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.
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.
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.
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.
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.
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.
The Philippine Securities and Exchange Commission has proposed lifting its moratorium on new online lending platforms while introducing higher capital, prudential and consumer protection standards. The framework would cap each financing or lending company at 10 platforms and require paid-up capital of up to PHP 100 million or PHP 50 million, respectively. It would also restrict data use and collection practices, prohibit outsourcing of core lending functions and require credit data reporting and checks.
The National Bank of the Kyrgyz Republic suspended the licenses of two exchange bureaus for violating national legislation and its regulations. Additionally, a Kyrgyz citizen was fined KGS 17,500 for unauthorized cash foreign currency exchange operations in the Chuy region.
Thailand’s Office of Insurance Commission announced that the Central Administrative Court dismissed a request to suspend a registrar’s order allowing motor insurance policies to name up to five drivers. The order, which remains in effect, expands the maximum number of named drivers and approves premium rate schedules for 31 insurers. The measure is optional and aims to offer higher premium discounts for policyholders with good driving behavior.
The Portuguese Insurance Regulator (ASF) issued a Practical Guide for Older Consumers on insurance and pension funds to aid safer financial decisions. It includes consumer protection information, such as cooling-off rights and access to arbitration for disputes up to EUR 5,000, and covers key topics like mandatory motor liability insurance and health insurance supervision. It also highlights ASF tools and services, including apps for checking vehicle insurance and policy information, and platforms for pension fund comparisons.
The Italian Institute for Insurance Supervision (IVASS) has ordered the blocking of three websites for illegally offering insurance services, bringing the total number of blocked sites to 352 since November 2023. IVASS advises consumers to verify insurance offers and payment requests, particularly those made via instant messaging and prepaid credit cards, against its official lists of supervised intermediaries and insurers.
The European Central Bank (ECB) has issued an opinion on amending the Artificial Intelligence Act, advocating for clearer separation between bank supervision and AI market surveillance. The ECB suggests legal provisions for information sharing with national market surveillance authorities and calls for clarification on "high-risk" credit scoring techniques. It recommends excluding certain models from high-risk classification and involving other European financial authorities in guidance for regulated firms.
Dr. Sadanand S. Date has been appointed as Executive Director of the Securities and Exchange Board of India, overseeing the Investigations Department. Date, a 2007-batch Indian Police Service officer, previously served in various leadership roles within the Central Bureau of Investigation and holds multiple advanced degrees and certifications.
The Hong Kong Monetary Authority (HKMA) released a music video titled “Confronting Lachachu” for its 2026 anti-fraud campaign, featuring AI technology and a kung fu game concept to promote fraud-prevention messages. The video emphasizes three prevention rules: avoid suspicious links, do not pay advance fees for rewards, and refrain from sharing personal information in online romances. The HKMA's public education efforts, including this campaign, were recognized with the Central Banking Awards 2026 “Communications Initiative.”
The Central Bank of Honduras reported a USD 521.7 million increase in net international reserves (RIN) as of 12 March 2026, reaching USD 10,827.5 million. The import-coverage ratio improved to 6.52 months, surpassing the international standard.
The Central Bank of Honduras released its February 2026 Survey of Expectations of Macroeconomic Analysts, showing optimism for sustained economic growth. The Economic Activity Confidence Index increased to 63.2 points, driven by factors such as strong private consumption, investment, and stable inflation. Analysts forecast GDP growth of 3.7% in 2026 and year-on-year inflation of 4.37% by end-2026.
The Central Bank of Costa Rica's Monthly Index of Economic Activity for January 2026 shows a 4.8% year-on-year increase in national output, with firms in the definitive regime contributing 60.8% to this growth. Special regimes saw a 9.8% rise, with notable activity in medical devices manufacturing and IT services.
Argentina Securities Commission Vice President Sonia Salvatierra spoke at the Ibero-American Institute of Securities Markets meeting in Panama about modernizing Argentina's capital markets, focusing on financial innovation and digital assets. She highlighted new rules on Virtual Asset Service Providers and the Tokenization Regime. The event also covered regulatory harmonization, market integration, and international cooperation.
Senate Banking Committee Ranking Member Elizabeth Warren, Senate Foreign Relations Committee Ranking Member Jeanne Shaheen, and Senate Democratic Leader Chuck Schumer criticized the Trump Administration for allegedly providing further sanctions relief to Russia. They urged Treasury Secretary Bessent to testify, citing concerns over compliance with the Countering America’s Adversaries Through Sanctions Act and potential financial benefits to Russia. The lawmakers questioned the Treasury's shifting explanations and the characterization of the sanctions as "narrowly tailored."
The Central Bank of Colombia issued Circular DTE–189 (Item 40) concerning the 50-peso metallic coin.
The Australian Financial Complaints Authority (AFCA) released a video on a lead determination involving United Global Capital, in liquidation, to guide complaints related to the Shield and First Guardian Master Funds collapses. It found inappropriate advice was given to establish a self-managed super fund (SMSF) and invest in the First Guardian Master Fund, resulting in a compensation award of approximately AUD 230,000. AFCA aims to streamline similar complaints and provide clearer outcomes for affected consumers.
The Australian Financial Complaints Authority (AFCA) now includes scam-related complaints involving receiving banks and unauthorized account openings, even if the complainant isn't a customer. This move enhances transparency and accountability in banking and aligns with the Scams Prevention Framework. In 2025, AFCA received 6,228 scam complaints, a 29% decrease from 2024, with an average claimed loss of AUD 30,333.
Hong Kong's Financial Services and the Treasury Bureau published consultation conclusions and a two-phase package to enhance regulation of licensed money lenders, targeting excessive borrowing and public protection. Phase one, effective August 2026, includes debt servicing ratio caps for low-income earners and mandatory risk warnings in ads. Phase two, scheduled for June 2027, involves revised licensing conditions and administrative guidelines.
The Bank of the Lao, in collaboration with the Lao People's Revolutionary Youth Union, conducted a financial-literacy outreach program to educate students on inflation risks and financial fraud prevention. The initiative reached over 825 students across five institutions, featuring presentations and discussions led by Jittakorn Jittaphong and Youth Union representatives.
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren called for a halt on Federal Reserve nominations following a federal judge's ruling on subpoenas involving Jerome Powell. Warren urged the Senate to wait until Department of Justice investigations against Powell and Lisa Cook are dismissed, labeling them a "witch hunt."
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Senator Elizabeth Warren regarding a court ruling against the Trump Administration's attempt to defund the Consumer Financial Protection Bureau (CFPB). The court ordered Russ Vought to secure necessary funding for the CFPB. Warren emphasized the CFPB's success in returning over USD 21 billion to consumers and pledged ongoing support for the agency.
Ecuador's Superintendency of Banks held a staff training session to enhance technological knowledge for better financial system supervision. The program covered blockchain, artificial intelligence, and digital environments, focusing on their implications for financial operations management and security. Presentations addressed blockchain applications, digital consensus, trust without intermediaries, and regulatory compliance, alongside discussions on developing blockchain regulation in Ecuador.
The Superintendency of Banks of the Dominican Republic will sponsor four financial education talks for children and adolescents during the Central Bank’s Economic and Financial Week and Global Money Week. Sessions will be held in Santo Domingo, Santiago, and Baní, with topics tailored for different age groups. Additionally, the Superintendency will offer guidance and tools at a ProUsuario stand, including assistance with the ProUsuario mobile app.
The Bulgaria Financial Supervision Commission adopted a new ordinance for licensing token issuers and crypto-asset service providers, alongside authorisation and register decisions in securities and insurance supervision. It approved bond issue prospectuses for Mainable Energy Fund AD and Sila Holding AD, and extended Phoenix Insurance Company EAD's licence to include new insurance classes. Additional register updates include entries and deletions related to insurance brokers and training organisations.
The National Bank of the Kyrgyz Republic and the European Bank for Reconstruction and Development conducted a seminar on compliance in international trade. The event addressed practical approaches to sanctions implementation, risks of sanctions circumvention, and broader sanctions risk management challenges.
The Saudi Central Bank (SAMA) has licensed Aij Company for Financing to offer financing to small and medium-sized enterprises and consumers, increasing the total number of licensed finance companies to 71. This decision aligns with SAMA's strategy to enhance the finance sector's efficiency and promote financial inclusion in Saudi Arabia.
The Saudi Central Bank (SAMA) has licensed Wukad Solutions for Aggregation Services to offer finance aggregation services in Saudi Arabia. This decision aligns with SAMA's goals to enhance financial sector efficiency and promote innovative solutions for financial inclusion. SAMA also emphasized the importance of engaging only with authorized financial institutions.
The Japan Securities and Exchange Surveillance Commission filed a criminal complaint for suspected insider trading involving Toyo Securities shares. Suspect A, a director at Mita Securities, allegedly used non-public information about Toyo Securities’ dividend forecast to purchase shares worth JPY 496.3 million with Suspects B and C. The conduct is cited under the Financial Instruments and Exchange Act and the Criminal Code, with penalties of up to five years’ imprisonment or a JPY 5 million fine.
Japan's Securities and Exchange Surveillance Commission filed a criminal complaint for suspected market manipulation involving five Tokyo Stock Exchange-listed shares, including Super Value Co., Ltd. The alleged activities involved placing misleading orders to create a false impression of market activity, with matched buying and selling without transferring rights. The offences, under Articles 159 and 197 of the Financial Instruments and Exchange Act, carry penalties of up to 10 years’ imprisonment or a fine of up to JPY 10 million, supported by the Japan Exchange Self-Regulatory Corporation.
The National Bank of Ukraine (NBU) and Mastercard signed a Memorandum of Understanding to enhance cybersecurity cooperation, aiming to bolster Ukraine's financial sector's cyber resilience. The partnership will focus on promoting cybersecurity best practices, data exchange on cyber threats, and building competencies in threat prevention and response. This initiative aligns with Mastercard's Digital Country Partnership program in Ukraine.
The Bank of Italy published six Occasional Papers (Nos. 1001–1006) examining AI's macroeconomic and firm-level effects, sustainable finance pricing, and corporate lending by Italian less significant institutions. Key topics include AI's impact on the US economy, effects on Italian firms, and the use of generative AI in policy briefing and climate data. The studies also explore environmental scores' influence on bond pricing and patterns in corporate lending.
The Central Bank of Brazil announced Bruno Tiberto won the Central Banking Awards 2026 in "Economics in Central Banking" for his research on central bank independence's impact on inflation, income inequality, and poverty. His study, covering 46 countries from 1980 to 2022, shows greater central bank autonomy mitigates inflation's regressive effects, benefiting lower-income groups. The full paper is published in the Journal of International Money and Finance.
The Bank of Greece reported a 3.4% increase in occupational pension fund assets for Q4 2025, totaling EUR 2,833 million. Deposits rose by EUR 15 million, while debt securities and investment fund shares saw shifts in asset shares due to net purchases and valuation changes. Equity holdings slightly decreased, reflecting net sales and valuation gains.
The Japan Financial Services Agency summarized a G7 finance ministers meeting on the Middle East's impact on global stability, trade, and financial markets. Participants agreed to monitor energy markets and consider releasing oil reserves to support global supply. The International Energy Agency and International Monetary Fund highlighted the need for coordinated oil stockpile releases and discussed market volatility from rising crude oil prices.
Indonesia’s Financial Services Authority (OJK) announced that the House of Representatives (DPR RI) approved five nominees for OJK’s Board of Commissioners, including Friderica Widyasari Dewi as Chair and Hernawan Bekti Sasongko as Vice Chair. The nominees, covering roles in capital markets, consumer protection, and financial technology innovation, await presidential appointment.
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) approved amendments to align regulations for electronic money operations and basic savings accounts, aiming to reduce user barriers and promote digital wallets. Under SBS Resolution No. 00704-2026, the SBS increased limits for simplified electronic money accounts and replaced the minimum living wage with the Tax Unit as the reference for operating limits, ensuring automatic updates for inflation. These changes simplify account-opening requirements to support financial inclusion.
Greece’s Ministry of National Economy and Finance, via Minister Kyriakos Pierrakakis, highlighted the Eurogroup's efforts to expedite EU financial integration and Greece's strategy to mitigate energy-driven price pressures. Pierrakakis emphasized completing the EU Capital Markets Union, financial system digitization, and facilitating cross-border bank mergers. Domestically, further interventions will be evaluated based on market developments and must comply with the EU's new fiscal framework spending rules.
Mexico's National Banking and Securities Commission (CNBV) introduced tools to aid issuers in meeting sustainability disclosure obligations under the Circular Única de Emisoras. The tools align with IFRS Sustainability Disclosure Standards IFRS S1 and S2, featuring a guidance document, a self-assessment tool, and a digital platform, "Sustainability Route." Developed with the UK PACT programme and the Global Green Growth Institute, these resources aim to integrate environmental, social, and governance criteria into the Mexican financial system.
The Brazilian Superintendence of Private Insurance (SUSEP) issued CNSP Resolution No. 489, updating fiscal management, intervention, and liquidation regimes for insurers, effective 90 days post-publication. Aligning with Law No. 14.112/2020, it revises claim rankings in bankruptcy and updates operational and classification criteria. It includes provisions for insurance cooperatives and mutual property protection administrators, with operational deadlines to be detailed in a forthcoming SUSEP resolution.
Brazil’s Securities Commission (CVM) issued Deliberation CVM 906 to support the Eco Invest Programme by waiving certain regulatory requirements for investment funds. This aligns with the programme’s third auction model, focusing on equity transactions through FIP, FII, and FIAGRO. CVM clarified that deliberations are specific actions for identified legal entities, issued without a regulatory impact assessment or public consultation.
The European Securities and Markets Authority (ESMA) released findings from its 2025 Call for Evidence on the retail investor journey, outlining actions to improve access to suitable investment opportunities. Key areas include simplifying disclosure requirements, suitability assessments, and MiFID II sustainability preferences. The report will inform ESMA's future technical advice and potential updates to guidelines, aligning with the Retail Investment Strategy.
Belgium’s Financial Services and Markets Authority (FSMA) issued a warning about fraudulent online trading platforms, adding new websites and brands to its caution list. The FSMA highlights tactics such as fake ads and social media profiles used to lure victims into making deposits, which are then obstructed from withdrawal. Consumers are advised to verify authorisation status and report any suspicious activity to the FSMA and police.
Sweden's Riksbank released its Payments Report 2026, outlining measures to enhance payment market resilience and inclusion. The report urges banks to expand services on national and European systems, promote instant payments, and improve access for those without payment accounts. It also recommends legislative action if progress is not made, and suggests a SEK 10,000 limit on cash purchases to deter criminal activity.
In February 2026, Mexico's CONDUSEF reported eight identity impersonation cases involving financial institutions in the SIPRES registry. Impersonators used corporate names, logos, and details to deceive individuals. Affected institutions include Stewart Title Guaranty de México, Finacciona, and Morgan Stanley México.
The Japan Financial Services Agency concluded that allowing local governments to receive payments like loan principal and interest through prepaid instruments under the Fund Settlement Act is appropriate. This decision follows public consultation and aligns with the Cabinet Office’s Decentralization Reform initiative, citing operational benefits and low risks of regulatory circumvention or financial crime. The Agency's analysis focused on specific payment types and referenced the Financial Services Council Working Group’s approach to donations by prepaid instruments.
The Japan Financial Services Agency has issued a notice designating eligible donation recipients under Article 23-3 of the Cabinet Office Ordinance on Prepaid Payment Instruments, effective 13 March 2026. The notice follows a public consultation that received two comments, with the FSA publishing a summary of the feedback and its responses.
The Bank of Japan reported total assets of JPY 681.85 trillion, with Japanese government securities as the largest asset at JPY 545.58 trillion. Liabilities included current deposits of JPY 448.42 trillion and banknotes of JPY 116.71 trillion. The Loan Support Program's outstanding amounts were JPY 54.13 trillion, primarily through the Fund-Provisioning Measure to Stimulate Bank Lending.
The Australian Securities & Investments Commission (ASIC) disqualified Simon John Raftery from managing corporations for 2 years and 6 months due to his involvement in five failed companies owing about AUD 43 million to unsecured creditors. ASIC found Aussie Frozen Fruit Pty Ltd was insolvent during its final six months, with Mr. Raftery aware while incurring further debts. His application for stay and confidentiality orders was denied by the Administrative Review Tribunal, with the substantive review still pending.
The Indonesia Financial Services Authority (OJK) has issued a new rulebook for representative offices of foreign-based financing institutions, venture capital firms, and other financial services entities. This framework facilitates cross-border financing cooperation while ensuring prudent supervision and prohibiting direct financing activities in Indonesia. It outlines permitted activities, including information dissemination, oversight support, and promotion, to enhance transparency and accountability.
The Central Reserve Bank of El Salvador is expanding its Pay service, a free, 24/7 instant payments platform, to enhance electronic payment access for unbanked individuals. Initially launched in a "cashless Government Center," it now extends across San Salvador's Historic Center and commercial areas, supporting QR-code payments and person-to-person transfers without fees. Registration is limited to Salvadorans with a Documento Único de Identidad, and the app has nearly 10,000 active users, primarily small merchants and entrepreneurs.
The Brazilian Pension Funds Authority (PREVIC) and Brazil’s Ministry of Social Security met to align supervisory priorities and discuss PREVIC's projects, including AI tools for monitoring investment operations and pension plan solvency. PREVIC emphasized rule compliance and risk management, noting no impact on closed pension funds from Banco Master’s liquidation. The Ministry established an AI Innovation Laboratory, with ongoing discussions on AI and PREVIC’s tools set for delivery in August 2026.
The Brazilian Superintendence of Private Insurance (SUSEP) has ordered the immediate suspension of new surety bond insurance policies by Seguradora S/A Infinite due to potential regulatory breaches. The suspension follows SUSEP's investigation into irregularities related to geographic authorizations, retention limits, and reinsurance contract compliance. Infinite can continue operations in other insurance lines within authorized regions.
The Argentina Superintendency of Insurance has initiated the liquidation process for Galeno Aseguradora de Riesgos del Trabajo S.A., with creditors required to submit claims via the Remote Procedures Platform. The proceedings are managed by the National Court of First Instance in Commercial Matters No. 10, under case file No. 1974/2026.
The Financial Stability Board (FSB) launched a new implementation phase of the G20 Roadmap for Enhancing Cross-border Payments at the FSB Cross-border Payments Summit in London. This phase emphasizes domestic and regional execution by public authorities and increased private-sector collaboration. Key initiatives include the Institute of International Finance's reassessment of the external environment and Swift's new retail payments framework and blockchain-based ledger for real-time cross-border payments.
The Federal Reserve Board approved Home BancShares' acquisition and merger with Mountain Commerce Bancorp, leading to the indirect acquisition of Mountain Commerce Bank. The approval includes Centennial Bank's merger with Mountain Commerce Bank and the establishment of a branch at the latter's location.
The Federal Reserve Bank of St. Louis appointed David Brown, senior vice president and chief procurement officer at Post Holdings, to its Agribusiness Industry Council. The council, part of the St. Louis Fed’s District Industry Councils, provides feedback on economic conditions to inform monetary policy.
The Securities & Exchange Commission of Zimbabwe posted ABC Asset Management (Private) Limited in connection with five collective investment schemes. Stanbic Trustee Services is listed as trustee for each scheme, under licence number SECZ3401A.
The Securities & Exchange Commission of Zimbabwe published a listing for Arctic Blue Asset Management (Private) Limited as asset manager of the Pfuma Fund Real Estate Investment Trust, with CABS Trustee Services as trustee under licence SECZ101154S.
The Securities & Exchange Commission of Zimbabwe published a notice listing CBZ Asset Management (Private) Limited, its collective investment schemes, Stanbic Trustee Services as trustee and SECZIM licence numbers 39/01/2000, SECZ2101124S and SECZ2101129S.
The Securities & Exchange Commission of Zimbabwe posted an entry for Bard Santner Investors (Private) Limited and the Bard Santner Gold Coin Unit Trust Fund. The listing names CBZ Trustee Services as trustee and gives SECZIM licence number SECZ101139S.
The Securities & Exchange Commission of Zimbabwe posted Cass Saddle Asset Management Private Limited's collective investment schemes, naming five funds and trusts together with their trustees and SECZIM licence numbers.
The Securities & Exchange Commission of Zimbabwe published a notice covering Eagle Asset Management, formerly Fidelity Life Asset Management, and several collective investment schemes. The notice also includes trustee information for Stanbic Trustee Services and CBZ Trustee Services and lists SECZIM licence references 44, SECZI01143S and SECZI01164S.
The Securities & Exchange Commission of Zimbabwe posted listing details for First Mutual Wealth Management (Private) Limited and four collective investment schemes. Stanbic Trustee Services is named as trustee, with licence number SECZ10113S for the Money Market Fund, General Equity Fund and Growth Fund, and SECZ101157S for the First Mutual Wealth Gold Exchange Traded Fund.
The Securities and Exchange Commission of Zimbabwe posted licence details for six collective investment schemes managed by Invesci Asset Management (Private) Limited. The schemes all use CABS Trustee Services as trustee and carry SECZIM licence numbers SECZ10114S through SECZ10119S.
The Securities & Exchange Commission of Zimbabwe posted a register-style notice for Old Mutual Investment Group Zimbabwe covering 17 collective investment schemes. Stanbic Trustee Services is named as trustee for the listed schemes, and the notice also includes SECZIM licence numbers.
The Securities & Exchange Commission of Zimbabwe posted a listing for Zimnat Asset Management Company (Private) Limited covering its collective investment schemes, trustees and related SECZIM licence numbers. The schemes listed include Blue Chip Fund, several TFS funds and the Morgan Made in Zimbabwe Exchange Traded Fund, with trustees shown as Stanbic Trustee Services, CABS Trustee Services and CBZ Trustee Services.
The Securities & Exchange Commission of Zimbabwe posted a notice for Platinum Investment Managers (Private) Limited that lists its funds, trustees and licence number SECZ101144S.
The Securities and Exchange Commission of Zimbabwe posted details for collective investment schemes managed by Smartvest Wealth Managers Private Limited. The notice names six funds, their trustees and SECZIM licence numbers SECZ101140S and SECZ101142S.
The Securities & Exchange Commission of Zimbabwe posted licence details for two Stratus Capital Partners collective investment schemes. The post identified the schemes as the African Gold Exchange Traded Fund and Stratus Commodity Fund, with trustees CBZ Trustee Services and CABS Trustee Services and licence numbers SECZ101145S and SECZ101146S respectively.
The Jordan Securities Commission participated in the Amman Stock Exchange's "Ringing the Bell for Gender Equality" event, emphasizing the role of financial markets in promoting gender equality. Chairman Emad Abu Haltam highlighted women's leadership in Jordan's capital market institutions and announced plans to launch ESG guidelines addressing diversity in board membership.
The Kuwait Capital Markets Authority has referred a report to the Attorney General concerning an alleged offense of conducting investment adviser activity without the required licence, under Item 2 of Article 63 of Law No. 7 of 2010 and its amendments. The alleged violation is punishable under Item 1 of Article 126 of the same law.
The Kuwait Capital Markets Authority has referred a case to the Attorney General alleging violations of paragraph (a) of item 2 of Article 122 of Law No. 7 of 2010. The case concerns small purchases of Equipment shares between 9 December 2025 and 22 December 2025 that allegedly created price momentum before short positions were executed at the higher price, generating material gains from illegal trades.
U.S. House Committee on Financial Services Chairman French Hill commented on the Senate's passage of the 21st Century ROAD to Housing Act, noting it as a legislative step while addressing House concerns. Hill emphasized the importance of bipartisan efforts to empower homeowners and renters, strengthen communities, and expand affordable housing. He committed to working with Senator Scott and others to achieve a bicameral agreement aimed at reducing housing costs.
The Central Bank of West African States has released a list of 31 authorised payment institutions under Instruction No. 001-01-2024 for the West African Monetary Union. The distribution includes two in Benin, two in Burkina Faso, nine in Côte d’Ivoire, one in Guinea-Bissau, two in Mali, one in Niger, eleven in Senegal, and three in Togo.
The Argentina Securities Commission (CNV) has mandated an immediate halt to public offerings of the virtual asset "ARGt," classifying it as an irregularly offered negotiable security. The CNV's decision follows its analysis that ARGt aligns with an investment contract under the Howey Test, requiring compliance with the Capital Markets Law. Consequently, the CNV has prohibited any listing, offering, or promotion of ARGt without proper authorization.
The Argentina Securities Commission (CNV) issued General Resolution 1120, consolidating the compliance timetable for reporting open positions in futures and options contracts. A single submission deadline of 31 March 2026 replaces the phased schedule set by General Resolution 1113, allowing markets to adapt their systems accordingly.
The South African Reserve Bank reported a fourth-quarter 2025 current account surplus of ZAR 50.2 billion (0.6% of GDP), marking the first surplus since Q3 2023. This shift from a ZAR 72.0 billion deficit in Q3 2025 was driven by a significant increase in the trade surplus, with exports rising and imports declining. The annual current account deficit narrowed to ZAR 35.2 billion (0.5% of GDP) in 2025 from ZAR 48.0 billion (0.7% of GDP) in 2024.
Germany's Federal Financial Supervisory Authority (BaFin) issued guidance on the fluctuation reserve for standalone cyber insurance, to be separately reported from 2025. BaFin states there is no obligation to build a cyber fluctuation reserve for 2025 due to the lack of a ten-year observation period for loss-ratio calculations. Insurers may apply for case-by-case approval to establish a reserve earlier, subject to specific criteria, while BaFin published net loss ratios and gross expense ratios for 2020-2024.
At a workshop, State Bank of Vietnam officials outlined strategies to support Vietnam's 2026-2030 GDP growth target of at least 10% annually, focusing on macroeconomic stability and inflation control. They emphasized proactive monetary policy coordination with fiscal measures, safe credit expansion, and steering lending towards priority sectors like digital and green economies. The central bank also plans to enhance the banking legal framework to align with market conditions and standards.
The Agency for Regulation and Development of the Financial Market of Kazakhstan discussed the President’s constitutional initiative with financial sector representatives, focusing on its impact on financial market development. Key topics included strengthening the rule of law, protecting citizens’ rights, and enhancing public administration for a stable financial market environment. Provisions discussed included the constitutional status of the national currency and special financial regimes to attract investment.
The Vietnam State Securities Commission has mandated individuals listed in an attached notice to pay a VND 1,000,000 licensing fee for a securities practice certificate, as per Ministry of Finance Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the Commission. Failure to complete the certification process within one year of the fee notice will result in certificate cancellation.
The People's Bank of China, led by Governor Pan Gongsheng, held a symposium to evaluate economic conditions and monetary policy support. The central bank will maintain a moderately loose monetary policy, enhancing countercyclical adjustments to support market confidence. Future efforts will focus on aligning with central government policies to sustain economic improvement.
The Dubai International Financial Centre’s Innovation Hub, in partnership with Capital.com, has launched CapitalHer, a flagship programme to enhance women’s practical financial capability and responsible engagement with financial markets across the Gulf Cooperation Council. The six-week initiative for Gulf Cooperation Council national women combines financial education, hands-on learning, mentorship and peer collaboration, and will culminate in a Demo Day at the Dubai FinTech Summit.
The National Bank of Moldova reported a meeting between Governor Anca Dragu and Slovenia’s State Secretary Neva Grašic, focusing on financial cooperation and Moldova’s European integration. Discussions included Moldova’s accession to the Single Euro Payments Area and alignment with EU banking standards. Slovenia’s support for the Center of Excellence in Finance and the joint #NBM LearnOrgLab initiative was highlighted to enhance the central bank’s institutional capacities.
The Liechtenstein Financial Market Authority issued Communication 2026/2 outlining expectations on "value for money" for manufacturers of insurance-based investment products. The guidance aims to support product governance, ensure appropriate customer benefits, and promote consistent application of regulatory requirements.
The Guernsey Financial Services Commission issued a notice about the UK Sanctions List variation for Gulbakhor Ismailova, who remains under multiple sanctions, including an asset freeze and travel ban. Businesses in the Bailiwick must comply with the sanctions, report findings to the States of Guernsey Policy and Resources Committee, and notify the Commission with a Handbook Rule 12.37 report if an affected relationship is identified.
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman announced US bank capital proposals to streamline requirements and align capital with risk. Developed with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, the proposals focus on stress testing, leverage ratios, Basel III requirements, and the G-SIB surcharge. Key changes include a single risk-based capital calculation for large banks, revised credit-risk and operational-risk requirements, and updates to the G-SIB surcharge methodology.
France's Autorité des marchés financiers (AMF) reminded crowdfunding service providers to comply with complaint handling procedures under Regulation (EU) 2020/1503. Providers must ensure transparent, traceable complaint processes, timely acknowledgments, and clear, reasoned responses within two months. The AMF will monitor adherence to these requirements as part of its Impact 2027 strategic plan and 2026 supervisory priorities.
The Croatian Financial Services Supervisory Agency (Hanfa) announced decisions from its 63rd session, including amendments to the alternative investment fund framework and alignment with EU crypto-asset guidance. Key actions involved supervisory measures across insurance, capital markets, and virtual-asset services, such as deleting ADRIA DIGITAL EXCHANGE d.o.o. from the virtual asset service providers register and issuing a public warning under the EU Market Abuse Regulation. Hanfa also approved management board appointments for the Zagreb Stock Exchange and InterCapital Real Estate, and addressed AML/CFT compliance issues.
The Swedish Financial Supervisory Authority (Finansinspektionen) has proposed amendments to regulations on securities funds and managers of alternative investment funds, aligning with EU directives AIFM and UCITS. The changes aim to simplify requirements, enhance supervision, and align with Swedish legislative proposals on fund markets and OTC derivatives clearing. Most amendments are set to take effect on 1 July 2026.
The Bank of France, the French Financial Markets Authority, and the Directorate General of the Treasury have formed a group to advance distributed ledger technology (DLT) in financial markets, enhancing financing for the French and European economy. Led by Denis Beau, Christophe Bories, and Sébastien Raspiller, the group will focus on private tokenised settlement assets, tokenisation of financial instruments, and DLT-based market infrastructures. A report with technical analysis and recommendations is expected in summer 2026, supporting the planned release of a wholesale euro central bank digital currency by autumn 2026.
BaFin has clarified that insurers are not required to establish a fluctuation reserve for the new stand-alone cyber insurance line (Va 26.1) in the 2025 balance sheet due to the absence of a ten-year loss history, with this position applying until 31 December 2030. Insurers may apply individually under the Insurance Company Accounting Ordinance to build a reserve earlier using at least seven years of their own data, subject to standard prerequisites, while BaFin separately published 2020–2024 net loss and gross expense ratios for stand-alone cyber business.
The National Bank of Angola’s Monetary Policy Committee kept the benchmark rate at 17.5% and the standing lending and absorption facilities at 18.5% and 16.5% but lowered the kwanza reserve-requirement ratio to 17.5% from 18% to support interbank liquidity, citing ongoing disinflation alongside heightened global uncertainty and geopolitical risk. The committee signalled a continued cautious stance to safeguard price stability.
Rwanda Capital Markets Authority, Rwanda Stock Exchange, and East Capital Group discussed strategic collaboration to enhance Rwanda's capital market ecosystem. Key areas include investment mobilisation, product diversification, and capacity building to attract regional and international investors. The discussions also addressed strengthening institutional and technical capacity to support innovation and improve market access.
The Financial Industry Regulatory Authority (FINRA) Board approved five rule proposals under the FINRA Forward initiative to modernize member firm requirements. Key changes include electronic delivery of regulatory requests, adjustments to alternative investment reconciliation requirements, and updates to arbitration procedures. FINRA will publish details on fine-money allocations in its upcoming Report on the Use of 2025 Fine Monies.