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  • 2025-03-06GlobalGlobal Legal Entity Identifier Foundation

    Global Legal Entity Identifier Foundation and Open Ownership launch Global Open Data Integration Network to integrate LEIs into open data sources

    The Global Legal Entity Identifier Foundation and Open Ownership have launched the Global Open Data Integration Network to enhance data interoperability, accessibility, and transparency by integrating Legal Entity Identifiers into open data sources and aligning with global standards. This initiative aims to create a more interconnected ecosystem for public and private sector use, offering shared expertise and improved data integration.

    Policy & regulationCooperationBeneficial ownership
  • 2025-03-06VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Lai Huu Phuoc as Chief Inspector

    The State Bank of Vietnam appointed Lai Huu Phuoc as Chief Inspector, overseeing the central bank's inspection function. Deputy Governor Pham Quang Dung emphasized the Inspectorate's role in maintaining transparency and discipline in a sector with assets exceeding VND 23 quadrillion. Phuoc's experience includes roles at the State Audit Office of Vietnam and the Joint Stock Commercial Bank for Foreign Trade of Vietnam.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-06EswatiniCentral Bank of Eswatini

    Central Bank of Eswatini launches Global Money Week primary schools budgeting competition with prizes up to SZL 4,500

    The Central Bank of Eswatini has launched its 2025 Global Money Week competition for primary school learners aged 5 to 12, focusing on practical money management with a SZL 500 budget. Participants must create a weekly budget addressing essential expenses, savings, and unexpected costs, with submissions in a 600-word write-up or short video. Prizes range from SZL 1,500 to SZL 4,500, deposited into the winner's unit trust, and entries are judged on realism, prioritisation, creativity, and communication.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-06EswatiniCentral Bank of Eswatini

    Central Bank of Eswatini launches Global Money Week Future Finfluencer Challenge for high school students with prizes up to SZL 6,000

    The Central Bank of Eswatini announced the 2025 Global Money Week competition for high school students, titled the "Future Finfluencer Challenge." Participants aged 13–19 are invited to create content on financial literacy themes, with entries judged on relevance, creativity, clarity, and effort. Prizes include cash awards and certificates, with winning entries potentially used by participating organizations.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-06EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority and World Bank Group mission agree to develop J-CAP action plans spanning the voluntary carbon market, fintech and entrepreneurship

    The Egypt Financial Regulatory Authority collaborated with the World Bank and International Finance Corporation under the Joint Capital Markets Program to focus on sustainability, carbon market activation, digital transformation, and entrepreneurship. Discussions emphasized capital market development to attract foreign investment and launching a regulated voluntary carbon market. The agenda also included fintech and digitization to enhance access to non-banking financial services and support financial inclusion.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-03-06IcelandCentral Bank of Iceland

    Central Bank of Iceland publishes preliminary Q4 2024 balance of payments showing ISK 95.2bn current account deficit and net IIP at 42.5% of GDP

    The Central Bank of Iceland reported a Q4 2024 current account deficit of ISK 95.2bn and a net international investment position surplus of ISK 1,963bn, equal to 42.5% of GDP. The Bank highlighted uncertainty in financial transactions data due to the sale of an Icelandic industrial company to non-residents, which may lead to future revisions in financial account and IIP figures.

    Data & statisticsBalance of payments and other external statistics
  • 2025-03-06IcelandCentral Bank of Iceland

    Central Bank of Iceland publishes preliminary Q4 2024 balance of payments data showing ISK 95.2bn current account deficit and net IIP at 42.5% of GDP

    The Central Bank of Iceland reported a Q4 2024 current account deficit of ISK 95.2bn and a positive net international investment position (IIP) of ISK 1,963bn, or 42.5% of GDP, noting a significant deterioration from the previous quarter. The bank highlighted uncertainty in financial account and IIP data due to the sale of an Icelandic industrial company to non-residents, which may lead to future revisions.

    Data & statisticsBalance of payments and other external statistics
  • 2025-03-06PolandPolish Financial Supervision Commission (KNF)

    Polish Financial Supervision Commission meets EU Commissioner Albuquerque on Savings and Investments Union priorities and sustainability reporting simplification

    KNF Chair Jacek Jastrzębski met with European Commissioner Maria Luís Albuquerque to discuss the Savings and Investments Union and capital markets priorities. Topics included market integration, competitiveness, supervisory convergence, and cross-border activity oversight. They also addressed fostering investment culture, long-term savings, and simplifying sustainability reporting under the Omnibus initiative.

    Policy & regulationCooperationMarket developmentSupervision process and methodologies
  • 2025-03-06GlobalInternational Monetary Fund

    International Monetary Fund identifies rising pension fund liquidity and contagion risks, calls for stronger oversight

    The International Monetary Fund has identified growing liquidity and contagion risks in the USD 63.1 trillion global pension savings sector. It recommends stronger reporting, coordination and liquidity oversight, alongside risk-based capital regimes for large defined benefit sectors and expanded systemic stress testing.

    ResearchFinancial stability and systemic riskMacroprudential policy and toolsLiquidity risk
  • 2025-03-06RussiaCentral Bank of Russia

    Central Bank of Russia plans to expand cash-in-transit regulation beyond banks and introduce a provider register

    The Central Bank of Russia plans to expand regulation in the cash-in-transit market to include non-bank service providers, supported by a register and enforcement against unregistered operators. This follows broad support for additional regulation to address unfair competition, labour shortages, and service availability issues. The initiative aims to enhance market accessibility, particularly in remote areas.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-03-06RussiaCentral Bank of Russia

    Central Bank of Russia publishes sectoral financial flows review showing February incoming payments 9.5% above 2024 Q4 average

    The Central Bank of Russia's latest Monitoring of Sectoral Financial Flows review indicates sustained high economic growth in early 2025, with February payments surpassing the fourth quarter 2024 average by 9.5%. Financial flows rose across most industry groups, notably in investment demand-oriented sectors, which saw growth exceeding 25%.

    Data & statisticsEconomic data and developments
  • 2025-03-06MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets approves remuneration policy amendments, registers share capital changes and reiterates compliance orders

    Moldova's National Commission for Financial Markets (CNPF) adopted decisions on capital market regulation, including registering corporate actions, reissuing an investment company licence, and aligning remuneration governance with European Commission guidance. The CNPF registered share restructuring for JSC “Direcția de Construcții și Reparații rutiere Orhei” and an additional share issue for JSC “CRIO-IZVORUL.” Enforcement directions were reiterated for two firms, and FLEX FINANCIAL's requests to suspend CNPF decisions were rejected.

    Policy & regulationRules & requirementsLicence approval
  • 2025-03-06NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority closes thematic review of DNB Asset Management’s sustainability disclosures with no remarks

    The Norwegian Financial Supervisory Authority completed a document-based thematic review of DNB Asset Management AS, finding compliance with sustainability-related disclosure requirements under EU Regulation 2019/2088. The review covered mutual funds DNB Miljøinvest and DNB Grønt Skifte Norden, assessing sustainability risk integration, adverse impact consideration, and disclosure practices. The case closed with no comments on the firm's documentation.

    SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
  • 2025-03-06United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission statement urges principles based AI disclosure and questions Section 11 lockup recommendation

    The U.S. Securities and Exchange Commission emphasized maintaining public company disclosure on artificial intelligence risks within materiality and principles-based requirements, opposing prescriptive frameworks. The SEC also discussed retail investor fraud coordination through the Interagency Securities Council and addressed concerns about Section 11's tracing requirement and the implications of a mandatory lockup period.

    Policy & regulationGuidance & interpretationArtificial intelligenceDisclosures
  • 2025-03-06United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission Acting Chairman outlines Investor Advisory Committee priorities and plans artificial intelligence roundtable for March 27

    The U.S. SEC's Acting Chairman Mark T. Uyeda addressed the Investor Advisory Committee on recruitment for vacancies and key topics like retail investor fraud, AI in securities markets, and share traceability in Section 11 prospectus liability claims. Uyeda highlighted sophisticated scams, ongoing investor education, and a March 27 roundtable on AI issues. The Committee is also considering recommendations on share traceability under the Securities Act of 1933.

    Policy & regulationImplementation, projects & pilotsArtificial intelligenceMarket development
  • 2025-03-06United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission starts EDGAR Next filer transition with March 24 launch of new management dashboard

    The U.S. Securities and Exchange Commission has issued guidance for EDGAR filers as it launches "EDGAR Next" enhancements, including a new Filer Management dashboard available from 24 March. Filers can enroll in EDGAR Next by submitting an amended Form ID to obtain access credentials. The SEC provides supporting materials such as instructional videos, webinars, guides, and FAQs to assist with the transition.

    Policy & regulationGuidance & interpretationRegulatory reporting
  • 2025-03-06ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission reports CNY 15.3 billion in 2024 enforcement penalties and outlines next phase of capital market reforms

    China Securities Regulatory Commission Chair Wu Qing detailed the State Council's 'new Nine Measures' for capital market development, highlighting stricter supervision and enforcement against financial misconduct. Key developments include improved investor compensation, market-stabilization measures, and growth in equity ETFs and public funds' A-share holdings. Future priorities involve reforming the STAR Market, ChiNext, and Beijing Stock Exchange, supporting innovation, and expanding institutional opening through regulatory enhancements and cross-border connectivity.

    Policy & regulationReform agendas & prioritiesCorporate governance
  • 2025-03-06AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority consults on eight prudential governance reforms including a 10-year non-executive director tenure limit

    The Australian Prudential Regulation Authority released a discussion paper proposing eight measures to enhance prudential governance for banks, insurers, and superannuation trustees, including stricter board capability, independence, and accountability standards. The proposals, open for a three-month consultation, aim for implementation by 2028 following formal consultation in 2026.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-03-06MoldovaNational Bank of Moldova

    National Bank of Moldova sets out how fintech and alternative credit data could widen SME financing and highlights MIA benefits for entrepreneurs

    At a fintech conference, National Bank of Moldova officials highlighted how financial innovation can enhance maturity and risk transformation, improving capital access for small and medium-sized enterprises. The Bank's Fintech Directorate emphasized MIA's benefits for entrepreneurs, focusing on efficient service delivery. Mihnea Constantinescu underscored the need for appropriate regulation, citing alternative credit assessments to unlock funding for those lacking traditional credit histories.

    Policy & regulationGuidance & interpretationFintech and insurtech
  • 2025-03-06MoldovaNational Bank of Moldova

    National Bank of Moldova holds Brussels talks on SEPA accession and EU Growth Plan support

    National Bank of Moldova Governor Anca Dragu met with European Parliament member Andrea Wechsler in Brussels to discuss Moldova's progress toward joining the Single Euro Payments Area and EU financial integration. They discussed the future EU Multiannual Financial Framework and financial support through the Growth Plan. Wechsler emphasized the National Bank's role in strengthening Moldova's financial sector, with continued European Parliament support amid the energy crisis.

    Policy & regulationCooperationCross-border cooperation
  • 2025-03-06MoldovaNational Bank of Moldova

    National Bank of Moldova confirms positive decision admitting Moldova to SEPA

    The National Bank of Moldova announced joining the Single Euro Payments Area (SEPA), facilitating euro payments with SEPA countries under domestic conditions and reducing cross-border costs. Participation in SEPA does not entail adopting the euro, with Moldovan accounts remaining in Moldovan lei. The bank anticipates significant fee reductions and economy-wide savings, attributing readiness to legislative alignment with EU directives.

    Policy & regulationImplementation, projects & pilotsCross-border payments
  • 2025-03-06MoldovaNational Bank of Moldova

    National Bank of Moldova announces Moldova has been accepted into the Single Euro Payments Area

    The National Bank of Moldova announced the country's acceptance into the Single Euro Payments Area (SEPA), facilitating faster and cheaper euro transfers. This move is expected to significantly reduce international euro transfer costs and enhance trade with the EU, saving up to EUR 20 million annually. Preparations included aligning legislation with EU standards and strengthening financial supervision, with commercial banks set to implement necessary technical adjustments.

    Policy & regulationImplementation, projects & pilotsCross-border payments
  • 2025-03-06United StatesThe White House

    United States' The White House orders Treasury to establish a Strategic Bitcoin Reserve and a United States Digital Asset Stockpile

    The White House ordered the Treasury to create a Strategic Bitcoin Reserve and a US Digital Asset Stockpile to centralize government digital assets. The order restricts Bitcoin sales and mandates federal agencies to report their digital asset holdings. Treasury and Commerce must develop strategies to acquire more Bitcoin, prohibiting further non-Bitcoin acquisitions without additional executive or legislative action.

    Policy & regulationRules & requirementsCBDC
  • 2025-03-06United StatesThe White House

    The White House establishes a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile by Executive Order

    The White House released a fact sheet on an Executive Order by President Trump establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile to centralize federal digital asset management. The Reserve will be funded with bitcoin forfeited through legal proceedings, while the Stockpile will hold non-bitcoin assets without acquiring more. Federal agencies must report their digital asset holdings to the Secretary of the Treasury and the President’s Working Group on Digital Asset Markets.

    Policy & regulationRules & requirementsCBDC
  • 2025-03-06United StatesThe White House

    The White House sets out Trump deregulation agenda and estimates USD 180 billion in avoided regulatory costs

    The White House's Council of Economic Advisers memo outlines President Trump's deregulatory program, claiming over USD 180 billion in cost avoidance by halting proposed Biden-era regulations. It criticizes the Biden Administration for adding over USD 1.8 trillion in regulatory costs, notably from Environmental Protection Agency rules, and highlights a "1-in-10-out regulatory budget" approach. The memo notes potential savings of over USD 1.134 trillion from rolling back automobile-related rules and cites high-cost regulations across various agencies.

    Policy & regulationReform agendas & priorities
  • 2025-03-06United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury outlines drive to streamline bank supervision, rebalance trade through tariffs and intensify maximum pressure sanctions on Iran

    Treasury Secretary Scott Bessent outlined three priorities for the Treasury under President Trump: deregulating financial services focusing on material risks, using tariffs to reshape international economic relations, and updating financial sanctions for immediate impact. He emphasized cross-agency coordination through the Financial Stability Oversight Council and the President’s Working Group on Financial Markets, citing the need for rigorous analysis of the enhanced supplementary leverage ratio. On sanctions, Bessent highlighted a "maximum pressure" campaign targeting Iran's oil exports and infrastructure.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-03-06Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago registers Massy Remittance Services as an e-money issuer for its WIDIT digital wallet

    The Central Bank of Trinidad and Tobago has registered Massy Remittance Services (Trinidad) Ltd. (MRSTL) as an e-money issuer using its WIDIT digital wallet app, following a six-month provisional period. MRSTL, a subsidiary of Massy Financial Services Limited, is also licensed as a Bureau de Change and acts as an agent for MoneyGram International in several Caribbean countries. The Central Bank will monitor MRSTL’s compliance with legislation and guidelines, including the E-Money Issuer Order (2020).

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-03-05BulgariaBulgaria Financial Supervision Commission

    Bulgaria Financial Supervision Commission approves Finance Plus Management Holding BGN 10m bond prospectus and updates capital markets and insurance registers

    The Bulgaria Financial Supervision Commission approved a prospectus for Finance Plus Management Holding AD's BGN 10,000,000 bond issue and made several supervisory decisions, including governance approvals and changes to REIT outsourcing arrangements. The Commission also removed a Development Assets AD bond issue from the register, deleted Leno Ins EOOD from the insurance brokers register, and closed an investment intermediary authorisation for MK Brokers AD.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-03-05MexicoMinistry of Finance & Public Credit (Mexico)

    Mexico's Ministry of Finance and Public Credit presents comparative report on compatibility of Mexico Sustainable Taxonomy and the European Union Green Taxonomy

    Mexico's Ministry of Finance and the EU released a report comparing Mexico’s Sustainable Taxonomy and the EU’s Green Taxonomy to guide international investors on sustainable activities. The report identifies shared principles and climate objectives, noting Mexico's inclusion of social criteria like gender equality. This initiative supports the EU’s Global Gateway strategy, aiming to mobilize over EUR 300 billion.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-03-05KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo begins a governance audit in cooperation with the Central Bank of Malta

    The Central Bank of the Republic of Kosovo is hosting a delegation from the Central Bank of Malta for a governance audit as part of a bilateral cooperation initiative. This four-day mission, led by Aidan Massa, involves meetings with senior stakeholders to review processes and exchange governance expertise. It marks the first governance audit with a Eurosystem peer, supporting International Monetary Fund recommendations.

    Institutional developmentCooperation & capacity buildingAuditing
  • 2025-03-05MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority reports Parliament’s adoption of an Alternative Investment Funds Law aligned with the EU AIFMD framework

    The Montenegro Capital Market Authority announced the adoption of the Law on Alternative Investment Funds, establishing a regulatory framework for AIFs in line with Directive 2011/61/EU. This law addresses gaps in the previous Investment Funds Law by setting conditions for AIF establishment and management, defining AIF manager responsibilities, and enhancing supervisory mechanisms to bolster investor protection.

    Policy & regulationRules & requirementsOther
  • 2025-03-05New ZealandReserve Bank of New Zealand

    Reserve Bank of New Zealand announces Governor Adrian Orr’s departure with Christian Hawkesby to serve as Acting Governor until 31 March

    The Reserve Bank of New Zealand announced Governor Adrian Orr's departure, with Deputy Governor Christian Hawkesby serving as Acting Governor until 31 March and chairing the Monetary Policy Committee. From 1 April, a temporary Governor will be appointed for up to six months, with Orr noted for his role in implementing significant reforms, including the Reserve Bank Act and the Depositor Compensation Scheme.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-05AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission charges Brendan Gunn over alleged handling of AUD 181,000 suspected proceeds of crime

    The Australian Securities & Investments Commission (ASIC) has charged Brendan Gunn with dealing in proceeds of crime over AUD 100,000, under section 400.9(1) of the Criminal Code. ASIC alleges Gunn, a director of Mormarkets Pty Ltd, managed bank cheques from investments totaling AUD 181,000 for cryptocurrency conversion, despite scam warnings and account closures. The case, prosecuted by the Commonwealth Director of Public Prosecutions, follows an ASIC investigation. The maximum penalty is three years’ imprisonment or a fine of AUD 37,800, or both.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-03-05TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority conducts insurance awareness outreach in Mara and urges government entities to insure public assets

    Tanzania Insurance Regulatory Authority (TIRA) held an education session for the Mara Regional Commissioner’s Office and Roads Board, emphasizing increased insurance uptake and protection of government property. Insurance Commissioner Dr. Baghayo Saqware highlighted TIRA's role in advising on government asset insurance and its statutory duties, including licensing, sector monitoring, and public education. Regional leaders advocated for insuring public assets and promoting agricultural insurance to mitigate risks.

    Financial literacy & educationOther
  • 2025-03-05TanzaniaTanzania Insurance Regulatory Authority

    Tanzania Insurance Regulatory Authority delivers insurance training for Simiyu public servants focused on covering government assets and growing agency distribution

    The Tanzania Insurance Regulatory Authority conducted insurance training for public sector employees in Simiyu Region to promote insurance as a protective tool for government assets and encourage participation in the sector. The initiative aims to expand insurance availability and distribution, with notable market growth in Simiyu, where gross insurance premiums rose from TZS 5 million in 2022 to TZS 97 million in 2023.

    Financial literacy & educationOther
  • 2025-03-05El SalvadorCentral Reserve Bank of El Salvador

    Central Reserve Bank of El Salvador reports Transfer365 saved users USD 153.76 million in interbank fees and now handles 88.78% of payments and transfers

    The Central Reserve Bank of El Salvador reported that Transfer365, a 24/7 fee-free interbank payment service, has saved users USD 153.76 million in commissions since 2021, handling 88.78% of domestic transactions. By January 2025, it reached 68 million transactions valued at USD 62.8 billion, with significant usage outside standard hours. The Bank also noted growth in related services like Transfer365 Móvil and Transfer365 Business, and highlighted the cross-border service Transfer365 CA-RD, facilitating USD 388.11 million in transfers, predominantly by women.

    Data & statisticsCross-border payments
  • 2025-03-05Costa RicaCentral Bank of Costa Rica

    Central Bank of Costa Rica’s SINPE-TP wins 2025 Transport Ticketing Global Best Smart Ticketing Program award

    The Central Bank of Costa Rica's SINPE-TP, the National Electronic Payment System in Public Transport, won the 2025 "Best Smart Ticketing Program" award at the Transport Ticketing Global event in London. SINPE-TP, operational since 2021, has facilitated over 25 million transactions and CRC 11,000 million in fare payments, with plans to expand to 3,000 buses by the end of 2025.

    OtherPayments and payment systems
  • 2025-03-05GeorgiaInsurance State Supervision Service of Georgia

    Insurance State Supervision Service of Georgia supports BARTA 2024 annual report and transparency awards naming ten winners

    The Insurance State Supervision Service of Georgia reported on the BARTA 2024 ceremony, recognizing Georgian companies for excellence in reporting and transparency, supported by the World Bank’s Financial and Sustainable Development Reporting Improvement Program. Awardees included JSC TBC Bank, JSC Bank of Georgia, and others. BARTA, established in 2019, serves as a platform for sharing information among financial and non-financial companies.

    OtherAccounting and financial reporting
  • 2025-03-05ChinaCentral Bank of the Republic of China

    People's Bank of China sets 2025 priorities for publicity, ideological and cultural and mass-organization work

    The People's Bank of China reviewed its 2024 activities and set key tasks for 2025 at its annual conference on publicity, ideological, and cultural work. The 2025 agenda includes enhancing theory study, launching the "Warm-Heart Initiative" for staff support, and strengthening the ideological work responsibility system. Efforts will also focus on promoting Chinese-style financial culture through improved communication.

    Institutional developmentWorkforce & recruitmentOther
  • 2025-03-05ItalyBank of Italy

    Bank of Italy presents generative AI applications for banknote design at Intergraf Currency+Identity 2025

    The Bank of Italy will participate in Intergraf Currency+Identity 2025 in Milan, presenting on generative artificial intelligence in banknote design. The event will highlight technological innovation in security printing, environmental sustainability, and digital technologies, with global industry and government participation.

    OtherClimate risk and sustainable finance
  • 2025-03-05ItalyBank of Italy

    Bank of Italy to present generative AI applications for banknote design at Intergraf Currency+Identity 2025

    The Bank of Italy will participate in Intergraf Currency+Identity 2025 in Milan, presenting on the application of generative artificial intelligence in banknote design. The event will cover technological innovations in security printing, environmental sustainability, and digital technologies, with global participation from manufacturers, central banks, and authorities.

    OtherArtificial intelligenceMarket development
  • 2025-03-05EuropeEuropean Banking Authority

    European Banking Authority consults on annual fees for EU-wide validation of EMIR pro forma initial margin models

    The European Banking Authority (EBA) has initiated a public consultation on fees for validating pro forma models under the European Market Infrastructure Regulation (EMIR). The proposal includes an annual fee per validated model, aligning with the EBA's role as the EU central validator. The consultation outlines budgeting, cost estimates, fee calculation methods, and payment modalities, supporting the EBA's advice to the European Commission on a Delegated Act.

    Policy & regulationRules & requirementsMarket infrastructure
  • 2025-03-05UkraineNational Bank of Ukraine

    National Bank of Ukraine expands benchmark government bond list for meeting reserve requirements to 17 issues from 11 March 2025

    The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks can use to meet up to 60% of their reserve requirements, adding bond ISIN UA4000234553 effective 11 March 2025. This expansion, approved by Board Decision No. 68, aims to support banks' participation in Ministry of Finance auctions and aid in financing the state budget.

    Policy & regulationRules & requirementsFinancial benchmarks
  • 2025-03-05PortugalBank of Portugal

    Bank of Portugal releases January 2025 banking rate statistics as household term deposit rates fall to 1.98% and new mortgage rates level off at 3.22%

    The Bank of Portugal released January 2025 statistics on interest rates and volumes for new bank loans and deposits. The average rate on new household term deposits decreased to 1.98%, while new housing loans remained stable at 3.22%. New lending to households totaled EUR 2,779 million, with consumer credit rates rising to 9.12%, and new lending to companies fell to EUR 2,018 million with an average rate of 4.25%.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-03-05United StatesFinancial Industry Regulatory Authority

    Financial Industry Regulatory Authority Board elects Scott A. Curtis as chair and approves consultation on consolidated outside activities rule

    The FINRA Board elected Scott A. Curtis as Board Chair and advanced governance and policy items, including a consultation on a revised Outside Activities rule and potential changes to TRACE reporting timeframes. The Board appointed Richard Kuhlman and Trinity Lee to the National Adjudicatory Council and approved allocating prior-year fine monies to capital initiatives. Additionally, the Board plans to issue a Regulatory Notice for comment on proposed Rule 3290 and publish a report on the use of 2024 fine monies.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-05GuernseyMinistry of Finance (Guernsey)

    Guernsey's Ministry of Finance outlines Chief Minister meetings with UK Ministers on financial crime cooperation and Crown Dependency relations

    Guernsey's Ministry of Finance summarized Chief Minister Deputy Lyndon Trott's meetings with UK officials, focusing on the UK–Crown Dependencies constitutional relationship, financial crime cooperation, and economic ties. Discussions included strengthening relationships with UK departments, enhancing transparency of beneficial ownership, and supporting Overseas Territories. Economic talks highlighted Guernsey's role in the UK's growth agenda and sanctions enforcement.

    Policy & regulationCooperationCross-border cooperation
  • 2025-03-05PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendency of Banking, Insurance and AFP launches Reporte SOAT/CAT service to show citizens policy and claims information

    Peru's Superintendency of Banking, Insurance and AFP has introduced Reporte SOAT/CAT, a public service allowing citizens to access information on their compulsory traffic accident insurance (SOAT) or traffic accident certificate (CAT) and related claims history. The service aims to promote safer driving and assist citizens in policy management.

    Policy & regulationImplementation, projects & pilotsActivity and performance reporting
  • 2025-03-05SloveniaSlovenia Insurance Supervision Agency

    Slovenia Insurance Supervision Agency issues reporting guidance and refines fund disclosure reporting for supplementary pension annuity pay-out business

    The Slovenia Insurance Supervision Agency issued a reporting instruction to clarify disclosure requirements for insurers and pension companies, focusing on supplementary pension insurance funds during the annuity pay-out phase. This guidance aims to reduce reporting errors and divergent interpretations identified in 2023. It specifies adjustments to liabilities and results disclosures, particularly in profit allocation or crediting, following a 2024 scope revision.

    Policy & regulationGuidance & interpretationRegulatory reporting
  • 2025-03-05KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves four senior insurance sector executives

    Kazakhstan's Financial Market Agency approved four senior management appointments in insurance: K.S. Baizhanova and L.O. Stogneeva to the executive body, and A.B. Mukhamedzhanov and M.A. Sikhaev to the management body. The Agency stated that senior executives with existing regulatory consent may transfer within the sector without additional approval, subject to qualification requirements.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-05KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan amends collection agency rules on debtor request records and notification obligations

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has amended rules for collection agencies to enhance debtor-collector interactions. Key changes include record-keeping of debtor applications, documentation of settlement measures, and clarification of enforcement proceedings. The obligation to provide recorded information to the Agency is removed due to planned automation.

    Policy & regulationRules & requirements
  • 2025-03-05KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves Elena Statsenko for a securities market executive body role

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Elena Vladimirovna Statsenko's appointment to an executive body position in the securities market.

    Institutional developmentLeadership change & appointmentsLicence approval
  • 2025-03-05SloveniaCentral Bank of Slovenia

    Central Bank of Slovenia launches Global Money Week programme with free financial literacy events and museum activities

    The Central Bank of Slovenia announced its programme for Global Money Week, focusing on financial literacy and safe money management from 17 to 23 March. Activities include school workshops, museum events, and a digital prize game in Ljubljana. The initiative also features social media engagement, showcasing art competition winners and an online safety quiz.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-05CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission warns of fraudsters impersonating CySEC staff to solicit investor fees

    The Cyprus Securities and Exchange Commission (CySEC) issued a warning about scams involving impersonators soliciting fees for bogus compensation claims. CySEC clarified it does not contact individuals for personal or financial information, collect fees, or engage in compensation schemes. The public is urged to verify communications' authenticity and report suspicious activity to CySEC.

    SupervisionAlertsFraud and scams
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to fraudulent website linked to Bank Julius Baer & Co. Ltd.

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website linked to Bank Julius Baer & Co. Ltd. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Individuals who have shared personal information or conducted transactions through the fraudulent site are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent China Construction Bank (Asia) websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) alerted about fraudulent websites and internet banking login screens linked to China Construction Bank (Asia) Corporation Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information by 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
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent DBS Bank Hong Kong websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) alerted the public about fraudulent websites and internet banking login screens linked to DBS Bank (Hong Kong) Limited. The HKMA reminded that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Affected individuals should contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to fraudulent Shanghai Commercial Bank website and internet banking login screen

    The Hong Kong Monetary Authority issued a public alert regarding a fraudulent website and fake internet banking login screen reported by Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send messages with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns of a fraudulent HSBC website and phishing instant messages

    The Hong Kong Monetary Authority (HKMA) issued a public alert regarding a fraudulent website and phishing messages linked to The Hongkong and Shanghai Banking Corporation Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals are advised to contact the bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-03-05Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns the public about phishing instant messages impersonating Industrial and Commercial Bank of China (Asia)

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing instant messages linked to Industrial and Commercial Bank of China (Asia) Limited. The HKMA emphasized that banks will not send messages with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Individuals who responded to such messages are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-03-05ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission lifts Section 52 mandatory measures on Sunday Insurance (Thailand) and revokes prior registrar orders

    The Thailand Office of Insurance Commission has lifted supervisory measures on Sunday Insurance (Thailand) Public Company Limited, citing compliance with capital adequacy and asset allocation requirements. The insurer is required to adhere to the non-life insurance legal framework, while the Office will maintain close monitoring of its financial position and governance.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-03-05TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan grants GANJ MOLIYA a licence to accept deposits and conduct specified banking operations

    The National Bank of the Republic of Tajikistan has licensed Limited Liability Company microcredit deposit organisation “GANJ MOLIYA” to conduct specific banking operations. These include deposit-taking, microloans, account management, fund transfers, guarantees, forward and swap contracts, cash and settlement operations, and issuing bank payment cards.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-03-05TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan discusses correspondent banking links and Japanese bank entry with Japan’s ambassador

    The National Bank of the Republic of Tajikistan and Japan's ambassador discussed enhancing banking cooperation, focusing on correspondent banking and Japanese investment in Tajik credit institutions. The central bank expressed interest in restoring ties with Japanese banks and highlighted favorable conditions for foreign banks in Tajikistan. Cooperation through the Japan International Cooperation Agency and the JDS grant project was also addressed, linking to infrastructure and human capital development.

    Policy & regulationCooperationCross-border cooperation
  • 2025-03-05TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan convenes interagency working group to review 2024 financial inclusion action plan

    The National Bank of the Republic of Tajikistan convened an interagency group to enhance economic rights for women and youth, focusing on financial inclusion, consumer rights, and literacy. The Bank's Research Institute updated on the 2024 action plan under the National Financial Inclusion Strategy, highlighting objectives, governance, and progress. A participant from the Women's World Banking Leadership Diversity Program shared insights on improving women entrepreneurs' access to financial instruments.

    Policy & regulationImplementation, projects & pilotsDiversity and inclusion
  • 2025-03-05IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority convenes second Chintan Shivir to discuss SupTech, AI and emerging regulation for GIFT IFSC

    The India International Financial Services Centres Authority (IFSCA) held its second Annual Chintan Shivir in Udaipur, focusing on strategies for developing GIFT IFSC's regulatory ecosystem aligned with the Viksit Bharat@2047 vision. Sessions addressed technology-led supervision, AI applications, attracting NRIs and PIOs, emerging regulatory areas, unified financial services regulation, and asset tokenisation. The Chairperson emphasized leadership themes and a nation-first approach inspired by the Prime Minister's "Panch Pran."

    Policy & regulationReform agendas & prioritiesSupervision process and methodologiesArtificial intelligence
  • 2025-03-05SloveniaSlovenia Securities Market Agency

    Slovenia Securities Market Agency issues updated licensing toolkit and suitability guide for alternative investment fund managers

    The Slovenia Securities Market Agency released updated editions of its licensing aid, questionnaire, and guide for assessing key persons' suitability under the Alternative Investment Fund Managers Act. The revisions include content updates on suitability assessments, alignment with amended legislation, and clarifications based on past authorisation experiences.

    Policy & regulationGuidance & interpretationLicensing framework and process
  • 2025-03-05ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of four unauthorised insurance intermediation websites

    The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation on four websites and instructed providers in Italy to block access. The technical blocking process is underway, with the total number of sites blocked since November 2023 reaching 212. IVASS advises consumers to verify the legitimacy of insurance offers, especially for temporary motor third-party liability policies, by consulting its online registers.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-03-05SerbiaNational Bank of Serbia

    National Bank of Serbia reports 8.23 million IPS NBS instant payments in February 2025

    The National Bank of Serbia reported that the IPS NBS system processed 8,231,908 transactions in February 2025, with an average daily volume of 293,997 payments. The system achieved an average execution time of 1.1 seconds, and total turnover reached RSD 99.4 billion.

    Data & statisticsCurrency and cash management
  • 2025-03-05SerbiaNational Bank of Serbia

    National Bank of Serbia reports 18.3 million February RTGS and clearing payments and 100% system availability

    The National Bank of Serbia reported February 2025 operational statistics for its payment systems, processing 18.3 million payments with no downtime. The RTGS system handled 93.6% of transactions, totaling RSD 18,074.4bn, while the Clearing System processed 6.4% of transactions, totaling RSD 24.8bn. Both foreign-exchange clearing systems processed EUR 121.2 million in transactions, maintaining 100% availability.

    Data & statisticsActivity and performance reporting
  • 2025-03-05ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay requires debt issues under global issuance programs and financial entity bonds to use HRA from March 6 2025

    The Central Bank of Paraguay has expanded mandatory use of its Agent Registration Tool to cover selected debt securities registrations from March 6, 2025. The requirement applies to debt issues under the Global Issuance Program, bonds of financial entities and subordinated bonds of financial entities. The bank said the shift digitizes processing without changing existing regulatory requirements.

    SupervisionRegulatory reportingSecurities offerings and listings
  • 2025-03-05MalaysiaMalaysia Securities Commission

    Malaysia Securities Commission wins Court of Appeal ruling restoring convictions and daily fine for failure to attend money laundering questioning

    The Malaysia Securities Commission announced that the Court of Appeal dismissed an appeal by Amirruddin bin Nin, a director of CTB Solutions Sdn Bhd, against his conviction for failing to appear for questioning in a money laundering investigation. The court reinstated additional convictions and a RM2,000 daily fine, emphasizing the strict liability nature of the offence under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001. The Securities Commission stressed the importance of compliance with investigative notices for effective enforcement.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-03-05GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission releases fourth-quarter 2024 fund statistics showing total NAV rising to GBP 290.1 billion

    The Guernsey Financial Services Commission reported that the total net asset value of Guernsey funds reached GBP 290.1 billion in Q4 2024, marking a quarterly increase of GBP 1.3 billion (0.5%). Closed-ended funds decreased by GBP 0.5 billion (0.2%) over the quarter, while open-ended funds rose by GBP 1.8 billion (3.7%). Guernsey Green Funds contributed GBP 4.9 billion to the total net asset value.

    Data & statisticsFinancial and market indicators
  • 2025-03-05United KingdomPrudential Regulation Authority

    Prudential Regulation Authority consults on raising leverage ratio retail deposit threshold from GBP 50 billion to GBP 70 billion

    The Prudential Regulation Authority (PRA) is consulting on raising the retail deposits threshold to GBP 70 billion for UK banks, building societies, and investment firms subject to the leverage ratio requirement, citing nominal UK GDP growth since 2016. The proposal aims to maintain proportionality and reduce "prudential drag," with fewer than five firms expected to fall out of scope, potentially saving GBP 130,000 annually. The non-UK assets threshold remains unchanged, with implementation proposed for January 2026.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-03-05GlobalUnited Nations Environment Programme Finance Initiative

    United Nations Environment Programme Finance Initiative adds four new Principles for Responsible Banking case studies and publishes the Responsible Banking Blueprint

    The United Nations Environment Programme Finance Initiative (UNEP FI) has expanded its responsible banking case study series with four new reports and released new guidance through its Responsible Banking Blueprint. The Blueprint serves as a roadmap for implementing the Principles for Responsible Banking, focusing on strategy, internal processes, client engagement, and transparency.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-03-05CanadaOmbudsman for Banking Services and Investments

    Ombudsman for Banking Services and Investments appoints three new directors to its Board

    The Ombudsman for Banking Services and Investments (OBSI) appointed Maureen L. Buckley, Jason Enouy, and Professor Marina Pavlović to its Board of Directors, enhancing expertise in public service, financial compliance, and consumer rights. OBSI reaffirmed its governance framework, requiring a majority of independent community directors, including the Board Chair, with specific roles for consumer interest and industry directors.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-05GlobalWorld Federation of Exchanges

    World Federation of Exchanges research finds voluntary carbon credit issuance averages 2.5 years and highlights major efficiency gaps versus mainstream markets

    The World Federation of Exchanges published research on voluntary carbon markets, highlighting long lags in credit issuance and retirement compared to established markets, with a notable shift in demand away from large end-users. The study reveals an average issuance lag of 2.5 years and a retirement lag of 4.4 years, with significant variation by project type and registry.

    ResearchClimate risk and sustainable finance
  • 2025-03-05ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges CGD213A bondholders to review proposed maturity extension, interest changes and collateral release ahead of 10 March meeting

    The Thailand Securities and Exchange Commission urges holders of Country Group Development Public Company Limited’s CGD213A bonds to review information and exercise their rights at the bondholders’ meeting on 10 March 2025. Proposed changes include extending maturity to 23 September 2026, adjusting interest rates, and releasing collateral for project financing. Bondholders should consider the implications and seek detailed information before voting.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-03-05United KingdomBank of England

    Bank of England's Prudential Regulation Authority consults on raising the retail deposits leverage ratio threshold to GBP 70 billion

    The Bank of England's Prudential Regulation Authority is consulting on raising the retail deposits threshold for the UK leverage ratio requirement from GBP 50 billion to GBP 70 billion. This adjustment reflects nominal GDP growth since 2016 and aims to allow smaller firms more growth capacity before entering the leverage regime, while the GBP 10 billion non-UK assets threshold remains unchanged.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-03-05EuropeEuropean Commission

    European Commission and European Investment Bank launch InvestEU Gender Finance Lab to help EU banks expand finance for women-led SMEs

    The European Commission and the European Investment Bank have launched the InvestEU Gender Finance Lab to enhance EU commercial banks' access to finance for women-owned and women-led SMEs. The initiative includes a Gender-Smart Finance Master Class, focusing on market potential assessment, gender-responsive product design, and data analysis. The first cohort begins in March 2025, with participation free for institutions.

    Policy & regulationImplementation, projects & pilotsDiversity and inclusion
  • 2025-03-05NamibiaBank of Namibia

    Bank of Namibia unveils NAD 60 commemorative banknote honouring Dr Hage G Geingob

    The Bank of Namibia will issue a NAD 60 commemorative banknote on 17 March 2025, honoring the late President Dr. Hage G. Geingob's 60 years of service. The polymer note features advanced security elements, including intaglio print, Argentum silver ink, and ultraviolet elements, and will circulate as legal tender and a collector's item. A public education campaign will precede its release to familiarize the public with its features.

    Monetary policyMonetary policy instruments & operationsOther
  • 2025-03-05VietnamState Bank of Vietnam

    State Bank of Vietnam reviews National Money Printing Factory performance and urges digital capability upgrades for 2025

    The State Bank of Vietnam reported on the National Money Printing Factory's 2025 employee delegates conference, highlighting the completion of its 2024 production plan and delivery targets. Standing Deputy Governor Dao Minh Tu emphasized the need for digital technology adoption and skills development amid declining cash usage and rising non-cash payments. The conference also recognized outstanding contributions with awards to individuals and groups.

    Institutional developmentTechnology & data transformationOther
  • 2025-03-05CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns that CanCapV2, CanCap-App and CanCap crypto platforms are not registered

    The New Brunswick Financial and Consumer Services Commission warned about crypto platforms under the CanCap name, including CanCapV2, CanCap-App, and CanCap, which aren't registered to deal in or advise on securities in New Brunswick. The alert clarifies these entities shouldn't be confused with CanCap Group, a Canadian financial services company, and advises investors to verify registration through the National Registration Search tool.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-03-05CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns investors that CanCapV2 and related CanCap-named platforms are not registered for securities business

    The New Brunswick Financial and Consumer Services Commission issued a warning that CanCapV2 is not registered to deal or advise in securities in New Brunswick. The alert distinguishes CanCapV2 from CanCap Group, a Canadian financial services company, and highlights other unregistered platforms such as CanCap-App and CanCentra.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-03-05CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns investors that CanCap-App and related platforms are not registered to deal or advise in securities

    The New Brunswick Financial and Consumer Services Commission issued a warning that CanCap-App, operating from the Czech Republic, is not registered to deal or advise in securities in New Brunswick. The alert also cautions against confusing CanCap-App with CanCap Group, a Canadian financial services company, and flags other unregistered platforms using similar names.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-03-05CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns investors that CanCap is not registered to deal or advise in securities

    The New Brunswick Financial and Consumer Services Commission warned that CanCap, operating from the Czech Republic under names like CanCentra and Immediate Flectinium, is not registered to deal or advise in securities in New Brunswick. The Commission clarified that CanCap should not be confused with CanCap Group, a Canadian financial services company, and noted additional caution list entries for websites using names like CanCapV2 and CanCap-App.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-03-05CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial & Consumer Services Commission warns of fake news crypto scam impersonating Premier Susan Holt to promote unregistered CanCap platform

    The New Brunswick Financial & Consumer Services Commission issued a consumer alert about a social media impersonation scam falsely claiming Premier Susan Holt endorses the unregistered cryptocurrency platform CanCap. The scam involves a fake news article mimicking a Telegraph-Journal webpage, falsely asserting government and Bank of Canada backing. The Commission highlighted the use of generative AI in scams and added CanCap and related platforms to its Caution List.

    SupervisionAlertsFraud and scams
  • 2025-03-05CanadaOffice of the Superintendent of Financial Institutions

    Canada's Office of the Superintendent of Financial Institutions hosts second International Financial Regulators Chief Risk Officer Roundtable in Toronto

    The Office of the Superintendent of Financial Institutions hosted the second International Financial Regulators Chief Risk Officer Roundtable in Toronto, focusing on financial risk management. Over 30 participants discussed supervisory and policy-making effectiveness, internal control, and managing third-party, people, and resource risks.

    Policy & regulationCooperationRisk managementSupervision process and methodologies
  • 2025-03-05ChileCentral Bank of Chile

    Central Bank of Chile publishes EDEP survey with firms’ 12- and 24-month inflation expectations holding at 4%

    The Central Bank of Chile released the Survey of Price Determinants and Expectations, revealing median inflation expectations at 4% over 12 and 24 months. Firms reported sales recovery and neutral profit margins, with selling prices pressured by costs, input availability, and the US dollar exchange rate. The proportion of firms anticipating higher input costs and selling prices in the next year remains unchanged.

    Data & statisticsEconomic data and developments
  • 2025-03-05ChileCentral Bank of Chile

    Central Bank of Chile starts monthly Online Retail Sales Index to measure e-commerce share of formal retail sales

    The Central Bank of Chile will publish the Online Retail Sales Index for Retail Trade (IVOCM) monthly from 5 March 2025, to track e-commerce's share within total formal retail sales. This new indicator aims to quantify trends in digitalisation's economic effects, previously only implicitly captured in National Accounts. The IVOCM will be part of the Bank’s “Experimental Statistics” programme and may undergo significant revisions.

    Data & statisticsMarket development
  • 2025-03-05NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority flags high corporate loan defaults and low IFRS 9 provisions at Trøndelag Sparebank

    The Norwegian Financial Supervisory Authority's inspection report on Trøndelag Sparebank highlights increased risks from rising corporate loan defaults, rapid lending growth, and governance weaknesses. Non-performing corporate loans reached 9.9% of the portfolio by end-H2 2024, with insufficient loss allowances and significant internal control shortcomings. The bank must submit an action plan and documentation, with further guidance on retail exposures pending European Banking Authority recommendations.

    SupervisionReviews, inspections & stress testsCredit riskAsset quality
  • 2025-03-05CanadaOmbudsman for Banking Services and Investments

    Canada's Ombudsman for Banking Services and Investments appoints three new directors to its board

    The Ombudsman for Banking Services and Investments (OBSI) in Canada appointed Maureen L. Buckley, Jason Enouy, and Professor Marina Pavlovic to its Board of Directors. They bring expertise from public service, industry compliance, and consumer rights. OBSI's bylaws require a majority of independent community directors, including three consumer interest directors, ensuring directors' fiduciary duty to OBSI without representing external interests.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-03-05AlbaniaBank of Albania

    Bank of Albania Supervisory Council approves the 2024 Annual Report and 2024 profit allocation

    The Supervisory Council of the Bank of Albania approved the Annual Report 2024 and the allocation of the central bank’s profit for 2024. The report, a legal obligation for accountability, details macroeconomic developments, monetary policies, and financial stability risks, among other topics. It will be presented to the Parliament and published on the bank's website.

    Institutional developmentGovernanceRegulatory reporting
  • 2025-03-05MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets meets IFC to prioritise EU-aligned capital markets and sustainable finance rule transposition

    Moldova's National Commission for Financial Markets and the International Finance Corporation (IFC) agreed to align Moldova’s capital markets regulatory framework with EU requirements, focusing on sustainable finance and ESG regulations. The Commission aims to transpose the full framework by 2026, with IFC support deemed crucial. Additional meetings with stakeholders are planned to assess needs for a normative framework aligned with EU standards.

    Policy & regulationCooperationESGGreen taxonomy
  • 2025-03-05CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission settles unregistered trading case with B.C. resident and company for CAD 120,000

    The British Columbia Securities Commission (BCSC) announced that Anish Sunderji and First Globe Capital International Inc. paid CAD 120,000 to settle allegations of unregistered trading activity. First Globe admitted to trading securities without registration, earning CAD 211,384 in finder’s fees for referring investors to six companies between 2019 and 2020. The BCSC found no prior misconduct or investor losses related to the case.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-03-05GlobalFinancial Stability Board

    Financial Stability Board Deputy Secretary General sets out four regulatory priorities for a faster tech-driven financial system

    At the GFTN Forum Japan, Financial Stability Board Deputy Secretary General Martin Moloney stressed the need for agile regulation due to innovations like AI and crypto-assets, which accelerate risk transmission. He highlighted issues such as liquidity mismatches in tokenised real estate and AI-driven trading volatility, and outlined priorities like expanding regulatory perimeters and investing in supervisory capabilities. Moloney warned that slow regulatory responses could lead to cross-border fragmentation as activities migrate to avoid oversight.

    Policy & regulationReform agendas & prioritiesFintech and insurtechRegtech and suptech
  • 2025-03-05ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission pilots looser M&A loan limits for tech companies with an 80% financing cap and 10-year tenor

    The China Banking and Insurance Regulatory Commission has launched a pilot to ease M&A lending rules for banks targeting tech companies, raising the loan-to-transaction ratio from 60% to 80% and extending loan tenors from seven to ten years. Covering 18 cities, it involves large, joint-stock, and city commercial banks with strong governance and M&A expertise, and tech firms with robust innovation prospects. Local regulators will oversee implementation, requiring banks to establish internal rules and credit assessment frameworks.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-03-05ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration signals broader real estate white list lending and higher limits for tech M&A loans

    Li Yunze, head of China's National Financial Regulatory Administration, outlined 2025 priorities: enhancing real estate and small enterprise financing, supporting consumption finance, and expanding technology-finance pilots. Key indicators include a 16% bank capital adequacy ratio, 200% insurance solvency, and CNY 3.8 trillion in non-performing asset disposals. Plans involve increasing credit for private firms, expanding real estate project eligibility, and advancing technology finance initiatives, including a CNY 60 billion addition to the insurance investment reform pilot.

    Policy & regulationReform agendas & prioritiesEconomic data and developments