business. In general insurance, gross premiums were HKD 100.5 billion, with an operating profit of HKD 8.1 billion, though comparisons with pre-July 2024 figures are discouraged due to the new Risk-based Capital regime.
Data & statisticsFinancial and market indicators
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2025-04-25•Sweden•Riksbank
The Executive Board of Sweden's Riksbank appointed Anne-Catherine Worth as the new Director of Communications, effective 11 August 2025. Worth previously held communications leadership roles at the Swedish Post and Telecom Authority and the Swedish Medical Products Agency.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has obtained an arrest warrant for Mr. Liu Shaolin on charges of false trading in Pak Wing Group Holdings Limited shares. The SFC alleges Liu engaged in "marking-the-close" activities in 2018, profiting illicitly by HKD 2.9 million. Civil proceedings seek to restore affected counterparties, with an interim injunction on Liu's assets discharged after he paid HKD 3,158,400 into court.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that the Eastern Magistrates’ Court has adjourned the insider dealing case against Wong Pak Ming to 5 June 2025. Wong is charged with insider dealing in shares of Transmit Entertainment Limited while serving as chairman and controlling shareholder. Bail conditions include a cash bail of HKD 200,000 and notifying authorities before leaving Hong Kong.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-25•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) hosted a discussion on the digital euro as a public good to enhance financial inclusion and complement cash. Governor Robert Holzmann emphasized the central bank's role in ensuring access to public money, noting cash's prevalence in Austria and the digital euro's potential for digital transactions. A report by the Austrian Forum on the Digital Euro highlights barriers and proposes measures for inclusive design and user-centred features.
Policy & regulationImplementation, projects & pilotsCBDCFinancial inclusion
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2025-04-25•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan appointed Medeu Edil Akhmetqaluly as head of the executive body and a member of the management body in the securities market, as per Protocol No. 238/RCB.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-25•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has drafted a resolution to amend financial market regulations, focusing on consumer protection. Key proposals include stricter creditworthiness assessments, criteria for high-risk borrowers, and enhanced bank procedures for debt restructuring and consumer rights protection. The draft is accessible on the Open NPA portal and the Agency's website.
Policy & regulationRules & requirementsCredit riskPrudential risks
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2025-04-25•Philippines•Department of Finance (Philippines)
The Philippines Department of Finance urged international financial institutions at the G-24 Meeting to enhance support for emerging markets through financing, technical assistance, and policy dialogue. Undersecretary Joven Balbosa emphasized pressures from economic shocks, climate change, and geopolitical tensions. The World Bank introduced a new Project Preparation Facility, and the IMF highlighted its vulnerability review work, with G-24 members endorsing a Communiqué on innovative financial instruments and multilateral cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert regarding a fraudulent website and internet banking login screen linked to Chong Hing Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Customers who interacted with the fraudulent site should contact Chong Hing Bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing emails reported by Tai Sang Bank Limited. The HKMA emphasized that banks will not request sensitive information or transactions via SMS or email with embedded hyperlinks. Customers affected by the phishing emails are advised to contact Tai Sang Bank Limited and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority published its Annual Report 2024, detailing monetary and banking trends, major events, and work priorities for 2025. The accompanying Sustainability Report outlines strategies for integrating sustainability into Hong Kong's financial system, focusing on climate resilience and ecosystem enhancement.
OtherClimate risk and sustainable finance
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen linked to Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Individuals who interacted with the fraudulent site are advised to contact the bank and report to the Hong Kong Police.
SupervisionAlertsFraud and scams
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2025-04-25•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has revoked ISTEM Sigorta Aracılık Hizmetleri Ltd. Şti.’s eligibility certificate. This action was taken under Articles 1 and 32 of Insurance Law No. 5684 and Article 24 of the Insurance Agencies Regulation, as per Board decision No. 1082.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2025-04-25•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City released its April Services Survey, indicating a modest rise in Tenth District services activity with positive future expectations. Contacts anticipate steady or increased activity, though many have lowered demand outlooks and noted higher uncertainty. The survey includes new seasonal adjustment factors, affecting historical indexes, which will be applied throughout 2025.
Data & statisticsEconomic data and developments
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2025-04-25•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission met with representatives from the Embassy of Japan and the Financial Services Agency of Japan to discuss insurance-sector supervisory approaches and regulatory cooperation. Key topics included disaster risk management, health insurance product trends, Japanese insurers' operations in Thailand, and the implementation of International Financial Reporting Standard 17 (IFRS 17).
SupervisionCooperationCross-border cooperation
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2025-04-25•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities, with the Dubai Financial Services Authority, held a dialogue in Dubai to explore how Arab securities regulators can support financial services innovation and integrate new technologies, focusing on FinTech, digital assets, AI, and cybersecurity. The event aligned with UASA’s Strategic Plan 2021–2025 and included discussions on technical assistance, knowledge-sharing, and presentations on the DFSA Innovation Testing Licence and Cyber Threat Intelligence Platform.
Policy & regulationCooperationFintech and insurtechCyber resilience
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2025-04-25•Europe•European Central Bank
The European Central Bank's blog evaluates euro area banks' adaptation to the Eurosystem's revised framework, noting effective anchoring of short-term money market rates around the deposit facility rate. Excess liquidity has decreased by over EUR 2 trillion, with banks increasingly meeting liquidity needs through market sources. The post anticipates rising demand for standard refinancing operations as reserves decline, emphasizing the importance of money market functionality and bank readiness for Eurosystem operations.
Monetary policyMonetary policy assessments & outlooksLiquidity risk
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2025-04-25•Europe•European Central Bank
European Central Bank President Christine Lagarde, at the IMF Spring Meetings, highlighted trade tensions' impact on investment and inflation, confirming a 25 basis point ECB interest rate cut. She reported euro area GDP growth of 0.9% in 2024, with moderate growth in early 2025 amid financial market tensions. Lagarde emphasized the need for macroprudential measures, Basel framework implementation, and strengthening non-bank resilience, while noting limited current crypto-asset risks and advocating for a digital euro legislative framework.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported on the country's participation in a consultative meeting during the IMF and World Bank Group Spring Meetings, focusing on economic stability, monetary policy, and growth amid geopolitical risks. First Deputy Prime Minister Hokimkholiqzoda H.H. emphasized the importance of IMF and World Bank support for socio-economic development and infrastructure projects. Discussions also covered digitalisation, green economy, and sustainable financial instruments.
Policy & regulationCooperationOther
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported on a meeting chaired by Presidential Assistant Zarif Alizoda. The interagency commission approved Tajikistan’s second national AML/CFT/CPF risk assessment report and a first report on risks related to legal persons and arrangements, agreeing to develop an interagency action plan for the 2026 mutual evaluation. Discussions included information-sharing improvements and strengthened FATF requirements for the upcoming assessment cycle.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan, with the Association of Financial Institutions and the National Association of Women Entrepreneurs “Kadbanu”, held an awards ceremony recognizing successful women in banking and entrepreneurship. The central bank highlighted a 28.7% increase in loans to women, totaling over TJS 6.2bn as of March 2025. Women now represent nearly 41% of the banking system, with lending to women reaching TJS 24.8bn over the past five years.
Other
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2025-04-25•Europe•European Central Bank
The European Central Bank's weekly financial statement reports a EUR 609 million increase in total assets and liabilities, reaching EUR 6,329,947 million. Key movements include a EUR 26,601 million rise in the deposit facility and a EUR 9,088 million decrease in securities held for monetary policy purposes. Total monetary policy operation liabilities to euro area credit institutions increased by EUR 8,428 million.
Data & statisticsBalance of payments and other external statistics
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2025-04-25•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority updated "List A – Increased geographical risks" for due diligence under the Due Diligence Act, incorporating the Financial Action Task Force's February 2025 list and the 2024 Transparency International Corruption Perceptions Index. Chile and Malaysia were removed, while Qatar, Monaco, and Saudi Arabia were added. The European Commission has not updated its list of "states with strategic deficiencies," with no changes expected before the end of 2025.
Policy & regulationRules & requirementsSanctions list update
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2025-04-25•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) joined the eProteção podcast, where Director Carlos Queiroz outlined SUSEP's regulatory role in mutualist protection. Key points included mandatory registration of vehicle protection associations within six months to enhance market understanding and ensure security and transparency. Queiroz emphasized SUSEP's focus on market organization and consumer protection, with a willingness to engage with stakeholders in rule development.
Policy & regulationGuidance & interpretationFintech and insurtech
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2025-04-25•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) participated in The Surety Academy podcast to discuss prudential criteria for issuing SUSEP certificates, referencing PGFN Ordinance 2,044/2025. The certificates are crucial for identifying insurers qualified to offer surety bonds and are essential in federal tax enforcement and administrative negotiations.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-04-25•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) issued Resolution SUSEP No. 50/2025, establishing a Data Governance Policy (PGDados) to enhance strategic information use. The policy outlines principles, governance structures, and roles for data management, emphasizing integrity, quality, confidentiality, and availability. PGDados applies to all data within SUSEP's infrastructure, ensuring compliance with Brazil’s General Data Protection Law and promoting efficient, transparent regulatory activities.
Institutional developmentTechnology & data transformationData protection
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2025-04-25•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina met with ECB President Christine Lagarde to discuss preserving the Central Bank's independence and cooperation amid Bosnia and Herzegovina's European integration. Topics included technical cooperation, knowledge exchange, aligning with European standards like modernising payment systems through SEPA and TARGET Instant Payment Settlement, and addressing economic challenges, macroeconomic developments, and inflationary pressures.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Bulgaria•Ministry of Finance (Bulgaria)
Bulgaria's Ministry of Finance announced meeting the Maastricht criteria and requested convergence reports from the European Commission and European Central Bank to advance euro area accession. Finance Minister Temenuzhka Petkova linked euro adoption to stabilizing public finances and criticized the previous administration for fiscal weakening. The ministry also highlighted financial pressures in the energy sector and municipal capital spending initiatives.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-25•South Africa•South African Reserve Bank
The South African Reserve Bank's Prudential Authority sanctioned Absa Bank Limited for non-compliance with the Financial Intelligence Centre Act, 2001, after a 2022 inspection. Sanctions include a ZAR 10 million penalty: ZAR 7 million for inadequate due diligence on prominent persons and ZAR 3 million for transaction monitoring and reporting breaches. Absa has cooperated and initiated remedial actions to address these deficiencies.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-04-25•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines' Q1 2025 Senior Bank Loan Officers’ Survey shows most banks reported unchanged credit standards for business and household lending, though the diffusion index indicated net tightening. Loan demand was steady according to modal results, but the diffusion index showed a net increase in demand for both enterprise and household loans. Looking ahead, banks expect largely unchanged lending standards and steady demand, with the diffusion index suggesting potential tightening for households and increased demand across both segments.
Data & statistics
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2025-04-25•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency issued a warning regarding the prospectus exemption in Article 72 of the Financial Instruments Market Act, emphasizing that the EUR 5 million threshold must be applied independently and not combined with other exemptions for the same securities offer. This clarification aligns with Article 3(2) of the EU Prospectus Regulation, which restricts combining exemptions to those under Article 1(4) and Article 1(5).
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-04-25•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Securities Scientific Research and Training Center and Thuongmai University signed a memorandum of understanding to collaborate on securities research, education, and outreach. The agreement includes sharing research information, conducting joint training and seminars, and providing practical exposure for students. Thuongmai University will develop a detailed implementation plan for this cooperation.
Institutional developmentCooperation & capacity buildingOther
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2025-04-25•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission is consulting on a draft memorandum to eliminate the classification of listed companies' common shares into Class “A” and Class “B”. The proposal addresses administrative inefficiencies and unwarranted arbitrage, leveraging the Philippine Stock Exchange's capability to monitor foreign ownership limits. Listed corporations must amend their Articles of Incorporation within a year of the circular's effectivity, facing penalties for non-compliance.
Policy & regulationRules & requirementsTrading
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2025-04-25•Germany•German Bundesbank
The German Bundesbank's Q4 2024 accounts show a EUR 136 billion rise in households' nominal financial assets, driven by net acquisitions and valuation gains, with a shift towards liquid deposits. Non-financial corporations experienced a sharp decline in external financing due to reduced loan financing and valuation losses in issued equity, slightly decreasing liabilities. The Bundesbank noted that revisions to financial and national accounts affect comparability with previous data.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-25•Serbia•National Bank of Serbia
Governor Jorgovanka Tabakovic of the National Bank of Serbia attended the International Monetary and Financial Committee meeting in Washington, addressing global economic challenges like subdued growth, high public debt, and trade uncertainties. The meeting emphasized the IMF's role in supporting members with balance of payments pressures and maintaining global financial stability. The addition of a 25th African member and the IMF's medium-term priorities, including productivity and investment support, were noted.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-04-25•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has voluntarily cancelled the non-bank credit organisation licence of Premier Kredit LLC, effective immediately. The firm is required to cease operations and undergo liquidation in accordance with the Civil Code.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-25•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held a presentation for domestic investment companies on common errors in issuance prospectuses, as part of its capital market development initiatives. The session addressed deficiencies, provided practical examples, and offered recommendations for legal compliance. The Central Bank plans to continue enhancing securities issuance practices and regulatory compliance.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-04-25•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission and Bursa Malaysia issued a security alert following reports of failed client logins and unauthorized trading activities on some online accounts. Brokers are advised to alert clients to reset passwords and enhance security measures, including multi-factor authentication. Regulators are investigating the cause, with the market set to open as usual on 25 April 2025.
SupervisionAlertsCyber resilience
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2025-04-25•Albania•Albania Financial Services Authority
The Albania Financial Services Authority reported a 7.09% increase in gross written premiums to ALL 5,598 million and an 11.90% rise in insurance contracts for Q1 2025. Non-life insurance dominated with 90.45% of premiums, while compulsory insurance accounted for 60.44%. Gross paid claims decreased by 3.77% to ALL 1,921 million, with motor insurance claims comprising 75.70% of the total.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-25•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay and the International Monetary Fund agreed to make the BCP Institute the host of the IMF Regional Training Program for South America and Mexico. The program started in March 2025 and is expected to run up to eight in-person courses a year on macroeconomic, fiscal, financial sector and other policy topics. It will serve officials from central banks, finance ministries, financial supervisors and national statistics offices.
Policy & regulationImplementation, projects & pilotsCapacity building
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2025-04-25•United Kingdom•Bank of England
The Bank of England released a staff working paper modeling euro area business cycle fluctuations, identifying two primary shocks—demand and supply—that explain most cyclical dynamics. Using data from 1985 to 2023, the study finds synchronized responses across major member states, with supply-side shocks initially driving post-pandemic inflation and demand-side pressures intensifying from mid-2022. The paper aims to elicit comments and does not reflect official Bank of England policy.
Research
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2025-04-25•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia joined a regional workshop in Bangkok under the UN ESCAP Climate Investment Project, focusing on strengthening green project pipelines in emerging markets. SERC Director General Sou Socheat discussed Cambodia’s progress in sustainable finance and efforts to develop regulatory frameworks for green finance instruments. The event addressed challenges in scaling sustainable finance, like limited investable green projects, and aimed to connect investors with project owners.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-25•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission announced the removal of 12 entities from the United Kingdom Syria financial sanctions regime, lifting asset freezes and director disqualifications in Guernsey. The updated list includes the Ministry of Interior, Ministry of Defence, and several intelligence and media organizations. UK sanctions regulations are implemented in Guernsey under the Sanctions (Bailiwick of Guernsey) Law 2018.
EnforcementSanctions & designationsSanctions list update
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2025-04-25•Europe•European Central Bank
The European Central Bank (ECB) released a letter from President Christine Lagarde detailing disclosure practices for its asset purchase programme (APP) and pandemic emergency purchase programme (PEPP) as the PEPP portfolios wind down. The ECB maintains transparency through dedicated web pages and updated its PEPP data publication approach in December 2024, providing detailed monthly net purchase data for public and private sector securities, with specific breakdowns for various sub-programmes.
Policy & regulationGuidance & interpretationMonetary data
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2025-04-25•Europe•European Central Bank
The European Central Bank (ECB) detailed its IT services protection measures in a response from President Christine Lagarde to a Member of the European Parliament. The ECB employs a multi-layered risk management framework with encryption and regular testing. Key service providers include BT GmbH & Co. oHG, Colt Technology Services GmbH, and Telekom Deutschland GmbH.
Institutional developmentTechnology & data transformationIT management
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2025-04-25•Canada•Ontario Securities Commission
The Ontario Securities Commission held its annual OSC Dialogue on 24 April 2025, focusing on the future readiness of Canada's capital markets. Key discussions addressed evolving enforcement against scams, enhancing competition and innovation, sustainable finance, and AI's impact on investor behavior. The OSC emphasized its investor protection mandate and advised investors to verify the registration status of investment providers.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2025-04-25•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative (UNEP FI) released its Annual Overview 2024, detailing milestones and strategic actions in sustainable finance. Key initiatives include the Responsible Banking Blueprint, net-zero insurance practices, and aligning finance with biodiversity goals. UNEP FI Head Eric Usher emphasized the evolving landscape of sustainable finance and ongoing support for members.
OtherClimate risk and sustainable finance
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2025-04-25•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a public consultation on proposed amendments to the eligibility criteria for foreign mutual funds and collective investment schemes that Thai mutual funds can invest in. The proposal aims to broaden investment options by allowing additional types of foreign schemes, such as commodity-based trusts, provided they are supervised by IOSCO member regulators and traded on World Federation of Exchanges member exchanges.
Policy & regulationRules & requirementsMarket development
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2025-04-25•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji hosted a Micro Parametric Insurance Payout Event, highlighting payouts for over 1,100 policyholders under a micro-parametric insurance initiative with SUN Insurance and Tower Insurance, supported by Germany’s InsuResilience Solutions Fund and the United Nations. The initiative aims to enhance disaster-related payouts and financial inclusion, targeting 5,000 policyholders and extending awareness to 20,000 people, with Year 2 preparations underway despite initial delays.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-25•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has asked the public prosecutor to file a civil lawsuit against Mr. Chanon Wangtal and Mr. Natpapat Keschaimongkol for alleged manipulation of Scan Inter Public Company Limited shares. The SEC seeks civil penalties of THB 10,553,382 plus interest, alongside trading prohibitions and bans on holding director or executive positions. The case has also been reported to the Anti-Money Laundering Office, as unfair securities trading is a predicate offense under the Anti-Money Laundering Act.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo and the International Finance Corporation discussed financial sector developments, focusing on payments system modernization, digitalization, and legal framework enhancements. They addressed climate risks and reviewed IFC-supported projects, reaffirming their commitment to expand cooperation for inclusive and sustainable financial services in Kosovo.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-25•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has granted Samchai Steel Industries Public Company Limited an extension to submit its special audit report by 9 July 2025, requiring disclosure via SETLink. The SEC emphasized the need for an expedited audit process and warned of potential actions if the deadline is not met.
SupervisionAuthorisations & approvalsAuditing
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2025-04-25•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji highlighted SUN Insurance's payout of over 107,000 FJD to 1,101 individuals under a parametric microinsurance initiative, demonstrating the model's efficacy in rapid post-disaster relief. Part of the UN Capital Development Fund’s Pacific Insurance and Climate Adaptation Programme, the initiative aims to expand nationwide and beyond Fiji, with significant female participation and ongoing support from the UN Capital Development Fund and UNDP.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-25•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has mandated KWI Public Company Limited to conduct a special audit after potential transaction irregularities were identified by its auditor. The audit will cover the past three years and must be conducted by a Big 4 audit firm different from KWI's current auditor. Concerns include unsupported expense disbursements, questionable consulting fees, and loans to entities that became KWI shareholders.
SupervisionInterventionsAuditing
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2025-04-25•Malta•Central Bank of Malta
The Central Bank of Malta's latest business dialogue with non-financial corporations shows improved business conditions in Q1 2025, with the net share of firms reporting better conditions rising to 15% from 9% in the previous quarter. Service-oriented firms reported the highest net share of expansion in activity.
Data & statisticsActivity and performance reporting
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2025-04-25•Europe•European Payments Council
The European Payments Council has launched a public consultation to explore how to support the use of SEPA Instant Credit Transfer at the point of interaction, guided by the Instant Payments Regulation. This initiative aims to gather input from stakeholders on requirements and challenges for SCT Inst-based POI solutions, with feedback potentially leading to a workshop to discuss findings.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-25•Europe•European Payments Council
The European Payments Council published updated clarification papers to enhance the implementation of SEPA Credit Transfer, SEPA Instant Credit Transfer, SEPA Direct Debit Core, and SEPA Direct Debit Business-to-Business rulebooks. Clarification Paper Version 3.1 and Version 4.1 apply to the 2023 and 2025 rulebooks, offering guidance and recommendations for payment service providers. Updated customer reporting recommendations address SEPA Credit Transfers, One-Leg Out Instant Credit Transfer, and SEPA Direct Debits.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-04-25•Kenya•National Treasury (Kenya)
Kenya’s National Treasury, represented by Principal Secretary Dr. Chris Kiptoo, participated in an IMF-organised event on "Financial Sector Development in EAC: Overcoming Barriers" during the 2025 World Bank/IMF Spring Meetings. The event, led by African Department Director Abebe Aemro Selassie, included discussions on enhancing financial sector development in the East African Community.
Policy & regulationCooperationMarket development
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2025-04-25•Hungary•National Bank of Hungary
The National Bank of Hungary reported robust residential property price growth in 2024 Q4, with the MNB House Price Index showing a 3.4% quarterly and 15.1% annual nominal increase. Budapest saw a 4.5% quarterly rise, while cities outside Budapest and villages experienced 2.9% and 3.2% increases, respectively. Methodological differences may cause variations between this index and the national index by the Hungarian Central Statistical Office.
Data & statisticsFinancial and market indicators
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2025-04-25•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority issued a consumer warning about fraudsters posing as recovery firms to exploit scam victims, noting an increase in such cases in early 2025. It also highlighted a trend of fraudulent loan offers requiring upfront fees without delivering loans. Despite a 17% drop in reported investment fraud cases in 2024, the authority emphasized the issue of under-reporting and encouraged victims to report incidents.
SupervisionAlertsFraud and scams
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2025-04-25•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that Ifinlab is not registered to deal or advise in securities in New Brunswick. The Commission emphasized the importance of registration for investor protection and recommended using the National Registration Search tool for verification.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam is coordinating with ministries and state-owned banks to implement a VND 500 trillion preferential credit package for infrastructure and digital technology investments. The package will feature preferential interest rates and focus on medium- and long-term lending, despite challenges from banks' short-term funding bases and prudential constraints. Regulatory adjustments will be detailed in upcoming circulars, with ministries providing phased project financing plans.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-04-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on a Government meeting led by Prime Minister Pham Minh Chinh with the newly formed Policy Advisory Council. The Council, which includes former Deputy Minister of Industry and Trade Tran Quoc Khanh, discussed private sector development proposals, socio-economic assessments, and draft rules for its operations. Relevant agencies were instructed to integrate feedback into final drafts for submission to authorities.
Policy & regulationReform agendas & prioritiesOther
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2025-04-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam proposed draft amendments to the Law on Credit Institutions, incorporating mechanisms from Resolution 42/2017 on non-performing loan resolution, including creditor rights to seize collateral. The amendments suggest shifting approval powers for special loans from the Prime Minister to the State Bank. The National Assembly Standing Committee agreed in principle, linking the proposal to rising bad debts and emphasizing the need for oversight and clearer roles in collateral seizure processes.
Policy & regulationRules & requirementsOther
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2025-04-25•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) issued 16 safety and soundness orders in March 2025, including one consent order, one order terminating insurance, and four orders for civil money penalties. Additionally, seven orders terminated 101 waiver orders under Section 19 of the Federal Deposit Insurance Act. No administrative hearings are scheduled for May 2025.
EnforcementInvestigations & enforcement actionsOther
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2025-04-25•Chile•Chile Financial Market Commission
The Chile Financial Market Commission proposes amendments to banking regulations to reduce frictions in liquidity management, focusing on repurchase agreements, self-securitisations, and recognizing loan insurance and derivatives in risk-based capital requirements. The changes aim to simplify regulatory treatment, align with Basel III, and encourage market depth, with limited immediate balance-sheet impact expected. Consultation materials are available on the CMF's website.
Policy & regulationRules & requirementsLiquidity riskPrudential risks
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2025-04-25•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority inspected EnvisionTech AS, finding compliance with sustainability-related disclosure requirements for the NRP Green Transition I fund. The review, part of a thematic assessment of eight fund managers, noted no issues with submitted documents but emphasized the need for mandatory materials to be publicly accessible online. The authority requested EnvisionTech to share the report with its auditor and depositary.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-04-25•Global•Financial Stability Board
FSB Deputy Secretary General Martin Moloney noted at the International Institute of Finance Digital Assets Roundtable that tokenisation poses industry coordination challenges, and crypto-assets need regulatory constraints. He stressed careful oversight of crypto's integration with traditional finance and reiterated the focus on stablecoins under the FSB’s Global Stablecoin Recommendations. The FSB plans to deliver a thematic peer review to the G20 in October on implementing its global regulatory framework for crypto-asset activities.
Policy & regulationPeer reviews and country evaluationsStablecoinsTokenization
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2025-04-25•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) issued an urgent order against Menethil Properties Ltd., halting its real estate services, freezing trust accounts, and suspending its brokerage licence due to unauthorized operations. The order also requires director David Song to cease real estate services, following the February suspension of managing broker Tao (Terry) Guo. BCFSA assured tenancy agreements remain unaffected and advised clients to review its consumer alert.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-25•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) has enforced urgent measures against Menethil Properties Ltd, suspending its brokerage license, freezing trust accounts, and halting real estate services. This follows the February 2025 suspension of Menethil’s managing broker, with BCFSA noting unauthorized operations continued. Landlords should seek alternative management and payment arrangements, while tenants should continue paying rent as per agreements.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-04-25•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce highlighted regulatory uncertainty as a barrier for SEC-registered firms in providing crypto custody services during the Crypto Task Force roundtable. She advocated for a framework addressing investor and intermediary risks without limiting investor choice, recognizing differences across crypto assets. Peirce also raised policy questions about potential amendments to the Securities Investor Protection Act, the role of the Uniform Commercial Code, and the future of custody rules for advisers and investment companies.
Policy & regulationReform agendas & prioritiesClient asset custody and safekeepingRegulatory burden
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2025-04-25•United States•U.S. Securities & Exchange Commission
At the U.S. Securities & Exchange Commission's crypto roundtable, Commissioner Caroline A. Crenshaw emphasized maintaining the investor-protection strength of existing custody rules for crypto assets, cautioning against lowering standards. She highlighted risks like protocol failures and hacking, and called for clarity on investor protections if a crypto custodian becomes insolvent. Crenshaw also questioned the suitability of omnibus wallets used by large crypto platforms, suggesting they may pose greater risks than segregated wallets.
Policy & regulationGuidance & interpretationClient asset custody and safekeeping
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2025-04-25•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins addressed the SEC Crypto Task Force roundtable, emphasizing the need for clearer crypto asset regulations. Discussions focused on adapting custody rules under securities laws and evaluating the "special purpose broker-dealer" regime's viability for crypto assets. Input was sought to guide potential development of a new crypto asset broker-dealer framework.
Policy & regulationGuidance & interpretationBlockchain and distributed ledger technology
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2025-04-25•United States•U.S. Securities & Exchange Commission
Commissioner Mark T. Uyeda of the U.S. Securities & Exchange Commission stressed the need for multiple compliant crypto asset custody solutions after withdrawing Staff Accounting Bulletin No. 121. He called for clarity on whether registered investment advisers can use state-chartered limited purpose trust companies as qualified custodians under the Advisers Act Custody Rule. Uyeda also suggested enhancing competition by modifying the SEC’s special purpose broker-dealer regime and issuing interim guidance on custody practices for various asset types.
Policy & regulationGuidance & interpretationClient asset custody and safekeeping
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2025-04-25•Bosnia and Herzegovina•Republic of Srpska Securities Commission
The Republic of Srpska Securities Commission highlighted opportunities for local communities in financial markets, focusing on securities issuance and investment as alternative funding sources. It emphasized amendments to the Law on Investment of Public Funds, allowing municipalities to invest surplus funds in bonds for infrastructure and budget deficit financing. The Commission also proposed legislative changes to foster capital market development, including amendments to laws on the securities market and pension funds.
Policy & regulationRules & requirementsMarket development
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2025-04-25•China•China Securities Regulatory Commission
The Ministry of Finance and the China Securities Regulatory Commission have revised the Measures for the Record-filing Management of Accounting Firms Engaged in Securities Service Business, enhancing supervision and standardizing practices. Key updates include stricter initial filing requirements, improved professional liability risk management, and expanded compliance checks. Effective 14 April 2025, the revised Measures align with existing laws and introduce new filing workflows and templates.
Policy & regulationRules & requirementsAuditing
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2025-04-25•China•China Securities Regulatory Commission
The China Securities Regulatory Commission's Management Provisions on Temporary Deferral and Exemption of Information Disclosure by Listed Companies, effective 1 July 2025, regulate when disclosures can be deferred or withheld. Exemptions are categorized into state and commercial secrets, with three approaches outlined. Listed companies must establish internal policies, manage exempted items, and submit registration materials, with guidance for compliant use.
Policy & regulationRules & requirementsDisclosures
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2025-04-25•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency settled enforcement actions with former Wells Fargo executives David Julian and Paul McLinko, imposing civil money penalties of USD 100,000 and USD 50,000, respectively, and personal cease and desist orders. These settlements resolve their appeal to the U.S. Court of Appeals regarding OCC decisions from January 2025. The OCC previously settled with eight other former Wells Fargo executives, with total penalties exceeding USD 43 million.
EnforcementInvestigations & enforcement actionsAuditing
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2025-04-25•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution 1064, amending rules for marketing and distributing open-end mutual fund units. Key changes include removing certain filing requirements from the Remote Procedures platform and altering auditor report submissions to an initial filing with updates as needed. The resolution also enhances reporting via the Financial Information Highway and clarifies distribution through third-party platforms.
Policy & regulationRules & requirementsSales and distribution
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2025-04-25•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) approved the country's first open-ended mutual fund under Article 7 bis of the Investment Funds Law, now publicly launched. Established under CNV General Resolution No. 1030, the fund is available only to qualified investors and features less stringent limits and diversification requirements. It will be denominated in ARS and primarily invest in Argentine financial instruments and negotiable securities.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-25•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has issued a notice to strengthen regulation of universal-type life insurance, targeting practices that weaken protection features and promote aggressive investments. Key measures include raising the cap on basic premiums, prohibiting terms under five years, and introducing a sales "negative list." The notice mandates standardizing account operations and tighter asset management oversight to protect consumer interests.
Policy & regulationRules & requirements
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2025-04-25•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has issued a notice to strengthen regulation of universal-type life insurance, addressing weaknesses in protection features, account governance, investment practices, and sales compliance. Key measures include setting a minimum guaranteed interest rate, prohibiting terms shorter than five years, and tightening investment and sales practices. A one-year transition period applies to existing non-compliant business, with immediate compliance required for new products.
Policy & regulationRules & requirementsOther
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2025-04-25•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission has revised its Measures on the qualification management of directors and senior management in banking financial institutions, effective 1 June 2025. The updates enhance entry screening, recalibrate regulatory penalties' impact on eligibility, and impose greater responsibility on institutions for selection procedures. The Measures also standardize reporting requirements and align with related laws and supervisory rules.
Policy & regulationRules & requirementsFitness and propriety
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2025-04-25•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission updated rules on director and senior manager qualifications at banking institutions, emphasizing fit-and-proper conditions and governance. Revisions introduce a proportionality principle for regulatory penalties affecting appointments, with specific restriction periods. The rules standardize reporting deadlines, align with relevant laws, and include plans for further training and guidance.
Policy & regulationRules & requirementsCorporate governance
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2025-04-25•Central African Republic•Securities and Exchange Commission of Central Africa
The Securities and Exchange Commission of Central Africa (COSUMAF) is consulting on a draft regulation to establish a general regime for book-entry registration of securities in CEMAC member states. The proposal mandates book-entry registration for all financial securities, including digital assets, aiming to harmonize regional rules with the revised OHADA Uniform Act. This initiative seeks to replace the current regime, which only applies to public offerings, and align national custody arrangements with community standards.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-04-25•Moldova•National Bank of Moldova
The National Bank of Moldova updated its interbank foreign exchange market activities, detailing spot transactions and FX swaps. During the period, spot operations included EUR 10 million in purchases and EUR 1.5 million in sales, while FX swaps involved EUR 4.8782 million in purchases. No forward operations were conducted, and all transactions were converted to EUR using monthly average exchange rates.
Data & statisticsForeign exchange policy and markets
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2025-04-25•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu participated in a World Bank debate in Washington, emphasizing financial inclusion and women's economic empowerment in Europe and Central Asia. Dragu highlighted Moldova's digitization efforts, including the MIA instant payments system and the launch of "FinanciarELE – the Women’s Leadership Community" to support women's roles in finance.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-04-25•Moldova•National Bank of Moldova
The National Bank of Moldova released updated statistics on non-cash foreign exchange market turnover, detailing interbank and intrabank transactions against the Moldovan leu. The report covers SPOT, SWAP, and FORWARD operations, with significant SPOT activity in euros and US dollars. SWAP and FORWARD activities were minimal, with limited euro transactions reported.
Data & statisticsCurrency and cash management
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2025-04-25•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury released a readout of Secretary Scott K.H. Bessent’s meeting with Bank of England Governor Andrew Bailey. Bessent congratulated Bailey on his appointment as chair of the Financial Stability Board and discussed financial markets and the regulatory environment.
Policy & regulationCooperationFinancial stability and systemic riskDomestic cooperation
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2025-04-25•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury released a readout of Secretary Scott K.H. Bessent’s meeting with EU Commissioner Maria Luis Albuquerque, focusing on financial regulation, innovation, and sanctions coordination. Bessent emphasized the Trump Administration's priority for peace in Ukraine and reaffirmed U.S. collaboration with the EU on sanctions concerning Russia and Iran.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Europe•European Insurance and Occupational Pensions Authority
EIOPA confirmed that Bulgaria’s Financial Supervision Commission (FSC) has enhanced its supervisory review process for (re)insurance solvency positions, achieving full compliance with EIOPA's January 2025 recommendation. The recommendation emphasized a prospective, risk-based approach proportionate to the undertaking's nature, scale, and complexity. EIOPA's assessment verifies that the FSC's updated process aligns with these expectations.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-04-25•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad & Tobago issued a Financial Literacy Month roundup offering tips to protect customer accounts from cybercriminals. The guidance includes identifying phishing scams, avoiding internet fraud, and recognizing red flags such as suspicious requests for personal information and urgent account issue messages. Additional advice covers identity theft, romance fraud, and e-commerce cautions.
Financial literacy & educationCyber resilienceFraud and scams
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2025-04-25•Barbados•Central Bank of Barbados
The Central Bank of Barbados announced a partial prepayment of Series B and Series D bonds held by individuals and pensioners, under the Debt Holder (Approval of Debt Restructuring) Act, 2018-24. The prepayment, effective from 14 April 2025, may reach up to BBD 16,250 per instrument holder.
Policy & regulationRules & requirementsOther
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2025-04-24•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission joined the launch of Ohuasi Investment, SGOIC, S.A., a new collective investment scheme management company in Angola. President Elmer Serrão highlighted the firm's role in enhancing the financial ecosystem with a focus on governance, risk management, and investor responsibility. Ohuasi Investment, registered since 2023, aims to provide tailored investment solutions in local and foreign currencies.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-04-24•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo held a bilateral meeting with the International Monetary Fund in Washington, D.C., discussing macroeconomic and financial developments and BQK’s reform agenda. The IMF welcomed BQK’s reforms and shared insights on global economic trends affecting Kosovo. Both parties explored expanding cooperation to enhance financial stability and institutional capacity.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2025-04-24•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported a balance-sheet expansion for commercial banks in March 2025, with assets reaching EUR 8.63 billion, a 2.41% increase. Gross loans rose by 3.64% to EUR 6.12 billion, while customer deposits increased by 1.21% to EUR 6.97 billion. The average interest rates on loans and deposits fell to 5.69% and 2.98%, respectively, narrowing the interest rate margin to 2.72%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-24•Dominican Republic•Central Bank of the Dominican Republic
Central Bank of the Dominican Republic's Governor, Héctor Valdez Albizu, attended IMF and World Bank Spring Meetings, discussing global risk transmission and the Dominican Republic's macroeconomic outlook. He highlighted GDP growth, inflation rates, and foreign direct investment, emphasizing resilience amid international policy changes and geopolitical conflicts. Meetings with the Inter-American Development Bank and global financial institutions focused on strategic investment of international reserves and enhancing technical capacity in financial regulation and payment systems.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
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2025-04-24•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has released draft Guidance Notes for public consultation to aid recovery planning for Bermuda commercial insurers. These notes clarify standards in the Insurance (Prudential Standards) (Recovery Plan) Rules 2024 and outline expectations for insurers' Recovery Plans.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-24•Montenegro•Central Bank of Montenegro
At the IMF and World Bank Spring Meetings, the Central Bank of Montenegro discussed cooperation on payment systems modernization and AML/CFT support. Engagements with the World Bank included forestry, fishery, and energy transition projects, while IMF discussions covered regulatory alignment and the Transparency Code assessment. Cooperation will continue under the Growth Plan for the Western Balkans, emphasizing non-bank payment service providers, cybersecurity, and payment system supervision.
Policy & regulationCooperationCross-border cooperation