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2026-05-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit asserting that prediction markets fall within its exclusive jurisdiction and that the federal framework preempts state laws as applied to CFTC-regulated markets. The brief, in KalshiEx LLC v. Matthew T. Schuler, et al., is part of the CFTC’s broader effort to oppose state regulation of prediction markets, including related lawsuits, a preliminary injunction in Arizona, and prior amicus filings in the Ninth Circuit and Massachusetts.
Policy & regulationGuidance & interpretationOther
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2026-05-12•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia outlined its expanded role under Decree 0368 in implementing the government’s mandatory open finance model, acting as regulator, supervisor and coordinator. It will set technology and security standards, administer the participant directory, establish monitoring metrics and oversee efficient, risk-based operation to support competition, innovation and financial inclusion while addressing technology, cybersecurity and data misuse risks. Working groups with system participants will define the timetable for standardising the model.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2026-05-12•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has fined Coteminas director and chief executive (and since 14 December 2023, investor relations director) Josué Christiano Gomes da Silva BRL 55,000 for failing to ensure preparation and timely filing of the company’s 2023 financial statements, in breach of Article 176 of Brazil’s Corporations Law and CVM Resolution 80 on annual financial reporting. The board acquitted Josué Gomes and Barbara Gomes da Silva on one disclosure charge and acquitted João Batista da Cunha Bonfim on another charge under CVM Resolution 80, and the sanctioned respondent may appeal to the National Financial System Appeals Council.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2026-05-12•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has published the third iteration of its semi-annual Bank Account Opening Survey, analysing developments in the account opening process at commercial banks for the first half of 2025. The survey tracks indicators to establish a baseline for improving access to transactional banking and payments services and is intended to inform policies and reforms to enhance outcomes for customers of supervised financial institutions.
Data & statisticsSupervisory data
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2026-05-12•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic confirmed its official USD reference exchange rates at the close of 11 May as DOP 59.5747 (selling) and DOP 58.6723 (buying), applicable to its operations until the close of 12 May, and noted that an incorrect Google quote of DOP 30.80 per USD has been corrected. It will publish reference rates for 13 May operations before 6 pm on 12 May and urged market participants to rely on its official channels while it works with the technology company and its price providers to prevent similar errors.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-05-12•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic Pensions Superintendency marked the 25th anniversary of Law 87-01 by highlighting social security expansion, with the National Social Security Council noting that 97.20 percent of the population is now affiliated. Officials set an agenda to raise and index the guaranteed minimum pension, extend coverage to domestic, digital platform and self-employed workers, count child care periods toward pensions, update Law 87-01, strengthen primary care in the contributory regime, improve public education, and enhance retirement savings through more efficient investments and stronger supplementary plans.
Policy & regulationReform agendas & prioritiesOther
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2026-05-12•France•France Autorite des marches financiers
The French Financial Markets Authority has launched a short survey of all financial market participants to assess preparedness for the move to T+1 settlement, complementing a detailed Industry Committee survey covering EU member states. The national survey will inform the authority’s view of domestic market conditions and feed into bilateral discussions on any difficulties identified, ahead of the mandatory shift from T+2 to T+1 under Regulation 909/2014 as amended by Regulation 2025/2075 and related settlement discipline changes being finalised by ESMA and the European Commission.
SupervisionRisk monitoring & watch pointsMarket infrastructure
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2026-05-12•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica reported that the March 2026 Monthly Index of Economic Activity rose 4.6 percent year on year on the trend-cycle series, bringing average first-quarter growth to 4.7 percent compared with 2025. Definitive regime activity grew 3.8 percent, driven by construction, accommodation and food services, and a recovery in agriculture, while special regimes rose 5.3 percent but decelerated sharply due to base effects, slower medical product exports, and company exits in 2025.
Data & statisticsEconomic data and developments
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2026-05-12•Europe•European Central Bank
The European Central Bank has published a working paper finding that the pass-through of energy prices to inflation is stronger and more persistent when supply chain uncertainty is elevated, as firms treat energy prices as both a cost shock and a signal of broader logistical disruption. Evidence for the United States and euro area shows larger responses of headline and core inflation when supply chain uncertainty is in the top 20% of its distribution. In a New Keynesian model, this creates an endogenous uncertainty wedge in the Phillips Curve, implying that the conventional prescription to look through supply-driven energy shocks may fail under high supply chain uncertainty and that monetary policy should condition on upstream supply chain volatility as well as energy prices.
ResearchNature-related riskClimate risk and sustainable finance
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2026-05-12•Europe•European Central Bank
The European Central Bank has published a Working Paper on the impact of the 2017 Portuguese wildfires on hotel firms’ cashflows and financing decisions, finding large revenue declines for both directly damaged hotels and nearby establishments. Directly affected hotels increased long-term bank borrowing, reinvested in tangible fixed assets and built cash reserves, while indirectly affected hotels cut investment and cash holdings and relied only marginally more on short-term debt. The paper attributes indirect effects mainly to landscape destruction.
ResearchNature-related riskClimate risk and sustainable finance
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2026-05-12•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission, with the Thai Listed Companies Association, has launched the Financial Well-being in Workplace project to promote financial and investment literacy and long-term retirement savings among employees of listed companies, with an initial pilot for 80 firms. Participating companies must complete SEC-led training, run internal financial literacy activities using SEC resources, and report outcomes, and may receive a certificate, disclose activities in Form 56-1 One Report, and have them considered in Corporate Governance Report assessments.
Policy & regulationImplementation, projects & pilotsFinancial literacy and education
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2026-05-12•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority has issued a master circular for broker dealers and clearing members in GIFT IFSC, consolidating requirements into a single framework for registration, supervision, conduct and operations. Structured across eleven chapters, it introduces streamlined registration via SWITS, governance and risk-based supervision standards, a tiered system audit framework, client asset protection, technical glitch and business continuity provisions, vendor risk and software resilience requirements, market access via authorised persons, and periodic reporting and compliance audits, and supersedes applicable Securities and Exchange Board of India circulars issued before 1 October 2020.
Policy & regulationRules & requirementsMarket infrastructure
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2026-05-12•Brunei Darussalam•Ministry of Finance (Brunei Darussalam)
The Revenue Division of the Brunei Darussalam Ministry of Finance and Economy and the Brunei Darussalam Institute of Certified Public Accountants opened a two-day Accounting Forum and Exhibition on “Redefining the Profession Shaping the Future of Accounting in Brunei Darussalam.” In his keynote, the Minister at the Prime Minister’s Office and Minister of Finance and Economy II stressed the profession’s role in financial integrity, transparency, accountability and sustainable growth, and urged greater use of data and artificial intelligence in decision-making, risk mitigation and forecasting.
Financial literacy & educationAccounting and financial reportingArtificial intelligence
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2026-05-12•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay reported that its president, Guillermo Tolosa, chaired a panel at the first LatAm Economic Forum hosted by the Bank of Spain on how geopolitical and technological changes are reshaping the relationship between interest rates, exchange rates and inflation. Panelists agreed that credible monetary policy remains a key tool for managing external shocks and supporting macroeconomic stability, amid growing geopolitical fragmentation and the use of tariffs and other economic policy tools that are altering macroeconomic dynamics and challenging traditional frameworks.
Monetary policyOtherMonetary policy decisions and developmentsGeopolitical risk
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2026-05-12•United States•Federal Reserve Board
The Federal Reserve Board has terminated enforcement actions and associated written agreements against F & M Holding Company, Inc. of Manchester, Georgia, and Thread Bancorp, Inc. of Rogersville, Tennessee. The actions, originally imposed in 2011 and 2010 respectively, were both terminated on May 6, 2026.
EnforcementInvestigations & enforcement actionsOther
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2026-05-12•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has issued a standardised reporting package for national supervisors to identify obliged entities for potential inclusion in the 2027 selection for direct supervision. The package comprises a reporting template and interpretative note, with national supervisors responsible for data collection from obliged entities and AMLA setting the technical specifications as the ultimate data recipient.
Policy & regulationGuidance & interpretationAML and CFTSupervision process and methodologies
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2026-05-12•Global•International Monetary Fund
The IMF staff and Tanzanian authorities have reached a staff-level agreement on the final reviews under the Extended Credit Facility and the Resilience and Sustainability Facility, which, subject to Executive Board approval, would make SDR 283.85 million (about USD 375.5 million) available and bring total support to SDR 795.58 million and SDR 426.2 million respectively. The IMF says program objectives have broadly been achieved but stresses targeted support to vulnerable groups, readiness to tighten policy if inflation pressures rise, and continued fiscal discipline. Over the medium term, it projects growth at 6.3 percent with inflation within the 3 to 5 percent target range, contingent on reforms in revenue mobilisation, public financial management, central bank independence, the business environment and climate-related policies.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2026-05-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Republicans on the U.S. Senate Banking Committee released fact sheets and a myth-versus-fact briefing on the bipartisan CLARITY Act, which would create a federal market structure for digital assets, distinguish digital asset securities from commodities, and preserve SEC enforcement over digital asset securities and primary offerings of ancillary assets. The materials describe expanded investor disclosures and safeguards, extension of Bank Secrecy Act obligations and new anti–illicit finance tools for digital asset intermediaries, kiosk registration, a safe harbor to pause suspicious transactions, enhanced FinCEN resourcing, and a joint SEC–CFTC advisory committee. The briefing also highlights protections for software developers, preservation of self-custody, and sanctions and risk-management requirements for centralized intermediaries interacting with decentralized finance protocols.
Policy & regulationRules & requirements
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2026-05-12•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 statement from Ranking Member Senator Elizabeth Warren arguing that President Donald Trump’s policies are raising household costs rather than lowering them. Warren cited earlier tariffs and the conflict with Iran as drivers of higher prices, stating Americans have paid USD 25 billion more for gasoline and that April data show essentials such as food, housing, and electricity rising faster than wages.
OtherEconomic data and developments
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2026-05-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The United States Senate Committee on Banking, Housing and Urban Affairs’ Ranking Member Elizabeth Warren issued a statement opposing the Republican majority’s new crypto market structure bill ahead of committee markup. She argued the bill would endanger investors, national security and the financial system, and criticized it for lacking provisions to address alleged conflicts of interest related to President Donald Trump and his family’s crypto activities, which she said generated at least USD 1.4 billion in one year.
Policy & regulationOther
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2026-05-12•Canada•Ontario Securities Commission
The Ontario Securities Commission’s Investor Advisory Panel has published its 2025 annual report, highlighting the impact on retail investors of technological change, expanding product and distribution channels, and economic and geopolitical uncertainty, and emphasizing investor protection as central to OSC policy and rule-making. The panel recommends clearer disclosure for do-it-yourself investors, additional tools and supports with safeguards, further measures on finfluencers and digital engagement, stronger enforcement powers and sanctions, binding authority for the Ombudsman for Banking Services and Investments, clearer guidance on artificial intelligence-related responsibilities and liabilities, and investor protection assessments for capital formation initiatives, while supporting greater domestic harmonization and international engagement.
Policy & regulationOtherConsumer and investor protection
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2026-05-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority announced that Standard Chartered Capital Saudi Arabia Company has completed the commencement of business requirements to conduct managing investments and operating funds activities under its securities business licence. The authority had approved this licence on 5 May 2025.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission published keynote remarks by Chairman Michael S. Selig outlining efforts with the Securities and Exchange Commission to harmonize policymaking and oversight across securities and derivatives markets, including planned joint requests for comment on portfolio margining and swap data reporting. Selig highlighted coordination through a memorandum of understanding, a joint harmonization initiative, participation in the SEC’s Project Crypto and work on a crypto asset taxonomy, and said swap data reporting alignment aims to reduce discrepancies with SEC Regulation SBSR and improve data quality. He also called for greater coordination between the Financial Industry Regulatory Authority and the National Futures Association on examinations, recordkeeping, surveillance and emerging risks.
Policy & regulationCooperationCross-border cooperation
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2026-05-12•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has initiated enforcement action against Trillium Mortgage Services Inc., Frank Manzo, Paramjeet Kaur, and Vatsal Pareshkumar Khamar for alleged breaches of Ontario mortgage brokering requirements, proposing CAD 250,000 in administrative penalties and a compliance order against Khamar. Allegations include failures in mortgage suitability, borrower identity verification, record-keeping, supervisory lapses by Manzo, dishonesty and false or misleading information by Kaur, and unlicensed mortgage dealing by Khamar, with all respondents requesting hearings before the Financial Services Tribunal.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-05-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has approved a comparability determination and order permitting certain CFTC-registered nonbank swap dealers in France to meet specified capital and financial reporting requirements via substituted compliance with French law implementing the EU’s Investment Firms Regulation and Investment Firms Directive, subject to conditions. The order takes effect upon publication in the Federal Register, and firms must notify the CFTC and obtain staff confirmation before relying on the substituted compliance relief.
Policy & regulationRules & requirementsCapital adequacyAccounting and financial reporting
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reported that the second day of its 42nd Plenary included, for the first time, participation by research and training centers. These institutions presented academic initiatives, specialised programmes and training efforts on anti-money laundering and countering terrorist financing, underscoring an expanded role for capacity building and cooperation with regional and international authorities.
Policy & regulationCooperationAML and CFT
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2026-05-12•United States•U.S. Department of Justice
The U.S. Department of Justice reached a settlement with PayPal Inc. over a fair lending investigation into its 2020 Economic Opportunity Fund, which allegedly gave preferences based on race, color, and national origin. PayPal must establish a new Small Business Initiative that excludes protected characteristics from eligibility criteria, waive processing fees on USD 1 billion of transactions for eligible U.S. small businesses, appoint a director for the initiative, enhance Equal Credit Opportunity Act training, and provide annual reports to the United States.
EnforcementInvestigations & enforcement actionsLending
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reported that its 42nd Plenary in Rabat saw bilateral memoranda of understanding to strengthen cooperation and expertise exchange on anti-money laundering, counter-terrorist financing and counter-proliferation financing. Agreements between the Libyan Financial Information Unit and the State of Palestine’s Financial Follow-up Unit, and between the Libyan Financial Information Unit and Mauritania’s Financial Information Analysis Commission, aim to reinforce technical partnerships and support regional AML/CFT/CPF frameworks.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
At its 42nd plenary, the Middle East and North Africa Financial Action Task Force heard a presentation from France on asset recovery through the Agency for the Management and Recovery of Seized and Confiscated Assets. Italy also presented on its experience in the Financial Action Task Force’s fifth round mutual evaluation process.
Policy & regulationCooperationCross-border cooperation
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reported that research and training centres participated for the first time in activities on the second day of its 42nd Plenary. These centres presented academic initiatives, training programmes and specialised work on combating financial crimes, underscoring a focus on capacity building and enhanced cooperation with regional and international authorities.
Policy & regulationCooperationAML and CFT
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2026-05-12•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia used remarks at the Action for Nature event in Bogota to stress that natural capital is a strategic asset and that biodiversity loss and ecosystem degradation pose material financial risks requiring preventive supervisory management. The authority highlighted progress in integrating sustainability into its regulatory framework, aligning with international standards such as the Taskforce on Nature-related Financial Disclosures, and pointed to opportunities in biodiversity finance, green bonds and circular economy models.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable financeGreen taxonomy
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2026-05-12•Europe•European Banking Authority
The European Banking Authority issued an opinion to the European Commission on the Austrian Financial Market Authority’s plan to raise the sectoral systemic risk buffer for commercial real estate exposures in Austria from 1% to 3.5%, and raised no objection. The measure applies on a consolidated, sub-consolidated and individual basis, excludes exposures to limited-profit housing associations, and is phased in via a 2% rate from July 2026 before reaching 3.5% from July 2027. The EBA cited elevated macroprudential risks in commercial real estate, potential internal market frictions and overlap with other capital requirements, and called for continued coordination and information sharing among authorities.
Policy & regulationGuidance & interpretationMacroprudential policy and tools
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2026-05-12•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York’s Center for Microeconomic Data reported that total US household debt rose by USD 18 billion (0.1%) in Q1 2026 to USD 18.8 trillion, with modest increases in most categories offset by a seasonal decline in credit card balances and aggregate delinquency stable at 4.8%. Mortgage, home equity line of credit and auto loan balances all increased, while credit card balances fell and student loan balances were broadly flat, amid mixed delinquency dynamics including a slight rise in serious mortgage delinquencies and more student loan balances 90 or more days past due.
Data & statisticsConsumer and investor protectionFinancial and market indicators
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2026-05-12•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board commented on the IAASB’s and IESBA’s 2028–2031 strategies, urging closer coordination with other standard setters and regulators and a focus on issues affecting audit quality and public trust in Canada. CPAB highlighted digital transformation, faster standard setting, changing firm structures and staffing, and growth in non-assurance services, and called for clearer guidance on technology-enabled audits, scalable and timely standard-setting, and a principles-based approach to firm culture and governance aligned with International Standard on Quality Management 1.
Policy & regulationInternational standards & recommendationsAuditing
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2026-05-12•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank has urged trust offices to submit transaction reports to the Financial Intelligence Unit more quickly, noting that reporting volumes remain low compared with other financial sectors and that many offices have never filed a report. It warned this raises the risk of suspicious transactions going unreported and highlighted ongoing efforts, including a Financial Expertise Centre project with other authorities and an investigation into the splitting of trust services, to address illegal trust service provision and improve monitoring.
SupervisionSupervision approach, priorities & toolkitAML and CFT
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2026-05-12•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority has announced that Samson Nganga’s accreditation as the representative of FxFair Ltd under his Securities Dealer’s Representative Licence was terminated with effect from 6 November 2025. The authority clarified that the notice is for information and public awareness only and does not constitute an enforcement action or adverse determination against any person or entity referred to.
SupervisionAuthorisations & approvalsOther
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2026-05-12•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission reported that the Steering Committee of the National Working Group on Benchmark Reform has adopted a recommendation on determining interest rates for new agreements and replacing the Warsaw Interbank Offered Rate (WIBOR) in existing PLN-denominated discount product agreements. This measure represents a further step in implementing Poland’s benchmark interest rate reform following the group’s work and public consultation.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2026-05-12•Czech Republic•Ministry of Finance (Czech Republic)
The Cyprus Ministry of Finance, in a speech marking the 30th anniversary of the Cyprus Stock Exchange, underscored the government’s ongoing efforts to privatize the exchange as a strategic step to enhance its flexibility, competitiveness and outward orientation. Privatization is linked to upgrading technology and automation, expanding products and investment activity, and aligning further with European Union capital markets integration and reduced market fragmentation.
Policy & regulationReform agendas & prioritiesOther
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2026-05-12•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg reported that employment in Luxembourg credit institutions reached 26,490 as of 31 March 2026, an increase of 206 quarter on quarter and 339 year on year. The authority noted that the related statistical series are available on its website.
Data & statisticsActivity and performance reporting
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2026-05-12•Latvia•Central Bank of Latvia
The Central Bank of Latvia reported progress on its Fintech Strategy, highlighting increased fintech licensing, first licences for crypto-asset service providers, and growing use of central bank payment infrastructure by non-bank firms. It has issued eight fintech licences in 2025 and seven in 2026 to date, with strong crypto-asset licensing interest and early uptake of the new specialised credit institution licence for neobanks and digital models. The bank also noted broader participation in its Electronic Clearing System and wider euro area use of its Instant Verification Service.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2026-05-12•Moldova•National Bank of Moldova
The National Bank of Moldova Governor used the Black Sea and Balkans Security Forum to outline the central bank’s role in safeguarding financial stability during European integration, prioritising banking sector resilience to hybrid and cyber threats and transposition of the EU’s Markets in Crypto-Assets Regulation and Digital Operational Resilience Act. She highlighted modernisation of payment infrastructure, strengthened supervision in anti-money laundering and counter-terrorist financing, closer alignment with European financial infrastructure and the Single Euro Payments Area, and noted Moody’s upgrade of Moldova’s sovereign rating to B2 as evidence of improved economic and institutional conditions.
Policy & regulationReform agendas & prioritiesGeopolitical risk
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2026-05-12•United States•Federal Reserve Board
The Federal Reserve Board has terminated two written agreements with F & M Holding Company, Inc. of Manchester, Georgia, dated May 31, 2011, and Thread Bancorp, Inc. of Rogersville, Tennessee, formerly Volunteer Bancorp, Inc., dated May 25, 2010. Both enforcement actions were terminated on May 6, 2026.
EnforcementInvestigations & enforcement actionsOther
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2026-05-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has issued a comparability determination and order permitting certain CFTC-registered nonbank swap dealers in France, regulated under the EU’s Investment Firms Regulation and Directive, to satisfy specified Commodity Exchange Act capital and financial reporting requirements via substituted compliance with French law, subject to conditions. Eligible firms must notify the CFTC and obtain staff confirmation before relying on the order, which takes effect upon publication in the Federal Register with an additional 180 days for compliance.
Policy & regulationRules & requirementsCapital adequacyAccounting and financial reporting
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2026-05-12•Ukraine•National Bank of Ukraine
The National Bank of Ukraine and other financial authorities reported that 77% of the Strategy of Ukrainian Financial Sector Development’s 104 measures were completed or on schedule by end-2025, with 12 fully completed and four of 14 strategic benchmarks reaching target values. Key 2025 actions included bank resilience assessments and stress tests, a Mortgage Lending Development Strategy, enhanced clearing and T+ settlement, new information and cyber security regulations, and progress on capital markets, deposit guarantees, war-risk insurance and EU alignment. For 2026, authorities aim to raise fully implemented measures to 35% and will prioritise a managed flexibility exchange rate regime, easing exchange restrictions if conditions permit, resolving nonperforming loans, strengthening capital markets infrastructure, and advancing open banking and digital financial resilience.
Policy & regulationImplementation, projects & pilotsFinancial stability and systemic riskMarket development
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2026-05-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has filed an amicus brief in the U.S. Court of Appeals for the Sixth Circuit in KalshiEx LLC v. Matthew T. Schuler, et al., arguing that prediction markets fall within its exclusive jurisdiction and that conflicting state laws are preempted. The Commission asks the court to overturn what Chairman Michael S. Selig described as an improperly narrow view of its authority by a federal district court in Ohio, and highlights related litigation and amicus activity in multiple courts as part of its broader effort to oppose state encroachment on federally regulated prediction markets.
Policy & regulationGuidance & interpretationTrading
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2026-05-12•Oman•Oman Financial Services Authority
The Oman Financial Services Authority and Riyada held a workshop to explain how startups and SMEs can use Oman’s capital market, with a focus on the Capital Market Incentive Programme and the Alternative Investment Market at the Muscat Stock Exchange. The session highlighted incentives including tax refunds, fee exemptions, procurement preferences and listing support for eligible companies. It also covered listing requirements and financing access challenges facing startups.
Financial literacy & educationMarket developmentSME financing
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2026-05-12•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission’s annual update on suspicious transaction and order reports recorded 218 notifications in 2025, a 21% decline from 2024, mainly due to fewer referrals from other authorities. Equity instruments accounted for 84% of communications, and nearly 75% involved actual or attempted use of inside information. The authority reported more timely, higher‑quality submissions and reiterated expectations for proportionate continuous monitoring, annual testing via audits and internal reviews, calibrated surveillance alerts, and robust expert analysis before filing.
SupervisionRisk monitoring & watch pointsMarket abuse
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2026-05-12•Europe•European Fund and Asset Management Association
The European Fund and Asset Management Association has published its position on the Anti-Money Laundering Authority’s draft regulatory technical standards for customer due diligence, warning that the current text would create barriers to domestic and cross-border fund sales and reduce the availability of EU funds. EFAMA argues that requiring asset managers to perform due diligence on underlying investors, where distribution is through intermediaries, is redundant and risks making distribution models unworkable. It calls on the Authority to revise the standards so that harmonised rules reflect the asset management sector’s specific characteristics and existing risk mitigants.
Policy & regulationRules & requirementsAML and CFT
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2026-05-12•Uzbekistan•Ministry of Finance (Republic of Uzbekistan)
The Uzbekistan Ministry of Finance outlined the 2026 housing provision programme, envisaging UZS 23 trillion of mortgage resources to support more than 73,000 families, higher mortgage caps, an expanded subsidy framework and new instruments to support down payment formation and access to credit. Funding will come from the state budget, commercial banks and the Mortgage Refinancing Company, with measures including increased maximum mortgage amounts, targeted subsidies for lower income borrowers and qualified teachers, full digitisation of subsidy applications, a pilot mortgage savings mechanism and a planned mortgage guarantee fund to reduce bank risks and support new products.
Policy & regulationImplementation, projects & pilotsLending
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2026-05-12•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Deputy Finance Minister Juda Agung urged fintech firms to prioritise safety, transparency and consumer protection to maintain public trust as the digital economy grows. Speaking at the Indonesian Fintech Association’s annual meeting, he highlighted risks in digital lending, including information asymmetry, problematic loans and non-transparent interest and collection practices, and called on the Association to strengthen transparency, enforce its code of ethics and promote digital literacy.
Policy & regulationGuidance & interpretationFintech and insurtechFinancial inclusion
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2026-05-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority relayed an alert from Hong Kong Interbank Clearing Limited about a fraudulent website impersonating HKICL that harvests login credentials and redirects users to WhatsApp chats with fraudsters posing as customer service staff. HKICL clarified it has no affiliation with the site, does not operate any WhatsApp channel, and does not proactively contact the public, advising individuals to verify suspicious communications via its general line and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
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2026-05-12•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait has published an overview of the evolution of Kuwait’s payments landscape between 2010 and 2025, highlighting a shift toward digital payments driven by technical and regulatory enhancements that improved infrastructure efficiency and expanded digital channels. The report traces the progression from expanded mobile digital banking to near field communication contactless payments and digital wallets such as Apple Pay and Samsung Pay, and notes the 2024 launch of the WAMD instant payment service enabling immediate person-to-person payments and wider use of electronic payments in everyday transactions.
ResearchPayments and payment systems
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2026-05-12•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has published results of a review of how five large banks tackle discrimination in their services, setting out five supervisory expectations and related recommendations. The AFM finds banks have taken constructive steps and increasingly recognise experienced discrimination, and calls for stronger board-level ownership, organisational arrangements, culture, communication and use of signals and complaints to prevent indirect exclusion of certain groups.
SupervisionReviews, inspections & stress testsDiversity and inclusion
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2026-05-12•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published the results of its foreign exchange intervention purchase auction held on 12 May 2026, which attracted 15 participants. Accepted bids ranged from USD 100,000 to USD 15,705,000, with a weighted average rate of 9.3562 USD/TJS on accepted bids.
Monetary policyMonetary policy instruments & operationsBalance of payments and other external statistics
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2026-05-12•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority published its first report on investment fund performance for Q1 2026, highlighting strong growth in net asset value to EGP 410.6 billion, an increase in operating funds to 187, and a rise in total fund units to 31.4 billion, with individuals holding 74.34%. Egyptian pound money market funds accounted for the largest net asset value at EGP 276.5 billion, while precious metals funds more than doubled in size and recorded the highest average quarterly return at 20.37%.
Data & statisticsAsset quality
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2026-05-12•Iraq•Central Bank of Iraq
The Central Bank of Iraq is advancing its banking sector reform programme, with banks completing second-phase requirements on compliance, governance, transparency and institutional performance to strengthen the financial system and align with international standards. It is contracting an independent audit firm to assess banks that met phase one criteria, confirm compliance with external transfer requirements and relevant standards, and enable them to regain access to foreign currency transfer channels, including EUR, AED, CNY and other approved currencies.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2026-05-12•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority said its chair, Islam Azzam, in his role as chair of IOSCO’s Growth and Emerging Markets Committee, led the committee’s first virtual general meeting of 2026 and set a work agenda aligned with emerging market needs. The meeting focused on investor protection, market integrity and financial stability amid higher interest rates, refinancing risks, fintech, AI, digital assets and cross-border activity, and reviewed capacity-building, supervisory technology and flexible, risk-based, technology‑neutral regulation. Azzam said the committee will work with the IOSCO secretariat and partners including the World Bank and IMF to ensure future meetings and workshops reflect these priorities.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2026-05-12•Global•World Federation of Exchanges
The World Federation of Exchanges announced the winners of its WFEClear Innovation Awards, naming Eurex Clearing’s distributed ledger technology-enabled collateral mobilisation service as the top project for addressing collateral fragmentation while preserving legal certainty, regulatory compliance and operational resilience. NSE Clearing was runner-up for its phased migration of the Indian securities market to a T+1 settlement cycle, reducing margin requirements by 50 percent while maintaining settlement stability and improving liquidity.
OtherMarket infrastructureCCPs
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2026-05-12•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority plans to accelerate an integrated electronic system linking it with all supervised sectors and companies, providing real-time verified data, AI-based analytics and a chatbot, while exploring greater integration across capital markets, insurance and financing and incentives for green economy transactions. It will consult stakeholders on new frameworks, urged early Basel III implementation before 1 January 2027, and reiterated expectations on digital documentation, use of the electronic factoring platform and compliance with anti-money laundering and counter-terrorist financing rules.
Policy & regulationImplementation, projects & pilotsRegtech and suptechOperational excellence
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2026-05-12•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reported that its 42nd plenary in Rabat saw several bilateral memoranda of understanding signed among member states to enhance cooperation and exchange expertise in anti-money laundering, counter-terrorist financing and counter-proliferation financing. These included agreements between Libya and the State of Palestine and between Libya and the Islamic Republic of Mauritania.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-05-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued guidance clarifying how record dates and ex rights dates determine investor entitlements to attendance rights, dividends, bonus shares, subscription rights, and bond interest and principal for securities registered at the Vietnam Securities Depository and Clearing Corporation. The guidance explains eligibility rules around the ex rights date, the depository’s role in preparing holder lists and allocating rights, and how reference prices are adjusted on ex rights dates for exchange-traded shares, including impacts on margin maintenance and sale pricing.
Policy & regulationGuidance & interpretationCorporate governance
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has revoked, effective 17 April 2026, licence No. 7095 of El Aman Plus LLC exchange bureau for conducting cash foreign exchange operations. The revocation, covering the bureau located at 51/1 Moskovskaya Street in Bishkek, was based on breaches of Kyrgyz Republic legislation and the National Bank’s regulatory legal acts.
SupervisionAuthorisations & approvals
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic announced the annulment, effective 30 April 2026, of certificate No. 216 issued on 20 March 2024 by its Jalal-Abad Regional Administration to the Public Foundation Microcredit Agency Eco Service. The decision follows a 27 April 2026 resolution by the founders’ general meeting and supervisory board to terminate the agency’s activities.
SupervisionAuthorisations & approvalsMandate change
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2026-05-12•Global•Bank for International Settlements
The Bank for International Settlements has published a working paper quantifying how policy rate increases transmit to realised bank credit losses across 113 economies between 1990 and 2022. A 1 percentage point rate rise raises loan loss rates by about 0.1 percentage points over a three-to-five-year horizon on average, providing a rule of thumb for stress testing. The effects are materially stronger under adverse macro-financial conditions, lifting loss rates by about 0.2 to 0.3 percentage points, and are larger in relative terms in advanced economies, with bank-level evidence from 3,350 institutions confirming sharper increases at banks with weaker initial asset quality.
Research
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2026-05-12•Germany•BaFin
At its annual press conference, Germany's Federal Financial Supervisory Authority said consumer protection and financial stability are equal priorities and flagged cyber risk, private debt and risky residential mortgage lending as key supervisory concerns. BaFin is adding resources to cyber inspections, warned about liquidity and transparency risks in retail private-markets products such as ELTIFs, and said supervisory action on higher-risk new mortgages remains possible. It also pointed to tougher enforcement against unauthorized business, including more than 800 fraud warnings in 2025.
SupervisionSupervision approach, priorities & toolkitCyber resilienceConsumer and investor protection
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2026-05-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Deputy Governor Pham Tien Dung outlined the central bank’s approach to artificial intelligence in banking, stressing that digital innovation must be matched by safety, risk control and customer protection, and that AI must not dilute human and institutional accountability for financial decisions. He highlighted the rapid expansion of digital banking and payments, the State Bank’s efforts to strengthen legal and security frameworks, biometric authentication and data cleansing with the Ministry of Public Security, and the requirement for credit institutions to upgrade technology, information security and risk management. Dung also underscored AI’s benefits in credit scoring, fraud detection and anti-money laundering, and the associated risks, calling for shared risk alerts, coordinated handling of suspicious accounts and strict compliance with personal data protection and cybersecurity rules.
Policy & regulationGuidance & interpretationArtificial intelligenceSupervision process and methodologies
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2026-05-12•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism outlined its expansion and priorities, highlighting work on technical standards and guidelines for the Single Rulebook, preparations for direct supervision from 2028, and efforts to foster convergence among Financial Intelligence Units. Executive Board Member Rikke-Louise Petersen said staffing has risen from around 30 to more than 100, with a target of 432 employees by end-2027, and stressed structured private-sector engagement, better information-sharing, and early industry input into consultations. She also flagged emerging risks from artificial intelligence, crypto assets, decentralised finance and online platforms.
Policy & regulationReform agendas & prioritiesAML and CFT
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2026-05-12•Jordan•Jordan Securities Commission
The Jordan Securities Commission, with the Amman Stock Exchange and the Securities Depository Center, hosted University of Jordan finance students for an educational visit linking academic study with capital market operations. The programme covered the Commission’s regulatory framework, the Depository Center’s post-trade functions, and the Exchange’s trading systems, emphasizing the importance of developing practical skills in finance, accounting and financial technology.
Financial literacy & educationOther
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2026-05-12•Albania•Bank of Albania
The Bank of Albania has completed its first full cybersecurity assessment cycle for the entire banking system using a U.S. Treasury-assisted methodology based on 93 controls and is conducting a horizontal reassessment. Governor Gent Sejko said cyber risk regulation and supervision have been a strategic priority, with efforts focused on supervisory capacity, cooperation with domestic authorities, adoption of international standards, and alignment with EU rules. Work is under way to harmonise the framework with the Digital Operational Resilience Act, with assessments to be repeated until consistent cybersecurity maturity is achieved across all banks.
SupervisionReviews, inspections & stress testsCyber resilience
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2026-05-12•Global•CDP
CDP’s analysis of 2025 environmental disclosures finds extreme weather is already causing material financial losses but is under-recognized, with only 35% of 11,261 companies identifying it as a material risk despite reporting nearly USD 3 billion in losses and USD 898 billion in expected future impacts. Almost half of reported risks are expected to materialize within two years, mitigation costs are significantly lower than projected risk costs, and subnational governments report adaptation funding gaps of at least USD 34 billion. CDP urges companies, governments, regulators and central banks to treat extreme weather as a system-level financial risk and align disclosure, fiscal, adaptation and supervisory policies.
ResearchClimate risk and sustainable finance
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2026-05-12•Albania•Bank of Albania
The Bank of Albania has elevated cyber risk to a supervisory priority, completing an initial cyber security maturity assessment of the entire banking system using a 93-control methodology developed with United States Treasury support and now conducting a repeat horizontal assessment. It is also strengthening supervisory capacity and cooperation with domestic stakeholders, and working to align its regulatory framework with the European Union’s Digital Operational Resilience Act for the financial sector as part of Albania’s European Union accession objective.
SupervisionSupervision approach, priorities & toolkitCyber resilience
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2026-05-12•Europe•European Central Bank
The European Central Bank’s Frank Elderson said Europe should address weak growth, strategic dependence and large investment needs by reducing banking market fragmentation rather than loosening post-crisis prudential rules. He called for a time-bound roadmap to complete the Single Market, deepen the banking union, advance a savings and investments union and integrate capital markets, while highlighting ECB efforts to simplify supervision, including potential consolidation of macroprudential buffers, greater proportionality for small institutions and faster approvals without lowering standards.
Policy & regulationReform agendas & prioritiesCross-border cooperationMarket development
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2026-05-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan approved new foreign exchange market authorizations, including reappointing Mega International Commercial Bank as settlement bank for foreign currencies other than USD, RMB, JPY and EUR, and allowing Cathay United Bank to offer non-principal protected structured products composed of foreign currency bond options linked to foreign currency principals. It also authorized one bank branch to operate foreign exchange business, bringing the total number of authorized banks to 3,449 as of end-April 2026.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-12•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance outlined plans for 24-hour interbank KRW-USD trading from July 2026 and an offshore KRW settlement system from January 2027, calling the package a fundamental overhaul of the post-1997 foreign exchange framework. The reforms will let foreign investors invest in Korean securities and borrow KRW via foreign bank accounts without domestic accounts, with banks expected to adjust staffing, processes and IT systems and coordinate closely with the government.
Policy & regulationReform agendas & prioritiesForeign exchange policy and markets
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2026-05-12•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported that Finance Minister Katayama reaffirmed close coordination with the United States on financial market developments, including foreign exchange, in line with the Japan-US finance ministers' joint statement. He announced a new public-private working group involving the financial industry, IT firms, the government and the Bank of Japan to strengthen financial sector cybersecurity against advanced AI-related threats and develop a shared view of associated risks and responses.
Policy & regulationCooperationCyber resilienceArtificial intelligence
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2026-05-12•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has fined Wael Abdelmohsen Abdellatif Mohamed Emara (also known as Mohsen) USD 139,722 for misleading and deceptive conduct and banned him from any role at a DFSA Authorised Firm in or from the Dubai International Financial Centre. Over more than three years as a senior reinsurance broker at Ed Broking MENA Limited, he manipulated premiums, deductions and reinsurance documents so that additional brokerage was retained by the firm. The DFSA concluded he lacked integrity and was not fit and proper. The fine was reduced from USD 285,149 following settlement and consideration of financial hardship.
EnforcementInvestigations & enforcement actions
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2026-05-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has banned Frank Breuer from UK financial services and fined him GBP 755,000 for repeatedly acting without integrity over defined benefit pension transfer advice at Bluesky Wealth Management Limited. He advised on at least 16 transfers knowing the firm lacked appropriate professional insurance and misled the regulator about its insurance. The FCA found he breached restrictions by stripping assets from Bluesky through large dividends, personal loans and transfers via connected accounts, contributing to its April 2023 insolvency and leaving at least GBP 214,772.88 in customer liabilities, which the Financial Services Compensation Scheme has paid in redress.
EnforcementInvestigations & enforcement actions
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2026-05-12•Pakistan•State Bank of Pakistan
The State Bank of Pakistan’s Half-Year Report FY26 finds that macroeconomic stability strengthened in H1-FY26, with lower inflation, stronger external buffers, a fiscal surplus and faster real GDP growth, despite global trade uncertainty and domestic floods. It highlights risks from the Middle East war to inflation, external trade, remittances and activity, and now projects FY26 real GDP growth and the current account deficit near the lower bounds of earlier forecasts, with National CPI inflation staying above the medium-term target range for most of FY27. A special chapter on climate change underscores Pakistan’s high vulnerability, low preparedness and unmet financing needs.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-05-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority announced that Standard Chartered Capital Saudi Arabia Company has completed the commencement of business requirements for managing investments and operating funds. The firm is now authorised to conduct these securities business activities under a licence approved on 5 May 2025.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-12•Indonesia•Bank Indonesia
Bank of Indonesia’s latest Retail Sales Survey indicates retailers expect stable sales in April 2026, with a Real Sales Index of 231.0, despite a projected 10.0% month-on-month decline as private demand normalises after the Ramadan and Eid-ul-Fitr festive period. March data showed the Real Sales Index at 256.7, with retail sales up 10.3% month on month, driven by broad-based gains across commodity groups, while the survey also signals rising inflationary pressures over the next three and six months as the Price Expectations Index for June and September 2026 increases.
Data & statisticsEconomic data and developments
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2026-05-12•Global•Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures, Conservation X Labs and the United Nations Development Programme named Dunya Analytics, Mozaic Earth and Space Eagle Enterprises as winners of the Nature Intelligence for Business Grand Challenge, which seeks practical, affordable tools aligned with TNFD’s LEAP assessment approach for small and medium sized enterprises. Selected from more than 380 applicants after testing with over 20 SMEs in 13 countries, the three winners will each receive a USD 20,000 grant and ongoing support to scale SME access to nature intelligence tools.
Policy & regulationImplementation, projects & pilotsNature-related risk
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2026-05-12•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore appointed Ong Pang Thye to its Board of Directors for a three-year term from 1 June 2026 to 31 May 2029 and reappointed four existing directors. Chairman Gan Kim Yong was reappointed for a further three-year term, Managing Director Chia Der Jiun for two years, Attorney-General Lucien Wong for three years, and Chaly Mah for a final one-year term, during which Mah will remain chairman of the Audit Committee.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-12•Italy•Bank of Italy
The Bank of Italy’s updated March 2026 Banks and Money data show faster annual growth in credit to the private sector and weaker deposit growth. Private sector lending rose 2.8 per cent year on year, with lending to households up 2.7 per cent and to non-financial corporations up 2.8 per cent, while private sector deposits grew 2.5 per cent and bond funding 3.9 per cent. Bulgaria’s entry into Economic and Monetary Union in January 2026 and adoption of the Ateco 2025 classification affected certain time series and led to revisions for January 2022 to December 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-12•Italy•Bank of Italy
The Bank of Italy’s May “Italian economy in brief” reports Q1 2026 GDP growth of 0.2% quarter on quarter, preliminary harmonized consumer price inflation of 2.9% in April, and baseline 2026 projections of 0.5% growth and 2.6% inflation. It highlights a EUR 1.8 billion current account surplus in January-February 2026, an estimated 2026 general government deficit of 2.9% of GDP, gross public debt of 138.6% of GDP, and December 2025 banking ratios including a Common Equity Tier 1 ratio of 15.69% and total capital ratio of 19.56%.
Data & statisticsEconomic data and developments
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2026-05-12•Russia•Central Bank of Russia
The Central Bank of Russia’s latest Financial Market Risks Review reports that retail investors sharply increased bond purchases in April, with corporate bond buying reaching a record RUB 157 billion and federal government bond purchases totaling RUB 92 billion. Higher oil prices drove a doubling of corporate foreign currency sales, supporting ruble appreciation, while individuals bought RUB 108 billion in foreign currency and stock indices ended negative amid the stronger ruble and a shift toward bonds.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-05-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market and other financial authorities published a progress report on the Financial Sector Development Strategy, stating that by end-2025, 77% of 104 measures were completed or on schedule, with four of 14 strategic indicators at target and the highest completion under financial and macroeconomic stability goals. Key 2025 actions included a resilience assessment and baseline stress test of the 21 largest banks, strategies for mortgage lending and public debt management, draft laws on virtual assets and personal investment accounts, new risk management and cyber rules, and applications to join IOSCO’s MMoU and Enhanced MMoU. Authorities plan to fully implement 35% of measures in 2026, with all measures completed by end-2030.
Policy & regulationImplementation, projects & pilotsMarket developmentFinancial stability and systemic risk
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2026-05-12•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority is introducing staged call recording across case handling teams to create accurate records, reduce misunderstandings and support complaint resolution. Customer Service calls are already recorded, with calls to and from case workers, ombudsmen and the Rules, Systemic Issues and Service Complaints teams to be recorded from July 2026, subject to caller opt-out. Recordings are stored as internal case records, may be used for quality and training, and are generally not shared between consumers and financial firms except in special circumstances.
Institutional developmentTechnology & data transformationData management
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2026-05-12•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan hosted a delegation from the Central Bank of the Republic of Azerbaijan for discussions on strategic and operational aspects of monetary policy, agreeing to maintain regular dialogue and expand cooperation. The meetings focused on Uzbekistan’s inflation targeting regime, monetary policy operational framework, decision-making and communication practices, and included an exchange of views on the Forecasting and Policy Analysis System.
Monetary policyMonetary policy framework & strategyDomestic cooperation
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2026-05-12•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority has launched a consultation on revising its Anti-Money Laundering Ordinance for financial intermediaries to align with amendments to the Anti-Money Laundering Act, implement remaining FATF recommendations and codify supervisory practice. The draft would tighten requirements on understanding customer ownership and control structures, introduce stricter conditions for payments via transitory and payable-through accounts, require beneficial owner declarations for sub-accounts, repeal the treatment of payments to and from Liechtenstein as domestic, and update references to recognized self-regulation for banks, securities firms and insurers.
Policy & regulationRules & requirementsAML and CFT
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2026-05-12•Global•Bank for International Settlements
The Bank for International Settlements has appointed Fabio Panetta, Governor of the Bank of Italy, as Chair of its Board of Directors for a three-year term starting 3 June, succeeding François Villeroy de Galhau. Governors also named Gabriel Galípolo as Chair of the meeting of Governors of major emerging market economies, Michele Bullock as Chair of the Asian Consultative Council, and Kazuo Ueda as Chair of the Committee on the Global Financial System, with terms ranging from two to three years.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-12•Europe•European Central Bank
The European Central Bank has published staff research on how China’s industrial rise is affecting euro area trade, production and prices, finding that cheaper Chinese imports support EU output when used as intermediate inputs but weigh on domestic production when they are final goods. Using 2000-22 data, the paper links higher imports of Chinese intermediates to stronger industrial production growth and higher imports of final goods to weaker growth, and finds that stronger Chinese competitiveness is disinflationary and can raise EU GDP in the short run through cheaper imports and higher household purchasing power, while warning that these gains coincide with weaker Chinese import demand, market share losses for EU exporters and longer-run risks from production displacement and strategic vulnerabilities.
ResearchMarket development
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2026-05-12•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
The Australian Transaction Reports and Analysis Centre has issued three annual national updates on money laundering, terrorism financing and proliferation financing risks, highlighting a more complex threat environment driven by technology, globalisation and the overlap of legitimate and illicit activity. The updates note increased misuse of financial services, trade flows, professional facilitators, corporate structures and emerging technologies such as artificial intelligence and virtual assets, with Australia’s open, trade-integrated economy heightening exposure. AUSTRAC states the updates will inform its risk assessment cycle and underpin the Government’s anti-money laundering and counter-terrorism financing reforms.
ResearchAML and CFT
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2026-05-12•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam published Brunei Darussalam’s Business Sentiment Index for February 2026, showing the Current Business Conditions sub-index falling to 42.4 from 55.2 in January, while the one month ahead index rose to 53.1, indicating expected improvement. The release introduces a revised methodology allowing full use of the 0.0 to 100.0 scale with 50.0 as neutral, with historical data to be recalculated and published in the Statistical Bulletin.
Data & statisticsEconomic data and developments
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2026-05-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has launched an open domestic e-bidding process for a procurement package to replace and upgrade information technology security infrastructure, aiming to maintain stable operations and reduce information security risks. The 180-day contract, funded from the state budget under the Commission’s digital transformation operating cost estimate, will be conducted via the National E-Procurement System with bid security set at VND 940,000,000.
Institutional developmentProcurementIT management
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2026-05-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has approved the nomination of Nikolai Valeryevich Markelov as head of the internal audit service of Open Joint Stock Company Eurasian Savings Bank. The decision was adopted on 30 April 2026.
Institutional developmentLeadership change & appointmentsLicence approval
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2026-05-12•Israel•Bank of Israel
The Bank of Israel said banks’ credit exposure to construction and real estate continued to grow rapidly in 2025 while key risk indicators deteriorated, and it is closely monitoring developments and requiring stricter risk management. Construction and real estate now account for about 39 percent of total business credit, with sector credit up 14 percent, driven by a 40 percent rise in financial credit for residential projects to about ILS 69 billion amid weaker demand, record unsold inventory and higher construction costs.
SupervisionRisk monitoring & watch pointsCredit riskAsset quality
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2026-05-12•Israel•Bank of Israel
The Bank of Israel reported that housing credit continued to grow rapidly in 2025 despite fewer housing transactions, with the average gap between purchase and loan drawdown widening to about eight months. It attributed this to developers’ financing incentives and longer construction periods, and noted differing reliance on bank housing loans across buyer groups. While the longer timing gap does not itself signal higher credit risk, the Bank highlighted increased uncertainty around final loan pricing and borrowers’ ability to complete transactions and said it will keep monitoring housing credit risks.
SupervisionRisk monitoring & watch pointsLending
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2026-05-12•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority, with the Union of Arab Securities Authorities, held a seminar on virtual digital products and services, focusing on the virtual economy, security risks, and protection practices. Delivered by cybersecurity expert Dr Hesham Afifi, it covered cloud computing, virtualization, blockchain, digital and virtual assets, cryptocurrencies, cybersecurity, cybercrime, and included a Q&A on distinctions between these assets and related financial applications.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial literacy and education
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2026-05-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has recommended that the systemic risk buffer rate remain at 4.5 percent for exposures in Norway and that the materiality threshold stay at NOK 5 billion. It cited largely unchanged structural vulnerabilities, including high household and corporate debt, similar bank lending and funding structures, exposure to international downturns and market turbulence, and longer-term geopolitical and climate-related risks, while stressing the need for consistent capital requirements without unduly burdening small cross-border exposures.
Policy & regulationGuidance & interpretationCapital adequacyFinancial stability and systemic risk
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2026-05-12•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority has published a commentary presenting Rwanda’s capital market as a steadily expanding part of the country’s long-term development. It points to stronger regulation, trading and settlement infrastructure, and the central role of Treasury securities in building the market. The piece also identifies digital access, retail participation and East African Community integration as key areas for further growth.
Policy & regulationGuidance & interpretationMarket developmentSupervision process and methodologies