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  • 2025-12-11United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation updates FSOC on supervision reforms and resolution initiatives including joint NPRs and capital rule changes

    FDIC Acting Chairman Travis Hill detailed recent regulatory actions and future reforms to the Financial Stability Oversight Council. Key initiatives include joint rulemaking with the Office of the Comptroller of the Currency, rescinding climate-related guidance, and revising leverage ratio standards. Planned reforms involve CAMELS reform, Basel agreement reproposal, and Bank Secrecy Act program rule changes.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2025-12-11FinlandFinanssivalvonta

    Finnish Financial Supervisory Authority reports Finnish banks’ CET1 ratio at 18.2% and continued strong solvency in pension and insurance sectors

    The Finnish Financial Supervisory Authority (FIN-FSA) assessed Finland's financial sector, finding banks, pension institutions, and insurers well-capitalised through Q3 2025 despite economic uncertainties. Banks maintained strong capital ratios, with a Common Equity Tier 1 ratio of 18.2% and a total capital ratio of 21.9%, though net interest income declined. The employee pension sector's solvency ratio improved to 129.9%, while life and non-life insurers reported solvency ratios of 222% and 251%, respectively, with positive investment returns.

    SupervisionRisk monitoring & watch pointsCapital adequacyFinancial stability and systemic risk
  • 2025-12-11United KingdomHM Treasury

    HM Treasury reappoints David Roberts as Chair of the Bank of England Court and extends terms for two non-executive directors

    HM Treasury has reappointed David Roberts as Chair of the Court of the Bank of England for a second four-year term starting 24 October 2026. Dame Anne Glover and Diana Noble have also been reappointed as non-executive directors, with terms extended until 31 May 2028 and 31 May 2027, respectively. The reappointments were made by the Chancellor of the Exchequer and the Economic Secretary to the Treasury per the Governance Code on Public Appointments.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-11United KingdomHM Treasury

    HM Treasury appoints Dame Debbie Crosbie to succeed Dame Amanda Blanc as Women in Finance Champion for the Women in Finance Charter

    HM Treasury has appointed Dame Debbie Crosbie, Chief Executive of Nationwide Building Society, as the new Women in Finance Champion, succeeding Dame Amanda Blanc. The role supports the HM Treasury Women in Finance Charter, which aims to enhance female representation in senior UK financial services roles. Crosbie's appointment is effective from 1 January 2026, with a term ending on 31 May 2027.

    Institutional developmentLeadership change & appointmentsDiversity and inclusion
  • 2025-12-11CanadaCanadian Securities Administrators

    Canadian Securities Administrators and Canadian Investment Regulatory Organization issue guidance for finfluencers and firms on complying with securities laws

    The Canadian Securities Administrators and the Canadian Investment Regulatory Organization have issued guidance for finfluencers, registrants, and issuers to ensure compliance with securities laws in online investing content. The guidance emphasizes transparent communications, conflict of interest identification, and provides examples for understanding regulatory requirements on social media. Non-compliance may lead to penalties and enforcement actions.

    Policy & regulationGuidance & interpretationConsumer and investor protection
  • 2025-12-11CanadaCanadian Securities Administrators

    Canadian Securities Administrators and CIRO report initial results of new initiative that deactivated 3,961 fraudulent investment and crypto scam websites

    The Canadian Securities Administrators (CSA), with the Canadian Investment Regulatory Organization (CIRO), deactivated 3,961 fraudulent investment and cryptocurrency scam websites linked to 6,918 URLs between June 5 and November 23, 2025. The Ontario Securities Commission led the initiative, urging investors to report suspicious sites and highlighting common fraud indicators. The CSA continues identifying additional URLs for potential deactivation to combat online financial fraud.

    Policy & regulationImplementation, projects & pilotsFraud and scams
  • 2025-12-11United StatesFederal Reserve Board

    Federal Reserve Board terminates enforcement actions against Credit Suisse entities and JPMorgan Chase

    The Federal Reserve Board has terminated enforcement actions involving Credit Suisse Group AG and JPMorgan Chase & Co. This includes the termination of a written agreement with Credit Suisse entities dated December 22, 2020, and cease and desist orders against Credit Suisse dated May 19, 2014, and JPMorgan Chase dated March 8, 2024.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-12-11United StatesFederal Reserve Board

    Federal Reserve Board reappoints Reserve Bank presidents and first vice presidents for new five-year terms starting March 2026

    The Federal Reserve Board has reappointed Federal Reserve Bank presidents and first vice presidents for new five-year terms starting 1 March 2026, following unanimous Board concurrence. Presidents were evaluated on district engagement and leadership, while first vice presidents were assessed on operational oversight. Raphael W. Bostic will retire as Atlanta Fed president, and Shonda S. Clay will begin as Chicago Fed first vice president on 1 March 2026.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-11ChileCentral Bank of Chile

    Central Bank of Chile launches new centenary historical statistics products including a 1925–2025 balance sheet study

    The Central Bank of Chile has launched three initiatives to enhance access to historical economic and financial data, marking its 100-year anniversary. These include a comprehensive study on the Bank's milestones and balance sheet evolution, a dedicated website for historical statistics, and a new section in the Bank's Statistical Database. The initiatives aim to centralize a century's worth of data for researchers, academics, and the public.

    Data & statisticsOther
  • 2025-12-11ItalyItalian Securities Commission (Consob)

    Italian Securities Commission, Bank of Italy and IVASS update the TIBER-IT guide to align threat-led penetration testing with the EU Digital Operational Resilience Act

    The Italian Securities Commission, with the Bank of Italy and IVASS, released an updated TIBER-IT guide for cybersecurity testing in the financial sector, aligning with the EU Digital Operational Resilience Act (DORA). This guide serves as the framework for mandatory and voluntary threat-led penetration testing (TLPT) by financial entities. It incorporates DORA's TLPT requirements, the European Commission’s delegated regulation, and the updated TIBER-EU framework.

    Policy & regulationGuidance & interpretationCyber resilience
  • 2025-12-11CanadaCanadian Investment Regulatory Organization

    Canadian Securities Administrators and Canadian Investment Regulatory Organization report takedown of more than 3,900 fraudulent investment websites

    The Canadian Securities Administrators and the Canadian Investment Regulatory Organization deactivated over 3,900 fraudulent investment and cryptocurrency scam websites targeting Canadians. This initiative, from June to November 2025, involved more than 6,900 URLs. Regulators urged reporting suspicious sites and highlighted common fraud indicators, emphasizing verifying registration through the CSA’s National Registration Search.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-12-11CanadaCanadian Investment Regulatory Organization

    Canadian Investment Regulatory Organization and Canadian Securities Administrators issue compliance guidance for finfluencers and firms that work with them

    The Canadian Investment Regulatory Organization and the Canadian Securities Administrators have issued guidance for financial content creators, or "finfluencers," and associated registrants and issuers, clarifying the application of securities laws to online investment content. The guidance emphasizes transparent communication and conflict of interest disclosure, providing examples for compliance. Non-compliance may lead to penalties and enforcement actions.

    Policy & regulationGuidance & interpretationConsumer and investor protection
  • 2025-12-11EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority issues four rules to extend AML controls and expand reporting for microfinance and SME finance providers

    The Egypt Financial Regulatory Authority issued four decisions to enhance microfinance and SME finance supervision, incorporating anti-money laundering and counter-terrorist financing controls. Decisions 243 and 244 target microfinance entities, while 245 and 246 focus on SME finance, mandating detailed monthly, quarterly, and annual reporting. These measures align with the sector's digital transformation and follow the cancellation of 518 licenses due to non-compliance.

    Policy & regulationRules & requirementsAML and CFTCompliance
  • 2025-12-11EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority publishes 2024 private insurance funds report as investments rise to EGP 168.1bn

    The Egypt Financial Regulatory Authority's 2024 report on private insurance funds shows significant growth, with contributions, assets, and investment returns all increasing by over 20%. It details 671 active funds with 4.3 million members and highlights regulatory updates, including the Unified Insurance Law No. 155 of 2024 and new governance and investment rules. Funds with assets over EGP 500 million must now prepare financial statements under Egyptian Accounting Standards.

    Data & statisticsActivity and performance reporting
  • 2025-12-11United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission Commissioner Crenshaw criticises rollback of investor protections and sets out a regulatory rebuild agenda

    SEC Commissioner Caroline A. Crenshaw criticized the agency's current trajectory in a Brookings Institution speech, highlighting a rollback of regulatory efforts that weaken market safeguards. She identified trends like devaluing investor rights, shifting markets into less transparent areas, and reducing enforcement actions, while calling for reforms to enhance investor protections and market integrity. Crenshaw also noted a significant reduction in SEC staff, impacting oversight capacity.

    Policy & regulationReform agendas & prioritiesCorporate governance
  • 2025-12-11United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission staff issues no-action letter to DTC for pilot securities tokenization services

    The SEC's Division of Trading and Markets issued a no-action letter to The Depository Trust Company (DTC) for a preliminary voluntary securities tokenization program on supported blockchains. This program allows DTC participants to tokenize and transfer security entitlements via registered wallets, with DTC tracking these transfers. Commissioner Hester M. Peirce noted the initiative's pilot nature and acknowledged other market participants exploring different tokenization structures.

    Policy & regulationGuidance & interpretationTokenization
  • 2025-12-11United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission Chair signals support for reviewing FSOC non-bank designation guidance

    U.S. Securities & Exchange Commission Chairman Paul S. Atkins urged a "thoughtful review" of FSOC guidance on designating non-bank financial companies. He criticized arbitrary designations for hindering firms' strategic planning and capital deployment. Atkins noted Federal Reserve supervision focused on capital standards is inadequate for asset managers, insurance companies, and investment funds.

    Policy & regulationGuidance & interpretationFinancial stability and systemic risk
  • 2025-12-11AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority releases September 2025 quarter ADI performance and property exposure statistics

    The Australian Prudential Regulation Authority (APRA) released its Quarterly Authorised Deposit-taking Institution (ADI) Performance and Property Exposures reports for Q3 2025, highlighting a 5.1% increase in net profit after tax to AUD 41.1 billion and a 5.7% rise in total assets to AUD 6,681.7 billion. Key metrics include a total capital ratio of 20.4%, a liquidity coverage ratio of 133.3%, and a 6.0% increase in residential credit to AUD 2,426.5 billion.

    Data & statisticsAsset qualityCapital adequacy
  • 2025-12-11AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority imposes licence conditions on HESTA after administration provider transition disrupted member services

    The Australian Prudential Regulation Authority has imposed additional licence conditions on H.E.S.T Australia Ltd to address deficiencies in risk management and board governance during a transition of outsourced administration providers, which disrupted member services. APRA requires independent reviews of HESTA’s risk management framework and board effectiveness.

    SupervisionInterventionsOutsourcing and third-party risk management
  • 2025-12-11United StatesOffice of the Comptroller of the Currency

    Office of the Comptroller of the Currency outlines supervisory and regulatory reform priorities at FSOC meeting

    The Office of the Comptroller of the Currency (OCC) announced initiatives to enhance bank supervision and regulation to support the U.S. economy. Key efforts include promoting financial stability, increasing lending capacity, and tailoring examination activities for community banks. Upcoming work will focus on liquidity risk management, Bank Secrecy Act compliance, and revitalizing de novo bank chartering.

    Policy & regulationReform agendas & prioritiesSupervision process and methodologiesPrudential risks
  • 2025-12-11NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority confirms supervision and incident reporting under Norway’s Digital Security Act for key banks and Oslo Børs

    The Norwegian Financial Supervisory Authority clarified the application of Norway’s Digital Security Act and related NIS Directive regulations to the financial sector, confirming its supervisory role. Effective October 2025, the Act mandates baseline security requirements for systemically important banks and financial market infrastructure, including DNB Bank ASA and Oslo Børs ASA. Financial firms must report incidents to the National Security Authority and Finanstilsynet, with NFCERT as a sector incident response environment.

    Policy & regulationGuidance & interpretationCyber resilience
  • 2025-12-11EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Governing Council proposes EU banking rule simplification including two-layer capital buffers and a streamlined leverage ratio

    The European Central Bank (ECB) endorsed recommendations to streamline the EU's regulatory, supervisory, and reporting framework for banks, aiming to reduce complexity while maintaining resilience and Basel III compliance. Key proposals include merging capital buffer layers, simplifying the leverage ratio framework, and enhancing the prudential regime for small banks. The ECB also published a report on supervisory initiatives complementing these recommendations.

    Policy & regulationReform agendas & prioritiesCapital adequacyPrudential risks
  • 2025-12-11GlobalBank for International Settlements

    Bank for International Settlements bulletin warns G20 cross-border payments end-2027 targets are unlikely to be met on time

    The Bank for International Settlements released a bulletin assessing the G20 Roadmap for enhancing cross-border payments, noting limited improvement in end-user outcomes and the unlikelihood of meeting the 2027 targets on time. While most international policy actions are completed, achieving the Roadmap's goals depends on timely implementation and strong public-private collaboration. The bulletin reflects the authors' views, not those of BIS or its member central banks.

    Policy & regulationOtherCross-border payments
  • 2025-12-11MaltaMalta Financial Services Authority

    Malta Financial Services Authority deepens cooperation with financial authorities in Shenzhen and Hong Kong

    The Malta Financial Services Authority (MFSA) reported on a delegation visit to Southern China and Hong Kong to enhance regulatory cooperation. Led by Matthew Scicluna and Ray Schembri, the delegation engaged with key officials in Shenzhen and Hong Kong, and participated in Insurtech Insights Asia to discuss the European regulatory landscape and Malta's role in the EU financial services ecosystem.

    Policy & regulationCooperationCross-border cooperation
  • 2025-12-11GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub publishes Project Leap Phase 2 results on post-quantum cryptography for payment systems

    The Bank for International Settlements Innovation Hub released the Project Leap Phase 2 report, detailing an experiment on post-quantum cryptography in payment systems, highlighting performance differences and readiness challenges. The study, involving multiple European banks and partners, underscores the need for further testing and preparation for a broader transition.

    Policy & regulationImplementation, projects & pilotsQuantum computing
  • 2025-12-11MyanmarCentral Bank of Myanmar

    Central Bank of Myanmar objects to Basel AML Index 2025 ranking that places Myanmar as highest-risk jurisdiction

    The Central Bank of Myanmar criticized the Basel Institute on Governance’s Basel AML Index 2025 for ranking Myanmar as the highest-risk country, arguing it overlooks Myanmar's progress on FATF standards. The statement highlights improvements in technical compliance, ongoing engagement with the Asia Pacific Joint Group, and FATF's reduction of Myanmar's recommended actions from eight to four, while maintaining enhanced due diligence.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-12-11ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission co-hosts two virtual supervision and compliance training sessions with the US Securities and Exchange Commission

    The Argentina Securities Commission (CNV) and the US Securities and Exchange Commission (SEC) conducted a virtual training programme on capital markets supervision and compliance. The sessions, led by SEC experts, focused on risk-based supervision, compliance programmes for broker-dealers, and enhancing dialogue between regulators and market professionals. CNV President Roberto E. Silva and other CNV officials participated in the programme.

    SupervisionCooperationCapacity buildingSupervision process and methodologies
  • 2025-12-11SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)

    Swiss Financial Market Supervisory Authority approves merger of FINcontrol Suisse AG and OSFIN with successor to be renamed OSFINcontrol AG

    The Swiss Financial Market Supervisory Authority (FINMA) has approved the merger of FINcontrol Suisse AG and Organisation de Surveillance Financière (OSFIN). OSFIN will be dissolved and absorbed by FINcontrol Suisse AG, which will be renamed OSFINcontrol AG. Both were authorised as supervisory organisations in 2020. The merger becomes legally effective upon entry in the commercial register. These organisations oversee compliance with the Financial Institutions Act, Financial Services Act, and Anti-Money Laundering Act, while FINMA supervises them and enforces financial market law.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-12-11United Arab EmiratesADGM Financial Services Regulatory Authority

    ADGM Financial Services Regulatory Authority consults on proportionate climate-related financial risk requirements and advances UAE climate transition planning principles

    The ADGM Financial Services Regulatory Authority has launched a consultation on climate-related financial risk requirements for Authorised Persons, focusing on risk materiality and business complexity. Proposed enhancements include integrating these risks into capital adequacy assessments and public disclosures, with specific guidance for Recognised Bodies. The FSRA also contributed to the UAE Sustainable Finance Working Group's upcoming Principles for Climate Transition Planning.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-12-11AsiaAsia/Pacific Group on Money Laundering (APG)

    Asia/Pacific Group on Money Laundering publishes Malaysia evaluation, finds stronger AML CFT framework but weak money laundering prosecutions

    The Asia/Pacific Group on Money Laundering and the Financial Action Task Force published Malaysia’s mutual evaluation report, finding that the country has strengthened its AML/CFT/CPF system since 2015 through legal reforms, stronger supervision and better risk coordination. The report says Malaysia still struggles to turn money laundering investigations into prosecutions and convictions, while international cooperation, beneficial ownership transparency, non-financial sector supervision and broader asset recovery need improvement. Malaysia received substantial effectiveness ratings in several core areas, but only moderate ratings for international cooperation, beneficial ownership, money laundering enforcement and asset recovery.

    Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
  • 2025-12-11ArgentinaArgentina Superintendency of Insurance

    Argentina Superintendency of Insurance bars GALENO Aseguradora de Riesgos del Trabajo from signing new insurance contracts over a solvency deficit

    The Argentina Superintendency of Insurance issued Resolution 679/2025 under Law No. 20.091, prohibiting GALENO Aseguradora de Riesgos del Trabajo S.A. from entering new insurance contracts. This action aims to protect insureds and ensure system solvency following the identification of a deficit requiring immediate regularisation.

    SupervisionInterventionsPrudential risks
  • 2025-12-11IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India to hold Indore investor service camp with single-window support on 16 December 2025

    The Securities and Exchange Board of India (SEBI) will host an Investor Service Camp in Indore, Madhya Pradesh, on 16 December 2025, offering a single-window facility for investor services. The event, in collaboration with BSE, NSE, CDSL, NSDL, and several registrar and transfer agents, will provide assistance with shares, mutual fund requests, KYC updates, and more.

    Financial literacy & educationConsumer and investor protection
  • 2025-12-11GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub publishes Project Leap findings confirming post-quantum cryptography can be implemented in payment systems

    The Bank for International Settlements Innovation Hub released findings from Project Leap, demonstrating that post-quantum cryptography (PQC) can secure payment messaging and system operations. The experiments, conducted with several central banks and financial institutions, highlighted successful PQC deployment but noted increased processing times and considerations for performance, interoperability, and cryptographic agility.

    Policy & regulationImplementation, projects & pilotsQuantum computing
  • 2025-12-11United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury sets FSOC priorities on economic growth, economic security and reducing regulatory burdens

    The U.S. Department of the Treasury, through Secretary Scott Bessent's remarks to the Financial Stability Oversight Council (FSOC), outlined a strategy prioritizing economic growth and security in financial stability efforts, moving away from burdensome regulation. FSOC will work with member agencies to amend regulatory frameworks that hinder growth and stability, focusing on economic security and technological advancements. This agenda aligns with the U.S.'s 2026 G20 host year priorities, emphasizing deregulation and innovation.

    Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
  • 2025-12-11United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury’s FSOC approves 2025 annual report with recommendations on Treasury market resilience, cyber risk, bank supervision and AI

    The Financial Stability Oversight Council, chaired by the U.S. Department of the Treasury, released its 2025 annual report, highlighting U.S. financial stability risks and policy recommendations. Key areas include Treasury market resilience, cyber risk management, and enhanced oversight of banks and credit unions. The report emphasizes using artificial intelligence for resilience and calls for modernizing supervisory expectations and reducing compliance costs for community banks.

    Policy & regulationReform agendas & prioritiesActivity and performance reporting
  • 2025-12-11United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury convenes FSOC meeting and approves the Council’s 2025 annual report

    U.S. Treasury Secretary Scott K. H. Bessent led a Financial Stability Oversight Council meeting to review priority workstreams and consider revisions to nonbank and financial stability risk frameworks. The Council approved its 2025 annual report and discussed updates from working groups and agencies on key priorities. Additionally, the Council received briefings on potential revisions to interpretive guidance and analytic frameworks, and approved the minutes from its September 2025 meeting.

    Policy & regulationCooperationArtificial intelligenceFinancial stability and systemic risk
  • 2025-12-11VietnamState Bank of Vietnam

    State Bank of Vietnam highlights its 2025 banking-sector anti-corruption plan at a nationwide review conference

    The State Bank of Vietnam (SBV) joined a nationwide conference led by Vietnam’s Central Steering Committee on Anti-Corruption to review efforts during the 13th Party Congress term. The SBV reiterated its anti-corruption programme, highlighting measures like the Governor’s Directive No. 01 and Decision No. 1799/QD-NHNN for combating sector crime. The conference, chaired by General Secretary To Lam, was held in a hybrid format with over 190,000 participants.

    Policy & regulationCooperationOther
  • 2025-12-11IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India defers Phase III rollout of revamped nomination facilities beyond 15 December 2025

    SEBI has postponed Phase III of its "Revise and Revamp Nomination Facilities in the Indian Securities Market" framework, originally set for 15 December 2025, to a date yet to be announced. This follows requests for re-examination of structural implications and more time for system development due to operational challenges. The deferment is effective immediately, with all other provisions of previous circulars unchanged.

    Policy & regulationRules & requirementsOther
  • 2025-12-11IndiaInsurance Regulatory and Development Authority of India

    Insurance Regulatory and Development Authority of India hosts Asia-Pacific insurance supervision meetings and is elected AFIR Chair for two years

    The Insurance Regulatory and Development Authority of India (IRDAI) hosted the 8th Asia-Pacific High-Level Meeting on Insurance Supervision and the 20th Asian Forum of Insurance Regulators (AFIR) Annual Meeting in Hyderabad, focusing on digital innovation and financial inclusion. IRDAI's Chairman was elected as Chair of AFIR for the next two years. Discussions included supervisory mandates, protection gaps, AI in supervision, and India's Digital Public Infrastructure's role in enhancing trust.

    SupervisionCooperationFintech and insurtechFinancial inclusion
  • 2025-12-11MoldovaNational Bank of Moldova

    National Bank of Moldova sanctions Depozitarul Central Unic al Valorilor Mobiliare with a warning and prescription for governance and ICT deficiencies

    The National Bank of Moldova issued a sanctioning decision against JSC Depozitarul Central Unic al Valorilor Mobiliare (DCU), mandating remedial action due to governance and risk management deficiencies. The inspection highlighted issues in supervisory board responsibilities, meeting organization, and ICT. The bank will disclose sanctions post-notification and publish appeal outcomes if contested.

    EnforcementInvestigations & enforcement actionsSanctions list update
  • 2025-12-11United Arab EmiratesADGM Financial Services Regulatory Authority

    ADGM Financial Services Regulatory Authority launches consultation on climate-related financial risk management requirements for Authorised Persons

    The ADGM Financial Services Regulatory Authority (FSRA) updated its 2025 sustainable finance initiatives, focusing on a consultation for Authorised Persons to manage climate-related financial risks. Proposed enhancements include integrating these risks into capital adequacy assessments and public disclosures, with guidance tailored to business specifics. The FSRA also supports the UAE Sustainable Finance Working Group's upcoming Principles for Climate Transition Planning, addressing governance, strategy integration, and reporting.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-12-10EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority chair Verena Ross will not seek a second mandate as ESMA starts selecting a successor

    European Securities and Markets Authority Chair Verena Ross will not seek a second term and will remain in her role until her contract ends on 31 October 2026. ESMA will initiate the selection process for a new Chair.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-12-10Council of Financial RegulatorsCouncil of Financial Regulators (CoFR)

    New Zealand's Council of Financial Regulators approves revised operating model to adopt a leaner, system-focused approach

    New Zealand's Council of Financial Regulators (CoFR) approved a revised operating model focusing on a strategic, system-wide approach with horizon scanning and targeted taskforces. The meeting also addressed the 2026 work programme, noted the Finance and Expenditure Committee’s report on banking competition, and introduced new leadership, including Reserve Bank of New Zealand Governor Dr Anna Breman.

    Institutional developmentGovernanceOther
  • 2025-12-10SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission CNMV presents supervisory simplification plan to cut periodic reporting by 50%

    The Spanish Securities Commission (CNMV) has launched a plan to cut periodic reporting requirements by 50% under its "CNMV 2030" strategy. The plan includes 31 initiatives to reduce documentation, streamline processes, and enhance digital transformation, with 58% targeting redundant submissions and 26% expediting reviews. Additionally, the CNMV is advancing national legislative proposals and engaging in EU-level simplification efforts through ESMA and the European Commission.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2025-12-10Council of Financial RegulatorsCouncil of Financial Regulators (CoFR)

    New Zealand's Council of Financial Regulators approves revised operating model prioritising horizon scanning and targeted taskforces

    New Zealand's Council of Financial Regulators (CoFR) approved a revised operating model focusing on a strategic, system-wide approach to risks and opportunities, prioritizing horizon scanning and targeted taskforces. The December 2025 meeting also addressed banking competition, leadership changes, and outlined a 2026 work programme.

    Institutional developmentGovernanceOther
  • 2025-12-10EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority issues final supervisory expectations for management bodies with 12 high-level principles

    The European Securities and Markets Authority (ESMA) released a final report detailing supervisory expectations for management bodies under its supervision, based on 12 high-level, outcome-focused principles. These principles guide governance effectiveness and oversight, allowing tailored approaches according to the firm's nature, scale, and complexity. ESMA will incorporate these principles into its supervisory priorities in 2026 and engage with entities on their practical implementation.

    SupervisionSupervision approach, priorities & toolkitCorporate governance
  • 2025-12-10AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission underscores venture capital funds’ role in sustainability and innovation at Luanda conference

    Elmer Serrão, Chair of Angola's Capital Markets Commission, addressed a Luanda conference on venture capital, sustainability, and innovation. He emphasized venture capital's role in economic dynamism and sustainability in Angola, highlighting international and African experiences and potential social and environmental impacts. The Commission sees venture capital as a way to diversify funding, support SMEs, and align with ESG priorities.

    Policy & regulationGuidance & interpretationMarket developmentESG
  • 2025-12-10ItalyItalian Securities Commission (Consob)

    Italian Securities Commission publishes research highlighting overconfidence risks and the role of financial advice in ESG investing

    The Italian Securities Commission (Consob) released a paper examining the impact of information and skills on Italian retail investors' sustainable finance choices. The study highlights that increased access to information boosts knowledge of sustainable products but raises the risk of overconfidence. It suggests regulatory frameworks should enhance investor capability while addressing cognitive distortions, noting that financial advice increases sustainable investment, especially when advisers engage on sustainability preferences.

    ResearchFinancial literacy and educationESG
  • 2025-12-10ItalyBank of Italy

    Bank of Italy publishes December 2025 issue of The Italian economy in brief statistics report

    The Bank of Italy published the December 2025 issue of "The Italian economy in brief," offering updated data on Italy's economic and financial systems. The report covers real economic activity, prices, foreign transactions, private-sector financial conditions, banking-sector developments, public finances, and inflation and growth forecasts.

    Data & statisticsEconomic data and developments
  • 2025-12-10IndonesiaOJK

    Indonesia's Financial Services Authority and Ministry of Finance promote wider use of alternative credit rating providers to expand MSME financing

    Indonesia's Financial Services Authority (OJK) and the Ministry of Finance hosted a webinar on enhancing Alternative Credit Rating Providers (PKA) to improve financial access for MSMEs. OJK's Hasan Fawzi highlighted regulatory strengthening, alternative data use, and collaboration as key to serving underserved segments, while Ministry official Masyita Crystallin advocated for behavioural data to improve credit assessments.

    Policy & regulationReform agendas & prioritiesCredit ratings
  • 2025-12-10MozambiqueMinistry of Finance (Mozambique)

    Mozambique Ministry of Finance announces Parliament has approved in principle a bill creating an Insurance and Pension Funds Supervisory Authority

    Mozambique’s Ministry of Finance announced Parliament's general approval of a draft law to establish the Insurance and Pension Funds Supervisory Authority, aiming to align with international and regional standards. The initiative addresses low financial penetration, with only 30.6% of adults having a bank account and 17% accessing insurance. No timeline was provided for the authority's establishment.

    Policy & regulationRules & requirementsOrganizational structure
  • 2025-12-10MozambiqueMinistry of Finance (Mozambique)

    Mozambique's Ministry of Finance opens 10th International goAML User Group meeting and highlights exit from the FATF grey list

    Mozambique's Ministry of Finance highlighted the country's removal from the Financial Action Task Force grey list during the 10th International goAML User Group meeting in Maputo. The event, attended by global specialists, focused on enhancing cooperation against money laundering and terrorist financing, following the launch of goAML version 5.6. Participants will review platform updates and share experiences over the three-day meeting.

    Policy & regulationCooperationAML and CFTCross-border cooperation
  • 2025-12-10NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets issues ESG guidance after review finds compliance gaps in sustainability product governance and suitability testing

    The Dutch Authority for the Financial Markets (AFM) issued an ESG update and factsheet outlining expectations for investment firms on sustainability in product oversight, governance (POG), and suitability assessments. The AFM noted progress but emphasized the need for better compliance to align investors' sustainability preferences with product characteristics. Firms should refine target market determination and gather detailed client sustainability preferences, using statutory categories and minimum percentages where applicable.

    Policy & regulationGuidance & interpretationESG
  • 2025-12-10IrelandCentral Bank of Ireland

    Central Bank of Ireland publishes multi-year roadmap to streamline regulation and supervision including a new Gatekeeping Division

    The Central Bank of Ireland has released a roadmap to enhance its regulatory framework, focusing on reducing complexity and improving clarity while maintaining resilience. Key initiatives include aligning domestic regulations with EU frameworks, establishing a Gatekeeping Division for better authorisation processes, and reforming reporting and data collection. The programme emphasizes a risk-based supervisory approach with multidisciplinary teams and clearer communications.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-12-10CongoCongo Insurance Regulation and Control Authority

    Congo Insurance Regulation and Control Authority, with IMF support, reiterates insurers’ obligation to modernise prudential frameworks toward IAIS standards

    The Congo Insurance Regulation and Control Authority, with support from International Monetary Fund experts, emphasized the need to modernize prudential frameworks during an educational exchange with insurance company board chairpersons. The focus is on transitioning to risk-based supervision and aligning with International Association of Insurance Supervisors standards.

    Policy & regulationReform agendas & prioritiesSupervision process and methodologies
  • 2025-12-10GeorgiaNational Bank of Georgia

    National Bank of Georgia briefs IMF mission on monetary policy and financial stability and discusses future technical assistance

    The National Bank of Georgia's Governor Natia Turnava met with an International Monetary Fund (IMF) mission to discuss Georgia's monetary policy, financial stability, and macroeconomic outlook. The meeting also addressed future cooperation on IMF technical assistance. Participants included senior officials from the National Bank of Georgia and the IMF.

    Monetary policyMonetary policy assessments & outlooksCross-border cooperation
  • 2025-12-10GeorgiaInsurance State Supervision Service of Georgia

    Insurance State Supervision Service of Georgia hosts Solvency II workshop for licensed insurers to support shift to risk-based solvency

    The Insurance State Supervision Service of Georgia held a workshop in Tbilisi with licensed insurers to discuss the gradual introduction of a risk-based solvency system. The sessions, featuring Professor Karel van Hülle, focused on the European Union’s Solvency II framework and its implementation in Georgia. Attendees included heads of the Georgian Insurance Association and the Insurance Union.

    SupervisionSupervision approach, priorities & toolkitCapital adequacySupervision process and methodologies
  • 2025-12-10United StatesNational Credit Union Administration

    US National Credit Union Administration launches Deregulation Project and consults on four initial proposals including corporate credit union governance and removal of member information guidance

    The US National Credit Union Administration (NCUA) has proposed regulatory changes under its Deregulation Project, aiming to streamline Title 12, Chapter VII of the Code of Federal Regulations. Key proposals include amending corporate credit union rules, revising supervisory committee audit rules, and removing certain appendices related to member information security. Stakeholders are invited to review and comment on these proposals.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-12-10IndonesiaBank Indonesia

    Bank of Indonesia Retail Sales Survey projects November 2025 sales growth accelerating to 5.9% year on year

    Bank of Indonesia's Retail Sales Survey forecasts a 5.9% year-on-year increase in the Real Sales Index (RSI) for November 2025, up from 4.3% in October, driven by seasonal demand. Respondents also anticipate rising inflationary pressures, with the Price Expectations Index (PEI) for January 2026 increasing to 163.2 due to higher raw material costs and demand ahead of Ramadan. However, price pressures should ease by April 2026 as demand normalizes post-Eid-ul-Fitr.

    Data & statisticsEconomic data and developments
  • 2025-12-10EuropeEuropean Banking Authority

    European Banking Authority publishes final draft amendments updating CRR3 legal references in real estate risk weight assessment standards

    The European Banking Authority published final draft amendments to its Regulatory Technical Standards on risk weights for exposures secured by immovable property under the Standardised Approach, updating legal references to align with the revised Capital Requirements Regulation (CRR3). The amendments also address minimum loss given default values for retail exposures under the internal ratings-based approach, ensuring consistency with CRR3. Developed under Article 124(11) of Regulation (EU) 2024/1623, the RTS will be submitted to the European Commission.

    Policy & regulationRules & requirementsCredit risk
  • 2025-12-10LatviaMinistry of Finance (Latvia)

    Latvia's Ministry of Finance submits 2026–2027 FinTech development strategy to Cabinet targeting 30% more registered firms

    Latvia's Ministry of Finance and Latvijas Banka have submitted a 2026–2027 strategy to the Cabinet of Ministers to enhance the FinTech sector. The strategy targets a 30% increase in registered FinTech companies, 15% in new capital investment, and an 18% rise in FinTech-related jobs. Key measures include easing market entry, improving funding access, and promoting Latvia internationally, alongside existing support tools like a licensing regime for crypto-asset service providers.

    Policy & regulationReform agendas & prioritiesFintech and insurtech
  • 2025-12-10LatviaMinistry of Finance (Latvia)

    Latvia’s Ministry of Finance launches consultation on fund law amendments implementing EU Directive 2024/927

    Latvia’s Ministry of Finance and Latvijas Banka propose amendments to align national laws with EU Directive (EU) 2024/927, affecting fund operations, supervision, and liquidity risk management. The draft refines requirements for alternative investment fund managers, tightens delegation standards, and enhances cross-border service access. Parallel changes for investment management companies address operational, delegation, and liquidity risk management requirements.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-12-10LaosBank of the Lao

    Bank of the Lao formally launches the Rural Development Bank following conversion of the former Policy Bank

    The Bank of the Lao has launched the Rural Development Bank, transforming the former Policy Bank into a specialised commercial bank to support rural development and poverty reduction, aligning with national economic goals. The bank's mandate includes providing low-interest credit, borrower training, and expanding access to modern financial services, with a strategy extending to 2030 and a vision through 2035. Changes include updates to governance, legal arrangements, and its operating model to enhance flexibility and self-sustainability.

    Institutional developmentMandate & organizational structureOther
  • 2025-12-10United StatesFederal Housing Finance Agency

    Federal Housing Finance Agency reports three-year high in mortgage applications and continued narrowing in mortgage-Treasury spreads

    The Federal Housing Finance Agency reported a rise in mortgage applications to a three-year high and narrowing spreads between mortgage rates and US Treasuries, attributed to improving mortgage rates. The agency credited the Trump administration’s economic agenda and affirmed Director William Pulte's commitment to supporting affordable homeownership. The FHFA reiterated its regulatory role over Fannie Mae, Freddie Mac, and the 11 Federal Home Loan Banks, collectively providing over USD 8.5 trillion in funding for US mortgage markets.

    Other
  • 2025-12-10EuropeEuropean Systemic Risk Board

    European Systemic Risk Board publishes analysis of leverage risks in EU alternative investment funds and tests leverage limits and repo haircut floors

    The European Systemic Risk Board proposed a framework to monitor financial stability risks from leverage in EU-domiciled alternative investment funds, identifying hedge funds and liability-driven investment funds as most vulnerable. Using AIFMD, EMIR, and SFTR data, the analysis highlights significant leverage in 655 funds with gross exposures over EUR 1 trillion. Policy simulations suggest that leverage containment tools, such as gross leverage limits and repo haircut floors, could significantly impact hedge funds but have limited effects on LDI funds, underscoring the need for tailored policy design.

    Policy & regulationReform agendas & prioritiesPrudential risksFinancial stability and systemic risk
  • 2025-12-10CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario releases 2026 auto insurance injury claim indexation amounts with a 2.4 per cent increase

    The Financial Services Regulatory Authority of Ontario has announced a 2.4% increase in indexed benefit payments for auto insurance injury claims for 2026, reflecting inflation. This adjustment, based on Statistics Canada's Consumer Price Index, affects monetary and deductible amounts for court awards and specified benefits under the Statutory Accident Benefits Schedule.

    Policy & regulationRules & requirementsOther
  • 2025-12-10CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario launches consultation on its 2026-27 Statement of Priorities and five-year Strategic Framework

    The Financial Services Regulatory Authority of Ontario has launched a public consultation on its proposed 2026-27 Statement of Priorities and five-year Strategic Framework. Key proposals include modernizing internal systems, enhancing technology and data capabilities, and promoting principles-based regulation and collaborative partnerships. These will support FSRA's Annual Business Plan for submission to the Minister of Finance.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-12-10AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority consults on targeted amendments to CPS 230 to accommodate non-traditional service provider arrangements

    The Australian Prudential Regulation Authority (APRA) has initiated a consultation on amendments to CPS 230 Operational Risk Management to better address entities with significant arrangements with non-traditional service providers. These changes aim to streamline processes, reduce regulatory burden, and facilitate a smooth transition before CPS 230's implementation.

    Policy & regulationRules & requirementsOperational risk and resilienceOutsourcing and third-party risk management
  • 2025-12-10SwedenRiksbank

    Sweden's Riksbank keeps 2026 gold and foreign exchange reserve allocation unchanged and maintains USD 8bn and EUR 2bn currency hedges

    Sweden's Riksbank will maintain its strategic allocation of gold and foreign exchange reserves for 2026, despite 2025's exchange-rate fluctuations. The SEK 584 billion reserves are mainly in USD, EUR, GBP, AUD, and NOK, with hedging at USD 8 billion and EUR 2 billion. This strategy balances crisis preparedness with low risk and sufficient return, while hedging mitigates currency risk and earnings impact.

    Monetary policyMonetary policy framework & strategyForeign exchange policy and markets
  • 2025-12-10PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendency of Banking, Insurance and Private Pension Funds reports 5.2% credit growth and a 17.2% capital ratio in its Financial System Stability Report

    Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) released its Financial System Stability Report, highlighting credit growth, improved loan quality, and strong solvency and liquidity. As of September 2025, credit increased 5.2% year-on-year, with consumption lending up 7.0% and mortgages up 6.3%. The system's average global capital ratio was 17.2%, and stress tests confirmed resilience, with solvency above the regulatory minimum.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskCapital adequacyLiquidity risk
  • 2025-12-10AustriaAustria Financial Market Authority

    Austria Financial Market Authority sets 2026 supervisory priorities around efficiency, risk-based supervision and expanded financial sanctions oversight

    The Austria Financial Market Authority (FMA) outlined its 2026 goals, emphasizing resilience, risk-based supervision, and cost reduction through simplification. Key initiatives include a 25% reduction in data reporting costs, digital transformation via the "360 degree" platform, and addressing global threats like asset bubbles and geopolitical risks. From January 2026, the FMA will oversee financial sanctions supervision, aiming for a 25% synergy in combined inspections with anti-money laundering efforts.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2025-12-10Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns of fraudulent bank websites and phishing targeting six banks

    The Hong Kong Monetary Authority (HKMA) issued a scam alert about fraudulent websites, fake internet-banking login screens, and phishing emails targeting banks like The Bank of East Asia and The Hongkong and Shanghai Banking Corporation. The HKMA emphasized that 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's Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-12-10GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance projects debt-to-GDP at 138.2% in 2026 and under 120% by decade end

    Greece's Ministry of National Economy and Finance outlined a macro-fiscal outlook at the 2nd International TMEDE Conference, highlighting a shift to an investment-led growth model and deeper integration with European capital markets. Key points include a projected debt ratio decline to below 120% of GDP by the decade's end, a 2.4% growth forecast for 2026, and significant reforms and tax measures. The minister emphasized the Recovery and Resilience Fund model and a proposed Euronext acquisition of the Athens Stock Exchange to enhance liquidity.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-12-10GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance proposes a EUR 22.4bn National Development Programme and transfer of OPEKEPE to the Independent Authority for Public Revenue

    Greece's Ministry of National Economy and Finance proposed a draft law to establish a EUR 22.4bn National Development Programme (NDP) and transfer the Payment and Control Agency (OPEKEPE) to the Independent Authority for Public Revenue (AADE). The NDP focuses on infrastructure, digital and green transition, AI, crisis resilience, and social cohesion, with a comprehensive rulebook for its management. Additionally, the ministry plans to request a seventh Recovery Fund payment of EUR 1bn in grants and EUR 300m in loans, having received EUR 23.4bn so far.

    Policy & regulationRules & requirementsEconomic data and developments
  • 2025-12-10SloveniaCentral Bank of Slovenia

    Central Bank of Slovenia issues public guidance on verifying euro cash and handling suspected counterfeits

    The Central Bank of Slovenia issued guidance on verifying the authenticity of euro banknotes and coins, emphasizing the use of the FEEL-LOOK-TILT method for banknotes and FEEL-LOOK for coins. Despite advanced anti-counterfeiting technologies, the risk of counterfeit cash persists. The bank advises against accepting suspected counterfeits and recommends contacting the police if a counterfeit is suspected or received.

    Policy & regulationGuidance & interpretationCurrency and cash management
  • 2025-12-10Latin AmericaFinancial Action Task Force of Latin America (GAFILAT)

    Financial Action Task Force of Latin America holds training in Ecuador on sanctions regimes for AML CFT and proliferation financing breaches

    GAFILAT conducted a training in Quito, Ecuador, on sanctions for non-compliance with anti-money laundering, counter-terrorist financing, and proliferation financing obligations. Experts from Spain and GAFILAT delivered theoretical and practical modules on international standards and legal frameworks. Nearly 50 participants from eight supervisory and regulatory authorities attended.

    Institutional developmentCooperation & capacity building
  • 2025-12-10FinlandMinistry of Finance (Finland)

    Finland's Ministry of Finance backs the European Commission’s proposed war reparations loan for Ukraine ahead of Ecofin discussions

    Finland's Ministry of Finance detailed Finance Minister Riikka Purra’s agenda for the Eurogroup and Economic and Financial Affairs Council meetings in Brussels, focusing on Ukraine financing and euro area legislative files. The European Commission's proposed "war reparations loan" is seen as the most viable option for Ukraine support. Discussions will also cover the digital euro, euro cash status, and potential excessive deficit procedure for Finland.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-12-10CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission confirms SECURESY FUND RAIF has initiated dissolution and liquidation

    CySEC announced Mega Ploutos Fund Management Ltd has begun dissolving SECURESY FUND RAIF V.C.I.C. LTD under the Alternative Investment Funds Law of 2018. The fund will stay on CySEC’s RAIF Registry with an “under liquidation” notice until finalized. CySEC will remove the fund from the register upon completion and submission of all required documents.

    SupervisionAuthorisations & approvalsOther
  • 2025-12-10CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission confirms TECHGIANT RAIF has initiated dissolution and liquidation

    The Cyprus Securities and Exchange Commission (CySEC) announced that AIFCAP MANAGERS LTD has initiated the dissolution and liquidation of TECHGIANT RAIF V.C.I.C. LTD, a Registered Alternative Investment Fund (RAIF). The RAIF will remain on CySEC’s registry with a notice of "under liquidation" until the process is complete and all documents are submitted, as per Article 138(9) of the Alternative Investment Funds Law of 2018.

    SupervisionAuthorisations & approvalsOther
  • 2025-12-10GlobalBank for International Settlements

    Basel Committee publishes principles for banks’ sound management of third-party risk

    The Basel Committee issued Principles for managing third-party risk, setting a baseline for banks and supervisors. This framework addresses the banking sector's reliance on third-party providers amid digitalisation, replacing the 2005 Joint Forum paper on outsourcing. The Committee will monitor prudential developments in finance digitalisation and technology.

    Policy & regulationInternational standards & recommendationsOutsourcing and third-party risk management
  • 2025-12-10TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye sets January 2026 monthly maximum traffic insurance premium increase at 0.66%

    The Insurance and Private Pension Regulation and Supervision Agency of Türkiye clarified that the monthly maximum increase for motor third-party liability insurance premiums for January 2026 is set at 0.66%, countering media reports of high increases. Premiums are determined using variables such as vehicle type, risk level, and economic conditions, with a claims-cost index introduced in May 2024 to reflect current economic factors.

    Policy & regulationGuidance & interpretationOther
  • 2025-12-10TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye moves to finalise new participation insurance and private pensions regulation

    Türkiye's Insurance and Private Pension Regulation and Supervision Agency is finalizing a regulation on participation insurance and private pensions to broaden scope, enhance product diversity, and align with international standards. The draft includes detailed requirements for fund management, operating models, and compliance, focusing on AAOIFI standards. A six-month transition period is anticipated for firms to comply once enacted.

    Policy & regulationRules & requirementsOther
  • 2025-12-10KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan reports Debt-Free Society results and confirms moratorium on retail loan sales to collectors through 1 May 2026

    The Agency for Regulation and Development of the Financial Market of Kazakhstan reported on the Debt-Free Society project's 2025 outcomes, highlighting debt-resolution measures and a moratorium on loan sales to collectors until May 2026. Achievements include regulating KZT 754bn in debts for 703,000 borrowers and introducing credit tightening measures, slowing unsecured consumer lending growth to 13.2% in 2025. The Agency also announced a 2026 roadmap for further reforms, including enhanced consumer protection and a streamlined out-of-court bankruptcy process.

    Policy & regulationImplementation, projects & pilotsLendingFinancial inclusion
  • 2025-12-10KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan warns on clickbait-driven phishing and malware scams

    Kazakhstan's Financial Market Agency warned of fraudsters using clickbait in emails and messaging apps to lead users to phishing sites mimicking legitimate resources to capture credentials or bank details. Some messages prompt malware-laden app installations. Users should close suspicious pages, avoid downloading content, and use antivirus software and browser extensions for protection.

    SupervisionAlertsOther
  • 2025-12-10ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission closes Advanced Insurance Science Programme and reviews six proposals from AI-driven disaster reinsurance to ESG integration

    The Thailand Office of Insurance Commission concluded its Advanced Insurance Science Programme class 13, involving 150 senior executives, with six group research papers aimed at enhancing insurance supervision and market development. Proposals include an AI-driven disaster insurance mechanism, a central platform for health and insurance data integration, and a framework for strengthening ESG integration in insurance. Selected papers will be showcased at the International Insurance Symposium 2025.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-12-10ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission revokes a Thai Life Insurance agent’s licence over premium fraud case reportedly exceeding THB 100 million

    Thailand’s Office of Insurance Commission (OIC) revoked Ms. Janket Thapboon's life insurance agent licence for deceiving policyholders and misappropriating over THB 100 million in premiums. The OIC referred the case to Thailand’s Economic Crime Suppression Division for further investigation and instructed Thai Life Insurance Public Company Limited to assess the impact, address internal control weaknesses, and ensure premiums are paid directly to the company account.

    SupervisionAuthorisations & approvalsFraud and scams
  • 2025-12-10UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan hosts Anti-Corruption Day press conference with state-owned banks and outlines priorities on conflicts of interest, transparency and digitalization

    The Central Bank of the Republic of Uzbekistan held a press conference with state-owned commercial banks on International Anti-Corruption Day, emphasizing the prevention of corruption and conflicts of interest. The event highlighted priorities for enhancing anti-corruption measures in the banking system, alongside expanding digitalization and improving operational transparency.

    Policy & regulationReform agendas & prioritiesBribery and corruption
  • 2025-12-10Middle EastArab Monetary Fund

    Arab Monetary Fund convenes 20th high-level meeting on financial stability and supervisory priorities with FSI and Basel Committee

    The Arab Monetary Fund, with the Financial Stability Institute and Basel Committee on Banking Supervision, began the 20th High-Level Meeting on Financial Stability in Abu Dhabi. It addresses supervisory developments and risks in Arab financial systems, including stablecoin regulation and AI's role. Senior officials from central banks, regulatory authorities, commercial banks, credit rating agencies, fintech firms, and international bodies from about twenty Arab countries are attending.

    SupervisionCooperationFinancial stability and systemic riskSupervision process and methodologies
  • 2025-12-10IraqCentral Bank of Iraq

    Central Bank of Iraq governor urges modernisation of Iraq’s financial markets and highlights IQD 5 trillion annual bond issuance financing

    The Central Bank of Iraq's Governor, Ali Mohsen Al-Allaq, emphasized the need for accelerated development of Iraq’s financial markets to adapt to rapid technological and policy changes, highlighting efforts to digitize trading, enhance transparency, and stimulate domestic debt markets through bond issuances covering over 50% of financing needs at an annual rate of IQD 5 trillion.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-12-10BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance joins meeting with women insurance CEOs to discuss expansion, the new Insurance Law and data use

    The Brazilian Superintendence of Private Insurance (SUSEP) participated in a São Paulo meeting with women chief executives from the insurance sector, organized by Prudential of Brazil CEO Patrícia Freitas. SUSEP representatives emphasized the importance of direct engagement and expressed plans for more focused discussions. Key topics included sector expansion, the new Insurance Law, Opin, technological modernization, and data utilization.

    Policy & regulationCooperationDiversity and inclusion
  • 2025-12-10United Arab EmiratesNational Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)

    UAE's National Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation Financing Committee assesses rising cyber-enabled financial crime risks

    The UAE's National Anti-Money Laundering Committee and Themis assessed how artificial intelligence, virtual assets and digital payments are increasing exposure to cyber-enabled financial crime. The paper highlights more scalable fraud and money laundering methods and calls for stronger supervision, cyber intelligence and public-private coordination.

    ResearchAML and CFTArtificial intelligenceFintech and insurtech
  • 2025-12-10PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines establishes an independent review process for significant bank examination issues

    The Central Bank of the Philippines has issued guidelines for an independent review mechanism under Section 25 of the New Central Bank Act, establishing an Independent Review Committee (IRC) to evaluate significant supervisory issues affecting banks' safety and soundness. The IRC reports directly to the Monetary Board and excludes banks under certain corrective frameworks. Banks must submit requests within 10 banking days of examination milestones, with a non-refundable fee based on bank type.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2025-12-10BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority highlights legal certainty and ongoing regulatory refinement to support pension funds’ move into private equity

    The Brazilian Pension Funds Authority (PREVIC) emphasized legal certainty and regulatory improvements to enhance investment conditions for closed pension funds, anticipating a shift towards risk assets like private equity. PREVIC's Director of Standards, Alcinei Rodrigues, noted that while fixed income dominates, expected interest rate changes in 2026 could boost risk assets' importance. PREVIC is modernizing proposals and enhancing its risk-based supervision framework through public consultation and industry involvement.

    Policy & regulationReform agendas & prioritiesOther