The Croatian National Bank said the Croatian Parliament has appointed Ante Žigman as governor from 19 June 2026 for a six-year term. Žigman currently leads Croatia’s non-bank financial supervisor and previously held roles at the central bank, the Ministry of Finance and European supervisory bodies.
The Central Bank of Cuba reported that Cuba's National Assembly is discussing proposals to widen the foreign investment regime, including allowing foreign capital into private companies for the first time. The package would also extend asset rights, ease foreign investors' financial operations, streamline approvals and permit direct import and export by private companies and cooperatives.
The Central Bank of Cuba published details of a government proposal to reform wages and labor protections, centered on raising the minimum wage from CUP 2,100 to CUP 3,110 and updating all state salary scales. The package would also ease pension and retirement rules, expand labor flexibility including multiple employment and telework from abroad in some cases, and provide one month of salary protection for non-state workers who lose their jobs.
Cuba’s parliament debated a reform package that would allow private corporate banking under Central Bank of Cuba supervision and reshape the foreign exchange market. Other proposals include non-bank microcredit entities, successive currency devaluations, targeted value-added tax changes, wider electronic invoicing and a more market-based approach to price formation.
The Bank of England’s Prudential Regulation Authority has opened a consultation on changes to the internal model approach for market risk, completing the final part of UK Basel 3.1 implementation. The proposals would extend the profit and loss attribution monitoring period to three years, refine treatment of risks with limited trading data, ease transition to full internal model approval and simplify operations. The Prudential Regulation Authority plans to implement these changes on 1 January 2028, while the rest of Basel 3.1 remains scheduled for January 2027.
Norway's Department of Finance has confirmed phased commencement dates for amendments to the Bookkeeping Act and other financial market laws. Bookkeeping-obliged businesses must issue e-invoices to each other by 1 January 2027 and have digital bookkeeping systems in place by 1 January 2030. Other changes, effective from 1 July 2026, cover electronic shareholder communications, accountant qualification rules, Finanstilsynet appeal and instruction arrangements, and potential extension of DORA-related rules.
The South Africa Financial Sector Conduct Authority and the OECD are hosting a Cape Town symposium on 19 June 2026 to advance financial education, financial literacy and consumer protection in Africa. Discussions will cover national financial literacy strategies, recent financial inclusion progress, and digitalisation-related risks such as fraud and scams. The event follows the first meeting of the OECD-INFE Africa Network, which includes 30 public authorities from 36 countries.
Norway's Department of Finance has presented seven financial market measures to simplify regulation, cut reporting burdens and improve information access and securities issuance. The package includes proposed sustainability reporting relief, prospectus and securities rule simplification, a pathway for European green bonds and investor access to company information through ESAP. It also confirms that amendments to the Financial Institutions Act will take effect on July 1 and a new crowdfunding law on Aug. 1.
In a speech, the Central Bank of Ireland said retail intermediaries are key to supporting consumers and wider retail investment participation, and backed discussion of a Personal Investment Account in Ireland. It tied that to stricter Consumer Protection Code requirements and said 2026 supervisory work will cover customer support, vulnerable customers, commission arrangements and firms' separation of regulated and unregulated offerings.
The Indonesia Financial Services Authority approved PT Gadai Sakti Jakarta and PT Gadai Mas Nusantara to expand their pawnshop business scope from provincial to national level. The approvals allow both firms to operate across Indonesia, with PT Gadai Sakti Jakarta's approval granted after it met the licensing requirements in Regulation No. 39 of 2024 on Pawnshops. OJK also reported that pawnshop industry lending reached IDR 157.20 trillion in April 2026, up 56.80 percent year on year.
The Central Bank of Latvia has authorised SIA AlphaRoute to provide six crypto-asset services under MiCA, including custody, trading platform operation, exchange, placing and transfer services. AlphaRoute is the seventh firm authorised by the central bank for crypto-asset services, and the licence can support cross-border activity across the EU through MiCA's notification framework.
The Bank of Italy's 2025 survey on international merchandise transport found that Italy's freight transport services deficit widened to EUR 12.6 billion from EUR 10.7 billion in 2024. The main driver was a further fall in the market share of Italian carriers, particularly in maritime and road transport, while air and most maritime freight rates declined but road and Ro-Ro costs increased. The report also says the deficit is likely to worsen in 2026 as recent hostilities in the Persian Gulf lift shipping costs.
The National Bank of the Kyrgyz Republic suspended the license of exchange bureau Option LLC from June 19 through July 4, 2026 inclusive for breaches of national legislation and National Bank regulatory acts.
The National Bank of the Kyrgyz Republic imposed a KGS 55,000 fine on an exchange bureau in the Jalal-Abad region. The sanction relates to breaches of Kyrgyz legislation and the central bank’s regulations.
The French Financial Markets Authority has updated its EMIR guidance to reflect EMIR 3, including the new active account requirement at an European Union central counterparty for certain interest rate derivatives and related reporting to the AMF. It also highlights the new representativeness test above EUR 6 billion and forthcoming reporting on the use of third-country central counterparties. AMF says active account reports are due in July 2026 and notes revised conditions for intragroup exemptions involving third-country entities.
The Central Bank of the Philippines has increased the maximum repayment period for salary-based general-purpose consumption loans to seven years for all borrowers, up from a general three-year limit. The cap applies only to unsecured salary-based consumption loans, while banks and other BSP-supervised institutions must still set actual terms based on each borrower’s capacity to pay. Other loan types, such as housing, motor vehicle and credit card loans, are outside the measure’s scope.
The Central Bank of the Philippines backed a Department of Labor and Employment advisory urging employers to promote financial planning, savings, microinsurance and PERA among private-sector workers. The advisory also reinforces the use of transaction accounts for wage receipt, payments, budgeting and emergency savings, and supplements earlier guidance on paying wages through transaction accounts.
Moldova's National Commission for Financial Markets adopted decisions on insurance, capital markets and consumer protection. It launched consultation on technical changes to the Green Card insurance certificate, registered a MDL 172.88 million MAIB bond issue and other securities updates, and fined insurer IM CIA TRANSELIT SA MDL 12,000 for not fully carrying out earlier remedial measures in a travel medical insurance claim case.
Angola's Ministry of Finance said parliamentary committees approved in detail three draft laws on personal income tax, crowdfunding and oversight of external audit for public interest entities. The tax bill discussions centered on transition rules, continued protection for taxpayers with disabilities of 50% or more and limits on tax authority access to banking data. The three measures now go to final overall consideration and vote.
The Angola Capital Markets Commission participated in the presentation of Deloitte's 20th "Banca em Análise" study on the Angolan banking sector. Executive Administrator Edna Mascarenhas represented the commission at the Luanda event, which brought together financial institutions, regulators and specialists to discuss the study's findings and the broader economic and geopolitical backdrop.
Kazakhstan's financial market regulator said work is advancing on an insurance market development program through 2030 and a new draft insurance law after a roundtable with the National Bank, industry and consultants. The reform agenda centers on broader compulsory insurance, distribution, infrastructure, digitization, life insurers' investment scope and new pension annuity products. A reform package was formed for further discussion with market participants and state bodies.
The Australian Securities & Investments Commission has banned adviser Brett Newbound from credit and financial services activities for 10 years and cancelled the Australian financial services and credit licences of Freedom Wealth Services Pty Ltd. ASIC found that, in three cases, client signatures were not provided by the clients and file notes did not accurately reflect client interactions, with the documents used to justify ongoing service fees. The decisions took effect on 1 May 2025 and are under appeal.
The Bank of Korea's preliminary 2025 regional balance of payments data show the total current account surplus rose to USD 123.05 billion from USD 99.97 billion in 2024, led by a stronger goods surplus of USD 138.07 billion despite a wider services deficit. The United States remained the largest current account surplus region at USD 111.42 billion, while surpluses with Southeast Asia and the European Union increased and deficits with China and Japan widened. The financial account totaled USD 41.23 billion, down from USD 49.73 billion a year earlier.
The South Korea Financial Supervisory Service said insurers' aggregate K-ICS capital adequacy ratio rose to 216.1% at end-March 2026 with transitional measures applied, up from 212.3% at end-December, and to 202.6% without transitional measures, up from 197.6%. Available capital increased on net earnings and stronger other comprehensive income, while required capital also rose mainly because equity risk expanded. The FSS said it will press insurers with weak capital positions to build high-quality capital and strengthen risk management.
The Ukraine National Commission on Securities and Stock Market has approved draft revisions to the criteria for classifying critical enterprises in the capital markets sector for employee reservation. The changes broaden ownership-based exclusions to residents of countries in a risk zone that support aggression and to sanctioned persons, add systemically important market participants and critical infrastructure entities, and exclude firms supervised by the National Bank of Ukraine. The draft will be published for public discussion before final approval and registration with the Ministry of Justice.
The Reserve Bank of Australia’s 2026 PFMI assessment found that RITS observed all relevant principles except Governance, Framework for the comprehensive management of risk and Operational risk, which were rated partly observed. Governance was downgraded because planned RITS-specific enhancements have progressed too slowly, while the other two ratings were unchanged. The Payments System Board expects key improvements to be in place before the March 2028 detailed assessment.
The Thailand Office of Insurance Commission said it used Asian Claims Convention 2026 to press for higher standards for loss adjusters and wider use of technology in claims handling. It tied that focus to rising catastrophe losses in the region and said stronger professionalism, transparency and capability in claims assessment are important for policyholder confidence.
The Egmont Group said it participated in the FATF plenary in Paris and highlighted two main joint outputs with the FATF and partners: a handbook on international cooperation in money laundering cases and the FATF report on information sharing partnerships and data protection approved at the June 2026 plenary. The handbook focuses on how FIUs, law enforcement authorities and prosecutors can use informal and formal cooperation more effectively in cross-border cases. Egmont also signaled continued work with the FATF under the incoming United Kingdom presidency.
The Reserve Bank of India has given small finance banks a temporary CRR and SLR exemption for fresh NRE term deposits of three years or more raised between June 19, 2026 and September 30, 2026, including renewals on maturity. The CRR relief starts from the reporting fortnight beginning July 16, 2026 and applies only to the original deposit amounts. Transfers from NRO accounts to NRE accounts are excluded.
The Reserve Bank of India has exempted fresh NRE term deposits of three years or more raised by urban co-operative banks from CRR and SLR requirements until September 30, 2026. The relief includes renewed deposits, takes immediate effect, and for CRR starts from the reporting fortnight beginning July 16, 2026. Transfers from NRO accounts to NRE accounts are excluded.
The Reserve Bank of India has exempted fresh NRE term deposits of three years or more at rural co operative banks from CRR and SLR if they are raised between June 19, 2026 and Sept. 30, 2026. The measure includes renewed deposits, takes immediate effect, and for CRR applies from the reporting fortnight beginning July 16, 2026. Transfers from NRO accounts to NRE accounts are excluded.
The Reserve Bank of India has amended its regional rural bank liquidity directions to exempt fresh NRE term deposits of three years or more from CRR and SLR maintenance if they are mobilized between June 19, 2026 and September 30, 2026. The measure takes immediate effect, with the CRR exemption applying from the reporting fortnight beginning July 16, 2026, and excludes transfers from NRO accounts to NRE accounts.
The Bank of Korea’s preliminary May 2026 data showed the Producer Price Index rose 0.8% on the month and 8.5% on the year, led by manufacturing and services. The Domestic Supply Price Index was flat on the month but up 11.7% on the year, while the Total Output Price Index increased 1.2% on the month and 16.7% on the year. All figures are preliminary and may be revised next month.
The Union of Arab Securities Authorities approved its 20th annual report, covering members’ 2025 regulatory work and the Union’s 2026 plan. It highlights sukuk guidance, studies on foreign exchange access, fintech, cybersecurity and ESG cooperation, expanded training, and digital platform upgrades. The report also says global market capitalization rose to about USD 149.5 trillion in 2025, while Arab markets’ capitalization fell to about USD 4.2 trillion.
The Union of Arab Securities Authorities and the Association of Chartered Certified Accountants will hold a July 1, 2026 webinar on combating fraud in capital markets, covering emerging fraud risks and the role of governance, internal controls and regulatory frameworks.
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission have launched a joint consultation on possible changes to swap and security-based swap data reporting rules. They are seeking feedback on how to align the two frameworks, cut unnecessary reporting complexity and costs, and improve data quality and regulatory usefulness. Comments will be accepted for 60 days after Federal Register publication.
The U.S. Securities and Exchange Commission and Commodity Futures Trading Commission are seeking public comment on whether Title VII definitions and interpretive lines for swaps, security-based swaps and related products need to be clarified or updated. The review focuses on innovative products such as event contracts, mixed swaps and statutory exclusions, and also asks whether alternative compliance between the two agencies' regimes could be used in some cases. Comments are due 60 days after Federal Register publication.
Sen. Elizabeth Warren, the ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, called on the Trump administration to disclose the details of the U.S.-Iran memorandum of understanding and explain its sanctions approach. She welcomed the halt in conflict through negotiations but argued the war caused military and civilian losses, raised household costs and did not improve U.S. security.
Chairman Tim Scott said in a CNBC interview that the Senate passed bipartisan housing affordability legislation 87 to 9 and that House alignment on the same principles could speed the bill to President Trump. He said the measure is aimed at lowering costs, helping first-time homebuyers and making it easier for community banks to provide mortgages. Scott also said the Federal Reserve's decision to hold rates steady showed its independence and a focus on price stability.
During a Shanghai visit and remarks at the 2026 Lujiazui Forum, Hong Kong's Financial Services and the Treasury Bureau set out three priorities for Shanghai-Hong Kong financial co-operation: comprehensiveness, long-term value and synergy. The update centred on Hong Kong's role in supporting Mainland companies going global, including through its corporate treasury centre strategy, offshore renminbi business and planned gold central clearing link with the Shanghai Gold Exchange.
The International Swaps and Derivatives Association, with IIF and SIFMA, filed a joint comment letter on the US Basel III endgame capital proposal for large banking organizations and firms with significant trading activity. The letter targets the trading book, credit valuation adjustment risk and counterparty credit risk rules, and calls for greater risk sensitivity, more consistency across the capital framework and fewer operational burdens. It also recommends an effective date no earlier than January 1, 2028.
The International Swaps and Derivatives Association said the revised US Basel III endgame proposal would reduce the projected increase in FRTB market risk capital to 89% under the standardized approach and 30% under the internal models approach, down from 101% and 73% in the original draft. In its consultation response, ISDA still called for targeted changes to cross-product netting, the FRTB default risk charge and the credit valuation adjustment capital requirement before the rule is finalized.
The Philippine Securities and Exchange Commission extended a 50% discount on securities registration filing fees for eligible MSMEs through Dec. 31, 2026. The relief covers public offerings, including specified streamlined registrations, and is subject to asset, certification and paid-up capital requirements.
The Philippine Securities and Exchange Commission reported that Interpol issued a red notice against MFT Group chief Maria Francesca Tan over an alleged large-scale fraudulent investment scheme. Tan faces arrest warrants and charges linked to unregistered securities offerings, fraud and a scheme that allegedly promised guaranteed returns of 12% to 18%.
The Thailand Securities and Exchange Commission is consulting on a rule change that would allow mutual funds and provident funds to invest in Government Housing Bank savings certificates. The proposal would classify the instruments as deposits or deposit-equivalent instruments, aligning them with similar certificates from the Government Savings Bank and the Bank for Agriculture and Agricultural Cooperatives. Existing single entity and group risk limits would continue to apply.
The Financial Stability Board held a roundtable on the financial stability implications of structural change in the global audit industry. Discussions focused on audit firm ownership changes linked to technology investment, including artificial intelligence, and on how those shifts may affect audit quality and the adequacy of existing standards. Participants also discussed ways to address a recent adverse trend in audit inspection findings.
The Algeria Market Authority published a notice that EGH Chaine El Aurassi Spa will hold its ordinary general meeting on June 24, 2026, at 10:00 a.m. at the company’s headquarters in Algiers.
The Algeria Market Authority said Chairman Youcef Bouzenada took part in the First Arab Conference on Governance, Transparency and Administrative Integrity in Cairo from June 15 to 17, 2026, a regional forum organized by the Arab Administrative Development Organization of the League of Arab States.
The Financial Markets Standards Board has added State Street Bank and Trust Company as a Full Member. State Street will participate in FMSB’s standards-setting, committee and working group activities as the body advances its 2026 workplan.
The Central Reserve Bank of Peru reported a USD 43,049 million trade surplus over the 12 months to April 2026 and a monthly surplus of USD 3,304 million in April. Exports rose 51.1 percent to USD 9,329 million, driven by higher prices and stronger shipments, while imports increased 34 percent to USD 6,025 million. The January to April trade surplus reached USD 16,171 million, up from USD 8,555 million a year earlier.
The Financial Superintendence of Colombia trained 68 newly appointed compliance officers from supervised entities on money laundering and terrorist financing risk management. The session covered Sarlaft monitoring, corporate governance oversight, reporting to the Financial Information and Analysis Unit, and the scope of the Financial Action Task Force's fifth round of mutual evaluations.
The Federal Reserve Board has opened a joint consultation on requiring certain payment stablecoin issuers to maintain an effective customer identification program. The proposal would align those expectations with customer identification program requirements for banks and credit unions. Comments are due 60 days after publication in the Federal Register.
The Federal Reserve Board executed a consent prohibition order against Matthew Cheong, a former employee of Manufacturers and Traders Trust Company. The action relates to embezzlement by a bank employee.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reissued Tauran Insurance’s license for general insurance activities after the company changed its legal name from JSC Insurance Company TransOil.
The Eastern Caribbean Central Bank named Phillip John of Saint Vincent and the Grenadines as the 2026 ECCB–Thomas De La Rue Scholarship recipient. He is studying environmental data science and machine learning at Imperial College London. The scholarship offers up to USD 25,000 for up to two academic years and includes an ECCB internship and a post-study regional work requirement.
The Argentina Superintendency of Insurance used an industry and judicial forum on insurance fraud to outline work on better using its data to support fraud prevention by insurers. It also announced a planned agreement with the federal courts body JUFEJUS to give courts digital direct access to supervisory information and speed insurance-related judicial requests.
The Argentina Securities Commission has temporarily stopped approving new Article 7 bis FCIA that can invest more than 25 percent of net assets in assets issued and traded abroad. It also suspended new subscriptions into existing funds of that type, pending an assessment of their fiscal cost.
In published remarks to the Association of Serbian Banks, the National Bank of Serbia said inflation remains within target, foreign exchange reserves reached a record EUR 29.9 billion at end-May, and banks remain strongly capitalized and liquid. It also reported early SEPA uptake, with about 40% of relevant cross-border euro payments processed through SEPA in May and 18 of 19 banks in the market participating. The central bank further highlighted interest rate caps under last year's consumer protection law and the start of contributions to the Resolution Fund in early June.
The Bank of Italy’s annual report says Basilicata’s economy stagnated in 2025, with activity falling 0.2 percent as automotive weakness hit industry. Exports dropped 17.8 percent, while construction and tourism were brighter spots. Employment and bank lending improved, but corporate credit quality worsened, mainly in manufacturing.
The Bank of Italy’s April 2026 balance of payments update shows Italy’s 12-month current account surplus widened to EUR 32.9 billion, or 1.4 percent of GDP, from EUR 18.0 billion a year earlier. The improvement came mainly from primary income returning to surplus and a wider goods surplus. Over the same period, the financial account recorded net acquisitions of foreign assets of EUR 45.5 billion.
The Bank of Italy's annual report says Molise's economy was essentially flat in 2025, with activity slipping 0.1 per cent as weak consumption, stagnant business investment and lower exports outweighed stronger public investment. Automotive manufacturing and private services were the main weak spots, while construction was supported by public works. Bank lending stabilised as household borrowing recovered, but credit quality worsened, particularly for businesses.
The Bank of Italy’s annual report said Calabria’s economy grew 1.1 percent in 2025, outperforming southern Italy and the national average. Growth was supported by stronger tourism, exports above EUR 1 billion, construction and faster credit growth, while employment rose 3.8 percent and public capital spending accelerated. The 2026 outlook has weakened because the Middle East conflict has already hurt business and household confidence.
The Bank of Italy said its macroprudential committee sees international uncertainty as the main risk to Italy’s financial system, while judging banks, households and firms to be sound overall and markets to be functioning orderly. The committee also highlighted AI-related operational and cyber risks, kept household holdings of complex certificates and crypto-assets under review, and discussed steps to improve information on the placement of those instruments. It expects to complete its framework on financial-contract benchmarks in the second half of 2026.
Poland's Ministry of Finance used the 25th anniversary of the General Inspector of Financial Information to highlight future AML/CFT challenges and announce new cooperation arrangements. GIIF signed an agreement with the European Public Prosecutor's Office covering information exchange, strategic analysis, training and faster coordination on money laundering and offences against the European Union's financial interests. A separate agreement with the University of Warsaw will support postgraduate AML/CFT studies.
The European Banking Federation and 17 other organisations have issued a joint letter on the future of the Industrial Decarbonisation Bank. They argue the bank should use targeted, technology-neutral and coordinated de-risking tools to mobilise private finance for mature industrial decarbonisation projects. The recommendations include contracts for difference, fixed premiums and models drawn from the Innovation Fund and the European Hydrogen Bank.
Iceland's Ministry of Finance and Economic Affairs published a readout of the second 2026 Financial Stability Council meeting. The council reviewed financial system and economic conditions, with particular attention to the real estate, construction and foreign exchange markets, and discussed rising risks in financial infrastructure operations and the Central Bank's response. It also received an update on the resolution authority's work since the previous meeting.
The Central Bank of Cyprus presented survey results showing that households still keep much of their savings in bank deposits, while many citizens feel insecure about financial decisions and see unequal access to investment products. At the event, officials linked stronger financial literacy to wider participation in investment markets and said a national financial literacy website will be launched.
The Central Bank of Russia has published a concept for a commercial smart contract platform within the digital ruble infrastructure. It would let market participants develop and upload their own digital ruble smart contracts, with the central bank expected to operate the platform initially. Feedback is invited through 30 September 2026.
The Central Bank of Russia will require broader disclosures for digital financial asset issues from 1 October 2026 under an ordinance registered by the Russian Ministry of Justice. Issuers must include accounting statement information or a publication link, and rated issuers must link to the relevant credit rating agency. Banks issuing credit DFAs must also disclose loan, borrower and portfolio quality information.
The Central Bank of Ireland's second Quarterly Bulletin raises baseline inflation forecasts to 3.5 percent in 2026 and 2.9 percent in 2027, mainly because the Middle East conflict has increased energy price assumptions. It expects weaker consumer spending in 2026, but continued modified domestic demand growth driven by multinational-led investment, while first-quarter GDP fell sharply because of volatile multinational-related trade flows.
The Financial Transactions and Reports Analysis Centre of Canada has published a mortgage sector video that provides examples of how to meet compliance requirements.
The Bank of Spain said Governor José Luis Escrivá is speaking at the Foros de Vanguardia event The economy and the financial sector in the geopolitical environment.
The European Banking Authority said EU and EEA banks remain resilient, supported by solid capital, liquidity, asset quality and profitability, despite higher uncertainty in financial markets. Its latest risk publications also warn of rising geopolitical, operational and cyber risks, along with growing interconnectedness between banks, non-bank financial institutions and private credit markets.
The Financial Supervisory Authority of Norway warned that the website Fundfrontiertech.com is falsely marketing and offering investment services under the name Fundfrontier Tech and is misusing a certificate of incorporation issued by the authority.
The Norwegian Financial Supervisory Authority fined Capricorp Investments B.V. NOK 100,000 for notifying the market too late after crossing the 5 percent ownership threshold in Soiltec ASA. Capricorp acquired the shares on 16 January 2026 but did not disclose the threshold crossing until 17 February 2026. Finanstilsynet treated the delay as negligent and set the penalty with reference to the seriousness and duration of the breach and prior practice.
The Norwegian Financial Supervisory Authority warned that the name and logo of Arctic Securities AS are being used in scam attempts.
The Italian Institute for Insurance Supervision and the Italian Competition Authority have opened a market inquiry into competition issues in RC Auto and launched a public consultation. The review will examine risk classification systems, direct compensation, possible switching barriers linked to black boxes, and whether complex offers and discount practices weaken price comparison tools. Contributions are due by July 31, 2026.
In remarks to an occupational insurance conference, Greece's Ministry of National Economy and Finance said occupational pension funds are central to the EU Savings and Investments Union and to Greece's second-pillar pension strategy. The minister said these funds can improve pension adequacy and channel long-term savings into productive investment, while stressing the need for transparency, governance and effective supervision.
The Greece Ministry of National Economy and Finance has presented two digital systems to improve oversight of private debt and the assessment of creditworthiness. One will compile anonymous, aggregated creditor data on private debt across public and private sector claims. The other will use public sector data to generate credit scores, inform individuals and businesses of the outcome, and allow correction requests.
The Central Bank of the Republic of Azerbaijan has replaced the payment institution licenses of Multi Solutions LLC and Cibpay LLC with licenses to operate as electronic money institutions. The change was made by a board decision dated June 10, 2026 under the Law on Payment Services and Payment Systems.
The Office of the Comptroller of the Currency published its June 2026 enforcement actions, issuing prohibition orders against former Quontic Bank officer Steven Ho and former First National Bank of Lindsay chief executive Danny Seibel. It also terminated prior actions against Bank of America, Maple City Savings Bank and The Federal Savings Bank.
The Financial Services Regulatory Authority of Ontario has re-established its Technical Advisory Committee for Credit Union Data Strategy and Digital Transformation and is recruiting members for a two-year term beginning in July 2026. The committee will advise on data and analytics, risk management and stress testing, with applications open until July 6, 2026.
The Dutch Central Bank used a podcast episode to revisit the case for a digital euro ahead of European Parliament deliberations, with a possible launch in 2029 if agreement is reached. The discussion emphasized both public money in digital form and greater European control over payments, while retail representatives backed payment choice and offline functionality but flagged merchant cost concerns.
At an ECB committee meeting in Amsterdam, a Dutch Central Bank official said normal use of central bank facilities should not trigger supervisory questions. The remarks were aimed at countering market stigma and were made in the context of refinancing operations and the central bank’s lender of last resort role.
De Nederlandsche Bank told the Social and Economic Council that the current energy shock is unfolding in a cooler economy than in 2022, but is still raising inflation, with the extent and duration of the effect depending on how long energy prices stay high.
De Nederlandsche Bank published research finding that European Central Bank monetary policy has different short-term effects across households, but only temporary and limited overall effects on inequality. In its model, a rate cut first benefits asset-rich households, then later reduces inequality as stronger jobs and wage growth support lower-income households. DNB adds that fiscal policy remains the main tool for addressing inequality.
The OECD’s Asia Capital Markets Report 2026 says Asian markets remained an important funding source in 2025 despite higher volatility from trade policy uncertainty and geopolitical tensions. Sovereign bond issuance reached a record USD 4.1 trillion, while companies raised USD 3.3 trillion in capital markets but relied more on secondary equity offerings and corporate bonds as IPO activity weakened. The report also points to persistent valuation discounts, limited institutional investor participation and rising crypto-asset, disclosure and cyber-risk challenges.
The OECD has published a report finding that economic growth in cities often does not reduce poverty, inequality or access gaps on its own. It sets out an inclusive growth framework across education, labour markets, housing, services and climate action, backed by a five-stage implementation roadmap. The report also highlights seven delivery enablers, including better data, stronger co-ordination and more sustainable financing.
The Federal Deposit Insurance Corporation joined other federal agencies in proposing to treat permitted payment stablecoin issuers as Bank Secrecy Act financial institutions and require them to maintain customer identification programs under the GENIUS Act. The proposal sets minimum standards for written, risk-based identity verification programs and would allow coordination with a parent insured depository institution’s program. Comments are due 60 days after publication in the Federal Register.
The Banking Commission of the Central African Republic issued an open national tender covering various IT spare parts for HP servers.
The Bank of Central African States has opened a regional tender for the supply and installation of information technology equipment for its SWIFT environment in Libreville, Gabon.
The Reserve Bank of India has amended the Foreign Exchange Management (Deposit) Regulations to widen the use of Special Non-Resident Rupee accounts and allow them to be maintained with authorized dealer branches in India or abroad, including in IFSCs in India. The changes also update NRO transfer rules, including transfers to NRE or SNRR accounts within existing remittance limits, and require stated purpose instructions for certain nonresident-to-nonresident SNRR transactions. The amendment takes effect from publication in the Official Gazette.
The Swedish Financial Supervisory Authority has updated its annual 2025 disclosures under the Capital Requirements Directive. The publication covers Swedish laws and guidance under CRD, use of national options and discretions under CRD and CRR, the authority's supervisory review methods, and aggregated statistics on implementation in Sweden.
The Hong Kong Securities and Futures Commission said its senior leadership has completed a three-day Shanghai visit focused on capital market links between the Mainland and Hong Kong. Discussions with the China Securities Regulatory Commission and Shanghai market infrastructure operators covered market connectivity, capital market internationalisation and financial product opening. At the Lujiazui Forum, Julia Leung also outlined Hong Kong’s role as a premier offshore RMB hub.
The National Credit Union Administration said it has joined an interagency proposal to require permitted payment stablecoin issuers to maintain customer identification programs under the GENIUS Act. The measure would apply Bank Secrecy Act customer identification requirements to those issuers, including entities supervised by NCUA as subsidiaries of federally insured credit unions. Comments are due 60 days after Federal Register publication.
In a speech, European Central Bank Executive Board member Piero Cipollone said the digital euro is intended to reduce Europe’s reliance on international card schemes by providing a pan-euro-area public payment option that complements cash and works online and offline. He said the Eurosystem plans a 12-month pilot from the second half of 2027, with more than 50 payment service providers applying, and that the ECB Governing Council will consider issuance only after EU legislation is adopted.
FinCEN and U.S. banking agencies have proposed rules under the GENIUS Act that would treat permitted payment stablecoin issuers as financial institutions under the Bank Secrecy Act and require customer identification programs. FinCEN also launched a separate rulemaking to apply other anti-money laundering obligations to those issuers. Public comment is being invited.
The European Fund and Asset Management Association has urged European Union co-legislators to revise the Market Integration & Supervision Package by rejecting proposals that would expand ESMA’s direct or quasi-direct supervision of asset managers. It instead backed targeted simplification, including integrated fund reporting, limited technical changes to cross-border fund rules and stronger safeguards for any depositary passport. EFAMA also supported keeping the Commission’s proposed consolidated tape enhancements and removing value thresholds from the DLT Pilot Regime.
The Dutch Authority for the Financial Markets is already accepting license applications for the revised consumer credit regime that will take effect on 20 November 2026. The changes will bring previously exempt products, including buy now, pay later, into scope and may also create registration duties for certain intermediaries. The AFM also flagged upcoming conduct requirements on responsible lending, age verification and early intervention for consumers in financial difficulty.
The Czech National Bank raised its two-week repo rate by 0.25 percentage point to 3.75% in a 6 to 1 vote, and increased its other key interest rates by the same amount, citing still-elevated core inflation and the need to keep headline inflation close to the 2% target despite weaker expected growth than in the May forecast. The board said risks to the inflation outlook remain overall inflationary and that any further moves will be considered very carefully in light of incoming data, including domestic inflation pressures, the koruna exchange rate and fiscal policy.