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2026-05-07•United States•U.S. Securities & Exchange Commission
A U.S. Securities and Exchange Commission commissioner, speaking in a personal capacity at the SEC’s Annual Conference on Financial Market Regulation, questioned the effectiveness of a “broken windows” approach to securities enforcement, arguing that focusing on minor or technically arguable violations can misallocate resources and chill market activity. Citing research on sweep investigations and strict-liability cases, the commissioner also highlighted new academic work on exchange-traded funds, noting ETF assets could reach USD 13.4 trillion by 2025 and calling for further empirical analysis as active ETFs expand.
EnforcementEnforcement frameworkOther
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2026-05-07•Global•Financial Stability Board
The Financial Stability Board reported that its Regional Consultative Group for the Commonwealth of Independent States met in Astana to discuss key financial stability issues affecting the region and the global system. Participants reviewed global and regional vulnerabilities, foreign exchange market strains, resolution regimes, and developments in global stablecoins and crypto-assets, and considered how regional perspectives could inform the Financial Stability Board’s 2026 work programme.
Policy & regulationCooperationFinancial stability and systemic riskStablecoins
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2026-05-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam discussed with the IMF Resident Representative Vietnam’s macroeconomic outlook, monetary policy and financial sector development, confirming that 2026 monetary policy will remain proactive, flexible and cautious, with inflation control and macroeconomic stability as core anchors. The Governor outlined plans to guide credit in line with macro stability while developing capital and corporate bond markets to diversify medium- and long-term funding and reduce reliance on bank credit, and committed to improving data quality and alignment with international standards. The State Bank also requested continued IMF policy dialogue, technical assistance and capacity building in monetary policy, statistics, financial stability and banking supervision.
Monetary policyMonetary policy assessments & outlooks
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2026-05-07•Israel•Bank of Israel
The Bank of Israel reported that Israel’s foreign exchange reserves rose to USD 235.745 billion at end-April 2026, an increase of USD 6.326 billion, equivalent to 38.4 percent of GDP. The rise was mainly due to a USD 7.467 billion revaluation effect, partly offset by USD 1.154 billion in government foreign exchange activity, with USD 231.130 billion held outside the International Monetary Fund and USD 4.615 billion in IMF-related reserve assets.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•United Arab Emirates•Ministry of Economy (UAE)
The UAE Ministry of Economy’s Economic Integration Committee reviewed measures to strengthen the national digital system for commercial company data by enhancing links between the National Economic Register and federal and local authorities and ensuring data is updated. It discussed implementing national anti-money laundering and counter-terrorist financing policies, including beneficial ownership identification and coordination for the upcoming Financial Action Task Force mutual evaluation, and reviewed joint work on business and investment resilience, SME support, market oversight, supply chains, strategic stocks, and economic legislation.
Policy & regulationImplementation, projects & pilotsOperational risk and resilience
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2026-05-07•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy held three workshops for designated non-financial businesses and professions on recent changes under Federal Decree-Law No. 10 of 2025 on combating money laundering, terrorist financing and proliferation financing. The sessions addressed enhanced beneficial ownership requirements, oversight of virtual assets, internal controls, suspicious transaction reporting, use of technology in compliance and the legal framework for breaches and penalties. The ministry also developed a system to assess and classify risks in these sectors and to standardise procedures for the national assessment file.
Policy & regulationGuidance & interpretationAML and CFTCompliance
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2026-05-07•Global•International Monetary Fund
The IMF Executive Board concluded its Article IV consultation with Antigua and Barbuda, noting continued economic expansion, easing inflation and a projected decline in public debt to 68 percent of GDP in 2025, but warning that persistent arrears and high gross financing needs still weigh on debt sustainability. Directors called for a credible arrears strategy, stronger cash and debt management, broader tax bases with fewer exemptions, restrained current spending, better-targeted social assistance and stronger fiscal institutions, while assessing the financial system as stable and liquid and urging enhanced risk-based supervision, provisioning, capital positions and AML/CFT and Citizenship-by-Investment frameworks.
Policy & regulationInternational standards & recommendationsEconomic data and developments
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund concluded its 2026 Article IV consultation with St. Kitts and Nevis, stressing that continued fiscal consolidation is critical amid falling Citizenship-by-Investment revenue, a wider fiscal deficit and rising public debt, although debt remains sustainable. It recommended moderately frontloaded consolidation focused on expenditure rationalization, revenue mobilization, fiscal rules anchored to the 60 percent of GDP debt benchmark, a Sovereign Wealth Resilience Fund and parametric Social Security reform. The banking system was assessed as broadly stable but vulnerable, with priorities including resolving legacy nonperforming loans, strengthening provisioning, reducing portfolio risks, reforming the Development Bank and enhancing non-bank oversight.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund has completed the main mission for a Governance and Corruption Diagnostic in Nepal, aimed at identifying macro-critical governance weaknesses and designing sequenced reforms to address corruption risks. An IMF team from the Fiscal Affairs, Monetary and Capital Markets, and Legal departments assessed vulnerabilities in public financial management, tax and customs administration, financial sector oversight, anti-money laundering, rule of law, and oversight institutions, engaging with authorities and non-government stakeholders. A draft report with findings and a reform plan will be shared with the Nepali authorities for input, with publication subject to their consent.
Policy & regulationImplementation, projects & pilotsCapacity building
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2026-05-07•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held a press conference on its Board decision regarding the parameters of the interest rate corridor. Governor Taleh Kazimov presented information on the inflation environment and forecasts, economic growth, the balance of payments and monetary conditions, followed by a question and answer session with media representatives.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Canada•Payments Canada
Payments Canada published a recap of the 2026 Payments Canada SUMMIT, where over 2,300 delegates discussed real-time payments, artificial intelligence, cross-border payments, open banking, digital assets and fraud, with leadership emphasizing secure, efficient innovation as a shared responsibility for Canada’s competitiveness. Announcements included Neo Financial joining as a payment service provider member, Visa launching an “agentic ready” program and selecting Wealthsimple for a stablecoin pilot, and a Visa Canada–RemitBee cross-border payments partnership.
OtherCross-border paymentsOpen banking and financeArtificial intelligence
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2026-05-07•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua (BCN) held its Monetary Reference Rate at 5.75%, citing continued domestic growth, low and stable expected inflation, and balanced macroeconomic conditions. The one-day Monetary Repo and Monetary Deposit window rates remain at 7.00% and 4.50%, respectively.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission held an informational meeting on new reporting regimes for clearing and settlement agents (ALyCs) covering securities lending and borrowing, financial indebtedness, and open futures and options positions. Under General Resolutions No. 1094, 1113, 1122 and 1130, certain ALyCs must also report monthly foreign currency holdings, liquidity and leverage indicators, and comply with prudential liquidity and leverage limits to enhance supervision and risk detection.
Policy & regulationRules & requirementsRegulatory reporting
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2026-05-07•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission has issued guidance confirming that in-scope counterparties under EMIR 3.0 must submit their first active account report by 31 July 2026, including backlog data evidencing compliance since 25 June 2025. Consob clarifies that Commission Delegated Regulation (EU) 2026/305 only determines when its templates become mandatory and does not alter the July 2026 reporting expectation, and instructs intermediaries to use ESMA’s electronic templates and, where needed, attach methodological notes to address interpretive uncertainties.
Policy & regulationGuidance & interpretationCCPs
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2026-05-07•Europe•European Commission
The European Commission detailed EU support for a JOD 10 million (USD 14.1 million) EBRD loan to Aqaba Digital Hub in Jordan to expand the country’s largest Tier 3 carrier-neutral data centre, with Capital Bank of Jordan as a parallel lender. EU backing includes a first-loss guarantee under the European Fund for Sustainable Development Plus Digital Transformation Platform, a complementary grant from the EBRD’s Finance and Technology Transfer Centre for Climate Change, and technical assistance for the Aqaba Digital Academy to deliver ICT and cybersecurity training focused on women and young people.
Policy & regulationImplementation, projects & pilotsSME financing
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2026-05-07•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated Iraq’s Deputy Minister of Oil Ali Maarij Al-Bahadly, three senior militia-linked figures, and four Iraqi companies for allegedly exploiting Iraq’s oil sector to finance Iran-linked militia activity. The network is accused of diverting Iraqi oil, mixing Iranian and Iraqi supplies, falsifying origin documents, and using commercial fronts for oil smuggling and weapons procurement. The designations under Executive Orders 13902 and 13224 block property under U.S. jurisdiction and may expose foreign financial institutions that knowingly facilitate significant transactions for them to secondary sanctions.
EnforcementSanctions & designationsNew sanctions designations
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2026-05-07•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury said Secretary Scott Bessent met state insurance commissioners and the National Association of Insurance Commissioners to discuss the U.S. life insurance sector, including private credit markets, offshore movement of life and annuity reserves, and regulatory responses. Treasury and the commissioners agreed to continue engagement on the NAIC’s work on risk-based capital, private letter ratings, offshore reinsurance jurisdictions and oversight of evolving business models, with Bessent emphasizing regulation that supports innovation while managing risk.
Policy & regulationCooperationPrudential risksMarket development
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2026-05-07•Europe•European Central Bank
The European Central Bank’s Isabel Schnabel warned that central bank independence is increasingly threatened by fiscal dominance from rising public debt and financial dominance from renewed deregulation and risk migration. She argued that preserving the ability to prioritise price stability requires credible fiscal frameworks, robust prudential rules and strict adherence to central bank mandates, with tools such as the 2022 Transmission Protection Instrument used to contain fragmentation without easing policy.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-05-07•Europe•European Banking Authority
The European Banking Authority has issued a final report amending its Guidelines on the definition of default, mainly targeting non-recourse factoring and alignment with the Capital Requirements Regulation as amended by CRR 3. Key changes include extending the specific technical past-due treatment for non-recourse factoring from 30 to 90 days, updating terminology to reflect CRR 3, and retaining the 1% net present value loss threshold for default recognition in debt restructuring, with no changes to the one-year probation period or moratoria rules.
Policy & regulationGuidance & interpretationCredit risk
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2026-05-07•Europe•European Banking Authority
The European Banking Authority has launched a public consultation on draft amendments to technical standards for assigning risk weights to specialised lending exposures under the Supervisory Slotting Criteria Approach, updating the framework for the revised Capital Requirements Regulation. The proposals introduce environmental, social and governance risk drivers, clarify the treatment of unfunded credit protection, strengthen documentation and validation requirements, and revise annex criteria, including new sub-factors on refinancing, corruption, governance, tranched exposures, transportation and commodity price risks.
Policy & regulationRules & requirementsCredit risk
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2026-05-07•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has announced that Kanda Products and Services Ltd, an authorised credit broker with around 700 introducer appointed representatives, entered liquidation on 6 May 2026, with Joint Liquidators appointed from FRP Advisory Trading Limited. Kanda had previously agreed a voluntary requirement in February 2026 restricting new appointed representative appointments due to systems and controls weaknesses. The Joint Liquidators will manage the firm’s affairs, and the FCA will continue to engage with them to seek the best outcome for consumers.
SupervisionAuthorisations & approvalsRecovery and resolution
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2026-05-07•Poland•Ministry of Finance (Poland)
Poland’s Ministry of Finance reported on Eurogroup and ECOFIN meetings focused on the Savings and Investments Union, the economic and financial impact of Russia’s aggression against Ukraine, and the Middle East conflict’s consequences for the EU economy and energy security. Poland advocated stronger EU energy resilience through supply chain diversification and strategic reserves, supported proportionate reforms to enhance the European Securities and Markets Authority’s effectiveness and supervisory remit, and noted agreement to grant the European Public Prosecutor’s Office and the European Anti-Fraud Office access to EU-level VAT data to combat tax fraud.
Policy & regulationReform agendas & prioritiesOther
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2026-05-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York published a Community Development report finding that 55 million U.S. households that struggle to afford basic necessities also face limited access to affordable credit, accounting for 42% of U.S. households. Using regional data, the report links better access to affordable credit in low-income counties to higher median incomes, employment, homeownership, and educational attainment, and highlights elevated credit stress indicators in low-income areas, particularly rural communities.
ResearchCredit riskFinancial inclusion
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2026-05-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York’s April 2026 Survey of Consumer Expectations shows one-year-ahead inflation expectations rising to 3.6%, with three- and five-year expectations steady at 3.1% and 3.0%. Respondents reported sharply lower expected gas price growth, softer home price expectations, slightly higher expected earnings growth, increased perceived unemployment risk, and worsening views on credit access. Expected spending growth rose while expected income growth eased, and the perceived probability of missing a minimum debt payment over the next three months fell to its lowest level in over two years.
Data & statisticsEconomic data and developments
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2026-05-07•Indonesia•OJK
The Indonesia Financial Services Authority reported that the Financial System Stability Committee judged Indonesia’s fiscal, monetary and financial conditions to be stable in the first quarter of 2026 despite global volatility, with GDP growth of 5.61% year on year and April inflation at 2.42% within target. Bank Indonesia kept its policy rate at 4.75% and tightened some foreign exchange thresholds. OJK highlighted solid banking indicators and announced capital market transparency measures, including enhanced shareholding disclosures, a 15% minimum free float and ultimate beneficial owner reporting for holdings of 10% or more. Authorities also adjusted credit reporting thresholds, extended special treatment for disaster-affected debtors, issued a 2026–2031 bullion ecosystem roadmap with rules for gold-backed exchange-traded funds, and continue to finalise implementing rules under the P2SK Law.
SupervisionRisk monitoring & watch pointsEconomic data and developmentsFinancial stability and systemic risk
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2026-05-07•Monaco•Ministry of Finance & Economy (Monaco)
Monaco’s Ministry of Finance and Economy outlined the next phase of its strategy against money laundering, terrorist financing, proliferation financing and corruption after the first meeting of the Coordination and Monitoring Committee. Priorities include reviewing the legislative and regulatory framework, preparing a third national risk assessment, improving statistical data collection and continuing work on the fourth Financial Action Task Force progress report ahead of a future MONEYVAL evaluation. The Minister of State also confirmed continuity of the reform programme with the appointment of new Finance and Economy Minister Frédéric Cottalorda.
Policy & regulationReform agendas & prioritiesAML and CFT
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2026-05-07•Latvia•Ministry of Finance (Latvia)
Latvia’s Ministry of Finance reported a 9.2% year-on-year rise in industrial output in the first quarter, driven by a 40.6% jump in electricity and gas supply and 1% growth in manufacturing. Strong gains in fabricated metal products and food production contrasted with declines in wood processing, beverages, and machinery repair. Record hydro and solar generation made March the first month in a year in which Latvia was a net electricity exporter. The ministry noted only a slight softening in industrial confidence and said that, if geopolitical risks do not intensify, manufacturing could grow by 2% to 3% in 2026.
Data & statisticsEconomic data and developments
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2026-05-07•Central African Republic•Banking Commission of the Central African Republic
The Banking Commission of the Central African Republic published a press release on the 6 May 2026 meeting of the governors of the Central Bank of West African States and the Bank of Central African States.
Policy & regulationCooperationCross-border cooperation
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2026-05-07•Global•World Bank
The World Bank has signed a partnership framework with the United Arab Emirates Ministry of Investment to support an investment reform agenda aimed at enhancing the predictability, transparency and international competitiveness of the UAE’s investment environment. The framework will leverage World Bank expertise to strengthen institutional foundations, support the UAE’s National Investment Strategy and build on a 2019 agreement with the Ministry of Finance, with the UAE targeting a doubling of annual foreign direct investment to USD 65 billion by 2031.
Policy & regulationCooperationOther
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2026-05-07•Global•World Bank
The World Bank, through the International Bank for Reconstruction and Development, has priced an AUD 2 billion five-and-a-half-year Sustainable Development Bond due November 14, 2031, to finance eligible sustainable development activities in developing countries. The bond carries a 5.00% fixed coupon, was re-offered at 99.924% for a 5.016% semi-annual yield, priced at 34.75 basis points over the Australian government bond due November 2031, and attracted over AUD 6.5 billion in orders from more than 80 investors across Australia, EMEA, the Americas, and Asia.
Other
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund warns that advances in artificial intelligence are increasing the scale and speed of cyberattacks on the financial system and could turn extreme cyber incidents into macro-financial shocks. It urges supervisors to treat cybersecurity as a core financial stability issue by strengthening resilience standards, oversight of systemic transmission channels, and public-private coordination, while noting that AI can also enhance cyber defenses if supported by appropriate investment, governance, oversight and cooperation.
ResearchCyber resilienceArtificial intelligence
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2026-05-07•Global•OECD
The Organisation for Economic Co-operation and Development's Economic Survey of New Zealand forecasts gross domestic product growth of 1.4% in 2026 and 2.3% in 2027, with domestic demand still weak despite support from lower interest rates and exports. It urges continued fiscal consolidation and pension reform to address ageing-related costs. The report also calls for electricity market reforms and deeper capital markets to improve energy security, affordability and business financing.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2026-05-07•Greece•Bank of Greece
The Bank of Greece reported that the 2025 travel services surplus rose 8.0% year-on-year to EUR 20,287.8 million, driven by a 9.4% increase in travel receipts to EUR 23,626.8 million as inbound non-resident traveller flows and average expenditure per overnight stay increased. Receipts grew from both European Union (27) residents and other countries, with notable gains from the United Kingdom, the United States and Germany, while Attica recorded the highest number of visits and the Southern Aegean the largest shares of total travel receipts and overnight stays.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of its 7 May 2026 foreign exchange purchase intervention auction, in which nine participants had bids satisfied between USD 100,000 and USD 8.49 million. The weighted average exchange rate was 9.3722 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-05-07•Ghana•Bank of Ghana
The Bank of Ghana’s Second Deputy Governor Matilda Asante-Asiedu said the central bank requires all banks to maintain dedicated women banking desks and is developing an evidence-based policy framework with international partners to close gender gaps in credit access and expand targeted digital financial services for women-led enterprises. She highlighted that women own 44% of SMEs in Ghana and have 81% account ownership but less than 10% of women-led MSMEs access formal credit, and said the Bank of Ghana will continue investing in interoperable payment systems, cross-border trade connectivity, cybersecurity and consumer protection while urging lenders to use alternative data and better tailor products to women’s cash flow needs.
Policy & regulationRules & requirementsFinancial inclusionMarket development
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2026-05-07•United Kingdom•Open Banking Limited
Open Banking Limited has appointed former Financial Conduct Authority General Counsel Sean Martin as an Independent Non-Executive Director as it prepares for anticipated 2026 secondary legislation giving the FCA oversight of open banking and supporting implementation of a Long-Term Regulatory Framework and transition to a Future Entity. Martin brings extensive regulatory and government legal experience, following the addition of Rt Hon John Glen MP as an Independent Non-Executive Director in February 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-05-07•Norway•Department of Finance (Norway)
The Norwegian Department of Finance has published a letter from the finance minister to the European Commissioner for Financial Services and the Savings and Investments Union in response to the European Commission’s review of banks’ operating framework. The letter welcomes simplification of the regulatory framework but stresses that changes must maintain strong banks and preserve banking system resilience, and the department has also released its April responses to questions in the Commission’s consultation.
Policy & regulationInternational standards & recommendationsRegulatory burden
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2026-05-07•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published March 2026 statistics showing net new loans rose to EUR 495.3 million from EUR 328.7 million, with increases across all main loan categories and the largest rise in lending to non-financial corporations above EUR 1 million. Deposit rates for households and non-financial corporations remained low, with the bank noting weak pass-through on new deposit rates relative to most euro area countries. The share of variable-rate lending continued to decline, with variable-rate house purchase loans falling to 12.2% and the overall variable-rate share for new household and corporate loans dropping to 61.5%, below the euro area median.
Data & statisticsMonetary data
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2026-05-07•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has warned that an unauthorised third party is falsely claiming a business relationship and underwriting arrangements with Stelai Insurance ICC Ltd, a Commission-licensed international general insurer. The third party has used Stelai Insurance ICC Ltd’s details and the Stelai group’s logo on its website, but Stelai has confirmed there is no association or business relationship and that such representations are unauthorised. The Commission urges anyone seeking to conduct business with Stelai Insurance ICC Ltd to verify they are dealing with the genuine firm.
SupervisionAlertsLicence withdrawal
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2026-05-07•Moldova•National Bank of Moldova
The National Bank of Moldova reported official reserve assets of EUR 5,209.83 million on 30 April 2026, down EUR 56.71 million month-on-month, while net foreign assets fell EUR 55.90 million to EUR 5,182.64 million. The decline was mainly driven by depreciation of reserve currencies against the euro, external public debt service payments, and net foreign exchange sale interventions, partly offset by income from reserve management and external receipts for the Ministry of Finance. Since end-2025, official reserve assets and net foreign assets have risen by EUR 105.57 million and EUR 108.00 million respectively.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has published a presentation with slides and audio outlining practical considerations for firms on proliferation financing and targeted financial sanctions risks, including sanctions frameworks, regulatory responsibilities, risk assessments, and firms’ roles. The material elaborates on sanctions-related obligations under the AML/CFT Code 2019, covering due diligence, sources of risk, onboarding, screening, training and monitoring, and stresses that sanctions due diligence must go beyond name screening to ownership and control, fronting arrangements and scrutiny of product end-users and end-uses.
Policy & regulationGuidance & interpretation
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2026-05-07•France•France Autorite des marches financiers
The French Financial Markets Authority has approved professional rules extending the updated AFG code of conduct on third-party asset management, effective 4 July 2025, to all investment services providers that are not AFG members and conduct collective investment and/or portfolio management for third parties. For providers other than portfolio management companies, the anti-money laundering and counter-terrorist financing provisions do not apply, as these matters fall under the Prudential Supervision and Resolution Authority.
Policy & regulationRules & requirementsOther
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2026-05-07•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has extended the transitional permission for external credit assessment institutions to use credit ratings that assume implicit state support when assigning risk weights under the standardized approach for credit risk until 1 January 2027. The extension aligns the Danish regime more closely with the broader transition period permitted under Article 495e of CRR III, which allows such ratings to be used until 31 December 2029.
Policy & regulationRules & requirementsCredit ratings
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2026-05-07•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has published a report on diversity in the leadership of 25 Danish credit institutions, finding that progress at board and executive management level remains slow and that men remain overrepresented, particularly in chief executive officer and board chair roles. A supervisory review of seven institutions shows more balanced gender representation among employee-elected board members, rising average leadership age, and a predominance of banking backgrounds in executive management, while diversity efforts are anchored in boards and executive management through policies, targets, talent development, recruitment measures, and reporting.
SupervisionReviews, inspections & stress testsDiversity and inclusion
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2026-05-07•Europe•European Central Bank
The European Central Bank has published a working paper analysing temporary cross-border labour migration in a two-country dynamic stochastic general equilibrium model calibrated to older and newer EU Member States. The research finds that temporary migration can materially alter business cycle dynamics by amplifying output and employment volatility in receiving economies, moderating wage pressures, and dampening productivity shocks in sending economies while increasing macroeconomic interdependence through labour reallocation and remittances. The paper is research and does not represent the ECB’s views.
ResearchCross-border payments
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2026-05-07•Europe•European Central Bank
The European Central Bank has published a Working Paper analysing how different natural gas market shocks transmit to euro area inflation expectations and realised inflation using a weekly Bayesian vector autoregressive model for 2018–2024. It finds that pipeline supply and industrial demand shocks were the main drivers of market-based headline and core inflation expectations, while liquefied natural gas supply shocks, despite affecting gas prices and realised inflation, were less reflected in inflation-linked swap pricing. The paper concludes that precautionary demand played a larger role in the 2021–2023 energy crisis than previously thought and that euro area gas market developments need to be assessed in a global framework.
ResearchNature-related risk
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2026-05-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with Mastercard to expand non-cash and digital payments, focusing on digital transformation, national payment infrastructure, and completing the legal framework. The bank plans to upgrade payment, financial switching and clearing systems, enhance interoperability, expand bilateral QR code links, and promote e-payments in key public sectors. Mastercard will boost cooperation and investment in Vietnam, especially with banks and SMEs, and provide security and fraud prevention solutions.
Policy & regulationReform agendas & prioritiesPayments and payment systemsMarket development
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2026-05-07•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator has issued a technical note detailing the methodology for calculating quarterly indices used to update sums insured under fire, natural elements and home multi-risk insurance policies covering housing risks. It explains the composition and weightings of the Building Index, the Home Contents Index and the combined index, based on labour and construction cost indices, consumer price indices and the EUR price of gold published by national authorities.
Policy & regulationGuidance & interpretationOther
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2026-05-07•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority has published findings from a review of 15 audit firms on how they identify and handle risks of economic crime and fraud, highlighting a gap between formal policies and their application in individual engagements. While International Standard on Auditing 240 and 315 are well known, firms were found to inadequately address specific fraud risks such as management override of controls, make limited and poorly documented use of unpredictability in audit procedures, and provide weak documentation linking business understanding, fraud risk assessments and control testing.
SupervisionReviews, inspections & stress testsAuditing
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2026-05-07•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway has published a thematic review of 15 audit firms’ work on identifying and managing the risk of economic crime and fraud, finding a significant gap between firm-level policies and their execution in individual audits. Across 73 high-risk engagements, the authority identified weaknesses in addressing management override, use of unpredictability, control testing, and documentation of fraud risk assessments, alongside low levels of fraud-related reporting and consultation.
SupervisionReviews, inspections & stress testsAuditing
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2026-05-07•Mozambique•Ministry of Finance (Mozambique)
The Mozambique Ministry of Finance told Parliament it is coordinating with the national financial system to ensure foreign currency availability for external payments, prioritising fuel-related invoices and guarantees, plus food and medicine imports. The government has made available the counterpart of the state's net international reserves to meet state-owned enterprises’ external payment needs, keeping banks’ foreign exchange transactions with the public at about USD 3.5 billion in the first quarter of 2026, broadly in line with the five-year average of around USD 3.3 billion.
Policy & regulationImplementation, projects & pilotsBalance of payments and other external statistics
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2026-05-07•Mozambique•Ministry of Finance (Mozambique)
Mozambique’s Ministry of Finance reported that State Secretary for Treasury and Budget Amílcar Tivane, speaking at Banco Letsego’s 15th anniversary, highlighted the bank’s role in expanding financial inclusion, particularly in rural areas, and modernising banking services. Banco Letsego, which opened in 2011 and reached financial break-even in its first year, now operates 13 branches with over 500 sales agents and around 170 employees, and its acting chair said it will continue expanding secure, accessible services for public and private sector workers and micro and small enterprises.
OtherFinancial inclusion
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2026-05-07•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority suspended trading in VGP financial instruments (ISIN BE0003878957) on Euronext Brussels at the company’s request. The suspension took effect from 11:27 CET on 7 May 2026 and will remain in place until the publication of a press release.
SupervisionInterventionsTrading
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2026-05-07•Czech Republic•Czech National Bank
Czech National Bank kept the two-week repo rate at 3.50 %, the discount rate at 2.50 % and the Lombard rate at 4.50 % without economic commentary or guidance. Rates have been unchanged since a 25 bp cut in May 2025, with further remarks deferred to the forthcoming press conference.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Jordan•Jordan Securities Commission
The Jordan Securities Commission’s Board of Commissioners has approved the first tranche of Bandar Islamic Finance Company’s restricted mudaraba sukuk, valued at JOD 10 million and tradable on the Amman Stock Exchange. The issuance is described as the second private sector sukuk of its kind and forms part of a multi-tranche plan totaling JOD 100 million.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-07•Jordan•Jordan Securities Commission
The Jordan Securities Commission reported that its chairman, Imad Abuhaltem, attended a meeting of the Insolvency Trustees Committee chaired by the Minister of Industry, Trade and Supply. At the meeting, a group of insolvency trustees took the legal oath, the minister underscored the profession’s role in supporting financially distressed economic activities, and the committee decided several matters related to its work.
Policy & regulationCooperationOther
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2026-05-07•Albania•Bank of Albania
The Bank of Albania reported that Second Deputy Governor Natasha Ahmetaj used the Annual Economic and Financial Dialogue in Brussels to outline its assessment of conditions and risks for small open economies such as Albania, highlighting geopolitical developments and conflicts as key threats to macroeconomic stability via energy prices and inflation expectations. She noted Albania’s stable macroeconomic indicators, including contained inflation and a sound banking sector, and underscored the importance of flexible policies and international coordination to mitigate uncertainty.
Monetary policyMonetary policy assessments & outlooksGeopolitical risk
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2026-05-07•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has approved three companies to conduct non-bank financial activities in healthcare program administration, reinsurance brokerage, and investment fund subscriptions. It authorised the establishment of Fawry Healthcare - Trimed as the first Third Party Administrator under Unified Insurance Law No. 155 of 2024, licensed Misr Reinsurance Brokerage, and authorised Horizon Securities and Bonds Trading to receive subscriptions for investment fund units.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-07•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority held an expanded meeting with Egyptian actuaries and set plans to deepen cooperation, raise qualification standards and update the regulatory and professional framework for actuarial work in the non-bank financial sector. The authority highlighted collaboration with the Society of Actuaries and academic institutions, new postgraduate programs, and Decision No. 56 of 2026 governing actuarial activity, in response to rising demand under Unified Insurance Law No. 155 of 2024 and shortages of qualified actuaries.
Policy & regulationCooperationCapacity building
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2026-05-07•Global•OECD
The OECD’s 2026 Economic Survey of New Zealand projects a gradual recovery, with real GDP growth of 1.4% in 2026 and 2.3% in 2027 and inflation easing from 3.4% to 2.4%. It urges keeping inflation expectations anchored, preserving the Reserve Bank of New Zealand’s operational independence and continuing fiscal consolidation. The survey highlights high electricity costs, ageing-related fiscal pressures, shallow capital markets and weak productivity, and recommends energy market reforms, stronger digital health regulation, and capital market deepening via KiwiSaver and pension tax changes, expanded venture funding and an SME loan securitisation platform. It notes resilient banks but calls for ongoing macroprudential vigilance, banking competition reforms such as open banking, and pension and New Zealand Super Fund reforms, including linking public pension eligibility to life expectancy to address ageing costs projected to rise by about 5% of GDP by 2060.
Policy & regulationPeer reviews and country evaluations
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2026-05-07•India•Securities & Exchange Board of India
The Securities and Exchange Board of India has withdrawn the Investor Risk Reduction Access platform for stock brokers with immediate effect, citing redundancy given strengthened business continuity, cyber resilience and technical controls, and the availability of stock exchanges’ contingency pool trading facility. Introduced in December 2022 and operational since October 2023, the platform was never accessed by brokers; the new circular supersedes the December 2022 circular and allows exchanges to further strengthen the contingency pool trading framework.
Policy & regulationRules & requirementsOperational risk and resilience
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2026-05-07•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore has outlined the Securities and Futures Amendment Bill to enable concurrent listings on Singapore Exchange and eligible overseas exchanges, initially supporting the planned Global Listing Board link with Nasdaq. The Bill would introduce a new Part 13A to set criteria for dual listing partnerships, allow modification of selected offer and market misconduct provisions where overseas markets meet IOSCO standards, and align prospectus, timeline and safe harbour arrangements with U.S. requirements. It would also permit retail investor engagement using preliminary prospectuses subject to safeguards and clarify that, for depositary receipt offerings, the issuer of the underlying shares must lodge the prospectus.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-05-07•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau (Hong Kong) reported that Secretary Christopher Hui met the Central Bank of Uzbekistan, the Tashkent Stock Exchange and a senior presidential adviser in Tashkent to explore financial collaboration focused on gold, Hong Kong fundraising for Uzbek issuers and a Comprehensive Avoidance of Double Taxation Agreement. Hui highlighted Hong Kong’s plans for an internationally aligned gold trading market with a central clearing system targeted for trial in 2026, expanded gold storage capacity above 2,000 tonnes within three years, and invited Uzbek companies to list and issue equity and bonds in Hong Kong.
Policy & regulationCooperationCross-border cooperation
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2026-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has launched the Cargo x Pilot Programme with 21 banks to test using cargo and trade data via the Commercial Data Interchange to support trade finance digitalisation and improve financing access for Hong Kong SMEs. The pilots implement recommendations under the Data, Infrastructure and Connectivity pillars of the Project Cargo x Recommendation Report, with 2026–2027 projects focused on linking to key cargo and trade data platforms, combining trade and cash flow data for multi-dimensional credit assessment, adopting Digital Corporate Identity for trusted data sharing, and enhancing connectivity with major trade corridors.
Policy & regulationImplementation, projects & pilots
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2026-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that Hong Kong’s official foreign currency reserve assets rose to USD 442.1 billion at end-April 2026 from USD 430.8 billion at end-March, with no unsettled foreign exchange contracts versus USD 0.3 billion previously. The reserves represented more than five times the currency in circulation and about 38% of Hong Kong dollar M3, as part of regular Exchange Fund data disclosures under the International Monetary Fund’s Special Data Dissemination Standard.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Albania•Bank of Albania
The Bank of Albania reported Deputy Governor Natasha Ahmetaj’s participation in the annual Economic and Financial Dialogue between the European Union and regional partners, where she presented the central bank’s assessment of economic and financial conditions. Ahmetaj highlighted prolonged geopolitical conflicts as a key risk to small open economies via energy prices and inflation expectations, while noting Albania’s stable macroeconomic indicators, controlled inflation and resilient banking system, and underscored the need for flexible policymaking and international coordination.
Monetary policyMonetary policy assessments & outlooks
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2026-05-07•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported that in March 2026 total outstanding loans at 38 domestic banks rose to TWD 46.58 trillion, while the average non-performing loan ratio remained stable at 0.15% and non-performing loans increased slightly to TWD 68.89 billion. The coverage ratio of allowances for non-performing loans was 900.67%, marginally lower than the previous month, and the commission assessed asset quality as manageable while reiterating requirements for banks to strengthen asset quality and financial structure.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-07•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission’s March 2026 data show higher credit card spending and continued growth in electronic payments, with Q1 2026 non-cash payments reaching 2.213 billion transactions worth TWD 2.34 trillion. Credit card monthly retail sales rose to TWD 452.4 billion, while revolving credit and overdue installment balances declined and the average delinquency ratio edged up to 0.23%. Electronic payment usage expanded, with 201.57 million effective stored value cards, 39.97 million electronic payment account users and rising transaction values.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-07•Jordan•Jordan Securities Commission
The Jordan Securities Commission reported that Commissioner Alaa Al-Din Al-Zoubi represented the Commission at the General Assembly meeting of the Securities Depository Center. The meeting, chaired by Board Chairman Adib Haddad with senior officials present, approved the financial statements, final accounts, and the auditors’ report.
Institutional developmentGovernanceAuditing
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2026-05-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported preliminary gross international reserves of USD 104.1 billion at end-April 2026, equivalent to 6.9 months of imports and 3.8 times short-term external debt on a residual maturity basis. The reserve level, comprising foreign-denominated securities, foreign exchange, gold and other reserve assets, exceeds conventional adequacy benchmarks and is expected to support foreign exchange availability and provide a buffer against external shocks.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Serbia•National Bank of Serbia
The National Bank of Serbia left its key policy rate unchanged at 5.75%, with deposit and lending facility rates held at 4.5% and 7.0%, citing precaution amid oil-price-driven inflation risks and elevated geopolitical tensions. With March inflation at 2.8% versus the 3 ± 1.5 pp target midpoint and first-quarter GDP up 3% year on year, the Board pledged to maintain dinar stability and stands ready to tighten policy if energy costs trigger second-round price effects.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Czech Republic•Czech National Bank
The Czech National Bank has published average borrowing interest rates used to calculate reimbursement of costs for early repayment of certain housing consumer credit under Article 117a of the Consumer Credit Act, following the amended framework’s entry into force on 1 September 2024. The averages, calculated on a rolling three-month basis and published via the OBIEE tool and ARAD database, apply to authorised housing consumer credit providers and are structured into 20 groups by loan purpose, security and five fixed-rate maturity bands as defined in Decree No. 56/2024 Coll.
Data & statisticsLending
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2026-05-07•Moldova•National Bank of Moldova
National Bank of Moldova raised its base rate by 150 bp to 6.50% and widened the corridor to 4.50–8.50%, halting a prior easing cycle as surging global energy and food costs push projected inflation above the 5% ± 1.5 pp target. March CPI hit 5.81%, with the bank now forecasting 7.0% average inflation in 2026 and 5.8% in 2027, keeping reserve ratios unchanged but warning of further action if required.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-05-07•Czech Republic•Czech National Bank
The Czech National Bank published updated data on its actively managed international reserves, reporting a total market value of EUR 142,531 million and average annual returns of 8.07% over one year, 7.01% over three years and 3.96% over five years. The investment tranche accounted for 80.2% of reserves with a one-year return of 9.61%, while the liquidity tranche represented 19.8% with a one-year return of 2.23%. Reserves were allocated primarily to bonds (50.1%) and equities (26.1%), with currency exposure led by EUR (48.2%) and USD (27.9%).
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Czech Republic•Czech National Bank
The Czech National Bank has added a dedicated statistics page on international reserves, detailing the structure of reserves and related data series. The page also provides access to the ARAD time series system within its balance of payments statistics resources.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission has published ordinary data on the banking sector for March 2026. The release provides routine statistical information on sector developments.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-07•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has published its April 2026 Statistical Bulletin, a quarterly release by its Statistics Department. The bulletin compiles monthly, quarterly and annual data across a broad range of aspects of the Cyprus economy.
Data & statisticsEconomic data and developments
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2026-05-07•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority held an awareness lecture at Birzeit University on forex dealing principles and risks, explaining how the forex market operates, its supervisory framework, and the importance of using licensed providers. Officials highlighted common fraud methods, early warning signs, risks related to virtual currencies, the use of targeted social media by unlicensed entities, and available protection and complaints mechanisms for traders.
Financial literacy & educationFinancial literacy and education
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2026-05-07•North Macedonia•North Macedonia Insurance Supervision Authority
The North Macedonia Insurance Supervision Authority has launched its annual May campaign on insurance-related financial literacy to raise public awareness of insurance as a risk protection mechanism. The initiative involves cooperation with schools and universities, interactive lectures, educational materials and open days.
Financial literacy & educationFinancial literacy and education
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2026-05-07•Ireland•Central Bank of Ireland
The Central Bank of Ireland published a speech by Deputy Governor Mary-Elizabeth McMunn stating that lowering bank capital requirements or adding a competitiveness mandate would amount to deregulation and risk undermining resilience. She argued that data on credit growth, capital buffers and returns on equity do not support claims that capital is constraining lending or competitiveness, and that broader measures of the Irish lending market show greater competition than suggested by a focus on domestic retail banks. She also stressed that simplification should not weaken safeguards and highlighted the need for firms to strengthen operational and cyber resilience, including ICT risk management and response capabilities under the Digital Operational Resilience Act.
Policy & regulationGuidance & interpretationCapital adequacy
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2026-05-07•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank research argues that slowing labour supply growth from population ageing will require stronger productivity growth in the Netherlands, but low business dynamism is constraining this. It highlights low and declining firm entry and exit, many small firms with limited growth, and persistent misallocation of labour and capital, and concludes that stronger competition, innovation, deeper European single market and capital markets integration, and more targeted support measures are needed, while untargeted support and certain tax advantages for self-employed workers and small firms may distort markets.
ResearchMarket development
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2026-05-07•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has referred a report to the Attorney General regarding an alleged offence under Article 127(1) of Law No. 7 of 2010. The case concerns a whistleblower’s failure to provide detailed documents related to the annual financial statements of a company formerly listed on Boursa Kuwait for the financial year ended 31 December 2024.
EnforcementInvestigations & enforcement actionsWhistleblowing
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2026-05-07•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority has approved Methanol Chemicals Company’s request to reduce its capital from SAR 674,508,630 to SAR 150,000,000, with shares decreasing from 67,450,863 to 15,000,000. The reduction remains subject to approval by the extraordinary general assembly, publication of a shareholder disclosure document, and completion of procedures under applicable regulations, with the authority stressing that its approval is not an endorsement of the transaction’s feasibility.
SupervisionAuthorisations & approvalsLicence approval
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2026-05-07•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority has approved Dinar Investment Company’s public offer of the Dinar Periodic Income Fund, confirming compliance with the Capital Market Law and its Implementing Regulations. The authority clarified that the approval does not constitute a recommendation to subscribe and urged investors to review the fund’s terms, strategy and risk factors and to consult the fund manager as needed.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-07•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved the public offer of Asbar Murabaha Fund by Asbar Alosool Capital, confirming compliance with the Capital Market Law and its Implementing Regulations. The authority clarified that this approval is not a recommendation to subscribe and urged investors to review the fund’s terms, strategy and risk factors and to consult the fund manager where needed.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-05-07•Indonesia•OJK
Indonesia’s Financial Services Authority has issued Regulation No. 4 of 2026 establishing a dedicated framework for Islamic banking investment products, separating them from third-party fund products such as savings, time deposits and current accounts. The regime defines sharia-compliant investment products where investment risk is borne by the investor customer and sets requirements on product features, governance, risk management, accounting separation, prudential standards and consumer protection. Existing products and pending approval applications must be aligned with the new framework, which has applied since 29 April 2026.
Policy & regulationRules & requirementsOther
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2026-05-07•Denmark•National Bank of Denmark
The National Bank of Denmark published preliminary Q4 2025 climate indicators showing financed greenhouse gas emissions from Danish financial sector investments in listed non-financial companies rose slightly to 11.3 million tonnes CO2e on holdings of about DKK 2,200 billion, mainly due to greater exposure to transport and materials, though emissions remain below 2018 levels. Around 6 per cent of investments account for half of financed emissions. Current indicators cover scope 1 and 2 emissions from listed equities and bonds of insurance and pension companies, investment funds, banks and mortgage credit institutions, with bank lending and unlisted instruments to be added as data improve.
Data & statisticsClimate risk and sustainable finance
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2026-05-07•Denmark•National Bank of Denmark
The National Bank of Denmark has published an analysis showing that people of foreign origin accounted for around 14 per cent of employment in 2024, with foreign workers increasingly filling highly paid, knowledge-intensive roles while remaining overrepresented in manual work and sectors such as agriculture, hotels and restaurants, and cleaning. The analysis finds that foreign labour in Denmark is generally younger and more highly educated than in the European Union overall and reacts to Danish cyclical conditions, with estimates indicating that a 1 per cent Denmark-specific GDP shock would increase foreign labour by about 0.6 per cent over 2 to 4 years.
Research
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2026-05-07•Kosovo•Central Bank of the Republic of Kosovo
At the European Commission’s Economic and Financial Dialogue in Brussels, the Central Bank of Kosovo reported that the banking sector remains stable, well capitalised, liquid and profitable, supported by macroprudential measures such as countercyclical capital and systemic buffers. The bank highlighted progress in aligning its supervisory framework with EU standards, strengthening bank recovery, resolution and Emergency Liquidity Assistance frameworks, and stressed prudent policies and institutional coordination to safeguard financial stability amid geopolitical risks.
Policy & regulationRules & requirementsFinancial stability and systemic riskMacroprudential policy and tools
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2026-05-07•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported on a meeting between Governor Ahmet Ismaili and the heads of the Kosovo Tax Administration, Kosovo Financial Intelligence Unit and Central Market Surveillance Inspectorate on strengthening interinstitutional cooperation. The authorities agreed to continue information sharing and coordinated action within the legal framework, including on financial sector integrity, supervision, financial stability and implementation of the Law on Crypto-Assets to ensure only licensed crypto-asset activities operate.
Policy & regulationCooperationFintech and insurtechRegtech and suptech
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2026-05-07•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore clarified in a parliamentary reply that newer medical procedures are treated differently across health insurance products and that updated critical illness definitions apply only to new policies. It noted that expanding coverage for existing policies would have complex actuarial implications and may require premium adjustments, and that the Life Insurance Association of Singapore is studying options while some insurers already offer broader coverage on a product-specific basis.
Policy & regulationGuidance & interpretationOther
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2026-05-07•Russia•Central Bank of Russia
The Central Bank of Russia reports that incoming payments through the Bank of Russia Payment System in April 2026 rose by 9.1% versus the average level in the first quarter of 2026. The increase was mainly driven by higher prices for Russian exports, primarily energy, with additional growth in payments from the investment, intermediate and external demand sectors.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-05-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its warning list of suspicious investment projects, adding Cronika and Trading Time, bringing the total to 468 projects flagged for signs of legal violations or fraud. The Commission reiterated common red flags for investors, including lack of licences and transparency, aggressive advertising, unrealistic profit promises, and non-disclosure of loss risks, and called on the public to report suspected fraudulent platforms.
SupervisionAlertsFraud and scams
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2026-05-07•Russia•Central Bank of Russia
The Central Bank of Russia has added to its register the Saint Petersburg International Mercantile Exchange methodology for calculating exchange and over-the-counter wholesale price indices for petrol, diesel fuel, jet kerosene, fuel oil and liquefied petroleum gases, nationwide and by production region. The move aims to broaden market use of these indices and bolster confidence in pricing financial instruments linked to them, including their use as settlement prices for cash-settled futures.
Policy & regulationRules & requirementsFinancial and market indicators
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2026-05-07•Global•International Monetary Fund
The International Monetary Fund warns that artificial intelligence is amplifying cyber risk in finance by enabling faster, cheaper exploitation of vulnerabilities and increasing the likelihood of correlated failures across shared infrastructures, with potential macro financial shocks. While AI can also strengthen defence, benefits depend on strong governance and cyber hygiene. The IMF urges authorities to treat cybersecurity as a core financial stability issue and enhance resilience standards, supervision, response and recovery planning, cyber stress testing, board oversight, threat intelligence sharing and international coordination, particularly for emerging and developing economies.
ResearchCyber resilienceArtificial intelligence
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2026-05-07•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported that international reserves fell 7.3% in April to USD 48,214.7 million as of 1 May 2026, still covering 4.9 months of future imports. The decline reflected net foreign exchange sales of USD 3,576.7 million and foreign currency public debt servicing and repayments that exceeded inflows from foreign currency domestic government debt securities and other external funding, while revaluation effects added USD 378.0 million.
Data & statisticsBalance of payments and other external statistics
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2026-05-07•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the Ministry of Digital Technologies have launched an artificial intelligence training programme for executive staff in the regional banking system, following a presidential instruction to expand digital technologies in banking. A two-day pilot course for Tashkent region bank branch executives covered AI applications in management, risk assessment, process automation, customer service, and related risks, compliance and governance, with similar courses to be rolled out across all regions.
Institutional developmentCooperation & capacity buildingArtificial intelligence
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2026-05-07•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan reported that an Islamic Financial Services Board delegation visited Uzbekistan to support preparation of a draft roadmap for developing the national Islamic finance industry for 2026 to 2030, concluding with agreement on joint tasks. Meetings with public authorities and financial sector stakeholders addressed the legislative framework, prospects for Islamic banking, the Islamic capital market and Islamic insurance takaful, as well as training and capacity building.
Policy & regulationCooperationCapacity building
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2026-05-07•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority will conduct an in-depth analysis of links between Swedish banks and private credit, and the role of private credit in the Swedish financial system, focusing on lending outside the banking sector and bond market. While the authority has not identified material risks to date, it will assess potential interlinkages with private credit market participants in light of recent global market developments.
SupervisionRisk monitoring & watch pointsCredit riskPrudential risks
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2026-05-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has revised the implementation timeline for the International Transactions Reporting System, setting full implementation for rural and digital banks on 1 July 2027 and for universal, commercial and thrift banks on 1 October 2027. The memorandum supersedes prior communications on the ITRS schedule, and banks must continue submitting FX Form 1 and 1A reports under the existing policy until otherwise advised.
Policy & regulationImplementation, projects & pilotsRegulatory reporting