Back to tracker

Article archive

Showing 34,101–34,200 of 51,405 updates · Page 342 of 515

  • 2025-09-17EuropeEuropean Central Bank

    European Central Bank sets out strategy to modernise central bank money with digital euro foundations, DLT wholesale settlement and cross-border interlinking

    The European Central Bank (ECB) plans to modernize central bank money, focusing on a digital euro, new technologies for wholesale transactions, and cross-border interlinking. The ECB aims for euro-area-wide acceptance of a digital euro, using open standards and European governance for strategic autonomy and resilience. It is also exploring distributed ledger technology and tokenization for wholesale markets and enhancing cross-border payments through multilateral networks and instant settlement services.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-09-17Sint Maarten & CuracaoCentral Bank of Sint Maarten & Curacao

    Central Bank of Curaçao and Sint Maarten launches firm survey study on what drives foreign direct investment into Curaçao

    The Central Bank of Curaçao and Sint Maarten has initiated research into macroeconomic and institutional factors influencing foreign direct investment (FDI) in Curaçao, including a survey of firms with prior FDI. The study aims to identify investment triggers and perceptions of the business climate, with findings to inform future research in Sint Maarten.

    ResearchMarket development
  • 2025-09-17United StatesNew York State Department of Financial Services

    New York State Department of Financial Services issues guidance for banking organizations on using blockchain analytics in virtual currency activities

    The New York State Department of Financial Services has issued guidance for banking organizations on using blockchain analytics tools in virtual currency activities. This guidance clarifies compliance expectations and promotes technology-driven controls to enhance compliance programs and prevent illegal activities. It includes use cases such as customer wallet screening, funds verification, and monitoring for illicit activity exposure.

    Policy & regulationGuidance & interpretationBlockchain and distributed ledger technology
  • 2025-09-17SingaporeMonetary Authority of Singapore

    Monetary Authority of Singapore and Hong Kong Monetary Authority exchange MoU to strengthen banking supervisory cooperation

    The Monetary Authority of Singapore and the Hong Kong Monetary Authority have exchanged a Memorandum of Understanding to enhance banking supervisory cooperation. This agreement aims to facilitate information exchange and mutual assistance for overseeing banks with cross-border operations. The arrangement builds on existing collaboration and supports the sharing of best practices.

    SupervisionCooperationCross-border cooperation
  • 2025-09-17SingaporeMonetary Authority of Singapore

    Singapore Police Force, Monetary Authority of Singapore, Infocomm Media Development Authority and GovTech Singapore to phase in service-access restrictions for scam mules from October 2025

    The Singapore Police Force, Monetary Authority of Singapore, Infocomm Media Development Authority, and Government Technology Agency announced a framework to limit scam mules' access to financial, telecommunications, and Singpass/Corppass services. Restrictions cover digital banking, card transactions, ATM services, and new mobile line subscriptions, calibrated to the risk posed by individuals involved in scams. Implementation begins in October 2025, with banking and mobile service restrictions, followed by Corppass and Singpass restrictions.

    Policy & regulationRules & requirementsFraud and scams
  • 2025-09-17SerbiaNational Bank of Serbia

    National Bank of Serbia reports record 497,287 transactions in the IPS NBS instant payment system

    The National Bank of Serbia reported a record daily transaction volume for its IPS NBS instant payment system on 15 September 2025, processing 497,287 payments totaling RSD 6.69 billion. The system, operational since October 2018, facilitates 24/7 instant payments for citizens and businesses.

    Data & statisticsPayments and payment systems
  • 2025-09-17SerbiaNational Bank of Serbia

    National Bank of Serbia publishes August inflation expectations survey showing financial-sector expectations within the 3% ± 1.5 percentage point target range

    The National Bank of Serbia's Inflation Expectations Survey indicates that financial sector inflation expectations remain within the target range of 3% ± 1.5 percentage points. Short-term expectations rose to 4.0% in August, while medium-term expectations for the financial sector increased slightly to 3.3%. The economy's one-year-ahead expectations returned to 5.0% in August, with medium-term expectations stable at 5.0%.

    Data & statisticsEconomic data and developments
  • 2025-09-17South KoreaSouth Korea Financial Services Commission

    South Korea Financial Services Commission introduces lending, insurance pricing and disclosure requirements tied to major industrial accidents

    South Korea's Financial Services Commission has unveiled measures to enhance risk management for major industrial accidents, aligning with the government's safety plan. The initiative includes adjustments in credit evaluations, insurance premiums, policy finance incentives, and capital markets disclosures. Key elements involve tightened screening for project finance guarantees, insurance surcharges, and mandatory disclosures under the Serious Accidents Punishment Act.

    Policy & regulationRules & requirementsOperational risk and resilience
  • 2025-09-17OmanOman Financial Services Authority

    Oman Financial Services Authority launches electronic system for licensing and renewal of accounting and auditing firms

    The Oman Financial Services Authority hosted a seminar on accounting and auditing regulation following Royal Decree 20/2024 and introduced an integrated electronic system for licensing and renewal. The system facilitates online applications and document management, enhancing transparency and digital transformation. The seminar also addressed regulatory requirements and the role of auditors in improving financial reporting quality.

    Policy & regulationImplementation, projects & pilotsAccounting and financial reportingAuditing
  • 2025-09-17BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission opens consultation on amendments to issuer share buyback rules including a 15% free float floor and 12% treasury stock limit

    The Brazil Securities Commission (CVM) is consulting on amendments to CVM Resolution 77 to enhance the framework for listed companies repurchasing their own shares, focusing on execution requirements and market impact mitigation. Proposed changes include conditions for daily repurchases, restrictions on reducing shares in circulation, and adjustments to treasury share limits. An alternative public tender offer route is proposed, exempt from new restrictions, alongside harmonisation efforts and a regulatory impact analysis.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-09-17BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission approves BRL 6.4 million settlement with Gafisa executives and BRL 470,000 settlement over Vamos disclosure case

    The Brazil Securities Commission (CVM) approved settlements totaling BRL 6.87 million to close two administrative proceedings. Former Gafisa officers agreed to pay BRL 6.4 million for alleged breaches of loyalty and care, while Vamos Locação's director will pay BRL 470,000 for failing to disclose a material fact. The CVM board deemed the settlements reasonable, with no legal impediments identified by the Federal Specialized Prosecutor’s Office.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-09-17SeychellesSeychelles Financial Services Authority

    Seychelles Financial Services Authority rejects BTSE Holding Limited VASP application and orders it to cease operations or migrate services out of Seychelles

    The Seychelles Financial Services Authority rejected BTSE Holding Limited's application to operate as a virtual asset service provider under the Virtual Asset Service Providers Act 2024, instructing it to cease operations or relocate. The application was submitted on 31 December 2024 and rejected on 24 July 2024. BTSE Holding Limited has since been acquired by BTSE GLOBAL LIMITED SOCIEDAD DE RESPONSABILIDAD LIMITADA, with user migration to the Costa Rica entity completed by July 2025.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-17KyrgyzstanNational Bank of the Kyrgyz Republic

    National Bank of the Kyrgyz Republic launches consultation on amendments to its regulatory acts to align with recent Kyrgyz legislation

    The National Bank of the Kyrgyz Republic has released a draft Board resolution for public discussion to amend its normative legal acts, aligning the central bank's regulatory framework with recent legislative changes. These amendments pertain to laws on road traffic, property rights, state language, the securities market, and the Budget Code of the Kyrgyz Republic.

    Policy & regulationRules & requirementsOther
  • 2025-09-17FijiReserve Bank of Fiji

    Reserve Bank of Fiji transfers record $146.0 million profit to Government for FY ended 31 July 2025

    The Reserve Bank of Fiji reported a record profit of $146.2 million for the financial year ended 31 July 2025, attributing the increase to high foreign reserves and elevated interest rates in trading partner economies. A $146.0 million transfer to the Government was announced, with future profits and transfers contingent on foreign reserve levels and interest rate trends amid global trade and geopolitical risks.

    Data & statisticsFinancial and market indicatorsActivity and performance reporting
  • 2025-09-17United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs Democrats press SEC Chair Atkins to maintain protections against forced arbitration

    Senators Elizabeth Warren and Jack Reed urged SEC Chair Paul S. Atkins not to amend the SEC's policy on forced arbitration, which would allow public companies to mandate arbitration for investor disputes. They argued this change would contradict Sections 14 and 29(a) of the Securities Acts, weaken securities litigation, limit investor relief, and enable misconduct. The Senators requested a reaffirmation of the SEC's stance against forced arbitration and a briefing on any policy changes.

    Policy & regulationRules & requirementsComplaints and dispute resolution
  • 2025-09-17United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs minority urges State and Treasury to take three steps to avert West Bank collapse risk

    The U.S. Senate Committee's minority leadership, led by Senator Elizabeth Warren, urged Secretaries of State and Treasury to amend Trump-era policies risking West Bank economic collapse. They recommend urging Israel to release withheld revenues, opposing settlements undermining a two-state solution, and reinstating financial sanctions against destabilizing activities. A response is requested by October 1, 2025, on measures to prevent further instability.

    Policy & regulationOther
  • 2025-09-17ThailandThailand Securities & Exchange Commission

    Thailand Securities and Exchange Commission amends significant event reporting rules for debt securities issuers to remove crowdfunding issuer reports and refine rehabilitation triggers

    The Thailand Securities and Exchange Commission has revised reporting requirements for debt securities issuers to enhance clarity and reduce redundancy, effective 16 September 2025. The amendments remove the obligation for crowdfunding debt issuers to report significant events directly to the SEC, as funding portals already fulfill this role. Issuers must report the initiation of a business rehabilitation process only upon court acceptance of a rehabilitation petition.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-09-17CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada participates in Project Cerberus operation dismantling cross-border drug trafficking group

    FINTRAC participated in a two-year investigation dismantling a Canada–US drug trafficking network linked to Mexican cartels. The operation seized 157 kilograms of cocaine, 15 firearms, nearly CAD 1 million in cash, and seven vehicles with hidden compartments. Charges were laid against five suspects for organized crime, conspiracy, money laundering, and drug offences.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-09-17RussiaCentral Bank of Russia

    Central Bank of Russia notes slower recovery in the derivatives market as Moscow Exchange futures open interest rises by almost one third

    The Central Bank of Russia reported a slowdown in derivatives market growth in 2024 and early 2025 due to limited access to external markets. Foreign exchange derivatives stabilized, while interest rate derivatives saw slight volume increases amid tight monetary conditions. Commodity derivatives faced challenges from a lack of accurate domestic price indicators, though exchange-traded derivatives and Moscow Exchange futures positions grew.

    ResearchTradingMarket risk and volatility
  • 2025-09-17RussiaCentral Bank of Russia

    Central Bank of Russia consults on supervisory stress testing to mandate annual tests for systemically important banks from 2028

    The Central Bank of Russia proposes mandatory annual supervisory stress testing for systemically important banks starting in 2028. Results would influence banks' economic assessments and internal capital adequacy, potentially requiring additional capital buffers. The approach also links stress testing outcomes to contributions to the Compulsory Deposit Insurance Fund.

    Policy & regulationRules & requirementsStress testing
  • 2025-09-17Sri LankaCentral Bank of Sri Lanka

    Central Bank of Sri Lanka requires all licensed banks to implement recovery plans with first submissions due 31 January 2026

    The Central Bank of Sri Lanka has mandated licensed commercial and specialised banks to develop Recovery Plans (RCPs) under the Banking (Special Provisions) Act, No. 17 of 2023. These plans must be tailored to each bank's specific characteristics and outline measures for financial distress scenarios. Banks are required to submit their RCPs by January 31, 2026, and provide annual certifications of their validity.

    Policy & regulationRules & requirementsRecovery and resolution
  • 2025-09-17RwandaNational Bank of Rwanda

    National Bank of Rwanda amends rules on who may transact in foreign currency and how to obtain authorization

    The National Bank of Rwanda has amended Directive No. 4230/2025-00042, updating rules for foreign currency transactions by non-licensed persons. The directive outlines authorized users and procedures for obtaining authorization, emphasizing the Rwanda franc as the sole legal tender. Enforcement will involve multiple authorities, including the Rwanda Inspectorate and National Police.

    Policy & regulationRules & requirementsForeign exchange policy and markets
  • 2025-09-17United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee holds hearing on reauthorizing the Terrorism Risk Insurance Act and the role of the Federal Insurance Office

    The U.S. House Financial Services Committee’s Subcommittee on Housing and Insurance held a hearing on the Terrorism Risk Insurance Act of 2002 (TRIA), discussing its federal backstop and interaction with terrorism insurance markets. Key points included the need for TRIA reauthorization, the Federal Insurance Office's role, and TRIA’s operational mechanics, such as the USD 5 million loss certification, USD 200 million program trigger, and USD 100 billion cap on insured losses. Industry witnesses highlighted the impact of legislative uncertainty on terrorism coverage availability and terms.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-09-17United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee holds hearing on the Terrorism Risk Insurance Act ahead of its 2027 expiry

    The U.S. House Financial Services Committee’s Housing and Insurance Subcommittee held a hearing to assess the Terrorism Risk Insurance Program under the Terrorism Risk Insurance Act, as a precursor to potential reauthorization before its expiration in 2027. Subcommittee Chair Mike Flood emphasized the need for reauthorization to ensure affordable terrorism risk coverage and limit taxpayer exposure. Since its inception in 2002, the program has not been triggered by a certified act of terrorism.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-09-17HungaryNational Bank of Hungary

    National Bank of Hungary signs cooperation agreement with Hungary’s Supervisory Authority for Regulatory Affairs on sustainability gambling and crypto assets

    The National Bank of Hungary has signed a cooperation agreement with the Supervisory Authority for Regulatory Affairs of Hungary to enhance coordination with financial and market stakeholders. The agreement focuses on sustainability, reducing administrative burdens, and facilitating regulatory compliance. Key areas include sustainability reporting, online gambling market regulation, and establishing clear rules for the Hungarian crypto market.

    Policy & regulationCooperationDomestic cooperation
  • 2025-09-17EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority launches Future Leaders Program to build insurance sector leadership capacity

    The Egypt Financial Regulatory Authority has launched a training strategy for the insurance sector, initiating the "Future Leaders Program" to enhance professional standards and leadership development. Delivered by the Financial Services Institute with international partners, it focuses on digital transformation and AI impacts. FRA Chair Mohamed Farid also announced upcoming governance decisions and plans for electronic linkage with insurers to improve data systems and efficiency.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2025-09-17MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets approves MDL 4.5 million Costești municipal bond prospectus and launches inspection of currency exchange units

    Moldova’s National Commission for Financial Markets made decisions on capital markets authorisations and consumer-protection supervision, approving a municipal bond offer by Costești and registering equity and debt issuance results. Enforcement actions target abusive consumer credit clauses by OCN “EASY CREDIT” SRL and misleading foreign-exchange rate disclosures by C.S.V. “DEN-SER GRUP” SRL. The regulator rejected INTACT ASIGURARI GENERALE SA’s challenge to a compensation payment decision and reminded minority shareholders of buyout request deadlines after significant share issues.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-09-17CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission alleges Surrey resident committed investment fraud involving CAD 200,460 raised from 14 investors

    The British Columbia Securities Commission accuses David Lawrence Pazurik of fraud under the Securities Act for misusing funds raised through his sole proprietorship, Pazman Promotions. Between 2021 and 2022, Pazurik allegedly collected CAD 200,460 from 14 investors, promising returns from sales contracts for branded merchandise, but spent about 73% on unrelated expenses. The allegations remain unproven, and Pazurik can respond before a hearing is scheduled.

    EnforcementInvestigations & enforcement actionsFraud and scams
  • 2025-09-17NorwayNorwegian Finanstilsynet

    Financial Supervisory Authority of Norway finds PwC failed to obtain sufficient audit evidence on bank expected credit losses and breached independence rules on additional services

    Norway's Financial Supervisory Authority reported that PricewaterhouseCoopers AS breached the Auditor Act and EU audit regulations in auditing a listed bank's expected credit losses and providing additional services without prior audit committee approval. The inspection highlighted insufficient audit evidence, lack of professional scepticism, and failures in communication and documentation. PwC has initiated corrective measures and is advised to further strengthen its processes.

    SupervisionReviews, inspections & stress testsAuditing
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission extends Form PF amendment compliance date for a third time as Commissioner Crenshaw dissents

    The U.S. Securities and Exchange Commission has extended the compliance date for amendments to Form PF, affecting reporting requirements for all filers and large hedge fund advisers. Commissioner Caroline A. Crenshaw opposed the extension, criticizing it as an indefinite postponement without proper notice-and-comment rulemaking under the Administrative Procedure Act. She also questioned the reliance on a Presidential memorandum and undisclosed industry letters to justify it.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission further extends the compliance date for the February 2024 Form PF amendments in coordination with the CFTC

    The U.S. SEC, with the CFTC, has extended the compliance date for February 2024 Form PF amendments amid ongoing review. This follows a federal directive to reassess regulations and addresses market feedback questioning the amendments' necessity and legality. The SEC aims to prevent private fund advisers from incurring unnecessary costs for systems that may require future revisions.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission considers extending Form PF amendments compliance date to October 1, 2026

    The U.S. Securities and Exchange Commission (SEC) is considering a one-year extension of the compliance date for Form PF amendments to October 1, 2026, to address transitional challenges. Form PF requires private fund advisers to report portfolio exposure and risk information to the SEC and the Commodity Futures Trading Commission (CFTC), with data also shared with the Financial Stability Oversight Council. The SEC may propose new amendments to Form PF and is evaluating whether the number of advisers required to file can be reduced without compromising critical risk information.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission further extends compliance date for Form PF amendments to October 1, 2026

    The U.S. Securities and Exchange Commission has extended the compliance date for the February 8, 2024 amendments to Form PF to October 1, 2026. Commissioner Hester M. Peirce highlighted the need for a substantive review of Form PF, expressing concerns over its broad data collection scope and potential costs, while suggesting a focus on key data points to enhance utility and reduce confidentiality risks.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission will not weigh mandatory arbitration clauses in registration acceleration decisions and adopts case-by-case approach to post-effectiveness stays

    The U.S. Securities & Exchange Commission issued two final actions to reduce uncertainty in the offering process. It clarified that arbitration provisions in investor claims will not affect the acceleration of registration statements and amended its Rules of Practice to manage stays on effective registration statements. These changes aim to align with Supreme Court precedent and maintain flexibility in handling stays.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission issues policy statement on registration acceleration for issuers with mandatory arbitration clauses and amends Rules of Practice

    The U.S. SEC issued a policy to expedite registration statement effectiveness, instructing staff to disregard mandatory shareholder arbitration provisions. Commissioner Caroline A. Crenshaw opposed this, arguing it could limit transparency and investor recoveries by pushing claims to private arbitration. She also criticized amendments to the SEC’s Rules of Practice for potentially allowing offerings to proceed before Commission review, noting the lack of public consultation.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission approves exchange rule changes allowing certain physical digital asset ETPs to list without individual SEC review

    The U.S. Securities & Exchange Commission approved rule changes for Nasdaq, CboeBZX, and NYSE Arca, allowing them to adopt generic listing standards for certain commodity-based exchange-traded products (ETPs), including digital assets. This permits qualifying ETPs to list and trade without separate Commission review, which Commissioner Caroline A. Crenshaw criticized for reducing investor-protection scrutiny. Crenshaw also noted concerns about the limited history of spot digital asset ETPs and the blurring of distinctions between different regulatory frameworks.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission approves generic listing standards for commodity-based ETPs including crypto asset commodities

    The U.S. Securities & Exchange Commission approved rule changes allowing certain commodity-based exchange-traded products (ETPs), including crypto asset commodities, to list on three national securities exchanges without separate Commission approval. ETPs meeting generic listing standards can trade without prior Rule 19b-4 approval if specific information is posted online within five business days. Exchanges may expand eligibility criteria over time, potentially incorporating objective quantitative standards.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission says mandatory arbitration clauses do not affect registration statement acceleration and limits automatic stays under Rule 431

    The U.S. SEC stated that mandatory arbitration in securities offerings aligns with federal laws and shouldn't delay registration statements. It amended Rule 431 to avoid transaction disruptions by excluding certain declarations from review-related stays. The SEC prioritizes full disclosure over dispute resolution methods, while state laws like Delaware's may affect arbitration clause enforceability.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission clarifies acceleration policy for issuers with mandatory arbitration provisions and amends Rules of Practice to remove automatic stays

    The U.S. Securities and Exchange Commission issued a policy statement on accelerating the effectiveness of Securities Act registration statements for issuers with mandatory arbitration provisions, focusing on disclosure adequacy rather than arbitration appropriateness. The statement clarifies procedures for Commission review of staff actions and removes the automatic stay during review, emphasizing the stop order process as a safeguard.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-09-17United StatesU.S. Securities & Exchange Commission

    U.S. Securities and Exchange Commission approves generic listing standards for commodity-based trust shares holding spot commodities including digital assets

    The U.S. SEC approved rule changes for three national securities exchanges to adopt generic listing standards for exchange-traded products holding spot commodities, including digital assets. This allows exchanges to list and trade Commodity-Based Trust Shares without separate SEC rule change submissions. Additionally, the SEC approved the listing and trading of the Grayscale Digital Large Cap Fund and p.m.-settled options on the Cboe Bitcoin U.S. ETF Index and Mini-Cboe Bitcoin U.S. ETF Index.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-17EuropeEuropean Central Bank - Banking Supervision

    European Central Bank Banking Supervision publishes Q2 2025 statistics showing CET1 up to 16.12% and NPL ratio down to 2.22%

    The European Central Bank Banking Supervision released its Q2 2025 supervisory banking statistics for significant institutions, showing improved capital and liquidity positions and marginal asset quality enhancement, while profitability remained stable. The Common Equity Tier 1 ratio rose to 16.12%, and the liquidity coverage ratio increased to 157.84%. Non-performing loans decreased slightly, with household NPLs at 2.16% and loans to corporations at 3.50%.

    Data & statisticsCapital adequacyAsset qualityLiquidity risk
  • 2025-09-17EgyptCentral Bank of Egypt

    Central Bank of Egypt Governor Hassan Abdalla urges domestic production and greater policy transparency at Arab central bank governors meeting in Tunisia

    The Central Bank of Egypt announced Governor Hassan Abdalla's participation in the 49th Annual Meeting of Arab Central Banks and Monetary Authorities’ Governors in Tunisia. Discussions focus on managing trade-war shocks, enhancing cybersecurity, financial resilience, and the Comprehensive Instant Digital Payments Initiative. A closed session will address preparations for mutual evaluations and challenges related to anti-money laundering and counter-terrorism financing.

    Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
  • 2025-09-17MaltaMalta Financial Services Authority

    Malta Financial Services Authority does not support centralising supervision of key crypto-asset service providers and is implementing ESMA peer review recommendations

    The Malta Financial Services Authority (MFSA) opposes centralising European-level supervision of Crypto-Asset Service Providers (CASPs), citing the premature nature of such measures given the recent implementation of the Markets in Crypto-Assets Regulation (MiCA). The MFSA supports the European Securities and Markets Authority's (ESMA) efforts to enhance supervisory convergence and is implementing recommendations from the ESMA Peer Review on CASP authorisation and supervision.

    Policy & regulationGuidance & interpretationSupervision process and methodologies
  • 2025-09-17ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission registers first three open-ended mutual funds under new automatic public offering regime

    The Argentina Securities Commission (CNV) registered the first three open-ended mutual funds under its new automatic authorisation framework on the regime's first day. Under this framework, CNV will review only the first fund in a family, with subsequent funds automatically authorised if unchanged.

    Policy & regulationImplementation, projects & pilotsLicensing framework and process
  • 2025-09-17ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission publishes guide clarifying requirements for financial trusts with electronically originated credits

    The Argentina Securities Commission (CNV) has issued a guide through its Financial Trusts unit to facilitate the implementation of financial trusts with assets originated via electronic channels. The guide consolidates criteria in place since 2018, updated for evolving market practices, and outlines requirements based on the proportion of electronically originated assets in the trust.

    Policy & regulationGuidance & interpretationSecuritization
  • 2025-09-17ZimbabweReserve Bank of Zimbabwe

    Reserve Bank of Zimbabwe warns of fake social media profiles impersonating Governor John Mushayavanhu

    The Reserve Bank of Zimbabwe issued a scam alert regarding fake social media profiles impersonating Governor Dr. John Mushayavanhu, emphasizing that he has no social media accounts. The Bank has reported these profiles and warned the public about scams involving fake prize wins, phishing, and fraudulent money requests. Official communications are only through the Bank's website and verified channels.

    SupervisionAlertsFraud and scams
  • 2025-09-17United StatesFinancial Crimes Enforcement Network

    Financial Crimes Enforcement Network and FINTRAC convene second annual AML and CFT symposium spotlighting Chinese money laundering networks

    The Financial Crimes Enforcement Network (FinCEN) and Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) held the Second Annual Anti-Money Laundering and Anti-Terrorist Financing Symposium in Washington, D.C. The symposium reinforced US-Canada cooperation on international security threats, focusing on combating fentanyl trafficking, human trafficking, and online child exploitation. It also addressed the increasing threat of Chinese money laundering networks.

    Policy & regulationCooperationAML and CFTCross-border cooperation
  • 2025-09-17United StatesU.S. Department of the Treasury

    U.S. Department of the Treasury outlines outcomes-based reform agenda for Bank Secrecy Act compliance and examinations

    In remarks to the Association of Certified Anti-Money Laundering Specialists, Under Secretary for Terrorism and Financial Intelligence John K. Hurley outlined the U.S. Treasury's strategy to modernize the Bank Secrecy Act framework. Key initiatives include reducing low-value reporting, enhancing information utility for law enforcement, and reforming the examination system to focus on objective program outputs. Hurley emphasized the role of technology and innovation, such as AI and blockchain, in improving compliance efficiencies and outcomes.

    Policy & regulationReform agendas & prioritiesAML and CFT
  • 2025-09-17MoldovaNational Bank of Moldova

    National Bank of Moldova hosts inaugural Romania–Moldova Economic Forum and highlights SEPA accession and instant payments modernisation

    The National Bank of Moldova hosted the first Romania–Republic of Moldova Economic Forum in Chișinău, emphasizing investment and cross-border cooperation. Governor Anca Dragu highlighted Moldova's EU-alignment agenda, including SEPA acceptance and payments modernization. The forum also launched the Female Entrepreneurship Index in Chișinău and featured discussions on leadership and bilateral cooperation in various sectors.

    OtherCross-border cooperation
  • 2025-09-17MoldovaNational Bank of Moldova

    National Bank of Moldova highlights women’s leadership and the FinanciarELE initiative at the Romania–Moldova Economic Forum

    The National Bank of Moldova shared remarks by Governor Anca Dragu at the Romania–Moldova Economic Forum, emphasizing women's roles in financial and entrepreneurial ecosystems. The "FinanciarELE" panel discussed female leadership's economic impact, gender diversity, and support for women entrepreneurs, with input from various sectors. The event also highlighted the "FinanciarELE" project, aimed at enhancing women's financial and leadership skills and promoting gender equality in the financial sector.

    Financial literacy & educationDiversity and inclusion
  • 2025-09-17IndiaInsurance Regulatory and Development Authority of India

    Insurance Regulatory and Development Authority of India urges insurers to pass on GST exemption benefits and strengthen policyholder protection

    The Insurance Regulatory and Development Authority of India (IRDAI) emphasized policyholder protection and industry growth in a meeting with insurance CEOs and Appointed Actuaries, following the GST exemption for life and health insurance. Key priorities include expanding insurance penetration beyond urban areas, enhancing service quality, and establishing uniform standards in solicitation and claims practices. IRDAI advised insurers to pass on GST relief benefits to policyholders.

    Policy & regulationGuidance & interpretationConsumer and investor protection
  • 2025-09-17IndiaInsurance Regulatory and Development Authority of India

    Insurance Regulatory and Development Authority of India launches the Bima Sugam India Federation website as the first step toward an insurance digital public infrastructure

    The Insurance Regulatory and Development Authority of India (IRDAI) launched the Bima Sugam India Federation website, advancing India's Digital Public Infrastructure for insurance. The platform will serve as a gateway for customers, insurers, and intermediaries, aligning with the national vision of Insurance for All by 2047. The marketplace will gradually enable real transactions as integrations with insurers and partners are completed.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-09-17Cayman IslandsCayman Islands Monetary Authority

    Cayman Islands Monetary Authority appoints Petr Jakubik to lead its Financial Stability and Statistics Division

    The Cayman Islands Monetary Authority has appointed Dr. Petr Jakubik as Head of the Financial Stability and Statistics Division, effective 3 September 2025. Jakubik, with over 25 years of experience in financial stability and macroprudential supervision, will enhance CIMA’s research and monitoring frameworks to better address emerging risks.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-09-17CaribbeanEastern Caribbean Central Bank

    Eastern Caribbean Central Bank-led RREIIF wins CARIF Industry Award for most innovative financing

    The Eastern Caribbean Central Bank announced that the Caribbean Resilient Renewable Energy Infrastructure Investment Facility (RREIIF) won the 2025 Caribbean Infrastructure Forum Industry Award for Best/Most Innovative Financing. Developed with Eastern Caribbean Currency Union member governments, RREIIF is the region's first platform for utility-scale renewable energy, using cross-country project aggregation and structured de-risking. Phase I is underway in Grenada, Saint Lucia, and Saint Vincent and the Grenadines, with USD 115 million mobilized, while Phase II aims to expand to more countries and sectors.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-09-16UruguayCentral Bank of Uruguay

    Central Bank of Uruguay outlines incentives to increase peso use in pricing and saving

    At a conference, Central Bank of Uruguay President Guillermo Tolosa outlined a policy agenda to reduce dollarisation by promoting the use of Uruguayan pesos for pricing and savings. Measures include higher capital charges on USD lending to non-tradable companies and removal of tax incentives for foreign investments. Options under consideration involve requiring customer consent for USD accounts and dual price denomination in USD and UYU for certain items.

    Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
  • 2025-09-16EuropeEuropean Financial Reporting Advisory Group

    European Financial Reporting Advisory Group publishes video sessions to support consultation on simplified ESRS exposure drafts

    The European Financial Reporting Advisory Group (EFRAG) has published five video sessions and a factsheet to assist stakeholders in responding to its public consultation on simplified Exposure Drafts of the European Sustainability Reporting Standards (ESRS). The materials address ESRS 1, ESRS 2, and the proposed Environment, Social, and Governance standards. EFRAG seeks feedback from preparers, auditors, investors, civil society, and regulators.

    Policy & regulationGuidance & interpretationAccounting and financial reportingESG
  • 2025-09-16Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency highlights BANFONDESA DOP 250 million sustainable bond tranche approved for pension fund investment

    The Dominican Republic's Pensions Superintendency (SIPEN) announced that Banco de Ahorro y Crédito FONDESA, S.A. (BANFONDESA) completed the first tranche of its sustainable bond issuance, approved for pension fund investment. The DOP 250 million tranche, registered under SIVEM-167, offers a 10% annual coupon and matures in September 2030, supporting microcredit initiatives with environmental and social goals. Rated A by Feller Rate, the issuance aims to attract further capital, including from international investors.

    SupervisionAuthorisations & approvalsClimate risk and sustainable finance
  • 2025-09-16PanamaSuperintendencia de Bancos de Panama

    Superintendency of Banks of Panama runs technical workshop on cybersecurity, core banking migration and mobile money infrastructure

    The Superintendency of Banks of Panama conducted a workshop to enhance banking regulation using advanced digital tools. The training addressed cybersecurity, digital infrastructure resilience, financial innovation, and inclusive digital services, with a focus on data protection and modernising legacy systems. The programme aligns with international best practices and anti-money laundering regulations.

    Institutional developmentCooperation & capacity buildingCyber resilienceFinancial inclusion
  • 2025-09-16PanamaSuperintendencia de Bancos de Panama

    Superintendency of Banks of Panama joins Deloitte Panama forum panel on post-grey list regulatory challenges ahead of FATF reviews

    The Superintendency of Banks of Panama participated in Deloitte Panama’s Second Banking and Financial Meeting, where Director of Regulation Ana Raquel Velasco discussed Panama’s exit from the grey list and regulatory challenges related to upcoming Financial Action Task Force evaluations. The panel included representatives from the Panama Banking Association and the Ministry of Economy and Finance.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-16Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Market Authority approves Arabian Centres Company’s SAR 4.5 billion debt instruments programme for registration and public offering

    The Saudi Arabia Capital Market Authority approved Arabian Centres Company's application to register and publicly offer debt instruments under a programme valued at up to SAR 4.5 billion. The prospectus will include financial statements, company activities, management details, and issuance programme specifics. The approval is valid for six months and is not a subscription recommendation, merely confirming compliance with regulatory requirements.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-09-16Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Central Bank admits Manafa and Tawrid to its regulatory sandbox for supply chain finance testing, taking participants to 25

    The Saudi Central Bank (SAMA) has authorized Manafa for Debt-Based Crowdfunding and Tawrid for Financial Solutions to test supply chain finance solutions in its Regulatory Sandbox, increasing the total FinTech companies there to 25. SAMA emphasized its commitment to developing the Saudi FinTech sector and promoting financial inclusion and innovation. Customers are advised to engage only with authorized financial institutions listed on SAMA's website.

    SupervisionInnovation & testingRegulatory sandbox
  • 2025-09-16Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Central Bank licenses Hot Spot to provide finance aggregation services in Saudi Arabia

    The Saudi Central Bank (SAMA) has licensed Hot Spot to offer finance aggregation services in Saudi Arabia. SAMA emphasized that customers should only engage with authorized financial institutions and referred them to its website for a list of licensed entities.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-16Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Central Bank licenses Muqaranah to provide finance aggregation services

    The Saudi Central Bank (SAMA) has licensed Muqaranah to offer finance aggregation services in Saudi Arabia, aligning with its goals to enhance financial sector efficiency and promote innovative solutions for financial inclusion. SAMA emphasized the importance of engaging with authorized financial institutions and referred to its website for a list of licensed entities.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-16Saudi ArabiaSaudi Arabian Monetary Authority

    Saudi Central Bank licenses Muhlah Zamaniyah to provide consumer microfinance through financial technology

    The Saudi Central Bank (SAMA) has licensed Muhlah Zamaniyah to provide consumer microfinance services via financial technology, raising the number of licensed consumer microfinance providers to 11 and total finance companies to 68. SAMA emphasized the importance of engaging only with authorized financial institutions and directed customers to its website for a list of licensed entities.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-16MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro launches preparations to implement EU-funded twinning project to strengthen financial services regulation

    The Central Bank of Montenegro has initiated the Twinning Project "Support to Financial Services Regulation in Montenegro," with a EUR 1.8 million budget funded by Instrument for Pre-Accession Assistance resources. Led by the Deutsche Bundesbank and supported by several European financial institutions, the project aims to enhance the financial sector's efficiency, accountability, and security. Details will be presented at an upcoming official launch ceremony.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-09-16MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority opens third Montenegro Financial Markets conference citing adoption of six capital market laws

    The Montenegro Capital Market Authority, Ministry of Finance, and Central Bank of Montenegro inaugurated the third international conference "Montenegro Financial Markets" in Podgorica, focusing on capital market development and financial market transformation. Over 300 participants discuss digital transformation, sustainable finance, and crypto markets, with contributions from entities like IOSCO and the World Bank.

    Policy & regulationCooperationMarket development
  • 2025-09-16MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority unveils EU and OECD-aligned Corporate Governance Code through Twinning Light project

    The Montenegro Capital Market Authority, with the Croatian Financial Services Supervisory Agency, introduced a new Corporate Governance Code aligned with EU and OECD standards. This initiative, part of the Twinning Light project, aims to enhance transparency, accountability, and investor confidence in Montenegro's capital market. The project included training, workshops, and international expert support to improve governance practices.

    Policy & regulationImplementation, projects & pilotsCorporate governance
  • 2025-09-16BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority chair highlights auditor ethics as the foundation of audit credibility

    Jean-Paul Servais, chairman of the Belgium Financial Services and Markets Authority, delivered a keynote at the International Ethics Standards Board for Accountants conference, emphasizing auditors' credibility and trustworthiness. Servais highlighted ethical conduct as a public-interest responsibility crucial for confidence and transparency in the financial system, underscoring auditors' role in maintaining capital market integrity and investor protection.

    Policy & regulationGuidance & interpretationAuditing
  • 2025-09-16IsraelBank of Israel

    Bank of Israel reports Israel’s net international investment position rose to about USD 244 billion in Q2 2025

    The Bank of Israel reported a USD 7 billion increase in Israel's International Investment Position surplus for Q2 2025, reaching approximately USD 244 billion. This was driven by a rise in external assets and liabilities, with notable increases in nonresident investments and Israeli residents' foreign securities holdings, alongside a 1.4 percentage point rise in the gross external debt-to-GDP ratio to 28.7 percent.

    Data & statisticsBalance of payments and other external statistics
  • 2025-09-16ItalyItalian Securities Commission (Consob)

    Italian Securities Commission and Italian Competition and Market Authority sign three-year cooperation protocol to coordinate enforcement and information sharing

    Consob and AGCM have signed a memorandum to enhance cooperation, including reciprocal referrals, information exchanges, joint inquiries, and reports to Parliament and the Government. A technical group will oversee implementation, focusing on AI and crypto-assets.

    Policy & regulationCooperationCross-border cooperation
  • 2025-09-16United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority publishes thematic review on high-growth DIFC firms and calls for stronger compliance resourcing and oversight

    The Dubai Financial Services Authority (DFSA) reviewed high-growth firms in the Dubai International Financial Centre, noting risks of growth outpacing resources and controls. The report identifies weaknesses like inadequate compliance resourcing and insufficient management information, while highlighting good practices such as early DFSA engagement and proactive resource investment. Firms are expected to integrate these findings into their business models and may need to demonstrate compliance in future supervisory engagements.

    SupervisionReviews, inspections & stress testsSupervision process and methodologies
  • 2025-09-16KosovoCentral Bank of the Republic of Kosovo

    Central Bank of the Republic of Kosovo completes phase two of Western Balkans central bank capacity-building programme to support alignment with the European System of Central Banks

    The Central Bank of the Republic of Kosovo completed the second phase of the Capacity Building Programme for Central Banks in the Western Balkans, enhancing capabilities for integration into the European System of Central Banks. Over 36 months, the programme included 20 specialised trainings, four policy workshops, and bilateral activities with European central banks, focusing on governance, risk management, and financial stability. The initiative was funded by the European Union under the Instrument for Pre-Accession Assistance (IPA III).

    Institutional developmentCooperation & capacity buildingCapacity building
  • 2025-09-16ChileMinistry of Finance (Chile)

    Ministry of Finance (Chile) advisory commission compiles first national register of financial education initiatives to support ENEF update

    The Ministry of Finance (Chile) announced that its Advisory Commission for Financial Inclusion (CAPIF) has created a register of financial education programmes to update the National Strategy for Financial Education. The mapping includes diverse actors and thematic areas, revealing over half of the entities have their own programmes, with more than a third having national reach. CAPIF is preparing a report on these findings for presentation during Financial Education Month in October.

    Policy & regulationImplementation, projects & pilotsFinancial literacy and education
  • 2025-09-16AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission publishes sustainability report assurance FAQs and signals pragmatic enforcement during phase-in

    The Australian Securities & Investments Commission has issued FAQs clarifying review and audit obligations for sustainability reports under the Corporations Act 2001. The guidance covers auditors' responsibilities, report content, and liability settings, as well as preparers' duties regarding auditor engagement. Supervision and enforcement will be pragmatic and proportionate, with stricter enforcement for serious misconduct.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-09-16AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority remakes private health insurance fund enforcement and risk equalisation rules with minor updates ahead of 1 October 2025 sunset

    The Australian Prudential Regulation Authority has updated the Private Health Insurance (Health Benefits Fund Enforcement) Rules 2025 and the Private Health Insurance (Risk Equalisation Administration) Rules 2025 to maintain their currency and effectiveness, as the previous versions were set to expire on 1 October 2025.

    Policy & regulationRules & requirementsPrudential risks
  • 2025-09-16AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority remakes private health insurance enforcement and risk equalisation rules with minor updates ahead of 1 October 2025 sunset

    The Australian Prudential Regulation Authority has remade the Private Health Insurance (Health Benefits Fund Enforcement) Rules 2025 and the Private Health Insurance (Risk Equalisation Administration) Rules 2025 to ensure their continuity beyond the 1 October 2025 sunset date.

    Policy & regulationRules & requirementsPrudential risks
  • 2025-09-16MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission amends captive insurance rules to embed IFRS 17 measures, revise capital calculations and add substance requirements

    The Mauritius Financial Services Commission has amended the Captive Insurance (Captive Insurance Business) Rules 2024 to align with IFRS 17, revising definitions and capital calculations, and introducing explicit substance requirements for core income-generating activities. Key changes include new definitions for insurance contracts, updated available capital components, and expanded reporting requirements. Effective 29 September 2025, the amendments also mandate separate accounts for each insurance class and set asset capital factors by asset type.

    Policy & regulationRules & requirementsOther
  • 2025-09-16MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission confirms termination of SAFEFIN Management Services’ Treasury Management Licence effective 5 November 2024

    The Mauritius Financial Services Commission announced that SAFEFIN MANAGEMENT SERVICES LTD has surrendered its Treasury Management Licence No. TM18000007, effective 5 November 2024. The termination is in accordance with sections 28(5) and 28(9) of the Financial Services Act.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-16MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission terminates QIEF Management, LLC Investment Adviser Unrestricted licence following surrender

    The Mauritius Financial Services Commission announced that QIEF Management, LLC has surrendered its Investment Adviser (Unrestricted) Licence, effective 27 May 2025. The termination was conducted in accordance with sections 28(5) and 28(9) of the Financial Services Act.

    SupervisionAuthorisations & approvalsLicence withdrawal
  • 2025-09-16UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves draft rulemaking measures and registers multiple collective investment fund securities issues

    The Ukraine National Commission on Securities and Stock Market approved draft rulemaking measures and adopted registrations related to securities by collective investment funds and a corporate bond issuer. Key actions include approving a draft Cabinet resolution on asset management, amending previous NSSMC decisions, and registering share issues and prospectuses for multiple investment funds. Additionally, the Commission replaced registration certificates for Shatoinvest LLC's corporate bonds following partial redemption.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-16LatviaCentral Bank of Latvia

    Central Bank of Latvia authorises CSP Growth Solutions SIA as a crowdfunding service provider

    The Central Bank of Latvia has authorized CSP Growth Solutions SIA to operate as a crowdfunding service provider under Regulation (EU) 2020/1503. The firm is now listed in the national register, allowing it to facilitate loans and offer related services such as portfolio management and credit scoring. The Central Bank maintains the national register, while the European Securities and Markets Authority oversees the EU-wide register.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-16LatviaCentral Bank of Latvia

    Central Bank of Latvia authorises CSP Growth Solutions SIA to operate as a crowdfunding service provider

    The Central Bank of Latvia has authorized CSP Growth Solutions SIA to operate as a crowdfunding service provider, enabling it to facilitate loans and offer ancillary services such as portfolio management and credit scoring. This authorization is mandated under Regulation (EU) 2020/1503, with the central bank maintaining a national register of such providers.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-16PeruCentral Bank of Peru

    Central Bank of Peru reports 14.8% growth in exports in January–July 2025 and a 12‑month trade surplus of USD 26,405 million

    The Central Bank of Peru reported a 14.8% year-on-year increase in total exports to USD 47,237 million for January–July 2025, driven by a 12.3% rise in export prices. Traditional exports rose 13.5% to USD 34,809 million, while non-traditional exports increased 19.0% to USD 12,297 million. July exports reached USD 7,188 million, with a goods trade surplus of USD 2,103 million, reflecting higher export prices and increased imports.

    Data & statisticsBalance of payments and other external statistics
  • 2025-09-16MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique launches upgraded Bank Supervision Application with online licensing complaints handling and policy authenticity verification

    The Insurance Supervision Institute of Mozambique has launched an updated Bank Supervision Application (BSA) for the insurance and pensions sector to enhance supervisory processes and support reforms. The new version includes an online licensing portal, complaints portal, and verification of insurance policies, improving consumer-facing processes and complaints management. The launch was officiated by Albertina Fruquia, Permanent Secretary of the Ministry of Finance.

    SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
  • 2025-09-16BermudaMinistry of Finance (Bermuda)

    Bermuda Ministry of Finance underscores responsible AI, regulatory investment and local skills pathways in BILTIR 2025 opening remarks

    The Ministry of Finance (Bermuda) emphasized artificial intelligence as a transformative force for the life and annuity sector at the 2025 Bermuda International Life & Annuity Conference. The Minister highlighted Bermuda's significant role in global reinsurance and the sector's growth, while addressing AI's potential applications and challenges. The conference features a keynote by technologist Maurice Conti and panels on industry trends.

    Policy & regulationReform agendas & prioritiesFintech and insurtech
  • 2025-09-16IndonesiaOJK

    Indonesia's Financial Services Authority issues new bank transparency and report publication rules effective February 2026

    Indonesia's Financial Services Authority (OJK) issued Regulation No. 18 of 2025, enhancing the disclosure framework for banks to ensure transparent and accurate publication of financial statements and other material information. The regulation mandates comprehensive reporting, certified by Chartered Accountants, with oversight from boards and potential sanctions for non-compliance. It applies to conventional and Islamic banks, including foreign branches, and repeals the previous regulation, effective February 2026.

    Policy & regulationRules & requirementsAccounting and financial reporting
  • 2025-09-16ChinaCentral Bank of the Republic of China

    People's Bank of China highlights unified cross-border QR code gateway pilot and plans to deepen payment interoperability

    The People's Bank of China, via Deputy Governor Lu Lei at the 14th China Payment and Clearing Forum, stressed enhancing payment interoperability, focusing on cross-border connectivity and QR code payments. Achievements include interoperability between mainland China and Hong Kong's fast payment systems and a trial launch of a unified cross-border QR code gateway. The central bank aims to guide industry participants in advancing cross-border payment interconnection and expanding globally connected funding channels while promoting innovation within a secure and compliant framework.

    Policy & regulationReform agendas & prioritiesCross-border payments
  • 2025-09-16PortugalBank of Portugal

    Bank of Portugal publishes August 2025 securities statistics with resident debt securities at EUR 320.5bn and listed shares up EUR 642m

    The Bank of Portugal's August 2025 securities statistics show debt securities redemptions exceeded issuance, slightly reducing the outstanding stock, while listed shares' market value rose by EUR 642 million due to valuation gains. Debt securities issued by residents totaled EUR 320.5 billion, with notable net redemptions in the financial sector and general government, partially offset by non-financial corporations' net issuance. Outstanding ESG debt securities increased to EUR 13.8 billion, with scheduled debt redemptions over the next 12 months at EUR 57.5 billion.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-09-16PortugalPortuguese Insurance Regulator (ASF)

    Portuguese Insurance Regulator president reviews six-year mandate and highlights seismic events protection fund proposal

    The Portuguese Insurance Regulator's president, Margarida Corrêa de Aguiar, positively assessed her six-year tenure, highlighting progress in modernisation, regulation, and consumer protection despite budget constraints. She discussed future initiatives, including a seismic protection fund, enhancing long-term savings and financial literacy, and the importance of an EU-harmonised tax framework for a European Personal Pension Regime (PPR).

    OtherRegulatory burdenSupervision process and methodologies
  • 2025-09-16United StatesFinancial Industry Regulatory Authority

    Financial Industry Regulatory Authority launches Crypto and Blockchain Education Program for member firms

    The Financial Industry Regulatory Authority (FINRA) has introduced a Crypto and Blockchain Education Program for member firms and employees, featuring e-learning and in-person courses in collaboration with Georgetown University. The program, launching in October on FINRA’s FLEX platform, covers crypto and blockchain fundamentals, operations, and fraud risks, with a focus on compliance support.

    Financial literacy & educationBlockchain and distributed ledger technologyFinancial literacy and education
  • 2025-09-16GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance rolls out timologio B2G app as electronic invoicing becomes mandatory for all public procurement

    Greece’s Ministry of National Economy and Finance, with the Ministry of Digital Governance and the Independent Authority for Public Revenue, has launched the timologio B2G application for electronic invoicing in the public sector. This facilitates submission and tracking of electronic invoices for public contracts, completing the transition to mandatory universal electronic invoicing for all procurement. The service is free and accessible via AADE’s timologio platform, routing invoices through the Interoperability Centre.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-09-16GreeceMinistry of National Economy and Finance (Greece)

    Greece's Ministry of National Economy and Finance sets out investment-led growth agenda and backs HCAP’s evolution toward a sovereign wealth fund

    Minister Kyriakos Pierrakakis of Greece's Ministry of National Economy and Finance emphasized growth priorities at the Athens International Investor Summit, focusing on capital formation and institutional upgrades to attract international investment. He highlighted Greece's fiscal surplus, declining public debt, and above-average growth, alongside rising investment and export levels. Recent developments include Euronext's proposal to acquire the Athens Stock Exchange and UniCredit's interest in Alpha Bank.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-09-16Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission bans former Citigroup Global Markets Asia senior manager Richard Heyes for five years over controls failures tied to mislabelled IOIs and facilitation trades

    The Hong Kong Securities and Futures Commission has banned Richard Charles Heyes, a former senior officer at Citigroup Global Markets Asia Limited, from the industry for five years due to management and supervisory lapses linked to misconduct from 2008 to 2018. Heyes failed to control mislabelled indications of interest and misrepresentations in facilitation trading, despite warnings and client complaints. The SFC considered the seriousness of the failings, Heyes' cooperation, and his clean disciplinary record in determining the sanction.

    EnforcementSanctions & designationsCorporate governance
  • 2025-09-16CanadaFinancial Services Regulatory Authority of Ontario

    Financial Services Regulatory Authority of Ontario establishes Technical Advisory Committee for auto insurance fraud to support Fraud Reporting Service implementation

    The Financial Services Regulatory Authority of Ontario has formed a Technical Advisory Committee for Auto Insurance Fraud to guide the Fraud Reporting Service and future phases of its Fraud and Abuse Strategy. The committee includes nine industry leaders from major insurers, selected for their expertise in claims, underwriting, and fraud investigation. The first meeting is set for September 22, 2025, with the mandate concluding by December 31, 2026.

    Policy & regulationCooperationFraud and scams