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2026-03-19•Russia•Central Bank of Russia
The Central Bank of Russia proposed a draft ordinance to lower local coefficients for compulsory motor third-party liability insurance in the Novosibirsk Region, citing improved anti-fraud measures. Reductions include a decrease from 3.12 to 2.34 for Novosibirsk and similar adjustments for Berdsk, Iskitim, and other localities. The bank will monitor the market, with future decisions contingent on market conditions and anti-misconduct efforts.
Policy & regulationRules & requirementsFraud and scams
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2026-03-19•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held an expanded Entrepreneurs Cooperation Council meeting to enhance collaboration between the financial sector and entrepreneurs, focusing on improving access to financial services. Discussions included real-sector financing, credit access, SME support, and innovative financial instruments. Chairman Taleh Kazimov emphasized the need for ongoing dialogue and mutual trust to implement initiatives.
Policy & regulationCooperationOther
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2026-03-19•Global•IOSCO
IOSCO released a consultation report proposing good practices for OTC commodity derivatives markets to enhance its Principles for Regulation and Supervision. The proposals aim to improve authorities' ability to obtain information, prevent disorderly markets, and respond to disruptions, focusing on data collection, position aggregation, and cross-border cooperation. Feedback will inform a final report offering implementation guidance for IOSCO members.
Policy & regulationInternational standards & recommendationsMarket infrastructure
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2026-03-19•Global•ISDA
The International Swaps and Derivatives Association (ISDA) released a whitepaper on regulatory and structural frictions in securities financing transactions (SFTs) during market stress, proposing changes to improve secured funding markets. Recommendations include recognizing cross product netting in the US capital framework, extending the standardized approach for counterparty credit risk (SA-CCR), and revising Basel III liquidity ratios. ISDA also suggests legal and operational alignment through ISDA documentation and the Common Domain Model for harmonized lifecycle event representations.
Policy & regulationInternational standards & recommendationsLiquidity riskPrudential risks
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2026-03-19•United Kingdom•Bank of England
Bank of England’s Monetary Policy Committee left Bank Rate unchanged at 3.75 % and kept gilt holdings at GBP 528 bn, following three 25 bp cuts between May and December 2025. Citing conflict-related spikes in energy and commodity prices, the MPC now sees CPI at 3–3.5 % in coming quarters and said it stands ready to act if second-round effects jeopardise the 2 % target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway released the "Solvency in Norwegian banks as at 31 December 2025" report, part of its series on solvency and liquidity for financial undertakings.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-03-19•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia reported international reserves of USD 128.1 billion as of 13 March 2026, sufficient to finance 4.7 months of imports and cover 0.9 times total short-term external debt. The central bank clarified that short-term external debt mainly involves resident banks' foreign currency operations and multinational corporations' borrowings, which can be settled from external assets without impacting the reserves.
Data & statistics
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2026-03-19•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has banned Kuo Che-jung, a former Yuanta Securities officer, for four and a half years and fined him $1 million for conducting matched trades in Hang Seng Index options and operating undisclosed accounts. Kuo executed trades favoring his wife's account at Yuanta's expense and concealed his interests with false declarations. The ban is effective from 19 March 2026 to 18 September 2030, with the SFC noting concerns about his fitness and properness.
EnforcementSanctions & designationsOther
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2026-03-19•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about scams involving fraudulent websites, internet banking login screens, and phishing emails linked to banks like The Bank of East Asia and OCBC Bank (Hong Kong). HKMA emphasized banks won't send messages with transaction hyperlinks or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2026-03-19•Moldova•National Bank of Moldova
The National Bank of Moldova issued a unified responsible lending regulation for banks and non-bank credit organisations to protect individuals from over-indebtedness. The regulation aligns approaches between banks and non-bank lenders, ensuring consistent consumer protections and allowing additional income sources like remittances to be considered. BNM analysis shows over 95% of employed individuals can still access zero-interest loans for instalment sales.
Policy & regulationRules & requirementsLending
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2026-03-19•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) has renewed and expanded its Geographic Targeting Order (GTO) to include more money services businesses (MSBs) in specific southwest border locations, requiring enhanced reporting for cash transactions between USD 1,000 and USD 10,000. The GTO now covers areas in Arizona, California, New Mexico, and Texas, aiming to aid law enforcement in investigating cartel-linked illicit finance and money laundering. The order is effective from March 7, 2026, to September 2, 2026, with extended filing deadlines for Currency Transaction Reports.
Policy & regulationRules & requirementsAML and CFTWhistleblowing
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2026-03-19•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission published financial examination findings for the second half of 2025 across 12 sectors, highlighting systemic deficiencies in AML/CFT/CPF, customer protection, cyber security, and real estate lending. Issues include weak onboarding and monitoring of high-risk customers, incomplete insurance and ETF disclosures, inadequate controls over personal data and privileged accounts, and insufficient scrutiny of lending to speculators and vacant-land projects. The authority will continue publishing findings and corrective actions to signal priorities and support stronger controls.
SupervisionReviews, inspections & stress testsAML and CFTConsumer and investor protectionCyber resilience
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2026-03-19•Armenia•Central Bank of Armenia
The Central Bank of Armenia hosted an International Monetary Fund mission led by Alexander Tieman to review macroeconomic developments and discuss policy issues. Key topics included monetary policy, foreign exchange interventions, and financial sector reforms, such as bank resolution and stablecoin regulation. The meeting also addressed capital market development, risk management, and payment system upgrades.
Policy & regulationCooperationFinancial stability and systemic riskPrudential risks
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2026-03-19•United Kingdom•HM Treasury
HM Treasury and the Japan Financial Services Agency released a joint statement summarizing discussions from the fourth UK-Japan Financial Regulatory Forum on 18 March 2026.
Policy & regulationCooperationCross-border cooperation
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2026-03-19•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini warned against Eswatini New Fund Asset Depositor and Green City Developers, citing false claims of a USD 1 billion currency swap and misleading returns. The Bank clarified no agreements exist with these entities and reminded that unlicensed banking is illegal under the Financial Institutions Act, 2005. It is monitoring for breaches and collaborating with regulators and law enforcement.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-19•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan released results from a 16 March 2026 attestation for insurance intermediary licensing. Participants must answer 70 test questions correctly to pass, with recorded scores of 52 and 54 points, and two entries without scores.
SupervisionAuthorisations & approvalsLicensing framework and process
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined five exchange bureaus in Bishkek KGS 55,000 each for violating Kyrgyz legislation and National Bank regulations. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unlicensed cash foreign-currency exchange operations in Bishkek.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported faster year-on-year growth in money supply and credit in February 2026, with M1B and M2 up 7.12% and 5.38% respectively and supported by Lunar New Year-related currency issuance and stronger bank lending and investment. Total outstanding loans and investments of monetary financial institutions rose 1.03% month on month, with annual growth increasing to 7.37%, driven by higher claims on the private sector and government.
Data & statisticsMonetary data
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Naryn regional office conducted a financial literacy lecture at Zh. Mambetov secondary school in Ak-Talaa village. The session covered basic financial literacy, managing credit bans in the Tunduk app, and addressing dropper activity.
Financial literacy & educationFinancial literacy and education
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic suspended the licence of exchange bureau OsOO “AktilekMik” in Bazar-Korgon, Jalal-Abad region, due to violations of Kyrgyz legislation and the bank's regulatory acts. The suspension is effective from 20 March to 3 April 2026.
EnforcementInvestigations & enforcement actionsOther
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2026-03-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic imposed fines of KGS 17,500 each on Kyrgyz citizens E.Ö.T., R.R.S., and T.A.B. for unlicensed cash foreign currency exchange operations in Bishkek.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-19•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 hosted a forum at Turan University on financial technologies and consumer fraud protection, under the Fingramota.kz project and OECD's Global Money Week. Discussions included personal finance management, fintech solutions, fraud schemes, and the National Bank's Anti-Fraud Center's efforts. The event also featured a financial quiz and a video contest with winning entries showcased nationwide.
Financial literacy & educationFinancial literacy and education
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2026-03-19•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 urged borrowers to review loan agreements to avoid financial difficulties. Key points include checking loan terms, interest rates, repayment schedules, and understanding penalties and data processing conditions. Borrowers should seek clarification from lenders and recognize the impact of timely repayments on credit history.
Policy & regulationGuidance & interpretationLendingPrudential risks
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2026-03-19•China•Central Bank of the Republic of China
The People's Bank of China, led by Governor Pan Gongsheng, outlined its 2026 priorities, maintaining a "moderately loose" monetary policy with targeted financial support and risk mitigation. Strategies include reserve requirement adjustments, bond transactions, and enhanced interest-rate policy supervision to ensure liquidity and stable renminbi exchange rates. The agenda emphasizes structural monetary policy optimization, local government debt risk management, and reforms to strengthen macroprudential frameworks and cross-border financial connectivity.
Monetary policyMonetary policy framework & strategyOther
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2026-03-19•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration, with other agencies, set 2026 priorities to clean up non-compliant local financial organizations and market misconduct. The program targets microloan, financing guarantee, pawnshops, financial leasing, commercial factoring, and local asset management companies, using public disclosure and withdrawal of qualifications. By 2025's end, these organizations decreased by 26% year-on-year, with over 5,600 non-compliant institutions exited since 2024.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-03-19•Switzerland•Swiss National Bank
The Swiss National Bank kept its policy rate at 0 % on 19 Mar 2026, maintaining the post-June-2025 stance and signalling greater readiness to intervene in foreign-exchange markets to counter rapid franc appreciation. While energy-linked pressures lifted headline inflation to 0.1 %, the SNB’s conditional forecast remains at 0.5 % for 2026-27 and 0.6 % for 2028, supporting its view that medium-term price stability is intact.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Sweden•Riksbank
Sveriges Riksbank held the policy rate at 1.75 % and reiterated that it expects to keep it there “for some time”, arguing this stance balances activity support with a return of inflation to the 2 % target amid Middle-East conflict uncertainty. The board noted weaker core inflation but higher energy costs and said it stands ready to adjust policy if the outlook shifts.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Philippines•Central Bank of the Philippines
The Financial Stability Coordination Council, led by Central Bank of the Philippines Governor Eli M. Remolona, Jr., reaffirmed the strength of the Philippine financial system but stressed vigilance on concentration risks and systemic vulnerabilities. The council noted strong capital and liquidity support banking resilience but expressed concerns over concentrated corporate exposures and rising leverage. It plans to expand surveillance, improve data quality, and enhance oversight, especially for non-bank financial institutions and early intervention frameworks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-03-19•Jordan•Central Bank of Jordan
The Central Bank of Jordan kept its key rate at 5.75% and left all other policy rates unchanged, saying this supports monetary stability, banking soundness and the dinar’s appeal amid global and regional uncertainty. It underscored solid fundamentals—foreign reserves at USD 28.2 bn (9.9 months of imports), lower dollarisation and 1.11% YTD inflation—and pledged readiness to act if conditions shift.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•Canada•Payments Canada
Payments Canada has approved Meridian Credit Union as its first credit union member following amendments to the Canadian Payments Act, which now allow provincial credit unions to join directly. This membership grants access to policy development and payment expertise, and is a step toward direct participation in Payments Canada systems. Additionally, five new payment service providers were approved as members in January, marking the first wave of new members since the eligibility expansion.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-19•Lithuania•Ministry of Finance (Lithuania)
Lithuania's Ministry of Finance and the Bank of Lithuania have developed a supervisory model for the National Development Bank ILTE, incorporating insights from the European Investment Bank and the European Bank for Reconstruction and Development. The framework applies banking prudential standards with proportionate capital, risk management, governance, and control requirements to enhance risk supervision, transparency, and digital security. A draft law outlining the implementation principles will be submitted for coordination.
Policy & regulationRules & requirementsOther
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2026-03-19•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority (FIN-FSA) reported that Finland's financial sector remained well-capitalised and solvent in 2025 despite geopolitical and market uncertainties. FIN-FSA supports EU regulatory simplification but warns against compromising resilience and stability, noting a rise in payment fraud. Banking capital ratios improved slightly, while the employee pension sector's solvency capital increased, and insurance sector solvency showed mixed results.
SupervisionRisk monitoring & watch pointsCapital adequacyFinancial stability and systemic risk
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2026-03-19•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance and the Bank of Latvia have proposed draft laws for public consultation to establish a recovery and resolution framework for insurance and reinsurance undertakings and update the framework for credit institutions and investment brokerage firms. The drafts align with the EU's Directive (EU) 2025/1, enhancing financial stability and policyholder protection while minimizing public sector financial support. The initiative aims to harmonize national regimes and improve crisis management for cross-border insurance groups.
Policy & regulationRules & requirementsRecovery and resolution
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2026-03-19•Europe•European Payments Council
The European Payments Council has issued guidelines recommending a "Federated Approach" to enhance the adoption of the SEPA Request-to-Pay scheme. This approach aims to facilitate a smooth transition for existing intra-community initiatives and ensure cross-community interoperability. Governance of technical and functional components will be standardized, while business aspects remain at the discretion of individual communities.
Policy & regulationGuidance & interpretationPayments and payment systems
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2026-03-19•Chile•Chile Financial Market Commission
The Chile Financial Market Commission announced leadership changes with three senior directors stepping down and deputy appointments effective from 20 March. Nicolás Álvarez, Alfredo Pistelli, and Claudia Soriano will assume roles in Market Conduct Supervision, Studies, and the General Legal Directorate, respectively. The CMF described these changes as a leadership renewal to address new priorities and challenges.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-19•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has updated its Mutual Funds Portal with data as of December 2025, showing the industry managing over USD 98 billion and serving more than 3.7 million participants. The portal will be updated quarterly.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-19•Chile•Chile Financial Market Commission
Chile's Financial Market Commission announced leadership changes in three General Directorates, effective March 20. Nicolás Álvarez, Alfredo Pistelli, and Claudia Soriano will assume deputy leadership roles in Market Conduct Supervision, Studies, and the General Legal Directorate, respectively. The CMF described these changes as a leadership renewal to address new priorities and challenges.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-19•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand released a Summary of Submissions and Key Decisions from its Liquidity Management Review, confirming weekly full allotment liquidity injections at a fixed spread to the Official Cash Rate. This new Open Market Operations framework, effective 2 April 2026, aims to enhance market liquidity and support financial stability. Additionally, the Committed Liquidity Facility will be operational by December 2028, aligning with the Deposit Takers Act standards.
Monetary policyMonetary policy framework & strategyLiquidity risk
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2026-03-19•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has refreshed its Mutual Funds Portal with data as of December 2025, detailing mutual fund profitability, costs, portfolio holdings, and industry activity. The update shows the industry managing over USD 98 billion in investments for more than 3.7 million participants. The portal will be updated quarterly.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-19•Argentina•Argentina Securities Commission (CNV)
At the 21st Capital Markets and Corporate Finance Symposium, CNV chair Roberto E. Silva outlined efforts to modernize and deregulate Argentina's capital markets while ensuring transparency and investor protection. He reported a 90% increase in private financing since 2018 and highlighted initiatives like the Automatic Public Offering framework and crowdfunding proposals. Silva also discussed regulating Labour Assistance Funds and enforcement actions, including sanctions against ALYCs and a cease order against a virtual asset service provider.
Policy & regulationRules & requirementsMarket development
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2026-03-19•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines hosted its second Iftar in Manila to strengthen partnerships for Shari’ah-compliant finance development. BSP Deputy Governor Lyn I. Javier and Senior Assistant Governor Arifa A. Ala emphasized Islamic finance's role in integrating into the financial system and expanding access to value-aligned products. The BSP highlighted IFCF-led initiatives, including roadshows, sukuk issuances, and licensing of Islamic banking and takaful providers.
OtherMarket development
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2026-03-19•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published results of its 19 March 2026 foreign exchange intervention purchase auction, detailing participation and pricing. Nine participants were filled, with executed request sizes ranging from USD 200,000 to USD 35,000,000 at a weighted average rate of 9.5977 USD/TJS.
Monetary policyMonetary policy instruments & operationsBalance of payments and other external statistics
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2026-03-19•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission is consulting on allowing government-issued financial instruments to count toward the PHP 10 million portfolio threshold for qualified individual buyers. Existing financial and investment experience requirements would otherwise remain, and comments are due by March 31, 2026.
Policy & regulationRules & requirementsConsumer and investor protectionSecurities offerings and listingsMarket development
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2026-03-19•Philippines•Philippines Insurance Commission
The Financial Stability Coordination Council affirmed the Philippine financial system’s resilience but warned that concentrated corporate exposures could amplify shocks. It is strengthening surveillance, data quality and oversight while monitoring corporate leverage, consumer credit and housing loans.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskCapital adequacyLiquidity risk
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2026-03-19•Israel•Ministry of Finance (Israel)
Israel's Ministry of Finance announced that its banking reform to enhance market competition, including establishing new small banks, was approved by the Knesset Public Enterprises Committee and awaits further readings in the Knesset plenum. The reform aims to increase competition in retail banking, improve deposit returns, and lower borrowing costs for households and SMEs. An economist estimates potential household savings of at least ILS 4.5 billion annually, with additional measures including a review team for deposit insurance and restrictions on mergers among small banks.
Policy & regulationRules & requirementsMarket development
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2026-03-19•Namibia•Bank of Namibia
The Bank of Namibia used a staff engagement with Prime Minister Dr. Tjitunga Elijah Ngurare to outline its strategic priorities, including digital transformation, data and artificial intelligence capabilities, and its mandate for monetary and financial stability. It also highlighted the Instant Payment Platform and Digital Public Infrastructure as key projects to expand faster, more secure and more inclusive financial services. The Prime Minister reaffirmed government support and urged financial institutions to address socio-economic pressures through a more inclusive approach.
Policy & regulationImplementation, projects & pilotsFintech and insurtechArtificial intelligenceFinancial stability and systemic risk
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2026-03-19•Taiwan•Central Bank of Taiwan
Central Bank of the Republic of China (Taiwan) kept its discount rate at 2.00% (secured-loan refinancing 2.375%, temporary accommodation 4.25%) while projecting 2026 GDP growth of 7.28% and CPI of 1.80% amid geopolitical and trade uncertainties. The Board also relaxed macro-prudential curbs by raising the loan-to-value ceiling on second-home mortgages to 60%.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service released preliminary 2025 data showing an 8.9% decline in net income for credit card companies to KRW2.3602 trillion, while other specialized credit finance companies saw a 43.1% increase to KRW3.5524 trillion. Credit card companies had flat revenues with rising expenses, improved asset delinquency, and increased capital adequacy. Specialized credit finance companies, excluding credit card companies, benefited from revenue growth in leases and securities, with improved delinquency and capital adequacy metrics.
Data & statisticsActivity and performance reporting
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2026-03-19•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) reported a robust end to 2025 for Hong Kong's capital markets, driven by innovations in listings and digital assets. The SFC highlighted concerns over IPO gatekeeping, with plans for thematic inspections of sponsors following a January circular on deficiencies and misconduct. Hong Kong raised over HKD 280 billion in IPOs, saw significant growth in digital assets and ETFs, and secured its first custodial sentence against an unlicensed finfluencer.
SupervisionReviews, inspections & stress tests
-
2026-03-19•Vietnam•State Bank of Vietnam
The State Bank of Vietnam held a training conference on Circular 83/2025/TT-NHNN, updating internal control system requirements for banks to align with Basel Committee standards. Effective 1 July 2026, the circular mandates stress testing, a revised "three lines of defence" framework, and enhanced risk data management. The central bank plans to issue further risk governance frameworks and conduct additional training for consistent implementation.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2026-03-19•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission launched the "Warm-hearted Restaurant with Insurance Coverage" project, promoting risk management through labels for restaurants with liability insurance. Businesses receive stickers indicating coverage for third-party injury, property damage, and legal costs, with a "Plus+" label for additional food and beverage service coverage. The initiative collaborates with the insurance industry to support diverse food businesses.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-19•Global•International Monetary Fund
The IMF's end-of-mission statement for the 2026 Article IV consultation with Solomon Islands projects growth slowing to 2.7% and inflation averaging 4.8%. Urgent priorities include fiscal consolidation, realistic budgeting, enhanced tax enforcement, and maintaining the fixed exchange rate regime. The financial sector is sound, but legislative upgrades and improved governance are needed, alongside addressing fiscal reporting delays and climate-related debt pressures.
Policy & regulationPeer reviews and country evaluationsEconomic data and developmentsFinancial stability and systemic risk
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2026-03-19•Global•International Monetary Fund
The IMF assessed macro and financial spillovers from the Middle East conflict, noting significant disruptions from the Strait of Hormuz closure and a 50% rise in oil and gas prices. The IMF is engaging with member countries on potential impacts and support options, with no formal emergency financing requests received. Updates include ongoing talks with Lebanon, approved program reviews for Egypt, and a new Extended Fund Facility for Ukraine.
ResearchEconomic data and developmentsFinancial stability and systemic risk
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2026-03-19•Japan•Bank of Japan
Bank of Japan voted 8–1 to keep the uncollateralised overnight call rate at around 0.75%, judging the recovery intact and inflation near 2%, and reiterated that, contingent on its baseline outlook, it plans further rate hikes to secure its price-stability goal.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-19•New Zealand•Department of Internal Affairs
New Zealand’s Department of Internal Affairs issued guidance for law firms on managing legal professional privilege in relation to suspicious activity reporting under the Anti-Money Laundering and Countering Financing of Terrorism Act. The guidance addresses balancing privileged communications with reporting obligations.
Policy & regulationGuidance & interpretationAML and CFT
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2026-03-19•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) expelled 801 members, primarily for non-payment, insolvency, or lack of authorization, under section 3.4(a) of the AFCA Constitution. Prospero Markets Pty Ltd is set for expulsion on 25 March 2026. Expelled members required by law to maintain AFCA membership may seek reinstatement upon rectifying issues and meeting additional conditions.
EnforcementSanctions & designationsOther
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2026-03-19•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a balance of payments (BOP) deficit of USD 2.3 billion in February 2026, with a total deficit of USD 2.7 billion for January to February. Gross international reserves (GIR) rose to USD 113.3 billion by end-February, providing a liquidity buffer equivalent to 7.5 months of imports and covering 4.3 times the short-term external debt.
Data & statisticsBalance of payments and other external statistics
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2026-03-18•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama held a training session for the banking sector on compliance reporting updates, focusing on new structures and data quality challenges. The session covered changes to the RE01, PB01, and PB02 reporting frameworks to standardize submissions and enhance supervisory effectiveness against money laundering and financing risks. Led by Coordinator Yodalys Gómez, 85 bank representatives received guidance on adapting to the updated requirements.
SupervisionRegulatory reporting
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2026-03-18•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendency of Colombia summarized Superintendent César Ferrari’s remarks at a CELAC–Africa High-Level Forum, urging the global financial system to enhance climate finance by redirecting financing flows. Ferrari highlighted the limited allocation of private credit markets, around 35% of GDP, to climate action and noted Colombia’s capital market size at 1.1% of GDP. He advocated reorienting credit markets towards green projects and adjusting evaluation criteria to support sustainable development.
OtherClimate risk and sustainable finance
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2026-03-18•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic introduced Almaz Baketaev as its new Chairman. Adylbek Kasymaliev, Chairman of the Cabinet of Ministers, emphasized the Bank's mandate for price and system stability. Baketaev expressed commitment to advancing the financial sector.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-18•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported a 4.0% decline in gross foreign direct investment (FDI) inflows to USD 3,059.2 million in 2025, while net FDI flows rose 7.6% to USD 1,502.5 million. Related-party debt disbursements comprised 50.5% of gross inflows, with significant net FDI flows in manufacturing, energy and mining, and financial intermediation. Panama, Barbados, and the United States were the largest sources of net inflows.
Data & statisticsBalance of payments and other external statistics
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2026-03-18•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its quarterly House Price Index report for Q4 2025, detailing index results and real estate market developments. The report and related time series are available on its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-18•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined five exchange offices in Bishkek KGS 55,000 each for breaching legal and regulatory requirements. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unlicensed cash foreign currency exchange transactions.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2026-03-18•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic announced the start of an IMF mission for Article IV consultations. Discussions with Chairman M.Zh. Turgunbaev and the IMF team, led by Dmitry Gershenson, focused on the macroeconomic situation, inflation drivers, external challenges, and the National Bank's monetary policy and financial stability measures. The consultation will include meetings with the Cabinet of Ministers and other organizations.
Monetary policyMonetary policy assessments & outlooksOther
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2026-03-18•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two payment institutions in Bishkek a total of KGS 550,000 for breaching national legislation and the bank's regulations.
EnforcementInvestigations & enforcement actionsCompliance
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2026-03-18•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported no shortage of foreign currency cash, as banks' demand was below the available supply. On 18 March 2026, USD 100 million and EUR 30 million were offered, with only USD 50 million and EUR 30 million demanded. The NBU remains prepared to meet FX cash needs, with measures initiated after the illegal seizure of Oschadbank’s vehicles in Hungary, without impacting Ukraine’s international reserves.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-03-18•Israel•Bank of Israel
The Bank of Israel reported a USD 28 billion increase in outstanding liabilities abroad and a USD 29 billion rise in foreign assets for Q4 2025, raising the surplus of assets over liabilities by USD 1 billion to USD 263 billion. Nonresidents' direct investment in Israel and the value of Israeli securities held by nonresidents rose, while Israeli residents' foreign investments and securities prices also increased. Net external debt grew by USD 9 billion to USD 331 billion, with the gross external debt-to-GDP ratio declining to 26.6 percent.
Data & statisticsBalance of payments and other external statistics
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2026-03-18•Israel•Bank of Israel
The Bank of Israel reported a 0.2% increase in its monthly Index of Economic Activity for February, indicating slower growth than the previous three months and below the long-term trend of 0.3%. Positive contributions came from imports and the Tel Aviv Stock Exchange, while trade revenue, exports, job vacancies, and gasoline consumption were offsetting factors. The index does not account for the economic impact of Operation Roaring Lion, which began on February 28, and recent readings were revised downward due to updated data.
Data & statisticsEconomic data and developments
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2026-03-18•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye, as the national coordinator for Global Money Week, organized museum visits in Ankara and Istanbul to enhance children's financial awareness. Nearly 150 middle school students participated, learning about the history of money, savings, and banking culture through educational content and workshops. School representatives expressed positive feedback and gratitude to the Board and contributing institutions.
Financial literacy & educationFinancial literacy and education
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2026-03-18•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo, with the Kosovo Banking Association and German Sparkassenstiftung, co-hosted the "Stock Market Learning Competition" awards to promote financial education for young bankers. Deputy Governor Nesrin Shileku-Shala emphasized the central bank's dedication to financial education, consumer protection, and EU-aligned capital market development. The event was part of Global Money Week, linking financial education with technological change.
Financial literacy & educationFinancial literacy and education
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2026-03-18•Europe•European Securities and Markets Authority
The European Securities and Markets Authority announced that the United States Securities and Exchange Commission will exempt directors and officers of European Economic Area foreign private issuers from Section 16(a) reporting requirements of the US Securities Exchange Act of 1934. This exemption aligns with the EU's Market Abuse Regulation, which has similar disclosure requirements for managerial personnel.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-03-18•Japan•Japan Financial Services Agency
The Japan Financial Services Agency summarized Finance Minister Katayama’s press conference after the 10th Japan–Republic of Korea Financial Dialogue, focusing on economic conditions, financial stability, and cooperation. Key topics included energy supply risks, currency depreciation concerns, and economic security, with Japan planning to release inventories and promote critical minerals supply chain diversification. Cooperation will continue through ASEAN+3, G20, and bilateral engagements.
Policy & regulationCooperationGeopolitical risk
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2026-03-18•Japan•Japan Financial Services Agency
The Japan Financial Services Agency summarized Finance Minister Katayama's press conference on urgent fuel-oil support measures, including subsidies to lower gasoline prices to JPY 170 per litre starting 19 March. Katayama noted the fiscal impact is uncertain due to volatile crude oil prices and geopolitical tensions, with a fuel-subsidy fund balance of JPY 280 billion and a fiscal-year reserve fund of JPY 860 billion available. He emphasized the government's commitment to maintaining support amid potential distribution bottlenecks and supply concerns.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-18•United Kingdom•Bank of England
The Bank of England's Prudential Regulation Authority has issued Supervisory Statement 1/26, detailing expectations for firms to comply with operational incident reporting requirements under the PRA Rulebook, effective 18 March 2027. These requirements aim to enhance the operational resilience of the UK financial sector by standardizing incident reporting for risks to firms' safety, policyholder protection, or UK financial stability. The statement applies to UK banks, building societies, PRA-designated investment firms, UK branches of overseas banks, UK Solvency II firms, the Society of Lloyd’s, and its managing agents.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2026-03-18•Italy•Bank of Italy
The Bank of Italy hosted a workshop in Rome on behavioural finance and neurofinance, emphasizing their role in enhancing financial decision-making and customer protection. The event, co-organized with Tor Vergata University and Università Politecnica delle Marche, included discussions on applying research to protect customers amid digitalization of financial products and sales channels.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2026-03-18•United Kingdom•UK Parliament
The UK Parliament’s Treasury Committee Chair has urged legislation for a statutory lock requiring the Committee's consent for appointing or dismissing the Financial Ombudsman Service (FOS) Chair to ensure independence. This mirrors the Budget Responsibility and National Audit Act 2011, allowing the Committee to veto appointments to the Office for Budget Responsibility. The request follows the Treasury's consultation response indicating plans to make the FOS Chair a government appointment, aligning with other significant financial services roles.
Policy & regulationRules & requirementsOther
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2026-03-18•Global•International Monetary Fund
The International Monetary Fund has updated its Primary Commodity Prices resources, offering a downloadable dataset and an interactive Commodity Data Portal for tracking international commodity price developments. The portal provides monthly updated prices for 68 commodities across energy, agriculture, fertilizers, and metals, along with a commodity terms of trade database for 182 economies.
Data & statisticsFintech and insurtechArtificial intelligence
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2026-03-18•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait announced that Standard & Poor’s has affirmed Kuwait’s sovereign ratings at AA- with a stable outlook. This follows an S&P ratings update and an Arabic-language ratings highlights statement.
OtherCredit ratings
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2026-03-18•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency revised Fannie Mae and Freddie Mac mortgage insurance requirements to lower homeowners insurance costs and enhance mortgage eligibility, focusing on rural areas and condos. The updates permit Actual Cash Value coverage for roofs while retaining Replacement Cost Value for other property parts. Additionally, the "maximum per-unit deductible" requirement for condos is simplified, and a 2024 insurance clarification is removed to expedite claims and reduce costs.
Policy & regulationRules & requirementsOther
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2026-03-18•France•Bank of France
The Bank of France announced senior appointments in its Financial Stability and Operations Directorate General. Philippe Mongars is now head of the financial stability division and Deputy Secretary General of the Prudential Supervision and Resolution Authority, while Elie Lewi becomes Deputy Director General for Financial Stability and Operations. Both bring extensive experience in financial stability, market operations, and regulatory roles.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-18•United States•National Credit Union Administration
The National Credit Union Administration released its Q4 2025 state-level credit union data report, highlighting a 3.3% increase in median assets and a 0.7% rise in median loans outstanding. The median loan-to-share ratio was 70%, with aggregate membership growth despite a 0.5% decline in median membership, particularly among smaller credit unions. Profitability improved, with 88% of federally insured credit unions reporting positive net income, up from 86% in Q4 2024.
Data & statisticsSupervisory data
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2026-03-18•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has released guidance to help firms design consumer segments for targeted support, building on policy statement PS25/22. Segments should reflect shared financial needs without comprehensive investment advice, using readily accessible data. The Financial Ombudsman Service will consider this guidance in complaints, and the FCA offers pre-application support for firms developing these propositions.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-03-18•Uganda•Bank of Uganda
The Bank of Uganda said Lomodi Forex Bureau Limited voluntarily ceased engaging in foreign exchange business with effect from 18 March 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-18•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee's Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity held a hearing on the 1951 Treasury Fed Accord's impact on central banking. Chairman Frank Lucas plans to introduce a resolution for dialogue between the Treasury and the Federal Reserve to enhance market resilience and maintain monetary policy independence. Lucas emphasized improved communication on quantitative easing and reserve management to address the rising deficit and ensure stability.
Policy & regulationCooperationMonetary policy decisions and developments
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2026-03-18•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission released a consolidated text from the Ministry of Finance, merging Circular 98/2020/TT-BTC and Circular 136/2025/TT-BTC on securities investment fund management. This consolidation was authenticated by the Minister of Finance on 16 March 2026.
Policy & regulationGuidance & interpretationOther
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2026-03-18•Brazil•Central Bank of Brazil
The Central Bank of Brazil published its monthly update on foreign exchange flow, detailing data on contracted foreign exchange transactions and banks' positions in the spot market.
Data & statisticsForeign exchange policy and markets
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2026-03-18•Portugal•Portuguese Insurance Regulator (ASF)
Portugal’s National Council of Financial Supervisors and the Ministry of Education published the 2026–2030 strategic plan for the National Financial Education Plan, prioritizing financial literacy for children and young people. The strategy includes developing materials and training programs for teachers and students, focusing on integrating financial literacy into the curriculum. Additionally, the plan addresses adult education and aims to enhance the operational efficiency of the National Financial Education Plan.
Financial literacy & educationFinancial literacy and education
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2026-03-18•United Arab Emirates•Central Bank of the UAE
The Central Bank of the United Arab Emirates kept the Base Rate on its Overnight Deposit Facility at 3.65 %, matching the US Federal Reserve’s steady stance and extending the hold that followed three 25 bp cuts between September and December 2025. It also left the standing credit facility rate 50 bp above the Base Rate, preserving the corridor for overnight market rates and offering no further data or guidance.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-18•Congo•Congo Insurance Regulation and Control Authority
Congo Insurance Regulation and Control Authority Director General Alain Kaninda emphasized the mandatory nature of insurance under the Insurance Code in the Democratic Republic of the Congo. He also highlighted the strategic significance of the memorandum of understanding signed with the Chinese insurance regulator, NFRA, in May 2025.
Policy & regulationCooperationOther
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2026-03-18•Global•Financial Action Task Force
The Financial Action Task Force (FATF) participated in the UN Office on Drugs and Crime and INTERPOL Global Fraud Summit, highlighting the growing threat of technologically enabled fraud. FATF hosted a side event on using its Anti-Money Laundering Toolkit to combat fraud, featuring discussions on transaction freezing, beneficial ownership transparency, virtual asset tracing, and public-private information sharing.
Policy & regulationCooperationFraud and scamsAML and CFT
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2026-03-18•United Kingdom•Bank of England
The Bank of England has finalized its IOREP rules for financial market infrastructures, standardizing the reporting of significant operational incidents and third-party arrangements to boost resilience. Applicable to UK central counterparties, securities depositories, payment operators, and service providers, reporting via Financial Conduct Authority platforms starts 18 March 2027. The Bank is consulting on revoking duplicative reporting for central counterparties, aligning with IOREP.
Policy & regulationRules & requirementsOperational risk and resilienceOutsourcing and third-party risk management
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2026-03-18•Peru•Central Bank of Peru
The Central Bank of Peru reported a 3.9% year-on-year increase in nationwide formal employment for January 2026, marking 22 consecutive months of growth. Private-sector formal employment rose by 5.3%, with significant job creation in services, agriculture, and commerce. Electronic payroll records indicated 4.536 million private formal jobs, up from 4.307 million the previous year.
Data & statisticsEconomic data and developments
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2026-03-18•Global•Egmont Group
At the Global Fraud Summit in Vienna, Egmont Group leaders highlighted the pivotal role of Financial Intelligence Units (FIUs) in combating sophisticated, borderless fraud. They stressed the importance of international information sharing, public-private partnerships, and technology in enhancing operational disruption. The Group also contributed to INTERPOL’s Global Financial Fraud Threat Assessment, emphasizing FIU cooperation with law enforcement to improve detection and disrupt illicit flows.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-03-18•Qatar•Qatar Central Bank
Qatar Central Bank’s Monetary Policy Committee kept the stance unchanged in March, holding the QCB Deposit Rate at 3.85%, Lending Rate at 4.35% and Repo Rate at 4.10%. The committee has remained on hold since three successive 25 bp cuts between September and December 2025 lowered each rate by a cumulative 75 bp and offered no further guidance.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-18•Albania•Bank of Albania
The Bank of Albania and World Bank executives discussed enhancing collaboration on financial stability and sector development, focusing on projects under the World Bank’s Development Policy Lending program for 2026–2027. Governor Gent Sejko emphasized monetary policy guided by economic data, price stability, and fiscal policy considerations. Discussions included financial stability progress, EU standards alignment, and payment-system modernization after Albania’s SEPA membership.
Policy & regulationCooperationOther
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2026-03-18•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has revised Article 50 of the General Insurance Activity Regulation to enhance supervision of voluntary insurer liquidations, ensuring obligations to policyholders and affected third parties are met. This update, under Law No 20.091, strengthens oversight by allowing the Superintendency to intervene in liquidation processes if necessary.
Policy & regulationRules & requirementsRecovery and resolution
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2026-03-18•United States•Federal Reserve Board
FOMC on 18 March 2026 kept the federal funds target range at 3.50-3.75 percent, citing solid growth, still-elevated inflation and heightened uncertainty. This second straight pause after three 25 bp cuts in late 2025 passed 10-1, with Stephen I. Miran voting for a further 25 bp reduction.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-18•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency issued an Order of Prohibition against Tabitha McCallister for unauthorized withdrawals at Old National Bank, totaling over USD 19,000. Additionally, the OCC terminated four enforcement actions against various banks, including Heritage Bank and 1st National Bank, upon meeting requirements or due to changed circumstances.
EnforcementInvestigations & enforcement actionsOther
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2026-03-18•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision's 2025 Annual Report emphasizes risk-based, efficient supervision amid geopolitical uncertainty, focusing on banks' resilience to shocks. Key indicators for significant institutions remain solid, with a Common Equity Tier 1 ratio of around 16% and a non-performing loan ratio of around 2%. The ECB is streamlining supervision by reducing stress test data templates and supervisory reporting, and standardizing processes for capital decisions and assessments.
SupervisionSupervision approach, priorities & toolkitCapital adequacyAsset qualityFinancial stability and systemic risk
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2026-03-18•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority summarized a 10 March roundtable on underwriting guarantees, gathering market views on current functions and future expectations. The meeting responded to the Law (2026:56) on penalties for unlawful financial activity, criminalizing unlicensed financial business since 1 March 2026. Participants included industry associations, trading venues, the Swedish Bar Association, and various investment firms and banks.
Policy & regulationGuidance & interpretationSecurities offerings and listings