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2026-03-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites, fake internet banking login screens, and phishing communications involving several banks, including The Bank of East Asia, DBS Bank, and Livi Bank. The HKMA emphasized that banks will not send messages with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-03-26•Europe•European Central Bank - Banking Supervision
European Central Bank Banking Supervision published a speech by Supervisory Board member Pedro Machado on the Savings and Investments Union (SIU), emphasizing its role in mobilizing Europe's savings and enhancing financial integration with banks as key intermediaries. Machado advocated for integrated EU-level supervision of capital markets to prevent financial instability and highlighted benefits for banks, such as improved risk-sharing and market-based funding. He warned of risks shifting to non-bank intermediaries, stressing the need for consistent oversight of cross-border activities.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2026-03-26•Europe•European Central Bank
European Central Bank Vice-President Luis de Guindos stated that the Middle East conflict has increased uncertainty in the euro area's growth and inflation outlook, with energy prices posing upside risks to inflation. ECB staff project euro area growth to average 0.9% this year, with inflation at 2.6% before returning to the 2% target. De Guindos emphasized a data-dependent policy approach and outlined priorities for enhancing Europe's resilience, including completing the Single Market and advancing a savings and investments union.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
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2026-03-26•South Korea•Ministry of Economy & Finance (South Korea)
South Korea’s Ministry of Economy and Finance held a roundtable with major exporters to review FX market conditions and discuss public-private cooperation to improve FX supply and demand amid heightened uncertainty and won volatility. The ministry detailed a proposed tax law amendment introducing tax preferences for return-to-domestic-market accounts and personal FX hedging products, and temporarily raising the non-inclusion ratio for dividends from overseas subsidiaries to 100% from 95% for 2026, with firms indicating they would adjust dividend inflows to benefit from corporate tax savings and support FX market stabilisation.
Policy & regulationCooperationOther
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2026-03-26•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service published preliminary 2025 earnings and balance sheet data showing securities companies’ net income rose 38.9% year on year to KRW9.6455 trillion and futures trading companies’ net income increased 10.8% to KRW88.56 billion, supported by strong commission and proprietary trading income. Aggregate assets of securities companies grew 25.0% to KRW943.9 trillion with an average net capital ratio of 915.1%, while futures trading companies’ assets rose 9.2% to KRW6.2979 trillion with a net capital ratio of 1,567.1%.
SupervisionRisk monitoring & watch pointsActivity and performance reporting
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2026-03-26•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has released its 2026/27 work programme, focusing on integrating artificial intelligence into regulatory processes to enhance authorisations, risk identification, and supervision. Key initiatives include a new authorisation tool, generative AI for document review, and a sandbox for automated data feeds. The FCA also plans to regulate Buy Now Pay Later from July and has issued a consultation on fees and levies, proposing a 1% increase in minimum and flat fees.
Policy & regulationReform agendas & prioritiesSupervision process and methodologiesRegtech and suptech
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2026-03-26•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority (PRA) has issued a policy statement finalizing rules to adjust the Bank of England’s resolution and recovery frameworks. Key changes include raising the retail deposit threshold for Resolution Assessment reporting from GBP 50 billion to GBP 100 billion and reducing the frequency of recovery plan reviews for Small Domestic Deposit Takers (SDDTs) to biennially. Effective 1 April 2026, the amendments do not apply to credit unions and include updates to the PRA Rulebook and Supervisory Statement 9/17.
Policy & regulationRules & requirementsRecovery and resolution
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2026-03-26•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority (PRA) has finalized changes to UK Pillar 3 disclosures, enhancing clarity and comparability of firms' resolvability resources and capital distribution constraints (CDCs). The reforms introduce standardized Minimum Requirements for Own Funds and Eligible Liabilities (MREL) disclosure templates and a qualitative CDC narrative, applicable to PRA-authorized banks, building societies, and designated investment firms. Effective 1 January 2027, the new requirements align with Basel standards and expand to include mid-tier MREL firms, with specific templates for G-SIIs and O-SIIs.
Policy & regulationRules & requirementsPrudential risksDisclosures
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2026-03-26•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority (PRA) has issued a policy statement confirming amendments to Minimum Requirement for Own Funds and Eligible Liabilities (MREL) reporting, affecting UK banks, building societies, PRA-designated investment firms, and qualifying parent undertakings. Key changes include revisions to MREL templates MRL001 and MRL003, deletion of MRL002, and updates to reporting instructions and Supervisory Statement 19/13. The revised templates will be effective from January 2027, with interim guidance for firms with different resolution strategies.
Policy & regulationRules & requirementsRegulatory reporting
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2026-03-26•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said its institute hosted a regional workshop with the Inter-American Development Bank on how central banks should analyze and adapt to climate-related macrofinancial risks. The discussions focused on issues including drought impacts, climate stress testing and energy-transition modeling, while the Central Bank of Paraguay presented research on El Niño shocks and Paraguay’s financial system.
Institutional developmentCooperation & capacity buildingClimate risk and sustainable financeMacroprudential policy and tools
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2026-03-26•United Kingdom•Bank of England
The Bank of England and Prudential Regulation Authority have issued final policy statements revising recovery and resolution reporting and disclosure requirements to reduce regulatory burden while maintaining a robust resolution regime. Key changes include raising the Resolution Assessment Framework threshold from GBP 50bn to GBP 100bn in retail deposits and altering review frequency for Small Domestic Deposit Takers' recovery plans. Amendments to MREL reporting and Pillar 3 disclosure will be implemented by 2027, following feedback from consultation papers.
Policy & regulationRules & requirementsRecovery and resolutionRegulatory burden
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2026-03-26•Denmark•National Bank of Denmark
The National Bank of Denmark's Annual Report 2025 shows a profit of DKK 24.7 billion, with DKK 1 billion transferred to the central government, driven by positive portfolio returns and significant gold price gains. The bank lowered key policy rates by 1 percentage point in 2025 and reported no foreign exchange intervention from December 2022 to December 2025. Future initiatives include gold risk hedging, expanded data collections, and preparations for payments projects, including the 2027 migration to STEP2 and euro instant payments.
Monetary policyOtherActivity and performance reporting
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2026-03-26•Russia•Central Bank of Russia
The Central Bank of Russia’s review of 2025 public share offerings shows proceeds rose to RUB 125.2 billion from RUB 102.1 billion, while the number of issuers fell to nine from 19. Issuance was concentrated in two large companies and financial sector names, while institutional investors increased their share of purchases. Retail participation dropped sharply, although average trade size increased and most individual investors sold within 30 days of an IPO.
Data & statisticsFinancial and market indicators
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2026-03-26•Indonesia•OJK
Indonesia’s Financial Services Authority reported on the 44th ASEAN Capital Markets Forum Chairs’ Meeting, which approved 2026 workplans and budgets, launched the ACMF Knowledge Network of Supervision and Enforcement Directors, and backed operationalizing an ACMF Office, potentially hosted by the Asian Development Bank. The meeting advanced the ACMF Action Plan 2026–2030 on investment connectivity, sustainable finance, and new working groups, and noted progress on regional frameworks. The Knowledge Network will support cross-border supervisory and enforcement cooperation, including on digital assets.
Policy & regulationCooperationMarket developmentClimate risk and sustainable finance
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2026-03-26•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK), together with the Indonesian National Police’s Criminal Investigation Agency, has apprehended a suspect in an alleged banking crime case involving PT BPR DCN in Malang, East Java, after the individual failed to comply with an OJK examination summons. The suspect was detained following a joint operation in early March 2026, and OJK investigators also sought to bring in a non-compliant witness as part of the ongoing investigation.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported that the Netherlands' direct financial exposure to the Middle East is minimal, despite global energy price impacts from regional conflicts. In 2025, Dutch exports to the Middle East were EUR 47 billion and imports EUR 21 billion, representing less than 5% of total trade. The Netherlands' direct investment in the region was EUR 157 billion, with significant ties to Israel, the UAE, and Saudi Arabia, primarily in oil, gas, and conduit-company structures.
Data & statisticsBalance of payments and other external statistics
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2026-03-26•Austria•Austria Financial Market Authority
Austria's Financial Market Authority (FMA) issued a consumer alert on terrorism financing, emphasizing risks with seemingly humanitarian donations and misleading collections, especially via social media. The FMA advises financial firms to assess money laundering and terrorism financing risks, potentially requiring more customer information. The alert highlights the need for scrutiny of crypto-asset payments and recommends using Austria’s donation quality seal to identify transparent organizations.
Financial literacy & educationAML and CFT
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2026-03-26•Denmark•National Bank of Denmark
The National Bank of Denmark's analysis shows a sharp decline in Denmark's private consumption-to-income ratio since 2019, despite rising disposable incomes, due to heightened uncertainty and pessimistic household expectations. The decline is mainly attributed to households aged 25-40 and 60 and above, with the latter affected by higher retirement ages. Rising interest expenses and a shift towards precautionary saving amid high perceived inflation also contribute to reduced consumption.
Research
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2026-03-26•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy convened the Economic Integration Committee to strengthen integration between the National Economic Register and government entities and to review preparations for the 2026 Financial Action Task Force mutual evaluation. Discussions focused on enhancing oversight of more than 1.4 million registered companies, improving data quality and sharing, and monitoring implementation of anti-money laundering and counter-terrorist financing measures, including beneficial owner identification.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2026-03-26•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission released a summary of a meeting between Party Secretary and Director Li Yunze and Swiss Re Group CEO Andreas Berger. Discussions included the economic and financial landscape, the advancement of the insurance sector, and Swiss Re's operations in China.
Policy & regulationOtherCross-border cooperation
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2026-03-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The European Union's Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) conducted its first public hearing on two draft Regulatory Technical Standards to support the EU's new AML/CFT framework. The hearing addressed criteria for identifying business relationships and transactions, as well as customer due diligence requirements. Input from the hearing and ongoing written consultations will inform the final standards.
Policy & regulationRules & requirementsAML and CFT
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2026-03-26•Laos•Bank of the Lao
The Bank of the Lao reported Deputy Governor Vathana Dalaloy’s participation in a “Promoting New Era Women Leaders” forum on women’s leadership as business models adapt to technology and innovation. Speaking for the central bank’s leadership, she outlined its role in macroeconomic management and highlighted four key leadership attributes for the “new era”: informed decision-making, capability building, reliance on timely information, and prioritisation of long-term business sustainability.
Other
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2026-03-26•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission reported that the ASEAN Capital Markets Forum approved its 2026 workplans and launched a regional network for supervisory and enforcement cooperation. Priorities include greater investment connectivity, sustainable finance, cross-border risk monitoring and digital asset-related oversight.
Policy & regulationCooperationCross-border cooperationMarket developmentClimate risk and sustainable finance
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2026-03-26•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has asked the public prosecutor to file a Civil Court lawsuit against Miss Paranya Rudjanapronpajee for alleged manipulation of Metro Systems Corporation Public Company Limited shares, after she refused SEC-imposed civil sanctions. The SEC seeks court-imposed sanctions requiring payment of THB 332,307,757.52 plus interest, maximum suspensions from trading securities and derivatives, and a director or executive bar, and has referred the case to the Anti-Money Laundering Office, as unfair securities trading is a predicate offense under the Anti-Money Laundering Act B.E. 2542 (1999).
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-03-26•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission is consulting on rules to allow LiVE Exchange-listed companies to raise funds via private placements of newly issued shares and convertible debentures to institutional, ultra-high net worth and high net worth investors. Offerings would be capped at 50 offerees and THB 10 million over 12 months, benefit from exemptions from prior approval and prospectus requirements subject to disclosure obligations, and remove shareholders’ veto rights for certain discounted private placements and employee stock option issuances.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-03-26•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission and UNCTAD launched a project to assess and strengthen the country’s financial and sustainability reporting infrastructure. The initiative will identify reform priorities and support training, policy recommendations and an action plan.
Policy & regulationImplementation, projects & pilotsDisclosuresClimate risk and sustainable financeAccounting and financial reporting
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2026-03-26•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has asked the public prosecutor to petition the Civil Court to enforce compliance against JKN Global Group Public Company Limited for failing to fully pay agreed civil sanctions related to false or misleading information about JKN. The sanctions total THB 2,062,039 for a civil penalty and reimbursement of investigative expenses, and the authority is seeking court enforcement for the outstanding amount plus interest under Section 317/7 of the Securities and Exchange Act.
EnforcementInvestigations & enforcement actions
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2026-03-26•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia has launched the Islamic capital market (ICM) Innovation Lab (FIKRALab) under the Capital Market Masterplan 2026–2030 to develop new ICM products and instruments. FIKRALab aims to enhance collaboration with industry through ideation, research, and pilot testing, anchored on Maqasid al-Shariah principles. The initiative will begin with a pilot project to create an instrument for unlocking Shariah-derived income within mixed-activity groups.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
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2026-03-26•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission awarded VBIT Joint Stock Company a contract worth VND 838,000,000 to supervise the implementation of a centralised specialised data repository project. The contract, procured through an open domestic online tender, will run for 12 months. SMART Vietnam Technology Investment Joint Stock Company was not selected due to not meeting technical criteria.
Institutional developmentProcurementOther
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2026-03-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two Kyrgyz citizens KGS 17,500 each for unlicensed cash foreign currency exchange operations in Bishkek.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-26•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 approved Kiril Atanasov Bachvarov as Deputy Chair and member of the Management Board of JSC Halyk Bank of Kazakhstan.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-26•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 has authorized Abu Dhabi Commercial Bank PJSC to establish a subsidiary, Abu Dhabi Commercial Bank (Kazakhstan) JSC, and approved its bank holding status. ADCB will be the sole shareholder, providing charter capital and strategic management, with plans to offer comprehensive banking services and develop Islamic financing. An application for a universal banking licence is anticipated following the completion of internal infrastructure and launch preparations.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-26•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee released remarks and testimony from federal banking regulators on adapting supervisory frameworks to rapid innovation in AI and digital assets. Key discussions included the adequacy of current agency structures, the need for new supervisory technologies, and regulatory certainty across administrations. Criticism was directed at the Federal Reserve's Novel Activities Supervision Program, with calls for legislative changes in stablecoin and digital asset markets.
SupervisionSupervision approach, priorities & toolkitFintech and insurtechArtificial intelligence
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2026-03-26•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee’s Housing and Insurance Subcommittee held a hearing on reducing flood costs and damage, focusing on the National Flood Insurance Program (NFIP). Subcommittee Chair Mike Flood noted the NFIP's reliance on policyholder premiums and borrowing from the U.S. Treasury, with current debt at USD 22.525 billion. He highlighted that unmitigated multiple loss properties, only 2.5% of policies, accounted for 48% of claims, emphasizing mitigation strategies like acquisition and floodproofing.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2026-03-26•South Korea•South Korea Financial Supervisory Service
South Korea's Financial Supervisory Service released preliminary 2025 earnings data for securities and futures trading companies, highlighting a 38.9% increase in net income for securities firms to KRW9.6455 trillion. The report noted a rise in commission and proprietary trading income, with aggregate assets reaching KRW943.9 trillion. The FSS plans to monitor financial stability and liquidity, focusing on insolvent asset management and enhancing risk management through regulatory improvements.
Data & statisticsActivity and performance reporting
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2026-03-26•Middle East•Arab Monetary Fund
The Arab Monetary Fund opened the 32nd meeting of the Arab Committee on Payment and Settlement Systems, held virtually with Arab central banks and international institutions, to review developments in payment systems amid accelerating digitalisation. Participants discussed instant and cross-border payments, remittances, and regulatory and supervisory issues including Buy Now, Pay Later, cybersecurity, strong customer authentication, asset tokenization, digital asset-based infrastructures, and use of artificial intelligence in oversight.
Policy & regulationCooperationCross-border paymentsPayments and payment systems
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2026-03-26•New Zealand•Serious Fraud Office
New Zealand’s Serious Fraud Office and the Commerce Commission have signed a Memorandum of Understanding to enhance cooperation where their responsibilities overlap. The MoU outlines jurisdictional areas, lead responsibility determination, and information sharing conditions to support coordinated handling of complex matters.
Policy & regulationCooperationCross-border cooperation
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2026-03-26•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has prioritized enforcement against superannuation switching misconduct after the Shield and First Guardian failures, affecting over AUD 1 billion from 11,000 investors. ASIC has initiated 26 investigations, including stop orders, asset preservation, and litigation against super trustees, leading to Macquarie and Netwealth returning over AUD 420 million to members. ASIC is reviewing trustee practices and supports a government proposal for mandatory reporting of suspicious activities by trustees.
EnforcementInvestigations & enforcement actionsOther
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2026-03-26•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has issued a circular advising Authorized Agent Banks and their foreign exchange subsidiaries not to honor specific lost registration documents related to VAN MELLE INTERNATIONAL TRUST B.V.'s investments in PERFETTI VAN MELLE PHILS, INC. The lost documents cover a total of 2,416,000 shares registered between 1988 and 1989. Replacement documents have been applied for, in accordance with Section 38 of the Manual of Regulations on Foreign Exchange Transactions.
SupervisionAlertsLicence withdrawal
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2026-03-26•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario (FSRA) issued a warning that Final Expense Ontario and associated entities, including Hussain Ali Khan Mir, are not licensed to conduct insurance business in Ontario. FSRA cautioned against engaging with these parties for life and health insurance, as doing so may leave consumers unprotected under Ontario’s Insurance Act. The regulator urged potential victims to contact local police and submit complaints to aid in regulatory assessment.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-26•Honduras•Central Bank of Honduras
The Central Bank of Honduras issued a communiqué detailing its data collection via the national System of Sectoral Economic Surveys, urging public and institutional cooperation for enhanced macroeconomic statistics. The surveys, conducted at various frequencies, inform key indicators like GDP and CPI, with strict confidentiality maintained.
Data & statisticsEconomic data and developmentsSupervisory data
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2026-03-26•Brazil•Central Bank of Brazil
The Central Bank of Brazil outlined a 2026 improvement agenda for Pix at the 28th plenary meeting of the Pix Forum, focusing on misuse of the "description" field and expanding Pix Automatic to salary accounts. A working group will address inappropriate messages in transactions, emphasizing user education and transparency. Additional initiatives include hybrid billing rules and enhancements to the Pix Special Return Mechanism.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-03-26•Australia•Reserve Bank of Australia
Reserve Bank of Australia Assistant Governor Christopher Kent discussed the Monetary Policy Board's assessment of financial conditions, highlighting recent policy tightening due to less restrictive conditions than estimated. He noted an upward shift in short-run neutral rate perceptions and the impact of the Middle East conflict on financial conditions and policy rate expectations. Kent also addressed the Australian dollar's appreciation and credit growth trends, indicating a shift from restrictive to slightly accommodative conditions.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-03-26•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Circular Letter CVM/SRE 3/2026, supplementing previous guidance for lead coordinators on registration applications for tax-incentivized securities offerings. The letter addresses new parameterised fields in the SRE system, handling multi-project offerings, and filing requests for private equity investment funds. Accurate tax benefit information is emphasized to ensure proper supervision by the Ministry of Finance and Federal Revenue Secretariat.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-03-26•United States•Federal Reserve Board
Federal Reserve Board Governor Lisa D. Cook discussed the Committee on Financial Stability's approach to assessing financial stability using the Financial Stability Report (FSR) and scenario analysis. The biannual FSR focuses on asset valuations, borrowing, leverage, and funding risk, with recent attention on large banks' increased lending to nonbank financial institutions. Cook highlighted the importance of novel scenario narratives and challenges posed by data gaps in validating assessments.
Policy & regulationGuidance & interpretationFinancial stability and systemic risk
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2026-03-26•United States•Federal Reserve Board
Federal Reserve Board Governor Stephen I. Miran advocated reducing the Federal Reserve’s balance sheet without reverting to a scarce-reserves framework. He highlighted benefits like reducing market distortions and better separating monetary from fiscal policy, suggesting a reduction of USD 1 trillion to USD 2 trillion. Miran noted that balance-sheet reduction could be contractionary and affect the federal funds rate path, with implementation potentially taking several years.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2026-03-26•United States•Federal Reserve Board
Federal Reserve Board Vice Chair Philip N. Jefferson outlined an updated U.S. economic outlook, noting growth and a balanced labor market, but persistent inflation above the 2 percent target and increased near-term uncertainty. He supported the Federal Open Market Committee's decision to maintain the federal funds rate, citing the current stance as neutral and responsive to labor market and inflation risks. Jefferson highlighted factors such as energy costs and geopolitical risks impacting growth and inflation, with future rate adjustments dependent on evolving data and risk assessments.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-03-26•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs minority released a letter from Ranking Member Elizabeth Warren to Federal Reserve chair nominee Kevin Warsh, questioning his actions during the 2008 financial crisis and his monetary policy stance in 2009-2010. The letter criticizes Warsh's role in arranging bailouts and his preference for low inflation over addressing high unemployment. Warren also seeks clarification on Warsh's interactions with President Trump and Epstein.
OtherLeadership change and appointments
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2026-03-26•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has extended the relief exempting providers of generic financial calculators from certain licensing requirements under the Corporations Act 2001 until 1 April 2031. This new instrument replaces the expiring 2016 relief, maintaining the current approach deemed effective by ASIC. It provides relief from holding an Australian financial services licence with advice authorisation and from conduct and disclosure requirements for licensed providers.
Policy & regulationRules & requirementsRegulatory sandbox
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2026-03-26•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has decommissioned its Direct to APRA data submission system due to security vulnerabilities and is expediting the migration to the APRA Connect portal. Entities are advised to uninstall the D2A client and maintain data security controls, with interim reporting to continue under existing processes. APRA will provide further details on the transition to APRA Connect, which promises enhanced user experience and security.
SupervisionRegulatory reporting
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2026-03-26•Argentina•Argentina Securities Commission (CNV)
Argentina's Securities Commission (CNV) approved rules mandating a standardized "Ficha Única" for each open-end mutual fund, excluding those for qualified investors. The fact sheet, designed for retail investors, must include key fund information such as objectives, risk indicators, fees, and portfolio composition, and be published monthly on the management company's website.
Policy & regulationRules & requirementsDisclosures
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2026-03-25•Kyrgyzstan•National Bank of the Kyrgyz Republic
The Commissioner for the Prevention of Corruption at the National Bank of the Kyrgyz Republic lectured employees on the new Law on Combating Corruption. The session covered the law's goals, objectives, and main provisions, as well as current legislative requirements for combating corruption in the Kyrgyz Republic.
Policy & regulationGuidance & interpretationBribery and corruption
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2026-03-25•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined three individuals KGS 17,500 for unauthorized cash foreign currency exchange transactions in Bishkek. The transactions were conducted without a National Bank licence.
EnforcementInvestigations & enforcement actionsForeign exchange policy and marketsUnlicensed or unauthorized activity
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2026-03-25•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has released a draft Board resolution for public discussion to amend regulatory acts in line with new Kyrgyz legislation. The amendments aim to incorporate the requirements of the Law "On Consumer Credit" and the Law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic on Banking Legal Relations."
Policy & regulationRules & requirementsRegulatory burden
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2026-03-25•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has released a draft revision to the Comprehensive Supervision Guidelines for Financial Instruments Traders, aligning with updates to the Japan Securities Dealers Association’s self-regulatory rules. The amendments focus on investment solicitation and customer management by member firms.
Policy & regulationRules & requirementsSupervision process and methodologies
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2026-03-25•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported that its foreign-exchange cash resupply transactions from 9–25 March fully satisfied all bids, with supply exceeding demand, indicating no FX cash shortage. The 25 March transaction involved USD 50 million and EUR 10 million, with one bank participating and a demand of USD 40 million. These measures, initiated on 6 March after the illegal seizure of Oschadbank’s vehicles in Hungary, do not impact Ukraine’s international reserves.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-03-25•Japan•Bank of Japan
The Bank of Japan's working paper analyzes market perceptions of its monetary policy using survey data. Findings show minimal perceived policy response to inflation at the effective lower bound, increasing during rate hikes. Perceptions are state-dependent, with some expecting prolonged low rates and others stable long-term inflation expectations around 2%.
Research
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2026-03-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo hosted a World Bank Group delegation to review financial sector reforms, focusing on payments modernization, banking and insurance supervision, and financial inclusion. Discussions included the Financial Sector Development Project, Kosovo's SEPA integration, and updates on the Digital Financial Services Project. The World Bank Group pledged ongoing support through technical assistance and capacity building.
Policy & regulationImplementation, projects & pilotsCross-border cooperationFinancial stability and systemic risk
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2026-03-25•Mexico•CONDUSEF
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) renewed Grupo Financiero Banorte’s protocol for serving older adults, emphasizing safer and more inclusive financial access. The renewal acknowledges Banorte's initiatives like biometric controls, remote support, and inclusive digital tools to enhance service for older customers. CONDUSEF noted that about one third of its complaints involve older adults, averaging nearly 3,000 cases monthly.
Policy & regulationGuidance & interpretationOther
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2026-03-25•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) will hold its fifth ordinary Board of Directors meeting of 2026 online to discuss draft regulations on insurance distribution, mutualist property protection, insurance cooperatives, and the sanctions framework. Key agenda items include draft CNSP resolutions on brokers, self-regulatory entities, and Mutualist Property Protection Operations, as well as the revocation and replacement of existing resolutions and circulars. The meeting will be broadcast live on SUSEP’s YouTube channel, with the agenda and video accessible on its website.
Policy & regulationRules & requirementsOther
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2026-03-25•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) announced the swearing-in of seven Board of Commissioners members, including Friderica Widyasari Dewi as Chair and Hernawan Bekti Sasongko as Vice Chair. Five members were selected through the House of Representatives' fit-and-proper process, while two serve ex-officio. The Board's responsibilities span capital markets, market conduct supervision, financial technology, and more.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-25•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) has ordered the blocking of 14 websites for unlicensed financial activities, including four offering unauthorised investment services and ten providing unauthorised crypto-asset services. This enforcement action, under Italy's "Growth Decree" and the MiCAR framework, brings the total number of blocked sites to 1,622 since July 2019. Consob also emphasized investor due diligence and warned of evolving online fraud tactics.
EnforcementInvestigations & enforcement actionsFraud and scamsUnlicensed or unauthorized activity
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2026-03-25•Europe•European Parliament
The European Parliament will hold a joint debate on three legislative files to enhance depositor protection and expand EU bank failure laws, with a provisional agreement reached with member states. The measures aim to protect taxpayers by including more banks in the failure framework and harmonizing depositor protection across the EU. The debate with Commissioner Maria Luís Albuquerque is scheduled before the planned adoption on 26 March.
Policy & regulationRules & requirementsOther
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2026-03-25•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported that the banking industry remains solid with positive growth, despite negative outlook revisions by international rating agencies due to shifts in Indonesia’s sovereign credit outlook and global macroeconomic dynamics. January 2026 indicators showed robust credit and deposit growth, strong capital and liquidity ratios, and controlled non-performing loans. OJK will continue supervision to ensure prudent governance and risk management, coordinating with the Financial System Stability Committee to maintain stability.
SupervisionRisk monitoring & watch pointsAsset qualityCapital adequacyLiquidity risk
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2026-03-25•Jamaica•Bank of Jamaica
Bank of Jamaica Governor Richard Byles stressed strong corporate governance and risk management for sustainable profitability at the Caribbean CFO Conference. He highlighted resilience pillars like financial buffers, risk management, cyber security, and climate preparedness, warning against short-term earnings exceeding risk capacity. Byles noted Jamaica's improved financial stability framework and legislative efforts to resolve failing financial institutions without public funds, alongside plans for a "Twin Peaks" supervisory architecture.
Policy & regulationGuidance & interpretationCorporate governanceRisk management
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2026-03-25•United States•U.S. Department of the Treasury
The Financial Stability Oversight Council (FSOC) proposed new interpretative guidance on nonbank financial company designations, emphasizing an activities-based approach with entity-specific designations as a backstop. The guidance includes economic growth and security in risk analysis and mandates a cost-benefit analysis before designations. It also introduces a pre-designation "off-ramp" to enhance transparency and allow risk mitigation.
Policy & regulationGuidance & interpretationFinancial stability and systemic risk
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2026-03-25•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury's Financial Stability Oversight Council, chaired by Treasury Secretary Scott K. H. Bessent, reviewed financial stability and voted to publish proposed interpretive guidance on designating nonbank financial companies. The Council discussed banking sector developments, financial innovation, and household financial resilience, and received updates on regulatory reforms from key financial regulators.
Policy & regulationGuidance & interpretationFinancial stability and systemic riskArtificial intelligence
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2026-03-25•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has published supervisory observations from firms’ annual operational resilience self-assessments to reinforce compliance with its framework, highlighting stronger practices and areas needing improvement in impact tolerances, mapping, scenario testing, vulnerability management, communications and governance. In related joint material with the Bank of England and the Prudential Regulation Authority, the authorities set out effective practices for responding to and recovering from high-severity cyber disruption and signal they will continue requesting periodic self-assessments as firms reassess their ability to remain within impact tolerances.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2026-03-25•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City has launched interactive "LMI Data Books" to explore data on low- and moderate-income populations across its seven-state region. These tools provide county-level insights into demographics, employment, wages, and housing, supporting organizations serving LMI communities. Initial findings indicate slower wage growth for low- and moderate-wage jobs compared to higher-wage jobs, with housing price increases slowing and rents declining in LMI areas, except in some locations like Wyandotte County, Kansas.
Data & statisticsEconomic data and developmentsFinancial inclusion
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2026-03-25•Andorra•Ministry of Finance (Andorra)
Andorra’s Ministry of Finance has approved the 2026 issuance of euro coins with a total face value of EUR 6,039,160 under the 2011 Monetary Agreement with the EU, covering all circulation denominations and two commemorative EUR 2 coins. Minting has been awarded to Spain’s Fábrica Nacional de Moneda y Timbre – Real Casa de la Moneda, with 7,959,000 circulation coins, 60,000 units for each commemorative EUR 2 design, 7,000 presentation sets, and total minting and presentation expenditure of EUR 1,194,851.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-03-25•Global•International Monetary Fund
The International Monetary Fund has updated its views on designing and strengthening deposit insurance systems, emphasizing strong governance, mandatory bank membership, and coverage to protect most retail depositors. Key recommendations include ex ante funded insurance with public backstops, insuring foreign currency deposits, and expanding deposit insurance roles in bank resolution. The paper also addresses challenges such as shorter depositor access times and adapting to fintech products.
Policy & regulationInternational standards & recommendations
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2026-03-25•Zimbabwe•Securities & Exchange Commission of Zimbabwe
The Securities and Exchange Commission of Zimbabwe published the February 2026 GroWealth Unit Trust Report, setting out prices, fund sizes, investment terms and returns or yields for registered unit trust products. The data show mixed February performance, with many equity funds posting gains, gold funds declining and property funds split, while interest-bearing fund yields ranged from 8.00% to 20.01%. The report also notes that the Zimbabwe Stock Exchange All Share Index rose 0.86% in February and annual inflation eased to 0.1%.
Data & statisticsFinancial and market indicators
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2026-03-25•Global•IOSCO
The International Organization of Securities Commissions announced that the Monitoring Group has approved term extensions for members of the Public Interest Oversight Board.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-25•Jamaica•Jamaica Financial Services Commission
The Jamaica Financial Services Commission reminded overseas loss adjusters they must be registered under the Insurance Act, 2001 before working in Jamaica, and outlined a temporary registration regime for catastrophe-related work. Temporary Overseas Loss Adjusters may register for up to three months, limited to claims from Hurricane Melissa of 28 October 2025, and are subject to the Insurance Act and Regulations. The Commission also urged market participants to verify adjusters’ registration status and clarified it does not assure compliance with other laws.
Policy & regulationGuidance & interpretationLicence approval
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2026-03-25•Uganda•Uganda Capital Markets Authority
The Uganda Capital Markets Authority highlighted a capital markets education session at Makerere University Business School to improve student awareness of investment opportunities. The program covered government bonds, corporate bonds and unit trusts, with market intermediaries providing practical explanations of market operations and terminology. It forms part of CMA’s wider investor education agenda under its current strategic plan.
Financial literacy & educationFinancial literacy and education
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2026-03-25•Belgium•National Bank of Belgium
The National Bank of Belgium reported a reduced loss of EUR 1,521 million for 2025, down from EUR 3,679 million the previous year, with no dividends or allocation to the Belgian State. The improvement was due to a significant reduction in net interest expense, despite a fall in monetary income from Eurosystem pooling. The Bank anticipates continued pressure on its bottom line, projecting a cumulative loss of EUR 1.2 billion over five years, with profitability expected within that period.
Institutional developmentGovernance
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2026-03-25•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has begun recruiting for the Assistant Governor Financial Stability, a key leadership role crucial to the country's financial system stability. Angus McGregor will continue as Acting Assistant Governor Financial Stability, and Stan Christian as Acting Director Prudential Supervision during the recruitment process. The executive search is managed by Hobson Leavy, with an appointment anticipated in June 2026.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-03-25•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senator Elizabeth Warren expressed concerns about potential conflicts of interest involving Randall Guynn, the Federal Reserve’s new Director of the Division of Supervision and Regulation, due to his previous representation of large U.S. banks. In a letter, Warren requested details on any recusals, ethics guidance received, and compliance processes related to Guynn's role. The letter was published ahead of Guynn's testimony before the House Financial Services Committee.
Policy & regulationGuidance & interpretationCorporate governance
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2026-03-25•United States•U.S. Financial Services Committee
Republican Members of the U.S. Financial Services Committee have introduced proposals to reform the U.S. deposit insurance framework, focusing on banking stability and depositor confidence. Key measures include authorizing emergency transaction account guarantee programs and assessing increased insurance coverage for transaction accounts. These proposals build on previous reform efforts, including hearings and inquiries to the Federal Deposit Insurance Corporation (FDIC).
Policy & regulationRules & requirements
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2026-03-25•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee held a hearing on asset tokenization's impact on capital markets, focusing on regulatory implications and balancing innovation with investor protection and market integrity. Chairman French Hill emphasized tokenization's potential benefits, like increased efficiency and transparency, while questioning current securities laws' adequacy. The hearing aimed to identify regulatory gaps and inefficiencies that could risk or hinder market integrity and capital formation.
Policy & regulationReform agendas & prioritiesTokenization
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2026-03-25•Ghana•Bank of Ghana
The Bank of Ghana introduced a new Cyber and Information Security Directive (CISD) for the financial sector, updating its regulatory framework to enhance cyber defence and preparedness. The CISD succeeds the 2018 directive, addressing the evolved threat landscape due to digital transformation, cloud reliance, and AI-related risks. The central bank highlighted the importance of collaboration with industry and international partners in developing the directive.
Policy & regulationRules & requirementsCyber resilience
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2026-03-25•Brazil•Central Bank of Brazil
The Central Bank of Brazil released the January 2026 Regional Economic Activity Index (IBCR) dataset, including both observed and seasonally adjusted series.
Data & statisticsEconomic data and developments
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2026-03-25•Bermuda•Ministry of Finance (Bermuda)
Bermuda's Ministry of Finance reported on Premier and Minister of Finance David Burt's visit to Luxembourg to enhance bilateral relations in international finance, insurance, and investment. Meetings included discussions with Luxembourg's Prime Minister and Finance Minister, the European Investment Bank, and the Luxembourg Insurance and Reinsurance Association, focusing on technical support, investment partnerships, and maintaining Bermuda's Solvency II equivalence with the EU.
Policy & regulationCooperationCross-border cooperation
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2026-03-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam released General Secretary To Lam’s speech from the 14th Party Central Committee meeting, highlighting priorities for double-digit economic growth, macroeconomic stability, and inflation control. The speech emphasized substantive growth, effective resource use, governance reform, and a new development model focused on science, technology, and digital transformation.
Policy & regulationReform agendas & prioritiesOther
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2026-03-25•Belgium•National Bank of Belgium
The National Bank of Belgium published its annual climate-related disclosures for its non-monetary policy portfolios, outlining how it is reducing their climate impact and assessing climate-related risks and opportunities in line with its corporate social responsibility policy. The Bank reports progress towards targets under its Sustainable and Responsible Investment Charter, including lower total carbon emissions across sovereign and non-sovereign assets, declining carbon footprints in its corporate bond and equity portfolios, and an increase in thematic assets to 18.3% of the total.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2026-03-25•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported a significant rise in non-traditional fisheries and agricultural exports for January 2026. Fisheries exports surged 118.5% year on year to USD 168 million, driven by increased pota biomass availability, while agricultural exports grew 5.3% to USD 1,185 million, with notable increases in blueberries, avocados, and cocoa-based products.
Data & statisticsEconomic data and developments
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2026-03-25•Global•International Monetary Fund
The IMF's Executive Board concluded the 2026 Article IV consultation with Morocco, affirming its qualification for the Flexible Credit Line and maintaining the current access level. The consultation noted Morocco's stronger estimated 2025 growth of 4.9%, low inflation, and fiscal deficit improvements, with projections for continued growth and inflation stabilization. Directors supported Bank Al-Maghrib's policies and recommended further fiscal reforms, exchange rate flexibility, and enhanced monitoring of financial risks.
SupervisionRisk monitoring & watch pointsEconomic data and developments
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2026-03-25•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi's Governor, Edouard Normand Bigendako, met with a World Bank delegation for a mid-term evaluation of the Burundi Digital Economy Foundations Support Project. The World Bank noted an 85% budget engagement rate for the fiscal year and both parties committed to expediting the project's completion to bolster Burundi's digital economy.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2026-03-25•United States•Federal Reserve Board
The Federal Reserve Board released the Federal Reserve System’s 2025 audited financial statements, with unqualified opinions and no material misstatements reported by the independent auditor. The statements cover the 12 Federal Reserve Banks, the Board, and a COVID-19 response-linked LLC, detailing assets, liabilities, and operations as of December 31, 2025. Audits also assessed internal controls over financial reporting for the Reserve Banks and the Board.
Data & statisticsAccounting and financial reporting
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2026-03-25•United Kingdom•UK Parliament
The UK Parliament reports that the National Insurance Contributions (Employer Pensions Contributions) Bill has returned to the House of Lords for consideration of Commons amendments. The bill proposes a NICs charge on employer pension contributions via salary sacrifice arrangements exceeding GBP 2,000 annually. Lords will review Commons' disagreements on amendments concerning SMEs, charities, social enterprises, and student loan repayments.
Policy & regulationRules & requirementsOther
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2026-03-25•Europe•European Central Bank
The European Central Bank released a presentation by Executive Board member Philip R. Lane on the euro area outlook, assessing baseline, adverse, and severe scenarios due to potential energy supply disruptions from the Middle East conflict. The analysis examines impacts on real GDP growth and Harmonised Index of Consumer Prices (HICP) inflation, assuming no additional policy interventions. The scenarios consider varying degrees of disruption, infrastructure damage, and volatility, using ECB-BASE and ECB-Global models.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-03-25•United States•Federal Reserve Bank of Richmond
The Federal Reserve Bank of Richmond, in collaboration with Duke University and the Federal Reserve Bank of Atlanta, reported a positive U.S. economic outlook from The CFO Survey for Q1 2026, despite tariff policy uncertainties. Tariffs, labor quality, and demand remain top concerns, with firms maintaining demand and hiring plans. AI investments are rising, with expected productivity gains and shifts from routine to skilled roles, particularly in larger firms.
ResearchEconomic data and developments
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2026-03-25•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority introduced the Retirement Benefits Schemes (Amendment) Bill to Tynwald, aiming to modernize the Island’s pensions regulatory framework. The Bill seeks to enhance consumer protection, align with international standards, and boost sector competitiveness. The Authority's presentation and video detail the Bill's background, objectives, and the influence of stakeholder feedback on its development.
Policy & regulationRules & requirementsAML and CFTConsumer and investor protection
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2026-03-25•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners has formed a Market Conduct Regulation Modernization Working Group to review the market conduct regulatory framework. The initiative will assess the adequacy of current supervision in light of evolving insurer business models and practices, including AI and new distribution models. The project aims to enhance policyholder protection and improve framework efficiency and collaboration.
Policy & regulationReform agendas & prioritiesMarket development
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2026-03-25•Canada•British Columbia Securities Commission
The British Columbia Securities Commission has halted trading in Noveris Health Sciences Inc. securities due to unexplained fluctuations in trading volume and market price, and concerns over potential inconsistencies in the company's offering document and financial statements. Noveris's share price surged 423% on the Canadian Securities Exchange, with trading volumes significantly exceeding the prior average. The halt is in effect until 16 April 2026, with the possibility of extension.
SupervisionInterventionsMarket abuse
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2026-03-25•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) fined real estate developers 1014925 B.C. Ltd. and 0993137 B.C. Ltd., along with director Nirmal Singh Takhar, CAD 44,000 plus CAD 5,000 in enforcement expenses for not registering two developments and failing to submit assignments information in the Condo and Strata Assignment Integrity Register (CSAIR) as required by the Real Estate Development Marketing Act. CSAIR tracks assignment details for tax compliance and housing policy in British Columbia.
EnforcementInvestigations & enforcement actionsOther
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2026-03-25•Malta•Central Bank of Malta
The Central Bank of Malta reported that 1,097 counterfeit euro banknotes were withdrawn from circulation in 2025, a 29.9% annual decline. EUR 20 and EUR 50 notes represented 87.5% of the total, while overall counterfeiting remained negligible relative to the 30.22 million genuine notes in circulation.
Data & statisticsCurrency and cash management
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2026-03-25•Georgia•National Bank of Georgia
The National Bank of Georgia hosted a meeting with Governor Natia Turnava, Finance Minister Lasha Khutsishvili, and US and UK investors to discuss Georgia's macroeconomic outlook and investment climate. The discussions highlighted the well-capitalized and liquid Georgian banking sector and the development of the domestic corporate securities market. Investors expressed interest in capital-market opportunities, citing manageable inflation and strong macroeconomic indicators as attractive factors.
Monetary policyMonetary policy assessments & outlooksCross-border cooperation
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2026-03-25•Georgia•National Bank of Georgia
The National Bank of Georgia released interactive statistical press releases detailing trends in resident commercial banks' loan portfolios and deposits as of February 2026. These are accessible in the statistics section of its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-25•Georgia•National Bank of Georgia
The National Bank of Georgia hosted an International Monetary Fund mission for Article IV consultations, focusing on Georgia's macroeconomic conditions and financial stability. Discussions addressed global risks, including geopolitical tensions in the Middle East, and their potential impact on Georgia. The IMF team, led by Alejandro Hajdenberg, will conduct meetings with various NBG departments to review fiscal and monetary policies.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk