The Bermuda Ministry of Finance has published guidance on reforms to the Public Service Superannuation Fund, including changes to retirement ages, contribution rates and pension benefits.

The US Commodity Futures Trading Commission sued Cash FX and related defendants over an alleged multilevel marketing Ponzi scheme that accepted more than USD 950 million for purported foreign exchange trading. The scheme allegedly promised weekly returns of up to 15%, conducted minimal trading and caused at least USD 406 million in participant losses. The CFTC is seeking financial remedies, industry bans and a permanent injunction.

Federal Reserve Board analysis finds a broad decline in U.S. direct investment in China, covering new projects, acquisitions and investment by existing subsidiaries. U.S. multinationals are also repatriating more earnings and reducing their Chinese operating footprints. Official bilateral data understate the exposure because investments are often routed through Hong Kong and other hubs.

The Trinidad and Tobago Securities and Exchange Commission has issued its seventh alert on increasingly sophisticated investment scams promoted through social media and messaging applications. Warning signs include impersonation using artificial intelligence, unrealistic returns, deposits to personal accounts, fake trading platforms, advance withdrawal fees and recovery scams. Investors should verify that entities and promoters are registered with the commission before transferring funds.

The National Bank of Moldova has proposed broader prudential reporting on staff earning at least the MDL equivalent of EUR 1 million, shareholder dividends and banks’ regional activity. The draft also revises deposit, guarantee, affiliated-party and customer transaction returns. Most changes would take effect on Dec. 31, 2026, while individual high-earner reporting would first cover Dec. 31, 2028.

The National Bank of Moldova has proposed uniform notification templates for cases where firms cannot include contractual recognition of write-down and conversion powers in liabilities. The requirements would apply from Jan. 1, 2029, with quarterly reporting for contracts and instruments and semiannual reporting for specified liability categories. First reports would follow the first quarter and first half of 2029.

The Angola Insurance Authority has launched a consultation on a uniform compulsory civil liability insurance policy for licensed travel and tourism businesses. The proposal would cover travel agencies, tourism agencies, tour operators and other registered entities, strengthening protection for customers and third parties.

The UK Financial Conduct Authority reported that ITI Capital Ltd has entered special administration, with two Teneo Financial Advisory partners appointed as administrators. The brokerage remains FCA-regulated, while customers have been directed to Teneo and warned about cloned-firm scams.

Bank of Italy Deputy Governor Chiara Scotti said the digital euro must next pass regulatory and real-world tests, with EU legislation targeted for completion in 2026. A 12-month pilot beginning in the second half of 2027 will involve 36 euro-area payment service providers and test real online and offline payments. Any issuance remains subject to a final European Central Bank decision, with 2029 identified as a possible date.

The Superintendency of Banks of Panama opened its ninth awareness conference on regulatory changes, emerging financial crime trends and technology related risks. Superintendent Milton Ayón Wong urged supervised institutions to continually strengthen prevention frameworks and coordinate action across boards, management, compliance, audit, risk and other staff.

The European Banking Authority found that EU and EEA banks maintained strong capital, liquidity, asset quality and profitability in the second quarter of 2026. The sector’s Common Equity Tier 1 ratio was 16.1% and return on equity reached 11.3%, although geopolitical uncertainty, rising rates and elevated asset valuations require close monitoring.

A Bank of England staff paper finds that euro area CPI weights may differ from the weights best suited to monetary stabilization because inflation is concentrated in necessity sectors while policy primarily affects discretionary activity and employment. A discretionary inflation rule closes about two thirds of the modeled welfare gap between a CPI rule and Ramsey policy and reduces welfare losses by 9.4% under the estimated distribution of euro area shocks.