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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
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency will close its Consultation Desk for Cross-Border Payment Agency on 1 June 2026, when the amended Payment Services Act takes effect, and will redirect firms to local Finance Bureaus or Finance Offices for individual consultations. The agency also referred firms with broader financial and fintech questions to its FinTech Support Desk, noting that feedback from the consultation desk informed the Cabinet Office Ordinance on exempted acts.
Policy & regulationGuidance & interpretationMandate change
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has amended the Enforcement Order of the Financial Instruments and Exchange Act and a related Cabinet Office Order to expand the scope of specified trust beneficiary rights that are not treated as securities and to revise the definition of a parent company for insider trading rules. The trust beneficiary rights change aligns the order with the 2025 partial amendment of the Settlement of Funds Act, while the parent company concept for insider trading will now be based on control over a company’s decision-making bodies.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has finalized the Cabinet Order and Cabinet Office Ordinance implementing the 2025 Payment Services Act amendments, setting detailed rules for electronic payment instruments, crypto asset businesses, fund transfer businesses, and related activities of banks, insurers, and their subsidiaries. The measures define eligible domestic assets and trust structures for safeguarding customer funds, establish registration, conduct and disclosure requirements for new intermediaries, and clarify asset preservation, guarantor scope, and foreign exchange debt assumptions for fund transfer services. The amended law, related orders and ordinances, and administrative guidelines will take effect on 1 June 2026, with some provisions effective upon promulgation.
Policy & regulationRules & requirementsPayments and payment systems
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2026-05-22•United States•Federal Reserve Board
The Federal Reserve Board published a FEDS Note arguing that recent increases in the Personal Consumption Expenditures price index for Computer Software and Accessories may overstate inflation due to measurement problems. The authors cite category mismatches between Consumer Price Index and PCE data, challenges from subscription pricing and continuous updates, and missing quality adjustments for AI-related features, and estimate that correcting these issues could reduce the category’s annualized increase from 73.1 percent to about 22.0 percent and lower recent core PCE and core goods PCE inflation. The note warns that these biases could grow if rapid price increases in this category persist.
ResearchEconomic data and developments
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2026-05-22•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City reported that Tenth District services activity rose moderately in May, with the general revenue index doubling from the previous month while expectations for future activity cooled but remained positive. The survey indicated ongoing cost pressures, with about half of firms seeing more frequent input price changes than in 2025, and introduced updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, slightly revising historical indexes.
Data & statisticsEconomic data and developments
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2026-05-22•United States•Federal Reserve Bank of Dallas
The Federal Reserve Bank of Dallas projects Texas employment growth of 1.8 percent in 2026, implying about 253,000 additional jobs and total employment of 14.6 million by December, within an 80 percent confidence band of 1.2 to 2.4 percent. April data show annualized employment growth of 1.6 percent and a steady unemployment rate of 4.3 percent, with gains in professional and business services, construction, and trade and transportation, and losses in leisure and hospitality, financial services, and manufacturing.
Data & statisticsEconomic data and developments
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2026-05-22•Lithuania•Ministry of Finance (Lithuania)
Lithuania’s Ministry of Finance announced that Finance Minister Kristupas Vaitiekunas will attend informal Economic and Financial Affairs Council and Eurogroup meetings in Cyprus to discuss EU competitiveness, euro area macroeconomic developments, housing affordability, the digital euro, stablecoins, long-term fiscal sustainability and the energy market. Lithuania supports supply-side housing measures, targeted aid for vulnerable groups and a long-term cross-cutting housing strategy. Vaitiekunas will also meet Greek Finance Minister and Eurogroup President Kyriakos Pierrakakis to discuss Lithuania’s upcoming EU Council Presidency and negotiations on the EU Multiannual Financial Framework.
Policy & regulationCooperationMonetary policy decisions and developments
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2026-05-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation has proposed rules to implement Bank Secrecy Act and sanctions compliance standards for FDIC‑supervised permitted payment stablecoin issuers under the GENIUS Act. The proposal would require these issuers to meet anti-money laundering and countering the financing of terrorism, economic sanctions, reporting and customer identification obligations, and would establish an FDIC supervisory and enforcement framework coordinated with the Financial Crimes Enforcement Network.
Policy & regulationRules & requirementsAML and CFTStablecoins
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2026-05-22•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has published a proposed Guidance Note on participation in its Regulatory Sandbox Framework, setting out requirements for applicants and supervised financial institutions to test innovative products, services, business models and digital technology platforms in a controlled environment. The sandbox aims to support responsible financial innovation within a risk-based framework, improve access to financial services for underserved segments, and allow the Central Bank to assess the viability and impact of new business models on the domestic financial sector.
Policy & regulationGuidance & interpretationFintech and insurtechFinancial inclusion
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2026-05-22•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
Türkiye’s Insurance and Private Pension Regulation and Supervision Agency issued a sector announcement on the new private health insurance regime and published a public notice and information guide for consumers and policyholders. The materials explain amendments effective 1 January 2026 under the revised Private Health Insurance Regulation and Circular 2025/28, including changes to lifetime renewal guarantees, transfer procedures and waiting periods, and must be prominently linked on insurers’ and the sector association’s websites under the heading “New Period in Private Health Insurance.”
Policy & regulationGuidance & interpretationOther
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2026-05-22•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has introduced a new private health insurance regime from 1 January 2026 that strengthens policyholder protections, including a requirement for insurers to offer all insured persons under 60 a contract with a lifetime renewal guarantee. Waiting periods may only be applied on the first policy within regulatory limits, acquired rights are preserved when switching plans or insurers, and policyholders can obtain the lifetime renewal guarantee after three years of uninterrupted coverage if their claims-to-premium ratio remains below 80 percent, with insurers allowed to ease but not tighten these conditions.
Policy & regulationRules & requirements
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2026-05-22•Italy•Bank of Italy
The Bank of Italy will require all directly supervised intermediaries to submit annual consolidated estimates of aggregated costs and losses from major ICT incidents, in line with the EU Digital Operational Resilience Act. Firms must report using the Joint Guidelines of the European Supervisory Authorities and the operational instructions published by the Bank of Italy.
SupervisionRegulatory reporting
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2026-05-22•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency released a statement from Comptroller Jonathan V. Gould explaining his abstention from the FDIC vote on draft feedback letters for the July 2025 Dodd-Frank Act Section 165(d) resolution plans of U.S. global systemically important banks, citing a fundamentally flawed, extralegal process. Gould said the FDIC and Federal Reserve have used feedback letters and guidance to impose binding requirements without notice and comment, and that Section 165(d) planning has shifted from plan review to broader capabilities expectations with limited value. He urged longer intervals between submissions and a broader review of resolution planning guidance and prior feedback, warning that the latest letters leave future review scope undefined while signaling further capabilities testing.
Policy & regulationGuidance & interpretationRecovery and resolution
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2026-05-22•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic Pensions Superintendency awarded Médico Express the “Here We Know Pensions” seal, the first medical center in the country to receive this certification. The seal is granted where over 70% of employees complete SIPEN’s workshop on the Dominican pension system, with 92% of Médico Express staff (200 employees) having completed the virtual training as part of SIPEN’s broader pension education efforts in the health and social security sectors.
Financial literacy & educationCapacity building
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2026-05-22•United States•Federal Reserve Board
The United States Federal Reserve Board and the Federal Deposit Insurance Corporation published feedback on July 2025 resolution plans for eight large domestic banking organizations and 56 foreign banking organizations, finding no shortcomings or deficiencies. The agencies determined that derivatives-related weaknesses previously identified in the 2023 plans of Bank of America, Goldman Sachs, JPMorgan Chase, and Citigroup have been satisfactorily addressed and released firm-specific feedback for the eight domestic filers and HSBC North America Holdings, Inc., as well as template letters for foreign banking organizations.
SupervisionReviews, inspections & stress testsRecovery and resolution
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2026-05-22•United States•Federal Reserve Board
The Federal Reserve Board announced that Kevin Warsh has taken the oath of office as chairman and as a member of the Board of Governors, and that the Federal Open Market Committee unanimously selected him as its chairman. Warsh was nominated by President Donald J. Trump and confirmed by the United States Senate, with his term as chairman running until May 21, 2030 and his term as a Board member running until January 31, 2040.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-22•Brazil•Central Bank of Brazil
The Central Bank of Brazil used the 13th National Financial Education Week to present its Financial Citizenship Report 2025 and Sebrae research on gender, race and access to credit, showing that women and Black people face systematically worse credit conditions and financial outcomes despite similar participation in the financial system. The 2025 report expands analysis by race and updates breakdowns by gender, age and income, while Sebrae’s work on female entrepreneurship and financial education for women underlines the need to adapt financial products, service delivery and measures to improve women’s financial well-being.
Financial literacy & educationFinancial inclusionFinancial literacy and education
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2026-05-22•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has cut corporate document request fees by another 25%, effective June 1, following a 50% reduction in 2025. The lower rates cover physical and digital copies of company filings, while SEC API Marketplace charges remain unchanged.
Policy & regulationRules & requirementsComplianceActivity and performance reportingRegulatory reporting
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2026-05-22•Uruguay•Ministry of Economy & Finance (Uruguay)
Uruguay’s Ministry of Economy and Finance has launched an Economy and Environment section on its website as a central reference point for how environmental considerations are integrated into economic policy and sustainable finance. The page consolidates information on changes to the investment promotion regime, tax benefits and clean energy measures, climate- and environment-linked financing instruments, and environment-related initiatives developed with other public bodies.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeGreen taxonomy
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2026-05-22•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia hosted an international roundtable on financial literacy and stability with governors and board members from several European central banks, highlighting its growing importance for financial system resilience. Under the Masters of the Digital Future project, participants stressed lifelong financial education, its link to understanding central bank policies and resilience to shocks, and discussed risks in a digital financial environment, including fraud, scams, instant lending and cryptoassets.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay has outlined an agenda to increase the use of the Uruguayan peso in savings, lending and investment, following discussions with public and private banks. It will promote incentives to expand local currency products for households and businesses, aiming to reduce financial dollarization and exposure to foreign currency risk. The strategy is anchored in low and stable inflation and expectations aligned with the target, and the board reaffirmed its commitment to work with the financial system on the incentive framework.
Policy & regulationReform agendas & prioritiesCurrency and cash management
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2026-05-22•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher Waller said he would support removing the Federal Open Market Committee’s easing bias and keeping the policy rate unchanged, noting that the Middle East conflict has raised energy prices and the risk of more persistent inflation. He said a rate cut is no more likely than a rate increase and that he would need clearer improvement in inflation or a significant deterioration in the labor market before considering cuts, while he could support hikes if the energy shock persists and inflation expectations become unanchored.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-22•Poland•Central Bank of Poland
The Central Bank of Poland has published the voting results of Monetary Policy Council members for 9 April 2026.
Monetary policyPolicy rate decision minutes and accountsOther
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2026-05-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has instructed its regional branches to inspect how commercial bank branches are implementing the Governor’s April 2026 directive to reduce interest rates, after monitoring showed some banks had increased rates. Regional directors must convene meetings with local banks, enforce compliance, address violations within their authority, and report them to the central bank, which will continue to monitor deposit and lending rates and stand ready to support system liquidity through monetary policy measures.
SupervisionReviews, inspections & stress tests
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2026-05-22•Belize•Central Bank of Belize
The Central Bank of Belize hosted the 66th Bi-Annual Meeting of CARICOM Central Bank Governors, which reviewed regional work on payments modernisation, supervisory cooperation, cybersecurity and climate finance. Governors noted continued resilience of Caribbean economies and highlighted financial stability and policy coordination, while receiving updates on the pilot phase of the CARICOM Payment and Settlement System for instant cross-border payments, the Caribbean Regional Green Taxonomy, a proposed regional bond initiative for climate-resilient infrastructure and the V20 Lifeline Fund Initiative.
Policy & regulationImplementation, projects & pilotsCross-border cooperationFinancial stability and systemic risk
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2026-05-22•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has granted Týr Markets AS authorization under Article 63 of the Markets in Crypto-Assets Regulation to provide crypto-asset services in Norway, marking the first such approval for a virtual currency exchange platform under the country’s crypto-asset regime. Effective 18 May 2026, the authorization covers safeguarding and administering crypto-assets for clients, exchanging crypto-assets for funds or other crypto-assets, and providing transfer-related services on behalf of clients.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-22•Greece•Bank of Greece
The Bank of Greece said Greece’s current account deficit narrowed to EUR 2.3 billion in March 2026, driven mainly by a smaller goods deficit and a stronger services surplus. For the first quarter, the deficit widened to EUR 7.0 billion because weaker secondary and primary income more than offset improvements in goods and services. Reserve assets stood at EUR 21.4 billion at end-March 2026.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported that the annualised current account surplus rose to 4.3 percent of GDP in the first quarter of 2026, 1.9 percentage points higher than a year earlier, extending a three-year surplus run and 10 consecutive quarters of positive results. On a quarterly basis, the surplus reached USD 4.463 billion, driven mainly by a USD 5.990 billion widening in the goods trade surplus due to improved terms of trade, higher non-traditional fishery and agricultural exports, increased zinc and coffee shipments, and sustained remittance inflows.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has established a public framework to list natural and legal persons that breach laws governing non-bank financial activities, comprising a warning list, a negative list and an administrative measures list. Names are added following an internal review and approval by the chair, with provisions for temporary listings, prior notification and hearing, free appeals, and periodic review and removal when grounds no longer apply.
Policy & regulationRules & requirementsOther
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2026-05-22•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance reported that Superintendent Guillermo Plate represented Argentina at the International Association of Insurance Supervisors’ Implementation and Assessment Committee and Standards and Supervision Committee meetings in Basel on 19–20 May 2026, consolidating its permanent role in the former and recent membership in the latter. Discussions covered risk-based solvency, climate risks, protection gaps, operational resilience, inclusive insurance, and implementation of standards and supervisory tools for emerging markets. Plate also used his role as President of the Association of Latin American Insurance Supervisors to pursue bilateral engagements on priorities for Latin American emerging and developing markets.
Policy & regulationCooperationCross-border cooperationSupervision process and methodologies
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2026-05-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement opposing Kevin Warsh’s swearing in as Chair of the Federal Reserve. She said Warsh had damaged his credibility, put President Donald Trump’s political interests ahead of U.S. families, and tied Federal Reserve ethics concerns to his refusal to disclose the source of USD 100 million in what she called secret investments.
OtherLeadership change and appointments
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2026-05-22•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Chairman Tim Scott following Kevin Warsh’s swearing-in as Chair of the Federal Reserve Board of Governors. Scott highlighted Warsh’s experience and said he expects him to restore trust in the Federal Reserve, safeguard its independence and maintain its focus on stable prices and maximum employment amid concerns over costs and affordability for U.S. households and small businesses.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-22•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority said its president attended an ESMA conference in Paris on the future of EU capital markets and related reform efforts. Topics included market integration, supervision, infrastructure, digitalization and investor protection, with the authority linking its participation to Montenegro's alignment with European standards.
Policy & regulationCooperationCross-border cooperationMarket development
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2026-05-22•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services reported that the House passed the 21st Century ROAD to Housing Act by a 396-13 vote, with leaders describing it as a bipartisan compromise aligned with a Senate bill. Chairman French Hill highlighted negotiations that removed prior provisions and noted a measure to prevent institutional investors from outbidding households for single-family homes without cutting housing funding, adding that President Trump has indicated he will sign the bill if approved by the Senate.
Policy & regulationRules & requirementsOther
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2026-05-22•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD129.5 billion as at 15 May 2026, sufficient to finance 4.6 months of imports of goods and services and equal to 0.9 times total short-term external debt. The central bank noted that short-term external debt, mainly bank and multinational borrowing from non-residents, is typically serviced from external asset holdings and does not normally claim on its reserves.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee’s Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing on modernizing the U.S. anti-money laundering framework, including proposed changes to Bank Secrecy Act requirements and Financial Crimes Enforcement Network programs. Members and witnesses examined reforms to Suspicious Activity Report and Currency Transaction Report thresholds, duplication in customer information collection, and the lack of effectiveness data and feedback from FinCEN required under the Anti-Money Laundering Act of 2020.
Policy & regulationReform agendas & prioritiesAML and CFTRegulatory burden
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published a staff working paper using firm-level data from Türkiye to assess whether pre-Covid-19 digital investment improved firms’ resilience during the pandemic. The research finds that more digitalised firms outperformed comparable peers in 2020–2021 across assets, sales, employment, profitability and exports, with effects strongest for micro and small firms. It attributes these gains to channels including more trading partners, longer-distance trade, lower labour churn and higher productivity, and notes that robustness checks support the results.
ResearchFintech and insurtech
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published Staff Working Paper No. 1,183, using its early-1980s overfunding policy as a historical analogue for quantitative tightening and empirically assessing its effects. The paper finds that excess gilt issuance raised long-term yields and lowered short-term rates, with limited impact on inflation and monetary aggregates, and that portfolio balance effects operated mainly through duration risk. It concludes that modern balance sheet policy frameworks can be applied to this episode and that different quantitative tightening channels can help calibrate balance sheet unwind.
Research
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2026-05-22•United Kingdom•Bank of England
The Bank of England has published Staff Working Paper No. 1,182 on confidence measures in European unemployment dynamics, finding that firm and household confidence mainly reflects news about future non-technological conditions and explains around 50% of unemployment variance at business-cycle frequency. Using a panel of 22 European countries, the authors identify a mildly inflationary transitory demand shock, highly negatively correlated with long-run unemployment disturbances, that raises investment, wages, interest rates, fiscal surplus and vacancies, and lowers professional forecasters’ unemployment expectations.
ResearchOther
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2026-05-22•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has directed commercial banks to keep designated branches open on Saturday and Sunday, 23 and 24 May 2026, to facilitate over-the-counter payment of government duties and taxes at the request of the Federal Board of Revenue. The instruction covers Saturday-opening branches of all commercial banks, including National Bank of Pakistan customs-collecting branches, which must operate from 09:00 to 15:00 and remain open on 24 May as needed to support special NIFT clearing and ensure uninterrupted online payment channels.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-05-22•Croatia•Croatian National Bank
The Croatian National Bank has launched a public tender to sell, as a single lot, 3,464.2 tonnes of kuna and lipa coins and blanks it owns. The purchaser must collect and recover the material.
Policy & regulationImplementation, projects & pilotsProcurement
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2026-05-22•Ireland•Central Bank of Ireland
The Central Bank of Ireland plans to extend the modernised Consumer Protection Code 2025 to all credit union activities, closing gaps in statutory protections, including for mortgages, and supporting more digital delivery models. It highlighted new requirements on securing customers’ interests, recognising vulnerability and financial abuse, improving information, and ensuring transparent, cyber-resilient digital services, noting that implementation costs are manageable. The Bank will also consult on a regulatory framework for credit union shared service organisations and encouraged credit unions to expand their role in financial literacy and wellbeing under Ireland’s National Financial Literacy Strategy.
Policy & regulationRules & requirementsOther
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2026-05-22•Indonesia•OJK
The Indonesia Financial Services Authority held hybrid public lectures at three universities as part of the Road to Risk and Governance Summit 2026 to promote governance, risk management and integrity among higher-education students. OJK highlighted geopolitical risk, disinformation, cyberattacks, digital disruption and artificial intelligence as drivers for stronger governance and cyber resilience in a financial sector with assets of about IDR 30,000 trillion, and promoted the 2026 Summit and its Innovation Paper Competition for students.
Financial literacy & educationCorporate governance
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2026-05-22•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority’s 2026 Financial Center brochure reports further 2025 growth in banking, asset management, funds and insurance, with capital, liquidity and solvency at appropriate levels. Client assets at the 11 banks rose 6.8 percent to CHF 538.0 billion, asset management company client assets 6.5 percent to CHF 57.7 billion, fund volume reached CHF 119.9 billion and insurance premium income CHF 4.90 billion with a solvency ratio of 189 percent. Around 19 percent of employees work in financial services or related activities, and over 50 percent of income tax revenue comes from the sector.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-22•Indonesia•Bank Indonesia
The Bank of Indonesia reported that April 2026 broad money (M2) grew 9.2% year on year, down from 9.7% in March, to IDR 10,253.7 trillion, supported by 13.6% growth in narrow money and 4.7% growth in quasi-money. The M2 expansion was driven mainly by net claims on central government, which rose 38.6%, and disbursed loans, which accelerated to 9.4%.
Data & statisticsMonetary data
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2026-05-22•Indonesia•Bank Indonesia
Bank Indonesia reported a USD9.1 billion balance of payments deficit in Q1 2026, with reserves at USD148.2 billion, covering 5.8 months of imports and government external debt service. The current account deficit widened to USD4.0 billion (1.1% of GDP), while the capital and financial account posted a USD4.9 billion deficit, driven by higher primary income outflows and other investment deficits despite continued direct and portfolio investment surpluses. The central bank expects the balance of payments to remain sound in 2026, with the current account deficit at 0.5%–1.3% of GDP, and will adjust its policy mix with the government and other authorities.
Monetary policyMonetary policy assessments & outlooksBalance of payments and other external statistics
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2026-05-22•Global•The Wolfsberg Group
The Wolfsberg Group’s 2026 annual forum convened over 100 public and private sector participants from more than 20 countries to build consensus on a financial crime risk management framework focused on effective outcomes and innovation in anti-money laundering and countering the financing of terrorism. Participants developed a repository of effectiveness key performance indicators, discussed risk-based supervision and information sharing, and designed cross-border operational sprints targeting fentanyl networks, trade-based money laundering, fraud scams and terror finance cells, with national financial intelligence units and policymakers pledging support.
Policy & regulationCooperationAML and CFT
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2026-05-22•Georgia•National Bank of Georgia
The National Bank of Georgia reiterated that sustainability reporting is key to banking sector and capital market development and stressed the need to develop assurance services. First Vice President Ekaterine Mikabadze highlighted the bank’s ESG guidelines for commercial banks, ESG reporting and disclosure framework, and work on a regulatory framework for green, social, sustainability and sustainability-linked bonds, noting that high-quality sustainability information and assurance can support investor confidence and reduce greenwashing risk.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-05-22•Georgia•National Bank of Georgia
The National Bank of Georgia President Natia Turnava participated in a working meeting with commercial banks and microbanks organized by the Georgian Banking Association to discuss around 20 issues, including the state of the banking sector, current challenges and future plans. Turnava said such meetings strengthen coordination between the central bank and banks and support faster responses to challenges for the benefit of consumers.
Policy & regulationCooperationDomestic cooperation
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2026-05-22•Global•International Monetary Fund
The International Monetary Fund released a podcast in which Barry Eichengreen and Chima Simpson-Bell discuss shifts in the global reserve currency landscape, drawing on a recent National Bureau of Economic Research paper. They note that global volatility tends to increase demand for the US dollar, sanctions can redirect reserves toward gold, and alternative reserve currencies are starting to emerge.
ResearchCurrency and cash management
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2026-05-22•Italy•Bank of Italy
Bank of Italy Deputy Governor Chiara Scotti described the digital euro as a public European means of payment issued by the European Central Bank, distributed via private intermediaries, free for basic use and designed to complement cash with a focus on simplicity, accessibility, privacy and broad acceptance. She highlighted work with Spain’s ONCE Foundation to ensure usability for people with disabilities and the Bank of Italy’s lead role in a six‑central‑bank consortium building the Digital Euro Service Platform for secure real-time settlement. Scotti also distinguished the digital euro from stablecoins and cryptoassets, calling the latter privately issued or high-risk investment instruments rather than money.
Policy & regulationImplementation, projects & pilotsCBDC
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2026-05-22•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved rulemaking, supervisory and registration decisions, including draft laws to amend anti-money laundering rules for politically exposed persons, introduce risk-based financial monitoring, and establish securitization and covered bonds regimes with related Tax Code changes. It restricted securities of joint-stock companies, other companies and collective investment institutions, lifted restrictions on PrJSC Kyivmiskoformlennia, and registered corporate investment funds, NovaPay Credit’s series N and O bonds, and ProCredit Bank’s share capital structure.
Policy & regulationRules & requirementsAML and CFTSecurities offerings and listings
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2026-05-22•Ukraine•National Bank of Ukraine
The National Bank of Ukraine has issued a call for papers for its 10th Annual Research Conference, to be held with the National Bank of Poland in Kyiv on 21–22 September 2026 under the theme “Central Banks Response to Future Challenges: Resilience, Credibility, and Innovation.” Topics include central bank independence, fiscal dominance, wartime and postwar reconstruction, public trust and communication, geopolitical fragmentation, macrofinancial stability, and the macroeconomic and analytical implications of artificial intelligence, machine learning and big data, with a keynote by Nobel Laureate Simon Johnson.
Research
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2026-05-22•Denmark•National Bank of Denmark
The National Bank of Denmark reports sharply rising demand at its three exchange points ahead of the 31 May 2026 deadline to submit DKK 1000 banknotes from the 2009 and older series, after which they become invalid and worthless. Since November 2023, total submissions have reached DKK 21.1 billion, with more than 43,000 submissions and over DKK 200 million processed at the exchange points since December 2024, and the bank expects long queues and strict documentation checks for individuals and businesses.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-05-22•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets has issued a consumer warning on a sharp increase in fraud attempts using varied and convincing pretexts to obtain personal and banking data. The alert details schemes involving fake parcel deliveries, telecom operator calls, loan approvals, prize or inheritance claims, and requests from purported state or utility staff, and urges consumers not to share personal or banking details, avoid suspicious links or apps, and immediately contact their bank and the police if targeted.
SupervisionAlertsFraud and scams
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2026-05-22•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets under the Ministry of Economy and Commerce of the Kyrgyz Republic reported on its role in implementing the State Anti-Corruption Strategy for 2025-2030, focusing on anti-corruption culture, transparency, integrity in the business environment, prevention mechanisms and business ethics standards. It is carrying out measures under the 2025-2027 action plan and the 2026-2027 State Program of Anti-Corruption Information Policy, linking these to broader work on financial market transparency and corruption prevention.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-22•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission issued a circular setting controls for account opening and client relationship maintenance after a review of 12 brokers found serious due diligence weaknesses and questionable or forged documents. Licensed corporations must conduct internal reviews, close accounts opened with such documents and zero-balance dormant accounts for Mainland Chinese investors, tighten settlement and funding channels, and ensure compliance with Hong Kong and overseas requirements, with the Commission warning that serious lapses may lead to enforcement action.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2026-05-22•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission has warned of a scam targeting residents in which callers impersonate HSBC and seek personal and banking details using unauthorised phone numbers. The alert forms part of a broader warning about rising scams and unauthorised business, with criminals impersonating local professionals, authorities, regulators and well-known organisations using cloned websites, copied branding and AI-generated content. The Commission urged consumers to verify firms via official channels, avoid sharing sensitive information and report suspected scams to the Commission, police and their bank.
SupervisionAlertsFraud and scams
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2026-05-22•China•Central Bank of the Republic of China
The People's Bank of China and the Ministry of Finance held the fourth heads' meeting of their joint working group to review coordination outcomes and discuss support for stable financial markets, enhanced fiscal-financial coordination, and development of the offshore renminbi government bond market. The meeting agreed that closer fiscal and monetary policy coordination should improve the forward-looking, targeted and effective use of macro policy to support the real economy, with the joint working group continuing as the mechanism for implementing more proactive fiscal and moderately loose monetary policies in 2026.
Policy & regulationCooperationDomestic cooperation
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2026-05-22•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported that in April 2026 interbank activity increased sharply, short-term funding costs declined and corporate bond net financing rose, while government bond net financing eased and total bond market custody reached CNY 200.7 trillion. The renminbi appreciated against the US dollar in the interbank foreign exchange market, government bond futures turnover and open interest increased, and major equity indices recorded gains.
Monetary policyMonetary policy instruments & operationsMonetary dataFinancial and market indicators
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2026-05-22•Europe•European Central Bank
The European Central Bank’s biennial quality report on euro area and national balance of payments, international investment position and reserves statistics finds broad compliance with timeliness and coverage, but persistent weaknesses in methodological soundness, monthly data quality, internal consistency and intra-euro area asymmetries. Recurring issues include special purpose entity coverage, geographical allocation, functional classification of direct investment and trade credits, financial derivatives coverage, reconciliation of positions and flows, high net errors and omissions, and discrepancies with sector accounts, despite targeted improvements since 2023. The European System of Central Banks Statistics Committee has endorsed a strategy to implement revised national accounts and IMF BPM7 standards in Europe by decade-end, with the current assessment still based on BPM6.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Europe•European Central Bank
The European Central Bank approved Governing Council measures on financial stability publications, TARGET services and banking supervision, including the May 2026 Financial Stability Review, revised T2/Real-Time Gross Settlement pricing and TARGET rulebook changes, and new supervisory material on climate and nature risks, sanctioning activity and European Banking Authority guideline compliance. The new T2/RTGS pricing raises fixed monthly fees and recalibrates volume-based bands to support full cost recovery, while TARGET amendments add the European Payment Council’s One-Leg Out Instant Credit Transfer scheme. The ECB also approved publication of its June 2026 report on the international role of the euro and reported 370 sanctioning proceedings and EUR 57.15 million in fines in the 2025 Single Supervisory Mechanism sanctioning report.
Policy & regulationRules & requirementsMacroprudential policy and toolsFinancial stability and systemic risk
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2026-05-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of Tajikistan reported a meeting between its chairman and international investment firms on the country’s economic outlook, banking reforms and investment opportunities. The bank highlighted progress in adopting international standards and expanding digital financial services, including payment cards, electronic wallets and non-cash transactions, and identified green economy financing, digital infrastructure and small and medium-sized enterprises as priority areas for foreign investors. Both sides expressed interest in continued cooperation.
Policy & regulationCooperationCross-border cooperation
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2026-05-22•Europe•European Central Bank
The European Central Bank reported that its total assets and liabilities rose by EUR 7.324 billion over the week to EUR 6.186 trillion, driven mainly by higher other assets, foreign-currency claims on non-euro area residents, and lending to euro area credit institutions. On the liabilities side, deposits of euro area credit institutions related to monetary policy operations declined, while liabilities to non-euro area residents in euro and banknotes in circulation increased.
Data & statisticsBalance of payments and other external statistics
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2026-05-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of a foreign exchange purchase auction with 11 participants and satisfied bids between USD 700,000 and USD 10,000,000. The weighted average exchange rate was 9.2798 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-22•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency approved two new open-ended public investment funds, adopted new reporting measures for investment fund classification and insurance distributors, and issued governance and licensing decisions across insurance, leasing and fund management. It will comply with joint European Supervisory Authorities guidelines on environmental, social and governance stress testing under Directives 2013/36/EU and 2009/138/EC, and closed an indirect supervision case involving ADRIATIC ZAGREB FACTORING after remediation of earlier breaches.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-22•Europe•European Banking Federation
The European Banking Federation Board set priorities on capital, resilience and integration, warning Europe will struggle to close a EUR 1.4 trillion annual investment gap without a simplified regulatory and supervisory framework that better supports lending and growth. Citing preliminary Oliver Wyman findings, it said overlapping capital buffers and supervisory add-ons constrain banks’ lending capacity and called for fundamental simplification, while backing a phased digital euro that reuses existing payment standards, maintains holding limits and is accompanied by predictable rules on technology, AI risks and digital fraud.
Policy & regulationReform agendas & prioritiesCapital adequacyFinancial stability and systemic risk
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2026-05-22•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia expanded its Masters of the Digital Future education project beyond Slovenia by launching an international debating tournament for secondary school teams from seven European countries, culminating in a final on the introduction of a digital euro won by Slovakia. Now in its third school year, the project aims to engage young people with digitalisation in banking, advanced payment methods and current economic trends, with this year’s edition focusing on the euro in the digital age and the advantages and disadvantages of a digital euro.
Financial literacy & educationFintech and insurtech
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2026-05-22•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam published Brunei Darussalam’s Business Sentiment Index (BSI) for March 2026 and introduced a revised methodology using the full 0.0–100.0 scale while retaining 50.0 as neutral, with historical data recalculated for comparability. Under the revised series, the current business conditions index rose sharply to 76.2 in March from 42.4 in February, while the one month ahead reading of 52.6 signalled slight optimism, with strong investment sentiment, weak employment, elevated but easing costs, and wide sectoral divergences.
Data & statisticsEconomic data and developments
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2026-05-22•Romania•Ministry of Finance (Romania)
Romania’s Finance Minister Alexandru Nazare is attending the informal ECOFIN meeting in Nicosia, where Romania will prioritise fiscal consolidation, full use of EU funds and financing for strategic investment to cut the budget deficit while supporting recovery. The ministry noted access to EUR 16.68 billion under the SAFE agreement, over 60 percent implementation of its National Recovery and Resilience Plan, and talks with the European Commission on the remaining EUR 10 billion in grants and loans. ECOFIN will also discuss revisions of national recovery plans, the new EU economic governance framework, common defence and energy financing tools, critical raw materials and stablecoins in international payment systems.
Policy & regulationReform agendas & prioritiesCross-border cooperationMarket development
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2026-05-22•Vietnam•State Bank of Vietnam
The State Bank of Vietnam announced the opening of the 2026 Banking Sector Digital Transformation Contest, organised by the Vietnam Banking Trade Union to build digital knowledge and practical capability across the banking system. The contest gathers 32 teams from banks, State Bank units, foreign banks and fintech companies, and comprises three rounds focused on digital transformation messaging, a live knowledge test and proposals to improve governance, processes and digital banking development.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2026-05-22•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism will use a single regulatory instrument to set one framework for obliged entities operating within a group and for those with branches or subsidiaries in third countries. The draft standards address group-wide policies, procedures and controls and seek to ensure equivalent standards in third-country jurisdictions, including where legal impediments arise, with over 650 stakeholders joining a related public hearing.
Policy & regulationRules & requirementsAML and CFT
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2026-05-22•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway found that a primary insider in SPOL breached the transaction reporting duty under Article 19 of the Market Abuse Regulation and section 3-1 of the Securities Trading Act, imposing an administrative fine of NOK 80,000. The insider reported a NOK 771,459 trade in 3,926 equity certificates almost three weeks after execution, despite the transaction exceeding the annual EUR 5,000 threshold and being subject to a three-day reporting deadline. The authority stressed that primary insiders are expected to know and comply with the regime and rejected unfamiliarity with the rules as a mitigating factor.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-22•Global•International Monetary Fund
The International Monetary Fund’s Article IV consultation for Spain found the economy remains strong but urged rebuilding fiscal space and addressing medium-term constraints. Directors called for faster, growth-friendly fiscal consolidation, including phasing out energy support, further pension and VAT reforms, and a medium-term fiscal strategy, while noting sticky inflation, low systemic financial risks, and rising housing pressures. They supported borrower-based mortgage measures, further progress on Financial Sector Assessment Program recommendations, active labor market policies, innovation, and housing supply measures.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-22•Global•International Monetary Fund
The IMF’s Article IV consultation for Hong Kong SAR found 2025 growth exceeded expectations, with real GDP above its pre-pandemic level, but an incomplete recovery and medium-term growth projected at about 2¼ percent amid risks from weaker external demand and domestic commercial real estate. It judged the expansionary 2026 fiscal stance appropriate but urged stronger medium-term consolidation, broader revenue reforms, tighter oversight of highly leveraged corporates, enhanced stress testing, continued property macroprudential measures, better targeted public housing, crypto and tokenization regulation under “same activity, same risk, same regulation,” stronger climate finance safeguards, and steps to raise labor force participation.
Policy & regulationGuidance & interpretationEconomic data and developments
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2026-05-22•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that the Full Federal Court re‑sentenced former investment manager Rodney Forrest to five years and three months’ imprisonment for insider trading and procuring others to trade in more than AUD 3 million of Platinum Asset Management shares, reducing his original six‑year term after finding error in how his false denials were treated. The Court maintained a three‑year non‑parole period and emphasised the seriousness of the premeditated offending and the importance of general deterrence.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-22•Andorra•Ministry of Finance (Andorra)
Andorra’s Ministry of Finance has approved a new decree on restrictive measures against Russia, incorporating the EU Council’s nineteenth and twentieth sanctions packages and expanding measures in the financial, energy, trade and technology areas. The decree adds 120 new designations and updates Annexes 1 and 2 to 2,469 natural persons and 1,636 legal persons, including entities linked to Russia’s military-industrial complex. It also introduces new restrictions on Russian payment systems, crypto-assets, certain financial entities, special economic zones, professional services, software, intellectual property, maritime insurance and liquefied natural gas services.
Policy & regulationRules & requirementsNew sanctions designationsSanctions list update
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2026-05-22•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) Executive Board under Governor Martin Kocher has set a strategy to 2028 that maintains price and financial market stability as its core mandate while increasing openness, public visibility and technological capabilities. The plan centres on flagship projects, including strengthening economic policy expertise and data sharing, leading work on the digital euro while supporting cash, expanding public outreach and financial education, and using artificial intelligence internally within regulatory and security constraints. The OeNB also aims to simplify internal processes, address rural cash access via its own ATMs, and build a stronger voice in European and international policy debates.
Institutional developmentMandate & organizational structureCBDC
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2026-05-22•Europe•European Commission
The European Commission convened a Brussels meeting on private biodiversity financing to address the EUR 37 billion annual biodiversity funding gap and mobilise private capital alongside constrained public funds. Around 100 policymakers, financial institutions and private-sector leaders discussed scaling innovative mechanisms, including biodiversity metrics and nature credits, in line with the Commission’s 2025 Roadmap Towards Nature Credits and preparations for CBD COP17, which targets EUR 200 billion a year in biodiversity investment by 2030.
Policy & regulationCooperationClimate risk and sustainable financeMarket development
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2026-05-22•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported faster annual growth in money supply and credit in April 2026, with M1B up 8.25 percent and M2 up 6.45 percent, driven by net capital inflows and stronger bank lending and investment. Total outstanding loans and investments of monetary financial institutions rose 1.01 percent month-on-month and 8.61 percent year-on-year, with broader credit measures including life insurers’ lending growing 7.06 percent annually.
Data & statisticsMonetary data
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2026-05-22•United States•U.S. Department of Justice
The U.S. Department of Justice unsealed an indictment in the Eastern District of Virginia charging Chinese nationals Ruhuan Zhen and Hongce Wu with conspiracy to commit money laundering for transnational criminal organizations, including the Sinaloa Cartel and Cartel de Jalisco Nueva Generación. Prosecutors allege that from at least November 2016 through April 2025 the defendants used mirror transfers, foreign bank accounts, encrypted communications, serial-number verification and trade-based money laundering to move narcotics proceeds across the United States, Mexico, Latin America and China. A federal grand jury indicted both men on April 24, 2025; they remain at large and each faces up to 20 years in prison if convicted.
EnforcementInvestigations & enforcement actionsAML and CFT
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2026-05-22•United States•U.S. Department of Justice
The United States Department of Justice announced that Regions Bank will pay USD 4.92 million to resolve allegations that it received federal funds after approving forgiveness of a Paycheck Protection Program loan that was not eligible for forgiveness. The United States alleged that Regions was unjustly enriched by Small Business Administration payments tied to the ineligible loan forgiveness. The settlement resolves allegations only and does not determine liability.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-22•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported April 2026 Taipei foreign exchange market net trading volume of USD 932.2 billion, with average daily turnover of USD 46.6 billion across authorized foreign exchange banks and offshore banking units. Interbank trades accounted for 72.6% of turnover, New Taiwan dollar against US dollar was the largest currency pair at USD 432.2 billion, and foreign exchange swaps were the main instrument at USD 509.2 billion, ahead of spot transactions at USD 357.9 billion.
Data & statisticsForeign exchange policy and markets
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2026-05-22•Czech Republic•Czech National Bank
The Czech National Bank announced that interest on the Bond of the Czech Republic 2021–2032 1.75/32 (ISIN CZ0001006233) and on stripped coupon No. 5 (ISIN CZ0000704549) will be paid on 23 June 2026. Interest will be paid by non-cash transfer to holders recorded in the Czech Securities Centre as of the record date on 24 May 2026, subject to written instructions and supporting documents delivered to the administrator.
Monetary policyOtherSecurities offerings and listings
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2026-05-22•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance said Second Vice Minister Huh Jang met European Bank for Reconstruction and Development First Vice President Greg Guyett to discuss follow-up on establishing a Korea-EBRD artificial intelligence hub and to call for close coordination to accelerate its launch. Huh also sought EBRD support for greater Korean participation in power infrastructure investments, expanded Korean staffing, and broader cooperation under South Korea’s global AI hub plan with other multilateral development banks.
Policy & regulationCooperationArtificial intelligenceGreen taxonomy
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2026-05-22•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published March 2026 statistics on investment organisations, reporting a rise in the number of organisations to 351 from 350 in December 2025. Total assets increased 3.5 percent to EUR 8,174.3 million from EUR 7,899.0 million, with the data released in the May 2026 edition of Investment Organisations Statistics in Greek and English.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency outlined short-term expectations for supervised financial institutions to address evolving Frontier AI-related vulnerabilities, including treating AI risk as a management issue and strengthening systems for rapid security patch releases. It also highlighted the start of the Business Financing Promotion Act, which aims to shift lending toward future business potential, establish a headquarters to promote business-oriented lending, and support financing for startups, business succession and revitalization, with 20 institutions reporting 26 initiatives using corporate value collateral.
SupervisionInterventionsArtificial intelligenceMarket development
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2026-05-22•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said it hosted the 118th ASBA board meeting in Asuncion, bringing together supervisors and central bank representatives from the Americas and Spain. The sessions focused on banks’ management of geopolitical risks and the growing use of artificial intelligence across fraud detection, credit assessment, automation and compliance. The bank framed the event as reinforcing Paraguay’s role in the regional banking supervision agenda.
SupervisionCooperationCross-border cooperationArtificial intelligence
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2026-05-22•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay held its 10th Economic and Financial Education Fair, bringing together secondary students from 10 institutions across the capital and other regions. The program used interactive learning sessions on the financial system, price stability, payment methods, the securities market and insurance, with participation from the bank, insurance and securities superintendencies.
Financial literacy & educationFinancial literacy and education
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2026-05-22•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank has released a podcast on how reliance on global supply chains for critical goods affects the Dutch economy, highlighting that disruptions in components such as chips can reduce industrial output, lengthen delivery times, raise prices and add to inflation. The episode cites recent shocks including the Covid-19 pandemic, the war in Ukraine, US import tariffs, the war in Iran, the Suez Canal blockage and climate-related disruptions, and argues that coordinated European policy, strategic stockpiles, stronger production of critical intermediates and diversified sourcing can mitigate these vulnerabilities.
Research
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2026-05-22•Indonesia•OJK
Indonesia’s Financial Services Authority said banking fundamentals and intermediation remain intact, with ample liquidity and limited direct foreign exchange risk despite global volatility. Deposit growth stayed robust, foreign currency deposits held at about 15–16 percent, and key liquidity and net open FX position indicators stayed above regulatory thresholds. OJK will monitor second-round effects from rupiah weakness and higher oil prices and coordinate policy and communications with Bank Indonesia and other Financial System Stability Committee members.
SupervisionRisk monitoring & watch pointsLiquidity riskMarket risk and volatility
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2026-05-22•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance said State Secretary Baiba Bāne will represent Latvia at the Eurogroup and informal EU Economic and Financial Affairs Council meetings in Nicosia, where ministers will discuss euro area macroeconomic developments, EU competitiveness, housing affordability, the digital euro, cryptoassets and options for financing EU spending. Latvia backs further progress on the digital euro, including systemic interoperability and a harmonised payments environment, and supports parallel development of private stablecoins with strong anti-money laundering, counter-terrorist financing and proliferation financing controls.
Policy & regulationCooperationCBDC
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2026-05-22•Indonesia•Bank Indonesia
Bank of Indonesia has appointed three new work unit leaders in Jakarta as part of its organisational transformation agenda, effective 1 June 2026. Rudy Brando Hutabarat becomes Head of the Regional Department, Sofwan Kurnia will lead the Banten representative office, and Ameriza M. Moesa will head the North Sumatra representative office.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-22•Indonesia•Bank Indonesia
Bank of Indonesia, the Ministry of Finance, the Financial Services Authority and the Indonesia Deposit Insurance Corporation are strengthening financial literacy and inclusion for young people amid global volatility and rapid digitalisation, focusing on money market development and digital payment innovation, particularly QRIS. The central bank highlighted QRIS adoption by 63 million users and over 45 million merchants, digital talent programmes such as the Indonesia Digital Innovation Centre and Digdaya x Hackathon, and the PeKA consumer protection programme at the grand launch of LIKE IT 2026 in Yogyakarta.
Financial literacy & educationFinancial literacy and education
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2026-05-22•China•China Securities Regulatory Commission
The China Securities Regulatory Commission, with State Council approval and seven other agencies, issued a two-year plan to clean up illegal cross-border securities, futures and fund business targeting overseas institutions serving domestic investors. The plan bans marketing, account opening, trading and fund transfer services for Chinese clients, requires wind-down of existing business, and prohibits domestic entities from providing supporting infrastructure. It also creates an inter-agency mechanism to monitor and investigate cases, remove related online content, supervise banks’ account and foreign exchange services, and strengthen lawful overseas investment channels.
Policy & regulationImplementation, projects & pilotsUnlicensed or unauthorized activity
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2026-05-22•China•China Securities Regulatory Commission
The China Securities Regulatory Commission and seven other agencies issued a joint plan to crack down on illegal cross-border securities, futures and fund business by overseas institutions using unapproved onshore marketing, account opening, trading and fund transfer channels. The plan sets a two-year rectification period during which existing investors may only sell and withdraw funds, bans domestic platforms from providing related support, and requires overseas institutions to shut domestic-facing websites, apps and servers. Authorities will coordinate enforcement and direct investors to authorised channels such as Hong Kong Stock Connect and Qualified Domestic Institutional Investor schemes.
Policy & regulationRules & requirementsCross-border payments
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2026-05-22•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has opened investigations and issued prior notice of administrative penalties against Tiger Brokers NZ, Futu Securities International Hong Kong, Longbridge Securities Hong Kong and related entities for conducting securities business in China without approval. The CSRC found they also illegally engaged in public fund sales and futures brokerage, and plans to confiscate illegal gains and impose penalties under the Securities Law, Securities Investment Fund Law and Futures and Derivatives Law. The parties may make statements, present arguments and request a hearing before final decisions.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-05-22•Italy•Bank of Italy
The Bank of Italy’s Italian Housing Market Survey for the first quarter of 2026 reports intensified house price increases, smaller discounts on asking prices and shorter selling times. Housing demand weakened while supply remained constrained, brokered sales declined year-on-year, and credit access conditions stayed relaxed with limited impact on delistings. Rents continued to rise but at a slower pace, especially in urban areas, and estate agents expect market conditions to worsen, particularly over longer horizons.
Data & statistics