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2026-07-17•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission published Report 835 and a summary of its market innovation roundtable, identifying four priorities for Australia’s capital markets. These were global competitiveness, stronger core infrastructure, innovation aimed at real market frictions and productivity, and investor protection through clear rules and safeguards. ASIC plans targeted industry workshops and engagement with regulatory peers before reconvening participants.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2026-07-17•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has updated former MWL adviser Christian Henry’s ban to three years after an Administrative Review Tribunal order reduced an earlier five-year prohibition. The case relates to ASIC findings that he gave three clients inappropriate, not-best-interest advice, including recommendations to invest most of their superannuation in high-risk Shield Master Fund classes. The tribunal also allowed him to retain a passive interest in BNR Financial Services Pty Ltd until 31 August 2026 while divesting it.
EnforcementSanctions & designations
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2026-07-17•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission cancelled Australian Fiduciaries' Australian financial services licence after the Compensation Scheme of Last Resort paid AUD 150,000 on an unpaid AFCA determination. ASIC said the cancellation was mandatory once the CSLR made the payment, and it has kept the firm in AFCA membership until 19 June 2027 so eligible complaints can still be lodged.
SupervisionAuthorisations & approvalsOther
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2026-07-17•Indonesia•Bank Indonesia
Bank of Indonesia appointed 12 work unit leaders after its 2026 Performance Evaluation Meeting. The move is part of an organizational transformation and leadership strengthening effort tied to improving policy execution, with the meeting also reviewing 2026 milestones and the direction of priority programs for 2027.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-17•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee members Andy Kim and Elizabeth Warren asked Acting CFPB Director Russell Vought to explain recent changes to the CFPB Consumer Complaint Portal. They said the overhaul adds barriers to filing complaints and may favor credit reporting companies. The senators requested a response by July 30.
Policy & regulationOtherConsumer and investor protection
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2026-07-17•Canada•British Columbia Securities Commission
The British Columbia Securities Commission said Marcel Anil Rada was sentenced after pleading guilty to acting as a director or officer despite a permanent 2017 ban. The court imposed a CAD 5,000 fine and a CAD 750 victim fine surcharge after finding he served in those roles at two companies between 2017 and 2025.
EnforcementInvestigations & enforcement actions
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2026-07-17•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation was appointed receiver for Small Business Bank after its closure by the Kansas state banking authority and arranged for The Farmers State Bank to assume substantially all deposits and purchase certain assets. Small Business Bank had USD 73 million in assets and about USD 69 million in deposits as of March 31, 2026. The FDIC estimates the failure will cost the Deposit Insurance Fund about USD 5.7 million.
SupervisionInterventionsRecovery and resolution
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has amended urban cooperative bank income recognition rules for specified non-financial assets acquired under the stressed asset resolution framework. Accrued but unrealised interest or charges from the extinguished exposure cannot be booked as income, and any such amounts already recognised for assets outstanding on September 30, 2026 must be reversed by September 30, 2027 if still unrealised. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has amended rural co-operative bank income recognition rules to set accounting treatment for acquired specified non-financial assets. Banks cannot book accrued but unrealised interest or charges from the extinguished exposure as income on acquisition, and previously recognised unrealised amounts for SNFAs outstanding on September 30, 2026 must be reversed by September 30, 2027. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsAsset quality
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has amended regional rural bank income recognition rules for Specified Non-Financial Assets acquired in stressed asset resolutions. Unrealised pre-acquisition interest or charges cannot be recognized as income, and previously recognized unrealised amounts for such assets outstanding on September 30, 2026 must be reversed by September 30, 2027. The amendments take effect on October 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has amended its rules for local area banks to govern income recognition when they acquire Specified Non-Financial Assets. Unrealised pre-acquisition interest or charges cannot be recognised as income, and any such amounts already booked on assets outstanding as of September 30, 2026 must be reversed by September 30, 2027 if still unrealised. The amendment takes effect on October 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-16•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has made the Bahamas Securities Portal compulsory for all direct purchases of Bahamas Government Securities and has ended acceptance of applications through other channels. Existing and prospective investors dealing directly with the Bank must enrol, while brokerage transactions remain handled through broker-dealers. The portal also supports application tracking, with further functions such as redemptions and transfers planned.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-16•United States•Federal Reserve Board
The Federal Reserve Board published a FEDS Note reviewing its June conference on stablecoins, digital payments and the international role of the U.S. dollar. The note says financial innovation is expanding cross-border access to dollar finance and creating new market transmission channels, but so far appears to be reinforcing rather than weakening the dollar’s global role. It adds that policy frameworks will need to adapt as dollar activity becomes more digital and distributed across platforms.
ResearchCross-border paymentsStablecoins
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2026-07-16•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission called for stronger, ecosystem-based oversight of digital consumer credit as lending reached about PHP 2.7 trillion in March 2026. Its priorities include platform accountability, standardized disclosures, responsible lending, data safeguards and a formal interagency framework for digital finance supervision.
Policy & regulationGuidance & interpretationLendingConsumer and investor protectionFintech and insurtech
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2026-07-16•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority said Caisse de Dépôt et de Gestion sold 1,815,738 CIH Bank shares at MAD 354 each, taking its direct stake below the 5% threshold. CDG said it now holds no shares directly but retains an indirect 55.15% stake through Massira Capital Management. It also indicated that it intends to cease sales of the stock for six months and remain on CIH Bank's Board of Directors.
SupervisionRegulatory reportingSecurities offerings and listings
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2026-07-16•Canada•British Columbia Securities Commission
The British Columbia Securities Commission’s Executive Director has imposed a temporary order against Everything Financial Group, Everything Financial Consultants Inc., Peter Cishecki and Shannon Knapp over evidence of alleged debt securities misconduct. The order blocks trading in the companies’ securities and bans promotional activity on their behalf until July 30, 2026, subject to a possible extension application.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-16•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission fined Fast Coin Lending Corporation PHP 1.1 million for unfair debt collection and effective interest rates above the 15% monthly ceiling. The lender also failed to provide required loan disclosures and comply with the regulator’s investigative directives.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protectionCompliance
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2026-07-16•Global•Financial Stability Board
The Financial Stability Board’s Regional Consultative Group for Sub Saharan Africa met in Mauritius to discuss financial stability risks facing the region. Topics included global and regional vulnerabilities, cross-border payments, global stablecoin arrangements and the effects of extreme weather events. Members also reviewed the Financial Stability Board’s 2026 work priorities.
Policy & regulationCooperationCross-border paymentsFinancial stability and systemic risk
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2026-07-16•Global•Financial Action Task Force
The Financial Action Task Force said implementation of its virtual asset standards has improved, but major gaps remain in licensing, supervision, enforcement and risk mitigation. In its latest survey, 86% of respondents had conducted risk assessments and 83% had passed Travel Rule legislation, yet practical oversight of VASPs, offshore providers and DeFi remains uneven. The report also flags growing risks from organised crime fraud, stablecoins, unhosted wallets and offshore VASPs.
Policy & regulationPeer reviews and country evaluationsSupervision process and methodologies
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2026-07-16•Serbia•National Bank of Serbia
The National Bank of Serbia reported average inflation of 3.8% in 2025, record-low nonperforming loans of 2.1% and gross foreign exchange reserves of EUR 29 billion. The key policy rate remained at 5.75%, while lending grew 15.4%. Annual inflation slowed further to 2.7% in June 2026.
Monetary policyMonetary policy assessments & outlooksActivity and performance reporting
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2026-07-16•United States•Federal Deposit Insurance Corporation
The Federal Reserve Board, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued a joint statement establishing coordinated procedures for handling highly sensitive information in bank examinations. Banks will be able to flag sensitive materials, with examiners using measures such as on-site or direct system review, redacted documents and tighter access controls. The agencies also committed to notify affected banks of material compromises of confidential supervisory information within 72 hours once the affected agency has a reasonable basis to believe a compromise occurred and identifies the banks involved.
SupervisionSupervision approach, priorities & toolkitCyber resilience
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2026-07-16•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has clarified which accounting items ALyCs must use when calculating regulatory indices under General Resolution No. 1130 and No. 1144. Agroindustrial items are excluded for ALyCs I AGRO and for ALyCs also registered with INAES as mutual associations carrying out that activity. The clarification does not create new obligations and applies retroactively from April 29, 2026.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-07-16•Italy•Bank of Italy
The Bank of Italy has published a paper finding that social and governance indicators can modestly improve default-risk prediction in its ICAS model for Italian non-financial firms. The gains are strongest for micro and small firms, while for medium-sized and large firms only social indicators remain statistically significant. When added to the baseline model, the measures increased out-of-sample AuROC by up to 0.9 percentage points.
ResearchCredit riskCorporate governance
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2026-07-16•Poland•Central Bank of Poland
The Central Bank of Poland said June 2026 core inflation excluding food and energy slowed to 3.0% year on year from 3.1% in May, while headline CPI was 2.5%. Other core measures also eased, including inflation excluding administered prices at 2.1% and both the trimmed mean and the measure excluding the most volatile prices at 2.8%.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-07-16•Russia•Central Bank of Russia
The Central Bank of Russia will resume publishing ownership structure information for financial institutions from 1 January 2027 in an anonymised, criteria-based format. The regime will cover banks, pension funds, insurers, management companies and microfinance organisations, with disclosures based on 14 criteria and published as yes, no or not applicable. The regulator said it will prepare the anonymised data itself and does not expect additional reporting burden for firms.
Policy & regulationRules & requirementsBeneficial ownership
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2026-07-16•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has updated its sanctions notice to reflect amended details for Anna Kosakova, who remains designated under the UK Global Anti-Corruption Sanctions Regulations 2021 and is still subject to an asset freeze, travel ban and director disqualification. Businesses must check for relevant relationships, freeze affected assets immediately if needed, report findings to the Policy & Resources Committee, and notify the Commission where an affected relationship is identified.
Policy & regulationGuidance & interpretationSanctions list update
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2026-07-16•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has alerted firms to four individuals and seven entities designated under UK Sudan sanctions that now trigger asset-freezing obligations in the Bailiwick. Businesses must identify affected relationships, freeze relevant assets immediately and avoid providing funds or economic resources to the designated parties. Firms must report findings to the Policy & Resources Committee and then notify the Commission with key details of the relationship or transaction.
Policy & regulationRules & requirementsNew sanctions designations
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2026-07-16•Georgia•National Bank of Georgia
The National Bank of Georgia has launched a website platform that lets users compare payment service fees, exchange rates and deposit interest rates across commercial banks in one place. It includes filters and calculators for banking, card and foreign exchange costs, and shows effective deposit rates including associated charges. The data comes from commercial banks and may change, so users are advised to confirm current terms with the relevant bank before transacting.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2026-07-16•United States•Federal Reserve Board
The Federal Reserve Board, FDIC and OCC issued a joint statement on enhanced security procedures for handling highly sensitive information during bank examinations. The approach includes reviewing some materials on-site rather than moving them onto agency systems and sets a commitment to notify affected banks of potential or confirmed material breaches involving confidential supervisory information within 72 hours of discovery, unless legal restrictions apply.
SupervisionSupervision approach, priorities & toolkitCyber resilience
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2026-07-16•Greece•Bank of Greece
The Bank of Greece’s latest Economic Bulletin compiles five studies on Greece’s economy and policy environment. The articles find that benefit design can weaken work incentives, the 2024 current account deterioration was mainly cyclical, and economic uncertainty weighs on investment and employment. They also show higher inflation perceptions in Greece than in the euro area and persistent structural constraints in cultural and creative industries.
ResearchEconomic data and developments
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2026-07-16•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has opened consultation on two draft rules. One would define how fund management companies must notify the authority about contracts with distributors, while the other would set the structure and maintenance of the register of licences for investment and ancillary services and related appointment approvals. The authority will finalize the rules after reviewing comments.
Policy & regulationRules & requirementsDisclosuresRegulatory burden
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2026-07-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision ordered the blocking of www.sanrocco-online.com and sanrocco-online.com for offering insurance services without authorization. The total number of sites blocked by IVASS since November 2023 has reached 382. The authority also warned consumers about offers made through messaging apps, prepaid card payment requests, and websites not listed on its official registers.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-07-16•United Kingdom•HM Treasury
HM Treasury published minutes of the Chancellor’s February 2026 meeting with the Bank of England Governor on the December 2025 Financial Stability Report. The minutes show that financial stability risks were judged to have risen during 2025, although households, corporates and banks remained resilient in aggregate. They also note discussion of the forthcoming private markets stress exercise and a revised 13% benchmark for system-wide Tier 1 capital requirements.
Policy & regulationCooperation
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2026-07-16•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission approved a cooperation agreement with the Federal Revenue Service to integrate CNPJ registration procedures for CVM-registered market participants. It also provides for broader exchange of registration data between the two bodies. The agreement will run for five years from publication in the Official Gazette.
Policy & regulationCooperationDomestic cooperation
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2026-07-16•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs Minority Staff released a report estimating that actions affecting the Consumer Financial Protection Bureau have cost consumers up to USD 26.5 billion since 2025. It says the first half of 2026 accounts for up to USD 7.5 billion, mainly from reversing the credit card late fee rule and the overdraft fee rule. Ahead of Acting Director Russ Vought’s hearing, Senator Elizabeth Warren also pressed the CFPB on unanswered oversight letters and, with Senator Jack Reed, warned about service member harms from planned regional staff relocations.
Policy & regulationOtherConsumer and investor protection
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2026-07-16•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee used a hearing on the CFPB’s semi-annual report to examine reforms under Acting Director Russell Vought and potential legislative changes. Vought said bringing the bureau under the appropriations process is the top accountability reform and described shifts toward risk-based supervision, less duplication with other regulators and enforcement focused on actual consumer harm and due process.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2026-07-16•United States•New York State Department of Financial Services
The New York State Department of Financial Services fined Swedbank AB and its New York branch USD 50 million under a consent order. DFS said the bank failed to cooperate fully with information requests in its Panama Papers-related inquiry and withheld material information, including links involving its Baltic subsidiaries and undisclosed European regulatory findings.
EnforcementInvestigations & enforcement actionsCompliance
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2026-07-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned investors that FinoTraze, also known as Fino-Traze, is not registered to deal or advise in securities or derivatives in the province. The alert covers multiple related websites and says investors should avoid unregistered firms because investor protections may not be available.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warned that MapleVest is not registered to deal or advise in securities or derivatives in New Brunswick. The alert covers multiple aliases and websites linked to MapleVest, and the commission said investors should avoid unregistered firms because investor protections may not apply.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned that Monetra Trade, linked to monetra-ai.pro, is not registered to deal or advise in securities or derivatives in New Brunswick. Investors were told to avoid unregistered firms because investor protections are not assured. The alert applies only to the identified entity, which claims locations in Toronto, Sydney, Zurich and Hong Kong.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned that FinoTraze, MapleVest and Monetra Trade are not registered to deal or advise in securities or derivatives in New Brunswick. The alert covers multiple aliases and websites tied to those firms. Investors were urged to verify registration before engaging with them.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market scheduled a Commission meeting for July 17, 2026, at 14:00. The agenda is available via the linked document.
Other
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2026-07-16•Canada•Canadian Securities Administrators
The Canadian Securities Administrators has launched a consultation on modernizing securities legislation for public companies. Key issues include venture issuer classification, possible IFRS relief for some venture issuers, hold periods for private placements and material change reporting. Feedback will inform whether the CSA pursues new rules or amendments.
Policy & regulationReform agendas & prioritiesAccounting and financial reporting
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2026-07-16•Libya•Central Bank of Libya
The Central Bank of Libya said it agreed with the People's Bank of China to facilitate Libyan banks' participation in CIPS and to diversify Libya's investment portfolio through entry into the Chinese bond market. The discussions also covered cooperation on financial infrastructure and digital payments. The two sides plan to launch a Libyan-Chinese Banking Forum, with the first meeting scheduled for early 2027.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2026-07-16•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority warned the public about an investment seminar promoted to Bermuda residents by UK-based entities that, according to the information available to it, are not regulated in Bermuda or the United Kingdom. It said the seminar materials advertised high returns without risk disclosures and lacked a clear disclaimer that they were not an offer to invest. The authority urged investors to verify regulatory status before committing funds.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•Ghana•Bank of Ghana
In a keynote address, the Bank of Ghana announced the conversion of rural banks to community banks and introduced urban community banking, allowing Community Banks to be established in both rural and urban areas. Existing institutions must complete name changes, rebranding and other regulatory alignments by the end of December 2026. The new framework will be backed by prudential regulation and supervision focused on governance, risk management and financial discipline.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2026-07-16•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency's July 2026 enforcement actions include a cease and desist order against United Texas Bank for BSA and AML compliance deficiencies and a prohibition order against a former JPMorgan Chase employee who stole about USD 120,000. The OCC also terminated four prior actions against Patriot Bank, Quontic Bank, Sidney Federal Savings and Loan Association, and Texas Heritage National Bank.
EnforcementInvestigations & enforcement actionsAML and CFT
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2026-07-16•United States•Federal Reserve Board
The Federal Reserve Board issued a prohibition order against James Burns, former chief lending officer of Heritage State Bank in Lawrenceville, Illinois, over appraisal-related lending misconduct.
EnforcementSanctions & designations
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2026-07-16•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas said BSD 1.4 billion in government securities was issued in Q2 2026, mainly to refinance existing debt, and overall market absorption rose to 120 percent from 109 percent in Q1. Treasury bill absorption increased to 114 percent, while Bahamas Registered Stock absorption reached 213 percent on BSD 152.8 million of subscriptions. Demand remained strongest in shorter maturities.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-07-16•Cuba•Central Bank of Cuba
The Central Bank of Cuba published a review of the impact of U.S. sanctions on Cuba’s banking and financial system, focusing on restricted access to U.S. dollars, SWIFT, foreign banks and payment networks. It cites canceled correspondent and messaging relationships, remittance disruption and the planned withdrawal of Visa and Mastercard from Cuba, and says expanding digital payments is the most viable response.
ResearchCross-border paymentsFinancial stability and systemic risk
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2026-07-16•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
The Superintendency of the Securities Market of the Dominican Republic hosted the 27th annual IIMV authorities meeting, with participation from 15 jurisdictions across the Ibero-American region. The discussions covered secondary market development, including liquidity and institutional investors, as well as regulatory trends such as adapting international standards, AI in supervision and corporate governance.
Policy & regulationCooperationCross-border cooperationMarket development
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has introduced prudential norms for immovable assets that NBFCs acquire from borrowers in satisfaction of non-performing exposures. The rules cover policy requirements, valuation, disclosure and disposal, including a maximum holding period of seven years and a ban on selling such assets back to the borrower or related parties. The framework takes effect on October 1, 2026, with legacy holdings to comply by September 30, 2027.
Policy & regulationRules & requirementsPrudential risks
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has introduced prudential rules for immovable assets that All India Financial Institutions acquire from non-performing borrowers in satisfaction of debt. The framework covers acquisition, valuation, disclosure and disposal, including a maximum holding period of seven years and a bar on selling the asset back to the borrower or related parties. It takes effect on October 1, 2026, with legacy holdings to comply by September 30, 2027.
Policy & regulationRules & requirementsPrudential risksAsset quality
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has introduced prudential norms for rural co-operative banks on immovable assets acquired from borrowers in satisfaction of non-performing exposures. The rules cover valuation, governance, disclosure and disposal, including a seven-year maximum holding period and a ban on selling the asset back to the borrower or related parties. The framework takes effect on October 1, 2026, with legacy assets to comply by September 30, 2027.
Policy & regulationRules & requirementsPrudential risksAsset quality
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India has amended commercial bank income recognition rules for specified non-financial assets acquired under the stressed asset resolution framework. Banks cannot recognise accrued but unrealised interest or charges from the extinguished exposure on acquisition, and previously recognised but unrealised amounts for such assets outstanding on September 30, 2026 must be reversed through profit and loss by September 30, 2027. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-16•India•Reserve Bank of India
The Reserve Bank of India amended income recognition rules for All India Financial Institutions to prescribe how acquired Specified Non-Financial Assets must be accounted for. Unrealised pre-acquisition interest or charges from the extinguished exposure cannot be booked as income, and any such amounts already recognised for assets outstanding on September 30, 2026 must be reversed by September 30, 2027 if still unrealised. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-16•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has launched three consultations on amendments to the AIFC framework covering asset management, fintech and selected prudential and conduct rules. The proposals would reshape collective investment scheme rules, revise FinTech Lab entry and testing arrangements, and tighten requirements for client assets while clarifying captive insurance and Islamic finance provisions. Comments are due by 15 September 2026.
Policy & regulationRules & requirementsFintech and insurtechRegulatory burden
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2026-07-16•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has opened a consultation on a new AIFC Shari’ah Governance Framework for Authorised Firms conducting Islamic Finance Business. The proposals would introduce dedicated Shari’ah governance rules, strengthen Shari’ah Supervisory Board standards, separate compliance and audit functions, and impose segregation and ring-fencing requirements for Islamic Windows. Comments are due by 15 September 2026.
Policy & regulationRules & requirementsCorporate governance
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2026-07-16•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority is consulting on changes to the Astana International Financial Centre Fees Rules, centred on a medium-term model that would increase fees gradually from 2027 to 2029. It also proposes targeted revisions to supervision fees for money services and crowdfunding firms, a stricter late fee regime, and a new registration fee for Sub-Funds of Umbrella Funds. Feedback is due by 20 August 2026.
Policy & regulationRules & requirements
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2026-07-16•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago has released dates and venues for Community Connect Town Hall events under its National Financial Literacy Programme, in collaboration with the Ministry of Culture and Community Development. Sessions are scheduled from July 18 through August 29 at five community venues. The events will feature financial literacy presentations and related community activities.
Financial literacy & educationFinancial literacy and education
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2026-07-16•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reissued the banking licenses of Citibank Kazakhstan and Kazakhstan-Ziraat International Bank to expand their permitted operations. Both banks can now conduct additional interbank operations, while Kazakhstan-Ziraat also gained permission to open and maintain client metal accounts for refined precious metals and precious metal coins.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-16•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market said it agreed practical next steps with Spain's BME to support potential access by Ukrainian companies to European capital markets. BME signaled in-principle willingness to consider dual listings, subject to technical conditions, and will provide a contact point for listing guidance. The sides also plan cooperation on clearing, settlement and securitization infrastructure, with an online follow-up meeting to define priorities.
Policy & regulationCooperationCross-border cooperation
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2026-07-16•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority alerted the public to bank-reported phishing scams, including fraudulent websites, fake internet banking login screens and phishing emails. It reminded customers that banks do not send embedded transaction links by SMS or email and do not request passwords or one-time passwords through those channels.
SupervisionAlertsFraud and scams
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2026-07-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission proposed Regulation E-Delivery to let issuers, broker-dealers, investment advisers and others meet federal securities law delivery requirements electronically without first obtaining affirmative consent, while keeping paper available free on request. The proposal would broadly cover prospectuses, shareholder reports, proxy statements, trade confirmations and other disclosures, require secure website access for information containing personal financial information, and would rescind Rule 30e-3 and amend proxy and tender offer delivery rules. Comments are due 60 days after Federal Register publication.
Policy & regulationRules & requirementsDisclosures
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2026-07-16•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela held a technical meeting with economic authorities, supervisors and banks on the current economic normalization phase. The agenda centered on exchange rate stabilization, inflation control, liquidity monitoring and improving the operation of foreign exchange trading desks.
Policy & regulationCooperationForeign exchange policy and marketsFinancial stability and systemic risk
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2026-07-16•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay said President Guillermo Tolosa will speak on July 29 at its Annual Economics Conference. His lecture will focus on how household saving, investment and debt decisions affect economic growth and development.
Other
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2026-07-16•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, Federal Reserve Board and Office of the Comptroller of the Currency issued a joint statement aligning how they handle highly sensitive information during examinations, without creating new expectations. Banks may flag materials such as network diagrams, penetration test results, IT control weaknesses and succession planning documents for alternative handling, including on-site or direct system review and redacted or summarized records. The agencies also committed to notify affected banks of a material confidential supervisory information compromise within 72 hours once the impacted agency has a reasonable basis to believe one occurred and identifies the banks affected.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-07-16•Global•Bank for International Settlements
The Bank for International Settlements has published a working paper finding that the traditional sovereign-bank nexus has expanded to include non-bank financial institutions. It says banks' direct sovereign exposures now explain less of bank-sovereign risk co-movement, while exposures to NBFIs have become a more important channel, especially for riskier sovereigns. The paper also finds NBFIs' sovereign debt holdings increasingly drive NBFI-sovereign risk co-movement.
ResearchFinancial stability and systemic risk
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2026-07-16•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority published a factsheet on EEA insurers’ and reinsurers’ private asset exposures at year-end 2025. It showed EUR 1.185 trillion of private assets, equal to about 11% of total assets, split between EUR 523 billion in private credit and EUR 661 billion in private equity. Life insurers had the highest overall exposure, while unit-linked business remained only lightly exposed.
Data & statisticsFinancial and market indicators
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2026-07-16•United Kingdom•HM Treasury
HM Treasury said the first pilot Digital Gilt Instrument issuance is due by Q1 2027 on HSBC Orion and that it is preparing for possible further issuances if the pilot succeeds. HSBC and London Stock Exchange Group have agreed to develop a bilateral depository link to widen investor access, and the government expects DIGIT to be listed on the London Stock Exchange’s main market. HM Treasury also plans legislation to amend the Digital Securities Sandbox framework.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2026-07-16•Europe•European Securities and Markets Authority
The Joint Board of Appeal of the European Supervisory Authorities ruled that an individual's appeal against the European Banking Authority was inadmissible. It said the European Banking Authority's decision not to open a breach of Union law investigation into FIN-FSA was discretionary and cannot be reviewed by the Board. The Board found no relevant difference from earlier case law that would change that outcome.
EnforcementEnforcement framework
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2026-07-16•Germany•German Bundesbank
The German Bundesbank said private households' financial assets fell to EUR 9.49 trillion in the first quarter of 2026 as EUR 122 billion in valuation losses outweighed EUR 94 billion in net asset accumulation. Real returns fell to about 0.6 percent and stayed positive only for the wealthiest 10 percent of households. Nonfinancial corporations' external financing rose to EUR 56 billion, mainly on stronger borrowing, but the longer-term trend remained weak.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-07-16•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said its chairman attended the launch of the Financial Investment Company of the University of Algiers 3, described as Algeria’s first university-based venture capital firm. The company has DZD 188.8 million in capital and previously received COSOB authorization to conduct venture capital investment and manage venture capital funds.
Policy & regulationImplementation, projects & pilotsLicensing and supervisory fees
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2026-07-16•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator has published a report showing uninsured driving in Portugal is increasing, based on compensation fund cases and police enforcement data. It identifies the typical uninsured at-fault driver as a Portuguese male aged 20 to 39 and estimates about 121,000 uninsured vehicles in 2025, rising to 134,000 on the basis of first-quarter 2026 detection rates. Fundo de Garantia Automóvel opened 4,873 cases in 2025 and paid nearly EUR 12 million in compensation.
ResearchConsumer and investor protection
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2026-07-16•Belgium•National Bank of Belgium
The National Bank of Belgium finds that private consumption remains Belgium’s main growth driver, although its contribution to domestic demand growth has fallen by about one third since 2011. Weaker transport and housing related spending, slower consumption per capita in the Walloon Region and subdued income growth have reduced momentum. Aggregate consumption also remains below its pre-pandemic trend, with semi-durable and non-durable goods lagging.
ResearchMacroprudential policy and toolsFinancial stability and systemic risk
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2026-07-16•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved the registration of the Standard Rendimento TOP special closed-end public subscription securities investment fund. The fund will invest in opportunities in Angola's money and capital markets, and will be managed by Standard Gestão de Activos with Banco Angolano de Investimentos as depositary.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-16•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved the registration of GAIA, a closed-end private subscription special securities investment fund promoted by Ohuasi Investment. The fund may invest in equities and equity-linked instruments, units in other funds, and securities and money market instruments traded on Angola's regulated market, with Banco Keve as depositary.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-16•Spain•Bank of Spain
The Bank of Spain reported that credit exposure recorded by its Central Credit Register rose 6.2% to EUR 3.78 trillion in 2025. Risk reports issued to individuals and legal entities reached a record of nearly 1.5 million, up 52%, while the authority closed 48,086 complaints. Housing and self-employed lending expanded, while financing to small and medium-sized enterprises remained broadly stable.
Data & statisticsSupervisory data
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2026-07-16•France•France Autorite des marches financiers
France's Financial Markets Authority published a study finding that the number of listed issuers in Paris fell by more than 25% between 2007 and 2025, mainly because IPO activity has weakened structurally since the subprime crisis. The regulated Euronext Paris market lost more than half of its companies, while smaller issuers increasingly moved to Euronext Growth to reduce listing costs and obligations. The study also finds listed companies are more fragile than in 2007 and that bond market access remains concentrated in large corporates.
ResearchMarket development
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2026-07-16•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission said domestic banks' loans to SMEs rose to NT$11,178.1 billion at the end of May 2026, up NT$67.0 billion from a month earlier. SME lending's share of total business lending fell to 62.94% of loans to all enterprises and 66.38% of loans to private enterprises, while the SME loan non-performing loan ratio was unchanged at 0.20%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-16•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority warned supervised entities about fraudulent messages that impersonate FIN-FSA and seek to trigger urgent action. It advised firms to verify message authenticity, watch for signs such as non-official sender addresses and false sanction references, and avoid opening links, attachments or replying to suspicious emails.
SupervisionAlertsFraud and scams
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2026-07-16•Mozambique•Bank of Mozambique
The Bank of Mozambique has published a new National Payment System law expanding its licensing and supervisory powers over payment systems and services. The framework strengthens risk management, settlement finality, interoperability and consumer protections, including refunds and restrictions on charges for failed transactions. Further central bank rules will set detailed capital, reporting, complaints and reimbursement requirements.
Policy & regulationRules & requirementsPayments and payment systemsConsumer and investor protectionBlockchain and distributed ledger technology
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2026-07-16•Greece•Ministry of National Economy and Finance (Greece)
In podcast remarks published by Greece's Ministry of National Economy and Finance, Kyriakos Pierrakakis said the Savings and Investments Union needs stronger central EU capital markets supervision to help channel more than EUR 10 trillion of savings into investment. He also called for more cross-border bank consolidation and said the digital euro, private innovation and interoperable payments should underpin Europe’s digital financial integration. Greece was presented as an example through Euronext's acquisition of the Athens stock exchange, UniCredit's stake in Alpha Bank and the use of digital payments to curb tax evasion.
Policy & regulationReform agendas & prioritiesCross-border cooperationMarket development
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2026-07-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision warned that a counterfeit surety bond policy has circulated in the name of Allianz Benelux SA/NV and that the insurer has disowned it. IVASS also said two email addresses linked to the case are not used by or attributable to the Belgian insurer. Consumers were urged to verify insurers and intermediaries through IVASS registers and warning lists before paying premiums.
SupervisionAlertsFraud and scams
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2026-07-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision has alerted the market to counterfeit surety policies issued in the name of Chaucer Insurance Company DAC. The insurer has disowned the policies and the contact details shown on them, and IVASS said the company does not issue surety policies in Italy. Consumers were told to verify insurers, intermediaries and surety policy checks through IVASS registers before paying premiums.
SupervisionAlertsFraud and scams
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2026-07-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision has flagged a counterfeit surety bond policy issued in the name of Tryg Forsikring A/S, which the insurer has disowned. Although the Danish insurer is authorized in Italy for class 15 surety business, IVASS said it does not issue surety bond policies. The authority also said two email addresses used in the case are not linked to the insurer.
SupervisionAlertsFraud and scams
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2026-07-16•Belgium•National Bank of Belgium
The National Bank of Belgium has published an article saying Belgian private consumption has lost momentum across a wide range of categories, with especially weak per capita consumption growth in the Walloon Region. It says consumption remains closely linked to wages and salaries, while recent shocks have left aggregate consumption below its pre-pandemic trend even though services and durable goods have recovered.
ResearchEconomic data and developments
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2026-07-16•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published updated aggregate banking sector data showing the non-performing loan ratio was unchanged at 1.6% at the end of April 2026. The coverage ratio rose to 62.9% from 62.7%, while total restructured facilities stood at EUR 0.8 billion, including EUR 0.3 billion still classified as non-performing.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-16•Iraq•Central Bank of Iraq
The Central Bank of Iraq's Anti-Money Laundering and Counter-Terrorist Financing Office held a workshop on targeted financial sanctions as part of efforts to meet FATF action plan requirements linked to Iraq's mutual evaluation. It focused on the legal framework, implementation of relevant UN Security Council resolutions, and the responsibilities of financial institutions and other covered sectors. Participants also discussed harmonising implementation, improving capacity and strengthening coordination.
Policy & regulationImplementation, projects & pilotsAML and CFTFinancial inclusion
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2026-07-16•Global•Financial Action Task Force
The Financial Action Task Force's latest update says jurisdictions have made modest progress in implementing its virtual asset and VASP standards, but major gaps remain in practical licensing, risk-based supervision and enforcement. Travel Rule legislation has expanded to 83% of surveyed jurisdictions, yet supervisory and enforcement experience remains limited. FATF also flagged growing risks involving fraud, stablecoins, unhosted wallets, offshore VASPs and DeFi.
Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
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2026-07-16•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority said its joint taskforce removed or amended 170 misleading motor finance claims adverts in June, taking the total since January 2024 to 1,200. It also imposed voluntary marketing restrictions on two firms and issued eight alerts against unauthorised firms. The Advertising Standards Authority has opened formal investigations into law firm adverts covering fees, free claim routes, compensation claims and free checker tools.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-07-16•Russia•Central Bank of Russia
The Central Bank of Russia found that LLC ICC Stroyingineering and LLC RSK manipulated trading in construction materials during two May 2025 reverse auctions on JSC EXCHANGE CTS. The transactions, worth more than RUB 1.6 million, were deemed collusive and to have distorted trading volume. Both firms were held administratively liable and ordered to cease similar conduct.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-07-16•Serbia•National Bank of Serbia
The National Bank of Serbia used its presentation of the 2025 annual reports to parliament to review stable inflation, exchange rate management and banking sector resilience rather than announce a new policy action. It said average inflation was 3.8% in 2025, the key policy rate remained at 5.75%, gross reserves were EUR 29.0 billion and the nonperforming loan ratio was 2.1%. It also reported that June 2026 inflation slowed to 2.7% and said future decisions will remain data-driven.
Monetary policyMonetary policy assessments & outlooksActivity and performance reporting
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2026-07-16•France•France Autorite des marches financiers
The French Financial Markets Authority has published a study on market financing in Paris over 2007-2025, finding that Euronext Paris has lost more than half of its listed companies since 2007 and the market is now more concentrated in large issuers. IPO activity has remained weak, listed companies' financial profiles are generally more fragile than before the financial crisis, and bond financing has been dynamic but mainly benefits larger companies.
ResearchMarket development
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2026-07-16•Syria•Central Bank of Syria
The Central Bank of Syria and Citibank held a workshop on correspondent banking, US dollar clearing, cross-border payments, and settlement infrastructure to review international banking practices and support the central bank’s operational capabilities.
Institutional developmentCooperation & capacity buildingCross-border cooperationCross-border paymentsPayments and payment systems
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2026-07-16•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency hosted a study visit by the Albanian Financial Supervisory Authority focused on insurance and capital markets supervision. Discussions covered insurance recovery and resolution, investment firms and funds, and Hanfa’s experience in aligning national rules with the European Union acquis. The authorities also reviewed regulatory reforms, supervisory challenges and further cooperation under their existing Memorandum of Understanding.
SupervisionCooperationCross-border cooperation
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2026-07-16•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority warned that Trust Wallet, as referenced on a website cited in its alert, is not licensed to issue or facilitate the issue of a stored value facility in Hong Kong. It urged the public to verify licence status before sending funds or personal data and advised affected individuals to report the matter to the Police.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-16•South Korea•Ministry of Economy & Finance (South Korea)
South Korea Ministry of Economy and Finance said authorities will curb single-stock leveraged products after reviewing volatility risks from the segment's rapid growth. New launches will be temporarily suspended, advertising will be banned, and the basic margin deposit will rise to KRW 30 million in cash from KRW 10 million, alongside tighter pricing controls and stronger sanctions. Authorities will keep monitoring market impact, with the Financial Services Commission to publish detailed measures separately.
Policy & regulationRules & requirements
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2026-07-16•Laos•Bank of the Lao
The Bank of the Lao PDR received an AMRO delegation during the office's 2026 annual surveillance visit to Laos and reviewed the country's macroeconomic conditions. The meeting also covered AMRO's recent surveillance work and future plans, while the central bank highlighted technical assistance and staff secondments as key capacity-building support.
Institutional developmentCooperation & capacity buildingDomestic cooperation
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2026-07-16•South Korea•Bank of Korea
The Bank of Korea published an issue note finding that Korea’s expanding overseas investment puts upward pressure on the KRW/USD rate, while higher investment income only partly offsets that effect. The note says the offset weakens when earnings are retained or reinvested abroad instead of being repatriated. It calls for FX monitoring to focus on actual repatriation, dividend flows and hedging rather than headline investment income alone.
ResearchForeign exchange policy and markets