The Central Bank of Mongolia announced the appointment of Sanjaa Narantsogt as the new Governor, succeeding B. Lkhagvasuren. Narantsogt, with a background in finance and economic development, formally assumed the role following parliamentary approval.
The Isle of Man Treasury announced a sanctions update after the UK Foreign, Commonwealth and Development Office added 24 individuals and entities to the UK Sanctions List under the Russia sanctions regime. These entries face asset freeze and trust services sanctions, requiring firms to identify matches and freeze assets if confirmed. Non-compliance or attempts to circumvent sanctions are criminal offences, and frozen assets must be reported to the Financial Intelligence Unit.
The Isle of Man Treasury has amended its export control legislation, updating the Export Control Order 2008 and EU regulations to align with international standards and recent UK and EU policy changes. Key updates include revised controls on conventional weapons per the Wassenaar Arrangement, changes to country listings after the UK's arms embargo lift on Armenia and Azerbaijan, and new controls on electronics and semiconductor equipment. Exporters should consult the updated UK consolidated list of strategic military and dual-use items.
The Single Resolution Board (SRB) has outlined its approach to simplifying the resolution framework to enhance effectiveness, proportionality, and predictability. This initiative aims to reduce unnecessary burdens, focus on relevant risks, and support Banking Union integration while maintaining financial stability and competitiveness in the EU banking sector.
Dubai International Financial Centre announced that Sun Life has been authorized by the Dubai Financial Services Authority to establish operations in the Centre, focusing on high net worth insurance solutions. Sun Life plans to begin operations in December 2025, aiming to enhance partnerships with local and regional brokers and provide coverage for high net worth clients across the Middle East.
The Central Bank of the UAE and Dubai Public Prosecution have launched an electronic system to streamline blood money claim settlements, integrating DPP processes with licensed insurers via the CBUAE’s digital platform. This initiative aims to automate workflows under the UAE's "Zero Bureaucracy" programme and enhance coordination among the CBUAE, insurers, and the DPP. A Memorandum of Understanding was signed to support ongoing cooperation and improve service efficiency.
The U.S. Securities & Exchange Commission announced Dr. Joshua T. White's return as Chief Economist and Director of the Division of Economic and Risk Analysis (DERA) starting January 2026. White, who previously served in DERA, will focus on enhancing economic analysis in SEC rulemaking. Robert Fisher will continue supporting DERA as Acting Chief Economist.
The U.S. Securities and Exchange Commission’s Office of the Investor Advocate submitted its Fiscal Year 2025 Report on Activities to Congress, detailing key workstreams in investor research, engagement, advocacy, and assistance. The report highlights research on accredited investors, advocacy in private markets and disclosure, and the Ombuds Office's investor support efforts. It underscores the office's role in aiding retail investors and proposing beneficial regulatory changes.
Mexico's Ministry of Finance and Public Credit announced that the National Banking and Securities Commission (CNBV) revoked Vector Casa de Bolsa, S.A. de C.V.’s authorization to operate, following the firm's voluntary request. The decision, approved by shareholders and unrelated to US Treasury measures, was deemed appropriate by the CNBV's Governing Board after meeting all legal and operational requirements.
The Bank of Italy released ten Occasional Papers (Nos. 982–991) covering topics such as euro-area inflation expectations, climate impacts on inflation, and Italian household financial behaviors. The research includes analyses on payment fraud, insolvency, public procurement, and healthcare staffing in Italy. Notable studies examine the effects of a financial education campaign and the adoption of generative AI by households.
Mexico's National Banking and Securities Commission (CNBV) revoked Vector Casa de Bolsa, S.A. de C.V.'s brokerage license following the firm's voluntary request. The decision was based solely on the firm's interests and unrelated to the US Treasury’s Financial Crimes Enforcement Network. The CNBV's Governing Board approved the revocation after assessing legal, financial, and operational factors.
The National Bank of Denmark released the 2026 central government borrowing strategy, projecting a financing requirement of DKK 109 billion, a decrease of DKK 32 billion from 2025, with unchanged government bond issuance at DKK 65 billion. The strategy includes DKK 15 billion in Treasury bills, DKK 5 billion in commercial paper, and a short-term foreign currency bond under the EMTN programme, aiming to minimize borrowing costs while maintaining market access and a robust domestic capital market.
The Financial Markets Standards Board has released a Transparency Draft Statement of Good Practice on grey market trading to guide firms in assessing its appropriateness, highlighting its role in price discovery and liquidity, while noting risks, especially for syndicate banks. The draft is open for industry comment until 15 February 2026.
The Bank of Israel reported a 0.5% increase in its November Index of Economic Activity, reversing October's decline and surpassing the long-term growth trend of 0.3%. The rise was driven by goods exports, imports, labor market indicators, indirect taxes, and equity market indices, while revisions to prior months' data and third-quarter GDP estimates were adjusted downward.
The Bank of Israel announced relief measures under the Checks without Cover regime for Operation Rising Lion, excluding checks returned for insufficient funds between June 13 and June 30, 2025, from counts triggering account restrictions and reporting. Enacted by the Minister of Justice, these measures will automatically lift restrictions imposed during this period, though the obligation to pay remains and other non-payment consequences may still apply.
Mexico's National Banking and Securities Commission reported the commercial banking sector's Capitalisation Index at 20.51% as of end-October 2025. The Basic Capital Coefficient was 18.48%, and the Core Capital Coefficient was 17.19%.
The European Securities and Markets Authority (ESMA) found that its guidelines for ESG-related fund names improved alignment with investment strategies, reducing greenwashing risks. Analysis of nearly 1,000 shareholder notifications showed 64% of funds changed names, often avoiding ESG terms, and 56% updated policies for greater sustainability focus. A review of 4,000 EU funds indicated higher fossil fuel exposure increased the likelihood of removing ESG terms, while funds retaining ESG terms significantly reduced fossil fuel holdings.
The Spanish Securities Commission (CNMV) has appointed Soledad García Santa as the new head of its Bilbao delegation, succeeding Concepción Cabezudo. García Santa, with over 20 years of experience at the CNMV, will focus on reinforcing the delegation's workstreams. The Bilbao office, established in 2021, aims to enhance CNMV's presence in the Basque financial ecosystem.
The Australian Securities & Investments Commission (ASIC) has extended two relief instruments for litigation funding, conditional costs schemes, and proof of debt arrangements until 31 January 2029. This extension, via an amending instrument, aims to provide regulatory certainty while the Government reviews its policy. The relief exempts these arrangements from certain requirements under the National Consumer Credit Protection Act 2009 and the Corporations Act 2001.
The Australian Securities & Investments Commission (ASIC) secured Federal Court orders to appoint receivers over Gregory Raymond Cotton and First Mutual Private Equity Pty Ltd amid an investigation into alleged misuse of investor funds. Robert Woods and Salvatore Algeri of Deloitte SRT Pty Ltd were appointed to identify and secure assets, with a report due by 20 February 2026. ASIC's investigation suggests up to AUD 131 million was raised, with significant funds allegedly spent on gambling.
Mozambique’s Ministry of Finance emphasized the strategic importance of the Banking, Financial Services and Insurance Mozambique 2025 conference for dialogue on digital transformation in the financial sector. Finance Minister Carla Loveira highlighted its alignment with the National Development Strategy 2025–2044, focusing on innovation and digitalisation to enhance economic transformation, financial inclusion, and service quality.
The Mauritius Financial Services Commission amended its licensing and fees framework, allowing discretion to treat a previously submitted Personal Questionnaire as valid if submitted within two years and unchanged. Rule 7(4B) mandates a new questionnaire if there are material changes, maintaining the Commission's authority to request updates from relevant parties. The amendments take effect on 5 January 2026.
De Nederlandsche Bank reports that Dutch pension funds, insurers, and investment funds now hold over EUR 200 billion in listed technology shares, doubling since 2020. Significant investments in major US tech firms increase vulnerability to market volatility and valuation risks. DNB advises institutions to manage exposures within their risk appetite due to tech shares' heightened volatility and sensitivity to market shocks.
The Congo Insurance Regulation and Control Authority convened with the Congolese National Police to finalize practical modalities for motor third-party liability insurance enforcement checks. This session aimed to prepare for the effective launch of field operations.
Governor Natia Turnava of the National Bank of Georgia emphasized corporate bonds' role in alternative financing at Rico Express’s GEL 200 million bond issuance event. Part of the State Capital Market Development Program, the issuance aims to refinance GEL 130 million of 2023 bonds and expand the loan portfolio. Turnava noted total corporate bond issuance in 2025 surpassed GEL 1.5 billion, with more placements expected by year-end.
The National Credit Union Administration's 2025 Q3 report shows modest balance-sheet growth and stable lending at federally insured credit unions, with median assets up 2.6% and loans up 0.3%. Membership grew overall, but the median credit union saw a 0.5% decline, particularly among those with assets under USD 50 million. Profitability improved, with 88% reporting positive net income, up from 85% in 2024.
The European Banking Authority's Q3 2025 Risk Dashboard, accessible via the European Data Access Portal, indicates stable prudential and performance metrics for EU/EEA banks amid macroeconomic and geopolitical challenges. Key figures include a transitional common equity tier 1 ratio of 16.3%, liquidity coverage ratio of 160.7%, and net stable funding ratio of 126.8%. The portal aims to become a central hub for supervisory data, with plans to include Pillar 3 data by Q1 2026.
The European Banking Authority (EBA) issued guidance on managing enhanced operational risk reporting under amended Implementing Technical Standards, following the European Commission's delay of new reporting obligations to June 2026. Banks should use the COREP OF module (release 4.2) for March 2026, with certain templates deferred to June 2026. Updated reporting instructions and tools have been published to aid preparation for the June 2026 implementation.
The Danish Financial Supervisory Authority's semi-annual risk outlook highlights elevated geopolitical tensions and outlines three risk scenarios: infrastructure breakdown, financial market crisis, and recession. Planned supervisory activities for 2026 include enhanced cyber security and IT supervision, tighter lending oversight, focus on sustainable pension products, intensified supervision of alternative investment funds and crypto-assets, and strengthened anti-money laundering.
The Danish Financial Supervisory Authority has designated Nets as an operator of financial digital infrastructure, imposing enhanced requirements for digital operational resilience, cybersecurity, and incident reporting. This designation expands IT supervision to Nets' entire business beyond its payment institution activities. Nets joins six other firms as designated operators in Denmark, with potential for further additions.
The Bank of Lithuania has authorized Nuvei Liquidity, UAB as a crypto-asset service provider, permitting custody, administration, transfer, and exchange of crypto-assets. Additionally, the firm received a payment institution licence for operations with electronic money tokens. Part of the Canadian Nuvei Group, Nuvei Liquidity aims to serve business and retail clients in Lithuania, facilitating crypto-asset payments and blockchain fund transfers.
The Bank of Lithuania has authorized UAB Decentralized as a crypto-asset service provider, enabling it to offer custody, administration, transfer, and exchange services for crypto-assets. Additionally, the company received a payment institution licence for operations with electronic money tokens. Operating under the CoinGate brand, UAB Decentralized plans to focus its services in the Lithuanian market.
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) issued guidance on supervisory expectations for PRIIPs key information documents (KIDs), emphasizing consistency with the prospectus. The CSSF advises that KIDs should clearly summarize key investment policies and strategies, avoiding unnecessary detail, and recommends updates within 35 business days post-31 December. The CSSF retains the right to review KIDs for discrepancies or late submissions.
The Luxembourg Commission de Surveillance du Secteur Financier will implement changes to U1.1 reporting from 31 December 2025, permitting delegation of report transmission and requiring submitter designation via the eDesk procedure. Entities can start setting up delegation in eDesk, with guidance available on the CSSF website.
The Central Bank of Colombia issued External Operational and Services Circular DSP-272, detailing fees for deposit account administration, CUD operations, and centralized modules for instant payment interoperability.
The National Futures Association (NFA) ordered Alggoritmica Portfolio Management LLC and its principal, Lino David Flores Hidalgo, to withdraw from membership. Hidalgo was fined USD 75,000 and barred from reapplying for three years. This follows a settlement where they neither admitted nor denied allegations, including misuse of a misleading disclosure document and failure to qualify for a Commodity Futures Trading Commission Regulation 4.7 exemption. The NFA found multiple violations, including improper asset use and lack of cooperation.
The Bank of the Lao has launched the Financial Institution Reporting System (FIRS) to modernize data collection from commercial banks, enhancing security and efficiency. FIRS aims to support supervisory functions by automating data collection and consolidation. It is also seen as a step towards a centralized data warehouse and future big data capabilities.
The Banking Agency of the Federation of Bosnia and Herzegovina has revoked the licence of Microcredit Foundation “LOK” Sarajevo to conduct microcredit lending activities, as per Decision No. 04-1-3-1579-21/24 dated 12 December 2025.
The UK Financial Conduct Authority has introduced new standards allowing banks and payment providers with robust fraud controls to set their own contactless payment limits, while maintaining consumer protections. Firms are encouraged to let customers set personal limits or disable contactless payments. The changes, effective March 2026, require clear communication to customers, aligning with the Consumer Duty.
The Hong Kong Securities and Futures Commission's July–September 2025 Quarterly Report highlights increased connectivity with Mainland and overseas markets, expansion in virtual asset offerings, and collaboration with the Hong Kong SAR Government on new regulatory regimes. The report notes significant growth in Swap Connect trading volume and virtual asset ETFs, alongside 24 IPOs raising over HKD 70 billion. A workplan is underway to implement a roadmap for fixed income and currency markets, with conclusions on proposed virtual asset regimes expected soon.
The Hong Kong Securities and Futures Commission announced that Ms Wong Yuk Lan was sentenced to eight months' imprisonment for false trading in a market manipulation case involving China All Access (Holdings) Limited. The Shatin Magistrates’ Courts also ordered her to pay the investigation costs. The Magistrate emphasized the seriousness of the offence and the need to protect investors, noting Wong's lack of remorse.
The Financial Services Regulatory Authority of Ontario has initiated enforcement action against Poonam Chauhan, proposing to revoke her insurance agent licence and impose CAD 35,000 in penalties. Allegations include making false statements in insurance solicitation and obstructing FSRA’s investigation. Chauhan has requested a hearing before the Financial Services Tribunal.
The Financial Services Regulatory Authority of Ontario reached a settlement with Gowthaman Balachandran, resulting in the imposition of licence conditions.
The Austrian National Bank (OeNB) has allocated EUR 2.9 million from its Jubilee Fund to support 11 research projects selected from 44 applications. These projects cover diverse topics including fiscal policy perceptions, Gen Z financial education, inflation comparisons, and sustainable pensions.
The International Financial Reporting Standards Foundation updated its Memorandum of Understanding with China’s Ministry of Finance, ensuring the International Sustainability Standards Board will maintain its Beijing office to support cooperation and innovation. Minwen Zhang was appointed as the new Beijing office director and special adviser to the ISSB Chair, succeeding Zhengwei Zhang.
The Hong Kong Monetary Authority (HKMA) issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails targeting customers of The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, and Bank of China (Hong Kong). HKMA emphasized banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.
Greece's Ministry of National Economy and Finance reported a provisional central administration budget surplus of EUR 5.131bn for January–November 2025, surpassing the target of EUR 225m. Net revenues exceeded targets by EUR 2.259bn, primarily due to an early receipt from the Recovery and Resilience Facility, while total expenditures were EUR 2.647bn below target. The ministry noted differences between cash-basis and fiscal-basis results, expecting revenue deviations to be addressed in the December bulletin.
Uganda's Ministry of Finance and the Bank of Uganda have launched the Okusevinga Money Market Unit Trust Scheme, Africa's first government-owned unit trust, to offer retail savers regulated, low-risk investment options via a mobile platform. The initiative aims to shift from access to financial services to active participation in savings and investment, addressing informal saving. The pilot will test platform functionality and consumer safeguards before a broader launch in early 2026.
CySEC fined Cyprus Investment Firm Wonderinterest Trading Ltd EUR 100,000 for breaches of the Investment Services and Activities and Regulated Markets Law of 2017. Penalties include EUR 50,000 for non-compliance with authorisation conditions, EUR 30,000 for not acting in clients' best interests, and EUR 20,000 for providing misleading information. CySEC emphasized the importance of effective policies, investor protection, and proper risk assessment for target markets.
The Federal Reserve Bank of Richmond's CFO Survey, with Duke University and the Federal Reserve Bank of Atlanta, reveals U.S. CFOs' concerns over tariffs and anticipates price growth above 3 percent in 2026, with moderate employment and economic activity gains. AI spending is expected to rise significantly, especially among small firms, with 80 percent planning investments in 2026. The survey also notes a decline in the CFO Optimism Index and forecasts real GDP growth of 1.9 percent in 2026.
The Isle of Man Financial Services Authority released a Q&A document post-2025 Pensions Governance Conference, addressing unanswered panel questions. The document covers proposed legislative changes, supervisory priorities, and preparations for the 2026 MONEYVAL evaluation, alongside updates on the Retirement Benefits Schemes (Amendment) Bill aimed at enhancing consumer protection.
The General Secretariat of the Union of Arab Securities Authorities met with the Iraqi Securities Commission and the Iraq Stock Exchange to discuss enhancing cooperation in regulation, supervision, oversight, institutional capacity building, and legislative framework strengthening. The meetings reviewed existing cooperation and joint training programs aimed at developing market professionals' competencies in supervision and regulation.
The Thailand Office of Insurance Commission updated its expectations for insurance intermediaries, emphasizing legally compliant appointment contracts for agents and brokers as essential for risk control. It advocated electronic premium payment to enhance transparency and efficiency, advising consumers to verify seller licenses and use official payment channels. The Office aims to raise service and conduct standards among intermediaries through proactive supervision.
The Central Bank of the Republic of Uzbekistan approved a new organizational structure and a 2026–2027 roadmap for the Joint-Stock Company Central Securities Depository. The roadmap aims to enhance digital transformation, align service quality with international standards, and improve post-trading services. A transformation Project Office has been established, and Valiyev Sanjar Shavkatovich appointed as First Deputy Chief Executive Officer to lead these efforts.
Mexico’s National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) warned of identity impersonation involving 18 registered financial institutions in November 2025. The impersonators allegedly used the institutions' names, logos, and corporate identities to deceive individuals seeking credit. CONDUSEF advised users to verify institutions through the System of Financial Service Providers (SIPRES).
Jordan's Cabinet approved amendments to the Jordan Securities Commission's Fees and Services Allowance Regulations for 2025, reducing the Commission's share of the trading fee and lowering ASE Company's annual licence renewal fee to increase ASE's trading revenue share and support the objectives of the Commission and the Depository Center.
The Central Bank of Liberia has launched the Inclusive Instant Payment System, introducing mobile money interoperability and real-time digital payments as the first phase of a broader payments modernization effort. Initial use cases cover person-to-person and government-to-people transactions, with tax payments, bank and fintech participation, and further payment use cases planned next.
Bank of Spain Deputy Governor Soledad Núñez, at the 2nd Conference on Sustainable Finance, emphasized integrating sustainability criteria into financial decisions to address climate risks. She warned against simplifying EU sustainability reporting at the expense of transparency. Núñez highlighted the economic impact of climate risks, noting a decline in global sustainable bond issuance and the importance of high-quality data for stress tests and reducing greenwashing.
The Bank of Spain's Deputy Governor Soledad Núñez emphasized the importance of financial education and community welfare programs for household well-being and social progress at the 20th CECA Awards. Núñez noted a significant financial literacy gap in Spain, stressing the need for education to adapt to digital finance and cybersecurity. She advocated for community projects to focus on transparency, inclusion, and collaboration with public and non-profit sectors.
The Central Bank of Brunei Darussalam released the Business Sentiment Index for October 2025, showing modest optimism with a Current Business Conditions sub-index of 50.4, while the one-month-ahead index declined to 49.9. Improved conditions were driven by higher sales, new projects, and sector-specific growth, offset by slowing demand and competition. Investment expectations remain positive, but employment and cost indices indicate slight declines and stabilizing costs.
The South African Reserve Bank reported a 0.4% increase in the composite leading indicator for October 2025, with gains in export commodity prices and business confidence. The coincident indicator rose by 0.1% in September, driven by industrial production and employment, while the lagging indicator increased by 0.8%. The indicators are subject to continuous revision.
The Monetary Authority of Singapore has released a consultation paper proposing updates to its Guidelines on Liquidity Risk Management Practices for Fund Management Companies. The updates aim to clarify expectations on managing liquidity risk and related disclosures in investment management.
The National Bank of Serbia reported the IMF Executive Board's successful completion of the second review of Serbia’s economic programme under the Policy Coordination Instrument (PCI), highlighting structural reforms, prudent macroeconomic policies, and strong reserve buffers. The IMF noted Serbia's high foreign exchange reserves, a resilient banking sector, and projected GDP growth of 2% in 2025, with inflation below the National Bank's 3% target. Approved in December 2024 for 36 months, the PCI is advisory and reviewed semi-annually.
The Philippine Securities and Exchange Commission has released a draft memorandum for public comment, proposing a cyber resilience framework for capital market entities. It mandates governance, incident response, and disclosure of material cyber incidents, requiring a board-approved strategy, defined risk tolerance, and a Computer Emergency Response Team. Entities must report material cyber incidents to the Commission within five days and conduct biennial cybersecurity audits.
The Andorran Financial Authority has issued Decree 456/2025 amending International Financial Reporting Standards as adopted in the European Union (IFRS-EU) and updating the 2016 decree establishing the IFRS-Andorra accounting framework. The changes apply to operating entities in the Andorran financial system and Andorran and foreign collective investment undertakings and other investment products.
The Central Bank of the Republic of Kosovo reported on a meeting between Governor Ahmet Ismaili and representatives from the Austrian, German, and Swiss embassies, focusing on financial sector developments and reforms, particularly the Green Card system. Discussions highlighted progress in legal frameworks and European integration efforts. Governor Ismaili expressed gratitude for the support in enhancing Kosovo's financial system integrity and alignment with EU standards.
The Guernsey Financial Services Commission issued a sanctions notice on updates to the UK Iran (Nuclear) regime, including removals and amendments, while maintaining asset-freeze measures under other regimes. Mohammad Ali Jafari has been removed from the UK Iran (Nuclear) regime but remains under an asset freeze, and the ISLAMIC REVOLUTIONARY GUARD CORPS QODS FORCE has been amended. Firms must identify relationships with designated entities and report findings to the States of Guernsey Policy & Resources Committee and the Commission.
The European Central Bank's Governing Council has proposed extending Frank Elderson's term as Vice-Chair of the ECB’s Supervisory Board until the end of his mandate as an ECB Executive Board member. This extension requires European Parliament approval and compliance with ECB Rules of Procedure. Following the parliamentary vote, the Council of the European Union is expected to formalize the decision.
The Guernsey Financial Services Commission announced the removal of four entries from the UK Syria sanctions regime, which remain subject to asset freezes under other UK regimes in Guernsey. The entities include Mohammad Ali Jafari, Hossein Taeb, the Islamic Revolutionary Guard Corps Qods Force, and the Scientific Studies and Research Centre. Businesses must verify relationships with these entities, freeze assets, report to the States of Guernsey Policy & Resources Committee, and comply with reporting obligations to the Commission.
The Brazil Securities Commission (CVM) approved a technical cooperation agreement with the Federal Accounting Council (CFC) for reciprocal sharing of restricted information, particularly about independent auditors. This aims to overcome confidentiality barriers and reaffirms joint initiatives under the Continuing Professional Education and External Quality Review Programs. The agreement is valid for 10 years and may be extended.
The Brazil Securities Commission (CVM) accepted settlement proposals totaling BRL 1.105 million to resolve proceedings against investor relations directors for not promptly disclosing material facts. Leonardo George de Magalhães of Companhia Energética de Minas Gerais will pay BRL 705,000, and André Covre of Diagnósticos da América S.A. will pay BRL 400,000. The CVM Board approved the settlements following recommendations from the Settlement Committee and the Office of the Federal Prosecutor.
The Brazil Securities Commission (CVM) concluded four administrative proceedings, fining Sebastian Kunert BRL 255,000 for unauthorized securities portfolio management, while dismissing charges in three other cases. KPMG and its partner were acquitted of audit irregularities, as were ICLA Consultoria S.A. and others in a private equity fund case, despite a dissenting vote. BDO RCS Auditores Independentes SS and its partner were also acquitted in an audit report case, with a preliminary challenge rejected.
The Seychelles Financial Services Authority has revoked the accreditation of Mr. Panagiotis Petropoulos as the Securities Dealer Representative of Nexify Capital Limited, effective 17 December 2025, under section 4(1)(m) of the Financial Services Authority Act, 2013.
The Seychelles Financial Services Authority (FSA) issued a warning that the website https://drwinxgolballtdopt.cc is not associated with any licensed or regulated entity. The FSA advised investors and the public to thoroughly research entities before engaging in financial transactions or sharing personal information.
The Reserve Bank of Fiji and the Asian Development Bank concluded the pilot phase of the Women Entrepreneurs WE Finance Initiative Code, reporting progress in reducing the gender gap in financial access and supporting women-led enterprises. Signatories committed to enhancing data systems, developing tailored products, and expanding outreach, with a milestone being the Fiji government's approval of a new definition for women-owned micro, small, and medium enterprises (MSMEs).
The International Swaps and Derivatives Association (ISDA) outlined its 2026 priorities for modernizing over-the-counter derivatives markets, focusing on capital rules, US Treasury clearing, trade reporting, and tokenization-related collateral management. Key initiatives include analyzing US Basel III proposals, responding to the European Commission's trading book consultation, addressing US Treasury clearing pressures, engaging with regulatory reporting consultations, and exploring tokenization to expand collateral eligibility.
The Vietnam State Securities Commission has released a draft circular for public comment, proposing amendments to enhance foreign investors' access to the Vietnamese securities market. Key changes include a new order-routing model via overseas brokers, adjustments to the NPF mechanism, and revised disclosure obligations. The draft also outlines updated trading methods and settlement requirements for foreign investors.
The Vietnam State Securities Commission issued Notice No. 159/TB-UBCK mandating individuals listed in an attached schedule to pay a VND 1,000,000 licence fee for a securities practising certificate, as per Ministry of Finance Circular No. 25/2022/TT-BTC. Payment can be made via bank transfer or in person, with specific instructions on details required. Failure to collect the certificate within one year will result in cancellation.
The Vietnam State Securities Commission has mandated individuals listed in an annex to pay a fee of VND 1,000,000 for the issuance of securities practising certificates, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payments can be made via bank transfer to specified accounts or directly at the Commission. Failure to collect the certificate within one year of the fee payment notice will result in cancellation.
The Vietnam State Securities Commission has instructed individuals listed in an attached schedule to pay a VND 1,000,000 licensing fee to complete the securities practice certificate process, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the Commission. Failure to complete the procedures within one year will result in the cancellation of the granted certificate.
The U.S. House Committee on Financial Services reported 20 bills to the House and reauthorized the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity through July 22, 2026. The package addresses banking supervision, bank merger review, regulator transparency, housing, flood insurance, and capital formation. Key measures include studies on rural depository institutions, adjustments to asset thresholds for banks, and enhanced reporting requirements for federal banking agencies.
The U.S. House Committee on Financial Services advanced the bipartisan Housing for the 21st Century Act to boost housing supply and affordability by updating federal programs and removing regulatory barriers. Key reforms include streamlining reviews, modernizing environmental standards, and enhancing coordination between HUD and USDA. The bill also proposes adjustments to FHA loan limits and clarifies HUD's role in manufactured housing.
The Vietnam State Securities Commission announced a fee of VND 1,000,000 for the issuance of securities practising certificates, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the Commission. Certificates not claimed within one year will be cancelled.
FINTRAC provided crucial financial intelligence for Project CHICKADEE, aiding in dismantling an auto theft ring exporting stolen vehicles. Led by the Canada Border Services Agency and Ontario Provincial Police, the operation recovered 306 vehicles worth CAD 25 million, resulting in 20 arrests and 134 charges. Seizures included firearms, vehicle documentation, and cash, with ongoing investigations into proceeds-of-crime offences.
The Thailand Securities and Exchange Commission has extended the deadline for NR Instant Produce Public Company Limited to submit and disclose rectified interim financial statements for Q1 and Q2 2025 to 26 December 2025. The extension follows NRF's request for additional time to address inventory count differences at its subsidiary and complete auditor reviews.
The National Bank of the Kyrgyz Republic suspended the licence of Dirham KTK exchange bureau in Bishkek for violations of national legislation and regulatory requirements. The suspension is effective from 17 to 31 December 2025.
The National Bank of the Kyrgyz Republic has amended the 2020 Board resolution on the Regulation of the Special Regulatory Regime. The updated resolution is available on the bank's website under the banking legislation section.
Sweden's Financial Supervisory Authority (Finansinspektionen) has repealed rules mandating quarterly statistics submissions by certain securities firms, citing limited need for standalone reporting. The information is now accessible through other regulatory reporting. The repeal, enacted via FFFS 2025:13, is effective from 1 January 2026.
The Swedish Financial Supervisory Authority has amended its rules on reporting quarterly and annual financial statement data, updating the reporting template and instructions. Changes are driven by the update of Sweden’s industry classification standard from SNI 2007 to SNI 2025, affecting the “Standard report” template and instructions. The amendments, effective from 1 January 2026, apply to reporting with a balance sheet date of 31 March 2026.
The Financial and Consumer Services Commission of New Brunswick issued a warning that 3Red Groups Limited is not registered to deal or advise in securities or derivatives in New Brunswick. The firm claims to be based in London, UK. Investors are advised to avoid unregistered firms and verify registration status using the National Registration Search tool.
The Federal Reserve Board has withdrawn its 2023 policy statement and issued a new one to facilitate responsible innovation among Board-supervised banks. The updated policy allows both insured and uninsured state member banks to engage in certain innovative activities, reflecting changes in the financial system and the Board's evolving understanding of innovative products and services.
The Canadian Investment Regulatory Organization (CIRO) is reviewing its policy framework to identify barriers to online investment advice, including hybrid and automated models, aiming to enhance access to affordable, tailored advice. Firms currently rely on exemptive relief due to the lack of a dedicated framework for these models. The review will assess the need for further policy development and consider technology-augmented approaches under CIRO’s “Access to Advice” strategic pillar.
The Egypt Financial Regulatory Authority approved six companies for non-banking financial activities, including real estate investment funds, factoring, investment fund management, and mortgage finance. Approved entities include Awaed Real Estate Investment Fund, Thunder Fund, Nawy Shares Fund, BFI Cash, Okaz Asset Management, and EFG Financial Solutions. The committee operates under FRA Chairman’s Decision No. 3060 of 2023.
The Egypt Financial Regulatory Authority highlighted chair Mohamed Farid's remarks at the Al Baraka Regional Forum, emphasizing weak domestic saving as a key factor in rising sovereign debt. Farid discussed the Authority's legislative overhaul supporting sukuk issuance and takaful insurance, noting increased sustainable finance issuance, including sustainability bonds and sukuk. He reported growth in real estate funds and digital platforms, with sukuk issuance reaching EGP 33.5bn after regulatory updates.
The SEC's Division of Trading and Markets clarified Rule 15c3-3 for broker-dealers custodying crypto asset securities, allowing "physical possession" under specific conditions. The statement emphasizes policies to protect private keys but doesn't address "control," previously covered in an FAQ. Commissioner Hester M. Peirce urged proposing amendments to Rule 15c3-3 for crypto asset custody.
The U.S. SEC's Division of Trading and Markets clarified that broker-dealers can have "physical possession" of crypto asset securities under specific conditions. This non-objection stance includes safeguards like asset access, written policies on distributed ledger technology, and private key protection. The statement is an interim measure as the Commission evaluates broader custody issues and feedback.
The SEC’s Division of Trading and Markets released FAQs on trading and settlement for exchanges and alternative trading systems in crypto. Commissioner Hester M. Peirce emphasized their role as guidance for regulated platforms and requested information to assist the SEC Crypto Task Force in evaluating market structure changes. Topics include Regulation NMS and ATS impacts, disclosure requirements, and regulatory forms' applicability to crypto trading systems.
The Office of the Comptroller of the Currency (OCC) filed an amicus brief with the U.S. Court of Appeals for the Tenth Circuit in National Association of Industrial Bankers v. Weiser, arguing that the decision undermines the federal interest rate framework and disadvantages state banks. Comptroller Jonathan V. Gould emphasized the decision's inconsistency with Congress's intent for competitive equality between state and national banks. The OCC supports the dual banking system and the Federal Deposit Insurance Corporation's related amicus filing.
The Office of the Comptroller of the Currency (OCC) proposed guidance to simplify the strategic plan process for community banks under the Community Reinvestment Act (CRA). The proposal aims to reduce regulatory burden by clarifying plan requirements and streamlining submission for OCC approval, allowing banks to tailor CRA examinations to local needs and their strategies. This initiative is part of broader reforms to reduce community bank burdens.
The European Central Bank Banking Supervision's Q3 2025 statistics show stable capital and asset quality but slightly weaker profitability and liquidity among significant institutions. The Common Equity Tier 1 (CET1) ratio decreased marginally to 16.10%, and the liquidity coverage ratio fell to 156.73%. Non-performing loans remained steady at 2.22%, with sector-specific NPL ratios varying, and total loans and advances increased by EUR 30.95 billion.