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2026-02-27•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has set 2026 priorities for bank supervision, focusing on the new Banking Law, risk management, and prudential regulation. Initiatives include updating financial technology regulations, expanding Islamic finance, improving corporate governance, conducting liquidity stress tests, enhancing model risk management, strengthening cyber resilience, and advancing consumer protection through comprehensive conduct supervision and unified conduct risk assessment.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-02-27•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has set 2026 priorities for the microfinance sector, focusing on risk-based stability and transparency. Measures include risk management systems, self-regulation, proportional regulation, consumer protection, digitisation, and thematic inspections, with a shift to a two-tier supervisory system involving self-regulatory organisations.
SupervisionSupervision approach, priorities & toolkitOther
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2026-02-27•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has set 2026 priorities for insurance supervision, focusing on supervisory effectiveness and transparency. Initiatives include a 2030 insurance market programme, expanding compulsory insurance, aligning legislation with Solvency II, implementing a new supervisory model, and conducting risk assessments using consumer-complaint indicators and IFRS 17 compliance.
Policy & regulationReform agendas & prioritiesSupervision process and methodologies
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2026-02-27•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus initiated its first institutionalised dialogue with the Cypriot business community to enhance policy formulation and cooperation. The meeting addressed sector challenges, growth drivers, structural reforms, and the impact of artificial intelligence. Future dialogues with other economic stakeholders are planned, with outcomes to be published.
Policy & regulationCooperationOther
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2026-02-27•Canada•Canadian Bankers Association
The Canadian Bankers Association submitted a paper to the Competition Bureau's market study on SME financing, highlighting broad access to debt finance and rising bank credit supply to SMEs. It recommends reducing entry barriers for smaller banks, adjusting capital adequacy treatment, and expanding data-sharing policies. The submission also notes upcoming legislative amendments and OSFI's pilot fast-track approvals framework for innovative banking models.
Policy & regulationOtherSME financing
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2026-02-27•Canada•Canadian Bankers Association
The Canadian Bankers Association released an explainer on homeownership and responsible borrowing, highlighting that as of December 2025, the national mortgage arrears rate for payments overdue by 90 days or more was 0.26%. The report notes that while arrears rates have slightly increased, they remain near historic lows and below those in the U.S. and U.K. It also outlines bank support options for borrowers, including flexible repayment arrangements and credit counselling referrals.
Financial literacy & educationLendingConsumer and investor protection
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2026-02-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) released examples of good and poor practices in pre-contractual disclosures for funds using Sustainability Disclosure Requirements (SDR) labels. The guidance highlights the importance of clear, concise, and accurate disclosures that reflect fund investments and meet labelling requirements. It emphasizes the need for specific objectives, robust standards, and measurable outcomes, noting that the examples are illustrative and not a substitute for SDR rules and guidance.
Policy & regulationGuidance & interpretationDisclosures
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2026-02-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines amended its anti-money laundering and counter-terrorism financing regulations, requiring enhanced due diligence (EDD) for cash payouts over PHP 1,000,000. EDD applies to single or multiple transactions within one banking day, based on a risk assessment of the customer’s profile and transaction patterns. Institutions must file a suspicious transaction report if EDD cannot be completed or risks tipping off the customer.
Policy & regulationRules & requirementsKYC
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2026-02-27•Russia•Central Bank of Russia
The Central Bank of Russia said it identified more than 7,000 financial pyramids and other fraud schemes in 2025, most of them online and many linked to cryptoasset offers and cryptocurrency payments. It also found more than 4,600 cryptocurrency wallets used to collect victims’ funds and secured the blocking of 21,500 online resources. Referrals to enforcement and other authorities led to more than 400 civil lawsuits and over 650 response measures.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-02-27•Russia•Central Bank of Russia
The Central Bank of Russia has appointed Andrey Popov as Head of the Volga-Vyatka Main Branch, effective 3 March 2026. Popov, with nearly 30 years at the bank, will be succeeded by Deputy Director Pavel Levin as Acting Director of the Market Services Department.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-02-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) reported a 26% decline in counterfeit euro banknotes in the Netherlands in 2025, with 17,900 notes withdrawn, primarily EUR 50 notes. The decrease is attributed to reduced cash usage, enhanced authenticity checks, and increased law enforcement efforts. Globally, counterfeit euro notes fell by 20% to 444,000 in 2025, with DNB emphasizing the importance of watermarks, holograms, and detection devices for verification.
Data & statisticsCurrency and cash management
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2026-02-27•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority has implemented five clinical edits to the NPHIES medical coding system. The edits will validate diagnostic data, block inaccurate transmissions and check billing eligibility, active dates, gender, age and principal diagnosis requirements.
Policy & regulationImplementation, projects & pilotsComplianceData management
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2026-02-27•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority issued two amending executive orders deferring Corporate Sustainability Reporting Directive (CSRD) requirements for firms no longer within the directive’s scope due to EU changes. These amendments postpone sustainability reporting for certain entities for financial years 2025 and 2026. New accounting orders will require only financial firms with over 1,000 employees and net turnover above EUR 450 million to report from 2027.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2026-02-27•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) reported a 1.2% decrease in counterfeit euro banknotes in Austria for 2025, with estimated losses from counterfeits down 9.0% to EUR 610,870. The OeNB also highlighted its initiative to install cash machines in rural areas lacking ATMs or bank branches and summarized the European Central Bank's timeline for a new euro banknote series, with design submissions due by March 2026 and a public vote later that year.
Data & statisticsFraud and scams
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2026-02-27•Germany•German Bundesbank
The German Bundesbank reported a decline in counterfeit euro cash in 2025, with nearly 68,000 fake banknotes detected, a 6.1% decrease from the previous year, and financial losses reduced to EUR 4 million. EUR 50 notes accounted for half of all counterfeit banknotes, while EUR 200 counterfeits fell by 49%. The Bundesbank also withdrew approximately 128,100 counterfeit coins, primarily EUR 2 coins, marking a 9.3% decrease.
Data & statisticsCurrency and cash management
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2026-02-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has mandated all Bangko Sentral-Supervised Institutions to adopt updated display and communication measures for the Financial Sector Forum's Protect Your Money campaign. Institutions are required to display refreshed PYM materials in both print and digital formats and disseminate related content through official channels, adhering to the specified guidelines.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2026-02-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that the Exchange Fund's total assets reached HKD 4,285.6 billion as of 31 January 2026, an increase of HKD 134.2 billion from the previous month. The Monetary Base rose by HKD 18.7 billion to HKD 2,058.7 billion, with a Backing Ratio of 110.74%. Foreign currency assets increased by HKD 107.0 billion, while Hong Kong dollar assets grew by HKD 27.2 billion.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released data on the region's foreign currency reserves and liquidity for January 2026, following the International Monetary Fund's Special Data Dissemination Standard. The HKMA issues four monthly Exchange Fund data press releases, including IMF SDDS monetary data and the Exchange Fund's balance sheet and Currency Board Account.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority's January 2026 residential mortgage survey indicates increased mortgage activity, with applications up 15.4% and approved loans rising 4.1% to HKD 32.5 billion. Outstanding mortgage loans grew 0.3% to HKD 1,923.4 billion, while delinquency indicators remained low. New mortgage pricing saw a slight shift, with HIBOR-referenced pricing decreasing and best lending rate-referenced pricing increasing.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported a 0.1% decline in total deposits and a 1.1% rise in total loans and advances for January 2026. Hong Kong dollar deposits increased by 1.3%, while foreign currency deposits fell by 1.1%, influenced by corporate fund flows. The HKMA noted that monetary aggregates showed mixed monthly changes but emphasized the importance of viewing these figures in the context of longer-term trends.
Data & statisticsMonetary data
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2026-02-27•Global•Financial Action Task Force
The Financial Action Task Force (FATF) highlighted the need to enhance the risk-based approach (RBA) and supervision at its London forum. Discussions centered on aligning public and private resources to target high-risk areas, fostering trust, and leveraging partnerships and technology for better reporting and supervision. The forum aims to guide a roadmap for global RBA implementation and supervision improvements.
Policy & regulationGuidance & interpretationAML and CFT
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2026-02-27•United Kingdom•HM Treasury
HM Treasury appointed Katharine Braddick as the next Bank of England Deputy Governor for Prudential Regulation and Chief Executive of the Prudential Regulation Authority, effective 1 July 2026. Braddick will oversee the PRA’s supervision of financial institutions and participate in key committees, succeeding Sam Woods. The appointment aligns with government expectations for regulatory focus on resilience, growth, and competitiveness, highlighting recent PRA initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-02-27•Canada•Alberta Securities Commission
The Alberta Securities Commission has issued a Notice of Hearing against 2307755 Alberta Ltd. and its director Daniel Rodolfo Astete for allegedly conducting illegal securities distributions related to a Calgary real estate crowdfunding project. The allegations include raising CAD 500,000 without a prospectus and paying CAD 21,000 to Astete, violating National Instrument 45-110. These allegations remain unproven, with a hearing date to be set on April 8, 2026.
EnforcementInvestigations & enforcement actionsCrowdfunding
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2026-02-27•Chile•Central Bank of Chile
The Central Bank of Chile has established an 80% investment cap for pension funds and the Autonomous Fund for Pension Protection on overseas investments and sovereign instruments, as part of Chile’s pension reform. These limits aim to support financial stability by mitigating risks from sudden pension portfolio shifts affecting markets. The central bank will review these limits once the new Generational Funds investment regime is implemented.
Policy & regulationRules & requirementsPrudential risksFinancial stability and systemic risk
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2026-02-27•Portugal•Bank of Portugal
The Bank of Portugal reported a 20% decrease in counterfeit euro banknotes seized in 2025, totaling 8,839, which represents 2% of total seizures in the euro area and third countries. The €20 and €50 denominations were the most counterfeited, comprising 70% of detections in Portugal. Counterfeiting remains low, with 14 counterfeits per million genuine banknotes in circulation, one of the lowest levels since the euro's introduction.
Data & statisticsOther
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2026-02-27•Portugal•Bank of Portugal
The Bank of Portugal issued a warning that Bernardo Sangaie is not authorised to conduct any financial activities in Portugal, including payment services like money remittance. Under the Legal Framework for Payment Services and Electronic Money, only authorised entities may provide such services.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-02-27•Portugal•Bank of Portugal
The Bank of Portugal issued a warning that Braima Seidi is not authorised to conduct any financial activities, including payment services, in Portugal. The alert emphasizes that only entities authorized under the Legal Framework for Payment Services and Electronic Money can provide such services.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-02-27•Namibia•Bank of Namibia
The Bank of Namibia said Namibia’s Instant Payment Solution has completed core banking integration testing and is now in user acceptance testing. Pilot use for existing banked social grant beneficiaries is planned in the next few weeks, ahead of a wider shift from cash grant payments to account- or wallet-based disbursement. Additional payment use cases are to be rolled out in phases over the next 18 months.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-02-27•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) reports that banks' deposit interest margins have risen with policy rate hikes, inadequately protecting consumers due to regulatory gaps. Analyzing ten banks, it finds significant rate variations hindering rate pass-through. Finanstilsynet suggests statutory customer advice and a "reciprocity principle" for rate adjustments, with further follow-up planned.
SupervisionReviews, inspections & stress testsLendingConsumer and investor protection
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2026-02-27•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority found OBOS-banken AS's control environment satisfactory but noted weaknesses in corporate governance, risk management, and compliance. Issues include risk model documentation, IFRS 9 loss provisioning, and Loan Intermediation Act non-compliance. The board is expected to address these, improve risk reporting, and enhance customer treatment and complaints handling.
SupervisionReviews, inspections & stress testsRisk managementSupervision process and methodologies
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2026-02-27•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) held United Global Capital and Next Generation Advice responsible for consumer losses from the Shield and First Guardian Master Funds collapses. Next Generation Advice gave inappropriate advice, causing a direct loss of about AUD 180,000, while United Global Capital failed to act on redemption instructions, resulting in a further loss of about AUD 36,000. This decision is part of AFCA's efforts to expedite similar complaint resolutions.
SupervisionInterventions
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2026-02-27•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia reported on a preparatory meeting for the “European Money Quiz 2026” national competition, organised with the Macedonian Banking Association and the Securities and Exchange Commission of the Republic of North Macedonia. Organisers noted record participation, with 1,276 students from 109 schools registered and supported by 127 teachers, marking the eighth edition of the national competition.
Financial literacy & educationFinancial literacy and education
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2026-02-27•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia reported that foreign exchange reserves rose to EUR 4,925 million by end-December 2025, increased further in January 2026, and remain adequate to support exchange rate stability, with investments in high credit-rating debt securities, monetary gold, and deposits and cash. The Council noted that domestic macroeconomic developments, including 3.8% real GDP growth in the third quarter of 2025, 4.1% average inflation in 2025, and stronger-than-projected deposit and loan growth, broadly aligned with projections amid a global baseline of stable growth but with downside risks from trade and geopolitical tensions.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary data
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2026-02-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1115, introducing a new Periodic Information Regime to simplify issuer disclosures and recalibrate reporting obligations. Key changes include reducing historical data requirements, removing duplicative disclosures, and clarifying filing timelines. The resolution also offers SMEs with a PyME Certificate the option to use Argentine accounting standards and adjusts reporting requirements for issuers under automatic authorisation regimes.
Policy & regulationRules & requirementsRegulatory reporting
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2026-02-27•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority hosted the second Global Securities Markets Conclave at GIFT City, focusing on cross-border investment and AI. Key developments included MoUs between the Taiwan Stock Exchange, India INX, NSE IX, AFRINEX, and the Colombo Stock Exchange to enhance market connectivity, and the launch of the first KYC Registration Agency in the IFSC. Discussions covered AI-driven market surveillance, 24×7 trading, distributed ledger technology, and climate finance.
Policy & regulationCooperationCross-border cooperationMarket development
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2026-02-27•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia's IMF Special Data Dissemination Standard disclosure for end-January 2026 details Malaysia's international reserves and foreign currency assets. Official reserve assets were USD126,874.1 million, with short-term outflows of USD10,611.3 million and net short forward positions of USD21,178.5 million. The only contingent short-term net drain was USD847.2 million in government guarantees of foreign currency debt.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance (SSN) introduced a Data Collection and Exploitation model to improve insurance supervision with timely information and early-warning alerts. It features microservices for data submission and new reporting systems, including the Comprehensive Claims Information and Analysis System (SINIAS) and the RI system for financial data. This initiative aims to replace legacy systems and support new statistical reports and dashboards.
SupervisionInnovation & testingSupervision process and methodologiesRegtech and suptech
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2026-02-27•Thailand•Thailand Securities & Exchange Commission
Thailand's SEC has warned the public and launched investigations into fraudsters impersonating securities companies via mobile apps. The SEC is working with Google to block these scam apps and has listed them on its Investor Alert system. Investors should verify solicitations, be cautious of high returns, and use the SEC's Investor Alert and SEC Check First tools.
SupervisionAlertsFraud and scams
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2026-02-27•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau of Hong Kong announced the reappointment of Mr Chan Kin-por and Mr Herbert Chia Pun-kok, and the appointment of Mr Clement Chan Kam-wing to the Board of Directors of Hong Kong Exchanges and Clearing Limited (HKEX). Effective from the conclusion of HKEX’s 2026 Annual General Meeting, these appointments will last until the 2028 AGM, made under Section 77 of the Securities and Futures Ordinance.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2026-02-27•Colombia•Central Bank of Colombia
The Central Bank of Colombia has issued External Resolution 1 to mint a COP 20,000 commemorative coin for the 100th anniversary of the novel “La Vorágine” by José Eustasio Rivera Salas. The resolution details the coin's characteristics.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-27•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Q4 2025 report shows a current account deficit of USD 3,912 million (3.1% of GDP) and net capital inflows of USD 3,471 million (2.7% of GDP). The deficit was mainly due to a USD 4,457 million shortfall in goods and services and a USD 3,680 million deficit in factor income, partially offset by USD 4,224 million in net current transfers. The net international investment position at year-end was -USD 200,403 million, representing 43.7% of GDP.
Data & statisticsBalance of payments and other external statistics
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2026-02-27•Canada•Bank of Canada
The Bank of Canada has issued a revised temporary order allowing XTM Inc. to resume retail payment activities under specific terms. This resumption is supervised by a Monitor appointed by the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act.
SupervisionAuthorisations & approvalsCompliance
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2026-02-27•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Elizabeth Warren, criticized the U.S. Treasury Department's response to their inquiry on changes to the Corporate Transparency Act (CTA) implementation. They argued that the Treasury failed to address concerns about the impact of narrowing CTA reporting on combating money laundering through shell companies. The senators highlighted the importance of the CTA in providing law enforcement with beneficial ownership information and cited warnings and cases underscoring the risks of reduced transparency.
Policy & regulationOtherAML and CFTBeneficial ownership
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2026-02-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for January 2026, now accessible on its website.
Data & statisticsSupervisory data
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2026-02-26•Italy•Bank of Italy
The Bank of Italy released a speech by Managing Director Gian Luca Trequattrini on "Banking consolidation: competition, stability and innovation," presented at the Italian Antitrust Association conference in Rome. The speech text is available in Italian.
Policy & regulationReform agendas & prioritiesMarket development
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2026-02-26•India•Reserve Bank of India
The Reserve Bank of India amended its Non-Banking Financial Companies – Miscellaneous Directions to establish a private placement framework for the National Urban Co-operative Finance and Development Corporation Limited (NUCFDC). This allows NUCFDC to offer equity shares privately to over 200 persons annually, subject to conditions including a board-approved resource planning policy and restrictions on loan activities. The directions are effective immediately and will remain until March 31, 2029, unless altered by the Reserve Bank.
Policy & regulationRules & requirementsOther
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2026-02-26•Croatia•Croatian National Bank
The Croatian National Bank hosted a visit by Single Resolution Board members to discuss the Croatian banking system's situation and resolution issues. The visit included meetings with leading Croatian banks' management board presidents.
SupervisionCooperationRecovery and resolution
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2026-02-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released materials for the 69th Financial Trouble Liaison and Coordination Council, focusing on the implementation of complaint-handling and dispute-resolution processes by designated institutions. The documents include data on consultations, complaints, and disputes, as well as trends and efforts to improve user satisfaction.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2026-02-26•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has suspended trading in EKOPAK NV financial instruments on Euronext Brussels at the company's request. Trading was halted on 26 February 2026 at 14:36 CET and will remain suspended until a press release is issued.
SupervisionInterventionsTrading
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2026-02-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has fined a group of Kyrgyz citizens KGS 17,500 each. The individuals were identified by initials in the official notice.
EnforcementInvestigations & enforcement actionsOther
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2026-02-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic suspended the exchange bureau licences of BelNur LLC and Arsen Exchange LLC from 24 to 28 February 2026. The suspension was due to violations of Kyrgyz legislation and National Bank regulations.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-26•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic conducted a financial literacy lecture at A. Abdykerimov secondary school in Naryn district, focusing on savings, money management, and financial fraud. The session also included guidance on using the Tunduk application for managing loan self-bans.
Financial literacy & educationFinancial literacy and education
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2026-02-26•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) released a supervisory synthesis on investment service providers' integration of clients' sustainability preferences under MiFID II and revised ESMA guidelines. The review of five providers revealed significant deficiencies, despite efforts to address sustainability preferences. The AMF identified good practices, like mandatory adviser training, and poor practices, such as inadequate final assessments and unclear criteria for client profiling.
SupervisionReviews, inspections & stress testsDisclosuresSupervision process and methodologies
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2026-02-26•Japan•Japan Financial Services Agency
Japan Financial Services Agency ordered Wilco Holdings Co., Ltd. to pay a JPY 27 million administrative surcharge due to false statements in securities reports, as recommended by the Securities and Exchange Surveillance Commission. The order follows trial proceedings and a draft decision under the Financial Instruments and Exchange Act.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2026-02-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency has ordered an overseas-resident individual investor to pay a JPY 2,810,000 surcharge for market manipulation involving an unlisted share of Daheiyo Metals Co., Ltd. This decision follows a recommendation from the Securities and Exchange Surveillance Commission and was adjudicated by a three-judge panel under Article 185-6 of the Financial Instruments and Exchange Act.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-02-26•Japan•Bank of Japan
The Bank of Japan's working paper analyzes how supply constraints affect Japan's inflation, noting tighter labor and material supplies elevate inflation through persistent cost channels and nonlinear effects. Ongoing constraints and accommodative financial conditions have raised inflation expectations, with further labor tightening potentially intensifying future pressures. Technological progress and improved labor mobility are suggested to alleviate these constraints.
Research
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2026-02-26•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) issued a supervisory briefing to harmonize algorithmic trading supervision under MiFID II across the EU. It provides National Competent Authorities with tools and expectations for supervising firms, addressing pre-trade controls, governance, testing frameworks, and AI-related risks. As a nonbinding tool, it complements existing requirements and may be updated as market and technological developments evolve.
Policy & regulationGuidance & interpretationArtificial intelligenceTrading
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2026-02-26•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo released January 2026 commercial banking statistics, showing total assets at EUR 9.61 billion, a 1.05% decrease from December. Gross loans were EUR 6.65 billion, and customer deposits stood at EUR 7.75 billion, both slightly declined. New loans issued amounted to EUR 173.48 million with a 6.90% interest rate, while new deposits totaled EUR 181.66 million at a 3.46% interest rate, resulting in a loan-to-deposit ratio of 85.90%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-26•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported a net decrease of EUR 851.2 million in total deposits for January 2026, reducing the outstanding stock to EUR 56.9 billion, with the annual rate of change easing to 5.3%. Total loans increased by EUR 76.4 million to EUR 26.9 billion, with the annual rate of change rising to 11.2%. Notably, deposits from Cyprus residents fell by EUR 767.7 million, while loans to residents increased by EUR 124.2 million.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-02-26•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission will hold a roundtable on March 4 to discuss private market valuations and "responsible retailization" as retail investor access to alternative investments increases. The event will explore the migration of private-market asset classes into publicly offered vehicles and fund governance issues related to retail investor exposure. SEC Division of Investment Management officials will moderate, with industry and professional services panelists.
Policy & regulationOtherValuation
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2026-02-26•United Kingdom•Bank of England
The Bank of England's Court of Directors approved the Business Case for the Monetary Policy Transformation Programme and governance actions, including senior staffing appointments. The Court received a positive National Audit Office review of the RTGS Renewal Programme, highlighting effective management and partnership with Accenture. Updates were also provided on UK retail payments infrastructure priorities and the establishment of a Retail Payments Infrastructure Board.
Institutional developmentGovernanceOperational excellence
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2026-02-26•United Kingdom•Bank of England
The Bank of England has disclosed previously redacted extracts from its 2023 Court of Directors minutes, detailing governance on technology transformation, major change programmes, staff culture, remuneration, and finances. This includes approvals for the Cloud Programme, Personal Financial Transactions policy, technology investment budgeting, finance systems modernisation, and Ernst & Young's appointment as external auditor.
Institutional developmentGovernanceOrganizational structure
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2026-02-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released a Q&A summary from Finance Minister Katayama's press conference, addressing US trade measures and the Japan–US agreement. Katayama highlighted Japan's monitoring of US tariff developments and the implementation of strategic investment initiatives under the agreement. He also discussed plans for a new fiscal framework to manage debt and secure resources for crisis-management investments.
Policy & regulationGuidance & interpretationOther
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2026-02-26•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released an English summary of Finance Minister Katayama’s post-Cabinet press conference, highlighting the Cabinet's decision to submit the FY8 budget proposal to the National Diet and the Prime Minister's call for cross-party cooperation. The minister refrained from commenting on the timing of enactment, emphasizing the need for cooperation to avoid disruptions. He addressed market-conduct cases, noting the unacceptability of recurring scandals and the Oversight Committee's efforts to enhance laws and regulations.
Policy & regulationReform agendas & prioritiesMarket abuse
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2026-02-26•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) will allow deferral of post-trade publication for certain Spanish sovereign debt transactions until the end of the trading day, under Article 11(3) of the Markets in Financial Instruments Regulation (MiFIR). This applies to Category 1 trades in liquid bonds as per EU regulations. The decision, effective 4 May 2026, aligns with the European Sovereign Debt Markets subcommittee and other national authorities.
Policy & regulationRules & requirementsRegulatory reporting
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2026-02-26•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has initiated a consultation on draft Regulatory Technical Standards for post-trade risk reduction services to qualify for an exemption from the European Market Infrastructure Regulation 3 clearing obligation for over-the-counter derivatives. The standards address transparency, algorithm safeguards, execution, controls, and monitoring for PTRR services, focusing on compression, portfolio rebalancing, and basis risk optimisation, aiming to prevent circumvention of the clearing obligation while aligning with existing market practices.
Policy & regulationRules & requirementsCCPsMarket infrastructure
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2026-02-26•Italy•Bank of Italy
The Bank of Italy has issued a warning about fraudulent online content using the name and image of Governor Fabio Panetta, including AI-generated "deepfake" media. The central bank emphasized that this material is fabricated and has filed a complaint with judicial authorities. The public is advised to rely on official channels for authentic communications and to disregard suspicious messages.
SupervisionAlertsFraud and scamsArtificial intelligence
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2026-02-26•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has amended the DFSA Rulebook to align with federal anti-money laundering legislation, effective 2 March 2026. Changes are made through the Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML) Rule-Making Instrument No. 435 and the Glossary Module (GLO) Rule-Making Instrument No. 436. Detailed amendments are in the notice appendices, with updated modules available on the DFSA website.
Policy & regulationRules & requirementsAML and CFT
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2026-02-26•Europe•European Central Bank
The European Central Bank released provisional year-end data for the Eurosystem’s consolidated balance sheet as of 31 December 2025, showing total assets and liabilities of EUR 6,293,325 million, down from EUR 6,420,536 million at end-2024. Key changes include a rise in gold and gold receivables to EUR 1,274,398 million and a decline in securities of euro area residents to EUR 4,063,958 million. The final consolidated balance sheet will be published in June.
Data & statisticsBalance of payments and other external statistics
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2026-02-26•Europe•European Central Bank
The European Central Bank released its Annual Accounts for 2025.
Data & statisticsAccounting and financial reporting
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2026-02-26•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico’s Ministry of Finance and Public Credit, via its Financial Intelligence Unit, signed an MoU with the U.S. IRS Criminal Investigation to enhance financial intelligence exchange. The agreement aims to improve detection and analysis of financial flows related to transnational crimes, particularly illicit arms trafficking, while aligning with FATF standards.
Policy & regulationCooperationCross-border cooperation
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2026-02-26•Europe•European Central Bank
The European Central Bank's Working Paper examines how bond funds transmit monetary policy through a market-based risk-taking channel, using data from over 5,000 bond funds in the U.S. and euro area. It finds that accommodative monetary policy by the Federal Reserve and ECB leads bond funds to adopt riskier portfolios, with a stronger effect from the Fed and more pronounced for unconventional policy. The analysis uses shadow rates and instrumental-variable methods, noting a significant impact on credit quality, particularly for longer-duration portfolios.
Research
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2026-02-26•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has instructed all commercial banks, including National Bank of Pakistan branches involved in customs collection, to open on 28 February 2026 to facilitate government duty and tax payments. Banks must also ensure continuous availability of digital platforms for online payments and support Special Clearing for government transactions by NIFT.
Policy & regulationRules & requirementsPayments and payment systems
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2026-02-26•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has suspended trading of WHAT’S COOKING GROUP's financial instruments (ISIN BE0003573814) on Euronext Brussels starting 26 February 2026 at 08:30 CET, pending a press release.
SupervisionInterventionsTrading
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2026-02-26•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has cancelled Private Wealth Pty Ltd’s Australian financial services licence following payments by the Compensation Scheme of Last Resort for unpaid Australian Financial Complaints Authority determinations. The cancellation, triggered by mandatory rules, requires Private Wealth to maintain AFCA membership until 5 February 2027 to allow for complaint lodgement.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-26•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) announced initiatives to enhance banks' climate risk management and sustainable finance, including the Indonesia–UK Strategic Partnership Working Group on Climate Financing. OJK released the Climate Risk and Banking Resilience Assessment, developed with the Australian government and Prospera, and the Indonesia Banking Sustainability Maturity Report 2025. The Indonesia Climate Banking Forum aims to coordinate authorities and the financial industry for sustainable policy direction.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2026-02-26•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish private customers' net interest expenses before tax rose to DKK 65.4 billion in 2025, an increase of DKK 1.8 billion from 2024. This rise was due to a larger drop in interest earned on deposits compared to the decline in interest paid on loans. The average interest rate on deposits fell by 0.69 percentage points, while loan rates decreased by 0.31 percentage points, with the net interest burden increasing as debt grew slightly more than deposits.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-02-26•Australia•Australian Securities & Investments Commission
The Australian Securities and Investments Commission (ASIC) announced a review of financial advice licensees using lead generation services, warning of potential enforcement actions for inappropriate superannuation switching practices. ASIC's update highlighted findings from its Review of SMSF establishment advice, revealing compliance failures in 62 out of 100 retail client files, and emphasized the need for improved complaint reporting and outsourcing governance. ASIC urged licensees to enhance breach reporting controls and risk management to fulfill their obligations.
SupervisionReviews, inspections & stress testsConsumer and investor protectionCompliance
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2026-02-26•Global•International Monetary Fund
The International Monetary Fund published a "Cabo Verde: Selected Issues" paper analyzing the country's monetary policy setting and transmission, focusing on the central bank policy rate and its impact on long-term interest rates and the financial services sector. The 39-page study employs econometric analysis to explore interest rate policy and the monetary transmission mechanism.
ResearchOther
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2026-02-26•Global•International Monetary Fund
The International Monetary Fund released the 2025 Article IV consultation materials for Cabo Verde, highlighting strong growth and stable macroeconomic conditions amid climate risks and global uncertainties. Economic growth is projected at 5.2% in 2025, with stable inflation around 2% and adequate international reserves. The report also notes upcoming legislative and presidential elections in 2026.
ResearchEconomic data and developments
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2026-02-26•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported January 2026 financial statistics for non-bank financial institutions, including other financial intermediaries, insurance companies, and pension funds. Other financial intermediaries' assets rose to EUR 755.97m, with gross loans at EUR 557.81m, while insurance companies' assets increased to EUR 363.87m. Pension fund assets reached EUR 3.86bn, primarily in shares and equity securities.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-26•Iraq•Central Bank of Iraq
The Central Bank of Iraq has achieved a milestone in reforming commercial and Islamic banks, with all banks submitting documents for review under three tracks: independent operation, merger, or market exit. Additionally, the Central Bank launched an initiative to enhance private banks' capacity for international trade by allowing eligible banks to resume cross-border transactions and issue documentary credits in multiple foreign currencies.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2026-02-26•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority has terminated the accreditation of Mr. Matthew Sai Leung Choi as the representative of NAGM(S) Limited, effective 23 January 2026, under section 4(1)(m) of the Financial Services Authority Act, 2013.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-02-26•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee Chairman Tim Scott praised progress in ending debanking and removing "reputation risk" from federal supervision during a regulatory oversight hearing. He advocated for balanced regulation, emphasizing capital requirements reflecting real-world risk and modernizing thresholds. Scott highlighted priorities like supporting mortgage lending, updating prudential tailoring categories, and advancing the GENIUS Act for digital assets and stablecoins.
Policy & regulationReform agendas & prioritiesPrudential risksRegulatory burden
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2026-02-26•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee Ranking Member Elizabeth Warren has initiated an inquiry into affordability, seeking details from President Donald Trump on strategies to reduce household costs and from Amazon on pricing decisions related to tariffs. Warren's letter to the President highlights inflation trends and requests explanations on cost-lowering policies and recent inflation drivers. The Amazon inquiry focuses on the impact of tariffs on pricing, potential price gouging, and the handling of tariff refunds.
Policy & regulationOther
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2026-02-26•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing where Elizabeth Warren requested an unredacted copy of World Liberty Financial's bank charter application from OCC Comptroller Jonathan Gould. Warren raised concerns about a UAE entity's 49% stake in WLF and compliance with OCC disclosure rules for principal shareholders. Gould stated he would review the request and consider providing the application to the Committee in camera.
SupervisionCooperationLicence approval
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2026-02-26•United States•U.S. Financial Services Committee
House Financial Services Committee Chairman French Hill praised Senate Majority Leader John Thune's filing of cloture on the Housing for the 21st Century Act, emphasizing the need for Senate-House collaboration to pass a bipartisan housing bill. The House approved the bill on February 9, 2026, following its introduction by Hill and others after hearings on housing supply constraints.
Policy & regulationRules & requirementsOther
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2026-02-26•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica has introduced a new Dynamic Financial Conditions Index (ICFD) to replace the existing Financial Conditions Index (ICF) in its publications. The ICFD, which includes 24 financial variables, uses a dynamic factor method to better capture persistence and reduce short-term volatility. Historical data from January 2000 will be available on the central bank's website, with the ICFD showing a correlation between declines and increased GDP growth and inflation.
Data & statisticsFinancial and market indicators
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2026-02-26•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority has registered Crédit Populaire d’Algérie and Tell Markets as stock exchange promoters under COSOB Regulation 23-04.
SupervisionAuthorisations & approvalsLicensing framework and processSecurities offerings and listings
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2026-02-26•Europe•European Banking Authority
The European Banking Authority (EBA) will start EU-level central validation of the ISDA Standard Initial Margin Model (SIMM) on 1 March 2026, as required by the amended European Market Infrastructure Regulation. The EBA's Decision details the operational framework, including onboarding procedures, governance, and cooperation with competent authorities and ISDA. Counterparties will be contacted for staged onboarding, with SIMM validation applications expected to begin in August 2026 and the first validation decision anticipated in Q4 2026.
Policy & regulationRules & requirementsMarket infrastructure
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2026-02-26•Peru•Superintendencia del Mercado de Valores de Peru
Peru's Superintendency of the Securities Market (SMV) released its 2026–2028 Digital Government Plan, outlining its institutional digital strategy. The plan is being shared internally and through external channels, including SMV social media and the Gob.pe platform.
Institutional developmentTechnology & data transformationFintech and insurtech
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2026-02-26•Lithuania•Bank of Lithuania
The Bank of Lithuania's January 2026 data shows a significant monthly decline in household deposits, while lending to households and non-financial corporations increased. Interest rates on new term deposits decreased for both households and corporates, with household loan rates slightly down and corporate borrowing rates rising. Transaction-adjusted deposits fell by EUR 263.1 million, driven by household and corporate declines, while loans rose by EUR 259.3 million, with notable increases in house purchase and consumption lending.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-02-26•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg CSSF updated on MiFIR transaction reporting, noting fewer supervised entities and stressing accurate reporting's importance. It received over 23 million annual reports from 2023 to 2025, emphasizing data quality monitoring and corrective measures. ESMA decided against proposing MiFIR reporting changes but seeks evidence to simplify financial transaction reporting.
Policy & regulationGuidance & interpretationRegulatory reporting
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2026-02-26•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) briefed insurers on preparing Enterprise Risk Management (ERM) and Own Risk and Solvency Assessment (ORSA) reports under its 2025 regulatory framework. Insurers must submit annual ERM/ORSA and semi-annual risk status reports, focusing on capital adequacy and risk management. The framework aims to enhance risk policy-setting, risk appetite, and risk culture, with assessments under normal and crisis conditions.
Policy & regulationGuidance & interpretationRisk management
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2026-02-26•United States•Office of the Comptroller of the Currency
Comptroller Jonathan V. Gould outlined the Office of the Comptroller of the Currency's priorities to the U.S. Senate, focusing on risk-based supervision and addressing alleged debanking. The agenda includes reproposing the Basel III capital rule, potential Community Reinvestment Act changes, BSA/AML modernization, and supporting bank charter applications and AI technology use. The OCC is reviewing large banks' activities under President Trump's Executive Order on Fair Banking and has proposed removing reputation risk from supervision.
Policy & regulationReform agendas & prioritiesSupervision process and methodologies
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2026-02-26•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) shared remarks by President Gabriel Bernardino at the 11th National Congress of Insurance Agents and Brokers, outlining ASF's strategic priorities in insurance intermediation regulation and supervision. The speech emphasized addressing protection gaps in Portuguese society, particularly in retirement provision and natural catastrophe protection, highlighting insurance intermediaries' role in mitigating these gaps.
Policy & regulationReform agendas & prioritiesOther
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2026-02-26•Barbados•Central Bank of Barbados
Dr. Kevin Greenidge of the Central Bank of Barbados presented at the Barbados Police Service's Annual Grand Conference, highlighting the link between national security and economic performance. He emphasized that professional policing boosts confidence, investment, productivity, and growth, proposing an evidence-based framework for modern policing aligned with stability, fairness, and opportunity.
ResearchFinancial stability and systemic risk
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2026-02-26•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia hosted an event on "Stablecoins and their impact on financial stability," engaging stakeholders from public and private sectors. Discussions focused on stablecoins' effects on users, financial institutions, and businesses, alongside regulatory frameworks and security issues. The event also addressed broader innovations in payments and digital finance, including tokenised central bank money and private cryptoassets.
Policy & regulationCooperationStablecoins
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2026-02-26•Serbia•Republic of Serbia Securities Commission
The Securities Commission of the Republic of Serbia has signed the international Administrative arrangement for personal data transfer between European Economic Area (EEA) and non-EEA authorities. This arrangement aims to ensure lawful and secure data transfers in line with EU data protection standards for capital market supervision. The International Organization of Securities Commissions (IOSCO) lists the signatories on its website.
Policy & regulationCooperationCross-border cooperation
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2026-02-26•Serbia•National Bank of Serbia
The National Bank of Serbia announced that NIS Petrol a.d. is offering a RSD 5 per litre discount on fuel purchases at NIS Petrol and Gazprom stations when paid via the "IPS show" method in a bank's mobile app. The discount applies to various payment methods, including standard and self-service checkouts, and the Drive.Go app. Merchants accepting instant payments benefit from reduced fees.
Policy & regulationImplementation, projects & pilotsCross-border payments