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2026-04-09•Europe•European Central Bank
The European Central Bank published updated euro area household and non-financial corporation accounts for the fourth quarter of 2025, showing unchanged annual growth in household financial investment at 2.5% and in non-financial corporation financing at 1.5%, alongside a faster increase in non-financial corporation gross operating surplus to 4.3%. Household net worth grew 4.7% with a lower debt-to-income ratio of 81.3%, while non-financial corporation debt-to-GDP declined to 65.6% and the wider non-consolidated debt measure to 135.7%. Data revisions extend back to the first quarter of 2022.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-09•Europe•European Central Bank
The European Central Bank has published Working Paper No 3217 analysing how the credit channel of monetary policy changes when firms face multiple financing constraints. Using U.S. firm-level and loan covenant data, the paper finds that firms with several tight constraints drive an asymmetry whereby contractionary shocks cause larger declines in external financing and investment than the increases observed after equally sized expansionary shocks, a result reinforced in a calibrated New Keynesian framework.
Research
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2026-04-09•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board published a joint report establishing common definitions and methodologies to measure EU banks’ capital buffer usability once interactions between prudential and resolution requirements, including MREL and TLAC, are taken into account. Using Q4 2024 data for 83 SSM resolution groups, the report shows average buffer usability of 45% under a baseline approach and 55% under a complementary approach, with G‑SIIs showing the lowest usability, and introduces an open-source Buffer Usability Simulation Tool to support consistent analysis.
Policy & regulationGuidance & interpretationCapital adequacy
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2026-04-09•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of a foreign exchange purchase auction held on 9 April 2026. Eight participants submitted satisfied bids ranging from USD 1,000,000 to USD 14,000,000 at a weighted-average rate of 9.5335 USD/TJS.
Monetary policyMonetary policy instruments & operationsOther
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2026-04-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that Hong Kong’s official foreign currency reserve assets fell to USD 430.8 billion at end-March 2026, or USD 430.5 billion including unsettled foreign exchange contracts, from USD 439.3 billion at end-February. The end-March total was over five times the currency in circulation and about 38% of Hong Kong dollar M3. The authority also published the April 2026 release calendar for four Exchange Fund data press releases under the IMF’s Special Data Dissemination Standard and for the Exchange Fund’s abridged balance sheet and Currency Board Account.
Data & statisticsBalance of payments and other external statistics
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2026-04-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued an alert highlighting bank press releases on fraudulent websites, fake internet banking login screens, phishing emails and other scams affecting several Hong Kong banks. 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 the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-04-09•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has strengthened cooperation with the Anti‑Money Laundering Office and the Central Investigation Bureau to enhance monitoring, fact-finding and coordinated operations to prevent misuse of capital and digital asset markets for illicit funds and financial or technology-related crimes. The initiative prioritises faster information exchange, expanded investigations, deeper analysis of identities, behaviours and fund flows, and ongoing measures to enhance KYC/CDD standards, risk management for high-risk customers, scrutiny of major shareholders and ultimate controlling persons, supervisory tools for tracking fund flows, and listed-company disclosure.
SupervisionCooperationAML and CFTCross-border cooperation
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2026-04-09•Israel•Ministry of Finance (Israel)
Israel’s Ministry of Finance announced final Knesset approval of the 2026 state budget, setting expenditure at about ILS 699 billion and raising the deficit ceiling to 4.9% of GDP, driven by a major increase in defence spending. The defence budget rises by ILS 32 billion to around ILS 143 billion, alongside widened personal income tax bands and a “small banks” reform to boost competition and lower borrowing costs. The budget also allocates additional funds for Gaza-border and northern community rehabilitation, reservist support, education, transport, AI and digitisation, health, and welfare.
Policy & regulationRules & requirementsOther
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2026-04-09•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency adopted multiple supervisory and licensing decisions, including authorising ELECTROCOIN d.o.o. as a crypto-asset service provider for exchange and custody services and instructing IN KAPITAL d.o.o. to remedy anti-money laundering and counter-terrorist financing deficiencies. The agency also closed an indirect supervisory procedure over TRIGLAV OSIGURANJE d.d., approved management board appointments at Allianz Hrvatska d.d. and InterCapital Digital Wealth Management d.o.o., granted actuary and insurance distribution licences, and recorded the cessation of two insurance distribution licences.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2026-04-09•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has published updated Mortgage Advice Guidance setting out practical expectations for mortgage advisers on delivering suitable mortgage credit advice, with greater emphasis on the adviser’s independent professional role and alignment with Article 4:23 of the Financial Supervision Act. The guidance covers the full advice process, reinforces the need to probe inconsistencies and make assumptions explicit, and introduces new themes on sustainability and relationship breakdown, while applying proportionality so work is tailored to each customer.
Policy & regulationGuidance & interpretation
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2026-04-09•Netherlands•Dutch Authority for the Financial Markets
Dutch Authority for the Financial Markets board member Jos Heuvelman has urged banks to proactively and carefully engage customers with interest-only mortgages, framing timely outreach as part of their duty of care despite European Central Bank pressure to reduce such portfolios. He argues that interest-only mortgages can remain appropriate where payments are affordable, citing Dutch pension assets as a mitigating factor, and calls for closer cooperation between banks and mortgage advisers to provide clear options and communication as mortgage terms near expiry or retirement.
Policy & regulationGuidance & interpretationLending
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2026-04-09•Iraq•Central Bank of Iraq
The Central Bank of Iraq published the results and auction details for Islamic certificates of deposit ICD164, ICD614 and ICD811 with tenors of 7, 14 and 182 days.
Monetary policyMonetary policy instruments & operationsOther
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2026-04-09•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Technology and Digital Transformation Department has awarded a VND 1.32bn consultancy contract to Sazion Technology Joint Stock Company to supervise implementation of its integrated IT system for regulatory management and supervision. The 12‑month lump-sum contract was procured via open domestic online competitive bidding, with the FPS Vietnam–Ha Thang consortium ranked second and a Viettel-led consortium responsible for detailed design and system build.
Institutional developmentProcurementOutsourcing and third-party risk management
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2026-04-09•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed individuals listed in an attached notice to pay a licensing fee of VND 1,000,000 per person for securities practice certificates, in line with the Ministry of Finance’s Circular 25/2022/TT-BTC. Fees may be paid by bank transfer or in person, with payment details required to identify the recipient. The Commission will cancel any certificate if the recipient does not complete the formalities to receive it within one year of the fee-payment notice.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-04-09•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic reported that Chairman Almaz Baketaev joined a government delegation to Kyrgyzaltyn JSC to review its operations and strategic plans, including production and retail sale of standard gold bars. Kyrgyzaltyn outlined investment projects exceeding USD 1bn and reported that its standard-bar plant, launched in August 2024, recouped its KGS 320m investment in under a year, with its retail outlet generating annual income above KGS 855m amid strong public demand for gold. The National Bank framed the visit as supporting cooperation with the gold sector in managing the country’s international reserves.
Policy & regulationCooperationOther
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2026-04-09•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) accepted two Termos de Compromisso to close administrative proceedings without sanctions, requiring payments of BRL 340,000 by Unipar Carbocloro S.A.’s investor relations officer and BRL 1,438,200 by MRV Engenharia e Participações S.A.’s chief financial and investor relations executive. The cases concerned alleged delays and failures in disclosing material facts and responding to press leaks under Articles 3 and 6 of CVM Resolution 44, with the CVM Board approving the settlements following recommendations from its Term of Commitment Committee and the Federal Specialized Prosecutor’s Office.
EnforcementInvestigations & enforcement actionsCorporate governance
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2026-04-09•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that Alternative Investment Fund Hanseatic Shipping AIF V.C.I.C. PLC (Licence Number AIF27/2014) and its investment compartment Hanseatic Shipping II have been dissolved and placed into voluntary liquidation following a shareholders’ general meeting decision. The dissolution was notified to the Commission by the fund’s external manager, Hanseatic Capital Management Ltd, in accordance with the Alternative Investment Funds Law of 2018.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-04-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reminded market participants of legislative changes capping insurance agent commissions on policies arranged with bank loans and microcredits at 10% of the premium. Banks and microfinance organizations may not force insurance or restrict borrowers’ choice of insurer, borrowers can withdraw from loan-linked insurance within 14 days subject to capped repricing, and insurers must refund unused premiums on early termination net of termination expenses capped at 10%.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-04-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has granted One Insurance Broker LLP insurance broker licence No. 2.3.6 to conduct insurance brokerage activities related to the conclusion of insurance contracts. The authority also referred to its website register of insurance brokers holding valid licences.
SupervisionAuthorisations & approvalsLicence approval
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2026-04-09•Moldova•National Bank of Moldova
The National Bank of Moldova held an event on instant payments, reviewing progress of the MIA Instant Payments system, including its expansion to business-to-business transfers. The central bank reported that MIA, launched in 2024, now has over 900,000 users, is accepted at more than 18,000 points of sale, and processed around 15 million payments worth MDL 13.2 billion, with officials emphasising the need for a simple, intuitive user experience. The event supports financial inclusion and aligns Moldova’s digital payment services with European standards through enhanced ecosystem cooperation.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2026-04-09•Global•World Bank
The World Bank’s Bhutan Development Update projects robust medium-term growth driven by hydropower, with real GDP forecast to expand by 7.1% in FY25/26 and 6.4% in FY26/27, alongside declining poverty but rising inflation. International reserves are expected to strengthen to about USD 1.3 billion, while the current account deficit remains high at around 20% of GDP and risks stem from hydropower delays, weaker fiscal consolidation, financial sector instability and higher fuel prices. The report highlights that shifting labour within the agrifood system from on-farm work to logistics, processing and food services could increase earnings by up to 33%.
ResearchEconomic data and developments
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2026-04-09•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published end-February 2026 lending and asset quality statistics for 38 domestic banks, showing continued loan growth with a stable average non-performing loan ratio of 0.15%. Total outstanding loans reached TWD 45.87 trillion, NPLs rose to TWD 68.4 billion and allowance coverage of NPLs declined to 901.61%, with the authority assessing asset quality as manageable while requiring banks to continue strengthening asset quality and financial structure.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-09•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported March 2026 data showing marginal increases in short-term interbank and commercial paper rates alongside sharply higher market turnover. The weighted average overnight interbank call loan rate rose to 0.823%, while preliminary monthly average 1–30 day commercial paper rates were 1.74% in the primary market and 1.53% in the secondary market. Interbank call loan turnover increased 47.27% month on month to TWD 2,222.9 billion and secondary-market turnover in short-term bills rose 44.46% to TWD 5,594.8 billion, while outstanding short-term bills declined slightly.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-04-09•Czech Republic•Czech National Bank
The Czech National Bank published the March 2026 long-term interest rates for convergence purposes, used as the indicator for the fourth Maastricht criterion on long-term interest rate convergence. The indicator is based on long-term government bonds or comparable securities of the best performing Member States in terms of price stability.
Data & statisticsEconomic data and developments
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2026-04-09•Europe•European Banking Authority
The European Banking Authority will regularly publish a list of known issues in its data point model framework, including workarounds and indicative resolution timelines, as a single reference point for recurring technical reporting questions. The initial list covers issues affecting Pillar 3 disclosures and resolution planning reporting, detailing for each issue the description, affected artefacts, severity, status, workaround and planned release for resolution, and will be updated to further reporting and disclosure modules supported by the framework and XBRL taxonomy.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-04-09•Albania•Bank of Albania
The Bank of Albania has invited non-state organisations to participate in the Discussion and Consultation Roundtable of Albania’s Partnership Platform for European Integration for European Union accession Chapter 17. The roundtable will address issues in the chapter’s specific areas and develop positions and recommendations for the European Integration Secretariat and other bodies involved in the accession process.
Policy & regulationCooperationOther
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2026-04-09•Albania•Bank of Albania
The Bank of Albania has invited non-state stakeholders to apply to join the Discussion and Consultation Table of the Partnership Platform for European Integration for Chapter 4 of Albania’s EU accession. The table will review policy issues and develop positions and recommendations for the European Integration Secretariat and other bodies, with participation open to civil society, local government, business, employers’ associations, academia and research centres, media, and other interest groups.
Policy & regulationImplementation, projects & pilotsOther
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2026-04-09•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has issued a consultation paper proposing regulatory clarifications and additional requirements for asset tokenisation within existing financial services regimes, focusing on the “asset leg” and distinguishing between “digital twins” and “native tokens” on a substance-over-form basis. The paper proposes a harmonised definition of “tokenised investments” across multiple Acts, mirrored exemptions to avoid dual licensing, extensions of existing digital asset cyber and custody codes, amendments to enable tokenised fund registers and disclosures, and role-based requirements for Primary Tokenisers, Secondary Offerors and Custodians, including 1:1 reserve expectations, proof-of-reserves, smart contract controls and baseline cyber governance.
Policy & regulationGuidance & interpretationTokenization
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2026-04-09•Palestine•Palestine Capital Market Authority
The Palestine Capital Market Authority and the Palestine Monetary Authority, through the National Financial Inclusion Committee, approved the 2026–2028 action plan for the National Financial Inclusion Strategy and will recommend adding the Ministry of Labour to broaden coordination. The plan focuses on developing financial services and products for small enterprises and underserved groups, expanding financial technology and digital infrastructure, enhancing financial literacy and consumer protection, and promoting inclusion in non-bank financial services, including incentives for electronic insurance payments and new agricultural and microinsurance products.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2026-04-09•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market held a working meeting with international organisations and experts on developing Ukraine’s green bond market, focusing on practical steps to enable initial issuances. While a legislative framework for green bonds is already in place, participants highlighted the absence of practical issuance cases as the main challenge and discussed potential use cases in renewable energy and agriculture. They agreed to move from discussion to implementation and work with businesses to prepare the first transactions.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable financeGreen taxonomy
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2026-04-09•South Africa•South African Reserve Bank
The South African Reserve Bank reported that gross reserves declined by USD 3,301 million to USD 77,759 million and the international liquidity position fell by USD 2,648 million to USD 73,187 million as at 31 March 2026, mainly due to a lower US dollar gold price, valuation effects and foreign exchange payments on behalf of government. Gold reserves were USD 18,503 million, Special Drawing Rights holdings USD 6,588 million and foreign exchange reserves USD 52,668 million, including foreign currency deposits of minus USD 5,158 million, while the forward position was USD 586 million.
Data & statisticsBalance of payments and other external statistics
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2026-04-09•South Africa•South African Reserve Bank
The South African Reserve Bank published its monthly statement of assets and liabilities as at 31 March 2026, reporting a balance sheet total of ZAR 1,383,747,016,278, up ZAR 37,510,487,875 from end-February. Gold and foreign assets rose to ZAR 1,328,083,245,691 on higher foreign exchange reserves and special drawing rights holdings despite a decline in the rand value of gold, while notes and coin in circulation, deposits by banks, and the gold and foreign exchange contingency reserve all increased.
Data & statisticsBalance of payments and other external statistics
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2026-04-09•South Korea•South Korea Financial Services Commission
South Korea’s Financial Services Commission plans an AI-based Small Business & Self-Ownership Credit Bureau to improve credit ratings and loan access for small businesses and self-employed borrowers, using nonfinancial data and forward-looking “future scale-up” assessments. A dedicated Korea Credit Information Services database will support ratings, product development and consulting, with pilot bank use from late 2026 and broader, incentive-based adoption across financial sectors. The FSC estimates annual benefits for about 700,000 individuals via roughly KRW 10.5 trillion in new lending or KRW 84.5 billion in reduced borrowing costs.
Policy & regulationImplementation, projects & pilotsCredit ratingsArtificial intelligence
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2026-04-09•Ireland•Central Bank of Ireland
The Central Bank of Ireland is shifting its funds-sector focus to implementing international and EU reforms and intensifying surveillance of liquidity, leverage and interconnectedness risks in non-bank finance, supported by new assessments of liquidity management in Irish-domiciled open-ended funds and vulnerabilities in the hedge fund sector. It found widespread but underused price-based liquidity tools in open-ended funds and elevated vulnerabilities in highly leveraged Relative Value and less liquid credit hedge funds, though with a modest market footprint. The Bank will use ongoing data collection to scrutinise liquidity tool use by bond funds in 2026, deepen surveillance of vulnerable hedge fund segments, and has sought industry feedback on distributed ledger technology and tokenisation.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-04-09•Ireland•Central Bank of Ireland
The Central Bank of Ireland has published two financial stability assessments of the non-bank sector—covering Irish hedge funds and the availability and use of liquidity management tools (LMTs) by Irish-domiciled open-ended funds—alongside a good-practices document on LMT usage. It finds that, while the hedge fund sector is unlikely to pose systemic risks on its own, vulnerabilities in leverage, liquidity and interconnectedness could become material if correlated with similar global strategies, and that although most open-ended funds have at least one LMT available, greater and more consistent use is needed. The Central Bank expects the findings to support enhanced surveillance and supervisory engagement and will engage internationally on global non-bank vulnerabilities.
ResearchFinancial stability and systemic riskMarket risk and volatilityLiquidity risk
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2026-04-09•Switzerland•Swiss National Bank
The Swiss National Bank has announced the opening of “Moneyverse”, a new visitor centre in Berne’s Kaiserhaus from 10 April 2026, presenting its mandate and activities, the history of money, and current societal questions related to money. Operated by the Bern History Museum, the free-entry centre at Marktgasse 37 will offer multilingual exhibits, historical artefacts, expert audio tours, interactive elements, and curriculum-based programmes for school classes.
Financial literacy & educationFinancial literacy and education
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2026-04-09•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) has issued new guidance on digital fraud risks, finding that banks and persons under Article 1b of the Banking Act must strengthen operational risk management and anti-money laundering controls. Based on an end-2025 survey of 19 banks, FINMA sets expectations for comprehensive risk frameworks covering all business activities, including fraud risks in online client onboarding and unauthorised account access.
Policy & regulationGuidance & interpretationOperational risk and resilienceAML and CFT
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2026-04-09•Iceland•Central Bank of Iceland
The Central Bank of Iceland published an address by Supervisory Board Chair Bolli Héðinsson at its 65th annual meeting, alongside the 2025 Annual Report, highlighting governance context and balance sheet and capital position issues. Héðinsson noted that total assets now exceed ISK 1 trillion, largely due to foreign-denominated reserves sensitive to exchange rate movements, and warned that high interest rates and a strong króna can erode capital, which the Supervisory Board believes should be stronger and preferably doubled in line with its capital adequacy target.
Institutional developmentGovernanceOther
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2026-04-09•Iceland•Central Bank of Iceland
The Central Bank of Iceland’s 2025 Annual Report covers monetary policy, financial stability, supervision and other statutory tasks, and reports a net operating loss of ISK 11.8bn, equity of ISK 76.7bn and a capital ratio of 7.7%, below its ISK 150bn capital benchmark, resulting in no dividend to the Treasury. Inflation averaged 4.1%, the key policy rate was cut by 1.25 percentage points to 7.25%, borrower-based measures were eased for first-time buyers, and foreign exchange interventions and purchases totalled ISK 67.9bn, with international reserves at ISK 968bn (EUR 6.6bn). The Resolution Authority updated resolution plans for Arion Bank, Íslandsbanki, Kvika banki and Landsbankinn, with resolvability assessments for indó, Teya Iceland and Skagi ongoing.
OtherFinancial stability and systemic riskMonetary policy decisions and developments
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2026-04-09•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has amended premium caps for compulsory motor third party liability insurance, setting May 2026 maximum premiums by reference to April 2026 caps. Maximum premiums by vehicle group and usage type will rise by 0.50%, with taxis, minibuses and buses subject to an additional 2% increase.
Policy & regulationRules & requirementsOther
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2026-04-09•Iceland•Central Bank of Iceland
The Central Bank of Iceland published a speech by Governor Ásgeir Jónsson marking 25 years of inflation targeting, arguing that Iceland’s persistent inflation stems from wage-setting dynamics and widespread indexation, with inflation above 5% and monetary policy likely needing to remain tight. The speech links recent inflation episodes to short-term wage agreements, renewed indexation and external cost pressures, notes that the Monetary Policy Committee has raised the policy rate and may need to do so again, and cautions that pegging the króna to the euro or adopting the euro would not resolve Iceland’s inflation problem.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-04-09•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has granted Han Reinsurance and Insurance Brokerage Inc an additional licence for life insurance brokerage. The decision follows a review under Article 21 of Insurance Law No. 5684 and Articles 4 to 13 of the Regulation on Insurance and Reinsurance Brokers, and supplements the firm’s existing non-life insurance and reinsurance brokerage licences.
SupervisionAuthorisations & approvalsLicence approval
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2026-04-09•Laos•Bank of the Lao
The Bank of the Lao PDR announced the launch of the Lao Credit Guarantee Company Sole Co., Ltd, a state-owned institution providing credit guarantees to support micro, small and medium-sized enterprises’ access to bank lending, which received its operating licence in March 2026 and will operate under central bank supervision. At launch, the company signed agreements with six commercial banks, setting guarantee lines of LAK 200bn with Agricultural Promotion Bank, LAK 50bn with Banque pour le Commerce Exterieur Lao Public, and LAK 30bn each with Maruhan Bank, BIC Bank, RHB Bank Lao and Canadia Bank.
Policy & regulationImplementation, projects & pilotsLicence approval
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2026-04-09•Laos•Bank of the Lao
The Bank of the Lao reported a courtesy meeting between Governor Bounkham Vorlachit and Fang Hong, Ambassador of the People’s Republic of China to Laos, focused on Laos’s macroeconomic conditions and China–Laos banking sector cooperation. Discussions covered implementation of Laos’s socio-economic development plan, existing and future cooperation with the People’s Bank of China and Chinese commercial banks in Laos, and efforts to promote use of the kip and yuan in bilateral trade and investment.
Policy & regulationCooperationOther
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2026-04-09•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has reprimanded and fined Impression Investment Limited HKD 2 million for failures in supervising staff and maintaining effective internal controls over staff personal trading, and has prohibited former director and responsible officer Liu Shan from re-entering the industry for eight months. The regulator found that between January 2016 and March 2021 Liu and another staff member conducted extensive personal trading in breach of the Fund Manager Code of Conduct and internal policies, including trading alongside managed funds and participating in IPOs, with ineffective controls and conflict management attributed to Liu’s neglect.
EnforcementInvestigations & enforcement actionsComplianceCorporate governance
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2026-04-09•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has extended the deadline for its “Keeping Cash Local” consultation on access to cash and will publish additional material, including the legal basis for the proposals and Official Information Act responses, to support stakeholder feedback. The consultation seeks views on minimum free local services for withdrawing, depositing and swapping cash in every district, with the authority emphasising that no decisions have been made and that it prefers a voluntary approach with banks.
Policy & regulationGuidance & interpretationPayments and payment systems
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2026-04-09•Europe•European Central Bank
The European Central Bank reported euro area balance of payments and international investment position statistics showing the current account surplus fell to EUR 276 billion (1.7% of GDP) in 2025 from EUR 416 billion (2.7% of GDP) in 2024, while the net international investment position stood at net assets of EUR 1.76 trillion (11.0% of GDP). The decline was driven mainly by a swing in primary income from surplus to deficit, a smaller services surplus and a wider secondary income deficit, partly offset by a larger goods surplus, while net foreign assets increased by EUR 166 billion and gross external debt reached EUR 17.00 trillion (107% of GDP) at end-2025.
Data & statisticsBalance of payments and other external statistics
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2026-04-09•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission will work with the National Anti-Corruption Commission, the Stock Exchange of Thailand and the Thai Institute of Directors to strengthen anti-corruption and corporate governance in the capital market, focusing on internal controls to prevent bribery of public officials under Section 176 of the Organic Act on Anti-Corruption B.E. 2561 (2018). The initiative includes enhancing internal audit and control functions at listed companies, promoting disclosure of anti-corruption policies in the 56-1 One Report, and issuing joint guidance on good practices for board oversight, risk assessment and monitoring controls.
Policy & regulationCooperationCorporate governance
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2026-04-09•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency has authorised Zagreb-based Electrocoin d.o.o. as a crypto-asset service provider under Regulation (EU) 2023/1114 on markets in crypto-assets and Croatia’s implementing act, making it the first firm to receive a MiCA “crypto licence” from the supervisor. The licence covers exchange of crypto-assets for funds or other crypto-assets, and custody and administration of crypto-assets on behalf of clients, and Electrocoin will be the first firm entered in the supervisor’s Register of Entities Authorised to Provide Crypto-Asset Services under MiCA.
SupervisionAuthorisations & approvalsLicence approval
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2026-04-09•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority hosted a Captive Forum in Beijing with around 100 participants from Chinese Mainland and Hong Kong to discuss the role of captive insurance in risk management. Executive Director for Policy and Legislation Clement Lau highlighted Hong Kong’s ambition to be a global risk management centre and “ideal domicile” for Chinese Mainland captives, outlining plans to foster a robust captive ecosystem through facilitative policies, talent attraction and enhanced professional services.
Policy & regulationReform agendas & prioritiesRisk management
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2026-04-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission issued consumer guidance with a 10-point checklist for purchasing life insurance via agents to promote transparent sales and continuous protection. The checklist covers clarifying objectives and affordability, verifying agent licensing and insurer affiliation, understanding coverage, exclusions and cancellation rights, ensuring accurate documentation and policy issuance, and paying premiums only to the insurer’s account with proof of payment retained.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-04-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan is considering using the domestic Aitu platform as an additional secure channel between non-bank financial organisations and consumers, amid rising fraud and the need to strengthen data protection. It highlights Aitu’s domestic servers, end-to-end encryption, biometric Aitu Passport identification with cloud-based digital signatures, and open APIs as tools to mitigate interception, phishing and impersonation risks and enable low-cost integration for smaller firms.
Policy & regulationImplementation, projects & pilotsCyber resilienceOperational risk and resilience
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2026-04-09•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan granted regulatory consents for six senior appointments in the insurance sector across executive, governing body and independent director roles. It also reiterated that, under Kazakhstan’s Law on Insurance Activity, senior managers who have already received consent may be transferred within the insurance sector to similar positions without additional consent, and referred to its register for the list of current consents.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2026-04-09•Australia•Australian Securities & Investments Commission
The Australian Securities and Investments Commission has permanently banned Aristotle Papapavlou from providing financial services and engaging in credit activities, finding he engaged in dishonest, misleading and unprofessional conduct and is not a fit and proper person. ASIC linked his conduct to a high-volume advice model at Venture Egg involving unlicensed referrers, conflicted superannuation rollover advice into Shield and First Guardian, misuse of Statements of Advice, and falsified credit references, and has recorded the orders publicly.
EnforcementSanctions & designations
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2026-04-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission announced that the Federal Court has ordered Electro Optic Systems Holdings Limited to pay an AUD 4 million pecuniary penalty for breaching continuous disclosure requirements by failing to disclose a materially significant downgrade to its 2022 revenue forecast for about 14 weeks. The Court found EOS contravened section 674A(2) of the Corporations Act from 25 July 2022 to 31 October 2022 by not correcting guidance that 2022 revenue would equal or exceed AUD 212.3 million when it was aware revenue was likely to be about AUD 164 million, with a possibility of an additional AUD 27 million. ASIC has separately commenced proceedings against former EOS chief executive officer and director Ben Greene for alleged breaches of directors’ duties.
EnforcementInvestigations & enforcement actionsDisclosures
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2026-04-09•Global•World Bank
The World Bank’s latest Mongolia Economic Update projects GDP growth of 6.9% in 2025 and 5.0% in 2026, with medium-term growth averaging about 5.5% in 2027–28 amid elevated inflation and uncertainty. The report highlights downside risks from global trade and geopolitical tensions and domestic fiscal pressures, and calls for safeguarding macroeconomic stability, protecting vulnerable households, and advancing diversification, infrastructure investment, critical minerals development and climate resilience. It also underscores the productivity benefits and congestion risks of firm and worker clustering in Ulaanbaatar, stressing the need to improve urban efficiency and promote more balanced spatial development.
ResearchEconomic data and developments
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2026-04-09•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority and the Dubai Virtual Asset Regulatory Authority have signed a Memorandum of Understanding to enhance cooperation, mutual assistance and information sharing on digital and virtual asset activities. The agreement establishes a framework for coordination on licensing, supervision, enforcement and compliance, including exchange of regulatory experience and best practices, aiming to reduce regulatory fragmentation and support smoother cross-border activity.
Policy & regulationCooperationCross-border cooperation
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2026-04-09•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance reported on the Korea–China–Japan and ASEAN+3 Finance and Central Bank Deputies’ Meetings, which focused on spillovers from the Middle East conflict, energy price and supply risks, and coordinated policy responses including targeted fiscal support, cautious monetary policy and energy supply-chain diversification. Deputies also advanced regional financial cooperation, prioritising reforms to shift the Chiang Mai Initiative Multilateralisation toward a paid-in capital model and preparations for the 2027–2030 Asia Bond Market Initiative roadmap.
Policy & regulationCooperationCross-border cooperation
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2026-04-09•South Korea•Bank of Korea
The Bank of Korea’s preliminary 2025 Flow of Funds statistics show domestic net lending rose to KRW 158.2 trillion from KRW 116.6 trillion in 2024, driven by higher net lending by households and non-profit institutions serving households and reduced net borrowing by non-financial corporations. General government net borrowing widened and financial corporations shifted to net borrowing, while the domestic non-financial sector’s financial assets-to-liabilities ratio increased to 1.73, with the ratio for households and related non-profit institutions rising to 2.54.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-04-09•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service’s 2025 review of domestic financial holding companies reported 8.3% year-on-year growth in consolidated assets to KRW 4,067.4 trillion and a 12.4% rise in consolidated net income to KRW 26.7 trillion, alongside weaker financial stability indicators. Banking remained dominant, financial investment income rose sharply, insurance income declined, and capital, asset quality and leverage metrics indicated higher risk. The authority will press holding groups to bolster financial stability and loss-absorbing capacity, improve risk assessment of diversified portfolios and unfair conduct, and support “productive and inclusive finance” initiatives.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskAsset quality
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2026-04-09•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority announced the launch of two national insurance strategies covering 2025 to 2030. One targets wider access to insurance in sectors such as agriculture, livestock, fisheries, mining and forestry, while the other focuses on research, innovation and insurance market development. Together they are intended to support financial inclusion and sector growth.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial inclusion
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2026-04-09•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority announced the 2024-25 Good MPF Employer Award recipients and will temporarily suspend the programme for review amid the transition to the eMPF Platform, expected to be fully operational by end-April 2026. A record 2,378 employers covering over 330,000 employees were recognised for compliance with Mandatory Provident Fund legislation and enhanced retirement protection, and may continue using the 2024-25 award title and logo until further notice.
Policy & regulationImplementation, projects & pilotsOther
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2026-04-09•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority published its Financial Statements Monitoring Insights 2022–2025 report, urging directors, preparers and auditors to improve the quality, accuracy and timeliness of financial reporting amid global uncertainty. While overall standards were described as high, the authority identified recurring weaknesses in disclosures, measurement of significant balances, support for complex estimates, application of newer judgement-heavy standards, and consistency between financial statements and climate-related reporting, and outlined enforcement actions for serious or repeated non-compliance.
SupervisionReviews, inspections & stress testsActivity and performance reporting
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2026-04-09•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has published its Sanctioning Activity Report for Q4 2025, highlighting increased preventive measures and higher investigative and sanctioning activity. Stop orders nearly tripled to 37, alert letters rose to 434, ongoing potentially sanctionable administrative proceedings reached 804, and referrals to the Public Prosecutor’s Office increased to 95. The CVM Board approved settlement agreements in 42 cases involving 64 proponents, with BRL 33.31 million proposed for diffuse damages.
EnforcementEnforcement statistics
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2026-04-09•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance reported on Superintendent Guillermo Plate’s remarks at the 21st National Insurance Forum, where he outlined a modernisation agenda focused on more efficient, data-based supervision and framed “deregulating to supervise better” as compatible with strong supervisory powers. Plate emphasised policyholder protection, said the revocation of Galeno ART’s authorisation reflected legally required solvency control, and highlighted the central role of insurance producer advisers as early detectors of system failures.
SupervisionSupervision approach, priorities & toolkitOther
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2026-04-09•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senators Elizabeth Warren, Adam Schiff and Richard Blumenthal sent a letter to Fight Fight Fight LLC seeking documents and communications regarding an April 25, 2026 Mar-a-Lago conference and gala tied to the $TRUMP cryptocurrency. The inquiry focuses on President Trump’s potential role, financial benefit and investor access arrangements, citing concentrated token ownership, trading-related revenue to affiliated entities, a price spike after the event announcement, and reports of retail losses alongside large gains for a small group of early wallets.
Other
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2026-04-09•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission held a further stakeholder meeting on the planned regulatory framework for Labour Assistance Funds, focusing on key design aspects, implementation challenges and capital markets opportunities. The authority positioned these funds as long-term institutional investors to support market stability and sustained financing and indicated that forthcoming rules aim to provide clarity and predictability, as it continues to gather industry input ahead of implementation.
Policy & regulationCooperationMarket development
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2026-04-09•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has issued General Resolution No. 1128 introducing a new exemption for non-residents from the ARS 200 million daily limit on transfers of negotiable securities to foreign depository institutions. The cap will not apply where the securities have been held in the transferor’s sub-accounts at the central securities depository for at least 365 consecutive days, irrespective of issuance law, and the measure forms part of a broader easing of operational restrictions in the capital markets.
Policy & regulationRules & requirementsCross-border payments
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2026-04-09•Canada•Canadian Securities Administrators
The Canadian Securities Administrators has proposed clarifying insider reporting requirements for transactions involving investment funds and certain structured products. The proposal covers structured notes, American Depositary Receipts and Canadian Depositary Receipts based on securities of the reporting insider’s reporting issuer.
Policy & regulationRules & requirementsMarket abuseRegulatory reporting
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2026-04-09•Global•G30
The Group of Thirty has issued a special report warning that rapid post-crisis growth in nonbank financial intermediation has created vulnerabilities that could amplify market stress and trigger systemic events, and calls for urgent, coordinated policy action. With nonbank assets at an estimated USD 260 trillion at end-2024, the report links rising systemic risk to liquidity mismatches, high leverage and tighter interconnections with bond markets and banks, and recommends reforms to curb excessive borrowing and procyclical margining, strengthen market infrastructure, expand interconnectedness-focused stress tests, and enhance data and transparency.
ResearchFinancial stability and systemic riskMarket development
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2026-04-09•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has introduced a simplified application process for credit institutions seeking general prior authorisation to buy back their own Common Equity Tier 1 instruments, capped at 0.5% of CET1, under its national proportionality regime. The streamlined route lowers information requirements, removes the need for a stress test, and is available to institutions meeting specified capital, MREL and debt buffer overcoverage, Liquidity Coverage Ratio and leverage ratio thresholds, with use cases including market making and employee remuneration, and additional CRR limits for converted banks and savings banks.
Policy & regulationRules & requirementsLicensing framework and process
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2026-04-08•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved the prospectus for the initial public offering of up to 710,250 ordinary shares in Smart Organic AD at an issue price of EUR 15.00 per share and registered the share issue as being in the process of issuance. It also approved a new manager for bound agent Edge Capital Ltd., acknowledged the qualifications of an investment consultant and broker of financial instruments, and registered PALAUZOV EOOD as an insurance broker.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-04-08•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has launched a public consultation on two draft rulebooks under the Law on Alternative Investment Funds, setting out procedures for approving management-body appointments and issuing operating licences to alternative investment fund management companies. Following review of stakeholder feedback, the Authority will finalise the rulebooks.
Policy & regulationRules & requirementsOther
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2026-04-08•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has published for consultation two draft implementing rules for open-ended investment funds with a public offering, covering compensation of damage to investors or the fund and the forced transfer of fund management. The drafts, prepared under the Law on Open-ended Investment Funds with a Public Offering, aim to further define investor protection mechanisms and procedures for supervisory intervention.
Policy & regulationRules & requirements
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2026-04-08•South Africa•National Treasury (South Africa)
South Africa’s National Treasury has appointed Thabiso Lucas Thiti as Director of the Financial Intelligence Centre for a five-year term from 15 April 2026, replacing Acting Director Advocate Pieter Smit. The appointment, made under section 8 of the Financial Intelligence Centre Act following a formal recruitment process, is intended to support continued progress after South Africa’s exit from the Financial Action Task Force greylist ahead of a forthcoming mutual evaluation.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-04-08•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the Committee of Insurance, Securities and Non-Banking Financial Authorities bi-annual Governance Council and Subcommittee Meetings in Mauritius, contributing to strategic priority-setting for the next biennial cycle. Discussions covered supervisory cooperation, harmonisation of regulatory practices, institutional development, capacity building, information sharing and emerging challenges affecting regional financial markets, plus a review of CISNA’s internal governance and coordination instruments.
Policy & regulationCooperationCross-border cooperation
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2026-04-08•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has published for comment a draft partial revision to the Comprehensive Supervisory Guidelines for Insurance Companies to update supervisory expectations in light of insurers’ growing use of reinsurance. The revisions aim to promote more sophisticated risk management at individual insurers and clarify the existing supervisory approach to reinsurance transactions.
Policy & regulationGuidance & interpretationRisk management
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2026-04-08•Japan•Japan Financial Services Agency
The Japan Financial Services Agency and the Bank of Japan held the 24th Financial Services Agency–Bank Liaison Meeting to exchange views on developments affecting the financial system and financial markets. The meeting focused on information sharing and coordination between the two authorities.
Policy & regulationCooperationDomestic cooperation
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2026-04-08•Japan•Japan Financial Services Agency
The Japan Financial Services Agency highlighted an interview in Eurofi Magazine with Toshiyuki Miyoshi, International Advisor on Financial Services and Chair of the Executive Committee of the International Organization of Insurance Supervisors, on the IAIS work agenda for supervisory cooperation. The interview outlines efforts to promote cross-border consistency and strengthen international cooperation in insurance oversight amid rising geopolitical fragmentation, and sets out the IAIS’s future priorities.
Policy & regulationCooperationCross-border cooperation
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2026-04-08•Japan•Bank of Japan
Japan’s Financial Services Agency and the Bank of Japan held the twenty-fourth meeting of the Council for Cooperation on Financial Stability. Senior officials, including the Financial Services Agency Commissioner and Bank of Japan Deputy Governors, exchanged views on current conditions in the financial system and markets.
Policy & regulationCooperationFinancial stability and systemic riskDomestic cooperation
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2026-04-08•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has issued Questions and Answers on onboarding data contributors to the European Union’s Consolidated Tapes and on operational rules for Consolidated Tape Providers, to give market participants greater certainty ahead of the bonds and equities tapes going live. ESMA reiterates that trading venues and Authorised Publication Arrangements must contribute data from go-live and should engage early with fairCT for the bonds tape and EuroCTP for the equities tape, while selection of a derivatives tape provider continues.
Policy & regulationGuidance & interpretationMarket infrastructure
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2026-04-08•Peru•Superintendencia de Banca, Seguros y AFP del Peru
The Superintendency of Banking, Insurance and Private Pension Funds of Peru has updated the anti-money laundering and counter-terrorist financing framework for casinos and slot machine operators supervised by the Ministry of Foreign Trade and Tourism, aligning it with Financial Action Task Force standards and replacing the 2016 regime. Resolution SBS No. 01015-2026 also extends the infringements and sanctions regulation to remote gaming and remote sports betting operators, and clarifies AML/CFT system requirements and the division of responsibilities between the Financial Intelligence Unit of Peru and the Ministry of Foreign Trade and Tourism.
Policy & regulationRules & requirementsAML and CFT
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2026-04-08•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) will hold a Conexões PREVIC seminar to explain new licensing procedures for closed private pension entities (EFPC) under PREVIC Resolution 26/2025. PREVIC technical staff and a guest speaker will present key changes to pension fund licensing, including registration data, adhesion agreements, relevant dates, authorisation interviews, prior authorisation lead times, EFPC wind-down representation, participation of interested parties, and registration of plan offerings and management transfers, followed by Q&A.
Policy & regulationGuidance & interpretationOther
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2026-04-08•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission and the Ministry of Agriculture and Livestock have signed a two-year technical cooperation agreement to develop the agribusiness sector by expanding the role of capital markets in agricultural financing. The partnership envisages joint studies, dissemination of technical knowledge, and initiatives to promote access to financing, including new agribusiness funding instruments, coordinated by the Ministry’s Agricultural Policy Secretariat and the CVM’s Superintendence of Securitization and Agribusiness.
Policy & regulationCooperationMarket developmentDomestic cooperation
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2026-04-08•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has suspended the public company registration of Cia Industrial Schlosser S.A. under Article 21 of Law 6.385 for more than one year of non-compliance with information disclosure obligations under CVM Resolution 80. While suspended, the company’s securities cannot be admitted to trading on any regulated or over-the-counter market, and the company, its controlling shareholders, and administrators remain liable for any prior infractions.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2026-04-08•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission, through its Office of Economic Analysis, Risk Management and Integrity, has extended its survey on investors’ perceptions of the Lâmina de Ofertas Públicas (Public Offerings Sheet). Anonymous responses will feed into a Regulatory Outcome Analysis on the effectiveness of recent public offerings reforms under CVM Resolutions 160 and 161, including the introduction of the Lâmina to simplify communication of essential offer features, as part of CVM’s 2026 Regulatory Agenda.
Policy & regulationImplementation, projects & pilotsDisclosures
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2026-04-08•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has launched the Integrated Claims Information and Analysis System (SINIAS), a new platform for insurers to submit and consult claims data and related updates. SINIAS will centralise information on notifications, claims, reserves, payments and recoveries to improve traceability, efficiency, data integration and compliance monitoring, and is expected to replace various historical reporting requirements in the short term.
SupervisionRegulatory reporting
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2026-04-08•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has amended mandatory standard contract terms for motor vehicle and trailer insurance to align with updated rules from the National Directorate of Motor Vehicle Registries and streamline claims settlement. The changes clarify documentation required for total loss due to damage, fire, theft or robbery, including vehicle deregistration evidence, police and registry reports, proof of title, no-debt certificates, assignment of rights to the insurer, and delivery of keys.
Policy & regulationRules & requirements
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2026-04-08•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority has obtained a court-appointed receivership over frozen trust funds held by Jovi Realty and Lighthouse Realty Ltd., transferring management and distribution of those funds to a centralized, court-supervised process. D. Manning & Associates Inc. was appointed receiver to control the accounts, assess claims, and distribute funds in accordance with legal requirements. BCFSA’s investigation into Balpreet Singh Bal, Jovi Realty, and Lighthouse Realty Ltd. continues and may result in enforcement action under the Real Estate Services Act.
EnforcementInvestigations & enforcement actionsClient asset custody and safekeeping
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2026-04-08•Global•International Monetary Fund
The International Monetary Fund’s April 2026 World Economic Outlook analysis finds that armed conflicts cause sharp, lasting economic losses, severe fiscal and external pressures, and slow, uneven recoveries. Major conflicts bring output losses of about 7 percent within five years, rising deficits and debt, capital outflows, exchange rate depreciation, reserve losses, and higher inflation, while defense spending buildups typically last nearly three years and significantly worsen fiscal positions. The research underscores that durable peace, early macroeconomic stabilization, decisive debt restructuring, and international support are central to post-war recovery.
ResearchGeopolitical risk
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2026-04-08•United States•U.S. Department of Justice
The U.S. Department of Justice announced that Mexican national Gabriel Arturo Castillo pleaded guilty to conspiracy to commit money laundering in a two-year, multimillion-dollar trade-based scheme moving drug trafficking proceeds through Texas to Mexico. According to court documents, the scheme used a black-market peso exchange involving U.S. dollar drug proceeds, U.S. merchandise purchases, and peso transfers in Mexico to conceal the source of funds for drug trafficking organizations.
EnforcementInvestigations & enforcement actionsAML and CFT
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2026-04-08•Global•International Monetary Fund
The International Monetary Fund published a technical assistance report on its mission to the Bank of Ghana, reviewing the macroprudential policy framework and toolkit and providing guidance on implementing a countercyclical capital buffer and a domestic systemically important bank buffer. The report recommends establishing a dedicated macroprudential decision-making process and strategy, enhancing communications, upgrading systemic risk monitoring with more forward-looking assessments, and broadening and further operationalizing the macroprudential toolkit.
Policy & regulationGuidance & interpretationMacroprudential policy and toolsPrudential risks
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2026-04-08•Global•International Monetary Fund
The International Monetary Fund published a technical assistance report on supporting the Central Bank of Cabo Verde in operationalizing macroprudential policy and enhancing monitoring of financial sector vulnerabilities. Based on a 2025 mission to Praia, it recommends strengthening institutional arrangements and inter-agency coordination, addressing staffing and capacity constraints, upgrading data and systemic risk assessment tools, and introducing core macroprudential instruments, supported by continued IMF assistance and Basel III implementation.
Policy & regulationImplementation, projects & pilotsMacroprudential policy and tools
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2026-04-08•United States•Federal Reserve Board
The Federal Reserve Board published research estimating that 2025 tariff changes raised core goods personal consumption expenditures (PCE) prices by 3.1 percent through February 2026 and increased overall core PCE prices by 0.8 percent, with pass-through effectively complete within about seven months. The analysis finds slower and weaker pass-through than for the 2018–19 China tariffs, notes that the November 2025 reduction in China tariffs materially limited inflationary effects, and highlights remaining uncertainty around long-run pass-through.
Research
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2026-04-08•United States•Federal Reserve Board
The Federal Reserve Board published research on the “tariff rate gap” between the effective tariff rate implied by announced U.S. policy changes and the realized rate based on duties actually paid, finding the gap was substantially larger in the 2025 tariff episode than in 2018–2019. The note estimates that by December 2025 the effective tariff rate reached 14.7 percent, with a 5.43 percentage point gap driven by faster import substitution and larger product-country rate discrepancies, including shipment timing and changes in United States-Mexico-Canada Agreement exemption compliance.
Research
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2026-04-08•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority released a video explaining what happens after a consumer accepts an AFCA determination, depending on whether the financial firm is solvent, insolvent, or non-compliant. AFCA expects solvent firms to pay compensation within 30 days and may seek explanations, propose payment plans, and notify the Australian Securities and Investments Commission if payment is not made. If a firm is insolvent or non-compliant, AFCA issues an “appropriate steps notice” enabling a claim to the Compensation Scheme of Last Resort, which applies its own eligibility criteria without reassessing the complaint.
Financial literacy & educationOther
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2026-04-08•Barbados•Central Bank of Barbados
The Central Bank of Barbados has opened calls for abstracts and registration for its 46th Annual Review Seminar in Bridgetown in August 2026, focused on “Shifting Economic Landscapes: Strategic Responses of Small Open Economies”. The event will examine trade and tourism dynamics, energy transition and climate risk, digital transformation, demographic change and productivity, monetary and exchange rate policy, fiscal sustainability, and financial sector development and stability, with presented papers eligible for the Bank’s Working Paper Series following peer review.
ResearchEconomic data and developmentsFinancial stability and systemic risk
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2026-04-08•Barbados•Central Bank of Barbados
The Central Bank of Barbados has signed a Memorandum of Understanding with the Barbados Association of Retired Persons to deliver a digital literacy programme for senior citizens focused on using BiMPay, the national instant payment system. The Bank will sponsor and supply tablets, develop and deliver a BiMPay training module tailored to elderly users, deploy technical staff for hands-on sessions and troubleshooting, and jointly promote the initiative with BARP to support financial inclusion and reduce the digital divide.
Financial literacy & educationFinancial literacy and education
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2026-04-08•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published CAP statistics from the Central Information Repository for March 2026.
Data & statisticsSupervisory data
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2026-04-08•Bahamas•Ministry of Finance (Bahamas)
The Bahamas Ministry of Finance published remarks by Prime Minister and Minister of Finance Phillip Davis confirming the government will retain and invest in the Post Office and the Post Office Savings Bank rather than shut them down. Davis noted that more than 35,000 Bahamians hold accounts, the deposit cap has been raised from BSD 6,000 to BSD 10,000, and a five percent interest rate will be maintained, arguing closure would destabilise Family Island communities, cut 98 jobs and leave many unbanked.
Other