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2026-03-05•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador reported on Gustavo Camacho's speech at Congress+Inclusión 2026, emphasizing regulatory measures and education to bridge financial inclusion gaps. Key initiatives include a financial user protection standard, a common standard for financial education programmes, and the "Economía Tricolor" portal for accessible financial concepts. The event highlighted efforts to link regulation, data, and regional perspectives in monetary and financial education.
Policy & regulationImplementation, projects & pilotsFinancial inclusionFinancial literacy and education
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2026-03-05•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic's report, "Towards an inclusive and sustainable financial system 2025," highlights significant progress in women's financial inclusion, with women holding a majority in formal credit since November 2025. Despite this, the report identifies persistent gaps in average loan balances and savings, calling for systematic gender policies and tailored financial products to address these disparities.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2026-03-05•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved the prospectus for Republic Holding AD's IPO of up to 14,690,752 warrants, each with an issue value of EUR 0.10. The Commission also approved Todor Danailov as Executive Director of Barents Insurance EAD and notified several EU authorities of TRUST.BG EOOD’s intent to provide insurance services.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-03-05•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority released draft rules for public consultation on auditor selection and audit procedures for open investment funds with public offering and their management companies. The draft outlines conditions for auditor appointment, consent processes, and audit scope under the Law on Open Investment Funds with Public Offering.
Policy & regulationRules & requirementsAuditing
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2026-03-05•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission will host a public roundtable on 16 April 2026 to discuss listed options market structure, focusing on competition, customer experience, and market growth opportunities and challenges. The event will be held at the SEC headquarters and streamed live, with a recording available later. Public comments on the market structure are invited under File Number 4-887 and will be posted on the SEC's website.
Policy & regulationOtherMarket development
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2026-03-05•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Investor Advisory Committee will hold a public meeting on March 12 to discuss public company disclosure reform, fund proxy voting, and potential recommendations on equity tokenization. The meeting will feature panels on disclosure reform and fund proxy voting modernization.
Policy & regulationReform agendas & prioritiesDisclosuresTokenization
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2026-03-05•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic revoked the licences of Limited Liability Company Card Fly, effective February 27, 2026, due to violations of Kyrgyz Republic legislation. The revocation includes licences for processing and clearing financial information and executing third-party payments through electronic payment systems.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-03-05•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Board adopted a resolution on March 4, 2026, to regulate cash foreign currency transactions. This measure aims to enhance the safety and reliability of the Kyrgyz banking system and improve monitoring of such transactions.
Policy & regulationRules & requirementsCurrency and cash management
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2026-03-05•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia has revoked specified notarised powers of attorney, rendering related notarial representation documents legally ineffective. This action, based on Article 16(II) of the Regulation of Authorised Signatures and Article 76(II) of Supreme Decree No. 2189, affects Testimonios de Poder issued to Sergio Marcelo Cerezo Aguirre, Oswaldo Quelali Nina, and Marcos Nivers Llanos Catacora.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-05•Japan•Japan Financial Services Agency
The Japan Financial Services Agency (FSA) issued a consumer alert about investment solicitations on social networking services, highlighting fraud involving fake securities, celebrity endorsements, and unregistered brokers. The FSA set up an "Information Reception Desk" for reports on suspected fraud and advised verifying counterparties' registration status. Users are urged to avoid such schemes and report incidents to the FSA or police.
SupervisionAlertsFraud and scams
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2026-03-05•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board has fined KFIC Investment Company KD 10,000 for failing to update insider information as required under Item (2) of Article (3-5-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010. The violation pertained to disclosure and transparency requirements.
EnforcementSanctions & designationsDisclosures
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2026-03-05•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Deema Capital Investment Company KWD 10,000 for breaches related to client assets, business ethics, and collective investment regulations. Violations pertained to specific clauses in Modules Seven, Eight, and Thirteen of the Executive Bylaws of Law No. 7 of 2010. The CMA emphasized its commitment to enforcing compliance across securities activities.
EnforcementInvestigations & enforcement actionsClient asset custody and safekeeping
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2026-03-05•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance, through Deputy Minister Giorgos Kotsiras, stated that the government is monitoring the Middle East crisis and has intervention tools ready if necessary, while confirming that planned tax reforms will proceed. These reforms include increased net monthly earnings for employees and pensioners, tax relief measures, and incentives for property rentals. Kotsiras noted no current issues with goods sufficiency and ongoing controls to prevent speculation.
Policy & regulationReform agendas & prioritiesOther
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2026-03-05•Indonesia•OJK
Indonesia's Financial Services Authority addressed Fitch Ratings' affirmation of Indonesia’s BBB rating and outlook change from Stable to Negative, citing external and policy risks. The authority emphasized the financial system's resilience, supported by strong supervision and policy coordination, and highlighted robust financial indicators and ongoing Capital Market Roadmap reforms to enhance market governance and integrity through improved transparency, investor data classification, and law enforcement.
Policy & regulationGuidance & interpretationCredit ratings
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2026-03-05•Europe•European Central Bank
The European Central Bank released a Working Paper introducing "parametric tilting," a method for integrating external information into econometric model-based density forecasts. This approach offers more reliable and stable adjusted distributions compared to traditional entropic tilting, which can produce unrealistic outcomes. The paper outlines practical implementation steps and demonstrates the method using a COVID-19 GDP growth example.
Research
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2026-03-05•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has revoked M/s Riaz Exchange Company (Pvt.) Ltd's authorization to conduct foreign exchange business following the firm's request. The company is no longer permitted to engage in any foreign exchange activities.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-05•Australia•Australian Securities & Investments Commission
The Federal Court found The Star Entertainment Group Ltd’s former CEO Matthias Bekier and former Chief Legal & Risk Officer Paula Martin breached duties under the Corporations Act 2001 related to money laundering risks. ASIC seeks penalties and disqualification, following earlier penalties against former executives Gregory Hawkins and Harry Theodore.
EnforcementInvestigations & enforcement actionsCorporate governanceAML and CFT
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2026-03-05•Australia•Australian Securities & Investments Commission
ASIC Chair Joe Longo outlined ASIC's agenda to support financial innovation at the ASIFMA Annual Conference, emphasizing improvements to the Innovation Hub and the transition from regulatory sandbox testing to licensing. ASIC is involved in Project Acacia, has licensed FCX for trading tokenised assets, and is commissioning research on regulatory barriers to asset tokenisation. Additionally, ASIC is collaborating with Treasury on digital asset and payment services law reforms, with plans for industry consultation and a new advisory group.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory sandbox
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2026-03-05•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has filed additional criminal charges against Donald James Cuthbertson, a former financial services director, for alleged dishonest representations to investors and attempts to pervert justice. The charges, filed in the Local Court of New South Wales, now total 18, following the withdrawal of two existing charges. ASIC previously cancelled the financial services licence of Professional Wealth Management Services Pty Ltd and banned Cuthbertson from providing financial services.
EnforcementInvestigations & enforcement actions
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2026-03-05•Global•International Monetary Fund
The International Monetary Fund (IMF) reported significant progress in Zambia's macroeconomic stability but noted a weaker near-term growth outlook and rising fiscal pressures. Public external debt restructuring, strengthened reserves, and declining inflation were highlighted, with 2025 growth revised down to 4.5% due to weaker mining output and energy constraints. Fiscal risks include wage bill pressures and election-related spending, with a projected 2026 primary surplus reduction without corrective measures.
ResearchOther
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2026-03-05•Global•Financial Action Task Force
The Financial Action Task Force (FATF) released an updated table of mutual evaluation assessment ratings, summarizing country results for effectiveness and technical compliance with FATF Recommendations from 2014 to 2026. This table consolidates ratings from peer reviews by FATF and its nine regional bodies, covering 205 jurisdictions. The compilation is available in spreadsheet and PDF formats.
Data & statisticsAML and CFT
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2026-03-05•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
Trinidad and Tobago’s Ministry of Finance announced milestones from its partnership with CAF – Development Bank of Latin America and the Caribbean, including plans for a regional office in Port of Spain in 2027. The Ministry highlighted a CAF lending portfolio of approximately USD 1.8 billion since 2012, supporting infrastructure and health projects. The update also noted CAF-wide developments, such as expanded Caribbean membership and the re-election of Sergio Díaz-Granados as Executive President.
Policy & regulationImplementation, projects & pilotsOther
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2026-03-05•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank will host the 10th Annual Growth and Resilience Dialogue on 22–24 April 2026, with the OECS Commission, the World Bank, and The University of the West Indies. The event, themed “Big Push: Resilient Leadership in a Dynamic World,” aims to develop strategies for regional growth and competitiveness. It is part of Governor Antoine’s agenda to shape the growth agenda of the Eastern Caribbean Currency Union.
Policy & regulationReform agendas & prioritiesOther
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2026-03-05•Canada•British Columbia Securities Commission
The British Columbia Securities Commission panel found Green Hygienics Holdings Inc. and its former CEO, Ronald Wayne Loudoun, violated a cease trade order by distributing securities while the order was in effect. The company issued shares and promissory notes totaling CAD 8.5 million between 2019 and 2022, and Loudoun personally facilitated unauthorized share transfers. Allegations about an additional 500,000 shares were dismissed due to unclear ownership.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2026-03-05•Canada•Quebec Autorite des marches financiers
The Ontario Securities Commission, Quebec’s Autorité des marchés financiers, and the Canadian Investment Regulatory Organization have approved Project Samara, testing distributed ledger technology for bond issuance, trading, and settlement using digital Canadian dollars. Involving RBC Dominion Securities, TD Securities, the Bank of Canada, and Export Development Canada, RBC operates the platform. A research report will be published, while the Canadian Securities Administrators have launched a "Project Tokenization" theme in the CSA Collaboratory.
SupervisionInnovation & testingBlockchain and distributed ledger technology
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2026-03-05•United States•National Credit Union Administration
The National Credit Union Administration (NCUA) is reviewing its regulations under the Economic Growth and Regulatory Paperwork Reduction Act of 1996 as part of its Deregulation Project. This review covers applications, reporting, consumer protection, and anti-money laundering, aiming to tailor requirements to credit union size and risk while ensuring safety and soundness. A 90-day comment period has been set, after which the review will inform regulatory changes.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2026-03-05•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission updated criteria for identifying major shareholders in securities and digital asset businesses, now including ultimate controlling persons. Key changes involve a revised definition of major shareholders, a pro rata method for indirect shareholdings, and indicators of controlling power, such as influence via spouses and coordinated voting rights. The amended rules took effect on 4 March 2026, requiring affected operators to reassess shareholder status and seek approval for newly scoped individuals.
Policy & regulationRules & requirementsCorporate governance
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2026-03-05•North Macedonia•Ministry of Finance (North Macedonia)
North Macedonia's Finance Minister Gordana Dimitrieska-Kochoska and National Bank Governor Trajko Slaveski discussed fiscal and monetary policy implementation and financial system stability. They emphasized the legal framework's role and monetary authority measures, affirming domestic economic stability amid global developments. Institutions are monitoring external risks and their potential impact on macroeconomic indicators.
Policy & regulationCooperationDomestic cooperation
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2026-03-05•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank featured Sharmyn Powell, Director of the Payments Modernisation and Financial Inclusion Unit, highlighting her career and priorities for payments modernisation and financial inclusion in the Eastern Caribbean Currency Union. Powell's focus includes implementing a fast payment system, establishing cross-border payments in local currencies, and expanding financial literacy. Her two-year secondment to the Bank for International Settlements will inform her work at the ECCB.
Institutional developmentOtherLeadership change and appointments
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2026-03-05•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) released its list of state nonmember banks evaluated for Community Reinvestment Act (CRA) compliance, detailing ratings from December 2025. The CRA mandates that the FDIC assess banks' efforts to meet community credit needs, including those of low- and moderate-income areas, while maintaining safe operations. Public disclosure of CRA evaluations and ratings is required by the Financial Institutions Reform, Recovery, and Enforcement Act.
SupervisionReviews, inspections & stress testsOther
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2026-03-05•United States•Federal Reserve Board
The Federal Reserve Board has terminated its 2018 enforcement action against Wells Fargo, concluding the bank met all required conditions. The action involved governance and risk management improvements and two third-party reviews, with the asset cap lifted in 2025.
EnforcementInvestigations & enforcement actionsCorporate governanceRisk management
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2026-03-05•United States•Federal Reserve Board
The Federal Reserve Board has terminated its 2018 enforcement action against Wells Fargo, concluding the bank met all required conditions. The action required governance and risk management improvements and two third-party reviews, with an asset cap lifted in 2025.
EnforcementInvestigations & enforcement actionsCorporate governanceRisk management
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2026-03-05•Brazil•Central Bank of Brazil
The Central Bank of Brazil released its Quarterly Credit Conditions Survey, providing insights into the current credit environment.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-05•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has approved a draft law to attract a strategic foreign investor into Ukraine’s capital markets by creating a new holding company. This entity will consolidate key infrastructure elements, including a capital market operator and a central counterparty, with the state and international financial organisations as potential shareholders. The Commission's comments address the investor's requirements, selection process, and corporate structure of the holding company.
Policy & regulationRules & requirementsMarket development
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2026-03-05•Europe•European Central Bank
ECB President Christine Lagarde, in a Global Risk Lecture, highlighted a shift from predictable risks to "genuine uncertainty" due to rapid AI adoption and geopolitical fragmentation. She emphasized the need for "layered cooperation" to address these challenges, proposing reforms in multilateral institutions and cooperation on supply chains and AI governance. The ECB is enhancing its analytical toolkit with scenario analysis to better navigate these uncertainties.
Policy & regulationInternational standards & recommendations
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2026-03-05•Serbia•National Bank of Serbia
The National Bank of Serbia reported a significant rise in digital banking usage in 2025, with mobile banking payments surpassing electronic banking for the first time, supported by the Instant Payments System (IPS NBS). Mobile banking registrations increased by 11.3% to 5.1 million, while electronic banking users grew by 12.1% to 4.9 million. In 2025, 272.9 million digital payments were made, with mobile banking accounting for 137.5 million and electronic banking 135.4 million.
Data & statisticsPayments and payment systems
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2026-03-05•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission released findings from its thematic review on cybersecurity, data protection, and resilience in the Trust and Corporate Service Providers sector, establishing minimum standards. The review highlights areas for improvement in governance, risk management, and resilience planning to help firms align with international standards and maintain robust controls.
SupervisionReviews, inspections & stress testsCyber resilienceData protection
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2026-03-05•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua (BCN) held its Monetary Reference Rate at 5.75%, citing continued economic growth and expectations for low, stable inflation. The one-day monetary repo and deposit facility rates remain at 7.00% and 4.50%, respectively.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-03-05•Global•Bank for International Settlements
The Bank for International Settlements' paper, "Tokenomics and blockchain fragmentation," highlights that public permissionless blockchains cause congestion and competing chains, weakening network effects. Stablecoins inherit this fragmentation due to non-interoperable ledgers, impacting the future monetary system. It discusses validator coordination, fee spikes, and stablecoin distribution across chains, with Ethereum, Solana, and Tron generating significant fee revenue and hosting substantial stablecoin supplies.
ResearchBlockchain and distributed ledger technology
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2026-03-05•Georgia•National Bank of Georgia
The National Bank of Georgia congratulated Bank of Georgia for becoming the first Georgian company in the FTSE 100 Index, citing it as international recognition of the bank's quality and sustainability. Governor Natia Turnava attributed this milestone to the strength of Georgia's banking sector and its leadership in innovation, supported by positive assessments from rating agencies. The inclusion follows initiatives in technological and digital product development, a customer-centric model, and regional expansion.
OtherMarket development
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2026-03-05•Russia•Central Bank of Russia
The Central Bank of Russia's latest Monitoring of Sectoral Financial Flows review indicates a 4.5% decrease in incoming payments in February 2026 compared to the 2025 Q4 average, primarily due to export-oriented industries. Excluding mining, quarrying, petroleum products, and general government, incoming receipts rose by 0.4%, driven by investment demand sectors.
Data & statisticsBalance of payments and other external statistics
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2026-03-05•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) released a draft regulation to improve communication between fund administrators and relatives of deceased affiliates with unclaimed pension savings. The proposal mandates periodic identification of deceased affiliates and sets requirements for information campaigns, including direct communication and public listings. This initiative is linked to Law No. 32123, which stipulates that unclaimed balances for ten years will be transferred to the National Pension System.
Policy & regulationRules & requirementsOther
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2026-03-05•Sweden•Riksbank
Sweden's Riksbank announced legislative changes to the macroprudential policy framework, including amendments to the amortisation requirement and mortgage cap. The Riksbank will assume responsibility for setting the countercyclical capital buffer from Finansinspektionen starting 1 April 2026.
Policy & regulationRules & requirementsMacroprudential policy and tools
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2026-03-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission is consulting on amendments to Chapter 21-7 of the Updated Compilation of Banking Regulations to align market risk capital requirements with banks' risk profiles, potentially reducing Market Risk-Weighted Assets by 23%. Key changes include recalibrating the vertical adjustment parameter and updating interest rate risk estimation guidelines, aligning with Basel standards. This is part of CMF's Basel III implementation review and includes a report detailing the amendments and impact assessment.
Policy & regulationRules & requirementsCapital adequacy
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2026-03-05•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority has revoked the accreditation of Mr. George David Kohler, Securities Dealer Representative Licence SDR246, as the representative of ACG MARKETS LTD, effective 17 February 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-03-05•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles has released a consultation paper on proposed Regulatory Sandbox Regulations for testing financial products in a controlled environment. The sandbox focuses on digital payments and fintech innovations, assessing regulatory frameworks for new business models and risks. It includes eligibility criteria, time-bound testing, and safeguards for financial stability, consumer protection, and compliance with Anti-Money Laundering and Countering the Financing of Terrorism requirements.
Policy & regulationRules & requirementsFintech and insurtechRegulatory sandbox
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2026-03-05•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services advanced five bills to the House, focusing on national security, community bank formation, securities-law exemptions, secondary-market regulation, and U.S. roles in international finance. Key measures include the DPA Modernization Act of 2026, the Main Street Capital Access Act, and the SEED Act of 2025. The full House will now consider these bills.
Policy & regulationRules & requirementsOther
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2026-03-05•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee's Financial Institutions Subcommittee held a hearing on banks' and credit unions' roles in combating fraud, noting a 33% increase in U.S. cybercrime losses to USD 16.6 billion in 2024. Chairman Andy Barr emphasized sophisticated fraud techniques and financial institutions' critical roles, citing outdated information-sharing rules and regulatory challenges. Barr warned against proposals imposing liability on institutions for consumer-authorized scam payments and indicated the hearing would guide future anti-fraud measures.
Policy & regulationReform agendas & prioritiesFraud and scams
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2026-03-05•Global•World Federation of Exchanges
The World Federation of Exchanges launched its 12th annual Ring the Bell for Gender Equality campaign, involving over 110 exchanges and central counterparties globally to promote gender equality in financial markets. The initiative includes bell-ringing ceremonies and events, aligning with International Women’s Day themes and supported by partnerships with various UN entities. Additionally, the WFE released its 2026 Women Leaders List and a special Focus Magazine edition honoring this year's leaders.
OtherDiversity and inclusion
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2026-03-05•Global•International Monetary Fund
The International Monetary Fund (IMF) released an end-of-mission statement after a staff visit to Kenya, emphasizing fiscal discipline, credibility, and resilience to external shocks. Discussions with Kenyan authorities, including the Cabinet Secretary for the National Treasury and the Central Bank Governor, addressed risks like potential spillovers from the Middle East. The statement reflects staff views and will not lead to an Executive Board discussion, with further engagement planned during the IMF-World Bank Group Spring Meetings.
Policy & regulationReform agendas & priorities
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2026-03-05•Global•International Monetary Fund
The International Monetary Fund emphasizes the need for adequate foreign exchange reserves in emerging markets and developing economies to absorb shocks and limit currency volatility. It highlights the uneven global reserve distribution, with many low-income countries lacking sufficient buffers. The analysis suggests exploring global solutions to reduce reserve opportunity costs, such as expanding central bank investment options and using a common investment fund to enhance risk-adjusted returns.
Policy & regulationInternational standards & recommendationsForeign exchange policy and marketsFinancial stability and systemic risk
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2026-03-05•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario refused to renew Frank Attard's mortgage agent licence and imposed five administrative penalties totaling CAD 25,000. The decision was based on violations including providing false information and documents related to mortgages and misleading the FSRA. The orders were issued after Attard withdrew his Request for Hearing before the Financial Services Tribunal.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-03-05•Europe•European Fund and Asset Management Association
The European Fund and Asset Management Association (EFAMA) released its Q4 2025 European Quarterly Statistical Release, highlighting EUR 233 billion in net inflows for UCITS and AIFs. UCITS net assets grew by 9.7% to EUR 16.7 trillion, while AIF net assets increased by 4.1% to EUR 8.5 trillion. Sustainable fund flows diverged, with long-term SFDR Article 9 funds experiencing net outflows and Article 8 funds attracting significant inflows.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-03-05•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren criticized the SEC for dropping its case against crypto entrepreneur Justin Sun, suggesting preferential treatment for Trump associates. Warren referenced SEC Chair Atkins' denial of favoritism and alleged Sun's USD 90 million investment in Trump's crypto ventures. She emphasized the need for legislation to address the President's "crypto corruption."
Other
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2026-03-05•Global•SWIFT
Swift is rolling out a cross-border retail payments framework that provides certainty on cost, full-value delivery, end-to-end tracking and faster settlement. More than 25 banks will go live by the end of June across initial routes covering 11 countries, with further routes expected by the end of 2026.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systemsFinancial inclusion
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2026-03-05•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission is consulting on quarterly investment advice reporting for all authorized providers, extending coverage beyond investment firms. Reports would be due by the 10th business day after each quarter and cover service models, client categories, client and proposal numbers, and advised amounts.
Policy & regulationRules & requirementsRegulatory reporting
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2026-03-05•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has finalised rules on how PRA-regulated firms identify overseas “recognised exchanges” under the UK Capital Requirements Regulation and has moved the “main indices” list into the PRA Rulebook, revoking Supervisory Statement 20/13 and amending related credit risk provisions. The new Recognised Exchanges (CRR) Part sets firm-led assessment conditions for exchange and market structure and asset liquidity, clarifies that UK regulated markets are out of scope and that firms remain accountable for any industry-wide assessments, and updates the main indices list to reflect discontinued benchmarks.
Policy & regulationRules & requirementsOther
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2026-03-05•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has replaced the liquidator of Burgan Financial Fund, appointing Kamco Investment Company as the new liquidator. Decision No. 27 of 2026 removes Ali Abdulrahman Ibrahim Al-Hassawi of Roddle Middle East, following his request and a resolution by the fund’s unitholders. The change is effective upon publication in the Official Gazette.
SupervisionAuthorisations & approvalsOther
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2026-03-05•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine's National Commission on Securities and Stock Market discussed with Lviv City Council the potential issuance of municipal bonds to fund local development projects. Lviv is prepared to pilot this initiative, with initial funding needs estimated at several hundred million Ukrainian hryvnia, potentially reaching UAH 1 billion. The Lviv City Council will prepare detailed project proposals for potential financing through the bond issue.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-03-05•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has warned customers of HDH Investment Services Limited about potentially unsuitable financial advice leading to financial loss. HDH has ceased all regulated activities as of 20 January 2026 and will inform customers about the implications. The FCA advises affected customers to seek advice from other FCA-authorised advisers and remain vigilant against scams.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-03-05•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority announced the appointment of Chris Knight as director of insurance within its Supervision, Policy and Competition division, effective July 2026. David Lymburn has been confirmed as interim deputy managing director at the Payment Systems Regulator, having joined on 23 February 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-05•Europe•European Central Bank - Banking Supervision
The European Central Bank (ECB) is monitoring banks' exposures to the Israel-Iran conflict and plans a capital-driven geopolitical reverse stress test in 2026. Supervisory Board member Pedro Machado noted modest exposure levels to Israel and Iran, stressed the need for banks to incorporate geopolitical shocks into capital planning, and highlighted a rise in synthetic securitisations. Machado also mentioned the lack of a European deposit insurance scheme as a barrier to banking union and outlined potential legislative reforms for Additional Tier 1 instruments.
SupervisionReviews, inspections & stress testsCross-border cooperationFinancial stability and systemic risk
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2026-03-05•Estonia•Ministry of Finance (Estonia)
Estonia's Ministry of Finance has reappointed Matis Mäeker as head of the Financial Intelligence Unit for a new five-year term starting 14 June 2026. Mäeker, who has led the unit since 2021, was selected through an open competition and is recognized for his work in reorganizing the virtual currency market and contributing to a successful MONEYVAL assessment.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-03-05•Europe•European Banking Authority
The European Banking Authority released its final report on draft Implementing Technical Standards for supervisory reporting by third-country branches under the Capital Requirements Directive VI, establishing a harmonised EU framework. The framework includes a "core + supplement" structure for reporting, with adjustments based on consultation feedback, such as postponing the first reporting date to 31 March 2027. The EBA will develop the data point model, XBRL taxonomy, and validation rules, with the technical package expected in Q2 2026.
Policy & regulationRules & requirementsRegulatory reporting
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2026-03-05•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority (CMA) approved amendments to regulate robo-advisory services, allowing licensed Capital Market Institutions to offer these services after fintech pilot implementation. The framework mandates strategy governance, technology oversight, and comprehensive disclosure requirements, including performance track records and algorithmic risks. Fintech investment management activity has grown significantly, with assets under management rising 87% to SAR 6.41 billion by the end of Q4 2025.
Policy & regulationRules & requirementsFintech and insurtech
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2026-03-05•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu highlighted the impact of Moldova's integration into the Single Euro Payments Area, with euro payment fees reduced by 94% and transfer flows up by 30%. The MIA instant payments system supports various payment types with rapid execution and low fees. Additionally, Moldova's banking framework received positive preliminary results from a European Banking Authority assessment, and upcoming reforms will be included in an IMF programme to support the EUR 1.9bn EU growth plan.
Policy & regulationImplementation, projects & pilotsMonetary policy decisions and developments
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2026-03-05•Georgia•National Bank of Georgia
The National Bank of Georgia conducted a working visit to the Deutsche Bundesbank and the Oesterreichische Nationalbank to review cash management standards and exchange expertise on central bank cash operations. Led by Vice Governor Ekaterine Galdava, the delegation discussed banknote production, destruction, and cash processing. The visit aimed to share international best practices and enhance cooperation in cash management.
Institutional developmentCooperation & capacity buildingOther
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2026-03-05•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of North Macedonia hosted an educational visit for “Josif Yosifovsky” Secondary School students to introduce capital market fundamentals and the regulator's role. Chairman Bujaré Abazi emphasized transparency, trust, and investor protection. The program included discussions on securities, institutional operations, and career opportunities in economics and finance.
Financial literacy & educationFinancial literacy and education
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2026-03-05•Moldova•National Bank of Moldova
The National Bank of Moldova and the Association of Banks of Moldova have signed a cooperation protocol to enhance financial education, inclusion, and payment digitisation. The protocol includes joint initiatives for public and business training, educational material development, and consumer protection awareness. It also aims to prevent digital fraud through coordinated campaigns and workshops.
Financial literacy & educationFinancial literacy and education
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2026-03-05•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority updated its Guidance Notes and Information on the Insurance Regulations 2025 and the Corporate Governance Code of Practice for Insurers 2021, refining the class 12 (captive insurance) framework. Key changes include clarifying contractual provisions, addressing reinsurance, and introducing a new qualifying criterion for insuring shareholders of own group members. The former paragraph on the class 12 Summary ORSA has been renumbered.
Policy & regulationGuidance & interpretationAML and CFTPrudential risks
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2026-03-05•Moldova•National Bank of Moldova
The National Bank of Moldova announced its Global Money Week 2026 programme for 16–22 March, focusing on financial education for children and young people. Activities include workshops on central banking, monetary policy, and digital finance, with a public lesson by Governor Anca Dragu and a session on female leadership. The programme also features guided visits to the bank's exhibition hall, showcasing the history and security features of the Moldovan leu.
Financial literacy & educationFinancial literacy and education
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2026-03-05•United Kingdom•The Pensions Regulator
The Pensions Regulator (TPR) released an analysis of occupational defined contribution scheme returns, noting that 86% of large schemes offer retirement income options like drawdown, compared to only 46% of small schemes. TPR attributes the shift towards in-scheme drawdown to the growth of master trusts and urges trustees to enhance retirement offerings or consider consolidation. TPR is collaborating with the government and industry on the guided retirement duty, mandating default retirement solutions and better support for savers.
Policy & regulationGuidance & interpretation
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2026-03-05•Germany•German Bundesbank
The German Bundesbank reported a reduced annual loss of EUR 8.6 billion for 2025, with improved earnings despite an accumulated balance sheet loss of EUR 27.8 billion. Valuation reserves rose to EUR 388 billion, and net interest income improved but remained negative at minus EUR 4.2 billion. The Bundesbank plans to use future surpluses to reduce the balance sheet loss and rebuild risk provisions, while the European Central Bank aims to stabilize inflation at the 2% target amid ongoing uncertainties.
Data & statisticsAccounting and financial reporting
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2026-03-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 0.9% decrease in banking sector assets to KZT 70.1 trillion as of February 1, 2026, with resident deposits and loans to the economy also declining. Asset quality indicators remained moderate, with NPL90+ at 3.8% and capital adequacy ratios above statutory minima. The sector's liabilities fell 1.4% to KZT 59.3 trillion, while sector equity increased by 1.7% to KZT 10.8 trillion.
Data & statisticsAsset quality
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2026-03-05•Tajikistan•National Bank of the Republic of Tajikistan
Moody’s Ratings upgraded Tajikistan’s long-term sovereign credit rating to B2 from B3, with a stable outlook, marking the first B2 rating since 2014. The upgrade is attributed to sustained economic growth, improved fiscal and budget positions, and positive macroeconomic indicators. The stable outlook reflects expectations of continued prudent fiscal policy and macroeconomic stability.
OtherCredit ratings
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2026-03-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reported modest insurance sector growth in January 2026, with assets up 1.4% to KZT 4.0 trillion and liabilities up 1.6% to KZT 2.8 trillion. Premiums reached KZT 155.9 billion, with growth in compulsory and life insurance, despite a 33.1% drop in contracts. Claims payments rose 29.5% to KZT 42.0 billion, driven by pension annuity and life insurance payouts.
Data & statisticsOther
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2026-03-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 3.9% increase in complaints in January 2026, with a 35% decline in fraud-related appeals due to enhanced anti-fraud measures. Banks accounted for 61.4% of complaints, with debt arrears regulation being the most common issue. The Agency also detailed its mortgage refinancing programme, refinancing 33.2 thousand loans and converting 16.1 thousand foreign-currency mortgages, providing KZT 101.0 billion in additional support to borrowers.
Data & statisticsLending
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2026-03-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 12.6% rise in equity market capitalization to KZT 43.9 trillion as of 1 February 2026, with the KASE index up 9.5% to 7,702.60 points. Equity trading on KASE increased by 10.0% to KZT 24.2 billion, driven by gains in key index constituents. Corporate bond trading volumes fell sharply by 88.8% to KZT 114.7 billion, while government securities trading rose 19.2% to KZT 0.5 trillion.
Data & statisticsFinancial and market indicatorsSecurities offerings and listings
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2026-03-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 2.2% rise in microfinance assets to KZT 3.5tn in Q4 2025, driven by pawnshop consumer microcredits. The sector's loan portfolio grew 1.5% to KZT 3.1tn, with NPL90+ decreasing to 3.9%. Business microcredits fell 2.0% due to conversions to banks, while loans to individuals increased 6.4%, reflecting a 12.2% rise in pawnshop consumer microcredits.
Data & statisticsLendingAsset quality
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2026-03-05•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about scams involving fraudulent websites, fake internet banking login screens, and phishing communications linked to banks like The Bank of East Asia, OCBC Bank (Hong Kong), and Ant Bank (Hong Kong). HKMA emphasized 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's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2026-03-05•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC supported Durham Regional Police's Project Fletcher, leading to eight arrests in a CAD 3 million employee-led fraud case. The scheme involved wage diversion, fraudulent subcontractor invoices, and laundering through cheque-cashing businesses and financial institutions. Charges include fraud, theft, possession, and laundering of proceeds over CAD 5,000, though allegations remain unproven in court.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-03-05•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE confirmed that banks, financial institutions, and insurance companies are operating normally with efficient financial infrastructure amid regional developments. The bank reported a capital adequacy ratio of 17% and a Liquidity Coverage Ratio above 146.6%, with total sector assets exceeding AED 5.42 trillion. It emphasized ongoing supervisory monitoring, risk management, and coordination with authorities to ensure financial stability and service continuity.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsFinancial stability and systemic risk
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2026-03-05•Portugal•National Council of Financial Supervisors
The National Council of Financial Supervisors approved a new strategic plan for the National Plan for Financial Education (PNFF) for 2026–2030 and the publication of its 2025 activity report. The Council discussed financial-sector legislative initiatives, financial innovation, cyber resilience, and financial stability risks, including geopolitical tensions and natural catastrophes. It also reviewed the IMF's Financial Sector Assessment Program for Portugal and noted the Bank of Portugal's macroprudential policy decisions.
Policy & regulationReform agendas & prioritiesCyber resilienceOperational risk and resilience
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2026-03-05•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), represented by director Carlos Queiroz, participated in a seminar on the Insurance Legal Framework, discussing SUSEP's approach to secondary regulation under Law 15.040/2024 through its 2026 Regulation Plan. Queiroz emphasized executing priority topics and ruled out inconsistent actions with the statute. The seminar, organized by Migalhas, covered areas affected by the new law, including large-risk insurance and reinsurance.
Policy & regulationImplementation, projects & pilots
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2026-03-05•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has initiated a call for input on Open Insurance (OPIN) via the Brasil Participativo platform. This initiative, part of a working group established by SUSEP, seeks stakeholder contributions to assess and potentially refine OPIN's structural, operational, and regulatory framework. Key areas include governance, participation, journey certifications, interoperability, and system monitoring.
Policy & regulationRules & requirementsOpen banking and finance
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2026-03-05•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) released findings from a review of second charge mortgage intermediaries and lenders, highlighting issues in advice quality, affordability assessments, and fees. Shortcomings included inadequate evidence for debt consolidation suitability, unrealistic expenditure assumptions, and high intermediary fees. The FCA expects firms to address these issues and is considering rulebook changes to enhance outcomes, especially for vulnerable customers.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-03-05•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission published its February 2026 snapshot of foreign portfolio investment in Taiwan Stock Exchange and Taipei Exchange listed shares and related remittance flows. Foreign investors were net buyers of TWD 155.42 billion across both markets, while net inward remittances reached USD 11.513 billion in February and USD 341.067 billion cumulatively as of 28 February 2026.
Data & statisticsBalance of payments and other external statistics
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2026-03-05•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission has approved revisions to establish a framework for business development companies (BDCs) to channel capital into startups. BDCs must invest at least 60% of assets in primary targets like unlisted startups, with specific caps on lending and investment concentrations. Investor protection measures include a minimum maturity of five years, a KRW30 billion subscription minimum, and governance requirements, with BDC securities to be listed on KOSDAQ within 90 days of establishment.
Policy & regulationRules & requirementsOther
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2026-03-05•Asia•ASEAN
ASEAN announced the Philippines will host the ASEAN Senior-Level Committee on Financial Integration meetings in Boracay, Aklan, from 5 to 6 March 2026. The agenda includes discussions on sustainable finance, capacity-building programs, ASEAN Chair priorities, and economic developments. Outcomes will be presented at the ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in April 2026.
Policy & regulationCooperationCross-border cooperation
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2026-03-05•Brazil•Brazil Securities Commission (CVM)
The Corporate Relations Superintendence of the Brazil Securities Commission (CVM) identified 19 publicly held companies as delinquent for failing to file mandatory disclosures for at least three months. Missing filings include the Standardised Financial Statements Form, Quarterly Information Form, and Reference Form. Investors are advised to consider these delinquencies, and SEP highlights that CVM Resolution 80 mandates suspension of an issuer’s registration if obligations are unmet for over 12 months.
SupervisionRisk monitoring & watch pointsAccounting and financial reporting
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2026-03-05•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued guidance requiring reports of suspected rule breaches to be submitted via its New Digital Protocol system on the CVM website. This system enhances submission proof, document integration, communication routing, and operational efficiency. Specific routing instructions are provided for suspected violations involving intermediaries, investment advisers, and secondary-market trading.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2026-03-05•Canada•Bank of Canada
The Bank of Canada, Export Development Canada, RBC, and TD completed Project Samara, testing tokenization and distributed ledger technology (DLT) for bond issuance and settlement. It featured Canada's first tokenized bond, settled in wholesale central bank deposits on the Samara Platform, enhancing operational efficiency and data integrity. Despite benefits, challenges like increased system complexity and regulatory frictions were noted, with findings detailed in the Project Samara Research Paper.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listingsMarket infrastructureBlockchain and distributed ledger technology
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2026-03-05•United States•Federal Reserve Board
The Federal Reserve Board's FEDS Note analyzes 2025 tariff-related retail price changes, revealing gradual price pressure, particularly on Chinese imports, which saw an 8.5% year-on-year increase by December 2025. Using a quantity-weighted Fisher Price Index validated against Bureau of Economic Analysis data, it shows a consumer pass-through of at least 30% from April to December 2025. Disaggregated results indicate a delayed retail response to tariffs, with significant price increases evident later in the year.
ResearchMarket development
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2026-03-05•Global•SWIFT
Swift is rolling out a retail cross-border payments framework offering cost certainty, full-value delivery, end-to-end tracking and instant settlement where possible. More than 25 banks will go live across routes to 11 countries by the end of June, with additional routes expected by the end of 2026.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systemsBlockchain and distributed ledger technology
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2026-03-05•Russia•Central Bank of Russia
In a speech on the sector outlook, the Central Bank of Russia set out its 2026 banking agenda around stronger capital, tighter corporate credit-risk controls and lower concentration risk, while saying lending growth and profits should remain broadly stable. It signalled differentiated buffers for systemically important banks from around 2028, new 2026 to 2027 measures for leveraged corporate borrowers, and gradual increases in minimum capital for small banks. The central bank also pointed to March rules for the universal QR code, progress on independent non-bank payment providers and a digital ruble rollout that remains on schedule.
Policy & regulationReform agendas & prioritiesCapital adequacyCredit riskAsset quality
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2026-03-05•United Arab Emirates•Central Bank of the UAE
The Central Bank of the United Arab Emirates affirmed the resilience and stability of the UAE banking and financial sector, citing a capital adequacy ratio of 17% and a liquidity coverage ratio above 146.6%. Total sector assets exceed AED 5.42 trillion, with effective risk management and business continuity frameworks in place. The central bank will continue monitoring financial stability and liquidity indicators to ensure uninterrupted services.
Monetary policyMonetary policy assessments & outlooksFinancial and market indicatorsFinancial stability and systemic risk
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2026-03-05•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank released an analysis on the economic impacts of import tariffs, highlighting their potential to raise prices, disrupt trade, and hinder growth. The report advises central banks to respond cautiously to tariff-induced inflation shocks, as they are typically temporary, but suggests a stronger response if tariffs lead to sustained geopolitical tensions and persistent inflation.
Research
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2026-03-05•Austria•Austria Financial Market Authority
The Austria Financial Market Authority reported a 51% increase in Austrian insurers' result from ordinary business activities to EUR 2.46bn in 2025, driven by reduced severe weather losses. The median solvency ratio improved to 280%, with premium volume rising 4.8% to EUR 24.3bn, led by health and non-life insurance. The authority emphasized the ongoing integration of natural catastrophes into risk management as a supervisory focus.
Data & statisticsFinancial and market indicatorsSupervision process and methodologies
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2026-03-05•Estonia•Central Bank of Estonia
The Central Bank of Estonia hosted a seminar on preventing payment fraud, emphasizing stronger controls and cooperation among banks, telecom operators, and law enforcement. Deputy Governor Andrus Alber announced forthcoming legislation to facilitate information sharing and enhance banks' ability to halt suspicious payments. Discussions highlighted the challenges of caller-ID spoofing and the risks of rapid mobile number transfers.
Financial literacy & educationFraud and scams
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2026-03-05•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji announced the commencement of the Credit Union Act 2025, effective 1 March 2026, placing credit union oversight under its administration. The Act requires the central bank to register and license entities conducting credit union business. A 12-month transitional period is in place, during which credit unions and cooperatives will continue operations pending licensing and registration decisions by the Reserve Bank of Fiji.
Policy & regulationRules & requirementsLicensing framework and process