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2025-10-16•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released its Financial Stability Review for H1 2025, highlighting resilient financial institutions with strong capital positions and liquidity buffers, despite global volatility. The ringgit appreciated 6.1% against the USD, and household debt-to-GDP rose to 84.8%, while fraud risks shifted towards authorised scams. BNM plans to enhance oversight of cross-border payment arrangements amid expanding QR payment connectivity.
SupervisionRisk monitoring & watch points
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2025-10-16•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia (BNM) announced the transition from the Kuala Lumpur Interbank Offered Rate (KLIBOR) to the Malaysia Overnight Rate (MYOR) and Malaysia Islamic Overnight Rate (MYOR-i), with KLIBOR ceasing on 1 January 2029. A roadmap outlines milestones for firms to offer MYOR and MYOR-i products by 1 October 2026 and cease new KLIBOR trades by 1 July 2027. The transition will be coordinated with the Financial Markets Committee and includes a Transition Coordination Subcommittee.
Policy & regulationImplementation, projects & pilotsFinancial benchmarks
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2025-10-16•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan hosted an event in Baku to discuss the "Special regulatory regime," emphasizing its role in fintech adoption and digital banking ecosystem development. Linked to the 2024–2026 Financial Sector Development Strategy, the regime supports digital financial solutions and innovation. The event included international insights, firm experiences, and workshops for developing innovative product concepts.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2025-10-16•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay held its ninth Economic and Financial Education Fair in Caacupé, the first time the event has been staged outside Asunción. The program used five interactive stations to teach secondary students about the central bank, payments, saving, personal finance decisions and basic insurance concepts.
Financial literacy & educationFinancial literacy and education
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2025-10-16•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation announced Shanghai Electronic Certification Authority Co., Ltd. as the latest Qualified vLEI Issuer, enabling it to issue verifiable Legal Entity Identifiers to enhance digital trade security and transparency.
SupervisionAuthorisations & approvalsRegtech and suptech
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2025-10-16•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against Microdot Lending Corporation and its platforms for alleged unfair debt collection and non-disclosure. The order affects platforms like MF Cash and Credit Cash, citing breaches of SEC Memorandum Circular No. 19, Series of 2019, and violations of Republic Act No. 11765 and Republic Act No. 9474. The SEC highlighted multiple complaints and continued noncompliance.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protection
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2025-10-16•Global•IOSCO
IOSCO's report evaluates the implementation of its 2023 Policy Recommendations for Crypto and Digital Asset Markets across 20 jurisdictions. It finds regulatory progress but highlights persistent risks to investor protection and market integrity, with uneven implementation and limited cross-border cooperation. IOSCO calls for enhanced monitoring, consistent implementation, and improved information sharing to address regulatory arbitrage and strengthen enforcement.
Policy & regulationPeer reviews and country evaluationsRegtech and suptechSupervision process and methodologies
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2025-10-16•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Chair, Melis Turgunbaev, met with Swiss National Bank Chair, Martin Schlegel, to discuss macroeconomic policy coordination and monetary policy issues. They assessed economic conditions, global financial market prospects, and central banks' management of international reserves. Both emphasized cooperation within the IMF Swiss constituency and agreed to deepen bilateral cooperation through expert exchanges and joint events.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic and the Central Bank of Bahrain discussed developing Islamic banking in Kyrgyzstan and expanding cooperation during the IMF and World Bank Group Annual Meetings. The Kyrgyz side emphasized establishing a robust framework for Islamic banking and introducing sharia-compliant monetary policy instruments. Both parties agreed to enhance cooperation through expert exchanges and capacity-building initiatives.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Poland•Central Bank of Poland
The Central Bank of Poland's September 2025 core inflation indicators show CPI inflation at 2.9% y/y and core inflation excluding food and energy at 3.2% y/y, both unchanged. Inflation excluding administered prices remained at 2.5% y/y, while inflation excluding volatile prices eased to 3.7% y/y, and the 15% trimmed mean fell to 2.9% y/y. The bank emphasized its four core indices' importance for analyzing inflation sources and persistence, highlighting the ex-food-and-energy measure's responsiveness to monetary policy.
Data & statisticsEconomic data and developments
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2025-10-16•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority issued LIAF02/25, finalizing minor amendments to the PRA Rulebook, including changes from LIAC01/25 and technical updates made without further consultation. Key updates involve the definition of "parent undertaking" in the Solvency II Firms Sector and the Internal Capital Adequacy Assessment Part. Additional amendments include a typographical correction in the External Audit Part and an updated cross-reference in the Securitisation Part.
Policy & regulationRules & requirementsPrudential risksRegulatory burden
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2025-10-16•Russia•Central Bank of Russia
The Central Bank of Russia reported a 29% increase in business microloans by microfinance organisations (MFOs) in H1 2025, driven by lending to marketplace sellers. Marketplace sellers accounted for 44% of these loans, which are typically short-term and quickly repaid. The report highlights a planned increase in the maximum business microloan amount from RUB 5 million to RUB 15 million, with 70% of the portfolio secured by collateral.
Data & statistics
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2025-10-16•Global•ISDA
Research by ISDA and Crisil Coalition Greenwich shows Japanese asset managers see derivatives as crucial for investment strategies and Japan's goal to become a global asset management hub, despite market and policy frictions. Constraints include uneven liquidity, low electronic execution, regulatory issues, and a lack of local expertise, with the Japanese Financial Services Agency implementing initiatives to enhance Japan's asset management sector.
ResearchMarket development
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2025-10-16•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren questioned Treasury Secretary Scott Bessent about the Trump Administration's plan to facilitate an additional USD 20 billion in private investment in Argentina after a USD 20 billion currency swap with its Central Bank. Warren expressed concerns that the swap would benefit major fund managers and wealthy investors over American farmers and taxpayers, and raised issues about potential impacts on U.S. financial stability amid a government shutdown.
Other
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2025-10-16•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC imposed a CAD 601,139.80 penalty on First Nations Bank of Canada for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included failure to submit suspicious transaction reports, inadequate compliance policies, and insufficient risk assessment and monitoring. FINTRAC noted issuing 23 violation notices totaling over CAD 25 million in 2024–25.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-10-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advised Stella X Public Company Limited (STELLA) shareholders to scrutinize disclosures and vote on acquiring a 3.25% stake in Wind Energy Holding Co., Ltd. (WEH) using newly issued shares. The transaction, involving related parties, would dilute voting rights by 32.48%, with the independent financial advisor recommending against approval due to the private placement price being below fair value. STELLA's Board and Audit Committee acknowledged the price discrepancy but deemed the transaction reasonable under current circumstances.
SupervisionAlertsCorporate governance
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2025-10-16•Malta•Central Bank of Malta
The Central Bank of Malta's latest business dialogue reveals improved but uneven business conditions across sectors in Q3 2025, with a net 27% of firms reporting expansion. Service-oriented firms led growth, while construction and real estate faced negative conditions. Despite reduced cost pressures, two-thirds of firms reported increases, and investment intentions rose, driven by capital expenditure and employment plans.
Data & statisticsEconomic data and developments
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2025-10-16•Europe•European Banking Federation
The C-ESG Risk Roundtable's seventh report on climate and environmental credit risk data and modelling outlines a roadmap to enhance banks' integration of these risks into credit frameworks. It includes seven findings and recommendations on data gathering and modelling impacts for provisioning and capital, based on a survey of EU banks. Developed with input from BNP Paribas, Rabobank, and 14 European banks, it aims to support consistent assessment of C&E-related credit risks across Europe.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2025-10-16•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation has designated the Shanghai Electronic Certification Authority Co., Ltd. as a Qualified vLEI Issuer, facilitating the use of verifiable Legal Entity Identifiers for trade digitalization in applications like e-invoices and e-bills of lading.
Policy & regulationImplementation, projects & pilotsRegtech and suptech
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2025-10-16•Canada•Department of Finance (Canada)
Finance Minister François-Philippe Champagne engaged with G7 and G20 finance ministers and central bank governors in Washington, D.C., focusing on Ukraine support, global growth challenges, and financial crime. Canada announced 12 million CAD to the World Bank Group for a Crisis Resilience Forum and 2 million CAD for debt transparency. Champagne co-chaired the G7 meeting, inviting Ukraine's Prime Minister to discuss Ukraine's needs, and participated in discussions on global imbalances, critical minerals, and inter-G7 trade.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation has designated Shanghai Electronic Certification Authority Co., Ltd. as a Qualified vLEI Issuer, enhancing the verifiable Legal Entity Identifier ecosystem to support trade digitalization and improve security, trust, and transparency in applications like e-invoices and e-bills of lading.
Policy & regulationImplementation, projects & pilotsRegtech and suptech
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2025-10-16•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) issued a supervision release urging entities to comply with the European Union's reimposed sanctions against Iran, including asset-freeze obligations. The EU reinstated these sanctions following a United Nations Security Council decision, targeting Iran's financial sector and the Central Bank of Iran. Entities are reminded to update their sanctions-screening lists to reflect these changes.
SupervisionAlertsSanctions list update
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2025-10-16•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency have rescinded the Principles for Climate-Related Financial Risk Management for institutions with over USD 100 billion in assets. They deemed these principles unnecessary, as existing standards already require comprehensive risk management, and noted that dedicated climate-related principles could detract from managing other risks.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-10-16•Chile•Central Bank of Chile
The Central Bank of Chile is consulting on a proposed regulatory framework to enhance liquidity management by central counterparty entities (ECCs). The draft encourages ECC participants to meet guarantee obligations via cash deposits in the ECC’s Additional Settlement Account at the central bank, allowing remuneration on eligible cash balances. The framework aims to ensure financial neutrality of cash held at the central bank and improve fund mobilisation speed under stress.
Policy & regulationRules & requirementsLiquidity riskCCPs
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2025-10-16•United States•Federal Reserve Board
The Federal Reserve Board has approved HPB Holdings, Inc.'s application to acquire Community Bank of Alva, Oklahoma.
SupervisionAuthorisations & approvalsLicence approval
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2025-10-16•United States•Federal Reserve Board
The Federal Reserve Board, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency have withdrawn the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The agencies concluded that existing safety and soundness standards sufficiently address risk management needs, including emerging risks. A notice of rescission will be published in the Federal Register.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-10-16•United States•Federal Reserve Board
Federal Reserve Board Governor Michael S. Barr, at the 2025 D.C. Fintech Week, stressed the need for strong supervisory and consumer protection under the GENIUS Act to leverage emerging payment technologies like stablecoins. He highlighted challenges like anti-money-laundering, financial stability risks, regulatory gaps, and suggested tokenized deposits as an alternative within the bank regulatory framework.
Policy & regulationGuidance & interpretationCross-border paymentsStablecoins
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2025-10-16•United States•Federal Reserve Board
The Federal Reserve Board, via Vice Chair for Supervision Michelle W. Bowman, announced plans to seek public comment on reforms to its stress testing program, focusing on transparency. The proposal will detail supervisory models and seek feedback on changes for the 2026 stress test, including adjustments to revenue projections, credit loss models, and scenario design. The Board aims to incorporate public input on these changes before finalizing them.
Policy & regulationRules & requirementsStress testing
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2025-10-16•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority and the Egyptian Exchange joined World Investor Week 2025, focusing on investor protection via financial education and transparency. The FRA promoted tools like the iInvest platform and the "FRA Podcast – Know to Benefit," while EGX detailed educational initiatives with universities and youth programs. EGX plans a professional podcast series and educational content for pre-university students, plus a promotional event on listing benefits.
Financial literacy & educationFinancial literacy and educationConsumer and investor protection
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2025-10-16•Moldova•National Commission for Financial Markets
The National Commission for Financial Markets announced the approval of the "Moldova International Stock Exchange" JSC by the Government of the Republic of Moldova to enhance capital market development. The exchange will have an initial share capital of MDL 30 million, with a 20% state stake, and plans to launch next summer with technology modeled on the Bucharest Stock Exchange. This initiative is part of Moldova’s Capital Market Development Strategy 2025–2030.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-10-16•Zimbabwe•Securities & Exchange Commission of Zimbabwe
The Securities & Exchange Commission of Zimbabwe announced leadership changes, appointing William Biggie Manhimanzi as Vice Chairman and Acting Chairman of the Board, and Grace Berejena as Acting Chief Executive Officer from November 1, 2025. Anymore Taruvinga will resign as CEO effective October 31, 2025. Manhimanzi and Berejena bring extensive experience from the Reserve Bank of Zimbabwe and the Commission, respectively.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-16•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority has launched a 60-day public consultation on a proposed Capital Rule for B.C. credit unions, part of its Capital Modernization Project. The proposal aims to align the provincial capital framework with international standards, enhancing the quality and quantity of regulatory capital to better reflect underlying risks.
Policy & regulationRules & requirementsCapital adequacy
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2025-10-16•Norway•Norwegian Finanstilsynet
Norwegian Finanstilsynet reported a 0.8% increase in ongoing debt collection cases and a 15.3% rise in amounts collected in the first half of 2025 compared to the previous year. The total claims under collection remained stable at NOK 129.3 billion in nominal terms but decreased by 2.8% when adjusted for inflation.
Data & statisticsSupervisory data
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2025-10-16•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority (Finanstilsynet) warned about crypto-assets, citing high volatility, misleading information, and limited consumer protection. It advises caution with providers outside the EU or not covered by the Markets in Crypto-Assets Regulation (MiCA) and highlights risks like price swings, liquidity issues, and fraud. Investors should verify provider authorisation and consult Finanstilsynet's list of unauthorised providers.
SupervisionAlertsConsumer and investor protectionUnlicensed or unauthorized activity
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2025-10-16•Norway•Norwegian Finanstilsynet
Norwegian Finanstilsynet's ICT inspection of Askim & Spydeberg Sparebank found no material governance deficiencies but identified weaknesses in risk management and ICT routines, including security patching and supplier oversight. The report highlights insufficient follow-up on governance documents and expects improvements in operational controls and change management. The bank must submit board meeting minutes and share the inspection report with its auditor.
SupervisionReviews, inspections & stress testsIT managementOperational risk and resilience
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2025-10-16•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance and the National Commission for Financial Markets conducted training for financial institutions on Law No. 189/2025, which mandates transparency in lending, clear cost communication, and enhanced consumer safeguards, expanding oversight to savings and loan associations and debt collection companies. The Ministry will continue collaborating with partners to ensure consistent regulation application.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-10-16•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) released its 2025 Points of Presence Statistics for authorised deposit-taking institutions, noting a continued decline in physical banking service channels, with a 4.6% drop in bank branches nationwide and a 1.9% decrease in regional areas, the latter being the smallest since the series began. APRA emphasized considering these statistics alongside the rise in digital banking and urged industry collaboration to enhance transparency.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-10-16•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) outlined its supervisory priorities for superannuation as the industry transitions to the retirement phase, emphasizing faster progress on Retirement Income Covenant obligations, enhanced operational resilience and cyber controls, and improved transparency on retirement outcomes. APRA highlighted gaps in trustees' retirement income strategies, stressed robust information security controls, and announced upcoming consultations and reports, including a system stress test and annuity capital reforms.
SupervisionSupervision approach, priorities & toolkitOther
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2025-10-16•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation have withdrawn the interagency Principles for Climate-Related Financial Risk Management for Large Financial Institutions, effective immediately. The regulators stated that existing safety and soundness standards suffice for managing risks, including emerging ones. A notice of rescission will be published in the Federal Register.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-10-16•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency released its October 2025 enforcement actions, including a formal agreement with First National Bank of Pasco for unsafe practices and BSA/AML violations. Terminated agreements include those with B2 Bank National Association, California International Bank, and The National Iron Bank, addressing compliance and management issues. No enforcement actions were reported against institution-affiliated parties for the month.
EnforcementInvestigations & enforcement actionsAML and CFTCorporate governance
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2025-10-16•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chair Wu Qing and UK Ambassador to China Peter Wilson discussed the international macroeconomic and financial situation in Beijing. They also explored ways to enhance practical cooperation between China and the UK in capital markets.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Global•Financial Stability Board
The Financial Stability Board (FSB) released a peer review highlighting incomplete implementation of its 2023 global regulatory framework for crypto-asset activities, with gaps in stablecoin regulation posing financial stability risks. The review notes limited alignment with FSB recommendations and ongoing jurisdictional updates, especially concerning stablecoin arrangements and crypto-asset service providers. The International Organization of Securities Commissions (IOSCO) also published a complementary review, with a joint note summarizing both reports' findings.
Policy & regulationPeer reviews and country evaluationsStablecoinsSupervision process and methodologies
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2025-10-16•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde hosted the 19th Human Resources Meeting of Central Banks of Portuguese-Speaking Countries, Timor-Leste, and Macau, focusing on sharing best practices and discussing people management issues. The event aimed to strengthen institutional ties and enhance human capital development within the lusophone central banking community.
Institutional developmentCooperation & capacity buildingDomestic cooperation
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2025-10-16•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde, in partnership with the World Bank, conducted a workshop on proposed changes to the legal framework for payment services, aiming to modernize regulations and incorporate Open Banking. The initiative seeks market input through a public consultation, addressing non-bank treatment and exemption regimes for payment service providers. The consultation involves amendments to Legislative Decrees No. 8/2018 and No. 9/2018.
Policy & regulationRules & requirementsOpen banking and finance
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2025-10-16•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde held meetings with the West African Monetary Agency (WAMA) delegation, led by Director-General Boima Kamara, to discuss regional monetary integration within the Economic Community of West African States (ECOWAS) and the introduction of the ECO currency in 2027. Discussions included compliance with ECOWAS convergence criteria and Cape Verde's role in the monetary integration process.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Dominican Republic•Pensions Superintendency (SIPEN)
The Pensions Superintendency (SIPEN) initiated a training cycle at General de Seguros to support Dominican firms in the pensions sector and promote the "Here We Know About Pensions" seal. The programme, led by SIPEN's Director of Education and Pension Services and the Head of User Service, covered the individual capitalization system and the Social Security Law, reaching over 100 employees.
Financial literacy & educationCapacity building
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2025-10-16•South Korea•Bank of Korea
The Bank of Korea released its "Financial Market Trends in September 2025" update, including detailed statistics in the accompanying attachments.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-10-16•South Korea•Bank of Korea
The Bank of Korea released preliminary flow of funds data for Q2 2025, showing net lending for the total economy at KRW 41.5 trillion, a decrease of KRW 18.5 trillion from the previous quarter.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-10-16•Isle of Man•The Treasury (Isle of Man)
The Treasury of the Isle of Man amended a UK Sanctions List entry under the Russia sanctions regime, affecting German Valentinovich Belous (Ref RUS0846), who remains designated with an asset freeze and trust services sanctions. Belous is now classified as an "involved person" due to his role in the Russian financial services sector, replacing previous links to Novikombank and Russian Helicopters. Institutions must freeze assets immediately upon suspecting a match and report to the Financial Intelligence Unit.
Policy & regulationRules & requirementsSanctions list update
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2025-10-16•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury announced amendments to two entries on the UK Sanctions List under the Russia sanctions regime, affecting Igor Yurievch Karasev and JSC Scientific Research Institute Soliton. Both remain designated with asset freezes and trust services sanctions. Institutions must freeze relevant assets, avoid transactions without exemptions, and report to the Financial Intelligence Unit.
Policy & regulationRules & requirementsSanctions list update
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2025-10-16•Cayman Islands•Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority has closed its Non-Compliant Directors’ Amnesty Scheme as of 15 October 2025. Payments made after this date will not receive amnesty benefits and will incur full annual fees and penalties under the Directors Registration and Licensing Act, 2014. Directors with outstanding balances remain non-compliant and risk enforcement action until all dues are settled.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-16•Europe•European Insurance and Occupational Pensions Authority
The Joint Committee of the European Supervisory Authorities has released its 2026 Work Programme, emphasizing cross-sector supervisory cooperation. Key priorities include enhancing digital operational resilience, consumer protection, and risk identification affecting financial stability. The programme also focuses on the Oversight Framework for critical ICT providers, financial education, and monitoring securitisation market developments.
Policy & regulationCooperationOperational risk and resilienceConsumer and investor protection
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2025-10-16•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority has released updated technical documentation for deriving its risk-free interest rate term structures. Revisions are influenced by the 2025 Deep, Liquid and Transparent Assessment and Bulgaria's euro adoption from January 2026. Changes take effect from January 2026.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2025-10-16•Moldova•National Bank of Moldova
The National Bank of Moldova discussed structural reforms, macroeconomic outlook, and financial stability with Alfred Kammer of the IMF during the World Bank Group and IMF Annual Meetings. Governor Anca Dragu emphasized disinflation, economic recovery, and reform priorities in financial stability and payments infrastructure. Kammer acknowledged Moldova’s SEPA accession and the completion of IMF and World Bank Financial Sector Assessment Program evaluations.
Policy & regulationCooperationSupervision process and methodologies
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2025-10-16•Moldova•National Bank of Moldova
National Bank of Moldova's Governor Anca Dragu and Deputy Governor Tatiana Ivanicichina attended an informal meeting of central bank leaders on new forms of money and digital payments. The meeting emphasized the need for coherent regulation and international cooperation to address challenges like cross-border transactions and financial stability. Dragu highlighted Moldova's support for innovation with clear rules and robust supervision for a safe, competitive digital market.
Policy & regulationCooperationFintech and insurtechMonetary policy decisions and developments
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2025-10-16•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu addressed the Hudson Institute on Moldova's economic transformation, emphasizing financial integration with Europe and EU accession. Priorities include digital payment transformation via the MIA Instant Payments system and SEPA accession, capital-market development aligned with EU standards, and promoting green finance and financial inclusion. Dragu reaffirmed the bank's role in coordinating EU accession preparations, highlighting banking reforms and payments digitalization.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2025-10-16•Moldova•National Bank of Moldova
The National Bank of Moldova and the International Monetary Fund discussed structural reforms, financial stability, and continued cooperation in Washington. They noted the successful completion of Financial Sector Assessment Program missions and Moldova's accession to the Single Euro Payments Area as a regulatory milestone. Further cooperation will focus on developing the macroprudential framework, monetary policy transparency, and modernizing payment infrastructure.
Policy & regulationCooperationCross-border cooperation
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2025-10-16•Moldova•National Bank of Moldova
Governor Anca Dragu of the National Bank of Moldova met with IMF Deputy Managing Director Kenji Okamura to discuss economic outlooks and financial stability. The meeting emphasized cooperation with the IMF to enhance the macroprudential framework and highlighted Moldova's participation in the Single Euro Payments Area. Recent initiatives include maintaining a well-capitalized banking sector, improving central bank governance, and modernizing payments infrastructure.
Policy & regulationCooperationFinancial stability and systemic riskMacroprudential policy and tools
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2025-10-16•Moldova•National Bank of Moldova
The National Bank of Moldova's Q2 2025 financial stability assessment shows banking sector resilience, with a financial stress index of 0.38 and a vulnerability indicator of -0.46, both below critical thresholds. Direct contagion risk is low, with increased exposure to non-bank financial institutions and stable corporate lending standards. New mortgage and consumer lending rose significantly year on year, while household non-performing loans increased to 3.1%, primarily due to regulatory reclassifications.
ResearchCredit riskLiquidity riskFinancial stability and systemic risk
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2025-10-16•Moldova•National Bank of Moldova
Governor Anca Dragu of the National Bank of Moldova attended the IMF-World Bank Annual Meetings, emphasizing Moldova's commitment to economic reforms after voting for European integration. Discussions covered global economic trends, inflation challenges, support for Ukraine, financial support priorities, and sustainable investment. The meeting highlighted central banks' roles in financial stability and policy adaptation to regional and global changes.
Policy & regulationCooperationMonetary policy decisions and developments
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2025-10-16•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its October 2025 schedule for Bahamas Registered Stock (BRS) secondary market prices, detailing bid and ask quotes and yields for securities as of 15 October 2025. The schedule includes ISIN-level data on issue and maturity dates, nominal values, annual coupon rates, and yields for fixed-rate and floating-rate BRS, with maturities from 31 October 2025 to 22 October 2054. Floating-rate securities have six-month coupon resets at the prevailing market rate.
Data & statisticsFinancial and market indicators
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2025-10-15•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DEP-477 regarding COP 50,000 banknotes.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-10-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has resolved to delist Arabi Group Holding Company from Boursa Kuwait unless it addresses the causes of its trading suspension by 16 November 2025. The company must submit its financial statements, resolve auditor reservations on inventory and receivables, and provide weekly updates to the CMA.
SupervisionInterventionsSecurities offerings and listings
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2025-10-15•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has been notified of a private bond offering by ETU ENERGIAS, S.A., intermediated by ÁUREA – Sociedade Distribuidora de Valores Mobiliários, S.A., totaling AOA 73 billion. The Commission stated that the transaction does not require prior regulatory approval and does not guarantee the information's sufficiency or accuracy.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-15•Italy•Bank of Italy
The Bank of Italy's Governor Fabio Panetta signed a letter of intent with central banks in the Western Balkans, integrating North Macedonia into the TIPS Clone initiative. This project aims to develop an instant payment platform based on the TARGET Instant Payment Settlement infrastructure for five Balkan countries, expected to be operational by July 2026.
Policy & regulationCooperationCross-border payments
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2025-10-15•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority and eMPF Platform Company Limited launched mobile service vehicles to assist employees with eMPF platform registration during its final onboarding phase. The vehicles will provide on-site support across Hong Kong's 18 districts, complementing existing service centres and kiosks. The fleet will expand to 10 vehicles and visit workplaces of Industry Scheme members in early 2026.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-15•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia released the "First report of the Digital Boliviano," evaluating the feasibility of a central bank digital currency (CBDC). The report examines Bolivia's payment system, financial inclusion, and potential CBDC benefits and risks. It aims to initiate dialogue with various stakeholders to further analyze and discuss potential implementation.
Policy & regulationImplementation, projects & pilotsCBDC
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2025-10-15•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission marked 10 years of Angola's Eurobond issuance, underscoring its role in international financial markets. Finance Minister Vera Daves de Sousa and Sovereign Wealth Fund Chairman Armando Manuel discussed sovereign debt and market transparency. Chairman Elmer Serrão highlighted Angola's commitment to consistent issuance and a competitive capital market.
Other
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2025-10-15•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released detailed interest rate data for deposits and loans for each credit institution for August 2025.
Data & statisticsMonetary data
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2025-10-15•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority and the Virtual Assets Regulatory Authority signed a Memorandum of Understanding to enhance regulatory cooperation for virtual assets in Dubai, including the DIFC. The MoU emphasizes coordination on licensing, supervision, enforcement, and combating financial crimes, alongside improved information exchange. The agreement was signed at GITEX Global by DFSA Chief Executive Mark Steward and VARA CEO Matthew White.
Policy & regulationCooperationCross-border cooperation
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2025-10-15•Europe•European Securities and Markets Authority
The European Securities and Markets Authority and the European Banking Authority have issued joint technical advice to the European Commission, recommending limited reforms to the Investment Firms Regulation and Directive. The advice emphasizes improving proportionality and fostering a level playing field among investment firms. Key areas include alignment with the banking prudential framework, clarification of definitions, and harmonization of calculation methodologies.
Policy & regulationGuidance & interpretationPrudential risksRegulatory burden
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2025-10-15•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority (CMA) has suspended trading in Eid Foods Company shares on Boursa Kuwait to protect market traders during a financial review. The suspension, approved by the CMA Board of Commissioners, follows Module Twelve of the Executive Bylaws to Law No. 7 of 2010 and will remain until the review is completed.
SupervisionAuthorisations & approvalsOther
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2025-10-15•Kosovo•Central Bank of the Republic of Kosovo
Governor Ahmet Ismaili of the Central Bank of the Republic of Kosovo attended an IMF session at the 2025 IMF and World Bank Annual Meetings, discussing financial system resilience in developing countries. He highlighted Kosovo's progress in financial reforms, including risk-based supervision, systemic risk monitoring, and financial inclusion, leading to its removal from the fragile states list and its first sovereign credit rating from Fitch Ratings. Ismaili emphasized the need for forward-looking risk assessments and investment in technology and human resources.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-10-15•France•France Autorite des marches financiers
France's Financial Markets Authority released a SPOT synthesis on governance and senior management roles within five portfolio management companies. The review highlighted well-organized oversight bodies but noted issues like missed meetings, inadequate training for oversight members, and outdated incident procedures. Good practices included detailed internal rules and systematic communication of procedure changes, while poor practices involved undefined meeting frequencies and lack of formal escalation channels.
SupervisionReviews, inspections & stress testsCorporate governance
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2025-10-15•Italy•Bank of Italy
The Bank of Italy released a paper proposing an extension of domestic instant payment systems to facilitate cross-border and cross-currency transactions through an overlay interlinking model. The approach advocates for a standardized protocol enabling synchronous processing across systems, maintaining immediacy and user experience, and utilizing a decentralized network with adapters or gateways for message translation and routing.
Policy & regulationGuidance & interpretationCross-border paymentsPayments and payment systems
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2025-10-15•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand's research highlights the effectiveness of Large-Scale Asset Purchases (LSAPs) during COVID-19 in stabilizing financial markets and supporting economic activity, increasing government tax revenue and offsetting direct costs. Mr. Conway emphasized LSAPs as essential for targeted interventions when the Official Cash Rate is at its lower limit, advocating for flexible, coordinated monetary and fiscal measures without joint decision-making to maintain independent monetary policy.
Monetary policyMonetary policy assessments & outlooks
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2025-10-15•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission announced that AGI Services Ltd has surrendered its Category 1 Global Business Licence and Investment Adviser (Restricted) activity licence, effective 19 March 2025. The termination was conducted under sections 28(5) and 28(9) of the Financial Services Act 2007.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-15•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) held its Third Meeting of the Fourth Employees’ Council in Dodoma, focusing on institutional development and insurance sector priorities. Deputy Commissioner Khadija Said highlighted the council's role in aligning management and staff interests and ongoing reforms like digital system enhancements and regulatory compliance. The meeting also covered staff training on internal communications, ICT security, and mental health.
Institutional developmentCooperation & capacity buildingCapacity building
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2025-10-15•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) updated its investor-warning list of "SKAM projects," adding LTVcapital/Zubkovskyi Evhen and Pylyp Oliynyk, bringing the total to 452 projects. These projects are linked to ltv-capital.online, e-zubkovskiy.com, and oleynik.finance. The NSSMC highlighted red flags like lack of licenses, limited transparency, aggressive advertising, and promises of high returns.
SupervisionAlertsSanctions list update
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2025-10-15•United States•Federal Deposit Insurance Corporation
At the Single Resolution Mechanism’s 10th Anniversary Conference, FDIC Acting Chairman Travis Hill discussed lessons from the 2023 large bank failures and outlined enhancements to large-bank resolution readiness, including changes to insured depository institution resolution planning and improvements in failed-bank marketing and valuation processes. The FDIC is also working on amending resolution planning regulations, piloting nonbank bidder pre-qualification, and securing lower-cost receivership liquidity through faster securitization.
Policy & regulationRules & requirementsRecovery and resolution
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2025-10-15•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Tihama Advertising and Public Relations Company's request to reduce its capital from SAR 400 million to SAR 229.2 million, pending extraordinary general assembly approval and regulatory procedures. Tihama will disclose the reduction method and expected effects to shareholders before the meeting. The authority clarified that its approval confirms compliance with regulatory requirements, not the reduction's feasibility.
SupervisionAuthorisations & approvalsLicence approval
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2025-10-15•Nigeria•Ministry of Finance (Nigeria)
Nigeria's Ministry of Finance reported progress on reforms and macro-financial indicators at the Nigeria Investors Forum, highlighting the Central Bank of Nigeria's external reserves at USD 43.4bn, the highest in five years. Monthly foreign exchange market turnover increased by 56.4% to USD 8.6bn in 2025, with average net flows doubling between January 2023 and July. The government targets 7% economic growth by 2027-2028, forecasting 4% growth in 2025 and around 5% the following year.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2025-10-15•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay summarized the XIV Central Banking Law Days, emphasizing the importance of interinstitutional cooperation in addressing central banking law and financial regulation. Key topics included electronic money issuers, payment systems, virtual assets, artificial intelligence, and AML/CFT. Director Julio Luis Sanguinetti stressed the need for precise legislation to manage technological change and market complexity.
Policy & regulationCooperationFintech and insurtechRegtech and suptech
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2025-10-15•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique joined the 60th Maputo International Fair to promote insurance and pensions awareness and present the Bank Supervision Application, a web-based supervisory platform for the insurance sector. ISSM Board Chair Ester dos Santos José emphasized consumer financial education and technology use. The event included a talk on insurance and pensions for students from local educational institutions.
Financial literacy & educationFinancial literacy and education
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2025-10-15•Georgia•National Bank of Georgia
The National Bank of Georgia released an interactive press release detailing money transfer statistics for September 2025, accessible on its website.
Data & statisticsBalance of payments and other external statistics
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2025-10-15•Georgia•National Bank of Georgia
The National Bank of Georgia's Governor Natia Turnava and Finance Minister Lasha Khutsishvili met with World Bank officials during the IMF and World Bank Annual Meetings to discuss monetary policy priorities and ongoing cooperation. Key projects include the implementation of an instant payments system, supported by the World Bank, set to be operational by the end of 2026.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2025-10-15•Georgia•National Bank of Georgia
The National Bank of Georgia's Governor Natia Turnava met with Mastercard's regional leadership in Washington to discuss cooperation on payment services, financial inclusion, and digital transformation reforms. Key topics included enhancing card transaction security and strong customer authentication, with system upgrades and new mechanisms in progress. The central bank emphasized the importance of Mastercard coordination amid growing fintech entrants.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2025-10-15•Indonesia•Bank Indonesia
Bank of Indonesia reported that Indonesia's external debt reached USD 431.9 billion in August 2025, with annual growth slowing to 2.0% from 4.2% in July. Government external debt growth eased to 6.7% amid global financial uncertainty, while private external debt contracted by 1.1%. The external-debt-to-GDP ratio was 30.0%, with long-term debt comprising 85.9% of the total.
Data & statisticsBalance of payments and other external statistics
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2025-10-15•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported preliminary end-September 2025 statistics, showing an 8.7% year-on-year increase in total social financing to CNY 437.08 trillion and an 8.4% rise in broad money (M2) to CNY 335.38 trillion. RMB loans to the real economy were CNY 267.03 trillion, and government bonds were CNY 92.55 trillion. The bank revised the M1 definition and included certain non-deposit-taking banking institutions in statistics since January 2023.
Data & statisticsMonetary data
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2025-10-15•China•Central Bank of the Republic of China
The People's Bank of China renewed a bilateral local currency swap agreement with the Central Bank of Iceland, valued at CNY 3.5 billion or ISK 70 billion, for five years. Signed during the IMF and World Bank Annual Meetings, the renewal aims to enhance financial cooperation and support trade and economic exchanges. Governor Pan Gongsheng emphasized the agreement's role in maintaining financial stability and deepening the cooperative relationship between China and Iceland.
Monetary policyMonetary policy instruments & operationsCross-border cooperation
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2025-10-15•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported on the 14th trilateral meeting of the governors of the People’s Bank of China, the Bank of Japan, and the Bank of Korea in Washington, where they discussed recent economic and financial developments. The meeting was chaired by Bank of Japan Governor Kazuo Ueda. The next meeting will be hosted by the Bank of Korea in 2026.
Monetary policyMonetary policy assessments & outlooksCross-border cooperation
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2025-10-15•Europe•European Banking Authority
The European Banking Authority and the European Securities and Markets Authority have advised the European Commission on revising the Investment Firms Regulation and Directive to enhance proportionality and competitiveness. Recommendations include aligning with the banking prudential framework, adjusting definitions, calculation methodologies, and monitoring thresholds. It also covers own funds requirements, the EU Banking Package, prudential consolidation, remuneration, and interactions with other regulatory regimes.
Policy & regulationGuidance & interpretationPrudential risks
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2025-10-15•Europe•European Banking Authority
The European Banking Authority's 2024 Report on Supervisory Convergence outlines efforts to harmonize EU supervisory practices in prudential supervision, resolution, consumer protection, digital finance, and AML/CFT. It highlights stable prudential risk levels, progress in resolution tools, and preparations for the Markets in Crypto-Assets Regulation, noting improved cooperation in consumer protection and AML/CFT as responsibilities transition to the EU Anti-Money Laundering Authority by end-2025.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-10-15•Latvia•Ministry of Finance (Latvia)
Latvia's Finance Minister Arvils Ašeradens and State Secretary Baiba Bāne will attend the World Bank Group and IMF Annual Meetings in Washington, DC, focusing on Ukraine's economy, geopolitical issues, and global financial stability. Discussions include meetings with Nordic and Baltic finance ministers, Ukraine's finance minister, and World Bank officials on Ukraine's recovery, climate change, and structural reforms. Additional engagements cover global economic trends, geopolitical impacts, and support for the poorest countries.
Policy & regulationCooperationEconomic data and developmentsGeopolitical risk
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2025-10-15•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) published observations on groups acquiring independent financial advisers and wealth management businesses, highlighting practices that could increase harm. The review addresses risk areas such as debt-funded acquisition models, inadequate prudential consolidation, and governance weaknesses. Firms are reminded to benchmark their arrangements against FCA findings to ensure compliance with Consumer Duty and market integrity.
SupervisionReviews, inspections & stress testsRisk managementSupervision process and methodologies
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2025-10-15•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released a draft regulatory standard for indices to update sums insured under home insurance policies. Effective for policies starting or renewing in Q1 2026, the indices are set at 573.28 for Buildings, 358.07 for Home Contents, and 487.19 for the combined index. ASF emphasizes policyholders' responsibility to ensure appropriate insured values, considering regional variations and changes to property and contents.
Policy & regulationRules & requirementsOther
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2025-10-15•T?rkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye hosted the 14th annual COMCEC Capital Market Regulators Forum online, with participation from regulatory representatives, Borsa İstanbul, the Central Bank of the Republic of Türkiye, and the COMCEC Coordination Office. The forum reviewed task force work on Islamic capital markets, sustainability, financial literacy, sukuk market development, and crypto service provider regulation. Members also received an update on the GEFAS Platform and were invited to contribute.
Policy & regulationCooperationCross-border cooperation
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2025-10-15•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency is seeking public feedback on its proposed Strategic Plan for 2026–2030, which outlines goals for overseeing Fannie Mae and Freddie Mac, supervising the Federal Home Loan Bank System, and managing agency operations. The plan aligns with statutory requirements and executive orders.
Policy & regulationReform agendas & prioritiesOther
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2025-10-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) has removed the remaining AUD 500 million capital add-on for Westpac Banking Corporation, completing its risk transformation program. This follows a 2020 investigation leading to a Court Enforceable Undertaking. Westpac implemented the CORE Program and appointed an independent reviewer. The initial AUD 500 million add-on was imposed in July 2019, with an additional AUD 500 million in December 2019; the first tranche was removed in July 2024 after APRA validated improvements.
SupervisionInterventionsRisk managementPrudential risks
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2025-10-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and Hong Kong Cyberport Management Company announced the second cohort of the Generative AI Sandbox, selecting 27 use cases from 20 banks and 14 tech partners. The initiative aims to transition from experimentation to secure implementation of generative AI in banking, focusing on innovation, technical complexity, and industry value. Use cases include governance-oriented AI quality checks and deepfake-fraud defence testing.
SupervisionInnovation & testingArtificial intelligence