The Central Bank of Iraq discussed potential cooperation with the Indian Ambassador on digital payment systems, focusing on capacity building, technical expertise exchange, and enhancing payment infrastructure and security controls. Both parties agreed to maintain coordination to explore cooperation pathways and establish technical follow-up mechanisms.
The Reserve Bank of New Zealand has initiated a consultation under its Liquidity Management Review to refine system liquidity management and Open Market Operations, aiming to align short-term market interest rates with the Official Cash Rate and ensure market liquidity and financial stability. The consultation, which includes the Committed Liquidity Facility's size, fees, and operations, is open until 31 October.
The New Zealand Financial Markets Authority released a 2025 summary document detailing class legislative notices, including exemptions and public accountability notices, as of 14 August 2025, serving as a reference tool for understanding the scope of these notices.
Over 500 students at Southern Leyte State University opened their first bank accounts through the Youth Financial Inclusion Initiative, reported the Bangko Sentral ng Pilipinas (BSP). Launched in January 2025 by the Financial Inclusion Steering Committee, the initiative aims to enhance youth financial inclusion and education. The event, led by YFI Ambassadors, was supported by various government agencies and attended by over 1,100 students.
South Korea's Financial Supervisory Service reported a quarter-on-quarter increase in capital adequacy ratios for domestic banks and bank holding companies as of June 2025, with all entities complying with regulatory minimums. The common equity Tier 1 (CET1) ratio for domestic banks rose to 13.57%, the Tier 1 ratio reached 14.87%, and the total capital ratio was 15.95%. The FSS emphasized ongoing prudential supervision to bolster banks' loss-absorbing capacity amid global uncertainties.
The National Bank of Serbia released August 2025 statistics for its RTGS, Clearing, and Foreign Exchange Clearing Systems, detailing payment volumes, values, and system availability. The RTGS and Clearing systems processed 18.1 million payments with a total turnover of RSD 17,676.2 billion, maintaining 100% availability. The Foreign Exchange Clearing Systems handled EUR 204.7 million in transactions, also achieving full availability.
The National Bank of Serbia reported August 2025 statistics for its 24/7/365 Instant Payment System, noting 8,975,730 transactions with an average execution time of 1.0 second. The system processed an average of 289,540 payments daily, with a total turnover of 115.3 billion dinars.
The Vietnam State Securities Commission has launched a staff training programme to enhance officials' skills in analysing corporate financial statements for improved financial monitoring and supervision. The course covers financial statement analysis, risk identification, audit report evaluation, and audit evidence quality, delivered by experts from the Academy of Finance and other institutions.
The Vietnam State Securities Commission awarded a contract for renewing security system software licences and technical support to Technical Application and Production One Member Limited Liability Company for VND 9.22 billion. The contract, procured through an open domestic tender, was structured as a lump-sum agreement. BNA Technology Solutions Company was not selected due to not meeting the evaluation criteria.
The Brazil Securities Commission (CVM) will hold a judgment session on 9 September regarding alleged non-compliance by Grant Thornton Auditores Independentes Ltda. and Tiago Kurt de Almeida Costa Brehmer with Brazilian audit standards. The case involves potential breaches related to audit procedures and documentation for RB Capital Renda Fundo de Investimento Imobiliário’s financial statements. The session will be public, with options for in-person or videoconference attendance.
The Brazil Securities Commission (CVM) accepted a settlement with Pérsio Pimentel Pinto Ravena, investor relations director of Fertilizantes Heringer S.A., involving a payment of BRL 330,000. This follows a proceeding examining Ravena's alleged failure to disclose a material fact, potentially breaching Article 157, paragraph 4 of Law 6,404 and Article 3 of CVM Resolution 44. The CVM's Settlement Committee recommended acceptance after negotiations and revisions, with no legal impediments identified by the Specialized Federal Prosecutor’s Office.
The Brazil Securities Commission (CVM) concluded proceedings against Grant Thornton Auditores Independentes Ltda. and auditor Tiago Kurt de Almeida Costa Brehmer, clearing them of some audit failures but warning them for not providing a required report to the RB Capital Renda Real Estate Investment Fund. The CVM found breaches of audit documentation standards, specifically NBC TA 230 (R1) item A21, and issued warnings for failing to send the "Relatório Circunstanciado" to the fund's administration. Interim President Otto Lobo and Director Marina Copola supported the decision, with a substitute director ensuring quorum.
The Securities and Exchange Regulator of Cambodia and the Monetary Authority of Singapore co-chaired a hybrid meeting of the ASEAN Working Committee on Capital Market Development for 2024–2026. The meeting, coordinated by the ASEAN Secretariat, took place at the MAS headquarters in Singapore.
Narodowy Bank Polski, the Central Bank of Poland, launched SORBNET3, replacing the SORBNET2 large-value payment system. SORBNET3 serves as Poland's core real-time gross settlement system, processing payments from monetary policy operations and various financial transactions. The platform uses MX payment messages in XML format compliant with ISO 20022, enhancing transaction data and interoperability across payment systems.
The UAE Securities and Commodities Authority reported a 1,100% increase in applications for its financial influencer accreditation regime, targeting financial content creators with incentives like a three-year exemption from registration, renewal, and legal consultation fees. This initiative is part of the UAE's strategy to enhance governance in digital finance, focusing on compliance, credibility, financial literacy, and investor protection.
The Thailand Securities & Exchange Commission has mandated JKN Global Group Public Company Limited to submit its rectified 2023 financial statements, audited by its auditor, to the SEC and disclose them publicly via SETLink without delay. This follows the SEC's refusal to grant JKN a further extension beyond the existing deadline, emphasizing the importance of timely financial disclosures for investor decision-making.
The Thailand SEC urges Eastern Power Group’s EP249A bondholders to review information and exercise rights at the reconvened meeting on 12 September 2025. The initial meeting on 2 September 2025 lacked a quorum. The agenda includes extending redemption maturity and increasing the interest rate. The SEC requires the bondholders’ representative to analyze impacts and provide informed opinions for decision-making.
The Thailand SEC has directed C.I. Group Public Company Limited to provide more clarification and documents on its acquisition of shares in Ocean Wolf PTE. LTD. and related share issuance plans. The SEC noted missing information on valuation assumptions, private placement investor selection, and funding sufficiency for the gold mining business, emphasizing the need for complete disclosure to shareholders.
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren sent a letter to Federal Reserve Board nominee Stephen Miran, questioning discrepancies in his financial disclosures and his family's ties to ECPI, a for-profit university. Warren emphasized the importance of these disclosures for the Federal Reserve's independence and public confidence. The inquiry precedes the committee's 10 September 2025 markup of Miran's nomination.
The U.S. Senate Committee on Banking, Housing and Urban Affairs minority released Stephen Miran's responses to Ranking Member Elizabeth Warren's questions after his Federal Reserve Board nomination hearing. Miran did not commit to resigning from his White House position if confirmed, nor did he agree to disclose communications with President Trump or acknowledge the President's lack of authority to fire Federal Reserve Governors. He also refused to state that Trump lost the 2020 presidential election.
The U.S. Senate Committee on Banking, Housing and Urban Affairs recapped a discussion between Chairman Tim Scott and Housing Secretary Scott Turner on the ROAD to Housing Act, focusing on expanding housing access and reducing regulatory barriers. The Act, which passed unanimously in July, aims to expand housing supply, improve affordability, and enhance oversight of federal housing programs. It now awaits a Senate floor vote.
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Senator Elizabeth Warren on crypto market structure legislation, advocating for a bipartisan approach and transparency in stakeholder input. Warren criticized Republicans for drafting partisan proposals allegedly influenced by undisclosed industry feedback and urged collaboration with Democrats to address these concerns.
FINTRAC has confirmed that title insurers will be subject to anti-money laundering and anti-terrorist financing obligations under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act starting 1 October 2025. Title insurers must implement compliance programs, verify identities, and adhere to reporting and record-keeping obligations. FINTRAC will focus on engagement and guidance initially and may conduct compliance examinations and issue penalties for non-compliance.
FINTRAC announced that entities providing acquirer services for private automated banking machines will be subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act from 1 October 2025. These entities must register with FINTRAC, implement compliance programs, and fulfill customer due diligence and reporting obligations. FINTRAC will focus on engagement and guidance activities in the first year to support new reporting entities.
The Central Bank of Nigeria mandates licensed payment system operators to adopt the ISO 20022 messaging standard and geo-tag payment terminals by 31 October 2025. Existing point-of-sale devices must be updated with GPS functionality and connected to the National Central Switch, with compliance checks starting 20 October 2025. Additionally, the CBN confirmed the cancellation of irregular FX forward contracts following a Deloitte audit and reiterated the Banking Sector Recapitalization Programme deadlines for banks to meet revised capital thresholds by 31 March 2026.
The U.S. House Financial Services Committee's Subcommittee held a hearing to evaluate the Bank Secrecy Act, FinCEN operations, and the Corporate Transparency Act's beneficial ownership information reporting regime. Subcommittee Chair Warren Davidson criticized the BSA's broad reporting framework and FinCEN's BOI rules, highlighting concerns over privacy and data security. Davidson called for a final rule targeting higher-risk foreign threats, inflation-indexed currency transaction report thresholds, and repealing CTA BOI mandates for U.S. business owners.
The U.S. House Financial Services Committee’s Subcommittee on Financial Institutions held a hearing on banking sector reforms, focusing on brokered deposits, the FDIC’s resolution process, and capital frameworks for smaller banks. Chair Andy Barr emphasized aligning deposit regulations with stability risks, while Chair French Hill stressed improving the FDIC’s resolution process. Witnesses, including the American Bankers Association, recommended balancing the least cost test with community impact and enhancing transparency in bank merger reviews.
The U.S. House Financial Services Committee’s Financial Institutions Subcommittee held a hearing to examine the FDIC's resolution process for failed banks and explore reform options. Key topics included promoting competition in FDIC resolutions, reassessing the least-cost test, and addressing regulatory treatment of deposit types. The hearing also discussed "right-sizing" the capital framework for small and mid-sized banks and concerns about post Dodd-Frank requirements.
The U.S. Financial Services Committee’s Subcommittee on National Security held an oversight hearing with FinCEN Director Andrea Gacki on operations and beneficial ownership reporting. Gacki noted FinCEN's modified approach after the Treasury suspended Corporate Transparency Act enforcement. Members called for reforms to FinCEN’s anti-money laundering framework, citing concerns over the Bank Secrecy Act's burden and data management challenges.
The Financial and Consumer Services Commission of New Brunswick released its 2024-2025 annual report, highlighting achievements in protecting consumers, supporting stakeholders, and enhancing regulatory standards. The report aligns with the Commission's mission to instill financial confidence among New Brunswick residents.
The Financial Consumer Agency of Canada (FCAC) aims to enhance regulatory efficiency and transparency in market conduct supervision to protect consumers while minimizing burdens on entities. Initiatives include streamlining guidelines, tailored compliance assessments, and a digital transformation program for regulatory reporting. FCAC also highlighted a recalibrated enforcement approach prioritizing cases by severity and potential consumer impact, aligning with the Government of Canada's Red Tape Review initiative.
The State Bank of Pakistan has released a draft Business Conduct and Fair Treatment of Consumers Regulatory Framework for public consultation, aiming to enhance consumer protection and fair treatment in the financial sector. The framework emphasizes responsible business conduct, accountability, and transparency in interactions with financial institutions.
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency will hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of the Economic Growth and Regulatory Paperwork Reduction Act review. The meeting will gather input on regulatory categories, including consumer protection and banking operations. Further public meetings will be announced in the coming months.
Bank of Albania Governor Gent Sejko highlighted Albania's acceptance into the Single Euro Payments Area (SEPA) at the Diplo 2025 Conference, emphasizing its role in supporting European market integration. From 7 October 2025, Albanian citizens can conduct cross-border transactions with EU Member States, with estimated fee savings of EUR 20 million in the first year. SEPA participation is expected to enhance EU trade, improve conditions for European tourists, and facilitate remittances, alongside recent debt rating upgrades and foreign direct investment growth.
The Federal Reserve Board has terminated its enforcement action against Sumitomo Mitsui Banking Corporation and its New York Branch. The action, originally a written agreement from April 23, 2019, was concluded on September 4, 2025.
The Federal Deposit Insurance Corporation, Federal Reserve Board, and Office of the Comptroller of the Currency will hold a hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of the Economic Growth and Regulatory Paperwork Reduction Act review. This review aims to identify outdated or unnecessary regulatory requirements for certain supervised institutions. Stakeholders can present views on various regulatory categories, with additional public meetings to be announced.
The Commodity Futures Trading Commission has withdrawn its proposed rulemaking on an Operational Resilience Framework for futures commission merchants, swap dealers, and major swap participants. The decision aims to reassess the practical integration of these requirements with existing operational resilience rules from other domestic and foreign regulators.
The Canadian Investment Regulatory Organization (CIRO) confirmed a cybersecurity breach affecting registration information of member firms and individuals, with no evidence of misuse. Impacted individuals are being offered two years of free credit monitoring and identity theft protection. CIRO has shut down some systems as a precaution, maintaining critical functions, and warns against unsolicited contact requesting personal information.
The Canadian Bankers Association announced the Canadian Anti-Scam Coalition, uniting financial services, telecommunications, technology companies, law enforcement, and the federal government to combat scams targeting Canadian consumers. The Coalition's initial focus is a national education campaign in fall 2025, addressing fraud across various platforms, including AI-driven methods. Anthony Ostler, President and CEO of the Canadian Bankers Association, chairs the steering committee.
The Canada Deposit Insurance Corporation (CDIC) appointed Gina Byrne as President and CEO, succeeding Leah Anderson. Byrne, previously CDIC's Chief Operating Officer, has 18 years of experience and has led key operational initiatives, including resolution planning for Canada's largest banks. CDIC emphasized its role in safeguarding insured deposits and serving as the resolution authority for over 80 member institutions.
The Office of the Comptroller of the Currency has elevated its chartering and licensing function, appointing Stephen Lybarger as Senior Deputy Comptroller for Chartering, Organization and Structure. This change highlights the strategic importance of chartering and licensing, including support for de novo bank formation and licensing of payment stablecoin issuers. Lybarger will oversee licensing for national banks, federal savings associations, and payment stablecoin issuers, coordinating with the Chief Counsel’s Office and Bank Supervision and Examination.
The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation will hold a third hybrid public outreach meeting on October 30, 2025, in Kansas City, Missouri, as part of the Economic Growth and Regulatory Paperwork Reduction Act review. The meeting aims to gather stakeholder input on outdated or unnecessary regulatory requirements, including consumer protection and banking operations. Further public meetings are planned.
The US Office of the Comptroller of the Currency (OCC) appointed Will Giles as Principal Deputy Chief Counsel. Giles will oversee the OCC Law Department's operations and support the Chief Counsel on legal matters related to bank supervision and enforcement. He previously advised banking organizations at a major law firm and served as special counsel at the Federal Reserve Board.
Argentina's Ministry of Finance met with Economy Minister Luis Caputo and major insurers to discuss sector proposals and the government's economic programme. Caputo confirmed no changes to fiscal, monetary, and exchange-rate policies, emphasizing insurance industry growth and financial education. The meeting also highlighted developing Argentina’s capital markets and establishing boards to enhance government coordination on reforms.
The State Bank of Vietnam issued a consumer alert on rising high-tech crime and financial fraud via electronic channels, detailing protective measures for individuals. Common tactics include impersonation, fake links, and AI-driven scams. The Bank will collaborate with credit institutions to enhance preventive measures.
The State Bank of Vietnam (SBV) is implementing a new framework for gold trading under Decree 232/2025/NĐ-CP, replacing the state monopoly on gold bar production with an SBV licensing model for eligible enterprises and banks. The decree allows qualified entities to import and export gold bars and raw gold, mandates strict compliance and transparency standards, and expands oversight responsibilities. SBV is also exploring a national gold exchange and enhancing supervisory measures to prevent illegal activities in the gold market.
The State Bank of Vietnam, led by Governor Nguyen Thi Hong, attended the Bank for International Settlements Governors’ Meeting in Basel, focusing on regional macro-financial developments and global trends. The delegation also participated in meetings to discuss international economic updates and enhance cooperation. Bilateral talks with the Swiss State Secretariat for Economic Affairs addressed economic cooperation and future collaboration priorities.
The Argentina Securities Commission (CNV) announced that its president, Roberto E. Silva, spoke at the Finance of Tomorrow event in Rio de Janeiro, discussing digital currencies, cross-border payments, and Argentina's regulations for Virtual Asset Service Providers and tokenisation. Silva participated in a panel with Renato Gomes from the Central Bank of Brazil and met with UK officials to discuss open finance and smart data strategy. The CNV also highlighted Silva's involvement in UK Fintech Week 2025, including his participation in the Global Fintech Forum.
The Bank of the Republic of Burundi, alongside Burundi's National Institute of Statistics, released the 2024 National Survey on Financial Inclusion. The survey indicates a significant increase in access to financial products and services over the past 12 years.
The General Pension and Social Security Authority (GPSSA) has extended the timeframe for paying amounts due when merging service periods from four to ten years for all insured individuals under its pension laws. Implementation will occur in two phases, starting with those with active requests, followed by new applications from November 2025. The legal minimum payment remains at one-quarter of the contribution salary, with the extended timeframe aiding those paying above this minimum.
The Taiwan Financial Services Commission reported a slight increase in non-performing loans (NPLs) and the system-wide NPL ratio for Taiwan's 38 domestic banks as of end-July 2025, with a decline in NPL allowance coverage. Total outstanding loans rose by TWD 529 billion to TWD 43.62 trillion, while NPLs increased by TWD 3.84 billion to TWD 69.73 billion. The FSC deemed asset quality manageable and will require banks to enhance asset quality and financial structure.
The National Bank of Moldova, with the National Bank of Romania and Banque de France, will host an international conference titled “New Technology for Old Markets” in Chisinau on 19 September 2025. It will explore emerging technologies like distributed ledger technology and central bank digital currencies, featuring sessions on AI in market surveillance, DLT-based infrastructure, and digital banking transformation. The conference will include international experts and central bank representatives, with confirmed participation from European central bank governors.
The Joint Committee of the European Supervisory Authorities, including the European Insurance and Occupational Pensions Authority, released its fourth annual report on voluntary disclosure of principal adverse impacts (PAIs) under the Sustainable Finance Disclosure Regulation (SFDR). The report highlights improvements in PAI disclosure quality, with larger multinational groups providing more detailed information than smaller entities. It also offers recommendations for National Competent Authorities and the European Commission for the upcoming SFDR review.
The ADGM Financial Services Regulatory Authority has issued Consultation Paper No. 9 of 2025, proposing a regulatory framework for Regulated Activities involving Fiat-Referenced Tokens (FRTs) and seeking public feedback. The proposals expand the scope of Regulated Activities related to FRTs, outline rules for Authorised Persons handling client FRTs, and suggest amendments for those issuing FRTs.
The Angola Capital Markets Commission has approved the registration of PALMEIRA REAL, a closed-end real estate investment fund offered by private subscription. The fund's policy mandates that real estate and comparable assets comprise at least 75% of total assets, with the remainder in Angolan state securities and money market instruments. OHUASI INVESTMENT will manage the fund, with Banco Millennium Atlântico, S.A. as the depositary.
The Angola Capital Markets Commission has authorized the registration of BFA RENDE+, a closed-end special securities investment fund for public subscription. The fund will invest in money and capital market opportunities, managed by BFA Gestão de Activos – Sociedade Gestora de Organismos de Investimento Colectivo, S.A., with Banco de Fomento Angola, S.A. as depositary.
The Angola Capital Markets Commission has approved the registration of a new closed-end special securities investment fund, BNS KITADI KIAMI I, for public subscription. The fund aims to invest in opportunities within Angola's money and capital markets, managed by Black N Share – Sociedade Gestora de Organismos de Investimento Colectivo, S.A., with Banco Valor, S.A. as the depositary.
The Saudi Arabia Capital Markets Authority approved CHUBB Arabia Cooperative Insurance's capital increase from SAR 300 million to SAR 400 million via bonus shares. The increase will be funded by transferring SAR 52 million from retained earnings and SAR 48 million from the statutory reserve, raising shares from 30 million to 40 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.
The Saudi Arabia Capital Markets Authority has approved Saudi Reinsurance Company's capital increase from SAR 1,158,300,000 to SAR 1,698,100,000 through the issuance of bonus shares. The increase involves issuing four bonus shares for every nine existing shares, funded by transferring SAR 539,800,000 from retained earnings. This will raise the number of outstanding shares from 115,830,000 to 169,810,000.
The Central Bank of Montenegro hosted IMF Executive Director Jeroen Clicq to discuss reform priorities for European financial integration, including SEPA transactions. The parties agreed to deepen cooperation on projects such as the TIPS clone with the Bank of Italy and initiatives for financial stability and digital transformation. Further discussions are scheduled for the IMF and World Bank Annual Meetings in October 2025.
The Angola Capital Markets Commission approved Nelson Cadete's registration as an individual investment consultant, authorizing him to provide securities investment advisory services under its supervision.
The Angola Capital Markets Commission joined the National Forum on Audit and Tax Compliance, emphasizing auditing and compliance's role in boosting investor confidence and financial stability. Executive Administrator Nádia Pinto highlighted the Commission’s anti-money laundering and counter-terrorism financing measures aligned with international standards. The forum at the Justice Palace auditorium focused on audit best practices, tax compliance, and combating tax evasion and money laundering.
The Hong Kong Mandatory Provident Fund Schemes Authority has re-appointed Eric Lui Chi-kin as CEO of eMPF Platform Company Limited for a term from 9 September 2025 to 31 December 2026. The eMPF Company will soon start recruiting for its next CEO.
The Ukraine National Commission on Securities and Stock Market (NSSMC) met with an International Monetary Fund (IMF) delegation to discuss implementing IMF memorandum provisions and future regulatory plans, including corporate governance and virtual asset market regulation. The NSSMC outlined plans for IT process upgrades and XBRL system optimisation. Both parties affirmed their commitment to ongoing cooperation for financial stability and capital market development in Ukraine.
The Central Bank of Cyprus published aggregated sector data for Credit Facility Operators and Credit Acquiring Companies in Cyprus for H1 2025.
The National Bank of Georgia's First Vice Governor, Ekaterine Mikabadze, highlighted the importance of regional cooperation and regulatory alignment at Astana Finance Days 2025. She emphasized Georgia's efforts in regional financial integration and adherence to international principles in financial services. Mikabadze advocated for a unified approach to regulation and supervision to enhance cross-border financial services.
The Securities and Exchange Commission of Pakistan reported 3,278 new company registrations in August 2025, with 99.9% processed digitally, bringing the total to 265,587. Private limited companies made up 59% of new registrations, with Information Technology and e-commerce leading sector incorporations. The SECP is launching an awareness drive to promote incorporation benefits and enhance digital infrastructure.
Bank of Indonesia reported a decrease in official reserve assets to USD 150.7 billion at end-August 2025, down from USD 152.0 billion in July, due to external debt repayments and rupiah stabilisation efforts. Despite the decline, reserves cover 6.3 months of imports, exceeding the international adequacy standard. The central bank anticipates reserves will remain sufficient, supported by a positive export outlook and capital account surplus.
The Federal Reserve Bank of New York's August 2025 Survey of Consumer Expectations shows a slight rise in short-term inflation expectations to 3.2%, with medium- and longer-term expectations stable. Labor market sentiment worsened, with increased unemployment expectations and a decline in the perceived ability to find new employment. Household income growth expectations remained at 2.9%, while expected spending growth increased to 5.0%, and credit access perceptions showed mixed results.
The People's Bank of China renewed bilateral local currency swap agreements with the European Central Bank, Swiss National Bank, and National Bank of Hungary, totaling CNY 540 billion, during the Bank for International Settlements Governors’ Meeting. The renewals aim to enhance monetary and financial cooperation, facilitate bilateral trade and investment, and maintain financial market stability.
The Bermuda Monetary Authority has issued a Guidance Note detailing expectations for firms applying for a licence under the Digital Asset Business Act 2018. The note outlines minimum standards and documentation required, with assessments applying a proportionality principle based on licence class and business specifics. It serves as a non-binding resource for prospective applicants.
The Luxembourg Commission de Surveillance du Secteur Financier has issued guidelines detailing pre-issuance disclosure templates for issuers of bonds marketed as environmentally sustainable or sustainability-linked.
The Financial Intelligence Agency and the Botswana Non-Bank Financial Institutions Regulatory Authority warned of rising fraudulent loan applications targeting micro-lenders, involving counterfeit identity cards and forged income records. Financial institutions are urged to enhance verification processes with issuing authorities and employers. The public is reminded that loan fraud is a serious criminal offence under Botswana law.
Greece's Ministry of National Economy and Finance announced a tax reform package targeting demographics and the middle class, costing EUR 1.76bn for 2026 and EUR 2.5bn for 2027. Key measures include reduced income tax rates for families and young workers, phased-out ENFIA for primary residences in small settlements, and VAT cuts on remote islands. Additional reforms address housing, regional policy, and presumptive taxation, alongside initiatives for defence and technology manufacturing, and a new Pharmaceutical Innovation Fund.
Greece's Ministry of National Economy and Finance announced a structural tax reform package effective January 2026, including pension-related tax changes, recalibrated living expense rules, and targeted indirect tax relief for smaller border islands. Key measures involve reshaping the income tax scale for pensioners, abolishing the subscription television levy, and extending a 30% VAT reduction to additional islands. The reform also adjusts the minimum presumed income framework for self-employed individuals and provides tax exemptions for foundations and donations.
Greece's Ministry of National Economy and Finance, led by Minister Kyriakos Pierrakakis, outlined a fiscal package at the Thessaloniki International Fair, focusing on income tax relief for families and young people instead of broad VAT cuts. Constrained by EU fiscal rules and a EUR 1.76bn fiscal cap for 2026, the package includes targeted VAT reductions for small and border islands. The measures, which also encompass earlier business tax cuts, are set for a vote with implementation expected from January 2026.
The Australian Financial Complaints Authority (AFCA) seeks stakeholder feedback on two new Approach documents detailing its assessment of life insurance complaints related to misrepresentation and non-disclosure, reflecting 2021 amendments to the Insurance Contracts Act. The consultation period is from 8 September to 10 October 2025.
The Hong Kong Securities and Futures Commission reprimanded and fined Instinet Pacific Limited $8 million for not complying with The Stock Exchange of Hong Kong Limited's reporting requirements for cross trades. Instinet failed to report 8,817 pairs of cross trades worth about $25.9 billion between December 2012 and March 2018, lacking internal controls. The sanction considered the duration and scale of breaches, along with Instinet's cooperation and remedial actions.
Sveriges Riksbank's Economic Commentary examines Sweden's trade links with China and potential impacts from China–U.S. trade shifts. Chinese exports could redirect to Sweden and the EU, but the overall impact on Swedish inflation is expected to be minimal, despite increased competitive pressure for some Swedish exporters. Sweden's imports from China are larger than standard figures suggest, with significant overlap in imported goods with the U.S., potentially leading to lower import prices and limited inflation effects.
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) ordered the closure of "Cooperativa de Ahorro y Crédito La Troyca" for operating without authorization in Huamachuco and Bagua Grande. The entity breached Law 26702 by collecting funds without SBS registration and continued operations despite SBS demands to cease. A criminal complaint was filed for unauthorized fund collection and resistance to authority.
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent websites and phishing scams targeting several banks, including The Bank of East Asia and Shanghai Commercial Bank. The alert emphasizes that banks will not send SMS or emails with hyperlinks for transactions or request sensitive information. Affected individuals are advised to contact their bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
The Hong Kong Monetary Authority has initiated a public consultation on the Phase 2A prototype of the Hong Kong Taxonomy for Sustainable Finance, expanding its framework to include six sectors and 25 economic activities. This phase introduces new transition elements such as interim decarbonisation targets and climate change adaptation objectives to address greenwashing and support sustainable finance decision-making.
Research by the National Bank of Belgium shows a decline in Belgium's wage share since 2013, unlike the stable euro area. This is due to increased labor productivity without wage growth, wage moderation policies, and shifts towards capital-intensive industries like pharmaceuticals. The study notes potential macroeconomic and fiscal impacts, such as reduced household consumption and pressure on public finances, but finds no evidence of increased inequality in Belgium.
The Thailand Office of Insurance Commission and the Economic Crime Suppression Division announced arrests linked to Mycar Service Plus 1989 Co., Ltd. for allegedly operating as a non-life insurer without a license, affecting nearly 500 victims with payments over THB 30 million. The company sold contracts deemed insurance under the Civil and Commercial Code, leading to charges under the Non-life Insurance Act and Computer Crime Act. The OIC advises consumers to verify insurance entities and policies through official channels.
Mexico’s National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported a 19.6% increase in complaints in Oaxaca from January to July 2025, totaling 3,401 cases. The claimed amount decreased by 18.4% to MXN 120 million, with MXN 22 million recovered, down 30% year on year. Credit cards, personal loans, and debit cards were the most complained-about products, with banking accounting for 55.1% of complaints, primarily involving older adults and potential fraud.
The Arab Monetary Fund has commenced the 22nd regular meeting of the Financial Stability Task Force in Abu Dhabi, gathering directors of financial stability departments from Arab central banks and monetary authorities, alongside regional and international institutions, to exchange experiences and expertise.
The Central Bank of Liberia has launched its Financial Education program in Margibi County, training 13 local mobilizers to deliver guidance on saving, budgeting and money management. The county-based approach is meant to improve access by using trusted community representatives, and Margibi is the fifth county rollout under the national financial inclusion strategy.
The Central Bank of Iraq's Governor met with the United Nations Development Programme's Resident Representative to discuss cooperation on enhancing the regulatory framework for e-commerce, focusing on consumer protection and digital economy growth. The meeting also addressed digital transformation in electronic transactions and the Central Bank's reform plan, which aims to stabilize the banking sector and boost economic activity.
The European Central Bank and the People’s Bank of China have extended their bilateral euro-renminbi currency swap arrangement for three years, maintaining the cap at CNY 350 billion and EUR 45 billion. This facility serves as a backstop for potential renminbi liquidity shortages at euro area banks. The ECB highlighted its role in supporting global financial stability and aligning with trade and investment volumes between the euro area and China.
The Superintendency of Banks of the Dominican Republic has introduced a framework for financial entities to offer a Basic Savings Account for MSMEs to enhance financial inclusion. The account, denominated in Dominican pesos, has a monthly transaction limit of DOP 700,000 and must be accessible both in person and digitally with minimal charges. Institutions must ensure equitable treatment, conduct due diligence, and may open accounts for entities with certain criminal records if conditions under Law 155-17 are met.
The Central Bank of the Philippines (BSP) held its 2025 Outstanding BSP Stakeholders Appreciation Ceremony in Butuan City, recognizing nine institutional partners for contributions to financial inclusion, education, and digital payments. Led by Monetary Board Member Jose L. Querubin and BSP Deputy Governor Bernadette Romulo-Puyat, the event highlighted efforts to extend financial services to more communities. This ceremony is part of a series recognizing partners supporting BSP's mandates on price and financial stability.
The Estonian Financial Supervision Authority revoked Kemotex Finance OÜ’s operating licence as a creditor and mortgage creditor at the company's request. Consequently, Kemotex Finance OÜ is prohibited from entering into credit agreements or conducting related transactions. The licence was originally issued on 3 April 2017.
Estonia's Financial Supervision Authority, Finantsinspektsioon, authorized AS Plural Estonia as a fund manager on 11 August, allowing it to manage alternative funds. The firm employs an alternative venture capital strategy and is listed among authorized investment firms on the supervisor’s website.
The Tallinn Administrative Court granted Ühisarveldused AS temporary legal protection, suspending the Estonian Financial Supervisory Authority's decision to withdraw its payment institution licence until 22 September. Ühisarveldused AS remains authorised to provide payment services under its existing licence. The Estonian Financial Supervisory Authority will submit its position by 15 September, after which the court will decide on the injunction's status.
The New Zealand Financial Markets Authority announced an enforceable undertaking with ANZ, which admitted breaching fair dealing provisions of the Financial Markets Conduct Act by making misleading representations about unarranged overdraft fees and mortgage cash contributions. ANZ agreed to pay NZD 3.25 million to the Crown and implement measures to prevent recurrence, including policy enhancements and a new process for mortgage discharge reasons.
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation on four websites and instructed internet providers in Italy to block access. The cumulative number of sites subject to such orders has reached 275 since November 2023. IVASS advises consumers to verify insurance offers and ensure they are from authorized entities.
The Monetary Authority of Singapore announced the first close of the Green Investments Partnership, securing USD 510 million for green infrastructure in Southeast and South Asia. Managed by Pentagreen Capital, the fund will finance climate-related projects in renewable energy, electric vehicle infrastructure, and more. This initiative is part of MAS's FAST-P, launched in 2023 to mobilize capital for Asia's transition, alongside other partnerships supporting decarbonisation and energy transition projects.
The Oman Financial Services Authority partnered with Islamic Finance News to host the IFN Oman Forum 2025, focusing on sustainable investment and cross-border Islamic finance. Discussions highlighted growth in Islamic banking and Waqf financing, with opportunities for foreign investment and cross-border corridors with Malaysia. FSA officials emphasized regulatory support, corporate governance, and innovative financing tools to advance Oman's Islamic finance market.
The Vietnam State Securities Commission cancelled its tender for server systems, valued at VND 13 billion, due to all submissions failing to meet solicitation requirements under Article 17(1) of Vietnam’s Bidding Law. The tender was an open, domestic e-procurement process with a 150-day implementation period.
The Vietnam State Securities Commission requires individuals on a specified list to pay VND 1,000,000 for a securities practising certificate, per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payments can be made via bank transfer to the Commission’s accounts at Vietinbank or Vietcombank, or in person. Failure to complete the procedure within one year of notification will result in certificate cancellation.