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2025-04-07•China•Central Bank of the Republic of China
The People's Bank of China will issue the Hainan Tropical Rainforest National Park commemorative coin programme from 15 April 2025, featuring three legal tender coins. The set includes a bimetallic copper-alloy coin with a CNY 10 denomination and two proof precious metal coins: a 3 g gold coin (CNY 50) and a 30 g silver coin (CNY 10). Distribution will use a reservation-and-exchange mechanism, with China Gold Coin Group Co., Ltd. as the sole distributor.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-07•United States•Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia will host an Economic Mobility Summit on 22–23 April 2025, focusing on economic mobility challenges and solutions. The event will feature panels and breakout sessions on career development, job growth, and employment barriers, with speakers including Federal Reserve Vice Chair Philip N. Jefferson and Philadelphia Fed President Patrick T. Harker. The summit is in partnership with other Federal Reserve Banks and organizations like Pew and the Urban Institute.
Other
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2025-04-07•Europe•European Banking Authority
The European Banking Authority released a peer review of seven national deposit guarantee schemes (DGSs), assessing their stress testing against the Deposit Guarantee Schemes Directive and revised EBA Guidelines. While stress testing programmes generally align with EBA expectations, gaps were noted in the consistent completion and use of key elements. The report outlines follow-up measures for all EU DGSs and includes an overview of 194 stress tests conducted from 2021 to 2024.
Policy & regulationPeer reviews and country evaluationsStress testing
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2025-04-07•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance met with the Hellenic Bank Association to discuss leveraging improved banking conditions for household and business support and accelerating digital modernization. Key topics included international developments, enhanced liquidity, reduced non-performing loans, and Greece's return to investment grade. The meeting also addressed consumer-facing technological advancements, such as commission-free instant payments via the IRIS system, and the need for intensified digital transformation.
Policy & regulationCooperationFinancial stability and systemic riskMarket development
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2025-04-07•Laos•Bank of the Lao
Deputy Governor Sulisak Thanuvong of the Bank of the Lao attended the 12th ASEAN Finance Ministers and Central Bank Governors’ Meeting in Kuala Lumpur, focusing on regional financial cooperation challenges. Participants endorsed Malaysia's initiatives to strengthen financial linkages, including proposals for enhanced monetary policy exchanges and a rapid financing instrument for natural disaster crises. The meeting concluded with commitments to advance regional macroeconomic monitoring and integration efforts.
Policy & regulationCooperationOther
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2025-04-07•Sweden•Riksbank
Sweden's Riksbank's spring 2025 Financial Markets Survey shows most participants view Swedish fixed-income and SEK foreign exchange markets as functioning well. It highlighted increased risk-taking over the past six months, with liquidity in nominal government bonds improving due to Riksbank's sales, while inflation-linked bonds remain weak. Respondents cited external risks, including U.S. political issues, geopolitics, and cyber threats, with limited use of AI tools in trading and analysis.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-07•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has issued guidance for licensed virtual asset trading platforms (VATPs) and SFC-authorised funds on offering staking services. Staking is allowed within Hong Kong's regulated virtual asset market, subject to risk controls and regulatory approvals. VATPs must meet operational safeguards and obtain SFC approval, while VA Funds can stake only through licensed VATPs and authorised institutions, with a cap to manage liquidity.
Policy & regulationGuidance & interpretationFintech and insurtechRegulatory reporting
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2025-04-07•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 revoked the licence of ProfitCenter Microfinance Organization LLP due to systematic violations of national legislation and regulatory requirements. The firm must re-register, reorganise, or liquidate within 30 days, while clients remain responsible for fulfilling existing microcredit agreements.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-07•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that Gainfield Enterprises Ltd waived its authorisation to provide administrative services as of 30 December 2024, leading to the lapse of its CySEC authorisation. Consequently, the company was permanently removed from the licensed persons’ register.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website using the domain survey-hkma[.]com, clarifying no connection to it. The HKMA reported the case to the Hong Kong Police Force and advised potential victims to contact the Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-04-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported a decrease in Hong Kong's foreign currency reserve assets to USD 413.1 billion at end-March 2025, from USD 416.4 billion at end-February 2025. Including unsettled foreign exchange contracts, reserves were USD 412.5 billion. The reserves cover over five times the currency in circulation and approximately 37% of Hong Kong dollar M3.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•San Marino•Central Bank of San Marino
The Central Bank of San Marino participated in the Network for Greening the Financial System plenary assembly via video link, focusing on best practices for managing environmental and climate risks. The event, held in New Delhi, included around 200 representatives from 61 countries. The Central Bank of San Marino emphasized its commitment to eco- and socio-sustainable policies and international collaboration.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-07•Europe•European Central Bank
The European Central Bank (ECB) detailed the policy rationale, design, and timeline for a digital euro to complement existing payments and enhance usability with cash-like features and privacy. It addresses the dominance of non-European payment solutions, ensuring privacy through EU data protection compliance. The timeline includes an investigation phase until October 2023, preparation until October 2025, and potential rollout post-November 2025, pending EU legislative approval.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-04-07•Europe•European Central Bank
The European Central Bank's Consumer Expectations Survey shows geopolitical conflict expectations weaken euro area consumer sentiment, affecting inflation and growth outlooks. Late 2024 sentiment deteriorates, with rising recession expectations and financial concerns, especially amid prolonged conflicts. Lower-income households are more concerned about geopolitical impacts, expecting financial deterioration and higher job-loss probabilities.
ResearchGeopolitical risk
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2025-04-07•Tajikistan•National Bank of the Republic of Tajikistan
A Tajikistan delegation, led by Deputy Chairman Sirojiddin Ikromi of the National Bank, is attending a World Bank Academy training in Istanbul on financing and insuring climate and natural disaster risks. Ikromi discussed Tajikistan's risk profile, achievements, and disaster risk reduction priorities. The programme includes representatives from 15 countries focusing on modern financial mechanisms, particularly Disaster Risk Financing.
Institutional developmentCooperation & capacity buildingClimate risk and sustainable finance
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2025-04-07•Israel•Bank of Israel
The Bank of Israel reported a decrease in foreign exchange reserves to USD 218.821 billion at the end of March 2025, primarily due to government foreign exchange activities, with reserves equating to 40.5% of GDP. The reserves include USD 214.405 billion excluding the International Monetary Fund and USD 4.416 billion held at the IMF.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•Israel•Bank of Israel
The Bank of Israel's April 2025 macroeconomic forecast projects GDP growth of 3.5% in 2025 and 4.0% in 2026, with inflation at 2.6% in 2025 and 2.2% in 2026. The forecast assumes limited conflict in Gaza and considers U.S. import tariffs, predicting a government deficit of 4.2% of GDP in 2025 and 2.9% in 2026, with a debt-to-GDP ratio of 69% in 2025 and 68% in 2026, amid high uncertainty and potential risks of weaker growth and higher inflation.
ResearchEconomic data and developments
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2025-04-07•Spain•Bank of Spain
The Bank of Spain clarified that it has not ordered the withdrawal of any euro banknotes, countering reports from some digital media. All euro banknotes remain valid and usable, with routine checks ensuring the authenticity and fitness of notes in circulation. Damaged notes can be exchanged for face value if more than half is presented or if the missing part is proven destroyed.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-04-07•South Africa•South African Reserve Bank
The South African Reserve Bank issued a Banks Act guidance note clarifying the status of previously issued guidance notes for banks and related entities. It confirms which legacy notes remain effective for the year and deems others withdrawn unless explicitly confirmed. Institutions must retain copies of effective notes, share them with auditors, and return an acknowledgment of receipt to the Prudential Authority.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-04-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported an increase in gross reserves by USD 1.186 billion to USD 67.450 billion and a rise in the international liquidity position by USD 1.434 billion to USD 63.167 billion as of 31 March 2025. Gold reserves increased to USD 12.588 billion, and Special Drawing Rights holdings rose to USD 6.306 billion. The growth was primarily due to a higher US dollar gold price, valuation adjustments, and foreign currency proceeds received for the government.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported total assets of ZAR 1.29 trillion as of 31 March 2025, an increase of ZAR 15.23 billion from February. The rise was driven by gold and foreign assets, with gold holdings increasing significantly due to a higher rand price per fine ounce. Foreign exchange reserves excluding special drawing rights (SDRs) decreased, while SDR holdings and banks' deposits saw an uptick.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•Iraq•Central Bank of Iraq
The Central Bank of Iraq, in collaboration with Oliver Ayman Consulting, has launched a reform programme to modernize the Iraqi private banking sector, focusing on financial inclusion, efficiency, and resilience. The initiative includes mandatory banking standards, modernized payment systems, and enhanced depositor protection, with the first compliance evaluation cycle set for early 2026.
Policy & regulationRules & requirementsCorporate governanceFinancial stability and systemic risk
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2025-04-07•Iraq•Central Bank of Iraq
The Central Bank of Iraq has launched a reform plan for the private banking sector to enhance its role and align with international standards and technological advancements. The plan, developed over nearly a year with Oliver Ayman, focuses on financial inclusion, efficiency, productivity, and competitive fairness, amid increasing investment in fintech, digital development, and AI.
Policy & regulationReform agendas & prioritiesFintech and insurtechFinancial inclusion
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2025-04-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a decrease in gross international reserves to USD 106.2 billion at end-March 2025, down from USD 107.4 billion in February. This decline was attributed to national government drawdowns on foreign currency deposits and the central bank's net foreign exchange operations. The reserves covered 7.3 months of imports and 3.7 times the short-term external debt.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines hosted the 2025 Youth Financial Inclusion Congress in Manila, featuring a student hackathon and the launch of YFI Ambassadors. Polytechnic University of the Philippines Manila won the hackathon with "AniKansya," a digital platform for farmers. The YFI Ambassadors will promote digital payments, financial literacy, and budgeting apps as part of the National Strategy for Financial Inclusion 2022–2028.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-04-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will conduct a judgment session on 8 April regarding alleged irregularities by Regen Serviços Fiduciários Ltda. in reporting investment fund liquidity, potentially breaching CVM Instruction 558 and Resolution 21. The session, open to the public, will be held at CVM's headquarters in Rio de Janeiro, with videoconference access. Director Marina Copola's report is accessible and may be revised post-session.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-04-07•Moldova•Ministry of Finance (Moldova)
Moldova’s Ministry of Finance, in cooperation with the National Bank of Moldova, has secured government approval for a national sustainable finance taxonomy framework aligned with European principles. The taxonomy defines which economic activities qualify as sustainable to guide investment by banks, non-bank credit organisations and insurance companies, with implementation and reporting requirements to be set later through secondary regulations.
Policy & regulationRules & requirementsClimate risk and sustainable financeGreen taxonomy
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2025-04-07•Serbia•Republic of Serbia Securities Commission
The Republic of Serbia Securities Commission presented the results of the National Risk Assessment for Money Laundering and Terrorism Financing on 3 April 2025. The presentation, led by National Risk Assessment Coordinator Jelena Pantelic and Commission Secretary Goran Kuprešanin, highlighted key risks and recommendations to enhance preventive measures.
SupervisionRisk monitoring & watch pointsAML and CFT
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2025-04-07•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore and the Cyber Security Agency of Singapore announced a ransomware attack on Toppan Next Tech, affecting customer data from DBS Bank and Bank of China Limited, Singapore branch. While customer log-in information was not compromised, MAS is working with the banks on risk mitigation and customer communication. The CSA is assisting with the investigation and issued an advisory on ransomware prevention and mitigation.
SupervisionAlertsCyber resilience
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2025-04-07•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands has granted iumiCash Ltd a Money Transfer Service licence, enabling it to expand into overseas digital remittances. This approval, supported by the regulatory sandbox, aims to benefit underserved communities and facilitate remittances from Solomon Islanders working abroad.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-07•Poland•Central Bank of Poland
The Central Bank of Poland reported that official reserve assets totaled EUR 219.4bn (USD 237.5bn) at the end of March 2025. In euro terms, reserves decreased by EUR 1.1bn from February, while in US dollar terms, they rose by USD 8.3bn. Reserve management focuses on safety and liquidity, with investments primarily in Treasury securities and securities from international institutions and government agencies.
Data & statisticsBalance of payments and other external statistics
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2025-04-07•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission announced temporary measures by the Stock Exchange of Thailand and the Thailand Futures Exchange to oversee trading in securities and futures contracts from 8 April 2025. Approved by the SEC Board and the Capital Market Supervisory Board, these measures aim to mitigate market volatility. The SEC will continue monitoring and coordinating with the exchanges to evaluate market conditions and the effects of these measures.
SupervisionInterventionsMarket risk and volatility
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2025-04-07•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority, with the Moroccan Foundation for Financial Education, announced activities for the 13th OECD/INFE Global Money Week, starting 7 April. Initiatives include student immersion days, conferences, and the "Quiz Finance" competition, alongside new educational materials and broadcasts. Since 2012, the initiative has engaged 123 organizations, reaching over 753,000 children and youth and 8,141 adults.
Financial literacy & educationFinancial literacy and education
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2025-04-07•United Kingdom•HM Treasury
HM Treasury has launched a consultation on changes to the UK framework for Alternative Investment Fund Managers (AIFMs) and depositories, aiming to streamline the regime while maintaining protections. Key proposals include removing statutory assets-under-management thresholds and the Small Registered Regime, allowing the Financial Conduct Authority (FCA) to set proportionate requirements. The consultation also considers redefining regulatory perimeters and revising pre-marketing and private equity control-acquisition notifications.
Policy & regulationRules & requirementsRegulatory burden
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2025-04-07•Hungary•National Bank of Hungary
The National Bank of Hungary released February 2025 securities statistics, showing a market value increase of HUF 723 billion to HUF 108,770 billion, driven by net transactions and price gains. Government securities slightly decreased, while mortgage bonds, other bonds, investment fund shares, and quoted shares saw increases. Data corrections from December 2024 impacted investment fund shares and other bonds statistics.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-07•Malaysia•Ministry of Finance (Malaysia)
The Ministry of Finance (Malaysia) and Bank Negara Malaysia launched the Malaysia Open House @ ASEAN 2025 exhibition at the Kuala Lumpur Convention Centre during the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting. Featuring over 30 booths, the event connects the public with micro-entrepreneurs and offers financial education, including Bank Negara Malaysia’s iTekad social finance initiative. Funded with RM15 million under Budget 2025, the initiative supports low-income micro-entrepreneurs in financial management and business capability.
Financial literacy & educationOther
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2025-04-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam released a briefing on Q1 2025 socio-economic performance, noting 6.93% GDP growth and 3.22% CPI inflation. The Prime Minister directed the central bank to coordinate monetary and fiscal policies and develop credit packages for infrastructure and key industries. The report also highlighted a USD 3.16 billion trade surplus and significant increases in foreign direct investment.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-04-07•Russia•Central Bank of Russia
The Central Bank of Russia's inaugural IPO market review noted a decade-high number of public offerings in 2024, with 19 issuers raising over RUB 102 billion. The market was driven by small- and mid-cap issuers in IT, digital technologies, the sharing economy, and pharmaceuticals, with retail investors playing a significant role. The review highlighted a decline in demand from many participants within 30 days post-listing, aligning with short-term investment strategies amid external uncertainties.
ResearchSecurities offerings and listings
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2025-04-07•Russia•Central Bank of Russia
Over 2.4 million schoolchildren participated in Russia's Financial Literacy and Entrepreneurship Olympiad, including high school students for the first time. The event featured game-based scenarios on fraud prevention and was held on the UCHi.ru platform. It was organized with National Priorities, Russia’s Ministry of Finance, Ministry of Economic Development, and UCHi.ru, supported by Movement of the First.
Financial literacy & educationFinancial literacy and education
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2025-04-07•Russia•Central Bank of Russia
The Central Bank of Russia launched Coin Week from 7 to 19 April 2025, allowing individuals to exchange coins for banknotes at banks and chain stores across Russia. Participation has increased fivefold, with over 34,000 stores and 4,000 bank offices accepting coins without a fee. The 2024 campaign returned 75 million coins worth RUB 320 million into circulation, weighing 366 tonnes.
Monetary policyMonetary policy instruments & operationsOther
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2025-04-07•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) has released a searchable dataset of "banking claims subject to lapsing," detailing unclaimed or inactive amounts at 19 supervised banks and cooperatives, totaling CLP 94,444 million. Claims with no movement for two years must be published, and if uncollected within three years, the funds are transferred to the National Board of Firefighters of Chile.
Data & statisticsOther
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2025-04-07•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets adopted board decisions on capital markets authorisations and consumer protection supervision. Key actions include registering a MDL 50 million equity increase for ARTIMA SA, removing BANCA COMERCIALĂ ROMÂNĂ CHIȘINĂU SA's securities post-merger, and adjusting the control procedure for MOGO LOANS SRL. Additionally, preliminary requests from several entities were rejected.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-07•Global•Financial Stability Board
The Financial Stability Board's Nomination Committee has recommended Andrew Bailey, Governor of the Bank of England, as the next FSB Chair for a three-year term starting 1 July 2025. The Plenary is expected to formalize the appointment in June. Bailey currently chairs the FSB’s Standing Committee on Supervisory and Regulatory Cooperation and has been involved in recent FSB reform initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-07•Canada•Bank of Canada
The Bank of Canada's first-quarter 2025 Canadian Survey of Consumer Expectations shows deteriorating household sentiment due to escalating U.S. trade tensions. Labour market confidence has weakened, with increased job security concerns in trade-sensitive sectors and rising recession expectations. Consumers report more cautious spending plans, higher short-term inflation expectations, and increased concerns about debt payments and credit access.
Data & statisticsEconomic data and developments
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2025-04-07•Canada•Bank of Canada
The Bank of Canada's first-quarter 2025 Business Outlook Survey reveals a sharp deterioration in business sentiment and widespread uncertainty due to unpredictable U.S. trade policy shifts. Firms are delaying investment and hiring decisions, with 32% anticipating a recession in Canada within a year. Input cost expectations have risen, with many firms planning to increase selling prices, while near-term inflation expectations have also increased.
Data & statisticsEconomic data and developments
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2025-04-07•Malta•Malta Financial Services Authority
The Malta Financial Services Authority assessed Maltese banks' readiness for amended EU banking rules, CRR3, finding most are on track, though some need further efforts. Key impacts include changes to credit risk, operational risk, and ESG requirements, prompting banks to enhance risk management and staff training. Ongoing supervision will involve continued engagement, with further details in a "Dear CEO Letter" to credit institutions.
SupervisionRisk monitoring & watch pointsCapital adequacyESG
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2025-04-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) participated in an Instituto Iberoamericano de Mercados de Valores seminar in Guatemala, where CNV director Sonia Salvatierra highlighted initiatives to strengthen Argentina’s capital market and enhance SME financing. The seminar, attended by regulators from 17 countries, discussed regulatory updates, digital transformation, and SME participation in securities markets.
Policy & regulationCooperationMarket developmentMarket infrastructure
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2025-04-07•Moldova•National Bank of Moldova
The National Bank of Moldova's Governor Anca Dragu emphasized macroeconomic stability and European integration at the Chisinau Economic Forum, highlighting reforms aligned with European standards and Basel III. Dragu noted Moldova's recent acceptance into the Single Euro Payments Area (SEPA), which is expected to enhance euro transfers and financial service access.
Monetary policyMonetary policy framework & strategyCross-border cooperation
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2025-04-07•Moldova•National Bank of Moldova
The National Bank of Moldova published results from an IMF transparency assessment, highlighting advanced practices and alignment with international standards while identifying areas for improvement. Based on the IMF Central Bank Transparency Code, the assessment praised governance, policy clarity, and increased transparency in monetary policy and foreign exchange administration. The National Bank of Moldova plans to address recommendations through a concrete action plan.
Policy & regulationPeer reviews and country evaluationsCorporate governance
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2025-04-07•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported foreign exchange reserves of USD 578.02 billion at the end of March 2025, an increase of USD 0.44 billion from February. The change was attributed to reserve management returns, exchange rate movements, and intervention to stabilize capital flows. Foreign portfolio investors held securities and NTD deposits valued at USD 708.9 billion, 123% of the reserves.
Data & statisticsForeign exchange policy and markets
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2025-04-07•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) has initiated its fifth Europe-wide stress test for occupational pension funds, focusing on liquidity risk amid rapid yield curve shifts. The test includes two scenarios developed with the European Systemic Risk Board, simulating sharp interest rate changes due to geopolitical tensions. The exercise covers IORPs with assets over EUR 600 million, assessing firm-level responses and potential spillovers.
SupervisionReviews, inspections & stress testsStress testing
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2025-04-06•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority held a securities sector workshop focused on sectoral risks related to money laundering, terrorist financing and proliferation financing. It reviewed Algeria’s June 2024 national risk assessment and the 2022 Financial Action Task Force mission findings, and discussed proposals for a sector roadmap to reduce those risks.
SupervisionRisk monitoring & watch pointsAML and CFTSupervision process and methodologies
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2025-04-06•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan released "The Future of Takaful in Pakistan," outlining a roadmap to expand Shariah-compliant insurance, or takaful, to eliminate riba by 2027. The study highlights current takaful penetration at 11%-13% and identifies growth barriers like low awareness and Shariah governance concerns. The action plan involves SECP, insurers, and stakeholders in developing transition plans, enhancing retakaful capacity, and aligning regulations with international standards.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-06•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines mandates BSP-supervised financial institutions to accept the Philippine National ID in all formats as valid proof of identity, per Republic Act No. 11055. Institutions must verify authenticity using the National ID Check service and onboard with the National ID Authentication Services via the eVerify platform. Branches must prioritize these IDs, ensure staff training, and coordinate clarifications with the Philippine Statistics Authority.
Policy & regulationGuidance & interpretationDigital identity
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2025-04-06•Iraq•Central Bank of Iraq
The Central Bank of Iraq refuted claims of halting US dollar supply to travelers at the official exchange rate of IQD 1,320 per USD, affirming the continuation of regular distribution through an electronic system at airports. The bank emphasized its commitment to maintaining monetary stability and warned of legal action against rumor-mongers.
Monetary policyMonetary policy instruments & operationsCurrency and cash management
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2025-04-06•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands has signed a Participation Agreement with Aelan Digital Services Limited to test a new Money Transfer Service under its Regulatory Sandbox framework, focusing on remittances for Solomon Islanders, particularly seasonal workers abroad, over an 18-month pilot. This marks the fifth digital financial service admitted into the sandbox, with CBSI monitoring its viability, scalability, and potential risks.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2025-04-06•United States•U.S. Financial Services Committee
Representative Mike Haridopolos of the U.S. House Financial Services Committee advocates for increased congressional oversight of the Consumer Financial Protection Bureau (CFPB), including control over its funding and regular reauthorization. He criticizes the CFPB's independent funding and calls for scrutiny of its regulatory practices, suggesting a larger role for state authorities in consumer protection. Haridopolos, alongside Committee Chairman French Hill, plans to collaborate with Republicans to implement a sunset provision for periodic review of the CFPB's effectiveness.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2025-04-05•Croatia•Croatian National Bank
The Croatian National Bank hosted an Open Doors Day, attracting over 1,000 citizens for tours and educational workshops on central banking and euro area topics. Attendees explored the CNB's main building and participated in sessions on money management, euro banknotes, and ECB monetary policy. Governor Boris Vujčić and Deputy Governor Sandra Švaljek engaged with students and the public on monetary policy and the digital euro.
Financial literacy & educationFinancial literacy and education
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2025-04-05•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines announced that Bank of Makati, Inc. has joined its "Piso Caravan" programme, increasing the number of participating institutions to 141. The programme facilitates the exchange of unfit banknotes and coins for clean currency, supporting the BSP’s Clean Note and Coin Policy and Coin Recirculation Program.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-04-05•India•Securities & Exchange Board of India
The Securities and Exchange Board of India released a note on the IMF's Financial System Stability Assessment for India under the 2024 Financial Sector Assessment Program, highlighting increased resilience and diversity since 2017. Improvements include the Corporate Debt Market Development Fund and enhanced regulations for bond mutual funds and equity derivatives. The assessment recommends stronger bank credit risk management and cybersecurity measures, noting manageable climate-related risks and the need for broader cybersecurity crisis simulations.
Policy & regulationInternational standards & recommendationsFinancial stability and systemic riskSupervision process and methodologies
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2025-04-04•United States•Federal Reserve Board
The Federal Reserve Board released a paper on household energy consumption and inequality, identifying 20% of households as energy burdened using a twice-the-median income threshold. The study highlights persistent energy-burdened status linked to demographic factors and reports higher marginal propensities to consume among these households. It notes moderate rises in consumption and energy consumption inequality compared to income inequality from 1999 to 2021.
ResearchOther
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2025-04-04•Bahamas•Bahamas Securities Commission
The Securities Commission of The Bahamas issued a public notice warning that Creators Alliance and its affiliates may be conducting illegal activities under several Bahamian financial laws. The entities are not registered or licensed by the Commission and appear to operate a pyramid scheme, promising returns for watching videos and recruitment. The Commission urged the public to exercise extreme caution to avoid potential financial loss.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-04•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) published an IMF report from the Central Bank Transparency Code Review, highlighting strengthened transparency in its legal framework, mandate, autonomy, and decision-making. The CBCG has implemented several IMF recommendations and is working on further improvements, aligning with its Strategic Plan 2025–2028. The CBCG is one of only nine central banks globally to participate in this IMF programme.
Policy & regulationInternational standards & recommendationsOther
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2025-04-04•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority concluded a study visit to the Croatian Financial Services Supervisory Agency, resulting in a new Memorandum of Understanding and progress on a Montenegrin Corporate Governance Code. Discussions included supervisory approaches for investment firms, crypto-asset regulation under the Markets in Crypto-Assets framework, and AML/CFT practices, as well as audit oversight, exchange trading surveillance, and market abuse detection.
Institutional developmentCooperation & capacity buildingOther
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced the resumption of trading for Elia Group financial instruments on Euronext Brussels. Trading will re-open on 04/04/2025 at 15:00 CET, in accordance with Article 78 of the Law of 21 November 2017.
SupervisionAuthorisations & approvalsTrading
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2025-04-04•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg released Cahier d’études No. 196, introducing a machine-learning method for solving large-scale economic models using neural networks without backpropagation. The paper addresses challenges in modelling monetary policy transmission and demographic transitions, highlighting dimensionality issues in models like the LOLA model. The views expressed are those of the author, not necessarily of the Central Bank of Luxembourg or the Eurosystem.
Research
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2025-04-04•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced enhancements to its registers and datasets to improve consumer protection and business activity. ASIC manages 32 registers, with 343 million searches and 3.1 million updates last year. Improvements include entity-by-entity publication of dispute resolution data and consulting on reportable situations data. ASIC confirmed funding for RegistryConnect to address data fragmentation and enhance misconduct detection.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority suspended trading in Biosenic on Euronext Brussels at the company's request, effective 4 April 2025, pending a press release. This action is in accordance with Article 78 of the Law of 21 November 2017.
SupervisionInterventionsTrading
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has suspended trading in Elia Group financial instruments on Euronext Brussels at the company's request. The suspension, effective from 04/04/2025 at 09:00 CET, will remain until a press release is issued, in accordance with Article 78 of the Law of 21 November 2017.
SupervisionInterventionsTrading
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2025-04-04•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced results from the 28th Financial Advisers Exam cycle, with 241 candidates participating and a 73.4% pass rate. Conducted by the Australian Council for Educational Research, the exam maintained consistent testing standards. Of the candidates, 72.6% were first-time sitters. Unsuccessful candidates will receive feedback on underperformance areas.
SupervisionRegulatory reportingLicensing framework and process
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2025-04-04•Botswana•Bank of Botswana
The Bank of Botswana has revoked the bureau de change licence of Joshua Bureau de Change, terminating its authorization to conduct foreign exchange business. This action follows the cessation of operations and voluntary licence surrender. The Bank cautions against transactions with entities claiming to operate under Joshua Bureau de Change, emphasizing that trading foreign currency without a valid licence is a criminal offence.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-04•Botswana•Bank of Botswana
The Bank of Botswana has revoked the licence of Sherwood Bureau de Change following its cessation of operations and voluntary licence surrender. The central bank warned against transacting with entities claiming to operate under Sherwood's name and reminded that trading foreign currency without a valid licence is a criminal offence under the Bank of Botswana Act.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-04•Kenya•Central Bank of Kenya
The Central Bank of Kenya has launched the Kenya Green Finance Taxonomy and Climate Risk Disclosure Framework to improve climate risk management in banking. Developed under the European Investment Bank’s Greening Financial Systems Programme, the taxonomy helps classify economic activities by climate objectives, while the disclosure framework ensures consistent climate-related reporting. It will be updated periodically to include more environmental objectives.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-04-04•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market met with a World Bank delegation to discuss its reorganisation in line with International Organization of Securities Commissions principles and potential cooperation. Discussions included securitisation and financing for Ukraine's reconstruction. International partners expressed readiness to support the NSSMC with expert assistance to align Ukrainian laws with international standards.
Policy & regulationCooperationCross-border cooperation
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2025-04-04•Netherlands•De Nederlandsche Bank
Steven Maijoor of De Nederlandsche Bank spoke at the International Federation of Accountants’ Chief Executives Forum about geopolitical fragmentation and digitalization affecting prudential and audit risks. He emphasized cyber resilience as a focus for De Nederlandsche Bank and the European Central Bank, urging auditors to consider operational disruptions and cyber threats in going concern assessments. Maijoor also addressed geopolitical pressures on financial institutions and international standard setting, advocating for proactive auditor-supervisor communication and full Basel III implementation.
SupervisionSupervision approach, priorities & toolkitAuditingGeopolitical risk
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2025-04-04•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica has introduced a new 10 colones coin as part of its updated monetary series, which will circulate alongside the existing CRC 10 coin. The coin, made of stainless steel, features the National Coat of Arms and the year "2023" on the reverse, with tactile identifiers for accessibility. Distribution will be gradual through national financial institutions, aligning with economic needs.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-04-04•Italy•Bank of Italy
The Bank of Italy announced that the 58th Annual Meeting of the Asian Development Bank Board of Governors will be held in Milan from 4 to 7 May 2025, marking the first time the event is hosted in Italy. The meeting will focus on enhancing economic and development cooperation between Italy, Europe, and Asia-Pacific economies. Bank of Italy Governor Fabio Panetta and Deputy Director General Paolo Angelini will participate in key sessions, including discussions on cross-border payment systems and next-generation skills.
OtherCross-border cooperation
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2025-04-04•Italy•Bank of Italy
At the General Council of the Italian Association of Foreign Banks, Giuseppe Siani from the Bank of Italy outlined recent regulatory changes affecting foreign banks in Italy. He emphasized key issues in prudential supervision, customer protection, and anti-money laundering oversight.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-04-04•Italy•Bank of Italy
Giuseppe Siani of the Bank of Italy addressed the General Council of the Italian Association of Foreign Banks, discussing the status of foreign banks in Italy. The speech covered recent regulatory changes and highlighted key issues in prudential supervision, consumer protection, and anti-money laundering.
SupervisionSupervision approach, priorities & toolkitPrudential risksAML and CFT
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2025-04-04•Italy•Bank of Italy
The Bank of Italy announced the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) will be held in Milan from 4 to 7 May 2025, marking its first occurrence in Italy. The event will gather Finance Ministers, Central Bank Governors, and other stakeholders, with Italy playing a key role. Governor Fabio Panetta will participate in key sessions, including a seminar on cross-border payment rails with ADB President Masato Kanda.
Policy & regulationCooperationCross-border cooperation
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2025-04-04•Bermuda•Ministry of Finance (Bermuda)
Bermuda’s Ministry of Economy and Labour, led by Minister Jason Hayward, engaged with the Alternative Investment Management Association (AIMA) in New York City to enhance Bermuda's position as a fund management hub, including for digital asset funds. Discussions with AIMA executives aimed at strengthening strategic relationships and expanding Bermuda's market share in global alternative investment and hedge fund sectors.
Policy & regulationCooperationOther
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2025-04-04•Europe•European Banking Authority
The European Banking Authority's 2024 reports on EU market and credit risk benchmarking show continued convergence in market risk outputs and stable credit risk RWA variability. They introduce an analysis of the FRTB ASA, noting more consistent own funds requirement results under ASA compared to internal models, despite data submission inconsistencies. The findings stress the need for ongoing monitoring and adjustments to reduce variability and improve data consistency in market and credit risk assessments.
SupervisionRisk monitoring & watch pointsCredit riskMarket risk and volatility
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2025-04-04•Ukraine•National Bank of Ukraine
The National Bank of Ukraine's review confirmed UONIA as an objective money market benchmark despite some methodological issues and found no need to change UAH/USD exchange rates. It highlighted sufficient trading volumes for reliable UAH/USD indicators and noted the euro's increasing role in FX markets, suggesting a potential shift from US dollar to euro pegging. Implementation of FX changes continues, including a revised approach to currency lists for official exchange rates.
Policy & regulationGuidance & interpretationMarket infrastructureFinancial benchmarks
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2025-04-04•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance reported on the "Support for Sustainable Finance" conference in Zagreb, focusing on the European Commission’s Omnibus package to simplify EU sustainability and investment rules. Discussions included corporate transition to sustainability, the financial sector's role, and green public procurement. Plans for a future Sustainability Centre and an EU Technical Support Instrument project for sustainability reporting were introduced.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-04•Portugal•Bank of Portugal
The Bank of Portugal released updated central balance sheet statistics for Q4 2024, noting a ninth consecutive quarterly rise in financial autonomy to 45.6% and a decline in financing costs to 4.8%. Profitability remained stable at 9.4%, with private companies at 9.5% and public companies at 7.3%. The share of obtained financing in total assets decreased to 26.6%, despite higher debt securities financing for head offices and public companies.
Data & statisticsBalance of payments and other external statisticsFinancial and market indicators
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia released External Operational and Services Circular DSP-272, establishing tariffs for deposit account administration, operations via the CUD, and centralized modules supporting instant payment interoperability.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DSP-470, detailing operational regulations for the Centralized Directory (DICE). This module aims to facilitate interoperability among instant low-value payment systems.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Payment Systems Department released External Operational and Services Circular DSP-471, establishing operational regulations for the Settlement Operating Mechanism. This module aims to facilitate interoperability among immediate low-value payment systems.
Policy & regulationRules & requirementsMarket infrastructure
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2025-04-04•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia reported on the 49th Meeting of the Eastern and Southern Africa Anti-Money Laundering Group Task Force in Kampala, chaired by Mr. Frezer Ayalew. The Task Force adopted policy recommendations on regional money laundering and terrorist financing risks, financial technology, and financial inclusion. Ethiopia will host the next meeting from August 29 to September 6, 2025.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-04-04•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 revoked the microfinance licence of “Abay Nesie” Credit Partnership LLP due to repeated non-compliance with regulatory instructions. The organisation must re-register, reorganise, or liquidate within 30 days, while clients remain liable for existing microcredit obligations.
EnforcementSanctions & designationsLicence withdrawal
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2025-04-04•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 senior management appointments in the insurance sector, including L.P. Zdanovich as head of the executive body and A.M. Sapin as a member. The agency clarified that executives with prior consent can transfer within the sector without further approval if they meet statutory qualifications.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-04-04•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission met with non-life and life insurers to establish cooperation guidelines to reduce complaints and disputes. Key measures include setting up dedicated complaint units, enhancing data connectivity, and ensuring decision-makers participate in mediation. Insurers are also expected to promptly notify significant events and expedite claims processing, particularly after the recent earthquake.
Policy & regulationCooperationOther
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2025-04-04•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission has launched the third cohort of its Super WPS executive programme, focusing on emerging trends in insurance regulation. The programme, featuring 67 senior executives, covers global risks, InsurTech, and includes a "Super CEO Special Talk" and an academic paper requirement.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-04•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan participated in the 2025 IMF Article IV consultations, discussing 2024 macroeconomic conditions, monetary and macroprudential policy changes, and the 2025 outlook. The IMF mission will continue meetings with other ministries and financial institutions. Article IV consultations are utilized by the IMF to analyze economic developments and assess banking system reforms.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
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2025-04-04•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 3,464 complaints in Tabasco for 2024, a 0.6% decrease from 2023, with MXN 19.3 million recovered, down 13.5%. Credit and debit cards were the most complained-about products, with unrecognised charges and electronic transfers as leading issues. Multiple banking accounted for 53.2% of complaints, with a 45.2% user-favourable resolution rate.
Data & statisticsComplaints and dispute resolution
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2025-04-04•Europe•European Central Bank
The European Central Bank reported the euro area's current account surplus rose to EUR 426 billion (2.8% of GDP) in 2024 from EUR 243 billion (1.7% of GDP) in 2023, with notable surpluses with the UK and Switzerland. The international investment position showed net external assets of EUR 1.66 trillion (10.9% of GDP) at the end of 2024, driven by higher net assets in portfolio debt, direct investment, and reserve assets. The report includes revisions from Q1 2021 to Q3 2024, with upcoming releases in April and July 2025.
Data & statisticsBalance of payments and other external statistics
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2025-04-04•Europe•European Central Bank
The European Central Bank released euro area sector accounts for Q4 2024, noting household financial investment growth at 2.4% and a slowdown in non-financial corporations' financing growth to 0.9%. Household gross disposable income rose 4.4%, with a gross saving rate increase to 15.4%, while corporate debt ratios declined. The ECB also announced data revisions back to Q1 2021 and plans to release Distributional Wealth Accounts for Q4 2024 on 30 May 2025.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-04-04•Europe•European Central Bank
The European Central Bank's research highlights the growing influence of institutional investors in euro area housing markets, linking increased institutional purchasing to sustained house price rises and enhanced monetary policy transmission. Institutional property purchases tripled from 2007 to 2021, especially in Germany and the Netherlands, with these investors more responsive to interest rate changes than households. The ECB suggests expanding the macroprudential toolkit for real estate investment funds to mitigate liquidity risks and potential fire sales.
ResearchMarket development
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2025-04-04•Europe•European Central Bank
The European Central Bank's weekly financial statement for the Eurosystem reported total assets and liabilities of EUR 6,338,174 million, with a net increase of EUR 91,176 million due to quarter-end adjustments. Securities of euro area residents denominated in euro totaled EUR 4,390,681 million, with declines from transactions and adjustments. Banknotes in circulation rose to EUR 1,571,098 million, while the deposit facility fell to EUR 2,818,213 million.
Data & statisticsBalance of payments and other external statistics
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2025-04-04•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), represented by Director Júlia Normande Lins, participated in the Improve 2025 event in São Paulo to discuss the insurance sector's role in climate resilience. The event, organized by Zurich Brasil, featured discussions on partnerships, corporate sustainability, and the use of public policies and economic incentives to enhance climate resilience.
Policy & regulationCooperationClimate risk and sustainable finance