Peru's Superintendence of Banking, Insurance and Pension Fund Administrators released a "Finanzas para ti" podcast episode with Magno Condori, Head of Information Systems and Technology Risks, focusing on cybersecurity. The episode outlines key steps for protecting personal data and savings from digital fraud.
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent websites, fake internet banking login screens, and phishing emails involving six banks, including The Bank of East Asia and HSBC. The alert emphasizes that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS.
The Bulgarian National Bank refuted claims by the political party We Continue the Change that it cannot protect Bulgaria’s banking system from individuals sanctioned under the Magnitsky regime, labeling the claims as political pressure. The bank emphasized that disclosing banking secrecy outside legal procedures would breach the law and highlighted a legal vacuum regarding third-country sanctions. It affirmed its commitment to the current legal framework, noting that any new responsibilities must align with European System of Central Banks regulations.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan denied consent for Gulmira Zhumadil's appointment as head of the management body in the securities market, as per protocol No. 263/RCB/T.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan granted JSC Altyn Adam Associates licence No. 3.4.6 to conduct banking operations in foreign currency, following Deputy Chair order No. B-202.
The Federal Reserve Bank of Boston summarized President Susan M. Collins’ visit to Maine, where she engaged with local leaders on economic conditions and innovations. Key discussions included workforce participation barriers, such as child care access and labor shortages, and technology-driven rural health care expansion. Collins also addressed housing affordability and highlighted local initiatives in diagnostics and entrepreneurship.
The Thailand Office of Insurance Commission (OIC) hosted an Intensive Bootcamp as part of the OIC InsurTech Award 2025, selecting 10 finalist teams from over 400 applicants. The bootcamp aimed to enhance participants' skills in prototype development and market strategies, with finalists divided into student and general public tracks. The final competition will occur on 25 August 2025, chaired by OIC Secretary-General Chuchart Pramulpol.
The Brazilian Superintendence of Private Insurance (SUSEP) released its June 2025 bulletin, reporting a 1.67% nominal revenue decrease to BRL 206.06 billion for the first half of 2025, while claims and payouts rose 9.96% to BRL 131.31 billion. Damage and personal insurance generated BRL 106.91 billion, with motor insurance leading at BRL 28.92 billion. Accumulation products saw a 13.93% nominal decline in contributions to BRL 82.26 billion.
The Brazilian Superintendence of Private Insurance (SUSEP) issued Resolution No. 55/2025, setting reference contractual conditions for rural insurance plans eligible for federal subsidies under the Rural Insurance Premium Subsidy Programme. Effective 1 September 2025, the resolution aims to streamline SUSEP’s product review process, reduce information asymmetries, and improve policy clarity. It is the first rule aligned with Law 15.040, effective 10 December 2025.
The Central Bank of the Philippines announced the revocation of RGC Employees Savings and Loan Association, Inc.'s licence to operate as a non-stock savings and loan association. This decision was made under Monetary Board Resolution No. 574, in accordance with Section 22 of Republic Act No. 8367.
At a public hearing, PREVIC director-superintendent Ricardo Pena addressed the 2024 deficit in Previ-BB’s Plan 1, emphasizing the long-term nature of pension investments and Brazil's closed pension fund system's high solvency. He detailed PREVIC's supervisory approach, highlighting continuous oversight and a supervisory escalation framework, attributing the deficit to economic fluctuations. Pena also outlined plans to expand pension coverage, integrate ESG criteria, and refine supervision through segmentation.
The Superintendency of Banks of the Dominican Republic issued Circular CSB-REG-202500014 mandating financial entities to allow product cancellation through the same channels used for sign-up, including remote options, within seven business days. Firms must halt new charges upon receiving a cancellation request and inform customers of outstanding balances. Non-compliance may result in sanctions under Law No. 183-02 and the Monetary Board’s regulations.
The Central Bank of the Philippines (BSP) warned consumers against entities falsely claiming BSP affiliation. The bank stressed that BSP personnel do not offer loans, solicit funds, or request sensitive financial information, and it does not maintain deposit accounts for individuals. Consumers should verify BSP connection claims and report suspected fraud directly to the BSP.
The Bangko Sentral ng Pilipinas (BSP) issued a warning advising consumers to avoid dealings with entities falsely claiming affiliation with the BSP. The advisory clarifies that the BSP does not provide loans, solicit donations, or manage individual deposit accounts. The public is urged to verify claims and report fraudulent activities to the BSP.
The Central Bank of the Philippines welcomed Rating and Investment Information, Inc.'s affirmation of the Philippines' “A-” investment-grade sovereign rating with a “stable” outlook, supported by growth, low inflation, and a strong external position. R&I noted 5.7% growth in 2024 and a six-year low inflation rate of 0.9% in July 2025, with limited impact from US tariffs. The stability of the banking sector and alignment with other credit rating actions were highlighted.
The Vietnam State Securities Commission has instructed individuals listed in an attached notice to pay a VND 1,000,000 fee for securities practitioner certificates, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly at the Commission. Failure to complete the certificate collection within one year of the fee notice will result in cancellation of the certificate.
The Reserve Bank of Malawi has published a list of financial institutions licensed and registered to operate in Malawi as of 30 June 2025. The notice advises customers to transact only with listed entities and requires these institutions to display their licence or registration certificate prominently. The register includes a wide range of financial entities, from banks and microfinance institutions to insurance companies and pension entities.
The Reserve Bank of Malawi has implemented the Foreign Exchange (Repatriation of Export Proceeds) Directive, 2025, mandating exporters to repatriate proceeds within 120 days of exportation. Non-compliance may result in penalties of 150% of the export value, deregistration, and potential fines or imprisonment. Exporters unable to meet the deadline must apply for an extension through their authorised dealer bank.
The Brazil Securities Commission (CVM) fined three individuals BRL 2.3 million each for front running trades on B3 involving BB Gestão de Recursos DTVM S.A. The CVM also proposed fines in a separate case concerning alleged fraudulent operations in a private equity fund, but proceedings were suspended following a review request. Additionally, the CVM acquitted BDO RCS Auditores Independentes SS in an audit case related to financial statements.
The Guernsey Financial Services Commission issued a sanctions notice designating eight individuals and entities under the UK's Russia (Sanctions) (EU Exit) Regulations 2019, subjecting them to asset freezes and trust services sanctions in Guernsey. Firms must freeze assets related to these designated persons and report findings to the States of Guernsey Policy & Resources Committee. Additionally, firms must avoid providing funds or resources to these individuals unless permitted by a derogation or licence.
The Financial Services Regulatory Authority of Ontario (FSRA) released its second annual report on private residential mortgage lending, noting a slight decline in activity in 2024 despite its continued importance for borrowers facing affordability challenges. Lower interest rates led to increased traditional mortgage options and a modest rise in overall mortgage activity in Ontario. The report aims to guide FSRA's supervision priorities, focusing on private mortgages amid rising delinquency rates.
The World Federation of Exchanges (WFE) released an Exchange Manifesto emphasizing exchanges' and clearing houses' roles in economic growth, financial inclusion, and stability, urging government and regulatory support. It outlines ten core contributions, including promoting financial security, supporting corporate prosperity, and attracting international investment, while warning against the decline of public markets.
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, advocates for Federal Reserve reforms in a Wall Street Journal op-ed, emphasizing transparency, ethics, and oversight. She proposes an independent inspector general, stronger ethics rules, and changes to regional Reserve Banks' governance. Warren also criticizes the Federal Reserve's role in subsidizing Wall Street and urges legislative action this fall.
The Central Bank of Iceland will release the Monetary Policy Committee statement on 20 August 2025 at 08:30, followed by the Monetary Bulletin at 08:35, with a press conference at 09:30 to discuss both.
The Central Bank of Iceland's Monetary Policy Committee unanimously decided to maintain the key interest rate at 7.50%, citing robust economic activity and inflation expectations above target. Future rate cuts will depend on inflation aligning closer to the 2.5% target, with near-term policy guided by developments in economic activity, inflation, and expectations.
The Central Bank of Iceland's Monetary Bulletin 2025/3 maintains the interest rate at 7.5% and revises GDP growth for 2025 to 2.3%, up from 1%, due to stronger domestic demand and base effects. Inflation is expected to remain above target through 2026, with key uncertainties including trade tensions and geopolitical conflicts impacting the economic outlook.
The Central Bank of Iceland released a discussion report evaluating pension funds' market activities and suggesting amendments to the Pension Fund Act and other regulations, focusing on financial stability, supervision, and systemic risks.
Federal Reserve Board Governor Christopher J. Waller emphasized the private sector's role in payments innovation, highlighting advancements in instant payments, digital wallets, stablecoins, and AI. He noted stablecoins' potential to enhance the dollar's international role and improve payments, advocating for a U.S. regulatory framework following the GENIUS Act. Waller also discussed AI's role in fraud detection and the Federal Reserve's research into tokenization and smart contracts.
The Financial Supervisory Authority of Norway's quarterly review highlights a mixed use of flexibility quotas under the Lending Regulations in Q2 2025. Deviations in new residential mortgages outside Oslo increased slightly, while those in Oslo remained unchanged. Deviations for consumer loans decreased, but rose slightly for loans secured on non-housing collateral.
The Chile Financial Market Commission (CMF) selected seven projects for joint studies from nine proposals submitted earlier this year. The studies will explore credit information regimes, gender discrimination in credit markets, and the resilience of Chile’s interbank network. Research must adhere to CMF conditions, including participation by at least one internal researcher, with no payments to external researchers.
The Chile Financial Market Commission (CMF) has initiated a consultation on Regulatory File proposals detailing supervisory reporting requirements under General Rule No. 526 for General Fund Managers and other portfolio managers. The proposals include new reporting templates covering business volume, customer numbers, equity requirements, and crypto risk-weighted assets. Implementation of General Rule No. 526 has been postponed to 1 July 2026 to allow firms time for necessary adjustments.
The Central Bank of Sri Lanka issued new directions under the Microfinance Act requiring Licensed Microfinance Companies (LMFCs) to establish a structured credit risk management framework. This includes board-approved strategies, governance structures, and specific prudential limits on credit exposures, with prohibitions on accommodations to certain related parties. The previous regulatory framework for accommodations is revoked effective 1 January 2026, with a transition period until 1 July 2026 for compliance.
The Financial Supervisory Authority of Norway's report on Folkeinvest AS highlighted deficiencies in quality assurance of issuer budgets and risk descriptions, failing investor protection standards under the Securities Trading Act. It criticized overly optimistic revenue projections and insufficiently documented subscription price bases. Folkeinvest has since improved budget quality assurance, valuation controls, and risk information accessibility.
The Norwegian Financial Supervisory Authority's inspection report on Stavanger Asset Management AS and its agent Noon Invest AS found deficiencies in their digital investment advice process, including non-compliance with suitability requirements and inadequate cost disclosures. It highlighted misleading client communications and insufficient documentation of investment-related interactions. The Authority has requested the firm to forward the report to its auditor.
FATF President Elisa de Anda Madrazo addressed the UN Security Council, emphasizing the need to enhance global counter-terrorist financing (CFT) efforts, particularly in digital transformation and virtual assets. The FATF's June 2025 update highlights misuse of financial systems and social media for terrorist financing, with increased virtual asset use and lone actor threats. Key priorities include strengthening CFT standards, closing loopholes, and expanding outreach to non-traditional stakeholders.
The State Bank of Vietnam's Banking Times hosted a roundtable in Hanoi on AI in banking policy communication and product development amid digital transformation. Participants emphasized ethical AI principles, governance, and collaboration among banks, fintechs, and regulators. The findings aim to guide effective, safe, and sustainable AI applications in banking.
The Bank of Cape Verde published its quarterly data on the Cape Verdean banking system's key financial and prudential indicators as of June 2025. The information is available in an Excel file, detailing the balance sheet, income statement, and financial stability indicators.
The Argentina Securities Commission (CNV) approved General Resolution No. 1080, updating assets for liquid counterpart and Guarantee Fund III requirements, and amending capital requirements for markets and clearing houses. The resolution prioritizes liquidity, adds new instruments, formalizes recognized assets, and sets solvency and liquidity guidelines for registered agents. It aligns capital compliance for Global Investment Advisory Agents with other categories under the existing framework.
The Argentina Securities Commission (CNV) issued General Resolution No. 1081, expanding its tokenization regime to include shares, corporate bonds, and CEDEARs. The resolution allows Virtual Asset Service Providers and Comprehensive Clearing and Settlement Agents to participate in the digital representation process. A one-year regulatory sandbox will test the framework, with potential adjustments by CNV post-evaluation.
The China Banking and Insurance Regulatory Commission has launched a public consultation on draft Measures for commercial bank M&A loans, replacing the 2015 guidelines. The proposal expands eligible transactions, introduces differentiated bank qualification requirements, and adjusts loan terms, emphasizing repayment-capacity assessment. The draft extends M&A loan applicability to minority-stake acquisitions and relaxes conditions by increasing financing caps and loan tenors.
The Qatar Financial Centre (QFC) reported a 64% year-on-year increase in firm registrations in H1 2025, reaching 3,300 firms, driven by reforms such as a simplified incorporation process and reduced licensing fees. Corporate and Investment Banks contributed to a 19% increase in assets under management. QFC also highlighted partnerships and initiatives, including the Innovation Dome and the launch of the QFC Metaverse.
Switzerland's State Secretariat for Economic Affairs (SECO) updated the SESAM sanctions database and amended the list of sanctioned entities under the Ordinance on Measures against Libya. This follows a decision by the United Nations sanctions committee to change its listings, with the update directly applicable in Switzerland.
The Bank of Korea published its International Investment Position statistics for Q2 2025, detailing the net international investment position, external assets, and external debt.
The Central Bank of Taiwan reported a Q2 2025 current account surplus of USD 36.23 billion, with a USD 13.07 billion year-on-year increase driven by a rise in the goods trade surplus. The financial account saw a net asset increase of USD 18.53 billion, with notable movements in direct and portfolio investments. Reserve assets increased by USD 16.00 billion.
The National Bank of Moldova reported that from January to July 2025, cash withdrawals from bank cash desks exceeded receipts by MDL 3,426.0 million. Cash receipts increased by 5.3% year-on-year to MDL 103,130.8 million, while withdrawals rose by 5.8% to MDL 106,556.8 million. Notable changes included a 4.5% increase in receipts from consumer goods sales and an 18.2% rise in cash credited to individuals' accounts.
The National Bank of Moldova reported July 2025 statistics showing new loans of MDL 7,014.6 million, a 0.9% increase from June. MDL-denominated loans comprised 76% of new lending, with an average nominal rate increase to 9.35%, while foreign-currency loan rates decreased to 5.13%. Household borrowing rose 4.3% to MDL 2,604.9 million, primarily for consumption, as mortgage rates increased to 8.25%, and legal-entity credit demand fell 0.9%.
The National Bank of Moldova reported a total of MDL 3,843.2 million in newly attracted term deposits for July 2025, marking an 11.6% increase from June. Deposits in Moldovan lei comprised 72.0% of the total, with an average nominal rate increase to 4.81%, while foreign-currency deposits saw a rate decrease to 1.32%. Household deposits rose significantly by 17.8%, whereas corporate lei deposits fell by 15.3%.
The Isle of Man Treasury has added eight entries to the UK Consolidated List under the Russia sanctions regime, effective via the Sanctions (Implementation of UK Sanctions) Regulations 2024. These individuals and entities face asset freezes and trust services sanctions. Relevant parties must freeze assets, verify against the UK Sanctions List, and report any breaches or blocked transactions to the Financial Intelligence Unit.
The Central Bank of the UAE has revoked Malik Exchange's licence, removed it from the Register, and imposed a financial penalty of AED 2 million for breaches of anti-money laundering and counter-terrorist financing regulations. This enforcement action follows examinations revealing non-compliance with the UAE's AML/CFT framework under Article 14 of Federal Decree Law No. 20 of 2018.
The Saudi Arabia Capital Markets Authority (CMA) has revoked Edraj Capital Company's licence for arranging and advising in securities due to non-compliance with fit and proper requirements. The CMA advises against engaging with Edraj Capital to safeguard market integrity and protect investors from illegal financial practices.
The Central Bank of Colombia announced that CREZCAMOS S.A. Compañía de Financiamiento has been authorized as a new participant in CENIT, as per External Circular Letter DSP-0176.
The Central Bank of Montenegro held a workshop for banking representatives on instant payments, preparing to introduce a TIPS Clone system based on the European Target Instant Payment Settlement model. The system aims to facilitate 24/7/365 real-time payments from July 2026. This initiative is part of the central bank's broader effort to modernize the financial sector and integrate Montenegro into the European financial ecosystem.
The Angola Capital Markets Commission has approved the registration of MOON CAPITAL ANGOLA – Women Empowerment Fund, a closed-end venture capital fund offered by private subscription. The fund aims to promote gender equality through investments in equity, debt instruments, and guarantees, aligning with the United Nations Women’s Empowerment Principles.
The Bank of Israel released an updated statistical series on expected inflation, showing one-year inflation expectations of 1.6% from the capital market, 1.9% from professional forecasts, and 2.1% from internal interest rates and inflation contracts. The report details the methodology for deriving these expectations, noting potential biases in market-based measures and highlighting greater-than-usual biases in January 2024.
Mexico's National Banking and Securities Commission (CNBV) reported the multiple banking sector's capitalisation index (ICAP) at 20.00% as of end-June 2025. The Basic Capital Coefficient was 17.91%, and the Fundamental Capital Coefficient was 16.58%.
Panama’s Superintendency of the Securities Market has extended the consultation period for stakeholders to provide input on the comprehensive review of the Securities Market Law. This extension is part of a broader initiative to update and modernize the regulatory framework.
The Belgium Financial Services and Markets Authority has suspended trading in Crescent's financial instruments on Euronext Brussels, effective 19 August 2025 at 09:00 CET. The suspension applies to instruments with ISIN BE0003836534 and will continue until a press release is issued.
The Ukraine National Commission on Securities and Stock Market advanced rulemaking initiatives and supervisory decisions, including senior appointments at market participants and approvals of securities offerings. Key actions involved amending resolutions, endorsing a draft letter for OECD accession, and approving draft laws on seals and sustainable development reporting. Authorisations included appointments at several LLCs, bond issue registrations, and share issue approvals for various entities.
De Nederlandsche Bank reported a significant rise in Dutch households' direct investments in defence companies, increasing from EUR 87 million in January 2023 to EUR 832 million by Q2 2025. Share price gains accounted for 56% of this increase, with Rheinmetall comprising 63% of the exposure. Direct investments in defence companies represent about 1.3% of households' direct listed equity portfolio, while total securities holdings rose to EUR 193.9 billion in Q2 2025.
The Angola Insurance Authority (ARSEG) and Angola's General Labour Inspectorate (IGT) signed a cooperation protocol to enhance worker protection and compliance with laws on Accidents at Work and Occupational Diseases. ARSEG emphasized SATDP as a key tool for employer accountability and worker protection, while IGT focused on safeguarding employee rights. The partnership aims to bolster workplace safety and improve legislative application.
Mexico’s Ministry of Finance announced agreements to transfer significant operations of CIBanco and Intercam Banco after temporary interventions by the National Banking and Securities Commission. CIBanco's trust division will move to Banco Multiva, while Kapital Bank will acquire substantial operations of Intercam Grupo Financiero. These transactions aim to protect depositors' rights and ensure service continuity, pending regulatory approval.
The Bank of Italy released updated Balance of Payments and International Investment Position statistics for June 2025.
Indonesia's Financial Services Authority (OJK) and the Task Force for the Eradication of Illegal Financial Activities (Satgas PASTI) have launched a National Campaign to combat scams and illegal financial activities, emphasizing public awareness and enforcement. Supported by the Indonesia AntiScam Center (IASC), which has processed 225,281 scam reports and blocked 72,145 accounts, victim losses total IDR 4.6 trillion. Key workstreams include prevention, accelerated report handling, law-enforcement coordination, and international collaboration.
Indonesia’s Financial Services Authority (OJK) hosted the Risk and Governance Summit 2025 in Jakarta, emphasizing Governance, Risk, and Compliance (GRC) for financial stability and sustainable growth. OJK Chair Mahendra Siregar stressed cross-sector integration and responsive regulation amid rising digitalization and risks like cybercrime. The summit featured expert panels and launched an Innovation Paper Competition, drawing significant participation from students and professionals.
The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Business Council (PBC) agreed to enhance cooperation through quarterly meetings to strengthen Pakistan’s corporate sector and capital markets. SECP highlighted reforms like digitalized company incorporation, transparency measures, and new frameworks for capital markets, while discussions also covered sustainability and inclusion initiatives. PBC emphasized keeping corporate social responsibility voluntary and aligned with ESG principles.
The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Mercantile Exchange (PMEX) discussed PMEX's strategic plan for developing the commodities futures market. Key topics included enhancing regulatory frameworks, governance, and transparency, as well as promoting agricultural commodity futures trading and broader market participation. The use of Electronic Warehouse Receipts was also highlighted to improve market efficiency.
The Australian Securities & Investments Commission (ASIC) urges life insurers to improve product design, sales, retention, and complaints handling. A review from July 2021 to June 2024 found deficiencies, including doubled dispute rates since 2018. Recommendations include using customer feedback, enhancing quality assurance, linking sales remuneration to compliance, and treating complaints as business intelligence. ASIC may investigate or act based on insurers' responses.
The People's Bank of China raised its relending quota for agriculture and small businesses by CNY 100 billion to support flood-control, disaster-relief, and reconstruction in affected regions. The initiative targets increased lending to micro and small enterprises, self-employed businesses, and agricultural entities in areas like Beijing, Hebei, and Shandong. The central bank will ensure provincial branches use the quota to align financing with flood-relief and reconstruction needs.
The National Bank of Ukraine has expanded the list of benchmark domestic government debt securities that banks can use to meet up to 60% of their reserve requirements, adding a new Ministry of Finance bond effective 20 August 2025. This measure aims to support banks' participation in Ministry of Finance auctions and state budget financing. The updated list, comprising 18 issues, was approved by NBU Board Decision No. 283.
The Bank of Portugal released updated balance of payments and international investment position statistics through June 2025, showing an external surplus of EUR 2.265 billion, down EUR 1.976 billion from the same period in 2024. The net international investment position was -58.7% of GDP at end-June 2025, with net external debt declining to 43.3% of GDP, the lowest since December 2004. The surplus decline was driven by a wider goods deficit and lower secondary income surplus, partially offset by an increased services surplus.
The Financial Industry Regulatory Authority (FINRA) announced the election of J. Bradford Eichler as Large Firm Governor and Erin Baskett as Small Firm Governor on its Board of Governors. Eichler and Baskett will fill seats vacated by Penny Pennington and Linde Murphy, respectively. FINRA's Board consists of 22 members, with a majority designated for public members, 10 for industry members, and one for FINRA’s CEO.
The Bank of the Lao held its second Management Council meeting for 2025, chaired by Governor Bounkham Vorachit, to review progress and set priorities for the year. The meeting emphasized achieving monetary targets, strengthening the banking system, and modernizing the payments system. All agenda items were approved.
The Australian Financial Complaints Authority (AFCA) expelled six members for insolvency or non-payment and plans to expel two more for losing authorization, with specific dates set for Next Generation Advice Pty Ltd and Bluebird Private Equity Pty Ltd. Expelled members required to maintain AFCA membership for legal compliance are advised to seek reinstatement by addressing the issues that led to their expulsion.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has integrated its financial literacy project, Fingramota.kz, into the Egov.kz e-government platforms. This integration aims to enhance access to information on debt restructuring, financial fraud protection, and investment opportunities, supporting state policy on financial literacy and responsible finance management.
The Thailand Office of Insurance Commission held an "Insurance Alert" seminar in Ratchaburi to boost insurance literacy among SMEs and the public, focusing on risk management and fraud prevention. The agenda covered insurance principles for SMEs and fraud patterns, emphasizing aligning insurance products with local economic conditions. This initiative is part of an annual program started after the 2011 floods, now extending outreach to educational institutions.
The National Bank of the Republic of Tajikistan's chairman, Firdavs Tolibzoda, held a virtual meeting with Moody’s Investors Service analysts to discuss Tajikistan’s upcoming sovereign credit rating review. Discussions included economic trends, financial system resilience, and measures for financial stability and structural reforms. Tolibzoda expressed hopes that these factors will positively influence the next rating review.
The National Bank of the Republic of Tajikistan has re-registered and issued a new banking operations licence to the microcredit deposit organisation “Doro Moliya” following its name change from “Doro Pay.” The previous licence, which allowed operations in both national and foreign currencies, has been withdrawn. This action complies with Tajikistan’s laws on the National Bank, microfinance organisations, and the licensing system.
The Bank of Spain released updated supervisory statistics for Q1 2025, showing strengthened regulatory capital and improved asset quality among credit institutions. Key metrics include a Common Equity Tier 1 ratio of 13.66%, a leverage ratio of 5.72%, and a liquidity coverage ratio of 171.33%, all indicating robust financial health. The non-performing loan ratio decreased to 2.86%, while the annualised return on equity rose to 14.43%.
The Central Bank of Curaçao and Sint Maarten (CBCS) has launched a survey of the construction sector in Curaçao and Sint Maarten to enhance its economic analysis, with findings to be included in the CBCS Economic Bulletin. Developed with local Chambers of Commerce, the survey aims to gather data on business performance, economic conditions, and future expectations, building on a previous manufacturing sector survey for comparative analysis.
The Central Bank of the Philippines issued a warning about fraudulent documents falsely appearing to be from the bank or its officials. These documents may feature the BSP logo and forged signatures, aiming to deceive recipients into providing money or personal information. The bank advises vigilance and verification of financial communications, urging the public to report suspicious activity through official channels.
The Central Bank of the Philippines is committed to combating financial crimes and enhancing AML/CTPF supervision after the EU removed the Philippines from its high-risk third countries list. The EU's decision was based on improved effectiveness in the Philippines' AML regime and resolution of FATF-identified deficiencies. Governor Eli M. Remolona noted ongoing efforts to further strengthen the country's capacity to meet global standards.
The Central Bank of the Philippines reported a balance of payments deficit of USD 167 million in July 2025, reversing a USD 62 million surplus from July 2024, due to the national government drawing down foreign currency deposits to service external debt. The cumulative deficit for January to July 2025 reached USD 5.8 billion, driven by a trade in goods deficit, despite net inflows from remittances, government borrowings, and portfolio investments. Gross international reserves declined to USD 105.4 billion by end-July 2025, covering 7.2 months of imports and 3.4 times short-term external debt.
The Central Bank of the Philippines issued a warning about fraudulent documents falsely appearing to be from the Bangko Sentral ng Pilipinas (BSP) or its officials. These documents may misuse the BSP logo and forged signatures to deceive recipients for financial gain or personal information. The public is urged to verify communications and report suspicious activity through official BSP channels.
The National Bank of Serbia's July survey shows rising short-term inflation expectations among financial sector respondents and economic representatives, while medium-term expectations remain stable. The financial sector's one-year-ahead expectations increased to 3.8% in July, and economic representatives' short-term expectations rose to 6.0%. The central bank noted that one-year-ahead expectations have stayed within its target range for over 18 months.
The Brazil Securities Commission (CVM) issued a statement on the constitutional amendment proposal PEC 65, urging comprehensive debate with authorities to avoid institutional silos and reduced legal certainty. The CVM emphasized coordination, referencing international frameworks and Brazil's Committee for Regulation and Supervision of Financial, Capital, Insurance, Pension and Capitalisation Markets (Coremec). It endorsed strengthening coordination mechanisms and expressed readiness to engage with Congress, regulators, and market participants.
The Albania Financial Services Authority released the agenda for its Board meeting on 26 August 2025, covering supervisory, market-approval, and governance items. Key topics include an inspection at Raiffeisen Invest sh.a., a draft decision on Banka Kombëtare Tregtare sh.a.'s bond issuance, and updates on internal audits. The Board will also consider replacing the depositary for ABI Invest sh.a.'s funds and approving insurance agent activities.
The Central Bank of Paraguay highlighted Moody’s decision to keep Paraguay’s sovereign rating at Baa3 with a stable outlook, maintaining investment grade status. Moody’s cited inflation within target, a 6% policy rate, aligned medium-term inflation expectations and a well-capitalized banking sector. It also pointed to economic diversification, solid GDP growth and positive results under International Monetary Fund-backed programs.
The Global Financial Markets Association and Joint Trades urged the Basel Committee to pause the Cryptoasset Exposures Standard (SCO60) and conduct a targeted redesign consultation. They argue SCO60's capital treatment is overly conservative and misaligned with actual risks, hindering innovation. A companion report highlights the need for regulatory updates due to the evolving cryptoasset market and identifies six priority areas for development.
The Croatian Financial Services Supervisory Agency's latest statistics show increases in assets for second and third pillar pension funds, higher Zagreb Stock Exchange market capitalisation, and growth in UCITS net assets. By end-July 2025, mandatory pension funds had 2.37 million members, with net assets rising 2.2% to EUR 25.2 billion. Insurance premiums collected by 14 companies reached EUR 1.2 billion in the first seven months of 2025, while the Zagreb Stock Exchange saw a 3.5% rise in market capitalisation to EUR 56.4 billion.
The Prudential Regulation Authority and the Bank of England summarized a roundtable with international banks on Future Banking Data, emphasizing cost-effective, proportionate long-term reporting. Participants supported reforming the regulatory reporting framework but noted issues with frequent changes, ambiguous guidance, and unclear data definitions. Discussions covered shifting to granular datasets, reducing costs via improved submission systems, and ensuring proportionality, especially for smaller firms.
The Thailand Securities and Exchange Commission announced an electronic Bondholders’ Meeting for Prime Road Power Public Company Limited on 22 August 2025, focusing on waiving events of default for missed payments on 31 July 2025 for the PRIME253B, PRIME253A, PRIME25DA, and PRIME25DB bond series. Bondholders will vote on waivers, rescheduling payments, extending maturities, increasing interest rates, and providing additional collateral. The SEC urges bondholders to review implications and engage with representatives before voting.
The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks from Chairman Tim Scott at the Wyoming Blockchain Symposium, highlighting plans for U.S. digital asset legislation. Scott aims to advance digital asset market structure legislation through the Senate Banking Committee in September, coordinating with the Trump administration to establish clearer regulatory frameworks.
The State Bank of Pakistan has launched PRISM+, a Real-Time Interbank Settlement Mechanism Plus system, to modernize payment infrastructure. PRISM+ uses the ISO 20022 messaging standard, enhancing financial messaging, interoperability, and transparency, while adding liquidity management tools and integrating with the Central Securities Depository. It aims to improve capacity and efficiency, supported by cybersecurity, anti-money laundering, and fraud management frameworks, with backing from the World Bank Group.
The National Commission of Banks and Insurance of Honduras has updated supervisory reporting requirements for Public Social Security Pension Institutes, mandating submissions within 15 business days post-reporting period starting September 2025. Monthly, semiannual, and annual reports must be submitted electronically, covering financial and demographic data. The measure repeals previous conflicting resolutions and is effective immediately.
The Federal Deposit Insurance Corporation (FDIC) has proposed amendments to its regulations on official signs and advertisements for insured depository institutions' digital channels and ATMs. The changes aim to address operational and consumer confusion by adjusting signage requirements, including flexibility in digital sign design and specific display rules for digital channels and ATMs. The proposal seeks to enhance consumer understanding of FDIC insurance coverage.
The Central Bank of Chile has launched an official WhatsApp channel named “Banco Central de Chile” to enhance the dissemination of its information, including policy reports and statistics. This initiative complements the bank's existing presence on Instagram, LinkedIn, and X, aiming to improve content accessibility.
The Federal Deposit Insurance Corporation Board of Directors approved a proposed rulemaking to amend regulations on the display of the FDIC official digital sign and non-deposit signage. The proposal aims to simplify how banks present these notices on digital channels, including websites, mobile applications, and ATMs. The amendments would revise 2023 requirements to focus signage display on screens and pages most relevant to consumers.
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman emphasized a tailored supervisory framework for blockchain activities, highlighting tokenization's benefits and the GENIUS Act's role in stablecoins. The speech noted removing "reputational risk" from examination programs and reintegrating "novel supervision" into standard processes. Continued interagency work on stablecoin regulation and updates to supervisory materials were discussed, inviting industry engagement on using emerging technologies to combat fraud.
The Federal Reserve Board issued a consent prohibition order against Markel O’Neal Calhoun, a former Regions Bank employee, due to embezzlement of bank funds.
The Chile Financial Market Commission is consulting on proposed amendments to General Rule No. 16 and General Rule No. 182, updating registration and authorisation processes for securities intermediaries and commodity exchange brokers in line with the Fintech Act (Law No. 21,521). The amendments aim to revise procedures for enrolling in registries and authorising intermediation services. A Regulatory Report detailing the proposal and its impact is available.