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2026-02-27•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has launched a public consultation on a draft amendment to a Cabinet Office Ordinance under the National Strategic Special Zones framework. The amendment proposes removing fund audit requirements for certain professional venture funds operating as special businesses for qualified institutional investors. The changes aim to streamline operations for entities specified in regional plans with offices in these zones.
Policy & regulationRules & requirementsOther
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2026-02-27•Japan•Japan Financial Services Agency
The Japan Financial Services Agency issued a Cabinet Office Ordinance amending enforcement regulations under the Act on Emergency Measures for the Revitalization of Financial Functions, affecting labour banks. The changes streamline regulatory reporting by allowing an asset assessment report to substitute for overlapping statements required under the Banking Act. No special opinions were received during the public consultation.
Policy & regulationRules & requirementsRegulatory reporting
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2026-02-27•Japan•Japan Financial Services Agency
The Japan Financial Services Agency finalized revisions to its Comprehensive Supervisory Guidelines to enhance firms' cyber risk responses, effective 27 February 2026. The revisions, following a public consultation, cover major banks, small and medium-sized financial institutions, affiliated institutions, and the fishermen’s cooperative system credit business, including guidance on electronic payment instruments. Feedback not directly related to the revisions will inform future financial administration.
Policy & regulationGuidance & interpretationCyber resilience
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2026-02-27•Japan•Japan Financial Services Agency
The Japan Financial Services Agency reported a nationwide balance of receivables under the Financial Revitalization Act at JPY 8.0 trillion for the fiscal year ended September, a decrease of JPY 0.4 trillion from March. "Receivables for management" and "bankruptcy rehabilitation receivables" remained at JPY 2.1 trillion and JPY 1.2 trillion, respectively, while another category decreased by JPY 0.4 trillion to JPY 4.8 trillion.
Data & statisticsActivity and performance reporting
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2026-02-27•Europe•European Securities and Markets Authority
The European Securities and Markets Authority updated its Q&A across several EU frameworks, providing guidance for crowdfunding and crypto-asset service providers, central counterparties under EMIR, and issuers under the Transparency Directive. Updates include fiduciary structures in equity crowdfunding, MiCA withdrawal requirements, and EMIR AAR threshold calculations. Changes to the Transparency Directive, effective 1 January 2027, address IFRS 18 interaction and APMs Guidelines.
Policy & regulationGuidance & interpretationCrowdfundingRegulatory reporting
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2026-02-27•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission and Japan's Financial Services Agency held the Spring SEC–FSA Financial Regulatory Dialogue in Tokyo, focusing on cross-border market and supervisory issues. Discussions included regulatory developments in crypto and digital assets and potential for enhanced coordination in multilateral settings.
Policy & regulationCooperationCross-border cooperation
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2026-02-27•Japan•Japan Financial Services Agency
The Japan Financial Services Agency (FSA) released a new edition of its FSA Analytical Notes, analyzing regional banks' human resource support and its impact on management talent shortages at corporate clients. The analysis shows that banks excelling in management talent matching report fewer personnel shortages. The FSA stresses the importance of sophisticated data use in financial administration and plans to enhance its analytical capabilities.
ResearchOther
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2026-02-27•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) met in Frankfurt with the Anti-Money Laundering Authority, European Systemic Risk Board, and European Central Bank to enhance integration into the European financial framework. Discussions focused on aligning Montenegro’s anti-money laundering framework, strengthening macroprudential policy, and advancing payment-system integration through SEPA and the TIPS Clone project. CBCG and AMLA signaled readiness for cooperation, while regular information exchange with the ESRB was emphasized for EU alignment.
Policy & regulationCooperationCross-border cooperation
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2026-02-27•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has released draft rules on regulatory capital requirements for companies managing open alternative investment funds, aiming to enhance financial stability, risk management, and investor protection. The proposal was adopted at the Authority’s 173rd meeting under the Law on Alternative Investment Funds.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2026-02-27•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has released draft secondary regulations for public consultation to implement the Law on open-ended investment funds with a public offering. The drafts address rules on central and feeder funds, fund liquidation and termination, management company registers, authorisation amendments, regulatory capital requirements, and EU marketing notifications. Feedback will be considered before finalising the regulations.
Policy & regulationRules & requirementsRegulatory reporting
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2026-02-27•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has released draft by-laws for public consultation to implement the Law on Voluntary Pension Funds. The proposals cover rules for authorising management companies, establishing voluntary pension funds, and conditions for executive roles. Feedback will be considered before finalising the texts.
Policy & regulationRules & requirementsLicensing framework and process
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2026-02-27•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) study, “Market Fragmentation: A Cushion Against Exchange Outages?” finds market liquidity deteriorates sharply during primary exchange outages, despite alternative venues. Effective spreads increase by 110% and turnover falls by 96%, showing fragmentation doesn't mitigate outage-related illiquidity. Authored by Hans Degryse, Björn Hagströmer, and Niklas Landsberg, it won the CNMV prize for best paper on securities markets and regulation at AEFIN’s XXXII Finance Forum.
ResearchMarket development
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2026-02-27•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has issued Tender Notice 02/2026 for bids on 24-hour maintenance and system management services, including security information and event management, for a three-year term. The contract, valued at EUR 370,000 excluding VAT, will be awarded through an open procedure based on the most economically advantageous offer.
Institutional developmentProcurement
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2026-02-27•Europe•European Central Bank
The European Central Bank's working paper examines the euro area's 2021–2022 inflation surge and monetary policy response, revealing a welfare shift from younger, poorer to older, wealthier households. Inflation is attributed to price markup and monetary shocks. Expansionary policy supported labor demand but didn't prevent redistribution. Systematic interest rate responses have nonlinear, shock-specific redistributive effects, with varying conclusions on monetary policy's role.
Research
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2026-02-27•Europe•European Central Bank
The European Central Bank's Working Paper evaluates using satellite observations of nitrogen dioxide (NO2) to enhance near-term oil demand forecasting. The study shows that incorporating NO2 data into models significantly reduces errors, especially during crises, and outperforms other high-frequency indicators in stable periods. This suggests NO2 as a valuable tool for real-time monitoring of oil demand across major economies.
ResearchClimate risk and sustainable finance
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2026-02-27•Japan•Bank of Japan
The Bank of Japan's January 2026 Payment and Settlement Statistics detail activity across BOJ-NET, private clearing systems, and retail payment instruments. BOJ current accounts averaged 100,992 instructions daily, totaling JPY 243.6 trillion, with contributions from call market-related transfers, Japanese government bond transactions, and foreign exchange yen settlements. The Zengin System processed 8.989 million transactions daily, with large-value payments averaging 14,079 transactions worth JPY 14.4 trillion.
Data & statistics
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2026-02-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission partnered with Google to block fraudulent investment apps impersonating licensed firms, aiming to mitigate public harm. The SEC launched an investigation, published app names via its Investor Alert system, and issued public warnings. The regulator emphasized its "3Cs" approach—consultation, communication, and collaboration—and advised investors to verify solicitor licenses and be wary of high returns or pressure to transfer funds.
SupervisionAlertsFraud and scams
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2026-02-27•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced a voluntary public takeover bid by Malaga Investment SCSp for What’s Cooking Group NV. The related press release is available only in French or Dutch.
SupervisionOther
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2026-02-27•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced that trading in What’s Cooking Group financial instruments (ISIN BE0003573814) on Euronext Brussels will resume at 10:00 CET on 27 February 2026, under Article 78 of the Law of 21 November 2017.
SupervisionAuthorisations & approvalsTrading
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2026-02-27•Europe•European Central Bank
The European Central Bank (ECB) updated its list of supervised entities under the Single Supervisory Mechanism, effective 1 January 2026. It includes 112 significant entities directly supervised by the ECB and less significant entities supervised through national authorities, detailing legal name changes, mergers, and group-structure adjustments. Notable changes include Sparkasse Haugsdorf's licence withdrawal, mergers involving Mizuho Trust & Banking and Intesa Sanpaolo, and BNP Paribas Leasing Solutions' new classification as a significant entity.
SupervisionRegulatory reportingSupervision process and methodologies
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2026-02-27•Europe•European Central Bank
The European Central Bank reported a 20% decrease in counterfeit euro banknotes in 2025, with 444,000 notes withdrawn from circulation. EUR 20 and EUR 50 notes were the most counterfeited, comprising 80% of all counterfeits. The ECB emphasized the importance of verifying authenticity using the “feel, look and tilt” method and advised reporting suspected counterfeits to authorities.
Data & statisticsCurrency and cash management
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2026-02-27•Japan•Bank of Japan
The Bank of Japan's Financial Markets Department released a summary of its February 2026 Meeting on Market Operations, which addressed recent financial market developments, JGB market liquidity, and money market topics. The meeting included presentations and discussions with market operation counterparties and senior officials.
Monetary policyMonetary policy instruments & operationsMonetary policy decisions and developments
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2026-02-27•Belgium•National Bank of Belgium
The National Bank of Belgium reported a slight increase in counterfeit banknotes withdrawn from circulation in 2025, totaling 15,198 notes, up from 14,341 in 2024. The EUR 50 note was the most counterfeited, comprising 56.32% of cases. Despite the rise, the bank emphasized that counterfeiting remains minimal in Belgium, with fluctuations often linked to individual counterfeiters.
Data & statisticsOther
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2026-02-27•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish investors' foreign portfolio investments rose by DKK 489bn in 2025, totaling DKK 5,779bn at year-end. This increase was driven by net purchases of DKK 294bn and price gains, particularly in US shares, despite exchange losses. Investors notably bought a record DKK 189bn in shares, with significant acquisitions in European and American markets.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated Federal Court proceedings against Auto & General Services Pty Ltd for allegedly misleading advertising of discounts on Budget Direct insurance policies. ASIC claims that between March 2020 and July 2024, around 39,000 customers lost promised discounts due to policy amendments, resulting in a total loss of AUD 3.3 million. Auto & General, aware of the issue since 2016, has paid over AUD 3.8 million in remediation, and ASIC seeks declarations and civil penalties for contraventions of section 12DB of the ASIC Act.
EnforcementInvestigations & enforcement actions
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2026-02-27•Australia•Australian Securities & Investments Commission
ASIC has extended conditional short selling relief for market makers to enhance liquidity in exchange-traded options over Global X Physical Gold Structured and specified structured products referencing precious metals. ASIC Corporations (Amendment) Instrument 2026/24 amends regulations to allow short selling under conditions similar to those for exchange-traded fund market makers and updates naming conventions for exchange-traded products. Market makers should review the amended instrument and Regulatory Guide 196 on short selling.
Policy & regulationRules & requirementsTrading
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2026-02-27•Global•International Monetary Fund
The International Monetary Fund released a summary of the IMF Government Finance Statistics Advisory Committee virtual meeting, focusing on updating the Government Finance Statistics Manual and related guidance. The package includes discussions on social security schemes, employee benefits, extrabudgetary units, state-owned enterprise data, and fiscal analysis. It also outlines proposals for the updated manual's structure, scope, and next steps for the GFSM update.
Policy & regulationInternational standards & recommendationsOther
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2026-02-27•Global•International Monetary Fund
The International Monetary Fund released a report on a mission to assist Gabon's Ministry of Economy in developing a macroeconomic model for projections and simulations. The mission evaluated existing tools, data quality, and provided training, recommending a customized model integrated with a Debt Dynamics Tool. The report's findings and recommendations were endorsed by Gabonese authorities and included in the project action plan.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-27•Global•International Monetary Fund
The IMF Executive Board concluded the 2025 Article IV consultation with Moldova, noting economic recovery amid high uncertainty and structural constraints. EU accession and the EU Growth Plan were identified as growth opportunities, with calls for prudent macroeconomic policies and reforms. Real GDP growth is projected at 2.7% in 2025 and 2.3% in 2026, with a fiscal deficit widening to 4.8% of GDP in 2026, while inflation is expected to remain within the National Bank of Moldova’s target range.
Policy & regulationPeer reviews and country evaluationsEconomic data and developments
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2026-02-27•United Kingdom•Bank of England
The Bank of England's Staff Working Paper No. 1,174 analyzes the "singleness of money" amid rising digital payments and private digital currencies. It highlights risks of inefficient, fragmented equilibria with new private monies and suggests mandating a common unit of account could mitigate interbank transfer fees but may lead to suboptimal outcomes. Central bank reserves and cash are identified as stabilizers, promoting consistent asset bases and interoperability.
ResearchCBDC
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2026-02-27•United Kingdom•Bank of England
The Bank of England's Staff Working Paper No. 1,173 examines how mortgage-rate changes affect household consumption via debt and asset prices, using UK administrative data. A 1 percentage point reduction in mortgage rates is estimated to increase mortgagors’ consumption by about 3% over six months, primarily through borrowing against higher house prices. Regions with non-responsive house prices to rate cuts show smaller consumption effects, and the cumulative impact of rate cuts can take up to 50 months to fully materialize.
ResearchOther
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2026-02-27•United Kingdom•Bank of England
The Bank of England released a staff working paper analyzing the impact of changes in prudential capital requirements on UK lending, macroeconomic outcomes, and banking competition. The study finds banks primarily meet tighter requirements by reducing risk-weighted assets, leading to modest short-term contractions in lending and GDP, with minimal long-term costs and a temporary reduction in competition. The paper is research in progress and does not reflect official Bank of England policy.
ResearchCapital adequacy
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2026-02-27•Canada•Alberta Securities Commission
The Alberta Securities Commission issued a Notice of Hearing against 2307755 Alberta Ltd. and director Daniel Rodolfo Astete for allegedly conducting illegal securities distributions via a real estate crowdfunding offering for The Isaac on 9th project. Allegations include raising CAD 500,000 without a prospectus and paying CAD 21,000 to Astete, violating National Instrument 45-110. The allegations remain unproven, with a hearing date set for April 8, 2026.
EnforcementInvestigations & enforcement actionsCrowdfunding
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2026-02-27•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission adopted final rules under the Holding Foreign Insiders Accountable Act, mandating Section 16 insider transaction reporting for directors and officers of foreign private issuers, with filings required on EDGAR. These rules apply to foreign private issuers with equity securities registered under Section 12 of the Securities Exchange Act of 1934. Commissioner Mark T. Uyeda noted the rules exclude beneficial owners of more than 10% of any class of registered equity securities.
Policy & regulationRules & requirementsCorporate governance
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2026-02-27•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency released its schedule for Community Reinvestment Act evaluations for national banks and federal savings associations for Q2 and Q3 2026. Public comments on CRA-related activities are invited and will be considered if received before the close of each evaluation.
SupervisionReviews, inspections & stress testsOther
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2026-02-27•United States•National Credit Union Administration
In February 2026, the National Credit Union Administration issued one consent-based and four conviction-based Orders of Prohibition, permanently barring five former credit union employees from working in any federally insured depository institution. The prohibitions involved individuals from Affinity Plus Federal Credit Union, Service Federal Credit Union, Boeing Employees Credit Union, Neches Federal Credit Union, and Black Hills Federal Credit Union, following fraud-related convictions. These orders prevent future employment in federally insured institutions.
EnforcementSanctions & designations
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2026-02-27•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City's February Survey of Tenth District Services shows modest growth in services activity for January, with future activity expectations rising. February saw continued gains, with revenue growth at its highest since June 2023, despite a further decline in employment. The survey includes updated seasonal adjustment factors affecting historical index values, to be used through 2025.
Data & statisticsActivity and performance reporting
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2026-02-27•Uganda•Bank of Uganda
The Bank of Uganda said Joppa Exchange Services Limited voluntarily ceased foreign exchange business with effect from 27 February 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-02-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) published its quarterly insurance statistical reports for December 2025, covering general, life, and private health insurance performance. The reports reflect updates to the new insurance reporting framework effective from July 2023, noting historical data is not directly comparable. APRA plans future consultations on confidentiality and updates to institutional-level insurance statistics.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-27•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic U.S. Senate Banking Committee members urged Treasury Secretary Scott Bessent and Attorney General Pam Bondi to investigate Binance Holdings Ltd.'s sanctions compliance and anti-money laundering controls. The letter highlights allegations of significant digital asset flows to Iranian entities linked to terrorism and potential Russian sanctions evasion. It also raises concerns about Binance's cooperation with law enforcement and recent business ties to President Donald Trump.
OtherSanctions list update
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2026-02-27•United States•New York State Department of Financial Services
The New York State Department of Financial Services and the Office of Mental Health launched a campaign to educate New Yorkers on rights and insurer obligations under behavioral health network adequacy rules. It highlights timely access to outpatient appointments and accurate provider directories, with provisions for out-of-network care if in-network wait times aren't met. The multilingual campaign runs through June across digital and traditional media.
Financial literacy & educationConsumer and investor protection
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2026-02-27•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Board approved the 2025 financial statements, reporting a profit of COP 13.893 trillion and authorizing a transfer of COP 13.855 trillion to the National Government. The profit was primarily driven by net income on international reserves of COP 11.894 trillion. The distribution will be made through Colombian government securities and cash, in accordance with Law 2559 of 2025.
Institutional developmentGovernanceFinancial and market indicatorsAccounting and financial reporting
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2026-02-27•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission reported on its participation in the 4th Greek Corporate Governance Summit, where it set out supervisory expectations on corporate governance, transparency, sustainability reporting and internal controls. Senior officials stressed substantive compliance with European corporate governance and sustainability standards, credible and financially linked ESG disclosures, and effective internal control systems under stress, ahead of HCMC’s 2023–2025 assessment of listed issuers’ internal controls.
SupervisionSupervision approach, priorities & toolkitCorporate governance
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2026-02-27•Peru•Central Bank of Peru
The Central Bank of Peru reported that remittances from Peruvians abroad totaled USD 5,368 million in 2025, marking an 11.7% increase from the previous year. These remittances accounted for 1.6% of GDP, consistent with the prior year. The United States remained the primary source, contributing to a fourth-quarter inflow of USD 1,428 million, USD 150 million more than the same period in 2024.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Colombia•Central Bank of Colombia
The Central Bank of Colombia (Banco de la República) approved its 2025 financial statements and will transfer COP13,855 billion of profits to the National Government, following unqualified audit opinions and authorization by the Financial Superintendence of Colombia. The COP13,893 billion profit was mainly driven by COP11,894 billion of net income from international reserves, with the distributable amount settled partly via transfer of TES from the bank’s monetary intervention portfolio at market value and the remainder in cash to the Government’s account, in line with Law 2559 of 2025.
Institutional developmentOtherAuditing
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2026-02-27•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
Botswana's Non-Bank Financial Institutions Regulatory Authority has revoked PAA Capital (Proprietary) Limited's licence under the Virtual Assets Act, 2025, prohibiting it from offering virtual asset services. NBFIRA warned that any continued regulated activities without a valid licence would breach the Act and could lead to enforcement action. The firm must notify customers and ensure the proper return or transfer of assets and funds.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-27•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority has revoked Turnbright Investments (Pty) Ltd's exemption under the Non-Bank Financial Institutions Regulatory Authority Act, 2023. Turnbright is now prohibited from offering regulated pawnshop services, including short-term, asset-backed loans. The authority has instructed Turnbright to notify customers and ensure the secure return or transfer of customer assets.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-27•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) released its January 2026 administrative enforcement actions, including eight orders: two consent orders, two orders terminating consent orders, two orders to pay, and two prohibition orders. No administrative hearings are scheduled for March 2026.
EnforcementEnforcement statistics
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2026-02-27•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) released schedules for Community Reinvestment Act (CRA) examinations of FDIC-supervised institutions for Q2 and Q3 2026. Examination frequency is determined by asset size and CRA rating, with adjustments possible due to application reviews or resource demands. Public comments are invited and considered if submitted before the completion of a CRA examination.
SupervisionReviews, inspections & stress testsFinancial inclusion
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2026-02-27•United States•Federal Deposit Insurance Corporation
The FDIC Board approved the deposit insurance application for Edward Jones Bank, a Utah-chartered industrial bank by Jones Financial Companies, L.L.L.P. The bank will offer securities-based loans nationwide, funded by sweep deposits from Edward D. Jones & Co., L.P. clients. Approval requires a minimum nine percent tier 1 leverage ratio and support for capital and liquidity from Jones Financial Companies and its subsidiaries.
SupervisionAuthorisations & approvalsLicence approval
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2026-02-27•China•Central Bank of the Republic of China
The People's Bank of China’s Party committee held an enlarged meeting to review 2025 accountability and integrity reports and discuss grassroots Party-building efforts. Governor Pan Gongsheng chaired the meeting, emphasizing strengthened political construction, improved cadre selection, and integration of Party building with business work. The meeting also called for enhanced grassroots organizational arrangements and accountability for rectification efforts.
Institutional developmentGovernanceLeadership change and appointments
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2026-02-27•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission (SEC) adopted final amendments to rules under Section 16 of the Securities Exchange Act of 1934 to align with the Holding Foreign Insiders Accountable Act (HFIA Act). These amendments introduce new insider reporting obligations for directors and officers of certain foreign private issuers, effective 18 March 2026. The SEC is considering exemptions where foreign law imposes similar requirements.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-02-27•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission adopted final rules under the Holding Foreign Insiders Accountable Act, requiring directors and officers of foreign private issuers to file Section 16 reports on EDGAR. This applies to issuers with equity securities registered under Section 12 of the Securities Exchange Act of 1934. Commissioner Mark T. Uyeda noted the rules exclude beneficial owners of more than 10 percent of such securities, based on statutory text and legislative history.
Policy & regulationRules & requirementsCorporate governance
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2026-02-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission issued the Measures for the Supervision and Administration of Information Disclosure of Private Investment Funds, effective 1 September 2026. These measures outline disclosure requirements for private fund managers, custodians, and sales institutions, prohibiting certain practices and mandating periodic and interim reporting. The framework includes supervision tools like orders to rectify and administrative penalties, with plans for ongoing rule issuance to enhance oversight.
Policy & regulationRules & requirementsDisclosures
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2026-02-27•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission's 2024 insurance intermediary market clean-up targeted non-compliant entities. Actions in 2024–2025 led to the revocation of three insurance intermediary groups, 57 institutions, and the removal of 3,730 branches and 226 part-time agencies. Future efforts will enhance regulation, professional capabilities, and digitalisation in the part-time agency channel.
EnforcementInvestigations & enforcement actionsSupervision process and methodologies
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2026-02-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) held a symposium in Beijing to discuss the capital market component of China’s 15th Five-Year Plan, focusing on risk prevention, stronger regulation, and high-quality development. Key reforms will leverage the STAR Market and ChiNext to deepen investment and financing reform and enhance market openness. Participants emphasized improving market functions, investor protection, and cross-border investment facilitation to align with international standards.
Policy & regulationReform agendas & prioritiesMarket development
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2026-02-27•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia has prohibited peer-to-peer transactions using Birr as the paired currency on trading platforms unless explicitly authorized, and banned Birr-denominated P2P cryptocurrency trading. The notice highlights risks such as volatility, fraud, and lack of regulatory safeguards, while work continues on a comprehensive regulatory framework for digital assets.
Policy & regulationRules & requirementsTradingConsumer and investor protection
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2026-02-27•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) has withdrawn MBaer Merchant Bank AG’s banking licence and ordered its liquidation after the bank withdrew its appeal. FINMA cited serious anti-money laundering failures, including inadequate due diligence and risk management, and has opened additional proceedings against individuals for potential supervisory-law breaches. Separately, the US Financial Crimes Enforcement Network identified the bank as a primary money laundering concern under the USA PATRIOT Act, with proposed measures subject to public consultation.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
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2026-02-27•Norway•Department of Finance (Norway)
Norway's Ministry of Finance has tasked Norges Bank with analyzing the Government Pension Fund Global's bond investment strategy and assessing geopolitical and concentration risks in its equity portfolio. The Expert Council is assigned to review the investment strategy foundations, focusing on bond investments, using a six-step framework from its 2025 report.
Policy & regulationImplementation, projects & pilots
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2026-02-27•Norway•Department of Finance (Norway)
Norway's Department of Finance will host a conference with Norges Bank on 2-3 March 2026 to discuss the provision governing monetary policy, as part of its ongoing framework evaluation. This conference follows a call for written submissions and precedes a written evaluation from Norges Bank expected in March. The department plans to complete the evaluation and announce any changes by autumn 2026.
Policy & regulationCooperationMonetary policy decisions and developments
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2026-02-27•Tanzania•Tanzania Insurance Regulatory Authority
At the 2026 Fintech Tanzania Annual Conference, the Tanzania Insurance Regulatory Authority (TIRA) highlighted its use of modern technology to enhance insurance access and address service availability challenges. TIRA emphasized digital systems like TIRAMIS and ORS for improved customer access, distribution, innovation, and compliance. The authority also aims to collaborate with fintech stakeholders and engage youth through new platforms for innovation and opportunities in the insurance sector.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2026-02-27•Australia•Reserve Bank of Australia
The Reserve Bank of Australia reported total credit increased by 0.5% in January 2026 and 7.7% year-on-year, while broad money rose by 0.6% for the month and 7.4% annually. Housing credit grew by 0.6%, personal credit by 0.2%, and business credit by 0.5% in January, with business credit defined as lending to non-financial businesses. Growth rates are seasonally adjusted and revised due to resubmitted data, re-estimated seasonal factors, and securitisation data.
Data & statisticsMonetary data
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2026-02-27•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency announced its schedule for Community Reinvestment Act evaluations for the second and third quarters of 2026, detailing the national banks and federal savings associations to be examined. Public comments on CRA-related activities are invited and will be considered if submitted before the evaluations.
SupervisionReviews, inspections & stress testsOther
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2026-02-27•Russia•Central Bank of Russia
The Central Bank of Russia reported a net inflow of RUB 230 billion into individual investment accounts (IIAs) in 2025, a 3.7-fold increase from the previous year, with total assets reaching RUB 888 billion. Contributions peaked at RUB 103 billion in Q4, driven by a shift from bank deposits to IIAs amid declining returns. Type 3 IIAs grew through new agreements, with portfolio growth fueled by fresh contributions, positive revaluation of Russian securities, and increased investment in ruble bonds and equities.
Data & statisticsActivity and performance reporting
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2026-02-27•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
FINMA confirmed the liquidation of MBaer Merchant Bank AG after the bank withdrew its appeal against the licence withdrawal and liquidation order. Serious anti-money laundering deficiencies and risk management failures were identified, leading to asset freeze circumventions. FINMA has initiated proceedings against individuals for potential breaches, while the US Financial Crimes Enforcement Network recommended measures under the USA PATRIOT Act, assessing the bank as a primary money laundering concern.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
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2026-02-27•Mauritius•Bank of Mauritius
The Bank of Mauritius has signed a Memorandum of Understanding with the Reserve Bank of India Innovation Hub to foster cooperation on innovation in the banking and financial sector. The agreement focuses on knowledge sharing, technical assistance, and joint initiatives, particularly in emerging technologies for banking and payment solutions. Working groups will be established to identify priorities and develop joint work plans.
Policy & regulationCooperationFintech and insurtechCross-border cooperation
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2026-02-27•Germany•BaFin
BaFin has partially withdrawn its 15 June 2023 order allowing post-trade transparency deferrals for certain non-equity transactions, with permissions ending on 2 March 2026 for bonds, structured finance products and emission allowances but remaining for derivatives. BaFin cites the MiFID II/MiFIR review and Delegated Regulation (EU) 2025/1246, which introduces directly applicable, uniform deferral conditions for these instruments from that date, as the basis for aligning national practice with the revised RTS 2 framework.
Policy & regulationRules & requirementsMarket infrastructure
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2026-02-27•Germany•BaFin
The Federal Financial Supervisory Authority (BaFin) has issued a general order partially revoking its 15 June 2023 decision permitting post-trade transparency publication deferrals for certain over-the-counter transactions in non-equity instruments. From 2 March 2026, national deferrals for debt instruments, structured finance products and emission allowances will be withdrawn to align with the revised MiFIR Regulatory Technical Standards 2 framework, while the 2023 order remains in force for derivatives pending further RTS 2 changes.
Policy & regulationRules & requirementsMarket infrastructure
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2026-02-27•Brazil•Central Bank of Brazil
The Central Bank of Brazil published its Fiscal Statistics, incorporating data updated through January 2026.
Data & statisticsFinancial and market indicators
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2026-02-27•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles clarified its supervision of shareholding changes in licensed banks, emphasizing comprehensive assessments under the Financial Institutions Act 2004. It highlighted the confidentiality of regulatory reviews and warned against speculation affecting financial stability. The domestic banking sector remains stable, with relevant communication to follow post-regulatory decisions.
Policy & regulationGuidance & interpretationCorporate governance
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2026-02-27•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank reported on the withdrawal of Bulgarian lev banknotes and coins and the release of euro cash, confirming adherence to the current regulatory framework. As of 27 February 2026, BGN 3.9 billion in lev remained outside the bank's holdings, with 87% of lev withdrawn since early 2025. Net euro banknotes and coins in circulation surpassed EUR 7.5 billion.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-02-27•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria released data on average fees charged by banks for current account services as of 31 December 2025. This information aids in setting acceptable fees for basic payment account operations under the Law on Payment Services and Payment Systems.
Data & statisticsBNPL
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2026-02-27•Global•World Federation of Exchanges
The World Federation of Exchanges reported a robust performance in public markets in H2 2025, with global equity market capitalisation rising 18.5% to USD 151.94 trillion and trading value increasing 36.8% year-on-year. IPO activity saw 1,471 listings globally, with proceeds up 42.7%, despite a decline in EMEA. Exchange-traded derivatives volumes fell 47.1%, driven by a 57.1% drop in options, while futures rose 4%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-27•Global•International Monetary Fund
The International Monetary Fund released a table identifying members with Article IV consultations delayed by over 18 months as of December 31, 2025, in accordance with its framework for managing such delays.
Data & statisticsOther
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2026-02-27•Central African Republic•Securities and Exchange Commission of Central Africa
The Securities and Exchange Commission of Central Africa took part in a BEAC and IMF seminar in Yaounde on central bank digital currencies and crypto-asset regulation. The discussions focused on financial stability, legal and market implications, and regional coordination among CEMAC regulators. COSUMAF said it will contribute to work on a harmonized digital asset framework for the subregion.
Policy & regulationCooperation
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2026-02-27•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has signalled its intention to launch the next Life Insurance Stress Test in January 2028, continuing its regular stress testing of the UK life insurance sector. It will use lessons from LIST 2025, including feedback on disclosures, simplifications and evolving sector risks, to inform the design, scope and methodology of the 2028 exercise, with further details expected in Q4 2026.
SupervisionReviews, inspections & stress testsStress testing
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2026-02-27•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance, with the Central Bank of Bolivia (BCB), declared that boliviano banknotes from an air accident in El Alto are not legal tender. The BCB emphasized these notes were not "monetised" as they weren't authorized for circulation. The public is warned against using these notes, as possession or commercialization is a criminal offence, and urged to return any recovered notes to BCB offices or financial institutions.
Policy & regulationGuidance & interpretationCurrency and cash management
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2026-02-27•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision updated its list of entities under the Single Supervisory Mechanism, confirming 112 significant institutions directly supervised by the ECB. The update includes restructurings and status changes, such as mergers and renamings, affecting entities like Arkéa ProCapital Services and ABANCA Portugal, S.A. Additionally, Sparkasse Haugsdorf AG was authorized as a credit institution and classified as significant within Erste Group Bank AG.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2026-02-27•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) has partially revoked its June 2023 order allowing deferred post-trade publication for certain non-equity instruments, effective 2 March 2026 for bonds, structured finance products, and emission allowances. This aligns with the MiFID II and MiFIR Review and the revised RTS 2, which standardizes deferral conditions. The 2023 deferral regime remains for derivatives as relevant RTS 2 provisions are yet to be updated.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-02-27•Germany•BaFin
Germany's BaFin has partially withdrawn permission for investment firms to defer post-trade publication of OTC transaction details for bonds, structured finance products, and emission allowances under the MiFIR transparency regime, effective 2 March 2026. This change aligns with the EU MiFID II and MiFIR review and revised Regulatory Technical Standards on transparency. Deferral permission remains for derivatives under MiFIR transitional provisions until further amendments.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-02-27•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) amended its master circular to revise norms for appointing independent third-party reviewers for green debt securities, aligning with its ESG debt securities framework. Issuers must appoint reviewers to assess compliance with green debt definitions and disclose reviewer details in offer documents. The changes are effective immediately.
Policy & regulationRules & requirementsESG
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2026-02-27•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency has amended its tariff of fees and compensations, effective 28 February 2026, to align with the new Individual Investment Accounts Act. The Act authorizes the Agency to register and supervise providers of individual investment accounts. The revised tariff also includes fees for supervisory measures under EU Regulation 2023/1113 and the Digital Operational Resilience Act (DORA).
Policy & regulationRules & requirementsRegulatory burden
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2026-02-27•Romania•National Bank of Romania
The National Bank of Romania alerted about a deepfake-enabled fraud using Governor Mugur Isarescu's image to promote a fake investment scheme. The campaign falsely claims a partnership with Florin Talpes of Bitdefender and directs users to the fraudulent site romania-investition.info. The central bank emphasized it does not make investment recommendations and urged the public to report interactions with such materials to authorities.
SupervisionAlertsFraud and scams
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2026-02-27•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets approved a draft law to align joint-stock company and capital market legislation with EU rules, including transposing several EU directives. Key measures involve frameworks for multiple voting shares, enhanced shareholder rights, and expanded transparency for issuers and investors. Additionally, the Commission made authorisation and supervisory decisions, including registering securities for SALUBRITATE GRUP and addressing compliance issues with non-bank creditors and insurers.
Policy & regulationRules & requirementsCorporate governanceConsumer and investor protection
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2026-02-27•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets Chair, Dumitru Budianschi, stressed financial education's importance at the Business Smart Education conference, linking it to investor protection and capital market development. He advocated integrating financial literacy into education and provider ethics, highlighting innovation and digital infrastructure's role in enhancing financial system efficiency.
Financial literacy & educationFinancial literacy and education
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2026-02-27•Guernsey•Ministry of Finance (Guernsey)
Guernsey's Policy & Resources Committee is consulting on a framework to allow legitimate interest access to beneficial ownership information of Guernsey companies, enhancing transparency while restricting access to those involved in combating financial crime. The proposal includes a secure application process managed by The Guernsey Registry, with safeguards on disclosure and data use, aligning with international and EU standards.
Policy & regulationRules & requirementsBeneficial ownership
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2026-02-27•Georgia•National Bank of Georgia
The National Bank of Georgia released its February Current Macroeconomic Review and Financial Sector Review to improve public access to analytical data and support economic analysis. The reviews are accessible on the bank's website.
ResearchEconomic data and developmentsFinancial and market indicators
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2026-02-27•Iceland•Ministry of Finance and Economic Affairs (Iceland)
Iceland’s Ministry of Finance and Economic Affairs has released draft legislation proposing amendments to expand pension funds' investment permissions. The draft aims to enhance the application of existing rules and strengthen the investment framework, omitting previously considered changes to actuary-related provisions.
Policy & regulationRules & requirementsOther
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2026-02-27•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) issued an opinion clarifying which procedures are deemed "restructuring or insolvency proceedings" under Belgian law for the Prospectus Regulation. This aims to support exemptions from prospectus publication obligations introduced by the Listing Act. The FSMA's interpretation is interim, pending guidance from the European Securities and Markets Authority.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-02-27•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority warns consumers about gold purchases due to price volatility, highlighting risks from questionable providers and opaque sales models. The FMA advises caution regarding large discounts, delivery promises, and non-transparent practices, noting costs and lack of income from gold holdings. It emphasizes anti-money laundering requirements for transactions over EUR 10,000 for gold dealers and EUR 15,000 for financial institutions.
SupervisionAlertsConsumer and investor protectionAML and CFT
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2026-02-27•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority will host a roundtable on 10 March to discuss the securities issuance market, following a new law effective 1 March 2026 criminalizing unauthorized financial business activities. The law raises questions about its application to certain activities, such as issuance guarantees. Participants include market players, industry bodies, and the Swedish Bar Association.
Policy & regulationImplementation, projects & pilotsCarbon marketsMarket development
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2026-02-27•Spain•Bank of Spain
The Bank of Spain's 2025 balance of payments report shows a financing capacity of 4% of GDP (EUR 67.4bn), down from 4.3% in 2024. The current account surplus decreased to 2.9% of GDP (EUR 48.7bn), while the capital account remained stable at 1.1% of GDP (EUR 18.7bn), influenced by the Next Generation EU programme. The financial account excluding the Bank of Spain fell significantly to 2.0% of GDP (EUR 32.9bn) from 8.3%, primarily due to a shift in "other investment."
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has updated its Technical Guidance Manual and Consistency Rules for Validation of Accounting Trial Balances to align with PREVIC Ordinance 1071/2025. Closed pension funds must resubmit January 2026 trial balances by 30 April, reflecting changes such as the accounting planification tree identifier update from “6” to “7” in the XML header.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-02-27•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) initiated a survey of 50 closed supplementary pension entities to assess the impact of an exceptional extension for addressing 2022 funding deficits, as outlined in CNPC Resolution No. 58/2023. The survey aims to evaluate the resolution's effectiveness and its broader impacts on the pension system and society. Participating entities received guidance via Circular Letter No. 11/2026.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert about fraudulent websites, phishing emails, and other scams involving The Bank of East Asia, Limited and Chong Hing Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-02-27•Europe•European Banking Federation
The European Banking Federation backs the European Commission's proposal to simplify sustainability disclosures under a revised SFDR, endorsing a three-category product classification and retail-focused system. It urges the MiFID and IDD frameworks to cover all financial instruments, coherence between SFDR 2.0 and related regulations, integration of sovereign bonds into sustainable categories, clarification of use-of-proceeds instruments, and guidelines for ESG data providers.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2026-02-27•Armenia•Central Bank of Armenia
The Central Bank of Armenia released a data template on international reserves and foreign currency liquidity under the Special Data Dissemination Standard (SDDS) to evaluate Armenia's foreign exchange position. It details foreign currency claims and obligations, expected inflows and outflows, and includes government external drains, structured into four sections covering resources, predetermined and contingent short-term drains, and supplementary memo items.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Rockwell Land Corporation's debt securities program, allowing a shelf registration of up to PHP 20 billion in fixed-rate bonds. The initial tranche will offer up to PHP 7 billion in bonds, with an oversubscription option of PHP 3 billion, to fund residential and commercial projects. BDO Capital & Investment Corporation and First Metro Investment Corporation are joint issue managers, with PNB Capital and RCBC Capital Corporation as joint lead underwriters.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-02-27•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Haus Talk, Inc.'s registration for a fixed-rate retail bond offering of up to PHP 2 billion, contingent on meeting remaining requirements. The offering includes a base tranche of PHP 1 billion and an oversubscription option of up to PHP 1 billion, with proceeds earmarked for land banking, project developments, and general corporate purposes. Security Bank Capital Investment Corporation is managing the issuance, underwriting, and bookrunning.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-02-27•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan met with a World Bank Group delegation to discuss enhancing bilateral cooperation and expanding access to finance for SMEs. The discussions highlighted previous collaboration on banking stability, corporate governance, risk management, and digital financial services. Future cooperation will focus on compliance frameworks, SME financing, green finance, and digitalisation.
Policy & regulationCooperationLeadership change and appointments