-
2026-02-25•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a January 2026 state budget surplus of EUR 2,288 million, surpassing the EUR 543 million target. The primary surplus reached EUR 3,511 million, exceeding the EUR 1,751 million target, largely due to deferred spending. Net revenues were EUR 6,138 million, slightly above target, while expenditures were significantly below target at EUR 3,851 million.
Data & statisticsEconomic data and developments
-
2026-02-25•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has published draft Regulatory Technical Standards (RTS) under EMIR 3, setting new and revised clearing thresholds for over-the-counter derivatives to manage systemic risk. The RTS, submitted to the European Commission for endorsement, propose higher thresholds for commodity, interest rate, and credit derivatives, reflecting market changes. The draft also clarifies calculation timing and adjusts the mechanism for triggering threshold reviews.
Policy & regulationRules & requirementsCCPs
-
2026-02-25•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released its 2026 Activity Plan with nine priorities through 32 actions and 60 initiatives focused on investor protection, market development, and internal improvement. Key initiatives include drafting a new Corporate Governance Code, deploying AI tools for supervision and fraud prevention, and enhancing communication on cryptoassets and sustainable investments. The plan also emphasizes retail investor education, market competitiveness, and supervisory process simplification.
Policy & regulationReform agendas & prioritiesSupervision process and methodologiesArtificial intelligence
-
2026-02-25•Italy•Bank of Italy
The Bank of Italy's research evaluates the impact of climate-related physical risks, like floods and landslides, on the one-year probability of default (PD) for Italian non-financial firms. The study introduces a hydrogeological risk indicator and finds 38% of firms are exposed to these risks, with regional and sectoral variations. While insurance coverage mitigates PD impacts, firms in high-risk areas experience greater creditworthiness deterioration.
ResearchClimate risk and sustainable finance
-
2026-02-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has launched a brief questionnaire to gather public perceptions on savings and investment ahead of its "Financial Literacy for Life – European Citizens’ Dialogue" event on 26 March. The survey aims to inform discussions featuring key figures such as Maria Luís Albuquerque and Governor Christodoulos Patsalides, and will be streamed live on the Central Bank's YouTube channel.
Financial literacy & educationFinancial literacy and education
-
2026-02-25•Europe•European Parliament
European Parliament committees endorsed creating a "small mid-cap" category, offering SME-style exemptions to firms with under 1,000 employees and specific financial thresholds. The package includes GDPR exemptions for non-high-risk data processing, updates to the Markets in Financial Instruments Directive, and simplified prospectus disclosures. Inter-institutional negotiations are authorized, with plenary endorsement expected in March.
Policy & regulationRules & requirementsSME financing
-
2026-02-25•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the European Bank for Reconstruction and Development (EBRD) held the twelfth Uzbekistan Money Market Working Group meeting to discuss monetary policy transmission and money market development. Topics included macroeconomic conditions, liquidity formation, interbank market activity, and interest rate dynamics. A session with commercial bank treasurers explored liquidity management, currency swaps, and interest rate risk management, referencing global derivatives practices and recent simulation training.
Monetary policyMonetary policy instruments & operationsCross-border cooperationMarket development
-
2026-02-25•Europe•European Central Bank
The European Central Bank's research shows homeowners insurance as a monetary policy channel, with contractionary shocks raising insurance prices and affecting real estate and mortgage markets. A 1 percentage point surprise in the 10-year U.S. Treasury yield correlates with a 7 to 9.6 percentage point increase in insurance prices, impacting insurers with low capital ratios and interest-rate-sensitive portfolios. The ECB Working Paper highlights stronger effects in disaster-prone areas and on mortgage applications.
Research
-
2026-02-25•Europe•European Central Bank
The European Central Bank's Working Paper examines how asset management companies (AMCs) purchasing nonperforming loans (NPLs) can stabilize credit markets by reducing default and lending rates, unlike government purchases of performing loans. AMCs effectively lower defaults and improve welfare, while government interventions may crowd out bank deposits and increase defaults. The paper suggests policies should address default dynamics directly when credit conditions are tight due to elevated NPLs.
ResearchAsset qualityPrudential risks
-
2026-02-25•Europe•European Central Bank
The European Central Bank Banking Supervision outlined its 2026-28 priorities, focusing on enhancing banks' resilience to geopolitical risks and macro-financial uncertainty. Key initiatives include a thematic review of credit underwriting to improve data collection and reporting consistency, and a reverse stress test to assess banks' vulnerability to geopolitical events impacting Common Equity Tier 1 capital. The stress test will be integrated into the 2026 internal capital adequacy assessment process, with feedback from Joint Supervisory Teams.
SupervisionReviews, inspections & stress testsCredit riskMacroprudential policy and tools
-
2026-02-25•Japan•Bank of Japan
The Bank of Japan released its statement of assets and liabilities, reporting total assets and liabilities of JPY 683.3 trillion. Japanese government securities were the largest asset at JPY 546 trillion, while current deposits and banknotes were the main liabilities at JPY 460 trillion and JPY 117 trillion, respectively. Other significant assets included loans, index-linked ETFs, and foreign currency assets.
Data & statisticsBalance of payments and other external statistics
-
2026-02-25•Japan•Bank of Japan
The Bank of Japan's preliminary January 2026 Services Producer Price Index (SPPI) shows a 2.6% year-on-year increase, with the index falling 0.5% from December to 111.9. Notable year-on-year changes include increases in Other services (+3.0%), Advertising services (+3.1%), and Leasing and rental (+2.4%), while hotels and civil engineering services slowed. The report also notes a 3.1% year-on-year rise in the fourth-quarter 2025 index for wholesale trade and business enterprise research and development.
Data & statisticsEconomic data and developments
-
2026-02-25•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand is consulting on a proposed cash services standard to ensure banks provide accessible cash withdrawals, deposits, and change, particularly addressing reduced cash access in rural areas. The proposal includes shared cash infrastructure and estimates benefits of NZD 2.83 billion annually, with costs to banks of NZD 104 million. Over 80% of adults use cash, and 72% of small businesses would be negatively impacted by cash shortages.
Policy & regulationRules & requirementsCurrency and cash management
-
2026-02-25•Palau•Palau Financial Institutions Commission
The Palau Financial Institutions Commission completed training to strengthen risk-based bank supervision and examination practices. The program mapped quarterly off-site monitoring workflows for future standard operating procedures and developed preliminary tools to support supervisory analysis and prioritization.
Institutional developmentCooperation & capacity buildingRisk managementRegulatory reportingOperational excellence
-
2026-02-25•United States•Federal Reserve Bank of St. Louis
The Federal Reserve Bank of St. Louis has appointed Cathe Dykstra, Dave Leipholtz, and Re’Donna Thompson to its Community Development Advisory Council. The council advises on issues affecting the Eighth District and supports local community development efforts. Members include executives from nonprofits, financial institutions, universities, government, and foundations.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2026-02-25•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Division of Enforcement issued an advisory after two KalshiEX prediction market cases, emphasizing that trading on material nonpublic information or engaging in fraud violates the Commodity Exchange Act and Regulation 180.1. The advisory underscores the Commission's authority to address illegal trading on designated contract markets, regardless of internal disciplinary actions, and highlights these markets' responsibilities to maintain audit trails, conduct surveillance, and enforce rules against prohibited practices.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2026-02-25•Brazil•Central Bank of Brazil
The Central Bank of Brazil published the December 2025 Regional Economic Activity Index (IBCR), including both observed and seasonally adjusted data series.
Data & statisticsEconomic data and developments
-
2026-02-25•Libya•Central Bank of Libya
The Central Bank of Libya has opened subscription for commercial banks to Issue No. 6-2026 of unrestricted Mudaraba Deposit Certificates under the same procedures and controls used in earlier issuances.
Monetary policyMonetary policy instruments & operationsOther
-
2026-02-25•Guernsey•Ministry of Finance (Guernsey)
Guernsey’s Committee for Economic Development released the Finance Sector Strategy 2035, outlining a plan for sustainable growth in the finance sector. Developed with Oliver Wyman and input from over 100 stakeholders, the strategy includes over 40 workstreams under six strategic initiatives, aiming for 3% annual real Gross Value Added growth. Implementation will be overseen by a Financial Growth Forum, with industry introductions via presentations.
Policy & regulationReform agendas & prioritiesMarket development
-
2026-02-25•United Arab Emirates•Dubai International Financial Centre
Payrails will set up its Middle East headquarters in Dubai International Financial Centre (DIFC), boosting its regional presence and supporting businesses with payments and financial infrastructure. The fintech firm provides a modular financial operating system for payment lifecycle management and already supports major enterprise merchants in the region. DIFC emphasizes governance, transparency, and operational resilience within its ecosystem of financial institutions and technology providers.
OtherFintech and insurtechMarket development
-
2026-02-25•Belize•Central Bank of Belize
The Central Bank of Belize announced that the High Court upheld the Registrar of Credit Unions' decision to terminate Mr. Rafael Dominguez as General Manager of Saint Francis Xavier Credit Union, deeming it lawful and procedurally fair. The court confirmed the Registrar's authority under the Credit Unions Act and dismissed most claims for termination benefits, while ordering a recalculation of severance entitlement.
EnforcementInvestigations & enforcement actionsCorporate governance
-
2026-02-25•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice following the addition of four individuals to the United Nations Security Council Committee’s Sudan sanctions list. Firms must freeze assets related to these individuals and report findings to the States of Guernsey Policy & Resources Committee. The notice also prohibits making funds available to designated persons unless a permitted derogation or licence is in place.
EnforcementSanctions & designationsSanctions list update
-
2026-02-25•Guernsey•Guernsey Financial Services Commission
Guernsey’s Committee for Economic Development released the Finance Sector Strategy 2035, developed in collaboration with government, industry, Guernsey Finance, and the Guernsey Financial Services Commission. The strategy aims to guide the future development of Guernsey’s finance sector.
Policy & regulationReform agendas & prioritiesMarket development
-
2026-02-25•Georgia•National Bank of Georgia
The National Bank of Georgia summarized Governor Natia Turnava’s meeting with the Movement of the Enterprises of France (MEDEF), highlighting Georgia’s macroeconomic environment and financial stability. Inflation is forecasted to reach the 3 percent target in 2026, with long-term expectations well anchored. The banking sector is sound, with record-high international reserves, and discussions included economic growth and fintech initiatives.
Monetary policyMonetary policy assessments & outlooksCross-border cooperation
-
2026-02-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market amended licensing procedures and regulations on capital market abuse and XBRL-based financial disclosures. It issued investor alerts, updated asset blocking sanctions, and approved registration and licensing actions, including corporate bonds and share issues. The Commission confirmed compliance with Cabinet of Ministers Resolution No. 76 and approved governance and significant participation changes in several financial entities.
Policy & regulationRules & requirementsLicensing framework and process
-
2026-02-25•Malta•Malta Financial Services Authority
The Malta Financial Services Authority and the Malta Tax and Customs Administration have signed a memorandum of understanding to enhance supervisory oversight of financial services and taxation in Malta. The agreement focuses on improving information sharing, compliance efforts, and includes joint training, education initiatives, and staff secondment for capacity building.
SupervisionCooperationCross-border cooperation
-
2026-02-25•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has released a roadmap for an Open Finance System, emphasizing secure, standardized data sharing via APIs. The phased approach starts with a diagnostic phase in 2026, followed by regulatory and technical specification development, gradual implementation of open banking, and expansion to open finance by 2029. User consent and data security are central, with SBS coordinating regulatory processes and industry engagement.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
-
2026-02-25•Sweden•Riksbank
Riksbank Governor Erik Thedéen stated that the policy rate will remain at 1.75% as Sweden's cyclical recovery continues and inflation nears the target, with expectations of a decline partly due to reduced VAT on food. He emphasized monetary policy stability, readiness to adjust if necessary, and highlighted the importance of cash infrastructure, supporting legislation for improved bank services for cash deposits.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2026-02-25•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) issued a proposed rulemaking to implement the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The proposal outlines regulations for payment stablecoin issuers and certain custody activities under OCC supervision, excluding Bank Secrecy Act and anti-money laundering requirements. The OCC will coordinate with other agencies and the Treasury Department for related rulemaking.
Policy & regulationRules & requirements
-
2026-02-25•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) has outlined its 2026 supervisory priorities in its Strategic Plan 2025–2028, focusing on asset management, issuers, investment intermediation, crowdfunding, and crypto-asset services. Key areas include Digital Operational Resilience Regulation (DORA), corporate governance, AML/CFT compliance, and MiFID II conflict-of-interest requirements. The CMVM also emphasizes developing an integrated risk model for issuers and market-development initiatives, including the phased application of the Listing Act and launching an "Investor App."
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
-
2026-02-25•Global•Bank for International Settlements
The Basel Committee on Banking Supervision discussed vulnerabilities in government bond-backed repo markets and expedited review of banks' cryptoasset exposure standards during its February 2026 meeting. It approved a technical amendment to the operational risk standard and a response to a market risk framework FAQ, both to be published in March. The next International Conference of Banking Supervisors will be hosted by Bank Indonesia and the Indonesian Financial Services Authority in September 2026.
Policy & regulationImplementation, projects & pilotsPrudential risksMarket risk and volatility
-
2026-02-25•France•France Autorite des marches financiers
The French Financial Markets Authority announced an administrative settlement agreement (TRA-2026-01) with Caisse d'Epargne et de Prévoyance Ile-de-France, addressing professional obligations for an investment services provider.
EnforcementInvestigations & enforcement actionsSanctions list update
-
2026-02-25•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) reported a 2025 gender equality index score of 97 out of 100 under the Avenir professionnel framework. Key scores included 37 out of 40 for the gender pay gap and 20 out of 20 for the pay rise rate gap. As of 31 December 2025, women represented 55% of staff and 51% of managers, with ongoing training and anti-discrimination measures highlighted.
Institutional developmentWorkforce & recruitmentDiversity and inclusion
-
2026-02-25•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) issued a warning about four websites—deumarket.com, crowd-base.com, velorato.com, and xt-blimited.com—operating without authorization under Article 5 of Law 87(I)/2017. CySEC advises investors to check the authorisation status of investment firms on its website before engaging in business.
SupervisionAlertsUnlicensed or unauthorized activity
-
2026-02-25•Germany•BaFin
BaFin has issued a general administrative order recognising and reciprocally applying Austria’s 1.0% sectoral systemic risk buffer to relevant risk exposures in Austria to non-financial corporations in the construction and real estate sector, excluding non-profit housing associations. The buffer applies on a solo and consolidated basis to institutions and groups whose defined Austrian exposures in NACE F41, NACE F43 and NACE L68 exceed EUR 100 million, including via branches and direct cross-border lending. BaFin may withdraw the order with future effect and will review it in line with Austria’s periodic review of the buffer.
Policy & regulationRules & requirementsCapital adequacy
-
2026-02-25•Latin America•Financial Action Task Force of Latin America (GAFILAT)
GAFILAT's 2026–2030 Strategic Plan aims to strengthen systems against money laundering, terrorist financing, and weapons proliferation. Priorities include consolidating progress, addressing challenges, and enhancing cooperation. The plan emphasizes a risk-based approach, effective AML/CFT systems, and technical support for members, focusing on virtual assets and emerging technologies.
Policy & regulationReform agendas & prioritiesAML and CFT
-
2026-02-25•Brazil•Central Bank of Brazil
The Central Bank of Brazil released updated Monetary and Credit Statistics, reflecting data through January 2026.
Data & statisticsMonetary data
-
2026-02-25•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision outlined a forward-looking, risk-based supervisory approach for 2026-28, prioritizing banks' resilience to geopolitical risks and macro-financial uncertainty, and enhancing operational resilience and ICT capabilities. Key initiatives include a 2026 thematic review on credit underwriting for data consistency and a reverse stress test to assess banks' capacity to withstand geopolitical shocks, requiring banks to identify events that could deplete CET1 capital by at least 300 basis points over three years.
SupervisionSupervision approach, priorities & toolkitCredit risk
-
2026-02-25•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic members of the U.S. Senate Committee on Banking, led by Elizabeth Warren, urged the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to reinstate disparate impact analysis in bank supervision. They argue its removal weakens civil rights protections and hinders detecting lending discrimination. The request follows an executive order aimed at minimizing disparate impact liability.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
-
2026-02-25•Global•Taskforce on Nature-related Financial Disclosures
The Taskforce on Nature-related Financial Disclosures, Conservation X Labs and the United Nations Development Programme have announced 12 finalists in the Nature Intelligence for Business Grand Challenge, a global competition for tools that help small and medium-sized enterprises manage nature dependencies and impacts. Selected from more than 380 applications, the finalists’ solutions include open-source data platforms, low-bandwidth mobile tools, automated LEAP workflows, GIS-based landscape intelligence, natural capital accounting and rating systems, and smartphone-based site analysis, aimed at reducing the cost and complexity of generating nature intelligence aligned with TNFD’s LEAP approach.
Policy & regulationImplementation, projects & pilotsNature-related riskClimate risk and sustainable finance
-
2026-02-25•Global•International Monetary Fund
The IMF's end-of-mission statement on Syria noted improved sentiment, increased electricity, and regional reintegration. The 2025 budget ended with a surplus, and the 2026 budget plans to boost healthcare, education, and infrastructure spending. A technical assistance program was agreed upon, focusing on fiscal and financial reforms, including public financial management, banking system rehabilitation, and monetary policy framework development.
Policy & regulationReform agendas & prioritiesOther
-
2026-02-25•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) mandates a 1.0% sectoral systemic risk buffer on specified Austrian exposures over EUR 100 million, aligning with Austrian Financial Market Authority requirements. This applies to NACE sectors F41, F43, and L68, excluding non-profit housing associations, at individual, sub-consolidated, and consolidated levels. BaFin upheld the EUR 100 million threshold, rejecting proposals to increase it, citing proportionality and consistency with the European Systemic Risk Board's framework.
Policy & regulationRules & requirementsCapital adequacy
-
2026-02-25•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario (FSRA) imposed administrative penalties totaling CAD 20,000 on Shan Jamal for violations of the Mortgage Brokerages, Lenders and Administrators Act, 2006. Jamal dealt in mortgages for remuneration without acting on behalf of his authorized brokerage and received fees from unauthorized entities. The order was issued after Jamal did not contest FSRA’s proposal.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2026-02-25•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC released a video and transcript on complying with beneficial ownership requirements under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It outlines the 25% ownership threshold, verification measures, and record-keeping expectations, addresses reporting obligations for high-risk corporations, and steps for when beneficial ownership information cannot be obtained.
Policy & regulationGuidance & interpretationAML and CFTBeneficial ownership
-
2026-02-25•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Division of Enforcement issued an advisory on potential Commodity Exchange Act violations in prediction markets traded on KalshiEX, highlighting misuse of nonpublic information and fraud. The advisory emphasized the Commission's authority to police illegal trading practices on any designated contract market, despite internal enforcement by the market. It outlined prohibited trading practices and reiterated the obligations of designated contract markets to maintain audit trails, conduct surveillance, and enforce rules.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2026-02-25•United Kingdom•UK Parliament
The UK House of Lords has completed committee stage scrutiny of the National Insurance Contributions (Employer Pensions Contributions) Bill, imposing a charge on employer pension contributions exceeding GBP 2,000 annually via salary sacrifice. Amendments considered include exemptions for basic rate taxpayers, carrying forward unused contributions, and reviewing impacts on SMEs. The bill advances to report stage on 5 March.
Policy & regulationRules & requirementsOther
-
2026-02-25•Europe•European Banking Authority
The European Banking Authority (EBA) will stop monitoring legacy instruments, own funds under CRR1 and CRR2 grandfathering provisions, aligning with its expectation for their gradual elimination. The EBA will continue reviewing own funds and eligible liabilities, while competent authorities monitor remaining specific cases.
SupervisionSupervision approach, priorities & toolkitCapital adequacy
-
2026-02-25•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has consulted on targeted amendments to the UK Solvency II own funds framework following restatement of assimilated law into the PRA Rulebook. Proposals include removing the specific permission requirement for classifying equity-accounted subordinated instruments, clarifying expectations for refinancing via concurrent tender offers and new issuances, correcting drafting inconsistencies, and restating relevant European Insurance and Occupational Pensions Authority guidelines into PRA supervisory statements.
Policy & regulationRules & requirementsPrudential risks
-
2026-02-25•Peru•Central Bank of Peru
The Central Reserve Bank of Peru will introduce PEN 200 banknotes with an enhanced security thread in February 2026. The new thread is 5mm wide, up from 4mm, and features blue and green colors to enhance motion effects. These notes will circulate alongside the existing PEN 200 banknotes.
Monetary policyOtherCurrency and cash management
-
2026-02-25•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority (CMA) is consulting on amendments to allow subsidiaries of Main Market-listed companies to list shares directly on the Main Market without an IPO, pending shareholder approval. The proposal includes changes to disclosure and share registration requirements. Issuers and financial advisors may share information with potential investors and advising-licensed Capital Market Institutions before CMA approval, provided research and reports are not published prematurely.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2026-02-25•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority confirmed that Joa Capital has fulfilled the requirements to commence arranging activities in the securities business under a licence issued on 6 November 2024.
SupervisionAuthorisations & approvalsLicence approval
-
2026-02-25•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority confirmed that Investors Capital Company has fulfilled the requirements to begin Managing Investments Activity in the securities sector under a licence approved on 11 May 2022, in line with the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsLicence approval
-
2026-02-25•Saudi Arabia•Saudi Arabia Capital Markets Authority
Dinar Investment Company has fulfilled the commencement-of-business requirements to conduct Advisory Activity in the Securities Business under a licence from the Saudi Arabia Capital Markets Authority. The licence was granted by a resolution dated 14 February 2024, in accordance with the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsLicence approval
-
2026-02-25•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic kept its monetary policy rate at 5.25% in February 2026, with the one-day repo rate at 5.75% and the overnight deposit rate at 4.50%, citing higher global uncertainty, geopolitical tensions and food-price pressures despite improved domestic financial conditions after 50 bp of easing in September and October 2025. Annual inflation was 4.98% in January and core inflation 4.89%, with the central bank expecting inflation to moderate and return to the 4.0% target midpoint by end-2026.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-02-25•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency summarized a panel discussion from a Slovenian Ministry of Finance investment conference in Tokyo, focusing on shared challenges in the Slovenian and Japanese insurance markets. Key issues included the complexity of climate, demographic, and cyber risks, necessitating enhanced coordination with the state, regulators, reinsurance, and capital markets. The panel emphasized the need for new insurance products, improved risk assessment models, and more accessible coverage for households and businesses.
Policy & regulationCooperationClimate risk and sustainable finance
-
2026-02-25•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia has kept the maximum fees for basic payment accounts at EUR 4.90 per month, or EUR 1.47 for social assistance recipients, unchanged since June 2020. The National Payments Council launched a leaflet to raise awareness about the right to a basic payment account. Under the new Payment Services Act, banks must actively communicate this right and report application refusals, with compliance monitored by the Central Bank.
Policy & regulationRules & requirementsPayments and payment systems
-
2026-02-25•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency's podcast explains the need for increased use of the second and third pension pillars due to demographic ageing. It highlights the decline in the worker-to-pensioner ratio and discusses supplementary pension savings, tax incentives, and recent legal changes affecting employers. The agency outlines its supervisory approach and notes a new law requiring discussions on collective supplementary pension insurance for employers with over ten employees by 2028.
Financial literacy & education
-
2026-02-25•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency reported a 36.1% increase in gross written premiums for 2025, reaching EUR 3.497 billion, with significant growth in compulsory motor third-party liability insurance. Compulsory motor liability premiums surged 131.4% to EUR 946 million, driven by domestic and international business, notably in Italy. Gross claims paid rose 14.9% to EUR 1.639 billion, with motor liability claims increasing 58.4% to EUR 340 million.
ResearchFinancial and market indicators
-
2026-02-25•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued updated guidance on management services provided by registered insurance managers to authorised and non-authorised insurers under the Insurance Act 2008. This guidance applies to registered insurance managers, authorised insurers, and may also be relevant to non-authorised insurers utilizing a registered insurance manager.
Policy & regulationGuidance & interpretationAML and CFTWhistleblowing
-
2026-02-25•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets held a session to review feedback on a draft regulation for managing customer complaints, aiming to standardize procedures across the financial sector. The session focused on balancing operational efficiency with consumer protection, with input from various industry representatives.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
-
2026-02-25•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury added four new entries to its Sudan sanctions list, following the UN Security Council's update. These entries face an asset freeze and are on the UK Sanctions List, applicable in the Isle of Man via the Sanctions (Implementation of UK Sanctions) Regulations 2024. The notice stresses immediate asset freezing upon a match, reporting to the Financial Intelligence Unit, and the criminality of evading sanctions.
Policy & regulationRules & requirementsSanctions list update
-
2026-02-25•Georgia•National Bank of Georgia
The National Bank of Georgia released interactive press releases detailing trends in resident commercial banks' loan portfolios and deposits as of January 2026, accessible via its website's statistics pages.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-02-25•Georgia•National Bank of Georgia
The National Bank of Georgia reported a 2.3-fold increase in domestic investment fund assets in 2025, reaching GEL 459 million. As of year-end, 11 asset management companies and 21 investment funds were registered under a regulatory framework aligned with EU directives and IOSCO principles.
Data & statisticsOther
-
2026-02-25•Georgia•National Bank of Georgia
The National Bank of Georgia's Financial Stability Committee maintained the cyclical component of the countercyclical capital buffer, citing robust capital and liquidity in the banking sector and a negative credit-to-GDP gap. Annual credit portfolio growth was 13.4% in January 2026, with business loans comprising a significant portion. The credit-to-GDP ratio remains below its long-term trend but is expected to align gradually.
Policy & regulationRules & requirementsCapital adequacyLiquidity riskPrudential risks
-
2026-02-25•Russia•Central Bank of Russia
The Central Bank of Russia reported a 20% decrease in counterfeit ruble banknotes in 2025, totaling 6,565, while counterfeit foreign banknotes rose by 44% to 2,703, mainly involving US dollars. High-denomination ruble notes, particularly 5,000-ruble and 1,000-ruble, were most frequently counterfeited. The majority of counterfeits were found in the Central, Southern, and North-Western Federal Districts.
Data & statisticsCurrency and cash management
-
2026-02-25•Russia•Central Bank of Russia
The Central Bank of Russia reported a decline in the average maximum interest rates on Russian ruble deposits from 14.49% to 14.26% in February 2026 among the top 10 credit institutions. Rates by maturity were 13.54% for up to 90 days, 13.98% for 91 to 180 days, 13.57% for 181 days to one year, and 11.75% for over one year. These rates are calculated as the arithmetic mean of each bank’s maximum publicly available deposit rate, excluding certain special categories.
Data & statisticsFinancial and market indicators
-
2026-02-25•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has issued a new framework for DOCS Mercado, effective 2 March 2026, updating the system for sending documents and communications in supervised markets. Key updates include allowing responses and file uploads directly through DOCS Mercado and expanding its reach to non-supervised market participants. SUSEP clarified that Electronic Filing remains the official channel for non-response submissions.
Policy & regulationRules & requirementsOther
-
2026-02-25•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has introduced a mandatory application form for authorizing senior office-holders at closed complementary pension entities (EFPC), effective 1 March 2026. The form consolidates requests for executive roles, aligns with the European Central Bank’s model, and enhances transparency in licensing assessments. It includes detailed disclosure requirements and questionnaires on potential conflicts of interest and legal involvements.
Policy & regulationRules & requirementsLicence approval
-
2026-02-25•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has issued CP26/7, consulting on new Handbook requirements to enhance consumer credit information sharing across UK retail lending markets. Firms must share consumer credit data with all designated consumer credit reference agencies (DCCRAs) monthly, alongside new data accuracy and dispute handling requirements. The FCA plans to create a new DCCRA Sourcebook, initially designating Equifax Ltd, Experian Ltd, and TransUnion International UK Ltd, focusing on promoting responsible lending.
Policy & regulationRules & requirementsCredit riskMarket development
-
2026-02-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing messages involving The Bank of East Asia, Limited, Shanghai Commercial Bank Limited, and Banque Pictet & Cie SA. HKMA emphasized banks will not send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the relevant bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.
SupervisionAlertsFraud and scams
-
2026-02-25•Europe•European Banking Authority
The European Banking Authority and the European Securities and Markets Authority have initiated consultations on a revised EU "Suitability Package" for assessing management and key function holders at banks and investment firms. The European Banking Authority is also consulting on draft Regulatory Technical Standards to standardize documentation for suitability assessments. The revised Guidelines introduce new requirements under the Capital Requirements Directive, enhance anti-money laundering links, and aim to harmonize submissions EU-wide.
Policy & regulationRules & requirementsFitness and propriety
-
2026-02-25•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has introduced a tiered Minimum Public Ownership (MPO) framework for IPOs, aligning public float requirements with expected market capitalization. Issuers are categorized into four tiers, with MPO requirements from 33% for market capitalizations up to PHP 500 million to 15% for those above PHP 50 billion. The rule includes post-transaction reporting and allows adjustments for large issuers, effective immediately, with a transitory period for the Philippine Stock Exchange to update its rules.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2026-02-25•Philippines•Philippine Securities and Exchange Commission
As 2026 Chair of the ASEAN Capital Markets Forum, the Philippine Securities and Exchange Commission led a regional meeting and co-hosted the 2026 ASEAN Taxonomy Conference to promote sustainable finance. The meeting advanced the ASEAN Economic Community Strategic Plan 2026–2030, focusing on taxonomy, disclosures, and capital market infrastructure. Supported by the Sustainable Finance Institute Asia and the Asian Development Bank, the conference launched SFIA’s All-Countries Common Equivalence Platform for Taxonomies to facilitate cross-taxonomy comparisons.
Policy & regulationCooperationClimate risk and sustainable finance
-
2026-02-25•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets in the Kyrgyz Republic has reformed the pawnshop sector, capping the annual effective interest rate and enhancing consumer protection. Key changes include clear pre-contract information, restrictions on loan information transfer, and a phased increase in minimum authorised capital. Since 2021, the authority conducted 285 inspections, resulting in 111 licence revocations and 290 fines totaling KGS 8,414,000.
Policy & regulationRules & requirementsConsumer and investor protection
-
2026-02-25•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan reported a 21% increase in total assets of the non-bank financial sector to PKR 6.84 trillion by the end of 2025. Fund management assets grew 17%, with mutual funds comprising 66.3% of total assets, while non-bank financial company assets rose 65% to PKR 824 billion. Shariah-compliant assets accounted for 36% of the industry, and registered non-bank financial companies and Modaraba entities increased to 185.
Data & statisticsLendingFinancial stability and systemic risk
-
2026-02-25•Albania•Albania Financial Services Authority
The Albania Financial Services Authority announced board decisions on capital markets approvals and governance changes in supervised firms. Key actions include registering bond issuance prospectuses for Union Bank and IUTE Credit Albania, and approving various appointments and reappointments at insurance companies and an asset and pension-fund manager.
SupervisionAuthorisations & approvalsLeadership change and appointments
-
2026-02-25•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan discussed applying its Methodological Guidance for IFRS 9 with bank specialists, following its approval in December 2025. From 2026, banks will classify assets and create provisions under both IFRS 9 and existing prudential requirements. This initiative is part of the 2024–2026 Financial Sector Development Strategy to integrate IFRS into prudential regulation and reporting.
Policy & regulationGuidance & interpretationAccounting and financial reporting
-
2026-02-25•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan signed a memorandum of understanding with the Compliance Association Public Union to enhance compliance culture and practices for financial and non-financial entities. The cooperation will involve initiatives such as seminars and training to improve compliance mechanisms and ethical conduct.
Policy & regulationCooperationCompliance
-
2026-02-25•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance plans to transfer consumer credit supervision to the Bank of Latvia after meeting with stakeholders. Discussions focused on a single supervisory system, transition period length, process clarity, and regulatory predictability. The ministry aims to consolidate licensing and supervision to reduce fragmentation and overlap in anti-money laundering responsibilities.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
-
2026-02-25•Mozambique•Bank of Mozambique
The Bank of Mozambique established the Mozambique Instant Payments System (SPIM) and approved its rulebook, enabling immediate fund availability for digital payments. Managed by Sociedade Interbancária de Moçambique, SPIM mandates participation for electronic money and certain credit institutions, with specific transaction and client thresholds. Operating 24/7, it exempts individual interbank transactions from fees and imposes daily limits of MZN 200,000 for individuals and MZN 500,000 for legal entities.
Policy & regulationRules & requirementsPayments and payment systems
-
2026-02-25•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has partnered with Core42 to develop the Sovereign Financial Cloud Services Infrastructure, the first dedicated financial cloud ecosystem. Part of the Financial Infrastructure Transformation programme, it aims to enhance data sovereignty, cybersecurity, and operational agility for the UAE financial sector. The platform will incorporate AI and advanced analytics for intelligent automation and real-time data analysis, offering a unified framework for managing multi-cloud services.
Policy & regulationImplementation, projects & pilotsArtificial intelligenceMarket infrastructure
-
2026-02-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market's Committee approved a draft to introduce new rules for transactions in Ukraine’s external government loan bonds (OZDP) during martial law. It mandates delivery-versus-payment settlement via a central counterparty and restricts OZDP rights transfers through the depository system. Depository institutions need National Bank of Ukraine orders for transfers, and investment firms must align contracts with the new requirements, excluding those where banks act independently.
Policy & regulationRules & requirementsCCPs
-
2026-02-25•Sweden•Finansinspektionen
Sweden's Financial Supervisory Authority (Finansinspektionen) has set the reporting timetable and technical requirements for payment service providers under the EU Instant Payments Regulation. Providers must submit fee and rejection data via the Fidac system, with the first submission due by 9 April 2026. Reporting includes fee levels, transaction rejections, and account data, using XBRL-CSV format, with some fields in EUR and others in national currency.
SupervisionRegulatory reporting
-
2026-02-25•Europe•European Fund and Asset Management Association
EFAMA's December 2025 report highlights a record year for UCITS, with net inflows of EUR 873 billion and assets over EUR 25 trillion. UCITS net sales hit EUR 828 billion, driven by bond and equity UCITS, while equity ETFs attracted EUR 261 billion. AIFs saw net sales of EUR 45 billion, with multi-asset AIFs posting EUR 53 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2026-02-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission outlined a programme to enhance equity market activity, mutual market access with Mainland China, and digital asset and fixed income market infrastructure. Key initiatives include equity market reforms, implementing an uncertificated securities market regime, and legislative proposals for virtual asset regulation. The SFC also plans to support fund distribution initiatives and explore a regulated electronic trading platform for fixed income and currency markets.
Policy & regulationReform agendas & prioritiesOther
-
2026-02-25•Thailand•Bank of Thailand
Bank of Thailand’s Monetary Policy Committee cut the policy rate by 25 bp to 1.00 % on 25 Feb 2026 in a four-to-two vote, bringing total easing to 125 bp since Feb 2025. The move targets below-potential growth and muted inflation—now forecast to return to target only in H2 2027—against a backdrop of contracting credit and baht appreciation, with the MPC pledging close monitoring of transmission, credit conditions, deflation risks and exchange-rate pressures.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
-
2026-02-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam published General Secretary To Lam’s speech on implementing Politburo Resolutions No. 79 and No. 80, emphasizing restructuring the state economy for macroeconomic stability and security. The focus is on strategic sectors, private-sector participation, cultural resilience, and misinformation. It called for immediate action plans with accountability and clear goals for effective implementation.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
-
2026-02-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on the 2026 meeting of the Government Steering Committee, highlighting a focus on the data economy and artificial intelligence. Prime Minister Pham Minh Chinh identified bottlenecks in human resources, digital infrastructure, and cyber security, outlining five task groups for improvement. The report also detailed biometric identity matching in banking and welfare payments under Resolution 418/NQ-CP.
Policy & regulationImplementation, projects & pilotsMonetary policy decisions and developments
-
2026-02-25•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority issued guidance on KRT-1003 self-reporting for issuers listed on Oslo Børs/Euronext Expand, detailing the scope and reporting timetable. Share and bond issuers with denominations below EUR 100,000 must complete KRT-1003, while those with higher denominations are exempt. The data collected will aid in risk-based selection for financial reporting controls, emphasizing accuracy and adherence to deadlines.
Policy & regulationGuidance & interpretationRegulatory reporting
-
2026-02-25•Argentina•Argentina Securities Commission (CNV)
Argentina's Securities Commission (CNV) issued General Resolution No. 1112, amending CNV Rules to modernize procedural requirements and standardize methodology and terminology. The resolution updates TAD system procedures, removes obsolete practices, and expands identification methods for debtor notifications. It also consolidates internal delegation, transferring non-essential decisions from the CNV Board to management units to expedite processing.
Policy & regulationRules & requirementsRegulatory burden
-
2026-02-25•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) is consulting on a draft rule to allow certain crowdfunding-style placements within the automatic public offering regime for low- and medium-impact offerings, introducing a framework for "super qualified investors." The proposal permits smaller-scale issuances through capital markets without prior CNV intervention, with investment limits for non-qualified investors and relaxed restrictions for high-net-worth investors. The Crowdfunding Platforms Regime under Law No. 27,349 remains unchanged.
Policy & regulationRules & requirementsCrowdfunding
-
2026-02-25•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission proposes amending its whistleblower reward program for unfair trading and accounting fraud by removing fixed payout caps and linking rewards to recovered illicit gains or penalties. Changes include uncapped rewards up to 30% of recovered amounts, minimum rewards of KRW 5 million for unfair trading and KRW 3 million for accounting fraud, and expanded eligibility for reports to various government agencies. An inter-agency consultative mechanism is planned for referrals and information sharing.
Policy & regulationRules & requirementsWhistleblowing
-
2026-02-25•Kazakhstan•Ministry of Finance (Kazakhstan)
The Kazakhstan Ministry of Finance has released a draft regulatory act for the Joint-Stock Company “Fund of Problem Loans,” detailing asset acquisition, valuation, management, and disposal procedures. It specifies criteria and limitations for asset selection, inadmissible acquisitions, and includes exceptions for government-approved transactions or those before 31 December 2017. This initiative aims to align the Fund’s operations with national legislation under Article 132 of Kazakhstan’s Law “On Banks and Banking Activity.”
Policy & regulationRules & requirementsAsset quality
-
2026-02-25•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia imposed penalties of RM1,500 to RM2,000 on 13 Money Services Business licensees for failing to meet capital requirements between July and December 2025. The penalties, based on non-compliance frequency and historical records, were under section 75(2)(b) of the Money Services Business Act 2011. All licensees have paid and taken remedial actions, with First Million Avenue Sdn. Bhd. surrendering its license to operate as an MSB agent.
EnforcementInvestigations & enforcement actionsCapital adequacy
-
2026-02-25•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia imposed a RM1,025,000 penalty on KAF Investment Bank Berhad for non-compliance with internal controls and procedures under the Foreign Exchange Policy Notices. The breach involved transactions exceeding permissible limits for resident individuals with Domestic Ringgit Borrowing without prior BNM approval. KAF IB has since implemented remedial measures and paid the penalty.
EnforcementInvestigations & enforcement actionsForeign exchange policy and markets
-
2026-02-25•Global•International Monetary Fund
The IMF's 2026 Article IV mission to the U.S. highlights the 2025 policy shift towards economic self-reliance, projecting 2.4% growth in 2026 and inflation returning to 2% by early 2027. The report notes high fiscal deficits, rising public debt, and calls for a consolidation plan to achieve a primary surplus. It emphasizes full Basel III implementation, enhanced oversight for large banks, and a regulatory framework for crypto-assets.
Research
-
2026-02-25•Global•International Monetary Fund
The IMF Executive Board completed final reviews of Benin’s Extended Fund Facility, Extended Credit Facility, and Resilience and Sustainability Facility, enabling an immediate disbursement of approximately USD 118 million. All performance criteria and targets were met, with structural benchmarks implemented, including reforms in climate-related financial management and social protection. The 2024 fiscal deficit was reported at 3.1% of GDP, with a 2026 budget targeting a deficit within the West African Economic and Monetary Union ceiling of 3% of GDP.
Policy & regulationImplementation, projects & pilotsLending
-
2026-02-25•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) reported a 28% increase in reports of misconduct (ROMs) for July to December 2025, driven by corporate governance concerns. Corporate governance issues accounted for 40% of the 13,036 issues raised, with financial services and retail investor matters comprising 44%. ASIC highlighted AUD 349.8 million in civil penalties and significant remediation efforts in its enforcement update.
EnforcementEnforcement statisticsCorporate governance
-
2026-02-25•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission reported a record $349.8 million in court-ordered civil penalties and $583 million expected in remediation and refunds for July to December 2025. Major penalties included ANZ’s $250 million for misconduct and systemic risk failures, and Macquarie’s $321 million payment to Shield Master Fund investors. ASIC noted a 28% increase in misconduct reports, driven by corporate governance issues, and detailed significant activities including 123 investigations and 23 new civil proceedings.
EnforcementEnforcement statisticsCorporate governance
-
2026-02-24•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission issued decisions, including register changes and fee amendments. Key actions include approving Euroconsult and Accounting Ltd.'s 12.74% stake acquisition in Trend Asset Management AD, appointing Teodora Yankova at EUROINS LIFE INSURANCE COMPANY EAD, and updating the insurance brokers register. The Commission terminated Metaltrust Investor Care EDPC proceedings and requested more information from Biller Ltd. on its crypto-asset service provider application.
SupervisionAuthorisations & approvalsLicence approval