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2025-10-14•Ireland•Central Bank of Ireland
Central Bank of Ireland Governor Gabriel Makhlouf, at the Atlantic Council during IMF World Bank Week, discussed global trade fragmentation's impact on Ireland and monetary policy. He noted 15% tariffs would reduce U.S. exports but not prohibit trade, with growth slowing from 2.9% to just over 2%. Makhlouf emphasized further EU single market integration and stated monetary policy will be data-driven without pre-commitment to a specific rate path.
Monetary policyMonetary policy assessments & outlooksCross-border cooperationMonetary policy decisions and developments
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2025-10-14•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) held a governance roadshow in Bandung, emphasizing integrity in the financial sector and academia. The event highlighted OJK Regulation No. 12 of 2024 on anti-fraud strategies, focusing on risk governance, digital resilience, and AI ethics. The initiative involved collaboration with West Java's provincial government and anti-corruption bodies to enhance transparency and accountability.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-10-14•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) updated its Integrated Capital Market Socialisation and Education programme (SEPMT) 2025 in Jember, emphasizing informed investing among students at the University of Jember. OJK stressed understanding investment fundamentals, noting 54% of Indonesia's 18.5 million investors are under 30. The programme includes a session on capital markets as a funding source, featuring securities crowdfunding for 150 micro, small, and medium-sized enterprises.
Financial literacy & educationFinancial literacy and education
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2025-10-14•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) launched a programme to digitise financing in the Malang dairy cattle ecosystem with the International Labour Organization. It aims to enhance cooperative governance and expand formal finance access for dairy farmers through a digitally enabled value-chain approach. The programme includes implementing an Enterprise Resource Planning system for cooperatives, integrating modules like membership and finance, and linking with alternative credit rating providers to support underbanked farmers.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-10-14•Indonesia•Bank Indonesia
Bank of Indonesia launched the Pesantren Digital Holding Business Ecosystem Support for Food Security at the 12th Indonesia Sharia Economic Festival to enhance the economic role of over 41,000 pesantren in national food security and the halal food sector. The initiative includes developing the "Pesantara" virtual market platform and partnerships with Islamic financial institutions. Additionally, BI hosted the third Indonesia International Halal Chef Competition, reinforcing its commitment to the halal value chain agenda.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-14•Indonesia•Bank Indonesia
Bank of Indonesia announced a strategy to empower women for economic development by strengthening Indonesia's halal ecosystem and expanding access to global halal markets. In collaboration with the Ministry of Women’s Empowerment and Child Protection and the Indonesia Halal Lifestyle Centre, the initiative aims to build networks of female Muslim entrepreneurs, enhance women's business capacity, and develop community-based halal business ecosystems. Women manage over 64% of Indonesia's micro, small, and medium enterprises, employing more than 117 million workers.
Policy & regulationCooperationDiversity and inclusion
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2025-10-14•Indonesia•Bank Indonesia
Bank of Indonesia concluded the 12th Indonesia Sharia Economic Festival (ISEF) 2025, reporting a sales turnover of IDR 3.1 trillion, up from IDR 2 trillion the previous year. The event featured over 700 sharia businesses and institutions, attracting 89,000 visitors and involving 34 government ministries and 30 international partners. Bank of Indonesia aims to develop ISEF as a global platform emphasizing digitalization, innovative financing, and strengthening the halal value chain.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-10-14•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority reviewed INSAG Education Group’s intention to pursue an IPO through its financial market single window, a recently activated mechanism to simplify listings and coordinate support. INSAG, a private higher-education group with more than DZD 250 million in 2024 revenue, plans to raise capital for new campuses in Oran and Constantine and for academic and digital investment.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-10-14•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners released consumer guidance on identity theft, detailing steps to mitigate cybersecurity risks as personal data is increasingly stored online. Recommendations include using multi-factor authentication, updating software, and being cautious with links and emails, aligning with the Cybersecurity and Infrastructure Security Agency's findings on phishing. The guidance also advises on strong password practices, monitoring financial accounts, and reporting identity theft to the Federal Trade Commission.
Financial literacy & educationCyber resilience
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2025-10-14•Europe•European Banking Authority
The European Banking Authority (EBA) released a report on the widespread use of white labelling in banking and payments, noting its adoption by 35% of banks surveyed. The report highlights consumer risks and supervisory challenges, including reduced clarity on firm responsibility and increased fraud vulnerability. The EBA plans to integrate white labelling into supervisory priorities and enhance consumer disclosures in 2026.
SupervisionSupervision approach, priorities & toolkitFintech and insurtechSupervision process and methodologies
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2025-10-14•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a shift in Lithuania's balance of payments for August 2025, with the current account moving from a deficit in July to a surplus of EUR 522.2 million. This change was primarily due to a reduced goods trade deficit and an increased services surplus. The financial account showed a positive net investment flow of EUR 228.6 million, driven by a net portfolio investment inflow of EUR 1.3 billion.
Data & statisticsBalance of payments and other external statistics
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2025-10-14•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has updated its Knowledge Base, incorporating guidance from Primary Market Bulletin No. 58. The revisions clarify the scope of "sponsor services," including preparatory work and communications with the FCA, and detail how sponsor responsibilities extend beyond document approval. These updates follow a consultation outlined in Primary Market Bulletin No. 57.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-10-14•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia, led by Superintendent César Ferrari, announced a unified supervisory model across financial markets, using artificial intelligence to enhance oversight. Ferrari emphasized considering external variables affecting consumer repayment capacity, beyond traditional credit history. The AI-based models, developed over two years, aim to analyze systemic dynamics and support regulatory decision-making.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologiesArtificial intelligence
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2025-10-14•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has mandated BlueCrest Capital Management (UK) LLP to provide USD 101 million in redress to UK and other non-US investors and issued a public censure. This follows findings that BlueCrest failed to manage a conflict of interest between an internal fund and a flagship fund for external investors from 2011 to 2015. The redress compensates non-US investors excluded from the US Securities and Exchange Commission’s Fair Fund.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-10-14•Greece•Ministry of National Economy and Finance (Greece)
Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, is attending the IMF and World Bank Annual Meetings in Washington, DC, focusing on digital economy, artificial intelligence, and climate resilience. He will participate in governance sessions, deliver a keynote at the New Economy Forum, and engage with European finance ministers and IMF officials. The visit includes bilateral meetings to highlight Greece's economic resilience and investment appeal.
OtherMonetary policy decisions and developments
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2025-10-14•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia released “Economic and Monetary History of Bolivia’s Bicentennial”, detailing the country's economic and monetary evolution from 1825 to 2025. The book, structured in eight chapters, covers themes like colonial disarticulation, crises, structural changes, and macroeconomic strategies, focusing on developments from 1986 to 2025. It was launched at an academic event and targets students, academics, researchers, and decision-makers.
ResearchOther
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2025-10-14•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds has approved a new AML/CFT standard for remote gaming and online sports betting entities under the Ministry of Foreign Trade and Tourism. The regulation mandates customer due diligence, AML/CFT training, a prevention manual, compliance officer appointments, and transaction recordkeeping. Developed with MINCETUR, it aligns with international standards and incorporates public and industry feedback.
Policy & regulationRules & requirementsAML and CFT
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2025-10-14•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the key analytical accounts of the Exchange Fund for September 2025, noting a decrease in foreign assets by HKD 28.1 billion to HKD 3,459.1 billion. The Monetary Base was reported at HKD 2,020.2 billion, with claims on the private sector at HKD 350.0 billion and foreign liabilities at HKD 33.6 billion. Additionally, the HKMA published the 2026 release calendar for the Analytical Accounts of the Exchange Fund.
Data & statisticsMonetary data
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2025-10-14•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert following reports from several banks about fraudulent websites, phishing emails, and fake internet banking screens. The alert involves The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, China Construction Bank (Asia), and OCBC Bank (Hong Kong). The HKMA emphasized that banks will not request sensitive information via SMS, email, or phone.
SupervisionAlertsFraud and scams
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2025-10-14•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority warns about a fraudulent website, www.fairbairnpvt.com, falsely claiming to represent Fairbairn Private Bank (IOM) Limited. The site uses an Isle of Man address and offers banking and virtual currency services without proper licensing. The Authority advises caution due to potential fraud risks and suggests contacting local police or its Enforcement Division for concerns about unlicensed activities.
SupervisionAlertsFraud and scams
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2025-10-14•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority reported on UK and US sanctions against a network operating illegal scam centres linked to Southeast Asia, involving asset freezes and exclusion from the UK financial system. Under the Sanctions Act 2024, these sanctions automatically apply in the Isle of Man, requiring businesses to verify holdings related to sanctioned entities. The update highlights cooperation with international law enforcement and efforts to address transnational money laundering and improve information-sharing.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-10-14•Zambia•Zambia Securities & Exchange Commission
The Zambia Securities & Exchange Commission reported on the quarterly meeting of the Steering Committee of the Inter-Agency Framework on Collaboration and Coordination in Asset Recovery, focusing on enhancing cross-agency efforts against financial and economic crimes. Key discussions included measures against illegal mining, Ponzi schemes, and illegal land sales. The Framework's structure involves a Steering Committee of 21 member institutions meeting quarterly and a Technical Committee meeting monthly for joint investigations and intelligence sharing.
Policy & regulationCooperationAML and CFT
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2025-10-14•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved senior appointments at JSC Eurasian Bank, Corporate Fund KMF-Demeu, and JSC ForteBank. Zhanbota Bekenov and Erlan Musin were appointed to Eurasian Bank's board, Azat Orynov and Shalkar Jusupov to KMF-Demeu's governing body, and Zamira Sundetova as managing director of ForteBank.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-10-14•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston detailed President Susan M. Collins's visit to Rhode Island, where she engaged with employers, labor leaders, and entrepreneurs to discuss economic uncertainty related to AI, inflation, and healthcare costs. Key discussions included the impact of federal healthcare subsidies, AI's productivity potential, and workforce initiatives addressing wage pressures and labor shortages. Collins also explored challenges faced by micro-businesses amid economic uncertainty.
Monetary policyOtherEconomic data and developments
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2025-10-14•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan conducted a Zoom roundtable with over 100 participants, including the Asian Development Bank and microfinance leaders, to discuss transitioning microfinance organizations to microfinance banks. The session covered regulatory requirements, establishment procedures, and licensing stages, with plans for future seminars based on market feedback.
Policy & regulationGuidance & interpretation
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2025-10-14•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission held a public hearing on the draft Fifth Insurance Development Plan for 2026–2030, seeking industry input on strategic priorities. The plan addresses challenges such as climate-driven disasters, an aging population, and digital technology in insurance. Feedback will be consolidated to refine the draft before submission to the OIC Board.
Policy & regulationReform agendas & prioritiesOther
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2025-10-14•Mexico•CONDUSEF
CONDUSEF, HSBC, and the University of Guadalajara held a two-day financial education programme for students in Guadalajara before the 18th National Financial Education Week 2025. The programme focused on financial health and responsible credit use, citing the 2023 National Financial Health Survey's findings on adult financial concerns. Sessions covered financial skills, credit, and entrepreneurship, with more events planned nationwide.
Financial literacy & educationFinancial literacy and education
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2025-10-14•Jordan•Jordan Securities Commission
The Jordan Securities Commission hosted a delegation from the Criminal Investigation Department of the Public Security Directorate for a training program on investigating financial and banking crimes, focusing on forgery and fraud. The course covered various topics, including money laundering, digital currencies, and the Commission's supervisory remit and efforts to align with international standards.
SupervisionCooperationCross-border cooperationEnforcement statistics
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2025-10-14•Europe•Eurosif
Eurosif criticized the European Parliament Legal Affairs committee's stance on the Omnibus simplification initiative, arguing that reducing the scope of the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD) would weaken sustainability data for investors. Eurosif warns that a 90% scope reduction and a CSRD "value chain cap" could hinder financial institutions' access to necessary investment information. It urges co-legislators to address these concerns in trilogue negotiations to ensure the Omnibus package simplifies requirements without compromising investor access to critical sustainability information.
Policy & regulationOtherClimate risk and sustainable finance
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2025-10-14•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has initiated Public Consultation Notice No. 08/2025 on a draft resolution for portfolio transfers among insurers, aiming to replace SUSEP Circular No. 456/2012. Key changes include allowing transfers between local reinsurers, a two-step supervisory process requiring SUSEP approval, and updated customer notification requirements utilizing new technologies. The proposal seeks alignment with National Council of Private Insurance Resolution No. 422/2021 and Law No. 15.040/2024.
Policy & regulationRules & requirementsOther
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2025-10-14•Brazil•Brazilian Pension Funds Authority (PREVIC)
At an Abrapp event, PREVIC director-superintendent Ricardo Pena highlighted systemic risks from excessive judicialisation in closed pension entities, advocating for more mediation, negotiation, conciliation, and arbitration. He noted lengthy court cycles require contingency provisioning, impacting financial results and credibility. Pena proposed integrating these mechanisms into regulations and emphasized training to enhance negotiation skills.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-10-14•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendence of Banks of the Dominican Republic marked its 78th anniversary, highlighting recent strengthening and transformation efforts in banking supervision and user protection. A strategic plan has been implemented to enhance supervision and management, with future priorities including financial system integrity, financial inclusion, and user rights protection.
SupervisionSupervision approach, priorities & toolkitOperational excellence
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2025-10-14•South Africa•South African Reserve Bank
The South African Reserve Bank’s Prudential Authority issued updated guidance on climate-related disclosures for banks, incorporating Basel Committee and IFRS frameworks. It outlines qualitative and quantitative disclosure expectations, including governance, strategy, risk management, and sector-specific reporting. While independent external assurance isn't required now, mandatory climate-related disclosures are anticipated in the future.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-10-14•Estonia•Finantsinspektsioon
Estonia's Financial Supervision Authority issued a precept to AS Inbank Finance for deficiencies in its internal rules for assessing consumer creditworthiness and granting credit, which did not fully comply with the Creditors and Credit Intermediaries Act. The firm is required to address these shortcomings by mid-December 2025. The precept can be appealed to the Tallinn Administrative Court within 30 days.
SupervisionInterventionsLending
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2025-10-14•Estonia•Finantsinspektsioon
Estonia’s Financial Supervision Authority (Finantsinspektsioon) hosted Europe’s Single Supervisory Mechanism (SSM) Supervisory Board for a strategy retreat in Tallinn to enhance risk-based banking supervision and transform supervisory culture. The retreat, held on 9–10 October, included discussions on regulatory simplification and crypto company issues. Finantsinspektsioon’s chair, Kilvar Kessler, emphasized Estonia’s approach as a valuable contribution to the SSM’s reform agenda.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-10-14•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority warned HP Capital Limited, trading as Finbase, for serious breaches of the Financial Markets Conduct Act 2013 and Regulations 2014, including improper use of Small Offers and Wholesale Investors exclusions, and misleading advertising. Finbase exceeded the NZD 2 million offer limit and failed to meet the NZD 750,000 minimum investment requirement, prompting the FMA's public warning due to the conduct's seriousness and reliance on inadequate legal advice.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-10-14•United States•New York State Department of Financial Services
The New York State Department of Financial Services settled with eight auto insurers for over USD 19 million in penalties due to cybersecurity regulation violations linked to data breaches. The breaches exposed New Yorkers' personal data, including driver's license numbers, due to inadequate cybersecurity controls. The companies, including Farmers Insurance Exchange and Liberty Mutual, agreed to remedial measures, and investigations continue.
EnforcementInvestigations & enforcement actionsCyber resilience
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2025-10-14•Europe•European Central Bank
The European Central Bank's Working Paper No 3138 by Luca Fosso introduces a trend-cycle vector autoregression framework to distinguish between permanent and transitory drivers of US macroeconomic fluctuations. Using data from 1960 to 2023, the study finds post-pandemic inflation was primarily cyclical, driven by demand shocks, with supply shocks significant during early recovery and around Russia's 2022 invasion of Ukraine. The paper highlights that accommodative monetary policy contributed to the inflation surge, while tightening measures aided disinflation.
Research
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2025-10-14•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore released consultation paper P014-2025 on proposed changes to banks' related party transaction requirements.
Policy & regulationRules & requirementsCorporate governance
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2025-10-14•Serbia•National Bank of Serbia
The National Bank of Serbia highlighted the advantages of using the NBS IPS instant payment system, emphasizing IPS QR code payments as a fast and error-reducing method for settling bills via mobile phone. These payments are positioned as cheaper than card payments, with lower fees or free services offered by some banks. Major utilities and various merchants are adopting IPS QR codes, contributing to rising transaction volumes.
Financial literacy & educationPayments and payment systems
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2025-10-14•Serbia•National Bank of Serbia
National Bank of Serbia Governor Jorgovanka Tabaković met with Swiss National Bank Governor Martin Schlegel to discuss global macroeconomic uncertainty and stability policies. Topics included Serbia's macroeconomic performance, exchange rate stability, and measures to protect living standards amid global inflation. The meeting highlighted ongoing bilateral cooperation, including workshops and annual visits, as Serbia nears the 110th anniversary of relations with Switzerland.
Monetary policyOtherCross-border cooperation
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2025-10-14•Europe•European Council
Eurogroup President and Irish Finance Minister Paschal Donohoe will represent the euro area at the IMF and World Bank Annual Meetings in Washington, DC. Donohoe will join the G7 Finance Ministers and Central Bank Governors’ meeting and various IMF meetings, focusing on the European economic and financial policy agenda. The meetings will address global economic challenges, emphasizing multilateralism amid current conflicts and economic turbulence.
OtherCross-border cooperation
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2025-10-14•Estonia•Central Bank of Estonia
The Central Bank of Estonia released its monthly flash estimate of the balance of payments, detailing its compilation and revision process. The estimate uses a smaller database than the quarterly report, incorporating administrative data and international payment reports, and is adjusted once quarterly figures are available. The third quarter balance of payments will be published on 10 December 2025.
Data & statisticsBalance of payments and other external statistics
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2025-10-14•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia's first Climate Adaptation and Resilience Conference gathered over 400 participants to discuss funding for climate adaptation projects. SC Chairman Dato’ Mohammad Faiz Azmi emphasized financing challenges and highlighted sustainability as a key element of the upcoming Capital Market Masterplan 4. The conference addressed enabling policies, investment strategies, and project bankability, featuring examples like coastal flood protection and urban heat resilience.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-10-14•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) announced that the Empresas.Net filing system will have a new web address from 29 October 2025, accessible via a Gov.BR account. The Director of Investor Relations or Legal Representative will receive confirmation emails for Gov.BR account activation between 18 and 29 October 2025. While access can be delegated, the Director or Legal Representative remains responsible for compliance with disclosure requirements.
Policy & regulationGuidance & interpretationOther
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2025-10-14•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) concluded an enforcement action against Felipe Toscano and Alexandre Melo, finding Toscano liable for unauthorized securities portfolio management and both guilty of a fraudulent securities operation. Toscano received a 78-month market prohibition and a BRL 19.5 million fine, while Melo was fined BRL 6.5 million. The unanimous decision, based on breaches of CVM Instructions and Law 6,385, allows for appeal to the National Financial System Appeals Council.
EnforcementInvestigations & enforcement actions
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2025-10-14•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has added 12 persons and entities to the UK Global Human Rights Sanctions Regulations 2020 list, effective in Guernsey, subjecting them to an asset freeze. Businesses must identify and freeze related assets, report findings to the States of Guernsey Policy & Resources Committee, and comply with the Sanctions (Bailiwick of Guernsey) Law, 2018. Firms must refrain from providing funds or resources to these parties unless permitted by a derogation or licence.
EnforcementSanctions & designationsNew sanctions designations
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2025-10-14•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) hosted a roadshow for the initial public offering (IPO) of Picasso City Garden Development Plc, officially announcing the IPO launch and opening subscriptions to investors. The event was led by SERC Deputy Director General Seang Thirith and other officials. Picasso City Garden Development Plc received IPO approval from the Non-Bank Financial Services Authority Council on 3 October 2025.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-10-14•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) clarified that the Development Bank of Montenegro has not submitted a request to open an account in the CBCG's domestic payment system, countering media claims of an administrative stalemate. The CBCG emphasized there is no dispute with the Ministry of Finance and that its actions adhere to legal procedures applicable to all payment system participants.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-10-14•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has amended its regulatory acts to expand the list of Islamic banking and financing contracts available to supervised institutions. Banks, microfinance organizations, and credit unions can now utilize a broader range of these contracts, contingent on holding the appropriate National Bank license or certificate.
Policy & regulationRules & requirementsLicensing framework and process
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2025-10-14•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 13.2bn in August 2025, up from PLN 8.7bn in August 2024, driven by deficits in trade in goods, primary income, and secondary income. Goods exports fell 2.1% year on year, while imports declined 1.8%, with notable decreases in transport parts and durable consumer goods. Services exports rose 1.9%, but services imports increased 7.1%, contributing to the overall deficit.
Data & statisticsBalance of payments and other external statistics
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2025-10-14•Russia•Central Bank of Russia
The Central Bank of Russia released its October 2025 monitoring results for maximum interest rates on Russian-ruble deposits from the ten largest credit institutions, with an average maximum rate of 15.46% for early October. Rates by maturity were 14.89% for up to 90 days, 14.90% for 91–180 days, 14.02% for 181 days to one year, and 12.18% for over one year. The data excludes special-category deposits and products with compounding or conditional pricing.
Data & statisticsFinancial and market indicators
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2025-10-14•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission urged users to verify the licensing of digital asset operators, especially for WLD tokens via World App. The SEC stressed compliance with regulations and warned of legal action against violators. Investors should use licensed providers to avoid scams and money laundering, consulting the SEC's resources for verification.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Sweden•Finansinspektionen
Finansinspektionen is investigating Skandinaviska Enskilda Banken AB (SEB) for compliance with the Swedish Securities Market Act and Market Abuse Regulation, focusing on inside information controls during block transactions. The review examines SEB's policies, internal controls, client interest protection, market abuse notification, and market soundings adherence following EQT AB transactions. Preventing market abuse is a supervisory priority for 2025.
SupervisionReviews, inspections & stress testsMarket abuse
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warned against Antera Capital365, unregistered to deal or advise in securities or derivatives. The firm falsely claims affiliation with SIG North Trading, ULC, and related alerts have been issued by CIRO and the Autorité des marchés financiers. Investors should verify firm registration and consult guidance on identifying fraud in crypto asset trading platforms.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission warned against BTC Trading Pro, stating it is not registered to deal or advise in securities or derivatives in New Brunswick. The platform falsely claims affiliation with SIG North Trading, ULC, which denies any connection. Investors should verify registration status using the National Registration Search tool and consult guidance on identifying potentially fraudulent crypto asset trading platforms.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick issued a warning against Giga-Markets365, which is not registered to deal or advise in securities or derivatives in the province. The platform falsely claims affiliation with SIG North Trading, ULC, and has been flagged by the UK's Financial Conduct Authority. Investors are advised to avoid unregistered firms and utilize registration checks and fraud-prevention resources.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warns that Kalmar Investments is not registered to deal or advise in securities or derivatives in New Brunswick. Investors should avoid unregistered firms due to lack of protections and verify registration status using the National Registration Search tool. The warning is specific to Kalmar Investments and does not apply to similarly named entities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warned against Plus Capital Advisor, unregistered to deal in securities or derivatives. The firm falsely claims affiliation with W.D. Latimer Co. Limited and CIRO, both refuted. Investors should verify registration using the National Registration Search tool and follow guidance on avoiding crypto asset trading fraud.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick warned that Revivo Capital is not registered to deal or advise in securities or derivatives in New Brunswick. The firm falsely claims affiliation with SIG North Trading, ULC, a member of the Canadian Investment Regulatory Organization, which has denied any connection. Investors are advised to verify registrations and consult guidance on identifying fraud in crypto trading platforms.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission cautioned against unregistered crypto platforms like Antera Capital365, BTC Trading Pro, and Giga-Markets365, citing lack of investor protections. Some falsely claim affiliation with legitimate firms. Investors should verify registration via the National Registration Search tool and consult the Commission's guidance on avoiding crypto fraud.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-14•Global•World Savings and Retail Banking Institute
The World Savings and Retail Banking Institute and the State Bank of India held a four-day study visit in Mumbai on advancing financial inclusion through digital innovation. The program highlighted SBI's digital model, including mobile banking, biometric authentication, and the YONO platform, with 98% of transactions now digital. Discussions also covered India's public digital infrastructure, such as the Unified Payments Interface and the Digital Rupee pilot.
Policy & regulationCooperationFinancial inclusion
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2025-10-14•Chile•Central Bank of Chile
The Central Bank of Chile has initiated fieldwork for the National Survey of Cash Use and Preferences (ENUPE) in major cities, running through October and November. The survey aims to collect data on payment method usage and preferences for banknotes and coins, supporting the Central Bank's cash monitoring tools. Data will be collected in person by accredited interviewers, ensuring participant confidentiality.
Data & statisticsCurrency and cash management
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2025-10-14•Canada•Canadian Securities Administrators
The Canadian Securities Administrators has extended the comment period for its consultation on proposed enhancements to the exchange-traded fund regulatory framework to 31 October 2025. This extension aims to provide stakeholders additional time to review and comment on the proposals.
Policy & regulationOtherSecurities offerings and listings
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2025-10-14•United States•Federal Reserve Board
Federal Reserve Chair Jerome H. Powell reviewed the Fed's balance sheet use during the pandemic and its ongoing normalization, noting USD 6.5 trillion in liabilities and USD 6.3 trillion in assets. Powell indicated the Fed may soon halt balance sheet runoff once reserves exceed ample conditions, emphasizing normalization won't revert to pre-pandemic levels. He highlighted gradual liquidity tightening and future discussions on the securities portfolio composition, aiming for a Treasury securities-focused portfolio.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2025-10-14•Canada•British Columbia Securities Commission
The British Columbia Securities Commission urged victims of the DFRF Ponzi scheme to file claims with the United States Securities and Exchange Commission’s DFRF Distribution Fund. The scheme, operated by Daniel Rojo Fernandes Filho and others in 2014-2015, defrauded 137 British Columbia residents of CAD 1.5 million. U.S. courts confirmed securities fraud in 2019, and the Commission imposed penalties on three residents in February 2023.
SupervisionAlertsFraud and scams
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2025-10-14•Canada•British Columbia Securities Commission
The British Columbia Securities Commission announced that the BC Prosecution Service has stayed quasi-criminal charges against Shaun Anthony John Pollard, former CFO of a Vancouver-based public company. The charges were related to an investigation by the Commission's Criminal Investigations Branch and were stayed on 9 October.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-10-14•Chile•Chile Financial Market Commission
The Chile Financial Market Commission invites academic research proposals on financial system stability, client protection, and market development to enhance public debate and CMF researchers' capabilities. Topics include sustainable finance, the Fintech Act, and financial education. Proposals must involve a CMF researcher and align with Commission priorities, with no payments or CMF expenditures involved.
ResearchMarket developmentFinancial stability and systemic risk
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2025-10-14•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) will publish the certificate setting the Conventional Current and Maximum Interest Rates in the Official Gazette on 15 October. As required by Law No. 18.010, this information is also available on the CMF website, ensuring transparency and timely disclosure.
Policy & regulationImplementation, projects & pilotsFinancial and market indicators
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2025-10-14•Global•International Monetary Fund
The IMF's October 2025 Global Financial Stability Report highlights elevated financial stability risks from stretched asset valuations, sovereign bond pressures, and nonbank financial institutions. It warns of macrofinancial uncertainties in foreign exchange markets, with potential shocks affecting funding costs and exchange-rate volatility. The report notes emerging markets' resilience from local-currency bond issuance but cautions against risks from heavy borrowing and narrow investor bases.
ResearchFinancial stability and systemic risk
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2025-10-14•Bosnia and Herzegovina•Republic of Srpska Securities Commission
The Securities Commission of the Federation of Bosnia and Herzegovina signed a cooperation agreement with the Federal Police Administration to facilitate data exchange and database access for the Property Confiscation Office's needs. This aims to enhance cooperation in financial investigations and verification activities. The signing took place in Neum, with Acting Director Vahidin Munjic and President Adnan Zukic representing the parties.
Policy & regulationCooperationDomestic cooperation
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2025-10-14•Egypt•Central Bank of Egypt
The Central Bank of Egypt (CBE) has been recognized by the Financial Action Task Force (FATF) for its best practices in financial inclusion and AML/CFT measures. The updated June 2025 guidance highlights CBE's initiatives, including simplified due diligence, streamlined account opening, and digital financial inclusion efforts. CBE Governor Hassan Abdalla emphasized ongoing coordination with state bodies to maintain alignment with global standards.
Policy & regulationInternational standards & recommendationsAML and CFTFinancial inclusion
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2025-10-14•Romania•National Bank of Romania
The National Bank of Romania reported a provisional widening of the current account deficit to EUR 18,789m for January–August 2025, up from EUR 18,001m in the same period in 2024. Non-resident direct investment reached EUR 4,685m, while total external debt increased by EUR 18,807m to EUR 222,317m as of 31 August 2025. Long-term debt accounted for 77.8% of the total, with a service ratio of 14.8% for the period.
Data & statisticsBalance of payments and other external statistics
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2025-10-14•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) released a new work guide for Financial Trusts under the automatic authorisation regime, enhancing predictability, efficiency, and transparency in the issuance process. It incorporates best practices for structuring, documentation, and information disclosure, serving as an interpretative complement to existing rules. A separate guide for Financial Trusts backed by electronically originated assets is also available.
Policy & regulationGuidance & interpretationSecuritization
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2025-10-14•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority participated in Hamad Bin Khalifa University’s Career Training Camp, where Ali Beraik Shafeea delivered a lecture on financial markets regulation. The session included an overview of QFMA's establishment and objectives, and a historical perspective on financial markets, referencing key events such as the US Securities Act of 1933 and the 2008 global financial crisis.
Financial literacy & educationOther
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2025-10-14•Argentina•Argentina Superintendency of Insurance
Argentina's Superintendency of Insurance highlighted Superintendent Guillermo Plate's remarks at Zurich Multinational's 50th anniversary and the launch of the International Risk Management Association (IRMA). Plate emphasized insurers' solvency and efforts to modernize regulations to foster innovation, competition, and investment. He noted Zurich's long-standing presence in Argentina and IRMA's role in promoting international cooperation on risk management.
SupervisionSupervision approach, priorities & toolkitRisk analysis and outlookMarket development
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2025-10-14•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has updated on Project Agorá, which tests a multi-currency unified ledger for wholesale cross-border payments using tokenisation. The project, involving seven central banks and over 40 financial institutions, is now in the prototype phase, with completion expected in the first half of 2026.
Policy & regulationImplementation, projects & pilotsCross-border paymentsTokenization
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2025-10-14•United States•U.S. Department of the Treasury
The U.S. Treasury, with the U.K., targeted Southeast Asia-linked cyber scam and laundering networks. OFAC designated Cambodia-based Prince Group as a transnational criminal organization, blocking 146 related individuals and entities. FinCEN finalized a rule to sever Huione Group from the U.S. financial system. The U.K. also sanctioned Prince Group and its leadership, and U.S. authorities unsealed an indictment against its chairman, Chen Zhi.
EnforcementSanctions & designationsNew sanctions designations
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2025-10-14•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic met in Washington, D.C. with IMF Executive Director André Roncaglia to discuss the country's macroeconomic outlook and policy coordination. The meeting emphasized strong economic fundamentals, expected recovery in domestic demand, and the importance of monetary-fiscal coordination. The IMF Executive Board will review the Dominican Republic’s 2025 Article IV consultation document on 12 November.
Policy & regulationCooperationCross-border cooperation
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2025-10-14•United Kingdom•Open Banking Limited
Open Banking Limited (OBL) announced the Open Innovation Exchange forum at the Open Banking Expo 2025, facilitating debates among start-ups, banks, regulators, and tech leaders on innovation and regulation. The event, from 21 to 22 October, will address scaling barriers for start-ups, digital identity, sustainability, and the UK's transition from open banking to open finance. OBL speakers will also discuss AI, fraud in real-time payments, and "Open Banking 2.0" scaling.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2025-10-14•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury highlighted UK and US sanctions against a network running illegal scam centres linked to Southeast Asia, emphasizing compliance under the Sanctions Act 2024. The sanctions aim to freeze millions in assets tied to the network, which uses coerced labour for online fraud, including cryptocurrency scams. The Treasury noted ongoing cooperation with international law enforcement on complex money laundering cases and directed firms to government sanctions guidance.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-10-14•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) released new Guidelines on diversity for (re)insurance undertakings' administrative, management, and supervisory bodies, and revised Guidelines on market share determination for supervisory reporting. The diversity Guidelines, part of the Solvency II Review, require policies promoting diversity and gender balance. The revised market share Guidelines update reporting methods to align with recent legal changes.
Policy & regulationGuidance & interpretationDiversity and inclusion
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2025-10-14•Moldova•National Bank of Moldova
The National Bank of Moldova, led by Governor Anca Dragu, began bilateral meetings at the IMF headquarters, discussing Moldova's IMF programme progress, structural reforms, and monetary policy. Key topics included the bank's independence, banking sector stability, Moldova's SEPA accession, and the 2025 Financial Sector Assessment Program results. Further discussions with World Bank and IFC officials will address Moldova's macroeconomic developments and EU accession-related reforms.
Policy & regulationCooperationCross-border cooperation
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2025-10-14•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its Domestic Market Brief for Q3 2025, highlighting the issuance of approximately 1.8 billion BSD in government securities, primarily for debt refinancing, with a decline in overall market absorption. Treasury bills comprised 89% of the issuance, with an average absorption rate of 85%, while Bahamas Registered Stock (BRS) was oversubscribed, with an average absorption rate rising to 115%. The report also includes a schedule of upcoming BRS offers.
Data & statisticsFinancial and market indicators
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2025-10-14•Barbados•Central Bank of Barbados
The Central Bank of Barbados announced progress on BiMPay, its national instant payment system, highlighting strong business support following an event with the Barbados Chamber of Commerce and Industry. BCCI President Paul Inniss emphasized BiMPay's potential to enhance transaction speed, cash flow management, and reduce card payment costs. The BCCI will collaborate with the Central Bank to help businesses adopt BiMPay, set to go live on 31 March 2025.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-10-13•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission concluded the ninth World Investor Week, focusing on "Technology and Digital Finance, Artificial Intelligence and Prevention of Fraud and Scams." The event featured a panel on digital assets and online frauds, promoting financial literacy and investor protection. Additionally, the CMC launched the fifth edition of the CMC&U Scientific Competition for university students, offering internships and prizes.
Financial literacy & educationFinancial literacy and education
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2025-10-13•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority hosted Rob Beenders, Minister of Consumer Protection, at the Wikifin Lab in Brussels to emphasize financial education's role in consumer protection. The Lab, an educational center for secondary school pupils, has welcomed over 30,000 students since its 2020 opening.
Financial literacy & educationFinancial literacy and education
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2025-10-13•Italy•Bank of Italy
The Bank of Italy released ten new Working Papers (Nos. 1493–1502) covering topics such as global risk aversion, policy rate expectations, and firms' cost shock pass-through. The research also explores the impact of green bonds on ESG scores, non-financial disclosure regulation, and various socio-economic issues including mafia infiltrations, trade volatility, and immigration's fiscal effects on Italian municipalities.
ResearchOther
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2025-10-13•Ukraine•National Bank of Ukraine
The National Bank of Ukraine (NBU) has revised banks' required reserves under martial law to enhance money market regulation and attract external financing. From 10 November 2025, seized and sanctioned funds will be excluded from reserve calculations, and from 10 December 2025, loans over one year from non-resident legal entities with foreign state or international financial institution backing will also be excluded. These changes, formalized in NBU Board Resolution No. 125 and Decision No. 373, aim to support reconstruction efforts.
Policy & regulationRules & requirementsLiquidity risk
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2025-10-13•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released a statement from its Governor after a meeting with the Parliamentary Committee on Finance and Budget regarding the 2026 State Budget.
OtherMonetary policy decisions and developments
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2025-10-13•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released the speech by Governor Christodoulos Patsalides, presented at the Parliamentary Committee on Finance and Budget's meeting regarding the 2026 State Budget.
Other
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2025-10-13•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released findings from its Ship Management Survey for the first half of 2025.
Data & statisticsOther
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed financial penalties on Al-Maassah Investment Company for breaches of the Executive Bylaws of Law No. 7 of 2010. Violations included failing to fill required positions, unauthorized board nominations, and non-compliance with auditor appointment requirements. Penalties totaled KD 11,000.
EnforcementInvestigations & enforcement actionsClient asset custody and safekeeping
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority’s Disciplinary Board fined Kuwait and Middle East Financial Investment Company KD 10,000 for non-compliance with capital adequacy instructions. The firm failed to maintain the required 100% capital adequacy ratio, reporting 24.4% and 32% for December 2024 and March 2025, respectively. The Authority mandated the firm to adjust its regulatory capital to meet the 100% requirement.
EnforcementInvestigations & enforcement actionsCapital adequacy
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 10,000 penalty on Kuwait Business City Real Estate Company for breaching Corporate Governance Rules. The company failed to have its independent risk management unit review a related-party transaction involving the sale of bank-issued bonds valued at KD 2,166,443. The sanction was issued under Disciplinary Board Resolution No. 29/2025.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority fined Energy House Holding Company KD 10,000 for breaching disclosure requirements on Boursa Kuwait. The company failed to provide sufficient information in a 16 June 2025 announcement regarding a non-binding offer for a subsidiary, violating Article 4-6-3 of Module Ten of the Executive Bylaws and Article 139 of Law No. 7 of 2010. The Authority noted non-compliance with instructions to re-disclose the information with necessary specifics.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Gulf Bank KD 20,000 for breaches related to securities activities and business ethics. Violations included improper submission of securities applications and inadequate retention of customer phone recordings, with a system feature allowing deletion of recorded instructions.
EnforcementInvestigations & enforcement actions
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed financial penalties on International Financial Advisory Holding Company for breaching Disclosure and Transparency rules under Module Ten of the Executive Bylaws to Law No. 7 of 2010. The company was fined KD 5,000 for delayed disclosure of material information and KD 20,000 for governance issues related to a risk management contract that compromised independence due to a conflict of interest.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Gulf Investment House Company KD 10,000 for breaching Disclosure and Transparency rules by delaying the disclosure of material information. The violation pertains to Article (4-2-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010. The penalty was formalized in Disciplinary Board Resolution No. 31/2025.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-10-13•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority imposed a KD 5,000 penalty on Burgan Well Drilling, Trading & Maintenance Co. for failing to disclose material information to the Kuwait Stock Exchange. The breach involved not disclosing the Authority’s approval to renew its right to deal in treasury shares, violating Clause 24 of Article (4-1-1) of Module Ten of the Executive Bylaws of Law No. 7 of 2010.
EnforcementInvestigations & enforcement actionsDisclosures