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  • 2025-04-24AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission secures AUD 11.03 million penalty for Equiti FS over cookie-cutter SMSF advice and conflicted bonuses

    The Australian Securities & Investments Commission (ASIC) announced that DOD Bookkeeping Pty Ltd, formerly Equiti Financial Services Pty Ltd, was fined AUD 11,030,000 for breaching conflicted remuneration laws and providing inappropriate, template-based personal advice. The court found the advice to roll over superannuation into self-managed super funds (SMSFs) for property purchases was generic and ignored individual circumstances. Equiti FS paid AUD 130,250 in bonuses to advisers, violating remuneration rules. ASIC also cancelled Equiti FS’s financial services licence on 7 November 2024.

    EnforcementInvestigations & enforcement actions
  • 2025-04-24UruguayCentral Bank of Uruguay

    Central Bank of Uruguay announces Ana Claudia de los Heros will assume vice presidency of its board

    The Central Bank of Uruguay announced that Ana Claudia de los Heros will become Vice-President of its Board on 29 April. De los Heros has been with the Central Bank since 1999, previously managing the Payments System and leading the Economic Statistics area.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-04-24TürkiyeCentral Bank of Türkiye

    Central Bank of Türkiye signs TRY 28 billion bilateral currency swap arrangement with National Bank of Kazakhstan

    The Central Bank of Türkiye and the National Bank of the Republic of Kazakhstan have signed a Turkish lira–Kazakhstani tenge bilateral swap arrangement, allowing currency exchanges up to TRY 28.0 billion or KZT 423 billion. Signed in Washington, the three-year agreement aims to support bilateral trade and enhance financial cooperation.

    Monetary policyMonetary policy instruments & operationsCross-border cooperation
  • 2025-04-24BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority publishes biennial 2022-2023 report on supplementary pensions for employees

    The Belgium Financial Services and Markets Authority released its biennial report on supplementary pensions for employees for 2022 and 2023, detailing sector-wide and employer-established pension schemes, as well as the free supplementary pension for employees. The report is available in French or Dutch.

    Data & statisticsOther
  • 2025-04-24British Virgin IslandsMinistry of Finance (British Virgin Islands)

    British Virgin Islands Ministry of Financial Services invites applications for three Financial Services Appeal Board members

    The British Virgin Islands Ministry of Financial Services, Economic Development and Digital Transformation is recruiting three members for the Financial Services Appeal Board. The Board handles appeals related to financial services regulatory decisions and considers written complaints about its affairs. Candidates must reside in the British Virgin Islands, have a bachelor's degree, and at least five years of relevant experience.

    Institutional developmentLeadership change & appointmentsHiring and recruitment
  • 2025-04-24SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission approves new Circular setting MiCA-aligned reporting for cryptoasset service providers and reducing conduct reporting to semi-annual

    The Spanish Securities Commission (CNMV) has approved a new Circular under the EU Regulation on Markets in Crypto-assets (MiCA), mandating supervisory reporting for cryptoasset service providers. The Circular introduces a model return for key activity data, reduces reporting frequency, and requires audited annual accounts and a customer asset protection report. It also amends investor warning rules and modifies the information system for contributions to the General Investment Guarantee Fund (FOGAIN).

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-04-24South AfricaNational Treasury (South Africa)

    South Africa's National Treasury and South African Reserve Bank conclude second G20 Finance Ministers and Central Bank Governors meeting and set steps on MDB monitoring and debt process reforms

    South Africa's National Treasury and Reserve Bank released an outcome statement from the G20 Finance Ministers and Central Bank Governors meeting, addressing global macroeconomic stability and Africa-focused priorities. Discussions included international trade challenges, a Monitoring and Reporting Framework for Multilateral Development Banks, and initiatives for debt transparency and private capital mobilisation. South Africa, having assumed the G20 Presidency, will host the G20 Leaders’ Summit in 2025.

    Policy & regulationCooperationMacroprudential policy and toolsFinancial stability and systemic risk
  • 2025-04-24PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendence of Banking, Insurance and AFP previews first open finance data-sharing rules in H2 2025

    The Superintendence of Banking, Insurance and AFP of Peru used the International Microfinance Seminar Arequipa 2026 to outline priorities for municipal savings and credit banks, urging faster digital transformation, stronger corporate governance and strategic partnerships. The superintendent positioned the Open Finance System as both challenge and opportunity for microfinance providers and signalled that initial rules on data sharing are expected in the second half of 2025, with SBS-led working groups already addressing data scope, risk management, information security and governance.

    Policy & regulationReform agendas & prioritiesFintech and insurtechOpen banking and finance
  • 2025-04-24UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market showcases Veleten platform enabling electronic absentee voting at general meetings

    The Ukraine National Commission on Securities and Stock Market introduced the Veleten project, a capital markets platform facilitating shareholder participation in company decision-making via electronic and in-person meetings. The system supports electronic absentee voting, document access, ballot voting, and agenda discussions. Users are directed to the NSSMC's Contribution website for investment and financial instrument information.

    Policy & regulationImplementation, projects & pilotsCorporate governance
  • 2025-04-24PeruCentral Bank of Peru

    Central Bank of Peru reports non-traditional agricultural exports up 23.8% year on year in February to USD 823 million

    The Central Bank of Peru reported non-traditional agricultural exports reached USD 823 million in February, a 23.8% year-on-year increase, driven by a 29.5% rise in average export volumes. Significant growth was noted in fresh grape exports, up 157.5%, and fresh mango exports, up 100.0%, due to an extended export season and recovery from previous climatic anomalies. Total exports for January–February amounted to USD 2,068 million, a 26.4% increase from the previous year.

    Data & statisticsBalance of payments and other external statistics
  • 2025-04-24MoroccoMoroccan Insurance Authority (ACAPS)

    Moroccan Insurance Authority launches third regional training tour for insurance intermediaries covering compulsory construction insurance and intermediaries’ receivables rules

    The Moroccan Insurance Authority (ACAPS) initiated the third regional training tour for insurance intermediaries, focusing on professional practice enhancement. The Rabat-Salé-Kénitra session introduced compulsory All Risks Construction (TRC) and Ten-Year Civil Liability (RCD) insurance, alongside new guidelines for managing intermediary receivables and a survey on commercial practices.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2025-04-24GeorgiaNational Bank of Georgia

    National Bank of Georgia reviews macroeconomic outlook with IMF Executive Director and signals upcoming IMF mission visit

    National Bank of Georgia Governor Natia Turnava and Finance Minister Lasha Khutsishvili met with IMF officials during the IMF and World Bank Spring Meetings to discuss Georgia's macroeconomic conditions and IMF engagement. Discussions included growth indicators, monetary policy, financial system resilience, and global risks. Both parties emphasized ongoing collaboration and the upcoming IMF Mission visit to Georgia.

    Policy & regulationCooperationMonetary policy decisions and developments
  • 2025-04-24GeorgiaNational Bank of Georgia

    National Bank of Georgia briefs international investors at J.P. Morgan roundtable during IMF and World Bank Spring Meetings

    Governor Natia Turnava of the National Bank of Georgia and Finance Minister Lasha Khutsishvili engaged international investors at a J.P. Morgan roundtable during the IMF and World Bank Spring Meetings. The discussion highlighted Georgia's stable macroeconomic environment, strong GDP-per-capita growth, contained inflation, and high economic expansion. The event aimed to attract new investors and reaffirm commitments from existing partners.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2025-04-24PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan launches Section 42 licensing facilitation desk and mandates a female director for medium and large companies

    The Securities and Exchange Commission of Pakistan has launched a Licensing Facilitation Desk to expedite licensing for not-for-profit companies under Section 42 of the Companies Act, 2017. A centralized email system streamlines communication, and medium and large Section 42 companies must have at least one female director. Additional resources, including a document checklist and licensing guide, are available on the SECP website.

    Policy & regulationImplementation, projects & pilotsLicensing framework and process
  • 2025-04-24ChinaCentral Bank of the Republic of China

    People's Bank of China Governor Pan meets Bank of Japan Governor Ueda to discuss macro-financial conditions and financial cooperation

    At the International Monetary Fund and World Bank Spring Meetings, People's Bank of China Governor Pan Gongsheng and Bank of Japan Governor Kazuo Ueda discussed the current macroeconomic and financial situation and financial cooperation. Deputy Governor Xuan Changneng was also present.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24ChinaCentral Bank of the Republic of China

    People's Bank of China renews cooperation memorandum with Bulgarian National Bank and extends it to long-term validity

    The People's Bank of China and the Bulgarian National Bank have renewed their memorandum of understanding, extending its term from three years to long-term validity to enhance bilateral cooperation. The renewal was signed by Governors Pan Gongsheng and Dimitar Radev during the IMF and World Bank Spring Meetings.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24BermudaBermuda Monetary Authority

    Bermuda Monetary Authority extends consultation on recovery planning guidance for commercial insurers to 30 September 2025

    The Bermuda Monetary Authority has extended the consultation deadline for its draft Guidance Notes on Recovery Planning Requirements for Bermuda commercial insurers to 30 September 2025. The draft notes clarify existing standards under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024 without introducing new requirements. The extension will not impact the effective date of the Rules or the submission deadline for recovery plans.

    Policy & regulationGuidance & interpretationRecovery and resolution
  • 2025-04-24LithuaniaBank of Lithuania

    Bank of Lithuania warns LWEX is illegally offering crypto-asset and investment services and adds the platform to its unlicensed entities list

    The Bank of Lithuania warned against LWEX for illegally operating in Lithuania, promoting unauthorized crypto-asset and financial instrument investments. LWEX is unsupervised by EU or EEA authorities and may resemble financial pyramid schemes. The central bank added LWEX to its unauthorized entities list, emphasizing retail-investor safeguards against impulsive decisions and unverified providers.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-04-24CroatiaMinistry of Finance (Croatia)

    Croatia's Ministry of Finance leads delegation to the World Bank Group and IMF Spring Meetings in Washington

    Croatia's Ministry of Finance, led by Deputy Prime Minister and Finance Minister Marko Primorac, is attending the World Bank Group and International Monetary Fund Spring Meetings in Washington, DC. Discussions will focus on World Bank Group engagement in Croatia, macroeconomic outlook, monetary and fiscal policy, and global economic challenges. The delegation will also participate in bilateral meetings with key World Bank and IMF officials.

    Policy & regulationCooperation
  • 2025-04-24Bosnia and HerzegovinaBanking Agency of the Federation of Bosnia and Herzegovina

    Banking Agency of the Federation of Bosnia and Herzegovina’s Banking System Ombudsman delivers consumer protection lecture at the University of Sarajevo Faculty of Law

    The Banking Agency of the Federation of Bosnia and Herzegovina reported that Banking System Ombudsman Lejla Smajovic delivered a lecture at the University of Sarajevo on financial services user rights and protection. The session covered the Ombudsman’s role, mechanisms for user protection, and the regulatory framework, emphasizing transparency, accountability, and financial literacy.

    Financial literacy & educationConsumer and investor protection
  • 2025-04-24EthiopiaNational Bank of Ethiopia

    National Bank of Ethiopia upgrades Ethiopian Automated Transfer System RTGS to ISO 20022 messaging standard

    The National Bank of Ethiopia upgraded the Ethiopian Automated Transfer System to the ISO 20022 standard, enhancing efficiency, security, and reliability in high-value interbank payments. EATS processes over 3.5 million transactions annually, exceeding ETB 5 trillion, among 35 financial institutions. The upgrade introduces new messaging formats, liquidity management tools, and real-time compliance with regulatory reserve requirements.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-04-24SloveniaSlovenia Insurance Supervision Agency

    Slovenia Insurance Supervision Agency outlines InsurTech Israel plans to launch InsurTech Ljubljana innovation and accelerator ecosystem in 2025

    The Slovenia Insurance Supervision Agency plans to establish "InsurTech Ljubljana" in 2025 as an accelerator and collaboration platform. Based on InsurTech Israel's model, it will focus on building a local innovation community, organizing events, and offering tailored acceleration programs, start-up pilots, and international partnerships for network access and business development support.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-04-24IndonesiaMinistry of Finance (Indonesia)

    Indonesia's Ministry of Finance says KSSK will intensify cross-authority coordination as financial system remains stable in Q1 2025

    Indonesia's Financial System Stability Committee (KSSK) affirmed financial stability in Q1 2025 despite external pressures from U.S. tariff policies and trade tensions. The committee plans to enhance coordination to bolster risk-mitigation policies and is pursuing U.S. negotiations and deregulation efforts. The KSSK will continue developing regulations under the P2SK Law to fortify the financial sector amid global economic challenges.

    Policy & regulationCooperationFinancial stability and systemic risk
  • 2025-04-24CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission launches tender for crypto-asset market intelligence and blockchain analysis solutions

    The Cyprus Securities and Exchange Commission has issued public tender No. 05/2025 to acquire crypto-asset market intelligence and blockchain analysis services. The tender details are available on CySEC’s website.

    Institutional developmentProcurementFintech and insurtechBlockchain and distributed ledger technology
  • 2025-04-24Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns of fraudulent Chong Hing Bank websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) issued a public alert regarding fraudulent websites and internet banking login screens linked to Chong Hing Bank Limited. The HKMA emphasized that banks do not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-04-24Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to fraudulent Dah Sing Bank websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens associated with Dah Sing Bank, Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive personal information through these channels. Individuals affected are advised to contact Dah Sing Bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-04-24Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns the public about fraudulent websites linked to Alipay Financial Services HK

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites impersonating Alipay Financial Services (HK) Limited, a stored value facility licensee. The HKMA advises individuals who interacted with these sites to contact the relevant licensee and report to the Police or the Anti-Deception Coordination Centre.

    SupervisionAlertsFraud and scams
  • 2025-04-24Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority highlights Isle of Man Treasury updates to Russia and Syria sanctions regimes

    The Isle of Man Financial Services Authority announced updates to the Russia and Syria sanctions regimes, including legislative amendments and financial sanctions updates. Firms are directed to the Isle of Man Government and Treasury websites for detailed notices and can subscribe to notifications for ongoing changes.

    Policy & regulationGuidance & interpretationSanctions list update
  • 2025-04-24GlobalBank for International Settlements

    Bank for International Settlements examines how AI copilots and AI agents may reshape central bank staffing and governance

    The Bank for International Settlements released a bulletin on AI's impact on central banks' human capital, outlining scenarios with AI copilots and autonomous agents. It emphasizes continuous retraining, cross-disciplinary collaboration, and robust AI governance. The bulletin also highlights recruitment challenges, with significant capability gaps in cybersecurity, IT, fintech, data science, and AI/machine learning.

    Policy & regulationGuidance & interpretationArtificial intelligence
  • 2025-04-24GlobalBank for International Settlements

    Bank for International Settlements and partner central banks demonstrate cross-border RTGS interoperability for synchronised FX settlement

    The Bank for International Settlements (BIS) and European central banks' Project Meridian FX showed that wholesale payment infrastructures can use distributed ledger technology to synchronise foreign exchange transactions across jurisdictions. This synchronised settlement reduces FX settlement risk and is agnostic to asset and ledger technology. Insights will inform future work programmes of the participating central banks.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket infrastructure
  • 2025-04-24IndiaReserve Bank of India

    Reserve Bank of India adds INR 200,000 cap on compounding amounts for certain FEMA contraventions

    The Reserve Bank of India amended its Master Directions on compounding contraventions under the Foreign Exchange Management Act, 1999, capping the maximum compounding amount at INR 200,000 in specified cases. This cap applies to contraventions under row 5 of the computation matrix, subject to the compounding authority's satisfaction and consideration of exceptional circumstances and public interest. Authorised Dealer Category-I banks and authorised banks must inform their constituents of the updated guidelines.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-04-24IndiaReserve Bank of India

    Reserve Bank of India issues updated Currency Distribution and Exchange Scheme incentives including up to INR 50 lakh capital reimbursement for new currency chests in remote areas

    The Reserve Bank of India updated guidelines for the Currency Distribution and Exchange Scheme (CDES), a performance-based incentive framework to enhance customer service and support the Clean Note Policy. Incentives include reimbursement for currency chest operations in specific regions, financial rewards for exchanging soiled and mutilated notes, and service charges for coin distribution and cash deposits. Operational instructions detail the calculation and invoicing processes for claiming these incentives.

    Policy & regulationRules & requirementsCurrency and cash management
  • 2025-04-24ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission consults on new early intervention measures for insurers in Early Warning System groups 2 to 4

    The Thailand Office of Insurance Commission (OIC) has introduced enhanced preventive supervision measures to bolster insurers' financial stability, targeting groups 2, 3, and 4 under the Early Warning System. These measures aim to address gaps in existing legal tools and provide a framework for intervention before capital levels fall below statutory requirements. The OIC is considering industry feedback before finalizing and communicating the measures to all insurers.

    SupervisionSupervision approach, priorities & toolkitOther
  • 2025-04-24EuropeEuropean Central Bank

    European Central Bank working paper finds mortgage refinancing lowers households’ marginal propensity to consume and could reduce cash transfer programme costs

    The European Central Bank's working paper examines mortgage refinancing's impact on households' marginal propensity to consume (MPC) using US data. Findings show MPCs decrease post-refinancing, especially for households with lower liquid assets and higher debt-to-income ratios, indicating refinancing provides liquidity that reduces consumption responses to income shocks. The paper also notes potential fiscal savings from targeted transfers to non-refinancing households, estimating significant savings for programs like the CARES Act.

    ResearchOther
  • 2025-04-24TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan hosts Eurasian central bank seminar on modern monetary policy and liquidity management

    The National Bank of the Republic of Tajikistan held a seminar in Guliston on implementing monetary and credit policy as part of its 2021–2025 strategy and the Eurasian Council's retraining programme. Attended by central bank representatives from Kazakhstan, Belarus, Tajikistan, and Russia, the event focused on experience-sharing in managing banking system liquidity and modernising monetary policy tools, including liquidity forecasting, operational monetary policy instruments, and their impact on macroeconomic indicators.

    Institutional developmentCooperation & capacity buildingCapacity building
  • 2025-04-24TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan participates in IMF Spring Meetings consultations on regional monetary conditions and climate finance

    The National Bank of the Republic of Tajikistan announced that its chairman, Firdavs Tolibzoda, participated in an IMF consultation for the Middle East and Central Asia, discussing monetary issues, economic uncertainty, and climate-related financial strategies. Additionally, Tajikistan's delegation attended a meeting with IMF Deputy Managing Director Bo Li, focusing on regional economic cooperation, green financing, and trade integration.

    Policy & regulationCooperationCross-border cooperationFinancial and market indicators
  • 2025-04-24BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance urges rural and surety insurance reforms and a climate catastrophe protection law

    The Brazilian Superintendence of Private Insurance (SUSEP) joined the launch of the National Confederation of Insurers’ third Institutional Agenda, prioritizing 2025 projects. Superintendent Alessandro Octaviani stressed the need for a legal framework for rural insurance, restructuring surety insurance, and developing protections against climate catastrophes. SUSEP supported recent legislative milestones, advocating for a climate-catastrophe framework based on national consensus and broad stakeholder involvement.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-04-24BulgariaMinistry of Finance (Bulgaria)

    Bulgaria's Ministry of Finance sets out plan for euro area entry on 1 January 2026 and reports OECD accession progress

    Bulgaria's Finance Minister Temenuzhka Petkova met with France’s Ambassador Joel Meyer, highlighting Bulgaria's readiness to adopt the euro by 1 January 2026 and advance OECD accession. The ministry expects convergence reports from the European Commission and European Central Bank in early June, while continuing technical preparations and an information campaign. France supports Bulgaria's priorities, with the French-Bulgarian Chamber of Commerce and Industry promoting euro introduction and investment opportunities.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-04-24Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina discusses World Bank and IMF cooperation and SEPA implementation at Spring Meetings

    Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina met with senior World Bank and IMF officials at the Spring Meetings. Discussions centered on cooperation to enhance financial stability, institutional capacities, and the investment environment, focusing on SEPA implementation and regional challenges like the green transition and energy security. They also addressed macroeconomic trends, inflation pressures, and alignment with EU standards for European integration.

    Policy & regulationCooperationCross-border cooperationPayments and payment systems
  • 2025-04-24South AfricaSouth African Reserve Bank

    South African Reserve Bank and National Treasury conclude G20 finance ministers meeting with plans to improve the Common Framework and monitor MDB reform

    The South African Reserve Bank and National Treasury issued a joint statement on the G20 Finance Ministers and Central Bank Governors meeting, highlighting discussions on global macroeconomic stability, international financial architecture, and Africa-specific priorities. Key outcomes include advancing a Monitoring and Reporting Framework for Multilateral Development Banks, strengthening cooperation on debt vulnerabilities, and endorsing a work programme for Africa's growth. The meeting also committed to facilitating dialogue ahead of the next G20 meeting in July 2025 in Durban, South Africa.

    Policy & regulationCooperationOther
  • 2025-04-24GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub reports Project Meridian FX results demonstrating atomic PvP FX settlement across wholesale payment infrastructures

    The Bank for International Settlements Innovation Hub published findings from Project Meridian FX, conducted with several European central banks, on how wholesale payment infrastructures can interoperate with new technologies for foreign exchange transactions. It showed that a technology-neutral synchronisation operator can coordinate atomic payment-versus-payment FX settlement across different payment systems, including between a real-time gross settlement system and a distributed ledger technology platform, without taking on credit or liquidity risk. The insights will inform the Bank of England’s work on an RTGS synchronisation interface and the Eurosystem’s programme to settle DLT-recorded transactions in central bank money.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket infrastructure
  • 2025-04-24BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority says updated sanctions decree for closed pension funds is ready pending issuance

    The Brazilian Pension Funds Authority (PREVIC) completed a draft sanctions decree for closed pension funds to enhance certainty and support risk-taking within a clearer supervisory framework. The decree aligns with recent regulatory changes, including Resolution PREVIC 23/2023 and National Monetary Council Resolution 5,202/2025, and aims to differentiate outcomes like warnings from wilful misconduct. A timeline for issuance has not been provided, and a separate draft resolution on expanding automatic enrolment is under public consultation.

    Policy & regulationRules & requirementsOther
  • 2025-04-24PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines expands allowable peso FX hedging instruments to include options and non-deliverable swaps

    The Central Bank of the Philippines’ Monetary Board approved amendments to foreign exchange regulations under BSP Circular No. 1212, expanding access to Philippine peso hedging instruments and updating FX derivatives and registration processes. The revised rules include new hedging products, relaxed maturity requirements for deliverable FX forwards, clarified rules for banks, and an online submission system for foreign investment registration. Banks have six months to comply with the new guidelines.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2025-04-24Brunei DarussalamCentral Bank of Brunei Darussalam

    Central Bank of Brunei Darussalam updates Alert List to include Tefozepoint

    The Central Bank of Brunei Darussalam has updated its Alert List to include Tefozepoint, cautioning that the entity may be mistakenly perceived as licensed or regulated by the central bank. The bank advises the public to engage only with licensed financial institutions and warns against unlicensed entities, particularly those resembling get-rich-quick or pyramid schemes.

    SupervisionAlertsSanctions list update
  • 2025-04-24VietnamVietnam State Securities Commission

    Vietnam State Securities Commission instructs three individuals to pay VND 1,000,000 licensing fee to complete Securities Practicing Certificate issuance

    The Vietnam State Securities Commission issued Notice No. 31/TB-UBCK requiring three individuals to pay a VND 1,000,000 licensing fee for a Securities Practicing Certificate, as per Ministry of Finance Circular No. 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the commission. Failure to collect the certificate within one year of the fee-payment notice will result in cancellation.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-04-24VietnamVietnam State Securities Commission

    Vietnam State Securities Commission instructs listed individuals to pay VND 1,000,000 fee to complete issuance of securities practice certificates

    Vietnam's State Securities Commission mandates individuals on a specified list to pay a VND 1,000,000 licensing fee for securities practice certificates, as per the Ministry of Finance's Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the Commission. Failure to complete the certificate issuance within one year of the fee notice will result in cancellation.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-04-24BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission publishes 2025-2026 Integra Integrity Plan focused on anti-harassment and discrimination measures

    The Brazil Securities Commission (CVM) released the fourth edition of its Integra Integrity Plan for 2025-2026, focusing on enhancing an ethical and transparent work environment. Key priorities include the Plan for the Prevention and Addressing of Harassment and Discrimination (PPEAD) and actions from the 2024 integrity survey. The plan outlines responsibilities, workflows, and actions for integrity functions within the CVM.

    Institutional developmentCooperation & capacity buildingCorporate governance
  • 2025-04-24EstoniaCentral Bank of Estonia

    Central Bank of Estonia schedules quarterly payment statistics release for first quarter of 2025

    The Central Bank of Estonia will publish a quarterly statistical release alongside its monthly payment statistics, starting with the first quarter of 2025. This release will detail key movements in payment statistics, including payments sent and received, card payments, and payees by main economic activity.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-04-24EstoniaCentral Bank of Estonia

    Central Bank of Estonia schedules second quarter 2025 payment statistics release for 24 July 2025

    The Central Bank of Estonia has announced its publication schedule for monthly payment statistics and a separate quarterly statistical release. The quarterly release will detail changes in payment statistics, including transactions and card payments by economic activity, and will be issued independently from economic policy releases.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-04-24SerbiaNational Bank of Serbia

    National Bank of Serbia Governor highlights 3.9% 2024 GDP growth, inflation back on target and record reserves at IMF Swiss Constituency meeting

    Governor Jorgovanka Tabakovic of the National Bank of Serbia highlighted Serbia's macroeconomic performance at the Swiss Constituency meeting, noting 2024 GDP growth of 3.9% and inflation within the 3% ± 1.5% target range. She reported a stable dinar exchange rate, record foreign exchange reserves, and a decline in non-performing loans to below 2.5%. Foreign direct investment reached EUR 5.2 billion, the highest in the Western Balkans, with Standard & Poor’s affirming a strong growth outlook.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2025-04-24SerbiaNational Bank of Serbia

    National Bank of Serbia meets IMF Deputy Managing Director Bo Li as IMF praises Serbia’s growth and central bank independence

    The National Bank of Serbia reported that Governor Jorgovanka Tabaković and Serbia’s First Deputy Prime Minister met with IMF Deputy Managing Director Bo Li, who praised Serbia's rapid economic growth and emphasized policy credibility and central bank independence. The IMF will continue collaborating with Serbia under the new non-financial advisory Instrument for Policy Coordination. Tabaković noted inflation within the target band, a low non-performing loan ratio, high foreign exchange reserves, and significant foreign direct investment inflows, with GDP growth driven by consumption and investment.

    Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic risk
  • 2025-04-24AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan holds open-microphone meeting with joint-stock companies on corporate governance and compliance

    The Central Bank of the Republic of Azerbaijan and the National Depository Center held an "open microphone" meeting with joint-stock companies to discuss corporate governance and legal obligations. The session addressed annual report preparation, shareholder meetings, and legal compliance. The Central Bank plans to continue these investor rights protection initiatives.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-04-24AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan sends delegation to the United States for World Bank and International Monetary Fund Spring Meetings

    A delegation from the Central Bank of the Republic of Azerbaijan, led by First Deputy Chairman Aliyar Mammadyarov, is attending the World Bank and International Monetary Fund Spring Meetings in Washington. The delegation will hold bilateral meetings with senior executives of financial and investment institutions and participate in a regional finance conference organized by the US-Azerbaijan Chamber of Commerce.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia graduates over 190 participants from the second investED Leadership Programme cycle and opens third cohort applications

    Securities Commission Malaysia completed the second cycle of its investED Leadership Programme, with over 190 graduates. The programme, a collaboration with various ministries and institutions, aims to develop a capital market talent pipeline, training 368 graduates and employing 233 over two years. The investED Foundation Programme exceeded enrolment targets, and career initiatives reached over 110,600 students nationwide.

    Policy & regulationImplementation, projects & pilotsHiring and recruitment
  • 2025-04-24Papua New GuineaBank of Papua New Guinea

    Bank of Papua New Guinea outlines FATF mutual evaluation remediation plan amid observation period ending October 2025

    The Bank of Papua New Guinea identified major deficiencies in the country's anti-money laundering and counter-terrorism financing framework after a Financial Action Task Force evaluation, prompting a cross-government remediation programme through October 2025. Key initiatives include a Strategic Implementation Plan with 73 actions, a National Coordination Committee, and regulatory enhancements, with ongoing monitoring by the Financial Analysis and Supervision Unit and the Department of Justice and Attorney General.

    Policy & regulationImplementation, projects & pilotsAML and CFT
  • 2025-04-24CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario submits Fraud Reporting Service Rule to the Minister of Finance for approval

    The Financial Services Regulatory Authority of Ontario (FSRA) has submitted its proposed Fraud Reporting Service Rule to the Ontario Minister of Finance for approval, mandating auto insurers to report specified fraud information. The rule aims to quantify auto insurance fraud, identify trends, and establish a baseline for tracking and reduction. FSRA plans collaboration with industry and government for implementation upon approval.

    Policy & regulationRules & requirementsFraud and scams
  • 2025-04-24GlobalUnited Nations Environment Programme Finance Initiative

    United Nations Environment Programme Finance Initiative publishes Annual Overview 2024 highlighting work with over 550 financial institutions

    The UNEP FI released its Annual Overview 2024, detailing milestones and partnerships in sustainable finance across banking, insurance, investment, and nature-related finance. The report highlights support for over 550 financial institutions and initiatives like the Responsible Banking Blueprint and net-zero insurance practices. UNEP FI’s head, Eric Usher, emphasized the evolving landscape of sustainable finance.

    OtherClimate risk and sustainable finance
  • 2025-04-24GlobalSustainable Insurance Forum

    Sustainable Insurance Forum secretariat to be hosted by UNDP’s new Project Office for Sustainable Finance in Dublin backed by EUR 7.5 million Irish funding

    Ireland’s Finance Minister and the UNDP announced a UNDP Project Office for Sustainable Finance in Dublin, supported by EUR 7.5 million in Irish Government funding over 2025–2027. The office will host the secretariats of the Sustainable Insurance Forum and UNDP’s Financial Centres for Sustainability, aiming to connect financial institutions, regulators, and public agencies across over 40 countries with tools and insights to mobilise capital for sustainable development goals.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-04-24GlobalWorld Federation of Exchanges

    World Federation of Exchanges policy paper says CBDCs could underpin tokenised asset markets but require investment legal updates and cross border coordination

    The World Federation of Exchanges published a policy paper suggesting that central bank digital currencies (CBDCs) could enhance tokenised markets by offering a digital settlement method free from credit and liquidity risks. The paper highlights the need for industry investment in modernising systems, legislative changes for CBDC recognition, and cross-border coordination to address oversight and legal challenges.

    Policy & regulationReform agendas & prioritiesCBDCTokenization
  • 2025-04-24ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges Hydrotek shareholders to scrutinise private placement at THB 0.80 per share after IFA recommends rejection

    The Thailand SEC advised Hydrotek shareholders to scrutinize information and vote at the AGM on a private placement. The independent financial advisor recommended rejecting the proposal, citing the offer price of THB 0.80 per share as below the fair value range of THB 1.07 to THB 1.30. Despite the board's support to bolster cashflows and capital structure, the IFA highlighted project uncertainties and deemed the price inappropriate.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-04-24ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission reviews 37 Thai ESG Extra Fund applications ahead of 2 May 2025 launches and LTF transfers

    The Thailand Securities and Exchange Commission is reviewing applications from 19 asset management companies to establish 37 Thailand ESG Extra Funds (Thai ESGX), with IPOs and LTF unit transfers starting on 2 May 2025. The SEC approved a new FundConnext feature for investors to check tax-benefit fund holdings via the Stock Exchange of Thailand website. Thai ESGX funds must invest at least 80% of net asset value in environmentally or sustainably focused assets, with specific tax deductions for new investors and LTF unitholders.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-04-24NamibiaBank of Namibia

    Bank of Namibia’s April 2025 Financial Stability Report finds the financial system resilient in 2024 and advances countercyclical buffer and growth-at-risk tools

    The Bank of Namibia's April 2025 Financial Stability Report confirms the stability of Namibia's financial system in 2024, despite global vulnerabilities. The banking and non-bank financial sectors showed strength, with improved asset quality and growth in aggregate assets. The report highlights macroprudential measures, including preparations for a countercyclical capital buffer framework and adopting a growth-at-risk model for enhanced surveillance.

    ResearchFinancial stability and systemic riskMacroprudential policy and tools
  • 2025-04-24CanadaDepartment of Finance (Canada)

    Canada's Department of Finance concludes G7 and G20 finance meetings with Canada co-chairing the G7 under its 2025 presidency

    Finance Minister François-Philippe Champagne concluded his participation in the G7 and G20 Finance Ministers and Central Bank Governors meetings in Washington, D.C., focusing on global economic outlook and trade policy changes. As part of Canada's 2025 G7 presidency, Champagne co-chaired the G7 meeting with Bank of Canada Governor Tiff Macklem, addressing economic uncertainty and the Ukraine situation. The G20 session discussed macroeconomic risks, financial stability, and growth opportunities in Africa.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24HungaryNational Bank of Hungary

    National Bank of Hungary reports 2024 current account surplus rose to 2.2% of GDP and net external debt fell to about 10%

    The National Bank of Hungary's April 2025 Balance of Payments report shows an improved external position for Hungary in 2024, with a current account surplus of 2.2% of GDP and a net lending position of 2.6% of GDP. Key factors include reduced energy and income balance deficits and a near-equilibrium general government primary balance. Despite lower net foreign direct investment inflows, net external debt decreased to about 10% of GDP, and international reserves reached EUR 44.6bn.

    Data & statisticsBalance of payments and other external statistics
  • 2025-04-24HungaryNational Bank of Hungary

    National Bank of Hungary and Oesterreichische Nationalbank hold workshop on Western Balkans EU integration and reform priorities

    The National Bank of Hungary and the Oesterreichische Nationalbank hosted a workshop on EU integration in the Western Balkans, involving central banks, the European Central Bank, and regional stakeholders. Discussions emphasized reform needs, efficient regulation, innovation support, and convergence with EU standards. Panels covered payment infrastructure, geopolitical roles, trade impacts, and accession obstacles, including the EU-funded Reform and Growth Facility.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns that SM Trading Center is not registered to deal or advise in securities

    The New Brunswick Financial and Consumer Services Commission issued a warning that SM Trading Center, also known as Stanford Markets, is not registered to deal or advise in securities in New Brunswick. The Commission also flagged websites maplefinhub.com and maplefinsteps.com for directing users to SM Trading Center, advising investors to verify registration status via the National Registration Search tool.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-04-24GlobalFinancial Centres for Sustainability

    UNDP Financial Centres for Sustainability secretariat to be hosted at new UNDP Project Office for Sustainable Finance in Dublin backed by EUR 7.5 million from Ireland

    UNDP Financial Centres for Sustainability announced a UNDP Project Office for Sustainable Finance in Dublin, funded by EUR 7.5 million from the Irish Government for 2025–2027. The office will connect financial institutions, regulators, and public agencies with tools and insights to mobilize capital for climate and sustainable development, hosting the secretariats of FC4S and the Sustainable Insurance Forum.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-04-24United StatesU.S. Department of Justice

    U.S. Department of Justice sentences Biscayne Capital founder Roberto Cortes to 10 years in prison and orders USD 103 million restitution

    The U.S. Department of Justice sentenced Roberto Gustavo Cortes Ripalda, former CEO of Biscayne Capital, to 10 years in prison for conspiracy to commit wire fraud, with USD 3.4 million in forfeiture and USD 103 million in restitution. Cortes and co-defendant Ernesto Heraclito Weisson Pazmino operated a Ponzi-style scheme, misleading investors about their real estate business, resulting in over USD 155 million in losses. The investigation was led by IRS Criminal Investigation with international assistance.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-04-24VietnamState Bank of Vietnam

    State Bank of Vietnam establishes banking-sector steering committee for innovation, digital transformation and Project 06

    The State Bank of Vietnam held the inaugural meeting of the banking sector's steering committee on science and technology development, digital transformation, and "Project 06," establishing implementation priorities. Progress under Decision 1364 was reviewed, including a draft decree on a controlled testing mechanism and a 2025 programme for developing SBV circulars. The Governor emphasized digitalization, information security, legal framework amendments, and international cooperation, directing institutions to enhance data connectivity, biometric verification, technology infrastructure, and cybersecurity measures.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
  • 2025-04-24VietnamState Bank of Vietnam

    State Bank of Vietnam meets Agricultural Bank of China and calls for expanded lending to Vietnam’s key infrastructure projects

    The State Bank of Vietnam met with Agricultural Bank of China Limited to discuss the Hanoi branch's activities and enhance Vietnam–China banking cooperation. The central bank emphasized increasing credit for Vietnam's infrastructure projects to boost bilateral trade and investment. Both banks committed to leveraging their networks to support Chinese enterprises in Vietnam while adhering to local regulations.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24VietnamState Bank of Vietnam

    State Bank of Vietnam hosts Government Youth Union roundtable on delivering 8% GDP growth in 2025

    The State Bank of Vietnam hosted a Government Youth Union roundtable to analyze factors affecting the 2025 GDP growth target of 8% and discuss young officials' roles in policy design. Deputy Governor Pham Tien Dung emphasized the need for practical policies and encouraged youth to propose innovative ideas during economic reforms. Economist Tran Dinh Thien and other representatives also contributed to the discussions.

    Institutional developmentCooperation & capacity buildingOther
  • 2025-04-24RussiaCentral Bank of Russia

    Central Bank of Russia reports SBP transactions topping RUB 22.6 trillion in 2025 Q1 as own-account transfers reach 40%

    The Central Bank of Russia's 2025 Q1 data for the Faster Payments System (SBP) shows a rise in household usage, especially fee-free transfers between individuals' accounts at different banks, making up 40% of transfers. Over four billion transactions worth RUB 22.6 trillion occurred, with volumes rising 1.6 times and values more than doubling year on year. Person-to-person transfers are used by 70% of Russians, and SBP purchases by 50%, with the SBP loyalty program distributing RUB 500 million in cashback in Q1 and RUB 4 billion over the past year.

    Data & statisticsActivity and performance reporting
  • 2025-04-24United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation and Board of Governors of the Federal Reserve System withdraw 2023 joint statements on banks’ crypto-asset activities

    The Federal Deposit Insurance Corporation and the Federal Reserve Board have withdrawn two joint statements on banks' crypto-asset activities, clarifying that banks may engage in permissible crypto activities consistent with safety and soundness. The withdrawn statements, from January and February 2023, addressed crypto-asset and liquidity risks. Further clarification is being explored with the Office of the Comptroller of the Currency.

    Policy & regulationGuidance & interpretation
  • 2025-04-24CanadaPayments Canada

    Payments Canada says Real-Time Rail build is 60% complete and moves into internal testing ahead of Q3 2025 completion

    Payments Canada reported the Real-Time Rail (RTR) program's technical build is 60% complete and on track for Q3 2025 completion, with internal testing to follow. The update highlights progress on centralized fraud services and a framework for participant connection and settlement options, including direct and indirect clearing through the Bank of Canada. Expanded membership eligibility follows amendments to the Canadian Payments Act and the introduction of the Retail Payment Activities Act.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-04-24NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority closes AutoStore reporting review and flags order intake and backlog metrics as alternative performance measures

    The Norwegian Financial Supervisory Authority reviewed AutoStore Holdings Ltd’s financial reporting, identifying "Order intake" and "Order backlog" as alternative performance measures under European Securities and Markets Authority Guidelines. The authority criticized the company's disclosure practices and noted plans for enhanced future reporting, including correcting missing disclosures on remaining performance obligations under IFRS 15. AutoStore must provide follow-up on these disclosures in upcoming financial reports.

    SupervisionReviews, inspections & stress testsFinancial and market indicatorsRegulatory reporting
  • 2025-04-24United StatesFederal Reserve Board

    Federal Reserve Board withdraws supervisory guidance on banks’ crypto-asset and dollar token activities and ends related notification and nonobjection expectations

    The Federal Reserve Board has withdrawn supervisory guidance on banks' crypto-asset and dollar token activities, shifting oversight to the normal supervisory process. It rescinded its 2022 and 2023 supervisory letters and, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, withdrew from two 2023 joint interagency statements on crypto-asset risks. The Board will collaborate with other federal banking agencies to evaluate the need for further guidance to support innovation in crypto-asset activities.

    Policy & regulationGuidance & interpretationFintech and insurtechSupervision process and methodologies
  • 2025-04-24ChileChile Financial Market Commission

    Chile Financial Market Commission requires supervised entities to submit regulatory information via the new CMF Supervisa platform from 1 May 2025

    The Chile Financial Market Commission has introduced CMF Supervisa, a mandatory platform for information submission by supervised entities starting 1 May 2025. CMF Supervisa will replace the current Online Information Submission System and Extranet. Entities must verify or update their legal representative via CMF Sin Papel before the transition.

    SupervisionRegulatory reporting
  • 2025-04-24ArgentinaMinistry of Finance (Argentina)

    Argentina's Ministry of Finance conducts IMF Spring Meetings bilateral talks and joins IMF Financial Stability Board Early Warning Exercise

    Argentina's Ministry of Finance reported that Economy Minister Luis Caputo and Finance Secretary Pablo Quirno participated in the 2025 IMF and World Bank Spring Meetings in Washington, DC. Key topics included Argentina’s IMF programme, international economic policy, and potential benefits from an EU-Mercosur agreement. Meetings were held with France’s Minister of Finance, Germany’s Finance Minister, IMF officials, and other stakeholders.

    Policy & regulationCooperationOther
  • 2025-04-24ArgentinaMinistry of Finance (Argentina)

    Argentina’s Ministry of Finance reports Central Bank profit of ARS 19.4 trillion and ARS 11.7 trillion made available for Treasury debt repayment

    Argentina's Ministry of Finance announced that the Central Bank of the Argentine Republic (BCRA) achieved a profit of ARS 19.4 trillion in fiscal year 2024, reversing a previous loss. ARS 11.7 trillion was allocated to the National Government for potential Treasury debt repayment, while ARS 7.7 trillion was designated for rebuilding capital and reserves. Debt to the private sector and international organisations decreased from 56.5% of GDP in November 2023 to 40.8% in February 2025, due to fiscal surplus, increased economic activity, debt repayments, and a stronger currency.

    Monetary policyOtherFinancial and market indicatorsActivity and performance reporting
  • 2025-04-24United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission announces jury verdict finding Cutter Financial Group and Jeffrey Cutter liable under Advisers Act Section 206(2)

    The U.S. Securities and Exchange Commission announced a jury verdict finding investment adviser Jeffrey Cutter and Cutter Financial Group, LLC liable for violating Section 206(2) of the Investment Advisers Act of 1940 due to undisclosed commissions and conflicts of interest. The jury ruled in favor of the defendants on claims under Sections 206(1) and 206(4). The SEC emphasized its commitment to addressing investment adviser misconduct.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-04-24ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission confirms final rules for virtual asset service providers with full entry into force expected by end-2025

    Argentina Securities Commission President Roberto E. Silva outlined the CNV's regulatory approach to virtual asset service providers, emphasizing full compliance by end-2025. Silva reviewed developments since Law No. 27.739, including the creation of a PSAV register and approval of final rules. The forum addressed sector changes, market behavior, and challenges, with discussions on FATF recommendations and enhanced measures for 2025.

    Policy & regulationRules & requirementsAML and CFT
  • 2025-04-24QatarQatar Financial Markets Authority

    Qatar Financial Markets Authority CEO marks handover of UASA presidency to Algeria as board reviews Islamic sukuk and KYC initiatives

    The Qatar Financial Markets Authority's CEO, H.E. Dr. Tamy Bin Ahmad Al-Binali, participated in the 19th annual Union of Arab Securities Authorities Board meeting, marking the end of Qatar's presidency. The meeting reviewed 2024 activities and discussed draft guidelines for Islamic sukuk, KYC due diligence, and cooperation on financial technology and cybersecurity.

    Policy & regulationCooperation
  • 2025-04-24MoldovaNational Bank of Moldova

    National Bank of Moldova joins IMF and World Bank Constituency meeting to coordinate positions on geopolitical risks, climate goals and digitalisation

    The National Bank of Moldova, led by Governor Anca Dragu, participated in the IMF and World Bank Constituency meeting, discussing economic and geopolitical challenges. Moldova reaffirmed its commitments to economic stability, sustainability, and European integration, while supporting Ukraine amid geopolitical risks. Discussions also addressed digitalisation and AI impacts, with Moldova highlighting financial system modernization and maintaining high regulatory standards.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-04-24MoldovaNational Bank of Moldova

    National Bank of Moldova reviews IMF-supported programme and FSAP with IMF Deputy Managing Director Kenji Okamura

    National Bank of Moldova Governor Anca Dragu met with IMF Deputy Managing Director Kenji Okamura in Washington to discuss Moldova's IMF-supported programme and broader cooperation, including the Financial Sector Assessment Program (FSAP). Discussions focused on IMF technical assistance, macroeconomic framework, energy independence, and resilience strategies. The meeting was part of the National Bank of Moldova's participation in the IMF–World Bank Spring Meetings.

    Policy & regulationCooperationCross-border cooperation
  • 2025-04-24BangladeshBangladesh Securities & Exchange Commission

    Bangladesh Securities and Exchange Commission consults on requiring consolidated customer account interest to be channelled to investor protection and education

    The Bangladesh Securities and Exchange Commission proposed amendments to the Securities and Exchange Rules, 2020, regarding interest on consolidated customers’ accounts for stock brokers and dealers. The draft mandates 25% of net interest income go to the Investors’ Protection Fund and 75% to investor education, with quarterly reporting to the exchange and Commission. Stakeholders are invited to provide feedback.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-04-24GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub publishes Meridian FX findings on synchronised PvP FX settlement across RTGS and DLT

    The Bank for International Settlements Innovation Hub released a report on Project Meridian FX, testing a "synchronisation operator" for payment versus payment foreign exchange settlement across various ledger technologies. Involving the Bank of England, Bank of France, Deutsche Bundesbank, Bank of Italy, and the European Central Bank, the project demonstrated potential cost, risk, and time reductions in cross-border FX settlement, highlighting interoperability between real-time gross settlement systems and distributed ledger technology platforms.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket infrastructure
  • 2025-04-24South KoreaBank of Korea

    Bank of Korea releases April 2025 Business Survey Index and Economic Sentiment Index

    The Bank of Korea released its April 2025 report on the Business Survey Index and the Economic Sentiment Index. The report includes detailed results for the Business Survey Index, Composite Business Sentiment Index, and Economic Sentiment Index.

    Data & statisticsEconomic data and developments
  • 2025-04-24GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub and European central banks demonstrate interoperable RTGS linkages for synchronised FX settlement

    The Bank for International Settlements Innovation Hub, with several European central banks, published findings from Project Meridian FX showing that wholesale payment infrastructures can interoperate for foreign exchange transactions using distributed ledger technology for synchronized settlement. This approach, reducing FX settlement risk, may inform future central bank work and aligns with the Group of 20 cross-border payments roadmap.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket infrastructure
  • 2025-04-24Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury announces delisting of 10 entries under the Syria financial sanctions regime

    The Isle of Man Treasury announced the removal of 10 entries from the Syria financial sanctions regime, lifting the asset freeze on these individuals. The Syria (Sanctions) (EU Exit) Regulations 2019, applicable via the Sanctions (Implementation of UK Sanctions) Regulations 2024, require immediate asset freezing for suspected matches to the UK sanctions list, with reporting obligations to the Financial Intelligence Unit. The notice emphasizes the importance of sanctions screening, including ownership or control by designated persons, and warns against attempts to circumvent sanctions.

    Policy & regulationRules & requirementsSanctions list update
  • 2025-04-24PalestinePalestine Monetary Authority

    Palestine Monetary Authority Governor urges the IMF to strengthen support for Palestine and upgrade its IMF representation

    At the IMF and World Bank Spring Meetings, Palestine Monetary Authority Governor Yahya Shunnar urged the IMF to address pressures on the Palestinian economy and banking sector, and called for increased Palestinian representation. He highlighted challenges from economic conditions and Israeli aggression, emphasizing the need for international financial support. IMF Managing Director Kristalina Georgieva acknowledged these concerns and committed to developing mechanisms to address them.

    Policy & regulationCooperationOther
  • 2025-04-23BulgariaBulgaria Financial Supervision Commission

    Bulgaria Financial Supervision Commission approves Metizi IPO prospectus and expands European Insurance Company’s licence for vessel insurance

    The Bulgaria Financial Supervision Commission approved Metizi AD's IPO prospectus and extended European Insurance Company AD's licence for additional vessel-related insurance. It will implement new EU supervisory guidelines and set the minimum yield for mandatory pension funds for the 2023-2025 period. The Commission also approved new board members for two REITs and aligned supervisory practices with European guidelines.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-04-23UruguayCentral Bank of Uruguay

    Central Bank of Uruguay and Ministry of Economy and Finance convene first 2025 Sustainable Finance Roundtable meeting on climate risk integration and capital mobilisation

    The Central Bank of Uruguay and the Ministry of Economy and Finance convened the thirteenth Sustainable Finance Roundtable, focusing on integrating sustainability in banking, insurance, and pension funds. Discussions emphasized managing environmental and climate risks and mobilizing capital for sustainable investments. The United Nations Development Programme will support capacity-building through a Green Climate Fund project.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-04-23SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission opens consultation on new statistical reporting circular for EU collective investment institutions that would repeal Circulars 5/2014 and 5/2008

    The Spanish Securities Commission (CNMV) has initiated a public consultation on a draft circular to update statistical reporting for EU collective investment institutions, aligning with European Central Bank Regulation (EU) 2024/1988. The draft mandates returns from all collective investment entities and amends templates to comply with Regulation (EU) 2024/1988 and collect additional data for Regulation (EU) 1011/2012. It outlines size-based exemptions and potential sanctions for non-compliance under the European Central Bank Statistical Regulation.

    Policy & regulationRules & requirementsRegulatory reporting