The Saudi Arabia Capital Markets Authority announced that Growth Catalyst Investment Company has fulfilled the commencement-of-business requirements to manage investments in the securities sector, following the license approval on 9 April 2025.
The Saudi Arabia Capital Markets Authority approved Tam Capital's public offer of the Tam Murabaha and Saving Fund. The CMA cautioned investors to review the fund's terms and conditions thoroughly, noting that approval signifies compliance with legal requirements, not a subscription recommendation.
The Montenegro Capital Market Authority hosted its second "Two minutes for a career" event for students during the 3rd International Conference "Montenegro Financial Markets." Commission President Željko Drinčić highlighted the initiative as part of the Authority’s financial education Action Plan. The event facilitated student interaction with the Authority's leadership and provided a platform for career orientation and experience exchange.
The Montenegro Capital Market Authority hosted a workshop in Podgorica, organized by the International Organization of Securities Commissions and the World Bank, to develop national roadmaps for adopting international corporate sustainability reporting standards. The event focused on practical implementation questions and utilized the IFRS Foundation's Roadmap Development Tool, with input from IOSCO and World Bank specialists. Follow-up sessions are planned to monitor progress over the next three months.
The Belgium Financial Services and Markets Authority (FSMA) issued guidance for intermediaries on the "fit and proper" requirement for regulated positions, emphasizing that copying a client's signature is unacceptable. The FSMA highlights the need for appropriate experience and professional reliability, retaining discretion in assessing compliance with these standards.
The Angola Capital Markets Commission participated in a UK Embassy-hosted roundtable on initial public offerings (IPOs) in Angola, focusing on economic diversification, capital market strengthening, and investment attraction. Key discussions included dual listings to enhance local exchange liquidity and structural challenges related to fungibility and settlement timeframes.
The Kuwait Capital Markets Authority has referred a case to the Attorney General concerning alleged unauthorized margin trading under Law No. 7 of 2010. The referral involves a service provider accused of conducting margin trading for clients without the required licence, violating Article (63) and criminalised under Article (126).
The National Bank of Ukraine has eased foreign exchange restrictions, permitting cross-border payments for U.S. customs duties by postal operators and international carriers. The NBU also clarified transaction limits for customers using hryvnia accounts for payments abroad, particularly for those with both business and personal accounts at the same bank. These changes are enacted through NBU Board Resolution No. 119, effective 18 September 2025.
Mexico's National Banking and Securities Commission (CNBV) reported the capital adequacy index (ICAP) for the multiple banking sector at 20.24% as of end-July 2025. The basic capital ratio was 18.14%, and the core capital ratio was 16.81%.
The Central Bank of Uruguay's president, Guillermo Tolosa, stated that disinflation is largely complete, with inflation near target and expectations at historical lows, prompting a shift to a neutral monetary policy. The bank plans to reduce dollarisation, while export productivity gains have bolstered export growth and purchasing power in USD. Tolosa noted that the USD price remains above previous levels, with recent declines reflecting global trends and improved competitiveness in the multilateral real exchange rate.
Deputy Governor Dardan Fusha of the Central Bank of Kosovo outlined digital transformation priorities at the Impact CEE conference, focusing on payments and financial infrastructure. Initiatives include a new Law on Payment Services, SEPA membership alignment, and a Fast Payments System with the Bank of Italy. Fusha emphasized innovation within a stable, sustainable framework, highlighting financial inclusion and cooperation among regulators and the private sector.
The Belgium Financial Services and Markets Authority (FSMA) has enforced action against employers for granting retiring employees additional supplementary pensions individually, a prohibited practice. This has led to 47 agreed settlements, totaling over EUR 370,000.
The Kuwait Capital Markets Authority has granted International Investment Company a three-year renewable licence to conduct securities brokerage as a broker not registered with the Securities Exchange. This follows an assessment under Kuwait’s Capital Markets Authority Law No. 7 of 2010 and its executive bylaws, as well as a 2024 resolution. The licence term begins upon issuance of the Authority’s certificate.
The Australian Securities & Investments Commission and the Australian Prudential Regulation Authority released notes from the 27 August 2025 Superannuation CEO Roundtable. The meeting, attended by CEOs of major superannuation trustee firms, focused on high-risk superannuation switching models and emphasized the urgent need to improve practices to protect investors and consumers.
The Australian Securities & Investments Commission (ASIC) has introduced class relief for intermediaries in the secondary distribution of a stablecoin by an Australian financial services licensed issuer, exempting them from needing separate licences. This exemption requires intermediaries to provide clients with the stablecoin’s product disclosure statement if prepared by the issuer. ASIC may extend this relief to other eligible stablecoins and plans to update its crypto and digital assets guidance soon.
ASIC Chair Joe Longo updated the Parliamentary Joint Committee on enforcement activities, noting increased investigations and court actions, including major cases involving ANZ and high-risk superannuation switching. ASIC reported 132 new investigations and 23 court actions in early 2025, with ANZ facing AUD 240 million in penalties. Ongoing high-risk super investigations involve multiple entities, with further actions likely, and the agency highlighted resource and data-capability constraints.
The Australian Securities & Investments Commission (ASIC) has reissued Regulatory Guide 34 to simplify guidance on auditor breach notification and contravention reporting, reflecting legal changes. The updated guide includes new guidance on reporting suspected contraventions related to sustainability reporting, superannuation entities, and corporate collective investment vehicles. It also addresses obligations concerning attempts to influence auditors, conflicts of interest, and independence issues, alongside technical updates and corrections.
The Australian Securities & Investments Commission (ASIC) introduced a new legislative instrument to consolidate and extend relief for electronic delivery of financial services disclosures, replacing two expiring 2015 instruments. Effective until 1 October 2030, it includes minor updates and extends electronic disclosure to a Cash Settlement Fact Sheet. ASIC received seven supportive submissions, suggesting incorporation into primary law and extension to other Acts, which have been raised with the Treasury.
The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission released public notes from the Superannuation CEO roundtable held on 27 August 2025, attended by 10 superannuation trustee CEOs managing most superannuation platform products.
The Australian Prudential Regulation Authority and the Australian Securities and Investments Commission released public notes from a Superannuation CEO roundtable held on 27 August 2025, attended by 10 superannuation trustee CEOs managing most superannuation platform products.
The Bank of Botswana will issue a limited-edition P50 commemorative banknote for its Golden Jubilee, circulating alongside the existing P50 note. The design includes the Bank’s headquarters and Botswana’s 2024 Olympians, with enhanced security features. A public education campaign will precede its release.
The Ukraine National Commission on Securities and Stock Market announced that the Financial Reporting System is ready for electronic submissions of 2024 annual and consolidated financial statements and 2025 interim reports using the UA XBRL IFRS 2024 taxonomy. Submission is mandatory for entities required by law to prepare financial statements under IFRS and those opting to apply IFRS voluntarily. Reporting entities registered with the CPPP will receive templates for the relevant period, with notification required for changes in reporting methods or new consolidated statements.
MONEYVAL and the Financial Action Task Force conducted a three-day online training for assessors in preparation for the 6th round of evaluations, emphasizing effectiveness and countries' risk contexts. The course, attended by 42 experts, focused on evaluation procedures and developing Key Recommended Actions. Successful completion of this training is mandatory for evaluators in MONEYVAL and FATF assessments.
The Central Bank of Peru reported a 7.4% real-term increase in the total formal wage bill in July 2025 compared to July 2024, driven by growth in formal employment. The private sector saw a 7.6% rise, primarily due to services and commerce, marking 16 consecutive months of improvement. The wage bill is calculated as average income multiplied by the number of formal jobs.
The Moroccan Insurance Authority (ACAPS) has launched EDUCAPS, a digital platform aimed at enhancing understanding of insurance and social welfare concepts. EDUCAPS features interactive learning modules and is primarily targeted at younger audiences, with plans for future expansion to additional user groups.
The Central Bank of Ireland's third Quarterly Bulletin of 2025 revises the 2025 Modified Domestic Demand forecast to 2.9% amid new EU-US trade tariffs and geoeconomic fragmentation. It highlights downside risks to inward investment and public finances due to reliance on large corporation tax receipts. The Bulletin projects a fiscal deficit of -3.3% of GNI* in 2025, with potential long-term national income reduction under the new US tariff regime.
The Bank of Italy published Deputy Governor Chiara Scotti’s welcome address for the “Economics of Payments” conference, co-organized with the Committee on Payments and Market Infrastructures. The event featured Scotti's speech on "Stablecoins in the Payments Ecosystem: Reflections on Responsible Innovation".
The Bank of Italy released updated statistics on Italy's balance of payments and international investment position for July 2025.
Lithuania's Ministry of Finance approved a Code of Ethics for the supervisory board of National Development Bank ILTE UAB, enhancing governance with standards on conflicts of interest and market abuse prevention. Oversight is assigned to ILTE’s compliance officer. The Government also plans to increase ILTE’s capital by EUR 150 million and expects private investment of EUR 850 million to finance strategic projects by 2030.
The Australian Securities & Investments Commission (ASIC) has issued interim stop orders on the 12 Month Term Account and 2 Year Account products of the La Trobe Australian Credit Fund due to deficiencies in the target market determination. These orders prevent La Trobe Financial Asset Management Limited from dealing in interests, issuing product disclosure statements, or providing financial advice to retail clients. ASIC's concerns include inappropriate portfolio allocation levels and inadequate distribution conditions, following a surveillance review on fund transparency and governance.
The Australian Securities & Investments Commission (ASIC) has issued an interim stop order against the La Trobe US Private Credit Fund, citing concerns that the fund's target market determination does not align with its risk profile. This order restricts La Trobe Financial Asset Management Limited from offering, promoting, or advising on the fund to retail investors. ASIC's concerns include inappropriate portfolio allocation and unspecified investment timeframes, given the fund's focus on high-risk senior secured loans to unrated US middle-market companies.
The National Credit Union Administration Board reviewed the Q2 2025 Share Insurance Fund report, noting USD 82.0 million in net income and USD 23.2 billion in total assets. The equity ratio decreased to 1.28 percent, attributed to a 2.9 percent growth in insured shares. The fund can absorb USD 1.4 billion in losses without triggering a premium assessment or restoration plan, and 2025 spending is projected to be USD 7.0 million under budget.
EBA CLEARING announced that 10 major multinational banks, including Barclays, BBVA, and Deutsche Bank, plan to expand reach for One-Leg Out Instant Credit Transfers (OCT Inst) using its RT1 OCT Inst Service. This aligns with the G20 Roadmap for Enhancing Cross-Border Payments, targeting 2027 for broader implementation across Europe. The RT1 system, operational since 2017, currently processes approximately 5.5 million real-time payments daily.
Croatia's Ministry of Finance highlighted progress in circular economy practices and blue finance at IFC Day in Zagreb, co-organised with the Croatian Employers' Association and the International Finance Corporation. The conference noted increased municipal waste recycling rates and emphasized Croatia's maritime sector for blue economy investments. Green and sustainability bonds were identified as key instruments, with the IFC programme mobilising USD 332.5 million for green infrastructure and renewable energy from 2019 to 2024.
Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, will attend informal Eurogroup and ECOFIN meetings in Copenhagen, focusing on innovation, digitalisation, and structural reforms. Discussions will include the digital euro, economic developments, and EU legislative efficiency. The minister will also engage in bilateral meetings and visit UN and UNICEF facilities.
The Financial Conduct Authority (FCA) announced motor insurers revised settlement practices after underpaying customers on stolen or written-off vehicle claims. About 270,000 motorists are expected to receive GBP 200 million in compensation, with GBP 129 million already paid to nearly 150,000 customers. These changes follow the FCA's Consumer Duty and are part of broader vehicle valuation efforts, including a December 2022 warning and a March 2024 review covering 90% of the market.
The Gibraltar Financial Services Commission's AML/CFT/CPF newsletter highlights financial inclusion's role in combating financial crime. It emphasizes that broader access to regulated services reduces reliance on vulnerable informal channels, while robust frameworks enhance trust and protection. Financial inclusion is key to resilience against money laundering, terrorist financing, and proliferation financing.
The Hong Kong Securities and Futures Commission and the UAE’s Securities and Commodities Authority signed a Memorandum of Understanding for a Mutual Recognition of Funds arrangement, enhancing cross-border market access for public funds. This is Hong Kong's first arrangement with a Middle Eastern market and the UAE's first with a jurisdiction outside the region, allowing unlisted foreign funds to be offered directly to UAE retail investors. The agreement was signed on 17 September 2025, following a bilateral meeting.
The Hong Kong Securities and Futures Commission released Mr. Rico Leung's keynote speech from FOW Trading Asia 2025, focusing on regulatory strategies to enhance Hong Kong's derivatives market.
The Financial Services Regulatory Authority of Ontario (FSRA) obtained court orders and monetary sanctions against Kostyantyn Poshtarenko and Anatolii Stoliar for non-compliance with FSRA summonses under the Insurance Act. The Divisional Court of Ontario mandated their attendance for an interview and imposed a CAD 5,000 fine, plus CAD 1,000 daily for continued non-compliance, up to CAD 25,000. This follows FSRA's previous CAD 100,000 penalty on Poshtarenko for unlicensed insurance activity.
The Hong Kong Monetary Authority (HKMA) has issued an alert regarding fraudulent websites and phishing scams targeting Chong Hing Bank Limited and China CITIC Bank International Limited. The HKMA emphasized that banks will not request sensitive information through SMS, email, or embedded hyperlinks. Customers affected by these scams should contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
The International Association of Deposit Insurers (IADI) has approved revised Core Principles for Effective Deposit Insurance Systems, to be presented at the 2025 Annual General Meeting in Lisbon. Member priorities include the Interbank Deposit Protection Fund’s Strategic Guidelines 2025–2027, focusing on innovation and efficiency. Upcoming IADI events include webinars on the Digital Brazilian Real, stablecoin runs, and the Europe Regional Committee Conference.
Finland's Ministry of Finance announced that Finance Minister Riikka Purra will attend the informal EU finance ministers meeting and the Eurogroup meeting in Copenhagen on 19–20 September. Discussions will focus on simplifying financial market regulation, structural reforms, and the economic impact of geopolitics on Europe. The Eurogroup will also address macroeconomic developments and the digital euro.
The Isle of Man Financial Services Authority has de-registered Excel Solutions LTD under the Designated Businesses Registration and Oversight Act 2015, effective 18 September 2025, pursuant to section 12(1)(a).
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan appointed Dauren Niyazbekuly Salimbayev as Deputy Chair. Salimbayev previously directed the Agency’s Department of Methodology and Prudential Regulation, contributing to regulatory approaches, prudential standards, and key financial legislation.
The Agency for Regulation and Development of the Financial Market of Kazakhstan proposed draft laws to the Mazhilis to shift financial services oversight to a conduct supervision model and establish a single financial ombudsman office. This model emphasizes consumer protection, fair competition, and effective dispute resolution, aligning with OECD principles. Additionally, a new draft banking law aims to adapt to technological changes, enhance the banking sector's economic role, and liberalize digital asset circulation.
The Agency for Regulation and Development of the Financial Market of Kazakhstan has proposed draft legislation to update the banking framework, focusing on fintech and digital financial asset regulation. It allows banks to invest in fintech sectors like AI and cybersecurity, with limits, and introduces regulations for digital assets, including stablecoins. The National Bank would oversee stablecoin issuance, while the Agency would regulate other digital assets and propose tighter controls on payment organizations.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan and the National Bank of Kazakhstan met with financial sector stakeholders to discuss the draft law on Banks and Banking Activity, consumer lending dynamics, and debt prevention measures. The meeting also addressed the introduction of digital financial assets, including the digital tenge, and fraud prevention strategies in the financial market.
The Bank of Ghana, via Governor Dr. Johnson P. Asiama, outlined strategies to support Ghana's "24-hour policy" using monetary policy tools for macroeconomic stability and credit access. The speech addressed rising non-performing loans, emphasizing prudential supervision and payments infrastructure. It highlighted Development Bank Ghana's role in long-term financing and referenced the Ghana Incentive-Based Risk-Sharing System for Agricultural Lending (GIRSAL) for agribusiness credit support.
At the Global Alliance for Banking on Values Africa Chapter Meeting, the Bank of Ghana highlighted its use of regulation, incentives, and collaboration to promote values-based banking with a focus on ESG integration. It emphasized its Sustainable Banking Principles, developed with the Environmental Protection Agency and the Ghana Association of Banks, supported by the International Finance Corporation. A partnership with the Chartered Institute of Bankers Ghana has also led to a banking sector Code of Conduct and an e-learning program to enhance ethical standards and professionalism.
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye (SEDDK) announced its participation in forming the Turkic World Insurance Union in Shusha, Azerbaijan, to enhance cooperation in insurance and reinsurance among eight states. The Union will focus on strengthening relationships, technology collaboration, and experience sharing. SEDDK Chairman Davut Mentes emphasized Türkiye's technological infrastructure and readiness to support member authorities with supervisory and regulatory practices.
The Qatar Central Bank announced that Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with the United Kingdom’s Ambassador to Qatar, H.E. Mr. Neerav Patel, to discuss enhancing bilateral cooperation in banking and finance.
The Central Bank of the Republic of Uzbekistan hosted an international forum discussing the integration of Islamic finance instruments into the banking sector and sustainable support mechanisms. Experts from over 20 countries attended, marking the first time the event is held in Uzbekistan after 19 editions in Malaysia. A resolution is expected to be signed at the forum's conclusion.
The Thailand Office of Insurance Commission (OIC) and the Bank of Thailand discussed strategies for pursuing unauthorised operators in the insurance and banking sectors. The OIC detailed its enforcement methods, including the use of technology tools like CARES and IRIS for fraud detection and licence management. The agencies aim to integrate information to enhance legal proceedings and consumer protection.
The Arab Monetary Fund, with the International Monetary Fund and the Central Bank of Tunisia, launched a high-level workshop in Tunis on rethinking monetary and fiscal policies amid rising uncertainty, involving key international financial institutions and experts. Director General Dr. Fahad M. Alturki stressed the need for enhanced coordination and resilient policies to safeguard financial stability in Arab economies.
The Liechtenstein Financial Market Authority issued an alert regarding phishing emails impersonating its representatives to obtain personal data. The FMA clarified it does not contact individuals by email or phone and is not involved in refunding financial losses. Recipients are advised to verify sender addresses ending with "@fma-li.li" and avoid responding or clicking links in suspicious emails.
Eurosif, the European Fund and Asset Management Association, and Principles for Responsible Investment advocate for a voluntary sustainability reporting standard for companies with over 250 employees, outside the CSRD scope. They warn the European Commission's proposal may cause data gaps and market fragmentation. The organizations suggest using revised ESRS as a basis for scalability and transitioning to mandatory reporting.
Director Júlia Normande Lins of the Brazilian Superintendence of Private Insurance (SUSEP) attended the 2nd Brazil–China Financial Cooperation Forum and the 11th Economic-Financial Subcommittee meeting in São Paulo. Discussions emphasized insurance and reinsurance's role in supporting long-term investments in infrastructure and industry. Lins stressed the need for closer cooperation in these sectors with Brazil’s Securities and Exchange Commission and Chinese financial authorities.
The National Bank of the Republic of Tajikistan announced the results of its MF253814 credit auction, with bids reaching TJS 17,000,000 against an issuance volume of TJS 20,000,000 at an annual interest rate of 7.92%. Both the offered rate and the weighted average annual rate were 7.92%.
The UAE Securities & Commodities Authority and Hong Kong’s Securities and Futures Commission have established a mutual recognition framework for cross-border distribution of public investment funds. This allows eligible funds and management companies to access each other's markets without redundant authorisation. It includes cooperation mechanisms for regulatory coordination, information exchange, and oversight to enhance market efficiency and investor protection.
Bank of Spain Governor José Luis Escrivá, at the Federación Iberoamericana de Bolsas meeting, highlighted technological changes in payments affecting competitiveness, stability, and monetary autonomy. He warned that widespread use of privately issued stablecoins could undermine public money and increase reliance on the US dollar. Escrivá emphasized the need for regulatory frameworks like the EU's Markets in Crypto-Assets Regulation and central bank innovations, such as the digital euro, to address these challenges.
The Central Bank of the Philippines mandates non-cash channels for payouts over PHP 500,000, requiring enhanced due diligence. Cash payouts are allowed only with additional identification and proof of legitimate purpose. If due diligence fails, financial institutions must file a suspicious transaction report and monitor the account.
The European Central Bank's Working Paper No 3115 examines the impact of suitability concerns in the Single Supervisory Mechanism's assessments on bank performance from 2014 to 2023. It finds that appointees with concerns, especially those leading to ancillary measures, correlate with reduced profitability, notably in conflicts of interest and lack of experience. The paper highlights that female appointees generally enhance profitability and notes the ECB's 2023 shift to legally binding ancillary measures for better supervisory outcomes.
The Central Bank of the Philippines welcomed Japan Credit Rating Agency's report affirming the Philippines' A- credit rating with a stable outlook, citing a strong banking sector and stable financial system. The report highlighted robust loan growth, a lower non-performing loan ratio of 3.1%, and a capital adequacy ratio of 16.5% for universal and commercial banks. Inflation averaged 1.7% in early 2025, with gross international reserves at USD 105.9 billion.
The Central Bank of the Philippines reported that its BSP Hub in Manila has received over 6,000 visitors since opening in May 2025. The Hub serves as a one-stop shop for public services, including handling complaints against BSP-supervised institutions and offering educational tours on the BSP's economic role.
The Central Bank of the Philippines (Bangko Sentral ng Pilipinas, BSP) highlighted its mandate to promote price stability during a discussion at its BSP Hub. The Hub, located at the BSP Head Office in Manila, serves as a central access point for public services, including handling complaints, facilitating purchases, and managing transactions related to foreclosed properties. Since opening in May 2025, it has welcomed over 6,000 visitors.
The South Korea Financial Supervisory Service reported an increase in insurers' capital adequacy under the Korean Insurance Capital Standard (K-ICS) to 206.8% with transitional measures, and 192.1% without, as of June 2025. Available capital rose to KRW 260.6 trillion, driven by net earnings, higher comprehensive income, and new capital securities issuance. The FSS plans to monitor insurers' asset-liability management amid an anticipated easing cycle and guide firms to improve risk management.
The Monetary Authority of Singapore, with the Global Finance & Technology Network and Constellar, announced the Singapore FinTech Festival 2025 for 12–14 November at the Singapore EXPO. The event will explore AI, tokenisation, and quantum computing in financial security and efficiency. Highlights include over 70 sessions on AI in risk management, tokenisation in capital markets, and quantum computing's impact on cybersecurity, alongside the 10th Global FinTech Hackcelerator and the inaugural GFTN Global Impact Champions Awards.
The Central Bank of Estonia reviewed its 2024 activities, focusing on monetary policy transmission, financial stability, and crisis readiness. It kept the countercyclical capital buffer at 1.5% due to rapid credit growth and increased risk, highlighting updated resilience requirements for key banks. The bank reported a EUR 74 million profit, with EUR 18.5 million transferred to the state budget, and noted ongoing work on digital euro resilience options.
Vietnam's Ministry of Finance issued Decision 3169/QD-BTC, detailing changes to administrative procedures in the securities sector, effective 12 September 2025. The Vietnam State Securities Commission has released the decision.
The Vietnam State Securities Commission has directed securities firms, fund managers, and fund certificate distributors to enhance information system security for online trading to ensure market stability. Firms must intensify system testing, monitoring, and risk assessment, develop incident response plans, and comply with existing information security regulations. Additional measures include regular data backups, system recovery readiness, and timely software updates.
The Vietnam State Securities Commission’s Technology and Digital Transformation Department awarded a contract to Công ty Cổ phần Công nghệ An ninh mạng Quốc gia Việt Nam for VND 1,858,000,000 to deploy a data wiping solution for classified documents. The contract was procured via domestic open competitive bidding, with an implementation period of 180 days. Two other bidders were not selected due to unmet evaluation criteria and ranking.
Securities Commission Malaysia hosted the second GROWMatch cohort, connecting 50 agri and bio-based entrepreneurs with alternative financing. The 2025 edition focused on food security, expanding finalists to 50 and including pitching workshops and capacity building. Supported by various partners, the initiative reported over MYR 10 billion raised via equity crowdfunding and peer-to-peer financing by June 2025.
The Brazil Securities Commission (CVM) has extended the deadline for public consultation on proposed amendments to rules governing public offerings and trading of securities to 10 October 2025. The amendments address obligations in securitisation transactions, use of economic indicators in debt offerings, expense allocation in mixed offerings, and updates for offerings with tax benefits. This consultation is part of the CVM’s Regulatory Agenda 2025.
The Guernsey Financial Services Commission amended the designation details for AUTEL ROBOTICS CO., LTD. under the Russia (Sanctions) (EU Exit) Regulations 2019, maintaining an asset freeze and trust services sanctions. Firms must verify relationships with designated entities, freeze relevant assets, and report findings to the States of Guernsey Policy & Resources Committee. Affected firms must also inform the Commission and report under Handbook Rule 12.37.
The Central Bank of Paraguay said J.P. Morgan will include Paraguay government bonds in its GBI-EM index from the first half of 2026 with an estimated initial weight of 0.04%. Two guarani-denominated bonds totaling about USD 1 billion already meet the entry criteria. Continued inclusion will depend on factors including issuance regularity and bond size and maturity.
The Central Bank of Paraguay has launched a public consultation on draft rules for interoperability and interconnection in the payment cards system, covering credit, debit and prepaid cards. The proposal is tied to the new National Payments System law and is intended to support equitable access, security, efficiency and competition while lowering merchants’ digital payment acceptance costs.
The Central Bank of Bahrain's Governor Khalid Humaidan attended the 49th session of the Council of Arab Central Banks and Monetary Authorities’ Governors in Tunisia, discussing monetary and financial sector policies amid uncertainty. Key topics included cybersecurity resilience, banking supervisory practices, payment system modernization, financial technology, and sustainable finance. Humaidan emphasized Bahrain's experience in risk management and the importance of instant payment solutions in the Arab region.
The Seychelles Financial Services Authority has revoked the accreditation of Mr. Lenny Mbiga Ngatia, Securities Dealer Representative Licence SDR064, as a representative of TGG International Ltd, effective 18 September 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.
The Seychelles Financial Services Authority has revoked the accreditation of Mr. Charilaos Charogiannis as the representative of Leadcapital Corp Ltd under Securities Dealer Representative Licence SDR024, effective 18 September 2025. This action was taken pursuant to section 4(1)(m) of the Financial Services Authority Act 2013.
The Seychelles Financial Services Authority has revoked the accreditation of Mr. Franck Corouna as a Securities Dealer Representative and representative of Modmount Services Limited, effective 18 September 2025, under Section 4(1)(m) of the Financial Services Authority Act 2013.
The Seychelles Financial Services Authority has terminated the accreditation of Mr. Nicos Kezarides as a Securities Dealer Representative for TouchStone Markets Limited, effective 18 September 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.
The Seychelles Financial Services Authority has revoked the accreditation of Mr. Yong Ning Hu, Securities Dealer Representative Licence SDR131, as the representative of GC Group Ltd, effective 1 July 2025, under section 4(1)(m) of the Financial Services Authority Act 2013.
The Seychelles Financial Services Authority rejected Peken Global Limited's application under the Virtual Asset Service Providers Act 2024, effective 4 June 2025, and instructed the firm to cease operations or relocate. Peken Global has since migrated its services outside Seychelles. The statement was issued under section 28 of the Financial Services Authority Act 2013.
The National Bank of the Kyrgyz Republic has introduced the Bishkek Interbank Rate (BIR) as a new benchmark interest rate for the interbank money market. BIR will be calculated daily and serve as a reference for pricing various financial instruments. Additionally, the bank has developed a model to visualize the term structure of interest rates, including a yield curve for government and its own securities.
The Philippine Securities and Exchange Commission supports the Anti Money Laundering Council's investigation into alleged money laundering linked to flood control projects, following a Court of Appeals freeze order on 135 bank accounts and 27 insurance policies. The AMLC's preliminary findings suggest a scheme involving laundering public funds, with the SEC emphasizing corporate governance to prevent misuse of corporate structures for illicit activities.
The National Bank of the Kyrgyz Republic fined two Kyrgyz citizens KGS 17,500 each for unlicensed cash foreign currency exchange operations in Bishkek and the Chui Region.
The National Bank of the Kyrgyz Republic reported on the thirteenth meeting of the Advisory Council on audit activities, involving central banks from the Eurasian Economic Union, Tajikistan, and Kazakhstan. The meeting focused on enhancing internal audit practices, quality control, and performance assessment, alongside discussions on international audit standards and operational practices. A protocol was signed to continue collaborative efforts in these areas.
The National Bank of the Kyrgyz Republic instructed major payment system participants to reassess technical capabilities and optimize processes to ensure uninterrupted consumer services after recent QR code payment disruptions. The bank emphasized the need for alternative payment methods and compliance with Kyrgyz law for continuous cashless settlement operations. QR-code payments surged to KGS 274.9 billion in the first half of 2025, a 19.9-fold year-on-year increase.
The Uganda Insurance Regulatory Authority has granted an exception allowing insurance agents to represent two insurers in the same class of business to address health insurance distribution constraints. This permits agents of insurers not offering health insurance to also act for one additional health insurer, subject to compliance and disclosure requirements. The Authority will oversee compliance and may adjust the approval as necessary.
Ecuador’s National Assembly has appointed five members to the Financial and Monetary Policy and Regulation Board, the Central Bank of Ecuador's highest governing body, following reforms to the Organic Monetary and Financial Code. The Board, responsible for formulating various financial policies and regulations, elected Gustavo Camacho as Chair and María Isabel Camacho as Acting Chair for two-year terms.
U.S. Senate Committee members, including Elizabeth Warren, have requested information from Attorney General Pam Bondi about the Trump Administration's oversight of Binance's compliance with its 2023 guilty plea and USD 4.3 billion settlement. Concerns include Binance's timeline for exiting the U.S. market and potential removal of its compliance monitor. The Senators also highlighted reports of increased financial ties between President Trump and Binance.
The minority of the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Elizabeth Warren and Chris Van Hollen, objected to suspending the FDIC Inspector General's review of succession management and employee retention amid staffing cuts. They argue that these reductions, including a 20% workforce cut in April 2025, weaken bank supervision and heighten the risk of bank failures. The senators requested a timeline for the review's resumption and clarification on whether the Trump Administration influenced its suspension.
The Thailand Securities and Exchange Commission's Civil Sanction Committee has imposed civil sanctions on 17 individuals for manipulating the share price or trading volume of East Coast Furnitech Public Company Limited. Sanctions include payments totaling THB 264,791,946, trading and management bans, and potential Civil Court action for non-compliance. The penalties and compensation will be remitted to the Ministry of Finance.
The Royal Canadian Mounted Police dismantled the TradeOgre cryptocurrency exchange, seizing over CAD 56 million in cryptoassets for failing to register with the Financial Transactions and Reports Analysis Centre of Canada and identify clients. Initiated by a Europol tip, the investigation revealed the platform's use of anonymity features to conceal criminally sourced funds. Transaction data will be analyzed for potential charges as the investigation proceeds.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 93,390 penalty on Primary Capital Inc for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate compliance policies, risk assessments, and failure to identify politically exposed persons. FINTRAC has issued 23 notices of violation in 2024–25, totaling over CAD 25 million.
The Central Bank of Russia and the Russian Ministry of Finance have launched the second All-Russian Financial Culture Capital Competition to enhance financial literacy across regions. Winning projects will receive support and host the annual conference on best practices. The competition, held annually since 2024, awards Financial Culture Capital status for one year.
Central Bank of Malta Governor Professor Edward Scicluna chaired a virtual meeting of Commonwealth Central Bank Governors, focusing on national and global economic challenges. The meeting, attended by governors, senior officials, and observers from 56 member countries, was themed “Strengthening Economic Resilience Amidst the International Policy Shifts”.
The European Fund and Asset Management Association, Eurosif, and the Principles for Responsible Investment advocate for a voluntary sustainability reporting standard for companies with over 250 employees, excluded from the Corporate Sustainability Reporting Directive (CSRD) scope. They warn that the European Commission's proposal may cause ESG data gaps and market fragmentation, suggesting a voluntary regime based on revised European Sustainability Reporting Standards (ESRS) to improve disclosure comparability and reliability.
The U.S. House Financial Services Committee’s Oversight and Investigations Subcommittee, led by Chairman Dan Meuser, held a hearing on financial fraud impacting American families. Meuser highlighted Federal Trade Commission data showing 2.6 million fraud reports in 2024 with consumer losses exceeding USD 12 billion, a 25% increase from 2023. He also noted recent actions by the Trump Administration and financial authorities, and requested details on the Federal Reserve's fraud prevention efforts.