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2025-09-15•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority, French Autorité des Marchés Financiers, and Italy’s Commissione Nazionale per le Società e la Borsa released a position paper proposing changes to the EU Markets in Crypto-Assets Regulation (MiCA) for better supervisory consistency and investor protection. It suggests European Securities and Markets Authority oversight of major crypto-asset providers, stricter rules for non-EU platforms, mandatory cybersecurity audits, and improved white paper scrutiny, aligning with Financial Stability Board and International Organization of Securities Commissions recommendations.
Policy & regulationCooperation
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2025-09-15•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites, phishing emails, and other scams involving OCBC Bank (Hong Kong) Limited and DBS Bank (Hong Kong) Limited. The HKMA reminded the public that banks will not request sensitive information via SMS, email, or phone, nor send links for transactions. Affected individuals should contact the relevant bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-09-15•Global•Bank for International Settlements
The BIS Quarterly Review introduces a survey showing households' 12-month-ahead inflation expectations exceed current rates and professional forecasts, linked to post-pandemic price surges. Conducted in 31 economies, it highlights wide expectation dispersion, with some anticipating inflation above 15% and a 6% real wage loss. The study notes limited awareness of central banks' roles, with social media as a key information source, especially in emerging markets.
Research
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements (BIS) published a Quarterly Review article using its debt securities statistics to analyze bond financing and financial stability vulnerabilities. It notes a post-2008 shift from bank loans to bond markets, with government issuance driving expansion and private sector borrowers relying on foreign currency bonds, mainly in US dollars. It highlights challenges in monitoring hedging and potential currency and duration mismatches on investors' balance sheets.
ResearchBalance of payments and other external statistics
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2025-09-15•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria published August 2025 data on banknotes and coins in circulation, available in dynamic series and tabular form. The information is accessible in the "Statistics of banknotes and coins in circulation" section, along with a dissemination calendar.
Data & statisticsCurrency and cash management
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2025-09-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority will hold a biannual AML forum on 7 October 2025 to update compliance heads on the MONEYVAL mutual evaluation process and the Island’s preparations for the October 2026 evaluation. The event will include presentations on the National Risk Assessment, a timeline for the evaluation, and expectations for firms, with opportunities for Q&A and informal engagement. Attendance is limited to one representative per supervised entity, and the session will be recorded for distribution.
Policy & regulationGuidance & interpretationAML and CFT
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2025-09-15•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued guidance on registered office and accommodation address services under the Financial Services Act 2008 and Class 4 of the Regulated Activities Order 2011. The guidance helps companies and individuals determine if their activities require authorization and highlights the need for a licence or applicable exemptions. It also references a Central Registry practice note on registered office requirements.
Policy & regulationGuidance & interpretationAML and CFTRegulatory burden
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2025-09-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan discussed its draft Law on Banks and Banking Activity with the Kazakhstan Association of Financiers and bank executives. The draft aims to modernize banking regulation by removing outdated rules, supporting financial technology, and enhancing stability. Key proposals include new bank licensing, Islamic finance development, conduct supervision, corporate governance improvements, and problem bank regulation, with further discussions on lending, financial ombudsman roles, and senior management requirements.
Policy & regulationRules & requirementsOther
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2025-09-15•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has submitted draft legislation to the Mazhilis of Parliament to overhaul bank law and amend financial market regulations. The proposal aims to modernize the framework by enhancing bank resource mobilization, competition, financial technology, and digital asset regulation, including the digital tenge. It introduces new bank licensing approaches, Islamic finance development, conduct supervision, corporate governance improvements, and troubled bank regulation, aligning with international standards and expert recommendations.
Policy & regulationRules & requirementsLicensing framework and process
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2025-09-15•India•Reserve Bank of India
The Reserve Bank of India has issued a consolidated Master Direction on the Regulation of Payment Aggregators, creating a unified framework for bank and non-bank entities. Effective immediately, it replaces previous guidelines and introduces requirements for cross-border activities, including net-worth criteria, governance standards, and compliance mandates. Key provisions include prohibitions on co-mingling funds, transaction caps, and mandatory escrow arrangements, with detailed transition and compliance timelines for existing and new entities.
Policy & regulationRules & requirementsPayments and payment systems
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2025-09-15•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities announced the appointment of Emad Muhammad Abuhaltam as chairman of the Jordan Securities Commission’s Board of Commissioners, with Muhammed Abd Al Satattar Jaradat, Alla Eldin Naser Al Zubai, and Elyas Ayoub Izriqat as commissioners.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-15•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission announced results of its "Insurefluencer the new GEN 2025" programme and School Media Creator Award, aimed at enhancing youth engagement in insurance knowledge. Wachiraprakarn Wittayakom School won the Insurefluencer competition, receiving a THB 80,000 grant, while other schools were recognized for creativity and communication. Plans for 2026 include expanding the school network and integrating student projects into communities.
Financial literacy & educationOther
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2025-09-15•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
MENAFATF participated in the 2025 Global Coalition to Fight Financial Crime Summit, where President Samya Abou Sharif emphasized leadership and collaboration in anti-money laundering and counter-terrorist financing. MENAFATF's involvement included discussions on cooperation, policy development, and emerging financial crime trends aligned with Financial Action Task Force standards.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-09-15•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) participated in the 2025 Annual Summit of the Global Coalition to Fight Financial Crime, emphasizing leadership and collaboration in anti-money laundering and counter-terrorist financing efforts. MENAFATF's President and Executive Secretary highlighted regional cooperation and policy development aligned with Financial Action Task Force standards.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-09-15•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported a 12.0% decrease in consumer complaints in Hidalgo from January to August 2025, totaling 3,027 cases. Despite the decline, the amount claimed rose by 25.2% to MXN 114.7 million, with MXN 25.1 million recovered, an 80.6% increase. Commercial banks were the primary sector involved, with 63.3% of complaints, mainly concerning unrecognised purchases and electronic transfers.
Data & statisticsComplaints and dispute resolution
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2025-09-15•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait hosted the second annual conference of the Committee of the Governors of the Central Banks in the GCC Countries, focusing on "Central Banks in the Age of Artificial Intelligence," on 14 September 2025.
Policy & regulationCooperationArtificial intelligence
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2025-09-15•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan held the first meeting of a National Expert Group to prepare for the third round of evaluating the country's anti-money laundering and counter-terrorist financing framework. Formed under a 2025–2027 action plan approved by the Prime Minister, the group includes representatives from relevant ministries and agencies. Members will train on Financial Action Task Force standards and support data collection and meetings with assessors.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-09-15•Liberia•Central Bank of Liberia
The Central Bank of Liberia’s latest Regulator magazine centers on the rollout of PAPSS and a national Financial Education Program, alongside a broader 2025-2029 reform agenda for payments, supervision and financial inclusion. It also reports a 0.25 percentage point increase in the policy rate to 17.25 percent and outlines plans to modernize payment infrastructure, advance insurance sector reform and expand county-level outreach.
Policy & regulationReform agendas & prioritiesPayments and payment systemsFinancial inclusionFinancial stability and systemic risk
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2025-09-15•Europe•European Central Bank
The European Central Bank's working paper examines how fiscal stimulus announcements signal policymakers' economic assessments, potentially undermining fiscal policy's stabilizing effects. Using a Japan dataset, the study finds larger-than-expected fiscal packages during high uncertainty can lead to negative stock-price reactions and reduced GDP growth. The research highlights the nuanced impact of signaling effects on economic outcomes under varying uncertainty levels.
ResearchOther
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2025-09-15•Europe•European Central Bank
The European Central Bank has issued a guideline for national competent authorities within the Single Supervisory Mechanism to adopt a harmonised approach in supervising less significant entities' management of non-performing exposures. The framework aims to standardize supervisory practices across Member States and includes exemptions and transitional measures. Full assessments will apply from 31 December 2028, with transitional calibration for earlier dates.
Policy & regulationGuidance & interpretationAsset quality
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2025-09-15•Europe•European Central Bank
The European Central Bank's Working Paper analyzes how structural labor market shifts impact households' likelihood of holding a mortgage. It finds that economy-wide occupational growth is linked to lower mortgage-holding among workers with favorable prospects, as improved mobility options increase opportunity costs of homeownership. The effects of job permanency and income growth on mortgage likelihood diminish when occupational growth is higher.
ResearchLending
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2025-09-15•Europe•European Central Bank
European Central Bank President Christine Lagarde stressed Europe's need to adapt to "system power" by reducing asymmetric dependencies. She prioritized pooling strategic policies at the European level, enhancing sector coherence, and building coalitions for critical inputs. Lagarde also emphasized strengthening the euro's international role and developing a digital euro.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-09-15•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported on the IMF's concluding statement, which commended efforts to enhance the regulatory framework and consumer protection. The IMF noted the planned implementation of market valuation in January 2026 and emphasized prioritizing Basel II and III standards. Strengthening macroprudential and resolution tools was also highlighted during meetings with key stakeholders.
Policy & regulationPeer reviews and country evaluationsSupervision process and methodologiesPrudential risksFinancial stability and systemic risk
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2025-09-15•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 3.0% year-on-year increase in cash remittances for July 2025, totaling USD 3.18 billion, with sea-based overseas Filipinos contributing USD 585 million and land-based workers USD 2.59 billion. Cumulative cash remittances for January to July rose 3.1% to USD 19.93 billion, with the United States as the top source. Personal remittances grew 3.1% in July to USD 3.53 billion, with cumulative figures reaching USD 22.21 billion for the same period.
Data & statisticsBalance of payments and other external statistics
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2025-09-15•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) has issued a warning to clients of former financial adviser David McEwen and subscribers to the McEwen Investment Report to review their card statements for unauthorised charges, following complaints. The FMA highlighted previous actions against McEwen, including a Stop Order and criminal charges for non-compliance with the Financial Markets Conduct Act 2013.
SupervisionAlertsFraud and scams
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements used multi-sector models to assess short-run effects of recent US and retaliatory tariffs on output, inflation and monetary policy. It projects the largest output declines in Canada (1.2%) and Mexico (1.0%), with smaller falls elsewhere, and significant spillovers to services. Simulations show that treating tariffs as a supply shock and “looking through” the initial price jump can reduce US output losses at the cost of higher inflation, but in economies where tariffs resemble a demand shock, such as Mexico, this worsens both output and inflation relative to a standard Taylor-rule response.
Research
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2025-09-15•Global•Bank for International Settlements
The Bank for International Settlements has proposed a new two-dimensional taxonomy for classifying central banks’ monetary policy operational frameworks, arguing that traditional corridor versus floor labels are too coarse. The framework is based on the marginal opportunity cost of holding reserves—defined as the spread between the overnight money market rate and the central bank deposit facility rate—and the quantity of reserves, including certain overnight central bank liabilities, with application to 12 jurisdictions in 2024 revealing wide dispersion in both dimensions and unexpected similarities across different designs.
Research
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2025-09-15•Serbia•National Bank of Serbia
The National Bank of Serbia concluded Phase II of a capacity-building programme with the EU under the Western Balkans Central Banks and Supervisors Programme, funded by the EU’s Pre-Accession Funds. Implemented with the Deutsche Bundesbank and European System of Central Banks, the programme enhanced governance, risk management, and operational resilience, among other areas.
Institutional developmentCooperation & capacity buildingCapacity building
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2025-09-15•Serbia•National Bank of Serbia
The National Bank of Serbia reported a 69.4% increase in distance contracting in the first half of 2025, with 227,000 contracts, compared to 134,000 in the same period of 2024. Video identification accounted for 29.6% of these contracts, marking a 94.8% year-on-year rise. The second quarter saw a 77.9% increase in distance contracts, with significant growth in demand savings, payment account openings, and other services.
Data & statisticsBNPL
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2025-09-15•Serbia•National Bank of Serbia
The National Bank of Serbia released a list of banks' special loan offers with favourable terms for employees and pensioners with monthly incomes up to RSD 100,000. These include RSD consumer and cash loans up to RSD 1,000,000, refinancing options, and housing loans with lower interest rates and no processing fees. The National Bank will monitor the implementation and impact on the banking sector and citizens' living standards.
SupervisionInterventionsConsumer and investor protection
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2025-09-15•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced a fee of VND 1,000,000 for the re-issuance of a securities practising certificate for Ms. Nghiêm Phương Huyền, as per Ministry of Finance Circular 25/2022/TT-BTC. Payment can be made via bank transfer to specified accounts or directly at the Commission. Failure to collect the certificate within one year will result in cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-09-15•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) released its "Perception of Integrity in the Brazilian Capital Markets – 2025" report, revealing an integrity score of 2.57 out of 5. Professionals in CVM-regulated activities rated integrity higher than others, with investment advisers and real estate fund managers noted as key concerns. The survey will inform CVM's strategic objectives and future actions, though recent measures like adviser remuneration transparency and securities portability were not included.
ResearchCorporate governance
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2025-09-15•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has joined the Organisation for Economic Co-operation and Development’s International Network on Financial Education (OECD INFE) as a full member to enhance financial literacy and inclusion. This membership allows participation in INFE working groups and access to international policy documents, aiding the alignment of financial literacy programmes with global standards.
Policy & regulationCooperationFinancial literacy and educationFinancial inclusion
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2025-09-15•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan joined the first assembly of the Turkic World Insurance Union, where insurance associations signed a proclamation to re-form the union. First Deputy Governor Aliyar Mammadyarov connected sector developments to the "2024–2026 Financial Sector Development Strategy," emphasizing new corporate governance standards and digitalisation progress. Director General Vusal Gurbanov discussed reforms to improve the regulatory framework, aiming to build a sustainable insurance system and enhance transparency.
Policy & regulationReform agendas & prioritiesMarket development
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2025-09-15•Canada•Ontario Securities Commission
The Ontario Securities Commission has initiated an enforcement proceeding against Purpose Investments Inc and Som Seif, alleging misleading statements in sales communications regarding Environmental, Social, and Governance (ESG) factors. The allegations concern communications made between September 2019 and March 2023 about ESG considerations in investment decision-making. A case management hearing is set for October 6, 2025, before the Capital Markets Tribunal.
EnforcementInvestigations & enforcement actions
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2025-09-15•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic’s Payment System Committee extended LLC Green Telecom Service’s licence under the special regulatory regime until 20 March 2026. This extension allows the issuance of payment cards for O!Dengi electronic wallets, subject to the licence's technical specifications.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-15•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic is consulting on a draft Board resolution to establish minimum internal control requirements for exchange bureaus to combat criminal financing and money laundering. The draft aligns with Kyrgyz law and Financial Action Task Force standards, and proposes amendments to existing National Bank rules.
Policy & regulationRules & requirementsAML and CFT
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2025-09-15•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic is consulting on a draft resolution to amend its 2020 rules for the special regulatory regime (SRR). The amendments aim to enhance the legal framework for piloting innovative banking operations and services within a controlled environment.
Policy & regulationRules & requirementsRegulatory burden
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2025-09-15•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission issued Memorandum Circular No. 11, Series of 2025, detailing guidelines on exempt transactions under Section 10 of the Securities Regulation Code. The circular clarifies that no notice or fee is required for transactions exempt under Section 10.1, but issuers seeking confirmation must file an application and pay a fee. It repeals previous circulars and extends benefits to Section 10.1 transactions without prior notice.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-09-15•Global•SWIFT
SWIFT's AI-focused experiments with 13 international banks demonstrated that privacy-enhancing technologies (PETs) can improve cross-border fraud detection without compromising customer data, with one approach doubling fraud identification effectiveness compared to single-institution models. SWIFT plans to expand participation and begin a second testing phase using real transaction data.
Policy & regulationImplementation, projects & pilotsFraud and scamsArtificial intelligence
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2025-09-15•Global•ISDA
The International Swaps and Derivatives Association (ISDA) argues that US capital reforms should recognize the risk-reducing benefits of cross-product netting to avoid constraining bank intermediation capacity, especially with proposed changes to the enhanced supplementary leverage ratio. ISDA emphasizes that the current US capital framework under the Standardized Approach for Counterparty Credit Risk (SA-CCR) overlooks these benefits, potentially misaligning capital with risk and affecting market liquidity, particularly in the US Treasury market.
Policy & regulationReform agendas & prioritiesCapital adequacyPrudential risks
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren sent a letter to Stephen Miran, nominee to the Federal Reserve Board, questioning the impact of Trump Administration tariffs on rising consumer prices, citing August CPI data. Warren highlighted discrepancies between Miran's past remarks and current inflation trends, seeking his response to September CPI figures. The letter also raises concerns about Miran's financial disclosures and independence from President Trump.
Policy & regulationOtherMonetary policy decisions and developments
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, responded to a New York Times investigation linking the Trump family's cryptocurrency firm to a deal with the Emiratis for advanced AI chips. She labeled it a national security risk and urged Congress to intervene. Warren criticized Republicans for drafting partisan crypto market structure bills, advocating for legislation addressing conflicts of interest.
Policy & regulationReform agendas & prioritiesOther
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Ranking Members Elizabeth Warren and Maxine Waters, announcing an oversight probe into the Treasury's decision not to enforce the Corporate Transparency Act (CTA). The lawmakers argue that reduced enforcement facilitates fraud and illicit finance, citing warnings about money laundering and fentanyl trafficking. They question whether Treasury has assessed the national security implications and plan to continue oversight of the CTA's enforcement.
SupervisionReviews, inspections & stress testsBeneficial ownership
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, commented on the D.C. Circuit Court's decision rejecting President Trump's attempt to dismiss Federal Reserve Governor Lisa Cook. Warren stated the effort was illegal and affirmed Cook's position will remain secure if further judicial reviews uphold the ruling.
Other
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren urged the U.S. Senate to reject Dr. Stephen Miran’s nomination to the Federal Reserve Board, citing conflicts of interest due to his role as White House chief economic adviser. Warren warned of risks to Federal Reserve independence, credibility, inflation, and borrowing costs. The nomination is expedited ahead of the Federal Reserve's interest rate meeting.
Institutional developmentLeadership change & appointmentsMonetary policy decisions and developments
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2025-09-15•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission is consulting on draft amendments to rules for Sustainability-Linked Bonds (SLBs) to enhance flexibility and align with international standards. Proposed changes include broader financial return features linked to sustainability indicators and accommodating zero-coupon SLBs. The debt offering registration statement and factsheet will also be updated.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-09-15•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs confirmed Dr. Stephen Miran to the Board of Governors of the Federal Reserve System with a 48-47 vote. Chairman Tim Scott praised the confirmation, highlighting Miran's deep experience and leadership, and expressed confidence in his independent approach to monetary policy.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-15•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC issued compliance guidance on record-keeping for real estate brokers, sales representatives, and developers. It details necessary records, including reports to FINTRAC, transaction records over CAD 10,000, and retention periods of at least five years, specifying maintenance and production methods, with certain exemptions.
Policy & regulationGuidance & interpretationAML and CFTCorporate governance
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2025-09-15•Russia•Central Bank of Russia
The Central Bank of Russia's latest Monitoring of Sectoral Financial Flows review indicates that incoming payments in August increased compared to July but were 6.4% below the 2025 Q2 average. Excluding sectors like mining, quarrying, and petroleum manufacturing, receipts fell by 6.1%, with payment volumes below the Q2 average across most large industries.
Data & statisticsFinancial and market indicators
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2025-09-15•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick is seeking pension industry stakeholders to join a technical working group to develop a defined contribution decumulation framework. The group will review a Commission discussion paper and provide input on issues and design elements for the framework. Participants should be experienced professionals in DC plan administration, design, investments, or member engagement.
Policy & regulationImplementation, projects & pilots
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2025-09-15•Hungary•National Bank of Hungary
The National Bank of Hungary has expanded its Certified Corporate Loan scheme, now including K&H Bank alongside OTP Bank, Erste Bank, and MBH Bank, to enhance investment lending to SMEs. The scheme offers forint-denominated loans with variable or fixed rates, maturities up to 10 years, and amounts starting at HUF 300 million. The central bank awards a CLL rating to qualifying bank loan products to promote sustainable market-based lending.
Policy & regulationImplementation, projects & pilotsLending
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2025-09-15•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) assessed the financial sector's stability in H1 2025, noting strong capitalisation despite volatility. Concerns include declining profitability from reduced net interest income, increased payment scams, and rising non-performing corporate loans, especially in construction. FIN-FSA is reviewing banks' payment-security measures and evaluating recovery capabilities from severe ransomware attacks.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMarket risk and volatility
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2025-09-15•Finland•Finanssivalvonta
The Finnish Financial Supervisory Authority (FIN-FSA) warns of a significant rise in investment scams, particularly via social media, involving non-existent investments and impersonation of banks or firms. Investors are urged to verify authorisations through the FIN-FSA website and report scams to authorities. The FIN-FSA maintains a public warning list of scams and unauthorised providers.
SupervisionAlertsFraud and scams
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2025-09-15•Chile•Central Bank of Chile
The Central Bank of Chile, with Carabineros de Chile, launched the "Conoce tu dinero" campaign to promote banknote and coin verification as cash demand surges by up to 50% during Fiestas Patrias. It emphasizes the "MIT" method for banknotes and "Look, Touch and Compare" for coins, advising against re-spending suspected counterfeits and outlining procedures for voluntary submission for authentication.
Financial literacy & educationCurrency and cash management
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2025-09-15•Chile•Chile Financial Market Commission
The Chile Financial Market Commission fined Rodrigo Topelberg UF 5,000 for providing false information about STF Capital Corredores de Bolsa's financial position. As the indirect owner and manager, he manipulated bank deposits to falsely enhance the broker's equity, solvency, and liquidity, violating several regulations. The misconduct involved eight wire transfers between December 2021 and June 2022, which were reversed shortly after.
EnforcementSanctions & designationsAccounting and financial reporting
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2025-09-15•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned Outsourcing Internacional Corredores de Seguros Limitada for failing to submit audited financial statements for December 2022 on time, breaching Circular Letter No. 2,137. The delay hindered the Commission's supervisory efforts and market assessment of the intermediary's financial status.
EnforcementInvestigations & enforcement actionsAuditing
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2025-09-15•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) imposed a NOK 31,500 penalty on Coburn Resources Pty for failing to publish its half-yearly financial report by the statutory deadline. The breach pertains to the period ending 31 December 2024, with the penalty reflecting previous delays and linked to listing fees. Coburn Resources has the option to appeal the decision within three weeks.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway fined EAM Solar AS NOK 247,000 for late financial reporting, violating the Securities Trading Act. The 2024 annual report was published late and not in the required European Single Electronic Format. The authority deemed the delay negligent despite the company's explanations related to service transitions, accounting complexities, and relisting efforts.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway imposed a NOK 544,000 infringement fee on Interoil Exploration and Production ASA for delayed disclosure of its 2024 annual report, violating the Securities Trading Act. The delay was deemed negligent, with no excusing circumstances, and prior sanctions were considered aggravating factors. Interoil may appeal the decision to the Financial Supervisory Authority Appeals Board.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority has fined Observe Medical ASA NOK 247,000 for failing to disclose its 2024 annual report by the required deadline, violating the Norwegian Securities Trading Act. The breach was deemed negligent, with no excusing circumstances, and the fee was determined based on market value and the issuer's annual listing fee. Observe Medical ASA can appeal the decision to the Financial Supervisory Appeals Board.
EnforcementSanctions & designationsAccounting and financial reporting
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2025-09-15•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) fined Seacrest Petroleo Bermuda Limited NOK 247,000 for not publishing its 2024 annual financial report by the deadline, as required by the Securities Trading Act. The company, in provisional liquidation, lacked resources to prepare the report, and Finanstilsynet found no valid excuse for the failure. The penalty reflects the issuer’s market value, and the decision can be appealed to the Financial Supervision Appeals Board.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-15•Jersey•Jersey Financial Services Commission
The Jersey Financial Services Commission (JFSC) issued a fraud warning about scam emails falsely claiming recipients are owed money held by the JFSC for a "regulatory review" and requiring payment for a "Money Laundering Certificate" to release funds. The JFSC emphasized it does not hold individuals' money for regulatory reviews, issue such certificates, or request sensitive banking information. Recipients are advised not to respond or provide personal information and to verify any JFSC contact through official channels.
SupervisionAlertsFraud and scams
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2025-09-15•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision has initiated a public consultation on a draft Guideline to harmonize coverage expectations for legacy non-performing exposures (NPEs) at less significant institutions (LSIs) in the euro area. The draft sets a common supervisory approach under Pillar 2, allowing national competent authorities discretion, and targets NPEs originated before 26 April 2019. A phased implementation from 31 December 2025 to 31 December 2028 is proposed to mitigate impact, with reporting aligned to existing COREP submissions.
Policy & regulationGuidance & interpretationAsset quality
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2025-09-15•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) and the Hong Kong Monetary Authority (HKMA) reviewed bilateral banking cooperation, emphasizing Vietnam–Hong Kong trade and investment ties. Discussions highlighted the need for international cooperation in green credit, cross-border payment connectivity, and digital transformation, with Hong Kong sharing insights on green finance, fintech, and AI in banking. The SBV and HKMA have maintained a cooperation framework since 2008, establishing over 500 correspondent banking relationships.
Policy & regulationCooperationCross-border cooperation
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2025-09-15•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) and the City of London discussed cooperation on Vietnam's international financial centre, fintech, Open Banking, and digital assets. SBV is drafting a decree on licensing, banking operations, and anti-money laundering for the centre. The meeting highlighted UK-supported initiatives and potential long-term investment interest from UK pension funds, while addressing challenges in crypto assets and cross-border payments.
Policy & regulationRules & requirementsFintech and insurtechMarket development
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2025-09-15•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's 2025 supervisory conference urged credit institutions to enhance governance, compliance, and digital transformation for sustainable operations. Institutions were directed to implement existing directives on credit, focus lending on priority sectors, and manage environmental risks per Circular 17/2022/TT-NHNN. Internal controls were to be strengthened by adhering to Circular 13/2018/TT-NHNN, improving audit quality, and utilizing advanced technologies for continuous monitoring.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-09-15•Maldives•Ministry of Finance (Maldives)
Maldives’ Minister of Finance and Planning Moosa Zameer emphasized the need for a robust domestic capital market to reduce reliance on banks and foreign aid, advocating for diverse investment products and improved access for SMEs and women-led businesses. Speaking at the Maldives Finance Forum 2025, he highlighted the importance of strengthening domestic revenue systems and aligning financial products with sustainability goals.
Policy & regulationReform agendas & prioritiesMarket development
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2025-09-15•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission and the Ministry of Public Security released cases illustrating enhanced enforcement against illegal financial activities. These involve loan and credit card fraud by illegal intermediaries and extortion disguised as insurance surrender services, resulting in significant financial losses and criminal sentences. The crackdown targets "black and grey industry" activities, with substantial prison terms and fines imposed on offenders.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-09-15•Global•SWIFT
SWIFT's experiments with 13 international banks demonstrated that artificial intelligence and privacy-enhancing technologies can enhance real-time fraud detection in cross-border payments while ensuring privacy and security. The trials, which used synthetic data, showed improved fraud identification, and SWIFT plans to expand participation and test with real transaction data.
Policy & regulationImplementation, projects & pilotsFraud and scamsArtificial intelligence
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2025-09-15•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has repealed Resolution No. 38,580/2014, eliminating the Superintendency-run register for insurance market compliance officers. Resolution SSN No. 491/2025 removes a duplicative requirement, as compliance officers must already register with the Financial Information Unit under Resolution No. 50/2011. The Superintendency emphasized collaboration with other state bodies to enhance information sharing for its legal functions.
Policy & regulationRules & requirementsRegulatory burden
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2025-09-15•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan's August 2025 overview reports that 65 domestic banking units (DBUs) and 56 offshore banking units (OBUs) are authorized for renminbi (RMB) business. RMB deposits and loans decreased from the previous month, while remittances increased. As of July 2025, RMB deposits were RMB 120.59 billion, loans were RMB 18.23 billion, and remittances reached RMB 151.35 billion.
Data & statisticsFinancial and market indicators
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2025-09-15•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu announced at Moldova Business Week 2025 the country's imminent connection to the Single Euro Payments Area (SEPA) and the creation of a modern national stock exchange. The SEPA connection aims to enhance euro payment efficiency and align Moldova's payment infrastructure with European standards. The stock exchange is expected to expand funding access for small and medium-sized enterprises and innovative firms.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-09-15•Moldova•National Bank of Moldova
The National Bank of Moldova will host the inaugural international conference “New Technology for Old Markets” in Chișinău on 19 September, in collaboration with the National Bank of Romania and the Bank of France. The event will explore digital transformation in financial markets, focusing on distributed ledger technology, central bank digital currencies, and financial inclusion. Keynote speakers include François Villeroy de Galhau, Jon Frost, and Cosmin Marinescu.
Other
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2025-09-15•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its September 2025 Bahamas Registered Stock secondary market price sheet, detailing bid and ask prices and yields for its portfolio holdings. It includes fixed-rate and floating-rate instruments maturing from September 2025 to October 2054, specifying ISIN details, nominal value, coupon terms, and yield. Floating-rate securities reset semi-annually at the prevailing six-month market rate, with quoted prices excluding accrued interest.
Monetary policyMonetary policy instruments & operationsFinancial and market indicators
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2025-09-14•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported August 2025 remittances at USD 1,046.5 million, with year-to-date inflows reaching USD 7,921.0 million, marking an 11.4% increase from the previous year. The United States contributed 80.4% of August flows, while the National District received 47.5% of remittances. The bank projects 2025 remittances at USD 11,700 million and foreign direct investment at USD 4,800 million, with international reserves at USD 13,887.6 million by end-August.
Data & statisticsBalance of payments and other external statistics
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2025-09-14•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority has authorized Hamah Capital Company to commence arranging activities in the securities business, following the completion of business requirements. This authorization is issued under the Capital Market Law and its Implementing Regulations, pursuant to a CMA licensing resolution from October 2024.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-14•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority has facilitated training for magistrates to manage insurance disputes, as reported by Daily News.
Policy & regulationImplementation, projects & pilotsCapacity building
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2025-09-14•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait reported that the Gulf Cooperation Council central bank governors committee held its 85th meeting in Kuwait, chaired by Governor Basel A. Al-Haroon.
Policy & regulationCooperationCross-border cooperation
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2025-09-14•Jordan•Jordan Securities Commission
Jordan Securities Commission chairman Imad Abu Haltam attributed the ASE performance index surpassing 3000 points for the first time since 2008 to government strategies enhancing liquidity and investment. Key measures include reduced broker commissions, extended trading hours, tax exemptions on mutual fund profits, and citizenship incentives linked to ASE investments.
Policy & regulationRules & requirementsMarket development
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2025-09-14•Iraq•Central Bank of Iraq
The Central Bank of Iraq's Governor, Ali Mohsen Al-Allaq, met with Bank of England Governor Andrew Bailey to discuss bilateral cooperation, focusing on Iraq's digital transformation and foreign reserves management. The meeting also highlighted Iraq's monetary policy performance and its efforts to join the Bank for International Settlements.
Policy & regulationCooperationCross-border cooperation
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2025-09-14•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain announced Governor Khalid Humaidan's participation in the 85th Committee of Central Bank Governors of the Gulf Cooperation Council and his chairing of the 64th Gulf Monetary Council Board meeting in Kuwait. The meetings focused on strengthening financial integration and cooperation among GCC central banks. Additionally, Bahrain officials attended a conference on financial stability and AI applications in central banking.
Policy & regulationCooperationCross-border cooperation
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2025-09-13•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
The Dominican Republic Superintendency of the Securities Market inaugurated Expo Mercado de Valores 2025, emphasizing financial literacy and responsible investment. Superintendent Ernesto Bournigal highlighted a record year for the securities market, with transactions exceeding 710,000 in 2024, and announced regulatory enhancements including crowdfunding regulation and digital transformation. The event features public financial education activities and interactive sessions.
Financial literacy & educationMarket development
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2025-09-13•Papua New Guinea•Bank of Papua New Guinea
The Bank of Papua New Guinea released its September 2025 Economic Outlook report. The full document is available for download in PDF format.
ResearchOther
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2025-09-12•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Finance announced that the Chamber of Deputies approved a bill to temporarily suspend judicial actions and defer payments on social-interest housing loans and micro and small business credits. The six-month measure prohibits interest rate increases and additional charges, addressing rising delinquency rates. The bill, benefiting over 1.4 million borrowers, awaits Senate consideration and requires executive regulations within 10 days post-publication.
Policy & regulationRules & requirementsLending
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2025-09-12•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority and the Hong Kong Federation of Insurers hosted a Hong Kong Green Week event to discuss the insurance sector's role in climate resilience. IA Chairman Stephen Yiu emphasized the need for proactive engagement between regulators and the industry to enhance risk management frameworks. The event featured the IA-led Climate Modelling Project, aiming to improve climate risk assessment and underwriting capabilities through collaboration with academia and industry.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-09-12•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro will integrate into SEPA standards on 7 October for faster, cheaper euro transfers. Electronic payment fees will decrease significantly, saving the economy and citizens substantially. The bank plans a TIPS Clone instant payment system by July 2026, projecting combined benefits from SEPA and instant payments of up to EUR 160 million annually, or 2.3% of GDP.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-09-12•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported that financial stability is safeguarded, with the banking sector remaining sound, liquid, and solvent amid moderate systemic risks. Despite growth in deposits and credit, cyclical risks persist due to rising real estate prices and increased household borrowing. The bank may adjust macroprudential policy if these trends continue, emphasizing ongoing risk monitoring.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2025-09-12•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority and Montenegro Stock Exchange signed a protocol to enforce the Corporate Governance Code for joint-stock companies on Montenegro’s regulated market. The agreement includes developing educational programs for market participants. Amendments to the protocol require mutual consent.
Policy & regulationCooperationCorporate governance
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2025-09-12•Belgium•Belgium Financial Services and Markets Authority
Belgium Financial Services and Markets Authority Chairman Jean-Paul Servais stressed the need for globally aligned solutions for capital market challenges at a Deutsche Bundesbank conference. Servais, also chair of the International Organization of Securities Commissions and the OECD Corporate Governance Committee, linked market functionality to digital transformation and capital market strengthening. He advocated for a seamless framework aligned with global standards to enhance access, liquidity, and investment diversification.
Policy & regulationCooperationMarket development
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2025-09-12•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of BIC Corretora - SCVM, S.A. as a securities brokerage firm. The firm is authorized to operate as an intermediation agent, offering services such as order execution, portfolio management, investment advice, and foreign exchange services under the Commission’s supervision.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-12•Europe•European Banking Authority
The European Banking Authority (EBA) has issued final draft Implementing Technical Standards amending the reporting framework for resolution authorities' decisions on the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Key changes include shifting reporting from annual to semi-annual, expanding information on discretionary elements, and streamlining data fields. These updates align with recent legal changes, including the Daisy Chain Directive, and support the EBA's efforts to assess convergence of MREL-setting practices across Member States.
Policy & regulationRules & requirementsRegulatory reporting
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2025-09-12•Global•Egmont Group
At the 2025 Global Coalition to Fight Financial Crime Summit, the Egmont Group prioritized enhancing Financial Intelligence Units (FIUs) and cross-border anti-money laundering cooperation. They emphasized investment in secure IT systems, training, and collaboration with international bodies. Key discussions included increased funding, operational independence, and modernizing cross-border information sharing, focusing on crypto compliance and supervisory innovation.
Policy & regulationReform agendas & priorities
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2025-09-12•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has partially suspended the registration of seven insurance intermediaries under the Anti-Money Laundering Law. This action follows their failure to respond to FSMA inquiries necessary for assessing their AML risk profile.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-09-12•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) instructed Euronext to suspend trading in MEXEDIA S.p.A. shares due to potential market manipulation indicative of a "pump and dump" scheme. The suspension is effective from 11 September 2025 until 30 September 2025, or until further notice. The AMF advised investors to be cautious of aggressive purchase recommendations and requested evidence from those who bought shares under such advice.
SupervisionInterventionsMarket abuse
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2025-09-12•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of BCS IMPULSIONA, a new publicly subscribed closed-end special securities investment fund. The fund will target opportunities in money and capital markets, managed by BFA Gestão de Activos – Sociedade Gestora de Organismos de Investimento Colectivo, S.A., with Banco de Crédito do Sul, S.A. as the depositary.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-09-12•Ukraine•National Bank of Ukraine
The National Bank of Ukraine has launched registrations for the NBU University Challenge 2025, a student championship on policy decisions regarding interest rates, exchange rates, and foreign exchange restrictions during wartime. Open to teams from Ukrainian higher education institutions, the competition excludes previous finalists and current or former NBU interns or employees. Finalists receive diplomas and internship invitations, with the winning team awarded the NBU Governor Cup.
Financial literacy & educationMonetary policy decisions and developments
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2025-09-12•Australia•Australian Prudential Regulation Authority
APRA's Corporate Plan, presented at FINSIA’s The Regulators, emphasizes "proportionality" to balance prudential mandates with efficiency. APRA has reduced policy consultations, ceased some data collections, streamlined reporting, and modernized its framework. Key focuses include cyber security with CPS 234, simplifying bank licensing, halving timelines, clarifying capital requirements, and potentially adding tiers for smaller banks.
Policy & regulationReform agendas & prioritiesPrudential risksRegulatory burden
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2025-09-12•Australia•Australian Prudential Regulation Authority
APRA Executive Therese McCarthy Hockey outlined the Corporate Plan at FINSIA’s The Regulators, emphasizing balancing prudential mandates with reducing regulatory burdens. Key initiatives include halving policy consultations, modernizing prudential architecture, maintaining stringent cybersecurity standards, and simplifying the bank licensing regime with a potential new tier system for smaller banks.
Policy & regulationReform agendas & prioritiesPrudential risksRegulatory burden
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2025-09-12•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority conducted an educational seminar for Dar es Salaam magistrates to enhance their understanding of insurance law. The initiative aims to improve judicial handling of insurance cases and strengthen cooperation between the regulator and the judiciary for effective law enforcement.
Policy & regulationCooperationOther