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  • 2026-05-07PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines updates list of cancelled and replaced registration documents for nonresident investments through fourth quarter 2025

    The Central Bank of the Philippines has updated the link to the list of cancelled and replaced Bangko Sentral Registration Documents (BSRDs) as of Q4 2025, addressed to Authorized Agent Banks and their subsidiary or affiliate foreign exchange corporations. The list covers original hard copy and provisional electronic BSRDs for nonresident investments cancelled and replaced due to changes or transfers in the underlying investments, and any BSRDs on this list should not be honored for foreign exchange purchases for capital repatriation or remittance of earnings under Section 38 of the Manual of Regulations on Foreign Exchange Transactions.

    Policy & regulationGuidance & interpretationOther
  • 2026-05-07Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission secures China Candy director disqualifications of up to 33 months over failures to uncover financial overstatements

    The Hong Kong Securities and Futures Commission has secured Court of First Instance disqualification orders of up to 33 months against four former directors of China Candy Holdings Limited for negligence in failing to detect and address materially overstated financial records. China Candy’s 2016 interim and annual reports overstated cash and bank balances by 87% and 97% respectively, using fabricated bank and accounting records to conceal the misstatements, and the directors did not adequately act on internal control red flags identified by external professionals. The orders form part of wider legal action against former directors and the ex-financial controller, with separate proceedings against three other former senior executives concluded and judgment pending.

    EnforcementInvestigations & enforcement actionsCorporate governance
  • 2026-05-07EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority publishes 2025 corporate reporting enforcement review with first year ESRS findings and higher IFRS action rates

    The European Securities and Markets Authority has published its 2025 review of corporate reporting enforcement across the European Economic Area, covering IFRS financial reporting, sustainability reporting and European Single Electronic Format digital reporting, and noting the first year of enforcement of the European Sustainability Reporting Standards. While issuers generally met the 2024 European Common Enforcement Priorities, national enforcers reported high intervention rates, with recurring weaknesses in entity-specific accounting disclosures, connectivity between sustainability and financial reporting, and completeness and accuracy of digital tagging.

    SupervisionReviews, inspections & stress testsAccounting and financial reporting
  • 2026-05-07MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia reports 65 percent capital market employment for investED Leadership trainees as Cohort 3 graduates 723 participants

    The Securities Commission Malaysia reported that 65% of 581 trainees from its investED Leadership 1 graduate talent programme have secured employment in Malaysia’s capital market, while the investED Foundation programme has enrolled 3,072 participants across three cohorts, exceeding its 2,400 target. Since its June 2023 launch, investED has reached over 190,000 students and fresh graduates, with the Leadership track combining one month of classroom training and six months of on-the-job placement at 50 capital market partner companies.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2026-05-07ChinaCentral Bank of the Republic of China

    People's Bank of China governor meets French presidential adviser on global conditions and bilateral financial cooperation

    The People's Bank of China Governor Pan Gongsheng met the French President’s diplomatic adviser Emmanuel Bonne to discuss economic and financial conditions in China and globally. The parties also exchanged views on China-France cooperation in the economic and financial field under multilateral and bilateral mechanisms, with Deputy Governor Xuan Changneng in attendance.

    Policy & regulationCooperationCross-border cooperation
  • 2026-05-07IrelandCentral Bank of Ireland

    Central Bank of Ireland research finds Irish loan market less concentrated when non-bank and foreign lenders are included

    The Central Bank of Ireland published loan-level research using Central Credit Register data showing the Irish loan market is less concentrated once non-bank lenders, foreign banks and credit unions are included, with one-third of firms, including 40% of SMEs, borrowing from multiple lender types. Deputy Governor Mary Elizabeth McMunn said there is little evidence to justify lowering bank capital requirements to boost lending or competitiveness, rejected a competitiveness mandate for the regulator, and highlighted the Central Bank’s multi-year domestic simplification programme.

    ResearchLendingMarket development
  • 2026-05-07PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reaffirms price stability and banking resilience and outlines 2026 ASEAN priorities at IMF World Bank meetings

    The Central Bank of the Philippines reported on Governor Eli M. Remolona Jr.’s participation in the 2026 IMF–World Bank Spring Meetings, where he reaffirmed the country’s commitment to price stability, financial resilience, inclusion and regional cooperation, and highlighted the resilience of the Philippine banking system. He emphasized pragmatic, well-calibrated policy responses amid geopolitical tensions and energy supply shocks, and outlined priorities for the Philippines’ 2026 ASEAN Chairmanship, including capital market deepening, digital payments, regional financial safety nets and financial health.

    Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic riskMonetary policy decisions and developments
  • 2026-05-07EuropeEuropean Central Bank

    European Central Bank research identifies EU capital market bottlenecks and estimates up to EUR 8 trillion of household savings could move from deposits into long term investment

    The European Central Bank’s Financial Integration and Structure in the Euro Area 2026 research proposes a compact set of capital markets union indicators and finds that structural blockages still limit capital markets’ support for innovation and long-term growth. It highlights a large mismatch between high EU household savings and financing needs, estimating that aligning the EU household deposit-to-financial-assets ratio with that of US households could redirect up to EUR 8 trillion into long-term, market-based investment. Key barriers include supervisory fragmentation, tax disparities and market infrastructure differences. Efficient implementation of the European Commission’s savings and investments union measures, including the Savings and Investment accounts recommendation, the proposed pension package, reviews of Solvency II and IORP II, and the market integration package, could foster equity market development and cross-border integration.

    ResearchMarket development
  • 2026-05-07EuropeEuropean Central Bank

    European Central Bank report finds euro area financial integration has strengthened since late 2022 but equity market integration has declined

    The European Central Bank’s latest report on euro area financial integration finds marked improvement since late 2022, driven by stronger cross-border debt holdings, more active interbank lending and a growing role for non-bank financial institutions. However, subdued external financing, declining equity market integration, historically low intra-euro area FDI and high household savings in low-yield deposits mean the system still underserves long-term growth and competitiveness. The ECB calls for deeper integration, scale and efficiency across the single market, aligning with the European Commission’s savings and investments union objectives.

    Research
  • 2026-05-07EuropeEuropean Central Bank

    European Central Bank research finds limited institutional investor participation constrains EU venture capital scale-up financing

    The European Central Bank has published research finding that Europe’s venture capital market is constrained by limited institutional investor participation, heavy reliance on government-backed investors such as the European Investment Fund, and Single Market fragmentation that hampers fundraising, cross-border investment and exits. The study highlights that EU venture capital funds are much smaller than in the United States, more outward-investing, and more dependent on government entities as limited partners. It also finds most EU-based venture capital funds fall under the Alternative Investment Fund regime and suggests the upcoming review of the framework could broaden access to the lighter European Venture Capital Funds regime and reduce cross-border frictions.

    ResearchMarket developmentFinancial stability and systemic risk
  • 2026-05-07EuropeEuropean Central Bank

    European Central Bank details dual track DLT settlement programme with a third quarter 2026 Pontes pilot and a collateral pathway for DLT based assets

    The European Central Bank detailed how the Eurosystem is supporting tokenisation in euro area securities markets through its dual track DLT settlement programme. Pontes will provide a short term link between DLT platforms and TARGET Services from a pilot in Q3 2026, while Appia will design a DLT based wholesale market architecture by 2028. Since 30 March 2026, DLT issued assets settled in TARGET2-Securities are eligible collateral if compliant, and the Eurosystem is gradually assessing eligibility of DLT assets outside existing systems.

    Policy & regulationImplementation, projects & pilotsMarket infrastructureTokenization
  • 2026-05-07EuropeEuropean Central Bank

    European Central Bank Vice-President urges swift capital markets package and banking union reforms to deepen financial integration

    European Central Bank Vice-President Luis de Guindos said euro area financial integration is now above its long-term average but still insufficient, citing low cross-border corporate lending, declining equity market integration and historically weak intra-euro-area foreign direct investment. He highlighted the market integration and supervision package—covering a single rulebook, changes to the DLT pilot regime and stronger EU-level supervision—as the main near-term lever for deeper capital markets integration. He also urged completion of the banking union with a European deposit insurance scheme, freer intra-group capital and liquidity flows, a macroprudential framework for non-banks, and removal of non-prudential barriers such as divergent insolvency, tax and corporate laws.

    Policy & regulationReform agendas & prioritiesCross-border cooperationMarket development
  • 2026-05-07NorwayNorges Bank

    Norges Bank increases policy rate by 25 bp to 4.25 %

    Norges Bank’s Monetary Policy and Financial Stability Committee raised the policy rate 25 bp to 4.25 %, stating that inflation remains above the 2 % target and upside risks persist. The policy path still foresees 4.25–4.5 % by end-2026, and further hikes later this year remain on the table if the outlook deteriorates.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-07ChileChile Financial Market Commission

    Chile Financial Market Commission approves restructuring that merges regulation directorates and places licensing under the board

    The Chile Financial Market Commission approved a structural reorganization to make the agency more agile and better balance its mandates, merging its General Directorates of Market Conduct Regulation and Prudential Regulation into a single General Directorate of Regulation and consolidating licensing into an area reporting directly to the board. The changes include new leadership, an Insurance Prudential Regulation Directorate, and transferring the International Area to the General Directorate of Research. The redesign aligns with international recommendations under Chile’s twin peaks model by separating prudential and market conduct supervision while applying uniform regulatory processes.

    Institutional developmentMandate & organizational structureOrganizational structure
  • 2026-05-07PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission launches second consultation on corporate governance training and provider accreditation rules

    The Philippine Securities and Exchange Commission is consulting for a second time on rules requiring annual corporate governance training for directors and key officers of covered companies. The draft introduces updated accreditation, reporting, record-retention and penalty frameworks for training providers, speakers and in-house programs. Comments are due by May 22, 2026.

    Policy & regulationRules & requirementsCorporate governanceComplianceActivity and performance reporting
  • 2026-05-07EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association urges changes to EU securitisation review over due diligence and duplicate sanctions

    The European Fund and Asset Management Association has criticised the European Parliament ECON Committee’s proposed review of the EU Securitisation Regulation as insufficiently supportive of European investors and Savings and Investment Union objectives, warning that investor-side rules could still suppress demand. It highlighted overly prescriptive due diligence requirements, including for third-country issuers, and the risk of duplicative sanctions for asset managers already covered by UCITS and AIFMD. EFAMA urged trilogue negotiators to better balance risk regulation and market development by easing third-country investment barriers and avoiding duplicative reporting.

    Policy & regulationReform agendas & prioritiesSecuritization
  • 2026-05-07IndonesiaMinistry of Finance (Indonesia)

    Indonesia's Ministry of Finance says KSSK assessment found fiscal monetary and financial sector conditions stable in the first quarter of 2026 despite global volatility

    Indonesia’s Ministry of Finance reported that the Financial System Stability Committee (KSSK) assessed fiscal, monetary, and financial sector conditions as stable in the first quarter of 2026, despite heightened global market volatility from the Middle East conflict. The economy grew by 5.61 percent in the quarter, with authorities cautious about second-quarter pressures and committing to forward-looking risk assessments, strengthened policy coordination, and efforts to keep 2026 growth near 6 percent.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
  • 2026-05-07SwedenRiksbank

    Sveriges Riksbank leaves policy rate unchanged at 1.75 %

    Sveriges Riksbank left its policy rate unchanged at 1.75 % effective 13 May 2026, citing sub-target CPIF inflation, weaker early-year growth and commodity-price volatility linked to the Middle East war. The Executive Board, which cut 50 bp in 2025, expects the rate to remain at this level “for some time to come” and signalled readiness to act if the inflation or growth outlook shifts.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-07MalaysiaBank Negara Malaysia

    Bank Negara Malaysia keeps the Overnight Policy Rate unchanged at 2.75 percent

    Bank Negara Malaysia’s Monetary Policy Committee left the Overnight Policy Rate unchanged at 2.75 % on 7 May, reiterating that the current stance supports sustainable growth and contained inflation even as Middle East conflict raises commodity costs; headline/core inflation averaged 1.6 %/2.1 % in Q1 and the committee pledged continued vigilance.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-07EuropeCouncil of Europe

    Council of Europe sets agenda for 15 May Foreign Ministers session including Ukraine migration and new money laundering protocol

    The Council of Europe has set the agenda for the 15 May 2026 annual session of Foreign Affairs Ministers in Chișinău, which will define ministerial-level policy objectives and is expected to adopt a new Additional Protocol to the Convention on Laundering and on the Financing of Terrorism. Discussions will focus on Russia’s war against Ukraine, post-war accountability and reconstruction, migration, the New Democratic Pact for Europe, information manipulation and foreign interference, and the Council of Europe’s future external action strategy. A treaty signing ceremony will enable accessions to recent Council of Europe conventions, and the Republic of Moldova will transfer the Presidency of the Committee of Ministers to Monaco.

    Policy & regulationInternational standards & recommendationsGeopolitical risk
  • 2026-05-07ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission sets complaint handling KPIs and tighter service timelines to reduce insurance disputes

    The Thailand Office of Insurance Commission held initial 2026 meetings with non-life and life insurers to agree joint measures to reduce complaints by improving early dispute prevention and complaint management under the fifth insurance development plan. Insurers must set complaint management KPIs, introduce internal review before escalation, and adopt faster service timeframes than 2024 standards, while the authority will apply risk-based market conduct supervision focused on sales, premium collection, claims handling and complaints, and enhance coordination via the Insurance Speedy Channel, external mediation and arbitration.

    SupervisionSupervision approach, priorities & toolkitOther
  • 2026-05-07AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission secures first Federal Court ruling on internal dispute resolution breaches after Telstra Super missed 45 day complaint deadlines

    The Australian Securities & Investments Commission reported that the Federal Court found Telstra Super, now Tetra Servicing Pty Ltd, breached mandatory internal dispute resolution requirements by failing to respond to about one third of relevant complaints within the 45-day timeframe between 22 October 2021 and 13 January 2023, with around 30% of those responses taking more than 100 days. The Court also found Telstra Super in some cases failed to adequately explain delays or inform complainants of their right to approach the Australian Financial Complaints Authority, but did not find broader failures in its obligation to provide financial services efficiently, honestly and fairly.

    EnforcementInvestigations & enforcement actionsComplaints and dispute resolution
  • 2026-05-07UgandaUganda Insurance Regulatory Authority

    Insurance Regulatory Authority of Uganda directs non life insurers to conduct and document pre insurance risk surveys with immediate effect

    The Insurance Regulatory Authority of Uganda has directed all non-life insurers to conduct proper pre-insurance risk inspections and surveys before accepting cover, to verify the existence and condition of insurable risks and support accurate valuation and underwriting. The move follows observations that some insurers have been onboarding risks without adequate pre-risk assessment or appropriate pricing, contributing to increased fraudulent and disputed claims, and requires that inspection outcomes be documented in underwriting records.

    Policy & regulationRules & requirementsRisk management
  • 2026-05-07South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports insurers' overseas businesses earned USD197 million in 2025

    The South Korea Financial Supervisory Service published preliminary 2025 results for domestic insurers’ overseas businesses, reporting net income of USD197.0 million, up from USD159.1 million in 2024, driven by newly consolidated life insurance operations despite catastrophe losses at nonlife insurers. Aggregate overseas assets rose to USD16.24 billion and liabilities to USD12.02 billion, mainly reflecting borrowings and deposits of newly consolidated companies. The authority will closely monitor the financial stability of insurers’ overseas businesses and press firms to strengthen risk management amid heightened global market, geopolitical and climate-related catastrophe risks.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-07AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority temporarily withdraws external credit assessment institution recognition guidelines pending review

    The Australian Prudential Regulation Authority has temporarily withdrawn its Guidelines on Recognition of an External Credit Assessment Institution as part of a regular review of its prudential framework. The guidelines, last updated in 2013, will be replaced with updated guidance once the review is complete.

    Policy & regulationGuidance & interpretationCredit ratings
  • 2026-05-07AustraliaAustralian Securities & Investments Commission

    Australian Securities and Investments Commission outlines enforcement-led overhaul and flags July debt management and credit repair findings

    The Australian Securities and Investments Commission outlined its shift to a more enforcement-led, data- and technology-driven approach, highlighting a sharp rise in investigations and penalties, investor remediation, scam website takedowns, and an expanded regional presence. ASIC flagged forthcoming publications on harms in debt management, credit repair, debt collection and motor vehicle finance, plus a refreshed small business strategy, and noted support for banning unlicensed superannuation communications to combat scams. Deputy Chair Sarah Court will become ASIC Chair in June.

    EnforcementEnforcement statisticsRegulatory burden
  • 2026-05-07Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago launches FINLIT LIVE 2026 expo reaching over 2300 people

    The Central Bank of Trinidad and Tobago launched its inaugural FINLIT LIVE 2026 expo under the National Financial Literacy Programme to expand its reach. The two-day event at the Centre of Excellence in Macoya attracted more than 2,300 participants, including over 50 educational institutions, and featured exhibitor booths, gamified activities and simulations to build practical financial skills. The Central Bank also invited community groups, organisations and schools to request further financial education sessions or partnerships.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-07United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency flags commercial real estate refinancing cyber and sanctions risks in Spring 2026 risk outlook

    The Office of the Comptroller of the Currency’s Spring 2026 Semiannual Risk Perspective reports that the federal banking system entered 2026 with improved earnings, strong balance sheets, high capital and liquidity, and manageable credit risk. The report highlights credit and refinancing risks in segments of commercial real estate and private credit, modest increases in past-due consumer loans, and elevated operational and compliance risks from sophisticated cyber threats, fraud, advanced artificial intelligence tools, and heightened sanctions and anti-money laundering pressures.

    SupervisionRisk monitoring & watch pointsCredit riskLiquidity riskMarket risk and volatility
  • 2026-05-07United StatesU.S. Senate Committee on Finance

    U.S. Senate Committee on Finance ranking member seeks information from banks on discounted purchases of small business tariff refund rights

    U.S. Senate Finance Committee Ranking Member Ron Wyden sent oversight letters to Jefferies Financial Group, Oppenheimer & Co., and Stifel Financial Corp. seeking details on transactions where investment banks bought small businesses’ rights to tariff refunds at steep discounts. The inquiry examines whether firms steered businesses affected by tariffs invalidated by the Supreme Court into opaque or disadvantageous deals amid delayed refunds and a new claims process, aligning with Wyden’s push for automatic refunds and criticism of the current system’s burden on small businesses.

    SupervisionReviews, inspections & stress testsOther
  • 2026-05-07United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren urges OCC to withdraw proposal exempting 26 of 31 largest national banks

    The U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren has urged the Office of the Comptroller of the Currency to withdraw a proposed rule raising the asset threshold for enhanced governance and risk management standards for large national banks from USD 50 billion to USD 700 billion. She argues this 14-fold increase would exempt 26 of the 31 largest national banks, expose the system to risks from banks between USD 50 billion and USD 700 billion, and is part of a broader deregulatory agenda.

    Policy & regulationRules & requirementsPrudential risksFinancial stability and systemic risk
  • 2026-05-07United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren seeks answers from Meta on reported stablecoin integration plans

    The U.S. Senate Banking Committee Ranking Member Elizabeth Warren has written to Meta chief executive Mark Zuckerberg expressing concern over reported plans to integrate a stablecoin into Meta’s platforms. She warns that any Meta role in controlling or preferring a stablecoin, including via third parties, could pose risks to competition, privacy, payments system integrity and financial stability, and highlights a perceived GENIUS Act loophole that could let large technology firms re-enter the stablecoin market with limited oversight.

    Policy & regulationReform agendas & prioritiesStablecoins
  • 2026-05-07NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua publishes March banking system indicators with deposits up 16.9 percent and credit up 11.6 percent

    The Central Bank of Nicaragua reported that in March 2026 the banking system maintained double-digit annual growth in public deposits and lending, with improved credit quality and liquidity, and profitability and solvency above regulatory limits. Public deposits rose 16.9 percent year on year to NIO 290,168.3 million and the loan portfolio increased 11.6 percent to NIO 243,326.2 million, with performing loans at 95.8 percent of gross loans and a past due loan ratio of 1.2 percent. Liquidity stood at 34.5 percent, reserve requirements in local currency and USD were exceeded, and key profitability and capital metrics included a return on equity of 13.4 percent, return on assets of 2.3 percent and capital adequacy of 18.2 percent.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-07NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua presents 2026-2027 production plan targeting USD 3.6 billion in food and forestry exports amid 61 percent El Niño risk

    The Central Bank of Nicaragua has published its president’s presentation to the National Assembly on the 2026-2027 National Production, Consumption and Trade Plan, which sets production and export targets under a challenging climate outlook. The plan targets USD 3.5957 billion in food and forestry exports in 2026, with livestock and livestock agroindustry expected to offset a 2.2 percent contraction in agriculture, and beef and coffee set as the largest export lines. The presentation reports 97.8 percent fulfilment of the 2025-2026 plan, with food exports reaching USD 3.4079 billion, 7.5 percent above target and 18.3 percent above 2024, while climate models for 2026-2027 indicate elevated El Niño risk and adverse rainfall and temperature conditions that will support higher output in staples and meat but weigh on coffee, milk and fisheries.

    Policy & regulationReform agendas & prioritiesOther
  • 2026-05-07GlobalWorld Bank

    World Bank prices AUD 2 billion 5.5 year Sustainable Development Bond due November 2031 on over AUD 6.5 billion orders

    The World Bank has priced an AUD 2 billion 5.5-year Sustainable Development Bond due November 14, 2031, with a 5.00% fixed coupon and a spread of 34.75 basis points over the November 2031 Australian government bond, yielding 5.016%. Proceeds will finance eligible sustainable development activities under the World Bank’s framework, with demand reflected in an orderbook exceeding AUD 6.5 billion from bank treasuries, asset managers and official institutions. The bond will settle on May 14, 2026, be listed on the Luxembourg Stock Exchange, and is jointly led by Commonwealth Bank of Australia, Deutsche Bank, RBC Capital Markets and TD Securities.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2026-05-07South KoreaBank of Korea

    Bank of Korea reports official foreign reserves rose to USD 427.9 billion at end-April

    The Bank of Korea reported that Korea’s official foreign reserves rose to USD 427.9 billion at end-April 2026, up USD 4.2 billion from end-March. The reserves comprised securities of USD 384.1 billion (89.8%), deposits of USD 18.8 billion (4.4%), Special Drawing Rights of USD 15.8 billion (3.7%), gold of USD 4.8 billion (1.1%), and an International Monetary Fund position of USD 4.5 billion (1.0%), with Korea ranking twelfth globally in foreign reserve holdings as of end-March 2026.

    Data & statisticsBalance of payments and other external statistics
  • 2026-05-06AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission approves KYROS Asset Management registration as a collective investment undertaking management company

    The Angola Capital Markets Commission has approved the registration of KYROS Asset Management SGOIC, S.A. as a management company for collective investment undertakings under its supervision. The firm is authorised to manage one or more collective investment undertakings, market participation units, and provide investment advisory services.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-06United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority launches first joint Quality Management audit inspections across the UAE with the Ministry of Economy and Tourism and Capital Market Authority

    The Dubai Financial Services Authority, UAE Ministry of Economy and Tourism, and Capital Market Authority have launched their first joint Quality Management audit inspections to coordinate oversight of auditors across the UAE. The inspections will review audit firms’ implementation of International Standards on Quality Management 1 to promote consistent assurance processes for financial services firms operating in multiple jurisdictions and are described as a first step toward closer supervisory coordination and more tailored information sharing.

    SupervisionReviews, inspections & stress testsAuditing
  • 2026-05-06CanadaBritish Columbia Financial Services Authority

    British Columbia Financial Services Authority confirms Prospera and Sunshine Coast move to federal oversight after merger into Coast Capital Savings

    The British Columbia Financial Services Authority announced that Prospera Credit Union and Sunshine Coast Credit Union have received federal Letters Patent to continue as federal credit unions under the Bank Act and amalgamate with Coast Capital Savings Federal Credit Union, effective 6 May 2026. The amalgamation ends BCFSA regulation of Prospera and Sunshine Coast, with oversight moving to the federal framework and eligible member deposits shifting from coverage by the provincial Credit Union Deposit Insurance Corporation to the Canada Deposit Insurance Corporation.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2026-05-06GlobalInternational Monetary Fund

    International Monetary Fund staff calls for moderate fiscal adjustment in Luxembourg and continued vigilance on financial system risks

    The International Monetary Fund’s staff concluding statement for its 2026 Article IV mission to Luxembourg highlights a tepid, uneven recovery, a softening labour market, a shift from a 1 percent of GDP surplus in 2024 to a 2 percent deficit in 2025, and projected growth of 1.2 percent in 2026 amid rising inflation and downside risks. While assessing the financial system as resilient, staff calls for fiscal adjustment focused on containing current expenditure, better-targeted social and energy support, tax base broadening, reform of the fiscal rule, and stronger macroprudential measures, including higher releasable capital buffers and tighter mortgage standards.

    Policy & regulationInternational standards & recommendationsEconomic data and developmentsFinancial stability and systemic risk
  • 2026-05-06GlobalInternational Monetary Fund

    International Monetary Fund staff reaches staff-level agreement on Serbia's third Policy Coordination Instrument review

    International Monetary Fund staff and Serbian authorities have reached a staff-level agreement on the third review under Serbia’s Policy Coordination Instrument, pending management and Executive Board approval. The program sets a fiscal deficit ceiling of 3.0 percent of GDP in 2026-27, withdrawal of recent fuel excise cuts, cautious monetary policy with possible tightening if energy price shocks persist, and contingency measures based on targeted support and capital spending reprioritization. Structural priorities include actuarial and tax expenditure analyses, stronger VAT compliance, more rigorous public investment appraisal, energy SOE reform, and faster business environment improvements.

    Policy & regulationReform agendas & prioritiesOther
  • 2026-05-06United StatesU.S. Department of Justice

    U.S. Department of Justice secures two 18 month prison sentences in North Korea laptop farm cases that generated over USD 1.2 million

    The U.S. Department of Justice sentenced U.S. nationals Matthew Isaac Knoot and Erick Ntekereze Prince to 18 months in prison each for facilitating Democratic People’s Republic of Korea (DPRK) remote IT workers in schemes that generated more than USD 1.2 million for the DPRK and affected nearly 70 U.S. companies. The cases, which involved false or stolen identities, laptop farms, and false reporting to the IRS and Social Security Administration, also resulted in significant remediation costs for victim firms. The actions are part of the Department’s National Security Division and FBI DPRK RevGen Domestic Enabler Initiative targeting DPRK revenue-generation schemes and U.S.-based facilitators.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-05-06CanadaDepartment of Finance (Canada)

    Department of Finance Canada highlights Spring Economic Update measures including CAD 352.7 million for a new Financial Crimes Agency and a proposed ban on crypto ATMs

    The Department of Finance Canada’s Spring Economic Update includes measures to combat money laundering, fraud and extortion, such as legislation to create a new Financial Crimes Agency with multi-year funding, more resources for the Financial Transactions and Reports Analysis Centre of Canada, and continued work on a National Anti-Fraud Strategy. The government also plans legislation to ban crypto ATMs, citing studies that 85 to 98 per cent of related transactions are illicit and caused CAD 142 million to CAD 284 million in losses in 2024.

    Policy & regulationRules & requirementsAML and CFT
  • 2026-05-06PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru authorizes Nacional de Seguros as Peru’s 18th insurer

    The Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru has authorized Nacional de Seguros S.A. to operate as the 18th insurance company in the Peruvian market, focusing on general insurance with an emphasis on surety and bond insurance. The authorization followed technical, legal and prudential assessments of its business model, governance, capital and risk management, and the firm must still show its capital stock is listed on a stock exchange before commencing operations.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-05-06ItalyBank of Italy

    Bank of Italy outlines digital euro platform role and says one data centre will be located in Italy

    The Bank of Italy outlined its role in designing and operating the digital euro platform at a European Parliament conference, confirming that one of the platform’s data centres will be located and managed in Italy. Officials highlighted the Bank’s experience with TARGET Instant Payment Settlement as a basis for its contribution and noted growing convergence among political groups on the proposed digital euro regulation, which is being examined by the Committee on Economic and Monetary Affairs with a timeline targeting possible issuance in 2029.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2026-05-06Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency awards pensions literacy seal to Claro Dominicana after 90 percent of staff completed training

    The Dominican Republic's Pensions Superintendency awarded its "Here We Know About Pensions" seal to Claro Dominicana, the first telecommunications company in the country to receive this certification, after over 4,000 employees completed a virtual course on the Dominican Pension System. The seal, which recognises staff training on pension rights, obligations and the role of pension fund administrators, is valid for two years, after which Claro must undergo recertification with an updated course.

    SupervisionAuthorisations & approvalsCapacity building
  • 2026-05-06UkraineNational Bank of Ukraine

    National Bank of Ukraine sets out formal position on Sense Bank with supervisory board compliance and CEO qualification reviews under way

    The National Bank of Ukraine reiterated that Sense Bank JSC’s nationalization was driven by sanctions-related risks to financial stability and depositors, and is reviewing the supervisory board’s compliance and the chief executive’s qualifications. It detailed extensive post-nationalization supervision, including inspections, referrals to law enforcement, and discovery of a concealed parallel management structure linked to former sanctioned shareholders. The NBU rejected claims of inaction or influence over tariff policy and confirmed profits are being retained or used to cover losses, with dividends to the state expected only from 2028 under the recapitalization program.

    SupervisionReviews, inspections & stress testsCapital adequacyFinancial stability and systemic risk
  • 2026-05-06ChileChile Financial Market Commission

    Chile Financial Market Commission warns that Soluciones FX Flow Markets and Gate.io related entities are not authorized to provide supervised investment services

    The Chile Financial Market Commission has warned that Soluciones FX, Flow Markets and a group of Gate.io-related entities are not registered or authorized to provide services subject to its supervision. The authority urged investors to verify on its website whether firms are supervised and registered in Chile, to search for complaints or negative information, and to exercise caution regarding unsolicited approaches, pressure to act quickly and unusually high promised returns.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-05-06ChileCentral Bank of Chile

    Central Bank of Chile opens registration for second National Financial Education Olympiad for secondary school students

    The Central Bank of Chile has launched the second edition of its National Financial Education Olympiad for final-year secondary school students, run through its Central in Your Life programme with INACAP. The competition, aligned with the school curriculum, assesses knowledge of economics, civic education, personal finance, the financial system, current economic developments and the role of the central bank, and offers prizes of up to CLP 1,000,000 per student and equivalent incentives for teacher tutors.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-06SerbiaNational Bank of Serbia

    National Bank of Serbia reports 11.3 million IPS transactions in April with 1 second average execution time

    The National Bank of Serbia reported that its IPS NBS instant payment system processed 11,336,918 transactions in April 2026, averaging 377,897 payments per day with an average execution time of 1.0 second. Total turnover reached RSD 146.9 billion, with an average daily turnover of RSD 4,897.0 million.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-05-06SerbiaNational Bank of Serbia

    National Bank of Serbia reports 18.8 million April payments in RTGS and clearing systems with 99.2% availability

    The National Bank of Serbia published April 2026 operating data for its domestic and foreign exchange payment systems, reporting 18.8 million payments processed over 20 working days, with Serbian dinar real-time gross settlement (RTGS) accounting for 95.1% of volume and RSD 16,639.0 billion of value. System availability was 99.2% for RTGS and clearing and 99.1% for interbank and international foreign exchange clearing, which processed EUR 324.7 million of transactions.

    Data & statistics
  • 2026-05-06AlgeriaAlgeria Market Authority (COSOB)

    Algeria Market Authority presents listed company disclosure rules to financial reporting officers and market promoters

    The Algeria Market Authority held a technical information session on Regulation No. 25-04, which governs disclosure by listed companies. The rule sets how required information must be published and disseminated and is intended to reinforce compliance and market transparency.

    Policy & regulationGuidance & interpretationAccounting and financial reportingDisclosures
  • 2026-05-06Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Superintendency of Banks of the Dominican Republic seeks ProUsuario user feedback and outlines new features as the app exceeds 500000 subscriptions

    The Superintendency of Banks of the Dominican Republic met with users of its ProUsuario mobile app to gather feedback as subscriptions surpassed 500,000. The authority is developing new functions, including blocking promotional calls to landlines and features for companies, complementing existing tools for complaints, credit checks, account verification, indebtedness comparison, deposit verification, channel location, marketing opt-outs and financial education.

    SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
  • 2026-05-06United StatesNational Association Of Insurance Commissioners

    National Association of Insurance Commissioners names Jeffrey C. Johnston permanent chief executive officer effective June 1 2026

    The National Association of Insurance Commissioners has appointed Jeffrey C. Johnston as permanent chief executive officer, effective 1 June 2026, following his tenure as interim CEO. He will oversee NAIC operations and work with state and territorial insurance regulators on strategic priorities including financial oversight, data modernization, resilience, and responsible innovation.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-06IsraelBank of Israel

    Bank of Israel says concentration group designation for five largest banks is disproportionate and duplicative of existing deposit measures

    The Bank of Israel criticised the Israel Competition Authority’s designation of the five largest banking groups as a concentration group and related deposit directives as extreme, disproportionate and unlikely to materially improve customer welfare, noting that many measures already exist under current banking rules. It warned the move could undermine regulatory certainty, deter investment, and lacks persuasive evidence of net competitive benefits or full systemic analysis. The Bank stressed some directives require its consent, which was not granted, and said such declarations should be reserved for exceptional cases after more proportionate alternatives are examined.

    Policy & regulationGuidance & interpretationCompetition and market structure
  • 2026-05-06CanadaOntario Securities Commission

    Ontario Securities Commission issues 2026 Risk Assessment Questionnaire with June 17 2026 deadline for registrants

    The Ontario Securities Commission has issued its 2026 Risk Assessment Questionnaire for registrants, a supervisory data collection used to support risk-based oversight, examination planning and evidence-based decision-making. Registrants active as of December 31, 2025 must complete and submit the questionnaire through the OSC Electronic Filing Portal, with access details and supporting materials provided by the OSC.

    SupervisionRegulatory reportingSupervision process and methodologies
  • 2026-05-06GeorgiaNational Bank of Georgia

    National Bank of Georgia lifts refinancing rate by 25 bp to 8.25 % on 6 May 2026

    National Bank of Georgia’s Monetary Policy Committee raised the refinancing rate 25 bp to 8.25 %—its first increase since January 2025—citing a Middle East-related supply shock that pushed April headline inflation to 5.9 % versus the 3 % target. The bank warned of further tightening if external price pressures endure but will shift to gradual normalisation once inflation is on a clear path back to target.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-06PolandCentral Bank of Poland

    National Bank of Poland keeps reference rate unchanged at 3.75%

    Poland’s Monetary Policy Council on 6 May left the reference rate at 3.75 %, with the deposit and lombard rates at 3.25 % and 4.25 %, marking a second straight hold after 200 bp of cuts completed in March; the Council cited a fuel-driven uptick in April CPI to 3.2 % y/y, slowing Q1 growth, labour-market softness and geopolitical uncertainty, and said it remains ready to intervene in FX markets and will keep policy data-dependent.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-06AzerbaijanCentral Bank of Azerbaijan

    Central Bank of the Republic of Azerbaijan holds refinancing rate at 6.50% and maintains 5.50–7.50% corridor (6 May 2026)

    Central Bank of the Republic of Azerbaijan kept the refinancing rate at 6.50% and the 5.50%–7.50% corridor on 6 May 2026, noting March headline/core inflation of 5.6%/5.5% sit within its 4 ± 2 pp band but external cost and geopolitical pressures pose upside risks. After cumulative 75 bp easing since July 2025, the bank said future moves will depend on updated inflation and macro data and it is ready to tighten before the 24 June decision if needed.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-06AlbaniaBank of Albania

    Bank of Albania keeps base rate unchanged at 2.5%

    Bank of Albania left the base rate at 2.5 %, maintaining the 1.5 %–3.5 % corridor, as January–February consumer inflation averaged 2.4 % and activity stayed robust. The Council sees low imported inflation and a stronger lek containing price pressures but warns Middle East energy risks could threaten price stability and says it stands ready to act.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-06AlbaniaBank of Albania

    Bank of Albania keeps base rate unchanged at 2.5%

    Bank of Albania left the base rate at 2.5 %, maintaining the 1.5 %–3.5 % corridor, as January–February consumer inflation averaged 2.4 % and activity stayed robust. The Council sees low imported inflation and a stronger lek containing price pressures but warns Middle East energy risks could threaten price stability and says it stands ready to act.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-05-06United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking Housing and Urban Affairs ranking member Elizabeth Warren asks Experian Equifax and TransUnion how BNPL loans are handled in credit reports

    Ranking Member Elizabeth Warren of the U.S. Senate Committee on Banking, Housing, and Urban Affairs and three other senators have sent letters to Experian, Equifax and TransUnion seeking details on how Buy-Now-Pay-Later (BNPL) products are incorporated into credit reports. The lawmakers cite inconsistent BNPL data reporting, opaque credit reporting and scoring practices, and risks that credit reporting companies may mis-handle BNPL tradelines, product returns and consumer data in ways that could adversely affect credit scores.

    Policy & regulationOtherCredit risk
  • 2026-05-06CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission obtains guilty plea over breach of permanent director and officer ban

    The British Columbia Securities Commission reported that British Columbia resident Marcel Anil Rada pleaded guilty in North Vancouver Provincial Court to breaching a commission order under the Securities Act by acting as a director and officer of issuers despite a 2017 permanent ban. The ban stemmed from a 2011 Investment Industry Regulatory Organization of Canada decision in which Rada admitted to undisclosed fee arrangements on CAD 205,000 of client investments and facilitating off-book transactions.

    EnforcementInvestigations & enforcement actions
  • 2026-05-06LibyaCentral Bank of Libya

    Central Bank of Libya opens recruitment in Tripoli for graduates and experienced professionals

    The Central Bank of Libya has launched recruitment for roles at its Tripoli headquarters under an institutional development strategy. It is hiring through two tracks, one for recent graduates with no prior experience and another for experienced professionals.

    Institutional developmentWorkforce & recruitmentHiring and recruitment
  • 2026-05-06IndiaReserve Bank of India

    Reserve Bank of India issues new authorised persons foreign exchange regulations and updates money changing and remittance rules

    The Reserve Bank of India has issued the Foreign Exchange Management (Authorised Persons) Regulations, 2026, rationalising the framework for authorising persons under the Foreign Exchange Management Act, 1999, to improve foreign exchange service delivery and ease compliance. The regulations amend the Master Directions on Money Changing Activities and Other Remittance Facilities and supersede 11 earlier A.P. (DIR Series) circulars issued between November 2000 and September 2015.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-05-06CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada updates administrative monetary penalties approach for post March 26 2026 violations with higher maximum penalties and new compliance tools

    The Financial Transactions and Reports Analysis Centre of Canada has outlined how it will apply a new administrative monetary penalties framework under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act for violations occurring on or after 26 March 2026, following amendments in the Strengthening Canada’s Immigration System and Borders Act. The changes significantly expand FINTRAC’s enforcement toolkit, including the ability to prescribe new violations, increase maximum penalties by up to 40 times, require mandatory compliance agreements, and use compliance orders, while maintaining the existing regime for earlier violations.

    Policy & regulationRules & requirementsAML and CFT
  • 2026-05-06CanadaDepartment of Finance (Canada)

    Department of Finance Canada announces Elio Luongo appointment to Canada Pension Plan Investment Board for three year term

    The Department of Finance Canada announced the appointment of Elio Luongo to the Board of Directors of the Canada Pension Plan Investment Board for a three-year term. The update relates to the governance of CPP Investments, the arm’s-length manager responsible for investing Canada Pension Plan assets in a diversified portfolio, with directors selected by the federal government in consultation with participating provincial governments.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-06United KingdomFinancial Conduct Authority

    Financial Conduct Authority confirms investigation into Mastercard PayPal and Visa over suspected anti-competitive conduct linked to PayPal digital wallet

    The Financial Conduct Authority has opened investigations into Mastercard, PayPal and Visa under Chapter I of the Competition Act 1998, and into Mastercard and Visa under Chapter II, over suspected anti-competitive conduct related to the funding and use of PayPal’s digital wallet. The authority stressed it has reached no conclusions, made no findings of infringement, and that its Competition Act powers are distinct from its Financial Services and Markets Act 2000 enforcement framework.

    EnforcementInvestigations & enforcement actionsCompetition and market structure
  • 2026-05-06South AfricaSouth African Reserve Bank

    South African Reserve Bank Governor warns geopolitical conflict, debt, imbalances and market risks are rising and says South Africa must stay on reform path

    The South African Reserve Bank published a speech by Governor Lesetja Kganyago warning that geopolitical conflict, high sovereign debt, large global imbalances and growing financial market vulnerabilities are creating a more difficult environment for monetary policy, which must keep inflation expectations anchored and return inflation to target after shocks via timely interest rate moves. He highlighted United States public debt above 120% of gross domestic product, global imbalances near 150-year highs, a USD2.5 trillion opaque private credit market and extreme artificial intelligence valuations, while noting South Africa’s relative resilience but stressing that inflation is not yet anchored at the 3% target, debt is high, growth is about 1% and further fiscal adjustment and domestic reform are required.

    Monetary policyMonetary policy assessments & outlooksGeopolitical riskFinancial stability and systemic risk
  • 2026-05-06NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank publishes podcast on past inflation shocks and central bank response options

    De Nederlandsche Bank has released a podcast in which its economists review past economic shocks, including the 1970s oil crises and the 2022 inflation peak, to explain central bank options when energy prices rise and inflation accelerates. Presented as explanatory rather than policy guidance, the discussion highlights price stability as a core task and stresses that intervention depends on the duration and severity of a crisis, with additional focus on the challenges of stagflation compared with inflation alone.

    Research
  • 2026-05-06NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank details second-stage checks for pension funds after 24 more entered the new pension system

    De Nederlandsche Bank reports that for pension funds that have moved to the new pension system, supervision has shifted from assessing pre-transition choices to verifying that the transition has been executed as intended, including a new “assessment point 2” to confirm the accuracy and completeness of transition calculations and data. As of 1 January 2026, 30 pension funds had transitioned, covering more than half of all pension participants, with efforts focused on finalising benefit payments, individual pension assets and IT checks. The central bank is also engaging with funds planning to transition this year or next, drawing on lessons from early movers.

    SupervisionReviews, inspections & stress testsOther
  • 2026-05-06MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro clarifies Municipality of Budva account freeze followed public bailiff order and denies political influence

    The Central Bank of Montenegro clarified its role in the enforced collection procedure involving the Municipality of Budva, stating the account freeze on 29 April was based solely on an enforcement decision issued by a competent public bailiff. It rejected allegations of acting without prior notice or political influence, emphasising that it does not initiate proceedings, assess debts, or notify debtors, and that its review is limited to the formal validity of enforcement orders, with legal responsibility resting with the issuing bailiff.

    EnforcementEnforcement frameworkOther
  • 2026-05-06IndonesiaOJK

    Indonesia Financial Services Authority reports March bank credit growth accelerated to 9.49 percent with SME lending returning to growth

    The Indonesia Financial Services Authority reported continued expansion of banking intermediation in March 2026, with total loans up 9.49 percent year on year to IDR 8,659.05 trillion and third-party funds up 13.55 percent to IDR 10,230.81 trillion, while key risk indicators remained contained. Loan growth was broad-based and driven mainly by construction, household and manufacturing sectors, with investment loans up 20.85 percent and corporate lending up 14.88 percent. Small and medium-sized enterprise lending returned to marginal positive growth at 0.12 percent year on year to IDR 1,498.64 trillion, with non-performing loans at 4.60 percent.

    Data & statisticsLendingAsset quality
  • 2026-05-06GeorgiaNational Bank of Georgia

    National Bank of Georgia keeps countercyclical capital buffer cyclical component unchanged and raises unhedged foreign currency loan threshold to GEL 1 million

    The National Bank of Georgia’s Financial Stability Committee left the cyclical component of the countercyclical capital buffer unchanged, while the joint Financial Stability and Monetary Policy Committee cut by 5 percentage points the upper bound of the temporarily increased reserve requirement on foreign currency liabilities, returning it to its previous level. The Financial Stability Committee also raised the threshold for unhedged foreign currency loans to GEL 1,000,000 from GEL 750,000, as the banking sector maintains healthy capital and liquidity and credit growth remains below its long-term trend.

    Policy & regulationRules & requirementsCapital adequacyLiquidity risk
  • 2026-05-06SingaporeMinistry of Finance (Singapore)

    Singapore Ministry of Finance says rising household liabilities do not directly affect the overall fiscal position

    Singapore’s Ministry of Finance stated that reports of household liabilities growing faster than household assets have no direct impact on Singapore’s overall fiscal position, which is driven by government revenues and expenditures. It added that the Monetary Authority of Singapore works with other agencies to monitor household leverage and promote prudent borrowing, and referred queries on possible intervention to an earlier parliamentary reply.

    SupervisionRisk monitoring & watch pointsFinancial and market indicatorsFinancial stability and systemic risk
  • 2026-05-06KosovoMinistry of Finance (Kosovo)

    Kosovo Ministry of Finance participates in EU annual economic and financial dialogue and reaffirms Growth Plan reforms

    Kosovo’s Finance Ministry reported that Minister Hekuran Murati joined the Annual Economic and Financial Dialogue in Brussels, held alongside the Economic and Financial Affairs Council meeting. He highlighted Kosovo’s 3.6% growth despite external shocks and reaffirmed reforms under the Growth Plan for economic development and EU integration. The ministry called the dialogue, which gathered EU presidency finance ministers and representatives of the European Commission and European Central Bank, a key platform for coordinating economic policies and aligning with EU standards.

    Policy & regulationCooperationOther
  • 2026-05-06GlobalInternational Monetary Fund

    International Monetary Fund staff reaches staff level agreement with Democratic Republic of Congo on third ECF review and second RSF review and completes 2026 Article IV consultation

    IMF staff concluded the 2026 Article IV mission to the Democratic Republic of Congo and reached a staff-level agreement on the third review of its Extended Credit Facility and second review of its Resilience and Sustainability Facility, noting resilient growth but stressing the need for faster reforms, prudent monetary policy and more transparent, efficient use of public resources, including Eurobond proceeds. Staff projected real GDP growth above 5.5 percent in 2025–26, inflation at or below 2.5 percent, reserves of USD 8.8 billion still below adequacy benchmarks, and missed fiscal targets due to conflict pressures, and called for stronger public financial management, governance and climate-related reforms. The agreement is subject to approval by IMF management and the Executive Board.

    Policy & regulationPeer reviews and country evaluationsOther
  • 2026-05-06UkraineUkraine National Commission on Securities and Stock Market

    National Securities and Stock Market Commission of Ukraine approves corporate investment fund termination rules and advances securitisation and wartime securities measures

    The National Securities and Stock Market Commission of Ukraine adopted measures including a new regulation on terminating corporate investment funds, positions on draft laws on securitisation, covered bonds and corporate governance, and draft decisions on public offerings, local loan bonds and corporate bond conversions during martial law. It updated its 2026 rulemaking plan and 2025 activity report, confirmed the transformation-based termination of the State Institution Agency for Development of Stock Market Infrastructure of Ukraine, and approved an implementation plan linked to the Government and National Bank letter of intent and memorandum. Supervisory and licensing actions covered sanctions adjustments for Freedom Finance Ukraine LLC, changes to issuer securities restrictions, investor warnings, securities registrations and cancellations, and approvals of key control function appointments.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2026-05-06FranceBank of France

    Bank of France launches 2026-2027 EDUCFI action plan and extends Passeport EDUCFI to all Year 9 students

    The Bank of France, with the economy and education ministries, announced a 2026-2027 action plan for France’s national financial education strategy, focused on broader access, stronger digital distribution of trusted content, expansion of the school-based Passeport EDUCFI and a new European AI project under EDUCFI+. Passeport EDUCFI will be generalised to all Year 9 students, extended to savings, investment, insurance, scams and cyber risk, with emphasis on vulnerable groups and entrepreneurs, and the EDUCFI label will be broadened for neutral, reliable, free content. France will lead development of EDUCFI+, an AI tool for personalised, certified guidance, the strategy will continue to use OECD assessments, and Governor François Villeroy de Galhau is appointed France’s first national ambassador for financial education.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-06GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance advances debt relief measures and reports 2,172 April out-of-court restructurings worth EUR 588 million

    Greece's Ministry of National Economy and Finance reported continued growth in the out-of-court debt workout mechanism, with 2,172 new restructurings in April covering initial debts of EUR 588 million and a cumulative 60,388 restructurings totalling EUR 18.64 billion. The ministry plans legislative changes to separate primary residences from other assets, lower the entry threshold to EUR 5,000, ease bank account seizures after partial repayment, and introduce up to 72-instalment plans for debts created by end-2023. It also reported EUR 290 million of bilateral loan restructurings with the four largest servicers across 3,252 debtors.

    Policy & regulationRules & requirementsOther
  • 2026-05-06UkraineNational Bank of Ukraine

    National Bank of Ukraine to hold 14 May online workshop on monetary transmission in emerging markets

    The National Bank of Ukraine will host an online workshop on 14 May 2026 on monetary policy transmission in emerging markets, focusing on how financial systems shape the pass-through of policy signals to inflation and the real economy under uncertainty and repeated supply shocks. The programme features a keynote by Claudio Borio on global macrofinancial stability challenges and a lecture by Selim Elekdag on integrating the financial sector into policy frameworks, with contributions from international central banks, academic institutions and CEPII.

    Financial literacy & educationMonetary policy decisions and developments
  • 2026-05-06United KingdomThe Pensions Regulator

    United Kingdom The Pensions Regulator tells defined benefit schemes to focus on endgame planning as 60 percent reach buyout surplus

    The Pensions Regulator has issued its latest Annual Funding Statement for trustees and sponsoring employers of occupational defined benefit schemes, setting expectations under the new funding regime as schemes move from deficit recovery to endgame planning. It notes that, as at 31 December 2025, 60% of schemes were in surplus on a buyout basis, 80% on a low dependency basis and 90% on a technical provisions basis, and that around 80% of schemes should be able to meet the Fast Track approach. The regulator will shortly publish a statement on surplus release issues, and the Annual Funding Statement flags proposed changes to surplus release rules in the Pensions Scheme Bill, which received Royal Assent on 29 April 2026.

    Policy & regulationGuidance & interpretation
  • 2026-05-06Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency awards Claro Dominicana pensions literacy seal as first telecom company certified

    The Dominican Republic’s Pensions Superintendency (SIPEN) has awarded its “Here We Know About Pensions” seal to Claro Dominicana, the first telecommunications company in the country to obtain this certification, after 90% of its staff completed required training on the Dominican Pension System. The seal, valid for two years, forms part of a SIPEN initiative to ensure employees understand their pension rights, duties and interactions with pension fund administrators.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2026-05-06United StatesNew York State Department of Financial Services

    New York State Department of Financial Services approves Shandaken and Olive Banking Development District with USD 10 million deposit for Ulster Savings branch

    The New York State Department of Financial Services and the State Comptroller designated the towns of Shandaken and Olive as a Banking Development District and placed a USD 10 million state deposit with Ulster Savings Bank’s Phoenicia branch. The state’s 59th such designation aims to expand access to banking services in an underserved area and makes the branch eligible for state deposits, with the bank offering targeted products and financial education. As of May 1, 2026, the Comptroller held about USD 540 million in deposits with 13 institutions operating branches in Banking Development Districts statewide.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-05-06United StatesCommodity Futures Trading Commission

    Commodity Futures Trading Commission settles Treasury futures spoofing charges against Sidney Lebental with USD 200000 penalty and one month trading ban

    The Commodity Futures Trading Commission settled spoofing charges against Sidney Lebental related to Ultra U.S. Treasury Bond futures trading on the Chicago Board of Trade. Lebental will pay a USD 200,000 civil monetary penalty, is barred from trading commodity interests for one month, and must cease and desist from further spoofing violations, after the CFTC found he engaged in approximately 50 spoofing episodes in correlated Treasury instruments between January and September 2019.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2026-05-06OmanOman Financial Services Authority

    Oman Financial Services Authority reports Dhamani handled 11.2 million transactions and 3.3 million claims since January 2025

    The Oman Financial Services Authority said Dhamani has processed more than 11.2 million digital transactions, 3.3 million claims and over RO 59 million in payments since launching in January 2025. It said the platform has improved transparency, oversight and processing efficiency across health insurance, while the wider sector reached about RO 119.7 million in premiums and around 650,000 insured individuals. Coverage still stands at roughly 13% of the population.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
  • 2026-05-06FranceFrance Autorite des marches financiers

    France's Financial Markets Authority unveils 2026 to 2028 financial education plan to increase women's participation in investing

    The France Autorité des marchés financiers has announced its 2026–2028 financial education plan, centred on a new women and investment action plan in response to persistent underrepresentation of women among investors. The authority will launch a qualitative study in 2026 to identify barriers and levers for women’s investment and use the findings to define a dedicated financial education strategy for 2027, alongside measures such as a new women and investment section on its retail investor website.

    Financial literacy & educationFinancial literacy and education
  • 2026-05-06FranceFrance Autorite des marches financiers

    French Financial Markets Authority publishes professional certification overview covering mandatory AMF certification routes and sustainable finance exam

    The French Financial Markets Authority has published an overview of its professional certification regime, confirming that general AMF certification is mandatory for staff in eight key functions at investment services providers and for financial investment advisers, and can be obtained via the AMF exam or, for investment services providers, internal knowledge verification. The update details the structure and validity of the general AMF exam and the voluntary Sustainable Finance exam, and republishes from 1 January 2025 the lists of AMF-certified organisations authorised to administer both.

    Policy & regulationGuidance & interpretation
  • 2026-05-06MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets approves submission of EU aligned insurance distribution bill to Ministry of Finance

    The National Commission for Financial Markets has approved submission of a draft insurance distribution law to the Ministry of Finance, aligned with the EU Insurance Distribution Directive and focused on customer protection, transparency, professional responsibility and conflict-of-interest prevention. The bill would harmonise rules across insurers and intermediaries, introduce uniform competence requirements, strengthen pre-contractual disclosure and suitability assessments, and impose product governance obligations on manufacturers, with additional client protection rules for insurance-based investment products.

    Policy & regulationRules & requirementsSales and distribution
  • 2026-05-06LaosBank of the Lao

    Bank of the Lao completes participation in ASEAN+3 and ADB meetings focused on regional financial cooperation and cross-border payments

    The Bank of the Lao reported its delegation’s 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, Uzbekistan. ASEAN+3 members reviewed macroeconomic conditions and endorsed priority work on regional financial safety nets, bond market development, disaster risk financing and digital cross-border payment connectivity, including a central bank dialogue. At the ADB meeting, participants focused on connectivity, data and finance for development, with plans to increase investment and reforms to strengthen regional connectivity amid heightened geopolitical risks.

    Policy & regulationCooperationOther
  • 2026-05-06United StatesNational Credit Union Administration

    United States National Credit Union Administration launches eleventh deregulation round with proposed USD 10 billion management interlocks threshold and share insurance simplification

    The United States National Credit Union Administration has issued the eleventh Deregulation Project proposals, targeting removal of obsolete, burdensome, and duplicative requirements. The proposals would raise the major assets prohibition threshold for certain management interlocks under the Depository Institution Management Interlocks Act to USD 10 billion, eliminate a presumption of non-anticompetitive interlocks, and streamline share insurance rules for federally insured state-chartered credit unions by deleting duplicative cross-references in 12 CFR 741.

    Policy & regulationRules & requirementsRegulatory burden
  • 2026-05-06EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority urges proportionate supervision after MiFID II sustainability review finds uneven firm practices

    The European Securities and Markets Authority has published findings from its Common Supervisory Action on integrating sustainability into MiFID II suitability assessments and product governance, identifying uneven practices across firms and jurisdictions. ESMA sets interim supervisory expectations on client preference collection, product categorisation and matching, portfolio approaches, and target market assessments, and asks national competent authorities to prioritise dialogue over enforcement during the transition, except in cases of clear breaches or mis-selling. ESMA will use the results to inform potential updates to the MiFID II Delegated Acts and ESMA Guidelines on suitability and product governance.

    SupervisionReviews, inspections & stress testsESG
  • 2026-05-06SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission appoints Javier Hernández López to lead Studies and Statistics Department from 1 June

    The Spanish Securities Commission has appointed Javier Hernández López as director of its Studies and Statistics Department, effective 1 June, succeeding Eudald Canadell. Hernández currently serves as deputy director for financial analysis at the General Secretariat of the Treasury and International Financing, where he has focused on financial market monitoring, policy analysis and financial stability issues in domestic and international forums.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-05-06EuropeEuropean Central Bank

    European Central Bank working paper finds Q learning can amplify fund redemption fragility while large language models weaken coordination

    The European Central Bank published a working paper analysing how different artificial intelligence architectures could affect financial stability via investor redemption behaviour in mutual fund “run” scenarios. The study finds that Q-learning investors coordinate easily but exhibit a systematic redemption bias under default risk, amplifying fragility, while large language model investors reason in expected-value terms and are less affected by default risk but display weaker coordination and lower predictability.

    ResearchArtificial intelligence
  • 2026-05-06EuropeEuropean Central Bank

    European Central Bank publishes working paper finding floods temporarily raise lending but increase default rates by about 0.7 percentage points

    The European Central Bank has published a Working Paper analysing how major floods in Europe affect bank lending and credit quality, using Copernicus flood maps matched with AnaCredit loan-level data for four events between 2021 and 2024. Lending to affected firms increases by about 3.5% to 5% in the quarter of the flood and then contracts by a similar amount, while default rates on pre-existing loans rise persistently by around 0.7 percentage points over two quarters. Demand factors drive the credit response, and relationship banks extend more credit but require more collateral.

    ResearchClimate risk and sustainable financeFinancial stability and systemic riskLending
  • 2026-05-06EuropeEuropean Central Bank

    European Central Bank blog post finds digital banks reprice deposits faster than peers while loan rates remain stickier

    The European Central Bank has published research on how digital banks affect monetary policy transmission in the euro area, using supervisory data for over 170 institutions from 2016 to 2025. During the 2022-23 tightening phase, digital banks raised household deposit rates faster and by more than traditional banks, compressing margins and slowing lending growth. Early evidence from the 2024-25 easing phase shows faster cuts to new deposit rates that support margins but weaken their deposit-gathering advantage. The post argues that stress testing and supervisory reviews should focus more on retail funding composition and stability and banks’ capacity to absorb margin pressure from rapid repricing.

    Research
  • 2026-05-06TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan reports foreign exchange purchase auction results with 7 participants and weighted average rate of 9.3724 TJS per USD

    The National Bank of the Republic of Tajikistan published results of its 6 May 2026 foreign exchange purchase auction, which attracted seven participants. Satisfied bids ranged from USD 500,000 to USD 7,000,000 at a weighted average rate of 9.3724 TJS per USD.

    Monetary policyMonetary policy instruments & operationsOther
  • 2026-05-06ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission spotlights investment scam prevention and reporting channels at Money Expo 2026

    The Thailand Securities and Exchange Commission will run a public programme at Money Expo 2026 under the theme “The Mission Against Investment Scams” to raise awareness of scam tactics and promote channels for reporting misconduct and seeking guidance. The initiative features three zones covering capital market and digital asset products, investor protection, and complaint and inquiry channels, alongside seminars on safe investing, digital-era risks and crowdfunding for small businesses.

    Financial literacy & educationFraud and scams
  • 2026-05-06GhanaBank of Ghana

    Bank of Ghana outlines digital finance agenda at 3i Africa Summit with virtual asset regime digital credit rules and open banking

    The Bank of Ghana Governor outlined the next phase of digital finance at the 3i Africa Summit, shifting from basic payments to higher-value services such as digital credit, embedded finance, supply chain finance and cross-border offerings. He highlighted work on virtual asset regulation, digital credit guidelines, open banking and cross-border fintech, stressing that key challenges now concern fragmentation, cost and regulatory alignment rather than basic access. Priorities include clearer regulatory processes, stronger digital identity and KYC frameworks, better data quality, improved institutional coordination and support for indigenous firms to scale.

    Policy & regulationReform agendas & prioritiesFintech and insurtechFinancial inclusion