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2025-04-03•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reviewed Regional Branch 8's operations post-integration, stressing finalizing processes and enhancing monetary supervision. The consolidation of 63 provincial branches into 15 regional branches, effective 1 March 2025, aims to streamline operations, with Regional Branch 8 reporting smooth connectivity. Deputy Governor Pham Quang Dung urged adherence to government and SBV directives on monetary and credit measures, emphasizing safe credit extension to priority sectors.
Institutional developmentMandate & organizational structureOther
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2025-04-03•Vietnam•State Bank of Vietnam
The State Bank of Vietnam announced leadership changes at Vietnam Bank for Agriculture and Rural Development, appointing To Huy Vu as Chair of the Members’ Council and Party Committee Secretary. Thai Thi An Hoa and Le Manh Thang were appointed to Agribank’s Supervisory Board. Vu emphasized priorities such as achieving 2025 business targets and implementing the restructuring plan for non-performing loans.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-03•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) will oversee credit purchasers and servicers under the new Act on Credit Purchasers and Credit Servicers, implementing Directive (EU) 2021/2167. The Act mandates authorisation for credit servicers, introduces notification obligations, and applies the Consumer Protection Act to purchased credits in consumer cases. FIN-FSA has updated its notifications section to align with these requirements.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-04-03•Chile•Central Bank of Chile
The Central Bank of Chile's Survey of Price Determinants and Expectations shows firms' median inflation expectations at 4% for the next 12 and 24 months. The survey indicates neutral sales levels, input availability, and selling prices, with costs and profit margins trending slightly upward. The US dollar exchange rate remains a significant pricing factor, though its influence has lessened compared to previous quarters.
Data & statisticsEconomic data and developments
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2025-04-03•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority published an inspection report on Sparebanken Vest and its subsidiary, noting satisfactory liquidity but high market funding reliance. It calls for clearer risk tolerance, stronger independence between first- and second-line functions, and improved stress testing and board reporting. The authority expects the new banking group, Sparebanken Norge, to address these issues during its merger with Sparebanken Sør.
SupervisionReviews, inspections & stress testsLiquidity riskStress testing
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2025-04-03•Namibia•Bank of Namibia
The Bank of Namibia hosted a high-level roundtable on smart regulation that produced support for a more agile and harmonized regulatory framework to promote growth, innovation and investment while preserving consumer protection and stability. Participants pointed to overregulation, bureaucratic bottlenecks and high unemployment as reasons to revisit current rules. They agreed to pursue greater cross-sector collaboration and engage policymakers on responsive reforms.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2025-04-03•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission has appointed Elaine Walsh as Executive Director of Finance, Strategy and Change, a new role integral to its transformation programme and financial management framework. Walsh will oversee Finance, Operational Excellence, and Project Management, supporting change and operational improvement while maintaining financial control. She will also contribute to the JFSC’s 2026+ strategy and fees reform.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-03•Thailand•Bank of Thailand
The Bank of Thailand, Reserve Bank of India, Bank Negara Malaysia, Bangko Sentral ng Pilipinas, and Monetary Authority of Singapore have established Nexus Global Payments (NGP) in Singapore to manage the Nexus multilateral instant cross-border payments scheme. NGP, a not-for-profit entity, transitions Nexus from a Bank for International Settlements Innovation Hub project to implementation, with initial capital from the five founding jurisdictions. Benjamin Lee is interim director, and an open procurement process is underway to select a Nexus Technical Operator.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-04-03•China•China Securities Regulatory Commission
The China Securities Regulatory Commission released draft revisions to securities investment fund custody rules for public comment, focusing on enhancing custodian accountability and investor protection. Key proposals include stricter licensing requirements, improved risk isolation, expanded custodian obligations, and refined licence revocation pathways. The draft also allows leading custodians to establish subsidiaries dedicated to custody business, subject to regulatory approval.
Policy & regulationRules & requirementsClient asset custody and safekeeping
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2025-04-03•China•China Securities Regulatory Commission
The China Securities Regulatory Commission held a symposium in Beijing, chaired by Wu Qing, to discuss capital market reform and support for technology innovation in the private sector. Key topics included the "1+N" policy framework, proposals for equity issuance reform, and mechanisms to support technology companies in the IPO process. Wu Qing emphasized reform to enhance market transparency, inclusiveness, and support for high-quality private enterprises.
Policy & regulationReform agendas & prioritiesMarket development
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2025-04-03•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president, Roberto E. Silva, outlined the CNV's work programme at the International Update Conference on Public Offerings and Capital Markets. Key initiatives include easing capital market constraints, regulating virtual asset service providers, and introducing an "automatic public offering" framework. Silva noted the approval of 69 general resolutions, with significant measures under public consultation.
Policy & regulationReform agendas & priorities
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2025-04-03•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission issued a notice to standardize insurance funds' major equity investments in unlisted enterprises. It clarifies transaction definitions, updates sector eligibility to include technology and big data, and strengthens governance and risk management. A "new–old separation" approach mandates compliance for new investments, while existing non-compliant business must develop rectification plans.
Policy & regulationRules & requirementsOther
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2025-04-03•China•China Banking and Insurance Regulatory Commission
The National Financial Regulatory Administration, the People's Bank of China, and the China Securities Regulatory Commission have issued Opinions to enhance financial dispute mediation, emphasizing non-litigation mechanisms. The document outlines improvements in mediation frameworks, standardization, and efficiency across banking, securities, and insurance sectors, involving collaboration with various departments to ensure orderly and professional practices.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-04-03•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration updated the policy on insurance funds' major equity investments in unlisted enterprises, expanding industry scope and enhancing governance and risk controls. Investments are directed towards strategic and emerging sectors, with stronger management and accountability. A five-year transition is introduced for existing non-compliant holdings, and insurance institutions must prepare and file rectification plans with the regulator.
Policy & regulationRules & requirementsCorporate governance
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2025-04-03•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration issued a notice detailing supervisory requirements for commercial banks' internet-assisted lending to standardize conduct and enhance risk management. The 10-article notice supplements existing regulations, emphasizing centralized management, risk-based pricing, and consumer protection. It introduces admission requirements for platform operators and mandates tighter cost management and standardized pricing.
Policy & regulationRules & requirementsLending
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2025-04-03•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration Party Secretary and Director Li Yunze met with HSBC Group Chair Mark Tucker to discuss global economic conditions, financial-sector opening-up, and HSBC’s business development in China.
Policy & regulationOther
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2025-04-03•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) has accepted a Court Enforceable Undertaking from ANZ to address weaknesses in non-financial risk management and culture, increasing ANZ’s capital add-on from AUD 750 million to AUD 1 billion. ANZ must conduct an independent review, develop a remediation plan, and ensure accountability in its Financial Accountability Regime, with the capital add-on remaining until APRA is satisfied.
SupervisionInterventionsOperational risk and resiliencePrudential risks
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2025-04-03•Moldova•National Bank of Moldova
The National Bank of Moldova’s Governor, Anca Dragu, emphasized central banks' roles in guiding data-driven economies with responsibility and transparency at the AI & Big Data Conference. She detailed the bank's AI use in risk supervision and document processing, and highlighted priorities like expanding digital payments, connecting to SEPA, and promoting financial education. Dragu also stressed responsible regulation of emerging technologies with European institutions.
Policy & regulationReform agendas & prioritiesArtificial intelligenceSupervision process and methodologies
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2025-04-03•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has launched Project AISE (Artificial Intelligence Supervisory Enhancer) to create an AI-driven toolkit aimed at enhancing supervisory efficiency and decision-making in financial oversight. Led by the Toronto Innovation Centre, the project focuses on reducing manual workload, improving data handling, and embedding best practices for evolving supervisory teams.
SupervisionInnovation & testingArtificial intelligenceSupervision process and methodologies
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2025-04-03•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) has introduced the Document Number Verification System (SEBI-DNVS) to verify the issuance of physical communications. Each communication will include a unique Outward Number, requiring one-time password authentication for verification. The system confirms issuance but not the content of the communication, accessible via SEBI's website.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2025-04-03•South Korea•Bank of Korea
The Bank of Korea released its "Official Foreign Reserves (March 2025)" report, detailing the latest figures and related information.
Data & statisticsBalance of payments and other external statistics
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2025-04-03•United Kingdom•The Pensions Regulator
The Pensions Regulator (TPR) increased enforcement against small defined contribution (DC) schemes for not completing the detailed value for members (dVFM) assessment, issuing £97,750 in penalties across 19 schemes. TPR urged trustees to consider transferring members to better-value schemes if they can't meet top governance standards. TPR is also working with the Financial Conduct Authority and the Department for Work and Pensions to develop a standardized value for money framework and improve supervisory approaches.
EnforcementEnforcement statisticsCorporate governance
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2025-04-03•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) released technical information for calculating the symmetric adjustment to the equity capital charge under Solvency II as of March 2025. This publication aligns with the Solvency II Directive and Delegated Regulation, and connects to EIOPA's final report on implementing technical standards for the equity index used in the adjustment.
Policy & regulationGuidance & interpretationCapital adequacy
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2025-04-03•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on risk-free interest rate (RFR) term structures as of March 2025, based on its Technical Documentation. These structures are essential for calculating technical provisions for (re)insurance obligations under Solvency II. The information is accessible on EIOPA's RFR webpage, which includes the 2025 release calendar and related resources.
Policy & regulationGuidance & interpretationFinancial and market indicators
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2025-04-03•Europe•European Insurance and Occupational Pensions Authority
EIOPA has launched three public consultations for the Solvency II review, addressing draft guidelines on exclusions from group supervision, revised guidelines on related undertakings, and a revised supervisory opinion on dynamic volatility adjustment within internal models. The updates aim to streamline Solvency II guidelines and align supervisory assessments with recent directive amendments.
Policy & regulationGuidance & interpretationPrudential risks
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2025-04-02•Venezuela•Ministry of Economy & Finance (Venezuela)
Venezuela's Ministry of Economy and Finance has announced a call for candidates for the Board of Directors of the Central Bank of Venezuela, to be evaluated by the Merit and Credentials Evaluation Committee. Applicants must comply with eligibility criteria outlined in Article 18 of the Central Bank of Venezuela Law Decree and provide a physical "Resumen Curricular" with supporting documentation.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-02•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved leadership changes for two real estate investment trusts and Allianz’s Bulgarian insurers, removed Reiswolf Bulgaria AD and its bond issue from the public register, and admitted a REIT share issue for trading. Additionally, it notified Denmark of European Insurance Company AD’s intent to provide cross-border services.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-02•Europe•Committee on Economic and Monetary Affairs
The European Parliament's Committees on Economic and Monetary Affairs and Environment, Public Health and Food Safety will discuss the European Commission’s draft regulation amending three acts under the EU Taxonomy Regulation. Part of the Omnibus I simplification package, it aims to streamline company reporting by introducing a financial materiality threshold, updating disclosure templates, and adjusting the Green Asset Ratio for banks. The Commission plans to adopt it in April 2025, followed by a four-month scrutiny period by the European Parliament and the Council.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-04-02•Europe•Committee on Economic and Monetary Affairs
The Committee on Economic and Monetary Affairs will hold a public hearing on 8 April 2025 to evaluate the impact of crypto-assets on financial stability. The session aims to gather expert input on the adequacy of the European Union's policy and regulatory framework in addressing these potential risks.
Policy & regulationOtherFinancial stability and systemic risk
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2025-04-02•Europe•Committee on Economic and Monetary Affairs
On 8 April 2025, Piero Cipollone of the European Central Bank will update the European Parliament's Committee on Economic and Monetary Affairs on the digital euro project. The update will cover progress in the preparation phase, including the draft digital euro scheme rulebook, provider selection, and ongoing experimentation. Concurrently, the European Parliament and the Council are reviewing the European Commission's legislative proposals for the digital euro.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-04-02•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) has launched the Pensions Library, a digital platform centralizing information on the pension system to enhance public education and transparency. The repository, hosted on SIPEN’s website, offers free access to over 790 documents from national and international organizations, covering topics such as pension benefits, labour market trends, and pension fund investment.
Financial literacy & educationFinancial literacy and education
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2025-04-02•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released February 2025 statistics on interest rates and lending volumes for euro-denominated contracts with euro area residents. Key changes include a rise in household deposit rates to 1.51% and consumer loan rates to 7.11%, while total new loans decreased to EUR 431.8 million. The report highlights shifts in rates and lending volumes across various sectors, reflecting changes in the composition of loan types.
Data & statisticsMonetary data
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2025-04-02•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released updated data on the Cypriot banking sector as of 31 December 2024, noting a decline in profitability by EUR 47 million to EUR 1,215 million due to lower net profit from foreign exchange differences, higher administrative expenses, and lower dividend income. Total assets increased by EUR 469 million to EUR 65,638 million, driven by growth in debt securities and loans. The Common Equity Tier 1 (CET1) ratio improved by 3 percentage points to 24.5%, with higher CET1 capital offsetting increased risk exposure.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-02•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported a decrease in the banking sector's Non-Performing Loans (NPL) ratio to 6.2% as of December 31, 2024, from 6.5% in September 2024. The coverage ratio for Non-Performing Exposures (NPEs) rose to 58.3%, driven by loan repayments, debt-to-asset swaps, write-offs, and successful loan restructurings. Total loans under restructuring reached EUR 1.3 billion, with EUR 0.7 billion still classified as NPEs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-02•United Kingdom•Payment Systems Regulator
The Payment Systems Regulator (PSR) has launched a consultation on proposed remedies for Mastercard and Visa scheme and processing fees, aiming to enhance fee transparency and accountability. Key proposals include clearer fee information for merchants, regulatory financial reporting, and improved pricing governance. The PSR's review found a 25% real-term fee increase from 2017 to 2023, costing UK businesses an additional GBP 170 million annually.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-02•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) and the Bank of Italy have signed a memorandum of understanding to enhance cooperation between the Arbitro per le Controversie Finanziarie (ACF) and the Arbitro Bancario Finanziario (ABF). The agreement aims to improve client protection through information sharing and coordination mechanisms to guide clients in selecting the appropriate arbitrator.
Policy & regulationCooperationComplaints and dispute resolution
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2025-04-02•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has issued guidance for market participants to prepare for the Consolidated Tape Provider (CTP) for bonds, emphasizing draft regulatory technical standards for preparatory work. The bond CTP selection process, initiated in January 2025, is on schedule, with a decision expected by early July 2025. ESMA advises firms to prepare for a short transitional period under the Markets in Financial Instruments Regulation (MiFIR) and to engage with the selected CTP entity on technical arrangements post-selection.
Policy & regulationGuidance & interpretationMarket infrastructure
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2025-04-02•Europe•European Securities and Markets Authority
The European Securities and Markets Authority released its annual peer review on National Competent Authorities' supervision of EU central counterparties' compliance with European Market Infrastructure Regulation requirements. The review found effective supervisory practices but identified areas needing improvement and stronger supervisory convergence. ESMA issued recommendations, will monitor their implementation, and seek tools to enhance convergence in defining major risk management activities.
SupervisionPeer reviews and country evaluationsCCPsSupervision process and methodologies
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2025-04-02•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced that trading in Ekopak financial instruments on Euronext Brussels will resume on April 2, 2025, at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
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2025-04-02•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has released a consultation document outlining the terms of reference for a review of access to financial advice, focusing on consumer access and industry challenges. Despite receiving supportive feedback and 25 submissions, the scope remains unchanged, with the review guided by confirmed focus areas and feedback invited by 30 May 2025.
Policy & regulationReform agendas & prioritiesOther
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2025-04-02•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission announced that eMerchantPay Mauritius Limited has surrendered its Payment Intermediary Services Licence, effective 11 October 2023. The termination is based on sections 28(5) and 28(9) of the Financial Services Act 2007.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-02•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its public warning list, adding five investment projects deemed high-risk: SIGNUM, IQ Matrix, Oxhey Finance, IQMAXTRADE LTD, and MATERIA LIMITED. The full list is available on the Commission's website under "Protection of Investors’ Rights," along with guidance on identifying dubious investment projects.
SupervisionAlertsSanctions list update
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2025-04-02•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) fined Amicorp Netherlands B.V. EUR 530,450 for inadequate customer due diligence under the Act on the Supervision of Trust Offices 2018. The fine was adjusted from a basic amount of EUR 2,500,000 due to Amicorp's previous non-compliance and subsequent corrective measures.
EnforcementInvestigations & enforcement actionsKYC
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2025-04-02•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) is reviewing financial service providers and investment firms under the 'national regime' due to market growth and increased non-compliance signals. This regime exempts firms from certain MiFID II requirements, allowing them to provide investment advice and transmit orders in investment funds, subject to ongoing compliance with the Wft Exemption Regulation. The AFM will approach selected firms individually, with potential follow-up actions based on review outcomes.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2025-04-02•Latvia•Central Bank of Latvia
The Central Bank of Latvia has granted AS Sincera Insurance non-life insurance licenses for land vehicles and miscellaneous financial loss insurance. The decision follows a review confirming compliance with Section 21(1) of the Insurance and Reinsurance Law. This authorization increases the number of licensed non-life insurance companies in Latvia to five.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-02•Latvia•Central Bank of Latvia
The Central Bank of Latvia's Supervision Committee has granted insurance licenses to AS Sincera Insurance for land vehicles and miscellaneous financial loss insurance. The bank confirmed compliance with Section 21 of the Insurance and Reinsurance Law. Latvia now has five licensed non-life insurance companies.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-02•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela's Committee for the Evaluation of Merits and Credentials is inviting applications for its Board of Directors from candidates meeting statutory eligibility requirements. Applicants must provide a hard-copy curriculum vitae summary for compliance verification with Article 18 of the Central Bank of Venezuela Law.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2025-04-02•El Salvador•Central Reserve Bank of El Salvador
The Central Reserve Bank of El Salvador has released the third set of results from the 2024 Population and Housing Census via the BCR Geoportal. The platform offers access to detailed census data, including departmental, municipal, and district-level information, with interactive tools for demographic, social, and economic analysis.
Data & statisticsEconomic data and developments
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2025-04-02•El Salvador•Central Reserve Bank of El Salvador
The Central Reserve Bank of El Salvador released results from the Seventh Population Census and Sixth Housing Census, providing updated sociodemographic and territorial data after 17 years. New outputs include an anonymized census database, a geoportal for interactive exploration, and updated urban-rural classifications. Conducted digitally, the census reports a population of 6,029,976 with 70.7% living in urban areas, highlighting efforts to modernize the country's statistical system.
Data & statisticsEconomic data and developments
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2025-04-02•Italy•Bank of Italy
Bank of Italy Deputy Director General Paolo Angelini delivered the opening address at a conference on sustainability in the financial industry, held in collaboration with the Catholic University of the Sacred Heart. The event programme and his remarks are available for download.
OtherESG
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2025-04-02•Italy•Bank of Italy
The Bank of Italy and Consob have signed a memorandum of understanding to enhance collaboration between the Arbitro Bancario Finanziario and the Arbitro per le Controversie Finanziarie, aiming for improved customer protection. The agreement facilitates information-sharing and coordination to assist customers in identifying the appropriate arbitral body for their complaints.
Policy & regulationCooperationComplaints and dispute resolution
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2025-04-02•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng met with Bridgewater founder Ray Dalio and Starr Group Chairman Jeffrey Greenberg to discuss global economic and financial conditions and China's macroeconomic policy.
Monetary policyOtherCross-border cooperation
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2025-04-02•Italy•Bank of Italy
Deputy Governor Paolo Angelini of the Bank of Italy delivered opening remarks at the conference "Sustainability in the financial industry: old models for new scenarios?" in Milan. The event was organized in collaboration with Università Cattolica del Sacro Cuore.
Financial literacy & educationESG
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2025-04-02•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners unveiled its 2025 strategic roadmap, "Securing Tomorrow: Advancing State-Based Regulation," at its Spring National Meeting, focusing on catastrophe resilience, consumer market strengthening, and rising reinsurance costs. Key initiatives include the National Climate Resilience Strategy for Insurance, cybersecurity frameworks, and enhanced consumer protections. The NAIC also launched the RBC Model Governance Initiative for a comprehensive review of the risk-based capital framework and aims to foster international regulatory partnerships.
Policy & regulationReform agendas & prioritiesOther
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2025-04-02•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier released redacted presentation slides from its annual AML/CFT conference for investment firms. The event featured contributions from the Luxembourg Financial Investigations Unit, Commission IRE PSF, and the Luxembourg Bankers’ Association. The materials are accessible in the CSSF’s studies and reports section.
Policy & regulationGuidance & interpretationAML and CFT
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2025-04-02•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority updated its notice on the prior approval regime for long-term block reinsurance transactions involving life commercial (re)insurers in Classes C, D, and E. The notice clarifies transaction scope, information expectations, and requires prior approval for modifications to existing block transactions. The BMA encourages early engagement and aims for a decision within two to four weeks if documentation is complete.
Policy & regulationGuidance & interpretation
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2025-04-02•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported allocating nearly UAH 2.7 billion for defense in March 2025 from its special account, with a balance of over UAH 2.1 billion as of 1 April 2025. Since the war began, total receipts have surpassed UAH 66 billion, with over UAH 45.1 billion from foreign remittances. Total allocations have exceeded UAH 64 billion, including significant disbursements to the Ministry of Defense, the Defence Procurement Agency, and the State Service of Special Communication and Information Protection of Ukraine.
Data & statisticsOther
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2025-04-02•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance will host the "Support for Sustainable Finance" conference on 4 April 2025 in Zagreb, featuring discussions on sustainable finance and business transformation. The event will include presentations on the European Commission’s Omnibus package and panels on green financial products and alignment with EU sustainability rules. The conference will also introduce a TSI project and plans for a Sustainability Centre.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-02•Mauritius•Mauritius International Financial Centre
The Mauritius International Financial Centre reported a meeting between the Minister of Financial Services and Economic Planning and senior International Finance Corporation representatives to discuss cooperation priorities. Topics included capital market development, sustainable finance, and wealth management, aligning with Mauritius' economic planning vision and post-grey list reforms. The meeting also considered Mauritius' participation in the Africa CEO Forum to enhance its profile as an African financial centre.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-02•Sweden•Riksbank
Sweden's Riksbank published a Staff Memo evaluating AI-based forecasting models for Sweden’s GDP and CPI inflation. The study finds that random forests and neural networks outperform traditional models, with random forests significantly improving CPI inflation forecasts by 10–40% over a random-walk benchmark. The memo highlights that model nonlinearity is crucial for forecast accuracy, particularly for CPI inflation.
ResearchArtificial intelligence
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2025-04-02•Costa Rica•Superintendencia General de Seguros de Costa Rica
Costa Rica's General Superintendence of Insurance reported cases of online banking fraud affecting the Mandatory Complementary Pension Regime and the Labor Capitalization Fund. A disability pensioner lost over CRC 3 million due to a phishing scam. The Judicial Investigation Agency recorded over 22,000 fraud offences since 2020, with internet use being the most common subtype.
SupervisionAlertsFraud and scams
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2025-04-02•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 Natalia Sharipovna Turgumbayeva's appointment to the Management Board of Shinhan Bank Kazakhstan JSC.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency and National Bank engaged with UAE counterparts to enhance capital markets cooperation and cross-border trading. Discussions covered trading results on Kazakhstan exchanges via UAE's Tabadul platform, regulatory approaches for digital assets, and developing capital market infrastructure, liquidity, investment partnerships, and AI infrastructure.
Policy & regulationCooperationMarket developmentSupervision process and methodologies
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2025-04-02•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 Bakytzhan Maidanovich Seitkazin as a senior officer in the securities market. His appointment is as a member of an executive body with responsibilities focused on information technology matters.
Institutional developmentLeadership change & appointmentsOther
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2025-04-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 0.6% rise in total banking assets to KZT 61.0tn as of March 2025, driven by a 1.1% increase in the loan portfolio. Loans to the economy grew 1.1% to KZT 33.8tn, with retail lending up 1.6% and business lending up 0.2%, while deposits rose 0.1% to KZT 40.4tn. The non-performing loan ratio increased to 3.3%, and capital adequacy ratios were 20.8% (k1) and 22.4% (k2).
Data & statisticsLendingAsset quality
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2025-04-02•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 reported a 1.0% rise in insurance sector assets to KZT 3.2tn in February 2025, while liabilities increased 1.7% to KZT 2.3tn, and equity fell 0.6% to KZT 955bn. Insurers faced a KZT 3.3bn loss due to a KZT 30.3bn negative foreign-currency revaluation. Insurance contracts rose 40.9% year-on-year to 4.1m, driven by accident insurance, with premiums up 23.8% to KZT 281.7bn year-to-date.
Data & statisticsLiquidity riskPrudential risks
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2025-04-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reported a 0.2% decline in equity market capitalisation to KZT 32.0trn in February 2025, with the KASE index down 0.4% to 5,620.34 points. Equity trading volumes rose 38.1% to KZT 25.9bn, while corporate bond turnover nearly doubled to KZT 200.0bn. Outstanding government debt rose 3.5% to KZT 27.9trn, and government securities turnover increased to KZT 670.5bn.
Data & statisticsFinancial and market indicatorsSecurities offerings and listings
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2025-04-02•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 drafted a resolution to amend regulatory acts, aligning them with the Law on Legal Acts. The proposal expands internet resources for publishing annual financial statements and introduces a "Debt Securities Buffer" segment on the stock exchange for issuers failing to meet bond coupon interest obligations.
Policy & regulationRules & requirementsOther
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2025-04-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reported on consumer protection, addressing borrower fraud, loan restructuring, and debt reduction. It reviewed 12,485 appeals, resulting in supervisory measures and administrative sanctions, including KZT 30.9 million in penalties. The update highlighted progress in the mortgage refinancing program, significantly alleviating borrowers' debt burdens.
SupervisionInterventionsLiquidity riskPrudential risks
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2025-04-02•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) has published the historical series of the Lisbon Stock Exchange Index from 1900 to 2013 on its website, compiled by researchers from Universidade Nova de Lisboa. This release, part of CMVM's Strategic Plan 2025–2028, aims to enhance research access to capital markets data. CMVM plans to update the series and publish new data as it becomes available.
Data & statistics
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2025-04-02•Global•OECD
The OECD's Economic Survey of Israel highlights the economy's resilience post-October 7 attacks, recommending policies to curb inflation, manage fiscal deficits, and address living costs while sustaining growth. GDP growth is projected at 3.4% in 2025 and 5.5% in 2026, with a call for tight monetary policy due to inflation concerns. The Survey advises fiscal discipline, trade barrier reduction, regulatory flexibility for AI growth, and leveraging the carbon tax for decarbonisation.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2025-04-02•Australia•Reserve Bank of Australia
The Reserve Bank of Australia released a summary of stakeholder feedback from its consultation on the future system for monetary policy implementation, which has informed changes to its open market operations. The RBA received 11 written responses and held follow-up meetings, and it will continue engaging with stakeholders on the system's design.
Policy & regulationOther
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2025-04-02•Cyprus•Cyprus Securities and Exchange Commission
Resolute Investment Management (Cyprus) Ltd has informed the Cyprus Securities and Exchange Commission (CySEC) of the decision to dissolve and liquidate the Selena Real Estate II investment compartment. CySEC will remove the compartment from the RAIFs’ Register upon completion of the liquidation process and submission of necessary documents, as per the Alternative Investment Funds Law of 2018.
SupervisionAuthorisations & approvalsOther
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2025-04-02•Belgium•National Bank of Belgium
The National Bank of Belgium released its annual climate-related disclosures for non-monetary policy portfolios, aligning with the Task Force on Climate-related Financial Disclosures framework. Key measures include a 50% carbon footprint reduction target by 2030 for European equities and foreign currency corporate bonds, and a shift to an EU climate transition benchmark index. The report integrates Scope 3 emissions into carbon intensity metrics, highlighting data-quality limitations and the use of 2023 year-end data.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-02•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to Dah Sing Bank, Limited. The HKMA emphasized that banks will not request sensitive personal information or transactions via SMS, email, or embedded hyperlinks. Affected individuals are advised to contact Dah Sing Bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-04-02•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens associated with Chong Hing Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Affected individuals should contact Chong Hing Bank Limited and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-02•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a warning about fraudulent websites and internet banking login screens linked to DBS Bank (Hong Kong) Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Affected individuals are advised to contact the bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-02•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert about a fraudulent website reported by The Hongkong and Shanghai Banking Corporation Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. It advised affected individuals to contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-04-02•Türkiye•Banking Regulation and Supervision Agency
Turkey's Banking Regulation and Supervision Agency released its Banking Sector Monthly Bulletin for February 2025, detailing financial data submitted by institutions under the Banking Law. This publication aims to enhance transparency and inform the public as part of the agency's supervisory role.
SupervisionRegulatory reportingSupervisory data
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2025-04-02•Europe•European Central Bank
The European Central Bank's Working Paper (No 3048) finds that increased volatility in euro area short-term money market rates weakens the transmission of monetary policy shocks on output and prices. Using data from January 2002 to February 2020, the study shows that higher short-rate volatility reduces the responsiveness of bank lending rates and loan volumes. The paper concludes that maintaining short-rate volatility within reasonable limits supports monetary policy transmission, despite potential trade-offs with money market activity.
Research
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2025-04-02•Europe•European Central Bank
European Central Bank President Christine Lagarde, in Dublin, stressed Europe's need for enhanced economic integration and decision-making to tackle geopolitical rivalry and protectionism. She highlighted economic risks from trade headwinds and uncertainty, advocating for integrated capital markets and removing internal Single Market barriers. Lagarde also urged structural changes in decision-making, including more qualified majority voting for collective action.
Policy & regulationReform agendas & prioritiesGeopolitical risk
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2025-04-02•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan awarded completion certificates for the Climate Transition Programme, emphasizing sustainable finance and climate risk management as priorities for economic stability. Representatives from major banks presented their ESG measures and plans. The central bank highlighted ongoing cooperation with international financial institutions on green initiatives.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-02•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) released its 2024 Management Report, detailing developments in insurance, reinsurance, open private pension, and capitalization markets. Highlights include technical provisions reaching BRL 1.8 trillion and sector revenue of BRL 435.6 billion, alongside legal reforms with Law 15.040/2024 and Complementary Law 213. The report marks the start of SUSEP’s 2024–2027 strategic planning cycle and outlines engagement with market participants for supervisory actions.
Institutional developmentGovernanceActivity and performance reporting
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2025-04-02•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), led by Superintendent Alessandro Octaviani, participated in the Central Bank of Brazil's 60th-anniversary event, emphasizing institutional cooperation. Octaviani highlighted the central bank's role in economic stability and increasing interactions with SUSEP-supervised firms to enhance confidence, legal certainty, and innovation in financial and insurance markets.
Policy & regulationCooperationOther
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2025-04-02•Liberia•Central Bank of Liberia
The Central Bank of Liberia used the joint launch of its Financial Education Program and PAPSS rollout to announce nationwide financial literacy and payments adoption efforts. The literacy program follows a study showing 77% of respondents in eight counties had never received financial education, while PAPSS will be promoted through a nine-month awareness campaign targeting banks, traders and border communities. The bank also highlighted strong digital payments growth in 2024, including LRD 471 billion in mobile money transactions and a 17.7% rise in cross-border transactions to USD 494.5 million.
Financial literacy & educationCross-border paymentsFinancial inclusionFinancial literacy and education
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2025-04-02•United States•New York State Department of Financial Services
The New York State Department of Financial Services mandates health insurers to collect demographic data to analyze healthcare access disparities. Insurers cannot use this data for discrimination and must regularly attest compliance. The rule applies to insurers licensed in New York, including not-for-profits, health maintenance organizations, and student health plans.
Policy & regulationRules & requirementsDiversity and inclusion
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2025-04-02•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation and blocking of unauthorised insurance intermediation on three websites in Italy. This action increases the total number of websites targeted by IVASS blocking orders to 225 since November 2023. IVASS advises consumers to verify the legitimacy of insurance offers online, by phone, or via instant messaging by consulting its registers and lists.
SupervisionInterventionsUnlicensed or unauthorized activity
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2025-04-02•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released its 2024 Financial Advice Providers industry snapshot, detailing data from regulatory returns for the period 1 July 2023 to 30 June 2024. Key findings include a decline in financial advisers since 2021, limited digital advice offerings, significant KiwiSaver provider switches, and the operational importance of outsourcing, with most complaints resolved within three months.
SupervisionRisk monitoring & watch pointsRegulatory reporting
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2025-04-02•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has ordered GRF Assessoria Ltda. and its sole shareholder, Guilherme Ricardo Fuhr, to halt public offerings of securities intermediation services. The firm used the INVESTINBROKER platform to solicit Brazilian clients without authorization. The suspension was enacted through Declaratory Act CVM 23,225.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-02•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has released a consultation document outlining proposed terms of reference for a review of access to financial advice, seeking industry and stakeholder feedback by 30 May 2025.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2025-04-02•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority announced a review of access to financial advice to enhance consumer accessibility and inform a risk-based regulatory approach, alongside publishing analysis from its 2024 regulatory returns questionnaire. The review will explore consumer preferences, industry models, digital advice, and ease of provision, with feedback on draft terms open until 30 May.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-02•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has initiated a survey to assess the adoption of CBPS 01 (IFRS S1) and CBPS 02 (IFRS S2) in Brazil's capital markets. This effort aims to gather feedback from listed companies, investors, auditors, and consultancies to aid CVM's monitoring and support the transition to mandatory reporting. The survey is part of CVM's plan for voluntary adoption of sustainability-related financial reporting under ISSB standards.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-04-02•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) Board rejected a settlement offer from Fertilizantes Heringer S.A. executives in an administrative sanctioning case, despite the Settlement Committee's support. The case involves alleged voting and disclosure failures. Conversely, the Board approved settlements totaling BRL 270,000 with Oceanpact Serviços Marítimos S.A. and two executives to close inquiries related to suspected share trading violations.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-04-02•Serbia•Republic of Serbia Securities Commission
The Republic of Serbia Securities Commission held a workshop on the European Markets in Crypto-Assets Regulation (MiCA) to assess Serbia's Law on Digital Assets alignment with MiCA, aiming for full legislative alignment with the EU acquis. Supported by the PLAC IV Project, the workshop included a gap analysis led by Croatian expert Sanja Vojak, highlighting differences between Serbia's legal framework and MiCA. Participants concluded Serbia is not lagging in applying the EU regulatory framework.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-04-02•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore and the Singapore Police Force issued a joint advisory warning of scams involving fraudsters impersonating MAS officials and using the MAS Register of Representatives e-service to deceive victims. Since March 2025, at least three cases have resulted in losses totaling $614,000. The advisory emphasizes that the register is not a list of MAS employees and warns against disclosing personal information or transferring funds to unknown accounts.
SupervisionAlertsFraud and scams
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2025-04-02•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said Financiera de Ahorro y Aval SA is not authorized to operate in Paraguay. It also warned that a website linked to the firm’s advertising is not connected to the central bank, contains false information and should not be used to submit personal data. The site has been reported to CERT-PY for removal.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-02•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission (GFSC) added 12 individuals and one entity to the UK consolidated list under the Global Anti-Corruption Sanctions Regulations 2021, imposing an asset freeze in Guernsey. Firms must freeze accounts involving these persons and report to the States of Guernsey Policy & Resources Committee and GFSC. The notice includes names like Alejandro Eduardo Giammattei Falla and the entity Evrazia, with strict prohibitions on providing funds or resources unless permitted by derogation or licence.
EnforcementSanctions & designationsNew sanctions designations
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2025-04-02•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC detailed capital market reforms at the InvestPH 2025 Conference, focusing on market liquidity, transparency, and business facilitation. Initiatives include expedited capital stock processing, streamlined registration, and tax cuts under the proposed Capital Markets Efficiency Promotion Act. The SEC is updating the 2019 Corporate Governance Code and reviewing credit rating agency regulations.
Policy & regulationReform agendas & prioritiesMarket development
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2025-04-02•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC's Lipa Extension Office partnered with National University Lipa to boost financial literacy and company registration awareness. This collaboration, under the SEC CAN! program, includes creating educational materials and seminars on investing and investor protection. NU Lipa is the first partner of the Lipa Extension Office, opened in December 2024.
Financial literacy & educationFinancial literacy and education
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2025-04-02•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued Memorandum Circular No. 2, Series of 2025, exempting certain funds from the single business group (SBG) investment limit, subjecting them to the single entity limit under Rule 6.8(b) of the Investment Company Act. No fines will be imposed for SBG limit breaches by covered funds from 15 May 2020 to 27 March 2025, but breaches of Rule 6.8(b) will incur penalties. Cross-border Qualifying Collective Investment Schemes must adhere to the 20% SBG limit under ASEAN standards.
Policy & regulationRules & requirementsPrudential risks