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  • 2025-09-03South KoreaSouth Korea Financial Supervisory Service

    South Korea Financial Supervisory Service reports Q2 2025 asset managers’ AUM rises to KRW 1,799.4 trillion and net income to KRW 855.5 billion

    South Korea's Financial Supervisory Service reported a 4.0% quarterly increase in assets under management to KRW 1,799.4 trillion by end-June 2025, with net income at KRW 855.5 billion. Fund assets grew 5.6%, driven by increases in publicly and privately offered funds, while discretionary management assets rose 1.1%. The FSS plans to monitor capital flows and analyze the financial status of asset management companies to enhance consumer protection and industry soundness.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-09-03EuropeEuropean Systemic Risk Board

    European Systemic Risk Board chair Lagarde calls for EU legislation to address MiCAR gaps in stablecoin multi-issuance schemes

    European Systemic Risk Board Chair Christine Lagarde told the ESRB’s ninth annual conference that macroprudential oversight should target underlying financial activities and system-wide risk transmission as Europe’s financial system grows more complex. Citing stablecoins, she warned that “multi-issuance schemes” involving EU and non-EU issuers could circumvent Markets in Crypto-Assets Regulation safeguards and concentrate redemption risk in the EU. Lagarde urged European legislation to restrict such schemes without robust equivalence regimes and asset-transfer safeguards, and stressed international cooperation to curb cross-border regulatory arbitrage.

    Policy & regulationGuidance & interpretationFinancial stability and systemic risk
  • 2025-09-03SerbiaNational Bank of Serbia

    National Bank of Serbia Governor urges realistic climate goals and broad participation in climate risk management at NGFS plenary

    National Bank of Serbia Governor Jorgovanka Tabaković, at the NGFS Annual Plenary Meeting, emphasized ambitious yet realistic climate goals and coordinated action to manage climate risks. She noted slow progress since the Paris climate conference and stressed clear communication for broad support. Tabaković highlighted climate change's adverse impacts on economic growth, employment, and inflation.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-09-03VietnamVietnam State Securities Commission

    Vietnam State Securities Commission publishes response to Vietnam National Industry and Energy Group on Securities Law and Decree 155 provisions

    The Vietnam State Securities Commission responded to Vietnam National Industry and Energy Group regarding provisions of the Securities Law and Decree 155/2020/ND-CP. This is part of the Ministry of Finance's initiative to review and improve financial and investment regulations.

    Policy & regulationGuidance & interpretationOther
  • 2025-09-03BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission accepts BRL 660,000 settlement with D1000 Varejo Farma CEO and investor relations director

    The Brazil Securities Commission (CVM) approved a settlement with Sammy Birmarcker and Rita Cristiane Ribeiro Carvalho, executives of D1000 Varejo Farma Participações S.A., concluding an administrative sanctions proceeding. Each executive will pay BRL 330,000, totaling BRL 660,000. The settlement was endorsed by the Commitment Term Committee and the Federal Attorney’s Office at the CVM.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-09-03BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission reminds investment advisers of continuing education recertification requirements as first PEC cycle ends in January 2026

    The Brazil Securities Commission (CVM) issued Circular Letter CVM/SMI 1/2025, emphasizing the completion of the first cycle of the Continuing Education Program (PEC) by 31 January 2026 for investment advisers registered in January 2021 or earlier. Advisers must earn PEC points or pass a renewal exam to maintain certification, with 2026 marking the first potential loss of accreditation for non-compliance. The CVM advises intermediaries to monitor compliance and implement controls to prevent service disruption.

    Policy & regulationRules & requirementsOther
  • 2025-09-03North MacedoniaSecurities and Exchange Commission of the Republic of North Macedonia

    Securities and Exchange Commission of the Republic of North Macedonia stresses clearer digital-era rules and supports regional capital markets linkage at HANFA conference

    The Securities and Exchange Commission of North Macedonia attended the International Conference “Capital Markets in the Digital Age: Balancing Innovation and Surveillance” in Dubrovnik, discussing digitalisation's impact on capital markets and supervisory approaches. Key discussions focused on simplifying and harmonising regulation while maintaining market stability and confidence. Meetings also addressed regional capital market integration and cooperation with European regulators.

    Policy & regulationCooperationFintech and insurtechRegtech and suptechMarket development
  • 2025-09-03AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan hosts ICPC session on technology and talent in financial transformation

    The Central Bank of the Republic of Azerbaijan hosted a session on "The role of technology and talent in financial transformation" during the 49th International Collegiate Programming Contest world final. Deputy Governor Vusal Khalilov emphasized the importance of skilled human capital in technological advancement. Discussions covered Azerbaijan's payment systems, financial technologies, digital transformation, and IT solutions, attracting about 100 participants from relevant sectors.

    Financial literacy & educationFintech and insurtech
  • 2025-09-03AzerbaijanCentral Bank of the Republic of Azerbaijan

    Central Bank of the Republic of Azerbaijan launches new fintech information portal and dedicated social media pages

    The Central Bank of the Republic of Azerbaijan launched a fintech and innovation website and social media pages to centralize digital finance information and enhance partner communication. The portal includes updates on market activities, regulatory initiatives, and digital solutions, focusing on the special regulatory regime, Open Banking, virtual assets, and distributed KYC. New LinkedIn and Instagram accounts will share fintech news and interactive content to foster innovation-oriented collaboration.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-09-03GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission issues Russia sanctions notice on 11 UK-designated persons and entities

    The Guernsey Financial Services Commission issued a Russia sanctions notice designating eight individuals and three organizations under the UK Russia sanctions regime. Firms must freeze assets, report findings, and ensure no funds reach the designated entities, including the Akhmat Kadyrov Foundation and Volunteers of Victory. Compliance requires reporting to the States of Guernsey Policy & Resources Committee and informing the Commission under Handbook Rule 12.37.

    Policy & regulationGuidance & interpretationNew sanctions designations
  • 2025-09-03GuernseyGuernsey Financial Services Commission

    Guernsey Financial Services Commission amends private trust company guidance to require licensing or permission under the fiduciaries law

    The Guernsey Financial Services Commission revised its guidance on private trust companies (PTCs), clarifying they fall under The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2020. PTCs must now apply for a licence under section 6 or obtain permission under section 3(1)(ac) of the Law. This update aligns the guidance with current practice following a review conducted last year.

    Policy & regulationGuidance & interpretationLicensing framework and process
  • 2025-09-03ParaguayCentral Bank of Paraguay

    Central Bank of Paraguay swears in former attorney general Marco Aurelio González as board member

    The Central Bank of Paraguay swore in Marco Aurelio González as a full member of its board. González used the ceremony to reaffirm support for the bank’s institutional role and for price stability. Officials highlighted his more than 20 years at the central bank and his most recent role as attorney general.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-09-03RussiaCentral Bank of Russia

    Central Bank of Russia Regional Economy report finds consumption growth accelerating amid a broader slowdown

    The Central Bank of Russia's September Regional Economy report highlights a slight acceleration in consumer activity during July–August, with strong demand for services and public catering, and increased car sales. However, broader economic activity slowed, with reduced construction demand and lower cargo traffic at southern seaports. Offsetting factors include increased tourist traffic and restored capacity at oil refineries.

    ResearchEconomic data and developments
  • 2025-09-03RussiaCentral Bank of Russia

    Central Bank of Russia publishes a register of Russian bonds and shares to support securities reporting

    The Central Bank of Russia has released a register of Russian securities, offering reference data on bonds and shares to aid market participants in reporting. The register includes details such as ISIN, state registration number, denomination currency, and issuer information. Future expansions may include securities from foreign issuers.

    Data & statisticsRegulatory reporting
  • 2025-09-03RussiaCentral Bank of Russia

    Central Bank of Russia revokes Tavrichesky Bank licence after ending DIA.RF bankruptcy prevention plan

    The Central Bank of Russia revoked Tavrichesky Bank's licence due to a complete loss of equity capital and inadequate capital ratios. The Deposit Insurance Agency was appointed as provisional administrator, with depositors eligible for compensation up to RUB 1.4 million. Tavrichesky Bank, ranked 60th by assets, is expected to satisfy first- and second-priority creditor claims in full after asset liquidation.

    SupervisionAuthorisations & approvalsPrudential risksCapital adequacy
  • 2025-09-03RussiaCentral Bank of Russia

    Central Bank of Russia reports higher motor insurance sales and rising average claim payouts in 2025 H1

    The Central Bank of Russia reported a rise in sales of compulsory motor third-party liability insurance (CMTPLI) and comprehensive motor insurance for individuals in H1 2025, with CMTPLI policies up 4.2% and comprehensive policies up nearly 5%. The average CMTPLI premium decreased by 4% to RUB 6,800, while compensation rose 17% to RUB 108,400. Comprehensive motor insurance premiums remained stable, with compensation increasing nearly 12% to RUB 183,100, contributing to overall insurance market growth of about one third to RUB 1.8 trillion.

    Data & statisticsSales and distribution
  • 2025-09-03SwedenFinansinspektionen

    Swedish Financial Supervisory Authority publishes average variable mortgage rates for eight major banks and urges borrowers to compare offers

    The Swedish Financial Supervisory Authority reported that average mortgage rates at the largest banks varied significantly, with a 0.30 percentage point gap between the highest and lowest rates. The average rate for new and renegotiated variable-rate mortgages was 2.82% in July, down from April. Borrowers are encouraged to compare rates and consider switching banks if dissatisfied.

    Data & statisticsLending
  • 2025-09-03IcelandCentral Bank of Iceland

    Central Bank of Iceland publishes minutes from its 18-19 August 2025 Monetary Policy Committee meeting

    The Central Bank of Iceland released the minutes of the Monetary Policy Committee's 129th meeting, detailing discussions on economic and financial market developments and the application of monetary policy instruments, following its procedural rules for disclosure.

    Monetary policyPolicy rate decision minutes and accountsMonetary policy decisions and developments
  • 2025-09-03CanadaOffice of the Superintendent of Financial Institutions

    Office of the Superintendent of Financial Institutions outlines 3–5 year priorities on data-led supervision, governance accountability and integrity risks while pursuing regulatory efficiency

    The Office of the Superintendent of Financial Institutions outlined strategic priorities for banks and insurers, focusing on enhanced supervision, accountability, and risk management. The speech highlighted the resilience of systemically important banks with a Common Equity Tier 1 ratio of 13.7%, exceeding the 11.5% floor, and addressed vulnerabilities in real estate markets. OSFI also expressed openness to supporting defence-related lending as Canada increases defence spending.

    Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
  • 2025-09-03ChileCentral Bank of Chile

    Central Bank of Chile publishes Price Determinants and Expectations Survey with 12- and 24-month inflation expectations steady at 4%

    The Central Bank of Chile released its Price Determinants and Expectations Survey, revealing that median inflation expectations for 12- and 24-month horizons remain at 4%. Firms report stable perceptions of rising costs, neutral selling prices, and slightly declining sales levels, with profit margins unchanged. The influence of costs and the US dollar exchange rate on prices has lessened but continues to exert upward pressure.

    Data & statisticsEconomic data and developments
  • 2025-09-03EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority adds 3 companies and 36 social media pages to negative list and reiterates warning against unlicensed investment and financing offers

    The Egypt Financial Regulatory Authority (FRA) added three companies and 36 social media pages to its negative list for breaching non-banking financial laws. These entities allegedly solicited investments without authorization and promoted unauthorized consumer finance practices. The FRA warned against engaging with unlicensed financial solicitations and emphasized online resources for verifying licensed providers and reporting fraud.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-09-03AlbaniaBank of Albania

    Bank of Albania cuts electronic payment commissions and sets domestic-priced SEPA euro transfer fees for 7 October 2025 launch

    The Supervisory Council of the Bank of Albania approved the 2025 H1 Financial Stability Statement and Report, noting a stable financial system with expanding banking activity and resilience indicators. Regulatory changes were adopted for bank resolution monitoring, payment systems, euro transfers, and foreign exchange bureau supervision, including reduced fees for electronic payments and tightened licensing requirements. Amendments aligned euro credit transfer fees with EU standards, preparing for SEPA implementation in October 2025.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-09-03United StatesFederal Reserve Board

    Federal Reserve Board announces October 21 conference on payments innovation

    The Federal Reserve Board will host a Payments Innovation Conference on October 21 to explore advancements in the payments system. Discussions will cover the convergence of traditional and decentralized finance, stablecoin use cases, AI in payments, and tokenization of financial products. Governor Christopher J. Waller highlighted the focus on opportunities and challenges of new technologies to enhance payment safety and efficiency.

    Policy & regulationImplementation, projects & pilotsPayments and payment systemsFintech and insurtech
  • 2025-09-03MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets announces Sireți City Hall’s MDL 3 million municipal bond public offering

    The National Commission for Financial Markets announced the first municipal bond issuance by a rural locality in Moldova, with Sireți City Hall offering MDL 3 million in bonds for road modernization. The issuance includes two bond classes: a two-year term at 8.75% and a three-year term at 9.00%, secured by city hall revenues. The offering is part of a municipal bond support programme facilitated by Expert-Grup and supported by the Dutch Embassy.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-09-03ChileChile Financial Market Commission

    Chile Financial Market Commission amends CCP risk management rules to introduce bilateral portfolio compression procedures

    The Chile Financial Market Commission amended General Rule No. 258 to update credit risk and liquidity management for systems clearing and settling financial instruments. The amendment introduces bilateral portfolio compression in central counterparty systems, reducing contracts and notional value without altering net counterparty risks or collateral needs. It mandates compression requirements and traceability for CCPs and participants, detailed in an accompanying Regulatory Report.

    Policy & regulationRules & requirementsCCPs
  • 2025-09-03NorwayNorwegian Finanstilsynet

    Norwegian Financial Supervisory Authority sets out a 2025 programme to simplify reporting, rule implementation and supervisory processes

    The Norwegian Financial Supervisory Authority, led by Director General Per Mathis Kongsrud, is aligning its 2025 mandate with the EU's regulatory simplification efforts, focusing on streamlining operations for supervised firms without deregulation. An internal working group has identified potential measures in supervisory and sustainability reporting and is exploring data-sharing projects to combat economic crime. The Authority plans to engage with EU bodies and other stakeholders for further development and potential regulatory changes.

    Policy & regulationReform agendas & prioritiesRegulatory burden
  • 2025-09-03EgyptCentral Bank of Egypt

    Central Bank of Egypt publishes financial inclusion indicators showing 53.8 million active transaction account users

    The Central Bank of Egypt reported an increase in financial inclusion, with 76.3% of citizens aged 15 and above owning active transaction accounts as of June 2025, up from 74.8% in December 2024. The data also showed improved inclusion among women and youth, with respective increases to 70% and 54.4%. Overall financial inclusion has risen by 214% since 2016.

    Data & statisticsFinancial inclusion
  • 2025-09-03VietnamState Bank of Vietnam

    State Bank of Vietnam amends payment account rules introducing in-person biometric checks and phased implementation to March 2026

    The State Bank of Vietnam issued Circular 25/2025/TT-NHNN amending regulations on payment accounts, enhancing in-branch account-opening procedures with face-to-face and biometric verification, and expanding electronic account options. Key changes include new security requirements, phone number verification for electronic registrations, and updated rules for non-resident foreign investors. The circular took effect on 31 August 2025, with some provisions applying later.

    Policy & regulationRules & requirementsPayments and payment systems
  • 2025-09-03ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission begins phased review to repeal and simplify obsolete capital markets rules

    The Argentina Securities Commission (CNV) is conducting a comprehensive review of its regulatory framework to eliminate outdated or redundant provisions and streamline procedures in Argentina's capital markets. This includes assessing existing Interpretative Criteria for potential incorporation into the formal rulebook. The initiative aims to simplify rules, enhance clarity, and maintain investor protection while fostering market development.

    Policy & regulationRules & requirementsRegulatory burden
  • 2025-09-03ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission exempts General Regime issuers from differentiated panel and qualified-investor limits in automatic share offerings

    The Argentina Securities Commission (CNV) issued General Resolution No. 1083, amending requirements for the Automatic Public Offering of shares by exempting issuers under the General Regime from certain restrictions. This change aims to simplify access to new share issuance, building on previous resolutions for low- and medium-impact offerings.

    Policy & regulationRules & requirementsMarket development
  • 2025-09-03SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)

    Swiss Financial Market Supervisory Authority publishes 2024 insurance market report showing aggregate profits down 24% to CHF 10.4 billion

    The Swiss Financial Market Supervisory Authority (FINMA) released its 2024 insurance market report, showing a 24% decline in aggregate annual profits to CHF 10.4 billion, mainly due to a sharp drop in reinsurers' results. Life insurers' profits rose 22% to CHF 1.6 billion, while non-life insurers saw a 3% increase to CHF 7.1 billion. FINMA also provided detailed electronic tables for company-level and aggregated data through its insurers' reporting portal.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-09-03IndiaSecurities & Exchange Board of India

    Securities and Exchange Board of India runs Bhopal outreach programme to equip Urban Local Bodies to issue municipal bonds

    SEBI hosted a Municipal Bond Outreach Programme in Bhopal to boost Urban Local Bodies' (ULBs) infrastructure financing via municipal bonds. SEBI Whole Time Member Amarjeet Singh emphasized municipal bonds as a key tool and highlighted initiatives like an e-learning course by the National Institute of Securities Markets and the World Bank. Madhya Pradesh Additional Chief Secretary Sanjay Dubey urged ULBs to improve financials and collaborate with stakeholders for successful bond fundraising.

    Policy & regulationImplementation, projects & pilotsMarket development
  • 2025-09-03MoldovaNational Bank of Moldova

    National Bank of Moldova expands School of Modern Finance to include journalism students and economic journalists

    The National Bank of Moldova, supported by the National Bank of Romania and Bucharest University of Economic Studies, expanded its School of Modern Finance to future economic journalists. Governor Anca Dragu emphasized the initiative's role in enhancing financial education and public communication of economic realities. The program combines financial-banking training with cultural activities and thematic visits, now including students from Moldova State University's Faculty of Journalism and Communication Sciences.

    Financial literacy & educationFinancial literacy and education
  • 2025-09-03PeruSuperintendencia del Mercado de Valores de Peru

    Peru's Superintendencia del Mercado de Valores reports OPP debt issuance up 8% to USD 717 million through August 2025

    Peru's Superintendencia del Mercado de Valores reported that companies raised USD 717 million through 40 OPP securities placements by 24 issuers by end-August 2025, marking an 8% increase from the previous year. In August 2025, OPP debt placements surged over 140% year-on-year to USD 133 million. The majority of placements were short-term instruments and negotiable certificates of deposit, with 95% denominated in Peruvian soles.

    Data & statisticsSecurities offerings and listings
  • 2025-09-03Cayman IslandsCayman Islands Monetary Authority

    Cayman Islands Monetary Authority launches one-time amnesty for non-compliant registered directors to settle overdue fees and penalties at a discount

    The Cayman Islands Monetary Authority has introduced a One-time Non-Compliant Directors Amnesty Scheme, allowing eligible directors to settle outstanding fees and penalties at a discounted rate. The scheme is available from 16 September to 15 October 2025 for directors with over two years of unpaid fees, excluding those under investigation. Applications must be submitted via the Directors’ Gateway Portal.

    Policy & regulationImplementation, projects & pilotsLicensing and supervisory fees
  • 2025-09-03EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority publishes end-August 2025 Solvency II symmetric adjustment data and will shift future updates to an RSS feed

    The European Insurance and Occupational Pensions Authority (EIOPA) has released the end-August 2025 technical information for the Solvency II symmetric adjustment to the equity capital charge. Starting October 2025, EIOPA will provide updates via an RSS feed on its website instead of separate news items. The symmetric adjustment framework is detailed in Article 106 of Directive 2009/138/EC and Article 172 of the Solvency II Delegated Regulation.

    Policy & regulationGuidance & interpretationPrudential risksCapital adequacy
  • 2025-09-03EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority publishes end-August 2025 risk-free rate term structures and moves future releases to an RSS feed

    The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on the risk-free interest rate (RFR) term structures as of August 2025, used for calculating technical provisions under Solvency II. This information is published monthly on EIOPA's website. Future updates will be announced via a new RSS feed rather than distinct news items.

    Policy & regulationGuidance & interpretationFinancial and market indicators
  • 2025-09-03TürkiyeCentral Bank of Türkiye

    Central Bank of Türkiye launches private-sector call to join the Digital Turkish Lira project ecosystem

    The Central Bank of the Republic of Türkiye has invited the private sector to join the Digital Turkish Lira Research and Development Project, focusing on new use-case projects for the second phase. Banks, payment institutions, and electronic money institutions can collaborate with technology providers to submit projects for joint testing in a sandbox. A Second Phase Progress Report will be published soon.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-09-03United Arab EmiratesDubai International Financial Centre

    Dubai International Financial Centre announces DFSA authorisation of Stronghold Capital Management as a hedge fund manager

    The Dubai International Financial Centre announced that Stronghold Capital Management Limited has been authorized by the Dubai Financial Services Authority to operate as a hedge fund manager in the DIFC. This authorization enhances DIFC's asset management community and aligns with Dubai's D33 Agenda to attract talent and deepen local capital markets.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-09-03NetherlandsDe Nederlandsche Bank

    Netherlands' De Nederlandsche Bank fines Aux Cayes Fintech EUR 2.25 million for providing crypto services without required registration

    De Nederlandsche Bank fined Aux Cayes Fintech Co. Ltd., operating as OKX, EUR 2,250,000 for offering crypto services in the Netherlands without required registration from July 2023 to August 2024. The breach related to the Anti-Money Laundering and Anti-Terrorist Financing Act, with the fine reflecting the severity and duration of non-compliance. The penalty was reduced due to corrective actions by Aux Cayes, including transferring Dutch customers to a registered entity.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-09-02PanamaPanama Superintendencia del Mercado de Valores

    Panama Superintendency of the Securities Market issues investor alert on FX Live Capital for lacking authorisation

    The Panama Superintendency of the Securities Market issued an investor alert stating that FX Live Capital is not licensed by the SMV. Consequently, it is not authorized to conduct brokerage, management, or advisory business in securities, financial instruments, or foreign exchange in or from Panama.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-09-02NicaraguaCentral Bank of Nicaragua

    Central Bank of Nicaragua publishes July 2025 banking indicators showing 11.4% deposit growth and 1.1% delinquency ratio

    The Central Bank of Nicaragua's July 2025 Indicators of the Banking and Financial System report highlights financial solidity, with prudent risk management and adequate solvency and liquidity. Financial intermediation expanded, with public deposits rising 11.4% year-on-year and the loan book increasing 14.3%. Loan quality remained strong with a 95.5% performing loan ratio, while liquidity and capital adequacy were robust at 34.9% and 19%, respectively.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-09-02Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority imposes SAR 10,000 fine on Amana Cooperative Insurance Co for late board report disclosure

    The Saudi Arabia Capital Markets Authority fined Amana Cooperative Insurance Co SAR 10,000 for breaching Article 67 of the Rules on the Offer of Securities and Continuing Obligation. The violation involved the company's delayed disclosure of its board of directors’ report for the financial year ended 31 December 2024, which was only made public on 7 April 2025.

    EnforcementSanctions & designationsSecurities offerings and listings
  • 2025-09-02PolandPolish Financial Supervision Commission (KNF)

    Polish Financial Supervision Commission benchmark reform group reports first domestic use of POLSTR and replacement of WIRON in selected GPW strategy indices

    Poland’s National Working Group for benchmark reform, under the Polish Financial Supervision Commission (KNF), announced the first use of the POLSTR Interest Rate Index in the domestic financial market on 1 September 2025, achieving benchmark status under the EU Benchmark Regulation. GPW Benchmark SA also updated the calculation methodology for several strategy indices, replacing WIRON with POLSTR, in line with the benchmark reform roadmap.

    Policy & regulationImplementation, projects & pilotsFinancial benchmarks
  • 2025-09-02DenmarkDanish Finanstilsynet

    Denmark's Financial Supervisory Authority revises guidance on AML risk assessments and customer due diligence for associations

    Denmark's Financial Supervisory Authority has updated its 2022 guidance under the Danish Anti-Money Laundering Act for banks and entities on assessing associations' money laundering and terrorist financing risks. The guidance supports risk-based customer due diligence, focusing identity checks on authorised signatories and using MitID for low- and medium-risk associations. This revision is part of a broader government initiative targeting the association sector.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-09-02DenmarkDanish Finanstilsynet

    Danish Financial Supervisory Authority orders Danica Pension and Velliv to set out how they will bring health and accident insurance into balance

    The Danish Financial Supervisory Authority has ordered Danica Pension and Velliv Pension & Livsforsikring A/S to address financial imbalances in their health and accident insurance business. The authority warns of ongoing losses, cautioning that pension savers may face high costs if deficits persist. Both firms must submit a plan detailing the financial position and outlook for their SUL business.

    SupervisionInterventionsAsset quality
  • 2025-09-02Hong KongHong Kong Insurance Authority

    Hong Kong Insurance Authority reprimands Tahoe Life and imposes a $10 million fine over unauthorised related-party transactions

    The Hong Kong Insurance Authority reprimanded Tahoe Life Insurance Company Limited and fined it $10 million for unauthorised related-party transactions with Tahoe Group Global (Co.) Limited between July 2019 and April 2020. Two directors, Mr Huang Qisen and Mr Ge Yong, were deemed unfit for their roles and have stepped down. Supervisory measures, including asset ring-fencing and tightened controls, ensure policyholders remain unaffected.

    EnforcementInvestigations & enforcement actions
  • 2025-09-02Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency showcases Conoce tu Futuro pension guidance at Finanzas con Cucharitas fair

    The Dominican Republic's Pensions Superintendency (SIPEN) participated in the "Finanzas con Cucharitas" financial fair in Santo Domingo, offering guidance on pensions and retirement savings. SIPEN's "Conoce tu Futuro" stand allowed attendees to engage with customer service specialists. The event, organized by Economics Data, included sessions on financial planning and featured influencer Patricia Peña discussing retirement planning.

    Financial literacy & educationFinancial literacy and education
  • 2025-09-02AustraliaCouncil of Financial Regulators

    Australia's Council of Financial Regulators coordinates competition reform follow-up and supports APRA holding macroprudential settings steady

    Australia's Council of Financial Regulators released its quarterly statement from the 1 September meeting, focusing on post-Economic Reform Roundtable steps and implementing recommendations from the CFR Review into Small and Medium-sized Banks to enhance competition. The Council also addressed housing-related financial stability risks, global uncertainties, and cyber resilience, while aligning climate and sustainability efforts with the Government’s Sustainable Finance Roadmap.

    Policy & regulationCooperationFinancial stability and systemic riskMacroprudential policy and tools
  • 2025-09-02MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission revokes Bagsak Shipping Incorporated’s authorisation and directs orderly dissolution

    The Mauritius Financial Services Commission has revoked the authorisation of Bagsak Shipping Incorporated under section 74(5) of the Financial Services Act. The company is directed to proceed with an orderly dissolution and discharge its liabilities per the Insolvency Act 2009. The revocation pertains to Authorisation No. AU24201177, reference ENF/02I25/1.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-09-02MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission revokes Angat Shipping Incorporated authorisation

    The Mauritius Financial Services Commission has revoked the authorisation of Angat Shipping Incorporated under Authorisation No. AU24201183. This action was taken pursuant to section 74(5) of the Financial Services Act, in conjunction with section 71A(6).

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-09-02MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission revokes Campana Shipping Incorporated’s authorisation

    The Mauritius Financial Services Commission has revoked the authorisation of Campana Shipping Incorporated, issuing a public revocation notice. This action pertains to Authorisation No. AU24201176 and is based on sections of the Financial Services Act applicable to Authorised Companies and Global Business Licence holders.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-09-02MauritiusMauritius Financial Services Commission

    Mauritius Financial Services Commission revokes Sapang Shipping Incorporated’s authorisation

    The Mauritius Financial Services Commission has revoked the authorisation of Sapang Shipping Incorporated under the Financial Services Act. This action is pursuant to section 74(5) and related provisions, aligning the treatment of authorised companies with holders of a Global Business Licence.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
  • 2025-09-02UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market approves consumer collective interests draft law and new share issuance rules for state enterprise transformations

    The Ukraine National Commission on Securities and Stock Market approved a draft law on consumer protection and adopted regulations for share issuance in joint-stock company transformations. It also registered a non-public offering of corporate bonds by LLC TRADING HOUSE “GALKA” and reported on AZURRO FINANCE LLC's bond issue, while cancelling PVNZIF “ASTON” investment certificates' registration.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-09-02LatviaCentral Bank of Latvia

    Central Bank of Latvia to host the fourth Latvia Fintech Forum focused on the 2025–2027 fintech strategy and regulatory Q&A

    The Central Bank of Latvia will host the fourth Latvia Fintech Forum in Riga on 30 September, focusing on the 2025–2027 development strategy for Latvia’s fintech sector and its role in European economic growth. The event will include discussions with European supervisory bodies, practical sessions on licensing and supervision, and a fintech start-up competition. The forum is organized with the Investment and Development Agency of Latvia and the Investment and Tourism Agency of Riga.

    Policy & regulationReform agendas & prioritiesFintech and insurtech
  • 2025-09-02ItalyBank of Italy

    Bank of Italy publishes survey on the use of innovative tools for AML and CFT compliance by medium-sized banks

    The Bank of Italy released a survey on medium-sized banks' use of innovative tools for anti-money laundering and counter-terrorist financing (AML/CFT) compliance. The report highlights the benefits and risks of these tools and emphasizes the need for a clear digital transformation strategy amid rising transaction volumes and sophisticated criminal activities.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-09-02IndonesiaOJK

    Indonesia Financial Services Authority reports Islamic financial services assets rose 8.21% to IDR 2,972.94 trillion and forms a Sharia Finance Development Committee

    The Indonesia Financial Services Authority (OJK) reported growth in the Islamic financial services industry, with assets reaching IDR 2,972.94 trillion as of June 2025, an 8.21% increase year on year. Islamic banking assets rose 7.83% to IDR 967.33 trillion, surpassing national and conventional banking growth rates. OJK highlighted its 2023–2027 Islamic banking development roadmap, including new product development and forming the Sharia Finance Development Committee.

    Data & statistics
  • 2025-09-02AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission action leads to Market Disciplinary Panel fining Societe Generale Securities Australia AUD 3.88 million for ASX 24 market gatekeeper failures

    The Australian Securities & Investments Commission (ASIC) fined Societe Generale Securities Australia Pty Limited (SocGen) AUD 3.88 million for breaching the ASIC Market Integrity Rules (Futures Markets) 2017. The Market Disciplinary Panel found SocGen allowed 33 suspicious orders in ASX 24 electricity and wheat futures, potentially influencing settlement prices. Despite warnings, SocGen failed to prevent further suspicious orders, highlighting compliance and surveillance deficiencies. SocGen did not contest the breach and has paid the penalty, which does not constitute an admission of guilt.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-09-02BermudaBermuda Monetary Authority

    Bermuda Monetary Authority launches consultation on sustainability disclosures and ban on misleading fund names

    The Bermuda Monetary Authority has issued a consultation paper proposing enhancements to the investment funds framework, focusing on sustainability-related disclosures and prohibiting misleading fund names. The proposals aim to ensure accurate sustainability claims, with expanded definitions and enhanced rules under the Investment Funds Act 2006 and Investment Fund Offering Document Rules 2019. Amendments would also prohibit fund names that misrepresent activities, with compliance required within six months.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-09-02UkraineNational Bank of Ukraine

    National Bank of Ukraine transfers almost UAH 9.8 billion for defense from its special fundraising account in August 2025

    The National Bank of Ukraine reported its special fundraising account for defense forces transferred nearly UAH 9.8 billion in August 2025, with a balance over UAH 5 billion as of 1 September 2025. Since February 2022, the account has received over UAH 83.9 billion, with significant allocations to the Ministry of Defense and the Defence Procurement Agency. The NBU updates the account information daily and continues to accept donations.

    Data & statisticsOther
  • 2025-09-02LuxembourgLuxembourg Commission de Surveillance du Secteur Financier

    Luxembourg Commission de Surveillance du Secteur Financier changes Money Market Fund reporting transmission to two free-of-charge submission methods

    The Luxembourg Commission de Surveillance du Secteur Financier has revised the transmission method for Money Market Fund reporting, effective 1 September 2025, to two specified submission methods. Submission is free, and an updated user guide is available on the eDesk card.

    SupervisionRegulatory reporting
  • 2025-09-02PortugalPortuguese Insurance Regulator (ASF)

    Portugal’s Insurance and Pension Funds Supervisory Authority reports women represent 21% of insurers’ management and supervisory bodies and 17% of pension fund managers’ boards

    Portugal’s Insurance and Pension Funds Supervisory Authority (ASF) reported on diversity and inclusion, highlighting under-representation of women in corporate bodies, particularly boards, despite gains in senior roles. The report links findings to upcoming Solvency II framework expectations, requiring insurers to set quantitative gender-balance objectives in board diversity policies. A future review of the IORP II Directive may introduce similar requirements for the pension fund sector.

    Policy & regulationGuidance & interpretationDiversity and inclusion
  • 2025-09-02AustraliaAustralian Transaction Reports and Analysis Centre (AUSTRAC)

    Australian Transaction Reports and Analysis Centre issues AUD 187,800 infringement notice to Revolut Payments Australia for late international funds transfer reporting

    AUSTRAC fined Revolut Payments Australia Pty Ltd AUD 187,800 for late international funds transfer reports under the Anti-Money Laundering and Counter Terrorism Financing Act. Revolut self-reported, submitted overdue reports, and enhanced controls. AUSTRAC stressed timely reporting's role in detecting financial crime and noted payment platforms' vulnerability to cross-border crime.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-09-02GreeceMinistry of National Economy and Finance (Greece)

    Greece’s Ministry of National Economy and Finance publishes data showing private debt fell to 93.3% of GDP and out-of-court settlements reached 40,515

    Greece’s Ministry of National Economy and Finance refuted PASOK's claims of rising private debt, highlighting a decline in private debt ratios since 2019 and increased debt restructurings post-May 2025 platform upgrade. EU data showed Greek private debt at 93.3% of GDP in 2023, below the EU-27 average of 125.6%, with household debt also decreasing. The ministry noted a 245% rise in successful out-of-court arrangements from 2022 to 2023, increasing further after the 2025 upgrade.

    Data & statisticsOther
  • 2025-09-02United KingdomFinancial Conduct Authority

    Financial Conduct Authority prosecution results in suspended prison sentences and over GBP 280,000 confiscation for West brothers’ insider dealing

    The Financial Conduct Authority (FCA) announced the sentencing of Matthew and Nikolas West for insider dealing. Matthew received a 15-month suspended sentence, and Nikolas a six-month suspended sentence. The brothers, who made GBP 44,164.36 in profits, were ordered to repay over GBP 280,000, reflecting the full value of shares traded, plus more than GBP 50,000 in prosecution costs. The FCA used market surveillance tools to identify the misconduct involving unlawful disclosure of confidential information and trades executed within minutes of receiving insider information.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-09-02FinlandBank of Finland

    Bank of Finland publishes new payments policy prioritising reliable and resilient payment systems and continued access to cash

    The Bank of Finland's updated payments policy emphasizes operational reliability, convenience, and trust in payment and settlement systems. Objectives include maintaining freedom of choice in payment methods, enhancing resilience against disruptions and cyber threats, and ensuring compliance with European standards. The policy supports fraud prevention initiatives and aims to provide customers with reliable financial information.

    Policy & regulationGuidance & interpretationPayments and payment systems
  • 2025-09-02Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission bans former UBS adviser Suen Kin-wing from the industry for life

    The Hong Kong Securities and Futures Commission (SFC) has permanently banned Mr. Suen Kin-wing, a former UBS AG Associate Director, due to criminal convictions for money laundering and contempt of court. Suen diverted over HKD134 million in crime proceeds from Mainland Chinese clients, leading to a 10-year imprisonment sentence. Additionally, he breached a worldwide freezing injunction, resulting in a six-month sentence for contempt of court.

    EnforcementSanctions & designations
  • 2025-09-02Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission secures up to four-year disqualification orders against five former Superb Summit directors

    The Hong Kong Securities and Futures Commission (SFC) secured disqualification orders against five former directors of Superb Summit International Group Limited for negligence in approving acquisitions of non-existent forestry assets. The directors, including Law Wai Fai, Li Jun, Cheng Man For, Qiu Jizhi, and Chan Chi Yuen, are barred from corporate management roles for two and a half to four years. The case, part of section 214 Securities and Futures Ordinance proceedings, was resolved using the Carecraft procedure.

    EnforcementSanctions & designationsCorporate governance
  • 2025-09-02GlobalWorld Bank

    World Bank’s Fifth Economic Update for The Gambia reports 5.7% growth in 2024 while warning elevated public debt remains a key vulnerability

    The World Bank's Fifth Economic Update for The Gambia reports a 5.7% real GDP growth in 2024, driven by strong services, investment, and easing inflation. Despite improved purchasing power and poverty reduction, public debt remains high at 71.2% of GDP, highlighting the need for fiscal discipline. The medium-term outlook anticipates 5.6% growth through 2027, contingent on addressing structural challenges and enhancing resilience to shocks.

    ResearchEconomic data and developments
  • 2025-09-02Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority issues scam alert over fraudulent bank websites and internet banking login screens linked to three banks

    The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake internet banking login screens, and phishing emails targeting The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. The HKMA stressed that banks will not send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-09-02GlobalInternational Association of Insurance Supervisors

    International Association of Insurance Supervisors and World Bank Group set out G20 recommendations to close natural catastrophe insurance protection gaps

    The International Association of Insurance Supervisors (IAIS) and the World Bank Group are addressing natural catastrophe insurance gaps in emerging markets. The initiative includes a G20 input paper and a Durban event on risk assessment and insurance solutions. IAIS announced policy deliverables like principles for Insurance Capital Standard implementation, AI supervision papers, and a consultation on operational resilience.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-09-02Isle of ManIsle of Man Financial Services Authority

    Isle of Man Financial Services Authority publishes Liquidity Coverage Ratio implementation feedback statement under Basel III liquidity standards

    The Isle of Man Financial Services Authority released a feedback statement (FS25-01) on implementing a Liquidity Coverage Ratio (LCR) requirement under Basel III liquidity standards. The statement reviews consultation responses from all five Isle of Man-incorporated banks and outlines changes and next steps. This follows a May 2025 discussion paper and ties into the Authority's October 2024 Basel III roadmap.

    Policy & regulationGuidance & interpretationLiquidity riskPrudential risks
  • 2025-09-02JordanJordan Securities Commission

    Jordan Securities Commission reduces brokerage commissions for share trading and sets a 0.004 maximum and 0.003 minimum per thousand

    The Jordan Securities Commission has revised brokerage commission limits for trading shares, setting a maximum of 0.004 JOD and a minimum of 0.003 JOD per thousand JOD, with flexibility for large transactions over JOD 100,000 to charge as low as 0.001 JOD per thousand JOD. These changes take effect on 3 September 2025.

    Policy & regulationRules & requirementsTrading
  • 2025-09-02BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance promotes consultation on draft CNSP rules for mutualistic property protection operations

    The Brazilian Superintendence of Private Insurance (SUSEP) discussed regulatory developments at an ENS-hosted event in Rio de Janeiro, focusing on a draft resolution for mutualistic property protection operations under Complementary Law No. 213/2025. SUSEP's Director of Prudential Regulation, Airton de Almeida Filho, emphasized the draft's foundation on market parameters and governance, while Coordinator-General César da Rocha Neves noted the extended 45-day consultation period due to its significance.

    Policy & regulationRules & requirementsPrudential risks
  • 2025-09-02BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance releases 4Q25 supervision fee GRU forms due 10 October 2025

    The Brazilian Superintendence of Private Insurance (SUSEP) has released the Guia de Recolhimento da União (GRU) payment forms for the 4th quarter 2025 supervision fee on its website. These forms are available for consultation and printing, with support available for access issues and inquiries about amounts or missing GRUs.

    Policy & regulationImplementation, projects & pilotsLicensing and supervisory fees
  • 2025-09-02South AfricaSouth African Reserve Bank

    South African Reserve Bank publishes side-event findings on improving cross-border payments in sub-Saharan Africa

    The South African Reserve Bank noted inefficiencies in sub-Saharan Africa's cross-border payments due to weak interoperability and regulatory misalignment, with some remittance costs exceeding 10%. Discussions emphasized infrastructure and policy priorities, including expanding fast payment systems and adopting the ISO 20022 messaging standard. Recommendations included harmonized frameworks, expanded non-bank access, and risk-based approaches to anti-money laundering and combating the financing of terrorism.

    Policy & regulationReform agendas & prioritiesCross-border payments
  • 2025-09-02BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority launches PREVIC Citizen dashboard with open data on 270 pension funds and 1,180 benefit plans

    The Brazilian Pension Funds Authority (PREVIC) has launched the "PREVIC Dashboard – Citizen," a free platform offering open data on Brazil's closed supplementary pension sector. It provides information on 270 pension fund entities and 1,180 benefit plans, allowing access to key figures and analyses. Developed with the Ministry of Management and Innovation in Public Services, the tool aims to enhance transparency and stakeholder engagement.

    Policy & regulationImplementation, projects & pilotsSupervisory data
  • 2025-09-02BrazilBrazilian Pension Funds Authority (PREVIC)

    Brazilian Pension Funds Authority promotes mediation and conciliation at UniAbrapp workshop on pension disputes

    The Brazilian Pension Funds Authority (PREVIC) emphasized alternative dispute resolution's role in preserving pension arrangements at UniAbrapp’s workshop. PREVIC highlighted its Mediation, Conciliation and Arbitration Chamber, offering free services to resolve disputes in the closed supplementary pension sector. PREVIC officials underscored governance tools like mediation to minimize litigation risk and enhance stability.

    Policy & regulationImplementation, projects & pilotsComplaints and dispute resolution
  • 2025-09-02AndorraMinistry of Finance (Andorra)

    Andorra's Ministry of Finance confirms audits must use RACA-registered auditors as register reaches 11 firms and 33 professionals

    Andorra's Ministry of Finance updated the Register of Auditors of Accounts (RACA), with 11 firms and 33 professionals registered. From 2025, audits must be conducted by RACA-registered auditors for entities required to audit annual accounts, including public-interest entities and those supervised by the Andorran Financial Authority. The 2024 Audit of Accounts Law introduces a supervision mechanism to ensure audit quality and sets registration requirements for auditors.

    Policy & regulationRules & requirementsAuditing
  • 2025-09-02BahrainCentral Bank of Bahrain

    Central Bank of Bahrain launches consultation on a rulebook framework for sustainable and sustainability-linked debt securities with responses due 30 September 2025

    The Central Bank of Bahrain is consulting on amendments to its Capital Markets Rulebook Volume 6 to establish a regulatory framework for Sustainable and Sustainability-Linked Debt Securities. The draft includes eligibility conditions, a disclosure, reporting, and verification regime, and requires prior approval for issuers. Sustainable Debt Securities must adhere to use-of-proceeds requirements, while Sustainability-Linked Debt Securities are governed by KPI and Sustainability Performance Target criteria.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-09-02PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines imposes maximum administrative penalties on supervisors linked to attendance record falsification

    The Monetary Board of the Bangko Sentral ng Pilipinas imposed maximum administrative penalties on two supervisors for falsifying attendance records, including dismissal and forfeiture of retirement benefits. This follows previous dismissals and resignations related to similar misconduct. Reforms include enhanced training, ethics reorganization, and a new HR system for improved monitoring.

    EnforcementInvestigations & enforcement actions
  • 2025-09-02EstoniaFinantsinspektsioon

    Estonia’s Financial Supervision Authority launches quarterly household financial services indicators release

    Estonia’s Financial Supervision Authority (Finantsinspektsioon) has initiated a quarterly statistical release on households’ use of financial services, covering deposits, loans, investments, and pension funds. This aims to assess the financial position of Estonian households and monitor changes over time. Data will be sourced from supervisory reports by Estonian financial companies and foreign branches operating in Estonia.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-09-02SerbiaNational Bank of Serbia

    National Bank of Serbia sets expectations for banks to offer discounted RSD loans to low-income employees and pensioners by 15 September 2025

    The National Bank of Serbia expects banks to adjust lending terms to improve credit access for lower-income citizens, including those earning up to RSD 100,000 and pensioners. Banks should offer special loan products with reduced interest rates and no application fees, available for at least 12 months. These include cash, consumer, and housing loans, with specific rate reductions and conditions detailed for each category.

    SupervisionInterventionsLending
  • 2025-09-02BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission acquits KPMG and audit partner in COPEL 2015 audit enforcement case

    The Brazil Securities Commission (CVM) has acquitted KPMG Auditores Independentes Ltda and auditor João Alberto Dias Panceri of alleged audit failures related to COPEL’s 2015 financial statements. The case involved alleged non-compliance with NBC TA standards and CVM Instruction 308. The decision was unanimous, following the vote of reporting Director João Accioly and considerations by Director Marina Copola and Interim Chair Otto Lobo.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-09-02MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia secures Court of Appeal affirmation of insider trading judgment and RM1.24 million disgorgement against former Patimas executive

    The Securities Commission Malaysia secured a Court of Appeal ruling affirming the High Court’s decision that Dato’ Ng Back Heang engaged in insider trading under the Capital Markets and Services Act 2007. Ng's appeal was dismissed, requiring him to pay RM1.24 million in disgorgement, a RM700,000 civil penalty, and barring him from directorships in public companies for five years. The case involved Ng's sale of 16.5 million Patimas shares while possessing non-public information about audit issues.

    EnforcementInvestigations & enforcement actionsMarket abuse
  • 2025-09-02MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia starts outreach roadshows to promote MYR 131.5 million NIMP Strategic Co-Investment Fund

    The Securities Commission Malaysia has launched an outreach campaign to promote the New Industrial Master Plan 2030 Strategic Co-Investment Fund (NIMP CoSIF), starting with a roadshow in Penang targeting SMEs and mid-tier companies in manufacturing innovation. NIMP CoSIF, a public-private co-investment scheme with an initial MYR 131.5 million allocation, uses equity crowdfunding and peer-to-peer financing. Additional roadshows are planned for Kuala Lumpur and Johor by the end of 2025.

    Policy & regulationImplementation, projects & pilotsSME financing
  • 2025-09-02CambodiaSecurities and Exchange Regulator of Cambodia

    Securities and Exchange Regulator of Cambodia signs agreement with Cambodia Securities Exchange and nine firms to develop a share margin trading system

    The Securities and Exchange Regulator of Cambodia signed an agreement with the Cambodia Securities Exchange and nine securities firms to develop a share margin trading system. This initiative aims to enhance market liquidity, stimulate trading activity, and modernize Cambodia's capital market.

    Policy & regulationImplementation, projects & pilotsTrading
  • 2025-09-02CanadaOntario Securities Commission

    Ontario Securities Commission brings into force disgorgement distribution framework and launches investor information portal

    A new statutory framework and Ontario Securities Commission (OSC) Rules took effect on 1 September 2025, enabling the distribution of disgorgement order amounts to directly harmed investors. Disgorgement is a monetary sanction requiring respondents to pay the OSC for non-compliance with Ontario securities or commodity futures law. The OSC also launched a website section for investors to track orders, register for updates, and access distribution process information.

    Policy & regulationRules & requirementsConsumer and investor protection
  • 2025-09-02MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro highlights SEPA accession and TIPS connection as evidence of EU single market readiness at Bled Strategic Forum

    Governor Irena Radovic of the Central Bank of Montenegro highlighted at the Bled Strategic Forum the country's payment-system reforms as key to EU single market integration, emphasizing benefits like reduced costs and enhanced transaction efficiency. She advocated for early involvement of EU candidate countries in the digital euro to bolster financial stability and strategic autonomy. Radovic also engaged with the Bank of Slovenia on payment transactions, cash management, and a national bank resolution framework.

    Policy & regulationImplementation, projects & pilotsCross-border cooperationPayments and payment systems
  • 2025-09-02GlobalWorld Federation of Exchanges

    World Federation of Exchanges publishes position paper on scaling nature-related finance through public markets

    The World Federation of Exchanges published a position paper on how exchanges and listed issuers can address nature degradation as nature-related risks become financially material, highlighting opportunities such as biodiversity bonds and nature-linked indices. The paper calls for policymakers to support aligned reporting frameworks and collaborate with exchanges on product design.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-09-02GlobalTaskforce on Nature-related Financial Disclosures

    Taskforce on Nature-related Financial Disclosures publishes guidance mapping India’s BRSR requirements to TNFD recommendations

    The Taskforce on Nature-related Financial Disclosures, in collaboration with the India Business & Biodiversity Initiative and the Confederation of Indian Industry, released guidance on aligning India's Business Responsibility & Sustainability Reporting with TNFD's framework. It reveals high consistency between TNFD's recommended disclosures and those required under BRSR for India's top 1,000 companies, highlighting overlaps in governance, strategy, and risk management metrics. It also suggests voluntary TNFD adoption and the use of correspondence tables for unified reporting.

    Policy & regulationGuidance & interpretationClimate risk and sustainable finance
  • 2025-09-02ThailandThailand Securities & Exchange Commission

    Thailand Securities & Exchange Commission tightens net capital breach framework for securities and derivatives operators and updates client asset and KYC rules

    The Thailand Securities & Exchange Commission updated regulations for securities and derivatives operators unable to maintain net capital, emphasizing client asset protection and Know Your Customer processes. The framework prioritizes suspending risky services, transferring client assets, and closing derivatives positions, with exemptions for digital asset businesses under certain conditions. Effective 1 September 2025, the rules allow asset transfers without client consent in specific scenarios and were published after public consultation.

    Policy & regulationRules & requirementsPrudential risksClient asset custody and safekeeping
  • 2025-09-02United StatesU.S. Senate Committee on Banking, Housing and Urban Affairs

    U.S. Senate Committee on Banking, Housing and Urban Affairs minority seeks details from 25 banks on overdraft and NSF fees after repeal of CFPB USD 5 cap

    Senator Elizabeth Warren and colleagues from the Senate Banking Committee have requested information from 25 banks about overdraft and non-sufficient fund fee policies, following the repeal of a CFPB rule capping overdraft fees at USD 5. The senators highlighted CFPB findings on the disproportionate impact on lower-income consumers and noted the repealed rule could have saved consumers up to USD 3.5 billion annually.

    Policy & regulationOtherConsumer and investor protection
  • 2025-09-02United KingdomHM Treasury

    UK's HM Treasury launches technical consultation on draft Money Laundering Regulations changes for pooled client accounts cryptoassets and trust registration closing 30 September 2025

    HM Treasury released a draft statutory instrument and policy note for consultation, proposing amendments to the UK's Money Laundering Regulations. Changes include aligning customer due diligence triggers for letting agents and art market participants with high-value dealers, allowing credit institutions to verify identities post-account opening under specific conditions, addressing pooled client accounts, converting monetary thresholds to GBP, and refining cryptoasset business requirements per the Financial Services and Markets Act.

    Policy & regulationRules & requirementsAML and CFT
  • 2025-09-02EuropeEuropean Payments Council

    European Payments Council launches EPC Directory Service in live mode for the Verification Of Payee scheme

    The European Payments Council has launched the EPC Directory Service in live mode to support the Verification Of Payee scheme, automatically recognizing participants registered during the test phase. Data entered before 22 August 2025 has been migrated to live, while later entries must be re-entered. Participants should update their Scheme Operational Readiness Date to 5 October 2025 or later, with further guidance on data updates and publishing expected by mid-September.

    Policy & regulationImplementation, projects & pilotsPayments and payment systems
  • 2025-09-02United StatesU.S. Financial Services Committee

    U.S. Financial Services Committee publishes Rep. Troy Downing bill proposal to require SEC reporting on rural access-to-capital barriers

    The U.S. Financial Services Committee released an opinion piece by Rep. Troy Downing on rural small businesses' access to capital, introducing the Expanding Access to Capital for Rural Job Creators Act. The bill mandates the SEC’s Office of the Advocate for Small Business Capital Formation to address rural entrepreneurs' challenges in its annual report to Congress. The article highlights Montana's startup opportunities and concerns about capital access among rural businesses, linking these to the decline in U.S. public companies due to regulatory costs.

    Policy & regulationReform agendas & prioritiesSME financing