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2025-10-08•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission updated details for seven individuals under the UK ISIL (Da’esh) and Al-Qaida (Sanctions) (EU Exit) Regulations 2019, maintaining their asset freeze status. Businesses must verify and freeze assets related to these individuals and report findings to the States of Guernsey Policy & Resources Committee. Affected firms must also notify the Commission and submit a report under Handbook Rule 12.37.
EnforcementSanctions & designationsSanctions list update
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2025-10-08•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission will host a Digital Forum roundtable on 22 October, focusing on digital asset custody. The session will explore opportunities, impediments, and optimal regulatory frameworks for digital asset custody and related activities in the Bailiwick.
Policy & regulationImplementation, projects & pilotsClient asset custody and safekeeping
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2025-10-08•Cambodia•Securities and Exchange Regulator of Cambodia
H.E. Sou Socheat, Director General of the Securities and Exchange Regulator of Cambodia, attended the listing ceremony of ACLEDA Bank Plc’s subordinated bond. He was joined by Deputy Director General H.E. Seang Thirith and colleagues from the Securities Issuance Supervision Department.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-08•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said its Securities Superintendency is moving ahead with a risk-based supervision model for the securities market with Inter-American Development Bank support. As part of that work, Paraguayan staff joined a Sept. 22-24 virtual exchange with Colombia’s Financial Superintendence on supervisory frameworks, key risk areas, monitoring and analytical tools.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-10-08•Ukraine•Ministry of Finance (Ukraine)
Ukraine's Ministry of Finance announced the passage of draft law No. 11238, establishing a National Development Institution (NDI) to enhance financial support for small and medium-sized enterprises (SMEs) via the Business Development Fund. The NDI will operate as a special-status, non-profit financial institution with governance aligned to Germany’s KfW, supported by a EUR 40.5 million grant from KfW and an anticipated USD 100 million from the World Bank.
Policy & regulationRules & requirementsSME financing
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2025-10-08•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) announced actions to enhance transparency and compliance in Ontario's exempt market, targeting non-reporting issuers using the offering memorandum (OM) prospectus exemption. The OSC will publish an annual financial statements non-delivery list and scrutinize exempt market dealers' know-your-product practices. Recent compliance deficiencies have led to the suspension of an exempt market dealer and its chief compliance officer.
SupervisionReviews, inspections & stress testsRegulatory burdenCompliance
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2025-10-08•Switzerland•Swiss National Bank
The Swiss National Bank has selected six finalists in its design competition for a new banknote series, following a public survey and expert evaluation. The final phase will consider designer cooperation and commercial aspects, with the Bank Council making the final decision. The new banknotes are expected to be issued in the early 2030s.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-08•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) warned that Bitrue, operated by straLink Innovations Technologies Limitada, is not licensed to provide virtual asset services in Seychelles under the Virtual Asset Service Providers Act, 2024. The FSA clarified that the company has no legal or operational ties to Seychelles despite contrary claims. The FSA advises the public to verify the authorization of virtual asset service providers and report suspected unlicensed activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-08•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission reported that the Anti-Money Laundering Council (AMLC) has frozen over PHP 4 billion in assets linked to alleged fraudulent flood-control projects. The AMLC secured freeze orders on various assets and has entered a memorandum of agreement with the Independent Commission for Infrastructure to enhance investigations, including operational support, information exchange, and joint training on money laundering and terrorism financing trends.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-10-08•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic approved Ikramov Dilshod Shukhratovich as an independent board member and chair of the risk management committee at Kyrgyzkommerzbank.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-10-08•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic has approved recommendations for unified API standards in banking and payment services, including payment initiation and open APIs for information exchange. These standards are available on the central bank's website. A workshop, supported by the International Finance Corporation, was held to guide payment system participants on applying these standards and selecting fintech use cases for piloting.
Policy & regulationRules & requirementsOpen banking and finance
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2025-10-08•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic annulled the licence of the currency exchange bureau LLC “Kalmuratov LTD” for its location in Talas Region, Manas District. The decision followed an application submitted on 7 October 2025.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-08•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic annulled the accounting registration certificate of the public foundation microcredit agency NORD TALAS, effective 7 October 2025. This follows the founders' decision on 1 October 2025 to enter voluntary liquidation.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-10-08•Russia•Central Bank of Russia
The Central Bank of Russia announced that over 1.1 million people participated in an online poll to select symbols for a RUB 500 banknote dedicated to the North Caucasian Federal District. Popular choices for the front include the Academic Gallery and Mount Beshtau, while Mount Elbrus and Grozny City lead for the back. Deputy Governor Sergey Belov stated that the winning symbols could serve as either the central motif or a background ornament.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-08•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Royal Canadian Mounted Police’s Integrated Market Enforcement Team in Calgary charged Mark Douglas Alexander, founder of Canadian Wealth Strategies Capital, with money laundering and fraud, supported by the Financial Transactions and Reports Analysis Centre of Canada. Alexander allegedly misappropriated over 10 million CAD from investors, transferring funds to personal accounts and cryptocurrency exchanges. A Canada-wide arrest warrant was issued on 9 September 2025.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-10-08•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) has proposed amendments to its financial statement reporting rules, updating templates to align with Sweden’s new Standard Industrial Classification (SNI 2025). Changes include revising counterparty classifications and removing three data items related to nominee-registered assets. The amendments are set to take effect on 31 December 2025.
Policy & regulationRules & requirementsRegulatory reporting
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2025-10-08•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that DeltaChainX is not registered to deal or advise in securities in New Brunswick. The Commission advises investors to avoid unregistered firms due to insufficient investor protections and recommends using the National Registration Search tool for guidance on crypto asset trading platforms.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-08•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission issued an alert warning investors about unregistered crypto asset trading platforms DeltaChainX and XBO Invest. Investors are advised to avoid these firms as they are not registered to deal or advise in securities in New Brunswick, and protections may not apply. The Commission recommends using the National Registration Search tool to verify registration status.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-08•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission warned against XBO Invest, unregistered to deal or advise in securities in New Brunswick. The alert notes multiple aliases and URLs used by the firm and references similar warnings from other Canadian regulators. Investors should verify registration status via the National Registration Search tool and follow guidance to avoid fraud in crypto asset trading.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-08•Iceland•Central Bank of Iceland
The Central Bank of Iceland's Monetary Policy Committee has maintained the key policy rate at 7.50%, citing inflation at 4.1% in September and ongoing economic slowdown, with future rate cuts contingent on inflation aligning closer to the 2.5% target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2025-10-08•United States•Federal Reserve Board
Federal Reserve Board Governor Michael S. Barr discussed how technology, including AI, is transforming community banking and introducing new operational, fraud, and cybersecurity risks. He emphasized adopting technology to enhance customer relationships and highlighted concerns over third-party risk management and competitive pressures from nonbank services. Barr warned of AI-driven economic disruptions and criticized proposed rollbacks in capital standards and supervisory frameworks for large banks.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-10-08•United States•Federal Reserve Board
Federal Reserve Board Governor Michael S. Barr stressed the need for timely, high-quality data for Native peoples to address economic disparities. Speaking at the Center for Indian Country Development's tenth anniversary, Barr highlighted CICD's research contributions and the Federal Reserve's community development efforts. He noted challenges like lower household income, high poverty, and limited financial access on reservations, emphasizing improved data collection and analysis.
ResearchFinancial inclusion
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2025-10-08•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board issued an audit risk alert on deficiencies in auditors' evaluations of acquisitions with little operating history or value, often impaired by year-end. Linked to concerns from the Canadian Securities Administrators, it emphasizes inadequate identification of fraud risk factors and insufficient audit procedures, especially in venture-market acquisitions with inflated prices and misleading disclosures. CPAB advises auditors to involve specialists and reassess audit opinions when evidence is insufficient.
Policy & regulationGuidance & interpretationFraud and scams
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2025-10-08•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board issued a supervisory communication on group financial statement audits, highlighting inspection observations on the revised Canadian Auditing Standard 600. It identifies recurring weaknesses, such as insufficient understanding of group structure, inadequate risk assessments, and oversight issues, especially in high-risk areas like revenue and cost of sales. Audit firm leadership is advised to share findings with engagement teams to enhance audit quality.
SupervisionReviews, inspections & stress testsAuditing
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2025-10-08•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board (CPAB) issued an audit risk alert about acquisitions of businesses or assets with little or no operating history, highlighting auditors' failure to consistently identify and respond to potential fraud risks. Linked to the Canadian Securities Administrators’ July 2025 notice, the alert emphasizes the need for auditors to scrutinize economic substance, unusual terms, and potentially misleading disclosures. CPAB advises obtaining further evidence when necessary and will continue monitoring these issues.
Policy & regulationGuidance & interpretationFraud and scams
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2025-10-08•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) has designated Jennifer Crosthwaite as a Senior National Bank Examiner, recognizing her distinguished performance in bank supervision. Crosthwaite, who joined the OCC in 1984, has extensive experience across various business lines and currently serves as Examiner-in-Charge at Wells Fargo Bank, N.A.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-08•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) President Roberto E. Silva discussed the regulator's tokenization efforts and capital markets modernization at Marval Fast 2025. Silva highlighted CNV's adoption of General Resolutions No. 1069 and No. 1081 as part of aligning Argentina's capital markets framework with international standards. The event also addressed open finance, digital payments, and artificial intelligence.
Policy & regulationRules & requirementsFintech and insurtechTokenization
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2025-10-08•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority has completed and launched an enterprise resource planning system to enhance institutional efficiency and modernize administrative services. This initiative aims to advance digital transformation by increasing productivity and streamlining procedures.
Institutional developmentTechnology & data transformationOther
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2025-10-08•Vietnam•State Bank of Vietnam
The State Bank of Vietnam issued Circular 32/2025/TT-NHNN, revising the process for developing and issuing normative legal documents in monetary policy, banking, and foreign exchange. Key changes include simplified drafting steps, enhanced consultation methods, and increased transparency. The circular also introduces new provisions for Party leadership, agency accountability, and special procedures, effective 15 November 2025.
Policy & regulationRules & requirementsOther
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2025-10-08•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has directed credit institutions and foreign bank branches to implement support measures for borrowers affected by Typhoon No. 10 and subsequent flooding. Relief measures include restructuring repayment schedules, interest waivers or reductions, and extending new loans. Regional branches are tasked with coordinating local implementation and proposing additional support solutions.
Policy & regulationGuidance & interpretationOther
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2025-10-08•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and Agribank will host service points at Hanoi branches, collaborating with the Hanoi Public Administration Service Center and Tran Anh Law Company Limited. This initiative aims to streamline secured lending workflows by reducing processing times and rework rates through standardized guidance and a unified location for banking and administrative tasks.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-08•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority (QFMA) completed its Enterprise Resource Planning (ERP) system project, aiming to modernize internal operations. The ERP system is expected to enhance institutional performance and streamline administrative services as part of QFMA's digital transformation efforts.
Institutional developmentTechnology & data transformationOther
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2025-10-08•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance highlighted Superintendent Guillermo Plate's participation in the XXXV Ibero-American COPAPROSE 2025 Congress, emphasizing insurer solvency, a flexible regulatory framework, and market transparency. Plate underscored the importance of clear rules and cooperation among regulators, insurers, and producers to enhance market sustainability. COPAPROSE recognized Plate for his contributions to the insurance industry.
Other
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2025-10-08•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury announced updates to two entries under the Iran (Nuclear) sanctions regime, aligning with changes to the UK Sanctions List. Post Bank of Iran and Sina Bank remain designated and subject to an asset freeze under the Iran (Sanctions) (Nuclear) (EU Exit) Regulations 2019. Institutions must freeze assets, avoid unauthorized transactions, and report to the Financial Intelligence Unit.
Policy & regulationRules & requirementsSanctions list update
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2025-10-08•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury amended seven entries on the UK Sanctions List under the ISIL (Da'esh) and Al-Qaida regime, maintaining an asset freeze on listed persons. Institutions must freeze assets immediately if a match is suspected, review identifying information, and report to the Financial Intelligence Unit. Breaching or attempting to circumvent sanctions is a criminal offence, and screening should include entities owned or controlled by listed persons.
Policy & regulationGuidance & interpretationSanctions list update
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2025-10-08•Turks & Caicos Islands•Turks & Caicos Financial Services Commission
The Turks and Caicos Islands Financial Services Commission has revised the submission process for land holding share transfer duty applications. Both applications and related duty payments must now be submitted directly to the Turks and Caicos Islands Government Treasury Department.
Policy & regulationRules & requirementsOther
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2025-10-08•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago has appointed seven new non-executive members to its Board of Directors for a three-year term starting 12 September 2025. The new appointees include Dr. Anne-Marie Mohammed, Mrs. Anna-Marie Metivier-Hernandez, Dr. Indera Sagewan, Mr. Mahindra Maharaj, Mr. Rawlston Singh, Dr. Tricia Pirali, and Ms. Vyjanti Beharry.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-08•United Arab Emirates•Dubai International Financial Centre
The Dubai International Financial Centre (DIFC) announced its DIFC Employee Workplace Savings (DEWS) scheme has surpassed USD 1 billion in assets, with over USD 340 million paid to savers. Launched in February 2020, DEWS replaced the traditional gratuity system with a fully funded workplace savings plan for end-of-service benefits. The scheme includes 2,726 employers and 74,323 individuals, with Equiom as master trustee, Zurich Workplace Solutions (Middle East) as plan administrator, and Mercer managing the funds.
Policy & regulationImplementation, projects & pilotsOther
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2025-10-08•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE hosted the Central Bank Data Leaders and Professionals Conference in Abu Dhabi, focusing on data's strategic role in central banking. Discussions included data-driven innovation, international cooperation, AI integration, and data management architecture. The CBUAE announced completing the first phase of its central data management platform, enhancing SupTech operations and AI integration with 20 machine learning applications and over 60 AI models to improve supervisory reporting and risk management.
Institutional developmentTechnology & data transformationArtificial intelligenceData management
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2025-10-08•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde has issued a public warning that Ourivesaria Sofia, Sociedade Unipessoal, Lda., trading as "Nova Câmbios", is not authorized to conduct foreign currency exchange or any financial activities. This follows the firm's unauthorized offering of such services despite a refusal of their authorization request. The warning is based on the Bank's supervisory powers under its Organic Law and the financial system's legal framework.
SupervisionAlertsLicence approval
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2025-10-08•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde issued a public warning against OPTCOIN for offering services involving the receipt of repayable funds without the necessary authorisation. OPTCOIN, reportedly operating from Praia, Santiago Island, is not registered with the central bank and is not authorised to conduct any financial activities. The Bank emphasized its supervisory authority under relevant financial laws.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-07•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro, in collaboration with the Government of Montenegro and the EU Delegation, announced the launch of Montenegro's first Single Euro Payments Area (SEPA) transactions. This integration allows Montenegrin banks to participate in SEPA, enabling citizens and businesses to conduct euro transactions under uniform rules. ECB President Christine Lagarde confirmed all 11 Montenegrin banks are now part of SEPA, enhancing transaction speed, security, and cost-effectiveness.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-10-07•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority announced board changes, appointing Jesper Hjortenberg as a new member and reappointing Peter E. Storgaard. Karen Dortea Abelskov joins as an observer, replacing Steen Lohmann Poulsen.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-07•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved a prospectus for Touristinvest AD's BGN 10 million bond issue for regulated market trading and registered the issuer and bonds. Additionally, Silvia Kovacheva was approved as head of internal audit at PHOENIX RE PLC AD, and further information was requested from Karoll Capital Management EAD regarding a mutual fund transformation permit.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-07•India•Reserve Bank of India
The Reserve Bank of India has expanded the Reserve Bank Integrated Ombudsman Scheme, 2021 to include State and Central Co-operative Banks as "Regulated Entities" effective 1 November 2025. The updated list now covers all commercial banks, regional rural banks, state and central co-operative banks, scheduled and non-scheduled primary (urban) co-operative banks with deposits of INR 50 crore and above, and non-banking financial companies with a customer interface and assets of INR 100 crore and above, excluding housing finance companies.
Policy & regulationRules & requirementsComplaints and dispute resolution
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2025-10-07•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported that Ukraine's international reserves reached USD 46,518.6 million as of 1 October 2025, marking a 1.1% increase from September. This growth was primarily due to inflows from international partners and reduced net foreign exchange sales by the NBU. The reserves cover 5.1 months of future imports, with detailed monthly data publication schedules outlined by the NBU.
Data & statisticsBalance of payments and other external statistics
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2025-10-07•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico's National Banking and Securities Commission (CNBV) joined the "Ring the Bell for Financial Literacy 2025" event at the Mexican Stock Exchange, part of a global initiative by the World Federation of Exchanges. CNBV President Ángel Cabrera Mendoza emphasized financial education and inclusion as essential for a robust and equitable financial system.
Financial literacy & educationFinancial literacy and education
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2025-10-07•Belgium•Belgium Financial Services and Markets Authority
Belgium's Financial Services and Markets Authority (FSMA) released an analysis on how listed companies communicate about transactions, focusing on mandatory disclosures of material deals and voluntary press releases on non-material deals. The review evaluates the number, types, and materiality of disclosed deals, emphasizing the importance of financial information for investor understanding.
SupervisionReviews, inspections & stress testsDisclosures
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2025-10-07•Kuwait•Kuwait Capital Markets Authority
The Capital Markets Academy of the Kuwait Capital Markets Authority signed an agreement with Boubyan Bank to collaborate on financial-sector training and research, focusing on securities activity awareness. The partnership aims to develop investment skills through specialised programmes and leverage Boubyan Bank's expertise. It includes technical exchanges, professional certifications, and field training opportunities, with plans for joint awareness activities under the CMA's financial inclusion project.
Policy & regulationCooperationCapacity building
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2025-10-07•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) will release the first results for the EU's new single volume cap mechanism (VCM) on 9 October. The VCM limits trading under the reference price waiver to 7% of the total EU trading volume over the past 12 months for each equity and equity-like instrument. If exceeded, trading venues must suspend the waiver for three months based on ESMA's data, replacing the previous double volume cap.
Policy & regulationImplementation, projects & pilotsTrading
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2025-10-07•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) has issued a resolution to simplify the listing of investment funds in Italy, aligning national requirements with EU standards. Key changes include removing the listing document requirement for certain exchange traded funds (ETFs) and adjusting prospectus information for Italian funds. The resolution follows market consultation feedback and applies immediately to ongoing listing procedures.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-10-07•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) warned against Aaron Venture Capital and Aurora Capital Venture, stating they are not authorised to provide investment services in Belgium and may be operating as boiler rooms. The FSMA advised consumers to avoid engaging with these firms and transferring funds to their accounts, highlighting the risks of unsolicited investment offers and the importance of verifying firm authorisation.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-07•Italy•Bank of Italy
The Bank of Italy's research paper examines if sustainable equity investment strategies in the euro area show an "equity greenium," defined as a return differential compared to the market index. The study finds that sustainable equity returns differ from market returns due to financial risk factors rather than an investor "preference premium" for ESG themes. It highlights the potential for unpriced risks and changing investor preferences to impact prices and market equilibria, suggesting the need for monitoring.
ResearchESG
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2025-10-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced that Antonio Stella has been sentenced to 11 months in prison and fined AUD 225,447.24 for insider trading involving Cann Group Limited shares. Stella, who pleaded guilty, engaged in trading activities that yielded a profit of AUD 204,490 and avoided losses of AUD 20,986. The case was prosecuted by the Commonwealth Director of Public Prosecutions after an ASIC investigation.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-10-07•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand will establish a Financial Policy Committee to make key financial stability policy decisions, including setting prudential requirements and macroprudential tools. The committee will include the RBNZ Board Chair, the Governor, three other board members, and up to two external experts, with operations expected to begin in early 2026.
Institutional developmentMandate & organizational structureMandate change
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2025-10-07•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority issued a pre-launch update for its Insurance Market Performance Report 2024, highlighting key indicators from the 2023 report and announcing the 2024 report launch in Dodoma. The 2023 report noted growth in insurance service providers, policyholders, premiums, and claims, aiming to increase insurance usage to 50% by 2050. The launch will coincide with the opening of TIRA BIMA HOUSE and will be streamed online.
Data & statisticsActivity and performance reporting
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2025-10-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market published an independent consultant's audit confirming selected employees' compliance with relevant legislation and internal regulations. A brief report of the findings is available.
SupervisionReviews, inspections & stress testsAuditing
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2025-10-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted decisions on rulemaking and market registrations, including amendments to its 2025 Plan of Normative Activities and Ukraine's audit framework. It registered changes to share issue documents for JSC INSURANCE COMPANY KRAINA and JSC ZNVCIF ENLIV, while canceling registrations for PZNVIF Vector and PZNVIF Monolith. The Commission also approved the appointment of the Director of AMC ALTARES CAPITAL LLC.
Policy & regulationRules & requirementsAuditing
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2025-10-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has revised regulations for collective investment institutions (CII) to enhance transparency and reflect supervisory experience. The amendments specify conditions for reducing asset values, including overdue receivables and assets in conflict zones or under sanctions. They also provide detailed guidelines for asset revaluation and markdowns.
Policy & regulationRules & requirementsValuation
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2025-10-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market issued an investor warning about 450 potentially risky financial projects. The warning identifies common red flags such as missing licences, lack of transparency, aggressive advertising, and promises of high returns. Investors are urged to conduct further checks or avoid investing if uncertainties persist.
SupervisionAlertsFraud and scams
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2025-10-07•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank's Steven Maijoor emphasized at AFME’s OPTIC event that new technology, particularly distributed-ledger technology (DLT), could reduce fragmentation in European financial markets with reliable infrastructure and effective regulation. He highlighted the planned T+1 settlement cycle and DNB's involvement in ECB trials for DLT-based securities settlement as steps towards market efficiency. Maijoor also stressed the importance of robust rules for stablecoins, noting the EU's implementation of Financial Stability Board guidelines through the Markets in Crypto-Assets Regulation (MiCAR).
Policy & regulationGuidance & interpretationFintech and insurtechStablecoins
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2025-10-07•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority (CMA) is consulting on draft instructions for "simplified investment funds" to reduce costs and increase flexibility in fund structuring and management. Proposals include limiting offerings to eligible client categories, waiving custodian requirements for special purpose entities, and allowing offerings to non-resident foreign investors and government entities. The CMA seeks feedback before finalizing the amendments.
Policy & regulationRules & requirementsMarket development
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2025-10-07•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) announced an enforcement update on its fine against Tradition Securities and Futures S.A. (TSAF) for not submitting compliance questionnaires under the Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act 1977. The Rotterdam District Court upheld the fine but reduced it from EUR 500,000 to EUR 100,000. The AFM highlighted TSAF's previous warning for a similar breach and the legal obligation under Article 5:20 of the General Administrative Law Act to cooperate promptly.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-10-07•Latvia•Central Bank of Latvia
The Central Bank of Latvia released an explainer on maintaining access to critical financial services and payment resilience during crises, highlighting the role of cash and offline card payments. It reviewed critical services from major banks and emphasized strengthening cash access infrastructure and offline payment capabilities. The digital euro is noted as a potential option to enhance resilience, with features like offline storage and instant payments.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-10-07•Latvia•Central Bank of Latvia
The Central Bank of Latvia released an expert overview on Bulgaria's planned euro area entry, scheduled for 1 January 2026 at a fixed rate of 1.95583 leva per EUR. The overview details changeover arrangements, including dual cash circulation until the end of January 2026 and free banknote exchange for six months. It addresses inflation concerns, citing other countries' experiences to dismiss fears of post-accession price increases.
Monetary policyMonetary policy assessments & outlooksOther
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2025-10-07•Indonesia•OJK
The Indonesia Financial Services Authority (OJK) conducted the SICANTIKS programme in Banten to enhance women's role in Islamic financial literacy and combat rising financial crime. OJK highlighted the disparity between Islamic finance literacy and inclusion indices and national averages, emphasizing vulnerability to digital financial crimes. The initiative is part of broader efforts, including FEBIS, EPIKS, and the Indonesia Anti-Scam Center, which prevented IDR 2.25 billion in fraud losses.
Financial literacy & educationFinancial literacy and education
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2025-10-07•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) outlined its strategy to boost financial-sector resilience amid digital disruption and geopolitical shifts at the 3rd OJK International Research Forum 2025. OJK Chair Mahendra Siregar emphasized balancing technological opportunities with risk management, while Vice Chair Mirza Adityaswara highlighted the rising demand for AI specialists and the importance of reskilling. OJK is developing AI governance policies for banking and has implemented AI internally through OSIDA for data-driven supervision.
Policy & regulationReform agendas & prioritiesFintech and insurtechArtificial intelligence
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2025-10-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has approved Cboe Australia's application to operate a listing market, allowing it to list new companies and compete with the Australian Securities Exchange. This aims to expand listing and investment options in Australia, including more initial public offerings and dual-listed foreign entities. Cboe, which accounts for about 20% of Australian equity market turnover, will become the fourth market licensed to list securities in the country.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-10-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released Report 817, highlighting significant non-compliance among auditors with independence and conflict of interest obligations. The review found 15 auditors likely breached rotation requirements, relationship prohibitions, or provided prohibited non-audit services, with none reporting potential breaches to ASIC. Consequences included registration cancellations, fines, and enforceable undertakings, with further inquiries ongoing.
EnforcementInvestigations & enforcement actionsAuditing
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2025-10-07•Georgia•National Bank of Georgia
The National Bank of Georgia (NBG) warned against using unregistered Virtual Asset Service Providers (VASPs), stressing that only registered entities can offer such services. The NBG emphasized its supervisory role, including registration, anti-money laundering oversight, and sanctions, cautioning that unregistered providers could cause financial loss. The public is urged to verify providers' status and report suspected unregistered activities for potential law enforcement action.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-07•Indonesia•Bank Indonesia
Bank of Indonesia reported a decrease in official reserve assets to USD 148.7 billion at end-September 2025 from USD 150.7 billion at end-August 2025, due to government external debt repayments and rupiah stabilisation efforts. Despite the drop, reserves cover 6.2 months of imports, exceeding the international benchmark of three months. The central bank anticipates continued external sector resilience, bolstered by strong export prospects and a surplus in the capital and financial account balance.
Data & statisticsBalance of payments and other external statistics
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2025-10-07•Europe•European Banking Authority
The European Banking Authority (EBA) has initiated an open selection process to appoint a new Chairperson, emphasizing merit, skills, and relevant experience. The Council of the European Union will make the appointment after European Parliament confirmation, with the vacancy notice available in all EU official languages on the EBA website.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-10-07•Lithuania•Bank of Lithuania
The Bank of Lithuania's review of the banking sector for H1 2025 highlights continued growth in lending and deposits, with sector profits reaching EUR 537 million, driven largely by Revolut's expansion. Despite strong profitability and capitalisation, profitability ratios are declining due to rapid asset growth and lower interest rates, with higher credit risk-taking noted among less significant banks. The sector's capital adequacy fell to 22.9%, while the liquidity coverage ratio rose to 468%.
SupervisionRisk monitoring & watch pointsLendingAsset qualityCapital adequacy
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2025-10-07•United States•Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority’s Investor Education Foundation released preliminary findings from its National Financial Capability Study, highlighting weak recognition of investment fraud signs among U.S. retail investors. The study found 50% of surveyed investors would invest in a hypothetical guaranteed, risk-free 25% annual return, with higher susceptibility among younger, less experienced investors and those engaged in high-risk assets. Reliance on social media for financial advice was linked to increased willingness to invest in such offers.
ResearchConsumer and investor protection
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2025-10-07•Australia•Australian Prudential Regulation Authority
APRA issued a letter to superannuation platform trustees urging enhanced safeguards for members' investments following ASIC's investigation into investment scheme collapses and Macquarie's compensation commitment. The review, covering trustees managing nearly 95% of platform assets, highlighted the need for improved onboarding, monitoring, and member outcomes. APRA plans to intensify supervision, potentially revise prudential standards, and coordinate with ASIC while engaging with trustee CEOs.
SupervisionInterventionsSupervision process and methodologies
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2025-10-07•France•Bank of France
The Bank of France and Allianz France showed that regulatory reporting via OneGate can be secured with post-quantum cryptography (PQC) without altering existing systems. The pilot used PQC algorithms standardized by the National Institute of Standards and Technology, employing a hybrid tunnelling approach to enhance security against interception risks. The report advocates for crypto-agile architectures and phased migration planning, aligning with the Bank's ongoing PQC initiatives since 2022.
Policy & regulationImplementation, projects & pilotsQuantum computing
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2025-10-07•France•Bank of France
The Bank of France's Observatoire des tarifs bancaires 14th annual report shows a 3.1% increase in retail banking fees from June 2024 to June 2025, with a 17.6% rise over the past decade, below the 20.8% consumer price inflation. Account maintenance fees rose by 8.95% on average, while international payment cards increased by 2.9%. Overdraft charging practices remained stable, and the Treasury Directorate General will include minimum charges in the annual percentage rate calculation under Directive (EU) 2023/2225.
Data & statisticsActivity and performance reporting
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2025-10-07•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) released its September 2025 Portuguese capital market benchmarks and encouraged stakeholders to subscribe to email updates from its Institutional and Investor Portals.
Data & statisticsFinancial and market indicatorsRegulatory reporting
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2025-10-07•Latin America•Financial Action Task Force of Latin America (GAFILAT)
GAFILAT held a workshop in Bogotá to enhance Financial Intelligence Units' (FIUs) role in strategic analysis and intelligence generation. Part of Guatemala's 2025 GAFILAT Presidency Action Plan, it included discussions on integrating FIU intelligence into supervisory and prosecutorial activities. Two more sessions are planned to strengthen the regional financial intelligence value chain.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-10-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Charles Fargher B.A., F.C.A. 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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2025-10-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Andrew Charles Quayle 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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2025-10-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Highbury Accounting Solutions Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 6 October 2025, in accordance with section 12(1)(a) of the Act.
SupervisionAuthorisations & approvalsAML and CFTOther
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2025-10-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered NE Play Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 6 October 2025, pursuant to section 12(1)(a).
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-10-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered International Personnel Solutions Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 6 October 2025.
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-10-07•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 proposed reforms to align the bank resolution framework with international standards. The draft Banks law introduces predefined crisis stages, mandatory recovery and resolution planning, and emphasizes loss allocation to shareholders and investors over public support. It clarifies institutional roles, limiting state involvement to systemically important banks under strict conditions.
Policy & regulationRules & requirementsFinancial stability and systemic riskPrudential risks
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2025-10-07•Ghana•Bank of Ghana
The Bank of Ghana plans to start foreign exchange intermediation under the Domestic Gold Purchase Programme in October 2025, selling USD 1.15 billion through spot auctions. The Monetary Policy Committee cut the policy rate by 350 basis points to 21.5%, with early effects seen in lower Treasury bill and lending rates. New prudential measures were introduced, and the transition period for the Outsourcing Directive was extended to end-December 2025.
Monetary policyMonetary policy instruments & operationsMonetary policy decisions and developments
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2025-10-07•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has introduced the "OIC ESG Empower" policy to integrate environmental, social, and governance (ESG) principles into its operations. The policy includes a framework with three pillars: Environment, Social, and Governance, supported by an ESG monitoring system, annual targets, and training. The OIC aims to become a Green Office and will set ESG-related Objectives and Key Results (OKRs) for the first time in 2025.
Institutional developmentGovernanceESG
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2025-10-07•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait issued a public warning against unlicensed banking or financial activities, urging individuals and entities to report suspected cases through dedicated channels. The CBK emphasized the risks of money laundering, terrorist financing, and potential financial losses, along with adverse impacts on Kuwait's economy.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-10-07•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) clarified it has not received or approved any application for the registration of a KwaZulu-Natal CoGTA Pension Fund for Amakhosi. Amakhosi Wealth Management (Pty) Ltd was authorized on 21 August 2025 to offer services in Long-term Insurance (Subcategory A) and Friendly Society Benefits. The FSCA advised the public to verify information on registered pension funds and licensed providers via its official website.
SupervisionAlertsLicence approval
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2025-10-07•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) released Communication 19 of 2025 detailing its consultation process for the proposed cross-sectoral OMNI-Risk Return for financial institutions. This initiative aims to improve risk reporting and supervisory oversight across regulated entities.
Policy & regulationRules & requirementsRegulatory reporting
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2025-10-07•Europe•European Central Bank
The European Central Bank released euro area financial accounts for Q2 2025, highlighting a 2.5% annual increase in household financial investment and a stable 1.3% rise in non-financial corporations' financing. Household gross disposable income grew 3.2%, while the debt-to-income ratio decreased to 81.5%. The consolidated non-financial corporations' debt-to-GDP ratio fell to 66.5%, with revisions to data since Q1 2021 included.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-10-07•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan and the European Bank for Reconstruction and Development (EBRD) discussed expanding cooperation and EBRD technical assistance for financial-sector reforms. Key topics included enhancing regulatory mechanisms, monetary policy, financial markets, and operational risk management. Recent outcomes highlighted include progress in monetary policy, corporate governance, and green finance initiatives.
Policy & regulationCooperationLeadership change and appointments
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2025-10-07•Spain•Bank of Spain
The Bank of Spain's 2024 report on the Central Credit Register (CIR) shows a 1.2% increase in reported credit operations to over 62 million, with a drawn outstanding balance of EUR 2.2 trillion, up 2.4%. Entities submitting information rose by 14%, and lender requests for creditworthiness reports increased by 23% to 7 million. Under its Strategic Plan 2030, the CIR aims to enhance data quality and scalability through technology, enabling greater use of granular data and reducing reporting burdens.
Data & statisticsSupervisory data
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2025-10-07•United Arab Emirates•National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)
The UAE National AML/CFT Committee’s General Secretariat reviewed implementation of the 2024–2027 national strategy and began planning the next cycle. Officials agreed to accelerate the National Action Plan, strengthen coordination and data sharing, and align follow-up work with FATF submissions and the National Risk Assessment.
Policy & regulationImplementation, projects & pilotsAML and CFTCyber resilienceBlockchain and distributed ledger technology
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2025-10-07•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) launched the Foreign Currency Settlement System (FCSS) for GIFT IFSC, enabling local settlement of foreign currency transactions initially in USD. Operated by CCIL IFSC Limited with Standard Chartered Bank’s IFSC Banking Unit as the settlement bank, it aims to reduce settlement timelines compared to correspondent banking routes. Additional foreign currencies are expected to be added over time.
Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket infrastructure
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2025-10-07•Brazil•Brazilian Pension Funds Authority (PREVIC)
Brazil’s Pension Funds Authority (PREVIC) announced the winners of the 9th PREVIC Monograph Prize, recognizing achievements in member communications, benefit plan solvency, and governance. The competition saw a 18% increase in submissions, with the largest share in "Governance and Leadership." Total prizes amount to BRL 45,000, with awards to be presented at the 46th Brazilian Private Pension Congress.
ResearchOther
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2025-10-07•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported financial sector growth, with assets over RD$4 trillion and a credit portfolio increase to RD$2.3 trillion by July 2025. The update highlighted 86 regulatory measures for efficiency and consumer protection, including digitalisation initiatives and a strengthened Office of Services and User Protection. The International Monetary Fund recognized advances in consumer protection and the approval of a new operational risk framework.
SupervisionSupervision approach, priorities & toolkitFinancial and market indicatorsSupervision process and methodologies
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2025-10-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported a decrease in gross reserves by USD 677 million to USD 69,739 million as of 30 September 2025, while the international liquidity position rose by USD 1,966 million to USD 67,865 million. Gold reserves increased by USD 1,626 million, and SDR holdings rose by USD 62 million, whereas foreign exchange reserves fell by USD 2,365 million. These changes were mainly due to a USD 474.6 million loan from the African Development Bank, fluctuations in the US dollar gold price, and foreign exchange payments and swaps.
Data & statisticsBalance of payments and other external statistics
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2025-10-07•South Africa•South African Reserve Bank
The South African Reserve Bank's monthly statement reported total assets of ZAR 1.26 trillion as of 30 September 2025, a decrease of ZAR 41.71 billion from August. Gold and foreign assets fell by ZAR 43.07 billion, mainly due to a ZAR 63.22 billion drop in foreign exchange reserves, partially offset by a ZAR 21.96 billion increase in gold. Liabilities saw a rise in notes and coin circulation and a decline in foreign loans, government deposits, and banks’ deposits.
Data & statisticsBalance of payments and other external statistics
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2025-10-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported an increase in the country's gross international reserves to USD 108.8 billion at end-September 2025, up from USD 107.1 billion in August, driven by higher global gold prices, BSP investment income, and foreign currency deposits by the national government. The reserves cover 7.3 months of imports and 3.6 times the short-term external debt. Net international reserves rose by USD 1.7 billion to USD 108.8 billion.
Data & statisticsBalance of payments and other external statistics