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2026-05-27•United States•U.S. Securities & Exchange Commission
A U.S. Securities and Exchange Commission Commissioner, speaking personally, argued that privacy-enhancing technologies should play a larger role in financial regulation, particularly in crypto, and that privacy and investor protection can reinforce each other. She suggested allowing transfer agents to record that securities reside on a blockchain at a public address instead of collecting investors’ home addresses, and invited firms developing tools that meet Know Your Customer and anti-money laundering requirements while limiting personally identifiable information to engage with the SEC Crypto Task Force.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2026-05-27•Comoros•Central Bank of Comoros
The Central Bank of Comoros has published a relaunched call for applications for an international consultant to draft the banking law of the Union of the Comoros. The notice says the assignment will support the FSRP-KM project unit in preparing project P512649, with applications due by June 15, 2026 at 14:00.
Institutional developmentWorkforce & recruitmentOther
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2026-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission fined Eduardo Garcia de Souza BRL 210,000 for unauthorized securities portfolio management under Article 2 of CVM Resolution 21 and Article 23 of Law 6.385/76, with the decision appealable to the National Financial System Appeals Council. In a separate case on alleged fraudulent transactions involving CABOPREV resources and executives linked to Petróleo Brasileiro S.A., the board removed the matter from the agenda to review new evidence and testimony, with judgment to return later.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-27•Guatemala•Bank of Guatemala
The Monetary Board of the Bank of Guatemala unanimously kept the monetary policy rate at 3.50%, citing inflation within target and a still-positive domestic growth outlook despite higher external uncertainty and imported price pressures. Headline inflation rose to 3.24% in April 2026 from 2.50% in March but remained within the 4.0% plus or minus 1 percentage point target, and the Board said inflation is still expected to stay on target in 2026 and 2027 despite upside risks from the Middle East conflict, El Niño and a potentially prolonged fuel and energy supply shock.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-27•Global•Bank for International Settlements
The Bank for International Settlements published a working paper finding that the Basel III Liquidity Coverage Ratio reduced US banks’ wholesale funding costs from money market funds and shifted funding toward longer maturities. Banks with larger pre-regulation Liquidity Coverage Ratio shortfalls saw greater declines in funding costs, particularly for instruments with maturities of 31 days or more, and increased their borrowing volumes and tenors.
Research
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2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova is drafting an Executive Board decision to approve an instruction on reporting annual and consolidated financial statements for insurance and reinsurance undertakings, including branches from third countries, to transpose Council Directive 91/674/EEC. The project aims to align national financial reporting with EU standards, enhance transparency and comparability of insurers’ financial statements, and support integration of Moldova’s insurance market into the European space in line with EU accession commitments.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova will host the 38th annual conference of the Group of Banking Supervisors from Central and South-Eastern Europe in Chisinau on 28–29 May 2026, focusing on supervisory cooperation and adapting oversight to rapid digital transformation in the financial sector. Under Moldova’s BSCEE presidency, the event will review the annual report, discuss network development priorities, and consider rule amendments to strengthen confidentiality and secure information exchange among member states.
SupervisionCooperationCross-border cooperation
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2026-05-27•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission has published a Sustainable Finance Notebook finding that Italian issuers, especially non-financial corporates, can raise funding more cheaply with sustainable bonds, as investors accept lower yields for ESG-labelled debt. Based on more than 3,300 bonds outstanding in June 2025, the study estimates sustainable bond yields at issuance are on average 1 percentage point below comparable conventional bonds, implying a funding-cost advantage of about 23%, and notes that stronger issuer ESG ratings further reduce funding costs.
ResearchESG
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2026-05-27•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported that April 2026 check clearing volumes and values fell month on month, while the dishonored-check ratio by volume edged up to 0.08%. The value share of dishonored checks declined to 0.27%, driven by fewer large-value defaults, while corporate accounts’ share of dishonored checks increased and personal accounts’ share decreased.
Data & statisticsFinancial and market indicators
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2026-05-27•Guatemala•Bank of Guatemala
Bank of Guatemala’s Monetary Board on 27 May 2026 kept the policy rate at 3.50 % for a second consecutive meeting, seeing April inflation at 3.24 % y/y as on course to stay within the 4 % ± 1 pp target through 2027. While domestic growth remains solid, the board flagged rising global oil costs and possible El Niño impacts as upside inflation risks and said it stands ready to tighten if needed.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-27•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission has consulted on revising fees for collective investment management entities, including management companies and funds, with charges differentiated by type, category and size and capped at EUR 45,000. The proposal updates the methodology for annual fees, amends authorisation and material change fees, introduces new disclosure requirements and removes certain obsolete notification obligations, as part of a broader effort to align fees with supervised activities and strengthen CySEC’s financial autonomy.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-05-27•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has finalised the transfer of key Capital Requirements Regulation definitions into the PRA Rulebook Glossary, with consequential amendments and updates to Supervisory Statement 15/13 on groups. The policy mainly introduces drafting and clarification changes, including updated definitions of branch, recognised exchange, securitisation and certain regulatory capital instruments, and clarifies market value for some physical collateral. The changes apply to PRA-authorised UK banks, building societies, PRA-designated UK investment firms and their qualifying parent undertakings, and take effect on 1 January 2027 alongside Basel 3.1.
Policy & regulationRules & requirementsPrudential risks
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2026-05-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank and the Dutch Payments Association report a further decline in cash at point of sale in 2025, with cash falling to 17% of checkout payments and card use rising to 83%, while total transactions edged down to 7.1 billion but value increased to EUR 185 billion. The study highlights growing use of debit cards for small purchases, declining traditional card insertion, and increased mobile and smartwatch payments. It also notes a marked shift to digital payments among people aged 75 and over and more electronic transfers for informal payments.
Data & statisticsCurrency and cash management
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2026-05-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority is inviting applications from senior practitioners at smaller regulated firms in the general insurance and consumer credit sectors to join its Smaller Business Practitioner Panel. The panel provides independent advice and challenge from the perspective of smaller firms to support the FCA’s strategic and operational objectives during a period of regulatory change in UK financial services.
Institutional developmentCooperation & capacity buildingHiring and recruitment
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2026-05-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority’s supervisory review found some authorised firms approving financial promotions for unauthorised businesses are failing to protect consumers, including by approving unsubstantiated claims, exposing retail investors to promotions intended for professional clients and relying on third-party templates. The review of 10 firms, focused on Buy Now Pay Later, crowdfunding and corporate finance promotions, has led to one remediation exercise and blocking some websites to retail customers, while the strongest firms applied the Consumer Duty from the outset. The FCA will continue to monitor compliance and hold firms to account.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-05-27•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets reported that the Trade and Industry Appeals Tribunal has fully dismissed an external auditor’s appeal against a 2022 disciplinary ruling, confirming that two of his audit opinions were unreliable and upholding his three-month removal from the registers. The tribunal agreed that the auditor failed to obtain sufficient and appropriate audit evidence, did not exercise adequate professional scepticism and improperly altered an audit file, and found the sanction proportionate to the misconduct.
EnforcementInvestigations & enforcement actionsAuditing
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2026-05-27•Russia•Central Bank of Russia
The Central Bank of Russia reported faster corporate lending growth in April, a rebound in household deposits, modest mortgage expansion and broadly flat consumer credit, alongside lower profitability. Corporate loans, including bonds, rose 1.9% month-on-month and 12.8% annualised, while mortgages grew 0.4% month-on-month and 10.5% annualised, with subsidised mortgages at around 60% of new issuance and the consumer loan portfolio contracting. The banking sector posted RUB 348 billion in profit in April, down 22% from March, with a total financial result of RUB 369 billion reflecting positive revaluation of debt securities in equity.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-27•Russia•Central Bank of Russia
The Central Bank of Russia’s 2025 pawnshop market review reports lending volumes grew faster than the customer base, with agreements up 13% to 19 million and clients up 3% to 2.16 million, driven mainly by repeat borrowers. From 1 April 2026, the maximum effective rate on consumer loans issued by pawnshops was cut from 130% to 100% of the loan amount. The review notes that 85% of loans are repaid, nearly 95% are secured by jewellery, and the average loan size rose from RUB 21,000 to RUB 27,000 in 2025.
Policy & regulationRules & requirementsLending
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2026-05-27•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance and Ministry of Social Cohesion and Family confirmed that 31 May 2026 is the final date for entry into the My Home II programme, after which no new applications or electronic eligibility certificates via gov.gr will be accepted. The deadline for signing loan agreements between beneficiaries and banks remains 31 August 2026.
Policy & regulationRules & requirementsOther
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2026-05-27•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau reported that Secretary Christopher Hui led a delegation to Shenzhen for the fourth meeting of the Shenzhen-Hong Kong Financial Co-operation Committee, which reviewed market developments, co-operation initiatives and proposals to deepen a shared market. The meeting underscored fintech integration, support for Shenzhen listings in Hong Kong, cross-boundary schemes such as Stock Connect, Bond Connect and Wealth Management Connect, and co-operation in gold and green finance. Hui urged closer regulatory alignment and greater use of finance to support the real economy and technology sectors, while Shenzhen officials highlighted future priorities in technology finance, outbound enterprise support, expanded wealth management and financial risk controls.
Policy & regulationCooperationDomestic cooperation
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2026-05-27•Australia•Reserve Bank of Australia
The Reserve Bank of Australia’s Carolyn Hewson outlined how the Monetary Policy Board makes decisions under uncertainty, stressing that its dual mandate of low, stable inflation and high employment is complementary over time. Policy judgements draw on staff analysis, financial market indicators, business and community liaison, and internal debate. The Board uses a broad set of financial conditions indicators to assess whether policy is expansionary, neutral or restrictive, without relying on any single measure. Hewson said the current Middle East conflict is lifting inflation via higher energy prices but is expected to have a more limited impact on activity than past oil shocks, with a modest, uneven hit to household real incomes and ongoing monitoring of second-round effects.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-27•Europe•European Central Bank
The European Central Bank’s Financial Stability Review finds that strictly applied redemption gates and anti-dilution levies in open-ended funds can reduce tail losses, protect fragile funds and limit fire-sale spillovers without materially affecting banks’ capital ratios. Using a system-wide agent-based model based on the 2025 EU-wide stress test adverse scenario, the ECB shows that a 2% redemption gate and anti-dilution levies capped at 2% modestly lower sector redemptions and reallocate outflows towards more resilient funds, with anti-dilution levies having the larger impact. The ECB cautions that the model does not capture potential drawbacks such as pre-emptive redemptions or signalling effects.
ResearchLiquidity riskFinancial stability and systemic risk
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2026-05-27•Europe•European Central Bank
The European Central Bank’s Financial Stability Review warns that stretched valuations in US technology and artificial intelligence equities are a key financial stability vulnerability for the euro area, given investors’ growing exposures via investment funds. Euro area holdings of US equities have quadrupled over the past decade, with about 70% of the increase driven by valuation effects, and flows into US technology funds are highly sensitive to macroeconomic, monetary policy and risk shocks. The ECB cautions that weaker-than-expected AI outcomes or worsening geopolitics could trigger outflows, forced asset sales and spillovers to euro area corporate funding and household wealth.
ResearchAsset qualityFinancial stability and systemic risk
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2026-05-27•Europe•European Central Bank
The European Central Bank’s May 2026 Financial Stability Review finds euro area financial stability vulnerabilities remain elevated amid the Middle East war, energy disruptions, and persistent trade and cyber risks, with pressure points in sovereign and market sentiment, non-bank financial institutions, and bank credit and funding. It highlights elevated asset valuations, liquidity and leverage risks in parts of the non-bank sector, and potential spillovers to banks despite robust capital and liquidity. The ECB urges maintaining bank macroprudential buffers, implementing non-bank reforms, strengthening supervisory and macroprudential frameworks, and closing data gaps, including in private credit.
ResearchGeopolitical riskFinancial stability and systemic risk
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2026-05-27•Europe•European Central Bank
The European Central Bank’s May 2026 Financial Stability Review finds euro area financial stability has weakened as the war in the Middle East triggers an adverse energy supply shock and heightens trade, fiscal and cyber risks. It highlights risks from abrupt repricing in financial and sovereign debt markets, liquidity and leverage vulnerabilities in the non-bank sector, and spillovers to banks. The review calls for maintaining releasable bank capital buffers, applying borrower-based measures to safeguard lending standards, and strengthening EU macroprudential, supervisory and data frameworks for non-banks.
ResearchFinancial stability and systemic riskGeopolitical risk
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2026-05-27•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group will host a symposium at the European Accounting Association’s 2026 congress in Prague on whether more structured, comparable corporate information for start-ups and scale-ups can ease financing constraints for European SMEs. Requested by the European Commission, the event will examine a voluntary key information disclosure template and how proportionate summarised reporting could improve transparency, support investment decisions and strengthen Europe’s risk capital markets, drawing on EFRAG’s work on a voluntary sustainability reporting standard for SMEs.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2026-05-27•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre announced that the Federal Court imposed civil penalties of AUD 50,000 on Castra Licensee Pty Ltd and AUD 45,000 on Princeton Securities (NSW) Pty Ltd for failing to pay infringement notices for alleged breaches of the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. The Court also ordered Castra to pay AUD 15,000 in costs and Princeton AUD 5,000, noting both firms’ admissions of liability and cooperation.
EnforcementInvestigations & enforcement actionsAML and CFT
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2026-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has submitted to the Ministry of Finance a plan with 22 measures for the emergency restructuring of its supervisory activity, prepared in response to the Supreme Court’s interim order in Direct Action of Unconstitutionality 7.791. The plan assumes a significant budget increase and sets out actions on staffing, organisational redesign, technology and supervisory tools, including expanded use of artificial intelligence, enhanced market abuse detection, broader fund industry oversight and systematic audits of FIDCs and single-class funds.
Institutional developmentMandate & organizational structureOperational excellenceOrganizational structure
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2026-05-27•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on DNB’s UK operations, identifying high operational risk in the London branch and calling for stronger governance, non-financial risk documentation and a more holistic risk view. It highlights critically high risks in external fraud, data management and key-person risk in IT, as well as operational risks from outsourcing know-your-customer processes to DNB Riga and heightened geopolitical risks for clients in international trade. DNB will introduce quarterly credit risk reports to the Management Committee from the second quarter of 2026 and strengthen anti-money laundering and counter-terrorist financing considerations in decision memoranda and branch controls.
SupervisionReviews, inspections & stress testsAML and CFTOperational risk and resilience
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2026-05-27•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on Revisorene Helberg og Øverås AS identifying serious breaches of audit law in audits of the 2024 and 2025 annual accounts, including gross deficiencies in going concern assessments, inventory testing, related-party transactions and fraud-risk procedures. The authority noted improvements in the 2025 audit work and decided not to revoke the approval of one state authorised auditor, but will continue to follow up the firm, which has engaged another audit firm for an external quality review.
SupervisionReviews, inspections & stress testsAuditing
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2026-05-27•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has launched the second year of its “Insurefluencer the new GEN 2026” programme to expand insurance literacy, risk management awareness and financial planning skills among secondary and vocational students. The 2026 programme centres on Boot Camp activities, mandatory insurance training for at least 100 students per institution, and community outreach, with participants submitting activity reports and videos for regional and national competitions. The national winner will receive up to THB 80,000 in education funding and an e-certificate.
Financial literacy & educationOther
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2026-05-27•New Zealand•Serious Fraud Office
The New Zealand Serious Fraud Office reported that Christopher Peters pleaded guilty in the Auckland District Court to four charges of obtaining by deception relating to a NZD 4.47 million mortgage fraud and one charge relating to a NZD 1.8 million investment fraud involving false representations to banks and an investor. The Crown offered no evidence against his brother Robert Peters, whose charges were dismissed, while co-defendants Francis Peters and Gur Raj Bhachu had previously pleaded guilty and been sentenced.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-27•New Zealand•Reserve Bank of New Zealand
Reserve Bank of New Zealand’s Monetary Policy Committee kept the Official Cash Rate at 2.25 percent, noting 3.1 percent inflation projected to peak at 4.3 percent in September amid weak demand, falling confidence and a –1.3 percent output gap. It judged risks skewed to higher inflation and signalled the OCR will “most likely” need to rise sooner and by more than envisaged in February, depending on wage- and price-setting versus demand softness.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-27•Australia•Australian Securities & Investments Commission
ASIC Chair Joe Longo signalled an ambition to make ASIC’s regulatory sandbox more supportive, including a clearer path from innovation to licensing and closer coordination with the Reserve Bank of Australia and other regulators. He said rapid advances in artificial intelligence, payments and digital assets require regulators to deepen their technology capabilities while applying existing law, and noted ASIC has been addressing its technology debt and expanding its use of AI tools.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory sandbox
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2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has used new financial market infrastructure powers to declare Euroclear Bank SA/NV has a material connection to Australia, bringing it within the domestic clearing and settlement facility licensing regime and granting a temporary exemption while it prepares a licence application. The decision follows ASIC’s assessment and consultation with the Reserve Bank of Australia, reflecting Euroclear’s role in Australia’s debt securities market and in providing cross-border settlement and custody services, including for Australian Government bonds.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has opened a consultation on remaking six legislative instruments that provide relief for various managed investment schemes, proposing to extend them for five years beyond their 1 October 2026 expiry with only minor clarifying amendments. ASIC also proposes to remove certain transitional provisions, including section 6 of the Attribution Managed Investment Trusts instrument, and is seeking specific feedback on the horse schemes instrument.
Policy & regulationRules & requirementsOther
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2026-05-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has finalised a three-tier proportionality structure for the banking prudential framework, including a new Most Significant Financial Institutions tier for banks with more than AUD 300 billion in assets and an increased Significant Financial Institution threshold to AUD 30 billion. Banks moving into a higher tier will receive a 12-month transition period before stricter prudential settings apply, with additional time for non-SFIs where appropriate. The changes form part of APRA’s response to the Council of Financial Regulators’ review of small and medium-sized banks and are implemented via updates to CPS 001.
Policy & regulationRules & requirementsPrudential risks
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2026-05-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority warned that the total and permanent disability insurance model is under strain from rising mental health claims but does not plan to prescribe product definitions or adjust capital. A thematic review and joint roundtable with the Australian Securities and Investments Commission identified needed improvements in claims handling for complex cases, product design for episodic conditions, and stakeholder alignment in group insurance. APRA will continue thematic reviews, share better practices, convene industry stakeholders and engage with government on legislative settings affecting product sustainability.
Policy & regulationGuidance & interpretationOther
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2026-05-27•South Korea•Bank of Korea
The Bank of Korea published preliminary data showing Korea’s net international investment position declined by USD 132.1 billion in Q1 2026 to USD 753.6 billion, as external liabilities grew faster than assets. External assets rose USD 15.0 billion to USD 2,882.6 billion, while foreign investment in Korea increased USD 147.1 billion to USD 2,129.0 billion. Net external assets in debt instruments fell by USD 7.6 billion to USD 365.5 billion and the short-term external debt ratio to reserve assets stood at 43.3%.
Data & statisticsBalance of payments and other external statistics
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2026-05-27•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported that aggregate net income of 52 insurers rose 9.5% year-on-year to KRW4.4817 trillion in the first quarter of 2026, driven by a 40.6% increase in life insurers’ earnings, while nonlife insurers’ net income declined. Premium income grew 6.0% to KRW66.4884 trillion, sector return on assets improved to 1.33% and return on equity fell to 10.03%, with aggregate assets reaching KRW1,353.9 trillion. The authority said it will monitor earnings and financial stability risks and guide insurers to respond preemptively amid market uncertainty.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-05-27•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has joined Gemini Trust Company LLC in seeking to vacate the prospective provisions of the January 2025 consent order in CFTC v. Gemini Trust Company LLC, while leaving intact non-prospective terms already satisfied, including the civil monetary penalty. Following an internal review, the CFTC concluded the June 2022 complaint should not have been filed under current enforcement standards, citing reliance on a non-credible whistleblower, evidentiary weaknesses, concerns over Gemini’s status as a fraud victim, and internal failures.
EnforcementInvestigations & enforcement actionsWhistleblowing
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2026-05-27•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has filed a civil enforcement action in the U.S. District Court for the Southern District of New York against Swiss resident and former Google software engineer Michele Spagnuolo, alleging insider trading on Polymarket.com using nonpublic information about Google’s 2025 “Year in Search” list. The CFTC claims he traded at least 23 related prediction market contracts with near-perfect accuracy under the handle AlphaRaccoon, generating about USD 1.2 million in profits, and seeks restitution, disgorgement, civil monetary penalties, and a permanent injunction.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-27•United States•Federal Reserve Board
Federal Reserve Governor Lisa D. Cook said elevated risks to inflation and employment argue for holding rates steady, noting risks still tilt toward higher inflation and she is prepared to raise rates if disinflation stalls or ease if the labor market weakens. She said artificial intelligence (AI) investment could add to price pressures and labor-market churn even as it boosts productivity in financial services, and warned AI may amplify financial stability risks. Cook outlined how the Fed is using AI in financial-stability analysis, including new technology-risk teams, smaller AI models, and systemwide agentic AI experiments.
Monetary policyMonetary policy assessments & outlooksArtificial intelligence
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2026-05-27•United States•Federal Reserve Board
Federal Reserve Vice Chair Philip N. Jefferson expects U.S. growth to moderate in 2026 as higher energy costs weigh on households, with inflation elevated but projected to decline as tariff and energy effects fade. He said the Federal Open Market Committee’s decision to keep the federal funds target range at 3-1/2 to 3-3/4 percent leaves policy well positioned, while noting labor market downside risks and inflation upside risks. Jefferson cited higher energy prices, artificial intelligence advances, and disrupted trade flows as key global developments and reiterated the commitment to the 2 percent inflation target.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-27•Global•International Monetary Fund
The IMF completed the combined fifth and sixth reviews of Sri Lanka’s 48‑month Extended Fund Facility, unlocking SDR508 million and bringing total disbursements to SDR1.778 billion under the SDR2.286 billion arrangement. The Board noted strong implementation but a weaker outlook from external shocks, endorsed temporary fiscal easing in 2026 with a return to the primary balance target from 2027, and urged completion of fiscal, investment and electricity reforms, sustained revenue mobilization, price stability-focused monetary policy, greater exchange rate flexibility, and gradual removal of balance-of-payments measures. It said debt restructuring is nearly complete but debt sustainability risks remain high.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2026-05-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that the court ordered Westpac Banking Corporation to pay AUD 26 million in civil penalties for failing to respond within the legal timeframe to more than 200 online financial hardship requests between 2017 and 2023. The court found gross negligence arising from inadequate systems and operational failures, noting serious undermining of the legislative hardship regime and adverse impacts on vulnerable customers, including incorrect credit reporting and debt sales. Westpac admitted contraventions of the National Credit Code and National Credit Act and has paid over AUD 1.7 million in remediation.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-05-27•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Banking Committee Minority Staff, led by Ranking Member Elizabeth Warren, released a report alleging President Trump’s China trip primarily advanced his and his billionaire allies’ financial interests rather than U.S. workers, farmers, and households. The report cites extensive campaign donations by participating CEOs, failure to secure relief from China’s unfair trade practices while imposing tariffs estimated to cost American families USD 2,500 on average this year, and links NVIDIA CEO Jensen Huang’s inclusion in the delegation to subsequent approval of advanced AI chip sales to China despite military concerns.
ResearchOther
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2026-05-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president outlined rules for virtual asset service providers and the tokenization regime as the core of its current approach to regulating crypto-related activity and tokenized markets at a FinLaw Association technical meeting. He said these frameworks aim to support a more transparent market environment and improve efficiency, traceability and access, while maintaining clear and modern regulation, in a discussion focused on regulatory perimeter, operational compliance, supervision, and international competition.
Policy & regulationGuidance & interpretationFintech and insurtechTokenization
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2026-05-27•South Korea•Bank of Korea
The Bank of Korea’s May 2026 Business Survey and Economic Sentiment Index show broad improvement in business and private sector sentiment, with the all-industry Composite Business Sentiment Index rising 4.0 points to 98.9 and the Economic Sentiment Index up 5.8 points to 97.5. Manufacturing CBSI increased to 100.8 and non-manufacturing to 97.5, supported by better business conditions, production, new orders and profitability, while the cyclical component of the Economic Sentiment Index remained unchanged at 95.2.
Data & statisticsEconomic data and developments
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2026-05-27•Kyrgyzstan•Ministry of Finance (Kyrgyzstan)
The Ministry of Finance of the Kyrgyz Republic announced the arrival of a Chinese Ministry of Finance delegation, led by Vice Minister Liao Min, for a working visit. The delegation will attend the Bishkek meeting of Shanghai Cooperation Organisation finance ministers and central or national bank governors and the third consultative council on establishing the Shanghai Cooperation Organisation Development Bank, where Liao Min serves as co-chair.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has mandated all financial institutions to submit quarterly sex-disaggregated data on financing to micro, small and medium-sized enterprises, including ownership composition and credit application outcomes. The measure, which builds on a voluntary WE Finance Code pilot involving 26 institutions representing about 97% of system assets, aligns with Organisation for Economic Co-operation and Development standards and will support reporting of disaggregated indicators to the organisation.
SupervisionRegulatory reportingDiversity and inclusion
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2026-05-26•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the fifth National Forum of Regulators in Luanda, organised by the Competition Regulatory Authority, on how competition and regulation affect price stability in Angola. Discussions covered the interaction between competition policy and market regulation, including factors influencing price stability and the effects of competition in regulated sectors, and aimed to promote experience-sharing and closer cooperation among regulators.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported on a joint press conference where Finance Minister Katayama and Bank of Japan Governor Ueda outlined the G7 Finance Ministers and Central Bank Governors’ communiqué on the economic and financial impact of Middle East tensions, non-market policies, critical minerals supply chains and financial technology, including frontier AI. It highlights risks from energy, food and fertilizer disruptions, calls for safe navigation through the Strait of Hormuz, supports enhanced IMF monitoring of global imbalances, and restates the May 2017 exchange rate commitment. Ueda noted emerging effects of the Middle East shock on Japan’s exports, industrial activity and prices, and said the Bank of Japan will assess bond market conditions and its government bond purchase reduction plan at the June interim evaluation.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency summarized Minister Katayama’s explanation to the House of Councillors on the report to the National Diet regarding measures under Article 5 of the Act on Emergency Measures for the Rehabilitation of Financial Functions. From April 1 to September 30, 2025, there were no new dispositions, monetary gifts or asset purchases by the Deposit Insurance Corporation, while cumulative monetary gifts remained at JPY 19.031 trillion, cumulative asset purchases at JPY 6,519.2 billion, and government-guaranteed borrowings at JPY 344.5 billion.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2026-05-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has published for comment a draft amendment to the Regulations on the Accounting of Investment Corporations. The proposal would permit investment corporations to deliver asset management reports and related documents to investors by posting them on a website.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-05-26•United States•U.S. Department of Justice
The U.S. Department of Justice sentenced Greg Lindberg, founder and chairman of Eli Global LLC and owner of Global Bankers Insurance Group, to 12 years in prison for a bribery conspiracy and multibillion-dollar fraud and money laundering scheme that bankrupted multiple insurance companies. Lindberg and co-conspirators allegedly diverted more than USD 2 billion of insurance company funds into affiliated entities, concealed their true financial condition, and paid millions to influence the North Carolina insurance commissioner, leaving victims owed over USD 1 billion and prompting rehabilitation and liquidation proceedings.
EnforcementInvestigations & enforcement actionsBribery and corruptionFraud and scams
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2026-05-26•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services reported that Nuevo León accounted for 4.3% of national complaints in the first four months of 2026, with 4,122 cases, a 14.7% year-on-year increase, and MXN 14.1 million recovered, while 41.9% of cases were resolved in users’ favor. Multiple banking institutions generated 67.3% of complaints, mainly related to unrecognized charges and abusive collection practices, with credit cards, debit cards and personal loans driving most cases and 33.8% of all complaints involving possible fraud.
Data & statisticsComplaints and dispute resolution
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2026-05-26•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
The Ministry of Finance of Trinidad and Tobago met with the Bankers Association of Trinidad and Tobago to review market conditions, the state of the economy and collaboration with the Central Bank and banking sector, including proposed legislative improvements for the financial sector. The ministry described the engagement as constructive, with participants stressing continued dialogue, practical collaboration, market stability and public confidence, and linked it to a broader consultation programme with key stakeholders.
Policy & regulationCooperationDomestic cooperation
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2026-05-26•Russia•Ministry of Finance (Russia)
Russia’s Ministry of Finance reported Deputy Prime Minister Dmitry Chernyshenko urging closer coordination among “global majority” countries to counter technological and informational dominance, unequal economic relations, rising digital financial threats, and to expand access to AI development. He highlighted financial security education initiatives, including the International Financial Security Olympiad and Movement, and new institutional support such as the MGIMO-coordinated Value Sovereignty research centre, which will develop an international value sovereignty index.
Policy & regulationReform agendas & prioritiesGeopolitical risk
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2026-05-26•Canada•Canadian Bankers Association
The Canadian Bankers Association told a parliamentary committee it supports draft French-language regulations for federally regulated private businesses but wants compliance flexibility for banks. It highlighted challenges for smaller institutions and for hiring in some designated francophone regions. The association also called for a substantial implementation period and plans to participate in the consultation.
Policy & regulationOther
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2026-05-26•Spain•Bank of Spain
The Bank of Spain’s 2025 Financial Inclusion Report finds that in-person access to banking services and cash improved between 2021 and 2024, driven mainly by mobile branches, despite fewer branches and ATMs. Municipalities and people without access fell significantly, especially older people and rural communities, though 32.4% of municipalities still lack access. The report highlights persistent barriers for irregular migrants, including scarce basic payment accounts and anti–money laundering constraints, and calls for stronger financial education, easier account access, product and practice changes, and notes supporting measures in the draft law on the Financial Customer Ombudsman Authority.
ResearchFinancial inclusion
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2026-05-26•Global•World Federation of Exchanges
The World Federation of Exchanges has published draft Transition Equity Principles, an industry-backed framework for exchanges to establish Transition Equity Designations for listed companies on credible decarbonisation pathways, aiming to improve capital access and provide investors with decision-useful information. Developed by the WFE Sustainability Working Group with input from its Transition Equity Principles Consultative Committee, the draft builds on the WFE Green Equity Principles and its Practical Guide for Issuers on Accessing Transition Finance, and seeks to bring clarity, consistency and rigour to transition equities.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable financeGreen taxonomy
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2026-05-26•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia announced a gradual rollout of the instant payments system across the public sector with banks, savings banks and payment systems operator Bankart, extending the application of the Instant Payments Regulation. The Slovenian Pension and Disability Insurance Institute will use instant payments for pensions from 29 May, with all domestic SEPA credit transfers to migrate to the instant payments system and the existing pension payment system to be discontinued by the end of September.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-05-26•San Marino•Central Bank of San Marino
The Central Bank of San Marino shareholders’ meeting approved the 2025 Annual Report, reporting net profit of EUR 11.17 million, the highest since 2010, and allocated the full amount to the General Financial Risk Fund, raising equity to EUR 64.12 million. The bank cited higher net interest income and financial operations as key drivers, alongside balance sheet growth to EUR 857.66 million and strengthening of the domestic banking sector, and reappointed Monica Zafferani as Statutory Auditor for a further three-year term.
Institutional developmentGovernanceOperational excellence
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2026-05-26•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority warned that individuals are falsely claiming to represent Jade Capital OEIC Ltd and circulating a fabricated AFSA licence while offering financial services and taking client funds. AFSA clarified that the licence was never issued, that Jade Capital OEIC Ltd is only registered as an investment fund, and reminded the public that under the Astana International Financial Centre framework only the fund manager may hold the licence and that authorisations should be verified via its Public Register.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-05-26•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
The Trinidad and Tobago Ministry of Finance has extended the mandatory registration deadline for the Landlord Business Surcharge to June 30, 2026, to allow landlords and rent-collecting agents more time to register and avoid penalties. The surcharge, introduced under the Finance Act, 2025, applies at 2.5 percent or 3.5 percent of actual gross quarterly rental income depending on whether income is at or below, or above, TT$20,000, carries a one-time TT$2,500 registration fee, and is payable quarterly. Registration forms are available via the Inland Revenue Division website, with completed physical forms and supporting documents accepted only at the Port of Spain, San Fernando, Tunapuna and Tobago regional offices.
Policy & regulationRules & requirementsLicence approval
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services published results of its 2025 financial transparency review of eight regulated multiple purpose financial companies (SOFOM E.R.) offering current account credit and personal loans, finding that none met the transparency standard. The review identified persistent deficiencies in disclosure of commissions, complaint and contract termination procedures, account statements and receipts, website information, and product-specific terms, despite some score improvements after remediation. CONDUSEF said the breaches remain subject to sanctions and that it will continue supervisory work on financial transparency.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency review of payroll loans from eight unregulated multiple purpose financial institutions, finding six compliant after remediation and awarding them the maximum score of 10, with the average score rising from 5.1 to 8.9. The review focused on disclosure in contracts, statements, websites and advertising, identified widespread deficiencies in key terms and required disclosures, and did not assess pricing or product value. CONDUSEF said remediation does not preclude sanctions and that it will continue supervisory actions.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency supervision of 13 unregulated multiple-purpose financial companies offering simple credit, reporting an average score improvement from 3.0 to 8.8 after remediation. The review identified deficiencies in contract terms, disclosure of interest and commissions, account statements, amortization tables and website information, and confirmed that subsequent corrections do not exempt institutions from sanctions or further measures.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) published results of its 2025 transparency supervision of 10 unregulated multi-purpose financial entities (SOFOM E.N.R.) offering current account credit, reporting an average score improvement from 3.2 to 8.0 after remediation, with seven institutions achieving a score of 10. The review focused on transparency and quality of user information in contracts, disclosures, statements and websites, and identified deficiencies in key terms, fee and interest disclosures, use of unregistered contracts, incomplete forms and website omissions. CONDUSEF noted that the exercise does not preclude sanctions.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2026-05-26•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has required all financial institutions to report quarterly sex-disaggregated data on MSME financing. Firms must report women’s ownership shares in MSME clients and credit application outcomes, including rejections and reasons, with the first submission based on Sept. 30, 2026 data. The rule embeds WE Finance Code reporting into the supervisory framework after a voluntary pilot launched in 2023.
SupervisionRegulatory reportingDiversity and inclusion
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2026-05-26•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Financial Services Users (CONDUSEF) published 2025 results of its financial transparency review of financial leasing by 10 non-regulated multiple purpose financial institutions, finding seven initially met disclosure rules and that corrective actions raised the average score from 1.4 to 8.8. The review identified deficiencies in contract and website disclosures, including missing early termination and advance payment procedures, prohibited or inconsistently disclosed commissions, unclear payment and interest terms, and incomplete account statement notices. CONDUSEF stressed that remediation does not preclude sanctions and that it will continue supervisory actions.
SupervisionReviews, inspections & stress testsConsumer and investor protectionDisclosures
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2026-05-26•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick has launched Finfo.ca, a consumer education program to help New Brunswickers understand financial choices in areas the Commission regulates. The site offers interactive tools and guidance on saving, investing, borrowing and fraud protection, and will become the primary hub for consumer education content as FCNB.ca shifts focus to the Commission’s regulatory role and information for regulated sectors.
Financial literacy & educationFinancial literacy and education
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2026-05-26•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia has ended the Commercial Bank of Ethiopia’s exclusive role in processing export-related banking services for goods bound for China. From May 26, 2026, all licensed commercial banks may issue export permits, manage documentary credits and handle related transactions, subject to existing foreign exchange and export rules.
Policy & regulationRules & requirementsCross-border payments
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2026-05-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
In an interview, Executive Board Member Rikke-Louise Petersen outlined how the EU’s Anti-Money Laundering Authority is approaching supervision and private-sector engagement, urging firms to move beyond tick-box compliance, embed AML awareness at board level and prepare before rules are finalised. She noted AMLA’s work on regulatory technical standards, highlighted the benefits of combining supervision and financial intelligence unit coordination in one authority, and said AMLA plans more structured private-sector engagement beyond formal consultations.
SupervisionSupervision approach, priorities & toolkitAML and CFT
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2026-05-26•Global•Egmont Group
The Egmont Group reported on Vice-Chair Mohammed Shahid Ahmed’s intervention at an international conference in Taipei, where he stressed that Financial Intelligence Units are central to cross-border asset recovery and that speed, coordination and trusted intelligence exchange are critical. He highlighted an Information Exchange Working Group report on FIUs’ role in asset recovery, the ongoing Increasing FIUs’ Effectiveness in the Asset Recovery Process initiative, and a joint Egmont Group, Financial Action Task Force, INTERPOL and United Nations Office on Drugs and Crime handbook on international cooperation for money laundering cases.
Policy & regulationCooperationAML and CFT
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2026-05-26•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority has updated its Risk-Free Rate Technical Documentation and published three spreadsheet examples, setting out how risk-free interest rate term structures will be calculated under the revised Solvency II framework from 30 January 2027. The revision reflects amendments to the Solvency II Directive and Commission Delegated Regulation (EU) 2015/35, introduces changes to interpolation, extrapolation and the undertaking-specific volatility adjustment, and provides more detailed methodological and mathematical descriptions, while deferring this year’s depth, liquidity and transparency assessment and representative portfolio updates.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2026-05-26•Albania•Bank of Albania
The Bank of Albania hosted National Bank of Austria Governor Martin Kocher for his first official visit, highlighting strengthened institutional cooperation in the context of Albania’s European integration and alignment with EU regulatory and supervisory standards. Discussions with the central bank, banking sector representatives and the prime minister covered economic and financial developments, banking sector modernisation, geopolitical and real estate risks, technological change and cybersecurity, and prospects for deeper financial and capital markets cooperation.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Moldova•National Bank of Moldova
The National Bank of Moldova adopted amendments to its regulatory acts on reporting the own funds requirement for operational risk. The changes will apply from 1 January 2027, except for point 4, which takes effect from 26 May 2026.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-26•Ghana•Securities and Exchange Commission Ghana
Securities and Exchange Commission Ghana has published the latest Financial Stability Review, which assesses developments in Ghana’s financial system and policies aimed at mitigating financial stability risks. The edition adds sections on Financial Stability Council initiatives and Systemic Risk Survey results, and includes special features on mutual evaluation, deposit insurance, microfinance reforms, FinTech and payment system risks, and green bonds regulation.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-05-26•Albania•Bank of Albania
The Bank of Albania hosted Austrian National Bank Governor Martin Kocher for his first official visit to strengthen cooperation, focusing on economic and financial developments, Albania’s European integration and regional banking sector issues. Discussions covered aligning Albania’s regulatory and supervisory framework with EU standards, the impact of technological change and financial innovation, and managing geopolitical, real estate, technological and cyber risks while deepening European capital markets.
Policy & regulationCooperationCross-border cooperation
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2026-05-26•Hungary•National Bank of Hungary
Hungary’s Monetary Council kept the Magyar Nemzeti Bank base rate at 6.25 % and the policy corridor at 5.25 %–7.25 %, citing a still-fragile inflation outlook and geopolitical risks. It will maintain positive real rates and support forint stability, with April inflation down to 2.1 %-2.2 % and future moves to be guided by incoming data and the June Inflation Report.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-26•Kenya•Kenya Capital Markets Authority
The Kenya Capital Markets Authority has licensed Moneto Ventures and Pesa Bridge as Intermediary Service Platform Providers under the collective investment schemes framework. The approvals cover digital platforms that connect retail investors to collective investment schemes. Moneto’s Chumz platform had previously completed testing in the Authority’s regulatory sandbox.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-26•Global•International Financial Reporting Standards Foundation
The International Financial Reporting Standards Foundation and the Global Reporting Initiative issued a joint statement on using GRI Standards and International Sustainability Standards Board standards together, noting that resulting disclosures can be complementary while serving distinct purposes. The statement outlines common disclosures the Global Sustainability Standards Board and the International Sustainability Standards Board have aligned and highlights ongoing cooperation to support more efficient reporting.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-05-26•Poland•Ministry of Finance (Poland)
The Polish Ministry of Finance announced that the Council of Ministers adopted a draft law amending the Banking Law to tighten governance requirements for the largest banks, expand the Polish Financial Supervision Authority’s (KNF) powers over significant bank transactions, and align with European Union requirements. The bill would subject key management and supervisory appointments to KNF approval, require prior notification of major transactions, and introduce post-employment conflict-of-interest rules for KNF leadership and staff.
Policy & regulationRules & requirementsCorporate governance
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2026-05-26•Canada•Bank of Canada
The Bank of Canada’s External Deputy Governor Nicolas Vincent said Canada’s labour market has shifted to mild excess supply, with slower employment growth, a lower employment rate and unemployment around 6.5%–7%, and that some weakness may reflect structural rather than cyclical factors. He highlighted low turnover, rising long-term unemployment and deteriorating conditions for young people, and said the Bank is using microdata, surveys, regional and scenario analysis, and a new multi-sector model to distinguish structural change from cyclical weakness and assess implications for inflation and monetary policy.
Monetary policyMonetary policy assessments & outlooks
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2026-05-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank’s Financial Stability Overview concludes that the largest Dutch banks, insurers and pension funds would remain resilient under a severe shock from a prolonged Gulf conflict and persistently high oil prices, supported by strong buffers. Stress tests show lower profits and higher losses but no threat to stability, while DNB highlights macroeconomic risks from sustained high energy prices, elevated AI-driven equity valuations and rising cyber risk under the Digital Operational Resilience Act.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskStress testing
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2026-05-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank’s semiannual Financial Stability Overview flags cyber and operational risks, driven by rapid advances in artificial intelligence and heightened geopolitical tensions, as a major threat to financial stability, with geo-economic fragmentation and prolonged higher energy prices remaining key risk drivers. Stress tests indicate Dutch banks can absorb losses from a Middle East conflict escalation within existing capital buffers, while the bank also highlights rising private credit exposures of large insurers and rapid global stablecoin market growth as emerging vulnerabilities.
SupervisionRisk monitoring & watch pointsCyber resilienceGeopolitical risk
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Finance Ministry reports that the current pipeline of state and municipal companies planning IPOs or strategic investors by 2027 will not meet medium-term capital market goals. It proposes joining EU initiatives, adjusting savings and tax rules, promoting savings bonds and other instruments, expanding company financing options, and advancing the legal framework for REITs, securitisation, investor representation and market infrastructure. Citing OECD findings and stakeholders, it notes few large market-ready firms, a weak start-up ecosystem, limited venture capital, low domestic institutional investor activity and the need to improve state-owned enterprise governance.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance announced that the Cabinet has taken a conceptual decision for Latvia to join Bruegel, a Brussels-based economic policy think tank, to support preparations for Latvia’s presidency of the Council of the European Union in the second half of 2028 and strengthen its role in shaping EU economic and financial policy. Membership would provide access to independent analytical expertise, closer cooperation with European researchers and policymakers, and participation in Bruegel’s expert discussions and conferences.
Policy & regulationCooperationOther
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2026-05-26•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance announced Cabinet approval of a 13‑bill package transferring registration, licensing and supervision of nonbank consumer lenders and credit intermediaries, plus financial consumer protection and oversight of unfair practices and advertising, from the Consumer Rights Protection Centre to the Bank of Latvia. The reform consolidates supervision, data analysis and consumer protection in a single risk-based supervisor, aligns related financial, anti-money laundering, sanctions and advertising laws, and responds to MONEYVAL’s call for stronger coordination and more efficient resource use.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-26•Georgia•National Bank of Georgia
The National Bank of Georgia clarified that three UK‑sanctioned virtual asset companies were unregistered, not regulated by the central bank and therefore outside its supervision. It said it had identified the unauthorized activity, shared information with law enforcement in September 2025, and taken supervisory measures, with investigations ongoing and some liability already established. The bank added that its virtual asset service provider framework aligns with Financial Action Task Force standards and that Moneyval’s 2024 assessment rated Georgia largely compliant with Recommendation 15.
Policy & regulationGuidance & interpretationNew sanctions designations
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2026-05-26•Global•International Monetary Fund
The International Monetary Fund has published a Departmental Paper assessing long-run inflation expectations in Latin America during the post-COVID inflation shock, finding that modern monetary frameworks generally kept long-run beliefs stable despite large shocks. The study reports that expectations have moved closer to central bank targets over the past two decades, that stronger anchoring dampened the inflationary impact of external shocks, and that credibility responds asymmetrically, with dovish surprises eroding anchoring more than hawkish surprises.
ResearchOther
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2026-05-26•Denmark•National Bank of Denmark
The National Bank of Denmark’s biannual Financial Stability analysis highlights heightened risks from geopolitical shocks, rapid house price growth around Copenhagen and cyberattacks, and advises against easing lending rules that limit household debt. It finds systemic credit institutions remain profitable and resilient under severe stress tests, though some may need higher capital targets, and notes limited direct Danish exposure to private credit but potential for international spillovers. It also calls for stronger operational resilience, including central storage of critical customer data and an emergency bank solution to maintain basic services in extreme disruptions.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskGeopolitical risk
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2026-05-26•Global•International Monetary Fund
The International Monetary Fund’s 2026 Article IV staff concluding statement on Lithuania notes that current solid growth is driven by temporary demand factors that are adding to inflation pressures and recommends a tighter fiscal stance from 2026 and a credible medium-term strategy to preserve buffers. It projects 2.9 percent growth and 5.2 percent average inflation in 2026, warns of risks of weaker growth and higher inflation, and advises permanent revenue measures, targeted energy support, selective spending reprioritization and stronger fiscal council independence to contain rising debt. The statement finds the financial system sound but calls for readiness to tighten macroprudential policy if credit and house price growth accelerate, and highlights structural reforms in labour and capital markets, technology and energy resilience as key to longer-term growth.
Policy & regulationReform agendas & prioritiesOther
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2026-05-26•Global•International Monetary Fund
IMF staff, drawing on a departmental paper, find that Latin America’s well‑anchored inflation expectations should help cushion the latest oil price shock from Middle East conflict by limiting pass‑through from higher import to consumer prices. The paper credits reforms over the past 25 years—especially inflation targeting, greater central bank independence, and reduced fiscal dominance—but warns credibility is fragile and that loose monetary policy can erode expectations more than tight policy strengthens them. It concludes that regime choice is context‑dependent, that inflation targeting can work under difficult conditions with strong transparency and accountability, and that fiscal support and low dollarization are important for disinflation.
Research
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2026-05-26•Russia•Central Bank of Russia
The Central Bank of Russia reported that households’ one-year-ahead inflation expectations in May edged up to 13.0% from 12.9% in April and remained elevated. The consumer sentiment index rose on improved assessments of personal wealth, the economy and consumer market conditions, while business price expectations declined.
Data & statisticsEconomic data and developments
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2026-05-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market held a two-day staff training on implementing the European Union crowdfunding regulation, supported by the EU’s Ukraine2EU initiative. The programme focused on platform operating rules, licensing, investor protection, supervisory models and key risks to prepare the regulator to oversee crowdfunding platforms and align Ukrainian legislation with EU standards.
Institutional developmentCooperation & capacity buildingCrowdfunding
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2026-05-26•Russia•Central Bank of Russia
The Central Bank of Russia reported that its Business Climate Index fell to 1.7 points in May from 2.1 points in April, as firms became more cautious about output and demand over the next three months despite a more positive assessment of current demand. Business price expectations also declined month on month and on average moved below 2024–2025 levels, according to the May monitoring commentary.
Data & statisticsEconomic data and developments
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2026-05-26•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The Kyrgyz Republic’s State Service for Regulation and Supervision of Financial Markets has intensified monitoring of virtual asset market participants to improve transparency and stability and prevent breaches of virtual asset rules, terrorist financing, money laundering and sanctions evasion. Supervisory focus will include compliance with virtual asset legislation, customer due diligence, suspicious transaction reporting, sanctions measures, and the effectiveness of internal compliance and risk management systems. The authority will continue to cooperate with domestic agencies, international partners and industry participants in line with international standards such as the Financial Action Task Force recommendations.
SupervisionSupervision approach, priorities & toolkitRegulatory sandbox