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2025-08-27•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission announced the agenda for its September 18, 2025 roundtable on trade-through prohibitions, featuring remarks from key SEC officials and three panels discussing market participants' experiences, the role of trade-through prohibitions in automated markets, and potential regulatory changes. The event will be held at SEC headquarters and webcast live, with a recording available later.
Policy & regulationOtherTrading
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2025-08-27•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) released its schedule for Community Reinvestment Act (CRA) evaluations for Q4 2025 and Q1 2026, covering national banks and federal savings associations. Public comments on CRA activities are invited and will be considered if submitted before the scheduled evaluation month.
SupervisionReviews, inspections & stress testsOther
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2025-08-27•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chair Wu Qing and Saudi Arabia’s Minister of Investment Khalid Al-Falih met in Beijing to discuss enhancing regulatory cooperation between their capital markets. The talks also aimed at promoting two-way cross-border investment.
Policy & regulationCooperationCross-border cooperation
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2025-08-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam Regional Branch 13 reviewed People’s Credit Funds in Tay Ninh province, noting a slight funding increase and loan decrease as of July 2025. The branch emphasized adherence to safety, governance, and compliance standards, urging implementation of the Governor’s action plan and alignment of business targets with fund conditions. It stressed staff training, updating internal regulations, and improving communication with members and local residents.
SupervisionReviews, inspections & stress testsOther
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2025-08-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam Region 5 reviewed Lang Son's banking system, focusing on monetary, foreign exchange, and banking developments for the first eight months of 2025. Priorities include enhancing compliance, risk control, and advancing cashless payments and digitalisation. Lang Son's deposits rose 8.6% to VND 54.312 trillion, while outstanding credit increased 3.7% to VND 47.247 trillion, with a non-performing loan ratio of 1.16%.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-08-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) has released an action plan to enhance social policy credit effectiveness, aligning with the Communist Party Secretariat's Directive. The plan includes training, reviewing existing credit programs, amending SBV-led legal instruments, coordinating with ministries, and strengthening VBSP governance. State-owned credit institutions must maintain deposit balances at VBSP equal to 2% of their VND mobilised funding as of the previous year-end.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) President, Roberto E. Silva, outlined recent regulatory advances at the "Miradas al Futuro 2025" event, emphasizing tokenisation rules, regulation of virtual asset service providers, and the "Automatic Public Offering" framework. These initiatives are part of efforts to modernize Argentina's capital markets and enhance its international relevance.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-27•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has repealed 44 regulatory documents and declared seven others invalid to enhance the timeliness of the regulatory framework. This update aims to align financial regulatory policy with industry development needs. Further efforts will focus on maintaining coherence and continuing the review of normative documents.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-27•Global•SWIFT
Swift announced that Ant International and Standard Chartered Bank have begun live trials of a bank-to-wallet payment solution using ISO 20022 messaging on Swift’s infrastructure, completing initial transactions within Ant International’s Alipay+ ecosystem. This initiative aims to enhance cross-border money transfers by leveraging Swift's network and Alipay+'s digital wallets, focusing on expanding payment optionality and interoperability in Asian markets.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-08-27•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has reported progress on Project Nexus, which aims to standardize connectivity between domestic instant payment systems for faster cross-border payments. Central banks from India, Malaysia, the Philippines, Singapore, and Thailand are moving towards live implementation and have agreed to establish the Nexus Scheme Organisation in Singapore, with the BIS providing technical guidance.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-27•South Korea•Bank of Korea
The Bank of Korea published its August 2025 update on the Business Survey Index and the Composite Business Sentiment Index, with detailed findings available in an accompanying document.
Data & statisticsEconomic data and developments
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2025-08-27•Moldova•National Bank of Moldova
The National Bank of Moldova emphasized financial stability, payment infrastructure modernization, and banking system confidence in its Independence Day message. It identified the 2025 decision on Moldova's integration into the Single Euro Payments Area (SEPA) as a key milestone for enhancing economic connectivity with Europe, aiming to enable faster, safer, and more efficient payments.
Policy & regulationReform agendas & prioritiesOther
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2025-08-27•Denmark•National Bank of Denmark
The National Bank of Denmark reported a significant increase in Danish homeowners' housing debt by DKK 36.5 billion since early 2025, surpassing the combined rise over the previous three years. Mortgage loans contributed DKK 25.5 billion to this increase, with bank housing loans growing by 4 percent since the end of 2024. The average annual interest rate on new housing loans has decreased by nearly 2 percentage points since late 2023, boosting the market value of mortgage debt by DKK 67.5 billion.
Data & statisticsLending
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2025-08-27•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated its financial sanctions notice, amending five entries under the ISIL (Da’esh) and Al-Qaida sanctions regime per the UN Sanctions List. These entries, subject to an asset freeze, are on the UK sanctions list, effective in the Isle of Man under domestic regulations. Institutions must freeze assets of designated persons and report to the Financial Intelligence Unit if they suspect a match or deal with such funds.
Policy & regulationRules & requirementsSanctions list update
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2025-08-27•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
Trinidad and Tobago’s Ministry of Finance has appointed a new Board of Directors for First Citizens Holdings Limited. Mr. Shankar Bidaisee will serve as Chairman and Professor Sterling Frost as Deputy Chairman, with additional directors including Ms. Crystelle Smith, Mr. Prakash Dhanrajh, Ms. Sandy Roopchand, Ms. Jo-Anne Boodoosingh, Ms. Nichelle Granderson, and Mr. Javan Lewis.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-08-26•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved FGSC – Consultoria e Prestação de Serviço, Lda as a corporate real estate valuation expert for properties in real estate collective investment undertakings. Gabriel Soares Calimi Cavalo and Pedro Carreira Victorino are authorized to act on behalf of the firm.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-26•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of DREAMERS – Arquitectura & Engenharia, Lda. as a corporate real estate appraiser for properties in real estate collective investment undertakings. Faria Saquissi Samundombe and Gilton Baptista Chilombo are authorised to act on its behalf.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-26•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported a net increase of 121,164 employed individuals in Q2 2025, driven by higher formal employment and reduced informal work. The unemployment rate decreased to 5.0%, and the informality rate fell to 54.0%. Employment gains were predominantly among 15–39 year olds and university-educated workers.
Data & statisticsEconomic data and developments
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2025-08-26•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved SNB Capital's public offering of the Jood Waqf Fund, confirming compliance with the Capital Market Law and its Implementing Regulations. The authority emphasized that this approval is not a subscription recommendation and advised investors to thoroughly review the fund's terms, strategy, and risks.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-26•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Perfect Presentation for Commercial Services Company's capital increase from SAR 300 million to SAR 330 million via a capitalisation issue, transferring SAR 30 million from retained earnings to share capital. This will raise the company's outstanding shares from 300 million to 330 million. The company must hold an extraordinary general assembly within six months and comply with all regulatory requirements.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-26•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority is consulting on a draft framework for licensed institutions to offer robo-advisory services, defined as algorithm-based investment management. The draft includes operational, disclosure, and governance requirements, such as strategy notifications to the CMA, algorithm controls, portfolio limits, and client disclosures. It mandates performance track record publication and ongoing prudential requirements, with robo-advisory assets expected to reach SAR 3.4 billion by end-2024.
Policy & regulationRules & requirementsFintech and insurtech
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2025-08-26•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia highlighted Superintendent César Ferrari's remarks on open finance and low-value instant payment systems enhancing financial inclusion. At the SME Development Summit 2025, Ferrari emphasized fintechs' role in reaching underserved populations and the need for more capital. He advocated for open finance to create information symmetry, enabling better financial decisions and improved credit conditions.
Policy & regulationGuidance & interpretationFinancial inclusionPayments and payment systems
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2025-08-26•Kosovo•Central Bank of the Republic of Kosovo
Central Bank of Kosovo Governor Ahmet Ismaili met EIOPA Chair Petra Hielkema in Frankfurt to discuss insurance and pension developments and enhance supervisory cooperation. They addressed Kosovo's financial sector reforms, capacity-building support, and regulatory harmonisation with the EU. Both committed to ongoing technical and professional collaboration, including financial stability and consumer protection.
Policy & regulationCooperationCross-border cooperation
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2025-08-26•Kenya•Central Bank of Kenya
The Central Bank of Kenya has issued a revised Risk-Based Credit Pricing Model for the banking sector, effective September 1, 2025, for new variable-rate loans. The model anchors loan pricing on the Kenya Shilling Overnight Interbank Average (KESONIA) and mandates transparency in lending rates, premiums, and fees. Banks must update systems and publish data online, with KESONIA applicable to all variable-rate loans except foreign currency and fixed-rate loans.
Policy & regulationRules & requirementsCredit risk
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2025-08-26•Tanzania•Ministry of Finance (Tanzania)
Tanzania's Ministry of Finance highlighted Prime Minister Kassim Majaliwa’s visit to the Dar es Salaam Stock Exchange (DSE), noting its milestone of over 28 listed companies and a market capitalization exceeding TZS 22 trillion. The Ministry aims to expand capital markets by encouraging listings from various sectors and supporting new products like green bonds and sukuk. Majaliwa urged increased investment through the DSE to benefit households, businesses, and stability.
Policy & regulationReform agendas & prioritiesSecurities offerings and listings
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2025-08-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved the draft Law on improving state and municipal property management for economic growth and amended certain Commission decisions. It registered NovaPay Credit LLC’s corporate bonds issuance and prospectus and approved share issues for JSC ZNVCIF PRIME, PRAGMATIC CAPITAL, and STALKER. Amendments to the share prospectus and registration for JSC ZNVCIF VELAR INVEST were registered.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market released an overview of its administrative services, which include over 80 free and paid offerings. Paid services generated over UAH 19.2 million in the first half of the year, with significant revenue from CII securities registrations and related changes. Detailed service information is available on the Commission's website.
Policy & regulationImplementation, projects & pilotsProcurement
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2025-08-26•Italy•Bank of Italy
The Bank of Italy's report on fraudulent payment transactions for the second half of 2024 highlights low fraud rates in digital retail payments, with instant credit transfers showing higher fraud rates than ordinary ones. It notes a rise in "manipulation of the payer" fraud, challenging even strong customer authentication. From 9 October 2025, payment service providers must verify IBAN and beneficiary data in real-time for credit transfers, alerting customers to discrepancies before authorization.
Policy & regulationRules & requirementsPayments and payment systemsFraud and scams
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2025-08-26•Georgia•National Bank of Georgia
The National Bank of Georgia published the August editions of its Current Macroeconomic Review and Financial Sector Review. These publications aim to enhance analytical communication and provide the public with data to support economic analysis.
Research
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2025-08-26•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan mandates all SECP-licensed entities to implement and display digital payment solutions, emphasizing the Raast QR Code. This applies to Non-Banking Finance Companies, insurance companies, Modarabas, and securities brokers, requiring them to accept digital payments and coordinate with financial institutions for free Raast QR codes. Compliance is expected by 31 October 2025.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-26•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) emphasized Regional Development Banks' (BPD) role in regional economic development, urging transformation for competitiveness in a tech-driven landscape while ensuring customer protection. At a meeting with the Regional Banking Association, OJK noted BPD sector performance and advocated for Joint Business Groups to enhance resilience. The agency highlighted potential consolidation of local-government-owned Rural Banks under BPDs and stressed investment in IT infrastructure, aligning with the 2024–2027 BPD Strengthening Roadmap.
SupervisionSupervision approach, priorities & toolkitMarket development
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2025-08-26•United States•National Credit Union Administration
The National Credit Union Administration announced the retirement of Keith Morton as Regional Director of its Southern Region, effective 29 August 2025. Cory Phariss will assume the role of Acting Regional Director while continuing as President of the NCUA’s Asset Management Assistance Center. Morton, who joined the NCUA in 1986, has led the Southern Region since 2006, overseeing events such as Hurricane Katrina and the Great Recession.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-26•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated civil penalty proceedings against Equity Trustees Superannuation Limited in the Federal Court, alleging failures in due diligence related to the Shield Master Fund. ASIC claims Equity Trustees did not act with the required care and diligence of a prudent superannuation trustee, contravening sections of the Superannuation Industry (Supervision) Act 1993 and the Corporations Act 2001. This marks ASIC's first action against a superannuation trustee in its Shield investigations, with further cases anticipated.
EnforcementInvestigations & enforcement actionsOther
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2025-08-26•Portugal•Bank of Portugal
The Bank of Portugal released a statistical note on direct investment for H1 2025, highlighting EUR 2.6 billion in Portuguese direct investment abroad and EUR -0.4 billion in foreign direct investment in Portugal. The negative inward figure was primarily due to a EUR -1.6 billion reclassification of liabilities to "portfolio investment." Excluding special purpose entities, inward direct investment stock was 69% of GDP at end-2024, 15 points above the OECD average from 2008–2024.
Data & statisticsBalance of payments and other external statistics
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2025-08-26•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) released a report on Public Consultation No. 6/2025, detailing a draft regulatory standard for information-disclosure duties in pension funds. Key updates include recalibrated document page limits, removal of a contribution disclosure graphic, and adjustments to risk and performance disclosures. The revised draft sets the proposed implementation date to 1 January 2026.
Policy & regulationRules & requirementsDisclosures
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2025-08-26•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) has initiated public consultation 16/2025 on a draft update to its circular on the minimum requirements for making bail-in operationally feasible (MaBail-in). The draft aligns with the Single Resolution Board’s Minimum Bail-in Data Template to ensure consistency and reduce conversion efforts. BaFin emphasizes that the draft does not impose additional compliance burdens beyond existing regulations.
Policy & regulationRules & requirementsRecovery and resolution
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2025-08-26•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance announced a fiscal package focused on tax relief, income support, and housing measures for the middle class, funded by economic outperformance and anti-tax evasion efforts. The package includes a EUR 6.5 billion housing initiative, pension benefits, a new national customs code for digitalisation, and reduced bank charges. Additional measures target families with multiple children, Greek repatriation incentives, and support for volunteer firefighting organisations.
Policy & regulationReform agendas & prioritiesOther
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2025-08-26•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has approved the London Stock Exchange to operate the PISCES platform, the first authorised operator for the UK's new regulated private stock market model. PISCES will facilitate periodic trading events for private company shares, tested through the financial markets infrastructure sandbox. The legislative framework was established by a Treasury statutory instrument in May 2025, with the London Stock Exchange planning to launch its Private Securities Market later this year.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-26•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) clarified the implementation of opt-in workplace savings schemes to boost employee access to payroll-based savings while adhering to existing legislation. Developed with input from government bodies, the guidance addresses structuring schemes to comply with National Minimum Wage and financial promotions requirements. The FCA will continue collaborating with stakeholders to enhance consumer savings resilience, with HM Treasury planning a Financial Inclusion Strategy release later this year.
Policy & regulationGuidance & interpretationFinancial inclusion
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2025-08-26•Belize•Central Bank of Belize
The Central Bank of Belize clarified that proposed amendments to the Moneylenders Act aim to consolidate borrowing costs under a single cap of 144% per annum, contrary to social media claims of a 148% interest rate increase. The draft reforms focus on improving consumer cost disclosures and enforcing penalties for non-compliance. Current legislation allows up to 48% interest and 16% monthly fees, totaling an effective annual cost of up to 240%.
Policy & regulationRules & requirementsLending
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2025-08-26•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency approved Rocket Companies' acquisition of Mr. Cooper Group, with conditions to ensure the safety and soundness of Fannie Mae and Freddie Mac. The merger of these major seller-servicer counterparties is permitted, provided each enterprise maintains a 20% counterparty concentration risk limit and implements additional safeguards. No participant can exceed 20% of either enterprise's servicing market.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2025-08-26•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency reported a 2.9% increase in U.S. house prices from Q2 2024 to Q2 2025, with no change from Q1 to Q2 2025. The seasonally adjusted monthly index for June fell 0.2% from May. Year-on-year, house prices rose in 46 states, with New York leading at 8.0%, while the District of Columbia experienced the largest decline at 7.6%.
Data & statistics
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2025-08-26•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) HKD 4.2 million for breaching disclosure requirements in research reports on Hong Kong-listed securities from 2013 to 2021. HSBC's self-report led to an investigation revealing incorrect disclosures due to data recording deficiencies affecting over 4,200 reports. HSBC has since enhanced systems and controls, conducted reviews, and cooperated with authorities, with no evidence of client losses found.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-08-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and the Securities and Futures Commission fined The Hongkong and Shanghai Banking Corporation Limited HKD 4.2 million for breaching disclosure requirements in research reports on Hong Kong-listed securities. An investigation revealed HSBC's failure to disclose or incorrect disclosures about its investment banking relationships in over 4,200 reports from 2013 to 2021. Deficiencies in data recording and mapping were identified, and HSBC lacked effective systems and controls to ensure compliance with the SFC Code of Conduct.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-08-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted the public about scams involving fraudulent websites, fake internet banking login screens, and phishing emails linked to The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. HKMA emphasized banks won't send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-08-26•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Sabyrzhan Omarhanovich Berkinbayev as Deputy Chair of the Management Board and a Management Board member of JSC Kaspi Bank. Murat Baysinovich Baysinov was approved as a member of the Board of Directors of JSC Altyn Bank, a subsidiary of China CITIC Bank Corporation Limited.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-08-26•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan announced the opening of BNK Commercial Bank in Almaty, marking the first foreign bank established by converting a microfinance organisation into a bank and the first banking licence issued in 15 years. This aligns with President Kassym-Jomart Tokayev’s directive to attract foreign banks and boost competition. BNK Commercial Bank, part of BNK Financial Group, will focus on lending to small and medium-sized enterprises.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-26•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan issued guidance urging borrowers to thoroughly review loan agreements to avoid financial difficulties. Key advice includes verifying contract terms, understanding the full cost of credit, and recognizing the impact of repayment behavior on credit history. Borrowers are directed to Fingramota.kz for further resources.
Policy & regulationGuidance & interpretationLendingPrudential risks
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2025-08-26•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan has amended rules to impose coercive supervisory measures on insurance brokers and shareholders linked to terrorism financing and weapons proliferation. Effective 31 August 2025, these changes aim to prevent such entities from holding controlling interests and align with international recommendations following Kazakhstan's compliance evaluation with Financial Action Task Force standards.
Policy & regulationRules & requirementsAML and CFT
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2025-08-26•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority updated its counter-financial crime programme, detailing progress under the Financial Crime Strategy 2024–26 and priorities for combating organised crime. Enhancements include immigration processes, supervision, enforcement, data collection, risk monitoring, and intelligence sharing. Preparations for the 2025 Countering Financial Crime Conference and the 2026 MONEYVAL evaluation are also underway.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-08-26•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), led by Superintendent Alessandro Octaviani, participated in a Chamber of Deputies hearing on the insurance sector's response to climate change. Octaviani emphasized the need for coordinated public-private action, wider insurance access, and improved product quality, citing agriculture's low insurance coverage. He also mentioned SUSEP's working group on catastrophe insurance, planning to include policyholders and public-sector representatives in discussions.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-26•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina released its 2024 foreign direct investment survey results, showing inflows of BAM 1.76 billion, a decrease from BAM 2.06 billion in 2023. Croatia was the largest source of inflows, while financial services received the most investment. The FDI stock at end-2024 was BAM 21.22 billion, with revisions for previous years included.
Data & statisticsBalance of payments and other external statistics
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2025-08-26•South Africa•South African Reserve Bank
The South African Reserve Bank reported a 0.4% increase in the composite leading indicator to 111.7 in June 2025, driven by gains in real M1 growth, export commodity prices, and trading-partner indicators. The coincident indicator rose by 0.5% to 95.8 in May, while the lagging indicator increased by 1.0% to 108.3. Despite these gains, the leading indicator was down 0.5% year-on-year in June.
Data & statisticsEconomic data and developments
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2025-08-26•Brazil•Brazilian Pension Funds Authority (PREVIC)
At the 20th National Meeting of Lawyers of Closed Pension Funds Entities, the Brazilian Pension Funds Authority (PREVIC) emphasized updating the sanctions framework and enhancing mediation. Director-superintendent Ricardo Pena noted the outdated sanctions regime and the need for alignment with other regulatory bodies and international standards. Discussions included recent sector changes, risk of double punishment, and upcoming regulatory changes like CNPC Resolution 60 and Provisional Measure 1292.
SupervisionSupervision approach, priorities & toolkitOther
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2025-08-26•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released the welcome speech by Managing Director Dayang Hajah Rashidah binti Haji Sabtu at the Financial Awareness Roadshow, part of National Financial Literacy 2025.
Financial literacy & educationFinancial literacy and education
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2025-08-26•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam, in collaboration with the Ministry of Education, launched the National Financial Literacy Day 2025 Financial Awareness Roadshow for secondary students, themed “Money Smart, Digitally Safe.” The event features a "Financial Maze" with interactive booths on topics like consumer protection and digital security, and introduces Usinwise as the brand for national financial literacy campaigns.
Financial literacy & educationFinancial literacy and education
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2025-08-26•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic issued a circular enhancing consumer protections during IT system failures, prohibiting charges when alternative channels are unavailable, and mandating automatic refunds. It requires financial entities to notify customers of service disruptions over two hours and outlines protocols for cyberattack incidents. Compliance is required within six months, with breaches subject to sanctions under existing financial laws.
Policy & regulationRules & requirementsOperational risk and resilience
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2025-08-26•Slovenia•Slovenia Securities Market Agency
The Slovenia Securities Market Agency issued an alert on crypto asset fraud, highlighting that scams often originate online via social media or messaging apps. It warned that unsolicited contact or adverts promising quick, high returns are strong scam indicators. The agency also released an information package detailing crypto assets, scam identification, and reporting procedures, including a list of common scam signs.
SupervisionAlertsFraud and scams
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2025-08-26•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported a 17.9% increase in corporate financing for July 2025, totaling KRW28.2484 trillion, driven by a significant rise in equity issuance. Equity issuance surged to KRW4.8135 trillion, with notable IPO proceeds and rights offerings, while debt issuance decreased to KRW23.4349 trillion. Commercial paper and short-term bond issuance also increased, reaching KRW46.4985 trillion and KRW92.3669 trillion, respectively.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-26•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles' Financial Stability Committee reported that the banking sector remained resilient in Q2 2025, supported by strong liquidity and capital, despite increased risks from global uncertainty and rising cybersecurity threats. The Committee emphasized the need for financial institutions to bolster cybersecurity resilience and enhance public awareness. External challenges, including tighter global financial conditions and geopolitical uncertainties, could impact the domestic economy.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskLiquidity riskMarket risk and volatility
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2025-08-26•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has mandated the immediate suspension of securities portfolio management services by Innovative Wealth Management Intermediações Ltda. This action follows findings by the Institutional Investors Supervision department indicating concerns about the firm's activities. A public alert has been issued to capital markets participants and the general public.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2025-08-26•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) concluded an enforcement action against Vebcap Securitizadora de Ativos S.A. and its administrators, imposing fines totaling BRL 25.7 million and 39-month prohibitions for unregistered public offerings and fraudulent operations. The parties can appeal to the National Financial System Appeals Council.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-26•Albania•Albania Financial Services Authority
The Albania Financial Services Authority announced Board decisions on a bond issuance, a depositary change for two investment funds, and an insurance agent authorization. Banka Kombëtare Tregtare's bond offer documents were registered, Credins Bank was approved as the new depositary for ABI FLEX EURO and ABI FLEX USD funds, and insurance agent activity was authorized.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-26•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay, through its Securities Superintendency, and the Secretariat for the Prevention of Money or Asset Laundering held training on the targeted financial sanctions regime for securities market obliged entities. The session focused on the practical application of the regime, the current legal framework and procedures to immobilize financial assets linked to suspected terrorist financing or proliferation financing. The central bank said it will continue similar training for supervised entities.
Policy & regulationImplementation, projects & pilotsAML and CFTFinancial inclusion
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2025-08-26•Global•Institute of International Bankers
The Institute of International Bankers supports U.S. banking agencies' proposal to recalibrate regulatory capital requirements to encourage large banks' participation in the U.S. Treasury market, advocating for broader reforms beyond the enhanced Supplementary Leverage Ratio. Recommendations include adjusting risk-based indicators for U.S. Treasuries, excluding certain banks from the Supplementary Leverage Ratio, and recalibrating the Tier 1 leverage ratio and stress capital buffer requirements.
Policy & regulationRules & requirementsCapital adequacy
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2025-08-26•Global•World Federation of Exchanges
The World Federation of Exchanges has alerted the US SEC, IOSCO, and ESMA about risks from unregulated brokers and crypto platforms offering tokens mimicking US equities without equivalent rights. The WFE calls for technological neutrality, regulatory parity between tokenised and traditional instruments, enhanced cross-border supervisory coordination, and clarification of legal frameworks for ownership and rights in tokenised ecosystems.
Policy & regulationGuidance & interpretationTokenization
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2025-08-26•Global•ISDA
ISDA, SIFMA, and FIA submitted a joint comment letter to U.S. regulators supporting recalibration of the enhanced supplementary leverage ratio (eSLR) and related requirements, arguing it would restore eSLR's role as a backstop and enhance banks' capacity in US Treasury markets. They also called for a broader review of the regulatory capital framework and urged rule finalization by 1 January 2026.
Policy & regulationOtherCapital adequacy
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2025-08-26•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC reminded holders of six Sahakol Equipment bond series to review information and exercise rights at meetings. Key considerations include exemptions from default events related to postponing maturity dates, revising repayment terms for THB 550 million, and amending a THB 300 million loan agreement. The SEC urged bondholders to assess the analysis provided by their representatives before voting.
SupervisionAlertsCorporate governance
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2025-08-26•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC advised bondholders of Eastern Power Group's EP259A and EP249A series to review information and exercise their rights at upcoming meetings on proposed bond term changes. For EP259A, the proposal includes extending maturity to September 2026 and raising the interest rate to 6.25% per year. For EP249A, the proposal involves extending maturity to March 2026, increasing the interest rate to 6.00% per year, and addressing default exemptions related to debt restructuring.
SupervisionInterventionsCorporate governance
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2025-08-26•Russia•Central Bank of Russia
The Central Bank of Russia's preliminary July 2025 data shows a modest increase in corporate and mortgage lending, while consumer lending continues to contract. Mortgage loans rose by 0.7%, and new mortgage lending increased by 15% month on month. Sector profit remained stable at RUB 397 billion, with household and legal entity funds showing slight growth.
Data & statisticsLending
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2025-08-26•Russia•Central Bank of Russia
The Central Bank of Russia issued guidance requiring banks to clearly explain to customers the reasons for suspending card and account transactions or restricting remote banking access, specifying the relevant federal law. Banks must differentiate between actions under Federal Law No. 161-FZ (anti-fraud) and Federal Law No. 115-FZ (AML/CFT), avoiding unjustified "double restrictions." The regulator will monitor compliance with these directives.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-08-26•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial & Consumer Services Commission warned that Bank Bit, CTI Capital, and Westmile Invest L.P. are not registered to deal or advise in securities in New Brunswick. Investors are cautioned against engaging with these unregistered firms as investor protections may not apply. The alert specifies that the warning does not extend to other businesses with similar names and advises using the National Registration Search tool for verification.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-26•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that Westmile Invest L.P. is not registered to deal or advise in securities in New Brunswick. Investors are cautioned against engaging with this unregistered firm, which is associated with the website www.westmile.pro and located in Northern Ireland. The warning is specific to this entity and does not apply to other businesses with similar names.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-26•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that Bank Bit, based in the UK, is not registered to deal or advise in securities in New Brunswick. Investors are cautioned against dealing with unregistered firms due to the lack of investor protections. The Commission recommends using the National Registration Search tool to verify registration status.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-26•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued an investor alert about CTI Capital, stating it is not registered to deal or advise in securities in New Brunswick. Investors are advised to avoid unregistered firms due to lack of protections and to verify registrations using the National Registration Search tool. The alert specifies that CTI Capital is based in the United Kingdom and does not apply to other similarly named businesses.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-26•United States•Federal Deposit Insurance Corporation
The FDIC's Quarterly Banking Profile for Q2 2025 shows FDIC-insured institutions reported net income of USD 69.9 billion, with a return on assets of 1.13 percent, down 1 percent from the previous quarter due to increased provision expenses from a large bank acquisition. The Deposit Insurance Fund balance rose to USD 145.3 billion, with the reserve ratio increasing to 1.36 percent, exceeding the statutory minimum. Consequently, the FDIC will cease operating under the Restoration Plan starting Q3 2025.
Data & statisticsActivity and performance reporting
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2025-08-26•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority reported a meeting with Prime Minister Mostafa Madbouly and Egyptian Exchange Chairman Islam Azzam on capital market development and investment support. Initiatives include enhancing market stability, introducing new financial products like derivatives, and activating a market maker mechanism. Coordination with the Ministry of Finance aims to promote large-sized offerings and diversify the investor base.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-26•Canada•British Columbia Securities Commission
The British Columbia Securities Commission announced that Alan James Fetterly paid CAD 30,000 for brokering syndicated mortgages without the required securities registration. Fetterly, a registered sub-mortgage broker, brokered three syndicated mortgages from 2018 to 2024, earning nearly CAD 50,000 in commissions. The BCSC noted no investor harm, acknowledged his cooperation, and highlighted that prior legal advice missed the securities law implications.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-26•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway's report on Valdres Sparebank highlights deficiencies in credit practices, loss provision processes, and internal governance. The bank is advised to enhance credit guidelines, documentation, and independent control measures, addressing long-standing capacity constraints. Valdres Sparebank is taking steps to strengthen its business segment and adjust its strategy.
SupervisionReviews, inspections & stress testsCredit riskCorporate governance
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2025-08-26•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway (Finanstilsynet) published an inspection report on an audit firm, revealing multiple breaches in its 2023 statutory audits, some deemed serious. Despite considering revoking the auditor’s state-authorised approval, Finanstilsynet decided against it due to remediation efforts and improvements in the 2024 audit. The firm will undergo a quality control review by another firm in autumn 2025, with the report submitted to Finanstilsynet.
SupervisionReviews, inspections & stress testsAuditing
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2025-08-26•Egypt•Central Bank of Egypt
The Central Bank of Egypt announced that remittances from Egyptians abroad reached a record USD 36.5 billion in FY 2024/2025, marking a 66.2% increase from the previous fiscal year. In the final quarter of FY 2024/2025, remittances rose 34.2% year on year to USD 10.0 billion, with June alone seeing a 40.7% increase to USD 3.6 billion.
Data & statisticsBalance of payments and other external statistics
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2025-08-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam amended Decree 24/2012 via Decree 232/2025, expanding regulations to include gold bar production under a licensing regime. Changes include mandatory bank account settlements for gold transactions over VND 20 million, updated terminology to "commercial bank," and specific eligibility conditions for gold bar production licences. Additional obligations involve electronic invoicing, data retention, and reporting requirements for gold bar producers.
Policy & regulationRules & requirementsOther
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2025-08-26•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) joined the Central Bank of the Argentine Republic (BCRA) and the London Stock Exchange Group (LSEG) to prevent financing weapons of mass destruction proliferation. CNV chair Roberto E. Silva emphasized efforts since Law No. 27.739, regulating virtual asset service providers, and highlighted collaboration with BCRA. The event included presentations from LSEG specialists and international experts from the Financial Action Task Force (FATF) and GAFILAT.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-08-26•China•China Banking and Insurance Regulatory Commission
Li Yunze, Party Secretary and Director of China’s National Financial Regulatory Administration, met with Saudi Investment Minister Khalid Al-Falih to discuss China–Saudi bilateral economic, trade, and financial cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-08-26•South Korea•Bank of Korea
The Bank of Korea's Consumer Tendency Survey reports the Composite Consumer Sentiment Index at 111.4 in August 2025, a 0.6-point increase from July.
Data & statisticsEconomic data and developments
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2025-08-26•Moldova•National Bank of Moldova
The National Bank of Moldova hosted a dialogue on EU accession, emphasizing its role in supporting reforms and aligning legislation with EU standards. Governor Anca Dragu highlighted the bank's involvement in financial stability, confidence building, and negotiation teams on capital movement, financial services, and monetary policy. The bank aims to support the Association Agreement's implementation and the transposition of the EU acquis.
Policy & regulationCooperationCross-border cooperation
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2025-08-26•Denmark•National Bank of Denmark
The National Bank of Denmark's analysis highlights significant internal trade barriers within the EU single market, suggesting that reducing these could enhance Danish welfare. A 1 percentage point reduction in EU trade barriers might increase Denmark's gross national income by 0.4% long-term, with potential welfare gains of nearly 3% if barriers match Canadian interprovincial trade levels. A 2 percentage point reduction could offset welfare losses from increased US tariffs, with larger reductions potentially mitigating severe global trade fragmentation impacts.
ResearchMarket development
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2025-08-26•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Services Commission reported that new policy premium revenues for foreign-currency denominated products in the life insurance industry reached NT$200.611 billion by end-June 2025, a 35% increase year-on-year. Investment-linked insurance products accounted for NT$27.527 billion, up 30%, while traditional insurance products totaled NT$173.084 billion, up 36%.
Data & statisticsFinancial and market indicators
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2025-08-26•United Kingdom•The Pensions Regulator
The Pensions Regulator (TPR) intervened to secure the Edinburgh Woollen Mill Ltd Retirement Benefits Scheme after its sponsoring employer's insolvency. Purepay Retail Limited, which acquired the business, became the scheme’s statutory employer, contributing GBP 7 million and agreeing to a three-year recovery plan. The scheme is now funded above Pension Protection Fund level and is expected to achieve full funding on a low dependency basis within three to four years.
SupervisionInterventionsRecovery and resolution
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2025-08-26•Barbados•Central Bank of Barbados
The Central Bank of Barbados shared Governor Dr. Kevin Greenidge's remarks on women's financial independence, emphasizing budgeting, emergency savings, and distinguishing between wealth-building and wealth-draining debt. He highlighted investment opportunities like the Government’s BOSS Plus bonds and warned against lifestyle inflation and fraud. Greenidge introduced BiMPay, an instant payment system launching in 2026, to facilitate real-time transactions.
Financial literacy & educationFinancial literacy and education
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2025-08-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission announced the prospectus for the public offer and trading admission of Banco de Fomento Angola, S.A. shares, with Unitel, S.A. as the offeror. The prospectus is available on the Commission's website and those of the offeror, issuer, and intermediaries. The Commission clarified that registration and approval are based on legality and do not guarantee the disclosed information or the offer's viability.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-25•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported a 17.0% year-on-year increase in total exports to USD 2,366.8 million for Q2 2025, while imports rose 4.9% to USD 2,881.3 million, resulting in a trade deficit of USD 514.5 million, 28.9% smaller than Q2 2024. Cumulative exports to June 2025 reached USD 4,441.1 million, driven by a 21.9% rise in goods exports, notably in agriculture, mining, and fisheries. Total imports for the first half of 2025 were USD 8,588.7 million, with increases in capital, consumer, and intermediate goods.
Data & statisticsBalance of payments and other external statistics
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2025-08-25•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has proposed a fiscal year 2026 budget of PAB 29,850,000 to the National Assembly's Budget Commission, aimed at operational needs and institutional modernization. Superintendent Milton Ayón Wong emphasized the focus on enhancing banking supervision through advanced technology and data-driven decision-making, alongside investment in human capital through specialized training for supervisory staff.
Institutional developmentTechnology & data transformationCapacity buildingRegtech and suptech
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2025-08-25•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Middle East Financial Investment Company’s public offering of the MEFIC Capital Murabaha Fund. The authority emphasized that the approval signifies compliance with legal requirements, not a subscription recommendation, and advised investors to thoroughly review the fund's terms and conditions and assess its strategy and risks.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission hosted a workshop with Angola’s Competition Regulatory Authority to enhance cooperation and align economic regulation and competition approaches. The session focused on knowledge sharing, aligning procedures, and discussing best practices to support investor protection and market efficiency. A follow-up exchange is planned for 12 September 2025 at the ARC’s premises.
Policy & regulationCooperationCross-border cooperation
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2025-08-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission facilitated a memorandum of understanding between DeltaGest Capital, SGOIC, S.A., and S.P.P.F.F. – Kapata, Lda under the Greenfield venture capital fund. This marks the first agreement between a venture capital fund and an SME within the CMC’s Emergentes programme. The memorandum includes a potential investment by Greenfield FCR to acquire up to 51% of Kapata’s share capital, contingent on studies.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-08-25•Israel•Bank of Israel
The Bank of Israel reported a 0.64% decline in its Composite State of the Economy Index for July, marking the final release in its current format, with a new Monthly Index of Economic Activity to be introduced next month for more precise growth insights. The July decline reflects impacts from Operation Rising Lion, though subsequent improvements were noted, and revisions showed a larger June decline of -1.62% and a May decline of -0.33%.
Data & statisticsEconomic data and developments
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2025-08-25•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has initiated a consultation on minor updates to its prudential and reporting framework for authorised deposit-taking institutions, insurers, and registrable superannuation entity licensees. These updates are described as technical clarifications that do not materially alter policy settings. Draft standards and guidance have been published for review.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-25•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) is consulting on minor updates to the prudential and reporting framework for authorised deposit-taking institutions, insurers, and registrable superannuation entity licensees, focusing on technical clarifications without material policy changes. Submissions are due by 22 September 2025.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-25•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority has been recognized as a "Top Five" winner for operational efficiency and improved service delivery by the Treasury Registrar.
Institutional developmentOther