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2026-03-15•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) reported the completion of a banking crime case involving PT BPR Duta Niaga Pontianak, with final convictions by the Pontianak District Court as of 6 February 2026. Two debtors and senior bank officials, including the President Director and Operations Director, received prison sentences of up to four years and fines of up to IDR 600,000,000 for falsifying bank records and obtaining non-compliant credit facilities. OJK reiterated that debtors proven to have committed banking offences can face criminal sanctions and urged borrowers to act honestly and transparently.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-15•Oman•Oman Financial Services Authority
The Oman Financial Services Authority approved a regulation for actuarial services firms, establishing a framework for those serving insurance and Takaful companies. It mandates founders and at least one actuary hold a Fellowship qualification from specified bodies, subject to FSA approval, and formalizes supervisory powers including inspections and penalties. Existing firms have a one-year grace period to comply.
Policy & regulationRules & requirementsOther
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2026-03-15•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) issued an enforcement update highlighting criminal sanctions for bank borrowers involved in banking crimes, referencing the PT BPR Duta Niaga Pontianak case. The Pontianak District Court convicted borrowers and bank officials for falsifying bank records, with sentences ranging from one to four years' imprisonment and fines up to IDR 600 million.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-15•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services supports President Trump's executive order to remove regulatory barriers to affordable home construction, aligning with bipartisan housing efforts. The committee chairs plan to collaborate on codifying the order's reforms in a housing bill to reduce costs and increase supply.
Policy & regulationReform agendas & prioritiesOther
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2026-03-14•Tanzania•Tanzania Insurance Regulatory Authority
The Bank of Tanzania plans to establish Tanzania Credit Guarantee PLC to manage credit guarantees, separating these from regulatory functions for better efficiency. A meeting on 12 March 2026, led by Deputy Governor Dr Yamungu Kayandabila, included stakeholders like the Tanzania Insurance Regulatory Authority. The central bank currently oversees the Export and SME Credit Guarantee Schemes, supporting lending for projects lacking collateral.
Policy & regulationImplementation, projects & pilotsSME financing
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2026-03-14•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority granted Lumin Soft preliminary approval to join its fintech regulatory sandbox, marking it as the third company to do so. The initiative aims to create a digital pathway for verifying non-Egyptians' identities using NFC-enabled electronic passports, facilitating access to non-bank financial services. Lumin Soft will conduct live tests of its model, integrating with Azimut Investments Egypt's platform under FRA oversight.
SupervisionInnovation & testingFintech and insurtech
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2026-03-14•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission has launched the 2026 “3·15” financial consumer rights protection campaign to enhance consumer protection awareness and risk prevention. The initiative addresses disorderly online financial marketing and promotes the use of digital tools to meet diverse financial needs, aiming to foster a clean and orderly financial market environment.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2026-03-13•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo and the Kosovo Tax Administration discussed enhancing inter-institutional cooperation, focusing on financial supervision, transparency, and integrity. Key topics included financial transaction regulation, data sharing, digitalisation, and financial inclusion. Both parties agreed to continue coordinated efforts and consider a cooperation memorandum to formalize collaboration.
Policy & regulationCooperationCross-border cooperation
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2026-03-13•Mexico•Central Bank of Mexico
The Central Bank of Mexico's Directorate General of Payment Systems and Market Infrastructures has launched its 2026 Internal Summer Researchers Programme for PhD students to research payment systems and financial market infrastructures. Participants may receive up to USD 6,900 before tax, including travel and performance-based incentives, for a research period of up to 60 days. The programme requires in-person participation with limited remote work options and involves a contract for professional services with the central bank.
Institutional developmentWorkforce & recruitmentOther
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2026-03-13•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro held a working breakfast with media representatives to discuss implementing the new Law on Consumer Credits. Vice Governor Gordana Kalezic highlighted measures to enhance consumer protection, increase credit product transparency, and strengthen trust in the financial system. The discussion emphasized informing citizens about their financial rights and obligations and the role of institutions in fostering a fairer financial system.
Financial literacy & educationConsumer and investor protection
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2026-03-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic updated the licenses of Open Joint Stock Company 'Aiyl Bank' to reflect its name change to Open Joint-Stock Company 'ABank' (ABank OJSC). The updated naming is specified in the state language, the official language, and English.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Issyk-Kul Regional Department conducted guest lectures at I. Biybosunov Karakol Pedagogical College on financial literacy topics, including loan application self-prohibition and QR code payments.
Financial literacy & educationFinancial literacy and education
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2026-03-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic suspended the licenses of Prestige Money A LLC and Kamchy Capital LLC for regulatory violations, effective from 13 March 2026. Additionally, an individual was fined KGS 17,500 for unauthorized cash foreign exchange transactions in the Chui region.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-13•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has amended its temporary export permission, permitting Kyrgyz commercial banks to export non-obsolete cash US dollars until 1 October 2026.
Policy & regulationRules & requirementsCurrency and cash management
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2026-03-13•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) released its complaint management report for H2 2025, noting 331 complaints with a 74% resolution rate. Insurers accounted for 312 complaints and pension fund management companies for 19, marking a 13% decrease from the previous period. Key issues included delays in claims settlement, non-payment of indemnities, poor communication, and non-compliance with complaint-handling rules.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2026-03-13•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has released draft amendments to the Enforcement Regulations of the Banking Act and related supervisory guidelines for public comment. Key proposals include expanding investment targets for investment companies, allowing crossover investments in venture businesses, and adding M&A brokerage to permitted activities. The draft also addresses income dependence regulations for leasing companies and clarifies loan trading rules.
Policy & regulationRules & requirementsLicensing framework and process
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2026-03-13•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported low demand and fully satisfied bids in its recent foreign currency cash supply transactions, confirming no shortage of foreign-exchange cash. The NBU offered USD 100 million and EUR 50 million, with only one bank bidding USD 30 million and EUR 20 million. These measures, adopted after the illegal seizure of Oschadbank vehicles in Hungary, do not impact Ukraine’s international reserves.
Monetary policyMonetary policy instruments & operationsCurrency and cash management
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2026-03-13•Japan•Japan Securities and Exchange Surveillance Commission
The Japan Securities and Exchange Surveillance Commission recommended administrative action against Yamabiko Investment Advisors Co., Ltd. for unregistered investment advisory activities and governance failures. The firm, controlled by Akira Yamada, was involved in unauthorized advisory services and concealed regulatory breaches. The recommendation suggests supervisory measures, including a potential business improvement order.
SupervisionReviews, inspections & stress testsUnlicensed or unauthorized activity
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2026-03-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) participated in the 18th Insurance and Pensions Law Congress, discussing Brazil's new Insurance Contract Law and its impacts. SUSEP highlighted the ongoing regulatory implementation of Law No. 15.040/2024 as a high-priority topic in its 2026 Regulation Plan. Directors engaged in panels on life insurance adaptation, regulation and claims settlement, and large-risk insurance.
Policy & regulationGuidance & interpretationOther
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2026-03-13•Global•Financial Markets Standards Board
The Financial Markets Standards Board appointed Joanna Bonnett as a Non-Executive Director, effective 1 March 2026. Bonnett brings 25 years of experience in finance, treasury, risk, and sustainability, currently serving as Group Treasurer and Global Head of Insurance at Straumann AG. Her governance experience includes roles with the Association of Corporate Treasurers and contributions to financial regulation initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-13•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released detailed interest rate data for deposits and loans for each credit institution for January 2026. Additional related information is available on its website.
Data & statisticsMonetary data
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2026-03-13•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde’s Behavioural Supervision Office announced activities for the 14th Global Money Week from 16 to 28 March 2026, focusing on financial awareness for youth. The programme, themed “Smart money talks,” will expand to Chã das Caldeiras, Brava, and inland Santiago, emphasizing practical financial skills and fraud protection. Collaborating with the Cabo Verde Stock Exchange and others, the initiative aligns with the Bank's conduct-supervision role.
Financial literacy & educationFinancial literacy and education
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2026-03-13•Japan•Japan Financial Services Agency
The Japan Financial Services Agency concluded FinTech Demonstration Experiment Hub Project No. 9, confirming that verifiable credentials (VCs) can achieve technical interoperability for identity verification across multiple issuers and verifiers. However, governance, wallet security, and legal positioning remain significant challenges for real-world deployment. The pilot, involving Mitsubishi UFJ Trust and Banking Corporation, highlighted issues such as rules for issuers, wallet operations, and the legal limitations under Japanese law.
Policy & regulationImplementation, projects & pilotsDigital identity
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2026-03-13•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released results from FinTech Demonstration Experiment Hub Project No. 10, testing Automated Market Maker (AMM) services with KYC-verified wallets to mitigate ML/FT risks. The experiment confirmed the effectiveness of controls like blocking transactions with invalid KYC tokens. The FSA noted that AMMs using imitation tokens do not fall under Japan's crypto-asset exchange framework, but decentralized exchange protocols might, warranting further examination.
Policy & regulationImplementation, projects & pilotsFintech and insurtechAML and CFT
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2026-03-13•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Pension Funds Administrators announced the 2026 World Savings Week, celebrating a decade of financial education linked to the OECD's global initiative. The event, from 16 to 22 March, focuses on engaging young people with topics like savings, credit, and digital financial risks. It features over 1,000 activities nationwide, including a "Savings Run" and financial education fair in Miraflores.
Financial literacy & educationFinancial literacy and education
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2026-03-13•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has suspended the registration of Petrofund – Sociedade de Capital de Risco, S.A. for 60 business days due to deficiencies in operational, technological, human capital, and financial capacities. This decision, effective from 10 February 2026, was made under Article 13 of Regulation No. 2/19 and Article 40 of the Legal Regime for Collective Investment Undertakings.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2026-03-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
SUSEP has approved new bylaws to enhance governance and reallocate responsibilities, effective 1 April 2026. The restructuring aligns with Decree No. 12,801, introducing new coordination-general units and redistributing core functions, including splitting the former Coordination-General for Special Regimes into three units. Additionally, SUSEP established separate units for conduct monitoring and inspections, and created a prudential and accounting regulation unit.
Institutional developmentMandate & organizational structureOrganizational structure
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2026-03-13•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has released its 2026 Inspection and Supervisory Technical Meetings Plan to enhance risk-based supervision and increase its physical presence with capital markets participants. Prepared by the Strategic Risk Supervision Superintendence, the plan follows guidelines from the Governance and Risk Management Committee and aligns with CVM Resolution 53. Approved in November 2025, this inaugural plan will apply for one year, with future plans to be biennial.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-03-13•Europe•Committee on Economic and Monetary Affairs
The Committee on Economic and Monetary Affairs will conduct a public hearing on 19 March 2026 to evaluate the impact of neobanks on the Banking Union. Experts will provide insights on potential effects and policy strategies.
Policy & regulationOtherFintech and insurtechMarket development
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2026-03-13•Italy•Bank of Italy
The Bank of Italy's research paper details enhancements to its credit assessment system for Italian non-financial firms, focusing on the "expert assessment" overlay. Incorporating analysts' judgments, including climate-related risk and sector analysis, improves rating quality, increasing the AUROC by about 2 percentage points. The expert overlay also maintains ICAS performance during macroeconomic stress.
ResearchClimate risk and sustainable finance
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2026-03-13•Ireland•Department of Finance (Ireland)
Ireland’s Department of Finance published a Credit Union Stabilisation Fund process note and FAQ, and repaid EUR 10 million from the Credit Institutions’ Resolution Fund (CIRF) to the Exchequer, ending Exchequer funding of the CIRF. Developed with the Central Bank of Ireland, the documents outline the fund’s purpose, access criteria, and funding conditions. A nil levy for the sector’s contributions to the resolution and stabilisation funds applies from 1 October 2025 to 30 September 2029, subject to compliance with specified conditions.
Policy & regulationGuidance & interpretationRecovery and resolution
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2026-03-13•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission reported on the 4th Africa Network of Insurers Associations Annual General Meeting in Accra, focusing on strengthening Africa’s insurance sector and increasing market penetration. Commissioner Dr. Abiba Zakariah highlighted challenges like reliance on foreign reinsurers and low market penetration of about 3% compared to the global average of 7.4%. Emphasis was placed on strong regulatory frameworks, innovation, and building public confidence through financial literacy.
Policy & regulationCooperationMarket development
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2026-03-13•Europe•Committee on Economic and Monetary Affairs
The European Parliament Committee on Economic and Monetary Affairs will hold an exchange of views on 18 March 2026 with the Chairs of the IFRS Foundation, IASB, and ISSB. This session is part of the EU's scrutiny of the endorsement process for International Financial Reporting Standards. The ISSB, established in 2021, focuses on developing international sustainability reporting standards.
Policy & regulationCooperationAccounting and financial reporting
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2026-03-13•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America (GAFILAT), in collaboration with the World Bank and the International Monetary Fund, conducted an Evaluators Training Course in Washington D.C. to prepare experts for the fifth round of mutual evaluations. The course, attended by 46 participants from 17 countries and three international organisations, focused on the mutual evaluation process, risk analysis, and assessing AML/CFT/CPF frameworks.
Policy & regulationImplementation, projects & pilotsCapacity buildingAML and CFT
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2026-03-13•Japan•Bank of Japan
The Bank of Japan released the Regular Derivatives Market Statistics for positions as of end-December 2025, along with an updated long-term time-series dataset. The data, available since June 1998, can be accessed through the BOJ Time-Series Data Search and is aggregated by the Bank for International Settlements for global publication.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-13•Australia•Australian Securities & Investments Commission
ASIC has disqualified Vincenzo Frank Tesoriero from managing corporations for five years due to his role in the failure of 20 companies. ASIC cited improper conduct, including fraudulent receipt of AUD 2,105,015, misuse of company funds for personal mortgage payments, and failure to maintain adequate records. Tesoriero may seek a review of the decision by the Administrative Review Tribunal.
EnforcementInvestigations & enforcement actionsOther
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2026-03-13•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance, with the Central Bank, confirmed Serie B banknotes in BOB 10, BOB 20, and BOB 50 as valid legal tender, offering optional exchange for Serie A notes. This follows recovery operations after a theft in a recent air accident, with stolen notes identified and invalidated. The exchange starts 16 March at financial institutions and Central Bank offices, ensuring immediate replacement for acceptance issues.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-03-13•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission published a decision by the former Financial and Consumer Services Tribunal, finding John Albert McKellar and 668054 N.B. LTD. in violation of New Brunswick’s Real Estate Agents Act and Securities Act. The decision is available on the Commission’s website, with related decisions accessible through the Regulator Decisions database. As of June 2023, the Tribunal's functions have transferred to the New Brunswick Energy and Utilities Board.
EnforcementInvestigations & enforcement actions
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2026-03-13•Canada•Ombudsman for Banking Services and Investments
The Ombudsman for Banking Services and Investments (OBSI) released its 2025 Annual Report, marking its first year as the sole external complaints body for all Canadian banks. The report highlights a significant rise in demand, with inquiries and complaints nearly doubling due to banking fraud and service-related issues. OBSI identified three systemic issues for regulators and noted that its recommendations are non-binding, with over 1,300 complaints resulting in CAD 5.8 million in compensation.
OtherComplaints and dispute resolution
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2026-03-13•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission announced a default judgment against Safety Capital Management Inc. and GNS Capital Inc. for retail forex fraud, imposing USD 835,058 in restitution and civil monetary penalties of USD 1,441,143 and USD 186,102, respectively. The judgment permanently enjoins the companies from further violations of the Commodity Exchange Act and CFTC regulations. The case involved exploitation of Korean-language speakers in Queens, with related criminal convictions for John H. Won and Tae Hung Kang.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-13•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force reaffirmed its commitment to collaborate with member countries and international partners to combat money laundering, terrorist financing, and proliferation financing. The statement emphasizes strengthening international cooperation and regional coordination to protect financial systems and address illicit financial flows. Joint actions are highlighted as crucial for enhancing financial transparency and regional stability.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2026-03-13•Botswana•Bank of Botswana
S&P Global Ratings downgraded Botswana’s long-term foreign and local currency sovereign ratings from BBB to BBB-, and short-term debt ratings from A-2 to A-3, maintaining a negative outlook. The downgrade reflects expectations of prolonged subdued global demand for diamonds, impacting fiscal revenue and export earnings. Despite a strong institutional framework and net external asset position, Botswana's diamond-dependent economy remains a constraint, with potential for outlook revision contingent on improved growth and diversification efforts.
OtherCredit ratings
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2026-03-13•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
MENAFATF reaffirmed its commitment to collaborate with member countries and international partners to enhance readiness for mutual evaluations and promote standards against money laundering and terrorist financing. The statement emphasizes strengthening frameworks for cooperation to protect financial systems and address illicit financial flows. MENAFATF highlighted the importance of joint action in advancing financial transparency and regional stability.
Policy & regulationInternational standards & recommendationsAML and CFTCross-border cooperation
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2026-03-13•Chile•Central Bank of Chile
The Central Bank of Chile and the Deutsche Bundesbank have signed a memorandum of understanding to enhance technical cooperation. The agreement, signed in Santiago, includes joint training, technical advice, seminars, and specialist visits to support mutual learning and capacity-building in central banking.
Policy & regulationCooperationCross-border cooperation
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2026-03-13•Barbados•Barbados Financial Services Commission
The Barbados Financial Services Commission has issued a notice of payout to members and other interested parties of Progressive Co-operative Credit Union Limited, which has been placed into liquidation, and will manage the distribution of its assets. The Commission confirmed that the credit union’s registration was cancelled effective 12 December 2024 under the Financial Services Commission Act, with liquidation proceeding under section 152(d) of the Co-operative Societies Act, Cap. 378A.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-03-13•Luxembourg•Ministry of Finance (Luxembourg)
The Luxembourg Ministry of Finance reported on Finance Minister Gilles Roth’s participation in Eurogroup and ECOFIN meetings in Brussels, where ministers discussed Banking Union developments, geoeconomic risks and financing for innovative companies. Luxembourg backed the regulatory package on integration and supervision of European markets and competitiveness, while opposing extra administrative burdens, costs and centralized supervision. The Council approved access for the European Public Prosecutor’s Office and the European Anti-Fraud Office to EU-level VAT information. ECOFIN also reviewed economic implications of the war in Ukraine and recent G20 and IMF meetings, and Roth held bilateral talks with the European Commissioner for Taxation on the proposed tobacco taxation directive.
Policy & regulationOtherCross-border cooperationMacroprudential policy and tools
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2026-03-13•United States•Federal Reserve Board
The Federal Reserve Board executed consent prohibition orders against Cassandra Grayson and Sandra Adams, former employees of Equity Bank and First State Bank of Dongola, respectively. Grayson was charged with embezzlement of bank funds, while Adams faced allegations of misappropriating customer funds.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-13•Moldova•National Bank of Moldova
The National Bank of Moldova is preparing an Executive Committee decision to amend the Instruction on reporting by non-bank credit organisations, focusing on ownership transparency. This initiative follows amendments to Article 23(4)(b) of Law No. 1/2018, introduced by Law No. 229/2025, and aims to update Annex 10 of the Instruction and clarify report completion.
Policy & regulationRules & requirementsRegulatory reporting
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2026-03-13•Moldova•National Bank of Moldova
The National Bank of Moldova reported on Governor Anca Dragu's meeting with Romanian Parliament members to enhance dialogue on Moldova’s EU integration and review alignment with EU standards. Discussions included Moldova's accession to the Single Euro Payments Area (SEPA) and pursuit of European Banking Authority recognition of prudential equivalence. Romania's support, including technical assistance, was emphasized, with both parties committed to ongoing financial-sector reforms.
Policy & regulationCooperationCross-border cooperation
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2026-03-13•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank announced the election of Ms. Karina Karaivanova-Ganozova as Deputy Governor in charge of the Issue Department for a six-year term by the National Assembly.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-13•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank (BNB) received an award for its role in curbing the informal economy through its management of Bulgaria's euro introduction. The award highlights the euro area's support for financial transparency and stricter regulatory standards. Governor Dimitar Radev emphasized the BNB's efforts to enhance trust and transparency, including a public campaign on euro security features.
Other
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2026-03-13•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) sanctioned Daniel A. Casanovas y Asociados S.A. for disposing of clients’ negotiable securities without consent. The enforcement includes a fine based on the benefit obtained, disqualification of directors, and a market operation ban for the firm and its directors. The CNV emphasized that such actions violate core principles of custody and client instruction execution.
EnforcementInvestigations & enforcement actionsClient asset custody and safekeeping
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia's 2025 Q4 review shows a 2% quarterly increase in bank loans to developers, reaching RUB 10.2 trillion, driven by large-scale escrow account releases. Escrow inflows rose 46% from Q3 and 58% year-on-year to RUB 2 trillion, with full-year inflows at RUB 5.5 trillion, partly due to anticipated changes in the Family Mortgage programme. Escrow funds covered 69% of developers' debt, while the average interest rate on developer loans was 10.2%, lower than the 16.0% for corporate loans.
Data & statisticsLendingAsset quality
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia issued guidance to financial market participants, recommending board-level procedures for monitoring consumer protection. Firms are advised to establish a consumer protection committee to oversee professional conduct and propose improvements to employee incentive schemes. The committee chair should meet standards akin to an independent director under the Corporate Governance Code.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia reported an average maximum interest rate of 13.87% for Russian rouble household deposits from the top 10 credit institutions for early March 2026. Rates varied by maturity, with 13.31% for up to 90 days and 11.73% for over one year. The data excludes special-category deposits and is based on publicly available information.
Data & statisticsFinancial and market indicators
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2026-03-13•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported the results of a foreign exchange intervention via a US dollar sale auction, clearing at a weighted-average rate of 9.6125 Tajik somoni per US dollar. The auction involved 11 participants with order sizes between USD 1,000,000 and USD 15,000,000.
Monetary policyMonetary policy instruments & operationsLiquidity riskPrudential risks
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2026-03-13•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency warned of deepfakes in cyberattacks and fraud. The notice outlines scenarios like impersonation for bank access and fraudulent credit, highlighting rushed requests and secrecy demands. It emphasizes two-factor authentication and biometrics in remote financial services to enhance cybersecurity.
Financial literacy & educationCyber resilience
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2026-03-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission, chaired by Wu Qing, held a meeting to align its work with President Xi Jinping’s directives and the 15th Five-Year Plan, focusing on risk prevention, supervision, and capital market development. Initiatives include enhancing market-stabilisation mechanisms, advancing STAR Market and ChiNext reforms, and improving governance and value of listed companies. Enforcement will target financial fraud, market manipulation, and insider trading, while strengthening the regulatory framework and investor protection.
Policy & regulationReform agendas & prioritiesOther
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2026-03-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) has consolidated and revised standards for securities investment fund reports into a single rule, effective 1 May 2026, to enhance transparency and unitholder protection. The new standard integrates overlapping disclosure items, introduces differentiated requirements, and aligns with international practices. The fund industry association will develop XBRL templates based on the standard.
Policy & regulationRules & requirementsDisclosures
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2026-03-13•China•Central Bank of the Republic of China
The Central Bank of the Republic of China released preliminary end-February 2026 monetary and financing statistics, noting total social financing outstanding at CNY 451.4 trillion, up 8.2% year on year. Broad money (M2) reached CNY 349.22 trillion, a 9% increase, with CNY loans to the real economy at CNY 274.15 trillion, representing 60.7% of total social financing. The report highlights adjustments, including expanded coverage of non-deposit-taking financial institutions and a revised M1 definition.
Data & statisticsMonetary data
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2026-03-13•China•Central Bank of the Republic of China
At the Bank for International Settlements governors meeting in Basel, central bank governors discussed the global economic and financial situation, the Middle East conflict's potential impact, and AI use in the Asia-Pacific banking sector. People's Bank of China Deputy Governor Xuan Changneng engaged with representatives from central banks and international organizations on mutual interests.
Monetary policyOtherCross-border cooperation
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2026-03-13•China•China Banking and Insurance Regulatory Commission
The Central Commission for Discipline Inspection and National Supervisory Commission, with Hubei authorities, concluded an investigation into Liu Wei, a former inspector at the National Financial Regulatory Administration, resulting in his expulsion from the Communist Party and dismissal from public office. Liu was found guilty of disciplinary violations, including securing benefits for others and accepting bribes. The Xiangyang Municipal Supervisory Commission has referred the criminal case to prosecutors.
EnforcementInvestigations & enforcement actionsBribery and corruption
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2026-03-13•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission conducted supervisory talks with five platforms, including Fenqile and Qifu Jietiao, regarding their internet loan-assistance activities. The platforms were instructed to standardize marketing, disclose loan terms clearly, adhere to personal information protection, conduct lawful debt collection, and enhance complaint handling.
SupervisionInterventionsConsumer and investor protection
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2026-03-13•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission, Ministry of Finance, and Ministry of Agriculture and Rural Affairs issued a joint notice to enhance pig insurance, focusing on underwriting accuracy, product sustainability, and market conduct oversight. The notice mandates online "insurance-disposal linkage," end-to-end data connectivity, improved product supply, and premium rate adjustments. It emphasizes faster claims processing and stricter penalties for non-compliance, including potential cancellation of insurance qualifications.
Policy & regulationRules & requirementsOther
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2026-03-13•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a USD 5.7 billion balance of payments deficit (1.2% of GDP) for 2025, reversing a USD 609 million surplus (0.1% of GDP) in 2024. The deficit was due to reduced financial account inflows amid tighter global conditions, despite a narrowing current account deficit from improved trade and strong services receipts. Financial account net inflows declined as residents increased investments in foreign debt securities, while foreign direct investments and bank loans moderated.
Data & statisticsBalance of payments and other external statistics
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2026-03-13•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has been named "Reserve Manager" for 2026 by Central Banking, recognizing its modernization of reserves management. Improvements include strategic asset allocation upgrades, active risk management, diversification, and enhanced guidelines for responsible investing. The bank's gross international reserves stood at USD 112.7 billion at end-February 2026, covering 7.5 months of imports and 4.2 times short-term external debt.
OtherAsset qualityOperational excellence
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2026-03-13•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 1.0% decline in outstanding external debt to USD 147.65 billion at the end of December 2025, with improved debt manageability indicators. The decline was due to net sales of debt securities and valuation adjustments, partially offset by new borrowings. External debt as a percentage of GDP decreased to 30.3%, while the debt service ratio improved to 8.3% from 11.5% a year earlier.
Data & statisticsBalance of payments and other external statistics
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2026-03-13•Germany•German Bundesbank
The German Bundesbank's monthly statistics reveal a significant increase in bond market activity in January 2026, with gross issuance reaching EUR 156.2bn. The stock of domestic debt securities rose by EUR 49.5bn, while foreign securities outstanding in Germany increased by EUR 29.0bn. Net issuance was driven by the public sector and domestic credit institutions, with non-residents being the main buyers of German debt securities.
Data & statisticsFinancial and market indicators
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2026-03-13•United States•Federal Reserve Board
The Federal Reserve Board executed consent prohibition orders against two former bank employees for alleged misconduct involving funds. Cassandra Grayson of Equity Bank, Kansas, was implicated in embezzling bank funds, while Sandra Adams of First State Bank, Illinois, was involved in misappropriating customer funds.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-13•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market outlined its digital financial reporting strategy, emphasizing integrating International Financial Reporting Standards (IFRS) into XBRL. This approach, coordinated with national bodies, aims to enhance data comparability and facilitate large-scale analysis for investment and regulatory purposes. XBRL filing is mandatory for entities using IFRS, with the IFRS taxonomy providing a comprehensive data structure.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2026-03-13•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has unveiled a concept for the draft Law of Ukraine “On Financial Markets Infrastructure” to modernize capital markets infrastructure in line with European models. The framework addresses settlement systems, clearing infrastructure, central securities depository roles, and risk management mechanisms, aligning with EU law. Market participants are invited to provide feedback before the Commission finalizes the draft.
Policy & regulationRules & requirementsMarket infrastructure
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2026-03-13•Netherlands•Dutch Authority for the Financial Markets
Dutch Authority for the Financial Markets chair Laura van Geest warns against regulatory reductions causing unstable "pendulum" lawmaking. She cites the rollback of EU sustainability reporting rules as crisis-driven, poor-quality regulation. Van Geest calls for tighter regulation of non-bank financial institutions to address risk migration and suggests considering Sweden's institutional approach in EU negotiations.
Policy & regulationReform agendas & priorities
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2026-03-13•South Africa•South African Reserve Bank
The South African Reserve Bank’s Financial Surveillance Department has revoked Forex World (Pty) Limited’s status as an Authorised Dealer in foreign exchange with limited authority. Forex World will be removed from relevant sections of the Currency and Exchanges Manual and associated guideline documents. This action is in accordance with the Exchange Control Regulations under Government Notice No. R.1111.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-13•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) has requested Euronext to extend the suspension of RAPID NUTRITION shares due to suspected market abuse linked to a "pump-and-dump" scheme. The suspension, initially from 19 February to 13 March 2026, may be extended to 10 April 2026 for further analysis. The AMF advises investors to remain cautious and submit any relevant evidence of aggressive sales tactics.
SupervisionInterventionsMarket abuse
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2026-03-13•Europe•European Central Bank
The European Central Bank's weekly balance sheet data shows a decrease in total assets and liabilities to EUR 6,168,261 million, down EUR 8,203 million from the previous week. Key changes include a EUR 6,990 million decline in securities held for monetary policy purposes and an EUR 11,750 million drop in deposit facility balances. Lending to euro area credit institutions increased by EUR 957 million, while current accounts rose by EUR 3,437 million.
Data & statisticsBalance of payments and other external statistics
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2026-03-13•United States•New York State Department of Financial Services
The New York State Department of Financial Services updated Governor Kathy Hochul’s auto insurance reform package, projected to save the Metropolitan Transportation Authority USD 48 million annually by reducing liability in certain crash settlements. The reforms modernize New York’s auto liability framework, addressing staged-accident fraud and disproportionate damage awards, while mandating insurer accountability and incentivizing safe driving. The package is part of the FY 2027 Executive Budget under consideration by the New York State Legislature.
Policy & regulationReform agendas & prioritiesOther
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2026-03-13•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland appointed Elizabeth Marengo as senior vice president and chief human resources officer, effective March 9. Marengo, formerly chief people officer at HMH, brings over 20 years of experience in human resources and talent strategy. She will lead efforts to attract and retain staff across the Fourth Federal Reserve District.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-03-13•Global•International Monetary Fund
IMF Deputy Managing Director Nigel Clarke emphasized leveraging Latin America's energy and minerals for economic development through resilient supply chains and domestic value capture. Priorities include adapting to a fragmented global production landscape, promoting diversification, and fostering long-term investment. He highlighted regional integration and trade agreements, like the EU–Mercosur agreement, as vital for increasing and diversifying exports.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable finance
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2026-03-13•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance, via Minister Kyriakos Pierrakakis, outlined potential measures in response to the Middle East crisis, focusing on oil and gas price impacts, with USD 100 per barrel as a reference. The interview emphasized a unified European energy market, diversification from Russian gas, and domestic priorities like EUR 4.5 billion in Crete infrastructure investments. Pierrakakis stressed qualitative assessments for interventions and the European Central Bank's independence.
Policy & regulationReform agendas & prioritiesOther
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2026-03-13•Macao•Monetary Authority of Macao
The Monetary Authority of Macao, together with the Macao Institute of Financial Training and the Macao Association of Banks, will continue its Financial Talent Training Pilot Project on wealth management in summer 2026, offering structured training and on-the-job experience for university students. The five-week programme combines a one-week in-person wealth management course with a four-week internship in private banking or wealth management departments at local financial institutions, supported by industry mentors and a completion certificate.
Policy & regulationImplementation, projects & pilotsFinancial literacy and education
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2026-03-13•India•Securities & Exchange Board of India
The Securities and Exchange Board of India issued a circular detailing conditions for intraday borrowings by mutual funds under the SEBI (Mutual Funds) Regulations, 2026. From April 1, 2026, these policies must be approved by the asset management company's board and trustees, and published online. SEBI also clarified borrowing conditions for equity-oriented index funds and ETFs related to under-execution of sell trades for participation in the Closing Auction Session.
Policy & regulationGuidance & interpretationLiquidity risk
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2026-03-13•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission reported that the total net asset value (NAV) of Guernsey funds was GBP 272.8 billion at the end of Q4 2025, remaining stable from the previous quarter but declining by GBP 17.3 billion (5.9%) over the year. Closed-ended schemes decreased by GBP 1.6 billion (0.7%) for the quarter, while open-ended schemes rose by GBP 1.6 billion (3.4%). Guernsey Sustainable Funds accounted for GBP 4.5 billion of the NAV.
Data & statisticsFinancial and market indicators
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia's analysis of the retail investment market finds no systemic risks despite increased household participation. Qualified investors, who dominate trading, have acted countercyclically, stabilizing price volatility. The bank notes a need for greater sectoral diversification among retail investors, who currently favor financial, oil and gas securities, and government bonds.
ResearchFinancial stability and systemic risk
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia's 2025 Review of Financial Instruments highlights a rise in government bond yields amid disinflation and monetary policy easing. Demand shifted from variable to fixed coupon corporate bonds, with banks as primary investors and growing participation from institutional and retail investors. The digital financial assets market expanded, with increased short-term debt issues and more small companies issuing bonds.
Research
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2026-03-13•United Kingdom•UK Parliament
The UK Parliament's House of Lords completed the third reading of the National Insurance Contributions (Employer Pensions Contributions) Bill, which allows a NICs charge on employer pension contributions via salary sacrifice exceeding GBP 2,000 annually. No amendments were made, and the bill returns to the House of Commons for further consideration.
Policy & regulationRules & requirementsOther
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2026-03-13•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority presented at the Botswana Pension Society Conference 2026, focusing on regulatory updates for the retirement funds sector. Highlights included the Retirement Funds Regulations (2025) and Administrative Rules (2024) aimed at enhancing governance and transparency. NBFIRA reported retirement funds’ assets under management reached BWP 167.2 billion by December 2025, with 45.3% invested locally.
Policy & regulationGuidance & interpretation
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2026-03-13•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) sanctioned PT Bliss Properti Indonesia Tbk and PT Sejahtera Bintang Abadi Textile Tbk for capital markets breaches. PT Bliss Properti Indonesia Tbk was fined IDR 5,625,000,000 for misstating assets and other violations, with lifetime bans and fines for key individuals and service providers. PT Sejahtera Bintang Abadi Textile Tbk received a written warning and fines for not following conflict-of-interest transaction procedures.
EnforcementSanctions & designationsCorporate governance
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2026-03-13•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission published a Chinese-language speech by Dr. Kelvin Wong, titled “Revitalising Governance for Business Growth in New Year of the Horse,” delivered at The Hong Kong Independent Non-Executive Director Association’s Spring Luncheon 2026.
Policy & regulationGuidance & interpretationCorporate governance
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2026-03-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails involving banks like The Bank of East Asia and Bank of China (Hong Kong). The alert emphasizes banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-03-13•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) issued a Final Notice prohibiting Kasim Garipoglu from working in UK financial services, citing a lack of honesty and integrity. Garipoglu, who owned a firm offering online trading of foreign exchange and contracts, repeatedly violated regulatory requirements, undermined compliance and anti-money laundering controls, and engaged in serious misconduct. His firm is no longer authorised by the FCA, and his legal challenges against the prohibition were dismissed.
EnforcementInvestigations & enforcement actions
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2026-03-13•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is restructuring its internal operations to enhance efficiency and decision-making. The redesign aims to eliminate functional duplication, simplify decision processes, and improve departmental interactions to streamline regulatory workflows and communication with market participants.
Institutional developmentMandate & organizational structureOrganizational structure
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2026-03-13•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) has released a discussion paper and initiated a consultation to address inefficiencies and inconsistencies in regulatory reporting for the insurance and occupational pensions sectors. This initiative, under the amended Solvency II Directive, aims to enhance data standardisation and sharing while reducing compliance costs. Feedback will inform EIOPA's report to the European Commission.
Policy & regulationReform agendas & prioritiesRegulatory reporting
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2026-03-13•South Korea•South Korea Financial Services Commission
South Korea’s Financial Services Commission Chairman Lee Eog-weon and Standard Chartered Group CEO Bill Winters discussed the global financial impact of the Middle East crisis and Korea's response measures. Lee detailed a 24-hour monitoring system and KRW 100 trillion-plus market stabilization programs to maintain financial stability. Winters expressed interest in Korea's measures and the strong performance of its stock markets.
Policy & regulationCooperationGeopolitical risk
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2026-03-13•Finland•Bank of Finland
The Bank of Finland's Parliamentary Supervisory Council confirmed the 2025 financial statements, showing an audited profit of EUR 0.00 after reductions in provisions. The Bank recorded an operating loss of EUR 215 million, primarily due to interest paid on commercial banks' deposits, linked to structural interest rate risk from the Eurosystem's monetary policy purchase programme. Despite a decline in interest payable since June 2024, interest expenses on excess liquidity surpassed income from monetary policy and financial asset instruments.
Institutional developmentGovernanceFinancial and market indicatorsFinancial stability and systemic risk
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia has started publishing weighted average interest rates on ruble-denominated bank loans to non-financial organizations, excluding subsidized loans. This data will be updated monthly according to the Official Statistics Release Calendar.
Data & statisticsFinancial and market indicators
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2026-03-13•Sweden•Finansinspektionen
Sweden's Financial Supervisory Authority seeks expressions of interest to join a reference group for its Innovationskompassen project, focusing on the reliability of automated and AI-based ESG data methods. The project aims to address supervisory guidance needs by mapping challenges in ESG data use, including sustainability reporting and risk management. Selected participants will engage in workshops from April to June 2026.
Policy & regulationGuidance & interpretationArtificial intelligenceESG
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2026-03-13•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay has updated the SIPAP rulebook and doubled the maximum instant transfer amount through the Instant Payment System to PYG 10 million from PYG 5 million. The revision also adds provisions for new functionalities including CDA-d, the QR Hub and NFC payments. Participating entities must adapt their public electronic channels to support the new limit when the rule takes effect.
Policy & regulationRules & requirementsPayments and payment systems
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2026-03-13•Russia•Central Bank of Russia
The Central Bank of Russia reported a significant rise in alternative non-card payment methods in 2025, increasing their share of cashless payments to 14.1%. Bluetooth Low Energy payments reached 35 million transactions worth over RUB 33 billion, while QR code and biometric payments totaled RUB 5.7 trillion, both showing substantial growth from the previous year. E-wallet transactions surged to 8.8 billion, valued at RUB 13.3 trillion, largely due to marketplace models.
Data & statisticsPayments and payment systems
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2026-03-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the Exchange Fund's key analytical accounts for February 2026 under the IMF's Special Data Dissemination Standard. Foreign assets increased by HKD32.8 billion to HKD3,630.1 billion, with a monetary base of HKD2,071.5 billion and foreign liabilities at HKD72.5 billion. The HKMA confirmed four monthly data releases, with the next scheduled for 31 March 2026.
Data & statisticsMonetary data
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2026-03-13•Laos•Bank of the Lao
The Bank of the Lao held a seminar on International Financial Reporting Standards (IFRS), focusing on expected credit loss modelling under IFRS 9. The event, attended by central bank officials, the Securities Commission Office, the Ministry of Finance, and commercial banks, emphasized practical approaches to IFRS 9 model validation. Participants were urged to prepare for IFRS implementation during 2026–2027, targeting full adoption by 2028.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting