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2025-10-31•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway published an inspection report on Statsautorisert revisor Olafsen AS, highlighting non-compliance with the Norwegian Auditor Act and ISA 220 in audit engagement acceptance and continuance. The firm lacked documented bases for accepting audits, especially with clients facing negative equity and going concern issues, and failed to withdraw from engagements as required. Olafsen AS acknowledged the findings, conducted a root-cause analysis, and updated its quality management documentation, with potential follow-up from Finanstilsynet.
SupervisionReviews, inspections & stress testsAuditing
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2025-10-31•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission (JFSC) warned of a fraud involving an entity impersonating Hex Offshore Limited, a legitimate Jersey company. The impersonator falsely claims a Jersey address and misuses the JFSC-issued certificate. The JFSC advises contacting its Enforcement team and consulting the Jersey Fraud Prevention Forum for scam guidance.
SupervisionAlertsFraud and scams
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2025-10-31•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance said prior authorization has been granted for the first national reinsurer to operate locally, presenting it as the start of a new phase for the insurance market in 2025. The remarks also pointed to tougher prudential expectations for new entrants and cited market growth, with gross premiums reaching about AOA 264 billion through June 2025 and ceded reinsurance production rising 31% in 2024.
SupervisionAuthorisations & approvalsPrudential risksMarket development
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2025-10-31•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) released draft guidance for public consultation on regulating performance benchmarks for publicly offered securities investment funds. It aims to ensure benchmarks accurately represent fund style, constrain investment activities, and support performance assessment, while strengthening information disclosure and fund custodian oversight. Concurrently, the Asset Management Association of China issued operational rules detailing requirements for benchmark selection, disclosure, risk controls, and compliance management.
Policy & regulationGuidance & interpretationDisclosures
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2025-10-31•China•China Securities Regulatory Commission
The China Securities Regulatory Commission's 15th Five-Year Plan prioritizes enhancing capital market inclusiveness, supporting tech-driven growth, and improving investor outcomes. Key measures include reforms for tech firm listings, expanding the STAR Market and ChiNext, and developing a layered bond market. Supervisory priorities focus on a comprehensive regulatory framework, enhanced risk monitoring, tougher enforcement against misconduct, and improving foreign participation and investor protection.
Policy & regulationReform agendas & prioritiesMarket development
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2025-10-31•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) held its 22nd International Advisory Council meeting in Beijing, focusing on innovation, inclusiveness, and openness to enhance capital market development. Discussions covered emerging technologies, system inclusiveness, high-standard opening, and risk management. Recommendations emphasized aligning investment and financing, enhancing market institutions, and deepening international regulatory cooperation.
Policy & regulationReform agendas & priorities
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2025-10-31•China•China Banking and Insurance Regulatory Commission
China's Inter-ministerial Joint Meeting in Beijing, led by National Financial Regulatory Administration Director Li Yunze, addressed illegal financial activities via apps. The session emphasized coordinated enforcement and tasked the joint mechanism with enhancing cross-agency coordination. Local authorities were urged to pursue major cases and sustain efforts against illegal fundraising while improving prevention and enforcement mechanisms.
Policy & regulationCooperationAML and CFT
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2025-10-31•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration released draft Administrative Measures for Asset Management Trusts for public consultation, outlining a framework for trust companies' asset management business. The draft includes stricter controls on product management, risk management, and sales practices, and mandates transparency through expanded disclosure obligations. Final measures will be issued post-consultation feedback.
Policy & regulationRules & requirementsAsset qualityRisk management
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2025-10-31•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission released a draft of the Asset Management Trust Management Measures, proposing a supervisory framework for trust companies' asset management business. It emphasizes private placement, prohibits principal or return guarantees, and mandates active management and adherence to market principles. It includes stringent requirements on investor qualifications, risk disclosures, and investment provisions, focusing on risk management and compliance.
Policy & regulationRules & requirementsAsset quality
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2025-10-31•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) reported its president, Roberto E. Silva, attended OECD meetings in Paris on corporate sustainability practices and governance. Discussions covered non-financial disclosure trends, sustainability standards, and capital markets development, emphasizing regulatory proportionality in Latin America. Silva highlighted CNV's collaboration with Argentina's government on OECD accession and international standards alignment.
Policy & regulationCooperationCorporate governanceESG
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2025-10-31•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) updated sanctions after the Federal Council aligned with the EU's 18th sanctions package against Russia and additional measures against Belarus. Effective 30 October 2025, these changes focus on goods, financial, and energy restrictions, amending Switzerland’s Ordinance on Measures concerning Belarus. Financial intermediaries must implement prohibitions, freeze assets, and report to the State Secretariat for Economic Affairs (SECO), while adhering to the Anti-Money Laundering Act.
Policy & regulationRules & requirementsSanctions list update
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2025-10-31•Vietnam•State Bank of Vietnam
The State Bank of Vietnam concluded a meeting with the IMF to review progress on an anti-money laundering and counter-terrorist financing project. Key developments include deploying a risk assessment toolkit for the banking sector and enhancing its methodology and IT integration. The project aligns with Vietnam's commitments to the Financial Action Task Force and will continue with further advisory work to strengthen the AML/CFT legal framework.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-10-31•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Region 13 branch reported a cooperation agreement between Tay Ninh’s Department of Agriculture and Environment and local Agribank branches to support a loan programme for high-quality, low-emission rice under the “1 million hectare rice” initiative. Agribank branches will offer preferential credit packages, simplify lending procedures, and coordinate with provincial departments for borrower guidance and credit monitoring. As of 30 September 2025, the programme covered one enterprise and 10 farming households with loans totaling VND 34 billion at interest rates of 4.0%–4.2% per year.
Policy & regulationCooperationSME financing
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2025-10-31•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched a VND 500 trillion credit programme for long-term loans in infrastructure and digital technology, with 21 commercial banks committing. Banks supported a 1.5 percentage point interest-rate reduction but noted issues like inconsistent project lists and unquantified credit demand. The programme targets strategic projects, with banks proposing measures to address funding and policy constraints.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-10-31•India•Securities & Exchange Board of India
The Securities and Exchange Board of India and the Investor Education and Protection Fund Authority will host the third "Niveshak Shivir" in Amritsar on 1 November 2025. The event aims to facilitate the transfer of unpaid dividends, assist with KYC and nomination updates, and resolve pending IEPFA claims. Participants include NSE, BSE, NSDL, CDSL, and several registrar and transfer agents.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2025-10-31•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury announced Under Secretary John K. Hurley will visit Europe and the Middle East to coordinate on the maximum pressure campaign against Iran and strengthen financial safeguards against terrorism. Discussions will include cooperation with Israel on Iran, U.S.-UAE collaboration on anti-money laundering, and Türkiye's role in countering sanctions evasion. The trip aims to support implementing and enforcing United Nations sanctions.
Policy & regulationCooperationSanctions list update
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2025-10-31•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) issued a warning about scammers impersonating EIOPA to solicit payments or personal information. Fraudsters misuse EIOPA’s name and logo across various communication channels, often presenting urgent or suspicious offers. EIOPA clarified it never contacts individuals for payments or personal data and advised reporting such incidents to local authorities.
SupervisionAlertsFraud and scams
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2025-10-31•Moldova•National Bank of Moldova
The National Bank of Moldova reported an unaudited net loss of MDL 1,794,343 thousand and a total comprehensive loss of MDL 1,688,057 thousand for the nine months ended 30 September 2025, contrasting with profits from the same period in 2024. Losses were driven by negative foreign-exchange differences and revaluation of precious metals totaling MDL 3,280,847 thousand. The bank provided an informational figure for profit available for distribution of MDL 925,092 thousand, noting adjustments for unrealised revaluation items.
Data & statisticsAccounting and financial reporting
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2025-10-31•Moldova•National Bank of Moldova
The National Bank of Moldova reported a meeting between Governor Anca Dragu and European Commissioner Maria Luís Albuquerque, discussing Moldova's financial sector, macroeconomic situation, and EU integration efforts. Key topics included central bank governance, payments infrastructure modernization, and Moldova's accession to the Single Euro Payments Area (SEPA). The meeting also covered the EU Growth Plan and assessed Moldova's banking prudential framework against EU standards.
Policy & regulationCooperationCross-border cooperation
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2025-10-31•Moldova•National Bank of Moldova
The National Bank of Moldova released its unaudited balance sheet as of 30 September 2025, showing total assets of MDL 119,146,137 thousand and liabilities of MDL 111,381,902 thousand. Foreign currency assets were MDL 105,213,977 thousand, with significant holdings in investment securities and cash. Total assets and liabilities decreased from the previous year-end, with capital and reserves at MDL 7,764,235 thousand.
Data & statisticsAccounting and financial reporting
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2025-10-31•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas has issued a request for proposals for a Fast Payment System solution to enhance real-time payments. The system aims to ensure interoperability with existing domestic platforms and support participation by various financial institutions.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-10-31•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas seeks proposals for a vendor to design a Fast Payment System (FPS) for real-time domestic payments, interoperable with existing platforms and the SandDollar digital currency. The FPS must support ISO 20022 messaging, real-time settlement, and APIs, with targets including six-second processing times and 99.99% uptime. The Bank requires a commercial off-the-shelf solution used by at least one central bank in the past 18 months, with evaluation criteria heavily weighted towards technical aspects.
Institutional developmentProcurementPayments and payment systems
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2025-10-31•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has updated its regulatory framework to align with international standards from the International Organization of Securities Commissions, following feedback on Consultation Paper No. 8 of 2025. The amendments enhance the FSRA's supervisory powers and are incorporated into the FSRA Regulations and Rules.
Policy & regulationRules & requirementsRegulatory reporting
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2025-10-31•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has finalized amendments to its regulatory framework for Regulated Activities involving Fiat-Referenced Tokens (FRTs), following industry consultation. The changes expand the scope of activities related to FRTs, introduce rules for Authorised Persons handling Client FRTs, and amend requirements for issuing FRTs. Further guidance will be issued, with the amendments effective from 1 January 2026.
Policy & regulationRules & requirementsStablecoins
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2025-10-30•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's September 2025 Indicators for the Banking and Finance System show double-digit year-on-year growth in public deposits and the loan portfolio, with signs of credit growth deceleration. Public deposits increased by 13.5% to NIO 266,388.0 million, while the credit portfolio rose 12.9% to NIO 226,420.1 million. Liquidity stood at 33.6%, and the system reported a return on equity of 13.5% and capital adequacy of 19.1%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-30•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission and the Institute of Gaming Supervision signed a cooperation protocol to enhance coordination in regulatory, supervisory, and inspection mandates. It focuses on anti-money laundering, counter-terrorist financing, information sharing, staff training, and coordinated supervision. CMC board chairman Elmer Serrão highlighted the relevance of this cooperation in addressing supervisory challenges from digitalisation and online gaming.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2025-10-30•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission registered 2,825,952 ordinary shares by Weiser Technology AD for trading on a regulated market. It also made authorisation-related decisions, including entering Finance Ltd in the register of tied agents and acknowledging Alexander Anev's qualification as a broker. Additionally, the Commission requested further information from Karoll Capital Management EAD regarding a mutual fund permit.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-30•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo held a workshop to outline its regulatory framework for licensing crypto-asset service operators, aligned with the EU's Markets in Crypto-Assets principles. The framework includes criteria for licensing, prudential requirements, client transparency, and AML/CFT measures. Ongoing supervision and further regulatory developments are planned, with coordination from domestic authorities and the International Monetary Fund.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-10-30•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) released its second semiannual bulletin, featuring a Market Trends Report and research on Spanish venture capital and ESG controversies' impact on Ibex 35 shares. The report highlights strong equity market performance, with Spain’s Ibex 35 up 33.5%, and notes the growing significance of cryptoassets. Venture capital entities quadrupled from 2013 to 2024, while ESG controversies had limited impact on Ibex 35 returns.
ResearchMarket development
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2025-10-30•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported that the Banking and Financial System maintained a solid position in September 2025, supported by robust risk management, solvency, and liquidity. Public deposits and the credit portfolio showed double-digit year-on-year growth, although credit growth is decelerating. Key metrics include a 13.5% increase in public deposits, a 12.9% rise in the credit portfolio, and a liquidity ratio of 33.6%, with performing loans at 95.6% of loans.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-30•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission joined the launch of the TWINNING ENVOLVER+ project in Luanda, extending its partnership with the ENVOLVER initiative to support entrepreneurs and investments. The event featured presentations on the ENVOLVER pilot and TWINNING ENVOLVER+ phases, focusing on cooperation, innovation, and business capacity-building. The Commission's involvement aligns with initiatives like the EMERGENTES programme and the National Incubators Network.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-30•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) hosted Spain’s Action Plan against Financial Fraud monitoring committee, where 22 signatories agreed to enhance cooperation and information exchange. They approved creating a website for identifying and reporting scams and expanding communication and financial education initiatives for vulnerable groups. The CNMV also plans an investor survey to assess perceptions and exposure to financial fraud.
Policy & regulationCooperationConsumer and investor protection
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2025-10-30•Italy•Bank of Italy
The Bank of Italy published the Proceedings of the Ninth Public Investors Conference, featuring peer-reviewed papers on portfolio allocation and risk management for central banks, sovereign wealth funds, and public pension plans. The publication includes contributions on sustainability and artificial intelligence, stemming from the conference held in September 2024 in Singapore.
ResearchOther
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2025-10-30•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) announced the Festival Ekonomi Keuangan Digital Indonesia and Indonesia Fintech Summit & Expo 2025, co-hosted with Bank Indonesia and the Coordinating Ministry for Economic Affairs, to accelerate digital economy transformation. The event emphasizes inclusive access, service efficiency, and public trust, focusing on data- and technology-based regulation. It includes seminars, an expo, and discussions on digital payments, literacy, and consumer protection, aiming to significantly boost the digital economy's GDP contribution by 2045.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
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2025-10-30•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has begun a preliminary investigation into the Clime Australian Income Fund to assess compliance with legal requirements for its target market determination and product disclosure statement. Clime Asset Management Pty Limited is under investigation, while Clime Capital Limited and Clime Investment Management Limited are not involved. ASIC emphasized that the investigation is in its early stages and does not imply any legal breaches or forthcoming proceedings.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-10-30•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the Supreme Court of Western Australia sentenced Chris Marco to 14 years in prison for 43 fraud offences involving AUD 34,332,453, with parole eligibility after 12 years. This follows a four-year ASIC investigation into fraudulent activities between 2013 and 2018, where Marco deceitfully obtained over AUD 36.5 million from nine investors. The sentence, backdated to September 2025, is the highest in an ASIC criminal investigation.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-10-30•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand hosted the 40th South Pacific Central Bank Governors meeting, focusing on banking innovation, payment services, and financial fraud responses. Discussions included an IMF briefing on regional challenges, updates on payment systems, and fiscal-monetary policy interactions, with the Central Bank of Timor-Leste set to host the next meeting in 2026.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-10-30•Australia•Australian Securities & Investments Commission
ASIC has charged Recep Cevis with breaching directors’ duties and lodging a false document as sole director of Cevis Holding Pty Ltd and RC Engineering Consultancy Pty Ltd. Cevis allegedly entered purchase agreements for two Mercedes-Benz vehicles worth over AUD 250,000 each, despite the companies' impending liquidation and inability to repay the debt, and failed to disclose one vehicle in a lodged form. The case, prosecuted by the Office of the Director of Public Prosecutions, was first heard on 28 October 2025 and is set for a committal mention on 20 January 2026.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-10-30•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has initiated consultation on the first tranche of exposure drafts for regulatory standards under the Deposit Takers Act, including Liquidity, Depositor Compensation Scheme, Lending, and Incorporation outside New Zealand Standards, alongside a proposed Group Supervision Policy. The DTA Standards will take effect on 1 December 2028, replacing existing prudential legislation with a unified regulatory regime for all deposit takers.
Policy & regulationRules & requirementsPrudential risksRegulatory burden
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2025-10-30•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance announced that the Financial Action Task Force (FATF) has removed Mozambique from its grey list, following the completion of 26 measures in the FATF action plan. The delisting, acknowledged during a meeting between Finance Minister Carla Loveira and FATF President Elisa de Anda Madrazo, is expected to enhance access to financing and attract foreign direct investment.
Policy & regulationInternational standards & recommendationsAML and CFT
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2025-10-30•United States•Federal Deposit Insurance Corporation
FDIC Acting Chairman Travis Hill, in his Senate nomination statement, emphasized refocusing supervision on material financial risks, improving readiness to resolve large institutions, and adjusting the capital framework. Hill highlighted lessons from major bank failures, ongoing workforce culture remediation, and advocated for a tailored regulatory approach balancing risk-taking with banking system resilience.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-30•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has extended Al Rajhi Banking and Investment Company’s approval for the registration and public offering of debt instruments under a SAR 10 billion programme by three months. The Authority emphasized that this approval is not a recommendation to subscribe, but confirms compliance with legal requirements under the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-30•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay's vice president, Ana Claudia de los Heros, outlined a five-year vision emphasizing regulation as a tool for innovation and stability. Key priorities include payment interoperability, cybersecurity, open finance, and financial inclusion. The upcoming 2026–2030 Strategic Plan will review the bank's institutional role and focus on enhancing interoperable public infrastructure.
Policy & regulationReform agendas & prioritiesFintech and insurtechFinancial inclusionFinancial stability and systemic risk
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2025-10-30•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay has intervened in Compañía de Valores Pérez Marexiano Sociedad de Bolsa S.A., suspending its activities and replacing its statutory authorities. The BCU Board approved this measure on 29 October 2025, appointing Ana Chaves as intervenor with full corporate powers.
SupervisionInterventionsOther
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2025-10-30•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus hosted Bruna Szego, President of the Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA), to enhance coordination with Cyprus’s authorities amid the EU's new anti-money laundering strategy. Discussions with senior officials and roundtables focused on the new approach's opportunities and challenges, AMLA's priorities, and supervision harmonisation. AMLA began operations on 1 July 2025 and aims to be fully operational by 1 January 2028, planning to directly supervise 40 financial entities by 2027.
SupervisionCooperationCross-border cooperation
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2025-10-30•Georgia•National Bank of Georgia
The National Bank of Georgia reported Vice Governor Nino Jeladze's participation in a Tbilisi Finance Summit panel on innovation in financial services, focusing on central banks' roles in fostering competitiveness and technology adoption while ensuring stability. Discussions highlighted the future of financial infrastructure, regulatory roles in innovation, and technology integration challenges. Jeladze emphasized Georgia's evolving financial ecosystem and the National Bank's efforts to regulate fintech entrants.
Policy & regulationReform agendas & prioritiesFintech and insurtechMarket development
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2025-10-30•Georgia•National Bank of Georgia
The National Bank of Georgia's Vice Governor Ekaterine Galdava emphasized the importance of global cooperation in advancing payment-system interoperability at the Tbilisi Finance Summit. She highlighted Georgia's initiatives to upgrade the Real-Time Gross Settlement system and introduce instant payment systems. The panel also explored the role of open infrastructure and digital assets in facilitating cross-platform and cross-border transactions.
Policy & regulationGuidance & interpretationCross-border cooperationPayments and payment systems
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2025-10-30•China•Central Bank of the Republic of China
The People's Bank of China deputy governor Xuan Changneng met with Standard Chartered Group chairman Luo Ruisi and UBS Group chairman Dai Helong to discuss global economic and financial conditions. The meetings also covered financial-sector opening-up and bilateral financial cooperation.
OtherCross-border cooperation
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2025-10-30•Europe•European Banking Authority
The European Banking Authority (EBA) has advised the European Commission on a new AML/CFT framework, emphasizing a risk-based regime. The advice includes draft standards on risk assessment, customer due diligence, and breach classification. These instruments will be key to the EU AML/CFT system, with the EBA's mandate transferring to the Anti-Money Laundering Authority (AMLA) by 31 December 2025.
Policy & regulationGuidance & interpretationAML and CFT
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2025-10-30•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC issued Cryptolink an AUD 56,340 infringement notice and accepted a court-enforceable undertaking to address anti-money laundering and counter-terrorism financing deficiencies. Following AUSTRAC’s findings of reporting delays and inadequate risk assessments, Cryptolink must engage independent reviewers for compliance. AUSTRAC's efforts with crypto ATM operators continue, noting 85% of top user transactions were linked to scams and money mule activities. Further actions are anticipated if controls are not improved.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-10-30•Guernsey•Ministry of Finance (Guernsey)
Guernsey's Ministry of Finance reported on the EU Ambassador to the UK's first official visit to the island, discussing financial services, the economy, and UK-EU "reset" negotiations. Ambassador Pedro Serrano met with local leaders to address economic collaboration, environmental initiatives, and cultural projects, emphasizing Guernsey's third-country status and its interests in the reset talks.
Other
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2025-10-30•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, stressed the urgency for Europe to complete the Savings and Investments Union, including the Capital Markets and Banking Unions, supported by a coherent EU industrial strategy. He highlighted cross-border mergers and acquisitions, citing UniCredit, Credia, and Euronext, and warned against "national reservations" diluting outcomes, advocating for a unified market while addressing industrial policy and energy strategy in a geopolitically constrained environment.
Policy & regulationReform agendas & prioritiesOther
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2025-10-30•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, prioritized competitiveness at Naftemporiki’s 4th Economic Conference, advocating for deeper European integration through the Capital Markets and Banking Unions. He noted Greece's fiscal and digital progress, gaps in productivity, exports, and investment, and announced domestic measures to address growth barriers. Pierrakakis referenced IMF estimates of "invisible tariffs" in the EU and outlined Greece's economic metrics, including projected public debt reduction and increased exports and investment.
Policy & regulationReform agendas & prioritiesOther
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2025-10-30•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission published the Chinese-language keynote speech "Creating a New Landscape for Beijing-Hong Kong Capital Market Collaboration" by Dr. Kelvin Wong at the Financial Street Forum 2025.
Other
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2025-10-30•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds Administrators (SBS) issued consumer guidance on saving, advising against habits that hinder financial buffer building. Key recommendations include budgeting, setting savings goals, using SBS-supervised institutions, and minimizing unnecessary expenses. Deposits in these institutions are insured by the Deposit Insurance Fund (FSD) up to the current coverage limit.
Financial literacy & educationFinancial literacy and education
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2025-10-30•Global•International Financial Reporting Standards Foundation
The International Financial Reporting Standards Foundation has expanded the International Sustainability Standards Board’s Jurisdictional Adopters Working Group and introduced a Jurisdictional Rationale Guide to aid ISSB Standards implementation. These initiatives support "passporting" arrangements for ISSB-compliant reports, enhancing cross-market acceptance and reducing costs. They address fragmentation risks as sustainability disclosure requirements grow, with ISSB Standards serving as a global baseline for about 40% of global capital markets.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable finance
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2025-10-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert about phishing scams linked to Industrial and Commercial Bank of China (Asia) Limited, highlighting fraudulent websites and phishing emails. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-10-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced the conclusion of the Hong Kong Academy of Finance Financial Leaders Programme's field trip to Riyadh, Saudi Arabia, aimed at enhancing understanding of Saudi Arabia’s financial market and fostering Hong Kong–Saudi collaboration. The delegation engaged with key Saudi financial institutions and discussed topics including fintech innovation, digitalisation, and sustainable finance.
Policy & regulationCooperationCross-border cooperation
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2025-10-30•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) released its 2024 Report on Venture Capital Activity, highlighting market growth and a shift in supervisory priorities due to the Asset Management Regime and CMVM Regulation No. 7/2023. By end-2024, venture capital alternative investment funds (AIFs) increased 23% to 348, with assets under management rising 11% to EUR 10.3 billion. Supervisory focus included governance, internal controls, conflict of interest prevention, greenwashing risk, and anti-money laundering procedures.
SupervisionSupervision approach, priorities & toolkitOther
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2025-10-30•Global•International Association of Insurance Supervisors
The IAIS newsletter highlights structural shifts in life insurance and the widening protection gap for natural catastrophe risks. It discusses increased allocations to alternative assets, asset-intensive reinsurance, and potential financial stability risks, alongside joint efforts with the World Bank on NatCat risk management. Upcoming events include the IAIS Annual Conference and webinars on policyholder protection and climate scenarios.
Policy & regulationGuidance & interpretationMarket developmentFinancial stability and systemic risk
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2025-10-30•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) launched an investor awareness campaign during World Investor Week 2025, focusing on risks in the digital financial environment, particularly related to Artificial Intelligence (AI). CySEC is preparing an Investor Guide on AI-powered investment tools, highlighting issues like manipulated outputs and lack of personalized advice. The campaign includes lectures, media participation, and a Smart Investor booklet, with materials on CySEC’s Financial Education Portal.
Financial literacy & educationFinancial literacy and educationArtificial intelligence
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2025-10-30•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a sanctions update, directing firms to new information from the Isle of Man Treasury regarding Russia and Global Irregular Migration and Trafficking in Persons sanctions regimes. Current sanctions notices are available on the Isle of Man Treasury’s website, with subscription options for ongoing notifications.
Policy & regulationGuidance & interpretationSanctions list update
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2025-10-30•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency issued guidance on identifying and avoiding financial pyramid schemes, emphasizing their criminal nature. Indicators include high returns, aggressive advertising, recruitment bonuses, and lack of transparency or licensing. The agency warned of modern tactics using IT and social media to create credibility, with severe penalties under Criminal Code Article 217 for involvement.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-30•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan approved senior management appointments in the insurance sector, including executive body members, chief accountants, and an independent director. Appointments include A.M. Madieva, G.A. Shaukhymberdieva, V.S. Koksharov, B.A. Kozhrakov, and S.B. Shametova. The Agency clarified that qualified senior managers with existing consent can transfer within the sector without additional approval.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-10-30•Türkiye•Banking Regulation and Supervision Agency
The Banking Regulation and Supervision Agency released its Banking Sector Monthly Bulletin for September 2025, detailing financial data submitted by institutions under the Banking Law and related regulations. This publication supports supervisory transparency and public information goals.
Data & statisticsSupervisory data
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2025-10-30•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan hosted a Securitization Roundtable in Tashkent, focusing on new funding channels for Uzbekistan’s financial sector, including eurobond issuance and securitization. The event featured discussions on banking sector outlooks, case studies, and international best practices, with participation from leading Uzbek banks and global financial institutions.
Policy & regulationImplementation, projects & pilotsSecuritization
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2025-10-30•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission reported the successful InsurTech Summit 2025 in Bangkok, attracting over 300 participants. OIC Secretary-General Chuchart Pramulpol emphasized the agency's shift from regulation to collaboration, addressing challenges like climate risk and population ageing. The summit featured discussions on regulatory sandbox agility, AI governance, digital infrastructure, and business-matching activities.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2025-10-30•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned against Nasper Capital, falsely using Trade Nation Financial's FSP number 49846 for Bitcoin investments. Trade Nation Financial confirmed no ties to Nasper Capital, which isn't authorised to provide financial services in South Africa. The FSCA highlighted scam indicators and urged the public to verify authorisations and report suspicious activities.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2025-10-30•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against Mr Jacobus Hendrik Luttig and Vixheim Trading (Pty) Ltd for soliciting funds and offering trading services without authorization, promising unrealistic returns. The FSCA advises the public to verify the authorization status of financial service providers and be wary of red flags such as exaggerated returns and unsolicited offers.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-30•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned about impersonators using its name and Commissioner Unathi Kamlana's in connection with Duke Global Funding Limited. Impersonators falsely claimed transactions were flagged for breaching exchange rate thresholds and solicited fees, with one victim paying USD 24,622. The FSCA clarified it is not associated with Duke Global Funding Limited, does not request payments for international transactions, and is investigating the matter.
SupervisionAlertsFraud and scams
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2025-10-30•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority published its 2024 brochure on occupational pension provision, highlighting improved investment performance and higher coverage ratios in the second pillar of the pension system. The average investment return was 7.5%, with coverage ratios increasing to 113.1% and no fund below a 100% funding ratio. Total pension fund assets reached CHF 9.22 billion, representing approximately 123% of GDP.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-30•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) engaged with the National Confederation of Associations and Administrators of Mutualistic Property Protection and other industry entities to discuss feedback on Public Consultation No. 02/2025. This consultation pertains to a draft resolution by the National Council of Private Insurance aimed at setting standards for mutualistic property protection operations under Complementary Law No. 213/2025. SUSEP is reviewing contributions and conducting follow-up meetings to elaborate on specific suggestions.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-30•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) will participate in the seminar "Insurance and Ecological Transformation – towards COP 30" in São Paulo on 6 November. The event will explore insurance's role in ecological transition, covering topics such as Brazil’s Ecological Transformation Plan, green taxonomy, and the role of insurers as investors under Law No. 15.042 of 2024.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-10-30•Iraq•Central Bank of Iraq
The Central Bank of Iraq's Total Quality Management Department received ISO 22301:2019 certification for its Business Continuity Management System, aligning with its 2024–2026 strategic plan to enhance institutional readiness and ensure continuity of operations.
Institutional developmentCooperation & capacity buildingOperational excellence
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2025-10-30•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan held a conference on the somoni and unveiled a commemorative TJS 100 note marking 25 years since the currency's introduction. The event reviewed the transition from the Tajik rouble to the somoni and highlighted the new note's cultural and historical features. The bank plans to enhance banknote design and security using modern technology.
Monetary policyOther
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2025-10-30•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan and an International Monetary Fund delegation reviewed progress under Tajikistan’s Policy Coordination Instrument, focusing on structural reforms in monetary policy, insurance, and digitisation. Key developments include improvements in insurance financial indicators, legislative refinements, and the introduction of a required-reserve averaging mechanism. The central bank also highlighted advancements in digital services and payments infrastructure, including national RTGS and QR-code platforms.
Policy & regulationCooperationSupervision process and methodologiesFinancial stability and systemic risk
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2025-10-30•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan released an explainer on the somoni, highlighting its role as an economic instrument and a symbol of Tajikistan's independence. The note traces the currency's evolution from the Russian ruble to the Tajik ruble in 1995, and finally to the somoni in 2000, emphasizing its cultural and statehood significance.
Financial literacy & educationOther
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2025-10-30•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued FAQs to aid in implementing BSP Circular No. 1218 on large value cash transactions, emphasizing enhanced due diligence (EDD) for transactions exceeding PHP 500,000. EDD applies to cash-only payouts above this threshold, requiring supporting documents and senior management approval. The FAQs address operational expectations for monitoring and aggregation of customer activity, confirming that the circular does not override existing regulations for non-bank financial institutions.
Policy & regulationGuidance & interpretationAML and CFTPayments and payment systems
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2025-10-30•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines released updated Other Financial Corporations Survey data, revealing a 0.1% quarterly and 16.7% annual increase in domestic claims to PHP 10.7 trillion in Q2 2025. Liabilities rose to PHP 11.4 trillion, and net foreign assets increased to PHP 0.7 trillion. The data highlights shifts in investments, securities holdings, and loans, serving as a tool for the central bank's monetary and financial stability mandate.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-30•Europe•European Central Bank
The European Central Bank's Governing Council has advanced the digital euro project to its next phase, focusing on technical readiness and system setup. This phase includes pilot preparations, market engagement, and collaboration with EU co-legislators, with development costs estimated at EUR 1.3 billion. Assuming legislative adoption in 2026, pilot activities could begin by mid-2027, with potential issuance in 2029.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-10-30•Europe•European Central Bank
The European Central Bank released the October 2025 list of members for the Rulebook Development Group, detailing its chair, Patrick Papsdorf, and secretary, Sjoerd van der Vaart. The group includes representatives from European retail payments market stakeholders, the Eurosystem, and EU institutions as observers. Members span various sectors, including credit and payment institutions, third-party providers, consumer groups, and central banks.
Institutional developmentMandate & organizational structurePayments and payment systems
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2025-10-30•Serbia•National Bank of Serbia
The National Bank of Serbia refuted claims by Nova portal that sanctions against it are imminent due to the use of the Dina card at NIS gas stations. The bank emphasized that the Dina card is a domestic payment instrument and that the NIS issue is being handled at the highest state level.
Policy & regulationGuidance & interpretationOther
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2025-10-30•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore has appointed Ms Phua Wee Ling as Assistant Managing Director (Organisation and People Development), effective 1 January 2026, succeeding Mr Wong Zeng Yi. Phua will oversee several departments, including People Development and Legal, while Wong will transition to Enterprise Singapore. Under Wong's leadership, the group implemented competency frameworks, mentoring programs, and sustainability initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-30•Serbia•National Bank of Serbia
The National Bank of Serbia reported record household savings in dinars and foreign currencies for 2025, with dinar savings more profitable than euros from September 2012 to September 2025. Dinar savings increased by RSD 14.5 billion in 2025, while foreign-currency savings doubled since 2012. The bank attributed the dinar's outperformance to higher deposit rates, non-taxation of interest income, and economic stability, and plans to continue promoting domestic-currency savings.
Data & statisticsOther
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2025-10-30•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has launched a public consultation on proposed amendments to Annex III of CVM Resolution 175, targeting real estate investment funds (FIIs). The draft rule aims to modernize the FII framework by aligning it with general fund categories and incorporating established CVM practices. Key proposals include changes to unit subordination, repurchase rules, unitholder representation, and reporting requirements to improve governance and investor protection.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-10-30•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released outcomes from the Sixth Centralised Shariah Authorities Forum, focusing on governance and policy themes like takaful regulation and Shariah implications of central bank digital currencies. Attended by over 50 delegates from 10 countries, the forum discussed regulatory developments in takaful and legal reforms for takaful funds. Bank Negara Malaysia plans to issue a policy document on ta`awun in takaful by the end of 2025, while the Central Bank of the United Arab Emirates aims to enhance governance for takaful funds.
Policy & regulationCooperation
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2025-10-30•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has released a discussion paper outlining its proposed strategy for asset tokenisation in the Malaysian financial sector, aiming to develop a regulatory and development framework for tokenised financial services. The paper emphasizes collaboration to ensure a safe and sustainable roadmap.
Policy & regulationReform agendas & prioritiesTokenization
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2025-10-30•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice designating Aliakbar Ansari under the UK's Iran (Sanctions) Regulations 2023, effective in Guernsey. The designation imposes an asset freeze and inclusion on the UK sanctions list, requiring businesses to freeze related assets and report findings to the States of Guernsey Policy & Resources Committee. Firms must avoid providing funds or resources to designated persons unless permitted by a licence and notify the Commission of any affected relationships.
EnforcementSanctions & designationsNew sanctions designations
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2025-10-30•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan and the Electronic Security Service under the Ministry of Digital Development and Transport have announced enhanced cooperation on information security and cybersecurity in the financial sector. The collaboration aims to improve coordinated responses, threat awareness, and mutual information-sharing on incidents and cyberattacks. Educational initiatives will raise cybersecurity knowledge among financial-sector participants and the public.
Policy & regulationCooperationCyber resilience
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2025-10-30•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan conducted an educational session for investment companies on new capital market instruments, aligning with its 2024–2026 financial sector development strategy. The session focused on securitisation, green bonds, and sukuk, including international experiences and regulatory approaches. This initiative is part of ongoing efforts to enhance professional knowledge and awareness among market participants.
Financial literacy & educationMarket development
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2025-10-30•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held the fourth Macroeconomic Resilience sub-working group meeting to finalize the 2027–2030 socio-economic development strategy Action Plan. Central bank chair Taleh Kazimov stressed agency coordination and international practice integration to enhance macroeconomic resilience and financial stability. The draft Action Plan, with financial resource proposals, is to be submitted to the overarching working group by 1 November.
Policy & regulationReform agendas & prioritiesMacroprudential policy and tools
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2025-10-30•Zambia•Bank of Zambia
The Bank of Zambia's Governor, in a speech for the 2025 World Savings Day, warned against unlicensed financial service providers, citing recent losses from an online scheme. The Bank is collaborating with law enforcement to combat illegal activities and emphasized that consumer protection under the Banking and Financial Services Act does not cover transactions with unlicensed entities. The 2025 FinScope Survey is evaluating progress on financial inclusion targets, with results expected by year-end.
SupervisionAlertsFinancial literacy and education
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2025-10-30•Switzerland•Swiss National Bank
The Swiss National Bank's third Payment Methods Survey reveals a decline in cash acceptance in retail since 2023, though customers still have options between cash, cards, and mobile payments at physical points of sale. Public transport companies plan to limit cash acceptance, citing cost concerns. The report and additional charts are available on the Swiss National Bank's website.
Data & statistics
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2025-10-30•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a warning regarding unauthorised virtual asset activity by Margex Trading Solutions Ltd, linked to margex.com. The company, which was never authorised under the Virtual Asset Service Providers Act 2024, has been struck off and dissolved as of 18 December 2024. The FSA advises consumers to verify the licensing and regulation of virtual asset service providers and products.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-30•Portugal•Bank of Portugal
The Bank of Portugal warned that https://portufincialaid.com/ and the Telegram account “Paola Margarida Pereira Rocha” are not authorised to conduct lending or financial activities. Lending is restricted to authorised entities under the Legal Framework of Credit Institutions and Financial Companies. The central bank referred to its website for the official list of authorised lenders.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-30•Global•United Nations Environment Programme Finance Initiative
The UNEP Finance Initiative’s Principles for Sustainable Insurance Working Group for Nature released "Breaking Ground: Getting practical with nature-related assessments for insurers," offering guidance on nature-related dependency, impact, risk, and opportunity assessments. It provides practical considerations and examples for applying the Taskforce on Nature-related Financial Disclosures LEAP approach to underwriting portfolios, guiding insurers in integrating nature-related issues into underwriting and risk management.
Policy & regulationGuidance & interpretationNature-related risk
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2025-10-30•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency (Hanfa) warned of a fraudulent scheme targeting citizens via phone calls offering participation in a non-existent initial public offering of Emirates Global Aluminium. Hanfa clarified that EGA has not announced any public offering and that cTrader is trading software, not a brokerage firm. Citizens are advised to verify authorisation of investment services through Hanfa Registers and avoid payments to suspicious entities.
SupervisionAlertsFraud and scams
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2025-10-30•Russia•Central Bank of Russia
The Central Bank of Russia has revised requirements for banks' financial resilience recovery plans, effective 1 January 2026, to enhance effectiveness under stress. The updated framework includes parameters for stress scenarios, shock indicators, and mandates detailed demonstration of recovery measures. Systemically important credit institutions must submit plans by 1 July 2026, with other banks submitting upon request.
Policy & regulationRules & requirementsRecovery and resolution
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2025-10-30•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic introduced a "self-ban on lending" mechanism, allowing individuals to voluntarily restrict loan and credit access via the Tunduk digital platform. This tool aims to protect against unauthorized loans, with support from the Ministry of Digital Development and Innovation Technologies and credit bureaus. The law becomes effective on 1 November 2025.
Policy & regulationGuidance & interpretationLending
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2025-10-30•Global•ISDA
The International Swaps and Derivatives Association (ISDA) has issued a request for quote to develop a traceability tool for its Digital Regulatory Reporting solution, enhancing transparency in coding decisions linked to regulatory requirements. The tool will use artificial intelligence to map coding decisions from ISDA working group minutes, with proposals due by November 28, 2025, and a decision expected by January 30, 2026.
Policy & regulationImplementation, projects & pilotsRegulatory reporting