-
2026-05-22•Russia•Central Bank of Russia
The Central Bank of Russia reported that individual investment account assets rose 9% in 2026 Q1 to RUB 969 billion, with net inflows of RUB 64 billion, double the level a year earlier, amid a shift from bank deposits to securities. Russian bonds remained the main holding at 45% of portfolios, concentrated in long-term federal government bonds and high-rated issuers, while the number of active accounts reached 6.5 million, including about 1.6 million type 3 accounts.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-05-22•Hungary•National Bank of Hungary
At the informal ECOFIN meeting in Nicosia, National Bank of Hungary Governor Mihály Varga said heightened European and global uncertainty increases the importance of predictability, stability and cooperation among independent central banks. He said the bank is focusing on resilience, stronger international ties and constructive work with the government to meet the Maastricht criteria for euro area entry. He highlighted record foreign exchange reserves of about EUR 60 billion and 110 tonnes of gold, noted that inflation has returned to the central bank’s tolerance band, and reported an appreciation of the EUR/HUF exchange rate to below 360 from 410.
Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic riskDomestic cooperation
-
2026-05-22•Greece•Ministry of National Economy and Finance (Greece)
The Greek Ministry of National Economy and Finance said Eurogroup ministers will review European Commission forecasts that lower growth and raise inflation expectations, with Kyriakos Pierrakakis warning of stagflationary pressures and urging temporary, targeted energy crisis measures to avoid a fiscal crisis. He stressed support must match national fiscal capacity amid bond market volatility and cited International Monetary Fund analysis that energy measures since 2020 reduced the impact by 12 percent, adding that any new steps should align with longer-term energy policy. The Eurogroup will also exchange approaches on housing and discuss the timetable for adopting a digital euro, based on the European Central Bank’s proposed 2029 horizon.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
-
2026-05-22•Ukraine•National Bank of Ukraine
The National Bank of Ukraine has signed a Statement of Commitment to the FX Global Code, confirming that it conducts its foreign exchange market activities in line with the Code’s principles and has aligned its practices accordingly. The statement has been published on the central bank’s website and will be added to the Global Index of Public Registers, joining over 1,500 FX market participants, including 56 central banks, that have committed to the Code.
Policy & regulationInternational standards & recommendationsForeign exchange policy and markets
-
2026-05-22•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Hong Kong Financial Services and the Treasury Bureau has gazetted three pieces of subsidiary legislation made by the Insurance Authority to implement Pillar 3 public disclosure requirements and revise the insurance risk-based capital regime. The measures introduce mandatory public disclosure for in-scope insurers and update valuation and capital rules, including preferential treatment for eligible infrastructure investments linked to the Chinese Mainland and Hong Kong, revised catastrophe and reserve risk charges, relief for certain offshore reinsurance, a matching adjustment for indexed universal life business, updated treatment of crypto assets and specified stablecoins, and refinements to the countercyclical adjustment.
Policy & regulationRules & requirementsCapital adequacyDisclosures
-
2026-05-22•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities & Futures Commission secured the conviction of former Pegasus Entertainment Holdings Limited chairman and controlling shareholder Wong Pak Ming for insider dealing in Pegasus shares. The Court found that Wong misused non-public, price-sensitive information about the sale of his controlling stake, including a memorandum of understanding and HKD 10 million earnest money, to fund and direct his sister’s share purchases, from which she gained profits estimated at over HKD 1 million. Sentencing is scheduled for 9 June 2026.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2026-05-22•Sweden•Riksbank
The Riksbank published Deputy Governor Göran Hjelm’s first speech, arguing that monetary policy should, where possible, look through temporary supply-driven inflation when shocks also weaken the real economy, provided communication is clear and fiscal policy and wage formation prevent broad, persistent inflation. He said the sharp tightening in 2022–2023, raising the policy rate from 0% to 4%, was justified, but supported leaving the rate unchanged on 6 May given more favourable conditions and a medium-sized shock from the war in the Middle East. Hjelm called for greater use of structural models and expanded scenario work to strengthen interaction between monetary, fiscal and wage-setting frameworks.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2026-05-22•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority has appointed Simon Brönnimann as Head of the Recovery and Resolution division and member of the Executive Board, formalising a role he has held on an interim basis since April 2026. He succeeds Alain Girard, now Head of the Banks division, and brings experience overseeing small banks and securities firms as well as leading supervision of UBS and the CS Group, including post-Credit Suisse crisis work.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2026-05-22•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines published survey results showing formal account ownership among Filipino adults rose to 58 percent in Q1 2026 from 48 percent in Q1 2025, exceeding levels in its 2025 Consumer Finance and Inclusion Survey. E-money accounts drove the increase, while lack of money, unemployment, and limited knowledge remained key barriers, and the findings will inform the central bank’s financial education and communication initiatives, including Paleng-QR Ph Plus.
Data & statisticsFinancial inclusion
-
2026-05-22•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines approved a reform allowing banks to hold a Positive Neutral Countercyclical Capital Buffer, reallocating part of existing Common Equity Tier 1 capital into a releasable buffer to support lending during stress without increasing capital requirements. Of the 6 percent minimum Common Equity Tier 1 requirement, 1.5 percent will be designated as the buffer, leaving a 4.5 percent minimum in line with Basel III, with phased implementation for universal, commercial and digital banks.
Policy & regulationRules & requirementsCapital adequacy
-
2026-05-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has reissued the licence of Spitamen Insurance LLC following a change in the company’s location. The re-registration covers its insurance activity under the agreed insurance classes and its reinsurance activity.
SupervisionAuthorisations & approvalsOther
-
2026-05-22•Serbia•National Bank of Serbia
The National Bank of Serbia has published draft amendments to the Law on the Protection of Users of Financial Services to complete alignment with European Union rules. The draft introduces a detailed regime for credit intermediaries, extends pre-contractual information duties to merchants offering deferred payment or similar financing, brings certain merchant financing under licensing and supervision, and for the first time regulates debt advice services. It also refines existing rules based on implementation experience.
Policy & regulationRules & requirementsConsumer and investor protectionPrudential risks
-
2026-05-22•Ireland•Department of Finance (Ireland)
Ireland’s Department of Finance outlined Minister of State Robert Troy’s agenda for informal Eurogroup and ECOFIN meetings in Cyprus, including euro area macroeconomic developments, the European housing market and the digital euro, which Ireland aims to advance during its upcoming EU Council Presidency. The informal ECOFIN programme will also address EU competitiveness, stablecoins, and options to meet higher spending and investment needs without compromising long-term fiscal sustainability, with input from the International Monetary Fund and the European Court of Auditors.
Policy & regulationCooperationStablecoins
-
2026-05-22•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published a supervisory report on Isha Consulting AS, identifying ongoing deficiencies in anti-money laundering compliance and accounting engagements despite earlier corrections. It found incomplete firm-level anti-money laundering risk assessments and procedures, inadequate customer due diligence documentation in three engagements, and weaknesses in engagement letters, balance sheet reconciliations, reporting, documentation of client communications, and timing of quality control. The firm has since confirmed and documented corrective measures.
SupervisionReviews, inspections & stress testsAML and CFTCompliance
-
2026-05-22•Zambia•Bank of Zambia
In symposium remarks, the Bank of Zambia said sovereign assets make up about one-third of banking sector assets and highlighted the resulting need for stronger capital and currency measures. It pointed to the revised Capital Adequacy Rules and 2025 Currency Directives as the main response, combining tighter risk-sensitive capital standards with rules to reinforce kwacha use in domestic transactions while preserving legitimate cross-border financing. The central bank said it will keep monitoring implementation and adjust its tools where needed.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
-
2026-05-22•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission and the Australian Prudential Regulation Authority have published public notes from a 15 April 2026 roundtable with 19 life insurance chief executives and other industry representatives. The session, hosted by ASIC Commissioner Alan Kirkland and APRA Member Suzanne Smith, also included participants from Treasury and the Council of Australian Life Insurers.
Policy & regulationCooperationOther
-
2026-05-22•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission warned companies and business name holders about unsolicited letters and emails from third-party providers offering assistance with annual reviews or business name renewals that may appear to be from ASIC. It reminded businesses they are not required to use such providers, set out disclosure expectations for third parties, and advised recipients to verify communications via ASIC channels and report suspicious approaches.
SupervisionAlertsFraud and scams
-
2026-05-22•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission published notes from an April 2026 life insurance CEO roundtable on the worsening sustainability of total and permanent disability insurance, driven by deteriorating claims experience, especially mental health related claims. The discussion focused on product design, differences between group and retail TPD markets, and the roles of superannuation trustees, reserving and pricing practices, and claims handling. APRA and ASIC said they may facilitate joint work between insurers and trustees to improve member outcomes.
Policy & regulationGuidance & interpretationOther
-
2026-05-22•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay’s Monetary Policy Committee unanimously kept the monetary policy rate unchanged at 5.50% on 22 May 2026, maintaining a neutral stance after two 25 basis point cuts in January and February, as domestic activity remains strong and inflation, at 2.3% year on year in April, is expected to converge to the 3.5% target in the second half of the year. The Committee projected 2026 gross domestic product growth of 4.2% and said it will continue to monitor external risks including Middle East uncertainty, higher oil and agricultural commodity prices, a firmer US dollar, and higher long-term US Treasury yields.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-05-22•Europe•European Central Bank
The European Central Bank’s Philip R. Lane told the Asian Monetary Policy Forum that Asian macroeconomic shocks now have spillovers to the euro area comparable to those from the United States, reflecting greater trade openness, integration into Asian supply chains and China’s rising global weight. He noted that the euro area is losing export market share, faces higher exposure to Asia-centric supply and price shocks, and relies on ECB models to assess external shocks. Lane stressed that monetary policy should not respond mechanically to exchange rates or foreign interest rates but instead to the nature of the underlying shock and its impact on euro area inflation and activity.
Monetary policyMonetary policy assessments & outlooksCross-border cooperation
-
2026-05-22•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance outlined a near-term agenda to maintain crisis vigilance while easing living-cost pressures and advancing structural reforms, citing stronger exports and a rebound in consumer sentiment but elevated external and financial market risks. The ministry advanced operating plans for the Startup for Everyone project, a shift to preventive personal data management with risk-based supervision and reduced penalties for firms investing in protection, and accelerated procedures and funding for incineration projects to support the 2030 ban on direct landfill of household waste.
Policy & regulationImplementation, projects & pilotsMarket development
-
2026-05-22•South Korea•Bank of Korea
The Bank of Korea published preliminary borrower-level household debt statistics for Q1 2026 showing higher new household borrowing per borrower, driven by mortgage lending, while average outstanding balances remained broadly flat. Newly issued household loans per borrower rose to KRW 35.42 million, concentrated among borrowers in their 30s in the Seoul metropolitan area and using non-bank financial institutions, while the average household loan balance per borrower stood at KRW 97.40 million and the average mortgage loan balance at KRW 160.06 million.
Data & statisticsMonetary data
-
2026-05-22•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has issued for consultation a proposed Guidance Note on the Treatment of Politically Exposed Persons, detailing how supervised financial institutions should identify, declassify, assess and monitor PEPs under its anti-money laundering, counter-terrorist financing and proliferation financing framework. The note expands existing guidelines, reinforces a risk-based approach with a focus on domestic PEPs, and provides practical considerations for risk assessment aligned with Financial Action Task Force and Wolfsberg Group standards.
Policy & regulationGuidance & interpretationAML and CFT
-
2026-05-22•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore, in opening remarks at the 13th Asian Monetary Policy Forum, said Asian trade has remained resilient despite the 2025 tariff shock, with ASEAN trade and manufactured exports rising, but warned that tariffs still raise inflation, distort supply chains and weaken rules-based trade. MAS identified the oil shock from the Middle East conflict as a more immediate concern, urging close monitoring of second-round inflation and stability risks and emphasising supply-side and energy security measures.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2026-05-22•New Zealand•Ministry of Business, Innovation and Employment (New Zealand)
The New Zealand Ministry of Business, Innovation and Employment has launched a consultation on whether the current multi‑law framework for payment services remains clear and fit for purpose for banks and non‑bank providers, including fintechs. It seeks views on the framework’s impact on competition and innovation, the adequacy of protections for consumers and businesses, and whether newer models such as stablecoins raise issues not covered by existing rules, in light of recent inquiries into banking and personal banking services.
Policy & regulationReform agendas & prioritiesPayments and payment systems
-
2026-05-22•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica has published its May 2026 monthly economic conditions report. The report analyses developments in output, employment, wages, external trade, public finances, monetary and financial accounts, the foreign exchange market, prices and international economy indicators.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary data
-
2026-05-22•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has finalised a class exemption from the change of ownership and control provisions of the Superannuation Industry (Supervision) Act 1993 for certain persons connected to registrable superannuation entity licensees. The exemption removes the requirement for management employees and company secretaries with a direct controlling interest of less than 2 per cent to seek prior approval before acquiring a stake, and APRA has made minor refinements to improve clarity and operation without expanding scope.
Policy & regulationRules & requirementsLicence approval
-
2026-05-22•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has adopted General Resolution 1141 to clarify conditions for cheque transactions in capital markets and reinforce safeguards against improper conduct, while maintaining the limit of no more than two cheque payments per client per day for CNV-registered obligated entities. The resolution introduces operational clarifications to preserve transaction traceability and transparency, confirms that the number of cheques used in capital markets operations remains unrestricted, and that CNV rules do not limit the number of endorsements.
Policy & regulationRules & requirementsPayments and payment systems
-
2026-05-22•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua has published the 2025 Macroeconomic Statistics Yearbook, compiling revised and updated economic and financial indicators across the real, monetary, financial, fiscal and external sectors, consistent with its 2025 Annual Report. The data cover 2006–2025 in Excel and 2010–2025 in PDF and include GDP, prices, labour market, monetary aggregates, financial system, fiscal and balance of payments statistics, with bilingual titles, contents and explanatory notes.
Data & statisticsEconomic data and developmentsFinancial and market indicators
-
2026-05-22•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported that its Monthly Index of Economic Activity rose 5.3 percent year-on-year in March 2026, with cumulative growth of 6.0 percent for January to March and an average annual change of 5.7 percent. Seasonally adjusted activity was broadly flat on the month and 4.7 percent higher than a year earlier, with gains in mining and quarrying, construction, trade, and services offset by declines in fishing and aquaculture, energy and water, manufacturing, and agriculture.
Data & statisticsEconomic data and developments
-
2026-05-22•Europe•European Commission
The European Commission announced that the EU and Mexico signed a Modernised Global Agreement and an interim Trade Agreement at the eighth EU-Mexico Summit, updating their trade framework and expanding openings in services, public procurement, e-commerce and critical raw materials supply chains, alongside binding commitments on labour, environment, climate and responsible business conduct. The package strengthens protections for EU agricultural products and geographical indications, enhances regulatory cooperation, reduces digital trade barriers and reinforces intellectual property protections. The Modernised Global Agreement requires ratification by all EU Member States, while the interim Trade Agreement follows EU-only ratification and will expire once the broader agreement enters into force.
Policy & regulationRules & requirements
-
2026-05-22•Europe•European Commission
The European Commission reported that the EU and Mexico signed a Modernised Global Agreement and an Interim Trade Agreement to deepen trade and investment, including wider market access for EU firms and stronger rules. The package removes most Mexican tariffs on EU agri-food exports, opens opportunities in finance, telecommunications, transport and digital trade, strengthens investor protections, and introduces binding commitments on environmental protection, labour rights, animal welfare, intellectual property and anti-corruption. Both agreements now move to ratification.
Policy & regulationRules & requirementsCross-border cooperation
-
2026-05-22•South Korea•Bank of Korea
The Bank of Korea’s May 2026 Consumer Tendency Survey shows a strong rebound in household sentiment, with the Composite Consumer Sentiment Index rising to 106.1 from 99.2 in April on improved views of living standards, income, spending and domestic economic conditions. Inflation expectations for the next year eased to 2.8%, while three-year and five-year expectations remained at 2.6%.
Data & statisticsEconomic data and developments
-
2026-05-21•Japan•Bank of Japan
The Bank of Japan published a Review Series paper comparing changes in life insurer balance sheets in Japan, Germany, the United Kingdom, and the United States, focusing on asset-intensive reinsurance and growing interconnectedness with private funds as financial stability issues. It links shifts in product offerings and asset allocation, including greater use of alternative investments and asset-intensive reinsurance, to post-global financial crisis regulatory changes, rising post-retirement funding needs, and the transition from low interest rates to high inflation.
ResearchAsset qualityFinancial stability and systemic risk
-
2026-05-21•Europe•European Parliament
The European Parliament’s upcoming plenary will debate EU health crisis preparedness and the “Stop Destroying Videogames” European citizens’ initiative, and vote on several legislative files. Key items include approval of legislation strengthening victims’ rights, and decisions on opening negotiations with member states on updated vehicle inspection rules and on a general framework and prudential requirements for securitisation.
Policy & regulationRules & requirementsOther
-
2026-05-21•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority entered a consent order with mortgage broker Amandeep Duggal after he admitted submitting mortgage applications with falsified income information and failing to verify borrower documents with reasonable due diligence. The order cancels his registration and imposes a CAD 50,000 administrative penalty, the maximum under the Mortgage Brokers Act, plus CAD 30,000 in investigative costs. BCFSA also noted that the Mortgage Services Act, effective Oct. 13, 2026, will tighten verification standards and strengthen enforcement powers.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2026-05-21•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City’s May Manufacturing Survey reports continued growth in Tenth District manufacturing activity and sustained optimism about future conditions, while cost pressures remain elevated. Nearly two-thirds of firms noted more frequent input price changes than in 2025, and the survey now applies updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, slightly revising historical indexes.
Data & statisticsEconomic data and developments
-
2026-05-21•Netherlands•De Nederlandsche Bank
At De Nederlandsche Bank’s “Fintech meets the regulators” conference, Executive Director Steven Maijoor stressed that the central bank’s door is open to the fintech sector and highlighted the availability of its InnovationHub. He underscored DNB’s readiness for dialogue on how supervisors and fintech firms can keep the financial system both dynamic and stable.
SupervisionSupervision approach, priorities & toolkitFintech and insurtechDomestic cooperation
-
2026-05-21•Honduras•Central Bank of Honduras
The Central Bank of Honduras published its March 2026 Financial Panorama and Monetary Aggregates, Credit and Deposits statistics, reporting supportive monetary and financial conditions and a positive net external position of USD9,634.4 million. Net domestic assets increased by L19,297.0 million year on year, driven mainly by higher lending to businesses and households, while broad money (M3) rose 13.2% to L798,974.5 million on the back of higher private sector deposits.
Data & statisticsMonetary data
-
2026-05-21•Honduras•Central Bank of Honduras
The Central Bank of Honduras reported net international reserves of USD11,476.6 million for 8–14 May 2026, up USD1,257.5 million since end-2025, with import cover at 6.6 months and a positive foreign exchange gap of USD1,425.7 million. Net domestic assets rose by L44,431.7 million in the debtor position, remaining within the International Monetary Fund target, while deposits grew 12.5% year on year and private sector credit 5.3%, driven mainly by local currency lending to commerce and services.
Data & statisticsBalance of payments and other external statisticsFinancial and market indicators
-
2026-05-21•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance published remarks by Minister Kyriakos Pierrakakis calling for Europe to convert higher defence budgets into operational capability by mobilising capital faster, easing investment barriers and expanding joint procurement. He highlighted fragmented, underfinanced production, long procurement cycles and financing constraints for SMEs, and urged using the Savings and Investments Union, regulatory adjustments and a genuine single market to provide predictable demand. SAFE, the European Defence Industrial Programme and the Defence Commissioner’s work were cited as tools needing political will and fiscal discipline to scale and crowd in private capital.
Policy & regulationReform agendas & prioritiesOther
-
2026-05-21•United States•New York State Department of Financial Services
The New York State Department of Financial Services issued non-binding guidance on cybersecurity measures DFS-regulated entities should consider when threats intensify, including during geopolitical events and following technological developments such as frontier AI models. Framed as actionable best practices rather than new legal requirements, the guidance groups measures into reducing the attack surface, improving threat detection and readiness, and strengthening resilience and response.
Policy & regulationGuidance & interpretationCyber resilience
-
2026-05-21•United States•National Futures Association
The National Futures Association and the Securities and Exchange Commission signed a memorandum of understanding to strengthen cooperation, coordination and information sharing on matters of common regulatory interest. The framework covers staff exchanges on emerging risks, examination planning, financial market conditions and periodic meetings, and is intended to support compliance with derivatives and securities laws, maintain oversight quality and reduce duplicative efforts.
SupervisionCooperationCross-border cooperation
-
2026-05-21•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority approved Al Rajhi Capital’s public offering of the Al Rajhi Saudi Health Care Equity Fund, confirming compliance with the Capital Market Law and its Implementing Regulations. The authority stressed that the approval is not a recommendation to subscribe and urged investors to review the fund’s terms, strategy and risk factors before investing.
SupervisionAuthorisations & approvalsSecurities offerings and listings
-
2026-05-21•Canada•Ontario Securities Commission
The Ontario Securities Commission published a Capital Markets Tribunal order dated May 8, 2026 approving settlement agreements with Stan Bharti and Neil Said and requiring them to disgorge money obtained through violations of Ontario securities law. Any amounts collected will be administered under OSC Rules 11-502 and 11-503, and investors may register contact details on the OSC website to receive information on any future distribution.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2026-05-21•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has introduced the Thailand Individual Savings Account as a single long-term savings and investment mechanism for Thai citizens, with professional advice and portfolios aligned to investors’ goals and risk profiles. The framework aims to strengthen retirement saving, with the government considering a separate investment allowance, and to channel household savings into long-term investment supporting businesses, sustainability initiatives, and infrastructure projects. The SEC is coordinating with other agencies and preparing detailed policy proposals for submission to the Ministry of Finance.
Policy & regulationRules & requirements
-
2026-05-21•Canada•Ontario Securities Commission
The Ontario Securities Commission published its Canadian OTC Derivatives 2025 Annual Report, showing Canada’s over-the-counter derivatives market grew 12.2% year over year in the fourth quarter to CAD 121 trillion in gross notional outstanding, with Canada accounting for 9.2% of the global OTC derivatives market as of June 2025. The report introduces new sections on commodities and Ontario-specific analysis, adds turnover and risk metrics, and notes that rule amendments and compliance reviews improved data quality.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-05-21•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has capped broker directors’ cumulative service on the same exchange at 10 years and requires a one-year cooling-off period after five years. Incumbents may complete their terms and stand in the next two annual elections under a two-year transition period.
Policy & regulationRules & requirementsCorporate governanceConsumer and investor protectionOrganizational structure
-
2026-05-21•Guernsey•Ministry of Finance (Guernsey)
The Ministry of Finance (Guernsey) announced that the United Kingdom–Gulf Cooperation Council free trade agreement will extend to Guernsey for goods and key elements of financial services, strengthening its international trading position and long-term economic strategy. The States of Guernsey and partners worked with the UK to secure inclusion in both goods and services, and the Guernsey Financial Services Commission linked the agreement to greater certainty for firms operating across the Gulf region and to relationships with several Gulf state regulators.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
-
2026-05-21•Ghana•Bank of Ghana
The Bank of Ghana First Deputy Governor warned that emerging and frontier economies need stronger policy and institutional buffers to manage volatile global liquidity and capital flow reversals. He set out priorities including fiscal credibility, reserve adequacy as self-insurance, updated financial regulation, deeper institutions and market credibility, and a clearer distinction between long-term and short-term capital, while highlighting exchange-rate flexibility as a key shock absorber.
Policy & regulationReform agendas & prioritiesCross-border cooperationMonetary policy decisions and developments
-
2026-05-21•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published a speech by Hanzo van Beusekom urging insurers to manage the impact of data and digitalisation on increasingly personalised insurance pricing with care. He encouraged continued innovation and data use while warning that excessive individualisation could undermine solidarity and exclude certain groups, and said the sector must set its own boundaries on what is technically possible.
Policy & regulationGuidance & interpretation
-
2026-05-21•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group has launched a call for tender to appoint a service provider to conduct a cost-benefit analysis of the European Sustainability Reporting Standards for non-EU companies, supporting development of the draft N-ESRS under the Corporate Sustainability Reporting Directive. The contractor will deliver preliminary and final evidence-based assessments using EFRAG’s consultation, field testing, outreach and its own research, and the tender is open to eligible organisations and consortia from the European Economic Area and European Free Trade Association countries.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
-
2026-05-21•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission and the National Futures Association have signed a memorandum of understanding to formalize cooperation, coordination and information sharing in areas of common regulatory interest. The non-binding framework supports joint oversight of firms and markets spanning securities and derivatives by enabling staff to share examination information and market assessments, while preserving each party’s independent enforcement authority and setting confidentiality safeguards for non-public information.
SupervisionCooperationCross-border cooperation
-
2026-05-21•Liberia•Central Bank of Liberia
At the launch of the Liberia National Economic Student Hub, the Central Bank of Liberia’s governor said youth participation in economic policy and entrepreneurship should be treated as a national priority. He also pointed to ongoing central bank reforms on payment systems, digital financial services, financial literacy, inclusion and access to finance for young entrepreneurs.
Policy & regulationImplementation, projects & pilotsFinancial inclusionFinancial literacy and education
-
2026-05-21•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority has issued a disclosure guide for listed companies and market participants under Regulation No. 25-04 to help implement new transparency requirements and update disclosure rules in the national financial market.
Policy & regulationGuidance & interpretationDisclosures
-
2026-05-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met EuroCham Vietnam and the EU delegation to discuss the operating environment for European businesses and credit institutions, highlighting cautious, flexible monetary management, institutional reform and digital transformation to support foreign investors. The central bank noted rising European FDI of about USD 30 billion and identified further cooperation in green growth, digital transformation, energy, science and technology, and connectivity. EuroCham committed to continued engagement on digital transformation, green finance and institutional improvements and called for ongoing dialogue to address issues facing European firms.
Policy & regulationCooperationOther
-
2026-05-21•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has opened a consultation on changes to fund asset registration and custody rules to allow depositaries of authorised Alternative Investment Funds to delegate registration or custody of non‑AIF custodial assets, reducing risks while maintaining safeguards. Proposals include limiting delegation of registration for immovables and some partnerships to affiliates of the authorised fund manager with additional controls, permitting delegation of custody of certain safe custody investments under CASS 6 to regulated third parties, aligning rules for authorised AIFs managed by small UK AIFMs, clarifying the interaction of COLL and CASS 6, and replacing a Modification by Consent on guarantees and indemnities for non‑UCITS retail schemes acquiring immovables with permanent rules.
Policy & regulationRules & requirementsOther
-
2026-05-21•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on a meeting between Governor Pham Duc An and Singapore’s Ambassador to Vietnam on bilateral banking cooperation and Vietnam’s plans to develop an international financial center. The governor sought continued experience sharing and technical support from Singapore, which signalled readiness to link regulators, institutions and businesses and provide assistance in financial regulation, capital markets, risk management, anti-money laundering, green and sustainable finance, and financial technology.
Policy & regulationCooperationCross-border cooperation
-
2026-05-21•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia held a validation workshop on the draft National Interest-Free Finance Strategy, signaling a push to give the sector a more coordinated long-term framework. Participants were asked to review the legal and regulatory roadmap, implementation plan and risk management framework, including governance, Sharia compliance and systemic stability. The bank tied the strategy’s implementation to broad coordination across regulators, financial institutions and other stakeholders.
Policy & regulationReform agendas & prioritiesFinancial inclusion
-
2026-05-21•Greece•Bank of Greece
The Bank of Greece has issued a public warning about online scams that impersonate Governor Yannis Stournaras and misuse the Bank’s name and logo. The scams rely on fake articles, profiles and AI-generated advertisements, including fabricated endorsements of investment and crypto platforms.
SupervisionAlertsFraud and scams
-
2026-05-21•Jordan•Jordan Securities Commission
At the second annual forum of member brokerage firms, the Jordan Securities Commission outlined regulatory, legislative and technological priorities to support a safe, fair and transparent trading environment, strengthen investor protection and enhance market efficiency, with a focus on customer data protection amid rising cyber threats. The forum also addressed sustainability integration, sustainable finance practices, and market performance and growth opportunities, with outcomes intended to inform a shared vision for developing Jordan’s capital market and boosting its regional and international competitiveness.
Policy & regulationReform agendas & prioritiesESGMarket development
-
2026-05-21•Qatar•Qatar Central Bank
The Qatar Central Bank has instructed all banks operating in Qatar to cooperate with Qatar Development Bank’s Working Capital Stabilization Financing Guarantee Program, which provides liquidity and working capital financing to sectors identified by Qatar Development Bank in line with banks’ credit policies. The measure forms part of broader initiatives to support the national economy, strengthen the business environment and help the private sector address regional and global challenges.
Policy & regulationImplementation, projects & pilotsLiquidity riskPrudential risks
-
2026-05-21•United States•Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council has appointed Amol Vaidya as executive secretary to manage council operations, coordinate interagency staff task forces, and oversee all activities in line with member priorities. Vaidya previously held a leadership role in the Federal Reserve Board’s Division of Supervision and Regulation and earlier served as a director at Morgan Stanley.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2026-05-21•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has extended to 15 June the deadline for consolidated periodic financial statements for entities with securities or financial instruments listed on the Egyptian Exchange and other supervised entities for the period ended 31 March 2026, replacing the previous 31 May date. The move, framed as a facilitation measure for capital market and non-bank financial firms, aligns with an earlier extension to 15 June for insurers and insurance pools to file their periodic statements and related disclosures for the same period.
Policy & regulationRules & requirementsAuditing
-
2026-05-21•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority held a consultative meeting with insurance and reinsurance executives on planned reinsurance standards aligned with international practices and the Unified Insurance Law No. 155 of 2024. Proposals would require insurers to maintain a board-approved reinsurance policy, submit and update it with the authority, and implement procedures for monitoring reinsurance risk, including stress testing and capital impact analysis. The authority emphasized consistency between reinsurance policies and firms’ broader risk management plans and will continue market consultations before finalizing the framework.
Policy & regulationRules & requirementsOperational risk and resilience
-
2026-05-21•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a letter from Ranking Member Elizabeth Warren and Senator Chris Van Hollen urging the Office of the Comptroller of the Currency and the Federal Reserve Board to deny Enova International’s application to become a bank holding company. The senators cite Enova’s history of high-cost lending, regulatory noncompliance, and targeting of financially vulnerable consumers, and argue that its planned acquisition of Grasshopper Bank N.A. would let a nonbank high-cost lender expand nationwide under federal preemption without adequate compliance and ability-to-repay controls.
Policy & regulationOtherLicence approval
-
2026-05-21•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated nine individuals in Lebanon under Executive Order 13224 for allegedly obstructing Lebanon’s peace process and supporting Hizballah’s efforts to resist disarmament and maintain influence over state institutions. The designations target Hizballah political figures, Iranian and Amal Movement officials, and senior Lebanese security and military officers accused of providing material support. Their U.S.-linked property is blocked, U.S. persons are generally prohibited from dealings with them, and foreign financial institutions risk secondary sanctions if they knowingly facilitate significant transactions.
EnforcementSanctions & designationsNew sanctions designations
-
2026-05-21•Albania•Bank of Albania
The Bank of Albania reported that Governor Gent Sejko met India’s first ambassador to Albania, Ravindra Prasad Jaiswal, to discuss strengthening economic and financial cooperation. Sejko outlined Albania’s recent economic developments, monetary policy and financial system modernisation, noting a well-capitalised, liquid and profitable banking sector with low non-performing loans and rising credit. They also discussed financial innovation, technological change in banking and closer institutional, academic and research cooperation, with the ambassador signalling interest in deeper bilateral trade and financial ties.
OtherCross-border cooperation
-
2026-05-21•Libya•Central Bank of Libya
The Central Bank of Libya announced that Tripoli will host the 5th Arab Conference on Savings and Financial Literacy from Sept. 7 to 9, 2026, in cooperation with Bahrain's Mena Money Foundation. The event will focus on financial literacy, financial inclusion and sustainable financial awareness. Participation will be free and open to everyone.
Financial literacy & educationFinancial literacy and education
-
2026-05-21•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee’s Subcommittee on Capital Markets held a hearing on whether Regulation National Market System and Rule 611 remain fit for purpose, including whether to rescind or revise the Order Protection Rule to reduce fragmentation and compliance burdens while preserving liquidity, retail access, and capital formation. Lawmakers and witnesses debated alternatives such as a stronger, data-driven FINRA best execution standard and expanded Rule 605 execution quality reporting, while exchanges and brokers warned that weakening incentives to display liquidity or restricting payment for order flow could erode the national best bid and offer benchmark and threaten zero-commission trading.
Policy & regulationReform agendas & prioritiesMarket development
-
2026-05-21•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority said its president met OECD Finance and Entrepreneurship Directorate Director Carmine Di Noia to discuss financial literacy and investor education. The authority highlighted its 2023-2027 education program, youth-focused tools and digital content, while exploring closer technical cooperation and possible participation in OECD networks and projects.
Financial literacy & educationFinancial literacy and education
-
2026-05-21•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee’s National Security, Illicit Finance, and International Financial Institutions Subcommittee released opening remarks on modernizing the anti-money laundering framework, with Chairman Warren Davidson urging a shift in the Bank Secrecy Act from volume-driven reporting to a risk-based regime that raises legacy reporting thresholds and leverages artificial intelligence. Davidson highlighted low law-enforcement use of currency transaction reports, welcomed FinCEN’s April anti-money laundering program notice of proposed rulemaking but criticized its failure to revisit suspicious activity and currency transaction report thresholds, and cited beneficial ownership reporting as expanding burdens without clear law enforcement value.
Policy & regulationReform agendas & prioritiesAML and CFT
-
2026-05-21•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee’s Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee held a hearing on bank-fintech partnerships, examining whether supervision and existing regulatory frameworks are keeping pace with their growing role in payments, credit and digital financial services. Witnesses highlighted benefits for consumers, small businesses and community banks, while stressing that banks remain the regulated core and must uphold compliance, consumer protection, data security and financial integrity standards. Members also cited a 2023 Government Accountability Office report urging examiner upskilling in fintech, information technology and digital assets.
Policy & regulationOtherFintech and insurtech
-
2026-05-21•Global•World Federation of Exchanges
The World Federation of Exchanges has urged equity market regulators to consult listed issuers before allowing tokenised equities on crypto platforms and to deny third-party tokenised stocks exemptions from standard securities rules. It argues that such tokens, typically options or share mimics issued without issuer involvement, should meet the same disclosure, trading and post-trade standards as traditional securities and warns they create reputational risk, obscure token holder identification and may weaken price discovery, liquidity and the public equity market framework.
Policy & regulationGuidance & interpretationTokenization
-
2026-05-21•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force held a regional workshop in Cairo on virtual assets and laundering of illicit proceeds from trafficking in persons and smuggling of migrants, focusing on risks linked to virtual asset service providers, implementation of Financial Action Task Force Recommendation 15, and emerging criminal typologies. Around 50 participants from law enforcement, prosecution, Financial Intelligence Units, international organizations, and blockchain analytics platforms examined cryptocurrency-based money laundering, blockchain investigations, and how Web3, decentralized finance, stablecoins, and decentralized exchanges can facilitate illicit financial flows and organized crime.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
-
2026-05-21•Europe•European Central Bank
The European Central Bank published a lecture by Executive Board member Frank Elderson, who argued that climate change and nature degradation are material for inflation, monetary policy, financial stability and banking supervision, and highlighted climate litigation as a growing financial risk. He cited ECB analysis showing euro area firms’ and banks’ high dependence on ecosystem services and water-related risks, and noted updated, non-binding ECB good practices on climate and nature-related risk management. Elderson said the ECB will soon publish research on how nature degradation could affect probabilities of default and credit losses.
ResearchClimate risk and sustainable finance
-
2026-05-21•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force held a regional workshop in Cairo on virtual assets and laundering of illicit proceeds from trafficking in persons and smuggling of migrants, focusing on risks linked to virtual asset service providers and implementation of FATF Recommendation 15. Participants from law enforcement, prosecution, financial intelligence units, international organizations, and blockchain analytics platforms discussed cryptocurrency-based laundering methods, blockchain investigations, digital wallets and tracing techniques, and the use of Web3, decentralized finance, stablecoins and decentralized exchanges to facilitate illicit financial flows.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
-
2026-05-21•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority’s May 2026 AML Focus newsletter outlines current AML/CFT/CFP supervisory workstreams, including updates on the National Risk Assessment, preparations for the MONEYVAL mutual evaluation, technology risk, and proposed changes to the beneficial ownership regime. It highlights newly published guides and webinars, notes that money laundering risk remains Medium High, and covers business and transaction risk assessments, AML/CFT country lists, virtual asset service provider developments, and related legislative initiatives.
SupervisionRisk monitoring & watch points
-
2026-05-21•United Kingdom•HM Treasury
HM Treasury published a research note estimating the impact of 2022–2023 Energy Bill Support measures on Bank Rate and the cost of a new representative mortgage. It estimates that the GBP 40 billion support package could have increased the annual cost of a new GBP 215,000, 29-year mortgage by GBP 360 to GBP 850, with a midpoint of GBP 605, assuming full pass-through from the modelled Bank Rate increase.
ResearchOther
-
2026-05-21•France•Bank of France
The Bank of France’s Prudential Supervision and Resolution Authority (ACPR) has published its 2025 annual report, outlining its activities in a year marked by geopolitical shifts and economic uncertainty. The ACPR states that its 2026 work programme will prioritise heightened vigilance over risks to the financial system to preserve its soundness, and will issue a separate report on banking and insurance market figures in the third quarter of 2026.
SupervisionSupervision approach, priorities & toolkitAuditing
-
2026-05-21•Georgia•National Bank of Georgia
National Bank of Georgia President Natia Turnava said the banking system remains highly resilient, citing strong capitalization, solid liquidity, high asset quality, historically low non-performing loans of 2.5%, total assets above GEL 108 billion and deposits near GEL 70 billion, with non-residents accounting for 20% to 25% of deposits. She highlighted global turbulence and dollarization risks and urged banks to expand regionally to diversify income, reduce reliance on the domestic market and strengthen Georgia’s role as a regional financial hub.
OtherFinancial stability and systemic riskMarket development
-
2026-05-21•Global•World Bank
The World Bank’s Spring 2026 Yemen Economic Monitor reports Yemen’s economy remained under severe strain in 2025, with real gross domestic product contracting by 1.5 percent and projected to fall a further 0.5 percent in 2026 amid blocked oil exports, weak demand, and spillovers from the Middle East conflict. Fiscal space narrowed sharply as revenues dropped to 5.6 percent of gross domestic product and humanitarian financing fell, while exchange rate measures and external inflows, including Saudi support, temporarily stabilized the Yemeni rial and eased inflation. Nearly three-quarters of the population live below the poverty line, and the impact of the Internationally Recognized Government’s 2026 reform agenda and budget will hinge on continued implementation and sustained international support.
ResearchEconomic data and developments
-
2026-05-21•Latvia•Central Bank of Latvia
The Central Bank of Latvia’s Supervision Committee has licensed Neverless SIA to provide crypto-asset services under the Markets in Crypto-Assets Regulation, making it the fourth firm authorised by the central bank under this EU framework. The licence covers custody and administration, exchange for funds and other crypto-assets, portfolio management, and transfer services for crypto-assets on behalf of clients, which may be offered across the EU via MiCA’s cross-border notification mechanism.
SupervisionAuthorisations & approvalsLicence approval
-
2026-05-21•Global•International Monetary Fund
The International Monetary Fund published a Country Focus article for Sub-Saharan Africa urging a shift from a state-led growth model toward one driven by private investment, productivity, and jobs, supported by structural reforms in governance, business regulation, market openness, and state-owned enterprises in energy and transport. IMF staff estimate that well-designed reforms, combined with macroeconomic stability, could raise output by about 20 percent over 5 to 10 years and address weak per capita income growth. The article stresses that reforms are more durable when backed by predictable institutions, political support, social protection for vulnerable households, and country-specific sequencing, including core governance in fragile states and transparency and sound revenue management in resource-rich economies.
Policy & regulationReform agendas & prioritiesOther
-
2026-05-21•Global•International Monetary Fund
The International Monetary Fund staff, in its 2026 Article IV concluding statement on France, reported slowing growth and warned that fiscal consolidation is too gradual and exposed to implementation risks. Staff projected real GDP growth of 0.9 percent in 2025 and 0.7 percent in 2026, and recommended a clearly specified multi-year strategy with frontloaded structural adjustment of about 0.8 percent of GDP annually over 2027-29 to reduce the deficit below 3 percent of GDP by 2029 and place debt on a downward path.
Policy & regulationReform agendas & prioritiesEconomic data and developments
-
2026-05-21•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore announced that the 13th Asian Monetary Policy Forum will be held in Singapore on 21–22 May, focusing on structural changes in the global economy, the international monetary system, trade and financial stability. The programme features a keynote by Professor Michael Spence on structural shifts including artificial intelligence, and sessions with European Central Bank Chief Economist Philip R. Lane and Professors Eswar Prasad and Douglas A. Irwin, plus a panel on risks from changes in the global financial system.
OtherMonetary policy decisions and developments
-
2026-05-21•Italy•Bank of Italy
The Bank of Italy published updated balance of payments and international investment position statistics for March 2026, reporting a current account surplus of EUR 31.6 billion (1.4 per cent of GDP) over the preceding twelve months, up from EUR 19.0 billion a year earlier. The wider surplus reflected a shift in primary income to a EUR 3.7 billion surplus from a EUR 4.4 billion deficit and a larger goods surplus, while the financial account showed net foreign asset acquisitions of EUR 34.7 billion, down from EUR 40.7 billion.
Data & statisticsBalance of payments and other external statistics
-
2026-05-21•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has signed a memorandum of cooperation with the Ukraine Illicit Finance Capacity Development project to secure international technical assistance for countering illicit financial activity in the virtual asset market. The cooperation will support development of virtual asset regulation, specialist training, and enhanced supervision of virtual asset service providers, with the aim of strengthening oversight and reducing money laundering and illicit financing risks.
Policy & regulationCooperationCross-border cooperation
-
2026-05-21•Russia•Central Bank of Russia
The Central Bank of Russia has recommended that credit institutions increase scrutiny of customers depositing large cash amounts, citing money laundering and other unlawful risks. Banks should conduct daily transaction analysis and apply specified criteria for individuals, legal entities and individual entrepreneurs, with exemptions where the customer’s financial position, reputation and source of funds are documented. The central bank said the approach aligns with Financial Action Task Force Recommendation 1 on identifying the source of funds.
Policy & regulationGuidance & interpretationAML and CFT
-
2026-05-21•Russia•Central Bank of Russia
The Central Bank of Russia published its May 2026 monitoring of maximum interest rates on Russian ruble household deposits at the ten largest deposit-taking credit institutions, reporting an average maximum rate of 13.04% in both the first and second ten-day periods of May. It also provided reference data on changes in the monitoring results and average maximum deposit rates by maturity.
Data & statisticsFinancial and market indicators
-
2026-05-21•Hungary•National Bank of Hungary
The National Bank of Hungary’s Housing Market Report shows nationwide house prices rose 23.5 per cent in 2025, or 19.0 per cent in real terms, leaving prices 22.5 per cent above levels justified by fundamentals by 2025 Q4. The Home Start Programme shifted demand toward first-time buyers, sharply increased subsidised housing lending and the share of loan-financed purchases, and likely contributed to higher prices. New housing supply is expanding, with occupancy permits up, building permits rising 37 per cent and the central bank expecting completions to reach 15,700 in 2026.
Data & statistics
-
2026-05-21•Russia•Central Bank of Russia
The Central Bank of Russia updated its quarterly banking sector outlook, lowering the upper end of its 2026 forecasts for corporate claims, mortgage growth and consumer lending, while keeping the forecast for clients’ funds unchanged and raising the 2026 net profit forecast to RUB 3.4 trillion to RUB 3.9 trillion. In the first quarter of 2026, banks’ claims on companies rose 0.7%, mortgages 1.4% and consumer lending 0.3%, with clients’ funds flat. Banks reported RUB 1.2 trillion in net profit for the quarter, but the review warned that future profit growth may be constrained by higher loss provisions for highly leveraged companies.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-05-21•United States•Office of the Comptroller of the Currency
The US Office of the Comptroller of the Currency published its May 2026 enforcement actions, including a consent order against Community Federal Savings Bank for Bank Secrecy Act and anti-money laundering deficiencies and an order of prohibition against a former JP Morgan Chase Bank associate for unauthorized withdrawals causing losses of at least USD 38,500. The OCC also terminated five prior enforcement actions against Axiom Bank, National Association, Cenlar Federal Savings Bank, Lincoln FSB of Nebraska, The First National Bank of Waverly, and The First National Bank of Williamson.
EnforcementInvestigations & enforcement actionsAML and CFT
-
2026-05-21•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance announced that Minister and Eurogroup President Kyriakos Pierrakakis will attend Eurogroup and informal ECOFIN meetings in Nicosia, where affordable housing will be the main agenda item alongside euro area macroeconomic developments and the impact of the Middle East crisis. Euro area finance ministers will examine causes of the housing crisis and policy options to improve access to affordable housing, receive an update on the digital euro, and discuss reforms to strengthen EU competitiveness and the growing use of stablecoins, including related financial stability and regulatory challenges.
Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
-
2026-05-21•United States•Federal Reserve Board
The Federal Reserve Board issued a consent prohibition order against Nakia R. Logan, a former employee of Commerce Bank in Kansas City, Missouri. The action relates to fraudulent customer transactions.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2026-05-21•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission and the National Hockey League have signed a memorandum of understanding to protect the integrity of professional hockey and related event contracts traded on CFTC-regulated exchanges. The agreement formalises confidential information sharing and regular communication on integrity issues and is intended to help protect prediction market participants from insider trading, fraud, and other abuses.
Policy & regulationCooperationMarket abuse
-
2026-05-21•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority held a roundtable with the eight largest mortgage banks and published 2025 mortgage statistics as part of its follow-up to the new mortgage-lending law effective 1 April. The law codifies amortisation and loan-to-value requirements based largely on existing rules, while the 2025 data show higher new lending than in 2024, a 2 percent nominal increase in the mortgage stock, lower debt service burdens and stable debt collection claims. The authority will continue reviewing mortgage credit assessments and collecting annual data to monitor developments.
SupervisionRisk monitoring & watch pointsLending
-
2026-05-21•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published the results of its 21 May 2026 foreign exchange intervention purchase auction, which attracted seven participants. Satisfied applications ranged from USD 500,000 to USD 7.25 million at a weighted average rate of 9.3048 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
-
2026-05-21•United Kingdom•Payment Systems Regulator
The Payment Systems Regulator is consulting on a targeted regulatory financial reporting remedy requiring Mastercard and Visa to report disaggregated profit and loss data on their UK card operations, including contextual information, to support supervision of scheme and processing fees. The proposal follows the PSR’s market review, which found rising fees, limited competition and higher-than-expected profit margins, and sits alongside forthcoming final decisions on information, transparency and complexity, and pricing governance remedies.
Policy & regulationRules & requirementsActivity and performance reporting
-
2026-05-21•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency’s April 2026 report shows broad asset growth across pension funds, UCITS and insurance, alongside a sharp decline in Zagreb Stock Exchange trading volumes. Mandatory pension funds’ net assets rose 2.8% month on month to EUR 27.7bn, voluntary pension funds’ assets increased 2.9% to EUR 1.73bn, UCITS assets grew 2.2% to EUR 4.2bn, and insurance premiums for the first four months of 2026 rose 7.4% year on year to EUR 715.2m. Zagreb Stock Exchange turnover fell 51.2% from March to EUR 50.4m while market capitalisation increased 5.1% to EUR 57.9bn.
SupervisionRisk monitoring & watch points