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  • 2026-04-20ChinaCentral Bank of the Republic of China

    Central Bank of the Republic of China publishes March 2026 market data with DR001 at 1.31% and bond custody at CNY 200 trillion

    The Central Bank of the Republic of China published March 2026 statistics showing sharply higher interbank trading volumes year on year, slightly lower secured funding rates versus February, and a bond market custody balance of CNY 200.0 trillion. Interbank lending averaged CNY 450.8 billion a day and bond repos CNY 8.2 trillion, with DR001 and DR007 at 1.31% and 1.44% and the 10-year government bond yield at 1.82%. Foreign institutions held CNY 3.2 trillion of bonds (1.6% of total custody), while the data also highlighted active derivatives and gold markets, a USD/CNY close of 6.9081, and equity index declines of 6.5% and 7.0% in Shanghai and Shenzhen.

    Data & statisticsMonetary dataFinancial and market indicators
  • 2026-04-20ChinaCentral Bank of the Republic of China

    People's Bank of China Governor Pan Gongsheng holds IMF and World Bank Annual Meetings talks on China-Europe and emerging market financial cooperation

    The People’s Bank of China reported that Governor Pan Gongsheng held bilateral meetings on the sidelines of the International Monetary Fund and World Bank Annual Meetings to discuss the economic and financial outlook and strengthen cross-border financial cooperation. Discussions with European counterparts, emerging market and developing economy officials, and senior executives from SWIFT and Bank of America focused on China-Europe economic and financial conditions, the global economy, financial markets, and deepening practical financial cooperation.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-20ChinaCentral Bank of the Republic of China

    People's Bank of China governor meets IMF and World Bank leadership on economic outlook and cooperation

    The People's Bank of China Governor Pan Gongsheng met with International Monetary Fund Managing Director Kristalina Georgieva, World Bank President Ajay Banga and other heads of international financial institutions during the International Monetary Fund and World Bank annual meetings on 16–17 April 2026. Discussions focused on China and global economic conditions and on cooperation between China and international financial institutions, with Deputy Governor Xuan Changneng also attending.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-20SwedenRiksbank

    Sweden's Riksbank publishes staff memo on monetary–fiscal interactions when Ricardian equivalence fails

    The Riksbank has published a Staff Memo analysing monetary–fiscal policy interactions in a New Keynesian framework without Ricardian equivalence, including liquidity-constrained households and fiscal dominance. The study finds altered shock transmission, with stronger inflation but weaker output responses to supply shocks, larger real-activity swings from demand shocks, differing volatility of real government debt, and distinct inflation and output effects from consumption versus labour-income tax changes under monetary versus fiscal dominance. Staff Memos express the authors’ views and not the Riksbank’s official policy stance.

    Research
  • 2026-04-20SwedenRiksbank

    Sweden's Riksbank to ensure offline card payments for essential goods from 1 July 2026

    The Riksbank published a keynote speech by Governor Erik Thedéen on vulnerabilities and resilience in an uncertain geopolitical environment, focusing on operational preparedness for critical payment functions. Thedéen announced that, together with market participants, the Riksbank will enable offline card payments for essential goods in Sweden from 1 July 2026, and is exploring offline functionality for the Swish instant mobile payment service while supporting measures to preserve and strengthen cash usage. He also stressed the need to protect critical payment infrastructure from cyber and physical attacks and to deepen Nordic-Baltic and European crisis-preparedness cooperation.

    Policy & regulationReform agendas & prioritiesGeopolitical riskFinancial stability and systemic risk
  • 2026-04-20United StatesFinancial Industry Regulatory Authority

    Financial Industry Regulatory Authority appoints Chris Rosello to lead global government affairs and Chris Spina to head corporate communications

    The Financial Industry Regulatory Authority announced two senior leadership appointments to strengthen engagement with regulators, policymakers, industry stakeholders and the media. Chris Rosello has been appointed Senior Vice President, Global Government Affairs, consolidating the Offices of Government Affairs and International Affairs, while Chris Spina has been appointed Senior Vice President, Corporate Communications to lead strategic communications, media relations and public engagement.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-04-20GlobalBank for International Settlements

    Switzerland's Bank for International Settlements congratulates Hyun Song Shin on appointment as Bank of Korea Governor and confirms Monetary and Economic Department transition

    The Bank for International Settlements issued a statement from General Manager Pablo Hernández de Cos following the appointment of Hyun Song Shin as Governor of the Bank of Korea, highlighting Shin’s intellectual leadership and strategic role at the BIS since 2014. The BIS confirmed that Hélène Rey will succeed Shin as Head of the Monetary and Economic Department from September 2026, with Frank Smets serving as Acting Head in the interim.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-04-20TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan reports foreign exchange purchase auction results with weighted average USD/TJS 9.4577

    The National Bank of the Republic of Tajikistan conducted a foreign exchange purchase intervention auction on 20 April 2026 with 10 participants. It satisfied bids ranging from USD 700,000 to USD 5,550,000 at a weighted average rate of 9.4577 USD/TJS.

    Monetary policyMonetary policy instruments & operationsOther
  • 2026-04-20ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission orders Advanced Connection Corporation to submit and disclose fuller private placement share offering information by 23 April 2026

    The Thailand Securities and Exchange Commission has ordered Advanced Connection Corporation Public Company Limited to submit more information and documents on its private placement share issuance and to disclose them via the Stock Exchange of Thailand’s SETLink system. Finding ACC’s earlier clarification incomplete, the SEC requested further detail on the fundraising rationale and urgency, investor selection and qualifications, strategic support, board deliberations, and risk management. It cited its powers under Section 58(1) of the Securities and Exchange Act B.E. 2535 (1992) and reiterated that private placements with a fixed offering price are approved only if shareholders clearly resolve on the price and receive all required information at least 14 days before the meeting.

    SupervisionInterventionsSecurities offerings and listings
  • 2026-04-20Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to fraudulent bank websites and login screens targeting customers of Shanghai Commercial Bank and Chong Hing Bank

    The Hong Kong Monetary Authority issued a public alert on scams involving fraudulent websites and fake internet banking login screens related to Shanghai Commercial Bank Limited and Chong Hing Bank Limited. It reiterated that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information such as login or one-time passwords, and advised affected customers to contact their bank and the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2026-04-20ChileChile Financial Market Commission

    Chile's Financial Market Commission updates minimum equity and prudential requirements for securities intermediaries and commodity exchange brokers

    The Financial Market Commission issued a new prudential regime for securities intermediaries and commodity exchange brokers, introducing risk‑weighted assets-based capital requirements and revised minimum equity, collateral, indebtedness and liquidity standards. For firms above the revenue threshold, minimum equity is the higher of UF 5,000 or 3% of risk‑weighted assets, with statutory collateral of UF 6,000 and an “adjusted equity” definition excluding items with limited loss‑absorbing capacity. The regulation also establishes an RWA methodology covering market, credit, operational and crypto‑asset risks and empowers the authority to tighten requirements where risk management is deficient.

    Policy & regulationRules & requirementsCapital adequacy
  • 2026-04-20ChileChile Financial Market Commission

    Chile's Financial Market Commission launches consultation on prudential rules for life annuity reinsurance with foreign reinsurers

    The Chile Financial Market Commission has launched a consultation on draft rules setting conditions for life insurers to deduct reinsurance of life annuity obligations placed with foreign reinsurers from technical reserves. The proposal would cap eligible deductions at 20 percent of technical reserves, require foreign reinsurers to hold at least an international category A rating and be subject to supervisory cooperation arrangements, impose segregation and portfolio limits on backing assets, mandate early termination clauses, and introduce detailed quarterly reporting.

    Policy & regulationRules & requirements
  • 2026-04-20ChileChile Financial Market Commission

    Chile's Financial Market Commission launches four-week consultation to simplify insurance market reporting and documentation requirements

    The Chile Financial Market Commission has launched a consultation on amendments to multiple insurance regulations aimed at simplifying application, enhancing legal certainty and improving compliance efficiency. The proposal would shift publication of key insurance market rates and figures to the Commission’s website, remove certain documentation and filing requirements for foreign reinsurers and legal representatives, and repeal duplicative obligations for insurers and reinsurers.

    Policy & regulationRules & requirementsRegulatory burden
  • 2026-04-20IsraelBank of Israel

    Bank of Israel updates inflation expectations indicators showing 12-month forecast at 1.6% and 1-year breakeven at 1.8%

    The Bank of Israel published updated 2021–2026 inflation expectations from private-sector forecasts, banks’ internal rates, inflation contracts, and capital-market breakeven and forward measures. Current 12‑month expectations range from 1.6% (private forecasts) to 1.9% (inflation contracts). Capital-market expectations are 1.8% for one and two years, 2.0% for three and five years, 2.3% for years three to five, and 1.9% for years five to ten. The Bank notes that market-based measures include an inflation-risk premium and can be distorted by taxation, liquidity, and market depth, with unusually high one‑year biases in January 2024.

    Data & statisticsEconomic data and developments
  • 2026-04-20IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority issues cyber security and resilience guidelines for GIFT IFSC market infrastructure institutions with 6-hour incident reporting and ISO 27001 certification

    The India International Financial Services Centres Authority has issued Guidelines on Cyber Security and Cyber Resilience for Market Infrastructure Institutions in IFSC, establishing a prescriptive framework for stock exchanges, clearing corporations, depositories and the bullion exchange in GIFT IFSC. The rules require Board-approved cyber policies, a Chief Information Security Officer reporting to the MD/CEO, 24x7 Security Operations Centres, rapid incident reporting to the authority and CERT-In, post-quantum cryptography roadmaps, third-party risk controls and ISO 27001 certification. The Guidelines took effect on 1 April 2026, with Market Infrastructure Institutions required to achieve full compliance within specified timelines.

    Policy & regulationGuidance & interpretationCyber resilience
  • 2026-04-20IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority signs cooperation MoU with Korea's Financial Services Commission

    The India International Financial Services Centres Authority has signed a Memorandum of Understanding with Korea’s Financial Services Commission to strengthen regulatory cooperation and support the development of the financial services ecosystem in both jurisdictions. The MoU provides for mutual assistance, including exchange of information, best practices, and expertise on emerging technologies and innovations, and was signed at the Korea-India Financial Cooperation Forum in New Delhi.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-20RussiaCentral Bank of Russia

    Central Bank of Russia discontinues register of certified financial market specialists and ends certification accreditation functions

    The Central Bank of Russia announced that, following legislative amendments effective 20 April 2026, it will no longer maintain the register of certified financial market specialists or accredit organisations that certify such specialists. It will cease approving qualification examination programmes, issuing and annulling qualification certificates, processing accreditation-related applications and register amendments, and issuing copies or extracts of certificates and register data, including via the Gosuslugi public services portal.

    Policy & regulationRules & requirementsMandate change
  • 2026-04-20SerbiaNational Bank of Serbia

    National Bank of Serbia issues consumer guidance on WhatsApp impersonation scams and payment recovery steps

    The National Bank of Serbia, through its Financial Services User Protection Sector, published an explainer on recognising and responding to WhatsApp-based impersonation scams, including verification steps before making payments and use of the “Transfer” service to send money to known phone numbers. The guidance clarifies that payments made by victims under deception are not considered unauthorised transactions and banks are generally not liable for losses, although they must take reasonable measures to recover funds and handle user complaints.

    Financial literacy & educationFraud and scams
  • 2026-04-20GreeceBank of Greece

    Bank of Greece publishes February 2026 balance of payments while withholding goods and current account data pending ELSTAT trade release

    The Bank of Greece published February 2026 balance of payments data but omitted the goods balance and related aggregates, including the current account, after the Hellenic Statistical Authority postponed commercial transactions data. Available figures show a stronger services surplus driven by travel, offset by weaker transport and other services, wider primary and secondary income deficits, capital account deficits, and higher direct, portfolio and other investment flows, while reserve assets rose to EUR 23.0 billion from EUR 15.7 billion a year earlier. Publication of the goods balance and related aggregates will resume once the Hellenic Statistical Authority releases the February 2026 trade data.

    Data & statisticsBalance of payments and other external statistics
  • 2026-04-20GreeceHellenic Capital Market Commission

    Hellenic Capital Market Commission President Vasiliki Lazarakou re-elected to the IOSCO Board for a third term

    The Hellenic Capital Market Commission announced that its President, Vasiliki Lazarakou, has been unanimously re-elected by IOSCO’s European Regional Committee as its representative on the IOSCO Board for a third consecutive term for 2026–2028. IOSCO is the primary forum for international cooperation among securities regulators and the leading global standard setter for securities markets, with the European Regional Committee representing 52 members and focusing on European securities market issues.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-04-20BulgariaMinistry of Finance (Bulgaria)

    Bulgaria’s Ministry of Finance discusses euro area accession and cooperation with the International Monetary Fund

    The Ministry of Finance (Bulgaria) reported that Finance Minister Georgi Klissurski met International Monetary Fund Managing Director Kristalina Georgieva to discuss Bulgaria’s euro area accession and broader cooperation. The meeting covered developments in the accession process, challenges arising from global changes, and opportunities for cooperation and development.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-20KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic delivers Issyk-Kul outreach lecture on QR-code payments and fraud risks

    The National Bank of the Kyrgyz Republic’s Issyk-Kul Regional Office held an off-site financial literacy lecture for senior students at the T. Shevchenko Secondary School in Sary-Kol, Tyup district, as part of its 2026 regional financial literacy plan. The session covered QR-code payments, money-mule (“dropper”) activity and fraud.

    Financial literacy & educationFinancial literacy and education
  • 2026-04-20KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic approves Mars Abdraimov as independent director and audit committee chair at Eurasian Savings Bank

    The National Bank of the Kyrgyz Republic approved the candidacy of Mars Kasymbekovich Abdraimov, nominated by Open Joint Stock Company Eurasian Savings Bank, as an independent member of the bank’s board of directors. He will also serve as chair of the bank’s audit committee.

    Institutional developmentLeadership change & appointmentsLicence approval
  • 2026-04-20GlobalBank for International Settlements

    Bank for International Settlements publishes dataset on 1,246 AI-producing firms and finds the United States and China are the largest hubs

    The Bank for International Settlements published a working paper and cross-country dataset mapping 1,246 AI-producing firms across 32 economies into five AI supply chain layers, highlighting global concentration, specialisation and investment patterns relevant to AI industrial and sovereign strategies. Firm activity is heavily concentrated in the United States and China, with significant economic footprint in Chinese Taipei and Korea, and shows strong home bias in investment and a high share of deals targeting AI applications. The publicly available dataset is based on PitchBook data, uses large language model-assisted classification with manual verification, and covers firms with valuations above USD 500 million.

    ResearchArtificial intelligence
  • 2026-04-20NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway identifies serious governance and AML breaches at S.A.M Tax AS but does not revoke approval

    The Financial Supervisory Authority of Norway published an inspection report on S.A.M Tax AS identifying serious governance and control failures, including non-compliant quality management, insufficient capacity and competence, and extensive anti-money laundering breaches. The authority decided not to revoke the firm’s accounting approval due to the time elapsed between the supervisory meeting and the revocation notice, remedial measures taken by the firm, and the absence of material errors in reviewed engagements. A further inspection is planned, and the breaches will be considered in future supervisory assessments.

    SupervisionReviews, inspections & stress testsCorporate governance
  • 2026-04-20KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes guidance on responding to fraudulent loans and the criteria for debt write-offs

    Kazakhstan’s Agency for Regulation and Development of the Financial Market has issued a guide for consumers facing fraudulent bank loans or microcredits, covering dealings with creditors, evidence preservation, and police reporting, and noting that fraud claims do not automatically cancel debt. Creditors must suspend collection within three days once a victim recognition order or police submission specifying the loan is obtained. Debt is written off only when fraud and creditor violations are confirmed, with creditors then required to cancel debt, refund withheld sums, and correct credit histories.

    Policy & regulationGuidance & interpretationOther
  • 2026-04-20ArgentinaCentral Bank of Argentina

    Central Bank of Argentina outlines Phase 4 economic programme citing a USD 1.5bn Q1 RIN increase and IMF SLA projections

    The Central Bank of Argentina published a presentation by its vice president outlining “Argentina: Economic Program Phase 4”, highlighting a more favourable macroeconomic outlook supported by foreign-exchange purchases, easing of exchange controls and a tighter monetary stance. The materials report a USD 1.5bn increase in international reserves in the first quarter, with further inflows envisaged under the IMF Stand-By Arrangement, and link lower interest rates and reduced rate volatility to continued disinflation and a revival in credit.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2026-04-20NorwayNorges Bank

    Norway's Norges Bank sets out the scope and publication schedule for its monthly balance sheet

    Norges Bank published an update describing its monthly balance sheet reporting, which presents assets, liabilities and equity at month-end with selected note disclosures. The update also reiterates that annual accounts are prepared under the Accounting Act and the regulation on annual accounts for Norges Bank, and that a consolidated balance sheet overview is available back to 1817.

    Data & statisticsBalance of payments and other external statistics
  • 2026-04-20AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan revokes AtaSigorta’s insurance activity licence following voluntary application

    The Central Bank of the Republic of Azerbaijan has revoked AtaSigorta Open Joint Stock Company’s insurance activity licence at the firm’s voluntary request under Article 107.1.1 of the Law on Insurance Activity. The authority stated that the withdrawal does not threaten the insurance sector’s financial stability and that the revocation process will be monitored within the legal framework.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2026-04-20EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority signs cooperation agreement with the European Commission Joint Research Centre on natural catastrophe risk research

    The European Insurance and Occupational Pensions Authority and the European Commission’s Joint Research Centre have signed a Memorandum of Understanding to strengthen cooperation on evidence-based research into natural catastrophe risks. The agreement aims to improve understanding and management of catastrophe risks through enhanced data sharing, risk assessment methodologies, and analysis of disaster loss data for the insurance sector and the wider economy.

    Policy & regulationCooperationNature-related riskClimate risk and sustainable finance
  • 2026-04-20AlbaniaMinistry of Finance (Albania)

    Albania's Ministry of Finance presents 2025 growth of 3.8% and public debt of 52.9% of GDP at IMF and World Bank Spring Meetings

    Albania’s Finance Ministry reported Minister Petrit Malaj’s participation in the IMF–World Bank Spring Meetings, focusing on Albania’s economic outlook, financial stability, and cooperation with the institutions. Malaj cited ongoing fiscal consolidation, with public debt projected at 52.9% of GDP by end-2025 (down from 65% in 2019), GDP growth of 3.8% in 2025 and 4% in 2026, higher wages, EUR 1.63 billion in FDI, stronger budget revenues, and recent sovereign rating upgrades. The ministry also highlighted meetings with senior IMF and World Bank officials, regional counterparts, and involvement in the Southeast Europe Technical Assistance Center, support for Ukraine, and the World Bank’s “Water Forward” initiative.

    Policy & regulationCooperationOther
  • 2026-04-20BhutanRoyal Monetary Authority of Bhutan

    Royal Monetary Authority of Bhutan imposes BTN 1,702,699.64 penalty on Bhutan Development Bank Limited and orders fixes after review of medium scale ESP loans

    The Royal Monetary Authority of Bhutan has completed a compliance review of the Economic Stimulus Programme concessional credit line for medium scale projects, identifying multiple deficiencies in Bhutan Development Bank Limited’s credit appraisal and administration. The central bank ordered adjustments to loans breaching the BTN 100 million ceiling, flagged tenor and land-lease mismatches, mandated enhanced monitoring and documentation controls, and required the return of undisbursed and improperly disbursed funds to the ESP pool. It also directed the bank’s Board to take disciplinary action against responsible staff and imposed a BTN 1,702,699.64 monetary penalty.

    EnforcementInvestigations & enforcement actionsCredit riskSupervision process and methodologies
  • 2026-04-20IndiaReserve Bank of India

    Reserve Bank of India withdraws prior guidance and restricts authorised dealers from INR FX derivatives with related parties

    The Reserve Bank of India has withdrawn its 1 April 2026 instructions on Risk Management and Inter-Bank Dealings and now prohibits authorised dealers from entering into any foreign exchange derivative contract involving INR with related parties. Limited carve-outs apply for cancellation and rollover of existing contracts and for back-to-back transactions with non-related non-resident users, with “related parties” defined under Indian Accounting Standard 24 or International Accounting Standard 24, and the revised instructions taking immediate effect.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2026-04-20Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Market Authority approves Al Rashid Industrial Company capital increase to SAR 120 million via 1 for 2 bonus shares

    The Saudi Arabia Capital Markets Authority approved Al Rashid Industrial Company’s capital increase from SAR 80 million to SAR 120 million by transferring SAR 40 million from retained earnings and issuing one bonus share for every two existing shares, raising outstanding shares from 8 million to 12 million. Share entitlement will be for shareholders registered at the Securities Depository Center as of the close of the second trading day after a board-set due date, and the company must convene an extraordinary general assembly within six months and comply with regulatory requirements.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-04-20Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia's Capital Market Authority confirms JYAD Partners can commence licensed arranging activities in the securities business

    The Saudi Arabia Capital Market Authority announced that JYAD Partners has fulfilled the commencement of business requirements to conduct licensed arranging activities in the securities business. The underlying licence was granted under a Capital Market Authority resolution dated 20 October 2025.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-04-20ItalyBank of Italy

    Bank of Italy Senior Deputy Governor Paolo Angelini delivers speech on DLT and stablecoins at Banca d’Italia–NABE symposium

    Paolo Angelini, Senior Deputy Governor of the Bank of Italy and President of the Insurance Supervisory Authority (IVASS), delivered a speech titled “DLT and Stablecoins: Where Do We Stand?” at the International Economic Symposium organised by the National Association for Business Economics and hosted by the Bank of Italy. The symposium examined how technological change and policy choices are shaping future growth in the US and European economies and the implications for cross-border business.

    OtherBlockchain and distributed ledger technologyStablecoins
  • 2026-04-20DenmarkNational Bank of Denmark

    National Bank of Denmark sets 31 May 2026 final exchange deadline for DKK 1,000 and older-series banknotes

    The National Bank of Denmark reiterated that DKK 1,000 banknotes and notes from the 1944, 1952, 1972 and 1997 series can only be exchanged until 31 May 2026, after which they will be worthless, with only the 2009 series remaining valid in Denmark and Greenland. Exchanges must be conducted in person at the National Bank of Denmark’s three FOREX-operated exchange points or at local banks in Greenland and the Faroe Islands, with written declaration and valid photo identification required.

    Policy & regulationRules & requirementsCurrency and cash management
  • 2026-04-20United Arab EmiratesGeneral Pension and Social Security Authority

    United Arab Emirates General Pension and Social Security Authority reviews strategic priorities and reports AED 2.6 billion in first quarter pension payments

    The General Pension and Social Security Authority board reviewed strategic priorities to improve services for insured members and pensioners and support long-term financial sustainability, while approving subcommittee resolutions, investment and financial reports, and appointing an external auditor. It reported pension payments of AED 2.6 billion in the first quarter of 2026, up from AED 2.4 billion a year earlier, linked to growth in the insured population to 184,522 individuals and 24,667 registered employers as of March 2026.

    Institutional developmentGovernanceOther
  • 2026-04-20MalaysiaMalaysia Securities Commission

    Malaysia Securities Commission and Bursa Malaysia launch MY Value Up Programme for 88 large public-listed companies

    The Securities Commission Malaysia and Bursa Malaysia have launched the MY Value Up Programme to help public-listed companies enhance long-term value creation and global investment appeal, in line with the Capital Market Masterplan 2026–2030. Targeting 88 companies representing 80% of Bursa Malaysia’s market capitalisation, each with a minimum market capitalisation of MYR 4 billion, the initiative focuses on clearer mid- to long-term strategies, stronger performance discipline and deeper investor engagement to support forward-looking disclosures, investor confidence and price discovery.

    Policy & regulationImplementation, projects & pilotsCorporate governance
  • 2026-04-20PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports a US$2.6 billion March balance of payments deficit and GIR of US$106.6 billion

    The Central Bank of the Philippines reported a balance of payments deficit of USD 2.6 billion in March 2026 and an overall deficit of USD 5.3 billion for January to March 2026. Gross international reserves declined to USD 106.6 billion at end-March, equivalent to 7.0 months of imports and 3.9 times short-term external debt, with the central bank highlighting reserves as a key buffer for external liquidity.

    Data & statisticsBalance of payments and other external statistics
  • 2026-04-20ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission consults on derivatives licensing changes to let digital asset operators expand into digital asset referenced derivatives without new entities

    The Thailand Securities and Exchange Commission has launched a public consultation on proposed revisions to the licensing framework for derivatives businesses, including allowing digital asset business operators to obtain derivatives licences without establishing new legal entities. The proposals aim to support derivatives referencing digital assets, broaden investor access to hedging products, and move toward a more unified supervisory standard, with updated licensing criteria, enhanced conflict-of-interest controls for digital asset exchanges seeking derivatives licences, and strengthened regulatory requirements for derivatives exchanges and clearing houses.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2026-04-20IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority registers first foreign family office Family Investment Fund under the 2025 Fund Management Regulations

    The India International Financial Services Centres Authority has registered the first foreign family office as a Family Investment Fund under the IFSCA (Fund Management) Regulations, 2025, allowing it to operate from GIFT International Financial Services Centre. The authority views this as a step toward building a regulatory framework for foreign family offices and private wealth structures and enhancing GIFT IFSC’s appeal as a domicile for cross-border family wealth and international fund management.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-04-20United Arab EmiratesUAE Securities & Commodities Authority

    UAE Securities & Commodities Authority joins international action week and reports 171 licensed financial influencers reaching 24.6 million followers

    The UAE Securities and Commodities Authority is participating in the International Week of Action Against Illegal Financial Influencers, targeting misleading financial content, unlicensed investment advice and online fraud. It reported that 171 financial influencers are now accredited under its licensing framework, an increase of over 1,800% since launch, with a combined reach of more than 24.6 million followers. During the initiative, the authority and accredited influencers are coordinating awareness messages on financial literacy, responsible investment decisions and the risks of online misinformation.

    Financial literacy & educationConsumer and investor protectionFinancial literacy and education
  • 2026-04-20AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission opens consultation on updated guidance for financial market operators, trade repositories and benchmark administrators under FMI reforms

    The Australian Securities & Investments Commission has opened a consultation on draft updates to Regulatory Guides 172, 249 and 268 to reflect implementation of the Government’s financial market infrastructure reforms under the Treasury Laws Amendment (Financial Market Infrastructure and Other Measures) Act 2024. The revisions align guidance with ASIC’s enhanced licensing, supervisory and enforcement powers, the reallocation of certain powers between the Minister and ASIC, and expanded oversight of foreign financial market infrastructure operators with a significant Australian nexus.

    Policy & regulationGuidance & interpretationMarket infrastructure
  • 2026-04-20South KoreaSouth Korea Financial Services Commission

    South Korea Financial Services Commission relaxes network separation rule to allow specified SaaS use without regulatory sandbox approval

    The South Korea Financial Services Commission has revised supervisory rules to let financial companies and electronic financial service providers use cloud-based SaaS for administrative and back-office functions without regulatory sandbox approval and to exempt such use from internal network separation rules, subject to security conditions. The exemption excludes SaaS handling personal identification or personal credit information, and pseudonymized personal data still requires sandbox approval. Firms must implement enhanced information security controls, including Financial Security Institute pre-screening and semi-annual compliance evaluations.

    Policy & regulationRules & requirementsFintech and insurtechRegulatory burden
  • 2026-04-20PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines convenes ASEAN roundtable on financial health frameworks and digital fraud safeguards

    The Central Bank of the Philippines hosted the virtual ASEAN High-Level Roundtable on Financial Health, focusing on financial health initiatives, measurement frameworks and policy priorities, including consumer protection and efforts to combat digital fraud. Senior officials highlighted the need to view financial health as household resilience, embed it in central banking and national strategies, and strengthen safeguards as digitalisation accelerates. Advancing financial health was positioned as one of the Philippines’ key economic deliverables as ASEAN Chair for 2026.

    Policy & regulationCooperationConsumer and investor protectionFinancial inclusion
  • 2026-04-20HondurasCentral Bank of Honduras

    Central Bank of Honduras reports USD 947.8 million increase in net international reserves and import cover rising to 6.8 months

    The Central Bank of Honduras reported that net international reserves increased by USD 947.8 million between 27 January and 17 April 2026, raising import coverage from 6.2 to 6.8 months. Reserves rose from USD 10,305.8 million to USD 11,253.6 million over the period, with consistently positive weekly changes.

    Data & statisticsBalance of payments and other external statistics
  • 2026-04-20AustraliaReserve Bank of Australia

    Reserve Bank of Australia survey shows cash use stabilised at 15% of payments and one-third would face hardship if access declined

    The Reserve Bank of Australia’s 2025 Consumer Payments Survey shows transactional cash use has stabilised, with cash still used for day-to-day payments and as a backup. Around one-third of Australians would face hardship or major inconvenience if cash access or acceptance were constrained. In 2025, cash made up about 15% of payments by number (8% by value), with higher use among older and lower income Australians. Perceived convenience declined amid fewer bank branches and bank-owned ATMs, and merchants reported operational challenges despite broad acceptance. Policy measures include a government mandate for cash acceptance at grocery stores and petrol stations from 1 January 2026 and the RBA’s removal of surcharging on designated payment networks from 1 October 2026, expected to have a modest impact on cash usage.

    ResearchPayments and payment systems
  • 2026-04-20EcuadorCentral Bank of Ecuador

    Central Bank of Ecuador and Financial and Monetary Policy Board present 2025 accountability results including 21 resolutions and reserves near USD 9.8 billion

    The Central Bank of Ecuador and the Financial and Monetary Policy and Regulation Board presented their 2025 accountability report, highlighting 21 resolutions, including financial relief measures and updates to technical instruments to support financial system solidity. The Central Bank reported international reserves near USD 9.8 billion, consolidated liquidity facilities of USD 3.34 billion, institutional equity of USD 4,333.9 million and gold purchases from small-scale and artisanal miners exceeding USD 73.30 million. The update also noted new strategic partnerships and the development of analytical tools, including a macroeconomic environment platform and Ecuador’s Monthly Economic Activity Indicator.

    Policy & regulationRules & requirementsAuditing
  • 2026-04-20United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission proposes Form PF changes to raise private fund reporting thresholds and mandate five-year recalibration

    The U.S. Securities and Exchange Commission has proposed amendments to Form PF to scale back and refocus private fund reporting so the Commission and the Financial Stability Oversight Council receive data needed to monitor systemic risk and protect investors, without expanding substantive regulation of private funds. The proposal responds to the 2024 Form PF amendments, would raise reporting thresholds for all filers and large hedge fund advisers, and require the SEC to review Form PF thresholds at least every five years.

    Policy & regulationRules & requirementsRegulatory burden
  • 2026-04-20United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission seeks comment on SIFMA inter-affiliate exemption relief and reopens IIB extraterritorial request for the Treasury clearing mandate

    The U.S. Securities & Exchange Commission published for comment a Securities Industry and Financial Markets Association request for exemptive relief to modify the Treasury Clearing Rule’s inter-affiliate exemption and reopened the comment period on an Institute of International Bankers request on the extraterritorial application of the Trade Submission Requirement. The SIFMA request would broaden affiliates eligible for the exemption and add an activity-based threshold for certain non-U.S. affiliate repo transactions, while the IIB request targets trades executed entirely outside the United States between non-U.S. institutions. The SEC is seeking data-driven feedback on liquidity, competition and how the potential exemptions interact ahead of the Treasury Clearing Rule compliance dates.

    Policy & regulationRules & requirementsMarket infrastructure
  • 2026-04-20AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission sets 18-month roadmap to consult on standards and guidance for licensing digital asset and tokenised custody platforms

    The Australian Securities & Investments Commission published an implementation roadmap for the Corporations Amendment (Digital Assets Framework) Act 2026, which will bring digital asset and tokenised custody platforms into the financial services licensing regime from 9 April 2027. Over the next 18 months ASIC will consult on and set operational, asset-holding, transactional, settlement and financial standards, update licensing guidance, and open licence applications with interim relief, while the existing INFO 225 no-action position will expire in June 2026 and entities must comply with current licensing requirements during the transition.

    Policy & regulationImplementation, projects & pilotsLicensing framework and process
  • 2026-04-20United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Minority Staff releases report flagging gaps in Kevin Warsh’s financial disclosures ahead of Fed chair hearing

    The U.S. Senate Banking Committee Minority Staff published a report on Federal Reserve Chair nominee Kevin Warsh’s financial disclosures and ethics agreements, raising concerns over transparency of his wealth sources, divestiture plans, and potential conflicts of interest. The report also highlights Warsh’s ties to investor Stanley Druckenmiller, references to his name in the Epstein files, and follows Democrats’ calls to delay the nomination hearing amid what they describe as pretextual Justice Department probes into Jerome Powell and Lisa Cook.

    ResearchOther
  • 2026-04-20United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member asks SEC to investigate alleged insider trading tied to Defense Secretary Hegseth

    Senator Elizabeth Warren, Ranking Member of the Senate Banking Committee, has asked SEC Chairman Paul Atkins to investigate reported trading by a broker for Defense Secretary Pete Hegseth ahead of U.S.-Israel attacks on Iran. The letter cites attempted purchases of millions of shares in a defense industry fund and warns of potential misuse of highly sensitive, material non-public information, with implications for insider trading enforcement, market integrity and national security.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2026-04-20ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission to start second season of its ‘You can also invest’ financial education video series in May

    The Argentina Securities Commission (CNV) will launch a second season of its financial education audiovisual series “Vos también podés invertir. Si estás informado, tomás mejores decisiones” to provide clear information on Argentina’s capital markets and their regulation. The new season will deepen coverage of market participants, the functions of different actors, the importance of operating only with registered agents and PSAVs, and investor protection, highlighting how CNV rules promote simplification, predictability and a clear framework for all participants.

    Financial literacy & educationFinancial literacy and education
  • 2026-04-19Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Dominican Republic's Superintendency of Banks orders DOP 33.2 million in customer refunds following 1,741 complaints in Q1 2026

    The Superintendency of Banks of the Dominican Republic, through its Office of User Services and Protection (ProUsuario), ordered financial institutions to return DOP 33.2 million to users between January and March 2026, bringing total refunds since August 2020 to DOP 728.3 million. The first-quarter refunds stemmed from 1,741 complaints, 62% resolved in favour of users, mainly related to unrecognized purchases, erroneous or unrecognized transfers, unrecognized cash withdrawals, and cash debited but not dispensed by ATMs.

    SupervisionInterventionsConsumer and investor protection
  • 2026-04-19United Arab EmiratesMinistry of Finance (United Arab Emirates)

    United Arab Emirates Ministry of Finance outlines outcomes from IMF and World Bank Spring Meetings across G20, IMFC and BRICS engagements

    The UAE Ministry of Finance reported on its delegation’s participation in the World Bank Group and IMF Spring Meetings, engaging in G20, International Monetary and Financial Committee and regional discussions on global economic developments, financial stability and fiscal policy. The delegation also joined BRICS meetings on cooperation among emerging economies and expanded financial and economic partnerships. The Ministry said it will translate these engagements into initiatives aligned with the UAE’s economic priorities and financial system.

    Policy & regulationCooperationOther
  • 2026-04-19GeorgiaNational Bank of Georgia

    National Bank of Georgia joins World Bank Spring Meetings discussion on women’s access to finance and cites higher board gender quotas

    The National Bank of Georgia reported that Governor Natia Turnava joined a World Bank discussion of female central bank governors on expanding women entrepreneurs’ access to banking services and finance. Participants examined challenges, credit guarantee schemes, wider use of electronic payment instruments, equity co-financing and a World Bank programme to improve access to finance, while Turnava highlighted domestic measures including higher gender quotas in supervisory boards of commercial banks and microbanks.

    Policy & regulationCooperationDiversity and inclusion
  • 2026-04-19EuropeEuropean Banking Federation

    European Banking Federation urges European Commission to reverse capital requirement compounding and cut gold-plating in competitiveness consultation response

    The European Banking Federation has responded to the European Commission’s consultation on EU banking sector competitiveness, arguing that competitiveness should be enhanced by improving capital efficiency and freeing up “trapped” capital rather than increasing capital levels. It estimates that EU gold-plating, supervisory practices and national discretions add up to 66% to Basel minimum requirements, criticises the complexity and size of macroprudential buffers, and calls for capital allocation rules that better reflect market and business criteria. The EBF urges swift implementation of key Draghi and Letta report recommendations and signals continued engagement with policymakers on the reform agenda.

    Policy & regulationReform agendas & prioritiesCapital adequacyPrudential risks
  • 2026-04-19GhanaBank of Ghana

    Bank of Ghana launches maiden diaspora remittance roundtable and outlines shift to investment-focused flows as 2025 remittances near USD 7.8 billion

    The Bank of Ghana outlined its strategy to channel growing remittance inflows into formal foreign exchange and investment-oriented diaspora capital at a Diaspora Remittance Roundtable in the Washington DC–Maryland–Virginia area. It highlighted measures to enhance formal remittance capture, transparency and data quality, and is exploring diaspora bonds, structured investment vehicles, foreign-currency products and fintech partnerships, including tokenisation-based models, within a regulatory framework. The roundtable will identify bankable diaspora opportunities, co-create financial solutions, inform policy and regulatory adjustments, and develop targeted diaspora instruments and digital payment ecosystems.

    Policy & regulationReform agendas & prioritiesCross-border payments
  • 2026-04-19EgyptCentral Bank of Egypt

    Central Bank of Egypt highlights AML/CFT Unit talks with the UN Peacebuilding Support Office to strengthen cooperation against financial crime

    The Central Bank of Egypt reported that Egypt’s Anti-Money Laundering and Counter Terrorist Financing Unit hosted a high-level delegation from the UN Peacebuilding Support Office in Cairo to deepen cooperation on combating financial crimes and supporting peacebuilding. Discussions covered links between organised crime, corruption and money laundering, capacity building and staff awareness with an emphasis on women’s participation, and alignment of Egypt’s AML/CFT framework with Financial Action Task Force standards. Both sides agreed to intensify coordination and enhance institutional frameworks.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-19SyriaCentral Bank of Syria

    Central Bank of Syria governor meets UK Foreign, Commonwealth & Development Office minister to discuss engagement and coordination

    The Central Bank of Syria reported that Governor H.E. Dr. Abdulkader AlHusrieh met with UK Minister of State (International Development and Africa) Baroness Jennifer Chapman at the UK Foreign, Commonwealth & Development Office. The meeting focused on opportunities for engagement between the United Kingdom and Syria and mechanisms to enhance bilateral coordination.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-19SyriaCentral Bank of Syria

    Central Bank of Syria meets Banque de France to discuss opening an account at the French central bank

    The Central Bank of Syria reported that Governor Dr. Abdulkader Hussrieh met Banque de France Director General for Operations and Financial Stability Ivan Odonnat. The parties discussed the possibility of opening an account for the Central Bank of Syria at the French central bank.

    Monetary policyMonetary policy instruments & operationsCross-border cooperation
  • 2026-04-19SyriaCentral Bank of Syria

    Central Bank of Syria participates in regional meeting with IMF Managing Director on war impacts and economic resilience

    The Central Bank of Syria reported that a Syrian delegation led by Central Bank Governor Dr Abdul Qader Al-Hassariyeh and Finance Minister Yusr Barnieh attended a meeting with several Middle East central bank governors, finance ministers and the International Monetary Fund Managing Director Kristalina Georgieva. Discussions focused on the effects of war on the region and ways to maintain economic resilience.

    Policy & regulationCooperationDomestic cooperationFinancial stability and systemic risk
  • 2026-04-19AlbaniaBank of Albania

    Bank of Albania reviews Albania’s outlook and advances cooperation on central bank law reform and payments integration at the IMF and World Bank Spring Meetings

    The Bank of Albania reported on Governor Gent Sejko’s participation in the IMF and World Bank Spring Meetings, where he discussed Albania’s macroeconomic performance, banking sector conditions and priorities for continued cooperation with the IMF, World Bank and IFC. Discussions covered IMF technical assistance on a new draft law for the Bank of Albania and alignment with the EU acquis, financial-sector projects including payments system modernisation and European standards, and regional initiatives such as SEPA implementation and the TIPS Clone project.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-19PalestinePalestine Monetary Authority

    Palestine Monetary Authority reports modest 0.19% quarterly rise in Residential Property Price Index in first quarter 2026

    The Palestine Monetary Authority published first-quarter 2026 Residential Property Price Index data showing broadly stable residential prices, up 0.19% quarter-on-quarter to 108.4 points and 1.2% year-on-year. The House Price Index rose 0.81% to 109.3 points while the Apartment Price Index declined 0.84% to 107.8 points, with the data excluding the Gaza Strip due to the ongoing Israeli attack since October 2023.

    Data & statisticsEconomic data and developments
  • 2026-04-19IrelandDepartment of Finance (Ireland)

    Ireland's Department of Finance commences a sector-led Credit Union Strategy Project and appoints independent chairs

    The Department of Finance (Ireland) has launched the Credit Union Strategy Project to develop the first sector-wide strategy for Ireland’s credit union movement, led by the sector with operational support from the Department. Two independent chairs will oversee governance and strategy development, with participation from credit union representative bodies, the Central Bank of Ireland and other stakeholders, and initial work will focus on terms of reference, governance arrangements and an engagement workplan.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-04-19JordanJordan Securities Commission

    Jordan Securities Commission updates on virtual asset rulemaking and highlights renewed mutual fund and sukuk activity

    The Jordan Securities Commission chair outlined recent capital-market developments and regulatory priorities, highlighting investor-protection efforts and completion of the core framework for virtual assets, with executive instructions and operating models issued and licence applications under review. He noted the registration of two mutual funds, approval of the first private-sector Islamic sukuk by a bank-owned finance company, a Cabinet-approved municipal sukuk project by Greater Amman Municipality of up to JOD 1 billion, and prior government sukuk issuance of close to JOD 2 billion. Market indicators cited included Amman Stock Exchange capitalisation of around JOD 28 billion (up 44%), listed-company profits of around JOD 2.3 billion with about JOD 1.2 billion distributed, average daily trading of roughly JOD 9–12 million, and foreign ownership of about 47%.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2026-04-19AsiaEurasian Group (EAG)

    Eurasian Group to hold international AML forum in St. Petersburg on public-private partnership and FATF mutual evaluations

    The Eurasian Group announced that it will hold a joint international AML forum in St. Petersburg, Russia, from 22 to 24 April 2026. The event will focus on strengthening public-private partnership and international cooperation, with discussions covering FATF mutual evaluations, supervisory tools, compliance technology and cross-border cooperation.

    Policy & regulationCooperationAML and CFTCross-border cooperation
  • 2026-04-19South KoreaMinistry of Economy & Finance (South Korea)

    South Korea’s Ministry of Economy and Finance meets US Treasury to advance strategic investment cooperation and coordinate on won volatility

    South Korea’s Ministry of Economy and Finance said Deputy Prime Minister Koo Yun-cheol met U.S. Treasury Secretary Scott Bessent in Washington, D.C. to discuss Korea–US investment cooperation, foreign exchange market developments, and supply chain issues including critical minerals, agreeing excessive volatility in the Korean won is undesirable. Koo highlighted implementing the Korea–US strategic investment MOU, including a special act on strategic investment management and a KRW 26.2 trillion supplementary budget, and backed U.S. G20 priorities on global growth and AI-focused human capital investment. They agreed to continue consultations on foreign exchange markets.

    Policy & regulationCooperationForeign exchange policy and markets
  • 2026-04-19South KoreaMinistry of Economy & Finance (South Korea)

    South Korea's Ministry of Economy and Finance outlines fiscal and AI-era reform priorities at IMFC and G7 meetings and discusses AI capacity-building cooperation with the IMF

    South Korea’s Ministry of Economy and Finance said Deputy Prime Minister Koo Yun-cheol attended the International Monetary and Financial Committee and G7 sessions in Washington, focusing on policy responses to the Middle East war, structural reforms amid the AI transition, and the IMF’s role in multilateral macroeconomic coordination. Koo backed fiscal soundness while aiding vulnerable sectors, detailed a supplementary budget that avoids new national debt, and urged joint action by surplus and deficit economies on global imbalances and critical minerals. In a meeting with IMF Managing Director Kristalina Georgieva, he outlined Korea’s plan to support AI innovation capacity-building for vulnerable countries through a global AI hub, and both sides agreed to explore closer cooperation.

    Policy & regulationCooperationCross-border cooperationMonetary policy decisions and developments
  • 2026-04-18AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission holds ISAF lecture on disseminating general capital markets statistics

    The Angola Capital Markets Commission delivered a lecture at the Institute of Administration and Finance on the dissemination of general capital market statistics as part of its market-promotion activities. Targeting students and faculty, the session highlighted the role of statistical data in analysing economic and financial information and presented key trends and indicators influencing capital market behaviour in Angola and globally.

    Financial literacy & educationFinancial literacy and education
  • 2026-04-18SerbiaMinistry of Finance (Serbia)

    Serbia's Ministry of Finance presents National Development Strategy to 2035 with EUR 48bn planned investments

    The Ministry of Finance (Serbia) presented a National Development Strategy through 2035, a growth acceleration programme anchored by EUR 48 billion in planned investments, including a EUR 17 billion 2030 Development Programme and EUR 31 billion for 2030–2035. Priorities include technology adoption, education and labour force development, healthcare, family support and infrastructure, with projections such as GDP exceeding EUR 100 billion in 2027 and EUR 133 billion in 2030, public debt at 41.5% of GDP, and unemployment at 8.7% in 2025. The Serbian Chamber of Commerce and Industry will continue state–business dialogue via its Center for Economic Initiatives and Quick Solutions, focusing on capital market development, fiscal policy and tackling the grey economy.

    Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
  • 2026-04-18MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro tells World Bank TIPS Clone instant payments platform remains on track for 20 July 2026 launch

    The Central Bank of Montenegro reported meetings with senior World Bank officials during the IMF/World Bank Annual Meetings, confirming the TIPS Clone instant payments project is on track for launch on 20 July 2026. Discussions covered implementing Montenegro’s 2025–2029 Country Partnership Framework, including structural reforms, institutional capacity building and investment in infrastructure, energy transition and human capital, with payment system modernisation seen as key to aligning with European payment standards and deeper integration into the single European financial and economic market.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2026-04-18MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro presents completion of 2025 EU agenda commitments and progress on SEPA and TIPS Clone payment reforms

    The Central Bank of Montenegro used the IMF and World Bank Annual Meetings to report full implementation of its 2025 EU agenda commitments in banking supervision, payment systems, anti-money laundering and counter-terrorist financing, and bank resolution, noting that Montenegro’s accession to the Single Euro Payments Area is generating significant savings for citizens and businesses. It also reviewed regional progress on the TIPS Clone instant payment project with Western Balkan central banks, Banca d’Italia and the World Bank, and presented its WE Finance Code framework to improve access to finance for women entrepreneurs amid broader discussions on global risks and geopolitical spillovers.

    Policy & regulationImplementation, projects & pilotsCross-border cooperationPayments and payment systems
  • 2026-04-18MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority consults on draft rules for alternative investment fund licensing, audits and valuation

    The Montenegro Capital Market Authority has published for consultation three draft implementing rules for alternative investment funds, covering licensing, audit arrangements and asset valuation under the Law on Alternative Investment Funds. The proposals set out requirements for authorisation of funds and their managers, auditor selection and audit scope, and methodologies for determining asset values, net asset value and unit or share prices, aiming to enhance transparency, investor protection and alignment with EU practice.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2026-04-18MadagascarMinistry of Finance (Madagascar)

    Madagascar's Ministry of Finance reports outcomes of World Bank Africa Group II governors meeting including IDA21 USD 100bn replenishment

    Madagascar’s Ministry of Finance reported on its participation in the World Bank Group Africa Group II Governors’ meeting, where ministers urged stronger World Bank support to bolster resilience, public management capacity and economic transitions amid weaker global growth and rising climate shocks. The readout highlighted World Bank growth projections, the USD 100bn IDA21 replenishment effective 1 July 2025, the Mission 300 electricity access initiative, increased commitments for Africa Group II countries, and governors’ priorities including faster budget support, greater private-sector mobilisation and better-tailored instruments for small island states.

    Policy & regulationReform agendas & prioritiesEconomic data and developments
  • 2026-04-18South AfricaNational Credit Regulator

    South Africa's National Credit Regulator requires registered credit providers to submit language policy proposals and sets five and twelve month deadlines

    The National Credit Regulator issued Circular 02 of 2026 reminding registered credit providers of their obligation under section 63 of the National Credit Act to provide required documents in an official language consumers can understand. As a registration condition, providers must submit a language policy specifying at least two official languages for key documents and customer interactions, which the regulator will approve or return for revision. Approved policies will undergo a second-year implementation review, including how consumer language preferences are accommodated and how consumers can access the policy.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2026-04-18AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission delivers capital markets regulation and supervision training for Angola Bar Association lawyers

    The Angola Capital Markets Commission held a three-hour capacity-building session for trainee lawyers and members of the Angola Bar Association on the functioning, regulation and supervision of Angola’s capital markets. The module covered the legal, regulatory and institutional framework, the Commission’s powers and supervisory activities, key obligations for market participants, and the regime for offences and sanctions, as part of institutional cooperation with the Bar Association.

    Institutional developmentCooperation & capacity buildingFinancial literacy and education
  • 2026-04-18KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo joins World Bank roundtable to assess readiness for the TIPS Clone instant payments platform

    The Central Bank of the Republic of Kosovo reported on its participation in a World Bank Group roundtable on implementing the Target Instant Payments Settlement (TIPS) Clone platform, reviewing progress and ecosystem readiness ahead of the planned 2026 launch. The Bank of Italy and five Western Balkan central banks, including Kosovo’s, updated on finalising TIPS Clone systems and on institutional, technical and regulatory preparations, with Kosovo highlighting benefits for faster, more secure payments, regional integration, alignment with European payment standards, and the need for continued support.

    Policy & regulationImplementation, projects & pilotsCross-border cooperationPayments and payment systems
  • 2026-04-18KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo updates the IMF on financial stability and structural reform priorities

    The Central Bank of the Republic of Kosovo reported on Governor Ahmet Ismaili’s meeting with IMF European Department Director Alfred Kammer during the 2026 Spring Meetings, where financial-sector developments, stability and structural reforms were discussed. The governor highlighted Kosovo’s economic resilience, a well-capitalised and liquid banking sector with low non-performing loans, and reforms to digitalise financial services and strengthen regulation, including support for IMF capacity-building initiatives such as the planned Regional Technical Assistance Center.

    Policy & regulationCooperationCross-border cooperation
  • 2026-04-18KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo governor attends IMF International Monetary and Financial Committee plenary at 2026 Spring Meetings

    The Central Bank of the Republic of Kosovo reported that Governor Ahmet Ismaili represented Kosovo at the closed plenary meeting of the International Monetary and Financial Committee during the 2026 IMF and World Bank Spring Meetings. Discussions focused on global growth prospects, inflation, financial stability risks, monetary and fiscal policy, financial sector vulnerabilities, and sustainable and inclusive growth, with Governor Ismaili engaging counterparts on the global outlook and financial-sector resilience.

    OtherCross-border cooperation
  • 2026-04-18KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo joins IMF constituency meeting on financial stability and external shocks

    The Central Bank of the Republic of Kosovo reported that Governor Ahmet Ismaili participated in an International Monetary Fund constituency meeting on financial stability and global challenges, including external shocks, inflationary pressures and emerging banking sector risks. The constituency, which includes Austria, the Czech Republic, Hungary, Slovakia, Slovenia and Türkiye, reviewed progress, discussed actions to mitigate external shocks, and received Kosovo’s support for nominating a new constituency director ahead of the current director’s mandate ending in the fourth quarter of 2026.

    Policy & regulationCooperation
  • 2026-04-18KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo governor joins IMF-led Regional Economic Outlook meeting to close 2026 Spring Meetings

    The Central Bank of the Republic of Kosovo reported that Governor Ahmet Ismaili participated in a closed Regional Economic Outlook meeting with central bank governors and finance ministers during the 2026 Spring Meetings in Washington, DC, chaired by IMF European Department Director Alfred Kammer. Discussions covered elevated global uncertainty, ongoing conflicts, external shocks, persistent inflationary pressures and spillover risks, and potential monetary and fiscal policy responses.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
  • 2026-04-18UzbekistanMinistry of Finance (Republic of Uzbekistan)

    Ministry of Finance of the Republic of Uzbekistan shares PPP reform priorities at World Bank and IMF Spring Meetings roundtable

    Uzbekistan’s Ministry of Finance reported that Deputy Minister Ilhom Umrzakov joined a Washington roundtable on global lessons for public-private partnerships, outlining reforms to develop PPP mechanisms, attract private investment and finance infrastructure projects. Held alongside the World Bank Group and IMF Spring Meetings, the discussion covered PPP implementation challenges, ESG factors and the role of international financial institutions, and produced recommendations on effective PPP models, bank–investor cooperation and improving project preparation.

    Policy & regulationCooperationMarket development
  • 2026-04-18LibyaCentral Bank of Libya

    Central Bank of Libya reviews De La Rue delivery schedule for new LYD 5 LYD 10 and LYD 20 banknotes ahead of Eid al-Adha

    The Central Bank of Libya reviewed with De La Rue the printing and shipment schedule for new LYD 5, LYD 10 and LYD 20 banknotes to help ensure liquidity supply ahead of Eid al-Adha. De La Rue also presented an award recognizing the LYD 20 note as Best Banknote Design in the World 2025.

    Monetary policyMonetary policy instruments & operationsCurrency and cash management
  • 2026-04-18LuxembourgMinistry of Finance (Luxembourg)

    Luxembourg Ministry of Finance promotes multilateral cooperation, energy price monitoring and private capital mobilisation at IMF and World Bank Spring Meetings

    Luxembourg’s Ministry of Finance reported that Finance Minister Gilles Roth attended the IMF and World Bank Spring Meetings in Washington, D.C., where discussions focused on macroeconomic stability and financial resilience amid geopolitical tensions and uncertainty over the economic outlook and energy prices. Roth held bilateral meetings with several counterpart countries and multilateral development banks, including on Luxembourg–Asian Infrastructure Investment Bank cooperation, and joined a working dinner on mobilising private capital, sustainable investment and governance. He also took part in an IMF high-level event on the new South East Europe Technical Assistance Centre, which will support institutional strengthening and EU alignment in beneficiary countries with Luxembourg’s backing.

    Policy & regulationCooperationGeopolitical riskFinancial stability and systemic risk
  • 2026-04-18GeorgiaNational Bank of Georgia

    National Bank of Georgia Governor highlights shift to a risk management monetary policy framework at IMF–World Bank Spring Meetings

    The National Bank of Georgia reported that Governor Natia Turnava participated in an IMF–World Bank Spring Meetings roundtable on managing macroeconomic and financial stability risks during regional conflict. She noted that from early 2025 the National Bank of Georgia has adopted a risk management approach to monetary policy, using alternative risk scenarios alongside the central projection to guide decisions, and underscored the importance of prudent policy, strong fundamentals, systematic risk assessment and transparent communication amid elevated uncertainty and supply-side inflation shocks.

    Monetary policyMonetary policy framework & strategyGeopolitical riskFinancial stability and systemic risk
  • 2026-04-18ColombiaCentral Bank of Colombia

    Central Bank of Colombia debunks AI-manipulated fake interview circulating on social media

    The Central Bank of Colombia warned that a social media post falsely depicting an interview with its Governor on Noticias RCN was created using artificial intelligence to manipulate his image and spread misinformation. The Bank rejected the content as non-official, cautioned that such posts can lead to errors or fraud, and urged the public to verify sources, avoid sharing personal data via untrusted links, and rely only on its official channels.

    SupervisionAlertsMonetary policy decisions and developments
  • 2026-04-18Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina Governor sets out 2026–27 inflation and growth expectations at IMF regional meeting

    Central Bank of Bosnia and Herzegovina Governor Jasmina Selimović joined a closed Washington meeting of finance ministers and central bank governors from 19 Central, Eastern and Southeastern European countries on the IMF’s European outlook. She presented preliminary projections of rising inflation and slowing activity in 2026, with gradual improvement in 2027 if external shocks ease. She highlighted vulnerabilities of small open economies and urged structural reforms, lower operating costs and removal of barriers to competitiveness, stressing that central banks must prioritize economic stability amid complex inflation shocks, weak productivity and global uncertainty.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
  • 2026-04-18IndonesiaOJK

    Indonesia Financial Services Authority instructs BNI to complete remediation of alleged customer fund irregularities at its Aek Nabara sub-branch

    The Indonesia Financial Services Authority (OJK) has ordered PT Bank Negara Indonesia (Persero) Tbk to promptly and transparently resolve alleged customer fund irregularities at its Aek Nabara sub-branch, including verification of affected accounts and regular reporting. The bank has coordinated with law enforcement, secured suspected assets, and refunded IDR 7 billion to customers, while OJK monitors settlement of remaining funds. OJK has also instructed an internal investigation into compliance, internal controls and governance, and signalled potential supervisory action if breaches are found.

    SupervisionInterventionsClient asset custody and safekeeping
  • 2026-04-18GeorgiaNational Bank of Georgia

    National Bank of Georgia outlines macroeconomic resilience and monetary policy stance at IMF World Bank Spring Meetings

    The National Bank of Georgia reported on President Natia Turnava’s participation with Finance Minister Lasha Khutsishvili in a regional roundtable and investor meetings during the IMF and World Bank Spring Meetings, where they presented Georgia’s macroeconomic outlook and policy priorities. Discussions covered global growth, inflation, geopolitical risks and regional cooperation, with Turnava highlighting strong growth, a historically low current account deficit, improved external buffers, cautious monetary policy, higher reserves, reduced dollarization, and the IMF’s positive assessment of Georgia’s macroeconomic indicators and buffers.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsFinancial stability and systemic risk
  • 2026-04-18GeorgiaNational Bank of Georgia

    National Bank of Georgia shifts monetary policy formulation to a risk-management approach from early 2025

    The National Bank of Georgia detailed its management of macroeconomic and financial stability risks amid regional conflict and global uncertainty, highlighting a formal shift in its monetary policy process to a risk-management approach. Policy decisions now incorporate risk-scenario analysis alongside the central outlook, supported by systematic risk assessment and transparent communication on how policy would respond to different potential developments.

    Monetary policyMonetary policy framework & strategyFinancial stability and systemic riskMacroprudential policy and tools
  • 2026-04-18Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina governor presents preliminary 2026-27 inflation and growth outlook at IMF regional meeting

    Central Bank of Bosnia and Herzegovina Governor Jasmina Selimović joined a closed IMF-related meeting of finance ministers and central bank governors from 19 Central, Eastern and Southeastern European countries, presenting preliminary projections of higher inflation and slower economic activity in Bosnia and Herzegovina in 2026, with gradual improvement in 2027 if external shocks ease. She highlighted the vulnerabilities of small, open economies to energy price disruptions and shifting trade flows, calling for structural reforms, lower operating costs and removal of barriers to competitiveness, and stressed that central banks must stay focused on preserving economic stability amid complex inflation shocks, productivity slowdown and elevated global uncertainty.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
  • 2026-04-18SerbiaNational Bank of Serbia

    National Bank of Serbia participates in International Monetary Fund and World Bank Group Spring Meeting talks on Europe’s economic outlook

    The National Bank of Serbia reported on Serbia’s participation in an IMF–World Bank Spring Meeting session on Europe’s economic outlook, focused on Central, Eastern and Southeastern Europe. Discussions covered the impact of the changing global environment, including energy price risks from the Middle East conflict, trade policy shifts, industrial policy, defence spending, macroeconomic policy options and fiscal priorities. The update also referenced an IMF presentation in Belgrade highlighting productivity, single-market deepening, reduced regulatory burdens, artificial intelligence and higher research and development investment as competitiveness drivers.

    Policy & regulationOtherEconomic data and developments
  • 2026-04-18GeorgiaNational Bank of Georgia

    National Bank of Georgia participates in IMF roundtable and highlights cautious monetary policy and stronger external buffers

    The National Bank of Georgia reported that Governor Natia Turnava and Finance Minister Lasha Khutsishvili joined an IMF roundtable for Caucasus and Central Asia authorities during the IMF–World Bank Spring Meetings, discussing global growth, inflation, geopolitical risks and regional cooperation. Turnava highlighted Georgia’s strong macroeconomic position, including high growth, an improved external position, a current account deficit near a historical minimum, rising international reserves, reduced dollarization and a monetary policy focused on stable inflation expectations, with the IMF positively assessing Georgia’s macro indicators and buffers.

    Monetary policyMonetary policy assessments & outlooks
  • 2026-04-18AngolaMinistry of Finance (Angola)

    Angola's Ministry of Finance outlines World Bank financing operation to refinance debt and support education

    Angola’s Ministry of Finance detailed how new World Bank financing will help repay higher-cost debt, redirect savings to education, and advance public financial management and tax reforms, including a unified VAT and clearer regimes for companies and households. The minister cited ongoing system integration, infrastructure plans such as the Provita water project, stronger tax administration controls, and an upcoming oil price impact assessment, while the central bank governor reaffirmed a 2026 inflation target of 13.5%.

    Policy & regulationReform agendas & prioritiesOther
  • 2026-04-18PakistanState Bank of Pakistan

    State Bank of Pakistan briefs global investors on improved macro indicators and projects FX reserves at around USD 18 billion by June 2026

    The State Bank of Pakistan told international financial institutions and rating agencies that Pakistan’s macroeconomic indicators have improved, citing lower inflation, a current account surplus, higher foreign exchange reserves projected at around USD 18 billion by June 2026, stronger real GDP growth, and continued fiscal and monetary discipline, while noting new risks from the Middle East conflict. The Governor also referenced an IMF staff-level agreement under the Extended Fund Facility and Resilience and Sustainability Facility, and highlighted that Roshan Digital Account inflows have exceeded USD 12.4 billion after recent regulatory enhancements.

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