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  • 2026-05-08IndonesiaOJK

    Indonesia Financial Services Authority imposes IDR 875 million sanction on Indosaku over third party debt collection oversight failures

    The Indonesia Financial Services Authority sanctioned PT Indosaku Digital Teknologi for deficiencies in managing and supervising third-party debt collection, imposing an IDR 875,000,000 fine, a written warning to the President Director and an order to implement a remediation plan. The plan must strengthen policies, third-party agreements, oversight, quality control, training and complaint handling. The authority reiterated that outsourcing does not diminish providers’ responsibility and signalled possible stronger action for further non-compliance.

    EnforcementSanctions & designationsCompliance
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia highlights need for integrated policy responses and institutional autonomy amid digital and cross-border risks

    Bank of Indonesia Deputy Governor Thomas A.M. Djiwandono said evolving financial architecture and stronger links between institutions, sectors and policy domains require a more integrated policy framework, closer inter-agency coordination, clear legal mandates and autonomy for central banks and financial regulators. At the 4th International Conference and Call for Papers of the Journal of Central Banking Law and Institutions, participants said rapid digital transformation in finance enables innovation but also heightens interconnected risks, underscoring the need for stronger governance, crisis readiness and adaptive supervision to safeguard financial stability.

    Policy & regulationReform agendas & prioritiesMacroprudential policy and toolsMonetary policy decisions and developments
  • 2026-05-08United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation offers disaster-related regulatory relief for Northern Mariana Islands institutions after Typhoon Sinlaku

    The Federal Deposit Insurance Corporation announced supervisory and regulatory relief for FDIC‑supervised institutions affected by Typhoon Sinlaku in the Northern Mariana Islands, including Northern Islands, Rota, Saipan, and Tinian. The FDIC will not criticize prudent loan modifications or other constructive measures to assist borrowers, will consider delays in regulatory filings beyond an institution’s control, may provide flexibility on branch changes and temporary facilities, and will recognize eligible disaster-related activities for Community Reinvestment Act purposes.

    SupervisionSupervision approach, priorities & toolkitOperational risk and resilience
  • 2026-05-08Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago and De La Rue offer two postgraduate scholarships for 2026 2027 worth USD 8500 each

    The Central Bank of Trinidad and Tobago, in partnership with UK-based De La Rue, has opened applications for two postgraduate De La Rue Scholarships for the 2026/2027 academic year, each worth USD 8,500 and tenable for up to two years at the University of the West Indies, St. Augustine. The awards target Trinidad and Tobago nationals pursuing advanced degrees in economics, statistics, mathematics, data science, artificial intelligence and cybersecurity, with selection based on academic merit, community service and financial need. Successful candidates must complete a three-month internship at the Central Bank or another designated public sector institution.

    Institutional developmentCooperation & capacity buildingHiring and recruitment
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission proposes CNY 205.88 million in fines and market bans for Qingyue Technology financial fraud with delisting process to follow

    The China Securities Regulatory Commission has issued a prior administrative penalty notice against Suzhou Qingyue Optoelectronics Technology Co., Ltd. for inflating profits in 2021, 2022 and its 2023 interim report, citing suspected fraudulent issuance and illegal disclosure. Proposed measures include fines totalling CNY 205.88 million on the company and four individuals, securities market bans of four to eight years, potential mandatory delisting by the Shanghai Stock Exchange, and investigations into intermediaries, with any suspected criminal offences to be referred to public security authorities.

    EnforcementInvestigations & enforcement actionsAccounting and financial reportingFraud and scams
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission issues advance penalty notice to Yuandao Communication over 2019 to 2022 revenue overstatement with proposed CNY 238.84 million fine and mandatory delisting risk

    The China Securities Regulatory Commission has issued an advance notice of administrative penalties against Yuandao Communication Co Ltd for overstating revenue between 2019 and 2022, conduct that may constitute fraudulent issuance and unlawful disclosure. It proposes fines of CNY 238.84 million on the company, CNY 18 million on three responsible individuals, five-year securities market bans on relevant personnel, and notes the case may trigger mandatory delisting. The commission has frozen related fundraising accounts, is investigating intermediary institutions, and will refer suspected criminal offences to public security authorities.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-08KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo and Eurostat review progress on statistical alignment with European standards

    The Central Bank of the Republic of Kosovo hosted a Eurostat mission to review progress in aligning Kosovo’s statistical framework with European standards, noting advances in balance of payments, international investment position, foreign direct investment and international trade in services statistics. The central bank outlined efforts to improve data quality, expand coverage, modernise statistical processes and strengthen cooperation with the Kosovo Agency of Statistics, and reiterated its work toward accession to the IMF’s Special Data Dissemination Standard.

    Policy & regulationCooperation
  • 2026-05-08RussiaCentral Bank of Russia

    Central Bank of Russia reports 102,100 first quarter complaints up 8.1 percent as out of remit cases rise and MFO grievances surge

    The Central Bank of Russia received 102,100 financial consumer and investor complaints in Q1 2026, up 8.1% year on year, mainly due to matters outside its competence, while in-scope complaints declined. Complaints against credit institutions and insurers fell, including sharp drops in mortgage, cyberfraud and authorised fraud cases, but complaints against microfinance organisations rose over 47%, largely over refunds for additional services and debt management. The Bank partly attributed this to “debt relief companies” and is considering standardising and regulating their activities with market participants and bona fide legal firms.

    Data & statisticsComplaints and dispute resolution
  • 2026-05-08RussiaCentral Bank of Russia

    Central Bank of Russia analysis shows lower 2025 mortgage delinquencies as lending to older and second mortgage borrowers rises

    The Central Bank of Russia published an analytical commentary using credit history bureau data showing that mortgages issued in 2025 have lower delinquency rates than those in 2024, reflecting tighter creditworthiness assessments and a changing composition of new lending. It notes that many new mortgages are taken by borrowers who will be over 60 at maturity, Family Mortgage loans account for 59% of mortgagors, and the total number of borrowers across banks and microfinance organisations has fallen to 48.5 million, with a notable decline among highly indebted individuals.

    ResearchFinancial and market indicatorsSupervisory data
  • 2026-05-08UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves draft municipal bond rules with base prospectus option and 7 working day review

    The Ukraine National Commission on Securities and Stock Market has approved for consultation a draft regulation updating rules for issuing and circulating municipal bonds, aligning them with the Budget Code and expanding communities’ capital market funding options. The draft introduces two issuance models based on a single prospectus or a base prospectus with multiple issues and clarifies that approvals may be granted by the Verkhovna Rada of the Autonomous Republic of Crimea and oblast, city, settlement and village councils, while shortening the Commission’s bond registration review period to seven working days.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2026-05-08Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury issues six month legal fees general licence under most autonomous sanctions regimes with new DP Group rules

    The Treasury of the Isle of Man has issued General Licence IOM/2026/SAN004 under most autonomous sanctions regimes, permitting law firms and counsel to receive payments for legal services from designated persons without a specific licence, subject to conditions. The licence introduces definitions of “DP Group” and “Foreign Bank Account”, revises permissions and conditions, and imposes aggregate fee and expense caps per firm or counsel across all matters for a DP Group or designated person. Users must report activity under the licence to the Treasury and retain records for at least six years.

    Policy & regulationRules & requirementsSanctions list update
  • 2026-05-08EuropeEuropean Central Bank

    European Central Bank publishes transparency paper on 19 Eurosystem and European System of Central Banks committees and their operating framework

    The European Central Bank has published a paper on the history, role and functioning of the Eurosystem and European System of Central Banks committee framework, explaining how these bodies provide technical advice and coordinate implementation for the ECB’s decision-making bodies and the Supervisory Board. It outlines a structure of 19 non-decision-making bodies with mandates reviewed every three years and work organised via annual programmes, meetings and written procedures, noting that committees held more than 200 meetings and over 1,300 written procedures in 2025 and that from 2026 physical meetings are capped at 2024 levels, contributing to an 80% reduction compared with 2019.

    Institutional developmentMandate & organizational structureOrganizational structure
  • 2026-05-08EuropeEuropean Central Bank

    European Central Bank reports weekly balance sheet down EUR 10.8 billion to EUR 6.19 trillion

    The European Central Bank reported that its total assets and liabilities declined by EUR 10,766 million week-on-week to EUR 6,185,235 million, mainly reflecting lower lending to euro area credit institutions and reduced euro-denominated securities of euro area residents. On the liabilities side, monetary policy-related liabilities to euro area credit institutions and current accounts under the minimum reserve system decreased, while use of the deposit facility increased, alongside higher foreign-currency claims on non-euro area residents and lower euro-denominated liabilities to other euro area residents.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan reports foreign exchange purchase auction results with 14 participants and a weighted average rate of 9.3670 USD TJS

    The National Bank of the Republic of Tajikistan published results of its 8 May 2026 foreign exchange purchase auction, which attracted 14 participants. The weighted average accepted rate was 9.3670 USD/TJS, with accepted bid sizes ranging from USD 80,000 to USD 21,705,000.

    Monetary policyMonetary policy instruments & operationsOther
  • 2026-05-08Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority announces pricing of about HKD27.6 billion in HKSAR Government green and infrastructure bonds

    The Hong Kong Monetary Authority, on behalf of the HKSAR Government, has priced about HKD27.6 billion equivalent of green and infrastructure bonds in HKD, RMB, USD and EUR under the Government Sustainable Bond Programme and Infrastructure Bond Programme, with proceeds to finance or refinance eligible projects under the Government's Green Bond and Infrastructure Bond Frameworks. The multi-currency offering, including a HKD3 billion 30-year tranche and long-dated RMB tranches, attracted orders of about HKD239 billion equivalent, or 8.6 times the amount offered, and is rated AA- (Fitch), Aa3 (Moody's) and AA+ (S&P).

    Policy & regulationImplementation, projects & pilotsGreen taxonomyClimate risk and sustainable financeFinancial stability and systemic risk
  • 2026-05-08CroatiaCroatian Financial Services Supervisory Agency

    Croatian Financial Services Supervisory Agency highlights need for coordinated implementation of Croatia's capital market strategy

    At the Financial Market conference in Opatija, the Croatian Financial Services Supervisory Agency (Hanfa) said Croatia’s capital market now depends on coordinated operational implementation rather than new strategies, urging alignment between the state, regulator, infrastructure, industry and issuers, and reforms tailored to entrepreneurs’ financing needs. A panel on the Ministry of Finance’s 2025–2030 Strategic Framework noted early progress but gaps between planned measures and feasibility, citing complex administration, weak liquidity and limited quality investments, and discussed tax-favoured investment accounts, the PutNaTržište regulatory sandbox and an IPO fund.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-05-08BrazilCentral Bank of Brazil

    Central Bank of Brazil launches four tutorials to improve access to its Open Data Portal

    The Central Bank of Brazil has published four tutorials for its Open Data Portal explaining how to access, navigate and extract public datasets, including via the Olinda data browser and direct OData and CSV connections in Excel. The materials respond to user queries on handling portal data and illustrate use cases such as querying Pix statistics and exchange rate series, as portal views rose to about 5.6 million in 2025 from 1.4 million in 2024.

    Policy & regulationGuidance & interpretationRegulatory reportingSupervisory data
  • 2026-05-08EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association urges targeted Shareholder Rights Directive revision and warns against wholesale changes

    The European Fund and Asset Management Association has urged the European Commission to pursue a targeted revision of the Shareholder Rights Directive to remove barriers to shareholder participation, while warning that large-scale changes could hinder shareholder rights. EFAMA prioritises harmonised AGM timelines, digitalised Power of Attorney processes, workable split voting, automatic end-to-end vote confirmation and clearer EU-level safeguards for speaking and intervention rights in all AGM formats, with hybrid meetings seen as most suitable for asset managers. It also supports retaining the current comply-or-explain approach to annual engagement reporting and opposes any weakening of say-on-pay provisions.

    Policy & regulationOtherCorporate governance
  • 2026-05-08GhanaBank of Ghana

    Bank of Ghana announces fintech commitments including innovation hub and Continental FinTech Sandbox

    The Bank of Ghana Governor used his closing keynote at the 3i Africa Summit 2026 to announce an innovation hub, a dedicated fintech legal framework, a Continental FinTech Sandbox and a National FinTech Inclusion Programme as the summit’s implementation phase. He highlighted recent measures including the Virtual Asset Service Providers Act, 2025, a directive for digital credit providers and amendments to the Cyber and Information Security Directive, alongside macroeconomic improvements and efforts toward financial system harmonisation, licence passporting and supervisory convergence across Africa.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
  • 2026-05-08Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority publishes consultation conclusions on risk based capital amendments to incentivise infrastructure investment

    The Hong Kong Insurance Authority has published consultation conclusions on amendments to the Insurance (Valuation and Capital) Rules under the Risk-based Capital regime, aimed at encouraging infrastructure investment by insurers while maintaining prudential safeguards. Following generally supportive feedback, the authority refined the draft amendments, including the scope of eligible infrastructure investments and reduction factors, and introduced a consequential amendment to the Insurance (Maintenance of Assets in Hong Kong) Rules.

    Policy & regulationRules & requirementsCapital adequacyPrudential risks
  • 2026-05-08ChileCentral Bank of Chile

    Central Bank of Chile reports debit card use at 81 percent and cash at 64 percent in 2025 payment preferences survey

    The Central Bank of Chile has published results of the 12th National Survey on Cash Use and Preferences (ENUPE 2025), indicating a broader mix of payment options with debit cards the most used method at 81 percent, followed by cash at 64 percent, and a widened post-pandemic gap between the two. Cash remains widely used, particularly for low-value transactions, fairs and public transport, with frequent cash use stable at 60–64 percent and 57 percent of respondents saying they would be affected if merchants stopped accepting cash.

    Data & statisticsCurrency and cash management
  • 2026-05-08MalaysiaBank Negara Malaysia

    Bank Negara Malaysia reports USD129.7 billion in international reserves with 4.7 months import cover

    Bank Negara Malaysia reported that its international reserves stood at USD129.7 billion as at 30 April 2026, sufficient to finance 4.7 months of imports of goods and services and equivalent to 0.9 times total short-term external debt. The central bank noted that short-term external debt, measured using 4Q 2025 data, mainly reflects resident banks’ foreign currency liquidity operations and multinational corporations’ intra-group borrowing, typically serviced from external assets rather than central bank reserves.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority and FICCI sign MoU to develop GIFT IFSC as a global aviation finance hub at aircraft leasing summit

    The India International Financial Services Centres Authority, the Ministry of Civil Aviation and the Federation of Indian Chambers of Commerce & Industry held the second India Aircraft Leasing and Financing Summit, underscoring plans to develop GIFT IFSC as a hub for aircraft leasing and aviation finance. IFSCA highlighted enabling measures, including an extended tax holiday, a single-window IT system and new SPV and trust structures, and signed an MoU with FICCI to support GIFT IFSC’s growth as an international financial centre and aviation finance hub.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-05-08EstoniaCentral Bank of Estonia

    Central Bank of Estonia highlights April inflation at 3.4% with energy accounting for a third of the rise

    The Central Bank of Estonia commented on Statistics Estonia data showing annual consumer price inflation of 3.4% in April, with around one third of the increase driven by energy, mainly motor fuels linked to the war in Iran and supply disruptions in the Persian Gulf. The bank highlighted sharply higher diesel and petrol prices, continued upward pressure from last year’s value added tax increase, and noted that at constant tax rates Estonia’s inflation has recently been among the lowest in the euro area, where inflation was 3% in April.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2026-05-08United StatesFederal Reserve Board

    United States Federal Reserve Board Governor Cook outlines tokenization opportunities and warns of liquidity and interconnectedness risks

    The Federal Reserve Board published a speech by Governor Lisa D. Cook noting that tokenization of financial assets could enhance collateral mobility, liquidity management, settlement efficiency and cross-border market access, but may pose new financial stability risks as it scales. She said U.S. tokenized assets have more than doubled over the past year to around USD 25 billion, led by government bond funds, and stressed that tokenization should complement traditional market infrastructure.

    ResearchTokenization
  • 2026-05-08AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan publishes insurance intermediary attestation results with one candidate passing

    The Central Bank of the Republic of Azerbaijan published the results of a 1 May 2026 attestation for the insurance sector, with one of four candidates, Cavid Vahid Mammadov, achieving the required pass mark for insurance intermediation activities. The attestation requirement applies under Rule 4.6 to heads of legal entity insurance brokers, heads of legal entities engaged exclusively in insurance agency activity, and natural persons applying for an insurance intermediary licence.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-08NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway finds market manipulation breach and imposes NOK 500000 penalty over NEXT opening auction trades

    The Financial Supervisory Authority of Norway found that an individual investor breached the prohibition on market manipulation under Article 15 of the Market Abuse Regulation and imposed a NOK 500,000 fine. Extensive, systematic purchases in the opening auction for NEXT shares, often exceeding 50 percent of auction volume and lifting opening prices, gave misleading signals and supported the share price at an artificial level. The decision underscores that executed trades can constitute market manipulation when they influence reference prices and notes that the trading pattern continued despite broker warnings.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2026-05-08NorwayNorwegian Finanstilsynet

    The Financial Supervisory Authority of Norway updates DORA incident reporting guidance and clarifies 72 hour status reporting and one month final report deadlines

    The Financial Supervisory Authority of Norway has updated its guidance on incident reporting under the Digital Operational Resilience Act, clarifying when firms must submit status and final reports following serious ICT-related incidents. It specifies timelines and triggers for initial and subsequent status reports, confirms that remedial actions need not be completed before the final report, and updates the Altinn incident reporting form to allow firms to enter future dates for handling root causes and expected resolution.

    Policy & regulationGuidance & interpretationOperational risk and resilience
  • 2026-05-08BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority outlines 2026 operating cost contribution notices for intermediaries

    The Belgium Financial Services and Markets Authority has issued a newsletter for intermediaries outlining notices to pay contributions toward its operating costs for the 2026 financial year. The authority states that these notices will be sent by the second half of June 2026, with further details available in Dutch and French.

    Policy & regulationGuidance & interpretationLicensing and supervisory fees
  • 2026-05-08BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority announces reopening of VGP trading on Euronext Brussels at 09:00 CET on 08 May 2026

    The Belgium Financial Services and Markets Authority announced that, pursuant to Article 78 of the Law of 21 November 2017, trading in VGP financial instruments on Euronext Brussels will reopen. Trading will resume on 08 May 2026 at 09:00 CET.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08BotswanaBank of Botswana

    Bank of Botswana says Financial Stability Council sees Botswana’s financial system as resilient but risks tilted to the upside

    The Bank of Botswana’s Financial Stability Council concluded at its 7 May 2026 meeting that Botswana’s financial system remains broadly resilient, supported by strong capital buffers, sound market infrastructure, and robust regulation, but that systemic risks have increased and are skewed to the upside. Sovereign vulnerabilities were deemed the main threat, alongside persistent liquidity pressures, structural funding weaknesses, climate-related risks, and sectoral vulnerabilities. Domestic risks stem from weaker external inflows, subdued diamond markets, declining foreign exchange reserves, and rising public debt. The council warned that weak fiscal consolidation and debt management could crowd out private credit and heighten reliance on central bank facilities, and urged maintaining strong capital and liquidity buffers, better liquidity risk management and stress testing, closer monitoring of sovereign exposures, and stronger regulatory coordination.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
  • 2026-05-08AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan convenes banks and fintechs on digital payments expansion instant payments and open banking

    The Central Bank of the Republic of Azerbaijan held an event with banks and fintech organisations on the digital transformation of the payments ecosystem, focusing on wider use of digital payment instruments, development of the Instant Payment System, AZQR payments, and open banking solutions. Discussions highlighted the impact of QR and instant payments on consumer behaviour, the need for stronger cooperation and common standards, and future strategic directions for digital payment solutions.

    Policy & regulationImplementation, projects & pilots
  • 2026-05-08MauritiusBank of Mauritius

    Bank of Mauritius extends business transformation consultancy bid deadline to 18 May and clarifies core banking project scope

    The Bank of Mauritius has issued an addendum to its RFP for consultancy services on its Business Transformation Project, clarifying scope, commercial terms and project approach while extending the submission deadline. The consultant will provide independent oversight for replacing and enhancing the Bank’s core banking system and central banking functions, including governance support, review of vendor processes, test strategy, quality assurance and data migration oversight. The Bank confirmed requirements such as on-site presence, no subcontracting, fixed lump-sum pricing in MUR with milestone-based payments, and liquidated damages of up to 20% of contract value for consultant-attributable delays.

    Institutional developmentProcurementOutsourcing and third-party risk management
  • 2026-05-08MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority signs cooperation memorandum with the Agency for Prevention of Corruption on real time asset data sharing

    The Montenegro Capital Market Authority has signed a memorandum of cooperation with the Montenegro Agency for Prevention of Corruption to establish joint working arrangements and real-time electronic information exchange on public officials’ conflicts of interest and asset monitoring, focusing on securities and cryptocurrencies. The agreement includes joint staff training and is linked to the forthcoming Law on Prevention of Corruption, expected to introduce broader powers, additional obligations and stronger control mechanisms.

    Policy & regulationCooperationDomestic cooperation
  • 2026-05-08MoldovaNational Bank of Moldova

    National Bank of Moldova reports 2025 insurance sector growth while profitability weakens and the combined ratio reaches 103.5 percent

    The National Bank of Moldova’s end-2025 review of the insurance sector reports growth in assets, technical reserves, premiums and claims, alongside weaker profitability and lower average solvency and liquidity ratios compared with end-2024. All nine insurers remained above prudential thresholds, with solvency ratios above 100 percent, liquidity coefficients above 1 for each insurance category, and sufficient admissible assets to cover technical reserves and the minimum capital requirement.

    Data & statisticsOther
  • 2026-05-08GeorgiaInsurance State Supervision Service of Georgia

    Insurance State Supervision Service of Georgia joins NAIC international insurance forum and discusses supervisory reforms with US regulators

    The Insurance State Supervision Service of Georgia reported that its head, Davit Onoprishvili, joined the 2026 National Association of Insurance Commissioners international insurance forum in Washington and met US insurance supervisors. Discussions covered supervisory and legislative frameworks, technological innovation, cybersecurity and operational risk, health insurance data processing, personal data protection, and climate-related catastrophe risk. The engagement supports Georgia’s international integration in insurance supervision, adoption of US and other international practices, and closer legislative alignment.

    SupervisionCooperationOther
  • 2026-05-08TaiwanCentral Bank of Taiwan

    Central Bank of Taiwan reports unchanged 0.823% April overnight call rate as interbank turnover rises and commercial paper rates edge up

    The Central Bank of Taiwan reported that the weighted average overnight interbank call loan rate was unchanged at 0.823% in April 2026, while interbank call loan activity strengthened and commercial paper rates increased. Total interbank call loan turnover rose 3.38% month on month to TWD 2,298 billion, with domestic banks remaining the main borrowers and lenders, and outstanding short-term bills in the TDCC Bills Clearing and Settlement System increased 4.82% to TWD 4,303.5 billion despite declines in overall short-term bill and commercial paper turnover.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2026-05-08CyprusCentral Bank of Cyprus

    Central Bank of Cyprus updates banking sector non-performing loan data with ratio unchanged at 1.6% in February 2026

    The Central Bank of Cyprus published updated aggregate data on non-performing loans in the Cypriot banking sector as of 28 February 2026, showing the non-performing loan ratio unchanged at 1.6% under the European Banking Authority Risk Dashboard methodology. The coverage ratio for non-performing loans rose slightly to 62.4%, while total restructured loans stood at EUR 0.8 billion, of which EUR 0.3 billion remained classified as non-performing.

    Data & statisticsSupervisory data
  • 2026-05-08BulgariaNational Bank of Bulgaria

    Bulgarian National Bank reports 92.52% of lev cash withdrawn and euro circulation above EUR 8.4 billion

    The Bulgarian National Bank reported that Bulgaria’s cash changeover is progressing under the existing legal and operational framework, with 92.52% of lev banknotes and coins in circulation at the start of 2025 already withdrawn and the euro serving as sole legal tender since 1 February 2026. It noted that BGN 2.3 billion in lev cash remains outside its cash desks and that net euro banknotes and coins in circulation exceed EUR 8.4 billion, sufficient to support normal payment system functioning and economic needs.

    Policy & regulationImplementation, projects & pilotsMandate change
  • 2026-05-08South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes April official reserve data with gross reserves at USD 77.1 billion and ILP at USD 73.8 billion

    The South African Reserve Bank reported that as at 30 April 2026 gross reserves were USD 77.089 billion, down USD 670 million from end-March, while the international liquidity position rose USD 570 million to USD 73.757 billion. Gold reserves increased to USD 18.700 billion and Special Drawing Rights to USD 6.664 billion, while foreign exchange reserves fell to USD 51.725 billion and foreign currency deposits from customers narrowed to minus USD 3.918 billion. Reserve movements mainly reflected a USD 235.8 million foreign exchange loan from the French Development Agency, a higher US dollar gold price, valuation effects, and government foreign exchange payments.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes April 2026 statement showing total assets and liabilities down ZAR 32.5 billion

    The South African Reserve Bank’s monthly statement of assets and liabilities as at 30 April 2026 reported total assets and total equity and liabilities of ZAR 1,351,264,975,635, down ZAR 32,482,040,643 from March. The decline was driven by lower gold and foreign assets, including a ZAR 31,713,280,349 fall in foreign exchange reserves excluding Special Drawing Rights to ZAR 867,827,657,019 and a ZAR 2,288,324,039 decrease in gold to ZAR 313,733,372,321, partly offset by higher bank deposits and increased domestic holdings of South African government securities.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08LuxembourgLuxembourg Commissariat aux Assurances

    Luxembourg Insurance Commission reports first quarter 2026 non-life premiums down 2.19 percent and life premiums up 18.13 percent

    The Luxembourg Insurance Commission reported Q1 2026 premiums up 8.29 percent year on year to EUR 14.85 billion, with non-life premiums down 2.19 percent and life premiums up 18.13 percent. The non-life decline was mainly linked to 2025 restructurings, with constant perimeter non-life premiums up 3.54 percent, while life growth was broad-based across unit-linked and guaranteed-return products and pension funds. Life insurers’ technical provisions rose 7.82 percent to EUR 261.57 billion, with unit-linked products representing over 80 percent of the total.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia reports April reserve assets at USD146.2 billion remaining above adequacy standards

    Bank of Indonesia reported that official reserve assets declined to USD146.2 billion at end-April 2026 from USD148.2 billion in March, remaining equivalent to 5.8 months of imports and above the international adequacy standard. The change reflected tax and services receipts and government global bond issuance offset by external debt repayments and Rupiah stabilisation operations, with the central bank stating reserves remain adequate to support external resilience and macro-financial stability.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08IndonesiaBank Indonesia

    Bank of Indonesia survey shows primary residential property price growth slowed to 0.62% and sales contracted 25.67% in the first quarter of 2026

    Bank of Indonesia’s latest Residential Property Price Survey reports subdued primary market price growth in the first quarter of 2026, with the Residential Property Price Index up 0.62% year on year versus 0.83% in the previous quarter and primary market sales contracting 25.67% year on year. Medium residential unit sales increased, while small and large unit sales remained weak, and developers relied predominantly on internal funds for development (80.66%) and housing loans from banks for home purchases (69.87%).

    Data & statisticsFinancial and market indicators
  • 2026-05-08LuxembourgCentral Bank of Luxembourg

    Central Bank of Luxembourg publishes provisional March lending and deposit rates as household variable mortgage rates hold at 3.07 percent and large corporate lending reaches EUR 3.49 billion

    The Central Bank of Luxembourg published provisional March 2026 data on average interest rates for new loans and deposits of Luxembourg credit institutions to euro area households and non-financial corporations, showing broadly stable household variable mortgage rates at 3.07 percent alongside higher new mortgage volumes of EUR 308 million. Fixed mortgage rates for households moved mixed across maturities, while consumer credit and household term deposit rates edged higher. Corporate borrowing costs increased across size bands, with variable rates on loans above EUR 1 million rising to 3.02 percent and new lending reaching EUR 3.489 billion, and term deposit rates for non-financial corporations with maturities up to one year at 1.96 percent.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2026-05-08EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision publishes updated climate and nature risk management good practices with expanded focus on nature risks and ICAAP

    The European Central Bank Banking Supervision has updated its report on good practices for climate and nature risk management, reflecting its 2020-25 supervisory programme and alignment with European Banking Authority ESG risk guidelines. The report refreshes 18 practices, adds five, and expands coverage of internal capital adequacy assessment and nature-related risk management, emphasising transition planning and physical, reputational and litigation risks. The ECB stresses the examples are illustrative and do not introduce new supervisory expectations or legal requirements.

    Policy & regulationGuidance & interpretation
  • 2026-05-08EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision updates climate and nature risk stress testing good practices with new physical and nature risk modelling examples

    The European Central Bank Banking Supervision has updated its report on good practices for banks’ climate and nature-related risk stress testing. By end-2024, all significant institutions had integrated climate risk into stress-testing frameworks, but key risk drivers, portfolios and transmission channels are still sometimes missed and modelling remains insufficiently robust. The 2026 update focuses on integrating climate risk into credit risk models, adds sections on physical and emerging nature-related risks, and highlights data gaps, especially for greenhouse gas emissions and energy performance certificates. The report supports implementation of the ECB Guide on climate and environmental risks and the EBA Guidelines on environmental scenario analysis and ESG stress testing, effective 1 January 2027, without introducing new legal or regulatory requirements.

    Policy & regulationGuidance & interpretation
  • 2026-05-08NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets publishes chair's column urging more long term investing by Dutch households

    The Dutch Authority for the Financial Markets published a column by chair Laura van Geest highlighting that many Dutch households lack adequate cash buffers and, once those buffers are in place, underinvest despite sufficient resources, with implications for financial resilience and retirement. She notes that more than half of non-investors cite lack of knowledge, around 40% cite risk and about 30% lack interest, while retail risks such as investment fraud estimated at about EUR 750 million and unsuitable products persist. The column frames this as a consumer financial wellbeing issue and stresses that supervision should protect retail investors without creating unnecessary barriers.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission and Ministry of Finance approve two mainland accounting firms for eligible H share audits in Hong Kong

    The China Securities Regulatory Commission and the Ministry of Finance have approved Rongcheng and Tianzhi International, both special general partnerships, to issue audit reports in their own names for eligible H-share companies in the Hong Kong capital market from 15 May 2026. The approvals follow review by the mainland approval and recommendation committee for H-share audit business and confirmation by Hong Kong regulators, with the firms under strict ongoing supervision to ensure compliance with relevant requirements.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission and China's Ministry of Finance add two mainland accounting firms to list for H-share company audits

    China's Ministry of Finance, the China Securities Regulatory Commission and the Hong Kong Accounting and Financial Reporting Council have added two mainland accounting firms, Rongcheng and Tianzhi International, to the supplementary list of firms eligible to undertake H-share company audit work, following the exit of two firms. The authorities will apply dynamic list management and market exit arrangements, including ongoing practice quality inspections, annual sampling inspections of H-share audit engagements and mandatory submission of H-share audit information via the unified certified public accountant industry supervisory platform.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-05-08EuropeEuropean Commission

    European Commission launches call for bioeconomy investment group to mobilise blended public and private finance

    The European Commission has launched a call for expressions of interest to join the European Bioeconomy Investment Deployment Group, a new platform to accelerate funding for sustainable bio-based innovation and close financing gaps. The group will bring together the Commission, the European Investment Bank Group, national promotional banks, commercial banks, private financial institutions and selected investors to coordinate investment, improve access to capital and develop blended finance and risk-sharing mechanisms for innovative bio-based technologies and industrial deployment.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeMarket development
  • 2026-05-08ItalyBank of Italy

    Bank of Italy research finds interest rate derivatives cut Italian non-financial firms' annual debt costs by about 20 per cent during monetary tightening

    The Bank of Italy published a research note showing that Italian non-financial companies’ use of interest rate derivatives in 2021-24 materially mitigated the impact of the European Central Bank’s 2022-23 tightening on borrowing costs, reducing the annual cost of debt by about 20 per cent on average and delivering estimated benefits of roughly 100 basis points in 2023 and 70 basis points in 2024. The analysis, based on linked EMIR, AnaCredit, Securities Database and Cerved data, finds widespread use of interest rate swaps and high hedge ratios against variable-rate bank debt, with most swaps contracted with the lending banking group.

    ResearchRisk managementMarket risk and volatility
  • 2026-05-08UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market outlines 2026 to 2027 reform priorities including 10 to 14 day securities issuance and virtual assets regulation

    The Ukraine National Commission on Securities and Stock Market outlined its 2026–2027 capital markets reform priorities, focusing on shortening securities issuance timelines, introducing individual investment accounts and enabling municipal bond issuance. It highlighted a securitisation bill to allow banks to raise funds against mortgage portfolios, a virtual assets bill making the Commission the lead regulator, and ongoing work to expand foreign investor access and address capital repatriation.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2026-05-08GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance says illegal gambling bill will enter public consultation with EUR 800 million supplementary budget and support measures

    Greece’s Ministry of National Economy and Finance will release a bill on illegal gambling for public consultation, including a EUR 800 million supplementary budget with support measures targeting higher energy costs and international uncertainty. The minister outlined revised macroeconomic projections, with lower 2026 growth and a temporary inflation rise, but higher 2027 growth and investment and lower 2027 inflation. The draft bill will introduce new social benefits, tax online betting companies, and expand private debt relief, including extended out-of-court mechanisms and more flexible primary residence restructuring.

    Policy & regulationRules & requirementsOther
  • 2026-05-08SwedenFinansinspektionen

    Swedish Financial Supervisory Authority joins ESMA-led review of investment firms' conflicts of interest controls

    The Swedish Financial Supervisory Authority is participating in an EU-wide supervisory review, coordinated by the European Securities and Markets Authority, on how investment firms manage conflicts of interest in their dealings with clients. The review will assess firms’ routines, suitability processes, control functions and remuneration systems to ensure products are appropriate for consumers and that the duty to act in clients’ best interests is not subordinated to firms’ profitability, including through an in-depth analysis of Swedish firms.

    SupervisionCooperationCorporate governance
  • 2026-05-08SwedenFinansinspektionen

    Swedish Financial Supervisory Authority publishes mortgage rate data showing average variable rate reached 2.62 percent in March and bank spread was 0.26 percentage points

    The Swedish Financial Supervisory Authority reported that average rates on new and renegotiated variable-rate mortgages rose in the first quarter of 2026, with significant differences between lenders. In March, the average variable rate at the eight largest mortgage banks was 2.62 percent, and the 0.26 percentage point spread equated to just over SEK 5,000 a year on a SEK 2 million loan. The share of borrowers choosing fixed rates increased from 17.5 percent in February to 33 percent in March. The authority said average rates, reflecting actual customer outcomes, are a more reliable benchmark than advertised rates for comparing banks and negotiating mortgage terms.

    Data & statisticsFinancial and market indicators
  • 2026-05-08EuropeEuropean Central Bank

    European Central Bank argues against promoting euro stablecoins and points to central bank money settlement from September

    The European Central Bank published a speech by President Christine Lagarde arguing that Europe should not promote euro-denominated stablecoins, as their financial stability and monetary policy trade-offs outweigh potential benefits for euro demand. She instead advocates tokenised finance built on infrastructure anchored in central bank money, highlighting the Eurosystem’s Pontes project to link distributed ledger platforms to TARGET for wholesale settlement and the Appia roadmap towards a fully interoperable European tokenised financial ecosystem by 2028.

    Monetary policyMonetary policy assessments & outlooksStablecoins
  • 2026-05-08PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines extends 2025 audited financial statements filing deadline for supervised institutions to 30 June 2026

    The Central Bank of the Philippines has extended to 30 June 2026 the deadline for all covered Bangko Sentral ng Pilipinas-supervised financial institutions to submit their 2025 audited financial statements and accompanying reports. Electronic submission requirements for banks and non-bank financial institutions will continue to follow Bangko Sentral ng Pilipinas Memoranda Nos. M-2020-055 and M-2020-060.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2026-05-08PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reiterates AML and merchant due diligence obligations for payment activities and QR Ph services

    The Central Bank of the Philippines reminded all Bangko Sentral ng Pilipinas-supervised institutions to strictly apply existing anti-money laundering and counter-terrorism and proliferation financing controls across payment activities, including account onboarding, monitoring and merchant payment acceptance. The memorandum reiterates that institutions remain primarily responsible for AML/CTPF compliance, including where payment aggregators are involved, and must maintain visibility over underlying merchants and payment activity, distinguish merchant from personal accounts, and implement measures against mule merchants and QR code misuse, including controls for QR-enabled services under QR Ph.

    Policy & regulationGuidance & interpretationAML and CFTPayments and payment systems
  • 2026-05-08PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines warns against dealing with unauthorized virtual asset service providers

    The Central Bank of the Philippines warned the public against using unauthorized virtual asset service providers, citing heightened risks of fraud, operational failures, weak consumer protection and potential service disruption from enforcement action. It highlighted risks including loss of funds from scams, security breaches, cyber attacks and bankruptcy, limited legal recourse and data privacy issues, and said it is working with the Securities and Exchange Commission and other agencies to restrict access to unlicensed platforms while directing consumers to use only licensed institutions.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-05-08NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets plans to renew DSI professional competence covenant after audit finds it effective despite registration and monitoring gaps

    The Dutch Authority for the Financial Markets has published an external audit of its covenant with Stichting DSI on the professional competence of investment professionals. The audit by KWINK group concludes the arrangement is an efficient, effective tool within the AFM’s risk-based supervision and will be renewed at the end of 2026. It found broad support for DSI certification but highlighted low registration rates after DSI-accredited training, misalignment between training, examinations and practice, and scope to improve monitoring. The renewal will incorporate these recommendations and reflect AFM’s recent information requests to investment firms and banks on how they ensure staff competence.

    SupervisionSupervision approach, priorities & toolkitAuditing
  • 2026-05-08AustraliaAustralian Transaction Reports and Analysis Centre (AUSTRAC)

    Australian Transaction Reports and Analysis Centre launches two supervisory campaigns covering 36 over-the-counter crypto firms and 27 local exchanges

    The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched two targeted supervisory campaigns in the virtual assets sector to assess how crypto businesses manage money laundering risks as new reforms broaden regulation. The campaigns cover 36 over-the-counter “ramps and rails” providers and 27 local crypto exchanges, focusing on business models, AML/CTF risk management and governance. AUSTRAC noted that obligations will extend to a wider range of virtual asset services, including custody and brokerage, and said it will continue to provide guidance to support compliance.

    SupervisionReviews, inspections & stress testsAML and CFT
  • 2026-05-08UzbekistanMinistry of Finance (Republic of Uzbekistan)

    Uzbekistan Ministry of Economy and Finance holds working group discussion on draft Startups law concept and regional support

    The Ministry of Economy and Finance of Uzbekistan convened a working group roundtable and seminar on a draft law On Startups and on supporting regional startup projects, as part of the presidential decision to introduce a comprehensive startup support ecosystem. Discussions addressed the legal status and registration of ecosystem participants, rights of venture funds and investors, state support mechanisms, intellectual property protection and commercialization, and embedding concepts such as startup, institutional investor, venture fund, business angel, accelerator and incubator in legislation, alongside coordination of regional initiatives and financing.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2026-05-08KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reminds borrowers of debt restructuring ombudsman recourse and personal bankruptcy rules

    The Agency for Regulation and Development of the Financial Market of Kazakhstan reminded borrowers of the unified mechanism for restructuring obligations to banks, microfinance organizations and collection agencies in documented financial hardship, and of the option to escalate disputes to bank and microfinance ombudsmen whose binding decisions are free. It also highlighted the out-of-court personal bankruptcy procedure, noting consequences including a five-year ban on new loans, three years of financial monitoring and a seven-year interval before repeat bankruptcy.

    Policy & regulationGuidance & interpretationOther
  • 2026-05-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission permanently bans Trent Giumelli from financial services over unlicensed property investment schemes that raised around AUD 48 million

    The Australian Securities & Investments Commission has permanently banned property developer Trent Simon Giumelli from providing financial services after finding serious incompetence, irresponsibility and disregard for financial services laws. ASIC found that, through the Giumelli Group, he operated real estate wealth coaching programs and unregistered managed investment schemes without an Australian financial services licence over eight years, raising around AUD 48 million. The ban, effective 6 May 2026 and recorded on ASIC’s Banned and Disqualified Register, prohibits him from any role in a financial services business, and he may apply to the Administrative Review Tribunal for review.

    EnforcementSanctions & designationsUnlicensed or unauthorized activity
  • 2026-05-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission chair outlines priorities on prevention technology risks and superannuation reform in final conference discussion

    The Australian Securities & Investments Commission published a fireside discussion with outgoing Chair Joe Longo, who reiterated ASIC’s priorities, including operating as a modern, confident regulator with more systematic engagement with the community and financial counselling sector. Longo emphasised greater investment in preventing financial harm through financial literacy and tools such as Moneysmart, enhanced capability to address scams and AI-driven misconduct, and closer work with digital platforms. He noted that recent Shield and First Guardian cases highlighted vulnerabilities in Australia’s AUD 4.5 trillion superannuation system and underscored the need for law reform and safer access to advice.

    Policy & regulationReform agendas & prioritiesOther
  • 2026-05-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission launches survey on upgrades to business registers and online services

    The Australian Securities & Investments Commission has launched an anonymous survey to gather feedback from businesses and other users as it upgrades systems, portals and processes under a broader digital improvement program. The initiative aims to make ASIC’s business registers and online services more secure and easier to use, and to inform how ASIC communicates upcoming changes and supports users in understanding and meeting their obligations.

    Policy & regulationImplementation, projects & pilotsIT management
  • 2026-05-08AsiaEurasian Group (EAG)

    Eurasian Group reports Global Network secretariats discussed next mutual evaluation round at second Samarkand meeting

    The Eurasian Group issued a summary of the second Global Network secretariats meeting in Samarkand. Participants discussed preparations for the next round of mutual evaluations, as well as staff capacity, internal procedures and digital tools. The meeting followed the first such session in Abu Dhabi in April 2025.

    Policy & regulationCooperationAML and CFTSupervisory colleges
  • 2026-05-08AsiaEurasian Group (EAG)

    Eurasian Group on Combating Money Laundering and Financing of Terrorism reports forum outcomes, supervisors back continued information sharing talks

    The Eurasian Group on Combating Money Laundering and Financing of Terrorism published the outcomes of its 22-24 April supervisory forum in St Petersburg, where more than 200 delegates from 30 FATF Global Network member states discussed risk-based supervision, crypto compliance and digital banks. Banking supervisors focused on improving domestic and cross-border supervisory information sharing and agreed to continue the roundtable format at future Eurasian Group meetings. The forum will continue next year.

    SupervisionCooperationAML and CFTCross-border cooperation
  • 2026-05-08South KoreaMinistry of Economy & Finance (South Korea)

    South Korea Ministry of Economy and Finance convenes Korea Green Innovation Days with the World Bank as KGGTF highlights USD 35.9 billion financing impact

    South Korea’s Ministry of Economy and Finance hosted the 15th Korea Green Innovation Days with the World Bank and Sejong City for the Korea Green Growth Trust Fund, focusing on scaling green growth globally and expanding cooperation on project preparation, technical assistance and co-financing. Since 2012, the fund has influenced about USD 35.9 billion in World Bank lending and co-financing and facilitated knowledge exchange with 94 Korean institutions, resulting in 59 partnerships. In a meeting with World Bank Vice President Guangzhe Chen, the ministry reaffirmed support for green growth cooperation and called for stronger development outcomes through private capital mobilisation and collaboration on artificial intelligence and green transitions.

    Policy & regulationCooperationClimate risk and sustainable financeGreen taxonomy
  • 2026-05-08HondurasCentral Bank of Honduras

    Central Bank of Honduras reports net international reserves up USD 1.152 billion since 27 January with import cover rising to 6.6 months

    The Central Bank of Honduras reported that net international reserves increased by USD 1,152.0 million between 27 January and 6 May 2026, raising import coverage from 6.0 to 6.6 months under the 2026-2027 Monetary Program. Reserves rose from USD 10,305.8 million to USD 11,457.8 million over the period, with the release detailing cumulative and weekly changes.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board Governor Waller says Reserve Bank presidents developed framework to centralize back office operations

    Federal Reserve Board Governor Christopher Waller outlined a framework to standardize and centralize back-office functions across the Federal Reserve System while preserving local control over district-specific activities. Functions such as IT, HR, financial management, enterprise risk management, and payments could be led by a single Reserve Bank under service-level agreements, with the Board retaining oversight of performance and costs. Waller said the “System-first” model is still being operationalized and will affect critical services, including the daily movement of trillions of USD in payments for commercial banks and the U.S. Treasury.

    Institutional developmentMandate & organizational structure
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board Vice Chair Bowman outlines 65 percent risk weight proposal and new reporting to address corporate lending migration to nonbanks

    Federal Reserve Vice Chair for Supervision Michelle Bowman outlined a three-part approach to the shift of corporate lending from banks to nonbank financial institutions: recalibrating capital for traditional bank lending, preserving a role for private credit and business development companies, and enhancing supervisory reporting on bank exposures to nondepository financial institutions. She noted banks’ share of corporate lending fell from 48 percent in 2015 to 29 percent in 2025 as the U.S. private credit market grew to about USD 1.4 trillion. Bowman said the Basel III proposal would cut risk weights on investment-grade corporate exposures to 65 percent from 100 percent and that the largest banks must report detailed financial information on nondepository financial institution borrowers, citing concerns from recent private credit bankruptcies and business development company redemptions.

    SupervisionSupervision approach, priorities & toolkitLendingPrudential risks
  • 2026-05-08AustraliaDepartment of Treasury (Australia)

    Australia's Department of the Treasury consults on strengthening the superannuation performance test with new benchmark options and broader product scope

    Australia’s Department of the Treasury has released a consultation paper on strengthening the annual superannuation performance test to reduce barriers to investment while maintaining focus on member outcomes. Proposals include revised benchmarks for emerging and alternative assets, a risk‑adjusted return assessment using a simple reference portfolio with routine benchmark reviews, and extending the test to more accumulation products. Treasury notes the test currently covers more than 560 products, representing around 62 per cent of the Australian Prudential Regulation Authority‑regulated sector by value, with members in underperforming products falling from around 1 million in 2021 to about 8,500 in 2025.

    Policy & regulationReform agendas & prioritiesFinancial benchmarks
  • 2026-05-08United StatesFederal Reserve Board

    Federal Reserve Board approves Columbia Financial reorganization and Northfield Bancorp acquisition

    The Federal Reserve Board approved applications by Columbia Bank MHC and Columbia Financial, Inc. of Fair Lawn, New Jersey, allowing Columbia Financial to become the organization’s new top-tier holding company and a savings and loan holding company through the acquisition of Columbia Bank. The Board also approved Columbia Financial’s acquisition of Northfield Bancorp, Inc. of Woodbridge, New Jersey, and the indirect acquisition of Northfield Bank of Staten Island, New York.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-08GlobalInternational Monetary Fund

    International Monetary Fund approves FY2027 to FY2029 medium-term budget and sets FY2027 administrative budget at US$1.6 billion

    The IMF Executive Board approved the FY2027–FY2029 medium-term budget, maintaining a flat real net administrative envelope and setting the FY2027 net administrative budget at USD 1,601.3 million, consistent with projected income and precautionary balances. The framework keeps the envelope near its real level of two decades ago, reduces the maximum carryforward of unused resources to 3 percent in FY2027, and sets a capital budget of USD 129.4 million focused on essential facilities maintenance, cybersecurity, remediation of IT under-investment, and expanded use of artificial intelligence in core functions.

    Institutional developmentOther
  • 2026-05-08GlobalInternational Monetary Fund

    International Monetary Fund projects USD 2.5 billion FY 2026 GRA net income and keeps FY 2027–2028 lending margin at 60 basis points

    The IMF Executive Board completed its annual review of the Fund’s income position for the financial year ending April 30, 2026, projecting General Resources Account (GRA) net income of about USD 2.5 billion before a proposed USD 1.90 billion distribution to the Interim Poverty Reduction and Growth Trust Administered Account (IPAA), total comprehensive income of USD 5.2 billion, and precautionary balances of USD 35.9 billion, above the medium-term target of SDR 25 billion. The Board kept the 60 basis point margin on the IMF’s basic lending rate over the SDR interest rate for financial years 2027–2028 and approved related decisions on reimbursements, transfers among the GRA, Investment Account and subaccounts, and placing pension-related gains and residual net income in the Special Reserve.

    Data & statisticsFinancial and market indicators
  • 2026-05-08GlobalInternational Monetary Fund

    International Monetary Fund reaches staff-level agreement with Cabo Verde on ECF and RSF reviews with potential SDR 2.37 million and up to SDR 5.276 million disbursements

    The International Monetary Fund reached staff-level agreements with Cabo Verde on the eighth review of the Extended Credit Facility and the fourth review of the Resilience and Sustainability Facility, which, subject to Executive Board approval, would allow disbursements of SDR 2.37 million and up to SDR 5.276 million. IMF staff assessed performance under the Extended Credit Facility as strong and noted progress under the Resilience and Sustainability Facility, while highlighting delays in audited state-owned enterprise statements and slower climate-related reforms. The Fund described the near-term outlook as stable but with downside risks, and recommended temporary energy price support, a cautious 2027 budget aligned with debt reduction, and continued reforms in state-owned enterprises, public financial management, central bank operations and climate resilience.

    Policy & regulationImplementation, projects & pilotsEconomic data and developments
  • 2026-05-08GlobalInternational Monetary Fund

    International Monetary Fund completes Pakistan EFF and RSF reviews unlocking about USD 1.32 billion

    The IMF Executive Board completed the third review of Pakistan’s Extended Fund Facility and the second review of its Resilience and Sustainability Facility, enabling immediate disbursements of about USD 1.1 billion and USD 220 million and bringing total disbursements to about USD 4.8 billion. The IMF cited continued macroeconomic stabilisation and climate resilience reforms, highlighting strong fiscal performance, rising reserves, and the need for ongoing fiscal consolidation, tight monetary policy, exchange rate flexibility, and structural reforms.

    Policy & regulationImplementation, projects & pilotsEconomic data and developments
  • 2026-05-08AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission warns licensees and market participants to urgently strengthen cyber resilience as frontier AI raises cyber risk

    The Australian Securities & Investments Commission has issued an open letter urging all licensees and market participants to strengthen cyber resilience as frontier AI increases the speed, scale and sophistication of cyber threats. ASIC reiterates that cyber resilience is a core licensing obligation requiring board and executive leadership, references its recent court outcome against FIIG Securities Limited, and sets expectations for effective, proportionate cyber risk controls and governance. The letter must be tabled at boards and risk governance committees and directs firms to Australian Government guidance as ASIC coordinates with other regulators to promote consistent expectations.

    Policy & regulationGuidance & interpretationCyber resilienceArtificial intelligence
  • 2026-05-08ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission holds market meetings on Big Bang package replacing prior approvals with automatic authorization

    The Argentina Securities Commission reported that its board held two meetings with over 100 market participants, industry associations and major law firms to discuss the public consultation on its “Big Bang” regulatory package. The core proposal would shift the capital markets framework from prior approvals to automatic authorization, with limited exceptions, and includes measures to facilitate issuance of corporate bonds, shares, financial trusts and mutual funds, promote tokenization, broaden medium- and low-impact regimes, and expand the regulatory sandbox.

    Policy & regulationRules & requirementsMarket development
  • 2026-05-08South KoreaBank of Korea

    Bank of Korea reports preliminary March 2026 current account surplus of USD 37.33 billion driven by goods trade

    The Bank of Korea published preliminary balance of payments data showing a current account surplus of USD 37.33 billion in March 2026, bringing the January–March surplus to USD 73.78 billion, driven by a USD 35.07 billion goods account surplus amid a 56.9% year-on-year rise in exports. The services account remained in deficit, while the primary income account was in surplus and the financial account recorded a net asset increase of USD 36.99 billion, led by higher net portfolio and direct investment.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-07MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro holds Brussels talks on EU financial integration with focus on SEPA accession and ESCB preparations

    The Central Bank of Montenegro reported on Governor Irena Radovic’s meetings in Brussels with senior EU counterparts on financial sector reforms and steps toward integration into the EU economic and financial framework. Discussions focused on alignment with the EU acquis, modernisation of payment infrastructure, preparations for future integration into the European System of Central Banks, and initiatives such as SEPA accession and the TIPS Clone project, alongside broader support for Montenegro’s EU accession path and financial stability.

    Policy & regulationCooperationCross-border cooperation
  • 2026-05-07JapanBank of Japan

    Bank of Japan publishes balance sheet showing JPY 663.3 trillion in total assets and JPY 531.9 trillion in Japanese government securities

    The Bank of Japan published its latest statement of assets, liabilities and net assets, reporting total assets of JPY 663.3 trillion, dominated by Japanese government bonds of JPY 531.9 trillion. Key liabilities comprised current deposits of JPY 469.4 trillion and banknotes of JPY 116.8 trillion, while outstanding amounts under the Loan Support Program totaled JPY 49.1 trillion and funds-supplying operations against pooled collateral stood at JPY 28.9 trillion.

    Data & statisticsMonetary data
  • 2026-05-07United StatesU.S. Department of Justice

    U.S. Department of Justice secures guilty plea from former First National Bank of Lindsay chief executive in bank fraud case

    The U.S. Department of Justice announced that the former president and Chief Executive Officer of the now-defunct First National Bank of Lindsay, Danny Seibel, pleaded guilty to one count of bank fraud related to manipulated loan records and reports. Court documents state that Seibel used new loans or bank funds to cover overdrafts and falsified reports to overstate loan performance before the Office of the Comptroller of the Currency appointed a receiver. He faces up to 30 years in prison and a fine of up to USD 1 million, with sentencing pending.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-07CanadaDepartment of Finance (Canada)

    Canada's Department of Finance introduces second Budget 2025 implementation bill with automatic tax filing global minimum tax and crypto reporting measures

    The Department of Finance Canada has introduced the second Budget 2025 implementation bill, covering measures across tax administration, international tax, crypto-asset reporting, housing finance, labour mobility, transport complaints and defence procurement. Key provisions include automated federal tax filing for low-income individuals, amendments to the Global Minimum Tax Act, implementation of the Crypto-Asset Reporting Framework for platform user data, changes to housing and mortgage insurance legislation, a ban on most non-compete clauses in federally regulated industries, and the creation of a stand-alone Defence Investment Agency.

    Policy & regulationRules & requirementsOther
  • 2026-05-07CubaCentral Bank of Cuba

    Central Bank of Cuba marks Mother's Day with financial education outreach for expectant mothers in Havana

    The Central Bank of Cuba reported on a Mother's Day community outreach event at the Doña Leonor Pérez Cabrera maternal home in Old Havana, where staff provided financial education to healthcare workers and pregnant women. The session covered household budgeting, debt avoidance, saving, and use of the Transfermóvil and Enzona payment platforms, including practical guidance on configuring accounts and new mobile features, and formed part of the bank’s National Financial Education Strategy.

    Financial literacy & educationOther
  • 2026-05-07CubaCentral Bank of Cuba

    Central Bank of Cuba reports Banco Metropolitano management review focused on service quality digital reservations and foreign exchange allocation

    The Central Bank of Cuba reported on a meeting of Banco Metropolitano’s provincial management council, where senior leadership and Havana branch heads reviewed early 2026 results and measures to sustain service quality amid a difficult economic environment. Discussions focused on operating indicators, leadership policies, income portfolio, financial statements, discipline issues, enhanced use of Ticket-style online reservation tools, and implementation of the new foreign currency management and allocation mechanism introduced by the Central Bank in late 2025.

    SupervisionReviews, inspections & stress testsOperational excellence
  • 2026-05-07PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendence of Banking Insurance and Private Pension Fund Administrators hosts first Basel Consultative Group meeting in South America and presents climate stress testing progress

    Peru's Superintendence of Banking, Insurance and Private Pension Fund Administrators announced that Lima is hosting the Basel Consultative Group for the first time in South America, with discussions on current banking supervision challenges. The authority highlighted Peru's progress in strengthening its stress testing framework, including climate-related financial risks, and noted agenda items such as proportional Basel III implementation, more forward-looking, risk-based supervisory tools, and emerging risks from digitalisation, cyber, climate, geopolitics and non-bank financial intermediation.

    SupervisionCooperation
  • 2026-05-07GlobalSustainable Banking and Finance Network

    Sustainable Banking and Finance Network adds Peru's Banks Association of Peru as a member taking the network to 104 institutions in 74 countries

    The Sustainable Banking and Finance Network has admitted the Banks Association of Peru (ASBANC) as its newest member, expanding the network to 104 member institutions across 74 countries. SBFN highlighted ASBANC’s role in Peru’s sustainability and financial inclusion agenda, including its Green Protocol commitments, public Sustainable Finance Repository, and leadership of the National System of Accounts for Financial Inclusion.

    Other
  • 2026-05-07FranceBank of France

    Bank of France launches national suspicious account register to share IBAN fraud alerts

    The Bank of France and France's Ministry of the Economy have launched a national register of accounts reported for fraud risk, enabling payment service providers to share alerts on IBANs linked to potentially fraudulent accounts to improve detection and prevention of transfer fraud. The central bank-managed register, which excludes personal data and retains information only for a limited period, is intended to strengthen vigilance against manipulation-based fraud and complements existing anti-fraud tools. Over time, the register is expected to be integrated into a broader European Union data-sharing framework under the future regulation on payment services.

    Policy & regulationImplementation, projects & pilotsFraud and scams
  • 2026-05-07United StatesNational Association Of Insurance Commissioners

    United States National Association of Insurance Commissioners publishes forum keynote on AI oversight data modernization and catastrophe resilience

    The National Association of Insurance Commissioners published President Scott A. White’s prepared keynote for its 2026 International Insurance Forum, outlining priorities for leadership, modernization, and resilience in the state-based insurance system. The remarks emphasize clearer expectations for artificial intelligence governance and cybersecurity oversight, stronger capital and investment frameworks, expanded data and analytics for proactive supervision, enhanced catastrophe risk management, climate disclosures, and stress testing, and intensified international engagement and cooperation.

    Policy & regulationReform agendas & prioritiesCyber resilienceClimate risk and sustainable finance
  • 2026-05-07United StatesNational Association Of Insurance Commissioners

    National Association of Insurance Commissioners meets U.S. Treasury Secretary Scott Bessent on private credit and state insurance oversight

    The National Association of Insurance Commissioners met with U.S. Treasury Secretary Scott Bessent to discuss insurers’ growing exposure to private credit and related risk management and investment oversight within the state-based insurance regulatory framework. The meeting highlighted concrete steps taken by state insurance regulators and underscored ongoing collaboration as Treasury monitors developments in the U.S. life insurance industry and private credit markets.

    SupervisionCooperationRisk managementPrudential risks
  • 2026-05-07MauritiusBank of Mauritius

    Bank of Mauritius reports Rs463.1 billion reserves and introduces dual import cover reporting including GBC services

    The Bank of Mauritius reported gross official international reserves of MUR 463.1 billion (USD 9,810.5 million) at end-April 2026 and introduced a revised import cover measure that includes Global Business Companies (GBC) services imports alongside the existing measure excluding them. The new series, aligned with balance of payments statistics and extended back to 2018, shows reserves at end-April 2026 covering 13.6 months of imports excluding GBC services imports and 10.0 months including them.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission approves restructuring merging regulation functions and moving licensing under the Board

    The Chile Financial Market Commission Board has approved structural changes to streamline its organisation, merging the General Directorates of Market Conduct Regulation and Prudential Regulation into a single General Directorate of Regulation, while keeping market conduct supervision separate. The reforms include new leadership appointments, consolidation of prudential and conduct licensing into a Licensing Area reporting directly to the Board, creation of an Insurance Prudential Regulation Directorate, and transfer of the International Area to the General Directorate of Research, in line with Chile’s twin peaks model.

    Institutional developmentMandate & organizational structureOrganizational structure
  • 2026-05-07MexicoBank of Mexico

    Banco de México cuts policy rate by 25 bp to 6.50 %, effective 8 May 2026

    Banco de México cut the overnight interbank rate by 25 bp to 6.50% effective 8 May 2026, extending the cumulative easing to 300 bp since February 2025 amid weaker Q1 GDP, wider slack and a moderating but still risky disinflation path. The corridor was left intact and the Governing Board signalled the cycle is likely over, expecting to keep the policy rate unchanged for an extended period to guard against persistent upside inflation risks.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-07EuropeEuropean Banking Federation

    European Banking Federation submits feedback on AMLA customer due diligence RTS seeking more proportionate rules

    The European Banking Federation has submitted feedback on the Anti-Money Laundering Authority draft regulatory technical standards on customer due diligence under Article 28(1) of Regulation (EU) 2024/1624, urging that the framework remain proportionate, risk based and workable. It calls for greater flexibility in customer identification and verification, clearer definitions of Senior Managing Officials and persons acting on behalf of customers, a more risk-based treatment of ownership and control structures and end-investors, recognition that perpetual know-your-customer is sufficient in low-risk cases, and phased implementation.

    Policy & regulationOtherKYC
  • 2026-05-07EuropeEuropean Banking Federation

    European Banking Federation submits feedback urging clearer risk based AMLA criteria for business relationships and linked transactions

    The European Banking Federation has submitted feedback on the Anti-Money Laundering Authority’s draft regulatory technical standard on criteria for identifying business relationships, occasional and linked transactions, and lower thresholds under Article 19(9). It warns that the draft would create legal and operational uncertainty, pull low-risk situations into scope, and lead to divergent interpretations across Member States, and calls for clearer, more proportionate, risk-based criteria that operate as risk indicators rather than automatic triggers for AML/CFT obligations.

    Policy & regulationRules & requirementsAML and CFT
  • 2026-05-07Brunei DarussalamMinistry of Finance (Brunei Darussalam)

    Brunei Darussalam Ministry of Finance and Economy sets out fiscal sustainability and regional connectivity priorities at ASEAN+3 and ADB meetings

    Brunei Darussalam’s Ministry of Finance and Economy reported on its participation in the 29th ASEAN+3 Finance Ministers and Central Bank Governors Meeting and the 59th Asian Development Bank Board of Governors Annual Meeting in Samarkand, where it outlined priorities on regional financial cooperation, fiscal sustainability, connectivity and digital innovation. At the ASEAN+3 meeting, Brunei reaffirmed pro-growth policies while prioritising fiscal sustainability amid global uncertainty, as participants reviewed regional economic outlooks and progress on initiatives including the Chiang Mai Initiative Multilateralization and the Asian Bond Markets Initiative. At the ADB meeting, Brunei called for integrating climate resilience and digital innovation into regional agendas and for partnerships on financing, resource mobilisation and capacity building to support economic corridors, new industrial clusters, domestic economic diversification and green transition.

    Policy & regulationCooperationEconomic data and developmentsMonetary policy decisions and developments