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2025-04-14•Serbia•National Bank of Serbia
The National Bank of Serbia reported significant growth in the IPS NBS instant payments system for 2024, with volumes up 30.2% and values exceeding RSD 1 trillion for the first time, a 45.5% increase from 2023. The system processed 87.2 million payments, with daily records broken multiple times, and saw more indirect participants and service providers. The report also highlights various IPS services and directs users to detailed statistics on the central bank's website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-14•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan celebrated the anniversaries of the Azerbaijan Banks Association (ABA) and its subsidiary, highlighting banking sector advancements and increased resilience. Central Bank chair Taleh Kazimov emphasized ABA's role in financial inclusion and innovation, supported by collaboration with the Central Bank. The event included remarks from key officials and acknowledged the Training Center's impact on professional development.
Policy & regulationCooperationOther
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2025-04-14•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission issued Circular Letter No. 2025-11, revising capitalization and prudential requirements for health maintenance organizations (HMOs) based on a new net worth tiering framework. This framework categorizes HMOs into four tiers, each with specific risk-taking limits, liquidity requirements, and operational permissions. The circular also mandates security deposits and sets liquidity standards, with varying investment and dividend declaration rules across tiers.
Policy & regulationRules & requirementsCapital adequacy
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2025-04-14•Albania•Albania Financial Services Authority
The Albania Financial Services Authority attended the fourth Albania–EU Intergovernmental Conference in Luxembourg, initiating negotiations for the second cluster of chapters on the "Internal Market". Executive General Director Mimoza Kaçi represented the Authority as negotiator for Chapter 9 "Financial Services". The Authority emphasized its commitment to aligning the financial sector's legal and regulatory framework with EU standards.
Policy & regulationCooperationCross-border cooperation
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2025-04-14•Europe•European Council
The European Council initiated negotiations on Cluster 2, Internal Market, with Albania during the fourth Accession Conference at the ministerial level. This cluster includes chapters on free movement, company law, competition policy, and financial services. Ongoing monitoring of Albania's alignment with EU standards will continue throughout the negotiations.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission amended the designation details for PARAMOUNT ENERGY AND COMMODITIES DMCC and Niels Oscar TROOST under the Russia (Sanctions) (EU Exit) Regulations 2019. Both remain subject to asset freeze, director disqualification, transport sanctions, and trust services sanctions, with TROOST also facing a travel ban. Firms must freeze relevant funds, report to the States of Guernsey Policy & Resources Committee, and comply with reporting obligations under the Sanctions (Bailiwick of Guernsey) Law, 2018.
Policy & regulationGuidance & interpretationSanctions list update
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2025-04-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has amended the UK consolidated list entry for Marina Tauber under the UK Global Anti-Corruption Sanctions Regulations 2021, maintaining an asset freeze in Guernsey. Firms must verify accounts with designated persons, freeze assets, and report to the States of Guernsey Policy & Resources Committee. Compliance with the Sanctions (Bailiwick of Guernsey) Law, 2018, and Handbook Rule 12.37 is required, except for permitted derogations or licensed transactions.
Policy & regulationGuidance & interpretationSanctions list update
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2025-04-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued an Iran sanctions notice designating Foxtrot Network and Rawa Majid under the UK Iran (Sanctions) Regulations 2023, mandating an asset freeze and inclusion on the consolidated list. Businesses must verify relationships with designated persons, freeze assets, and report to the States of Guernsey Policy and Resources Committee per section 14 of the Sanctions (Bailiwick of Guernsey) Law, 2018. Firms must also report affected relationships to the Commission under Handbook Rule 12.37.
EnforcementSanctions & designationsNew sanctions designations
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2025-04-14•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario issued a notice about rising insurance transactions by unlicensed agents, urging insurers to detect, prevent, and remediate such activities. The notice attributes the issue to inadequate controls within firms, posing risks like invalid policies and increased costs for consumers. Insurers are advised to enhance internal controls, report unlicensed activities, and take immediate corrective actions.
SupervisionAlertsLicence withdrawal
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2025-04-14•Nigeria•Nigeria National Insurance Commission
The Nigeria National Insurance Commission (NAICOM) released an updated directory of licensed insurers authorized for motor insurance in Nigeria, aiming to enhance transparency and consumer protection. NAICOM advises the public to verify insurers against this list to ensure policy validity and access to regulatory safeguards.
Policy & regulationGuidance & interpretationLicence approval
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2025-04-14•Nigeria•Nigeria National Insurance Commission
Nigeria’s National Insurance Commission (NAICOM) warned against unauthorized third-party motor insurance operators, naming the National Cooperative Insurance Society of Nigeria (NCIS) as unlicensed. NAICOM stressed that only it can license insurers under the NAICOM Act 1997 and the Insurance Act 2003, highlighting benefits from licensed insurers. The alert follows enforcement by the Nigeria Police Force and Federal Road Safety Corps, with potential prosecution for NCIS if activities persist.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-14•Malta•Central Bank of Malta
The Central Bank of Malta's Acting Governor, Alexander Demarco, participated in the informal Economic and Financial Affairs meeting in Warsaw on 11–12 April 2025. The meeting focused on enhancing the competitiveness of European financial markets, particularly through the Savings and Investment Union.
OtherCross-border cooperation
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2025-04-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs highlighted Chairman Tim Scott's visit with Housing and Urban Development Secretary Scott Turner to One80 Place in Charleston, South Carolina, focusing on its USD 44 million affordable housing project. The statement emphasized the ROAD to Housing Act's role in reducing regulatory barriers and noted that Opportunity Zones have attracted USD 84.7 billion in investments, spurring significant development. Scott aims to collaborate with President Trump and Republican colleagues to expand Opportunity Zones.
Policy & regulationReform agendas & prioritiesOther
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2025-04-14•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs, chaired by Tim Scott, summarized its first 100 days, focusing on digital assets, bank access, and consumer credit. Key developments include a bipartisan payment stablecoin framework, the GENIUS Act for stablecoin regulation, and actions against "debanking." The committee advanced the Credit Access and Inclusion Act and a resolution to overturn the Consumer Financial Protection Bureau's overdraft rule, with personnel confirmations and nominations highlighted.
Policy & regulationRules & requirementsFintech and insurtechRegulatory sandbox
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2025-04-14•United Kingdom•HM Treasury
HM Treasury released outcomes of the 13th UK-India Economic and Financial Dialogue, highlighting a GBP 400m trade and investment package and efforts for a Free Trade Agreement and Bilateral Investment Treaty. The dialogue emphasized cooperation in defence, financial services, and education, with plans for deeper policy collaboration on the UK Industrial Strategy and sustainable finance. Key developments include Paytm's UK investment, Barclays' capital injection in India, and HSBC's expansion in Indian cities.
Policy & regulationCooperationCross-border cooperation
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2025-04-14•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority’s Regional Center for Sustainable Finance launched a monthly newsletter, “Sustainability Around the World,” to boost awareness of sustainability and voluntary carbon markets in the non-banking financial sector. It compiles international news and research, offering Arabic translations and links to original sources. This aligns with the Authority’s financial literacy strategy and the Center’s efforts in promoting sustainable finance and responsible investment.
Financial literacy & educationClimate risk and sustainable finance
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2025-04-14•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's research note highlights fintech's transformative impact on ASEAN financial services, emphasizing its potential to complement traditional banking. It reports ASEAN-6's share of global fintech investment rose from 2% in 2018 to 7% in 2022, with Singapore, Thailand, and Indonesia leading. The note underscores the ASEAN Financial Innovation Network's role in fostering regional fintech integration and cross-border payment connectivity.
ResearchFintech and insurtech
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2025-04-14•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority released a thematic review of depositaries for UCITS and alternative investment funds, highlighting capacity and compliance gaps in sustainability-related checks. Despite increased automation, personnel resources remain low, and some depositaries fail to verify fund valuations as required. The review also noted market concentration, with three depositaries holding 95% of EUR 180.8 billion in assets as of June 2024.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2025-04-14•Russia•Central Bank of Russia
The Central Bank of Russia reported an average maximum interest rate of 20.05% for Russian rouble deposits at the 10 largest credit institutions for the first 10 days of April 2025. The rate is an arithmetic mean of each bank’s maximum deposit rate available to any client without limitations, excluding special conditions and products. Average maximum rates by maturity were 18.84% (up to 90 days), 19.49% (91–180 days), 19.37% (181 days to one year), and 17.81% (over one year).
Data & statisticsFinancial and market indicators
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2025-04-14•Russia•Central Bank of Russia
The Central Bank of Russia's 2024 review highlights a slowdown in asset growth for financial institutions due to tight monetary conditions, while profitability improved. Banks led in asset growth, with non-bank financial institutions also seeing dynamic growth in specific products. Management companies were the most profitable non-bank segment, despite a decline in brokerage clients' asset proportion.
Data & statisticsAsset quality
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2025-04-14•Albania•Bank of Albania
The Bank of Albania hosted a working visit from the Central Bank of the Republic of Azerbaijan from 9–11 April 2025 to enhance bilateral cooperation in bank resolution. Discussions led by Anar Mukhtarov, Head of the Resolution Department, focused on Albania's resolution framework, objectives, and inter-institutional cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-04-14•Chile•Chile Financial Market Commission
Chile's Financial Market Commission (CMF) will apply Pillar 2 capital requirements to Banco Santander-Chile due to rectifications in previously reported information. The bank can meet these requirements through reallocating existing equity, as it already maintains headroom above minimum regulatory standards. Banco Santander-Chile must constitute 50% of the requirement by June 30, 2025, as part of a gradual implementation process.
SupervisionInterventionsCapital adequacy
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2025-04-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission will publish the certificate for the Conventional Current and Maximum Interest Rates in the Official Gazette on 15 April, with rates effective upon publication. Law No. 18.010 mandates monthly publication on both the Commission's website and in the Official Gazette, with advance posting on the website.
Policy & regulationImplementation, projects & pilotsFinancial and market indicators
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2025-04-14•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has finalized regulations establishing criteria for appointing interventors under the Fintech Act. The rules ensure interventors for securities intermediaries, commodity exchange brokers, and financial instrument custodians possess necessary experience and knowledge. The regulations are effective immediately.
Policy & regulationRules & requirementsFintech and insurtech
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2025-04-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has released a draft regulation for consultation, establishing minimum standards for security, registration, and authentication in electronic payments and transfers under Article 4 of Law No. 20,009. The proposal targets banks, support companies, payment card issuers, and savings and credit cooperatives, detailing requirements for transfer security and reinforced client authentication.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-14•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Market Participants Division clarified that certain U.S. Treasury exchange-traded funds (UST ETFs) qualify as eligible margin collateral for uncleared swap transactions under Regulation 23.156. This allows swap dealers to use UST ETF shares as initial and variation margin with covered counterparties and financial end users. The clarification follows a recommendation from the CFTC’s Global Markets Advisory Committee.
Policy & regulationGuidance & interpretationCredit risk
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2025-04-14•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission extended VIGOR FINANCE's authorization to include placing financial instruments without a firm commitment and advising on capital structure. IOLCUS INVESTMENTS' authorization now includes Fund of Funds, Private Equity Fund, and Real Estate Fund strategies. Additionally, the redemption of UCITS units was suspended for 24 December 2025, despite it not being an official Athens Exchange holiday.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-14•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission released two reports providing updated data and analysis on registered investment companies and money market funds. The Annual Registered Investment Company Update includes statistics from Form N-CEN, while the enhanced Money Market Fund Statistics report offers expanded metrics from Form N-MFP. Both reports extend historical data back to 2010 and are available in a structured, downloadable format.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-14•China•China Securities Regulatory Commission
The China Securities Regulatory Commission and the Ministry of Finance have revised rules for accounting firms filing to provide securities services, enhancing oversight and standardizing practices. Firms can now submit filings through either regulator's online system, with automatic data sharing to prevent duplicate submissions. The procedures outline workflows for first-time, significant change, and annual filings.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-04-14•Malta•Malta Financial Services Authority
The Malta Financial Services Authority (MFSA) released findings from a 2024 supervisory exercise on issuers' Market Abuse Regulation controls, noting high compliance in maintaining insider lists but identifying weaknesses in insider communication timing and content. The review covered 28 issuers, with most using MFSA templates and retaining lists for over five years. A Dear CEO Letter was issued to address shortcomings and provide further guidance.
SupervisionReviews, inspections & stress testsMarket abuse
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2025-04-14•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) approved General Resolution No. 1061, updating the independence and conflict of interest framework for Risk Rating Agents and revising the minimum net worth requirement, now in Unidades de Valor Adquisitivo (UVA). Mutual fund unit holdings by rating committee members and key personnel are exempt from trading prohibitions and abstention requirements, unless related to management quality ratings. An adjustment period for the net worth requirement is set until the financial statement filing date of 30 September 2025.
Policy & regulationRules & requirementsCredit ratings
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2025-04-14•Moldova•National Bank of Moldova
The National Bank of Moldova is developing an Executive Committee decision to amend regulations for management roles and key function holders at insurers and reinsurers, including third-country branches and liquidators. The amendments aim to enhance the assessment process and introduce an interview procedure for transparent candidate selection, aligning with international best practices.
Policy & regulationRules & requirementsCorporate governance
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2025-04-14•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance is advancing a new Information Regime to modernize insurers' financial statement submissions, enhancing efficiency, accuracy, and transparency. The regime, presented on 10 April, utilizes a microservices architecture to streamline data entry and integration with insurers' systems. The SSN plans to collaborate with market stakeholders for a gradual rollout.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-04-14•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance requires insurers to submit weekly and monthly investment information via the Régimen de Información (RI) system from 14 April 2025, replacing the SINENSUP system. Insurers must request activation in RI through the TAD procedure and provide necessary details for access. The RI test environment and SINENSUP module will be available until 10 July 2025, after which submissions will be exclusively through RI.
Policy & regulationRules & requirementsRegulatory reporting
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2025-04-14•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) has renewed its Geographic Targeting Orders (GTOs) requiring U.S. title insurance companies to identify the natural persons behind shell companies in non-financed residential real estate purchases. The GTOs, effective from April 15 to October 9, 2025, maintain jurisdictional coverage and a purchase price threshold of USD 300,000, except in Baltimore where it is USD 50,000.
Policy & regulationRules & requirementsAML and CFTBeneficial ownership
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2025-04-14•South Korea•Bank of Korea
The Bank of Korea published the "Trade Settlement Currency in Korea 2024" statistics, detailing the currency composition for export and import settlements. Exports were mainly settled in U.S. dollars (84.5%), with the euro, Korean won, Japanese yen, and Chinese yuan following. Imports were also predominantly in U.S. dollars (80.3%), with the Korean won, euro, Japanese yen, and Chinese yuan as secondary currencies.
Data & statisticsBalance of payments and other external statistics
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2025-04-14•Denmark•National Bank of Denmark
The National Bank of Denmark has initiated a final public campaign urging the return of DKK 1,000 banknotes and older series before their withdrawal from legal tender on 31 May 2025. Despite DKK 20.6 billion already returned, DKK 4.6 billion remains in circulation. Post-withdrawal, expired notes can be redeemed for 12 months at designated depositing points.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-04-14•Taiwan•Central Bank of Taiwan
In March 2025, the Central Bank of Taiwan authorized new foreign exchange activities, including approvals for Shanghai Commercial & Savings Bank to engage in foreign currency interest rate swaps and CTBC Bank to issue USD-denominated senior unsecured structured notes. Amundi Taiwan Limited was approved to act as a local mandated agent for an offshore fund institution and conduct private placements. Additionally, one bank branch was approved to operate foreign exchange business, with a total of 3,455 authorized banks reported by the end of March.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-14•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury added Rawa Majid and the Foxtrot Network to the Iran (Sanctions) Regulations 2023, effective via the Sanctions (Implementation of UK Sanctions) Regulations 2024. These designations, linked to hostile activities involving Iran, impose an asset freeze. Entities must freeze assets immediately upon suspicion and report to the Financial Intelligence Unit, ensuring compliance with ownership and control screening.
EnforcementSanctions & designationsSanctions list update
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2025-04-14•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury corrected the UK sanctions list under the Global Anti-Corruption regime, affecting Marina Tauber, a Moldovan MP. The corrected entry, effective via the Sanctions (Implementation of UK Sanctions) Regulations 2024, maintains an asset freeze on Tauber. Compliance includes freezing assets, verifying false positives, and reporting to the Financial Intelligence Unit, with sanctions circumvention being a criminal offence.
Policy & regulationRules & requirementsSanctions list update
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2025-04-14•United Arab Emirates•ADGM Financial Services Regulatory Authority
The Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA) has acted against the HAYVN group, related entities, and former CEO Christopher Flinos for serious breaches. Actions include canceling AC Limited’s Financial Services Permission, indefinitely prohibiting Flinos from ADGM roles, and imposing USD 8.85 million in penalties. Violations involved unlicensed activities, inadequate controls, and misleading information, with cooperation from ADGM’s Registration Authority and the Cayman Islands Monetary Authority.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-14•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its April 2025 schedule for secondary market prices of Bahamas Registered Stock, detailing bid and ask prices and yields for fixed-rate and floating-rate issues. The schedule includes ISIN-level data such as issue and maturity dates, nominal value, and annual coupon rates. Prices exclude accrued interest, and floating-rate securities reset coupons semi-annually at the prevailing market rate.
Data & statisticsFinancial and market indicators
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2025-04-13•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said its officials visited the Omani Financial Services Authority to implement a bilateral cooperation memorandum signed in Muscat in October. The visit focused on sharing experience in financial market development and anti-money laundering and counterterrorist financing practices.
Policy & regulationCooperationCross-border cooperationAML and CFT
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2025-04-13•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported that the outstanding stock of total social financing reached CNY 422.96 trillion at the end of March 2025, marking an 8.4% increase year on year. RMB loans to the real economy were CNY 262.18 trillion (+7.2%), while government bonds rose to CNY 84.96 trillion (+19.4%). The statistical scope was expanded from January 2023 to include certain non-deposit-taking banking institutions.
Data & statisticsMonetary data
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2025-04-13•China•Central Bank of the Republic of China
The People's Bank of China reported a CNY 15.18 trillion increase in total social financing for Q1 2025, up CNY 2.37 trillion from the previous year. CNY loans to the real economy rose by CNY 9.70 trillion, while foreign currency loans declined by CNY 96.7 billion. The data now includes consumer finance, wealth management, and financial asset investment companies, affecting the "CNY loans to the real economy" and "loan write-offs" series.
Data & statisticsMonetary data
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2025-04-13•Bermuda•Ministry of Finance (Bermuda)
Bermuda’s Ministry of Finance reported Premier David Burt met with Ireland’s Minister of Finance, Paschal Donohoe, in Warsaw to discuss strengthening bilateral cooperation as financial centres. They emphasized ongoing technical collaboration between the Bermuda Monetary Authority and the Central Bank of Ireland, particularly in insurance, and the importance of continued regulator-to-regulator engagement in insurance and digital finance.
Policy & regulationCooperationCross-border cooperation
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2025-04-13•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is collaborating with the insurance sector to expedite damage inspections and claims processing after an earthquake in Myanmar affected parts of Thailand. The OIC has coordinated with loss adjuster associations to deploy adjusters promptly and improve efficiency by sharing condominium insurance data. Policyholders are advised to document damage thoroughly and be cautious of fraudsters offering claims assistance.
SupervisionCooperationOther
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2025-04-13•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF), with the Financial Action Task Force (FATF), launched a five-day FATF Standards Training Course in Doha, Qatar, to enhance understanding of anti-money laundering and counter-terrorist financing standards among MENAFATF members. The course, from 13 to 17 April 2025, involves over 40 participants and aims to support the development of effective AML/CFT systems.
Policy & regulationImplementation, projects & pilots
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2025-04-13•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) commenced a FATF Standards Training Course in Doha, Qatar, focusing on anti-money laundering, counter-terrorist financing, and counter-proliferation financing. The five-day programme, running from 13 to 17 April 2025, aims to enhance understanding and implementation of FATF Standards among over 40 participants from MENAFATF member countries.
Policy & regulationImplementation, projects & pilots
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2025-04-13•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait reminds that the deadline to exchange 5th edition Kuwaiti dinar banknotes is 18 April 2025, with exchanges requiring in-person submission at the Banking Hall with identification and a completed form.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-04-13•Oman•Central Bank of Oman
The Central Bank of Oman’s Board approved the 2024 closing accounts for the CBO, the Banking Deposits Protection Scheme, and the Oman Credit and Financial Information Center. The meeting reviewed global and regional developments, banks’ financial soundness, foreign investments, and financial stability prospects. Discussions included SME data, Omanization, succession planning, and reports on financial technologies and Sharia compliance.
Institutional developmentGovernanceOther
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2025-04-13•Thailand•Thailand Securities & Exchange Commission
Thailand's SEC announced amendments to the Digital Asset Business Law and Cybercrime Law, effective 13 April 2025, to restrict unlicensed foreign digital asset platforms serving Thai residents. The amendments authorize the Ministry of Digital Economy and Society to block non-compliant operators and require digital asset operators to implement cybercrime prevention measures similar to commercial banks. The SEC emphasized coordination with agencies for compliance and warned investors about risks of using unlicensed foreign platforms.
Policy & regulationRules & requirementsLicensing and supervisory feesUnlicensed or unauthorized activity
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2025-04-13•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority (PMA) reported that Governor Yahya Shunnar met with the Nablus Businessmen Forum to discuss enhancing cooperation between the banking and private sectors. Discussions focused on the PMA's role in supporting economic activity, advancing electronic payment services, promoting financial inclusion, and fostering a secure banking environment. The Forum commended the PMA's efforts in maintaining financial stability and facilitating access to financing, while highlighting challenges faced by merchants.
Policy & regulationCooperationDomestic cooperation
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2025-04-13•United Arab Emirates•Dubai International Financial Centre
Dubai International Financial Centre will host the third Dubai FinTech Summit on 12-13 May 2025 at Madinat Jumeirah, Dubai, themed "FinTech for All." The event will feature over 8,000 attendees, 300 speakers, and 1,000 investors, focusing on AI-driven services, blockchain, digital banking, investment trends, and cross-border regulations. The Summit includes an exhibition with 200 exhibitors and the FinTech World Cup for start-ups.
OtherFintech and insurtech
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2025-04-12•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) conducted an outreach session on takaful insurance for students from Morogoro Muslim University, aiming to enhance public insurance education. Takaful, a Sharia-compliant cooperative insurance model, was presented as a solution to concerns about conventional insurance, such as interest (riba).
Financial literacy & educationFinancial literacy and education
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2025-04-12•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance participated in the informal EU Economic and Financial Affairs Council meeting in Warsaw, focusing on geopolitical challenges, the Savings and Investments Union initiative, and European security and defence financing. Discussions included military support for Ukraine, regulatory barriers to cross-border investment, proposals for expanding the European Defence Agency's role, macroeconomic uncertainties linked to US trade policy, and promoting low-cost savings and investment products.
Policy & regulationCooperationGeopolitical risk
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2025-04-12•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the World Bank held a conference on enhancing digital payments and capital access for SMEs in Central Asia, aiming to foster sustainable job creation. Discussions focused on credit access improvements, digital lending, and expanding opportunities for women entrepreneurs. The World Bank introduced the ECA FIN-GROW program, set to launch in 2026, to further these initiatives.
Policy & regulationCooperationFinancial inclusionPayments and payment systems
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2025-04-12•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is working with the Department of Disaster Prevention and Mitigation to improve accident-prevention measures and insurance support during Songkran 2025. The OIC is involved in the Songkran Road Accident Prevention and Reduction Operations Center and has directed its offices to engage in public outreach and facilitate insurance services nationwide. Additionally, the OIC will provide 24-hour insurance advice and urges travellers to verify their insurance coverage during the holiday.
Policy & regulationCooperationOther
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2025-04-12•Brunei Darussalam•Ministry of Finance (Brunei Darussalam)
Brunei Darussalam’s Ministry of Finance reported Minister Mohd Amin Liew bin Abdullah's participation in the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in Kuala Lumpur, focusing on regional monetary integration, sustainable finance, and trade policy coordination. Discussions included public-private collaboration amid geo-economic challenges and cooperation on customs, taxation, and infrastructure financing. The meeting endorsed Malaysia’s 2025 ASEAN Chairmanship theme "Inclusivity and Sustainability," emphasizing the need for a sustainable finance framework to mobilize climate finance.
Policy & regulationCooperationCross-border cooperation
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2025-04-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission held a conference to assess the KRX information technology system's completion and market participants' readiness. The event included the Vietnam Stock Exchange, Vietnam Securities Depository and Clearing Corporation, Hanoi Stock Exchange, Ho Chi Minh Stock Exchange, and the KRX contractor, with over 200 representatives from securities firms and banks. Participants discussed connectivity and operational readiness, and leadership addressed operational process queries.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2025-04-12•Luxembourg•Ministry of Finance (Luxembourg)
Luxembourg's Finance Minister Gilles Roth attended Eurogroup and informal ECOFIN meetings in Warsaw, focusing on euro area economic developments and policy coordination. Discussions included exchange rate and inflation trends, European financial market competitiveness, and financing common European defence. Swiss President Karin Keller-Sutter and Norway’s Finance Minister Jens Stoltenberg also participated.
Policy & regulationCooperationEconomic data and developmentsMonetary policy decisions and developments
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2025-04-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has updated its Q&As on the European Crowdfunding Service Providers for Business Regulation and the Markets in Crypto-Assets Regulation. The updates clarify disclosure obligations for bulletin boards and project owner assessments under ECSPR, and address interactions between registered alternative investment fund managers and MiCA, including guidance on autotrading.
Policy & regulationGuidance & interpretationCrowdfundingDisclosures
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has initiated a public consultation on draft Guidance Notes to aid Bermuda commercial insurers in meeting recovery planning requirements. These notes offer practical guidance on the standards set by the Insurance (Prudential Standards) (Recovery Plan) Rules 2024. A final version will be issued post-consultation.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) issued Guidance Notes for insurers' recovery planning under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024, detailing structure, governance, testing, and integration into risk management. Recovery Plans are mandatory for insurers deemed economically important or systemically significant, with criteria including domestic business and asset thresholds. Plans must include governance, diverse recovery options, scenario analysis, and a communication strategy, with updates required every three years or after significant changes.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority partnered with FINVEO MN to conduct investing workshops for 8th and 9th grade students, introducing them to financial markets through demo trading. Held on 9 and 10 April 2025, the sessions were delivered in English for the first time. The authority plans to continue supporting educational initiatives.
Financial literacy & educationFinancial literacy and education
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2025-04-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of BIR TOWERS, a closed-end real estate investment fund promoted by Eaglestone Capital. The fund will focus on acquiring and developing properties for commercial activities, leasing assets, and reselling properties.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved the registration of KIMU INVEST, a closed-end real estate investment fund for private subscription. The fund, promoted by Independent Finance Advisors, will invest in real estate for various uses, surface rights, other real estate funds, and companies with significant real estate assets.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-11•India•Reserve Bank of India
The Reserve Bank of India updated Lead Bank responsibilities in Rajasthan after the state reorganised districts, merging nine into 12 existing ones. RBI revoked lead bank roles for the nine former districts and reviewed allocations for affected areas, while maintaining unchanged responsibilities for other districts. Key changes include modified allocations for Jaipur and Jodhpur, with specific banks retaining or adjusting their roles in the reorganised districts.
Policy & regulationRules & requirementsOrganizational structure
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2025-04-11•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) warns of frauds via WhatsApp, where scammers pose as financial experts to lure victims into investing in small-cap shares and fraudulent platforms. These schemes promise extraordinary short-term gains and often involve impersonating well-known individuals or entities. The CNMV advises verifying identities, avoiding promises of quick profits, and using authorised advisers and official registers to prevent such scams.
SupervisionAlertsFraud and scams
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2025-04-11•Africa•Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)
The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) concluded its 49th Task Force of Senior Officials Meetings by adopting Eritrea’s Mutual Evaluation Report, updating procedures for the third round of mutual evaluations, and approving follow-up reports for re-rating requests from Angola, Madagascar, Mozambique, and Namibia. These updates align with recent Financial Action Task Force (FATF) changes and will be submitted to the ESAAMLG Council of Ministers for approval.
Policy & regulationRules & requirementsAML and CFT
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2025-04-11•Venezuela•Ministry of Economy & Finance (Venezuela)
Venezuela's Ministry of Economy & Finance released a list of 46 applicants for the Central Bank of Venezuela's Board, following a public call by the Merits and Credentials Evaluation Committee. The committee, established by Decree No. 5,114, will assess the candidates' compliance with legal appointment criteria.
Institutional developmentLeadership change & appointmentsLicensing framework and process
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2025-04-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has taken Federal Court action against Hollard Insurance for allegedly breaching the duty of utmost good faith under the Insurance Contracts Act. The case concerns a 2021 storm damage claim in Victoria, with ASIC accusing Hollard of delaying repairs and rejecting the claim based on non-expert opinion. ASIC seeks declarations and a civil penalty, citing rising insurance complaints and its review of insurers' responses to past findings.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-04-11•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority (Finanstilsynet) found that disclosures by pension companies and asset managers on active ownership are often insufficient for investor understanding. The review highlighted deficiencies in policies and expects clearer disclosures on monitoring investee companies and significant voting explanations. Finanstilsynet issued a good practice report with key observations and supervisory expectations.
SupervisionReviews, inspections & stress testsESGDisclosures
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2025-04-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) issued a scam alert about websites impersonating ASIC Connect to steal sensitive information. These sites mimic the genuine service and may link to real ASIC pages. ASIC advises verifying URLs before entering information and reporting suspected scams. Legitimate ASIC domains include asic.gov.au, connectonline.asic.gov.au, and asicconnect.asic.gov.au. Users suspecting fraud should stop payments, contact their bank, and report incidents to ASIC and Scamwatch.
SupervisionAlertsFraud and scams
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2025-04-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted decisions on rulemaking and authorizations, including amendments to share issuance and registration for joint stock companies. It terminated ORANGE ASSET MANAGEMENT COMPANY LLC's capital markets license and approved share issuances for JSC 'KZKIF SILVER INVESTMENT' and PJSC 'TERNOPIL DAIRY PLANT'. It also registered a corporate bond issuance report for LLC 'FC European Debt Recovery Agency' and approved a director appointment for RIF-NR LLC.
Policy & regulationRules & requirementsLicence withdrawal
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2025-04-11•Netherlands•De Nederlandsche Bank
In his final Eurofi speech, De Nederlandsche Bank Governor Klaas Knot emphasized the need for robust prudential policies and strong bank buffers to maintain resilience amid uncertainty. He advocated for full implementation of Basel III standards in Europe and warned against deregulation that could lower buffers. Knot also supported measures to integrate European financial markets, develop a digital euro, and strengthen multilateral institutions.
Policy & regulationGuidance & interpretationFinancial stability and systemic risk
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2025-04-11•Netherlands•Dutch Authority for the Financial Markets
Dutch Authority for the Financial Markets chair Laura van Geest stresses the need for investors and asset managers to justify their choices, especially in sustainability and passive investing. The column contrasts engagement and exclusion strategies, noting limited real-world impact from engagement and exclusion's effectiveness when alternative financing is scarce. Both strategies affect diversification and returns, while passive investing challenges price discovery and investor choice.
Financial literacy & educationESG
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2025-04-11•Latvia•Central Bank of Latvia
The Central Bank of Latvia announced that SIA xpate, a Latvia-licensed electronic money institution, is the first non-bank payment service provider to directly participate in its Electronic Clearing System (EKS). This marks the first instance in the euro area of a central bank enabling such direct participation. The initiative aligns with the European Central Bank's decision on non-bank access to payment systems and is supported by legislative amendments approved by Saeima.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-11•Andorra•Andorran Financial Authority
The IMF's 2025 Article IV Consultation report on Andorra highlights macroeconomic stability and a robust banking sector. It commends the Andorran Financial Authority's macroprudential buffers but advises continued supervisory vigilance due to banks' systemic importance and international expansion. The report notes potential challenges and opportunities from a possible Association Agreement with the EU, emphasizing the need to enhance anti-money laundering and counter-terrorism financing frameworks.
ResearchFinancial stability and systemic riskSupervision process and methodologies
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2025-04-11•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) warned about fraudulent activities involving the Barwaqt App, previously operated by Seedcred Financial Services Limited. SECP noted individuals falsely offer to alter SFSL-reported loan default records for payment, despite SFSL being non-operational and the app delisted in August 2024. The public is reminded that only authorised credit bureau members can report loan data under the Credit Bureau Act, 2015.
SupervisionAlertsFraud and scams
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2025-04-11•North Macedonia•National Bank of the Republic of North Macedonia
Governor Anita Angelovska-Bezhoska of the National Bank of the Republic of North Macedonia emphasized the link between trade openness and increased female labor participation, warning that deglobalization could reduce global output and disproportionately affect women. She cited World Bank data showing higher female employment in exporting and foreign-owned firms and advocated for reforms to eliminate barriers and promote gender equality. Her remarks also touched on her career and the potential impact of US tariffs on North Macedonia's economy and foreign direct investment.
Policy & regulationReform agendas & prioritiesDiversity and inclusion
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2025-04-11•China•Central Bank of the Republic of China
The People's Bank of China reported Deputy Governor Xuan Changneng's participation in the ASEAN+3 Finance and Central Bank Deputies’ Meeting, where agreements were made to enhance regional policy coordination and financial safety nets. Legal arrangements for contributions in Chinese yuan under the Chiang Mai Initiative Multilateralisation were approved. Xuan emphasized China's commitment to a moderately accommodative monetary policy amid global uncertainty.
Policy & regulationCooperation
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2025-04-11•China•Central Bank of the Republic of China
The People's Bank of China, with national agencies, issued guidance to enhance financial services for the sports industry, focusing on infrastructure financing, sports consumption, and digital renminbi use. Measures include support for sports infrastructure, goods manufacturing, and professional clubs, alongside promoting bond markets and equity financing. Implementation will involve cross-agency coordination and credit information sharing to address bottlenecks.
Policy & regulationGuidance & interpretationOther
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2025-04-11•Congo•Ministry of Finance & Economy (Congo)
The Republic of the Congo Ministry of Finance reported on the 21st session of the Steering Committee of the Economic and Financial Reform Program of the Economic and Monetary Community of Central Africa (CEMAC-PREF). The session reviewed a revised draft matrix to implement decisions from the December 2024 CEMAC Summit, adding measures to support fiscal policy, monetary policy, and structural reforms. The update highlighted BEAC's GDP growth estimates and inflation forecasts, noting ongoing risks like weak growth and state over-indebtedness.
Policy & regulationReform agendas & priorities
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2025-04-11•Latvia•Ministry of Finance (Latvia)
Latvia's Finance Minister Arvils Ašeradens will attend the Eurogroup and ECOFIN meetings in Warsaw on 11-12 April. Discussions will focus on economic developments, European financial market competitiveness, defence financing, including the European Commission’s White Paper on defence and the ReArm Europe plan. The meetings will also address transatlantic trade relations and US trade policy, with exchanges on the Savings and Investments Union's role in supporting investment.
Policy & regulationCooperationGeopolitical risk
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2025-04-11•Bermuda•Ministry of Finance (Bermuda)
Bermuda's Ministry of Finance reported Premier David Burt’s participation at the Eurofi Conference in Warsaw, focusing on Bermuda’s insurance regulatory regime. The Bermuda delegation, including the Bermuda Monetary Authority, engaged with international counterparts, receiving commendations for their regulatory contributions and anti-money laundering efforts. Meetings with Polish and European officials highlighted interest in Bermuda's regulatory experience.
Policy & regulationCooperationCross-border cooperation
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority released a stakeholder letter and draft Guidance Note on recovery planning requirements for Bermuda commercial insurers. This aims to provide further guidance under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a sharp decline in the current account balance surplus to EUR 2.9 million in February 2025, from EUR 70.2 million in January, mainly due to a significant rise in the foreign trade deficit. The deficit reached EUR 638.7 million as goods exports fell by 9.5% and imports rose by 1.5%, while the services surplus grew by 48.3% to EUR 727.4 million. In the financial account, net investment flows were negative at EUR 257.2 million, with negative other and direct investments partially offset by positive portfolio investment flows.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) issued a notice to the insurance sector about consumer complaints regarding delays in benefit claim processing. BaFin expects claims to be processed within one month, except for complex cases, and warns that persistent delays due to staffing or claim volume issues are unacceptable. Insurers must ensure prompt payments post-investigation, with BaFin able to take remedial action for supervisory deficiencies.
SupervisionInterventionsComplaints and dispute resolution
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2025-04-11•Portugal•Bank of Portugal
The Bank of Portugal's updated 2024 financial accounts show the Portuguese economy as a net lender at 3.3% of GDP, the highest since 1995. Households and the financial sector had net lending positions of 4.7% and 1.6% of GDP, respectively, while non-financial corporations were net borrowers at 3.7% of GDP. The financial sector's net lending was driven by significant investments in non-resident government debt securities, with resident banks increasing such investments by EUR 18.6 billion.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DG-GI-393, focusing on instruments for information management.
Policy & regulationGuidance & interpretationOther
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2025-04-11•United States•Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) announced it will not prioritize enforcement against entities missing future registration deadlines under its Registry of Nonbank Covered Persons rule. Instead, the CFPB will focus on pressing consumer threats. The Bureau is also considering a notice of proposed rulemaking to rescind or narrow the regulation.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
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2025-04-11•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 Shaykhy Zhandos Alkenovich as a board member of JSC Otbasy Bank Housing Construction Savings Bank and Yu Don Jin as deputy chair of the management board, focusing on administrative and economic matters.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-04-11•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 Botashev Anzor Edigovich as head of the executive body and member of the management body in the securities market. This decision was formalized under protocol No. 234/RCB.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of EVELISIA REAL ESTATE AIFLNP V.C.I.C. LIMITED following a shareholders' decision. The fund, licensed under number LPAIF30/2014, entered voluntary liquidation under Article 132(1)(e) of the Alternative Investment Funds Law of 2018, with notification to CySEC as per Article 63(8).
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) has been notified by Argus Management Ltd of the initiation of dissolution and liquidation procedures for FENELI RAIF V.C.I.C. LTD, a Registered Alternative Investment Fund. The fund will remain in the RAIFs Registry with a notice of "under liquidation" until the process is complete. Upon completion and submission of required documents, CySEC will remove the fund from the RAIFs Register.
SupervisionAuthorisations & approvalsOther
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that BAO Capital Partners Ltd has initiated the dissolution and liquidation of EUROPEAN FIFC FUND II RAIF L.P., a Registered Alternative Investment Fund. The fund will remain listed in CySEC’s RAIFs Registry as "under liquidation" until the process is completed and all necessary documents are submitted.
SupervisionOther
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of the investment compartment A - EEA & CIS PHARMA VENTURES of Develo Venture AIF V.C.I.C. Plc following total unit redemption. The dissolution was notified by the external manager, Byron Capital Partners Ltd, under the Alternative Investment Funds Law of 2018.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that THE ALTERNATIVE GMI LTD has initiated the dissolution and liquidation of THE ALTERNATIVE PUBLIC EQUITY OPPORTUNITIES RAIF V.C.I.C. PLC. The fund will remain in the RAIFs Registry with an "under liquidation" notice until the process is completed and documentation is submitted. CySEC will then remove the fund from the register.
SupervisionInterventionsLicence withdrawal
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2025-04-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a warning about fraudulent websites and internet banking login screens associated with Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded links for transactions or request sensitive information through phone, email, or SMS. Customers affected by these fraudulent sites should contact the bank and report to the Police.
SupervisionAlertsFraud and scams