Regxplora • Regulatory and Central Bank Updates • Page 149

2026-05-06GhanaBank of Ghana

Bank of Ghana urges cross border coordination to scale interoperable digital finance across Africa

The Bank of Ghana First Deputy Governor used closing remarks at the 3i Africa Summit 2026 to argue that Africa’s financial development should focus on scaling and connecting existing digital finance capabilities, rather than creating new models, to overcome fragmented payment systems and limited interoperability. While not announcing new measures, he outlined a policy direction calling for more active roles by governments and regulators, stronger digital public infrastructure, enhanced supervisory capacity, deeper cross-border partnerships, and closer attention to risks including cybersecurity, data misuse, irresponsible lending and market concentration.

Policy & regulationReform agendas & prioritiesCross-border cooperationPayments and payment systems

2026-05-06EstoniaFinantsinspektsioon

Estonian Financial Supervision and Resolution Authority withdraws Crowdestate AS crowdfunding licence while payment institution licence remains valid

The Estonian Financial Supervision and Resolution Authority has withdrawn the crowdfunding service provider licence of Crowdestate AS, effective 13 April, following the company’s own application. Crowdestate AS may no longer provide crowdfunding services, but its payment institution licence remains valid, and it must ensure proper performance of existing contracts and protection of clients’ interests.

SupervisionAuthorisations & approvalsLicence withdrawal

2026-05-06EstoniaFinantsinspektsioon

Estonian Financial Supervision and Resolution Authority withdraws Admiral Markets AS investment firm licence after company request

The Estonian Financial Supervision and Resolution Authority has withdrawn the investment firm licence of Admiral Markets AS at the company’s request, ending its provision of investment services under Estonian supervision. Admiral Markets AS has terminated all client relationships, with remaining client assets repayable via related investment firm Admirals Europe Ltd in Cyprus, which will continue to provide Admiral Markets-branded services in Europe, including Estonia, on a cross-border basis.

SupervisionAuthorisations & approvalsLicence withdrawal

2026-05-06FranceMinistry of Economics & Finance (France)

France's Ministry of the Economy and Finance adopts 2026-2027 financial education plan and generalises the EDUCFI passport to all 4e students

France’s Ministry of the Economy and Finance announced that the strategic committee for the national economic, budgetary and financial education strategy (EDUCFI) has adopted a 2026-2027 action plan to widen access to economic and financial education, including rolling out the EDUCFI Passport to all 4e students. The plan strengthens digital delivery, expands training for all citizens including vulnerable groups, enhances the EDUCFI label, pilots AI-based personalised guidance under the EDUCFI+ project, and reinforces the passport in vocational and upper secondary education. The committee also appointed Bank of France Governor François Villeroy de Galhau as national ambassador for financial education.

Financial literacy & educationFinancial literacy and education

2026-05-06EuropeEuropean Banking Federation

European Banking Federation co-hosts EU Switzerland financial services roundtable ahead of regulatory dialogue

The European Banking Federation and the Swiss Finance Council co-hosted the EU–CH Industry Roundtable on Financial Services in Brussels on 4 May, bringing together European Union and Swiss financial sector associations. Participants discussed competitiveness, regulatory simplification, sustainable finance and digital innovation ahead of the upcoming European Union–Switzerland Regulatory Dialogue.

Policy & regulationCooperationCross-border cooperationClimate risk and sustainable finance

2026-05-06CanadaCanada Deposit Insurance Corporation

Canada Deposit Insurance Corporation provides 180 day transitional coverage for Prospera and Sunshine Coast deposits after Coast Capital merger

The Canada Deposit Insurance Corporation has confirmed that, following the merger of Prospera Credit Union and Sunshine Coast Credit Union with Coast Capital Savings Federal Credit Union, eligible deposits are now protected under the federal deposit insurance framework. Pre-existing eligible deposits at Prospera and Sunshine Coast remain covered under a 180-day transitional regime (or to maturity for term deposits), after which all balances and new deposits fall under CDIC’s CAD 100,000 per deposit category limit. Deposits under the Prospera and Sunshine Coast Financial trade names are aggregated with Coast Capital deposits for CDIC coverage.

Policy & regulationGuidance & interpretationMergers and acquisitions

2026-05-06EgyptCentral Bank of Egypt

Central Bank of Egypt reports net international reserves of USD 53.0 billion at end-April 2026

The Central Bank of Egypt reported that net international reserves stood at USD 53,009.2 million at the end of April 2026.

Data & statisticsBalance of payments and other external statistics

2026-05-06DenmarkDanish Finanstilsynet

Danish Financial Supervisory Authority requires credit intermediaries to register by 20 November 2026

The Danish Financial Supervisory Authority will require firms acting as credit intermediaries to be registered from 20 November 2026, extending oversight beyond existing pre-contractual disclosure rules. Unregistered credit intermediation after that date may be subject to fines or imprisonment of up to four months, and certain credit intermediaries will also fall within scope of the new Anti-Money Laundering Regulation from 10 July 2027.

Policy & regulationRules & requirementsLicensing framework and process

2026-05-06United Arab EmiratesCentral Bank of the UAE

Central Bank of the UAE launches second Global Money Week from 11 to 15 May under Smart Money Talks theme

The Central Bank of the UAE, in partnership with the National Financial Wellbeing and Sustainability Initiative Zoud, has launched the second UAE edition of Global Money Week, a national financial awareness campaign running from 11 to 15 May 2026. Under the theme Smart Money Talks, the campaign aims to strengthen financial literacy and family financial resilience, promote saving and financial planning, and support safe, responsible use of digital financial tools by children and young people, in line with the UAE’s National Financial Inclusion Strategy.

Financial literacy & educationFinancial literacy and educationFinancial inclusion

2026-05-06GlobalFinancial Markets Standards Board

Financial Markets Standards Board admits Morgan Stanley Investment Management as Full Member

The Financial Markets Standards Board announced that Morgan Stanley Investment Management has joined as a Full Member, expanding its asset manager and owner membership. Morgan Stanley Investment Management will participate in the Standards Board, committees, working groups and the Asset Manager and Owner forum, contributing a practical buy-side perspective to the development of standards and guidance for wholesale financial markets.

Institutional developmentMandate & organizational structureHiring and recruitment

2026-05-06EuropeAuthority for Anti-Money Laundering and Countering the Financing of Terrorism

European Union's Authority for Anti-Money Laundering and Countering the Financing of Terrorism sets out cross border intelligence mandate and structured cooperation with Europol

The EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism outlined its role in tackling serious organised crime through a single set of AML/CFT rules, more consistent supervision across Member States, and EU-level financial intelligence coordinated across 27 national Financial Intelligence Units. The Chair highlighted joint cross-border case analysis as central to mapping criminal financing, noting that AMLA’s intelligence can connect cases, surface previously unidentified individuals, and support asset tracing and confiscation. AMLA is building structured cooperation with Europol, Eurojust, the European Public Prosecutor’s Office and OLAF, and urged full engagement by national police authorities.

Policy & regulationCooperationAML and CFTCross-border cooperation

2026-05-06EuropeAuthority for Anti-Money Laundering and Countering the Financing of Terrorism

European Union Authority for Anti-Money Laundering and Countering the Financing of Terrorism chair outlines shift to an integrated European AML CFT system

The Authority for Anti-Money Laundering and Countering the Financing of Terrorism Chair Bruna Szego used a keynote at the ACAMS Germany 10th Anniversary event to outline the Authority’s role in shaping the future of anti-money laundering and countering the financing of terrorism in Europe. She characterised financial crime as a strategic risk in the current geopolitical environment and called for a shift from fragmented national approaches to a more integrated European system.

Policy & regulationReform agendas & prioritiesAML and CFT

2026-05-06GlobalBank for International Settlements

Bank for International Settlements bulletin finds carry trades amplify exchange rate responses to monetary tightening with 25 basis point shocks linked to 4 percent CHF and nearly 10 percent JPY moves

The Bank for International Settlements has published a staff bulletin finding that monetary policy transmission to exchange rates depends on currency carry trade activity. Using non-commercial positions in Chicago Mercantile Exchange currency futures, the study shows that a 25 basis point tightening surprise can move the Swiss franc by about 4 percent and the Japanese yen by almost 10 percent against the US dollar when carry trades are elevated, driven by leveraged position unwinds. The bulletin concludes that exchange rate modelling and central bank monitoring may need to account more explicitly for leveraged investors and non-bank financial intermediaries.

ResearchForeign exchange policy and markets

2026-05-06MontenegroMontenegro Capital Market Authority

Montenegro Capital Market Authority publishes list of entities identified or suspected of operating without authorization in capital markets and crypto-asset services

The Montenegro Capital Market Authority has published a preventive list of legal and natural persons it has identified, or reasonably suspects, as operating contrary to applicable rules or without required authorization to provide capital market and crypto-asset services. The authority urges investors to exercise heightened caution, verify counterparties’ registration and authorization status through its channels, and views the measure as supporting investor protection, transparency and market integrity.

SupervisionAlertsSanctions list update

2026-05-06MoldovaNational Bank of Moldova

National Bank of Moldova outlines capital market modernization and covered bond potential for housing finance at ECBC plenary

The National Bank of Moldova said Governor Anca Dragu, speaking at the European Covered Bond Council plenary, named capital market development a priority to diversify funding, support long-term investment and advance Moldova’s European integration, highlighting covered bonds to refinance mortgage portfolios and broaden the investor base. She linked mortgage market growth and housing affordability to financial stability, sustainability and consumer protection, and cited progress in market infrastructure, including strengthening the Single Central Securities Depository, launching the Moldova International Stock Exchange with the Bucharest Stock Exchange, expanding public access to government securities via the e-VMS platform and approving a national taxonomy for sustainable finance.

Policy & regulationReform agendas & prioritiesMarket development

2026-05-06EuropeEuropean Commission

European Commission launches feedback on revised ESRS and voluntary sustainability reporting standard for smaller companies with value chain cap

The European Commission has launched a public feedback process on draft final revised European Sustainability Reporting Standards and a draft voluntary sustainability reporting standard for smaller companies, under the Omnibus I simplification package of the Corporate Sustainability Reporting Directive. The revised standards would cut mandatory datapoints by over 60% and total datapoints by over 70%, simplify materiality assessments, and are expected to reduce reporting costs per company by more than 30%, while the voluntary standard would apply to companies outside mandatory CSRD scope and cap information that in-scope companies can require from value chain partners with 1,000 employees or fewer.

Policy & regulationRules & requirementsAccounting and financial reporting

2026-05-06EuropeEuropean Commission

European Commission explains CSRD value chain cap tied to voluntary sustainability reporting standard for companies with up to 1000 employees

The European Commission has issued a Q&A on the new value chain cap in the Omnibus I Directive, clarifying limits on sustainability data CSRD reporters may request from value chain companies. For CSRD reporting, entities with 1,000 or fewer employees cannot be asked for more information than in the draft voluntary sustainability reporting standard, and only disclosures marked “necessary” count toward the cap, with a lower cap for entities with 10 or fewer employees. The cap applies only to CSRD reporting; non-CSRD companies are not required to use the voluntary standard or provide information. CSRD reporters may seek information beyond the cap only if they label it as such and acknowledge the counterparty’s right to refuse.

Policy & regulationGuidance & interpretationAccounting and financial reporting

2026-05-06GhanaBank of Ghana

Bank of Ghana deputy governor calls for harmonised eKYC and cross border interoperability to make instant payments inclusive

The Bank of Ghana First Deputy Governor used a keynote at the 3i Africa Summit 2026 to argue that inclusive instant payment systems are core economic infrastructure for Africa, requiring real-time, low-cost, interoperable networks to translate digital access into everyday use. He highlighted persistent fragmentation and high costs and outlined a reform agenda focused on coordinated execution among regulators and industry, streamlined and harmonised electronic know your customer frameworks, aligned licensing regimes and stronger cross-border cooperation, noting Ghana’s efforts to enhance instant payment platforms and inter-scheme interoperability.

Policy & regulationReform agendas & prioritiesCross-border payments

2026-05-06UzbekistanMinistry of Finance (Republic of Uzbekistan)

Uzbekistan Ministry of Finance details first public interest entity register and 2027 IFRS aligned standards rollout

The Ministry of Finance of Uzbekistan reported progress on reforms to align national accounting, auditing and financial reporting with International Financial Reporting Standards and other international standards. Measures include creating a legal status and register for public interest entities and phasing in new IFRS‑aligned national standards from 1 January 2027. The ministry confirmed reimbursement of successful international accounting certification exam costs from the Republican budget through 2028, issuance of a new standard on accounting policies and estimates, recognition of translated IFRS amendments, submission of a revised Law on Accounting and Financial Reporting, and completion of translations of all 50 International Standards on Auditing. It also noted growth in internationally certified specialists and auditors, deployment of the Audit software platform, and preparations for the third mutual evaluation of the national AML/CFT/CPF system.

Policy & regulationReform agendas & prioritiesAccounting and financial reporting

2026-05-06UzbekistanMinistry of Finance (Republic of Uzbekistan)

Uzbekistan Ministry of Economy and Finance holds conference on digital transformation and green public procurement

The Ministry of Economy and Finance of Uzbekistan hosted an international conference on the digital transformation of public procurement and the development of green public procurement. Participants discussed modernising the institutional and legal framework, introducing green procurement criteria and a national eco-label system, and using digital technologies, including AI, to enhance transparency, reduce corruption risks and improve long-term economic and environmental efficiency.

Policy & regulationCooperationOther

2026-05-06EuropeEuropean Central Bank - Banking Supervision

European Central Bank Banking Supervision links prudential supervision to risk-based reforms and internal model streamlining in conference speech

European Central Bank Banking Supervision Chair Claudia Buch used a speech at the Dewatripont Fest conference to restate the rationale for prudential supervision and link it to the ECB’s risk-based approach, including escalation up to licence withdrawal. She highlighted streamlined internal model reviews, the Single Supervisory Mechanism supervisory culture initiative, and continued focus on credible intervention, complex business models, governance, and risk management. Buch cautioned that euro area banks’ resilience during the March 2023 turmoil should not lessen vigilance amid elevated geopolitical risks and reduced fiscal shock-absorption capacity.

SupervisionSupervision approach, priorities & toolkitPrudential risks

2026-05-06GlobalFinancial Action Task Force

Financial Action Task Force places Singapore in regular follow-up after mutual evaluation finds gaps in beneficial ownership controls and risk-based enforcement

The Financial Action Task Force and the Asia Pacific Group on Money Laundering issued a mutual evaluation finding Singapore’s AML/CFT/CPF regime broadly strong and well-coordinated but needing more consistent risk-based outcomes, placing it in regular follow-up. Key weaknesses include limited verification of beneficial ownership data in ACRA’s registry, relatively low MAS enforcement, under-prioritisation of complex high-risk money laundering, and generalised proliferation financing controls despite Singapore’s high exposure as a trade, maritime and virtual asset hub.

Policy & regulationPeer reviews and country evaluationsAML and CFT

2026-05-06EuropeEuropean Central Bank

European Central Bank's Cipollone says renewed energy shock raises likelihood of policy rate adjustment

The European Central Bank published a keynote speech by Executive Board member Piero Cipollone warning that the renewed energy shock from the war in Iran and the Middle East is pushing euro area inflation higher and weakening activity, increasing the likelihood that policy rates may need adjustment. He noted headline inflation rose to 3% in April, driven by a 10.9% increase in energy prices, and that conditions are drifting away from the March baseline, prompting reliance on updated adverse and severe scenarios in the June projections. Cipollone added that fiscal support should be temporary, tailored and targeted, with the longer-term response focused on reducing fossil fuel dependence and deepening energy market integration.

Monetary policyMonetary policy assessments & outlooks

2026-05-06Middle EastIslamic Development Bank

Islamic Development Bank reaffirms Azerbaijan partnership and outlines planned 2027 to 2031 strategy ahead of June annual meetings

The Islamic Development Bank reported that its chairman met Azerbaijan’s president in Baku to discuss deepening the strategic partnership ahead of the 2026 IsDB Group Annual Meetings and reaffirmed support for Azerbaijan’s Vision 2030. The Bank highlighted that it has provided about USD 1.8 billion in development financing to Azerbaijan since 1992 and plans a 2027–2031 Member Country Partnership Strategy to expand cooperation in economic diversification, regional integration, infrastructure and sustainable development.

Policy & regulationCooperationOther

2026-05-06LebanonCentral Bank of Lebanon

Central Bank of Lebanon reports USD 372 million net rise in foreign currency assets despite recent decline

The Central Bank of Lebanon reported that foreign currency assets rose by about USD 372 million between April 2025 and April 2026 to approximately USD 11.43 billion. A USD 516 million decline from February through April followed earlier gains and was attributed to geopolitical conditions, higher cash payments and valuation effects.

Data & statisticsBalance of payments and other external statistics

2026-05-06TaiwanTaiwan Financial Services Commission

Taiwan Financial Services Commission reports TWD 497.73 billion net foreign selling as of April 30 and USD 26.420 billion net inward remittances in April

The Taiwan Financial Services Commission reported that foreign investors were net sellers of TWD 497.73 billion in TWSE and TPEx shares combined as of 30 April 2026, with net selling of TWD 523.69 billion in TWSE-listed shares and net buying of TWD 24.04 billion in TPEx-listed shares. April net inward remittances from offshore foreign and mainland area investors totaled USD 26.420 billion, bringing 2026 year-to-date net inward remittances to USD 44.272 billion and raising the cumulative net inward remittance balance to USD 364.432 billion from USD 338.012 billion at end-March.

Data & statisticsBalance of payments and other external statistics

2026-05-06TaiwanCentral Bank of Taiwan

Central Bank of Taiwan reports foreign exchange reserves rose to USD 602.49 billion at end-April

The Central Bank of Taiwan reported foreign exchange reserves of USD 602.49 billion at end-April 2026, an increase of USD 5.60 billion from the previous month driven by reserve management returns, exchange rate movements and operations to smooth capital flows. The market value of securities investment and New Taiwan dollar deposits held by foreign portfolio investors was USD 1,614.9 billion, equivalent to 268% of foreign exchange reserves.

Data & statisticsBalance of payments and other external statistics

2026-05-06SyriaCentral Bank of Syria

Central Bank of Syria discusses linking financial transfer systems and regulatory sandbox requirements with communications ministry

The Central Bank of Syria and the Ministry of Communications and Information Technology discussed measures to interconnect financial transfer systems and enhance digital infrastructure to make transfer services faster and more efficient. The meeting also addressed data-linking requirements, cybersecurity and digital protection, and called for simpler procedures and improved user experience to expand money transfer usage. A presentation outlined requirements for a regulatory sandbox to test new digital financial solutions in a controlled environment.

SupervisionInnovation & testingCross-border paymentsMarket infrastructureRegulatory sandbox

2026-05-06SyriaCentral Bank of Syria

Central Bank of Syria launches 2026 to 2030 strategy with five pillars and more than 30 initiatives

The Central Bank of Syria has outlined its 2026–2030 strategy to strengthen monetary and financial stability and build a modern financial system that supports economic recovery. The plan is structured around five pillars: monetary stability, an orderly foreign exchange market, financial sector soundness and integrity, secure digital payments, and deeper integration with the global financial system and financial inclusion, to be delivered through more than 30 programmes and initiatives. Implementation is progressing through phased priorities with periodic monitoring, and the central bank will refine its policies and tools with partners to support economic stability and sustainable growth.

Policy & regulationReform agendas & priorities

2026-05-06SingaporeMonetary Authority of Singapore

Monetary Authority of Singapore says remuneration committees are already expected to comprise only non executive directors and points to executive pay KPI disclosure proposals

The Monetary Authority of Singapore said Singapore Exchange Listing Rules and the Code of Corporate Governance already require remuneration committees to comprise only non-executive directors on a comply-or-explain basis and mandate disclosure of remuneration paid to each director. It highlighted proposals to require listed companies to disclose key performance indicators used to determine executive directors’ pay and their alignment with long-term shareholder value, and noted that the Corporate Governance Advisory Committee is reviewing the Code to further enhance governance and disclosure standards.

Policy & regulationRules & requirementsCorporate governance

2026-05-06SingaporeMonetary Authority of Singapore

Monetary Authority of Singapore outlines SGX RegCo measures to improve listed company Scope 1 and 2 emissions disclosure reliability before FY2029 assurance mandate

The Monetary Authority of Singapore outlined a framework to support accurate, reliable Scope 1 and 2 emissions disclosures by listed companies from FY2025, ahead of mandatory external limited assurance from FY2029. It focuses on robust internal processes, data governance, internal controls, board oversight, mandatory use of the Greenhouse Gas Protocol, enhanced methodological transparency, and SGX Regulation monitoring and enforcement. Reporting capability has improved, with Scope 1 reporting rising from 50% to 87% and Scope 2 from 61% to 93% between 2023 and 2025.

Policy & regulationGuidance & interpretationClimate risk and sustainable financeDisclosures

2026-05-06Hong KongFinancial Services and the Treasury Bureau (Hong Kong)

Hong Kong Financial Services and the Treasury Bureau uses ADB annual meeting to promote catastrophe bonds tokenised green bonds and tax treaty negotiations

At the Asian Development Bank annual meeting in Samarkand, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, promoted Hong Kong as a financing, risk management and trade facilitation hub, highlighting market diversification, secondary listings and technology-enabled growth. He encouraged use of Hong Kong’s markets and professional services for catastrophe and tokenised green bond issuance, and discussed potential double taxation agreements, green bond cooperation and an Asian gold ecosystem with several member countries.

Policy & regulationReform agendas & prioritiesCross-border cooperation

2026-05-06Hong KongHong Kong Monetary Authority

Hong Kong Monetary Authority alerts public to reported fraudulent bank websites phishing emails and other scams

The Hong Kong Monetary Authority issued a public alert highlighting bank press releases on fraudulent websites, fake internet banking login screens, phishing emails and other scams. It reiterated that banks do not send embedded hyperlinks for transactions or request sensitive information such as login or one-time passwords by phone, email or SMS, and advised affected individuals to contact their bank and report cases to the Crime Wing Information Centre of the Hong Kong Police Force.

SupervisionAlertsFraud and scams

2026-05-06United Arab EmiratesDubai International Financial Centre

Dubai International Financial Centre reports insurance and reinsurance premiums rose to USD 4.2bn in 2025 with 28 new firms authorised

Dubai International Financial Centre reported continued expansion of its insurance and reinsurance market, with gross written premiums rising 20 per cent to USD 4.2bn in 2025, double 2022 levels, and premiums brokered from DIFC increasing to more than USD 3.4bn. The centre now hosts over 135 insurance and reinsurance firms, with growth led by property and liability lines, supported by marine, aviation and transport, alongside 28 new insurance-related authorisations in 2025 and early 2026.

Data & statisticsOther

2026-05-06KuwaitKuwait Capital Markets Authority

Kuwait Capital Markets Authority amends corporate governance provisions in executive bylaws to reflect international practices

The Kuwait Capital Markets Authority has issued Resolution No. 56 of 2026 amending certain provisions of Module Fifteen on corporate governance in the executive bylaws under Law No. 7 of 2010. The amendments and additions update the framework to reflect international good governance practices and the practical experience of entities subject to the module.

Policy & regulationRules & requirementsCorporate governance

2026-05-06KuwaitKuwait Capital Markets Authority

Kuwait Capital Markets Authority issues renewable three year licence for Ahli Capital Money Markets Fund in USD

The Kuwait Capital Markets Authority has issued a collective investment scheme licence for Ahli Capital Investment Company’s Ahli Capital Money Markets Fund in USD. The licence follows prior approval for the fund’s establishment and completion of the minimum capital requirement and is valid for a renewable three-year period.

SupervisionAuthorisations & approvalsLicence approval

2026-05-06NetherlandsDe Nederlandsche Bank

De Nederlandsche Bank warns against IDSG Capital for illegally taking repayable funds from the public

De Nederlandsche Bank has issued a public warning against IDSG Capital B.V. for breaching the prohibition on attracting repayable funds from the public without a banking licence under the Dutch Financial Supervision Act. The central bank warned that clients may face an increased risk of losing all or part of their money as the firm is not under supervision and urged the public to check its register to verify firms’ licences and permitted activities.

SupervisionAlertsUnlicensed or unauthorized activity

2026-05-06Saudi ArabiaSaudi Arabia Capital Markets Authority

Saudi Arabia Capital Market Authority approves Naba Alsaha Medical Services capital increase to SAR 210 million through one for one bonus share issue

The Saudi Arabia Capital Market Authority has approved Naba Alsaha Medical Services Company’s request to double its capital to SAR 210 million by issuing one bonus share for each existing share, increasing outstanding shares to 21 million. The capital increase will be funded by transferring SAR 93 million from retained earnings and SAR 12 million from reserves, subject to approval by an extraordinary general assembly and compliance with regulatory requirements.

SupervisionAuthorisations & approvalsSecurities offerings and listings

2026-05-06KuwaitKuwait Capital Markets Authority

Kuwait Capital Markets Authority amends corporate governance rules and reporting template with transition to end-2026

The Kuwait Capital Markets Authority has amended parts of Book 15 on corporate governance in the Executive Regulations of Law No. 7 of 2010 and revised Appendix 2 on the corporate governance report template, with immediate effect and a compliance horizon to end-2026. Transitional provisions clarify that new conditions for independent board members in Article 2-3 apply upon election of new boards, while amended Article 13-1 requirements on forms submitted via the authority’s electronic governance portal apply from the date of issuance.

Policy & regulationRules & requirementsCorporate governance

2026-05-06KosovoCentral Bank of the Republic of Kosovo

Central Bank of the Republic of Kosovo adds gold to official reserves for the first time

The Central Bank of the Republic of Kosovo has added gold to its official reserve portfolio for the first time as part of a long-term strategic allocation to modernise its reserve management framework, strengthen diversification, reduce risk and support resilience. The move follows a broader overhaul of asset management, administration and risk management, including enhanced internal policies and governance, expanded cooperation with international financial institutions and revised correspondent banking and custody arrangements.

Monetary policyMonetary policy framework & strategy

2026-05-06GreeceMinistry of National Economy and Finance (Greece)

Greece Ministry of National Economy and Finance says Eurogroup is working on Savings and Investments Union implementation and targets a July digital finance statement

Greece’s Ministry of National Economy and Finance published remarks by Minister and Eurogroup President Kyriakos Pierrakakis highlighting the Eurogroup’s priority to implement the European Commission’s Savings and Investments Union agenda and agree a common statement on digital finance. He framed the digital euro as the EU’s main strategic response to USD-linked stablecoins, aimed at strengthening the euro’s international role via a public payments and settlement infrastructure, and indicated that European Parliament action is expected this year with a 2029 delivery horizon viewed as acceptable despite opportunity costs.

Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments

2026-05-06GlobalIOSCO

The BIS Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions consult on CCP guidance and disclosure updates for initial margin transparency and responsiveness

The BIS Committee on Payments and Market Infrastructures and IOSCO have launched a consultation on targeted amendments to central counterparty resilience guidance and public quantitative disclosure standards to implement earlier policy proposals on initial margin in centrally cleared markets. The clarifications to the Principles for Financial Market Infrastructures would add requirements on margin simulation tools, measurement of initial margin responsiveness, governance and overrides of margin models, and expand CCP public disclosures, including more granular reporting on initial and variation margin, backtesting and a standardised margin responsiveness metric.

Policy & regulationGuidance & interpretationMarket infrastructure

2026-05-06GlobalBank for International Settlements

Committee on Payments and Market Infrastructures and International Organization of Securities Commissions launch consultation on CCP resilience and disclosure amendments for initial margin

The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions have issued for consultation proposed amendments to resilience guidance and public quantitative disclosure standards for central counterparties. The targeted updates would incorporate elements of the January 2025 BCBS-CPMI-IOSCO report on transparency and responsiveness of initial margin, including changes on simulation tools, measurement of initial margin responsiveness, governance of margin models, use of model overrides, and related CCP disclosures.

Policy & regulationGuidance & interpretationCCPs

2026-05-06EuropeEuropean Central Bank

European Central Bank updates wage tracker showing broadly unrevised negotiated wage growth around 2.6% by end-2026

The European Central Bank updated its wage tracker for active collective bargaining agreements in nine euro area countries, showing a broadly unchanged forward-looking signal with negotiated wage growth stabilising around 2.6% by end-2026. The headline tracker with smoothed one-off payments indicates 3.2% growth in 2025 and 2.3% in 2026, with an intra-2026 upward profile driven by fading effects from large 2024 one-off payments. The forward-looking horizon remains capped at December 2026, with an extension to the first quarter of 2027 expected in the July 2026 release.

Data & statisticsEconomic data and developments

2026-05-06ChileChile Financial Market Commission

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

The Chile Financial Market Commission issued an investor alert stating that Soluciones FX, Flow Markets and Gate.io and related entities are not registered or authorized to provide services subject to its supervision. The authority urged investors to verify firm registration and management details on its website, conduct online checks for complaints or negative comments, and exercise caution regarding unsolicited contact, pressure to invest quickly, or unusually high promised returns.

SupervisionAlertsUnlicensed or unauthorized activity

2026-05-06EuropeEuropean Central Bank - Banking Supervision

European Central Bank Banking Supervision sets out Eurosystem response on EU bank competitiveness centred on Banking Union integration and prudential simplification

The European Central Bank Banking Supervision has published the Eurosystem’s response to the European Commission’s consultation on EU banking sector competitiveness, arguing that competitiveness should be driven by a more integrated Banking Union, a simpler prudential framework and preserved resilience. The response calls for treating the Banking Union as a single jurisdiction, completing it through measures such as a European Deposit Insurance Scheme and a backstop to the Single Resolution Fund, and simplifying capital, MREL/TLAC, stress testing and reporting.

Policy & regulationReform agendas & prioritiesCapital adequacyPrudential risks

2026-05-06EstoniaCentral Bank of Estonia

Central Bank of Estonia reports first quarter 2026 cash issuance fell 11% with 7.6 million banknotes worth EUR 252.1 million put into circulation

The Central Bank of Estonia published first-quarter 2026 cash circulation data showing issuance of 7.6 million banknotes worth EUR 252.1 million and 1.7 million coins worth EUR 1.1 million, down 11% from the previous quarter due mainly to lower banknote issuance. ATM cash withdrawals reached EUR 798 million and deposits EUR 419 million, both lower year on year, while the number of ATMs stood at 661 alongside cash services at 17 bank offices and about 700 shop tills. The central bank also reported ongoing kroon exchanges, an estimated EUR 43.3 million in unreturned kroon, and 70 counterfeit euro banknotes and 28 counterfeit coins.

Data & statisticsCurrency and cash management

2026-05-06IsraelBank of Israel

Bank of Israel outlines banking competition reforms including Revolut licensing progress and new micro and small bank framework

The Bank of Israel detailed reforms by its Banking Supervision Department to open the banking market to new entrants, including approvals for Revolut Payments Israel Ltd. to progress in the banking licence process and for Esh Israel Bank Ltd. to gain access to and representation in payment systems. The reforms, anchored in the Promotion of Competition in the Banking Market (Legislative Amendments) Law, 5786–2026, establish a framework for micro and small banks, have enabled two new banks and expanded payment system access, and will be supported by a graduated regulatory regime tailored to banks’ size and complexity.

Policy & regulationRules & requirementsLicensing framework and processMarket development

2026-05-06GlobalFinancial Stability Board

Financial Stability Board warns vulnerabilities in the USD 1.5 trillion to USD 2.0 trillion private credit market could amplify stress

The Financial Stability Board warns that the rapidly growing private credit market, now estimated at USD 1.5 trillion to USD 2.0 trillion in assets, embeds material financial stability vulnerabilities, including deepening links with banks and other nonbanks, weaker borrower credit quality, opaque valuations, leverage, sector concentration and liquidity pressures. It highlights significant data gaps around bank credit lines and indirect exposures, and proposes comparable metrics and harmonised definitions to improve oversight, close data gaps, and strengthen analysis of links with private equity and insurers and of liquidity mismatches.

Policy & regulationInternational standards & recommendationsLending