-
2025-11-14•Europe•European Council
Eurogroup President Paschal Donohoe will deliver the keynote speech at the European Central Bank Forum on Banking Supervision in Frankfurt, focusing on "Shaping financial regulation in the era of distrust." Donohoe will highlight the euro area's resilience to recent shocks and emphasize the Single Supervisory Mechanism's role in stability, advocating for regulation that supports bank adaptation and innovation.
Other
-
2025-11-14•Europe•European Central Bank
The European Central Bank's weekly financial statement shows the Eurosystem balance sheet rose to EUR 6,157,668 million, with increased deposit facility and reduced monetary policy securities holdings. Euro area securities decreased to EUR 4,111,325 million, lending to credit institutions fell to EUR 19,861 million, banknotes in circulation declined to EUR 1,591,541 million, and liabilities to credit institutions related to monetary policy operations decreased to EUR 2,677,845 million.
Data & statisticsBalance of payments and other external statistics
-
2025-11-14•Estonia•Central Bank of Estonia
The Central Bank of Estonia's survey on residents' payment behaviour reveals high satisfaction with bank payment solutions but ongoing concerns about scams. While physical shops remain the primary venue for everyday purchases, there is a notable shift from physical bank cards to smartphones and smartwatches, particularly among younger consumers. Despite this trend, cash remains valued, and a cashless society is largely opposed.
Data & statistics
-
2025-11-14•Malaysia•Malaysia Securities Commission
The Securities Commission Malaysia released the Corporate Governance Monitor 2025, highlighting progress in adopting the Malaysian Code on Corporate Governance among public listed companies. Key findings include improved board governance indicators and sustainability practices, though challenges remain in gender diversity and remuneration disclosure. Insights from the monitor will inform revisions to the Code, focusing on board leadership, technology governance, and stakeholder engagement.
Policy & regulationGuidance & interpretationCorporate governance
-
2025-11-14•Malawi•Reserve Bank of Malawi
The Reserve Bank of Malawi, as liquidator of Alliance Capital Limited, has requested investors to submit identification and investment documents in person for record reconciliation. Failure to comply may delay future distributions. Submission windows are scheduled in Blantyre, Lilongwe, and Mzuzu in late November 2025.
SupervisionRegulatory reportingClient asset custody and safekeeping
-
2025-11-14•Brazil•Brazil Securities Commission (CVM)
Brazil’s Securities Commission (CVM) initiated a public survey to inform its 2026–2028 Open Data Plan, focusing on dataset prioritization for the CVM Open Data Portal. The survey aims to map data usage and gather feedback to enhance public access and data exchange with other public-sector entities.
Policy & regulationImplementation, projects & pilotsOther
-
2025-11-14•Albania•Albania Financial Services Authority
The Albania Financial Services Authority concluded the International Association of Insurance Supervisors' Annual Conference in Tirana, the first in the Balkans. Over 500 participants from 130 jurisdictions attended, focusing on risks, resilience, and supervisory consolidation in insurance markets. Key discussions included regulatory leadership and scalable insurance solutions to enhance financial resilience.
SupervisionCooperationCross-border cooperation
-
2025-11-14•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan attended an IMF regional event in Zurich on central bank governance and policy frameworks. Deputy Governor Ali Ahmadov discussed enhancing the monetary policy framework and macroeconomic stability, while Monetary Policy Department Director Azer Alasgarov outlined communication strategies and information disclosure initiatives. The event, from 10–12 November, was organized by the IMF’s Regional Capacity Development Center with support from the Swiss National Bank and Deutsche Bundesbank.
Policy & regulationCooperationMonetary policy decisions and developments
-
2025-11-14•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay published a Social Security Council notice listing admitted and rejected applicants in the competition to shortlist candidates for Superintendent of Retirement and Pensions. The update also opens a two-business-day period for objections and claims related to applications and document checks. After that review, the process will move to the final admitted list, curriculum assessment and interviews.
Institutional developmentWorkforce & recruitmentOther
-
2025-11-14•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Metro Pacific Tollways Corporation’s debt securities programme of up to PHP 20 billion, including a fixed-rate bond offering. The offer consists of a base amount of PHP 15 billion with an oversubscription option of up to PHP 5 billion, across three-year Series A, five-year Series B, and 10-year Series C bonds. Net proceeds, if fully subscribed, are expected to be around PHP 19.73 billion, aimed at funding tollway projects, debt refinancing, and other corporate purposes.
SupervisionAuthorisations & approvalsSecurities offerings and listings
-
2025-11-14•Global•United Nations Environment Programme Finance Initiative
The UNEP FI released the first progress report of the UN-convened NZECA and a paper on greenhouse gas accounting for trade finance, coinciding with COP30. The report highlights that all full members aim for net-zero emissions by 2050, with some advancing targets to 2045 and reporting emissions reductions. NZECA members have set intermediate decarbonization targets, ceased support for unabated fossil fuel energy, and are implementing sustainable finance instruments, with projects like Poland's Baltyk offshore windfarms exemplifying transition efforts.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
-
2025-11-14•Russia•Central Bank of Russia
The Central Bank of Russia participated in the 29th meeting of the Advisory Board on Foreign Exchange Policy of the central banks of Eurasian Economic Union member states, discussing economic conditions, monetary policy, and digital financial asset regulation. The meeting included representatives from Armenia, Belarus, Kazakhstan, and Kyrgyzstan. Governor Elvira Nabiullina also addressed the 13th Congress of Financiers of Kazakhstan.
Policy & regulationCooperationCross-border cooperation
-
2025-11-14•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority (PRA) has released a discussion paper on potential changes to the prudential framework, enabling UK life insurers to access alternative third-party capital via risk transfers to capital market investors. The exploratory paper addresses market feedback on traditional equity and debt accessibility and outlines potential structures and prudential issues. The PRA plans further work in 2026, including policy design and a cost-benefit analysis, with His Majesty’s Treasury.
Policy & regulationReform agendas & prioritiesCapital adequacy
-
2025-11-14•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee released a commentary by Rep. Monica De La Cruz on legislative efforts to address housing challenges, focusing on disabled veterans and federal housing spending transparency. The House passed the Disabled Veterans Housing Support Act to expedite housing access for disabled veterans. Additionally, the HUD Transparency Act was introduced to enhance accountability in federal housing expenditure.
Policy & regulationRules & requirementsOther
-
2025-11-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic approved three senior appointments for domestic banks, including Saltanat K. Alybaeva as Chair of the Audit Committee at CJSC Bank Asia. Nazgul A. Kadyrkulova was approved as Chief Accountant at OJSC O!Bank, and Salavat Z. Asanov as Deputy Chief Accountant at OJSC Keremet Bank.
SupervisionAuthorisations & approvalsLicence approval
-
2025-11-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined an exchange bureau in Bishkek KGS 55,000 for breaching Kyrgyz legislation and the bank's regulatory legal acts.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2025-11-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's chairman, Melis Turgunbaev, addressed the XIII Congress of Financiers of Kazakhstan, discussing monetary policy, payment system development, and the digital som. He emphasized maintaining tight monetary conditions due to high economic activity and inflationary pressure. Turgunbaev outlined the digital som's potential benefits, including cost reduction, faster settlements, and enhanced transaction transparency.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2025-11-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
National Bank of the Kyrgyz Republic chair Melis Turgunbaev participated in the 29th meeting of the Consultative Council on Currency Policy of Eurasian Economic Union central banks. The meeting in Almaty focused on the economic situation, monetary policy implementation, and regulation of digital financial assets and cryptocurrencies in EAEU member states.
Policy & regulationCooperationForeign exchange policy and markets
-
2025-11-14•Thailand•Thailand Securities & Exchange Commission
The Securities and Exchange Commission, Thailand participated in the 43rd ASEAN Capital Markets Forum Chairs Meeting in Malaysia, endorsing the ACMF Action Plan 2026–2030. As Chair of the Working Group on Collective Investment Schemes and Digital Asset Supervision, the SEC reported on cross-border investment management and digital asset supervision initiatives. The ACMF International Conference 2025 unveiled outputs, including the ASEAN Taxonomy for Sustainable Finance Version 4 and the ACMF Voluntary Carbon Market Development Plan.
Policy & regulationCooperationClimate risk and sustainable finance
-
2025-11-14•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission (SEC) urges GRAND25OA bondholders to review information and vote at an electronic meeting on 19 November 2025 regarding proposed waivers and amendments to bond terms. Key proposals include extending bond maturity by two years, increasing the interest rate, restructuring principal repayments, and altering early redemption and collateral release mechanics. Bondholders' representatives must assess the implications of these changes.
SupervisionInterventionsSecurities offerings and listings
-
2025-11-14•Malta•Central Bank of Malta
The Central Bank of Malta has signed an updated Memorandum of Understanding with the Malta Statistics Authority and the National Statistics Office to enhance cooperation on economic and financial statistics. The agreement emphasizes the exchange of statistical information and aims to strengthen collaboration in data compilation and sharing.
Institutional developmentCooperation & capacity buildingCross-border cooperation
-
2025-11-14•Malta•Central Bank of Malta
Central Bank of Malta Governor Edward Scicluna highlighted the resilience yet fragility of the global economy in his remarks at the Institute of Financial Services for Malta’s annual dinner. He noted Malta's economic growth surpasses the European Union average, with stable inflation, record low unemployment, and strong financial stability.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsFinancial stability and systemic risk
-
2025-11-14•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority has set the annual percentage adjustments for injury annuities for 2026, effective 1 January 2026. These adjustments are based on an index linked to changes in Sweden's price base amount and vary depending on the type of annuity and the timing of the injury and annuity determination. The information is primarily relevant for payers such as insurance companies and the Swedish Social Insurance Agency.
Policy & regulationRules & requirementsOther
-
2025-11-14•United States•U.S. Department of Justice
The U.S. Department of Justice indicted Guanhua Su, a Hong Kong businessman, for conspiring to file false investment adviser forms with the U.S. Securities and Exchange Commission (SEC) for shell entities used to mislead investors. Su allegedly promoted a NASDAQ-listed company with exaggerated returns, resulting in significant stock sales before a price drop. The SEC has filed related civil actions against several entities involved.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-11-14•United States•U.S. Department of Justice
The U.S. Department of Justice sentenced Travis Ford, CEO of Wolf Capital Crypto Trading LLC, to 60 months in prison for a cryptocurrency fraud conspiracy that raised approximately USD 9.4 million from 2,800 investors. Ford admitted to promising unrealistic returns and misappropriating funds, pleading guilty to conspiracy to commit wire fraud. Over USD 1 million in forfeiture and USD 170,000 in restitution were ordered.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-11-14•Pakistan•State Bank of Pakistan
State Bank of Pakistan Governor Jameel Ahmad outlined a decade-long transformation plan for Pakistan's banking system at the 10th Pakistan Banking Awards, emphasizing innovation, inclusion, and responsibility. He urged banks to focus on private-sector needs, particularly SMEs and small depositors, and highlighted priorities such as digitalization, AI integration, and climate risk management. Meezan Bank won the Best Bank Award, with other winners including The Bank of Punjab, Bank Alfalah, Kashf Foundation, Faysal Bank, and HBL.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
-
2025-11-14•Chile•Central Bank of Chile
The Central Bank of Chile has launched a new "Open Market Operations" chapter in its Statistical Database, consolidating previously dispersed information to enhance user access. This chapter includes data on liquidity management tools, interbank market transactions, debt instruments, foreign exchange operations, and liquidity measures. The reorganisation was spearheaded by the Department of Monetary and Financial Statistics.
Data & statisticsMonetary dataFinancial and market indicators
-
2025-11-14•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets adopted measures for capital markets and consumer protection, including new shareholder identification requirements and amendments to Central Securities Depository rules for T+1 settlement by September 2026. The Commission also made issuer-register decisions, including share removals and registrations, and concluded supervisory actions against an insurer and currency exchange units for legal breaches.
Policy & regulationRules & requirementsCorporate governance
-
2025-11-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) sanctioned seven Professional Sports Organizations for not meeting disclosure obligations under General Rule No. 201, imposing fines from UF 90 to UF 190 and issuing a censure. The CMF stressed the importance of timely financial reporting for transparency with both the CMF and the public. Additionally, the CMF informed the National Sports Institute about the delayed submissions for further action.
EnforcementSanctions & designationsAccounting and financial reporting
-
2025-11-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned five securities issuers for late financial statements, violating General Rule No. 30. Alfa Transmisora de Energia S.A. and Sociedad Agricola La Rosa Sofruco S.A. received censures, while fines were imposed on Inmobiliaria La Republica S.A. (UF 120), Sociedad Concesionaria Salud Siglo XXI S.A. (UF 125), and Sudmedica Quillota S.A. (UF 250). The CMF emphasized the importance of timely financial reporting for supervisory and market decision-making.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
-
2025-11-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has sanctioned Centella Transmision S.A., Distribuidora de Energia Electrica Mataquito S.A., and Transchile Charrua Transmision S.A. for breaching disclosure obligations. The entities failed to submit annual financial information as required under General Rule No. 475, according to Exempt Resolution No. 11,494.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
-
2025-11-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) will publish the certificate setting the Conventional Current and Maximum Interest Rates in the Official Gazette on 15 November. As required by Law No. 18.010, this information is also available on the CMF website in advance.
Policy & regulationRules & requirementsFinancial and market indicators
-
2025-11-14•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) held its 2025 Financial Services Sector Forum in Vancouver, discussing economic, technological, and policy impacts. BCFSA CEO Tolga Yalkin emphasized the shared responsibility of regulators and industry to maintain sector confidence. The event featured insights from British Columbia’s Minister of Finance and former Bank of Canada Governor, with panels on economic pressures and regulatory discussions on innovation and consumer protection.
Policy & regulationCooperationOther
-
2025-11-14•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority released CEO Tolga Yalkin’s remarks from the 2025 Financial Services Sector Forum, emphasizing public confidence as essential to a well-functioning financial system. Yalkin highlighted global pressures from volatility and technological changes, advocating for principles like fairness and transparency over prescriptive rules. The forum agenda included discussions on economic shifts and housing policy reforms, featuring speakers such as Stephen Poloz and regulators from Ontario and Quebec.
Policy & regulationGuidance & interpretationOther
-
2025-11-14•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority updated the 2025 Anti-Money Laundering Conference on enhancements in anti-money laundering and counter-terrorist financing efforts. Key changes include a new service location in Hamar, improved cooperation with public agencies, and revised supervisory processes. The authority also discussed implementing the EU's sixth anti-money laundering package and its observer role in the Authority for Anti-Money Laundering and Countering the Financing of Terrorism.
SupervisionSupervision approach, priorities & toolkitAML and CFT
-
2025-11-14•Canada•Alberta Securities Commission
The Alberta Securities Commission panel issued a decision extending an interim order against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaar, prohibiting them from trading in all securities until the enforcement proceeding concludes. The panel cited serious misconduct and attempts to circumvent the interim order as reasons for the extended restraints. A hearing on the merits is scheduled for March 2026.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-11-14•Canada•Alberta Securities Commission
The Alberta Securities Commission has extended an Interim Order against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaar, prohibiting them from trading in all securities until the enforcement proceeding is resolved. The panel cited serious allegations of fraud and attempts to circumvent a previous order, posing a risk to investors. A hearing on the merits is set for March 2026.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-11-14•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) outlined strategic tasks and major measures for the capital market under the 15th Five-Year Plan, emphasizing market resilience, inclusiveness, and quality of listed companies. Priorities include enhanced supervision, risk prevention, and deeper market opening, aligned with high-quality development and strict Party governance. Internal steps involve study, research, and planning to support implementation.
Policy & regulationImplementation, projects & pilotsOther
-
2025-11-14•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission's end-Q3 2025 indicators show balance-sheet growth and expanding inclusive finance lending, with stable commercial bank credit quality despite a slight rise in non-performing loans. Banking institutions reported total assets of CNY 474.3tn, and insurance companies' assets reached CNY 40.4tn. Key metrics include a commercial bank NPL ratio of 1.52%, a capital adequacy ratio of 15.36%, and insurance sector solvency adequacy ratios of 186.3% (comprehensive) and 134.3% (core).
SupervisionRisk monitoring & watch pointsLendingAsset quality
-
2025-11-14•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) president Roberto E. Silva discussed the CNV's deregulation roadmap at the 38th Banking Law Congress, focusing on regulatory innovation and capital markets simplification. Key points included efforts to exit the "cepo," streamline the rulebook, and apply flexible rules for issuers, alongside the Automatic Public Offering Regime and regulation of PSAVs. Silva's remarks were made with Central Bank of the Argentine Republic director Nicolás Ferro.
Policy & regulationReform agendas & prioritiesRegulatory burden
-
2025-11-14•Kazakhstan•National Bank of Kazakhstan
The National Bank of Kazakhstan highlighted discussions from the XIII Congress of Financiers of Kazakhstan on regulation amid digitalisation and AI. Governor Timur Suleimenov emphasized the central bank's infrastructure, including the digital tenge platform and the National Anti-Fraud Center, as key to Kazakhstan's cashless ecosystem. The congress also addressed monetary policy, financial stability, insurance market growth, and consumer protection.
OtherFintech and insurtechArtificial intelligence
-
2025-11-14•Vietnam•State Bank of Vietnam
The State Bank of Vietnam hosted a Fintech Connection event in Hanoi, emphasizing Open API for open banking and financial inclusion. Circular 64/2024, effective 1 March 2025, introduces the first legal framework for Open API, detailing roles and technical requirements for data sharing between banks and third parties. The circular aligns with broader digital transformation strategies and cross-sector laws, clarifying responsibilities and security standards.
Policy & regulationRules & requirementsFintech and insurtechOpen banking and finance
-
2025-11-14•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has released a plan for the Prime Minister’s National Action Programme to transition to cloud computing from 2025 to 2030. It prioritizes cloud deployment for new systems, aiming to migrate at least 70% of eligible systems. It mandates all commercial banks, foreign bank branches, and payment intermediaries use cloud services, emphasizing domestic providers and cybersecurity.
Policy & regulationImplementation, projects & pilots
-
2025-11-14•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, led by Governor Nguyen Thi Hong, clarified that the amended Deposit Insurance Law bill would permit both flat-rate and risk-based deposit insurance premiums, with the governor setting premium levels. The draft allows a shift from uniform to differentiated premiums to incentivize better-performing institutions. The SBV will define the scope of deposit insurer inspections to prevent overlap with its and other authorities' oversight of credit institutions.
Policy & regulationGuidance & interpretationOther
-
2025-11-14•India•Securities & Exchange Board of India
SEBI inaugurated the "Bharat Ka Share Bazaar" pavilion at the 44th India International Trade Fair in New Delhi to promote investor awareness and financial literacy. Established with key market institutions, it features Live Demo Zones and an Investor Service Centre offering real-time services and insights into SEBI's digital initiatives. Activities include expert talks, interactive quizzes, and demonstrations, highlighting safe investment practices and warning against fraudulent schemes.
Financial literacy & educationFinancial literacy and education
-
2025-11-14•South Korea•Bank of Korea
The Bank of Korea released preliminary Export/Import Price Indexes for October 2025, indicating a 4.1% month-on-month increase in export prices and a 1.9% rise in import prices on a Korean won basis. Year-on-year, export prices rose 4.8%, while import prices increased 0.5%. The Net Barter Terms of Trade Index improved by 3.9% compared to the previous year.
Data & statisticsEconomic data and developments
-
2025-11-14•United States•U.S. Department of the Treasury
The U.S. Treasury and Taiwan Central Bank will continue consultations on macroeconomic and foreign exchange issues, avoiding exchange rate manipulation for competitive advantage. They emphasized that macroprudential and capital flow measures won't target exchange rates, and foreign exchange interventions will address excessive volatility. Both parties pledged greater transparency through quarterly public disclosures of foreign exchange interventions and reserves data.
Policy & regulationCooperationForeign exchange policy and markets
-
2025-11-14•Armenia•Central Bank of Armenia
The Central Bank of Armenia's Deputy Governor, Hovhannes Khachatryan, participated in the XIII Congress of Financiers of Kazakhstan, discussing financial stability and digital transformation. He emphasized Armenia's strategies for maintaining stability and the role of digital technologies in enhancing financial system efficiency. The congress addressed economic uncertainty, digitalisation, market development, and consumer protection.
OtherCross-border cooperationFinancial stability and systemic risk
-
2025-11-14•Cayman Islands•Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority has implemented updated de-registration forms for mutual and private funds in the REEFS portal, effective 8 November 2025. The TMF-147-22 v2 and TRS-142-99 v2 forms replace previous versions, expanding scope to include private fund sub-funds and alternative investment vehicles. Email submissions for private fund de-registration are no longer accepted.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-11-14•Moldova•National Bank of Moldova
The National Bank of Moldova, supported by the European Union Delegation in Moldova, has released three videos detailing the benefits of Moldova's accession to the Single Euro Payments Area (SEPA). The videos emphasize reduced remittance fees, transparent euro transactions, and business advantages like access to European payment standards and lower transaction costs.
Financial literacy & educationCross-border payments
-
2025-11-14•Moldova•National Bank of Moldova
The National Bank of Moldova will host the seventh "Drumul banilor" financial education event on 28 November, coinciding with Moldovan leu day. The event aims to educate children and young people on the issuance and circulation of the national currency, featuring guided visits, exhibits on monetary history, and practical sessions on banknote security.
Financial literacy & educationFinancial literacy and education
-
2025-11-14•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its November 2025 Bahamas Registered Stock secondary market price sheet, detailing bid and ask prices and yields for its portfolio. The sheet includes ISIN-level quotes for fixed- and floating-rate securities with maturities from November 2025 to October 2054, and yields from 3.10% to 6.53%. Transactions occur at published prices, excluding accrued interest, with floating-rate securities resetting coupons biannually.
Monetary policyMonetary policy instruments & operationsFinancial and market indicators
-
2025-11-13•United States•U.S. Securities & Exchange Commission
Antonia M. Apps, Deputy Director of the Division of Enforcement (Northeast) at the U.S. Securities & Exchange Commission, will depart on 1 December 2025. Apps, who became Deputy Director in January 2025, previously served as Regional Director of the New York Regional Office, where she led significant enforcement and examination initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-11-13•France•France Autorite des marches financiers
France's ACPR and AMF issued a joint approach to help investment advisers and life insurance distributors implement EU sustainability preferences. Most advisory processes fall short, with clients not specifying preferences due to unclear classifications. They recommend simplified questionnaires with predefined options to ensure transparency and include at least one regulatory sustainability criterion.
Policy & regulationGuidance & interpretationESG
-
2025-11-13•Italy•Bank of Italy
The Bank of Italy released six Occasional Papers (Nos. 976–981) on Italy’s external sector, tax justice system, fintech and household finance, monetary policy under uncertainty, redistribution, and digital banking. Key topics include the resilience of Italy’s external sector, the tax justice system's functioning, robo-advisors, monetary policy implications of uncertainty, redistributive effects of in-kind transfers, and households’ digital banking usage.
ResearchFintech and insurtech
-
2025-11-13•Italy•Bank of Italy
The Bank of Italy's Note on Financial Stability and Supervision finds that the 40% reduction in Italy's bank branches from 2008 to 2022 has not impaired households' access to financial services. Despite the decline, over 97% of households held a bank or post office deposit account in 2022, aided by postal services and digital banking. However, age-related disparities persist, with only 25% of households led by individuals over 65 using digital banking compared to 66% of younger households.
ResearchFinancial inclusion
-
2025-11-13•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority revoked Fas Finance Company's license for consumer microfinance using financial technology in Saudi Arabia. This action followed the company's request to cancel its license after completing liquidation and cancelling its commercial register.
SupervisionAuthorisations & approvalsLicence withdrawal
-
2025-11-13•France•France Autorite des marches financiers
France's Financial Markets Authority and Prudential Supervision and Resolution Authority have established a joint approach to help market professionals integrate clients' sustainability preferences under the Insurance Distribution Directive and MiFID II. This initiative aims to simplify compliance while ensuring high client protection and aligning sustainable finance with savers' expectations.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
-
2025-11-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority reported a crime to the Attorney General involving non-compliance by a former Boursa Kuwait-listed company and its chairman under Article (127) of Law No. 7 of 2010. The company failed to pay a fine mandated by a Disciplinary Board decision, despite being legally notified on 17 September 2025.
EnforcementInvestigations & enforcement actionsWhistleblowing
-
2025-11-13•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission imposed a temporary ban on Harisson Management Limited's tender offer for Aroma AD shares due to incomplete documentation. It also refused to examine three crypto-asset service provider applications for the same reason and registered a TBI Bank EAD bond issuance for trading. Additionally, the Commission advanced proposed amendments to its fee framework.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
-
2025-11-13•Colombia•Central Bank of Colombia
The Central Bank of Colombia announced the Unidad de Valor Real (UVR) values for the period from 16 November 2025 to 15 December 2025, as detailed in Board of Directors Bulletin 40 of 2025. This follows External Resolution No. 13 of 2000.
Monetary policyOther
-
2025-11-13•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has approved Erste Asset Management d.o.o. (Zagreb) to publicly offer and trade units of the UCITS fund Erste Horizont II in Montenegro. The fund, maturing on 26 September 2028, targets a minimum total return of 4.35% and primarily invests in debt securities and money market instruments.
SupervisionAuthorisations & approvalsSecurities offerings and listings
-
2025-11-13•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reported a decline in retail investor engagement in Q2 2025, with decreases in active investors and transactions across shares, ETFs, and bonds. About 200,000 retail investors traded shares, 110,000 traded ETFs, and 16,000 traded bonds, all down from the previous quarter. The FSMA noted potential seasonal effects and increased reporting coverage as factors influencing these figures.
Data & statisticsActivity and performance reporting
-
2025-11-13•Italy•Bank of Italy
Bank of Italy Deputy Governor Sergio Nicoletti Altimari delivered a keynote speech on systemic risk at the Roma Tre–Unidroit conference, focusing on governance in a risk society.
Policy & regulationGuidance & interpretationRisk analysis and outlook
-
2025-11-13•Italy•Bank of Italy
The Bank of Italy hosted a workshop on "Supervision in the field of AML/CFT: results and outlook" to discuss findings from recent supervisory analyses and European Anti Money Laundering Package implementation efforts. Organized by the Anti-Money Laundering Supervision and Regulation Unit, it included participants from trade and labour associations, leading intermediaries, other supervisory authorities, and Italy’s Financial Intelligence Unit. Workshop presentations are available online.
SupervisionSupervision approach, priorities & toolkitAML and CFT
-
2025-11-13•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) held a financial education session at Universitas Hindu Indonesia, emphasizing financial literacy as a defense against illegal investments under its "2L" principle. OJK's Inarno Djajadi highlighted that Indonesia's capital market has 19 million investors, with over 54% under 30, and noted Bali's significant investor base. The session was part of Bali's 2025 Regional Financial Access Acceleration Team programme, which included 19 educational activities and the Bali Stock Trading Competition 2025.
Financial literacy & educationFinancial literacy and education
-
2025-11-13•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand (RBNZ) reported progress on financial stability and payments initiatives, including a review of capital settings, consultation on the term "bank," and a payments modernisation strategy. Key developments include establishing a Financial Policy Committee, setting a lower minimum capital requirement for deposit takers, expanding settlement system access, and publishing climate risk management guidance.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
-
2025-11-13•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated civil penalty proceedings against SQM Research Pty Ltd in the Federal Court for allegedly misleading representations in its investment research reports on the Shield Master Fund. ASIC claims SQM Research failed to obtain necessary information, misrepresented ratings, and understated related party fund management and asset allocation, affecting around 5,800 investors. This is ASIC's first action against a research house, emphasizing expectations for rigorous due diligence as outlined in its recent private credit surveillance report and Regulatory Guide 79.
EnforcementInvestigations & enforcement actions
-
2025-11-13•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has outlined its 2026 enforcement priorities, focusing on misleading pricing, poor private credit practices, financial reporting misconduct, and insurance claims handling failures. Ongoing priorities include insider trading, predatory credit practices, and superannuation trustee failures. ASIC noted a significant increase in investigations and court actions, with recent outcomes including AUD 240 million in proposed penalties against ANZ and a 14-year fraud sentence, while the Shield and First Guardian investigations remain a priority.
EnforcementEnforcement frameworkAuditingCorporate governance
-
2025-11-13•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) seeks Federal Court approval to proceed against MWL Financial Services Pty Ltd, former director Nicholas Maikousis, and Imperial Capital Group Australia Pty Ltd for alleged misconduct in financial advice and superannuation rollovers. ASIC claims MWL advised clients to invest AUD 114 million without ensuring compliance with best-interest obligations, and Imperial misrepresented MWL’s services. ASIC aims for declarations, civil penalties, and disqualification of Mr. Maikousis from corporate management.
EnforcementInvestigations & enforcement actions
-
2025-11-13•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated civil penalty proceedings against Interprac Financial Planning Pty Ltd in the Federal Court for oversight and compliance failures related to investments in the collapsed Shield Master Fund and First Guardian Master Fund. ASIC alleges failures in compliance with best interests obligations, risk management, and addressing issues like reliance on external research. ASIC seeks declarations, civil penalties, and orders to restrain Interprac from operating a financial services business, with separate proceedings against former representatives also underway.
EnforcementInvestigations & enforcement actionsCorporate governanceCompliance
-
2025-11-13•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) participated in an IOSCO training on surveillance and detecting illicit activities involving crypto and virtual assets. The NSSMC aims to join IOSCO’s Multilateral Memorandum of Understanding (MMoU) and Extended MMoU to enhance supervision and information exchange, having applied in May 2025 after adopting Law No. 3585-IX.
SupervisionCooperationAML and CFTCross-border cooperation
-
2025-11-13•Türkiye•Central Bank of Türkiye
The Central Bank of Türkiye hosted the Financial Stability Board Regional Consultative Group for the Middle East and North Africa meeting in Istanbul, focusing on financial stability topics like global and regional vulnerabilities and emerging risks. Officials from various countries and international organizations discussed debt sustainability, non-bank financial intermediaries, and artificial intelligence in finance. Members also exchanged information on the FSB’s 2025 work and 2026 priorities.
Policy & regulationCooperationFinancial stability and systemic riskArtificial intelligence
-
2025-11-13•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) research shows Dutch households invest 23% of their freely disposable assets in capital markets, below the European average of 36%. Despite significant overall investment, 70% of Dutch household investments occur outside the EU, mainly via pension funds and insurers. DNB cites barriers to increasing EU investments, including a strong saving culture and complex cross-border regulations.
Research
-
2025-11-13•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released a report advocating for scenario thinking in capital markets supervision, strategy, and risk management. The AFM highlights rising systemic risks due to market complexity and interdependence, citing events like COVID-19 and the London Metal Exchange nickel incident. It emphasizes the need for a system-wide supervisory approach in Europe to address potential vulnerabilities.
Policy & regulationGuidance & interpretation
-
2025-11-13•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released its Sector in Beeld 2025 report, offering insights into the accountancy sector and supervision of issuers' financial reporting. Key findings include increased specialist consultations during statutory audits and more written policies for root-cause analyses at audit firms. The report also notes a decline in desktop reviews generating reporting questions, with follow-up actions in some cases.
ResearchAccounting and financial reporting
-
2025-11-13•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released its Trendzicht 2026 outlook, warning that financial market resilience may be unstable due to geopolitical tensions and cryptoasset integration. The report highlights reliance on dominant non-European providers and urges stronger European cooperation and capital market development. Additionally, the AFM examines scenario thinking and hyperpersonalisation in capital markets, noting opportunities and challenges in using personalisation for customer benefit.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskGeopolitical risk
-
2025-11-13•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) released an analysis on hyperpersonalisation in online financial environments, noting limited current use but potential consumer benefits. The AFM plans to collaborate with the sector to responsibly deploy these tools, addressing practical barriers and legal uncertainties. It aims to enhance supervision over personalised choice environments and their consumer impacts.
ResearchFintech and insurtechArtificial intelligence
-
2025-11-13•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay highlighted advancements and challenges in its anti-money laundering and counter-terrorist financing framework, emphasizing quality information from reporting entities. Fernando Fuentes noted increased volume and quality of Suspicious Transaction Reports due to better understanding and compliance. He discussed artificial intelligence tools' potential to improve analysis and stressed responsible implementation and interinstitutional cooperation.
Policy & regulationGuidance & interpretationRegulatory reportingSupervisory data
-
2025-11-13•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay hosted the "Central para Vos" event under its BCUEduca Economic and Financial Education Programme for third-year upper secondary students. It featured interactive activities on economic roles, credit and debt management, market pricing, purchasing power, and banknote security. President Guillermo Tolosa and Director Julio Luis Sanguinetti emphasized the importance of central bank credibility for monetary stability.
Financial literacy & educationFinancial literacy and education
-
2025-11-13•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
MONEYVAL Chair Nicola Muccioli presented findings from the fifth round of evaluations at the European AML/CTF & Financial Crime Conference, emphasizing the need for more effective money laundering investigations and prosecutions. He highlighted challenges from emerging technologies and sophisticated cross-border financial crime, advocating for risk-based, intelligence-driven responses. The upcoming sixth round will focus on jurisdictions' effectiveness in combating illicit flows, with political commitment, resourcing, and inter-agency cooperation as critical enablers.
Policy & regulationPeer reviews and country evaluationsAML and CFT
-
2025-11-13•West Africa•Central Bank of West African States
The Central Bank of West African States published a list of entities authorized to offer PI-SPI services to the public as of 13 November 2025.
SupervisionAuthorisations & approvalsLicence approval
-
2025-11-13•West Africa•Central Bank of West African States
The Central Bank of West African States has launched a developer sandbox for the Business API of the Interoperable Platform of the West African Economic and Monetary Union’s Instant Payment System. This test environment allows enterprises and IT solution providers to securely test solutions in compliance with international payment system standards. It includes technical documentation, integration guides, and a support centre.
Policy & regulationImplementation, projects & pilotsFintech and insurtechPayments and payment systems
-
2025-11-13•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS) conducted a training session for insurance intermediaries in the Laâyoune-Sakia El Hamra region, focusing on professional practices and regulatory awareness. Key topics included the mandatory implementation of All Risks Construction Insurance and Ten-Year Civil Liability Insurance, a new instruction on managing claims against intermediaries, and a survey on commercial practices.
SupervisionOtherSupervision process and methodologies
-
2025-11-13•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and Dubai's Virtual Assets Regulatory Authority (VARA) signed a Memorandum of Understanding to enhance cooperation on digital asset regulation. The MoU focuses on information sharing, capacity building, cross-border supervision, and improving anti-money laundering and counter-terrorist financing standards. It aims to strengthen consumer and investor protection through enhanced supervisory and data-exchange cooperation.
Policy & regulationCooperationCross-border cooperation
-
2025-11-13•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico's Ministry of Finance, with the US Treasury's OFAC and FinCEN, blocked financial operations linked to the Pacific Cartel and money laundering. OFAC designated 26 parties, and Mexico identified five more, totaling 31 on the Blocked Persons List. Irregular operations over MXN 1 billion involved casinos, restaurants, and entertainment businesses, leading to complaints for suspected money laundering and tax offences.
EnforcementSanctions & designationsNew sanctions designations
-
2025-11-13•Georgia•National Bank of Georgia
First Vice Governor Ekaterine Mikabadze of the National Bank of Georgia participated in an IMF-organized event in Zurich on central bank governance and policy frameworks. Mikabadze shared Georgia's risk-based approach to monetary policy management, emphasizing effectiveness and accountability. The event, co-organized by the Swiss National Bank and Deutsche Bundesbank, included discussions on best practices and institutional development.
Policy & regulationCooperationOther
-
2025-11-13•Georgia•National Bank of Georgia
Governor Natia Turnava of the National Bank of Georgia highlighted the bank's dedication to competition and consumer protection at the 4th International Conference on Competition and Consumer Protection. The bank has strengthened its Consumer Rights Protection Department with a market conduct supervision function for proactive monitoring. A new program with the World Bank also aims to expand access to finance for women-led businesses.
Policy & regulationGuidance & interpretationConsumer and investor protection
-
2025-11-13•China•Ministry of Finance (China)
China's Ministry of Finance and the People's Bank of China will include electronic savings bonds as eligible personal pension products from June 2026. Authorized institutions must offer these bonds through personal pension fund accounts, following operational rules and quota management. System upgrades and compliance with reporting requirements are required, with non-compliance subject to regulatory action.
Policy & regulationRules & requirementsOther
-
2025-11-13•Georgia•Insurance State Supervision Service of Georgia
The Insurance State Supervision Service of Georgia is co-organizing the IV International Conference on Competition and Protection of Consumer Rights in Georgia from November 13–15. The event, with participation from international organizations and agencies from 20 countries, aims to enhance competition policy and consumer rights protection in Georgia. A memorandum of cooperation between competition and consumer protection agencies will be signed to bolster collaboration.
Policy & regulationCooperationCompetition and market structureConsumer and investor protection
-
2025-11-13•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan and the Pakistan Bureau of Statistics signed a memorandum of understanding to enhance cooperation through data sharing and capacity building. The agreement facilitates automated data exchange to improve evidence-based policy planning and national economic assessments. Information sharing will occur via digital and traditional methods, supporting each institution's mandate under applicable laws.
Policy & regulationCooperationOther
-
2025-11-13•China•Central Bank of the Republic of China
The Central Bank of the Republic of China released preliminary October 2025 monetary and financing statistics, showing total social financing at CNY 437.72 trillion, up 8.5% year on year, and broad money (M2) at CNY 335.13 trillion, up 8.2%. RMB loans to the real economy reached CNY 267.01 trillion, while government bonds rose to CNY 93.03 trillion. The data reflects methodological changes, including a revised M1 definition and expanded statistics coverage.
Data & statisticsMonetary data
-
2025-11-13•Norway•Department of Finance (Norway)
Norway's Ministry of Finance mandates real estate brokerage firms to conduct formal suitability assessments for all real estate agents and settlement assistants, extending beyond new hires. Effective mid-2025, firms must notify the Norwegian Financial Supervisory Authority by 1 January 2027. These assessments, including a police certificate, aim to prevent economic loss and maintain confidence in property transactions.
Policy & regulationRules & requirementsOther
-
2025-11-13•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a decline in the current account balance surplus to EUR 352.3 million in September 2025, from EUR 522.2 million in August, due to a significant increase in the goods trade deficit. Goods imports rose by 16.5%, outpacing an 8.3% rise in exports, while services exports and imports grew by 11.9% and 3.8%, respectively, expanding the services surplus by 21.5% to EUR 1.1 billion. Net financial account investment flows were negative at EUR 91.8 million, mainly due to negative net flows in direct and portfolio investments.
Data & statisticsBalance of payments and other external statistics
-
2025-11-13•Croatia•Ministry of Finance (Croatia)
The Croatian Ministry of Finance reported on its participation in Eurogroup and ECOFIN meetings, highlighting discussions on the euro area outlook, fiscal coordination, and banking union oversight. ECOFIN agreed to abolish customs duty exemptions for imports up to EUR 150 and amended several Recovery and Resilience Plans. Ministers also addressed the digital euro, stable cryptocurrencies, and revisions to the Energy Taxation Directive, committing to finalize a digital euro agreement by end-2025.
Policy & regulationRules & requirementsCross-border cooperation
-
2025-11-13•United States•Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council, Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency released 2024 data on small business, small farm, and community development lending under the Community Reinvestment Act regulations. The release includes aggregate reports for each metropolitan statistical area and county in the U.S. and its territories, with supporting data tables and a fact sheet.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-11-13•Laos•Bank of the Lao
The Bank of the Lao held a seminar for its youth grassroots organisation, focusing on the LFX foreign exchange market and deposit protection. Over 100 participants attended to enhance technical capabilities and promote regulated foreign-currency exchange through the LFX mechanism. The event supports the youth organisation's end-2025 activity plan.
Institutional developmentCooperation & capacity buildingOther
-
2025-11-13•Laos•Bank of the Lao
The Governor of the Bank of the Lao outlined banking-sector priorities for the 2026–2030 monetary plan, targeting foreign-exchange reserves covering five months of imports, a non-performing loans ratio under 3%, and average inflation of 5% (plus 2%). Challenges include enforcing foreign-exchange rules and addressing inflation drivers like exchange rates and fuel prices. Strategies to enhance reserves include strengthening the banking system, promoting exports, and improving external-debt management.
Monetary policyMonetary policy framework & strategyOther
-
2025-11-13•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina reported on a lecture at the University of Zenica Law Faculty, highlighting consumer protection in financial services. Ombudsmen Lejla Smajović and Đanela Zeco discussed complaint-handling and protection mechanisms, using practical examples to educate students on users' rights and obligations.
Financial literacy & educationConsumer and investor protection
-
2025-11-13•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina has repealed its previous decision on special measures for banks in response to the October 2024 floods. This decision was published in the Official Gazette of the Federation of Bosnia and Herzegovina No. 87/25.
Policy & regulationRules & requirementsOther