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2026-02-20•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority's report on KNIF Trygghet Forsikring AS highlights risk management deficiencies as the firm expands into Sweden. It criticizes operational risk assessment, strategic alignment, reliance on deferred tax for capital requirements, and outsourcing governance weaknesses. The authority has requested more documentation and will address payment protection insurance issues separately.
SupervisionReviews, inspections & stress testsRisk managementCorporate governance
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2026-02-20•Hungary•National Bank of Hungary
The National Bank of Hungary's Trends in Lending update for 2025 Q4 shows a significant increase in lending, with household loans rising 14.7% and corporate loans up 7.5% year on year. The Home Start loan programme drove a 130% increase in housing loan disbursements, while corporate loan demand improved, particularly for forint and short-term lending. Despite a challenging economic and regulatory environment, banks anticipate increased consumer-loan demand and continued corporate-loan growth, especially among SMEs.
Data & statisticsLending
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2026-02-20•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1110 to streamline the process for issuers changing their public offering regime, following a public consultation under General Resolution No. 1104. The resolution introduces a simplified application procedure and differentiated requirements to reduce regulatory burdens while maintaining CNV oversight. It mandates compliance with the new regime's requirements and a public tender offer for equity issuers, ensuring transparency and investor protection.
Policy & regulationRules & requirementsRegulatory burden
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2026-02-20•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has revoked GALENO ASEGURADORA DE RIESGOS DEL TRABAJO S.A.'s authorization due to a capital deficit exceeding ARS 12.9bn, initiating its dissolution and forced judicial liquidation. The insurer failed to submit a recovery plan after acknowledging its financial incapacity. A general asset freeze is in place, and the Reserve Fund will ensure benefits for workers once judicial liquidation is ordered.
SupervisionAuthorisations & approvalsCapital adequacy
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2026-02-20•Paraguay•Central Bank of Paraguay
The Monetary Policy Committee of the Central Bank of Paraguay unanimously cut the monetary policy rate by 25 basis points to 5.50% on 20 February, bringing cumulative easing since January to 50 basis points, citing moderating inflation, inflation expectations anchored at the 3.5% target, and still-strong economic activity. The Committee said annual inflation was 2.7% in January, projected 2026 GDP growth at 4.2%, and reiterated that the monetary policy stance remains neutral while it monitors domestic and external developments to ensure compliance with the 3.5% target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-20•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) released a video explaining the roles of AFCA, the Australian Securities and Investments Commission (ASIC), and the Compensation Scheme of Last Resort (CSLR) for consumers affected by the Shield and First Guardian Master Funds collapse. AFCA handles complaints, assessing if firms acted fairly and complied with obligations, with compensation possible if the firm is solvent. If insolvent, consumers may claim up to AUD 150,000 under the CSLR, while ASIC investigates misconduct and supports consumer guidance initiatives.
Financial literacy & educationComplaints and dispute resolution
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2026-02-20•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC has filed criminal complaints against Bitazza International Limited, Bitazza Co., Ltd., and their executives for allegedly operating a digital asset exchange without a license. The SEC found Bitazza Global facilitated unlicensed trading and solicited Thai users, leading to executive liability. Measures to block public access to Bitazza Global have been initiated, and users are advised to manage their assets accordingly.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-02-20•Canada•Canada Deposit Insurance Corporation
The Canada Deposit Insurance Corporation released “A working woman’s guide to financial wellness,” outlining steps for women to create financial plans and safeguard savings. The guide emphasizes setting clear goals, utilizing tax-advantaged accounts like the First Home Savings Account and Registered Education Savings Plan, and highlights CDIC's protection of eligible deposits up to CAD 100,000 per category. It also advises simplifying money management through automatic transfers and financial planning tools.
Financial literacy & educationFinancial literacy and education
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2026-02-20•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendency of Colombia, with the Superintendence of Companies and the Superintendence of Industry and Commerce, will host the first 2026 "Me informo y cuido mi dinero" event in Ibagué on 26–27 February. The initiative aims to equip the public with tools to prevent fraud, featuring sessions for businesses, students, and the general public. Since 2022, the campaign has engaged nearly 5,000 individuals through events and media outreach.
Financial literacy & educationConsumer and investor protection
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2026-02-20•Canada•British Columbia Securities Commission
The British Columbia Securities Commission announced that Critical Reagent Processing Corp. will pay CAD 30,000 for breaching Canadian disclosure standards for mineral projects. The violation involved a 2018 news release on its Lac Aux Bouleaux property in Quebec, omitting essential data verification and quality control details. The company, formerly Graphite Energy Corporation, has no prior regulatory infractions, and current management was not involved at the time.
EnforcementInvestigations & enforcement actionsDisclosures
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2026-02-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has proposed amendments to regulatory acts to harmonize the legal framework for traditional and Islamic banking. The draft aims to update credit risk management, collateral monitoring, and capital requirements.
Policy & regulationRules & requirementsCapital adequacyCredit risk
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2026-02-19•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) fined trade repository REGIS-TR, S.A. EUR 1,374,000 for seven infringements of the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions Regulation (SFTR), marking ESMA's first enforcement action involving SFTR breaches. The infringements included serious issues affecting services, such as compromised data confidentiality and inadequate governance and risk management. ESMA ordered REGIS-TR to address ongoing breaches and highlighted negligence as a factor.
EnforcementInvestigations & enforcement actionsOperational risk and resilience
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2026-02-19•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) is facilitating the implementation of the Law on Consumer Credits, effective since November 2025, through meetings with commercial banks. Key changes include a cap on effective interest rates, elimination of certain fees, stricter creditworthiness assessments, and enhanced consumer protection measures. The CBCG plans ongoing support to ensure consistent application and harmonized market practices.
Policy & regulationGuidance & interpretationLending
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2026-02-19•South Africa•National Treasury (South Africa)
South Africa's National Treasury has extended the deadline for public comments on the draft General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Bill, 2025 to 2 March 2026. The draft was initially published for a 30-day comment period starting 14 January 2026.
Policy & regulationRules & requirementsAML and CFT
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2026-02-19•Europe•European Central Bank
The European Central Bank fined J.P. Morgan SE EUR 12.18 million for misreporting risk-weighted assets, affecting capital ratios and risk assessments. The bank misclassified corporate exposures and excluded certain transactions from credit valuation adjustment risk calculations over several years. The ECB cited serious negligence and deficiencies in internal controls, classifying the breaches as severe and moderately severe.
EnforcementInvestigations & enforcement actionsCapital adequacyAccounting and financial reporting
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2026-02-19•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic approved the appointments of Ainura Turdugulova as chief accountant and Gulnara Esenbekovna Sydygalieva as deputy chief accountant at Open Joint Stock Company Capital Bank of Central Asia.
Institutional developmentLeadership change & appointmentsLicence approval
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2026-02-19•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission released the final report from Direct Public Consultation Process No. 1/2024 on draft regulations for the chart of accounts for non-bank financial institutions and collective investment undertakings.
Policy & regulationGuidance & interpretationAccounting and financial reporting
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2026-02-19•Europe•European Central Bank
The European Central Bank (ECB) reports broad compliance from banks in managing climate and nature-related risks, with 108 of 110 banks meeting expectations without penalties. Executive Board member Frank Elderson highlighted supervisory simplifications, including streamlined inspections and reports, but noted insufficient progress in risk data aggregation. The ECB is also monitoring synthetic risk transfers and seeks clarity on implementing the Fundamental Review of the Trading Book.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
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2026-02-19•Japan•Japan Securities and Exchange Surveillance Commission
Japan's Securities and Exchange Surveillance Commission filed a criminal complaint alleging insider trading in Makino Milling Co., Ltd. shares, involving three suspects from Mita Securities Co., Ltd. The suspects allegedly purchased 329,100 shares using non-public information about a tender offer, violating the Financial Instruments and Exchange Act, with potential penalties of up to five years' imprisonment or a JPY 5 million fine.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-02-19•Europe•European Securities and Markets Authority
The European Securities and Markets Authority and National Competent Authorities have agreed on deferrals to the Markets in Financial Instruments Regulation for sovereign bonds, allowing delayed volume disclosure for certain trades. Excluding the National Bank of Slovakia, this permits omission of traded volume publication for medium-sized trades on liquid sovereign bonds in Group 1 until the end of the trading day. The deferrals start on 4 May 2026, with concerns about the short lead time for trading venues and firms.
Policy & regulationRules & requirementsTrading
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2026-02-19•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus is launching a public outreach initiative to gather citizens' views on savings and investment, culminating in a roundtable event titled “Financial Literacy for Life – European Citizens’ Dialogue” on 26 March 2026. A short survey will be conducted at selected sites and online to inform targeted financial education actions. Key figures, including the Commissioner for Financial Services and the Central Bank Governor, will feature, and the event will be livestreamed on YouTube.
Financial literacy & educationFinancial literacy and education
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2026-02-19•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico’s Ministry of Finance, with US authorities, expanded account-blocking measures for a timeshare fraud linked to the Jalisco New Generation Cartel. The Financial Intelligence Unit added six individuals and one entity to Mexico’s Blocked Persons List, complementing the US Office of Foreign Assets Control's designation of 24 subjects. Complaints were filed for alleged money laundering, aligning with Mexico’s legal framework and Financial Action Task Force standards.
EnforcementSanctions & designationsNew sanctions designations
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2026-02-19•Brazil•Central Bank of Brazil
The Central Bank of Brazil detailed its approach to virtual assets, distinguishing between cryptoassets and virtual assets per Brazilian law. The framework, based on BCB Resolutions 519 and 520, aligns with Financial Action Task Force recommendations, assigning regulatory authority over virtual assets to the Central Bank, while tokenised transactions under specific laws fall under the Brazilian Securities and Exchange Commission.
Policy & regulationGuidance & interpretationFintech and insurtechBlockchain and distributed ledger technology
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2026-02-19•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has referred a case to the Attorney General concerning a company's non-compliance with a final disciplinary decision under Article 127 of Law No. 7 of 2010. The case involves a listed company on Boursa Kuwait and its board directors failing to pay a fine prescribed by Decision No. 36/2025, despite being notified on 12 November 2025.
EnforcementInvestigations & enforcement actionsWhistleblowing
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2026-02-19•Greece•Ministry of National Economy and Finance (Greece)
The Ministry of National Economy and Finance (Greece) launched an electronic platform for issuing a "Certificate of classification of borrowers with performing debts in Swiss francs" to facilitate conversion into EUR under Law 5264/2025. Borrowers are classified into four categories, each offering different conversion rates and fixed interest terms, with special provisions for those with disabilities. Applications are submitted online, and the ministry provides support through the myEGDIXlive service and a Q&A guide on the debt settlement framework.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-19•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in a financial inclusion workshop in Luanda, focusing on responsible investment and investor protection for former combatants and veterans. The event, themed “Bongo, Kukole, Kuvanga e Vuluza: Dinheiro é Poupar, Investir e Proteger”, aimed to enhance financial literacy and access to formal financial services.
Financial literacy & educationFinancial literacy and education
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2026-02-19•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission joined a financial literacy workshop in Bengo province on 13 February 2026, focusing on business creation and management for young entrepreneurs. Contributions from the Angola Financial Literacy Academy and Banco de Comércio e Indústria emphasized financial inclusion and digital payment expansion. The event involved 309 young entrepreneurs and featured banks and payment service providers.
Financial literacy & educationFinancial literacy and education
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2026-02-19•United Kingdom•Payment Systems Regulator
The Payment Systems Regulator fined Bank of Ireland UK plc GBP 3,779,300 for failing to implement Confirmation of Payee by the deadline for Group 1 payment service providers. BOIUK's delay resulted in over 1.14 million transactions without CoP checks, totaling approximately GBP 6.9bn. The bank settled early, receiving a 30% discount on the original GBP 5.4m penalty.
EnforcementInvestigations & enforcement actionsOperational risk and resilience
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2026-02-19•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) is consulting on amendments to its Market Abuse Regulation guidelines to align with the Listing Act's revised disclosure regime. Key proposals include removing immediate disclosure requirements for protracted processes and adding legitimate interests for delay, such as public authority requests and the need for more information. ESMA also suggests deleting the guideline on the "no misleading the public" condition.
Policy & regulationGuidance & interpretationMarket abuse
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2026-02-19•Europe•European Central Bank
ECB Executive Board member Piero Cipollone advocated for a digital euro to complement cash and reduce reliance on non-European payment providers, emphasizing the need for a robust legal framework. The digital euro would feature universal acceptance, free basic use, and privacy safeguards, with banks distributing it and holding limits applied. Cipollone noted the ECB's plans for a pilot exercise and highlighted ongoing work on wholesale and cross-border payments, including the Pontes initiative.
Policy & regulationImplementation, projects & pilotsCBDC
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2026-02-19•Europe•European Central Bank
The European Central Bank released research titled “Consumption and saving amid uncertainty: recent insights from the CES”, examining consumption and saving behaviour in uncertain conditions.
ResearchFinancial literacy and education
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2026-02-19•Europe•European Central Bank
The European Central Bank published a research paper analyzing the temporal variability of reserve elasticity in euro area money market rates.
Research
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2026-02-19•Italy•Bank of Italy
The Bank of Italy published updated statistics on the Balance of Payments and International Investment Position, reflecting data as of December 2025.
Data & statisticsBalance of payments and other external statistics
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2026-02-19•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) has instructed Euronext to suspend trading in RAPID NUTRITION shares due to potential price manipulation linked to a "pump and dump" scheme. The suspension is effective from 19 February to 13 March 2026, pending further market information. The AMF advises investors to retain evidence of transactions and submit it via the Epargne Info Service channel.
SupervisionInterventionsMarket risk and volatilityConsumer and investor protection
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2026-02-19•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has released Information Sheet 295 detailing its regulatory approach for employee entitlement schemes under the Corporations Act 2001, effective 1 April 2026, including a transition to Australian financial services (AFS) licensing. The sheet outlines transitional relief, the AFS licence application process, and ongoing obligations. ASIC plans to introduce a new legislative instrument in March 2026, providing further relief and will consult with scheme operators before finalization.
Policy & regulationGuidance & interpretationOther
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2026-02-19•Cyprus•Ministry of Finance (Cyprus)
The Cyprus Ministry of Finance announced legislation to privatize the Cyprus Stock Exchange and transfer Central Depository and Securities Registry duties to a strategic investor. The law ensures operational continuity and public interest protection during the transition, as part of broader capital market modernization. It includes provisions for CSE staff transfers or compensation under an early retirement plan, safeguarding labor rights.
Policy & regulationRules & requirementsMarket development
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2026-02-19•Peru•Central Bank of Peru
The Central Bank of Peru reported a trade balance surplus of USD 34,573 million in 2025, an increase of USD 10,271 million from 2024, driven by a 21.8% rise in exports. Export prices rose 16.7%, with significant increases in gold and copper prices, while export volumes grew 4.4% due to higher outputs in fruits, cocoa, fishing, and metals. In December 2025, the trade balance surplus was USD 3,999 million, with exports up 33.5% and imports up 16.4% year-on-year.
Data & statisticsBalance of payments and other external statistics
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2026-02-19•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario reported a rise in workplace pension plan membership by approximately 200,000 in 2025, with defined contribution plan participation increasing by 9%. Despite this growth, FSRA research indicates many Ontarians are not adequately preparing for retirement, with 80% lacking a fully developed retirement plan and 50% not reading their annual pension statements. FSRA encourages reviewing pension statements, using online tools, consulting financial professionals, and updating retirement plans.
Financial literacy & education
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2026-02-19•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury released an Artificial Intelligence Lexicon and the Financial Services AI Risk Management Framework to guide AI use in the financial sector, supporting the President’s AI Action Plan. The Lexicon standardizes AI terminology, while the Framework adapts the National Institute of Standards and Technology’s AI Risk Management Framework for financial services. These resources are part of broader efforts by the Artificial Intelligence Executive Oversight Group to address AI-related issues like identity, fraud, and data practices.
Policy & regulationGuidance & interpretationArtificial intelligence
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2026-02-19•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission's Division of Trading and Markets issued an FAQ on the treatment of payment stablecoins under the broker-dealer net capital rule, allowing a 2% haircut on proprietary positions. Commissioner Hester M. Peirce supported this approach, noting it aligns with reserve-backed stablecoins and invited feedback on potential rule modifications for SEC-registered entities.
Policy & regulationGuidance & interpretationStablecoins
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2026-02-19•United States•Federal Reserve Board
The Federal Reserve Board will conduct a hybrid public outreach meeting on March 26, 2026, as part of its Economic Growth and Regulatory Paperwork Reduction Act review. The meeting will gather stakeholder input on regulations affecting Board-supervised institutions, covering areas such as consumer protection, money laundering, and the Community Reinvestment Act. The session will be held in Washington, D.C., and livestreamed.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2026-02-19•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
MONEYVAL published its evaluation of Latvia's AML/CFT/CPF system, noting strong performance and progress since the last review, but highlighting gaps in risk-based supervision of the non-financial sector. The report commends Latvia's understanding of money laundering and terrorist financing risks, effective international cooperation, and robust beneficial ownership transparency. However, it calls for improved risk assessment by the State Revenue Service and the Latvian Council of Sworn Advocates, and notes delays in asset recovery processes.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2026-02-19•Uganda•Bank of Uganda
The Bank of Uganda has named Absa Bank Uganda the best performing primary dealer market maker in Uganda Government Securities for October 2024 to September 2025. It cited the bank’s performance in primary auctions, secondary market quoting, interbank trading, and support for market liquidity and price discovery.
OtherActivity and performance reporting
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2026-02-19•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) issued an alert about market communications on Dubai’s Real Estate Tokenisation Pilot, emphasizing that tokenised real estate offerings need regulatory approval. The pilot is in a controlled testing phase, focusing on secondary-market mechanisms and future expansion. VARA warned against unauthorized promotional claims and advised relying on official communications and verification through VARA’s Public Register.
SupervisionAlertsTokenization
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2026-02-19•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee Ranking Member Elizabeth Warren urged Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell to confirm they won't use taxpayer-backed tools to support Bitcoin or crypto intermediaries after Bitcoin's crash. Warren highlighted potential misuse of the Treasury’s Exchange Stabilization Fund and the Federal Reserve’s Section 13(3) facilities, emphasizing intervention would benefit wealthy crypto investors and called for stronger protections for retail investors amid significant crypto scam losses.
Policy & regulationOtherFinancial stability and systemic risk
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2026-02-19•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has launched an initiative to streamline insurance supervision by reducing cost, duplication and administrative friction in reporting, filings and supervisory interactions, while maintaining prudential standards and supervisory effectiveness. Measures include consolidating regulatory returns, harmonising definitions, expanding use of a common data dictionary, enhancing pre-submission validation and making its secure electronic portal the primary channel for applications, notifications, document uploads and supervisory communications.
SupervisionSupervision approach, priorities & toolkitRegulatory burden
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2026-02-19•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) issued a release for Pension Awareness Day, urging young and new employees to engage with workplace pension plans and maximize employer matching. The release highlights practical steps for optimizing pensions and refers to the 2025 Report on Pension Plans Key Highlights for further information. BCFSA regulates over 600 pension plans in British Columbia.
Financial literacy & educationFinancial literacy and education
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2026-02-19•Canada•Canadian Securities Administrators
The Canadian Securities Administrators have finalized amendments to Multilateral Instrument 25-102 to enhance assurance report requirements for designated benchmarks. The changes specify the level and timing of assurance reports and introduce new requirements for non-commodity, non-critical, and non-interest rate benchmarks. These amendments are set to take effect on May 5, 2026, pending ministerial approvals.
Policy & regulationRules & requirementsFinancial benchmarks
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2026-02-19•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier reported a 0.32% monthly increase in total net assets for Luxembourg UCIs, reaching EUR 6,199.370 billion by end-December 2025. The increase was driven by net capital investment despite a negative financial market impact. The report also noted changes in UCI listings and highlighted market trends, including US Federal Reserve rate cuts and stable European Central Bank rates.
Data & statisticsOther
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2026-02-19•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission conducted a hybrid "OIC Cyber Awareness 2026" training to enhance cybersecurity and personal data protection awareness among staff. The program addressed recent online-crime losses exceeding THB 95 billion, prevalent scam types, and strategies to counter AI-driven threats, including "human in the loop" checks to mitigate deepfake risks.
Institutional developmentCooperation & capacity buildingCyber resilience
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2026-02-19•British Virgin Islands•British Virgin Islands Financial Services Commission
The British Virgin Islands Financial Services Commission commenced its 2026 "Meet the Regulator" forums, with over 200 participants attending the initial session in Tortola. Key discussions focused on beneficial ownership implementation, economic substance filings, and upcoming regulatory reforms. Additional sessions are scheduled in Panama, London, and Hong Kong.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-19•Bermuda•Ministry of Finance (Bermuda)
Bermuda’s Ministry of Finance summarized the Financial Policy Council’s thirtieth meeting, focusing on economic performance, financial stability risks, and resilience in the international life (re)insurance sector. Discussions included the 2025 Fiscal Responsibility Panel assessment, GDP, Balance of Payments, employment data, and stress test results showing resilience to a 2008-like crisis. Efforts to improve recovery and resolution planning for banking and insurance, and preparations for an AML/CFT assessment by the Caribbean Financial Action Task Force, were also reviewed.
Policy & regulationImplementation, projects & pilotsFinancial stability and systemic riskAML and CFT
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2026-02-19•Moldova•National Bank of Moldova
The National Bank of Moldova hosted a workshop with regulators and financial-sector participants to enhance risk-based customer due diligence in anti-money laundering and counter-terrorist financing. The event aimed to align AML/CFT measures with EU directives and Financial Action Task Force principles, ensuring financial integrity while maintaining access for legitimate customers. This initiative is part of the EU and Council of Europe Partnership for Good Governance programme.
Policy & regulationImplementation, projects & pilotsAML and CFTDomestic cooperation
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2026-02-19•Latvia•Ministry of Finance (Latvia)
Latvia's Finance Minister Arvils Ašeradens will visit Warsaw for discussions with Polish counterparts on bilateral economic cooperation, financial-sector development, and regional security. Meetings will focus on financial innovation, digital services, energy independence, and macroeconomic challenges, including strategic conditions for Polish banks' expansion in the Baltic region.
Policy & regulationCooperationCross-border cooperation
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2026-02-19•Sweden•Riksbank
Sweden's Riksbank has made operational changes to help banks manage liquidity as the system's surplus declines due to reduced securities holdings. The Riksbank will increase transparency by shortening the resale notification window for Riksbank certificates and promptly publishing resale information. It will also provide data on expected central bank liquidity for long-term planning, with updated loan terms for Riksbank Certificates effective 24 February 2026.
Monetary policyMonetary policy instruments & operationsLiquidity risk
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2026-02-19•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission's quarterly bulletin for Q3 2025 shows a 7.5% increase in assets under management (AUM) to EUR 11.4bn, despite a decrease in the number of supervised entities to 312. AUM was primarily managed by alternative investment fund managers (63%), with significant investments in private equity and real estate.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-19•Europe•European Central Bank - Banking Supervision
Frank Elderson, Vice-Chair of the ECB’s Supervisory Board, stated that ECB Banking Supervision has enabled banks to manage climate and nature-related risks without penalties, while maintaining an "escalation ladder" for those lagging in risk data aggregation and reporting. He highlighted a supervisory process starting in 2020, with most banks meeting the 2024 risk management milestone. Elderson also noted ongoing supervisory simplification efforts and flagged concerns over synthetic risk transfers and the implementation of the Fundamental Review of the Trading Book in Europe.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
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2026-02-19•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision fined J.P. Morgan SE EUR 12.18 million for incorrectly reporting risk-weighted assets, leading to misstated capital requirements and ratios. The bank misclassified corporate exposures, applied incorrect credit risk weights over 15 quarters, and excluded certain transactions in credit valuation adjustment risk calculations over 21 quarters. The breaches, linked to serious negligence in internal processes, are classified as "severe" and "moderately severe." J.P. Morgan SE may appeal the decision.
EnforcementInvestigations & enforcement actionsCapital adequacy
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2026-02-19•Brazil•Central Bank of Brazil
The Central Bank of Brazil released the December 2025 Economic Activity Index (IBC-Br), offering updated insights into Brazil's economic activity.
Data & statisticsEconomic data and developments
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2026-02-19•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has signed cooperation agreements with several public faculties to enhance academic links and support student and researcher development. The agreements include joint research projects, guest lectures, internships, and scientific publishing partnerships. Future agreements are planned with faculties in Mostar and Banja Luka.
Institutional developmentCooperation & capacity buildingCapacity building
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2026-02-19•Oman•Oman Financial Services Authority
The Oman Financial Services Authority has amended the unified motor insurance policy to include automatic cover for material damage from natural disasters and weather-related events, effective 19 February. New requirements mandate timelines for claims settlement and introduce compensation for repair delays, with detailed rules forthcoming. The policy also permits cash compensation under specific controls and expands the list of covered spare parts to 37 items.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2026-02-19•Global•International Monetary Fund
The International Monetary Fund (IMF) highlighted South Africa's macroeconomic stability through 2025, supported by a 3 percent inflation target, while emphasizing the need for job-rich growth and addressing high public debt and unemployment. The IMF noted improved financial stability, with strengthened banking frameworks and a focus on emerging risks, and outlined fiscal strategies to stabilize and reduce debt. Structural reforms under Operation Vulindlela, including private investment in electricity and transport, are projected to boost growth.
ResearchFintech and insurtech
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2026-02-19•Global•International Monetary Fund
IMF Managing Director Kristalina Georgieva, at the India AI Impact Summit, highlighted AI's potential to boost global GDP growth by up to 0.8 percentage points and create a net addition of 1.3 jobs for every AI-related hire. She emphasized the risks of job displacement and the importance of a human-centred AI approach. Georgieva also encouraged India to share its practical AI advancements with low-income and developing countries.
Research
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2026-02-19•Global•International Monetary Fund
The IMF's 2026 Article IV consultation with Azerbaijan emphasizes fiscal consolidation, monetary policy strengthening, and completing Financial Sector Assessment Program recommendations. Growth slowed to 1.4% in 2025, with inflation exceeding the Central Bank's target. The IMF supports maintaining the countercyclical capital buffer, implementing the liquidity coverage ratio, and introducing the net stable funding ratio to boost financial sector resilience.
ResearchEconomic data and developments
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2026-02-19•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed a compliance order on Andi Efovia to cease insurance business activities in Ontario and fined him CAD 25,000. Efovia violated Ontario’s Insurance Act by acting as an unlicensed insurance agent and misrepresenting his status. He did not contest FSRA’s proposal or request a hearing.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-02-19•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC is creating a liaison function to combat extortion by expediting tactical financial intelligence sharing with select law enforcement. This involves onsite engagement with priority agencies in British Columbia, Alberta, and Ontario, supported by reassigned intelligence officers for strategic analysis and faster disclosures. The goal is to enhance information exchange and identify emerging money laundering indicators linked to extortion.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2026-02-19•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC announced initiatives to enhance detection and reporting of extortion-related money laundering. The plan includes developing Targeted Indicator Profiles, sector-specific outreach events, and a special bulletin, leveraging law enforcement expertise and public-private partnerships. FINTRAC aims to improve the quality of suspicious transaction reports and facilitate information sharing for potential law enforcement disclosures.
Policy & regulationGuidance & interpretationAML and CFT
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2026-02-19•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) introduced "Targeted Indicator Profiles" (TIP sheets) to enhance strategic financial intelligence sharing on extortion and money laundering. Under the Countering Extortion Partnership, FINTRAC collaborates with financial institutions to develop early-stage indicator profiles, improving suspicious transaction report timeliness and quality. This initiative refines indicators through private-sector feedback, aiding tactical financial intelligence generation for law enforcement and other authorized entities.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2026-02-19•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury outlined priorities for the 2026 G20 Finance Track, focusing on modernizing financial regulation, enhancing debt transparency, and endorsing a digital assets ecosystem. Key meetings include finance ministers and central bank governors in Asheville, North Carolina, and a Leaders’ Summit in Miami, Florida.
Policy & regulationReform agendas & prioritiesCross-border paymentsFinancial literacy and education
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2026-02-19•United States•U.S. Securities & Exchange Commission
SEC Chair Paul S. Atkins and Commissioner Hester M. Peirce introduced "Project Crypto" at ETHDenver, a joint effort with the CFTC to clarify crypto asset regulations. Proposed actions include a framework for crypto asset investment contracts, an "innovation exemption" for limited trading of tokenized securities, and rulemaking on broker-dealer custody of non-security crypto assets. The initiative will involve ongoing collaboration with Congress and the CFTC.
Policy & regulationReform agendas & prioritiesSecurities offerings and listings
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2026-02-19•Europe•Council of Europe
MONEYVAL, the Council of Europe's anti-money laundering and counter-terrorist financing body, evaluated Latvia's effectiveness, noting strong performance but improvement needs in non-financial sector supervision. The report highlights Latvia's robust risk understanding, international cooperation, and beneficial ownership transparency, while calling for enhancements in risk assessment methodologies and legal person pursuit. Latvia is under regular follow-up with a roadmap for key actions by 2028.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2026-02-19•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority has published a consultation paper proposing targeted amendments to the PRA Rulebook and a minor change to its Pillar 2 methodologies statement of policy to reflect HM Treasury’s intended Overseas Prudential Requirements Regime, with minimal expected impact on firms. The proposals clarify the treatment of “exposures to institutions,” adjust eligibility of collateral and protection providers, extend “eligible covered bond” treatment, restate the 100% risk weight for certain public sector entities, and align large exposures provisions with the revised concepts.
Policy & regulationRules & requirementsRegulatory reporting
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2026-02-19•Kyrgyzstan•State Service for Regulation and Supervision of Financial Markets
The State Service for Regulation and Supervision of Financial Markets in the Kyrgyz Republic reported on licensing and registration activities from 9–13 February 2026. Key actions included securities registrations for CJSC Vog and OJSC Ala-Too Resort, issuance results for several companies, and permits for pawnshop and lottery activities. The authority also revoked several pawnshop licenses and completed audit registrations.
SupervisionAuthorisations & approvals
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2026-02-19•Ghana•Bank of Ghana
The Bank of Ghana and the Central Bank of Liberia have established a strategic partnership through a Memorandum of Understanding (MoU) to enhance central banking operations. The MoU covers cooperation in areas such as macroeconomic forecasting, monetary policy, reserve management, bank supervision, AML/CFT, digital currency, and AI applications, with potential for expansion.
Policy & regulationCooperationCapacity building
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2026-02-19•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved KYKLOS HOLDING SINGLE-MEMBER SOCIETE ANONYME's request to exercise the squeeze-out right on AKRITAS S.A. shares under Article 27 of Law 3461/2006.
SupervisionAuthorisations & approvalsCorporate governance
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2026-02-19•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has signed cooperation agreements with several public faculties to enhance institutional links with academia and support research and skills development. The agreements include joint research projects, guest lectures, internships, and collaboration in scientific publishing. Further agreements are planned with additional faculties to align with the Central Bank's business needs.
Institutional developmentCooperation & capacity buildingCapacity buildingFinancial literacy and education
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2026-02-19•Sweden•Finansinspektionen
Sweden's Finansinspektionen (FI) has initiated an analysis to assess how selected life and non-life insurers incorporate sustainability risks into corporate governance, focusing on risk management. This effort aims to enhance FI's supervisory understanding and facilitate dialogue with firms. The analysis is part of FI's 2026 priorities on sustainability risks related to climate change and is not a compliance assessment.
SupervisionRisk monitoring & watch pointsClimate risk and sustainable finance
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2026-02-19•Spain•Bank of Spain
The Bank of Spain and the National Bank of Ukraine have agreed to collaborate on digital transformation, psychological support for war-affected staff, and work-study visits for NBU employees. The agreement involves developing AI solutions for database access and payment system monitoring, with NBU personnel seconded to Spain. The Bank of Spain will also fund a psychological support program for NBU staff and facilitate training placements in Spain.
Policy & regulationCooperationCross-border cooperation
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2026-02-19•Cuba•Central Bank of Cuba
The Central Bank of Cuba announced that major banks have implemented measures to ensure February 2026 pension payments despite electricity and transport challenges. In Villa Clara, Banco de Crédito y Comercio, Banco Popular de Ahorro, and Casa de Cambio will prioritize pension payments and foreign-exchange services during power outages, with revised operating hours and staffing adjustments. Banks are promoting electronic payments due to cash constraints, with ATMs restocked daily except Sundays and withdrawal limits set.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-02-19•Uganda•Uganda Capital Markets Authority
The Uganda Capital Markets Authority mandates full compliance with the Capital Markets Authority (Corporate Governance) Regulations, 2025, for all public listed companies and market intermediaries following the transition period's expiry. The Authority will enforce compliance and take remedial measures against non-compliant entities under its supervisory powers in the Capital Markets Act, Cap. 64.
Policy & regulationRules & requirementsCorporate governance
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2026-02-19•Global•Financial Stability Board
The Financial Stability Board (FSB) has initiated a strategic review of its crisis preparedness activities to address emerging vulnerabilities in the global financial system. Andrea Enria will chair a high-level group to assess preparedness across the crisis cycle and recommend changes to internal processes and structures. The review aims to reinforce the Key Attributes of Effective Resolution Regimes as the international standard for resolution.
Policy & regulationReform agendas & prioritiesRecovery and resolution
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2026-02-19•Albania•Albania Financial Services Authority
The Albania Financial Services Authority concluded the fifth "Let's Learn About the Stock Exchange" competition, educating students on stock market decision-making and risk through virtual trading. The event involved 111 participants from 20 educational institutions, with portfolios evaluated by an international jury. AMF Executive Deputy Director Merita Gurabardhi highlighted the importance of financial education for a transparent capital market aligned with European standards.
Financial literacy & educationFinancial literacy and education
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2026-02-19•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) announced that its cooperation with the Brazilian Financial and Capital Markets Association (ANBIMA) led to ANBIMA entering into terms of commitment with six institutions in the fund industry. These commitments primarily relate to ANBIMA’s codes on third-party resource management and investment product distribution. The cooperation aims to enhance supervision, reduce duplication, and align enforcement.
SupervisionCooperationSupervision process and methodologies
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2026-02-19•Jordan•Jordan Securities Commission
The Jordan Securities Commission conducted an awareness workshop on the 2025 Indexing and Classification of Information and Documents System, focusing on amendments to the Law on Guaranteeing the Right to Information. The session covered requirements for indexing, classifying confidential information, and forming a committee to oversee these processes, including capacity-building for staff across government entities.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2026-02-19•Middle East•Arab Monetary Fund
The Arab Monetary Fund's quarterly bulletin reported mixed performance in Arab stock markets by Q4 2025, with the AMF composite index down 1.04% from Q3 but up 5.61% year-on-year. Indices rose in 10 markets, notably Amman, Egypt, and Muscat, while six exchanges, including Saudi Arabia and Damascus, saw declines. Total market capitalisation fell by USD 107bn to USD 4,208.08bn, attributed to declining oil prices, weaker energy and petrochemicals performance, and broader economic and geopolitical factors.
Data & statisticsFinancial and market indicatorsMarket development
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2026-02-19•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE signed a Memorandum of Understanding with the UAE Internal Auditors Association to enhance financial oversight through international auditing standards and modernized governance frameworks. The agreement includes joint initiatives for developing oversight systems, exchanging expertise, and promoting internal oversight culture. It also aims to enhance skills and accelerate Emiratization in the internal audit profession.
SupervisionCooperationAuditingCorporate governance
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2026-02-19•Russia•Central Bank of Russia
The Central Bank of Russia reported a year-on-year decrease in the trade surplus for Q4 2025, leading to a narrower current account surplus. Goods exports fell due to lower global prices for oil, gas, and coal, and reduced Russian fuel supplies, while imports remained stable. The services balance deficit widened as services imports, particularly from foreign travel, increased more than exports.
Data & statisticsBalance of payments and other external statistics
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2026-02-19•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported that Dutch households ended 2025 with a 7.8% increase in securities portfolios, reaching EUR 204.3 billion, despite market volatility. The growth was primarily driven by favorable price developments, with net purchases contributing modestly. In Q4, household sales offset stock price gains, resulting in a stable portfolio value, while listed shareholdings and bond holdings declined due to sales and maturing bonds.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-19•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority has suspended United Cooperative Insurance Company from issuing or renewing any vehicle insurance policies, including comprehensive coverage, effective Feb. 19, 2026. Existing policy and claims obligations remain in force, and the suspension will continue until the company rectifies its position and demonstrates regulatory compliance.
SupervisionAuthorisations & approvalsConsumer and investor protectionComplianceClaims management
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2026-02-19•Switzerland•Swiss National Bank
The Swiss National Bank has detailed its Extended Liquidity Facility (ELF) framework, offering liquidity support to Swiss banks against collateral. The ELF will include mortgages and securities as eligible collateral and will be tested with pilot banks and SIX entities until mid-2026. Full documentation and contracts are anticipated by summer 2026, with the ELF set to launch in early 2027.
Monetary policyMonetary policy framework & strategyLiquidity risk
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2026-02-19•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan conducted an investor awareness session at the Pakistan Institute of Development Economics in Islamabad, focusing on financial planning and informed decision-making. The session aimed to enhance financial literacy and protect students from fraudulent schemes by covering topics such as budgeting, saving, and identifying Ponzi and pyramid schemes.
Financial literacy & educationFinancial literacy and educationConsumer and investor protection
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2026-02-19•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands (CBSI) will maintain an accommodative monetary policy for six months, introducing a 1.5% policy rate to guide interest rates and enhance transparency. CBSI revised its growth outlook to 3.6% for 2025 and 3.8% for 2026, with inflation projected to rise temporarily in early 2026 before easing. CBSI remains vigilant to adjust its stance if inflationary pressures or macroeconomic shocks occur.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-19•Philippines•Central Bank of the Philippines
Bangko Sentral ng Pilipinas cut the Target Reverse Repurchase rate by 25 bp to 4.25 %, lowering overnight deposit and lending facility rates to 3.75 % and 4.75 % and bringing cumulative easing since April 2025 to 150 bp. Citing weaker domestic demand and “manageable” inflation expected to return to the 3 % goal by 2027, the Board kept a 50 bp policy corridor and reaffirmed its data-dependent stance.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-19•Indonesia•Bank Indonesia
Bank Indonesia left the BI-Rate unchanged at 4.75% (Deposit 3.75%, Lending 5.50%) for a fifth straight meeting after 150 bp of cuts since September 2024, prioritising rupiah stabilisation and keeping inflation within the 2.5 ± 1% target for 2026-27 while sustaining growth. It is ramping up FX and bond-market operations to support the currency and signalled scope for further easing if price pressures stay contained amid a softer global outlook.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-02-19•United Kingdom•HM Treasury
HM Treasury confirms transferring prudential requirements to Prudential Regulation Authority rules for Basel 3.1, establishing new Overseas Recognition Regimes. Draft regulations replace equivalence mechanisms with a UK-specific regime, designating overseas jurisdictions for prudential treatments. The finalized approach affects exchanges, covered bonds, and investment firms, effective 1 January 2027.
Policy & regulationRules & requirementsCapital adequacy
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2026-02-19•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission has appointed Dr. Abdulkader Thomas as the inaugural Sultan Nazrin Shah Fellow to lead research in Islamic finance, effective 1 November 2025. The fellowship will focus on Islamic financial markets, Maqasid al-Shariah, impact investing, and ESG considerations, while fostering collaboration with global partners through the SC's partnership with the Oxford Centre for Islamic Studies.
Institutional developmentLeadership change & appointmentsClimate risk and sustainable finance
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2026-02-19•Canada•Alberta Securities Commission
Securities regulators across several Canadian provinces and territories have adopted final amendments to Multilateral Instrument 25-102, refining assurance report obligations for designated benchmarks. The amendments specify the level and timing of assurance reports required and introduce new requirements for non-commodity, non-critical, and non-interest rate benchmarks. These changes are pending ministerial approval and are set to take effect on 5 May 2026.
Policy & regulationRules & requirementsFinancial benchmarks
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2026-02-19•Qatar•Qatar Financial Centre Regulatory Authority
The Qatar Financial Centre Regulatory Authority settled with Experts Credit Solutions Consultancy LLC over unauthorised credit facility arrangements conducted from January 2023 to October 2024. The firm will pay a reduced penalty of QAR 145,800 (USD 40,000) and QAR 36,450 (USD 10,000) for investigation costs, reflecting its cooperation and remedial actions. The settlement concludes the investigation to the regulator's satisfaction.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-02-19•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) released the "Balance of the CMF’s Mandates," outlining its strategic framework for implementing Prudential, Market Conduct, and Market Development mandates. The CMF emphasizes a case-by-case approach to managing trade-offs, focusing on risk analysis and empirical evidence, with no statutory hierarchy among mandates. The Board highlights the importance of internal transparency, accountability, and periodic reviews of risk analysis.
Policy & regulationReform agendas & prioritiesPrudential risksMarket development
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2026-02-19•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) announced the termination of enforcement actions for several banks, including First Federal Savings Bank of Kentucky and Unity National Bank of Houston. Terminations occur when banks comply with enforcement articles, when articles become outdated, or are incorporated into new actions.
EnforcementInvestigations & enforcement actionsOther