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2025-10-09•United Kingdom•HM Treasury
HM Treasury and Switzerland's State Secretariat for International Finance issued a joint statement after the Switzerland–UK Financial Dialogue in Berne, outlining regulatory cooperation and steps to operationalise the Berne Financial Services Agreement by 1 January 2026. Discussions included macroeconomic outlooks, regulatory developments, and Basel III implementation, with Switzerland detailing its too big to fail regime and the UK sharing Financial Stability Board priorities. The parties agreed on establishing a Joint Committee and finalising supervisory guidance, with the next dialogue scheduled for the second half of 2026.
Policy & regulationCooperationCross-border cooperation
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2025-10-09•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) recommends banks enhance online and mobile banking security by tightening security limits and improving fraud monitoring. This includes setting per-transaction and daily euro limits for credit transfers and using real-time customer-behavior signals for fraud detection. FIN-FSA will oversee these measures as part of its regular supervision.
Policy & regulationGuidance & interpretationPayments and payment systemsOperational risk and resilience
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2025-10-09•Europe•European Commission
The European Commission has implemented new EU rules requiring euro-area payment service providers to offer instant euro credit transfers and verify payee checks to combat fraud. Transfers must be completed within seconds, available 24/7, and cost no more than standard transfers. From January 2027, non-euro area providers must also comply, and the Commission will monitor and report on the affordability and accessibility of these services.
Policy & regulationRules & requirementsCross-border payments
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2025-10-09•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation issued a Financial Institution Letter with supplemental instructions for the September 30, 2025, Call Report, noting no new data items this quarter. Institutions are directed to the September 2025 supplemental instructions for specific reporting guidance. The FFIEC is implementing multifactor authentication for the Central Data Repository, with phased registration starting August 2025.
SupervisionRegulatory reporting
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2025-10-09•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) have issued temporary relief from certain proxy-related material delivery requirements due to a postal service suspension, as detailed in Coordinated Blanket Order 51-932. This exemption applies to specific obligations under National Instrument 51-102 and National Instrument 54-101 but excludes corporate law delivery requirements. Reporting issuers and intermediaries should use alternative delivery methods and enhance transparency for shareholders.
Policy & regulationRules & requirementsCorporate governance
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2025-10-09•United States•Federal Reserve Board
Federal Reserve Board Chair Jerome H. Powell delivered remarks at the Community Bank Conference, emphasizing the importance of community banks in the US financial system and the need for supervisory tailoring to reduce burdens while ensuring safety. Powell highlighted the banks' local economic insights and framed the conference as a platform for dialogue between Federal Reserve leaders and community bankers.
SupervisionSupervision approach, priorities & toolkitOther
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2025-10-09•United States•Federal Reserve Board
At the Federal Reserve Board’s Community Bank Conference, Vice Chair for Supervision Michelle W. Bowman stressed "right-sizing" regulation for community banks by reconsidering definitions, adjusting regulatory thresholds, and focusing on material financial risks. She noted the misalignment of fixed asset thresholds with inflation and growth, suggesting adjustments and indexing for future changes. Bowman also advocated for improved transparency and predictability in the applications process and revisions to supervisory practices and standards.
SupervisionSupervision approach, priorities & toolkitOther
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2025-10-09•United States•Federal Reserve Board
The Federal Reserve Board plans to expand operating days for the Fedwire Funds Service and the National Settlement Service to include Sundays and weekday holidays, effective no earlier than 2028. Current daily operating hours will remain unchanged. The Board will monitor demand for potential future expansion to seven-day operations.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-10-09•United States•Federal Reserve Board
The Federal Reserve Board's Community Bank Conference, opened by Vice Chair for Supervision Michelle W. Bowman, focuses on the future of community banking amid technological change and regulatory shifts. The event features over a hundred community bank CEOs, with discussions on trends, economic shifts, AI, and fraud, and includes notable speakers like Treasury Secretary Scott Bessent and Paxos CEO Chad Cascarilla. A policy session will address the impact of capital and liquidity regulation on community banks.
Other
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2025-10-09•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) warned of fraudulent investment schemes after media coverage of the TUX platform. Promoted via messaging apps, these schemes promise rapid returns, encourage recruitment, but withhold funds and demand withdrawal fees. The CNPF advises verifying financial entities, avoiding unsolicited invitations, and reporting suspicious activities.
SupervisionAlertsFraud and scams
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2025-10-09•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets initiated public consultations on draft rules mandating a standard insurance product information document before contract conclusion, based on amendments to Law No. 92/2022. The Commission also approved a mandatory withdrawal offer by IT-IPPON LLC for MOSCOVA JSC shares and registered share capital increases for DRUMURI-CIMIŞLIA SA and DRUMURI IALOVENI SA.
Policy & regulationRules & requirementsCorporate governanceSecurities offerings and listings
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2025-10-09•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved ONYX TOURISM SA’s prospectus for trading its existing common shares on the Athens Stock Exchange's Regulated Market.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-09•United States•U.S. Securities & Exchange Commission
SEC Chair Paul S. Atkins outlined measures to enhance fairness and transparency in the enforcement program, focusing on the Wells process and settlement waivers. Key steps include detailed Wells notices, a four-week submission period, and senior leadership engagement. Atkins announced simultaneous consideration of settlement offers and waiver requests, with prompt notification if a waiver is declined.
EnforcementEnforcement frameworkOther
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2025-10-09•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins stressed enhancing public listings by simplifying disclosures, de-politicizing shareholder meetings, and cutting frivolous litigation costs. He suggested potential exclusions for non-binding shareholder proposals under Exchange Act Rule 14a-8, citing state laws and recent Texas statutes. Atkins criticized Delaware's Senate Bill 95 for limiting mandatory arbitration and extending fee-shifting prohibitions, urging reconsideration given the SEC's stance on arbitration provisions.
Policy & regulationReform agendas & prioritiesCorporate governance
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2025-10-09•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission issued a fraud warning regarding scammers impersonating the JFSC and its Executive Director, Kerry Petulla. The fraudulent emails falsely claim businesses are under regulatory assessment and request confirmation of contact details. The JFSC advises recipients to verify communications through official channels and confirm legitimacy before responding.
SupervisionAlertsFraud and scams
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2025-10-09•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority aims to enhance prudential regulation efficiency and financial resilience, focusing on superannuation supervision and governance reform. Initiatives include streamlining bank licensing, promoting cost-effective reinsurance, reducing life insurers' capital requirements, scrutinizing superannuation fund expenditure, maintaining macroprudential settings, and advancing cyber resilience.
Policy & regulationReform agendas & prioritiesPrudential risksOperational risk and resilience
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2025-10-09•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) has disqualified former Xinja Bank CEO Eric Wilson for eight years and non-executive director Craig Swanger for ten years from accountable roles under the Financial Accountability Regime (FAR) due to failures in meeting accountability obligations. This first enforcement action under FAR follows an investigation into misleading capital raising practices and document alterations related to Xinja's 2020 capital position.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-10-09•Canada•Alberta Securities Commission
The Alberta Securities Commission, with the Edmonton Police Foundation and Service, announced Stingray Security as the winner of the ScamShield: Investor Protection Challenge. Stingray Security developed a free browser-based tool to identify and block risky website links, focusing on online crypto investment fraud. The ASC also emphasized investor resources on CheckFirst.ca and urged verification of registrations with Canadian securities regulators.
Financial literacy & educationFraud and scams
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2025-10-09•Canada•Alberta Securities Commission
The Alberta Securities Commission (ASC) found Glenn Donald Hunter, Kyle William Watters, and their companies HW & Associates Inc. and HW TradeFX LLC breached Alberta securities laws by acting as dealers for foreign exchange trading without registration. An ASC panel noted they raised about CAD 20 million from 200 investors between February 2021 and February 2023. The proceeding will now enter a second phase to decide on potential sanctions or cost recovery orders.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-10-09•Canada•Alberta Securities Commission
The Alberta Securities Commission, with the Edmonton Police Foundation and Service, announced Stingray Security as the winner of the ScamShield: Investor Protection Challenge. Stingray Security's tool, which flags and blocks phishing websites and fake investment platforms in real time, is free on the Google Chrome Web Store. The ASC also recommends using CheckFirst.ca and aretheyregistered.ca for additional investor protection.
Policy & regulationImplementation, projects & pilotsFraud and scams
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2025-10-09•Canada•Alberta Securities Commission
The Alberta Securities Commission (ASC) found Glenn Donald Hunter, Kyle William Watters, and their companies, HW & Associates Inc. and HW TradeFX LLC, violated Alberta securities laws by acting as unregistered dealers in foreign exchange trading. Between February 2021 and February 2023, they raised approximately CAD 20 million from 200 investors. The case will proceed to determine potential sanctions and cost-recovery orders.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-10-09•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) President Roberto E. Silva discussed cryptoasset regulation, trends, and challenges at a panel during the Committee of Bank Lawyers of the Argentine Republic's monthly meeting. He highlighted the CNV's efforts leading to new tokenisation rules and PSAV regulation. The event included speakers from Belo, Santander Spain, and Greenberg Traurig, moderated by partners from Bomchil and Allende & Brea.
Policy & regulationGuidance & interpretationTokenization
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2025-10-09•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission President Roberto E. Silva highlighted nearly 100 new rules aimed at modernizing Argentina’s capital markets, aligning with international standards. Key initiatives include tokenisation, regulation of Special Purpose Acquisition Vehicles, and the Automatic Public Offering regime. The session, part of the II Professional Accounting and Auditing Day, was moderated by CPCECABA President Gustavo Diez.
Policy & regulationRules & requirementsAccounting and financial reportingAuditing
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2025-10-09•Luxembourg•Ministry of Finance (Luxembourg)
Luxembourg’s Ministry of Finance reported on the third European Competitiveness Laboratory meeting, where EU finance ministers reviewed the “Finance Europe” Label and explored a joint proposal for an EU-wide securitisation platform. This platform aims to standardise processes, enable asset pooling, and enhance securitisation's economic viability to broaden financing options for European businesses. The LAB serves as a voluntary testing ground for integration and competitiveness initiatives with potential EU-wide rollout.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-10-09•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reviewed compulsory transfer plans for banks, noting early positive results and directing alignment with approved plans. Organisational models and senior management are established, with branding changes and branch network reorganisations underway. Despite operational improvements, banks face difficulties, prompting the State Bank to instruct urgent solutions and propose measures to resolve issues.
SupervisionReviews, inspections & stress testsOther
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2025-10-09•Vietnam•State Bank of Vietnam
State Bank of Vietnam's Deputy Governor Pham Thanh Ha co-chaired the Financial Stability Board Asia Regional Consultative Group meeting in Sydney, focusing on macroeconomic and financial stability. Discussions addressed vulnerabilities in global and regional financial systems, including digital assets and liquidity risk, with participation from financial authorities and international organizations. Pham Thanh Ha and Reserve Bank of Australia Assistant Governor Brad Jones agreed to enhance data-management capacity through continued information exchange.
Policy & regulationCooperationFinancial stability and systemic riskDomestic cooperation
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2025-10-09•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) outlined its banking-sector priorities for international integration at the Interagency Steering Committee meeting. Key measures include implementing Government Resolution 153/NQ-CP, participating in free trade agreement negotiations, and enhancing cross-border payments cooperation. SBV emphasized balancing openness with monetary and banking system safety and macroeconomic stability while focusing on private sector development, digital transformation, and green finance.
Policy & regulationReform agendas & prioritiesOther
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2025-10-09•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) has extended the transitional period for exchanging collateral in certain over-the-counter (OTC) derivatives transactions by three years, now ending on 1 January 2029. This extension aligns with foreign legal developments, as the EU has abolished its transitional period and introduced an indefinite exemption to prevent competitive disadvantages for Swiss derivatives traders.
Policy & regulationRules & requirementsCCPs
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2025-10-09•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance participated in the ASSAL–International Association of Insurance Supervisors Regional Training Seminar in El Salvador to enhance cooperation among Latin American insurance supervisors. Valeria Hirschhorn presented on good practices in supervising reinsurance contracts, while the seminar addressed digitalisation, Solvency II, IFRS 17, and the proportionality principle in supervision.
SupervisionCooperationCapacity buildingCross-border cooperation
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2025-10-09•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission has released a draft amendment to the 2016 Investment Education Development and Training Regulations, proposing changes to senior staffing arrangements. The amendment allows for the promotion or appointment of an Executive Director and Director as Director General and Additional Director General, respectively, with provisions for external appointments if necessary.
Policy & regulationRules & requirementsOther
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2025-10-09•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network has renewed its Geographic Targeting Orders (GTOs) for residential real estate, requiring US title insurance companies to identify individuals behind shell companies in non-financed purchases in specified areas. Effective October 10, 2025, the GTOs maintain existing jurisdictional coverage and purchase price thresholds, except for Baltimore, where the threshold is USD 50,000. The orders are linked to the Anti-Money Laundering Regulations for Residential Real Estate Transfers Rule, with reporting requirements postponed to March 1, 2026.
Policy & regulationRules & requirementsAML and CFTBeneficial ownership
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2025-10-09•United States•U.S. Department of the Treasury
At the Federal Reserve Community Bank Conference, Treasury Secretary Scott Bessent urged a "fundamental reset" of the post-crisis regulatory framework to support community banks, focusing on tailored supervision and material financial risk. He proposed reducing regulatory burdens, revising the Community Reinvestment Act, merger policies, and supervisory practices, while addressing AML/CFT efforts. Bessent also mentioned potential reductions in the Community Bank Leverage Ratio and reforms to capital requirements, deposit insurance, and supervisory ratings.
Policy & regulationReform agendas & prioritiesOther
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2025-10-09•Denmark•National Bank of Denmark
The National Bank of Denmark has reaffirmed its commitment to the updated FX Global Code, aligning with the European System of Central Banks. This renewal ensures adherence to the Code's principles and alignment of internal practices. The central banks are also encouraging market participants to review and renew their commitments to the updated Code.
Policy & regulationInternational standards & recommendationsForeign exchange policy and markets
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2025-10-09•Moldova•National Bank of Moldova
First Deputy Governor Petru Rotaru of the National Bank of Moldova emphasized the central bank's commitment to price and financial system stability at an international conference. He highlighted aligning Moldova’s legal framework with European standards and the strategic priority of digitalizing financial services. Rotaru noted Moldova's recent entry into the Single Euro Payments Area (SEPA), expected to lower transaction costs and boost trade and investment.
Policy & regulationReform agendas & prioritiesEconomic data and developmentsFinancial stability and systemic risk
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2025-10-09•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority has launched a consultation on six legal instruments from the Solvency II review, focusing on regulatory simplification and burden reduction. Key proposals include revised implementing technical standards and guidelines on risk margin calculations, liquidity management, and supervisory powers. The consultation aims to streamline disclosure templates, matching adjustment procedures, and liquidity guidelines.
Policy & regulationRules & requirementsPrudential risksRegulatory burden
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2025-10-09•Europe•Single Resolution Board
The Single Resolution Board (SRB) is streamlining the Single Resolution Mechanism to enhance bank resolvability and minimize industry burden, as detailed by Board Member Karen Braun-Munzinger. The SRB is coordinating with the European Central Bank and the European Banking Authority to harmonize reporting standards and maintain policy stability, particularly regarding the minimum requirement for own funds and eligible liabilities (MREL). The blog suggests exploring longer cycles for resolution plan updates, reviewing MREL redemption permissions, and making requirements for smaller banks more proportionate.
Policy & regulationReform agendas & prioritiesRecovery and resolution
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2025-10-09•Australia•Department of Treasury (Australia)
Australia's Department of the Treasury has released tranche 1a exposure draft materials for its payment system modernisation agenda, proposing an activity-based regulatory framework to include more payment service providers in the Australian Financial Services licensing regime. The draft introduces technology-neutral definitions for stored value facilities, payment instruments, and payment services, requiring AFS licences for providers. It outlines obligations for intermediary licensees, extends ASIC's powers, and sets disclosure requirements for tokenised stored value facilities, with further reforms to be consulted on later.
Policy & regulationRules & requirementsPayments and payment systems
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2025-10-09•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE (CBUAE) met with bank CEOs and the UAE Banks Federation Chairman to discuss regulatory developments and strategic initiatives, focusing on payments modernization and digital transformation. The meeting reviewed the domestic card scheme Jaywan, payment system performance, and the CBUAE's digital projects under the Financial Infrastructure Transformation Programme. Discussions also addressed the banking sector's role in the UAE's Islamic Finance and Halal Industry Strategy, including sukuk market development.
Policy & regulationCooperationPayments and payment systems
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2025-10-09•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde has launched a public consultation on draft legal instruments to update the legal frameworks for payment services and electronic money. The proposed amendments target the 2018 regimes governing payment services and electronic money activities by authorised entities. The consultation period has been extended to 15 October 2025 due to the complexity of the proposed changes.
Policy & regulationRules & requirementsPayments and payment systems
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2025-10-08•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released preliminary Q2 2025 external statistics, showing a reduced current account deficit of EUR 257.3 million, down from EUR 341.7 million in Q2 2024. The net international investment position improved slightly, with a net liability of EUR 30,094.9 million, and gross external debt decreased to EUR 232,988.2 million. Adjusted figures for special purpose entities show a current account deficit of EUR 280.9 million and gross external debt of EUR 59,044.1 million.
Data & statisticsBalance of payments and other external statistics
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2025-10-08•Europe•Committee on Economic and Monetary Affairs
The European Parliament Committee on Economic and Monetary Affairs will hold a public hearing on 13 October 2025 to evaluate the Commission’s review of the securitisation framework, including amendments to the Securitisation Regulation and the Capital Requirements Regulation. The hearing aims to inform ECON’s legislative work, featuring experts from various financial organizations. The review package, adopted in June 2025, is part of the Commission’s Savings and Investments Union.
Policy & regulationCooperationSecuritization
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2025-10-08•United Kingdom•Payment Systems Regulator
The Payment Systems Regulator's updated quarterly APP reimbursement dashboard shows high reimbursement rates and faster claims handling since the policy's implementation. From October 2024 to June 2025, £112 million was reimbursed, with 88% of claimed funds returned and 84% of claims resolved within five business days. Despite these improvements, awareness of the reimbursement policy remains low, with 71% of consumers unaware of it.
Data & statisticsFraud and scams
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2025-10-08•Global•Egmont Group
The Egmont Group's Information Exchange Working Group released a report on enhancing Financial Intelligence Units' efforts to detect and disrupt illicit financial flows linked to environmental crimes, highlighting challenges and recommending strategies for improved effectiveness through cooperation, automation, and training. The report calls for tailored red flags and typologies for offences like illegal wildlife trade and pollution, with steps for implementation.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-10-08•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has released a draft rulebook for public consultation, proposing amendments to the licensing conditions for brokers and investment advisers. The draft, adopted under the Capital Market Law, includes an application form for obtaining authorisation.
Policy & regulationRules & requirementsOther
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2025-10-08•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has initiated a public consultation on draft amendments to rules for applications seeking regulatory approval for appointing executive directors and board members of market operators, investment firms, and the central clearing depository company. The draft outlines required information and documentation, including a standard application form. Feedback from interested parties is invited without a specified deadline.
Policy & regulationRules & requirementsOther
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2025-10-08•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) issued a notice clarifying the next steps for BBVA's public takeover bid for Banco Sabadell, addressing market confusion. The CNMV plans to announce the offer's result on 17 October and may require a mandatory takeover bid under Royal Decree 1066/2007, setting a "fair price" floor. The CNMV emphasized its commitment to investor and shareholder protection, using supervisory and sanctioning powers as needed.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-10-08•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia has launched OpenBCB, a free API-based tool to enhance QR electronic payments, enabling institutions to digitize collections and payment processing. The initiative aims to benefit over 100,000 users and around 30 institutions, particularly in peri-urban and rural areas, while reducing costs and improving financial management. OpenBCB is part of broader payments infrastructure measures, supported by Law No. 1670, and plans integration with fintech companies to expand its reach.
Policy & regulationImplementation, projects & pilotsPayments and payment systemsFinancial inclusion
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2025-10-08•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance held the annual Advisory Commission for Financial Inclusion session to enhance coordination on financial inclusion and education, reviewing the National Financial Education Strategy (ENEF 2025) and updating CAPIF’s governance. The Taxpayer Ombudsman's Office was approved as a permanent guest, integrating tax education into financial education. The ENEF 2025 update includes tax and pension education, adapting to digital changes and focusing on real-life financial competencies.
Policy & regulationCooperationFinancial literacy and education
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2025-10-08•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro and the United Nations Development Programme discussed cooperation under the FINSTEM project to advance digital transformation and build a resilient, green financial system. The project aims to enhance analytical and technical capacity for climate risk assessment and regulatory improvements. The meeting also highlighted Montenegrin banks' integration into the Single Euro Payments Area and efforts to align with EU standards.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-10-08•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority's "Sector in figures, first half-year 2025" shows high earnings in the financial sector. Credit institutions had lower earnings due to declining net interest income, but long-term profitability remained strong, with lending up 5.2% driven by corporate credit. Non-life insurers improved results through stronger core operations, while life insurance and pension funds reported weaker outcomes.
Data & statisticsFinancial benchmarks
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2025-10-08•United Kingdom•Payment Systems Regulator
The Payment Systems Regulator has appointed Andrew Wigston as interim Head of Supervision and Compliance Monitoring, succeeding Oliver Hanmer for six months. Wigston, formerly with the Financial Conduct Authority, will oversee supervision of payment firms and compliance monitoring. His appointment aligns with the PSR's consolidation into the FCA.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-08•Italy•Bank of Italy
The Bank of Italy is hosting a seminar on "Public procurement management at Banca d’Italia" in Rome on 8-9 October 2025. The event is part of its International Technical Cooperation activities and is invitation-only for central banks from select EU Member States, candidates, and emerging economies.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-08•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) will release updated standard market size figures for liquid equity and equity-like instruments to help firms prepare for new quoting and transparency requirements for systematic internalisers under the Markets in Financial Instruments Regulation review. The revised RTS 1 will determine the implementation date, with changes applying 20 days post-publication in the Official Journal. Additional provisions, including new pre-trade and amended post-trade transparency requirements, will take effect on 2 March 2026.
Policy & regulationImplementation, projects & pilotsTrading
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2025-10-08•Italy•Bank of Italy
Bank of Italy Governor Fabio Panetta delivered a speech titled “Solidarity and Cooperation: From Local Communities to Global Stability” at the conference “Cooperative Financial Institutions in the 21st Century for Global Economic and Social Development” in Rome. The event was organized with Università Cattolica del Sacro Cuore.
OtherDomestic cooperation
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2025-10-08•Italy•Bank of Italy
Andrea Brandolini, Head of the Bank of Italy’s Directorate General for Economics, Statistics and Research, testified before the Italian Senate and Chamber of Deputies during the preliminary review of the 2025 Public Finance Planning Document. His statement is available as an annex in Italian.
Policy & regulationGuidance & interpretationMonetary policy decisions and developments
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2025-10-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) reported increased enforcement in its 2024–25 annual report due to enhanced capabilities. ASIC recorded a 50% rise in investigations, a nearly 20% increase in new civil proceedings, and completed 829 surveillances. Key actions included ASX governance inquiries, enforcement against superannuation funds, and removing over 6,900 scam websites, resulting in AUD 104.1 million in civil penalties and AUD 16.8 million in criminal fines.
EnforcementEnforcement statisticsOther
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2025-10-08•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) participated in Customer Service Week 2025, emphasizing the importance of high-quality service in the insurance sector. TIRA highlighted its core values and the role of technology in enhancing service delivery and transparency. It also underscored the use of its zonal offices and online platforms to improve access to insurance services and regulatory information.
OtherConsumer and investor protection
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2025-10-08•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) outlined its official communication platforms for regulatory information and financial literacy support. The NSSMC website serves as the main source for decisions, news, and analytics, while social media channels and the "Contribution" portal provide additional resources for retail investors.
Financial literacy & educationFinancial literacy and education
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2025-10-08•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) warns of a surge in investment fraud via chat groups, where scammers impersonate experts to promote fake investments in crypto-assets and shares. These schemes often involve identity fraud and misuse of the AFM’s name, with tactics including unsolicited group additions and promises of high returns. The AFM advises verifying firm licenses and reporting fraud to authorities.
SupervisionAlertsFraud and scams
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2025-10-08•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS) participated in the 9th Annual Meeting of Insurance Intermediaries in Casablanca, emphasizing the importance of insurance intermediaries in the sector's value chain. ACAPS President Abderrahim Chaffai advocated for market consolidation beyond compulsory insurance, highlighting the potential of artificial intelligence to enhance efficiency and service quality if integrated responsibly.
Policy & regulationReform agendas & prioritiesArtificial intelligence
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2025-10-08•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Ministry of Creative Economy have launched the Infinity Hackathon OJK-Ekraf 2025 to boost the creative economy through digital innovation. The initiative seeks blockchain and Web3 solutions for financing and intellectual property challenges, addressing technical and regulatory hurdles like data integrity and legal compliance. It focuses on digital rights, transparent supply chains, DeFi, NFT monetisation, and Game-Fi, with broader collaboration on funding, competitions, digitalisation, and communication.
Policy & regulationImplementation, projects & pilots
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2025-10-08•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) held a public lecture on Islamic financial literacy at Universitas Muhammadiyah Purwokerto, highlighting Islamic insurance for prudent financial planning. The event included signing a "Synergy of Islamic Insurance" MoU to boost literacy and innovation. OJK emphasized Islamic insurance's principles of mutual help and risk sharing, with applications in Hajj travel cover, microinsurance, and agricultural protection.
Financial literacy & educationFinancial literacy and education
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2025-10-08•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia stressed the need for better financial education and digital literacy to safely use digital financial services and promote inclusive growth. Governor Trajko Slaveski linked rising inflation, interest rates, and digital services to the need for literacy to mitigate risks like online fraud and over-indebtedness. The bank also coordinates the WeFi Code, aiming to reduce the gender gap in finance access and support women's entrepreneurship.
Policy & regulationImplementation, projects & pilotsFinancial literacy and education
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2025-10-08•Georgia•National Bank of Georgia
Vice Governor Nino Jeladze of the National Bank of Georgia highlighted Georgia's financial literacy initiatives at an OECD conference in Sarajevo. She discussed the National Strategy for Financial Education and the NBG's Finedu initiatives, focusing on women and entrepreneurs. The conference, supported by the Netherlands Ministry of Finance and OECD/INFE, included participation from nine South-Eastern European countries.
Financial literacy & educationFinancial literacy and education
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2025-10-08•Indonesia•Bank Indonesia
Bank of Indonesia's September 2025 Consumer Survey indicates stable consumer confidence, with the Consumer Confidence Index at 115.0. The Current Economic Condition Index and Consumer Expectation Index also remained above 100, at 102.7 and 127.2 respectively, despite slight declines from the previous month.
Data & statisticsEconomic data and developments
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2025-10-08•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) is hosting 10 foreign insurance regulators in its Fall 2025 International Fellows Program, celebrating its 20th anniversary. Participants from eight countries will receive NAIC-led training and work placements within US state insurance departments to enhance their understanding of state-based insurance regulation. The program includes sessions on financial regulation, market conduct, licensing, and concludes with a focus on investment risks.
Policy & regulationCooperationCross-border cooperation
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2025-10-08•Europe•European Banking Authority
The European Banking Authority (EBA) released a final report evaluating how 40 EU and EEA competent authorities have addressed recommendations from six years of reviews on money laundering and terrorist financing risks in banks. The report finds improvement in AML/CFT supervision, with most authorities adopting a risk-based approach and enhancing coordination with domestic and international bodies. This report concludes the EBA’s review project and will inform the new EU Anti-Money Laundering Authority's future supervision efforts.
SupervisionReviews, inspections & stress testsAML and CFT
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2025-10-08•Norway•Department of Finance (Norway)
Norway's Department of Finance released a consultation paper proposing amendments to fund legislation to align with Directive (EU) 2024/927 (AIFMD 2.0) and update domestic regulations. Drafted by the Financial Supervisory Authority of Norway, the proposals include expanded provisions on liquidity management, investor information, outsourcing, and loan origination through alternative investment funds. The directive has been effective in the EU since April 2024, with EEA incorporation underway alongside national implementation.
Policy & regulationRules & requirementsRegulatory burden
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2025-10-08•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance emphasized capital market development at the Croatia–Slovenia forum as a funding and investment channel. It reported EUR 4.4bn mobilized through 16 retail government securities issuances, supported by digital platforms. The ministry announced the Strategic Framework for Capital Market Development 2025–2030 and the first Action Plan 2025–2026, focusing on digitalization, liquidity, governance, and regional connectivity to achieve emerging market status.
Policy & regulationReform agendas & prioritiesMarket development
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2025-10-08•Ghana•Securities and Exchange Commission Ghana
The Securities and Exchange Commission Ghana released its 2024 Annual Report, emphasizing its mandate under the Securities Industry Act, 2016 (Act 929) to regulate and promote a fair and transparent securities market. The report highlights the Commission's commitment to investor protection and market integrity.
Other
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2025-10-08•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance reported 43,533 successful out-of-court debt settlements totaling EUR 14.08bn by end-September, with a 79% approval rate. The ministry attributed the increased settlement pace to mandatory inclusion for eligible debtors, noting a 28% rise in average monthly settlements. Additionally, the non-performing loans ratio reached a historic low of 3.4% by mid-2025, while loan restructurings by servicers totaled EUR 3.2bn in the first half.
Data & statisticsLending
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2025-10-08•Sweden•Riksbank
Sweden's Riksbank supports the Ministry of Finance's proposal to establish a dedicated function for operational crisis management in the financial sector, led by the Riksbank. This aims to enhance coordination among authorities and firms during major incidents, clarifying roles between the Riksbank and the Swedish Financial Supervisory Authority. The Riksbank acknowledges potential costs for technical solutions and premises, while emphasizing the importance of maintaining its independence and the autonomy of other authorities.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2025-10-08•Austria•Austria Financial Market Authority
The Austria Financial Market Authority released the fifth episode of its “Reden wir über Geld” podcast, discussing crypto-assets and investor risks. The episode covers Bitcoin, blockchain, stablecoins, and how to evaluate crypto exchanges, with a focus on investor protection and custody considerations. It also highlights the "rug pull" fraud scheme and references a European Supervisory Authorities warning on crypto-asset risks.
Financial literacy & educationFraud and scams
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2025-10-08•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) reported a decrease in Hong Kong's foreign currency reserve assets to USD 419.2 billion at the end of September 2025, down from USD 421.6 billion in August. Including unsettled foreign exchange contracts, reserves were USD 418.9 billion. The HKMA also outlined the 2026 schedule for monthly reserve figures and reiterated its commitment to four monthly press releases on the Exchange Fund’s data.
Data & statisticsBalance of payments and other external statistics
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2025-10-08•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and social media impersonation targeting Fubon Bank (Hong Kong) Limited and Bank of Singapore Limited customers. The HKMA stressed that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information by phone, email, or SMS. Affected individuals should contact the relevant bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-10-08•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia has launched a GDP nowcasting tool on its website, offering a weekly estimate of Slovenia's economic growth using high-frequency data. Updated every Friday, the nowcast provides an average estimate and a range across 70 model specifications, reflecting uncertainty levels. The bank plans to enhance its website with more analytical tools in the future.
Data & statistics
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2025-10-08•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia's Financial Stability Review shows systemic risks to the banking system remain unchanged, with high resilience. Most risks, including credit, funding, interest rate, and real estate market risks, are moderate with stable outlooks, though some areas show increased vulnerabilities. The central bank stresses the need for preventive macroprudential policy amid ongoing international uncertainty.
SupervisionRisk monitoring & watch pointsCredit riskLiquidity riskFinancial stability and systemic risk
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2025-10-08•Indonesia•Ministry of Finance (Indonesia)
Indonesia's Ministry of Finance announced the appointment of Anggito Abimanyu as Chair of the Board of Commissioners of the Indonesia Deposit Insurance Corporation (LPS) under Presidential Decree Number 111/B of 2025. Finance Minister Purbaya Yudhi Sadewa emphasized continued coordination with LPS to enhance financial system stability and public confidence.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-08•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Annie Watkins under the Designated Businesses (Registration & Oversight) Act 2015, effective 7 October 2025, in accordance with section 12(1)(a).
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-10-08•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a sanctions update notice highlighting new information from the Isle of Man Treasury, Customs and Immigration Division on three financial sanctions regimes: Counter Terrorism (Domestic), Iran (Nuclear), and ISIL (Da’esh) and Al‑Qaida. The notice directs readers to the Isle of Man Government news releases for detailed changes and provides options for receiving ongoing notifications.
Policy & regulationGuidance & interpretationSanctions list update
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2025-10-08•Global•Bank for International Settlements
The Bank for International Settlements released a working paper analyzing consumer responses in Korea to a retail central bank digital currency (CBDC) using a discrete choice experiment. The study found that 19% of respondents preferred a benchmark CBDC design, with preference increasing to 27% with stronger incentives. Financial incentives were key drivers of choice, and preferences varied by age and payment method format.
ResearchCBDC
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2025-10-08•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan discussed a draft law for a modern resolution system for insolvent banks, aligning with international standards. The framework includes a three-level crisis-management architecture, enhanced early-intervention regime, and a Total Loss Absorbing Capacity (TLAC) requirement for systemically important banks. Direct state intervention is limited to systemic risk cases, ensuring transparency and adherence to the No Creditor Worse Off principle.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-10-08•Qatar•Qatar Central Bank
The Qatar Central Bank announced that international reserves and foreign currency liquidity reached QAR 261.1 billion in September 2025, marking a 3.1% increase from the previous year, with international official reserves rising 3.7% to QAR 201.5 billion.
Data & statisticsMonetary data
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2025-10-08•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities released studies and reports from its working groups, offering guidance on Islamic sukuk issuance, financial inclusion, foreign exchange interaction, FinTech cooperation, cybersecurity, and Know Your Customer requirements to enhance Arab capital markets.
Policy & regulationGuidance & interpretationFintech and insurtechMarket development
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2025-10-08•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) held an Emerging Risk training session via its Advanced Insurance Academy to enhance staff capabilities for digital-era changes. Attended by over 400 OIC executives and staff, it featured a keynote by Flash Express CEO Komsan Saelee on transforming organisational roles and integrating technology and data in the insurance sector. The programme is part of OIC's 2025 staff development plan and Competency Framework.
Institutional developmentCooperation & capacity buildingOther
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2025-10-08•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defence of Users of Financial Services (CONDUSEF) launched a nationwide outreach tour ahead of the 18th National Financial Education Week (SNEF) 2025, starting with university events in Puebla. In collaboration with Banamex and local universities, the programme includes sessions on financial skills, credit management, and retirement planning. The tour will continue in Guadalajara and other states leading up to the main SNEF event in Mexico City from 23 to 26 October.
Financial literacy & educationFinancial literacy and education
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2025-10-08•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against individuals falsely claiming association with Six Swiss Exchange and Wings Financial Services CC, using a fraudulent FSCA certificate. The FSCA confirmed these entities are not linked to the Telegram group soliciting investments and advised the public to verify authorisation status and avoid unsolicited financial offers.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2025-10-08•Jordan•Ministry of Finance (Jordan)
Jordan's Ministry of Finance announced an expert-level agreement with the IMF on the fourth review under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF), pending IMF management and Executive Board approval. If approved, the reviews would release SDR 97.784 million (USD 130 million) under the EFF and SDR 79.182 million (USD 114 million) under the RSF, focusing on fiscal correction, structural reforms, and sectoral resilience measures.
Policy & regulationImplementation, projects & pilotsEconomic data and developments
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2025-10-08•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina hosted a meeting with the National Bank of Moldova and the National Bank of the Republic of North Macedonia to enhance cooperation in financial stability, digitalisation, and financial literacy. Discussions included Bosnia and Herzegovina's integration into the Single Euro Payments Area (SEPA) and modern payment systems. The meeting emphasized collaboration and knowledge-sharing to align with European standards and promote financial inclusion.
Policy & regulationCooperationDomestic cooperationFinancial literacy and education
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2025-10-08•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has issued a tender to select an audit firm for auditing its consolidated financial statements from 2025 to 2029. The tender is limited to the top ten internationally recognised audit firms.
Institutional developmentProcurementLicence approval
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2025-10-08•Spain•Bank of Spain
The Bank of Spain's updated Financial Accounts for Q2 2025 show consolidated debt of non-financial corporations and households at EUR 1.741 trillion, or 106.5% of GDP, down from 110.5% a year earlier. Non-financial corporate debt rose to EUR 1.022 trillion, while household and NPISH debt increased to EUR 719 billion, both reaching historically low GDP ratios. Total financial assets for households and NPISH grew to EUR 3.284 trillion, with net financial wealth at EUR 2.497 trillion.
Data & statisticsEconomic data and developmentsFinancial and market indicators
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2025-10-08•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a circular advising authorized agent banks and their foreign exchange subsidiaries not to honor a lost Bangko Sentral Registration Document (BSRD) related to SCHNEIDER ELECTRIC S.A.'s investment. BSRD No. (DE/S) 97-000203 is linked to capital repatriation or earnings remittance, and a replacement has been requested. This directive aligns with Section 38 of the Manual of Regulations on Foreign Exchange Transactions.
Policy & regulationGuidance & interpretationOther
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2025-10-08•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam reported that the Residential Property Price Index (RPPI) for Q2 2025 rose to 96.5, marking a 1.5% year-on-year and 9.9% quarter-on-quarter increase. Mortgage data revealed 146 private residential property transactions, a 41.7% rise from Q1 2025, with detached houses comprising 60.3% of sales. The median purchase price increased to BND254,500, with most transactions occurring in Brunei Muara.
Data & statisticsFinancial and market indicators
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2025-10-08•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam will continue socialisation sessions for business machine owners following the launch of the New Family Banknotes Series. Machine owners are advised to complete calibration exercises to ensure compatibility with the new banknotes, which will circulate in the first half of 2026. Existing banknotes will remain legal tender alongside the new series.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-10-08•Estonia•Ministry of Finance (Estonia)
Estonia's Ministry of Finance will allocate fines to enhance financial crime prevention, detection, and investigation, including money laundering and cybercrime. A commission with Estonian and U.S. representatives will oversee project selection, with EUR 25.7 million supporting initiatives like corruption prevention, financial fraud awareness, and improved asset tracing. Key agencies involved are the Prosecutor’s Office, Police and Border Guard Board, and Financial Supervision Authority.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-10-08•South Africa•South African Reserve Bank
The South African Reserve Bank released settlement statistics for the South African Multiple Option Settlement (SAMOS) system for August 2025, noting 1,572,961 transactions totaling ZAR 16.76 trillion. Peak activity occurred on 29 August with 148,722 transactions valued at ZAR 1.16 trillion. Over the year from September 2024 to August 2025, SAMOS processed 17.45 million transactions worth ZAR 188.20 trillion.
Data & statisticsPayments and payment systems
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2025-10-08•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency issued a circular to investment firms and banks clarifying obligations under Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector. The circular addresses issues identified in supervisory work, including misunderstandings about SFDR applicability and publication requirements, as well as concerns over disclosure clarity.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-10-08•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has appointed Dr. Philip Stevens as Chief Economist to enhance its research-driven and data-led regulatory approach, starting in November under Chief Executive Samantha Barrass.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-08•Philippines•Central Bank of the Philippines
The Bangko Sentral ng Pilipinas (BSP) held its 2025 Outstanding BSP Stakeholders Appreciation Ceremony in Iloilo City, recognizing 10 institutional partners for contributions to financial inclusion, education, currency management, digital payments, and gold buying. The ceremony is part of a longstanding program to honor partners supporting BSP's mandates, following similar events across other regions.
Other
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2025-10-08•Europe•European Central Bank
The European Central Bank's Working Paper No. 3135 examines climate-related risks on sovereign bond pricing in 52 economies from 2000 to 2023. It finds that transition risks, indicated by carbon dioxide emissions per capita, correlate with higher 10-year sovereign yields, especially in emerging markets and high-emitting countries post-Paris Agreement. Acute physical shocks affect yields variably, with droughts and storms causing significant increases, particularly in fiscally constrained settings.
ResearchClimate risk and sustainable finance