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2026-07-14•United Kingdom•Bank of England
The Prudential Regulation Authority and the Financial Conduct Authority are consulting on a tailored UK regime for single-parent captive insurers. The proposal includes a four to six week authorisation target, lighter capital and reporting rules, and exemptions from Solvency UK and Consumer Duty, alongside safeguards on employee benefits-related business. The regime is planned to launch in summer 2027.
Policy & regulationRules & requirementsLicensing framework and process
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2026-07-14•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank said recent Dutch inflation has been driven mainly by fuel and travel-related price increases rather than broad-based price pressures. Gas and electricity prices remain below year-earlier levels for many households, and food inflation has so far stayed contained. DNB warned that inflation could broaden later if higher energy costs feed through more widely and geopolitical disruptions persist.
Research
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2026-07-14•Indonesia•OJK
The Indonesia Financial Services Authority said at OJK Banking Forum 2026 that it, the Ministry of Communication and Digital Affairs and banks had agreed to intensify joint action against scams and online gambling. The measures focus on stronger IT governance, risk management, suspicious transaction detection and account-level intervention. OJK said banks had rejected 2.8 million prospective customer relationships, ended 51.2 thousand existing ones and blocked 32,454 accounts linked to suspected online gambling by May 2026.
Policy & regulationCooperationFraud and scamsSupervision process and methodologies
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2026-07-14•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority announced the launch of the national E-KROKA electronic road accident reporting system under a partnership agreement with relevant bodies. The platform enables immediate accident reporting through a unified electronic report linking vehicle, licensing, insurance and police data. It is intended to speed compensation processing, improve data reliability and reduce fraud and disputes.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2026-07-14•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority warned the public against unlicensed firms and platforms promoting collective investments with fast or guaranteed returns. It reiterated that securities offerings, public fundraising for collective investment and investment management require prior licensing.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-14•Angola•National Bank of Angola
The Monetary Policy Committee of the National Bank of Angola cut the BNA rate by 125 basis points to 15.75% and lowered the standing liquidity provision and liquidity absorption facility rates to 16.75% and 14.75%, citing continued disinflation and no expected near-term inflationary pressures. June inflation slowed to 0.52% month on month and 10.11% year on year, prompting the central bank to lower its end-2026 inflation forecast to 8.6% plus or minus 1 percentage point and raise its GDP growth forecast to 3.6%.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-14•Thailand•Bank of Thailand
The Bank of Thailand and the Ministry of Finance said Thailand is ready to host the 2026 IMF and World Bank Annual Meetings in Bangkok on 12-18 October 2026. The Bank of Thailand plans to use the event to present a “Bangkok Blueprint” on safe and inclusive digital finance, focused on fraud prevention, cyber resilience and broader access. Final preparations are under review through the IMF and World Bank’s “July Mission” in Bangkok.
Policy & regulationInternational standards & recommendationsFintech and insurtechFinancial inclusion
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2026-07-14•Oman•Oman Financial Services Authority
The Oman Financial Services Authority has deregistered Reliance Audit firm from the register of licensed accounting and auditing firms. Inspections found that the firm allowed unlicensed individuals to practise, issued audit reports without the owner's signature, did not meet the external audit experience requirement and missed the legal deadline for licence renewal.
EnforcementInvestigations & enforcement actionsAuditing
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2026-07-14•Asia•Eurasian Group (EAG)
The Eurasian Group reported on a July 7 to 9 seminar in Bishkek on best practices for beneficial ownership transparency of legal entities in the Kyrgyz Republic. The training was aimed at preparing the country for its third mutual evaluation round and strengthening capacity to identify, verify and analyze beneficial ownership data. Experts also produced proposals for the forthcoming visit by Eurasian Group assessors.
Policy & regulationImplementation, projects & pilotsBeneficial ownership
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2026-07-14•India•Reserve Bank of India
The Reserve Bank of India has released draft amendments to simplify approvals for subsequent major shareholding acquisitions in banking companies by mutual funds, insurance companies and pension funds. The proposals follow a review prompted by representations from Asset Management Companies and cover commercial banks, small finance banks, payments banks and local area banks.
Policy & regulationRules & requirementsCorporate governance
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2026-07-14•India•Reserve Bank of India
The Reserve Bank of India has amended its commercial bank governance directions to reduce prescriptive board agenda requirements and refocus boards on strategy and risk governance. The changes set out which matters must go to the board, what may be delegated to committees or management, and confirm that both public sector and private sector bank boards remain ultimately responsible for governance, risk and compliance. The amendments take effect on October 01, 2026.
Policy & regulationRules & requirementsCorporate governance
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2026-07-14•India•Reserve Bank of India
The Reserve Bank of India has amended its small finance bank governance directions to reduce the range of matters that must go to the Board and to support a stronger focus on strategy and risk governance. The new framework sets out which policies and other matters require Board approval, review or information and which can be delegated, while keeping Board oversight over risk, related-party exposures and corporate governance standards. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsCorporate governance
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2026-07-14•India•Reserve Bank of India
The Reserve Bank of India has amended its governance rules for Local Area Banks to streamline what must be placed before boards and what can be delegated. The new framework is intended to free board time for strategy and risk governance, while preserving the board's ultimate responsibility for key decisions. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsCorporate governance
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2026-07-14•India•Reserve Bank of India
The Reserve Bank of India has revised payments bank governance rules to streamline which matters must go to the Board and to give greater emphasis to strategy and risk governance. The amendments redefine the Board’s core oversight areas, remove several existing provisions, and create a framework that separates mandatory Board items from matters that may be delegated. The changes take effect on October 1, 2026.
Policy & regulationRules & requirementsCorporate governance
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2026-07-14•Indonesia•OJK
The Indonesia Financial Services Authority used Risk and Governance Summit 2026 to restate that stronger governance, risk management and integrity are essential for financial sector resilience and sustainable growth. OJK highlighted cyber risk, artificial intelligence misuse, regulatory change, geopolitical uncertainty and climate change as key pressures, and positioned governance, risk and compliance as a strategic foundation rather than only a compliance function.
Policy & regulationGuidance & interpretationRisk managementCorporate governance
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2026-07-14•Europe•European Central Bank
The European Central Bank published a working paper on the short-run effects of a US-China tariff war. Its model finds that tariff-imposing countries bear more of the inflation impact, while targeted countries face the larger GDP loss, with production networks and dollar invoicing amplifying those effects. The euro area effect is small in aggregate because trade diversion gains are offset by weaker Chinese demand and other spillovers.
Research
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2026-07-14•Europe•European Central Bank
The European Central Bank's latest weekly balance sheet showed total assets at EUR 5.97 trillion, down EUR 12.5 billion from the previous week. The decline was driven mainly by lower holdings of euro area securities and other assets. On the liabilities side, banknotes in circulation increased while deposit facility balances fell.
Data & statisticsBalance of payments and other external statistics
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2026-07-14•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan released the results of a foreign exchange purchase auction held on July 14. Ten participants were allotted bids ranging from USD 400,000 to USD 4.3 million at a weighted average rate of 9.2514 TJS per USD.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-07-14•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 universal banking licenses of Alatau City Bank and ForteBank. Both updated licenses add interbank loans, interbank guarantees, interbank sureties and other interbank operations.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's financial market regulator approved Oraz Zhandosov for appointment to ForteBank JSC's board of directors as an independent director.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has issued voluntary AI governance principles for all BSP-supervised financial institutions. The STARS-based guidance sets minimum supervisory expectations for firms developing AI governance and risk management frameworks, with proportionate application based on the scale and risk of their AI use. It also covers outsourced providers involved in AI-related activities under a shared responsibility model.
Policy & regulationGuidance & interpretationArtificial intelligence
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2026-07-14•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has barred former Krung Thai Bank investment consultant Walailak Phokpermdee from any future approval as capital market business personnel for 10 years, effective 14 July 2026, after finding she misappropriated THB 19.3 million from 11 clients. The misconduct included failing to invest client funds as instructed, making unauthorized withdrawals and altering documents to conceal the activity. Her approval had already expired, and the bank has reimbursed clients in full.
EnforcementSanctions & designations
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2026-07-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has advised that Islamic Movement of Companions of the Right has been designated under the United Kingdom's Iran sanctions regime, triggering an immediate asset freeze in Guernsey. Firms must screen for affected relationships, freeze relevant assets, stop making funds or economic resources available unless licensed or otherwise permitted, and report any matches to both the Policy and Resources Committee and the Commission.
Policy & regulationRules & requirementsNew sanctions designations
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2026-07-14•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority warned the public about bank-reported fraudulent websites, fake internet banking login screens, phishing emails and other scams. It reiterated that banks do not send embedded links for transactions or request passwords or one-time passwords by phone, email or SMS. Affected customers should contact the relevant bank and report the matter to police.
SupervisionAlertsFraud and scams
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2026-07-14•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority published the end-June 2026 analytical accounts of the Exchange Fund. Foreign assets fell by HKD 1.0 billion during the month to HKD 3,680.7 billion, while the Monetary Base stood at HKD 2,075.0 billion. Claims on Hong Kong’s private sector were HKD 409.8 billion and foreign liabilities were HKD 126.4 billion.
Data & statisticsMonetary data
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2026-07-14•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has published the eligible and ineligible candidate lists for the round II 2026 securities practice certificate examination in Hanoi. The exam is provisionally scheduled for July 23 to July 24, 2026 at the University of Labour and Social Affairs and will be held as a computer-based multiple-choice test. Eligible candidates must correct any personal data and pay the VND 1,000,000 fee by July 16, 2026.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has extended the bid deadline for the audit package linked to its integrated IT system project for management and supervision. The closing time is now 10:00 on 27 July 2026 instead of 09:00 on 14 July 2026, and bid opening will take place within two hours after closing.
Institutional developmentProcurementAuditing
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2026-07-14•Serbia•National Bank of Serbia
The National Bank of Serbia's latest survey showed financial sector one year ahead inflation expectations fell to 3.6% in June from 4.0% in May, while medium term expectations stayed broadly stable. Business expectations were unchanged at 5.0% for a third straight month. Household one year ahead expectations dropped to 10%, their lowest level since June 2024.
Data & statisticsMonetary data
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2026-07-14•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission has published a Practical Guide to support external whistleblower reports in the financial sector under Circular C608 and the 2022 whistleblower protection law, as amended.
Policy & regulationGuidance & interpretationWhistleblowing
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2026-07-14•Global•Bank for International Settlements
The Bank for International Settlements published a working paper arguing that the AI build-out may be generating material over-investment and financial fragility. Its model estimates investment at about 50% above the efficient level under a conservative baseline, with debt and circular financing increasing the risk of fire sales and contagion. The paper also finds risks rise sharply as the build-out grows, with expected net economic surplus turning negative at around USD 3 trillion in investment.
ResearchArtificial intelligenceFinancial stability and systemic risk
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2026-07-14•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines notified supervised institutions that Rural Bank of Bambang and Rural Bank of Aritao have merged. Rural Bank of Bambang is the surviving corporation, and the merger took effect on 10 June 2026.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•India•Securities & Exchange Board of India
The Securities and Exchange Board of India has updated its master circular for merchant bankers to consolidate existing directions and align them with the amended Merchant Bankers Regulations effective January 3, 2026. The circular now reflects the phased net worth and liquid net worth regime, certification and governance requirements, the underwriting cap, revenue tests, and segregation rules for non-SEBI-regulated activities, including extended compliance deadlines introduced in June 2026. Earlier circular directions are rescinded to the extent they relate to merchant bankers, with past actions and pending matters preserved.
Policy & regulationRules & requirementsLicensing framework and process
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2026-07-14•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority has updated supervised entities on identifying terrorist financing risks and said this must be assessed separately from anti-money laundering risk. Firms must incorporate those risks into their own assessments, products, customer relationships, channels and geographic exposure, while taking account of sanctions links and humanitarian exemptions.
Policy & regulationGuidance & interpretationAML and CFT
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2026-07-14•United Kingdom•HM Treasury
HM Treasury has issued draft legislation to overhaul the UK regime for alternative investment fund managers, moving most detailed firm requirements from statute into Financial Conduct Authority rules. The package would remove most legislative size thresholds, narrow the small AIFM registration regime, retain the National Private Placement Regime, and streamline marketing and disclosure requirements. Technical comments are requested by 14 October 2026, with final legislation expected in early 2027 and commencement alongside new FCA rules.
Policy & regulationRules & requirementsLicensing framework and process
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2026-07-14•Ukraine•National Bank of Ukraine
The National Bank of Ukraine will allow, from 15 July 2026, postal operators, express carriers and other Ukrainian international transport operators to send foreign currency abroad to pay mandatory import charges on parcels entering the European Union. The move follows the European Union's removal of the customs duty exemption for parcels valued at up to EUR 150 and its introduction of fixed duties by product category.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2026-07-14•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission has warned that holiday periods can increase exposure to unauthorized investment and crypto-asset firms, as well as data brokers that gather personal data for resale. It says fraudsters are using aggressive calls, social media, fake content and messaging groups to steer investors toward fraudulent platforms. Investors are urged to verify registration status, report contacts to CNMV and notify law enforcement of suspected fraud.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2026-07-14•Italy•Bank of Italy
A Bank of Italy survey found that Italian firms' assessment of the overall economy worsened further in the second quarter, with firms citing the Middle East conflict and the closure of the Strait of Hormuz as drivers of higher energy and input costs. Near-term expectations for firms' own conditions were less negative, helped by stronger demand views in services, while investment plans for 2026 remained net positive. Firms also expect inflation of 2.5 per cent to 2.8 per cent and further increases in selling prices over the next 12 months.
Data & statisticsEconomic data and developments
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2026-07-14•Italy•Bank of Italy
The Bank of Italy published updated statistics on international tourism in Italy, with data through April 2026.
Data & statisticsBalance of payments and other external statistics
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2026-07-14•United Kingdom•The Pensions Regulator
The Pensions Regulator has issued a new five-year strategy, a 2026-27 corporate plan and a regulatory roadmap tied to the government's pensions reform agenda. The package shifts TPR's focus toward sustainable retirement income, with priorities on governance, value for money and retirement outcomes. Near-term work includes a new supervisory framework, guided retirement, collective defined contribution schemes and guidance on defined benefit surplus release.
Policy & regulationReform agendas & prioritiesCorporate governance
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2026-07-14•Czech Republic•Ministry of Finance (Czech Republic)
The Cyprus Ministry of Finance said the legislative package for a digital credit data exchange and credit scoring system has been passed under the country’s Recovery and Resilience Plan. The reform enables credit scoring based on objective borrower credit data, while keeping lending decisions with licensed institutions. It also limits scoring to direct borrower or co-borrower obligations and includes GDPR-aligned data protection and access controls.
Policy & regulationRules & requirementsCredit riskRegulatory reporting
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2026-07-14•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has appointed Dan Lavender to its Regulatory Decisions Committee. The RDC makes certain regulatory decisions for the FCA in contested enforcement matters and operates separately from the rest of the regulator.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-14•Finland•Bank of Finland
The Bank of Finland and OP Pohjola have signed an agreement for OP Pohjola to join the Eurosystem’s digital euro pilot. The pilot will begin in the second half of 2027 and run for 12 months, testing technical arrangements, operating processes and user experience in everyday payment situations. Any decision to issue a digital euro remains contingent on the adoption of the necessary European Union legislation.
Policy & regulationImplementation, projects & pilotsCBDC
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2026-07-14•Russia•Central Bank of Russia
The Central Bank of Russia has opened a consultation on gamification in financial apps used by banks, brokers and financial marketplaces. Its main focus is on dark patterns that may push retail investors into excessive trading or other decisions that do not fit their goals or risk appetite. The paper will inform possible requirements and investor protection measures.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-07-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has notified firms that Islamic Movement of Companions of the Right has been designated under the UK Iran sanctions regime, which applies in Guernsey and triggers an immediate asset freeze. Businesses must identify and freeze relevant assets, stop making funds or economic resources available to the designated party and related persons, and report any affected relationships to both the Policy & Resources Committee and the Commission.
SupervisionAlertsNew sanctions designations
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2026-07-14•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority published its Daily Market Report for 14 July 2026 and referenced the archive for Daily Market Report and Morning Call editions from 2021 to 2026.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-07-14•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg said its consumer confidence indicator was unchanged at minus 14 in June 2026. Better expectations for the economy and future household finances were offset by weaker views on past finances and a sharp drop in major purchase intentions.
Data & statisticsEconomic data and developments
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2026-07-14•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market registered a UAH 2 billion share issue by a corporate investment fund to finance wind power expansion. The project would raise capacity from 10.4 megawatts to 41.6 megawatts by adding six turbines. Funding is planned through the placement of two million shares with a nominal value of UAH 1,000 each by 2036.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-14•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has proposed a package of reforms to simplify the UK asset manager rulebook, improve supervisory data and reduce firms’ costs by an estimated GBP 128 million a year. The biggest savings are expected from changes to Fund Reporting for Asset Management Entities, alongside updates to AIFMD-related rules and a separate consultation on a simpler remuneration framework for FCA-only firms. Consultation deadlines run from 16 September to 14 October 2026.
Policy & regulationRules & requirementsRegulatory burden
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2026-07-14•Europe•European Central Bank
The European Central Bank has chosen 36 payment service providers to participate in a 12-month digital euro pilot due to begin in the second half of 2027. The exercise will test a beta version of the digital euro that is close to the model in the draft legislation but does not have legal tender status. Participants will support online and offline payment testing across distributing and acquiring roles.
Policy & regulationImplementation, projects & pilotsCBDC
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2026-07-14•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority reported the official listing of EPE CRAPC EXPERTISE SPA on the Algiers Stock Exchange. The company's shares began quotation in the Growth Compartment of the equity market, marked by a bell-ringing ceremony attended by senior government and market officials.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-14•Libya•Central Bank of Libya
The Central Bank of Libya has invited commercial banks to subscribe to unrestricted Mudaraba Deposit Certificates under Issue No. 22-2026, under the same procedures and controls used in earlier issuances.
Monetary policyMonetary policy instruments & operationsOther
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2026-07-14•Zimbabwe•Securities & Exchange Commission of Zimbabwe
The Securities and Exchange Commission of Zimbabwe's 2025 annual report says its mandate was expanded to regulate virtual assets and virtual asset service providers, with registration effective from 1 January 2026. It also details prudential and AML/CFT inspections that found governance, KYC and monitoring weaknesses, with USD11,600 in penalties for late returns. SECZim reported ZWG72.45 million in revenue and a surplus of ZWG118,366.
Institutional developmentMandate & organizational structureAML and CFTCapital adequacySupervision process and methodologies
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2026-07-14•Global•Bank for International Settlements
The Bank for International Settlements said BDCs have about USD 115 billion of exposure to software firms, but generative AI-related revenue risk is not yet being differentiated in loan spreads or BDC equity valuations. Spreads have narrowed, reducing loss buffers, while exposures are concentrated across a small number of lenders and shared borrowers. Low leverage and secured lending may help contain spillovers, but non-traded BDC funding structures and opaque private credit exposures remain a concern.
ResearchCredit riskMarket risk and volatility
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2026-07-14•Kenya•Central Bank of Kenya
The Central Bank of Kenya has licensed 25 more digital credit providers, taking the total number of licensed firms to 252. It said more than 800 applications have been reviewed since March 2022, with scrutiny focused on business models, consumer protection, and the suitability of owners and management. Other applicants are still being processed, mainly pending required documentation.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority extended to Oct. 31 the deadline for insurance professional firms to meet higher minimum capital requirements, from the previous July 19 cutoff. Brokerage and reinsurance brokerage firms must reach EGP 5 million in capital, while risk assessment, loss adjustment and insurance consultancy firms must reach EGP 3 million.
Policy & regulationRules & requirementsCapital adequacy
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2026-07-14•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission met major law firms to discuss best practices for primary placements of negotiable securities. The discussion focused on transparent, objective and efficient processes, including price formation, allocation and application of the regulatory framework. It follows a prior meeting with placement agents.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-07-14•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic updated the rules for basic savings accounts to broaden access and create a dedicated account type for government social program beneficiaries. The changes raise the deposit cap to DOP 75,200 every 30 days, allow digital onboarding and zero-balance opening, and prevent subsidy funds from being used to offset financial debts.
Policy & regulationRules & requirementsFinancial inclusion
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2026-07-14•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia said the Court of Appeal has upheld a 2022 High Court ruling that found former WCT executive Goh Chin Liong and Ara Holdings director Leong Ah Chai liable for insider trading. The court also affirmed the RM5.83 million judgment, including disgorgement, civil penalties and costs, and dismissed both appeals with RM100,000 costs each. The regulator said it will now proceed to recover the judgment sum.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-07-14•Global•Islamic Financial Services Board
The Islamic Financial Services Board approved revisions to its Articles of Agreement and By-Laws, changing its mandates, governance structure and membership framework to deepen jurisdictional engagement. It also admitted two new observer members, approved new technical committee nominations and named Olayemi Cardoso and Şahap Kavcıoğlu as 2027 chairman and deputy chairman, effective 1 January 2027.
Institutional developmentMandate & organizational structureMandate changeOrganizational structure
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2026-07-14•Kenya•Central Bank of Kenya
The Central Bank of Kenya has licensed 25 additional digital credit providers, taking the total to 252. It said more than 800 applications have been received since March 2022, with reviews focused on business models, consumer protection and the suitability of owners and management. Other applications are still pending, mainly because documentation has not yet been submitted.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission said the Federal Court has ordered First Mutual Private Equity Pty Ltd and its unregistered managed investment scheme to be wound up, with Deloitte SRT liquidators appointed. The move shifts control from the earlier receivership to liquidation so assets can be recovered, claims assessed and any available funds returned to creditors and investors. ASIC's investigation into First Mutual and Gregory Raymond Cotton remains ongoing.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-14•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force has launched a five-day training course on FATF international standards with the FATF Training Institute and the Tunisian Financial Analysis Committee. The program is intended to strengthen implementation of AML/CFT/CPF standards and support member jurisdictions’ preparation for the third round of mutual evaluations. About 40 participants from MENAFATF member countries are attending.
Policy & regulationImplementation, projects & pilots
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2026-07-14•Estonia•Central Bank of Estonia
The Central Bank of Estonia has released its monthly balance of payments flash estimate for the last month but one. It said the estimate relies on a smaller and less complete data set than the quarterly release and will be revised when the second quarter 2026 balance of payments is published on 8 September 2026.
Data & statisticsBalance of payments and other external statistics
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2026-07-14•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission has amended its regulations to permit the public launch of stock gift cards following SinoPac Securities’ sandbox trial. The experiment recorded nearly TWD 60 million in redemptions, attracted more than 90,000 participants and contributed to almost 50,000 new securities accounts.
Policy & regulationRules & requirementsFintech and insurtechMarket development
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2026-07-14•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has asked the Supreme Court of New South Wales to wind up Capital Guard AU Pty Ltd and appoint an independent liquidator. ASIC cited concerns over suspected nonexistent bond investments, misuse of investor funds, false information to the auditor, and governance failures. Its investigation indicates Capital Guard raised about AUD 17.4 million from around 80 investors, with only a small proportion of funds still identified.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-14•South Korea•Ministry of Economy & Finance (South Korea)
South Korea's Ministry of Economy and Finance used its sixth interagency task force meeting on illegal foreign exchange trading to tighten cooperation on export-import related FX violations and overseas account enforcement. Korea Customs Service said it had referred 84 cases worth KRW 2.4 trillion to prosecutors by end-May, while the National Tax Service will use overseas account reporting data and stronger information sharing to pursue offshore tax evasion and undeclared foreign-currency funds. The ministry also said large forward dollar sales by major exporters were easing foreign exchange market imbalances.
EnforcementInvestigations & enforcement actionsForeign exchange policy and markets
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2026-07-14•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reviewed banking system performance for the first half of 2026 and said stability was maintained, with key indicators continuing to improve. It told financial credit institutions to strengthen risk management, digital and cashless services, cyber security and consumer service, while tightening controls over cross-border transactions, AML and counter-terrorist financing, and financial fraud.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskPrudential risks
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2026-07-14•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reviewed first-half 2026 insurance sector performance and said the market continued to grow. It highlighted work on a 2026-2030 insurance development strategy, an electronic compulsory motor liability policy template, legal amendments, Islamic insurance preparations and IFRS 17 training. The meeting also set second-half 2026 tasks for insurers and relevant central bank units.
Policy & regulationReform agendas & prioritiesMarket development
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2026-07-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic approved seven candidates for senior roles at five banks. The approvals span executive management, accounting, internal audit and independent board or risk governance positions at Bank Companion, Bai-Tushum Bank, Commercial Bank KSB, FinanceCreditBank and MBank.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2026-07-14•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 universal banking licenses of Halyk Bank and Kaspi Bank. The updated licenses add interbank loans, interbank guarantees, interbank sureties and other interbank operations.
SupervisionAuthorisations & approvalsLicence approval
-
2026-07-14•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial market regulator reminded citizens that the Stop-credit service lets them voluntarily block bank loans and microcredits through e-gov channels. The restriction is recorded in credit history data used by banks and microfinance organizations, and any loan issued without consent despite the ban is subject to write-off. The service had been used 6.3 million times as of June 1, 2026.
Financial literacy & educationConsumer and investor protection
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2026-07-14•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines briefed supervised financial institutions on its Countercyclical Capital Buffer framework, which designates capital equal to 1.5 percent of risk-weighted assets as a positive neutral buffer that can be used in stress periods. Banks are not required to raise new capital, as the buffer is carved out of existing Common Equity Tier 1 capital. The central bank said CCyB assessments will be conducted quarterly.
Policy & regulationGuidance & interpretationCapital adequacyMacroprudential policy and tools
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2026-07-14•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has licensed Taipei Fubon Commercial Bank Co., Ltd to operate as a foreign authorised deposit-taking institution under the Banking Act 1959.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-14•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission said a South Australian court has activated Craig Horsell's previously suspended three-year prison sentence after finding he breached a release order by committing a further deception offence. The court also imposed a separate sentence for that offence, taking his total effective term to three years, eight months and 10 days.
EnforcementInvestigations & enforcement actions
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2026-07-14•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay said the Financial Stability Committee judged the domestic financial system stable, supported by adequate solvency, liquidity and shock-absorption capacity. The committee flagged external geopolitical and financial risks, as well as climate and fintech-related issues, while noting moderate credit growth, low delinquency and favorable stress-test results. It will continue monitoring risks and coordinating actions to preserve financial stability.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-07-14•New Zealand•Ministry of Business, Innovation and Employment (New Zealand)
The Ministry of Business, Innovation and Employment has launched consultation on the next phase of New Zealand’s capital markets reforms. The discussion document seeks views on modernising the regulatory framework across eight areas, including disclosure, liability, market settings, wholesale investor rules and crowdfunding limits. Feedback will inform future policy decisions.
Policy & regulationReform agendas & prioritiesMarket development
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2026-07-13•Barbados•Central Bank of Barbados
The Central Bank of Barbados said BiMPay’s core instant payment rail is working, but customer problems have mainly stemmed from participating institutions’ payroll data, onboarding, transfer limits and delayed posting of funds. It has ordered remediation, required provisional credit where warranted, and barred any BiMPay fees for any customer before Sept. 15. In its first month, BiMPay processed close to 750,000 successful transactions worth $1.3 billion.
SupervisionInterventionsPayments and payment systems
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2026-07-13•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission warned that Bramridge Trust is not registered to deal or advise in securities or derivatives in the province. The alert covers multiple related websites and aliases and says investors should avoid unregistered firms because investor protections are not assured.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-13•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warned investors not to deal with Vega Gainlux because the firm is not registered to deal or advise in securities or derivatives in the province. The alert also covers several aliases and related websites. Sweden's Finansinspektionen has issued a separate investor alert on the same firm.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-13•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned that ZeonGrow is not registered to deal or advise in securities or derivatives in New Brunswick. The alert covers several ZeonGrow aliases and related websites, and the commission said investors should avoid unregistered firms because investor protections are not assured.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-13•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission has warned that Bramridge Trust, Vega Gainlux and ZeonGrow are not registered to deal or advise in securities in New Brunswick. The alert covers the specific named entities and associated websites, and notes prior warnings by Quebec's Autorité des marchés financiers for Bramridge Trust and Sweden's Finansinspektionen for Vega Gainlux.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-13•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets disclosed a EUR 625,000 fine imposed on M. van Wettum for market manipulation in NX Filtration shares. It found he used late-day purchases on the final trading day of 2023 to push the stock from EUR 6.30 to a EUR 6.70 close, constituting "marking the close" under the EU Market Abuse Regulation.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-07-13•Libya•Central Bank of Libya
The Central Bank of Libya used a meeting with banks and payment companies to review the national electronic payments system, with a focus on reliability, infrastructure and service continuity. It also assessed progress on foreign currency Visa payments through domestic POS terminals, discussed wider use of electronic wallets and stressed stronger coordination and cybersecurity.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-07-13•Central African Republic•Banking Commission of the Central African Republic
The Bank of Central African States published a contract award notice for a regional tender covering automatic gas fire suppression systems for information technology server rooms at various BEAC centers, including supply, installation, commissioning, training and maintenance in separate lots.
Institutional developmentProcurement
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2026-07-13•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority approved the annual update of the information dossier for Immorente Invest’s commercial paper issuance program. The program retains a MAD 300 million ceiling, MAD 100,000 denomination, maturities of 10 days to 12 months, and fixed pricing for each issuance based on market conditions.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-13•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission has launched a consultation on a draft circular to simplify parts of the rulebook for collective investment institutions and their managers. It would streamline periodic disclosure, internal control and prospectus update requirements, and repeal nine circulars that have become obsolete or redundant.
Policy & regulationRules & requirementsRegulatory burden
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2026-07-13•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission warned that four named entities are not registered and are not authorized to provide investment services in Spain. The list includes clone operations falsely linked to IG Europe GmbH, Spanish branch, and Atlas Valores, SICAV S.A., as well as Orveztil, which operates through various websites.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-13•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia raised its policy rate by 100 basis points to 16%, citing renewed inflationary pressure from fuel supply disruptions and the removal of the credit cap, while retaining the plus-or-minus 3-percentage-point band. It fully removed the credit cap, reduced the foreign exchange commission rate to 1.5% from 2.5%, and lowered the goods-export surrender requirement to 30% from 50%.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-13•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank licensed Credit Line to conduct consumer microfinance activity, taking its total number of licensed finance companies to 77.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-13•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance said ECOFIN ministers continued work on the EU's Market Infrastructure and Efficient Supervision package, with Poland supporting a balanced Council agreement that strengthens capital markets without creating disproportionate supervision or regulatory burdens. The meeting also advanced 2026 European Semester and Recovery and Resilience Facility work, opened an excessive deficit procedure for Bulgaria, and reviewed support for Ukraine. Ireland will prioritize concluding Council negotiations on the package during its 2026 Council presidency.
Policy & regulationReform agendas & prioritiesMarket infrastructureSupervision process and methodologies
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2026-07-13•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury publicised the addition of one entry to the UK sanctions list following a Foreign, Commonwealth and Development Office update on 13 July 2026. It reminded firms to freeze assets immediately where a possible match is identified, confirm whether the match is genuine, and report true matches, suspected breaches and blocked transactions to the Financial Intelligence Unit.
Policy & regulationGuidance & interpretationSanctions list update
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2026-07-13•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission notified firms that 10 individuals have been added to the Russia sanctions regime, triggering asset freeze and related restrictions in Guernsey. Firms must identify any exposure, freeze relevant assets immediately and report affected relationships first to the Policy & Resources Committee and then to the Commission.
Policy & regulationGuidance & interpretationNew sanctions designations
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2026-07-13•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has warned firms that 13 individuals and OOO Impuls have been designated under the UK cyber sanctions regime as applied in Guernsey. Firms must immediately freeze relevant assets, avoid making funds or economic resources available to the designated parties, and report affected relationships first to the Policy & Resources Committee and then to the Commission.
EnforcementSanctions & designationsNew sanctions designations
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2026-07-13•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission notified firms that the identifying details for sanctioned individual Hamidah NABAGALA have been amended under the ISIL and Al-Qaida regime, while the existing asset freeze, arms embargo and travel ban remain in force. Firms must check for affected relationships, freeze relevant assets, report to the Policy & Resources Committee and notify the Commission with the required sanctions-related details.
EnforcementSanctions & designationsSanctions list update
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2026-07-13•Germany•German Bundesbank
The German Bundesbank said Germany's current account surplus fell to EUR 10.4 billion in May 2026, EUR 6.2 billion lower than in April, as invisible current transactions swung from surplus to deficit. The goods surplus edged up to EUR 15.4 billion, while lower primary income receipts, especially from higher dividend payments to nonresidents, drove most of the deterioration. Germany also recorded net capital exports of EUR 13.8 billion in May.
Data & statisticsBalance of payments and other external statistics
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2026-07-13•Germany•German Bundesbank
The German Bundesbank’s May market data showed bond market outstanding in Germany rose EUR 75.2 billion, led by net public-sector issuance and foreign debt placements. Domestic investment funds recorded stronger inflows of EUR 11.2 billion, while new domestic equity issuance remained modest at EUR 0.7 billion. Foreign investors were the largest net buyers of German debt, and Bundesbank bond holdings declined as Eurosystem purchase programme assets matured.
Data & statisticsFinancial and market indicators
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2026-07-13•Spain•Bank of Spain
The Bank of Spain used a speech at an economic journalism awards event to stress the need for clearer economic communication from both institutions and the media. Deputy Governor Soledad Núñez said social media, artificial intelligence and complex topics such as digital currencies have increased the risk of confusion and disinformation. She also said the Bank of Spain is working on initiatives to become more open, useful and transparent.
OtherFinancial literacy and education
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2026-07-13•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has consulted on draft standards for a common methodology to assess money laundering and terrorist financing risk in non-financial businesses. The standards tailor data requirements by sector and size, with fewer reporting points for smaller entities and use of existing data where possible. The methodology would apply from 31 December 2028.
Policy & regulationRules & requirementsAML and CFT
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2026-07-13•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held a training session for media representatives on cybersecurity challenges in the financial sector. It covered common fraud schemes, cyber fraud trends, risks in banking and payment services, and reporting considerations. The session also included practical guidance on personal cybersecurity and source protection.
Financial literacy & educationCyber resilienceFinancial literacy and education
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2026-07-13•Europe•European Central Bank
The European Central Bank said digital euro negotiations among the Commission, Council and Parliament will start this month, with the ECB hoping for a final law by the end of the year before deciding on issuance. ECB Executive Board member Piero Cipollone said the target remains a 2029 launch if legislation is completed by end-2026, with a pilot planned for 2027. He also said the ECB wants the final text to reinforce payment service providers’ obligation to support the ECB’s digital euro app.
Policy & regulationRules & requirementsCBDC