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2025-10-17•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation proposed refocusing enforcement actions and Matters Requiring Attention on issues materially affecting a bank's safety and soundness, defining "unsafe or unsound practice" as conduct likely to harm financial conditions or risk loss to the Deposit Insurance Fund. The proposal invites comments and considers additional supervision reforms, including potential changes to the CAMELS rating system and reevaluation of supervisory frameworks.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-10-17•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) proposed a rule to eliminate "reputation risk" as a supervisory factor, preventing the agency from influencing account closures based on customers' views. The FDIC will remove reputation risk references from its materials and collaborate with other agencies to do the same, inviting public comment on the proposal.
Policy & regulationRules & requirements
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2025-10-17•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye has filed a criminal complaint with the Istanbul Chief Public Prosecutor’s Office following an audit at Interbank Card Center (BKM) that suggested a potential criminal offence. The audit, conducted under Article 8(4) of Law No. 6493, was initiated with approval from the Governor’s Office. Both the central bank and BKM are monitoring the judicial proceedings.
EnforcementInvestigations & enforcement actionsAuditing
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2025-10-17•Peru•Central Bank of Peru
The Central Bank of Peru reported an 11.8% year-on-year increase in total exports for August 2025, reaching USD 7.68 billion, driven by a 10.9% rise in average export prices and a 0.8% increase in volumes. Traditional exports rose 11.8% to USD 5.69 billion, with significant contributions from agricultural and mining sectors, while non-traditional exports increased 11.5% to USD 1.969 billion, led by agriculture. Year-to-date exports totaled USD 54.977 billion, up 14.5%, with traditional and non-traditional exports growing 13.4% and 17.9%.
Data & statisticsBalance of payments and other external statistics
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2025-10-17•Georgia•National Bank of Georgia
The National Bank of Georgia's Vice Governor Nino Jeladze and a department head participated in Korea Blockchain Week 2025, engaging with industry leaders on virtual asset regulation. Discussions focused on legislative frameworks, risk management, and regulatory enforcement, aiming to inform Georgia's regulatory approach to virtual assets and related infrastructures.
Policy & regulationCooperationBlockchain and distributed ledger technology
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2025-10-17•Indonesia•Bank Indonesia
Bank of Indonesia's latest Business Survey shows stable business activity in Q3 2025, with a Weighted Net Balance (WNB) of 11.55%, slightly down from 11.70% in Q2. Performance improved notably in sectors like Mining, Construction, and Manufacturing, with production capacity utilisation rising to 73.84%. Respondents anticipate growth in Q4, driven by seasonal demand in Wholesale and Retail Trade, Transportation, and Accommodation sectors.
Data & statisticsEconomic data and developments
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2025-10-17•Indonesia•Bank Indonesia
Bank of Indonesia's latest Prompt Manufacturing Index (PMI-BI) shows improved performance, rising to 51.66 in Q3 2025 from 50.89. Key components like Production Volume, Order Volume, and Inventory Volume grew, with notable expansion in Machinery and Equipment, Tobacco Processing, and Leather industries. Expectations for Q4 2025 remain positive, with a projected PMI-BI of 51.36, led by Machinery and Equipment, Leather, and Furniture subsectors.
Data & statisticsEconomic data and developments
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2025-10-17•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng highlighted risks from trade policy uncertainty and geopolitical tensions at the G20 meeting, advocating for a moderately loose monetary policy amid China's improving economic momentum. The meeting emphasized growth-oriented macroeconomic policies, multilateral cooperation, and support for a WTO-centred trading system, urging progress on IMF quota reforms. Participants called for completing national approvals for the 16th IMF quota review and developing reform principles by April 2026.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-10-17•China•Central Bank of the Republic of China
The People’s Bank of China reported on Governor Pan Gongsheng’s meetings at the 2025 IMF and World Bank Annual Meetings, discussing global economic conditions and financial cooperation with officials from the Gulf Cooperation Council and several countries. China emphasized its commitment to enhancing South-South financial cooperation and macroeconomic policy coordination to bolster global growth and financial stability.
Monetary policyOtherCross-border cooperation
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2025-10-17•China•Central Bank of the Republic of China
At the IMF and World Bank Annual Meetings, People's Bank of China Governor Pan Gongsheng met with SWIFT CEO Javier Pérez-Tasso to discuss SWIFT's recent developments. Deputy Governor Xuan Changneng held separate discussions with BlackRock Vice Chairman Philipp Hildebrand and BNP Paribas Chairman Jean Lemierre on the international economic outlook, financial market developments, and bilateral financial cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•China•Central Bank of the Republic of China
At the International Monetary Fund and World Bank annual meetings, People's Bank of China Governor Pan Gongsheng met with European Commission officials to discuss China–EU economic and financial developments. The discussions emphasized bilateral financial cooperation as a key pillar of the China–EU relationship.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng met with World Bank President Ajay Banga and African Development Bank President Sidi Ould Tah at the IMF and World Bank Annual Meetings to discuss global economic issues and cooperation. Pan emphasized challenges from unilateralism and protectionism, reaffirming China's commitment to working with multilateral development banks to support sustainable development in low-income countries. He urged these institutions to promote multilateral cooperation and enhance global governance.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC has issued guidance to help reporting entities prepare for changes to Australia's AML/CTF legislation effective from 2026. The reforms will include sectors like real estate, accounting, law, and precious metals dealing. Developed with industry bodies, the guidance emphasizes practical implementation and provides risk insights. Additional materials will be released as AUSTRAC enhances compliance support.
Policy & regulationGuidance & interpretationAML and CFT
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2025-10-17•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau announced the reappointment of Mr Johnson Kong Chi-how and Mr Dieter Yih Lai-tak as Non-Executive Directors of the Securities and Futures Commission for a two-year term starting November 15, 2025. The reappointments were made under authority delegated by the Chief Executive pursuant to the Securities and Futures Ordinance.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-17•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported Minister Kyriakos Pierrakakis participated in an IMF panel on digitisation and AI, highlighting Greece's public administration and tax system reforms to reduce tax evasion and enhance trust. Pierrakakis noted fiscal surpluses and reduced public debt as outcomes and advocated for interoperable public services across EU member states to support a single market.
Policy & regulationCooperationFintech and insurtechArtificial intelligence
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2025-10-17•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, urged an EU policy shift to enable more cross-border mergers and acquisitions, highlighting Greece's potential central role. He supported Euronext's proposed acquisition of the Athens Stock Exchange, emphasizing liquidity benefits and synergies for Greek companies. Pierrakakis noted Recovery Fund projects will drive long-term growth, with Greece expecting stronger growth in 2026 than major European economies.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-10-17•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced the re-appointment of Mr Johnson Kong and Mr Dieter Yih as Non-Executive Directors for another two-year term starting 15 November 2025. SFC Chairman Dr Kelvin Wong emphasized their ongoing contributions to the Board in supporting the SFC's regulatory objectives, including market integrity and investor protection.
Institutional developmentLeadership change & appointmentsCorporate governance
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2025-10-17•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed penalties of CAD 180,000 on Satyamkumar Trivedi and CAD 50,000 on Sasitharan Somasekarampillai for violating the Mortgage Brokerages, Lenders and Administrators Act, 2006. Trivedi concealed information and administered mortgages without a licence, while both facilitated dishonesty and received remuneration outside their brokerage. The orders followed a settlement with Trivedi; Somasekarampillai did not contest the proposal.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-10-17•Sweden•Riksbank
Sweden's Riksbank confirmed compliance with IOSCO Principles for Financial Benchmarks in administering the Swedish krona Short Term Rate (SWESTR) and related rates. SWESTR is an unsecured overnight SEK rate based on mandatory money market transaction reporting, ensuring robustness and transparency. The Riksbank outlined procedures for alternative calculations and corrections, with oversight by the Executive Board and relevant departments.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-10-17•Zimbabwe•Zimbabwe Insurance and Pensions Commission
At the 29th African Reinsurance Forum, Zimbabwe Insurance and Pensions Commission’s Commissioner, Dr. Grace Muradzikwa, urged African reinsurers to transform markets by building domestic resilience and reducing offshore risk exportation. She emphasized inclusive insurance for the informal sector, over 83% of Africa's workforce, and advocated for retaining more premium flows onshore. Dr. Muradzikwa also called for collaboration, technological innovation, and regulatory convergence to enhance cross-border risk-sharing and leverage the African Continental Free Trade Area.
Policy & regulationReform agendas & prioritiesMarket development
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2025-10-17•Zimbabwe•Zimbabwe Insurance and Pensions Commission
The Zimbabwe Insurance and Pensions Commission shared remarks from African Insurance Organisation President Yared Mola at the 29th African Reinsurance Forum, emphasizing innovation and collaboration for a resilient reinsurance sector. Mola highlighted agriculture, renewable energy, climate change adaptation, cyber security, and infrastructure as key growth areas, noting the need for investment in data analytics and expertise to address global volatility and emerging risks.
Policy & regulationGuidance & interpretationRisk analysis and outlookMarket development
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2025-10-17•Zimbabwe•Zimbabwe Insurance and Pensions Commission
At the 29th African Reinsurance Forum, Finance Minister Mthuli Ncube stressed the need for African governments to boost reinsurance capacity to retain more capital. He noted Africa externalizes over 70% of reinsurance premiums, losing investment opportunities, and urged developing a well-capitalized reinsurance ecosystem. Ncube also discussed Zimbabwe's insurance reforms, including risk-based supervision and climate-focused solutions like parametric insurance.
Policy & regulationReform agendas & priorities
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2025-10-17•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Fund Administrators (SBS) has revised rules allowing affiliates of the Private Pension System to withdraw up to 25% of their pension savings for purchasing a single urban residential property, in line with Law 32123. The updated rules redefine "first property" as a "single urban property intended as a dwelling" and specify conditions for using the withdrawal as a down payment or mortgage.
Policy & regulationRules & requirementsOther
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2025-10-17•Austria•Austria Financial Market Authority
The Austria Financial Market Authority's 2025 Macro Report on Austrian Pension Companies highlights structural developments and key risks, including macroeconomic, technological, and climate-related factors. As of 30 June 2025, pension companies managed commitments for over 1.12 million beneficiaries, with assets rising 3.5% year-on-year to EUR 28.6 billion. The report addresses liquidity, profitability, solvency risks, and compliance with the Digital Operational Resilience Act.
Research
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2025-10-17•France•Bank of France
The Bank of France’s Financial Sector Consultative Committee (CCSF) submitted its 2024/2025 annual report, outlining its work programme and projects requested by the Minister for the Economy and Finance. A key deliverable was the inaugural report of the Financial Savings Products Observatory, analyzing the performance and fees of savings products in France. It also covers individual entrepreneurs, funeral insurance, and customer experiences with anti-money laundering obligations.
Policy & regulationImplementation, projects & pilotsLeadership change and appointments
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2025-10-17•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites and fake internet banking login screens linked to Chong Hing Bank Limited. The HKMA stressed that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Individuals who have shared personal information or conducted transactions due to these scams should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-10-17•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced that The Hong Kong Mortgage Corporation Limited completed its third infrastructure loan-backed securities issuance via Bauhinia ILBS 3 Limited, totaling US$427.9 million. The issuance includes a US$117 million sustainability tranche under HKMC’s Social, Green and Sustainability Financing Framework, with strong investor demand and participation from outside Asia. The Asian Infrastructure Investment Bank supported the issuance as an anchor investor.
Policy & regulationImplementation, projects & pilotsSecuritization
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2025-10-17•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) released its September 2025 benchmarks for real estate investment funds and advised users to subscribe to email notifications for future updates via its Institutional and Investor Portals.
Data & statisticsFinancial and market indicators
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2025-10-17•Global•G20
The G20's fourth Finance Ministers and Central Bank Governors meeting highlighted agreements on financial stability, international financial architecture, and sustainable finance. It endorsed the Financial Stability Board's recommendations on non-bank financial intermediation leverage and supported reforms for Multilateral Development Banks and the IMF. Progress was noted on cross-border payments, AI in finance, and crypto-asset regulation, with future steps including piloting a Common Carbon Credit Data Model and further implementation monitoring by the FSB.
Policy & regulationCooperationFinancial stability and systemic riskMonetary policy decisions and developments
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2025-10-17•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that AFICAP MANAGERS LTD has initiated the dissolution and liquidation of GRAVITY FUND I, a Registered Alternative Investment Fund (RAIF). The fund will remain listed in the RAIFs Registry and on CySEC’s website as "under liquidation" until the process is completed and necessary documents are submitted.
SupervisionAuthorisations & approvalsOther
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2025-10-17•Cyprus•Cyprus Securities and Exchange Commission
GMM Global Money Managers AIFM Ltd has notified the Cyprus Securities and Exchange Commission (CySEC) of the dissolution and liquidation of the investment compartment SCITUS Global Real Estate. The compartment will remain in the Registered Alternative Investment Funds registry with an "under liquidation" notice until the process is finalized and all documents are submitted. CySEC will remove the compartment from the register upon completion.
SupervisionAuthorisations & approvalsRecovery and resolution
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2025-10-17•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission released its quarterly statistics bulletin for Q2 2025, noting a 1.03% decline in assets under management (AUM) to EUR 10.6 billion. The report detailed 319 supervised entities, including 222 externally managed UCIs, and highlighted that 73.7% of total AUM was held by Cyprus-domiciled UCIs. Investments in Cyprus by UCIs exceeded EUR 2.75 billion, accounting for 25.89% of total AUM.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-17•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank has launched its 2026 scholarship competition, offering financial support for master’s and doctoral studies. The programme includes two scholarships of BGN 750 per month for master’s students and one scholarship of BGN 1,000 per month for doctoral candidates. Since its inception in 2004, the programme has received 530 applications and awarded 45 scholarships.
Financial literacy & educationOther
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2025-10-17•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced the de-registration of BA&T (IOM) Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 17 October 2025.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-17•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has granted a Financial Services Licence to Y & A Corporate Limited under section 7 of the Financial Services Act 2008. The licence encompasses Class 4 activities, sub-classes (1) to (15).
SupervisionAuthorisations & approvalsLicence approval
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2025-10-17•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan plans to introduce a self-regulatory organisation (SRO) model in the microfinance and debt collection markets. This model will delegate standards-setting and oversight to SROs, while the Agency will supervise higher-risk entities and SRO activities. The framework aims to establish uniform standards, reduce violations, and enhance consumer protection.
Policy & regulationReform agendas & prioritiesOther
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2025-10-17•Qatar•Qatar Central Bank
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Blue Owl Co-CEO Doug Ostrover and Standard Chartered Group Chair Maria Ramos during the 2025 International Monetary Fund and World Bank Group Annual Meetings to discuss recent global banking and finance developments.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•Qatar•Qatar Central Bank
Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani and Qatar’s Minister of Finance Ali bin Ahmed Al Kuwari met with U.S. Treasury Secretary Scott Bessent during the 2025 International Monetary Fund and World Bank Group Annual Meetings to discuss enhancing bilateral cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission participated in the certificate-awarding ceremony for the "Responsible Voices for Finfluencer" programme's second cohort, alongside the Securities and Exchange Commission and the Bank of Thailand. The event recognized 38 finfluencers and entries in the "Responsible Voices Content Challenge," promoting regulator-aligned content on insurance awareness and investment education.
Financial literacy & educationOther
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2025-10-17•Uzbekistan•Central Bank of the Republic of Uzbekistan
In September 2025, the Central Bank of Uzbekistan's Banking Supervision Committee held nine meetings, addressing 43 supervisory matters, including licensing, governance approvals, and prudential oversight. Actions included warnings to seven banks and 13 payment institutions, and fines for eight banks. Registration and licensing decisions involved amendments to credit institutions’ charters, establishment of microfinance organizations, and appointments to key managerial positions.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned against Mr. Lethabo Mashiane and Mr. Vhuhwavho Lehaiva for soliciting funds and offering trading signals without authorization. Such activities require a financial services provider licence under the Financial Advisory and Intermediary Services Act, and unlicensed activity is a criminal offence. Consumers should verify authorisation status and be cautious of scam indicators like unrealistic returns and urgent pressure.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned against El Chapo, soliciting ZAR 1,000 investments with false promises of returns via a trading robot. El Chapo is not authorised to provide financial services, and the FSCA advises verifying a provider's authorisation status. The public is urged to report suspicious activities and be wary of common scam indicators like unrealistic returns and urgent payment demands.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warns about Mr Bennett Nkomo, who is allegedly impersonating an FSCA employee to fraudulently claim he can release ZAR 3,915,670 upon payment of upfront "levies." The FSCA confirmed Mr Nkomo is not affiliated with them, and the licence number he used belongs to Schindlers Digital Assets (Pty) Ltd, which has no connection to him. The FSCA advises the public to be cautious of unsolicited offers requiring upfront payments and to verify financial service providers through official FSCA channels.
SupervisionAlertsFraud and scams
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The Financial Sector Conduct Authority (FSCA) issued a warning regarding an individual impersonating the regulator as a "Chief Executive Investigator" and falsely claiming asset recovery linked to an unauthorised online trading platform. The FSCA clarified that it does not manage recovered assets for complainants and is investigating the matter. The public is advised to exercise caution.
SupervisionAlertsFraud and scams
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against individuals using www.verbocapitalmarket.com and www.verbo-fx.com, falsely claiming association with Verbo Capital (Pty) Ltd. The FSCA highlighted red flags such as unrealistic returns and urged consumers to verify a provider's authorisation status through official FSCA channels. Verbo Capital confirmed no connection to these websites.
SupervisionAlertsFraud and scams
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2025-10-17•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against Barclays Academy, which is soliciting funds with promises of unrealistic returns without proper authorization. The FSCA highlighted recruitment via Facebook and urged the public to verify the authorization status of financial service providers. Barclays Academy did not respond to FSCA inquiries.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-17•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
Governor Jasmina Selimovic of the Central Bank of Bosnia and Herzegovina attended the IMF and World Bank Annual Meetings, discussing macroeconomic stability and digital transformation initiatives, including SEPA accession and TIPS Clone implementation. Meetings with IMF and World Bank officials covered banking-sector resilience, inflation, fiscal sustainability, and cooperation on development projects. Selimovic also highlighted Bosnia and Herzegovina's OECD/INFE membership for advancing financial education and inclusion.
Policy & regulationImplementation, projects & pilotsFinancial stability and systemic riskMonetary policy decisions and developments
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2025-10-17•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan's chairman, Firdavs Tolibzoda, outlined policy priorities at an IMF meeting to bolster Tajikistan's resilience to external shocks, focusing on international reserves, debt management, and an inflation-targeting framework. Discussions included financial market instability, climate finance, and economic digitisation. Tolibzoda emphasized ongoing projects under the 2022–2026 Financial Inclusion Strategy supporting women, youth, and small businesses.
Monetary policyMonetary policy framework & strategyFinancial stability and systemic riskMarket development
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2025-10-17•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan outlined economic and monetary policy priorities at the IMF and World Bank Group Annual Meetings. Key areas include cooperation under the Policy Coordination Instrument for monetary policy reforms, governance, transparency, and strategic priorities like economic digitalisation and sustainable investment. The update also emphasized regional cooperation in Central Asia across trade, energy, transport, and digital infrastructure.
Policy & regulationCooperationEconomic data and developmentsFinancial and market indicators
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2025-10-17•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan and the Swiss National Bank discussed enhancing bilateral cooperation in areas such as monetary policy, financial stability, and risk management. The meeting also covered correspondent accounts, financial transactions, trade, investment, green finance, and climate resilience. Both banks committed to maintaining a high-level relationship through mutual interests.
Policy & regulationCooperationCross-border cooperation
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2025-10-17•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan held a "Financial Literacy" festival in Dushanbe to enhance public access to financial and insurance services and improve financial literacy. The event included presentations on financial fraud prevention, bank credit use, savings, and business-focused financial literacy, with participation from over 65,000 individuals across 27 cities since 2023. An exhibition in Kurushi Kabir park showcased financial and insurance services.
Financial literacy & educationOther
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2025-10-17•Armenia•Ministry of Finance (Armenia)
Armenia's Finance Ministry, led by Minister Vahe Hovhannisyan and Central Bank President Martin Galstyan, finalized an agreement with the IMF on the sixth review of the 2022–2025 Stand-By Arrangement and a new 36-month Stand-By Arrangement worth SDR 128.8 million (USD 175 million). The agreement covers economic policy directions and macroeconomic projections, including 5% GDP growth in 2025 and 5.5% in 2026, inflation targets, and government debt at 48% of GDP. An upcoming IMF report will detail Armenia's economic indicators, policy priorities, and reform progress.
Policy & regulationImplementation, projects & pilotsCross-border cooperationFinancial stability and systemic risk
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2025-10-17•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines amended prudential guidelines for Islamic Banks and Units, covering establishment, licensing, reporting, and liquidity risk management. Key changes include phased reporting for new entrants, bank-wide liquidity ratio requirements, and specific capitalization and licensing criteria. The guidelines clarify sukuk treatment as "debt instruments" for liquidity purposes and take effect 15 days post-publication.
Policy & regulationRules & requirementsPrudential risks
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2025-10-17•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has published Part 3 of Project Symbiosis, presenting a visual applied example of the project’s approaches through a hypothetical consumer goods use case from data collection to reduction assessment. The note illustrates how artificial intelligence can be better tailored to sector-specific needs and highlights generic opportunities and challenges in using artificial intelligence for calculations and data matching.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2025-10-17•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has published Part 2 of its Project Symbiosis technical report, detailing applied research and a proof of concept, the Novel Emissions Optimiser (NEMO), to improve scope 3 emissions data and link suppliers with potential decarbonisation funding. The report sets out an end-to-end architecture using flexible data ingestion, graph-based modelling and AI-based classification, and presents NEMO as a reductions and transition-finance layer combining AI-generated and database-matched emissions-reduction measures, with initial testing showing strong accuracy but incomplete coverage.
ResearchArtificial intelligenceClimate risk and sustainable finance
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2025-10-17•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) updated Brazil’s Minister of Social Security on initiatives to enhance governance in pension entities, including the Integrar programme for risk monitoring and staff training. Discussions included operational alignment with the Ministry, complaint handling, and the Simplifica PREVIC initiative for clearer communication. Topics also covered audits, complaint processing, supervision, data protection, and safeguarding members' interests.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-10-17•South Africa•South African Reserve Bank
The South African Reserve Bank has imposed administrative sanctions totaling ZAR 162,500 on Access Forex (Pty) Limited for deficiencies in anti-money laundering and counter-terrorist financing controls, violating the Financial Intelligence Centre Act 38 of 2001. Inspections revealed failures in the firm's Risk Management and Compliance Programme, customer verification, and staff training.
EnforcementInvestigations & enforcement actionsForeign exchange policy and marketsAML and CFT
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2025-10-17•Europe•European Central Bank
The European Central Bank's analysis shows euro area banks' share prices typically rise by 2.5% relative to the EURO STOXX Banks Index after buyback announcements, with stronger effects for banks trading below book value. From 2020 to 2024, 21 large banks announced 75 buyback programmes, returning EUR 61.6 billion to shareholders. Execution of buybacks does not systematically affect prices, though implied volatility decreases on execution days, influenced by EU Market Abuse Regulation safeguards.
ResearchCapital adequacy
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2025-10-17•Europe•European Central Bank
The European Central Bank (ECB) is integrating climate and nature considerations into the digital euro project, emphasizing sustainability principles like energy efficiency. The ECB plans to use existing payments infrastructure to avoid duplication and has set environmental criteria for service providers. While the project is still in preparation, the ECB is assessing its environmental footprint and has committed to keeping the European Parliament informed through regular updates.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-10-17•Europe•European Central Bank
ECB President Christine Lagarde reaffirmed maintaining key interest rates, emphasizing a data-dependent approach to stabilize inflation at 2%. She noted euro area growth projections, inflation forecasts, trade challenges, and a stronger euro. Lagarde endorsed macroprudential framework enhancements, urged swift legislative action for a digital euro, and cautioned against deregulation in simplifying international regulatory frameworks.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-10-17•Europe•European Central Bank
The European Central Bank's weekly financial statement reported total assets and liabilities of EUR 6,192,365 million, a decrease of EUR 6,903 million from the previous week. Key changes included a EUR 14,121 million decline in securities held for monetary policy purposes and a EUR 20,841 million reduction in the deposit facility. Banknotes in circulation increased by EUR 93 million.
Data & statisticsBalance of payments and other external statistics
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2025-10-17•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles will introduce a new SCR 500 banknote in December 2025, featuring a "holographic foil stripe" instead of the "Optiks thread" for enhanced security. The new note retains the existing theme and most features, including size and colour, and will circulate alongside the current version. Public education initiatives will be launched to familiarize users with the new security elements.
Monetary policyOtherCurrency and cash management
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2025-10-17•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles will issue an updated SCR 500 banknote in December 2025, featuring a holographic foil stripe with a sea turtle, replacing the Optiks thread security feature. The new note retains the 2016 currency series theme and most design elements, and both versions will remain valid for transactions. A public awareness campaign will be launched to familiarize users with the updated note.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-10-17•Serbia•National Bank of Serbia
Governor Jorgovanka Tabaković of the National Bank of Serbia attended the IMF and World Bank Group Board of Governors session. Discussions with IMF Managing Director Kristalina Georgieva and World Bank President Ajay Banga focused on global economic challenges. Georgieva noted projected global growth slowdowns and the need for trade preservation, while Banga emphasized job creation and government roles in facilitating private capital. The session highlighted the importance of a rules-based trading system and structural adjustments for fiscal sustainability amid climate and AI transformations.
Monetary policyOther
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2025-10-17•Serbia•National Bank of Serbia
The National Bank of Serbia announced Governor Jorgovanka Tabakovic attended an International Monetary and Financial Committee meeting on global economic developments and policy measures. Priorities included preserving macroeconomic stability and revising IMF quotas. The IMF aims to enhance its operational framework to adapt to changing conditions, with the IMFC advising on economic and financial market developments.
Policy & regulationCooperationMonetary policy decisions and developmentsFinancial stability and systemic risk
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2025-10-17•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has granted ATAIX Eurasia Ltd a licence, transitioning it from the Astana International Financial Centre regulatory sandbox to a comprehensive framework for Digital Asset Service Providers. This licence permits Ataix to operate a Digital Asset Trading Facility, deal in investments, and provide custody, while allowing it to admit digital assets to trading on its platforms without prior approval, excluding non-AIFC-issued stablecoins. Ataix was previously part of a pilot project for cooperation between crypto exchanges and Kazakhstan’s second-tier banks.
SupervisionAuthorisations & approvalsLicence approvalRegulatory sandbox
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2025-10-17•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission announced that the Kuala Lumpur High Court dismissed Wong Jit Kiang's application to strike out an abetment charge related to alleged securities fraud involving Multi-Code Electronics Industries (M) Berhad. Wong is accused of abetting the late managing director Toh Chun Toh Gordon in a RM17.6 million fraud, with the trial set to proceed in the Sessions Court. The High Court upheld that abetment is a distinct offence, allowing proceedings despite Toh's conviction and death.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-10-17•Germany•German Bundesbank
The German Bundesbank reported a significant increase in private households' financial assets to EUR 9,216 billion in Q2 2025, with a shift from time deposits to overnight deposits amid falling short-term rates and US tariff uncertainties. Households' net financial wealth rose to EUR 7,064 billion, while non-financial corporations' external financing decreased by EUR 19 billion due to reduced loan-based financing. Corporate liabilities increased by EUR 218 billion, largely from valuation effects, with net financial wealth declining to minus EUR 3,120 billion.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-10-17•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission noted a Ministry of Finance conference aimed at enhancing Vietnam's securities market and attracting foreign investment. The Finance Minister stressed supporting FTSE Russell's upgrade of Vietnam's equity market by updating investment and pension fund rules, expanding hedging products, and strengthening supervision and investor education. Market participants were urged to help draft legal documents and establish professional ethics standards.
Policy & regulationRules & requirementsMarket development
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2025-10-17•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission is seeking consultancy services to oversee the replacement of hardware infrastructure and migration of applications to a virtualisation platform for critical internal systems. The Technology and Digital Transformation Department will lead the procurement process.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-10-17•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission's Technology and Digital Transformation Department is seeking price quotations for consulting services to oversee a project aimed at replacing IT security solutions.
Institutional developmentProcurementIT management
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2025-10-17•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has mandated individuals listed in an attached schedule to pay a VND 1,000,000 fee for the issuance of a securities practising certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or in person. Failure to collect the certificate within one year of fee notification will result in cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-10-17•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has reinstated the public company registration of Massa Falida da Brasil Pharma S.A. following the submission of all required periodic information. The registration was previously suspended due to non-compliance with CVM Resolution 80 for over a year.
SupervisionAuthorisations & approvalsRegulatory reporting
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2025-10-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia's Shariah Advisory Council issued a statement on the Funding Facility for Retail Payments Settlement via the Real Time Electronic Transfer of Funds and Securities (RENTAS) system.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-10-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released a statement from its Shariah Advisory Council along with standards under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002 regarding new features of the Sell and Buy Back Agreement.
Policy & regulationGuidance & interpretationOther
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2025-10-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia published a summary of the Shariah Advisory Council's statement and standards on inventory purchases structured via a parallel Istisna` contract. These were issued under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002.
Policy & regulationGuidance & interpretation
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2025-10-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released a Shariah Advisory Council statement and standards under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002. The update pertains to corporate insurance coverage for Islamic financial institutions.
Policy & regulationGuidance & interpretationOther
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2025-10-17•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released a summary of its Shariah Advisory Council's statement and standards regarding a proposed paddy financing product based on a Bai` Salam contract. The standards were issued under the Islamic Financial Services Act 2013 and the Development Financial Institutions Act 2002.
Policy & regulationGuidance & interpretation
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2025-10-17•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice after an update to the UN Security Council List, affecting Ahmad Hussain AL-SHARAA under the ISIL and Al-Qaida regime. Businesses must freeze related assets and report to the States of Guernsey Policy and Resources Committee and the Commission. Compliance with the Sanctions (Bailiwick of Guernsey) Law, 2018, is mandatory, prohibiting funds or resources to designated persons without a permitted derogation or licence.
Policy & regulationGuidance & interpretationSanctions list update
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2025-10-17•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) announced a meeting between Governor Irena Radovic and De Nederlandsche Bank President Olaf Sleijpen to enhance cooperation and support Montenegro's EU integration. Discussions included a Needs Assessment project, led by DNB and the National Bank of Belgium, to evaluate CBCG's alignment with European System of Central Banks and Eurosystem standards. The project aims to provide recommendations and an implementation roadmap for CBCG's future ESCB membership.
Policy & regulationCooperationDomestic cooperation
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2025-10-17•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has released a draft resolution for public consultation, proposing amendments to specific normative legal acts. Feedback is invited through the Bank's website and the Kyrgyz Republic’s public consultation portal.
Policy & regulationRules & requirementsRegulatory burden
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2025-10-17•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has approved regulations setting minimum requirements for fraud detection systems in microfinance organisations, aligning with national law. The regulations mandate systems that enable timely, risk-calibrated responses to strengthen fraud controls and protect customer interests.
Policy & regulationRules & requirementsFraud and scams
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2025-10-17•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Issyk-Kul regional office fined an unnamed credit union KGS 55,000 for breaching Kyrgyz Republic legislation and the National Bank's normative legal acts.
EnforcementInvestigations & enforcement actionsOther
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2025-10-17•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has suspended the exchange bureau licence of Emirkhan Valyuta LLC in Bazar-Korgon, Jalal-Abad region, following an inspection by its Jalal-Abad regional office. The suspension, due to breaches of Kyrgyz Republic legislation and the National Bank’s regulatory acts, is effective from 18 October to 24 October 2025.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2025-10-17•Russia•Central Bank of Russia
The Central Bank of Russia's September 2025 update shows slower growth in banks' claims on companies and client funds, while profitability increased. Claims rose by 0.7%, mainly in ruble-denominated loans to developers, oil and gas producers, and transport companies. Net profit increased to RUB 367 billion, driven by lower provisioning and higher net interest income, with changes in calculation principles for certain indicators noted.
Data & statisticsLending
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2025-10-17•Global•ISDA
At its Derivatives Trading Forum in Tokyo, the International Swaps and Derivatives Association (ISDA) highlighted initiatives to enhance derivatives market efficiency, focusing on collateral mobility, digitizing close-out notices, and aligning Basel III market risk rules. ISDA emphasized tokenization's potential for collateral use, launched the ISDA Notices Hub for online termination notices, and advocated for consistent, risk-sensitive Basel III implementation across jurisdictions.
Policy & regulationImplementation, projects & pilotsMarket infrastructurePrudential risks
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2025-10-17•Global•ISDA
ISDA CEO Scott O’Malia emphasized the importance of a robust derivatives market for Japan's asset management ambitions, highlighting policy updates by the Japanese Financial Services Agency and ISDA research showing strong support for increased derivatives use. Challenges include low liquidity, slow electronic trading adoption, and limited expertise, with ISDA planning further engagement to enhance market access.
Policy & regulationGuidance & interpretationMarket development
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2025-10-17•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises bondholders of seven Major Development Public Company Limited bond series to review information and exercise their rights at an upcoming meeting. Proposals include extending maturity by three years, increasing coupon rates, revising principal repayment terms, and negotiating broader debt restructuring. The SEC also mandated the bondholders’ representative to evaluate the implications of these proposals.
Policy & regulationGuidance & interpretationCorporate governance
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2025-10-17•Tanzania•Bank of Tanzania
The Bank of Tanzania refuted claims of printing money for elections and discouraged withdrawing bank deposits, affirming banking system stability. It highlighted 3.3% inflation, 6% projected economic growth, and a 2.4% GDP current account deficit, noting banks' strong capitalization and liquidity. The central bank urged public confidence in banking services and warned against keeping cash at home.
SupervisionAlertsOther
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2025-10-17•Iceland•Central Bank of Iceland
The Central Bank of Iceland's Balance of Payments, External Position and Vulnerabilities 2025 report highlights a modest but widening current account deficit driven by increased domestic investment, with the króna appreciating despite global shocks. As of Q2 2025, Iceland's net international investment position was 44% of GDP, with international reserves at 19% of GDP, and external liabilities at 98% of GDP, the lowest since the early 2000s.
Data & statisticsBalance of payments and other external statistics
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2025-10-17•Pakistan•State Bank of Pakistan
Governor Jameel Ahmad of the State Bank of Pakistan highlighted an improving macroeconomic outlook at the IMF and World Bank Annual Meetings, citing prudent monetary policy and fiscal consolidation. He reported headline inflation at 5.6% in September 2025, with foreign exchange reserves rising fivefold since February 2023. The SBP set a foreign exchange reserve target of USD 17.5 billion by June 2026, projecting FY26 GDP growth between 3.25–4.25%.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-10-17•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has revoked the authorization of M/s. Muhammadi Exchange Company (Pvt.) Ltd. to conduct foreign exchange business. The company is no longer permitted to deal in foreign exchange following the closure of its operations.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-17•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has issued the "Business Conduct and Fair Treatment of Consumers Regulatory Framework" (BC&FRF), setting obligations on market conduct and consumer protection for financial entities. Developed after consultations, it includes principles and rules covering the entire product lifecycle, from development to termination. It is divided into two parts: general principles and six pillars addressing governance, transparency, fair treatment, data protection, dispute resolution, and capacity building.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-10-17•United States•Federal Deposit Insurance Corporation
The FDIC proposes codifying its decision to exclude "reputation risk" as a standalone factor in bank supervision, focusing on credit, liquidity, and market risk. This would prevent adverse actions based on reputation risk and influence on service decisions due to political or social views. References to reputation risk will be removed from FDIC materials, with plans to collaborate with other federal agencies for similar updates.
Policy & regulationRules & requirements
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2025-10-17•United States•Federal Reserve Board
The Federal Reserve Board denied Canandaigua National Corporation's application to engage in an activity requiring real property acquisition, citing inconsistency with the Bank Holding Company Act. The Board's decision will be published following a confidentiality review.
SupervisionAuthorisations & approvalsLicence approval
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2025-10-17•Egypt•Egypt Financial Regulatory Authority
Egypt Financial Regulatory Authority's chairman, Mohamed Farid, met global investors in Washington to discuss reforms in Egypt’s non-banking financial markets, focusing on transparency, governance, and institutional participation. Farid emphasized financial institutions' role in investment decision-making and digitization's impact on financial inclusion. Future plans involve cooperation on sustainable finance and digital transformation, aiming to facilitate foreign capital entry and integrate with international markets.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial inclusion
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2025-10-17•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets approved a draft law to align national rules with EU standards by transposing Directive (EU) 2019/2034, enhancing prudential requirements for non-bank investment firms. The CNPF also registered share capital changes for several firms and approved a takeover bid by "DAAC HERMES." Additionally, the CNPF rejected a suspension request from "GRAWE CARAT ASIGURARI" SA and mandated compliance from IM CIA "TRANSELIT" SA on insurance compensation.
Policy & regulationRules & requirementsLicensing framework and process
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2025-10-17•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority fined Greenvale Capital LLP NOK 100,000 for late disclosure of crossing the 5% shareholding threshold in Aker Carbon Capital. The breach of the Norwegian Securities Trading Act was due to a notification error in Greenvale's portfolio management system. Finanstilsynet deemed the breach negligent, considering its length and gravity, aligning the penalty with prior enforcement practices.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-10-17•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) revised the Listed Company Governance Code, effective 1 January 2026, to standardize conduct among directors, senior management, and controlling shareholders. Key updates include enhanced supervisory frameworks, stricter limits on same-industry competition, and alignment of remuneration with performance. The revisions also align with existing regulations like the Securities Law and the Measures for the Administration of Independent Directors.
Policy & regulationRules & requirementsCorporate governance
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2025-10-17•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub, in collaboration with the Hong Kong Monetary Authority, released "Symbiosis – Part 1: Key Findings" on Project Symbiosis, highlighting applied technology research such as the Net Emissions Optimiser proof-of-concept aimed at reducing information gaps in the climate transition for corporations, the financial sector, and small and medium-sized enterprises.
ResearchClimate risk and sustainable finance