Back to tracker

Article archive

Showing 30,501–30,600 of 51,429 updates · Page 306 of 515

  • 2025-10-30GlobalISDA

    International Swaps and Derivatives Association calls on ESMA to streamline EU trade reporting and end dual-sided reporting

    The International Swaps and Derivatives Association (ISDA) urges EU policymakers and the European Securities and Markets Authority (ESMA) to simplify derivatives and securities financing trade reporting. ISDA cites inconsistent, duplicative rules hindering data usability and advocates for a holistic review to streamline reporting, including single-sided reporting, eliminating redundant data fields, and digitizing requirements, aligning with its Digital Regulatory Reporting initiative.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-10-30CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada publishes 2024–25 annual report reporting record intelligence disclosures and more than CAD 25 million in penalties

    FINTRAC's 2024–25 Annual Report highlights expanded financial intelligence production and increased supervisory activity under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. FINTRAC generated over 6,200 financial intelligence disclosure packages, with 96% rated as actionable by Canadian law enforcement and national security agencies. The report notes a 40% increase in assessment activities and over CAD 25 million in fines from 23 notices of violation.

    OtherAML and CFTActivity and performance reporting
  • 2025-10-30ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission urges TPCH25NA bondholders to review proposed two-year maturity extension and revised repayment terms

    The Thailand Securities and Exchange Commission advised TPCH25NA bondholders about an electronic meeting to vote on bond term amendments, including a two-year maturity extension and revised repayment schedule. If approved, the interest rate would increase from 5.50% to 6.25%, and a dedicated deposit account would be established for repayments. The SEC mandates the bondholders’ representative to evaluate the proposals' benefits and drawbacks, providing a detailed opinion.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-10-30United KingdomHM Treasury

    HM Treasury publishes minutes of Chancellor’s meeting with the Bank of England Governor on the July 2025 Financial Stability Report

    HM Treasury released minutes from a meeting between Chancellor Rachel Reeves and the Bank of England Governor, discussing the Financial Policy Committee's assessment of UK financial stability. The committee identified elevated risks from global trade policy, geopolitical tensions, and sovereign debt, with some geopolitical risks beginning to crystallise. Despite these challenges, the UK banking system is deemed strong enough to support households and businesses under worsening conditions.

    Policy & regulationOtherFinancial stability and systemic risk
  • 2025-10-30SwedenFinansinspektionen

    Sweden’s Financial Supervisory Authority flags 148 scam operators in 2025 as recovery room and pump-and-dump tactics spread

    Sweden’s Financial Supervisory Authority issued a consumer alert warning of ongoing fraud targeting consumers, with 148 actors warned in 2025. The authority highlighted tactics such as fake loan offers, upfront fee schemes, and "recovery rooms" targeting previous scam victims. It also noted a rise in "pump and dump" scams via social media, emphasizing the continuous update of its warning list on fi.se and IOSCO’s database.

    SupervisionAlertsFraud and scams
  • 2025-10-30CanadaOffice of the Superintendent of Financial Institutions

    Office of the Superintendent of Financial Institutions signals November consultation on bank capital rules and further guideline rescissions on 20 November

    OSFI Superintendent Peter Routledge announced a November consultation on a draft Capital Adequacy Requirements Guideline to boost business lending. OSFI will rescind outdated guidelines on 20 November and postponed the Life Insurance Capital Adequacy Test revision to post-2028. Routledge highlighted the pilot loan-to-income measure, stablecoin prudential risks, and OSFI's responsible AI initiatives.

    Policy & regulationRules & requirementsStablecoinsArtificial intelligence
  • 2025-10-30United StatesFederal Deposit Insurance Corporation

    Federal Deposit Insurance Corporation nominee Travis Hill outlines plans to refocus supervision and strengthen resolution readiness in Senate testimony

    FDIC Acting Chairman Travis Hill outlined his priorities to the U.S. Senate Committee on Banking, Housing, and Urban Affairs amid his nomination for FDIC Chairman. Hill emphasized focusing on material financial risks, enhancing large-bank resolvability, and addressing workforce culture issues, drawing from recent major U.S. bank failures. He committed to collaborating with Congress to uphold the FDIC's safety-and-soundness and financial stability mission.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-30EuropeEuropean Commission

    European Commission adopts equivalence decision for New Zealand benchmark regime ahead of 1 January 2026 BMR third-country rules

    The European Commission has adopted an equivalence decision recognizing New Zealand’s regulatory framework for benchmarks under the EU Benchmarks Regulation, allowing EU banks and investment funds to use New Zealand benchmarks from 1 January 2026. This decision supports access to New Zealand benchmarks through equivalence with EU standards, in cooperation with New Zealand authorities. Arrangements with the European Securities and Markets Authority are expected to facilitate supervisory information exchange.

    Policy & regulationRules & requirementsFinancial benchmarksMarket development
  • 2025-10-30United StatesFederal Reserve Board

    Federal Reserve Board issues consent prohibition orders against former First Horizon Bank and NobleBank & Trust employees for fund theft

    The Federal Reserve Board issued consent prohibition orders against two former bank employees. Md Hasan Rabbany Joy of First Horizon Bank was penalized for embezzlement, and James Woodward of NobleBank & Trust for misappropriation of customer funds.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-10-30United StatesFederal Reserve Board

    Federal Reserve Board vice chair Bowman outlines EGRPRA agenda to simplify bank regulation and streamline capital and supervision

    Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman discussed the complexity and cost of US bank regulation at an EGRPRA meeting, advocating for eliminating outdated requirements while ensuring safety. She emphasized revisiting supervisory frameworks, regulatory capital, and applications processes, suggesting simplifying rules and updating thresholds. Bowman noted ongoing Board efforts to modify the Community Bank Leverage Ratio, stress testing, and supervisory processes, focusing on material financial risks and transparency.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-10-30EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority issues mandatory complaints-handling and disclosure rules for insurers and establishes a 30-day dispute committee

    The Egypt Financial Regulatory Authority's Decision No. 77 of 2025 mandates insurance companies to follow strict disclosure, account management, and complaint handling rules. It requires a dedicated complaints function, detailed record-keeping, and periodic analysis submissions, with escalation options for unresolved complaints. Applicable to all insurers, it emphasizes clear product information, precise contracts, and customer rights to escalate complaints to the Authority.

    Policy & regulationRules & requirementsComplaints and dispute resolution
  • 2025-10-30MoldovaNational Commission for Financial Markets

    National Commission for Financial Markets orders OK CREDIT to collect only principal after breaching the 0.04% per day consumer credit cap

    The National Commission for Financial Markets (CNPF) issued decisions on consumer protection and capital markets supervision, targeting OK CREDIT SRL for exceeding statutory charge limits under consumer credit contracts. OK CREDIT must refund or adjust payments exceeding the legal maximum interest rate of 0.04% per credit day. Additional decisions include shareholder meeting documentation requirements for ASPA and adjustments to challenges by EASY CREDIT and GREEN CREDIT.

    EnforcementInvestigations & enforcement actionsConsumer and investor protection
  • 2025-10-30ChileChile Financial Market Commission

    Chile Financial Market Commission extends consultation on condominium fire insurance rules and mortgage loan insurance tender amendments

    Chile’s Financial Market Commission has extended the public consultation on a proposed framework for mandatory condominium fire insurance and amendments to insurance tender rules for mortgage loans. This initiative aligns with the new Law on Housing Co-ownership, mandating CMF to regulate fire insurance contracting, renewal, and cancellation.

    Policy & regulationRules & requirements
  • 2025-10-30ThailandBank of Thailand

    Bank of Thailand launches Thailand China cross-border QR payments linking Thai banks with Alipay UnionPay and WeChat Pay

    The Bank of Thailand announced a Thailand–China cross-border QR payment linkage, allowing Chinese users to pay at Thai merchants using Alipay, UnionPay, and WeChat Pay. The initiative connects the countries' instant retail payment systems, with Bangkok Bank and Krungthai Bank as settlement banks. BOT highlighted the linkage's support for bilateral trade, investment, and tourism, and plans to onboard more banks soon.

    Policy & regulationImplementation, projects & pilotsCross-border payments
  • 2025-10-30NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway mortgage survey finds rising loan to value ratios and debt to income back up to 329%

    Norway's Financial Supervisory Authority's 2025 Mortgage Lending Survey shows a shift towards the revised 90% maximum loan to value (LTV) limit, with borrowers taking on more debt relative to income. The average LTV for new amortising mortgages and credit lines rose to 66% and 46%, respectively, while total debt to income for new borrowers increased to 329%. The authority warns that higher borrowing against home values could expose borrowers if house prices fall.

    Data & statisticsLendingPrudential risks
  • 2025-10-30MoldovaMinistry of Finance (Moldova)

    Moldova's Ministry of Finance meets EU financial services commissioner to review legislative harmonisation progress

    Moldova's Ministry of Finance announced that Finance Minister Victoria Belous joined Prime Minister Dorin Recean in discussions with European Commissioner Maria Luís Albuquerque. The meeting focused on Moldova's legislative alignment with European Union standards in financial services and capital movement. The visit underscores the EU's support for Moldova's European integration and financial sector modernization.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-30ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission consults on draft revised procedures for administrative licensing

    The China Banking and Insurance Regulatory Commission is consulting on a draft revision of rules for administrative licensing of financial institutions, aiming to standardize processes and optimize workflows. The draft updates licensing workflows, clarifies supervision requirements, and emphasizes procedural adherence to protect market participants' rights. Public feedback will be considered before finalizing the rules.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-10-30ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission expands pension wealth management product pilot nationwide for three years and raises quotas to five times net capital after risk-capital deductions

    The China Banking and Insurance Regulatory Commission has expanded the pension wealth management product pilot to all regions for a three-year trial. The notice outlines 22 provisions, including improved product design, diversified pension services, and enhanced risk management. Participation is open to wealth management companies meeting specific criteria, with increased pilot quotas and a focus on long-term, high-quality asset investments.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-10-30ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration expands pension wealth management pilot nationwide extends it for three years and raises quotas to five times eligible net capital

    China's National Financial Regulatory Administration has expanded the pension wealth management pilot nationwide for three years, including wealth management companies meeting specific criteria. The pilot quota is increased to five times each institution’s prior-year-end net capital balance, with supervisory adjustments allowed. The notice outlines measures to enhance product design, investor services, and risk controls, including longer-dated offerings and improved risk management practices.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-10-30ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration launches consultation on revised licensing management measures for banking and insurance institutions

    China's National Financial Regulatory Administration has released a revised draft of the Measures for the Administration of Licences of Banking and Insurance Institutions for public consultation. The draft aims to standardize licence management, enhance regulatory procedures, and strengthen supervision and penalties for licence-related misconduct. Feedback will be reviewed for further revisions before implementation.

    Policy & regulationRules & requirementsLicensing framework and process
  • 2025-10-30ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission simplifies authorisation and reporting rules for open and closed mutual investment funds

    The Argentina Securities Commission (CNV) has reformed the framework for Fondos Comunes de Inversión (FCI), streamlining requirements and introducing new net worth criteria for agents. Reforms include moving FCI information submissions to the CNV-CAFCI system, simplifying fund authorisation and governance, and making permanent a transitional option for certain companies to access the SME-financing regime. CNV describes these changes as a regulatory reordering, reducing the FCI rulebook by 64 articles and 34 pages.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-10-30ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission approves its 100th General Resolution and showcases capital markets regulatory overhaul

    The Argentina Securities Commission (CNV) approved General Resolution No. 100, marking a milestone in regulatory modernization to enhance transparency and efficiency in capital markets. Key reforms include easing currency controls, introducing a safe harbor for private offerings, regulating Virtual Asset Service Providers, and implementing a tokenization regime. The CNV continues to simplify its rulebook to consolidate a modern capital markets framework.

    Policy & regulationRules & requirements
  • 2025-10-30VietnamState Bank of Vietnam

    State Bank of Vietnam Deputy Governor highlights VND 8 quadrillion household deposits and digital shift at savings roundtable

    At a World Savings Day roundtable, a State Bank of Vietnam Deputy Governor emphasized domestic savings mobilisation's role in investment and macroeconomic stability, highlighting digitalisation's impact on cost reduction and access. Household deposits reached VND 8 quadrillion, with over 95% of transactions digital. The central bank aims to maintain reasonable interest rates and support credit institutions, while banks are encouraged to expand digital savings products for financial inclusion.

    Policy & regulationCooperationFinancial literacy and education
  • 2025-10-30VietnamState Bank of Vietnam

    State Bank of Vietnam reports strong growth in non-cash and QR code payments as ATM transactions decline

    The State Bank of Vietnam reported significant growth in non-cash payments for the first nine months of 2025, with QR code transactions leading. Non-cash transactions rose 43.32% by volume and 24.23% by value compared to 2024, while ATM transactions declined. The central bank highlighted ongoing digital transformation efforts, with 53 licensed payment intermediary service providers and over 10.89 million Mobile-Money accounts, mainly in rural and remote areas.

    Data & statisticsCurrency and cash managementFinancial and market indicators
  • 2025-10-30VietnamState Bank of Vietnam

    State Bank of Vietnam officials promote savings as a pillar of digital-era financial inclusion at Hanoi roundtable

    The State Bank of Vietnam joined a Banking Times roundtable in Hanoi, emphasizing saving for household financial buffers, financial-system stability, and digital transformation. Deputy Director General Chu Khanh Lan highlighted Vietnam's 6.5% average GDP growth linked to a 29% savings-to-GDP ratio and stressed improving investment efficiency. The discussion also covered the 2020 National Financial Inclusion Strategy's goal for 25–30% of adults to hold savings at credit institutions by 2025, alongside digital savings initiatives and financial education efforts.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-30VietnamState Bank of Vietnam

    State Bank of Vietnam reports 132.4 million biometric KYC matches using chip-based ID cards and VNeID under Project 06

    The State Bank of Vietnam reported significant progress in Project 06, a digital identity programme, with over 132.4 million individual and 1.4 million corporate files matched using biometric and chip-based ID technologies. The initiative reduced individual customer scams by nearly 60% and personal accounts receiving scam proceeds by 52%. Administrative simplifications under Project 06 led to substantial time and cost savings, with 124 procedures abolished or simplified.

    Policy & regulationImplementation, projects & pilotsDigital identity
  • 2025-10-30BangladeshBangladesh Securities & Exchange Commission

    Bangladesh Securities and Exchange Commission launches consultation on draft rules for IPOs and repeat public offers of equity securities

    The Bangladesh Securities and Exchange Commission (BSEC) has released draft rules for public opinion, proposing a revised framework for initial and repeat public offers through fixed-price and book-building methods. Key provisions include eligibility criteria, disclosure requirements, and differentiated conditions for greenfield companies, with specific thresholds for book-building offers. The draft also outlines price discovery mechanisms, investor allocation splits, lock-in periods, and fee structures, with transitional provisions for applications under the repealed 2015 rules.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-10-30United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs holds hearing on nominees for Ginnie Mae, HUD, the FDIC and the U.S. Mint

    The U.S. Senate Committee on Banking, Housing and Urban Affairs held a nominations hearing for key positions in housing finance, banking, and currency institutions, including the Government National Mortgage Association and the Federal Deposit Insurance Corporation. Chairman Tim Scott emphasized priorities such as housing finance stability, affordable housing access, and regulatory reforms for the FDIC.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-30United StatesThe White House

    The White House nominates Michael Selig as Commodity Futures Trading Commission chair and commissioner

    The White House nominated Michael Selig of Florida as Chairman and Commissioner of the Commodity Futures Trading Commission, replacing Rostin Behnam and Christy Goldsmith Romero, with a term expiring April 13, 2029. Additionally, the nomination of Joel Rayburn of Oklahoma for Assistant Secretary of State for Near Eastern Affairs was withdrawn.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-30Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury publicises UK Iran sanctions asset-freeze designation of Aliakbar Ansari

    The Isle of Man Treasury has updated its sanctions list, adding Aliakbar Ansari under the Iran sanctions regime, resulting in an asset freeze. Ansari is suspected of facilitating hostile activities for the Iranian government, including providing resources to the Islamic Revolutionary Guard Corps. Entities must freeze assets immediately if linked to the UK Sanctions List and report any suspected breaches to the Financial Intelligence Unit.

    EnforcementSanctions & designationsSanctions list update
  • 2025-10-30EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority publishes October 2025 Insurance Risk Dashboard showing stable medium-level sector risks

    The European Insurance and Occupational Pensions Authority's October 2025 Insurance Risk Dashboard reports stable medium-level risks in the European insurance sector. Market risks remain elevated but stable, while insurance risks are decreasing; ESG and cyber risks are rising. Macroeconomic risks are steady, with slight improvements in profitability and solvency, and increased concerns over IT vulnerabilities.

    SupervisionRisk monitoring & watch pointsCredit riskLiquidity riskMarket risk and volatility
  • 2025-10-30AustraliaDepartment of Treasury (Australia)

    Australia's Department of the Treasury consults on draft legislation to create External Reporting Australia and consolidate standard setting across accounting auditing and sustainability

    Australia's Treasury released draft materials for a bill proposing the consolidation of the Australian Accounting Standards Board, Auditing and Assurance Standards Board, and Financial Reporting Council into External Reporting Australia. It outlines governance by a Minister-appointed Governing Council and mandates separate boards for accounting, auditing, and sustainability. The proposal includes public meetings for standard discussions and removes the Financial Reporting Council’s audit quality advice function.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-10-30MoldovaNational Bank of Moldova

    National Bank of Moldova convenes high-level dialogue on financial-sector reforms to support economic growth and EU integration

    The National Bank of Moldova hosted a workshop in Chișinău on financial-sector reforms to bolster growth amid European integration. Key discussions included Moldova's SEPA accession, alignment with European standards, sustainable finance, SME access to finance, and digital transformation. The event featured prominent figures such as European Commissioner Maria Luís Albuquerque and Moldova’s Deputy Prime Minister Cristina Gherasimov.

    Policy & regulationCooperationOther
  • 2025-10-29Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency outlines pension reform options and complementary pension plans in media interview

    The Dominican Republic's Pensions Superintendency (SIPEN) clarified aspects of the pension system, including survivors’ and disability insurance, through an interview with Superintendent Francisco A. Torres. Torres emphasized SIPEN's role in facilitating dialogue on social security law reform and outlined options to enhance pension amounts and sustainability. He noted the introduction of complementary pension plans and the investment of over 70% of affiliates’ funds in government bonds and various sectoral investment funds.

    Policy & regulationGuidance & interpretation
  • 2025-10-29PanamaSuperintendencia de Bancos de Panama

    Superintendency of Banks of Panama reports International Banking Center legal liquidity at 52.5% and capital adequacy at 15.78% in Q3 2025

    The Superintendency of Banks of Panama reported that the International Banking Center complied with Basel standards for liquidity and solvency in Q3 2025, despite a slight decline in profitability due to narrower financial margins. As of September 2025, the legal liquidity ratio was 52.5% and the capital adequacy index was 15.78%, with total assets rising 4.7% year on year to USD 158,793.7 million. Credit growth was driven by a 14.9% increase in external credit, while total deposits increased by 6.1%, led by a 10.6% rise in external deposits.

    Data & statisticsCapital adequacyLiquidity riskFinancial stability and systemic risk
  • 2025-10-29South AfricaNational Treasury (South Africa)

    South Africa's National Treasury launches consultation on modernising carbon credit rules and market infrastructure

    South Africa's National Treasury released a consultation paper on developing the carbon credit market, proposing reforms to clarify credits' legal status, enhance registry infrastructure, and align financial market rules. Recommendations include recognizing carbon credits as intangible assets, redesigning the Carbon Offset Administration System, and treating credits as "unlisted securities" under the Financial Markets Act. The paper also suggests more active oversight by financial regulators and an exchange control framework for cross-border transfers.

    Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
  • 2025-10-29KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority grants Grant Thornton a renewable three-year licence for investment advisory and asset valuation activities

    The Kuwait Capital Markets Authority has licensed Grant Thornton Management & Economic Consulting Company to operate as an Investment Advisor and for Asset Valuation. This authorization is under Resolution No. 174 of 2025 and Law No. 7 of 2010. The licence is valid for three years and is renewable.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-29ChileMinistry of Finance (Chile)

    Chile's Ministry of Finance announces CAPIF cooperation agreement with University of La Frontera to strengthen financial education and inclusion

    Chile's Ministry of Finance held a financial education event in Temuco, announcing a cooperation agreement with the University of La Frontera. Undersecretary of Finance Heidi Berner highlighted legislative advances, including the Fintech law and financial protection measures, and shared survey results on citizens' financial challenges. The agreement aims to integrate higher education institutions into a Collaborative Network for Financial Education as part of the national strategy update.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-29PanamaSuperintendencia de Bancos de Panama

    Superintendency of Banks of Panama participates in ASBA 2025 annual meetings on emerging supervisory and payments issues

    Superintendent Milton Ayón Wong of the Superintendency of Banks of Panama attended the 2025 ASBA Annual Meetings in Trinidad and Tobago, focusing on regional and global financial challenges. Key discussions included macrofinancial developments, cross-border cooperation, payment systems, and bank insolvency regimes. The event featured high-level meetings with ASBA, the Basel Committee on Banking Supervision, and the Financial Stability Institute.

    SupervisionCooperationCross-border cooperationPayments and payment systemsStablecoins
  • 2025-10-29MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro outlines early SEPA membership outcomes and plans for a TIPS Clone instant payments solution

    Governor Irena Radovic of the Central Bank of Montenegro highlighted Montenegro as the first Western Balkan country to meet full SEPA membership requirements, enhancing euro payment efficiency and security. She noted increased digital service use among SMEs and households, and ongoing regulatory work on payment systems and anti-money laundering. Radovic announced collaboration with the Bank of Italy to implement a TIPS Clone solution for instant euro payments, laying groundwork for future services like QR-code payments and instant cross-border transfers.

    Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
  • 2025-10-29SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission authorizes INOCSA's voluntary tender offer for Grupo Catalana Occidente at EUR 49.75 per share

    The Spanish Securities Commission (CNMV) has authorized INOC, S.A. (Inocsa) to launch a voluntary public tender offer for Grupo Catalana Occidente, S.A., targeting 37.97% of the share capital. The offer includes a cash consideration of EUR 49.75 per share or a share exchange option, capped at 8,000,000 shares. The bid's effectiveness requires acceptance of at least 12.24% of the capital, with a bank guarantee of EUR 2,277,947,900 from Caixabank, S.A.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-10-29IndonesiaOJK

    Indonesia's Financial Services Authority facilitates lender meeting with PT Dana Syariah Indonesia after imposing business activity restrictions

    Indonesia's Financial Services Authority (OJK) met with PT Dana Syariah Indonesia (DSI) and lenders to address fund return delays. OJK imposed a Business Activity Restriction on DSI, prohibiting new fundraising and asset transfers without approval, while requiring staged repayment obligations. OJK is collecting information for potential regulatory breaches and instructed DSI to prioritize lender repayments and maintain transparent communication.

    SupervisionInterventionsLendingSupervision process and methodologies
  • 2025-10-29ItalyBank of Italy

    Bank of Italy sets out its Salone dei Pagamenti 2025 programme focusing on digital euro, DLT infrastructures and payment security

    The Bank of Italy will participate in the tenth Salone dei Pagamenti in Milan from 29 to 31 October 2025, featuring contributions in conference sessions and an exhibition presence. Discussions will cover payment security, cyber fraud prevention, the digital euro, and distributed ledger technology initiatives. The Bank will also operate exhibition stalls on the digital euro and career opportunities.

    Other
  • 2025-10-29New ZealandReserve Bank of New Zealand

    Reserve Bank of New Zealand Governor Hawkesby reiterates operational independence alongside partnership with government and stakeholders

    Reserve Bank of New Zealand Governor Christian Hawkesby emphasized the importance of central bank operational independence within a partnership framework to support economic wellbeing, highlighting the government's role in monetary policy and financial stability. He advocated for transparency, accountability, and collaboration with various stakeholders, including the Council of Financial Regulators, the financial industry, and other sectors.

    Policy & regulationGuidance & interpretationOther
  • 2025-10-29AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission bans former Crown Wealth Group director Brendan Rodwell for two years over fees for no service breach reporting failures

    The Australian Securities & Investments Commission (ASIC) has banned Brendan Rodwell, former director of Crown Wealth Group Pty Ltd, from financial services roles for two years due to inadequate training and competence in addressing fees for no service (FFNS) conduct by Lighthouse Partners. Rodwell failed to report the FFNS conduct to ASIC within the required timeframe and did not ensure proper investigation and remediation for affected clients. The ban, effective from 23 October 2025, is recorded on ASIC’s banned and disqualified register.

    EnforcementSanctions & designationsOther
  • 2025-10-29AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission secures interim travel restraint orders against Blockchain Global director Ryan Xu

    The Australian Securities & Investments Commission (ASIC) has obtained interim travel restraint orders against Zijing Xu, also known as Ryan Xu, a director of Blockchain Global Limited, amid an investigation into the collapse of the ACX Exchange. The Federal Court's orders, issued on 20 October 2025, prevent Mr. Xu from leaving Australia until 20 December 2025. The case is scheduled for an inter partes hearing on 30 October 2025.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-10-29UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market sets three OKR-based strategic goals for market development through April 2027

    The Ukraine National Commission on Securities and Stock Market outlined three strategic goals for financial market development through April 2027. These include expanding capital market instruments, attracting private capital for economic recovery, and strengthening institutional capacity with risk-based supervision and digital tools. The strategy aims to enhance transparency, investor trust, and alignment with international standards.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-10-29Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority approves View United Real Estate Development capital increase to SAR 66 million via 1-for-1 bonus shares

    The Saudi Arabia Capital Markets Authority approved View United Real Estate Development Company's capital increase from SAR 33 million to SAR 66 million by issuing one bonus share per existing share. The increase will be funded by transferring SAR 18 million from the "Share premium" account and SAR 15 million from "Retained earnings." The company must hold an extraordinary general assembly within six months and comply with regulatory requirements.

    SupervisionAuthorisations & approvalsCapital adequacy
  • 2025-10-29AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission updates digital asset guidance and grants a sector-wide no-action position until 30 June 2026

    The Australian Securities & Investments Commission (ASIC) updated Information Sheet 225, clarifying that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are financial products needing a licence. To aid transition before government reforms, ASIC issued a sector-wide no-action position until June 2026 and proposed relief for certain stablecoins, wrapped tokens, and custodians. ASIC will consider the no-action position in evaluating past conduct but will address significant consumer harm or systemic misconduct.

    Policy & regulationGuidance & interpretation
  • 2025-10-29PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan commissions ICAP and ICMAP to propose reforms to the cost audit regime

    The Securities and Exchange Commission of Pakistan held a follow-up consultation on reforming the cost audit regime, emphasizing its compliance-heavy nature with limited utility. The meeting aimed to align the regime with international standards, focusing on cost accounting statement formats, audit scope, and filing mechanisms. The Institute of Chartered Accountants of Pakistan and the Institute of Cost and Management Accountants of Pakistan will jointly review and submit recommendations to the SECP.

    Policy & regulationReform agendas & prioritiesAccounting and financial reporting
  • 2025-10-29ChinaCentral Bank of the Republic of China

    People's Bank of China hosts 52nd EMEAP payments and market infrastructure working group meeting to deepen regional cooperation

    The People's Bank of China hosted the 52nd EMEAP Working Group on Payments and Market Infrastructure meeting in Wuxi, focusing on regional coordination in payment systems and oversight. Discussions included cross-border payment connectivity, fraud prevention, and regulatory mechanisms. The meeting involved 49 officials from central banks and monetary authorities across 11 East Asia-Pacific economies, with participation from the BIS Innovation Hub, Payment and Clearing Association of China, and SWIFT.

    Policy & regulationCooperationCross-border cooperationPayments and payment systems
  • 2025-10-29EuropeEuropean Banking Authority

    European Banking Authority issues final draft standards for assessing materiality of CVA risk from fair-valued securities financing transactions

    The European Banking Authority (EBA) published final draft Regulatory Technical Standards (RTS) on assessing the materiality of credit valuation adjustment (CVA) risk exposures from fair-valued securities financing transactions. The RTS introduce a quantitative threshold approach and mandate quarterly assessments to determine exemptions from own funds requirements for CVA risk. Developed under Article 382(6) of the Capital Requirements Regulation, these standards have been submitted to the European Commission.

    Policy & regulationRules & requirementsCredit riskMarket risk and volatility
  • 2025-10-29GermanyMinistry of Finance (Germany)

    Germany’s Federal Ministry of Finance secures cabinet approval for draft law mandating fund liquidity management tools and implementing EU fund and CCP reforms

    Germany's Federal Ministry of Finance announced the Federal Cabinet's approval of a draft Fund Risk Limitation Act to align national law with new EU requirements. The act mandates liquidity management instruments for funds and updates financial market rules per the revised EU framework for central counterparty clearing. It also amends the German Investment Code to enhance fund manager flexibility and competitiveness, aiming to expand investor options and bolster Germany's appeal as a fund domicile.

    Policy & regulationRules & requirementsLiquidity riskPrudential risks
  • 2025-10-29EuropeEBA Clearing

    EBA CLEARING partners with CBI and Nexi to enable request to pay for Italian public administration bills

    EBA CLEARING, CBI, and Nexi are enabling "request to pay" message transmission between Italian citizens and public administrations, allowing payment notices via bank channels. The initiative uses CBI Globe infrastructure, EBA CLEARING’s R2P Service, and Nexi’s technology, following pan-European rules and ISO 20022 messaging. This is Italy's first request to pay use case, with plans for national and SEPA-wide expansion.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-10-29BermudaBermuda Monetary Authority

    Bermuda Monetary Authority to issue Q4 2025 consultation on a new Special Purpose Insurer framework for parametric products

    The Bermuda Monetary Authority plans to consult in the fourth quarter of 2025 on a new Special Purpose Insurer framework tailored for parametric products, building on Bermuda’s existing regime used in the insurance-linked securities market. The initiative responds to widening protection gaps from evolving natural catastrophe and emerging risks such as cyber, and aims to create a regulatory framework to support a more robust parametric market with faster claims and payouts than traditional indemnity insurance.

    Policy & regulationReform agendas & prioritiesClimate risk and sustainable financeMarket development
  • 2025-10-29LaosBank of the Lao

    Bank of the Lao joins SEACEN governors meetings in Indonesia and is confirmed as SEACEN host and chair for 2027

    The Bank of the Lao announced its future hosting and chairing roles at the SEACEN Governors’ Conference and Board of Governors’ Meeting in Indonesia. Discussions focused on regional financial integration, cross-border payments, and sustainable finance. The Bank of the Lao will host the 2026 and 2027 SEACEN events and chair SEACEN in 2027.

    Policy & regulationCooperationOther
  • 2025-10-29AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority launches second consultation on principles-based capital settings for longevity products

    The Australian Prudential Regulation Authority has initiated a second consultation on changes to the life insurance capital framework for longevity products, including annuities. Updated proposals and draft prudential standards aim to enhance product development and availability while protecting policyholder interests. Refinements from the June 2025 consultation include a shift to a principles-based approach for capital requirements, promoting growth and competitive pricing for Australian retirees.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-10-29PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendence of Banking, Insurance and Private Pension Fund Administrators spotlights AI and deepfake-enabled AML/CFT threats and calls on firms to audit websites and controls

    Peru's SBS highlighted organized crime's misuse of new technologies for money laundering and terrorist financing during AML Prevention Week. The session emphasized risks from generative AI, deepfakes, and AI-driven phishing, urging companies to audit systems for vulnerabilities. Paraguayan specialist Guillermo García Orué advised proactive measures to identify and mitigate these threats.

    SupervisionAlertsAML and CFTArtificial intelligence
  • 2025-10-29Latin AmericaFinancial Action Task Force of Latin America (GAFILAT)

    Financial Action Task Force of Latin America opens public enrollment for CAMPUS GAFILAT e-learning courses

    The Financial Action Task Force of Latin America (GAFILAT) has launched CAMPUS GAFILAT, offering free, self-paced online training on regional money laundering threats, virtual assets, and AML/CFT typologies. Courses are available in Spanish and English and include a comprehensive module on the FATF 40 Recommendations. Access to the courses is available from 15 November to 15 February 2025.

    Financial literacy & educationAML and CFT
  • 2025-10-29KazakhstanAgency 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 grants Alatau City Invest a foreign-currency banking operations licence

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has granted JSC Alatau City Invest licence No. 3.4.7, authorizing it to conduct banking operations in foreign currency.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-29GhanaBank of Ghana

    Bank of Ghana launches stakeholder workshop to refine draft National Payment Systems Strategy 2025–2029

    The Bank of Ghana launched its National Payment Systems Workshop to discuss the Draft National Payment Systems Strategy (2025–2029), aiming to enhance resilience, inclusivity, and global competitiveness in Ghana's payments ecosystem. The strategy addresses progress and challenges from the previous plan, including digital payment expansion, interoperability, and regulatory frameworks, while tackling issues like virtual assets, competition, and cybersecurity. Stakeholder input will refine the strategy to adapt to evolving payment landscape dynamics.

    Policy & regulationReform agendas & prioritiesPayments and payment systems
  • 2025-10-29UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan amends consumer banking rules with new loan-risk disclosures and bans on unfair practices

    The Central Bank of the Republic of Uzbekistan has amended regulations to enhance consumer protection in banking, introducing new disclosure and conduct obligations for commercial banks. Key changes include a checklist for informing borrowers of loan risks, restrictions on unfair practices, and requirements for detailed information on deposit guarantees. These amendments, registered with the Ministry of Justice, will be effective from January 29, 2026.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2025-10-29UzbekistanCentral Bank of the Republic of Uzbekistan

    Central Bank of the Republic of Uzbekistan hosts forum day focused on practical implementation of financial sector data management projects

    The Central Bank of the Republic of Uzbekistan, in collaboration with KPMG and the CDO OTP Group, hosted a forum on data management in the financial sector. Discussions centered on building effective data management systems and adopting international best practices, with participation from non-bank credit organizations and the National Association of Microfinance Institutions.

    Policy & regulationImplementation, projects & pilotsData management
  • 2025-10-29IsraelBank of Israel

    Bank of Israel reports September Index of Economic Activity up 1.8 percent

    The Bank of Israel's monthly Index of Economic Activity reported a 1.8% increase in September, with a four-month average growth of 0.2%, below the long-term trend. The index was bolstered by credit card purchases, trade, and labor market data, while negative contributions included the US purchasing managers index and gasoline consumption.

    Data & statisticsEconomic data and developments
  • 2025-10-29Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina publishes September update estimating 4.33% core inflation and 4.84% services inflation in 2025 to date

    The Central Bank of Bosnia and Herzegovina reported core inflation at 4.33% and services-sector inflation at 4.84% for the first nine months of 2025. September saw a slight increase in inflation pressures, notably in telephone and fax services due to their weight, although the price rise was minimal. Health care services, hotels, restaurants, and personal care services contributed to core inflation persistence, with housing rents rising significantly but having a low weight.

    Data & statisticsEconomic data and developments
  • 2025-10-29BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance launches dialogue cycle to assess five years of the Regulatory Sandbox and gather input for improvements

    The Brazilian Superintendence of Private Insurance (SUSEP) has initiated an "Open Dialogue" on its Regulatory Sandbox to evaluate results and gather stakeholder input for potential regulatory refinements. Since the sandbox's inception, 21 companies have been authorized, with 11 obtaining or seeking definitive insurer status. The initiative will proceed in three phases, culminating in a technical report to assess impacts and propose regulatory enhancements.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-10-29TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan reissues Furuz microdeposit credit organisation’s banking licence in a new approved format and voids the 2022 licence

    The National Bank of the Republic of Tajikistan has issued a new banking licence to the limited liability company microdeposit credit organisation Furuz for operations in national and foreign currency. The previously granted licence from 28 March 2022 has been declared invalid.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-29ArubaCentral Bank of Aruba

    Central Bank of Aruba publishes Confidence in Cash survey showing continued reliance on cash and high trust in florin banknotes

    The Central Bank of Aruba's Confidence in Cash report reveals that while cash remains prevalent for daily transactions, there is an anticipated shift towards electronic payments in the next three to five years. The survey highlights strong confidence in banknote authenticity, particularly for ATM withdrawals, despite fragmented recognition of security features.

    ResearchCurrency and cash management
  • 2025-10-29Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Superintendency of Banks of the Dominican Republic highlights eKYC, regulatory sandbox and digital banking adoption in Madrid speech

    The Superintendency of Banks of the Dominican Republic highlighted digital banking advancements and regulatory measures, including eKYC and a regulatory sandbox, during a conference in Spain. Superintendent Alejandro Fernández W. noted high user trust in banking apps and significant fintech partnerships. The Dominican banking system, with assets of USD 65.81 billion and a solvency ratio of 18.4%, showed strong financial integrity and improved Transparency International’s Corruption Perceptions Index rankings.

    Policy & regulationGuidance & interpretationFintech and insurtechDomestic cooperation
  • 2025-10-29GermanyBaFin

    Germany's Federal Financial Supervisory Authority BaFin to extend conduct supervision reviews to property and casualty insurance and scrutinise price-walking

    Germany's Federal Financial Supervisory Authority (BaFin) outlined priorities to enhance the insurance sector's viability, focusing on customer value and expanding conduct supervision beyond life insurance. BaFin emphasized cautious pricing of guaranteed benefits, scrutiny of non-risk-based pricing, and adopting new technologies like AI while managing associated risks. Strong governance and effective risk management were underscored as essential for insurers' resilience amid economic, geopolitical, and climate-related challenges.

    SupervisionSupervision approach, priorities & toolkitCorporate governance
  • 2025-10-29South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes end-September 2025 international reserves template showing USD 69,739 million of official reserve assets

    The South African Reserve Bank's end-September 2025 report shows official reserve assets at USD 69,739 million. It details short-term foreign-currency assets and liabilities, including central government deposits, financial derivatives, and net drains. The reserves comprise USD 66,333 million in Special Drawing Rights basket currencies and USD 3,406 million in other currencies.

    Data & statisticsBalance of payments and other external statistics
  • 2025-10-29EstoniaFinantsinspektsioon

    Estonia's Financial Supervision Authority selects Kerstin Pilt to chair the management board from 16 January 2026 and adds Gerd Laub as a new member

    The Supervisory Board of Estonia's Financial Supervision Authority appointed Kerstin Pilt as Chair of the Management Board, effective 16 January 2026. The board will include Andre Nõmm, Andres Kurgpõld, and new member Gerd Laub, while Siim Tammer will not continue. The appointments aim to maintain supervisory standards and refresh the culture, with Pilt bringing extensive experience from Swedbank Baltic and previous roles at the authority.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-29PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines warns public against 'UNA Financing Corporation' impostor misusing BSP name, logo and personnel names

    The Central Bank of the Philippines issued an alert warning against fraudulent use of its name and logo by an entity falsely claiming to be "UNA Financing Corporation." The legitimate UNA Financing Corporation, registered with the Securities and Exchange Commission, is not involved and is collaborating with the central bank to protect the public. The matter has been referred to the Securities and Exchange Commission for investigation.

    SupervisionAlertsFraud and scams
  • 2025-10-29South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports September 2025 corporate debt and equity issuance up 47% month on month to KRW28.7 trillion

    South Korea's Financial Supervisory Service reported a 47.0% increase in corporate financing for September 2025, with combined debt and equity issuance reaching KRW28.6941 trillion. Debt issuance surged 52.0% to KRW28.3243 trillion, driven by significant rises in corporate bonds and financial debentures. Equity issuance declined 58.3% to KRW369.8 billion, despite four initial public offerings.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-29EuropeEuropean Central Bank

    European Central Bank President Lagarde calls for faster EU decision-making using Treaty tools and 28th regimes

    European Central Bank President Christine Lagarde, in Florence, noted Europe's governance and incomplete internal market hinder its response to global shocks. She advocated for creative use of existing structures, suggesting expanded qualified majority voting and "28th regimes" to streamline EU decision-making. Lagarde emphasized the need for faster action amidst global challenges like pandemics, tariffs, energy shocks, and conflicts.

    Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
  • 2025-10-29PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission consults on recalibrated caps including 10 percent monthly effective interest rate for small unsecured loans

    The Philippine Securities and Exchange Commission has released a draft Memorandum Circular for public comment, proposing new caps on interest rates and fees for financing and lending companies. The draft sets a nominal interest rate ceiling of 6% per month and an effective interest rate ceiling of 10% per month for unsecured loans up to PHP 20,000 with a tenor of up to six months. Non-compliance may result in fines, suspension, or revocation of licenses.

    Policy & regulationRules & requirementsLending
  • 2025-10-29SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore consults on consolidating SGX Mainboard listing reviews under SGX RegCo

    The Monetary Authority of Singapore is consulting on proposals to consolidate listing review functions under Singapore Exchange Regulation (SGX RegCo) to streamline the SGX Mainboard listing process. This aims to provide issuers with greater certainty on process and timelines by making SGX RegCo the single point of engagement. SGX RegCo will focus on admitting quality issuers and ensuring disclosure, while MAS will continue its role in market surveillance.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-10-29SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore consults on moving listing suitability and prospectus review under Singapore Exchange Regulation

    The Monetary Authority of Singapore is consulting on proposals to consolidate listing suitability and prospectus review functions under Singapore Exchange Regulation to streamline the listing process for issuers. The consultation, published as P016-2025, addresses disclosures related to offers of securities or securities-based derivatives contracts.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-10-29South KoreaSouth Korea Financial Services Commission

    South Korea Financial Services Commission launches AI-based ASAP platform for real-time vishing scam data sharing across 130 financial companies

    The South Korea Financial Services Commission launched the AI-based Anti-phishing Sharing and Analysis Platform (ASAP) to enhance vishing scam prevention through real-time data sharing and AI detection. ASAP involves around 130 financial companies sharing vishing-related data, with plans to include telecommunications and investigative authorities. Legislative revisions are anticipated to support ASAP's operation and bolster personal information protection in the financial sector.

    Policy & regulationImplementation, projects & pilotsFraud and scams
  • 2025-10-29EstoniaCentral Bank of Estonia

    Central Bank of Estonia schedules release of fourth-quarter 2025 savings and loan association statistics for 29 January 2026

    The Central Bank of Estonia will publish its statistical release on savings and loan associations for Q4 2025 on 29 January 2026. The release will detail changes in assets, loans, deposits, and interest rates, and is issued independently of economic policy communications.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-29BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission orders immediate halt to Kadryx Financial Services’ unlicensed securities portfolio management offers in Brazil

    The Brazil Securities Commission (CVM) has ordered Kadryx Financial Services Ltda. to cease offering securities portfolio management services in Brazil due to lack of CVM authorization. The Institutional Investor Relations Superintendence (SIN) highlighted unauthorized offers via the firm's website and messaging apps. Non-compliance could lead to a daily fine of BRL 100,000 and potential sanctions for prior infringements.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-10-29BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission upgrades Empresas.Net with structured controller remuneration field, mandatory from the 2026 Reference Form

    The Brazil Securities Commission (CVM) announced an enhancement to the Empresas.Net filing system, effective 10 November 2025. The update restructures the "Remuneração reconhecida do controlador/controlada" field in the Reference Form (FRE), with mandatory completion starting in 2026.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-10-29MalaysiaBank Negara Malaysia

    Bank Negara Malaysia imposes MYR 87,000 administrative penalty and compound on JAGS Money for customer due diligence and receipt breaches

    Bank Negara Malaysia fined JAGS Money Sdn. Bhd. MYR 17,400 for non-compliance with customer due diligence and MYR 69,600 for not issuing receipts for money-changing transactions. The breaches, found during an on-site examination, were linked to a former employee, leading JAGS to improve employee guidelines and monitoring. BNM stressed the importance of AML/CFT compliance and affirmed its commitment to enforcement actions per its Enforcement Approach.

    EnforcementInvestigations & enforcement actionsAML and CFTCompliance
  • 2025-10-29AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan signs memorandum of understanding with Türkiye’s Insurance and Private Pensions Regulation and Supervision Agency to strengthen insurance supervision cooperation

    The Central Bank of the Republic of Azerbaijan and Türkiye’s Insurance and Private Pensions Regulation and Supervision Agency have signed a memorandum of understanding to enhance cooperation in insurance-sector regulation and supervision. The agreement includes information exchange, technical assistance, and mutual consultations to support market oversight and regulatory framework development. It also covers training programs, seminars, and projects to address insurance-sector developments and digitalisation trends.

    Policy & regulationCooperationDomestic cooperation
  • 2025-10-29CanadaOntario Securities Commission

    Ontario Securities Commission SME Institute to host free webinar on proposed NI 43-101 mineral project disclosure revisions

    The Ontario Securities Commission will host a free webinar for small and medium enterprises on proposed revisions to National Instrument 43-101 Standards of Disclosure for Mineral Projects. It will cover the regulatory framework, proposed amendments, implications for mining companies, and guidance on Qualified Person criteria and Indigenous rightsholder disclosure. Webinar replays will be accessible on the OSC website and YouTube channel.

    Financial literacy & educationDisclosures
  • 2025-10-29ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay highlights economic resilience and monetary policy credibility in S&P rating review meeting

    The Central Bank of Paraguay said it used a meeting with S&P analysts during the country's annual rating review to underline economic resilience, stronger medium-term growth drivers and the credibility of monetary policy. It also pointed to the December 2024 cut in the inflation target to 3.5 percent from 4 percent, the financial system's shock-absorption capacity and strong net international reserves. Paraguay holds Moody's investment grade rating and is one notch below that level with S&P and Fitch.

    Policy & regulationRules & requirementsCredit ratings
  • 2025-10-29PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission fines Surity Cash Lending Investors Corporation PHP 1 million for unfair debt collection practices

    The Philippine Securities and Exchange Commission fined Surity Cash Lending Investors Corporation PHP 1 million for unfair debt collection practices, violating SEC Memorandum Circular No. 18, Series of 2019. The violations included prohibited debt collection conduct and failure to comply with customer service requirements. The SEC warned that further violations could lead to more severe penalties.

    EnforcementInvestigations & enforcement actionsLendingConsumer and investor protection
  • 2025-10-29RussiaCentral Bank of Russia

    Central Bank of Russia issues information letter on avoiding unfair client disclosures and misleading marketing

    The Central Bank of Russia issued an information letter to market participants highlighting unfair practices in financial product and service communications. It identified issues such as incomplete disclosure of product information, misleading marketing comparisons, and false claims of approval by the Bank. The regulator recommends providing timely, user-friendly, and reliable information to consumers.

    Policy & regulationGuidance & interpretationConsumer and investor protection
  • 2025-10-29KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic amends rules to enforce customer self-bans on entering credit agreements

    The National Bank of the Kyrgyz Republic has amended regulatory acts to align with new legislation on credit information exchange and customer self-bans on credit transactions. Individuals can now set or remove self-bans via the state electronic services portal. Banking service providers must verify self-ban status and refuse credit agreements if a self-ban is active.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2025-10-29KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic amends its regulatory acts to align with updated national legislation

    The National Bank of the Kyrgyz Republic has amended its normative legal acts to align with recent legislative changes in areas such as road traffic, property registration, pledges, state language application, and the securities market. These amendments also consider updates to the Kyrgyz Republic Budget Code and other National Bank regulations. The resolution is available on the National Bank's official website.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-10-29MaltaCentral Bank of Malta

    Central Bank of Malta reports above-average business activity growth in September alongside slightly lower policy uncertainty

    The Central Bank of Malta reported that its Business Conditions Index showed strengthened business activity growth in September, remaining above its historical average. Meanwhile, the Economic Policy Uncertainty Index decreased slightly but continued to be elevated above its historical average.

    Data & statisticsEconomic data and developments
  • 2025-10-29IcelandCentral Bank of Iceland

    Central Bank of Iceland publishes Financial Stability Committee minutes and keeps countercyclical capital buffer at 2.5%

    The Central Bank of Iceland's Financial Stability Committee maintained the countercyclical capital buffer at 2.5% after discussing risks to financial stability, including domestic markets, private sector debt, and financial institutions’ resilience. The committee reviewed stress tests of systemically important banks and addressed issues like fiscal debt, real estate market impacts, and geopolitical uncertainties.

    Policy & regulationRules & requirementsFinancial stability and systemic risk
  • 2025-10-29CanadaCanadian Securities Administrators

    Canadian Securities Administrators acknowledges CIRO update on planned rule amendments for an incorporated advisor compensation option

    The Canadian Securities Administrators (CSA) acknowledged the Canadian Investment Regulatory Organization (CIRO) Bulletin updating on CIRO's project to develop rule amendments for an incorporated advisor compensation option. CIRO is harmonizing advisor relationships and compensation across investment and mutual fund dealers, with draft rules subject to CSA approval. The CSA will monitor CIRO's progress as part of its oversight activities.

    Policy & regulationRules & requirementsOther
  • 2025-10-29EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority participates in International Organization of Securities Commissions board meeting with Financial Stability Board chair on deeper cooperation and systemic risk reform

    Egypt Financial Regulatory Authority Chair Mohamed Farid joined an IOSCO Board meeting with FSB Chair Andrew Bailey to enhance cooperation and review financial market reforms for global stability. Farid stressed revisiting crisis management and systemic risk oversight due to evolving financial instruments and technologies. The meeting concluded with a call for flexible regulatory frameworks and continued IOSCO-FSB coordination to bolster financial system resilience.

    Policy & regulationCooperationFinancial stability and systemic riskMacroprudential policy and tools