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  • 2025-10-28CanadaOntario Securities Commission

    Ontario Securities Commission issues temporary cease trade order against Adam Joseph Arquette and Arquette Insurance and Wealth Management

    The Ontario Securities Commission (OSC) issued a Temporary Cease Trade Order against Adam Joseph Arquette and Arquette Insurance and Wealth Management for potential unregistered trading, advising, and fraud. The OSC is investigating breaches of Ontario securities law, noting neither party is registered or authorized to trade in securities in Ontario. Investors should verify registration and report any contact with the parties to the OSC.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activityFraud and scams
  • 2025-10-28ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay launches consultation on payment service provider roles registration and disclosure rules

    The Central Bank of Paraguay has launched a consultation on draft rules for payment service providers under the new National Payments System law. The proposal would define PSP roles, require registration with the central bank, and impose rules on fund segregation, fee and terms disclosure, user treatment, and data and cybersecurity standards. Comments are due by Nov. 12, 2025.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-10-28ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay reports Social Security Council approval of public competition for retirement and pensions superintendent

    The Central Bank of Paraguay said the Social Security Council approved the terms for a public competition to appoint the Superintendent of Retirement and Pensions. The call will be published in the coming days on the websites of the Ministry of Economy and Finance, the central bank and the Labor Ministry, with a 15-day application window. The council also set up a support committee for the selection process and reviewed a preliminary training plan for the new supervisory framework.

    Policy & regulationImplementation, projects & pilotsHiring and recruitment
  • 2025-10-28GlobalGlobal Legal Entity Identifier Foundation

    Global Legal Entity Identifier Foundation opens a representative office in Shanghai to expand LEI and vLEI adoption in China

    The Global Legal Entity Identifier Foundation (GLEIF) has opened a representative office in Shanghai's Lin-gang Special Area to meet rising demand for the Legal Entity Identifier (LEI) and verifiable LEI (vLEI), and to enhance digital organizational identity in China. This expansion, led by Yanzhao Zhang, aims to strengthen collaboration with local authorities and support China's cross-border trade and digital trust initiatives.

    Institutional developmentMandate & organizational structureOther
  • 2025-10-28SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns kkex.com operator KKEX Technology Co lacks authorization under the Virtual Asset Service Providers Act 2024

    The Seychelles Financial Services Authority (FSA) warned about unauthorised virtual asset service activity linked to kkex.com, operated by KKEX Technology Co., Ltd., lacking authorisation under the Virtual Asset Service Providers Act, 2024. KKEX Technology Co., Ltd was dissolved on 18 December 2024, and consumers are advised to verify the licensing of virtual asset service providers. The FSA will continue monitoring and encourages reporting suspected unauthorised activities.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-28SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns bithash.net is operating without authorisation under the Virtual Asset Service Providers Act

    The Seychelles Financial Services Authority (FSA) warned about unauthorised virtual asset activity linked to bithash.net, operated by Phoenix Trading Solutions LTD, lacking authorisation under the Virtual Asset Service Providers Act, 2024. Phoenix Trading Solutions LTD was dissolved on 1 January 2023. The FSA advises consumers to verify the licensing status of virtual asset providers and report suspected unauthorised activities.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-28PhilippinesPhilippine Securities and Exchange Commission

    Philippine Securities and Exchange Commission reports PHP 80.3 million in fee discounts for MSMEs and other corporations under 2025 reforms

    The Philippine Securities and Exchange Commission announced that three corporate sector reform circulars have resulted in PHP 80.3 million in discounts across 40,157 transactions since July, with PHP 40.9 million benefiting micro, small, and medium enterprises (MSMEs). These circulars aim to promote MSME incorporation and streamline capital market access. Key measures include a 50% discount on company filings and related services, discounted filing fees for MSMEs, and a 30% discount on registration fees for capital market access.

    Policy & regulationRules & requirementsSME financing
  • 2025-10-28GlobalUnited Nations Environment Programme Finance Initiative

    United Nations Environment Programme Finance Initiative outlines how countries’ updated NDCs and National Transition Plans can unlock private investment ahead of COP30

    The UNEP FI emphasized updated NDCs and National Transition Plans to enhance climate target investability and mobilize private capital. In 2023, global climate finance contributions hit USD 1 trillion, with 62 countries, including Nepal and Brazil, updating NDCs. UNEP FI highlights linking policy measures to investment and assessing strategies for private-sector engagement.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-10-28United KingdomPrudential Regulation Authority

    Prudential Regulation Authority confirms retirement of the Pillar 2A refined methodology from 1 January 2027 and finalises IRRBB and pension risk clarifications

    The Prudential Regulation Authority (PRA) published near-final Policy Statement PS18/25, detailing the retirement of the Pillar 2A “refined methodology” and the implementation of the Basel 3.1 standardised approach to credit risk. Despite opposition, the PRA maintained its approach, expecting the changes to be broadly neutral for firms' capital requirements. Clarifications to interest rate risk in the banking book and pension obligation risk policies were made, with some changes deferred pending further review.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-10-28United KingdomPrudential Regulation Authority

    Prudential Regulation Authority issues near-final Strong and Simple capital regime for Small Domestic Deposit Takers

    The Prudential Regulation Authority released a near-final policy statement for Phase 2 of its Strong and Simple framework, detailing a simplified capital regime and liquidity simplifications for Small Domestic Deposit Takers (SDDTs). Key changes include a shift from the proposed Pillar 2A operational risk "bucketing" to a scenario-analysis-led assessment, a tightened Pillar 2A single-name concentration trigger, and reduced ICAAP and ILAAP update frequencies. The final SDDT capital regime is expected in Q1 2026, with implementation on 1 January 2027.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-10-28United KingdomPrudential Regulation Authority

    United Kingdom's Prudential Regulation Authority publishes policy on using FSMA powers to block securitisation significant risk transfer and restrict capital calculation approaches

    The Prudential Regulation Authority (PRA) issued a policy statement on its powers under the Financial Services and Markets Act 2000 regarding the Securitisation (CRR) Part of the PRA Rulebook, effective 1 January 2027. It outlines conditions for precluding recognition of significant credit risk transfer or prohibiting certain securitisation approaches, considering transaction features and non-credit risks. It also addresses actions to mitigate financial stability risks, including imposing a 1,250% risk weight on certain unrated securitisation positions.

    Policy & regulationGuidance & interpretationSecuritization
  • 2025-10-28KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic inaugurates new building in Bishkek with vault capacity of up to 1,000 tonnes of gold

    The National Bank of the Kyrgyz Republic inaugurated its new headquarters in Bishkek, featuring the country's largest vault with a capacity of 1,000 tonnes of gold. President Sadyr Japarov emphasized the central bank's focus on maintaining the stability of the Kyrgyz som and outlined priorities including banking sector modernization, innovation, cybersecurity, and financial literacy. Governor Melis Turghunbaev noted the project's 30-year delay and efforts to enhance transparency and security in line with international standards.

    Institutional developmentOther
  • 2025-10-28GlobalISDA

    International Swaps and Derivatives Association updates on Notices Hub rollout, AI enhancements to ISDA Create and new governance committee for credit determinations committees

    The International Swaps and Derivatives Association (ISDA) outlined initiatives at its Annual Legal Forum to modernize derivatives documentation, including the ISDA Notices Hub and AI functionality in ISDA Create. ISDA is also updating FX definitions with a planned rollout by 2027 and has established a governance committee for Credit Derivatives Determinations Committees.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket infrastructure
  • 2025-10-28Middle EastMiddle East and North Africa Financial Action Task Force (MENAFATF)

    Middle East and North Africa Financial Action Task Force launches Bahrain seminar to strengthen public–private partnerships on targeted financial sanctions

    The Middle East and North Africa Financial Action Task Force (MENAFATF) launched a seminar in Manama to enhance public–private partnerships for implementing targeted financial sanctions, focusing on improving cooperation to combat terrorism and proliferation financing. Running from 28 to 30 October 2025, the event addresses compliance challenges, digital tools, and the latest Financial Action Task Force guidance, supported by the German Agency for International Cooperation.

    Policy & regulationCooperationAML and CFTCompliance
  • 2025-10-28GlobalGlobal Legal Entity Identifier Foundation

    Global Legal Entity Identifier Foundation opens Shanghai Lin-gang representative office to expand LEI and vLEI adoption in China

    The Global Legal Entity Identifier Foundation (GLEIF) has opened a representative office in Shanghai's Lin-gang Special Area to support China's cross-border trade and digital trust initiatives, aligning with the People’s Bank of China’s roadmap for Legal Entity Identifier (LEI) adoption. This expansion, led by Yanzhao Zhang, aims to enhance collaboration with local authorities and expand LEI infrastructure.

    Institutional developmentMandate & organizational structureOther
  • 2025-10-28GlobalGlobal Legal Entity Identifier Foundation

    Global Legal Entity Identifier Foundation opens Shanghai representative office to support LEI and vLEI adoption in China

    The Global Legal Entity Identifier Foundation (GLEIF) has opened a representative office in Shanghai's Lin-gang Special Area to support China's cross-border trade and digital trust initiatives, aligning with the People’s Bank of China’s roadmap for Legal Entity Identifier (LEI) adoption. Led by Yanzhao Zhang, the office aims to enhance collaboration with local authorities and expand LEI and verifiable LEI (vLEI) infrastructure.

    Institutional developmentMandate & organizational structureCross-border paymentsMarket development
  • 2025-10-28EuropeEuropean Commission

    European Commission welcomes EU adoption of 19th Russia sanctions package featuring LNG import ban and first crypto prohibitions

    The European Commission adopted the EU's 19th sanctions package against Russia, targeting energy, finance, trade, and military-industrial sectors, and enhancing anti-circumvention measures. Key actions include a phased ban on Russian liquefied natural gas imports, expanded financial restrictions including prohibitions on a specific cryptocurrency, and additional export and service bans. The package mirrors elements of the Belarus sanctions regime and introduces new listings related to Belarus.

    Policy & regulationRules & requirementsNew sanctions designations
  • 2025-10-28EuropeEuropean Commission

    European Commission partners with private investors to establish multi-billion Scaleup Europe Fund for late-stage deep tech scaleups

    The European Commission, European private investors, and the European Investment Bank plan to establish the Scaleup Europe Fund to provide growth capital to European scaleups in strategic deep tech sectors. Part of the EU Startup and Scaleup Strategy, it aims to address late-stage financing constraints for European companies. The fund will focus on late-stage investments in areas like artificial intelligence, quantum, semiconductors, and biotechnology, with first investments expected in Spring 2026.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2025-10-28EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority joins IOSCO Board meetings in Madrid and urges supervisors to invest in skills, RegTech and AI

    The Egypt Financial Regulatory Authority's chair, Mohamed Farid, attended IOSCO Board meetings in Madrid, focusing on global financial stability, fintech, sustainable finance, and international regulatory cooperation. Farid highlighted the importance of capacity-building, modernizing supervisory technology, and utilizing RegTech, SupTech, and AI for enhanced market oversight.

    Policy & regulationCooperation
  • 2025-10-28CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission permanently bans Bane Hunter and Joel Richard Stewart Macdonald through reciprocal orders tied to GetSwift disclosure misconduct

    The British Columbia Securities Commission (BCSC) has permanently banned Bane Hunter and Joel Richard Stewart Macdonald from the province's investment market, using reciprocal-order powers after Australian authorities found them liable for disclosure failures at GetSwift Limited. A 2021 Federal Court of Australia ruling disqualified them from managing corporations and imposed financial penalties. GetSwift, now GetSwift Technologies in British Columbia, entered voluntary liquidation in 2022, with a BCSC cease trade order still in effect for failing to file required disclosures.

    EnforcementSanctions & designationsCorporate governance
  • 2025-10-28ChileChile Financial Market Commission

    Chile Financial Market Commission consults on mandatory reporting of board sex composition for open and special corporations

    The Chile Financial Market Commission (CMF) has released a draft rule for consultation detailing reporting requirements for open and special corporations under the More Women in Boards of Directors Act. Corporations must report director identification and sex, and explain non-compliance with gender composition caps, which will decrease from 80% in 2026 to 60% by 2032. The CMF will publish this information on its website without evaluating the explanations.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-10-28ThailandBank of Thailand

    Bank of Thailand and US Treasury agree FX transparency commitments and reaffirm limits on intervention and exchange rate targeting

    The Bank of Thailand and the United States Department of the Treasury have agreed to maintain close consultations on macroeconomic and foreign exchange matters, reaffirming their commitment to the International Monetary Fund Articles of Agreement. They emphasized that macroprudential and capital flow measures should not target exchange rates for competitive purposes and agreed on transparency in foreign exchange interventions and reserves data.

    Policy & regulationCooperationForeign exchange policy and markets
  • 2025-10-28NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority finds significant variation and shortcomings in MiFID II sustainability compliance at nine investment firms

    The Norwegian Financial Supervisory Authority's review of investment firms' compliance with MiFID II sustainability requirements found significant discrepancies in handling clients' sustainability preferences and target market assessments. Most firms need improvement in explaining sustainability concepts, with biased suitability questionnaires and inadequate preference collection. Many firms failed to meet regulatory standards for incorporating sustainability goals in product governance, often using superficial methods.

    SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
  • 2025-10-28AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority begins system-wide analysis of material service providers and flags further supervisory scrutiny of AI and cyber controls

    The Australian Prudential Regulation Authority (APRA) outlined its supervisory focus on technology-related risks, emphasizing cyber resilience, legacy system fragility, and AI risk management. APRA plans to build a system-wide view of reliance on service providers and conduct targeted AI risk engagements with larger institutions by end-2025, while addressing compliance gaps in Prudential Standard CPS 234 and CPS 230.

    SupervisionSupervision approach, priorities & toolkitCyber resilienceOperational risk and resilience
  • 2025-10-28ChinaChina Securities Regulatory Commission

    China Securities Regulatory Commission marks first listings in Shanghai STAR Market Sci-Tech Innovation Growth Tier and confirms steady rollout of the STAR Market 1+6 reform

    The China Securities Regulatory Commission (CSRC) announced the listing of the first companies in the Shanghai Stock Exchange’s STAR Market Sci-Tech Innovation Growth Tier, marking progress in capital market reform. CSRC Vice Chair Li Chao highlighted policy measures since 2024, including the “Eight Measures for the STAR Market” and the “Six Measures on Mergers and Acquisitions,” as part of the STAR Market “1+6” reform package. The CSRC plans to advance strategic tasks during the 15th Five-Year Plan, focusing on investment reform, company quality, and investor protection.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-10-28ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration supports mainland insurers issuing sidecar insurance-linked securities in Hong Kong

    China's National Financial Regulatory Administration now permits China-incorporated insurers to issue insurance-linked securities in Hong Kong, including "sidecar" structures. This aims to diversify catastrophe insurance risk and improve insurers' catastrophe risk management. Sidecars allow risk transfer to a Special Purpose Insurer, raising funds through securities issuance, offering a new investment product with low correlation to traditional assets.

    Policy & regulationRules & requirementsRisk managementMarket development
  • 2025-10-28ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission adds high-claims fuel taxis and trucks to the Car Insurance Easy to Buy platform

    The China Banking and Insurance Regulatory Commission has expanded the "Car Insurance Easy to Buy" platform to include high-claims-risk fuel commercial vehicles, alongside new energy vehicles. Since its launch, the platform has insured over 1.10 million vehicles, providing more than CNY 1.1 trillion in risk protection. The regulator plans to enhance monitoring mechanisms to ensure the platform's stable operation and service quality.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-10-28ChinaChina Banking and Insurance Regulatory Commission

    China Banking and Insurance Regulatory Commission guides China-Europe Insurance Innovation Forum that released green insurance methodology and signed an insurance-auto cooperation memorandum

    The China Banking and Insurance Regulatory Commission hosted the China-Europe Insurance Innovation Forum, focusing on collaboration between the insurance and automotive sectors amid intelligent and green transitions. Discussions included new energy vehicle insurance, technology insurance, and international insurance-based vehicle model classification. The forum concluded with the release of a green insurance methodology, a used-car information service platform, and a cooperation memorandum between the industries.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-10-28ChinaChina Banking and Insurance Regulatory Commission

    China's National Financial Regulatory Administration sets rules for domestic insurers to issue sidecar insurance-linked securities in Hong Kong

    China's National Financial Regulatory Administration supports domestic insurers in issuing "sidecar" insurance-linked securities (ILS) in Hong Kong to expand catastrophe risk transfer channels. The notice outlines sidecars' structure, reinsurance arrangements, and securities issuance, adhering to the 2021 framework for Hong Kong catastrophe bonds. NFRA will monitor implementation and assist insurers.

    Policy & regulationGuidance & interpretation
  • 2025-10-28ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission highlights tokenisation, dual listing and automatic public offering approvals as financing options for hydrocarbons

    The Argentina Securities Commission (CNV) presented regulatory innovations at the Argentina Hydrocarbons 2025 International Congress to modernize the capital market and expand oil and gas financing. Key measures include tokenisation, dual listings, and an automatic authorisation process for public offerings to enhance investment opportunities and capital access. The panel featured industry and government representatives, attracting over 200 senior executives and stakeholders.

    Policy & regulationRules & requirementsMarket developmentTokenization
  • 2025-10-28ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission hosts officials from 21 provinces to close federal capital markets training and present the tokenization regime

    The Argentina Securities Commission (CNV) concluded the Council of Federal Investments Federal Training Programme in Capital Markets and Financial Innovation, highlighting initiatives to modernize the capital market, including simplified issuance procedures and a tokenization framework. CNV Vice-President Sonia Salvatierra and CFI Financial Resources Director Esteban Rodríguez emphasized regulatory developments and financial education efforts. The programme supports transparency and financing capacity across sectors.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-28QatarQatar Financial Markets Authority

    Qatar Financial Markets Authority briefs Ghana Securities and Exchange Commission delegation on its regulatory framework and new governance code

    The Qatar Financial Markets Authority hosted a delegation from the Securities and Exchange Commission of Ghana, providing an overview of its supervisory and regulatory approach. The visit featured a tour of QFMA departments and a presentation on its regulatory framework, supervision mechanisms, and new governance code.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-28QatarQatar Financial Markets Authority

    Qatar Financial Markets Authority hosts Ghana Securities and Exchange Commission delegation and showcases its regulatory framework and governance code

    The Qatar Financial Markets Authority hosted a delegation from the Securities and Exchange Commission of Ghana, showcasing its supervisory and regulatory framework. The visit featured a tour of QFMA's departments and a presentation on its regulatory framework, supervision mechanisms, and new governance code.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-28VietnamState Bank of Vietnam

    State Bank of Vietnam’s Banking Times signs cooperation agreement with Vietnam Education Publishing House to expand financial education outreach

    The State Bank of Vietnam's press agency, Banking Times, and Vietnam Education Publishing House have signed a cooperation agreement to enhance financial education, focusing on youth. This partnership will expand on existing initiatives, such as the "Financial Education" book series, and aims to develop multi-platform media and training programs to support financial inclusion and digital capability.

    Financial literacy & educationOther
  • 2025-10-28United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury and the Bank of Thailand reaffirm non-manipulation commitments and set foreign exchange transparency expectations

    The U.S. Treasury and Bank of Thailand issued a joint statement to continue consultations on macroeconomic and foreign exchange matters, reaffirming commitments under the IMF Articles of Agreement. They agreed not to use macroprudential or capital flow measures to target exchange rates for competitive purposes and to reserve foreign exchange intervention for excess volatility. Both parties committed to semiannual public disclosure of foreign exchange interventions and monthly publication of reserves data.

    Policy & regulationCooperationForeign exchange policy and markets
  • 2025-10-28United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury and Bank Negara Malaysia agree continued FX consultations and new disclosure commitments

    The U.S. Treasury and Bank Negara Malaysia issued a joint statement to continue consultations on macroeconomic and foreign exchange matters, reaffirming commitments to avoid exchange rate manipulation. They agreed macroprudential measures won't target exchange rates competitively, and interventions will address excess volatility. Bank Negara Malaysia committed to enhanced transparency by publishing aggregated net foreign exchange data and reserves information per IMF standards.

    Policy & regulationCooperationForeign exchange policy and markets
  • 2025-10-28DenmarkNational Bank of Denmark

    National Bank of Denmark reports Danish households’ US equity value gains largely offset by 2025 dollar weakness and rising Magnificent 7 concentration

    The National Bank of Denmark reported that Danish households' investments in US equities increased by DKK 2.4 billion in 2025, despite a DKK 27.7 billion currency loss due to a weaker US dollar. Since 2018, these investments have grown by DKK 176 billion, primarily from stock price gains. The analysis also notes a significant concentration in seven large US tech companies, with their share of holdings rising from 18% in 2018 to 39% in 2025.

    Data & statisticsFinancial and market indicatorsForeign exchange policy and markets
  • 2025-10-28Trinidad & TobagoCentral Bank of Trinidad & Tobago

    Central Bank of Trinidad and Tobago convenes banks, police and FIUTT to coordinate action against online banking fraud

    The Central Bank of Trinidad and Tobago met with commercial banks, law enforcement, and the Financial Intelligence Unit to strategize against online banking fraud, focusing on vulnerable groups. Chaired by Governor Larry Howai and Financial Services Ombudsman Dominic Stoddard, the meeting addressed fraud scale assessment, customer engagement, and cross-agency collaboration. The Bank emphasized using existing fraud typologies for public awareness campaigns.

    Policy & regulationCooperationCyber resilience
  • 2025-10-28MoldovaNational Bank of Moldova

    National Bank of Moldova publishes FX intervention statistics with EUR 4.0m spot sales and EUR 9.7m equivalent swap sales and no forward operations

    The National Bank of Moldova released updated data on foreign exchange market activities, detailing intervention operations and monthly non-cash market figures. The report includes spot sales of EUR 4.0 million and swap sales of EUR 9.7 million, with no forward operations. The Bank differentiates between direct spot transactions affecting money supply and reversible foreign exchange swaps, with transactions recorded on the conclusion date and converted using monthly average exchange rates.

    Data & statisticsCurrency and cash management
  • 2025-10-28MoldovaNational Bank of Moldova

    National Bank of Moldova publishes non-cash FX market statistics showing EUR 745.0m intrabank SPOT sales and no swap or forward turnover

    The National Bank of Moldova released updated statistics on the non-cash foreign exchange market, detailing banks' foreign currency transactions against the Moldovan leu (MDL) in EUR equivalents. The interbank market saw EUR 20.8 million in purchases and EUR 20.0 million in sales, while the intrabank segment recorded EUR 468.5 million in purchases and EUR 745.0 million in sales. No SWAP or FORWARD turnover was reported, and data is compiled from bank reports for setting the official MDL exchange rate.

    Data & statisticsCurrency and cash management
  • 2025-10-27JordanJordan Securities Commission

    Jordan Securities Commission amends listing rules to introduce restricted trading after share suspensions

    The Jordan Securities Commission has approved amendments to introduce a restricted trading mechanism, allowing companies to resume trading under specific constraints after a suspension, with a reduced trading session and limited price movement. This change, effective 2 February 2025, also shortens the suspension period for companies failing to provide audited financial statements to three days from 14.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-10-27MexicoCentral Bank of Mexico

    Central Bank of Mexico and National Banking and Securities Commission consult on draft rules for payment card networks to lower acceptance costs and mandate ISO-based interoperability

    The Central Bank of Mexico and the National Banking and Securities Commission have launched a public consultation on draft rules for card-based payment networks to enhance card acceptance by reducing transaction costs. The proposal mandates standardized operating rules aligned with International Organization for Standardization standards, ensuring interoperability and preventing unilateral rule-setting by private entities.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-10-27MexicoMexico Comision Nacional Bancaria y de Valores (CNBV)

    Mexico's National Banking and Securities Commission and Bank of Mexico launch consultation on new rules for card payment networks to cut acceptance costs and require ISO-based interoperability

    Mexico's National Banking and Securities Commission (CNBV) and the Bank of Mexico have launched a public consultation on draft provisions for card payment networks. The proposal aims to lower acceptance costs, improve conditions for cardholders, and align network operating rules with international standards. It mandates interoperability across networks and prevents unilateral rule-setting by private entities.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-10-27UkraineNational Bank of Ukraine

    National Bank of Ukraine adds ISIN UA4000237564 to benchmark government bonds eligible for banks’ reserve requirements

    The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks can use to cover up to 60% of their reserve requirements, adding the government bond ISIN UA4000237564 effective 28 October 2025. This measure aims to support participation in Ministry of Finance auctions and finance the state budget without monetary financing. The updated list includes 19 issues, as approved by NBU Board Decision No. 392.

    Policy & regulationRules & requirementsLiquidity riskPrudential risks
  • 2025-10-27FranceFrance Autorite des marches financiers

    France's Financial Markets Authority warns of Financière du Nogentais impersonation and blacklists www.gestion.finance

    France's Financial Markets Authority (AMF) issued an alert regarding fraudulent communications impersonating Financière du Nogentais, which does not offer public investment services. The AMF blacklisted www.gestion.finance for unauthorized investment services and identity usurpation. Investors are advised to disregard solicitations under this name and follow standard precautions against fraud.

    SupervisionAlertsFraud and scams
  • 2025-10-27KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority’s Capital Markets Academy signs MoU with Harvard University’s Program on International Financial Systems to develop executive education for regulators

    The Kuwait Capital Markets Authority's Capital Markets Academy signed an agreement with Harvard University’s Program on International Financial Systems to enhance training for financial regulators. This partnership aims to elevate capabilities in Kuwait by updating curricula and using international methods. Future initiatives include regulator-focused education and seminars in the Gulf and Cambridge.

    Institutional developmentCooperation & capacity buildingCapacity buildingDomestic cooperation
  • 2025-10-27KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority grants NBK Capital a three-year renewable collective investment scheme licence for NBK Group Multi-Asset Employee Fund

    The Kuwait Capital Markets Authority has granted NBK Capital Company a collective investment scheme licence to establish the National Bank of Kuwait Group Multi-Asset Employee Fund for a renewable three-year term. The authorisation is issued under Resolution No. (96) of 2025, referencing Law No. (7) of 2010 and amendments to the Executive Bylaws. Article 9 stipulates the licence is granted once the minimum capital is completed within three years of the fund’s registration.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-27KuwaitKuwait Capital Markets Authority

    Kuwait Capital Markets Authority grants Securities House Company a three-year renewable collective investment scheme licence for Burgain Real Estate Development Fund

    The Kuwait Capital Markets Authority has licensed Securities House Company to establish the Burgain Real Estate Development Fund for a renewable three-year term. The authorization, under Resolution No. (183) of 2025, aligns with Law No. (7) of 2010 and its Executive Bylaws. Article 9 stipulates the fund's licence is granted after meeting the minimum threshold within three years of registration.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-27AfricaGABAC

    Central Africa Anti-Money Laundering Group marks 25th anniversary with workshop agreeing actions to strengthen AML CFT CPF effectiveness

    The Central Africa Anti-Money Laundering Group (GABAC) marked its 25th anniversary with a workshop in Malabo, Equatorial Guinea, focusing on enhancing AML/CFT/CPF effectiveness and aligning with international standards. Key outcomes included priorities for member engagement, operational improvements, and a recommendations matrix for future actions.

    Policy & regulationReform agendas & prioritiesAML and CFT
  • 2025-10-27MexicoCentral Bank of Mexico

    Central Bank of Mexico publishes the IMF’s 2025 Article IV consultation assessment of Mexico

    The Central Bank of Mexico has released the International Monetary Fund's 2025 Article IV consultation materials, detailing the IMF's annual assessment of Mexico's economic conditions and outlook. The review includes macroeconomic and financial policy analysis, with findings submitted to the IMF Executive Board before being shared with national authorities.

    ResearchEconomic data and developments
  • 2025-10-27ChileMinistry of Finance (Chile)

    Chile's Ministry of Finance presents first national mapping of financial education initiatives to inform strategy update

    Chile's Ministry of Finance released the first National Mapping of Financial Education Programmes to update the National Financial Education Strategy. The mapping surveyed 66 entities, revealing 56 active in financial education, focusing on planning, saving, and responsible credit use. The report highlights growth in initiatives, identifies gaps in pensions and tax topics, and notes capacity constraints with limited dedicated staff and occasional collaboration.

    Policy & regulationImplementation, projects & pilotsFinancial literacy and education
  • 2025-10-27AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission launches joint technical workshops with the Attorney General’s Office to strengthen enforcement cooperation

    The Angola Capital Markets Commission has initiated technical workshops with the Attorney General’s Office to enhance cooperation and coordination in preventing and combating financial misconduct. The first session included presentations on capital markets, disclosure obligations, and financial sector crimes. A follow-up workshop is planned to continue this collaborative effort.

    SupervisionCooperationCross-border cooperation
  • 2025-10-27AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission conducts field visit to DeltaGest-managed Greenfield Fund projects in Huambo

    The Angola Capital Markets Commission (CMC) conducted a field visit in Huambo province to monitor projects financed by the Greenfield Fund, managed by DeltaGest Capital – SGOIC. The visit highlighted the role of venture capital in financing productive projects and supporting economic diversification, with a focus on industry and sustainable agribusiness.

    SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
  • 2025-10-27DenmarkDanish Finanstilsynet

    Danish Financial Supervisory Authority flags gaps in fund managers’ compliance oversight of manager-specific risks

    The Danish Financial Supervisory Authority's inspection of investment fund managers' compliance functions revealed insufficient focus on manager-specific risks and resource allocation. Part of a European initiative, the review noted compliance control weaknesses in valuation and liquidity management, especially for managers within a group. Reports were published for Danske Invest Management A/S, Fokus Fund Management A/S, and Nykredit Portefølje Administration A/S.

    SupervisionReviews, inspections & stress testsCompliance
  • 2025-10-27United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority and United Arab Emirates Securities and Commodities Authority sign MoU to strengthen oversight of auditors

    The United Arab Emirates Securities and Commodities Authority and the Dubai Financial Services Authority have signed a Memorandum of Understanding to enhance regulatory cooperation on audit oversight. This agreement focuses on monitoring and supervising audit functions, firm registration, inspection, and information sharing to strengthen audit standards for securities firms in the UAE and the Dubai International Financial Centre.

    SupervisionCooperationAuditingDomestic cooperation
  • 2025-10-27AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission secures interim Federal Court orders banning Ferras Merhi from financial services and appointing a receiver

    The Australian Securities & Investments Commission (ASIC) secured interim Federal Court orders against Ferras Merhi, restraining him from financial services activities due to allegations of unconscionable conduct and conflicted advice. The court appointed a receiver to assess Merhi's assets, frozen since February 2025, and imposed travel restrictions until December 2025. ASIC's ongoing investigations involve significant investments into First Guardian and Shield Master Funds, with provisional liquidators appointed to related entities.

    EnforcementInvestigations & enforcement actions
  • 2025-10-27UruguayCentral Bank of Uruguay

    Central Bank of Uruguay convenes banks to advance peso-denominated intermediation and a greater role for the peso

    The Central Bank of Uruguay met with bank executives to enhance financial intermediation in pesos, aiming to reduce dollarisation and bolster the peso's role. This strategic objective seeks to improve macroeconomic stability, economic activity, and fiscal sustainability while protecting vulnerable sectors. The meeting highlighted the peso's potential as a savings option and banks' critical role in financial education and deposit management.

    Policy & regulationCooperationFinancial inclusionMarket development
  • 2025-10-27CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes September 2025 MFI statistics showing EUR 670 million rise in deposits and EUR 269 million rise in loans

    The Central Bank of Cyprus reported a net increase in Monetary Financial Institution deposits by EUR 670.2 million in September 2025, raising the annual growth rate to 6.3% and the outstanding stock to EUR 57.2 billion. Loans increased by EUR 269.0 million, with the annual growth rate rising to 7.9% and the outstanding stock reaching EUR 26.6 billion. The deposit increase was driven by non-financial corporations, while loans to residents rose across households, non-financial corporations, and other domestic sectors.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-10-27PeruCentral Bank of Peru

    Central Bank of Peru reports mortgage credit growth accelerated to 6.6% year on year in September 2025

    The Central Bank of Peru reported a 6.6% year-on-year increase in mortgage credit for home purchases in September 2025, the highest since March 2023. Mortgage credit in local currency grew 7.7% year on year, with 93.6% of the total credit in soles. The total stock of mortgage credit reached PEN 73,840 million, with low dollarisation at 6.4%.

    Data & statisticsLending
  • 2025-10-27EuropeCommittee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)

    Committee of Experts on the Evaluation of Anti-Money Laundering Measures engages in FATF Plenary work on Belgium and Malaysia evaluations, strategic priorities and AI risks

    MONEYVAL participated in the FATF Plenary and Working Group meetings in Paris. The delegation contributed to discussions on mutual evaluation reports for Belgium and Malaysia, FATF Strategic Priorities for 2026–2028, Asset Recovery Guidance, and future illicit finance risks linked to artificial intelligence and deepfakes. They also monitored the International Co-operation Review Group's deliberations on MONEYVAL members under ICRG processes.

    Policy & regulationCooperationCross-border cooperationAML and CFT
  • 2025-10-27GeorgiaNational Bank of Georgia

    National Bank of Georgia publishes interactive updates on commercial banks’ loan portfolios and deposits for September 2025

    The National Bank of Georgia released interactive statistical press releases detailing trends in resident commercial banks' loan portfolios and deposits as of September 2025. These are accessible on the Loans and Deposits pages of its website's statistics section.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-27GeorgiaNational Bank of Georgia

    National Bank of Georgia briefs audit firms on collateral monitoring role as covered bond issuance nears

    The National Bank of Georgia met with leading audit firms to discuss introducing commercial covered bonds and their role in monitoring collateral assets. Audit firms must be authorised to audit public interest entities and received guidance on their responsibilities in the issuance process. The preparatory phase for introducing covered bonds in Georgia is nearing completion, enabling commercial banks to soon issue these securities.

    Policy & regulationImplementation, projects & pilotsAuditingMarket development
  • 2025-10-27GeorgiaNational Bank of Georgia

    National Bank of Georgia highlights Middle Corridor regional cooperation and interoperable payments priorities at Tbilisi Finance Summit

    Governor Natia Turnava of the National Bank of Georgia emphasized regional cooperation and Georgia's strategic role in the Middle Corridor at the Tbilisi Finance Summit. She discussed macroeconomic and geopolitical impacts on finance, regional bank expansion, and interest from international investors. Turnava also highlighted initiatives for independent payment infrastructure and regulatory frameworks for virtual assets and digital banks.

    Policy & regulationGuidance & interpretationCross-border cooperationMarket development
  • 2025-10-27North MacedoniaNational Bank of the Republic of North Macedonia

    National Bank of the Republic of North Macedonia and the Central Bank of the Netherlands convene 16th payments and market infrastructure conference focused on SEPA and instant payments

    The National Bank of the Republic of North Macedonia, with the Central Bank of the Netherlands, will host the 16th Payments and Market Infrastructure Conference in Ohrid on 28–29 October. The conference will focus on the future of payments post-North Macedonia's integration into the Single Euro Payments Area (SEPA), discussing instant payments and regional integration. Participants include central banks, commercial banks, fintech firms, and EU bodies.

    Policy & regulationCooperationPayments and payment systemsMarket infrastructure
  • 2025-10-27GeorgiaInsurance State Supervision Service of Georgia

    Insurance State Supervision Service of Georgia issues a handbook on ethics principles and minimum professional conduct standards for the insurance sector

    Georgia's Insurance State Supervision Service released a handbook on ethics and professional conduct for insurance organizations, serving as a market conduct and consumer protection guide. It includes Georgian practices, EU regulations, and IAIS perspectives. Developed by the Service's Legal Department and Consumer Rights Protection and Financial Education Division, it involved input from Parliament, judiciary, and industry representatives.

    Policy & regulationGuidance & interpretationCorporate governance
  • 2025-10-27ChinaCentral Bank of the Republic of China

    People’s Bank of China to issue 60 million Chinese Peking Opera Art CNY 5 commemorative coins on 25 November 2025

    The People's Bank of China will issue a Chinese Peking Opera Art commemorative coin on 25 November 2025, with a face value of CNY 5. The brass alloy coin, featuring the national emblem and a Peking Opera "Jing" role, will be issued in a quantity of 60 million pieces and distributed via a reservation-and-redemption model.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-10-27ChinaCentral Bank of the Republic of China

    Central Bank of the Republic of China signals nine forthcoming foreign exchange measures to widen cross-border trade and investment opening

    The Central Bank of the Republic of China outlined priorities for foreign exchange reform and high-level opening at the Financial Street Forum, announcing nine policy measures to enhance trade and investment facilitation. These include expanding cross-border trade pilots, improving foreign exchange settlement, and easing service trade payment management. The bank emphasized a combined macroprudential and micro-supervisory oversight model, leveraging AI and big data for monitoring and enforcement.

    Policy & regulationReform agendas & prioritiesCross-border cooperation
  • 2025-10-27LithuaniaBank of Lithuania

    Bank of Lithuania publishes September 2025 MFI balance sheet and interest rate data showing household deposits up 0.7% and corporate loan rates down to 4.48%

    The Bank of Lithuania reported September 2025 statistics showing a rise in household deposits by EUR 186.0 million (0.7%) and an increase in loans to households and non-financial corporations by EUR 225.9 million (1.3%) and EUR 347.9 million (2.6%), respectively. Interest rates on new household loans decreased to 5.30%, while rates for non-financial corporations fell to 4.48%. Detailed data is accessible on the Bank's website.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-10-27LuxembourgLuxembourg Commission de Surveillance du Secteur Financier

    Luxembourg Commission de Surveillance du Secteur Financier reports Luxembourg UCI net assets reach EUR 6,025.044 billion in September 2025

    The Luxembourg Commission de Surveillance du Secteur Financier reported a 1.26% monthly increase in total net assets of Luxembourg UCIs to EUR 6,025.044 billion as of 30 September 2025. This rise was driven by EUR 9.104 billion in net capital investment and a EUR 65.649 billion positive market effect, amid equity gains and a 25 basis point Federal Reserve rate cut. The number of UCIs decreased to 3,071, with fixed income UCIs showing positive performance and net inflows, while EUR and global money market categories saw outflows.

    Data & statisticsAsset quality
  • 2025-10-27GermanyBaFin

    Germany's Federal Financial Supervisory Authority consults on raising directors’ dealings reporting threshold to EUR 50,000

    Germany's Federal Financial Supervisory Authority (BaFin) may raise the Market Abuse Regulation threshold for reporting managers’ own-account transactions from EUR 20,000 to EUR 50,000 per year, effective 1 January 2026. This change aims to reduce notifications by up to one third, as data shows median annual volumes per reporting person exceed EUR 100,000. BaFin also plans to revoke its 2019 administrative act that set the previous threshold.

    Policy & regulationRules & requirementsOther
  • 2025-10-27GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance reports Jan–Sep 2025 state budget surplus of EUR 2.401bn and primary surplus of EUR 9.449bn above target

    Greece's Ministry of National Economy and Finance reported a state budget cash surplus of EUR 2.401 billion for January–September 2025, surpassing the target of a EUR 1.581 billion deficit. Net state budget revenues reached EUR 54.661 billion, exceeding targets by EUR 557 million, driven by higher-than-expected tax revenues. Expenditure was EUR 52.260 billion, EUR 3.426 billion below target, mainly due to timing shifts in transfer and armaments payments.

    Data & statisticsOther
  • 2025-10-27Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission secures court freeze of up to HKD 82.4 million from 12 suspected Smartac share manipulators

    The Hong Kong Securities and Futures Commission (SFC) secured an interim injunction to freeze up to HKD 82.4 million in assets of 12 individuals suspected of manipulating Smartac International Holdings Limited shares. The injunction, under section 213 of the Securities and Futures Ordinance, aims to preserve assets for potential restoration orders if contraventions are confirmed. This action is part of broader proceedings involving the alleged manipulation of Smartac shares, leading to its delisting from the Hong Kong Stock Exchange in February 2023.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-10-27Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission bans Cheng Lai Ho for seven months over undisclosed personal trading accounts

    The Hong Kong Securities and Futures Commission has banned Cheng Lai Ho, a former Bank of Communications employee, from the industry for seven months due to breaches of staff dealing controls. Cheng failed to disclose personal securities accounts and executed trades through a margin account in his mother's name without proper reporting. The SFC deemed his actions wilful and dishonest, questioning his fitness and properness despite his cooperation and clean disciplinary record.

    EnforcementSanctions & designationsCorporate governance
  • 2025-10-27Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission signs MoU with Québec’s Autorité des marchés financiers and adds Québec to acceptable inspection regimes for fund manager supervision

    The Hong Kong Securities and Futures Commission (SFC) and Québec’s Autorité des marchés financiers (AMF) have signed a memorandum of understanding to enhance regulatory cooperation on supervising investment managers of collective investment schemes. This agreement establishes a framework for consultation, cooperation, and information exchange. Following the signing, Québec was added to the SFC's list of Acceptable Inspection Regimes, facilitating AMF-licensed managers in providing services for SFC-authorised funds.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-27EthiopiaNational Bank of Ethiopia

    National Bank of Ethiopia launches first Annual Financial Literacy Week with focus on digital literacy and consumer protection

    The National Bank of Ethiopia, in collaboration with various partners, has launched the first Annual Financial Literacy Week, focusing on digital literacy and consumer protection, particularly for women in rural areas. This initiative, part of the National Financial Education Strategy, includes educational activities and aims to reach three million adults nationwide.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-27CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario reminds insurers of October 31 deadline for 2025 Annual Auto Insurance Attestation

    The Financial Services Regulatory Authority of Ontario reminded licensed insurance companies to file their Annual Auto Insurance Attestation by October 31, 2025, as required under the Insurance Act. The attestation must be signed by the CEO or the most senior officer responsible for operations in Ontario. Insurers must also report all Minor Rating and Underwriting Rule Errors for 2025 by February 16, 2026.

    SupervisionRegulatory reporting
  • 2025-10-27PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendency of Banking, Insurance and Private Pension Funds opens Money Laundering Prevention Week and spotlights illegal mining linked to USD 3.345 billion

    Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) inaugurated the sixth edition of Money Laundering Prevention Week, featuring over 20 virtual conferences on anti-money laundering challenges. SBS Superintendent Sergio Espinosa emphasized disrupting organized crime's economic base alongside criminal sanctions. UIF Deputy Superintendent Fernanda García-Yrigoyen highlighted illegal mining as the highest AML risk, with USD 3.345 billion linked to it in recent reports.

    Financial literacy & educationAML and CFT
  • 2025-10-27PortugalPortuguese Securities Commission (CMVM)

    Portuguese Securities Commission announces March 2026 seminar and call for abstracts on DLT in capital markets

    The Portuguese Securities Commission (CMVM) will host a seminar on distributed ledger technologies (DLT) in capital markets on 23 March 2026, focusing on securities issuance, DLT-enabled disintermediation, and auditor roles in DLT ecosystems. A call for research abstracts is open, with submissions evaluated on originality, feasibility, and relevance to the seminar theme.

    Policy & regulationImplementation, projects & pilotsBlockchain and distributed ledger technology
  • 2025-10-27Latin AmericaFinancial Action Task Force of Latin America (GAFILAT)

    Financial Action Task Force of Latin America opens free Campus GAFILAT online AML training to the public with enrolment through 2 November

    The Financial Action Task Force of Latin America (GAFILAT) has launched its CAMPUS GAFILAT e-learning platform to the public, offering free courses in conjunction with the International Day of Prevention Against Money Laundering. The courses cover topics such as regional anti-money laundering threats, virtual assets, and updated FATF recommendations, available in multiple languages.

    Financial literacy & educationAML and CFT
  • 2025-10-27CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission announces initiation of dissolution and liquidation for HUBDOX FUND RAIF

    The Cyprus Securities and Exchange Commission (CySEC) announced that Mega Ploutos Fund Management Ltd has initiated the dissolution and liquidation of HUBDOX FUND RAIF V.C.I.C. LTD. The Registered Alternative Investment Fund will remain listed as "under liquidation" until the process is completed, after which it will be removed from the register in accordance with the Alternative Investment Funds Law of 2018.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-10-27BelgiumNational Bank of Belgium

    National Bank of Belgium study urges greater transparency and review of Belgium’s EUR 25 billion enterprise subsidies

    The National Bank of Belgium analyzed subsidies and investment grants to enterprises, totaling about EUR 25 billion in 2024, over 4% of GDP. Two-thirds of these subsidies are wage-related, with mixed evidence on their effectiveness, and calls for more transparency and scrutiny. It also notes the federal government's commitment to spending reviews in its fiscal-structural plan to the European Commission.

    Policy & regulationGuidance & interpretationOther
  • 2025-10-27BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria repeals its minimum reserve ordinance from 1 January 2026 to align with Eurosystem rules

    The National Bank of Bulgaria's Governing Council has adopted an ordinance to repeal domestic rules on mandatory minimum reserves, aligning with the Eurosystem framework upon Bulgaria's euro adoption. This change will take effect on 1 January 2026, with a transitional reserve maintenance period set by the European Central Bank from 1 January to 10 February 2026. The ordinance also specifies a reserve base period for December 2025.

    Policy & regulationRules & requirementsLiquidity risk
  • 2025-10-27BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria amends Central Credit Register rules to include credit servicers and purchasers and cut reporting to two working days

    The National Bank of Bulgaria has amended the Central Credit Register framework, expanding data submission and access to include credit purchasers and servicers. Reporting deadlines for current information are tightened from 5 to 2 working days, with new rules for updating records after final court or administrative decisions. These changes align with the Law on Credit Servicers and Credit Purchasers and amendments to the Credit Institutions Act.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-10-27United KingdomUK Parliament

    UK Parliament's House of Lords Economic Affairs Committee launches inquiry and call for evidence on the effectiveness of the UK fiscal framework

    The UK Parliament’s House of Lords Economic Affairs Committee has initiated an inquiry into the effectiveness of the UK’s fiscal framework and its influence on fiscal policy. The inquiry will assess fiscal rule setting, the Office for Budget Responsibility's role, and inter-agency relationships within the framework.

    Policy & regulationReform agendas & priorities
  • 2025-10-27MexicoCONDUSEF

    Mexico’s National Commission for the Protection and Defense of Users of Financial Services reports Quintana Roo complaints down 3% and claimed amount up to MXN 209.3 million

    Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 4,350 consumer complaints in Quintana Roo from January to September 2025, a 3.0% decrease from 2024. The amount claimed rose to MXN 209.3 million, while the amount recovered fell to MXN 19.5 million. Multiple banking accounted for 58.1% of complaints, with significant issues in debit and credit cards, and insurer complaints increased by 7.3%, mainly due to motor insurance disputes.

    Data & statisticsComplaints and dispute resolution
  • 2025-10-27Middle EastArab Monetary Fund

    Arab Monetary Fund reports September 2025 training programme series with over 480 participants across Arab countries

    The Arab Monetary Fund's Training and Capacity Building Institute conducted specialized training programs in September 2025, engaging over 480 trainees from Arab countries on topics such as fiscal and monetary policy impacts, financial stability, and Islamic finance, with advanced courses offered in collaboration with international institutions.

    Institutional developmentCooperation & capacity buildingCapacity building
  • 2025-10-27Bosnia and HerzegovinaCentral Bank of Bosnia and Herzegovina

    Central Bank of Bosnia and Herzegovina reminds holders to exchange withdrawn 1998–2009 BAM 10–100 banknotes by 31 December 2025

    The Central Bank of Bosnia and Herzegovina reminded the public of the deadlines for exchanging BAM 10, BAM 20, BAM 50, and BAM 100 banknotes issued between 1998 and 2009. These notes, withdrawn from circulation, can be exchanged at commercial banks until 31 December 2025, and at the central bank from 1 January 2026 to 31 December 2035. An act detailing the exchange procedure at the central bank will be published by the end of 2025.

    Policy & regulationRules & requirementsCurrency and cash management
  • 2025-10-27PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines confirms final cancellation of Coex Star’s registration as a remittance agent and virtual asset service provider

    The Central Bank of the Philippines announced the Monetary Board's final decision to cancel ABA Global Philippines, Inc.'s registration to operate as a remittance and transfer company. This cancellation affects its Type “B” remittance agent status with virtual asset service provider services, as per the Manual of Regulations for Non-Bank Financial Institutions.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-10-27BahrainCentral Bank of Bahrain

    Central Bank of Bahrain consults on revised client money safeguarding rules for payment service providers and crowdfunding platforms

    The Central Bank of Bahrain is consulting on proposed revisions to client money safeguarding requirements for Payment Service Providers and Crowdfunding Platform Operators. The proposals include measures such as segregating client assets, using trust or escrow accounts, and implementing third-party verification and governance controls. Feedback is sought on the practicality, burden, and cost impact of these measures.

    Policy & regulationRules & requirementsClient asset custody and safekeeping
  • 2025-10-27South AfricaSouth African Reserve Bank

    South African Reserve Bank reports SAMOS processed 1,762,599 transactions worth ZAR 19,188,495,233,406.20 in September 2025

    The South African Reserve Bank released its Settlement Statistics for September 2025, noting the SAMOS system processed 1,762,599 transactions totaling ZAR 19.19 trillion. Average daily throughput was 70,504 transactions worth ZAR 767.54 billion, with peak daily figures reaching 142,635 transactions and ZAR 1.57 trillion. The report includes 10-year benchmarks and detailed breakdowns of settlement by time and transaction type.

    Data & statisticsPayments and payment systems
  • 2025-10-27PortugalBank of Portugal

    Bank of Portugal publishes September 2025 bank loan and deposit statistics with mortgage lending up 8.9% and household deposits up 4.8%

    The Bank of Portugal's September 2025 data shows an 8.9% year-on-year increase in housing loans and a 4.8% rise in household deposits, reversing a previous deceleration trend. Corporate lending grew 4.2% year on year, with notable growth in micro, small, and large firms, while medium-sized firms continued to contract. Household deposits reached EUR 197.1 billion, while corporate deposits decreased month on month but increased 10.9% year on year.

    Data & statisticsMonetary data
  • 2025-10-27PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines briefs banks on foreign exchange regulations to strengthen compliance

    The Central Bank of the Philippines conducted a briefing on foreign exchange regulations to promote sound practices and compliance. The session covered the regulatory framework, updates on derivatives, capital flow management tools, and transparency measures, as part of efforts to maintain a stable foreign exchange environment.

    Policy & regulationGuidance & interpretationCross-border payments
  • 2025-10-27EuropeEuropean Central Bank

    European Central Bank publishes SAFE survey showing slight tightening in bank loan terms and loan applications down to 17%

    The European Central Bank's third-quarter 2025 Survey on the Access to Finance of Enterprises (SAFE) indicates a slight tightening in euro area firms' financing conditions, with marginally higher interest rates and costs on bank loans. Small and medium-sized enterprises reported a net increase in loan interest rates, while large firms saw a net decline. Firms cited the general economic outlook as the main constraint on external finance, with a smaller improvement in banks' willingness to lend.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-27EuropeEuropean Central Bank

    European Central Bank clarifies how supervisory guides separate binding rules from expectations and outlines supervision simplification plans

    ECB Executive Board member Frank Elderson plans to simplify banking supervision and reporting while maintaining system resilience. Key points include distinguishing between binding obligations, non-binding expectations, and good practices, and reforms to the Supervisory Review and Evaluation Process to reduce complexity and costs. The ECB aims to finalize its Guide on governance and risk culture by 2026, incorporating industry feedback and EBA consultation outcomes.

    Policy & regulationReform agendas & prioritiesOther