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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines and the International Finance Corporation signed a memorandum to develop the Philippines’ movable asset finance market, improving credit access for micro, small, and medium enterprises and the agricultural sector. Running until 2027, it focuses on regulatory reform, sector capacity building, and supporting services development. It complements the Personal Property Security Act and aligns with the National Strategy for Financial Inclusion 2022–2028.
Policy & regulationCooperationSME financing
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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines hosted its inaugural Iftar at its Manila head office, fostering collaboration among Islamic banking and finance stakeholders. The event emphasized financial inclusion and highlighted milestones such as new Islamic banking licenses, the entry of takaful operators, and the issuance of the country's USD 1 billion maiden sovereign sukuk.
Policy & regulationCooperationMarket development
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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines supported Borongan City in launching the Paleng-QR Ph Plus program to enhance QR Ph payment usage in markets and public transport. The initiative, led by local officials and the central bank, included demonstrations and assistance in setting up bank or e-wallet accounts. A Piso Caravan was also conducted to exchange old notes for new bills or e-wallet credits.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-16•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority announced an emergency ordinance amending the legal framework for private pensions, aligning with OECD recommendations. Key changes include relaxed investment limits, expanded market access for OECD member states, and simplified access to voluntary pensions by removing the minimum-contribution requirement. The ordinance also strengthens ASF's supervisory capacity and amends several existing laws.
Policy & regulationRules & requirements
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2025-04-16•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission (SSC) announced account details for remitting securities sector fees and charges, directing payments to specific accounts at VietinBank, Vietcombank, State Treasury Region I, or BIDV. The notice references Ministry of Finance Circular 25/2022/TT-BTC and 2025 decisions regarding the SSC's functions and structure.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-04-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation by three websites and instructed internet service providers in Italy to block access to them. This action brings the total number of blocked websites to 232 since November 2023. IVASS also advised consumers to verify the authorization of insurers and intermediaries before engaging in insurance transactions online.
SupervisionInterventionsUnlicensed or unauthorized activity
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2025-04-16•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) accepted a settlement with José do Egito Fundo de Investimento Multimercado, represented by Banco Santander Brasil S.A., involving a BRL 90,000 payment. This follows an administrative proceeding over alleged trading violations during a prohibited period, potentially breaching Article 14 of CVM Resolution 44. The Federal Prosecutor’s Office found no legal impediment, and the Commitments Committee recommended acceptance after negotiations.
EnforcementInvestigations & enforcement actionsOther
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2025-04-16•Serbia•National Bank of Serbia
The Governor of the National Bank of Serbia, in a speech for OMFIF’s Gender Equality Index 2025 report, highlighted women's leadership predominance in the bank, contrasting with male-dominated global trends. The address advocated for diversity and equal opportunity over gender quotas, noting women constitute over 57% of employees and hold key positions. Additionally, the speech highlighted measures like remote working and flexible hours to support work-family balance, alongside a Risk Management Plan for Gender Equality.
Institutional developmentWorkforce & recruitmentDiversity and inclusion
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2025-04-16•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has granted Guavapay LLC an indefinite licence to operate as an electronic money institution. This decision, made on 9 April 2025, aligns with Azerbaijan’s Law on Payment Services and Payment Systems.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-16•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission recapped its 2025 Industry Conference, emphasizing innovation, simplicity, and ease of use in regulatory interactions. Key discussions included supervisory updates across various financial sectors and the implications of the Bailiwick’s MONEYVAL mutual evaluation report. The event featured a panel with Deputy Lyndon Trott OBE and Director General William Mason.
SupervisionSupervision approach, priorities & toolkitFintech and insurtech
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2025-04-16•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) joined Operation Avalanche, led by the British Columbia Securities Commission, to identify compromised Ethereum wallets and warn holders of potential crypto asset fraud. The operation, involving securities regulators, police, crypto platforms, and Chainalysis, focused on "approval phishing" scams. The OSC advised investors to visit its website for guidance on crypto investment fraud and prevention.
SupervisionCooperationFraud and scams
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2025-04-16•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has introduced temporary measures to assist insurers in managing increased insurance claims due to a recent ice storm. These measures allow Ontario insurers to utilize employees from affiliated insurers and permit licensed adjusting firms to use claims adjusters licensed outside Ontario.
Policy & regulationRules & requirementsOther
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2025-04-16•Poland•Central Bank of Poland
The Central Bank of Poland reported March 2025 core inflation indices, with inflation net of food and energy at 3.6% year on year and headline Consumer Price Index inflation at 4.9%. Other measures showed inflation excluding administered prices at 3.4%, excluding the most volatile prices at 5.0%, and the 15% trimmed mean at 4.6%. These indices help identify inflation drivers and assess price pressure persistence, with the net-of-food-and-energy measure crucial for inflation targeting.
Data & statisticsMonetary data
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2025-04-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises bondholders of three East Coast Furnitech Public Company Limited bond series to review information and join an electronic meeting on 17 April 2025 about proposed term changes. The issuer seeks approval to extend maturities and adjust interest rates and payment schedules. Bondholders’ representatives must evaluate these changes and provide their analysis and opinions.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission advised Begistics Public Company Limited’s B255A bondholders to review information and exercise their rights at the upcoming meeting. Key proposals include extending redemption maturity to November 2026, altering principal repayment into three instalments, and increasing the interest rate to 7.50 percent per year. The SEC mandates the bondholders’ representative to assess these changes and provide a detailed opinion.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-16•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority allowed Al Yamama Insurance Brokerage Company to resume operations from April 16, 2025, after it remedied cited violations and met regulatory requirements.
SupervisionAuthorisations & approvalsCompliance
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2025-04-16•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority has suspended Takaful Emarat from insurance brokerage, effective April 16, 2025, over regulatory violations. The company must continue meeting obligations under existing policies and claims, and the suspension will remain until it rectifies the violations and demonstrates full compliance.
SupervisionAuthorisations & approvalsConsumer and investor protectionCompliance
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2025-04-16•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick issued a warning that BullWayPro is not registered to deal or advise in securities in the province. BullWayPro operates from Zurich, Switzerland, and is linked to the website https://bullwaypro.com/. Investors are advised to use the National Registration Search tool to verify registration status for protection.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the International Finance Corporation (IFC) discussed enhancing cooperation and aligning IFC support with Vietnam's banking and capital market priorities. Vietnam, a major recipient of IFC support, receives around USD 600 million annually in long-term investments. The State Bank seeks continued IFC engagement on implementing the new Law on Credit Institutions and sector priorities like digital transformation and green growth.
Policy & regulationCooperationOther
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has directed commercial banks to expand their sector credit programme to include agriculture, forestry, and fisheries, aiming for a cumulative lending target of VND 100 trillion. The programme, aligned with government directives, requires participating banks to adhere to existing guidance and report accurate data to the central bank. Other banks are encouraged to join under the same terms.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with International Bank for Economic Cooperation (IBEC) leaders to discuss IBEC's 2024 performance and 2024–2026 Development Strategy. Discussions focused on reforms to enhance IBEC's effectiveness amid challenging conditions. Deputy Governor Nguyen Ngoc Canh reaffirmed Vietnam's commitment as a reliable IBEC member and emphasized supporting member countries' external economic relations.
Policy & regulationCooperationOther
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2025-04-16•Chile•Central Bank of Chile
The Central Bank of Chile topped the Official Monetary and Financial Institutions Forum's 2025 Gender Balance Index, achieving a perfect score for gender representation in leadership. The index evaluates 335 institutions globally, including 185 central banks, based on gender parity in senior management. The bank's President, Rosanna Costa, participated in the report launch, highlighting a strategic plan to enhance women's participation.
OtherDiversity and inclusion
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2025-04-16•Russia•Central Bank of Russia
The Central Bank of Russia's April Monitoring of Businesses commentary indicates continued expansion in business activity, with the Business Climate Index rising to 4.8 points. Companies reported improved short-term expectations despite a moderate assessment of current conditions and elevated price expectations. The commentary introduces new quarterly data on operational difficulties and anticipated labour cost increases.
Data & statisticsEconomic data and developments
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2025-04-16•Canada•Payments Canada
Payments Canada has released updated Lynx ISO 20022 message specifications and guidelines to aid financial institutions in transitioning from MT to MX messaging by November 2025. The guidelines include a hybrid postal address option developed by Swift’s Payment Market Practice Group, combining structured and unstructured elements. Payments Canada emphasizes that adopting structured address formats can enhance error reduction, automation, and compliance processes.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-04-16•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) alerted the public about four entities falsely claiming CMF supervision while offering loans online and requiring advance payments for loans that never materialize. The CMF filed fraud complaints with the Public Prosecutor’s Office against Concreces Online, Créditos Abaqus SpA, Servicio de Crédito Chile, and Islacoop. The CMF advises the public to use its Fraud Alerts Page to verify supervision status and access guidance on protecting financial clients.
SupervisionAlertsFraud and scams
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2025-04-16•United States•Federal Reserve Board
The Federal Reserve Board's FEDS Note analyzes the EU's energy import dependency from 1990 to 2023, attributing increased reliance on imports to declining domestic production. Despite renewable energy growth, import dependency is expected to remain substantial over the next decade. Scenario exercises project import dependency at 52.9 percent with 2.7 percent annual renewable growth and 42.7 percent with 6.3 percent growth, though these are not forecasts.
Research
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2025-04-16•United States•Federal Reserve Board
The Federal Reserve Board approved United Community Banks, Inc.'s merger with ANB Holdings, Inc., including the indirect acquisition of American National Bank. It also sanctioned United Community Bank's merger with American National Bank and the establishment of a branch at the latter's location.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-16•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) announced results of Operation Avalanche, identifying compromised Ethereum wallets linked to crypto investment fraud. Conducted with Canadian securities regulators, police, crypto platforms, and Chainalysis, the operation targeted "approval phishing" and contacted 89 victims, with wallets drained of approximately USD 4.3 million. BCSC plans to incorporate proactive victim alerting into ongoing fraud response efforts.
SupervisionAlertsFraud and scams
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2025-04-16•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported that banks contributed nearly EGP 3.9 billion to corporate social responsibility projects in 2024, focusing on healthcare, social welfare, and other priority sectors. Healthcare received the largest share at approximately EGP 2.5 billion, with additional funds allocated to social welfare, informal settlement development, women's empowerment, and education.
Other
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2025-04-16•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported a continued surge in remittances from Egyptians abroad, with January 2025 inflows up 83.2% year-on-year to approximately USD 2.9 billion. This marks an unprecedented level for January, following economic reforms in March 2024. Over the first seven months of FY 2024/2025, remittances increased by 81.0% to around USD 20.0 billion.
Data & statisticsCross-border payments
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission (SEC) announced the agenda for its Crypto Task Force roundtable, "Know Your Custodian: Key Considerations for Crypto Custody," on April 25. The event will feature opening remarks from SEC officials and two panels discussing custody through broker-dealers and investment adviser custody, with participants from industry, law firms, and academia.
Policy & regulationOther
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission extended the compliance dates for rule amendments requiring more frequent portfolio-related reporting on Form N-PORT by two years. Larger fund groups now have until November 17, 2027, and smaller groups until May 18, 2028. The extension allows the SEC to review the amendments per a Presidential Memorandum and consider further actions, including potential amendments to Form N-PORT.
Policy & regulationRules & requirementsRegulatory reporting
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy launched an anti-fraud campaign to warn investors about relationship investment scams. These scams involve fraudsters building trust through online or text interactions before persuading victims to invest in fake opportunities. The campaign features educational videos, a resource page, an investing quiz, and guidance on recognizing and reporting scams.
Financial literacy & educationFraud and scams
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2025-04-16•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance, the National Bank of Moldova, and the National Commission for Financial Markets discussed EU accession efforts under Chapter 9 "Financial services" with financial regulators and market participants. The focus was on transposing EU regulatory requirements for bank deposit guarantee schemes, insurance, reinsurance, and investment firms. State Secretary Cristina Ixari urged active industry participation in the legislative process.
Policy & regulationCooperationCross-border cooperation
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2025-04-16•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance announced the Government's approval of a draft law amending Law No. 62/2008 to liberalise certain foreign exchange operations. The amendments allow transactions in foreign financial instruments without National Bank of Moldova authorisation, including long-term government securities and corporate bonds from EU or OECD countries with a minimum AA/Aa rating. Additionally, currency exchange offices must display currencies in a fixed order, starting with the euro and US dollar.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-04-16•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chairman Wu Qing and Korea’s Financial Supervisory Service Governor Lee Bokhyun met in Beijing to discuss China–Korea capital market developments and regulatory dynamics. The meeting focused on improving listed company quality, oversight of market intermediaries, and enhancing bilateral regulatory cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-04-16•United States•Office of the Comptroller of the Currency
Acting Comptroller of the Currency Rodney E. Hood outlined the Office of the Comptroller of the Currency's focus on reducing regulatory burden, promoting financial inclusion, supporting bank–fintech partnerships, and expanding responsible digital asset activities. The strategy aims to modernize the federal banking system while ensuring its safety and integrity.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory burdenFinancial inclusion
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2025-04-16•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency will merge its Large Bank Supervision and Midsize and Community Bank Supervision into a single Bank Supervision and Examination line, reinstating the Chief National Bank Examiner office and elevating Information Technology and Security under a new senior deputy comptroller. Greg Coleman will lead the new line, with Jay Gallagher heading the reinstated office. Beverly Cole and Grovetta Gardineer will retire in May. These changes will be effective June 2, 2025.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-04-16•Canada•Alberta Securities Commission
The Alberta Securities Commission (ASC) issued a Notice of Hearing against Trust Management Services Inc. (TMSI) and director Jelle Braaksma for allegedly breaching Alberta securities laws by acting as an unregistered dealer and making prohibited statements. TMSI is accused of raising USD 750,000 from investors and guaranteeing repayment without financial capacity, with allegations of misleading guarantees. The ASC acknowledged assistance from the United States Securities and Exchange Commission; allegations remain unproven.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-16•United Arab Emirates•Ministry of Economy (UAE)
The UAE Ministry of Economy and the Executive Office for Control and Non-Proliferation launched a Dubai summit on the role of Designated Non-Financial Businesses and Professions in combating financial crime, focusing on updated Financial Action Task Force requirements. The summit addressed customer due diligence, verification procedures, and cooperation between public authorities and the private sector, featuring capacity-building initiatives and signing memoranda of understanding to enhance compliance with international standards.
Policy & regulationCooperationAML and CFT
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2025-04-16•Switzerland•Federal Department of Finance (Switzerland)
Switzerland's Federal Department of Finance announced that President Karin Keller-Sutter and Federal Councillor Guy Parmelin will attend the IMF and World Bank Group Spring Meetings in Washington, focusing on global economic challenges. Switzerland's priorities include advocating for IMF support to poorer countries, moderate financial assistance linked to reforms, and promoting productive jobs through the World Bank Group. At the G20 meeting, Switzerland will push for stronger global financial stability and equitable international taxation rules.
Policy & regulationCooperationFinancial stability and systemic riskMonetary policy decisions and developments
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2025-04-16•South Korea•Bank of Korea
The Bank of Korea reported preliminary March 2025 trade indexes, with export prices rising 0.3% month on month and 6.3% year on year, while import prices fell 0.4% month on month but rose 3.4% year on year. The Net Barter Terms of Trade Index improved by 0.8% year on year.
Data & statisticsEconomic data and developments
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2025-04-16•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported end-2024 statistics showing modest growth in investment outflows to China and significantly larger growth to markets outside China by TWSE and TPEx listed companies. Cumulative China investment outflows reached NTD 2,844bn, with profits of NTD 490bn. In contrast, cumulative outflows to markets outside China were NTD 9,796bn, with profits of NTD 1,024bn, reflecting a post-2018 trend of geographic diversification away from China.
Data & statisticsMarket developmentMergers and acquisitions
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2025-04-16•Europe•European Insurance and Occupational Pensions Authority
The Joint Committee of the European Supervisory Authorities published its 2024 Annual Report, highlighting work on emerging risks for financial markets. It covers sustainable finance, digital resilience, and consumer protection, with key deliverables for the Digital Operational Resilience Act and Sustainable Finance Disclosure Regulation. Coordination involved the European Securities and Markets Authority, European Commission, and European Systemic Risk Board.
SupervisionRisk monitoring & watch pointsOperational risk and resilienceSupervision process and methodologies
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2025-04-16•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas issued a warning about fraudulent online content using "deepfakes" to impersonate its officials and promote fake investment opportunities. It clarified that it only deals in government bonds, savings bonds, and treasury bills, and does not offer loans or private investment services. The public is advised to verify communications through official channels and report scams to the Royal Bahamas Police Force.
SupervisionAlertsFraud and scamsArtificial intelligence
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2025-04-15•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) released its Spotlight on Markets newsletter, highlighting regulatory developments, including a warning on AI investment tools and a €420,000 fine for Modefinance. It covers peer reviews on securitisation and central counterparties, a revised memorandum with the Bank of England, and finalised rules on investment firms’ order execution policies. Additional topics include ESG disclosure simplification, enforcement priorities, and EU financial system risks.
OtherArtificial intelligenceSupervision process and methodologies
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2025-04-15•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported March 2025 remittance receipts of USD 1,110.3 million, marking a 20% increase from March 2024. The first quarter remittances totaled USD 2,962.8 million, up 12.4% year-on-year, with the United States contributing 83.9% of March inflows. The bank projects 2025 foreign currency earnings to surpass USD 45.6 billion, driven by tourism, remittances, exports, and foreign direct investment.
Data & statisticsBalance of payments and other external statistics
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2025-04-15•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority approved Nofoth Food Products Company's plan to double its capital from SAR 48 million to SAR 96 million via a one-for-one bonus share issuance. The increase will be funded by transferring SAR 48 million from retained earnings, raising outstanding shares to 96 million. Bonus shares will be allocated to shareholders registered at the Securities Depository Center as of the second trading day after a due date set by the company's board.
SupervisionAuthorisations & approvalsCapital adequacy
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2025-04-15•Saudi Arabia•Saudi Arabian Monetary Authority
Electronic payments comprised 79% of total retail payments in 2024, up from 70% in 2023, aligning with the Financial Sector Development Program’s goals. Non-cash transactions rose to 12.6 billion in 2024 from 10.8 billion in 2023, driven by SAMA's initiatives under Saudi Vision 2030. SAMA plans to enhance national payment systems infrastructure and digital payment solutions with partners.
Data & statisticsPayments and payment systems
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2025-04-15•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro’s Council approved the 2024 financial statements, allocating EUR 4.9 million of net profit to the state budget and the remainder to reserves. The Council endorsed a draft law to amend the Bank Bankruptcy and Liquidation Law for EU alignment and reviewed a report showing 99.94% payment system availability. It also adopted various operational and progress reports, including those on bankruptcy proceedings for Atlas banka AD Podgorica and Invest banka Montenegro AD Podgorica.
Institutional developmentGovernanceAuditing
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2025-04-15•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico’s National Banking and Securities Commission (CNBV) reported the multiple banking sector's capital adequacy indicators as of February 2025. The Capitalization Index (ICAP) was 19.93%, with a Basic Capital Ratio (CCB) of 17.87% and a Core Capital Ratio (CCF) of 16.42%.
Data & statisticsCapital adequacy
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2025-04-15•Greece•Bank of Greece
The Bank of Greece's Bank Lending Survey for Q1 2025 indicates stable credit standards for non-financial corporations (NFCs) and households, with eased corporate loan terms due to improved liquidity and competitive pressures. Housing loan terms tightened due to increased charges, while demand for housing loans rose, partly due to the "MY HOME II" state programme. Corporate loan demand remained stable, with expectations of increased demand from large corporations in Q2 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-15•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority has opened applications for the Good MPF Employer Award 2024-25, recognizing employers that comply with MPF requirements and offer additional retirement protection. Awards include "Good MPF Employer 5 Years," "Good MPF Employer 10 Years," and "Best All-round MPF Employer," with criteria such as offering multiple MPF schemes and providing voluntary contributions. Last year, 2,298 companies received the award, including over 300 first-time participants.
Other
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2025-04-15•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has released draft Regulatory Technical Standards and a final report on Guidelines on Liquidity Management Tools, establishing a harmonised EU framework for fund managers. This initiative aims to enhance liquidity management, particularly during market stress, and aligns with the revised Alternative Investment Fund Managers Directive and the UCITS Directive. The draft standards, submitted to the European Commission, clarify the use of liquidity tools across Member States and address financial stability risks linked to non-bank financial intermediation.
Policy & regulationRules & requirementsLiquidity risk
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2025-04-15•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market updated its prudential framework, easing treatment of small monthly deviations and expanding recognition of liquid financial instruments for ratio calculations. It streamlined the administrative process for remediation plans, approved technical amendments for trade repository authorisation, addressed approvals like share issue registrations and a draft resolution on critical infrastructure, and established a Coordination Council for pension reform.
Policy & regulationRules & requirementsLiquidity riskPrudential risks
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2025-04-15•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market met with the American Chamber of Commerce in Ukraine to enhance communication with market participants and discuss stock market development priorities. Chairman Ruslan Magomedov emphasized understanding market needs and ongoing discussions on funding tools and digitalization. The Commission plans to continue stakeholder meetings and anticipates virtual asset market growth following new legislation.
Policy & regulationReform agendas & prioritiesMarket development
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2025-04-15•Saudi Arabia•Saudi Arabian Monetary Authority
Electronic payments made up 79% of total retail payments in 2024, up from 70% in 2023, as part of the Financial Sector Development Program, according to the Saudi Arabian Monetary Authority (SAMA). This rise is due to SAMA-led initiatives to broaden payment options, aligning with Saudi Vision 2030's goal to reduce cash reliance. SAMA plans to further expand digital payments by enhancing national payment systems infrastructure with partners.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-15•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank published research indicating 67% consumer openness to a digital euro, with high willingness to use it even offline. The survey revealed preferences for storage methods and highlighted that uncertainty in debit-card availability increased cash and digital euro holdings. The findings align with ongoing European discussions on digital euro legislation and technical development, with no decisions yet on holding limits.
ResearchCBDC
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2025-04-15•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released a market view on insurers' closed-book life insurance portfolios, emphasizing maintaining customer interests during consolidation. The review, covering about 8 million policies, identified areas for improvement and noted increased complaint risks post-mergers and acquisitions. The AFM will continue monitoring using a data-driven approach, combining quantitative and qualitative assessments.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-04-15•Dominica•Dominica Financial Services Unit
The Dominica Financial Services Unit has revoked the Money Services Business licence of Financial Services Inc.-Fast Cash, an MSB Class E (Pay day Advance), effective 3 January 2025 under Section 33 of Dominica’s Money Services Business Act (2017 Revised Laws). The firm is no longer authorised to operate as a money services business or conduct related financial transactions, including micro financing, with the revocation also published in the Gazette dated 20 March 2025.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-15•Dominica•Dominica Financial Services Unit
The Dominica Financial Services Unit has revoked The National Cooperative Credit Union Limited’s licence to operate as an agent for JN Money Services Limited, a Money Services Business Class A (money transmission), effective 3 January 2025. NCCU is no longer authorised to operate as a money services business or provide related financial transactions such as remittance services under that agency arrangement, with the action taken under section 33 of the Money Services Business Act and published in the Gazette of 20 March 2025.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-15•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela has appointed Laura Carolina Guerra Angulo as its new president and confirmed a new board of directors, as per a decree in the Extraordinary Official Gazette. Guerra previously led the Social Protection Fund for Bank Deposits and the National Development Fund. The new board includes Economy and Finance Minister Anabel Pereira Fernández and five other directors.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-15•West Africa•Central Bank of West African States
The Central Bank of West African States (BCEAO) has been designated by the Council of Ministers of the West African Monetary Union as the Union’s macroprudential authority. This role involves preventing crises and mitigating systemic risks, with responsibilities including cross-cutting monitoring of financial vulnerabilities and coordinating crisis responses.
Institutional developmentMandate & organizational structureMacroprudential policy and toolsFinancial stability and systemic risk
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2025-04-15•West Africa•Central Bank of West African States
The Central Bank of West African States announced a new financial inclusion strategy for the West African Economic and Monetary Union, targeting 90% adult usage of financial services by 2030. This 2025–2030 strategy, replacing the 2016 framework, focuses on expanding access to savings, credit, and insurance, particularly for underserved groups. It is structured around five pillars: legal framework enhancement, microfinance sector strengthening, financial innovation, education, and data utilization.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2025-04-15•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has amended the Non-Banking Finance Companies and Notified Entities Regulations, 2008, revising the Total Expense Regime for mutual and pension funds and enhancing Shariah compliance for collective investment schemes. Changes include replacing the Total Expense Ratio cap with management fee caps by July 1, 2025, and requiring detailed expense disclosures. Shariah Compliance Certificate requirements are relaxed for similar schemes, with mandatory certificates for non-compliant schemes by September 30, 2025, and an Annual Shariah Advisor’s Report introduced.
Policy & regulationRules & requirementsOther
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2025-04-15•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan proposes amendments to the Companies Regulations, 2024, to create a centralized ultimate beneficial ownership registry. This aims to enhance financial transparency and align Pakistan's anti-money laundering and counter-terrorist financing framework with international standards. Companies must submit UBO information via the eZfile portal, accessible to financial institutions.
Policy & regulationRules & requirementsBeneficial ownership
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2025-04-15•Georgia•National Bank of Georgia
The National Bank of Georgia released an interactive press release detailing money transfer statistics for March 2025, accessible on its website's statistics section.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-15•Algeria•Algeria Market Authority (COSOB)
Algeria Market Authority President Youcef Bouzenada took part in the Algerian-Chinese investment business forum in Algiers. The event was organized by the Algerian Investment Promotion Agency and focused on sustainable economic cooperation.
OtherCross-border cooperation
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2025-04-15•Italy•Bank of Italy
The Bank of Italy published seven papers in its Questioni di Economia e Finanza series, addressing productivity trends, migration policy, systemic and market risk in the financial sector, demographic influences on consumption, and the Italian venture capital market. The studies analyze post-pandemic productivity in the U.S. and euro area, migration flows in Europe, systemic risk exposure of Italian financial institutions, and market risk in securities portfolios.
ResearchOther
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2025-04-15•Italy•Bank of Italy
The Bank of Italy released the text of a hearing where Andrea Brandolini, Deputy Head of its Economics and Statistics Department, addressed the Italian Chamber of Deputies' inquiry commission on the economic and social impacts of the demographic transition.
Other
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2025-04-15•Italy•Bank of Italy
The Bank of Italy has appointed four members to the Arbitration and Conciliation Board (ABF) for the Bari, Bologna, Rome, and Turin panels. These appointments follow nominations from Confindustria in agreement with Confcommercio, Confagricoltura, and Confartigianato.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-15•North Macedonia•National Bank of the Republic of North Macedonia
Governor Anita Angelovska-Bezhoska of the National Bank of the Republic of North Macedonia highlighted the link between financial literacy and reduced income inequality. She discussed the central bank's initiatives, including a national Strategy for Financial Literacy and Financial Inclusion, and outreach efforts for diverse groups. Angelovska-Bezhoska cited research linking global income inequality to financial literacy disparities and noted the country's financial literacy score aligns regionally but lags behind the EU.
Financial literacy & educationFinancial literacy and education
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2025-04-15•China•Central Bank of the Republic of China
The People's Bank of China and regulatory bodies launched a trial system to standardize data collection in technology, green, inclusive, pension, and digital finance. The framework sets unified requirements for statistical coverage, definitions, and data management across banking, securities, insurance, and financial market infrastructure. It introduces over 200 indicators aligned with national standards, with the People's Bank of China coordinating data aggregation and report compilation.
Policy & regulationImplementation, projects & pilotsRegulatory reportingSupervisory data
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2025-04-15•Italy•Bank of Italy
Andrea Brandolini, Deputy Director General of the Bank of Italy, addressed the Parliamentary Committee of Inquiry on the economic and social effects of the current demographic transition during a Chamber of Deputies hearing.
Other
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2025-04-15•Italy•Bank of Italy
The Bank of Italy appointed four members to the Arbitration Board of Financial Banking (ABF) Collegi in Bari, Bologna, Rome, and Turin. The appointments followed nominations by Confindustria, in agreement with Confcommercio, Confagricoltura, and Confartigianato.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-15•Italy•Bank of Italy
The Bank of Italy released seven Occasional Papers examining topics such as post-pandemic productivity in the U.S. and euro area, systemic risk comparisons between Italian insurers and banks, and the Italian venture capital market. Other papers address migration flows in Europe, market risk of securities held by Italian financial institutions, and the impact of demographic structures on household consumption.
ResearchOther
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2025-04-15•United States•National Credit Union Administration
The National Credit Union Administration, with the FDIC, Federal Reserve Board, and Office of the Comptroller of the Currency, has temporarily suspended certain appraisal requirements for real estate transactions in Los Angeles County to aid recovery from wildfires and wind damage. This allows transactions without appraisals if the real estate value supports it. The suspension is effective until January 8, 2028, with ongoing monitoring for safe lending practices.
Policy & regulationRules & requirementsOther
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2025-04-15•Europe•European Banking Authority
The European Banking Authority's report highlights a significant gender pay gap and stable remuneration practices from 2021 to 2023. Investment firms show higher, less stable variable-to-fixed remuneration ratios, with a notable gender pay gap due to women's underrepresentation in higher-paid roles. The EBA urges further analysis of these disparities and is revising its governance guidelines to enhance gender monitoring.
ResearchDiversity and inclusion
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2025-04-15•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority released a discussion paper proposing a new Payment Services Act to replace the Money Service Business Act 2016, aiming for a risk-based regulatory framework aligned with international standards. The proposals include licensing requirements for Digital Wallet Providers, Payment-Handling Providers, and Payment Technology Providers, with a tiered licensing structure. Exclusions and exemptions are outlined for certain financial institutions and activities, with feedback requested by 15 May 2025.
Policy & regulationRules & requirementsLicensing framework and process
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2025-04-15•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) issued a regulatory standard for updating sums insured for housing-related risks in Q3 2025, using specified indices. The Building Index (IE) is set at 561.38, the Home Contents Index (IRH) at 340.30, and the Combined Index (IRHE) at 472.95, with noted quarterly and annual increases. The draft standard underwent public consultation without receiving comments.
Policy & regulationRules & requirementsOther
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2025-04-15•Finland•Bank of Finland
The Bank of Finland released its 2024 Data Balance Sheet, detailing data and technology initiatives alongside its Annual Report. The publication, available in Finnish and English, covers data production, information management, security, and strategic projects like AI integration and cloud migration. New features include popular content selections and an overview of training and events to enhance information management skills.
Institutional developmentTechnology & data transformationArtificial intelligenceData protection
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2025-04-15•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina released data on the banking system entities as of 31 December 2024, including tables and charts.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-15•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that the District Court has set 14 September 2026 for the trial of four individuals accused of participating in a ramp-and-dump syndicate. The defendants pleaded not guilty to conspiracy to defraud in securities transactions under relevant ordinances. Bail was granted with conditions including travel restrictions and cash bail amounts.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-04-15•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited co-organised the inaugural International Carbon Markets Summit in Hong Kong, focusing on scaling global voluntary carbon markets. Attended by over 200 participants, the event addressed challenges in market scaling, cross-border transactions, and technology's role in market linkages. Discussions emphasized harmonizing international standards for credit issuance and secondary trading to enhance market integrity and growth.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-15•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) reported a rebound in household demand for housing loans and a continued decline in corporate credit demand in the first quarter of 2025, driven by falling interest rates and increased household incomes. Mortgage demand is expected to rise further in the second quarter, while corporate loan demand may see a slight uptick. The survey highlights the impact of European Central Bank policy rate cuts from 4% to 2.5% on borrowing costs.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-04-15•Costa Rica•Superintendencia General de Seguros de Costa Rica
The Board of Directors of the Costa Rican Social Security Fund has established a technical team to develop reform proposals for the Invalidity, Old Age and Death pension regime. The team, comprising government, employer, and worker representatives, will meet monthly from April to October 2025. Labour-sector organisations are coordinating member appointments, and strategic actions are to be presented by 15 May 2025.
Policy & regulationReform agendas & priorities
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2025-04-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Life Insurance Claims and Disputes Statistics for the period from 1 January 2024 to 31 December 2024, detailing outcomes for 16 Australian life insurers. This data is integrated into the Australian Securities and Investments Commission's MoneySmart tool, which evaluates insurers using metrics such as claims acceptance rates, payment times, disputes, and policy cancellations.
Data & statisticsSupervisory dataEnforcement statistics
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2025-04-15•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 Kazakhstan, with the National Bank, is drafting a new banking law to modernize the framework. Key proposals include a basic banking license with asset size limits, enhanced consumer protection, and a three-stage regime for distressed banks. The draft also supports Islamic banking, expands macroprudential tools, and establishes a foundation for national digital financial infrastructure.
Policy & regulationRules & requirementsLicensing framework and processPrudential risks
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2025-04-15•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 approved Elena Salimovna Ibraeva as chief accountant in the banking sector under Protocol No. 26/БВУ/П.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-15•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that Feldmans Management (Overseas) Ltd has waived its authorization to provide administrative services as of 3 March 2025. Consequently, its CySEC authorization (No. 58/196) has lapsed, and the company has been permanently removed from the licensed persons’ register.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-15•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission released its quarterly statistics bulletin for Q4 2024, highlighting a 10.21% increase in assets under management (AUM) to EUR 10.1 billion, driven by new capital. The report details the composition of the 321 supervised entities and the distribution of AUM across various management companies and investment types, with significant investments in transferable securities and private equity.
Data & statisticsSupervision process and methodologies
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2025-04-15•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that Cayros Capital Investment Management Limited has initiated the dissolution and liquidation of BLOM INVESTMENTS RAIF L.P., a Registered Alternative Investment Fund. The fund will remain on the RAIFs Registry marked "under liquidation" until the process is completed and confirmed by CySEC.
SupervisionAuthorisations & approvalsOther
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2025-04-15•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) warned that eight websites are not linked to any authorised investment service providers under Article 5 of Law 87(I)/2017. CySEC advises investors to verify the licensing status of firms on its website before engaging in investment activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to Chong Hing Bank Limited. The HKMA emphasized that banks will not request sensitive personal information via SMS, email, or embedded hyperlinks. Customers who have interacted with these fraudulent sites are advised to contact Chong Hing Bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-04-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to Shanghai Commercial Bank Limited. The HKMA reminded customers that banks will not send messages with embedded hyperlinks or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens impersonating The Bank of East Asia, Limited. The HKMA emphasized that banks will not send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-04-15•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria released March 2025 statistical data on banknotes and coins in circulation. The data is available as dynamic time series in tabular form in the "Statistics of banknotes and coins in circulation" section, accompanied by a dissemination calendar.
Data & statisticsCurrency and cash management
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2025-04-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced updates to financial sanctions regimes, including Belarus, ISIL (Da’esh) and Al-Qaida, and others. Firms are directed to the Treasury’s Sanctions and Export Control webpage for current notices and subscription options for ongoing updates.
Policy & regulationGuidance & interpretationSanctions list update
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2025-04-15•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland's Economic Commentary assesses the reserve buffer needed for the Federal Reserve to sustain an ample-reserves framework during quantitative tightening. Economist Joe Haubrich proposes a buffer of USD 90 billion to USD 130 billion, but demand shocks could increase this to USD 800 billion to USD 860 billion. The analysis underscores uncertainty in determining the optimal reserve level to avoid upward pressure on the federal funds rate.
ResearchLiquidity risk
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2025-04-15•Qatar•Qatar Central Bank
Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani met with U.S. Department of the Treasury Acting Assistant Secretary for Terrorist Financing Anna Morris to discuss strengthening bilateral relations and collaboration in the financial and banking sectors.
Policy & regulationCooperationCross-border cooperation