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2025-10-27•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles released a communiqué on its Board’s 2025 retreat, which focused on enhancing organisational resilience and internal capacity. The retreat addressed workforce efficiency, leadership development, and employee well-being, with an emphasis on leadership's role in sustaining institutional culture. Outcomes will guide strategic priorities and policy updates to align with the Bank’s vision and mission.
Institutional developmentWorkforce & recruitment
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2025-10-27•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported a 26% year-on-year decline in third-quarter net profits for banks operating in Estonia, totaling EUR 138 million, primarily due to reduced interest income from a fall in Euribor. Despite this, loan growth supported profits, with housing loans up 10% and corporate loans up 9% year-on-year, driven by real estate and professional sectors. The share of problematic loans has stabilized, and with Euribor expected to remain stable, future bank profits may rely more on loan growth.
Data & statisticsFinancial stability and systemic riskPrudential risks
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2025-10-27•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission warns of fraud involving misuse of Larem Trustees Limited’s details, including a fake website offering escrow services. Larem Trustees Limited, with a secondary fiduciary licence, is regulated by the Commission, while its parent company, PraxisIFM Trust Limited, holds the primary licence. The Commission advises verifying dealings with Larem Trustees Limited.
SupervisionAlertsFraud and scams
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2025-10-27•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released its statistical bulletin for the insurance market from January to September 2025, noting a 10.37% increase in gross written premiums to ALL 20,183 million. Non-life insurance dominated with 91.69% of premium volume, while compulsory motor insurance premiums rose 12.96% to ALL 12,474 million. Motor claims paid totaled ALL 4,700 million, accounting for 76.04% of total claims.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-27•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has launched an "Economic Journalism Development Support Programme" for journalism students at Baku Slavic University to enhance public communication and media cooperation. The programme includes training on macroeconomics, monetary policy, and central bank communication, with sessions led by Central Bank representatives. This initiative is part of activities commemorating the 150th anniversary of the national press.
Financial literacy & educationFinancial literacy and education
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2025-10-27•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro shared Governor Irena Radovic's remarks on gender equality in leadership, highlighting reforms for inclusive economic decision-making. Key developments include amendments to the Law on Companies mandating 40% board representation for underrepresented genders by June 2026 and the Women on Boards Montenegro programme, which has trained over 40 participants. Montenegro is also involved in the We Finance Code initiative, featuring a dashboard for gender-disaggregated financial insights.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
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2025-10-27•Russia•Central Bank of Russia
The Central Bank of Russia has revised and approved an updated list of RUONIA panel banks, effective from 24 August 2021. The RUONIA calculation and publication using this updated list will occur on 28 October for the 27 October 2025 fixing.
Policy & regulationRules & requirementsFinancial benchmarks
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2025-10-27•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Osh Regional Office fined 24 Kyrgyz citizens KGS 17,500 each for unlicensed cash foreign currency exchange operations in Osh.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-10-27•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has launched the "World Savings Day" campaign to enhance financial literacy and promote a savings culture in Kyrgyzstan. Supported by state bodies and financial institutions, the campaign includes events such as lectures and interactive games from 27 to 31 October, focusing on the importance of saving and financial resource management.
Financial literacy & educationFinancial literacy and education
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2025-10-27•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has released a draft Board resolution for public consultation to amend regulatory acts concerning banks' credit policies. Proposed changes include refined credit policy approaches, enhanced monitoring of loans and collateral, and updates for transactions with related and affiliated persons.
Policy & regulationRules & requirementsLending
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2025-10-27•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic is consulting on a draft Board resolution to amend regulatory acts concerning pricing and antimonopoly regulation in the banking and payment services market. The proposal includes changes to key acts on pricing, antimonopoly regulation, and dominant position assessment. The draft is available for public discussion on the National Bank’s website and the public consultation portal.
Policy & regulationRules & requirementsOther
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2025-10-27•Global•ISDA
The International Swaps and Derivatives Association (ISDA) has initiated the general adherence phase for the ISDA 2025 – 2002 Equity Derivatives Definitions (Versionable Edition) Protocol, effective October 26, 2026. This update allows transactions to reference the latest definitions automatically, minimizing bilateral renegotiations. ISDA recommends aligning the incorporation date with the protocol's effective date for consistency in confirmation workflows.
Policy & regulationInternational standards & recommendationsOther
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2025-10-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission is consulting on proposed amendments to regulations for provident fund management. The changes aim to enhance employer and fund committee investment strategy selection, improve member investment information and advice, and strengthen asset management company duties in client service, governance, and compliance. The amendments also propose improved checks and balances for asset management company transactions.
Policy & regulationRules & requirementsCorporate governance
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2025-10-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission issued a notice to Aqua Corporation's AQUA25NA bondholders, urging them to review information and exercise their rights at an upcoming e-meeting on a proposed restructuring. The proposal includes extending the bond's maturity to 2027, altering principal repayment terms, and increasing the interest rate from 6.00% to 7.00%. The SEC requires the bondholders’ representative to evaluate the proposal's benefits and impacts, providing their opinion to bondholders.
SupervisionInterventionsCorporate governance
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2025-10-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission imposed civil sanctions on five individuals for insider trading in Taokaenoi Food & Marketing Public Company Limited shares, with total penalties of THB 16,392,684. The sanctions include bans on serving as directors or executives of securities issuers and companies for specified periods. If consent is refused, the SEC will escalate the case to the public prosecutor for further legal action.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-10-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises bondholders of Sahakol Equipment's SQ 25 NA and SQ 25 NB bonds to review information and exercise rights at the reconvened meeting on 28 October 2025. The agenda includes extending maturities, adjusting repayment terms, increasing interest rates, setting up a reserve account, securing business assets, and reconsidering a previous resolution and exemptions related to debt restructuring and cross-defaults.
Policy & regulationGuidance & interpretationCorporate governance
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2025-10-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission urges Major Development Public Company Limited bondholders to review information and exercise their rights at the reconvened bondholders’ meeting on 30 October 2025. The meeting will address extending bond maturities, adjusting interest rates, amending repayment terms, and considering debt restructuring. Bondholders should review the bondholders’ representative's analysis of the proposals' impacts before voting.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-10-27•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority has barred Al-Muttahida Cooperative Insurance Company from issuing or renewing compulsory health, motor and domestic labor contract insurance policies from Oct. 27, 2025, over regulatory violations. The company remains responsible for existing policies and related claims.
EnforcementInvestigations & enforcement actionsComplianceConsumer and investor protection
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2025-10-27•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority is using the Global Health Exhibition 2025 to raise awareness of health insurance and medical malpractice coverage. Health insurance represents 55.5% of the Saudi insurance market, with gross written premiums rising 9.4% to SAR 42.2 billion in 2024.
Financial literacy & educationConsumer and investor protectionMarket development
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2025-10-27•Europe•European Fund and Asset Management Association
The European Fund and Asset Management Association (EFAMA) published a report advocating for preserving the current supervisory framework for asset managers under UCITS and AIFMD, opposing EU-level centralised supervision. EFAMA argues centralisation wouldn't address cross-border barriers from national rules and highlights risks like ESMA's resource constraints and potential supervisory duplication. Instead, EFAMA recommends simplified reporting, enhanced EU-wide data-sharing, and greater use of ESMA's supervisory convergence tools.
Policy & regulationReform agendas & prioritiesSupervision process and methodologies
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2025-10-27•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) released quarterly median-fee figures for popular fund categories, showing a 1.30% fee for actively managed Sweden and global equity funds, and 0.20% and 0.35% for Sweden and global index funds, respectively. A survey revealed 40% of Swedes struggle to understand total fund fees, with long-term cost differences highlighted. FI will continue publishing these statistics quarterly.
Data & statisticsConsumer and investor protection
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2025-10-27•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick has adopted rules under the Financial Advisors and Financial Planner Title Protection Act, mandating approved credentials and minimum education standards for title use. Following public consultation, the rules will take effect on January 1, 2026, pending Ministerial consent. Transition periods are set for existing title users, and criteria for credentialing bodies include governance, resources, ethics, and bilingual oversight capabilities.
Policy & regulationRules & requirementsLicensing framework and process
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2025-10-27•Canada•Quebec Autorite des marches financiers
Quebec’s Autorité des marchés financiers and Hong Kong's Securities and Futures Commission signed a memorandum to enhance cross-border supervisory cooperation and market access. The agreement strengthens cooperation and information exchange, adding Québec to the SFC's Acceptable Inspection Regimes. This enables AMF-registered portfolio managers to offer investment management services for SFC-authorized funds and expand access to Hong Kong’s markets.
SupervisionCooperationCross-border cooperation
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2025-10-27•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority mandates governance requirements for insurance and reinsurance companies, focusing on board structure, committees, control functions, and digital tools. Companies must adopt internal governance bylaws, appoint a governance officer, and prepare an annual governance report. The framework includes specific board and committee composition rules, conflict-of-interest restrictions, and allows electronic meetings with safeguards.
Policy & regulationRules & requirementsCorporate governance
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2025-10-27•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has amended rules for registering securities intermediaries and commodity exchange brokers, aligning with the Fintech Act (Law No. 21,521). Updates to General Rule No. 16 and General Rule No. 182 revise enrolment procedures and documentation requirements. A regulatory report was also published with the amended rules.
Policy & regulationRules & requirementsLicensing framework and process
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2025-10-27•Chile•Chile Financial Market Commission
The Chile Financial Market Commission is consulting on revising liquidity projection requirements for insurance and reinsurance companies, shifting from a stock-based to a flow projection-based approach. This change aims to enhance liquidity risk measurement and monitoring, aligning with international practices and banking experience. The proposal also introduces the Information Systems Manual for Insurance Companies to standardize information requirements across sectors.
Policy & regulationRules & requirementsLiquidity risk
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2025-10-27•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency is seeking public comment on a proposal to rescind recovery planning guidelines for large insured national banks and federal savings associations with assets of at least USD 100 billion. The OCC emphasizes the importance of effective risk management and aims to reduce regulatory burden by removing prescriptive recovery planning activities.
Policy & regulationRules & requirementsRecovery and resolution
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2025-10-27•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) has revoked a state-authorised auditor's authorisation due to gross breaches of audit legislation, including inadequate audit evidence and improper client acceptance evaluations. This decision follows an inspection revealing serious shortcomings in audit practices and takes effect on 31 December 2025. The auditor can appeal within three weeks and may apply for deferred implementation.
SupervisionAuthorisations & approvalsAuditing
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2025-10-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission outlined its capital market reform agenda at the Financial Street Forum, including an optimisation plan for the Qualified Foreign Investor regime and 23 measures to enhance small and medium investor protection. Key initiatives include streamlined market access, improved investment efficiency, and expanded dispute resolution mechanisms. The CSRC also plans to deepen ChiNext reform, enhance the Beijing Stock Exchange, and strengthen cross-market risk monitoring.
Policy & regulationReform agendas & prioritiesOther
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2025-10-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission released its Several Opinions on Strengthening Protection of Small and Medium Investors in the Capital Market, outlining 23 measures to enhance retail investor protections. Developed after extensive consultation, these measures address fair trading, enforcement against illegal conduct, and dispute resolution. The commission aims to collaborate with relevant parties for effective implementation.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-10-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has issued a Work Plan to optimize the Qualified Foreign Investor regime, aiming to enhance entry administration and investment convenience over two years. The plan seeks to balance financial opening with security, adopting a market-oriented, rules-based, and international approach. The CSRC will expedite the implementation of these measures and continue exploring further enhancements.
Policy & regulationReform agendas & prioritiesCross-border payments
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2025-10-27•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC), with the People’s Bank of China and the State Administration of Foreign Exchange, introduced a guide to streamline the Qualified Foreign Investor (QFI) qualification and account-opening process. It reduces procedural steps and documentation to enhance market entry efficiency. The CSRC also revised its QFI approval guidance to expedite processing, including a five-day timeframe and a "green channel" for certain investors.
Policy & regulationImplementation, projects & pilotsLicence approval
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2025-10-27•China•China Banking and Insurance Regulatory Commission
In a forum speech, the China Banking and Insurance Regulatory Commission outlined priorities for aligning financial services with economic needs, deepening reform, and strengthening risk prevention. Key initiatives include promoting a coordinated financing model, supporting strategic sectors, and enhancing risk control through mergers, asset disposal, and debt resolution. The regulator also emphasized institutional opening-up, targeted supervision, and piloting financial policies in Beijing.
Policy & regulationReform agendas & prioritiesOther
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2025-10-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) announced the successful placement of the first closed-end real estate mutual fund for mortgage loans in Argentina's capital markets. This initiative aims to channel private savings into the real economy, enhance homeownership access, and expand household financing options, reinforcing the capital market's role in economic development.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-10-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the IMF presented the IMF’s 2025 Regional Economic Outlook for Asia and the Pacific, projecting 4.5% growth despite global challenges. The outlook emphasized supply-chain diversification and foreign direct investment inflows into ASEAN, including Vietnam, driven by technology and AI. Recommendations included enhancing investment efficiency, capital markets, and maintaining flexible monetary policy amid weak domestic demand and rising public debt.
Policy & regulationInternational standards & recommendationsEconomic data and developments
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2025-10-27•Dominican Republic•Pensions Superintendency (SIPEN)
The International Association of Pension Fund Supervisory Authorities awarded the Dominican Republic’s Pensions Superintendency (SIPEN) three Good Practice certificates for pension education at the XII AIOS Supervisors Meeting. SIPEN was recognized for its ChatBot R.I.T.A., the “Aquí Sabemos de Pensiones” seal, and the “Conoce Tu Futuro” communications strategy, which aim to enhance pension education and awareness among employees and the general public.
Financial literacy & educationFinancial literacy and educationArtificial intelligence
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2025-10-27•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) summarized Superintendent Francisco A. Torres’ remarks at the AIOS meeting in Mexico City, highlighting developments in the Dominican pension system. Key points included SIPEN's publications on labour markets, educational initiatives, and increased pension fund investments. Torres noted the success of the "Here we know about pensions" program and moderated a panel on alternative investments.
Institutional developmentCooperation & capacity buildingOther
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2025-10-27•South Korea•Bank of Korea
The Bank of Korea published its Loan Officer Survey detailing lending trends for Q3 2025 and loan officers' forecasts for Q4 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-27•Burundi•Bank of the Republic of Burundi
Governor Edouard Normand Bigendako of the Bank of the Republic of Burundi addressed the International Monetary and Financial Committee at the 2025 IMF and World Bank Annual Meetings, representing the Africa Group III Constituency. He highlighted challenges for low-income African countries due to global uncertainty, fiscal constraints, and reduced development aid, stressing the need for multilateral cooperation, expedited debt restructuring, enhanced concessional financing, and safeguarding central bank independence.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-10-27•Denmark•National Bank of Denmark
The National Bank of Denmark reported that approximately 60,000 homeowners still hold negative interest rate mortgages, accounting for over 3% of total mortgage debt, with an average rate of -0.12% per year. These loans are expected to be adjusted by 2026. New mortgage loans in September had an average interest rate of 2.82% per year.
Data & statisticsLending
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2025-10-27•Europe•Single Resolution Board
In an interview with Expansión, Single Resolution Board Chair Dominique Laboureix highlighted that the 2017 resolution of Banco Popular has been upheld by EU courts. He noted that although another crisis is inevitable, the banking sector's resilience has significantly improved.
OtherRecovery and resolution
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2025-10-27•Moldova•National Bank of Moldova
The National Bank of Moldova will host a high-level dialogue workshop in Chisinau on 30 October 2025, focusing on financial and economic priorities for Moldova's EU accession. Discussions will cover aligning the financial sector with European standards, modernising agriculture and rural finance, energy security, SME competitiveness, and capital market integration. Maria Luís Albuquerque, European Commissioner for Financial Services, will deliver a keynote on financial markets' role in supporting growth and EU integration.
Policy & regulationCooperationOther
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2025-10-27•United Arab Emirates•Dubai International Financial Centre
The Dubai International Financial Centre and S&P Global Ratings hosted the 15th Annual Islamic Finance Conference, focusing on the 2025–2026 outlook for Islamic finance and GCC capital markets. Key discussions included the industry's 2024 performance with 10.6% growth and sukuk outstanding exceeding USD 1 trillion. Panels addressed growth drivers, market trends, and global credit conditions impacting emerging markets and the GCC.
OtherMarket development
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2025-10-27•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas announced four in-person Counterfeit Detection Workshops to enhance public awareness and cash handlers' skills in identifying counterfeit banknotes. The sessions will focus on security features of Bahamian banknotes, counterfeit indicators, and best practices for cash transactions.
Financial literacy & educationAML and CFT
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2025-10-27•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) alerted about VESTA PRIME PORTAL CO. L.L.C, trading as Vesta Investments, for advertising virtual asset activities in Dubai without approval and misrepresenting its licensing status. VARA confirmed Vesta Investments lacks the necessary licence to provide virtual asset services in or from Dubai, as required by Dubai Law No. (4) of 2022 and Cabinet Resolution No. 111/2022. VARA advised consumers and investors to avoid engaging with the firm and verify a firm's status through VARA's public register.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-26•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) announced that the eMPF Platform is in its final onboarding phase, with enhancements to customer service underway due to increased demand. Measures include deploying artificial intelligence, expanding service centre capacity, and increasing staffing by over 60% since June, with further increases planned. The MPFA emphasized ongoing support for MPF intermediaries and clarified that eMPF is not intended to replace them.
SupervisionInterventionsFintech and insurtechArtificial intelligence
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2025-10-26•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority conducted training for district medical officers in Iringa Council on the Universal Health Insurance Act, focusing on implementation and responsibilities. The session aimed to enhance cooperation between health and insurance sectors, involving around 100 health facilities. TIRA reported over 180 facilities are registered under the scheme, with continued outreach planned.
Policy & regulationGuidance & interpretationOther
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2025-10-26•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority announced that Hala Eastern Capital Company has fulfilled the requirements to begin Managing Investments Activity under its securities business licence, approved on August 7, 2025.
SupervisionAuthorisations & approvalsLicence approval
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2025-10-26•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released an article by its Governor emphasizing the need for modernization in its governance.
Institutional developmentGovernance
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2025-10-26•Laos•Bank of the Lao
The Bank of the Lao held its fifth Party Committee congress, reviewing past resolutions and discussing a draft 2026–2030 development plan for the financial and monetary system. The congress elected new Party leadership, including Bounkham Vorachit as secretary, and tasked party units with developing detailed implementation plans.
Institutional developmentLeadership change & appointmentsOther
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2025-10-26•Iraq•Central Bank of Iraq
The Central Bank of Iraq's National Payments Council, led by Governor Ali Mohsen Al-Allaq, reviewed initiatives to enhance payment systems and financial technologies, focusing on expanding electronic payment channels, developing digital infrastructure, and increasing financial awareness while addressing cyber risks and digital fraud. Recommendations included promoting payment technologies in education and supporting youth-targeted initiatives.
Policy & regulationImplementation, projects & pilotsPayments and payment systemsFinancial literacy and education
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2025-10-26•Iraq•Central Bank of Iraq
The Central Bank of Iraq's Governor Ali Mohsen Al-Allaq and Al Baraka Bank's CEO Adel Salem discussed Iraqi banking sector reforms, their impact on financial confidence, and opportunities for Al Baraka Bank's expansion and cooperation with Gulf banks.
Policy & regulationCooperationDomestic cooperation
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2025-10-26•Iraq•Central Bank of Iraq
The Central Bank of Iraq's Governor Ali Mohsen Al-Allaq met with the German Agency for International Cooperation (GIZ) to discuss projects aimed at enhancing public finances and financial markets, focusing on increasing financing and borrowing for small and medium enterprises.
Policy & regulationCooperationSME financing
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2025-10-26•Egypt•Central Bank of Egypt
The Central Bank of Egypt, with the Ministry of Foreign Affairs, Emigration, and Egyptian Expatriates, launched the "Open Your Account in Egypt" initiative with the National Bank of Egypt and Banque Misr to facilitate banking access for Egyptians abroad. It allows account opening through embassies or consulates, supporting remittances and investment in Egyptian savings instruments. The Central Bank plans further initiatives for instant remittance crediting and advancing banking digitalisation.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-10-25•Georgia•National Bank of Georgia
The National Bank of Georgia reported on Governor Natia Turnava's meeting at the Tbilisi Finance Summit, highlighting Georgia's investment potential and fintech opportunities. Firms like Accel and Coinbase showed interest in new financial instruments, lending, and payment mechanisms. Turnava noted plans for cooperation with Georgia's banking system and interest in establishing new financial institutions.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-10-25•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines requires rural and cooperative banks to begin live submissions of the Enhanced Comprehensive Credit and Equity Exposures Report (COCREE 2.0) via the BRMS-COCREE 2.0 Live Module, starting with the 30 September 2025 reporting period. Banks completing two pilot cycles may start live submissions, with a grace period until 28 November 2025. Those unable to start by then may continue pilot testing until 30 January 2026, after which penalties for reporting violations will apply.
SupervisionRegulatory reporting
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2025-10-25•Tanzania•Tanzania Capital Market and Securities Authority
The Tanzania Capital Market and Securities Authority invited attendance at the interviews and awards ceremony for its 2025 higher education capital markets challenge.
Financial literacy & educationMarket development
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2025-10-25•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority conducted training workshops for economic editors, focusing on recent performance trends and reforms in capital markets, insurance, and non-banking financial services. Key topics included the Unified Insurance Law, digital investment platform regulation, and the regulatory sandbox. The workshops also addressed the voluntary carbon market framework and investment rules for insurance companies.
Policy & regulationGuidance & interpretationMarket developmentFinancial literacy and education
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2025-10-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched a large-scale training programme for its department-level leadership talent pool, aimed at developing future leaders. The programme, designed by the Personnel Department, includes 120 participants and focuses on leadership capacity for policy advice and digital transformation. VietinBank co-organised the course, with Vietcombank, BIDV, Agribank, and MB providing technology and training support.
Institutional developmentCooperation & capacity buildingCapacity building
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2025-10-25•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu, at the Aspen–German Marshall Fund forum, emphasized Moldova's European integration and the central bank's role in economic transformation. She highlighted the EU-agreed Growth Plan of EUR 1.9 billion for 2025–2027 and noted improved macroeconomic conditions, including an S&P Global Ratings assessment of “BB-/B” with a stable outlook. Dragu also underscored the importance of a robust banking system and digital payments, citing the MIA instant payments platform and Moldova's accession to the Single Euro Payments Area.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMonetary policy decisions and developments
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2025-10-25•Moldova•National Bank of Moldova
The National Bank of Moldova held its first financial education session for high school students in Tiraspol, focusing on inflation and financial stability for International Savings Day. Governor Anca Dragu highlighted financial education's importance, while Natan Garștea, Director of the Financial Stability Department, explained the central bank's role in maintaining price stability. The session covered inflation causes, economic effects, and monetary policy, with students asking questions about saving and banking.
Financial literacy & educationFinancial literacy and education
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2025-10-24•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority released provisional statistics for H1 2025, showing total gross premiums of HKD 423.4 billion across long term and general business. Long term business saw new office premiums rise 50% year-on-year to HKD 173.7 billion, driven by non-linked individual business. General business reported gross premiums of HKD 58.4 billion and an operating profit of HKD 6.5 billion, with the IA advising caution in comparisons due to the new Risk-based Capital regime.
Data & statisticsFinancial and market indicators
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2025-10-24•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) held an "OJK Mengajar" session at the University of Lampung, stressing governance and integrity in financial services. OJK Audit Board Chair Sophia Wattimena highlighted prudential principles and a strong governance structure via the Three Lines Model to maintain public trust and protect funds. The session, part of OJK's 14th-anniversary activities, aimed to enhance public understanding of its role in financial stability and governance.
Financial literacy & educationCorporate governance
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2025-10-24•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) concluded Financial Inclusion Month 2025 in Surabaya, emphasizing the role of financial literacy and inclusion in economic growth. The event featured the Financial Expo 2025, facilitating public education and access to financial services. OJK reported significant increases in financial activities, including 3.55 million new bank accounts and outreach to 180 disadvantaged villages.
Financial literacy & educationFinancial inclusion
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2025-10-24•Chile•Ministry of Finance (Chile)
The Ministry of Finance (Chile) held a session in Temuco on financial inclusion and entrepreneurship, highlighting initiatives like the Fintech law and the National Financial Inclusion Strategy. Undersecretary Heidi Berner emphasized the need for better financial management tools to address household financial strain and gender-related barriers. She detailed changes in the October 2024 Tax Obligations Compliance Law, including revised interest rates on tax debts and preferential payment agreements for SMEs.
Policy & regulationGuidance & interpretationFinancial inclusion
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2025-10-24•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro has joined the European Automated Clearing House Association (EACHA), aligning with 29 other European clearing houses and service providers. This membership grants access to European payment system standards and supports projects like SEPA integration and a national instant payment system. It also enables participation in EACHA working groups and forums on technical standards and interoperability.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-10-24•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg and STATEC reported a provisional current account surplus of EUR 2,181 million for the first half of 2025, a decrease of EUR 196 million from the same period in 2024. The goods balance improved with a surplus of EUR 1,251 million, while the services balance fell 9.5% to EUR 1,490 million. The financial account showed negative direct investment flows but strong portfolio inflows, including net inflows into Luxembourg equities of EUR 141.2 billion.
Data & statisticsBalance of payments and other external statistics
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2025-10-24•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority has revised liquidity guidance to simplify the framework for small and medium-sized banks, enhancing usability in liquidity risk management and the Internal Liquidity Adequacy Assessment Process (ILAAP). The updates incorporate European Banking Authority guidelines, offering clearer compliance instructions and emphasizing requirements for smaller institutions. The revised ILAAP guidance now explicitly includes the Net Stable Funding Ratio requirement.
Policy & regulationGuidance & interpretationLiquidity risk
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2025-10-24•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority revoked the registrations of four insurance intermediaries under the Anti-Money Laundering Law due to non-compliance in responding to risk profile inquiries.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-24•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) updated the Union Strategic Supervisory Priorities, emphasizing cyber risk and digital resilience, aligned with the Digital Operational Resilience Act (DORA). ESMA and National Competent Authorities have been enhancing ICT risk management and digital resilience in EU securities markets. For 2026, ESMA plans to consolidate ESG disclosure achievements and target high-risk areas, while considering new topics for intensified supervisory focus.
SupervisionSupervision approach, priorities & toolkitCyber resilienceOperational risk and resilience
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2025-10-24•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that the Federal Court ordered RAMS Financial Group Pty Ltd to pay an AUD 20 million penalty for compliance failures in home loan arrangements. RAMS, a subsidiary of Westpac Banking Corporation, admitted to breaches including dealing with unlicensed referrers and inadequate supervision, leading to risks of unsuitable loans. The franchise network was wound down by August 2024, and RAMS has remediated affected customers.
EnforcementInvestigations & enforcement actionsCompliance
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2025-10-24•Kenya•Central Bank of Kenya
The Central Bank of Kenya revoked PayU Kenya Limited's authorization as a licensed payment service provider after the firm's voluntary decision to cease operations. PayU, licensed since March 2023, met all legal and regulatory exit requirements, including settling customer obligations. The revocation is in accordance with Section 15 of the National Payment System Act, 2011, and Regulation 10 of the National Payment System Regulations, 2014.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-24•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine's National Commission on Securities and Stock Market amended its 2025 Regulatory Action Plan, focusing on information disclosure by securities issuers and securities issuance registration. Key actions include approving corporate bond prospectuses, registering share issues for collective investment, and terminating licenses for certain capital market activities. The Commission also prohibited changes to the depository accounting system for PJSC Haberdashery and approved senior appointments at FC SYSTEMINVEST LLC and FC ZLAT GRAD-INVEST LLC.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-10-24•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus held its first session on the digital euro with banks and payment institutions, emphasizing reducing reliance on non-European payment providers. Governor Christodoulos Patsalides urged familiarization with the Digital Euro Rulebook and highlighted its implications for digitalization and business models. European Central Bank representative Patrick Papsdorf detailed ongoing work on establishing standards and procedures for digital euro payments across the euro area.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-10-24•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) is advancing initiatives to enhance cost efficiency and transparency in mutual funds and boost liquidity in exchange-traded funds (ETFs). Discussions with asset management companies and market infrastructure bodies focused on operational reforms, including outsourcing functions, leveraging fintech solutions for mutual funds, and addressing constraints in the ETF market. A working group and an SECP-led committee are reviewing proposals and finalizing reports on these initiatives.
Policy & regulationCooperationOutsourcing and third-party risk management
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2025-10-24•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported a 6.6% year-on-year increase in outstanding RMB loans to CNY 270.39 trillion for Q3 2025, with notable growth in green and inclusive lending. Loans to non-financial enterprises reached CNY 184.3 trillion, with significant rises in short-term loans and bill financing (+9.3%) and medium- and long-term loans (+7.8%). The report highlighted revisions to statistical scopes and standards affecting comparability with previous data.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-24•China•Central Bank of the Republic of China
The People's Bank of China, led by Governor Pan Gongsheng, outlined measures to enhance the central bank system, focusing on economic stability and financial market functioning. Priorities include strengthening Party leadership, refining monetary policy, expanding macroprudential management, deepening financial supply-side reform, and advancing financial opening while ensuring security. The bank aims to align these initiatives with the Communist Party's Fourth Plenum directives.
Policy & regulationReform agendas & priorities
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2025-10-24•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng and Slovenian Deputy Prime Minister and Finance Minister Klemen Boštjančič discussed the global macroeconomic outlook and China–Slovenia financial cooperation.
OtherCross-border cooperation
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2025-10-24•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) issued guidance on selecting 2026 health coverage, noting potential ACA Marketplace premium increases due to reduced financial assistance. The NAIC emphasizes that enhanced ACA premium tax credits will end after 2025, potentially raising out-of-pocket costs, though some consumers may still qualify for aid based on income. Consumers are advised to compare plan costs and benefits and be cautious of non-insurance products not covered by consumer protection laws.
Financial literacy & educationOther
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2025-10-24•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners proposed its 2026 budget, projecting USD 178.8 million in revenues and USD 186.3 million in expenses, marking increases of 7.1% and 6.3% from 2025. Key initiatives include developing a centralized data portal, modernizing solvency tools, and implementing a modernized Financial Data Repository. The budget also funds external consultants and additional regulatory support, with some consultant roles being displaced.
Institutional developmentOtherProcurement
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2025-10-24•Europe•European Banking Authority
The European Banking Authority has opened a public consultation on revised Guidelines for the supervisory review and evaluation process (SREP) and stress testing. The updates incorporate CRD VI mandates, align with interest rate and credit spread risk packages, and embed ESG and operational resilience considerations. The revisions streamline liquidity assessments, clarify SREP outcomes, and expand ICT risk focus by integrating the Digital Operational Resilience Act framework.
Policy & regulationGuidance & interpretation
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2025-10-24•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance, with the Bank of Latvia and the Latvian Financial Industry Association, is consulting on draft amendments to the Credit Institutions Law. Key proposals include reducing the deposit claim limitation period from 60 to 10 years, a separate five-year period for deceased individuals, and requiring credit institutions to notify depositors of impending deadlines. The amendments also refine criminal liability for employees disclosing non-disclosable information.
Policy & regulationRules & requirementsOther
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2025-10-24•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau of Hong Kong announced the reappointment of Ms Miranda So Man-wah as Deputy Chairman of the Mandatory Provident Fund Schemes Appeal Board, along with new appointments and reappointments for a two-year term starting October 25, 2025. The board, established under section 35 of the Mandatory Provident Fund Schemes Ordinance, will include Chairman Ms Sabrina Ho Shuk-ying and several other members. Outgoing members Ms Ding Chen and Mr Edward Liu Yang were acknowledged.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-24•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia concluded the "Me informo y cuido mi dinero" campaign in Pasto and Guachucal, focusing on preventing illegal fundraising and promoting informed investment decisions. In collaboration with the Superintendence of Industry and Commerce and the Superintendence of Companies, it addressed pyramid schemes and illegal lending, resulting in significant sanctions and judicial proceedings. The initiative reached over 1,632 attendees across eight departments and Bogotá in 2025.
Financial literacy & educationFraud and scams
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2025-10-24•Colombia•Superintendencia Financiera de Colombia
Colombia’s Financial Superintendence highlighted a World Investor Week event discussing technology's role, including AI, in enhancing financial inclusion and consumer protection. CAF’s Óscar Vargas emphasized AI's potential in financial education and fraud prevention, while Carlos Mauricio Jiménez outlined projects to modernize the financial system. The event underscored digital literacy and consumer education as critical for safeguarding financial interests.
Financial literacy & educationArtificial intelligenceFinancial literacy and education
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2025-10-24•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that the Eastern Magistrates’ Court has scheduled the criminal trial of businessman Wong Pak Ming for insider dealing from 14 November to 10 December 2025. Wong, who pleaded not guilty, is accused of insider dealing involving Transmit Entertainment Limited shares. The Court extended Wong’s bail with conditions including a cash bail of HKD 200,000 and prior notice requirements for residence changes and travel.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-10-24•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) updated its consultation on governance standards for banks, insurers, and superannuation trustees. APRA will implement a 12-year tenure limit for non-executive directors with limited extensions and will not require two independent directors not on other group boards. Early engagement on responsible person appointments won't be mandated. Clarifications on director skills, conflicts of interest, and registers of interests are planned, with further consultation expected in the first half of 2026.
Policy & regulationGuidance & interpretationCorporate governance
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2025-10-24•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) has appointed Gabriela de Raaij, Regina Fuchs, and Wolf Heinrich Reuter as directors of key divisions, with Reuter also becoming Chief Economist. Petia Niederländer and Matthias Schroth were reappointed to their respective roles. These appointments, approved unanimously by the OeNB General Council, followed a public tender and objective selection process.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-24•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority warned under Section 30 of the Financial Services Act 2008 about itrustcredit.com, falsely claiming to offer services as “Independent Trust Credit” with an Isle of Man address. This entity is not licensed or registered and may be linked to fraud or identity theft. Consumers should verify companies through official registers and report dealings with the site to local police.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2025-10-24•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan participated in a Satbayev University forum on financial literacy, emphasizing financial responsibility, prudent borrowing, and fraud protection. Discussions included personal budgeting, cybersecurity, and digital fraud prevention. The event concluded with a financial quiz and awards for a student video contest, with plans for future events.
Financial literacy & educationFinancial literacy and education
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2025-10-24•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has appointed Ibragim Alimbekovich Altamirov as head of an executive body in the banking sector, as per protocol No. 84/BVU/T.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-24•United Kingdom•UK Parliament
The UK Parliament has completed the third reading of the Public Authorities (Fraud, Error and Recovery) Bill in the House of Lords without amendments. The bill aims to prevent fraud against public authorities, address erroneous payments, and recover funds lost to fraud or error. It now returns to the House of Commons for further consideration.
Policy & regulationRules & requirementsFraud and scams
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2025-10-24•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City released its October Services Survey, indicating a slight decline in services activity in the Tenth Federal Reserve District, though future expectations remain positive. Consumer services showed resilience, while business services experienced declines. The survey's historical indexes were adjusted using new seasonal factors from Census X-13 ARIMA-SEATS.
Data & statisticsActivity and performance reporting
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2025-10-24•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston announced the retirement of Executive Vice President Chris Haley, head of the Supervision, Regulation & Credit division, effective January 2026. Haley, who joined the bank in 1991, has been a key supervisory and regulatory advisor and a member of the Executive Committee since 2020. A job posting for his replacement will be available soon.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-24•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities participated in the 64th World Federation of Exchanges General Assembly in Istanbul, where Secretary General Jalil Tarif discussed the evolving role of securities regulators in supporting market development while maintaining oversight responsibilities. The meeting addressed topics such as market structure, technology, regulation, and the balance between competition and systemic stability.
Policy & regulationCooperation
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2025-10-24•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission (OIC) launched an insurance promotion programme in Krabi to enhance risk management in the local tourism sector. The initiative addresses natural hazards and travel-related accidents, emphasizing marine transport risks and promoting insurance use among operators and travellers. The programme includes a multi-agency discussion on safety standards and a campaign to ensure passenger insurance coverage.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-24•Mexico•CONDUSEF
Mexico's CONDUSEF launched the 18th National Financial Education Week to enhance household financial capabilities. The programme covers practical money management, responsible consumption, technology's role in inclusion, and gender-focused financial education. SNEF 2025 also offers a digital version with online conferences and workshops, extending access to Mexican communities abroad.
Financial literacy & educationFinancial literacy and education
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2025-10-24•San Marino•Central Bank of San Marino
The Central Bank of San Marino has rejected a foreign group's bid to acquire a majority stake in Banca di San Marino, citing prudential and supervisory criteria. The decision does not affect Banca di San Marino's operations or its compliance with prudential and liquidity requirements. The Central Bank warned against spreading information that could harm the bank's stability, referencing Article 37 of Law 165/2005 (LISF).
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2025-10-24•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has implemented new security measures to protect data and prevent cyberattacks, aligning with federal and SUSEP-specific information security policies. These changes affect systems used by citizens, companies, and institutions in the insurance sector, potentially causing connection difficulties. SUSEP will continue enhancing its technological controls to ensure a reliable digital environment.
Institutional developmentTechnology & data transformationCyber resilience
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2025-10-24•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has licensed LLC Rumi Hotel to conduct foreign-currency operations for non-residents. The hotel can accept payments in foreign or national currency and must display daily exchange rates, but cannot engage in currency exchange activities.
SupervisionAuthorisations & approvalsLicensing framework and process