The National Bank of the Kyrgyz Republic has amended its regulatory framework for microfinance organisations (MFOs) and guarantee funds, including updates to MFO periodic reporting forms. The changes address rules for MFOs, including those using Islamic financing principles, and adjust regulations for guarantee fund activities.
The Bank of Botswana published its exchange rate framework for 2026, with no further details provided.
The State Bank of Pakistan has launched the Pakistan Financial Inclusion Index (P-FII), a composite measure assessing access, usage, and quality of financial services, with a 2024 inclusion score of 58.1. The index, comprising 69 indicators, supports the National Financial Inclusion Strategy 2024–28 and aligns with international practices. Results will be disseminated annually, with a detailed methodology paper available on the SBP website.
The Federal Deposit Insurance Corporation (FDIC) updated resolution planning expectations for covered insured depository institutions (CIDIs) as it prepares amendments to the IDI Rule, highlighting 2026 rulemaking priorities and capabilities testing for its virtual data room. Amendments will codify content requirement exemptions and address overlaps with the Title I Rule, focusing on rapid, low-cost resolution under the Federal Deposit Insurance Act. CIDIs with USD 50 billion or more in assets will have adjusted submission requirements for 2026, with capabilities testing beginning early that year.
Moldova's National Commission for Financial Markets made decisions on capital markets, consumer protection, and its supervisory programme. Actions include registering a share restructuring by VIITORUL NOSTRU SA, approving valuation reports for securities sales by fiduciary administrators, and upholding a decision against Victoriabank SA for misleading currency exchange rate displays. The Commission also approved its 2026 inspection activity plan.
Egypt's Prime Minister appointed Mahmoud Jibril, Walid Anwar, and Counsellor Ahmed Mohamed Taher Sheta as assistants to the chairman of the Egypt Financial Regulatory Authority (FRA). These appointments enhance the FRA's leadership under Chairman Dr. Mohamed Farid Saleh, appointed by presidential decree in August 2025. Jibril, Anwar, and Sheta bring extensive experience in market protection, non-banking financial supervision, and legal expertise.
The Chile Financial Market Commission (CMF) warned about three entities falsely claiming CMF supervision while offering loans that require advance payments but never materialize. The CMF filed fraud complaints against Proel Finanzas, CREDIPOL, and CrediJusto with the Public Prosecutor's Office. The CMF also emphasized its online Fraud Alerts Page for verifying supervision and reviewing alerts on unregulated entities.
The Chile Financial Market Commission (CMF) issued a public alert regarding five unsupervised mobile applications offering predatory loans and filed a criminal complaint against those responsible. The apps, available on Google Play and other websites, include APP YAPI CASH and APP SABA PRESTAMO SEGURO. The CMF advises users to consult its Fraud Alerts Page for information on supervised entities and client protection guidance.
The Ministry of Finance (Thailand) announced Cabinet approval of medium-term monetary policy objectives and 2026 objectives, as agreed by the Monetary Policy Committee and the Minister of Finance. This aligns with Section 28/8 of the Bank of Thailand Act 1942 as amended.
The China Securities Regulatory Commission (CSRC) endorsed expanding special representative litigation and voluntary advance compensation in securities misrepresentation disputes. Highlighting recent cases, the CSRC emphasized the "explicit opt-out, implicit join" design as a cost-effective collective pathway for investors. The CSRC will continue supporting the China Securities Investor Services Center in its public-interest role and encourage voluntary advance compensation under the Securities Law.
The China Securities Regulatory Commission has issued a programme to enhance the real estate investment trusts (REITs) market, focusing on commercial real estate REITs' growth, market supply expansion, and risk prevention. Key measures include refining issuance and listing processes, supporting asset management company participation, and promoting REITs in the Shanghai-Shenzhen-Hong Kong Stock Connect. The programme also aims to standardize offering practices, improve transparency, and strengthen full-chain supervision.
The China Securities Regulatory Commission has launched a pilot programme for commercial real estate real estate investment trusts (REITs), establishing definitions, fund registration, operational requirements, and an oversight framework. The framework includes fund manager responsibilities, compliance standards, and regulatory oversight. Following public consultation, the CSRC will now focus on implementing the regime.
The China Securities Regulatory Commission released draft Regulatory Rules for Board Secretaries of Listed Companies for public consultation to standardize functions and enhance governance. The draft outlines responsibilities in disclosure, governance, and communication, introducing safeguards and stricter appointment criteria. It mandates regular performance evaluations and accountability measures for board secretaries.
The China Securities Regulatory Commission has approved the Dalian Commodity Exchange's registration of coking coal options. It will oversee the exchange's preparatory work to ensure a smooth launch and stable operation.
The China Securities Regulatory Commission (CSRC) amended its securities and futures enforcement system, effective 1 February 2026, clarifying application criteria and enhancing procedural integrity. Applications will be rejected for obstruction, inability to pay, or prior misuse. The amendments refine investigation standards, application processes, and internal consultations, with breaches of good faith subject to penalties.
The China Securities Regulatory Commission issued the Measures for the Implementation of Supervisory Measures in the Securities and Futures Market, effective 30 June 2026, establishing a unified framework for supervisory actions. The 25-article framework outlines fourteen supervisory measures, procedural safeguards, and execution requirements, emphasizing legality, efficiency, and proportionality. The CSRC incorporated public feedback into the final text, with implementation work to follow.
The China Securities Regulatory Commission revised rules on sales fees for publicly offered securities investment funds, effective 1 January 2026, to reduce investor costs and enhance market conduct. Key changes include fee reductions, simplified redemption arrangements, and new requirements for fund sales service fees and client maintenance fees. The revisions aim to encourage equity fund development and establish a direct sales service platform for institutional investors.
Cape Verde’s Ministry of Finance announced that the sale of shares in Cabo Verde Handling, S.A. is in its final negotiation phase, following a transparent procedure established by Decree-Law No. 31/2020 and Council of Ministers Resolution No. 35/2025. The government emphasized that halting the process could harm investor confidence, and it will proceed according to legal and procedural guidelines.
The China Banking and Insurance Regulatory Commission has updated the 2015 guidelines with new Measures for the Administration of Commercial Bank Mergers and Acquisitions Loans. The measures expand M&A loans to include minority-stake transactions and introduce differentiated eligibility for controlling versus minority-stake lending. They adjust loan terms by increasing the maximum share of acquisition financing and extending loan tenors, while emphasizing the assessment of acquirers' debt-servicing capacity and post-acquisition performance.
The Central Bank of Myanmar announced the removal of 29 exporter companies and their board members from the blacklist and travel restrictions after reinstating their export revenues. This delisting pertains to blacklists by the Ministry of Home Affairs and the Ministry of Immigration and People’s Power for companies that failed to re-enter export revenues from 2016 to 2021.
The Monetary Authority of Macao released an overview of the revised Investment Funds Law, effective 1 January 2026, enhancing the regulatory framework for investment funds and management. Key updates include stricter related-party transaction rules, new prudential limits, and increased investor protections through higher disclosure requirements. The law also removes minimum thresholds for fund formation, abolishes supervisory fees, and expands the business scope for fund management companies.
The European Central Bank issued a notice dated 31 December 2025, without additional details on its content or purpose.
The Royal Monetary Authority of Bhutan released its Annual Report for FY 2024/25, detailing Bhutan's macroeconomic conditions, financial sector developments, and medium-term outlook. The report includes a new chapter on Capital Market Development and covers monetary policy operations, liquidity management, and financial sector progress. It also features the Authority's financial statements and a comprehensive statistical appendix.
The Taiwan Financial Services Commission appointed Shang Kuang-chi as Chief Secretary, succeeding Lin Chih-chi. The Executive Yuan approved the appointment on 30 December 2025, effective 31 December 2025.
The State Bank of Vietnam convened a meeting to finalize 2025 year-end accounts, emphasizing organizational streamlining and secure completion of settlements. The restructuring reduced 63 branches to 15 regional branches and consolidated accounting units from 72 to 20. Priorities for 2026 include macroeconomic stability, inflation control, and enhanced monetary policy operations.
The State Bank of Vietnam (SBV) has launched a 2026 banking-sector-wide emulation campaign focused on innovation, digitalisation, and efficiency. Key priorities include legal framework completion, proactive monetary policy, safer credit administration, enhanced market discipline, and accelerated digital transformation. The campaign also emphasizes improved access to finance, non-performing loan resolution, and organisational streamlining.
The State Bank of Vietnam (SBV) reviewed its 2021–2025 performance, highlighting flexible monetary policy in 2025 that supported over 8% economic growth and maintained inflation around 3%. Achievements included stable policy rates, credit growth, disaster-related financial support, and advancements in digital payments and administrative simplification. For 2026, SBV plans to focus on monetary policy, digital transformation, credit-institution restructuring, and implementing Resolution 18 on organisational streamlining.
The State Bank of Vietnam's 2026 banking-sector conference prioritized proactive, flexible monetary policy to maintain macroeconomic stability, control inflation, and safeguard the banking system. Key outcomes included administrative simplification, unchanged policy rates, and a VND 500 trillion preferential lending package. Governor Nguyen Thi Hong emphasized ensuring adequate cash supply and secure payments for early 2026 and the Lunar New Year.
The Cayman Islands Monetary Authority announced Cabinet-approved legislative amendments introducing fee adjustments across regulated sectors effective 1 January 2026. Mutual and private funds will see a consolidated annual fee, while insurance fees for Class B(i), (ii), and (iii) insurers will rise by 10%. Banking fees will adopt a tiered structure based on assets under management, with phased increases from 2026 to 2028.
The Cayman Islands Monetary Authority has launched a new Prudential Information Survey (ADR-046-75-02) for all Registered Persons for the 2025 calendar year, to be submitted via the Regulatory Enhanced Electronic Forms Submission (REEFS) portal. This survey, covering activities, exposures, and risk areas, supplements the Annual Declaration (ADR-046-75) and aims to enhance supervisory assessments. Both submissions require timely and accurate completion.
The Central Bank of Trinidad and Tobago released its December 2025 Economic DataPack, consolidating key economic and financial statistics for policy support. Notable indicators include a Q1 2025 real GDP contraction of 2.1% year-on-year, Q3 2025 headline inflation at 1.3% average, and a central bank repo rate of 3.50%. The external sector reports net official reserves of USD 4,878.3 million, while public finance data show government debt at TTD 147.4 billion (84.3% of GDP).
The Central Bank of the Bahamas has released final Application Guidelines for Private Trust Companies, Qualified Executive Entities (QEEs), and Registered Representatives, detailing registration and documentation requirements under the Executive Entities Act, 2011. QEEs must maintain a Special Officer or Special Council Member and comply with Fit and Proper Guidelines. Registered Representatives must submit annual certifications, ensuring QEEs remain exempt from trust company licensing.
The National Bank of Moldova has republished the consolidated text of the Law on foreign exchange regulation, incorporating the latest legislative amendments. This updated version includes changes from Law No. 327 of 29 December 2025, as well as other amendments from 2025 and earlier.
The National Bank of Moldova's preliminary Q3 2025 data shows a current account deficit of USD 867.12 million, a capital account net inflow of USD 19.73 million, and a financial account net inflow of USD 947.18 million. The goods trade deficit widened to USD 1,656.48 million, with imports up 10.8% and exports up 26.5%, driven by EU shipments and agri-food products. As of 30 September 2025, the net international investment position was -USD 7,496.25 million, with official reserve assets covering 6.2 months of imports.
The National Bank of Moldova reported a Q3 2025 current account deficit of USD 867.12 million, a 1.7% decrease from Q3 2024, amounting to 14.3% of GDP. The deficit reduction was driven by surpluses in secondary income and services, despite wider goods trade and primary income deficits. Net financial account inflows were USD 947.18 million, with a reduction in residents’ external financial assets and an increase in liabilities to non-residents.
The National Bank of Moldova reported a Q3 2025 current account deficit of USD 867.12 million, with a capital account net inflow of USD 19.73 million and a financial account net inflow of USD 947.18 million. The current account deficit was 1.7% smaller than Q3 2024, with a deficit-to-GDP ratio of minus 14.3%. Moldova's net debtor international investment position increased by 23.4% from end-2024, with gross external debt rising 12.4% to 58.9% of GDP.
The National Bank of Moldova reported on the liquidation of Banca de Economii S.A., BC “BANCA SOCIALĂ” S.A., and B.C. “UNIBANK” S.A., focusing on asset realisation and emergency loan servicing since their 2015 licence withdrawals. By 31 December 2025, estates collected MDL 3,066,078.6 thousand, with MDL 11,200,800.0 thousand in emergency loans outstanding. Liquidators are pursuing recoveries through court claims, insolvency proceedings, and asset sales, directing proceeds towards liquidation costs and creditor claims.
The National Bank of Moldova released reports on its public procurement contracts, including the 2025 annual report and a first-half 2025 report, available in PDF and XLS formats. Reports for 2024, 2023, 2022, and 2021 are also included.
The National Bank of Moldova reported a 12.4% increase in Moldova’s gross external debt, reaching USD 11,600.42 million as of 30 September 2025, equivalent to 58.9% of GDP. Public external debt rose by 12.8% to USD 4,867.71 million, while private external debt increased by 12.1% to USD 6,732.71 million.
The National Bank of Moldova released provisional international investment position statistics for 30 September 2025, revealing a net debtor position of -USD 7,496.25 million, a 23.4% increase from end-2024. The net IIP-to-GDP ratio rose to -38.1%, with external financial assets at USD 8,451.71 million and liabilities at USD 15,947.97 million. The external assets to liabilities ratio decreased to 53.0%.
The Central Bank of Timor-Leste's fourth-quarter 2025 Petroleum Fund report shows the fund balance fell to USD 18.61 billion from USD 18.95 billion in the previous quarter. The portfolio returned 1.68% in the quarter, above its 1.58% benchmark, while withdrawals totaled USD 604.34 million, including a USD 600 million transfer to the Treasury Account. For 2025 as a whole, the fund posted a 10.41% market return against a 10.04% benchmark.
The State Bank of Pakistan's Quarterly Report on Payment Systems for Q1 FY 2025-26 highlights growth in retail and digital payments, driven by mobile app-based banking. Retail payment volumes increased by 10% to 2.8 billion transactions, with digital channels accounting for 90% of these. Raast processed 544 million transactions valued at PKR 12.8 trillion, with significant activity in person-to-person transactions.
The State Bank of Pakistan has instructed commercial banks to extend branch hours until 10:00 P.M. on 31 December 2025 to facilitate government duty and tax payments. Banks must also keep branches open as needed for Special Clearing by NIFT and ensure uninterrupted online payment services.
The Angola Capital Markets Commission has approved the registration of FUNDO ASSET, a closed-ended Special Securities Investment Fund focused on equities via private subscription. The fund will invest in a diversified portfolio including shares, bonds with share subscription rights, convertible bonds, and warrants. Prospectum Capital – SCVM, S.A. will manage the fund, with Banco Keve, S.A. as depositary.
The Angola Capital Markets Commission has approved the registration of AXIOS, a new closed-end special securities investment fund focused on equities and offered by private subscription. The fund's investment policy includes high-liquidity money market instruments, various debt and equity instruments, and units in collective investment undertakings. Ohuasi Investment is the management company, with Banco Keve, S.A. as the depositary.
The Montenegro Capital Market Authority revoked the operating licence of SASA CAPITAL a.d. Podgorica, following the firm's decision to cease investment services and activities. The decision was made at the Authority's 163rd session under Article 222(1)(2) of the Capital Market Law. Clients have been advised to withdraw or transfer their funds in accordance with Article 223(1).
Indonesia’s Financial Services Authority (OJK) reported a robust 2025, with the Jakarta Composite Index up 22.10% and market capitalisation at IDR 15,810 trillion. OJK noted increased retail participation, significant fundraising, and supervisory actions to maintain market integrity, including 219 technical and 155 special examinations. For 2026, OJK outlined strategic agendas on market deepening, integrity, governance, and sustainable finance development.
The Financial Superintendency of Colombia (SFC) announced the 2026 maximum premiums for Mandatory Traffic Accident Insurance (SOAT), adjusting tariff caps by vehicle category with a 5.17% annual change in the Tax Value Unit (UVT). The SFC reported a 7% increase in the insured vehicle fleet to 10.6 million policies, a decline in accident frequency to 8.2%, and an increase in average claim severity to COP 2.8 million. Consumers are advised to purchase SOAT through official channels to avoid fraud.
The Central Bank of Mexico's annual report to Congress outlines its actions from July 2024 to June 2025 under the Law for Transparency and Regulation of Financial Services, covering credit transparency, payroll services competition, and payments regulation. Key initiatives include revising the Costo Anual Total (CAT) methodology, amending regulations for Créditos Asociados a la Nómina (CAN), and launching the Banxico Contigo website. The report also notes the completion of the credit-offering platform's technological build, pending broader issuer participation for public release.
The Central Bank of Mexico has launched a public consultation on draft rules for card payment clearinghouses to enhance security, efficiency, and interoperability. The proposed framework includes clearer interoperability rules, service diversification, and adherence to international standards, focusing on operational, liquidity, and cybersecurity risk management. It also seeks to expand card use, reduce costs, and improve transaction processing times.
The Central Bank of Mexico has launched a public consultation on draft provisions to establish "Rules for the supply of information to the Bank of Mexico," aiming to enhance information management through a standardized regulatory framework. The draft includes measures to ensure information security and cybersecurity, supporting the financial system's development and payment systems' proper functioning.
The Bank of Japan released its Payment and Settlement Statistics for November 2025, highlighting a 9.9% increase in daily settlement instructions via BOJ current accounts and a 6.0% rise in transaction value to JPY 233.8 trillion. Key systems such as the Zengin System and the Foreign Exchange Yen Clearing System also saw significant growth in transaction volumes and values.
The Bank of Japan published November 2025 banking statistics on average contract interest rates for loans and discounts, detailing rates for new and outstanding loans across various bank categories and maturities. The data will be available on the BOJ Time-Series Data Search following the next business day.
The Central Bank of Kenya has licensed an additional 42 Digital Credit Providers (DCPs), bringing the total to 195. Since March 2022, over 800 applications have been received, with ongoing engagement on business models and consumer protection. The licensing aims to address public concerns over predatory practices by unregulated providers.
David Abesadze, Head of the Securities Market Supervision Department at the National Bank of Georgia, participated in an IOSCO panel in Malta on sustainability reporting implementation. The panel, part of the GEMC’s Sustainability Standards Implementation Network, discussed policy design, regulatory frameworks, and market readiness for sustainability reporting. Abesadze also attended a meeting of IOSCO’s European Regional Committee.
The National Bank of Georgia released updated external debt statistics, showing gross external debt at USD 27.3 billion (74.2% of GDP) and net external debt at USD 13.0 billion (35.4% of GDP) as of 30 September 2025. The third quarter saw a USD 807.4 million increase in gross external debt, primarily due to transactions and price changes. Public sector external debt was USD 11.6 billion, with foreign-currency liabilities comprising 87.6% of total.
The National Bank of Georgia released a working paper analyzing strategic tariff setting among large economies using a Stackelberg-Cournot model. The study, calibrated to the US, China, and the EU, finds that first movers in tariff setting can achieve short-term welfare gains at the expense of trading partners, reducing global welfare and trade volumes. The paper highlights the importance of cooperation due to spillovers affecting small economies.
The National Bank of Georgia reported a Q3 2025 current account surplus of USD 338.8 million (GEL 917.3 million), or 3.3% of GDP, driven by services and current transfers. The goods trade deficit widened by 10.7% year-on-year to USD 1.7 billion (GEL 4.5 billion), with exports down 0.3% and imports up 3.8%. Net foreign direct investment reached USD 430.0 million (GEL 1.2 billion), representing 4.2% of GDP.
The National Bank of Georgia released updated international investment position statistics, revealing a net IIP of USD -32.3 billion (GEL -87.4 billion) as of September 30, 2025, or -87.7% of GDP. This marks an improvement of USD 648.6 million from the previous quarter, with international assets increasing by USD 1.8 billion and liabilities by USD 1.1 billion.
Lebanon's Central Bank governor supports the draft Financial Stability and Deposit Repayment law but calls for refinements to enhance fairness, credibility, and implementation. Key concerns include clearer state obligations, a realistic repayment timeline, and caution against depleting banks' private capital before addressing irregular claims. The governor urges the Council of Ministers to review thoroughly before parliamentary submission.
The Central Bank of the Republic of China’s Governor Pan Gongsheng visited the National Clearing Center to review preparations for the 2025 year-end final accounts, emphasizing the importance of safe and stable payment and clearing system operations. He stressed the need for close coordination, strict implementation of internal requirements, and enhanced technical support. Deputy Governor Lu Lei and senior officials were also present.
The Bank of Lithuania reported that foreign direct investment (FDI) into Lithuania doubled year-on-year in Q3 2025 to EUR 1.9 billion, primarily due to EUR 1.0 billion in net inflows through debt instruments. The largest inflows were from the UK, Sweden, Latvia, and Luxembourg, while manufacturing and financial sectors led by sector. Cumulative FDI in Lithuania rose 9.2% to EUR 42.9 billion, with Germany and the Netherlands as largest investors.
The Bank of Lithuania reported a EUR 2.7 billion surplus in third-quarter 2025 international trade in services, with exports at EUR 6.6 billion and imports at EUR 3.9 billion. Transport services dominated trade, with road transport showing the largest surplus and sea freight the largest deficit. Services exports to the EU rose 14.0%, with Germany as the largest export partner, while imports from the EU increased 16.6%, led by Poland.
FINRA ordered American Portfolios Financial Services, Inc. (APFS) to pay USD 4.6 million in restitution and a USD 550,000 fine for inaccurate disclosures and retention of undisclosed surplus interest in its bank deposit program. APFS collected over USD 3 million in excess fees and failed to disclose USD 1.25 million in surplus interest, leading to inaccurate financial reporting. Supervisory failures were identified, with APFS settling the charges without admitting or denying them.
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) has suspended its recent information-disclosure requirements for pension funds, delaying their application until 1 January 2027. The suspension, under Regulatory Standard No. 7/2025-R, allows more time for adaptation and aligns with ASF's regulatory simplification efforts and potential amendments to Directive (EU) 2016/2341. ASF plans to re-evaluate the requirements and adopt further regulatory initiatives as needed.
The Federal Housing Finance Agency reported a 0.4% increase in US house prices for October, with a 1.7% rise from October 2024 to October 2025. September's data was revised from a 0.0% change to a 0.1% decline. Regional variations included a 0.4% decline in the East South Central division and a 1.0% increase in the West South Central division.
The Gibraltar Financial Services Commission (GFSC) has released a thematic review evaluating firms' controls for anti-money laundering (AML), combating the financing of terrorism (CFT), and counter-proliferation financing (CPF) across various sectors. This publication concludes the GFSC's sectoral AML/CFT thematic reviews, assessing compliance with the Proceeds of Crime Act 2015.
The National Bank of Ethiopia's Monetary Policy Committee maintained its tight policy stance, keeping the National Bank Rate at 15% and the 24% annual credit growth limit. Measures to contain monetary expansion include raising banks' required reserve ratio to a 10% monthly average and moving the minimum deposit saving rate to a market-determined level. The committee noted annual inflation at 10.9% and significant growth in monetary and credit metrics, with liquidity shortages addressed through the interbank money market and standing lending facility.
The State Bank of Vietnam presented a monetary policy report to the Government's new Steering Committee for Macroeconomic Management, chaired by Prime Minister Pham Minh Chinh, outlining 2026 goals for double-digit growth, macroeconomic stability, and inflation control. The Prime Minister directed proactive and flexible monetary policy management, including credit room setting, exchange rate and interest rate management, and the urgent operation of the national gold exchange, while fiscal policy will remain expansionary.
The State Bank of Vietnam appointed Ms Nguyen Thi Thu Thu as Director of the newly established Region 8 Branch, with Deputy Governor Pham Quang Dung presenting the decision. Nguyen is tasked with stabilizing the organization and enhancing state management to ensure banking safety and support local socio-economic development.
Austria's Financial Market Authority (FMA) will take over monitoring and enforcing financial sanctions from the Oesterreichische Nationalbank on 1 January 2026. This transition, part of a 2024 reform, affects all entities under the Sanctions Act, requiring strategies to mitigate sanctions risks. The FMA will integrate financial sanctions supervision with its existing anti-money laundering and counter-terrorist financing oversight, planning around 30 combined inspections and 20 spot checks in 2026.
The Hong Kong Monetary Authority issued a scam alert following reports from several banks about fraudulent websites, phishing emails, and fake internet banking login screens. The alert involves The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and Bank of China (Hong Kong). The HKMA reminded the public that banks will not request sensitive information via SMS, email, or phone.
The Hong Kong Monetary Authority and The Hong Kong Association of Banks announced that all retail banks, including digital banks, will fully launch the Money Safe service for individual customers by 31 December. Money Safe allows customers to protect designated deposit amounts, requiring face-to-face anti-scam verification for transfers or withdrawals. The initiative will be supported by advertisements and promotional campaigns to enhance public understanding and uptake.
The Portuguese Securities Commission (CMVM) released its Annual Report on Capital Market Exposure to Climate Risk, highlighting physical climate risks for alternative investment funds in Portuguese real estate and PSI index issuers. The report identifies wildfires and water stress as significant risks for real estate, while PSI issuers face risks from rising temperatures and extreme weather. The CMVM emphasizes the importance of mitigation measures and greenhouse gas reduction.
The Isle of Man Financial Services Authority has updated guidance for the 2025 AML/CFT Statistical Return, highlighting new and revised questions for various sectors. Key changes include expanded customer-type categories, additional questions for trust and corporate service providers, and improved data collection on financial flows and staffing. The Authority will assess feedback and may adjust the guidance during the reporting period.
The National Bank of Bulgaria announced that following Bulgaria's accession to the euro area, Bulgarian lev banknotes will be exchanged into euros from 1 January 2026 to 2 March 2026 at the official conversion rate of EUR 1 = BGN 1.95583. The exchange will be free of charge, with a daily limit of BGN 2,000 per client per transaction, at designated locations of euro area national central banks.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved several senior personnel appointments in the securities market. Kuanov Rauan Berdibekuly and Daulet Erasyl Altynbayuly were appointed to the executive body of JSC Teniz Capital Investment Banking, while Zhumabekova Zaurezh Salmenovna was approved as a chief accountant.
Kazakhstan's Financial Market Agency explained motor insurance, distinguishing compulsory third-party liability from voluntary CASCO. Fifteen insurers offer CASCO, with premiums at KZT 77.3 billion and payouts KZT 26.5 billion in the first 11 months of 2025. CASCO's relevance rises in winter due to higher accident risks.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Asel Timurlanovna Kagazova's appointment to a senior executive role at BCC Invest JSC, a subsidiary of Bank CenterCredit JSC, as per protocol No. 285/RCB/T.
The Arab Monetary Fund's latest Arab Capital Markets Monthly Bulletin reports a second consecutive month of positive performance for Arab capital markets in October 2025, driven by strong quarterly results from listed companies, especially banks. The AMF Composite Index increased by 1.20%, with notable gains in Amman and Muscat, while global market conditions remained broadly positive amid interest rate cuts and easing U.S.–China trade tensions.
The Jordan Securities Commission announced its 2026-2029 strategy focusing on capital market development, foreign exchange regulation, and a framework for virtual assets, emphasizing investor protection. Key measures include tax incentives, extended trading hours, reduced commissions, and new licensing systems for virtual assets, with enhanced solvency instructions and increased guarantees for foreign exchange trading.
The Central Bank of Jordan reported a 27.7% increase in foreign direct investment inflows to USD 1,525.5 million during the first three quarters of 2025, with Arab countries contributing 62.0% of total inflows, led by Gulf Cooperation Council countries. Key sectors attracting investment included finance and insurance, manufacturing, and transportation and storage.
The Central Bank of Bosnia and Herzegovina reported a record currency board coverage ratio of 110.6% and an increase in capital and reserves to BAM 1.72 billion. The 2025 net profit was BAM 289.77 million, significantly exceeding plans, with the profit transfer to the 2026 budget marking a historic high in cumulative transfers. The Bank also highlighted record monetary gold reserves of 3.5 tons and efforts to modernize payment systems in line with EU standards.
The Bank of Spain reported a decline in Spain's 12-month net lending position to 4.2% of GDP (EUR 69.5 billion) through October 2025, down from 4.5% a year earlier. The current account surplus decreased to 3.1% of GDP, while the capital account balance stood at 1.1% of GDP. Tourism remained a key contributor with a surplus of 4.3% of GDP, despite a weakening balance in non-tourism goods and services and a narrowed income deficit.
The Central Bank of Brunei Darussalam released BDCB Policy Statement 2/2025, available in both English and Malay.
The Central Bank of Jordan reported a 27.7% increase in foreign direct investment (FDI) inflows, reaching USD 1,525.5 million in the first three quarters of 2025. Arab countries, particularly the Gulf Cooperation Council, were the largest contributors, with Saudi Arabia leading at 18.8%. The financial and insurance sector attracted the most FDI at 34.4%, followed by manufacturing and transport.
The Brazilian Pension Funds Authority (PREVIC) announced the migration of its Register of Entities and Plans to the new CADPREVIC platform, effective January 2026, with licensing applications moving to the federal gov.br portal. PREVIC advises closed pension funds to link their CNPJ to gov.br and pre-register authorized individuals for submissions. A transition period from January to March 2026 will include direct support from PREVIC.
The Central Bank of Estonia's 2026 budget projects expenses of EUR 33.5 million and revenues of EUR 70.9 million, focusing on IT upgrades, cybersecurity, and crisis-readiness. Key allocations include EUR 1.6 million for cash production, EUR 1.0 million for EU central bank IT projects, and EUR 1.8 million for services to the Estonian Financial Supervision Authority. The bank plans a slight headcount reduction, a 6% payroll increase, and EUR 6.6 million investment in fixed assets, including the ATLAS data system and museum refurbishment.
The European Central Bank released the Eurosystem's financial statement as of 28 November 2025, showing EUR 6,143,717 million in assets and liabilities. Key figures include EUR 4,082,148 million in euro area securities, EUR 1,128,571 million in gold, and EUR 497,351 million in non-euro area claims. Liabilities include EUR 1,595,274 million in banknotes and EUR 2,635,991 million in liabilities to euro area credit institutions, with a note on potential negative "capital and reserves" for national central banks.
The Central Bank of Lebanon governor supports the overall structure of the draft deposit repayment law but has called for clearer, binding and time-bound state commitments. He also urged a realistic cash repayment schedule and safeguards against depleting banks’ equity before irregular claims are removed and the hierarchy of claims is applied. The Cabinet should revise the draft before submitting it to Parliament.
The Central Bank of Russia has extended the mechanism for holders of the Republic of Belarus’s Eurobonds to receive coupon income and redeem bonds via Russian infrastructure in 2026. These Eurobonds can also be substituted with government securities of Belarus. The measures ensure payments and substitutions occur without foreign accounting institutions.
The Central Bank of Russia announced that individuals and companies will pay no fees for state budget payments from digital ruble accounts starting 1 January 2026, initially available to digital ruble pilot participants. The fee-free period for other business transactions in digital rubles is extended until the end of 2026, while individual payments remain free indefinitely. From 1 September 2026, major banks must enable users to open digital ruble wallets and manage transactions.
The Central Bank of Russia extended its loan restructuring recommendations for banks by six months to support corporate borrowers and individual entrepreneurs facing temporary difficulties. It eased loss provision requirements for restructured loans of borrowers with potential financial recovery, contingent on realistic business plans and regular performance monitoring. The regulator will review benchmarks in 2026 to account for industry specifics and company size.
The Central Bank of Russia has resumed quarterly publication of materials on the Russian Federation’s balance of payments, international investment position, and external debt. The digest analyzes key indicator dynamics and reasons for changes, supporting external-sector trend analysis relevant to monetary policy.
The Central Bank of Russia has resumed publishing a quarterly statistical digest on the country's external sector, including the balance of payments, international investment position, and external debt. The digest aims to enhance understanding of external-sector trends and support analysis of factors influencing monetary policy decisions.
The Philippine SEC revoked Seek Explore Sports Association, Inc.'s incorporation for offering securities without approval and fined it PHP 1 million. Violations of the Revised Corporation Code and Securities Regulation Code were found, with unregistered offerings resembling a Ponzi scheme. The entity used agents and social media for unauthorized solicitations, promising returns up to PHP 1.79 million.
The Philippine SEC was recognized by the Bangko Sentral ng Pilipinas as an Innovative Financial Education Partner for its creative financial education initiatives, including digital campaigns against online scams, relaunching the SEC Academy, and advocating financial literacy in high school curricula. The SEC plans to continue collaborating with the BSP and others to enhance financial literacy and combat investment scams.
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Ranking Member Elizabeth Warren criticizing a D.C. District Court decision that blocked the Trump Administration's attempt to defund the Consumer Financial Protection Bureau (CFPB). Warren labeled the funding cut as illegal and emphasized the CFPB's success in returning USD 21 billion to consumers as justification for its continued funding.
The Vietnam State Securities Commission has instructed eight individuals to pay a VND 1,000,000 fee for re-issuance of a securities practice certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or in person. Failure to collect the certificate within one year of the fee notice will result in cancellation.
The Vietnam State Securities Commission has instructed Phạm Tuấn Anh to pay a VND 1,000,000 fee for the re-issuance of a securities practising certificate for fund management. Payment can be made via bank transfer or directly to the Commission. Failure to complete the procedure within one year will result in cancellation of the certificate.