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2025-09-01•United Kingdom•HM Treasury
HM Treasury proposes abolishing the Payment Systems Regulator (PSR) and transferring its functions to the Financial Conduct Authority (FCA) to oversee competition and innovation in payment systems. The consolidation integrates the PSR's objectives into the FCA's framework, maintaining the current regulatory perimeter without new regulated activities. The Bank of England and Prudential Regulation Authority's roles remain unchanged, and a single access regime for payment systems is proposed to simplify regulations.
Policy & regulationRules & requirementsMandate change
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2025-09-01•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority is developing a new digital platform for its Apply for authorisation e-service, inviting supervised institutions to test and provide feedback. The platform supports fit and proper assessments for management and owners. A pilot launch is expected by early next year.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-09-01•Hungary•National Bank of Hungary
The National Bank of Hungary has introduced macroprudential changes for real estate and mortgage lending, including a 1% systemic risk capital buffer for banks' real estate exposures effective 1 January 2026. Adjustments include removing the age limit for first-time homebuyers to access a 90% loan-to-value ratio and raising the income threshold for a higher debt-service-to-income cap. The mortgage funding adequacy ratio regime will be strengthened from October 2026, with increased requirements for mortgage bond listings and stable funding.
Policy & regulationRules & requirementsMacroprudential policy and tools
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2025-09-01•Hungary•National Bank of Hungary
The National Bank of Hungary has introduced a Certified Corporate Loan (CCL) certification framework to enhance competition and standardize corporate investment loans for small and medium-sized enterprises. The framework, developed with the Hungarian Banking Association, is open to banks and applies to HUF-denominated loans meeting central bank criteria. Certified loans are now available at OTP Bank, with more banks expected to offer them soon.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-09-01•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority approved incorporations, licenses, and activity additions for investment funds, real estate investment funds, securities promotion and underwriting, and SME finance. Key approvals include Bokra Private Equity and Venture Capital Investment Fund Companies, SAFE Real Estate Fund Company, and Sahl for SME project financing. Akt Financial Holding and Sadara Holding received licenses for investment fund activity and securities promotion.
SupervisionAuthorisations & approvalsLicence approval
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2025-09-01•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) has appointed May Camilla Bruun-Kallum as head of its business management department, effective 1 September 2025. Bruun-Kallum, with a background in economics and financial analysis, has been with Finanstilsynet since 2012 and led supervision of mid-sized and small banks since 2022. She succeeds Nina Moss, who will transition to a new role within the director’s staff.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-01•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority imposed a NOK 4,000,000 fee on Deloitte AS after finding serious deficiencies in its audit engagements and quality management system. The inspection revealed breaches in audit performance, reporting, and anti-money laundering compliance, including insufficient audit evidence and lack of professional scepticism. Deloitte has outlined remedial measures, and the authority will monitor these in future activities.
SupervisionReviews, inspections & stress testsAuditing
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2025-09-01•Egypt•Central Bank of Egypt
The Central Bank of Egypt has issued new Regulations on Governance and Internal Control, and Fit and Proper Criteria for key officials under the Central Bank and Banking Sector Law No. 194 of 2020. These regulations establish governance expectations, require independent internal control functions, and set suitability standards for senior appointments, with Central Bank approval needed prior to appointments. The update complements the June 2025 Rules for Licensing and Registration of Payment System Operators and Payment Service Providers, mandating existing institutions to regularize their status by June 2026.
Policy & regulationRules & requirements
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2025-09-01•Bosnia and Herzegovina•Republic of Srpska Securities Commission
The Republic of Srpska Securities Commission signed a Memorandum of Understanding with the Croatian Financial Services Supervisory Agency, expanding cooperation to include the non-banking financial sector. The agreement facilitates data exchange, knowledge sharing, and mutual support, aiming to enhance supervisory cooperation and align with the European regulatory framework. This builds on a 2004 agreement initially focused on capital markets.
SupervisionCooperationCross-border cooperation
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2025-09-01•Global•Financial Stability Board
Financial Stability Board Secretary General John Schindler, in a Monetary Matters podcast interview, addressed the complexities of leverage in nonbank financial intermediation. He highlighted regulators' responses, emphasizing the FSB recommendations from July 2025.
Policy & regulationInternational standards & recommendationsPrudential risksFinancial stability and systemic risk
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2025-09-01•Malta•Malta Financial Services Authority
The Malta Financial Services Authority (MFSA) launched the Journal of Financial Supervisors Academy (JFSA) as an international academic journal to foster research and innovation in financial regulation and supervision. Volume I features contributions on digital finance, capital markets, and regulatory independence, and was presented to Malta’s President Myriam Spiteri Debono. A forthcoming Volume II will explore changes in financial supervision practices.
ResearchOther
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2025-09-01•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued Interpretative Criterion No. 97, detailing corporate charter requirements for registration in the Virtual Asset Service Providers (PSAV) Register. Companies must explicitly state their PSAV activities in their charter, with foreign entities needing alignment with home jurisdiction laws. Charters must be published on the AIF and registered with the Public Registry of Commerce.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-09-01•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority has issued a Code of Governance for Listed Companies, detailing governance and disclosure expectations under Board of Directors Resolution No. (5) of 2025. The Code outlines board duties, composition, conflicts of interest, and governance disclosure, drawing on international best practices. Companies must adopt a board-approved disclosure policy, including financial and sustainability reporting.
Policy & regulationRules & requirementsCorporate governance
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2025-09-01•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority issued a Code of Governance for Listed Companies, establishing a corporate governance framework with board oversight, control systems, remuneration practices, and shareholder engagement. It incorporates international standards and mandates disclosure and transparency policies, including annual sustainability reporting. Compliance is required within one year under Board of Directors Resolution No. (5) of 2025.
Policy & regulationRules & requirementsCorporate governance
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2025-09-01•United Arab Emirates•General Pension and Social Security Authority
The General Pension and Social Security Authority (GPSSA) issued guidance to correct misconceptions affecting post-retirement financial stability under UAE pension law. Key clarifications include the transferability of pensions to eligible dependents, the non-combinability of GPSSA pensions, and the distinction between pensions and shariʿa inheritance. The guidance also outlines conditions for pension and gratuity entitlements based on service length and salary base calculations.
Policy & regulationGuidance & interpretationOther
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2025-09-01•Bhutan•Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan and the Ministry of Finance have issued a notification promoting digital payments for daily transactions to support Bhutan's shift to a cash-lite digital economy. The initiative highlights mobile banking, mobile wallets, and iUPI Global QR codes as preferred channels, citing benefits like reduced cash handling risks and enhanced fraud prevention. A phased implementation will occur from September to December 2025, with potential surcharges on cash transactions considered post-December 2025.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-09-01•Mongolia•Central Bank of Mongolia
The Central Bank of Mongolia will transition from a classification-based system to a credit scoring model for credit reports. Effective 1 September 2025, non-performing loan data is excluded, and from 10 September 2025, creditworthiness will be assessed using the new scoring system. Amendments to the Law on Credit Information remove "poor credit history" and blacklists, with scores adjusting dynamically based on repayment behavior.
Policy & regulationRules & requirementsCredit risk
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2025-09-01•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish insurance and pension companies have purchased DKK 109 billion in listed equities in 2025, marking the largest annual equity buying since 2015. This activity, financed partly by bond sales and pension contributions, focused on US stocks, with significant purchases of Amazon, Synopsys, and Chevron. European equity buying also hit a 10-year high, including investments in Novo Nordisk and Siemens.
Data & statisticsSecurities offerings and listings
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2025-09-01•Moldova•National Bank of Moldova
The National Bank of Moldova's first deputy governor, Petru Rotaru, emphasized collaboration with the Academy of Economic Studies of Moldova (ASEM) during the new academic year's opening ceremony. Nearly half of the bank's employees are ASEM graduates, and ongoing joint projects include the "Modern Finance School" programme. The partnership, established seven years ago, focuses on enhancing professional training and economic literacy through shared knowledge and practices.
Policy & regulationCooperationOther
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2025-09-01•United Kingdom•Open Banking Limited
Open Banking Limited reported continued growth in UK open banking, with over 15.16 million users and a record 2.04 billion service uses in July 2025, marking a 3.5% increase from June. Payments were the primary activity driver, with 29.89 million transactions in July, and Variable Recurring Payments accounted for over 4% of transactions. The data is linked to the UK's Data Use and Access Act, expected to influence future developments in open banking, open finance, and smart data.
Data & statisticsActivity and performance reporting
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2025-09-01•India•Insurance Regulatory and Development Authority of India
Shri Ajay Seth has assumed the role of Chairman of the Insurance Regulatory and Development Authority of India, effective 1 September 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-09-01•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) published an article on how households' inflation expectations influence economic behavior and actual inflation. It explains that expectations of higher prices can affect consumption, saving, and wage negotiations, potentially creating a feedback loop complicating inflation control. The article emphasizes the importance of stable inflation expectations and highlights DNB's focus on clear communication and financial education.
Financial literacy & education
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2025-09-01•Barbados•Central Bank of Barbados
The Central Bank of Barbados appointed ten members to the National Payments Council to advise on regulating and developing the country's payments landscape, including the upcoming BiMPay instant payment system. Deputy Governor Alwyn Jordan will chair the Council, with Financial Services Commission CEO Warrick Ward as deputy chair. The Council will focus on national payment system regulation, operational and technical standards, and new technology development.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-31•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority's Disciplinary Board fined Kingdom Opportunities General Trading and Contracting Company KD 10,000 for breaching Market Conduct Rules and ordered repayment of KD 76,672.439. The firm manipulated the order book by placing large buy orders below market price and executing smaller purchases at higher prices to create false demand, then selling shares at inflated prices. The decision includes notifying the CMA Board of Commissioners and relevant parties.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-31•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority announced the eMPF Platform's final onboarding phase, with the four largest MPF trustees set to migrate sequentially. Since mid-2024, eight trustees have joined, processing over one million instructions, reducing administration fees for 236 funds across 18 schemes. The MPFA anticipates further fee reductions to 20-25 basis points and highlighted challenges with onboarding Industry Schemes for construction and catering, with targeted support measures planned.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-31•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved draft rulemaking acts and made supervisory and registration decisions affecting regulated firms, market infrastructure, and investment products. Governance approvals included key appointments at IC BUSINESS-INVEST LLC, while supervision actions involved asset blocking sanctions for FREEDOM FINANCE UKRAINE LLC. Registration actions included amendments to Stock Exchange Perspektiva PrJSC's charter and approvals related to TAS-LOGISTIC LLC and ZNVCIF VEGAS JSC.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-31•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
MENAFATF participated in the Asia-Pacific Group on Money Laundering 2025 Annual Meeting in Tokyo, highlighting regional AML/CFT priorities and setting its 2025–2026 agenda. It emphasized the importance of high-level political leadership in AML/CFT systems and reaffirmed collaboration with APG, focusing on mutual evaluations and technical support.
Policy & regulationCooperation
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2025-08-31•Jordan•Jordan Securities Commission
Jordan’s Council of Ministers appointed Emad Mohammed Abu Haltam as Chairman of the Jordan Securities Commission, with Alaeddin Nasser Al-Zoubi, Elias Ayoub Zureikat, and Mohamed Abdel Sattar Jaradat as members.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-31•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority announced a cooperation protocol between Misr Insurance and STM Investment to offer integrated insurance for STM’s projects, with disputes resolved through the Egyptian Center for Voluntary Arbitration. The initiative aims to enhance risk management and insurance inclusion while fostering strategic partnerships. Misr Insurance, part of the Egyptian Sovereign Fund, will provide comprehensive coverage to bolster project stability.
Policy & regulationCooperationOther
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2025-08-31•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, via Standing Deputy Governor Dao Minh Tu, outlined its monetary policy and banking sector strategy through 2045. Priorities include inflation control, macroeconomic stability, payment-system modernization, and enhanced financial access. The bank aims to strengthen the legal framework, coordinate monetary policy with fiscal measures, and upgrade technology and payment infrastructure.
Monetary policyMonetary policy framework & strategyOther
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2025-08-30•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority announced that Commissioner Dr. Baghayo A. Saqware attended meetings in Addis Ababa focused on anti-money laundering and counter-terrorism financing (AML/CFT). Discussions highlighted regional efforts to enhance financial integrity and compliance with international standards, with a review of the Financial Action Task Force report and progress under the International Cooperation Review Group process.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-08-30•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Ministry of Forestry signed a memorandum of understanding to enhance cooperation between financial services and the forestry sector, focusing on the economic value of carbon in Social Forestry areas. The agreement includes policy development, sustainable finance products, data sharing, joint research, and capacity-building initiatives. This MoU replaces a previous arrangement with the former Ministry of Environment and Forestry, following the separation of environmental and forestry functions.
Policy & regulationCooperationDomestic cooperation
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2025-08-30•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines welcomed Moody’s positive assessment of the country's access to external financing, highlighting strong funding access and ample foreign-currency reserves. The BSP reported gross international reserves of USD 105.4 billion as of July 2025, supporting economic resilience against global capital flow volatility. Moody’s affirmed the Philippines’ Baa2 rating with a stable outlook, noting higher economic growth compared to regional peers and stable overseas remittances.
Data & statisticsCredit ratings
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2025-08-30•Egypt•Egypt Financial Regulatory Authority
The Egyptian Financial Regulatory Authority directed the Insurance Pool to expedite compensation payments for victims of the Matrouh train accident and increased the death benefit to EGP 75,000 from EGP 30,000. Compensation for injured persons will be based on the assessed percentage of disability.
SupervisionInterventionsOther
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2025-08-29•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg's 2025 Financial Stability Review evaluates systemic risks and the resilience of Luxembourg’s financial system, aiding macroprudential efforts with the National Systemic Risk Committee and the European Systemic Risk Board. It examines macroeconomic conditions, growth and inflation projections, real estate risks, financial market dynamics, sector analyses, stress testing results, IT investment productivity, climate-change risks, and a robustness-testing framework for credit institutions and investment funds.
ResearchFinancial stability and systemic riskMacroprudential policy and tools
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2025-08-29•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay recapped its 40th Annual Economics Days, highlighting discussions on monetary policy, financial stability, climate change, and AI and quantum computing. Keynotes included Saki Bigio on exchange rate determination in dollarised economies, Verónica Amarante on gender equity in academia, and Manju Puri on digital payments in India. A panel of regional central bank leaders discussed inflation-targeting regimes and economic policy challenges amid global uncertainty.
OtherMonetary policy decisions and developments
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2025-08-29•Uruguay•Central Bank of Uruguay
Central Bank of Uruguay President Guillermo Tolosa reviewed Uruguay's inflation targeting since 2020, noting improved credibility and price stability. Inflation has stayed within the target range for over two years, with a narrowing gap between private-sector expectations and the target. Tolosa emphasized government coordination, transparent communication, and plans to strengthen the national currency and develop peso capital markets.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2025-08-29•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama's July 2025 report shows continued expansion of the International Banking Center, driven by net lending. Deposits remain the primary funding source, with liquidity and capital indicators above regulatory minimums, despite higher funding costs and increased reliance on external funding. The report emphasizes a supervisory focus on operational efficiency, asset-liability management, and risk mitigation related to external funding concentration and finance costs.
SupervisionRisk monitoring & watch pointsCredit riskLiquidity riskCapital adequacy
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2025-08-29•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro amended its payment system rules to include weekend and public holiday operations starting 20 October. Domestic transfers on these days will be possible until 2:30 p.m. for amounts up to EUR 1,000 and until 3:00 p.m. for larger amounts. Weekday operating hours were previously extended on 18 August to 8:00 p.m. for transactions above EUR 1,000 and to 7:30 p.m. for smaller transactions, with six daily clearing cycles.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-29•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority's president, Zeljko Drincic, discussed key focus areas for the upcoming Montenegro Financial Markets 2025 conference, including digitalisation, payment system innovation, crypto market development, IPOs, corporate bonds, and regional cooperation in Southeast Europe. Bloomberg Adria will serve as the media partner for the event for the third year.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-29•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission announced that the Steering Committee of the National Working Group for benchmark reform adopted a recommendation on standard overnight index swap transactions based on the POLSTR index. The final text incorporates feedback from a prior public consultation.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2025-08-29•South Africa•National Credit Regulator
South Africa's National Credit Regulator issued a circular detailing revised procedures for updating status codes B, G, G1, I, and J2 on the Debt Help System (DHS). The circular also includes updates by debt counsellors for statuses F1 and F2.
Policy & regulationGuidance & interpretationOther
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2025-08-29•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) appointed Juan Rodríguez de la Rúa Puig as director general of its Legal Service and secretary of the Council, effective 1 September, succeeding Patricia Muñoz González-Úbeda. Rodríguez de la Rúa has been with the CNMV since 2022, previously serving as deputy director general of the Legal Service and deputy secretary of the Council. Before joining the CNMV, he was a State Attorney advising on EU law and representing Spain in European courts.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) released its 2025 superannuation performance test results, showing all MySuper and non-platform trustee-directed products passed, while seven out of 137 platform trustee-directed products failed. Covering 62% of the sector, the test revealed reduced underperformance since 2021. APRA noted some products passed due to rebates and highlighted ongoing underperformance in over 40% of trustee-directed products with a 10-year history. APRA plans to engage with trustees where rebates influenced outcomes to ensure sustained improvement.
SupervisionReviews, inspections & stress tests
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) released its 2025 annual superannuation performance test results, revealing all MySuper and non-platform trustee-directed products passed, while seven platform trustee-directed products failed. APRA noted a significant reduction in members in failing products since 2021 and plans to engage with trustees on performance expectations, highlighting ongoing underperformance in platform trustee-directed products.
SupervisionReviews, inspections & stress tests
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its quarterly industry aggregate insurance statistical publications for June 2025, detailing performance metrics for general, life, and private health insurance. The full reports are accessible on APRA’s website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its June 2025 quarter industry aggregate insurance statistics, including data on general, life, and private health insurance performance.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for July 2025, available on the APRA website. Users can access discontinued publications via historical snapshots on the Australian Government web archive.
Data & statisticsSupervisory data
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2025-08-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for July 2025, accessible on the APRA website.
Data & statisticsSupervisory data
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2025-08-29•Botswana•Bank of Botswana
The Bank of Botswana warned of rising internet-enabled financial fraud, urging the public to safeguard online banking credentials. Botswana Police reported 175 fraud cases in 2024 with losses of BWP 8.16 million, and 32 cases in the first half of 2025 with losses of BWP 2.26 million. The notice highlights scams targeting various demographics, emphasizing that legitimate prize winners should not pay to claim prizes and encourages reporting suspected fraud to the police.
SupervisionAlertsOther
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2025-08-29•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission has set rules for the National Insurance Claims Database (NICD) for motor insurance, mandating reporting, claims handling, data protection, and dispute resolution for licensed insurers. Insurers must update motor claims on the NICD within two business days and adhere to a monthly settlement process via the Bank of Mauritius. The framework includes an annual NICD access fee and requires insurers to maintain a dedicated settlement account with a minimum balance of MUR 1 million.
Policy & regulationRules & requirementsOther
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2025-08-29•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published a column by chair Laura van Geest, arguing that traditional resilience models are outdated and may misallocate priorities. She advocates for broader resilience concepts, including testing extreme scenarios and enhancing cybersecurity, while highlighting Europe's reliance on US tech firms and the importance of robust infrastructure. The column also calls for better consumer preparedness against misinformation and payment disruptions.
Policy & regulationReform agendas & prioritiesOperational risk and resilience
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2025-08-29•Peru•Central Bank of Peru
The Central Bank of Peru reported that the goods trade balance surplus rose to 8.6% of GDP in Q2 2025, up from 4.2% in Q1 2023, amid favorable trade conditions. The Q2 2025 surplus reached USD 5,663 million, driven by higher export prices and volumes, particularly in mining, fishery, and agriculture, alongside lower import prices for oil and industrial inputs. Exports totaled USD 19,328 million, a 9.6% year-on-year increase.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) highlighted younger investors in its Integrated Capital Market Socialisation and Education programme in Purwokerto, noting 54% of the 17.6 million investors are under 30. The event, with self-regulatory organisations and local stakeholders, emphasized prudent investing and warned against social media scams. OJK also promoted the capital market as an alternative funding source for companies and SMEs, with Banyumas noted for having the second-largest investor base in Central Java.
Financial literacy & educationFinancial literacy and education
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2025-08-29•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has launched new modules of its Integrated Licensing and Registration System (SPRINT) for capital markets, derivatives finance, and the carbon exchange sector. Licensing authority for certain individual approvals has been shifted from OJK headquarters to regional offices. OJK plans to further enhance SPRINT as a comprehensive licensing platform.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-08-29•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has approved amendments to the Companies (Further Issue of Shares) Regulations, 2020, reducing timelines for bonus and rights issues to 11 and 53 days, respectively. Changes include expedited processes for book closure, offer document clearance, and share allotment. Effective October 1, 2025, these amendments follow consultations with stakeholders and may lead to further measures to streamline dividend payments and account management.
Policy & regulationRules & requirementsCorporate governance
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2025-08-29•United States•National Credit Union Administration
The National Credit Union Administration (NCUA) issued consent-based prohibition orders against Jennifer Tatman and Michele Spanbauer, permanently barring them from participating in any federally insured depository institution. These orders resolve claims by the NCUA Board and are issued under Section 206 of the Federal Credit Union Act.
EnforcementSanctions & designationsOther
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2025-08-29•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) seeks Federal Court approval to expand its case against former financial adviser Ferras Merhi for alleged unconscionable conduct and conflicted advice on superannuation investments. ASIC claims Merhi's businesses received substantial fees while misleading clients. If approved, ASIC aims to bar Merhi from financial services, appoint a receiver over his assets, and impose provisional liquidators on his companies, with interim orders until December 2025.
EnforcementInvestigations & enforcement actionsConsumer and investor protectionCorporate governance
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2025-08-29•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has cancelled the Australian credit licence of Easy Plan Financial Services Pty Ltd after the Compensation Scheme of Last Resort (CSLR) paid AUD 84,600 for an unpaid Australian Financial Complaints Authority (AFCA) determination. ASIC must cancel a firm's licence when the CSLR compensates an eligible consumer for an unpaid AFCA determination and notifies ASIC. Since the CSLR's inception, ASIC has cancelled seven Australian financial services licences and five credit licences.
EnforcementSanctions & designationsLicence withdrawal
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2025-08-29•China•Central Bank of the Republic of China
The Central Bank of the Republic of China released July market statistics, detailing bond issuance, custody, trading, and foreign investor participation. Total bond issuance reached CNY 7.75 trillion, with significant activity in government, local government, financial, and corporate credit bonds. Interbank spot bond trading totaled CNY 37.3 trillion, while foreign institutions held CNY 4.0 trillion in bonds, primarily government bonds.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners (NAIC) has opened applications for its 2026 Consumer Participation Program, selecting consumer representatives to ensure consumer perspectives in insurance regulation. The program includes both funded and unfunded positions, with funded representatives receiving travel reimbursement and requiring demonstrated expertise and commitment. All applicants must use a new automated application system.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2025-08-29•Europe•European Banking Authority
The European Banking Authority (EBA) issued an Opinion addressing the European Parliament's 2023 Discharge Report, which includes 13 observations concerning the EBA. The EBA concluded that none of these observations necessitate further specific follow-up actions.
Policy & regulationGuidance & interpretationOther
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2025-08-29•Norway•Department of Finance (Norway)
Norway's Ministry of Finance has amended Chapter 20 of the Financial Undertakings Regulation to incorporate provisions from Directive 2014/59/EU (Bank Recovery and Resolution Directive) into the regulation. These technical changes enhance the framework for preparedness and crisis management in financial institutions. The amendments are effective immediately.
Policy & regulationRules & requirementsRecovery and resolution
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2025-08-29•Norway•Department of Finance (Norway)
The Norwegian Ministry of Finance proposed amending the Financial Institutions Act to expand the Guarantee Scheme for Non-Life Insurance, covering claims from cross-border insurance sales into Norway if an insurer goes bankrupt. The Financial Supervisory Authority of Norway (Finanstilsynet) will assess regulatory changes to allow lawsuits over such claims in Norwegian courts. This follows Denmark’s Alpha Insurance insolvency and aims for equal treatment for claimants in Norway.
Policy & regulationRules & requirementsOther
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2025-08-29•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority released a consultation paper on a proposed Payment Services Act, introducing a new licensing and supervisory regime for payment services, replacing the Money Service Business Act 2016. The framework includes requirements for Anti-Money Laundering, Anti-Terrorist Financing, conduct of business, prudential standards, and cyber risk management, with a five-class licensing model for Payment Service Providers. The consultation also explores establishing an AI Payments Hub to address regulatory treatment of DeFi intermediaries and AI-driven payment arrangements.
Policy & regulationRules & requirementsLicensing framework and process
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2025-08-29•Portugal•Bank of Portugal
The Bank of Portugal released updated BPstat statistics on state-guaranteed mortgages for primary residences under the State personal guarantee scheme for borrowers up to age 35. In July, 2,400 contracts totaling EUR 475 million were signed, with state-guaranteed loans comprising 45.6% of the number and 46.8% of the value of mortgages for under-35s. The scheme covers up to 15% of transaction value for properties up to EUR 450,000 and applies to contracts signed until 31 December 2026.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance presented draft laws to Parliament to ratify the Greece–United Arab Emirates double taxation avoidance agreement and a memorandum of understanding with the International Organization for Migration (IOM) for a Supply Chain Management Centre in Thessaloniki. The tax treaty aims to enhance tax policy, legal certainty, and competitiveness, while the IOM centre is expected to benefit Thessaloniki and the Greek economy. The MoU was signed on 15 July 2025 by Minister Kyriakos Pierrakakis and IOM Deputy Director General SungAh Lee.
Policy & regulationRules & requirementsOther
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2025-08-29•Laos•Bank of the Lao
The Bank of the Lao and the Ministry of Finance held a bilateral meeting to coordinate fiscal, monetary, and exchange-rate policies for national financial stability. Co-chaired by Finance Minister Santiphap Phomvihane and Bank Governor Bounkham Vorachit, the session included over 40 officials and concluded with agreed principles and coordination mechanisms for future collaboration.
Policy & regulationCooperationOther
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2025-08-29•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia announced External Circular 11 of 2025, detailing the regime for known issuers, recurrent issuers, and securities issuance programmes to enhance market access. The seventh working session highlighted a rise in investor numbers and trading volumes, alongside updates on public tender offers, SME financing, and market infrastructure. A new working group on Fixed Income and Derivatives will be established, with additional participants joining the programme.
Policy & regulationGuidance & interpretationMarket development
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2025-08-29•Ghana•Securities and Exchange Commission Ghana
The Securities and Exchange Commission Ghana released its second quarter newsletter, detailing significant regulatory changes, recent enforcement actions, and market statistics. The publication also reviews key industry developments and includes educational articles for market participants.
OtherSupervisory dataMarket development
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2025-08-29•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has applied to the Court of First Instance to freeze assets up to HKD 62,566,773 in a "ramp and dump" case involving Eggriculture Foods Limited shares. This action is part of the SFC's section 213 Securities and Futures Ordinance proceedings against six individuals, including suspected ringleaders. A District Court criminal trial for related charges is set to begin on 13 July 2026.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-29•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) warned about unauthorized entities promoting schemes that may not deliver promised returns. These entities often pose as investment specialists, offering high interest rates and claiming risk-free investments through notarised contracts. Unauthorized entities include InverPerú Global S.A.C., Capital Infinity Perú S.A.C., and others.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-29•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority and Wiener Börse released a new "Let's talk about money" edition, highlighting practical order details' impact on trading outcomes for first-time share buyers. The guidance, based on FMA's analysis of investment behavior across age groups, targets younger online investors without advice, outlining seven steps including security selection, trading venue choice, and order type considerations.
Financial literacy & educationTrading
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2025-08-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) released data on Hong Kong's foreign currency reserves and liquidity for July 2025, following the International Monetary Fund's Special Data Dissemination Standard (SDDS). The HKMA confirmed its monthly publication schedule for Exchange Fund data, including three SDDS monetary data releases and a transparency-focused release on the Exchange Fund’s balance sheet and Currency Board Account.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported a decrease in the Exchange Fund's total assets to HKD 4,102.6 billion as of 31 July 2025, down HKD 194.5 billion from June. The decline was attributed to sales of USD under Currency Board arrangements and fewer unsettled securities purchases. The Monetary Base fell to HKD 2,042.6 billion, with the Backing Ratio rising to 112.19%.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority's July 2025 residential mortgage survey indicates increased mortgage activity, with applications up 4.9% to 9,005 and approvals rising 11.2% to HKD 30.6 billion. Primary and secondary market financing drove approved lending, while refinancing remained stable. HIBOR-linked mortgage pricing increased to 95.7%, and outstanding mortgage loans slightly rose to HKD 1,887.3 billion, with a delinquency ratio of 0.13%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has issued a restricted banking licence to ABN AMRO Clearing Bank N.V., effective 29 August 2025. This brings the total number of restricted licence banks in Hong Kong to 16.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-29•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors has opened registration for its Annual Conference 2025 in Tirana, Albania, on 13–14 November. The conference will address global collaboration on socioeconomic challenges, structural shifts in the life insurance sector, and the role of insurance in societal resilience. The event will feature thematic deep dives, panel discussions, and insights into the IAIS 2026 work programme.
OtherClimate risk and sustainable finance
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2025-08-29•Türkiye•Banking Regulation and Supervision Agency
Turkey's Banking Regulation and Supervision Agency released its Banking Sector Monthly Bulletin for July 2025, detailing key financial data submitted by institutions under the Banking Law and related regulations. This publication supports supervisory transparency and public information objectives.
Data & statisticsSupervisory data
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2025-08-29•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City's August Services Survey indicates a slight increase in services activity in the Tenth District, with positive expectations for the next six months. Selling price growth cooled modestly, while input prices rose. The survey includes new seasonal adjustment factors, affecting historical index values.
Data & statisticsEconomic data and developments
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2025-08-29•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) warned about individuals impersonating iFX Brokers Holdings (Pty) Ltd and its CEO, Hannele de Necker, via Telegram and a lookalike website to solicit investments. The impersonators promise unrealistic returns and are not authorised under any financial sector law. The FSCA advises the public to avoid unsolicited offers and verify the legitimacy of financial service providers.
SupervisionAlertsFraud and scams
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2025-08-29•Europe•European Central Bank
The European Central Bank's consolidated weekly financial statement for the Eurosystem shows a balance sheet total of EUR 6.09tn, an increase of EUR 5.2bn from the previous week. Key changes include a EUR 2.9bn rise in lending to euro area credit institutions and a EUR 3.1bn increase in monetary policy-related liabilities. Securities of euro area residents denominated in euro decreased by EUR 0.7bn.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority released its 2024 brochure on "Fire and natural hazards insurance in Liechtenstein," highlighting comprehensive coverage for buildings and household contents against fire and natural hazards in Liechtenstein and Switzerland. It defines "destructive fire" as those caused by matches, lighters, smoking materials, candles, welding, soldering, or fireworks.
Financial literacy & educationOther
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2025-08-29•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) participated in the "Open Finance 5 years: Connecting the Future" event, discussing Open Insurance progress and challenges. SUSEP Director Júlia Normande Lins emphasized the importance of consumer engagement and trust in data usage, citing Joint Resolution No. 5/2022 as key for interoperability. Coordinated efforts by SUSEP, the Central Bank, and the Brazilian Securities and Exchange Commission are expected to enhance benefits.
Policy & regulationCooperationOpen banking and finance
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2025-08-29•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) released the fifth edition of its PROGRIDE Bulletin in a modernized format to enhance accessibility. The semiannual publication consolidates updates on SUSEP’s 2025–2026 Integrity Plan and integrity functions, aiming to boost transparency and public visibility of its initiatives.
Policy & regulationImplementation, projects & pilotsComplianceCorporate governance
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2025-08-29•Dominican Republic•Superintendencia del Mercado de Valores de la Republica Dominicana
The Superintendency of the Securities Market of the Dominican Republic concluded its Dominican Capital Markets Competition, awarding three research papers from university students and young professionals. Supported by the Association of Brokerage Firms, the competition focused on public-private partnerships and financial education. Winning papers addressed blockchain in the securities market, cognitive biases in investor decisions, and a VAR analysis of market linkages.
Financial literacy & educationMarket development
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2025-08-29•Spain•Bank of Spain
In a speech, the Bank of Spain’s Deputy Governor Soledad Núñez highlighted Spain's recent economic outperformance compared to the euro area, noting moderating GDP growth and inflation amid global uncertainty. Spain's resilience is attributed to increased leisure spending, stronger tradable services, and lower energy prices. The Bank's June projections forecast GDP growth of 2.4% in 2025 and 1.8% in 2026, with inflation at 2.4% and 1.7% respectively, while alternative scenarios suggest potential impacts from tariff escalations.
Monetary policyMonetary policy assessments & outlooksGeopolitical risk
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2025-08-29•Spain•Bank of Spain
The Bank of Spain seeks a Deputy Director General of Economics after Galo Nuño's appointment as Director General of Institutional and European Relations and Transparency. The role involves strategic support, committee representation, and coordination across directorates. Candidates need 15 years of experience in economic research or management, preferably in central banking or international institutions, and strong Spanish and English proficiency.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2025-08-29•Spain•Bank of Spain
The Bank of Spain's monthly balance of payments report for the 12 months to June 2025 shows Spain as a net lender at 3.9% of GDP (EUR 63.3bn), slightly down from the previous year. The current account surplus decreased to 2.7% of GDP, while the capital account surplus rose to 1.2%, influenced by Next Generation EU-related flows. The financial account surplus excluding the Bank of Spain fell to 1.8% of GDP, with all sectors except the general government contributing positively.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines announced the extension of the moratorium on new Virtual Asset Service Provider (VASP) licenses, as approved by the Monetary Board under Resolution No. 848. The decision, effective from 1 September 2025, cites concerns over consumer protection and rising cybercrime, despite advancements in digital financial services. The moratorium will be reassessed in light of global and local developments.
Policy & regulationRules & requirementsLicence approval
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2025-08-29•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) outlined GIFT IFSC's role as a global trade finance hub, detailing its regulatory framework and trade finance channels. Key metrics include USD 13.79 billion in trade finance disbursed by IFSC Banking Units and USD 29.79 million in transactions by International Trade Financing Services platforms for FY 2024-25. IFSCA mandates a 5% sustainability target for lending institutions and highlights capital-raising through foreign currency and masala bonds.
Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket development
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2025-08-29•South Africa•South African Reserve Bank
The South African Reserve Bank's updated International Reserves Template shows official reserve assets at USD 69,161 million as of end-July 2025. Central government foreign currency outflows within one year total USD 4,026 million in principal and USD 1,732 million in interest. Net forward and futures positions include USD 537 million in long positions and USD 2 million in short positions. Contingent liabilities within one year are USD 1,559 million, with reserves in SDR-basket currencies at USD 65,795 million and USD 3,366 million in non-SDR basket currencies.
Data & statisticsBalance of payments and other external statistics
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2025-08-29•South Africa•South African Reserve Bank
The South African Reserve Bank (SARB) issued a fourth variation notice altering conditions for South African Postbank SOC Limited as a designated clearing system participant. The notice grants Postbank 15 months to comply with new requirements, including PCI DSS compliance, enhanced governance for card management, and introducing a new "Postbank black card 2." Additional measures include appointing an independent auditor, maintaining operational controls, and submitting monthly progress reports, with non-compliance risking revocation of Postbank's designation.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-29•United States•New York State Department of Financial Services
The New York State Department of Financial Services approved reduced 2026 premium rate increases for health insurers in the individual and small group markets, estimating savings of USD 959 million for consumers and small businesses. Requested rates were cut by 47.4% in the individual market and 45.8% in the small group market. The reductions address rising medical costs and limit insurers' profit provisions to 1.0%.
Policy & regulationRules & requirementsOther
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2025-08-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) advised consumers to avoid unlicensed virtual asset service providers (VASPs) and verify registration on the BSP's website. The advisory highlights virtual asset risks and aligns with the BSP Monetary Board's decision to extend the moratorium on new VASP licenses. Consumers are encouraged to report suspicious activities to the BSP's supervision and consumer protection offices.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-29•Philippines•Central Bank of the Philippines
The Monetary Board of the Bangko Sentral ng Pilipinas has indefinitely extended the moratorium on new licences for virtual asset service providers (VASPs) due to heightened risks associated with virtual assets. The Central Bank will periodically review this decision as it enhances its monitoring and enforcement capabilities, aligning with efforts to strengthen the Philippines' anti-money laundering and counter-terrorism financing framework.
Policy & regulationRules & requirementsLicence approval
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2025-08-29•Estonia•Finantsinspektsioon
The Estonian Financial Supervision Authority hosted Bruna Szego, head of the European Anti-Money Laundering and Countering the Financing of Terrorism Authority, for discussions with key Estonian entities. The meetings aimed to exchange views and enhance cooperation in combating financial crime.
SupervisionCooperationAML and CFTCross-border cooperation
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2025-08-29•South Korea•South Korea Financial Supervisory Service
South Korea's Financial Supervisory Service reported first-half 2025 data showing savings banks returned to profitability with improved loan metrics, while mutual financial cooperatives experienced asset and lending growth but a 60.8% drop in net income and weaker credit metrics. Savings banks' assets fell to KRW118.8 trillion, and mutual financial cooperatives' assets rose to KRW775.3 trillion. The authority will encourage enhanced financial stability and loss-absorbing capacity.
SupervisionRegulatory reportingFinancial and market indicatorsSupervisory data
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2025-08-29•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported a 0.52% delinquency rate on domestic banks’ won-denominated loans as of June 2025, down from the previous month but up from the prior year. Newly delinquent loans fell by KRW 0.7 trillion, while resolved loans rose by KRW 4.0 trillion. Delinquency rates declined across business loans, including those to large companies, SMEs, and households, with mortgage loans at 0.30% and unsecured loans at 0.78%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-29•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore has issued a consultation paper proposing updated Guidelines on Liquidity Risk Management for banks, merchant banks, and finance companies, revising the 2013 Guidelines on Risk Management Practices. The updates aim to clarify supervisory expectations and align with the Basel Committee's Principles, incorporating insights from past reviews and liquidity events.
Policy & regulationGuidance & interpretationLiquidity risk