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2025-08-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is consulting on a draft decision to streamline financial statement submissions by mandating a single digital reporting format in XBRL via the Financial Reporting Collection Center. The proposal aims to eliminate XML submissions and facilitate a smooth transition to the new format.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of dubious investment projects, adding three flagged as scams, bringing the total to 444. The projects include "Chykalov.pro.Invest," "OnlySuccessAllowed," and "YourFinancesSecured." Dubious projects often involve unfair solicitation, lack of licenses, and promises of ultra-high returns.
SupervisionAlertsFraud and scams
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2025-08-25•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has launched the Integrated Licensing and Registration System (SPRINT) to streamline licensing across the financial services sector, replacing the Integrated Financial Services Information System (SIJINGGA). Effective 1 September 2025, it covers insurance, guarantees, pension funds, financing institutions, venture capital, and other financial services, featuring digital signatures, QR code validation, and a centralised database. SPRINT aims to enhance responsiveness by delegating licensing authority to regional offices and integrating microfinance institution licensing by early 2026.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-08-25•Georgia•National Bank of Georgia
The National Bank of Georgia has adopted a regulation detailing criteria for marketing securities as Green, Social, Sustainability, or Sustainability-Linked Bonds. Developed with international and local input, the framework supports environmental and social goals, boosts private investment in sustainable projects, and enhances transparency for sustainability-focused financial products. The regulation takes effect on January 1, 2026.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-08-25•Georgia•National Bank of Georgia
The National Bank of Georgia released interactive press releases detailing trends in resident commercial banks' loan portfolios and deposits as of July 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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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 Q2 2025 exports to USD 2,366.8 million, while imports rose 4.9% to USD 2,881.3 million, resulting in a USD 514.5 million trade deficit, down 28.9% from Q2 2024. Cumulative exports to June reached USD 4,441.1 million, driven by a 21.9% rise in goods exports, notably in agriculture, mining, and fishing. Total imports for the first half of 2025 increased by 5.1%, with growth in capital, consumer, and intermediate goods, although oil and derivatives purchases decreased by 13.7%.
Data & statisticsBalance of payments and other external statistics
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2025-08-25•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) has standardized the board resolution format for opening corporate bank accounts under the Companies Act, 2017. Developed with the Pakistan Banks’ Association, this aims to streamline documentation and reduce onboarding delays, especially for start-ups and companies with foreign directors. The resolution, featuring QR codes for digital verification, is part of SECP's "From paper to Platform" initiative.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-25•Indonesia•Bank Indonesia
Bank of Indonesia announced that Indonesians can now use QRIS for payments in Japan by scanning the JPQR Global code at participating merchants, enhancing QR code payment connectivity. This complements the Local Currency Transaction cooperation for rupiah–yen settlement, with connectivity launched on 17 August 2025. Indonesia–Japan LCT transactions reached USD 5.1 billion in January–July 2025, up from USD 2.23 billion in the same period of the previous year.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-25•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) issued guidance for securities service providers to ensure uninterrupted online order acceptance, even during high utilisation. The focus is on minimizing customer exclusion from trading due to technical issues and improving contingency planning and communication. BaFin Executive Director Dr. Thorsten Pötzsch elaborates on these measures in an interview on BaFin’s website.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2025-08-25•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
Botswana's Non-Bank Financial Institutions Regulatory Authority and the Financial Intelligence Agency warn of rising fraudulent loan applications targeting micro-lenders. They advise enhancing loan controls, verifying identities and employment, improving document authentication, training staff, and reporting fraud. Methods include impersonation with counterfeit documents and collusion.
SupervisionAlertsFraud and scams
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2025-08-25•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a EUR 2.168bn state budget surplus for January to July 2025, surpassing the targeted deficit of EUR 1.961bn. Net state budget revenues reached EUR 42.853bn, exceeding targets by EUR 817m, with tax revenues outperforming by EUR 2.150bn. Expenditures were EUR 40.685bn, EUR 3.311bn below target, primarily due to timing of payments for budget transfers and armaments programmes.
Data & statisticsOther
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2025-08-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that businessman Wong Pak Ming has pleaded not guilty to insider dealing charges related to Transmit Entertainment Limited shares. The SFC alleges Wong, as chairman and controlling shareholder, engaged in insider dealing between August and October 2017. The trial is scheduled for November 20 to December 12, 2025, with a pre-trial review on October 24, 2025.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert concerning fraudulent activities targeting five banks, including The Bank of East Asia and OCBC Bank (Hong Kong). The alert highlights fake websites, phishing emails, and fraudulent login screens. The HKMA advises against sharing sensitive information via SMS or email and urges affected individuals to contact their bank and report to the Hong Kong Police.
SupervisionAlertsFraud and scams
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2025-08-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has launched enhancements for the offshore renminbi (RMB) bond repurchase business, enabling rehypothecation of bond collateral and cross-currency repo. On the first day, over 60 transactions totaling more than RMB3 billion were completed by at least 25 financial institutions. The HKMA will collaborate with Mainland authorities to further promote the offshore RMB repo market.
Policy & regulationImplementation, projects & pilotsTrading
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2025-08-25•Germany•BaFin
The Federal Financial Supervisory Authority (BaFin) issued a supervisory communication clarifying expectations for securities service providers, including banks and brokers, to ensure uninterrupted online order acceptance during high utilisation. Firms are expected to minimise the risk of customers being technically prevented from trading, strengthen contingency planning, and improve customer communications in the event of disruptions. BaFin Executive Director Dr Thorsten Pötzsch outlined the background and planned supervisory follow-up in an interview.
Policy & regulationGuidance & interpretationOperational risk and resilience
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2025-08-25•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 has granted Madina Duysenbekkyzy a licence to conduct actuarial activities. The licence was issued under an order from the Deputy Chair.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-25•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) concluded its Road Safety Week in Prachinburi, aimed at enhancing road safety awareness and compulsory motor insurance uptake among Gen Z students. Part of the "Smart Education Smart Youth" pilot, it involved five institutions and reported a significant increase in post-activity test scores. The OIC plans to use this programme as a foundation for further local safety measures and potential expansion beyond the pilot area.
Financial literacy & educationOther
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2025-08-25•South Africa•South African Reserve Bank
The South African Reserve Bank's Working Paper examines extreme weather impacts on sovereign bond yields, highlighting variations based on fiscal strength. Low-debt advanced economies see increased expected short rates, while high-debt ones face higher term premia. In emerging markets, fiscally constrained countries show muted yield responses, whereas higher-rated peers anticipate monetary easing and increased issuance.
ResearchClimate risk and sustainable finance
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2025-08-25•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released a report on "shadow insider trading," clarifying how insider trading prohibitions under the Financial Markets Conduct Act 2013 apply when non-public, price-sensitive information about one listed issuer is used to trade in another economically related issuer's financial products. The report emphasizes the need for market participants to assess the implications of holding such information, maintain robust governance and compliance controls, and engage with the FMA on practical issues.
Policy & regulationGuidance & interpretationMarket abuse
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2025-08-25•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission (FSC) reported a meeting between Vice Chairman Kwon Dae-young and Vietnam’s Deputy Minister of Finance Nguyen Duc Chi to enhance cooperation on capital markets. Discussions included market supervision, virtual asset regulation, and milestones like the Industrial Bank of Korea and Korea Development Bank's entry into Vietnam. They agreed to further strengthen cooperation in insurance and fintech.
Policy & regulationCooperationCross-border cooperation
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2025-08-25•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Technology and Digital Transformation Department is seeking cost quotations from providers for designing, supervising, and testing a specialised centralised data warehouse.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-08-25•Germany•German Bundesbank
The German Bundesbank and the Federal Financial Supervisory Authority (BaFin) propose ending the million credit reporting system for banks and insurers by 30 December 2026, citing redundancy with existing European Central Bank AnaCredit data. The legislative amendments required for this change are included in the draft Standortfördergesetz published by the Federal Ministry of Finance.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-25•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a judgment session on 26 August 2025 to assess allegations against Vebcap Securitizadora de Ativos S.A and two individuals for an unregistered public offering and fraudulent securities operations. The case involves potential breaches of Article 19 of Law 6,385 and CVM Instruction 400, alongside violations of CVM Instruction 8. The session will be public, with options for in-person attendance or videoconference, and may proceed with electronic voting if the accused do not participate.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2025-08-25•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has updated its Financial Consumer Alert list, adding 17 unauthorised companies and websites, including several flagged as potential clone entities. These entities may impersonate legitimate organisations by replicating their identity, branding, or operations. The list is not exhaustive and will be updated regularly.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-25•Bulgaria•Ministry of Finance (Bulgaria)
Bulgaria's Ministry of Finance signed a Memorandum of Understanding with several regional finance ministries to enhance capital markets development. The agreement aims to reduce cross-border barriers, improve business financing access, and strengthen regional market connectivity. Deputy Minister Metodi Metodiev participated in the signing ceremony in Zagreb.
Policy & regulationCooperationMarket developmentCross-border cooperation
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2025-08-25•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay is strengthening its IT capabilities with World Bank support and is updating its cybersecurity strategy to reinforce continuity of critical services. Under the Reserve Advisory and Management Partnership program, a World Bank Group technical team is assessing the central bank’s operational resilience against leading industry practices.
Institutional developmentTechnology & data transformationCyber resilienceIT management
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2025-08-25•Croatia•Ministry of Finance (Croatia)
Croatia’s Ministry of Finance announced that finance ministers and senior officials from eight Central and South-Eastern European countries signed a Memorandum of Understanding to cooperate on developing their national capital markets through closer coordination, regulatory alignment and increased market integration. The initiative aims to enhance liquidity and build more efficient, competitive markets, improve access to financing and attract investment. Croatia’s Deputy Prime Minister and Finance Minister Marko Primorac linked the regional effort to Croatia’s domestic capital market strategy to 2030 and recent government securities issuance.
Policy & regulationCooperationMarket development
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2025-08-25•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission issued cease and desist orders against seven companies for operating unregistered online lending platforms. The orders prohibit these firms and their affiliates from engaging in lending activities without SEC registration, citing violations of SEC Memorandum Circulars and Republic Act No. 11765.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-25•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission acknowledged the arrest of Global Ferronickel Holdings, Inc. chairman Joseph C. Sy for alleged misrepresentation of his citizenship and is monitoring the situation for potential jurisdictional action. The SEC reminded listed companies of their duty to disclose material developments promptly under relevant regulations.
SupervisionRisk monitoring & watch pointsCorporate governance
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2025-08-25•Croatia•Croatian Financial Services Supervisory Agency
Finance ministers and senior officials from Slovenia, Slovakia, Poland, Romania, Bulgaria, Hungary, North Macedonia, and Croatia signed a Memorandum of Understanding in Zagreb to enhance cooperation in capital market development. The initiative aims for regulatory alignment to boost liquidity, efficiency, and competitiveness, aligning with the EU’s Savings and Investment Strategy. Hanfa will support implementing these objectives within its mandate.
Policy & regulationCooperationMarket developmentDomestic cooperation
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2025-08-25•Poland•Central Bank of Poland
The Central Bank of Poland reported a PLN 20.3bn increase in the M3 money supply in July 2025, reaching PLN 2,606.1bn, primarily due to higher deposits and claims from non-financial corporations and households. Deposits rose by PLN 9.5bn for corporations and PLN 7.6bn for households, while net debt increased for the central government and households but decreased for other financial institutions.
Data & statisticsMonetary data
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2025-08-25•Fiji•Reserve Bank of Fiji
Kontiki Finance Ltd, Home Finance Company Pte Ltd, and the Sugar Cane Growers Fund have signed the Women Entrepreneurs Finance Initiative Code, expanding participation to 11 institutions, as announced by the Reserve Bank of Fiji. This commitment aims to enhance access to finance for women-led micro, small, and medium enterprises, with signatories agreeing to appoint gender champions, implement supportive policies, and report annually on gender indicators.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
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2025-08-25•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC has asked the public prosecutor to file a civil lawsuit against three individuals for allegedly manipulating the share price or trading volume of Readyplanet Public Company Limited. The SEC seeks civil penalties totaling THB 279,673,856.10 plus interest, alongside trading prohibitions and director or executive bans. The matter has also been reported to the Anti-Money Laundering Office under the Anti-Money Laundering Act B.E. 2542 (1999).
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-25•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, criticized President Trump's attempt to remove Federal Reserve Board Governor Lisa Cook as illegal and a violation of the Federal Reserve Act. She described the move as an "authoritarian power grab" that should be challenged in court.
OtherLeadership change and appointments
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2025-08-25•Russia•Central Bank of Russia
The Central Bank of Russia released a draft ordinance for public consultation proposing changes to compulsory motor third-party liability insurance (CMTPLI) pricing. Key changes include a revised local coefficient (LC) approach, a 100% LC increase for high-risk regions, and an expanded tariff rate range. The proposal responds to rising spare parts costs and increased CMTPLI payments, with average payments up 17% year-on-year in the first half of 2025.
Policy & regulationRules & requirements
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2025-08-25•Russia•Central Bank of Russia
The Central Bank of Russia updated its roadmap for banking regulation and supervision, detailing measures through 2026. Key initiatives include recalibrating loan-loss provisioning, publishing supervisory frameworks, and completing prudential and crisis-management reforms. Implemented measures involve a finalized capital adequacy approach for universal licence banks and a new liquidity coverage ratio effective 1 October 2025.
Policy & regulationReform agendas & prioritiesCapital adequacyLiquidity riskStress testing
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2025-08-25•Russia•Central Bank of Russia
The Central Bank of Russia released its August 2025 monitoring results for maximum interest rates on Russian-ruble household deposits from the top 10 credit institutions. The average maximum rate was 15.96% for the first 10 days and 15.85% for the second 10 days of August. Rates by maturity were reported as 15.34% for up to 90 days, 15.36% for 91 to 180 days, 14.42% for 181 days to one year, and 12.99% for over one year.
Data & statisticsFinancial and market indicators
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2025-08-25•Russia•Central Bank of Russia
Starting 1 September 2025, the Central Bank of Russia will launch a "helping hand" service, enabling a designated relative or friend to confirm or reject suspicious fund transfers. This aims to protect vulnerable customers, especially the elderly, and enhance parental oversight of teenagers' transactions. The service covers various fund transfers, including card-based and Faster Payments System transactions, with banks managing the connection process.
Policy & regulationRules & requirementsFraud and scams
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2025-08-25•Russia•Central Bank of Russia
The Central Bank of Russia's latest quarterly commentary on Russia’s Balance of Payments reveals a decrease in the current account surplus for Q2 2025, attributed to rising imports in USD terms and exports remaining below 2024 levels. Import growth was primarily driven by services, notably increased spending on foreign travel, while exports were impacted by lower global prices for crude oil and coal, OPEC+ production cuts, and export quotas.
Data & statisticsBalance of payments and other external statistics
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2025-08-25•Pakistan•State Bank of Pakistan
The State Bank of Pakistan has launched applications for its first Regulatory Sandbox cohort, focusing on innovative financial products in areas such as inward remittances, open banking, and remote merchant onboarding. This initiative aims to foster financial-sector innovation while ensuring consumer protection and financial stability, and to guide future regulatory framework adjustments.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2025-08-25•Honduras•Comisión Nacional de Bancos y Seguros de Honduras
The National Banking and Insurance Commission of Honduras announced the conclusion of Rigoberto Osorto Sánchez's second five-year term as Superintendent of Pensions and Securities, effective 2 September 2025. This notification was directed to public pension institutes, pension fund administrators, the stock exchange, broker-dealers, and the private contributions regime.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-25•Egypt•Egypt Financial Regulatory Authority
Prime Minister Mostafa Madbouly appointed Mohamed Sabry as deputy chairman of the board of the Egyptian Exchange for a one-year term. Sabry previously served as Assistant to the Chairman of the Financial Regulatory Authority for capital markets affairs and has extensive experience in trading supervision and securities brokerage.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-25•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority announced the appointment of Dr. Islam Abdel Azim Azzam as chair of the Egyptian Exchange for a one-year term. Azzam previously served as vice chair of the Financial Regulatory Authority and has held various advisory and senior roles in Egypt's financial sector.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-25•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission fined Larraín Vial Activos S.A. Administradora General de Fondos and its former general manager for misleading investors about Series B shares of the Capital Estructurado I Investment Fund, falsely marketed as providing an indirect equity stake in Grupo Patio, while its assets were deteriorated loans. STF Capital Corredores de Bolsa SpA and its former general manager were also fined for similar misrepresentations, and the case has been referred to the Public Prosecutor’s Office for further investigation.
EnforcementInvestigations & enforcement actions
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2025-08-25•Chile•Chile Financial Market Commission
The Chile Financial Market Commission issued regulations on parametric insurance policies, detailing criteria for structuring and presenting these products. The framework specifies qualifying indices, insurable risks, and policy form characteristics, aligning with the Insurance Act. Additionally, amendments to General Rule No. 306 adjust technical reserves for earthquake-specific parametric contracts, incorporating public consultation feedback.
Policy & regulationRules & requirements
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2025-08-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the National Bank of Cambodia held talks in Phnom Penh on macroeconomic conditions, monetary policy, and banking cooperation, including cross-border QR code payment connectivity. They discussed major-economy trade policies, payment technology for domestic-currency transactions, and central bank reforms. The meeting highlighted Vietnam's economic growth, inflation, exchange-rate stability, and SBV's progress in regulatory frameworks and Basel implementation.
Policy & regulationCooperationCross-border cooperation
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2025-08-25•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Region 13 branch held sessions with six state-owned bank branches in Dong Thap to assess conditions and address obstacles, as local credit growth lagged behind national averages. As of July 2025, Region 13's deposits exceeded VND 396 trillion, while outstanding credit surpassed VND 500 trillion. The branch emphasized enhancing preferential lending programs, stronger deposit mobilization, and coordinating with provincial bodies to resolve bottlenecks.
SupervisionSupervision approach, priorities & toolkitOther
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2025-08-25•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) participated in the Rosario Board of Trade’s 141st anniversary ceremony, attended by CNV President Roberto E. Silva and other officials. The event featured Argentina’s President Javier Milei as the main speaker and drew significant attendance from various sectors. The CNV board also held meetings with local market participants, including A3 and Mercado Argentino de Valores.
Other
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2025-08-25•United Arab Emirates•General Pension and Social Security Authority
The UAE's General Pension and Social Security Authority (GPSSA) emphasized employers' obligations to pay social-security contributions for Emirati and GCC nationals via the Ma’ashi digital platform. Contributions must be made between the 1st and 15th of each month, with a 0.1% daily penalty for late payments starting on the 16th. The process supports the UAE’s Zero Government Bureaucracy programme and the unified system for insurance protection.
Policy & regulationGuidance & interpretationOther
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2025-08-25•Moldova•National Bank of Moldova
The National Bank of Moldova reported the banking sector remained financially solid in H1 2025, with asset growth, increased lending, and compliance with prudential requirements. Following the merger of Victoriabank S.A. and Banca Comercială Română Chișinău S.A., Moldova now has 10 licensed banks. The central bank adopted a new leverage ratio regulation aligned with EU and Basel III standards, set at 3%, and partially liberalised foreign exchange operations.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskPrudential risks
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2025-08-25•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank imposed a EUR 2.6 million fine on bunq B.V. for serious deficiencies in anti-money laundering controls, citing inadequate monitoring of high-risk customers and transactions. The fine reflects severe non-compliance with the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act, despite previous enforcement measures. bunq has objected to the decision, which is not yet final.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-08-24•Peru•Central Bank of Peru
The Central Bank of Peru reported that remittances sent by Peruvians abroad reached USD 1,341 million in Q2 2025, marking the highest nominal level since records began and an 8.3% increase from Q2 2024. The United States remained the primary source of these remittances, which accounted for 1.7% of GDP, consistent with the previous year.
Data & statisticsBalance of payments and other external statistics
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2025-08-24•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported the banking sector remains resilient and is expected to stay stable in 2025, despite moderating credit growth. As of July 2025, bank lending grew 7.03% year on year, with sound asset quality and adequate liquidity. OJK highlighted a decline in weighted-average rupiah lending rates and emphasized the need for funding strategies that increase low-cost deposits while avoiding unhealthy rate competition.
SupervisionRisk monitoring & watch pointsAsset qualityFinancial stability and systemic risk
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2025-08-24•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has released a consultation paper for its 2025 review of prudential capital settings, proposing two options to reduce capital ratios compared to 2019 levels. The review, prompted by inquiries into banking competition, will incorporate international benchmarking and involve independent expert analysis, with submissions closing on 3 October 2025 and a final decision expected by year-end.
Policy & regulationRules & requirementsCapital adequacy
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2025-08-24•South Korea•South Korea Financial Supervisory Service
The South Korea Financial Supervisory Service reported that Kospi- and Kosdaq-listed financial companies with assets over KRW 10 trillion have completed the first mandatory XBRL application to financial statement notes for their 2025 semi-annual reports. The requirement will extend to companies with assets above KRW 2 trillion in 2026 and to all listed financial companies by 2027. Listed non-financial firms began filing XBRL-applied notes with 2023 annual reports, now including firms with assets between KRW 500 billion and KRW 2 trillion.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-08-24•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's plan for digital transformation in banking focuses on data interoperability and standardisation. Key actions include developing a regulatory framework for digital transformation, data governance, and electronic identification, alongside synchronising credit information and bank code databases. The plan involves collaboration with the Ministry of Public Security and private firms, with funding strategies distinguishing state-budget items from public-private partnerships.
Policy & regulationImplementation, projects & pilotsData protectionIT management
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2025-08-23•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) refuted claims in the Auditor General of Pakistan’s Consolidated Audit Report 2024-25 about unlawful employee pay revisions and fund deposit failures, asserting compliance with the SECP Act, 1997. SECP clarified that the audit report contains observations, not conclusions, and denied receiving an invitation to a Departmental Accounts Committee meeting. The SECP highlighted its statutory independence and noted that similar past observations were resolved in its favor by the Public Accounts Committee.
Institutional developmentGovernanceAuditing
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2025-08-23•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye has ceased the opening and renewal of FX-protected deposit accounts, excluding YUVAM accounts, effective 23 August 2025. Existing accounts will remain until maturity, after which related Communiqués will be repealed. The CBRT has also abolished the target for transitioning KKM balances to TRY and revised reserve requirement remuneration and commission practices accordingly.
Policy & regulationRules & requirementsCross-border payments
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2025-08-23•Barbados•Central Bank of Barbados
The Central Bank of Barbados, led by Governor Dr. Kevin Greenidge, stressed the importance of boosting the Caribbean's creative industries as a key economic driver, proposing a five-point agenda covering financing, infrastructure, and legal frameworks. Greenidge noted the region's underperformance in the global orange economy, worth over USD 4.3 trillion, citing issues like mismatched funding and infrastructure gaps. He announced the launch of BimPay, Barbados' instant payment system, on 31 March 2026, and highlighted efforts to better measure the sector's GDP and employment contributions.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial inclusion
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2025-08-22•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported growth in commercial bank assets, lending, and customer deposits for July 2025, with increased average interest rates on loans and deposits. Assets rose to EUR 8.85 billion, loans to EUR 6.41 billion, and deposits to EUR 7.07 billion. The loan-to-deposit ratio was 90.69%, and the loan-deposit interest margin narrowed to 3.01%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-22•Panama•Superintendencia de Bancos de Panama
Panama's Superintendency of Banks, with the IMF’s Regional Technical Assistance Center for Central America, Panama, and the Dominican Republic, conducted a technical assistance programme on the Internal Capital Adequacy Assessment Process (ICAAP). The initiative aimed to enhance supervisory capacity and improve capital and risk management in supervised institutions. The programme trained 29 staff members from 18 to 22 August 2025.
Institutional developmentCooperation & capacity buildingCapacity building
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2025-08-22•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority adopted a draft Corporate Governance Code and initiated a public consultation to update governance standards in Montenegro’s capital market. Developed under the Twinning Light project with the Croatian Financial Services Supervisory Agency, the code aims to enhance regulatory frameworks and align with European best practices, emphasizing transparency and accountability.
Policy & regulationRules & requirementsCorporate governance
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2025-08-22•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission received a report from the Committee on Premium Undercutting and Unethical Practices, emphasizing ethical integrity and addressing premium undercutting as a conduct issue. Recommendations include sanctions for culpable parties, a memorandum of understanding among industry stakeholders, and enhanced regulatory oversight. Implementation will follow a thorough review by the Commission.
Policy & regulationReform agendas & prioritiesCorporate governance
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2025-08-22•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay and the Ministry of Economy and Finance announced the end of Alberto Estrada's mandate as president of the Securities Market Promotion Commission (CPMV) on 12 August, acknowledging his contributions. Estrada, appointed in April 2021, played a key role in initiatives that supported legal changes and innovative regulatory processes to strengthen Uruguay's capital market.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-22•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced that trading in Crescent financial instruments (ISIN BE0003836534) on Euronext Brussels will resume on 22 August 2025 at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
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2025-08-22•Dominican Republic•Pensions Superintendency (SIPEN)
SIPEN awarded completion certificates to 30 DGJP staff for a diploma on Regulation, Investments, Workers, and Savings (R.I.T.A.). This initiative enhances pension expertise and fosters continuous improvement, with participants expected to share knowledge. Superintendent Francisco A. Torres emphasized strengthening public servants' understanding of the pension system.
Institutional developmentCooperation & capacity buildingCapacity building
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2025-08-22•Ukraine•National Bank of Ukraine
The National Bank of Ukraine released an article by First Deputy Governor Sergiy Nikolaychuk on the introduction and evolution of inflation targeting in Ukraine. It discusses conditions and innovations during implementation, the rationale for a 5% medium-term inflation target, and the regime's performance before the full-scale invasion. The article also outlines major monetary policy shifts since February 2022 and future strategic priorities.
Monetary policyMonetary policy framework & strategy
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2025-08-22•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority and the Chartered Institute for Securities & Investment have launched a training and licensing pathway to enhance professional standards in Rwanda’s capital market. The Rwanda Market Licensing Pathway is a three-level programme including foundational market knowledge, a Rwanda-specific regulatory module, and specialised technical units. This initiative follows a CMA Circular mandating Continuing Professional Development for maintaining professional licensing.
Policy & regulationRules & requirementsCapacity building
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2025-08-22•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved a draft law to update compliance procedures for anti-money laundering and related financial monitoring. It issued supervisory, registration, and licensing decisions, including investor warnings, amendments to prior decisions, and asset-blocking sanctions. Key actions involved licensing approvals, terminations, and securities registration for various entities.
SupervisionAuthorisations & approvalsLicensing framework and process
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2025-08-22•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market announced progress in returning blocked assets to clients of Freedom Finance Ukraine LLC, with 62 applications processed by the National Depository of Ukraine and depository institutions. The asset recovery process began on 15 August 2025, following data verification by the Central Securities Depository. The Commission also released an infographic to aid understanding of the process.
Policy & regulationImplementation, projects & pilotsClient asset custody and safekeeping
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2025-08-22•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its Summary Balance Sheet Statement as of 31 July 2025.
Data & statisticsFinancial and market indicators
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2025-08-22•Mexico•Ministry of Finance & Public Credit (Mexico)
Mexico's Ministry of Finance appointed Ángel Cabrera Mendoza as President of the National Banking and Securities Commission (CNBV), effective 1 September. Cabrera Mendoza has held senior roles in federal public administration and financial regulatory functions within the Ministry. His role will focus on the CNBV's statutory responsibilities, including regulation issuance, compliance monitoring, and financial system supervision, emphasizing anti-money laundering oversight.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-22•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported on Indonesia Saving Day and Financial Literacy Month 2025, highlighting efforts to promote saving habits and financial literacy. The KEJAR programme resulted in nearly 88% of Indonesian students holding savings accounts, with significant new account openings and outreach activities. Financial Literacy Month featured extensive events and campaigns, culminating in awards recognizing contributions to financial education and inclusion.
Financial literacy & educationFinancial literacy and education
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2025-08-22•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has created a framework for "Infrastructure Schemes" as a new mutual fund category under open-end collective investment schemes. Developed with the Mutual Funds Association of Pakistan, it allows Asset Management Companies to classify these schemes as equity, debt, or hybrid funds, focusing on sectors like energy, transport, and social infrastructure. Key rules include minimum fund sizes, seed capital requirements, periodic subscription and redemption windows, and management fee caps.
Policy & regulationRules & requirementsMarket development
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2025-08-22•Australia•Australian Securities & Investments Commission
Former financial adviser Marion Joan Pearson appeared in Perth Magistrates Court on charges of misappropriating approximately AUD 4.1 million from 13 clients. The 136 counts of stealing between 2009 and 2013 follow an ASIC investigation and extradition from New Zealand. Pearson, banned from providing financial services since 2015, was remanded in custody pending her next court appearance.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-22•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) reported a 14.2% increase in total direct premiums to over EUR 7.9 billion in Q2 2025, despite a 16.4% drop in direct payments to EUR 4.44 billion. Life premiums rose 19.4%, driven by a 46.6% increase in linked life business, while non-life premiums grew 9.7%, led by disease and fire insurance. The estimated Solvency Capital Requirement and Minimum Capital Requirement coverage ratios fell to 210% and 558%, respectively.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-22•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC has mandated Binance Australia, operated by Investbybit Pty Ltd, to appoint an external auditor due to concerns over its AML/CTF controls. Issues include limited review scope, high staff turnover, inadequate resourcing, and insufficient management oversight. AUSTRAC stressed robust customer identification, due diligence, and transaction monitoring, urging vigilance against scam- and cybercrime-linked money laundering and terrorism financing.
SupervisionInterventionsAML and CFTCorporate governance
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2025-08-22•Laos•Bank of the Lao
The Bank of the Lao PDR hosted a courtesy visit from the International Finance Corporation (IFC) to discuss ongoing programmes, particularly the Green Finance Development programme, Phase II. The Governor expressed gratitude for IFC's cooperation and interest in future technical support.
Policy & regulationCooperationOther
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2025-08-22•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia shared remarks by Deputy Superintendent Alexander Campos at the IV National Congress of Mutual Investment Funds, highlighting mutual funds' role in strengthening Colombia's capital markets. Campos noted that 44 mutual funds manage COP 1.26 trillion, with portfolios primarily in Certificates of Term Deposit and diversifying into other investments. He emphasized mutual funds as a means to enhance and promote collective saving mechanisms.
SupervisionRisk monitoring & watch points
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2025-08-22•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) has ordered the dissolution of Cooperativa de Ahorro y Crédito APROCREDI LIMITADA, with eligible deposits protected and paid through the Cooperative Deposit Insurance Fund (FSDC). Deposits are insured up to PEN 5,000 per depositor under Law No. 30822 and SBS Resolution No. 5061-2008. Payouts start on 22 August via Banco de la Nación offices, with an online list detailing members included in the first stage.
SupervisionAuthorisations & approvalsOther
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2025-08-22•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority hosted the third Financial Leadership Training Program, focusing on macroeconomic and financial stability. Over 40 senior representatives from ASEAN+3 and SEACEN member economies discussed local currency usage, carbon markets, and fintech. HKMA Deputy Chief Executive Darryl Chan emphasized the program's role in enhancing regional collaboration and leadership skills.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-22•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America approved Bolivia's Second Technical Compliance Re-Rating Report, updating the country's compliance ratings. Recommendation 7 was upgraded to "Compliant," and Recommendations 24 and 35 to "Largely Compliant," reflecting progress in addressing previous deficiencies. Additional measures to enhance Bolivia's Anti-Money Laundering and Countering the Financing of Terrorism framework were also noted.
Policy & regulationPeer reviews and country evaluationsAML and CFTCompliance
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2025-08-22•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 reissued the licence for JSC Alatau City Invest, formerly JSC First Heartland Jusan Invest, to operate in the securities market following its name change.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-22•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 has terminated actuarial activity licence No. 2.4.89, originally issued to Pak Eleonora Valeryevna in 2011. This action follows the licensee's voluntary application for termination.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-22•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released its quarterly "Funds Bulletin," providing aggregate statistical data on the Isle of Man funds sector.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-22•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) directed insurers to clarify their application of driving-behaviour levels in underwriting EV motor insurance. Many policies were renewed at level 1 without premium discounts. The OIC emphasized compliance with Registrar Order No. 47/2566, requiring insurers to inform customers of discounts, obtain consent for driving data checks, and maintain documentation. Insurers were warned to act swiftly to prevent policyholder disadvantage, with the OIC prepared to enforce compliance.
SupervisionReviews, inspections & stress testsOther
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2025-08-22•Mexico•CONDUSEF
Mexico's CONDUSEF issued an urgent alert about scams using public figures' identities and AI to promote false investment ads. These scams promise high returns, use fake verified accounts, and seek personal data through social media. CONDUSEF advises verifying financial institutions in its SIPRES directory and avoiding suspicious links and transactions on platforms like Facebook and WhatsApp.
SupervisionAlertsFraud and scams
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2025-08-22•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported identity theft and impersonation cases involving 12 registered financial institutions. Impersonators used the institutions' names, branding, and sometimes tax data to deceive individuals seeking financial services. CONDUSEF advised users to verify providers through the System of Registry of Financial Service Providers (SIPRES).
SupervisionAlertsFraud and scams
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2025-08-22•South Africa•South Africa Financial Sector Conduct Authority
The South Africa Financial Sector Conduct Authority (FSCA) issued a warning against a fraudulent syndicate on WhatsApp, falsely claiming affiliation with the FSCA and the Johannesburg Stock Exchange (JSE). The group, "A503 Stock Growth Community," impersonates JSE officials and promotes unauthorised investment schemes. The FSCA advises the public to verify the legitimacy of financial service providers and ensure they are authorised by the FSCA.
SupervisionAlertsFraud and scams
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2025-08-22•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) participated in the 13th International Congress of the Brazilian Institute of Construction Law, discussing the impact of new legislation on the construction insurance market. Director Jéssica Bastos emphasized SUSEP's focus on regulatory alignment to enhance risk mitigation and ensure insurance serves as an effective protection tool in civil construction.
Policy & regulationGuidance & interpretationOther
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2025-08-22•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan convened the fourth interagency working group meeting to enhance official statistics for the ICT sector and digital product exports. Discussions included data reporting, statistical register improvements, and crime prevention in the IT sector. The bank expressed support for coordinated information systems and unified reporting standards to improve data reliability and transparency.
Policy & regulationImplementation, projects & pilotsFintech and insurtechSupervision process and methodologies
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2025-08-22•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines amended regulations to adopt the Global Master Repurchase Agreement for its repurchase and reverse repurchase facilities, including transactions under its Overnight Lending Facility. The changes apply to banks and quasi-banks, with provisions for USD-denominated repo agreements and updated payment and settlement procedures. Participating entities are responsible for taxes, and the BSP will provide necessary tax forms for withholding.
Policy & regulationRules & requirementsMarket infrastructureTrading
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2025-08-22•Europe•European Central Bank
The European Central Bank's weekly statement reported total assets and liabilities of EUR 6,084,159 million, an increase of EUR 5,232 million from the previous week. Key changes include a decrease in securities held for monetary policy purposes by EUR 826 million and an increase in liabilities to euro area credit institutions related to monetary policy operations by EUR 12,527 million. Banknotes in circulation decreased by EUR 3,849 million.
Data & statisticsBalance of payments and other external statistics
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2025-08-22•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) has authorized the creation of Horizon Prev, a new closed supplementary pension entity by Companhia Jaguari de Energia. The entity will consolidate six existing pension plans, with projected social assets exceeding BRL 3.5 billion and 8,700 participants. Future requests for incorporation or plan migration will be evaluated to safeguard participant and beneficiary assets.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-22•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released BDCB Policy Statement 1/2025, which is also available in Malay.
Policy & regulationGuidance & interpretationOther
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2025-08-22•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines, with the Securities and Exchange Commission, Insurance Commission, and Philippine Deposit Insurance Corporation, concluded its Fourth Financial Conglomerate Supervisory College, presenting results to the Financial Sector Forum (FSF). The college focused on risk identification, aligning supervisory frameworks, and developing joint supervisory plans. FSF principals agreed to initiate a fifth college in the second half of 2025.
SupervisionCooperationSupervision process and methodologies
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2025-08-22•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority issued a warning about a rise in social media investment scams using fake profiles and deepfake videos to impersonate public figures, steering victims into fraudulent WhatsApp groups and trading platforms. The FMA advises against clicking links, sharing personal information, or downloading apps, and urges victims to contact their bank and report the scams.
SupervisionAlertsFraud and scams
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2025-08-22•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Technology and Digital Transformation Department is seeking quotations for a project to upgrade hardware infrastructure and migrate critical application systems to a virtualisation platform. These quotations will inform the cost basis for design, budgeting, and supervision of the project.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-08-22•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has requested quotations for a procurement package to support a project aimed at replacing solutions for the safety and security of its IT systems. These quotations will help determine costs for the project's detailed design, budget estimate, and implementation supervision.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-08-22•Philippines•Philippines Insurance Commission
The Financial Sector Forum, including the Bangko Sentral ng Pilipinas and the Philippines Insurance Commission, concluded its Fourth Financial Conglomerate Supervisory College to enhance cross-sector monitoring and financial stability. The college involved discussions to assess risks, align supervisory frameworks, and develop a supervisory plan prioritizing key subsidiaries. A fifth supervisory college is planned for the second half of 2025.
SupervisionCooperationSupervision process and methodologies