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2026-03-11•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) announced that the Swiss State Secretariat for Economic Affairs (SECO) updated Switzerland’s sanctions list, targeting individuals and groups linked to the Taliban, following a United Nations committee update. Financial intermediaries must enforce prohibitions, freeze assets, and report affected relationships to SECO, while conducting further checks under the Swiss Anti-Money Laundering Act.
Policy & regulationRules & requirementsSanctions list update
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2026-03-11•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has cancelled Arex Sigorta AŞ’s operating licences for all insurance branches except surety. This decision, made under Insurance Law No. 5684, affects branches including accident, health, vehicles, transport, fire, liability, credit, and legal protection.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-11•Kenya•Central Bank of Kenya
The Central Bank of Kenya and the National Bank of Rwanda have signed a Memorandum of Understanding to develop a licence passporting framework for payment service providers (PSPs) across both jurisdictions. This initiative aims to enable mutual recognition of licensing regimes, facilitating PSP expansion between Kenya and Rwanda while maintaining regulatory oversight. It addresses duplicative regulatory processes and aligns with the East Africa Community Cross-Border Payment System Masterplan.
Policy & regulationCooperationCross-border payments
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2026-03-11•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) issued an alert warning that the websites https://account.q8trade.net/ and https://q8traders.com/ are not associated with BLUEPINE LTD, a licensed entity. The FSA advises investors to thoroughly research entities before engaging in business or sharing personal information.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-11•Global•Network for Greening the Financial System
The Network for Greening the Financial System (NGFS) announced strategic priorities for 2026-2027, emphasizing international cooperation on climate and nature-related financial risks. Following its Annual Plenary Meeting in Pretoria, the NGFS plans to remain a technical incubator, enhance scenario expertise, and support practical implementation. The NGFS also reported record membership and will introduce regional groups to better engage its diverse members.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2026-03-11•Global•International Monetary Fund
The International Monetary Fund's research indicates South Africa's costly licensing hinders firm growth and job creation, especially for SMEs. It suggests comprehensive reforms, including a simplified national licensing policy, to boost investment and employment. The proposed 2025 Business Licensing Bill is a key opportunity to modernize the system with a single-window digital platform and risk-based requirements.
ResearchRegulatory burden
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2026-03-11•Canada•Ombudsman for Banking Services and Investments
Canada’s Ombudsman for Banking Services and Investments (OBSI) appointed Eleanor Marshall and Ali Solehdin as community directors to its Board, following Ron Smith’s departure. Marshall brings over 30 years of finance experience, while Solehdin offers over 20 years in technology leadership. OBSI's bylaws mandate a majority of independent directors, including three consumer interest directors and three industry directors.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-03-11•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed administrative penalties totaling CAD 600,000 on Claire Drage, a former mortgage broker, for misconduct in mortgage dealings. Drage brokered over $100 million in mortgages without disclosing material risks or conflicts of interest, violating Ontario Regulation 187/08. The involved real estate companies later became insolvent, and Drage did not contest the FSRA's order.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-03-11•United States•Federal Deposit Insurance Corporation
FDIC Chairman Travis Hill, at the American Bankers Association Washington Summit, outlined efforts to enhance the supervisory and regulatory framework, including rulemakings on capital, liquidity, and stablecoins. Initiatives involve revising the Community Bank Leverage Ratio, adjusting the Liquidity Coverage Ratio, and developing proposals with the Treasury Department to advance the Anti-Money Laundering Act of 2020. Additionally, the FDIC plans to clarify that payment stablecoins are not eligible for pass-through deposit insurance under the GENIUS Act.
Policy & regulationRules & requirementsSupervision process and methodologies
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2026-03-11•North Macedonia•Ministry of Finance (North Macedonia)
North Macedonia’s Ministry of Finance identified fraudulent trading practices in financial companies, including misleading advertising contrary to the Consumer Protection Act. Irregularities involved deceptive "0% interest" claims, undisclosed financial service providers, and inconsistent company naming. The Ministry has mandated corrective actions and warned of further measures to protect consumers if non-compliance persists.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-03-11•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia reported a rise in counterfeit euro banknotes withdrawn from circulation in 2025, while counterfeit coins decreased. Despite the increase, the likelihood of encountering counterfeit currency remains low, with the total face value of detected counterfeits rising by 28% to EUR 140,935. The bank emphasized consumer vigilance using the "feel, look and tilt" method and highlighted that passing counterfeits is a criminal offense.
Data & statisticsCurrency and cash management
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2026-03-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported a continued rise in payment card usage in 2025, with 13.3 million cards issued and nearly 805 million transactions, averaging RSD 2,250 each. In-store card payments increased by 18.1% from 2024, with foreign-issued cards making up 7.3% of these transactions. Merchant acceptance infrastructure grew to 184.7 thousand POS solutions, and the ATM network expanded to 3,265 machines by the end of 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported record foreign exchange reserves at the end of February, with gross reserves at EUR 29,818.0 million and net reserves at EUR 25,251.8 million. The increase was driven by inflows from banks' reserve requirements, net sales of state-owned securities, and valuation effects, including a rise in the USD gold price. Gold reserves reached a record 53,411.0 kilograms, accounting for 25.5% of gross reserves, while the central bank sold EUR 200.0 million to stabilize the exchange rate.
Data & statisticsBalance of payments and other external statistics
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2026-03-11•Serbia•National Bank of Serbia
The National Bank of Serbia issued a warning about Imperial d.o.o., a company advertising loans on Facebook without authorization. The bank emphasized the risks of borrowing from unlicensed entities, which are not under its supervision, and urged citizens to report illegal lending activities to the Ministry of the Interior.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-03-11•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice after the UN Security Council Committee amended the Taliban sanctions list under Resolution 1988. Firms must check for connections with designated individuals, freeze relevant assets, and report to the States of Guernsey Policy and Resources Committee and the Commission. Changes to the UN Consolidated List are automatically effective in the UK and Guernsey under respective sanctions regulations.
Policy & regulationRules & requirementsSanctions list update
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2026-03-11•Georgia•National Bank of Georgia
The National Bank of Georgia announced Bybit Georgia's launch, with Bybit operating under Virtual Asset Service Provider and Payment Service Provider licences. Governor Natia Turnava emphasized attracting market participants and enhancing competition, alongside recent reforms for supervising virtual asset service providers. Bybit's CEO cited Georgia's crypto adoption and regulatory environment as key investment factors.
SupervisionAuthorisations & approvalsFintech and insurtechMarket development
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2026-03-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of the M-RinIT2 investment compartment of Monterock Investments AIF V.C.I.C. Plc following total unit redemption, in accordance with the Alternative Investment Funds Law of 2018. The compartment's dissolution was reported by its external manager, Byron Capital Partners Ltd, under Article 52(6), with voluntary liquidation proceeding under Article 63(1)(d).
SupervisionAuthorisations & approvalsOther
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2026-03-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that 7Q Asset Management Ltd has initiated the dissolution and liquidation of ELINET RAIF V.C.I.C. PLC. The fund will remain registered and listed as "under liquidation" on CySEC’s website until the process is finalized and all documentation is submitted.
SupervisionAuthorisations & approvalsOther
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2026-03-11•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria's Governing Council amended its ordinance on balance of payments, international investment position, and securities statistics reporting, effective 1 April 2026. Changes include removing certain quarterly submissions, introducing a new annual form for foreign accounts with balances of at least EUR 25,000, and mandatory electronic filing for direct investment reports. Quarterly reporting remains for accounts under fund management contracts, while paper submissions are discontinued.
Policy & regulationRules & requirementsBalance of payments and other external statistics
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2026-03-11•United Arab Emirates•Central Bank of the UAE
The Central Bank of the United Arab Emirates was named Risk Manager of the Year 2026 at the Central Banking Awards for its innovative operational risk management approach. The bank's shift to an AI-enabled ecosystem and the deployment of an in-house AI Risk Agent have enhanced risk identification and detection, aligning with its "Resilience by Design" strategy. The award will be presented at the Central Banking meetings in London in June 2026.
OtherOperational risk and resilience
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2026-03-11•United Kingdom•The Pensions Regulator
The Pensions Regulator and City of London Police have alerted over 35,000 pensions professionals about increased impersonation fraud targeting pension accounts. The alert highlights tactics like identity theft, account takeover, and fraudulent claims, urging enhanced security measures and prompt incident reporting. TPR noted a significant rise in fraud cases affecting UK scheme members in Africa and emphasized robust identity verification and data security.
SupervisionAlertsFraud and scams
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2026-03-11•Germany•German Bundesbank
The German Bundesbank plans to relocate its headquarters to a new property in Frankfurt, following a review that deemed purchasing a new site more cost-effective than maintaining the current Wilhelm-Epstein-Straße location. Investment needs at the current site were estimated at EUR 1.6bn, with total costs projected at EUR 2.9bn through 2067. The City of Frankfurt has expressed interest in acquiring parts of the existing site, which is legally feasible.
Institutional developmentProcurementOperational excellence
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2026-03-11•Bulgaria•Bulgaria Financial Supervision Commission
Bulgaria Financial Supervision Commission Deputy Chairs Denitsa Velichkova and Diana Yordanova participated in the twelfth “Ring the Bell for Gender Equality” ceremony at the Bulgarian Stock Exchange, held under a United Nations-supported campaign. Data from the exchange’s “Women on Boards” initiative showed a 10% increase in women CEOs in public companies over the past year, with speakers emphasizing balanced gender participation in decision-making and social entrepreneurship’s role in women’s financial independence and leadership.
OtherDiversity and inclusion
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2026-03-11•South Africa•South African Reserve Bank
The South African Reserve Bank's Deputy Governor Fundi Tshazibana stressed at the SARB–Network for Greening the Financial System Research Conference that climate and nature-related risks are impacting financial stability, requiring coordinated action. Tshazibana noted worsening physical risk indicators, economic losses from natural disasters, and challenges in greening financial markets. The NGFS Annual Plenary was highlighted as a platform for discussing scaling green markets and enhancing sustainable investment.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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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 has issued licence No. 3.1.5.5 to JSC ALMEX Holding Group for transfer agent activities in the securities market, as per Deputy Chair’s Order No. B-48.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-11•China•Central Bank of the Republic of China
The People's Bank of China outlined its 2026 technology priorities, emphasizing risk prevention, stronger supervision, and high-quality development. Key initiatives include advancing the "15th Five-Year" technology agenda, enhancing cyber and data security frameworks, and promoting AI applications in finance. The bank aims to integrate business and technology functions and reinforce domestic and international financial standards.
Institutional developmentTechnology & data transformationFintech and insurtechRegtech and suptech
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2026-03-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, phishing emails, and fake internet banking screens targeting customers of The Bank of East Asia, Limited and Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-03-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) sentenced Rajinder Gill to two and a half years in prison for unauthorized sale-and-rent-back schemes and illegal credit agreements. Gill, operating through Secure Property Consultants Ltd, targeted financially distressed homeowners, charging excessive fees and evicting some victims. The FCA has initiated confiscation proceedings to recover proceeds for victim compensation.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-11•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has restricted Sendsii Ltd from conducting any regulated activities, including money remittance, without prior written consent. This follows HM Revenue and Customs' suspension of Sendsii Ltd’s registration, rendering it non-compliant with the Payment Services Regulations 2017. Sendsii Ltd is required to return all customer funds as per legal and regulatory mandates.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-03-11•Europe•European Central Bank
The European Central Bank has released the Eurosystem’s roadmap for Appia, a strategic initiative to develop a European tokenised financial ecosystem anchored by central bank money. Appia will collaborate with public and private stakeholders to support integrated tokenised wholesale financial markets in Europe, assessing DLT network configurations and governance standards. The initiative is positioned alongside Pontes, the Eurosystem’s DLT solution, with a blueprint expected by 2028.
Policy & regulationImplementation, projects & pilotsTokenization
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2026-03-11•Europe•European Council
The European Council released a letter from Eurogroup President Kyriakos Pierrakakis to Euro Summit President António Costa, outlining the Eurogroup's recent work and future priorities. Key topics include addressing economic imbalances, enhancing the euro's international role, and advancing the savings and investments union. The letter also emphasizes preparing Europe's financial system for the digital age and maintaining fiscal sustainability amid global uncertainties.
Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
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2026-03-11•India•Securities & Exchange Board of India
SEBI has relaxed certification requirements for Persons Associated with Research Services (PARS) in sales and non-core services, allowing them to obtain a lighter NISM certification. These PARS must pass the "NISM Series-XXV-A" exam, while others continue with the "NISM Series-XV" exam. The circular is effective immediately, with the Research Analyst Administration and Supervisory Body updating regulations and informing stakeholders.
Policy & regulationRules & requirementsLicensing framework and process
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2026-03-11•United Arab Emirates•Ministry of Economy (UAE)
The UAE Ministry of Economy and Tourism, with the Ministry of Justice, hosted a forum to boost compliance of DNFBPs with AML/CFT requirements. The event, part of the national strategy, covered compliance challenges, supervisory coordination, and the UAE National Risk Assessment. Discussions included customer due diligence, suspicious activity reporting, and recommendations based on FATF and MENAFATF methodologies.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2026-03-11•Russia•Central Bank of Russia
The Central Bank of Russia's quarterly review forecasts moderate growth in corporate and mortgage lending in 2026, with a return to expansion in consumer credit and slower growth in client funds. Corporate lending grew 11.8% in 2025, with 2026 growth projected at 7–12% as interest rates ease. Banking-sector profitability is expected to remain stable, with 2026 profits projected at RUB 3.3–3.5 trillion.
ResearchLending
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2026-03-11•Russia•Central Bank of Russia
The Central Bank of Russia has revised stress testing scenarios for non-governmental pension funds (NPFs) to evaluate their resilience to economic challenges, effective 31 March 2026. The scenarios include assumptions on yuan-denominated bonds, bullion prices, and extended credit risk periods. This update follows consultations with the NPF self-regulatory organisation and aims to enhance risk assessment and predictability of supervisory actions.
SupervisionReviews, inspections & stress testsStress testing
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2026-03-11•Russia•Central Bank of Russia
The Central Bank of Russia reported that electronic compulsory motor third-party liability insurance (CMTPLI) certificates became dominant in 2025, with nearly 40 million issued. The average CMTPLI policy price declined due to competition, and total premiums decreased to approximately RUB 330 billion. Overall, insurance market premiums rose 6.9% to RUB 4 trillion, driven by life insurance, while payments increased 18.6% to RUB 2.5 trillion.
Data & statisticsOther
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2026-03-11•Canada•Canadian Bankers Association
The Canadian Bankers Association (CBA) published an analysis challenging the Competition Bureau's study on SME lending competition, citing data suggesting a competitive and evolving market. The CBA highlights high financing approval rates and significant unused credit, arguing that market concentration does not imply weak competition due to diverse financial institutions. The CBA advocates for regulatory modernization to enhance entry and scaling for smaller banks and credit unions, aligning capital rules with lending risk, and improving regulatory processes.
Policy & regulationReform agendas & prioritiesSME financing
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2026-03-11•Global•Bank for International Settlements
The Bank for International Settlements published a paper on inefficiencies in retail cross-border payments and remittances, citing limited interoperability as a key constraint. It calls for coordinated public sector action and outlines G20 efforts, including harmonising ISO 20022 data requirements and developing APIs. It also discusses potential enablers like distributed ledger technology, decentralized finance, and stablecoins, noting significant preconditions and risks.
Policy & regulationInternational standards & recommendationsCross-border payments
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2026-03-11•Russia•Central Bank of Russia
The Central Bank of Russia said the March issue of its Regional Economy report shows consumption growth slowed in January and February 2026, driven mainly by weaker demand for non-food goods. Business activity also decelerated overall, with regional divergence including stronger car production and construction in some areas but weaker port cargo traffic in the Far East.
Data & statisticsEconomic data and developments
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2026-03-11•United Arab Emirates•Central Bank of the UAE
The Central Bank of the United Arab Emirates (CBUAE) has been awarded "Risk Manager of the Year 2026" at the Central Banking Awards for its innovative risk management practices. The CBUAE's transition to an AI-enabled ecosystem, integrating AI with a Governance, Risk, and Compliance framework, has enhanced risk identification and detection. These advancements are part of the CBUAE's five-year strategy under the "Resilience by Design" principle.
OtherOperational risk and resilience
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2026-03-11•Austria•Austria Financial Market Authority
The Austria Financial Market Authority urges banks to expedite reducing non-performing loans (NPLs), emphasizing that high NPL ratios hinder capital and lending capabilities. The authority identifies commercial real estate finance as a significant concern, with an NPL ratio of 8.4% in Q3, amounting to EUR 8.6 billion. Banks are expected to set ambitious yet realistic reduction plans, including detailed targets, timelines, and transparent reporting.
SupervisionSupervision approach, priorities & toolkitAsset quality
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2026-03-11•Global•Financial Action Task Force
The Financial Action Task Force (FATF) released a report on offshore virtual asset service providers (oVASPs), highlighting exploitation of cross-border oversight gaps for fraud, money laundering, and terrorism financing. The report recommends identifying oVASPs, integrating them into AML/CFT/CPF supervision, and applying sanctions for non-compliance. It addresses regulatory arbitrage and supervisory challenges, urging stronger domestic coordination and private-sector vigilance against unlicensed oVASPs.
Policy & regulationInternational standards & recommendationsAML and CFT
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2026-03-11•Portugal•Bank of Portugal
The Bank of Portugal has issued a public warning that Mamadú Bussurio Jaló is not authorised to conduct any financial activities in Portugal, including payment services like money remittance. The notice emphasizes that only authorised entities may provide payment services under the Legal Framework for Payment Services and Electronic Money.
SupervisionAlertsLicence withdrawal
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2026-03-11•Puerto Rico•Office of the Commissioner of Financial Institutions of Puerto Rico
The United States Bankruptcy Court for the District of Puerto Rico granted motions by the Office of the Commissioner of Financial Institutions of Puerto Rico allowing its enforcement action against The Phoenix Fund LLC to proceed despite the fund’s Chapter 11 filing. The court held that the Bankruptcy Code’s police and regulatory power exception applied and recognised OCIF-appointed receiver Driven, P.S.C. as authorised to act for the fund as debtor-in-possession, with its pre-petition management authority carrying into the Chapter 11 case.
EnforcementInvestigations & enforcement actionsOther
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2026-03-11•San Marino•Central Bank of San Marino
The Central Bank of the Republic of San Marino (CBSM) participated in the Network for Greening the Financial System plenary, highlighting biodiversity loss in the Mediterranean Sea as a potential financial stability issue. CBSM proposed strengthening analysis, developing government dialogue for prevention policies, and exploring cooperation with regional bodies. The NGFS has 149 members, with CBSM joining in 2024.
Policy & regulationCooperationClimate risk and sustainable financeFinancial stability and systemic risk
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2026-03-11•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Issyk-Kul regional office conducted guest lectures at I. Biibosunov Karakol Pedagogical College. Topics included money mule activity, self-imposed loan bans, and QR code payments.
Financial literacy & educationFinancial literacy and education
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2026-03-11•San Marino•Central Bank of San Marino
The Central Bank of the Republic of San Marino signed a Memorandum of Understanding with Bulgaria’s Financial Supervision Commission to formalize cooperation and information exchange in capital markets, insurance, and pension insurance. This agreement, initiated in April 2025, marks CBSM's tenth memorandum and aligns with its strategy to expand cooperation with EU supervisory authorities.
SupervisionCooperationCross-border cooperation
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2026-03-11•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority revoked a state-authorised accountant's authorisation for extensive breaches, including deficient quality management and anti-money laundering non-compliance. The inspection revealed significant shortcomings in client engagements and services through an unregistered sole proprietorship. Effective 19 January 2026, the decision restricts the individual from using the accountant title or operating accounting services independently.
SupervisionAuthorisations & approvalsAuditing
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2026-03-11•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan approved a Bank Supervision Strategy for 2026–2027, focusing on risk-based supervision. Priorities include enhancing banks' resilience to macroeconomic threats, modernising risk management, and integrating climate and ESG risks. The strategy aims to align with Basel III by applying ICAAP and ILAAP requirements and incorporating corporate governance standards.
SupervisionSupervision approach, priorities & toolkitOther
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2026-03-11•Europe•European Central Bank
The European Central Bank has initiated a public consultation on the Appia project, inviting feedback on its roadmap and stakeholder interest in contributing to future work. The consultation is divided into two parts: Part 1 seeks comments on roadmap chapters, including principles for a tokenised financial ecosystem and central bank money settlement models, while Part 2 invites confidential proposals for active contribution. Responses will shape the Appia blueprint.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket infrastructure
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2026-03-11•Europe•European Central Bank
The European Central Bank has released a roadmap for Appia, a strategic initiative to develop a European tokenised financial ecosystem centered on central bank money. This initiative, alongside the Pontes DLT solution set for 2026, aims to support integrated tokenised wholesale financial markets in Europe. The roadmap will guide the creation of tokenised market infrastructures and services, with a blueprint expected in 2028.
Policy & regulationImplementation, projects & pilotsTokenization
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2026-03-11•Australia•Department of Treasury (Australia)
Australia's Treasury released Tranche 1 draft legislation and opened consultation on a new regulatory framework for payment service providers. The draft outlines definitions of regulated payment functions, licensing obligations, exemptions, and a new prudential framework. It includes provisions for a mandatory ePayments Code and transitional arrangements, reflecting feedback from the Tranche 1a consultation.
Policy & regulationRules & requirementsPayments and payment systems
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2026-03-11•Chile•Chile Financial Market Commission
Catherine Tornel León has been appointed Chairwoman of the Chile Financial Market Commission (CMF) Board. Her extensive experience includes roles at the Ministry of Finance, Central Bank of Chile, and various private-sector positions. Tornel aims to enhance the CMF's regulatory and supervisory processes.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-11•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority has approved Itissalat Al Maghrib's share buyback programme prospectus, allowing the company to hold up to 1,500,000 shares, or 0.17% of its capital. The buyback, with a price range of MAD 78 to MAD 170 per share, will run from 10 April 2026 to 09 October 2027, pending authorisation at the company's general meeting on 26 March 2026.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued guidance on the 2026 Annual Supervision Fees for Non-Stock Savings and Loans Associations and Trust Corporations under the New Central Bank Act. NSSLAs will pay 1/65 of 1% of the prior year’s Average Assessable Assets, capped between PHP 10,000 and PHP 500,000, while TCs will pay 0.01% of assets under management for the first three years and 0.02% thereafter. Billing notices will be issued in April 2026, with a 10-day window for submitting exceptions.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2026-03-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued guidelines for calculating and collecting 2026 Annual Supervision Fees from banks and non-bank financial institutions. Fees are based on the prior year’s Average Assessable Assets, with rates at 1/28 of 1% for most institutions and 1/40 of 1% for rural and cooperative banks. The framework includes provisions for mergers, institutional changes, and adjustments for over- or underpayments from the previous year.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-03-11•Canada•Department of Finance (Canada)
The Department of Finance Canada announced new rules capping non-sufficient funds (NSF) fees at CAD 10, effective March 12, 2026, expected to save Canadians over CAD 600 million annually. Consumers cannot be charged an NSF fee more than once within two business days for the same account, and no fee applies if the overdraft is less than CAD 10. The Financial Consumer Agency of Canada will oversee compliance as the government develops further consumer banking regulations.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-03-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market issued decisions on rulemaking, supervision, and market entry, including endorsing a draft order for sanctions under an EU regulation concerning Nicaragua. It approved Osnova-Cinni Papery LLC’s financial improvement plan, registered and cancelled various bond issuances, and approved share issuances and prospectuses for several corporate investment funds. Additionally, the Commission terminated Vininvestbud LLC’s licence, granted Concord Capital LLC a depositary licence, and confirmed compliance with Cabinet of Ministers Resolution No. 76 for multiple entities.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-11•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia and the Companies Commission of Malaysia signed a two-year memorandum to enhance data sharing, supporting capital market funding for micro, small, and medium enterprises and mid-tier companies. The collaboration aims to improve analytics, identify high-potential unlisted companies, and enhance supervisory and enforcement functions. It also includes joint efforts to prevent financial scams, monitor sustainability disclosures, and provide training in data analytics and strategic communication.
Policy & regulationCooperationMarket developmentFinancial inclusion
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2026-03-11•Colombia•Central Bank of Colombia
The Central Bank of Colombia reported on the Bre-B system's consolidation phase, highlighting a new feature for real-time reporting of failed instant transfers. Bre-B integrates five payment systems and over 218 financial entities, processing over 503 million transactions worth approximately COP 80 trillion in its first 150 days. The bank emphasized efforts to enhance user experience and implement fraud-prevention and education initiatives.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-11•Argentina•Central Bank of Argentina
The Central Bank of Argentina has introduced the Transparency Regime API to standardize access to legally required financial information. This API facilitates streamlined querying and updating of data on financial products and services, enhancing system integration and data currency. Version 1.0 covers savings accounts, product bundles, loans, and credit cards, providing details on fees, interest rates, and eligibility requirements.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2026-03-11•United States•Federal Reserve Board
The Federal Reserve Board has approved FirstSun Capital Bancorp's application to merge with First Foundation Inc, leading to the indirect acquisition of First Foundation Bank.
SupervisionAuthorisations & approvalsLicence approval
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2026-03-11•United States•Federal Reserve Board
The Federal Reserve Board has approved Associated Banc-Corp's acquisition of American National Corporation, including its subsidiary American National Bank, based in Omaha, Nebraska.
SupervisionAuthorisations & approvalsLicence approval
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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 highlighted Chairman Tim Scott’s interview on the bipartisan 21st Century ROAD to Housing Act, aiming to reduce housing costs by expanding supply and cutting red tape. The Senate invoked cloture with 89 votes, advancing the bill towards a final vote. The legislation incorporates 20 of 25 provisions from the House-passed bill, focusing on reducing regulatory barriers and incentivizing local housing production.
Policy & regulationRules & requirementsOther
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2026-03-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission released a paper by Dr. Rhys Bollen advocating for regulating digital assets based on economic substance. It argues that existing financial laws apply to crypto-assets and decentralised finance, addressing challenges like classification uncertainty and discussing the Corporations Amendment (Digital Assets Framework) Bill 2025.
Policy & regulationGuidance & interpretationFintech and insurtechBlockchain and distributed ledger technology
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2026-03-10•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported a total external debt of USD 16,245.1 million for Q4 2025, with 54.4% public sector and 45.6% private sector debt. The debt increased by USD 423.8 million (+2.7%) from end-2024, with disbursements primarily from private creditors and significant allocations to sectors like electricity, gas, and water. Debt service payments totaled USD 3,996.6 million, with financial conditions remaining similar to 2024.
Data & statisticsBalance of payments and other external statistics
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has amended its 2025 prudential norms on capital adequacy for non-banking financial companies, clarifying components of Owned Fund. The amendment permits inclusion of quarterly profits in free reserves, contingent on a limited review or audit and adjusted for average dividends and current year losses. This change replaces paragraph 9(iii) of the 2025 master direction and is effective immediately.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has amended its 2025 Non-Banking Financial Companies (NBFC) Concentration Risk Management Directions, aligning definitions of owned fund and Tier 1 capital with the 2025 NBFC Prudential Norms on Capital Adequacy. NBFCs must now use the latest financial statements to determine Tier 1 capital for compliance with concentration norms and obtain an external auditor's certificate post-capital augmentation. These changes are effective immediately.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has amended the definition of Owned Fund for Housing Finance Companies in the 2025 master directions, effective immediately. The revised definition includes paid-up equity capital, convertible preference shares, free reserves, and capital reserves, while excluding revaluation reserves and intangible assets. Quarterly profits can be included if audited, with deductions for average dividends and current year losses.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India revised its Core Investment Companies Directions, 2025, clarifying the computation of Owned Fund. The updated definition includes paid-up equity capital, compulsorily convertible preference shares, and free reserves, excluding revaluation reserves and deducting accumulated losses and intangible assets. Quarterly profits are included only if audited, with specific deductions for dividends and current year losses.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has amended directions for Mortgage Guarantee Companies, clarifying the computation of owned fund and specifying the Tier 1 capital measure for credit and investment concentration norms. Owned fund now includes paid-up equity capital, free reserves, and other specified components, with deductions for losses and certain assets. The amendments, effective immediately, update the 2025 master directions.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has revised its directions for standalone primary dealers, clarifying the inclusion of quarterly profits in Tier 1 capital, subject to audit or limited review. Compliance with exposure norms must now be assessed using the latest financial statements. The amendment, effective immediately, specifies deductions for current-year losses and investments in subsidiaries, among others.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has amended its 2025 framework for wholly owned subsidiaries of foreign banks, aligning their dividend declaration rules with those of domestic banks. The amendments, effective from the financial year 2026-27, are subject to the Reserve Bank of India Directions on prudential norms and the Foreign Exchange Management Act, 1999.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has replaced its 2025 prudential directions for commercial banks on dividend declarations and profit remittances with the 2026 directions, effective from the financial year 2026-27. Actions under the 2025 framework remain valid, with approvals transitioning to the 2026 framework. Existing rights and liabilities, including penalties and legal proceedings, are preserved.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has repealed its 2025 prudential directions on dividend declarations by small finance banks, replacing them with a 2026 set of directions effective from the financial year 2026-27. Actions under the 2025 framework remain governed by it, and existing approvals and obligations continue under the new directions.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has repealed its 2025 prudential norms on dividend declarations for payment banks, replacing them with 2026 directions effective from the financial year 2026-27. Actions under the 2025 norms remain governed by those provisions, with approvals and obligations continuing under the new regime. Existing rights, liabilities, and legal proceedings are preserved as if the earlier norms had not been repealed.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•India•Reserve Bank of India
The Reserve Bank of India has repealed its 2025 directions on prudential norms for Local Area Banks declaring dividends, replacing them with new 2026 directions effective from the financial year 2026-27. Actions under the repealed directions remain governed by those provisions, while approvals will be treated under the new framework. Existing rights, obligations, and legal proceedings remain unaffected by the repeal.
Policy & regulationRules & requirementsPrudential risks
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2026-03-10•Cape Verde•Bank of Cape Verde
Bank of Cape Verde Governor Óscar Santos oversaw the installation of an automated teller machine at the Achada Portinho Municipal Market to enhance local banking services and access to electronic payment instruments.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-03-10•Angola•National Bank of Angola
The National Bank of Angola, with the Capital Markets Commission and the Angolan Agency for Insurance Regulation and Supervision, announced the 14th Global Money Week from 16–20 March, focusing on "Smart Conversations about Money." Part of the central bank’s Financial Education and Financial Inclusion Programme, it will feature activities across regions to enhance youth financial literacy, involving national financial system supervisors, commercial banks, and other stakeholders.
Financial literacy & educationFinancial literacy and education
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2026-03-10•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) projects 7–9% growth in lending to micro, small, and medium enterprises (MSMEs) in 2026, supported by regulatory measures to enhance access to finance. As of January 2026, MSME credit outstanding was IDR 1,482.9 trillion, with growth moderated by economic dynamics and a slower post-pandemic recovery. OJK is coordinating with banks to integrate MSME regulations into business plans and support the government's 2026 Kredit Usaha Rakyat (KUR) target of IDR 308.41 trillion.
Policy & regulationImplementation, projects & pilotsSME financing
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2026-03-10•Türkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye has warned of fraudsters impersonating board executives to solicit money or donations. The public is advised to disregard such requests and victims are encouraged to file criminal complaints and seek compensation legally.
SupervisionAlertsFraud and scams
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2026-03-10•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has cancelled the registration of Select Asset Management Co., Ltd. under Article 52, paragraph 4 of the Financial Instruments and Exchange Act. This action was taken as the Director of the Kanto Finance Bureau could not verify the location of the firm's registered business office.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-03-10•Japan•Japan Financial Services Agency
Japan's Finance Minister Katayama emphasized user protection in response to inquiries about SANAE TOKEN, noting that authorities would investigate any issues appropriately. He did not confirm whether the Japan Financial Services Agency had initiated a formal investigation. Katayama also mentioned a post from NoBorder's official account indicating the project's cancellation.
Policy & regulationGuidance & interpretationUnlicensed or unauthorized activity
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2026-03-10•Japan•Japan Financial Services Agency
The Japan Financial Services Agency and the Bank of Japan will commend 10 individuals and three organizations as 2025 Financial Literacy Dissemination Meritorious Recipients. The awards acknowledge efforts in enhancing public financial knowledge and education. Recipients will receive certificates signed by the Minister in charge of financial services and the Governor of the Bank of Japan.
Financial literacy & educationOther
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2026-03-10•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance, through Minister Kyriakos Pierrakakis, urged accelerated progress on the Savings and Investments Union at the ECOFIN meeting, supporting market integration and supervision. Pierrakakis emphasized deeper capital market integration and a coherent supervisory framework to enhance efficiency and resilience in the European financial system. He advocated for stronger supervisory convergence, a clearer role for the European Securities and Markets Authority, and harmonized rules to reduce administrative burdens and support cross-border expansion.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2026-03-10•Ghana•Securities and Exchange Commission Ghana
The Securities and Exchange Commission Ghana has finalized its regulatory sandbox framework for Virtual Asset Service Providers under the Virtual Asset Service Providers Act, 2025, admitting 11 firms to a 12-month pilot. Participants can test products in a controlled environment while the regulator operationalizes the new virtual asset regime and validates draft guidelines for activity-based licensing. Data from the pilot will inform guidelines for licensing categories, focusing on investor protection, market integrity, and compliance with anti-money laundering and counter-terrorism financing standards.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2026-03-10•Europe•European Parliament
The European Parliament approved Boris Vujcic as Vice-President of the European Central Bank, succeeding Spain’s Luis De Guindos. The nomination received 460 votes in favor, 68 against, and 91 abstentions, following a favorable opinion from the Economic and Monetary Affairs Committee. The appointment involves the European Council acting by qualified majority after consulting the European Parliament and the ECB Governing Council.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-10•Europe•European Central Bank
The European Central Bank's Working Paper attributes the euro area's 2021–2023 inflation surge to supply and demand factors, with fiscal and monetary policies contributing but not being primary drivers. Energy-price dynamics were influenced by supply disturbances and demand pressures. A counterfactual scenario suggests earlier monetary tightening would have reduced peak inflation but at the cost of significant output losses.
Research
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2026-03-10•Pakistan•State Bank of Pakistan
The State Bank of Pakistan reported workers’ remittances of USD 3.3 billion in February 2026, a 5.2% increase year on year. Cumulative inflows for July to February FY26 reached USD 26.5 billion, up 10.5% from the previous year. February's main remittance sources were the UAE, Saudi Arabia, the UK, and the US.
Data & statisticsBalance of payments and other external statistics
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2026-03-10•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reached a settlement with Vanbreda Risk & Benefits, involving a EUR 75,000 payment and public disclosure of the firm's name on the authority's website.
EnforcementInvestigations & enforcement actionsOther
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2026-03-10•Italy•Bank of Italy
The Bank of Italy released the March 2026 issue of "The Italian Economy in Brief," detailing data on the Italian economic and financial systems. The report covers real economic activity, prices, foreign transactions, private sector financial conditions, banking sector developments, public finances, and inflation and growth forecasts.
Data & statisticsEconomic data and developments
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2026-03-10•Italy•Bank of Italy
The Bank of Italy released updated statistics for its Banks and money national data series, reflecting data as of January 2026.
Data & statisticsMonetary data
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2026-03-10•Australia•Australian Securities & Investments Commission
In a keynote address, ASIC Chair Joe Longo emphasized the high-risk nature of directorships and the need for directors to engage with risk and governance to prevent harm. He highlighted ASIC's efforts to simplify regulatory processes, improve digital interactions, and focus on AI governance. Longo also referenced Justice Michael Lee’s judgment in ASIC’s Star Entertainment proceedings as critical on directors' obligations.
Policy & regulationReform agendas & prioritiesCorporate governance
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2026-03-10•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has withdrawn two outdated regulatory guides and made minor updates to guides on licensee conduct obligations to simplify regulatory guidance. Withdrawn guides include those on document lodgment failures and transaction fee disclosure. Updated guides pertain to financial services and credit licensing, with amendments aimed at maintaining accuracy and clarity.
Policy & regulationGuidance & interpretationRegulatory burden
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2026-03-10•United States•U.S. Securities & Exchange Commission
SEC Commissioner Mark T. Uyeda discussed implementing mandatory central clearing for U.S. Treasury transactions and reassessing the regulatory framework for foreign private issuers at the Institute of International Bankers 2026 Annual Washington Conference. Uyeda highlighted extended compliance dates for Treasury clearing, potential legal and market risks, and recent clearing agency approvals. He also addressed foreign issuer reporting requirements and exemptions, urging market participants to engage with the SEC on remaining implementation issues.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2026-03-10•United States•National Credit Union Administration
The National Credit Union Administration has launched the seventh round of proposals under its Deregulation Project, seeking feedback on amendments to 12 CFR 749. The changes aim to clarify guidance and eliminate burdensome requirements in credit unions' records preservation programs, including redefining "vital member services" and "vital records," and allowing electronic maintenance of preservation logs. The proposal permits the destruction of older records unless legally required and emphasizes oversight when third-party providers manage vital records.
Policy & regulationRules & requirementsRegulatory burden
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2026-03-10•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority is conducting internal training for staff on implementing its Quality Management System to enhance service quality and align with ISO standards. The training, held at TIRA Insurance House, focuses on internal quality auditing and process improvement, coordinated by the Quality Control and Risk Management unit.
Institutional developmentCooperation & capacity buildingOther
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2026-03-10•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a minority press release urging swift House adoption of the 21st Century ROAD to Housing Act of 2026 following Senate passage. The bipartisan package, led by Chairman Tim Scott and Ranking Member Elizabeth Warren, aims to boost housing supply and lower costs through streamlined federal reviews, modernized housing tools, and expanded access to housing counseling. It includes updates to the HOME Investment Partnerships program and provisions to increase veterans' access to federal housing programs.
Policy & regulationReform agendas & prioritiesOther
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2026-03-10•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs endorsed the bipartisan 21st Century ROAD to Housing Act, introduced by Chairman Tim Scott and Ranking Member Elizabeth Warren. The act aims to expand housing supply, reduce regulatory barriers, and lower costs, with provisions to modernize federal housing programs and streamline regulatory pathways. Key elements include permanent authorization of the Community Development Block Grant-Disaster Recovery program, increased veterans' access to housing programs, and prohibiting the Federal Reserve from creating a central bank digital currency.
Policy & regulationReform agendas & priorities
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2026-03-10•United States•National Futures Association
The National Futures Association (NFA) has ordered Dorset Fund Management LLC and its principal, Michael Dubin, to withdraw from NFA membership and not reapply, following a settlement offer. The NFA Hearing Panel's decision was based on allegations of recordkeeping failures, incomplete account statements, untimely reports, and other compliance violations. Dorset and Dubin neither admitted nor denied the allegations.
EnforcementInvestigations & enforcement actionsCompliance