The Romanian Financial Supervisory Authority published its Daily Market Report for 27 July 2026 and pointed readers to the archive of Daily Market Report and Morning Call editions for 2021 through 2026.
The Central Bank of Taiwan reported 3,557 dishonored checks due to insufficient funds in June, representing 0.07% of checks cleared, with a total value of TWD 3.5 billion or 0.30% of cleared value. Overall check clearing rose to 4.8 million checks worth TWD 1.16 trillion, mainly because the month had one more business day and two month-end peak days. The higher value of dishonored checks reflected more cases from accounts with aggregated dishonored values of at least TWD 100 million.
The Bulgarian Financial Supervision Commission has published a list of non-licensed investment intermediaries.
The Montenegro Capital Market Authority has opened a consultation on three draft capital markets rulebooks. They would set more detailed transaction reporting requirements, organizational and conduct standards for investment firms, and approval conditions for investment firm status changes. The authority will finalize the texts after reviewing comments.
The Central Bank of Russia tightened fourth-quarter 2026 limits on high-risk unsecured consumer, microfinance, home and auto equity, and car lending. It kept limits for credit-card and mortgage lending unchanged, alongside existing macroprudential add-ons and the 0.5 percentage point countercyclical buffer. The changes target borrowers with high debt service-to-income ratios and long-term unsecured loans.
The Central Bank of Russia reported that annual M2X growth slowed to 12.9% in June, mainly reflecting a decline in foreign currency deposits. Annual lending growth remained broadly stable at 9.9%, with credit to the economy continuing to drive money supply growth.
The Czech National Bank published a research brief finding that higher European defense spending is linked to stronger output in the short run and inflation that builds after about two to three years. Price effects are stronger where procurement is supplied domestically and weaker where equipment is imported. The brief also finds that defense stocks and investor holdings, including by Czech households, rose sharply ahead of the spending increases.
The Central Bank of the Philippines said a Bangko Sentral Registration Document covering Koppers Wood Products Pty. Limited’s PHP7,873,759.49 investment in its Philippine branch has been reported lost. Banks and affiliated foreign exchange corporations must not honor the original document if it is presented for foreign exchange purchases linked to capital repatriation or remittance of earnings.
The Central Bank of the Philippines held its first transport sector currency education campaign, training a bus company's staff to identify counterfeit and unfit Philippine currency and handle cash properly. The seminar also covered the security features of current banknote and coin series. Similar outreach to other transport stakeholders will follow.
The Hong Kong Securities and Futures Commission fined and reprimanded Bright Smart Securities International (H.K.) Limited for inadequate controls to detect and prevent client wash trades. The regulator found the weaknesses allowed 1,021 pairs of wash trades across 615 client accounts between November 2023 and September 2025, and said the firm's largely manual controls remained inadequate even after changes made in March 2024.
The Hong Kong Securities and Futures Commission reprimanded and fined China Industrial Securities International Asset Management Limited HKD 6.8 million over failures in managing a private fund for Tahoe Life. The firm followed investor-driven, Tahoe Life-linked arrangements that the SFC said were unnecessarily complex, lacked clear commercial rationale and presented red flags it failed to investigate properly. The SFC also found breaches in mandate compliance and risk management.
Germany's Federal Financial Supervisory Authority warned financial-sector obliged entities about risks involving virtual international bank account numbers linked to underground banking.
The Austrian Financial Market Authority reported that contract numbers for premium-subsidized Zukunftsvorsorge continued to fall in 2025, with 729,000 contracts outstanding and new business down to 7,223. Managed assets still rose 6.8% to EUR 9.27 billion as positive market conditions lifted volume-weighted performance to 13% before costs.
The South African Reserve Bank’s Corporation for Deposit Insurance has updated its single customer view handbook and coverage and reporting rules for banks. The revised handbook changes the treatment of pledged accounts and deceased depositors, expands the email field length to 100 characters, updates province values and tightens selected business rules for single customer view reporting. Banks are expected to align their reporting processes with the updated CODI requirements.
Armenia’s Ministry of Finance and the IMF agreed on steps to institutionalize and publish the ministry’s medium-term forecasting model. The IMF assessed the broader forecasting and analysis system as advanced practice that could be presented to other countries.
The Bank of the Lao PDR is holding a five-day banking-sector inspection training program for 65 central bank and commercial bank participants. The program covers internal controls, financial reporting documents, artificial intelligence and professional conduct.
Kazakhstan’s financial market regulator approved three senior bank appointments. The decisions cover a deputy management board chair at Commercial and Industrial Bank of China in Almaty, a board member at Otbasy Bank, and an independent director at Kazakhstan Halyk Bank.
The Central Bank of the Philippines warned that scammers are falsely using the name of Monetary Board Member Benjamin E. Diokno to solicit donations for purported charities. It said the central bank and its officials do not seek donations or financial assistance from the public and urged verification of any related messages or documents.
The National Bank of the Kyrgyz Republic kept its key rate at 12.00%, effective July 28, 2026, saying tightened monetary conditions remain necessary to contain inflation pressures from external shocks and strong domestic demand. Inflation stood at 6.5% since the start of 2026 and 11.3% year on year as of July 17, while real GDP grew 11.9% in the first half, and the central bank said it will continue to assess risks to return inflation to its 5-7% medium-term target range.
Kazakhstan’s financial regulator approved a risk-based conduct framework requiring financial firms to govern products throughout their lifecycle, assess customer suitability and prevent consumer harm. It also adopted unified financial ombudsman rules effective Jan. 1, 2027, and expanded the collective debt-resolution platform to qualifying debts assigned to collection agencies.
The South Korea Financial Services Commission selected eight first-half 2026 proactive administration award cases, recognizing officials behind major policy measures rather than announcing new rules. The highlighted cases include the removal of the KRW 3 billion cap on stock manipulation whistleblower rewards, new account-freeze tools for emerging phishing scams, tighter management of delinquent debt and support for KRW 31.9 trillion in medium-interest lending in 2026. The awards also recognized a joint naphtha import support framework that had provided USD 710 million across three cases by July 24.
South Korea's Financial Services Commission expanded the pilot for its small business credit assessment system to 16 banks and KRW 2.2 trillion of lending, with rollout from late August 2026. The AI-based model uses nonfinancial data to capture growth potential and is set to be extended to individual business owner Saetdol loans from October 2026 and regional credit guarantee assessments from 2027. The commission also began further review of whether to shorten the five-year retention period for public bankruptcy and discharge information.
The Thailand Office of Insurance Commission is pursuing individuals who used social media to encourage Thai consumers to buy insurance from Singapore insurers. It has asked the Monetary Authority of Singapore to review the conduct, sought blocking of the related accounts, and is preparing criminal action with Thailand's Economic Crime Suppression Division. The regulator warned that buyers of unlicensed foreign insurance cannot seek redress through the Office of Insurance Commission.
Bank of Indonesia appointed Senior Deputy Governor Destry Damayanti as acting governor after Perry Warjiyo resigned on 25 July 2026 for personal reasons. The appointment was made at a 26 July 2026 Board of Governors meeting, and the central bank said it will continue its core stability mandates.
The Consumer Financial Protection Bureau is developing financial education resources for Trump Accounts and exploring artificial intelligence tools to improve delivery of its materials. It is also producing targeted content on fraud, scams and other financial topics for key consumer groups.
The Australian Department of the Treasury is consulting on draft regulations to extend existing deferred sales model exemptions for 10 classes of add-on insurance until 5 October 2031. The exemptions currently expire on 5 October 2026. Treasury said its review found the current carve-outs should continue unchanged.
The Australian Prudential Regulation Authority has finalized the remake of three Level 3 conglomerate prudential standards ahead of their 1 October 2026 sunset. The changes to 3PS 221, 3PS 222 and 3PS 310 are administrative only and do not create new requirements for Level 3 conglomerate groups.
APRA will require ADIs and RFCs to use APRA Connect for migrated ADI reporting collections, ending access to the Alternate Submission Process. Mandatory use starts July 31, 2026, for the Liquidity 210.5 monthly return, Aug. 31 for Economic and Financial Statistics, and Sept. 30 for all other migrated collections.
The Argentina Securities Commission has temporarily clarified reporting duties for agents and markets involved in primary securities placements. Participating agents must report successful bidders within 48 business hours after closing, including for specified government and multilateral securities, while markets must submit and retain complete order-book information.
The Qatar Financial Centre and the Qatar Finance and Business Academy will collaborate on internships, employment pathways and industry-academic programs for students and young professionals. They will also support high-performing Qatari undergraduates through the Takween Excellence Award Programme and expand workforce training for Qatar Financial Centre firms.
The Central Bank of Afghanistan and the Central Bank of Uzbekistan discussed strengthening banking cooperation to support growing bilateral trade. Both sides backed continued technical cooperation and regular meetings, without announcing specific measures or timelines.
The Tanzania Insurance Regulatory Authority used the LCCF 2026 forum to promote insurance as a risk management and business continuity tool for the mining sector. It said more than 18 categories of risk can be insured, including environmental restoration, workplace accidents, fire, machinery damage and third-party liability.
The Central Bank of Libya approved measures to ease foreign exchange pressures, including USD 1 billion for letters of credit and USD 1 billion for personal foreign exchange transactions through its electronic platform. It also approved a LYD 5 billion injection into commercial banks under the first phase of its August Cash Liquidity Plan and asked banks to extend hours for over-the-counter U.S. dollar sales.
The Central Bank of Afghanistan discussed expanding bilateral banking cooperation with the Central Bank of Uzbekistan, including improving banking interactions as trade grows. The talks also covered technical cooperation, exchanges of expertise and regular bilateral engagement.
The Oman Financial Services Authority approved detailed securities rules introducing regulated investment banking, stronger risk-based supervision and frameworks for credit rating agencies and financial technology. Commercial banks must move most regulated securities activities to independent entities within three years, while other affected firms have six months to regularize their status. The regulation takes effect on July 27, 2026.
The World Federation of Exchanges has launched the Journal of Exchanges, Clearing & Settlement, a peer-reviewed open-access journal dedicated to research on exchanges and post-trade market infrastructure. It will publish work from academics, practitioners and policymakers on topics spanning trading, clearing, settlement, custody and regulation. The journal is now accepting submissions and will publish accepted papers on a continuous online basis.
The Qatar Financial Centre and the Qatar Finance and Business Academy have signed a talent development MoU focused on linking academic learning with financial sector practice. It includes internships for QFBA's Northumbria University students, joint events and cooperation on the Takween Excellence Award Programme. QFC also said the partnership will expand training opportunities for firms in the centre.
The Central Bank of the UAE said its governor met Indonesia’s ambassador to discuss closer financial cooperation, centered on linking payment systems and improving cross-border payments. The talks also covered digital financial innovation to support bilateral trade and investment. Indonesia’s ambassador highlighted Local Currency Transactions, payment connectivity and knowledge exchange as potential areas for further progress.
The Egypt Financial Regulatory Authority has launched a practical training program to prepare temporarily listed state-owned companies for Egyptian Exchange offerings and related compliance obligations. The seven module course covers listing, financial readiness, governance, disclosure, prospectuses, offering execution and post-listing requirements. It starts with officials from the 20 companies temporarily listed so far and will later expand to other targeted state companies.
The Hong Kong Mandatory Provident Fund Schemes Authority said the eMPF Platform will tighten identity checks for most MPF withdrawal applications from the end of July after isolated abuse cases. Applicants will need step-up authentication through iAM Smart and real-time facial identification, with exemptions for small-balance claims of HKD 5,000 or below and death claims. Special cases may still take longer where trustees need additional verification.
The Egypt Financial Regulatory Authority has reconstituted its life insurance actuarial tables committee to review insurer mortality and disability experience data from 2022 through the latest reporting year. The committee will assess whether the current Egyptian life actuarial tables need a full or partial update and propose a future review cycle. It will also examine the effect of any changes on product pricing.
The Turks & Caicos Financial Services Commission said its participation in the GIICS Annual Seminar and Annual General Meeting in London will help inform its efforts to modernise insurance regulation, expand risk-based supervision and strengthen sector resilience. Discussions covered supervisory priorities including operational resilience, recovery and resolution planning, consumer protection, and the risks and opportunities created by digitalisation and artificial intelligence.
The Superintendency of Banks of Panama hosted law students from Santa Maria La Antigua University for an educational session on its supervisory role. The briefing focused on the framework for fiduciary supervision in Panama and on how effective oversight supports confidence and financial stability.
The Superintendency of Banks of Panama has granted an international banking license to BANCO BISA, S.A. (Panama Branch) after confirming compliance with regulatory requirements. The license brings the branch into Panama's International Banking Center and allows it to operate from Panama for transactions that are completed or take effect abroad, along with other previously authorized activities.
The Central Bank of Congo published a notice indicating that a recruitment form is to be completed.
The Federal Reserve Bank of Kansas City’s July Services Survey showed moderate growth in Tenth District services activity and elevated expectations for future activity. Nearly half of firms expected higher demand for the rest of the year, while most reported weaker profit margins but still anticipated strong revenue growth.
The U.S. House Committee on Financial Services is seeking feedback on a discussion draft that would significantly reshape the Consumer Financial Protection Bureau. The proposal would move the CFPB into the appropriations process, tighten rulemaking and retrospective review requirements, clarify UDAAP and other statutory authorities, and revise supervision and enforcement powers. It also includes measures aimed at supporting innovation, including clearer treatment of certain small-dollar loans and a sharper distinction between guidance and binding rules.
The Central Bank of Lesotho held the CBL Rate at 6.75% per annum on July 24 amid weaker domestic activity and a slightly higher medium-term inflation outlook, with risks tilted upward. Net international reserves stood at USD 1.353 billion, covering 5.4 months of imports and providing an adequate buffer for the exchange-rate peg.
The Philippine Securities and Exchange Commission fined Inclusive Credit Lending Inc. PHP 1.03 million for excessive interest rates and unfair debt collection practices. Its Pinoy Peso platform charged a seven-day effective interest rate of 61.29% and used collection threats that included public exposure on social media.
The Commodity Futures Trading Commission’s Division of Market Oversight told designated contract markets not to use broad template self-certifications that bundle multiple event contract permutations into one filing. Event contract series should instead be filed under Regulation 40.2(d) or 40.3 where appropriate, with class treatment limited to contracts that share identical pricing and settlement methodologies and reference a previously certified or approved specific contract. Inadequate filings may be stayed or sent back for resubmission, although shared documents may still be filed through the Commission’s consolidated submission process.
The Commodity Futures Trading Commission's Division of Market Oversight extended no-action relief for Kraken Derivatives Exchange, allowing it to list products without reinstating its designated contract market status despite dormancy rules. The relief now lasts until the earlier of August 10, 2027, or the first trade on the exchange, subject to product certification, advance notice and ongoing compliance conditions. If no trading begins before then, KDE must reinstate its designation before listing products.
The Central Bank of Brazil highlighted an IMF assessment that found Brazil's financial system remains resilient under adverse scenarios, with banks able to absorb losses and systemically important lenders staying above minimum capital requirements. The review also pointed to gains from digitalization and Pix, while recommending greater supervisory autonomy, stronger staffing, legal protection for officials and modernization of the bank resolution framework.
The Brazil Securities Commission has suspended the NTZ Financiamentos Longo Prazo fund offering after finding unresolved irregularities in the documentation filed under the automatic distribution process. The suspension lasts for up to 30 days, until Aug. 25, 2026, and the offering may be cancelled if the issues are not fully corrected.
The Middle East and North Africa Financial Action Task Force visited Damascus to support Syria’s preparations for its upcoming mutual evaluation and strengthen its anti-money laundering, counter-terrorist financing and counter-proliferation financing framework. MENAFATF will provide technical assistance and capacity-building support as Syria implements evaluation requirements and recent institutional reforms.
The Middle East and North Africa Financial Action Task Force said a high-level delegation visited Damascus to support Syria’s preparations for the Mutual Evaluation process and strengthen its framework for combating money laundering, terrorist financing and proliferation financing. Syrian authorities highlighted recent legislative, regulatory and institutional reforms, including the recently announced national strategy on money laundering and terrorist financing. MENAFATF said it will continue providing technical assistance, expertise exchange and capacity-building support.
The European Central Bank published slides for Philip Lane’s speech on the euro area outlook. The update points to easing inflation, underlying price pressures and wage growth, but a mixed growth picture across activity, investment, labour demand and credit. It also shows only limited fiscal changes since the June 2026 projections.
Ceres will convene investors, companies and policymakers at Climate Week NYC on Sept. 23. Discussions will focus on scaling clean energy finance, balancing state energy and affordability priorities, and managing data centers’ rising energy and water demand.
The Bank of Cape Verde will hold Museums Forum 2026 on July 28 as part of its 50th anniversary celebrations and the third anniversary of the Museum of the Bank of Cape Verde. The forum will focus on museums' social role, cultural identity, coin design, innovation, education and UNESCO museum recommendations under the theme “Museums uniting a divided world.”
The Central Bank of Eswatini kept its discount rate unchanged at 6.75% on 24 July 2026, extending the stance in place since the 25 basis point cut in May 2025, as it lowered its 2026 inflation forecast to 3.0% and cited stronger domestic growth. It said banks are expected to maintain the prime lending rate at 10.25% until the next monetary policy meeting, with June headline inflation at 2.6%, first-quarter real GDP growth at 6.1% year on year, and reserves at SZL 11.8 billion or 2.6 months of import cover.
The Central Bank of Kenya published the communiqué from the 29th East African Community Monetary Affairs Committee meeting, which said central banks have made progress toward monetary union but no Partner State has met all four primary convergence criteria. The committee projected EAC growth of 5.2 percent in 2026, noted progress on the cross-border payments masterplan and called for stronger macroeconomic surveillance, reserve diversification and cybersecurity cooperation.
The Angola Capital Markets Commission participated in the opening of FILDA 2026, framing the event as part of its efforts to support economic diversification and stronger institutional coordination. It used the forum to promote financial literacy and underscore the capital market’s role in financing Angola’s economy.
The U.S. Financial Services Committee highlighted that the House passed the bipartisan Main Street Capital Access Act by a 270-155-1 vote and said more than 100 organizations support it. Backers described the bill as a bank regulatory reform measure that would tailor supervision to institution size and risk, encourage new bank formation and reduce burdens on community banks.
FinCEN has issued an alert telling financial institutions to identify, prevent and report suspicious activity tied to fraud against federal student aid programs. It highlights ghost student, synthetic identity and straw student schemes, and points firms to refund-related ACH payments and subsequent laundering through mules, shell companies and fraudulent accounts as key risk indicators.
The U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned four individuals and nine entities in Babak Zanjani's Iranian sanctions evasion network, targeting the Dot One conglomerate and foreign firms that supported Zedcex and Zedxion. The designations span digital asset, gold, transport and payments activities in Iran, Turkey and the United Arab Emirates. U.S. property interests are blocked and U.S. persons are generally barred from dealing with the designated parties.
The U.S. Department of the Treasury published a joint readout of the June 2026 EU-U.S. Joint Financial Regulatory Forum, which focused on exchanges rather than new joint policy actions. Discussions covered digital assets, Basel III implementation, bank resolution, capital markets, FATCA and AML/CFT, including an SEC commitment to prepare a rulemaking recommendation on a possible Securities Act exemption for regulatory bail-ins. The next Forum is expected in late 2026.
The Belgium Financial Services and Markets Authority announced the suspension of trading in IEP Invest financial instruments on Euronext Brussels. The suspension took effect at 16:40 CET on 24 July 2026 at the company’s request and will remain in place until a press release is published.
The Bank of Italy has issued seven new Occasional Papers spanning housing, monetary policy history, industrial supply chains, higher education and financial accounts methods. Key findings include a long-run house-price elasticity to population of about 0.7 to 0.8, evidence that the Bank of Italy’s balance sheet acted as a monetary policy tool across the 20th century, and an estimate that a 1 percent fall in European Union car demand would cut Italian value added by EUR 63 million at final producers and EUR 93 million upstream. The education papers also find that online universities broaden access for weaker-prepared students, while peer parents’ background and faculty gender and age affect enrollment and retention outcomes.
Bank of Italy published a notice on the IMF's final Financial System Stability Assessment for Italy following the periodic review launched in 2025. The IMF judged the financial system sound and resilient, citing stronger bank buffers, asset quality and profitability, while also flagging emerging risks and areas for further targeted measures.
The European Central Bank’s Q4 2025 bank treasurer survey shows euro area banks expect to hold reserves well above minimum requirements and keep them broadly stable through end-2026 despite falling excess liquidity. Banks see LCR and NSFR targets as more binding than absolute reserve levels and would generally turn to markets first if liquidity tightens. Most do not plan regular use of standard refinancing operations, with demand likely to rise mainly if market funding becomes less attractive or less available.
The Hong Kong Insurance Authority's provisional first quarter 2026 statistics show total gross premiums rose 32.3% year on year to HKD 291.6 billion, driven mainly by long term business. New office premiums in long term business increased 51.1% to HKD 141.1 billion, while general business gross premiums rose 12.5% to HKD 35.2 billion and operating profit increased 56.1% to HKD 4.1 billion.
Isle of Man Treasury has closed the Homes for Ukraine Scheme and the linked Ukraine Sponsorship Scheme to new applicants as demand has fallen. People already in the Isle of Man under Ukraine routes can still use the Ukraine Permission Extension Scheme to remain for a further 18 months, and pending sponsorship applications will continue under the rules in force when filed. The government said 150 Ukrainians have been accommodated and supported since May 2022.
The Guernsey Financial Services Commission has notified firms that the vessel AVAX, IMO 9058713, has been designated under the Libya sanctions regime in force in the Bailiwick. Businesses must identify any linked relationships, report findings immediately to the Policy & Resources Committee and notify the Commission where an affected relationship is found. Commission reporting must cover the relevant customer or asset link and the nature and value of the relationship or transaction.
The Guernsey Financial Services Commission has issued consultation feedback and new guidance on asset tokenisation, concluding that its existing technology-neutral framework can support digital finance with targeted refinements. The measures include allowing public blockchains for fund tokenisation, easing some virtual asset service provider restrictions, clarifying licensing treatment for certain tokenised products and introducing simple reporting requirements. Further feedback and rules on stablecoins are expected in autumn 2026.
The Bank of England has published a staff working paper introducing DeTail, an agent-based model for assessing releasable macroprudential capital buffers. The paper finds that releasing buffers in downturns supports credit supply, reduces household and firm defaults, and limits severe bank losses, while building buffers in upturns has limited lending costs. It models a time-varying regime with an 8% minimum requirement plus a Countercyclical Capital Buffer-like add-on of up to 2.5%.
The Egypt Financial Regulatory Authority told a World Bank delegation it is advancing capital market reforms to enable short selling, market making and further derivatives market development, while launching a July 26 training program for state-owned companies ahead of government offerings. It also outlined tighter prudential requirements for finance companies and a plan to connect supervised firms through XBRL-based data sharing and AI-enabled analytics.
The China Securities Regulatory Commission approved the registration of hot rolled coil and stainless steel options for the Shanghai Futures Exchange and will oversee preparations for their launch.
China's National Financial Regulatory Administration has issued draft administrative reconsideration rules for consultation to standardize how financial supervisory disputes are reviewed. The 56-article draft sets principles, jurisdiction, filing and acceptance procedures, and review and decision-making requirements. The administration plans to revise the text after feedback and issue it later.
The Financial Superintendence of Colombia will provide free in-person consumer assistance in Montería, Córdoba, on July 28 and 29. Consumers can file complaints and claims, seek extrajudicial conciliation with supervised firms, and bring disputes for resolution by a Superintendency judge. The sessions cover issues involving banks, insurers, financial cooperatives, trust companies, pension funds and broker-dealers.
The Moroccan Capital Markets Authority has registered Jaida's 2025 reference document as the annual update to the information dossier for its finance company bills program. The dossier combines the new reference document with the note registered in 2023 and is available through Jaida and the authority.
The Moroccan Capital Markets Authority registered Saham Leasing’s 2025 reference document as the annual update to the information dossier for its finance company bills program. The updated dossier combines that document with the program note registered in January 2021 and is available through Saham Leasing and the authority’s website.
The Central Bank of Congo published a recruitment form to be completed.
The Liechtenstein Financial Market Authority published a 2025 practice guide summarizing anonymized supervisory and appeal decisions and showing how it applies supervisory law. It highlights a first bank governance order requiring remediation of an unqualified board member and insufficient board independence, findings that an asset manager's shared office failed domestic presence requirements, and an upheld insurance license revocation. The guide also reports 75 concluded enforcement proceedings in 2025, with CHF 590,000 in final fines across 17 cases.
The Hong Kong Securities and Futures Commission revised its rules for authorised leveraged and inverse products, requiring products with capacity that shifts with market conditions to use flexible daily leverage within existing caps. Providers must disclose the next trading day’s target leverage after market close and reflect the flexible feature and maximum leverage in product names. The update is aimed particularly at fast-growing Single Stock L&I Products and reinforces that these are daily trading instruments rather than buy-and-hold products.
The National Bank of Georgia said three virtual asset firms sanctioned by the European Union under its 21st Russia sanctions package are based in Georgia but are not regulated by the central bank. It added that the firms were not operating in Georgia, further investigative actions are under way, and Georgia's virtual asset framework was rated largely compliant with FATF Recommendation 15 by Moneyval.
The Montenegro Capital Market Authority has launched a consultation on draft rules governing the annual activity report of branches of UCITS management companies. The draft specifies the report’s content, submission method and deadlines for branches from European Union member states and third countries operating in Montenegro. The authority will finalize the rules after reviewing comments.
The Central Bank of the Republic of Azerbaijan has begun using securities lending from July 23, 2026 as part of its foreign exchange reserve management strategy. Bank of New York Mellon will operate the program, which allows up to USD 1 billion of the central bank’s debt securities portfolio to be lent on a short-term basis in international markets. The bank said the arrangement is intended to raise additional income while maintaining reserve safety and liquidity.
The National Bank of the Kyrgyz Republic suspended Pro mani LLC's exchange bureau license from July 25 to July 27, 2026 inclusive for breaches of Kyrgyz legislation and the National Bank's regulatory acts.
The National Bank of the Kyrgyz Republic said its Osh regional office delivered a financial literacy lecture for residents and local government staff in the Chon-Alay area of Osh region. The session covered the central bank’s role, currency security features, loans, deposits and savings, with added guidance on fraud prevention and a demonstration of the credit self-ban function in the Tunduk app.
The National Bank of the Kyrgyz Republic fined an exchange bureau in Jalal Abad Region KGS 55,000. The penalty was imposed for breaches of Kyrgyz legislation and the National Bank’s regulatory requirements.
The National Bank of the Kyrgyz Republic suspended the license of exchange bureau OsOO Leader 07 from 24 July to 7 August 2026, inclusive. The action was taken for breaches of Kyrgyz legislation and the National Bank’s regulatory requirements.
Moldova's National Commission for Financial Markets and UNDP Moldova discussed using capital market instruments to finance renewable energy projects, with a focus on municipal bonds for photovoltaic plants in four localities. The talks covered funding mobilization and regulatory issues that could help local authorities use these financing tools.
The Czech National Bank announced that interest on the Czech Republic 2013–2028 2.50 percent bond and on stripped coupon No. 14 will be paid on 25 August 2026 to holders recorded at the Czech Securities Centre at the end of 26 July 2026, with eligible persons required to submit written payment instructions and supporting documents for non-cash transfer by 12 August 2026.
The European Central Bank will extend climate factors in the Eurosystem collateral framework to certain eligible credit claims of non-financial corporations. The measure applies larger collateral value reductions to assets more exposed to climate-related transition risk, with a maximum additional reduction of 5%. It is expected to take effect at the earliest by the end of 2027, with annual updates to the factor values.
The European Central Bank, in a blog post, argues that macroprudential policy can help productivity by reducing the damage from financial crises and limiting credit booms that divert lending toward real estate and away from innovative firms. It says recent euro area capital buffer tightening had only minimal effects on overall bank credit supply. The post also calls for simplification without deregulation and for deeper non-bank financing and capital markets development.
The Reserve Bank of Australia’s weekly balance sheet showed total assets and liabilities of AUD 360.2 billion at 22 July 2026, up AUD 561 million over the week. Exchange Settlement balances fell AUD 14.3 billion, while deposits excluding those balances rose AUD 12.3 billion. On the asset side, gold and foreign exchange increased AUD 2.6 billion and Australian dollar investments fell AUD 2.3 billion, with both moves mainly reflecting transactions.
The Australian Securities & Investments Commission took administrative action against 36 approved SMSF auditors between January and June 2026, lifting its FY26 total to 64 and increasing enforcement activity year on year. The measures included disqualifications, suspensions, added conditions and registration cancellations tied to breaches such as independence failures, standards non-compliance and annual statement non-lodgement. ASIC said the actions reinforce oversight of auditors responsible for more than AUD 1 trillion in SMSF assets.
The Guernsey Financial Services Commission has notified businesses that AVAX, IMO 9058713, has been specified under the Libya sanctions regime. Businesses must screen for linked relationships and report findings immediately to the Policy & Resources Committee, while regulated firms must subsequently provide specified information to the Commission.
The Guernsey Financial Services Commission has issued asset tokenisation guidance that permits public blockchains for fund tokenisation and clarifies the treatment of tokenised securities. It will ease restrictions on virtual asset service providers, simplify licensing for certain existing licensees and introduce digital finance reporting requirements. Stablecoin feedback and rules are expected in autumn 2026.
The OECD has issued guidance for Development Assistance Committee members on using cities, regions and other subnational entities more effectively in development co-operation. It says DAC members should enable these actors through policy, reporting and financing frameworks while requiring alignment with country ownership, results, inclusive partnerships, transparency and mutual accountability. The guidance measures success by the extent to which decentralised co-operation builds sustainable, peer-based partnerships and delivers monitorable SDG impact.
The Central Bank of Russia cut its key rate by 25 basis points to 14.00%, citing moderate economic growth and saying strong summer price growth and higher inflation expectations were mainly driven by one-off factors, while weaker sectoral production capacity and a more expansionary three-year fiscal path require a smoother easing cycle. It raised its 2026 inflation forecast to 6.0%-7.0%, lowered its 2026 GDP growth forecast to 0.0%-1.0%, and said future rate decisions will depend on inflation, inflation expectations and domestic and external risks, with proinflationary risks still outweighing disinflationary ones.