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2026-05-25•Canada•Alberta Securities Commission
The Alberta Securities Commission has issued cease-and-desist letters to promoters of BG Wealth Sharing and its platform DSJ Exchange (DSJ EX), describing it as an online cryptocurrency and multi-level marketing scam with no evidence of legitimate trading. The commission warned that demands for a 12% “tax” to withdraw funds are fraudulent, cautioned that the scheme may evolve into recovery scams or rebrand online, and advised investors to cease engagement and avoid further payments. It is reviewing related activity and coordinating with other Canadian and U.S. securities regulators to prevent further harm.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-25•Czech Republic•Czech National Bank
The Czech National Bank published its May survey of financial market inflation expectations, showing a weaker outlook for 2026 GDP growth, unchanged 2027 growth, and slightly higher three-year inflation expectations driven by geopolitical and commodity price risks. Analysts still expect the two-week repo rate to remain at 3.5% in June, but the average one-year policy rate forecast increased to 3.57%, while exchange rate expectations were stable and nominal wage growth forecasts for 2026 were revised up.
Data & statisticsEconomic data and developments
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2026-05-25•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has granted initial approval for Orient Insurance Egypt to test a digital remote inspection and damage assessment solution for motor insurance in its regulatory sandbox, developed with EG InsurTech. The pilot uses secure mobile video links to guide customers and aims to integrate real-time inspection data with claims, underwriting and policy administration, while the authority supervises testing for efficiency, data accuracy, data protection and regulatory compliance.
SupervisionInnovation & testingFintech and insurtech
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2026-05-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported that the Financial Stability Council assessed systemic risk in Montenegro’s financial system as moderate, with stability preserved and banks remaining the core stable sector. In the first quarter of 2026, credit and deposit growth continued alongside low non-performing loans of 2.43 percent and a decline in average lending rates to 6.13 percent, while insurance premiums also increased. The Council noted banks’ exposure to systemic risks remains moderate and the central bank is monitoring cyclical risks from credit growth, rising real estate prices and elevated geopolitical risks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-05-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported that the National Committee for the Development of Financial Education endorsed the continuation and expansion of the Robotics for the Youngest project and reviewed work on a central web platform for financial education. The committee aims to make the robotics-based financial literacy programme sustainable and available to more schools, and to develop an online hub offering educational content, practical guides and tools for citizens, schools and other target groups.
Financial literacy & educationFinancial literacy and education
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2026-05-25•Israel•Bank of Israel
Bank of Israel cut its policy rate by 25 bp to 3.75 % on 25 May, resuming easing after a March pause as Q1 GDP fell 3.3 % annualised and CPI stayed near the 1–3 % target at 1.9 %. The move brings total cuts since November 2025 to 75 bp, with the Committee warning that supply constraints, energy costs and fiscal pressures could rekindle inflation and that future decisions will remain data-dependent.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-25•Georgia•National Bank of Georgia
The National Bank of Georgia has published for consultation a working version of its 2026-2028 supervisory strategy, outlining priorities for closer alignment with international standards, stronger risk management, financial innovation with competition and consumer protection, securities market development, and more forward-looking and inclusive supervision. The priorities reflect international practice, market trends, practical needs, and stakeholder input, with further feedback to be incorporated before finalization.
Policy & regulationReform agendas & prioritiesSupervision process and methodologies
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2026-05-25•Georgia•National Bank of Georgia
The National Bank of Georgia outlined priorities for developing financial sector technology, building a regulatory environment that supports modern financial services, fintech and investment while maintaining stability. It highlighted a new registration regime for virtual asset service providers, under which the bank has full supervisory authority, as a strict but predictable framework based on international best practice intended to support issuance of stable virtual assets and attract firms such as Tether.
Policy & regulationRules & requirementsFintech and insurtechBlockchain and distributed ledger technology
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2026-05-25•Georgia•National Bank of Georgia
The National Bank of Georgia has published interactive press releases on current trends in resident commercial banks’ loans and deposits as of April 2026. The data are available in the statistics section of its website.
Data & statisticsFinancial and market indicators
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2026-05-25•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision has ordered internet providers in Italy to block two websites offering insurance services illegally, cmb-assicurazioni.it and preventivi.unipolsaiassitirreno.it, including their www versions. IVASS noted it has now ordered the blocking of 374 abusive sites since November 2023 and warned consumers to be wary of offers via instant messaging, prepaid card payment requests, and websites not listed in its official registers.
SupervisionInterventionsFraud and scams
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2026-05-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reviewed implementation of its 2024–2028 Strategic Plan, assessing results, achievements and challenges across financial stability, supervision and regulation, payment systems, statistics, governance, digitalization, risk management, communication and capacity building. It reaffirmed a reform agenda focused on preserving financial stability, aligning with European Union standards, modernizing financial infrastructure and advancing financial services, and framed these reviews as a core tool for planning, monitoring and accountability.
Institutional developmentGovernanceOther
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2026-05-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo published remarks by Governor Ahmet Ismaili linking high quality financial reporting, independent audit and sound corporate governance to financial stability, market integrity and confidence in the financial sector, stressing that resilience depends on reliable information as well as capital and liquidity. He said the central bank is advancing its regulatory, supervisory and reporting framework in line with international and European standards, with greater focus on risk-based supervision, governance, risk management and broader reporting requirements. Ismaili described Kosovo’s financial sector as stable and well capitalized, called for stronger cooperation among key stakeholders, and highlighted technology, digital finance, artificial intelligence and sustainability reporting as areas requiring updated skills and strong professional ethics.
Policy & regulationReform agendas & prioritiesAccounting and financial reportingCorporate governance
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2026-05-25•Mozambique•Bank of Mozambique
The Bank of Mozambique has set the mandatory reserve ratio at 39.00 percent for domestic currency liabilities and 29.50 percent for foreign currency liabilities, under article 6 of the Regulation on the Calculation and Constitution of Mandatory Reserves approved by Notice No. 1/GBM/2023. The circular revokes Circular No. 01/EMO/2025 and conflicting provisions and applies from the reserve maintenance period starting on 27 May 2026.
Monetary policyMonetary policy instruments & operationsPrudential risksFinancial stability and systemic risk
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2026-05-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo published April 2026 statistics for other financial institutions, reporting that assets of other financial intermediaries rose to EUR 778.84 million, insurance company assets to EUR 390.86 million, and pension fund assets to EUR 4.05 billion. Gross loans by other financial intermediaries increased to EUR 578.42 million, with new lending of EUR 60.06 million in April, 59.04% of which went to households. Insurance assets were mainly held as balances with commercial banks, securities, other assets, and reinsurance participation, while pension funds were largely invested in shares and other equity securities.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo published April 2026 commercial bank statistics showing gross loans rose 1.51% to EUR 6.96 billion, while total assets and client deposits declined to EUR 9.76 billion and EUR 7.84 billion. New lending reached EUR 235.72 million at an average interest rate of 6.88% versus 3.29% on EUR 119.41 million of new deposits, resulting in a 3.60% interest margin and an 88.71% loan-to-deposit ratio. Total commercial bank capital was EUR 1.15 billion and loan provisions increased 1.51% to EUR 161.04 million.
Data & statisticsFinancial and market indicators
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2026-05-25•Aruba•Central Bank of Aruba
The Central Bank of Aruba published first quarter 2026 government sector tables showing preliminary cash basis data with total revenue of AWG 436.8 million, expenditure of AWG 376.2 million and lending minus repayments of AWG 1.7 million, resulting in a financial balance of AWG 58.8 million. Outstanding government debt declined to AWG 5,003.9 million from AWG 5,124.3 million at end-2025, as foreign debt fell to AWG 2,944.0 million and domestic debt rose slightly to AWG 2,059.9 million, while unmet financing requirements stood at AWG 38.4 million.
Data & statisticsBalance of payments and other external statistics
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2026-05-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market issued a public warning against Taras Voitenko and PJSC Voitenko-Invest Project, stating they hold no licence, permit or approval and are not entitled to provide investment or financial services in Ukraine. The Commission reported complaints that Voitenko misrepresents himself as a licensed trader, uses Telegram channels and fabricated documents to solicit client funds, and fails to return money. It urged the public to verify licences via its official channels and to report related information to the police and the Commission.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2026-05-25•Russia•Central Bank of Russia
The Central Bank of Russia has filed a claim with the General Court of the European Union challenging Regulation No. 2026/467, which permits the use of its immobilised assets to repay an EU loan to Ukraine under the 2026–2027 support framework. It argues the measure unlawfully treats its sovereign assets as loan collateral, constitutes expropriation, breaches EU law and fundamental rights, violates principles of international law including sovereign immunity, and reserves all rights and remedies in all jurisdictions.
Policy & regulationOther
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2026-05-25•Ukraine•National Bank of Ukraine
The National Bank of Ukraine’s Q1 Banking Sector Review reports strong net hryvnia lending growth to businesses and households, with banks’ net assets up 16.2% year on year and the non-performing loan ratio down to 12.9%. Sector profitability declined as net profit fell by one-third due to the 50% income tax rate, though all solvent banks met capital adequacy requirements. The review notes continued growth in corporate and unsecured household lending, increased holdings of domestic government debt securities, lower deposit and loan rates, and expects further lending growth.
Data & statisticsLending
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2026-05-25•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Finance Minister told parliament that early debt repayments and restructuring of deferred interest have removed the concentrated 2032 debt risk by spreading costs over 20 years and generating about EUR 800 million in annual interest savings. He said the European expenditure rule limits use of the higher fiscal surplus and argued that additional bank taxes would weaken capital, constrain lending and undermine market confidence, while noting the government has already acted on bank charges and stands ready to intervene again.
Policy & regulationGuidance & interpretationMonetary policy decisions and developments
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2026-05-25•Oman•Oman Financial Services Authority
The Oman Financial Services Authority said its employment governance committee approved sector laboratories to be run in October and November 2026 to develop workforce initiatives for the financial and insurance sectors. It also reviewed workforce data collection, work permit and job title alignment with labour authorities, and Omanization plans. The committee further assessed the Jisr training programme, under which 20 trainees are being prepared for insurance sector jobs by July 2026.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2026-05-25•Oman•Oman Financial Services Authority
The Oman Financial Services Authority identified and reported three critical vulnerabilities in the OpenClaw autonomous AI agents system. The flaws were validated and published as CVE-2026-44109, CVE-2026-43527 and CVE-2026-43582, with the authority warning they could be exploited to compromise systems and enable unauthorized actions.
SupervisionRisk monitoring & watch pointsCyber resilienceArtificial intelligence
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2026-05-25•China•Central Bank of the Republic of China
The People's Bank of China reported on Governor Pan Gongsheng's meeting with the French central bank governor, highlighting discussions on global and Chinese economic conditions, China–France and China–Europe financial cooperation, and global financial governance. Both sides signalled plans to deepen central bank communication and coordination, while Pan reiterated China's continued financial sector opening and its welcome for greater participation by foreign financial institutions, including from France.
Policy & regulationCooperationCross-border cooperation
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2026-05-25•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission has issued a guide and infographic for finfluencers clarifying when investment-related content on social media is regulated, including public investment recommendations and personalised advice. The material explains applicable EU rules on investment recommendations, the authorisation requirement for personalised advice, CNMV supervision of both types of content, and provides guidance on promoting financial products and services and discussing cryptoassets.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-05-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of its 25 May 2026 foreign exchange intervention purchase auction, which attracted 10 participants. Satisfied bids ranged from USD 500,000 to USD 11.59 million at a weighted average rate of 9.2731 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-25•Comoros•Central Bank of Comoros
The Central Bank of Comoros hosted students from Private School Les Pouffins for an educational visit on the history of Comorian currency. The program included videos on the evolution of money and a museum tour featuring old coins, banknotes and historical documents.
Financial literacy & educationFinancial literacy and education
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2026-05-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported that the Financial Stability Council’s 77th meeting confirmed financial stability was preserved in 2025 and that systemic risk remains moderate, with a resilient banking sector. First quarter 2026 data showed solid loan and deposit growth, lower non-performing loans and lending rates, and higher insurance premiums, alongside mixed real sector data. The council said it continues to monitor credit growth, rising real estate prices and elevated geopolitical risks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-05-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported that the National Committee for the Development of Financial Education endorsed the continuation of the “Robotics for the Youngest” project and called for its sustainable expansion to more pupils and schools. The committee also reviewed plans for a central web platform to serve as a single hub for financial education content, tools and resources for citizens, the education system and other target groups.
Financial literacy & educationFinancial literacy and education
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2026-05-25•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic’s Supervisory Committee revoked two licences held by Optima Distribution LLC, effective 21 May 2026, for violations of Kyrgyz legislation. The decision removes the firm’s authority to provide third-party payment acceptance and settlement services using information technology and electronic payment methods, and to provide processing and clearing services within its payment system.
SupervisionAuthorisations & approvalsOutsourcing and third-party risk management
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2026-05-25•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has launched the second ASEAN Life Insurance Leadership Program, a five-day regional initiative for regulators, life insurers and industry associations focused on aging society challenges under the theme “The Longevity Frontier Navigating the Future of Wellness.” Organised with the Life Insurance Fund and the Thai Life Assurance Association, the program supports Thailand’s Fifth Insurance Development Plan for 2026–2030 and covers global life insurance strategy, emerging risks, technology and customer transformation, and leadership.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-25•Mozambique•Bank of Mozambique
Bank of Mozambique’s Monetary Policy Committee kept the MIMO rate at 9.25 % but tightened liquidity by raising the reserve-requirement ratio on metical liabilities to 39 % from 29 %, citing Middle-East conflict-driven supply shocks after April headline inflation quickened to 4.4 %; it warned inflation could reach double digits and said future actions will remain data-dependent.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-25•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance and Pension Funds Supervisory Authority’s 2024 ASEL Bulletin reports a 5.5 percent decline in total insurance premiums to USD 54.2 billion, driven by a 10.1 percent fall in non-life business, and a 14.9 percent drop in pension fund assets under management. Technical provisions rose 4.6 percent, but technical results fell 20.1 percent and net results declined 25.4 percent to USD 6.973 billion, while insurance penetration slipped to 2.0 percent and premium density to USD 182 per person. The bulletin also notes more insurers (296), a 6.3 percent rise in insurance agents, and country-level data on market metrics and 2024 legal acts.
Data & statisticsOther
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2026-05-25•Moldova•National Bank of Moldova
The National Bank of Moldova reported that Governor Anca Dragu, speaking at a finance conference in Bucharest, highlighted financial stability, reform and regional cooperation as central to strengthening Moldova’s economic resilience and its position in the European financial area. She underlined ongoing financial sector modernisation, including integration into the Single Euro Payments Area, development of the MIA Instant Payments system, stronger supervision and alignment with European standards, reiterating themes from her earlier summit address.
Policy & regulationReform agendas & prioritiesOther
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2026-05-25•Albania•Ministry of Finance (Albania)
Albania’s Ministry of Finance presented its 2026 operational plan for the tourism sector, focusing on higher tax compliance, greater transparency and service standards, and the use of advanced technologies and artificial intelligence to detect undeclared or high risk taxpayers. Implementation will rely on risk-based controls, verification of income and employee declarations, and checks on correct use of electronic invoicing, building on 2025 gains in tourism activity, declared wages and VAT receipts in Durrës.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-25•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Financial Transactions and Reports Analysis Centre of Canada participated in a Joint Forces Operation that dismantled an alleged international extortion network, For Brothers, targeting South Asian business owners and community members in Canada and the United States. The investigation, which began in December 2025, resulted in 17 arrests, 106 criminal charges, and the seizure of firearms, illicit drugs, electronic devices and fraudulent identification, with further arrests anticipated.
EnforcementInvestigations & enforcement actionsOther
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2026-05-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published its summary balance sheet as at 30 April 2026, reporting total assets and liabilities of EUR 27.656 billion. Assets were led by EUR 17.996 billion in intra-Eurosystem claims and EUR 5.997 billion in euro-denominated securities of euro area residents, while key liabilities comprised EUR 16.631 billion in monetary policy-related liabilities of euro area credit institutions, EUR 3.932 billion in euro liabilities to other euro area residents, and EUR 3.246 billion in banknotes.
Data & statisticsBalance of payments and other external statistics
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2026-05-25•Poland•Ministry of Finance (Poland)
Poland’s Ministry of Finance reported on Undersecretary of State Jurand Drop’s participation in the informal ECOFIN meeting, where ministers discussed strengthening EU competitiveness and resilience and financing higher investment needs while maintaining fiscal stability. Poland supported accelerating work on the Savings and Investments Union to improve financing conditions and capital access for European companies, and linked EU-level efforts on investment financing and private capital mobilisation to domestic measures to expand growth capital for Polish firms.
Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
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2026-05-25•Malta•Central Bank of Malta
Central Bank of Malta Governor Alexander Demarco discussed stablecoin risks, potential policy responses and wider financial system implications with EU central bank governors and finance ministers.
Policy & regulationCooperationStablecoins
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2026-05-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is reorganising its structure to remove overlapping functions, streamline processes and accelerate decision making in line with international standards. The new model restructures methodology around core regulatory areas, creates specialised registration and licensing units, centralises document management and one stop shop services, embeds analytics in supervisory departments, and establishes cyber protection as a distinct function while reducing management posts to increase accountability.
Institutional developmentMandate & organizational structureOrganizational structure
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2026-05-25•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance published a speech by Minister Kyriakos Pierrakakis backing the renewal of Ioannis Stournaras's mandate as Governor of the Bank of Greece, calling it key to preserving institutional continuity and credibility amid geopolitical shocks, inflation and higher financing needs. Pierrakakis cited Greece’s regained investment grade, strong credit growth to non-financial corporations, and a sharp fall in non-performing loans as evidence of banking system recovery, and stressed the need to expand financing for innovation and investment under Europe’s Savings and Investments Union agenda.
Institutional developmentLeadership change & appointmentsOther
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2026-05-25•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan signed a memorandum of cooperation with the Association of Chartered Certified Accountants to support implementation of International Financial Reporting Standards and professional development for banking sector staff. The agreement provides for experience and information exchanges aimed at advancing the central bank’s strategic reforms, improving banking system transparency and financial stability, and strengthening professional capacity.
Policy & regulationCooperationAccounting and financial reportingDomestic cooperation
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2026-05-25•Global•IOSCO
The International Organization of Securities Commissions has published a non-binding Supervisory Toolkit for AI Use in Capital Markets to guide securities regulators in risk-based oversight of AI systems across their lifecycle, including traditional machine learning, generative AI and agentic AI. The toolkit identifies key AI risk areas, sets out supervisory tools for governance, third-party risk, disclosure and recordkeeping, and provides indicators and engagement methods for monitoring AI adoption. IOSCO will next review emerging industry practices in AI governance, disclosure and recordkeeping and will continue coordinating on AI developments with other international bodies, including the Financial Stability Board.
Policy & regulationGuidance & interpretationArtificial intelligence
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2026-05-25•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has appointed Phang Hong Lim as Independent Non-Executive Director and Chair of the Audit and Risk Committee of its Board of Directors, effective 23 May 2026, following approval by the Governor of the Astana International Financial Centre. He succeeds Mukhtar Bubeyev, who steps down at the end of his term, and brings over four decades of experience in financial supervision and risk management at regulatory authorities and global financial institutions.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-25•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore, together with the Ministry of Trade and Industry, published its April 2026 report on consumer price developments in Singapore. The report provides an update on recent inflation dynamics.
Data & statisticsEconomic data and developments
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2026-05-25•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission has launched the Social Exchange, including Impakrintas, a regulated platform for non-profits to raise donations for eligible social impact projects, with eight organisations onboarded. The government has allocated a MYR2 million grant, administered by the Commission, to defray onboarding and fundraising costs, and donations qualify for tax treatment under the Income Tax Act 1967. The Commission plans to expand participation to social enterprises and community initiatives and explore additional market-based avenues to support social and climate-resilient outcomes.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-25•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has set out its 2026 programme on public safety and protection for motor vehicle accident victims, leveraging insurers’ data and risk management expertise. At a 21 May working group meeting, industry representatives agreed to continue and expand two projects on road safety and youth safe driving, including awareness of rights under the Protection for Motor Vehicle Accident Victims Act B.E. 2535. Pilot activities in Prachin Buri will be extended to six additional provinces as model areas for monitoring, evaluation and potential wider rollout.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-25•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines said the Financial Stability Coordination Council has flagged risks from the Middle East war, corporate and household debt vulnerabilities, and rising bond yields, while assessing banks as resilient with adequate capital and liquidity. The council warned that a prolonged conflict could raise oil prices, tighten financial conditions, and strain energy- and interest-rate-sensitive sectors, affecting bank asset quality and borrowers’ repayment capacity. It is also strengthening oversight of non-bank financial institutions and monitoring system-wide risks and interlinkages.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskCorporate governance
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2026-05-25•New Zealand•Ministry of Business, Innovation and Employment (New Zealand)
The New Zealand Ministry of Business, Innovation and Employment has announced a Gas Transition Loan Guarantee Scheme under Budget 2026, under which the Crown will guarantee 80 percent of up to NZD 1.2 billion of bank lending to gas-using businesses for energy efficiency and fuel-switching investments, capped at NZD 50 million per firm. Budget 2026 also provides NZD 5.9 million to the Energy Efficiency and Conservation Authority for advisory support, and the government intends a Gas Transparency Bill requiring disclosure of critical gas market information via new regulation-making powers under the Gas Act.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2026-05-25•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission will continue cooperating with the Anti-Money Laundering Office, the Bank of Thailand and the Anti Cyber Scam Center on a joint framework to integrate financial and suspicious transaction data. The framework aims to streamline inter-agency workflows, enhance financial intelligence and accelerate identification of high-risk behaviour to support investigations, asset seizure and freezing, and action against criminal networks. It also strengthens oversight of digital asset business operators as part of measures to combat illicit capital flows through the financial system and digital assets.
SupervisionCooperationCross-border cooperationAML and CFT
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2026-05-25•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Deputy Finance Minister Suahasil Nazara said persistent global uncertainty requires ASEAN to build regional stability through deeper intra-ASEAN trade, lower non-tariff barriers, and enhanced cooperation in the digital economy and green transition. He stressed prudent macroeconomic policy, stronger food and energy security, fuller use of regional financial arrangements, and balanced engagement with major economies, and said the Ministry of Finance will strengthen regional policy coordination via research cooperation with the National Economic Council and the ASEAN+3 Macroeconomic Research Office.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-25•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic imposed fines of KGS 55,000 each on five exchange bureaus in Bishkek for breaching requirements of Kyrgyz legislation and the National Bank’s regulations.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-05-25•Australia•Department of Treasury (Australia)
The Australian Department of the Treasury, with the Australian Prudential Regulation Authority, has issued a discussion paper on proposed 2026–27 Financial Institutions Supervisory Levies totalling AUD 297.3 million, a 5.2 per cent increase from 2025–26, to recover APRA’s costs and specified costs of other agencies. APRA’s net levy requirement would rise to AUD 253.3 million, with the existing levy architecture retained and higher levies for superannuation and authorised deposit-taking institutions, offset by lower levies for general and life insurance and unchanged levies for private health insurance.
Policy & regulationRules & requirements
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2026-05-25•Rwanda•Rwanda Capital Markets Authority
At the BK Group Investor Forum 2026, Rwanda Capital Markets Authority Chief Executive Officer Romeo Ngarambe highlighted liquidity, capital flows and Rwanda’s financial hub ambitions as key capital market priorities. His remarks framed the forum as a practical discussion on deepening the market, alongside broader debate on investment, regional integration and financing growth in Rwanda and Africa.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-25•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has cancelled the Australian financial services licence of Eden Asset Management Pty Ltd after the firm entered liquidation and ceased trading, with the consent of its liquidators. ASIC noted it had made enquiries into Eden’s non-compliance with statutory reporting, audit and financial requirements, and that it may cancel a body corporate’s licence without a hearing where the entity is a Chapter 5 body corporate.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-05-25•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission warned that scammers are using share trading and stock tip messaging app groups to lure consumers onto fake crypto-asset trading platforms that fabricate trades and profits and divert all deposits and “release” fees to scammers. Victims are typically targeted via social media ads and posts, with scammers impersonating well-known figures and also using similar tactics in recovery scams. ASIC urged consumers to verify firms using its licensing and investor alert resources and the Australian Transaction Reports and Analysis Centre Virtual Asset Service Provider Register.
SupervisionAlertsFraud and scams
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2026-05-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of Tajikistan met with an EBRD delegation led by Vice President for Policy and Partnerships Mark Bowman to review ongoing projects and discuss further cooperation. Talks covered banking sector reform, financial market development, digitalization, regulatory compliance, AML/CFT, risk-based supervision, climate risks and sustainable finance. The National Bank called the EBRD a strategic partner, and the EBRD confirmed its readiness to continue supporting Tajikistan’s banking and economic reforms.
Policy & regulationCooperationOther
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2026-05-25•Asia•Asia/Pacific Group on Money Laundering (APG)
The Asia/Pacific Group on Money Laundering carried out a Pre-Mutual Evaluation Planning visit to Bhutan ahead of the country’s mutual evaluation in early 2027. The exercise focused on stronger interagency coordination, targeted technical assistance and practical reform priorities to address earlier AML/CFT deficiencies. The APG will continue working with donors and providers to fast-track support for priority needs.
Policy & regulationCooperationAML and CFTCapacity building
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2026-05-25•Kyrgyzstan•National Bank of the Kyrgz Republic
National Bank of the Kyrgyz Republic kept the discount rate at 12.00 % effective 26 May 2026, saying tight policy is needed to bring inflation, now 10.9 % y/y against a 5-7 % target, back to target amid robust demand and external price pressures. The rate has held since a 100 bp hike in February and the bank, noting stable markets and absorbed excess liquidity, signalled readiness to act again if price risks rise.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-25•South Korea•South Korea Financial Services Commission
South Korea’s Financial Services Commission announced measures to address cyber risks from advanced AI in finance, centred on phased easing of network separation rules so eligible firms can use AI and SaaS cybersecurity tools. It will grant one-year relief via no action letters to large institutions that pass expert screening, require vulnerability test reporting, and may fully lift network separation through the regulatory sandbox. The commission will also issue AI cybersecurity guidelines in June 2026.
Policy & regulationRules & requirementsCyber resilienceArtificial intelligence
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2026-05-25•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore has issued a circular guiding financial institutions on establishing clients’ source of wealth in a risk-proportionate way, to streamline private banking onboarding while maintaining anti-money laundering standards. It supplements earlier guidance by clarifying how to apply materiality and relevance so firms can avoid unnecessary steps, and is accompanied by industry Process Enhancement Tips with case studies and training. MAS expects these measures to cut the median time to open a private banking account to within a month.
Policy & regulationGuidance & interpretationEconomic data and developmentsFinancial and market indicators
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2026-05-25•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority reported that full operation of the eMPF Platform has centralized MPF administration, improving efficiency and enabling earlier detection of suspected fraud, including forged medical certificates supporting early withdrawal claims. The Authority has worked with medical professional bodies to tighten certificate verification and content requirements, and set up a dedicated task force with the eMPF team to enhance early withdrawal verification and fraud prevention through regulatory, operational and enforcement measures.
Policy & regulationImplementation, projects & pilotsFraud and scams
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2026-05-25•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica launched a new online Service Center as a single point of contact on its website for user inquiries and procedures, consolidating all external service channels. The platform allows users, including SINPE and Central Directo participants, to submit requests, track case status, interact with analysts, upload documents and access support materials, with role-based access controls and centralized case management to strengthen internal processes and traceability.
Institutional developmentTechnology & data transformationOperational excellence
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2026-05-25•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has launched a second public consultation on a revised regulation to strengthen consent requirements for debtor access to information in the Consolidated Debt Registry (REDEC). The proposal sets procedures for financial institutions on obtaining, recording, reporting and accounting for debtor consent, and the new consultation focuses on implementation timeframes in the updated regulation.
Policy & regulationRules & requirementsOpen banking and finance
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2026-05-25•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has published a free “Investor Guide 60+: Your Peace of Mind Deserves Extra Protection” to help older investors identify unsuitable investment offers. The guide responds to increasing inappropriate and aggressive approaches to this age group, including complex products misaligned with their recommended investment profile, and was launched during the 13th National Week of Financial Education 2026.
Financial literacy & educationFinancial literacy and education
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2026-05-25•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a judgment session on two administrative sanctioning proceedings, one concerning alleged fraudulent transactions involving assets of the municipal public servants pension regime CABOPREV and another concerning Eduardo Garcia de Souza for alleged irregular securities portfolio management. The CABOPREV case involves Bittenpar Participações S.A., GF Participações Ltda. and seven individuals, while the separate case concerns a possible breach of Article 2 of CVM Resolution 21 and Article 23 of Law 6.385/76.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority used a radio programme in Lindi to educate the public on insurance services, compulsory insurance requirements and its nationwide role and office network. Officials highlighted mandatory insurance for motor vehicles, petroleum, ferries and certain buildings, and a National Health Insurance Fund representative outlined implementation of health insurance for all, with listeners’ questions addressed live.
Financial literacy & educationFinancial literacy and education
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority published remarks by the Insurance Commissioner on the ATI Insurance Awards, highlighting the role of insurance in protecting assets, enabling investment and supporting broader economic growth. The event, organized by the Association of Tanzania Insurers, aimed to recognize market performance, promote competition and better services, and underscored the need to raise public awareness, strengthen integrity and use technology to improve customer service.
OtherMarket development
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2026-05-24•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority used the Insurance and Health Forum in Dar es Salaam to educate the public on Universal Health Insurance and its supervisory role in implementing the framework. Through its Eastern Zone booth, the authority outlined its responsibilities for handling insurance-related complaints and promoted market opportunities such as insurance agency, brokerage and related services.
Financial literacy & educationFinancial literacy and education
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2026-05-24•Cyprus•Ministry of Finance (Cyprus)
The Cyprus Ministry of Finance reported that EU finance ministers, meeting informally in Lefkosia, focused on accelerating competitiveness reforms, assessing stablecoins and addressing higher spending and investment needs while preserving fiscal sustainability. Ministers stressed turning the competitiveness agenda into concrete action, discussed stablecoin risks and opportunities including interoperability with Eurosystem services and a cautious approach to deeper integration, and highlighted the need for reforms to support private investment.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-24•Luxembourg•Ministry of Finance (Luxembourg)
The Luxembourg Ministry of Finance reported that Finance Minister Gilles Roth joined informal Eurogroup and ECOFIN meetings in Nicosia, where ministers discussed euro area macroeconomic developments, energy price impacts from the Middle East conflict, Europe’s competitiveness with a focus on housing, and progress on the digital euro. ECOFIN also examined the EU’s long-term competitiveness, the role of stablecoins in Europe, and options to meet rising spending needs while preserving sustainable public finances, with Roth urging accelerated reforms and support for investment, innovation, and financial stability.
Policy & regulationCooperationMonetary policy decisions and developmentsMacroprudential policy and tools
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2026-05-24•Czech Republic•Ministry of Finance (Czech Republic)
The Czech Ministry of Finance reported on the informal Economic and Financial Affairs Council meeting, where EU finance ministers discussed competitiveness, stablecoins and how to meet rising investment needs without weakening fiscal sustainability. Ministers urged faster EU reforms to support sustainable growth and examined stablecoin risks, opportunities and interoperability with Eurosystem platforms, stressing caution over deeper monetary integration. They agreed investment needs should be met through national measures and EU reforms that mobilise private investment while preserving fiscal discipline, with the stablecoin debate informing future Eurogroup work on digital finance.
Policy & regulationReform agendas & prioritiesOther
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2026-05-24•Greece•Ministry of National Economy and Finance (Greece)
The Greek Ministry of National Economy and Finance published an interview with Minister and Eurogroup President Kyriakos Pierrakakis outlining Greece’s economic performance, inflation support measures and housing policies, including short-term rental rules, rent subsidies and the ‘Spiti Mou’ programmes. At European level, he highlighted housing as a Eurogroup topic, warned that the Middle East crisis could raise energy costs and inflation, and called for a common European energy strategy and a Savings and Investments Union. He also backed the Greece–Cyprus–Israel electricity interconnection as a strategic Project of Common Interest with EUR 657 million in approved funding and noted that ADMIE will seek European Investment Bank financing.
Policy & regulationReform agendas & prioritiesEconomic data and developmentsMonetary policy decisions and developments
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2026-05-24•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority held an introductory seminar on the debt instruments market in Qatar, with participation from the Qatar Central Bank and Qatar Stock Exchange. The seminar reviewed legislative developments and transformations in the bond and sukuk market and outlined the legislative requirements for offering and listing these instruments on the Qatar Stock Exchange.
Policy & regulationGuidance & interpretationSecurities offerings and listingsMarket development
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for violating Article 25 of Decision No. 2 of 2009, which amends Decision No. 1/T of 2006 on licensing insurance agents under Insurance Law No. 20 of 2005.
SupervisionInterventionsOther
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for breaching Articles 20 and 21 of the 2009 decision on licensing insurance agents, as amended under the Insurance Law of 2005.
SupervisionInterventionsOther
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2026-05-24•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority issued a warning to an insurance agent for breaching Article 20 of the 2009 decision amending the 2006 rules on licensing insurance agents under the 2005 Insurance Law. The action reflects enforcement of licensing requirements for insurance intermediaries.
SupervisionInterventionsOther
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2026-05-24•Qatar•Qatar Financial Centre
The Qatar Financial Centre has signed a Memorandum of Understanding with Ahli Bank Q.P.S.C. to collaborate on fintech innovation, digital transformation, and development of Qatar’s financial services sector, leveraging the QFC Digital Assets Lab to develop digital financial solutions and explore digital assets and tokenisation use cases. The parties will work with technology providers, startups, and other partners to advance emerging financial technologies, support pilot programmes with QFC technology firms, and run joint events and knowledge-sharing initiatives to support fintech firms within the QFC.
Policy & regulationCooperationFintech and insurtechMarket development
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2026-05-24•Liechtenstein•Finance Liechtenstein
The Financial Market Authority Liechtenstein has published its 2026 Financial Center brochure with updated statistics on supervised financial sectors. The data show continued growth in 2025, with client assets at banks up 6.8 percent to CHF 538.0 billion, assets under management at asset management companies up 6.5 percent to CHF 57.7 billion, fund volume at CHF 119.9 billion, and insurance premium income at CHF 4.90 billion with a solvency ratio of 189 percent. The brochure also notes that 19 percent of employees work in financial or related services and that the sector generates over half of income tax revenue.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-24•Qatar•Qatar Financial Centre
The Qatar Financial Centre announced that HMK Capital has registered the Salwa REIT Fund as Qatar’s first real estate investment trust collective investment fund, under the oversight of the Qatar Financial Centre Regulatory Authority. The fund is intended to provide investors with an efficient vehicle for income-generating real estate in Qatar and to support development of local asset management and capital markets. Subject to further approvals, the Salwa REIT aims to list on the Qatar Stock Exchange to broaden investor access and market liquidity.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye published President Recep Tayyip Erdoğan’s remarks for Financial Literacy Day, calling financial literacy essential to deepening capital markets, improving savings allocation and protecting investors from manipulation, speculation and digital fraud as technology and artificial intelligence reshape markets. Erdoğan praised the Board’s education initiatives, warned against manipulative social media content and fake investment advice, and stressed its regulatory and supervisory role. He noted that parliament had approved a measure to encourage foreign capital inflows, a One Stop Office had opened at the Istanbul Financial Centre, and further steps are planned to improve the finance and investment environment.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye published remarks by Treasury and Finance Minister Mehmet Şimşek highlighting that its Financial Literacy Platform, launched two years ago, now has over 1 million active users and 45 million visits. Şimşek said the initiative combines online education with tailored training, including a nationwide financial literacy lesson delivered in schools to around 18 million students, to strengthen saving habits and promote a more analytical, long-term investment culture.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye Chair Mahmut Sütcü, speaking at the Türkiye Financial Literacy Day programme, highlighted financial literacy as a key driver of financial inclusion, capital market deepening, real sector access to capital, financial stability and higher savings. He positioned the event within a broader national initiative, noting a presidential circular that designated 22 May as Financial Literacy Day and that President Recep Tayyip Erdoğan attended the programme.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye released a video for Türkiye Financial Literacy Day promoting its Financial Literacy Platform, which provides free, accessible educational content on accurate financial information. The video warns that digitalisation has increased risks and highlights fake investment schemes, illegal betting networks, cyber fraud and illegal money movements via rented IBAN accounts as key threats.
Financial literacy & educationFinancial literacy and education
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2026-05-23•Peru•Central Bank of Peru
The Central Bank of Peru reported that nationwide formal employment rose 4.6 percent year-on-year in March 2026, adding 290,000 jobs, with private sector formal employment up 5.7 percent. Private job gains were concentrated in services, agriculture and trade, while the total real wage bill increased 9.0 percent and the private sector formal wage bill rose 10.3 percent, mainly driven by mining and electricity.
Data & statistics
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2026-05-23•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority granted eight approvals for non-banking financial activities, covering new formations and operating licences across investment funds, capital markets services, healthcare programme administration and consumer finance. Approvals include a temporary Third Party Administrator licence for Mid Mark TPA, a consumer finance licence for Malaz, and licences for Belton Fund Company, Lantis, Business Community Financial Investments, Al Salem Holding, Amjad Holding and SAFE for securities, venture capital and real estate investment activities.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-23•Vietnam•State Bank of Vietnam
The State Bank of Vietnam published remarks by Governor Pham Duc An outlining digitalisation priorities for the banking sector, including a stronger legal framework, expanded digital infrastructure and databases, enhanced cyber security and personal data protection, and improved workforce digital skills. He urged banks to centre citizens and businesses, treat data as foundational and technology as a driver, and advance digital payments, electronic authentication, biometric verification, data cleansing and anti-fraud measures linked to Project 06. The State Bank said contest proposals on process redesign, technology deployment, customer experience and system security will be further studied and implemented.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2026-05-23•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission reported that Danvil Plans has paid more than PHP 1.62 billion across 17,289 claims. Another 7,681 planholders have yet to claim their checks and are being contacted to complete the payment requirements.
SupervisionInterventionsClaims managementRecovery and resolution
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2026-05-23•Asia•Eurasian Group (EAG)
The Eurasian Group's 44th plenary approved follow-up reports for Kazakhstan, Turkmenistan and Uzbekistan ahead of the third round of mutual evaluations. It also endorsed further work on FATF standards for extended confiscation, launched an artificial intelligence-focused terrorist financing typologies project and approved a 2026-2027 regional money laundering and terrorist financing risk assessment.
Policy & regulationPeer reviews and country evaluationsAML and CFTArtificial intelligence
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2026-05-22•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission reported that the National Assembly has granted the President legislative authority to establish a legal regime for shareholding management companies (Sociedades Gestoras de Participações Sociais, SGPS). The dedicated framework will govern entities that manage equity holdings and structure corporate groups, with the stated aim of facilitating and encouraging the creation of economic groups and supporting their regulation and supervision.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-22•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has published its 2025 sectoral risk assessments for money laundering and terrorist financing, classifying money laundering risk as medium-low in the insurance sector and low in the pension fund sector, with terrorist financing risk low in both. ARSEG said the exercise supports ongoing actions under Angola’s National Plan with the Financial Action Task Force and reinforces the use of international practices on transparency and supervision, with terrorist financing assessments aligned to the national risk assessment.
SupervisionRisk monitoring & watch pointsAML and CFT
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2026-05-22•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has launched the sixth edition of the Fernando Aguiar Prize in Bengo province, expanding its student competition on financial literacy and insurance-related academic work. The prize covers monographs, papers and scientific articles on insurance, reinsurance, pension funds and insurance intermediation, and offers the winner Kz 1,500,000 and a six-month paid internship at ARSEG, with this edition also presented in Lunda Sul, Moxico and Zaire.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission held a workshop at Lusíada University of Angola on the fundamentals of the capital market, saving and investment as part of its Financial Education Programme. Organised by the Studies and Financial Education Division and led by Daniel Chipenda, the session covered the functioning of the financial system, the role of capital markets in medium and long term financing, an introduction to collective investment schemes, and included an interactive question and answer segment.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency published minutes of the third expert panel meeting on revising the Corporate Governance Code, outlining a draft that would make the code more principle-based and emphasise growth investment, stronger board functions and earlier disclosure of securities reports. Key changes include expanded examples of growth investment, a broader capital allocation framework, restored board responsibility for disclosure, a new risk management principle, wider diversity criteria and stronger provisions on minority and controlling shareholders and director independence. The secretariat will further revise the draft and move to public consultation, with potential application to corporate governance reports by July 2027.
Policy & regulationRules & requirementsCorporate governance
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has suspended certified public accountants Takio Fujii and Akio Ochiai for four months and one month respectively under the Certified Public Accountants Act, citing acts that damage professional credit. The agency based its action on prior suspensions of their tax accountant businesses by the Minister of Finance under the Certified Public Tax Accountant Act, treating those sanctions as a violation of Article 26 of the Certified Public Accountants Act.
EnforcementSanctions & designationsAuditing
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency’s Corporate Accounting Council Audit Subcommittee discussed revising Japan’s auditing standards in response to International Auditing and Assurance Standards Board changes on going concern and fraud. The secretariat proposed extending the going concern assessment period to at least one year from the financial statement approval date and expanding audit report disclosures, while keeping existing fraud standards but requesting updated practical guidance from the Japan Institute of Certified Public Accountants. Revised ISA 240-related application is expected from fiscal years starting in April 2027, subject to further stakeholder consideration.
Policy & regulationRules & requirementsAuditing
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency’s Corporate Accounting Council has approved a Sustainability Information Assurance Subcommittee to develop third-party assurance standards for sustainability information, aligned with international benchmarks but adapted to Japan. The move supports plans for large Prime Market-listed companies to use Sustainability Standards Board of Japan standards from the fiscal year ending March 2027 and obtain mandatory assurance from the fiscal year ending March 2028, under an amended Financial Instruments and Exchange Act that introduces a registration and supervisory regime for assurance providers.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-05-22•Japan•Bank of Japan
The Bank of Japan published a working paper finding that the link between Japanese households’ wage growth expectations and inflation expectations has strengthened, with households exhibiting a stronger link maintaining higher spending attitudes during periods of rising prices. The paper attributes differences in this linkage to labour market conditions, income levels and union membership, and suggests that limited additional labour supply due to population ageing may have reinforced it, concluding that aligning wage growth expectations with inflation expectations is important for sustaining consumption and growth.
ResearchEconomic data and developments
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has proposed draft Cabinet Order and Cabinet Office Ordinance amendments to implement 2026 changes to the Act on Special Measures for Strengthening Financial Functions, including tighter governance for cooperative financial institutions and expanded support for mergers and shared core banking systems among smaller regional institutions. The package would raise the grant ceiling to JPY 200 billion, broaden eligible institutions and costs for joint core banking systems, increase the maximum members of the Financial Function Enhancement Review Board to seven, and move existing guideline content into the Comprehensive Supervisory Guidelines for Small and Regional Financial Institutions.
Policy & regulationRules & requirementsOther
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2026-05-22•South Africa•National Treasury (South Africa)
South Africa’s National Treasury is reviewing the fiscal and economic baseline ahead of the Medium Term Budget Policy Statement and reforms to strengthen public finance rules, local government oversight and infrastructure delivery, including advanced reviews of the Public Finance Management Act and Municipal Finance Management Act. Treasury will deduct funds from national and provincial departments to settle municipal debts, continue using section 216(2) of the Constitution where municipalities breach financial management requirements, and pursue broader legislation on public finance, auditing, procurement, financial sector conduct and infrastructure funding.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency and the Bank of Japan have requested financial institutions and related entities to take short-term measures in response to threats posed by frontier artificial intelligence. The authorities are seeking immediate risk-mitigation actions from the sector.
SupervisionInterventionsCyber resilienceArtificial intelligence