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  • 2025-10-22AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan publishes bank-wide digital fraud statistics and plans quarterly releases

    The Central Bank of the Republic of Azerbaijan released digital fraud statistics for the banking sector for the first half of 2025 to enhance public awareness of cybersecurity risks. The report, based on banks' regulatory submissions, details fraud incidents by type, transaction, and loss amounts, with international metrics for digital payment fraud monitoring. A working group with the Ministry of Internal Affairs and banks was established to coordinate anti-fraud efforts and improve cybersecurity.

    Data & statisticsFraud and scams
  • 2025-10-22CanadaOntario Securities Commission

    Ontario Securities Commission publishes compliance examination findings and guidance on digital engagement practices in online retail investing

    The Ontario Securities Commission (OSC) released findings and guidance on digital engagement practices (DEPs) used by online retail investing platforms, emphasizing compliance with securities obligations. The examination noted benefits like enhanced client engagement but raised concerns over DEPs promoting excessive trading and lacking adequate policies. The OSC also highlighted risks from gamification techniques and indicated these findings will guide future DEP research.

    SupervisionReviews, inspections & stress testsConsumer and investor protection
  • 2025-10-22GlobalSustainable Banking and Finance Network

    Sustainable Banking and Finance Network releases 2025 Global Progress Report on sustainable finance growth across 72 emerging markets

    The Sustainable Banking and Finance Network, facilitated by the International Finance Corporation, released its 2025 Global Progress Report highlighting advances in sustainable finance across 72 emerging markets, with USD 790.5 billion in thematic bonds issued. The report notes 145 new sustainable finance frameworks and identifies constraints like scaling adaptation finance and improving data quality, now supported by a new Data Portal.

    ResearchClimate risk and sustainable finance
  • 2025-10-22SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority warns Seychelles Company Registration is unlicensed to provide international corporate services

    The Seychelles Financial Services Authority issued a public alert regarding Seychelles Company Registration, which is advertising licensable services without authorization under the International Corporate Services Act, 2003. The entity does not hold, and has never been granted, a licence under this Act or any other FSA-administered legislation. The authority advises caution when engaging with the entity, its website, or representatives.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-22CroatiaCroatian Financial Services Supervisory Agency

    Croatian Financial Services Supervisory Agency approves Čakovečki mlinovi prospectus for admission of 5,730,000 shares to regulated market

    The Croatian Financial Services Supervisory Agency approved Čakovečki mlinovi d.d.'s simplified prospectus for the admission of 5,730,000 registered ordinary no-par-value shares to the regulated market. The prospectus was found to contain all required information and meet applicable legal requirements.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-10-22CroatiaCroatian Financial Services Supervisory Agency

    Croatian Financial Services Supervisory Agency publishes first review of 2024 sustainability reporting by Zagreb Stock Exchange issuers, finding gaps in emissions, transition plans and Taxonomy alignment

    The Croatian Financial Services Supervisory Agency (Hanfa) released its first analysis of 2024 sustainability and audit reports for Zagreb Stock Exchange issuers, highlighting uneven disclosures. While 88% received unqualified limited assurance, gaps were noted in alignment with the Taxonomy Regulation, ESRS, and greenhouse gas emissions disclosures. Key areas included climate change and workforce, but significant omissions were found in reporting on value chain workers, affected communities, and biodiversity.

    SupervisionReviews, inspections & stress testsESGAccounting and financial reporting
  • 2025-10-22GlobalSustainable Banking and Finance Network

    Sustainable Banking and Finance Network releases 2025 Global Progress Report on sustainable finance advances across 72 emerging markets

    The Sustainable Banking and Finance Network (SBFN) released its 2025 Global Progress Report, highlighting significant growth in sustainable finance across 72 emerging markets, with USD 790.5 billion in thematic bonds issued. Since 2023, SBFN members have introduced 145 new sustainable finance frameworks, enhancing ESG approaches and aligning with international standards. The report also notes challenges like scaling adaptation finance, strengthening institutional capabilities, and improving data quality.

    ResearchClimate risk and sustainable finance
  • 2025-10-22PolandCentral Bank of Poland

    Central Bank of Poland reports September M3 up PLN 16.7bn to PLN 2,642.7bn

    The Central Bank of Poland reported a PLN 16.7bn increase in the M3 money supply in September 2025, reaching PLN 2,642.7bn. This growth was primarily due to higher cash in circulation and increased deposits from financial and local government institutions. Additionally, central government net debt rose by PLN 39.6bn, while household sector debt increased by PLN 3.8bn.

    Data & statisticsMonetary data
  • 2025-10-22RussiaCentral Bank of Russia

    Central Bank of Russia reports Faster Payments System volumes averaging 50 million daily transactions in 2025 Q3

    The Central Bank of Russia reported that the Faster Payments System (SBP) saw average daily transaction volumes of approximately 50 million in Q3 2025, a 30% increase year on year. September 2025 marked a new peak with daily transactions reaching 64.5 million. In Q3, the system processed 4.6 billion transactions totaling RUB 26.5 trillion.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-22CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada imposes CAD 176.96 million penalty on Cryptomus for AML reporting and compliance failures

    FINTRAC imposed a CAD 176,960,190 penalty on Xeltox Enterprises Ltd. for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included failing to report 1,068 suspicious and 1,518 large virtual currency transactions. The unreported transactions were linked to suspected laundering activities related to child sexual abuse material, fraud, ransomware payments, and sanctions evasion.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-10-22Saudi ArabiaSaudi Arabia Insurance Authority

    Saudi Arabia Insurance Authority announces region’s first specialized insurance conference and exhibition

    The Saudi Arabia Insurance Authority will hold the ingate Global Insurance Conference and Exhibition in Riyadh from Nov. 10 to 12. The event will bring together 100 speakers and more than 150 organizations to discuss market development, including insurance penetration and the expansion of protection and savings products.

    OtherFinancial inclusionConsumer and investor protectionMarket development
  • 2025-10-22MoroccoMoroccan Capital Markets Authority

    Moroccan Capital Markets Authority approves preliminary prospectus for Air Liquide SA employee-only capital increase of up to 850,000 shares

    The Moroccan Capital Markets Authority has approved the preliminary prospectus for Air Liquide SA's capital increase, targeting up to 850,000 new shares for employees of Air Liquide Maroc. The subscription price will be set on 30 October 2025, with documentation available through the issuer, BMCI, and the AMMC website.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-10-22SwedenFinansinspektionen

    Sweden's Financial Supervisory Authority to review covered bond issuers’ use of transitional rules for on-tap issuance

    Sweden's Financial Supervisory Authority (FI) is conducting an analysis to assess how issuers of covered bonds have applied transitional provisions in the regulatory framework. This follows the implementation of new rules on 8 July 2022, affecting bonds issued prior, including "on tap" bonds. The review involves mapping the outstanding volumes of these bonds across 12 authorized Swedish institutions.

    SupervisionReviews, inspections & stress testsSecuritization
  • 2025-10-22SwedenFinansinspektionen

    Sweden's Finansinspektionen publishes joint analysis showing mortgage-related enforcement debts are rare but rising to SEK 4.75bn

    Finansinspektionen and the Swedish Enforcement Authority published an analysis of mortgage-related debts registered with Kronofogden from 2021 to 2024. The review shows a significant increase in both the number of mortgage borrowers receiving claims, rising to over 3,000 in 2024, and the total debt amount, escalating from SEK 750m to SEK 4,750m. Despite the increase, most borrowers continue to meet interest and amortisation payments.

    SupervisionRisk monitoring & watch pointsLendingConsumer and investor protection
  • 2025-10-22IcelandCentral Bank of Iceland

    Central Bank of Iceland publishes minutes of the Monetary Policy Committee meeting on 6-7 October 2025

    The Central Bank of Iceland released minutes from its Monetary Policy Committee meeting on 6-7 October 2025, outlining discussions on economic developments, equilibrium estimates, and monetary policy instrument decisions, with publication following the Committee's procedural timeline.

    Monetary policyPolicy rate decision minutes and accountsMonetary policy decisions and developments
  • 2025-10-22CanadaNew Brunswick Financial & Consumer Services Commission

    Financial and Consumer Services Commission of New Brunswick revises guidance on statutory discharge for annuity buy-outs

    The Financial and Consumer Services Commission of New Brunswick updated guidance for pension plan administrators seeking statutory discharge when purchasing annuities to buy out deferred pensions. Administrators must notify affected individuals with purchase details and ensure a post-purchase solvency ratio of at least 1.0 or the greater of 0.85 and the most recent ratio if below 1.0. Future regulations may introduce additional parameters, with stakeholders informed of any updates.

    Policy & regulationGuidance & interpretation
  • 2025-10-22CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial and Consumer Services Commission warns investors that AlpCaps is not registered to deal or advise in securities or derivatives

    The New Brunswick Financial and Consumer Services Commission issued a warning against AlpCaps, which is not registered to deal or advise in securities or derivatives in New Brunswick. Investors are advised to avoid unregistered firms due to the lack of investor protections. The Commission provided URLs associated with AlpCaps and recommended using the National Registration Search tool to verify registration status.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-22HungaryNational Bank of Hungary

    National Bank of Hungary publishes Savings Report showing household net financial wealth reached 114 percent of GDP and equity funds and inflation-indexed government securities generated the highest yields

    The National Bank of Hungary's Savings Report shows Hungarian households' net financial wealth rose from 82% of GDP in 2012 to 114% by mid-2025, driven by net financial savings and asset revaluation. It highlights the importance of diversified portfolios and notes that forint investments recently outperformed foreign-currency investments, despite exchange rate risks not implying higher expected yields. The report also links household savings and asset structures to achieving inflation targets, financial stability, and sustainable growth.

    ResearchFinancial literacy and education
  • 2025-10-22CanadaPayments Canada

    Payments Canada updates by-laws to expand membership and tighten eligibility and compliance rules for PSPs, clearing houses and credit union locals

    Payments Canada amended By-laws No. 1 and 3 to align with the Canadian Payments Act and Retail Payment Activities Act, enhancing membership eligibility. By-law No. 1 updates membership requirements, mandating registration under the Retail Payment Activities Act for payment service providers, while By-law No. 3 clarifies roles within the Automated Clearing Settlement System. These changes support a representative mix of payment service providers and users.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-10-22CanadaCanadian Securities Administrators

    Canadian Securities Administrators warns crypto-backed lending platforms may face registration and prospectus requirements and urges investors to check regulatory status

    The Canadian Securities Administrators (CSA) reminded crypto-backed lending platforms that securities laws may apply to their activities and urged compliance with regulatory requirements. The CSA highlighted potential risks for investors using unregistered platforms, including weak collateral safeguards and inadequate loan term disclosures. Platforms are encouraged to consult regulators to clarify requirements and explore exemptive relief options.

    Policy & regulationGuidance & interpretationLendingConsumer and investor protection
  • 2025-10-22United StatesFederal Reserve Board

    Federal Reserve Board Governor Michael Barr promotes low-cost bank accounts faster payments and small-dollar loans to advance financial inclusion

    Federal Reserve Board Governor Michael S. Barr stressed the importance of safe, affordable bank accounts, faster payments, and small-dollar loans for financial inclusion of low- and moderate-income households. He highlighted the Bank On initiative and the Bank On National Data Hub as key resources for expanding access to low-cost banking. Barr also discussed using alternative data for underwriting to broaden credit access and reduce costs.

    Policy & regulationReform agendas & prioritiesFinancial inclusion
  • 2025-10-22United StatesFederal Reserve Board

    Federal Reserve Board publishes Governor Barr remarks highlighting Community Development Financial Institutions’ role in expanding credit access

    Federal Reserve Board Governor Michael S. Barr highlighted Community Development Financial Institutions' (CDFIs) role in providing credit to underserved communities at the Opportunity Finance Network Conference. Barr emphasized CDFIs' flexible lending and local relationships, noting their impact in rural, urban, and tribal areas, and their support during financial crises. He also referenced the Federal Reserve’s Center for Indian Country Development's documentation of CDFI activities and his previous work at the U.S. Department of the Treasury.

    Policy & regulationOtherSME financing
  • 2025-10-22EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority extends one-year suspension on traditional microfinance and consumer finance licensing applications with a fintech exemption

    Egypt's Financial Regulatory Authority (FRA) issued Decision No. 237 of 2025, extending the suspension of incorporation requests and preliminary approvals for traditional microenterprise and consumer finance licences for one year, renewable. The decision aims to ensure financial soundness and support digital transformation, exempting fintech-based activities under Law No. 5 of 2022. The FRA noted a significant rise in new licences before the initial halt, necessitating an assessment of existing firms' solvency.

    Policy & regulationRules & requirementsLicence approval
  • 2025-10-22EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority grants one-year transition to phase out cash dividend payouts and require bank accounts for securities clients

    The Egypt Financial Regulatory Authority amended its investor account protection framework, requiring custody firms to ensure clients have accounts with Central Bank of Egypt-registered banks and expanding non-cash channels for distributing dividends. Licensed custodians must verify clients' bank accounts when opening securities trading accounts and notify the central depository. Investors can choose from various methods for dividend payments, including direct bank transfers and electronic wallets.

    Policy & regulationRules & requirementsPayments and payment systemsClient asset custody and safekeeping
  • 2025-10-22MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets participates in the CESEE insurance supervision initiative autumn session

    Moldova's National Commission for Financial Markets participated in the CESEE-ISI autumn session, focusing on insurance market trends and challenges. Discussions included consumer protection, professional ethics, conflict of interest management, and motor insurance issues. The initiative aims to enhance cross-border supervisory cooperation and align national supervision with European standards.

    SupervisionCooperationCross-border cooperation
  • 2025-10-22CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission secures CAD 110,000 in settlements over unregistered trading and illegal cannabis securities distributions

    The British Columbia Securities Commission settled with Spencer Reid Coulter and Bullseye Consulting Inc., and Nigel Alexander Horsley and Grand Lodge Capital Inc., imposing a CAD 110,000 penalty for unregistered trading and illegal securities distributions related to RoccaVerde Wellness Corporation. Both parties face nine-month restrictions on trading and promotional activities. The settlements acknowledge their cooperation, completion of a public companies course, and expressions of remorse.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activitySecurities offerings and listings
  • 2025-10-22ChileChile Financial Market Commission

    Chile Financial Market Commission issues warning that several online entities are not registered or authorised to provide regulated services

    The Chile Financial Market Commission (CMF) issued an investor alert regarding several unregistered entities offering financial services online without legal authorization in Chile. Entities identified include GLENBROOK ADVISORY, EBC FINANCIAL GROUP, HERTON BUSINESS SCHOOL, and KEYANB CRYPTO GROUP LTD. The CMF advised investors to verify registration status and consult the CMF Fraud Alerts Page for further information.

    SupervisionAlertsLicence approval
  • 2025-10-22NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway revokes accounting firm's authorisation after finding extensive and serious deficiencies

    Norway's Financial Supervisory Authority revoked an accounting firm's authorization after a report revealed serious governance and accounting deficiencies. The inspection highlighted failures in compliance with the Accounting Act, Bookkeeping Act, and anti-money laundering rules, including late filings, unlawful loans, and incorrect self-reporting. The firm also showed capacity issues and recurring deficiencies in client engagements, such as missing documentation and unsupported financial statements.

    SupervisionAuthorisations & approvalsAuditing
  • 2025-10-22NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority revokes a state-authorised accountant’s authorisation after finding gross compliance breaches and absent engagement quality controls

    The Norwegian Financial Supervisory Authority revoked a state-authorised accountant's authorization due to gross legal and professional breaches at their firm. The review found deficiencies in client evaluations, quality assurance, documentation, missing financial disclosures, and inadequate tax handling. The firm also failed in obligations like late filings and incorrect reporting to the authority.

    SupervisionAuthorisations & approvalsAuditing
  • 2025-10-22NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway revokes a state-authorised auditor’s approval after finding gross breaches of audit quality and firm governance requirements

    Norway's Financial Supervisory Authority has revoked a state-authorised auditor's approval due to gross violations in audit practice and quality management. The decision follows findings of insufficient audit evidence, pervasive weaknesses in planning and documentation, and serious governance failures, including inaccurate self-reporting. The authority deemed the breaches severe enough to warrant permanent revocation, citing a pattern of misconduct.

    SupervisionAuthorisations & approvalsAuditing
  • 2025-10-22NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway imposes NOK 100,000 penalty on auditor for audit engagement acceptance and AML failures

    The Financial Supervisory Authority of Norway imposed a NOK 100,000 penalty on a state-authorised auditor for breaches of the Norwegian Auditor Act and non-compliance with the Anti-Money Laundering Act across four audit engagements. The inspection revealed serious weaknesses in acceptance procedures and a gross breach of good auditing practice, with deficiencies in customer due diligence and risk assessments. The audit firm ceased services on 22 September 2025, and the engagement partner requested to deposit his auditor approval.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-10-22NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority finds audit evidence and reporting breaches in Ernst & Young public interest entity audit

    The Norwegian Financial Supervisory Authority (Finanstilsynet) reported that Ernst & Young AS breached the Norwegian Auditor Act and EU Audit Regulation in its audit of a public interest entity. Key issues included insufficient audit evidence for revenue recognition on fixed-price projects and deficiencies in statutory and additional audit reports. Ernst & Young AS has begun remediation efforts to address these findings.

    SupervisionReviews, inspections & stress testsAuditing
  • 2025-10-22AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority refines proposed general insurance reinsurance framework to expand access to alternative reinsurance

    The Australian Prudential Regulation Authority has refined its proposed updates to the general insurance reinsurance framework to facilitate access to diverse reinsurance structures while safeguarding policyholder interests, incorporating industry feedback from November 2024 consultations. APRA seeks further industry feedback on the draft standards, guidance, and reporting proposals by 30 January 2026.

    Policy & regulationRules & requirementsPrudential risks
  • 2025-10-22ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission clarifies 2025 annual supervision fee rules for foreign virtual asset service providers and successor local entities

    The Argentina Securities Commission (CNV) issued Interpretative Criterion No. 100 to clarify the 2025 supervision and control fee for foreign Virtual Asset Service Providers (PSAVs). Foreign companies registered by 15 October 2025 must pay the fee between 3 and 7 November 2025. If a foreign PSAV operates through an Argentine-incorporated company registered after this date, no additional fee is required for 2025, provided the foreign PSAV has already paid.

    Policy & regulationGuidance & interpretationLicensing framework and process
  • 2025-10-22ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission expands tokenization regime to new securities and waives listing for fully digital issuances

    The Argentina Securities Commission (CNV) has expanded its tokenization regime, allowing more instruments to be issued and traded as digital assets within regulated markets. The amendment permits tokenizations under automatic public offering regimes for various financial instruments and requires issuers to file a dedicated disclosure chapter on digital representation. Fully digital issuances are exempt from listing on authorized markets.

    Policy & regulationRules & requirementsTokenization
  • 2025-10-22GlobalFinancial Standards Planning Board

    Financial Planning Standards Board elects 2026 leadership with Caroline Dabu to assume board chair from April

    The Financial Planning Standards Board announced governance and committee leadership appointments effective in 2026, including Caroline Dabu as Board chairperson from 1 April 2026, succeeding Andrea Middel, and Eunice Chan as chairperson-elect. New board members Amyr Rocha Lima and Amy Richardson will start three-year terms on 1 April 2026, with additional leadership roles filled across various committees.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-22MacaoMonetary Authority of Macao

    Monetary Authority of Macao hosts green and sustainable finance seminar and signals consultation on banks’ climate risk management guidelines

    The Monetary Authority of Macao, with the Macao Environmental Protection Bureau and the Macao Association of Banks, hosted a seminar on green and sustainable finance, discussing global developments and regional cooperation. The Authority announced it is drafting climate risk management guidelines and will consult the banking sector. The seminar highlighted Macao's green finance market evolution, including issuing green bonds and developing green financial products.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-10-22VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Vu Minh Chau as acting head of its International Cooperation Department and names Tran Quang Tien deputy head

    The State Bank of Vietnam has appointed Vu Minh Chau as Acting Director General and Tran Quang Tien as Deputy Director General of its International Cooperation Department, effective 21 October 2025. Priorities set by Deputy Governor Nguyen Ngoc Canh include enhancing cooperation with international financial institutions and central banks, and strengthening Vietnam's role in multilateral forums and banking-related free trade agreements.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-22VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Hoang Thi Phuong Hanh as member of Deposit Insurance of Vietnam board

    The State Bank of Vietnam appointed Hoang Thi Phuong Hanh to the Board of Directors of Deposit Insurance of Vietnam for a five-year term, effective 21 October 2025. This appointment is part of a broader staff rotation strategy. Additionally, a revised Deposit Insurance Law will be submitted to the National Assembly, aiming to expand the role of Deposit Insurance of Vietnam to include coordination and supervision of People’s Credit Funds.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-22VietnamState Bank of Vietnam

    State Bank of Vietnam orders detailed review of its IT systems and a phased upgrade plan focused on cyber and information security

    The State Bank of Vietnam held an internal meeting to evaluate IT systems. Governor Nguyen Thi Hong directed a comprehensive review and upgrade plan to enhance security and resilience. The IT Department reported smooth operations across 24 business information systems and was tasked with coordinating cybersecurity and digital transformation. Units were instructed to identify system gaps and propose regulatory changes, working closely with the IT Department on solutions.

    Institutional developmentTechnology & data transformationIT management
  • 2025-10-22ArgentinaArgentina Superintendency of Insurance

    Argentina Superintendency of Insurance sets out early-warning supervision model and integrated claims data system in summit speech

    The Argentina Superintendency of Insurance, led by Superintendent Guillermo Plate, outlined priorities at the Second Argentine Insurance Summit, emphasizing modernization and growth through trust and predictability. Key initiatives include debureaucratisation, technological innovation, and a new supervisory model with early-warning alerts and open data, aligning with Open Finance. The SSN plans to continue modernization with additional technology-driven projects.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2025-10-22SwitzerlandFederal Department of Finance (Switzerland)

    Federal Department of Finance (Switzerland) launches consultation on Financial Institutions Act amendments creating new payment instrument and crypto-institution licences

    The Swiss Federal Department of Finance has launched a consultation to amend the Financial Institutions Act, enhancing regulations for technology-driven financial models like stablecoins and crypto services. The proposal introduces "payment instrument institution" and "crypto-institution" licences, focusing on client fund segregation, stablecoin issuance, and anti-money laundering. This aims to boost market development, competitiveness, financial stability, and consumer protection.

    Policy & regulationRules & requirementsFintech and insurtechBlockchain and distributed ledger technology
  • 2025-10-22South KoreaBank of Korea

    Bank of Korea reports September 2025 producer price index up 0.4% month on month and 1.2% year on year

    The Bank of Korea released preliminary Producer Price Index data for September 2025, indicating a 0.4% month-on-month and 1.2% year-on-year increase in producer prices. Key sub-indices showed agricultural, forestry, and marine products up 0.4%, manufacturing products up 0.2%, electric power, gas, water, and waste up 1.1%, and services up 0.4%.

    Data & statisticsEconomic data and developments
  • 2025-10-22BhutanRoyal Monetary Authority of Bhutan

    Royal Monetary Authority of Bhutan publishes second national AML CFT risk assessment rating overall ML TF risk as low

    The Royal Monetary Authority of Bhutan published its Second National Risk Assessment of the anti-money laundering and countering the financing of terrorism framework, coordinated with the International Monetary Fund. The assessment finds Bhutan's money laundering and terrorist financing risk to be low, with minor long-term consequences. It identifies major threats from crime proceeds linked to corruption and smuggling, and vulnerabilities in institutional capacity and enforcement.

    SupervisionRisk monitoring & watch pointsAML and CFT
  • 2025-10-22Isle of ManThe Treasury (Isle of Man)

    The Treasury (Isle of Man) publicises 13 new asset-freeze entries on the UK Sanctions List under the Global Irregular Migration and Trafficking in Persons regime

    The Treasury (Isle of Man) added thirteen entries to the UK Sanctions List under the Global Irregular Migration and Trafficking in Persons sanctions regime, subjecting them to an asset freeze in the Isle of Man. Firms must freeze funds and resources immediately if a match is suspected, verify customer information against the UK Sanctions List, and report frozen assets to the Financial Intelligence Unit. Non-compliance or circumvention of these sanctions is a criminal offence.

    Policy & regulationGuidance & interpretationSanctions list update
  • 2025-10-22Isle of ManThe Treasury (Isle of Man)

    Isle of Man Treasury publicises amended ISIL and Al-Qaida sanctions entry for Abd El Kader Mahmoud Mohamed El Sayed

    The Isle of Man Treasury updated its sanctions list following a United Nations Security Council amendment to the ISIL (Daesh) and Al-Qaida regime, affecting one individual entry. The update pertains to Abd El Kader Mahmoud Mohamed El Sayed, removing the location of his reported death while maintaining his designation and asset freeze. Institutions must freeze assets if a match is suspected and report to the Financial Intelligence Unit.

    Policy & regulationInternational standards & recommendationsSanctions list update
  • 2025-10-21BoliviaCentral Bank of Bolivia

    Central Bank of Bolivia cites IDB report showing sixfold jump in low-value interbank digital payments after QR interoperability reforms

    The Central Bank of Bolivia highlighted an Inter-American Development Bank study on Bolivia's digital payments progress, emphasizing the 2022 implementation of an interoperable system. This boosted low-value interbank transactions and electronic payments per capita. The bank also underscored mandatory QR code standardization and its Regulation on Payment Services to enhance financial digitalization.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-10-21EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority publishes draft RTS setting liquidity and redemption requirements for open-ended loan-originating AIFs

    The European Securities and Markets Authority (ESMA) released draft Regulatory Technical Standards (RTS) for open-ended loan-originating alternative investment funds (OE LO AIFs), focusing on liquidity risk controls and redemption arrangements. The RTS outline requirements for liquidity management, liquid assets availability, stress testing, and redemption policies aligned with the funds' liquidity profiles. Submitted under the Alternative Investment Fund Managers Directive (AIFMD), these standards are part of non-essential Level 2 acts not expected to be adopted by the European Commission before October 2027.

    Policy & regulationRules & requirementsLiquidity riskStress testing
  • 2025-10-21NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua keeps 2026 exchange-rate crawl at 0% and reiterates 2025 macro targets

    Central Bank of Nicaragua President Ovidio Reyes reviewed 2025 economic performance, maintaining targets of 3–4% growth, 2–3% inflation, and 3% unemployment. He confirmed the Córdoba's exchange rate will remain unchanged against the USD in 2026, citing balanced monetary policy and prudent fiscal measures. Reyes projected 2026 growth at 4% and inflation between 2.0–2.5%, with credit and deposits growing at 12% and improved banking profitability.

    Monetary policyMonetary policy assessments & outlooksEconomic data and developments
  • 2025-10-21NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua President participates in IMF 2025 Annual Meetings and plans bilateral talks on Nicaragua’s IMF work agenda

    The Central Bank of Nicaragua's President, Ovidio Reyes, is attending the IMF 2025 Annual Meetings, engaging in regional discussions on economic outlooks and policy priorities. Reyes participated in sessions with Central American, Panamanian, and Dominican Republic officials, and in an IMF Executive Board constituency meeting. A bilateral meeting with IMF officials is planned to discuss Nicaragua's economic conditions and future agenda.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-21AngolaAngola Capital Markets Commission

    Angola Capital Markets Commission attends Portugal Securities Market Commission training seminar on securities market supervision

    The Angola Capital Markets Commission participated in an International Training Seminar on Supervision and Regulation of the Securities Market in Lisbon, organized by Portugal’s Securities Market Commission. This engagement is part of the Commission's efforts to enhance technical capabilities and exchange best practices with international peers.

    Institutional developmentCooperation & capacity building
  • 2025-10-21PakistanState Bank of Pakistan

    State Bank of Pakistan reports Banking on Equality gains to 37 million women’s accounts and commits to WE-Finance Code with 22 banks

    State Bank of Pakistan Governor Jameel Ahmad, at a World Bank Group event, highlighted the Banking on Equality framework's success in boosting women's financial inclusion and announced its second phase. Since 2021, women's bank accounts rose from 20 million to 37 million, and the gender gap in financial inclusion decreased from 39% to 30%. The second phase will focus on digital solutions and targeted financing for women-led MSMEs, supported by the WE-Finance Code.

    Policy & regulationImplementation, projects & pilotsDiversity and inclusionFinancial inclusion
  • 2025-10-21KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo advances National Anti-Counterfeiting Centre plans in talks with Italy’s Carabinieri anti-counterfeiting command

    The Central Bank of the Republic of Kosovo hosted General Gianluca Vitagliano to enhance cooperation against currency counterfeiting under the EU Pericles programme. Governor Ahmet Ismaili discussed efforts in AML/CFT, SEPA integration, and establishing a National Centre Against Money Counterfeiting with EU and Croatian support. An agreement with the European Central Bank aims to integrate Kosovo into networks to combat euro banknote counterfeiting.

    Policy & regulationCooperationCross-border cooperation
  • 2025-10-21IsraelBank of Israel

    Bank of Israel updates inflation expectations indicators with one-year market breakeven at 1.9 percent

    The Bank of Israel's updated inflation expectations show one-year expectations from the government bond market at 1.9%, with the 12-month-ahead forecast average and internal-interest-rate measure at 2.0%. Forward expectations are 2.0% for the second and third years, 2.0% for years 3–5, and 2.3% for five-to-ten-year horizons, with historical data indicating a decline from 3.2% in January 2024 to 1.9% currently.

    Data & statistics
  • 2025-10-21AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission bans MWL adviser Wade Spooner for eight years over misleading Shield Master Fund superannuation advice

    The Australian Securities & Investments Commission (ASIC) has issued an eight-year ban against financial adviser Wade Lance Spooner for providing inappropriate advice and issuing misleading statements about investments in the Shield Master Fund. Spooner, formerly of MWL Financial Services Pty Ltd, has applied for a review of the decision, but the Administrative Review Tribunal denied his requests for a stay and confidentiality orders. ASIC's action is part of an ongoing investigation into the Shield Master Fund, with over AUD 480 million invested by at least 5,800 consumers.

    EnforcementSanctions & designations
  • 2025-10-21AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission permanently bans Noel Northcott after false fund performance reporting and misleading statements to investors

    The Australian Securities & Investments Commission (ASIC) has permanently banned Noel Northcott from the financial services industry due to his involvement with the Noon Investment Fund and the Quant Fund, which engaged in misleading practices and significant financial losses. Northcott issued false performance statements and made deceptive claims about fund performance and duration, while lacking understanding of the Australian financial services licensing regime. His appeal to the Administrative Review Tribunal for a stay and confidentiality was denied, allowing ASIC to publicize the ban.

    EnforcementInvestigations & enforcement actions
  • 2025-10-21AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission reports Black Collections director loses appeal and is reconvicted for deception over unlicensed debt collection

    ASIC announced that Louise Angela Medley, director of Black Collections Pty Ltd, lost an appeal and was reconvicted for dishonestly obtaining a financial advantage by deception. She received a 12-month conditional release order and faces a five-year disqualification from managing corporations under the Corporations Act. Black Collections was also convicted for unlicensed credit activities under the National Consumer Credit Protection Act 2009, following an ASIC referral.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-10-21UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market sets 28 October deadline for comments on draft Real Estate Transaction Fund certificate rules

    The Ukraine National Commission on Securities and Stock Market is finalizing a draft regulation to update the issuance and circulation of Real Estate Transaction Fund certificates. The draft proposes streamlining administrative processes through electronic submissions and XBRL reporting, and includes a global certificate to enhance transparency and investment support.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-10-21UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market amends commodity exchange reporting rules and approves multiple securities registrations and control changes

    The Ukraine National Commission on Securities and Stock Market adopted amendments to commodity exchange reporting requirements and updated broader policy and draft legal acts. It registered share issues and prospectuses for several entities, including PJSC Scientific Production Enterprise Saturn and JSC ZNVCIF Oktava. Additionally, the Commission approved supervisory and governance changes, including acquisitions and auditor appointments.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-10-21EcuadorSuperintendencia de Bancos de Ecuador

    Ecuador's Superintendency of Banks deepens cooperation with the IDB and OAS with a focus on SupTech GenAI for risk-based supervision

    Ecuador's Superintendency of Banks, led by Superintendent Roberto Romero von Buchwald, visited Washington, DC to enhance international cooperation, including discussions with the Inter-American Development Bank on risk-based supervision using SupTech GenAI. The visit also included meetings with Ecuador’s representative to the Organization of American States and the ambassador to the United States to explore participation in cooperation programs.

    SupervisionCooperationCross-border cooperationSupervision process and methodologies
  • 2025-10-21IndonesiaOJK

    Indonesia's Financial Services Authority runs Islamic finance education and MSME business matching with Nahdlatul Ulama and delivers youth digital finance outreach with LPS

    Indonesia's Financial Services Authority (OJK) conducted outreach to enhance Islamic finance literacy and support MSMEs. In Magelang, OJK collaborated with Nahdlatul Ulama for educational and business events for over 2,000 students and 79 MSME participants. In Yogyakarta, OJK and the Indonesia Deposit Insurance Corporation (LPS) engaged students on digital finance risks and introduced financial education initiatives.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-21IndonesiaOJK

    Indonesia's Financial Services Authority and Indonesian Institute of Accountants issue Indonesian GAAP guidance on financial reporting for crypto assets

    Indonesia's Financial Services Authority (OJK) and the Indonesian Institute of Accountants (IAI) have issued guidance to standardize accounting and financial reporting of crypto assets. Detailed in Implementation Bulletin Volume 8, it aligns with Indonesian Financial Accounting Standards to enhance consistency and transparency. It addresses crypto assets held by entities and in custody for customers, reflecting industry growth to over 18 million users and IDR 360.3 trillion in transactions as of September 2025.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-10-21AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission issues interim stop orders on TruePillars Investment Trust PDSs for Pooled and Loan Units

    The Australian Securities & Investments Commission (ASIC) has issued interim stop orders on TruePillars Investment's Pooled Unit and Loan Units product disclosures, citing concerns over defective and unclear disclosures. Issues include omissions about investments, conflicts of interest, risks, and fees, as well as potentially misleading statements. The stop orders are part of ASIC's retail private credit surveillance, and T.P.R.E. Ltd may make submissions before any final decision.

    EnforcementInvestigations & enforcement actionsDisclosuresCorporate governance
  • 2025-10-21Costa RicaCentral Bank of Costa Rica

    Central Bank of Costa Rica to switch Economic Indicators portal exclusively to new platform from 1 November

    The Central Bank of Costa Rica will transition its Economic Indicators portal exclusively to a redesigned platform from 1 November, with legacy site links available until 31 October. The new portal, launched in July, offers access to over 9,000 statistical series, interactive charting, data integration tools, and enhanced accessibility features.

    Data & statisticsEconomic data and developments
  • 2025-10-21PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan approves PSX rulebook amendments mandating corporate briefing sessions on audited accounts within 30 days of AGM

    The Securities and Exchange Commission of Pakistan mandates amendments to the Pakistan Stock Exchange rulebook, requiring listed companies to hold Corporate Briefing Sessions on annual audited financial statements. These sessions, aimed at enhancing investor engagement, must occur within 30 days of the Annual General Meeting and be attended by the CEO and CFO. The Pakistan Stock Exchange will provide a calendar, publish presentations in advance, and host session recordings on a new video channel.

    Policy & regulationRules & requirementsAccounting and financial reporting
  • 2025-10-21ChinaCentral Bank of the Republic of China

    People's Bank of China deputy governor urges multilateral support for developing-country liquidity and reforms to IMF World Bank debt analysis

    At the IMF and World Bank Annual Meetings, People's Bank of China Deputy Governor Xuan Changneng highlighted liquidity pressures on developing countries and advocated for enhanced multilateral cooperation. He linked these challenges to trade frictions and geopolitical uncertainty, urging improvements in global sovereign debt governance and support for debtor countries. Xuan also discussed cooperation with the Financial Action Task Force and the Central Bank of Barbados.

    Policy & regulationReform agendas & prioritiesGeopolitical risk
  • 2025-10-21UkraineNational Bank of Ukraine

    National Bank of Ukraine review keeps UAH/USD FX benchmarks unchanged while seeking improvements to UONIA methodology

    The National Bank of Ukraine's Oversight Council reviewed the UONIA money market indicator and key foreign exchange indicators, affirming UONIA's objectivity despite methodological flaws and finding no need for changes to the hryvnia's UAH/USD exchange rate indicators. The review highlighted sufficient UAH/USD market turnover for reliable benchmarks and noted the euro's growing role in FX markets. Implementation of a new UAH/EUR benchmark and revised methodologies for non-USD exchange rates continues.

    Policy & regulationImplementation, projects & pilotsMarket infrastructure
  • 2025-10-21CroatiaMinistry of Finance (Croatia)

    Croatia's Ministry of Finance and the Croatian Financial Services Supervisory Agency launch consultation and partner call for PutNaTržište capital market financing sandbox

    Croatia's Ministry of Finance and the Croatian Financial Services Supervisory Agency (Hanfa) have launched a public consultation on the PutNaTržište educational-simulation sandbox. This initiative aims to assist SMEs, startups, and scaleups in preparing for market-based funding and identifying barriers to capital market access. The sandbox will provide education, simulations, and mentored support, focusing on IPO readiness and venture capital raising.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
  • 2025-10-21CroatiaMinistry of Finance (Croatia)

    Croatia’s Ministry of Finance highlights European Investment Bank Group’s over EUR 10bn financing as its local office marks 10th anniversary

    Croatia’s Ministry of Finance marked the European Investment Bank (EIB) Group’s 10th anniversary in Croatia, highlighting its role as the largest funding source for development projects, with over EUR 10bn since 1977. In 2024, EIB financing reached a record EUR 1.24bn, supporting infrastructure, SMEs, urban renewal, and climate action. The update also noted private-sector financing initiatives and advisory support for affordable housing.

    OtherMarket development
  • 2025-10-21GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance highlights AI and digital tools underpinning the tax evasion crackdown

    Greece’s Ministry of National Economy and Finance emphasized using digital tools, including AI, to enhance tax services and combat evasion, reporting significant revenue gains. Deputy Minister Giorgos Kotsiras noted measures like linking point-of-sale terminals with cash registers and the myData platform as key contributors. The remarks also covered citizen-focused initiatives and integrating digital control models in customs enforcement under the new National Customs Code.

    Policy & regulationImplementation, projects & pilotsArtificial intelligenceAML and CFT
  • 2025-10-21SwedenRiksbank

    Sweden's Riksbank staff memo extends SRISK estimates to all Swedish banks and finds major banks drive expected crisis capital shortfalls

    Sweden's Riksbank released a memo estimating systemic risk in the banking sector using the SRISK measure, extending calculations to listed and non-listed banks. The analysis shows major and mortgage banks drive expected capital shortfalls in stress scenarios, with large banks facing shortfalls of SEK 40-80 billion per quarter, occasionally reaching SEK 110 billion. Smaller banks, while less impactful individually, could affect financial stability if multiple institutions face issues simultaneously.

    ResearchFinancial stability and systemic riskPrudential risks
  • 2025-10-21FranceBank of France

    Bank of France appoints Hassiba Kaabêche as National Credit Mediator and chair of the Observatory for Business Financing from 24 October 2025

    The Bank of France has appointed Hassiba Kaabêche as France’s National Credit Mediator, effective 24 October 2025, succeeding Frédéric Visnovsky. She will also serve as President of the Observatory for Business Financing while retaining her current roles within the Bank of France. The National Credit Mediation, supporting companies in financial distress, will continue under her leadership with a focus on aiding small and medium-sized enterprises.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-10-21Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert on fraudulent banking websites and login screens targeting four banks

    The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake banking login screens, and phishing emails targeting banks like The Bank of East Asia and OCBC Bank (Hong Kong). The HKMA stressed that banks won't send SMS or emails with transaction hyperlinks or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-10-21IndonesiaMinistry of Finance (Indonesia)

    Indonesia's Ministry of Finance reports G20 finance leaders launch Africa Engagement Framework and endorse debt sustainability measures

    Indonesia's Ministry of Finance reported Deputy Finance Minister Thomas Djiwandono's participation in the 4th G20 Finance Ministers and Central Bank Governors meeting in Washington, D.C. The meeting addressed global economic resilience amid geopolitical risks, supply chain disruptions, and climate events, emphasizing balanced fiscal and monetary policies. Key outcomes included endorsing a Ministerial Statement on Debt Sustainability, adopting Climate Resilient Debt Clauses, and launching the G20 Finance Track Africa Engagement Framework for 2025–2030.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-10-21KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan clarifies credit bureau reporting access rules and five-year retention of credit history data

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan released an explainer on borrower assessment by banks and microfinance organisations using credit scoring systems. It details the roles of Kazakhstan's two credit bureaus, JSC State Credit Bureau and First Credit Bureau LLP, and clarifies data retention and access protocols under the Law on Credit Bureaus.

    Policy & regulationGuidance & interpretationCredit risk
  • 2025-10-21GhanaBank of Ghana

    Bank of Ghana starts comprehensive review of the Consumer Recourse Mechanism and will seek industry input

    The Bank of Ghana announced a review of its Consumer Recourse Mechanism to address gaps in handling complaints, amid rising demand for updates and increased complaint escalation. The central bank highlighted issues like weak corporate governance, inadequate accountability, and a rise in banking fraud cases. The review will involve industry engagement before finalizing the revised framework.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2025-10-21MexicoMexico Comisión Nacional de Seguros y Fianzas (CNSF)

    Mexico's National Insurance and Surety Commission releases solvency indicators through Q3 2025 showing capital coverage around twice the regulatory minimum

    Mexico’s National Insurance and Surety Commission (CNSF) released updated solvency indicators for the insurance and surety sector from 2019 to Q3 2025, showing all key measures above the regulatory minimum. The Solvency Capital Ratio Index (RCS) is at 2.0, the Liquidity Index (LI) at 3.8, and the Investment Base Index (BI) at 1.07. The report also details the top 10 institutions by premium issuance, including market shares and solvency metrics.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-10-21ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission integrates databases with Royal Thai Police to improve compulsory motor insurance enforcement

    The Thailand Office of Insurance Commission (OIC) and the Royal Thai Police have launched a joint initiative to enhance enforcement of road accident victim protection laws through data integration and staff training. This includes linking the OIC’s CMIS system with the police's CRIMES ONLINE platform for better verification of compulsory motor insurance. A public awareness campaign will run from October to December, focusing on education, warnings, and stricter enforcement.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-10-21South AfricaSouth Africa Financial Sector Conduct Authority

    South Africa Financial Sector Conduct Authority fines Harith General Partners R1.7 million for Financial Intelligence Centre Act compliance failures

    The South Africa Financial Sector Conduct Authority (FSCA) imposed a R1.7 million penalty on Harith General Partners (Pty) Ltd for breaches of the Financial Intelligence Centre Act, 2001. The FSCA inspection revealed deficiencies in Harith's Risk Management and Compliance Programme, including failures in customer due diligence and compliance with UN Security Council-related prohibitions. A directive for remediation was issued, with R500,000 of the penalty conditionally suspended for two years.

    EnforcementInvestigations & enforcement actionsAML and CFTCompliance
  • 2025-10-21South AfricaSouth Africa Financial Sector Conduct Authority

    South Africa Financial Sector Conduct Authority warns public against SPO Trading Ltd for unauthorised financial services and false FiveWest affiliation

    The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against SPO Trading Ltd for providing unauthorized financial services in South Africa. SPO Trading falsely claimed association with FiveWest OTC Desk (Pty) Ltd, using non-existent FSP numbers. The FSCA advises consumers to verify authorisation status and exercise caution with unsolicited offers.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-21South AfricaSouth Africa Financial Sector Conduct Authority

    South Africa Financial Sector Conduct Authority warns public against Mr Neo Nkoko over unauthorised forex investment solicitations

    The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against Mr Neo Nkoko, who is soliciting funds for investment, including forex trading, without authorization. The FSCA advises consumers to verify the authorization status of financial service providers and to be cautious of unsolicited offers.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-10-21JordanJordan Securities Commission

    Jordan Securities Commission issues accreditation framework for brokerage firms to intermediate remote trading in foreign markets

    The Jordan Securities Commission has established an accreditation framework for financial brokerage companies to engage in intermediary activities in foreign financial markets via remote trading, effective August 2025. Eligible firms must hold a valid brokerage license, maintain a minimum paid-up capital of JOD 5 million, and comply with the Commission’s Licensing and Accreditation System and Separation of Accounts Instructions.

    Policy & regulationRules & requirementsLicence approval
  • 2025-10-21BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance highlights market development and financial education initiatives at CSP Bahia award

    At the Prêmio CSP Bahia event, SUSEP's Head of Communications, Flavio Vasconcelos Andrade, emphasized initiatives to strengthen the insurance market and enhance public engagement. He highlighted SUSEP's regulatory role, citing over BRL 400 billion in annual revenues and BRL 2 trillion in technical provisions, and discussed efforts in innovation and financial education, including the "Meu Futuro Seguro" program.

    Financial literacy & educationOther
  • 2025-10-21BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance establishes internal working group to revise Open Insurance regulatory framework

    The Brazilian Superintendence of Private Insurance (SUSEP) has formed a working group to enhance the Open Insurance regulatory framework. The review will cover governance, participation criteria, accreditation, customer journey certification, and system monitoring. Two subgroups will focus on technical/regulatory and technology/business issues, with industry input sought through consultations.

    Policy & regulationImplementation, projects & pilotsOpen banking and finance
  • 2025-10-21Dominican RepublicSuperintendencia del Mercado de Valores de la Republica Dominicana

    Dominican Republic's Superintendency of the Securities Market launches UnMercado.do investor education platform with market institutions

    The Superintendency of the Securities Market of the Dominican Republic, with key financial associations, launched UnMercado.do, a digital platform to enhance financial literacy and expand capital markets. It offers resources on investing, saving, and personal finance, focusing on the Dominican securities market. The launch included a bell-ringing ceremony, a portal presentation, and a panel discussion on digital financial education.

    Financial literacy & educationFinancial literacy and education
  • 2025-10-21TajikistanNational Bank of the Republic of Tajikistan

    National Bank of the Republic of Tajikistan grants Dushanbe Elite Tower a licence for foreign-currency transactions linked to non-resident hotel services

    The National Bank of the Republic of Tajikistan has authorized Limited Liability Company Dushanbe Elite Tower to conduct foreign-currency operations for non-residents at the Crowne Plaza Dushanbe hotel. The company can accept national currency for payments and must display daily exchange rates, but is not permitted to engage in foreign-currency exchange.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-10-21SpainBank of Spain

    Bank of Spain reports Spanish general government debt at 103% of GDP in August 2025, 0.9 percentage points lower year on year

    The Bank of Spain reported that Spanish general government debt under the Excessive Deficit Procedure was 103% of GDP in August 2025, a decrease of 0.9 percentage points from the previous year. The consolidated debt stock rose 4.7% year on year to EUR 1,699 billion, with central government debt at EUR 1,546 billion and Social Security debt increasing by 8.6% to EUR 126 billion. The figures are based on advance information and may be revised.

    Data & statisticsEconomic data and developments
  • 2025-10-21PalestinePalestine Capital Market Authority

    Palestine Capital Market Authority to implement Cabinet-approved up to 10% discount for electronic payment of mandatory motor insurance

    The Palestine Capital Market Authority announced that the Council of Ministers approved a PCMA recommendation to allow insurance companies to offer up to a 10% discount on mandatory motor insurance premiums paid electronically. This initiative aims to boost electronic payment adoption in the insurance sector, supporting liquidity, financial performance, and operational efficiency while reducing cash reliance. The PCMA will issue regulations to implement this.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-10-21Sint Maarten & CuracaoCentral Bank of Sint Maarten & Curacao

    Central Bank of Curaçao and Sint Maarten study finds inflation is regressive in Curaçao and hits low-income households hardest

    Research by the Central Bank of Curaçao and Sint Maarten shows lower-income households in Curaçao experience higher effective inflation and purchasing power erosion than wealthier groups. This is due to disproportionate spending on food, electricity, and fuel. The study suggests targeted policy support during external shocks and recommends long-term strategies to reduce reliance on imported food and energy through local agriculture and renewable energy investments.

    Research
  • 2025-10-21PalestinePalestine Capital Market Authority

    Palestine Capital Market Authority joins AAOIFI to strengthen supervision of Islamic non-banking financial services

    The Palestine Capital Market Authority (PCMA) has joined the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to align oversight of Islamic financial services in Palestine's non-banking sectors with international standards. This move supports PCMA's program to develop Sharia-compliant tools and services, including Islamic sukuk issuance, ijarah activities, and takaful services.

    Policy & regulationInternational standards & recommendationsAccounting and financial reportingCorporate governance
  • 2025-10-21PalestinePalestine Capital Market Authority

    Palestine Capital Market Authority co-hosts discussion session on draft 2024 Palestinian Insurance Decree-Law

    The Palestine Capital Market Authority, in collaboration with An-Najah National University, conducted a session to review the Draft Decree-Law on Palestinian Insurance for 2024. Discussions focused on legal drafting, alignment with market needs, and enhancing the law's comprehensiveness. Participants emphasized the need for broader community involvement and further specialized sessions.

    Policy & regulationGuidance & interpretationOther