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2025-04-23•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority's 2025-2026 Business Plan outlines priorities like international regulatory alignment, financial crime prevention, operational resilience, and sustainable finance. It emphasizes engagement with global standard-setting bodies, enhanced supervisory and enforcement capabilities, and expanded SupTech and RegTech. The plan supports green finance and updates regulations to incorporate climate-related risk management aligned with the UAE’s net-zero goals.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2025-04-23•Middle East•Islamic Development Bank
Islamic Development Bank President Muhammad Al Jasser, at an IMF meeting with MENAP finance ministers and central bank governors, detailed the Bank's US$87.8 billion net approvals for MENAP, emphasizing economic diversification and structural transformation. Energy, industry, and agriculture dominate 80% of the MENAP portfolio, focusing on reducing hydrocarbon reliance and supporting structural reforms. Islamic finance, with over US$52 billion in sukuk issued, is highlighted as a key tool for bridging financing gaps and funding sustainable development projects.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2025-04-23•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Land Department (DLD) warned against false claims of involvement in the DLD Real Estate Tokenisation Project, which began on 19 March 2025 with limited approved participants. Only entities approved by DLD and VARA are authorized, and unauthorized marketing may breach VARA rules, including the Marketing Regulations. Firms must be licensed by VARA to conduct virtual asset activities in or from Dubai, with potential enforcement actions for non-compliance.
SupervisionAlerts
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2025-04-23•Barbados•Central Bank of Barbados
The Central Bank of Barbados issued an alert regarding a fraudulent video on WhatsApp impersonating the Governor and soliciting funds. The Bank advises the public to disregard the video and refrain from sharing personal information. It is collaborating with authorities to investigate and emphasizes that official communications are only through authorized channels.
SupervisionAlertsFraud and scams
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2025-04-22•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority concluded its 2025 "Kapital" workshop series for primary school pupils, reaching 308 students across six cities. The program, in its third year, utilized the "Kapital" board game to teach financial concepts and money management. A multi-day competition for participating schools is scheduled for May 2025.
Financial literacy & educationFinancial literacy and education
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2025-04-22•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the Full Federal Court allowed Block Earner’s appeal, ruling its digital asset-related Earner product doesn't require an Australian financial services licence, overturning a previous decision. ASIC's appeal on Block Earner's liability for unlicensed conduct was dismissed, as the penalty-relief issue was deemed moot. ASIC must pay the proceedings' costs and is reviewing the decision.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-22•Greece•Bank of Greece
The Bank of Greece reported a EUR 90.0 million surplus in Greece’s balance of travel services for February 2025, down from EUR 121.3 million in February 2024, due to faster growth in travel payments compared to receipts. February travel receipts rose by 0.5% year-on-year to EUR 297.1 million, while payments increased by 18.9% to EUR 207.0 million. Receipts from non-EU27 countries increased, notably from the United States and the United Kingdom, while those from EU27 countries declined.
Data & statisticsBalance of payments and other external statistics
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2025-04-22•Israel•Bank of Israel
The Bank of Israel updated its inflation expectations indicators, showing one-year expectations of 1.8% from the capital market, 1.9% from average inflation forecasts, and 2.2% from internal interest rates and inflation contracts. The indicators, derived from various sources, also reveal forward rates of 2.4% for the third-year, 2.4% for years 3–5, 2.3% for five years, and 2.1% for years 5–10.
Data & statistics
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2025-04-22•Israel•Bank of Israel
The Bank of Israel has extended the public consultation deadline for its Preliminary Design for the Digital Shekel System from 30 April 2025 to 15 May 2025, allowing more time for feedback via a dedicated questionnaire. The document outlines proposed features of the digital shekel ecosystem, but further design work and collaboration with public and private sectors would be necessary for implementation.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-04-22•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) reviewed investor Key Information Documents (DFI) of collective investment institutions and venture capital entities for compliance with EU PRIIPs regulations. While disclosures generally aligned with requirements, issues were found in derivative use, risk level statements, and cost disclosures. CNMV has urged management companies to enhance their DFI drafting procedures and will maintain supervisory focus on this area.
SupervisionReviews, inspections & stress testsDisclosures
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2025-04-22•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market amended regulations to enhance oversight of depository and clearing activities and mandated XBRL format for financial reporting. It approved securities issuance registrations and updates to collective investment share prospectuses, including for JSC ZNVCIF Investment Territory of Health and JSC ZNVCIF Galenit Invest. Additionally, corporate bond issues for LLC Creditservice and LLC AMO Leasing were registered without public offerings.
Policy & regulationRules & requirementsSecurities offerings and listingsDisclosures
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2025-04-22•Georgia•National Bank of Georgia
The National Bank of Georgia published the April editions of its Current Macroeconomic Review and Financial Sector Review. These reports aim to enhance analytical communication and provide data for economic analysis.
ResearchEconomic data and developments
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2025-04-22•Georgia•National Bank of Georgia
The National Bank of Georgia reported a meeting in Washington, D.C. between Governor Natia Turnava, Finance Minister Lasha Khutsishvili, and senior IMF representatives, discussing Georgia’s macroeconomic conditions. Officials noted low inflation and robust growth, crediting price stability to consistent monetary policy, and highlighted international reserves exceeding USD 4.4 billion. The IMF reaffirmed its support for Georgia, with the banking sector described as stable and profitable.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-22•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has revamped its Appellate Bench Registry, enhancing operations with a dedicated team and streamlined processes to expedite case handling. This initiative resolved long-pending appeals and cleared a backlog from 2012 to 2020. Additionally, the Registry developed a digital repository of appellate decisions and reviewed the SECP (Appellate Bench Procedure) Rules, 2003, with proposed amendments under finalization.
Institutional developmentTechnology & data transformationOperational excellence
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2025-04-22•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) and the Mutual Funds Association of Pakistan (MUFAP) discussed a reform roadmap for the mutual fund industry, emphasizing transparency, investor protection, and financial inclusion. Key initiatives include a Market Development Fund to boost public engagement, enhanced investor outreach through fintech, and a shift towards shariah-compliant practices.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial inclusion
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2025-04-22•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) and the Rawalpindi Chamber of Commerce & Industry (RCCI) held an awareness session to promote business formalization through company or Limited Liability Partnership registration. They proposed a Memorandum of Understanding to enhance corporate literacy and combat Ponzi schemes, urging RCCI members to report suspicious activities. A follow-up session for women entrepreneurs is planned, with RCCI seeking tailored presentations on incorporation for small businesses.
Financial literacy & educationMarket development
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2025-04-22•Italy•Bank of Italy
The Bank of Italy outlined its participation in the World Bank and International Monetary Fund Spring Meetings in Washington, DC, including the G7 and G20 meetings of Finance Ministers and Central Bank Governors. Governor Fabio Panetta's remarks for the World Bank-IMF Development Committee are available in English.
OtherCross-border cooperation
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2025-04-22•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia adopted its 2024 Annual Report and Banking System Risk Report, approving regulatory changes for cross-border payments to facilitate participation in the Single Euro Payments Area (SEPA). These amendments eliminate mandatory documentation for most foreign payments and ensure funds are credited by the next business day. The reports highlight a slowdown in inflation to 3.5%, GDP growth of 2.8%, and a stable banking system with a capital adequacy ratio of 18.9%, while emphasizing the need for ongoing risk monitoring.
Policy & regulationRules & requirementsActivity and performance reportingFinancial stability and systemic risk
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2025-04-22•Africa•GABAC
GABAC is conducting a training program in Brazzaville from 21 to 25 April for intelligence officers from CEMAC member countries to enhance their capacity to combat money laundering, terrorist financing, and proliferation financing. The program aims to improve the technical and legal tools for processing suspicious transaction reports and is part of a strategic plan adopted by CEMAC ministers to reinforce national agency autonomy.
Policy & regulationImplementation, projects & pilotsAML and CFTCapacity building
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2025-04-22•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners released its 2023 Report on Profitability by Line by State for the property and casualty insurance industry. The report highlights a 14th consecutive year of growth in total premiums earned, with a countrywide direct return on net worth increasing to 7.9% from 4.8% in 2022. Private passenger auto accounts for 33% of total direct premiums earned, and homeowners insurance direct return on net worth rose to 4.0% from 0.7% in 2022.
ResearchFinancial and market indicatorsSupervisory data
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2025-04-22•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has suspended UNIPRO Capital a.s. securities (ISIN: SK4000023263) from trading on the Luxembourg Stock Exchange. This enforcement action, under the Law of 30 May 2018 on markets in financial instruments, was due to the issuer's failure to disclose required information since the securities' admission on 15 June 2023.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-22•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) released its 2024 report on insurance and reinsurance distributor training, highlighting increased e-learning volumes and supervisory findings. The report notes a rise in initial qualification enrolments and approvals, with a 91.8% approval rate, while new insurance distributor registrations decreased. ASF identified weaknesses in some final exam questions but found distance-learning platforms adequate.
SupervisionReviews, inspections & stress testsOther
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2025-04-22•Portugal•Bank of Portugal
The Bank of Portugal's 2024 Report on Cash Issuance highlights a decline in net banknote issuance and an increase in net coin issuance, with statistics on production, cash flows, and counterfeiting. Valora produced 165.5 million EUR 20 banknotes, while banknote inflows and outflows were EUR 9,740 million and EUR 5,648.9 million, respectively. The central bank conducted 614 inspections, destroyed unfit banknotes, and identified 11,039 counterfeit banknotes and 2,601 counterfeit coins.
Data & statisticsCurrency and cash management
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2025-04-22•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has banned Kao Cheng Yung, a former senior manager at CSC Futures (HK) Limited, from the industry for six months due to AML/CFT and regulatory failures at CSC between 2017 and 2018. This follows previous SFC sanctions against CSC, including a reprimand and a $4.95 million fine, for inadequate client monitoring and failure to manage money laundering and terrorist financing risks. The SFC emphasized the seriousness of these failures and the need for deterrence.
EnforcementInvestigations & enforcement actionsAML and CFTCorporate governance
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2025-04-22•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 appointed Andrey V. Galyapin, Askar Zh. Aisabekov, and Zeynab R. Musaeva as members of an executive body in the securities market.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-22•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 approved Kymbat Nakysbekovna Ualikhanova as deputy chief accountant in the banking sector.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-22•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that AIFCAP Managers Ltd has initiated dissolution and liquidation proceedings for the investment compartment XSPOT CAPITAL. The compartment will remain in the Registered Alternative Investment Funds Registry under RAIF28 with an "under liquidation" notice until the process is completed. CySEC will remove it from the registry once all necessary documents are submitted.
SupervisionAuthorisations & approvalsRecovery and resolution
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2025-04-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen reported by The Bank of East Asia, Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Customers who interacted with the fraudulent site are advised to contact the bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a warning about 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 via phone, email, or SMS. Customers who interacted with the fraudulent site are advised to contact the bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a public alert regarding a fraudulent website and internet banking login screen linked to Chong Hing Bank Limited. Customers are reminded that banks do not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-22•Ghana•Bank of Ghana
Dr. Johnson Pandit Asiama of the Bank of Ghana proposed shifting Africa–U.S. economic engagement from commodity-led trade to value-added production, emphasizing macroeconomic stability, financial resilience, trade integration, and digital transformation. He highlighted Ghana's trade performance under the African Growth and Opportunity Act (AGOA) and called for U.S.–Africa Trade Finance Hubs to support SMEs. AGOA's renewal and collaboration with the new U.S. administration were seen as opportunities to enhance value-added exports and digital trade.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-04-22•Ghana•Bank of Ghana
At the African Consultative Group Meeting, Bank of Ghana Governor Dr. Johnson Asiama highlighted rising debt vulnerabilities in developing countries, especially in Africa, and called for stronger IMF support and improved debt sustainability frameworks. He emphasized effective debt restructuring, relief processes, and urged refinements to the IMF’s debt sustainability toolkit, including better climate risk incorporation and enhanced early warning systems. The Governor also advocated for streamlining the G20 Common Framework and improving debt transparency and private creditor participation.
Policy & regulationReform agendas & priorities
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2025-04-22•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority stressed the need for licensing, authorization, or registration before conducting financial services or designated business activities. Under the Financial Services Act 2008 and Insurance Act 2008, licenses are required, while designated businesses must register under the Designated Businesses (Registration and Oversight) Act 2015. Compliance with anti-money laundering and counter-terrorism financing requirements is crucial, with penalties up to GBP 5,000 for non-compliance.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-04-22•India•Reserve Bank of India
The Reserve Bank of India has amended its directions on compounding contraventions under the Foreign Exchange Management Act, 1999, removing the linkage of compounding amounts to previous orders and treating cases as fresh applications. The amendments require additional applicant information to address reconciliation and processing delays. Authorised Dealer Category-I banks and authorised banks must inform their constituents of these revised guidelines.
Policy & regulationRules & requirementsRegulatory reporting
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2025-04-22•India•Reserve Bank of India
The Reserve Bank of India has directed banks to migrate their internet domains to the exclusive ".bank.in" domain to enhance cybersecurity and combat digital payment fraud. The Institute for Development and Research in Banking Technology will manage the domain registration, authorized by the National Internet Exchange of India. This applies to all commercial, primary (urban) co-operative, state co-operative, and district central co-operative banks.
Policy & regulationRules & requirementsCyber resilience
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2025-04-22•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland's SORCE Insights report reveals that 64% of surveyed firms anticipate tariffs will increase costs, raise prices, and reduce demand. Among these, 85% foresee higher input costs, 75% plan to raise prices, and 60% expect decreased demand, with minimal employment impact. Common strategies include passing costs to customers, sourcing domestically, and advancing purchases.
ResearchEconomic data and developments
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2025-04-22•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) launched a pilot "road safety model area" in Prachinburi with local authorities and the Thailand Development Research Institute to boost compulsory motor insurance uptake and improve road safety. The initiative aims to research local risk factors, enhance public understanding, and coordinate actions to prevent accidents, addressing the 79.97% vehicle and 68.51% motorcycle insurance coverage rates. The project will serve as a prototype for expansion, focusing on enforcement, speed control, and closing coverage gaps.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-22•Middle East•Arab Monetary Fund
The Arab Monetary Fund signed a Memorandum of Understanding with the Inter-American Development Bank to enhance cross-regional cooperation on financial development in Latin America, the Caribbean, and the Arab region, focusing on payment systems, climate finance, and public sector asset management. The agreement includes linking payment platforms, advancing climate finance research, and modernizing treasury operations through joint technical assistance and events.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-22•Europe•European Central Bank
The European Central Bank (ECB) released updates on market infrastructure, legislative advice, statistics, corporate governance, and banking supervision. Key developments include the Eurosystem Collateral Management System's progress towards a 16 June 2025 launch and the ECB's intent to comply with EBA Guidelines on governance and controls by 30 December 2025. Additionally, the ECB adopted its 2024 Annual Report, issued opinions on EU settlement cycle amendments, and made recommendations on external auditors for Lietuvos bankas and Latvijas Banka.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2025-04-22•Europe•European Central Bank
The European Central Bank's discussions with 79 leading non-financial euro area companies show gradual business momentum improvement, driven by a nascent industry recovery. While consumer spending signals remain mixed, early signs of recovery in machinery orders and construction activity are noted, alongside moderate price growth and easing hiring difficulties. Companies are cautiously optimistic about increased defence spending, though tariffs pose a risk, potentially leading to investment pauses and higher prices.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-04-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan conducted a seminar to introduce the "Procedure and norms for deducting contributions to insurance reserve funds" to insurance organisations. This framework aims to standardise reserve fund formation, support tax processes, and align practices with international standards, enhancing insurers' financial stability and solvency.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-22•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
Brazil’s Finance Minister Fernando Haddad met with the Brazilian Superintendence of Private Insurance (SUSEP) to discuss strategic issues for the insurance sector's development and SUSEP’s regulatory role. Haddad underscored SUSEP’s importance and the need for strengthening its supervisory capabilities. Superintendent Alessandro Octaviani highlighted the technical expertise of SUSEP’s staff in fulfilling its mission.
Policy & regulationCooperationSupervision process and methodologies
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2025-04-22•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina reported Governor Jasmina Selimovic’s participation in the IMF and World Bank Spring Meetings, focusing on technical assistance for reforms and the central bank's independence. Discussions emphasized financial and monetary stability and the bank's role in macroeconomic stability amid European integration. The bank will host a meeting on financial education and inclusion with the OECD, and further bilateral meetings with IMF and World Bank officials are planned.
Policy & regulationCooperationCross-border cooperation
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2025-04-22•South Africa•South African Reserve Bank
South African Reserve Bank Governor Lesetja Kganyago, at the Brookings Institution, criticized the G20 for ineffective agenda management and weak processes, especially outside crisis periods. With South Africa presiding over the G20, he advocated for focused agenda-setting on top priorities and clearer communication. Kganyago suggested structural reforms, including rethinking the Finance Track's working group architecture and considering a permanent secretariat for continuity.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-04-22•South Africa•South African Reserve Bank
The South African Reserve Bank reported a 0.2% decline in the composite leading indicator for February 2025, driven by decreases in seven of ten component series, including fewer approved residential building plans and slower growth in new passenger vehicle sales. The composite coincident indicator rose by 0.2% in January 2025, while the composite lagging indicator fell by 0.8%. Key positive contributors to the leading indicator were a wider interest rate spread and a higher US-dollar-based export commodity price index.
Data & statisticsEconomic data and developments
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2025-04-22•Iraq•Central Bank of Iraq
The Central Bank of Iraq issued a warning about the circulation of withdrawn and counterfeit foreign banknotes used by fraudsters to exchange for Iraqi dinars at inflated values, urging the public and authorities to avoid such notes and focus on those handled through the Central Bank and banking system.
SupervisionAlertsFraud and scams
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2025-04-22•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines launched BSP Mobile, a smartphone app to enhance access to Bangko Sentral ng Pilipinas information and services for Filipinos and investors. The app offers key rates, public announcements, a service locator, consumer complaint filing, and mobile-specific functions like real-time notifications and offline access. BSP plans ongoing enhancements and additional features for the app, available on Apple and Google platforms.
Policy & regulationImplementation, projects & pilotsFintech and insurtechConsumer and investor protection
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2025-04-22•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed two individuals to pay a VND 1,000,000 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 in person. Failure to collect the certificate within one year will result in cancellation.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2025-04-22•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission requires Ms. Nguyen Thi Ngoc Linh to pay a VND 1,000,000 fee for a securities practice certificate, as per Ministry of Finance Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the Commission. Failure to complete the procedure within one year will result in certificate cancellation.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2025-04-22•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan released a report on the 2024 implementation status of its 2024–2026 Financial Sector Development Strategy. The report details progress, delays, sector achievements, and next steps, with a focus on financial inclusion, service reach, instrument diversification, efficiency, corporate governance, transparency, and sustainability.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-04-22•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia has launched the third cohort of its Shariah Mentorship Programme to cultivate Shariah professionals for the Islamic capital market. The programme, funded by the Capital Market Development Fund and run by ISRA Consulting, includes classroom learning and industry placements. Over 70% of the 30 alumni are employed in Islamic finance, with expectations to register as Shariah advisers within five years.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-22•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released the agenda for its Board meeting on 29 April 2025, including draft regulations on life insurance linked to Collective Investment Undertakings and registration of debt securities offering documents. The Board will review thematic inspections of insurance firms and assess compliance of pension funds and depositary activities against Law No. 76/2023. Additional items include a proposed amendment to Insig Jetë’s statute and information on risk-level categorisation based on 2024 self-assessment forms.
Policy & regulationRules & requirementsOther
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2025-04-22•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia facilitated a memorandum of understanding between Royal Group Securities PLC and the American University of Phnom Penh for a securities sector incubation programme.
Policy & regulationImplementation, projects & pilotsFintech and insurtechDomestic cooperation
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2025-04-22•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD118.4 billion as of 15 April 2025, covering 4.9 months of imports and 0.9 times total short-term external debt. The reserves are sufficient to meet short-term external obligations, primarily from resident banks and multinational corporations, without impacting the central bank's reserves.
Data & statisticsBalance of payments and other external statistics
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2025-04-22•Canada•Ontario Securities Commission
The Ontario Securities Commission report highlights financial influencers' significant impact on Canadian retail investors, linking reliance on their advice to increased vulnerability to social media scams. A survey found 35% of investors made decisions based on influencer advice, making them more likely to trust influencers and fall victim to scams. An online experiment showed exposure to finance-related posts led nearly 40% of participants to buy promoted assets, with non-investors being more susceptible.
ResearchConsumer and investor protection
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2025-04-22•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency released March 2025 statistics showing a decline in mandatory and voluntary pension funds' net assets, while UCITS net assets rose by EUR 106.3m to EUR 3.5bn. The insurance market saw a 9.1% increase in premiums collected, totaling EUR 493.0m, with a decrease in claims settled. The Zagreb Stock Exchange experienced a 27.1% increase in turnover and a 3.4% rise in market capitalisation, despite a 1.0% drop in the CROBEX.
Data & statistics
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2025-04-22•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo discussed cooperation in international reserve management with Clearstream Vice President Christian Rossler. Talks during the 2025 IMF and World Bank Spring Meetings explored collaboration in custody services, securities lending, and borrowing. The central bank highlighted potential for enhanced operational efficiency and income opportunities through modern technological solutions in asset management.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2025-04-22•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo engaged with the IMF’s Monetary and Capital Markets Department and Institute for Capacity Development during the 2025 IMF-World Bank Spring Meetings to enhance cooperation. Discussions focused on banking, insurance, pension supervision, financial stability, cybersecurity, and strengthening institutional and legal frameworks. The agenda included implementing the Supervisory Review Process, reviewing the Transparency Code, developing macro-modelling tools, and enhancing IT supervision and cyber risk management.
Institutional developmentCooperation & capacity buildingCapacity buildingDomestic cooperation
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2025-04-22•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission sanctioned JKN Global Group and CEO Mr. Jakkaphong Jakrajutatip for disseminating misleading information. Sanctions include THB 4,124,078 payments and a 56-month ban on Mr. Jakkaphong as a director or executive in securities companies. The case involved misleading disclosure about selling the Miss Universe Organization, contradicted by an agreement to sell shares to Legacy Holding Group USA Inc.
EnforcementInvestigations & enforcement actions
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2025-04-22•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises bondholders of three Property Perfect Public Company Limited bond series to review information and exercise their rights at an upcoming meeting. The meeting will address proposals to waive an event of default related to the bondholder register closing process and extend bond maturities. Bondholders are encouraged to seek detailed information and consider the implications before voting.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-22•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission reminded holders of Grande Asset Hotels and Property Public Company Limited’s GRAND254A bond to review information and exercise voting rights at the upcoming electronic meeting. The agenda includes waivers of default events, an extension of the bond's maturity, an interest rate increase, and revised repayment terms. The SEC mandates the bondholders’ representative to assess these proposals' implications.
SupervisionInterventionsCorporate governance
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2025-04-22•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission imposed civil sanctions on 10 individuals for manipulating securities of Thai Capital Corporation Public Company Limited, including TCC shares and warrants TCC-W3, TCC-W4, and TCC-W5. Sanctions include THB 59,780,191 in penalties, trading suspensions, and bans on serving as directors or executives. The case, from a 2019 referral, revealed coordinated trading to mislead the public and inflate prices.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-22•Jersey•Financial Services Unit (Jersey)
The Financial Services Unit (Jersey) has launched the Government of Jersey’s Financial Services Competitiveness Programme to enhance Jersey’s financial sector and status as an international finance centre. The programme involves government, industry, and regulatory bodies, structured into four workstreams, including an International Tax Strategy and a Business and Regulatory Environment stream. The first phase, focusing on business facilitation reforms, is underway, with a progress report expected in spring 2026.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-04-22•Global•Group of International Finance Centre Supervisors
The Group of International Finance Centre Supervisors (GIFCS) held a seminar with the Financial Stability Institute on lessons from the March 2023 banking turmoil and admitted the Anguilla Financial Services Commission as a new member during their Plenary meeting. Key initiatives include a revised commitment on asset recovery, new guidance for suspicious transaction reporting for trust and company service providers, and a revision of the GIFCS Standard on regulation.
Policy & regulationCooperationFinancial stability and systemic riskSupervision process and methodologies
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2025-04-22•Canada•Department of Finance (Canada)
Canada's Department of Finance announced that Finance Minister François-Philippe Champagne will co-chair a G7 Finance Ministers and Central Bank Governors meeting in Washington, D.C. with Bank of Canada Governor Tiff Macklem. The meeting will focus on the global economic outlook and Ukraine. Champagne will also attend the G20 meeting and engage in bilateral discussions, emphasizing global trade uncertainty as a challenge to economic activity.
Policy & regulationCooperationCross-border cooperation
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2025-04-22•Hungary•National Bank of Hungary
National Bank of Hungary Governor Mihály Varga outlined priorities on price stability and enhancing the bank's efficiency and transparency. The bank will focus on core tasks and strengthen cooperation with economic and financial sectors amid external risks like the Russian-Ukrainian war and global tariff tensions. Recent initiatives include agreements with the Hungarian Chamber of Commerce and Industry and the banking sector to support sustainable development and reduce banking costs.
Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic risk
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2025-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam must use monetary policy tools to manage exchange and interest rates, ensuring market stability and supporting credit institutions for 2025 economic growth. Banks are urged to reduce costs, enhance digital transformation, and offer preferential credit packages, including a VND 500 trillion loan for infrastructure and digital technology. The Ministry of Finance is to propose fiscal support for sectors affected by US tariffs and draft a resolution on piloting a crypto-asset market.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2025-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's research advocates a "green finance–carbon market" model to fund emissions-reduction projects and develop green financial instruments. It highlights Vietnam's green finance landscape, with green credit reaching VND 680 trillion by end-2024 and green bonds exceeding USD 1 billion. It recommends policy enhancements, including legal framework alignment, emissions management, and easing access to green funding, to support sustainable development.
ResearchClimate risk and sustainable finance
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2025-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with a Czech delegation led by Finance Minister Zbynek Stanjura to enhance banking and finance cooperation under their strategic partnership. Discussions focused on banking and financial cooperation as a driver of trade and investment, addressing global and regional economic developments. The Czech delegation expressed interest in ongoing engagement and experience-sharing with Vietnam's monetary and financial authorities.
Policy & regulationCooperationCross-border cooperation
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2025-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam summarized a Federal Reserve Bank of Boston study on cross-border monetary policy spillovers. The study finds the US Federal Reserve is the dominant source, but interest rate decisions by other central banks, including those in the euro area, Australia, and Canada, also significantly impact medium and long-term yields in advanced economies. US spillovers account for nearly 60% of the impact on advanced economy bond yields, with non-Fed decisions also affecting US and euro area yields and corporate borrowing costs.
Research
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2025-04-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has extended its approval for a Telecommunications Corporation to pilot telecommunications accounts for low-value payments until 31 December 2025. This amendment to Article 3 of the Governor’s 2021 decision took effect on 18 April 2025, with implementation responsibilities assigned to various departments and the corporation's chief executive.
SupervisionAuthorisations & approvalsRegulatory sandbox
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2025-04-22•Russia•Central Bank of Russia
The Central Bank of Russia recommends credit institutions support borrowers affected by incomplete individual housing projects due to unscrupulous contractors, including through debt restructuring. Banks should assess each case individually, considering the borrower's economic situation and social status, and may offer measures such as unchanged interest rates, deferred repayments, waived fines, or debt write-offs.
Policy & regulationGuidance & interpretationLendingConsumer and investor protection
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2025-04-22•Namibia•Bank of Namibia
The Bank of Namibia and the Namibia Financial Institutions Supervisory Authority said they will jointly launch the 2025 Financial Stability Report on 24 April 2025. The report will assess risks and resilience across Namibia’s financial system, including banks, non-bank financial institutions, payment infrastructure and macroprudential conditions. It will be streamed live, with the full report to be published afterward on both institutions’ websites.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2025-04-22•Egypt•Central Bank of Egypt
The Central Bank of Egypt clarified that it continues to print EGP 10 and EGP 20 polymer banknotes, countering social media claims. Both paper and polymer versions of these banknotes remain valid for circulation.
Monetary policyMonetary policy instruments & operationsCurrency and cash management
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2025-04-22•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission (SEC) filed a civil enforcement action against Ramil Palafox, alleging a USD 198 million fraud through PGI Global, with over USD 57 million misappropriated. The SEC claims Palafox marketed high-return "membership" packages and operated a Ponzi-like scheme until PGI Global's collapse in 2021. The complaint seeks injunctions, disgorgement, and penalties, and names additional relief defendants; Palafox also faces criminal charges from the U.S. Attorney’s Office for the Eastern District of Virginia.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-04-22•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance, led by Minister Victoria Belous, is attending the IMF and World Bank Group Spring Meetings in Washington, D.C. from April 22-26, 2025. The agenda includes discussions on Moldova's macroeconomic outlook, IMF programme performance, and finance reform in the context of European integration, with meetings involving the World Bank, IMF, EBRD, and other international financial institutions. National Bank of Moldova Governor Anca Dragu is participating.
Policy & regulationCooperation
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2025-04-22•Moldova•National Bank of Moldova
The National Bank of Moldova, led by Governor Anca Dragu, is attending the IMF and World Bank Group Spring Meetings in Washington, DC, focusing on Moldova's financial sector development. Discussions will address macroeconomic developments, IMF programme performance, and central bank reforms for Moldova's integration into the Single Euro Payments Area. The delegation includes high-level meetings with IMF, World Bank, and other international institutions.
Policy & regulationCooperationMonetary policy decisions and developments
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2025-04-22•Moldova•National Bank of Moldova
The National Bank of Moldova released its March 2025 statistics on the domestic cash foreign exchange market, reporting a total turnover of EUR 351.0 million. The euro dominated with EUR 258.6 million, followed by the US dollar at EUR 59.6 million. Total turnover increased by 5.0% from the previous month and 4.6% year on year.
Data & statisticsCurrency and cash management
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2025-04-22•Moldova•National Bank of Moldova
The National Bank of Moldova released March 2025 statistics on licensed banks' foreign-currency assets and liabilities, showing total assets of MDL 50.78bn and liabilities of MDL 50.65bn. The banking system recorded long open positions of MDL 306.8m, mainly in euro and US dollars, and short positions of MDL -177.7m. The data, compiled under the Regulation on the Bank’s Open Foreign Exchange Position, includes on-balance-sheet and off-balance-sheet items.
Data & statisticsBalance of payments and other external statistics
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2025-04-22•Moldova•National Bank of Moldova
The National Bank of Moldova reported that in March 2025, individuals' net foreign currency supply covered 88.6% of economic agents' demand, up from 85.1% in February. The central bank intervened in the interbank market with net purchases of EUR 8.5 million. The leu's exchange rate against the euro increased by 0.2% on average, with the euro comprising 75.1% of individuals' net foreign currency supply.
Monetary policyMonetary policy instruments & operationsBalance of payments and other external statistics
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2025-04-22•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
FINMA updated sanctions lists under Switzerland’s Ordinance on Ukraine, effective 23 April 2025. Financial intermediaries must enforce prohibitions, freeze sanctioned assets, and report to SECO. Reporting to SECO doesn't exempt intermediaries from anti-money laundering obligations, requiring further checks and potential reporting to the Money Laundering Reporting Office.
Policy & regulationGuidance & interpretationSanctions list update
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2025-04-22•South Korea•Bank of Korea
The Bank of Korea published its Loan Officer Survey on Financial Institution Lending, detailing lending trends in Q1 2025 and expectations for Q2 2025. Full details are available in an accompanying attachment.
Data & statisticsLendingMarket development
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2025-04-22•South Korea•Bank of Korea
The Bank of Korea released preliminary Producer Price Index data for March 2025, indicating no change month on month but a 1.3% increase year on year. Agricultural, forestry, and marine products rose 0.4% month on month, while manufacturing products and services remained unchanged, and electric power, gas, water, and waste declined by 0.2%.
Data & statisticsEconomic data and developments
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2025-04-22•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported March 2025 statistics for the Taipei foreign exchange market, with a total net trading volume of USD 1,021.4 billion and an average daily turnover of USD 48.6 billion. Interbank transactions dominated at USD 748.3 billion, while New Taiwan dollar pairs accounted for USD 416.7 billion. Foreign exchange swaps were the primary instrument, totaling USD 568.7 billion.
Data & statisticsForeign exchange policy and markets
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2025-04-22•Trinidad & Tobago•Trinidad & Tobago Securities & Exchange Commission
The Trinidad and Tobago Securities and Exchange Commission has initiated a written comment process on the Trinidad and Tobago Stock Exchange Limited's proposed amendment to Rule 224, concerning trading sessions. The Exchange, a registered self-regulatory organisation, submitted a Statement of Substance and Purpose for the proposed change.
Policy & regulationRules & requirementsTrading
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2025-04-22•Isle of Man•The Treasury (Isle of Man)
The Treasury of the Isle of Man has issued a reminder that annual tax returns for the year ending 5 April 2025 are due by 6 May 2025, with submissions after this date incurring penalties. A GBP 250 penalty applies from 7 May 2025, with an additional GBP 50 per day for continued non-compliance. Employers with fewer than five employees can register for online services to file returns.
Policy & regulationGuidance & interpretationOther
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2025-04-22•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad & Tobago reported on a delegation's participation in the IMF and World Bank Spring Meetings in Washington, DC. The delegation engaged in technical assistance discussions, attended Group of 24 meetings, and participated in CARICOM-focused sessions. They also made interventions at IMF and World Bank constituency meetings.
Policy & regulationCooperationCross-border cooperation
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2025-04-22•Palestine•Palestine Monetary Authority
Palestine Monetary Authority Governor Yahya Shunnar is attending the IMF and World Bank Spring Meetings in Washington, D.C., focusing on trade wars, central bank independence, and global debt. He will engage in discussions with IMF, World Bank, U.S., and European officials on the economic impact of Israeli aggression on Palestine and regional challenges. The meetings aim to foster cooperation, exchange expertise, and highlight Palestinian banking sector developments.
Policy & regulationCooperationCross-border cooperationMonetary policy decisions and developments
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2025-04-21•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) updated stakeholders on its consultation about full portability of MPF contributions, expanding from employee-only to include employer contributions, increasing the transferable share of vested benefits to nearly 100%. This builds on the Employee Choice Arrangement, which saw significant growth in transfers from 2020 to 2024. Feedback highlighted the need for further clarification on operational details, with stakeholders encouraged to submit their views.
Policy & regulationReform agendas & prioritiesOther
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2025-04-21•South Africa•National Credit Regulator
South Africa’s National Credit Regulator (NCR) warned young consumers about the risks of the "soft life" culture, excessive spending, online gambling, and impulsive borrowing leading to harmful debt. The NCR highlighted that small loans and online betting can damage credit profiles, affecting future credit access and employment opportunities. It advised financial discipline, urging consumers to budget, assess affordability, and use registered credit providers.
SupervisionAlertsConsumer and investor protection
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2025-04-21•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE imposed a financial sanction on a bank for non-compliance with Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations policies. The penalty was enforced under Article 14 of the Federal Decree Law No. 20 of 2018. This action aligns with the CBUAE's mandate to ensure adherence to UAE laws and standards.
EnforcementSanctions & designationsAML and CFT
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2025-04-21•Peru•Central Bank of Peru
The Central Bank of Peru reported that non-traditional textile exports reached USD 142 million in February 2025, a 25.4% increase year on year. Export volumes rose 21.5%, marking 11 consecutive months of growth, driven by higher exports to the U.S. and increased demand for cotton clothing and alpaca or llama wool products. Cumulative textile exports for January and February totalled USD 280 million, up 17.4% from the previous year.
Data & statisticsBalance of payments and other external statistics
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2025-04-21•Ecuador•Superintendencia de Bancos de Ecuador
Ecuador's Superintendency of Banks announced that Banco Amibank S.A.'s liquidation is proceeding as planned, with depositor reimbursements entering the payout phase. Over 99% of depositors are covered by the COSEDE deposit insurance scheme, ensuring repayment up to USD 32,000. Another bank will take over a significant portion of Amibank's credit operations and certain deposits not covered by COSEDE, maintaining service continuity for former customers.
SupervisionInterventionsRecovery and resolution
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2025-04-21•China•Central Bank of the Republic of China
The People's Bank of China and other regulators have released an action plan to enhance cross-border financial services for Shanghai's international financial centre development. It includes 18 measures on foreign exchange risk management, financing, and digital infrastructure, such as piloting a revised foreign exchange business model and expanding the Cross-Border Interbank Payment System. Implementation will be coordinated by the People's Bank of China and the Shanghai Municipal People's Government, supported by a taskforce of local regulators and financial institutions.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-04-21•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York appointed Anna Nordstrom as Head of the Markets Group and to its Executive Committee. Nordstrom, who has been with the New York Fed since 2008, previously served as interim Head and led the Domestic and International Markets Function. Her responsibilities included overseeing domestic monetary policy operations, foreign exchange operations, and central bank liquidity swap lines.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-21•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) announced the commencement of duties for Prof. Rui Baleiras as vice-president and Prof. Paula Vaz Freire as a board member, following their appointment by the Council of Ministers Resolution No. 79/2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-21•United States•Financial Industry Regulatory Authority
FINRA launched FINRA Forward, initiatives to enhance regulatory program effectiveness and efficiency. It includes rule modernization, improved support for member firm compliance, and expanded efforts to address cybersecurity and fraud risks. FINRA plans to review its rulebook, facilitate innovation, and strengthen firms' risk management and resilience against emerging threats.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2025-04-21•India•Reserve Bank of India
The Reserve Bank of India has amended its Basel III Liquidity Coverage Ratio framework, adjusting run-off rates for retail and small business deposits and revising Level 1 high-quality liquid assets valuation. Key changes include a 2.5 percentage point increase in run-off factors for retail deposits with internet and mobile banking and a redefinition of the "other legal entities" category. These amendments apply to all commercial banks, excluding payments banks, regional rural banks, and local area banks, effective 1 April 2026.
Policy & regulationRules & requirementsLiquidity risk
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2025-04-21•India•Reserve Bank of India
The Reserve Bank of India revised instructions for banks on minors' savings and term deposit accounts, consolidating previous guidance. Minors can open accounts through guardians, with independent operation allowed above a bank-set age threshold, subject to risk management policies. Banks must ensure accounts remain in credit and comply with Know Your Customer regulations, with new policies required by 1 July 2025.
Policy & regulationRules & requirementsOther
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2025-04-21•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland's Economic Commentary by Daniell R. Carroll and Christopher J. Walker highlights significant wage compression post-Covid-19. Below-median-wage workers saw the largest pay increases when switching to industries like leisure, hospitality, trade, and transportation, with earnings growing 4 percentage points faster than peers who stayed and 2 percentage points faster than those who switched jobs without changing industries. High-wage workers experienced smaller and delayed pay boosts in these sectors as wage growth accelerated in late 2021.
ResearchOther