The Bank of Korea released preliminary September 2025 data showing a 0.6% monthly and 2.2% annual rise in the Export Price Index in KRW terms. The Import Price Index increased by 0.2% month on month and 0.6% year on year. The Net Barter Terms of Trade Index improved by 3.2% compared to the previous year.
The Bank for International Settlements Innovation Hub and the Hong Kong Monetary Authority released findings from Project Symbiosis, which used AI and big data to enhance environmental impact tracking and disclosure in supply chains. The project improved data collection and highlighted emission-reduction opportunities, with applications in risk assessment and reporting automation.
Moody’s upgraded Mongolia’s long-term sovereign credit rating to B1 with a stable outlook, citing export diversification and stronger domestic demand. The upgrade reflects governance reforms and prudent debt management, despite a projected rise in government debt due to a widening fiscal deficit. Further upgrades depend on increased foreign reserves and reduced exchange rate risks, while downgrade risks include rising loan needs and external financing gaps.
The Isle of Man Treasury announced an amendment to the United Nations ISIL (Da’esh) and Al-Qaida sanctions regime, updating the listing for QDi.317 Ahmad Hussain al-Sharaa. The update includes new identifying information and reiterates the requirement for firms to freeze assets, verify matches, and report to the Financial Intelligence Unit. The sanctions regime enforces an asset freeze, trade sanctions, travel ban, and arms embargo per Security Council resolution 2734 (2024).
The Cayman Islands Monetary Authority, in collaboration with the Office for Strategic Action on Illicit Finance, has initiated a Virtual Assets Sector Survey to inform the National Risk Assessment 2025-26. The survey aims to gather data from entities involved in virtual asset activities to enhance understanding of sector operations and risks. Responses will remain confidential and solely support the NRA.
The Cayman Islands Monetary Authority, with the Ministry of Financial Services and Commerce and the International Monetary Fund, has launched a survey to assess money laundering and terrorist financing risks linked to legal persons and arrangements. It targets senior AML/CFT compliance officers for input on vulnerabilities and mitigation measures, aligning with Financial Action Task Force Recommendations 24 and 25. Results will inform the national risk assessment and enhance the Cayman Islands’ AML/CFT framework.
Governor Anca Dragu and Deputy Governor Tatiana Ivanicichina of the National Bank of Moldova participated in OMFIF’s conference in Washington, D.C., discussing reserve asset management amid global volatility. Key topics included geopolitical tensions, digitalisation, AI, and reserve diversification, with insights contributing to a forthcoming research report. The delegation is also attending the World Bank Group and IMF Annual Meetings.
The National Bank of Moldova joined the World Bank's "Women Lead" event, emphasizing its commitment to promoting women's leadership in finance. It highlighted its "FinanciarELE – Women’s Leadership Community" and the National Financial Inclusion Strategy, focusing on expanding financial access for vulnerable groups. Moldova ranked seventh globally in the World Economic Forum’s Global Gender Gap Report 2025, with an 81.3% parity score.
The National Bank of Moldova’s Executive Committee amended the Regulation on the management framework for banks’ activities, initially approved under Decision No. 322/2018. The amendments will take effect on 2 March 2026.
The Single Resolution Board (SRB) has launched a public consultation on new operational guidance for banks' communication during resolution, including a communication testing supplement. This initiative aims to enhance clarity and expectations for banks' communication strategies when institutions are failing or likely to fail. The guidance builds on the SRB’s existing Expectations for Banks, emphasizing coordinated communication as part of the resolution strategy.
Trinidad and Tobago’s Ministry of Finance amended Schedule 2 of the Value Added Tax Act, detailing zero-rated items and confirming a VAT rate reduction from 15% to 12.5%, effective 1 February 2016. The update clarifies zero-rating across product categories, distinguishing between basic items and their variants, and specifies zero-rating for certain educational materials, hygiene items, domestic travel, and agricultural inputs. Goods and services not on the zero-rated list remain subject to VAT.
The Central Bank of The Bahamas announced an industry briefing to discuss proposed legislative reforms for modernizing the financial sector's regulatory framework. The briefing will be held on 21 October 2025 via Zoom and YouTube, with participation invited from financial institutions, industry associations, and stakeholders.
The Eastern Caribbean Central Bank held its first AML/CFT/CPF Conference, emphasizing proactive compliance to safeguard financial stability. Deputy Governor Dr. Valda F. Henry highlighted controls that ensure access, citing the ECCU First Step Account as a financial inclusion model. She addressed digital vulnerabilities and recommended ongoing education to combat sophisticated cyber crimes.
The Eastern Caribbean Central Bank is hosting its first Anti-Money Laundering and Countering the Financing of Terrorism and Proliferation Financing (AML/CFT/CPF) Conference on 16-17 October in Saint Christopher (St Kitts) and Nevis. Over 100 stakeholders will discuss AML/CFT/CPF developments in the Eastern Caribbean Currency Union (ECCU), focusing on compliance, digital transformation, and financial inclusion. Key topics include modernising the ECCU payment system, beneficial ownership, and using artificial intelligence in compliance.
The Eastern Caribbean Central Bank and CAF – Development Bank of Latin America and the Caribbean have signed a Memorandum of Understanding to enhance climate and development finance for the Eastern Caribbean Currency Union. The partnership will focus on renewable energy, digital transformation, and institutional capacity building. The MOU aims to strengthen financial systems and support the region's transition to greener, more resilient economies.
The Bulgaria Financial Supervision Commission approved the prospectus for Sirma Group Holding AD's share issue, totaling BGN 59,360,518, for trading on a regulated market. Additionally, "Freedom24 Bulgaria" EDPC was registered as a bound agent.
The Central Bank of Montenegro participated in the World Bank and IMF Annual Meetings, focusing on integrating Montenegro's payment system into SEPA. The TIPS Clone project, funded by the World Bank and implemented with Banca d’Italia, aims to establish a 24/7 instant payment system, potentially generating EUR 160 million annually and reducing the income gap with the EU. The Central Bank is also collaborating with the World Bank’s Financial Sector Advisory Centre to enhance banking regulation and supervision.
The Central Bank of Montenegro, led by Governor Irena Radovic, participated in bilateral meetings at the World Bank and IMF Annual Meetings to boost international cooperation. A key development was signing an annex to the January Letter of Intent, integrating North Macedonia into the TIPS Clone project for regional instant payment infrastructure. Discussions also covered digital payments and Montenegro's integration into the European System of Central Banks.
The Montenegro Capital Market Authority has initiated a public consultation on draft rules detailing the structure and content of financial statements and reports for alternative investment funds. The draft was adopted under Article 63(9) of the Law on Alternative Investment Funds.
The Italian Securities Commission (Consob) has ordered the blocking of 17 websites offering unauthorised investment and crypto-asset services, including sites using scam ads with cloned faces and voices of Italian politicians. This action, based on Italy's "growth decree" and MiCAR, brings the total blocked sites to 1,443 since July 2019. The blocking is executed by Italian internet providers and may take several days due to technical reasons.
National Treasury (South Africa) released the chair’s summary of the G20 Finance Ministers and Central Bank Governors meeting, highlighting endorsements of Financial Stability Board recommendations on non-bank financial intermediation and key Infrastructure Working Group deliverables. The meeting reaffirmed commitment to implementing Basel III and addressing data gaps, while noting progress and challenges in the G20 Roadmap for Enhancing Cross-Border Payments. The summary also covers the FSB peer review on crypto-assets, artificial intelligence in finance, and upcoming initiatives like the Common Carbon Credit Data Model pilot and IMF governance discussions.
The Central Bank of the Republic of Kosovo announced that Governor Ahmet Ismaili met with Mary Goodman of the International Monetary Fund to reaffirm strategic cooperation for financial stability. Discussions included IMF technical assistance in microprudential and macroprudential supervision, crypto-assets, IT regulation, risk management, and cybersecurity. Ismaili also participated in an IMF-World Bank panel highlighting Kosovo's financial system achievements and the IMF Financial Sector Stability Review.
The Central Bank of Mexico, with the Secretariat of Finance and Public Credit, Banjercito, and the Mexican Bankers Association, launched "Plan Billetes" in Álamo Temapache, Veracruz to facilitate cash access after severe weather disrupted banking services. Temporary Banking Service Modules will allow cash withdrawals without commission fees, reimbursed by issuing banks. Secured by the Secretariat of National Defense, these modules will operate from 17 October 2025.
The Bank of Italy issued a statement from Governor Fabio Panetta at the 112th World Bank/IMF Development Committee meeting in Washington, D.C.
The Angola Capital Markets Commission has approved the registration of OHUASI Technologies – Sociedade Distribuidora de Valores Mobiliários, S.A., authorizing it to conduct securities distributor activities under its supervision.
The Hong Kong Mandatory Provident Fund Schemes Authority (MPFA) has identified suspected forgery or use of false documents for illegal early MPF withdrawals, marking the first occurrence for terminal illness claims. The MPFA is collaborating with the Police and trustees to address these cases and has reminded trustees of their duty to report suspicious activities and ensure rigorous document verification. Forging or using false instruments is a criminal offence under the Crimes Ordinance, with penalties of up to 14 years’ imprisonment.
The Central Bank of the Republic of Kosovo (CBK) announced that Governor Ahmet Ismaili met with a Swiss National Bank delegation led by Governing Board Chair Martin Schlegel to explore institutional cooperation during the 2025 IMF and World Bank Annual Meetings. Discussions included aligning with the EU legal framework, joining the Single Euro Payments Area, and modernizing the fast payments system. Schlegel expressed openness to collaborating on international reserves management and financial stability.
The Central Bank of the Republic of Kosovo, led by Governor Ahmet Ismaili, met with the International Monetary Fund (IMF) to discuss economic developments and financial sector reforms. Both parties agreed to enhance cooperation and coordination to support reform implementation. Discussions included banking supervision, resolution mechanisms, macroprudential policy, payments infrastructure modernization, and IMF technical assistance projects.
The Saudi Central Bank (SAMA) has been awarded the International Accreditation Certificate for Procurement Operations by the Chartered Institute of Procurement and Supply (CIPS), acknowledging its adherence to international standards. SAMA fulfilled 98 requirements across seven areas, including strategy, workforce capability, governance, and sustainability.
The Central Bank of Nicaragua reported a Q2 2025 current account surplus of USD 703.2 million and a financial account balance of USD 145.6 million. Goods exports and imports for the first half of 2025 were USD 3,987.9 million and USD 5,255.1 million, respectively, resulting in a trade deficit of USD 1,267.2 million. Gross foreign direct investment inflows reached USD 1,427.9 million in the first half, while reserve assets increased by USD 1,064.4 million, bringing gross international reserves to USD 7,206.0 million.
The European Securities and Markets Authority released its second report on administrative sanctions and measures by EU Member States in 2024, noting stable sanctions but increased fines over EUR 100 million. The Market Abuse Regulation and the Markets in Financial Instruments Directive saw the highest fines, with over 60% being administrative fines. ESMA plans to engage with national authorities to enhance consistent enforcement of capital markets rules across the EU.
Governor Ahmet Ismaili of the Central Bank of Kosovo attended a World Bank session at the IMF and World Bank Annual Meetings, focusing on productivity in Europe and Central Asia. Discussions highlighted Kosovo's potential productivity gains through technology adoption, digitalisation, and support for small and medium-sized enterprises. Ismaili emphasized addressing barriers like financing, skills, and infrastructure, and promoting digital skills and e-commerce.
Governor Ahmet Ismaili of the Central Bank of the Republic of Kosovo participated in signing a letter of intent for the TIPS Clone regional instant payments project with several Western Balkan central banks. Developed by the Bank of Italy with European Central Bank approval, the project aims to extend the Eurosystem's TARGET Instant Payment Settlement service to the region. This initiative supports Kosovo's strategic plan and prospective membership in the Single Euro Payments Area.
The Central Bank of Cyprus reported a slight improvement in asset quality metrics for the banking sector as of 31 July 2025, with the non-performing loans (NPLs) ratio decreasing to 5.5% from 5.6% in June. The coverage ratio of non-performing exposures (NPEs) with bad provisions rose to 62.2%. Restructured loans totaled EUR 1.2 billion, with EUR 0.6 billion still classified as NPEs.
The Financial Superintendence of Colombia ordered Maxtoppings S.A.S and Cracks Inversiones S.A.S to cease unauthorized public fund collection and return COP 2.317bn to investors. Led by Juan Martín Zapata Garzón and Stephan Eduardo Trujillo Velásquez, the companies enrolled at least 177 investors through misleading contracts. The case has been referred to the Superintendence of Companies for intervention and the Attorney General for criminal investigation.
The Kuwait Capital Markets Authority has referred a case to the Attorney General, alleging a violation of Article 127 of Law No. 7 of 2010 by a company formerly listed on Boursa Kuwait and two other parties. The referral concerns their failure to comply with a Disciplinary Board decision mandating a fine payment. Despite valid notifications in May 2025, the parties have not adhered to the decision.
The Kuwait Capital Markets Authority announced the expiration of Rasameel Investment Company's initial approval to be licensed as a securities broker not registered on the ASE, effective 15 October 2025. The application is now treated as non-existent due to the company's failure to submit required documents within the specified period, as per Article 1-7 of Module V of the Executive Bylaws to Law No. 7 of 2010.
The French Financial Markets Authority has updated its IPO doctrine to ease stock market listings, aligning with the European Prospectus Regulation. Key measures include optional retail tranches for IPOs on Euronext Paris, flexible pre-IPO communication, and relaxed price disclosure requirements. The changes aim to streamline processes and provide issuers with greater flexibility in prospectus formats and language options.
The Joint Committee of the European Supervisory Authorities, including the European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority, released its 2026 Work Programme. Key focuses are enhancing digital operational resilience, consumer protection, and financial stability risk identification. Initiatives include supporting the Oversight Framework for critical ICT providers, conducting joint risk analyses, and advancing financial education and consumer protection.
Mexico’s National Banking and Securities Commission (CNBV) reported the multiple banking sector's capital adequacy as of August 2025. The Capitalization Index was 20.31%, with a Basic Capital Ratio of 18.27% and a Core Capital Ratio of 16.96%.
The Australian Securities & Investments Commission announced the acquittal of former Statewide Super executives Kieran Francis Netting and Grant David Eastwood of dishonesty offences by a South Australian District Court jury. The charges, prosecuted by the Commonwealth Director of Public Prosecutions, stemmed from alleged contraventions of the Corporations Act related to service procurement between February and December 2019. Both executives were found not guilty after a trial that commenced on 8 September 2025.
The Australian Securities & Investments Commission (ASIC) announced that the Federal Court dismissed its claims against Keith Cohen, former director of Freedom Insurance Pty Ltd, and Robert Oayda, former consultant, regarding alleged breaches of conflicted remuneration laws. The Court found no breach of directors’ duties or prioritization of sales over customer needs. This case was the final ASIC action related to the Financial Services Royal Commission's investigations into Freedom Insurance.
ASIC warns of scammers impersonating its Moneysmart website to capture personal details and promote fraudulent investments. These fake sites mimic Moneysmart pages, using urgency cues and promises of high returns. ASIC advises consumers to verify they are on the official domain, moneysmart.gov.au, and report impersonation websites to Scamwatch.
The Australian Securities & Investments Commission (ASIC) announced the Federal Court ordered the winding up of the remaining ALAMMC Group companies due to concerns over investor funds and business viability. Receivers reported AUD 91.6 million raised from investors was misused, with funds intermingled and minimal project activity. Liquidators Andrew Fielding and Helen Newman of BDO will investigate further, while ASIC's criminal investigation into the ALAMMC businesses continues.
The Australian Securities & Investments Commission (ASIC) plans to review compliance in the managed accounts sector, focusing on governance, conflict management, and consumer outcomes for retail clients. This follows a 24% annual growth in managed accounts since 2019. ASIC's review will assess licensees and advisers on their adherence to obligations and conflict management, alongside ongoing enforcement actions and updates to Regulatory Guide 181.
South Africa's National Treasury and Reserve Bank released a G20 Finance Track statement on the 2025 G20 Presidency, focusing on Africa’s economic priorities. It endorses the G20 Finance Track Africa Engagement Framework for 2026–2030 to deepen cooperation. Priorities include fiscal challenges, governance, infrastructure, and private sector finance, with South Africa's support through 2030.
The Rwanda Capital Markets Authority highlighted increased market activity and investor confidence at the AFSIC – Investing in Africa 2025 summit, noting higher turnover and broader asset class participation. In 2025, corporate bonds raised RWF 46 billion, and Treasury-bond auctions mobilized RWF 246 billion with a 293% subscription rate. Secondary market activity surged, with equity turnover rising to RWF 63.5 billion and bond market turnover increasing by 167% year-on-year, supported by regulatory reforms and investor education.
The Tanzania Insurance Regulatory Authority (TIRA) inaugurated its new headquarters, TIRA Bima House, in Dodoma, aiming to enhance working conditions and oversight of the insurance sector. The event, attended by government and industry leaders, emphasized the importance of professional enforcement of the Insurance Act and innovation in insurance products. The new facility is expected to improve service delivery, transparency, and accountability.
The Ukraine National Commission on Securities and Stock Market plans to introduce Individual Investment Accounts to channel household savings into long-term capital market funding, offering tax benefits for investments held over five years. Accessible online through licensed investment firms and the Diia platform, a draft law is under discussion with the government. The initiative aims to facilitate retail participation in state-owned company shares and is seen as a step towards pension-market development.
The Saudi Arabia Capital Market Authority announced that StepStone Group Capital Company has fulfilled the requirements to commence managing investments, operating funds, and providing advisory activities under its securities business license granted by a CMA resolution on 17 April 2024.
The Dutch Authority for the Financial Markets (AFM) reminded investment firms to consider external conditions, like taxation, when determining target markets and distribution strategies. The AFM stressed the need for periodic reassessment and ad hoc reviews to ensure products meet target market objectives, noting the Box 3 tax regime's impact on returns. Firms are encouraged to use the AFM's 2024 guidance on scenario analyses for compliance investigations.
The Central Bank of Venezuela reported an 8.71% GDP growth in Q3 2025 compared to Q3 2024, marking 18 consecutive quarters of economic expansion. Oil-sector activity rose by 16.12%, while non-oil sectors saw a 6.12% increase, with notable growth in construction, transport, and manufacturing. The report emphasized the role of construction, manufacturing, mining, and agriculture in enhancing domestic linkages and value chains.
The Moroccan Insurance Authority (ACAPS) concluded its Emergence Program in Casablanca, releasing a report on innovation and digital transformation in the insurance sector. The program, involving insurers, intermediaries, insurtechs, and technology experts, developed use cases for modernizing product development, digitizing underwriting, and enhancing claims management systems. These initiatives aim to streamline customer journeys, simplify stakeholder exchanges, and improve transparency while ensuring compliance and policyholder protection.
Indonesia's Financial Services Authority (OJK) stressed governance and integrity in the financial sector at Garut University, highlighting fraud and corruption risks. OJK Audit Board Chair Sophia Wattimena discussed financial statement fraud and introduced the Three Lines Model for governance, emphasizing collaboration among industry, professional bodies, and regulators. The initiative aims to enhance governance literacy in academia to foster ethical talent in the industry.
The National Bank of Georgia reported that Governor Natia Turnava and Finance Minister Lasha Khutsishvili met with senior International Monetary Fund officials to discuss macroeconomic conditions and financial-sector developments. Discussions highlighted low inflation, robust economic growth, and sound financial-sector indicators, focusing on building and managing international reserves. The IMF expressed readiness to continue supporting Georgia through technical assistance and upcoming assessment missions.
The National Bank of Georgia reported on a meeting in Washington between Governor Natia Turnava, Finance Minister Lasha Khutsishvili, and IMF Executive Director Jeroen Clicq. Discussions focused on Georgia's economic conditions, global challenges, and the National Bank's monetary policy supporting resilience and growth. Continued cooperation and upcoming IMF assessment missions were also addressed.
The National Bank of Georgia's Governor Natia Turnava met with Visa representatives in Washington to discuss ongoing projects and explore further cooperation. Key topics included Visa's support for financial education initiatives and enhancements in operational security through Strong Customer Authentication.
The Insurance State Supervision Service of Georgia will host the Central, Eastern, and South-Eastern European Insurance Supervision Initiative regional meeting for the first time, gathering supervisors from 13 countries. The meeting aims to enhance cooperation, harmonize regulatory approaches, and address emerging challenges. Key topics include consumer protection, crisis management, supervisory practices, and insurance market liberalization.
The Securities and Exchange Commission of Pakistan (SECP) held a roundtable in Karachi to discuss policy and regulatory measures for enhancing Takaful's market share and Shariah-compliant financial inclusion under its 'Insured Pakistan' strategic plan. Led by SECP's Insurance Division, the session addressed barriers like limited re-Takaful capacity and the need for clearer guidelines for transitioning to Shariah-compliant insurance. Participants also explored innovation, industry capabilities, and alignment with international best practices.
The Joint Committee of the European Supervisory Authorities, including the European Banking Authority, published its 2026 Work Programme focusing on digital operational resilience, consumer protection, and financial stability risks. Key initiatives include supporting the Oversight Framework for third-party ICT providers, conducting joint risk analyses amid geopolitical tensions, and advancing financial education. The programme also addresses securitisation market monitoring, cross-sector cooperation, and reviewing the Sustainable Finance Disclosure Regulation.
The Bermuda Monetary Authority has released its responses to feedback on the Corporate Service Provider Business Rules 2025, detailing CSP reporting, consolidated submissions, and licensable activities. Financial reporting forms will be available on the Authority's website, with no new requirements beyond those in the consultation papers. Consolidated reporting is permitted for regulated groups, and the CSP licensing scope remains unchanged.
The Bank of Portugal's updated securities statistics for September 2025 show a EUR 5.4 billion net increase in debt securities issuance by resident entities and a EUR 1.1 billion rise in the market value of listed shares. Outstanding debt securities reached EUR 326.5 billion, driven by a EUR 6.5 billion increase in general government debt, while the financial sector saw a EUR 0.6 billion decline. The stock of listed shares issued by residents was EUR 72.4 billion, with valuation gains in non-financial corporations and the financial sector.
AUSTRAC announced plans for legislation allowing its CEO to restrict high-risk products and services to combat money laundering, focusing on crypto channels. Notably, 85% of prolific users were scam victims or money mules, with those aged 50–70 making up 72% of transaction value. Further details depend on parliamentary approval.
Portuguese Insurance Regulator (ASF) President Gabriel Bernardino emphasized the need for supervision and regulation to adapt to rapid digital changes in the insurance sector. Speaking at a conference, he highlighted the importance of identifying innovation, understanding its impacts, and adjusting the regulatory framework to enhance efficiency while ensuring consumer protection.
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) reported its enforcement activity for Q2 2025, initiating nine new administrative offence proceedings and concluding 11. Additionally, ASF issued one warning decision under a summary procedure.
The Australian Financial Complaints Authority published Edition 7 of its Systemic Issues Insights Report, identifying recurring weaknesses in complaint handling and system reliance, and securing AUD 3.4 million in financial remediation for over 342,000 consumers and small businesses in the second half of FY24-25.
Hong Kong's Financial Services and the Treasury Bureau held the fifth meeting of the Coordination Group on Implementation of Fintech Initiatives, focusing on digital asset ecosystem development, green fintech, and updates on the Hong Kong Monetary Authority's projects. The Bureau highlighted Hong Kong's top fintech ranking in the Global Financial Centres Index and its commitment to enhancing financial infrastructure and collaboration. The 10th edition of Hong Kong FinTech Week 2025 will take place from November 3 to 7, themed 'Curating the New Fintech Era'.
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, highlighted Greece's economic growth and projected debt reduction at a Washington roundtable. He noted a 60% increase in investments since 2019, driven by sectors like technology and energy, with significant US investments from companies such as Pfizer and Microsoft. Pierrakakis also discussed ongoing reforms and Greece's ambition to become a hub for clean energy and digital innovation.
Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, highlighted post-crisis reform progress and priorities at Semafor’s World Economic Summit, emphasizing investment attraction and further reforms. He expressed optimism about Euronext's proposal to acquire the Athens Stock Exchange, potentially making Greece the eighth exchange in the group. Pierrakakis advocated for deeper European integration, a unified banking system, and implementing the Savings and Investments Union to support start-ups and encourage mergers and acquisitions.
Sveriges Riksbank supports shifting countercyclical capital buffer rate responsibility to itself and advocates for a statutory loan-to-income limit. It endorses new legislation for amortisation requirements and loan-to-value limits, emphasizing flexibility in borrower-based measures. The Riksbank highlights the importance of data collection for timely risk communication and supports the Governor's voting membership in the European Systemic Risk Board's General Board.
APRA outlined its supervisory priorities for superannuation as the sector transitions to retirement, urging trustees to enhance retirement income strategies and improve operational resilience. With system assets at AUD 4.3 trillion, retirement-phase assets are projected to rise significantly. Concerns include inadequate tracking of strategy success and member-outcome frictions. Priorities focus on strengthening cyber controls and implementing CPS 230. Upcoming milestones include survey findings, a stress test, and consultations on life insurer capital requirements.
The Australian Prudential Regulation Authority (APRA) released its 2025 Points of Presence Statistics, noting a continued decline in physical banking channels, including branches, ATMs, and EFTPOS, though at a slower rate. From June 2024 to June 2025, bank branches decreased by 4.6% nationwide, with regional areas seeing a 1.9% decline, the smallest since the series began, partly due to a moratorium on regional closures. APRA stressed considering these statistics alongside rising digital banking and third-party ATM data, urging industry collaboration for better transparency.
Peru's Superintendency of Banking, Insurance and Private Pension Funds amended the General Regulation for Savings and Credit Cooperatives to introduce transitional provisions allowing temporary regulatory flexibilities for reorganisations. Available for up to three years, these may include adjustments to regulatory capital calculations and limits, contingent on a compliance timetable. The Superintendency will specify relaxed provisions and reporting requirements, with non-compliance potentially leading to supervisory actions.
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent websites, fake internet banking login screens, and phishing emails reported by several banks. The alert emphasizes that banks will not send SMS or emails with hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
The Financial Action Task Force of Latin America (GAFILAT) is opening its CAMPUS GAFILAT platform to the public, offering free, self-paced online courses to commemorate the International Day of Prevention against Money Laundering. The courses cover regional money laundering threats, virtual assets, and the 40 Financial Action Task Force Recommendations. These e-learning modules are available to stakeholders in GAFILAT member countries, the FATF Global Network, and the general public.
The International Association of Insurance Supervisors has released a French-language version of the latest Insurance Core Principles, enhancing accessibility for francophone members. This unofficial translation, produced by the Group of French-speaking Insurance Supervisors, includes recent changes adopted at the IAIS Annual General Meeting in December 2024.
The Agency for Regulation and Development of the Financial Market of Kazakhstan reviewed the MFO sector for H1 2025, noting balance-sheet and lending growth, a shift to digital channels, and increased fraud risks. Supervisory tightening led to six licences suspended and 13 revoked. From 2026, mandatory risk management requirements will include borrower scoring and internal limits.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Tumar Sailauovna Zhaisanova as a senior officer at JSC “Subsidiary organization of Kazakhstan Halyk Bank ‘Halyk Finance’” and Islambek Serikbayuly Ali as a member of the executive body of JSC “Eurasian Capital.”
The Oklahoma City Branch of the Federal Reserve Bank of Kansas City published an analysis in the Oklahoma Economist highlighting Oklahoma's trade vulnerabilities due to sector-specific dependencies. While the state's overall international trade is limited, key sectors like aerospace exports and oil imports from Canada expose it to potential disruptions. The report warns that these disruptions could impact manufacturing employment, particularly in trade-reliant industries.
Qatar Central Bank Governor Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Citigroup Chairman John Dugan and Euroclear Group Chairman Francesco Vanni d’Archiraf during the International Monetary Fund and World Bank Group 2025 Annual Meetings to discuss recent global banking and finance developments.
Thailand’s Office of Insurance Commission is drafting principles for group-wide supervision of insurance groups at the Full Consolidation level, aiming for enforceable requirements by Q2 2026. The framework will distinguish between Solo and Full Consolidation supervision, coordinating oversight with foreign entities and Thai authorities. Key areas include group financial position, ownership structure, intra-group transactions, and governance.
YOUPLUS Assurance AG will stop writing new business from 13 October 2025, with existing contracts to be run off or transferred. The Liechtenstein Financial Market Authority is overseeing the process in coordination with relevant supervisory authorities to ensure compliance and protect policyholders.
The Central Bank of Bosnia and Herzegovina (CBBH) signed a Letter of Intent with the Bank of Italy for the TIPS Clone Project to modernize its payment system and connect to Europe's instant payment infrastructure. In cooperation with the European Central Bank and the European System of Central Banks, the project will implement an instant payment system based on the TARGET Instant Payment Settlement (TIPS) platform. This initiative aims to establish a national platform interoperable with TIPS, enhancing payment efficiency and potentially integrating into the Single Euro Payments Area.
The National Bank of the Republic of Tajikistan engaged in discussions during the IMF and World Bank Group annual meetings, focusing on IMF policy coordination and financial-sector development. Key topics included monetary policy reforms, financial inclusion, green economy cooperation, and support for SMEs, particularly women entrepreneurs. Meetings also addressed long-term financing, banking supervision, and digital service expansion.
The National Bank of the Republic of Tajikistan completed its credit auction for issue MF254228, allocating the full TJS 20 million at an annual interest rate of 7.92%. Total bids matched the offered amount, with a weighted average rate of 7.92% per annum.
The National Bank of the Republic of Tajikistan reported a meeting between Tajikistan’s First Deputy Prime Minister and the World Bank’s Vice President for Europe and Central Asia, discussing macroeconomic conditions and financial stability. Key topics included economic reform priorities, energy sector development, and the Rogun hydropower plant project. Tajikistan aims to deepen cooperation under the World Bank’s 2026–2031 strategy, focusing on renewable energy, human capital, and infrastructure, with the World Bank ready to support regional initiatives.
The Brazilian Pension Funds Authority (PREVIC) reported that its Busca-Normas platform, a regulatory acts repository for the closed pension fund sector, logged over 28,000 searches in its first year since launching in October 2024. The database includes 1,125 instruments and has been used extensively, with PREVIC Resolution 23/2023 being the most accessed. The platform also aggregates norms from bodies like the Ministry of Social Security and the National Monetary Council.
The Superintendence of Banks of the Dominican Republic released its 2025 Digitalisation Ranking, highlighting mobile apps as the most-used banking alternative with 77% usage, surpassing ATMs at 73%. The report notes significant digital adoption, with 1.5 million financial products acquired digitally, and 67% of institutions implementing multi-factor authentication and biometric technologies. The ranking evaluates core digital functionalities and user experiences based on a 100-point methodology.
The South African Reserve Bank released the chair’s summary of the fourth G20 Finance Ministers and Central Bank Governors meeting, highlighting alignment on the 2025-2030 Africa Engagement Framework, international financial architecture, and debt sustainability. Discussions included support for the Common Framework for Debt Treatments, Basel III implementation, and FSB recommendations on non-bank leverage and crypto-asset regulation. The meeting endorsed sustainable finance initiatives and infrastructure projects, with future steps outlined for cross-border payments and the Joint Finance-Health Task Force.
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation and blocking of six websites engaged in unauthorized insurance intermediation in Italy. This action is part of IVASS's ongoing efforts, which have resulted in 294 sites being blocked since November 2023. IVASS advises consumers to verify the legitimacy of insurance offers, especially short-term motor third-party liability policies, by consulting its registers.
South Korea's Financial Supervisory Service reported a KRW 1.1 trillion increase in household loans for September 2025, a significant slowdown from previous months. Mortgage loans rose by KRW 3.6 trillion, while other household loans decreased by KRW 2.4 trillion. The slowdown is attributed to tightened housing loan regulations, with further measures introduced in October and ongoing compliance inspections planned.
The South Korea Financial Supervisory Service reported foreign investors made net purchases of KRW 6.068 trillion in listed stocks and KRW 791 billion in bonds in September 2025. Cumulative foreign holdings reached KRW 1,014.6 trillion in stocks and KRW 308.3 trillion in bonds, with significant stock buying from Europe and notable bond purchases in Korean Treasury Bonds. Net bond purchases were concentrated in maturities of 1–5 years and over 5 years, while there was net selling in bonds under 1 year.
The Monetary Authority of Singapore has launched BLOOM to enhance settlement capabilities using tokenised bank liabilities and regulated stablecoins, building on Project Orchid's digital Singapore dollar work. BLOOM targets multi-currency, domestic, and cross-border wholesale payment and settlement use cases, involving participants like Circle, DBS, and Coinbase. MAS seeks further collaboration with banks, financial institutions, and regulatory bodies for trials and development.
Rwanda's Ministry of Finance launched the Financial Sector Development Strategy 2025–2030 to boost the financial sector's role in economic transformation under Vision 2050 and the National Strategy for Transformation. The strategy aims to double the national savings rate to 25.9% of GDP by 2029, improve financial inclusion, and channel over 70% of private sector financing through the domestic financial system. It emphasizes digital technologies, regulatory frameworks, and public-private partnerships to support Rwanda's development as a regional financial hub.
The European Council released a letter from Eurogroup President Paschal Donohoe to Euro Summit President António Costa, summarizing the Eurogroup's recent work and outlining priorities for the upcoming Euro Summit. Key areas include resilient public finances, defence and security funding, the digital euro, the euro's international role, and Capital Markets Union progress. The report underscores Europe's economic resilience and Bulgaria's euro area enlargement as evidence of the euro's stability.
The Uganda Capital Markets Authority and Uganda Securities Exchange hosted the East Africa Capital Markets Conference 2025, focusing on digital transformation and sustainable finance. The event launched the East African Exchanges 20 Share Index and highlighted initiatives like a regulatory sandbox and the Deal Flow Facility, facilitating potential deals over USD 30 million. The Uganda Securities Exchange also introduced the USE Easy portal and digital account opening, aligning with national growth priorities.
The Vietnam State Securities Commission has mandated individuals listed in an attached notice to pay a VND 1,000,000 fee for 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 complete the procedure within one year will result in certificate cancellation.
The Vietnam State Securities Commission (SSC), with the Japan International Cooperation Agency (JICA), held a conference in Ho Chi Minh City to discuss amendments to the Securities Law and implementing regulations. Key topics included changes in Law No. 56/2024/QH15, Government Decree No. 245/2025/ND-CP, and Ministry of Finance Circular No. 19/2025/TT-BTC, focusing on public company registration and IPO procedures. This event is part of a broader SSC outreach programme across Vietnam to enhance securities market effectiveness.
The Guernsey Financial Services Commission announced an amendment to the UK sanctions list entry for German Valentinovich Belous, who remains subject to an asset freeze under The Russia (Sanctions) (EU Exit) Regulations 2019. Businesses must ensure accounts or relationships with the designated person are frozen and report findings to the States of Guernsey Policy & Resources Committee, complying with the Sanctions (Bailiwick of Guernsey) Law, 2018.
The Guernsey Financial Services Commission announced that updates to the Office of Financial Sanctions Implementation’s Consolidated List of Asset Freeze Targets will cease on 28 January 2026. Businesses must transition to the UK Sanctions List from the Foreign, Commonwealth and Development Office, updating compliance systems accordingly. A UK Sanctions List search tool is available on GOV.UK, with enhancements like fuzzy logic searching anticipated.