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2026-02-24•South Korea•South Korea Financial Supervisory Service
South Korea's Financial Supervisory Service reported a 0.50% delinquency rate for won-denominated loans at domestic banks as of December 2025, down from 0.60% in November but up from 0.44% a year earlier. Newly delinquent loans decreased by KRW 0.2 trillion, while resolved loans increased by KRW 3.2 trillion. Delinquency rates fell across major segments, with business loans at 0.59% and household loans at 0.38%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-24•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission approved amendments to the Enforcement Decree under the Act on Restriction on Special Cases Concerning Taxation, requiring "high dividend companies" to disclose compliance with special tax treatment for stock dividend income. These disclosures, filed as corporate value-up plans with the Korea Exchange, must be submitted by fiscal year-end and within a day after dividend declarations. The Korea Exchange will update disclosure forms and provide guidance, including abridged filing examples.
Policy & regulationRules & requirementsDisclosures
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2026-02-24•Global•International Monetary Fund
The IMF concluded its 2025 Article IV consultation with Kuwait, noting economic recovery amid OPEC+ cuts and strong non-oil growth, while inflation moderates. It recommended gradual fiscal consolidation and structural reforms, including tax extensions and public sector adjustments, for long-term fiscal sustainability. The IMF also advised the Central Bank of Kuwait on monetary policy adjustments due to a credit cycle upturn and the upcoming Real Estate Financing Law.
Policy & regulationPeer reviews and country evaluationsOther
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2026-02-24•Global•International Monetary Fund
The International Monetary Fund's 2025 Article IV consultation for Kuwait highlights the country's shift from an oil-dependent welfare state to a diversified economy. Key reforms include the Financing and Liquidity Law, increased public investment, and adjustments to energy subsidies and mortgage lending.
Research
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2026-02-24•Global•Financial Action Task Force
The Financial Action Task Force (FATF) published a paper on cyber-enabled fraud, detailing how jurisdictions can leverage FATF Standards to combat scams and recover illicit funds. The paper underscores the prevalence of fraud, with over 40% of crimes in the UK attributed to it, and highlights techniques like phishing and AI-enabled deepfakes. FATF emphasizes international cooperation, faster information sharing, and asset recovery, prioritizing fraud in upcoming years and participating in the Global Fraud Summit in Vienna in March 2026.
Policy & regulationInternational standards & recommendationsCyber resilience
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2026-02-24•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait issued a notice referencing the International Monetary Fund's press release on the conclusion of the 2025 Article IV consultation with Kuwait.
Other
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2026-02-24•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced a new service schedule for its Coin Collection Programme's "Coin Carts" from 23 March to 31 May 2026. Since its inception in 2014, the programme has facilitated 1,454,000 transactions, collecting 1,106 million coins valued at HKD 1,787 million. The Coin Carts, equipped with coin counting machines and staff support, offer free coin exchange services across Hong Kong's 18 districts.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-02-24•Australia•Parliament of Australia
The House of Representatives Standing Committee on Economics is holding public hearings on digital payment schemes and emerging technologies, focusing on credit card and payment system fairness, competitiveness, and affordability. The inquiry will assess the impact of payment costs on small businesses and consider digital currencies and blockchain technology. Key regulators, major banks, global card networks, and industry bodies will provide evidence.
Policy & regulationOtherPayments and payment systemsFintech and insurtech
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2026-02-23•Cuba•Central Bank of Cuba
The Central Bank of Cuba emphasized ICT-enabled learning, especially the Moodle platform, in enhancing training amid digital transformation. The article outlines Moodle's benefits for flexible training and identifies challenges like connectivity issues, digital literacy gaps, and data protection needs. It also explores potential applications in digital banking and risk management training to support electronic services like Transfermóvil and Enzona.
Institutional developmentTechnology & data transformationFinancial literacy and educationIT management
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2026-02-23•Ghana•Ghana National Insurance Commission
Ghana's National Insurance Commission (NIC) has endorsed the Insurance Retirees Forum of Ghana (IRFG) to enhance the insurance sector through veteran expertise. Led by the Chartered Insurance Institute of Ghana (CIIG), the initiative aims to integrate retirees into strategic planning, provide mentorship, and offer technical advisory support. An interim advisory council, chaired by Mr. Peter Osei-Duah, has been established to guide the forum's activities.
Policy & regulationImplementation, projects & pilotsLeadership change and appointments
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2026-02-23•Europe•European Central Bank
ECB President Christine Lagarde emphasized central bank independence and the resilience of the ECB’s Governing Council in her acceptance speech for the 2026 Paul A. Volcker Lifetime Achievement Award. She highlighted the ECB's swift policy actions, including a €750 billion emergency asset purchase programme and significant interest rate adjustments. Lagarde also discussed the euro area's shift towards higher domestic investment and the importance of supply-side reforms to enhance growth.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2026-02-23•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg's Working Paper 204 examines how countries use corporate taxation and public investment to attract mobile private capital. The study finds that convergence in infrastructure and technology depends on factors like infrastructure depreciation, diffusion rates, and initial conditions. It also suggests that significant frictions in public investment adjustment may lead countries to favor tax-based competition over infrastructure investment.
ResearchOther
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2026-02-23•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has suspended the exchange bureau licence of ARZYBAY LLC in Bazar-Korgon, Jalal-Abad region, from 21–25 February 2026. The suspension is due to breaches of Kyrgyz Republic legislation and the National Bank’s regulations.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-23•Ukraine•National Bank of Ukraine
The National Bank of Ukraine has enhanced its statistical foreign exchange market indicators by adding new data series on investment metals transactions. This includes volumes of investment metals purchased by banks from clients and transactions involving physical delivery by households. The data will be published monthly, with historical data available from January 2025.
Data & statisticsFinancial and market indicatorsForeign exchange policy and markets
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2026-02-23•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has launched a public consultation on the European Market Infrastructure Regulation (EMIR 3), focusing on central counterparties' requirements for eligible collateral, investment policy, and emission allowances. The consultation seeks input on conditions for accepting various guarantees and treating debt instruments as eligible for CCP investment policies. ESMA invites feedback from all stakeholders, including non-financial counterparties, to address the expanded scope of acceptable guarantees and entities under EMIR 3.
Policy & regulationRules & requirementsCCPs
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2026-02-23•Global•Bank for International Settlements
The Bank for International Settlements' BIS Bulletin No 122 examines the macroeconomic significance of "AI giants" in the AI supply chain, concentrated in the U.S., China, Chinese Taipei, Korea, and the Netherlands. It notes U.S. and Chinese firms dominate multiple supply chain layers, while others like TSMC and ASML focus on specific inputs. It discusses vertical integration, jurisdictional AI strategies, and suggests policy measures for fair access, competition, and oversight.
ResearchArtificial intelligence
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2026-02-23•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has revoked the operating licence of Nozax a.d. Podgorica due to the firm's cessation of investment and ancillary services. Clients have been instructed to withdraw or transfer their assets following the decision made at the Authority's 171st session under the Capital Market Law.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-02-23•South Africa•National Credit Regulator
South Africa's National Credit Regulator issued guidance for credit providers on mitigating money laundering, terrorist financing, and proliferation financing risks under the Financial Intelligence Centre Act. Credit providers must implement a risk management and compliance programme (RMCP) with a risk-based approach, customer due diligence, and reporting to the Financial Intelligence Centre. The RMCP requires board or senior management approval and submission to the FIC upon request.
Policy & regulationGuidance & interpretationAML and CFT
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2026-02-23•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) concluded its criminal investigation into alleged banking offences at PT Bank Perkreditan Rakyat Panca Dana, naming three suspects and transferring the case to the public prosecutor. The investigation uncovered schemes involving false records and fictitious lending, with significant financial misappropriations. The suspects face charges under the amended Banking Law, with potential penalties of up to 15 years' imprisonment and fines of IDR 5 billion.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-02-23•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has withdrawn its guidelines on MiFID II and MiFIR market data obligations to align with new regulatory technical standards on making market data available on a reasonable commercial basis. The RTS on RCB took effect on 23 November 2025, with a transition period until 22 August 2026 for pre-authorised market data providers to adjust contracts. ESMA has invited stakeholders to discuss issues related to these rules and the RTS application.
Policy & regulationGuidance & interpretationRegulatory burden
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2026-02-23•Europe•European Central Bank
The European Central Bank released a working paper by Rodolfo Dinis Rigato introducing a closed-form least-squares filtering algorithm for linear sequence-space models to recover unobserved structural shocks from observed data. The paper emphasizes computational efficiency and adaptability to various data challenges, with an application to a New Keynesian model demonstrating the filter's effectiveness. The research is independent and does not reflect ECB views.
ResearchOther
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2026-02-23•Europe•European Central Bank
The European Central Bank's Working Paper analyzes the impact of borrower-based macroprudential measures on mortgage lending standards in 15 euro area countries from 2009 to 2023. The study finds that banks generally tighten mortgage credit standards and terms around the implementation of these measures, with the strongest effects observed in the implementation quarter. Legally binding measures and high pre-implementation mortgage loan or real estate price growth amplify the tightening effect.
ResearchMacroprudential policy and toolsPrudential risks
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2026-02-23•Ukraine•National Bank of Ukraine
The Bank for International Settlements released a lecture by National Bank of Ukraine First Deputy Governor Sergiy Nikolaychuk on Ukraine's inflation targeting since 2015. The lecture discusses the decision-making context, framework development, implementation outcomes, and lessons learned.
ResearchMonetary policy decisions and developments
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2026-02-23•Belgium•National Bank of Belgium
The National Bank of Belgium appointed Tom Dechaene as vice-governor by royal decree on 14 February 2026. Dechaene will retain his role as director, a position he has held since 2014. He succeeds Steven Vanackere.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-02-23•Australia•Australian Securities & Investments Commission
ASIC Commissioner Alan Kirkland emphasized enforcement efforts after the Shield and First Guardian Master Funds collapse, with 12 cases and 26 investigations. Actions include asset-freezing orders, licence cancellations, and civil penalty proceedings against entities like Equity Trustees and Macquarie Investment Management. ASIC is reviewing financial advice licensees using lead generation services and enhancing consumer assistance through updated Moneysmart tools and campaigns.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-02-23•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) participated in the Punta Cana Carnival for the second year, using its "Tu Futuro" interactive chair to promote retirement planning. This initiative aimed to integrate pension and financial education into a recreational environment, engaging families through interactive activities.
Financial literacy & educationFinancial literacy and education
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2026-02-23•British Virgin Islands•British Virgin Islands Financial Services Commission
The British Virgin Islands Financial Services Commission plans to open a representative office in Panama to enhance its presence in Latin America, following extensive market research. This will be the Commission's second overseas office, aimed at strengthening service to Latin American users of BVI financial services. The office is expected to be operational in 2026, with a director and regional staff to be appointed.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-23•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has paused finalization of its proposed rule and licensing regime for Life and Health Managing General Agents, initially targeted for 1 June 2026. The Government of Ontario will announce next steps for the framework. FSRA acknowledged stakeholder input from the consultation process and anticipates ongoing engagement.
Policy & regulationRules & requirementsLicensing framework and process
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2026-02-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren urged Congress in a Fox News op-ed to legislate a 10% cap on credit card interest rates, criticizing President Trump for not fulfilling his promise to lower these costs. Warren highlighted potential consumer savings of USD 100 billion annually and criticized efforts to undermine the Consumer Financial Protection Bureau. She mentioned possible Senate Banking Committee hearings in March 2026 to advance the legislation.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2026-02-23•United States•New York State Department of Financial Services
The New York State Department of Financial Services has proposed rules to implement New York's new law for buy now, pay later (BNPL) loans, establishing a licensing and supervisory framework. The rules include consumer protection requirements for disclosures, fees, dispute handling, and data privacy, prohibit excessive fees, and limit late and penalty fees. Lenders must disclose credit reporting practices and ensure timely dispute resolution, with protections against consumer data misuse.
Policy & regulationRules & requirementsBNPL
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2026-02-23•Poland•Central Bank of Poland
The Central Bank of Poland said M3 money supply fell by PLN 22.7 billion in January 2026 to PLN 2,715.0 billion, mainly because deposits and other claims of non-financial corporations declined. Corporate deposits fell 4.5% and social security funds also dropped, while household and local government holdings increased modestly. The bank added that methodological changes from the January 2026 data affect some reported values.
Data & statisticsMonetary data
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2026-02-23•Europe•European Central Bank
Claudia Buch, Chair of the ECB Supervisory Board, stressed that strong prudential regulation boosts banks' competitiveness by fostering resilience and trust. ECB recommendations aim to simplify regulation, maintain resilience, and align with international standards. Priorities include upholding global standards, enhancing cross-border services, maintaining capital standards, and completing the banking union with a European deposit insurance scheme.
Policy & regulationReform agendas & prioritiesMarket development
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2026-02-23•Peru•Central Bank of Peru
The Central Bank of Peru reported a trade surplus of USD 34,573 million in 2025, representing 10.1% of GDP, an increase of USD 10,271 million from 2024. The fourth quarter surplus was USD 12,049 million, driven by higher export prices and volumes in both traditional and non-traditional sectors, and a decline in import prices. Peru has achieved 22 consecutive quarters of trade surpluses.
Data & statisticsBalance of payments and other external statistics
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2026-02-23•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) is accepting applications for new members to join its Real Estate Roundtable, aimed at fostering dialogue with regulated entities and gathering insights on industry challenges. Up to 16 members will be selected based on strategic knowledge and senior-level experience, reflecting the diversity of British Columbia’s real estate services industry.
Institutional developmentCooperation & capacity buildingHiring and recruitment
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2026-02-23•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority fined Fine Investment Inc., operating as Nick Financial Investment, CAD 75,000 for unauthorized deposit-taking and non-compliance with a formal undertaking under the Financial Institutions Act. The firm solicited deposits without authorization and failed to return or cease new ones as promised. The penalties include CAD 50,000 for unauthorized activities and CAD 25,000 for breaching the undertaking, with no dispute or appeal filed.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-02-23•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has launched a webpage centralizing resources for the regulatory framework on covered bonds, following the transposition of Directive (EU) 2019/2162. It includes Regulation CSSF No 25-03 and Circulars CSSF 25/895 and 26/907, detailing requirements for Luxembourg credit institutions. The CSSF plans regular updates to ensure access to the latest regulatory developments.
Policy & regulationGuidance & interpretationSecuritization
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2026-02-23•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) unveiled its 2026 policy direction, initiating the Fifth Insurance Development Plan for 2026–2030, focusing on stability, resilience, inclusion, and technology-driven supervision. Key measures include preventive, risk-based intermediary supervision, enhancing market-conduct oversight, and implementing group-wide prudential supervision. The plan emphasizes reinsurance supervision, national catastrophic risk management, and digitisation initiatives like e-policy issuance and AI-enabled reporting platforms.
Policy & regulationReform agendas & prioritiesOther
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2026-02-23•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission announced four senior staff appointments in Chairman Michael S. Selig’s office, including Brooke Nethercott as Director of the Office of Public Affairs and Emma Johnston as Senior Agriculture Advisor. Meghan Tente and Elizabeth Mastrogiacomo were named Senior Advisors. The announcement also acknowledged Taylor Foy's service as acting director of the Office of Public Affairs.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-02-23•Bolivia•Financial System Supervisory Authority of Bolivia
Bolivia's Financial System Supervisory Authority released guidelines for a National Financial Inclusion Strategy emphasizing equity, security, and access. Key pillars include digital transformation, financial education, consumer protection, and gender-focused initiatives for women with tailored credit and savings products. The strategy aims to extend services to all municipalities through diverse channels, involving a five-stage technical process with working groups and a national survey.
Policy & regulationReform agendas & prioritiesFinancial inclusionFinancial literacy and education
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2026-02-23•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority granted Al-Mawazi Capital preliminary approval to obtain a licence as a qualified securities broker on the stock exchange. This approval is valid for six months, allowing the company to meet the Authority's criteria before obtaining a three-year renewable licence.
SupervisionAuthorisations & approvalsLicence approval
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2026-02-23•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority granted Al Sahel Development and Investment Company in-principle approval to be licensed as a qualified securities broker on the stock exchange. This approval is valid for six months, allowing the firm to meet the Authority’s criteria before obtaining a renewable three-year licence.
SupervisionAuthorisations & approvalsLicence approval
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2026-02-23•United States•Federal Reserve Board
The Federal Reserve Board published a FEDS Note analyzing banks' expectations for future lending standards using microdata from the Senior Loan Officer Opinion Survey. The study introduces an Expected Credit Supply Index (E-CSI) to capture shifts in expected credit supply not explained by macroeconomic forecasts or bank characteristics. Findings indicate that the E-CSI predicts deviations in lending standards, with notable easing in 2021 and tightening in 2023, and its predictive power persists longer than raw outlook measures, especially for business loans.
ResearchLending
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2026-02-23•United States•Federal Reserve Board
Federal Reserve Board Governor Christopher J. Waller, at the National Association for Business Economics’ Economic Policy Conference, suggested the Federal Open Market Committee's March meeting could hold the policy rate steady or cut it by 25 basis points, contingent on labor-market data. Waller highlighted January's mixed employment signals and noted inflation's temporary tariff effects. His decision will depend on February employment and CPI data.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-02-23•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) revoked Global Seguros, S.A.'s authorization due to persistent non-compliance with financial and operational requirements since 2019. The firm's prudential indicators showed severe deterioration, including a solvency margin of -521.1% and a guarantee fund of -752%, with a capital need exceeding AOA 8bn. ARSEG will transfer Global Seguros' insurance portfolio to other insurers to maintain contract continuity and protect policyholders' rights.
SupervisionAuthorisations & approvalsSupervision process and methodologiesPrudential risks
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2026-02-23•France•France Autorite des marches financiers
France's Autorité des marchés financiers (AMF) released a dossier on the EU's transition to T+1 settlement, reducing securities transaction settlement to one business day post-execution. The change, effective 11 October 2027, aims to lower counterparty risk and enhance market stability and competitiveness. The AMF advises firms to prepare for the operational and organisational impacts of this shift.
Policy & regulationGuidance & interpretationMarket infrastructure
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2026-02-23•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Economics Working Paper examines how labour informality affects macroeconomic volatility, finding that higher informality increases consumption, investment, and inflation volatility. Using a DSGE model and cross-country data, the study reveals that formal-sector wage rigidities and financial exclusion of informal workers exacerbate aggregate fluctuations. The model accounts for 36% of the observed relationship between informality and consumption volatility and 60% for investment volatility.
ResearchOther
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2026-02-23•Estonia•Ministry of Finance (Estonia)
Estonia's Ministry of Finance proposed a draft law to enhance banks' ability to prevent payment fraud, allowing temporary transaction halts when fraud is suspected and information sharing with banks and authorities. It outlines procedures for pausing payments based on risk indicators and mandates customer confirmation before proceeding, responding to significant fraud losses, with residents losing nearly EUR 29 million in 2025.
Policy & regulationRules & requirementsAML and CFT
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2026-02-23•Europe•European Central Bank - Banking Supervision
European Central Bank Banking Supervision, led by Supervisory Board Chair Claudia Buch, stressed that strong regulation supports resilient banking models and warned against lowering standards for short-term growth. The ECB's recommendations to the European Commission aim to simplify legislation while upholding international standards. Priorities include preserving global competitiveness, enhancing cross-border services, maintaining strong capital standards, and strengthening banking union institutions, particularly through a European deposit insurance scheme.
SupervisionSupervision approach, priorities & toolkitMarket development
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2026-02-23•Bosnia and Herzegovina•Banking Agency of Republika Srpska
The Banking Agency of Republika Srpska listed the currency exchange office "VRAČ" (Rade Vračar s.p.) in its directory for exchange office service providers. The listing identifies Rade Vračar as the owner and provides the business address in Banja Luka.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-23•Rwanda•Rwanda Capital Markets Authority
At the Rwanda Stock Exchange's 15th anniversary gala, the Rwanda Capital Markets Authority highlighted strong regulation as crucial for a resilient stock exchange, aiming to position the RSE among Africa's top five. The next phase focuses on technology, digitalisation, and new products like real estate investment trusts, exchange-traded funds, and diaspora bonds. Over 15 years, the market transacted RWF 28.011 trillion, with a market capitalisation of RWF 6.6 trillion and RWF 2.71 trillion raised for infrastructure and business expansion.
Policy & regulationReform agendas & prioritiesMarket development
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2026-02-23•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency announced licensing decisions from its 61st Governing Council session, including a new authorisation for AGENCIJA SUZI d.o.o. for insurance distribution. It also confirmed the cessation of insurance distribution licences for Drinko Perić and Dean Valković.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-02-23•Global•International Monetary Fund
The IMF's 2025 Article IV consultation for Belgium highlights economic resilience but underscores vulnerabilities like structural fiscal deficits and rising public debt. It calls for deep reforms to address these issues, noting challenges from long-term spending pressures and an uncertain external environment. Despite government efforts on pension, tax, and labor market reforms, implementation faces obstacles from labor union resistance and coordination issues between regional and federal governments.
Policy & regulationInternational standards & recommendations
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2026-02-23•Global•International Monetary Fund
The IMF's Executive Board concluded the 2026 Article IV consultation with Belgium, noting economic resilience but highlighting structural fiscal deficits and rising public debt. The Board recommended sustained fiscal consolidation and structural reforms to stabilize debt and support growth, emphasizing efficient public investment and pension reform. The financial sector remains resilient, though vulnerabilities require monitoring, with potential increases in the countercyclical capital buffer if risks persist.
Policy & regulationGuidance & interpretationEconomic data and developments
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2026-02-23•The Gambia•Central Bank of the Gambia
The Central Bank of the Gambia signed a memorandum of understanding with Bahçeşehir University of Cyprus to enhance cooperation in human capital development, academic exchange, and research collaboration. The agreement was signed by the Governor, First Deputy Governor, Director of Human Resources, and Dr. Foday Joof of the Research Department.
Institutional developmentCooperation & capacity buildingCapacity building
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2026-02-23•India•Reserve Bank of India
The Reserve Bank of India has amended the Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, to include a Currency Declaration Form (CDF) for passengers arriving in India. The CDF is not required if foreign exchange does not exceed USD 10,000 in total or USD 5,000 in currency notes. Passengers must present the CDF when converting currency and retain it for Customs if not all foreign exchange is used.
Policy & regulationRules & requirementsCurrency and cash management
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2026-02-23•Jamaica•Bank of Jamaica
Bank of Jamaica’s Monetary Policy Committee cut the policy rate on deposit-taking institutions’ current-account balances by 25 bp to 5.50%, effective 24 February 2026, marking its first adjustment in nine months. The decision reflects improved food supplies, mild exchange-rate appreciation and easing second-round pressures expected to keep inflation within the 4–6% target, with the MPC pledging continued proactive FX operations and readiness to act if the outlook worsens.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-23•Kyrgyzstan•National Bank of the Kyrgz Republic
The National Bank of the Kyrgyz Republic raised its discount (key) rate by 100 bp to 12.00 %, the cycle high, citing persistent inflationary pressure and external price risks. Annual inflation is 9.6 % versus a 5–7 % target amid strong growth and credit expansion, and the bank signalled readiness to tighten further if price-stability risks intensify.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-23•Ghana•Bank of Ghana
Bank of Ghana Governor Dr. Johnson Pandit Asiama highlighted foreign exchange guidelines under the Foreign Exchange Act, 2006, aimed at streamlining market operations and enhancing transparency. The engagement with the UK-Ghana Chamber of Commerce clarified these directives and gathered feedback. Asiama linked the directives to broader policies, noting inflation reduction from 23.8% in December 2024 to 3.8% in January 2026 and improved financial conditions.
Policy & regulationGuidance & interpretationOther
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2026-02-23•Mexico•CONDUSEF
Mexico's CONDUSEF reported MXN 68.5 million recovered for users in Chihuahua from 2025 complaints, with 46.1% favorable outcomes. Most complaints involved unrecognized transactions and possible fraud, with commercial banks accounting for 56.0%. CONDUSEF emphasized its free procedures and warned against intermediaries charging fees.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2026-02-23•Bulgaria•Ministry of Finance (Bulgaria)
Bulgaria's Ministry of Finance outlined priorities for introducing the euro, emphasizing consumer protection and coordination with regulators to prevent speculative price increases. Finance Minister Georgi Klisurski described the transition as a gradual process aimed at building public confidence, with ongoing regulatory inspections to ensure compliance. Deputy ministers will join Coordination Centre meetings to expedite the process.
Policy & regulationReform agendas & prioritiesCurrency and cash management
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2026-02-23•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency has outlined the timeline and key milestones for incorporating a real estate investment company and conducting a public offering and trading of its shares. This aligns interlinked procedures requiring sequential agency decisions. The company is a special form of alternative investment fund focused on real estate, managed by an authorised fund manager, and subject to capital markets and prospectus regulations.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-02-23•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency has set up a test reporting environment for entities offering individual investment accounts under the new Law on Individual Investment Accounts (ZINR). Providers must be authorized and entered into a new public register, with a production reporting environment launching on 27 February 2026. Eligible providers include Slovenian and EU investment firms, management companies, and certain banks.
Policy & regulationImplementation, projects & pilotsRegulatory sandbox
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2026-02-23•Moldova•National Bank of Moldova
The National Bank of Moldova released January 2026 statistics on the non-cash foreign exchange market, detailing banks' foreign currency transactions against the Moldovan leu (MDL). The report highlights significant spot transaction volumes, with interbank and intrabank markets showing substantial EUR and USD activity, while swap activity was minimal and no forward transactions occurred. Data is from banks' regulatory reports and converted to EUR using monthly average exchange rates.
Data & statisticsCurrency and cash management
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2026-02-23•Moldova•National Bank of Moldova
The National Bank of Moldova disclosed its January 2026 foreign exchange market activity, reporting spot sales of EUR 2.0 million and swap purchases equivalent to EUR 9.363 million, with no forward transactions. Spot transactions impact the money supply, while swaps are reversible and do not affect long-term supply. Transactions are reported in euros using monthly average exchange rates, with swap volumes calculated as a daily weighted average.
Data & statisticsForeign exchange policy and markets
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2026-02-23•Moldova•National Bank of Moldova
The National Bank of Moldova, with the International Finance Corporation and Ceres, held an online session on climate risk impacts on Moldova's insurance sector. Experts from the U.S., EU, and the region discussed how climate risks affect insurance markets and regulatory expectations, noting significant natural-disaster losses. This training is part of a broader capacity-building initiative under the IFC Sustainable Finance Project in Moldova.
Institutional developmentCooperation & capacity buildingClimate risk and sustainable finance
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2026-02-23•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority will conduct a thematic review on compliance with countering the financing of terrorism, starting on-site inspections in April. The review will evaluate adherence to the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019 over 12–18 months, using existing data to minimize industry burden. The project aims to assess how entities manage terrorism financing and sanctions risks, while identifying best practices.
SupervisionReviews, inspections & stress tests
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2026-02-23•Georgia•National Bank of Georgia
The National Bank of Georgia met with financial institutions to discuss accessing China's bond market for reserve diversification. It plans to allocate 5% of reserves to CNY-denominated instruments. The meeting highlighted the yuan's growing international role and referenced similar investments by Japan, Australia, Switzerland, and the European Central Bank.
Monetary policyMonetary policy framework & strategyMarket development
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2026-02-23•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank published a speech by Olaf Sleijpen highlighting Europe's need to enhance resilience, economic growth, and stability, focusing on Ukraine's potential EU membership. Sleijpen emphasized DNB's contingency planning efforts and linked Europe's resilience agenda to challenges like climate risk and technological change. He advocated for Ukraine's EU membership, citing benefits such as increased defence capabilities and market expansion, while acknowledging the complexities of such enlargement.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2026-02-23•Malta•Malta Financial Services Authority
The Malta Financial Services Authority, with the European Commission, OECD, and Malta’s Ministry for Finance, hosted a workshop on Maltese retail investors' financial literacy. The survey showed literacy above the OECD average, but uneven investment knowledge and participation due to fear of loss and limited income. The MFSA will use these findings to enhance consumer awareness and market participation.
ResearchFinancial literacy and education
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2026-02-23•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) announced "Conexões PREVIC", a webinar series on changes to Resolution PREVIC 23/2023, as amended by Resolution PREVIC 26/2025. The five-part series will cover integrity, governance, supervision, ESG investments, and licensing procedures for closed pension entities. Sessions will stream on PREVIC’s YouTube channel, with questions addressed during presentations.
Policy & regulationGuidance & interpretationOther
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2026-02-23•Europe•European Banking Authority
The European Banking Authority's follow-up peer review highlights improvements in EU authorities' ICT risk assessment within the Supervisory Review and Evaluation Process, attributed to the Digital Operational Resilience Act. Despite progress, the report calls for further investment to ensure consistent ICT risk supervision across the EU. It urges authorities to fully integrate ICT risk methodologies and enhance supervisory convergence and operational resilience.
SupervisionPeer reviews and country evaluationsOperational risk and resilience
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2026-02-23•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, phishing emails, and fake internet banking screens targeting Industrial and Commercial Bank of China (Asia) Limited customers. The HKMA emphasized that banks will not request sensitive information or direct customers to websites via embedded hyperlinks. Affected individuals should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2026-02-23•Europe•Single Resolution Board
The Single Resolution Board has released updated operational guidance for banks on separability and transferability, aligning with resolvability self-assessment requirements. The guidance simplifies sections, applies greater proportionality, and includes a manual for transfer playbooks to address execution risks. It aims to support banks in demonstrating expected capabilities without introducing new deliverables.
Policy & regulationGuidance & interpretationRecovery and resolution
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2026-02-23•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) updated on the liquidation of FWU Life Insurance Lux S.A., noting that proof of claim submissions are being processed without automatic receipt acknowledgements. Creditors must register on the liquidator’s portal for updates and are advised to use Electronic Identity Cards for claims, as Italian paper IDs will be invalid from 3 August 2026. Further process details will be provided later.
SupervisionInterventionsOther
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2026-02-23•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC ordered Myloan Lending Investors, Inc. to stop coercive debt collection tactics and fined PHP 50,000 for a second SEC rules violation. The company breached SEC Memorandum Circular No. 18 (Series of 2019) and related regulations under Republic Act No. 11765. Further violations could lead to severe penalties, including suspension or revocation of the company's certificate of authority.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-02-23•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has licensed Babr Capital, a limited liability small deposit-taking credit organisation, to conduct banking operations in national and foreign currency. This authorization aligns with Tajikistan’s laws on the National Bank, microfinance organisations, and the licensing system.
SupervisionAuthorisations & approvalsOther
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2026-02-23•Uganda•Bank of Uganda
The Bank of Uganda extended the deadline for Regulated Financial Service Providers to update Know Your Customer practices and transact only with licensed Registered Societies or Savings and Credit Cooperative Societies (SACCOs) to 30 September 2026. This extension aims to facilitate further stakeholder engagement and allow eligible SACCOs, defined by specific savings and capital thresholds, more time to prepare licensing documentation. The Bank emphasized that stakeholder feedback may lead to changes in regulatory oversight.
Policy & regulationRules & requirementsLicensing framework and process
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2026-02-23•Albania•Albania Financial Services Authority
The Albania Financial Services Authority and the Association of Life Insurance Companies, Pensions and Investment Funds discussed aligning Albania’s non-bank financial regulatory framework with EU standards. The focus was on transposing the EU acquis under Chapter 9 “Financial Services” to enhance risk management and consumer protection. The parties agreed to continue consultations to support regulatory harmonisation and effective supervision.
Policy & regulationInternational standards & recommendationsCross-border cooperation
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2026-02-23•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan clarified that media reports misinterpreted its data on foreign companies ceasing operations, noting that the figure of 125 refers to cessations since 1977. Between 2022 and 2025, 19 foreign companies ceased operations, while 79 new ones were registered. As of February 2026, 1,157 foreign companies remain registered with the SECP.
Policy & regulationGuidance & interpretationOther
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2026-02-23•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued a market alert and suspended public offers of securities intermediation services by Trinota Markets (Global) Limited, Harindale LTD, and Oryx Finance Limited. These firms allegedly targeted Brazilian residents without CVM authorization, claiming regulation by foreign authorities. The suspension was formalized in Declaratory Act CVM 24,852.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-02-23•Iraq•Central Bank of Iraq
The Central Bank of Iraq issued a public alert regarding multiple fraud schemes targeting citizens, urging caution to avoid deception. The schemes include selling non-circulating commemorative notes as high-value currency, marketing black-coated paper as genuine currency, exchanging worthless withdrawn banknotes for Iraqi currency, and passing off reproduced or toy notes as real.
SupervisionAlertsFraud and scams
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2026-02-23•Global•Financial Stability Board
The Financial Stability Board has launched a thematic peer review on member jurisdictions’ implementation of public sector backstop funding mechanisms for firms in resolution, focusing on temporary, last-resort funding to support orderly resolution without systemic disruption or taxpayer losses. The review will assess progress on implementing Key Attribute 6 and related guiding principles for global systemically important banks, using a questionnaire and stakeholder feedback on cross-jurisdictional liquidity vulnerabilities, backstop design and safeguards against taxpayer losses and moral hazard.
Policy & regulationPeer reviews and country evaluationsRecovery and resolution
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2026-02-23•Croatia•Croatian Financial Services Supervisory Agency
Ante Žigman, President of the Croatian Financial Services Supervisory Agency's Board, participated in an EFRI Economic Forum panel on AI and digital transformation in the public sector. Žigman stressed that management and supervisory boards remain fully responsible for business decisions, even when AI tools provide recommendations. The panel examined AI's impact on public institutions, including governance, security, and ethical challenges.
Policy & regulationGuidance & interpretationArtificial intelligence
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2026-02-23•United Arab Emirates•Central Bank of the UAE
The Central Bank of the United Arab Emirates has issued a guidance note on consumer protection and the responsible use of artificial intelligence and machine learning by licensed financial institutions. The note outlines principles for governance, fairness, transparency, human oversight, and data privacy, aligning with the UAE's national AI strategy. It aims to balance technological advancement with consumer protection and financial stability.
Policy & regulationGuidance & interpretationArtificial intelligence
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2026-02-23•Ukraine•Ukraine National Commission on Securities and Stock Market
At the Kyiv International Cyber Resilience Forum 2026, the Ukraine National Commission on Securities and Stock Market outlined legislative priorities for crypto-asset regulation, cyber resilience, and digital market infrastructure. Amendments to the draft law on virtual assets are expected by March 2026, with a separate draft law for the Digital Operational Resilience Act (DORA) planned for summer 2026. The Commission aims to submit a draft law on Digital Ledger Technology by end-2026 to facilitate trading in securities and virtual assets.
Policy & regulationReform agendas & prioritiesFintech and insurtechBlockchain and distributed ledger technology
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2026-02-23•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed Tôn Thị Mai Vân to pay a VND 1,000,000 fee for the reissuance of a securities practice certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the Commission. Failure to complete the procedure within one year will result in the cancellation of the reissued certificate.
SupervisionAuthorisations & approvalsLicensing and supervisory fees
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2026-02-23•Israel•Bank of Israel
Bank of Israel’s Monetary Committee on 23 February 2026 kept the policy rate at 4.00 %, pausing after 50 bp of cuts since November, as inflation eased to 1.8 %—mid-range of its 1–3 % target—while growth and employment remained strong but Iran-related geopolitical risks intensified. The committee said future policy will hinge on inflation, economic conditions, geopolitical developments and fiscal factors.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-23•Portugal•Bank of Portugal
The Bank of Portugal reported that non-financial sector debt rose by EUR 28.9bn in 2025 to EUR 851.3bn, though its GDP share fell by 6.2 percentage points to 277.9% due to GDP growth. Public sector debt increased by EUR 11.7bn, driven by non-resident investment in Portuguese debt securities, while private sector debt rose by EUR 17.2bn, primarily from household borrowing for housing.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-23•Europe•Single Resolution Board
The Single Resolution Board will hold a technical meeting on 3 March 2026 to discuss its draft Operational Guidance for Business Reorganisation Plan Analysis Reports and a quantitative template, both under public consultation. The guidance consolidates existing requirements and aligns with Principle 7.3 of the SRB’s Expectations for Banks. The meeting aims to clarify report preparation for bail-in implementation and will be via conference call.
Policy & regulationGuidance & interpretationRecovery and resolution
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2026-02-23•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported that remittances from Egyptians abroad reached a record USD 41.5 billion in 2025, a 40.5% increase from USD 29.6 billion in 2024. In the first half of fiscal year 2025/2026, remittances rose 29.6% year-on-year to USD 22.1 billion. December 2025 saw a record monthly remittance of USD 4.0 billion, up 24.0% from December 2024.
Data & statisticsBalance of payments and other external statistics
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2026-02-23•Philippines•Philippines Insurance Commission
The Philippine Insurance Commission reported a 21.04% increase in pre-need industry net worth to PHP 33.87 billion in 2025, while net income rose 54.40% to PHP 7.96 billion. The sector held a PHP 16.03 billion surplus over required reserves, and plan sales increased 28.02% to 895,679.
Data & statisticsActivity and performance reportingCapital adequacyAsset quality
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2026-02-23•Brazil•Central Bank of Brazil
The Central Bank of Brazil has launched a new webpage for the Central Bank Economic Activity Index (IBC-Br), enhancing accessibility with visual and explanatory content. The page includes the latest IBC-Br data for December 2025 and features sectoral breakdowns and simplified explanations. Previously, IBC-Br data were available through the Time Series Management System and Excel spreadsheets.
Data & statisticsEconomic data and developments
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2026-02-23•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on a Government Standing Committee meeting led by Prime Minister Pham Minh Chinh, detailing post-Tet macroeconomic tasks. The central bank is to manage monetary policy proactively, coordinate with fiscal policies, support macro stability, control inflation, and monitor the gold market. Broader measures include strict spending discipline, full public investment disbursement, and a focused fiscal stance by the Ministry of Finance.
Policy & regulationGuidance & interpretationMonetary policy decisions and developments
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2026-02-23•Vietnam•State Bank of Vietnam
Governor Nguyen Thi Hong of the State Bank of Vietnam reviewed the banking sector's performance and set 2026 expectations, emphasizing macroeconomic stability, inflation control, and currency market stability. She outlined 2026 as the start of the 2026–2030 socio-economic development plan, targeting double-digit growth and macro stability. She instructed SBV units and state banks to implement tasks from her 2026 directive, focusing on strengthening the legal framework and digital transformation in banking.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2026-02-23•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) outlined its 2026 expectations during Lunar New Year visits to major credit institutions, emphasizing market stability, inflation control, risk management, technology adoption, and sustainable finance. SBV leaders urged BIDV and Agribank to enhance governance and innovation, with Agribank preparing for Basel III standards. Co-opBank and Vietnam Deposit Insurance were directed to implement SBV directives and prepare for deposit insurance law amendments effective May 2026.
SupervisionSupervision approach, priorities & toolkitLeadership change and appointments
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2026-02-23•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan released its monthly overview of renminbi (RMB) business, detailing activities by authorised domestic and offshore banking units. As of January 2026, RMB deposits totaled RMB 110.41 billion, with RMB 22.70 billion in discounts and loans, and RMB 182.63 billion in remittances for December 2025. The Taipei Branch of the Bank of China processed RMB 423 billion in settlements in January 2026.
Data & statisticsFinancial and market indicators
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2026-02-23•Egypt•Central Bank of Egypt
The Central Bank of Egypt's Governor met with the Minister of Higher Education to enhance cooperation between the banking sector and educational institutions, focusing on the "Future Scholars Fund" initiative. This supports high-achieving, socially eligible students with full scholarships, funded through contributions to Account No. 7070 in Egyptian banks. The first phase has already provided scholarships to 1,953 students.
Policy & regulationCooperationDomestic cooperation
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2026-02-23•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported that remittances from Egyptians abroad surged by 40.5% to USD 41.5 billion in 2025. In the first half of fiscal year 2025/2026, inflows increased by 29.6% to USD 22.1 billion. December 2025 saw a record-high monthly remittance of USD 4.0 billion, up 24.0% from December 2024.
Data & statisticsBalance of payments and other external statistics
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2026-02-23•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission announced measures to reform mutual savings banks, shifting focus from real estate to a balanced, real economy-oriented model. Key reforms include regulatory changes to support SME and MME lending, adjustments to credit supply practices, and enhanced governance and soundness standards. The FSC plans to implement these changes through legislative updates and ongoing industry engagement.
Policy & regulationRules & requirementsSME financing
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2026-02-23•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission has filed criminal charges against AUF MBZ Consortium PLT founder Datuk Wira Mahadi bin Badrul Zaman for alleged unlicensed capital market activity, and against two directors for alleged abetment. Mahadi faces charges under the Capital Markets and Services Act 2007 for activities between June 2021 and February 2024, while the directors are charged with abetment. All accused have claimed trial, with bail set at RM50,000 each, and face potential fines or imprisonment if convicted.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity