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2025-08-19•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) issued a consumer alert regarding unlicensed rental property management by Radoslava Stoycheva and Victoria Royal Vacations Inc. in Greater Victoria. Stoycheva, under an accepted undertaking, must cease all unlicensed real estate activities, with potential penalties for breaches. BCFSA is gathering information on prior activities and advises property owners to verify managers' licensing.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-19•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) issued a consumer alert regarding alleged unlicensed real estate activity by Radoslava Stoycheva and Victoria Royal Vacations Inc. in the Greater Victoria Region. BCFSA accepted an undertaking requiring them to cease real estate services unless permitted under the Real Estate Services Act, with potential penalties for breaches reaching up to CAD 500,000.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-19•Thailand•Bank of Thailand
The Bank of Thailand's quarterly assessment reports a resilient banking sector with strong capital, loan loss provisions, and liquidity. Loan growth contracted by -0.9% year-on-year in Q2 2025, with large corporate lending expanding while SME and consumer lending declined. Gross non-performing loans rose slightly to THB 554.9bn, but the NPL ratio remained stable at 2.91%, and profitability improved despite higher provisioning expenses and reduced net interest income.
SupervisionRisk monitoring & watch pointsAsset qualityPrudential risksLiquidity risk
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2025-08-19•Vietnam•State Bank of Vietnam
Deputy Governor Pham Tien Dung of the State Bank of Vietnam emphasized enhancing the legal framework and promoting innovation, digital technology, and green finance at the Saigon Marina International Financial Centre inauguration. The centre aims to support Vietnam's development as an international financial hub, aligning with National Assembly Resolution 222/2025/QH15, which includes plans for a Fintech sandbox and international derivatives exchanges.
Policy & regulationCooperationMarket development
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2025-08-19•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) engaged with DZ Bank in Hanoi to discuss expanding SBV's reserve management into international green government bonds, focusing on German sovereign green bonds. The meeting aligned with Vietnam’s National Green Growth Strategy and COP26 commitments, with DZ Bank sharing expertise on sustainable investments. SBV aims to develop a cooperation plan with DZ Bank for specialist training and information exchange.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-19•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) and the Financial Information Unit (UIF) discussed enhancing cooperation on anti-money laundering (AML) regulation for capital markets and CNV-supervised entities. The agenda includes collaboration on AML prevention laws, regulation of the Registry of Virtual Asset Service Providers, and joint educational initiatives for market stakeholders on AML, terrorist financing, and proliferation financing.
Policy & regulationCooperationAML and CFTCross-border cooperation
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2025-08-19•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission's president, Roberto E. Silva, addressed a CFA Society Argentina event, highlighting the CNV's efforts to modernize the regulatory framework and simplify processes while focusing on investor protection. The session was part of a networking series for CFA-designated professionals and other market participants.
Policy & regulationReform agendas & prioritiesOther
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2025-08-19•United States•Financial Crimes Enforcement Network
FinCEN extended its orders prohibiting fund transmittals involving three Mexico-based financial institutions until 20 October 2025. The measures target CIBanco, Intercam Banco, and Vector Casa de Bolsa due to money laundering concerns linked to opioid trafficking. The extension acknowledges Mexico's efforts to address these concerns, including temporary management to ensure compliance and prevent illicit finance.
EnforcementSanctions & designationsSanctions list update
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2025-08-19•United States•Financial Crimes Enforcement Network
FinCEN extended the deadline to October 20, 2025, for orders prohibiting fund transmittals involving three Mexico-based financial institutions: CIBanco, Intercam, and Vector. These institutions were identified as primary money laundering concerns related to illicit opioid trafficking under the Fentanyl Sanctions Act and the FEND Off Fentanyl Act. The extension is linked to Mexico's efforts to address these concerns, including assuming temporary management of the institutions to enhance regulatory compliance.
Policy & regulationRules & requirementsSanctions list update
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2025-08-19•Switzerland•Federal Department of Finance (Switzerland)
Switzerland's Federal Department of Finance announced that the Financial Innovation Desk (FIND) will transfer to the State Secretariat for International Finance (SIF) on 1 September 2025, after a two-year pilot phase. The new SIF unit will continue supporting financial-sector innovation, retaining services like the FIND Map and SwissHacks fintech hackathon, and integrating parts of the FIND website. Stakeholder networking will persist under SIF leadership.
Institutional developmentMandate & organizational structureFintech and insurtech
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2025-08-19•South Korea•Bank of Korea
The Bank of Korea's Q2 2025 data reveals a KRW 24.6 trillion increase in total household credit, reaching KRW 1,952.8 trillion by end-June. This includes KRW 1,832.6 trillion in household loans and KRW 120.2 trillion in merchandise credits.
Data & statisticsMonetary data
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2025-08-19•Argentina•Central Bank of Argentina
The Central Bank of Argentina revised the reporting schedule for the Survey of External Assets and Liabilities (RAyPE), dividing filers into two groups. Companies with external assets and liabilities below USD 10 million will report annually, while larger firms will continue quarterly submissions under simplified requirements. This change, affecting over 24,000 companies, aligns with Argentina’s broader administrative simplification efforts and will be implemented in January 2026.
Policy & regulationRules & requirementsBalance of payments and other external statistics
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2025-08-19•Denmark•National Bank of Denmark
The National Bank of Denmark released a working paper on estimating and correcting occupational miscoding in US survey data to reduce measurement error in occupational mobility. The study finds that correcting miscoding significantly lowers estimated mobility rates and strengthens the empirical link between mobility and task distance. It also introduces a miscoding-based distance measure to predict occupational transitions and wage losses.
ResearchOther
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2025-08-19•Mongolia•Central Bank of Mongolia
The Central Bank of Mongolia and the Asian Development Bank (ADB) discussed Mongolia's macroeconomic outlook and potential cooperation aligned with national development priorities. Inflation was reported at 8.1% as of July 2025, within the central bank's target range. Talks emphasized economic recovery and collaboration in sectors beyond mining, including small and medium-sized enterprises and agriculture.
Policy & regulationCooperationDomestic cooperation
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2025-08-19•Trinidad & Tobago•Trinidad & Tobago Securities & Exchange Commission
The Trinidad and Tobago Securities and Exchange Commission (TTSEC) issued a public notice to assist investors in identifying unregistered individuals or entities. The notice, part of TTSEC's investor education efforts, includes a list of those not registered with the Commission.
Financial literacy & educationUnlicensed or unauthorized activity
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2025-08-19•Bahamas•Central Bank of the Bahamas
The Central Bank of The Bahamas released its semi-annual assessment of retail fees by domestic commercial banks, noting increased deposit-account costs and varied pricing. CIBC Caribbean Limited and Fidelity Bank (Bahamas) Ltd were the lowest-cost providers for various customer profiles, while Scotiabank Bahamas Limited was generally the most expensive. The report also mentions ongoing reviews to enhance digital financial inclusion and improve transparency in credit facility management.
Data & statisticsActivity and performance reporting
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2025-08-19•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has finalized amendments to its prudential framework for Category 3B, 3C, and 4 Authorised Persons. Key changes include revised capital requirements for Category 4 firms, updated reporting requirements for Category 3B and 3C firms, and amended professional indemnity insurance requirements across all categories. These amendments are effective immediately, except for the minimum standards for professional indemnity insurance cover, which apply from 1 January 2026.
Policy & regulationRules & requirementsPrudential risks
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2025-08-18•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay (BCU) participated in the "Uruguay and the OECD" strategic dialogue, where BCU President Guillermo Tolosa emphasized the benefits of closer cooperation with the Organisation for Economic Co-operation and Development. He highlighted that such collaboration could advance reforms in central bank governance, strengthen financial education, and expand financing opportunities for small and medium-sized enterprises.
Policy & regulationCooperationDomestic cooperation
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2025-08-18•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority has launched the AI Cohort Programme to promote responsible AI adoption in the insurance sector, aligning regulatory and developmental goals. Seven insurers will establish centres of excellence and nurture AI talent, while technology providers presented solutions at the launch event.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2025-08-18•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro has amended its payment system rules to extend weekday processing until 8:00 pm, ensuring same-day credit for late-day payments. RTGS payments over EUR 1,000 and DNS payments up to EUR 1,000 will be credited immediately under the new schedule. The modernization plan includes weekend operations starting 20 October 2025 and aims for 24/7/365 real-time payments by July 2026.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-18•Europe•European Banking Authority
The European Banking Authority has published final draft Regulatory Technical Standards (RTS) detailing the allocation of off-balance sheet items to Capital Requirements Regulation (CRR) buckets for credit conversion factors under the standardised approach to credit risk. The RTS introduce criteria for items not mapped to CRR buckets, focusing on conversion probability factors and constraints on unconditionally cancellable commitments. Developed under Article 111(8) of Regulation (EU) No 575/2013, the RTS have been submitted to the European Commission.
Policy & regulationRules & requirementsCredit riskPrudential risks
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2025-08-18•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic hosted Dominican Republic Ambassador to Spain Tony Raful and Dominican-Spanish students recognized in the Dominican Embassy in Spain’s School Merit Awards. Governor Héctor Valdez Albizu emphasized the central bank's role in macroeconomic and financial stability, including its inflation-targeting framework and support for the financial system.
Monetary policyOther
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2025-08-18•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) held a briefing in Dar es Salaam to update on insurance sector developments from 2021 to 2024 and promote media cooperation to enhance public insurance awareness. Coordinated with the Treasury Registrar’s Office, Commissioner Dr. Baghayo Saqware urged journalists to disseminate accurate insurance information. TIRA plans to continue programs for journalists to support this collaboration.
Financial literacy & educationMarket development
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2025-08-18•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority released a statement and the Insurance Commissioner's speech detailing the insurance market's performance and sector achievements from 2021 to 2024.
Data & statisticsOther
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2025-08-18•Latvia•Central Bank of Latvia
The Central Bank of Latvia released a working paper analyzing the economic impact of slower adjustments in commercial bank deposit rates to monetary policy changes using a New-Keynesian model. The study finds that slower rate adjustments increase macroeconomic volatility and affect bank net interest income, consumption, output, and investment dynamics. A tax on interest income from deposit rates below the policy rate amplifies short- and medium-term costs but enhances long-term economic dynamics.
Research
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2025-08-18•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released updated data on non-performing loans (NPLs) in the banking sector as of 31 May 2025, with the NPL ratio steady at 5.9%. The non-performing exposure (NPE) coverage ratio increased to 61.0% from 60.7%. Total restructured loans were EUR 1.3 billion, with EUR 0.7 billion still classified as NPEs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-18•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported a 4.7% year-on-year increase in national formal employment for June 2025, adding 272,000 jobs compared to June 2024. Private-sector formal employment rose 6.3% to 4.331 million jobs, with significant contributions from services, agriculture, and commerce. The real formal wage bill increased by 6.2%, while the private-sector wage bill grew 8.7%, driven by gains in services and commerce.
Data & statistics
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2025-08-18•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan and the Pakistan Banks Association held a workshop in Karachi to boost banks' involvement in capital markets, launching the Capital Market Development Fund and Agahi Portal. The event focused on bank-capital market integration strategies, including Ijarah Sukuk issuance via the Pakistan Stock Exchange and a T+1 settlement cycle. Discussions covered banks' roles in leveraged products and digital banking, with the Finance Minister proposing a Capital Market Development Council to include key stakeholders.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-08-18•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has banned financial adviser Andrew Rankin for four years for failing to act in clients' best interests and providing inappropriate advice while with Next Generation Advice Pty Ltd. Rankin advised clients to establish self-managed superannuation funds (SMSFs) and invest in speculative and illiquid funds without properly assessing client needs and product suitability. ASIC found misleading projections and conflicts of interest in his advice. The ban is effective from 14 August 2025, with Rankin having the right to appeal. ASIC's investigation into related matters continues.
EnforcementSanctions & designations
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2025-08-18•China•Central Bank of the Republic of China
The Central Bank of the Republic of China and the Bank of Thailand have extended and amended their Renminbi–Thai baht bilateral local-currency swap agreement to CNY 70 billion (THB 370 billion) for five years. The agreement, approved by the State Council, may be extended by mutual consent. Discussions also included the global economic outlook and China–Thailand financial cooperation.
Monetary policyMonetary policy instruments & operationsCross-border cooperation
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2025-08-18•Ukraine•National Bank of Ukraine
The National Bank of Ukraine's Q2 2025 Banking Sector Review highlights continued bank asset growth, driven by a 9.5% increase in net UAH lending to businesses, particularly in the SME segment. The review notes a decline in subsidised corporate lending and an improvement in corporate portfolio quality, with the non-performing loan ratio decreasing to 27.0%. Despite a rise in liabilities and net interest margin, Q2 profit fell 2.1% due to higher expenses, and one small bank risks breaching the upcoming leverage ratio requirement.
Data & statisticsLendingAsset quality
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2025-08-18•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) reviewed first-year CSRD-style sustainability reporting, noting broad voluntary uptake and improved accessibility but uneven quality in double materiality assessments and disclosure gaps. Analysis of 19 reports showed 60% of issuers used full European Sustainability Reporting Standards (ESRS), with 63% receiving limited assurance. The CSSF highlights challenges in linking material topics to impacts, risks, and opportunities, and notes ongoing EU discussions on potential amendments to the CSRD and ESRS.
SupervisionReviews, inspections & stress testsAccounting and financial reporting
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2025-08-18•Barbados•Barbados Financial Services Commission
The Barbados Financial Services Commission has taken enforcement action against Equity Insurance Company Ltd, appointing a Manager to assume day-to-day control and initiating a process that could lead to licence revocation if remediation is inadequate. The action follows examinations that found significant weaknesses in Equity’s systems, controls, governance and non-compliance with earlier directives. Existing policies remain valid, claims and customer service will continue, renewals are permitted at the discretion of the company and policyholders, and no new business will be written.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-08-18•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported a provisional state budget surplus of EUR 2.188bn for January to July 2025, surpassing the target deficit of EUR 1.961bn. The primary surplus reached EUR 7.959bn, exceeding the target by EUR 4.36bn. Timing effects, including delayed payments and tax revenues, contributed to the overperformance, with net revenues at EUR 42.858bn and expenditures at EUR 40.671bn.
Data & statisticsOther
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2025-08-18•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has banned Zhu Hong, a substantial shareholder and former manager at Kylin International (HK) Co., Limited, from regulated activities for 12 months and fined her HKD 400,000 for fund management failures. Zhu inadequately managed Anti-Money Laundering and Counter-Terrorist Financing duties. The SFC's action is linked to an ongoing disciplinary case against another related entity.
EnforcementSanctions & designationsAML and CFT
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2025-08-18•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) announced a special exhibition at its Money Museum to commemorate 100 years since the schilling became Austria's official currency. The exhibition, titled “Es war einmal ... der Schilling”, explores the currency's history, including its reintroduction in 1945 and replacement by the euro. Despite the schilling's discontinuation in 2002, ATS 6.8 billion remains in circulation and can be exchanged for euros at OeNB.
Other
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2025-08-18•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market announced that the National Depository of Ukraine has published a detailed procedure for depository institutions and the Central Depository on returning blocked assets to clients of LLC Freedom Finance Ukraine, implementing the Commission’s 25 July 2025 decision. The procedure sets out the workflow for returning securities and cash, with the Commission continuing to work with the National Depository of Ukraine, banks and other parties to resolve the situation.
Policy & regulationGuidance & interpretation
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2025-08-18•Global•International Association of Deposit Insurers
The International Association of Deposit Insurers announced new leadership for its Fintech and Resolution Technical Committees, appointing Ms Sabihah Mohamed and Mr Oktawiusz Szubart as chairs. The update highlighted recent member publications, including reports from the Hong Kong Deposit Protection Board and the Savings Deposit Insurance Fund of Türkiye, and outlined upcoming digitalisation webinars and the 24th IADI Annual Conference and AGM in November 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-18•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake banking login screens, and phishing emails targeting customers of banks like The Bank of East Asia and HSBC. The alert stresses that banks won't send SMS or emails with hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Customers who shared personal information should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-08-18•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission and the ASEAN Insurance Training & Research Institute held a regional workshop in Bangkok on enterprise risk management and operational resilience for insurance supervisors from 10 countries. The workshop aimed to enhance practical ERM application, risk-based capital adequacy, and operational resilience against systemic risks. Over 30 participants from ASEAN and beyond attended, with discussions tied to the OIC’s ERM-ORSA framework.
SupervisionCooperationRisk managementOperational risk and resilience
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2025-08-18•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission conducted an outreach in Surat Thani to promote insurance for managing tourism-related risks, emphasizing "five boat safety checks" for passenger boat operators. The initiative involved local business groups and insurance stakeholders to enhance access and develop region-specific products. A panel on risk management through insurance for safer tourism was convened, highlighting Surat Thani's 2024 tourism revenue of THB 92,154 million.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-18•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported a 4.1% increase in complaints in Morelos from January to July 2025, totaling 2,821 cases. The most common issues involved credit and debit cards, with unrecognized purchases and electronic transfers prevalent. Multiple banking was the primary sector for complaints, with a significant portion related to older adults and potential fraud.
Data & statisticsComplaints and dispute resolution
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2025-08-18•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait has imposed penalties on a local bank and an e-payment company under its supervision.
EnforcementSanctions & designationsOther
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2025-08-18•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has initiated a public consultation on its regulatory impact analysis of flood and inundation coverage in comprehensive residential insurance. The consultation seeks feedback on the methodology, dimensions, potential impacts, and scoring of alternatives to enhance market penetration in Brazil.
Policy & regulationOther
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2025-08-18•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has licensed BEST LLC to operate the BEST payment system in compliance with national laws governing the central bank, licensing, and payment services.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-18•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) attended a Rio de Janeiro event on the new Mutualist Property Protection system and its regulatory challenges. The event coincided with Public Consultation Notice No. 2/2025 to gather input on the regulatory framework. Discussions covered mutualist entities' responsibilities, legal issues, and alignment with supervisory rules, linked to Brazil's National Policy for Access to Insurance.
Policy & regulationRules & requirementsOther
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2025-08-18•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan has issued a tender to select an audit firm for auditing its consolidated financial statements from 2025 to 2029. Participation is limited to the ten internationally recognised audit firms.
Institutional developmentProcurementLicence approval
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2025-08-18•Spain•Bank of Spain
The Bank of Spain reported that Spanish public administration debt under the Excessive Deficit Procedure (EDP) was 103.4% of GDP in June 2025, a decrease of 1.9 percentage points from the previous year. In nominal terms, EDP debt reached EUR 1.691 trillion, marking a 4% year-on-year increase. Central government debt was EUR 1.534 trillion, while regional and local government debts were EUR 343 billion and EUR 23 billion, respectively.
Data & statisticsBalance of payments and other external statistics
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2025-08-18•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic has initiated the "Verify first, protect your data" campaign to raise public awareness about cyberattacks and fraud. The campaign's first phase, "Anzuelo" (Bait), uses mass communications to mimic fraud techniques, redirecting users to educational messages. With 7,882 interactions reported, the campaign is expanding its educational outreach through various media channels.
Financial literacy & educationFraud and scamsCyber resilience
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2025-08-18•Philippines•Central Bank of the Philippines
At the Economic Journalists Association of the Philippines Economic Forum 2025, Central Bank of the Philippines Governor Eli M. Remolona, Jr. stated that the inflation outlook remains manageable for the year. He highlighted a 5.5% economic growth in the second quarter despite trade and policy uncertainties.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-08-18•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines clarified that technical service providers (TSPs) are not required to register with the bank, allowing BSP-supervised institutions to engage TSPs without registration. These institutions remain responsible for managing risks from TSP arrangements, with the BSP monitoring TSP performance through the institutions they serve. TSPs focus on technical support rather than clearing and settlement services, distinguishing them from operators of a payment system.
Policy & regulationGuidance & interpretationOutsourcing and third-party risk management
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2025-08-18•Serbia•National Bank of Serbia
The National Bank of Serbia announced that payment institution Dunav – Union d.o.o., Belgrade has joined the IPS NBS instant payments system as an indirect participant, effective 15 August 2025. Transactions for Dunav – Union’s clients will be executed through OTP banka Srbija, a direct participant in the system. IPS NBS operates continuously, ensuring payees receive funds within seconds.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-18•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission is seeking consultancy services to survey and prepare a project for an "overall information technology system" to enhance its management and supervisory functions. The Technology and Digital Transformation Department is overseeing this initiative.
Institutional developmentProcurementOutsourcing and third-party risk management
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2025-08-18•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced a VND 1,000,000 fee for reissuing a securities practising certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or directly to the Commission. Failure to collect the certificate within one year of the fee-payment notice will result in cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-18•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) updated the Manual for Submission of Periodic and Eventual Information via the Empresas.Net system. Changes include revised document association settings and maximum file sizes for submissions by registered public companies, foreign issuers, incentivised issuers, and those applying for initial registration. The system facilitates the submission of key forms to CVM and B3.
Policy & regulationRules & requirementsIT management
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2025-08-18•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a public sanctions judgment session on 19 August 2025 to decide on three administrative sanctioning proceedings. Cases include alleged fraudulent operations by Finance Moinhos, non-equitable market practices by Marcelo Costa da Cruz and associates, and audit irregularities by BDO RCS Auditores Independentes. Judgments in the FIP Cais Mauá and Osasco Properties cases were previously suspended for review.
EnforcementInvestigations & enforcement actionsAuditing
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2025-08-18•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission upheld a MYR 50,000 fine and a one-year prohibition against Ahmad Aljafree bin Hj Mohd Razalli, a partner at Al Jafree Salihin Kuzaimi PLT, for audit failures. The penalties relate to non-compliance with International Standards on Auditing for a public listed company for the financial years ending 30 June 2020 and 2021. Aljafree did not contest the prohibitions.
EnforcementSanctions & designationsAuditing
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2025-08-18•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission released Q2 2025 statistics showing insurance penetration increased to 1.79%, driven by premium growth. Total premiums for life and non-life products rose 12.98% year-on-year to PHP 242.84 billion, with life insurance premiums up 12.01% and non-life net premiums up 20.48%. The report also highlighted a 10.70% increase in invested assets to PHP 2.26 trillion and a net worth rise of 8.70% to PHP 493.76 billion.
Data & statisticsActivity and performance reporting
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2025-08-18•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released its "Insurance Geography 2024," detailing a prefecture-level analysis of gross written premiums, paid claims, and premium per capita. Tirana led with 62.09% of gross written premiums and the highest premium per capita at ALL 20,011.64. The report highlights the concentration of insurance activity in major prefectures, with Tirana and Durrës also leading in paid claims.
Data & statisticsOther
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2025-08-18•Poland•Central Bank of Poland
The Central Bank of Poland reported July 2025 core inflation indices, with headline Consumer Price Index (CPI) inflation at 3.1% year-on-year and core inflation excluding food and energy at 3.3%. Other measures include 2.7% excluding administered prices, 3.9% excluding the most volatile prices, and a 15% trimmed mean of 3.2%. These indices are calculated monthly to evaluate underlying inflation dynamics and persistent price pressures.
Data & statisticsEconomic data and developments
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2025-08-18•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission, with the Ministry of Finance and other agencies, announced the "TouristDigiPay" sandbox project, allowing foreign tourists to convert digital assets into THB via e-money. Involving SEC-regulated digital asset operators and Bank of Thailand-regulated e-money providers, payments are made through smartphone apps, and merchants receive THB. The 18-month project includes Know Your Customer and Customer Due Diligence standards, launching in Q4 2025.
Policy & regulationImplementation, projects & pilotsCross-border paymentsRegulatory sandbox
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2025-08-18•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren urged President Trump to intensify economic pressure on Russia through sanctions and export controls, citing weakened Ukrainian leverage. A report by Warren and Senator Jeanne Shaheen criticizes the Administration's reduced commitment to sanctions, missed opportunities to cut Russian oil revenue, and staffing challenges in agencies managing Russia sanctions and export controls.
OtherSanctions list update
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2025-08-18•Namibia•Bank of Namibia
The Bank of Namibia has initiated a national Financial Inclusion Awareness Campaign to enhance equitable access to financial services and improve their quality and usage. The campaign includes community engagement, a Digital Financial Literacy Booklet, and a financial inclusion survey with the Namibia Statistics Agency. Additionally, the Bank is developing an Instant Payment System to modernize and improve digital transactions.
Financial literacy & educationFinancial inclusion
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2025-08-18•Canada•New Brunswick Financial & Consumer Services Commission
The New Brunswick Financial and Consumer Services Commission issued a warning that QuilCapital, based in London, UK, is not registered to deal or advise in securities in New Brunswick. The alert specifies websites associated with QuilCapital and clarifies that the warning does not apply to other similarly named businesses. Investors are advised to use the National Registration Search tool to verify registration status.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-18•Pakistan•State Bank of Pakistan
State Bank of Pakistan Governor Jameel Ahmad emphasized the need for deep and diversified capital markets to support sustainable growth, citing Pakistan's low domestic savings rate of 7.4% of GDP. Recent reforms include widening participation in the government bond market and expanding Investor Portfolio Securities accounts. Ahmad urged coordinated efforts to enhance financial literacy and market transparency.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-18•Canada•Office of the Superintendent of Financial Institutions
The Office of the Superintendent of Financial Institutions (OSFI) revised its policy plan to enhance regulatory efficiency and reduce unnecessary burdens while maintaining the resilience of federally regulated financial institutions. This update is part of OSFI's Policy Modernization initiative, which has already rescinded 20 guidelines and advisories and paused Basel III output floor implementation. Further guideline rescissions are anticipated in fall 2025, with more details in the upcoming Semi-Annual Risk Outlook.
Policy & regulationGuidance & interpretationRegulatory burden
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2025-08-18•Mauritius•Bank of Mauritius
The Bank of Mauritius has issued a tender for a Threat Intelligence Sharing Platform for the banking sector, inviting bids from qualified bidders. Proposals must adhere to specific submission requirements, including encryption with Pretty Good Privacy (PGP), and be submitted electronically by 12 September 2025.
Institutional developmentProcurementCyber resilience
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2025-08-18•Mauritius•Bank of Mauritius
The Bank of Mauritius has issued a request for proposal to procure a Privileged Access Management tool. Proposals must be submitted electronically, encrypted with the Bank's public key, and adhere to specified requirements. The Bank reserves the right to accept or reject any bid or annul the process.
Institutional developmentProcurement
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2025-08-18•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) identified a cybersecurity threat, prompting a precautionary shutdown of some systems during an investigation. Preliminary findings show some personal information of member firms and registered employees was affected, though critical functions like real-time equity market surveillance remain operational. CIRO assures Canadians' investments are not at risk and plans to notify affected individuals and provide risk mitigation services.
SupervisionAlertsCyber resilience
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2025-08-18•Thailand•Ministry of Finance (Thailand)
The Ministry of Finance (Thailand), in collaboration with the Securities and Exchange Commission, the Anti-Money Laundering Office, and the Ministry of Tourism and Sports, launched the TouristDigiPay project. This initiative aims to facilitate foreign tourists in converting digital assets into Thai baht for secure payments in Thailand.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
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2025-08-18•Thailand•Bank of Thailand
The Bank of Thailand and the People’s Bank of China have renewed their CNY-THB Bilateral Currency Swap Arrangement for five years starting 22 December 2025. This renewal aims to support trade and investment, enhance bilateral financial cooperation, and boost private-sector confidence in using local currencies for cross-border operations.
Monetary policyMonetary policy instruments & operationsCross-border cooperationForeign exchange policy and markets
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2025-08-18•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported progress on its administrative reform programme, achieving a 30% simplification of business conditions under Government Resolution 66/NQ-CP. Proposed measures include cutting or simplifying 91 of 298 administrative procedures and reducing processing times by 166 days. The central bank aims to finalise a package for submission to the Prime Minister and continue reviews to meet further simplification targets.
Policy & regulationImplementation, projects & pilotsRegulatory burden
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2025-08-18•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) conducted virtual seminars on fintech and capital markets with Harvard Law School's Program on International Financial Systems. The sessions addressed the impact of emerging financial technologies and social media on market regulation and misconduct. Presentations featured experts from academia and industry, with participation from regional regulators and Amazon Web Services.
Institutional developmentCooperation & capacity buildingFintech and insurtechSupervision process and methodologies
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2025-08-18•United States•Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network, under the U.S. Department of the Treasury, issued a Request for Comment on innovative methods for detecting illicit digital asset activity. The focus is on technologies like APIs, AI, digital identity verification, and blockchain. Feedback will inform research on these tools' effectiveness, costs, and privacy and cybersecurity risks, aligning with Executive Order 14178 on enhancing U.S. leadership in digital financial technology.
Policy & regulationGuidance & interpretationArtificial intelligenceBlockchain and distributed ledger technology
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2025-08-18•Global•Bank for International Settlements - Innovation Hub
The Bank for International Settlements Innovation Hub has launched Project Noor to equip financial supervisors with tools to evaluate AI models in banks, focusing on transparency, fairness, and robustness. Led by the BIS Innovation Hub Hong Kong Centre with the Hong Kong Monetary Authority and the UK's Financial Conduct Authority, the project aims to convert complex model logic into plain language and visuals for use cases like mortgage approvals and fraud flagging, without setting definitive standards.
SupervisionInnovation & testingArtificial intelligence
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2025-08-18•Moldova•National Bank of Moldova
The National Bank of Moldova approved the SNIF 2030 concept, developing Moldova's first National Financial Inclusion Strategy. It aims to enhance access to financial services for vulnerable groups and SMEs, focusing on diversifying financial products, modernizing payments, strengthening consumer protection, and improving financial education. Supported by the World Bank's M-GROW programme, it involves multiple public institutions and the Association of Banks of Moldova.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2025-08-18•Moldova•National Bank of Moldova
The Parliament of the Republic of Moldova has published an online version of the Law on the National Bank of Moldova, originally enacted as Law No. 548-XIII on 21 July 1995. The law has been in force since 12 October 1995 and was republished in the Official Monitor on 30 October 2015. PDF and DOC versions are accessible via the State Register of legal acts.
Policy & regulationOther
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2025-08-18•Moldova•National Bank of Moldova
The National Bank of Moldova has initiated work on the National Financial Inclusion Strategy of the Republic of Moldova 2030 (SNIF 2030) to enhance financial inclusion. The strategy will focus on improving access, use, and quality of financial services, particularly for vulnerable groups and SMEs, structured around four priority pillars. Stakeholders are encouraged to engage in the drafting process to ensure transparency and participation.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-18•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury issued a Request for Comment under the GENIUS Act, seeking input on methods for detecting illicit activity involving digital assets. The request focuses on application program interfaces, artificial intelligence, digital identity verification, and blockchain technology. Public feedback will inform Treasury research on these tools' effectiveness, costs, and associated risks.
Policy & regulationOtherStablecoinsRegulatory burden
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2025-08-18•Trinidad & Tobago•Ministry of Finance (Trinidad & Tobago)
Trinidad and Tobago’s Finance Minister Davendranath Tancoo addressed opposition remarks on reduced US dollar credit card limits, citing a foreign exchange shortfall. Republic Bank cut limits from USD 15,000 in 2015 to USD 5,000, with further reductions of 67% at Republic Bank and 73% at RBC Royal Bank from 2020 to 2023. Tancoo proposed increasing foreign exchange generation, managing holdings, and pursuing import substitution, while engaging stakeholders for efficient use.
Policy & regulationReform agendas & prioritiesForeign exchange policy and markets
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2025-08-18•United Arab Emirates•Dubai Virtual Assets Regulatory Authority
The Dubai Virtual Assets Regulatory Authority (VARA) fined Morpheus Software Technology FZE for deficiencies in its Anti-Money Laundering programme, governance, and controls, and breaches of licence conditions. The firm conducted unlicensed virtual asset activity and failed to disclose material facts, accepted the findings, and proposed a remediation plan. VARA will continue supervising Morpheus (Fuze) to ensure compliance with remedial actions.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
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2025-08-18•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has suspended the licence of YAS Takaful PJSC under Article 33(2)(k) of Federal Decree Law No. 48 of 2023 due to non-compliance with the regulatory framework for insurance companies. YAS Takaful remains responsible for all rights and obligations from insurance contracts concluded prior to the suspension.
SupervisionAuthorisations & approvalsCompliance
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2025-08-17•Venezuela•Ministry of Economy & Finance (Venezuela)
Venezuela's National Securities Superintendency (Sunaval) celebrated its 15th anniversary, emphasizing its role in regulating the securities market and protecting investors. Superintendent Carlos Herrera highlighted Sunaval’s public training initiatives, including the Virtual Stock Market School and the new “Café Bursátil” YouTube program, as well as measures to simplify market access for companies and investors.
Financial literacy & educationCorporate governance
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2025-08-17•Peru•Central Bank of Peru
The Central Reserve Bank of Peru reported a year-on-year increase in June 2025 exports, with non-traditional exports rising 17% to USD 1,758 million and traditional exports up 9.2% to USD 5,136 million. Non-traditional export growth was driven by a 24.4% rise in volumes, particularly in fisheries and agriculture, while traditional exports benefited from higher mineral prices, notably copper and gold. In the first half of 2025, non-traditional exports totaled USD 10,371 million, marking a 21.7% increase, and traditional exports reached USD 29,578 million, up 15.6%.
Data & statisticsBalance of payments and other external statistics
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2025-08-17•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) visited Mauritania on 12 August 2025 to discuss readiness for a mutual evaluation of its anti-money laundering and counter-terrorist financing system. Mauritanian authorities affirmed their commitment to align with Financial Action Task Force standards. The visit, involving senior officials, is part of MENAFATF's efforts to prepare for the third round of mutual evaluations.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-08-17•Jordan•Central Bank of Jordan
The Central Bank of Jordan launched the second Cyber Security Training Camp 2025 to enhance cyber readiness in the financial sector, with 311 employees expected to receive 1,040 certificates through advanced training in risk management, compliance, and cybersecurity leadership.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-08-17•Iraq•Central Bank of Iraq
The Central Bank of Iraq, in collaboration with the German International Cooperation Agency and the Iraqi Association of Private Banks, launched an Index for Access to Financing for medium, small, and micro enterprises to streamline loan navigation and expedite financing procedures.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-08-17•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted a delegation from the Central Bank of Iraq to discuss cooperation in central banking operations. The visit included briefings on Egypt's banking supervision, financial inclusion, FinTech, payment systems, and consumer protection. Key topics included the Meeza payment scheme, Instant Payment Network, FinTech strategy, and anti-fraud measures.
Policy & regulationCooperationDomestic cooperation
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2025-08-16•Tanzania•Tanzania Insurance Regulatory Authority
Dr. Baghayo Saqware, Tanzania Insurance Regulatory Authority's Insurance Commissioner, emphasized expanding insurance agents' presence in underserved areas to boost market development. He highlighted TIRA's focus on consumer protection, increasing insurance uptake in the informal sector, and enhancing agent training and certification. Saqware urged agents to act as ambassadors for insurance, maintain high integrity standards, and adapt to technological changes and evolving customer needs.
Policy & regulationGuidance & interpretationMarket development
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2025-08-16•Peru•Central Bank of Peru
The Central Bank of Peru reported a goods trade surplus of USD 26,652 million for the 12 months to June 2025, with a June surplus of USD 2,523 million. June exports increased by 11% year on year to USD 6,905 million, driven by higher international prices for gold, copper, zinc, steel, and metal products. Imports rose 13% to USD 4,382 million, mainly due to increased purchases of industrial inputs and consumer goods.
Data & statisticsBalance of payments and other external statistics
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2025-08-16•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission, through its Center of InsurTech, Thailand, conducted the "INTENSIVE BOOTCAMP 2025" as part of the OIC InsurTech Award 2025. The bootcamp aimed to develop the work of 25 shortlisted teams with consulting and workshops, preparing them for the final selection of 10 teams. Expert judging panels were introduced for the two competition tracks.
SupervisionInnovation & testingFintech and insurtech
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2025-08-16•Jordan•Jordan Securities Commission
The Jordan Securities Commission reported record performance on the Amman Stock Exchange, with market capitalisation rising 26.31% to JOD22.3 billion by July 2025, driven by reforms in the investment environment. The Commission anticipates continued positive momentum due to economic stability and plans for market infrastructure development and diversification of financial instruments.
Data & statistics
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2025-08-16•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) conducted an investor seminar at Canadia Bank PLC’s Siem Reap Branch to promote active securities trading and bolster investor confidence. The event, chaired by SERC Deputy Director General H.E. Seang Thirith, included investment strategies and guidance on the CSX Trade application, with participation from SERC, the Cambodia Securities Exchange, and Canadia Securities Co., Ltd.
Financial literacy & educationFinancial literacy and education
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2025-08-15•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported its July 2025 balance sheet, showing total assets of EUR 1.86 billion, an increase of EUR 68.71 million from June. The rise was driven by higher deposits from the Republic of Kosovo budget, the Kosovo Privatization Agency, pension funds, and the Deposit Insurance Fund. International reserve assets reached EUR 1.46 billion, with a EUR 77.4 million increase in deposits and a EUR 28.6 million decrease in securities.
Data & statisticsBalance of payments and other external statistics
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has initiated a public consultation on draft rules for depositary services related to open-ended investment funds with a public offering. The draft, adopted at the Authority's 137th session, is grounded in the Law on Open-ended Investment Funds with Public Offering.
Policy & regulationRules & requirementsOther
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has initiated a public consultation on draft rules for the structure and content of financial statements and reports by alternative investment fund management companies. The draft, adopted on 8 August 2025, is based on the Law on Alternative Investment Funds.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-15•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has adopted new rules mandating electronic filing of annual and semi-annual financial reports via its reporting portal, with automatic public availability through the Central Register of Prescribed Information. Issuers must adhere to International Financial Reporting Standards, and email-based submissions are discontinued. Previous financial reporting rules are repealed.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has expanded its Superannuation Data Reporting guidance with 32 new frequently asked questions, complementing existing examples available on its website under the Superannuation Data Transformation materials.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-15•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has updated its Superannuation Data Reporting guidance with 32 new frequently asked questions, available on its website under the Superannuation Data Transformation materials.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-15•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) hosted a visit from Egypt’s ARCORP Holdings to explore collaboration on projects to enhance insurance efficiency and access in Tanzania. Discussions included leveraging technology to improve service delivery and public awareness, with ARCORP engaging various national stakeholders for coordinated implementation. TIRA emphasized its commitment to maintaining a safe and stable insurance market.
Policy & regulationCooperationMarket development