Back to tracker

Article archive

Showing 26,501–26,600 of 51,483 updates · Page 266 of 515

  • 2025-12-17EuropeEuropean Central Bank - Banking Supervision

    European Central Bank proposes to extend Frank Elderson’s term as Supervisory Board Vice-Chair to the end of his Executive Board mandate

    The European Central Bank Governing Council has proposed extending Frank Elderson's term as Vice-Chair of the ECB Supervisory Board until the end of his mandate as an Executive Board member. The extension requires approval from the European Parliament and a subsequent Council of the EU implementing decision. Elderson will appear before the European Parliament's Committee on Economic and Monetary Affairs for a hearing.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-17NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway recalculates and republishes January 2026 base rates after data error

    The Financial Supervisory Authority of Norway has recalculated and republished the base rates for January 2026 due to errors in the underlying data. These rates, set by assignment from the Ministry of Finance, are based on market interest rate conditions for residential mortgage loans as outlined in the Tax Act regulations.

    Policy & regulationImplementation, projects & pilotsMonetary data
  • 2025-12-17NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway imposes NOK 125,000 penalty on Lucerne Capital Management for late 5% shareholding disclosures in Agilyx ASA

    Norway's Financial Supervisory Authority fined Lucerne Capital Management LP NOK 125,000 for breaching major shareholding disclosure rules. Lucerne failed to promptly notify Oslo Børs after crossing the 5% threshold in Agilyx ASA, due to inadequate internal oversight. Finanstilsynet stressed the need for immediate disclosures and robust compliance systems.

    EnforcementInvestigations & enforcement actionsDisclosures
  • 2025-12-17MyanmarCentral Bank of Myanmar

    Central Bank of Myanmar warns the public about counterfeit banknotes and reiterates criminal penalties

    The Central Bank of Myanmar warned about counterfeit banknotes, often made on A4 sheets with high-quality photocopiers, distinguishable by a shiny finish and lack of raised printing. It reminded the public that using counterfeit notes is illegal under the Central Bank of Myanmar Act, with penalties including fines and imprisonment, and stated it is working with law enforcement agencies.

    SupervisionAlertsFraud and scams
  • 2025-12-17United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren seeks National Mortgage Settlement records amid reports of zombie second mortgages

    Senator Elizabeth Warren has requested records from the independent monitor of the 2012 National Mortgage Settlement about second mortgages allegedly extinguished under the settlement, amid reports of debt collectors foreclosing on these "zombie" mortgages. Concerns arise that banks, including Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial, may have received settlement credit for forgiving over USD 15 billion in second mortgages while potentially selling these loans to debt collectors.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-12-17United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren welcomes D.C. Circuit agreement to hear CFPB case en banc

    The U.S. Senate Committee on Banking, Housing and Urban Affairs' Ranking Member, Senator Elizabeth Warren, commented on the D.C. Circuit's decision to review en banc a case against the Trump Administration's attempt to close the Consumer Financial Protection Bureau, emphasizing the agency's role in returning over USD 21 billion to consumers and the importance of legal adherence to protect families.

    OtherConsumer and investor protection
  • 2025-12-17ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission issues sweeping simplification of issuers’ public offering regime reducing rules by around 20%

    The Argentina Securities Commission (CNV) issued General Resolution No. 1095, reforming the public offering regime to streamline processes and reduce regulatory burdens for issuers. The reform simplifies Title II of the issuer framework, excluding Chapters III and IV, and removes eight regimes, 15 annexes, and five professional reports, while introducing over 15 new provisions. This initiative is part of CNV's broader deregulation agenda, complementing previous resolutions RG 1073 and RG 1076.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-12-17AustraliaAustralian Competition and Consumer Commission

    Australian Competition and Consumer Commission accepts Equifax undertaking to stop new exclusivity deals restricting access to payroll and superannuation data

    The Australian Competition and Consumer Commission accepted a court-enforceable undertaking from Equifax Australasia Workforce Solutions Pty Ltd to stop agreements restricting competitors' access to electronic payroll and superannuation data for income verification services. This follows concerns over anti-competitive practices in a 2021 agreement with SuperChoice Services. Equifax has amended the agreement to remove exclusivity and revenue-sharing provisions and informed data holders they can supply data to competitors.

    EnforcementInvestigations & enforcement actionsCompetition and market structure
  • 2025-12-17IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India approves new stock broker and mutual fund regulations and eases IPO, debt and listing requirements

    SEBI approved regulatory changes, replacing the 1992 stock broker framework with the Securities and Exchange Board of India (Stock Brokers) Regulations, 2025, and revising the mutual fund regime through the Securities and Exchange Board of India (Mutual Funds) Regulations, 2026. Updates include reorganizing stock broker regulations, revising mutual fund expenses, and amending IPO and corporate bond issuance processes. Additional changes involve lock-ins for pledged shares, incentivizing certain investors in public debt issues, and raising the High Value Debt Listed Entity threshold to INR 5,000 crore.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-12-17United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs chairman cites FY26 NDAA passage adding CFIUS land purchase review upgrades and FIGHT China outbound investment guardrails

    The U.S. Senate Committee on Banking, Housing and Urban Affairs announced the inclusion of national security provisions in the Fiscal Year 2026 National Defense Authorization Act, passed by the Senate. Key measures include the Protect Our Bases Act, enhancing CFIUS reviews of foreign land purchases near sensitive sites, and the FIGHT China Act, authorizing the Treasury to regulate U.S. investments in sensitive technologies in China.

    Policy & regulationRules & requirementsOther
  • 2025-12-17VietnamState Bank of Vietnam

    State Bank of Vietnam chairs IBEC Council meeting approving updates to the bank’s founding documents and 2026 budget

    Deputy Governor Nguyen Ngoc Canh chaired an IBEC Council meeting to review performance and set priorities, including updating founding documents and approving the 2026 budget. Member countries praised IBEC's resilience amid global challenges, noting its stable "A" rating from ACRA and "AAA" rating from Chengxin. The Council endorsed IT development and approved customer credit decisions, with Vietnam reaffirming its support as a founding member.

    Institutional developmentGovernanceOther
  • 2025-12-17VietnamState Bank of Vietnam

    State Bank of Vietnam Deputy Governor urges Co-opBank to streamline operations and accelerate digital transformation

    State Bank of Vietnam Deputy Governor Pham Tien Dung praised the Vietnam Cooperative Bank's trade union for its 2020–2025 performance and endorsed its modernization and digital transformation priorities for 2025–2030, emphasizing their importance for the People’s Credit Fund system's stability. Co-opBank reported a 9.13% increase in total operating capital and a 21.18% rise in lending as of November 2025, with expanded digital services via the CFeBank e-banking system.

    Institutional developmentMandate & organizational structureOther
  • 2025-12-17VietnamState Bank of Vietnam

    State Bank of Vietnam Party Committee reviews 2025 performance and drafts 2026 banking-sector priorities

    The State Bank of Vietnam’s Party Committee, led by Governor Nguyen Thi Hong, held its annual review conference for 2025, discussing draft reports and a resolution to set 2026 banking sector priorities. Key focus areas include effective monetary policy management, inflation control, exchange rate stabilization, and digital transformation. Feedback from the conference will inform the Standing Board’s resolution to guide leadership in 2026.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-12-17Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury confirms automatic amendments to Central African Republic sanctions from 6 January 2026 aligning with UN resolutions and lifting the government arms embargo

    The Isle of Man Treasury announced amendments to the UK’s Central African Republic (Sanctions) (EU Exit) Regulations 2020, effective 6 January 2026, to align with UN obligations. These changes lift the arms embargo against the Central African Republic's government while maintaining restrictions on armed groups. Firms are advised to review the amendments to ensure compliance, as non-compliance with sanctions legislation is a criminal offence.

    Policy & regulationRules & requirementsSanctions list update
  • 2025-12-17EuropeEuropean Insurance and Occupational Pensions Authority

    European Parliament confirms Damian Jaworski as European Insurance and Occupational Pensions Authority Executive Director

    The European Parliament has confirmed Damian Jaworski as the next Executive Director of the European Insurance and Occupational Pensions Authority (EIOPA), starting his five-year term on 1 April 2026. Jaworski, currently Director of the International Cooperation Department at Poland’s Financial Supervision Authority, will succeed Fausto Parente. EIOPA will now complete administrative steps to formalise the appointment.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-17EuropeSingle Resolution Board

    Single Resolution Board confirms new Appeal Panel members from 1 January 2026 as current mandates end

    The Single Resolution Board's Appeal Panel will undergo a change in composition, with new members starting a five-year term on 1 January 2026. The incoming members are Emilia Dimitrova, Gerard Gardella, Malgorzata Iwanicz-Drozdowska, Myrte Meijer Timmerman Thijssen, and Michele Siri. The panel, which reviews appeals against certain SRB decisions, will appoint a new Chair and Vice-Chair at their inaugural meeting.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-17MoldovaNational Bank of Moldova

    National Bank of Moldova cites IMF Article IV findings on stronger supervision and calls to deepen risk-based oversight and emergency liquidity support

    The National Bank of Moldova reported on the IMF's Article IV mission, highlighting progress in financial-sector supervision and crisis management. The IMF and World Bank's Financial Sector Assessment Program found Moldova's banking system well-capitalized and liquid, due to a decade of structural reforms. Recommendations include enhancing risk-based supervision, identifying operational risks, and developing the emergency liquidity assistance framework.

    Policy & regulationPeer reviews and country evaluationsSupervision process and methodologiesFinancial stability and systemic risk
  • 2025-12-16BulgariaBulgaria Financial Supervision Commission

    Bulgaria Financial Supervision Commission approves Ring Estates bond prospectus, Sopharma warrant IPOs and euro-transition rule changes for Central Depository

    The Bulgaria Financial Supervision Commission approved authorisation and supervisory decisions, including a prospectus for Ring Estates Company EAD’s bond issue and three prospectuses for Sopharma AD’s warrant offerings. Governance and market-infrastructure measures were also cleared, including amendments to Central Depository AD’s rules for Bulgaria’s euro transition. Additional approvals included management board appointments, budget approvals, and mutual fund offering notifications.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-12-16New ZealandReserve Bank of New Zealand

    Reserve Bank of New Zealand modernises capital rules and eases common equity requirements by around $5 billion

    The Reserve Bank of New Zealand announced modernized prudential capital rules, reducing system-wide common equity requirements by approximately NZD 5 billion and aligning capital instruments with Australian settings. Implementation begins in early 2026, with full adoption by 2028 under the new Deposit Takers Act, and further refinements and supporting materials will be published.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-12-16ChileMinistry of Finance (Chile)

    Chile's Ministry of Finance announces Senate approval of Kevin Cowan to replace Stephany Griffith Jones on the Central Bank of Chile Board

    Chile's Ministry of Finance announced Senate approval of Kevin Cowan as a new board member of the Central Bank of Chile, replacing Stephany Griffith Jones. Finance Minister Nicolás Grau emphasized Cowan's technical expertise and financial-sector credentials. Cowan's appointment follows the tradition of maintaining economic policy knowledge in central bank decision-making.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-16ColombiaCentral Bank of Colombia

    Central Bank of Colombia amends foreign exchange procedures including new rules for external credit substitutions and worker remittance dispersion accounts

    The Central Bank of Colombia amended External Regulatory Circular DCIP-83, updating procedures for foreign exchange operations, including credit substitutions and remittance accounts. Key changes involve new provisions for credit substitutions in different currencies, an exclusive-use account category for remittances, and new transaction codes. These amendments apply to foreign exchange market intermediaries and entities involved in international investments.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2025-12-16AfricaGABAC

    Action Group against Money Laundering in Central Africa launches typologies study on ML TF PF risks from environmental crime and illicit precious stones and metals trafficking

    The Action Group against Money Laundering in Central Africa (GABAC) initiated a typologies study on money laundering, terrorist financing, and proliferation financing risks linked to environmental crime and illicit trafficking of precious stones and metals in Central Africa during a seminar in Chad. The event gathered experts and officials to discuss offences, risks, and reform options, and to develop a data set and research approach for the study.

    ResearchAML and CFT
  • 2025-12-16IsraelBank of Israel

    Bank of Israel reports Israel’s net international investment position widened in Q3 2025 as overseas assets grew faster than liabilities

    The Bank of Israel reported a larger net surplus in Israel's International Investment Position for Q3 2025, with residents' foreign assets increasing by USD 33 billion to USD 885 billion, surpassing the USD 16 billion rise in liabilities to USD 625 billion. This resulted in a USD 16 billion increase in the surplus of assets over liabilities to USD 260 billion, while gross external debt as a share of GDP decreased to 27.2 percent.

    Data & statisticsBalance of payments and other external statistics
  • 2025-12-16EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority maintains EMIR recognition of UK CCPs LCH Limited and LME Clear Limited through 30 June 2028

    The European Securities and Markets Authority (ESMA) will maintain the recognition of LCH Limited and LME Clear Limited, UK-based central counterparties, under the European Market Infrastructure Regulation (EMIR) until 30 June 2028. LCH Limited remains a Tier 2 CCP, while LME Clear Limited is confirmed as Tier 1. ICE Clear Europe Limited was not included in this review, having been assessed in 2023.

    Policy & regulationRules & requirementsCCPs
  • 2025-12-16ItalyItalian Securities Commission (Consob)

    Italian Securities Commission publishes statistical bulletin showing double digit profit growth for Milan listed banks in H1 2025

    The Italian Securities Commission (Consob) released its Statistical Bulletin for the first half of 2025, highlighting double-digit profit growth for banks and rising profits for insurers, while non-financial corporates saw weaker net results. Banks reported EUR 16.7bn in profits, up 11.9%, with insurers' profits increasing by 5.9% to EUR 3bn. SMEs on Euronext Growth Milan achieved an 8.4% profit rise to EUR 178m, driven by strong turnover growth.

    Data & statisticsActivity and performance reporting
  • 2025-12-16EuropeEuropean Financial Reporting Advisory Group

    European Financial Reporting Advisory Group publishes VSME market acceptance survey report on voluntary sustainability reporting for SMEs

    EFRAG's progress report on its VSME Market Acceptance Survey shows growing awareness and positive acceptance of the Voluntary Sustainability Reporting Standard for SMEs. Benefits include improved access to finance and strategic advantages, while challenges involve limited training and unclear methodologies. EFRAG plans further guidance and digital tool development, with a second survey and potential voluntary standard by the European Commission in 2026.

    Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
  • 2025-12-16AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission updates conflicts of interest guidance for AFS licensees in revised Regulatory Guide 181

    ASIC has revised Regulatory Guide 181 to improve conflict of interest management for Australian financial services licensees. The updated guidance aligns with legal developments, incorporates regulatory insights, and offers practical conflict management steps. Replacing the 2004 guidance, it follows public consultation and supports ASIC's regulatory maintenance agenda.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-12-16AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission bans Sydney mortgage broker Thi Hoa Trieu for 10 years and cancels her Australian credit licence

    The Australian Securities & Investments Commission (ASIC) has banned Sydney-based mortgage broker Thi Hoa Trieu from credit activities for 10 years and cancelled her Australian credit licence, effective 8 December 2025. ASIC found she made false or misleading statements in compliance certificates and failed to maintain proper records, pay industry levies on time, and comply with conduct obligations. Ms Trieu can seek a review by the Administrative Tribunal.

    EnforcementInvestigations & enforcement actionsFitness and propriety
  • 2025-12-16IndonesiaOJK

    Indonesia's Financial Services Authority receives Arkaya Wiwarta Prajanugraha as National Best Public Body 2025 for information openness

    Indonesia's Financial Services Authority (OJK) was named National Best Public Body 2025 in the Public Information Openness Awards and received the Arkaya Wiwarta Prajanugraha award. OJK also secured second place in the state institutions and non-ministerial government agencies category with a score of 98.70. The authority's transparency efforts include enhanced PPID governance, a new mobile app, and improved accessibility features on its website.

    Other
  • 2025-12-16MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission confirms termination of Mr Raveen Sewchand Ramlakan’s unrestricted investment adviser representative licence effective 28 November 2025

    The Mauritius Financial Services Commission announced that AfrAsia Bank Limited has surrendered the Representative of Investment Adviser (Unrestricted) licence held by Mr. Raveen Sewchand Ramlakan. The licence termination, effective from 28 November 2025, complies with sections 28(5) and 28(9) of the Financial Services Act.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-12-16UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves new self-regulatory organisation framework and restricts dealings in Southern Mining and Processing Plant securities

    The Ukraine National Commission on Securities and Stock Market adopted rules on self-regulatory organizations, licensing amendments, and disclosure procedures for managers' transactions. It approved its 2026 rule-making plan, amended the 2025 plan, and addressed registration and licensing matters, including significant participations and corporate bond issuances. The Commission also prohibited certain securities transactions and changes to the depository accounting system for JSC Southern Mining and Processing Plant.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-12-16Sint Maarten & CuracaoCentral Bank of Sint Maarten & Curacao

    Central Bank of Curaçao and Sint Maarten warns of US-Venezuela shock risks and urges fiscal and structural reforms to bolster resilience

    The Central Bank of Curaçao and Sint Maarten, in its December 2025 Economic Bulletin, reports strong tourism-led growth in 2025 and positive prospects for both economies, while underscoring high vulnerability to external shocks, commodity price volatility and climate-related disruptions, amplified by rising United States–Venezuela tensions. It details potential transmission channels from escalating regional tensions and calls for stronger fiscal frameworks and buffers, better execution of multi-annual public investment, long-term sustainability of health care and social insurance systems, and diversification of regional trade links, including a partial scope trade agreement between Curaçao and Trinidad and Tobago.

    Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
  • 2025-12-16United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation issues interim final rule lowering the final 2026 systemic risk special assessment and adding overcollection offsets

    The Federal Deposit Insurance Corporation (FDIC) issued an interim final rule amending the special assessment on banks to align collections with a revised loss estimate of USD 16.7 billion from the 2023 systemic risk exception. The rule adjusts the final quarterly collection in early 2026 and includes provisions for offsets or additional charges based on the outcome of SVB Financial Trust litigation and the termination of receiverships.

    Policy & regulationRules & requirementsFinancial stability and systemic risk
  • 2025-12-16United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation to vote on 2026 operating budget cutting USD 487 million and reducing authorized staffing by nearly 20%

    The Federal Deposit Insurance Corporation proposed a 2026 operating budget with a USD 487 million reduction from 2025, driven by a nearly 20% staffing cut and efficiency measures, pending board approval. Cost savings include canceling non-mission-critical contracts and travel, following a review of the agency's structure.

    Institutional developmentWorkforce & recruitmentOperational excellence
  • 2025-12-16United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation proposes GENIUS Act application procedures for FDIC-supervised institutions issuing payment stablecoins through subsidiaries

    The FDIC Board proposed a rule for FDIC-supervised insured depository institutions to apply for issuing payment stablecoins through a subsidiary under the GENIUS Act, focusing on safety, soundness, and minimizing regulatory burden. This marks the FDIC's initial step in implementing the GENIUS Act, with future proposals expected on capital, liquidity, and risk management for approved subsidiaries.

    Policy & regulationRules & requirementsStablecoins
  • 2025-12-16UruguayCentral Bank of Uruguay

    Central Bank of Uruguay president presents on monetary policy in a fragmenting global economy at Grand Continent Summit and RIDGE Financial Stability Forum

    Uruguay's Central Bank president, Guillermo Tolosa, addressed monetary policy challenges at international forums. At the Grand Continent Summit, he highlighted a new global regime prioritizing security and discretion, and discussed opportunities like a potential Mercosur–EU agreement and Latin America's role in the green transition. The Financial Stability Forum featured discussions on global stability, with Silvana Tenreyro emphasizing the dollar's impact and trade fragmentation on monetary policy.

    Monetary policyMonetary policy assessments & outlooksCross-border cooperationMonetary policy decisions and developments
  • 2025-12-16IndonesiaOJK

    Indonesia's Financial Services Authority launches insurance support program to strengthen the online lending ecosystem

    Indonesia's Financial Services Authority (OJK) has launched a voluntary insurance support program to enhance the ecosystem and mitigate risks in technology-based joint funding services (LPBBTI), known as online lending (Pindar), by promoting credit insurance. The program includes regulatory measures, premium charges to risk-bearing parties, risk-sharing arrangements, and comprehensive risk assessments. Initially targeting institutional lenders, it aims to expand coverage to all lenders, including retail.

    Policy & regulationImplementation, projects & pilotsLendingPrudential risks
  • 2025-12-16GeorgiaNational Bank of Georgia

    National Bank of Georgia concludes IMF mission meeting with IMF endorsing prudent monetary policy and positive reserve dynamics

    The National Bank of Georgia and the Minister of Finance concluded a meeting with the International Monetary Fund (IMF) mission, discussing monetary and fiscal policy, economic conditions, and outlook. The IMF assessed the monetary policy as prudent, attributing above-target inflation to transitory factors, and noted positive international reserve dynamics and a robust financial sector.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2025-12-16MonacoMinistry of Finance & Economy (Monaco)

    Monaco Ministry of Finance and Economy reviews anti money laundering strategy progress after FATF adopts first two grey list progress reports

    The Monaco Ministry of Finance and Economy reported on meetings of the Coordination and Monitoring Committee’s first and second Colleges reviewing implementation of the national strategy against money laundering, terrorist financing, proliferation of weapons of mass destruction and corruption. The update notes FATF adoption of Monaco’s first two post-grey listing progress reports, review of a third report and next steps in the FATF ICRG process, as well as preparations for the forthcoming MONEYVAL evaluation and discussion of the third national risk assessment and private sector feedback.

    Policy & regulationImplementation, projects & pilotsAML and CFT
  • 2025-12-16ChinaCentral Bank of the Republic of China

    People's Bank of China to issue 2026 New Year commemorative coins and a CNY 20 polymer banknote from 22 December 2025

    The People's Bank of China will issue a 2026 New Year commemorative currency program starting 22 December 2025, including a bimetallic copper-alloy coin, a CNY 20 polymer banknote, and gold and silver coins, all as legal tender. The bimetallic coin and banknote will circulate at par with existing renminbi, featuring horse-themed designs and anti-counterfeiting measures. Precious-metal coins will be minted by Shenzhen Guobao Mint and distributed by China Gold Coin.

    Monetary policyOther
  • 2025-12-16EuropeEuropean Banking Authority

    European Banking Authority publishes final draft RTS setting EUR 3.75 billion to EUR 6.25 billion and 1.5% to 2.5% thresholds for CSD cash settlement via credit institutions

    The European Banking Authority has published final draft Regulatory Technical Standards setting activity thresholds for non-banking central securities depositories using banking central securities depositories or credit institutions for cash settlement without additional authorisation. The standards establish thresholds of EUR 3.75 billion and 1.5% to EUR 6.25 billion and 2.5% of annual settlement volume, with dynamic adjustments based on risk profiles. These standards are mandated under Article 54(9) of Regulation (EU) No 909/2014 and have been submitted to the European Commission.

    Policy & regulationRules & requirementsMarket infrastructure
  • 2025-12-16DenmarkDanish Finanstilsynet

    Danish Financial Supervisory Authority shifts board approved financial and audit document filings to a virk.dk digital form from financial year 2026

    The Danish Financial Supervisory Authority has launched a new digital submission channel on virk.dk for board-approved annual reports, effective from the financial year 2026. This affects all financial-sector firms, except those with transferable securities on regulated EU or EEA markets, which must continue using the OAM system. Submission deadlines remain unchanged, and the Authority will not publish the filed documents.

    SupervisionRegulatory reporting
  • 2025-12-16UkraineNational Bank of Ukraine

    National Bank of Ukraine revamps the Visnyk as a unified working and occasional paper research series

    The National Bank of Ukraine has transformed its Visnyk into a series of publications to consolidate its research output. The new format includes Working Papers for early-stage research and Occasional Papers for concise analytical reports, all open-access and peer-reviewed. External submissions aligned with the NBU's priorities are welcomed, with authors retaining copyright.

    ResearchOther
  • 2025-12-16LuxembourgLuxembourg Commission de Surveillance du Secteur Financier

    Luxembourg Commission de Surveillance du Secteur Financier revamps UCI administrator annual reporting and amends Circular CSSF 22/811 effective 31 December 2025

    The Luxembourg Commission de Surveillance du Secteur Financier issued Circular CSSF 25/900, updating the annual reporting framework for undertakings for collective investment administrators (UCIAs) effective 31 December 2025. The revised framework introduces a self-assessment questionnaire, reduces reporting requirements, and integrates UCIA reporting into existing reports for certain financial entities. The Circular aligns with the Digital Operational Resilience Act, with further guidance to be provided on the CSSF website.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-12-16United KingdomFinancial Conduct Authority

    Financial Conduct Authority publishes engagement paper on new approaches to market risk capital requirements for FCA investment firms

    The Financial Conduct Authority (FCA) is reviewing market risk capital requirements for FCA investment firms, focusing on alternative approaches for specialised trading firms under the Investment Firms Prudential Regime (IFPR). It targets solo-regulated firms dealing in MiFID financial instruments, examining MIFIDPRU trading book provisions and market risk factors like K-NPR and K-CMG. Options include amending the standardised approach, margin-based expansions, and structural alternatives like a net capital rule and sensitivities-based methods.

    Policy & regulationReform agendas & prioritiesPrudential risksMarket risk and volatility
  • 2025-12-16PortugalPortuguese Insurance Regulator (ASF)

    Portuguese Insurance Regulator to hold January 2026 conference on incentives for long-term saving

    The Portuguese Insurance Regulator (ASF) will host a conference in Lisbon on 12 January 2026, titled “Saving with purpose: your future, our progress,” focusing on long-term saving mechanisms. Key figures, including the European Commissioner for Financial Services and Portugal’s Minister of State and Finance, will address the event, aiming to identify public policies and international practices to enhance Portuguese savers' financial resilience. This aligns with ASF's 2026–2028 strategic plan to boost social resilience and citizen protection.

    Policy & regulationCooperationFinancial literacy and education
  • 2025-12-16LaosBank of the Lao

    Bank of the Lao reports Securities Management Committee endorsement of the 2026 work plan focusing on green bonds IFRS and a derivatives market study

    The Bank of the Lao's Securities Management Committee approved the 2026 work plan, focusing on green bond issuance, state-owned enterprise reform, IFRS implementation, and a derivatives market feasibility study. The meeting, chaired by Deputy Prime Minister Somxay Kommasith, reviewed 2025 activities and set priorities for the Securities Commission Office and the Lao Securities Exchange.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-12-16FinlandBank of Finland

    Bank of Finland appoints Aleksi Grym as Head of the Payment Systems Department from 1 March 2026

    The Bank of Finland has appointed Aleksi Grym as Head of the Payment Systems Department for a five-year term starting 1 March 2026. Grym has led the Fintech Division since 2023 and has been with the Bank since 2016. The department oversees cash supply, payment systems infrastructure, and policy development.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-16BelizeCentral Bank of Belize

    Central Bank of Belize addresses misinformation on Marlowe Neal’s appointment to liquidate 19 credit unions and administer St. Francis Xavier Credit Union

    The Central Bank of Belize clarified that social media ads misrepresented Mr. Marlowe Neal's appointment as liquidator for 19 credit unions and statutory administrator of St. Francis Xavier Credit Union Limited (SFXCU). The bank emphasized that the 19 credit unions were defunct entities, not "closed," with some having prior liquidation notices. Mr. Neal succeeded Mr. Martin Marshalleck as statutory administrator of SFXCU on 1 September 2023, continuing rehabilitation efforts.

    SupervisionAlertsRecovery and resolution
  • 2025-12-16Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission secures court order freezing over 101 million in suspected shadow director’s bank account in Teamway misconduct case

    The Hong Kong Securities and Futures Commission secured a Court of First Instance order to freeze over 101 million HKD in Ng Kwok Fai's bank account amid allegations of corporate misconduct at Teamway International Group Holdings Limited. The case involves claims against Ng, Yang Zhihui, and former directors for prejudicing company interests and breaching fiduciary duties. The SFC seeks 532 million HKD in compensation and disqualification orders, with the asset freeze in place until legal proceedings conclude.

    EnforcementInvestigations & enforcement actionsCorporate governance
  • 2025-12-16CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario proposes to refuse renewal of Leszek Dziadecki’s insurance agent licence and revoke Advantage Group of Finance Inc.’s corporate agent licence

    The Financial Services Regulatory Authority of Ontario is taking enforcement action against Leszek Dziadecki and Advantage Group of Finance Inc., proposing to refuse renewal of Dziadecki’s insurance agent licence and revoke Advantage Group’s corporate agent licence under Ontario’s Insurance Act. The proposal cites Dziadecki’s past conduct, lack of trustworthiness, and non-cooperation with the regulator, alleging Advantage Group’s unsuitability due to Dziadecki’s ownership and directorship. Both parties have requested a hearing before the Financial Services Tribunal.

    EnforcementInvestigations & enforcement actionsFitness and propriety
  • 2025-12-16AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority publishes Annual Superannuation Bulletin with total superannuation assets at AUD 4,337 billion

    The Australian Prudential Regulation Authority (APRA) released its Annual Superannuation Bulletin for the year ending 30 June 2025, detailing updated statistics on Australia's superannuation industry. Total superannuation assets reached AUD 4,337 billion, with AUD 3,047 billion in APRA-regulated assets and AUD 1,052 billion in self-managed super funds. Contributions for entities with more than six members totaled AUD 209 billion, while benefit payments were AUD 132 billion. Member benefits amounted to AUD 3,117 billion, with an average account balance of AUD 131,980.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-12-16AustriaAustrian National Bank (OeNB)

    Austrian National Bank, Financial Market Authority and Ministry of the Interior sign binding cybersecurity cooperation agreement

    The Austrian National Bank (OeNB) announced a cooperation agreement with Austria’s Federal Ministry of the Interior and the Financial Market Authority to enhance cybersecurity. This agreement formalizes collaboration and information sharing, aligning with the Network and Information Security Directive (NIS2). Key focus areas include joint national and European initiatives, coordinated operational efforts, and thematic cooperation on ICT-related incidents and cyber threats.

    Policy & regulationCooperationCyber resilienceDomestic cooperation
  • 2025-12-16AustriaAustria Financial Market Authority

    Austrian Financial Market Authority executive director Helmut Ettl re-elected as European Banking Authority Vice-Chairperson

    The Austrian Financial Market Authority announced the re-election of Helmut Ettl as Vice-Chairperson of the European Banking Authority (EBA) for another two-and-a-half-year term. Ettl, a voting member of the EBA Board of Supervisors since 2011, will continue to support key policy decisions and aid in the transition to a new EBA Chairperson.

    Institutional developmentLeadership change & appointmentsSupervision process and methodologies
  • 2025-12-16AustriaAustria Financial Market Authority

    Austrian Financial Market Authority signs binding cybersecurity cooperation memorandum with the Federal Ministry of the Interior and Oesterreichische Nationalbank

    Austria's Federal Ministry of the Interior, the Austrian Financial Market Authority, and the Oesterreichische Nationalbank have signed a memorandum to enhance cybersecurity cooperation under the EU Network and Information Security Directive. This agreement formalizes collaboration between the NIS authority and financial-sector authorities for DORA enforcement, focusing on information exchange, operational initiatives, and cybersecurity strategy in the financial sector.

    Policy & regulationCooperationCyber resilience
  • 2025-12-16Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert covering five banks and warns against fraudulent banking websites and phishing messages

    The Hong Kong Monetary Authority issued a scam alert highlighting fraudulent activities reported by five banks, including fake websites, phishing emails, and fraudulent login screens. The alert emphasizes that banks will not send SMS or emails with links for transactions or request sensitive information. Affected individuals are advised to contact their bank and report incidents to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-12-16CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission warns four websites are not authorised to provide investment services

    The Cyprus Securities and Exchange Commission (CySEC) issued a warning that icinvesting.com, nessfx.net, addsmarket.com, and ironvale.pro are not authorized to provide investment services under Article 5 of Law 87(I)/2017. CySEC advises investors to verify the licensing status of firms on its website before engaging in investment activities.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-12-16ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission promotes OICConnect My Policy service on LINE for 24/7 secure access to policy information

    The Thailand Office of Insurance Commission launched OICConnect on LINE Official Account @OICConnect, offering 24/7 access to insurance information and services, including the "My Policy" feature for policyholders to view and verify policy details across all insurers. The platform also provides tools for checking agent and broker licence status, insurer information, and motor insurance claim history, while adhering to data security standards.

    Financial literacy & educationOther
  • 2025-12-16UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan engages IMF governance technical assistance mission on Board oversight and decision making

    The Central Bank of the Republic of Uzbekistan engaged with the International Monetary Fund Governance Technical Assistance Mission to enhance governance and decision-making. Discussions focused on modern management practices, legal foundations, and strengthening the Central Bank's Board oversight. The Bank has largely completed actions under the Safeguards Assessment recommendations, with ongoing efforts to reinforce a rules-based framework.

    Institutional developmentGovernanceCorporate governance
  • 2025-12-16JordanJordan Securities Commission

    Jordan Securities Commission gazettes virtual asset service provider licensing regulation and 2025 financial solvency and capital adequacy instructions

    The Jordan Securities Commission published measures on licensing virtual asset service providers and prudential standards in the Official Gazette, establishing the regulatory framework and phased commencement for both regimes. The Virtual Asset Service Providers Licensing Regulation No. 94 of 2025 takes effect 30 days post-publication, while the Financial Solvency and Capital Adequacy Instructions for 2025 become effective 270 days after.

    Policy & regulationRules & requirementsLicensing framework and processPrudential risks
  • 2025-12-16JordanCentral Bank of Jordan

    Central Bank of Jordan reports 7% rise in tourism income to USD 7.16bn and 4.2% growth in worker remittances

    The Central Bank of Jordan reported a 7.0% rise in tourism income to USD 7,160.2 million for the first eleven months of 2025, driven by a 14.7% increase in tourist numbers, and a 4.2% increase in worker remittances to USD 3,725.5 million for the first ten months. November 2025 saw a 12.6% year-on-year increase in tourism income to USD 606.6 million, with significant contributions from European, Asian, and American tourists.

    Data & statisticsBalance of payments and other external statistics
  • 2025-12-16MoroccoCentral Bank of Morocco

    Central Bank of Morocco Holds Key Interest Rate at 2.25%

    The Central Bank of Morocco held its key interest rate at 2.25%, citing low inflation alongside strong non-agricultural activity and investment amid elevated uncertainty. Inflation is forecast at 0.8% in 2025, 1.3% in 2026 and 1.9% in 2027, while growth is projected at 5% in 2025 and an average 4.5% over 2026 and 2027.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2025-12-16TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan publishes President Rahmon’s address outlining 2026–2030 targets to double GDP and reduce poverty to 10%

    The National Bank of the Republic of Tajikistan published President Emomali Rahmon’s address outlining key economic achievements and policy priorities. Over the past decade, GDP increased 3.4 times, with significant investment and poverty reduction. The 2026–2030 Medium-Term Development Programme aims to double GDP, reduce poverty to 10%, and expand the middle class to 50%, with targeted growth in industry, agriculture, and services.

    Policy & regulationReform agendas & prioritiesEconomic data and developments
  • 2025-12-16IndiaIndia International Financial Services Centres Authority

    India International Financial Services Centres Authority signs MoU with IIT Gandhinagar to build a regulatory-academic collaboration framework for GIFT IFSC

    The India International Financial Services Centres Authority (IFSCA) signed a memorandum with the Indian Institute of Technology Gandhinagar to foster regulatory-academic collaboration for the GIFT International Financial Services Centre ecosystem. The agreement includes cooperation on knowledge exchange, capacity building, and policy-relevant research, focusing on FinTech, AI/ML, blockchain, and quantum technologies. It also encompasses academic initiatives, internships, and participation in IFSCA working groups.

    Policy & regulationCooperationFintech and insurtechCapacity building
  • 2025-12-16Sint Maarten & CuracaoCentral Bank of Sint Maarten & Curacao

    Central Bank of Curaçao and Sint Maarten warns tourism-led growth remains exposed to external shocks and urges fiscal buffers and structural reforms

    The Central Bank of Curaçao and Sint Maarten's December 2025 Economic Bulletin warns that while tourism supports economic expansion, the monetary union remains vulnerable to external shocks. It highlights sensitivity to global demand shifts, commodity prices, and climate disruptions, exacerbated by geopolitical tensions. The bulletin calls for stronger fiscal frameworks, improved public investment execution, and diversification of economic ties, including a potential trade agreement with Trinidad and Tobago.

    ResearchEconomic data and developmentsFinancial stability and systemic risk
  • 2025-12-16JordanCentral Bank of Jordan

    Central Bank of Jordan reports USD 7.16bn tourism receipts in first 11 months of 2025 and USD 3.73bn inbound remittances in first 10 months

    The Central Bank of Jordan reported a 7.0% year-on-year increase in tourism receipts to USD 7,160.2 million for the first 11 months of 2025, driven by a 14.7% rise in tourist numbers. November saw a 12.6% increase in tourism receipts to USD 606.6 million, while inbound workers’ remittances rose 4.2% to USD 3,725.5 million. Outbound tourism spending increased 11.4% in November, with the UAE and Egypt being significant sources and destinations for remittances.

    Data & statisticsBalance of payments and other external statistics
  • 2025-12-16United StatesNew York State Department of Financial Services

    New York State Department of Financial Services sets out supervisory approach to AI in insurance underwriting and pricing

    New York State Department of Financial Services Acting Superintendent Kaitlin Asrow addressed a New York State Assembly hearing on AI in insurance underwriting and pricing, detailing DFS's oversight approach. DFS applies technology-agnostic legal obligations to AI processes, addressing risks like bias and cybersecurity through guidance and supervisory reviews. Asrow highlighted DFS's 2024 Circular Letter on AI and internal committees focused on AI governance.

    Policy & regulationGuidance & interpretationArtificial intelligence
  • 2025-12-16ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of three unauthorised insurance websites

    The Italian Institute for Insurance Supervision (IVASS) has blocked three websites for unlawfully offering insurance services, totaling 331 blocked sites since November 2023. The blocking, implemented by Italian internet service providers, may take a few days to be fully effective. IVASS cautioned consumers against policy offers via instant messaging or prepaid credit cards and advised verifying sellers against its official lists.

    SupervisionInterventionsFraud and scams
  • 2025-12-16OmanCentral Bank of Oman

    Central Bank of Oman introduces partial-payment cheque clearing system for all cheques effective 15 December 2025

    The Central Bank of Oman has introduced a Partial Payment Cheque Clearing System, allowing beneficiaries to receive available funds when the account balance is less than the cheque amount. This framework, applicable to all cheque types, aims to enhance cash flows and reduce disputes over returned cheques. Beneficiaries must accept partial payments, with full legal recourse for unpaid balances, while the Electronic Cheque Clearing System now supports this functionality for inter-bank clearing.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-12-16SerbiaNational Bank of Serbia

    National Bank of Serbia temporarily bans exchange-office commissions on euro sales to citizens

    The National Bank of Serbia has temporarily prohibited exchange offices from charging commissions on euro sales to protect citizens and prevent pressure on the foreign exchange market. This decision follows an assessment that the Serbian dinar's exchange rate against the euro is stable, and selling rates at exchange offices are generally below publicized levels. The measure will remain in effect until market conditions stabilize, with ongoing monitoring by the central bank.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2025-12-16SerbiaNational Bank of Serbia

    National Bank of Serbia reports 4.96 million mobile banking users and 68.7 million digital payments in Q3 2025

    The National Bank of Serbia reported a significant rise in digital banking adoption in Q3 2025, with mobile banking leading the growth. Mobile banking users increased by 11.5% year on year to 4,962,039, and digital payments rose by 10.3% to 68.7 million transactions. The growth is attributed to app-based functionalities such as instant payments and QR code scanning.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-12-16South KoreaSouth Korea Financial Services Commission

    South Korea Financial Services Commission revises electronic transactions law to require 100 percent external management of payment gateway unsettled funds and higher capital

    South Korea's Financial Services Commission revised the Act on Electronic Financial Transactions to enhance user protection and oversight of payment gateway services. Changes include mandatory external management of unsettled funds, increased capital requirements based on transaction volumes, and new compliance measures like re-registration of major shareholders and information disclosure duties. Administrative sanctions are effective immediately, with other requirements phased in by December 2026.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-12-16EuropeEuropean Central Bank

    European Central Bank publishes weekly Eurosystem balance sheet showing assets of EUR 6.13tn and lower monetary policy securities holdings

    The European Central Bank's Eurosystem weekly balance sheet for 12 December 2025 showed total assets of EUR 6,129,214 million, a decrease of EUR 2,168 million due to transactions. The decline was mainly due to reduced securities for monetary policy and lower lending to euro area credit institutions, partially offset by increased holdings of other securities. Banknotes in circulation and Eurosystem monetary policy liabilities to euro area credit institutions rose, driven by a higher deposit facility balance.

    Data & statisticsBalance of payments and other external statistics
  • 2025-12-16GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission launches licensing regime for equity release from 1 January 2026

    The Guernsey Financial Services Commission will implement a new regulatory regime for equity release under the Lending, Credit and Finance Law effective 1 January 2026, requiring providers and related service firms to obtain a licence. The regime covers lifetime mortgages and home reversion plans, with discounted fees for the first three years and potential equivalence for UK providers advised by locally licensed advisors. Existing licensees can vary their activities, while new entrants must submit a full licence application.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-12-16CambodiaSecurities and Exchange Regulator of Cambodia

    Securities and Exchange Regulator of Cambodia co-hosts Bankruptcy Law capacity-building workshop with Trust Regulator and Insurance Regulator of Cambodia

    The Securities and Exchange Regulator of Cambodia, in collaboration with the Trust Regulator, the Insurance Regulator of Cambodia, and CamEd Business School, conducted a capacity-building workshop on bankruptcy law. The event was supported by Stronghold Trustee Co., Ltd and presided over by H.E. Sou Socheat, H.E. Sok Dara, and H.E. Bou Chanphirou.

    Institutional developmentCooperation & capacity buildingRecovery and resolution
  • 2025-12-16AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan and Azerbaijan's Financial Monitoring Service deliver AML/CFT training on reliance on third-party customer due diligence

    The Central Bank of the Republic of Azerbaijan and Azerbaijan's Financial Monitoring Service conducted online training for over 200 financial institution staff on anti-money laundering and counter-terrorist financing requirements. The session focused on when obliged entities can rely on customer due diligence performed by others, referencing Article 5 of Azerbaijan's relevant law. Participants included a range of regulated firms, and discussions addressed legislative requirements and practical applications.

    Policy & regulationGuidance & interpretationKYC
  • 2025-12-16BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission publishes Q3 2025 enforcement activity report with BRL 83.48 million in fines

    The Brazil Securities Commission (CVM) released its Sanctioning Activity Report for Q3 2025, detailing supervisory and enforcement actions, including 175 warning letters and 11 stop orders. The CVM Board approved 10 settlement agreements totaling BRL 8.98 million and sanctioned 24 individuals, imposing fines of BRL 83,475,960.32. Additionally, 21 cases were referred to prosecutors for suspected crimes like unauthorized professional activity and fraud.

    Data & statisticsOther
  • 2025-12-16SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns that Prime Capital Ltd website is fraudulent and not licensed

    The Seychelles Financial Services Authority issued a scam alert regarding the website https://primecapital.ws/, which falsely claims Prime Capital Ltd is authorised under licence number SD31. The Authority clarified that Prime Capital Ltd is not licensed or regulated by them and urged the public to verify entities before engaging in business.

    SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
  • 2025-12-16SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns META SMART TRADE Ltd is unlicensed and linked website falsely claims FSA authorisation

    The Seychelles Financial Services Authority (FSA) issued a scam alert regarding metasmarttrade.com, falsely claiming regulation under licence number SD31. The FSA confirmed META SMART TRADE Ltd is not licensed or regulated by the Authority and urged the public to research entities before engaging in transactions.

    SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
  • 2025-12-16SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns Nova Finance Ltd is not licensed and flags the Financialnova website as unauthorised

    The Seychelles Financial Services Authority issued a scam alert about https://financialnova.pro/partners, falsely claiming Nova Finance Ltd is regulated under licence SD31. Nova Finance Ltd is not licensed by them. The public is advised to research entities before financial transactions. The Authority disclaims liability for engagements with the fraudulent site.

    SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
  • 2025-12-16SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns Tradepro Market Ltd is not licensed and flags two websites as unlawfully using its regulatory status

    The Seychelles Financial Services Authority (FSA) issued a scam alert regarding websites claiming affiliation with Tradepro Market Ltd, falsely asserting FSA authorization. The FSA clarified that Tradepro Market Ltd is neither licensed nor regulated by the Authority and advised the public to perform due diligence before engaging with such entities.

    SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
  • 2025-12-16RussiaCentral Bank of Russia

    Central Bank of Russia’s National Financial Board reviews 2026–2028 monetary policy guidelines and approves expenditure plans and internal accounting rules

    The National Financial Board of the Central Bank of Russia reviewed the Monetary Policy Guidelines for 2026–2028 and discussed key supervisory and operational issues from Q3 2025. The Board assessed incentive-based regulation in the banking sector, considered insuring household funds in individual investment accounts, and received updates on the digital ruble platform project. It approved expenditures for staff remuneration, pensions, insurance, capital investment, and administrative expenses.

    Institutional developmentGovernanceAccounting and financial reportingSupervision process and methodologies
  • 2025-12-16VanuatuReserve Bank of Vanuatu

    Reserve Bank of Vanuatu warns public about counterfeit polymer vatu notes in circulation

    The Reserve Bank of Vanuatu issued a public alert regarding counterfeit polymer Vatu banknotes in circulation, urging verification of security features and reporting of suspected counterfeits. The Bank is collaborating with police to trace the source and prevent further distribution, emphasizing that passing counterfeit currency violates the Reserve Bank of Vanuatu Act.

    SupervisionAlertsOther
  • 2025-12-16RussiaCentral Bank of Russia

    Central Bank of Russia reports 15.63% average maximum ruble deposit rate for top 10 banks in early December 2025 monitoring

    The Central Bank of Russia reported an average maximum interest rate of 15.63% for Russian ruble household deposits at the 10 largest credit institutions for the first 10 days of December 2025. The rates, calculated as an arithmetic mean, exclude special client offers and products with additional conditions. Rates by maturity were 15.02% for up to 90 days, 15.24% for 91–180 days, 14.47% for 181 days to one year, and 12.42% for over one year.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-12-16PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission authority to accredit external auditors upheld with finality by Supreme Court

    The Philippine SEC's authority to accredit certified public accountants as external auditors was affirmed by the Supreme Court. The final ruling on October 14 upheld the SEC's accreditation rules, reversing previous decisions that deemed them unconstitutional. The SEC can now supervise external auditors of covered corporations, while the Board of Accountancy remains the primary regulator of the accountancy profession.

    Policy & regulationGuidance & interpretationAuditing
  • 2025-12-16PortugalBank of Portugal

    Bank of Portugal warns Laurinda Quintinhas Salvador Gouveia João is not authorised to provide payment services in Portugal

    The Bank of Portugal issued a warning that Laurinda Quintinhas Salvador Gouveia João is not authorised to conduct any financial activities, including payment services, in Portugal. Under the Legal Framework for Payment Services and Electronic Money, only authorised entities may provide such services. The Bank's website lists all authorised entities.

    SupervisionAlertsLicence withdrawal
  • 2025-12-16PolandCentral Bank of Poland

    Central Bank of Poland publishes November 2025 core inflation measures showing broad easing and CPI at 2.5% year on year

    The Central Bank of Poland reported a decline in core inflation indicators for November 2025, with inflation excluding food and energy prices at 2.7% year on year and the Consumer Price Index at 2.5%. Inflation excluding administered prices dropped to 2.0%, while inflation excluding the most volatile prices was 3.1%, and the 15% trimmed mean was 2.4%. These indices are published monthly to analyze inflation drivers and persistence, with the ex-food-and-energy measure being most responsive to monetary policy.

    Data & statisticsMonetary data
  • 2025-12-16VietnamVietnam State Securities Commission

    Vietnam State Securities Commission notifies applicants to pay VND 1,000,000 securities practitioner certificate fee and collect within one year

    The Vietnam State Securities Commission requires individuals listed in an attached roster to pay a VND 1,000,000 fee to complete the issuance of a securities practitioner certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or in person, with specific identification details required for transfers. Failure to complete the procedure within one year will result in certificate cancellation.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-12-16United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee marks up banking and bipartisan housing bills and targets nearly 100 measures for full House consideration

    The U.S. House Financial Services Committee, led by French Hill, is marking up bills to strengthen the banking system and enhance housing affordability. The banking measures focus on expanding credit access and reducing regulatory burdens, while the bipartisan housing package aims to increase supply and streamline construction. The committee plans to advance a "Make Community Banking Great Again" agenda next year to support local lending.

    Policy & regulationRules & requirementsOther
  • 2025-12-16CanadaFinancial Transactions and Reports Analysis Centre of Canada

    British Columbia Securities Commission settles with Hypercharge Networks for CAD 35,000 over promotional and continuous disclosure breaches

    The British Columbia Securities Commission settled with Hypercharge Networks Corp., which paid CAD 35,000 for misconduct in investor relations and violating continuous disclosure requirements. Hypercharge failed to clearly disclose its use of Gold Standard Media LLC for promotional emails and retracted growth projections lacking material assumptions. The BCSC acknowledged Hypercharge's cooperation and FINTRAC's assistance in the investigation.

    EnforcementInvestigations & enforcement actionsCorporate governanceDisclosures
  • 2025-12-16ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission amends SRI fund rules to require clearer sustainability objectives, new labels and enhanced disclosures

    The Thailand Securities and Exchange Commission has revised its regulatory framework for Sustainable and Responsible Investing (SRI) funds, effective 16 December 2025, to enhance standards and transparency. Asset management companies must define and disclose each SRI fund’s sustainability objectives, apply specific SRI labels, and strengthen disclosure requirements. The changes aim to reduce greenwashing risk and bolster investor confidence, with updated guidelines for SRI Impact funds and additional disclosure requirements for SRI fund of funds and feeder funds.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-12-16ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges GRAND bondholders to review proposed two-year maturity extension and covenant waivers ahead of 19 December e-meeting

    The Thailand SEC advises bondholders of Grande Asset Hotels and Property to review information and exercise their rights before a reconvened meeting on 19 December 2025. The meeting will address bond restructuring proposals, including extending maturities, adjusting interest rates, and altering repayment terms. The SEC emphasizes the importance of understanding these changes and participating in the decision-making process.

    SupervisionInterventionsCorporate governance
  • 2025-12-16SwedenFinansinspektionen

    Swedish Financial Supervisory Authority launches Innovations Compass to target guidance needs arising from financial innovation

    The Swedish Financial Supervisory Authority (FI) has introduced Innovationskompassen to identify uncertainties in rule application and supervisory processes for innovation and business development. This initiative facilitates structured dialogue with firms to develop targeted guidance, without altering authorisation procedures or creating rule exemptions. FI will select areas for time-limited projects, convene reference groups, and publish guidance based on dialogue outcomes.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-12-16United KingdomHM Treasury

    United Kingdom's HM Treasury lays Parliament legislation to regulate cryptoasset trading platforms custody staking and stablecoin issuance

    HM Treasury introduced final draft legislation to regulate major cryptoasset activities under the Financial Services and Markets Act 2000, establishing a UK authorisation framework for cryptoasset firms. The draft Order defines “qualifying cryptoassets” and “qualifying stablecoin” as specified investments and creates new regulated activities, including issuing stablecoins, custody, and trading. It also updates financial promotions and anti-money laundering rules, with a staged commencement to allow regulatory bodies and firms to prepare.

    Policy & regulationRules & requirements
  • 2025-12-16NigeriaCentral Bank of Nigeria

    Central Bank of Nigeria revokes Aso Savings and Loans and Union Homes Savings and Loans operational licences over capital and compliance breaches

    The Central Bank of Nigeria revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc for violating the Banks and Other Financial Institutions Act 2020 and the Revised Guidelines for Mortgage Banks in Nigeria. The revocation was due to failure to meet minimum paid-up share capital requirements, insufficient assets to cover liabilities, a capital adequacy ratio below the prudential minimum, and non-compliance with CBN directives.

    EnforcementInvestigations & enforcement actionsCapital adequacyPrudential risks
  • 2025-12-16NigeriaCentral Bank of Nigeria

    Central Bank of Nigeria publishes November 2025 household expectations survey showing consumer sentiment turns positive at 1.9 index points

    The Central Bank of Nigeria's November 2025 Households Expectations Survey indicates a rise in consumer sentiment to 1.9 index points, marking renewed optimism since May 2024. Economic Condition and Family Income Sentiment indices improved, while the Family Financial Situation Index remained negative. Forward-looking indices suggest increasing optimism, despite perceptions of high prices and expectations of modest declines.

    Data & statisticsEconomic data and developments