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2025-09-10•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) plans to launch a public consultation by early October on draft regulations for insurance cooperatives. Prudential and Reinsurance Supervision Director Carlos Queiroz highlighted the cooperative sector's capability to manage insurance risk and emphasized the legal community's role in ensuring compliance with prudential and market conduct rules.
Policy & regulationRules & requirementsOther
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2025-09-10•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) is studying updates to Brazil’s secondary insurance regulatory framework following Law 15.040, as discussed by Director Jéssica Bastos. Key areas include claims handling, limitation periods, and authorisations, with large risks potentially receiving differentiated treatment. SUSEP plans ongoing market engagement to address questions through public consultations and events.
Policy & regulationReform agendas & priorities
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2025-09-10•Kyrgyzstan•Ministry of Finance (Kyrgyzstan)
Kyrgyzstan's Ministry of Finance hosted a regional conference in Bishkek on enhancing AML/CFT systems, marking the 20th anniversary of the State Service for Financial Intelligence. The event concluded with a roadmap signing on risk assessment between the State Financial Intelligence Service and the International Training and Methodological Center for Financial Monitoring. Discussions highlighted effective Eurasian Group practices, cooperation mechanisms, and regional financial security prospects.
Policy & regulationCooperationAML and CFT
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2025-09-10•South Africa•South African Reserve Bank
The South African Reserve Bank released its SADC-RTGS settlement statistics for August 2025, noting 152,660 transactions totaling ZAR 218.56 billion. The cumulative settlement since inception reached 5,478,841 transactions valued at ZAR 17.56 trillion. August 2025 saw participation from 15 countries and 87 banks, with South Africa and Namibia leading in transaction volume and value.
Data & statisticsPayments and payment systems
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2025-09-10•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) assessed fiscal council opinions from closed pension entities on their 2024 financial statements, focusing on regulatory conformity and potential weaknesses. Of the 249 opinions reviewed, 90% were favourable, while others included observations, qualifications, or conflicting wording. Opinions with significant findings have been referred for further review, with PREVIC potentially seeking additional information from the entities involved.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2025-09-10•United States•New York State Department of Financial Services
The New York State Department of Financial Services urges commercial health insurers to cover all vaccines recommended by the Advisory Committee on Immunization Practices. The guidance reiterates existing COVID-19 vaccine coverage requirements for children and encourages self-funded health plans to maintain vaccine cost coverage. This aligns with Governor Kathy Hochul’s order allowing pharmacists to administer the updated 2025–26 COVID vaccine.
Policy & regulationGuidance & interpretationOther
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2025-09-10•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released its KiwiSaver Annual Report 2025, based on statutory data from all KiwiSaver providers for the year ending March, and outlines the FMA's regulatory activities over the past financial year.
Data & statisticsActivity and performance reporting
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2025-09-10•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a year-on-year decline in net foreign direct investment (FDI) inflows for June 2025, totaling USD 376 million, down from USD 457 million. The decrease was driven by a shift in nonresidents' net investments in equity capital, partially offset by increased reinvestment of earnings and investments in debt instruments. For the first half of 2025, net FDI inflows fell by 23.8% to USD 3.4 billion, with contributions from Japan, the United States, and South Korea, primarily in manufacturing, real estate, and trade sectors.
Data & statisticsBalance of payments and other external statistics
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2025-09-10•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority's KiwiSaver Annual Report 2025 indicates resilience in the scheme with a 10% increase in total funds under management to NZD 123 billion, driven by contributions and net investment returns. The report highlights a shift towards growth-category funds, concerns over non-contributing members, stable member fees, and expectations for default providers to engage with members on contributions and planning.
Data & statisticsOther
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2025-09-10•South Korea•South Korea Financial Supervisory Service
South Korea's Financial Supervisory Service and Financial Services Commission reported a KRW 4.7 trillion increase in household lending for August 2025, driven by home-backed mortgage loans. Banking-sector loans rose by KRW 4.2 trillion, while nonbank loans increased by KRW 0.6 trillion. Authorities cited seasonal mortgage demand and increased housing transactions as key factors and will continue monitoring compliance with housing loan regulations.
SupervisionReviews, inspections & stress testsFinancial and market indicatorsSupervisory data
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2025-09-10•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service will co-host an international conference with Ewha Womans University on "Next-Gen Climate Risk Management with AI and Tech" on 11 September 2025. Governor Lee Chanjin emphasized supporting green loans, introducing transition finance, and embedding climate response systems in financial management. The conference will discuss AI-based climate risk supervision, best practices, and balancing economic outcomes with social costs during the energy transition.
SupervisionCooperationClimate risk and sustainable finance
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2025-09-10•Oman•Central Bank of Oman
The Central Bank of Oman has launched an electronic system for Shari’a-compliant OMR liquidity management instruments for Islamic Banking Entities, effective 26 August 2025. The system offers Qard Hassan for intraday liquidity and Restricted Mudaraba for short-term liquidity, with collateralized Shari’a-compliant securities. It also supports the issuance of Islamic Treasury Bills and Sukuk, integrated with national financial market infrastructure.
Policy & regulationImplementation, projects & pilotsLiquidity riskMarket infrastructure
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2025-09-10•Serbia•National Bank of Serbia
The National Bank of Serbia reported a significant increase in payment card usage at Serbian merchants in H1 2025, with domestic card transactions rising 18.4% and foreign tourist purchases up 8.9% year-on-year. The merchant acquiring network expanded to over 177,000 POS terminals, a 19.0% increase from mid-2024, while the ATM network grew to 3,196 machines, up 2.0% year-on-year.
Data & statisticsFinancial and market indicators
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2025-09-10•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission plans a KRW150 trillion National Growth Fund over five years to boost high-tech industries through equity investment, infrastructure finance, and low-interest lending. It will focus on AI, semiconductors, biotech, and future cars, combining KRW75 trillion from a high-tech industry fund with KRW75 trillion from private sources. The initiative aims to add KRW125 trillion in value, support venture scale-up, and create jobs, with a vice-ministerial body coordinating support.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-09-10•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported a EUR 52 million current account surplus for Q2 2025, representing 0.5% of GDP, driven by a smaller goods account deficit and a larger services account surplus. Goods exports increased by 6%, with notable growth in Poland, Lithuania, and France, while services exports rose by 8%, led by telecommunications and computer services. Goods imports grew by 3.2%, influenced by machinery and equipment purchases, while services imports increased by 11%.
Data & statisticsBalance of payments and other external statistics
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2025-09-10•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission released the Government’s Resolution No. 05/2025/NQ-CP, initiating a five-year pilot for a crypto-asset market in Vietnam, effective 9 September 2025.
Policy & regulationRules & requirementsMarket development
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2025-09-10•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia and the Financial Services Authority of Oman signed a two-year Joint Programme for Capital Market Development Cooperation, focusing on supervisory collaboration, capacity building, and knowledge exchange. The programme aims to promote investment opportunities, explore cross-border market access, and assess a mutual recognition agreement for dual listings. It includes staff secondments, training, and participation in the Young Regulators Development Programme.
Policy & regulationCooperationCross-border cooperation
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2025-09-10•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) published an FAQ to clarify the Regulated Carbon Market's framework and its connection to Brazil's capital markets. It addresses 13 questions, including the nature of the Brazilian Greenhouse Gas Emissions Trading System (SBCE), the classification of traded assets, and the CVM's regulatory role concerning carbon credit-related assets.
Policy & regulationGuidance & interpretationCarbon markets
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2025-09-10•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic's Issyk-Kul regional office conducted guest lectures on the history of the Kyrgyz som and QR code payments for Ton district state administration employees and upper-secondary students at Zh. Bokonbaev Secondary School.
Financial literacy & educationFinancial literacy and education
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2025-09-10•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC expanded its OneSEC facility to include corporations with foreign equity, enabling one-day registration for foreign-owned companies. It also introduced reduced corporate data request rates, processing timelines with a "deemed approved" policy, and discounts on registration and filing fees for micro, small, and medium enterprises and firms entering the capital market.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-09-10•Global•Global Financial Markets Association
The Global Foreign Exchange Division and the International Swaps and Derivatives Association responded to the UK FCA's consultation, advocating for removing the SI regime for OTC derivatives and non-equity products. They suggested limiting SI obligations to equity instruments and deleting non-equity entries from the SI Register by December 2025, while supporting coordination with upcoming transparency requirements.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-09-10•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency hosted a study visit by the Capital Market Authority of Montenegro to exchange experiences on investment and pension fund regulation. The visit, part of ongoing EU and bilateral cooperation, focused on aligning domestic rules with the acquis communautaire and supervisory practices.
Policy & regulationCooperationDomestic cooperation
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2025-09-10•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission filed a criminal complaint against Euroasia Total Logistics Public Company Limited and nine individuals for concealing a board-approved interim dividend from its IPO Registration Statement and Prospectus. The SEC alleges violations of the Securities and Exchange Act B.E. 2535 (1992) due to omitting material facts, affecting the Filing Form's accuracy and the company's valuation. The case will proceed through investigation, prosecution, and court adjudication, with the SEC supporting legal enforcement.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-09-10•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on deposit insurance reforms, emphasizing its role in consumer confidence and economic stability. Chairman Tim Scott highlighted the historical success of the Federal Deposit Insurance Corporation (FDIC) and recent challenges, like the 2023 bank failures, as a basis for evaluating reform options. The hearing aimed to explore the trade-offs and potential impacts of expanding coverage.
Policy & regulationReform agendas & priorities
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2025-09-10•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks by Ranking Member Elizabeth Warren opposing Dr. Stephen Miran's nomination to the Federal Reserve Board, citing concerns over his independence from President Trump. Warren highlighted Miran's refusal to acknowledge the 2020 election results, his ongoing White House role, and potential conflicts of interest affecting Federal Reserve credibility and economic outcomes.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-10•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's August 2025 Business Expectations Survey Report shows optimism among firms about macroeconomic conditions, with a Confidence Index of 28.9 projected to rise to 55.9 in six months. All sectors reported positive outlooks for employment and expansion, with the naira expected to appreciate. The North-East showed the highest regional optimism, while the South-East faced challenges due to security issues, insufficient power supply, and high interest rates.
Data & statisticsEconomic data and developments
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2025-09-10•Russia•Central Bank of Russia
The Central Bank of Russia revised rate ranges for compulsory third-party liability insurance for hazardous facilities, effective 21 September 2025. Lower bounds are reduced by 25% for hydraulic structures and petrochemical and mining enterprises, and by 75% for certain power plants and mine construction sites, while other hazardous facilities see a 50% reduction. Upper bounds remain unchanged, reflecting loss ratio dynamics and accident risk.
Policy & regulationRules & requirementsOther
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2025-09-10•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority reaffirmed that SEB, Handelsbanken, Swedbank, and Nordea Hypotek are classified as other systemically important institutions (O-SIIs) in Sweden, requiring a 1% O-SII capital buffer. This follows European Banking Authority guidelines, with Nordea Hypotek scoring 375, above the 350 threshold. The buffer must be met with Common Equity Tier 1 capital at the group level for SEB, Handelsbanken, and Swedbank, and at the institution level for Nordea Hypotek.
Policy & regulationRules & requirementsFinancial stability and systemic risk
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2025-09-10•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services held a hearing on the shareholder proposal process under Securities Exchange Act Rule 14a-8, focusing on proxy advisory firms' influence on corporate governance. Concerns included the complexity and cost of responding to shareholder proposals, over 60% of which are related to environmental and social topics, and the perceived outsized influence and potential conflicts of interest of proxy advisory firms. National security issues regarding foreign ownership of major proxy advisers were also discussed.
Policy & regulationReform agendas & prioritiesCorporate governance
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2025-09-10•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee is examining Rule 14a-8 under the Securities Exchange Act of 1934 and potential reforms to the shareholder proposal process. Chairman French Hill criticized the current framework for enabling activist investors to push non-shareholder value agendas, increasing costs and diverting focus from business strategy. The hearing also addresses the influence of proxy advisory firms and the impact of recent SEC guidance, including Staff Legal Bulletins 14L and 14M.
Policy & regulationReform agendas & prioritiesCorporate governance
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2025-09-10•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's August 2025 Household Expectations Survey shows persistent consumer pessimism with a -7.2 sentiment index, despite improvements in household-finance indicators. The Economic Condition index was -4.3, while Family Financial Situation and Income Sentiment indices improved. Forward-looking macroeconomic sentiment is expected to improve, with price-change perceptions moderating short-term but potentially increasing medium-term.
Data & statisticsEconomic data and developments
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2025-09-10•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's August 2025 Purchasing Managers’ Index (PMI) report shows a composite PMI of 51.7, marking economic expansion for the ninth consecutive month. Services and agriculture sectors expanded, while the industry sector contracted. Of the 36 subsectors, 22 reported expansion, with forestry leading, and paper products experiencing the highest decline.
Data & statisticsEconomic data and developments
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2025-09-10•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's Inflation Expectations Survey Report for August 2025 shows a rise in perceived inflation, with 70.6% of respondents viewing it as high, up from 66.2% in July. Energy costs, exchange rates, and transportation are identified as key inflation drivers. While most expect inflation to remain stable in the short term, 36.8% anticipate an increase over the next six months.
Data & statisticsEconomic data and developments
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2025-09-10•Pakistan•State Bank of Pakistan
The State Bank of Pakistan's 2025 Mid-Year Performance Review reports steady performance with adequate buffers from January to June 2025. Banks expanded their asset base by 11.0%, driven by increased investments in government securities, while deposits rose by 17.7%, reducing reliance on borrowings. Despite a slight increase in the gross non-performing loans-to-loans ratio to 7.4%, solvency improved with the capital adequacy ratio at 21.4%, well above the regulatory minimum.
Data & statisticsCapital adequacyCredit riskFinancial stability and systemic risk
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2025-09-10•United Kingdom•HM Treasury
HM Treasury announced a 10 September roundtable with major high street banks to prioritize first-time buyers, aligned with government mortgage reforms and housing plans. The Leeds Reforms aim to expand mortgage access for those with small deposits and low incomes, potentially supporting 36,000 additional first-time buyers in the first year. The Financial Conduct Authority is also simplifying mortgage lending rules to facilitate borrowing within safe limits.
Policy & regulationCooperationOther
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2025-09-10•Albania•Bank of Albania
Governor Gent Sejko of the Bank of Albania emphasized the banking sector's role in financial stability and economic development at ABI Bank's 10th anniversary, highlighting payments modernization and digital innovation. He noted Albania's progress in open banking, electronic payments, and participation in the Single Euro Payments Area (SEPA). ABI Bank's growth was reviewed, including acquisitions and financial metrics like a capital adequacy ratio of 19.22% and a balance sheet of ALL 141 billion.
OtherMarket development
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2025-09-10•Norway•Norwegian Finanstilsynet
Weaker investment income led to lower returns for life insurers and pension funds in early 2025, despite improved underwriting for non-life insurers. Life insurers' annualised returns in the collective portfolio fell to 6% from 7.6%, while pension funds' returns dropped to 7.6% from 11.2%. Non-life insurers' pre-tax results declined to 12.1% of insurance income from 22.1%, although the combined ratio improved to 88% from 94%.
SupervisionRisk monitoring & watch pointsAsset quality
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2025-09-10•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins, at the OECD Roundtable, highlighted revisiting the SEC's approach to foreign private issuers and shifting digital asset oversight through "Project Crypto." The SEC is considering conditions for foreign issuers listed in the U.S. and reviewing International Financial Reporting Standards acceptance without U.S. GAAP reconciliation. For digital assets, the SEC aims to establish clear rules and coordinate with other agencies for comprehensive legislation.
Policy & regulationReform agendas & prioritiesAccounting and financial reportingCorporate governance
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2025-09-10•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) plans to reset risk tolerance for the federal banking system and reassess its post-2008 approach. The review will cover the OCC’s chartering, regulatory, and supervisory framework to ensure the system's relevance and mission fulfillment. Comptroller Jonathan V. Gould stated the OCC will collaborate with Financial Stability Oversight Council members on broader financial services reforms.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
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2025-09-10•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported a decrease in annual urban headline CPI inflation to 12.0% in August 2025 from 13.9% in July, with core CPI inflation also declining to 10.7% from 11.6%. Monthly urban headline CPI inflation rose by 0.4%, while core CPI inflation increased by 0.1% in August 2025. The monthly inflation note is scheduled for release on September 15, 2025.
Data & statisticsEconomic data and developments
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2025-09-10•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has appointed Nguyen Tuan Nam as Deputy Director of its Currency Issue and Treasury Department, effective under Decision No. 3113/QD-NHNN dated 5 September 2025. Nam was previously Head of the Secretariat Division at the bank's Office.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-10•Vietnam•State Bank of Vietnam
The State Bank of Vietnam is drafting a Government decree to support private-sector and individual businesses borrowing for green and circular projects, aiming to submit it by December. The decree outlines eligibility, subsidy levels, and funding sources, proposing subsidies via local budgets and setting a policy window through 2030. Further consultations with ministries and credit institutions are planned before final submission.
Policy & regulationRules & requirementsOther
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2025-09-10•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and Mastercard discussed expanding cooperation to enhance Vietnam's digital payments and financial inclusion, focusing on security and user protection. The State Bank emphasized a people-centred approach, noting increased adult bank account ownership and new biometric authentication for certain transactions. Mastercard aims for 100% tokenization of Vietnam's card market by 2030 and highlighted initiatives for real-time payments and cross-border data flows.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-09-10•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission held an expanded Party committee meeting to review its education campaign on the Central Eight-point Regulation and plan follow-up actions for long-term conduct controls. Chaired by Li Yunze, the meeting emphasized risk prevention, stronger supervision, and tighter training for senior officials and key groups. Forward actions include establishing routine mechanisms for conduct issue resolution and improving mechanisms for transparent power control.
Institutional developmentCooperation & capacity buildingOther
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2025-09-10•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) vice president Sonia Salvatierra highlighted regulatory advancements in Argentina, including frameworks for Virtual Asset Service Providers and tokenisation of marketable securities, at FORUM’s 15th South American Congress on AML/CFT. She stressed the importance of public-private coordination, robust compliance, and technology in supervision. A panel discussed tokenisation challenges and AML/CFT measures, attracting over 5,000 attendees.
Policy & regulationGuidance & interpretationAML and CFTTokenization
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2025-09-10•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance, led by Superintendent Guillermo Plate, met with Economy Minister Luis Caputo and insurance representatives to discuss proposals for insurance-sector growth and capital market strengthening. Caputo emphasized the government's commitment to evaluating growth incentives and maintaining fiscal, monetary, and foreign exchange policies. The meeting also highlighted the importance of financial education and plans for enhanced government coordination through new dialogue tables.
Policy & regulationReform agendas & prioritiesMarket development
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2025-09-10•South Korea•Bank of Korea
The Bank of Korea's financial statement analysis for Q2 2025 shows a decline in growth indicators for non-financial companies compared to the same period last year, with profitability indicators also weakening from the previous quarter.
ResearchAccounting and financial reporting
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2025-09-10•South Korea•Bank of Korea
The Bank of Korea released its "Financial Market Trends in August 2025" report, highlighting statistics on financial market developments, including bank lending. Detailed data is available in the attached files.
Data & statisticsFinancial and market indicators
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2025-09-10•Kenya•Kenya Capital Markets Authority
The Kenya Capital Markets Authority has issued a public notice inviting policy proposals to amend the Capital Markets Act and related regulations, with submissions due by 7 November 2025.
Policy & regulationRules & requirementsOther
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2025-09-10•Kenya•Kenya Capital Markets Authority
The Kenya Capital Markets Authority is soliciting stakeholder proposals for amendments to the Capital Markets (Real Estate Investment Trusts) (Collective Investment Schemes) Regulations, 2013, and the Capital Markets (Foreign Investors) Regulations, 2002, to ensure the framework remains current and responsive. Submissions are due by 7 November 2025.
Policy & regulationRules & requirementsRegulatory burden
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2025-09-10•United States•U.S. Department of the Treasury
At the Financial Stability Oversight Council's first public session, Treasury Secretary Scott Bessent outlined a new approach treating economic growth and security as pillars of financial stability. The Council will reassess systemic risk management, including nonbank designations, and enhance supervisory frameworks to support innovation and growth. FSOC will also focus on the resilience of critical markets and refine its financial stability interpretation to incorporate growth and security.
Policy & regulationGuidance & interpretationFinancial stability and systemic risk
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2025-09-10•United States•U.S. Department of the Treasury
The U.S. Treasury's Financial Stability Oversight Council (FSOC), chaired by Secretary Scott K. H. Bessent, outlined priorities for the upcoming fiscal year, including reviewing nonbank financial company determinations under the Dodd-Frank Act and enhancing the financial stability risk framework. The Council approved its fiscal year 2026 budget of USD 10,104,683 and rescinded the charters of its Climate-related Financial Risk Committees. Updates were provided on banking supervision reforms and market infrastructure resilience.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
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2025-09-10•United Arab Emirates•Dubai International Financial Centre
Dubai International Financial Centre (DIFC) announced that Greenstone, a Middle East fund placement firm, received a Category 4 licence from the Dubai Financial Services Authority to operate within DIFC. This aims to enhance access for DIFC-based institutional investors and family offices to global private equity and alternative investment funds. Greenstone, headquartered in Dubai, has facilitated over USD 100 billion in fundraising and maintains a network of over 1,500 family offices and ultra-high-net-worth individuals, alongside 200 institutional investors.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-10•Bahamas•Central Bank of the Bahamas
At the CB+DC Conference 2025, Central Bank of the Bahamas Governor John A Rolle highlighted the SandDollar's role in modernizing payments and enhancing financial inclusion. Priorities include a fast payments platform interoperable with the SandDollar, mandatory participation from all retail payments providers and the Government, integrating the Government into the CBDC platform, and participating in the Caricom Payment and Settlement System pilot with Barbados and the Eastern Caribbean Central Bank.
Policy & regulationReform agendas & prioritiesCBDC
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2025-09-09•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in FINANCI's "Brunch com Finanças" to discuss investment opportunities and initiatives for financial inclusion in Angola's capital markets. Dr. Juceline Paquete represented the Commission on a panel with other financial entities, emphasizing its role in promoting financial education and market development.
Financial literacy & educationFinancial literacy and education
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2025-09-09•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's August 2025 Monetary Indicators note highlights a rise in gross international reserves to USD 7,578.2 million, driven by net non-financial public sector accounts and central bank exchange desk activity. Year-on-year growth was observed in currency circulation, monetary base, public deposits, and broad money aggregate M3. Liquidity management absorbed NIO 1,959.9 million and USD 15.7 million through open market operations.
Monetary policyMonetary policy assessments & outlooksMonetary data
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2025-09-09•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay confirmed that the UYU 10 commemorative coin issued in 2015 for the Bicentennial of the 1815 Land Regulation remains in circulation at its nominal value. The bank clarified it does not repurchase the coin, despite any collectible value in the numismatic market.
Policy & regulationGuidance & interpretationOther
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2025-09-09•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo is receiving technical assistance from the International Monetary Fund to enhance its supervisory and macroprudential framework. This mission, led by Sebastien Clanet, follows the implementation of recommendations from the IMF's Financial Sector Stability Review. The Central Bank and the IMF have committed to close cooperation to ensure successful delivery of the assistance.
Policy & regulationImplementation, projects & pilotsCapacity buildingMacroprudential policy and tools
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2025-09-09•Europe•European Securities and Markets Authority
The Joint Committee of the European Supervisory Authorities, including the European Securities and Markets Authority, released its fourth annual report on voluntary principal adverse impact disclosures under the Sustainable Finance Disclosure Regulation. The report highlights improved disclosure quality, with larger multinational groups providing more detailed information, while smaller entities often mix SFDR content with general ESG or marketing information. Recommendations are made for National Competent Authorities and the European Commission to enhance supervision and inform the upcoming SFDR review.
SupervisionReviews, inspections & stress testsDisclosures
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2025-09-09•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic (BCRD) met with key financial authorities to coordinate efforts for macroeconomic stability, projecting 2025 growth at 3.0% with potential for faster expansion. The BCRD noted exchange rate volatility due to seasonal factors and projected foreign exchange inflows of over USD 46.160 billion by year-end. It highlighted falling interest rates and a well-capitalized financial system, with the Monetary Board reviewing foreign exchange regulation amendments.
Policy & regulationRules & requirementsFinancial stability and systemic risk
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2025-09-09•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Board of Directors released Bulletin 34 of 2025, detailing Unidad de Valor Real (UVR) values effective from 16 September to 15 October 2025. This update is issued under External Resolution No. 13 of 2000.
Data & statisticsOther
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2025-09-09•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority visited the Croatian Financial Services Supervisory Agency to enhance its regulatory framework for collective investment schemes, voluntary pension funds, and alternative investment funds. The visit aimed to align Montenegro's regulations with EU rules and prepare for joint activities under a future TAIEX mission. Discussions focused on EU-acquis alignment and HANFA's operational practices to inform Montenegro's upcoming reforms.
Policy & regulationCooperationDomestic cooperation
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2025-09-09•Angola•Angola Capital Markets Commission
Angola's Capital Markets Commission (CMC) and INADEC have launched a series of radio programmes to enhance investor rights awareness and financial education, starting with a broadcast on Rádio Platina. The initiative, part of a cooperation protocol signed in 2015, aims to explain the capital market's function and its economic significance, emphasizing transparency and consumer protection.
Financial literacy & educationFinancial literacy and education
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2025-09-09•Europe•European Securities and Markets Authority
The European Securities and Markets Authority's second 2025 risk monitoring report identifies high risks across markets due to geopolitical uncertainty, trade conflicts, and rising cyber threats. It highlights elevated investor risks in crypto-asset markets and warns of potential liquidity strains from sharp market corrections. EU equities experienced significant volatility, corporate bond spreads widened, and crypto markets fell 10% in valuation, while operational vulnerabilities were underscored by incidents like the Iberian Peninsula blackout.
SupervisionRisk monitoring & watch pointsRisk analysis and outlook
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2025-09-09•South Africa•National Treasury (South Africa)
South Africa's National Treasury, via Deputy Finance Minister Dr. David Masondo, outlined a growth agenda to reduce business costs and maintain macroeconomic stability, reviewing the inflation-targeting regime. The current 3 to 6 percent inflation target is considered too wide, with recommendations expected from the Macroeconomic Standing Committee. The address also highlighted structural reforms in energy, logistics, and infrastructure, and progress in anti-money laundering efforts, with South Africa nearing completion of all Financial Action Task Force action-plan items.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2025-09-09•Australia•Australian Securities & Investments Commission
The Federal Court found Money3 Loans Pty Ltd deficient in its responsible lending process for five car finance loans to borrowers reliant on Centrelink payments, due to inadequate inquiries into borrowers' living expenses. However, the Court dismissed ASIC's claims that Money3 entered into unsuitable loans or failed to ensure compliance with credit legislation. ASIC is reviewing the judgment, with a case management hearing scheduled for 30 October 2025.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protection
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2025-09-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has cancelled the Australian financial services licence of Auric International Markets Pty Ltd (AIMS) due to non-compliance with key obligations, effective 11 August 2025. AIMS failed to submit financial statements, comply with financial services laws, meet organisational competence requirements, pay industry funding levies, and notify ASIC of changes to company details. AIMS, which held licence 430091 since 2012, may seek a review of the decision by the Administrative Review Tribunal.
SupervisionAuthorisations & approvalsComplianceFinancial benchmarks
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2025-09-09•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) and India's International Financial Services Centres Authority (IFSCA) have signed a Memorandum of Understanding (MoU) to enhance cooperation between the two countries. Signed in Sydney by ASIC Chair Joe Longo and IFSCA Chair Shri K Rajaraman, the MoU outlines mutual assistance and information-sharing on regulatory trends, technology use in financial markets, compliance, and market participant supervision and enforcement.
SupervisionCooperationCross-border cooperation
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2025-09-09•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released the June 2025 editions of its Quarterly Superannuation Industry Publication, Quarterly Superannuation Product Statistics, and Quarterly Fund-level Statistics. These publications are available on the APRA website, while discontinued editions can be accessed through the Australian Government web archive.
Data & statisticsSupervisory data
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2025-09-09•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released the June 2025 editions of its Quarterly Superannuation Industry Publication, Quarterly Superannuation Product Statistics, and Quarterly Fund-level Statistics, accessible on its website.
Data & statisticsSupervisory data
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2025-09-09•Kenya•Central Bank of Kenya
The Central Bank of Kenya has achieved ISO/IEC 20000-1:2018 certification for its Information Technology Service Management, aligning with international standards. This certification supports the Bank's strategic priorities on resilience, sustainability, digital transformation, and human capital development through structured service management processes.
Institutional developmentTechnology & data transformationIT managementOperational excellence
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2025-09-09•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released its 2025 "Class legislative notices summary," detailing exemptions, designations, frameworks, methodologies, and public accountability notices as of 14 August 2025. This summary serves as a reference for understanding the scope of these notices, with full details accessible on the New Zealand legislation website.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-09-09•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved draft legislative and regulatory amendments to align Ukraine’s legal framework with EU requirements and the European Payments Council’s criteria for SEPA accession. The package includes amendments to various legal acts and decisions, as well as registration approvals for NovaPay Credit LLC bonds and PJSC TERNOPIL DAIRY PLANT shares.
Policy & regulationRules & requirementsCross-border payments
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2025-09-09•Latvia•Central Bank of Latvia
The Central Bank of Latvia hosted an Issuers’ Breakfast titled “Capital Meets Property” to discuss real estate financing and investment in Latvia and the region, focusing on capital market instruments like REITs. Panels explored financing conditions, tools such as REITs, covered bonds, and green bonds, and their role in enhancing building energy efficiency. The event concluded with a call to consider REIT regulation in Latvia, highlighting potential benefits for international investors and pension fund involvement.
Policy & regulationCooperationMarket development
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2025-09-09•Italy•Bank of Italy
The Bank of Italy published the September 2025 issue of “The Italian economy in brief,” offering updated data on Italy’s economic and financial system. The report includes sections on real economic activity, prices, foreign transactions, private sector financial conditions, banking sector developments, public finances, and inflation and growth forecasts.
Data & statisticsEconomic data and developments
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2025-09-09•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan held the inaugural meeting of its Sustainable Finance Advisory Group for Capital Markets to advance sustainable finance reforms. The group aims to enhance ESG disclosure practices, expand participation in the SECP’s ESG Sustain Portal, and align reporting with international standards. Key stakeholders, including the Pakistan Stock Exchange and international organizations, discussed setting targets and tracking progress, focusing on the forthcoming Women EquiSmart Policy.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-09-09•Indonesia•Bank Indonesia
Bank of Indonesia's Q2 2025 international investment position (IIP) showed net liabilities rising to USD 244.3 billion from USD 226.3 billion in Q1, as foreign financial liabilities grew faster than assets. Assets increased by 0.7% to USD 536.8 billion, while liabilities rose by 2.8% to USD 781.1 billion, driven by foreign inflows and US dollar depreciation. The IIP-to-GDP ratio stayed at 17.2%, with long-term instruments comprising 92.2% of liabilities. Bank Indonesia will continue monitoring global and domestic risks.
Data & statisticsBalance of payments and other external statistics
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2025-09-09•China•Central Bank of the Republic of China
Governor Pan Gongsheng of the People's Bank of China attended the Bank for International Settlements central bank governors meeting in Basel, discussing global economic conditions and monetary policy. Key topics included international asset price developments, labour market changes, and the impact of USD movements on emerging markets. Pan also held bilateral meetings with counterparts from Korea, Thailand, Singapore, and Brazil.
Monetary policyOtherCross-border cooperation
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2025-09-09•Europe•European Banking Authority
The Joint Committee of the European Supervisory Authorities released its fourth annual report on voluntary principal adverse impact disclosures under the Sustainable Finance Disclosure Regulation, noting improved disclosure quality. The report highlights that larger multinational groups provide more detailed disclosures, while smaller entities often mix general ESG or marketing information with SFDR disclosures. Recommendations for National Competent Authorities and considerations for the European Commission's upcoming SFDR review are included.
SupervisionReviews, inspections & stress testsDisclosures
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2025-09-09•Lithuania•Bank of Lithuania
The Bank of Lithuania launched a programme to boost financial market competitiveness by aligning national regulations with EU standards, implementing risk-based supervision, and reducing excessive domestic requirements. Key changes include amending the Law on the Prevention of Money Laundering and Terrorist Financing for more flexible due diligence for fintechs and other sectors, and updating EU banking rule exemptions. The bank also streamlined licensing processes and is reviewing regulatory processes based on industry feedback.
Policy & regulationRules & requirementsRegulatory burden
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2025-09-09•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) has released draft amendments to its guidance on authorising alternative investment fund capital management companies under the German Investment Code. The revisions aim to streamline licensing by clarifying requirements for own funds, management suitability, business plans, and necessary documentation. BaFin plans to incorporate finalised clarifications into its guidance on managing directors' suitability post-consultation.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-09-09•Greece•Ministry of National Economy and Finance (Greece)
Deputy Minister of National Economy and Finance Giorgos Kotsiras outlined Greece's tax reform package, emphasizing benefits for young people, families, and regional communities. Key measures include a zero income tax rate for individuals up to age 25, reduced rates for ages 26 to 30, and exemptions and reductions for self-employed new mothers and residents in small settlements. The reform also proposes rationalizing imputed living expense presumptions, including adjustments for real estate and vehicle emissions.
Policy & regulationReform agendas & prioritiesOther
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2025-09-09•Greece•Ministry of National Economy and Finance (Greece)
Greece's Minister of National Economy and Finance, Kyriakos Pierrakakis, emphasized regional strengthening and demographic challenges, highlighting tax and income measures announced by Prime Minister Kyriakos Mitsotakis. Key initiatives include the phased abolition of ENFIA in small settlements and a new tax reform for various worker categories. Pierrakakis noted the abolition of 80 taxes to reduce burdens without compromising fiscal stability, with wage increases for salaried workers expected from January 2026.
Policy & regulationReform agendas & prioritiesOther
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2025-09-09•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance unveiled a tax reform supporting large families, with zero income tax for earnings up to EUR 20,000 for salaried and self-employed households. Presented at the Thessaloniki International Fair, the reform is part of broader demographic policy objectives to address declining birth rates. Minister Kyriakos Pierrakakis emphasized it as a preliminary measure to alleviate the tax burden on large families.
Policy & regulationRules & requirementsOther
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2025-09-09•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia announced its involvement in a bell-ringing ceremony at the Colombia Stock Exchange for BID Invest's COP 100 billion social bond issuance. This marks the first issuance of social bonds by a multilateral organization in Colombia, part of a COP 3 trillion program for ordinary, social, green, and sustainable bonds. The bonds aim to finance projects with financial, social, and environmental returns.
OtherMarket development
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2025-09-09•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has proposed allowing card providers to set their own contactless payment limits, enabling larger purchases without a single FCA-set cap. The proposals maintain existing fraud protections and suggest most firms will retain the £100 limit for now. This initiative is part of the FCA's broader programme to support innovation and growth.
Policy & regulationRules & requirementsPayments and payment systems
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2025-09-09•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission and the Asian Development Bank Institute held a roundtable during Hong Kong Green Week to discuss advancing sustainable finance in Asia-Pacific capital markets. Senior officials from 12 jurisdictions discussed green bonds, blue bonds, and ESG funds. This event is part of the Asian Climate Finance Dialogue Project, aimed at enhancing climate-related disclosures and expanding climate finance in the region.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-09-09•Sweden•Riksbank
Sweden's Riksbank Deputy Governor Aino Bunge stressed the need for central banks and supervisors to collaborate on adopting artificial intelligence, highlighting opportunities and risks for the financial sector. She advocated for responsible technology implementation and international cooperation to manage cross-border risks amid geopolitical tensions. Bunge also emphasized considering financial stability risks in stablecoin regulation.
Policy & regulationGuidance & interpretationArtificial intelligenceSupervision process and methodologies
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2025-09-09•Zimbabwe•Zimbabwe Insurance and Pensions Commission
Zimbabwe’s Insurance and Pensions Commission (IPEC), with the World Bank and FSD Africa, held a workshop in Harare to develop innovative insurance products for MSMEs. The event gathered insurers, brokers, and public-sector stakeholders to address MSME risk exposure and explore solutions like flexible payment models and mobile-based distribution. IPEC emphasized aligning MSME protection with national financial inclusion strategies.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-09-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted the public about fraudsters impersonating HKMA staff and using forged documents in an investment scam. The scam falsely claims authorization for an investment management company to manage accounts for an "artificial intelligence investment application." The HKMA advises verifying documents and checking entity regulation via its public registers and has reported the case to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-09-09•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent activities involving The Hongkong and Shanghai Banking Corporation Limited and Standard Chartered Bank (Hong Kong) Limited. It highlights phishing messages, fake websites, and fraudulent banking login screens. The HKMA advises the public to avoid sharing sensitive information via SMS, email, or phone and to report incidents to the respective bank and the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-09-09•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors has relaunched the Insurance Core Principles Self-Assessment Tool, enhancing usability and security for insurance supervisors. This tool allows supervisors to evaluate compliance with global standards, receive feedback, and identify improvement areas through structured questionnaires and scoring criteria. It aligns with the methodology used in the IAIS Peer Review Process.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-09-09•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 released an explainer on the debt burden ratio used by banks and microfinance organisations to evaluate borrowers. The ratio, capped at 0.5, compares total monthly credit payments to average monthly income, impacting credit approval decisions. Excessive debt load can lead to credit refusals, higher interest rates, and increased financial risk.
Policy & regulationGuidance & interpretationLiquidity riskPrudential risks
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2025-09-09•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities will hold its 20th Annual Meeting in Tunis on 22 April 2026 to decide on recent developments, approve final accounts and the annual report, and discuss key issues affecting Arab capital markets, with a focus on enhancing cooperation and sharing best practices among members.
Policy & regulationCooperationCross-border cooperation
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2025-09-09•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan attended the Alliance for Financial Inclusion Global Policy Forum 2025, engaging in governance and technical workstreams and chairing a session on inclusive green finance. The delegation discussed financial inclusion, digital services, and financial literacy, highlighting initiatives for women's entrepreneurship and SME finance access. The Central Bank also chaired an ECAPI meeting promoting the ECAPI Declaration on Inclusive Green Finance to enhance regional cooperation.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-09-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has suspended the actuary licence of นายเฉลิมเกียรติ จรามรบูรพงศ์ for 12 months due to non-compliance with actuarial practice standards. The suspension relates to the certification of Siam Smile Insurance's 2023 policy liability report, which violated multiple provisions and potentially breached the professional code of ethics. The Commission plans to enhance monitoring and enforcement of actuaries' work.
EnforcementSanctions & designationsOther
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2025-09-09•Middle East•Arab Monetary Fund
The Arab Monetary Fund, in collaboration with the United Nations Economic and Social Commission for Western Asia, is hosting a regional workshop in Abu Dhabi from 9 to 11 September 2025 to implement the System of National Accounts 2025 and develop Digital Supply and Use Tables, focusing on enhancing statistical capacities and cooperation among Arab countries.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-09-09•Jordan•Jordan Securities Commission
The Jordan Securities Commission announced that mutual fund profits from company contributions are fully exempt from income tax, following a Council of Ministers decision to boost investment fund establishment and capital market development. Additionally, the government approved measures to stimulate trading in the Amman Financial Market, including reduced broker commissions and extended trading hours.
Policy & regulationRules & requirementsTax transparency and information exchange
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2025-09-09•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has issued Decree No. 12.616/2025, establishing Brasília as its official seat to enhance integration with federal bodies and support strategic projects like the System of Registration of Operations and Open Insurance. This move aligns with broader institutional measures, including new legislative approvals and the planned addition of 75 staff members in 2025.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-09-09•United Arab Emirates•UAE Securities & Commodities Authority
The UAE Securities & Commodities Authority reported a 1,100% increase in applications for finfluencer accreditation following the introduction of its licensing framework for digital financial influencers. This initiative aims to enhance investor protection and bolster the UAE's status as a global financial hub. The SCA emphasized the importance of compliance with regulatory requirements, including disclosure and ethical standards.
Policy & regulationRules & requirementsFintech and insurtechConsumer and investor protection