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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
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2026-05-12•Norway•Norges Bank
Norges Bank’s semiannual financial stability report finds the Norwegian financial system remains robust despite geopolitical uncertainty, market volatility risks, and increased cyber and operational vulnerabilities, with banks well placed to handle stress and higher losses. The Committee on Monetary Policy and Financial Stability kept the countercyclical capital buffer at 2.5 percent and advised maintaining the systemic risk buffer at 4.5 percent, while warning that climate-related shocks and vulnerabilities in non-bank financial institutions require close monitoring. It also noted international discussions on simplifying capital requirements and reporting, stressing that simplification must not weaken resilience.
ResearchFinancial stability and systemic riskClimate risk and sustainable finance
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2026-05-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that the Administrative Review Tribunal has replaced a two-year registration prohibition on financial adviser Stephen Rogers with a three-year prohibition ending on 27 November 2028, after crediting an earlier non-registration period. Rogers remains prohibited from registration with ASIC and from providing personal advice to retail clients on relevant financial products, following findings that he gave non-compliant and misleading or deceptive advice using a scaled advice model while authorised by United Global Capital Pty Ltd.
EnforcementSanctions & designations
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2026-05-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported that former financial services director Ashley Arandez has been sentenced by the County Court of Victoria to five years and six months’ imprisonment, with parole eligibility after three years and six months, after pleading guilty to dishonest conduct, operating an unlicensed financial services business and recklessly dealing with the proceeds of crime involving AUD 1.97 million. Between 2017 and 2021 he advised clients to invest self-managed superannuation funds into products he controlled, promising returns of 8–12% per annum or up to 300% over three years, with many investments not fulfilled and some funds used for personal purchases.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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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 has released updated bill text for digital asset market structure legislation that will serve as the basis for committee markup of the CLARITY Act. The manager’s amendment, published by Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis and Senator Thom Tillis, reflects ongoing negotiations with Democrats and input from regulators, industry and consumer groups, and builds on prior market structure principles and discussion drafts.
Policy & regulationRules & requirements
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2026-05-12•Australia•Council of Financial Regulators
The Council of Financial Regulators has published a Better Regulation Roadmap for the financial sector, combining an implementation plan with more than 50 commitments across CFR Plus agencies and a separate APRA-ASIC package to streamline data collection and sharing. The measures focus on cutting duplicate reporting, improving digital and data processes, and simplifying guidance, licensing and other regulatory requirements. Relevant initiatives will feed into the Regulatory Initiatives Grid, while legislative reform feedback is being reviewed for advice to government.
Policy & regulationImplementation, projects & pilotsRegulatory burdenRegulatory reporting
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2026-05-12•Uzbekistan•Ministry of Finance (Republic of Uzbekistan)
The Ministry of Economy and Finance of Uzbekistan reported progress on digitisation and artificial intelligence, including four priority digital projects, an AI working group, AI-based support tools, and a business process audit and redesign initiative. The projects cover subsidy administration, higher education workforce planning, supervisory board governance and open budget processes, while AI pilots include an assistant on the Open Budget portal, a G'azna chatbot module in the UzASBO suite and the IM AI analytical system for regional macroeconomic and enterprise-level analysis.
Institutional developmentTechnology & data transformationOther
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2026-05-12•Japan•Ministry of Finance (Japan)
Japan’s Ministry of Finance reported that Finance Minister Katayama and U.S. Treasury Secretary Scott Bessent met in Japan on 11–12 May to review global economic issues and reaffirm closer Japan-U.S. cooperation, with follow-up expected at the G7 Finance Ministers and Central Bank Governors’ Meeting. Discussions covered the Middle East outlook and its impact on financial and foreign exchange markets, responses to cyber threats linked to artificial intelligence, and measures to strengthen supply chain resilience for critical minerals.
Policy & regulationCooperationGeopolitical riskCross-border cooperation
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2026-05-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has launched the BSP E-Learning Academy Know Your Money course, a free self-paced online program to improve Filipino cash handlers’ ability to authenticate banknotes and coins and support currency integrity. Developed by the central bank’s currency experts and delivered via BELA, the course covers currency authentication, proper cash handling, relevant laws and regulations, and central bank policies, and provides certificates to participants from financial institutions and retail establishments who complete the training.
Financial literacy & educationFinancial literacy and education
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2026-05-12•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo is hosting an IMF technical assistance mission from 12 to 22 May 2026 to complete systemic risk analysis and stress testing under the Financial Sector Stability Review. The mission will calibrate macroeconomic stress scenarios, execute a full solvency stress test, and further develop liquidity stress testing, including bank-specific Liquidity Coverage Ratio scenarios and system-level liquidity analysis. IMF experts will work with central bank staff to support these exercises, address data and modelling gaps, and shape the bank’s future financial stability agenda.
Policy & regulationImplementation, projects & pilotsCapacity buildingFinancial stability and systemic risk
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2026-05-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has issued final guidance for issuers of financial products with sustainability-related characteristics, clarifying how fair dealing and disclosure obligations under the Financial Markets Conduct Act 2013 apply when such characteristics are promoted. Replacing 2020 and 2022 integrated financial product guidance, it sets principles that claims must be clear, substantiated, consistent and supported by effective management of third-party involvement, and applies to statutory disclosure documents and wider communications, with a focus on retail products.
Policy & regulationGuidance & interpretationDisclosures
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2026-05-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway closed its review of Napatech A/S’s unsolicited pre-close analyst calls, finding it could not determine that inside information had been disclosed. It warned listed issuers that such calls pose a risk of unlawful selective disclosure and highlighted European Securities and Markets Authority good practices on pre-close communications, while noting Napatech’s commitment to tighten internal policies and align future calls with this guidance.
SupervisionReviews, inspections & stress testsMarket abuse
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2026-05-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission held an internal workshop on tokenization and digital assets led by specialists from El Salvador’s National Commission of Digital Assets under their cooperation agreement. The session focused on public offerings of real-world asset tokens and stablecoins, technology standards for exchange and tokenization platforms, P2P market activity within the supervisory perimeter, and blockchain transaction traceability tools, and forms part of ongoing bilateral cooperation on digital assets.
Institutional developmentCooperation & capacity buildingFintech and insurtechBlockchain and distributed ledger technology
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2026-05-12•United Kingdom•UK Parliament
The UK Parliament House of Lords Industry and Regulators Committee warns that unclear Government guidance, legislative constraints and competing statutory duties risk leaving regulators unable to meet expectations to support innovation and economic growth, potentially deterring investment. It calls for clearer direction on balancing growth with consumer and environmental protections, political backing and legislative change where a less risk-averse approach is desired, and better metrics and lead regulator models to improve accountability and reduce regulatory costs. The report also urges regulators to speed up processes, engage more proactively with industry and expand regulatory sandboxes.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2026-05-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has published materials from the 152nd and 153rd Automobile Liability Insurance Councils detailing decisions to increase and revise compulsory automobile liability insurance premiums, with new rates to apply from November 2026. The publication is intended to help automobile users understand the background and necessity of the premium changes.
Policy & regulationGuidance & interpretationOther
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2026-05-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the 15th Consultative Council of the Ministry of Finance in Luanda, where its representatives delivered a panel on crowdfunding. The presentation covered advantages and risks, different models, parties involved and regulatory aspects, and was framed as a contribution to developing new funding sources for companies and other economic agents.
Policy & regulationCooperationCrowdfunding
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2026-05-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the 4th Academic Week of the Higher Polytechnic Institute of Technologies and Sciences in Luanda, presenting an analysis of capital market performance and a strategic review of key challenges, opportunities and future prospects. It also joined a roundtable on capital market perspectives and barriers in Angola, focusing on the market’s role in national economic growth, the contribution of financial institutions and strategies to attract more companies and investors.
OtherFinancial literacy and education
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2026-05-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has issued for comment draft revisions to its Comprehensive Supervision Guidelines for Financial Instruments Traders to align supervision with updated NISA system guidance on verifying the location of NISA customers. The draft reflects the fiscal 2026 tax revision and related updates by the NISA Promotion and Liaison Council to its guidelines for account opening, solicitation and sales of the NISA system.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-05-11•Global•International Monetary Fund
The IMF reached a staff-level agreement with Honduras on policies and reforms to complete the fourth and fifth reviews of its Extended Credit Facility and Extended Fund Facility, enabling potential access to about USD 245 million pending Executive Board approval. IMF staff assessed performance as broadly favorable and agreed to maintain a 2026 non-financial public sector deficit target of 1 percent of GDP, while prioritizing targeted social spending, strengthening the monetary and exchange rate framework, reforming foreign exchange auctions, and advancing energy sector measures. The statement also highlights governance and business climate reforms, including liquidating identified trust funds, temporarily ring-fencing the new health trust fund, adopting Financial Action Task Force-related legislation, and operationalizing the beneficial ownership registry before Honduras’ 2026 evaluation.
Policy & regulationImplementation, projects & pilotsOther
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2026-05-11•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force set strategic priorities under its current presidency to enhance faster, more flexible responses to organised crime, fraud and cyber threats, with a work programme focused on strengthening the presidency framework, advancing institutional development and overseeing the third round of mutual evaluations. Launched last year, this round now covers five countries at different stages, and MENAFATF has also created its first forum for research and training centres to integrate academia into regional efforts against financial crime.
Policy & regulationReform agendas & prioritiesCyber resilience
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2026-05-11•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland reported that U.S. business leaders raised their 12‑month Consumer Price Index inflation expectations to 3.7 percent in the second quarter of 2026, up from 3.1 percent in the first quarter. The Survey of Firms’ Inflation Expectations now includes new questions on prices, costs, employment, wages, research and development spending, gross domestic product growth, sectoral uncertainty, views on the Federal Reserve’s inflation objective and optimal inflation, and the probability of sub‑1 percent inflation.
Data & statisticsEconomic data and developments
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2026-05-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic Pensions Superintendency’s superintendent, Francisco A. Torres, outlined a preferred mixed pension model combining a guaranteed basic pension floor with incentives for additional saving through complementary plans. He noted that the Dominican system is an individual capitalization scheme providing a basic benefit after 25 years of contributions, highlighted that over 70% of global pension systems use individual capitalization as their main pillar, and stressed the system’s security while warning that weak contribution density and the need for higher contributions risk lower-than-expected pensions.
SupervisionRisk monitoring & watch points
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2026-05-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic’s Pensions Superintendency published remarks by Superintendent Francisco A. Torres highlighting a global shift toward mixed pension models that combine a guaranteed pension floor with incentives for supplementary savings, and warning that low contribution density risks lower-than-expected pensions. He noted that the Dominican system already guarantees a basic income after 25 years of contributions, emphasized that over 70% of global systems use individual capitalization as their main pillar, and underscored its 24-year track record of security supported by continuous supervision and individually owned, non-seizable accounts.
Policy & regulationReform agendas & priorities
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2026-05-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique’s Ministry of Finance announced that the Assembly of the Republic has approved in principle a law to establish the Development Bank of Mozambique, to finance economic, social and sustainable development projects in sectors underserved by commercial banks. The bank will have initial share capital of MZN 32 billion, fully subscribed by the state, with potential participation of development finance institutions and multilateral banks of up to 49 percent, and will operate on a non-commercial basis with a mandate focused on financial additionality and a catalytic role in the financial system.
Policy & regulationRules & requirementsMarket development
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2026-05-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique’s Ministry of Finance announced that the Assembly of the Republic has approved the law establishing the Mozambique Development Bank as a specialised vehicle to connect development partners with transformative projects and support financial inclusion. Grounded in principles of financial additionality and catalytic effect, it will operate as a non-commercial development institution mandated to support structuring projects and mobilise financing for strategic investments, with no private-sector crowding out expected.
Policy & regulationRules & requirementsSME financing
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2026-05-11•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network has issued a notice urging financial institutions in and around 2026 FIFA World Cup host cities to heighten monitoring for sex and labor trafficking and report suspicious activity linked to potential human trafficking. FinCEN calls on firms to notify law enforcement through the National Human Trafficking Hotline, file Suspicious Activity Reports as soon as possible, and enhance vigilance by customer-facing staff for transactional and behavioral red flags, including unusual travel-related payments, cash deposits followed by transfers, peer-to-peer transfers, digital assets or prepaid cards, and exploitative labor patterns.
SupervisionAlertsAML and CFT
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2026-05-11•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has published a digital reference consolidating securities regulatory updates from 2000 to 2026 into the 2015 implementing rules. It incorporates amendments into the relevant provisions, cross-references other guidance and will be updated regularly.
Policy & regulationGuidance & interpretationComplianceSecurities offerings and listingsConsumer and investor protection
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2026-05-11•United States•The White House
The White House submitted new nominations to the Senate, including Francis Brooke as Deputy Secretary of the Treasury and John Crews to the National Credit Union Administration Board for a term expiring August 2, 2031. The package also withdraws Casey Means’s nomination as Medical Director in the Regular Corps of the Public Health Service and Surgeon General and nominates Nicole Saphier to those roles for a four-year term, along with other senior appointments across homeland security, labor, transport, and public health.
Institutional developmentLeadership change & appointmentsOther
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2026-05-11•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has clarified which licensing and registry requests must now be filed via the GovBr portal and which remain on the SEI system after the migration to the new CADPREVIC register. Four licensing workflows have been automated and are only available on GovBr, while 22 are being digitalised under a transformation plan with the Ministry of Management and Innovation in Public Services, with other non-automated requests continuing on SEI. PREVIC also outlined current CADPREVIC consultation functionalities and confirmed that officer-related filings for certain entities remain on SEI.
Policy & regulationGuidance & interpretationProcurement
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2026-05-11•Puerto Rico•Office of the Commissioner of Financial Institutions of Puerto Rico
The Office of the Commissioner of Financial Institutions of Puerto Rico has rejected allegations of improper conduct made in an affidavit by an officer of a company it fined and reaffirmed its 31 October 2025 complaint and order to show cause against Allied Fleet Services and AAA Car Rental. The authority cites a long pattern of non-compliance, including repeated late licence renewals, operating without required licences since 1 January 2025, and failures to submit mandated reports and audited financial statements, and notes that fines were imposed under applicable regulations after remediation efforts. It adds that both companies’ leasing licences were renewed on 1 April 2026 once required documentation was provided and that they are currently authorized to operate.
EnforcementInvestigations & enforcement actionsOther
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2026-05-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has scheduled an enforcement hearing to consider two administrative sanctioning proceedings involving IRB - Brasil Resseguros S.A. and its managers, and the directors of Companhia de Tecidos Norte de Minas (Coteminas) under judicial reorganization. The cases concern alleged disclosure irregularities and possible breaches of article 176 of Law 6,404 and multiple provisions of Brazil Securities Commission Resolution 80.
EnforcementInvestigations & enforcement actionsDisclosures
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2026-05-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has published an assessment of ESG disclosures in the Reference Form (FRE), finding that Resolution CVM 59 has expanded transparency but that use of this information remains limited and reporting could be better harmonised as Resolution CVM 193 becomes fully operational. Based on consultations, surveys and disclosure reviews, the study highlights the comply-or-explain model and lack of assurance requirements, and proposes reviewing low-quality disclosure areas, removing fields duplicative of IFRS S1 and IFRS S2, limiting disclosures to ISSB-based standards and separating ESG from broader corporate governance reporting.
Policy & regulationGuidance & interpretationDisclosuresClimate risk and sustainable finance
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2026-05-11•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said its chairman, Youcef Bouzenada, participated by videoconference in the 51st IOSCO Annual Meeting. Discussions covered capacity building, financial market development and support for emerging markets through the IOSCO Growth and Emerging Markets Committee, Africa and Middle East Regional Committee and Presidents Committee. The meeting also included presentations on international regulatory practices and lessons from market development initiatives.
Policy & regulationCooperationCapacity buildingMarket development
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority published findings from a multi-firm review of UK-registered credit rating agencies, reinforcing expectations under the UK Credit Rating Agencies Regulation on surveillance, methodologies and internal controls. The review identified weaknesses in surveillance frequency and governance, model review and validation, error management, internal oversight, and treatment and disclosure of environmental, social and governance factors, and stressed that artificial intelligence and models require robust governance. The FCA expects boards to oversee remediation of gaps and will continue supervisory engagement, including spot checks.
SupervisionReviews, inspections & stress testsCredit ratings
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2026-05-11•Romania•National Bank of Romania
The National Bank of Romania hosted the spring meeting of the OECD International Network on Financial Education in Bucharest, where members discussed priorities and actions for the next two years and ways to strengthen cooperation in financial education. A subsequent conference on “Financial literacy to support security, independence and inclusion” examined financial education’s role in economic and social development, financial security, inclusion and consumer protection, and was framed as part of Romania’s preparations for OECD accession and broader cooperation within the organisation.
Financial literacy & educationFinancial literacy and education
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2026-05-11•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 published its 2025 Roadshow report, summarising feedback gathered by Chair Bruna Szego during visits to all EU Member States on evolving risks, supervisory and obliged entity challenges, and expectations of the new EU anti-money laundering and counter-terrorist financing framework. The report serves as a common reference point for AMLA’s engagement with national supervisors, financial intelligence units and private sector stakeholders, and complements a 2025 survey of non-financial sector supervisors as part of a broader mapping of the European AML/CFT landscape.
Policy & regulationCooperationAML and CFT
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2026-05-11•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority has approved Digital Research Company's capital increase from SAR 16,875,000 to SAR 29,531,250 through the issuance of three bonus shares for every four existing shares. The increase will be funded by transfers from the statutory reserve and share premium accounts, raising outstanding shares from 1,687,500 to 2,953,125, and is conditional on an extraordinary general assembly being held within six months and compliance with all regulatory requirements.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-11•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance reported progress on a new cooperation agenda between the Association of Latin American Insurance Supervisors and the National Association of Insurance Commissioners, including joint projects on catastrophic risk analysis for Latin American supervisors. The agenda focuses on climate resilience, protection gaps, risk-based supervision and technical strengthening, while discussions also addressed financial inclusion, broader access to insurance and enhanced policyholder protection in the region.
SupervisionCooperationCross-border cooperationFinancial inclusion
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2026-05-11•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative has issued a briefing paper clarifying how banks can support and measure their contribution to sustainability, emphasizing that banks act primarily as enablers and that their main impacts arise indirectly through financed activities. The paper calls for bank-specific expectations and assessment frameworks and highlights the need for a stronger sector-specific focus on private actors beyond 2030. UNEP FI also launched a Bank Indicator Repository of sustainability and impact management indicators mapped to the Sustainable Development Goals.
Policy & regulationGuidance & interpretationClimate risk and sustainable financeESG
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2026-05-11•United States•U.S. Department of Justice
The U.S. Department of Justice has launched the remission compensation process for victims of AirBit Club, a purported virtual currency mining and trading company that it described as a pyramid scheme. More than USD 400 million in forfeited assets is available for eligible victims, who will be contacted by the remission administrator, RCB Fund Services, LLC, and are warned to be alert to impersonation scams, as no payment is required to participate.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-05-11•Canada•Ontario Securities Commission
The Ontario Securities Commission has published a Capital Markets Tribunal order requiring one or more respondents in the Go-To Developments Holdings Inc. matter to disgorge amounts obtained through violations of Ontario securities law. Any funds collected will be administered under OSC Rule 11-502, and investors can obtain updates on potential distributions and the status of disgorgement amounts via the Ontario Securities Commission website.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-05-11•Canada•Ontario Securities Commission
The Ontario Securities Commission’s Capital Markets Tribunal approved settlements with former Medivolve Inc. director Stan Bharti and former CEO Neil Said, who admitted authorizing financial disclosure documents with material misstatements about an April 2020 acquisition and undisclosed related-party share issuances. Bharti is permanently banned from serving as a director or officer of any issuer, Said faces a five-year ban, and they paid a combined 985,000 in administrative penalties, 1.779 million in disgorgement, and nearly 100,000 in investigation and proceeding costs.
EnforcementInvestigations & enforcement actionsAccounting and financial reportingCorporate governance
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2026-05-11•United States•Financial Crimes Enforcement Network
The U.S. Financial Crimes Enforcement Network has issued an alert to help financial institutions identify and disrupt funding and procurement networks supporting Iran’s Islamic Revolutionary Guard Corps, including those tied to illicit oil sales. It details the use of shell and front companies, shadow banking networks, a shadow fleet of vessels, forged shipping documents and digital asset channels, and provides red flags related to shipping, exchange houses and digital asset activity to support suspicious activity reporting. It reiterates that persons, vessels and foreign financial institutions facilitating illicit Iranian oil trade risk U.S. sanctions, including secondary sanctions.
SupervisionAlertsAML and CFT
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2026-05-11•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority reported on a meeting between Chairperson Islam Azzam and the Egyptian Private Equity and Venture Capital Association, highlighting private equity, venture capital and entrepreneurship as key drivers of financing and growth. Discussions covered listing attractiveness, secondary debt markets, securitisation, legislative incentives to boost Egyptian Exchange listings and exits, and greater use of financial technology. Azzam noted stronger market activity in early 2026, including total trading of more than EGP 6 billion in the first quarter, April securities trading of about EGP 2,198 billion, market capitalisation of about EGP 3.7 trillion and a 215% year-on-year rise in new investor codes.
Policy & regulationReform agendas & prioritiesMarket development
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2026-05-11•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has amended rules for executing redemption requests in open-ended charitable investment funds to provide greater flexibility in meeting redemption demand while managing liquidity and protecting investors. Redemptions will continue to be executed up to the level of purchase requests, with excess requests allocated pro rata, and funds may permit redemptions above purchase levels if justified by the investment manager and approved by the board. Egypt currently has five such funds with total net assets of EGP 1.1 billion.
Policy & regulationRules & requirementsLiquidity risk
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that loans of universal and commercial banks grew 10.7 percent year on year in March 2026, up from a revised 9.6 percent in February, with seasonally adjusted outstanding loans rising 1.7 percent month on month. Business loans expanded 9.7 percent, driven by real estate, utilities, trade and transport, while consumer loans grew 20.5 percent amid slower growth in motor vehicle and salary-based general purpose loans. Outstanding loans to residents increased 11.1 percent, whereas loans to non-residents declined 5.9 percent.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that domestic liquidity (M3) grew 12.0 percent year on year to PHP 20.4 trillion in March 2026, driven mainly by continued growth in borrowings by non-financial private corporations and households, with seasonally adjusted M3 up 1.7 percent month on month. Claims on the private sector rose 11.8 percent and net claims on the central government increased 12.1 percent, while net foreign assets expanded 8.6 percent and the narrower M1 measure grew 9.4 percent year on year.
Data & statisticsMonetary data
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2026-05-11•North Macedonia•North Macedonia Insurance Supervision Authority
The North Macedonia Insurance Supervision Authority will hold Open Days on 18 and 26 May 2026 as part of activities marking May as the month of financial literacy. The sessions aim to explain in a simple and practical way the authority’s role and functioning and the rights of insured persons.
Financial literacy & educationFinancial literacy and education
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2026-05-11•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds has published a draft regulation establishing a framework for the Banking as a Service model under its Open Finance Roadmap. The proposal governs accounts, loans, payments and transfers, clarifies that the regulated financial institution remains fully responsible to customers and the supervisor, and sets requirements on information security, risk management, prevention of illicit activities and consumer protection, including rules to avoid user confusion over responsible entities.
Policy & regulationRules & requirementsOpen banking and finance
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2026-05-11•Indonesia•OJK
The Indonesia Financial Services Authority used a digital financial literacy lecture to urge young consumers to approach crypto assets and tokenisation critically and responsibly, stressing that stronger literacy is essential to participation in Indonesia’s expanding digital finance market. OJK highlighted rapid growth, including more than 21 million crypto accounts as of February 2026, 2025 trading value of IDR 482.23 trillion, over 1,464 traded crypto assets, and 25 licensed digital financial asset traders supported by exchange, clearing, custody, banking and payment infrastructure. The authority will continue working with universities, industry associations and other stakeholders to expand digital financial literacy.
Financial literacy & educationFinancial literacy and educationBlockchain and distributed ledger technology
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2026-05-11•Indonesia•OJK
The Indonesia Financial Services Authority used the Australia-Indonesia Anti-Scam Workshop to deepen cross-border cooperation with Australian authorities on fast-evolving financial scams, highlighting a sharp rise to more than 530,000 reported cases in Indonesia’s financial services sector. OJK outlined a four-pillar strategy of prevention, detection, disruption and enforcement, including public education, data and artificial intelligence, rapid blocking of accounts and phone numbers, and closer work with law enforcement and other agencies through Satgas PASTI and the Indonesia Anti-Scam Centre.
Policy & regulationCooperation
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2026-05-11•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles has published its first climate-related financial risk assessments of the banking sector, finding that while average losses may be low under normal conditions, severe physical climate events could significantly weaken economic activity, impair loan repayment and pressure banks’ capital, particularly where assets are exposed to sea-level rise and tidal flooding. A review of the 25 largest lending exposures at the two biggest banks shows over 92% of portfolios are tied to highly vulnerable coastal assets, with about SCR1.64 billion, or 54% of analysed debt, in the critical risk category and all high-risk loans lacking insurance. The findings will guide implementation of the central bank’s Climate-related Financial Risk Supervision Strategy and inform future climate stress-testing, supervisory frameworks and data collection.
ResearchClimate risk and sustainable financeStress testing
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2026-05-11•Liechtenstein•Finance Liechtenstein
Finance Liechtenstein, in an article by Simon Tribelhorn for The European, underscores Liechtenstein’s strategic position between the European and Swiss markets, combining full European Economic Area single market access with close economic integration with Switzerland. The piece highlights constitutional stability, transparent institutions, rule of law and a diversified, globally oriented economy as key advantages, positioning the principality as a stable base for cross-border business and long-term planning amid geopolitical uncertainty in Europe.
OtherGeopolitical risk
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2026-05-11•Indonesia•Bank Indonesia
The Bank of Indonesia has launched Green Calculator Version 2, an enhanced carbon emissions calculation tool to support more accurate and consistent sustainability reporting, green finance development and climate risk management. The updated tool expands sectoral coverage, incorporates more comprehensive methodologies, improves accessibility and produces higher-quality emissions data aligned with the international Greenhouse Gas Protocol standard.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeGreen taxonomy
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2026-05-11•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 1,697 first-quarter 2026 complaints in Oaxaca, 2.4% of the national total and up 9.6% year-on-year, with users recovering MXN 7.3 million and a 49.5% favorable outcome rate. Possible fraud, mainly unrecognized purchases and account charges, accounted for 28.6% of complaints, while commercial banks represented 53.4% of cases and electronic case management 77.0%. In banking, unrecognized purchases, account charges and electronic transfers comprised 43.2% of complaints, with credit cards, debit cards and personal loans making up 59.7% of cases.
Data & statisticsComplaints and dispute resolution
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2026-05-11•United Arab Emirates•General Pension and Social Security Authority
The United Arab Emirates General Pension and Social Security Authority issued guidance on how benefits build under the current pension system, including a maximum pension entitlement of 100 percent of pension calculation salary after 35 years of service. It also highlighted day-one protection for disability, occupational illness and death, tiered end-of-service gratuity rates for those leaving before retirement eligibility, and continuing survivor benefits subject to legal conditions. Members were directed to the Ma’ashi Platform to monitor service records and estimate pension or gratuity outcomes.
Policy & regulationGuidance & interpretation
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2026-05-11•France•Bank of France
The Bank of France reported that the G7 central bank Quantum Technologies Working Group, co‑chaired with the Bank of Canada, has issued its first public report outlining a shared analytical framework on how quantum technologies could affect central bank activities and the wider financial sector. The report highlights risks to data and communication security from future quantum computing, the central role of post‑quantum cryptography in quantum‑resilient security, exploratory applications in portfolio optimisation and risk analysis, and system‑level issues including provider concentration, shared dependencies and skills gaps, while stressing that the work supports monitoring and knowledge exchange rather than regulatory decisions.
Policy & regulationCooperationQuantum computing
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2026-05-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has published the results of its 2025 Common Supervisory Action on the compliance and internal audit functions of alternative investment fund managers and UCITS management companies, finding broad compliance with core requirements but significant weaknesses in the independence, quality and practical application of control functions and related oversight by senior management and boards. The EU-wide review highlights gaps in documentation, compliance risk assessments, monitoring and audit plans, follow-up of remedial actions, resourcing and oversight of outsourced or group-provided tasks, and sets out examples of good and poor practices. National competent authorities will address breaches and vulnerabilities through supervisory action and remediation requests, while ESMA will continue to coordinate supervisory convergence work.
SupervisionReviews, inspections & stress testsAuditing
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2026-05-11•Europe•European Central Bank
The European Central Bank has published a working paper on how auto lenders adjusted used-car loan terms after the 2015 diesel emissions scandal and the introduction of low-emission zones. Using 843,889 loans from France, Germany, Italy and Spain between 2008 and 2018, the authors find that captive lenders owned by car manufacturers supported diesel vehicle financing by lowering interest rates and increasing loan-to-value ratios, while independent banks raised borrowing costs in response to circulation restrictions. The paper finds no evidence that lenders adjusted diesel loan conditions in anticipation of future restrictions based solely on prior nitrogen dioxide limit breaches.
ResearchCredit riskMarket risk and volatility
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2026-05-11•Europe•European Central Bank
The European Central Bank published a Working Paper assessing the impact of its exchange rate communication during 217 monetary policy press conferences between 2002 and mid-2023. The authors find that, after controlling for monetary policy shocks, exchange rate statements had limited and short-lived effects on the euro, with effectiveness particularly weak at the effective lower bound, and that monetary policy and central bank information shocks, rather than exchange rate remarks, explained most high-frequency euro moves.
ResearchCurrency and cash managementMarket risk and volatility
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2026-05-11•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a further consultation on amendments to its takeover rules, focusing on disclosure and exemption mechanics for securities acquisitions. Proposals include requiring a declaration of intent on Form 247-3 for conditional takeover announcements (with an exemption for delisting tender offers), clarifying waiver calculations for partial tender offers, and specifying timelines for reducing holdings and filing Form 246 2 where exemptions from mandatory tender offers apply.
Policy & regulationRules & requirementsCorporate governance
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2026-05-11•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has adopted amendments to its Rulebook, covering the General Module, prudential requirements for investment, insurance intermediation and banking business, the Glossary Module, and the Islamic Finance Rules, effective 1 January 2027. The DFSA Board made four rule-making instruments and issued a feedback statement, noting that the final legislation may differ from Consultation Paper No. 167 and that updated modules will replace existing versions on its website, with earlier versions retained in an archive.
Policy & regulationRules & requirements
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2026-05-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority warned that Hong Kong Interbank Clearing Limited has identified a fraudulent website, paymentsystem[.]sbs, impersonating HKICL and harvesting user login credentials before directing victims to WhatsApp chats with fraudsters posing as customer service staff. The authority stressed the site has no affiliation with HKICL, which does not operate any WhatsApp channel or normally contact the public proactively, and urged the public to treat suspicious communications cautiously, verify HKICL contacts via its general line, and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
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2026-05-11•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia and Bank Indonesia have signed a new Memorandum of Understanding to strengthen bilateral cooperation across central banking functions, including monetary policy, financial stability, macroprudential policy, payment systems, digitalisation and financial sector development. The memorandum aims to deepen cooperation in existing areas, extend collaboration into emerging areas of mutual interest and provide a comprehensive platform for continued joint work and information sharing.
Policy & regulationCooperationDomestic cooperation
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2026-05-11•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority has approved draft IFSCA Managing General Agents Regulations, 2026, establishing a framework for registering, regulating and operating managing general agents (MGAs) in Indian IFSCs. The draft sets eligibility criteria for MGAs and foreign insurers, minimum capital and net worth thresholds, and requirements on binding authority agreements, fiduciary accounts, audits, financial security, governance, conduct and record-keeping. Registered MGAs may undertake direct insurance business within the IFSC and outside India, with business from Double Taxation Avoidance Agreement jurisdictions subject to Section 2CB of the Insurance Act, 1938.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-11•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority reported that its chief executive officer participated in the 51st Annual Meeting of the International Organization of Securities Commissions, a virtual gathering focused on market development in emerging economies, capacity-building and related risks. The agenda covered sessions of the Growth and Emerging Markets Committee, the Africa and Middle East Committee and the Presidents Committee, where participants reviewed the March 2026 Growth and Emerging Markets Committee Market Development Survey and shared experience on supporting local capital markets and improving rankings in global equity indices.
Policy & regulationCooperationMarket development
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2026-05-11•Venezuela•Central Bank of Venezuela
The Central Bank of Venezuela has rejoined the Center for Latin American Monetary Studies as part of the normalization of Venezuela’s multilateral financial relations, regaining access to joint work programmes, technical cooperation and regional exchanges on monetary policy, financial stability and new technologies. The announcement followed acting president Luis A. Pérez G.’s participation in CEMLA’s 120th Meeting of Governors and assembly in Spain, where participants agreed a 2026 roadmap focused on institutional normalization and the use of artificial intelligence and big data.
Policy & regulationCooperationCross-border cooperation
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2026-05-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported that gross foreign exchange reserves stood at EUR 28,156.3 million at end-April, down EUR 329.5 million from end-March, while net reserves declined to EUR 23,625.5 million, covering 159.7% of M1 and 6.5 months of imports. Gold reserves reached a record 53,963.0 kilograms, valued at EUR 6,857.9 million or 24.4% of gross reserves, following additional domestic purchases, while the dinar remained broadly stable against the euro as the central bank was a net buyer of EUR 15.0 million in April but a net seller of EUR 1,205.0 million year-to-date.
Data & statisticsBalance of payments and other external statistics
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2026-05-11•Serbia•National Bank of Serbia
The National Bank of Serbia’s Executive Board has designated systemically important banks in Serbia and set additional common equity capital buffer rates of 1% or 2% of risk-weighted assets, depending on their systemic importance. The assessment is conducted at least annually under the bank capital adequacy framework, with the list of systemically important banks and applicable buffer rates published on the central bank’s website.
Policy & regulationRules & requirementsCapital adequacyFinancial stability and systemic risk
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2026-05-11•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission co-hosted an online training workshop with the Australian Securities and Investments Commission on ASIC’s regulatory approach to cryptoassets and digital assets, as a capacity-building exercise for Vietnam’s securities officials. Discussions covered ASIC’s legal framework and licensing roadmap for digital asset platforms, tokenization initiatives, asset classification, client asset protection, use of distributed ledger technology, and anti-money laundering and market transparency requirements.
Institutional developmentCooperation & capacity buildingFintech and insurtechRegtech and suptech
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2026-05-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro’s Council adopted measures to strengthen regulation of non-bank financial service providers, align the framework for financial conglomerates with the relevant EU directive, and modernise payments infrastructure. The draft amendments introduce a new company for combined financial operations subject to stricter prudential requirements and raise the minimum value of transactions processed through the real-time gross settlement system from EUR 1,000 to EUR 3,000 in preparation for a domestic instant payments system under the TIPS Clone project.
Policy & regulationRules & requirementsPayments and payment systems
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2026-05-11•San Marino•Central Bank of San Marino
The Central Bank of San Marino announced that the Great and General Council has appointed Massimo Mancini to its Board of Directors under Article 10 of its statute, replacing outgoing Vice President Francesco Mancini at the end of his term. At its 30 April meeting, the Board appointed Walter Guidi as Vice President.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has adopted a 27 April 2026 board resolution amending several regulatory legal acts to align them with the Law On Consumer Credit and the law amending certain legislative acts on banking legal relations. The electronic version of the resolution is available on the central bank’s website.
Policy & regulationRules & requirementsLending
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2026-05-11•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 published draft regulatory technical standards on cooperation between home and host supervisors of cross-border groups in the financial and non-financial sectors. Within a broader cooperation framework including AML/CFT supervisory colleges and guidelines, the standards clarify roles and day-to-day cooperation arrangements, address supervisory communication channels and digital solutions, introduce a simplified intra-EU disclosure regime, and set out provisions for cross-border inquiries and coordinated supervisory approaches.
Policy & regulationRules & requirementsCross-border cooperation
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2026-05-11•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway will phase out the Altinn role “Utfyller/Innsender” in 2026, replacing it with access packages for Altinn forms and a dedicated Altinn single service “Finanstilsynet e-Reg” for e-Reg reporting. Delegation of the “Utfyller/Innsender” role will cease from 31 May 2026, though existing holders may continue to use it until year-end 2026, while existing Altinn entity roles, including the managing director role “DAGL”, remain unchanged.
SupervisionRegulatory reportingMandate change
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2026-05-11•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has published a new edition of its quarterly dashboard on Belgian public open-ended investment funds. The dashboard provides an overview for 2025 and figures for the fourth quarter.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-11•Jordan•Jordan Securities Commission
The Jordan Securities Commission has outlined the main features of a draft law amending the Securities Law to align the legislative framework with economic and technological developments. The draft focuses on strengthening investor protection, developing financial market instruments and investments, regulating digital assets and securities, and enhancing the efficiency and transparency of Jordan’s financial market.
Policy & regulationRules & requirements
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2026-05-11•Albania•Bank of Albania
The Bank of Albania Governor, speaking at the IIA Albania International Conference 2026, underscored internal audit as a core pillar of financial stability, institutional integrity and trust, and highlighted enhancements to the central bank’s internal audit as part of the third line of defence. He detailed measures including external quality and self-assessments, strengthened reporting lines, closer cooperation with the Audit Committee and Supervisory Council, and a greater role in operational risk and business continuity management, while noting Albania’s progress in aligning internal auditing standards with European and international practice, including the 2025 Global Internal Audit Standards.
Institutional developmentGovernanceMonetary policy decisions and developments
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2026-05-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported that Monetary Board Member Rosalia V. De Leon co-chaired the 29th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in Samarkand, where members reaffirmed their commitment to regional financial cooperation amid global economic challenges and issued a joint statement. Officials reviewed initiatives under the Chiang Mai Initiative Multilateralization, the ASEAN+3 Macroeconomic Research Office, the Asian Bond Markets Initiative and cross-border digital payments. De Leon also co-led the inaugural Central Banking Dialogue on cross-border payments and regional payment connectivity, underscoring the role of efficient, interoperable payment systems in supporting trade, remittances, financial inclusion and financial stability.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2026-05-11•Global•ISDA
The International Swaps and Derivatives Association has released a new episode of The Swap podcast featuring US Securities and Exchange Commission Commissioner Hester Peirce. The discussion covers crypto regulation, Treasury clearing and artificial intelligence in the context of the Clarity Act’s progress in Congress and the evolving US regulatory approach to digital assets.
Financial literacy & educationFintech and insurtechRegtech and suptech
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2026-05-11•Europe•European Commission
The European Commission has published a report concluding that the EU’s regulatory framework for money market funds continues to function well, accompanied by FAQs providing additional guidance. The clarifications focus on minimum liquidity levels and the use of liquidity buffers, particularly during market stress, and aim to support more consistent supervision across the EU. Building on the Commission’s 2023 review, the guidance is intended to help fund managers and competent authorities identify situations requiring closer scrutiny and reduce contagion risk.
Policy & regulationGuidance & interpretationLiquidity riskPrudential risks
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2026-05-11•Europe•European Central Bank - Banking Supervision
In an interview, European Central Bank Banking Supervision Board Member Sharon Donnery said bank competitiveness should rest on resilience, not weaker prudential standards, and called for simplifying the EU framework via greater harmonisation, less complex capital buffers, streamlined reporting and deeper banking integration. She said fragmentation remains a key constraint, reiterated the ECB opposes lower capital buffers, and noted an ECB study found euro area and US banks have comparable capital requirements. She added supervision prioritises business model, governance, resilience in cross-border mergers and geopolitical risk, with results from the ECB’s reverse stress test due in summer.
SupervisionSupervision approach, priorities & toolkitRegulatory burdenSupervision process and methodologies
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2026-05-11•Albania•Bank of Albania
The Bank of Albania, in a speech at an international internal audit conference, underscored internal audit as a core pillar of governance, risk management and financial stability, and described its role as the third line of control in line with international standards. It highlighted enhancements to the internal audit function through external and self-assessments, strengthened reporting and governance cooperation, and progress in aligning with European and global internal audit standards, including the 2025 Global Internal Audit Standards.
Institutional developmentGovernanceAuditing
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2026-05-11•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative reported that France’s export credit agency Bpifrance Assurance Export has moved from affiliate to full membership of the Net-Zero Export Credit Agencies Alliance, committing to decarbonize its portfolio in line with limiting global warming to 1.5°C by 2050. At the alliance’s annual high-level meeting in Oxford, members reviewed progress and agreed to prioritise mobilizing capital for climate solutions and technologies and strengthening cooperation within the export finance sector.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable financeCarbon markets
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2026-05-11•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported that daily average reserve money rose by NT$11.1 billion in April 2026 to NT$7,547.0 billion, as expansionary flows more than offset contractionary liquidity factors. Currency in circulation declined by NT$92.3 billion while reserves deposited with the Bank increased by NT$103.4 billion, and the annual growth rate of daily average reserve money rose to 7.78%, with the average annual growth rate for the first four months of 2026 at 6.68%.
Data & statisticsMonetary data
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority announced that Kingscrown Finance Limited has voluntarily stopped onboarding new customers and undertaking new business with existing customers, including extending credit, with effect from 21 April 2026. The authority reiterated the risks of dealing with unregulated lenders and reminded firms seeking registration under the Money Laundering Regulations 2017 that they must meet anti-money laundering requirements, noting it may impose business restrictions where appropriate.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-05-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority published a speech by deputy chief executive Sarah Pritchard outlining expectations for maintaining confidence in growing UK private markets, including strong first-line controls, proportionate regulation and more connected oversight, alongside forthcoming reforms to the alternative investment fund manager regime. The FCA plans parallel proposals to the Treasury’s consultation that would ease obligations for smaller funds and increase requirements for larger ones, and highlighted its focus on conduct and financial stability risks, including a multi-firm review of conflicts of interest and work with the Bank of England on private market risks.
SupervisionSupervision approach, priorities & toolkitMarket development
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2026-05-11•Lebanon•Central Bank of Lebanon
The Central Bank of Lebanon reported USD 6.109 billion in payments to depositors under Circulars 158 and 166 through March 2026, including USD 4.183 billion funded by the central bank. The measures had benefited 578,770 depositors, with 266,166 fully recovering the deposits in their designated subaccounts. All Circular 158 beneficiaries with eligible deposits of USD 40,200 or less had recovered their full savings by the end of April.
Policy & regulationImplementation, projects & pilotsFinancial and market indicators
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2026-05-11•South Africa•South African Reserve Bank
The South African Reserve Bank has appointed Dr Konstantin Makrelov as Chief Economist and Head of Economic Research, with membership on the Monetary Policy Committee and Financial Stability Committee. Dr Makrelov has led the bank’s economic and climate change-related research since January 2024 and previously spent 12 years at National Treasury working on fiscal forecasting and policy assessment.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market revoked two share issue registrations for JSC ZNVKIF Paritet Invest Resurs and JSC ZNVKIF Bekton and suspended the professional capital markets licence of Financial Company Zhytlo-Capital LLC for property management activities related to construction and real estate. The Commission also approved senior appointments, including board, compliance, internal audit, risk, financial monitoring and supervisory board roles, at several regulated firms.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-05-11•Estonia•Ministry of Finance (Estonia)
The Ministry of Finance (Estonia) published the OECD-INFE 2026 financial literacy survey showing an overall score increase from 68 percent to 70 percent over three years, with the largest gains in attitudes, economic wellbeing and digital financial literacy. The ministry highlighted improving investment knowledge and reducing income-, education- and gender-based gaps as priorities, noting strong basic understanding of inflation and interest rates but weak knowledge of bond–interest rate relationships.
Financial literacy & educationFinancial literacy and education
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2026-05-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro’s Council adopted draft amendments tightening the framework for financial leasing, factoring, purchase of receivables, micro-lending and credit-guarantee operations, fully aligning the financial conglomerates regime with the relevant EU directive, and raising the mandatory RTGS payment threshold to EUR 3,000 from EUR 1,000. The measures strengthen governance, internal control and risk management for non-bank financial service providers and support payment system harmonisation and preparations for a domestic instant payments system.
Policy & regulationRules & requirementsLicensing framework and process
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2026-05-11•Indonesia•Bank Indonesia
Bank of Indonesia’s April 2026 Consumer Survey shows consumer confidence remained optimistic and broadly stable, with the Consumer Confidence Index edging up to 123.0 from 122.9 in March. The improvement was driven by a higher Current Economic Condition Index at 116.5, while the Consumer Expectation Index stayed optimistic at 129.6, slightly down from 130.4.
Data & statisticsEconomic data and developments
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2026-05-11•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy will lead a high-level delegation to the fourth Investopia Europe Milan, part of Investopia Global Talks, to strengthen economic and investment partnerships with Italy and wider European markets. The programme will focus on expansion opportunities in the new economy, tourism, real estate, luxury, artificial intelligence and advanced technologies, and will also examine opportunities in Africa across capital, financial services, energy, luxury goods, real estate, logistics and supply chains. The delegation will hold meetings with Italian ministers, officials and businesses to explore new economic partnerships.
OtherCross-border cooperation
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2026-05-11•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision has published 2025 data on complaints received by insurance undertakings operating in Italy, reporting 107,460 complaints, down 5.4% from 2024, with 47.5% relating to motor third-party liability, 40% to other non-life lines and 12.5% to life business. The decline was driven by a 9.5% fall in complaints against Italian undertakings, while complaints against foreign undertakings rose by 15.3%, particularly in non-life business. IVASS reports that 29.8% of complaints were upheld, with an average response time of 21 days versus a 45-day regulatory maximum, and has published full documentation and complaint rankings via interactive tables on its website.
Data & statisticsComplaints and dispute resolution
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2026-05-11•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities held its 20th annual Board meeting, approving the 2025 annual report and financial statements, the 2026 budget forecast and training plan, and reviewing the 2026 work plan. The Board instructed publication of guidance on cross-border financial activities, market risks and cybersecurity cooperation, launched consultation on the 2026–2030 strategic plan, and authorized a Memorandum of Understanding with the Accounting and Auditing Organization for Islamic Financial Institutions, subject to no financial or legal obligations.
Policy & regulationGuidance & interpretationCyber resilienceRegtech and suptech
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2026-05-11•Italy•Bank of Italy
The Bank of Italy published a research paper on the euro-area repo market using Securities Financing Transactions Regulation data to map market structure and participant roles, finding outstanding volumes are almost evenly split between centrally cleared and bilateral segments. The centrally cleared segment is mainly an interbank, overnight market, while the bilateral segment involves a broader mix of banks and non-bank financial institutions and longer tenors, with primary dealers accounting for around half of bilateral and close to 80% of centrally cleared volumes. A network snapshot of the bilateral market identifies a stable core-periphery structure with 22 core nodes out of 855 participants, underscoring the persistent intermediation role of primary dealers.
ResearchMarket infrastructure
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2026-05-11•Sweden•Finansinspektionen
Sweden’s Financial Supervisory Authority has invited public and private actors in the financial services preparedness sector to participate in FTPOS Sector Exercise 2026, a tabletop and functional exercise aimed at strengthening sector-wide coordination and crisis management through realistic scenarios. The exercise targets authorities, banks, insurance companies, securities firms, central infrastructure organisations and cash-handling actors, and is structured around situational awareness and reporting, sector focus areas, and communication and common messaging.
Policy & regulationImplementation, projects & pilotsOperational risk and resilience
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2026-05-11•France•France Autorite des marches financiers
The French Financial Markets Authority has appointed Christophe Bonnet as director of data and supervision, placing him in charge of the unit responsible for market surveillance and the authority’s broader use of data science, succeeding Alexandra Givry. The directorate is central to the AMF’s market monitoring framework and uses tools such as the ICY surveillance platform, based on big data and artificial intelligence, to detect market anomalies and potential abuse and support the rollout of data and AI across the authority.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-11•Laos•Bank of the Lao
The Bank of the Lao reported that its governor met Australia’s ambassador to discuss bilateral cooperation in the banking sector, focusing on technical assistance from the Australian Treasury and the Reserve Bank of Australia under the Southeast Asia Government-to-Government Partnerships framework. Australia signalled willingness to support implementation of Laos’s 2026–2030 financial institutions and monetary system development plan, including cooperation in priority financial and banking sector areas.
Policy & regulationCooperationOther