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2026-03-12•Global•International Monetary Fund
The IMF's Chart of the Week links Europe's widening productivity gap with the US to challenges in scaling up European firms. It stresses the need for deeper integration of capital, labor, and consumer markets to boost productivity growth. The analysis notes disparities in market valuation and productivity between young firms in the US and the EU, citing fragmented capital flows, restrictive regulations, and cross-border marketing barriers as factors.
ResearchMarket development
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2026-03-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Senator Chris Van Hollen, issued a statement on the U.S. Department of Justice's investigation into Binance's potential violation of U.S. sanctions laws linked to Iran. Supported by Senators Elizabeth Warren and Ruben Gallego, the statement highlighted concerns over Binance's history and alleged facilitation of transactions for Iran-aligned proxies. The Committee members emphasized their commitment to overseeing the investigation to ensure accountability if violations are confirmed.
OtherNew sanctions designations
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2026-03-12•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) has issued new guidance allowing Order Execution Only (OEO) dealers to expand decision-making supports for clients, while maintaining the ban on recommendations. The guidance permits educational resources, alerts, and notifications for DIY investors, provided they do not endorse specific investments and include safeguards like clear disclosures and conflict management.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-03-12•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce, addressing the Investor Advisory Committee, advocated for simplifying public company disclosures and addressing fund proxy voting frictions, while supporting securities tokenization. She highlighted the need for an innovation exemption for limited trading of tokenized securities and questioned existing issuer disclosures' adequacy. Peirce also discussed challenges with the Investment Company Act of 1940 quorum standard and emphasized proxy voting authority's importance in serving the fund's interest.
Policy & regulationReform agendas & prioritiesCorporate governance
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2026-03-12•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins, at the Investor Advisory Committee meeting, emphasized reducing disclosure burdens and proposed an innovation exemption for limited trading of tokenized equity securities. He advocated for a "minimum effective dose of regulation," focusing on materiality and scaling requirements to company size and maturity, and suggested extending the JOBS Act "IPO on-ramp" duration. The SEC is also exploring modernization approaches for shareholder-meeting quorums amid evolving retail voting patterns and account structures.
Policy & regulationReform agendas & prioritiesDisclosuresTokenization
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2026-03-12•United States•Commodity Futures Trading Commission
The United States Commodity Futures Trading Commission (CFTC) issued an Advanced Notice of Proposed Rulemaking to gather public input on potential amendments to rules governing event contracts in prediction markets. The notice seeks feedback on the application of statutory core principles, potential prohibitions on certain event contracts, and cost-benefit assessments. This initiative is part of the CFTC's oversight of prediction markets.
Policy & regulationRules & requirementsFintech and insurtech
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2026-03-12•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory on prediction markets, emphasizing designated contract markets' (DCMs) responsibility to comply with the Commodity Exchange Act and Commission regulations. It outlines DCM obligations under CEA section 5(d) and Part 38, including Core Principle 3, and addresses considerations for sports-related event contracts. DCMs are urged to proactively ensure compliance as prediction markets evolve.
Policy & regulationGuidance & interpretationMarket development
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2026-03-12•Serbia•National Bank of Serbia
National Bank of Serbia kept the key policy rate at 5.75 % (deposit 4.5 %, lending 7.0 %) on 12 Mar 2026, citing January inflation’s fall to 2.4 % and forecasts it will remain within the 3 ± 1.5 pp target band through end-2026. The Board, which has held the benchmark since Sept 2024, will continue a meeting-by-meeting stance amid oil and trade risks, with the next review on 9 Apr.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-12•Türkiye•Central Bank of Türkiye
Central Bank of Türkiye’s Monetary Policy Committee held the one-week repo rate at 37% and the overnight corridor at 35.5–40%, judging current tight conditions sufficient to maintain a broadly flat inflation trend despite energy-led cost pressures. The Committee will manage liquidity closely, deploy macro-prudential tools if needed and stands ready to raise rates if the path to its 5% medium-term inflation target deteriorates.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-12•Georgia•National Bank of Georgia
The National Bank of Georgia announced Governor Natia Turnava's meeting with Bybit's CEO Ben Zhou regarding Bybit's market entry, emphasizing increased competition and financial stability. The central bank noted the growth of the non-bank financial sector, including virtual asset service providers, while Bybit praised Georgia's licensing process and outlined initiatives for education and professional development in digital asset services.
Policy & regulationImplementation, projects & pilotsFintech and insurtechCompetition and market structure
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2026-03-12•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank warned citizens of the Eastern Caribbean Currency Union about rising financial crimes, urging vigilance against scams like phishing and business email compromise. Insights from the St Kitts-Nevis Bankers Association and police emphasized account alerts and quick bank-law enforcement collaboration to recover funds. The ECCB advised verifying suspicious activity with banks and reporting it to law enforcement immediately.
SupervisionAlertsFraud and scams
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2026-03-12•Macao•Monetary Authority of Macao
The Monetary Authority of Macao, assisted by the Judiciary Police, investigated six shops suspected of providing illegal foreign exchange services and facilitating cross-border transfers via e-wallets or overseas bank accounts. It reiterated that under Law No. 13/2023 only authorised financial institutions may conduct financial activities in Macao, with unauthorised activity subject to fines of MOP 500,000 to MOP 10,000,000, and urged the public to use authorised institutions.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-12•Canada•Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada (FCAC) has implemented new federal regulations capping non-sufficient funds (NSF) fees at CAD 10 for personal deposit accounts at federally regulated banks. The rules also prevent multiple NSF fees within two business days for the same account and prohibit fees when the overdrawn amount is under CAD 10. FCAC will oversee compliance and plans to release a report on bank fee structures and transparency in 2026.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-03-12•Global•Bank for International Settlements
The Bank for International Settlements released a paper examining central bank funding's impact on bank lending, using the UK's Funding for Lending Scheme. It finds that central bank funding can enhance credit supply by lowering private wholesale funding costs, even if banks don't use the facility. However, stronger lending incentives may reduce this effect, highlighting a trade-off between broad credit support and targeted sector lending.
Research
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2026-03-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) announced that the High Court placed Concept Capital Group (CCG) into administration, pausing the FCA's proceedings against CCG. The FCA alleges CCG operated an unauthorised investment scheme involving static homes, falsely claiming government backing. The administration process will handle investor claims, while proceedings continue against other defendants in the FCA case.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-12•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan reported progress in expanding cashless payments and innovative payment technologies under its 2024–2026 Financial Sector Development Strategy. Key metrics include a 26% increase in domestic card-based non-cash payments to AZN 99.1bn and a rise in the non-cash share of domestic card transactions to 67.6%. Licensing activity in 2025 added three electronic money institutions, two payment institutions, and one operator, while digital banking accounted for 94.4% of customer transfers.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-03-12•Moldova•National Bank of Moldova
The National Bank of Moldova expanded its MIA Instant Payments system to support business-to-business transfers in Moldovan lei with real-time settlement. Since its March 2024 launch, MIA has seen widespread adoption, facilitating 24/7 real-time transfers for various uses. The central bank aims to interconnect MIA with regional instant payment systems, aligning with Moldova's accession to the Single Euro Payments Area.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-03-12•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of the Republic of North Macedonia will participate in Global Money Week 2026, focusing on financial education under the theme “Smart Money Talks.” The initiative involves collaboration with the National Bank, Ministry of Finance, and other agencies, featuring lectures, workshops, and the European Money Quiz.
Financial literacy & educationFinancial literacy and education
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a prohibition order under Section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020. James Watchorn is barred from serving as a money laundering reporting officer and compliance officer from 9 March 2026 to 9 August 2027.
EnforcementSanctions & designationsAML and CFT
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued an enforcement statement against Utmost Worldwide Limited, CEO Leon Steyn, and Deputy Money Laundering Reporting Officer James Alexander Watchorn for systemic financial crime control failings from 2015 to 2025. Penalties include GBP 1,960,000 for the firm, GBP 35,000 for Steyn, and GBP 10,500 for Watchorn, with Watchorn barred from certain roles for 17 months. The Commission highlighted deficiencies in client risk assessments, monitoring, and compliance, noting a remediation program initiated in late 2023.
EnforcementInvestigations & enforcement actionsAML and CFTCorporate governance
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2026-03-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission plans to reduce annual fees for the insurance sector by 15–20% in 2027, funded by surplus penalty income from a GBP 1.96mn fine imposed on an insurance licensee. A 15% discount will also apply to the pro-rata annual fee for new insurance licensees authorized after 15 March 2026. The fine, the largest since 2017, was calculated under the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020.
Policy & regulationRules & requirementsOther
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2026-03-12•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro and the European Bank for Reconstruction and Development have launched the third round of the Women on Boards Montenegro programme to boost women's roles in economic decision-making and corporate governance. This aligns with the EU Directive on gender balance, aiming for 40% female board representation and 33% in director roles in large enterprises. The programme offers a two-month training on corporate governance and leadership for women with management experience.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
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2026-03-12•Russia•Central Bank of Russia
The Central Bank of Russia announced that Primorye Territory won the All-Russian Financial Culture Capital Competition for 2026, supported by the Bank of Russia and the Russian Ministry of Finance. The winning FinEco project integrates financial literacy with environmental awareness through initiatives like a corporate-team competition and a dedicated portal. Primorye will receive support to host forums and conferences to share best practices nationally.
Financial literacy & educationFinancial literacy and education
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2026-03-12•Angola•Ministry of Finance (Angola)
Angola's Insurance Regulation and Supervision Agency (ARSEG) reported fewer complaints against insurers and pension fund managers, crediting regulatory measures like ARSEG Regulatory Standard No. 3/25. The report highlights breaches in information duties and delays in claims settlement, with the insurance sector accounting for 56% of complaints. ARSEG's Market Conduct Supervision and Complaints Management Department has intensified efforts to improve claims resolution and consumer protection.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2026-03-12•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance reported a rise in capital markets activity, with BODIVA mobilizing AOA 417 billion over four years and market transactions reaching 37,000 in 2025. Trading doubled from 2023 to 2024 and expanded in 2025, with BFA Capital Markets trading AOA 1.98 trillion. The central securities depository saw a 60% increase in custody accounts, holding AOA 17.14 trillion for 41,000 investors, and integrated 40 issuances, including Etu Energias corporate bonds and a BAI bond issuance.
Data & statisticsMarket development
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2026-03-12•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 targeting The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-03-12•Sri Lanka•Central Bank of Sri Lanka
The Central Bank of Sri Lanka is preparing to launch the Financial Inclusion Survey 2026 to inform the National Financial Inclusion Strategy Phase II. The survey will cover 480 Grama Niladhari Divisions to assess financial service awareness, usage, and access barriers. Kantar Lanka (Pvt) Ltd will conduct the survey.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-03-12•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published January 2026 asset quality and financial statistics for 38 domestic banks, reporting total outstanding loans of NT$45.3 trillion (USD 1,440 billion), up NT$483 billion (USD 15.35 billion) month on month, with the average non-performing loan ratio unchanged at 0.15%. Total non-performing loans rose slightly to NT$67.27 billion (USD 2.14 billion) and the coverage ratio declined to 914.33%, which the authority still assessed as manageable while instructing banks to continue strengthening asset quality and financial structure.
Data & statisticsFinancial and market indicators
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2026-03-12•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published January 2026 statistics on credit card, cash card and electronic payment institution business, covering issuer numbers, card and user volumes, balances, transactions, write-offs and delinquency. Credit card and cash card portfolios were broadly stable with low delinquency, while electronic payment usage and balances continued to expand, particularly in electronic payment accounts.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan approved new foreign exchange market issuances by Australia and New Zealand Banking Group Taipei Branch, Bank SinoPac and Taiwan Cooperative Bank to promote liberalisation, internationalisation and development of the foreign exchange market. The approvals cover foreign currency-denominated negotiable certificates of deposit and various callable and non-callable USD-denominated senior unsecured structured notes linked to interest rate derivatives. The Bank also reported that as of end-February 2026 there were 3,448 authorised banks, comprising 3,408 domestic banks, three Mainland banks and 37 foreign banks.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-12•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini is implementing a "prompt correction" for Eswatini Bank to stabilize its operations and support a transformation programme. This initiative aims to enhance the bank's balance sheet, governance, and risk management framework, with strategic support from an experienced consultant. The intervention also focuses on improving service delivery and operational capacity while maintaining the bank's development mandate.
SupervisionInterventionsCapital adequacyAsset qualitySupervision process and methodologies
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2026-03-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) mandates non-bank BSP-supervised financial institutions to transition prudential report submissions to the API-based Prudential Reporting Innovation and Monitoring Engine (PRIME) using Extensible Markup Language (XML). Institutions must map reports to BSP-provided XML Schema Definitions, generate compliant XML versions, and submit via API using Public Key Infrastructure digital certificates. The transition will occur in phases, with interim XML submissions allowed through the BSP Relationship Management System for those not yet API-ready.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2026-03-12•Russia•Central Bank of Russia
The Central Bank of Russia's Review of Key Indicators for 2025 Q4 highlights significant growth in collective investment and trust management activities. Net inflows into unit investment funds (UIFs) increased by over a third to RUB 2.8 trillion, while management companies' client assets rose by about a quarter to RUB 32.6 trillion. Trust management assets reached a record RUB 3.3 trillion, with retail inflows climbing to RUB 172 billion.
Data & statisticsAsset quality
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2026-03-12•Global•Bank for International Settlements - Committee on the Global Financial System
The Bank for International Settlements Committee on the Global Financial System published a report analyzing foreign currency funding shortages and cross-border liquidity flows during market impairments. It highlights the US dollar's central role and the use of derivatives-based hedging to mitigate currency mismatches, noting potential rollover risks. The report underscores the importance of central bank liquidity facilities and calls for closing data gaps to better map global exposures to foreign currency funding.
ResearchLiquidity riskForeign exchange policy and markets
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2026-03-12•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) reviewed the second charge mortgage market, highlighting deficiencies in affordability assessments, customer advice, and fee transparency. The FCA noted risks of financial harm, especially for borrowers consolidating debt, and urged lenders and brokers to enhance standards. Ongoing engagement with firms will continue, with potential policy changes considered to ensure consumer protection.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-03-12•Denmark•National Bank of Denmark
The National Bank of Denmark's mortgage credit statistics for Q4 2025 reveal a shift from fixed-rate to variable-rate mortgages among Danish homeowners. Fixed-rate mortgage holders decreased by 43,000 (4.6%), while variable-rate holders increased by 32,000 (4.0%). Median mortgage debt for variable-rate borrowers rose to over DKK 900,000, contrasting with a decrease for fixed-rate borrowers to under DKK 650,000.
Data & statisticsFinancial and market indicators
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2026-03-12•Estonia•Central Bank of Estonia
The Central Bank of Estonia released quarterly statistics on licensed crypto-asset service providers, revealing a decline in clients' crypto-asset holdings by over a third due to price drops. The data includes details on assets, client holdings, services, and providers' financial results, separate from economic policy communications.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-12•Global•International Monetary Fund
The IMF attributes Europe's widening productivity gap with the U.S. to challenges in scaling up European firms due to imperfect integration. Key impediments include fragmented capital markets, limited cross-border labour mobility, and barriers to cross-border product sales. The IMF suggests deeper integration of capital, labour, and consumer markets could enhance firm growth and productivity.
ResearchMarket development
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2026-03-12•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) has updated its Rules and Operational Guidelines, effective 12 March 2026, expanding its jurisdiction to include scam-related disputes and introducing a mechanism to publicly identify non-compliant firms. Approved by the Australian Securities and Investments Commission, the updates remove legacy complaint provisions and clarify the definition of a "small business credit facility." These changes follow stakeholder feedback from 39 submissions during the 2025 public consultation.
Policy & regulationRules & requirementsComplaints and dispute resolution
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2026-03-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced that Hong Kong Green Week 2026 will occur from 7 to 11 September, themed “Future-proofing Sustainable Growth.” The event will feature large-scale conferences and forums, along with roundtables, workshops, and seminars, focusing on six thematic areas including climate adaptation and green technology. The 2025 edition involved 65 institutions and over 14,500 participants from more than 75 jurisdictions.
Financial literacy & educationClimate risk and sustainable finance
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2026-03-12•United Kingdom•HM Treasury
HM Treasury and the European Commission issued a joint statement after the fifth Joint EU-UK Financial Regulatory Forum in London, highlighting cooperation in financial services regulation, sanctions, and anti-money laundering. Discussions covered the UK's Financial Services Growth and Competitiveness Strategy, the EU's Savings and Investments Union strategy, cybersecurity risks, and digital innovation. Updates were exchanged on benchmarks regulation, transaction reporting, asset management, and sustainable finance, with both parties agreeing on the importance of interoperability and continued engagement.
Policy & regulationCooperationCross-border cooperation
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2026-03-12•Malaysia•Malaysia Securities Commission
The Securities Commission Malaysia charged former Sarawak Consolidated Industries Berhad (SCIB) Group Managing Director Rosland bin Othman for allegedly causing SCIB to furnish a false statement to Bursa Malaysia. A warrant of arrest was obtained for former SCIB chairman Mohd Abdul Karim Abdullah for the same alleged offence. Rosland claimed trial and was granted bail, while Karim remains at large with prior charges resolved via a RM3 million compound.
EnforcementInvestigations & enforcement actionsFinancial benchmarks
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2026-03-12•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority's inspection of Haugesund Sparebank revealed deficiencies in ICT governance and control, particularly in operationalising governance documents and managing ICT service providers. The report calls for a concrete plan to enhance ICT risk management, supplier reporting alignment, and independent assessments of third-party services. Haugesund Sparebank has started remediation efforts, including strengthening the second line and improving contingency testing.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2026-03-12•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has directed ERX Co., Ltd. (KuCoin Thailand) to clarify the involvement of directors from its major shareholders, Cryptosphere Ventures Co., Ltd. and ROE Co., Ltd., following reports of a director's link to Capital Asia Investment. This follows a Singapore operation against Capital Asia Investment for alleged money laundering. ERX must ensure its directors comply with regulations under the Emergency Decree on Digital Asset Businesses B.E. 2561 (2018).
SupervisionInterventionsCorporate governance
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2026-03-12•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission is consulting on lifting the moratorium on new online lending platforms, subject to prior approval, enhanced safeguards and a 10-platform limit per company. The draft introduces tiered capital requirements, a three-year compliance period, consumer protection and credit reporting rules, and entity-level licensing fees. Comments are due by March 25, 2026.
Policy & regulationRules & requirementsLendingConsumer and investor protectionCapital adequacy
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2026-03-12•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority has approved the annual update of Managem’s commercial paper issuance programme, with a ceiling of MAD 2 billion. The programme includes a reference document for financial year 2024 and the first half of 2025, and features maturities from 10 days to 12 months with fixed interest rates.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) detailed its credit measures for affordable and social housing, reporting VND 41 trillion in outstanding loans through policy and commercial-bank channels. The Vietnam Bank for Social Policies accounted for over VND 25 trillion, while commercial banks lent over VND 16 trillion, with preferential rates below average lending rates. SBV also allows programme lending balances to be excluded from banks’ annual credit growth targets to boost participation.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has replaced the licenses of Open Joint-Stock Company Ayyl Bank due to its corporate name change to ABank. The updated name forms are reflected in Kyrgyz, Russian, and English.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway released a report detailing the liquidity status of Norwegian banks as of 31 December 2025.
SupervisionRisk monitoring & watch pointsOther
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2026-03-12•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released a Q&A document on the DORA information register, extending the submission deadline to 31 March 2026. The Q&A addresses data collection, register completion, and the exclusive use of xBRL-CSV for submissions. AFM noted firms' challenges with data volume and requests for data collection outcomes.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-03-12•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission and the Independent Commission Against Corruption conducted "Fuse," a joint operation targeting suspected insider dealing by senior executives of three licensed corporations. Eight individuals, including executives from securities firms and a hedge fund, were arrested for allegedly accepting over 4 million HKD in bribes for confidential share placement information. The ongoing investigation involves potential breaches of the Prevention of Bribery Ordinance and the Securities and Futures Ordinance.
EnforcementInvestigations & enforcement actionsBribery and corruption
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2026-03-12•Europe•European Central Bank
ECB Executive Board member Piero Cipollone outlined the Eurosystem’s Pontes and Appia initiatives for safe settlement of tokenised wholesale transactions in euro central bank money. Pontes will link TARGET Services to distributed ledger technology platforms by Q3 2026, while Appia will create next-generation European financial infrastructure through public-private collaboration. The roadmap will enhance Pontes and support market-led infrastructure solutions.
Policy & regulationImplementation, projects & pilotsCBDCTokenization
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2026-03-12•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission amended the Special Act on the Prevention of Loss Caused by Telecommunications-based Financial Fraud, extending it to virtual asset exchange service providers. These providers must verify transaction purposes, monitor for vishing-related activities, and participate in the AI-based Anti-phishing Sharing and Analysis Platform for real-time information sharing. Effective October 2026, the amended Act allows cash refunds from the sale of virtual assets in vishing cases.
Policy & regulationRules & requirementsFraud and scams
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2026-03-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) has launched the "Open Finance for PERA Pilot," enabling customers of G-Xchange, Inc. (GCash), Union Bank, Philippine National Bank, and Rizal Commercial Banking Corporation to open Personal Equity and Retirement Accounts (PERA) online. Using BSP's Open Finance framework, it facilitates secure, consent-based information sharing to ATRAM Trust Corporation, simplifying onboarding and supporting PERA take-up. The BSP aims to expand this model with more financial institutions.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2026-03-12•Peru•Central Bank of Peru
Central Reserve Bank of Peru kept its policy rate at 4.25 % for March 2026, extending a pause since September 2025 as headline and core inflation both reached 2.2 %—still near the 2 % midpoint of the 1–3 % target band—while activity held around potential. The bank retained supporting operational rates, warned of a temporary inflation overshoot from supply shocks, and will review policy on 9 April.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-12•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Circular Letter CVM/SRE 2/2026, detailing procedures for lead coordinators and intermediary institutions to follow for electronic registration of public offerings and tender offers during SRE Offer Registration System outages. The guidance addresses automatic-rite and ordinary-rite public offerings and tender offers, specifying actions during system unavailability identified by CVM's IT teams.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-03-12•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Quarterly ADI Performance and Property Exposures publications for Q4 2025, detailing ADIs' financial condition and property lending. Key updates include a 6.6% rise in net profit after tax to 42.3bn AUD, a 3.2% increase in total assets to 6,828.8bn AUD, and a total capital ratio of 20.3%. The data now includes new lending with a debt-to-income ratio of six or greater, with high DTI lending accounting for 6.8% of loans.
Data & statisticsCredit riskPrudential risks
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2026-03-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate passed the 21st Century ROAD to Housing Act, sponsored by Tim Scott and developed with Elizabeth Warren. The legislation aims to lower housing costs by expanding supply and reducing regulatory barriers, focusing on cutting red tape, unlocking housing supply, and lowering costs without new mandatory federal spending. Key measures include streamlining environmental reviews, modernizing manufactured housing rules, and limiting large institutional investors in residential markets.
Policy & regulationRules & requirementsOther
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2026-03-12•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) plans to expand its FinTech sandbox pilot by introducing a restricted licence to facilitate market entry for innovative firms. The pilot revealed pathways to market for four of six participating firms and provided insights into innovation-related benefits and regulatory gaps. The FMA also published feedback on its tokenisation discussion paper, noting benefits like increased liquidity and risks such as cyber security and legal uncertainty.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2026-03-11•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand is creating a Memorandum of Understanding (MoU) to enhance financial inclusion by improving access to basic transaction accounts. The MoU will involve commitments from financial entities to provide access to all New Zealand consumers, with progress monitored by the Reserve Bank and supported by various regulatory bodies. This initiative follows a consultation indicating strong support for addressing financial exclusion.
Policy & regulationCooperationFinancial inclusion
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2026-03-11•Israel•Bank of Israel
The Bank of Israel, in coordination with the Israel Tax Authority and the Accountant General Division, has decided that the majority of tax payments from Wiz shareholders, due to the sale of Wiz to Google, will be settled in USD.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2026-03-11•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain confirmed normal operations and efficient service delivery in Bahrain's banking sector amid regional developments and Iranian aggression. It emphasized heightened oversight and coordination with financial institutions to ensure business continuity, supported by advanced regulatory frameworks and digital infrastructure. Capital adequacy and liquidity ratios exceed regulatory requirements, and payment systems and security measures are robust.
SupervisionRisk monitoring & watch pointsOperational risk and resilienceFinancial stability and systemic risk
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2026-03-11•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released a summary of proceedings and sample forms from its Study Group on Corporate Value Security Trust Agreements. These materials aim to support the corporate value security interest system under the Act on the Promotion of Business Financing. The agency encourages parties to tailor trust agreement terms to individual borrower needs.
Policy & regulationGuidance & interpretationLending
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2026-03-11•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two exchange bureaus in Bishkek and one in Kant KGS 55,000 each for breaching Kyrgyz legislation and the bank's regulations.
EnforcementInvestigations & enforcement actionsForeign exchange policy and markets
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2026-03-11•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Superintendent Sergio Espinosa Chiroque of Peru’s Superintendency of Banking, Insurance and Pension Funds Administrators visited Tarapoto to engage with local stakeholders on the regional financial system. He participated in the Annual Strategic Leadership Summit in Microfinance, delivering presentations on financial regulation and open finance. The visit included workshops and meetings to enhance management capabilities and promote innovation among local cooperatives.
SupervisionRisk monitoring & watch pointsMarket development
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2026-03-11•Japan•Bank of Japan
The Bank of Japan released the February 2026 results of its Survey on Fails, detailing 13,205 settlement fails in Japanese government bond transactions with a total face value of JPY 16.0 trillion. The average fail duration was 1.32 business days, with a maximum of 24 days, and 33 buy-ins were reported. The survey includes data from 245 institutions participating in the JGB book-entry system and BOJ-NET JGB DVP services.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-11•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) corrected its default list by removing Natura & Co Holding S.A. following the cancellation of its registration as a publicly held company. This change is retroactive to 1 July 2025, aligning with its incorporation into Natura Cosméticos S.A.
SupervisionOtherSanctions list update
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2026-03-11•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group has released an interactive version of its Technical Advice on the Draft Simplified European Sustainability Reporting Standards on its Knowledge Hub. This platform offers a navigable view of proposed simplifications, linking amended disclosures to the 2023 ESRS and vice versa. Access requires a free Knowledge Hub account.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-03-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) announced a National Council of Private Insurance (CNSP) resolution amending Vehicle Civil Liability Insurance (RC-V) requirements for road cargo transport. CNSP Resolution No. 488 limits mandatory coverage to events during active transport service, allowing optional coverage for off-service situations. This change aligns insurance rules with road cargo transport legislation and the Insurance Legal Framework, part of SUSEP's 2026 Regulation Plan.
Policy & regulationRules & requirementsOther
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2026-03-11•Ukraine•National Bank of Ukraine
National Bank of Ukraine Governor Andriy Pyshnyy detailed efforts to maintain stability during the war, starting with emergency controls and moving to standard policies. Measures included fixing the exchange rate, capital controls, and easing bank regulations, then shifting to managed exchange rate flexibility, inflation targeting, and EU standards alignment. Future priorities are European financial integration, corporate governance enhancement, and post-war recovery preparation.
Monetary policyMonetary policy framework & strategyFinancial stability and systemic risk
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2026-03-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) released its first 2026 risk monitoring report, indicating high market and systemic stress risks in EU financial markets despite resilient late 2025 performance. The report highlights potential significant price swings due to geopolitical tensions, stretched equity valuations, and an uncertain EU economic outlook, with increased contagion risk from higher cross-asset correlations and cyber threats. It also notes record-high global equity valuations, mixed credit-quality signals, persistent weakness in EU equity issuance, a crypto flash crash, and settlement-fail spikes at central securities depositories.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMarket risk and volatility
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2026-03-11•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released its annual report on 2024 financial report supervision, highlighting enforcement actions and 2025 review priorities. Key areas include consistency between financial and sustainability reporting, transparency on future regulatory impacts, and adherence to European guidance on Alternative Performance Measures (APMs). The CNMV will focus on geopolitical risks, segment reporting, and ESEF tagging errors, with additional scrutiny on disclosures regarding significant influence or control over investees.
SupervisionReviews, inspections & stress testsAccounting and financial reportingSupervision process and methodologies
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2026-03-11•Italy•Bank of Italy
The Bank of Italy released updated statistics on international tourism in Italy, covering data up to December 2025. The data is derived from a survey program initiated in 1996, which interviews and counts both resident and non-resident travelers at various entry points.
Data & statisticsBalance of payments and other external statistics
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2026-03-11•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador is developing Ecuador’s Oceanic Thematic Account to improve economic statistics on marine activities and highlight ocean natural capital's contribution to economic development. This initiative aims to measure marine natural capital's impact on GDP and link growth to ecosystem sustainability. Additionally, the bank plans to update the Ecosystem Account for the insular Exclusive Economic Zone and integrate sustainability into its processes through related projects.
Data & statisticsOther
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2026-03-11•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released February 2026 statistics for the Central Information Archive.
Data & statisticsSupervisory data
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2026-03-11•Sweden•Riksbank
Sveriges Riksbank's February 2026 Business Survey reveals a slow and hesitant economic recovery for large Swedish companies, with global uncertainties impacting consumption and investment. Consumer-facing businesses see improved conditions, while manufacturing faces mixed demand, particularly in defence and export sectors. Most companies are using artificial intelligence to boost productivity, with expectations of long-term skill demand shifts.
Data & statisticsEconomic data and developments
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2026-03-11•Mexico•CONDUSEF
Mexico’s CONDUSEF held a Financial Health Forum focused on financial education from a gender perspective. Co-organised with the Mexican Association of Insurance Institutions and the Mexican Association of Pension Fund Administrators, it addressed gaps in women's economic participation and shared tools for informed financial decisions. Discussions included tailored financial products, the Minerva initiative's impact on over 104,000 women, and the need for a protective regulatory framework.
Financial literacy & education
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2026-03-11•United Kingdom•Bank of England
The Bank of England's Prudential Regulation Authority imposed a GBP 10.625 million penalty on U K Insurance Limited for miscalculating its Solvency II balance sheet in 2023 and 2024, leading to overstated solvency. This was due to ineffective controls and resourcing issues, undetected by Direct Line Group's internal controls. The penalty was reduced by 50% under the Early Account Scheme due to early admissions, marking its first use in enforcement.
EnforcementInvestigations & enforcement actionsPrudential risks
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the Office of the Director of Public Prosecutions (CDPP) will not proceed with charges from ASIC’s investigation into Capital Mining Limited, finalizing the matter. Charges against former directors were discontinued in 2024 under the Criminal Procedure Act 2004 (WA), and the CDPP will not pursue charges in another jurisdiction.
EnforcementInvestigations & enforcement actionsOther
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2026-03-11•Japan•Bank of Japan
The Bank of Japan's preliminary February 2026 data for the Corporate Goods Price Index shows a 0.1% decline in the Producer Price Index, while Export and Import Price Indexes rose by 1.5% and 0.9%. The decrease in producer prices was due to lower costs in electric power, gas, and water, partially offset by increases in petroleum, coal, and metal products. Export price growth was driven by electric, electronic, and metal products, with import prices rising mainly due to metals and energy products.
Data & statisticsEconomic data and developments
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2026-03-11•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) issued a regulation limiting foreign workers in Executive Officer roles and as experts or consultants to five years, with extensions subject to OJK approval. The regulation mandates knowledge-transfer programmes and requires Indonesian staff to gain international experience through talent-exchange arrangements. It applies to commercial banks, especially those with over 25% foreign ownership, effective 23 February 2026.
Policy & regulationRules & requirementsOther
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2026-03-11•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) launched the Santri Cakap Literasi Keuangan Syariah (SAKINAH) programme with Nahdlatul Ulama’s Executive Board to enhance Islamic financial literacy and entrepreneurship among santri in pesantren. The initiative includes a teaching module on entrepreneurship and Islamic finance, aiming for use across Nahdlatul Ulama’s educational institutions. This effort is part of OJK's broader strategy to expand Islamic financial literacy and inclusion.
Financial literacy & educationFinancial literacy and education
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the County Court of Victoria sentenced Remedy Housing officials for dishonesty offences related to promoting interest-free mortgages. Brent Smith, Mahmoud Khodr, and Fue Mano received prison sentences for misappropriating AUD 754,574 and misleading customers. The court found the scheme targeted vulnerable customers, with no actual investors or mortgages provided, and ordered reparations to victims.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has introduced relief to streamline disclosure for residential strata insurance involving multiple insurers. Only the lead insurer is required to prepare the Product Disclosure Statement, with a supplementary statement detailing each insurer's risk share. This measure aims to facilitate coverage for high-value strata properties while ensuring compliance with the Corporations Act 2001.
Policy & regulationGuidance & interpretationDisclosures
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2026-03-11•United Kingdom•Bank of England
The Bank of England will feature UK wildlife on its next series of banknotes, following a public consultation where 60% of respondents favored the nature theme. This decision aims to enhance banknote authentication and counterfeit resilience. A second consultation in 2026 will refine specific wildlife imagery, with new banknotes expected in a few years.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-11•Global•International Monetary Fund
The IMF's Alfred Kammer stressed Europe's need to boost productivity and resilience via EU Single Market completion and energy system integration. Reducing intra-EU regulatory barriers could significantly enhance productivity and investment, while energy challenges require coordinated EU strategies. Kammer highlighted the European Commission's Grids Package and the European Council's 2027 Single Market completion target as crucial steps.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2026-03-11•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) signed a Memorandum of Understanding to enhance coordination on lawful innovation, market integrity, and investor protection. The Joint Harmonization Initiative aims to streamline regulatory processes, modernize frameworks, and develop regulations for crypto assets and emerging technologies. This initiative will be co-led by Meghan Tente (CFTC) and Robert Teply (SEC).
Policy & regulationCooperationCross-border cooperation
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2026-03-11•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York appointed Mark R. Lavarnway, president and CEO of Watertown Savings Bank, to its Community Depository Institutions Advisory Council (CDIAC). The CDIAC offers insights from community depository institutions within the Federal Reserve’s Second District. Members, representing entities with assets under USD 10 billion, serve three-year terms.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs has reintroduced the Failed Bank Executives Clawback Act of 2026, mandating the FDIC to reclaim compensation from executives of large banks that fail. The bill targets compensation received in the three years prior to a bank's failure, with Silicon Valley Bank cited as a reference. Co-sponsors include Senators Kevin Cramer, Mark Warner, Chris Van Hollen, Tina Smith, Andy Kim, Raphael Warnock, John Fetterman, Lisa Blunt Rochester, and Angela Alsobrooks.
Policy & regulationRules & requirementsCorporate governance
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2026-03-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren and Representative Maxine Waters urged Federal Reserve Vice Chair for Supervision Michelle Bowman to expedite enforcement actions against Silicon Valley Bank (SVB) executives, including penalties and industry bans. They highlighted SVB's rapid growth and high uninsured deposit base as risks inadequately managed due to deregulatory changes. The lawmakers contrasted the Federal Reserve's inaction with the Federal Deposit Insurance Corporation's initial steps and cited analyses linking deregulation to SVB's failure.
EnforcementInvestigations & enforcement actionsCorporate governance
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2026-03-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren warned that corruption under President Trump is eroding investor trust and could jeopardize U.S. financial markets. At the Council of Institutional Investors conference, she criticized weakened enforcement by agencies, especially the SEC, and urged investment leaders to demand stronger anti-corruption measures. Warren called for Congress to enact tougher laws and for regulatory bodies to enforce existing rules, highlighting alleged favoritism and conflicts in various sectors.
Policy & regulationReform agendas & prioritiesBribery and corruption
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2026-03-11•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Kim Assel Erlanovna as chief accountant in the securities market. Her appointment was confirmed under protocol No. 294/RCB.
Institutional developmentLeadership change & appointmentsLicence approval
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2026-03-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has cancelled Salarium Payments Corporation's certificate of registration as an operator of payment systems. This decision, approved by the Monetary Board under Resolution No. 1158, was due to violations of Republic Act No. 11127, the National Payment Systems Act.
EnforcementSanctions & designationsUnlicensed or unauthorized activity
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2026-03-11•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board (CPAB) has published its first individual firm inspection reports, enhancing transparency for investors and stakeholders. This initiative follows previous measures like disclosing significant enforcement actions and unresolved recommendations. CPAB's expanded disclosure practices stem from public consultation and recent rule amendments.
Policy & regulationImplementation, projects & pilotsAuditing
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2026-03-11•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier reported a rise in total net assets of undertakings for collective investment (UCIs) to EUR 6,294.473bn as of 31 January 2026, driven by positive net capital investment and market effects. The number of UCIs decreased to 3,013, influenced by geopolitical tensions and economic data. Eight UCIs were registered and 31 deregistered during the month, with one UCI managed by a company authorized under Directive 2009/65/EC.
Data & statisticsFinancial and market indicators
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2026-03-11•British Virgin Islands•British Virgin Islands Financial Services Commission
The British Virgin Islands Financial Services Commission concluded its 2026 Meet the Regulator Forum series, announcing plans to open a Latin America representative office in Panama by year-end. The series included events in the British Virgin Islands, Panama, London, and Hong Kong, engaging over 350 stakeholders from various financial sectors. Presentation slides are available on the Commission's website, with a roundup to be published in its Q1/2026 newsletter.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2026-03-11•San Marino•Central Bank of San Marino
The Central Bank of the Republic of San Marino (CBSM) and Bulgaria's Financial Supervision Commission (FSC) have signed a Memorandum of Understanding to formalize cooperation and information exchange for supervisory and regulatory functions. Signed by CBSM Managing Director Andrea Vivoli and FSC President Vasil Golemansky, this marks CBSM's tenth such agreement, enhancing its international relations within the context of the Association Agreement with the European Union.
SupervisionCooperationCross-border cooperation
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2026-03-11•Moldova•National Bank of Moldova
The National Bank of Moldova's Governor Anca Dragu emphasized gender gaps and the need for women's economic participation at the 2026 Female Entrepreneurship and Leadership Index launch. Initiatives include FinanciarELE, a female leadership community, and a National Financial Inclusion Strategy with World Bank support to improve financial access for vulnerable groups. Despite women outnumbering men in Moldovan financial firms, a significant pay gap persists, described as a glass-ceiling dynamic.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
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2026-03-11•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a sanctions update after new information from the Isle of Man Treasury on the Russia sanctions regime. Firms are directed to the Isle of Man Government news release and the Treasury Division’s webpage for current sanctions notices. Subscription options for updates via RSS feed and email alerts from the UK Treasury’s Office of Financial Sanctions Implementation are also highlighted.
Policy & regulationGuidance & interpretationSanctions list update
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2026-03-11•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency and the Ministry of Finance held the first Quarterly Capital Markets Consultation of 2026, discussing amendments to the Sustainable Finance Disclosure Regulation and the European Commission's initiative to shorten the securities settlement cycle. The Central Depository and Clearing Company presented new functionalities for electronic attendance and voting at general meetings and plans to implement anti-money laundering and counter-terrorist financing regulations by July 2027.
Policy & regulationCooperationCapital adequacySupervision process and methodologies