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  • 2026-03-04SerbiaNational Bank of Serbia

    National Bank of Serbia publishes February 2026 RTGS and clearing statistics showing 17.6 million payments and 100% availability

    The National Bank of Serbia reported 100% system availability for its RTGS and Clearing systems in February 2026, processing 17.6 million payments over 18 days. RTGS handled 92.8% of transactions, with a turnover of RSD 15,250.4 billion, while the Clearing system processed 7.2% of transactions, totaling RSD 25.8 billion. Additionally, the interbank and international foreign exchange clearing systems processed EUR 169.6 million with full availability.

    Data & statisticsPayments and payment systems
  • 2026-03-04BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance grants 88i Seguradora Digital definitive authorisation to operate nationwide as an S4 insurer

    The Brazilian Superintendence of Private Insurance (SUSEP) has granted 88i Seguradora Digital S.A. definitive authorization to operate property, casualty, and personal insurance nationwide in the S4 segment, lifting previous sandbox constraints. Issued via DIORE/SUSEP Ordinance No. 110, this supports expansion into new products beyond the innovation program. SUSEP's sandbox program has selected 20 insurers across three editions, with six receiving definitive authorization and seven undergoing conversion processes.

    SupervisionAuthorisations & approvalsLicence approvalRegulatory sandbox
  • 2026-03-04BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance opens consultation on draft rules for operating personal insurance risk coverages

    The Brazilian Superintendence of Private Insurance (SUSEP) has initiated Public Consultation Notice No. 01/2026 to gather feedback on a draft resolution by the National Council of Private Insurance, outlining general characteristics for risk coverages in personal insurance. This proposal, part of SUSEP's 2026 regulatory plan, aims to update the framework following Law No. 15.040/2024, focusing on improved definitions to enhance contract interpretation and predictability. SUSEP intends to revise SUSEP Circular No. 667/2022 to establish complementary operational rules.

    Policy & regulationRules & requirementsOther
  • 2026-03-04BotswanaBank of Botswana

    Bank of Botswana opens regulatory sandbox applications focused on digital banks, inclusive payments and interoperability solutions

    The Bank of Botswana invites applications for its Regulatory Sandbox, focusing on digital banks, inclusive payments, and interoperability solutions to foster an inclusive digital economy. The sandbox offers a controlled environment for testing innovative financial products under regulatory supervision, with participants expected to comply with guidelines and engage with the regulator. Applications must be submitted online via the Bank's Fintech Portal by 31 March 2026.

    SupervisionInnovation & testingFintech and insurtech
  • 2026-03-04Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about bank-related phishing and fraudulent websites

    The Hong Kong Monetary Authority issued a public alert regarding bank-related scams involving fraudulent websites and phishing schemes targeting The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and Bank Julius Baer. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS.

    SupervisionAlertsFraud and scams
  • 2026-03-04EuropeEuropean Council

    European Council outlines Savings and Investment Union priorities and digital euro roadmap with 2026 legislation target 2027 pilot and potential issuance around 2029

    The European Council shared remarks by the Eurogroup President at the European Investment Bank Forum, emphasizing a competitiveness-focused agenda via the Savings and Investment Union and digital finance modernization. The speech highlighted Europe's EUR 1.4 trillion savings, low R&D intensity, and venture capital investment compared to the U.S., advocating for distributed ledger technology and tokenisation to enhance financial market infrastructure. The digital euro's progress was noted, with a pilot planned for 2027, contingent on legislative and system readiness by 2029.

    Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
  • 2026-03-04ThailandBank of Thailand

    Bank of Thailand reaffirms Bangkok readiness for the 2026 IMF and World Bank Group Annual Meetings and highlights an SIDF digital finance blueprint

    The Bank of Thailand, Thailand’s Ministry of Finance, and the International Monetary Fund reported progress on preparations for the 2026 Annual Meetings of the IMF and World Bank Group in Bangkok. The theme, “Thailand’s New Horizons: Empowering People, Building Resilience,” aligns with the Bank of Thailand's agenda on "Safe and Inclusive Digital Finance for Financial Wellbeing."

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-04South KoreaSouth Korea Financial Services Commission

    South Korea Financial Services Commission launches private-public consultative body to shape security token rules and infrastructure ahead of February 2027 law

    The South Korea Financial Services Commission has launched a consultative body to develop rules and market infrastructure for the amended security token framework effective February 2027. The initiative aims to create a scalable digital finance ecosystem, reassess investor protection under the Financial Investment Services and Capital Markets Act, and prepare for future payment and settlement arrangements. The body will operate through four subdivisions with private-sector support, engaging in intensive discussions throughout 2026.

    Policy & regulationImplementation, projects & pilotsTokenization
  • 2026-03-04South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports 2025 IPO proceeds rose to KRW4.5 trillion as pricing stayed within bands but overheating risks emerged

    South Korea's Financial Supervisory Service reported a rise in 2025 IPO proceeds to KRW4.5 trillion, with 76 companies going public. Improvements in bookbuilding and underwriter accountability led to disciplined pricing, though signs of overheating emerged as most deals priced at the top of their bands. Institutional lock-up commitments and retail demand surged, with subscription competition rates peaking at 1,379:1 in late 2025.

    SupervisionRisk monitoring & watch pointsSecurities offerings and listings
  • 2026-03-04United KingdomFinancial Conduct Authority

    Financial Conduct Authority fines John Wood Group PLC GBP 13.0m for misleading financial results disclosures

    The Financial Conduct Authority (FCA) fined John Wood Group PLC GBP 12,993,700 for publishing inaccurate financial results and failing to maintain adequate systems to prevent misleading disclosures. The misconduct, which affected results from 2022 to 2024, led to a 78% share price drop and suspension in 2025. Wood Group accepted the findings, receiving a 30% penalty reduction.

    EnforcementInvestigations & enforcement actionsAccounting and financial reporting
  • 2026-03-04SwitzerlandSwiss National Bank

    Swiss National Bank selects Emphase Ltd to develop the next banknote series design

    The Swiss National Bank has selected Emphase Ltd as the winner of its design competition for a new banknote series, commissioning the firm for graphic development. Emphase's Concept J was praised for effectively conveying the theme "Switzerland and its altitudes." The final banknote design, subject to the Bank Council's decision, may differ from the competition concept, with issuance expected in the early 2030s.

    Policy & regulationImplementation, projects & pilotsCurrency and cash management
  • 2026-03-04NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets launches stakeholder survey on how firms experience its supervision

    The Dutch Authority for the Financial Markets has initiated a stakeholder survey to evaluate market participants' experiences with its supervision, aiming to enhance oversight. Conducted by Centerdata, responses are processed anonymously, ensuring no personal data is shared with the AFM.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2026-03-04FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes an administrative settlement with Société Edmond de Rothschild Private Equity

    France's Autorité des marchés financiers released an approved administrative settlement agreement with Société Edmond de Rothschild Private Equity regarding professional obligations. The agreement, tagged as relevant to CIF, CIP, or other service providers, was concluded on 20 November 2025.

    EnforcementInvestigations & enforcement actionsSanctions list update
  • 2026-03-04DenmarkNational Bank of Denmark

    National Bank of Denmark working paper finds industry-level misallocation measures can overstate misallocation by up to 36 percentage points

    The National Bank of Denmark released Working Paper No. 219, examining productivity dispersion and its implications for misallocation of production inputs. The study finds that industry-level metrics may overstate misallocation by 27 to 36 percentage points when firms operate in different markets. The paper reflects ongoing research and the authors' views, not the bank's official stance.

    ResearchOther
  • 2026-03-04ZambiaBank of Zambia

    Bank of Zambia confirms Deposit Insurance Scheme membership at 24 institutions

    The Bank of Zambia announced the Deposit Insurance Scheme membership under the Banking and Financial Services (Deposit Insurance) Directives, 2025, comprising 15 commercial banks and nine deposit-taking non-bank financial institutions. All licensed banks and deposit-taking non-bank financial institutions automatically became members upon the Directives' commencement. Future membership changes will be communicated via the Government Gazette, daily newspapers, or electronic media.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-04LatviaCentral Bank of Latvia

    Central Bank of Latvia grants electronic money institution licence to MONELIQ EUROPE SIA

    The Central Bank of Latvia has granted an electronic money institution licence to MONELIQ EUROPE SIA, enabling it to issue electronic money and provide payment services. Latvia now hosts ten licensed and one registered electronic money institutions, along with four licensed payment institutions. The central bank advises applicants to consult its licensing guides and engage in pre-licensing consultations for compliance guidance.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-03-04LatviaCentral Bank of Latvia

    Central Bank of Latvia authorises FUNDAUS SIA to provide crowdfunding services

    The Central Bank of Latvia has authorised FUNDAUS SIA to provide crowdfunding services, listing it in the Register of Crowdfunding Service Providers. FUNDAUS SIA can facilitate loans and offer services like credit scoring and pricing suggestions. Authorisation is mandated under Regulation (EU) 2020/1503, with the central bank maintaining a national register and the European Securities and Markets Authority overseeing an EU-wide register.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-03-04VietnamVietnam State Securities Commission

    Vietnam State Securities Commission instructs nine individuals to pay VND 1 million securities practising certificate fee

    The Vietnam State Securities Commission has issued a notice requiring nine individuals to pay a VND 1,000,000 fee for securities practising certificates, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer to designated accounts or directly at the Commission. Failure to collect the certificate within one year will result in cancellation.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2026-03-04VietnamState Bank of Vietnam

    State Bank of Vietnam tasked to publish 2026 credit growth limits and study doubling consumer loan tenors

    The State Bank of Vietnam (SBV) must disclose the 2026 credit growth limit and align monetary policy with the Ministry of Finance's fiscal stance. SBV is tasked with managing interest rates, exchange rates, and credit smoothly, avoiding policy shifts that compromise inflation control or growth. Additionally, SBV will enhance supervision of credit towards priority sectors and study extending consumer loan tenors.

    Policy & regulationRules & requirementsOther
  • 2026-03-04PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines supports Trust Consciousness Week and urges trust institutions to promote fiduciary services awareness

    The Central Bank of the Philippines issued a circular letter endorsing Trust Consciousness Week from 23 to 27 March 2026, themed “Beyond Today: A Modern Strategy for Retirement Planning.” It encourages banks and non-bank financial institutions with trust functions to engage in public awareness efforts on trust, investment management, and fiduciary services.

    Financial literacy & educationOther
  • 2026-03-04BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission orders immediate suspension of unlicensed securities intermediation offers by Visfh, Axiun Broker, Clarus Option, Delta Broker and OB Trader

    The Brazil Securities Commission (CVM) has issued a market alert and ordered the immediate suspension of securities intermediation services by Visfh Corp LLC, Axiun Broker Corp LLC, Clarus Option Corp LLC, Delta Broker LLC, and OB Trader Corp LLC. These platforms, operating through various websites, were found to be soliciting Brazilian clients without authorization. The action was formalized through CVM Declaratory Act 24,856.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-03-04BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission orders immediate suspension of Mirlux Options’ securities intermediation offers and warns it is unauthorised

    The Brazil Securities Commission (CVM) has issued an alert and ordered the immediate suspension of Mirlux Options' public offering of securities intermediation services. The firm, operating as a "digital broker" via its websites, was found to be unauthorized to intermediate securities or raise investor funds in Brazil. This action was formalized through CVM Declaratory Act 24,873.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-03-04BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission orders immediate suspension of ATFX-branded securities intermediation offers targeting Brazilian residents

    The Brazil Securities Commission (CVM) has ordered the immediate suspension of public offers of securities intermediation services by AT Global Markets International Limited, AT Global Markets (Brazil) Ltda, and AT Capital Group Limited. These firms, operating under the ATFX and ATFX Brasil brands, were targeting Brazilian clients without authorization. The CVM emphasized that these entities are not authorized to intermediate securities or raise investor funds, per CVM Resolution 178.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-03-04ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay expands HRA registration tool to include book entry share registrations and public offer filings

    The Central Bank of Paraguay's Securities Superintendency expanded the HRA platform to cover registration of issued and paid-in book-entry shares and registration of book-entry shares for public offering. The change took effect on March 4, 2026, with existing documentary requirements unchanged and technical validation and certification continuing through the platform.

    Policy & regulationImplementation, projects & pilotsMarket infrastructure
  • 2026-03-04CubaCentral Bank of Cuba

    Central Bank of Cuba reviews Banco Metropolitano annual audit priorities, highlighting internal controls and automation

    The Central Bank of Cuba said Banco Metropolitano has started its 2025 annual audit review, aimed at assessing performance and reinforcing internal controls. Key themes included staff training to detect vulnerabilities, wider automation, less reliance on fully in-person work and updated routines aligned with current conditions.

    SupervisionReviews, inspections & stress testsAuditing
  • 2026-03-04EuropeEuropean Council

    European Council speech urges Savings and Investment Union and outlines digital euro pilot in 2027 with potential issuance around 2029

    Eurogroup President Kyriakos Pierrakakis stressed at the European Investment Bank Forum the need for Europe to mobilize savings via the Savings and Investment Union and modernize capital market infrastructure with digital finance. He highlighted the digital euro's strategic importance for resilient payment systems and noted the European Investment Bank Group's role in de-risking and attracting private capital. The digital euro project is advancing beyond preparation, with a pilot possible in 2027 and potential issuance by 2029, contingent on legislative progress.

    Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
  • 2026-03-04RussiaCentral Bank of Russia

    Central Bank of Russia reports February declines in monitored maximum ruble deposit rates at top 10 banks

    The Central Bank of Russia reported a decline in average maximum interest rates on Russian-ruble household deposits from 14.49% to 14.06% throughout February 2026. The rates reflect the arithmetic mean of each bank’s maximum rate on unrestricted deposit products, excluding special client categories and conditional deposits. Average maximum rates by maturity were 13.46% for up to 90 days, 13.76% for 91–180 days, 13.44% for 181 days to one year, and 11.78% for over a year.

    Data & statisticsFinancial and market indicators
  • 2026-03-04EuropeEuropean Fund and Asset Management Association

    European Fund and Asset Management Association urges EU co-legislators to align SFDR 2.0 exclusions and allow realistic implementation timelines

    EFAMA supports the European Commission's proposed SFDR 2.0 amendments but warns that implementation choices could undermine objectives. It advocates for clear product categories, simplified disclosures, and alignment with MiFID and the Insurance Distribution Directive, while expressing concerns over exclusion criteria affecting the energy sector. EFAMA calls for ending entity-level adverse impact reporting and stresses an 18-month implementation timeline.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2026-03-04Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority and Hong Kong Association of Banks extend repayment grace period to end-November 2026 for Tai Po fire affected residents

    The Hong Kong Monetary Authority and the Hong Kong Association of Banks announced measures to support residents affected by the Tai Po fire, including a six-month extension on repayment relief for mortgages, personal loans, and credit card loans. Mortgagee banks will facilitate property substitution under the "Flat-for-Flat" option and adopt a flexible approach for new mortgages under the "Cash Acquisition" option. A communication platform will address residents' needs, with a warning against fraud attempts related to the incident.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-04United KingdomHM Treasury

    HM Treasury publishes remit, membership and meeting notes for the Financial Inclusion Committee

    HM Treasury released the Financial Inclusion Committee’s terms of reference, member list, and meeting summaries, outlining its role in the Financial Inclusion Strategy. Chaired by Economic Secretary Lucy Rigby KC MP, the committee includes third sector, industry, and government stakeholders, focusing on digital inclusion, banking access, savings, insurance, credit, debt, and financial education. Key initiatives include sub-committees on digital inclusion, banking access, and insurance, with plans for a credit union transformation fund and a small-sum lending pilot.

    Policy & regulationImplementation, projects & pilotsFinancial inclusion
  • 2026-03-04United KingdomFinancial Conduct Authority

    Financial Conduct Authority plans three-month implementation period and streamlined process for proposed motor finance compensation scheme

    The Financial Conduct Authority (FCA) plans changes to its proposed compensation scheme for motor finance customers, including a three-month implementation period and a simplified redress process. Customers who complained before the scheme starts will be informed of compensation eligibility within three months post-implementation. The FCA advises against using claims management companies, noting potential compensation reductions, and has removed over 800 misleading adverts since January.

    Policy & regulationImplementation, projects & pilotsClaims management
  • 2026-03-04EstoniaMinistry of Finance (Estonia)

    Estonia's Ministry of Finance proposes more flexible collateral valuation rules for mortgage refinancing

    Estonia's Ministry of Finance proposes allowing banks to use automated valuation models for mortgage refinancing in areas with adequate data, replacing on-site inspections and full reports. Banks must establish internal rules for valuation quality. Simplified reports are permitted if a comprehensive valuation was recently conducted.

    Policy & regulationRules & requirementsLending
  • 2026-03-04PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission launches 2026 capacity-building series for ISSB-aligned sustainability reporting

    The Philippine Securities and Exchange Commission has launched a 2026 capacity-building series to help entities implement its ISSB-aligned sustainability reporting framework. The program will address the governance, systems, controls and documentation needed to meet the new requirements.

    Policy & regulationImplementation, projects & pilotsDisclosuresESGAccounting and financial reporting
  • 2026-03-04NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority revokes DM Regnskap Oslo AS authorisation as an accounting firm effective 10 April 2026

    The Norwegian Financial Supervisory Authority revoked DM Regnskap Oslo AS’s approval due to serious breaches in accounting services, bookkeeping, and anti-money laundering requirements. The report highlighted deficiencies across 11 client engagements, including inadequate documentation, reconciliation, project accounting, and quality assurance. Anti-money laundering violations included failure to investigate unusual transactions and undocumented overseas transfers.

    SupervisionAuthorisations & approvalsAccounting and financial reporting
  • 2026-03-04ChileCentral Bank of Chile

    Central Bank of Chile publishes EDEP survey showing firms’ inflation expectations at 3.5% over 12 months and 3% over 24 months

    The Central Bank of Chile's Price Determinants and Expectations Survey shows stable selling prices and a median inflation expectation of 3.5% over 12 months, declining to 3% over 24 months. Sales levels increased slightly, with profit margins improving, while the exchange rate influence and sales pressure on prices returned to neutral. Input costs remained a price driver, though less intensely, and fewer firms expect to raise selling prices next year.

    Data & statisticsEconomic data and developments
  • 2026-03-04PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission consults on 10-year term limit for exchange broker directors

    The Philippine Securities and Exchange Commission is consulting on a 10-year cumulative service limit for broker directors of an exchange, generally including a two-year cooling-off period after five years. Exchanges breaching the cap could face a PHP 1 million annual penalty per director and PHP 30,000 for each additional month. Comments are due by March 19, 2026.

    Policy & regulationRules & requirementsCorporate governanceFitness and proprietyCompliance
  • 2026-03-04ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission expands Thai ESG and Thai ESGX eligible assets to include SET JUMP+ companies with CGR scores of 90 or higher

    Thailand's Securities and Exchange Commission revised rules for ESG Funds, allowing investments in companies with a Corporate Governance Report score of 90+ in the Stock Exchange of Thailand's JUMP+ Program. Effective 1 March 2026, the framework includes sustainability-related securities, bonds, tokens, and funds with strong ESG ratings. As of 27 February 2026, 77 Thai ESG funds managed by 19 companies had a net asset value of THB 104,107 million, a 252% growth since 2024.

    Policy & regulationRules & requirementsESG
  • 2026-03-04ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission expands institutional investor definition and investment capital criteria to cover digital asset operators and token investments

    The Thailand Securities and Exchange Commission (SEC) has revised the definition of institutional investors and investment capital to better reflect financial standing and include more products and participants. The updated definition now includes digital asset business operators, investment planners, and consultants. Investment capital covers direct or indirect investments in securities, derivatives, investment tokens, and government tokens, aligning service provision across various business operators.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2026-03-04ChileChile Financial Market Commission

    Chile Financial Market Commission meets 2025 Capital Joven winners and signals capital market modernization policy paper due in H1 2026

    Board commissioners of the Chile Financial Market Commission (CMF) met with winners of the 2025 Capital Joven Contest to discuss student projects aimed at enhancing Chile’s capital market. The CMF highlighted ongoing work on a Policy Document on Capital Market Modernization, expected in early 2026. Winning proposals included digital incentives for pension savings, tokenized invoice markets, and addressing systemic risk in savings and credit cooperatives.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2026-03-04ChileChile Financial Market Commission

    Chile Financial Market Commission publishes 2026–2027 regulatory plan spanning banking, insurance, securities and fintech reforms

    The Chile Financial Market Commission's 2026–2027 Regulatory Plan focuses on prudential regulation and market conduct. Key initiatives include updates to banking governance, credit risk models, and ICT frameworks, alongside reforms in insurance, securities, and fintech. The plan emphasizes cross-sector conduct rules, cybersecurity coordination, and international regulatory alignment.

    Policy & regulationImplementation, projects & pilotsPrudential risksMarket development
  • 2026-03-04KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes 2026 securities market supervision priorities and plans new Securities Market Law

    The Agency for Regulation and Development of the Financial Market of Kazakhstan has outlined its 2026 priorities for securities market supervision, focusing on enhancing effectiveness and transparency. In collaboration with the National Bank, it plans a stock market programme through 2030, aiming for comprehensive reforms, including digital financial assets regulation and Islamic finance instruments. The proposed securities law reform seeks to liberalize market entry rules, improve corporate governance, and facilitate capital market access for private sectors.

    SupervisionSupervision approach, priorities & toolkitAccounting and financial reporting
  • 2026-03-04ThailandMinistry of Finance (Thailand)

    Thailand's Ministry of Finance confirms preparations are on track for hosting the IMF–World Bank Group Annual Meetings 2026 in Bangkok

    Thailand's Ministry of Finance is preparing to host the IMF–World Bank Group Annual Meetings in October 2026 at the Queen Sirikit National Convention Center in Bangkok. This marks Thailand's second time hosting since 1991. Themes include "Thailand’s New Horizons: Empowering People, Building Resilience" and "Safe and Inclusive Digital Finance (SIDF) for Financial Wellbeing."

    Other
  • 2026-03-04ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission revises naming and numbering rules for financial trusts under global programmes

    The Argentina Securities Commission (CNV) amended regulations to standardize naming and numbering of financial trusts under global programmes, enhancing issuance traceability and series identification. The amendment allows continuity in denomination and numbering if the trust's programme, trustee, settlor, and asset composition remain consistent, with added flexibility for programme changes. It applies to financial trusts authorized for public offering under CNV regimes.

    Policy & regulationRules & requirementsSecuritization
  • 2026-03-04PolandCentral Bank of Poland

    Poland’s MPC cuts NBP reference rate by 25 bp to 3.75 %

    Poland’s Monetary Policy Council cut the Narodowy Bank Polski reference rate by 25 bp to 3.75 % at its 3–4 March meeting—bringing cumulative easing to 200 bp since May 2025—citing January CPI of 2.2 % and forecasts keeping inflation within the 1.5–3.5 % target band through 2026. The lombard and deposit rates fell to 4.25 % and 3.25 %, respectively, and future policy will hinge on incoming data, with readiness to intervene in FX markets to preserve stability.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2026-03-04New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority secures conviction, NZD 15,000 fine and 7-year prohibition for former adviser David McEwen for breaching stop order

    The New Zealand Financial Markets Authority convicted former financial adviser David McEwen on four charges of breaching an FMA stop order, resulting in a seven-year ban from company management and financial advisory roles. McEwen was fined NZD 15,000 for offering financial products linked to Cosmopolitan Holdings 2024 Pty Ltd and Agtech 3 Ltd, and unauthorized activities with the International Opportunities Partnership. The court dismissed his application for a discharge without conviction.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2026-03-04United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren urges Senate to block Kevin Warsh nomination as Federal Reserve Chair

    Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, urged the Senate to reject Kevin Warsh's nomination as Chair of the Federal Reserve. Warren criticized Warsh as potentially being influenced by former President Trump, alleging attempts to control the Fed through investigations against Chair Powell and Governor Cook.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-03-03United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority reopens Nasdaq Dubai for trading from 4 March 2026 at 10:00am GST

    The Dubai Financial Services Authority announced the reopening of Nasdaq Dubai for trading on 4 March 2026. Nasdaq Dubai, located in the Dubai International Financial Centre, facilitates trading in equities, derivatives, sukuk, and conventional bonds. The DFSA continues to monitor regional developments and liaises with local authorities.

    SupervisionAuthorisations & approvalsTrading
  • 2026-03-03KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic fines two Bishkek exchange offices and an unlicensed individual for foreign currency cash exchange violations

    The National Bank of the Kyrgyz Republic fined two exchange offices in Bishkek KGS 55,000 each for violating foreign exchange regulations. Additionally, an individual was fined KGS 17,500 for conducting unlicensed cash foreign currency exchanges.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2026-03-03JapanJapan Financial Services Agency

    Japan Financial Services Agency advances Cabinet-approved bill to extend and expand capital participation and fund grant schemes for regional financial institutions

    The Japan Financial Services Agency announced a Cabinet-approved bill to amend the Act on Special Measures to Strengthen Financial Functions, focusing on regional financial institutions. The amendments aim to extend deadlines for the capital participation and fund grant systems, supporting regional financial capacity. The agency urged early Diet deliberation with current deadlines ending in March.

    Policy & regulationRules & requirementsOther
  • 2026-03-03United Arab EmiratesUAE Securities & Commodities Authority

    UAE Securities & Commodities Authority resumes trading and clearing and settlement in Abu Dhabi and Dubai markets from 4 March 2026

    The UAE Securities & Commodities Authority has resumed trading, clearing, and settlement activities in the UAE's capital markets, including the Abu Dhabi Securities Exchange and Dubai Financial Market, effective 4 March 2026. This follows coordination with the exchanges and aligns with a previously communicated timetable. The Authority will continue monitoring regional developments and may take further actions to protect investors.

    Policy & regulationImplementation, projects & pilotsTrading
  • 2026-03-03United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority issues investor caution alert on volatility fake news and phishing amid heightened global tensions

    The Dubai Financial Services Authority issued an investor reminder to exercise caution amid heightened global tensions. The DFSA highlighted increased risks of short-term market volatility, fake news, and phishing attempts, advising investors to verify online information and avoid spreading unverified content.

    SupervisionAlertsMarket risk and volatility
  • 2026-03-03EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority reports declining UCITS costs in 2024 and a rebound in retail fund performance driven by new funds

    The European Securities and Markets Authority's 2025 Costs and Performance report highlights a decline in ongoing costs for EU retail investment products in 2024, driven by newer, lower-fee funds. UCITS performance improved significantly, with notable returns in equity, mixed, and bond funds, while ESG UCITS underperformed. Alternative Investment Funds saw a decrease in retail investor share, and structured retail products maintained stable costs with a higher market share for interest-rate linked products.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2026-03-03IrelandDepartment of Finance (Ireland)

    Ireland's Department of Finance nominates Gabriel Makhlouf for re-appointment as Governor of the Central Bank of Ireland from 1 September 2026

    Ireland's Department of Finance announced the Government's decision to nominate Gabriel Makhlouf for re-appointment as Governor of the Central Bank of Ireland, with his second term starting on 1 September 2026. Makhlouf, serving since 2019, chairs the Central Bank Commission and holds roles in the European Central Bank and International Monetary Fund. The re-appointment follows the Central Bank Act 1942, allowing a seven-year extension.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-03-03EuropeEuropean Central Bank

    European Central Bank working paper links stablecoin adoption to deposit substitution and weaker monetary policy transmission

    The European Central Bank's Working Paper examines stablecoin adoption's impact on euro area bank intermediation and monetary policy transmission. Findings indicate stablecoins can shift funding from retail deposits to wholesale and foreign-currency sources, tightening credit supply and complicating monetary policy pass-through. The paper also highlights risks to monetary sovereignty from foreign-currency stablecoins, particularly USD-denominated funding.

    ResearchStablecoins
  • 2026-03-03IndonesiaOJK

    Indonesia's Financial Services Authority and the Indonesian National Police Criminal Investigation Agency sign updated cooperation agreement to strengthen financial sector law enforcement coordination

    Indonesia's Financial Services Authority (OJK) and the Criminal Investigation Agency of the Indonesian National Police (Bareskrim Polri) have signed a cooperation agreement to enhance law enforcement in the financial services sector. This agreement updates their 2020 arrangement, focusing on data exchange, law enforcement coordination, and human resource development to improve case handling and coordination.

    Policy & regulationCooperationCross-border cooperation
  • 2026-03-03JapanJapan Financial Services Agency

    Japan Financial Services Agency publishes AI Discussion Paper version 1.1 on AI use in financial institutions and seeks stakeholder feedback

    The Japan Financial Services Agency (FSA) released version 1.1 of its AI Discussion Paper, detailing the current use of artificial intelligence in financial institutions and initial issues for sound utilization. This update, building on the March 2025 version, includes insights from the FSA’s AI Public-Private Forum and highlights areas needing regulatory clarification. The FSA emphasizes that the analysis is preliminary and may change with technological and business developments.

    Policy & regulationGuidance & interpretationArtificial intelligence
  • 2026-03-03Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority authorizes CNNC Captive Insurance Limited as the first new captive of 2026

    The Hong Kong Insurance Authority has authorized CNNC Captive Insurance Limited, a captive insurer established by China National Nuclear Corporation, marking the first captive authorization in 2026. This brings the total number of captive insurance companies in Hong Kong to seven. The Authority emphasized the role of captives in enterprise risk management and plans to promote Hong Kong’s captive proposition in the Chinese Mainland and Asia.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-03-03United KingdomBank of England

    Bank of England opens BEEDS user acceptance testing window for Statistical Taxonomy v1.3.1 ahead of end-May 2026 live submissions

    The Bank of England announced the availability of a BEEDS user acceptance testing environment for statistical reporting firms and software houses to test the Bank of England Statistical Taxonomy v1.3.1 FINAL. The UAT window, open from 30 March to 17 April 2026, is the last before live submissions for end-May 2026 data. Firms will be automatically enabled for UAT, and software houses must request access by 20 March 2026.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2026-03-03IndonesiaOJK

    Indonesia's Financial Services Authority swears in new department heads and regional office chiefs to strengthen organisational performance

    Indonesia's Financial Services Authority (OJK) has appointed new heads for departments and regional offices to enhance continuity, integrity, and performance. Key appointments include Kristrianti Puji Rahayu as Head of the OJK Institute and Rudy Agus P. Raharjo as Head of the Department of Organisation, Human Resources and Culture. The inauguration, led by Acting Chairman Friderica Widyasari Dewi, emphasized integrity and professionalism.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2026-03-03GlobalISDA

    International Swaps and Derivatives Association and EMTA publish 2026 FX Definitions to replace 1998 market standard from November 2027

    ISDA and EMTA, Inc. have released the 2026 FX Definitions, updating market practices and consolidating FX templates into a single document, effective November 22, 2027. The new definitions revise disruption events, incorporate non-deliverable FX transaction terms, and align with the 2021 ISDA Interest Rate Derivatives Definitions. The 2026 FX Definitions will replace the 1998 standards, with Swift discontinuing support for the old definitions post-implementation.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2026-03-03GlobalInternational Monetary Fund

    International Monetary Fund analyses sub-Saharan Africa’s shift from external borrowing to domestic debt and the associated stability risks

    An International Monetary Fund article in F&D magazine discusses sub-Saharan Africa's shift from external borrowing to domestic debt, highlighting reduced exchange-rate exposure but increased rollover and financial-stability risks. It notes no Eurobond issuances between spring 2022 and January 2024 and emphasizes stronger policy frameworks for domestic market development. The article addresses challenges like short maturities, high issuance costs, and the sovereign-bank nexus, recommending broader investor bases and enhanced transparency to manage these trade-offs.

    ResearchLending
  • 2026-03-03GlobalInternational Monetary Fund

    International Monetary Fund research proposes hedged Federal Reserve interventions to stabilise the US Treasury market during stress

    The IMF published research by Anil K. Kashyap and Jeremy C. Stein on US Treasury market fragility, recommending the Federal Reserve develop targeted, duration-neutral tools. The study highlights structural issues like increased Treasury supply, dealer balance sheet constraints, and leveraged arbitrage. The authors suggest hedging future emergency Treasury purchases to maintain duration neutrality and propose limiting interventions to clearly dysfunctional thresholds to mitigate moral hazard.

    ResearchMarket infrastructure
  • 2026-03-03BarbadosCentral Bank of Barbados

    Central Bank of Barbados reiterates authorised-dealer requirements for foreign exchange transactions and use of existing foreign currency account balances

    The Central Bank of Barbados reiterated that foreign currency transactions must occur through authorised dealers as per the Exchange Control Act. It stressed the need for account holders to use existing foreign currency balances before requesting additional purchases. The Bank confirmed international reserves of approximately USD 3 billion, ensuring no foreign exchange shortage, and committed to efficient processing of legitimate transactions.

    Policy & regulationGuidance & interpretationForeign exchange policy and markets
  • 2026-03-03New ZealandDepartment of Internal Affairs

    New Zealand Department of Internal Affairs warns of scam emails impersonating its AML/CFT Group

    The New Zealand Department of Internal Affairs issued a scam alert regarding emails impersonating its Anti-Money Laundering and Countering Financing of Terrorism Group, falsely claiming funds are frozen or payments are required. The Department emphasized these are scams and does not request payments or transfers. Recipients are advised to report phishing and suspected fraud through established channels like CERT NZ and the Police.

    SupervisionAlertsFraud and scams
  • 2026-03-03LithuaniaBank of Lithuania

    Bank of Lithuania authorises Micar assets UAB as a MiCA crypto-asset service provider

    The Bank of Lithuania has authorized Micar assets UAB to operate as a crypto-asset service provider under the Markets in Crypto-Assets Regulation (MiCA), enabling it to offer services to retail and business clients. This includes custody, administration, exchange, and processing of crypto-assets. Lithuania ranks second in the Nordic-Baltic region for crypto-asset service provider authorizations, according to ESMA data.

    SupervisionAuthorisations & approvalsLicence approval
  • 2026-03-03BoliviaCentral Bank of Bolivia

    Central Bank of Bolivia launches Billetes de Bolivia mobile app to verify Series B BOB 10, 20 and 50 banknotes

    The Central Bank of Bolivia has launched a free offline mobile app, Billetes de Bolivia, to let the public verify Series B BOB 10, 20 and 50 banknotes by checking serial numbers against those invalidated after a 27 February cargo aircraft accident. Only the 17.1 million notes on the crashed flight have been disabled; other Series B notes remain legal tender and should not be rejected without verification. The app complements an online verifier, and the bank plans additional mechanisms for users without technology while continuing to identify and perforate invalid notes.

    Financial literacy & educationCurrency and cash management
  • 2026-03-03LibyaCentral Bank of Libya

    Central Bank of Libya reviews record growth in electronic payments and agrees to launch QR code payments at POS terminals

    The Central Bank of Libya reviewed electronic payments growth with banks and payment companies and agreed to start QR code payments at POS terminals next Sunday. Recent indicators showed sharp expansion in POS deployment, card and mobile transactions, and instant payments. The governor also called for easier access to electronic banking services and continued performance improvements.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2026-03-03CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario reports DB pension median solvency ratio at 124% and finalises target benefit MEPP supervisory guidance

    The Financial Services Regulatory Authority of Ontario's March 2026 pensions update reports stable funding levels for defined benefit pension plans, with a median solvency ratio of 124% as of 31 December 2025. The update finalizes the Supervisory Approach Guidance for target benefit multi-employer pension plans, detailing conversion reviews, risk assessments, and compliance expectations. FSRA also initiated a Pension Services Portal data clean-up and found discrepancies in Investment Information Summary filings for defined benefit plans.

    SupervisionSupervision approach, priorities & toolkit
  • 2026-03-03CanadaCanadian Securities Administrators

    Canadian Securities Administrators update results of initiative that deactivated more than 7,586 fraudulent investment and crypto scam websites

    The Canadian Securities Administrators (CSA) deactivated over 7,586 fraudulent investment and crypto scam websites targeting Canadians, involving more than 13,000 URLs between June 2025 and February 2026. This initiative is part of coordinated regulatory and enforcement efforts using technology and collaboration with industry and law enforcement. The CSA will include these statistics in its annual Year in Review publication starting in 2026.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-03-03United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury calls for a reset of bank liquidity regulation including capped recognition of discount window borrowing capacity

    The U.S. Treasury urged a review of post-2008 liquidity regulations, suggesting reforms to restore the central bank's lender-of-last-resort role by recognizing collateral-backed borrowing at the discount window as monetizable liquidity. It criticized current requirements as too restrictive, noting large banks' increased safe asset allocations and the stigma of discount window access. The Treasury also announced upcoming proposals on bank capital modernization, expanded deposit insurance, and AML/CFT supervision.

    Policy & regulationReform agendas & prioritiesLiquidity riskPrudential risks
  • 2026-03-03United StatesFederal Reserve Board

    Federal Reserve Board’s Bowman calls for reforms to bank liquidity rules and the discount window

    Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman critiqued the post-GFC prudential liquidity framework, highlighting issues with the liquidity coverage ratio (LCR) and its pro-cyclical effects during market stress. She noted that the LCR can lead to excessive holdings of high-quality liquid assets (HQLAs) and discourage use of central bank backstops. Bowman called for a broader discussion to inform potential adjustments to the liquidity framework and modernization of the discount window.

    Policy & regulationGuidance & interpretationLiquidity riskFinancial stability and systemic risk
  • 2026-03-03United StatesFederal Reserve Board

    Federal Reserve Board issues consent prohibition orders against former United Bank and East Cambridge Savings Bank employees for embezzlement and customer fund misappropriation

    The Federal Reserve Board issued consent prohibition orders against Jacob Hilton and Klaus Koberstein, former employees of United Bank and East Cambridge Savings Bank, respectively. Hilton was cited for embezzlement of bank funds, while Koberstein was cited for misappropriation of customer funds.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2026-03-03NetherlandsDe Nederlandsche Bank

    Netherlands' De Nederlandsche Bank speech by Olaf Sleijpen highlights cyberattack preparedness and cautions against deregulation and stablecoin risks

    De Nederlandsche Bank published a speech by Olaf Sleijpen emphasizing Europe's need to enhance resilience, growth, and stability amid geopolitical fragmentation. Key points include reducing foreign dependency on critical infrastructure, deepening the European single market, and prioritizing cyber resilience. Sleijpen also highlighted concerns over crypto-assets, particularly stablecoins, and advocated simplifying banking rules without deregulation.

    Policy & regulationGuidance & interpretationFinancial stability and systemic risk
  • 2026-03-03NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets and De Nederlandsche Bank warn against loosening mortgage lending standards for homebuyers

    The Dutch Authority for the Financial Markets and De Nederlandsche Bank's annual monitor advises against easing borrowing limits for homebuyers, warning it could increase house prices and buyer debt, impacting financial stability. The report recommends maintaining the current Loan-to-Value cap despite its high level compared to other countries, to avoid further challenges for first-time buyers. The monitor highlights that while homeowners are less vulnerable to shocks since 2013, risks persist due to high mortgage debt and rising LTVs and LTIs.

    ResearchLendingMacroprudential policy and toolsFinancial stability and systemic risk
  • 2026-03-03PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendence of Banking, Insurance and Pension Fund Administrators warns consumers about unregistered loan apps using intrusive permissions and coercive collections

    Peru's Superintendence of Banking, Insurance and Pension Fund Administrators (SBS) warned about money-lending apps offering unsolicited credit and requiring extensive phone data access. These apps collect personal information, impose high charges, and threaten borrowers with exposure to their contacts. SBS advises against downloading these apps without verifying requirements and highlights the need for registration and supervision under Legislative Decree No. 1106 and SBS Resolution No. 650-2024.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2026-03-03SwedenRiksbank

    Sveriges Riksbank reviews 2025 payments preparedness and deposit requirement and reiterates 1.75% policy rate stance at the Riksdag Committee on Finance

    Sveriges Riksbank's Executive Board addressed the Riksdag Committee on Finance, discussing 2025 operations and current monetary policy. Key points included a policy rate of 1.75% to support economic activity, operational measures for payment system preparedness, and a new deposit requirement for Swedish credit institutions. The Board also noted inflation near target, easing interest rates, and geopolitical tensions impacting policy considerations.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2026-03-03ColombiaCentral Bank of Colombia

    Central Bank of Colombia publishes working paper estimating 1% freight volume declines and 1% cost increases during Pan-American Highway closures

    The Central Bank of Colombia's working paper analyzes natural-disaster-related closures on the Pan-American Highway, finding a 1% decrease in freight volumes and a 1% increase in logistics costs during closure months. Using 2017–2024 data, it identifies 128 closures, mainly from landslides and rockfalls, with mitigation priorities like slope stabilization and improved response capacity. The paper is provisional and reflects the authors' views, not the institution's.

    ResearchOther
  • 2026-03-03ColombiaCentral Bank of Colombia

    Central Bank of Colombia switches Foreign Exchange Information System access to the new SAUC authentication from 16 March 2026

    The Central Bank of Colombia will implement the Citizen Authentication System (SAUC) for accessing its Foreign Exchange Information System starting 16 March 2026, replacing the current method. SAUC eliminates the need for digital certificates, offering a faster interface while maintaining security standards. Users must enroll in SAUC, accept terms, and confirm their email, with support available during the transition.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-03United StatesFederal Reserve Bank of Cleveland

    Federal Reserve Bank of Cleveland releases Small Business Credit Survey report showing small firms’ growth expectations at their lowest since 2020

    The Federal Reserve Bank of Cleveland's 2026 Report on Employer Firms reveals small businesses are scaling back revenue and employment growth expectations to their lowest since 2020, though still above that low point. Rising costs remain the primary financial challenge, with 48% of firms sourcing inputs internationally and 84% of those facing higher costs. Online lender application rates have increased for the fifth year, with 60% of firms experiencing higher-than-expected borrowing costs.

    ResearchEconomic data and developments
  • 2026-03-03GlobalFinancial Action Task Force

    Financial Action Task Force publishes targeted report urging stronger controls on stablecoins and unhosted wallet peer-to-peer transactions

    The Financial Action Task Force (FATF) released a report on stablecoins and unhosted wallets, highlighting increased illicit finance risks, particularly in peer-to-peer transactions. Stablecoins accounted for 84% of illicit virtual asset transaction volume in 2025, often involving unhosted wallets and complex laundering techniques. It urges countries to address stablecoin-specific risks with proportionate measures, including full implementation of Recommendation 15, and suggests good practices for issuers and authorities to mitigate these risks.

    Policy & regulationInternational standards & recommendationsStablecoins
  • 2026-03-03CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario reports 124 per cent median solvency ratio for Ontario defined benefit pension plans in Q4 2025

    The Financial Services Regulatory Authority of Ontario released its Q4 2025 Solvency Report for Defined Benefit Pension Plans, maintaining a median pension solvency ratio of 124% for Ontario plans. The report attributes year-end results to strong equity market performance in late 2025 and warns of potential 2026 risks like interest rate changes and geopolitical uncertainty. Plan sponsors are advised to employ stress testing and analytical tools for risk assessment.

    SupervisionRisk monitoring & watch points
  • 2026-03-03United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency issues final rules rescinding fair housing home loan data reporting and easing community bank licensing filings

    The Office of the Comptroller of the Currency (OCC) issued two final rules to reduce regulatory burdens for community banks. One rule rescinds the OCC’s Fair Housing Home Loan Data System regulation, eliminating redundant data collection requirements. The other rule simplifies licensing requirements by expanding eligibility for expedited procedures in corporate activities and transactions.

    Policy & regulationRules & requirementsRegulatory burden
  • 2026-03-03UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market agrees with Kernel to pursue a pilot corporate bond issue to test capital markets infrastructure

    Ukraine's Securities and Stock Market Chair, Oleksii Semeniuk, met with Kernel to discuss a pilot corporate bond issuance. They plan a single transaction to test capital markets infrastructure and identify changes. The Commission is finalizing OIR regulation to simplify market entry, amid rising investor demand and investments in domestic government bonds exceeding UAH 12bn.

    Policy & regulationImplementation, projects & pilotsOther
  • 2026-03-03MexicoCONDUSEF

    Mexico's National Commission for the Protection and Defense of Users of Financial Services reports seven January 2026 cases of financial institution impersonation

    Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported that seven financial institutions registered in SIPRES were impersonated to deceive individuals seeking credit. The impersonators used unauthorized trade names, corporate names, logos, and sometimes tax or administrative details.

    SupervisionAlertsFraud and scams
  • 2026-03-03PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines overhauls bank reporting governance rules with revised PRIME deadlines and daily penalties up to PHP 10,000

    The Central Bank of the Philippines has amended the Manual of Regulations for Banks to enhance reporting governance, update standards for prudential and regulatory reports, and revise submission deadlines for XML reports via PRIME. The amendments introduce a new daily penalty structure for reporting breaches, clarify roles for governance and compliance, and validate digital signatures for electronic submissions. Effective 15 days post-publication, these changes apply exclusively to banks, with full implementation starting for reports ending 30 June 2026.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2026-03-03PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines raises cash withdrawal enhanced due diligence threshold to PHP 1 million

    The Central Bank of the Philippines raised the cash withdrawal threshold for enhanced due diligence (EDD) to PHP 1 million from PHP 500,000 to streamline legitimate transactions and focus on higher-risk activities. Under BSP Circular No. 1230, withdrawals above PHP 1 million require additional verification, with EDD at the customer level for regular large transactions. Financial institutions may set lower thresholds based on risk assessments, and the circular specifies no threshold for non-cash withdrawals.

    Policy & regulationRules & requirementsAML and CFTFinancial stability and systemic risk
  • 2026-03-03SerbiaRepublic of Serbia Securities Commission

    Republic of Serbia Securities Commission chair joins Kopaonik Business Forum panel on EU-aligned capital market reforms and digital assets

    The Republic of Serbia Securities Commission's Chairman, Marko Jankovic, participated in the 33rd Kopaonik Business Forum, discussing Serbia's efforts to harmonize its regulatory framework with the European Union acquis. The panel addressed capital market laws, financial market development, and modern instruments such as digital assets and tokenisation.

    Policy & regulationCooperation
  • 2026-03-03AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan revokes five insurance agent licences

    The Central Bank of the Republic of Azerbaijan revoked the insurance agent licences of five individuals following a Board decision on 27 February 2026. One licence was voluntarily surrendered, while the other four were revoked due to non-compliance with conditions for suspension removal.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2026-03-03United Arab EmiratesDubai International Financial Centre

    Dubai International Financial Centre confirms full services and return to office-based working from 4 March amid regional uncertainty

    Dubai International Financial Centre issued an operational update advising firms and residents to maintain business continuity and monitor official guidance amid regional uncertainty. DIFC Authority services remain fully available, with staff returning to office-based work from 4 March 2026. Regulated clients affected by the situation are requested to provide updates via the DFSA portal.

    Policy & regulationGuidance & interpretationOther
  • 2026-03-03UkraineNational Bank of Ukraine

    National Bank of Ukraine Financial Stability Council initiates updates to lending and mortgage strategies after strong 2025 credit growth

    The National Bank of Ukraine reported on the Financial Stability Council's review of Lending and Mortgage Lending Development Strategies, noting positive dynamics and updates for sustainable growth. The Council highlighted a one-third increase in net hryvnia loans in 2025, with market rates nearing prewar levels. It instructed the Financial Development Committee to propose improvements in financial instruments and lending infrastructure to enhance credit penetration while maintaining stability.

    Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
  • 2026-03-03KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority grants National Investment Company a one-year licence to privately market Value-Add Fund 1A IC Limited in Kuwait

    The Kuwait Capital Markets Authority has granted National Investment Company a private marketing licence to offer shares in VALUE-ADD FUND 1A IC LIMITED to professional clients in Kuwait. The licence allows the marketing of 75,000 shares at EUR 1,000 each, with a subscription commission of up to 2.25%. The licence is valid for one year, contingent on fee payment within one month.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-03-03KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority authorises National Investments to privately market 75,000 shares in Value-Add GBP Fund 2A

    The Kuwait Capital Markets Authority granted National Investments Company a private marketing licence to offer shares in VALUE-ADD GBP FUND 2A IC LIMITED in Kuwait. The licence permits the marketing of 75,000 shares at GBP 1,000 each, with a subscription commission of up to 2.25%, to professional clients only. The licence is valid for one year, contingent on timely fee payment.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2026-03-03United KingdomFinancial Conduct Authority

    UK Financial Conduct Authority’s OPBAS report calls for stronger enforcement by professional body AML supervisors

    The UK Financial Conduct Authority's report from the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) indicates improved effectiveness among AML supervisors since 2018, though enforcement remains weak. OPBAS oversees 25 Professional Body Supervisors in the accountancy and legal sectors, noting some struggle with enforcement and dual roles. The report aligns with the Government's decision for the FCA to assume AML supervision in these sectors by 2025 to enhance oversight and crime disruption.

    SupervisionReviews, inspections & stress testsAML and CFT
  • 2026-03-03UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market consults on modernising non-state pension funds and enabling a funded pension pillar

    The Ukraine National Commission on Securities and Stock Market is advancing reforms to modernize the non-state pension system, focusing on the third pillar and accumulation-based pensions. Discussions include aligning legislation with European standards, enhancing participant protection, and strengthening asset management and oversight. Legislative changes will proceed through consultations with the professional community before submission to parliament.

    Policy & regulationReform agendas & priorities
  • 2026-03-03FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes special Barometer highlighting persistent gender gaps in investing

    France's Autorité des marchés financiers (AMF) released a special edition of its Savings and Investment Barometer, highlighting a persistent gender gap in financial investments. Women are less likely to invest than men, with only 24% participating in shares, crypto-assets, or crowdfunding compared to 45% of men. The report also notes women's higher risk aversion, lower financial confidence, and less engagement with market information.

    ResearchDiversity and inclusion
  • 2026-03-03BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority ends email document filing and makes ProtocoloGOV PREVIC the sole electronic submission channel from 16 March

    The Brazilian Pension Funds Authority (PREVIC) will cease accepting email document submissions from 16 March, consolidating electronic submissions through the ProtocoloGOV PREVIC digital protocol to enhance transparency, security, and traceability. The platform, operational for a year, has processed over 1,950 documents and integrates with the Electronic Information System (SEI) for real-time tracking and alerts.

    Policy & regulationImplementation, projects & pilotsOperational excellence
  • 2026-03-03CanadaQuebec Autorite des marches financiers

    Canadian Securities Administrators release updated results of initiative to disrupt fraudulent investment websites

    The Canadian Securities Administrators (CSA) updated its efforts to combat fraudulent online investment websites targeting Canadians, highlighting the use of regulatory and enforcement tools and collaboration with partners. The CSA emphasized intensified efforts to disrupt fraud, prevent online harm, and educate investors, urging vigilance and verification of registration status. From 2026, the CSA will include statistics on deactivated websites in its annual Year in Review.

    SupervisionAlertsFraud and scams