-
2025-09-12•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority met with NMB Bank shareholders to enhance commercial ties between the bank and the insurance sector. They agreed to develop strategies to expand insurance services nationwide using banking systems and networks. Discussions included bank support for insurance market growth, particularly in agriculture, and cooperation on the Universal Health Insurance Act.
Policy & regulationCooperationCross-border cooperation
-
2025-09-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is advancing capital market modernization with a focus on innovation and digitalization. Key initiatives include automating regulatory processes, enhancing investor protection, and developing a database for managerial approvals. The Commission is also fostering IT product development for market participants and introducing an "institute of related agents" to expand investment firm networks.
Policy & regulationImplementation, projects & pilotsMarket development
-
2025-09-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved draft regulatory measures, amended its 2025 rule-making plan, and adopted securities registration decisions impacting corporate investment funds. Key proposals include regulations on ownership structures, significant participation approvals, and synchronization of date and time systems. The Commission also approved draft acts for OECD accession, critical infrastructure amendments, and legislative changes related to financial crime prevention amid Ukraine's SEPA accession.
Policy & regulationRules & requirementsOther
-
2025-09-12•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market revised its supervisory approach, emphasizing cooperation and using sanctions as a last resort. New mechanisms allow firms to remedy violations without immediate penalties, with inspections reserved for exceptional cases. The Commission reported seven agreements in 2024 to settle breaches, highlighting a preference for corrective measures over severe sanctions.
SupervisionSupervision approach, priorities & toolkitCompliance
-
2025-09-12•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance, via Secretary of State Ottoniel dos Santos, stressed universal banking access, financial literacy, and transparent customer relationships. Banking profits rose 82% in 2024, focusing on profitability supporting inclusive growth. Regulatory measures like Law 24/21 and Notice 10/2024 aim to enhance supervisory effectiveness and credit to the productive sector, urging banks to act as development partners and leverage digital transformation.
Policy & regulationGuidance & interpretationFinancial inclusionFinancial literacy and education
-
2025-09-12•Georgia•National Bank of Georgia
Natia Turnava, Governor of the National Bank of Georgia, highlighted growing public confidence in the Georgian lari at the VII National Scientific Conference of Economists. The event, marking the thirtieth anniversary of the lari, featured discussions on the currency's role in financial stability and Georgia's economic prospects. Turnava emphasized the central role of economists in the country's stability and development.
Other
-
2025-09-12•Bermuda•Ministry of Finance (Bermuda)
Bermuda's Ministry of Finance introduced the Benefit Entities Act 2025 and the Trustee Amendment Act 2025, establishing a framework for entities pursuing public benefits alongside profit and updating trust law to include environmental, social, and governance considerations. The Benefit Entities framework allows companies, LLCs, and limited partnerships to adopt a public benefit model, with flexibility on identifying specific benefits and reporting requirements. The Trustee Amendment Act allows trustees statutory flexibility to consider non-financial factors in investment decisions.
Policy & regulationRules & requirementsCorporate governanceESG
-
2025-09-12•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has released the draft Actuarial Valuation Rules, 2025 for public consultation to standardize the valuation of insurance contract assets and liabilities for Life and Non-Life Insurance and Takaful businesses. The framework aligns with international principles, incorporating risk-based capital and supervisory regimes, and proposes updates to premium valuation, reserving methodologies, and data quality practices.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-09-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) is consulting on extending its relief for certain low-risk non-cash payment facilities, proposing to reissue the ASIC Corporations (Non-cash Payment Facilities) Instrument 2016/211 for five years. This relief includes exemptions from parts of the Corporations Act 2001 for products like travellers’ cheques, loyalty schemes, and prepaid mobile facilities. ASIC will revisit the relief after a broader payments reform process concludes.
Policy & regulationRules & requirementsBNPL
-
2025-09-12•Australia•Australian Securities & Investments Commission
In a speech on ASIC's 2025-26 corporate plan, Commissioner Simone Constant outlined five strategic priorities, focusing on superannuation member services, capital market integrity, and the ASX operational resilience inquiry. Recent actions include enforcement against super funds for poor services, a report on death benefit claims, and civil proceedings against Equity Trustees. ASIC plans to review retirement communications and publish reports on private credit and market dynamics, with ASX inquiry findings expected by March 2026.
Policy & regulationReform agendas & prioritiesCompliance
-
2025-09-12•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported a cumulative increase in total social financing to the real economy of CNY 26.56 trillion for the first eight months of 2025, CNY 4.66 trillion higher than the same period in 2024. RMB loans to the real economy decreased by CNY 485.1 billion, while foreign-currency loans fell by CNY 81.6 billion. The report highlighted adjustments to the statistical scope from January 2023, including consumer finance, wealth management, and financial asset investment companies.
Data & statisticsMonetary data
-
2025-09-12•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported preliminary end-August 2025 statistics, indicating total social financing at CNY 433.66 trillion, an 8.8% increase year-on-year. Renminbi loans to the real economy were CNY 265.42 trillion, while government bonds rose to CNY 91.36 trillion, increasing their share to 21.1%. The report also highlighted adjustments in statistical scope from January 2023, including non-deposit-taking institutions.
Data & statisticsMonetary data
-
2025-09-12•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority reported that 360 Bermuda commercial (re)insurers incurred USD 1.086 trillion in global gross claims costs from 2016 to 2024, with USD 664 billion to US policyholders. In 2024, claims reached USD 211 billion, 20% of the nine-year total, with property and casualty claims at USD 81 billion and long-term insurance claims at USD 130 billion. The data excludes Bermuda’s captive (re)insurance and insurance-linked securities markets.
Data & statisticsActivity and performance reporting
-
2025-09-12•Lithuania•Bank of Lithuania
Lithuania's balance of payments shifted from a EUR 475.9 million surplus in June to a EUR 120.9 million deficit in July 2025, driven by a wider goods trade deficit and increased primary income deficit. Goods exports fell by 1.8% while imports rose by 14.2%, expanding the trade deficit to EUR 887.4 million. The financial account showed a negative net investment flow of EUR 419.1 million, primarily due to negative net flows in direct and other investments.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•Laos•Bank of the Lao
The Bank of the Lao’s Banking Institute conducted a training course for 65 new employees from 1–12 September 2025, focusing on foundational banking knowledge. The program included theoretical and practical sessions on topics such as the Lao PDR Banking Law, monetary policy, financial stability, and supervision of financial institutions.
Institutional developmentWorkforce & recruitmentOther
-
2025-09-12•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance announced a new package of tax cuts effective from 1 January 2026, including a redesigned income tax scale and a phased abolition of ENFIA for small settlements. Additional measures feature a 30% VAT reduction for specific islands, an intermediate 25% rate for rental income, and various tax exemptions. Since 2019, the government has implemented 83 reductions in taxes and contributions.
Policy & regulationRules & requirements
-
2025-09-12•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance highlighted Deputy Minister George Kotsiras’ interview on tax reforms announced by Prime Minister Kyriakos Mitsotakis, aimed at supporting citizens and increasing disposable income. The reforms focus on reducing direct taxation for the middle class, large families, and pensioners, including a permanent EUR 250 payment for many pensioners and adjustments to living expense presumptions.
Policy & regulationRules & requirementsOther
-
2025-09-12•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance outlined tax measures to boost incomes in island and border communities, including a 30% VAT reduction for certain regions and plans to abolish the ENFIA property tax. Minister Kyriakos Pierrakakis highlighted positive feedback on these reforms and discussed the 'transport equivalent' subsidy, benefiting 425,000 island residents last year. He acknowledged delays in subsidy payments but noted efforts to expedite the process.
Policy & regulationRules & requirements
-
2025-09-12•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance announced the Chamber of Deputies' approval of Draft Law No. 547/2024-2025, suspending judicial actions and deferring payments on social-interest housing loans and micro and small borrower credits. Benefiting over 1.4 million borrowers, it prohibits financial institutions from increasing interest rates or imposing penalties during its six-month validity. The bill now awaits Senate consideration, with implementation details to be regulated by a supreme decree.
Policy & regulationRules & requirementsLending
-
2025-09-12•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has applied to the Court of First Instance to freeze assets for compensating investors affected by alleged market manipulation involving Smartac International Holdings Limited shares. This is part of legal proceedings against Ding Yi Feng Holdings Group International Limited's former chairman, non-executive director, and others for alleged manipulation between October 2018 and March 2019. The SFC seeks orders under section 213 of the Securities and Futures Ordinance, including asset restraint up to HKD 82.4 million.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2025-09-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) released the Exchange Fund's key analytical accounts for August 2025 under the International Monetary Fund’s Special Data Dissemination Standard. Foreign assets decreased by HKD 52.6 billion to HKD 3,487.1 billion, while the Monetary Base was HKD 2,014.2 billion. Claims on the private sector were HKD 329.6 billion, and foreign liabilities were HKD 31.7 billion.
Data & statisticsMonetary data
-
2025-09-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and the Hong Kong Institute of Bankers co-hosted the 2025 Green Fintech Symposium, announcing results from the 2025 Green Fintech Competition. The event, attended by nearly 500 participants, focused on AI, big data, and innovation for Asia’s low-carbon transition. The Competition saw over 140 entries from 26 jurisdictions, marking a significant increase from 2023.
Financial literacy & educationClimate risk and sustainable finance
-
2025-09-12•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert about a fraudulent website and fake internet banking login screen linked to China CITIC Bank International Limited. The HKMA emphasized that banks will not send messages with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
-
2025-09-12•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered John Shimmin under the Designated Businesses (Registration & Oversight) Act 2015, effective 12 September 2025, pursuant to section 12(1)(b).
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
-
2025-09-12•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 approved changes in ownership and bank holding status for Joint Stock Company Home Credit Bank. Bolat Zhamituly Utemuratov is authorized as a major indirect participant, while Joint Stock Company Nova Leasing and Joint Stock Company ForteBank are granted indirect bank holding and bank holding company status, respectively, with ForteBank also permitted to acquire significant participation in the bank's capital.
SupervisionAuthorisations & approvalsLicence approval
-
2025-09-12•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 the Republic of Kazakhstan approved the appointments of Evgeniya Kuzmenko to the Board of Directors of JSC Nova Leasing and Liu Yinhua as Deputy Chair of the Management Board of JSC Industrial and Commercial Bank of China. Both appointments pertain to second-tier banks.
SupervisionAuthorisations & approvalsLeadership change and appointments
-
2025-09-12•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 the Republic of Kazakhstan signed a letter agreement with the International Finance Corporation (IFC) for advisory services. The agreement includes IFC's preparation of recommendations and participation in consultations with stakeholders. The parties also reviewed progress on ESG standards, microfinance conversion, and regulatory drafting support.
Policy & regulationCooperationESGFinancial inclusion
-
2025-09-12•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston recapped a webinar on "capital absorption," emphasizing coordination and local infrastructure for channeling capital into community development. The session highlighted cross-sector collaboration and preparedness as essential for funding, using Fitchburg, Massachusetts' "ReImagine North of Main" initiative as a case study. The discussion underscored the importance of aligned leadership, shared priorities, and strategic partnerships with funders.
Policy & regulationGuidance & interpretationOther
-
2025-09-12•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission issued measures to aid policyholders impacted by storms and flooding, covering life, non-life, and motor insurance from 20 July to 31 December 2025. Key provisions include extended premium grace periods, waived medical exams, and deferred premium collections. Additionally, a five-level flood repair standard for vehicles was established, with repair costs from THB 8,000 to full submersion payouts.
Policy & regulationRules & requirementsOther
-
2025-09-12•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) received recognition for promoting financial literacy through board games, including the game "Over the Moon" which educates on risk management and insurance. The OIC plans to collaborate with the Bank of Thailand and the Securities and Exchange Commission of Thailand on new initiatives integrating insurance, financial planning, and investment content.
Financial literacy & educationOther
-
2025-09-12•Europe•European Central Bank
The European Central Bank reported an increase in total assets and liabilities to EUR 6,083,487 million, up by EUR 1,478 million from the previous week. Key changes include a decline in euro area securities held for monetary policy purposes and an increase in claims on non-euro area residents. The deposit facility decreased significantly, while current accounts rose, with further details to be provided on 16 September 2025.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina (CBBH) discussed payment system modernization with the Banks Association, focusing on the TIPS Clone system for instant payments and SEPA accession. The CBBH reported that 16 of 18 SEPA criteria are met, with further legislative harmonization needed. The TIPS Clone system is set to be operational by July 2026, with CBBH providing technical specifications and support to banks.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
-
2025-09-12•Europe•European Central Bank
The European Central Bank's Occasional Paper examines how EU prudential capital requirements and the resolution framework overlap, limiting banks' buffer usability to 40%-50%. It suggests that final Basel III standards could improve usability by making risk-weighted requirements more binding. The study also considers regulatory options like introducing minimum requirements for eligible liabilities within MREL and prohibiting simultaneous buffer CET1 use across stacks.
ResearchPrudential risksRecovery and resolution
-
2025-09-12•Europe•European Central Bank
The European Central Bank's working paper finds that inflation shocks increase the likelihood of systemic banking crises, independent of monetary policy. Covering 18 advanced economies from 1870 to 2020, it highlights that a 1 percentage point rise in inflation significantly raises crisis probability, especially in countries with high mortgage-to-GDP ratios and low wage growth. The effect is worsened by lower central bank financial independence and fragile bank funding structures.
ResearchFinancial stability and systemic risk
-
2025-09-12•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten signed a Memorandum of Understanding with the Banque de France’s Institut d’Émission des Départements d’Outre-Mer to enhance data collection and analysis of the Sint Maarten–Saint Martin economy. The agreement aims to improve economic forecasting and monetary policy decisions through better data on tourism and integration indicators, and establishes a framework for joint research.
Policy & regulationCooperationDomestic cooperationCross-border cooperation
-
2025-09-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported an increase in external debt to USD 148.87 billion at the end of June 2025, up 1.5% from the previous quarter, mainly due to valuation effects from a weaker US dollar. The debt was 31.2% of GDP, slightly down from 31.5% in the prior quarter. The debt service ratio improved to 8.7% from 9.8% a year earlier, with external debt rising 14.4% year on year, driven by national government bond issuances and external financing by local banks.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a USD 2.6 billion balance of payments deficit in Q2 2025, reversing a USD 1.2 billion surplus from the same period in 2024, due to lower net inflows in the financial account. Local banks increased lending to nonresidents and settled foreign obligations, while portfolio and direct investment net inflows declined amid global financial uncertainty. For H1 2025, the BOP recorded a USD 5.6 billion deficit, reflecting reduced financial account inflows and a wider current account deficit.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•South Korea•South Korea Financial Supervisory Service
In August 2025, foreign investors were net buyers of KRW57.0bn in listed stocks and net sellers of KRW621.0bn in listed bonds, according to the South Korea Financial Supervisory Service. Cumulative foreign holdings at the end of August were KRW904.8trn in stocks and KRW306.7trn in bonds. The US, Ireland, and Luxembourg led net stock purchases, while the UK and Australia were major net sellers; bond sales were driven by outflows from Asia, with net buying in bonds with over five years to maturity.
Data & statisticsForeign exchange policy and markets
-
2025-09-12•Estonia•Central Bank of Estonia
The Central Bank of Estonia released its monthly flash estimate of the balance of payments, detailing its production and revision process. The estimate is based on a smaller database than the quarterly report and incorporates available data, including administrative sources and international payments reporting. Monthly figures are adjusted once quarterly data are published.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•Vietnam•Vietnam State Securities Commission
Vietnam's Ministry of Finance approved a scheme to restructure the investor base and promote the securities investment fund sector, effective immediately. The initiative aims to rebalance participation among individual, institutional, and foreign investors, enhance individual investor quality, and diversify the domestic investor base. It also encourages pension funds and insurance companies to participate, supporting sustainable investment.
Policy & regulationImplementation, projects & pilotsMarket development
-
2025-09-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Securities Research and Training Center in Ho Chi Minh City conducted a training course on AI applications in stock analysis and valuation. The course, aimed at enhancing practical AI capabilities, included modules on core stock analysis, AI data processing, and AI integration in valuation. Participants comprised securities firms, banks, financial institutions, and individual investors.
Policy & regulationImplementation, projects & pilotsFintech and insurtechArtificial intelligence
-
2025-09-12•Vietnam•Vietnam State Securities Commission
Vietnam's Government has approved a project to upgrade the securities market, aiming to meet international classification criteria. Short-term goals include upgrading from FTSE Russell Frontier to FTSE Russell Secondary Emerging by 2025. Long-term objectives target MSCI Emerging Markets and FTSE Russell Advanced Emerging status by 2030.
Policy & regulationImplementation, projects & pilotsMarket development
-
2025-09-12•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of the Republic of North Macedonia supported the Macedonian Stock Exchange's sixth annual "Investor Day," allowing domestic individuals to trade shares commission-free for turnover up to EUR 10,000. The event saw 396 transactions and 547 orders, marking the highest daily figures in 2025, with turnover exceeding EUR 917,000. The initiative was backed by the Securities Commission, the Macedonian Stock Exchange, and the Central Securities Depository.
Policy & regulationImplementation, projects & pilotsMarket development
-
2025-09-12•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan convened the Macroeconomic Resilience Working Group to assess progress on the 2022–2026 Socio-Economic Development Strategy, focusing on resilience to impacts. The meeting reviewed first-half 2025 achievements and set follow-up actions, with contributions from government and financial entities. Key discussions included monitoring and evaluation of 15 measures across three activity areas to enhance implementation effectiveness.
Policy & regulationImplementation, projects & pilotsMacroprudential policy and tools
-
2025-09-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a Russia sanctions notice under the Russia (Sanctions) (EU Exit) Regulations 2019, requiring firms to identify and report business links to specified ships. Firms must report findings to the States of Guernsey Policy & Resources Committee and notify the Commission, complying with statutory and regulatory obligations, including Handbook Rule 12.37.
Policy & regulationGuidance & interpretationSanctions list update
-
2025-09-12•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has issued a Russia sanctions notice designating additional individuals and entities under the Russia (Sanctions) (EU Exit) Regulations 2019, with the UK regime applied in Guernsey. Designated persons face asset freezes and trust services sanctions, appearing on the UK consolidated list. Businesses must freeze assets linked to these individuals, report findings to the States of Guernsey Policy & Resources Committee, and comply with statutory obligations, including reporting to the Commission under Handbook Rule 12.37.
Policy & regulationGuidance & interpretationNew sanctions designations
-
2025-09-12•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Osh regional department, in collaboration with the State Tax Service, fined two individuals KGS 17,500 each for unlicensed cash foreign currency exchange operations in Aravan district. Guidance on the consequences of such unlawful activities was also provided.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2025-09-12•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 5.7bn in July 2025, up from PLN 2.1bn in July 2024, driven by deficits in trade in goods, primary income, and secondary income. Goods exports rose 2.1% to PLN 119.9bn, while imports increased 2.3% to PLN 125.3bn, with export growth supported by re-exports and higher agricultural prices. The primary income deficit widened due to a weaker foreign direct investment balance and higher income of foreign investors.
Data & statisticsBalance of payments and other external statistics
-
2025-09-12•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji released its Gender Inclusive Finance Report, identifying barriers to women's access to financial services and recommending targeted interventions. The report, developed with Tufts University and the Asian Development Bank, highlights progress in female account ownership but notes ongoing challenges such as underrepresentation and limited data on women-owned businesses.
ResearchDiversity and inclusion
-
2025-09-12•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC denied Charan Insurance's request to extend the deadline for Q1 2025 interim financial statements. The SEC stressed timely disclosure and instructed prompt filing via the Stock Exchange of Thailand’s system. Despite hiring a consulting firm for compliance with Thai Financial Reporting Standard 17, the SEC found no grounds for an extension.
SupervisionAuthorisations & approvalsAccounting and financial reporting
-
2025-09-12•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 1,175,000 penalty on the Saskatchewan Indian Gaming Authority for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate suspicious transaction reporting and failure to maintain updated compliance policies. The penalty was issued on 28 August 2025.
EnforcementInvestigations & enforcement actionsAML and CFT
-
2025-09-12•Hungary•National Bank of Hungary
The National Bank of Hungary (MNB) is boosting international central bank cooperation, focusing on Asian financial institutions, and has created a new deputy governorship for international relations. Governor Mihály Varga emphasized the global economic shift towards Asia and highlighted China's significant trade relationship with Hungary. The announcement was made at the Budapest Renminbi Initiative Conference, marking the 10th anniversary of the MNB’s Renminbi Programme.
Institutional developmentMandate & organizational structureCross-border cooperation
-
2025-09-12•Iceland•Central Bank of Iceland
The Central Bank of Iceland's Stress Test 2025 report concludes that Iceland's three systemically important banks can maintain credit supply and support the economy under severe stress scenarios, with loan losses estimated at ISK 145bn and after-tax losses peaking at ISK 13bn. The report, aligning with the European Banking Authority's stress test, indicates that Icelandic banks' capital and leverage ratios decline modestly compared to European banks, meeting all capital requirements throughout the test horizon.
SupervisionReviews, inspections & stress testsStress testingFinancial stability and systemic risk
-
2025-09-12•United States•U.S. Department of Justice
The U.S. Department of Justice unsealed an indictment against Lai Kui Sen and Yan Zhao for conspiracy to commit securities and wire fraud, allegedly generating over USD 100 million through a scheme targeting U.S. retail investors. They allegedly manipulated Ostin Technology Group Co. Ltd.'s share price, resulting in a USD 950 million market cap loss. The case, investigated by the FBI and SEC, was referred by FINRA, with defendants facing up to 25 years' imprisonment if convicted.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-09-12•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) registered two share issues: GARANT-AUTO SA's additional shares of MDL 252,343 and XVG ATLAS GROUP SA's incorporation shares of MDL 600,000. The CNPF rejected a consumer's preliminary request related to an insurance claims file, citing no illegality amid ongoing court proceedings. GARANT-AUTO SA's share issue exceeds 25% of shares in circulation, allowing shareholders to request the company to purchase their shares post-registration with the Public Services Agency.
SupervisionAuthorisations & approvalsSecurities offerings and listings
-
2025-09-12•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) will publish the certificate for the Conventional Current and Maximum Interest Rates in the Official Gazette on 15 September. As mandated by Law No. 18.010, this information is also available on the CMF website.
Policy & regulationRules & requirementsFinancial and market indicators
-
2025-09-12•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority's director, Per Mathis Kongsrud, addressed the Norwegian Banks’ Guarantee Fund’s autumn conference, highlighting the profitability and competitiveness of Norwegian banks while cautioning about international risks. Key risk drivers include geopolitical shocks, high household indebtedness, and low risk premia in commercial real estate. The authority will assess securitisation risks and is working on economic crime initiatives, including regulatory sandbox projects.
SupervisionRisk monitoring & watch pointsAsset qualityCapital adequacyLiquidity risk
-
2025-09-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway is extending the minimum requirement for own funds and eligible liabilities (MREL) to more small and medium-sized banks from 2025, using a simplified requirement set. Seven banks, including Storebrand Bank and OBOS-banken, will be subject to these requirements, with MREL percentages in the 19–22 range and effective MREL in the 29–32 range. No additional banks are expected before 2028 unless there are material structural changes.
Policy & regulationRules & requirementsRecovery and resolution
-
2025-09-12•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway's inspection report on Sparebank 1 Sør-Norge ASA's ICT operations found no major deficiencies but noted minor issues in risk management. Observations include the need for improved governance document follow-up, enhanced ICT risk assessments, and better oversight of outsourced ICT services. The bank must comply with the Digital Operational Resilience Act (DORA) from July 2025.
SupervisionReviews, inspections & stress testsIT management
-
2025-09-12•Thailand•Bank of Thailand
The Bank of Thailand Governor Sethaput Suthiwartnarueput met with State Bank of Vietnam Governor Nguyen Thi Hong in Bangkok to discuss economic policy challenges and enhancing financial institution supervision. They also explored improving data management, technology use for financial stability, and options for deepening bilateral central bank cooperation.
Policy & regulationCooperationCross-border cooperationSupervision process and methodologies
-
2025-09-12•Europe•European Central Bank - Banking Supervision
The European Central Bank’s Governing Council has amended the ECB FINREP Regulation to include nine additional supervisory financial reporting data points, enhancing credit risk assessment for less significant institutions (LSIs). The amendment extends reporting requirements beyond the European Banking Authority’s FINREP standards, adding new data points to templates F18 and F19. These changes apply to LSIs with a reporting reference date of December 2025, with publication in the Official Journal and the corresponding taxonomy expected by September 2025.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-09-12•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) has revised its framework for evaluating futures companies, moving from "classification supervision" to "classification evaluation" to improve compliance and risk management. The updated rules streamline indicators, refine the points deduction mechanism, and update the bonus scoring system to support business development and capital strength. Special evaluations are consolidated into three areas, with incentives for firms aiding in risk resolution and maintaining strong compliance records.
Policy & regulationRules & requirementsSupervision process and methodologies
-
2025-09-12•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) has proposed administrative penalties against Beijing Dongfang Tong Technology Co., Ltd. for inflating revenue and profits over four years. The CSRC plans to fine the company CNY 229 million and seven individuals CNY 44 million, with a 10-year market ban on the actual controller. The case may lead to mandatory delisting and criminal referrals.
EnforcementInvestigations & enforcement actionsFinancial benchmarksAccounting and financial reporting
-
2025-09-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has appointed Do Anh Quan and Pham Thanh Ngoc as Deputy Chief Inspectors of its Inspectorate for five-year terms. Quan was formerly Deputy Director of the Regional Branch I, and Ngoc was Deputy Head of the Legal Department. The appointments aim to enhance leadership capacity amid rising workload and complexity.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-09-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the Bank of Thailand held a high-level dialogue in Bangkok, co-chaired by Governors Nguyễn Thị Hồng and Sethaput Suthiwartnarueput. They discussed macroeconomic policy management, banking-sector developments, and major economies' trade policies, focusing on strengthening inspection and supervision. Both parties agreed to continue regular dialogues, with the next meeting scheduled for 2026 in Vietnam.
Policy & regulationCooperationCross-border cooperation
-
2025-09-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam’s Region 9 branch joined a Da Nang City conference to promote cashless payments, emphasizing their role in enhancing transaction transparency and reducing cash circulation. The branch will continue directing local banks to expand cashless services and invest in technology for safe, efficient transactions. Da Nang reported significant growth in non-cash payments, with a 21-fold increase in transaction value compared to 2022, despite persistent cash use in certain sectors.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
-
2025-09-12•Vietnam•State Bank of Vietnam
The State Bank of Vietnam received a report from the National Credit Information Center (CIC) about a credit information incident and instructed CIC to coordinate with authorities while maintaining operations. The central bank clarified that CIC's credit information excludes sensitive customer data and reiterated directives for credit institutions to comply with cybersecurity and information protection laws. Unlawful handling of credit information will face legal action.
SupervisionInterventionsSupervision process and methodologies
-
2025-09-12•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission revised rules for trust companies, updating the 2007 framework to enhance trustee roles, sector restructuring, and risk management. Key changes include narrowing trust activities, raising capital requirements, and detailing governance, internal controls, and market exit expectations. The rules categorize trust business into asset service, asset management, and public welfare trusts, and adjust permitted activities, governance, and operational requirements.
Policy & regulationRules & requirementsCorporate governance
-
2025-09-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) released a public filing guide for submissions under the automatic authorization regime for open-end mutual funds (Fondos Comunes de Inversión Abiertos, FCI) as per General Resolution No. 1082. The guide outlines handling pending FCI creation or amendment files, registration requirements for new FCIs, and amendment processes for existing FCIs under the new regime. General Resolution No. 1082 takes effect on 15 September 2025.
Policy & regulationGuidance & interpretationSecurities offerings and listings
-
2025-09-12•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has updated its rules for supervising financial institutions on consumer protection, clarifying evaluation results for differentiated actions. The framework applies to institutions like financial leasing and pension insurance companies, assessing governance, marketing conduct, and personal information protection. Outcomes will guide incentives for strong performers and measures for weaker ones.
Policy & regulationRules & requirementsConsumer and investor protection
-
2025-09-12•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission revised the Measures for the Administration of Trust Companies, emphasizing core trust functions, governance, and risk management. Key changes include a higher minimum registered capital, clearer risk disposal arrangements, and standardized conduct for various trust types. The framework mandates stronger Party integration in governance and enhanced risk controls, focusing on trustee duties and operational risk.
Policy & regulationRules & requirementsCorporate governance
-
2025-09-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) attended the OECD’s 147th Financial Markets Committee meeting and Financial Markets Week in Paris, focusing on global market developments and digitalisation. Discussions included sustainable finance, digital innovation, and the role of capital markets in competitiveness, aligning with Argentina's OECD accession process. CNV's involvement underscores its commitment to OECD standards, particularly in corporate governance.
Policy & regulationCooperationCross-border cooperationMarket development
-
2025-09-12•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued Interpretative Criterion No. 99, repealing Criterion No. 98, to clarify the application of the foreign-currency settlement restriction under General Resolution No. 959. The restriction now applies exclusively to the net amount of foreign currency to be settled and cannot generate a receivable balance, but does not apply to sales of bond holdings acquired before the new criterion.
Policy & regulationGuidance & interpretationCross-border payments
-
2025-09-12•Switzerland•Federal Department of Finance (Switzerland)
Switzerland’s Federal Council proposed amendments to enhance international cooperation in financial market supervision. Key changes include restrictions on client procedures in FINMA's administrative assistance, provisions for international cooperation in foreign recognition and audit procedures, and rules for cross-border document service and audits. The revised proposal aims to increase legal certainty and updates the Auditor Oversight Act and National Bank Act.
Policy & regulationRules & requirementsCross-border paymentsMarket development
-
2025-09-12•India•Securities & Exchange Board of India
SEBI approved regulatory changes to enhance business ease and investor protection. Key measures include revised IPO float requirements, single-window access for low-risk foreign investors, and accredited-investor-only pathways in alternative investment funds. Additional changes involve turnover-linked thresholds for related party transactions, REIT reclassification for mutual fund limits, and governance enhancements for Market Infrastructure Institutions.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-09-12•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan has authorized KGI Life Insurance and several banks to expand foreign exchange activities, including wealth management and foreign currency funding instruments. Approvals include First Commercial Bank and Bank of Taiwan issuing foreign currency denominated negotiable certificates of deposit, and Bank SinoPac conducting trust-type discretionary investment in foreign-currency securities. As of August 2025, there are 3,450 authorized banks, including domestic, Mainland, and foreign banks.
SupervisionAuthorisations & approvalsLicence approval
-
2025-09-12•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Supervisory Commission reported a decline in cumulative investment outflows to China by listed companies, with Q2 2025 profits from these investments reaching a record NTD 244 billion. Meanwhile, overseas investments excluding China increased, with cumulative outflows rising to NTD 10,237 billion. The Commission attributed these trends to reduced investment in China and increased repatriation of profits, and will monitor developments.
Data & statisticsMarket developmentMergers and acquisitions
-
2025-09-12•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated the UK Sanctions List under the Russia sanctions regime, adding 30 designated persons and 70 ships, triggering asset freeze and trust services sanctions. Implemented through the Sanctions (Implementation of UK Sanctions) Regulations 2024, the sanctions include prohibitions on port entry and ship registration. Institutions must freeze assets immediately upon a sanctions-list match and report to the Financial Intelligence Unit, ensuring compliance.
Policy & regulationRules & requirementsNew sanctions designations
-
2025-09-11•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay is overhauling its structure to enhance governance, supported by an Inter-American Development Bank consultancy. Key changes include redefining the Board of Directors' role, establishing a Chief Economist for monetary policy leadership, and implementing a General Management function for operational oversight. The restructuring emphasizes a risk-governance split and independent control functions, with no specific implementation dates provided.
Institutional developmentMandate & organizational structureOrganizational structure
-
2025-09-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro completed its participation in an EU-funded programme to align Western Balkan central banks with European standards, implemented by the Deutsche Bundesbank and 19 national central banks. Supported by EUR 3 million under the Instrument for Pre-Accession Assistance, it enhanced capacities in leadership, risk management, and digitalisation. Continued efforts are needed for full compliance with European standards and addressing risks from digitalisation and geopolitical tensions.
Institutional developmentCooperation & capacity buildingCapacity building
-
2025-09-11•Canada•Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada published research showing limited stablecoin ownership among Canadians, with low consumer knowledge and weak regulatory awareness. The survey found 49% of current and previous stablecoin owners faced issues like platform collapses and fraud, while 44% of non-owners cited lack of consumer protection regulation as a deterrent. The findings will guide future policy and financial literacy initiatives.
ResearchFinancial literacy and education
-
2025-09-11•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) has released its activity and accounts report for the 2024 financial year.
Data & statisticsAccounting and financial reporting
-
2025-09-11•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has reported a suspected violation of Law No. 7 of 2010 to the Attorney General. The case involves an electronic platform allegedly conducting securities brokerage and investment portfolio management without necessary registration and licenses.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activityWhistleblowing
-
2025-09-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) proposed amending the European Single Electronic Format Regulatory Technical Standard to incorporate the 2025 International Financial Reporting Standards taxonomy. This mandates using the 2025 taxonomy for financial reports from 2026, with optional use for 2025 reports if adopted in time. The draft RTS, submitted to the European Commission, includes provisions for testing new tags and awaits EU endorsement of IFRS 18 and IFRS 19, expected in early 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
-
2025-09-11•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority released its quarterly dashboard on Belgian public open-ended investment funds, detailing developments from Q2 2025. The press release is available exclusively in French and Dutch.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-09-11•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN), with the Ministry of Finance and Economy and the Inter-American Conference on Social Security, sponsored a diploma programme to enhance actuarial skills for the Dominican pension system. The four-month virtual programme included in-person training and covered social security, mathematics, investment portfolios, and actuarial studies. SIPEN emphasized the programme's role in advancing actuarial work and inter-institutional cooperation.
Institutional developmentCooperation & capacity buildingOther
-
2025-09-11•Denmark•National Bank of Denmark
The National Bank of Denmark's Working Paper No. 216 reveals that individuals inactive in retirement saving are not consistently inactive in mortgage refinancing, suggesting that economic costs of inaction are not confined to specific groups.
ResearchFinancial literacy and education
-
2025-09-11•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority's Q2 2025 reports show a 2.9% increase in net profit to AUD 40.1bn and a 7.2% rise in total assets to AUD 6,673.8bn. The total capital ratio stayed at 20.4%, while liquidity metrics declined, with the liquidity coverage ratio at 130.1% and the net stable funding ratio at 115.9%. Residential credit grew by 5.7% to AUD 2,391.8bn, and new housing loans rose by 16.2% to AUD 187.6bn. Commercial property exposure limits increased by 9.0% to AUD 498.9bn.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-09-11•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Quarterly Authorised Deposit-taking Institution Performance and Property Exposures statistics for the quarter ending 30 June 2025, highlighting a 2.9% increase in net profit after tax to AUD 40.1 billion and a 7.2% rise in total assets to AUD 6,673.8 billion. Liquidity ratios decreased, with the liquidity coverage ratio at 130.1%, while residential credit outstanding grew by 5.7% to AUD 2,391.8 billion, and commercial property exposure limits rose by 9.0% to AUD 498.9 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-09-11•Australia•Australian Competition and Consumer Commission
The Australian Competition and Consumer Commission has revoked authorisation AA1000495 and granted a new authorisation AA1000697 for five years, allowing Australian Payments Network Limited and members of the Issuers and Acquirers Community Framework to continue implementing specified governance provisions. This authorisation pertains to the payment clearing and settlement system, covering certification, suspension, and termination provisions.
SupervisionAuthorisations & approvalsLicence withdrawal
-
2025-09-11•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance held a public consultation in Tete Province on establishing the Mozambique Development Bank (BDM) to enhance project funding. Provincial Governor Domingos Viola emphasized the BDM's role in supporting local businesses and attracting international partners like the Development Bank of Southern Africa. The consultations aim to refine draft legislation, highlighting the need for external development institution participation beyond National Treasury resources.
Policy & regulationReform agendas & prioritiesSME financing
-
2025-09-11•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has concluded the consultation on a proposal for a class exemption from New Zealand climate reporting duties for entities incorporated abroad.
Policy & regulationRules & requirementsClimate risk and sustainable finance
-
2025-09-11•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) used a public event in Arusha to promote health insurance and update on the Universal Health Insurance Act's implementation. TIRA has started registering health facilities, including Mount Meru Hospital, for participation in the Universal Health Insurance for All system.
Policy & regulationImplementation, projects & pilotsOther
-
2025-09-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market conducted a training session on the Law of Ukraine “On Administrative Procedure” to enhance understanding of its key provisions. Viktor Tymoshchuk from the EU project EU4PAR2 led discussions on procedural standards and principles affecting interactions between public authorities, citizens, and businesses.
Institutional developmentCooperation & capacity buildingCapacity building
-
2025-09-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market reported stable and highly liquid market conditions despite a typical summer slowdown, with government bonds leading trading activity. Organized-market turnover reached UAH 83 billion, while unorganized-market turnover was UAH 26.7 billion, both showing significant increases. Commodity exchange turnover was UAH 22.6 billion, primarily driven by electricity trading.
Data & statistics
-
2025-09-11•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets warns that pension participants may receive reduced or no compensation under transition arrangements due to certain choices or life events. The report calls for clearer communication from pension funds and social partners to ensure participants understand eligibility and impacts. Employers and employee representatives are urged to inform and monitor compensation effects in various employment scenarios.
Policy & regulationGuidance & interpretationOther
-
2025-09-11•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
The Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) has initiated its sixth-round mutual evaluation of Hungary, assessing compliance with Financial Action Task Force standards. The launch included a high-level exchange with Hungarian officials and a training session for over 130 stakeholders on FATF standards and MONEYVAL's evaluation methodology.
Policy & regulationPeer reviews and country evaluationsAML and CFTSupervision process and methodologies
-
2025-09-11•Italy•Bank of Italy
The Bank of Italy released updated statistics on international tourism in Italy, using data from June 2025. The statistics are derived from surveys of resident and non-resident travellers, including interviews and traveller counts at various Italian border crossings, ports, and airports.
Data & statisticsBalance of payments and other external statistics
-
2025-09-11•Georgia•National Bank of Georgia
The National Bank of Georgia hosted a delegation from the National Bank of Kazakhstan to enhance cooperation and exchange expertise under a Memorandum of Understanding. Discussions covered macroprudential policy, sustainable finance, bank resolution, microfinance regulation, and risk management for payment and virtual asset service providers. The programme included a meeting with First Vice-Governor Ekaterine Mikabadze, emphasizing cooperation.
Policy & regulationCooperationCross-border cooperation
-
2025-09-11•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) held its 2025 Integrated Capital Market Outreach in Samarinda, aiming to boost capital market literacy among youth and encourage local companies to use the market for funding. The event included sessions on digital assets, investor protection, and sharia capital markets, with over 500 students and industry stakeholders attending. OJK's Hasan Fawzi emphasized understanding investment risks and objectives, especially in crypto assets.
Financial literacy & educationFinancial literacy and education