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  • 2025-11-11GlobalIOSCO

    International Organization of Securities Commissions publishes final report mapping tokenized financial asset use cases, risks and regulatory responses

    The International Organization of Securities Commissions (IOSCO) released a report on tokenizing financial assets, examining distributed ledger technology's impact on market integrity and investor protection. Prepared by IOSCO’s Fintech Task Force, it identifies challenges like interoperability issues and legal uncertainties, while noting potential efficiency gains. IOSCO urges members to apply its crypto and digital asset policy recommendations to tokenized assets, emphasizing consistent regulatory outcomes.

    Policy & regulationInternational standards & recommendationsTokenization
  • 2025-11-11GlobalISDA

    International Swaps and Derivatives Association and the Credit Derivatives Governance Committee launch tender for independent administrator of Credit Derivatives Determinations Committees

    The International Swaps and Derivatives Association (ISDA) and the Credit Derivatives Governance Committee have invited tenders for an independent regulated entity to administer the Credit Derivatives Determinations Committees, including the DC secretary role. The administrator will manage DC processes, build a new DC website, and collaborate on rule improvements, with submissions due by January 9, 2026, and the successful bid announced in Q1 2026.

    Policy & regulationImplementation, projects & pilotsMarket infrastructure
  • 2025-11-11NigeriaCentral Bank of Nigeria

    Central Bank of Nigeria reports October 2025 composite PMI rises to 55.4 on broad-based expansion

    The Central Bank of Nigeria's October 2025 Purchasing Managers’ Index (PMI) report shows a rise in the composite PMI to 55.4, marking the eleventh consecutive month of economic expansion. Sector PMIs for Industry, Services, and Agriculture remained in expansionary territory, with Agriculture showing the longest expansion streak. Key indicators like output, new orders, and employment expanded, while the Agriculture sector recorded the largest gap between input and output prices.

    Data & statisticsEconomic data and developments
  • 2025-11-11HungaryNational Bank of Hungary

    National Bank of Hungary Governor highlights Budapest Stock Exchange’s 35% BUX rise and record HUF 115 trillion household wealth

    Governor Mihály Varga of the National Bank of Hungary emphasized the Budapest Stock Exchange's (BSE) role in regional economic development at the 10th anniversary of the "BÉT50 – Fifty Prosperous Hungarian Companies" publication. He noted a 35% rise in the BUX index in 2025 and highlighted household savings' importance in capital markets, with Hungarian households' financial wealth reaching HUF 115 trillion in Q2 2025. Varga also discussed the BSE's expanding securities offerings and a cooperation agreement to enhance research on corporate growth and support SMEs through the BÉT50 programme.

    OtherMarket development
  • 2025-11-11HungaryNational Bank of Hungary

    National Bank of Hungary releases Bank Sentiment Survey showing stable mid-2025 conditions and improving outlook

    The National Bank of Hungary's October 2025 Bank Sentiment Survey showed banks viewed their operating environment as unchanged despite a worsening macroeconomic climate, tighter regulation, and lower profitability. Intensifying competition and stronger demand for banking products supported banks, with expectations for improvement in the next six months. Large banks noted weaker corporate creditworthiness but anticipated rising credit demand, especially in household lending, while regulatory tightening mainly affected medium-sized and small banks.

    Data & statisticsEconomic data and developments
  • 2025-11-11EswatiniCentral Bank of Eswatini

    Central Bank of Eswatini publishes September monetary aggregates and reports October reserves jump to SZL 14.4 billion

    The Central Bank of Eswatini's September/October 2025 Monthly Statistical Release highlights continued growth in private sector credit and broad money, alongside a weaker banking system liquidity position. Private sector credit rose 2.1% month-on-month to SZL 21.7 billion, while broad money supply increased 0.2% to SZL 26.0 billion. Provisional gross official reserves surged to SZL 14.4 billion in October, enhancing import cover to 3.4 months.

    Data & statisticsMonetary data
  • 2025-11-11NigeriaCentral Bank of Nigeria

    Central Bank of Nigeria publishes October 2025 expectations survey with confidence index up to 38.5

    The Central Bank of Nigeria's October 2025 Expectations Survey Report shows increased optimism among firms, with the Confidence Index rising to 38.5 from 31.5 and projected to reach 52.5 in six months. Industry leads with a 40.0 index point outlook, while Mining and Quarrying show the highest business confidence and capacity utilisation. Regional optimism varies, with the North-East at 56.1 index points and the South-South at 23.3, amid concerns over insecurity, power supply, and taxation.

    Data & statisticsEconomic data and developments
  • 2025-11-11United KingdomHM Treasury

    UK's HM Treasury issues payments regulation recommendations to the Financial Conduct Authority and Payment Systems Regulator and publishes joint delivery update

    HM Treasury has issued recommendations for the FCA and PSR to align payments regulation with government growth goals in the National Payments Vision. They emphasize reducing regulatory congestion, enhancing Open Banking and Finance, and maintaining consumer protection. The joint FCA-PSR response highlights early consolidation of PSR functions into the FCA, revised cooperation, and progress on retail payments infrastructure and fraud reimbursement.

    Policy & regulationGuidance & interpretationPayments and payment systems
  • 2025-11-11United StatesFederal Reserve Board

    Federal Reserve Board Governor Barr describes enterprise-wide AI governance and flags financial stability risks from rapid AI adoption

    Federal Reserve Board Governor Michael S. Barr discussed generative AI's transformative potential in central banking, emphasizing robust risk controls. He noted AI's rapid integration in finance for credit decision support, fraud detection, and trading, while addressing risks like bias and systemic threats. The Federal Reserve is advancing AI adoption through a comprehensive program, focusing on technology modernization and assessing AI's impact on economic and financial stability.

    Policy & regulationGuidance & interpretationArtificial intelligence
  • 2025-11-11AlbaniaBank of Albania

    Bank of Albania governor reaffirms inflation-targeting and EU regulatory convergence agenda in centennial conference address

    Governor Gent Sejko of the Bank of Albania emphasized price stability and continuity in monetary policy at the centennial conference, advocating for an inflation-targeting regime with a freely floating exchange rate. He highlighted the central bank's commitment to adopting the EU's regulatory framework and enhancing financial integration, while addressing challenges like geopolitical fragmentation and rapid financial innovation. The Bank also issued a commemorative coin for its 100-year anniversary.

    Monetary policyMonetary policy framework & strategyOther
  • 2025-11-11EgyptEgypt Financial Regulatory Authority

    Egypt's Financial Regulatory Authority requires investment fund administration firms to electronically link databases for real-time supervision

    Egypt's Financial Regulatory Authority (FRA) mandates investment fund administration service companies to establish technology and information-security infrastructure for electronic database connectivity with the FRA. This initiative aims to enhance real-time oversight of investment funds, requiring firms to provide detailed fund and unit-holder information under strict confidentiality and technical controls. Upon completion, the FRA will offer real-time investment fund unit prices on its I Invest website.

    Policy & regulationRules & requirementsSupervision process and methodologiesRegtech and suptech
  • 2025-11-11GlobalInternational Monetary Fund

    International Monetary Fund outlines legal foundations for retail and wholesale central bank digital currencies

    The International Monetary Fund has outlined the legal foundations jurisdictions should assess before issuing retail or wholesale central bank digital currencies. The guidance calls for clear issuance mandates, protection of CBDC holders, effective oversight of platforms and intermediaries, and legal certainty over token transfers and settlement finality. It does not recommend CBDC issuance.

    Policy & regulationGuidance & interpretationCBDCPayments and payment systemsCompliance
  • 2025-11-11ChileChile Financial Market Commission

    Chile Financial Market Commission amends technical reserve rules for Disability and Survivors' Insurance to align methodology with IFRS and Solvency II

    The Chile Financial Market Commission amended General Rule No. 243 on technical reserves for Disability and Survivors' Insurance, updating calculation methodologies to enhance consistency and align with international standards. Key changes include adjustments to premium sufficiency tests, reserve models for claims in settlement, and methodologies for incurred and unreported survival claims. The final regulation reflects public consultation feedback and is detailed in an accompanying Regulatory Report.

    Policy & regulationRules & requirementsAccounting and financial reporting
  • 2025-11-11ChileChile Financial Market Commission

    Chile Financial Market Commission warns of unregulated predatory loan apps and files criminal complaint

    The Chile Financial Market Commission issued a public warning about predatory loan offers promoted through unsupervised mobile applications and filed a criminal complaint against those responsible. The alert identifies five apps, including DALE CRÉDITO - PRÉSTAMO VELOZ and SR LUMINALOAN, and directs the public to the CMF's Fraud Alerts Page for verification of CMF supervision and alerts on unregulated entities.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-11-11ChileChile Financial Market Commission

    Chile Financial Market Commission files fraud complaints and warns about seven fake lenders claiming CMF supervision

    The Chile Financial Market Commission (CMF) warned about seven entities falsely claiming CMF supervision and requesting advance payments for loans that never materialize. The CMF filed complaints with the Public Prosecutor’s Office for alleged fraud involving entities like Cooperativa Nordsee Capital and Partners Financial. The CMF advised the public to use its Fraud Alerts Page to verify the legitimacy of financial service providers.

    SupervisionAlertsFraud and scams
  • 2025-11-11United Arab EmiratesMinistry of Finance (United Arab Emirates)

    United Arab Emirates Ministry of Finance and Dubai Finance execute first government transaction using the Digital Dirham via mBridge

    The UAE Ministry of Finance and Dubai Finance completed the first government financial transaction using the Digital Dirham with the UAE Central Bank. This pilot, part of the Digital Dirham project under the Central Bank’s Financial Infrastructure Transformation Programme, was executed through mBridge, a multi-central bank digital currency platform. The initiative aims to enhance settlement speed, reduce operational costs, and improve transparency and accuracy in government payments.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-11-11ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission outlines 15th Five-Year priorities centred on risk prevention and stronger financial supervision

    The China Banking and Insurance Regulatory Commission held a briefing to outline its strategy following the Communist Party's recent decisions for the Fifteenth Five-Year Plan. Director Li Yunze emphasized preventing financial risks, strengthening supervision, and supporting high-quality development. The briefing highlighted maintaining Party leadership over financial work and advancing self-governance, with priorities including optimizing the financial institution system.

    Policy & regulationGuidance & interpretationOther
  • 2025-11-11QatarQatar Financial Centre

    Qatar Financial Centre Authority signs MoU with Türkiye’s Investment and Finance Office to promote cross-border investment and market access

    The Qatar Financial Centre Authority signed a memorandum with Türkiye's Investment and Finance Office to enhance investment and market access. The agreement includes information exchange, joint business activities, and support for cross-border ventures. QFCA will assist IFOTP-referred companies in establishing or expanding in Qatar, aligning with its legal and regulatory framework.

    Policy & regulationCooperationCross-border cooperation
  • 2025-11-11ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission hosts financial education day for more than 500 secondary students

    The Argentina Securities Commission (CNV) hosted a financial education event for secondary students on investment decision-making, featuring panels and expert talks. Representatives from the Central Bank, Banco de la Nación Argentina, and industry bodies covered capital market instruments, digital risk prevention, and financial technology. CNV President Roberto E. Silva emphasized the initiative's alignment with efforts to modernize Argentina's capital market.

    Financial literacy & educationFinancial literacy and education
  • 2025-11-11ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission highlights virtual asset service provider and tokenization rules and cites 100 general resolutions

    Argentina Securities Commission President Roberto E. Silva discussed fintech rulemaking at the Argentina Fintech Forum, focusing on frameworks for Virtual Asset Service Providers and the Tokenization Regime. Silva emphasized 100 general resolutions as milestones for modernizing and deregulating capital markets. Collaboration with the Central Bank of the Argentine Republic and the Financial Information Unit was noted, alongside public consultations with industry stakeholders.

    Policy & regulationRules & requirements
  • 2025-11-11SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)

    Swiss Financial Market Supervisory Authority moves to delete untied insurance intermediaries from the register after around 100 manipulated VBV certificates were wrongly issued

    FINMA is taking enforcement actions after discovering manipulated VBV intermediary certificates, affecting about 100 examination certificates. It will remove affected untied intermediaries from the public register and assess further supervisory measures for potential financial market law violations. VBV, not supervised by FINMA, will restore compliance, inform affected individuals, and has filed a criminal complaint.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-11-11Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency highlights DOP 1.5tn pension system assets and diversification into real-economy projects

    The Dominican Republic's Pensions Superintendency (SIPEN) reported pension system assets at approximately DOP 1.5 trillion, growing 13% annually, with a shift towards diversified investments. Superintendent Francisco A. Torres noted that since 2017, pension funds have expanded to sectors like hotels and renewable energy under approved risk criteria. Despite AFP-generated returns exceeding 50% of total worker account accumulations, low contribution density has prompted the introduction of complementary pension plans and enhanced digital engagement efforts.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-11-11VietnamState Bank of Vietnam

    State Bank of Vietnam commits to continued work on green transition and digital transformation priorities at Vietnam Business Forum 2025

    Deputy Governor Nguyen Ngoc Canh of the State Bank of Vietnam attended the 2025 Annual Vietnam Business Forum, stressing collaboration with the Banking Working Group on monetary policy, green transition, digital transformation, payments, and fintech. The forum highlighted the importance of green and digital transformation for competitiveness, efforts to develop a legal framework for green banking, and initiatives like Decree No. 94/2025/ND-CP for a banking sandbox. The focus includes enhancing smart infrastructure, IoT applications, and fintech supervisory capacity to support SMEs and green tech startups.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-11-11VietnamState Bank of Vietnam

    State Bank of Vietnam attends BIS Governors’ meeting and holds technical talks with the Basel Committee on Basel III IRB implementation

    The State Bank of Vietnam, led by Governor Nguyễn Thị Hồng, attended the Bank for International Settlements Governors’ meeting in Basel to discuss global economic and financial market developments. The SBV also engaged with the Basel Committee on implementing Basel III, focusing on internal ratings-based approach models and model risk supervision.

    Policy & regulationInternational standards & recommendationsCross-border cooperation
  • 2025-11-11VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Doan Manh Tu as Deputy General Director of Vietnam Deposit Insurance

    The State Bank of Vietnam (SBV) appointed Doan Manh Tu as Deputy General Director of Vietnam Deposit Insurance (DIV) to strengthen its leadership amid efforts to pass a new Deposit Insurance Law. The draft law aims to expand DIV's mandate, including restructuring credit institutions and enhancing supervision of credit funds. DIV's chair highlighted the importance of reinforcing senior roles to implement the forthcoming framework.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-11-11IndiaSecurities & Exchange Board of India

    The Securities and Exchange Board of India and the Investor Education and Protection Fund Authority hold Amritsar Niveshak Shivir to help investors reclaim unpaid dividends and unclaimed shares

    The Securities and Exchange Board of India and the Investor Education and Protection Fund Authority held the third "Niveshak Shivir" in Amritsar to help shareholders reclaim unpaid dividends and unclaimed shares. Supported by market infrastructure institutions and registrar and transfer agents, the event provided end-to-end assistance to over 223 investors. SEBI and IEPFA plan similar events in other cities with significant unclaimed investor assets.

    Financial literacy & educationOther
  • 2025-11-11BurundiBank of the Republic of Burundi

    Bank of the Republic of Burundi holds workshop on microfinance reporting accuracy and warns of severe sanctions for irregularities

    The Bank of the Republic of Burundi held a workshop for microfinance executives and auditors to address financial report irregularities, warning that inaccuracies could lead to severe sanctions. Reporting issues threaten sector stability, with erroneous data distorting risk assessments. The bank emphasized management and auditors' shared responsibility in ensuring accurate information for prudential oversight.

    SupervisionInterventionsAccounting and financial reporting
  • 2025-11-11GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub outlines Project Tamga for internet-based cross-border verification of regulatory proofs

    The Bank for International Settlements Innovation Hub's Project Tamga, led by the Hong Kong Centre, explores validating regulatory proofs like licenses across jurisdictions using existing internet infrastructure and security standards without new registry systems. The project employs "trust metadata" for proof verification, enabling real-time compliance checks while maintaining sovereignty and confidentiality.

    Policy & regulationImplementation, projects & pilotsRegtech and suptech
  • 2025-11-11GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements and South African Reserve Bank announce winners of the G20 TechSprint 2025 on trust and integrity in finance

    The Bank for International Settlements and the South African Reserve Bank announced the winners of the G20 TechSprint 2025 challenge, focusing on digital identity, credit data portability, and fraud and cyber-risk mitigation. Winners include Ownapay SA for digital identity, Silence Laboratories for credit data portability, and FNA and Proto for fraud and cyber-risk mitigation.

    Policy & regulationImplementation, projects & pilots
  • 2025-11-11Dominican RepublicCentral Bank of the Dominican Republic

    Central Bank of the Dominican Republic governor Héctor Valdez Albizu honoured by El Dinero Economic Forum for career and contributions

    The Central Bank of the Dominican Republic announced that Governor Héctor Valdez Albizu received special recognition from the El Dinero Economic Forum for his contributions to economic development and stability. Valdez Albizu highlighted the central bank's technical capacity and the support of the Monetary Board and the President in maintaining independent monetary policy and navigating economic challenges.

    Other
  • 2025-11-11IndiaInsurance Regulatory and Development Authority of India

    Insurance Regulatory and Development Authority of India chair calls for stronger grievance redressal and previews guidelines on insurers’ internal ombudsmen

    The Insurance Regulatory and Development Authority of India emphasized policyholder protection, focusing on grievance redressal and claims experience, while reinforcing the Insurance Ombudsman network's role as an independent dispute-resolution channel. The chair highlighted sector metrics, including premium collections exceeding INR 11.93 lakh crore and a high resolution rate for grievances. IRDAI plans to issue guidelines on appointing internal ombudsmen after reviewing feedback on its exposure draft.

    Policy & regulationGuidance & interpretationComplaints and dispute resolution
  • 2025-11-11EuropeSingle Resolution Board

    Single Resolution Board publishes bi-annual Eurogroup note on MREL, resolvability and Banking Union simplification

    The Single Resolution Board (SRB) released its bi-annual report to the Eurogroup, detailing updates on bank resolvability and operational readiness. Key topics include developments in the minimum requirement for own funds and eligible liabilities (MREL), simplification workstreams, and progress on the Crisis Management and Deposit Insurance (CMDI) package. The note also addresses efforts towards completing the Banking Union with a simpler framework.

    Policy & regulationImplementation, projects & pilotsRegulatory reporting
  • 2025-11-11BarbadosCentral Bank of Barbados

    Central Bank of Barbados launches Bridgetown BiMPay Walk outreach ahead of March 2026 instant payments rollout

    The Central Bank of Barbados announced the "BiMPay Walk" outreach event in Bridgetown to raise awareness about the national instant payment system, BiMPay, ahead of its March 2026 launch. On 14 November 2025, Bank teams will visit local businesses to explain BiMPay's functionality and benefits. This initiative follows previous engagements with financial and governmental stakeholders.

    Financial literacy & educationPayments and payment systems
  • 2025-11-10BahamasBahamas Securities Commission

    Securities Commission of The Bahamas warns that Huber Management Divisions is unlicensed and impersonating regulated Huber Management Ltd

    The Securities Commission of The Bahamas issued a public notice warning that Huber Management Divisions (HMD) is not registered or licensed and may be conducting unauthorized activities. HMD falsely claims to be regulated by the Commission and appears to impersonate Huber Management Ltd., a legitimate entity. The Commission advises the public to verify authorizations and report concerns to its Enforcement Department.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-11-10Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Arabian Monetary Authority licenses Tabby Finance to provide buy now pay later services

    The Saudi Arabian Monetary Authority (SAMA) has licensed Tabby Finance for buy-now-pay-later (BNPL) activities, increasing the total number of SAMA-licensed finance companies to 68. SAMA emphasized the importance of engaging only with authorized financial institutions and directed stakeholders to its website for a list of licensed entities.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority imposes KD 10,000 penalty on Agility Public Warehousing Company for IFRS-related listing rule breach

    The Kuwait Capital Markets Authority has penalized Agility Public Warehousing Company for breaching listing rules, following a review of its 2024 financial statements. The company failed to comply with International Financial Reporting Standard 9 and International Accounting Standard 36 by not recording an investment at fair value.

    EnforcementInvestigations & enforcement actionsAccounting and financial reporting
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority imposes fines of up to KD 10,000 on Sultan Center for Foodstuffs, directors and executives for listing and governance breaches

    The Kuwait Capital Markets Authority's Disciplinary Board fined Sultan Center for Foodstuffs Company and its executives for breaching Listing and Corporate Governance Rules related to the 2024 financial statements. They failed to ensure accurate disclosures and used an unsound valuation report. Penalties include KD 10,000 for the company, KD 5,000 for the chair, vice chair, and board members, and KD 8,000 for the CEO and CFO.

    EnforcementInvestigations & enforcement actionsCorporate governance
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority imposes KD 5,000 penalty on Real Estate Trading Centers Company for disclosure and transparency breach

    The Kuwait Capital Markets Authority imposed a KD 5,000 penalty on Real Estate Trading Centers Company for breaching disclosure and transparency requirements. The company used promotional phrases and forward-looking expectations without an objective basis in a market disclosure to Boursa Kuwait Securities. The breach involved Clauses (4) and (5) of Article (4-6-3) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.

    EnforcementInvestigations & enforcement actionsDisclosures
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority imposes fines of up to KWD 40,000 on Iktib Holding and directors for disclosure and corporate governance breaches

    The Kuwait Capital Markets Authority fined Iktib Holding Company and board members for breaches of disclosure, transparency, and corporate governance under Law No. 7 of 2010. Violations included non-disclosure of significant contracts and lawsuits, corporate governance shortcomings, and failures in risk and remuneration committee functions. Penalties totaled KWD 20,000 for Iktib Holding and varying amounts for board members, with the vice chairman and CEO fined KWD 40,000.

    EnforcementInvestigations & enforcement actionsCorporate governance
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority fines Kuwait & Middle East Financial Investment Company KWD 20,000 for breaching capital adequacy requirements

    The Kuwait Capital Markets Authority's Disciplinary Board fined Kuwait & Middle East Financial Investment Company KWD 20,000 for breaching Capital Adequacy Instructions. The firm must increase its qualified regulatory capital to meet the 100% risk-based capital requirement, as its capital adequacy ratio fell to 32.48% as of 30 June 2025, below the required threshold since 31 December 2022.

    EnforcementInvestigations & enforcement actionsCapital adequacy
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority imposes KD 5,000 fines on EFG Hermes EVA Financial Brokerage Company and its internal audit officer for securities activities and governance breaches

    The Kuwait Capital Markets Authority's Disciplinary Board fined EFG Hermes EVA Financial Brokerage Company and its internal audit officer for breaches in securities activities, business ethics, and corporate governance. The firm was fined KD 5,000 for each of three violations, including governance failures in outsourced services, discrepancies in order recording, and incorrect corporate governance reporting. The internal audit officer was fined KD 5,000 for inadequate audit reports in 2023 and 2024.

    EnforcementSanctions & designationsCorporate governance
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority fines Arabi Group Holding Company KD 10,000 for failing to submit interim financial statements on time

    The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Arabi Group Holding Company for failing to submit interim financial statements by the legal deadline, breaching listing rules. The violation pertains to Clause (1) of Article (1-16-1) of Module Twelve of the Executive Bylaws of Law No. 7 of 2010.

    EnforcementInvestigations & enforcement actionsAccounting and financial reporting
  • 2025-11-10KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority fines ACICO Industries KD 5,000 for failing to disclose KD 7.22 million provision refund

    The Kuwait Capital Markets Authority imposed a KD 5,000 fine on ACICO Industries Company for breaching disclosure and transparency requirements by failing to disclose a material agenda item to Boursa Kuwait Stock Exchange. The breach involved not disclosing a refund of provisions amounting to KD 7,221,988, violating Clause (26) of Article (4-1-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.

    EnforcementInvestigations & enforcement actionsDisclosures
  • 2025-11-10KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo Governor outlines AI risk controls and points to the 2025–2028 Cybersecurity Strategy and cyber risk regulation

    The Central Bank of the Republic of Kosovo stressed the need for stronger governance, ethics, data protection, and supervisory controls as AI adoption grows in the financial sector. Governor Ahmet Ismaili highlighted AI-related risks and noted the bank's Regulation on Information Systems and Cyber Risk Management and its Cybersecurity Strategy for 2025–2028. The speech referenced studies on AI's potential to enhance analytics and decision-making, emphasizing regulation and the role of accountants and auditors in maintaining ethical standards.

    Policy & regulationGuidance & interpretationArtificial intelligence
  • 2025-11-10Dominican RepublicCentral Bank of the Dominican Republic

    Central Bank of the Dominican Republic reports USD 9.88bn in remittances through October 2025 and signals 2025 total will exceed USD 11.7bn

    The Central Bank of the Dominican Republic reported remittance inflows of USD 9,878.4 million from January to October 2025, a 10.8% increase from the previous year, with full-year remittances expected to exceed USD 11,700 million. The Dominican peso depreciated by 5.0% against the US dollar as of October 31, 2025, while international reserves were USD 14,640.2 million, equivalent to 11.4% of GDP. The central bank will monitor economic conditions to support price stability and the foreign exchange market.

    Data & statisticsBalance of payments and other external statistics
  • 2025-11-10IndonesiaOJK

    Indonesia's Financial Services Authority and Bank Indonesia promote digital finance innovation while strengthening anti-scam and cyber risk controls

    Indonesia's Financial Services Authority (OJK) and Bank Indonesia are committed to fostering an innovative, inclusive digital finance ecosystem while enhancing security and consumer protection. OJK Commissioner Juda Agung noted rapid digitalization, significant mobile phone ownership, and increased digital financial activities. Authorities address rising cybercrime risks by strengthening security standards and using AI and machine learning for detection and prevention, supported by tools like the Indonesia Anti-Scam Centre and the Financial System Stability Committee.

    Policy & regulationCooperationFintech and insurtechSupervision process and methodologies
  • 2025-11-10IndonesiaOJK

    Indonesia's Financial Services Authority closes EKSiS 2025 Islamic finance expo and reports 12,893 visitors and 9,489 new accounts

    Indonesia’s Financial Services Authority (OJK) concluded the 2025 Islamic Finance Expo and Seminar (EKSiS) in Jakarta, highlighting efforts to enhance sharia financial literacy and inclusion. The event featured participation from 37 sharia financial services businesses and recorded 12,893 visitors and 9,489 account openings.

    Financial literacy & educationFinancial literacy and education
  • 2025-11-10UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves revised share issuance and registration regulation for public discussion

    Ukraine’s National Commission on Securities and Stock Market approved a revised draft decision updating rules for share issuance and registration. Key changes include aligning procedures with administrative legislation, introducing issuer questionnaires for the Central Securities Depository, and streamlining annexes from 50 to 27. The new regulation is open for discussion.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-11-10UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market to consider draft rules for Real Estate Transaction Fund certificates and new operating reserve requirements

    The Ukraine National Commission on Securities and Stock Market will review two draft decisions on 11 November concerning Real Estate Transaction Fund (FON) certificates and property management activities. The first draft proposes regulations for issuing, circulating, and registering FON certificates, while the second draft amends capital market regulations to define operating reserve requirements for property management activities.

    Policy & regulationRules & requirementsOther
  • 2025-11-10NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets reappoints Hanzo van Beusekom for a third term and transfers retail and asset management supervision to him in September 2026

    The Dutch Authority for the Financial Markets announced the reappointment of Hanzo van Beusekom for a third term as an AFM board member, effective 1 June 2026. Van Beusekom will assume supervision of the retail market and asset management from September 2026, succeeding Jos Heuvelman. The AFM Supervisory Board will begin recruiting a new board member for capital markets and accountancy.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-11-10NetherlandsDutch Authority for the Financial Markets

    Dutch Authority for the Financial Markets announces board member Jos Heuvelman will step down in September 2026

    The Dutch Authority for the Financial Markets (AFM) announced that board member Jos Heuvelman will leave the board at the end of his second term on 1 September 2026, but will remain affiliated for an additional year to focus on international work. Heuvelman has overseen retail market supervision and asset management at AFM since 2018 and holds roles with the European Securities and Markets Authority and other financial initiatives.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-11-10CyprusCentral Bank of Cyprus

    Central Bank of Cyprus hosts World Savings Day savings and financial planning workshops with the Ministry of Education

    The Central Bank of Cyprus, in collaboration with the Ministry of Education, Sports and Youth, conducted educational workshops for sixth-grade students in Nicosia to celebrate World Savings Day. The initiative, part of the bank's broader financial literacy efforts, featured activities on savings and financial planning. The CBC plans to continue partnering on initiatives to enhance financial literacy.

    Financial literacy & educationFinancial literacy and education
  • 2025-11-10IndonesiaOJK

    Indonesia's Financial Services Authority revokes PT Crowde Membangun Bangsa’s online lending licence for minimum equity breaches

    Indonesia's Financial Services Authority (OJK) revoked PT Crowde Membangun Bangsa's business licence for breaching minimum equity and other regulations, impacting operations. This follows escalating sanctions and a failed re-assessment of Yohanes Sugihtononugroho, now barred from key financial roles. Crowde must cease online lending, preserve assets, settle obligations, and initiate liquidation.

    SupervisionAuthorisations & approvalsCrowdfunding
  • 2025-11-10IndonesiaOJK

    Indonesia's Financial Services Authority and the Monetary Authority of Singapore renew FinTech cooperation MoU covering digital financial assets and AI

    Indonesia's Financial Services Authority (OJK) and the Monetary Authority of Singapore (MAS) have updated their memorandum of understanding to enhance cooperation in financial technology. The agreement extends their 2018 arrangement, focusing on innovation in digital financial assets and artificial intelligence. It includes exchanges of ideas, supervisory practices, and cross-border information sharing for FinTech firms.

    Policy & regulationCooperationFintech and insurtechCross-border cooperation
  • 2025-11-10IndonesiaOJK

    Indonesia's Financial Services Authority launches a financial literacy pocketbook for Indonesian migrant workers

    Indonesia's Financial Services Authority (OJK), with the Ministry for the Protection of Indonesian Migrant Workers (KP2MI) and Bank Indonesia, launched a financial literacy pocketbook for migrant workers. The initiative aims to enhance financial management and protection for migrant workers, whose remittances significantly contribute to financial inclusion. Plans include expanding financial education outreach to various regions and integrating guidance into Pre-Departure Orientation.

    Financial literacy & educationFinancial literacy and education
  • 2025-11-10IrelandCentral Bank of Ireland

    Central Bank of Ireland launches consumer campaign warning of evolving scams including fake comparison sites and AI deepfake investment fraud

    The Central Bank of Ireland has initiated a consumer awareness campaign highlighting evolving fraud techniques, particularly on social media and digital channels. The campaign warns of tactics such as fake comparison websites, fraud recovery schemes, and the use of artificial intelligence for creating deepfakes and realistic ads. Consumers are urged to verify offers, scrutinize ads, and report scams to the Central Bank or An Garda Síochána.

    Financial literacy & educationFraud and scams
  • 2025-11-10IndonesiaBank Indonesia

    Bank Indonesia reports higher consumer confidence in October 2025 survey

    Bank Indonesia's October 2025 Consumer Survey indicates improved consumer confidence, with the Consumer Confidence Index rising to 121.2 from 115.0 in September. The Current Economic Condition Index increased to 109.1, and the Consumer Expectation Index rose to 133.4, reflecting gains in both sub-indices.

    Data & statisticsEconomic data and developments
  • 2025-11-10LuxembourgLuxembourg Commission de Surveillance du Secteur Financier

    Luxembourg Commission de Surveillance du Secteur Financier publishes a new version of the public register of the audit profession

    The Luxembourg Commission de Surveillance du Secteur Financier has updated its public register of the audit profession to enhance user experience and simplify access to identification information. The register includes details on approved statutory auditors and audit firms in Luxembourg, EU-approved firms recognized in Luxembourg, and registered third-country audit entities.

    Policy & regulationImplementation, projects & pilotsAuditing
  • 2025-11-10FinlandBank of Finland

    Bank of Finland’s BOFIT projects China’s GDP growth to slow to around 3% in 2027

    BOFIT forecasts China's growth to slow to 3% by 2027 due to weakening demand and structural challenges. Their alternative GDP calculation shows current growth is about one point lower than official figures. They also note rising uncertainty over China's data reliability and a constrained environment for economic debate, increasing policy mistake risks.

    ResearchEconomic data and developments
  • 2025-11-10FinlandBank of Finland

    Bank of Finland publishes IMF Article IV concluding statement urging fiscal consolidation and flagging housing market and household debt risks

    The Bank of Finland released the IMF's concluding statement from its Article IV consultation, projecting slow economic recovery with acceleration next year and stable inflation at 2% over the medium term. The IMF advises focusing on public finance consolidation, labor supply increase, and productivity enhancement, noting banking sector resilience amid housing market and household debt vulnerabilities. Preliminary findings are based on discussions with Finnish authorities, with a final report forthcoming.

    Policy & regulationInternational standards & recommendationsEconomic data and developmentsFinancial stability and systemic risk
  • 2025-11-10Costa RicaSuperintendencia General de Seguros de Costa Rica

    Costa Rica's General Superintendency of Insurance publishes external commentary warning against five bills enabling early withdrawals from ROP pension savings

    Costa Rica's General Superintendency of Insurance shared an opinion by former president Miguel Ángel Rodríguez opposing proposals for early access to Mandatory Complementary Pension Regime (ROP) funds. Rodríguez argues this would undermine the pension system and weaken retirement income protection, as ROP accounts are meant to complement basic pensions and provide significant retirement benefits. Early withdrawals could reduce lifetime pensions, especially as Costa Rica's population ages.

    Policy & regulationOther
  • 2025-11-10Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert tied to fraudulent bank websites and phishing messages

    The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing messages involving China Construction Bank (Asia) Corporation Limited and The Hongkong and Shanghai Banking Corporation Limited. The HKMA emphasized that banks will not send messages with 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.

    SupervisionAlertsFraud and scams
  • 2025-11-10Latin AmericaFinancial Action Task Force of Latin America (GAFILAT)

    Financial Action Task Force of Latin America delivers regional training for judges and prosecutors on terrorist financing investigations in Montevideo

    GAFILAT and Uruguay’s SENACLAFT held regional training in Montevideo on terrorist financing investigations to enhance law enforcement and judicial capabilities per FATF standards. The event included 30 representatives from GAFILAT’s 18 delegations and featured sessions on investigative techniques, interdisciplinary collaboration, and the role of virtual assets and emerging technologies in terrorist financing cases.

    Policy & regulationImplementation, projects & pilotsAML and CFTBlockchain and distributed ledger technology
  • 2025-11-10CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission reports Supreme Constitutional Court dismissal of appeal against fines on former Cyprus Popular Bank directors

    The Cyprus Securities and Exchange Commission announced that the Supreme Constitutional Court upheld its decision to fine four former directors of Cyprus Popular Bank for breaches of transparency and prospectus requirements. The ruling confirmed the Administrative Court's decision, dismissing allegations of partiality, and affirmed that prospectus approval does not exempt signatories from legal obligations. The violations pertained to financial reports and prospectuses from 2010 and 2011.

    EnforcementInvestigations & enforcement actionsAccounting and financial reporting
  • 2025-11-10BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria publishes materials on euro banknote security features and recommended authentication devices for the euro changeover

    The National Bank of Bulgaria and the European Central Bank have released materials to raise public awareness about the euro's introduction in Bulgaria, highlighting euro banknote design and security features. The package includes a public poster, staff training visualisations, and guidance on selecting banknote and coin authentication devices.

    Financial literacy & educationCurrency and cash management
  • 2025-11-10GlobalBank for International Settlements

    Bank for International Settlements working paper tests generative AI agents for intraday liquidity management in RTGS payment systems

    The Bank for International Settlements released a paper evaluating generative AI, specifically ChatGPT, for managing intraday liquidity and payment prioritisation in wholesale payment systems. Simulations show a general-purpose large language model can replicate key cash-management practices, though consistency decreases with complexity. The paper highlights regulatory considerations for AI-driven payment operations, including testing, transparency, human oversight, and systemic risks.

    ResearchArtificial intelligencePayments and payment systems
  • 2025-11-10GhanaBank of Ghana

    Bank of Ghana opens maiden Pan-African central bank governors conference with Bank of England and cites inflation down to 8%

    The Bank of Ghana hosted the inaugural Pan-African Central Bank Governors’ Conference with the Bank of England, focusing on leadership and institutional credibility amid economic and technological challenges. Governor Dr. Johnson Pandit Asiamah highlighted Ghana's stabilization efforts, reporting an 8% inflation rate, USD 11.4 billion in reserves, and a 34.9% appreciation of the cedi. The conference aims to enhance peer learning on central bank independence and regional cooperation.

    OtherMonetary policy decisions and developments
  • 2025-11-10KazakhstanAgency 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 reiterates mandatory testing and TLS 1.2 encryption for banks’ new digital and biometric services

    Kazakhstan's Financial Market Agency insists banks and financial institutions comply with information security for new digital services, including biometrics. Continuous oversight will ensure compliance, with mandatory system testing, data encryption using TLS 1.2 or higher, and secure storage of confidential information.

    Policy & regulationGuidance & interpretationCyber resilienceData protection
  • 2025-11-10UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan fines 18 banks UZS 102 million each for website disclosure breaches

    The Central Bank of the Republic of Uzbekistan fined several commercial banks UZS 102 million each for non-compliance with consumer information disclosure laws on their websites. Violations included failure to provide information in the state language and omission of procedures for collateral property release. Affected banks include Agrobank, Anor bank, Hayot bank, and others.

    SupervisionInterventionsDisclosures
  • 2025-11-10MexicoCONDUSEF

    Mexico’s National Commission for the Protection and Defence of Users of Financial Services reports Querétaro complaints down 6.9% with MXN 197.0 million claimed

    Mexico’s CONDUSEF reported a 6.9% decline in user complaints in Querétaro from January to September 2025, with 4,279 complaints making up 2.2% of the national total. The amount claimed rose by 27.7% to MXN 197.0 million, while the amount recovered fell by 18.8% to MXN 23.3 million. Credit cards, personal loans, and debit cards were the main sources of complaints, with unrecognised transactions and certain debt-collection practices being the leading causes.

    Data & statisticsComplaints and dispute resolution
  • 2025-11-10JordanJordan Securities Commission

    Jordan Securities Commission convenes first Central Shari’a Supervisory Board meeting and elects leadership to support Islamic sukuk issuance

    The Jordan Securities Commission announced that Chairman Emad Mohammed Abu Haltam emphasized the need for further development of Islamic finance sukuk in Jordan during the inaugural meeting of the Central Shari’a Supervisory Board, which aims to facilitate sukuk issuance and legislative development. Prof. Dr. Moussa Mustafa Al-Qudah was elected chair, with Dr. Hassan Abu Arqoub as vice-chair, and additional members appointed by the Cabinet based on the Fatwa Council's recommendation.

    Policy & regulationImplementation, projects & pilotsLeadership change and appointments
  • 2025-11-10BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority signals DEI governance recommendation for large closed pension funds

    The Brazilian Pension Funds Authority (PREVIC) plans to update Resolution 23/2023, recommending closed complementary pension entities integrate diversity, equity, and inclusion (DEI) into governance, especially for larger entities classified as S1 and S2. PREVIC emphasized DEI as a board-level issue, linking it to organizational culture and fiscal implications. The update aims to address exclusion's impact on employment and pension coverage.

    Policy & regulationRules & requirementsDiversity and inclusion
  • 2025-11-10New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority publishes annual report for year to 30 June 2025 and Ease of Doing Business survey showing improved communications and engagement

    The New Zealand Financial Markets Authority (FMA) released its annual and Ease of Doing Business (EODB) reports for the year ending 30 June 2025, outlining strategic objectives, improved stakeholder perceptions, and ongoing concerns about systems. Key developments include the Conduct of Financial Institutions legislation, a FinTech Sandbox programme, and modernization efforts, while the EODB survey showed improved communication but highlighted low confidence in streamlined processes.

    Institutional developmentGovernanceOther
  • 2025-11-10PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines reports August 2025 net FDI inflows fell 40.5% year on year to USD 494 million

    The Central Bank of the Philippines reported a 40.5% year-on-year decline in net foreign direct investment (FDI) inflows for August 2025, from USD 830 million to USD 494 million. Cumulative net inflows for January–August 2025 fell by 22.5% to USD 5.2 billion. Japan, the United States, Singapore, and South Korea were the top sources of equity capital, with manufacturing, wholesale and retail trade, and real estate as the main recipient industries.

    Data & statisticsBalance of payments and other external statistics
  • 2025-11-10OmanCentral Bank of Oman

    Central Bank of Oman hosts IMF Article IV consultation mission through 24 November 2025

    The Central Bank of Oman and the Ministry of Finance are hosting an International Monetary Fund mission for annual Article IV consultations, with meetings until 24 November 2025. Discussions will address macroeconomic developments, fiscal and monetary policies, financial sector development, and structural reforms related to Oman Vision 2040. The IMF will release a summary and detailed report post-consultations.

    Policy & regulationPeer reviews and country evaluationsEconomic data and developments
  • 2025-11-10SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore releases TRACTION final report insights and launches statement backing high-integrity energy transition credits

    The Monetary Authority of Singapore shared insights from the Transition Credits Coalition's final report, promoting high-integrity energy transition credits for retiring coal plants in Asia. The report outlines frameworks to operationalize these credits, highlighting potential emissions reductions and the need for region-specific solutions. A Statement of Support, joined by 21 entities, signals interest in advancing projects, with the next phase focusing on concrete transactions.

    Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
  • 2025-11-10SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore and Indonesia's Financial Services Authority renew FinTech cooperation MOU covering digital financial assets and AI

    The Monetary Authority of Singapore and Indonesia's Financial Services Authority renewed their Memorandum of Understanding on Cooperation in Financial Technology, expanding their 2018 agreement to include digital financial assets and artificial intelligence in financial services. The MOU outlines mechanisms for cooperation, such as sharing supervisory knowledge, promoting industry engagement, and facilitating cross-border information flows.

    Policy & regulationCooperationFintech and insurtechCross-border cooperation
  • 2025-11-10EuropeEuropean Central Bank

    European Central Bank working paper finds near-complete mortgage rate pass-through but weaker consumer credit transmission across nine European credit registers

    The European Central Bank's working paper analyzed the impact of benchmark rate changes on household mortgage and consumer borrowing conditions from 2022 to 2024, using a harmonized loan-level dataset. The study found nearly complete pass-through to mortgage rates (around 0.9) but weaker and more varied pass-through to consumer credit rates (around 0.4) across countries. It highlighted differences in contract structures and borrower demographics, with younger households and longer maturities experiencing stronger mortgage pass-through.

    ResearchLending
  • 2025-11-10EuropeEuropean Central Bank

    European Central Bank working paper finds euro-area repo collateral reuse is widespread but does not generate dealer liquidity windfalls

    The European Central Bank's working paper on euro-area repo markets finds significant collateral reuse, but securities dealers don't gain liquidity windfalls from haircut differentials. Based on 15 million transactions, 11.6% of European repo volume involves reused securities, more common in smaller, shorter trades and influenced by counterparty attributes. Policy-rate changes are likely to affect repo pricing and tenor rather than cause abrupt shifts in haircuts.

    ResearchMarket development
  • 2025-11-10EuropeEuropean Central Bank

    European Central Bank research proposes cross-selling incentives as a driver of incomplete deposit rate pass-through

    The European Central Bank's research analyzes why banks adjust customer deposit rates less than policy rate changes, affecting monetary policy transmission. The study suggests banks set deposit rates to maximize profits and retain customers for future cross-selling, explaining why deposit rates can exceed policy rates. Using Norwegian data, the research finds weaker pass-through for clients with high cross-selling potential, indicating that cross-selling and market power influence deposit pricing and growth.

    Research
  • 2025-11-10EuropeEuropean Central Bank

    European Central Bank vice-president de Guindos says policy rates are appropriate and urges macroprudential rules for non-banks

    ECB Vice-President Luis de Guindos stressed central bank independence for inflation control, noting current interest rates align with targets. He cited falling services inflation, stable wage growth, reduced trade-policy uncertainty, and discussed geopolitical risks, high asset valuations, and non-bank sector concerns. He advocated for a macroprudential framework for non-banks and mentioned a potential digital euro by 2029, pending EU approval.

    Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
  • 2025-11-10EuropeEuropean Central Bank

    European Central Bank bank lending survey finds climate performance eases credit for green firms and energy-efficient buildings but tightens for high emitters

    The European Central Bank's research shows euro area banks are integrating climate and energy performance into lending policies, affecting credit standards and loan demand. Banks eased credit standards for green firms and those in transition, while tightening conditions for high-emitting firms. In housing loans, higher energy performance led to eased credit standards and increased demand, whereas low energy performance and physical risks resulted in tightening conditions.

    ResearchOther
  • 2025-11-10MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia launches investED for Returning Women capital market re-entry programme with RM2,000 incentive

    The Securities Commission Malaysia has launched investED for Returning Women, a programme to assist women re-entering the capital market after career breaks. Part of the SC's diversity and inclusion agenda, it offers training in two phases: REFRESH for readiness and RESKILL for technical competencies, with incentives and job placement support. Over 600 applications have been received, primarily from women in their mid-30s to late-40s.

    Policy & regulationImplementation, projects & pilotsDiversity and inclusion
  • 2025-11-10BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission schedules sanctioning judgment session covering auditor CPE compliance, Gol board duties and Lollapalooza ethics case

    Brazil’s Securities Commission (CVM) will hold a judgment session on 11 November for three administrative sanctioning proceedings. Cases involve alleged non-compliance by RSM Brasil Auditores Independentes Ltda., potential liability of Henrique Constantino as a board member of Gol Linhas Aéreas Inteligentes S.A., and ethical breaches related to the 2023 Lollapalooza festival. The session will be public, with in-person or videoconference attendance options.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-11-10BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission outlines sustainable finance regulatory agenda and initiatives during COP30

    The Brazil Securities Commission (CVM) emphasized sustainability as a strategic priority during COP30, highlighting its inclusion in the CVM Regulatory Agenda 2025. Recent rulemaking incorporates sustainability-related requirements, such as anti-greenwashing measures and ISSB standards adoption. The CVM also detailed its Sustainable Finance Policy, international engagements, and educational initiatives, noting progress on 2023–2024 targets.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-11-10BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission schedules judgment session in Cortel Holding market manipulation and fraud case

    The Brazil Securities Commission (CVM) will hold a public judgment session on 25 November for Administrative Sanctioning Proceeding 19957.013886/2022-02, concerning alleged price manipulation and fraudulent transactions by Cortel Holding S.A. and associated individuals. The session will be at CVM's headquarters in Rio de Janeiro, with options for in-person or videoconference attendance. A report by Director Marina Copola is available and may be amended post-session.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-11-10AlbaniaAlbania Financial Services Authority

    Albania Financial Services Authority hosts IAIS committee meetings and Annual Conference in Tirana with around 530 delegates

    The Albania Financial Services Authority, with the International Association of Insurance Supervisors, is hosting IAIS activities in Tirana for the first time. The event includes technical committee meetings and bilateral discussions from 10–12 November, focusing on supervision, international standards, and insurance product development. The IAIS Annual Conference on 13–14 November will feature remarks from Albania’s Prime Minister, Edi Rama, and gather about 530 representatives from various sectors.

    Policy & regulationCooperationOther
  • 2025-11-10CambodiaSecurities and Exchange Regulator of Cambodia

    Securities and Exchange Regulator of Cambodia opens Cambodia Sustainable Bond Accelerator Phase III with capacity-building training on sustainable bond frameworks

    The Securities and Exchange Regulator of Cambodia, with the United Nations Economic and Social Commission for Asia and the Pacific and the Global Green Growth Institute, conducted capacity-building training for the Cambodia Sustainable Bond Accelerator Program Phase III. The initiative aims to enhance awareness and capability in developing sustainable bond frameworks. Supported by several organizations, the event was attended by 36 participants, including key program candidates.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-11-10CambodiaSecurities and Exchange Regulator of Cambodia

    Securities and Exchange Regulator of Cambodia launches 30th securities sector training, examination and continuing professional education programme

    The Securities and Exchange Regulator of Cambodia has initiated its 30th Training and Examination and Continuing Professional Education programme. This initiative aims to enhance professionalism among management and senior staff at SERC-licensed, approved, and accredited securities, collective investment scheme, and derivatives firms, as well as issuers and securities service providers.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2025-11-10MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro halves RTGS and DNS service fees and adopts EU-alignment drafts on bank resolution and basic payment accounts

    The Central Bank of Montenegro's Council adopted amendments to reduce bank fees for central bank services in RTGS and DNS payment systems by 50% from December 2025, aiming to enhance payment system efficiency and align with European standards. The revised tariff will lower fees for executing orders, supporting the national instant payments system (TIPS Clone). Additionally, draft laws propose clearer regulatory treatment for credit institution resolutions and mandate basic consumer payment accounts for all Montenegrin credit institutions.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-11-10MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro meets Erste Group to discuss SEPA integration and TIPS Clone instant payments

    Governor Irena Radovic of the Central Bank of Montenegro met with Erste Group to discuss aligning Montenegro's payment systems with European standards, focusing on SEPA adherence and the TIPS Clone project for instant payments. The central bank aims to enhance interoperability with the European Central Bank's TIPS system, fostering market competition and attracting new service providers. Both parties committed to deepening cooperation on digital transformation, payment infrastructure, financial inclusion, and stability.

    Policy & regulationCooperationCross-border cooperationPayments and payment systems
  • 2025-11-10GlobalSustainable Insurance Forum

    Sustainable Insurance Forum reviews proposed 2026–2027 strategy at its second 2025 in-person meeting in Tirana

    The UNDP Sustainable Insurance Forum (SIF) held its second in-person meeting of 2025 in Tirana, Albania, to review its proposed 2026–2027 strategy and align future priorities. The session, led by SIF's new Chair, Fundi Tshazibana, Deputy Governor of the South African Reserve Bank, coincided with the IAIS annual meeting. Discussions included SIF's 10-year anniversary in 2026 and its future supervisory leadership on sustainability.

    Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
  • 2025-11-10RussiaCentral Bank of Russia

    Central Bank of Russia reports slower growth in consumer complaints as CMTPLI and car lending grievances fall

    The Central Bank of Russia reviewed financial consumer complaints from January to September 2025, noting a 15.8% increase to 280,000 complaints year-on-year, with growth slowing from 23.1% in Q1 to 11% in Q3. Insurer-related complaints fell significantly, driven by a 70% drop in compulsory motor third-party liability insurance complaints due to changes in the bonus-malus coefficient adjustment process. Bank-related complaints rose by 21%, primarily linked to anti-fraud measures, while complaints against microfinance organisations increased by over 10%, mainly concerning refunds and loan repayment holidays.

    Data & statisticsComplaints and dispute resolution
  • 2025-11-10GlobalISDA

    International Swaps and Derivatives Association wins Regulation Asia award for its Digital Regulatory Reporting initiative

    The International Swaps and Derivatives Association (ISDA) received Regulation Asia’s Outstanding Contribution to Regulatory Reform award for its Digital Regulatory Reporting (DRR) initiative, which uses the Common Domain Model to enhance compliance accuracy and efficiency. ISDA DRR currently covers reporting rules in eight jurisdictions and aims to expand to 12 rule sets in nine jurisdictions.

    OtherRegulatory reporting
  • 2025-11-10GlobalISDA

    International Swaps and Derivatives Association publishes Capgemini paper on Digital Regulatory Reporting adoption and reported benefits

    The International Swaps and Derivatives Association (ISDA) and Capgemini published a paper on the ISDA Digital Regulatory Reporting (DRR) initiative, highlighting improved data quality, reduced costs, and increased efficiency. The DRR, using the Common Domain Model, facilitates faster implementation by translating rule sets into machine-executable code, currently covering eight jurisdictions with plans to extend to 12 rule sets across nine jurisdictions.

    Policy & regulationGuidance & interpretationRegulatory reporting