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2026-01-23•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) released Consultation Paper CP26/4 detailing how the FCA Handbook would apply to newly regulated cryptoasset activities in the UK, including Consumer Duty, complaints handling, conduct of business, and safeguarding rules. Key proposals involve applying the Consumer Duty to cryptoasset firms, extending the Financial Ombudsman Service jurisdiction, and setting SM&CR Enhanced thresholds for stablecoin and cryptoasset custodians. Responses are due by 12 March 2026.
Policy & regulationRules & requirementsRegulatory reporting
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2026-01-23•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has released draft guidance for consultation on applying the Consumer Duty to firms conducting regulated cryptoasset activities with UK retail customers. It clarifies the Duty's application to crypto-specific features, outlines manufacturer and distributor responsibilities, and sets expectations for UK Qualifying Cryptoasset Trading Platform operators, while limiting Duty application within the Admissions and Disclosures regime to UK-issued qualifying stablecoins.
Policy & regulationGuidance & interpretationConsumer and investor protectionDisclosures
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2026-01-23•Greece•Bank of Greece
The Bank of Greece has launched the Central Credit Register (CCR), an electronic database compiling detailed credit information in Greece, allowing borrowers to access free online credit reports and lenders to enhance creditworthiness assessments. Co-financed by the EU’s Next Generation EU programme, the CCR collects monthly data on credit above EUR 2,000 for individuals and EUR 5,000 for legal entities, with data available 25 working days post-reporting month.
Policy & regulationImplementation, projects & pilotsCredit risk
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2026-01-23•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has cancelled BTI Courier Express Incorporated's registration to operate as a remittance agent, citing serious and persistent violations of anti-money laundering regulations and non-compliance with its Deed of Undertaking. This decision was made under Monetary Board Resolution No. 1096.A, in accordance with the Manual of Regulations for Non-Bank Financial Institutions.
EnforcementSanctions & designationsAML and CFT
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2026-01-23•Europe•European Commission
The European Commission approved Portugal's eighth payment request under the Recovery and Resilience Facility, enabling a EUR 1.1 billion disbursement, contingent on further procedural steps. This confirms Portugal's completion of 20 milestones and 14 targets, with reforms in digitalisation, renewable energy, and public financial management, and awaits the Economic and Financial Committee's opinion before final payment authorization.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2026-01-23•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia has enhanced its statistical data series with new data-transfer formats and a revamped user interface to improve transparency and accessibility, aligning with international standards. Future upgrades will include an improved application programming interface and detailed dataset descriptions using DCAT-AP metadata.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-01-23•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released the agenda for its Board meeting on 30 January 2026, which includes decisions on appointing an audit firm for 2025 financial statements and approving the 2026 Compensation Fund. The Board will also address supervisory and governance matters, including inspections and appointments at various firms such as Sigal Uniqa Invest and Posta Shqiptare.
Institutional developmentGovernanceAuditing
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2026-01-23•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) announced that Organized Markets Administrator Entities (EAMO) must report registration-data changes through the new CVMWeb system. This platform, operational since January 2026, is also required for EAMO authorization applications and Electronic Declaration of Conformity (DEC) filings.
Policy & regulationGuidance & interpretationMandate change
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2026-01-23•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission announced the 13th National Financial Education Week from 18 to 24 May 2026, themed “Financial Education: building a future with longevity and prosperity.” Organized by the Brazilian Forum for Financial Education, the event promotes financial, insurance, pension, and tax education through free initiatives, adhering to the National Financial Education Strategy guidelines. Institutions are encouraged to participate independently or with forum members.
Financial literacy & educationFinancial literacy and education
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2026-01-23•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay provided an update on the second workshop round for Paraguay’s 2026 to 2031 National Financial Inclusion Strategy. Stakeholders prioritized 45 proposed policy actions using a participatory multicriteria approach, distinguishing near-term measures from longer-term actions. A further stage in February will address monitoring, follow-up and governance.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2026-01-23•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority (FIN-FSA) will extend mandatory registration requirements to new consumer credit providers and intermediaries, effective 20 November 2026. Registration notifications will be accepted from 20 March 2026, with applications processed by 20 May 2026, and further details will be available on FIN-FSA’s website following the publication of related government decrees.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2026-01-23•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau has issued legal notices to facilitate the onboarding of Mandatory Provident Fund (MPF) industry schemes to the eMPF Platform, setting specific dates in 2026 for mandatory platform use and fee reductions. Provisions to streamline inter-trustee transfers and establish a new central register will commence, with the legal notices to be tabled for negative vetting on January 28, 2026.
Policy & regulationImplementation, projects & pilotsOther
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2026-01-23•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails involving The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and OCBC Bank (Hong Kong). The HKMA reminded the public that banks will not send messages with embedded hyperlinks for transactions or request sensitive information, advising those affected to contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-01-23•Lithuania•Bank of Lithuania
The Bank of Lithuania's 2026 supervisory plan outlines around 20 inspections, focusing on anti-money laundering and counter-terrorist financing compliance, with a mix of routine and non-routine checks across various financial entities. The plan emphasizes documentary supervision and thematic analysis to reduce administrative burdens and includes new standardized templates for AML/CFT inspections to clarify expectations and streamline information presentation.
SupervisionReviews, inspections & stress testsAML and CFTSupervision process and methodologies
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2026-01-23•Europe•European Fund and Asset Management Association
The European Fund and Asset Management Association reported that net inflows into UCITS and alternative investment funds (AIFs) totaled EUR 67 billion in November 2025, down from EUR 89 billion in October. Bond funds led inflows, while multi-asset funds saw increased net buying compared to equity-only funds, with total net assets rising 0.3% to EUR 25.2 trillion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-01-23•Malta•Central Bank of Malta
The Central Bank of Malta has initiated a public consultation on proposed amendments to CBM Directive No. 16, concerning the stressed debt service-to-income ratio for legal persons. The consultation includes a main document and a tracked-changes version of the Directive. Following stakeholder feedback, a feedback statement and the revised Directive will be published.
Policy & regulationRules & requirementsLending
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2026-01-23•Chile•Central Bank of Chile
The Central Bank of Chile has introduced new rules to enhance liquidity management for central counterparty entities (CCPs), allowing remuneration on participants’ collateral balances in cash and domestic currency in the Additional Settlement Account. This framework, part of Chapter III.H.7 of the Central Bank's Compendium of Financial Regulations, aims to promote cash deposits for collateral, ensuring quicker and more secure fund access and efficient operations during stress. Public consultation on these measures occurred in October 2025, with implementation details to follow in a Circular Letter.
Policy & regulationRules & requirementsCCPsLiquidity risk
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2026-01-23•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has revoked the business licence of PT Varia Intra Finance (PT VIF) after deeming it non-rehabilitatable under the special supervision regime. PT VIF must now settle its obligations, cease using financing-related descriptors, and hold a general meeting within 30 working days to decide on dissolution and establish a liquidation team.
EnforcementSanctions & designationsUnlicensed or unauthorized activity
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2026-01-23•Armenia•Central Bank of Armenia
The Central Bank of Armenia has introduced its first regulatory framework for crypto-asset service providers, effective 31 January 2026, which includes licensing, capital requirements, manager registration, and offer document standards. Existing providers must comply with these regulations within one year or cease operations, while issuers with prior public offerings must submit compliant offer documents within three months.
Policy & regulationRules & requirementsLicensing framework and process
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2026-01-23•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority warned against firms marketing crypto investments via unauthorised platforms lacking permission in Norway. It advised investors to avoid such platforms, citing red flags like undocumented profits, aggressive sales tactics, and withdrawal difficulties. Specific warnings were issued against platforms including Blank-finvex, Evig-flowmex, and Hoyde-finlore.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2026-01-23•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission (SEC) has mandated Stella X Public Company Limited to disclose additional details regarding a financing arrangement with Thana Power Holding Co., Ltd., highlighting concerns about securities holders' rights and investment decisions. Stella X must submit this information to the SEC and disclose it through the Stock Exchange of Thailand's system by 28 January 2026.
SupervisionInterventionsCorporate governance
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2026-01-23•Myanmar•Central Bank of Myanmar
The Central Bank of Myanmar released an update on interbank foreign exchange market activities for January 23, 2026.
Data & statisticsForeign exchange policy and markets
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2026-01-23•Myanmar•Central Bank of Myanmar
The Central Bank of Myanmar published data from the FX Market Online Trading Platform for 23 January 2026.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-01-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee Ranking Member Elizabeth Warren urged the Consumer Financial Protection Bureau (CFPB) to intensify efforts against high credit card costs, criticizing current actions for undermining a proposed interest rate cap. Warren recommended measures including curbing late fees, halting surprise charges, and addressing compliance and consumer complaints.
Policy & regulationOtherConsumer and investor protection
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2026-01-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren criticized the Office of the Comptroller of the Currency (OCC) for reviewing a bank charter application from World Liberty Financial, linked to President Trump, urging a delay until divestment by Trump and his family. She labeled the review a "sham," citing financial conflicts and called for legislative guardrails against such corruption, referencing prior communications with the OCC.
Policy & regulationOtherLicence approval
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2026-01-23•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services advanced six bills and one resolution to the House, addressing terrorism risk insurance, regulatory thresholds for banks, illicit finance related to cyber crime and digital assets, and public company engagement at the SEC. Key measures include the TRIA Program Reauthorization Act of 2026, a resolution on AI in financial services, and the Combatting Money Laundering in Cyber Crime Act of 2026.
Policy & regulationRules & requirementsRegulatory burdenAML and CFT
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2026-01-23•United Arab Emirates•ADGM Financial Services Regulatory Authority
The Abu Dhabi Global Market Registration Authority released Discussion Paper No. 1 of 2026 for feedback on proposed guidance for crypto mining in ADGM. The guidance treats crypto mining as a licensed commercial activity, detailing definitions, policy principles, and licensing expectations, focusing on security and operational integrity. It emphasizes a technology-neutral approach and includes conditions for ADGM-registered headquarters managing mining operations in other jurisdictions.
Policy & regulationGuidance & interpretationOther
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2026-01-23•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay’s Monetary Policy Committee unanimously cut the monetary policy rate by 25 basis points to 5.75% from 6.00% on 23 January 2026, its first easing after holding rates unchanged through 2025, citing moderating inflationary pressures and inflation expectations anchored at the 3.5% target. The committee expects inflation to continue decelerating through most of 2026 and converge to target by year-end, while projecting 2026 gross domestic product growth at 4.2% and reiterating that it will monitor domestic and external developments closely.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-01-23•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi has regulated the local-currency interbank market on the Refinitiv platform, enhancing monetary policy transmission. This allows commercial banks to digitally negotiate lending or borrowing, replacing the previous bilateral process to improve transparency and efficiency. The central bank gains real-time insights into market rates and liquidity, facilitating more precise interventions.
Policy & regulationRules & requirementsMarket infrastructure
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2026-01-23•Japan•Bank of Japan
The Bank of Japan set the guideline for money market operations, maintaining the uncollateralized overnight call rate at approximately 0.75 percent, with an 8-1 vote. Policy Board member Hajime Takata dissented, suggesting a rate of 1.0 percent due to perceived price stability and improving overseas economies, but his proposal was defeated.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-01-23•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance engaged in a public dialogue with business representatives to discuss budget and tax policy priorities, focusing on reducing administrative burdens and enhancing private sector engagement. Key topics included employee expense deductibility, customs guarantees, reduced value-added tax rates, e-commerce tax treatment, and the need for clearer tax inspection approaches.
Policy & regulationReform agendas & prioritiesOther
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2026-01-23•Kazakhstan•National Bank of Kazakhstan
The National Bank of Kazakhstan's Monetary Policy Committee maintained the base rate at 18.0% per annum, with expectations to hold this level until mid-2026 due to external challenges and uncertainties. Inflation at the end of 2025 was 12.3%, driven by food prices, while disinflation factors included tight monetary conditions and a stronger tenge; the next base-rate decision is set for March 6, 2026.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-01-23•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) released a video detailing a decision against Financial Services Group Australia (FSGA) for inappropriate advice on rolling over superannuation into a self-managed superannuation fund (SMSF) and investing in high-risk products, resulting in a nearly $200,000 loss. The decision, which found FSGA failed to act in the complainant's best interests, will aid in resolving similar complaints related to the Shield and First Guardian collapses more efficiently.
Financial literacy & educationConsumer and investor protection
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2026-01-23•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau announced the first meeting of the Steering Committee for the Asia-Pacific Economic Cooperation Finance Ministers’ Meeting 2026, chaired by Secretary Christopher Hui, to review preparatory work and agree on key tasks. Senior representatives from 20 bodies discussed operational planning, including venue, accommodation, security, and publicity, with the meeting to be hosted by the Ministry of Finance in Hong Kong.
Policy & regulationImplementation, projects & pilotsOther
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2026-01-23•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) issued an alert regarding a spear phishing scam involving emails impersonating the CSA to obtain personal or confidential business information. Recipients are advised to delete such emails, report them to local securities regulators, and verify sender details.
SupervisionAlertsFraud and scams
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2026-01-23•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission (SEC) issued a joint statement disputing claims that ending the Global Research Analyst Settlement (GRAS) weakened protections against research analyst conflicts. The SEC emphasizes the current regulatory framework, including Regulation Analyst Certification and FINRA Rules 2241 and 2242, which address conflicts in equity and debt research, alongside ongoing oversight and collaboration with the Financial Industry Regulatory Authority (FINRA).
Policy & regulationGuidance & interpretationOther
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2026-01-23•Colombia•Central Bank of Colombia
The Central Bank of Colombia announced that from 26 January 2026, the exchange of COP 2,000 and COP 5,000 notes in Ibagué, Montería, Riohacha, Pasto, and Quibdó will be conducted directly at the central bank’s counters instead of through Pagafácil. The bank also provided new service locations and reminded the public of these services through their financial institutions, referencing External Resolution 2 of 2024 for further details.
Monetary policyOtherMonetary policy decisions and developments
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2026-01-22•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee will hold a public meeting on February 24, 2026, to discuss regulatory improvements for "finders" in private markets and explore the private secondary market, featuring insights from industry experts and SEC staff.
Policy & regulationReform agendas & prioritiesOther
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2026-01-22•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) Sanctions Commission fined Makor Securities Paris EUR 700,000 and its managing director, Yankel Hassan, EUR 150,000 for deficiencies in market abuse detection and compliance oversight, following an inspection from 1 September 2021 to 7 March 2024. The firm failed to implement an automated detection system, employ a full-time compliance officer, and ensure proper transaction execution and oversight, with all breaches attributed to Mr Hassan. The decision is subject to appeal.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-01-22•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of BCS Capital Dourado, an open-ended special securities investment fund promoted by Standard Gestão de Activos, targeting Angola's money and capital markets with investments in treasury bonds, corporate bonds, short-term assets, and similar funds.
SupervisionAuthorisations & approvalsLicence approval
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2026-01-22•Dominican Republic•Pensions Superintendency (SIPEN)
At FITUR 2026, the Dominican Republic's Pensions Superintendency (SIPEN) noted that pension fund investments, mainly in tourism, have grown to DOP 1.6 million over 20 years, representing 20% of GDP. Superintendent Francisco A. Torres stressed the importance of consistent contributions and voluntary complementary pension accounts, detailing the investment selection process managed by the Risk Rating and Investment Limits Commission.
Policy & regulationReform agendas & prioritiesOther
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2026-01-22•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia released an operational bulletin detailing public securities placements and Money Desk operations, including auction results for Central Bank and National Treasury instruments with varying maturities and interest rates. The bulletin also outlined parameters for repo and securities offerings from 22 to 27 January 2026, and announced an electronic auction for week 5/2026 starting on 28 January 2026.
Monetary policyMonetary policy instruments & operationsMonetary data
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2026-01-22•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission approved the Public Company Accounting Oversight Board's 2026 budget at USD 362.1 million, a 9.4% decrease, and the accounting support fee at USD 306.0 million, an 18.4% decrease, with reductions in compensation for the chairperson and Board members. The SEC continues its oversight under the Sarbanes-Oxley Act, with ongoing initiatives to reassess the PCAOB's strategic plan, operations, and budget.
Policy & regulationRules & requirementsAuditing
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2026-01-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency released minutes from the Financial Services Council’s Working Group on Strengthening Regional Financial Power, highlighting support for a draft report aimed at enhancing regional financial institutions' capabilities. Key proposals include improving small and medium-sized enterprise revitalization, revising Supervisory Guidelines, and promoting digital transformation, with a Regional Financial Capacity Enhancement Plan expected by year-end.
Policy & regulationReform agendas & prioritiesMarket development
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2026-01-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency is recruiting fixed-term Assistant Section Managers to supervise foreign banks and securities companies, focusing on financial data analysis, governance, and regulatory drafting aligned with international trends. These full-time roles require expertise in banking and securities laws, practical experience, and English proficiency, with applications open until sufficient candidates are found.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2026-01-22•Global•Financial Markets Standards Board
The Financial Markets Standards Board announced that GSK has joined as a Corporate Member, enhancing corporate representation in the member-funded standards body for wholesale financial markets. GSK's membership supports the development of industry-led standards and good practice statements.
Policy & regulationCooperationOther
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2026-01-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency is recruiting assistant section manager-class staff for its IT and cyber planning teams to support supervisory inspections and monitoring of financial institutions' system risk management. Roles involve assessing IT strategies, monitoring system projects, and overseeing cybersecurity compliance, with positions being full-time fixed-term appointments starting 8 April 2026.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2026-01-22•Japan•Japan Financial Services Agency
The Japan Financial Services Agency is seeking lawyers or administrative scriveners for financial monitoring roles focused on inspecting and supervising deposit-taking institutions, emphasizing internal controls and compliance. Positions are full-time, fixed-term national civil servant roles based in Tokyo, with applications open until filled.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2026-01-22•Europe•European Central Bank - Banking Supervision
The ECB Banking Supervision outlined its strategy for supervising banks' business model sustainability and preparedness for delayed transition climate scenarios, prioritizing climate change and nature degradation for 2026-2028. In collaboration with the EBA and EU authorities, the ECB is developing a framework to integrate climate risks into regulatory stress testing, with new requirements on business model assessment and prudential transition planning to be phased in gradually starting in 2026.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
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2026-01-22•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission is seeking candidates for its Investor Advisory Committee, including at-large membership positions and a statutory seat for senior citizens' interests, with applications due by February 23, 2026.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-01-22•Bulgaria•Bulgaria Financial Supervision Commission
Bulgaria's Financial Supervision Commission imposed a temporary ban on Medical Consumables Ltd's tender offer for Momina Krepost AD shares, set minimum yields for mandatory pension funds for 2023-2025, and approved amendments to FairPlay Properties REIT's articles. It also removed a bond issue by Severcoop – Gamza Holding AD from the public register and requested more information from Euroconsult and Accounting Ltd regarding its acquisition plans in Trend Asset Management AD.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India amended its 2025 framework for commercial banks' cash reserve ratio and statutory liquidity ratio, effective immediately, to align with recent legislative changes and update reporting templates. Key changes include revisions to references in reporting forms and the addition of a new line item for deposits under the Standing Deposit Facility Scheme.
Policy & regulationRules & requirementsLiquidity risk
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India has amended its cash reserve ratio and statutory liquidity ratio framework for small finance banks, effective immediately, updating references to development financial institutions and revising reporting forms to include a new disclosure line for Standing Deposit Facility balances. Changes include updates to Annex I and II, replacing specific references with a broader set of institutions and modifying terminology.
Policy & regulationRules & requirementsLiquidity riskPrudential risks
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India has issued the Payments Banks – Cash Reserve Ratio and Statutory Liquidity Ratio Amendment Directions, 2026, updating its 2025 framework to align with recent banking law amendments. Key changes include expanded references to development financial institutions, revised reporting templates, and a new reporting item for deposits under the Standing Deposit Facility Scheme.
Policy & regulationRules & requirementsPrudential risksLiquidity risk
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India amended its directions on Regional Rural Banks' cash reserve ratio and statutory liquidity ratio, updating definitions and reporting formats to align with recent legislative changes. The amendments, effective immediately, include revisions to institutional references and adjustments to reporting forms.
Policy & regulationRules & requirementsLiquidity riskPrudential risks
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India has amended its 2025 framework for Local Area Banks' Cash Reserve Ratio and Statutory Liquidity Ratio, effective immediately, to include broader references to development financial institutions and update regulatory reporting templates. Changes involve revising classification language, updating Annex I and II to include institutions like Exim Bank and National Housing Bank, and modifying Form VIII for new reporting requirements under the Standing Deposit Facility Scheme.
Policy & regulationRules & requirementsLiquidity riskPrudential risks
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India amended directions for urban co-operative banks, modifying the cash reserve ratio and statutory liquidity ratio framework and regulatory returns, effective immediately. These changes align with recent legislative updates, adjust reporting templates, and include new references to development financial institutions and the Standing Deposit Facility Scheme.
Policy & regulationRules & requirementsLiquidity risk
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2026-01-22•India•Reserve Bank of India
The Reserve Bank of India has amended the cash reserve ratio and statutory liquidity ratio framework for rural co-operative banks, effective immediately, incorporating recent legal changes. Key updates include revisions to Annex forms for regulatory reporting, adjustments to specified institutions, and the introduction of a new item for deposits under the Standing Deposit Facility Scheme.
Policy & regulationRules & requirementsLiquidity risk
-
2026-01-22•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority's 2026 Business Plan outlines priorities for enhancing the regulatory framework, leveraging technology, and promoting transparency and ethical governance. Key initiatives include addressing global challenges, advancing sustainability, improving customer protection, overseeing AI use, and collaborating with international regulators.
Institutional developmentGovernanceFintech and insurtechSupervision process and methodologies
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2026-01-22•Japan•Bank of Japan
The Bank of Japan released its regular research dataset on real exports and imports, providing a real-value analysis of Japan's trade flows to align with real GDP. The main series is released concurrently with the Ministry of Finance’s Trade Statistics, while detailed breakdowns follow three business days later, with potential for retroactive revisions.
Data & statisticsOther
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2026-01-22•Europe•European Central Bank
The European Central Bank's December 2025 monetary policy meeting account reveals the decision to keep interest rates unchanged, adopting a data-dependent approach without pre-commitment to a rate path. Inflation is expected to stabilize at 2% over the medium term, with the euro area economy deemed resilient, while financial stability vulnerabilities and geopolitical risks remain concerns.
Monetary policyPolicy rate decision minutes and accountsMonetary policy decisions and developments
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2026-01-22•Europe•European Central Bank
The European Central Bank's Working Paper No 3176 reveals that green bonds are priced using a two-tiered approach, considering both the green label and the issuer's environmental profile. The study finds a greenium of about 16 basis points, which nearly doubles for issuers with high environmental performance, and increases further with third-party certification and during periods of climate uncertainty.
ResearchClimate risk and sustainable finance
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2026-01-22•Europe•European Central Bank
The European Central Bank and the European Systemic Risk Board released a joint report on financial stability risks from geoeconomic fragmentation, highlighting how geopolitical risks and policy uncertainty impact financial stability in the euro area and EU. The report introduces a new monitoring framework with geopolitical indicators and emphasizes the need for harmonized datasets and scenario analysis to enhance financial stability monitoring and macroprudential policy.
ResearchGeopolitical riskFinancial stability and systemic risk
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2026-01-22•Japan•Bank of Japan
The Bank of Japan released its latest statement of assets and liabilities, showing a balance sheet total of JPY 677.6 trillion, with Japanese government securities as the largest asset at JPY 544.2 trillion. Key liabilities included current deposits of JPY 464 trillion and banknotes of JPY 117.9 trillion.
Data & statisticsMonetary data
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2026-01-22•Japan•Bank of Japan
The Bank of Japan's January 2026 Senior Loan Officer Opinion Survey reveals stable loan demand and lending conditions at large Japanese banks, with 86% of respondents reporting unchanged demand and 94% noting unchanged credit standards. Looking ahead, 96% of banks expect loan demand to remain steady, with most anticipating unchanged credit standards and loan-rate spreads.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-01-22•Europe•Single Resolution Board
The Single Resolution Board released the report from its 10th Anniversary Conference on the Single Resolution Mechanism, highlighting discussions on achievements, future challenges, and the need for enhanced preparedness and Banking Union completion. The report notes Europe's EUR 2.6 trillion loss-absorbing capacity and an EUR 80 billion Single Resolution Fund, emphasizing the importance of adapting to emerging risks and crisis readiness under SRM Vision 2028.
OtherRecovery and resolution
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2026-01-22•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported that the Indonesia Anti-Scam Centre (IASC) returned IDR 161 billion to 1,070 digital scam victims, using funds blocked across 14 banks. From November 2024 to January 2026, IASC received 432,637 fraud complaints with losses of IDR 9.1 trillion, highlighting challenges such as rising complaint volumes and complex fund recovery.
SupervisionAlertsFraud and scams
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2026-01-22•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported enhancements in user service delivery through ProUsuario in 2025, including upgraded IVR systems and specialised software, achieving a 92% satisfaction index. ProUsuario handled 270,000 interactions and resolved 6,616 complaints with a 62% favourability rate, crediting DOP 175.6 million to customers. Improvements were supported by staff training and expanded user channels, including a free app with over 480,000 users.
Institutional developmentTechnology & data transformationConsumer and investor protection
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2026-01-22•Global•International Monetary Fund
The IMF concluded the sixth review under Paraguay’s Policy Coordination Instrument and the final review under the Resilience and Sustainability Facility, making SDR 85.6 million (approximately USD 117 million) available for disbursement. Paraguay's economy is resilient with robust GDP growth and inflation expected to meet the central bank's target, while fiscal measures aim to reduce the deficit and enhance governance, tax collection, and public financial management.
Policy & regulationImplementation, projects & pilotsLending
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2026-01-22•Global•World Bank
The World Bank's Winter 2025 Lebanon Economic Monitor reports a 3.5% GDP growth for Lebanon in 2025, driven by private consumption, remittances, and tourism, despite a weaker-than-expected tourism season and ongoing conflict. The report projects 4% growth in 2026, contingent on reform momentum and political stability, while highlighting risks from delayed reforms and regional instability.
ResearchEconomic data and developments
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2026-01-22•Global•World Bank
The World Bank Group approved a USD 815 million financing package for Bhutan's Dorjilung Hydroelectric Power Project to boost hydropower generation, regional clean energy trade, and job creation while minimizing sovereign borrowing. The project, expected to increase Bhutan's energy production by 40% and exports by 42%, will be developed as the country's largest hydropower public-private partnership, with contributions from the International Development Association, International Bank for Reconstruction and Development, and International Finance Corporation.
Policy & regulationImplementation, projects & pilotsOther
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2026-01-22•Global•International Monetary Fund
The International Monetary Fund concluded a technical assistance scoping mission in Nepal to prepare for a Governance and Corruption Diagnostic aimed at identifying governance weaknesses and corruption vulnerabilities. The diagnostic will focus on fiscal governance, financial sector oversight, rule of law, and anti-money laundering and countering the financing of terrorism, with a main mission planned to develop a targeted reform plan.
Policy & regulationImplementation, projects & pilotsBribery and corruptionAML and CFT
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2026-01-22•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission announced the 2026 cap for non-pecuniary loss from minor personal injuries in motor vehicle accidents at CAD 9,926.59, reflecting a 2.1% increase aligned with the New Brunswick Consumer Price Index. This adjustment applies to incidents occurring on or after January 1, 2026.
Policy & regulationRules & requirementsOther
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2026-01-22•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that DivisionCapital, operating via division-capital.com, is not registered to deal or advise in securities or derivatives in New Brunswick, advising investors to avoid unregistered firms due to lack of protections. The firm claims locations in London and Zürich, with no other Canadian alerts identified as of 21 January 2026.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) approved deposit insurance applications for Ford Motor Company and General Motors Company to establish Ford Credit Bank and GM Financial Bank, both Utah-chartered industrial banks. The approvals, subject to conditions including a minimum 15 percent Tier 1 leverage ratio, will expire if the banks are not established within 12 months.
SupervisionAuthorisations & approvalsLicence approval
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2026-01-22•United States•U.S. Department of the Treasury
The U.S. Treasury’s OFAC designated five Costa Rican nationals and five entities for narcotics trafficking and money laundering under Executive Order 14059, blocking their U.S. assets and prohibiting U.S. transactions with them. The network, led by Luis Manuel Picado Grijalba and Jordie Kevin Picado Grijalba, transported cocaine from Colombia to the U.S. and Europe, with sanctions violations potentially resulting in penalties.
EnforcementSanctions & designationsNew sanctions designations
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2026-01-22•United States•U.S. Securities & Exchange Commission
The SEC’s Division of Trading and Markets, under Chairman Atkins, announced a three-year agenda to create a framework for tokenized securities, harmonize rules with the CFTC, support 24/7 equity markets, and modernize rules to enhance efficiency and reduce costs. Key initiatives include advancing rulemaking for tokenized securities, collaborating with self-regulatory organizations, and improving the Consolidated Audit Trail and National Market System.
Policy & regulationReform agendas & prioritiesTokenization
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2026-01-22•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce emphasized tokenization as transformative for the municipal securities market, urging early SEC engagement on new technologies and advocating modernized recordkeeping. She cited benefits like atomic settlement and improved liquidity, referencing Quincy, Massachusetts’ 2024 tokenized offering, while cautioning against assuming widespread adoption due to market complexities.
Policy & regulationGuidance & interpretationTokenization
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) Board is considering finalizing guidelines to establish an independent Office of Supervisory Appeals to review supervisory appeals, with panels including officials with bank supervisory and industry experience. The guidelines would expand institutions' appellate rights to include appeals in situations involving proposed or pending formal enforcement actions.
Policy & regulationRules & requirementsOrganizational structure
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2026-01-22•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
MONEYVAL's follow-up report highlights Estonia's improved framework against money laundering, terrorist financing, and proliferation financing. Estonia is compliant on seven of the 40 recommendations, largely compliant on twenty-one, and partially compliant on twelve, with none non-compliant. Estonia remains under MONEYVAL’s enhanced follow-up process.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2026-01-22•United States•National Credit Union Administration
The National Credit Union Administration Board discussed a proposed rule to allow federal credit unions to reimburse dependent care costs for volunteer officials and reviewed a 12% decrease in the Central Liquidity Facility budget for 2026, with total assets of USD 1.01 billion. The briefing also covered investment income, retained earnings, and plans for outreach, operational efficiencies, and automation.
Policy & regulationRules & requirementsLiquidity risk
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2026-01-22•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City's January Manufacturing Survey indicates unchanged manufacturing activity in the Tenth Federal Reserve District, with future expectations easing but still expansionary. The survey now includes updated seasonal adjustment factors using Census X-13 ARIMA-SEATS, affecting historical index values, and will be applied throughout 2025.
Data & statisticsEconomic data and developments
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2026-01-22•Lithuania•Ministry of Finance (Lithuania)
Lithuania's Finance Minister Kristupas Vaitiekunas, in an interview with Ukrainform, emphasized Lithuania's support for Ukraine's full European Union membership by 2030, endorsing a staged integration approach to expedite accession. The discussion also covered financial support, anti-corruption efforts, Ukraine's competitiveness, Lithuania-Ukraine economic ties, reconstruction, energy independence from Russia, and sanctions against Russia and Belarus.
Policy & regulationReform agendas & prioritiesGeopolitical risk
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2026-01-22•United States•New York State Department of Financial Services
The New York State Department of Financial Services outlined Governor Kathy Hochul’s proposed measures to lower vehicle insurance costs by enhancing fraud enforcement and revising auto claims and litigation rules. This includes stricter penalties for staged accidents and fraud, limits on non-economic damages, and new insurer requirements for rate transparency and safe-driving incentives. The proposals also involve extending the fraud reporting window for insurers, capping non-economic damages for at-fault drivers, and reforming liability rules, with some elements requiring legislative approval.
Policy & regulationReform agendas & prioritiesOther
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2026-01-22•United States•National Credit Union Administration
The National Credit Union Administration placed Beverly Hills City Employees Federal Credit Union into conservatorship due to unsafe practices, ensuring member services continue and deposits remain protected by the National Credit Union Share Insurance Fund. Coverage includes up to 250,000 USD per individual account, joint accounts, and separate protection for IRA and KEOGH accounts, with the credit union serving 1,542 members and holding assets of 16.5 million USD.
SupervisionInterventionsRecovery and resolution
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2026-01-22•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority, represented by Deputy Commissioner Khadija Said, praised insurers at the National Financial Services Week in Tanga for their role in promoting insurance education and urged continued outreach to all societal segments, emphasizing universal health insurance awareness.
Financial literacy & educationFinancial literacy and education
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2026-01-22•Albania•Ministry of Finance (Albania)
Albania's Ministry of Finance has released the Macroeconomic and Fiscal Framework for 2027–2029, outlining medium-term economic growth projections and fiscal policy objectives, including a reduction in the fiscal deficit to 0.9% of GDP by 2029 and gross public debt to 50.2% of GDP.
Policy & regulationReform agendas & prioritiesMacroprudential policy and toolsFinancial stability and systemic risk
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2026-01-22•South Korea•Bank of Korea
The Bank of Korea's advance national accounts estimate shows Korea's real GDP contracted by 0.3% quarter-on-quarter in Q4 2025 but grew by 1.5% year-on-year, with an overall annual increase of 1.0% in 2025. Private and government consumption rose, while construction and facilities investment, exports, and imports declined; the production sector saw growth in agriculture and services but declines in manufacturing, utilities, and construction.
Data & statisticsEconomic data and developments
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2026-01-22•Peru•Central Bank of Peru
The Central Bank of Peru reported a 7.1% year-on-year increase in the formal wage bill for November 2025, driven by higher pay and more formal jobs, with the private sector wage bill rising 6.7% due to growth in services and commerce.
Data & statisticsEconomic data and developments
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2026-01-22•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has introduced the Hierarchical and Applicable Relations and Beneficial Ownership Registry (HARBOR), a web-based system for beneficial ownership disclosures, effective 30 January 2026. Integrated with the Commission’s Electronic Filing and Submission Tool (eFAST), it replaces the annual General Information Sheet process, enhancing data quality and compliance monitoring per SEC Memorandum Circular No. 15, Series of 2025.
Policy & regulationImplementation, projects & pilotsBeneficial ownership
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2026-01-22•Iraq•Central Bank of Iraq
The Central Bank of Iraq signed a memorandum of understanding with the Iraqi Media Network to enhance cooperation and public communication regarding the banking sector and monetary policy, aiming to boost financial awareness and confidence in Iraq's financial system.
Institutional developmentCooperation & capacity buildingDomestic cooperation
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation has revised its Guidelines for Appeals of Material Supervisory Determinations by establishing a new Office of Supervisory Appeals, serving as the final review authority for FDIC-supervised institutions. This independent office will handle appeals post-Division Director review, staffed by experienced officials, and will expand appeal rights in cases involving proposed or pending enforcement actions.
Policy & regulationRules & requirementsSupervision process and methodologies
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation issued a final rule amending regulations on FDIC official signs and related advertising, updating requirements for digital deposit-taking channels and automated teller machines, with compliance by April 1, 2027. The rule provides flexibility in digital signage design and specifies display requirements for digital channels and ATMs to address consumer confusion since the 2023 digital signage requirements.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) Board approved amendments to establish an independent Office of Supervisory Appeals, replacing the Supervision Appeals Review Committee, to serve as the final review level for material supervisory determinations. This office will be staffed by externally hired officials with bank supervisory and industry experience.
Institutional developmentMandate & organizational structureOrganizational structure
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2026-01-22•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) Board approved a final rule amending regulations on the display of the FDIC official digital sign and non-deposit signage, simplifying disclosure requirements for digital deposit-taking channels and ATMs. The rule, effective 30 days post-publication in the Federal Register, allows banks more flexibility in design choices, with a compliance date of April 1, 2027.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-01-22•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved the Public Company Accounting Oversight Board’s 2026 budget of USD 362.1 million, a 9.4% decrease from the previous year, emphasizing a focus on audit quality and responsible fee stewardship. The SEC also highlighted the need for an updated PCAOB strategic plan to align with its statutory role, including clear objectives and measurable benchmarks.
Policy & regulationRules & requirementsAuditing
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2026-01-22•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority has issued a regulation requiring Central Securities Depository operators to obtain a license and establish internal controls and risk management frameworks, enhancing supervisory standards for securities custody, transfer, and settlement.
Policy & regulationRules & requirementsMarket infrastructure
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2026-01-22•Laos•Bank of the Lao
The Bank of the Lao and the International Finance Corporation held a seminar to gather feedback on the draft Laos Green Finance Taxonomy, aimed at classifying green business activities in alignment with ASEAN and international standards. Over 100 stakeholders participated, including central bank departments, ministries, and financial institutions. Feedback will be used to refine the taxonomy to better reflect local conditions.
Policy & regulationInternational standards & recommendationsGreen taxonomy
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2026-01-22•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority (CMA) approved new controls for listed companies, investment funds, and special purpose entities (SPEs) regarding real estate ownership in the Kingdom, effective with the new Law of Real Estate Ownership by Non-Saudis in January 2026. These controls replace the 2025 framework, extending existing non-Saudi real estate ownership regulations without introducing new provisions.
Policy & regulationRules & requirementsOther
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2026-01-22•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) have finalized amendments to modernize the continuous disclosure regime for investment funds, reducing compliance burdens while ensuring quality disclosure. Key changes include exemptions from certain conflict of interest reporting requirements and elimination of some disclosures not required under International Financial Reporting Standards, effective April 22, 2026.
Policy & regulationRules & requirementsRegulatory burden