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2026-02-13•Russia•Central Bank of Russia
The Central Bank of Russia reported that banks' anti-fraud systems blocked 134.2 million fraudulent transactions in 2025, preventing RUB 13.9 trillion in potential losses, despite a 6.4% increase in stolen amounts to RUB 29.3 billion. Fraudulent transaction reports rose by 31.2%, attributed to a new in-app fraud reporting feature for large banks. The Bank also blocked 69,100 fraudulent phone numbers and 38,400 websites, noting a high incidence of targeted cyber attacks and ransomware incidents, often via contractors.
Data & statisticsFraud and scamsCyber resilience
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2026-02-13•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has initiated an open e-tender to secure consulting services for overseeing the implementation of its integrated IT system project. This 12-month consulting contract is funded by public investment and will be selected through an online one-stage, two-envelope procedure on the National E-Procurement System.
Institutional developmentProcurement
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2026-02-13•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) received 843 complaints about Shield's collapse and 1,319 about First Guardian Master Funds, expecting more due to ASIC's estimate of 5,800 Shield and 6,000 First Guardian investors. Complaints mainly target financial advice firms, with AFCA issuing 42 determinations and conducting nearly 500 investigations, while coordinating with ASIC and Super Consumers Australia.
SupervisionOtherComplaints and dispute resolution
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Household Expectations Survey shows a decline in the consumer sentiment index to 2.8 points from 4.8 in December 2025, though it remains positive for the third consecutive month. Forward-looking indicators suggest increasing optimism, with consumer outlook rising to 9.2 points for February 2026 and further improvements expected over the next six months. Price sentiment turned positive at 4.2 points, with expectations of low prices in the near term, despite a slight negative outlook for the next three months.
Data & statisticsEconomic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Inflation Expectations Survey Report shows a slight improvement in inflation sentiment, with the perception index easing to 41.4 points from 41.7 in December 2025. The report highlights that 86% of respondents believe Central Bank communication influences inflation expectations, while most expect inflation to remain stable short term. Key inflation drivers include energy, transportation, exchange rate, insecurity, and interest rates.
Data & statisticsEconomic data and developments
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2026-02-13•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini launched the Global Money Week 2026 high school competition, inviting schools to submit a theatre play or skit on financial decision-making under the theme “Smart Money Talks.” Open to all legally recognised high schools in Eswatini, cash prizes will be awarded to the top three entries. Submissions will be evaluated on theme relevance, creativity, clarity, effort, and originality, with content restrictions on language and political content.
Financial literacy & educationFinancial literacy and education
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2026-02-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the Exchange Fund’s key analytical accounts for January 2026, reporting a HKD 71.8 billion increase in foreign assets to HKD 3,597.3 billion. The Monetary Base was HKD 2,058.7 billion, with claims on the private sector at HKD 386.1 billion and foreign liabilities at HKD 63.9 billion; the February 2026 data release is scheduled for 27 February.
Data & statisticsMonetary data
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2026-02-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has concluded its public consultation on proposed enhancements to the Banking Ordinance, receiving broad support and outlining responses to feedback. The proposals aim to improve regulatory clarity and effectiveness while reducing compliance burdens, with legislative amendments expected to be introduced in 2026.
Policy & regulationRules & requirementsRegulatory burden
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2026-02-13•Global•Financial Markets Standards Board
The Financial Markets Standards Board published a Spotlight Review on AI in trading, highlighting its early-stage adoption in electronic trading systems and implications for risk and governance in global wholesale markets. AI is integrated within existing infrastructure under human supervision, with current controls addressing many risks but needing updates as AI complexity grows. The AI Working Group aims to develop guidance on model risk management and trading controls for AI models.
ResearchArtificial intelligence
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2026-02-13•Kosovo•Ministry of Finance (Kosovo)
Kosovo's Ministry of Finance, alongside the Central Bank of the Republic of Kosovo and the International Monetary Fund (IMF), announced the completion of Article IV consultations, projecting 3.8% economic growth in 2026. Finance Minister Hekuran Murati highlighted strong budget revenue and spending discipline, while Central Bank Governor Ahmet Ismaili noted the financial sector's health and advancements in supervision and digitalisation.
ResearchEconomic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Household Expectations Survey shows a decline in consumer sentiment to 2.8 index points from 4.8 in December 2025, though optimism about the broader economy persists. The Economic Condition index is at 7.4, the Family Financial Situation index is -8.2, and Family Income Sentiment is 9.1. Price sentiment improved to 4.2 from -1.4, with a decline in the average prices index to 22.6 from 25.9, reflecting perceived moderation despite high price levels.
Data & statisticsEconomic data and developments
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2026-02-13•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's January 2026 Business Expectations Survey reveals widespread optimism among firms, with a Confidence Index of 38.2 points expected to rise to 58.0 points in six months. The industry sector showed the highest macroeconomic confidence, while construction had the strongest expansion prospects. Despite positive sentiment, challenges such as insecurity, high taxes, and insufficient power supply were noted.
Data & statisticsEconomic data and developments
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2026-02-13•Singapore•Monetary Authority of Singapore
Singapore's Prime Minister and Minister for Finance announced the formation of a Growth Capital Workgroup, supported by the Monetary Authority of Singapore and the Ministry of Trade and Industry, to enhance Singapore's position as a growth capital hub. Chaired by Mr. Chee Hong Tat, the workgroup will explore strategies to deepen growth capital markets and aims to complete its review by end-2027.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-02-13•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan is transitioning from the AI Challenge hackathon to operational projects, signing cooperation memorandums with startups Global Move and Balcom Soft to support banking sector digitalisation and automation, in line with Presidential Decree No. UP-189. The initial project involves developing a national Uzbek-language Speech-to-Text model to enhance dialect and banking terminology recognition.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2026-02-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) announced enforcement actions against Tianfeng Securities for illegal financing and undisclosed related-party transactions with Wuhan Contemporary Technology Industry Group Co., Ltd. from 2020 to 2022. Proposed penalties include CNY 25 million in fines for Tianfeng and Contemporary Group, CNY 34.8 million for nine individuals, lifetime market bans for key executives, and disciplinary measures by the Shanghai Stock Exchange.
EnforcementInvestigations & enforcement actionsCorporate governance
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India has updated the framework for non-banking financial companies through the Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026, aligning loan asset classification and provisioning requirements with the 2025 IRACP directions. This amendment, effective immediately, replaces paragraph 25(1) of the 2025 directions.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-02-13•India•Reserve Bank of India
The Reserve Bank of India amended prudential directions for non-banking financial companies (NBFCs) on income recognition, asset classification, and provisioning, allowing eligible Default Loss Guarantee (DLG) cover to be factored into Expected Credit Loss (ECL) provisioning, subject to Indian Accounting Standards. Effective immediately, the amendments include disclosure and recalculation obligations, requiring NBFCs to adjust ECL provisioning as DLG cover reduces upon invocation.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-02-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has launched an investigation into Shenzhen Yingjixin Technology Co., Ltd. for suspected misleading statements on the Shanghai Stock Exchange E-interactive platform, involving alleged "self-questioning and self-answering" activities. The case will be addressed legally after a thorough investigation.
EnforcementInvestigations & enforcement actionsDisclosuresMarket abuse
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2026-02-13•China•China Banking and Insurance Regulatory Commission
China's State Administration of Financial Regulation, the People's Bank of China, and the China Securities Regulatory Commission held a joint meeting in Beijing to review 2025 efforts on financial consumer and investor protection. They plan to enhance coordination through regular meetings, policy documents, and information sharing, while urging financial institutions to integrate protection requirements comprehensively.
SupervisionCooperationConsumer and investor protection
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2026-02-13•China•China Banking and Insurance Regulatory Commission
China's State Administration of Financial Regulation, with the State Administration for Market Regulation and the People’s Bank of China, interviewed six travel platform companies about their lending business cooperation with financial institutions. The platforms were instructed to standardize marketing practices, ensure transparency in credit product information, and enhance consumer protection through better complaint handling and service quality.
SupervisionInterventionsConsumer and investor protection
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2026-02-13•China•Central Bank of the Republic of China
The People's Bank of China and Guangxi Zhuang Autonomous Region held a conference in Beijing to advance Guangxi's "financial open gateway" with ASEAN, focusing on enhancing financial cooperation, improving service efficiency with AI, and strengthening regional financial governance. Vice Governor Lu Lei emphasized better policy support and coordination, while Guangxi officials committed to leveraging geographic advantages and ensuring effective policy implementation.
Policy & regulationReform agendas & prioritiesMarket development
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2026-02-13•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) hosted Payments Forum 2026 at GIFT-IFSC, focusing on evolving payments infrastructure and cross-border transaction efficiency. Key discussions included IFSCA Payment Services Regulations 2024, the Foreign Currency Settlement System (FCSS), and digital onboarding initiatives, with over 1,100 entities registered and USD 19 billion in External Commercial Borrowing flows routed through IFSC channels in 2024–25.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2026-02-13•United States•Federal Reserve Board
Federal Reserve Board staff released a FEDS Notes analysis on AI infrastructure's impact on global trade, noting increased demand for critical inputs since early 2025. U.S. data-center spending exceeded USD 0.5 trillion in 2025. The analysis proposes a narrow trade measurement definition focused on specific Harmonized System categories. AI-related trade surged, with the U.S. and China leading growth, and supplier economies like Taiwan and Mexico benefiting from increased exports.
ResearchArtificial intelligence
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2026-02-13•United States•Federal Reserve Board
The US Federal Reserve Board released a FEDS Notes article detailing changes in the Federal Reserve's balance sheet from 1914 to 2025, emphasizing the post-2008 expansion and recent adjustments toward an "ample" reserves framework. It highlights key historical shifts, including the decline of gold's role post-Bretton Woods and the transition to federal funds rate targeting in the 1990s. The balance sheet peaked at 22% of GDP during the Great Depression and WWII, exceeded 25% in 2014, and was approximately 22% at the end of 2025.
ResearchAccounting and financial reporting
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2026-02-13•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) and India's International Financial Services Centres Authority (IFSCA) have signed a letter of intent to enhance cooperation on supervision, focusing on information exchange. The agreement covers sharing insights on financial market developments, regulation, business models, and technology use, effective from 13 February 2026.
SupervisionCooperationCross-border cooperation
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2026-02-13•Norway•Norwegian Finanstilsynet
Norwegian Finanstilsynet imposed a NOK 600,000 penalty on Revisorkonsult AS for breaches of the Auditor Act, citing deficiencies in quality management and audit work on expected credit losses. The penalty, reduced from NOK 750,000 after the firm's response, follows findings of inadequate audit evidence and documentation. Revisorkonsult AS can appeal the decision, with the penalty to be collected by the Norwegian Tax Administration.
EnforcementInvestigations & enforcement actionsAuditing
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2026-02-13•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) issued an order granting exceptive relief to financial institutions from parts of its 2016 Customer Due Diligence rule, removing the requirement to identify and verify beneficial owners each time a legal entity customer opens a new account. Institutions must now verify beneficial ownership only at the initial account opening, when reliability of information is questioned, or as required by risk-based procedures. All other Bank Secrecy Act obligations, including anti-money laundering measures, remain unchanged.
Policy & regulationRules & requirementsKYC
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2026-02-13•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi has issued a new anti-money laundering and counter-terrorist financing regulation and five circulars to enforce the amended AML/CFT law. This aligns Burundi's framework with Financial Action Task Force and Eastern and Southern Africa Anti Money Laundering Group standards, enhancing governance, due diligence, and transaction monitoring. The circulars address Know Your Customer requirements, transaction thresholds, and suspicious activity criteria, while setting compliance expectations and sanctions for non-compliance.
Policy & regulationRules & requirementsAML and CFTSupervision process and methodologies
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2026-02-13•Global•Financial Action Task Force
The FATF Plenary in Mexico City added Kuwait and Papua New Guinea to its increased monitoring list, adopted mutual evaluation reports for Austria, Italy, and Singapore, and approved work on cyber-enabled fraud and virtual assets. Governance updates include appointing Giles Thomson as FATF President from July 2026 to June 2028, with mutual evaluation and virtual asset reports set for publication in April–May 2026 and next month, respectively.
Policy & regulationRules & requirementsAML and CFT
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2026-02-13•Global•Financial Action Task Force
The Financial Action Task Force (FATF) updated its list of jurisdictions under increased monitoring, adding Kuwait and Papua New Guinea, while Algeria and Namibia are set for on-site assessments after substantial progress. The FATF emphasized a risk-based approach, avoiding de-risking, and highlighted concerns about Venezuela's oversight of the non-profit sector, urging reconsideration of parts of its NPO law.
Policy & regulationInternational standards & recommendationsAML and CFT
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2026-02-13•Guinea•Central Bank of the Republic of Guinea
The Central Bank of the Republic of Guinea is partnering with Mojaloop Foundation and GuiM on an acceleration programme for system integrators in Guinea. The programme offers practical training, collaboration with Mojaloop working groups and mentoring through real-world implementation, with a stated focus on financial inclusion.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-02-13•Australia•Reserve Bank of Australia
The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to the Monetary Policy Board, emphasizing his expertise in economics and monetary policy. Governor Michele Bullock also expressed gratitude to Alison Watkins for her service, as her term concludes on 28 February.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-02-13•Brazil•Central Bank of Brazil
The Central Bank of Brazil reported a security incident involving personal data linked to Pix keys at Banco Agibank S.A., with no exposure of sensitive data such as passwords or transaction details. Affected individuals will be notified through their institution's app or internet banking, and a detailed investigation is underway with potential sanctions as per existing regulations.
EnforcementInvestigations & enforcement actionsData protection
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2026-02-13•Canada•British Columbia Securities Commission
The British Columbia Securities Commission settled with Varandeep Singh Grewal, imposing a CAD 500,000 payment and 10-year bans from certain investment activities for breaching the Securities Act by disseminating misleading investor relations materials for a purported mineral exploration start-up. The materials falsely claimed operational and technological advancements, while the company was still in the exploration phase.
EnforcementInvestigations & enforcement actions
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2026-02-13•Samoa•Central Bank of Samoa
The Central Bank of Samoa issued a request for proposal to conduct a strategic review of the National Financial Inclusion Strategy II and to draft the National Financial Inclusion Strategy III.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2026-02-13•United States•Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council will update the Uniform Bank Performance Report commercial bank peer group definitions on or shortly after 26 February 2026, as part of a review initiated in 2025 by the Task Force on Surveillance Systems.
Policy & regulationRules & requirementsSupervision process and methodologies
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2026-02-12•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico's Ministry of Finance and Public Credit reported MXN 58.6 billion in profits for the development banking sector in 2025, with a Capital Adequacy Ratio of 28.5% and total assets exceeding MXN 3.1 trillion. The sector originated over MXN 870 billion in direct credit to the private sector, with total placements, including guarantees, reaching MXN 1.149 trillion.
Data & statisticsCapital adequacyAsset quality
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2026-02-12•Europe•European Central Bank
European Central Bank Executive Board member Philip R. Lane, speaking in Sofia, praised Bulgaria's smooth transition to the euro, noting minimal impact on prices and Bulgaria's new role in Eurosystem decision-making. He emphasized the euro's role in addressing structural and geopolitical risks and highlighted Bulgaria's need for institutional improvements, cautioning about potential inflation and credit dynamics, while endorsing fiscal reforms.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2026-02-12•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved Team-98 Holding AD’s EUR 23 million bond issue, authorised two new mutual funds, and registered Smart Organic AD’s new share issue, while suspending a tender offer for Momina Krepost AD and declining a crypto-asset licence request due to incomplete submissions. Additionally, amendments to the Rules of Structure and Operation of the Guarantee Fund were adopted, awaiting publication in the State Gazette.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-02-12•Czech Republic•Czech National Bank
The Czech National Bank has released its 2026–2028 research priorities framework to enhance transparency and alignment with monetary policy and financial stability, focusing on areas such as monetary policy transmission, model innovation, financial stability, and AI. This framework is linked to a 2024 external review and will be complemented by an updated list of research questions to address short-term analytical needs.
Institutional developmentOtherArtificial intelligenceMarket infrastructure
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2026-02-12•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released a FAQ document on Regulation (EU) 2022/2554, the Digital Operational Resilience Act (DORA), to guide financial entities on applying the framework and cybersecurity standards. The document addresses 74 questions on DORA’s pillars, emphasizing proportionality based on entity size, risk profile, and service complexity, and includes a CNMV channel for DORA-related inquiries.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2026-02-12•Italy•Bank of Italy
From 13 April 2026, the Bank of Italy's Online Services for the Public Platform will be the sole electronic channel for accessing the Central Credit Register and the Interbank Register of Bad Cheques and Payment Cards, as well as for submitting complaints about banks and financial intermediaries. E-mail and certified e-mail submissions will be discontinued, but paper, fax, and in-person submissions remain available.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2026-02-12•Japan•Bank of Japan
The Bank of Japan released its "Failure Occurrence Status" for January 2026, detailing 558,195 settlement fails in Japanese government bond delivery-versus-payment transactions, with a total face value of 7,411,437 JPY 100 million units and an average fail duration of 1.27 business days. The report covers 246 institutions participating in the JGB book-entry system and BOJ-NET JGB DVP services.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-12•India•Reserve Bank of India
The Reserve Bank of India has released draft Directions to revise the Kisan Credit Card scheme, aiming to expand coverage and streamline operations, with public comments due by 6 March 2026. Key proposals include standardizing crop seasons, extending KCC tenure to six years, and aligning drawing limits with cultivation costs, while expanding eligible components for farm asset maintenance.
Policy & regulationRules & requirementsOther
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2026-02-12•India•Reserve Bank of India
The Reserve Bank of India released draft amendment directions concerning the conduct of regulated entities in loan recovery and the engagement of recovery agents.
Policy & regulationRules & requirementsRecovery and resolution
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2026-02-12•Brazil•Central Bank of Brazil
The Central Bank of Brazil will launch a standalone webpage for the Central Bank Economic Activity Index (IBC-Br) on 19 February, enhancing data access with interactive charts and improved historical series viewing while maintaining monthly releases on the existing platform.
Data & statisticsEconomic data and developments
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2026-02-12•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority published FAQs to assist firms in implementing its updated Crypto Token regulatory framework effective from 12 January 2026, detailing authorisation requirements, suitability assessments, and monitoring expectations for Crypto Token activities in the Dubai International Financial Centre. The DFSA will update the FAQs periodically and advises firms to consult the latest version alongside relevant Rulebook provisions and guidelines.
Policy & regulationGuidance & interpretation
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's working paper analyzes demand function parameters for consumer products over three decades, revealing stable aggregate median price elasticity and markups, but a recent decline in price elasticity and rise in markups. The study highlights the impact of increased female labor force participation on reduced price sensitivity and demand curvature, with findings intended to stimulate discussion rather than represent official views.
ResearchOther
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2026-02-12•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority issued a warning about the misleading website www.montenegroberza.com, clarifying it is not affiliated with Montenegroberza a.d. Podgorica and advising against its use for official information. The authority will take legal action to prevent further misuse of designations related to the capital market organizer.
SupervisionAlertsFraud and scams
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2026-02-12•Pakistan•State Bank of Pakistan
The State Bank of Pakistan's Agricultural Credit Advisory Committee reviewed agricultural credit performance, urging banks to expand outreach to underserved areas and small farmers, and to scale up the Zarkheze digital lending platform. Agricultural credit disbursements hit PKR 2,577 billion in FY25, with initiatives like the Risk Coverage Scheme and Electronic Warehouse Receipt Financing discussed to enhance credit access and risk management.
Policy & regulationImplementation, projects & pilotsOther
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2026-02-12•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's Q4 2025 Report on Payment Systems and Services highlights a significant increase in payment system activity, with 4 million transactions valued at NIO 753,007 million, marking a 60.1% rise in volume and 23.0% in value year-on-year. The report also notes a rise in cash circulation, payment card usage, and digital wallet adoption, with debit cards being the most utilized payment instrument.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-12•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has transferred suspect SAS to the Boyolali District Prosecutor's Office in a capital markets crime case involving alleged manipulation of PT Sriwahana Adityakarta Tbk (SWAT) shares. The case, involving four suspects and significant trading irregularities, is being pursued under Articles 91 and/or 92 in conjunction with Article 104 of Law No. 8 of 1995 on Capital Markets.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-02-12•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board released a joint report highlighting systemic risks from funding and liquidity vulnerabilities in bank and non-bank financial intermediation (NBFI) linkages in the euro area, with significant concerns over short-term funding and derivatives exposures. The report calls for enhanced data sharing and legislative changes to address data gaps, particularly concerning non-EU NBFI entities and hedge funds.
ResearchFinancial stability and systemic risk
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2026-02-12•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board released a report highlighting significant financial stability risks from bank and non-bank financial intermediation linkages, especially in large euro area global systemically important banks. It identifies systemic risk channels through concentrated short-term funding and bank lending to leveraged non-bank financial intermediaries, while noting data gaps and recommending improved information sharing to enhance risk assessment.
ResearchFinancial stability and systemic riskMarket risk and volatility
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2026-02-12•Europe•European Central Bank
The European Central Bank released a Working Paper introducing a Bayesian mixed-frequency vector autoregression model for real-time fiscal monitoring, aimed at nowcasting the annual government deficit-to-GDP ratio. Tested on Italian data from 2010–2023, the model shows accuracy comparable to the European Commission's forecasts and highlights cash revenue and expenditure as key drivers of deficit ratio movements. Scenario analysis indicates that monetary policy tightening leads to a more persistent deficit increase than typical recessions.
Research
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2026-02-12•Europe•European Central Bank
The European Central Bank's Working Paper by Christian Kubitza and Martin Oehmke suggests CCPs can use margin calls to induce early default of fragile members, enabling position transfers to healthier counterparties and reducing cascading failures. It highlights setting higher "canary" margins to screen for hidden fragility and suggests margin procyclicality can stabilize the system by facilitating replacement, emphasizing the need for CCPs to access a large pool of healthy counterparties.
ResearchCCPs
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2026-02-12•Japan•Bank of Japan
The Bank of Japan’s Institute for Monetary and Economic Studies released a discussion paper by Mitsuru Katagiri examining the impact of employment protection on labor market fluidity, highlighting issues related to human capital and job tenure.
ResearchOther
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's Institute for Monetary and Economic Studies released a newsletter summarizing the 2025 BOJ-IMES Finance Workshop, which focused on machine learning and artificial intelligence applications in financial analysis.
ResearchArtificial intelligence
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2026-02-12•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a public consultation on extending the disposal period for treasury stocks under an employee stock option program, aligning with the Ministry of Commerce's amended regulation on share repurchases. Closing on 13 March 2026, the consultation includes conditions for extending the disposal period by up to two years and references changes to disposal periods, repurchase caps, and program breaks for Stock Exchange of Thailand-listed securities.
Policy & regulationRules & requirementsOther
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2026-02-12•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority stated that trading in Celyad Oncology financial instruments on Euronext Brussels will resume on 12 February 2026 at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
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2026-02-12•Belgium•Belgium Financial Services and Markets Authority
Belgium's Financial Services and Markets Authority issued Circular FSMA_2026_03 detailing the required information and transmission methods for an annual questionnaire to evaluate obliged entities' compliance with anti-money laundering and counter-terrorist financing systems.
Policy & regulationGuidance & interpretationAML and CFT
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2026-02-12•Europe•European Central Bank
European Central Bank Executive Board member Piero Cipollone emphasized the need for a digital euro to enhance euro area monetary sovereignty, addressing reliance on non-European payment solutions and US dollar-denominated stablecoins. He outlined plans for a digital euro as legal tender, tokenised central bank money for DLT markets, and expanded cross-border instant payment links, with key developments expected in 2026 and beyond.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2026-02-12•Japan•Bank of Japan
The Bank of Japan released updated banking statistics for December 2025, detailing average contract interest rates on loans and discounts, with short-term loans at 1.139% and long-term loans at 2.052% for domestically licensed banks. The data, covering July to December 2025, will be available on the BOJ Time-Series Data Search following the next business day.
Data & statisticsMonetary data
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2026-02-12•Japan•Bank of Japan
The Bank of Japan's preliminary January 2026 data shows a 0.2% monthly increase in the Producer Price Index (PPI), with a year-on-year rise of 2.3%. Export and import prices on a contract currency basis rose 2.0% and 1.2% respectively, with notable contributions from nonferrous metals and electric products, while petroleum and coal products offset gains.
Data & statisticsEconomic data and developments
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2026-02-12•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority finalized a cooperation protocol with the Ministry of Finance and other regulatory bodies to enhance tax information exchange, supporting Decree Law No. 6 of 2024 and its regulations, and aligning with international tax transparency standards.
Policy & regulationCooperationCross-border cooperation
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2026-02-12•Australia•Australian Securities & Investments Commission
ASIC updated the Senate Economics Legislation Committee on enforcement progress, highlighting recovery of over AUD 420 million for Shield and First Guardian investors, court actions against related entities, and ASX Group's commitments to enhance governance and financial resilience. ASIC also reported recent custodial sentences for fraud and insider trading, including a landmark case by its specialist insider trading team.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-02-12•Australia•Australian Securities & Investments Commission
ASIC has imposed additional conditions on Cambridge Mercantile (Australia) Pty Ltd's financial services licence due to compliance failures in its foreign exchange derivatives business, including client misclassification and inadequate risk management. Cambridge must prepare a remediation plan, appoint an independent expert to assess its adequacy, and ensure operational effectiveness to prevent recurrence.
SupervisionInterventionsComplianceClient asset custody and safekeeping
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2026-02-12•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Rabigh Refining and Petrochemical Company's request to reduce its capital from SAR 21,973,649,980 to SAR 16,709,999,980, subject to the company's extraordinary general assembly approval and completion of regulatory procedures. The company will provide shareholders with a disclosure document detailing the capital reduction method and its effects before the assembly meeting.
SupervisionAuthorisations & approvalsLicence approval
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2026-02-12•Ireland•Central Bank of Ireland
The Central Bank of Ireland's Deputy Governor Vasileios Madouros stressed the need for increased domestic investment to support structural transitions in Ireland, citing demographic ageing, geoeconomic fragmentation, the net zero transition, and digitalisation. He highlighted investment gaps in public infrastructure, housing, and indigenous business, warning of risks from external shocks and supply-side constraints. Madouros also emphasized creating fiscal space and buffers to avoid reliance on volatile corporate tax receipts and mitigate inflationary pressures.
Policy & regulationReform agendas & priorities
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2026-02-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren sent a letter to Securities and Exchange Commission Chairman Paul Atkins, seeking clarification on the SEC's implementation of President Trump's executive order concerning proxy advisors in shareholder voting, which she argues could weaken shareholder rights. Warren requested a response by February 25, 2026.
Policy & regulationOtherCorporate governance
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2026-02-12•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs outlined priorities for digital asset regulatory clarity and capital formation, emphasizing the CLARITY Act and the Empowering Main Street in America Act. Chairman Tim Scott highlighted SEC Chairman Paul S. Atkins' commitments, including promoting initial public offerings and revisiting disclosure regimes.
Policy & regulationRules & requirementsFintech and insurtechRegulatory sandbox
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2026-02-12•United States•U.S. Financial Services Committee
The U.S. Financial Services Committee’s Subcommittee on Housing and Insurance reviewed the secondary mortgage market, focusing on government-sponsored enterprises like Fannie Mae and Freddie Mac in mortgage liquidity and affordability, and risks of inadequate oversight. Discussions included the dominance of the 30-year fixed-rate mortgage, the need for a revived private-label securitization market, and potential transitions for GSEs from conservatorship to receivership.
Policy & regulationReform agendas & prioritiesOther
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2026-02-12•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica reported a 4.8% year-on-year increase in the December 2025 Monthly Index of Economic Activity, with an average growth of 4.6% for 2025. The definitive regime grew by 3.0%, contributing 54.4% to the IMAE increase, while special regimes, led by medical devices manufacturing, grew by 12.8%, contributing 45.6% to overall growth.
Data & statisticsEconomic data and developments
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2026-02-12•Oman•Central Bank of Oman
The Central Bank of Oman mandates all licensed financial institutions to standardize the new Omani rial symbol across platforms. The directive requires adherence to guidelines for its use in customer channels, systems, and documents, while allowing the international currency code for cross-border activities. Changes must be implemented by 31 July 2026 under senior management oversight.
Policy & regulationRules & requirementsCurrency and cash management
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2026-02-12•United States•Federal Reserve Board
The Federal Reserve Board has issued a consent prohibition order against Nicole M. Ramsey, a former Regions Bank employee, for misappropriating customer funds.
EnforcementInvestigations & enforcement actions
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2026-02-12•Canada•Canadian Securities Administrators
The Canadian Securities Administrators published its 2025 Systemic Risk Committee Annual Report, highlighting the resilience of the Canadian financial system amid economic uncertainty and trade conflicts. Key issues include the impact of artificial intelligence on financial stability, stablecoin concentration risks, and the importance of global regulatory coordination, with no current systemic risk from stablecoins identified.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-02-12•United States•Federal Reserve Board
The Federal Reserve Board approved Cooperativa de Ahorro y Credito Elga, Ltda.'s application to establish a representative office in Miami, Florida.
SupervisionAuthorisations & approvalsLicence approval
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2026-02-12•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation released the 2026 stress test scenarios for institutions with over USD 250 billion in assets, featuring baseline and severely adverse paths. These scenarios, developed in coordination with the Federal Reserve and the Office of the Comptroller of the Currency, include 28 variables to assess financial resilience, as mandated by the Dodd-Frank Act.
SupervisionReviews, inspections & stress testsStress testing
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2026-02-12•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins, in Senate testimony, outlined a program to streamline disclosure requirements, reduce public-company reporting costs, review the Consolidated Audit Trail (CAT), and collaborate with the Commodity Futures Trading Commission on crypto market-structure legislation. He emphasized a three-part disclosure approach, backed the CLARITY Act for digital assets, and highlighted cost reductions in CAT operations and a refocused enforcement strategy targeting fraud and investor harm.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2026-02-12•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency released an explainer on Slovenia's "third pension pillar," highlighting it as a voluntary, individual retirement savings option with diverse products and a lighter regulatory framework than the second pillar. Oversight is shared with the Securities Market Agency and Bank of Slovenia, and the framework involves multiple laws, exposing participants to various risks and specific tax treatments.
Policy & regulationGuidance & interpretationOther
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2026-02-12•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu met with Gert Jan Koopman of the European Commission to discuss Moldova's integration into the Single Euro Payments Area (SEPA) and EU accession efforts. Key topics included legislative alignment with EU standards, macroeconomic impacts, and significant cost reductions in euro transfers, alongside discussions on EU technical assistance and banking framework equivalence.
Policy & regulationInternational standards & recommendationsCross-border cooperation
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2026-02-12•North Macedonia•National Bank of the Republic of North Macedonia
Governor Trajko Slaveski of the National Bank of the Republic of North Macedonia met with Nicole Varnes from the US Embassy to discuss economic trends and institutional reforms. Key topics included the bank's focus on payment system modernization and the country's accession to the Single Euro Payments Area, enhancing euro payment efficiency. The meeting also confirmed a commitment to deepen cooperation and share experiences in areas of mutual interest.
Institutional developmentTechnology & data transformationPayments and payment systemsDomestic cooperation
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2026-02-12•United Arab Emirates•General Pension and Social Security Authority
The General Pension and Social Security Authority's Board of Directors approved a strategic plan for 2026, emphasizing artificial intelligence to enhance the pension system and ensure financial stability. The plan includes a comprehensive AI roadmap for 2025–2029 to boost operational efficiency and data-driven decision-making. Key priorities also involve developing national talent, fostering innovation, and improving governance and risk management.
Institutional developmentTechnology & data transformationArtificial intelligenceFinancial stability and systemic risk
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2026-02-12•Georgia•National Bank of Georgia
The National Bank of Georgia hosted Dr. Chea Vandeth, Minister of Post and Telecommunications of Cambodia, to discuss digital identification, secure technological infrastructure, and public sector innovation, exploring future cooperation prospects.
Institutional developmentCooperation & capacity buildingCross-border cooperation
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2026-02-12•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina released preliminary data on the Federation's banking system operations as of 31 December 2025, with final data to follow in the quarterly report.
Data & statisticsActivity and performance reporting
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2026-02-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market discussed corporate governance, focusing on Law No. 3587-IX and OECD principles in state-owned companies, with governance reporting to be introduced in 2026. NSSMC member Maksym Libanov highlighted 2024 legislative changes as foundational but noted incomplete implementation, emphasizing the need to balance state asset management with transparent governance and supervisory board independence.
Policy & regulationRules & requirementsCorporate governance
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2026-02-12•Germany•German Bundesbank
The German Bundesbank reported that Germany's December 2025 current account surplus rose to EUR 16.1 billion, driven by a stronger surplus in services and income transactions despite a weaker goods trade balance. Preliminary annual figures show a decline in the 2025 current account surplus to EUR 197.4 billion from EUR 251.5 billion in 2024, with final results to be published in the March 2026 Monthly Report.
Data & statisticsBalance of payments and other external statistics
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2026-02-12•Germany•German Bundesbank
The German Bundesbank reported a decline in bonds outstanding in Germany for December 2025, with domestic debt securities issuance dropping to EUR 55.9 billion from EUR 106.3 billion in November, leading to a net reduction of EUR 26.4 billion in domestic bonds. Additionally, foreign debt securities outstanding fell by EUR 7.6 billion, while domestic non-banks were the only net buyers of bonds, and domestic investment funds experienced net inflows of EUR 23.3 billion, primarily in special funds.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-02-12•France•Bank of France
The Bank of France launched the Climate Change Adaptation Diagnostic Tool (ODACC), a free online service for French companies to assess climate hazard exposure and plan adaptations. Part of France’s National Climate Change Adaptation Plan, ODACC uses Météo-France data to provide insights on six major hazards across current and future warming scenarios. Features include an interactive map and a criticality index, with resources for adaptation planning.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2026-02-12•Botswana•Bank of Botswana
The Bank of Botswana issued a statement reminding the public that mutilation and unauthorized reproduction of currency are prohibited under the Bank of Botswana Act and the Clean Banknotes and Coin Policy, with penalties including fines or imprisonment. The Bank highlighted misuse practices such as "money/cash bouquets" and reiterated that such actions compromise the integrity of the Pula.
Policy & regulationGuidance & interpretationCurrency and cash management
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2026-02-12•Europe•European Systemic Risk Board
The European Central Bank and the European Systemic Risk Board released a report on significant linkages between EU banks and the non-bank financial intermediation sector. While not currently posing acute risks, these linkages could amplify stress in adverse conditions. The report identifies two systemic risk channels: potential loss of short-term funding from NBFIs and bank lending to leveraged NBFIs, which could lead to asset fire sales and credit losses. It also notes data gaps and suggests improved information sharing and a centralized data access mechanism as remedies.
ResearchFinancial stability and systemic riskMarket risk and volatility
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2026-02-12•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Borradores de Economía working paper estimates that halving the gender wage gap due to discrimination could boost Colombia's long-run GDP by approximately 8%, driven by increased female labor participation and capital accumulation. The paper highlights that these findings are provisional and reflect the authors' views, not the institution's.
ResearchMonetary policy decisions and developments
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2026-02-12•Czech Republic•Czech National Bank
The Czech National Bank has outlined its research priorities for 2026–2028, aiming to enhance transparency and align its agenda with monetary policy and financial stability. Key areas include monetary policy transmission, model innovation, financial stability, and the impact of AI and data on market infrastructure. The bank will also regularly update a list of current research questions to address emerging economic developments.
ResearchOther
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2026-02-12•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority is seeking public comments on draft regulations for intermediary service platform operators, aimed at regulating fintech innovations post-testing in its regulatory sandbox. Comments are due by 24 February 2026, with a consultation meeting scheduled for 26 February 2025.
Policy & regulationRules & requirementsFintech and insurtech
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2026-02-12•Global•International Monetary Fund
The International Monetary Fund's 2025 Article IV consultation for Germany identifies three years of negative or low growth due to external shocks, weak productivity, energy-price shocks from Russia's invasion of Ukraine, rapid monetary tightening, and stalled structural reforms at the EU and German levels.
ResearchOther
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2026-02-12•Global•International Monetary Fund
The International Monetary Fund staff's end-of-mission statement for the 2026 Article IV consultation with Qatar noted economic resilience supported by liquefied natural gas expansion and non-hydrocarbon growth, with medium-term growth expected to average 4 percent. The statement highlighted risks from global factors and recommended fiscal diversification, improved spending efficiency, and enhanced transparency, while aligning Qatar Central Bank policy with the U.S. Federal Reserve to support the U.S. dollar peg.
Policy & regulationReform agendas & prioritiesOther
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2026-02-12•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors published its final Application Paper on operational resilience, setting out outcomes-based objectives and a practical toolkit to help supervisors and insurers embed resilience expectations within existing Insurance Core Principles governance and risk management frameworks, including oversight, operational risk integration, and third-party/technology dependencies.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2026-02-12•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario announced the appointment of Lawrence E. Ritchie to its Board of Directors, effective 15 January 2026, following a recommendation by Finance Minister Peter Bethlenfalvy. Ritchie, a partner at Osler, Hoskin & Harcourt LLP, has extensive experience in securities regulation and previously served on the Ontario Securities Commission and FSRA's inaugural Board.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-02-12•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned investors that Black Forest Ventures Limited, operating via blackforest-ca.icu, is not registered to deal or advise in securities or derivatives in New Brunswick. They urge avoidance of unregistered firms due to lack of investor protections. The warning applies specifically to this company and URL, with additional resources for investor protection and fraud risk identification in crypto asset trading platforms.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-02-12•United States•Federal Reserve Bank of San Francisco
The Federal Reserve Bank of San Francisco appointed five new members to its Community Depository Institutions Advisory Council (CDIAC) and designated Spencer White as chair for 2026. The CDIAC, established in 2010, advises on economic and banking conditions, regulatory policies, and payment issues within the Twelfth District.
Institutional developmentLeadership change & appointmentsLeadership change and appointments