The Reserve Bank of India has issued draft directions that would consolidate existing instructions on secondary market transactions in government securities into a single framework. The move is intended to improve clarity and streamline compliance. Comments are invited until July 17, 2026.
The Reserve Bank of India has issued draft directions for the call, notice and term money markets and is consulting on a new Master Direction for the segment. The proposal is intended to deepen the term money market by expanding participation and raising borrowing limits for standalone primary dealers. Comments are due by July 17, 2026.
The Uzbekistan Ministry of Finance, together with the Central Bank, has published a register of 425 public interest entities that will be subject to specific financial reporting, audit and governance requirements. Entities added this year must organize accounting under IFRS from Jan. 1, 2027 and publish IFRS financial statements with audit opinions for 2028, unless earlier transition deadlines already apply.
The Monetary Authority of Singapore and the Association of Banks in Singapore are studying four PayNow Gen2 enhancements to Singapore's instant payments system. These include PayNow-NETS QR interoperability, improved online checkout, larger-value public-sector payments and longer-term capabilities such as request-to-pay and expanded cross-border connectivity. A roadmap is scheduled for end-2026.
In a speech, the Monetary Authority of Singapore outlined new initiatives spanning market infrastructure, AI adoption, retail funds and payments. It will soon consult on a Protected Cell Company framework and a faster authorization pathway for non-traditional retail funds, while establishing the Future of Finance Institute as a national financial-sector innovation centre. The authority also published a PayNow Generation 2 report that sets out payment upgrades including PayNow and NETS QR interoperability, online checkout improvements and new business payment capabilities.
The Monetary Authority of Singapore will establish a Future of Finance Institute to speed industry adoption of AI and tokenisation. It will consolidate existing MAS-backed innovation efforts and provide shared resources through a knowledge hub, collaborative projects, sandboxes and implementation toolkits. More detail on its strategy and governance will be announced later this year.
The Hong Kong Securities and Futures Commission obtained worldwide injunctions freezing up to HK$146.9 million of assets held by Lo Kai Bong and, under the Chabra jurisdiction, Major Success Group Limited. The orders support the commission’s section 214 case against Lo, LET and Summit Ascent and are intended to preserve assets for potential investor remedies. They remain in force until 26 August 2026, with trial due to start on 20 September 2027.
The Hong Kong Monetary Authority warned the public about reported bank-related scams involving fraudulent websites, fake internet banking login screens, phishing emails and similar frauds. It reminded customers that banks do not send embedded links for transactions or request passwords or one-time passwords by phone, email or SMS, and said affected individuals should contact the relevant bank and report the matter to police.
The People’s Bank of China said China and Brazil agreed to deepen bilateral financial cooperation, including local currency use, investment and financing links, financial market connectivity and coordination in multilateral forums. The two sides also witnessed Brazil’s Finance Ministry submit an application for a sovereign panda bond issue in China’s interbank market. The release said Brazil would become the first Latin American country to register and issue a sovereign panda bond.
The National Bank of the Republic of Tajikistan published the results of a foreign exchange purchase auction held on June 25, 2026. The auction had seven participants, with satisfied bids between USD 700,000 and USD 10,840,000 at a weighted average rate of 9.2887 USD/TJS.
The National Bank of the Kyrgyz Republic held talks with Swiss State Secretariat for Economic Affairs representative Pietro Lazzari on the country's macroeconomic situation and future cooperation. The discussion highlighted continued strong economic growth and a resilient banking sector, and both sides expressed interest in expanding joint financial and economic initiatives.
The Thailand Securities and Exchange Commission has ordered DOD Biotech Public Company Limited to revise its first quarter 2026 interim financial statements and have them reviewed by its auditor. The move follows an auditor qualification tied to unsupported deposit and advance payment transactions involving land, construction, raw materials, machinery and services. DOD must file and publicly disclose the corrected statements and related report via SETLink by 27 July 2026.
The Dutch Authority for the Financial Markets and the Dutch Central Bank are consulting on updated rules for financial undertakings in the Caribbean Netherlands under the BES financial markets and anti-money laundering regimes. The revisions would align the policy rule and implementing regulation with newer legislation, supervisory guidance and current practice. Final rules are expected in the second half of 2026 and would take effect on publication.
The European Financial Reporting Advisory Group has issued second-edition VSME mappings covering 58 digital tools and 108 SME reporting platforms and initiatives to support use of the future Voluntary Standard and the VSME Recommendation. The reports compare shortlisted greenhouse gas calculators, geolocation tools and reporting platforms against predefined criteria, but EFRAG said it has not verified the information or assessed compliance with VSME or ESRS. The materials are available through EFRAG's Knowledge Hub.
The Bank of England has launched a consultation on the UK’s next-generation retail payments infrastructure, focused on the future core clearing and messaging layer. It proposes support for both existing payment flows and new use cases such as account-to-account point-of-sale payments, aliases, programmability and interoperability across digital money, alongside principles on open access, resilience and fraud controls. Feedback will inform a high-level design to be taken forward later in 2026.
The European Banking Federation is recruiting a full-time Digital Innovation trainee for its Innovation and Cybersecurity team, with a start in September 2026. The six-month paid internship will support policy and regulatory work on issues including the digital euro, open finance, payments, cybersecurity, artificial intelligence, digital identity and cloud banking. The role includes monitoring developments, supporting consultation responses, research, stakeholder engagement and briefing preparation.
The Central Bank of Eswatini said firms with foreign shareholding cannot be excluded from public procurement if they are legally registered and meet applicable requirements. Defending its own tender, it said the E2.79 billion project was open to local and foreign firms but required at least 30% local construction firm participation, and non-compliant bids were disqualified. The bank said objection and appeal channels were available and the project remains on schedule.
The Vietnam State Securities Commission has launched a request for quotations for elevator maintenance and servicing at its headquarters. Interested firms must submit pricing based on the specified scope and technical requirements by 5 p.m. on July 3, 2026.
The Vietnam State Securities Commission has launched a request for price quotations for services to administer and operate its centralized data warehouse, with submissions due by July 6, 2026.
In a letter to an MEP, European Central Bank Banking Supervision said AI-related cyber and operational risks are a supervisory priority for 2026-28 and warned that advanced AI could increase the likelihood of systemic cyber incidents. It is reviewing banks' AI use and controls, following up on weaknesses through supervision, and urging banks to test AI-driven cyber scenarios. The ECB also said it is monitoring wider financial stability risks from concentrated reliance on common AI tools and technology providers.
The Danish Financial Supervisory Authority has completed its 2026 SIFI designations for Denmark, the Faroe Islands and Greenland. Denmark has seven designated SIFIs, with AL Sydbank A/S newly included after the merger of Sydbank, Arbejdernes Landsbank and Vestjysk Bank and placed in category 2. The designations determine higher CET1 buffer requirements, with Danske Bank remaining the highest-ranked Danish SIFI in category 5.
The National Bank of Romania has released the second Economic@BNR volume, focused on financial sustainability and Romania’s path from persistent deficits to nominal convergence. The analysis reviews vulnerabilities across public finances, social systems, state-owned and private companies, the banking system, external balances and public debt. It concludes that macroeconomic stability requires stronger financial sustainability and a shift from quantitative growth to qualitative consolidation.
The National Bank of Romania’s May 2026 monetary statistics showed broad money M3 at RON 806.1 billion, up 1.6 percent from April and 7.5 percent from a year earlier. Nongovernment credit rose 1.6 percent on the month and 7.7 percent on the year to RON 465.0 billion, with foreign currency credit growing faster than leu lending. Resident nongovernment deposits increased 1.6 percent on the month and 7.7 percent on the year to RON 683.4 billion.
The Central Bank of the Republic of Azerbaijan has amended credit risk management rules for banks and non-bank credit institutions to tighten safeguards for remote consumer lending. Individuals will be able to block remote borrowing through the Azerbaijan Credit Bureau or at a single lender, and firms must check those restrictions before lending. Remote consumer loans will also be subject to a 2 hour or 24 hour disbursement delay depending on whether the amount is up to or above twice the minimum wage.
Kazakhstan's Agency for Regulation and Development of the Financial Market published its 2025 bank supervisory stress test report, covering 11 large banks that account for most sector assets and lending. The exercise found the sector remained resilient, with aggregate stressed core capital adequacy at 16.1% against a 5.5% minimum. It also imposed bank-specific capital buffers of 0% to 3% and, for the first time, disclosed selected risk data for each participating bank.
The Egypt Financial Regulatory Authority has required insurers to adopt formal reinsurance policies and programs tailored to their capital and business size under new standards issued to implement the Unified Insurance Law. The rules add board oversight, reporting to the authority, and risk management measures including stress testing and contingency planning for reinsurer failure. Insurers have until 18 September to comply and submit their approved policies.
The Egypt Financial Regulatory Authority has revised branch rules for non-bank finance companies, tightening branch registration conditions for firms with legal or supervisory issues and requiring timely regulatory reporting and remediation of compliance findings. It also allows risk and credit officers to supervise up to four regional areas, with each area covering five finance branches. The broader 2026 branch framework remains subject to a regularization deadline ending on 25 August.
The Austria Financial Market Authority has issued consumer guidance on the safe custody of crypto assets, covering wallets, online and offline storage, and the importance of access keys. It contrasts self-custody with custody by regulated crypto-asset service providers under MiCAR, highlighting the security, organizational and risk management requirements that apply to regulated firms.
The Insurance State Supervision Service of Georgia said senior officials are attending the Azerbaijan International Insurance Forum 2026 in Baku, where discussions cover insurance market development, reinsurance, pension systems and other sector trends. The authority highlighted the pension systems session as relevant to Georgia's ongoing pension reform and said bilateral meetings focused on supervisory cooperation, experience sharing and possible joint initiatives.
The Reserve Bank of India has issued its 2026 credit derivatives directions with immediate effect, replacing the 2022 framework and expanding the market to include credit index products and total return swaps on corporate bond exposures. The rules cover both OTC and exchange traded markets, set participant eligibility and hedging conditions, and permit FPI participation subject to a 5 per cent cap on aggregate CDS protection sold against outstanding corporate bonds. Legacy contracts remain under the previous regime until expiry.
The Central Bank of the Republic of China Taiwan has cut the monthly auction amount for 364-day certificates of deposit to TWD 120 billion from TWD 140 billion starting in July 2026, while leaving 2-year certificates unchanged. Its third quarter 2026 plan also confirms the auction schedule, keeps the multiple-rate auction method, and maintains a 30% maximum allocation per bidder.
The Czech National Bank has sold its Ústí nad Labem building to the Police Presidium of the Czech Republic for CZK 43 million. The sale is part of its asset and cost optimization strategy, with the CNB retaining leased use of its current premises until the end of 2026. From 2027, it expects to handle client communication predominantly through digital channels.
The Central Bank of West African States has pushed back PI-SPI rollout deadlines across the union. Banks, electronic money institutions and payment institutions must open services by Sept. 30, 2026, while supervised microfinance institutions have until June 30, 2027. As of June 24, 2026, 80 participants were connected and 74 more were in live testing.
The Norwegian Ministry of Finance will allow 0.2% of banks’ annual resolution fund contributions to finance the Norwegian Banks’ Guarantee Fund’s assistance to the Financial Supervisory Authority of Norway in its role as resolution authority.
The Central Bank of Cuba reported that Cuba’s Council of Ministers has reviewed the economic and social transformation proposals presented to Parliament and will publish them in full for public consultation.
The Central Bank of Cuba said Banco Metropolitano is continuing its 30th anniversary campaign through 2026 after events marking the bank's June 20 founding anniversary. Activities across Havana branches include commemorative events, gifts for selected customers and recognition for standout cashiers.
The Central Bank of Cuba publicized a television discussion in which one of its macroeconomic policy experts addressed the proposed update to Cuba's economic and financial model. The program examined the transformations presented to the National Assembly and the conditions for their success.
The Angola Insurance Authority has approved the transfer of Global Seguros’ life and non-life insurance portfolio to four Angolan insurers as part of Global Seguros’ liquidation. Policyholders and insured persons have 15 days from publication of the notice to terminate their contracts, and the transfer is not enforceable against them during that period.
The Financial Conduct Authority said in a blog post that it will start regulating Buy Now Pay Later on 15 July, introducing clearer pre-contract information, proportionate affordability checks and support for borrowers in difficulty. Consumers will also gain access to the Financial Ombudsman Service and, in some cases, Section 75 refund rights. The FCA said it will monitor how the market and access to BNPL change after the regime takes effect.
At the Ukraine Recovery Conference 2026 in Gdansk, the Ukraine National Commission on Securities and Stock Market said a modern capital market must become a major source of financing for Ukraine’s postwar reconstruction. Chairman Oleksii Semeniuk highlighted ongoing reforms including alignment with European Union law, development of collective investment institutions, a virtual assets market based on European standards and stronger investor protection.
The Central Bank of the Republic of Azerbaijan has opened applications for the third phase of its regulatory sandbox for innovative fintech products and services. Applications will be accepted until August 25, 2026. Eligible products will be allowed to enter limited testing under the central bank’s supervision through a contract.
The National Bank of Georgia held a working meeting with Asian Development Bank representatives on Georgia's macroeconomic outlook, with particular attention to risks from developments in the Middle East. It said the financial system remains resilient, banks retain healthy capital and liquidity positions, and credit activity stood at 14.1% in April 2026. The discussion also covered supervision, digital transformation and cybersecurity.
The Bank of France has published the second annual report of the OPEF, which tracks the fees and performance of financial savings products sold in France. It covers life insurance and capitalization contracts, individual retirement savings plans, securities accounts and equity savings plans with total outstanding assets of EUR 2132 billion, including EUR 1808 billion in individual insurance products. The report adds expanded data on fees and performance, especially for insurance-based savings products, and includes analysis of active versus index management, structured products, private equity, real estate funds and ESG funds.
The Swedish Financial Supervisory Authority has published its updated 2025 annual disclosures under the Investment Firms Directive. The material covers Sweden's implementing laws and guidance, use of options and discretions under the directive and regulation, supervisory review criteria and methods, and aggregated implementation statistics.
The Swedish Financial Supervisory Authority has added a new Q&A on how issuers should disclose interim reports that contain inside information. It says no separate delay decision is needed if the issuer publishes the report as soon as possible after the final decision on, or approval of, the financial results.
The Dubai Financial Services Authority’s 2025 annual report shows a third consecutive year of double-digit growth in DIFC, with 182 new firms licensed and registered and 1,050 regulated entities in total. Growth was broad-based across fund management, banking, insurance and capital markets, including USD 251 billion in bank balance sheets and more than USD 13 trillion in over-the-counter transactions in the fourth quarter of 2025. The report also points to continued supervisory activity and further work on digital finance and digital asset frameworks.
Dubai International Financial Centre said Varenne Capital Partners has established operations in the centre through Varenne Capital Ltd, a wholly owned UAE subsidiary regulated by the Dubai Financial Services Authority. The new office is the firm's expansion into the Emirates and will be led by Giacomo de Nardis.
The European Central Bank has adopted permanent eligibility and risk control rules to integrate portfolios of non-financial corporate credit claims into its general collateral framework, completing the withdrawal of temporary crisis-era collateral measures. The framework broadly mirrors the rules for individual credit claims but allows a wider range of credit quality within diversified portfolios, subject to haircuts and concentration limits. Technical implementation is planned for November 2027 at the earliest, while some COVID-19-guaranteed claims will cease to be eligible after the end of 2026 unless they meet the general framework.
The Philippines Insurance Commission reported that pre-need industry net worth rose 12.18% to PHP 32.36 billion in the first quarter of 2026, supported by higher assets, premiums and plan sales. Net income nevertheless fell 88.05% to PHP 0.14 billion as trust fund earnings declined.
The State Bank of Pakistan’s quarterly payment systems review for January to March 2026 shows 3.7 billion retail payments worth PKR 168.8 trillion, with 92 percent of transactions made through digital channels. Mobile apps remained the main digital channel, while Raast processed 742.1 million transactions worth PKR 23.3 trillion. Over-the-counter services also remained active through bank branches and banking agents.
The Central Bank of the Solomon Islands has issued a limited edition SBD 50 commemorative banknote to mark its 50th anniversary. The polymer note is legal tender, available through commercial banks and ATMs nationwide, and includes new security features plus imagery showing the shift from traditional shell money to digital payments.
The Australian Securities & Investments Commission has extended to 30 September 2026 its no-action position for digital asset businesses transitioning to licensing under existing financial services laws. The relief now also covers authorised representative and intermediary authorisation arrangements with Australian Financial Services licence holders. It also continues to apply to firms that need an Australian Market Licence or Clearing and Settlement facility licence, subject to the stated notification and pre-meeting requirements.
The Cyprus Securities and Exchange Commission awarded EUR 1,000 in total to two students under its annual prizes for the best studies in Finance and Securities Markets for 2025-2026. Xenia Efthymiou and Ioannis Moraitis each received EUR 500 for research on Cyprus bail-in policy and AI-themed ETFs versus actively managed mutual funds.
Angola's Ministry of Finance said the National Assembly approved a new legal regime for collaborative financing and a separate framework for supervising external audits of public interest entities. The crowdfunding law covers Angola-based electronic platform operators, funders and beneficiaries. The audit law sets formal oversight rules for audits of economically significant entities.
The Angola Capital Markets Commission warned that Ataíde Estaneslau da Piedade Fernandes and two firms allegedly associated with him are not registered as authorized providers of investment services in securities or derivatives. It reminded investors that such activities require prior authorization and registration and urged them to verify a provider’s status before doing business.
The Angola Capital Markets Commission participated in the launch of Aurora – Sociedade Distribuidora de Valores Mobiliários, S.A. Executive Director Vasco Januário said new intermediaries can deepen financial intermediation, expand investor access to financial instruments and support capital market development. The commission also linked new authorized and supervised operators to stronger investor confidence, savings mobilization and financing for the economy.
The Angola Capital Markets Commission held a workshop for Public Finance Information and Communication Technologies Service staff on the architecture of the securities market. It covered the regulator’s role, investment instruments, investor risk profiles and factors relevant to informed investment decisions. The session forms part of the commission’s wider awareness and capacity-building work.
The Moroccan Capital Markets Authority raised the price fluctuation limit for newly listed equities on the Casablanca Stock Exchange to 20 percent up or down for the first five trading sessions, effective June 23. After that period, the standard daily limits of 10 percent for continuous trading and 6 percent for fixing apply. The authority also reminded firms of IPO trading controls covering order handling, client instruction records, system capacity and real-time compliance oversight.
The National Bank of the Kyrgyz Republic suspended the license of exchange bureau Hasanbay Valyuta LLC from 23 June to 7 July 2026 for legal violations and fined another exchange bureau in Osh region KGS 55,000 for breaches of legislation and National Bank rules.
Kazakhstan’s financial market regulator approved Bagytzhan Aitzhanovich Kozhrakov for multiple bank leadership roles, including chair of the board of directors and chair of the management board. The approval was recorded under Protocol No. 44/BVU/T dated June 22, 2026.
Kazakhstan’s financial market regulator said borrowers must continue repaying microcredits, including accrued interest, even if a microfinance organization stops operating or loses its license. Loan obligations remain with the borrower and may pass to an assignee or new creditor, while claim rights can be transferred after 24 months only to entities supervised by the agency. The regulator also urged consumers to check whether a lender is licensed before taking out a microloan.
The China Banking and Insurance Regulatory Commission held a systemwide warning education meeting on establishing a "correct performance outlook" in regulatory work. It used case studies of distorted incentives to press for stronger problem rectification, tighter long-term governance mechanisms and fixes to gaps in supervisory rules. The campaign is to be carried through all areas of financial supervision and linked to risk prevention and stronger regulation.
The Vietnam State Securities Commission has selected the Institute of Posts and Telecommunications Science and Technology for a contract to assess an investment project for a comprehensive supervisory IT system. The contract value is VND 90.72 million versus an estimated package price of VND 92.88 million. It will be carried out as a lump-sum, state budget-funded contract over 90 days.
The Commodity Futures Trading Commission is consulting on a proposed reporting regime for certain fully collateralized event contracts. It would shift reporting by markets, futures commission merchants, clearing members and foreign brokers to Parts 15 through 18 instead of specified provisions in Parts 38, 39, 43 and 45. The proposal would also add a new Section 16.03 on covered event contracts.
In a CRA enforcement release, the Financial Transactions and Reports Analysis Centre of Canada was credited with a significant contribution to a tax evasion investigation that led to Qi Wang receiving a six-month conditional sentence order and a CAD 112,627.33 fine. The case involved CAD 494,891.75 of unreported income between 2013 and 2016, including income from unregistered immigration consulting.
The Financial Consumer Agency of Canada fined Royal Bank of Canada CAD 4.25 million for failing to transfer credits from deactivated credit card accounts to customers’ new accounts, breaching consumer provisions in the Bank Act. The issue affected 227,947 accounts, and RBC transferred and refunded more than CAD 22.4 million. FCAC also published Summary of Proceeding No. 5 on the violation.
The Bank of Korea’s preliminary 2025 international investment position data show external assets excluding reserve assets rising to USD 2,439.6 billion and liabilities increasing to USD 1,981.9 billion. Portfolio investment drove most of the growth on both sides, with the largest regional increase in assets and liabilities linked to the United States. By currency, asset growth was led by U.S. dollar positions, while liability growth was dominated by Korean won-denominated positions.
The Reserve Bank of Fiji kept the Overnight Policy Rate unchanged at 0.25%, saying policy must balance elevated domestic prices, adequate foreign reserves and support for activity as slowing growth and inflation driven by higher imported costs argue against adding pressure to borrowing costs. It still expects inflation to reach about 6.0% by year-end, cut its 2026 growth forecast to 1.5%, and said foreign reserves of about FJD 3.4 billion, equal to 4.7 months of retained imports, should remain adequate.
The Bank of Mexico’s Governing Board unanimously kept the target for the overnight interbank interest rate at 6.50% on 25 June 2026, citing the exchange rate, the absence of demand-related pressures and the current degree of monetary restriction, while noting upside risks to inflation and continued economic slack. Headline inflation fell to 3.55% in the first half of June and is still expected to converge to target in the second quarter of 2027, and the Board said maintaining the reference rate at its current level would be appropriate.
The Isle of Man Financial Services Authority issued a notice flagging that the Isle of Man Treasury, Customs and Immigration Division has published updated sanctions information, including a Russia sanctions lists update. It also points firms to the Treasury’s sanctions and export control webpage for current notices and related materials.
The Reserve Bank of Australia has launched a review of payments system regulation and issued an Issues Paper to identify which payments policy issues should be prioritized. It follows legislative changes that expanded the regulatory perimeter to more payment systems and participants. The review focuses on merchant choice, account-to-account payments, newer payment services and fraud prevention, with a priorities list due by the end of 2026.
APRA used its deputy chair’s final speech to defend its superannuation transparency agenda, saying tighter scrutiny of trustee expenditure and the annual performance test have improved member outcomes and changed industry behaviour. The speech said members in products failing the performance test have fallen from 1 million to 8,500, but supervisory reviews still find governance and risk management weaknesses at some funds. APRA also signalled that transparency and accountability will remain central while the government considers changes to the test.
The Central Bank of Ecuador reported that GDP grew 2.1% year on year in the first quarter of 2026 and 1.0% from the previous quarter. The expansion was driven mainly by household consumption and investment, while exports weakened quarter on quarter because of lower international demand for cocoa. The release did not revise earlier quarterly figures.
The Office of the Superintendent of Financial Institutions has launched a streamlined approvals route for eligible new entrants, including credit unions and entities with innovative or emerging banking models. The three-phase process includes defined timelines, risk-based assessment and a public application-status dashboard, while retaining existing legislative and regulatory thresholds.
The Brazil Securities Commission has begun an administrative reorganization effective June 25, 2026 and named new leaders across multiple superintendencies and advisory offices. The changes span institutional development, finance, intelligence, planning, human resources, technology, risk and integrity, the chair’s office and communications. Maria Lúcia Macieira will serve as acting General Superintendent until a permanent appointment is made by the Chief of Staff’s Office of the Presidency.
The Office of the Commissioner of Financial Institutions of Puerto Rico released its monthly Law No. 141-2019 transparency report on public information requests. It logs requests and response dates for matters including international banking supervision, enforcement actions, liquidation proceedings, mortgage-sector data, financial statements and internal agency records. Some entries note response extensions.
The Superintendency of Banks of Panama has issued new criteria for imposing and scaling administrative sanctions on banks that breach AML, terrorist financing and proliferation financing rules. The framework bases penalties on the nature of the breach and mitigating or aggravating factors, while phasing in maximum sanction amounts over five years from 60% to 100%. Proceedings will continue under the existing sanctioning process in Agreement No. 9-2015.
The Superintendency of Banks of Panama took part in a regional meeting of Central American financial supervisors in Santo Domingo. Discussions focused on cybersecurity, model risk and the impact of artificial intelligence on banking supervision. The meeting also included authorities from Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Colombia and Ecuador.
The Bank of Korea’s June 2026 survey showed weaker overall business and economic sentiment. The all-industry CBSI fell to 97.7 and the next-month outlook to 95.2, while the ESI slipped to 96.8. Manufacturing current sentiment improved slightly, but non-manufacturing weakened and pulled down the aggregate reading.
The U.S. Department of the Treasury said it has completed a four-part AI Innovation Series focused on artificial intelligence in financial services. Participants said AI is moving into implementation and can improve productivity, cyber resilience and fraud controls, but called for clearer and more harmonized regulation. Treasury said the discussions will inform its and FSOC’s ongoing policy work.
The U.S. Financial Services Committee examined how payments modernization is reshaping bank and non-bank chartering. Lawmakers and witnesses emphasized benefits for small businesses and called for clearer rules on charters, licensing and access to Federal Reserve services as payment and banking activities become more unbundled. Testimony also underlined that innovation is occurring across both banks and fintechs.
The Federal Reserve Board’s annual stress test found that all 32 large banks stayed above minimum common equity tier 1 capital requirements under a severe recession scenario. Banks were projected to absorb more than USD 708 billion in loan losses, while aggregate capital fell 1.6 percentage points. The results will not change current capital requirements, which will stay in place until 2027.
The Central Bank of Iceland has agreed with the European Central Bank for Iceland to join TIPS, the Eurosystem’s instant payment settlement platform. From 2028, Icelandic króna payments will be settled instantly in central bank money through TIPS, replacing the current domestic real-time interbank settlement system. A domestic contingency solution will also be added for periods when TIPS is unavailable.
The Financial Action Task Force of Latin America held a June 9 to 11 strategic preparation meeting in Guatemala City to support Guatemala’s mutual evaluation. The sessions focused on helping the country set priorities, improve interagency coordination and prepare an evidence-based case across key fifth-round topics, with a separate session for the private sector.
The Argentina Superintendency of Insurance said it brought together insurers' finance and investment managers with Ministry of Economy officials to advance a joint agenda for strengthening the sector and promoting long-term investment. The discussion focused on the economic outlook, capital market development and insurers' role as long-term institutional investors whose portfolios back policyholder obligations.
The Securities and Exchange Commission of Zimbabwe has called its eighth Annual General Meeting for 15 July 2026 in Harare. The agenda includes adoption of its 2025 reports, approval of ZWG595,504.00 in audit fees, and replacing Grant Thornton with the Office of the Auditor General as external auditor for 2026. It also seeks confirmation of ZWG2,015,309.00 in non-executive board fees and allowances.
The Securities and Exchange Commission of Zimbabwe said amendments to the Securities and Exchange Act bring virtual asset activities and Virtual Asset Service Providers in section 49B under its supervision. It clarified that Statutory Instrument 99 of 2026 mainly addresses AML, counter-terrorist financing and counter-proliferation financing obligations, while the Commission will oversee licensing, prudential and market conduct matters. Further rules and guidance will follow.
The Philippine Securities and Exchange Commission has proposed bond-specific disclosure rules and a five-year Medium-Term Note Program allowing eligible issuers to register once and conduct multiple offerings. The reforms would also simplify requirements for qualifying medium-sized issuers, move required notices online and clarify disclosure updates. Comments are due by July 9, 2026.
The Guernsey Financial Services Commission has alerted firms that the UK sanctions listing details for Mikhail Fridman have been varied, while his Russia sanctions designation and related restrictions remain in force. Guernsey businesses must check for affected relationships, freeze relevant assets immediately where necessary, and report findings to the Policy & Resources Committee and then to the Commission under Handbook Rule 12.37.
The Guernsey Financial Services Commission has registered the first fund to qualify for two parts of its Sustainable Funds Regime. The solar energy fund is both a Natural Capital Fund and a Guernsey Green Fund, making it the second Natural Capital Fund and the first existing Guernsey Green Fund to achieve both designations. The Green Fund designation has about GBP 4.5 billion of assets under management.
The Bank of Israel, the Ministry of Finance and the Israel Securities Authority have published a final report proposing a unified securities fee model aimed at making charges simpler, more transparent and easier to compare. The plan would let banks charge separate advisory fees, replace current mutual fund distribution fees with a 0.2 percent agency fee for advised purchases, and move custody account fees to a fixed monthly shekel charge. Implementation is planned in stages, with some elements requiring legislative and regulatory changes.
The Federal Reserve Bank of Dallas said its second quarter 2026 Energy Survey showed Eleventh District oil and gas activity rising at its fastest pace since the second quarter of 2022. Production gains were modest, but costs, delivery times and capital spending all increased sharply. Executives also pointed to only modest U.S. production growth potential in 2027 and cited gas takeaway capacity and regulatory issues as key Permian constraints.
The US National Credit Union Administration said its board was briefed on phase one and upcoming phase two of its deregulation project, along with recent rules on board member reimbursement, records preservation, federal credit union fees and reputation risk. The agency also reported that the Share Insurance Fund had USD 24.5 billion in assets in the first quarter of 2026, while agency spending through May was 17.1 percent lower than a year earlier. The fee rule states that conflicting state laws do not apply to federal credit unions' non-interest charges and fees, including interchange fees.
The Financial Services Regulatory Authority of Ontario has started enforcement action against four mortgage market participants and proposed CAD 155,000 in administrative penalties. The alleged breaches include dealing in mortgages outside an authorized brokerage, unlicensed mortgage lending, use of restricted titles and failures in brokerage oversight. All four parties have requested hearings before the Financial Services Tribunal.
The U.S. Securities and Exchange Commission has appointed Kathleen M. Hutchinson as director of its Office of International Affairs. She had been acting director since January 2025 and previously served in several senior roles in the office, which handles international policy, cross-border regulatory cooperation and technical assistance.
In welcome remarks for a Cleveland Fed small business symposium, Federal Reserve Board Governor Lisa D. Cook emphasized the Small Business Credit Survey as a core source of data on small-firm financing conditions. She highlighted a 2025 survey finding that nearly half of small employer firms use artificial intelligence and that 71 percent of those users reported higher productivity. The full 2025 survey was scheduled to be presented later at the event.
The Central Bank of Poland hosted a 9-11 June study visit for representatives of the Central Bank of the Republic of Uzbekistan. Discussions covered web-scraping and modelling for short-term inflation forecasting, as well as banking sector liquidity, daily liquidity management and the monthly liquidity table.
The National Bank of Romania is releasing a new 1 February 2026 series of RON 1 to RON 500 banknotes with the signatures of the governor and new chief cashier Mugur Tolici, while all other design and security features remain unchanged and the notes will be introduced gradually alongside existing banknotes.
The Central Bank of the Republic of Azerbaijan revoked two insurance agent licenses based on voluntary applications under Article 107.1.1 of the law on insurance activity. The board decision was adopted on June 23, 2026.
The National Bank of Serbia said its IPS NBS instant payments system processed 31.9 million payments in the first quarter of 2026, up 30.8 percent from a year earlier. Payment value rose 33.3 percent to RSD 392.8 billion, with average daily volumes reaching 354,226. Growth was supported by broader acceptance at merchants, e-commerce and the eGovernment ePlati portal, alongside the "Prenesi" phone-number-based transfer service.