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2025-08-28•Russia•Central Bank of Russia
The Central Bank of Russia's Q2 2025 review highlights a 7.1% growth in management companies' client assets, driven by net inflows into unit investment funds (UIFs) and increased retail interest in trust management strategies. UIF inflows reached RUB 640.3 billion, with closed-end, open-end, and exchange-traded UIFs contributing 63%, 22%, and 13%, respectively. Retail contract volumes in individual trust management rose 25% to 122,000, with net inflows of RUB 70 billion, the highest quarterly net inflow in three years.
Data & statisticsAsset quality
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2025-08-28•Russia•Central Bank of Russia
The Central Bank of Russia reported a significant rise in biometric and QR code payments in Q2 2025. Biometric payments reached 60 million transactions worth RUB 45 billion, a 1.5-fold increase from Q1 and 11 times higher year-on-year. QR code payments totaled nearly 990 million transactions, valued at over RUB 1.3 trillion, marking a 25% increase in number and 16% in value from the previous quarter.
Data & statisticsPayments and payment systems
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2025-08-28•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) published median fee levels for popular fund categories to aid consumer comparison, revealing a 1.30% fee for actively managed Sweden and global equity funds, and 0.25% and 0.35% for Sweden and global index funds. The authority emphasized the impact of fee differences on long-term savings and advised consumers to consult fund fact sheets for comprehensive fee and performance information.
Financial literacy & education
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2025-08-28•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that Spartanox, operating via spartanox.com and claiming a London, UK location, is not registered to deal or advise in securities in New Brunswick. Investors are cautioned against engaging with unregistered firms due to potential lack of protections and are advised to use the National Registration Search tool for verification.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-28•Pakistan•State Bank of Pakistan
The State Bank of Pakistan released its annual financial statements for FY 2024-25, reporting a net profit of PKR 2,500 billion. After necessary appropriations, a surplus profit of PKR 2,428 billion was remitted to the Federal Government.
Data & statisticsActivity and performance reporting
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2025-08-28•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority announced registration for the second intake of a professional diploma in actuarial science, offered by the American University in Cairo with the Egyptian Insurance Federation. The programme aims to increase qualified actuaries for Egypt’s insurance market and includes a foundational diploma for career transition and a preparatory track for Society of Actuaries fellowship requirements. It is funded by the Egyptian Insurance Federation, African Reinsurance Company, and the Policyholders’ Protection Fund.
Policy & regulationImplementation, projects & pilotsCapacity building
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2025-08-28•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) have amended regulations to introduce an expedited base shelf prospectus regime for well-known seasoned issuers (WKSIs) in Canada. This allows eligible issuers to file a final base shelf prospectus without a preliminary filing or regulatory review, with a 37-month effectiveness period. The amendments are set to take effect on November 28, 2025, pending regulatory approvals.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-28•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Division of Market Oversight issued an advisory clarifying when non-U.S. trading venues must register as foreign boards of trade (FBOTs) to offer direct market access to U.S. persons. The advisory applies to all asset classes, including traditional derivatives and digital assets, and addresses industry confusion regarding FBOT versus designated contract market registration, following recent enforcement actions highlighting inconsistencies with previous CFTC interpretations.
Policy & regulationGuidance & interpretationTrading
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2025-08-28•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission reduced the fine on ATHOS ASSET MANAGEMENT MFMC from EUR 7,000 to EUR 4,000 following the firm's redress application. The revised sanction pertains to a breach of Article 35(3)(b) of Law 4557/2018, as decided by the Commission's Board of Directors.
EnforcementInvestigations & enforcement actionsOther
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2025-08-28•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) issued an alert warning that seven entities, including Robo 4000 Mentax and XMR Market, are not registered or authorised under the Fintech Act, thus outside CMF supervision. Investors are advised to verify registration status on the CMF website and consult the Fraud Alerts Page for additional information and alerts from the CMF and other regulators.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-28•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's July 2025 report shows modest real loan growth and improved banking profitability, with total loans at USD 278,994 million and profits up 6.25% year-on-year. Savings and credit cooperatives experienced stronger loan growth at 6.71%, driven by consumer lending, with total loans at USD 3,441 million and profits rising 35.09%. Credit risk metrics showed mixed movements, with improvements in some areas and increases in others.
SupervisionRisk monitoring & watch pointsActivity and performance reporting
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2025-08-28•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway found Ski-VM Trondheim 2025 AS provided unlicensed payment services during the Ski World Championships by handling local food sales payments. The arrangement was deemed "money remittance" as Ski-VM received and transferred funds without a payment account relationship. Despite the serious breach, no police report was filed, but the authority warned of potential future reporting and plans to discuss preventive measures with the Norwegian Sports Federation.
SupervisionInterventionsPayments and payment systems
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2025-08-28•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority revoked Cleaves Securities AS’s authorization for investment services due to repeated reporting breaches and auditor resignations. The firm appealed, delaying revocation until the Complaints Board decides. A wind-down period until 3 October 2025 restricts services to ending existing client relationships.
SupervisionAuthorisations & approvalsAccounting and financial reporting
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2025-08-28•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway found Ski-VM Trondheim 2025 AS provided unauthorized payment services for local food sales. Despite agreements with CoreGo, BankAxept, and Verifone, required authorization and safeguarding obligations were unmet. Finanstilsynet will work with the Norwegian Olympic and Paralympic Committee to prevent similar unlicensed practices at future events, warning of potential police involvement if such services persist.
SupervisionInterventionsLicence approval
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2025-08-28•Canada•Alberta Securities Commission
The Alberta Securities Commission sanctioned Craig Michael Thompson and his companies, Black Box Management Corp. and Invader Management Ltd., for securities fraud in a CAD 150 million day trading scheme. The panel imposed permanent market-access bans and ordered monetary sanctions, including $8.1 million in disgorgement, a $750,000 penalty, and $14,000 in costs. The scheme, which collapsed in 2023, misled over 1,000 investors with fabricated performance reports, resulting in substantial losses.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-28•Canada•Alberta Securities Commission
The Alberta Securities Commission sanctioned Craig Michael Thompson and his companies for securities fraud, imposing CAD 8.1 million in disgorgement, a CAD 750,000 penalty, and CAD 14,000 in costs. Thompson is permanently banned from trading and must resign from director or officer roles, with all respondents facing permanent market-access bans. They admitted to raising CAD 150 million from over 1,000 investors under false pretenses, misappropriating funds, and fabricating performance statements, causing substantial investor losses.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-28•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Region 14 branch and the Can Tho City People’s Committee held a conference to implement the city's 2025 credit-growth plan, aiming to boost outstanding loans to meet regional targets. Despite credit growth, it remains below the national average, prompting calls for coordinated actions to support socio-economic goals, including a 10% Gross Regional Domestic Product growth target. Credit institutions committed to meeting year-end targets, while city departments and bank head offices pledged support through funding and policies to enhance credit access.
Policy & regulationImplementation, projects & pilotsLending
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2025-08-28•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) vice president, Sonia Salvatierra, highlighted efforts to simplify processes and remove obstacles to enhance capital market access for SMEs and the construction sector. Recent frameworks include special regimes for Automatic Public Offering, Tokenisation, and PSAV regulation. CNV officials also discussed public offering regimes and the benefits of financial trusts for construction and real estate.
Policy & regulationGuidance & interpretationMarket developmentSecurities offerings and listings
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2025-08-28•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) joined a virtual seminar by the Argentine Real Estate Chamber on financial advice for real estate development. CNV's Trusts Manager, Silvina Dimateo, discussed financing alternatives using financial trusts and other tools under the regulatory framework to promote capital market use in the sector. The event targeted business leaders and investors, offering insights into available instruments and regulatory considerations.
Financial literacy & educationOther
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2025-08-28•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority (FINMA) assessed the emergency and recovery plans of Switzerland’s domestic systemically important banks, finding Zürcher Kantonalbank and Raiffeisen compliant, while PostFinance's emergency plan remains inadequate. FINMA highlighted PostFinance's insufficient recapitalisation capacity and required improvements in crisis optionality. Recovery plans were approved for all three banks, with FINMA emphasizing recovery triggers and scenario analysis.
SupervisionReviews, inspections & stress testsRecovery and resolution
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2025-08-28•United States•Financial Crimes Enforcement Network
The U.S. Financial Crimes Enforcement Network issued an advisory and Financial Trend Analysis on Chinese money laundering networks (CMLNs) used by Mexico-based drug cartels, including those designated as Foreign Terrorist Organizations. The analysis reviews 137,153 Bank Secrecy Act reports from January 2020 to December 2024, detailing USD 312 billion in suspicious transactions. It outlines CMLN methodologies and provides red-flag indicators for financial institutions to detect and report such activities.
Policy & regulationGuidance & interpretationAML and CFT
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2025-08-28•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi is holding a workshop to enhance financial system resilience by reinforcing its macroprudential framework and establishing a crisis prevention regime. Led by Said Draoui from the Central Bank of Morocco, the initiative focuses on identifying and mitigating systemic risks through cyclical and intersectoral dimensions. The crisis management framework aims to anticipate financial institution failures and protect the economy during disruptions.
Policy & regulationImplementation, projects & pilotsMacroprudential policy and toolsFinancial stability and systemic risk
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2025-08-28•India•Securities & Exchange Board of India
The Securities and Exchange Board of India and the Investor Education and Protection Fund Authority will host the second "Niveshak Shivir" in Hyderabad on 30 August 2025. The event aims to assist investors with transferring unpaid dividends, updating KYC and nomination details, and resolving pending claims related to unclaimed shares and dividends. Participants include major Market Infrastructure Institutions and Registrar and Transfer Agents.
Financial literacy & educationConsumer and investor protection
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2025-08-28•United Arab Emirates•General Pension and Social Security Authority
The General Pension and Social Security Authority clarified that pension payments are acquired rights from employment service, not financial grants or social assistance. It emphasized its role in guaranteeing insured individuals' legal rights and advised the public to rely solely on its official website and verified social media for updates. The authority warned against engaging with unverified communications regarding GPSSA benefits due to potential fraud.
SupervisionAlertsOther
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2025-08-28•Argentina•Central Bank of Argentina
The Central Bank of Argentina hosted its first event on "Prevention of the Financing of the Proliferation of Weapons of Mass Destruction" to enhance financial system integrity and align with Financial Action Task Force recommendations. Attended by over 400 participants, it focused on identifying proliferation-financing risks and improving asset-freezing and inter-agency cooperation, featuring contributions from international and national experts and organized by the BCRA’s Main Compliance Management unit.
Policy & regulationImplementation, projects & pilotsAML and CFTDomestic cooperation
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2025-08-28•Anguilla•Anguilla Financial Services Commission
The Government of Anguilla’s Ministry of Finance and Health is consulting on amending the Commercial Registry and Beneficial Ownership Registration System Act, 2022, to introduce "legitimate interest" access to beneficial ownership information. Access is limited to journalists, academic researchers, and civil society organizations for anti-money laundering or counter-terrorist financing purposes, with key determinations shifted to the Anguilla Financial Services Commission. Additional changes include removing public access pathways, enhancing disclosure suppression, and requiring a "contact person" registration for companies without registrable persons.
Policy & regulationRules & requirementsBeneficial ownership
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2025-08-28•United States•U.S. Department of the Treasury
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) urged financial institutions to enhance detection and reporting of activities linked to Chinese money laundering networks (CMLNs) used by Mexico-based drug cartels. A Financial Trend Analysis highlights CMLNs' role in moving drug trafficking proceeds and links to other illicit activities, with USD 312 billion in suspicious transactions reported. FinCEN also identifies red flags for firms, including unusual account holder profiles conducting large unexplained transactions.
Policy & regulationGuidance & interpretationAML and CFT
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2025-08-28•Denmark•National Bank of Denmark
The National Bank of Denmark reports a significant shift in Danish household investments towards foreign exchange-traded funds (ETFs), with DKK 11.6 billion invested since 2024, compared to DKK 2.6 billion in traditional funds. Households have sold nearly DKK 21 billion in shares and bonds during this period. Despite strong demand, ETFs represent only 4.6% of total household securities holdings as of July.
Data & statisticsTrading
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2025-08-28•Moldova•National Bank of Moldova
The National Bank of Moldova reported non-cash foreign exchange market operations, detailing spot foreign-currency sales of EUR 64.0 million and swap purchases of EUR 9.6817 million, with no forward operations. Spot transactions impact the money supply, while swap operations are reversible and have no long-term effect. Transactions are recorded on the trade date and converted into EUR and USD using monthly average exchange rates.
Data & statisticsCurrency and cash management
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2025-08-28•Moldova•National Bank of Moldova
The National Bank of Moldova released monthly statistics on the non-cash foreign exchange market, detailing banks' spot, swap, and forward transactions against the Moldovan leu, excluding central bank activities. The data highlights significant interbank and intrabank spot transactions, with the euro and US dollar dominating volumes. No swap or forward transactions were recorded in the reported period.
Data & statisticsCurrency and cash management
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2025-08-28•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported a July 2025 pre-tax profit of TWD 42.4 billion for the insurance industry. Life insurers' profits fell 92.3% year-on-year, while non-life insurers saw a 6.1% increase. Total owners’ equity was TWD 2,497.1 billion, with life insurers experiencing a 12.3% decline and non-life insurers a 6.3% rise. The Taiwan dollar appreciated 9.58% against the US dollar, impacting foreign exchange reserves and resulting in a net overseas investment loss of TWD 103.5 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-28•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank's survey of 1,023 Dutch merchants reveals interest in an "offline" digital euro, contingent on low transaction and implementation costs. Security, resilience during disruptions, and customer privacy are top priorities, with high-volume businesses emphasizing the need for continuity during outages. However, 79% of merchants are concerned about potential high transaction fees, and awareness of the digital euro remains limited.
ResearchCBDC
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2025-08-27•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama hosted the Financial Coordination Council's third meeting to review supervisory coordination and developments in Panama's financial system. Discussions covered regulatory progress in the non-financial sector, an updated economic assessment, advances in prudential and macroprudential supervision, and AML/CFT/CPF oversight. Superintendent Milton Ayón Wong chaired the meeting, with representatives from the Ministry of Economy and Finance and other public-sector bodies.
SupervisionCooperationAML and CFTSupervision process and methodologies
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2025-08-27•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority announced that Merak Capital Company has fulfilled the requirements to begin arranging activity in the securities business under its licence approved on February 29, 2024.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-27•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority announced that Itmam Invest Company has fulfilled the requirements to commence managing investments, advising, and arranging activities in the securities business. This follows a CMA resolution dated 25 December 2024, under the Capital Market Law and its implementing regulations.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-27•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority updated on the National Anti-Money Laundering Committee’s consultation about amending Bermuda’s Proceeds of Crime framework. This aligns with Financial Action Task Force standards and precedes the 5th Round Mutual Evaluation in October 2026. A consultation paper issued in July 2025 received broad industry support, leading to a consultation bill for further review.
Policy & regulationRules & requirementsAML and CFT
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2025-08-27•Ukraine•National Bank of Ukraine
Diana Balioz and Inna Spivak from the National Bank of Ukraine's Monetary Policy and Economic Analysis Department published research in Vox Ukraine on the rising use of emerging markets' currencies in international settlements. The study examines the causes and effects of this trend.
ResearchCross-border payments
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2025-08-27•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance, led by Gender Coordinator Loreto Schnake, updated efforts to boost economic autonomy for women and indigenous entrepreneurs in Tarapacá, partnering with UN Women, BancoEstado, and Arturo Prat University. The initiative highlighted Chile’s National Financial Inclusion Strategy (ENIF), focusing on reducing gender gaps in the financial system. A prototype app, Trazalia, was introduced to streamline small business management and facilitate access to formal finance, potentially reducing documentation time by 50%.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) secured a Federal Court ruling requiring ASX-listed TerraCom Limited to pay an AUD 7.5 million penalty for whistleblower victimisation, marking ASIC's first enforcement outcome under whistleblower provisions. TerraCom was also ordered to cover ASIC's legal costs of AUD 1 million. The case involved misleading ASX announcements and shareholder communications that harmed the whistleblower's reputation, despite independent investigations partially supporting the allegations.
EnforcementInvestigations & enforcement actionsWhistleblowing
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has released its Corporate Plan 2025-26, noting a 50% rise in formal investigations and a nearly 20% increase in new civil enforcement proceedings. The plan includes over a dozen initiatives, such as reviews of offset accounts and debt collection, and emphasizes priorities like high-risk super switching and superannuation trustee accountability. Regulatory simplification and new performance measures are also key focuses in ASIC's strategy for 2025-29.
Policy & regulationReform agendas & prioritiesOther
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has extended the hardship withdrawals relief for frozen registered managed investment schemes by 18 months, now effective until 28 February 2027. This extension allows responsible entities to continue facilitating withdrawals for members facing financial hardship under specific criteria. ASIC is conducting further consultations to decide whether to let the relief lapse or amend it.
Policy & regulationRules & requirementsOther
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) warned of rising investment scams using celebrity images, noting a 25% increase in website takedowns in 2025. ASIC highlighted scams involving fake trading platforms and AI trading bots, reporting Australians lost AUD 945 million to investment scams in 2024. The warning also addressed "superannuation switching" schemes and emphasized ASIC's expanded takedown efforts and "Stop, Check, Protect" guidance.
SupervisionAlertsFraud and scams
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2025-08-27•Australia•Australian Securities & Investments Commission
ASIC is consulting on amendments to market integrity rules for trading systems, focusing on AI. The proposals aim to harmonize safeguards, align with international practices, and introduce "kill switches" for algorithmic trading. ASIC plans to repeal outdated requirements and simplify processes, including removing the annual automated order processing notification.
Policy & regulationRules & requirementsArtificial intelligenceMarket infrastructure
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has repealed conditional regulatory relief for Avia Aviation Pty Ltd and Avia Airshares Pty Ltd related to fractional aircraft ownership syndicates. The relief, covering scheme registration, licensing, and disclosure requirements, was deemed unnecessary as no syndicate has formed in over a decade, with no evidence of imminent establishment. ASIC indicated Avia entities could apply for relief for specific syndicates if needed in the future.
Policy & regulationRules & requirementsLicence withdrawal
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2025-08-27•Australia•Australian Prudential Regulation Authority
APRA's June 2025 Quarterly Superannuation Performance statistics show total superannuation assets at AUD 4,330.1 billion, up 4.8% quarterly and 9.8% annually. APRA-regulated fund assets rose 11.7% year on year, while self-managed super fund assets grew 5.5% to AUD 1,051.8 billion. Employer contributions increased 10.1% to AUD 151.1 billion, member contributions surged 25.8% to AUD 59.1 billion, and benefit payments rose 12.8% to AUD 132.5 billion. Total contributions for entities with more than six members increased 14.1% to AUD 210.2 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority reported a 4.8% quarterly increase in total superannuation assets to AUD 4.3301 trillion as of June 2025, with APRA-regulated funds comprising AUD 3.0395 trillion. Year-on-year, superannuation assets rose 9.8%, driven by significant increases in contributions and benefit payments.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-27•Rwanda•Rwanda Capital Markets Authority
At the listing of Africa Medical Supplier’s FRW 5 billion corporate bond on the Rwanda Stock Exchange, the Rwanda Capital Markets Authority CEO emphasized the capital market's role in business growth and economic support. The bond, with a five-year term and 13.25% coupon rate, aims to enhance Rwanda’s capital market and funding options. Proceeds will help Africa Medical Supplier expand its medical supplies and services.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-08-27•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) used a national radio program to discuss integrating information and communication technology to enhance insurance services and security through platforms like TIRAMIS and ORS. These systems connect with national databases, facilitating remote insurance registration and verification. TIRA also emphasized its role in consumer protection and implementing the Universal Health Insurance Act.
Financial literacy & educationFinancial literacy and education
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2025-08-27•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority conducted an insurance training session for over 150 driving students at VETA college in Mwanza. The session emphasized the importance of insurance for new drivers, methods to verify motor insurance digitally, and guidance on selecting appropriate coverage and submitting claims. This initiative aims to enhance insurance awareness and road safety.
Financial literacy & educationFinancial literacy and education
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2025-08-27•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) held its inaugural meeting with the EU-supported FINMAR project to align Ukraine's financial regulations with EU standards. Priority areas include investment funds, non-state pension funds, and rating agency regulations. The NSSMC and the National Bank of Ukraine are the main beneficiaries, with a project timeline extending to August 2028.
Policy & regulationCooperation
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2025-08-27•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its inaugural Payment Fraud Statistics report for the second half of 2024, noting card payments made up 94% of fraudulent transactions by volume. Fraudulent value was mainly in credit transfers (60%) and card payments (39%), with cross-border card payments 25 times more likely to be fraudulent than domestic ones. The report, based on data from Cyprus-resident payment service providers, will be published semi-annually.
Data & statisticsFraud and scams
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2025-08-27•El Salvador•Superintendencia del Sistema Financiero de El Salvador
El Salvador's Financial System Superintendency has authorized Banco Internacional de Costa Rica, S.A., domiciled in Panama, to extend its Information Office operations in El Salvador for two more years. The office can serve as an information center and facilitate loans or investments but is prohibited from deposit-taking. The authorization requires publication in the Official Gazette and two national media outlets or equivalent digital platforms.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-27•Ireland•Central Bank of Ireland
The Central Bank of Ireland issued a warning that CFD Trades 24 is an unauthorised investment firm not permitted to provide investment services in Ireland. The firm operates via cfdtrades247.com, and its name was published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013. Consumers are advised to consult the Central Bank's resources on financial scam protection.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-27•Ireland•Central Bank of Ireland
The Central Bank of Ireland has issued a warning that Uniq Loan Financial is not authorised to provide retail credit services in Ireland. The firm is listed under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-27•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has completed stakeholder consultations on proposed revisions to the Private Fund Regulations, 2015, to create a more structured and globally aligned framework for private equity and venture capital funds. The proposals include defined subtypes of private funds, expanded investor eligibility, and enhanced governance.
Policy & regulationRules & requirementsOther
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2025-08-27•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has banned Robert John Tohill, compliance manager of MWL Financial Services Pty Ltd, for five years due to contraventions of financial services laws. Tohill approved misleading Statements of Advice and inadequate disclosures. This enforcement is part of ASIC's broader investigation into Shield Master Fund, involving over AUD 480 million from 5,800 consumers, and includes scrutiny of Keystone Asset Management Ltd and related entities.
EnforcementSanctions & designationsCompliance
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2025-08-27•China•Central Bank of the Republic of China
The People's Bank of China will issue commemorative coins on 3 September 2025 to mark the 80th anniversary of victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War. The set includes a bimetallic coin and three precious metal coins, all legal tender. The bimetallic coin will be distributed via a reservation-and-exchange mechanism, while the precious metal coins will be available through China Gold Coin's platforms.
Monetary policyOther
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2025-08-27•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau of Hong Kong announced the appointment of Dr Christopher To Wing as a non-official Director of the Financial Dispute Resolution Centre's Board, effective 1 September 2025, succeeding Richard Leung Wai-keung. Dr To brings expertise in mediation and arbitration to the Centre, which manages financial disputes between institutions and customers through a "Mediation First, Arbitration Next" approach.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-27•Finland•Bank of Finland
The Bank of Finland appointed Professor Antti Ripatti as Adviser to the Parliamentary Supervisory Council to assist with monetary and economic policy matters. Ripatti, a Doctor of Social Sciences, specializes in money demand in inflation-targeting monetary policy. His part-time, fixed-term role will conclude in spring 2027.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-27•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission's Quarterly Report for April to June 2025 highlights a significant rise in IPO fundraising and securities trading, with IPO funds raised increasing over 610% year-on-year to HKD 128 billion. The report details developments in virtual asset markets, including more SFC-authorised spot virtual asset ETFs and a joint consultation on regulating virtual asset dealers. Investor protection efforts include warnings against stablecoin speculation and actions against online scams and finfluencers.
Data & statisticsActivity and performance reporting
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2025-08-27•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America released a report from its July session in San Salvador, emphasizing the need for enhanced parallel financial investigations and asset recovery to combat illicit financial flows. It highlights the necessity for political commitment, specialized units, technological investment, and regional coordination to strengthen systems against financial crime, including virtual asset risks. The session was supported by international and regional organizations, underscoring the importance of collaboration with the private sector.
Policy & regulationGuidance & interpretationAML and CFTRecovery and resolution
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2025-08-27•Ghana•Bank of Ghana
The Bank of Ghana outlined its sustainable finance agenda at Fidelity Bank Ghana’s Sustainability Conference, emphasizing supervisory and policy initiatives to address sustainability and climate-related risks. It highlighted the Ghana Sustainable Banking Principles, with 73.06% compliance among commercial banks, and the publication of a strategic plan and Climate-Related Financial Risk Directive. The central bank is engaging with other regulators to develop a comprehensive Sustainable Finance Roadmap.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-08-27•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan presented its "Financial Services Strategy to Support Women’s Entrepreneurship," outlining priorities to enhance access to finance for women entrepreneurs. Developed with commercial banks under Presidential Decree PD-103, the Strategy aims to institutionalize gender policy in the financial sector and boost women’s entrepreneurial capacity. The presentation also addressed implementation mechanisms and cooperation with international financial institutions.
Policy & regulationReform agendas & prioritiesDiversity and inclusion
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2025-08-27•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait has penalized multiple supervised entities, including two local banks and an e-payment company.
EnforcementSanctions & designationsCompliance
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2025-08-27•United Kingdom•Joint Money Laundering Steering Group
The Joint Money Laundering Steering Group has obtained HM Treasury ministerial approval for amendments to Part I of its Guidance. The revisions, affecting specific paragraphs, are published under the "Revisions" tab within "Guidance".
Policy & regulationGuidance & interpretationOther
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2025-08-27•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina reported July 2025 estimates for core inflation at 4.32% and services inflation at 4.80%, based on consumer price index data. The estimates suggest increased inflation pressures in services and other core inflation categories. The bank noted that model-based estimates were slightly lower, potentially underestimating the impact of nominal wage growth on inflation.
Data & statisticsEconomic data and developments
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2025-08-27•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) issued a normative instruction to enhance the management of disciplinary administrative proceedings (PAD) within the agency. This aims to boost transparency, effectiveness, and legal certainty, aligning SUSEP's processes with the Comptroller General's guidelines. The instruction complements existing legislation and reinforces the investigation of public servants' disciplinary infractions.
Policy & regulationRules & requirementsOther
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2025-08-27•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported significant progress under its National Financial Inclusion Strategy for 2022–2026, highlighting increased digital financial services and access to the financial system. Achievements include a rise in non-cash transactions, the introduction of a unified QR code system, and substantial bank lending to women. Future priorities focus on financial literacy, access in remote areas, and enhanced consumer protection in digital services.
Policy & regulationImplementation, projects & pilotsFinancial inclusionMarket development
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2025-08-27•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina hosted an EBRD delegation to discuss cooperation in monetary policy, financial stability, and sector development. Key topics included economic recovery, sustainable development, and European integration, focusing on green finance and joining the SEPA area. The EBRD's initiatives, like the WE Finance Code and "Women on Boards" project, aim to improve access to finance for women entrepreneurs and enhance gender equality in management.
Policy & regulationCooperationDomestic cooperation
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2025-08-27•Europe•European Central Bank
The European Central Bank released a working paper introducing a method to decompose impulse response estimates in local projections, revealing whether policy effects are broadly supported by data or dominated by specific episodes. The paper extends this approach to machine learning methods and proposes concentration metrics to assess the influence of top observations. Empirical applications show estimates can be concentrated in identifiable historical events, with Random Forest-based estimates offering improved interpretability.
ResearchOther
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2025-08-27•Europe•European Central Bank
The European Central Bank released a working paper analyzing the impact of carbon taxation on income and location, using French data and a spatial model. The study finds that geographic differences significantly affect distributional outcomes, with rural households facing higher welfare losses than urban ones. It suggests that rebate schemes considering both income and location can mitigate geographic inequities and enhance welfare gains.
ResearchCarbon marketsClimate risk and sustainable finance
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2025-08-27•Europe•European Central Bank
A European Central Bank blog post analyzes the rise of services in global trade, attributing growth to reduced non-tariff barriers and improved communications technologies. The euro area has benefited significantly but is losing ground in information and communication technologies (ICT), with a notable gap in ICT business R&D investment compared to the U.S. Remote-deliverable services have grown rapidly, now comprising 48% of euro area exports.
ResearchMarket development
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2025-08-27•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand and the People’s Bank of China have renewed their RMB 25 billion reciprocal currency swap arrangement for five years to facilitate cross-border transactions and promote bilateral trade and economic development. This arrangement, initially established in 2011, aims to support financial stability and includes an option for extension by mutual agreement.
Monetary policyMonetary policy instruments & operationsCross-border payments
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2025-08-27•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand (RBNZ) published the Chief Ombudsman’s final opinion on its handling of Official Information Act requests related to former Governor Adrian Orr’s departure, agreeing to release a timeline of events. The Ombudsman did not mandate further document releases but offered guidance on information withholding and public interest assessment, with RBNZ affirming its approach as reasonable despite delayed responses.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-08-27•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) is advocating for an update to Brazil’s 2003 sanctions regime for closed complementary pension entities (EFPC), leveraging a new cross-party Parliamentary Front. PREVIC has drafted a revised text to enhance supervisory tools and align with its focus on system order, benefit payments, and governance. The Parliamentary Front, supported by 200 deputies and seven senators, will monitor legislative proposals and promote sectoral legal framework improvements.
Policy & regulationRules & requirementsOther
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2025-08-27•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam, in collaboration with the Ministry of Education, concluded the National Financial Literacy Day 2025 Financial Awareness Roadshow for secondary students. The event featured interactive learning and activities on financial management, digital payments, and consumer protection, engaging over 2,000 students. The roadshow concluded with a prize-giving ceremony for the FIN-novators competition.
Financial literacy & educationFinancial literacy and education
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2025-08-27•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) has revoked Les Vela Limited's financial advice provider licence and de-registered financial adviser Le Zhou due to an investigation into "tombstoning" practices, resulting in NZD 260,937 in fraudulent commissions. This enforcement action highlights the FMA's focus on addressing misleading or fraudulent activities by financial advisers, as outlined in its Financial Conduct Report.
EnforcementInvestigations & enforcement actions
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2025-08-27•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released data on the timing and magnitude of interest rate changes by major financial institutions after adjustments in the Reserve Bank of New Zealand’s Official Cash Rate, focusing on floating rate mortgages and on-call savings accounts. This dataset, from eight institutions covering 98% of New Zealand housing loans, aims to centralize information on rate movements for new and existing customers.
Data & statisticsActivity and performance reporting
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2025-08-27•South Korea•South Korea Financial Supervisory Service
South Korea's Financial Supervisory Service reported a 15% year-on-year decline in aggregate net income for life and nonlife insurers in the first half of 2025, totaling KRW 7.9750 trillion. Life insurers' net income fell 8.5% due to higher expenses, while nonlife insurers saw a 19.2% drop driven by increased loss ratios. The authority plans to closely monitor insurers' financial conditions amid market uncertainties.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2025-08-27•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued Notice No. 88/TB-UBCK mandating individuals on a specified list to pay a VND 1,000,000 fee for a securities practice certificate, as per Ministry of Finance Circular No. 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the commission. Failure to complete the procedure within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-27•Brazil•Brazil Securities Commission (CVM)
Brazil’s Securities Commission (CVM) launched its Sustainable Finance Action Plan for 2025-2026, with 14 initiatives to enhance sustainability in Brazil's capital markets. The plan focuses on technology adoption, staff training on international standards, and market maturity mapping. CVM also reported on its 2023-2024 plan, noting successful delivery of 14 initiatives and highlighting Resolution CVM 193, which facilitates voluntary sustainability-related financial reporting.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) is consulting on amendments to CVM Resolution 9 to align Brazil's credit risk rating framework with international standards. The changes aim to enable CVM-registered agencies to serve Brazilian issuers accessing foreign investors, expanding their international reach.
Policy & regulationRules & requirementsCredit ratings
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2025-08-27•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission released H1 2025 financial results for the health maintenance organization industry, highlighting a 19.63% increase in healthcare benefits and claims paid to PHP 36.29 billion. Despite higher payouts, the sector achieved increased profitability with net income of PHP 1.47 billion, driven by a 21.36% rise in total revenues to PHP 47.03 billion. Total assets grew 21.14% to PHP 83.91 billion, while invested assets declined 13.15% due to cash equivalent maturities.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-27•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission released first-half 2025 data for the non-life insurance sector, reporting a 20.48% increase in net premiums written to PHP 39.63 billion. Claims paid rose 32.67% to PHP 15.69 billion, while net income grew 2.71% to PHP 5.12 billion. Motor Car insurance remained dominant, contributing 40.52% of total net premiums written, with a 16.20% growth to PHP 16.06 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-27•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission reported a 12.01% increase in life insurance premiums to PHP195.05 billion in H1 2025, driven by a 15.47% rise in variable unit life (VUL) policies. VUL premiums accounted for 67.01% of total premiums, with significant growth in single-premium variable life. The life sector's net income rose 4.05% to PHP20.72 billion, with total assets reaching PHP1,995,370.7 million.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-27•Canada•Ontario Securities Commission
The Ontario Securities Commission has charged Jimmy Delinis with fraud under subsection 126.1(1)(b) of the Securities Act, related to an investment scheme through Azura Futures and Currencies. The OSC alleges Delinis raised nearly CAD 2.9 million from 38 investors, providing misleading statements of returns despite ongoing losses. The charge results from an investigation by the OSC’s Criminal Investigations & Prosecutions team.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-27•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) filed for bankruptcy against David and Natasha Sharpe under the Bankruptcy and Insolvency Act, after they failed to pay financial sanctions ordered by the Capital Markets Tribunal. The Tribunal found the Sharpes, former Bridging Finance Inc. executives, involved in securities fraud diverting over USD 100 million. The OSC aims to recover assets for Bridging Finance unitholders, with PricewaterhouseCoopers Inc. appointed as receiver and manager over related entities.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-27•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC is collaborating with the Philippine Public Safety College to combat fraudulent investment schemes through financial literacy and investor education. Their first SEC CAN! Investor Protection and Scam Awareness Hybrid Webinar, held on August 20, focused on identifying and reporting investment fraud. This initiative is part of a Memorandum of Agreement under the SEC CAN! initiative, with the SEC's Anti-Scam and Illegal Taking of Investments Group facilitating partnerships for training and support.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2025-08-27•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario released its Q2 2025 Solvency Report and 2024 Funding Report for Defined Benefit Pension Plans, indicating sound financial positions despite uncertainties. The median solvency ratio increased to 122% by June 30, 2025, recovering from early April volatility, while the median going-concern funded ratio rose to 112%. FSRA advised plan sponsors and administrators to maintain vigilance through stress testing and modelling.
SupervisionRisk monitoring & watch points
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2025-08-27•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has initiated enforcement action against Andrew White for alleged unlicensed mortgage activity, contravening the Mortgage Brokerages, Lenders and Administrators Act, 2006. The regulator proposes two administrative penalties totaling CAD 25,000. White has requested a hearing before the Financial Services Tribunal.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-27•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario released its Q2 2025 Solvency Report, showing a median solvency ratio of 122% for defined benefit pension plans, and its 2024 funding report indicating improved funded positions. It opened a consultation on supervisory guidance for target benefit multi-employer pension plans and announced new Pensions Stakeholder Advisory Committee members. Additionally, it highlighted changes for Specified Ontario Multi-Employer Pension Plans regarding filing requirements under Ontario Regulation 909.
SupervisionRisk monitoring & watch points
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2025-08-27•Global•The Wolfsberg Group
The Wolfsberg Group released a second Statement on Effective Monitoring for Suspicious Activity, advocating for integrating automation, artificial intelligence, and machine learning in monitoring programs. The framework emphasizes responsible innovation through transition and validation, balancing model risk with financial crime risk, and ensuring transparency and effectiveness, drawing on member banks' experiences and collaboration with financial intelligence units and authorities.
Policy & regulationGuidance & interpretationAML and CFTArtificial intelligence
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2025-08-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises holders of Prime Road Power Public Company Limited’s PRIME253B bonds to review information and exercise their rights at the bondholders’ e-meeting on 29 August 2025. Bondholders will consider approvals related to defaults from non-payment of principal and interest, including exemptions and rescheduling of repayments. The SEC requires the bondholders’ representative to present an analysis of the potential impacts of approval or rejection.
Policy & regulationGuidance & interpretationCorporate governance
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2025-08-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission filed a criminal complaint against All Inspire Development Public Company Limited, its CEO, and a director for allegedly submitting a false 56-1 One Report for 2022. The report omitted significant legal disputes, including claims totaling THB 190 million and a THB 885.75 million arbitration dispute. The SEC will monitor proceedings and cooperate with relevant agencies under the Securities and Exchange Act.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-08-27•Russia•Central Bank of Russia
The Central Bank of Russia's review of project finance in housing construction for Q2 2025 shows a rise in the project finance loan portfolio to RUB 0.7 trillion, contributing 60% to the corporate loan portfolio increase. Developers' outstanding loans reached RUB 9.3 trillion, 48% of banking sector capital, with a slight rise in issued loans and a decrease in repayments. The weighted average rate on the project finance portfolio increased to 10.7% per annum, below the average corporate lending rate of 18.9%.
Data & statisticsLendingAsset quality
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2025-08-27•Russia•Central Bank of Russia
The Central Bank of Russia announced the implementation of a statutory cooling-off period for consumer loans and microloans effective 1 September 2025. Loans between RUB 50,000 and RUB 200,000 will be accessible four hours post-agreement, while amounts above RUB 200,000 will require a 48-hour wait. Exemptions include loans below RUB 50,000, certain mortgage, education, and car loans, and refinancing without increased outstanding amounts.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-08-27•Pakistan•State Bank of Pakistan
The State Bank of Pakistan’s Banking Services Corporation and UN Women Pakistan signed an MoU to enhance financial inclusion and literacy, focusing on gender equality and women's empowerment. The partnership includes seminars, capacity-building programs, and research to address barriers to women's financial inclusion. The MoU serves as a framework for collaboration, promoting digital financial services and expanding access to finance in underserved areas.
Policy & regulationCooperationFinancial inclusionDomestic cooperation
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2025-08-27•Mauritius•Bank of Mauritius
The Bank of Mauritius refuted media claims of punitive action against analyst Chidanand Rughoobar due to his trade unionist status, clarifying its actions under employment terms. Rughoobar, arrested on 13 July 2025, was interdicted pending a police enquiry for not promptly disclosing his arrest circumstances, with a show-cause letter issued on 8 August 2025.
Institutional developmentWorkforce & recruitmentOther
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2025-08-27•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) is enhancing market surveillance and fraud detection by adopting Nasdaq’s Market Surveillance platform, replacing its legacy system. This upgrade aims to improve detection of fraud, manipulation, and unusual trading activity across CFTC-regulated derivatives markets. The initiative is part of a broader modernization effort, including a crypto sprint to implement recommendations from a recent White House report.
SupervisionSupervision approach, priorities & toolkitMarket abuseSupervision process and methodologies
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2025-08-27•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has updated its Mutual Funds Portal with data as of June 2025, enhancing cost and performance comparability across mutual fund share series. New features include a distinct segment for digital series in the Costs module and 10-year historical profitability in the Profitability module. The Portal now offers improved usability and mobile access via the Microsoft Power BI app.
Policy & regulationImplementation, projects & pilotsFinancial and market indicatorsSupervisory data