The Central Bank of the Philippines said cash remittances grew in April 2026 and that seasonally adjusted personal remittances also increased. The United States remained the main recorded source, ahead of Singapore and Saudi Arabia, although the central bank noted that origin data is affected by the location of remitting and correspondent banks.
The Angola Capital Markets Commission used a panel at ANGOTIC 2026 to outline the main aspects of Angola's proposed crowdfunding law. Its remarks linked the proposal to financial inclusion, entrepreneurship and investor protection, and also covered implementation challenges and opportunities.
The European Insurance and Occupational Pensions Authority’s 2025 Annual Report says the authority used the year to push regulatory simplification, pension and retail investment work, and supervision of digital, climate and cross-border risks. It highlights measures including Solvency II reporting simplification, AI and DORA-related supervisory work, and technical input on pension reforms. The report also introduces EIOPA’s 2026 to 2030 strategy centred on the Single Market, resilience and simpler supervision.
The Bank of Zambia will auction a ZMW 3.14 million government bond on behalf of the Anti-Corruption Commission on June 19, 2026. The bond carries a 13.00% coupon and matures on January 25, 2031. The sale is open to registered Bank of Zambia CSD participants and will be run as a competitive auction with the lowest yield winning.
The Moroccan Capital Markets Authority approved L’Oréal’s prospectus for an employee-only share issuance of up to 300,000 new shares. In Morocco, the offer targets L’Oréal Maroc employees at EUR 292.76 per share, or MAD 3,128.61, with subscriptions open from June 16 to June 24, 2026.
The Moroccan Capital Markets Authority has approved the prospectus for Sanlam Maroc’s capital increase tied to its merger with Allianz Maroc. The deal involves 1,225,000 new shares, an exchange ratio of five Sanlam Maroc shares for two Allianz Maroc shares and a total transaction value of MAD 2.56 billion. Shareholders of both companies are due to vote on July 2, 2026, with the exchange date set for July 7, 2026.
The Reserve Bank of India has issued master directions that consolidate the authorisation framework for payment systems under the Payment and Settlement Systems Act. New operators will receive perpetual authorisation, while existing operators can obtain perpetual validity at renewal if they remain compliant. The directions also keep the cap on fresh investment from FATF non-compliant jurisdictions below 20 per cent of voting power and formalise surrender and cooling-period rules.
The Belgium Financial Services and Markets Authority has warned that frontier AI systems are making cyberattacks easier, faster and more scalable, requiring regulated firms to reassess ICT risk even if they were previously seen as lower-risk targets. It says DORA provides the core response framework and expects in-scope firms to strengthen asset inventories, patching, detection and incident response, and oversight of ICT service providers. The guidance is also recommended for firms outside DORA's scope.
The Uzbekistan Ministry of Finance met STJ Advisors and ScholzvonGleich to discuss faster privatization, transformation of state-owned enterprises and their phased access to capital markets. The talks also reviewed UzNIF priorities, with a focus on international investor engagement, private capital participation and corporate governance, and ended with agreement to deepen cooperation.
Hong Kong's Financial Services and the Treasury Bureau said Christopher Hui led a 30-plus-strong delegation to Hangzhou to link Hong Kong financial services with Mainland companies seeking financing and overseas expansion. During the visit, the bureau signed an MOU with the People's Government of Hangzhou Municipality covering capital markets, fintech, wealth management and insurance. The program also included meetings with enterprises on using Hong Kong for international capital raising and broader global expansion.
The Bank of Japan has asked financial institutions to urgently strengthen short-term cybersecurity measures to address the risk that frontier AI will accelerate vulnerability discovery and exploitation. Firms are expected to treat the issue as a management priority, focus patching and defenses on critical systems, and ensure vendors, contracts and contingency plans can support rapid response. The measures are framed as immediate actions, with about one month as a general guideline and ongoing review as threats evolve.
APRA and ASIC have published notes from two Superannuation CEO Roundtables centred on APRA’s inaugural System Risk Stress Test and wider system risk issues. The discussion highlighted that super funds can stabilise markets but may also amplify shocks through liquidity strains and operational dependencies. It also underscored the need for stronger trustee resilience, especially around third-party service providers and future stress-testing capability.
The Australian Securities & Investments Commission said ASX has admitted its 10 February 2022 statement that the CHESS replacement project was “progressing well” was misleading. ASIC and ASX will ask the Federal Court to approve a AUD 20.5 million penalty and AUD 3 million in costs. A hearing on final orders and penalty is set for 1 July 2026.
The Australian Securities & Investments Commission is consulting on draft pre-hedging guidance that aligns with IOSCO standards and clarifies how existing Australian obligations apply. The proposal covers AFS licensees and other entities that pre-hedge ahead of client transactions and would not create new legal requirements. ASIC plans to finalize the guide in Q4 2026.
The Superintendency of Banks of Panama has signed a strategic collaboration agreement with Visa to promote financial education for individuals and small businesses in Panama. The initiative will use Visa's digital learning tools, including Financial Football, while the authority leads nationwide visibility and adoption efforts. Access to the tools will be free for educational use.
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a release on the Make More in America Act, which would expand the Export-Import Bank's authority and capacity to finance U.S. manufacturing in strategic industries. The bill would allow support for building or expanding domestic facilities and would attach labor, wage and workforce conditions to funded projects. It also includes restrictions on the use of funds, clawback provisions and conflict-of-interest limits.
The National Reserve Bank of Tonga warned that a Facebook page using its logo is fraudulent and not affiliated with the bank. It told the public not to contact the page, send money or share personal or financial information. The bank said it does not request payments from the public and pointed users to its official Facebook page and website.
The Central Bank of Egypt has opened upgraded medical units and an outpatient complex at Cairo University's National Cancer Institute with support from Egyptian banks under banking sector corporate social responsibility programs. The new facilities expand bone marrow transplant and hematology capacity to about 400 patients a year and support clinics serving around 1,500 patients a day. Work is still continuing on the institute's north hospital and middle building.
The Central Bank of Algeria used a meeting with commercial bank chiefs to press for faster financial inclusion and banking sector modernization, with a focus on digital transformation and payments. It also reviewed banking sector performance and recent monetary policy measures intended to support price stability, financing conditions and financial stability.
The Egypt Financial Regulatory Authority met a Russian delegation led by the deputy governor of the Central Bank of Russia to discuss cooperation in insurance and other overlapping areas, including finance and financial literacy. The sides reviewed developments in their nonbank financial markets and agreed to continue contact on shared issues.
In personal remarks, SEC Commissioner Mark Uyeda said Central and Eastern Europe needs deeper capital markets, not just bank financing, to support its next phase of growth. He pointed to EU and Polish initiatives to shift savings into investment and cited the SEC’s own push to refocus disclosure on financial materiality, including its proposal to rescind the climate disclosure rule. The speech also highlighted the SEC’s early 1990s assistance in building Poland’s securities market.
Andorra's Ministry of Finance published a readout of IMF Managing Director Kristalina Georgieva's first institutional visit since Andorra joined the fund in 2020. It said the talks highlighted stronger institutions, 3.9% GDP growth in 2025, a 2.54% of GDP fiscal surplus and public debt reduced to 29.4% of GDP. The discussions also covered housing policy and the EU association agreement.
The Insurance Commission of the Bahamas used a meeting with the Ministry of Finance to outline its move toward more independent day-to-day regulation and a stronger supervisory model. The update highlighted expanded on-site inspection, complaints and compliance functions, along with legislative work on the insurance act, pensions regulation, captive insurance and reinsurers. International engagement, data improvements and consumer financial literacy were also identified as current priorities.
The Reserve Bank of India has revised FEMA rules on payment and reporting for non-debt investments by non-resident individuals. The amendments set updated funding and sale-proceeds rules for NRI and OCI investments on a repatriation basis and for Indian company shares listed on international exchanges. They also require designated Authorised Dealer Category I banks to report relevant stock exchange purchases and transfers in Form LEC (IFI).
The National Bank of Georgia said Governor Natia Turnava met ICBC President Lin Liao in Shanghai to discuss expanding cooperation. The talks centered on Chinese securities trading, investment in China’s bond market and international market trends. ICBC has also supported Georgia’s sovereign Eurobond issuance, treasury securities syndication and regular auctions.
Hong Kong Financial Services and the Treasury Bureau said Secretary Christopher Hui will lead a 30 plus financial delegation to Shanghai, Hangzhou and Suzhou from June 14 to June 18. The trip will center on networking to support Mainland enterprises going global and will include attendance at the Lujiazui Forum in Shanghai on June 17. Joseph Chan will serve as acting secretary during Hui's absence.
Czech National Bank officials signaled that a June rate increase remains a live option ahead of the 18 June Bank Board meeting. Governor Aleš Michl said domestic inflation pressures have strengthened the case for a hike, while Jan Procházka said the debate is balanced between no change and a 25 basis point increase. Both indicated any move would be limited rather than the start of a broader tightening cycle.
UK Parliament said the House of Lords held a general debate on the government's record on the rural economy on 11 June. Lord Fuller put forward the debate and Lord Katz responded for the government. Parliament also linked to the recording, Hansard transcript and a Lords Library briefing.
UK Parliament said the House of Lords will hold a general debate on tackling child poverty on 18 June. Baroness Lister of Burtersett will put forward the debate, and Baroness Sherlock will respond for the government.
The U.S. Department of the Treasury updated FinCEN guidance to clarify that financial institutions may share information on suspected fraud under section 314(b) of the USA PATRIOT Act. The clarification covers exchanges between eligible institutions on suspected fraud, money laundering, terrorist financing and other specified unlawful activities, with examples including video footage, IP addresses and transaction or login red flags.
The Commodity Futures Trading Commission has sued New Mexico in federal court to stop the state from applying gaming laws to CFTC-registered prediction markets. The agency seeks a declaration that it has exclusive authority over event contracts under the Commodity Exchange Act and an injunction against state enforcement, after New Mexico sued KalshiEX LLC in state court.
The Commodity Futures Trading Commission's Division of Market Oversight issued no-action relief allowing designated contract markets to convert existing perpetual-style digital commodity futures into true perpetual futures by removing expiration dates. The relief is subject to customer protection and procedural conditions, including notice, exit opportunities, risk disclosures and no other material contract changes. Designated contract markets must file the amendments under Regulations 40.5 or 40.6, and the relief expires on June 30, 2026.
The Federal Reserve Bank of Minneapolis appointed three executives to its Community Depository Institutions Advisory Council for 2026. The new members are Jack Hopkins of CorTrust Bank, Colleen Murphy of Whitefish Credit Union and Mark Oldenberg of Security Financial Bank. The council advises the Minneapolis Fed president on issues affecting Ninth District thrifts, credit unions and banks with less than USD 10 billion in assets.
The Bermuda Ministry of Finance has laid a policy proposal to create a modern legal framework for cooperatives. The plan would recognize cooperatives as a distinct legal entity and establish a Registrar of Cooperative Societies for oversight, registration and support. It identifies sectors including agriculture and fisheries, housing, renewable energy, technology and sports organizations as potential areas for development.
The Isle of Man Treasury said Moody’s has reaffirmed the Island’s Aa3 stable credit rating and highlighted an aaa assessment of fiscal strength. Moody’s cited low debt, prudent fiscal policy, substantial reserves and strong institutions, while also pointing to labour shortages as the main challenge. The report forecasts real gross domestic product growth of 2.2% in 2026 and around 3% in the medium term.
In his final report to Parliament's Standing Finance Committee, Bank of Jamaica Governor Richard Byles said the central bank had maintained inflation and financial stability while advancing institutional reform. He pointed to inflation averaging 6 per cent since September 2019, no bank failures, reserves rising to USD6.4 billion, and Jamaica's 2024 removal from the Financial Action Task Force grey list. He also said Twin Peaks supervisory reform will soon go to Cabinet, while weak monetary transmission remains a structural challenge.
The European Banking Federation joined other employer and business groups in opposing the legislative annex to the INL report on psychosocial risks, stress and mental health at work. The joint statement says the annex is overly prescriptive and disproportionate, and urges Members of the European Parliament to reject it in favor of a non-legislative approach.
The U.S. Securities and Exchange Commission has appointed John Moses as director of its Office of Investor Education and Assistance after he served as acting director. He joined the SEC in 2016, became deputy director of the office in 2020, and will now permanently lead its investor education, outreach and fraud-awareness work.
The Bank of Uganda is recruiting one quantity surveyor for its Administrative Services department to manage cost estimation, bills of quantities, contract administration and budget control for building maintenance and related works. The role also covers contractor oversight, compliance checks and property valuation for staff building loan applications. Applications close on 26 June 2026.
The Egypt Financial Regulatory Authority has created a process for enforcing final court judgments and arbitral awards on centrally deposited securities that are not listed on the exchange. Applicants must file specified documents with the depository, which will check for any market impediments, transfer the securities and cash where required, complete settlement and report the completed transaction to the authority.
The Egypt Financial Regulatory Authority directed the Egyptian Insurance Pool for Railway Accident Risks to speed compensation payments after the Suez train collision. It raised compensation for each death to EGP 50,000 from EGP 30,000 and told the pool to contact families immediately and pay once documentation is complete.
The National Bank of Serbia said annual inflation rose to 3.5 percent in May from 3.3 percent in April, mainly because of higher petroleum product prices. Monthly inflation was 0.3 percent, while annual core inflation was 4.5 percent. The Bank expects inflation to stay within target until September, move slightly above the upper bound late in 2026 and early 2027, and return to target in mid-2027 if the energy shock proves temporary.
The State Bank of Vietnam's Regional Office 6 and Foreign Exchange Management Department held a business dialogue on amended rules for enterprises' offshore borrowing and repayment under Circular 80/2025/TT-NHNN. The event also introduced a new online debt management portal for foreign loans not guaranteed by the government. Officials answered operational questions and logged IT-related issues for further system improvements.
The Central Bank of Poland’s preliminary April 2026 balance of payments data showed a current account deficit of PLN 6.6 billion, wider than the PLN 1.1 billion deficit a year earlier. A PLN 14.7 billion services surplus was outweighed by deficits in goods trade and primary income, as imports rose faster than exports and foreign direct investors’ income reached PLN 13.6 billion.
The State Bank of Vietnam said its governor met Japan's ambassador to discuss stronger financial and banking cooperation, with emphasis on digital transformation, payments, artificial intelligence, risk management and anti-money laundering. The State Bank of Vietnam also raised cross-border QR code payments, while the Japanese side pointed to roughly 3,000 Japanese companies in Vietnam and signaled continued coordination on QR and AML initiatives.
The State Bank of Vietnam said Governor Pham Duc An has ordered faster implementation of Project NH.09B, with the aim of bringing it into operation from January 1, 2027. His directions focused on linking trial runs to actual production, accelerating equipment integration, controlling costs and completing acceptance, handover and legal procedures on time.
The Portuguese Insurance Regulator reported that Portugal's direct insurance production rose 18.2% in the first quarter of 2026, with life up 28.1% and non-life up 9.2%. Amounts paid increased 7.8%, driven by a 27.6% rise in non-life payments and a 162.5% jump in fire and other damage after the early-year storms. Investment assets reached EUR 57.2 billion, while estimated SCR and MCR coverage ratios fell to 195% and 509%.
The Portuguese Insurance Regulator's first-quarter 2026 pension fund report shows assets under management fell 0.73% from end-2025 to about EUR 19.7 billion, even as contributions rose 13.5% and benefits paid increased 11.1% year on year. The number of funds stayed at 238, while portfolios remained broadly stable with a higher share of public debt and a lower share of investment funds.
The Bulgarian National Bank announced that Prof. Nikolay Nenovsky has taken office for a second consecutive six-year term as a member of its Governing Council, effective June 13, 2026. The appointment was made by the President of the Republic. The bank framed the transition in the context of its role in the Eurosystem following Bulgaria’s euro area membership.
The National Bank of Ethiopia said it received a Central Banking Awards 2026 recognition for wholesale payments and market infrastructure development linked to its Central Securities Depository. The system supports electronic securities custody and settlement, including delivery-versus-payment in central bank money, and underpins Ethiopia’s monetary policy operations and capital market development. It currently serves more than 3,000 active traders, seven issuers and 41 participating institutions.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has launched seminars in Almaty for older citizens on financial literacy and fraud prevention through its Fingramota.kz project. The sessions cover scam detection, financial pyramids, deepfakes and protection of personal and banking data. The program is set to expand to other regions of Kazakhstan.
The International Monetary Fund said it has begun discussions with Mozambique on a possible Fund-supported arrangement after a mission to Maputo. The IMF described weak growth, rising inflation, fiscal and debt vulnerabilities, wider external imbalances and persistent FX shortages. Staff will return in the coming months to continue talks on the request and policy plans.
International Monetary Fund staff and Niger reached staff-level agreement on the ninth review of the Extended Credit Facility program. Executive Board approval is still required, with a decision expected in late July 2026, and completion would unlock SDR 24.0828 million, or about USD 33 million. The IMF said program targets were met and pointed to strong growth, a 2025 fiscal deficit within the WAEMU ceiling, and continued reform plans on public finances, transparency and the banking sector.
The Superintendency of Banks of Panama said the FECI Commission approved a specific interpretive criterion for agroindustrial activity covering the concept of agricultural raw material. The commission also reviewed broader FECI interpretive guidance, while the superintendency presented the fund's financial results as of March 31, 2026.
The Superintendency of Banks of Panama participated in a GAFILAT regional workshop on fintech, new technologies and AML/CFT controls. Discussions covered money laundering, terrorist financing, cybersecurity and consumer protection risks across GAFILAT's 18 member countries. The authority stressed responsible innovation, strong risk management and close public-private coordination.
The Central Bank of Brazil said financial education is a central part of its financial citizenship agenda and highlighted its ongoing initiatives in the area. It said Aprender Valor now reaches more than 150,000 education professionals and more than 30,000 schools, with a next step of expanding the program to secondary education.
The Central Bank of Uruguay adopted two measures to promote saving and lending in local currency. It will gradually cut reserve requirement rates on short-term peso and inflation-indexed liabilities to 12% from Sept. 1, 2026, and further adjust remuneration on foreign-currency reserves. Together, the measures are intended to shift incentives toward peso intermediation.
The Chile Financial Market Commission said it will publish the certificate for conventional current and maximum interest rates in the Official Gazette on June 15, with effect from that publication.
The Chile Financial Market Commission has filed charges with the Public Prosecutor's Office over 13 unregulated loan apps. It said the apps use extortive collection practices and show signs of usury. The apps were available through Google Play and other websites.
The Central Bank of Costa Rica said the Monthly Index of Economic Activity rose 3.4 percent year over year in April 2026, down 0.9 percentage points from a year earlier and the first sub-4.0 percent reading of 2026. The slowdown was mainly due to weaker special-regime activity, while the definitive regime grew 3.3 percent and contributed 80.4 percent of the overall increase. For January through April, output grew 4.1 percent from the same period of 2025.
In a National Bank of Moldova podcast, Governor Anca Dragu said Moldova's October 2025 entry into SEPA has cut euro transfer fees from tens of euros to around EUR 1 to EUR 3, generating EUR 8.8 million in savings by April. She also said the European Banking Authority's review of Moldova's banking-sector equivalence is in its second phase, with an on-site assessment still to come and a result expected this year.
The Argentina Securities Commission held a second market meeting on the regulatory framework for Labor Assistance Funds after the executive branch issued Decree No. 408/2026 implementing Law No. 27,802. The decree gives the commission responsibility for the design, authorization, supervision and oversight of FAL, including rules for authorized entities, investment vehicles, public offerings, registries, fund portability, fees and contribution-tracking systems.
The Luxembourg Ministry of Finance said ECOFIN agreed a position to extend the Carbon Border Adjustment Mechanism to downstream products and tighten anti-circumvention measures. Eurogroup and ECOFIN ministers also discussed euro area macroeconomic conditions, the market integration and supervision package, the Commission's spring European Semester package and the economic effects of Russia's aggression against Ukraine.
Senate Banking Committee Ranking Member Elizabeth Warren asked EXIM Chairman John Jovanovic to revise and resubmit written responses to questions following his March testimony on the bank’s reauthorization. She said his answers were incomplete and evasive on corruption safeguards, conflicts of interest, the firing of EXIM’s inspector general, Trump family links to EXIM financing, and Project Vault. Warren requested full responses as soon as possible.
The U.S. Financial Services Committee’s monetary policy task force held a field hearing on the structure of the Federal Reserve System. In prepared opening remarks, Chairman Frank Lucas defended the Fed’s federated model and highlighted the role of regional Reserve Banks, advisory bodies and rotating FOMC votes in bringing district and sector perspectives into policymaking.
The European Central Bank updated its end-2025 structural financial indicators for the EU banking sector. The data show bank offices fell 2.62% to 122,889 and employee numbers declined 0.80% across the EU. Banking sector concentration remained uneven, with the five largest institutions' asset share ranging from 34.37% to 95.2% across member states.
In a speech at the Co-op Congress, HM Treasury set out plans to appoint a Co-operatives and Mutuals Champion to raise the sector’s profile and represent its interests across government. The move forms part of the government’s commitment to double the size of the mutuals and co-operatives sector and sits alongside work on non-financial mutuals and proposed credit union common bond reforms.
The Montenegro Capital Market Authority has adopted a draft rule on the criteria and conditions for tied agents of investment firms and their registration. It would set appointment requirements, notification deadlines and the rules for the content, maintenance and accessibility of the tied agents register. A 14-day public consultation is open, after which the authority will finalize the text.
In a meeting with the Ministry of Finance, the Insurance Commission of the Bahamas said it has moved toward a more independent operating model and strengthened supervision through a larger team and new functions such as on-site inspections, complaints handling and compliance. It also highlighted priorities to strengthen insurance legislation, address pensions regulation, and develop frameworks for captive insurance and reinsurers.
Senator Elizabeth Warren, ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, used a statement ahead of SpaceX's IPO to press the SEC and index providers over investor protection concerns. She pointed to disputed valuation assumptions, governance terms that concentrate control with Elon Musk and the risk that index rule changes could push passive retirement investors into the stock.
The Financial Services Regulatory Authority of Ontario has warned consumers not to deal with Sam Kamra because he is not licensed to conduct mortgage brokering business in Ontario. FSRA said Kamra has reportedly arranged private mortgages and posed as a mortgage broker or expert, and that some consumers were pressured into signing illegal releases. Consumers who obtained a mortgage through him may file a complaint with FSRA.
The Bank of Central African States said CEMAC's real effective exchange rate excluding oil and gas fell 1.1% in first-quarter 2026, indicating improved price competitiveness after a 1.2% decline in the previous quarter. The gain was driven by a weaker nominal effective exchange rate and low regional inflation, with both export and import competitiveness contributing to the improvement. The bank said the second-quarter outlook is uncertain because higher oil prices and imported inflation could erode that advantage.
The French Financial Markets Authority has introduced CORE, a new risk-based desk review framework for financial investment advisers, and published lessons from 15 controls run in 2025. The main shortcomings involved cost and fee disclosures, the collection and operational use of clients’ sustainability preferences, and anti-money laundering and counter-terrorist financing controls. CORE reviews can end with remediation letters or be escalated into full inspections.
The Central Bank of Montenegro has launched the third and final cohort of its Women on Boards Montenegro programme with the European Bank for Reconstruction and Development. The 22 participants will receive training in corporate governance, regulation, finance, sustainability and leadership, bringing the total number trained through the programme to 65. Governor Irena Radović linked the initiative to Montenegro’s alignment with European corporate governance standards on gender representation in senior decision-making.
The Central Bank of the Republic of China reported that outstanding social financing reached CNY 458.81 trillion at end-May, up 7.7 percent year on year, while first-five-month new social financing totaled CNY 17.48 trillion. M2 grew 8.6 percent and CNY loans rose CNY 9.11 trillion over January to May, driven by corporate borrowing as household loans declined.
The European Central Bank approved a new short T2 settlement window for liquidity management during most weekends and potentially on TARGET closing days within the next two years, and it set the rollout path for the Integrated Reporting Framework for euro area banks. The IReF timetable provides for a draft regulation consultation in the second half of 2027, a one-year pilot from the second quarter of 2030 and first official reporting in 2031. The ECB also advanced Eurosystem balance sheet presentation changes, signaled compliance with ESG stress testing guidelines by 1 January 2027 and scheduled publication of its fourth climate disclosure reports for 15 June 2026.
In a letter to a Member of the European Parliament, the European Central Bank said its research points to an additional EUR 477 billion in annual green investment needs for the EU to meet its 2030 climate target. It also said banks are increasingly pricing climate considerations into lending and that private capital and more integrated European capital markets will be necessary to finance the transition. The ECB will continue monitoring the green transition, energy markets and electricity prices.
The National Bank of the Republic of Tajikistan released the results of a foreign exchange purchase auction held on June 12, 2026. It reported 15 participants and a weighted average rate of 9.3199 USD/TJS, with satisfied bids ranging from USD 50,000 to USD 13.4 million.
The European Fund and Asset Management Association has published its Annual Review 2025-2026, summarizing the main policy developments it covers alongside its research, statistics and outreach. The review spans key EU funds issues including retail investment, ELTIF 2.0, sustainability disclosures, liquidity management rules, T+1 settlement, tokenisation and AI.
The Canadian Public Accountability Board published an IFIAR comment letter on the IAASB’s review of ISA 540 Revised, saying the standard has improved clarity but only partially delivered in practice. IFIAR said audits of accounting estimates still show persistent deficiencies and called for further analysis of whether targeted revisions or more guidance are needed. The letter also flags challenges in auditing complex and AI-driven models.
The Dutch Authority for the Financial Markets said the Dutch AI Act implementing bill is workable in principle but needs changes to support effective supervision in finance. It flagged the proposed division of responsibilities with DNB, and said effective oversight will require clear powers, data-sharing arrangements, publication rules and sufficient capacity. The authority also said both supervisors should oversee prohibited AI uses and high-risk applications within their respective mandates.
The European Financial Reporting Advisory Group has told the GHG Protocol that its Actions and Market Instruments work needs clearer objectives and a narrower initial focus on critical greenhouse gas accounting issues. It recommended a phased approach, stronger alignment with existing standards and European Union policies, and safeguards against added complexity and greenwashing. A full draft AMI standard for public consultation is expected in 2027.
The Vietnam State Securities Commission has invited quotations for 2027 maintenance of its securities support chatbot. The application is used by commission staff, financial institutions and public companies for securities-related procedures, processes and operations.
The Vietnam State Securities Commission has told six individuals to pay a VND 1,000,000 fee to complete issuance of their securities practicing certificates. The fee may be paid by bank transfer or directly to the commission. If the certificate is not collected within one year of the notice, the commission will cancel it.
The Bank for International Settlements has published a working paper finding that the 2017 sale-of-business resolution of Banco Popular helped stabilize lending to affected firms. Other banks cut credit to riskier borrowers, but the acquiring bank preserved those relationships and reallocated lending within its own portfolio. The paper says the effectiveness of this resolution tool depends on the acquirer's capital strength and strategy.
The Republic of Serbia Securities Commission signed a cooperation agreement with the Faculty of Law of Union University in Belgrade on student education in capital markets, investment funds, financial instruments and digital assets.
The Dutch Central Bank has published two energy price stress scenarios alongside its Spring Forecast to show how prolonged high oil and gas prices could affect the Dutch economy. In the adverse scenario, inflation rises to 2.9% in 2027 with a modest growth slowdown, while in the severe scenario inflation peaks at 4.6%, growth weakens more sharply and unemployment rises above 5%.
The Dutch Central Bank's Spring Forecast sees Netherlands growth slowing to 0.8% in 2026 as higher energy prices and uncertainty curb spending and investment, while inflation eases to 2.7%. It expects the budget deficit to reach 3.3% of gross domestic product, above the European Union limit, mainly because of a one-off EUR 8.2 billion military pension reform cost. Growth is projected to recover gradually from 2027, but the outlook remains sensitive to Middle East developments and energy prices.
The Dutch Central Bank's spring forecast cuts Dutch GDP growth for 2026 to 0.8% from 1.2% projected in December, citing the war in the Middle East, weaker global trade and stagnant consumption. It raised the 2026 inflation forecast to 2.7% from 2.4%, while warning that a prolonged energy shock could push 2027 inflation to 4.6% in a severe scenario. The bank also called for lower fossil energy dependence, stronger business dynamism and prudent fiscal policy.
The National Bank of Ukraine has changed reserve requirement rules so that, from 10 August 2026, interbank repo funding from resident banks is excluded from the reserve base whether it is arranged directly or through a central counterparty. The exemption for central counterparty trades applies only where the underlying funds come from another resident bank, while funding sourced from non-resident-bank entities remains subject to reserve requirements.
The National Bank of Ukraine has extended settlement deadlines from 180 to 270 days for certain exports of pipes and railway components conducted from 15 June 2026. The measure applies to goods under codes 7304, 7305, 7306 and 8607 and takes effect on 13 June 2026.
The Montenegro Capital Market Authority has adopted nine draft by-laws for alternative investment funds and open-ended investment funds with public offering. The package covers delegation, digital operational resilience, ESAP disclosures, organizational requirements, European long-term investment funds, financial reporting changes and money market funds. A 14-day public consultation is open before the rules are finalized.
The Czech National Bank published commentary and updated quarterly and monthly balance of payments data for the Czech Republic. It stated that revisions triggered by data updates or methodology changes are made simultaneously across the relevant time series.
Czech National Bank Governor Aleš Michl said in a Bloomberg interview that the case for a June rate hike has strengthened and that a move at the June 18 meeting is a live possibility. He cited persistent domestic inflation pressures, including wage growth, services and housing prices, and money supply growth, with core inflation still at 2.9%. Any increase would calibrate an already restrictive stance rather than mark a broader policy shift.
Norway's Department of Finance has proposed amending the Securities Funds Act to let securities fund managers use revenue-sharing agreements with larger clients. The agreements would have to be individually negotiated and remain within existing legal and conduct requirements. The proposal follows a Finanstilsynet consultation carried out at the department's request.
In a London speech, a Central Bank of Latvia deputy governor said central banks and supervisors must treat digitalization, cyber risk, payment infrastructure and cloud dependencies as core financial stability issues. The remarks argued for a European model of trusted innovation, citing MiCA and highlighting AI governance, tokenization and wholesale central bank digital currencies as key policy areas. The speech also said geopolitical fragmentation and operational resilience are reshaping reserve management and the broader role of central banks.
The Central Bank of Latvia has licensed SIA Fibonatix as a payment institution, allowing it to provide payment acceptance services to merchants. Latvia now has nine licensed payment institutions, and the central bank has issued 12 licences to financial market participants this year.
The European Financial Reporting Advisory Group approved a set of governance and sustainability reporting appointments, including Simon Braaksma as vice-chair of the Sustainability Reporting Board and Brunno Maradei to the Sustainability Reporting Technical Expert Group. It also extended Benoît Jaspar's term as Administrative Board president until 31 December 2026 and confirmed Georg Lanfermann as vice-president. Other changes include new members for the Nominating Committee and Administrative Board from 1 July and 1 August 2026.
The Central Bank of Cyprus has issued its first 2025 statistical report on pension funds, showing that the sector remains fragmented even after the number of funds fell by more than 30% following the Occupational Retirement Benefit Law. Defined contribution schemes make up more than 80% of funds, and about 20% of the total value of defined benefit schemes is still estimated to be underfunded. The report will be published annually.
The Central Bank of Cyprus has launched its Economic Briefs series, with the first note focusing on how historic European Central Bank rate hikes reveal shifting dynamics in monetary policy transmission.